Financial Performance - The company's total revenue for the fiscal year 2023 decreased by approximately 26.1%, from about HKD 131.6 million in fiscal year 2022 to approximately HKD 97.2 million[4]. - The revenue from the book products segment accounted for about 92.2% of total revenue in fiscal year 2023, with approximately HKD 89.7 million, a decrease of 28.3% compared to HKD 125.0 million in fiscal year 2022[6]. - The net loss for fiscal year 2023 decreased to approximately HKD 3.7 million, compared to a net loss of about HKD 16.5 million in fiscal year 2022[16]. - The company reported a net loss of approximately HKD 3,690,000 for the fiscal year 2023, compared to a loss of approximately HKD 16,500,000 in 2022, representing a significant improvement[49]. - Earnings per share for 2023 was HKD (0.36), a decrease from HKD (1.64) in 2022, indicating a reduction in losses per share[62]. - Total revenue for 2023 was HKD 97,241,000, down from HKD 131,647,000 in 2022, reflecting a decline of approximately 26%[62]. - The cost of sales decreased to HKD (75,690,000) in 2023 from HKD (123,978,000) in 2022, resulting in a gross profit of HKD 21,551,000, compared to HKD 7,669,000 in the previous year[62]. - The gross profit for fiscal year 2023 was approximately HKD 21.6 million, an increase of 181.0% from about HKD 7.7 million in fiscal year 2022[7]. - The gross profit margin increased from 5.8% in fiscal year 2022 to 22.2% in fiscal year 2023[8]. Assets and Liabilities - As of December 31, 2023, the company's total assets were HKD 150.329 million, with shareholders' equity at HKD 126.603 million[21]. - The company held cash and bank balances of approximately HKD 65.6 million as of December 31, 2023, an increase of about 15.0% from HKD 57.1 million on December 31, 2022[21]. - Non-current assets decreased to approximately HKD 35.7 million as of December 31, 2023, down from about HKD 43.3 million on December 31, 2022[23]. - Current assets increased to approximately HKD 114.6 million as of December 31, 2023, compared to HKD 107.0 million on December 31, 2022[23]. - The total lease liabilities of the group as of December 31, 2023, amounted to approximately HKD 6.6 million (as of December 31, 2022: approximately HKD 1.8 million)[25]. - The group's debt-to-equity ratio as of December 31, 2023, was approximately 5.2% (as of December 31, 2022: approximately 1.4%)[25]. - The group maintained a current ratio of approximately 5.8 as of December 31, 2023 (as of December 31, 2022: approximately 5.7)[25]. - The total equity of the group decreased to HKD 126,603,000 in 2023 from HKD 131,607,000 in 2022, a decline of 3.8%[78]. Operational Strategies - The company plans to improve marketing strategies, expand its quality customer base, and promote one-stop printing services to capture new business opportunities[17]. - The company plans to utilize approximately HKD 20.7 million for pharmaceutical-related projects by December 31, 2024, with HKD 13.7 million remaining unutilized as of the announcement date[45]. - The group has no plans for significant acquisitions, disposals, or investments as of the announcement date[36]. - The company did not recommend any final dividend for fiscal year 2023, consistent with fiscal year 2022[107]. Governance and Compliance - The audit committee has reviewed the external auditor's terms of engagement and the financial statements for the fiscal year 2023, ensuring compliance with applicable accounting standards[65]. - The company has implemented high standards of corporate governance and has adhered to the corporate governance code, with a commitment to regular reviews of its governance practices[53]. - The company has maintained a public float of at least 25% of its issued share capital as of the announcement date[58]. Other Financial Information - Total employee costs for the fiscal year 2023 were approximately HKD 34.7 million (fiscal year 2022: approximately HKD 42.4 million)[33]. - The group acquired properties, plants, and equipment for approximately HKD 0.5 million in fiscal year 2023 (fiscal year 2022: HKD 1.1 million)[29]. - The group did not enter into any hedging instruments to mitigate foreign exchange risks during the fiscal year 2023[28]. - The group reported bank interest income of HKD 792,000 in 2023, significantly up from HKD 41,000 in 2022[88]. - The group received government grants totaling HKD 101,000 in 2023, down from HKD 470,000 in 2022[88]. - The group reported a net loss from the sale of property, plant, and equipment of HKD 25,000 in 2023, compared to a gain of HKD 11,000 in 2022[95]. - The company had no non-current assets related to potential investments as of the end of fiscal year 2023, down from HKD 7 million in fiscal year 2022[100]. - Trade receivables at the end of fiscal year 2023 totaled HKD 29.2 million, down from HKD 41.4 million in fiscal year 2022[100]. - The total trade and other payables at the end of fiscal year 2023 amounted to HKD 16.6 million, an increase from HKD 15.6 million in fiscal year 2022[108]. - The average number of ordinary shares weighted for the basic loss per share calculation was 1,020,000 shares in fiscal year 2023, compared to 1,008,164 shares in fiscal year 2022[99]. - The company issued 20 million new shares in August 2022, raising approximately HKD 20.7 million after expenses[110].

