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Cre8 Enterprise Limited Announces Its First Half 2025 Unaudited Financial Results
Globenewswire· 2025-12-01 21:15
Core Viewpoint - Cre8 Enterprise Limited reported a modest revenue increase and a significant rise in net income for the six months ended June 30, 2025, driven by growth in integrated IPO financial printing services and reduced operating expenses [2][7]. Financial Performance - Revenue increased by approximately 1.4% from HK$58.0 million for the six months ended June 30, 2024, to HK$58.8 million (US$7.5 million) for the same period in 2025 [2]. - Net income rose by approximately 63.7% from HK$4.9 million for the six months ended June 30, 2024, to HK$8.0 million (US$1.0 million) for the six months ended June 30, 2025 [7]. - Gross profit slightly decreased by approximately 2.6% from HK$28.3 million for the six months ended June 30, 2024, to HK$27.6 million (US$3.5 million) for the same period in 2025 [3]. Revenue Breakdown - Revenue from integrated IPO financial printing services increased by approximately HK$7.6 million, or 45.1%, from HK$17.0 million for the six months ended June 30, 2024, to HK$24.6 million (US$3.1 million) for the six months ended June 30, 2025 [2]. - Revenue from non-IPO financial printing services decreased by approximately HK$6.9 million, or 16.7%, from HK$41.0 million for the six months ended June 30, 2024, to HK$34.1 million (US$4.4 million) for the same period in 2025 [2]. Expense Management - Selling and marketing expenses decreased by approximately HK$3.2 million, or 29.7%, from HK$11.0 million for the six months ended June 30, 2024, to HK$7.7 million (approximately US$1.0 million) for the six months ended June 30, 2025 [4]. - General and administrative expenses decreased by approximately HK$0.9 million, or 8.1%, from HK$11.3 million for the six months ended June 30, 2024, to HK$10.4 million (US$1.3 million) for the same period in 2025 [5]. Tax and Earnings Per Share - Income tax expense increased from approximately HK$1.2 million for the six months ended June 30, 2024, to approximately HK$1.6 million (US$0.2 million) for the six months ended June 30, 2025 [6]. - Basic and diluted earnings per share were approximately HK$0.36 (US$0.05) for the six months ended June 30, 2025, compared to HK$0.22 for the same period in 2024 [8]. Cash Flow and Capital Resources - As of June 30, 2025, cash and cash equivalents were approximately HK$11.3 million (US$1.4 million), down from HK$13.8 million as of December 31, 2024 [9]. - Net cash generated from operating activities for the six months ended June 30, 2025, was approximately HK$0.9 million (US$0.1 million) [10]. - Cash used in investing activities was approximately HK$0.7 million (US$0.1 million) for the purchase of property and equipment [11]. Recent Developments - The company was listed on the Nasdaq Capital Market on July 23, 2025, under the ticker symbol "CRE" [13]. - The initial public offering generated total gross proceeds of $6.67 million, including proceeds from the over-allotment option [13]. Company Overview - Cre8 Enterprise Limited provides integrated financial printing services for listed companies, IPO applicants, and private companies in Hong Kong, covering a range of services from design to compliance document submissions [14].
