QPL INT'L年报2025

annualREPORT2025年報 CONTENTS 2Corporate Information4Director’s Statement12Biographical Details of Directors14Corporate Governance Report31Directors’ Report41Independent Auditor’s Report50Consolidated Statement of Profit or Lossand Other Comprehensive Income51Consolidated Statement of Financial Position53Consolidated Statement of Changes in Equity55Consolidated Statement of Cash Flows57Notes to the Consolidated Financial Statements136Financial Summary Corporate Information DIRECTORS EXECUTIVE DIRECTORS Tung Siu ChingWu Wangfang (appointed on 10 April 2025)Lai Sau Him (resigned on 15 August 2024)Phen Hoi Ping Patrick (retired on 15 October 2024) INDEPENDENT NONEXECUTIVE DIRECTORS Chu Chun On FrancoChung Hoi YanLiu Rongrui COMPANY SECRETARYChung Yuk Lun AUDITOR 18824 McMillan Woods (Hong Kong) CPA LimitedCertified Public Accountants24/F Siu On Centre188 Lockhart RoadWan Chai, Hong Kong PRINCIPAL BANKERS China Construction Bank (Asia) Corporation LimitedCMB Wing Lung Bank LimitedThe Hong Kong and Shanghai Banking Corporation LimitedPublic Bank (Hong Kong) Limited REGISTERED OFFICE Canon’s Court22 Victoria StreetHamilton HM12Bermuda Canon’s Court22 Victoria StreetHamilton HM12Bermuda HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 66-8224H Unit H, 24/F., Golden Bear Industrial Center66-82 Chai Wan Kok StreetTsuen Wan, New TerritoriesHong Kong Corporate Information PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Ocorian Management (Bermuda) Ltd.Canon’s Court22 Victoria StreetHamilton HM12Bermuda Ocorian Management (Bermuda) Ltd.Canon’s Court22 Victoria StreetHamilton HM12Bermuda HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 1617 Tricor Investor Services Limited17/F Far East Finance Centre16 Harcourt RoadHong Kong STOCK CODE243 243 http://www.qpl.com COMPANY WEBSITEhttp://www.qpl.com Director’s Statement QPL International Holdings Limited On behalf of the Board of Directors (the “Board” or “Directors”),I hereby present the results of QPL International Holdings Limited (the“Company”) and its subsidiaries (collectively the “Group”) for theyear ended 30 April 2025. FINANCIAL RESULTS The Company acts as an investment holding company. Theprincipal activities of its subsidiaries are the manufacture and saleof integrated circuit leadframes, heatsinks, stiffeners and relatedproducts, investment holding and money lending. 301,450,000262,700,00014.75%1,060,00061,390,0000.370.3721.2621.26 For the fiscal year under review, the Group reported a revenueofHK$301.45 million, representing an increase of 14.75% ascompared with HK$262.70 million for the previous year. TheGroup’s consolidated loss for the year amounted to HK$1.06million as compared with HK$61.39 million for the previous year.Basic and diluted loss per share was HK0.37 cents and HK0.37cents respectively (2024: HK21.26 cents and HK21.26 centsrespectively). DIVIDEND The Directors do not recommend the payment of a dividend forthe year (2024: Nil). BUSINESS REVIEW 14.75%301,450,000262,700,000 During the year under review, the Group faced many challengesin the tough business environment and recorded an increase inturnover by 14.75% to HK$301.45 million (2024: HK$262.70million) during the year. Director’s Statement During the year, staffcosts increased by 0.43% to HK$99.29million (2024: HK$98.86 million) representing 32.94% (2024:37.63%) of the Group’s revenue. Other operating expenses, mainlyincluded factory operating costs, and selling and administrativeexpenses, such as repair and maintenance expenses of HK$16.50million (2024: HK$14.89 million), electricity and water charges,and fuel expenses of HK$20.07 million (2024: HK$21.15 million),advertising and promotion expenses ofHK$1.81 million (2024:HK$2.34 million), business entertainment expenses ofHK$4.24million (2024: HK$1.17 million), legal and professional fee ofHK$2.65 million (2024: HK$2.02 million), expenses relating toshort-term leases of HK$11.60 million (2024: HK$12.16 million),and loss on written-off of loan receivables of HK$4.25 million (2024:HK$12.36 million), decreased by 5.42% to HK$78.48 million(2024: HK$82.98 million) representing 26.03% (2024: 31.59%) ofthe Group’s revenue during the year. The Group will continue tomonitor the market and consequently adjust its labour force andlabour structure in order to achieve a better staff mix to enhancelabour efficiency. The Group will also continuously tighten itsexpenditure in its efforts to minimise the potential impact ofincreasing factory operating costs, and selling and administrativeexpenses. 0.43%99,290,00098,860,00032.94%37.63%5.42%78,480,00082,980,00026.03%31.59%16,500,00014,890,00020,070,00021,150,0001,810,0002,340,0004,240,0001,170,0002,650,0002,020,00011,600,00012,160,0004,250,00012,360,000 4,170,00022,000,0004,130,000 Besides, the financial results of the Group during the year underreview were also affected by the net fair value losses on financialassets at FVTPL of HK$4.17 million (2024: HK$22