SUN HING PRINT (01975) released its annual results, with a net profit of 17.145 million Hong Kong dollars, a year-on-year decrease of 77.9%.

SUN HING PRINT (01975) announced its financial results for the year ended June 30, 2024, with revenue of HK$296 million, a decrease of 44.6% year-on-year; net profit of HK$17.145 million, a decrease of 77.9% year-on-year; earnings per share of HK$0.357, proposing a final dividend of HK$0.025 per share. The decrease in revenue during the period was mainly due to a decline in printing revenue from packaging and paper gift sets. The main reason for this decline was customers adopting a more conservative consumption pattern due to concerns about global economic growth slowing down and high tariff tensions, resulting in reduced spending on printing and promotional materials, indirectly reducing the sales orders received by the group from foreign and local customers.