Financial Performance - Other income increased from approximately HK$4.4 million for the year ended 31 March 2023 to approximately HK$5.2 million for the year ended 31 March 2024, representing an increase of approximately 18.2%[26] - The Group reported a net loss of approximately HK$6.2 million for the year ended 31 March 2024, an increase of approximately HK$3.9 million compared to HK$2.3 million for the year ended 31 March 2023[26] - Selling and distribution expenses represented approximately 10.4% of revenue for the year ended 31 March 2024, up from approximately 9.5% for the year ended 31 March 2023[26] - Administrative expenses decreased by approximately HK$9.7 million, mainly due to the absence of share-based payment expenses of approximately HK$17.1 million from the grant of share options in December 2022[26] - The significant increase in net loss was mainly attributable to losses on disposals of property, plant, and equipment of approximately HK$4.4 million[26] - For the year ended March 31, 2024, the Group reported revenue of approximately HK$316.3 million, a slight decrease from approximately HK$317.4 million for the year ended March 31, 2023[46] - The gross profit for the year ended March 31, 2024, was approximately HK$119.2 million, representing a decrease of approximately 3.5% compared to the previous year[46] - The gross profit margin decreased from approximately 38.9% for the year ended March 31, 2023, to approximately 37.7% for the year ended March 31, 2024[46] - The current ratio as of March 31, 2024, was 1.2, down from 1.9 as of March 31, 2023[49] - The gearing ratio increased to 36.1% as of March 31, 2024, compared to 27.4% as of March 31, 2023[49] Cash and Investments - As of March 31, 2024, the Group's bank balances and cash were approximately HK$100.0 million, a decrease of approximately HK$25.0 million compared to HK$125.0 million as of March 31, 2023, primarily due to property acquisitions during the year[27] - The Group's cash and cash equivalents decreased mainly due to the acquisition of properties, indicating a strategic focus on property investment[27] - The Group has no plans for any material investments or capital assets as of March 31, 2024[30] - The Group had capital commitments of approximately HK$9.5 million as of 31 March 2024, compared to nil as of 31 March 2023[52] - The Group holds various investments classified as financial assets at fair value through profit or loss, in addition to investments in subsidiaries, joint ventures, and an associate[52] Acquisitions - On June 1, 2023, e-banner Limited agreed to acquire 10,000 shares in WAB2 Group (HK) Limited for HK$28,861,000, representing the entire issued share capital of WAB2[30] - The completion of the acquisition of WAB2 took place on July 13, 2023, and WAB2's financial results are now consolidated into the Group's financial statements[30] - The principal assets of WAB2 include properties located at Kwun Tong Industrial Centre, with specific units identified[30] - The Group had no material acquisition or disposal of subsidiaries, associates, and joint ventures during the year ended March 31, 2024[30] Employee and Workplace Policies - The Group employed a total of 340 employees as of March 31, 2024[33] - Employees at officer and managerial grades are entitled to 11 days and 14 days of annual leave respectively in their first year of employment[32] - The Group has established "Human Resources Operation Procedures" to ensure compliance with labor laws and regulations affecting recruitment, promotion, and working hours[32] - The Group has established an "Anti-discrimination Policy" to ensure a fair working environment for all employees[38] - The company emphasizes a positive corporate culture and a friendly, inclusive work environment to enhance employee well-being and job satisfaction[84] - The company received recognition for promoting workplace happiness, indicating a focus on employee engagement and satisfaction[85] - The new Employee Lounge inaugurated in November 2023 spans 1,701 square feet and is equipped with essential amenities and recreational options for employees[56] Governance and Board Structure - The Board held four meetings during the year ended 31 March 2024, allowing Directors to include matters in the agenda and review documents in advance[65] - One general meeting was held during FY2023/24, specifically the 2023 annual general meeting on 22 August 2023[77] - The Board consists of independent non-executive Directors with diverse qualifications and experience, ensuring effective governance and independence[106] - All Directors are required to participate in continuous professional development to keep their knowledge and skills relevant[104] - The company has a balanced board composition to ensure strong independence and effective leadership[89] - The company has established mechanisms to obtain independent opinions and ensure the Board's responsibilities are fulfilled effectively[99] - The company is committed to reviewing its Board structure and diversity policy annually to comply with Listing Rules[98] - The company has appointed a new independent non-executive Director effective from July 1, 2023, to maintain board independence[94] - The Nomination Committee held one meeting during FY2023/24 to review the structure, size, and diversity of the Board, assess the independence of each independent non-executive Director, and discuss the re-election of Directors[120] - The Company aims to promote female staff with long and relevant experience in the printing industry to senior management or directorship positions[117] - The Nomination Committee emphasizes the importance of candidates' qualifications and experience in the printing business for Board nominations[144] Audit and Compliance - The Audit Committee reviewed the annual results for FY2022/23, confirming compliance with applicable accounting standards and Listing Rules[161] - The accounts for FY2023/24 were audited by PricewaterhouseCoopers (PwC), with a recommendation for re-appointment at the 2024 AGM[162] - The Audit Committee held three meetings in FY2023/24, with all members in attendance[159] - The Audit Committee