Financial Performance - The revenue of eprint Group Limited for the six months ended 30 September 2022 was approximately HK$163.1 million, an increase of approximately HK$9.0 million compared to the same period in 2021[10]. - The profit attributable to equity holders of the Company was approximately HK$1.0 million, representing a decrease of approximately 77.7% compared to HK$4.5 million for the six months ended 30 September 2021[11]. - The gross profit for the period was HK$64.8 million, compared to HK$59.2 million for the same period in 2021, indicating a growth in gross profit margin[14]. - Operating profit for the period was HK$4.5 million, down from HK$7.8 million in the previous year[14]. - The total comprehensive income for the period attributable to equity holders of the Company was HK$1.2 million, compared to HK$4.4 million for the same period in 2021[17]. - Earnings per share for profit attributable to equity holders of the Company was 0.18 HK cents, down from 0.82 HK cents in the previous year[17]. - The profit before income tax was HK$5.8 million, a decrease from HK$7.4 million in the same period last year[14]. - The company reported a profit for the period of HK$1,003,000, contributing to retained earnings of HK$100,234,000 as of September 30, 2022[26]. - The company reported a share of losses from joint ventures amounting to HK$999,000, indicating challenges in collaborative projects[74]. - The Group's net profit attributable to equity holders decreased to approximately HK$1 million, a decline of about 77.7% compared to the previous period, primarily due to fair value losses on financial assets and foreign exchange losses[174]. Dividends and Shareholder Returns - The Board did not declare any interim dividend for the six months ended 30 September 2022[11]. - The Board resolved not to declare an interim dividend for the six months ended 30 September 2022, compared to HK$0.8 cents per ordinary share in 2021[101]. Assets and Liabilities - Total assets increased to HK$360,876,000 as of September 30, 2022, up from HK$335,568,000 as of March 31, 2022, representing a growth of approximately 7.8%[21]. - Total equity rose to HK$253,203,000, compared to HK$250,268,000 in the previous period, indicating a slight increase of about 1.0%[21]. - Current liabilities increased to HK$107,673,000, up from HK$85,300,000, marking a rise of about 26.2%[23]. - Total liabilities increased by 26.2% to HK$107,673,000 from HK$85,300,000[23]. - Cash and cash equivalents amounted to HK$136,333,000, up from HK$18,106,000, indicating a substantial increase[21]. - The current portion of lease liabilities increased significantly to HK$14,290,000 as of September 30, 2022, compared to HK$6,221,000 as of March 31, 2022, marking an increase of approximately 129.4%[146]. - The total lease liabilities as of September 30, 2022, were HK$22,495,000, significantly higher than HK$9,714,000 as of March 31, 2022, representing an increase of approximately 131.5%[146]. Cash Flow and Financing Activities - Net cash generated from operating activities for the six months ended September 30, 2022, was HK$37,513,000, significantly higher than HK$17,217,000 for the same period in 2021, reflecting an increase of approximately 118.5%[31]. - Net cash used in financing activities amounted to HK$12,316,000 for the six months ended September 30, 2022, compared to HK$8,326,000 in the same period of 2021, representing a 48% increase[33]. - The net increase in cash and cash equivalents was HK$22,603,000 for the six months ended September 30, 2022, up from HK$16,204,000 in 2021, indicating a 39% growth[33]. - The total cash outflow of leases for the six months ended September 30, 2022, was approximately HK$9,752,000, a decrease from HK$10,057,000 for the same period in 2021, reflecting a reduction of about 3.0%[148]. Revenue Segmentation - Revenue for the six months ended 30 September 2022 was HK$163,083,000, an increase from the previous year's HK$110,871,000[70]. - The paper printing segment generated revenue of HK$110,534,000, while the banner printing segment contributed HK$46,280,000 for the same period[71]. - The property agency services segment reported revenue of HK$6,269,000, with no inter-segment revenue recorded[71]. - The total segment results for the period showed a profit of HK$4,547,000, compared to a loss of HK$3,993,000 in the previous year[71]. - Revenue from external customers for the six months ended September 30, 2022, was HK$154,081,000, an increase from HK$119,631,000 in the same period of 2021, representing a growth of approximately 28.8%[74]. - The Group's paper printing segment revenue decreased by approximately 7.4% to approximately HK$110.5 million for the six months ended 30 September 2022, with advertising printing contributing approximately HK$45.1 million, or about 27.7% of total revenue[178]. - The banner printing segment reported revenue of approximately HK$46.3 million, an increase of approximately HK$11.5 million or about 33.0% compared to the previous year, with a gross profit margin increase from approximately 45.2% to approximately 47.8%[179]. - The acquisition of Sakura Japan Property (Hong Kong) Limited contributed approximately HK$6.3 million in revenue for the property agency services segment for the six months ended 30 September 2022, with no revenue recorded in the same period of the previous year[180]. Financial Management and Risks - The Group's activities expose it to various financial risks, including market risk, credit risk, and liquidity risk[45]. - The Group applies the HKFRS 9 general approach to measure expected credit losses using a 3-stage model for financial assets at amortised cost[9]. - The Group's financial risk management information is not fully included in the interim financial information and should be read in conjunction with the consolidated financial statements for the year ended 31 March 2022[45]. Corporate Structure and Compliance - The company is engaged in providing printing services and solutions, as well as property agency services, targeting a diversified customer base in Hong Kong[36]. - The financial information is prepared in accordance with Hong Kong Accounting Standards (HKAS) 34, ensuring compliance with local regulations[36]. - The company was incorporated in the Cayman Islands on January 10, 2013, and is listed on the Main Board of The Stock Exchange of Hong Kong Limited[36]. Capital Expenditure and Investments - Capital expenditure for the period was HK$9,528,000, with depreciation of right-of-use assets at HK$6,113,000[71]. - Total capital expenditure for the period was HK$24,497,000, which includes additions of HK$2,076,000 and right-of-use assets of HK$22,421,000[106]. - Capital commitments for property, plant, and equipment amounted to HK$12,382,000 as of September 30, 2022, compared to HK$6,565,000 as of March 31, 2022, indicating an increase of approximately 88.5%[153]. Related Party Transactions - The Group's related party transactions were conducted in the normal course of business, with rental expenses for related parties totaling HK$4.8 million for the six months ended 30 September 2022[160]. - Management fee income receivable from e-post Limited was HK$469,000 for the six months ended 30 September 2022[163]. - The total compensation for key management personnel during the period was HK$2.8 million, a decrease from HK$4.4 million in the previous year[166]. - The Group's related party balances are unsecured, interest-free, and repayable on demand, with fair values approximating their carrying values[165].
EPRINT集团(01884) - 2023 - 中期财报