Financial Performance - For the six months ended June 30, 2023, the revenue of Smart Globe Holdings Limited was approximately HKD 45.6 million, a decrease of about 35.8% compared to HKD 71.1 million for the same period in 2022[10]. - The loss attributable to owners of the company for the same period was approximately HKD 5.5 million, compared to a loss of HKD 2.4 million in the previous year[10]. - The gross profit for the period was approximately HKD 8.6 million, down 10.4% from HKD 9.6 million in the first half of 2022[14]. - The company recorded a net loss of approximately HKD 5.5 million for the period, compared to a loss of approximately HKD 2.4 million in the first half of 2022[20]. - Total comprehensive loss for the period was HKD 7,097,000, compared to HKD 5,529,000 in the same period last year, reflecting a worsening financial position[77]. - Basic loss per share for the period was HKD 0.54, compared to HKD 0.24 in the same period of the previous year, indicating a higher loss per share[77]. Revenue Breakdown - Revenue from the book products segment accounted for approximately 94.5% of total revenue, with segment revenue decreasing by 37.3% to approximately HKD 43.1 million from HKD 68.8 million in the previous year[13]. - The decline in revenue was primarily attributed to a decrease in customer orders from the United States and Hong Kong for the book products segment[12]. - Revenue for the six months ended June 30, 2023, was HKD 45,629,000, a decrease of 35.9% compared to HKD 71,057,000 in the same period of 2022[77]. - The company experienced a decrease in book product revenue, which fell to HKD 43,122,000 from HKD 68,764,000, representing a decline of 37.4%[96]. - Revenue from Hong Kong decreased to HKD 20,055,000 from HKD 34,034,000, representing a decline of 41.2% year-over-year[98]. Expenses and Costs - Selling and distribution costs decreased by approximately 29.7% to about HKD 3.0 million, down from HKD 4.3 million in the first half of 2022[18]. - Administrative expenses increased by approximately 32.7% to about HKD 10.6 million, compared to HKD 8.0 million in the previous year, mainly due to legal and professional fees related to corporate actions[19]. - Total employee costs for the period amounted to approximately HKD 17.1 million, down from approximately HKD 23.8 million in the first half of 2022[39]. Assets and Liabilities - As of June 30, 2023, total assets were HKD 142.5 million, down from HKD 150.3 million as of December 31, 2022, representing a decrease of approximately 5.2%[26]. - The company's equity decreased to HKD 124.5 million as of June 30, 2023, from HKD 131.6 million as of December 31, 2022[26]. - Non-current assets decreased to HKD 31,953,000 as of June 30, 2023, from HKD 36,318,000 at the end of 2022[80]. - Current assets increased slightly to HKD 110,559,000 from HKD 106,969,000 at the end of 2022, primarily due to an increase in trade and other receivables[80]. - Trade payables as of June 30, 2023, totaled HKD 9,554,000, an increase of 13.5% from HKD 8,425,000 as of December 31, 2022[112]. Corporate Actions and Governance - The company does not recommend the payment of any interim dividend for the six months ended June 30, 2023, consistent with the previous year[10]. - The company announced the termination of the proposed acquisition of a 30% stake in Hubei Kangshizhen Pharmaceutical Technology Co., Ltd. on July 5, 2023[38]. - The company has no significant capital commitments or contingent liabilities as of June 30, 2023[36]. - The company has complied with the corporate governance code, except for the deviation where the Chairman and CEO roles are held by the same person[63]. - The audit committee consists of three independent non-executive directors, ensuring compliance with corporate governance standards[66]. Future Plans and Strategies - The company aims to diversify revenue sources and reduce business risks by improving marketing strategies and expanding its customer base[21]. - The company plans to enhance overall production efficiency through a one-stop printing platform to prepare for future growth opportunities[21]. - The company plans to utilize the net proceeds for pharmaceutical-related projects by December 31, 2023[47]. Shareholder Information - TeraMetal Holdings Limited acquired 750,000,000 shares, representing 73.53% of the issued shares, for a total consideration of HKD 196.05 million[22]. - The company's public float was restored following a placement of up to 154,260,000 shares completed on August 1, 2023[51]. - The company's shares were suspended from trading on June 21, 2023, and resumed trading on August 2, 2023, after meeting the minimum public float requirement[115].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 SMART GLOBE HOLDINGS LIMITED 竣 球 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1481） 截至2023年6月30日止六個月之 中期業績公告 財務概要 — 截至2023年6月30日止六個月，竣球控股有限公司（「本公司」）及其附屬公 司（統稱「本集團」）之收益約為45.6百萬港元（截至2022年6月30日止六個月： 約71.1百萬港元），較截至2022年6月30日止六個月減少約35.8%。 — 截至2023年6月30日止六個月，本公司擁有人應佔虧損約為5.5百萬港元（截 至2022年6月30日止六個月：虧損約2.4百萬港元）。 — 除稅後虧損增加乃主要由於：(i)客戶訂單減少及本集團的毛利較去年同期 下降；(ii)與截至2023年6月30日止六個月開展的企業行動相關的法律及專 業費用增加；及(iii)中國的其他稅項增加。 ...

