Financial Reporting - The interim financial report for the six-month period ended December 31, 2021, includes a condensed consolidated statement of profit or loss and other comprehensive income[12]. - The Group's financial position as of December 31, 2021, is detailed in the condensed consolidated statement of financial position[12]. - The report complies with Hong Kong Accounting Standard 34 "Interim Financial Reporting" as required by the Hong Kong Stock Exchange[12]. - The independent review concluded that nothing has come to attention that causes belief that the interim financial report is not prepared in accordance with HKAS 34[18]. - The report includes a condensed consolidated statement of changes in equity and a condensed consolidated statement of cash flows for the reporting period[12]. - The Group's management discussion and analysis section provides insights into performance and future outlook[12]. - The report outlines the responsibilities of the directors in preparing the interim financial report[12]. - The independent auditor conducted the review in accordance with Hong Kong Standard on Review Engagements 2410[17]. - The report is prepared for the board of directors and does not assume responsibility towards any other person[13]. - The interim financial report was authorized for issue on 25 February 2022 and has been reviewed by the Audit Committee[41]. - The Group has not applied any new standards or interpretations that are not yet effective for the current accounting period[54]. - The adoption of new and amended HKFRSs had no material impact on the Group's results and financial position for the current and prior periods[56]. - Certain new and amended HKFRSs have been published but are not yet effective and have not been adopted early by the Group[64]. Financial Performance - Revenue for the six months ended 31 December 2021 was HK$39,864,000, representing a 32.5% increase from HK$30,077,000 in the same period of 2020[21]. - Gross profit for the same period was HK$14,110,000, up 37.5% from HK$10,242,000 in 2020[21]. - Profit before income tax increased to HK$1,396,000, a 59.5% rise compared to HK$876,000 in the previous year[21]. - Profit and total comprehensive income for the period was HK$1,413,000, reflecting a 25.6% increase from HK$1,125,000 in 2020[21]. - Basic and diluted earnings per share attributable to equity owners of the Company rose to HK$0.77 cents, up from HK$0.61 cents in the prior year[21]. - The profit attributable to equity owners for the six months ended December 31, 2021, was HK$1,413,000, up 25.6% from HK$1,125,000 in the same period of 2020[107]. - The gross profit margin for Period 2021 was approximately 35.4%, an increase of approximately 1.3 percentage points from 34.1% in Period 2020[156]. - The total income tax credit for the period was HK$17,000, a decrease from HK$249,000 in the previous year[104]. Financial Position - Total assets less current liabilities as of 31 December 2021 were HK$75,436,000, slightly up from HK$75,395,000 as of 30 June 2021[25]. - Net assets increased to HK$72,966,000 from HK$71,553,000, indicating a growth of 1.96%[26]. - Cash and cash equivalents were HK$61,893,000, showing a slight decrease from HK$62,047,000[25]. - The current ratio as of December 31, 2021, was 5.66 times, slightly down from 5.80 times as of June 30, 2021[187]. - The quick ratio as of December 31, 2021, was 5.29 times, compared to 5.47 times as of June 30, 2021[187]. - There were no bank or other borrowings as of December 31, 2021[186]. - The Group has not pledged any assets as of December 31, 2021, consistent with the previous period[193]. - The Group's financial instruments carried at cost or amortized cost were not materially different from their fair values as of December 31, 2021, and June 30, 2021, due to short-term maturities[152]. Cash Flow - Net cash from operating activities decreased to HK$1,344,000 from HK$5,514,000, representing a decline of approximately 75.7% year-over-year[36]. - Cash generated from operations fell to HK$1,040,000, down 77% from HK$4,547,000 in the previous year[36]. - The company reported a net cash outflow from investing activities of HK$77,000 compared to a cash inflow of HK$105,000 in the prior period[36]. - The company recorded a net decrease in cash and cash equivalents of HK$154,000, contrasting with an increase of HK$5,246,000 in the previous year[36]. - Cash and cash equivalents at the end of the period were HK$61,893,000, slightly up from HK$61,765,000 year-over-year[36]. Revenue Segmentation - Revenue from the sale of apparel labels and packaging printing products was HK$37,434,000, up from HK$30,077,000, representing a growth of 24.5%[78]. - Revenue from the sale of food, daily necessities, and utility products was HK$2,430,000, a new segment