自願性公告 — 與Horizon Inc. 簽訂戰略合作協議 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不會就本公告全部或任何部 分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 eprint GROUP LIMITED eprint 集團有限公司 （於開曼群島註冊成立之有限公司） (股份編號: 1884) 本公告乃由eprint集團有限公司（「本公司」，連同其附屬公司「本集團」） 自願刊發，以知會本公司股東及潛在投資者本集團業務發展的最新情況。 本公司董事（「董事」）會（「董事會」）欣然宣佈，本公司之間接全資附屬 公司保諾時網上印刷有限公司（「保諾時」）已於二零二五年五月十五日與 Horizon Inc.（「Horizon」，其中一家全球性的先進印刷技術及解決方案領 導企業）訂立一份戰略合作協議（「該協議」），為期三年。 根據該協議的條款，保諾時與Horizon將合作進行按需印刷、創新印刷解決方 案及新一代印刷格式的聯合探索、研究及開發工作。此戰略聯盟旨在結合雙方 的互補優勢，整合本集團在印刷媒體及服務方面的專業知識 ...

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $247 million, a slight decline from $249 million in Q1 2024, reflecting a decrease of $2 million or 1% year-over-year [11][20] - Gross profit percentage decreased to 19% in Q1 2025 from 20% in Q1 2024, indicating a decline in profitability [21] - The company reported a net loss of $7 million for Q1 2025, compared to a net income of $32 million in the prior year, a decrease of $39 million [21][22] - Operational EBITDA for Q1 2025 was $2 million, down from $4 million in Q1 2024, reflecting a decline of $2 million [22] Business Line Data and Key Metrics Changes - The Advanced Materials and Chemical Group (AM and C) is highlighted as crucial for Kodak's future, with ongoing investments in growth initiatives [11][12] - The commercial print business is transitioning from controlled introduction to controlled production of the Prosper Ultra 520 press, with several units being installed at customer sites [12] Market Data and Key Metrics Changes - Demand for various types of film, including still motion picture and NDT, continues to grow, prompting investments in expanding film production capacity [12] - The company remains committed to U.S.-based manufacturing, which is expected to reduce environmental impact and ensure high quality and reliable supply [13][27] Company Strategy and Development Direction - Kodak is focused on operational efficiencies and cost reductions, having shut down unprofitable businesses to concentrate on growth areas [9][19] - The company is committed to maintaining and expanding U.S. manufacturing across all business lines, which is part of its long-term strategy [27] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by global economic uncertainty but emphasized the company's commitment to executing its long-term plan [8][19] - The management expressed confidence in the core business performance and the potential for long-term gains despite short-term challenges related to tariffs [10][28] Other Important Information - The termination and settlement process for the U.S. Pension plan is proceeding as planned, with expectations to use reverted assets to reduce long-term debt [15][17] - The company ended Q1 2025 with a cash balance of $158 million, a decrease of $43 million from the end of 2024, primarily due to investments in growth initiatives and increased costs [22][25] Summary of Q&A Session - There was no formal Q&A session during the call, but the Investor Relations team is available for follow-up inquiries [7]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $247 million, a slight decline of $2 million or 1% compared to $249 million in Q1 2024, indicating a slowdown in the rate of decline [10][18] - Gross profit decreased by $3 million or 6% year-over-year, with a gross profit percentage of 19% compared to 20% in the prior year [20][21] - The company reported a net loss of $7 million for Q1 2025, a significant decrease of $39 million from a net income of $32 million in Q1 2024 [20][21] - Operational EBITDA for Q1 2025 was $2 million, down from $4 million in the prior year [21] Business Line Data and Key Metrics Changes - The Advanced Materials and Chemical Group (AM and C) is highlighted as crucial for Kodak's future, with ongoing investments in growth initiatives, including a new CGMP pharma manufacturing facility [10][11] - The commercial print business is transitioning to controlled production of the Prosper Ultra 520 press, with continuous demand for U.S.-made lithographic printing plates [12] Market Data and Key Metrics Changes - Demand for various types of film, including still and motion picture, continues to grow, prompting investments in expanding film facility capacity [11] - The company remains committed to U.S.-based manufacturing, which is expected to reduce environmental impact and ensure high quality and reliable supply [12][25] Company Strategy and Development Direction - Kodak is focused on operational efficiencies and cost reduction, having shut down unprofitable businesses to concentrate on growth areas [8][10] - The company is navigating tariff changes and is committed to compliance while aiming for long-term gains despite short-term challenges [9][10] - Kodak's strategy includes leveraging excess pension fund assets to reduce long-term debt and interest costs, facilitating further investments in profitable growth [26] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the global economic uncertainty but emphasizes the company's commitment to executing its long-term plan [7][18] - The focus remains on driving smart revenue, implementing pricing rationalization, and investing in innovation and IT systems to enhance operational efficiency [17][18] Other Important Information - The termination and