HONG KONG, September 29, 2026 (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, 2026.
Overview:
- Revenue was HK$77.2 million (US$9.8 million) for the six months ended June 30, 2026, representing a decrease of 6.0% from HK$82.1 million for the same period in 2025.
- Net loss was HK$14.8 million (US$1.9 million) for the six months ended June 30, 2026, as compared with a net loss of HK$8.5 million for the same period in 2025.
Six Months Ended June 30, 2026 Financial Results
Revenue. Revenue remained relatively stable at HK$77,204,628 (US$9,845,018) for the six months ended June 30, 2026, representing a marginal decrease of 6.0% compared to HK$82,121,233 for the six months ended June 30, 2025.
Cost of revenue. Cost of revenue remained relatively stable at HK$62,311,470 (US$7,945,865) for the six months ended June 30, 2026, representing a marginal decrease of 6.1% compared to HK$66,340,565 for the six months ended June 30, 2025. The decrease was generally in line with the decline in overall sales volume.
Gross Profit. Gross profit decreased by 5.6% from HK$15,780,668 for the six months ended June 30, 2025 to HK$14,893,158 (US$1,899,153) for the six months ended June 30, 2026, driven primarily by lower revenue contribution. Gross profit margin remained relatively stable at 19.3% compared to 19.2% for the prior period.
General and administrative expenses. General and administrative expenses decreased by 9.0% from HK$20,105,220 for the six months ended June 30, 2025 to HK$18,286,670 (US$2,331,889) for the six months ended June 30, 2026, principally due to a decrease in office expenses and professional fees incurred during the period.
Selling and marketing expenses. Selling and marketing expenses remained relatively stable at HK$8,648,044 (US$1,102,786) for the six months ended June 30, 2026, representing a marginal decrease of 0.8% compared to HK$8,720,599 for the six months ended June 30, 2025.
Other gains (losses), net. Other gains (losses), net shifted significantly from net other gains of HK$3,213,799 for the six months ended June 30, 2025 to net other losses of HK$2,292,546 (US$292,342) for the six months ended June 30, 2026. This change was a key driver of the increase in net loss for the period, primarily resulting from foreign exchange losses driven by RMB fluctuations and write-offs and disposals of specialized equipment.
Net loss. Net loss increased by 75.6% from HK$8,457,024 for the six months ended June 30, 2025 to HK$14,849,336 (US$1,893,566) for the six months ended June 30, 2026. Ongoing trade tensions and market uncertainties negatively affected the Company’s sales growth as outlined in its strategic plan, leading to an operating loss for the six months ended June 30, 2026.
About SAMFINE CREATION HOLDINGS GROUP LIMITED
SAMFINE CREATION HOLDINGS GROUP LIMITED is an established one-stop printing service provider which principally provides printing services in Hong Kong and the PRC. With over 20 years of experience in the printing industry, its operating subsidiaries offer a wide range of printed products such as book products, novelty and packaging products. Its operating subsidiaries’ customers principally comprise of book traders located in Hong Kong whose clients are located around the world, mainly in the U.S. and Europe.
Exchange Rate Information
The Company is a holding company with operations conducted in Hong Kong and the PRC through its operating subsidiaries in Hong Kong and the PRC, Samfine HK and Samfine SZ, respectively. SFHG’s reporting currency is HK$. These unaudited interim condensed consolidated financial statements contains translations of HK$ into U.S. dollars solely for the convenience of the reader. Unless otherwise noted, all translations from HK$ to U.S. dollars and from U.S. dollars to HK$ in these unaudited interim condensed consolidated financial statements were calculated at the noon buying rate of US$1 = HK$7.842 on June 30, 2026, as published in H.10 statistical release of the United States Federal Reserve Board. We make no representation that the HK$ 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 HK$, as the case may be, at any particular rate or at all.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. The Company cautions investors that actual results may differ materially from the anticipated results, and encourages investors to read the risk factors contained in the Company’s unaudited interim condensed consolidated financial statements and other reports it files with the SEC before making any investment decisions regarding the Company’s securities. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.
Rounding Amounts and Percentages
Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentage figures included in this press release have not in all cases been calculated on the basis of such rounded figures, but on the basis of such amounts prior to rounding.
