Slide 1: Annual Results 2021
Annual Results 2021 2021年業績簡報 At Hung Hing, we are proud of our 70+ years of printing and packaging excellence, which has seen the Group grown from a small printing house to one of the largest printing solution providers in Asia with an extensive global outreach. ©2022 Hung Hing Printing Group Ltd.
Slide 2: Hung Hing Printing Group Ltd. 2021 Results
Hung Hing Printing Group Ltd. 2021 Results 鴻興印刷集團2021年度業績 Sales increased significantly to 3,529 mil. (up +38.2%); GP% down 3%pt.; Profit Attributable to Shareholders dropped 52.5% to 52 mil. 營業額35億2千9 百萬, 上升38.2%; 毛利率降3個百份點; 股東應佔溢利下降52.5%至5千2百萬元 (Unit: HK$ million / 單位: 港 幣 百 萬 元 ) 2021 2020 • Grou
Slide 3: Group Income Statement - 2021
Group Income Statement - 2021 • Revenue increased significantly to 3,529 mil (up +38.2%); driven by an increase in orders from strategic customers and diversification into new export markets. • Profit dropped 52%; dragged by 3%pt. decline in GP (mainly surges in paper price, labour shortages, logist
Slide 4: Financial position: 2021
Financial position: 2021 Financial position remains strong with net cash 882m (incl. 389m structured deposits and excl. bank borrowings) and low gearing 5.7% As at Dec 31 (HK$ million) 2021 2020 Changes Comm ent (vs. Dec-20) Assets Non-current 1,548 1,477 71 Mainly capex investments & deposits (in p
Slide 5: Group Revenue - External Customers
Group Revenue - External Customers Significant overall growth +38.2% vs. 2020, driven by an increase in orders from strategic customers and diversification into new export markets; Sales of BPP (exports) and PT (paper trading) grew by +48% and +39% respectively. (HK$ million) 4,000 % vs. 2020 3,529
Slide 6: Group EBITDA
Group EBITDA EBITDA softened by 17% vs. prior year to 192 mil. (5.4% of sales), mainly due to surges in paper price, labour shortages, logistics disruptions and increase in distribution costs, unfavourable RMB exchange, and discontinuation of government subsidies provided in 2020. EBITDA (HK$ millio
Slide 7: Segment revenue & profit contribution% - 2021
Segment revenue & profit contribution% - 2021 All BUs reported sales growth; Surges in paper price benefited PT, but impacted other BUs Books and Package Printing (BPP) Consumer Product Packaging (CPP) Revenue (HK$mil.) Revenue (HK$mil.) 2,500 6.0% 5.5% 2,307 600 1.0% 22 5.0% 500 2,000 1 0.0% 1,559
Slide 8: Proposed Final & Special Dividends
Proposed Final & Special Dividends ©2022 Hung Hing Printing Group Ltd.
Slide 9: Earnings / (Loss) per Share (EPS / LPS)
Earnings / (Loss) per Share (EPS / LPS) 公司权益持有人应佔溢利 / (虧損)及每股盈利 / (虧損) Profit / (Loss) Basic Attributable to Shareholders EPS / (LPS) 1200 140 1050 120 116.7 1000 100 800 80 (HK$ million) (HK Cents) 600 60 400 40 200 109 41 76 52 20 8.4 12.1 4.5 5.8 0 0 (75) (8.3) (200) (20) 2017 2018 2019 2020 2021
Slide 10: Proposed Final & Special Dividends for 2021
Proposed Final & Special Dividends for 2021 (HK¢ per share) Commentary • Despite global economic & geo-political 35.0 uncertainties remain, we are confident 32 to maintain business growth momentum with sustained performance in 2022 and 30.0 beyond, taking into account: i. Strong financial positions
Slide 11: Hung Hing Printing Group Ltd. 2021 Results
Hung Hing Printing Group Ltd. 2021 Results 鴻興印刷集團2021年度業績 Proposed final dividend 4 cents plus special dividend 5 cents, 2021 full year total dividends 13 cents (same as 2020) 建议派发末期股息4仙及特別股息5仙，维持全年擬派(普通+特別)總股息13仙 (跟去年相同) (Unit: HK$ million / 單位: 港 幣 百 萬 元 ) Year 2021 Year 2020 • Group revenue incre
Slide 12: Appendices
Appendices ©2022 Hung Hing Printing Group Ltd.
Slide 13: Our Business Units
Our Business Units Book & Packaging Consumer Product Printing Packaging REVENUE BY BUSINESS UNIT (BBP) (CPP) 2021 Leader globally 66% Top 5 in China 15% Key products: Key facilities: Key products: Key facilities: • Children’s • Shenzhen • Personal • Zhongshan CPP books care • Wuxi 15% • Heshan produ
Slide 14: Our Production Facilities
Our Production Facilities ZHONGSHAN W U X I S H U N D E Commissioned 1993 Commissioned 2003 Acquired 2018 Printing and manufacturing Printing and manufacturing Printing and manufacturing of folding cartons, litho lam, of folding cartons, litho lam of folding cartons, litho lam corrugated containers
Slide 15: Our Global Presence
Our Global Presence Production Plants Sales Offices in Chinese Mainland Scandinavia Benelux United Kingdom Wuxi Germany Shunde Hesha n Zhongshan Shenzhen France USA Hong Kong Headquarters South America Vietnam Production Plant ©2022 Hung Hing Printing Group Ltd. | confidential
Slide 16: Our Subsidiary Companies
Our Subsidiary Companies ©2022 Hung Hing Printing Group Ltd. | confidential
Slide 17: We care about the environment
We care about the environment In year 2021, we consumed over PEFC FSC 62,000 Tons FSC and PEFC Programme for the Endorsement of Forest Forest Stewardship Council - Chain of certified paper. High recycle content and Certification Schemes - Chain of Custody Custody to ensure paper originates certified
Slide 18: We care about people
We care about people ICTI-Care International Council of Toy Industries– Ethical Toy Program, an ethical standard adopted by toy industries worldwide We care about our employees, Happy Company customers and community , our factories have We participated in Happy Company program to accredited differen
Slide 19: We care about our products
We care about our products GSV GMI Global Security Verification, Graphic Measures International Ltd, an approach a supply chain security practice standard that meets adopted by some large retailing companies to Our raw materials and monitor and measure the quality performance of requirement for expo
Slide 20: Hung Hing
Hung Hing From a small printing shop to the world’s leading printed products & solutions provider ©2022 Hung Hing Printing Group Ltd. | confidential
Slide 21: Disclaimer
Disclaimer The presentation is prepared by Hung Hing Printing Group Limited (the “Company”) and is solely for the purpose of corporate communication and general reference only. The presentation is not intended as an offer to sell, or to solicit an offer to buy or to form any basis of investment deci
Slide 22: Thank you.
Thank you. ©2022 Hung Hing Printing Group Ltd. I p. 22