新兴印刷中期报告 2024/2025

1975 Interim Report2024/2025 CONTENTS Corporate Information2Management Discussion and Analysis4Financial StatementsCondensed Consolidated Statement of Profit or Loss16Condensed Consolidated Statement of Comprehensive Income17Condensed Consolidated Statement of Financial Position18Condensed Consolidated Statement of Changes in Equity19Condensed Consolidated Statement of Cash Flows20Notes to Condensed Consolidated Interim Financial Statements22Information Provided in Accordance with the Listing Rules36 2 CORPORATE INFORMATION公司資料 EXECUTIVE DIRECTORS Mr. CHAN Peter Tit SangMr. CHAN Kenneth Chi KinMr. CHAN Chi MingMr. CHAN Chun Sang Desmond NON-EXECUTIVE DIRECTORMs. CHEUNG Mei Yee Lorna INDEPENDENT NON-EXECUTIVEDIRECTORS Dr. CHU Po Kuen LouisMr. WONG Kam FaiMr. WU Chun Sing COMPANY SECRETARYMr. LAM Yiu Cho 35-374 PRINCIPAL OFFICE 4/F, Sze Hing Industrial Building35-37 Lee Chung StreetChai Wan, Hong Kong 29-31 PRINCIPAL BANKSBank of China (Hong Kong)29-31 Lee Chung StreetChai Wan, Hong Kong 9916 DBS16/F, The Center99 Queen’s Road CentralCentral, Hong Kong AUDITORErnst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor 1617 SHARE REGISTRAR Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong http://www.sunhingprinting.com WEBSITEhttp://www.sunhingprinting.com 1975 STOCK CODE1975 SUN HING PRINTING HOLDINGS LIMITED新興印刷控股有限公司Interim Report中期報告2024/2025 ONPAPER-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管理層討論及分析 REVIEW OF OPERATION (i)(ii)(iii)(iv)RFID(v) Sun Hing Printing Holdings Limited (the “Company”) and itssubsidiaries (collectively referred to as the “Group”) is a one-stop printing service provider. Our printing services can bebroadly categorised into (i) packaging printing services whichcover, among others, corrugated boxes, gift boxes, cardboxes and product boxes; (ii) paper gift set printing serviceswhich cover, among others, gift sets and game sets containinggift boxes, cards, booklets and hardback books; (iii) cardprinting services which cover, among others, colour cards,insert cards, warranty cards and plain cards; (iv) smart packageprinting services which cover, among others, Radio-frequencyIdentification (“RFID”) labels and Real QR Code; and (v) otherprinting services which cover, among others, stickers, colourpapers, yupo papers and red packets. The printing industry in Hong Kong is facing significantchallenges due to an unfavorable economic climate. Factorssuch as the Russo-Ukrainian conflict, the Israel-Gaza wars,concerns about slowing global economic growth, highinflation, the outbreak of the China-United States trade warand geopolitical tensions following leadership elections invarious regions are putting relentless pressure on the Group’sbusiness operations and development. Additionally, shifts inconsumer behavior among Hong Kong customers are furthercomplicating the situation. ESG PrintLimitedESG In view of the abovementioned challenges, the Group hastaken various actions to mitigate and diversify the businessrisks, including investment in ESG Print Limited to open themarket relating to Environmental, Social and Governance(“ESG”) and investment in Indonesia for building a newmanufacturing hub there in the future. The management of theGroup is trying their best to preserve the value and drive thegrowth of the Group. MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析 REVIEW OF OPERATION(Continued) 28.9%108.5 The Group’s revenue decreased by approximately 28.9% toapproximately HK$108.5 million for the six months ended 31December 2024, compared to the same period last year. Thedecrease in revenue is affected by the drop in contributionfrom packaging and paper gift set printing services, as a resultof customers’ concern about global economic slowdownand widespread inflation all over the world. Customers tookconservative consumption approach to reduce spending onprinting and promotional products. Thus, it led to a drop in saleorders received from both overseas and local customers. The gross profit dropped by approximately 28.6% fromapproximately HK$46.1 million for the six months ended 31December 2023 to approximately HK$32.9 million for thesix months ended 31 December 2024, as a result of drop inrevenue. 46.128.6%32.9 30.3%30.2%5.72.92.83.7%2.6% O u r g r o s s p r o f i t m a r g i n r e m a i n e d r e l a t i v e l y s t a b l e o fapproximately 30.3% and approximately 30.2% for the sixmonths ended 31 December 2024 and 31 December 2023respectively. Our net profit for the period decreased byapproximately HK$2.9 million from approximately HK$5.7million for the six months ended 31 December 2023 toapproximately HK$2.8 million for the six months ended31 December 2024, considering the drop in revenue andslight