香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部分內容 而產生或因依賴該等內容而引致之任何損失承擔任何責任。 Prosperous Printing Company Limited 萬 里 印 刷 有 限 公 司 （於香港註冊成立的有限公司） （股份代號：8385） 截至 年 月 日止九個月 2023 9 30 第三季度業績公佈 萬里印刷有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公 司截至2023年9月30日止九個月（「該期間」）之未經審核業績。 本公佈列載本公司該期間之財務報告（「報告」）全文，符合香港聯合交易所有限公司GEM 證券上市規則（「GEM上市規則」）中有關該期間初步業績公佈附載之資料之要求。 載有GEM上市規則規定資料之本公司報告之印刷本將寄發予本公司股東，並可於GEM網 站(www.hkexnews.hk)及本公司網站 www.prosperous-printing-group.com.hk 內查閱。 承董事會命 ...

Financial Performance - The group's revenue for the six months ended June 30, 2023, was approximately HKD 86.2 million, a decrease of about 20.3% compared to HKD 108.2 million in the previous period[9]. - Gross profit for the same period was approximately HKD 19.8 million, down 16.8% from HKD 23.8 million, primarily due to a reduction in sales orders[9]. - The net loss for the period was approximately HKD 12.7 million, a decrease from a net loss of HKD 21.2 million in the previous period, mainly due to reduced distribution and administrative expenses[9]. - Revenue from the sale of books and paper products for the six months ended June 30, 2023, was HKD 86,154,000, down 20.3% from HKD 108,027,000 in 2022[29]. - The company reported a comprehensive income of approximately HKD 7.3 million for the period, compared to a comprehensive loss of HKD 24.5 million in the previous period[10]. - Basic and diluted loss per share was HKD 1.58, compared to a loss of HKD 0.03 in the previous period[10]. - For the six months ended June 30, 2023, the company reported a loss of approximately HKD 12,667,000, compared to a loss of HKD 21,208,000 for the same period in 2022[25]. - The company recorded a loss of approximately HKD 12.7 million for the period, an improvement from a loss of HKD 21.2 million in the previous period[60]. Assets and Liabilities - Total assets as of June 30, 2023, were approximately HKD 321.7 million, down from HKD 385.3 million in the previous year[11]. - Total liabilities decreased to approximately HKD 232.6 million from HKD 279.5 million in the previous year[13]. - The company's cash and cash equivalents were approximately HKD 2.0 million, down from HKD 3.4 million in the previous year[11]. - Trade and other receivables decreased to approximately HKD 88.8 million from HKD 121.1 million in the previous year[11]. - Total equity as of June 30, 2023, was HKD 89,170,000, a decrease from HKD 130,285,000 as of January 1, 2022[15]. - The company’s total liabilities included approximately HKD 136,800,000 in bank loans and overdrafts due within one year[25]. - The net current liabilities as of the reporting date were approximately HKD 85.1 million, down from HKD 126.4 million as of December 31, 2022[62]. Cash Flow and Operating Activities - The net cash used in operating activities for the six months ended June 30, 2023, was HKD (1,869,000), compared to HKD 10,481,000 generated in 2022[17]. - The company had a net cash and cash equivalents balance of HKD (11,078,000) as of June 30, 2023, compared to HKD (10,694,000) at the end of the previous year[17]. Dividends and Shareholder Actions - The board of directors did not recommend the declaration of an interim dividend for the period, consistent with the previous period[9]. - The company did not recommend the distribution of dividends for the six months ended June 30, 2023, consistent with the previous period[39]. - Following a placement agreement, the company issued 38,860,000 shares at a price of HKD 0.11 per share, increasing the total number of issued shares to 869,980,000[76]. - The company proposed a share consolidation at a ratio of 10 existing shares for 1 consolidated share, pending shareholder approval[76]. Operational Strategy and Future Outlook - The company plans to sell several properties as part of its strategy to improve financial conditions[28]. - The company aims to implement cost control measures to achieve sustainable positive cash flow from operations[28]. - The company plans to enhance automation, expand its customer base, and strengthen sales and marketing coverage to improve market share and profitability[48]. - The company remains cautiously optimistic about its performance for the full year 2023 as COVID-19 restrictions are lifted[49]. Employment and Corporate Governance - The group had a total of 448 employees as of the reporting date, down from 459 employees on December 