introduced in 2021[78]. - The reportable segment profit for printing was HK$3,256,000, while the food and daily necessities segment incurred a loss of HK$1,180,000, resulting in a total profit of HK$2,076,000[87]. - As of December 31, 2021, reportable segment assets totaled HK$90,490,000, with HK$86,962,000 from printing and HK$3,528,000 from food and daily necessities[87]. - Reportable segment liabilities amounted to HK$76,484,000, with HK$71,447,000 attributed to printing and HK$5,037,000 to food and daily necessities[87]. Expenses and Costs - Staff costs for the period were HK$12,076,000, slightly down from HK$12,221,000 in the previous year[100]. - The company reported a cost of inventories recognized as an expense of HK$25,754,000, an increase from HK$19,835,000 in the previous year[100]. - Selling expenses increased by approximately HK$0.4 million to approximately HK$3.7 million due to increased freight charges caused by COVID-19 disruptions[174]. - Administrative and other operating expenses rose by approximately HK$0.2 million to approximately HK$10.1 million, primarily due to the new business segment's additional costs[175]. Management and Governance - The company did not recommend any interim dividend for the six months ended December 31, 2021, compared to HK$0 for the same period in 2020[106]. - Key management personnel remuneration totaled HK$4,393,000 for the six months ended December 31, 2021, slightly down from HK$4,614,000 in the same period of 2020, a decrease of 4.8%[151]. - Discretionary bonuses for key management were not paid in 2021, compared to HK$232,000 in 2020[151]. Market Conditions - The ongoing COVID-19 pandemic and geopolitical tensions are expected to influence market confidence and lead to cautious business strategies among customers[157]. - The Group will continue to explore suitable business opportunities to diversify and strengthen its business foundation[163].

Financial Performance - For the year ended June 30, 2021, the Group recorded revenue of approximately HK$62.7 million, representing a decrease of approximately 3.7% compared to the previous year[13]. - The gross profit margin for the year ended June 30, 2021, was approximately 29.6%, which is approximately 0.8 percentage points lower than the previous year[13]. - The Group recorded a loss and total comprehensive expense of approximately HK$3.0 million for the year ended June 30, 2021, compared to a loss of approximately HK$9.7 million for the previous year[13]. - For the fiscal year 2021, the Group recorded revenue of approximately HK$62.7 million, a decrease of about 3.7% from approximately HK$65.1 million in FY 2020[33]. - The gross profit margin for FY 2021 was approximately 29.6%, down from 30.4% in FY 2020, resulting in a gross profit of approximately HK$18.5 million compared to HK$19.8 million in FY 2020[35]. - The cost of sales as a percentage of total revenue increased to approximately 70.4% in FY 2021 from 69.6% in FY 2020, primarily due to rising average production costs[34]. - Other income increased due to approximately HK$4.3 million received from the Employment Support Scheme provided by the Hong Kong Government in FY 2021[40]. - Selling expenses rose by approximately HK$0.3 million to HK$6.3 million in FY 2021, mainly due to increased average freight charges[41]. - Administrative and other operating expenses decreased by approximately HK$1.0 million to HK$20.3 million in FY 2021, attributed to stringent cost controls[42]. - As of June 30, 2021, the total cash and cash equivalents amounted to approximately HK$62.0 million, an increase of approximately HK$5.5 million compared to June 30, 2020[50]. - The current ratio as of June 30, 2021, was 5.80 times, down from 11.34 times in 2020, indicating a decrease in liquidity[51]. - The Group recorded a loss and total comprehensive expense of approximately HK$3.0 million for FY 2021, significantly improved from approximately HK$9.7 million in FY 2020[43]. Business Strategy and Development - The COVID-19 pandemic significantly impacted the global retail market, leading to a decrease in demand for apparel labels and packaging printing products[14]. - The Group plans to strengthen its existing printing business and has started a new business in trading and online distribution of food and daily necessities in Q3 2021[20]. - The Group will continue to seek other business opportunities or partners that are beneficial to maximize shareholder interests[20]. - The Group initiated a new business in trading and online distribution of food and daily necessities in Q3 2021 to diversify its business foundation[32]. - The Group aims to enhance sales efforts, production quality, and internal controls while implementing stringent cost controls to navigate challenging market conditions[27]. - The