Cre8 Enterprise Limited Expands Its Programming Team to Develop AI-enhanced Project Management Platform
Globenewswire· 2025-11-25 10:51
Core Insights - Cre8 Enterprise Limited is expanding its programming team to develop an AI-enhanced project management platform aimed at improving internal communication and collaboration among team members [1] - The platform will feature tools such as tagging, real-time notifications, shared dashboards, task lists, timelines, and Gantt charts to enhance workflow organization and task allocation [1] - This initiative is expected to provide better oversight for clients undergoing IPOs by improving document updates, version control, and regulatory filing timelines [1][2] Company Overview - Cre8 Enterprise Limited offers integrated financial printing services for listed companies, IPO applicants, and private companies in Hong Kong, covering a wide range of services from concept creation to compliance document submissions [3] - The company has expanded its offerings to include complementary design services such as website design, branding, and content creation for marketing materials [3] - Additionally, Cre8 provides technological support through its "Cre8IR" brand, disseminating announcements, financial reports, and industry news feeds [3]
Cre8 Enterprise Limited Expands Its Programming Team to Develop AI-enhanced Project Management Platform
Globenewswire· 2025-11-25 10:51
Core Insights - Cre8 Enterprise Limited is expanding its programming team to develop an AI-enhanced project management platform aimed at improving internal communication and collaboration among team members [1] - The platform will feature tools such as tagging, real-time notifications, shared dashboards, task lists, timelines, and Gantt charts to enhance workflow organization and task allocation [1] - This initiative is expected to provide better oversight for clients undergoing IPOs by improving document updates, version control, and regulatory filing timelines [1][2] Company Overview - Cre8 Enterprise Limited offers integrated financial printing services for listed companies, IPO applicants, and private companies in Hong Kong, covering a wide range of services from concept creation to compliance document submissions [3] - The company has expanded its offerings to include complementary design services like website design, branding, and content creation for marketing materials [3] - Additionally, Cre8 provides technological support through its "Cre8IR" brand, disseminating announcements, financial reports, and industry news feeds [3]
Cre8 Enterprise Limited Accepts Crypto-Currencies as a Payment Method for Its Clients
Globenewswire· 2025-11-17 12:00
Core Insights - Cre8 Enterprise Limited has launched a new digital payment initiative allowing clients to settle payments using cryptocurrencies such as USD Coin (USDC), Tether (USDT), and Bitcoin (BTC) [1][2] - This initiative reflects the company's commitment to financial innovation and enhancing customer convenience through blockchain-based payment solutions [2] Company Overview - Cre8 Enterprise Limited is a Hong Kong-based provider of integrated financial printing services, catering to listed companies, IPO applicants, and private companies in the finance and capital market [3] - The company offers a wide range of services including concept creation, artwork design, typesetting, proofreading, translation, printing, binding, logistics, and e-submissions of financial reports and compliance documents [3] - In addition to core services, Cre8 has expanded to include complementary design services such as website design, branding, and content creation for marketing materials [3] - The company also provides technological support through its "Cre8IR" brand, disseminating announcements, circulars, financial reports, and industry news feeds [3]
Ransomware Ensnares $4.3 Trillion Muni Market’s Key Site
Insurance Journal· 2025-10-16 05:04
Core Viewpoint - A ransomware attack has disrupted the MuniOS platform, affecting the ability of state and local borrowers to post debt documents in the $4.3 trillion municipal bond market [1][2]. Group 1: Impact on Municipal Bond Market - MuniOS, operated by ImageMaster LLC, has been out of service for several days, impacting the posting of bond offering documents [1]. - Despite the outage, market participants have not reported delays in transactions, although some issuers are using alternative platforms like BondLink [2][4]. - The municipal bond market is crucial for financing infrastructure projects for states, cities, and other entities [3]. Group 2: Operational Adjustments - Issuers are resorting to traditional methods, such as sending large-file PDFs directly and making extensive phone calls to investors [4]. - The Texas Transportation Commission successfully posted documents for a $1.8 billion sale on a different platform, McElwee & Quinn LLC, and provided physical copies to investors [5]. Group 3: Cybersecurity Concerns - Ransomware attacks have become a significant concern, with recent high-profile incidents affecting various corporations [6]. - The municipal market has seen growing concerns over cyber risks, highlighted by a previous incident where a bond sale was hacked [7]. - The MuniOS platform, launched in 1999, holds a significant market share, with over 70% reported in 2017 [7]. Group 4: Regulatory Response - The Municipal Securities Rulemaking Board has advised issuers to use its EMMA website for posting preliminary official statements and other market information during the MuniOS outage [8].