31, 2022[73]. - The company has complied with the corporate governance code, except for a deviation regarding the separation of the roles of Chairman and CEO[82]. - Directors confirmed full compliance with the trading code during the reporting period[84]. - No directors or their close associates have interests in any competing businesses outside the group[96]. Other Financial Information - The company recorded a significant increase in other comprehensive income of HKD 44,032,000 for the six months ended June 30, 2023[15]. - Trade receivables, net of impairment losses, decreased from HKD 103.5 million in 2022 to HKD 73.3 million in 2023, a decline of approximately 29.2%[41]. - Trade payables decreased from HKD 57.5 million in 2022 to HKD 28.7 million in 2023, a decline of about 50.1%[43]. - Capital expenditures for the period amounted to approximately HKD 193.8 million, compared to HKD 202.9 million in the previous period[70]. - The company recorded a bank interest income of HKD 106, slightly up from HKD 101 in the previous period[35]. - The company has not made any significant investments or acquisitions outside of those disclosed during the reporting period[75]. - The company has not granted, exercised, canceled, or forfeited any share options during the reporting period[87]. - First Tech Inc. holds 480,000,000 shares, representing 60% of the company's issued share capital[94]. - A pledge of 72,000,000 shares, equivalent to 9% of the issued share capital, was established as collateral for a loan from Yili Credit Limited[95]. - The audit committee reviewed the unaudited consolidated financial performance for the period and confirmed compliance with applicable accounting standards and GEM listing rules[97].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責， 對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Prosperous Printing Company Limited 萬 里 印 刷 有 限 公 司 （於香港註冊成立的有限公司） （股份代號：8385） 中期業績公佈 截至 年 月 日止六個月 2023 6 30 萬里印刷有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公 司截至2023年6月30日止六個月之未經審核中期業績。 本公佈列載本公司財務摘要及2023年中期報告全文，符合香港聯合交易所有限公司GEM 證券上市規則（「GEM上市規則」）中有關中期業績初步公佈附載之資料之要求。載有GEM 上市規則規定資料之本公司2023年中期報告之印刷本將寄發予本公司股東，並可於GEM 網站www.hkgem.com及本公司網站 www.prosperous-printing-group.com.hk內查閱。 承董事會命 萬里印刷有限公司 ...

Financial Performance - For the three months ended March 31, 2023, the company reported revenue of HKD 42,217,000, a decrease of 2.5% compared to HKD 43,303,000 for the same period in 2022[8] - The cost of sales for the same period was HKD 31,664,000, down from HKD 35,279,000, resulting in a gross profit of HKD 10,553,000, which is an increase of 31.5% from HKD 8,024,000 in 2022[8] - Other income increased significantly to HKD 4,252,000 from HKD 1,423,000, marking a growth of 199.5%[8] - The operating loss for the quarter was HKD 8,206,000, an improvement from a loss of HKD 15,582,000 in the previous year, indicating a reduction of 47.3%[8] - The loss before tax was HKD 10,563,000, down from HKD 16,814,000, reflecting a decrease of 37.2%[8] - The total comprehensive loss for the period was HKD 10,173,000, compared to HKD 16,779,000 in the same quarter of 2022, showing a reduction of 39.5%[8] - Basic and diluted loss per share for the quarter was HKD 1.34, improved from HKD 2.12 in the previous year[8] - Net loss for the three months ended March 31, 2023, was approximately HKD 10.7 million, compared to a net loss of approximately HKD 16.9 million for the same period in 2022, primarily due to improved gross margin[28] - Gross profit for the three months ended March 31, 2023, was approximately HKD 10.6 million, with a gross margin of 25%, compared to a gross profit of approximately HKD 8.0 million and a gross margin of 18.5% for the same period in 2022[34] Cost Management - Cost of sales decreased by approximately 10.2% from HKD 35.3 million for the three months ended March 31, 2022, to approximately HKD 31.7 million for the same period in 2023, attributed to reduced revenue and effective cost control measures[33] - Distribution costs decreased from HKD 8.3 million for the three months ended March 31, 2022, to HKD 6.7 million for the three months ended March 31, 2023, primarily due to strict cost control measures[36] - Administrative expenses decreased by approximately 3% from HKD 16.8 million for the three months ended March 31, 2022, to HKD 16.3 million for the three months ended March 31, 2023, mainly due to