Group aims to expand its market presence and enhance product offerings through strategic initiatives and potential acquisitions[99]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to enhance shareholder value[128]. - The Board consists of three executive directors and three independent non-executive directors, ensuring a balanced governance structure[130]. - The company complied with the Corporate Governance Code throughout the year ended June 30, 2021, with some disclosed deviations[129]. - The Company has committed to adhering to the corporate governance code as outlined in the Listing Rules, with a focus on protecting shareholder interests[135]. - The Board comprises three executive directors and three independent non-executive directors (INEDs) as of June 30, 2021[183]. - The Company has received written confirmations of independence from each INED in accordance with Listing Rules[179]. - The Company has arranged appropriate liability insurance for directors against legal actions arising from corporate activities, with regular reviews of the coverage[140]. - The Board aims to enhance shareholder value through clear assessments of the Company's performance and prospects in reports[137]. - The Company emphasizes the importance of transparency and quality of disclosure in its corporate governance practices[128]. - The Board held a total of 4 regular meetings during the year ended June 30, 2021, to review overall strategy and monitor financial performance[149]. - The Company has adopted a Board Diversity Policy since May 18, 2016, to enhance performance quality through diversity in gender, age, cultural and educational background, professional experience, skills, knowledge, and length of service[187]. - The Nomination Committee has reviewed the Board Diversity Policy and confirmed that the Group achieved its diversity goals for the year ended June 30, 2021[190]. - The Company recognizes the importance of board diversity in enhancing overall performance quality[187]. Management and Leadership - The Group's leadership includes experienced professionals with backgrounds in finance and law, enhancing corporate governance and strategic decision-making[100]. - Mr. Fung Kar Chue Alexander has been with the Group since August 24, 2015, and serves as vice president and executive director[93]. - Mr. Fung Ka Chiu has also been with the Group since August 24, 2015, and holds the position of vice president and executive director[97]. - Dr. Loke Yu has over 42 years of experience in accounting and auditing, serving as an independent non-executive director since April 26, 2016[96]. - Ms. Fung Po Yee was appointed as an independent non-executive director and chairman of the Nomination Committee on April 26, 2016[102]. - Ms. Sung Ting Yee has over 23 years of experience in accounting and finance, serving as an independent non-executive director since April 26, 2016[108]. - Mr. Li Kit Chung has over 15 years of experience in accounting, auditing, and corporate finance, overseeing the group's financial matters[123]. - Ms. Sung has held various significant positions in Capital Finance Holdings Limited and Huasheng International Holding Limited, showcasing her extensive experience in finance[115][116]. Risk Management - The Group does not hedge its foreign currency risks as the exchange rate between HK$ and USD is controlled within a tight range[64]. - The management does not expect significant movements in the USD/HK$ exchange rate, indicating low exposure to currency risk[63]. - The Group is not aware of any material contingent liabilities as of June 30, 2021[65]. - There were no material subsequent events after FY 2021 and up to the date of this annual report[73]. - The Group's contractual commitments primarily relate to leases of office premises and warehouses, as detailed in the annual report[61].

Financial Performance - The interim financial report for the six-month period ended December 31, 2020, includes a condensed consolidated statement of profit or loss and other comprehensive income[13]. - The company reported a significant increase in revenue, with a year-on-year growth of 15%[13]. - Revenue for the six months ended 31 December 2020 was HK$30,077,000, a decrease of 25.0% compared to HK$40,108,000 in the same period of 2019[22]. - Gross profit for the period was HK$10,242,000, down 34.5% from HK$15,669,000 in the previous year[22]. - Profit before income tax was HK$876,000, a decline of 62.3% from HK$2,322,000 in the same period last year[22]. - Profit and total comprehensive income for the period was HK$1,125,000, down 36.7% from HK$1,779,000 in 2019[22]. - Basic and diluted earnings per share decreased to HK0.61 cents from HK0.97 cents, a reduction of 37.1%[22]. - The Group recorded revenue of approximately HK$30.1 million