Financial Performance - For the year 2020, the profit attributable to owners of the Company was HK$44,853,000, an increase of 39% from HK$32,252,000 in 2019[5]. - Revenue for 2020 was HK$311,835,000, up 10.6% from HK$282,037,000 in 2019[4]. - Basic earnings per share increased to HK9.34 cents in 2020 from HK6.72 cents in 2019[5]. - Total assets rose to HK$410,827,000 in 2020, compared to HK$341,924,000 in 2019, reflecting a growth of 20.1%[4]. - Total liabilities increased to HK$87,710,000 in 2020 from HK$42,710,000 in 2019, marking a significant rise of 105.5%[4]. - The Group's revenue increased by approximately 10.6% to approximately HK$311.8 million for the year ended 30 June 2020 compared to the previous year[17]. - Gross profit rose by approximately 13.4% from approximately HK$101.1 million for the year ended 30 June 2019 to approximately HK$114.7 million for the year ended 30 June 2020[17]. - Gross profit margin increased from approximately 35.9% in 2019 to approximately 36.8% in 2020[18]. - Profit for the year increased by approximately HK$12.6 million from approximately HK$32.3 million in 2019 to approximately HK$44.9 million in 2020[18]. - Net profit margin improved from approximately 11.4% for the year ended 30 June 2019 to approximately 14.4% for the year ended 30 June 2020[18]. Dividends - The Company proposed a total dividend of HK4.5 cents for 2020, up from HK3.5 cents in 2019, indicating a commitment to stable returns for shareholders[5]. - The Directors recommended a final dividend of HK3.5 cents per share, which, combined with an interim dividend of HK1 cent, totals HK4.5 cents per share for the current year[54]. Market Outlook and Strategy - Future market outlook remains uncertain due to ongoing trade disputes and the impact of COVID-19, with expectations of no immediate return to stability[5]. - The Group aims to adapt to changing market demands and seize opportunities in potential new markets for sustained growth[5]. - The Group plans to implement more stringent cost control measures to enhance production efficiency in response to market challenges[7]. - The Company is actively exploring advanced printing technologies and innovative materials to differentiate itself from competitors[7]. Revenue Breakdown - Revenue from packaging printing increased by approximately 4.2% to approximately HK$189.3 million for the year ended 30 June 2020[26]. - Revenue from paper gift set printing increased by approximately 13.8% to approximately HK$62.7 million for the year ended 30 June 2020 compared to HK$55.1 million for the year ended 30 June 2019[28]. - Revenue from card printing increased by approximately 11.5% to approximately HK$34.0 million for the year ended 30 June 2020 compared to the previous year[28]. - Revenue from smart package printing surged by approximately 210.9% to approximately HK$14.3 million for the year ended 30 June 2020 compared to 2019[28]. - Revenue from other printing services increased by approximately 13.8% to approximately HK$11.5 million for the year ended 30 June 2020 compared to 2019[28]. Expenses and Costs - Administrative expenses remained stable at approximately HK$60.0 million for the year ended 30 June 2020 compared to approximately HK$59.0 million for the year ended 30 June 2019[35]. - Selling and distribution expenses increased to approximately HK$5.1 million for the year ended 30 June 2020 from approximately HK$4.6 million for the year ended 30 June 2019[36]. - Direct labor costs amounted to approximately HK$29.6 million for the year ended 30 June 2020, compared to approximately HK$29.3 million for the year ended 30 June 2019[53]. - A provision for redundancy costs of approximately HK$10.3 million was recorded for the year ended 30 June 2020, while there was no such provision in 2019[53]. Capital Expenditure and Utilization - The Group recorded over HK$17.0 million in capital expenditure during the year, primarily for automation and equipment upgrades[46]. - Approximately HK$42.1 million has been utilized for equipment upgrades to improve the production process, HK$8.3 million for general working capital, and HK$0.2 million for consulting on the ERP system upgrade[63]. - The total amount utilized up to the report date is HK$50.6 million, with HK$73.4 million remaining unutilized[65]. Corporate Governance - The Company is committed to maintaining high standards of corporate governance practices and procedures[74]. - The Board of Directors consists of 7 members, including 4 Executive Directors and 3 Independent Non-executive Directors[76]. - All Independent Non-executive Directors have confirmed their independence according to the Listing Rules[83]. - The Nomination Committee is responsible for recommending candidates for directorship, with a majority of its members being Independent Non-executive Directors[85]. - The Board is accountable to shareholders and oversees the management of the Group's