reductions in employee costs and office expenses[37] - Financial costs increased from HKD 1.2 million for the three months ended March 31, 2022, to HKD 2.4 million for the three months ended March 31, 2023, due to increased interest expenses on borrowings and lease liabilities[38] Corporate Strategy - The company continues to focus on expanding its product offerings and enhancing operational efficiency to drive future growth[12] - The company plans to diversify its business strategy, including improving equipment and increasing automation, expanding the customer base, and continuing to attract high-end talent[30] - The company operates a single business segment focused on the production of books and paper products[20] Compliance and Governance - The financial report is prepared in accordance with the GEM Listing Rules and reflects the company's commitment to transparency and compliance[15] - The company has complied with the corporate governance code principles and applicable code provisions for the three months ended March 31, 2023, with one exception regarding the separation of roles between the chairman and CEO[46] - The company’s auditor has issued a report on the financial statements without any reservations, indicating a clean audit opinion[18] - The audit committee reviewed the unaudited consolidated financial performance for the three months ending March 31, 2023, confirming compliance with applicable accounting standards[60] Shareholder Information - As of March 31, 2023, the total equity attributable to equity shareholders was HKD 47,632,000, down from HKD 113,506,000 at the end of the previous year[10] - As of March 31, 2023, 9% of the company's issued share capital was pledged as collateral for a loan by the controlling shareholder[55] - As of March 31, 2023, First Tech holds 480,000,000 shares, representing 60% of the company's equity[57] - The company has a pledge on 72,000,000 shares, equivalent to 9% of the issued share capital, as collateral for a loan[57] - No dividends were proposed for the three months ended March 31, 2023, consistent with the previous period[44] - The company does not recommend the distribution of dividends for the three months ended March 31, 2023, consistent with the previous year[25] - No share buybacks, sales, or redemptions occurred during the three months ended March 31, 2023[53] - No other individuals, apart from the disclosed parties, hold 10% or more of the voting rights in any member company of the group as of March 31, 2023[58] - The company has no directors or their close associates holding interests in any competing businesses[59] Risks and Challenges - The company faces risks such as economic uncertainty due to tightening monetary policies, rising paper costs, and challenges from technological advancements in the publishing industry[30] Acquisition Activity - The company has entered into an agreement to acquire 13% of the registered capital of a target company for RMB 1,050,000, to be paid through the issuance of 31,120,000 shares, representing approximately 3.74% of the enlarged issued share capital[29] - The company has agreed to purchase 13% of the registered capital of a target company for RMB 1,050,000, to be paid through the issuance of 31,120,000 shares, representing approximately 3.74% of the enlarged issued share capital post-completion[42]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公佈之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任 何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 Prosperous Printing Company Limited 萬 里 印 刷 有 限 公 司 （於香港註冊成立的有限公司） （股份代號：8385） 第一季度業績公佈 截至 年 月 日止三個月 2023 3 31 萬里印刷有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公 司截至2023年3月31日止三個月之未經審核業績。 本公佈列載本公司2023年第一季度報告全文，並符合聯交所GEM證券上市規則（「GEM上 市規則」）中有關季度業績初步公佈附載之資料之相關要求。 承董事會命 萬里印刷有限公司 主席 林三明 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公佈的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公佈全部或任 何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Prosperous Printing Company Limited 萬 里 印 刷 有 限 公 司 （於香港註冊成立的有限公司） （股份代號：8385） 全年業績公佈 截至 年 月 日止年度 2022 12 31 萬里印刷有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公 司截至2022年12月31日止年度之經審核綜合財務業績。 本公佈列載本公司2022年年報全文，並符合香港聯合交易所有限公司GEM證券上市規則 （「GEM上市規則」）中有關全年業績初步公佈附載資料之要求。載有GEM上市規則規定資 料之本公司2022年年報之印刷本將寄發予本公司股東，並將於GEM網站 www.hkgem.com 「最新上市公司公告」一頁及本公司網站 www.prosperous-printing-group.com.hk 查閱。 承董事會命 萬里印刷有限公司 ...