Cre8 Enterprise Limited Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
Globenewswire· 2025-10-06 20:30
Core Points - Cre8 Enterprise Limited has received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement of $1 per share for its Class A Ordinary Shares [1][2] - The company has a compliance deadline of April 1, 2026, to regain compliance by maintaining the closing bid price at or above $1 for at least ten consecutive business days [2] - If compliance is not achieved by the deadline, the company may be eligible for additional time to regain compliance, provided it meets other listing requirements [2][3] Company Overview - Cre8 Enterprise Limited is a Hong Kong-based integrated financial printing service provider, offering services to listed companies, IPO applicants, and private companies in the finance and capital market [4] - The company's services include concept creation, artwork design, typesetting, proofreading, translation, printing, binding, logistics, and e-submissions of financial reports and compliance documents [4] - Cre8 has expanded its offerings to include website design, branding, content creation for marketing materials, and technological support for disseminating announcements and financial reports through its "Cre8IR" brand [4]
Cre8 Enterprise Limited Develops AI-Enhanced Translation Workflow Transformation
Globenewswire· 2025-09-18 11:05
Core Insights - Cre8 Enterprise Limited is developing internal AI tools to enhance its financial printing services, focusing on translation, typesetting, proofreading, and design [1][2] - The AI-driven enhancements are expected to improve accuracy, reduce turnaround times, and lower costs, with translation costs potentially decreasing by up to 90% compared to traditional methods [2] - The company is also exploring strategic partnerships with technology leaders to expand the applications of its developed tools [2][3] Company Overview - Cre8 Enterprise Limited provides integrated financial printing services for listed companies, IPO applicants, and private companies in Hong Kong, covering a wide range of services from design to logistics [4] - The company has expanded its offerings to include complementary services such as website design, branding, and content creation for marketing materials [4] - Cre8 also supports clients by disseminating and publishing financial reports and announcements through its "Cre8IR" brand [4]
Cre8 Enterprise Limited Announces Full Exercise of Over-Allotment Option
Globenewswire· 2025-07-30 15:30
Core Viewpoint - Cre8 Enterprise Limited successfully completed the over-allotment option of its initial public offering, raising additional funds to support its business expansion and operational upgrades [1][2][3]. Group 1: Offering Details - The over-allotment option allowed the purchase of an additional 217,500 Class A ordinary shares at a public offering price of US$4.00 per share, generating gross proceeds of US$0.87 million [1][2]. - The total gross proceeds from the offering increased to approximately US$6.67 million before deducting underwriting discounts and other expenses [2]. Group 2: Use of Proceeds - The company plans to utilize the net proceeds for upgrading its office in Hong Kong, expanding its workforce, staff training, acquiring equipment, and general corporate purposes [3]. Group 3: Company Overview - Cre8 Enterprise Limited provides integrated financial printing services for listed companies and IPO applicants in Hong Kong, offering a range of services including design, typesetting, translation, and logistics [7]. - The company has expanded its services to include website design, branding, and technological support for disseminating financial reports and announcements [7].
Cre8 Enterprise Limited Announces Closing of Initial Public Offering
Globenewswire· 2025-07-24 15:30
Core Points - Cre8 Enterprise Limited has successfully closed its initial public offering (IPO) of 1,450,000 Class A ordinary shares at a price of $4.00 per share, generating gross proceeds of approximately $5.8 million [1][2] - The Class A Ordinary Shares began trading on the Nasdaq Capital Market under the ticker symbol "CRE" on July 23, 2025 [1] - The company has granted underwriters a 45-day option to purchase an additional 217,500 Class A Ordinary Shares, representing 15% of the shares sold in the offering [1] Use of Proceeds - The net proceeds from the IPO will be utilized for upgrading the company's office in Hong Kong, expanding its workforce, staff training, acquiring equipment and IT systems, and for general corporate purposes [2] Underwriters and Legal Counsel - The offering was conducted on a firm commitment basis with American Trust Investment Services, Inc. as the representative of the underwriters and Prime Number Capital, LLC as the co-underwriter [3] - Ortoli Rosenstadt LLP serves as U.S. securities counsel to the company, while Winston & Strawn LLP acts as legal counsel to the underwriters [3] Company Overview - Cre8 Enterprise Limited provides integrated financial printing services for listed companies, IPO applicants, and private companies in Hong Kong, covering a range of services from design to logistics [6] - The company has expanded its offerings to include complementary design services and technological support through its "Cre8IR" brand [6]
Cre8 Enterprise Limited Announces Pricing of Initial Public Offering and Listing on Nasdaq
Globenewswire· 2025-07-22 23:29
Core Viewpoint - Cre8 Enterprise Limited has announced the pricing of its initial public offering (IPO) of 1,450,000 Class A ordinary shares at a price of $4.00 per share, with expected gross proceeds of approximately $5.8 million [1][3]. Group 1: Offering Details - The Class A Ordinary Shares are set to begin trading on the Nasdaq Capital Market under the symbol "CRE" on July 23, 2025, with the offering expected to close on July 24, 2025 [2]. - The company has granted underwriters a 45-day option to purchase an additional 217,500 Class A Ordinary Shares, representing 15% of the shares sold in the offering [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for upgrading the company's office in Hong Kong, expanding its workforce, staff training, acquiring equipment and IT systems, and for general corporate purposes [4]. Group 3: Company Overview - Cre8 Enterprise Limited provides integrated financial printing services for listed companies, IPO applicants, and private companies in Hong Kong, covering a range of services from design to logistics and compliance document submissions [8]. - The company has expanded its offerings to include website design, branding, and technological support for disseminating financial reports and announcements through its "Cre8IR" brand [8].