Company Overview - Nantong Ruimin Color Printing Technology Co., Ltd. has recently been established with a registered capital of 2 million RMB [1] - The legal representative of the company is Yang Ruijie [1] Business Scope - The company is involved in various printing services including publication printing, packaging and decoration printing, and other printing services for documents and materials [1] - It also offers binding services for printed materials, which require approval from relevant authorities before operation [1] - General business activities include technical services, development, consulting, and promotion, as well as professional design services and digital content production [1] Sales and Products - The company engages in the sale of office supplies, paper products, ink (excluding hazardous chemicals), machinery, and office equipment consumables [1]

Group 1 - A new company, Lianyungang Guangrui Printing Co., Ltd., has been established with a registered capital of 500,000 RMB [1] - The legal representative of the company is Sun Hongzhong [1] - The business scope includes printing of documents and other printed materials, graphic design, and office supplies sales [1]

Group 1 - Shenzhen Zhongke Chuxing Printing Co., Ltd. has been established with a registered capital of 5 million RMB [1] - The legal representative of the company is Lei Zhichao [1] - The company's business scope includes sales of packaging materials and products, printing services, and professional design services [1] Group 2 - The company is authorized to engage in specific printing services, binding services, and packaging printing [1] - The company can conduct business activities independently based on its business license, except for projects that require approval [1] - The company is also involved in technology services, development, consulting, and promotion [1]

Group 1 - Shenzhen Lizhen Printing Technology Co., Ltd. has been established with a registered capital of 50,000 RMB [1] - The legal representative of the company is Zhang Liqin [1] - The business scope includes graphic design, advertising production, sales of paper products, digital advertising design and agency, and technical services [1] Group 2 - The company is authorized to engage in printing services, including binding, printing of documents and publications, and specific printing products [1] - The company can operate independently within the scope of its business license, except for projects that require approval [1] - The specific business activities are subject to approval by relevant authorities [1]

Group 1 - Shenzhen Xingde Color Printing Co., Ltd. has been established with a registered capital of 200,000 RMB [1] - The legal representative of the company is Xie Weizhong [1] - The business scope includes general business projects such as typing and copying, information consulting services, packaging services, computer system services, and technology services [1] Group 2 - The company is authorized to engage in printing of documents, materials, and other printed products, as well as packaging and decoration printing [1] - The company can only conduct licensed business activities after obtaining approval from relevant authorities [1] - Specific business projects are subject to approval documents or permits from relevant departments [1]

Core Viewpoint - Recently, Heyuan Caixing Printing Co., Ltd. was established with a registered capital of 300,000 RMB, focusing on various printing services and related activities [1] Business Scope - The company is authorized to engage in printing of documents, materials, and other printed products, as well as binding services, publication printing, packaging and decoration printing, and specific printing services [1] - The general business activities include graphic design, advertising design and agency, typing and copying services, sales of gifts and flowers, wholesale of stationery, and office services [1] - Additional services encompass corporate image planning, advertising publishing, sales of office equipment and supplies, cultural and artistic products rental, and sales of lighting fixtures and semiconductor lighting components [1]

Core Insights - Zaozhuang Yacai Digital Printing Technology Co., Ltd. has been established with a registered capital of 1 million RMB [1] - The company is engaged in various printing services, including packaging printing, document printing, and binding services [1] - The business scope also includes digital advertising production, office equipment sales, and 3D printing services [1] Company Overview - The legal representative of the company is Chen Hui [1] - The company operates under a licensing framework, requiring approval from relevant authorities for certain activities [1] - General projects include typing and copying, digital technology services, and cultural equipment rental [1] Industry Context - The establishment of the company reflects growth in the digital printing and advertising sectors [1] - The diverse range of services offered indicates a strategic approach to capture various market segments [1] - The inclusion of 3D printing services suggests an alignment with current technological trends in the printing industry [1]

Core Viewpoint - Emerging Printing (01975) anticipates a significant shift from a profit of approximately HKD 17.1 million last year to a projected loss between HKD 80 million and HKD 95 million for the fiscal year ending June 30, 2025 [1] Financial Performance - The expected loss is primarily attributed to impairment assessments conducted by management, resulting in impairment losses on properties, plants, equipment, and right-of-use assets estimated between HKD 80 million and HKD 95 million [1] - The company has slightly reduced the cost of goods sold and administrative expenses; however, these savings are offset by ongoing fixed selling, distribution, and financing costs that do not decrease in line with revenue declines [1] Market Conditions - Concerns over a global economic slowdown and widespread inflation have led consumers to adopt more conservative spending behaviors, resulting in cautious expenditure on printing and promotional products [1]

Core Viewpoint - New Printing (01975) anticipates a significant loss for the fiscal year ending June 30, 2025, projecting a loss between approximately HKD 80 million to HKD 95 million, compared to a profit of about HKD 17.1 million in the previous year [1] Financial Performance - The expected loss is primarily attributed to impairment assessments conducted by management, resulting in impairment losses on properties, plants, equipment, and right-of-use assets estimated between approximately HKD 80 million to HKD 95 million [1] - The company has slightly reduced the cost of goods sold and administrative expenses; however, these savings are offset by ongoing fixed selling, distribution expenses, and financing costs, which do not decrease in line with revenue declines [1] Market Conditions - Concerns over a global economic slowdown and widespread inflation have led consumers to adopt more conservative spending behaviors, resulting in cautious spending on printing and promotional products, ultimately causing a decline in revenue [1]

Core Viewpoint - New Emerging Printing (01975.HK) anticipates a significant loss of approximately HKD 80 million to HKD 95 million for the fiscal year ending June 30, 2025, compared to a profit of about HKD 17.1 million for the fiscal year ending June 30, 2024 [1] Financial Performance - The expected loss is primarily attributed to an impairment loss provision of approximately HKD 80 million to HKD 95 million for properties, plants, equipment, and right-of-use assets due to the annual loss [1] - The company has slightly reduced the cost of goods sold and administrative expenses, but these savings are offset by ongoing fixed selling, distribution expenses, and financing costs that do not decrease with reduced revenue [1] Market Conditions - Concerns over global economic slowdown and widespread inflation have led consumers to adopt more conservative spending behaviors, resulting in cautious expenditure on printing and promotional products, ultimately causing a decline in revenue [1]