Financial Performance - Total revenue decreased by approximately 21.6% from HKD 167.9 million in FY21 to HKD 131.6 million in FY22, primarily due to reduced orders from customers in Hong Kong and the United States[11]. - The net loss for FY22 was approximately HKD 16.5 million, compared to a profit of approximately HKD 1.6 million in FY21, attributed to increased paper costs and intensified market competition[11]. - The overall gross margin dropped from approximately 15.8% in FY21 to about 5.8% in FY22, mainly due to rising paper costs that could not be passed on to customers[17]. - Revenue from the book products segment accounted for approximately 95.0% of total revenue in FY22, amounting to about HKD 125.0 million, down from HKD 155.9 million in FY21[11]. - The company reported a loss attributable to shareholders of approximately HKD 16.5 million for the fiscal year 2022, compared to a profit of HKD 1.649 million in 2021[58]. - The earnings per share for fiscal year 2022 was a loss of 1.64 HKD cents, compared to a profit of 0.16 HKD cents in 2021[58]. - Total revenue for the fiscal year 2022 was HKD 131.647 million, a decline of 21.6% from HKD 167.899 million in 2021[60]. Operational Efficiency - The company plans to tighten operational expenditure controls and streamline production processes to maintain competitiveness in the current economic environment[10]. - The company will continue to invest in capacity enhancement to improve overall production efficiency in preparation for future opportunities and potential growth[13]. - The company has adopted strategic measures to lower gross margins in order to gain more market share amidst fierce industry competition[7]. - Distribution costs decreased by approximately 20.4% from approximately HKD 9.5 million in FY21 to approximately HKD 7.6 million in FY22, mainly due to a decline in transportation and freight costs of approximately HKD 1.3 million[21]. - Administrative expenses increased by approximately 20.2% from approximately HKD 15.0 million in FY21 to approximately HKD 18.1 million in FY22, primarily due to an increase in legal and professional fees of approximately HKD 2.9 million[22]. - Financing costs decreased by approximately 41.2% from approximately HKD 0.3 million in FY21 to approximately HKD 0.2 million in FY22, mainly due to a reduction in interest expenses on lease liabilities[23]. Cash and Investments - As of December 31, 2022, the group held cash and bank balances of approximately HKD 57.1 million, an increase of approximately 75.8% from approximately HKD 32.5 million as of December 31, 2021[32]. - The group had no significant capital commitments or contingent liabilities as of December 31, 2022[39][40]. - The group plans to utilize the net proceeds from the placement for potential developments related to the pharmaceutical sector[28]. Employee and Workforce Management - The total employee cost for the fiscal year 2022 was approximately HKD 42.4 million, a decrease of 21% from HKD 53.9 million in fiscal year 2021[45]. - As of December 31, 2022, the group had a total of 319 employees, down from 334 employees in 2021, indicating a reduction of about 4.5%[45]. - The employee turnover rate for the reporting period is 21%, with male turnover at 13% and female turnover at 32%[107]. - 96% of employees received training during the reporting period, with an average training hours per employee of 0.87[115]. - The average training hours for male employees is 0.76, while female employees average 1.04 hours[115]. - The company recorded 7 work-related injuries during the reporting period, with no fatalities reported[110]. Environmental, Social, and Governance (ESG) Initiatives - The board of directors has established several dedicated committees to manage environmental, social, and governance (ESG) matters within the group[62]. - The company emphasizes the importance of effective management of environmental and social issues as a key factor for long-term success in a rapidly changing environment[62]. - The group emphasizes sustainable development and corporate social responsibility, balancing profitability with environmental and social impacts[63]. - The ESG report covers the group's performance in environmental protection, human resources, operational practices, and community engagement for the fiscal year ending December 31, 2022[65]. - The group has identified significant ESG issues that could impact its operations and financial performance, including greenhouse gas emissions and waste management[76]. - The company achieved a reduction in nitrogen oxide emissions by 18%, sulfur oxide emissions by 19%, and particulate matter emissions by 18% compared to the previous reporting period[80]. - Total greenhouse gas emissions decreased from 7,474.89 tons of CO2 equivalent in 2021 to 4,771.85 tons in 2022, representing a 36% reduction in emissions density[82]. - The company generated a total of 28.36 tons of hazardous waste in 2022, down from 43.16 tons in 2021, achieving a 34% reduction in hazardous waste density[85]. - The total amount of packaging materials used decreased significantly from 1,468.72 tons in 2021 to 604.84 tons in 2022, resulting in a packaging material density reduction from 0.05 tons/m² to 0.02 tons/m²[87]. - The company has fully complied with all applicable laws and regulations regarding air emissions and waste management during the reporting period[84]. Corporate Governance - The company adheres to high corporate governance standards to protect shareholder interests and enhance corporate value[150]. - The board consists of three executive directors and three independent non-executive directors, with full attendance recorded for board meetings[165]. - The company encourages all directors to attend at least one training course related to corporate governance each fiscal year[164]. - The board is responsible for overseeing the overall strategy and development of the company, as well as monitoring financial performance[157]. - The company has implemented a policy to reimburse directors for training expenses related to corporate governance and internal controls[164]. - The board has established guidelines to clearly define the responsibilities of the board and management[154]. - The company has mechanisms in place to ensure the board receives independent viewpoints and opinions, with annual reviews of these mechanisms[174].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 SMART GLOBE HOLDINGS LIMITED 竣 球 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1481） 截至2022年12月31日止年度之年度業績公告 財務概要 — 竣球控股有限公司（「本公司」）及其附屬公司（統稱「本集團」）截至2022年12 月31日止年度（「22財年」）之收益約為131.6百萬港元（截至2021年12月31日 止年度（「21財年」）：約167.9百萬港元），較21財年減少約21.6%。 — 本集團22財年之虧損約為16.5百萬港元（21財年：溢利約1.6百萬港元），主 要乃由於(i)22財年全年紙張成本增加，而該成本增加無法轉移至客戶；(ii) 市場競爭激烈導致銷量下降及向客戶提供較低的價格；及(iii)行政開支增加。 — 22財年每股基本虧損約為1.64港仙（21財年：每股基本盈利0.16港仙）。 — 本公司董事（「董事」）會（「董事會 ...

