1. China Stocks

  2. •

    Process industries

  3. •

    Pulp & paper
Q P Group Holdings Limited

Q P Group Holdings Limited

HHKEX:1412
1.00
HKD
-0.04
(-3.85%)
845.88MMarket Cap
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.67
2.03
2.19
2.24
2.34
2.61
2.4
1.95
2.28
2.12
- -
Basic EPS, GAAP
0.17
0.15
0.1
0.16
0.25
0.22
0.24
0.15
0.24
0.11
- -
Free Cash Flow per Basic Share
0.17
-0.19
0.07
0.21
0.28
-0.01
0.38
-0.02
0.24
-0.13
- -
Dividend per Share
0.06
0.03
0.02
0.02
0.11
0.14
0.14
0.13
0.11
0.13
- -
Book Value per Share
0.69
0.85
0.88
1
1.47
1.59
1.58
1.57
1.66
1.69
1.69
Tangible Book Value per Share
0.68
0.85
0.83
0.96
1.42
1.53
1.53
1.51
1.61
1.64
1.64
Basic Weighted Avg Shares
532
532
532
532
527
532
532
532
532
532
532
Sales/Revenue/Turnover
886
1,080
1,163
1,194
1,233
1,390
1,276
1,039
1,211
1,125
- -
Operating Margin (%)
12.18
8.58
4.5
8.2
14.63
9.25
11.01
7.89
11.67
7.22
- -
Depreciation Expense
48
47
54
56
52
59
61
59
62
68
- -
Net Income, GAAP
90
79
51
84
129
119
127
80
129
59
- -
Effective Tax Rate (%)
19.42
18.05
13.8
16.91
18.89
9.01
11.38
16.93
14.64
15.84
- -
Profit Margin (%)
10.14
7.31
4.38
7.06
10.49
8.57
9.94
7.71
10.66
5.28
- -
Working Capital
131
54
31
115
232
215
254
204
269
173
173
LT Debt
2
4
95
85
9
2
1
1
2
2
2
Total Equity
365
453
469
534
784
846
843
835
882
896
896
Return on Invested Capital (%)
- -
15.56
8.4
12.37
15.94
12.85
13.06
7.95
13.36
5.76
- -
Return on Capital (%)
- -
16.24
8.63
12.67
16.61
13.31
13.59
9.23
14.73
6.68
- -
Return on Common Equity (%)
- -
19.29
11.06
16.79
19.62
14.6
15.02
9.56
15.04
6.67
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
53
153
62
LT Borrowings
- -
- -
- -
LT Finance Leases
2
1
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
532
532
532
Market Capitalization
596
798
846

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
542
556
440
Cash, Cash Equivalents & STI
254
193
111
Accounts Receivable, Net
152
200
153
Inventories
76
102
107
Total Current Liabilities
273
361
266
Payables & Accruals
- -
- -
- -
ST Debt
53
153
62
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
2.75%
1.53%
Free Cash Flow
- -
-1,069.59%
-154.06%
Net Income, GAAP
- -
-6.21%
-54%
Sales/Revenue/Turnover
- -
-0.9%
-7.06%
Total Cash Common Dividend
- -
- -
18.18%

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1,039
2024
- -
- -
1,211
2025
- -
- -
1,125

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.15
2024
- -
- -
0.24
2025
- -
- -
0.11

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.13
2024
- -
- -
0.11
2025
- -
- -
0.13

Company Description

Company Profile APIChatGPT
CEO
Wan Wai Cheng
Full Time Employees
3,367
Sector
Process industries
Industry
Pulp & paper
Address
Kings Wing Plaza 2 Dongguan GD China
IPO Date
Jan 16, 2020
Website
qpp.com
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Business
Q P Group Holdings Limited is an investment holding company principally engaged in the manufacture and sale of paper products, including tabletop games, playing cards, puzzles, greeting cards, trading cards, educational items and premium packaging; it operates through Original Equipment Manufacturer (OEM) sales and web sales segments, offering printing services, laboratory testing, customer services and information technology support. The company, founded in 1985 and headquartered in Sha Tin, Hong Kong, maintains production facilities in Dongguan and Heshan in Guangdong Province, China, and Phu Ly City in Ha Nam Province, Vietnam; it serves OEM customers as well as individual and corporate clients through online platforms such as makeplayingcards.com, boardgamesmaker.com, printerstudio.com and its B2B2C e-commerce site Q P Market Network (qpmarketnetwork.com), with geographic operations spanning the People's Republic of China, the United States, Europe and other international markets. Q P Group Holdings Limited is a subsidiary of Good Elite Holdings Limited and recently reported FY2024 revenue of HK$1,210.9 million, up 16.5% year-on-year, with OEM sales rising 16.4% to HK$984.8 million on demand from major customers and new relationships with a leading global trading card company and Chinese publishers; web sales grew 16.9% to HK$226.1 million, supported by enhancements to QPMN's infrastructure and partnerships worldwide, while profit attributable to equity holders surged 61.2% to HK$129.1 million. In September 2024, the company entered a construction agreement to expand its Vietnam plant, scheduled to commence operations in Q3 2025 to bolster supply chain resilience and mitigate geopolitical risks; it also achieved 2i-level Industry 4.0 maturity certification, advancing digital transformation with smart operations across production lines, and proposed a final dividend of HK11 cents per share for FY2024.