Financial Performance - For the year ended December 31, 2022, the group's revenue was approximately HKD 194.8 million, a decrease of about 30.9% compared to HKD 281.8 million for the year ended December 31, 2021[10]. - The gross profit for the year ended December 31, 2022, was approximately HKD 57.1 million, compared to HKD 54.2 million for the year ended December 31, 2021, indicating an improvement in gross margin due to cost control measures[10]. - The net loss for the year ended December 31, 2022, was approximately HKD 59.7 million, an improvement from a net loss of HKD 83.1 million for the year ended December 31, 2021[10]. - Selling costs decreased by approximately 39.5% to about HKD 137.8 million for the year ended December 31, 2022, down from approximately HKD 227.6 million for the year ended December 31, 2021, primarily due to reduced sales volume[43]. - Other income decreased to HKD 6.0 million for the year ended December 31, 2022, from HKD 14.2 million for the year ended December 31, 2021, mainly due to a reduction in rental income subsidies[46]. - Administrative expenses increased to approximately HKD 55.7 million for the year ended December 31, 2022, from HKD 54.5 million for the year ended December 31, 2021, primarily due to increased maintenance and repair costs[47]. - Financial costs increased by approximately 20.3% to HKD 7.1 million for the year ended December 31, 2022, compared to HKD 5.9 million for the year ended December 31, 2021, mainly due to increased interest expenses on borrowings and lease liabilities[48]. - The company recorded a loss of approximately HKD 59.7 million for the year ended December 31, 2022, an improvement from a loss of approximately HKD 83.1 million for the year ended December 31, 2021, primarily due to a reduction in trade and other receivables impairment losses[50]. - As of December 31, 2022, the company's current liabilities exceeded current assets by approximately HKD 126.7 million, compared to HKD 72.6 million as of December 31, 2021[52]. - The group recorded a loss of approximately HKD 59,655,000 for the year ended December 31, 2022, with net current liabilities of about HKD 126,699,000[53]. - As of December 31, 2022, bank loans and overdrafts amounted to approximately HKD 138,684,000, with other loans of HKD 4,165,000 due within one year[53]. - The group’s capital expenditure for the year ended December 31, 2022, was HKD 202,620,000, an increase from HKD 196,747,000 in 2021[58]. - The group had no significant investments or acquisitions of subsidiaries, associates, or joint ventures for the year ended December 31, 2022[59]. - The group’s bank financing as of December 31, 2022, was HKD 172,855,000, compared to HKD 167,599,000 in 2021[62]. - The group had no capital commitments for the purchase of property, plant, and equipment as of December 31, 2022[64]. - The company has sufficient operating funds to meet its financial obligations for the next twelve months[114]. - The board believes that the group will have sufficient working capital to meet its financial obligations for at least the next twelve months[118]. Corporate Governance - The company does not recommend the payment of a final dividend for the year ended December 31, 2022, consistent with the previous year[10]. - The board does not recommend the payment of a final dividend for the year ended December 31, 2022[70]. - The board of directors has held four meetings during the reporting period, with all directors attending all meetings, indicating strong governance and engagement[84]. - The company has adopted the GEM Listing Rules as a code of conduct for securities trading by directors, ensuring compliance with trading standards[77]. - The board is composed of three independent non-executive directors, meeting the requirement of having at least one with appropriate professional qualifications or financial management expertise[85]. - The company has implemented a training program for directors to enhance their knowledge and skills, ensuring they are well-versed in their responsibilities under the GEM Listing Rules[91]. - The board is responsible for overseeing the company's business and affairs, ensuring management acts in the best interests of shareholders while considering other stakeholders[89]. - The company has established a clear division of responsibilities between the chairman and the CEO, aligning with best practices in corporate governance[75]. - The board has approved an annual budget that covers strategy, financial performance, key risks, and opportunities, demonstrating proactive financial management[80]. - The company has a policy for the re-election of directors, ensuring that at least one-third of the board is subject to retirement and re-election at each annual general meeting[88]. - The company has taken out directors' liability insurance to protect against legal actions arising from their duties, enhancing governance and risk management[79]. - The Audit Committee held four meetings during the reporting period, with all members attending all meetings[97]. - The Audit Committee reviewed the audited consolidated financial statements and recommended their approval to the Board[97]. - The company has established risk management procedures and guidelines to manage risks across various business functions[111]. - The Board confirmed its responsibility for the effectiveness of the risk management and internal control systems[108]. - The company has no internal audit unit due to cost-effectiveness considerations, but resources have been allocated to enhance internal control systems[111]. - The Board believes that the risk management and internal control systems are adequate and effective[111]. - The Audit Committee assists the Board in overseeing the design, implementation, and monitoring of risk management and internal control systems[109]. Environmental Commitment - The total greenhouse gas emissions for the fiscal year 2022 amounted to 6,195.03 tons of CO2 equivalent, a decrease of 27.7% from 8,576.53 tons in fiscal year 2021[141]. - Direct emissions were recorded at 21.20 tons in fiscal year 2022, down from 26.83 tons in fiscal year 2021, representing a reduction of 21.5%[141]. - Indirect emissions decreased by 27.5%, from 8,549.70 tons in fiscal year 2021 to 6,173.83 tons in fiscal year 2022[141]. - The total output in fiscal year 2022 was 8,599.59 tons, a significant decline of 39.5% compared to 14,224.08 tons in