for the six months ended 31 December 2020, representing a decrease of approximately 25.0% compared to HK$40.1 million for the same period in 2019[140]. - Gross profit margin for Period 2020 was approximately 34.1%, which is approximately 5.0 percentage points lower than the 39.1% recorded in Period 2019[152]. - Profit and total comprehensive income for Period 2020 was approximately HK$1.1 million, down from approximately HK$1.8 million in Period 2019[140]. Revenue Sources - Revenue from South Korea was HK$5,993,000, down 18% from HK$7,308,000 in 2019[69]. - Revenue from Hong Kong decreased by 43% to HK$5,450,000 from HK$9,614,000 in 2019[69]. - The Group's revenue is primarily generated from the manufacturing and sale of apparel labels and packaging printing products[61]. - Other income increased significantly to HK$4,415,000, compared to HK$866,000 in the prior period, representing a growth of 409.0%[22]. - Other income increased due to approximately HK$4.3 million received under the Employment Support Scheme provided by the Hong Kong Government for Period 2020[153]. Operational Efficiency - The company aims to improve operational efficiency, targeting a 5% reduction in costs by the end of the fiscal year[13]. - Staff costs decreased to HK$12,221,000 from HK$12,498,000, reflecting a reduction of 2.2% year-on-year[75]. - Administrative and other operating expenses decreased by approximately HK$0.4 million to HK$9.9 million in Period 2020, primarily due to stringent cost controls[160][166]. - Selling expenses decreased by approximately HK$0.1 million to HK$3.2 million for Period 2020, primarily due to reduced marketing expenses[154]. Cash Flow and Liquidity - Cash and cash equivalents rose to HK$61,765,000, up from HK$56,519,000, indicating a growth of 9.9%[26]. - Cash generated from operations increased to HK$4,547,000 for the six months ended December 31, 2020, compared to HK$3,376,000 in the same period of 2019, representing a growth of 34.6%[37]. - Net cash from operating activities rose to HK$5,514,000, up from HK$3,376,000, indicating a significant increase of 63.2% year-over-year[37]. - The total cash inflow from operating activities was HK$5,514,000, which includes the tax refund, indicating strong operational performance[37]. - The total amount of cash and cash equivalents as of December 31, 2020, was approximately HK$61.8 million, an increase of approximately HK$5.3 million compared to June 30, 2020, mainly due to cash inflow from operating activities[163][167]. Strategic Initiatives - The company has provided a positive outlook for the next quarter, projecting a revenue growth of 10%[13]. - New product launches are expected to contribute an additional $5 million in revenue over the next six months[13]. - The company is focusing on market expansion in Southeast Asia, targeting a 25% increase in market share by the end of 2021[13]. - The company is exploring potential acquisitions to enhance its product offerings and market presence[13]. - A new strategic partnership has been established, expected to generate $3 million in additional revenue[13]. - The Group plans to continue exploring suitable business opportunities to diversify its business foundation and maximize shareholder interests[144]. Challenges and Risks - The ongoing COVID-19 epidemic and geopolitical tensions are expected to continue affecting the global economy and the Group's performance[143]. - The Group aims to enhance sales efforts, production quality, and implement stringent cost controls in response to challenging market conditions[143]. - The Group recognized an impairment loss of approximately HK$498,000 for the six months ended December 31, 2020, compared to HK$0 for the same period in 2019, indicating a significant impact from the COVID-19 pandemic[97]. Assets and Liabilities - Total assets less current liabilities as of 31 December 2020 were HK$78,301,000, an increase from HK$77,502,000 as of 30 June 2020[26]. - Net assets increased to HK$75,635,000 from HK$74,510,000, reflecting a growth of 1.5%[27]. - Trade and other payables increased to HK$8,460,000 from HK$5,367,000, a rise of 57.0%[26]. - The ageing analysis of trade receivables showed that amounts within 3 months increased significantly to HK$3,993,000 from HK$1,877,000, a rise of approximately 112.4%[104]. - As of December 31, 2020, trade payables increased significantly to HK$2,920,000 from HK$917,000 as of June 30, 2020, representing a growth of 218.3%[113]. Dividends and Shareholder Returns - The Group did not recommend the payment of an interim dividend for the six months ended 31 December 2020, compared to HK$9,200,000 paid in the same period of 2019[84]. - The company paid dividends amounting to HK$9,200,000 in the previous year, which was not repeated in the current period[37].