Financial Performance - For the six months ended June 30, 2022, the total revenue of the company was approximately HKD 71.1 million, a decrease of about 8.7% from approximately HKD 77.8 million for the same period in 2021[6]. - The company recorded a loss attributable to owners of approximately HKD 2.4 million for the six months ended June 30, 2022, compared to a profit of approximately HKD 2.3 million for the same period in 2021[6]. - The basic loss per share for the six months ended June 30, 2022, was approximately HKD 0.24, compared to a basic earnings per share of approximately HKD 0.23 for the same period in 2021[6]. - The overall gross profit margin decreased from approximately 18.3% for the six months ended June 30, 2021, to approximately 13.5% for the same period in 2022[15]. - Gross profit for the same period was HKD 9,599 thousand, down 32.5% from HKD 14,251 thousand year-on-year[76]. - The company reported a loss before tax of HKD 2,370 thousand compared to a profit of HKD 2,757 thousand in the previous year[76]. - Total comprehensive loss for the period amounted to HKD 5,529 thousand, contrasting with a comprehensive income of HKD 3,298 thousand in the prior year[76]. Revenue Breakdown - Revenue from the book products segment accounted for approximately 96.8% of total revenue, with segment revenue of approximately HKD 68.8 million, remaining relatively stable compared to approximately HKD 69.4 million in the same period of 2021[11]. - Revenue for the six months ended June 30, 2022, was HKD 71,057 thousand, a decrease of 8.5% from HKD 77,821 thousand in the same period of 2021[76]. - Revenue from book products was HKD 68,764,000, while revenue from paper products and packaging was HKD 2,293,000 for the six months ended June 30, 2022[96]. - Revenue from external customers in Hong Kong increased to HKD 34,034,000 from HKD 30,170,000, representing a growth of 6%[99]. Expenses and Costs - Administrative expenses increased by approximately 12.2% to approximately HKD 8.0 million for the six months ended June 30, 2022, from approximately HKD 7.1 million for the same period in 2021[19]. - The total employee cost for the six months ended June 30, 2022, was approximately HKD 23.8 million, compared to HKD 22.2 million for the same period in 2021[43]. - Financing costs decreased by over 42.8% to approximately HKD 0.1 million for the six months ended June 30, 2022, from approximately HKD 0.2 million for the same period in 2021[22]. Assets and Liabilities - As of June 30, 2022, the group held cash and bank balances of approximately HKD 36.1 million, an increase of about 11.3% from HKD 32.5 million as of December 31, 2021[28]. - As of June 30, 2022, the group's current assets were approximately HKD 114.4 million, including inventory of about HKD 34.2 million and trade and other receivables of approximately HKD 40.9 million[28]. - The group's current liabilities as of June 30, 2022, were approximately HKD 26.9 million, with trade and other payables accounting for about HKD 23.7 million[29]. - The group's net current assets decreased by approximately HKD 2.3 million or about 2.5% to approximately HKD 87.5 million as of June 30, 2022[29]. - The group's debt-to-equity ratio was approximately 2.5% as of June 30, 2022, compared to 3.0% as of December 31, 2021[30]. - The company’s total liabilities increased to HKD 26,895 thousand from HKD 23,564 thousand as of December 31, 2021[80]. - The net asset value decreased to HKD 128,352 thousand from HKD 133,881 thousand at the end of 2021[80]. Shareholder Information - As of June 30, 2022, the major shareholder "精智" holds 675,000,000 shares, representing 67.5% of the company's issued share capital[55]. - The shareholder "Fortune Corner" owns 75,000,000 shares, accounting for 7.5% of the company's issued share capital[55]. Corporate Governance - The company has complied with the corporate governance code, except for the deviation where the Chairman and CEO roles are held by the same individual[61]. - All independent non-executive directors attended the annual general meeting held on May 13, 2022, ensuring a fair understanding of shareholder opinions[64]. - The audit committee consists of three independent non-executive directors, ensuring compliance with corporate governance standards[67]. - The company has adopted the trading standards outlined in the listing rules for securities transactions by directors[66]. Investments and Acquisitions - The group did not engage in any significant investments or acquisitions during the six months ended June 30, 2022[40][42]. - The group acquired property, plant, and equipment for approximately HKD 1.1 million for the six months ended June 30, 2022, down from HKD 7.0 million for the same period in 2021[35]. - The company has entered into a subscription agreement to acquire 30% of Hubei Kangshizhen Pharmaceutical Technology Co., Ltd. for HKD 30,000,000, with a conditional payment of HKD 7,000,000 at an annual interest rate of 5%[124]. - The company raised approximately HKD 21,000,000 from the placement of 20,000,000 new shares at HKD 1.05 per share, which represents about 1.96% of the issued share capital post-placement[125]. Compliance and Review - The financial statements for the six months ending June 30, 2022, have been reviewed and found to comply with the relevant accounting standards[72]. - The company has not reported any significant issues that would indicate non-compliance with the accounting standards during the review[72]. - The company continues to focus on its core business of printing book products and packaging, with no significant changes in accounting policies affecting financial performance[95].