fiscal year 2021[141]. - The Shenzhen factory received a 5-year pollution discharge permit from the Shenzhen Ecological Environment Bureau, allowing for internal monitoring of wastewater and exhaust emissions[136]. - The factory's VOC emissions were reported to be compliant with Shenzhen's environmental and safety standards, with benzene and toluene levels at 0 mg/m³ in fiscal year 2022[142]. - The chemical oxygen demand (COD) in wastewater was measured at 62 mg/L in fiscal year 2022, compared to 8.50 mg/L in fiscal year 2021, indicating a significant increase[145]. - The pH level of wastewater in fiscal year 2022 was 7.1125, slightly lower than 7.300 in fiscal year 2021[145]. - The company emphasizes its commitment to environmental protection and compliance with relevant environmental regulations, including the Environmental Protection Law of the People's Republic of China[135]. - The company has established various channels for stakeholders to provide feedback on sustainability performance and future strategies[133]. - The total amount of paper materials purchased in FY2022 was 11,296.73 tons, an increase of 16.50% compared to 9,697.17 tons in FY2021, primarily due to higher inventory levels to meet production demands[146]. - In FY2022, the total amount of waste collected at the Shenzhen factory decreased to 2,240.85 tons from 3,094.12 tons in FY2021, representing a reduction of 27.58%[148]. - The amount of harmful waste generated in FY2022 was 5.80 tons, an increase of 52.63% from 3.80 tons in FY2021, mainly due to residues from wastewater treatment[152]. - Paper costs increased by 3.96% to HKD 67.85 million in FY2022, driven by the procurement of additional paper to meet various production needs[157]. - The total amount of recycled waste in FY2022 was 2,240.85 tons, achieving a recycling rate of 99.74%, comparable to 99.88% in FY2021[148]. - The company continues to encourage the use of environmentally friendly materials and aims to find alternatives to plastic film for packaging[168]. Operational Strategies - The company plans to implement strategies to improve equipment and increase automation, expand the customer base, enhance sales and marketing coverage, and continue attracting and retaining high-end talent[16]. - The company anticipates that the business environment will remain challenging in 2023 due to economic uncertainties, including the impact of COVID-19 and rising paper costs[16]. - The company expresses cautious optimism for improved performance in 2023 as COVID-19 restrictions are lifted and borders reopen[19]. - The group is focused on expanding its operations in China and enhancing its relationships with local officials[25]. - The management team has a strong educational background, with qualifications from institutions such as the Hong Kong Polytechnic University and Charles Sturt University[28][33]. - The company aims to maximize resource efficiency and enhance productivity through automated production and effective management practices[156]. - The company's automated production system has significantly improved production efficiency, reducing labor intensity and enhancing product quality and consistency[160]. - The company aims to increase the output per worker by 5% and maintain electricity consumption at production levels in fiscal year 2023[164]. Employee Management - The total number of employees decreased from 480 in fiscal year 2021 to 454 in fiscal year 2022, representing a decline of 5.42%[171]. - The average number of employees during the year fell from 518 to 466, a decrease of 10.04%[171]. - Employee costs for the fiscal year 2022 decreased by 25.41% to HKD 53.1 million from HKD 71.2 million in 2021, primarily due to reduced overtime payments to employees in the Shenzhen factory[175]. - The total number of employees who resigned decreased from 154 in the fiscal year 2021 to 79 in 2022, representing a reduction of 48.70%[178]. - The number of employees with less than 2 years of service who resigned dropped by 62.37% from 93 in 2021 to 35 in 2022[179]. - The total number of training participants increased from 2,372 in 2021 to 3,500 in 2022, with total training hours rising from 2,549 to 3,558 hours[185]. - Average training hours per employee increased to 7.6 hours in 2022 from 4.9 hours in 2021[185]. - The company aims to maintain employee turnover for those with over 2 years of service below 10%[184]. - The company provides additional employer voluntary contributions to Hong Kong employees with 4 to 10 years of service, amounting to 5% to 10% of their basic monthly salary[174]. - The company emphasizes open communication channels for employees to express opinions and suggestions, including suggestion boxes and internal meetings[180]. - The company ensures that employee compensation and benefits meet or exceed minimum legal requirements and regularly engages in communication meetings with employees[188]. - The company has implemented a policy to respect labor rights and human rights, ensuring voluntary employment and prohibiting child labor[186]. Health and Safety - In the fiscal year 2022, the number of reported injuries and incidents decreased to 17 from 28 in the previous year, representing a reduction of 39.29%[199]. - The number of lost workdays increased to 247 in fiscal year 2022, up from 182 in fiscal year 2021, marking a rise of 35.71%[199]. - The company maintained a zero fatality rate, with no work-related deaths reported in both fiscal years 2022 and 2021[199]. - The Shenzhen factory has passed safety certification from the National Safety Production Supervision Administration of China, confirming compliance with health and safety standards[198]. - Health and safety training programs have been established to enhance workplace safety awareness, with all new employees required to undergo training before assignment[200]. - The company continues to implement COVID-19 preventive measures, including entry restrictions and health checks for personnel entering the Shenzhen factory[195]. - The company has expanded its reporting scope to include minor injuries to better track health prevention measures[199]. - The company emphasizes the importance of personal hygiene and health to strengthen employees' immune systems against diseases[197]. - The company is committed to providing a supportive and healthy work environment, recognizing the importance of a passionate workforce for efficient operations[194].

