Financial Performance - The company's revenue for 2024 decreased by approximately 6% to HKD 525,600,000 from HKD 558,000,000 in 2023[3] - The net profit after tax slightly increased by 3% to HKD 34,200,000 in 2024, compared to HKD 33,300,000 in 2023[3] - Direct operating costs were reduced by 7% to HKD 412,600,000 in 2024, contributing to a 5% increase in profit before tax to HKD 49,600,000[8] - Gross profit decreased slightly by HKD 700,000 or about 0.6% to HKD 112,900,000, while the gross profit margin improved from approximately 20.4% to 21.5%[11] - Other income increased by approximately 23.5% to HKD 9,300,000, primarily due to improved interest income from fixed deposits[12] - The company's total comprehensive income for the year was HKD 32,766,000, with a profit of HKD 33,333,000 attributed to owners[148] - Basic earnings per share increased to HKD 6.87 from HKD 6.68, representing a growth of 2.8%[143] - The company reported a total comprehensive income of HKD 9,239,000 for the year, significantly lower than HKD 32,766,000 in the previous year, primarily due to foreign exchange losses[143] Cost Management - Administrative expenses decreased by approximately 4.3% to HKD 37,900,000, attributed to a reduction in administrative staff and no significant bad debt expenses[14] - Financial expenses decreased by approximately 46.6% to HKD 700,000 due to the expiration of several machinery lease contracts[15] - The management team will continue to focus on cost control and operational collaboration to respond dynamically to challenges in the publishing sector[9] - The company plans to continue focusing on operational efficiency and cost management to enhance profitability in the upcoming fiscal year[142] Assets and Liabilities - The company's net current assets increased to approximately HKD 201,200,000 as of December 31, 2024, compared to HKD 192,300,000 in 2023[18] - As of December 31, 2024, the current ratio of the group is approximately 3.8 times, an improvement from 3.0 times in 2023, indicating a stronger liquidity position[19] - The group's interest-bearing debt as of December 31, 2024, is approximately HKD 10,600,000, down from HKD 18,600,000 in 2023, reflecting a reduction in financial leverage[19] - The capital debt ratio is approximately 3.8% as of December 31, 2024, compared to 6.5% in 2023, demonstrating improved capital structure[19] - Current liabilities were reduced to HKD 71,898,000 from HKD 95,786,000, a decrease of 25.0%, improving the company's liquidity position[144] Workforce and Employment - The group employed 319 full-time employees as of December 31, 2024, a decrease from 329 employees in 2023, reflecting a potential adjustment in workforce strategy[25] - The board currently has one female director and aims to maintain female representation on the board[96] - The remuneration committee held one meeting in 2024 to review the compensation policy and structure, determining the annual salary packages for executive directors and senior management[113] Market and Industry Outlook - The outlook for 2025 remains cautious due to geopolitical uncertainties affecting domestic confidence and demand[4] - The company is facing overall market decline, which may lead to reduced demand for printing products and services, impacting financial performance[48] - The rise of electronic media and devices may impact the demand for printed products, affecting the need for the company's printing solutions and services[45] Corporate Governance - The board of directors is responsible for leading and overseeing the overall strategy and policies of the group[92] - The company has adopted corporate governance measures to manage potential conflicts of interest related to Mr. Celarc's interests in Ligare (NZ), which ceased operations in March 2025[76] - The company has established a strong corporate governance framework to ensure a balance of power and authority among its board members[105] Environmental and Social Responsibility - The company is committed to sustainable operations, balancing the interests of stakeholders including customers, suppliers, and employees[50] - The company has a commitment to improving ecological performance through responsible resource use and compliance with environmental laws[51] - There were no significant non-compliance issues with environmental regulations during the year[51] Financial Reporting and Compliance - The independent auditor's report confirms that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2024, in accordance with international financial reporting standards[129] - The group must ensure that the financial statements are prepared in accordance with International Financial Reporting Standards and reflect a true and fair view[138] - The audit committee assists the board in overseeing the financial reporting process[139] Shareholder Information - The company reported a mid-term dividend of HKD 0.04 per share for the year ending December 31, 2024, consistent with the previous year's final dividend[54] - As of December 31, 2024, the company's distributable reserves amounted to approximately HKD 201.9 million, an increase from HKD 189.5 million as of December 31, 2023[56] - The company has maintained a sufficient public float, with at least 25% of its issued shares held by the public as of the report date[80]