is responsible for overseeing the financial reporting system and risk management of the Group[179] - The existing risk management and internal control systems will be reviewed annually by the Audit Committee[186] - The Company established an Audit Committee on 13 November 2013, with its terms of reference revised to comply with the CG Code[178] - The audit fee for the year included HK$1,522,000 for audit services and HK$140,000 for non-audit services[191] - The Company engaged Greenfield Services Limited for compliance and company secretarial services to adapt to regulatory changes[191] Shareholder Rights and Communication - The board considers a balance between retaining adequate reserves for future growth and rewarding shareholders when declaring dividends[193] - Shareholders have the right to convene an extraordinary general meeting if they hold at least 10% of the paid-up capital[198] - Shareholders can send written inquiries to the Company Secretary at the principal place of business in Hong Kong[199]

Financial Performance - For the fiscal year ending March 31, 2024, the group's revenue from continuing operations was approximately HKD 316.3 million, slightly down from HKD 317.4 million in the previous year, representing a decrease of about 0.4%[3] - The gross profit for the fiscal year ending March 31, 2024, was approximately HKD 119.2 million, a decrease of about 3.5% from HKD 123.6 million in the previous year, with the gross margin declining from approximately 38.9% to 37.7%[3] - The loss attributable to equity holders of the company for the fiscal year was approximately HKD 8.3 million, an improvement of about HKD 3.4 million compared to a loss of HKD 11.7 million in the previous year[3] - The basic and diluted loss per share attributable to equity holders for the year was HKD 1.51, an improvement from HKD 2.12 in the previous year[5] - The company reported a loss before tax of HKD 6,084,000 for the fiscal year ending March 31, 2024, with a net loss of HKD 6,900,000[21] - The company reported a loss of HKD 10,258,000 for the year, compared to a loss of HKD 14,243,000 in the previous year, indicating an improvement[31] - The group recorded a loss attributable to equity holders of approximately HKD 8,300,000 for the year ended March 31, 2024, a decrease in loss of approximately HKD 3,400,000 compared to the previous year[57] Assets and Liabilities - As of March 31, 2024, the group's cash and cash equivalents were approximately HKD 100 million, a decrease of about HKD 25 million from HKD 125 million in the previous year, primarily due to property acquisitions[3] - The total assets of the group as of March 31, 2024, were approximately HKD 378.7 million, compared to HKD 372.6 million in the previous year, reflecting a slight increase of about 1.4%[6] - The total liabilities increased to approximately HKD 134.6 million as of March 31, 2024, from HKD 120.8 million in the previous year, representing an increase of about 11.4%[7] - The group's total bank borrowings increased to approximately HKD 41,000,000 as of March 31, 2024, from approximately HKD 22,700,000 as of March 31, 2023, an increase of approximately HKD 18,300,000 due to new property acquisitions[61] - As of March 31, 2024, the group has pledged properties with a total book value of approximately HKD 105,500,000 and machinery valued at approximately HKD 18,800,000 as collateral for lease liabilities and mortgage loans respectively[72][73] Capital Expenditure - The company incurred a capital expenditure of HKD 27,474,000 during the fiscal year, which included the acquisition of property, plant, and equipment[21] - The capital expenditure for the year ending March 31, 2024, was approximately HKD 27,500,000, a significant increase of approximately HKD 19,800,000 compared to HKD 7,700,000 in 2023, primarily due to property acquisitions[73] - The company invested approximately HKD 13,280,000 in a new Miyakoshi digital printing machine to enhance its production capabilities[39] Revenue Breakdown - For the fiscal year ending March 31, 2024, total revenue from continuing operations was HKD 316,277,000, with paper printing contributing HKD 224,356,000 and spray printing contributing HKD 92,956,000[21] - The segment revenue from paper printing was HKD 228,207,000, while the revenue from spray printing was HKD 89,936,000, contributing to the overall revenue[23] - The spray printing business revenue increased by approximately HKD 2,900,000 or about 3.2% to HKD 92,700,000 for the year ended March 31, 2024[44] Expenses and Cost Management - The company’s employee benefit expenses decreased to HKD 104,333,000 from HKD 113,794,000, reflecting cost management efforts[28] - Selling and distribution expenses accounted for approximately 10.4% of revenue for the year ended March 31, 2024, up from approximately 9.5% for the year ended March 31, 2023, with an increase in expenses of approximately HKD 2,700,000[50] - Administrative expenses decreased by approximately HKD 9,700,000, primarily due to the absence of equity payment expenses from stock options granted in December 2022, offset by increases in employee benefits and outsourced customer support expenses of approximately HKD 2,400,000 each[51] Financing Activities - The company reported a net financing income of approximately HKD 1.4 million for the fiscal year, down from HKD 2.4 million in the previous year[4] - The company reported a financing income of HKD 4,952,000 and financing costs of HKD 3,518,000 for the fiscal year ending March 31, 2024[21] - Financing income for the year was HKD 4,952,000, compared to HKD 3,924,000 in the previous year, showing a growth in financing activities[29] - Financing costs increased significantly by approximately HKD 2,000,000, primarily due to increases in lease liabilities and bank borrowing interest expenses of approximately HKD 1,400,000 and HKD 600,000, respectively[53] Corporate Governance and Compliance - The company has adopted the corporate governance code and has complied with its provisions, except for the separation of the roles of chairman and CEO[83] - The audit committee, consisting of four independent non-executive directors, reviewed the group's audited consolidated financial statements for the year ending March 31, 2024[84] - The annual report for the year ending March 31, 2024, will be published by July 31, 2024, in compliance with listing rules[87] Dividends and Shareholder Returns - The company did not recommend the payment of a final dividend for the fiscal year ending March 31, 2024[3] - The board of directors did not recommend the payment of a final dividend for the year ending March 31, 2024, consistent with the previous year[79] Discontinued Operations - The company has terminated its property agency services segment, which has been reclassified as discontinued operations[16]