Financial Performance - For the three months ended September 30, 2022, the company reported revenue of HKD 46,431,000, a decrease of 42.5% compared to HKD 80,795,000 in the same period of 2021[10] - The gross profit for the same period was HKD 17,243,000, down 24.3% from HKD 22,817,000 year-on-year[10] - Operating profit for the three months was HKD 6,423,000, an increase of 39.0% from HKD 4,610,000 in the previous year[10] - The company recorded a net profit of HKD 4,537,000 for the three months, compared to a profit of HKD 2,243,000 in the same period of 2021, representing an increase of 102.5%[10] - For the nine months ended September 30, 2022, total revenue was HKD 154,665,000, down 29.5% from HKD 219,408,000 in the same period of 2021[10] - The company reported a net loss of HKD 16,671,000 for the nine months, compared to a loss of HKD 4,530,000 in the same period of 2021[10] - Basic and diluted earnings per share for the three months were HKD 0.57, compared to HKD 0.28 in the previous year[10] - The revenue from book and paper product sales for the three months ended September 30, 2022, was HKD 46.4 million, down from HKD 76.6 million in 2021[23] - The revenue from subcontracting services for the three months ended September 30, 2022, was HKD 26, a significant decrease from HKD 4.2 million in 2021[23] - Gross profit for the nine months ended September 30, 2022, was approximately HKD 41.0 million, down from HKD 44.2 million for the same period in 2021, while gross margin increased to 26.5% from 20.1%[39] Expenses and Losses - The company experienced a foreign exchange loss of HKD 12,066,000 for the nine months, impacting overall comprehensive income[12] - The company recorded a loss of approximately HKD 16.7 million for the nine months ended September 30, 2022, compared to a loss of approximately HKD 4.5 million for the same period in 2021, primarily due to increased distribution costs[33] - Administrative expenses rose from approximately HKD 41.2 million for the nine months ended September 30, 2021, to HKD 44.1 million for the same period in 2022, primarily due to increased employee and office expenses[41] - Financial costs remained relatively stable at approximately HKD 4.8 million for the nine months ended September 30, 2022, compared to HKD 4.7 million for the same period in 2021[43] - The group recorded a loss of approximately HKD 16.7 million for the nine months ended September 30, 2022, compared to a loss of HKD 4.5 million for the same period in 2021, mainly due to increased distribution costs and foreign exchange losses[45] Equity and Dividends - The total equity as of September 30, 2022, was HKD 101,548,000, a decrease from HKD 208,347,000 at the beginning of the year[12] - The company did not recommend the distribution of dividends for the nine months ended September 30, 2022, consistent with the same period in 2021[31] - The board did not recommend any dividend for the nine months ended September 30, 2022, consistent with the previous year[48] - As of September 30, 2022, First Tech holds 480,000,000 shares, representing 60% of the company's equity[61] - The company has pledged 72,000,000 shares, equivalent to 9% of the issued share capital, as collateral for a loan[61] Corporate Governance and Management - The company has complied with the corporate governance code principles during the nine months ended September 30, 2022, with a noted deviation regarding the separation of roles between the chairman and CEO[50][52] - As of September 30, 2022, the chairman and CEO, Mr. Lin, holds a 60% equity interest in the company through First Tech Inc., which owns 480,000,000 shares[58] - The company has adopted a share option scheme, but no options were granted or exercised during the nine months ended September 30, 2022[54][55] Future Outlook and Strategy - The company continues to focus on the production and sale of books and paper products, with ongoing assessments of market conditions for future growth strategies[16] - The company plans to improve equipment and increase automation to enhance competitiveness and market share[35] - The company faces risks including economic uncertainty due to COVID-19 and rising paper costs, but remains cautiously optimistic about the printing market's stable development[35] Taxation - The effective tax rate for the group is based on a two-tiered system, with the first HKD 2 million of profits taxed at 8.25% and profits above that taxed at 16.5%[27] - Income tax expense for the nine months ended September 30, 2022, was approximately HKD 0.3 million, down from HKD 1.2 million for the same period in 2021[44] Audit and Compliance - The audit committee reviewed the unaudited consolidated financial performance for the three and nine months ending September 30, 2022, confirming compliance with applicable accounting standards and GEM listing rules[64] - Other income increased due to higher foreign exchange gains recorded for the nine months ended September 30, 2022[40]