Financial Performance - Total revenue increased by approximately 32.0% from about HKD 127.2 million in FY20 to about HKD 167.9 million in FY21, primarily due to increased sales in the book products segment in the US and Hong Kong[24]. - Net profit decreased by approximately 89.7%, from about HKD 16.0 million in FY20 to about HKD 1.6 million in FY21, attributed to rising labor and paper costs, and a shift to more competitive pricing strategies[24]. - The book products segment accounted for approximately 92.9% of total revenue, reaching about HKD 155.9 million in FY21, up from about HKD 105.7 million in FY20[24]. - Gross margin decreased from approximately 36.1% in FY20 to about 15.8% in FY21, primarily due to increased labor costs, paper costs, and a pricing strategy aimed at gaining market share[31]. - Other income fell by 35.0% from approximately HKD 0.7 million in FY20 to about HKD 0.5 million in FY21, mainly due to a reduction in government subsidies[32]. - Distribution costs rose by approximately 35.3% from about HKD 7.0 million in FY20 to approximately HKD 9.5 million in FY21, driven by increased transportation and freight costs due to higher sales volume[35]. - Administrative expenses increased by approximately 15.0% from about HKD 13.1 million in FY20 to approximately HKD 15.0 million in FY21, mainly due to higher office, maintenance, and depreciation costs[36]. - Net profit for FY21 was approximately HKD 1.6 million, a significant decrease from approximately HKD 16.0 million in FY20[41]. - Cash and bank balances decreased by approximately 36.1% from about HKD 50.8 million as of December 31, 2020, to approximately HKD 32.5 million as of December 31, 2021[47]. - Current assets decreased by approximately 4.9% to about HKD 89.8 million as of December 31, 2021, from approximately HKD 94.4 million as of December 31, 2020[48]. - Capital expenditure for FY21 was approximately HKD 8.1 million, up from HKD 4.3 million in FY20[53]. - The company did not make any significant acquisitions or disposals of subsidiaries, associates, or joint ventures in FY21[61]. - The group reported earnings per share of HKD 0.16 for the fiscal year 2021, a decrease from HKD 1.60 in 2020[75]. Employee and Workforce - The total number of employees in the group as of December 31, 2021, was 334, an increase from 326 in 2020[62]. - Employee costs for the fiscal year 2021 amounted to approximately HKD 53.9 million, compared to about HKD 24.5 million in the fiscal year 2020, reflecting a significant increase[62]. - The number of employees at the Heyuan factory as of December 31, 2021, was 322, up from 315 in 2020[63]. - Employee turnover rate for the reporting period was 24%, with male turnover at 20% and female turnover at 28%[129]. - The turnover rate for employees under 25 years old was 43%, while for those aged 30-50 it was 16%[129]. - The workforce consisted of 334 full-time employees, with a gender distribution of 44% male and 56% female[126]. - The employee training completion rate by gender is 55% male and 45% female[136]. - Average training hours per employee are 0.66 for males and 0.74 for females[136]. - The average training hours for junior employees is 0.85, for intermediate employees is 0.49, and for management is 0.87[136]. - The company recorded 9 work-related injuries during the reporting period, with no fatalities, resulting in a total of 139 lost workdays[132]. - The company has implemented safety measures and training programs, achieving ISO 45001 certification for occupational health and safety[132]. Environmental, Social, and Governance (ESG) - The company emphasizes the importance of prudent environmental and social management for sustainable economic growth[85]. - The board of directors is responsible for overseeing the company's ESG-related risks and opportunities, and has established dedicated committees for managing ESG matters across business segments[85]. - The ESG working group, composed of senior management, assists the board in executing ESG strategies and monitoring performance, reporting biannually to the board[85]. - The company has conducted a comprehensive review of its existing policies and practices in preparing the ESG report, covering operations in its factory in Heyuan, Guangdong, and its Hong Kong office[81]. - The report outlines the company's commitment to balancing profitability with environmental and social impacts, engaging with stakeholders to meet their expectations[81]. - The company has identified significant ESG issues that may impact its operations and financial performance, including those related to its offices and factories in Hong Kong and China[95]. - The company aims to continuously improve its ESG strategies and maintain close communication with stakeholders to enhance product and service quality[90]. - The ESG report is prepared in accordance with global, local, and industry standards, including the Hong Kong Stock Exchange's guidelines[83]. - The company achieved a reduction in nitrogen oxide emissions from 21,222.30 grams in 2020 to 15,390.15 grams in 2021, representing a decrease of approximately 27%[101]. - Sulfur oxide emissions decreased from 277.54 grams in 2020 to 97.02 grams in 2021, a reduction of about 65%[101]. - The total greenhouse gas emissions from vehicle fuel combustion dropped from 44.557 tons of CO2 in 2020 to 15.576 tons in 2021, a decrease of approximately 65%[102]. - Carbon emissions from purchased electricity decreased from 8,046.42 tons in 2020 to 7,457.03 tons in 2021, a reduction of approximately 7%[106]. - The total hazardous waste generated increased from 9.61 tons in 2020 to 43.16 tons in 2021, an increase of approximately 348%[111]. - The total amount of packaging materials used rose from 948.25 tons in 2020 to 1,468.72 tons in 2021, an increase of about 55%[113]. - The company aims to reduce electricity consumption by 10% over the next three years, targeting a more environmentally friendly working environment[106]. - The hazardous waste density increased from 0.00036 tons per square meter in 2020 to 0.00160 tons per square meter in 2021[111]. - Water consumption decreased from 181,834.00 cubic meters in 2020 to 166,907.40 cubic meters in 2021, achieving a reduction of approximately 8.5%[118]. - The density