Financial Performance - The revenue from continuing operations for the six months ended September 30, 2023, was approximately HK$156.4 million, a slight decrease of approximately 0.3% compared to HK$156.8 million for the same period in 2022[10]. - The gross profit from continuing operations for the six months ended September 30, 2023, was approximately HK$58.2 million, representing a decrease of approximately 5.7% from HK$61.7 million for the same period in 2022, with the gross profit margin declining from approximately 39.4% to approximately 37.2%[11]. - The loss attributable to equity holders from continuing operations for the six months ended September 30, 2023, was approximately HK$9.1 million, compared to a profit of approximately HK$1.0 million for the same period in 2022[11]. - Revenue for the six months ended September 30, 2023, was HK$156,406,000, a slight decrease of 0.26% compared to HK$156,814,000 in the same period of 2022[15]. - Gross profit decreased to HK$58,205,000, down 6.15% from HK$61,746,000 year-over-year[15]. - Operating loss for the period was HK$8,915,000, compared to an operating profit of HK$4,499,000 in the previous year[15]. - Total comprehensive loss for the period amounted to HK$9,428,000, compared to a comprehensive income of HK$2,935,000 in the prior year[16]. - The company reported a comprehensive loss of HK$9,428,000 for the six months ended September 30, 2023, compared to a profit of HK$3,986,000 for the same period in the previous year[25]. Cash Flow and Liquidity - The cash and cash equivalents decreased to approximately HK$116.4 million as of September 30, 2023, down approximately HK$8.7 million from HK$125.1 million as of March 31, 2023[13]. - Cash generated from operations for the six months ended September 30, 2023, was HK$ (7,354,000), a decrease from HK$ 38,635,000 in the same period of 2022, representing a decline of approximately 119%[27]. - Net cash used in investing activities for the six months ended September 30, 2023, was HK$ (7,829,000), compared to HK$ (2,594,000) in the same period of 2022, indicating an increase in cash outflow of approximately 202%[29]. - Net cash generated from financing activities was HK$ 7,388,000 for the six months ended September 30, 2023, compared to a net cash used of HK$ (12,316,000) in the same period of 2022, reflecting a turnaround in financing cash flow[29]. - Cash and cash equivalents at the end of the period were HK$ 116,359,000, down from HK$ 136,333,000 at the end of the same period in 2022, representing a decrease of approximately 15%[29]. Assets and Liabilities - Non-current assets increased to HK$240,525,000 as of September 30, 2023, up from HK$205,981,000 as of March 31, 2023[21]. - Total equity decreased from HK$251,790,000 as of March 31, 2023, to HK$242,362,000 as of September 30, 2023, representing a decline of approximately 3.4%[22]. - Current liabilities increased from HK$87,932,000 to HK$115,803,000, reflecting a rise of about 31.6%[22]. - Total liabilities rose from HK$120,818,000 to HK$149,617,000, marking an increase of approximately 23.9%[22]. - The carrying amounts of the Group's financial assets and liabilities approximate their fair values due to short maturities and market interest rates as of September 30, 2023[62]. Segment Information - Revenue for the six months ended September 30, 2023, was derived solely from paper printing and banner printing segments, with no external customers contributing over 10% of the Group's revenue[82]. - The Group's operating segments include paper printing (from the "e-print" brand) and banner printing (from the "e-banner" brand)[79]. - The segment results for paper printing showed a loss of HK$12,139,000, while banner printing generated a profit of HK$3,224,000, resulting in an overall loss of HK$8,915,000 for continuing operations[89]. - For the six months ended September 30, 2023, total revenue was HK$156,406,000, with external customer revenue from paper printing at HK$110,261,000 and banner printing at HK$46,145,000[89]. Financial Risks and Management - The Group's activities expose it to various financial risks, including market risk, credit risk, and liquidity risk[56]. - The Group is in the process of assessing the accounting implications of the abolition of the Mandatory Provident Fund – Long Service Payment offsetting mechanism[54]. - The Group's financial risk management information should be read in conjunction with the consolidated financial statements for the year ended March 31, 2023[57]. Corporate Actions and Governance - The Board did not declare the payment of an interim dividend for the six months ended September 30, 2023[14]. - The share option scheme was terminated on August 22, 2023, with no further options to be granted, although outstanding options remain valid[166]. - The New Share Option Scheme was adopted on August 24, 2023, allowing the Group to grant up to 55,000,000 new shares as options to eligible participants[173]. - As of September 30, 2023, there were 44,000,000 share options outstanding at an exercise price of HK$0.79, down from 49,500,000 at the beginning of the period[170]. Management and Personnel - Emoluments payable to key management personnel totaled HK$3.822 million for the six months ended September 30, 2023, up from HK$2.808 million in 2022, representing an increase of 36%[196]. - The Group's total emoluments for directors increased slightly from HK$1.365 million in 2022 to HK$1.474 million in 2023, an increase of 8%[196].

