Financial Performance - For the year ended 30 June 2021, the Group's revenue increased to HK$380.1 million, up 21.8% from HK$311.8 million in 2020[5] - Profit for the year attributable to owners of the Company reached a historical high of HK$77.8 million, representing a 73.5% increase from HK$44.9 million in the previous year[10] - Basic earnings per share rose to HK16.22 cents, compared to HK9.34 cents in 2020, marking an increase of 73.5%[10] - The Group's total assets as of 30 June 2021 amounted to HK$490.2 million, a 19.3% increase from HK$410.8 million in 2020[5] - Total liabilities increased to HK$104.9 million, up 19.6% from HK$87.7 million in the previous year[5] - The equity attributable to owners of the Company rose to HK$385.3 million, an increase of 19.3% from HK$323.1 million in 2020[5] - The Group's revenue increased by approximately 21.9% to approximately HK$380.1 million for the year ended 30 June 2021 compared to the previous year[21] - Gross profit rose by approximately 32.1% from approximately HK$114.7 million for the year ended 30 June 2020 to approximately HK$151.5 million for the year ended 30 June 2021[21] - Gross profit margin increased from approximately 36.8% during the year ended 30 June 2020 to approximately 39.9% during the year ended 30 June 2021[22] - Profit for the year increased by approximately HK$32.9 million from approximately HK$44.9 million for the year ended 30 June 2020 to approximately HK$77.8 million for the year ended 30 June 2021[22] - Net profit margin increased from approximately 14.4% for the year ended 30 June 2020 to approximately 20.5% for the year ended 30 June 2021[22] Revenue Breakdown - Revenue from packaging printing services increased by approximately 5.5% to approximately HK$199.8 million for the year ended 30 June 2021, compared to approximately HK$189.3 million for the year ended 30 June 2020[30] - Revenue from paper gift set printing increased by approximately 90.6% to approximately HK$119.6 million for the year ended 30 June 2021, compared to approximately HK$62.7 million for the year ended 30 June 2020[30] - Revenue from card printing increased by approximately 15.4% to approximately HK$39.2 million for the year ended 30 June 2021[30] - Revenue from smart package printing decreased by approximately 16.2% to approximately HK$12.0 million for the year ended 30 June 2021[30] - Revenue from other printing services decreased by approximately 17.0% to approximately HK$9.5 million for the year ended 30 June 2021[30] Cost Control and Efficiency - The Group will continue to maintain stringent cost control measures to enhance overall production efficiency and market competitiveness[10] - The Group adopted stringent cost control measures contributing to the increase in gross profit and net profit margins[22] - The Group has implemented stringent cost control measures to enhance market competitiveness[33] Dividends - The Company proposed a final dividend of HK4.0 cents, up from HK3.5 cents in the previous year, resulting in a total proposed dividend of HK5.5 cents for the year[10] - The proposed final dividend is HK4.0 cents per share, with a total dividend of HK5.5 cents per share for the current year, up from HK4.5 cents in 2020[50][50]. Corporate Governance - The company is committed to maintaining high standards of corporate governance practices and procedures, emphasizing accountability and transparency[70] - The Board of Directors consists of 7 members, including 4 Executive Directors and 3 Independent Non-executive Directors, ensuring a balanced composition for effective management[72] - The company has complied with all applicable code provisions in the Corporate Governance Code since June 30, 2020[71] - The Nomination Committee, primarily composed of Independent Non-executive Directors, is responsible for recommending candidates for directorship[80] - All Independent Non-executive Directors have confirmed their independence according to the guidelines set out in the Listing Rules[80] - The company has established a regular schedule for board meetings, which can be increased as necessary[80] - The company secretary is responsible for preparing the agenda for board meetings, ensuring all directors are properly briefed[80] - The company maintains a Director's & Officer's Liability Insurance as part of its best practices[80] - The company strives to continuously improve corporate governance practices and cultivate an ethical corporate culture[70] ESG Commitment - The Group emphasizes its commitment to sustainable development and outlines management policies related to environmental protection, emission reduction, and community engagement[164] - The Group's ESG report covers the period from July 1, 2020, to June 30, 2021, focusing on its major operations in the People's Republic of China[163] - The report complies with the "Environmental, Social and Governance Reporting Guide" of the Stock Exchange of Hong Kong Limited, summarizing the Group's ESG performance during the reporting year[164] - The Group aims to minimize environmental burden and prioritize environmental and social issues[169] - The Group has established an ESG management framework with clear responsibilities to ensure effective implementation of ESG governance policies[175] - The Group supports local communities through environmental protection and community contributions[174] - The Group achieved its environmental targets for 2021, including compliance with Guangdong Province's emission standards for air pollutants and sewage, with all targets met[197] - 100% of hazardous and non-hazardous solid wastes were safely recycled, with hazardous wastes managed by qualified third-party recycling companies[197] - The Group implemented measures to reduce VOC emissions by using environmentally friendly soybean ink and water-based oil, achieving the target for air pollutants during production[197] - The Group's wastewater from production is uniformly recycled and treated by a qualified third-party recycling company, meeting the discharge limits for water pollutants[197] - The Group adheres to a comprehensive internal environmental management system to monitor and manage pollutants generated from operations[189] - There were no material non-compliance issues with environmental laws and regulations during the reporting year[190] - The Group's sustainability efforts align with China's national goals for carbon neutrality by 2060 and peak carbon emissions by 2030[188] Future Plans and Challenges - The Group plans to enhance internal operation effectiveness and explore opportunities in new markets, particularly in environmentally friendly packaging[12] - The Group anticipates challenges due to COVID-19, trade tensions, and environmental regulations impacting future operations[32] - The Group is exploring opportunities to promote smart package and sustainable products to differentiate from competitors[33]
新兴印刷(01975) - 2021 - 年度财报