of water consumption per square meter improved from 6.68 cubic meters/square meter in 2020 to 6.13 cubic meters/square meter in 2021, a decrease of about 8.5%[118]. - The company aims to maintain or reduce total water consumption to a density of 6.0 cubic meters/square meter in the next reporting year[118]. Corporate Governance - The company has adhered to the corporate governance code during the fiscal year 2021, with exceptions noted regarding the appointment terms of independent non-executive directors and the dual role of the chairman and CEO[181]. - The board is committed to high standards of corporate governance to protect shareholder interests and enhance corporate value[180]. - The board has reviewed the internal control system to ensure its effectiveness and adequacy, focusing on financial, operational, and risk management controls[182]. - The company has implemented anti-corruption policies and measures to prevent bribery, extortion, fraud, and money laundering[172]. - Key performance indicators related to anti-corruption training provided to directors and employees have been established[175]. - The company has focused its community investment efforts on areas such as education, health, and environmental issues[177]. - Resources allocated to community investment initiatives have been documented, emphasizing the company's commitment to social responsibility[178]. - The board has a structured approach to monitor and approve significant transactions and conflicts of interest involving major shareholders or directors[188]. - Continuous professional development programs for directors are encouraged to ensure they remain informed about their responsibilities and regulatory changes[190]. - The company has made appropriate insurance arrangements for legal liabilities faced by its directors and senior officers[187]. - The board consists of three executive directors and three independent non-executive directors, with all directors attending at least one board meeting during the fiscal year 2021[196]. - All independent non-executive directors have confirmed their independence according to listing rules, ensuring compliance with financial reporting standards[197]. - The company encourages continuous professional development for directors, ensuring they stay updated on corporate governance practices[195]. - The board has adopted a diversity policy, reviewing its composition annually to ensure a balance of skills and perspectives[200]. - The company has implemented a policy to reimburse directors for training expenses related to corporate governance and internal controls[195]. - The board members possess diverse backgrounds in management, accounting, finance, marketing, production, and procurement, aligning with the company's business needs[199]. - The company ensures that changes in board composition do not disrupt its operations, maintaining necessary skills and integrity among members[200]. - The board's diversity policy considers various factors, including gender, age, cultural background, and professional experience[200]. - The company has appointed a new chairman for the nomination committee effective December 31, 2021, reflecting changes in board leadership[196]. - All independent non-executive directors attended the annual general meeting held on May 7, 2021, demonstrating their commitment to shareholder engagement[197]. Community Engagement and Social Responsibility - The company donated HKD 80,000 to the Hong Kong Aberdeen District Community Service Centre, which provides welfare and social services to the elderly, children, youth, and families in the South District of Hong Kong[154]. - The company has established a whistleblowing policy to encourage employees to report any suspicious fraudulent activities, ensuring protection against retaliation for good faith reports[150]. - The company strictly prohibits the use of forced labor and child labor, with no incidents reported during the reporting period[139]. - The company has not faced any lawsuits related to intellectual property infringement during the reporting period[149]. - The company provided anti-corruption training for employees during the reporting period, with no known or reported cases of corruption or money laundering[151].

Financial Performance - For the six months ended June 30, 2021, the group's revenue was approximately HKD 77.8 million, an increase of about 39.1% compared to HKD 56.0 million for the same period in 2020[15]. - The profit attributable to owners for the six months ended June 30, 2021, was approximately HKD 2.3 million, a decrease of about 8.4% from HKD 2.5 million for the same period in 2020, primarily due to intense market competition and rising production costs[15]. - The basic earnings per share for the six months ended June 30, 2021, was approximately HKD 0.23, compared to HKD 0.25 for the same period in 2020[15]. - The gross profit margin decreased from approximately 28.0% for the six months ended June 30, 2020, to approximately 18.3% for the same period in 2021, mainly due to reduced product prices and increased production costs[25]. - The net profit for the announcement period was approximately HKD 2.3 million[35]. - The company reported a total comprehensive income of HKD 3,298,000 for the six months ended June 30, 2021[112]. - The operating profit before tax for the six months ended June 30, 2021, was HKD 2,757,000, down 23% from HKD 3,580,000 in the previous year[120]. - The net cash used in operating activities for the six months ended June 30, 2021, was HKD 16,237,000, compared to a cash generated of HKD 4,086,000 in the same period of 2020[120]. Revenue Breakdown - Revenue from the book products segment accounted for approximately 89.2% of total revenue, with segment revenue increasing by about 43.8% to approximately HKD 69.4 million from HKD 48.3 million in the same period last year[20]. - Revenue for the six months ended June 30, 2021, was HKD 77,821,000, representing a 39% increase from HKD 55,953,000 in the same period of 2020[129]. - The revenue from book products was HKD 69,419,000, up 44% from HKD 48,290,000 year-over-year[129]. - Revenue from external customers in Hong Kong increased to HKD 30,170,000, a 93% increase from HKD 15,604,000 in the previous