Business Strategy and Operations - The company reported a focus on maintaining a robust core business despite challenges, emphasizing technology development and customer service [10] - The company has diversified its client base, including listed companies, multinational financial institutions, and private companies from various sectors [11] - The technology division is rapidly expanding, with increasing demand for services such as website redesign, video editing, app development, and interactive marketing [11] - The company aims to simplify and automate workflows while enhancing IT development to create digital innovation opportunities [12] - The operational platform has been enhanced to allow flexible remote work, attracting talent and simplifying existing workflows [10] - The company has opened a subsidiary in Taiwan to support its operations and accelerate business development [11] - The company continues to invest resources in technology research and development to provide more flexibility in its operations [10] - The company aims to maintain a diversified business model and leverage its existing customer base for future growth opportunities amid economic uncertainties [32] - The company is focused on expanding its service offerings in financial printing and IT solutions [62] Financial Performance - The company's revenue for the year ended December 31, 2019, was approximately HKD 130.5 million, a slight decrease from HKD 130.8 million in 2018, primarily due to a 20.2% drop in revenue from marketing peripheral printing projects [21] - Financial printing project revenue increased from approximately HKD 114.0 million in 2018 to approximately HKD 116.7 million in 2019, offsetting some losses from other segments [21] - The gross profit decreased from approximately HKD 60.9 million in 2018 to approximately HKD 58.5 million in 2019, a decline of about 4.0% [24] - The net profit after tax fell significantly from approximately HKD 7.2 million in 2018 to approximately HKD 2.5 million in 2019, a decrease of about 64.7% [30] - The company's total assets increased to approximately HKD 132.8 million in 2019 from HKD 107.3 million in 2018, while total equity rose to approximately HKD 87.6 million from HKD 84.9 million [33] - The current ratio decreased to approximately 3.3 times in 2019 from 4.4 times in 2018, indicating a decline in liquidity [33] - The company reported a significant increase in overall financial performance, with a year-on-year revenue growth of 15% in the last fiscal year [48] Investments and Acquisitions - The company has agreed to acquire a 22.85% stake in Wordbee S.A., a Luxembourg-based software company, to enhance translation processes and develop computer-assisted translation tools [11] - The company acquired a 22.85% stake in Wordbee S.A. for a total cash consideration of EUR 1 million (approximately HKD 8.7 million), with EUR 0.5 million (approximately HKD 4.4 million) paid as of December 31, 2019, representing 12.9% of the equity [41] - The company is considering strategic acquisitions to bolster its service offerings, with a budget of $10 million earmarked for potential targets [51] Employee and Workforce Management - As of December 31, 2019, the total employee cost, including directors' remuneration, was approximately HKD 46.8 million, an increase from approximately HKD 43.1 million in 2018 [37] - The company employed a total of 145 employees as of December 31, 2019, compared to 119 in 2018, indicating a growth in workforce [37] - The company recognizes employees as valuable assets and provides competitive compensation to attract and retain talent [87] Corporate Governance - The company has a strong management team with extensive experience in accounting, finance, and corporate governance [59] - The independent non-executive directors have significant backgrounds in auditing and legal fields, enhancing the company's oversight capabilities [55] - The management team is committed to maintaining high standards of corporate governance and financial reporting [59] - The board consists of three executive directors and three independent non-executive directors, meeting the GEM Listing Rules requirements [139] - The board of directors is committed to maintaining high standards of corporate governance, which is crucial for protecting shareholder interests and enhancing company value [136] Risk Management and Compliance - The company has established a risk management policy to identify and assess key business risks, with departments responsible for quarterly risk evaluations [171] - The board is responsible for reviewing the effectiveness of the risk management and internal control systems, ensuring they align with the company's risk tolerance [173] - The audit committee's responsibilities include reviewing financial reporting processes and risk management systems [155] Shareholder Relations - The company emphasizes effective communication with shareholders to strengthen investor relations and enhance understanding of business performance and strategies [181] - The company has established a website as a communication platform for shareholders, providing information on business development and operations [181] - The company is committed to maintaining shareholder privacy and will not disclose personal information without consent unless legally required [182] Sustainability Initiatives - The management team emphasized the importance of sustainability initiatives, aiming to reduce operational costs by 15% through eco-friendly practices [48] - The group has integrated sustainability into its daily operations, including investments in technology to support remote work and reduce paper usage through electronic document management [67] - The group has implemented various environmental impact mitigation measures, including obtaining FSC certification for most office paper used [67]

