Financial Performance - The profit for the year attributable to owners of the Company amounted to HK$32,252,000, a significant increase from HK$9,017,000 in 2018, representing a growth of 258%[14] - Basic earnings per share increased to HK6.72 cents from HK2.07 cents in 2018, reflecting improved profitability[14] - Total revenue for the year was HK$282,037,000, compared to HK$270,195,000 in 2018, marking an increase of 4.9%[9] - Gross profit increased by approximately 11.7% from approximately HK$90.5 million to approximately HK$101.1 million for the same period[32] - Profit for the year rose by approximately HK$23.3 million to approximately HK$32.3 million, with a net profit margin increase from approximately 3.3% to approximately 11.4%[33] - The Group's revenue increased by approximately 4.4% to approximately HK$282.0 million for the year ended 30 June 2019 compared to the previous year[48] - Basic earnings per share for the year ended 30 June 2019 was HK6.72 cents, up from HK2.07 cents for the previous year[34] Assets and Liabilities - Total assets as of June 30, 2019, were HK$341,924,000, up from HK$335,498,000 in 2018[10] - Total liabilities decreased to HK$42,710,000 from HK$45,808,000 in 2018, indicating improved financial stability[10] - As at 30 June 2019, the Group's net assets amounted to approximately HK$299.2 million, an increase from approximately HK$289.7 million as at 30 June 2018[51] - The current ratio was approximately 6.5 and 6.0 as at 30 June 2019 and 30 June 2018, respectively[53] - The net current assets amounted to approximately HK$235.5 million, an increase from HK$226.5 million in the previous year[57] Dividends - The Company proposed a total dividend of HK3.5 cents, an increase from HK3.0 cents in 2018, demonstrating confidence in financial performance[14] - The total proposed dividend for the current year is HK$3.5 cents per share, an increase from HK$3 cents per share in 2018[68] Revenue Breakdown - Revenue from packaging printing decreased by approximately 4.2% to approximately HK$181.7 million due to cautious spending by customers amid the trade war[43] - Revenue from booklet printing increased by approximately 57.0% to approximately HK$55.1 million, driven by increased customer orders[43] - Revenue from card printing increased by approximately 3.4% to approximately HK$30.5 million[43] - Revenue from IT Technology printing services was approximately HK$4.6 million, a decrease of approximately HK$0.5 million compared to the previous year[43] - Revenue from other printing services decreased by approximately 6.5% to approximately HK$10.1 million[43] Operational Strategies - The Group plans to enhance operational effectiveness and explore potential new markets for sustainable growth amid ongoing trade war challenges[18] - Stringent cost control policies will be adopted to minimize waste and enhance production efficiency[18] - The Company is actively seeking advanced printing technologies and materials to provide value-added services to customers[19] Environmental Performance - The company's air emissions in the PRC factory were reduced by approximately 31%, from 820,000g in FY2018 to 569,000g in FY2019[180] - Emissions of nitrogen oxides (NOx), sulphur oxides (SOx), and respiratory suspended particles (RSP) were reduced by approximately 31%, 32%, and 31% respectively during the reporting year[190] - The operations in the PRC factory account for approximately 99% of the company's total emissions[175] - There were no material non-compliance issues with relevant environmental laws and regulations during the reporting year[176] - The company plans to disclose the environmental performance of its Hong Kong office starting from the next reporting year for better overall impact assessment[175] - The company has implemented eco-friendly measures to reduce its carbon footprint in business operations[180] - The Group is committed to environmental conservation, natural resource saving, and waste reduction as part of its green practices[198] Corporate Governance - All Independent Non-executive Directors have confirmed their independence in accordance with Rule 3.13 of the Listing Rules[95] - The attendance record of Directors at board meetings since June 30, 2018, shows a 100% attendance rate for all Executive and Independent Non-executive Directors[98] - Each Director has access to independent professional advice whenever necessary[100] - The Company emphasizes the importance of internal control and risk management to safeguard assets and shareholder interests[115] - The Audit Committee reviews the effectiveness of the internal control system and assists the Board in its responsibilities[118] - The Board is satisfied that the overall financial, operational, and compliance controls remain effective[123] Shareholder Communication - The AGM provides an opportunity for communication between the Board and shareholders, with key personnel present to address shareholder questions[144] - Shareholders holding at least 10% of the paid-up capital can requisition an Extraordinary General Meeting (EGM) within two months of their request[149] - The Company maintains a proactive policy for promoting investor relations and communications, ensuring timely access to corporate and financial information[153] - Specific enquiries and suggestions from shareholders can be sent in writing to the Board or Company Secretary[152] - The Company’s website features a dedicated Investor Relations section to facilitate communication with shareholders and investors[153] Audit and Compliance - For the year ended June 30, 2019, the auditors received approximately HK$1,337,000 for audit services, an increase from HK$1,272,000 in 2018[127] - Non-audit services provided to the Group amounted to approximately HK$80,000 in 2019, compared to HK$76,000 in 2018[127] - The audit committee reviews the financial statements and compliance with accounting standards for the financial year ended June 30, 2019[140] - The audit committee is satisfied with the external auditors' work and has recommended their re-appointment for the financial year ending June 30, 2020[140]
新兴印刷(01975) - 2019 - 年度财报