year[131]. - Revenue from the United States decreased to HKD 26,870,000, down 17% from HKD 22,932,000 year-over-year[131]. Expenses and Costs - Distribution costs increased by approximately 39.1% to about HKD 4.5 million from HKD 3.2 million, primarily due to increased transportation and freight costs[29]. - Administrative expenses increased by approximately 3.5% to about HKD 7.1 million from HKD 6.9 million, with no significant fluctuations[32]. - The total employee cost for the six months ended June 30, 2021, was approximately HKD 22.2 million, an increase from approximately HKD 13.9 million for the same period in 2020[61]. - The depreciation of property, plant, and equipment increased to HKD 3,668,000 from HKD 2,878,000 in the previous year[120]. Assets and Liabilities - As of June 30, 2021, the company had cash and bank balances of approximately HKD 21.5 million, a decrease of about 57.7% from approximately HKD 50.8 million as of December 31, 2020, primarily due to increased purchases of raw materials, properties, and equipment, as well as dividend payments[40]. - The company's current assets as of June 30, 2021, were approximately HKD 126.2 million, which included inventory of approximately HKD 44.4 million and trade and other receivables of approximately HKD 59.9 million[40]. - The company's current liabilities as of June 30, 2021, were approximately HKD 38.5 million, resulting in a net current asset value decrease of about HKD 6.7 million or approximately 7.1%[41]. - The company's total assets as of June 30, 2021, were HKD 126,246,000, compared to HKD 117,280,000 as of December 31, 2020[102]. - The total trade and other receivables as of June 30, 2021, amounted to HKD 59,925,000, an increase of 37.5% from HKD 43,598,000 as of December 31, 2020[143]. Taxation and Dividends - The company's income tax expense decreased by 56.1% from approximately HKD 1.1 million for the six months ended June 30, 2020, to approximately HKD 0.5 million for the six months ended June 30, 2021, mainly due to a reduction in taxable profits during the announcement period[34]. - The income tax expense for the six months ended June 30, 2021, was HKD 480,000, a decrease of 56.1% from HKD 1,094,000 in the same period of 2020[135]. - The company did not declare any interim dividends for the six months ended June 30, 2021[50]. - The company declared a final dividend of HKD 0.005 per share for the year ended December 31, 2020, totaling HKD 5,000,000, compared to HKD 4,000,000 for the previous year, marking a 25% increase[137]. Corporate Governance - The company confirmed compliance with the corporate governance code, except for certain deviations regarding the appointment of non-executive directors and the chairperson's role[77][80]. - All independent non-executive directors attended the annual general meeting held on May 6, 2021, ensuring they understood shareholders' opinions[81]. - The company has adopted the trading code of conduct as per the listing rules, and all directors confirmed compliance for the six months ending June 30, 2021[84]. Shareholder Information - The major shareholders include 精智有限公司 holding 675,000,000 shares, representing 67.5% of the company's issued share capital, and Fortune Corner Holdings Limited holding 75,000,000 shares, representing 7.5%[67][68]. - The total issued and paid-up share capital as of June 30, 2021, is 1,000,000,000 shares at HKD 0.01 each[152].

Financial Performance - Total revenue for the fiscal year 2020 decreased by approximately 3.8% to around HKD 127.2 million from HKD 132.2 million in the fiscal year 2019[30]. - Profit for the fiscal year 2020 was approximately HKD 16.0 million, a decrease of about 30.9% compared to HKD 23.1 million in the fiscal year 2019, primarily due to one-time professional fees of HKD 5.8 million related to the transfer to the main board[30]. - Revenue from the book products segment accounted for approximately 83.1% of total revenue, reaching about HKD 105.7 million, compared to HKD 109.3 million in the fiscal year 2019[30]. - Revenue decreased by approximately 3.8% from HKD 132.2 million in FY19 to HKD 127.2 million in FY20, primarily due to a reduction in orders from customers in Hong Kong and the UK[36]. - Overall gross margin decreased from approximately 37.8% in FY19 to 36.1% in FY20, mainly due to intensified market competition in FY20[37]. - Other income fell by 57.7% from approximately HKD 1.6 million in FY19 to HKD 0.7 million in FY20, primarily due to a decrease in government subsidies[38]. - Profit for FY20 was approximately HKD 16.0 million, down from HKD 23.1 million in FY19[48]. - Proposed final dividend for FY20 is HKD 0.005 per share, totaling HKD 5.0 million, compared to HKD 4.0 million in FY19[50]. - The total employee cost for the fiscal year 2020 was approximately 24.5 million HKD, a decrease from 27.4 million HKD in the previous fiscal year, representing a reduction of about 10.6%[70]. - Total profit attributable to the company's owners for the fiscal year 2020 was approximately 16,001,000 HKD, compared to 23,142,000 HKD in 2019, indicating a decline of about 30.7%[87]. Operational Strategies - The company plans to strengthen marketing strategies to expand its quality customer base and promote its one-stop printing services to existing and potential customers in the coming year[32]. - The company aims to further tighten operational expenditure control and streamline production processes while continuing to invest in capacity enhancement to improve overall production efficiency[32]. - The company has reallocated resources to optimize employee structure and streamline production processes in response to increasing demand for high-value products[23]. - The company will continue to focus on maximizing brand value and gaining greater market share in the printing industry amid increasing external competition and internal challenges[23]. - The company plans to continue exploring new business opportunities in various markets and aims to enhance its customer base through strategic measures and increased marketing efforts[49]. Market Contributions - The company recorded revenue contributions from the United States, China (including Hong Kong), the United Kingdom, and the Netherlands, accounting for 23.4%, 44.1%, 8.8%, and 