Financial Performance - For the year ended June 30, 2022, the Company reported a revenue of HK$657.7 million, a 73% increase from HK$380.1 million in 2021[7]. - Profit for the year attributable to owners of the Company reached a historical high of HK$115.8 million, up 48.7% from HK$77.8 million in the previous year[11]. - Basic earnings per share increased to HK24.12 cents, compared to HK16.22 cents in 2021, reflecting a growth of 48.5%[11]. - The Company proposed a total dividend of HK8.6 cents for the year, an increase from HK5.5 cents in the previous year, indicating a commitment to stable returns for shareholders[11]. - Total assets as of June 30, 2022, were HK$719.2 million, up from HK$490.2 million in 2021, representing a 46.7% increase[8]. - Total liabilities increased to HK$251.9 million from HK$104.9 million in 2021, marking a 140% rise[8]. - The Group's revenue increased by approximately 73.0% to approximately HK$657.7 million for the year ended 30 June 2022 compared to the previous year[25]. - Gross profit rose by approximately 76.2% from approximately HK$151.5 million for the year ended 30 June 2021 to approximately HK$266.9 million for the year ended 30 June 2022[25]. - Net profit for the year increased by approximately HK$38.0 million from approximately HK$77.8 million for the year ended 30 June 2021 to approximately HK$115.8 million for the year ended 30 June 2022[25]. - Administrative expenses increased to approximately HK$108.4 million from approximately HK$61.3 million, primarily due to redundancy costs and salary increments[43]. - Selling and distribution expenses rose to approximately HK$10.2 million from approximately HK$5.3 million, attributed to increased sales and redundancy costs[43]. Market Conditions and Challenges - The ongoing geopolitical tensions and COVID-19 pandemic are expected to keep the global economy volatile, impacting future market conditions[11]. - The printing industry in Hong Kong continues to face intense competition and challenges from the ongoing impact of the COVID-19 pandemic and geopolitical tensions[22]. - The business faces challenges from COVID-19, geopolitical tensions, and material supply uncertainties, impacting future operations[35]. Strategic Initiatives - The Group plans to enhance internal operation effectiveness and explore opportunities in the environmentally friendly packaging market for sustainable growth[13]. - The Company is actively looking into the latest printing technologies and advanced machinery to provide value-added services and differentiate from competitors[13]. - The Group focused on promoting smart package and sustainable products, enhancing value-added services for customers[25]. - The company is exploring opportunities to promote smart package and sustainable products to differentiate from competitors[36]. ESG Commitment and Reporting - The Group is committed to sustainable development, focusing on environmental protection, emission reduction, and community engagement[156]. - The Group's ESG report covers the period from July 1, 2021, to June 30, 2022, aligning with its financial year[155]. - The report includes new Scope 3 emissions data from downstream transportation and distribution starting from the Reporting Year[157]. - The Group aims to minimize environmental burden and prioritize environmental and social issues[160]. - The Group calculates ESG performance intensities per hundred thousand Hong Kong dollars of revenue to facilitate year-on-year comparisons[162]. - A materiality assessment was conducted to identify key ESG issues, involving surveys with internal and external stakeholders[169]. - The Group's commitment to ESG issues is reflected in its ongoing review and adaptation of strategies to align with stakeholder expectations and sustainable development goals[176][179]. - The Group aims to develop ESG objectives and targets that better meet stakeholder expectations[188]. Corporate Governance - The company reported a commitment to high standards of corporate governance, emphasizing accountability and transparency[65]. - 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[67]. - The company has complied with all applicable code provisions in the Corporate Governance Code since June 30, 2021[66]. - The Audit Committee reviews the effectiveness of the internal control system and assists the Board in its responsibilities[103]. - The Company has adopted the Model Code for Securities Transactions by Directors to ensure compliance with trading standards[97]. Environmental Management - The Group has established a unique environmental management system based on ISO 14001 to manage waste gases, sewage, noise, and solid wastes[190]. - The company achieved its environmental targets for air pollutants during production, meeting the secondary emission standards and reducing VOCs through the use of environmentally friendly soybean ink[195]. - The company successfully recycled 100% of hazardous solid wastes, ensuring safe disposal through qualified third-party recycling companies[197]. - The company maintained compliance with the "Emission Standard for Industrial Enterprises Noise at Boundary," providing protective equipment and conducting regular noise inspections[199]. - The company reported zero leakage of dangerous materials/chemicals, adhering to hazardous goods management regulations and conducting annual spill drills[197]. Employee and Stakeholder Engagement - The Group emphasizes the importance of employee rights, compensation, and workplace safety in its stakeholder engagement[167]. - Occupational health and safety, along with employee training and development, are considered cornerstones of the Group's success, highlighting the importance of workforce welfare[175][178]. - The Group actively engages with stakeholders through various communication channels, including meetings, reports, and official websites[166].
新兴印刷(01975) - 2022 - 年度财报