HONG KONG, Oct. 30, 2025 (GLOBE NEWSWIRE) -- SAMFINE CREATION HOLDINGS GROUP LIMITED (Nasdaq: SFHG) (the "Company" or "Samfine"), a printing service provider headquartered in Hong Kong, today announced its unaudited financial results for the six months ended June 30, 2025.
Overview:
-- Revenue was HK$82.1 million (US$10.5 million) for the six months ended
June 30, 2025, representing an increase of 0.2% from HK$81.9 million for
the same period in 2024.
-- Net loss was HK$8.5 million (US$1.1 million) for the six months ended
June 30, 2025, as compared with a net income of HK$0.8 million for the
same period in 2024.
Six Months Ended June 30, 2025 Financial Results
Revenue. Revenue remained relatively stable at HK$82,121,233 (US$10,461,437) for the six months ended June 30, 2025, representing a marginal increase of 0.2% compared to HK$81,934,259 for the six months ended June 30, 2024.
General and administrative expenses. General and administrative expenses increased by 81.4% to HK$20,105,220 (US$2,561,207) for the six months ended June 30, 2025 from HK$11,081,674 for the six months ended June 30, 2024, principally due to increase in legal and professional fee.
Selling and marketing expenses. Selling and marketing expenses increased by 59.3% to HK$8,720,599 (US$1,110,918) for the six months ended June 30, 2025 from HK$5,474,255 for the six months ended June 30, 2024. The overall increase in selling and marketing expenses was mainly driven by the increase in marketing and promotion expenses.
Net loss. Net loss increased by 1,120.7% to a net loss of HK$8,457,024 (US$1,077,340) for the six months ended June 30, 2025 from a net income of HK$828,511 for the six months ended June 30, 2024. The company incurred significant marketing and promotion expenses and professional fee to stimulate sales and enhance operational efficiency upon listing. However, the outbreak of the trade war hindered the achievement of sales growth as outlined in the company's original strategic plan, resulting in operating loss for the six months ended June 30, 2025.
About SAMFINE CREATION HOLDINGS GROUP LIMITED
SAMFINE CREATION HOLDINGS GROUP LIMITED is an established one-stop printing service provider which principally provides printing services in Hong Kong and the PRC. With over 20 years of experience in the printing industry, its operating subsidiaries offer a wide range of printed products such as book products, novelty and packaging products. Its operating subsidiaries' customers principally comprise of book traders located in Hong Kong whose clients are located around the world, mainly in the U.S. and Europe.
Exchange Rate Information
The Company is a holding company with operations conducted in Hong Kong and the PRC through its operating subsidiaries in Hong Kong and the PRC, Samfine HK and Samfine SZ, respectively. SFHG's reporting currency is HKD. These unaudited interim condensed consolidated financial statements contains translations of HKD into U.S. dollars solely for the convenience of the reader. Unless otherwise noted, all translations from HKD to U.S. dollars and from U.S. dollars to HKD in these unaudited interim condensed consolidated financial statements were calculated at the noon buying rate of US$1 = HK$7.8499 on June 30, 2025, as published in H.10 statistical release of the United States Federal Reserve Board. We make no representation that the HKD or U.S. dollar amounts referred to in these unaudited interim condensed consolidated financial statements could have been or could be converted into U.S. dollars or HKD, as the case may be, at any particular rate or at all.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. The Company cautions investors that actual results may differ materially from the anticipated results, and encourages investors to read the risk factors contained in the Company's unaudited interim condensed consolidated financial statements and other reports it files with the SEC before making any investment decisions regarding the Company's securities. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.
Rounding Amounts and Percentages
Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentage figures included in this press release have not in all cases been calculated on the basis of such rounded figures, but on the basis of such amounts prior to rounding.
For investor and media inquiries, please contact:
SAMFINE CREATION HOLDINGS GROUP LIMITED
Investor Relations
Email: 888@1398.cn
Telephone: (852) 3589 1500
SAMFINE CREATION HOLDINGS GROUP LIMITED AND ITS SUBSIDIARIES
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF DECEMBER 31, 2024 AND JUNE 30, 2025
As of As of As of
December 31, June 30, June 30,
2024 2025 2025
------------ ----------- -----------
HK$ HK$ US$
------------ ----------- -----------
(Audited) (Unaudited) (Unaudited)
ASSETS
CURRENT ASSETS
Cash and cash
equivalents 44,637,131 21,016,175 2,677,254
Restricted cash 14,545,723 15,125,542 1,926,845
Accounts receivable,
net
- Third parties 23,167,061 32,714,913 4,167,558
- Related party 570,149 697,798 88,893
Prepayments and other
current assets 21,274,088 19,313,555 2,460,357
Investment in life
insurance contract,
net 1,555,526 -- --
Inventories, net 11,757,137 10,380,189 1,322,334
----------- ----------- -----------
Total current assets 117,506,815 99,248,172 12,643,241
----------- ----------- -----------
NON-CURRENT ASSETS
Plant and equipment,
net 22,700,784 21,971,397 2,798,940
Intangible assets, net 674,777 718,135 91,483
Prepayments 14,191,667 9,804,167 1,248,954
Prepayment for
acquisition of plant
and equipment 23,599 6,226,938 793,250
Operating lease
right-of-use assets,
net 6,960,066 25,901,013 3,299,534
Investment in life
insurance contract,
net -- 1,569,057 199,882
Deferred tax asset 1,870,819 3,611,952 460,127
----------- ----------- -----------
Total non-current
assets 46,421,712 69,802,659 8,892,170
----------- ----------- -----------
Total assets 163,928,527 169,050,831 21,535,411
=========== =========== ===========
LIABILITIES AND
SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts and bills
payables 54,392,905 49,521,638 6,308,569
Accruals and other
payables 12,758,304 8,505,635 1,083,535
Bank and other
borrowings 13,402,782 14,718,545 1,874,998
Due to related parties 246,185 135,973 17,321
Operating lease
liabilities 2,270,289 4,585,898 584,198
----------- ----------- -----------
Total current
liabilities 83,070,465 77,467,689 9,868,621
----------- ----------- -----------
NON-CURRENT LIABILITIES
Bank and other
borrowings 3,776,763 6,930,984 882,939
Deferred tax
liabilities 156,926 156,926 19,991
Operating lease
liabilities 4,689,777 21,315,115 2,715,336
----------- ----------- -----------
Total non-current
liabilities 8,623,466 28,403,025 3,618,266
----------- ----------- -----------
Total liabilities 91,693,931 105,870,714 13,486,887
----------- ----------- -----------
COMMITMENTS AND
CONTINGENCIES (Note
18)
SHAREHOLDERS' EQUITY
Ordinary shares:
US$0.0000625 par
value, 800,000,000
shares authorized,
20,300,000 shares
issued and
outstanding as of
December 31, 2024 9,889 -- --
Class A Ordinary
Shares: US$0.0000625
par value, 791,000,000
shares authorized,
11,300,000 shares
issued and outstanding
as of June 30, 2025 -- 5,505 709
Class B Ordinary
Shares: US$0.0000625
par value, 9,000,000
shares authorized,
9,000,000 shares
issued and outstanding
as of June 30, 2025 -- 4,384 564
Additional paid-in
capital 68,647,780 68,647,780 8,837,594
Statutory reserve 278,740 278,740 35,885
Accumulated other
comprehensive income 2,860,221 2,262,766 195,323
Retained earnings
(accumulated losses) 437,966 (8,019,058) (1,021,551)
----------- ----------- -----------
Total shareholders'
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