business and affairs[86]. - All Directors are covered by Director's & Officer's Liability Insurance as part of best practices[88]. - The attendance record of the directors at board meetings since June 30, 2019, shows a 100% attendance rate for all executive and independent non-executive directors[98]. Internal Controls and Audit - The Audit Committee assists the Board in maintaining an effective internal control system and reviews the risk assessment process[118]. - The Directors acknowledge their responsibility for preparing the financial statements in accordance with statutory requirements and applicable accounting standards[119]. - The overall financial, operational, and compliance controls, as well as risk management, are reported to be effective by the Board with the help of the Audit Committee[118]. - The Audit Committee reviewed the effectiveness of the Company's internal control and risk management systems during the year[148]. Environmental, Social, and Governance (ESG) - The Group's environmental, social, and governance (ESG) report covers the period from July 1, 2019, to June 30, 2020[172]. - The Group's ESG policies include minimizing environmental burden and prioritizing environmental and social issues[177]. - The air emissions from the PRC factory were reduced by approximately 20%, from 569 kg in FY2018/19 to 456 kg in FY2019/20[187]. - The emissions of nitrogen oxides (NOx), sulphur oxides (SOx), and respiratory suspended particles (RSP) were reduced by approximately 20%, 21%, and 20% respectively compared to FY2018/19[194]. - The company has implemented eco-friendly measures to enhance energy efficiency and reduce carbon footprint in its operations[187]. - The company integrates sustainability into its corporate culture and decision-making processes[180].

Financial Performance - The Group's revenue increased by approximately 16.7% to approximately HK$178.2 million for the six months ended December 31, 2019, compared to the same period last year[7]. - Gross profit increased by approximately 20.8% from approximately HK$54.9 million for the six months ended December 31, 2018, to approximately HK$66.3 million for the same period in 2019[7]. - Profit for the period increased by approximately HK$9.0 million from approximately HK$19.0 million to approximately HK$28.0 million[7]. - Basic earnings per share rose to HK5.84 cents, compared to HK3.97 cents for the corresponding period in 2018[8]. - Profit before tax increased to HK$33.68 million, up 45.7% from HK$23.11 million in the prior year[76]. - The profit for the period was HK$28.02 million, compared to HK$19.04 million in the previous year, marking a growth of 47.2%[79]. - Total comprehensive income for the period attributable to owners of the Company was HK$20.46 million, compared to HK$14.51 million in the previous year, reflecting a growth of 41.0%[79]. Revenue Breakdown - Revenue contribution from packaging printing decreased by approximately 2.6% to approximately HK$110.7 million for the six months ended December 31, 2019[15]. - Revenue from card printing services increased by approximately 124.2% to approximately HK$24.2 million compared to the same period in 2018[19]. - Revenue from smart package printing services surged by approximately 323.1% to approximately HK$13.2 million compared to the same period in 2018[20]. - Revenue from paper gift set printing increased by approximately 43.9% to approximately HK$26.4 million compared to the same period in 2018[18]. - Revenue from other printing services decreased by approximately 45.6% to approximately HK$3.7 million compared to the same period in 2018[25]. Cost and Expenses - The Group's net profit margin increased from approximately 12.5% to approximately 15.7% for the same periods[7]. - Income tax expenses increased by approximately HK$1.6 million from approximately HK$4.1 million to approximately HK$5.7 million for the same periods[46]. - The Group's administrative expenses were HK$30.81 million, slightly increasing from HK$30.48 million in the previous year[76]. - Total tax charge for the period was HK$5,664,000, representing a 39.2% increase from HK$4,068,000 in the previous year[147]. Assets and Liabilities - The Group's net assets amounted to approximately HK$307.7 million as at 31 December 2019[47]. - Total non-current assets increased to HK$98,629,000 as of December 31, 2019, compared to HK$63,810,000 as of June 30, 2019, representing a significant growth[82]. - Current assets totaled HK$291,230,000 as of December 31, 2019, up from HK$278,114,000 as of June 30, 2019, indicating a growth of approximately 4.0%[82]. - Total equity increased to HK$307,670,000 as of December 31, 2019, compared to HK$299,214,000 as of June 30, 2019, marking an increase of approximately 2.5%[82]. - Total non-current liabilities remained low at HK$14,763,000 as of December 31, 2019, compared to HK$130,000 as of June 30, 2019, indicating