Financial Performance - For the six months ended June 30, 2022, the group's revenue was approximately HKD 108.2 million, a decrease of about 21.9% compared to HKD 138.6 million for the same period in 2021, primarily due to reduced sales orders caused by COVID-19 and overall global economic uncertainty[12]. - Gross profit for the same period was approximately HKD 23.8 million, an increase of about 10.7% from HKD 21.5 million in the prior year, attributed to reduced sales costs and effective cost control measures implemented by the company[12]. - The net loss for the six months ended June 30, 2022, was approximately HKD 21.2 million, compared to a net loss of HKD 6.6 million for the same period in 2021, mainly due to decreased other income and increased distribution costs[12]. - Total revenue for the six months ended June 30, 2022, was HKD 108,234,000, a decrease of 22% from HKD 138,613,000 in the same period of 2021[31]. - Revenue from book sales and printed products was HKD 108,027,000, down from HKD 134,081,000, reflecting a decline of approximately 19%[31]. - Other income for the six months ended June 30, 2022, was HKD 9,158,000, down from HKD 13,494,000, a decrease of about 32%[36]. - The group recorded a loss of approximately HKD 21.2 million for the six months ended June 30, 2022, compared to a loss of HKD 6.6 million for the same period in 2021, primarily due to a decrease in other income and an increase in distribution costs[64]. Dividends and Equity - The board of directors did not recommend the declaration of an interim dividend for the six months ended June 30, 2022, consistent with the prior year[12]. - The total equity as of June 30, 2022, was HKD 105,779,000, down from HKD 203,087,000 as of June 30, 2021[18]. - The company did not recommend any dividend for the six months ended June 30, 2022, consistent with the previous year[40]. - As of June 30, 2022, Mr. Lin and Ms. Yao each hold 480,000,000 shares, representing 60% of the company's equity[88]. Assets and Liabilities - Total assets as of June 30, 2022, were HKD 385.3 million, compared to HKD 381.3 million as of December 31, 2021[14]. - Total liabilities increased to HKD 279.5 million as of June 30, 2022, from HKD 251.0 million as of December 31, 2021[16]. - As of June 30, 2022, the company had current liabilities of approximately HKD 92,625,000 and bank loans and overdrafts due within one year of approximately HKD 144,779,000[28]. - The total amount of bank loans, overdrafts, and lease liabilities as of June 30, 2022, was approximately HKD 181.2 million, up from HKD 161.3 million as of December 31, 2021[65]. Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2022, was HKD 10,481,000, an increase from HKD 9,777,000 in 2021[20]. - The company had a net cash outflow of HKD 4,420,000 for the six months ended June 30, 2022, compared to a net cash inflow of HKD 22,263,000 in 2021[20]. - The company recorded a net cash inflow from investing activities of HKD 5,203,000 for the six months ended June 30, 2022, compared to HKD 7,651,000 in 2021[20]. Operational Insights - The company plans to sell certain properties as part of its strategy to improve financial conditions[29]. - The company plans to enhance equipment and automation, expand its customer base, strengthen sales and marketing coverage, and continue attracting and retaining high-end talent to improve market share and profitability[54]. - The company will closely monitor its operations and implement cost control measures to achieve sustainable positive cash flow[30]. - The company remains cautiously optimistic about the printing market's stable and healthy development despite facing risks from COVID-19, global economic uncertainty, and rising paper costs[54]. Foreign Exchange and Risks - The company experienced a foreign exchange loss of HKD 3.3 million for the period, compared to a gain of HKD 1.4 million in the prior year[13]. - The group faced foreign exchange risks primarily from receivables, payables, and cash balances denominated in currencies other than its functional currency, with no hedging instruments in place as of June 30, 2022[67]. Governance and Management - The company is led by Chairman and CEO Mr. Lin, who has over 37 years of experience in the printing industry[82]. - The company has a well-composed board, including three independent non-executive directors, ensuring a balance of power and authority[82]. - The audit committee was established on November 15, 2017, in accordance with GEM listing rules to oversee the financial performance of the group[95]. - All directors confirmed compliance with the trading code for securities transactions as of June 30, 2022[84].