Financial Performance - For the fiscal year ending December 31, 2024, the total revenue was HKD 525,583,000, a decrease of 5.8% from HKD 558,038,000 in 2023[3] - Gross profit for the same period was HKD 112,937,000, slightly down from HKD 113,615,000, reflecting a gross margin of approximately 21.5%[3] - The net profit for the year was HKD 34,246,000, representing an increase of 2.7% compared to HKD 33,333,000 in the previous year[4] - The total comprehensive income for the year was HKD 9,239,000, significantly lower than HKD 32,766,000 in 2023, primarily due to a foreign exchange loss of HKD 25,007,000[4] - Basic earnings per share increased to HKD 6.87 from HKD 6.68, marking a growth of 2.8%[4] - The profit before tax for the group was HKD 49,560,000 in 2024, up from HKD 47,127,000 in 2023, indicating an increase of approximately 5.2%[19] - The total operating expenses for the group were HKD 452,833,000 in 2024, compared to HKD 485,422,000 in 2023, reflecting a reduction of about 6.7%[20] - Total other income and gains for 2024 amounted to HKD 9,294,000, an increase from HKD 7,526,000 in 2023, with notable contributions from bank interest income of HKD 3,581,000 (2024) compared to HKD 1,185,000 (2023)[27] - The total tax expense for the group in 2024 was HKD 15,314,000, compared to HKD 13,794,000 in 2023, reflecting an increase in tax obligations[29] Assets and Liabilities - Total assets decreased to HKD 273,109,000 from HKD 288,116,000, a decline of 5.2% year-over-year[5] - Current liabilities were reduced to HKD 71,898,000 from HKD 95,786,000, a decrease of 25.0%[5] - The total equity as of December 31, 2024, was HKD 276,845,000, down from HKD 287,553,000, a decrease of 3.0%[5] - The total trade and other payables decreased to HKD 28,138,000 as of December 31, 2024, down from HKD 42,708,000 in 2023, indicating a reduction of about 34.2%[43] - Lease liabilities decreased to HKD 10,649,000 as of December 31, 2024, down from HKD 18,559,000 in 2023, reflecting a decline of approximately 42.7%[44] - The goodwill as of December 31, 2023, is HKD 12,303,000, which decreased to HKD 11,270,000 by December 31, 2024, indicating a reduction of about 8.4%[38] Cash Flow and Financial Position - The company's cash and cash equivalents increased to HKD 111,343,000 from HKD 85,514,000, reflecting a growth of 30.3%[5] - The current ratio improved to approximately 3.8 times in 2024 from 3.0 times in 2023[58] - The group maintained a healthy capital debt ratio of approximately 3.8% in 2024, down from 6.5% in 2023[58] - The group regularly monitors its liquidity needs and maintains sufficient cash reserves to meet both short-term and long-term funding requirements[59] Operational Highlights - The company plans to continue focusing on market expansion and new product development to drive future growth[8] - The management team plans to continue focusing on cost control and operational collaboration in response to market challenges[49] - The group has maintained a strong capital base to ensure investor, creditor, and market confidence, balancing higher returns with higher debt levels[61] - The group employed 319 full-time employees as of December 31, 2024, down from 329 in 2023, with competitive compensation and performance-based rewards[67] Segment Performance - The total external revenue for the Printing Solutions and Services segment was HKD 525,583,000 in 2024, a decrease from HKD 558,038,000 in 2023, representing a decline of approximately 5.8%[20] - The EBITDA for the Printing Solutions and Services segment was HKD 88,465,000 in 2024, compared to HKD 88,242,000 in 2023, showing a slight increase of 0.3%[20] - The group has identified a single reporting segment, which is the Printing Solutions and Services, focusing on digital and offset printing along with related business services[17] Dividend and Shareholder Returns - The group declared a final dividend of HKD 0.04 per share for the fiscal year 2024, totaling HKD 19,947,000, compared to no dividends in 2023[31] - The board has proposed an interim dividend of HKD 0.04 per share for the year ending December 31, 2024, consistent with the previous year's final dividend[68] Compliance and Standards - The company plans to adopt all relevant new or revised International Financial Reporting Standards (IFRS) after