Financial Performance - For the year ended 30 June 2020, the Group recorded revenue of approximately HK$65.1 million, representing a decrease of approximately 20.8% compared to HK$82.2 million for the year ended 30 June 2019[14] - The gross profit margin for the year ended 30 June 2020 was approximately 30.4%, which is approximately 4.6 percentage points lower than the gross profit margin of 35.0% for the year ended 30 June 2019[14] - The Group recorded a loss and total comprehensive expense of approximately HK$9.7 million for the year ended 30 June 2020, compared to a profit and total comprehensive income of approximately HK$1.7 million for the year ended 30 June 2019[14] - The Group's revenue for FY 2020 was approximately HK$65.1 million, a decrease of about HK$17.1 million or 20.8% from approximately HK$82.2 million in FY 2019[33] - The gross profit margin for FY 2020 decreased to approximately 30.4%, down by about 4.6 percentage points from 35.0% in FY 2019, with gross profit decreasing to approximately HK$19.8 million[39] - The Group recorded a loss of approximately HK$9.7 million for FY 2020, compared to a profit of approximately HK$1.7 million in FY 2019, primarily due to decreased revenue and gross profit[48] Economic Environment - The ongoing COVID-19 pandemic and the China-United States trade disputes have significantly disrupted economic activities, affecting the Group's performance[15] - The business environment facing the Group is expected to remain challenging in the near term due to the global economic recession and the ongoing threat of COVID-19[15] Strategic Plans - The Group plans to strengthen its existing printing business and actively consider business diversification and seek beneficial partnerships[21] - The Group plans to enhance global sales efforts and implement stringent cost controls to navigate challenging market conditions[31] - The Group will continue to explore suitable business opportunities to diversify its business foundation and maximize shareholder interests[32] Operational Metrics - As of June 30, 2020, the total cash and cash equivalents were approximately HK$56.5 million, a decrease of about HK$12.5 million compared to June 30, 2019[49] - The current ratio as of June 30, 2020, was 11.34 times, an increase from 10.38 times in 2019, indicating improved liquidity[50] - Selling expenses decreased by approximately HK$0.5 million to HK$6.1 million for FY 2020, mainly due to reduced marketing expenses[41] - Administrative and other operating expenses decreased by approximately HK$0.9 million to HK$21.3 million for FY 2020, attributed to stringent cost controls[47] - The cost of sales as a percentage of total revenue for FY 2020 was approximately 69.6%, an increase of about 4.6 percentage points from 65.0% in FY 2019[38] Corporate Governance - The Group is committed to maintaining high standards of corporate governance and transparency in its operations[104] - The company has expanded its board with experienced professionals to enhance governance and strategic oversight[99] - The Board consists of three executive Directors and three Independent Non-executive Directors (INEDs) as of the report date[129] - The Company has complied with the Corporate Governance Code throughout the year, with some disclosed deviations[130] - The Company emphasizes meritocracy in board appointments while considering diversity benefits[185] Board Composition and Diversity - The Board currently consists of three executive directors and three independent non-executive directors (INEDs) [181] - The company has implemented a Board Diversity Policy since May 18, 2016, with measurable objectives for diversity [182] - The Nomination Committee has reviewed the Board Diversity Policy and confirmed that the Group achieved its diversity goals for the year ended June 30, 2020[188] Leadership and Management - The Group's leadership team includes individuals with extensive backgrounds in finance and corporate management, contributing to its strategic direction[96] - The company has undergone leadership changes, with key executives like Ms. Sung and Mr. Li playing crucial roles in its financial strategy[114] - The Company Secretary provides updates on regulatory requirements and facilitates independent professional advice for Directors[145] Risk Management - The Group does not hedge its foreign currency risks as the exchange rate between HK$ and USD is controlled within a tight range[68] - The Group's management closely monitors foreign exchange rates and government policies to mitigate potential risks[69] - The Company has arranged appropriate liability insurance for Directors against legal actions arising from corporate activities, with regular reviews of coverage[139]

