SUN HING PRINT (01975.HK): Positive Profit Alert, Expects FY2026 Profit of About HKD 10.0 Million to HKD 20.0 Million
- The Group recognised an aggregate impairment loss of approximately HKD 87.7 million on property, plant and equipment and right-of-use assets for the prior year, while no such impairment loss was recognised for the current year.
- Increased demand for packaging and paper gift set printing, driven by global customers launching more new projects related to printed and promotional products, drove up the Group's overall revenue.
NewTimeSpace News: On 16 September 2026, Sun Hing Printing Holdings Limited (stock code: 01975.HK) issued a positive profit alert stating that, based on a preliminary review of the Group's latest unaudited management accounts for the year ended 30 June 2026 and information currently available to the Board, the Group is expected to record a profit for the year of between approximately HKD 10.0 million and HKD 20.0 million, compared with a loss of approximately HKD 88.6 million for the year ended 30 June 2025.
The announcement disclosed that the expected turnaround from loss to profit was mainly attributable to the Group's recognition of an aggregate impairment loss of approximately HKD 87.7 million on property, plant and equipment and right-of-use assets for the year ended 30 June 2025, whereas no impairment loss was recognised on such assets for the year ended 30 June 2026, together with increased demand for packaging and paper gift set printing as global customers launched more new projects related to printed and promotional products, which drove up revenue from the relevant business and the Group's overall revenue. The Group's unaudited annual results announcement for the year ended 30 June 2026 is expected to be published on 28 September 2026.
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