Hung Hing Printing Group Income Statement

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,025	2,195	2,387	2,950	3,529
Revenue Growth (YoY)	-7.73%	-8.05%	-19.09%	-16.40%	38.17%
Cost of Revenue	1,768	1,888	1,998	2,530	3,051
Gross Profit	257.51	306.51	388.91	419.85	478.19
Selling, General & Admin	395.13	393.17	385.68	435.5	469.42
Other Operating Expenses	-68.8	-33.52	-23.14	-42.69	-51.37
Operating Expenses	326.33	359.65	362.54	392.81	418.05
Operating Income	-68.82	-53.15	26.37	27.04	60.14
Interest Expense	-2.74	-4.54	-9.39	-4.65	-2.93
Interest & Investment Income	-	16.28	27.8	15.11	8.82
Earnings From Equity Investments	0.02	0.78	-0.93	-2.74	-0.36
Currency Exchange Gain (Loss)	-	-5.23	-12.07	-20.19	4.39
EBT Excluding Unusual Items	-71.53	-45.85	31.78	14.57	70.06
Gain (Loss) on Sale of Investments	-	9.65	4.06	-0.29	3.43
Gain (Loss) on Sale of Assets	-	-2.37	131.04	60.68	-5.11
Asset Writedown	-	-0.14	-	-	-
Pretax Income	-71.53	-38.7	166.88	74.95	68.38
Income Tax Expense	11.35	13.08	35.62	20.45	19.06
Earnings From Continuing Operations	-82.88	-51.79	131.27	54.51	49.32
Minority Interest in Earnings	3.95	8.42	3.89	11.53	2.63
Net Income	-78.94	-43.36	135.16	66.04	51.95
Net Income to Common	-78.94	-43.36	135.16	66.04	51.95
Net Income Growth	-	-	104.66%	27.11%	-52.49%
Shares Outstanding (Basic)	907	906	902	899	901
Shares Outstanding (Diluted)	907	906	907	905	905
Shares Change (YoY)	0.16%	-0.13%	0.25%	-0.04%	-0.24%
EPS (Basic)	-0.09	-0.05	0.15	0.07	0.06
EPS (Diluted)	-0.09	-0.05	0.15	0.07	0.06
EPS Growth	-	-	104.11%	28.07%	-52.89%
Free Cash Flow	-	30.36	15.05	287.4	-335.85
Free Cash Flow Per Share	-	0.03	0.02	0.32	-0.37
Dividend Per Share	0.060	0.080	0.080	0.080	0.080
Dividend Growth	-25.00%	-	-	-	14.29%
Gross Margin	12.72%	13.96%	16.29%	14.23%	13.55%
Operating Margin	-3.40%	-2.42%	1.10%	0.92%	1.70%
Profit Margin	-3.90%	-1.98%	5.66%	2.24%	1.47%
Free Cash Flow Margin	-	1.38%	0.63%	9.74%	-9.52%
EBITDA	40.58	56.25	131.45	138.2	172.87
EBITDA Margin	2.00%	2.56%	5.51%	4.68%	4.90%
D&A For EBITDA	109.4	109.4	105.08	111.16	112.73
EBIT	-68.82	-53.15	26.37	27.04	60.14
EBIT Margin	-3.40%	-2.42%	1.10%	0.92%	1.70%
Effective Tax Rate	-	-	21.34%	27.28%	27.87%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.