Financial Performance - Revenue for the e-print segment was HK$159,068, and for the e-banner segment was HK$46,090, totaling HK$205,158 for the six months ended September 30, 2019, representing a 0.2% increase from HK$204,789 in the same period of 2018[8]. - Profit for the period attributable to equity holders of the company was HK$5,962, a decrease of 48.0% from HK$11,456 in the previous year[12]. - Basic earnings per share decreased to 1.08 HK cents, down 48.1% from 2.08 HK cents in the same period last year[13]. - Operating profit for the period was HK$7,102, down 44.9% from HK$12,889 in the same period of 2018[10]. - Total comprehensive income for the period was HK$4,876, a decrease of 51.3% from HK$10,022 in the previous year[10]. - Other income for the period was HK$1,297, compared to HK$1,629 in the same period last year[10]. - Total comprehensive income for the period was HK$4,945,000, compared to HK$5,912,000 in the previous year, indicating a decrease of 16.3%[135]. Assets and Liabilities - Total assets increased by 9.3% to HK$339,514 as of September 30, 2019, compared to HK$310,673 as of March 31, 2019[8]. - Current assets rose to HK$180,911,000, compared to HK$142,686,000 in the previous period, indicating a growth of about 26.8%[19]. - Total liabilities increased significantly to HK$108,920,000 from HK$76,155,000, reflecting a rise of approximately 43.0%[19]. - Total equity decreased by 1.7% to HK$230,594 as of September 30, 2019, from HK$234,518 as of March 31, 2019[8]. - Total equity attributable to equity holders of the Company decreased slightly to HK$224,573,000 from HK$228,427,000, a decline of about 1.6%[19]. - Cash and cash equivalents decreased by 11.9% to HK$108,922 as of September 30, 2019, compared to HK$123,664 as of March 31, 2019[8]. - Trade payables amounted to HK$7,699,000, down from HK$9,323,000, indicating a decrease of approximately 17.4%[19]. Cash Flow - For the six months ended September 30, 2019, cash generated from operations was HK$27,793,000, an increase of 76.5% compared to HK$15,747,000 in the same period of 2018[135]. - Net cash generated from operating activities was HK$26,176,000, up from HK$13,346,000, reflecting a significant improvement in operational efficiency[135]. - The company reported a net cash used in investing activities of HK$18,411,000, which is an increase from HK$11,869,000 in the prior year, highlighting increased investment efforts[135]. - The company paid dividends of HK$8,800,000 during the period, a decrease from HK$13,200,000 in the previous year, reflecting a strategic decision to conserve cash[137]. - The company reported a net cash used in financing activities of HK$22,086,000, compared to HK$17,061,000 in the previous year, indicating increased financing costs[137]. Accounting Policies and Standards - The condensed interim consolidated financial information is presented in Hong Kong dollars, with the reporting period ending on September 30, 2019[1]. - The Group's accounting policies are consistent with those used in preparing the financial statements for the year ended March 31, 2019, with the adoption of HKFRS 16 on leases starting from April 1, 2019[143]. - The adoption of new accounting standards and amendments did not have significant impacts on the Group's results and financial position[143]. - The Group has not early adopted any new standards that will become effective for the accounting period beginning on April 1, 2019[149]. - New standards effective from January 1, 2020, include HKFRS 3 (Revised) regarding the definition of a business[150]. Lease Accounting - The Group recognized lease liabilities of HK$46,262,000 as of April 1, 2019, after adopting HKFRS 16, which includes HK$17,013,000 as current liabilities and HK$29,249,000 as non-current liabilities[156]. - Right-of-use assets recognized upon application of HKFRS 16 totaled HK$49,182,000, including HK$44,126,000 related to operating leases and HK$4,448,000 reclassified from property, plant, and equipment[165]. - Lease payments are allocated between the liability and finance cost, with finance costs charged to profit or loss over the lease period[172]. - Payments associated with short-term leases (12 months or less) and leases of low-value assets are recognized as expenses in profit or loss on a straight-line basis[179]. Business Segments - The Company is primarily engaged in providing printing services and solutions for advertisements, bound books, and stationery to a diversified customer base in Hong Kong[1]. - The Group operates in two business segments: paper printing (mainly from the brand "e-print") and banner printing (mainly from the brand "e-banner")[200]. - Performance assessment of operating segments is based on gross profit less selling, distribution, and administrative expenses allocated to each segment[200]. - The Group primarily operates in Hong Kong, with its assets mainly located there, resulting in no geographical segment reporting[200].
EPRINT集团(01884) - 2020 - 中期财报