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，概不會就本公告全部或任 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 eprint GROUP LIMITED eprint 集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號︰1884） 截至二零二三年九月三十日止六個月的 中期業績公告 財務摘要 • 截至二零二三年及二零二二年九月三十日止六個月，本集團持續經營業務 收益分別約為156,400,000港元及156,800,000港元。 • 截至二零二三年九月三十日止六個月，本集團持續經營業務毛利約為 58,200,000港元，較截至二零二二年九月三十日止六個月減少約5.7%，而 毛利率由截至二零二二年九月三十日止六個月的約39.4%下降至截至二零 二三年九月三十日止六個月的約37.2%。毛利率下降的主要原因為本期間並 無香港特別行政區政府就業援助計劃的補助（「就業援助計劃補貼」），並導 致員工成本增加及毛利下降。 ...

Financial Performance - The Group's revenue from continuing operations for the year ended 31 March 2023 was approximately HK$317.4 million, an increase of approximately HK$17.1 million compared to the previous year[12]. - The gross profit from continuing operations for the year ended 31 March 2023 was approximately HK$123.6 million, representing a 13.1% increase from the previous year, with the gross profit margin improving from approximately 36.4% to 38.9%[12]. - The loss attributable to equity holders of the Company from continuing operations for the year ended 31 March 2023 was approximately HK$11.7 million, compared to a profit of approximately HK$2.0 million for the previous year[12]. - Excluding share-based payment expenses of approximately HK$17.1 million, the Group would have recorded a profit of approximately HK$5.4 million from continuing operations for the year ended 31 March 2023[15]. - For the year ended March 31, 2023, the Group reported revenue from continuing operations of approximately HK$317.4 million, representing an increase of approximately HK$17.1 million or approximately 5.7% compared to HK$300.3 million for the previous year[30]. - The Group recorded a loss from continuing operations attributable to equity holders of approximately HK$11.7 million for the year ended March 31, 2023, compared to a profit of approximately HK$2.0 million for the year ended March 31, 2022[31]. - Other income from continuing operations increased from approximately HK$3.3 million for the year ended 31 March 2022 to approximately HK$4.4 million for the year ended 31 March 2023, mainly due to increased sales of scrap materials[100]. Operational Efficiency and Strategy - The management expects the macroeconomic environment to improve in the long run, allowing the Group to maintain profitability and capture growth opportunities[16]. - The Group plans to enhance resources in manpower, new printing technology, and production facilities to improve efficiency and attract industry talent[16]. - The Group plans to enhance resources and strengthen cost control to maintain competitive pricing and develop new business lines and customized products to improve competitiveness[21]. - Management will continue to strengthen core business and enhance operational efficiency while exploring different business opportunities for better growth prospects[22]. - The Group aims to create sustainable, stable, and growing returns for shareholders through strong performance and excellent results[22]. - The Group's financial performance reflects a strategic shift following the disposal of non-core operations, aiming to enhance profitability in core segments[37]. - The Group's investment in new printing technology is expected to enhance operational efficiency and product offerings[45]. Market Recovery and Business Development - The printing businesses showed recovery from the impacts of COVID-19, leading to increased sales orders throughout the year[14]. - The strategic focus on the banner printing segment aligns with market demand for digital printing solutions, positioning the Group for future growth[36]. - The Group's ongoing operations focus on expanding the e-banner brand, which offers a wide range of digital printing products[39]. - The Group will explore business opportunities for further development, including diversifying the business portfolio and integrating with market stakeholders[88]. - The management team will actively monitor the macroeconomic environment to maintain profitability as the market recovers from the impacts of COVID-19[19]. Corporate Governance - The company has complied with the Corporate Governance Code except for the separation of the roles of chairman and CEO, which are held by the same individual, Mr. She Siu Kee William[159]. - The board consists of six directors, including two executive directors, one non-executive director, and three independent non-executive directors, ensuring a balanced composition for effective leadership[167]. - The company is committed to enhancing shareholder value through good corporate governance standards and practices[157]. - The board is responsible for setting overall strategy and reviewing the group's operational and financial performance[166]. - The management has been delegated authority for daily operations, while the board retains decision-making power for major acquisitions and significant operational matters[171]. - The Board held two general meetings during FY2022/23, including the annual general meeting on September 30, 2022, and an extraordinary general meeting on March 6, 2023[184]. - All independent non-executive Directors have confirmed their independence annually, and the Company considers them independent under Rule 3.13 of the Listing Rules[196]. Employee and Shareholder Matters - The Board did not recommend the payment of a final dividend for the year ended 31 March 2023[12]. - Employee benefits expenses increased to approximately HK$113.8 million for the year ended March 31, 2023, up from HK$83.0 million in 2022, primarily due to share-based payment expenses of approximately HK$17.1 million[151]. - The company offered 49,500,000 share options to eligible employees, representing 9% of the issued share capital, subject to acceptance and payment of HK$1.00[66]. - The company granted a total of 49,500,000 share options to eligible employees, representing 9% of the company's issued share capital[68].

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，概不會就本公告全部或任 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 eprint GROUP LIMITED eprint 集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號︰1884） 截至二零二三年三月三十一日止年度的 全年業績公告 財務摘要 • 截至二零二三年三月三十一日止年度，本集團持續經營業務收益約為 317,400,000港元，較截至二零二二年三月三十一日止年度增加約17,100,000 港元。 • 截至二零二三年三月三十一日止年度，本集團持續經營業務毛利約為 123,600,000港元，較截至二零二二年三月三十一日止年度之毛利增加約 13.1%，毛利率由截至二零二二年三月三十一日止年度的約36.4%提高至截 至二零二三年三月三十一日止年度的約38.9%。 ...