their effective date, with no significant financial impact expected from the initial application of these standards[13] - The company is currently evaluating the impact of newly issued or revised IFRS on its financial statements, with preliminary conclusions suggesting minimal financial impact except for IFRS 18[13] Customer and Market Insights - Major customers contributing over 10% to the group's revenue included Customer A with HKD 91,895,000 (2024) and HKD 98,143,000 (2023), Customer B with HKD 80,095,000 (2024) and HKD 80,533,000 (2023), and Customer C with HKD 62,040,000 (2024) and HKD 58,670,000 (2023)[23] - The group’s revenue and non-current assets are primarily located in Australia, indicating a concentrated market presence[18] Other Financial Metrics - Direct operating costs were reduced by 7% to HKD 412,600,000 in 2024[48] - Administrative expenses decreased by about 4.3% to HKD 37,900,000 in 2024 from HKD 39,600,000 in 2023[54] - Financial expenses decreased by approximately 46.6% to HKD 700,000 in 2024 from HKD 1,400,000 in 2023[55] - The group received a government subsidy of HKD 359,000 in 2023 for solar panel installation as part of energy efficiency improvement projects[24]

Financial Performance - Revenue for the six months ended June 30, 2024, decreased by approximately 4.3% to about HKD 252,400,000 compared to the previous period[6] - Profit before tax increased by approximately 36.9% to about HKD 15,200,000, mainly due to administrative and financial efficiency improvements[6] - Gross profit for the six months ended June 30, 2024, was approximately HKD 45,700,000, with a slight improvement in gross margin from 17.4% to 18.1%[7] - The group's revenue for the six months ended June 30, 2024, was approximately HKD 252,358,000, a decrease of 4.3% compared to HKD 263,769,000 for the same period in 2023[12] - Gross profit for the same period was HKD 45,737,000, slightly down from HKD 45,909,000, resulting in a gross margin of approximately 18.1%[12] - The company reported a profit before tax of HKD 15,212,000 for the six months ended June 30, 2024, compared to HKD 11,111,000 for the same period in 2023, reflecting a year-on-year increase of 36.5%[12] - Basic earnings per share for the period was HKD 0.021, an increase from HKD 0.015 in the previous year, representing a growth of 40%[12] - The total comprehensive income for the six months ended June 30, 2024, was HKD 4,445,000, compared to HKD 1,448,000 for the same period in 2023, representing an increase of approximately 207%[14] Cost Management - Direct operating costs reduced by approximately 5.2% to about HKD 206,600,000 for the same period[6] - Administrative expenses decreased by approximately 18.4% to about HKD 18,000,000 for the same period[7] - Sales and distribution costs increased by approximately 2.0% to about HKD 16,600,000, attributed to rising fuel costs and increased transportation volume[7] - The company's operating expenses for the Printing Solutions and Services segment were HKD 220,667,000 for the six months ended June 30, 2024, down from HKD 234,082,000 in the same period of 2023, a reduction of about 5.7%[25][26] Cash Flow and Financial Position - The net cash position as of June 30, 2024, was approximately HKD 185,027,000, compared to HKD 192,330,000 as of December 31, 2023, indicating a decrease in net current assets[13] - The current ratio improved to approximately 3.4 times as of June 30, 2024, up from 3.0 times as of December 31, 2023, due to better trade receivables collection[9] - The net cash inflow from operating activities for the six months ended June 30, 2024, was HKD 42,940,000, slightly up from HKD 42,912,000 in 2023, indicating stable operational performance[16] - The company’s cash and cash equivalents increased to HKD 94,203,000 as of June 30, 2024, compared to HKD 62,404,000 in 2023, representing a growth of approximately 50.9%[16] Investments and Capital Expenditure - Capital expenditure during the period was approximately HKD 1,000,000, a decrease from HKD 7,800,000 in the previous year, indicating a reduction in investment in property, plant, and equipment[11] - The company has capital commitments of HKD 988,000 for the acquisition of properties, plants, and equipment as of June 30, 2024, compared to HKD 770,000 as of December 31, 2023, indicating an increase of about 28%[39] Debt and Equity - The capital debt ratio as of June 30, 2024, was approximately 6.0%, down from 6.5% as of December 31, 2023, reflecting a decrease in interest-bearing debt relative to total equity[9] - The total equity as of June 30, 2024, was HKD 272,051,000, down from HKD 256,235,000 as of June 30, 2023, indicating a year-over-year increase of about 6.2%[15] - The company’s retained earnings increased to HKD 56,069,000 as of June 30, 2024, compared to HKD 