Willas-Array Electronics (Holdings) reported net profit attributable to shareholders of HK$61.47 million for the six months ended Jun 30, up 196.6 % year-on-year, boosted by a 27.3 % jump in revenue and lower finance costs.

Basic earnings per share rose to 59.69 HK cents from 23.63 HK cents a year earlier. The board did not declare an interim dividend, unchanged from the prior-year period.

Revenue climbed to HK$1.48 billion, driven by stronger demand in most end-markets. Automotive remained the largest contributor, rising 30.3 % YoY to HK$432.58 million. Industrial sales advanced 19.1 % to HK$355.92 million, while Electronic Manufacturing Services grew 51.7 % to HK$154.43 million. Audio & Video revenue surged 63.3 % to HK$104.83 million. Telecommunications, Dealer and Other segments recorded YoY increases of 44.8 %, 26.2 % and 106.7 % respectively. Lighting fell 5.6 % to HK$14.11 million.

Gross margin widened to 10.2 % from 9.8 % as product mix shifted towards higher-margin lines and inventory clearance sales seen last year were not repeated. Finance costs declined 28.9 % to HK$11.38 million after the group repaid shareholder loans and improved its borrowing mix. The period also benefited from an exchange gain amid Renminbi appreciation.

Lighting remained a drag due to intensified price competition, and the group booked HK$0.78 million in net impairment losses on trade receivables, compared with a HK$7.01 million reversal a year earlier.

Looking ahead, management outlined three priorities: 1) expand non-franchise sourcing and logistics capabilities to deepen customer relationships, 2) increase demand-creation support for small- and mid-sized suppliers, and 3) build a stronger talent pipeline to sustain growth. The company plans selective investments in high-growth product lines and will leverage synergies with ultimate parent Shanghai YCT while monitoring geopolitical and market risks.