Financial Performance - The revenue of eprint Group Limited for the six months ended 30 September 2022 was approximately HK$163.1 million, an increase of approximately HK$9.0 million compared to the same period in 2021[10]. - The profit attributable to equity holders of the Company was approximately HK$1.0 million, representing a decrease of approximately 77.7% compared to HK$4.5 million for the six months ended 30 September 2021[11]. - The gross profit for the period was HK$64.8 million, compared to HK$59.2 million for the same period in 2021, indicating a growth in gross profit margin[14]. - Operating profit for the period was HK$4.5 million, down from HK$7.8 million in the previous year[14]. - The total comprehensive income for the period attributable to equity holders of the Company was HK$1.2 million, compared to HK$4.4 million for the same period in 2021[17]. - Earnings per share for profit attributable to equity holders of the Company was 0.18 HK cents, down from 0.82 HK cents in the previous year[17]. - The profit before income tax was HK$5.8 million, a decrease from HK$7.4 million in the same period last year[14]. - The company reported a profit for the period of HK$1,003,000, contributing to retained earnings of HK$100,234,000 as of September 30, 2022[26]. - The company reported a share of losses from joint ventures amounting to HK$999,000, indicating challenges in collaborative projects[74]. - The Group's net profit attributable to equity holders decreased to approximately HK$1 million, a decline of about 77.7% compared to the previous period, primarily due to fair value losses on financial assets and foreign exchange losses[174]. Dividends and Shareholder Returns - The Board did not declare any interim dividend for the six months ended 30 September 2022[11]. - The Board resolved not to declare an interim dividend for the six months ended 30 September 2022, compared to HK$0.8 cents per ordinary share in 2021[101]. Assets and Liabilities - Total assets increased to HK$360,876,000 as of September 30, 2022, up from HK$335,568,000 as of March 31, 2022, representing a growth of approximately 7.8%[21]. - Total equity rose to HK$253,203,000, compared to HK$250,268,000 in the previous period, indicating a slight increase of about 1.0%[21]. - Current liabilities increased to HK$107,673,000, up from HK$85,300,000, marking a rise of about 26.2%[23]. - Total liabilities increased by 26.2% to HK$107,673,000 from HK$85,300,000[23]. - Cash and cash equivalents amounted to HK$136,333,000, up from HK$18,106,000, indicating a substantial increase[21]. - The current portion of lease liabilities increased significantly to HK$14,290,000 as of September 30, 2022, compared to HK$6,221,000 as of March 31, 2022, marking an increase of approximately 129.4%[146]. - The total lease liabilities as of September 30, 2022, were HK$22,495,000, significantly higher than HK$9,714,000 as of March 31, 2022, representing an increase of approximately 131.5%[146]. Cash Flow and Financing Activities - Net cash generated from operating activities for the six months ended September 30, 2022, was HK$37,513,000, significantly higher than HK$17,217,000 for the same period in 2021, reflecting an increase of approximately 118.5%[31]. - Net cash used in financing activities amounted to HK$12,316,000 for the six months ended September 30, 2022, compared to HK$8,326,000 in the same period of 2021, representing a 48% increase[33]. - The net increase in cash and cash equivalents was HK$22,603,000 for the six months ended September 30, 2022, up from HK$16,204,000 in 2021, indicating a 39% growth[33]. - The total cash outflow of leases for the six months ended September 30, 2022, was approximately HK$9,752,000, a decrease from HK$10,057,000 for the same period in 2021, reflecting a reduction of about 3.0%[148]. Revenue Segmentation - Revenue for the six months ended 30 September 2022 was HK$163,083,000, an increase from the previous year's HK$110,871,000[70]. - The paper printing segment generated revenue of HK$110,534,000, while the banner printing segment contributed HK$46,280,000 for the same period[71]. - The property agency services segment reported revenue of HK$6,269,000, with no inter-segment revenue recorded[71]. - The total segment results for the period showed a profit of HK$4,547,000, compared to a loss of HK$3,993,000 in the previous year[71]. - Revenue from external customers for the six months ended September 30, 2022, was HK$154,081,000, an increase from HK$119,631,000 in the same period of 2021, representing a growth of approximately 28.8%[74]. - The Group's paper printing segment revenue decreased by approximately 7.4% to approximately HK$110.5 million for the six months ended 30 September 2022, with advertising printing contributing approximately HK$45.1 million, or about 27.7% of total revenue[178]. - The banner printing segment reported revenue of approximately HK$46.3 million, an increase of approximately HK$11.5 million or about 33.0% compared to the previous year, with a gross profit margin increase from approximately 45.2% to approximately 47.8%[179]. - The acquisition of Sakura Japan Property (Hong Kong) Limited contributed approximately HK$6.3 million in revenue for the property agency services segment for the six months ended 30 September 2022, with no revenue recorded in the same period of the previous year[180]. Financial Management and Risks - The Group's activities expose it to various financial risks, including market risk, credit risk, and liquidity risk[45]. - The Group applies the HKFRS 9 general approach to measure expected credit losses using a 3-stage model for financial assets at amortised cost[9]. - The Group's financial risk management information is not fully included in the interim financial information and should be read in conjunction with the consolidated financial statements for the year ended 31 March 2022[45]. Corporate Structure and Compliance - The company is engaged in providing printing services and solutions, as well as property agency services, targeting a diversified customer base in Hong Kong[36]. - The financial information is prepared in accordance with Hong Kong Accounting Standards (HKAS) 34, ensuring compliance with local regulations[36]. - The company was incorporated in the Cayman Islands on January 10, 2013, and is listed on the Main Board of The Stock Exchange of Hong Kong Limited[36]. Capital Expenditure and Investments - Capital expenditure for the period was HK$9,528,000, with depreciation of right-of-use assets at HK$6,113,000[71]. - Total capital expenditure for the period was HK$24,497,000, which includes additions of HK$2,076,000 and right-of-use assets of HK$22,421,000[106]. - Capital commitments for property, plant, and equipment amounted to HK$12,382,000 as of September 30, 2022, compared to HK$6,565,000 as of March 31, 2022, indicating an increase of approximately 88.5%[153]. Related Party Transactions - The Group's related party transactions were conducted in the normal course of business, with rental expenses for related parties totaling HK$4.8 million for the six months ended 30 September 2022[160]. - Management fee income receivable from e-post Limited was HK$469,000 for the six months ended 30 September 2022[163]. - The total compensation for key management personnel during the period was HK$2.8 million, a decrease from HK$4.4 million in the previous year[166]. - The Group's related party balances are unsecured, interest-free, and repayable on demand, with fair values approximating their carrying values[165].