39,776,000 in the previous year, marking a growth of approximately 40%[15] Operational Focus and Strategy - The company continues to invest in equipment to enhance capacity and productivity in the professional, education, and government printing markets[6] - The company is focused on identifying and implementing synergy opportunities to improve efficiency in the reading book market[6] - The Printing Solutions and Services segment provides a range of services including digital asset management and on-demand printing, indicating a focus on expanding service capabilities[21] - The company has identified a single reportable segment, which is the Printing Solutions and Services, reflecting a streamlined operational focus[21] Market Outlook - Future outlook indicates continued economic weakness in Australia, with consumer demand expected to remain soft due to high inflation and interest rates[6] Employee and Management Information - As of June 30, 2024, the company had 317 full-time employees, a decrease from 325 employees as of June 30, 2023[57] - Total short-term employee benefits for key management personnel decreased to HKD 1,665,000 for the six months ended June 30, 2024, down from HKD 1,980,000 in the same period of 2023, reflecting a decline of approximately 16%[44] Compliance and Governance - The audit committee reviewed the financial report for the six months ended June 30, 2024, and found it compliant with applicable accounting standards[58] - The company has adopted a standard code for directors' securities transactions and confirmed no non-compliance during the reporting period[56]

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佈之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚賴該等內容而引致之任何損 失承擔任何責任。 LEFT FIELD PRINTING GROUP LIMITED 澳獅環球集團有限公司* （於百慕達註冊成立之有限公司） （股份代號：1540） 截至二零二四年六月三十日止六個月之 中期業績公佈 澳獅環球集團有限公司（「本公司」）董事會（「董事會」）謹此提呈本公司及其附屬公司（統稱為「本集團」） 截至二零二四年六月三十日止六個月之未經審核簡明綜合業績，連同二零二三年同期之未經審核比較數字如 下： 簡明綜合損益及其他全面收益表 | --- | --- | --- | --- | |--------------------------------------------------------------------------|-------|--------------------------------------------------------------|------------------ ...

Financial Performance - The group's revenue for 2023 increased by 10.4% to HKD 558 million compared to HKD 505.4 million in 2022[7]. - Direct operating costs rose by 8.0% to HKD 444.4 million, while profit before tax surged by 166.0% to HKD 47.1 million[5]. - Gross profit increased by approximately HKD 19.8 million or 21.2% to HKD 113.6 million, with a gross margin improvement from 18.6% to 20.4%[8]. - Net profit for 2023 was approximately HKD 33.3 million, a significant increase of 197.0% from HKD 11.2 million in the previous year[17]. - The company reported a total comprehensive income of HKD 32,766,000, compared to a loss of HKD 3,373,000 in the previous year[181]. - Basic earnings per share rose to HKD 6.68, up from HKD 2.25 in 2022, reflecting a 196.4% increase[181]. - Operating profit before tax for the year ended December 31, 2023, was HKD 47,127,000, a significant increase from HKD 17,714,000 in 2022, representing a growth of 167%[190]. Income and Expenses - Other income decreased by approximately 53.8% to HKD 7.5 million, primarily due to one-off transactions in the previous year[10]. - Administrative expenses remained stable, increasing by 0.8% to HKD 39.6 million[12]. - The total financial expenses increased to HKD 1,353,000 from HKD 1,079,000, representing a rise of 25%[190]. - The company recorded a provision for inventory impairment of HKD 4,401,000, compared to HKD 434,000 in 2022, indicating a significant increase in inventory write-downs[190]. Assets and Liabilities - The group's current assets net value was approximately HKD 192.3 million, with cash and bank balances increasing to HKD 85.5 million[18]. - The current ratio improved to approximately 3.0 times, up from 2.8 times in 2022[18]. - The company's total equity increased to HKD 287,553,000, compared to HKD 254,787,000 in the previous year, marking a growth of 12.9%[183]. - As of December 31, 2023, the group's trade receivables and other receivables had a book value of HKD 104,324,000, net of impairment provision of HKD 188,000[170]. - The group's impairment policy for receivables is based on assessments of default risk and expected credit loss rates, utilizing historical customer data and current market conditions[170]. Cash Flow - Net cash inflow from operating activities reached HKD 83,704,000, compared to HKD 4,034,000 in the previous year, indicating a substantial improvement in cash generation[190]. - The total cash and cash equivalents at the end of 2023 amounted to HKD 85,514,000, up from HKD 48,349,000 at the end of 2022, reflecting a year-over-year increase of 77%[191]. - The company reported a net cash outflow from investing activities of HKD 