10.5% of total revenue, respectively[31]. ESG and Sustainability - The company emphasizes the importance of prudent environmental and social management for sustainable economic growth[96]. - The board of directors is responsible for overseeing the company's ESG-related risks and opportunities, as well as setting and adopting ESG strategies and goals[96]. - An ESG working group has been established to assist the board in managing and monitoring ESG matters on a daily basis[100]. - The company aims to balance profitability with environmental and social impacts while actively engaging with stakeholders[91]. - The ESG report covers the company's performance in environmental protection, human resources, operational practices, and community engagement for the fiscal year ending December 31, 2020[94]. - The company has committed to continuous improvement in its ESG strategies based on stakeholder feedback and expectations[91]. - The report includes data and information from the company's factory in Heyuan, Guangdong Province, and its Hong Kong office[91]. - The board will continue to review progress against set goals and indicators to enhance the company's sustainability[99]. - The company has established a governance framework to strengthen the management of ESG issues[100]. - Stakeholder engagement is considered crucial for the company's ongoing business success, with efforts made to enhance understanding and communication[101]. Environmental Impact - The company reported a significant reduction in nitrogen oxide emissions, decreasing from 345,844.73 grams in 2019 to 21,222.30 grams in 2020, representing a reduction of approximately 94.1%[110]. - Sulfur oxide emissions also saw a decline from 423.62 grams in 2019 to 277.54 grams in 2020, a decrease of about 34.5%[110]. - The total hazardous waste generated increased from 5.80 tons in 2019 to 9.61 tons in 2020, marking a rise of approximately 65.5%[120]. - The company planted 370 trees at its Heyuan factory, which is expected to reduce greenhouse gas emissions by 8.51 tons[111]. - The total electricity consumption rose from 9,008,627 kWh in 2019 to 10,005,249 kWh in 2020, an increase of about 11.1%[115]. - Carbon emissions from electricity consumption decreased slightly from 8,268.82 tons in 2019 to 8,046.42 tons in 2020, a reduction of approximately 2.7%[115]. - The company achieved a carbon emission density of 0.30 tons of CO2 equivalent per square meter in 2020, compared to 0.28 tons in 2019[115]. - The total area of buildings decreased from 29,517.1 square meters in 2019 to 27,034.1 square meters in 2020, a reduction of about 8.4%[120]. - The company has fully complied with all applicable laws and regulations regarding air emissions and greenhouse gas emissions during the reporting period[109]. - The company has implemented waste reduction strategies at the source to minimize the generation of hazardous and non-hazardous waste[120]. - Total packaging materials used increased to 948.25 tons in 2020 from 901.92 tons in 2019, representing a growth of approximately 5.9%[121]. - Water consumption decreased to 181,834 cubic meters in 2020 from 217,887 cubic meters in 2019, a reduction of about 16.5%[128]. - The density of water consumption improved to 6.68 cubic meters per square meter in 2020 from 7.33 cubic meters per square meter in 2019[128]. - The company emphasizes collaboration with environmentally responsible suppliers to mitigate natural resource consumption in the supply chain[129]. - The company has established a set of energy and water conservation regulations to enhance employee awareness and reduce long-term consumption[126]. - The total building area decreased to 27,034.10 square meters in 2020 from 29,517.10 square meters in 2019, indicating a reduction of approximately 8.4%[121]. - The company continues to monitor climate-related risks and has taken measures to manage potential energy consumption increases due to high temperatures[132]. Employee Management - Employee turnover rate for the reporting period was 28%, with the highest turnover occurring in the 30-39 age group at 32%[140]. - The total number of full-time employees as of December 31, 2020, was 326, with a gender distribution of 42% male and 58% female[138]. - The company implemented energy-saving measures, including limiting air conditioning use and prioritizing energy-efficient equipment purchases[122]. - The company has implemented safety measures and established a safety management system to ensure a safe working environment, achieving ISO 45001 certification for occupational health and safety[143]. - There were no recorded work-related deaths or lost workdays due to injuries over the past three reporting periods[144]. - Employee training participation rates are as follows: 56% male and 44% female[148]. - Average training hours per employee by gender: males 0.63 hours, females 0.73 hours; by employment level: junior 0.80 hours, intermediate 0.48 hours, management 0.86 hours[149]. - The company strictly adheres to labor laws in China and Hong Kong, ensuring no child or forced labor is employed[150]. Corporate Governance - The company has not established a nomination committee as per corporate governance code requirements, with the current chair being an executive director[194]. - The board will continue to monitor and update corporate governance practices to ensure compliance with the governance code[197]. - The board is responsible for overseeing the overall strategy and development of the company, including continuous monitoring and improvement of internal control policies and financial performance evaluation[198]. - Independent non-executive directors provide independent judgment on the group's development, performance, and risk management during board meetings[198]. - The board has established guidelines to clearly define the responsibilities of the board and management, including the approval of significant financial, technical, or human resource investments[198]. - The board must approve major changes to the company's overall policies and objectives, as well as any significant changes to corporate plans[198]. - The company has made appropriate insurance arrangements for its directors and senior officers against potential legal claims[200].