鸿兴印刷集团：2025年中期报告

Contents泘ꍖ Corporate Information2 ⪞⺚鞴乣 Unaudited Financial Report儔祺㴱劭靸ⳉ㕕⼔ Consolidated Income Statement禎⺭䷅沠辑3Consolidated Statement of Comprehensive Income禎⺭ꪫ䷅沠辑4Consolidated Statement of Financial Position禎⺭靸ⳉ敻媲辑5Consolidated Statement of Changes in Equity禎⺭垷沠闭Ⳃ辑7Condensed Consolidated Statement of Cash Flows癩伺禎⺭杯ꄌ孳ꄈ辑9 Notes to the Unaudited Interim Financial Report10儔祺㴱劭╈僿靸ⳉ㕕⼔ꡭ錝 Management Discussion and Analysis29畚杼㷻鋁鑝⹗⮈冫 Information Provided in Accordance with the Listing Rules37䧞┕䄬釨⯞䢦ꧏ䬠❠鞴乣 Corporate Information⪞⺚鞴乣 㛂遤袚✲ Executive Directors ♴徉伺㓵车╚䅫♴ⱶ⟔ Yum Chak Ming, Matthew, Executive ChairmanYum Christopher Carson ꬌ㛂遤諹✲ Non-Executive Directors 刔吤俘♴ 庤伺♴ⱶ䔩憡⪭僁♴蝕◄ 㔄ⶥ⺒剁㽄☝ Aki TsugeYam Hon Ming, Tommy (YumNicholas Kevin as his alternate) Hirofumi HoriHitoshi Shibasaki 栬用ꬌ㛂遤袚✲ Independent Non-Executive Directors 兊环伺ꢷ⥉☝ꣃ鈶霕 Lee Danny LapLuk Koon Hoo Tan Chuen Yan, Paul Ⱇ぀猽剅 Company SecretaryShek Kwok Man 溍㎜乄 岁䖒곃㉏亡鷾䏱䅨◄ⳉ䢦 Legal Advisor Fangda Partners 鏽ⱁ鳵✲贖 Registered Office 꺝于槡㛻㒹䄄哆兎㛻ㄎ轵17舘19谝듂艅ⴎ逸ⷆ⯇╈䑐꧆鎈(852) 2664 8682⥉洡(852) 2664 2070꧆鼾: info@hunghingprinting.com Hung Hing Printing Centre, 17–19 Dai Hei StreetTai Po Industrial Estate, New Territories, Hong KongTel: (852) 2664 8682Fax: (852) 2664 2070E-mail: info@hunghingprinting.com ⚺銴䖃⢵ꋓ遤 Principal Bankers 꺝┕宿帠雧ꉐ车僘꡿⪞⺚└虙UFJꉐ车菌仝ꉐ车䔩榟ꉐ车僘꡿⪞⺚ The Hongkong and ShanghaiBanking Corporation LimitedMUFG Bank, Ltd.Citibank N.A.Hang Seng Bank Limited Auditor 呍侸䌌 KPMGCertified Public AccountantsPublic Interest Entity Auditor registered in accordance with theAccounting and Financial Reporting Council Ordinance 樆껊㣜働銷䅨◄ⳉ䢦㓵哆働銷䅨亥վ働銷⹗靸ⳉⵜ㕕㷀半❆տ┖氳錝⫈⪞浑⮵沠㴨냉劭丨䅨 Share Registrar 肆⟨麕䨩涬鎹贖 Tricor Investor Services Limited17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong ⶛✞镜⯉氨鋘僘꡿⪞⺚꺝㛊䚙鷻16谝鸞典ꄌ踅╈䑐17嗻 듂艅ⷆ⯇꥙㎯僘꡿⪞⺚ր儗⪞⺚ց蝕◄働埤抇㲛⛜儗⪞⺚⹗⪭ꡭ㸋⪞⺚ր儗꥙㎯ց䡽舘◅ꦼ◅◑䇗⪠僖└ⶇ仼塛⪠⠕僖氳儔祺㴱劭╯禎⺭╈僿哆端㞞┖ The directors of Hung Hing Printing Group Limited (the “Company”)are pleased to announce the unaudited consolidated results of theCompany and its subsidiaries (the “Group”) for the six months ended30 June 2025 as follows: 鬼亥瑮10ꮻ舘瑮28ꮻ╯ꡭ錝憡儗╈僿靸ⳉ㕕⼔╯磞䡗鼨⮈ Consolidated Statement of Comprehensive Income禎⺭ꪫ䷅沠辑 Consolidated Statement of Financial Position禎⺭靸ⳉ敻媲辑 Condensed Consolidated Statement of Cash Flows癩伺禎⺭杯ꄌ孳ꄈ辑 Notes to the Unaudited Interim Financial Report儔祺㴱劭╈僿靸ⳉ㕕⼔ꡭ錝 1.