27,753,000, an improvement from HKD 96,936,000 in 2022, showing a reduction in cash used for investments[190]. - The financing activities resulted in a net cash outflow of HKD 19,483,000, which is an improvement compared to HKD 32,930,000 in the previous year, indicating better cash management[191]. Strategic Outlook - The management team remains cautious about the outlook for 2024 due to ongoing cost pressures and weak consumer demand[6]. - The company aims to enhance production efficiency to adapt to changing business environments and maintain its commitment to quality and service[2]. - The company has outlined a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[50]. - New product launches are expected to contribute an additional 5% to overall revenue in the upcoming year[50]. - The company is focusing on market expansion, particularly in the Asia-Pacific region, aiming for a 25% increase in market share by 2025[50]. Corporate Governance - The company has adopted the Corporate Governance Code and has complied with all applicable principles and provisions during the year ended December 31, 2023[112]. - The board consists of seven directors, including three executive directors, one non-executive director, and three independent non-executive directors, ensuring diverse perspectives and expertise in the printing industry and finance[120]. - The board confirmed that all independent non-executive directors are independent individuals according to Listing Rule 3.13[103]. - The company has established a robust risk management and internal control system, with independent qualified accountants conducting annual reviews[131]. Shareholder Information - The board has proposed a final dividend of HKD 0.04 per share for the year ending December 31, 2023, compared to no dividend the previous year[64]. - The company encourages shareholder participation and feedback during annual general meetings[155]. - The board is committed to ensuring that all shareholders are informed of their rights and the procedures for proposing resolutions at shareholder meetings[157]. Market and Operational Risks - The company has identified key risks, including fluctuating customer demand and potential economic downturns, which could impact financial performance[51]. - The rise of electronic media and devices has shifted information consumption patterns, potentially reducing demand for printed products and impacting the company's printing solutions and services[54]. - Increasing cybersecurity threats require the company to allocate more resources to protect its IT systems and data, which could lead to revenue and asset losses if attacks disrupt operations[56]. Employee and Workforce - The group employed 329 full-time staff as of December 31, 2023, compared to 325 in 2022, with competitive compensation packages in place[26]. - The company maintains a gender diversity in its workforce, with male and female full-time employees comprising 74% and 26% respectively as of December 31, 2023[154]. - The company has a whistleblowing policy to encourage employees to report any suspected misconduct[129].

Financial Performance - The company reported total revenue of HKD 558,038,000 for the year ended December 31, 2023, representing an increase of 10.4% compared to HKD 505,361,000 in 2022[3] - Gross profit for the year was HKD 113,615,000, up 21.1% from HKD 93,771,000 in the previous year[3] - Net profit for the year reached HKD 33,333,000, a significant increase of 196.5% compared to HKD 11,224,000 in 2022[4] - The company reported a total comprehensive income of HKD 32,766,000 for the year, compared to a loss of HKD 3,373,000 in the previous year[4] - Basic earnings per share increased to HKD 6.68, up from HKD 2.25 in 2022, reflecting a growth of 196.0%[4] - The profit before tax for the group in 2023 was HKD 47,127,000, up from HKD 17,714,000 in 2022, indicating a growth of approximately 167.5%[19] - The group reported a pre-tax profit of HKD 33,333,000 for 2023, compared to HKD 11,224,000 in 2022, indicating a significant increase of 197.5%[33] - Net profit for 2023 was approximately HKD 33.3 million, an increase of about HKD 22.1 million or approximately 197.0% from HKD 11.2 million in 2022[74] Assets and Liabilities - Total assets as of December 31, 2023, were HKD 288,116,000, an increase from HKD 267,205,000 in 2022[6] - The company's cash and cash equivalents increased to HKD 85,514,000 from HKD 48,349,000, showing a growth of 77.0%[6] - Non-current assets increased to HKD 114,691,000 from HKD 106,921,000, reflecting a growth of 7.3%[6] - The company's equity increased to HKD 287,553,000 from HKD 254,787,000, representing a growth of 12.9%[6] - Trade receivables decreased to HKD 102,640,000 as of December 31, 2023, from HKD 119,957,000 in 2022[43] - The total cost of property, plant, and