Financial Performance - Revenue for the year ended March 31, 2022, was HKD 306.02 million, representing a 14.7% increase from HKD 266.90 million in the previous year[5]. - The operating profit (loss) for the year was HKD 10.87 million, down 46.4% from HKD 20.27 million in the previous year[7]. - The e-print segment reported a significant decline in operating profit, down 69.6% to HKD 6.18 million from HKD 20.31 million[7]. - The e-banner segment showed remarkable growth in operating profit, increasing to HKD 4.67 million from a loss of HKD 0.04 million, a change of 11,775.0%[7]. - Net profit attributable to equity holders was HKD 7.67 million, a decrease of 59.7% from HKD 19.01 million in the previous year[7]. - Basic earnings per share decreased to HKD 1.39 from HKD 3.46, reflecting a decline of 59.8%[7]. - The gross profit margin for the year was 37.8%, slightly down from 38.7% in the previous year[7]. - The net profit for the year ended March 31, 2022, was HKD 9,343,000, compared to HKD 19,339,000 in the previous year, indicating a decline of approximately 51.6%[29][31]. - The group recorded a profit attributable to equity holders of approximately HKD 7,700,000 for the year ended March 31, 2022, a decrease of about HKD 11,300,000 compared to HKD 19,000,000 in the previous year[100]. Assets and Liabilities - Total assets as of March 31, 2022, were HKD 335.08 million, a slight increase of 1.2% from HKD 331.15 million in the previous year[7]. - Total equity increased to HKD 255.60 million, up 2.0% from HKD 250.66 million[7]. - Cash and cash equivalents rose to HKD 113.91 million, a 6.9% increase from HKD 106.57 million[7]. - Non-current liabilities increased to HKD 3,493 million in 2022 from HKD 2,053 million in 2021, representing a growth of 70.0%[15]. - Trade payables rose significantly to HKD 11,493 million in 2022, up from HKD 7,186 million in 2021, marking an increase of 59.8%[15]. - Total liabilities decreased slightly to HKD 79,483 million in 2022 from HKD 80,497 million in 2021, a reduction of 1.3%[15]. - The company reported a total of HKD 70,699 million in current liabilities for 2022, a slight decrease from HKD 71,965 million in 2021, down by 1.8%[15]. - Deferred tax liabilities decreased to HKD 5,118 million in 2022 from HKD 6,009 million in 2021, a decline of 14.9%[15]. - The company’s borrowings increased to HKD 26,216 million in 2022, up from HKD 19,904 million in 2021, indicating a rise of 31.5%[15]. - Other payables decreased to HKD 173 million in 2022 from HKD 470 million in 2021, a decrease of 63.2%[15]. - Lease liabilities decreased significantly to HKD 6,221 million in 2022 from HKD 17,513 million in 2021, a drop of 64.5%[15]. - The company’s total assets remained stable, with a slight increase in total equity and liabilities, indicating a stable financial position despite fluctuations in specific liabilities[15]. Revenue Segmentation - Revenue from external customers in the paper printing segment was HKD 229,518,000, while the digital printing segment generated HKD 70,793,000, contributing significantly to the overall revenue[29]. - The paper printing segment generated revenue of approximately HKD 229,500,000, an increase of about HKD 19,100,000 or 9.1% year-on-year, with advertising printing contributing approximately HKD 90,300,000, accounting for about 29.5% of total revenue[69]. - The digital printing segment recorded revenue of approximately HKD 70,800,000, an increase of about HKD 14,300,000 or 25.4%, contributing approximately HKD 59,900,000, which is about 19.6% of total revenue[70]. - Revenue from advertising printing accounted for approximately 29.5% of total revenue for the year ended March 31, 2022, compared to 31.0% for the previous year[87]. - The website remained the primary sales channel, contributing approximately 58.3% of total revenue from printing and other services, an increase of about 3.0% from the previous year[89]. Expenses and Cost Management - Selling and distribution expenses accounted for approximately 9.3% of revenue for the year ended March 31, 2022, compared to 9.6% for the previous year[93]. - Administrative expenses increased significantly by approximately HKD 16.7 million, primarily due to increases in employee benefits and outsourced customer support expenses[94]. - Financing income decreased by approximately HKD 200,000 or about 4.6% due to the repayment of a loan of HKD 13 million during the year[95]. - Financing costs decreased by approximately HKD 500,000 or about 30.5%, mainly due to reduced interest expenses on lease liabilities[96]. - Employee benefit expenses increased by approximately HKD 27,300,000 or 45.6% to about HKD 87,000,000 for the year ended March 31, 2022, mainly due to the absence of a one-time government subsidy received in the previous year[115]. Future Outlook and Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[29]. - The company plans to diversify its business portfolio and explore new business development opportunities, including the acquisition of properties to expand its digital printing operations[73]. - The company will continue to enhance cost control measures and develop new business lines and customized products to meet market demand[74]. - The management anticipates ongoing challenges due to the COVID-19 pandemic, which may impact economic activities in the coming year[73]. Corporate Governance and Audit - The company has adopted the corporate governance code as per the listing rules, with a noted deviation regarding the separation of the roles of Chairman and CEO[123]. - The audit committee was established in November 2013 and consists of three independent non-executive directors[124]. - The company has not yet completed the preparation and audit of its annual results for the year ended March 31, 2022, due to COVID-19 disruptions affecting employee operations[127]. - The audit committee has reviewed the unaudited financial statements for the year ended March 31, 2022, but these results have not been approved by the auditors[128]. - The company expects to complete the audit procedures by July 29, 2022, and will publish the audited annual results on the Stock Exchange and its website by that date[131]. - The company will issue further announcements regarding the audited annual results and any significant accounting adjustments or differences compared to the unaudited results[129]. Shareholder Information - The company did not declare any final dividend for the year ending March 31, 2022, consistent with the previous year[62]. - The board did not recommend a final dividend for the year ended March 31, 2022[118]. - Shareholders and potential investors are advised to exercise caution when trading the company's securities due to the unaudited financial information[134].

