Q P Group Warns of Profit Halving on Weaker OEM Demand and Vietnam Transition Costs

Q P Group Holdings Limited ( (HK:1412) ) has shared an update.

Q P Group Holdings Limited has issued a profit warning, indicating that consolidated profit attributable to shareholders for the year ended 31 December 2025 is expected to fall to between HK$55 million and HK$65 million, down sharply from HK$129.1 million a year earlier. Management attributes the decline mainly to reduced OEM revenue amid weaker consumer demand in some markets and a lower OEM gross margin caused by transitional costs and reduced efficiency linked to consolidation of production capacity at its Vietnam plant, although web sales recorded mild growth. Despite the anticipated earnings drop, the board maintains confidence in the group’s financial position and long-term prospects, particularly in its trading card manufacturing and web sales businesses, and plans to pursue diversified strategies and expanded partnerships to drive sustainable growth, while cautioning investors that the figures are preliminary and unaudited.

The most recent analyst rating on (HK:1412) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Q P Group Holdings Limited stock, see the HK:1412 Stock Forecast page.

More about Q P Group Holdings Limited

Q P Group Holdings Limited is a Hong Kong-listed manufacturer with a notable focus on trading card production and related products, serving both original equipment manufacturer (OEM) customers and end-users through web-based sales channels. The group has been diversifying its supply chain footprint, including consolidating production capacity at its Vietnam plant, and is targeting broader market reach across different customer segments through both traditional OEM and growing online sales.

Average Trading Volume: 199,115

Technical Sentiment Signal: Buy

Current Market Cap: HK$824.6M

For a thorough assessment of 1412 stock, go to TipRanks’ Stock Analysis page.