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Public company info - eprint Group Ltd. , 01884.HK
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eprint Group Ltd., 01884.HK - Company Profile
Chairman She Siu Kee William
Share Issued (share) 550,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Printing, Publishing & Packaging
Corporate Profile Business Summary: The Group is principally engaged in the provision of printing services to a diversified customer base in Hong Kong. The Company is also engaged in the provision of solutions on advertisement, bound books and stationeries. Performance for the year: Revenue from the provision of printing and other services significantly decreased by HK$98.9 million or 27.0% from HK$365.8 million to HK$266.9 million. Profit for the year attributable to equity holders of the Company increased by HK$13.3 million or 233.3%, from HK$5.7 million for FY2019/20 to HK$19.0 million for FY2020/21. Business Review: The Company is an investment holding company principally engaged in the provision of printing services to a diversified customer base in Hong Kong. The Company is also engaged in the provision of solutions on advertisement, bound books and stationeries. The Board presents to its shareholders the result of the Group for the year ended 31 March 2021. In the current financial year, affected by the COVID-19 and the macroeconomic downturn, the Group’s revenue decreased by 27.0%, from HK$365.8 million to HK$266.9 million. Although the revenue dropped, the gross profit margin was increased from 34.8% to 38.7% as the cost of sales decreased in a higher degree. The Group’s audited profit attributable to equity holders for the year ended 31 March 2021 was HK$19.0 million, representing an increase of 233.3% when compared with last year. The increasing net profit was mainly attributed to (i) effective cost control measures implemented by the Group which resulted in the decrease in expenses, (ii) material increase in fair value gain from investments held by the Group measured at fair value through profit or loss and (iii) receipt of subsidies under the Employment Support Scheme of the Government of the Hong Kong Special Administrative Region. For the year ended 31 March 2021 (“FY2020/21”) and for the year ended 31 March 2020 (“FY2019/20”), the revenue of the Group’s paper printing segment were approximately HK$210.4 million and HK$282.3 million respectively, representing a decrease of HK$71.9 million or 25.5%. Affected by the coronavirus outbreak and the macroeconomic downturn, the sales volume for the year ended 31 March 2021 declined as compared with that of the year ended 31 March 2020. The advertising printing was still the major contributor of the segment’s revenue and recorded the amount of HK$82.8 million, representing 31.0% to the revenue for the year. The segment’s gross profit margin has been increased from 34.2% to 38.7%, and the major reason was that the cost control on subcontracting fee which was decreased by 47.9%. For the Group’s banner printing segment, similar to paper printing segment, the revenue decreased by HK$27.0 million or 32.3%. Subject to above mentioned drop in market demand, the revenue decreased during the year. Prospects: During FY2020/21, the business environment and operation of the Group was still challenging and difficult, both printing business and banner business were suffered from the impact of COVID-19 and the macroeconomic downturn, and thus the sales volume was declined during the reporting period. In the coming period, the management expects that the operating environment in Hong Kong will remain challenging and uncertain. With the unfavorable conditions, the Group will continue to closely monitor the changing of the business environment and implement the measures in order to overcome the challenges to maintain the profitability and maximise the shareholder’s value. In addition, the Company will continuity proactively to explore different business opportunities for business development through diversifying the business portfolio into new businesses. Under the leadership of the Board, the management of the Group has formed a broad consensus in response to the key improvement areas in the existing business operation and market expansion in order to further enhance the Group’s overall competitiveness. The Group will continue to strengthen its market position and increase its market share by adopting the following approaches: • Strengthening the cost control to maintain the competitive pricing strategy. • Developing the new business line and customised products and services to meet the market demand. • Continuously effort to improve the value added services, including but not limited to the e-print app, self – service Platform, phone ordering system, self checkout and collecting counters and the storage and delivery system.

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