settlement process for the U.S. Kodak Retirement Income Plan is proceeding as planned, with expectations for a significant portion of reverted assets to be used for debt reduction [14][16] - The company ended Q1 2025 with a cash balance of $158 million, a decrease of $43 million from the previous year, primarily due to investments in growth initiatives and increased costs [21][22] Summary of Q&A Session - No formal Q&A session was held during the call, but the Investor Relations team is available for follow-up inquiries [6]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was just over $536 million, up 1.4% on a comparable adjusted basis year over year [9][18] - Comparable adjusted EBITDA for the quarter was just over $100 million, increasing nearly 3.5% from 2024 [10][19] - Comparable adjusted EPS finished at $0.75, reflecting just over 4% expansion versus the prior year [10][20] - Net debt levels decreased to $1.46 billion, down approximately $80 million from the previous year [28] Business Line Data and Key Metrics Changes - Payments and Data segments grew by a blended rate just above 8.5%, with the Data segment revenue growing 29% year over year [11][24] - Merchant Services revenue grew by 1.3% year over year to $97.8 million, with adjusted EBITDA remaining flat at $21.4 million [20] - B2B segment revenues increased by 1.2% to $70.2 million, with adjusted EBITDA dollars remaining flat at $13.3 million [22] - Print segment revenue declined by 4% year over year to $291.3 million, with legacy check revenues declining by 1.8% [26] Market Data and Key Metrics Changes - The revenue mix shifted towards payments and data offerings, with the ratio of print to payments and data segments changing from 57:43 to 54:46 year over year [11] - The company continues to monitor macroeconomic trends and consumer sentiment for potential impacts on revenue [6][32] Company Strategy and Development Direction - The company is focused on executing its North Star strategy, which emphasizes accelerating free cash flow and profit growth [5][14] - The management is maintaining overall guidance ranges for 2025 despite macroeconomic uncertainties [9][32] - New partnerships, such as with TownBank, are seen as opportunities to expand market reach and improve service delivery [38][66] Management's Comments on Operating Environment and Future Outlook - Management acknowledged extraordinary volatility and macroeconomic uncertainty but emphasized control over internal execution [5][6] - The company expects continued strong performance in the Data segment and is optimistic about future growth despite potential challenges in the Print segment [24][32] Other Important Information - The company reported a free cash flow of $24.3 million for the quarter, improving by $18.1 million from the previous year [29] - The Board approved a regular quarterly dividend of $0.30 per share, payable on June 2, 2025 [31] Q&A Session Summary Question: Insights on the Merchant Business - Management noted that the Merchant business continues to perform well across various market conditions, with strength in government and not-for-profit sectors [34][35] Question: Strategic Changes with New Leadership - Management expressed confidence in the new leadership and highlighted a focus on improving partnership relationships and expanding distribution channels [36][38] Question: Segment Modeling and Performance - Management indicated that the Data segment had a strong quarter but does not expect to maintain a 29% growth rate, projecting upper single digits to low double digits for the full year [44] Question: Impact of Government Check Phasing Out - Management clarified that the federal government is not a customer and does not expect significant impact from the phasing out of physical checks [54][56] Question: Observations on Tariffs and Spending - Management noted minimal evidence of consumer pull forward in spending related to tariffs, emphasizing that their revenue is transaction-based [58][59] Question: Potential Catalysts for Partnerships - Management highlighted the company's strong brand and relationships in the banking sector as key advantages for driving new partnerships [66][70]

Financial Data and Key Metrics Changes - Consolidated revenue grew by 1% on a reported basis and 3% on an organic constant currency basis [12] - Adjusted EBITDA declined by $3.5 million year over year, impacted by a $2.6 million impairment charge related to a planned sale [15][16] - Gross profit would have increased modestly if not for the impairment charge and preproduction startup costs [16] Business Line Data and Key Metrics Changes - Key growth categories such as promotional products, signage, packaging, and labels grew at double-digit rates [12][13] - The consumer product category returned to 5% growth after a decline in the previous quarter [13] - The business cards and stationery product category declined by 3% year over year, showing slight improvement from a 4% decline in the previous quarter [14] Market Data and Key Metrics Changes - Strong performance in Europe despite macro headwinds, while U.S. revenue and profitability were affected by organic search algorithm changes [13][14] - New customer acquisition via signage, packaging, and labels grew more than 10% over the prior year [4] Company