equipment as of December 31, 2023, was HKD 324,831,000, reflecting an increase from HKD 297,448,000 in the previous year[36] Revenue Segments - The total external revenue for the printing solutions and services segment in 2023 was HKD 558,038,000, an increase from HKD 505,361,000 in 2022, representing a growth of approximately 10.4%[21] - The EBITDA for the printing solutions and services segment in 2023 was HKD 88,242,000, compared to HKD 60,651,000 in 2022, reflecting a significant increase of approximately 45.5%[21] - Customer A contributed HKD 80,533,000 in revenue for 2023, up from HKD 71,624,000 in 2022, representing a growth of 12.6%[25] Expenses - The operating expenses for the printing solutions and services segment in 2023 were HKD 476,185,000, compared to HKD 454,359,000 in 2022, showing an increase of approximately 4.8%[21] - Total other income decreased to HKD 7,526,000 in 2023 from HKD 16,284,000 in 2022, a decline of 53.8%[25] - The group’s total tax expense rose to HKD 13,794,000 in 2023 from HKD 6,490,000 in 2022, an increase of 112.5%[30] - The group reported a significant increase in employee benefits expenses, totaling HKD 163,183,000 in 2023, compared to HKD 153,665,000 in 2022, an increase of 6.5%[28] Dividends - The company plans to declare a final dividend of HKD 19,947,000 for the year, compared to HKD 14,960,000 in the previous year[7] - The board has proposed a final dividend of HKD 0.04 per share for the year ended December 31, 2023, compared to no final dividend in 2022[87] Acquisitions and Investments - The company completed the acquisition of Ovato's book printing business for an initial consideration of AUD 8,500,000 (approximately HKD 47,175,000)[55] - The company recognized a financial asset at fair value through profit or loss related to a subscription agreement for convertible notes amounting to approximately HKD 13,875,000[46] Compliance and Governance - The company plans to adopt new or revised International Financial Reporting Standards (IFRS) effective from January 1, 2024, which are expected to have no significant financial impact on the consolidated financial statements[15] - The company has complied with the Corporate Governance Code as per the listing rules for the year ended December 31, 2023[90] - The audit committee reviewed the company's audited financial performance for the year ended December 31, 2023[91] Economic Outlook - The company anticipates ongoing cost pressures and a shift in consumer demand due to economic conditions in 2024[62] - The management team is focused on improving production efficiency to mitigate negative impacts from the changing business environment[62]

智通财经APP讯，澳狮环球(01540)发布公告，预期集团于截至2023年12月31日止年度的公司拥有人应占溢利将取得180%至220%的增长，而截至2022年12月31日止年度则为溢利1100万港元。 董事会认为该增长主要源自一次性的贸易及其他应收款项的亏损拨备约1500万港元于上年度入账，主要是由于Ovato Limited在2022年任命管理人后，其他应收款项的信贷风险增加;与Ovato Limited认购的按公平价值计入损益的金融资产可换股票据于上年度产生的非经常性公平价值亏损约300万港元;及Griffin Press Printing Pty Ltd(于2022年6月从Ovato Limited收购)计入全年营运导致销售额和利润增加。 ...

Revenue and Profitability - Revenue for the six months ended June 30, 2023, increased by approximately 28.7% to about HKD 263,800,000, primarily due to the inclusion of revenue from Griffin Press[2] - Profit before tax decreased by approximately 16.3% to about HKD 11,100,000, mainly due to higher sales, administrative, and financial expenses from Griffin Press[3] - Gross profit increased by approximately HKD 1,400,000 or about 3.2% to approximately HKD 45,900,000, but the gross margin fell from about 21.7% to approximately 17.4% due to increased material costs[8] - The net profit for the period was HKD 7,534,000, down from HKD 8,806,000, reflecting a decrease of 14.5% year-over-year[26] - The company recorded a profit of approximately HKD 7,500,000, a decrease of about 14.4% compared to the previous period, primarily due to an inability to fully pass on increased material and production costs[14] Expenses and Costs - Direct operating costs rose by approximately 35.7% to about HKD 217,900,000, attributed to the acquisition of Griffin Press and rising paper and material prices[2] - Administrative expenses rose by approximately 23.6% to about HKD 22,000,000, primarily due to the full-period inclusion of Griffin Press's administrative costs[11] - The company reported a total operating expense of HKD 239,043,000 for the six months ended June 30, 2023, compared to HKD 185,300,000 for the same period in 2022, reflecting an increase of 29%[54] - The company’s financial expenses rose to HKD 768,000 in 2023 from HKD 470,000 in 2022, marking a 63% increase, which may impact future profitability[32] Cash Flow and Financial Position - Operating cash inflow for the six months ended June 30, 2023, was HKD 45,371,000, a significant increase from HKD 11,238,000 in the same period of 2022, representing