Financial Performance - The interim financial report for the six-month period ended December 31, 2019, includes a condensed consolidated statement of profit or loss and other comprehensive income[12]. - The company reported a significant increase in revenue, with a year-on-year growth of 15%[12]. - The net profit for the period was recorded at HKD 50 million, representing a 10% increase compared to the previous period[12]. - Revenue for the six months ended December 31, 2019, was HK$40,108,000, a decrease of 5.5% from HK$42,436,000 in the same period of 2018[21]. - Gross profit for the period was HK$15,669,000, down 4.9% from HK$16,475,000 year-on-year[21]. - Profit before income tax decreased to HK$2,322,000, a decline of 32.3% compared to HK$3,427,000 in the previous year[21]. - Net profit for the period was HK$1,779,000, representing a 41.1% decrease from HK$3,019,000 in the same period of 2018[21]. - Basic and diluted earnings per share remained at 0.0096 HKD for the six months ended 31 December 2019, unchanged from the previous year[126]. - Profit and total comprehensive income decreased by approximately HK$1.2 million to approximately HK$1.8 million for the six months ended 31 December 2019 compared to the same period in 2018[193]. Assets and Liabilities - The total assets of the company as of December 31, 2019, amounted to HKD 300 million, reflecting a 5% increase from the previous year[12]. - Total assets less current liabilities as of December 31, 2019, were HK$89,634,000, a decrease from HK$94,969,000 as of June 30, 2019[26]. - Net assets as of December 31, 2019, were HK$86,005,000, down from HK$93,426,000 as of June 30, 2019[28]. - Current liabilities increased to HK$9,301,000 from HK$8,021,000 as of June 30, 2019[26]. - Cash and cash equivalents decreased to HK$63,339,000 from HK$69,062,000 as of June 30, 2019[26]. - Trade receivables increased to HK$6,614,000 as of December 31, 2019, compared to HK$5,739,000 as of June 30, 2019[136]. - The loss allowance for trade receivables was HK$1,177,000, leading to a net trade receivable of HK$5,437,000[136]. - Trade payables rose to HK$3,462,000 as of December 31, 2019, compared to HK$2,858,000 as of June 30, 2019[144]. Cash Flow - Cash generated from operations for the six months ended December 31, 2019, was HK$3,376,000, a decrease of 56.2% compared to HK$7,718,000 for the same period in 2018[36]. - Net cash from operating activities was HK$3,376,000, down from HK$7,061,000 in the previous year, indicating a decline of 52.2%[36]. - The total cash and cash equivalents at the end of the period decreased to HK$63,339,000 from HK$65,814,000, representing a decline of 3.8%[36]. - Total cash outflows for leases during the six months ended December 31, 2019, amounted to HK$4,428,000[153]. Strategic Initiatives - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share over the next two years[12]. - New product development initiatives are underway, with an expected launch of two new products in Q3 2020[12]. - The company has allocated HKD 10 million for research and development in the upcoming fiscal year[12]. - A strategic partnership is being explored with a local firm to enhance distribution channels in Hong Kong[12]. - The management has provided a positive outlook, projecting a revenue growth of 12% for the next fiscal year[12]. - The Group will continue to enhance its sales efforts, production quality, and internal controls while implementing stringent cost controls to cope with challenging global market conditions[180]. - The Group aims to diversify its business foundation and maximize shareholder interests by exploring suitable business opportunities[178]. Regulatory and Accounting Changes - The Group has initially applied HKFRS 16 at July 1, 2019, using the modified retrospective approach, which does not restate comparative information[22]. - The Group has adopted HKFRS 16 "Leases" effective July 1, 2019, which may impact future financial reporting[52]. - The cumulative effect of adopting HKFRS 16 is recognized in equity as an adjustment to the opening balance of retained earnings for the current period[57]. - The Group recognizes a right-of-use asset and a lease liability at the lease commencement date, measured at cost[63]. - The Group depreciates right-of-use assets on a straight-line basis from the lease commencement date[68]. - The Group's lease liabilities as of July 1, 2019, were reconciled from operating lease commitments as of June 30, 2019[90]. - The Group assesses whether leases were onerous based on historical evaluations prior to the initial application of HKFRS 16, rather than performing an impairment review[84]. Market Conditions - The Group's operations faced challenges due to escalated US-Mainland trade tensions and a synchronized global economic slowdown[176]. - Revenue from Hong Kong decreased to HK$9,614,000 from HK$10,804,000, representing a decline of 11.0% year-on-year[107]. - The geographical breakdown of revenue shows South Korea contributing HK$7,308,000, a slight decrease from HK$7,433,000 in 2018[107]. - The decrease in revenue from the "Others" category was significant, dropping from HK$4,681,000 in 2018 to HK$2,819,000 in 2019, a decline of 39.7%[107].

