Revenue and Profitability - Revenue for the e-print segment increased by 20.0% to HK$119,331, while the e-banner segment revenue rose by 17.0% to HK$34,750 for the six months ended September 30, 2021[10]. - Operating profit before other losses/gains increased significantly by 31.7% to HK$8,241, with the e-print segment contributing HK$5,147 and the e-banner segment contributing HK$3,094[10]. - Profit for the period attributable to equity holders of the company rose by 11.7% to HK$5,655 compared to HK$5,066 in the same period of 2020[11]. - Total revenue for the six months ended September 30, 2021, was HK$154,081,000, with paper printing contributing HK$119,631,000 and banner printing contributing HK$34,767,000[129]. - The segment results showed a profit of HK$7,769,000 for the period, with paper printing generating HK$4,646,000 and banner printing generating HK$3,123,000[129]. - Profit before income tax for the period was HK$7,400,000, with an income tax expense of HK$1,745,000[129]. - The Group's profit for the period was HK$5,655,000[129]. Assets and Liabilities - Total assets as of September 30, 2021, were HK$331,422, reflecting a slight increase of 0.1% from HK$331,152 as of March 31, 2021[10]. - Total liabilities decreased to HK$75,182,000 from HK$80,497,000, showing a reduction in financial obligations[20]. - Total equity attributable to equity holders of the Company increased to HK$256,240,000 from HK$250,655,000, indicating a positive change in shareholder equity[20]. - Non-current assets decreased to HK$162,952,000 from HK$173,268,000, primarily due to a reduction in property, plant, and equipment[18]. - Segment assets as of 30 September 2021 totaled HK$196,350,000, a decrease from HK$210,828,000 as of 31 March 2021, representing a decline of approximately 6.9%[142]. Cash Flow and Liquidity - Cash and cash equivalents increased by 15.3% to HK$122,828 compared to HK$106,565 as of March 31, 2021[10]. - The net cash generated from operating activities was HK$17,217,000, down from HK$26,526,000, reflecting a decline of 35.3% year-over-year[84]. - Cash flows from investing activities resulted in a net cash inflow of HK$7,313,000, compared to a net cash outflow of HK$22,782,000 in the previous year, indicating a significant improvement[84]. - The company reported a net increase in cash and cash equivalents of HK$16,204,000 for the period, compared to a decrease of HK$8,381,000 in the prior year[86]. - Cash and cash equivalents as of 30 September 2021 amounted to HK$122,828,000, up from HK$106,565,000 as of 31 March 2021, indicating an increase of about 15.2%[142]. Earnings and Dividends - Basic earnings per share decreased by 12.8% to HK$0.82 from HK$0.94 in the same period of 2020[10]. - The company declared an interim dividend of HK$0.8 cents per ordinary share for the six months ended 30 September 2021, compared to no dividend in 2020[165]. - Basic earnings per share for the six months ended 30 September 2021 was HK$0.82, compared to HK$0.94 for the same period in 2020, reflecting a decline of approximately 12.8%[155]. Expenses and Costs - Selling and distribution expenses increased to HK$13,928, up from HK$12,973 in the same period of 2020[11]. - Cost of materials for the six months ended 30 September 2021 was HK$32,183,000, an increase from HK$23,499,000 in 2020, indicating a rise of approximately 37.0%[145]. - Depreciation of property, plant, and equipment amounted to HK$5,450,000, with paper printing at HK$4,852,000 and banner printing at HK$598,000[129]. - Current income tax expense for the six months ended 30 September 2021 was HK$1,628,000, compared to HK$973,000 in 2020, representing an increase of approximately 67.2%[150]. Financial Instruments and Risk Management - The Group's financial risk management includes fair value estimation, which is crucial for assessing the financial instruments held[113]. - The fair value of financial instruments traded in active markets is based on readily available quoted market prices, ensuring transparency and accuracy in financial reporting[117]. - The carrying amounts of the Group's financial assets and liabilities approximate their fair values due to short maturities and market interest rates[112]. - Financial assets and liabilities with a maturity of less than one year are assumed to approximate their fair values, reflecting effective risk management practices[112]. Investments and Joint Ventures - The Group's investment in joint ventures decreased to HK$11,994,000 as of September 30, 2021, from HK$13,078,000 as of March 31, 2021, a decline of about 8.3%[188]. - The share of losses from joint ventures for the six months ended September 30, 2021, was HK$999,000, compared to a profit of HK$375,000 in the same period last year[188]. - The Group's investments in associates as of September 30, 2021, included a 20% stake in a real estate agency in Hong Kong and a 40% stake in a food service company, both measured using the equity method[196]. Compliance and Accounting Standards - The financial information is prepared in accordance with Hong Kong Accounting Standards, ensuring compliance with local regulations and standards[89]. - The Group's accounting policies are consistent with those used for the financial statements for the year ended 31 March 2021, with no significant impacts from the adoption of new amendments[3]. - No new standards or amendments are expected to have a material impact on the Group for the interim period[5].
EPRINT集团(01884) - 2022 - 中期财报