新兴印刷年度报告 2023/2024

1975 Annual Report2023/2024 CONTENTS Financial Highlights02Chairman’s Statement03Management Discussion and Analysis05Corporate Information15Corporate Governance Report17Environmental, Social and Governance Report32Report of the Directors87Independent Auditor’s Report107Financial StatementsConsolidated Statement of Profit or Loss113Consolidated Statement of Comprehensive Income114Consolidated Statement of Financial Position115Consolidated Statement of Changes in Equity116Consolidated Statement of Cash Flows117Notes to Financial Statements119 FINANCIAL HIGHLIGHTS Dear Shareholders, The year 2023/2024 was continuing to be a challenging year to SunHing Printing Holdings Limited (the “Company”) and its subsidiaries(collectively referred to the “Group”). The Group was exposed underseveral market challenges and uncertainties, such as continuousimpact of geopolitical tension, outbreak of Russo-Ukrainian and theIsrael-Gaza wars, ongoing trade dispute between the United States ofAmerica (the “USA”) and the People’s Republic of China (the “PRC”),political instability for elections of leaders in several regions, andconcerns about the slowing global economic growth and high inflationthat led to pessimistic economy sentiment all over the world. As the abovementioned factors posed ongoing challenges to majoritysectors in Hong Kong by undermining investment and businessenvironment, they indirectly discouraged the financial performance toour Group in the year 2023/2024. Furthermore, the outbreak of thepandemic in prior years aggravated global economy and changedconsumers’ behavior around the world. 17.177.53.5716.142.54.31.02.23.56.5 Based on the above reasons, the Group’s 2023/2024 profit for theyear attributable to owners of the Company dropped to HK$17.1million (2022/2023: HK$77.5 million). The decrease in the profit wasmainly attributable to drop in the revenue, because of customers’concerns about slowing global economic growth and high inflationall over the world, and also reduction of the customers’ sentiment.Basic earnings per share was HK3.57 cents (2022/2023: HK16.14cents). The Company has proposed a final dividend of HK2.5 cents(2022/2023: HK4.3 cents). Together with interim dividend of HK1.0cent (2022/2023: HK2.2 cents), the Company has proposed a totaldividend of HK3.5 cents (2022/2023: total dividend of HK6.5 cents),which the Group intended to maintain a stable dividend return to rewardour shareholders of the Group and to reflect our confidence in our strongfinancial performance. Looking forward to the Year 2024/2025, the market will still be full ofchallenges and uncertainties. Under the ongoing threat from globaleconomy downturn and high inflation over the world and geopoliticaltension in Asia, worldwide economy is expected to be volatile. TheGroup will maintain its stringent cost control measures, enhance theGroup’s overall production efficiency and maintain its competitivenessin the market. CHAIRMAN’S STATEMENT In addition, the Group will further devote resources and manpower toboost internal operation effectiveness, and will grasp opportunitiesarising from potential new markets, such as environmental friendlypackaging market for sustainable growth. We are currently exploringthe opportunities to build a new factory in the Southeast Asian regionto attract new potential customers and lower costs. While we are alsoproactively looking into the market for the latest printing associatedtechnologies, advanced machinery and innovative materials, to providevalue-added services to our customers and to differentiate ourselvesfrom our competitors. Last but not least, employees are the greatest asset to the Group, wewill persist in providing training to our employees, in order to facilitate theupcoming development of the Group. On behalf of the Board, I would like to extend my sincere gratitude to ourshareholders, investors, business partners, management and all thestaff members for their increasing support and dedication to the Group.We will continue to provide the market with innovative, reliable and high-quality printing products to our customers, and to drive the Group’sbusiness development in the long term. We believe these will empowerus to achieve a better performance and create greater value for ourcustomers, investors and shareholders. On behalf of the BoardMr. Chan Peter Tit SangChairman and Executive DirectorHong Kong, 25 September 2024 ONON PAPER-RELATED PRINTING PRODUCTS產品以紙類印刷品為主 Products are mainly used in the markets of variousconsumer products as well as for the purposes of promotion,advertising and education. 我們的印刷品應用廣泛，遍及不同的消費產品市場，以及用於宣傳、廣告及教育等用途。 MANAGEMENT DISCUSSION AND ANALYSIS REVIEW OF OPERATION (i)(ii)(iii)(iv)RFID(v) Sun Hing Printing Holdings Group is a one-stop printing serviceprovider. Our printing services can be broadly categorised into (i)packaging printing services which cover, among others, corrugatedboxes, gift boxes, card boxes and product boxes; (ii) paper gift