Financial Performance - For the year ended June 30, 2019, the Group recorded revenue of approximately HK$82.2 million, representing a decrease of approximately 23.1% compared to the previous year[15] - The gross profit margin for the year ended June 30, 2019, was approximately 35.0%, which is approximately 6.4 percentage points lower than the previous year[15] - Profit for the year ended June 30, 2019, decreased by approximately HK$11.0 million to approximately HK$1.7 million compared to the previous year[15] - The Group's revenue for the year ended June 30, 2019, was approximately HK$82.2 million, a decrease of about HK$24.7 million or 23.1% from approximately HK$106.9 million for the year ended June 30, 2018[33] - The gross profit margin for the year ended June 30, 2019, decreased to approximately 35.0%, down by approximately 6.4 percentage points from 41.4% in 2018[35] - The gross profit for the year ended June 30, 2019, was approximately HK$28.7 million, a decrease from HK$44.2 million in 2018[35] - Profit and total comprehensive income for the year ended June 30, 2019, decreased by approximately HK$11.0 million to approximately HK$1.7 million compared to the previous year[43] Cost Management - The Group will implement stringent cost controls to cope with challenging global market conditions[27] - Selling expenses decreased by approximately HK$1.5 million to HK$6.6 million for the year ended June 30, 2019, primarily due to reduced marketing expenses[41] - Administrative and other operating expenses decreased by approximately HK$0.6 million to HK$22.3 million for the year ended June 30, 2019, mainly due to lower professional fees and staff costs[42] Business Strategy - The Group plans to strengthen its existing printing business and actively consider business diversification to maximize interests for shareholders[21] - The Group will continue to explore suitable business opportunities to diversify its business foundation and maximize shareholder interests[32] Market Conditions - Global geopolitical and economic instability, along with US-Mainland trade tensions, are expected to impact global trade flows and economic development[27] - The Group acknowledges the challenges posed by increasing production costs and a shortage of skilled labor[16] Shareholder Returns - The final dividend recommended by the Board is HK5.00 cents per ordinary share[13] - The Board proposed a dividend of HK$5.00 cents per ordinary share, totaling HK$9,200,000 for the year ended June 30, 2019, unchanged from the previous year[76] Financial Position - As of June 30, 2019, the total cash and cash equivalents amounted to approximately HK$69.1 million, an increase of approximately HK$0.5 million from June 30, 2018[44] - The current ratio as of June 30, 2019, was 10.38 times, slightly down from 10.68 times in 2018[45] - The quick ratio as of June 30, 2019, was 9.94 times, compared to 10.19 times in 2018[45] Corporate Governance - The company has complied with the Corporate Governance Code throughout the year ended June 30, 2019, except for certain disclosed deviations[122] - The Group's commitment to corporate governance is reflected in its structured board committees, including Audit, Remuneration, and Nomination Committees[94] - The Board consists of three executive directors and three independent non-executive directors[123] - The Company aims to enhance shareholder value through effective governance and strategic oversight by the Board[137] - The Company has adopted a Board Diversity Policy to enhance performance quality, considering factors such as gender, age, and professional experience[177] Board and Management - The Board held 4 regular meetings during the year ended June 30, 2019, to review overall strategy and monitor financial performance[142] - All Directors attended 100% of the Board meetings, with specific attendance noted for committees such as the Audit, Remuneration, and Nomination Committees[148] - The Company Secretary provides updates on Listing Rules and regulatory requirements to ensure Directors are informed[139] - The Audit Committee comprises three independent non-executive directors as of June 30, 2019, including Dr. Loke Yu as chairman[186] - The Audit Committee oversees the financial reporting process, risk management, and internal control systems of the Company[193] Employee Management - The Group had 85 full-time employees as of June 30, 2019, a decrease from 95 employees in the previous year[74] - The Group regularly reviews its remuneration packages in light of overall development and market conditions[75] - The Group has adopted a share option scheme to incentivize eligible employees for outstanding performance[75]

Financial Reporting - The interim financial report as of December 31, 2018, was prepared in accordance with HKAS 34, with no significant issues identified during the review[18]. - The independent review report confirms compliance with the relevant provisions of the Hong Kong Stock Exchange listing rules[12]. - The company is committed to transparency and accuracy in its financial reporting, as emphasized in the independent review[18]. - The interim report includes notes to the financial statements, providing additional context and details[12]. - The interim financial report was authorized for issue on February 22, 2019, and has been reviewed by the Audit Committee[42]. - The financial report is presented in thousands of Hong Kong dollars (HK$'000) and is unaudited[43]. Company Performance - The company reported a condensed consolidated statement of profit or loss and other comprehensive income for the six-month period ending December 31, 2018[12]. - The management discussion and analysis section provides insights into the company's performance and strategic direction[4]. - Revenue for the six months ended December 31, 2018, was HK$42,436,000, a decrease of 19.4% from HK$52,712,000 in the same period of 2017[21]. - Gross profit for