WKK International (Holdings) Interim FY-26: Revenue Slips 7.2%, Net Loss Narrows Sharply to HK$2.34 Million

Bulletin Express
09/28

Wong’s Kong King International (Holdings) Limited (“WKK International”) released its unaudited results for the six months ended 30 June 2026.

Revenue and Profitability • Group revenue fell 7.20% year-on-year to HK$1.69 billion, reflecting softer demand in the Trading & Distribution division and a mixed global macro backdrop. • Operating profit surged to HK$39.44 million from HK$12.78 million a year earlier, supported by improved product mix and tighter cost control. • Net finance costs were broadly stable at HK$11.91 million. • Profit before tax reached HK$30.87 million versus HK$12.73 million in 1H25; after a HK$28.44 million tax charge, profit attributable to owners came in at a HK$2.34 million loss, markedly narrower than the HK$11.04 million loss in the prior-year period. • Basic and diluted loss per share were HK$0.0032.

Segment Performance • Trading & Distribution posted an operating profit of HK$78.52 million, up 13.7% despite a 16.8% revenue decline to HK$770.73 million, thanks to higher-margin PCB-related equipment sales in Mainland China and Southeast Asia. • OEM Manufacturing revenue edged up 4.3% to HK$914.05 million; the segment’s operating loss narrowed to HK$41.85 million (1H25: HK$58.47 million) as product mix and efficiency initiatives improved.

Balance Sheet and Cash Flow • Cash and cash equivalents rose to HK$646.58 million (31 Dec 2025: HK$533.99 million) and short-term deposits to HK$86.14 million, leaving the Group in a net cash position of HK$79.10 million. • Total equity increased to HK$1.61 billion from HK$1.43 billion, aided by a HK$159.48 million fair-value gain on equity investments booked through other comprehensive income. • Net cash from operating activities reached HK$139.51 million versus an outflow of HK$4.03 million in the prior-year period. • Inventories stood at HK$796.62 million, trade receivables at HK$981.23 million, and trade payables at HK$660.30 million.

Capital Expenditure and Commitments • Capex totaled HK$2.67 million, mainly for plant and equipment. • Contracted but unutilised capex commitments were HK$0.14 million. • On 25 August 2026, subsidiary Taiwan Kong King Co., Ltd. agreed to acquire land for operational use in Taiwan for NTD360.00 million (approximately HK$90.00 million).

Dividends • The Board declared no interim dividend for the period.

Corporate Updates • Founder Mr. Wong Senta was re-designated as Non-Executive Director and appointed Honorary Chairman on 3 August 2026. • The 2016 share option scheme expired on 21 June 2026; a new scheme was conditionally adopted on 29 June 2026.

Outlook Management reiterated a focus on operational efficiency, customer alignment and disciplined cost control to navigate ongoing economic uncertainty in the second half of 2026.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10