新兴印刷中期报告 2025/2026

CONTENTS Corporate Information2Management Discussion and Analysis4Financial StatementsCondensed Consolidated Statement of Profit or Loss15Condensed Consolidated Statement of Comprehensive Income16Condensed Consolidated Statement of Financial Position17Condensed Consolidated Statement of Changes in Equity18Condensed Consolidated Statement of Cash Flows19Notes to Condensed Consolidated Interim Financial Statements21Information Provided in Accordance with the Listing Rules35 2 CORPORATE INFORMATION公司資料 EXECUTIVE DIRECTORS Mr. CHAN Peter Tit SangMr. CHAN Kenneth Chi KinMr. CHAN Chi MingMr. CHAN Chun Sang Desmond NON-EXECUTIVE DIRECTORMs. CHEUNG Mei Yee Lorna INDEPENDENT NON-EXECUTIVEDIRECTORS Dr. CHU Po Kuen LouisMr. WONG Kam FaiMr. WU Chun Sing COMPANY SECRETARYMr. LAM Yiu Cho 35-374 PRINCIPAL OFFICE 4/F, Sze Hing Industrial Building35-37 Lee Chung StreetChai Wan, Hong Kong 29-31 PRINCIPAL BANKS Bank of China (Hong Kong)29-31 Lee Chung StreetChai Wan, Hong Kong 9916 DBS 16/F, The Center99 Queen’s Road CentralCentral, Hong Kong AUDITORErnst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor 1617 SHARE REGISTRAR Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong http://www.sunhingprinting.com WEBSITEhttp://www.sunhingprinting.com 1975 STOCK CODE1975 SUN HING PRINTING HOLDINGS LIMITED新興印刷控股有限公司Interim Report中期報告2025/2026 ONPAPER-RELATED PRINTING PRODUCTS產品以紙類印刷品為主 Products are mainly used in the markets of variousconsumer products as well as for the purposes of promotion,advertising and education. 我們的印刷品應用廣泛，遍及不同的消費產品市場，以及用於宣傳、廣告及教育等用途 MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析 REVIEW OF OPERATION (i)(ii)(iii)(iv)RFID(v) Sun Hing Printing Holdings Limited (the “Company”) and itssubsidiaries (collectively referred to as the “Group”) is a one-stop printing service provider. Our printing services can bebroadly categorised into (i) packaging printing services whichcover, among others, corrugated boxes, gift boxes, cardboxes and product boxes; (ii) paper gift set printing serviceswhich cover, among others, gift sets and game sets containinggift boxes, cards, booklets and hardback books; (iii) cardprinting services which cover, among others, colour cards,insert cards, warranty cards and plain cards; (iv) smart packageprinting services which cover, among others, Radio-frequencyIdentification (“RFID”) labels and Real QR Code; and (v) otherprinting services which cover, among others, stickers, colourpapers, yupo papers and red packets. 2025/2026ESGPrint Limited During the first half of the 2025/2026 fiscal year, the Groupoperated in a challenging macroeconomic environmentcharacterised by subdued demand in Hong Kong’s printingindustry, persistent geopolitical tensions, and ongoinginflationary pressures. In response, we advanced our strategicinitiatives, including completion of our investment in ESGPrint Limited to capture growing demand for sustainabilityaligned print solutions, and continued planning for anIndonesia manufacturing hub to enhance cost competitivenessand supply chain resilience. Operationally, we maintained adisciplined focus on cost control, procurement optimisation,and production scheduling, while upholding service qualityto preserve margins and customer loyalty. These effortssupported profitability and shareholder value during theperiod and position the Group for long term growth as marketconditions evolve. MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析 REVIEW OF OPERATION 22.2%132.6 The Group’s revenue increased by approximately 22.2% toapproximately HK$132.6 million for the six months ended31 December 2025, compared to the same period last year.The increase in revenue is affected by customers globallyhad launched more new projects involving printing andp r o m o t i o n a l p r o d u c t s . T h i s h a s l e d t o h i g h e r d e m a n dfor packaging and paper gift set printing services by ourcustomers, contributing to a rise in overall revenue. 32.925.4%41.3 The gross profit boosted by approximately 25.4% fromapproximately HK$32.9 million for the six months ended 31December 2024 to approximately HK$41.3 million for the sixmonths ended 31 December 2025, as a result of growth inrevenue. O u r g r o s s p r o f i t m a r g i n r e m a i n e d r e l a t i v e l y s t a b l e o fa p p r o x i m a t ely 31.1% and approximately 3 0 . 3 % f o r t h esix months ended 31 December 2025 and 31 December2024 respectively. Our net profit for the period rose byapproximately HK$3.3 million from approximately HK$2.8million for the six months ended 31 December 2024 toapproximately HK$6.1 million for the six months ended 31December 2025, considering an increase in revenue duringthe current period. The net profit margin increased fromapproximately 2.6% for the six months ended 31 December2024 to approximately 4.6% for the six months ended 31December 2025. 31.1%30.3%2.83.36.12.6%4.6% 1.270.58 Basic earnings per share was