Financial Performance - For the three months ended September 30, 2019, the company reported revenue of HKD 28,551,000, a decrease of 8.7% compared to HKD 31,275,000 for the same period in 2018[5] - Gross profit for the three months ended September 30, 2019, was HKD 11,843,000, down 15.8% from HKD 14,075,000 in the previous year[5] - The company recorded a loss before tax of HKD 2,337,000 for the three months ended September 30, 2019, compared to a profit of HKD 1,172,000 in the same period of 2018[5] - The net loss attributable to owners of the company for the three months ended September 30, 2019, was HKD 2,213,000, compared to a profit of HKD 827,000 in the prior year[6] - For the nine months ended September 30, 2019, total revenue increased to HKD 104,314,000, up 2.7% from HKD 101,634,000 in 2018[5] - The gross profit for the nine months ended September 30, 2019, was HKD 46,731,000, slightly down from HKD 46,949,000 in the same period of 2018[5] - The company reported a profit for the nine months ended September 30, 2019, of HKD 4,269,000, a decrease of 36.2% from HKD 6,687,000 in the previous year[6] - The company’s total comprehensive income for the nine months ended September 30, 2019, was HKD 4,262,000, down from HKD 6,687,000 in the previous year[6] Earnings Per Share - Basic and diluted loss per share for the three months ended September 30, 2019, was HKD (0.55), compared to earnings of HKD 0.21 per share in the same period of 2018[6] - The basic and diluted loss per share for the three months ended September 30, 2019, was HKD (0.55), compared to HKD 0.21 for the same period in 2018[21] Expenses - Total employee benefit expenses for the nine months ended September 30, 2019, amounted to HKD 35.132 million, an increase from HKD 31.518 million in the same period of 2018[18] - Selling expenses increased by approximately HKD 79,000, or 0.9%, to approximately HKD 8.9 million for the nine months ended September 30, 2019[30] - Administrative expenses increased by approximately HKD 1.4 million, or 4.7%, to approximately HKD 31.1 million for the nine months ended September 30, 2019[31] Dividends - The company did not propose any dividend for the nine months ended September 30, 2019, compared to zero in the same period of 2018[19] - The group did not propose any dividend for the nine months ended September 30, 2019, compared to a dividend of HKD 10 million for the six months ended June 30, 2018[35] Tax and Compliance - The company’s income tax expense for the nine months ended September 30, 2019, was HKD 1.704 million, a decrease from HKD 1.933 million in the same period of 2018[16] - The company has complied with all applicable codes of the corporate governance code as of September 30, 2019[47] - The company has adopted the GEM Listing Rules regarding securities trading standards for its directors[49] Business Operations - The company continues to focus on expanding its integrated printing services, including financial printing and marketing collateral printing[11] - Revenue from financial printing projects increased by approximately HKD 5.3 million during the same period[24] - The company acquired a 22.85% stake in Luxembourg-based software technology company Wordbee S.A. in August 2019, which is expected to enhance the development of translation processes and computer-assisted translation tools[24] Stock Options - As of September 30, 2019, a total of 1,200,000 stock options remain unexercised, consisting of 25,000 from Group A and 1,175,000 from Group B[44] - No stock options were granted under the plan during the nine months ended September 30, 2019, and no options were exercised during this period[44] - No stock options were exercised in 2018, and the same was true for the nine months ended September 30, 2019[44] Financial Position - The company’s total assets and liabilities are primarily located in Hong Kong, with no independent segment reporting[15] - The implementation of new Hong Kong Financial Reporting Standards did not have a significant impact on the financial performance and position of the company during the reporting period[14] - The group has no significant contingent liabilities as of September 30, 2019[34] Outlook and Risks - The group maintains an optimistic outlook despite economic uncertainties in 2019, focusing on core business and seeking development opportunities[25] - The group will continue to review and monitor foreign exchange risks as needed, although it currently does not have significant exposure[36] Audit and Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the nine months ended September 30, 2019[51] - The company has not identified any violations of the employee written guidelines regarding securities trading during the nine months ended September 30, 2019[49] - There were no interests in competing businesses held by directors or controlling shareholders as of September 30, 2019[48]