effective management of long-term obligations[82]. Cash Flow - Cash generated from operations reached HK$54,583,000, significantly higher than HK$24,810,000 in the previous year, reflecting a growth of approximately 119%[88]. - Net cash flows from operating activities amounted to HK$52,722,000, compared to HK$14,346,000 in the prior year, indicating a substantial increase[88]. - The company reported a net increase in cash and cash equivalents of HK$35,572,000 for the period, up from HK$219,000 in the previous year[91]. - Cash and cash equivalents at the end of the period were HK$209,929,000, compared to HK$187,931,000 at the end of the previous period, showing an increase of approximately 11.1%[91]. Shareholder Information - As of December 31, 2019, Peter Chan holds a long position of 360,000,000 shares in the Company, representing approximately 75% of the total issued share capital[190]. - Kenneth Chan also holds a long position of 360,000,000 shares in the Company, equivalent to about 75% of the total issued share capital[193]. - The Company has multiple directors with significant interests in controlled corporations, all holding 360,000,000 shares, which is 75% of the total issued share capital[192]. - The total number of shares held by directors indicates a strong control over the Company's equity structure[190]. - The Company will be owned as to 54.8% by Goody Luck and 20.2% by Goody Capital after the completion of the capitalization issue and share offer[1]. Accounting Standards - The Group adopted HKFRS 16 using the modified retrospective method with the date of initial application of July 1, 2019[104]. - Under HKFRS 16, all leases are accounted for under a single on-balance sheet model, requiring recognition of right-of-use assets and lease liabilities[104]. - The Group recognized an increase in right-of-use assets amounting to HK$31,003,000 as of July 1, 2019[110]. - Total assets increased by HK$31,003,000 due to the adoption of HKFRS 16[110]. - Lease liabilities also increased by HK$31,003,000 as a result of the new accounting standard[110].

Financial Performance - The profit for the year attributable to owners of the Company amounted to HK$32,252,000, a significant increase from HK$9,017,000 in 2018, representing a growth of 258%[14] - Basic earnings per share increased to HK6.72 cents from HK2.07 cents in 2018, reflecting improved profitability[14] - Total revenue for the year was HK$282,037,000, compared to HK$270,195,000 in 2018, marking an increase of 4.9%[9] - Gross profit increased by approximately 11.7% from approximately HK$90.5 million to approximately HK$101.1 million for the same period[32] - Profit for the year rose by approximately HK$23.3 million to approximately HK$32.3 million, with a net profit margin increase from approximately 3.3% to approximately 11.4%[33] - The Group's revenue increased by approximately 4.4% to approximately HK$282.0 million for the year ended 30 June 2019 compared to the previous year[48] - Basic earnings per share for the year ended 30 June 2019 was HK6.72 cents, up from HK2.07 cents for the previous year[34] Assets and Liabilities - Total assets as of June 30, 2019, were HK$341,924,000, up from HK$335,498,000 in 2018[10] - Total liabilities decreased to HK$42,710,000 from HK$45,808,000 in 2018, indicating improved financial stability[10] - As at 30 June 2019, the Group's net assets amounted to approximately HK$299.2 million, an increase from approximately HK$289.7 million as at 30 June 2018[51] - The current ratio was approximately 6.5 and 6.0 as at 30 June 2019 and 30 June 2018, respectively[53] - The net current assets amounted to approximately HK$235.5 million, an increase from HK$226.5 million in the previous year[57] Dividends - The Company proposed a total dividend of HK3.5 cents, an increase from HK3.0 cents in 2018, demonstrating confidence in financial performance[14] - The total proposed dividend for the current year is HK$3.5 cents per share, an increase from HK$3 cents per share in 2018[68] Revenue Breakdown - Revenue from packaging printing decreased by approximately 4.2% to approximately HK$181.7 million due to cautious spending by customers amid the trade war[43] - Revenue from booklet printing increased by approximately 57.0% to approximately HK$55.1 million, driven by increased customer orders[43] - Revenue from card printing increased by approximately 3.4% to approximately HK$30.5 million[43] - Revenue from IT Technology printing services was approximately HK$4.6 million, a decrease of approximately HK$0.5 million compared to the previous year[43] - Revenue from other printing services decreased by approximately 6.5% to approximately HK$10.1 million[43] Operational Strategies - The Group plans to enhance operational effectiveness and explore potential new markets for sustainable growth amid ongoing trade war challenges[18] - Stringent cost control policies will be