For investor and media inquiries, please contact:
SAMFINE CREATION HOLDINGS GROUP LIMITED
Investor Relations
Email: 888@1398.cn
Telephone: (852) 3589 1500
SAMFINE CREATION HOLDINGS GROUP LIMITED AND ITS SUBSIDIARIES
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF DECEMBER 31, 2025 AND JUNE 30, 2026
As of December 31, 2025 |
As of June 30, 2026 |
As of June 30, 2026 | ||||
| HK$ | HK$ | US$ | ||||
| (Audited) | (Unaudited) | (Unaudited) | ||||
| ASSETS | ||||||
| CURRENT ASSETS | ||||||
| Cash and cash equivalents | 31,172,798 | 28,929,438 | 3,689,038 | |||
| Restricted cash | 15,023,582 | 4,741,909 | 604,681 | |||
| Accounts receivable, net | ||||||
| - Third parties | 28,739,851 | 33,221,527 | 4,236,359 | |||
| - Related party | 516,920 | 208,508 | 26,589 | |||
| Prepayments and other current assets, net | 13,517,496 | 20,321,780 | 2,591,403 | |||
| Inventories, net | 12,849,149 | 13,093,535 | 1,669,668 | |||
| Prepaid income tax | 277,570 | 277,570 | 35,395 | |||
| Total current assets | 102,097,366 | 100,794,267 | 12,853,133 | |||
| NON-CURRENT ASSETS | ||||||
| Plant and equipment, net | 26,984,809 | 29,049,194 | 3,704,309 | |||
| Intangible assets, net | 650,700 | 592,977 | 75,616 | |||
| Investment in life insurance contract, net | 1,559,502 | 1,567,745 | 199,916 | |||
| Prepayments | 9,804,167 | 2,166,667 | 276,290 | |||
| Prepayment for acquisition of plant and equipment | 4,056,564 | 2,074,456 | 264,531 | |||
| Operating lease right-of-use assets, net | 25,679,797 | 24,031,706 | 3,064,487 | |||
| Deferred tax asset | 1,495,836 | 1,608,261 | 205,083 | |||
| Total non-current assets | 70,231,375 | 61,091,006 | 7,790,232 | |||
| Total assets | 172,328,741 | 161,885,273 | 20,643,365 | |||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||
| CURRENT LIABILITIES | ||||||
| Accounts and bills payables | 53,960,626 | 54,133,583 | 6,903,033 | |||
| Accruals and other payables | 6,444,731 | 10,433,876 | 1,330,512 | |||
| Bank and other borrowings | 23,549,661 | 24,056,502 | 3,067,648 | |||
| Due to related parties | 100,000 | 80,000 | 10,201 | |||
| Operating lease liabilities | 5,113,112 | 5,426,949 | 692,036 | |||
| Total current liabilities | 89,168,130 | 94,130,910 | 12,003,430 | |||
| NON-CURRENT LIABILITIES | ||||||
| Bank and other borrowings | 10,783,889 | 11,710,416 | 1,493,295 | |||
| Deferred tax liabilities | 6,526 | 4,868 | 621 | |||
| Operating lease liabilities | 20,566,685 | 18,604,757 | 2,372,451 | |||
| Total non-current liabilities | 31,357,100 | 30,320,041 | 3,866,367 | |||
| Total liabilities | 120,525,230 | 124,450,951 | 15,869,797 | |||
| COMMITMENTS AND CONTINGENCIES (Note 18) | ||||||
| SHAREHOLDERS’ EQUITY | ||||||
| Class A Ordinary shares: US$0.0003125 par value,158,200,000 shares authorized, 2,260,000 shares issued and outstanding as of June 30, 2026 and December 31, 2025* | 5,505 | 5,505 | 709 | |||
| Class B Ordinary shares: US$0.0003125 par value, 1,800,000 shares authorized, 1,800,000 shares issued and outstanding as of June 30, 2026 and December 31, 2025* | 4,384 | 4,384 | 564 | |||
| Additional paid-in capital | 68,647,780 | 68,647,780 | 8,753,861 | |||
| Statutory reserve | 278,740 | 278,740 | 35,545 | |||
| Accumulated other comprehensive income | 2,244,558 | 2,724,705 | 347,439 | |||
| Accumulated losses | (19,377,456 | ) | (34,226,792 | ) | (4,364,550 | ) |
| Total shareholders’ equity | 51,803,511 | 37,434,322 | 4,773,568 | |||
| Total liabilities and shareholders’ equity | 172,328,741 | 161,885,273 | 20,643,365 | |||
- Giving retroactive effect to the 1-for-5 share consolidation.
SAMFINE CREATION HOLDINGS GROUP LIMITED AND ITS SUBSIDIARIES
UNAUDITED INTERIM CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME (LOSS)
FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2026
| Six months ended June 30, | |||||||||
| 2025 | 2026 | 2026 | |||||||
| HK$ | HK$ | US$ | |||||||
| REVENUE | 82,121,233 | 77,204,628 | 9,845,018 | ||||||
| COST OF REVENUE | (66,340,565 | ) | (62,311,470 | ) | (7,945,865 | ) | |||
| Gross profit | 15,780,668 | 14,893,158 | 1,899,153 | ||||||
| OPERATING EXPENSES | |||||||||
| Selling and marketing | (8,720,599 | ) | (8,648,044 | ) | (1,102,786 | ) | |||
| General and administrative | (20,105,220 | ) | (18,286,670 | ) | (2,331,889 | ) | |||
| Total expenses | (28,825,819 | ) | (26,934,714 | ) | (3,434,675 | ) | |||
| LOSS FROM OPERATION | (13,045,151 | ) | (12,041,556 | ) | (1,535,522 | ) | |||
| OTHER INCOME (EXPENSE) | |||||||||
| Interest income | 43,856 | 67,770 | 8,642 | ||||||
| Interest expense | (445,562 | ) | (801,083 | (102,153 | ) | ||||
| Other income | 78,252 | 103,996 | 13,261 | ||||||
| Other gain, net | 3,213,799 | 2,292,546 | (292,342 | ) | |||||
| Total other income, net | 2,890,345 | (2,921,863 | ) | (372,592 | ) | ||||
| LOSS BEFORE INCOME TAX EXPENSE | (10,154,806 | ) | (14,963,419 | ) | (1,908,114 | ) | |||
| INCOME TAX INCOME | 1,697,782 | 114,083 | 14,548 | ||||||
| NET LOSS | (8,457,024 | ) | (14,849,336 | ) | (1,893,566 | ) | |||
| FOREIGN CURRENCY TRANSLATION ADJUSTMENT | (597,455 | ) | 480,147 | 61,228 | |||||
| TOTAL COMPREHENSIVE LOSS | (9,054,479 | ) | (14,369,189 | ) | (1,832,338 | ) | |||
| Weighted average number of ordinary shares: | |||||||||
| Basic and diluted | 4,060,000 | 4,060,000 | 4,060,000 | ||||||
| LOSS PER SHARE: | |||||||||
| BASIC AND DILUTED* | (2.08 | ) | (3.66 | ) | (0.47 | ) | |||
- Giving retroactive effect to the 1-for-5 share consolidation.