Strategy and Development Direction - The company is focused on expanding into elevated products to serve customers with higher lifetime value [4][10] - Plans to balance capital deployment between organic growth investments, reducing leverage, and share repurchases [20][86] - The company aims to leverage competitive advantages during periods of volatility, particularly related to tariffs [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering attractive growth in per share cash flow despite a noisy backdrop [3] - The uncertainty surrounding tariffs has led to the withdrawal of long-term guidance [88][90] - The company expects to finish the year with increased liquidity, positioning itself to take advantage of opportunities in FY 2026 [19][86] Other Important Information - The company is actively working on mitigating tariff impacts, particularly from Chinese sourced raw materials [18] - The new production facility in the U.S. is operational and fulfilling orders, allowing for new product introductions [6][12] Q&A Session Summary Question: Which customer verticals are most exposed to tariff impacts? - Management indicated that promotional products, apparel, and gifts are the most exposed, with promotional products representing over 20% of consolidated revenue [22][24] Question: What is the expected tariff expense on remaining China COGS? - The estimated tariff expense on the remaining $20 million of China COGS is about $29 million, but pricing changes may offset some of this [29][31] Question: How is the company addressing potential demand impacts from price increases? - Management noted that they are monitoring demand closely and have the ability to adjust costs if necessary [41][42] Question: What is the rationale for withdrawing long-term guidance? - The withdrawal is primarily due to tariff uncertainty and its potential impact on demand [88][90] Question: Has the leverage target been reevaluated? - The leverage target remains unchanged, with a focus on maintaining flexibility during volatile periods [93]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was just over $536 million, up 1.4% on a comparable adjusted basis year over year [9][19] - Comparable adjusted EBITDA for the quarter was just over $100 million, increasing nearly 3.5% from 2024 [10][20] - Comparable adjusted EPS finished at $0.75, reflecting just over 4% expansion versus the prior year [10][21] - Net debt levels decreased to $1.46 billion, down approximately $80 million from the previous year [28] Business Line Data and Key Metrics Changes - Payments and Data segments grew by a blended rate just above 8.5%, with Data segment revenue growing 29% year over year [11][24] - Merchant Services revenue grew by 1.3% year over year to $97.8 million, with adjusted EBITDA remaining flat at $21.4 million [21] - B2B segment revenues finished at $70.2 million, increasing 1.2% versus 2024, with adjusted EBITDA dollars remaining flat at $13.3 million [22][23] - Print segment revenue declined 4% year over year, with legacy check revenues declining 1.8% [26] Market Data and Key Metrics Changes - The revenue mix shifted towards payments and data offerings, with the ratio moving from 57:43 to 54:46 in favor of payments and data segments [11] - The Data Solutions segment achieved record levels for the quarter, with revenues of $77.2 million, reflecting a growth of 29.3% [24] Company Strategy and Development Direction - The company is focused on executing its North Star strategy, which emphasizes free cash flow and profit growth [5][14] - The management is maintaining overall guidance ranges for 2025 despite macroeconomic uncertainties [31][32] - The company aims to optimize its balance sheet and reduce net debt levels, with a long-term target of three times leverage or better by the end of 2026 [28][29] Management's Comments on Operating Environment and Future Outlook - Management acknowledged extraordinary volatility and macroeconomic uncertainty but emphasized control over internal execution [5][6] - The company continues to monitor consumer sentiment and discretionary spending for potential impacts on its outlook [6] - Despite anticipated challenges, management remains confident in achieving its 2025 revenue and EBITDA goals [14][31] Other Important Information - The company received an S&P ratings upgrade, improving its rating from B- to single B, with a positive outlook [28] - Free cash flow for the quarter was $24.3 million, improving by $18.1 million from the previous year [29][30] - A regular quarterly dividend of $0.30 per share was approved, payable on June 2, 2025 [30] Q&A Session Summary Question: Can you provide more detail on the merchant business and its performance? - The merchant business continues to perform well across various market conditions, with strong retention and ongoing volume from diversified customer categories [33][34] Question: What strategic changes might occur with the new leadership in the merchant business? - The new leadership aims to improve partnership relationships and expand distribution channels, with recent partnerships indicating a move upmarket [35][36] Question: How should we model the segment performance, especially with potential declines? - The data segment is expected to continue strong growth, while print may see