Revenue and Profitability - Revenue for the e-print segment increased by 20.0% to HK$119,331, while the e-banner segment revenue rose by 17.0% to HK$34,750 for the six months ended September 30, 2021[10]. - Operating profit before other losses/gains increased significantly by 31.7% to HK$8,241, with the e-print segment contributing HK$5,147 and the e-banner segment contributing HK$3,094[10]. - Profit for the period attributable to equity holders of the company rose by 11.7% to HK$5,655 compared to HK$5,066 in the same period of 2020[11]. - Total revenue for the six months ended September 30, 2021, was HK$154,081,000, with paper printing contributing HK$119,631,000 and banner printing contributing HK$34,767,000[129]. - The segment results showed a profit of HK$7,769,000 for the period, with paper printing generating HK$4,646,000 and banner printing generating HK$3,123,000[129]. - Profit before income tax for the period was HK$7,400,000, with an income tax expense of HK$1,745,000[129]. - The Group's profit for the period was HK$5,655,000[129]. Assets and Liabilities - Total assets as of September 30, 2021, were HK$331,422, reflecting a slight increase of 0.1% from HK$331,152 as of March 31, 2021[10]. - Total liabilities decreased to HK$75,182,000 from HK$80,497,000, showing a reduction in financial obligations[20]. - Total equity attributable to equity holders of the Company increased to HK$256,240,000 from HK$250,655,000, indicating a positive change in shareholder equity[20]. - Non-current assets decreased to HK$162,952,000 from HK$173,268,000, primarily due to a reduction in property, plant, and equipment[18]. - Segment assets as of 30 September 2021 totaled HK$196,350,000, a decrease from HK$210,828,000 as of 31 March 2021, representing a decline of approximately 6.9%[142]. Cash Flow and Liquidity - Cash and cash equivalents increased by 15.3% to HK$122,828 compared to HK$106,565 as of March 31, 2021[10]. - The net cash generated from operating activities was HK$17,217,000, down from HK$26,526,000, reflecting a decline of 35.3% year-over-year[84]. - Cash flows from investing activities resulted in a net cash inflow of HK$7,313,000, compared to a net cash outflow of HK$22,782,000 in the previous year, indicating a significant improvement[84]. - The company reported a net increase in cash and cash equivalents of HK$16,204,000 for the period, compared to a decrease of HK$8,381,000 in the prior year[86]. - Cash and cash equivalents as of 30 September 2021 amounted to HK$122,828,000, up from HK$106,565,000 as of 31 March 2021, indicating an increase of about 15.2%[142]. Earnings and Dividends - Basic earnings per share decreased by 12.8% to HK$0.82 from HK$0.94 in the same period of 2020[10]. - The company declared an interim dividend of HK$0.8 cents per ordinary share for the six months ended 30 September 2021, compared to no dividend in 2020[165]. - Basic earnings per share for the six months ended 30 September 2021 was HK$0.82, compared to HK$0.94 for the same period in 2020, reflecting a decline of approximately 12.8%[155]. Expenses and Costs - Selling and distribution expenses increased to HK$13,928, up from HK$12,973 in the same period of 2020[11]. - Cost of materials for the six months ended 30 September 2021 was HK$32,183,000, an increase from HK$23,499,000 in 2020, indicating a rise of approximately 37.0%[145]. - Depreciation of property, plant, and equipment amounted to HK$5,450,000, with paper printing at HK$4,852,000 and banner printing at HK$598,000[129]. - Current income tax expense for the six months ended 30 September 2021 was HK$1,628,000, compared to HK$973,000 in 2020, representing an increase of approximately 67.2%[150]. Financial Instruments and Risk Management - The Group's financial risk management includes fair value estimation, which is crucial for assessing the financial instruments held[113]. - The fair value of financial instruments traded in active markets is based on readily available quoted market prices, ensuring transparency and accuracy in financial reporting[117]. - The carrying amounts of the Group's financial assets and liabilities approximate their fair values due to short maturities and market interest rates[112]. - Financial assets and liabilities with a maturity of less than one year are assumed to approximate their fair values, reflecting effective risk management practices[112]. Investments and Joint Ventures - The Group's investment in joint ventures decreased to HK$11,994,000 as of September 30, 2021, from HK$13,078,000 as of March 31, 2021, a decline of about 8.3%[188]. - The share of losses from joint ventures for the six months ended September 30, 2021, was HK$999,000, compared to a profit of HK$375,000 in the same period last year[188]. - The Group's investments in associates as of September 30, 2021, included a 20% stake in a real estate agency in Hong Kong and a 40% stake in a food service company, both measured using the equity method[196]. Compliance and Accounting Standards - The financial information is prepared in accordance with Hong Kong Accounting Standards, ensuring compliance with local regulations and standards[89]. - The Group's accounting policies are consistent with those used for the financial statements for the year ended 31 March 2021, with no significant impacts from the adoption of new amendments[3]. - No new standards or amendments are expected to have a material impact on the Group for the interim period[5].

