Q P GROUP earned 129 million more last year, a 61% increase, with a 40% increase in annual dividends

Q P GROUP's profit increased by HKD 129 million last year, a 61% increase, with a 40% increase in annual dividends.

Q P GROUP (1412) announced its annual results yesterday, reporting a profit attributable to shareholders of HKD 129 million for the year ending December last year, representing a year-on-year growth of 61.2%, with earnings per share of HKD 0.2427. Revenue last year was HKD 1.21 billion, up 16.5% year-on-year. The group declared a final dividend of HKD 0.11 per share, an increase of 37.5%, bringing the total annual dividend to HKD 0.14, a 40% increase.

Q P GROUP pointed out that the improvement in last year's performance was mainly driven by its performance in engineering, production efficiency, and quality, which boosted OEM sales growth. Last year's OEM sales amounted to HKD 980 million, a year-on-year increase of 16.4%. On the other hand, the online sales business also achieved steady growth, with online sales reaching nearly HKD 230 million last year, up 16.9%. The number of active registered user accounts placing orders on the group's website also increased by 21.1% to 77,600 by the end of last year.

The group's factory in Vietnam was fully operational last year, becoming an important production site, and in September last year, it signed a construction agreement with a contractor for the expansion of the Vietnam factory.

Related articles: Q P GROUP has repeatedly innovated its printing business, helping design brands set up online stores in recent years. Chairman Zheng Wenwei: Only by keeping pace with the times can we stand firm in the market for a long time.

Stable Relationships with European and American Clients

Q P GROUP is a manufacturer of paper products and printing services, with main product categories including board games, greeting cards, early education products, and packaging boxes. Its products are sold through large orders via direct sales and distribution OEM channels, as well as through online sales channels to individual and corporate clients. The group has established stable business relationships with major OEM clients located in the United States and Europe, including an international greeting card publisher and several multinational children's education products and toy brands.

Q P GROUP's strong growth is a result of the early strategic planning by Chairman and CEO Zheng Wenwei, who has transformed the paper and printing industry multiple times over the past 40 years in response to changes in the market environment.

Related articles: Q P GROUP expects a profit increase of nearly 70%, benefiting from the demand for board games and greeting cards in its main paper product business.

Digital Transformation in the New Millennium

Zheng Wenwei has stated in interviews, "The printing industry is highly competitive, and we must continuously keep pace with the times, using quality and service to retain customers to stand firm in the market for a long time." Subsequently, Q P GROUP changed its traditional printing business model and made significant strides in digitalization, launching the customized product online store "PrinterStudio" in 2010 Entering the retail market, providing "print-on-demand" customized gift printing services, such as photo albums, puzzles, playing cards, and lifestyle accessories.

In recent years, e-commerce platforms have helped brands operate at low costs

In response to the rise of the e-commerce industry, Zheng Wenwei has also led the group to launch the e-commerce platform "Q P Market Network (QPMN)" in recent years, focusing on business-to-business-to-consumer (B2B2C) e-commerce projects, assisting design brands in starting online store operations at low costs. Q P GROUP hopes to leverage successful collaboration cases to promote QPMN's services to more brands and licensors, gradually realizing the business model of business-to-business-to-consumer