Latest data from the Hong Kong Stock Exchange shows that on November 13, a shareholder of QUALI-SMART Holdings (01348) transferred shares from Morgan Stanley Hong Kong Securities to Core Pacific-Yamaichi Securities, with a transfer value of HK$13.026 million, accounting for 6.80% of the holdings.

QUALI-SMART Holdings reported its annual results for the period ending March 31, 2025, with revenue at HK$71.933 million, a year-on-year decline of 59.4%. The loss attributable to company owners narrowed by 75.8% to HK$17.872 million, with a basic loss per share of HK$0.0121.

The company stated that the decrease in total revenue was primarily due to a decline in sales to some of its top five customers in the toy segment, resulting in a reduction of approximately HK$114.4 million or 68.7% compared to the previous year. However, this was partially offset by an increase of HK$9 million or 83.4% in revenue from the financial services segment.