adopted to minimize waste and enhance production efficiency[18] - The Company is actively seeking advanced printing technologies and materials to provide value-added services to customers[19] Environmental Performance - The company's air emissions in the PRC factory were reduced by approximately 31%, from 820,000g in FY2018 to 569,000g in FY2019[180] - Emissions of nitrogen oxides (NOx), sulphur oxides (SOx), and respiratory suspended particles (RSP) were reduced by approximately 31%, 32%, and 31% respectively during the reporting year[190] - The operations in the PRC factory account for approximately 99% of the company's total emissions[175] - There were no material non-compliance issues with relevant environmental laws and regulations during the reporting year[176] - The company plans to disclose the environmental performance of its Hong Kong office starting from the next reporting year for better overall impact assessment[175] - The company has implemented eco-friendly measures to reduce its carbon footprint in business operations[180] - The Group is committed to environmental conservation, natural resource saving, and waste reduction as part of its green practices[198] Corporate Governance - All Independent Non-executive Directors have confirmed their independence in accordance with Rule 3.13 of the Listing Rules[95] - The attendance record of Directors at board meetings since June 30, 2018, shows a 100% attendance rate for all Executive and Independent Non-executive Directors[98] - Each Director has access to independent professional advice whenever necessary[100] - The Company emphasizes the importance of internal control and risk management to safeguard assets and shareholder interests[115] - The Audit Committee reviews the effectiveness of the internal control system and assists the Board in its responsibilities[118] - The Board is satisfied that the overall financial, operational, and compliance controls remain effective[123] Shareholder Communication - The AGM provides an opportunity for communication between the Board and shareholders, with key personnel present to address shareholder questions[144] - Shareholders holding at least 10% of the paid-up capital can requisition an Extraordinary General Meeting (EGM) within two months of their request[149] - The Company maintains a proactive policy for promoting investor relations and communications, ensuring timely access to corporate and financial information[153] - Specific enquiries and suggestions from shareholders can be sent in writing to the Board or Company Secretary[152] - The Company’s website features a dedicated Investor Relations section to facilitate communication with shareholders and investors[153] Audit and Compliance - For the year ended June 30, 2019, the auditors received approximately HK$1,337,000 for audit services, an increase from HK$1,272,000 in 2018[127] - Non-audit services provided to the Group amounted to approximately HK$80,000 in 2019, compared to HK$76,000 in 2018[127] - The audit committee reviews the financial statements and compliance with accounting standards for the financial year ended June 30, 2019[140] - The audit committee is satisfied with the external auditors' work and has recommended their re-appointment for the financial year ending June 30, 2020[140]

Revenue and Profitability - The Group's revenue increased by approximately 1.0% to approximately HK$152.7 million for the six months ended December 31, 2018, compared to the same period last year[12]. - Gross profit increased by approximately 8.7% from approximately HK$50.5 million to approximately HK$54.9 million due to a drop in raw material costs[12]. - Gross profit margin improved by approximately 2.5% from approximately 33.4% to approximately 35.9% for the same period[13]. - Profit for the period rose by approximately HK$15.5 million to approximately HK$19.0 million, with a net profit margin increase from approximately 2.3% to approximately 12.5%[13]. - Basic earnings per share increased to HK3.97 cents from HK0.90 cents for the corresponding period in 2017[14]. - Profit before tax increased significantly to HK$23.1 million, up from HK$7.5 million in the previous year, marking a growth of 207.5%[86]. - The profit for the period was HK$19.0 million, compared to HK$3.5 million in 2017, reflecting a substantial increase of 442.5%[86]. - The total comprehensive income for the period attributable to equity holders was HK$14.5 million, compared to HK$6.0 million in 2017[88]. Revenue Breakdown - Revenue from packaging printing increased by approximately 0.1% to approximately HK$113.6 million for the six months ended December 31, 2018[26]. - Revenue from booklet printing increased by approximately 6.1% to approximately HK$18.3 million due to more customer orders[29]. - Revenue from card printing decreased by approximately 13.0% to approximately HK$10.8 million compared to the same period in 