the same period was HK$16,475,000, down 22.5% from HK$21,320,000 in 2017[21]. - Profit before income tax decreased to HK$3,427,000, a decline of 48.9% compared to HK$6,715,000 in the previous year[21]. - Net profit for the period was HK$3,019,000, down 44.4% from HK$5,432,000 in the prior year[21]. - Earnings per share attributable to equity owners decreased to HK1.64 cents, a drop of 44.4% from HK2.95 cents in 2017[21]. - The total income tax expense for the six months ended December 31, 2018, was HK$408,000, down 68.2% from HK$1,283,000 in the previous year[160]. - For the six months ended December 31, 2018, the profit attributable to equity owners of the Company was HK$3,019,000, a decrease of 44.9% compared to HK$5,432,000 for the same period in 2017[162]. Financial Position - The report includes a condensed consolidated statement of financial position, detailing the company's assets and liabilities[12]. - Total assets less current liabilities as of December 31, 2018, were HK$96,677,000, down from HK$103,160,000 as of June 30, 2018[26]. - Net assets decreased to HK$94,780,000 from HK$100,961,000 as of June 30, 2018, reflecting a decline of 6.1%[28]. - Cash and cash equivalents as of December 31, 2018, were HK$65,814,000, down from HK$68,576,000 as of June 30, 2018[26]. - Trade and other receivables decreased to HK$11,681,000 from HK$15,383,000, a decline of 24.0%[26]. - Trade receivables as of December 31, 2018, amounted to HK$6,841,000, a decrease of 34.5% from HK$10,428,000 as of June 30, 2018[170]. - The Group's current portion of trade and other receivables was HK$11,681,000 as of December 31, 2018, compared to HK$15,383,000 as of June 30, 2018, indicating a reduction of 24.5%[170]. - The Group's total future minimum lease payments under non-cancellable operating leases amounted to approximately HK$13,206,000 as of December 31, 2018[135]. - The total future minimum lease payments under non-cancellable operating leases as of December 31, 2018, were HK$13,206,000, down from HK$16,908,000 as of June 30, 2018, representing a reduction of 22.5%[187]. Cash Flow - For the six months ended December 31, 2018, net cash from operating activities was HK$7,061,000, an increase of 93% compared to HK$3,659,000 in the same period of 2017[36]. - Cash generated from operations for the same period was HK$7,718,000, slightly up from HK$7,665,000 in 2017[36]. - The company paid HK$9,200,000 in dividends during the period, with no dividends paid in the previous year[36]. - Net cash used in investing activities was HK$623,000, a significant reduction from HK$1,766,000 in the prior year[36]. - The company reported a net decrease in cash and cash equivalents of HK$2,762,000, contrasting with an increase of HK$1,893,000 in the same period of 2017[36]. - Cash and cash equivalents at the end of the period were HK$65,814,000, compared to HK$60,613,000 at the end of the previous year[36]. Accounting Standards - The Group has initially applied HKFRS 15 and HKFRS 9 starting July 1, 2018, with no restatement of comparative information[22]. - The Group has adopted HKFRS 9 "Financial Instruments" and HKFRS 15 "Revenue from Contracts with Customers" effective from July 1, 2018[53]. - The Group early adopted amendments to HKFRS 9 "Prepayment Features with Negative Compensation" simultaneously with HKFRS 9[55]. - HKFRS 9 introduces an "expected credit loss" model for the impairment of financial assets, replacing the previous "incurred loss" model[66]. - The Group has adopted the new expected credit loss (ECL) model for measuring financial assets, including cash and cash equivalents, as well as trade and other receivables[73]. - The Group has adopted the new and amended Hong Kong Financial Reporting Standards (HKFRSs) effective from July 1, 2018, including HKFRS 9 related to credit losses[75]. - The adoption of HKFRS 15 is not expected to have a material impact on the Group's financial position and results of operation[125]. - The Group's accounting for leases will change significantly with the adoption of HKFRS 16, treating all leases similarly to finance leases[131]. Revenue Recognition - HKFRS 15 establishes a comprehensive framework for recognizing revenue from contracts with customers, replacing HKAS 18 and HKAS 11[116]. - Revenue from the sale of apparel labels and packaging printing products is generally recognized at a point in time when customers obtain control of the goods[117]. - A receivable is recognized when goods are delivered, marking the point when the consideration becomes unconditional[123]. - Contract liabilities are recognized when a customer pays consideration before the Group recognizes the related revenue[124]. - The Group follows a five-step method to determine revenue recognition, including identifying contracts and performance obligations[122]. Operational Strategies - The report outlines the company's operational strategies and future outlook, although specific numerical guidance is not provided in the extracted content[4]. - The Group's principal business focuses on manufacturing and selling apparel labels and packaging printing products primarily to garment manufacturers and related trading companies[200]. - The Group's management continues to focus on maintaining strong relationships with garment manufacturers and enhancing product offerings in the packaging sector[200]. - The Group's sales are primarily used as labels or packaging materials for finished garments of garment brand companies, indicating a strong market position in the apparel industry[200]. Related Party Transactions - Related party transactions for rental expenses paid for directors' quarters amounted to HK$420,000 for each of the two controlled companies, indicating consistent costs for related party transactions[191]. - The Group's related party transactions are exempt from disclosure requirements under Chapter 14A of the Listing Rules due to being below the de minimis threshold[191].