Financial Performance - Revenue for the year ended June 30, 2024, was HK$296.2 million, a decrease of 44.6% from HK$534.4 million in 2023[2] - Profit for the year attributable to owners of the Company dropped to HK$17.1 million, down 77.9% from HK$77.5 million in the previous year[5] - Basic earnings per share decreased to HK3.57 cents, compared to HK16.14 cents in 2023, reflecting a significant decline in profitability[5] - Total assets as of June 30, 2024, were HK$632.4 million, down from HK$698.8 million in 2023, indicating a reduction in the Company's asset base[2] - Total liabilities decreased to HK$152.7 million from HK$209.7 million, showing improved financial leverage[2] - The Company proposed a total dividend of HK3.5 cents for the year, down from HK6.5 cents in the previous year, reflecting the reduced profit levels[5] - Gross profit dropped by approximately 62.1% from approximately HK$220.8 million for the year ended June 30, 2023, to approximately HK$83.7 million for the year ended June 30, 2024[16] - Gross profit margin declined from approximately 41.3% for the year ended June 30, 2023, to approximately 28.3% for the year ended June 30, 2024[17] - Net profit decreased by approximately HK$60.4 million from approximately HK$77.5 million for the year ended June 30, 2023, to approximately HK$17.1 million for the year ended June 30, 2024, resulting in a net profit margin decrease from approximately 14.5% to approximately 5.8%[17] Revenue Breakdown - Revenue from packaging printing decreased by approximately 58.8% to approximately HK$73.3 million for the year ended June 30, 2024, compared to approximately HK$177.7 million for the previous year[22] - Revenue from paper gift set printing reduced by approximately 36.7% to approximately HK$188.4 million for the year ended June 30, 2024, down from approximately HK$297.7 million for the year ended June 30, 2023[23] - Revenue from card printing decreased by approximately 32.1% to approximately HK$19.0 million for the year ended June 30, 2024[24] - Revenue from smart package printing dropped by approximately 53.2% to approximately HK$9.5 million for the year ended June 30, 2024[25] - Revenue from other printing reduced by approximately 43.9% to approximately HK$6.0 million for the year ended June 30, 2024[26] Cost Management - The company is accelerating machine automation projects to improve operational efficiency and reduce reliance on manpower[33] - The management is maintaining stringent control over manufacturing costs to enhance market competitiveness[33] - Selling and distribution expenses decreased from approximately HK$7.8 million in 2023 to approximately HK$5.4 million in 2024, primarily due to a decrease in sales[39] - Administrative expenses dropped from approximately HK$106.3 million in 2023 to approximately HK$72.1 million in 2024, attributed to stricter cost control measures[39] - Direct labor costs decreased from approximately HK$58.4 million in 2023 to approximately HK$27.2 million in 2024, with no redundancy costs recorded in 2024[50] Corporate Governance - The Company has a board composed of 8 directors, including 4 executive directors, 3 independent non-executive directors, and 1 non-executive director[64] - All independent non-executive directors have confirmed their independence according to the guidelines set out in Rule 3.13 of the Listing Rules[66] - The attendance record of executive directors at board meetings is 100%, with each attending all 6 meetings since June 30, 2023[78] - The Company has established a Nomination Committee, with a majority of its members being independent non-executive directors, to recommend candidates for directorship[72] - The Company has complied with all applicable code provisions in the Corporate Governance Code since June 30, 2023[63] ESG Commitment - The Group's commitment to sustainable development is reflected in its focus on environmental protection, emission reduction, and community engagement[114] - The ESG Report complies with the "Comply or Explain" provisions of the Hong Kong Stock Exchange's Listing Rules[114] - The Group aims to enhance overall performance results through comprehensive evaluations in the ESG Report[113] - The Group aims to minimize environmental burden and prioritize environmental and social issues as part of its ESG policies[117] - The Group has established an ESG management framework with clear responsibilities across different governance levels[138] Environmental Performance - The Group's total air emissions decreased by approximately 33% to 1,196 kg in FY2023/24 from 1,792 kg in FY2022/23[157] - The Group's GHG emissions are primarily attributed to fossil fuel consumption and electricity usage for water and sewage processing[172] - The Group aims to continue its efforts in waste reduction and natural resource preservation through its operational practices[171] - The Group's commitment to environmental conservation includes monitoring and maintaining proper records of gas emissions[166] - The Group has installed wastewater recycling facilities to recycle treated wastewater back into the production process[190] Stakeholder Engagement - Major stakeholders include governments, shareholders, employees, customers, suppliers, and communities, each with specific expectations and communication channels[122] - The Group emphasizes compliance with laws and regulations, good corporate governance, and transparency to meet shareholder expectations[122] - The Group encourages employees to fully utilize production resources to reduce unnecessary consumption of materials[187] - The Group promotes environmental consciousness among employees and encourages resource conservation to contribute to environmental protection[180] - The Group is committed to continuous communication with stakeholders to address concerns and improve ESG reporting[131]
新兴印刷(01975) - 2025 - 年度财报