a larger decline due to promotional pressures [40][43] Question: What is the secret to the data segment's recent success? - The data business leverages a large consumer and small business database combined with advanced AI tools to effectively target marketing campaigns [46][48] Question: What is the potential impact of the Trump administration's commentary on physical checks? - The company has no direct exposure to government checks and does not anticipate significant collateral impacts from the announcement [52][55] Question: Have there been signs of spending pull forward due to tariffs? - There was a small amount of pull forward in promotional products, but no significant evidence of stocking in the business [56] Question: What are the potential catalysts for driving additional partnerships? - The company has strong brand recognition and relationships in the banking sector, which positions it well for future partnerships [61][62]

Group 1 - Multiple local securities regulatory bureaus have issued risk warnings regarding financial fraud, highlighting the prevalence of scams involving impersonation of legitimate financial institutions and counterfeit investment platforms [1] - The price of gold jewelry has reached a new high, with domestic prices for 24K gold jewelry approaching 1040 CNY per gram as of April 21 [1] - The lithium industry is seeing an increase in lithium carbonate production, with demand for new energy vehicles continuing to grow, leading to a rise in battery installation [1] Group 2 - The plan to cancel foreign ownership limits in app stores and internet access services is part of a broader initiative to expand service industry openness in China [2] - IDC forecasts that China's big data IT spending will reach 62.17 billion USD by 2028, with a compound annual growth rate (CAGR) of approximately 24.9%, the highest globally [2] - TrendForce predicts that the market value of humanoid robots in China will exceed 4.5 billion CNY by 2025, driven by production plans from major manufacturers [2] Group 3 - Novo Nordisk has updated the instructions for its weight-loss drug, indicating a 20% reduction in the risk of major adverse cardiovascular events for overweight or obese patients with cardiovascular disease [3][4] - CATL has launched its second-generation supercharging battery, which boasts a range of 800 kilometers and a peak charging power exceeding 1.3 megawatts [4] - China National Heavy Duty Truck Corporation is facing challenges with declining sales and profit margins, with first-quarter heavy truck sales down 7.23% and revenue growth slowing significantly compared to previous years [4] Group 4 - Anpei Long has initiated the first inquiry transfer in the ChiNext market, which is expected to provide a stable development environment for companies [5] - Datar Robotics' founder addressed recent concerns about layoffs, stating that while there are challenges in Shanghai, the company remains committed to its operations there [5] - Qianxun Location has completed a new financing round exceeding 1 billion CNY, with participation from new and existing investors [6] Group 5 - Zhongbei Communication signed a 440 million CNY contract for computing power services, indicating a significant business development [6] - Shanghai Auto Parts reported a 12.66% increase in revenue for 2024, with a net profit growth of 17.32% [6][7] - Hanghua Co. announced a 6.75% increase in revenue and a 13.17% rise in net profit for 2024, along with a cash dividend proposal [7] Group 6 - Rijiu Optoelectronics reported a 346.48% increase in net profit for the first quarter of 2025, with revenue growth of 16.45% [8] - Haili Biology achieved a net profit growth of 172.28% for 2024, with a revenue increase of 12.59% [9] Group 7 - The Shanghai Composite Index rose by 0.45%, marking a seven-day winning streak, with total trading volume exceeding 1 trillion CNY [10] - Gold stocks experienced significant gains, with multiple stocks reaching their daily limit [10] - The market saw active trading in consumer sectors, particularly e-commerce and film, while banking and liquor sectors faced declines [10]

Group 1 - The core point of the news is the performance and characteristics of the convertible bond issued by Yaoji Technology, which has seen a price increase and has specific terms regarding its conversion to equity [1] - The convertible bond has a credit rating of "A+" and a maturity period of 6 years with varying interest rates from 0.30% in the first year to 3.00% in the sixth year [1] - The bond's conversion price is set at 20.6 yuan, with the conversion starting on July 31, 2024, and the current conversion premium rate is 15.18% [1] Group 2 - Yaoji Technology, originally established as Shanghai Yaoji Poker Co., Ltd. in 1994, has evolved into a leading modern poker production base with an annual output of 800 million decks [2] - The company has transitioned from traditional manufacturing to a comprehensive innovative enterprise, investing in various high-quality internet technology and healthcare companies [2] - For the period from January to September 2024, Yaoji Technology reported a revenue of 2.7897 billion yuan, a year-on-year decline of 21.89%, and a net profit attributable to shareholders of 424.1 million yuan, down 23.95% year-on-year [2]