Core Viewpoint - Samfine Creation Holdings Group Limited reported significant financial improvements for the six months ended June 30, 2024, with a notable increase in revenue and a shift from net loss to net income [11][12][2]. Financial Performance - Revenue increased by 61.3% to HK$81.9 million (US$10.5 million) compared to HK$50.8 million for the same period in 2023, driven by higher demand for book products and novelty and packaging products [12][13]. - Net income rose by 121.8% to HK$828,511 (US$106,105) from a net loss of HK$3.8 million in the previous year, primarily due to increased assessable profit from higher revenue [2][12]. - Gross profit for the period was HK$17.0 million (US$2.2 million), up from HK$10.3 million in the same period last year [19]. Expenses - General and administrative expenses increased by 9.2% to HK$11.1 million (US$1.4 million) due to higher legal and professional fees [1]. - Selling and marketing expenses rose by 37.5% to HK$5.5 million (US$701,082), attributed to increased transportation costs [14]. Assets and Liabilities - Total assets as of June 30, 2024, were HK$127.7 million (US$16.3 million), up from HK$105.3 million [8]. - Total current liabilities increased to HK$98.1 million (US$12.6 million) from HK$70.4 million [9]. Company Overview - Samfine Creation Holdings Group Limited is a one-stop printing service provider with over 20 years of experience, primarily serving book traders in Hong Kong and internationally, especially in the U.S. and Europe [3][4].
SAMFINE CREATION HOLDINGS GROUP LIMITED Announces First Half 2024 Unaudited Financial Results