a growth of 303%[32] - Net cash generated from operating activities for the six months ended June 30, 2023, was HKD 42,912,000, compared to HKD 5,649,000 in 2022, indicating a substantial improvement[34] - Cash and cash equivalents increased to HKD 62,404,000 as of June 30, 2023, up from HKD 29,790,000 at the beginning of the period, reflecting a positive cash flow trend[34] - The company maintains a healthy financial position with net cash levels and a capital debt ratio of approximately 10.0%[16] Assets and Liabilities - The total assets decreased to HKD 245,984,000 from HKD 267,205,000, a decline of 7.9%[28] - The group's inventory increased to HKD 97,333,000 from HKD 87,854,000, representing an increase of 10.3%[28] - Trade and other receivables decreased by HKD 43,454,000 in the current period, contrasting with an increase of HKD 13,652,000 in the previous year, reflecting improved collection efficiency[32] - The total trade payables as of June 30, 2023, were HKD 15,373,000, down 39.0% from HKD 25,226,000 as of December 31, 2022[68] Shareholder Information and Corporate Governance - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2023[74] - The largest shareholder, 青田集團, holds 315,805,997 shares, which is 63.33% of the issued share capital[92] - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange rules during the six months ending June 30, 2023[84] - The audit committee has reviewed the financial report for the six months ended June 30, 2023, and believes it complies with applicable accounting standards and has made sufficient disclosures[105] Employee and Management Information - The total remuneration for key management personnel for the six months ended June 30, 2023, was HKD 2,060,000, an increase from HKD 1,747,000 in the same period of 2022[78] - The company has 325 full-time employees as of June 30, 2023, a decrease from 336 employees a year earlier[101] - The company’s employee compensation policy includes competitive salary structures and performance-based bonuses[101] Strategic Initiatives - The company plans to implement synergy measures in its book printing division to improve local production efficiency amid a challenging economic environment[4] - The company has not disclosed any new product developments or market expansion strategies in the current report[96]

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佈之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚賴該等內容而引致之任何損 失承擔任何責任。 LEFT FIELD PRINTING GROUP LIMITED 澳獅環球集團有限公司* （於百慕達註冊成立之有限公司） （股份代號：1540） 截至二零二三年六月三十日止六個月之 中期業績公佈 澳獅環球集團有限公司（「本公司」）董事會（「董事會」）謹此提呈本公司及其附屬公司（統稱為「本集團」） 截至二零二三年六月三十日止六個月之未經審核簡明綜合業績，連同二零二二年同期之未經審核比較數字如 下： 簡明綜合損益及其他全面收益表 截至二零二三年六月三十日止六個月 （未經審核） 截至六月三十日止 六個月 二零二三年 二零二二年 附註 千港元 千港元 收益 3 263,769 204,955 直接經營成本 (217,860) (160,491) ...

Financial Performance - The company's revenue for 2022 increased by 30.5% to HKD 505,400,000 compared to HKD 387,300,000 in 2021[7]. - Direct operating costs rose by 32.9% to HKD 411,600,000, leading to a 34.1% decrease in profit before tax to HKD 17,700,000[7]. - Gross profit increased by approximately 21.0% to HKD 93,800,000, while the gross profit margin slightly declined from about 20.0% to approximately 18.6%[11]. - The company recorded a net profit of approximately HKD 11,200,000, a decrease of about 38.8% from HKD 18,400,000 in the previous year[19]. - Total revenue for the year ended December 31, 2022, was HKD 505,361,000, an increase of 30.5% from HKD 387,267,000 in 2021[190]. - Gross profit for the same period was HKD 93,771,000, representing a gross margin of 18.5% compared to 20.0% in the previous year[190]. - Net profit for the year was HKD 11,224,000, down 38.7% from HKD 18,351,000 in 2021[190]. - Basic earnings per share decreased to HKD 2.25 cents from HKD 3.68 cents in the prior year[190]. - The company reported a net loss provision for trade receivables and other receivables of HKD 14,944,000, significantly higher than HKD 9,000 in 2021[190]. - Other comprehensive loss for the year was HKD 14,597,000, compared to a loss of HKD 15,349,000 in the previous year[190]. - The total comprehensive loss for the year amounted to HKD 3,373,000, contrasting with a comprehensive income of HKD 3,002,000 in 2021[190]. Costs and Expenses - Administrative expenses increased by approximately 36.9% to HKD 39,300,000, driven by costs associated with Griffin Press and salary adjustments due to inflation[14]. - The company’s administrative expenses rose to HKD 39,327,000 from HKD 28,732,000, reflecting an increase of 37%[190]. - The company’s direct operating costs increased to HKD 411,590,000, up from HKD 309,745,000, indicating a rise of 32.8%[190]. Acquisitions and Investments - The acquisition of Griffin Press is expected to enhance the company's position in the Australian reading printing market, although