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]

Group 1 - A new individual business named Qixin Printing Service has been established in Xinzhou District, Wuhan, with a registered capital of 10,000 RMB [1] - The legal representative of the business is Liu Dashaung, indicating a personal ownership structure [1] - The business scope includes licensed projects such as printing of documents and other printed materials, as well as binding services [1] Group 2 - General projects include typing and copying services, office services, sales of office supplies, wholesale of stationery, graphic design, advertising design and agency, advertising publishing, and paper product sales [1] - The business is also involved in office equipment leasing, rental of computer and communication equipment, and cultural equipment rental [1] - The company can operate independently in accordance with laws and regulations for non-prohibited or restricted projects [1]

Core Insights - A new company, Xinhua Meicai Printing Co., Ltd., has been established with a registered capital of 1 million RMB [1] - The legal representative of the company is Zou Yuanlan [1] Business Scope - The company is involved in various licensed projects including publication printing, printing of documents and other materials, retail of publications, binding services, and packaging printing [1] - General business activities include retail of computer hardware and software, technical services, technology development, consulting, information system integration services, electronic product sales, and various advertising services [1] - The company also engages in office services, equipment sales, typing and copying services, graphic design, and digital advertising [1]

Group 1 - A new individual business named Wu Zhong District Lei Chuang Materials Operating Department has been established, with a registered capital of 100,000 RMB [1] - The legal representative of the business is Chen Lei [1] - The business scope includes various sales and services, such as synthetic materials, engineering plastics, 3D printing materials, coatings, and electronic components [1] Group 2 - The business is authorized to engage in printing of documents and other printed materials, subject to approval from relevant authorities [1] - Additional services offered include advertising design, corporate image planning, and digital creative product exhibition [1] - The company is also involved in the wholesale and retail of food-grade plastic packaging containers and agricultural products [1]

Group 1 - Jiangxi Xinxin Printing Co., Ltd. has been established with a registered capital of 1 million RMB [1] - The legal representative of the company is Ke Yanhong [1] - The business scope includes various printing services, such as publication printing, packaging printing, and binding services [1] Group 2 - The company is also involved in digital advertising production, advertising design, and agency services [1] - It engages in import and export activities, as well as technology services including development, consulting, and transfer [1] - Additional activities include domestic trade agency, toy manufacturing and sales, and software development [1]

Group 1 - Shenzhen Hengsheng Printing Technology Co., Ltd. has been established with a registered capital of 20,000 RMB [1] - The legal representative of the company is Shen Lixiang [1] - The company's business scope includes sales of paper products, packaging materials, metal products, plastic products, machinery equipment, and internet sales among others [1] Group 2 - The company is authorized to engage in printing of packaging decoration printed materials, documents, and other specific printed materials [1] - The company can conduct business activities independently based on its business license, except for projects that require approval [1] - The company is involved in technology services, development, consulting, exchange, transfer, and promotion [1]

Core Viewpoint - Donggang Co., Ltd. is experiencing a recovery in overall business performance, with significant growth in composite products and a positive outlook for AI robotics despite challenges in traditional printing due to digitalization [2][3]. Group 1: Business Performance - In the first half of 2025, the printing business faced a decline due to electronic impacts, but there are signs of recovery [2]. - Composite products saw over 130% year-on-year growth, driven by increased orders from both new and existing bank clients [2]. - The technical services segment, which includes document storage, electronic tickets, and AI robotics, is showing stable revenue and profit growth [2]. Group 2: Business Strategy and Development - The company is leveraging existing customer resources to expand into AI robotics, maintaining confidence in annual performance [2]. - The smart card business has a broad client base, including major state-owned banks, and has the capability to produce digital RMB wallets [3]. - The company has developed a blockchain electronic ticketing system based on proprietary technology, which is adaptable to various compliant payment tools [3]. Group 3: Corporate Governance and Structure - Since 2017, the company has operated without a controlling shareholder, ensuring a structured governance model where major decisions are made by the board and shareholders [3]. - The relationship with Ant Group involves previous investment in a subsidiary, with ongoing business connections [3]. Group 4: Future Plans and Market Position - The company aims to stabilize traditional business while aggressively developing new sectors such as smart cards, document storage, electronic tickets, and AI robotics over the next 3-5 years [3]. - Current robot applications are being developed for government and education sectors, indicating a significant demand [3]. - The company has sufficient self-funding and low debt levels, with no immediate refinancing plans, evaluating major investments as needed [3].

Company Overview - Shenzhen Blue Color Printing Co., Ltd. has been established with a registered capital of 300,000 RMB [1] - The legal representative of the company is Lan Chunlong [1] Business Scope - The company engages in a variety of general business activities including graphic design, professional design services, and printing services [1] - Specific services offered include typesetting, photocopying, sales of sealing materials, photography and reprinting services, and sales of rubber products [1] - The company also provides advertising design and agency services, sales of metal packaging containers and materials, and packaging services [1] Licensing and Regulatory Compliance - The company is authorized to print packaging decoration printed materials and provide binding services for printed materials [1] - Certain business activities require approval from relevant authorities before commencement, as specified in the company's business license [1]