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].