integration progress is behind schedule[8]. - The group completed the acquisition of Ovato's book printing business on June 17, 2022, for an initial consideration of AUD 8.5 million (approximately HKD 47.175 million) and deferred consideration of AUD 396,000 (approximately HKD 2.198 million)[27]. - Capital expenditures during the year amounted to approximately HKD 21.9 million, significantly higher than HKD 2.6 million in 2021, funded by internal resources[25]. - Approximately HKD 66.5 million of net proceeds from the IPO has been fully utilized, including HKD 19.5 million for the acquisition initial costs and HKD 9 million for purchasing new digital printing machines[34][35]. Financial Position - As of December 31, 2022, the group's net current assets were approximately HKD 173.4 million, a decrease from HKD 226 million in 2021, primarily due to various corporate projects during the year[21]. - The group's cash and bank balances were approximately HKD 48.3 million as of December 31, 2022, down from HKD 169.9 million in 2021, reflecting a decrease of about HKD 121.6 million[21]. - The current ratio as of December 31, 2022, was approximately 2.8 times, down from 4.5 times in 2021, indicating a decline in liquidity[21]. - Total assets decreased from HKD 295,553,000 to HKD 280,284,000, a decline of approximately 5.5% year-over-year[192]. - Total equity decreased from HKD 273,120,000 to HKD 254,787,000, a reduction of about 6.7%[195]. - Cash and cash equivalents decreased from HKD 169,884,000 to HKD 48,349,000, a decline of approximately 71.5%[192]. Workforce and Employment - The group employed 325 full-time employees as of December 31, 2022, an increase from 271 in 2021, indicating growth in workforce[29]. - As of December 31, 2022, the group had 325 full-time employees, an increase from 271 in 2021, indicating a growth of approximately 20% in workforce[116]. - As of December 31, 2022, the gender distribution among full-time employees was 74% male and 26% female, indicating a commitment to diversity within the workforce[164]. Governance and Compliance - The company operates as an investment holding company, with its subsidiaries primarily providing printing solutions and services in Australia[56]. - The board of directors includes both executive and independent non-executive members, with specific terms of service outlined[76]. - The company has adopted governance measures to manage potential conflicts of interest related to Mr. Celarc's interests in Ligare (NZ)[96]. - The company has maintained compliance with all applicable principles and provisions of the Corporate Governance Code throughout the fiscal year ending December 31, 2022[122]. - The independent qualified accountant conducted an annual review of the internal control system, finding it effective and sufficient without any significant deficiencies[141]. - The company has established a whistleblowing policy to encourage employees to report any suspected misconduct[139]. Risks and Challenges - The management team maintains a cautious outlook for 2023 due to rising costs of raw materials and macroeconomic conditions affecting domestic demand[8]. - The company faces risks related to customer demand, which is influenced by various factors including new book publications and legislative changes[58]. - Fluctuations in raw material prices, particularly paper, could significantly impact the company's business and profitability if costs cannot be passed on to customers[60]. - The rise of electronic publishing and changing consumer preferences may affect the demand for printed products[61]. - Economic downturns can lead to reduced consumer spending, impacting the demand for non-essential items like books[63]. Shareholder Information - The company reported a reserve available for distribution to shareholders of approximately HKD 171,500,000 as of December 31, 2022, down from HKD 175,000,000 as of December 31, 2021[71]. - The board of directors did not recommend a final dividend for the year ended December 31, 2022, compared to a final dividend of HKD 0.03 per share for the year ended December 31, 2021[70]. - The company has adopted a dividend policy that considers various factors, including financial performance and capital requirements, but does not guarantee any specific dividend amount[162]. Inventory and Receivables - As of December 31, 2022, the group's inventory was valued at HKD 87,854,000, with a provision for inventory impairment of HKD 4,284,000[177]. - The group's trade receivables and other receivables amounted to HKD 120,949,000, with an impairment provision of HKD 14,944,000 recognized during the year[179]. - The group assesses impairment of trade receivables based on default risk and expected credit loss rates, utilizing historical customer data and current market conditions[179].