Financial Performance - For the three months ended June 30, 2019, the revenue was HKD 49,195,000, representing an increase of 6.3% compared to HKD 46,235,000 for the same period in 2018[6]. - The gross profit for the six months ended June 30, 2019, was HKD 34,888,000, up 6.1% from HKD 32,874,000 in the previous year[6]. - The profit for the period attributable to owners of the company for the six months ended June 30, 2019, was HKD 6,554,000, an increase of 11.8% from HKD 5,860,000 in 2018[6]. - The total revenue for the six months ended June 30, 2019, was HKD 75,763,000, up from HKD 70,359,000 in 2018, marking an increase of approximately 7.1%[24]. - Revenue from financial printing services rose to HKD 70,688,000 in 2019, compared to HKD 64,182,000 in 2018, representing an increase of about 10.5%[24]. - The total comprehensive income for the six months ended June 30, 2019, was HKD 6,471,000, compared to HKD 5,860,000 for the same period in 2018, marking an increase of 10.4%[7]. - Basic and diluted earnings per share for the six months ended June 30, 2019, were HKD 1.64, up from HKD 1.47 in the same period of 2018[34]. - The company reported a basic and diluted earnings per share of HKD 2.21 for the three months ended June 30, 2019, compared to HKD 2.15 for the same period in 2018[7]. - Net profit after tax increased by approximately HKD 0.6 million, or 10.5%, from approximately HKD 5.9 million for the six months ended June 30, 2018, to approximately HKD 6.5 million for the six months ended June 30, 2019[52]. Assets and Liabilities - The total assets as of June 30, 2019, amounted to HKD 125,529,000, compared to HKD 107,312,000 as of December 31, 2018, reflecting a growth of 16.9%[9]. - The net asset value attributable to owners of the company increased to HKD 91,479,000 as of June 30, 2019, from HKD 84,936,000 at the end of 2018, representing a rise of 7.2%[10]. - Trade receivables as of June 30, 2019, were HKD 32.0 million, compared to HKD 25.5 million as of December 31, 2018[37]. - Trade payables as of June 30, 2019, were HKD 16.9 million, an increase from HKD 11.5 million as of December 31, 2018[39]. - Current assets rose to approximately HKD 115.1 million as of June 30, 2019, from approximately HKD 98.7 million as of December 31, 2018[56]. - The group’s debt-to-equity ratio was approximately 3.0% as of June 30, 2019[61]. Cash Flow - For the six months ended June 30, 2019, the net cash used in operating activities was HKD (991,000), compared to HKD 172,000 for the same period in 2018, representing a significant decline[15]. - The net cash generated from investing activities increased to HKD 2,853,000 in 2019 from HKD 2,698,000 in 2018, indicating a positive trend in investment returns[15]. - The net cash used in financing activities was HKD (398,000) for the first half of 2019, compared to HKD (212,000) in the same period of 2018, reflecting increased financing costs[15]. - The total cash and cash equivalents at the end of the period increased to HKD 60,225,000 from HKD 64,941,000 year-over-year, showing a decrease of approximately 7.5%[15]. - The company’s cash and bank balances stood at HKD 60,225,000 as of June 30, 2019, compared to HKD 58,761,000 at the end of 2018, showing a slight increase of 2.5%[9]. Expenses - The company’s administrative expenses for the six months ended June 30, 2019, were HKD 20,441,000, up from HKD 19,772,000 in the previous year, reflecting a rise of 3.4%[6]. - Total employee benefits expenses for the six months ended June 30, 2019, amounted to HKD 23.2 million, an increase from HKD 21.1 million in 2018[30]. - Selling expenses increased by approximately HKD 0.7 million, or 11.4%, from approximately HKD 5.8 million for the six months ended June 30, 2018, to approximately HKD 6.4 million for the six months ended June 30, 2019[48]. - Administrative expenses rose by approximately HKD 0.7 million, or 3.4%, from approximately HKD 19.8 million for the six months ended June 30, 2018, to approximately HKD 20.4 million for the six months ended June 30, 2019[50]. Corporate Governance and Compliance - The company has complied with all corporate governance codes as per GEM Listing Rules during the six months ending June 30, 2019[72]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the six months ending June 30, 2019[78]. - No directors or major shareholders participated in any competing business during the six months ending June 30, 2019[74]. - The company did not purchase, sell, or redeem any of its listed securities in the six months ending June 30, 2019[71]. Future Outlook and Strategy - The company continues to focus on enhancing its financial printing services and expanding its market presence in Hong Kong[24]. - The company plans to continue seeking business development opportunities and explore potential acquisitions to strengthen its revenue base[42]. - The company maintains a positive outlook despite economic uncertainties, focusing on core business and potential growth opportunities[42]. Shareholder Information - As of June 30, 2019, HM Ultimate holds 297,000,000 shares, representing 74.25% of the company's issued voting shares[68]. - Mr. Yu, Mr. Xie, and Mr. Chen beneficially own 53.0%, 24.5%, and 22.5% of HM Ultimate, respectively[69]. - No share options were granted in the six months ending June 30, 2019, and 50,000 options expired during this period[70]. - The total amount of share-based payments recognized for the six months ended June 30, 2019, was approximately HKD 72,000, up from HKD 54,000 in the same period of 2018[32].