2017[30]. - Revenue from IT Technology printing increased by approximately 51.9% to approximately HK$3.1 million for the six months ended 31 December 2018 compared to the same period in 2017[31]. - Revenue from other printing services increased by approximately 14.4% to approximately HK$6.9 million for the six months ended 31 December 2018 compared to the same period in 2017[32]. - Revenue from Hong Kong customers was HK$115,488,000, up 26% from HK$91,507,000 in 2017, while revenue from the United States decreased by 57% to HK$16,869,000 from HK$39,174,000[144]. Expenses and Costs - Administrative expenses increased from approximately HK$27.1 million to approximately HK$30.5 million for the six months ended December 31, 2018, primarily due to increased professional fees and salary increments[40]. - The cost of inventories sold for the period was HK$97,846,000, compared to HK$87,036,000 in 2017, reflecting an increase of 12%[153]. - Employee benefit expenses for the period amounted to HK$31,653,000, an increase of 17% from HK$26,955,000 in the previous year[153]. - The direct labor cost for the six months ended December 31, 2018, was approximately HK$15.7 million, compared to approximately HK$14.7 million for the same period in 2017[69]. Cash Flow and Financial Position - As of 31 December 2018, cash and cash equivalents amounted to approximately HK$187.9 million, a slight decrease from approximately HK$190.7 million as of 30 June 2018[55]. - The current ratio increased to approximately 6.2 times as of 31 December 2018, up from approximately 6.0 times as of 30 June 2018[55]. - Cash generated from operations for the six months ended December 31, 2018, was HK$26,370,000, compared to a cash used in operations of HK$53,384,000 for the same period in 2017[127]. - The net cash flows from operating activities for the period were HK$15,906,000, a significant improvement from the net cash used of HK$67,384,000 in the previous year[127]. - The Group's current assets amounted to approximately HK$233.4 million, resulting in a current ratio of approximately 6.2 times, an increase from 6.0 times as of June 30, 2018[59]. - The total equity at December 31, 2018, was HK$289,802,000, reflecting an increase from HK$289,690,000 at July 1, 2018[109]. Dividends - The Directors recommended an interim dividend of HK1 cent per share, compared to no dividend in the previous year[70]. - The company declared a final dividend of HK$14,400,000 for 2018[106]. - A final dividend of HK$3 cents per ordinary share was proposed for the year ended June 30, 2018, amounting to HK$14,400,000, which was paid before December 31, 2018[170]. - An interim dividend of HK$1 cent per ordinary share was declared for the six months ended December 31, 2018, while no interim dividend was declared for the same period in 2017[171]. Challenges and Market Conditions - The ongoing trade war between China and the USA has negatively influenced customer spending on printing and promotion, posing challenges to the Group's operations[11]. - The management anticipates challenges due to the trade war between China and the USA, impacting market sentiments and posing global economic uncertainty[38]. Capital Expenditure and Investments - The Group recorded over HK$3.1 million in capital expenditure during the period, primarily for automation and equipment upgrades[61]. - The Group used approximately HK$14.0 million for equipment upgrades, approximately HK$8.3 million for general working capital, and approximately HK$0.2 million for ERP system consultation from the net proceeds of the IPO[78]. - The Group intends to use the net proceeds to purchase four presses, relocate the Shenzhen Factory, and upgrade the ERP system[78]. - The relocation plan for the new plant has been delayed due to the sale of the land to an independent third party, affecting approximately HK$33.9 million of the proceeds[80]. Taxation - Income tax expenses increased by approximately HK$0.1 million to approximately HK$4.1 million for the six months ended December 31, 2018[52]. - The total tax charge for the period was HK$4,068,000, slightly up from HK$4,033,000 in the previous year, reflecting a marginal increase of 0.87%[162]. - The Group's current tax charge for Hong Kong was HK$2,934,000 for the period, slightly down from HK$3,043,000 in the previous year[162]. Employee and Workforce - The Group had 678 employees as of December 31, 2018, with an increase in production staff during the peak season from June to September[68]. - The Group's trade payables are non-interest-bearing and are typically settled within three months[193]. - The ageing analysis of trade receivables showed that HK$40,637,000 were neither past due nor impaired as of December 31, 2018[180]. - The directors believe no provision for impairment is necessary for receivables that are past due but not impaired, as the credit quality has not significantly changed[182].