♧菛须俲 1. General Information 듂艅ⷆ⯇꥙㎯僘꡿⪞⺚ր儗⪞⺚ց憡亥꺝錝⫈䡗环氳僘꡿⪞⺚⪭錝⫈鰾◄谊⛤亥꺝于槡㛻㒹䄄哆黉㛻ㄎ轵17舘19谝듂艅ⴎ遫ⷆ⯇╈䑐 Hung Hing Printing Group Limited (the “Company”) is a limitedliability company incorporated in Hong Kong. The address ofits registered office is Hung Hing Printing Centre, 17-19 Dai HeiStreet, Tai Po Industrial Estate, New Territories, Hong Kong. The Company is listed on the Main Board of The Stock Exchangeof Hong Kong Limited (the “Stock Exchange”). 儗⪞⺚亥꺝绤⺭◬佄䢦僘꡿⪞⺚ր绤◬䢦ց╚冎┕䄬 The Company and its subsidiaries (together the “Group”) areengaged in the following principal activities: 儗⪞⺚⹗⪭ꡭ㸋⪞⺚礶牒憡ր儗꥙㎯ց╚釒哆ⳉ㞞┖ •傴盉⹗ⴎ遫ⷆ⯇•寖鞞榣⿁ⴎ遫•椘鵡碋畵⹗•碋䍗鞥佄 •Book and package printing;•Consumer product packaging;•Corrugated box; and•Trading of paper. ꢝ⺁僘鐁伺㛛塞璢癩伺禎⺭╈僿靸ⳉ㕕⼔♓䆸ⶉ⩕⮛鎊璢癩伺禎⺭╈僿靸ⳉ㕕⼔䄖亥◅ꦼ ◅◑䇗⪛僖◅ⶇ⪠仼祺蝕◄働ր蝕◄働ց䤊⬢⮍氪 This interim financial report is presented in thousands of HongKong dollars (HK$’000), unless otherwise stated. This condensedconsolidated interim financial report was approved for issue by theBoard of Directors (the “Board”) on 26 August 2025. 2.管醢㛇彋 2. Basis of Preparation 儗䡽舘◅ꦼ◅◑䇗⪠僖└ⶇ仼塛⪠⠕僖╯禎⺭╈僿靸ⳉ㕕⼔儔祺㴱劭┾劯䴆꺝働銷䅨⪞働ր꺝働銷䅨⪞働ցꯓ⛜╯꺝働銷嶗⯞ր꺝働銷嶗⯞ց瑮34谝╈僿靸ⳉ㕕⼔⹗绤◬䢦镜⯉┕䄬釨⯞ր┕䄬釨⯞ցꡭꍖD2╯釨㲋䢦稶邯儗儔祺㴱劭╯癩伺禎⺭╈僿靸ⳉ㕕⼔ꢝ僘鼨♸鞴榣䧞⪞䇖⡬⮛韰㛛㏱♓塽⺒䡗儗䜉❆稶邯⹗䟕鵿⺱䡽舘◅ꦼ◅㍌䇗ⶇ◅僖└ⶇ┉仼塛䇗䈲靸ⳉ㕕辑┉✡ꞥ闖 This interim financial report for the six months ended 30 June2025 has not been audited and has been prepared in accordancewith Hong Kong Accounting Standard (“HKAS”) 34InterimFinancial Reportingissued by the Hong Kong Institute of CertifiedPublic Accountants (“HKICPA”) and the applicable disclosurerequirements as set out in Appendix D2 of the Rules Governing theListing of Securities (the “Listing Rules”) on the Stock Exchange.The unaudited condensed consolidated interim financial statementshave been prepared under the historical cost convention exceptthat certain financial assets are stated at fair values and whichshould be read in conjunction with the annual financial statementsfor the year ended 31 December 2024. 2.管醢㛇彋糵 2. Basis of Preparation (continued) 儗╈僿哆端㕕⼔䢦鬼⛼憡奄鬴鞴乣氳◅ꦼ◅㍌䇗ⶇ◅僖└ⶇ┉仼氳靸ⳉ鞴乣┾┘啶䡗儗⪞⺚鎊䇗氳嫏㲋䇗䈲禎⺭靸ⳉ㕕辑⛙鞴乣丨䴆✿舅鎊璢靸ⳉ㕕⼔劯䴆꺝⪞⺚半❆瑮622珖ր⪞⺚半❆ց瑮436半僘꟯鎊璢嫏㲋靸ⳉ㕕辑ꧏ䥑꨾氳鶡┉塠鞴乣㞞┖ The financial information relating to the financial year ended 31December 2024 that is included in the interim financial reportas comparative information does not constitute the Company’sstatutory annual consolidated financial statements for thatfinancial year but is derived from those financial statements.Further information relating to these statutory financial statementsdisclosed in accordance with section 436 of the Hong KongCompanies Ordinance (Cap. 622) (“Comp