Financial Performance - The group reported revenue of HKD 43,303,000 for the three months ended March 31, 2022, a decrease of 24.0% compared to HKD 57,009,000 in the same period of 2021[9]. - Gross profit for the same period was HKD 6,563,000, down 52.0% from HKD 13,660,000 year-on-year[9]. - Operating loss increased to HKD 15,582,000, compared to an operating loss of HKD 2,504,000 in the previous year, reflecting a significant decline in profitability[9]. - The group recorded a loss before tax of HKD 16,814,000, compared to a loss of HKD 4,093,000 in the prior year, indicating a worsening financial performance[9]. - The net loss for the period was HKD 16,922,000, compared to a net loss of HKD 4,204,000 in the same quarter of 2021[9]. - Basic and diluted loss per share was HKD 2.12, compared to a loss of HKD 0.53 per share in the previous year[9]. - The net loss for the three months ended March 31, 2022, was approximately HKD 16.9 million, compared to a net loss of HKD 4.2 million for the same period in 2021[28]. - The group recorded a loss of approximately HKD 16.9 million for the three months ended March 31, 2022, compared to a loss of HKD 4.2 million for the same period in 2021, primarily due to reduced sales orders caused by COVID-19 and global economic uncertainty[40]. Equity and Financial Position - The group’s total equity as of March 31, 2022, was HKD 113,506,000, down from HKD 208,347,000 at the beginning of the year[11]. - As of March 31, 2022, the group had an outstanding bank financing principal amount of HKD 136,407,884, with a covenant requiring tangible asset net worth to be no less than HKD 200 million[41]. - The group recognized an impairment loss of HKD 56,150,000 on accounts receivable due to high uncertainty in recoverable amounts caused by economic instability and COVID-19[41]. Expenses - The company experienced a significant increase in distribution costs, which rose to HKD 8,258,000 from HKD 4,237,000 year-on-year, reflecting higher expenses in sales activities[9]. - Administrative expenses increased to HKD 15,310,000, compared to HKD 14,085,000 in the same period last year, indicating rising operational costs[9]. - Other income decreased by approximately 36.4% to HKD 1.4 million for the three months ended March 31, 2022, down from HKD 2.2 million in 2021, primarily due to reduced rental income[34]. - Distribution costs increased to approximately HKD 8.3 million for the three months ended March 31, 2022, compared to HKD 4.2 million in 2021, attributed to higher freight and commission expenses[35]. - Administrative expenses rose by approximately 8.7% to HKD 15.3 million for the three months ended March 31, 2022, from HKD 14.1 million in 2021, mainly due to increased employee costs and office expenses[36]. - Financial costs for the three months ended March 31, 2022, were approximately HKD 1.2 million, compared to HKD 1.6 million for the same period in 2021, indicating stability in financial costs[37]. Strategic Outlook - The group plans to continue exploring new strategies for market expansion and product development to improve future performance[9]. - The company plans to improve equipment and increase automation to enhance competitiveness and market share[30]. - The company remains cautiously optimistic about the printing market's stable and healthy development despite challenges from economic uncertainties and rising paper costs[30]. Corporate Governance - The group has complied with the corporate governance code principles during the reporting period, with a noted deviation regarding the separation of roles between the Chairman and CEO[45][46]. - The audit committee reviewed the unaudited consolidated financial performance for the three months ending March 31, 2022, confirming compliance with applicable accounting standards[58]. - No directors or their close associates hold interests in any competing businesses[57]. Shareholder Information - The Chairman and CEO, Mr. Lin, holds a 60% equity interest in the company through a controlled corporation, with 480,000,000 shares held[54]. - First Tech holds a 60% equity stake in the company, with 480,000,000 shares owned[56]. - As of March 31, 2022, First Tech is the sole beneficial owner of 50,000 shares in a related entity[55]. - The pledged shares by First Tech amount to 72,000,000, representing 9% of the company's issued share capital[56]. - The group did not grant or exercise any share options under the stock option plan during the three months ended March 31, 2022[50]. - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the three months ended March 31, 2022[52]. Dividends - No dividend was recommended for the three months ended March 31, 2022, consistent with the same period in 2021[25]. - The group did not propose any dividend for the three months ended March 31, 2022, consistent with the previous period[43]. COVID-19 Measures - The company has implemented various measures to ensure the health and safety of customers and employees amid the COVID-19 pandemic[30].