Financial Performance - For the year ended March 31, 2021, the e-print segment revenue was HK$266.9 million, a decrease of 27.0% from HK$365.8 million in 2020[15]. - The e-banner segment recorded an operating profit of HK$56.5 million, down 32.3% from HK$83.5 million in the previous year[15]. - Profit attributable to equity holders of the Company increased to HK$19.0 million, representing a 233.3% increase from HK$5.7 million in 2020[15]. - The net profit margin attributable to equity holders of the Company improved to 7.1%, compared to 1.6% in the previous year[15]. - Total revenue from all sales channels was HK$266.9 million, with websites contributing approximately 55.3% of total revenue[48]. - Revenue from printing and other services decreased by approximately HK$98.9 million or approximately 27.0%, from approximately HK$365.8 million to approximately HK$266.9 million due to the impact of the macroeconomic downturn and COVID-19[42]. - The paper printing segment reported a revenue decline of approximately 25.5%, while the banner printing segment experienced a decrease of approximately 32.3%[34][35]. Assets and Equity - Total assets as of March 31, 2021, were HK$331.2 million, a slight increase of 1.1% from HK$327.6 million in 2020[15]. - Total equity rose to HK$250.7 million, reflecting a 9.0% increase from HK$230.0 million in the prior year[15]. - Cash and cash equivalents increased to HK$106.6 million, up 5.0% from HK$101.5 million in 2020[15]. - As of 31 March 2021, the current ratio was 2.2, unchanged from the previous year, while the gearing ratio decreased to 15.7% from 25.4%[59][60]. - The Group's bank borrowings were approximately HK$19.9 million as of March 31, 2021, down from HK$21.2 million in the previous year, with a weighted average interest rate of 2.3% for both FY2020/21 and FY2019/20[61][63]. Cost Management - Management implemented cost reduction measures and developed new income sources to mitigate the impact of the pandemic[20]. - Subcontracting costs decreased from approximately HK$111.3 million to approximately HK$58.0 million, representing a reduction of approximately 47.9%[24]. - The gross profit margin increased from approximately 34.8% to approximately 38.7% due to a significant reduction in the cost of sales[32]. - The Group plans to strengthen cost control to maintain a competitive pricing strategy[40]. - The Group will continue to implement measures to control operational costs amid ongoing uncertainties due to the COVID-19 pandemic[27]. Business Challenges and Strategies - The Group faced challenges due to COVID-19, leading to reduced market demand and sales orders throughout the year[19]. - The management expects the operating environment in Hong Kong to remain challenging and uncertain in the coming period[40]. - New business lines and customized products will be developed to meet market demand[40]. - The Group will enhance value-added services, including the e-print app and self-service platforms[40]. - Management plans to explore different business opportunities to enhance long-term growth and maximize shareholder value[27]. Corporate Governance - The company reported compliance with the Corporate Governance Code during FY2020/21, with one deviation regarding the separation of the roles of chairman and CEO[81]. - The Board consists of seven Directors, including two executive Directors, two non-executive Directors, and three independent non-executive Directors[84]. - The company aims to enhance corporate governance practices to ensure proper regulation of business activities and decision-making processes[81]. - The Board will continue to review and improve corporate governance standards to enhance shareholder value[81]. - The company has a balanced board composition to ensure strong independence and effective leadership[86]. Risk Management - The Group's risk management framework follows the COSO Enterprise Risk Management – Integrated Framework, allowing effective management of risks[189]. - For FY2020/21, principal risks identified include strategic risks from potential market volatility and operational risks from the outbreak of coronavirus disease[193]. - The Group maintains a risk register to track major risks, which is updated at least annually based on likelihood and potential impact[195]. - The effectiveness of the Group's risk management framework will be evaluated at least annually, with periodic management meetings to update progress[198]. - The Company will continue to engage external professionals annually to review and enhance the internal control and risk management systems[199]. Shareholder Communication - The Company is committed to open communication and reasonable disclosure of information to its shareholders[177]. - The Board acknowledges its responsibility to prepare consolidated financial statements that provide a true and fair view of the Group's financial position[180]. - The Company will publish annual and interim results and reports to all shareholders[178]. - All shareholder votes at general meetings must be taken by poll, except for procedural matters[173]. - Shareholders holding at least 10% of the paid-up capital can requisition an extraordinary general meeting[167].