Financial Performance - Revenue for the three months ended March 31, 2019, was HKD 26,568,000, representing an increase of 10.1% compared to HKD 24,124,000 for the same period in 2018[4] - Gross profit for the same period was HKD 11,407,000, up 16.8% from HKD 9,760,000 year-on-year[4] - The company reported a loss before tax of HKD 2,222,000, an improvement from a loss of HKD 2,676,000 in the previous year, indicating a reduction in losses by 17%[4] - The net loss attributable to owners of the company for the period was HKD 2,273,000, compared to HKD 2,736,000 in the prior year, reflecting a decrease in loss of 16.9%[4] - Basic and diluted loss per share for the period was HKD 0.57, an improvement from HKD 0.68 in the same quarter of 2018[4] - The company recorded revenue of approximately HKD 26.6 million for the three months ended March 31, 2019, representing a 10.1% increase compared to HKD 24.1 million in the same period last year[26] - Revenue from financial printing services increased by approximately HKD 2.6 million, contributing significantly to the overall revenue growth[26] - The company reported a loss attributable to owners of approximately HKD 2.3 million for the three months ended March 31, 2019, compared to a loss of HKD 2.7 million in the same period last year[24] - The group's revenue increased by approximately HKD 2.4 million, or 10.1%, from approximately HKD 24.1 million for the three months ended March 31, 2018, to approximately HKD 26.6 million for the three months ended March 31, 2019[29] - Gross profit rose from approximately HKD 9.8 million to approximately HKD 11.4 million, an increase of about HKD 1.6 million or 16.9%, primarily due to increased revenue from financial printing projects[30] - The gross profit margin improved from approximately 40.5% to 42.9% for the respective periods[30] - The group's loss decreased by approximately HKD 0.4 million, or 15.3%, from approximately HKD 2.7 million to approximately HKD 2.3 million, primarily due to increased gross profit[35] Expenses and Costs - Employee benefits expenses totaled HKD 11.3 million for the period, an increase from HKD 10.5 million in the previous year[20] - Selling expenses increased by approximately HKD 0.8 million, or 30.0%, from approximately HKD 2.6 million to approximately HKD 3.3 million, mainly due to higher employee costs[31] - Administrative expenses rose by approximately HKD 0.3 million, or 2.7%, from approximately HKD 10.0 million to approximately HKD 10.3 million, primarily due to increased salaries and wages[33] - Income tax expense increased by approximately HKD 35,000, or 58.3%, from approximately HKD 60,000 to approximately HKD 95,000, mainly due to an increase in profit before tax[34] Shareholder Information - As of March 31, 2019, major shareholders collectively held 74.25% of the company's shares, with Mr. Yu, Mr. Xie, and Mr. Chen each holding significant interests[38] - The company did not grant any share options during the three months ended March 31, 2019, and no options were exercised or cancelled during the same period[45] Corporate Governance - The company has complied with all provisions of the corporate governance code as of March 31, 2019[47] - No directors, management, or controlling shareholders participated in any competing business during the three months ending March 31, 2019[49] - The company has adopted trading standards for securities transactions as per GEM Listing Rules, with no violations reported by employees during the three months ending March 31, 2019[50] - The Audit Committee, established on December 15, 2016, reviews the financial reporting process and risk management, and has discussed the unaudited consolidated financial statements for the three months ending March 31, 2019[53] Strategic Focus and Operations - The company continues to focus on providing integrated printing services, including financial printing and marketing collateral[7] - The company is registered in the Cayman Islands and primarily operates in Hong Kong, indicating a strategic focus on the Asian market[7] - The company remains optimistic about maintaining its core business despite economic uncertainties in 2019, focusing on leveraging existing client relationships and expanding business collaborations[27] - The company has implemented a review of internal workflows and procedures to enhance its core structure in response to increasing competition and information security concerns[27] Compliance and Accounting Standards - The financial statements have been prepared in accordance with the Hong Kong Financial Reporting Standards, ensuring compliance with applicable regulations[8] - The company has adopted new accounting standards, which did not have a significant impact on the financial performance for the period[10] - The company adopted HKFRS 16 for leases, which impacts the measurement of lease liabilities and right-of-use assets[12] - The effective tax rate for Hong Kong profits tax was calculated at 16.5%, with a two-tiered system applied for qualifying group entities[17] - The company did not propose any dividends for the three months ended March 31, 2019[22] - No dividends were proposed for the three months ended March 31, 2019, and 2018[36]