Samfine Holdings Files Interim Financials

TL;DR

Samfine dropped its H1 2024 financials, check the 6-K for the deets.

AI Summary

Samfine Creation Holdings Group Limited filed a Form 6-K on December 20, 2024, reporting its Unaudited Interim Condensed Consolidated Financial Statements for the six months ended June 30, 2024. The filing also includes an earning release with additional information.

Why It Matters

This filing provides investors with an update on Samfine's financial performance for the first half of 2024, allowing them to assess the company's current health and future prospects.

Risk Assessment

Risk Level: low — This is a routine financial filing and does not contain significant new information that would immediately impact the company's risk profile.

Key Players & Entities

• SAMFINE CREATION HOLDINGS GROUP Ltd (company) — Registrant
• June 30, 2024 (date) — Reporting period end date
• December 20, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $0.0000625 — DERS’ EQUITY Ordinary shares: US$0.0000625 par value, 800,000,000 shares authorize
• $8,000,000 — received aggregate gross proceeds of US$8,000,000, prior to deducting underwriting discou
• $1,200,000 — ceived an additional gross proceed of US$1,200,000. As of June 30, 2024, the Company&rsqu
• $ — rrency of its Hong Kong subsidiary is HK$, and the functional currency of its PRC
• $1 — calculated at the noon buying rate of US$1 = HK$7.8083, as published in H.10 stati
• $7 — ted at the noon buying rate of US$1 = HK$7.8083, as published in H.10 statistical
• $7,444,232 — d June 30, 2024, the Company deferred HK$7,444,232 and HK$7,905,640 (US$1,012,466) of offe
• $7,905,640 — the Company deferred HK$7,444,232 and HK$7,905,640 (US$1,012,466) of offering costs, respe
• $1,012,466 — ferred HK$7,444,232 and HK$7,905,640 (US$1,012,466) of offering costs, respectively, which

Filing Documents

• ea0222412-6k_samfine.htm (6-K) — 468KB
• ea022241201ex99-1_samfine.htm (EX-99.1) — 70KB
• 0001213900-24-111161.txt ( ) — 539KB

Financial Statements and Exhibits

Financial Statements and Exhibits Set forth in this report are the registrant’s Unaudited Interim Condensed Consolidated Financial Statements and the related notes thereto, in each case as of and for the six months ended June 30, 2024. The earning release attached as Exhibit 99.1 includes additional information regarding the foregoing and is incorporated by reference. EXHIBIT INDEX Exhibit No. Description 99.1 Earning Release, dated as of December 20, 2024. 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SAMFINE CREATION HOLDINGS GROUP LIMITED By: /s/ Wing Wah Cheng, Wayne Name: Wing Wah Cheng, Wayne Title: Chairman of the Board, Executive Director and Chief Executive Officer Date: December 20, 2024 2 SAMFINE CREATION HOLDINGS GROUP LIMITED AND ITS SUBSIDIARIES INDEX TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS INDEX Page Unaudited Interim Condensed Consolidated Statements of Financial Position As of December 31, 2023 and June 30, 2024 F-2 Unaudited Interim Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the Six Months Ended June 30, 2023 and 2024 F-3 Unaudited Interim Condensed Consolidated Statements of Changes in Shareholders’ Equity for the Six Months Ended June 30, 2023 and 2024 F-4 Unaudited Interim Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2023 and 2024 F-5 Notes to Unaudited Interim Condensed Consolidated Financial Statements F-6 F-1 SAMFINE CREATION HOLDINGS GROUP LIMITED AND ITS SUBSIDIARIES UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF DECEMBER 31, 2023 AND JUNE 30, 2024 As of December 31, 2023 As of June 30, 2024 As of June 30, 2024 HK$ HK$ US$ (Audited) (Unaudited) (Unaudited) ASSETS CURRENT ASSETS Cash and cash equivalents 17,349,390 17,564,301 2,249,440 Restricted cash 6,347,680 7,852,453 1,005,655 Accounts receivable, net 31,670,733 47,182,229 6,042,574 Prepayments and other current assets, net 10,302,355 13,698,032 1,754,291 Investment in life insurance policy, net 1,564,333 1,565,203 200,454 Due from a related party 2,086,415 2,416,977 309,540 Inventories, net 8,293,287 10,464,922 1,340,231 Prepaid income tax 8

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 1. Organization and Business Background SAMFINE CREATION HOLDINGS GROUP LIMITED (“We,” “us,” “our,” “our Company,” the “Company,” or “SFHG”), through its wholly-owned subsidiaries, is engaged in commercial printing services in Hong Kong and the People’s Republic of China (the “PRC”). A group reorganization of the legal structure was completed in on January 13, 2022. As the Group were under same control of the shareholder and their entire equity interests were also ultimately held by the shareholder immediately prior to the group reorganization, the unaudited interim condensed consolidated statements of operations and comprehensive income (loss), consolidated statements of changes in shareholders’ equity and consolidated statements of cash flows are prepared as if the current group structure had been in existence throughout the six months ended June 30, 2023 and 2024. Initial Public Offering On October 16, 2024, the Company completed its IPO and listed its ordinary shares on the Nasdaq Capital Market under the symbol “SFHG”. With the IPO, the Company received aggregate gross proceeds of US$8,000,000, prior to deducting underwriting discounts and other offering expenses and a total of 2,000,000 ordinary shares were issued. On October 22, 2024, the representative of the underwriters of the IPO exercised its over-allotment option in full to purchase an additional 300,000 ordinary shares of the Company. As a result of which, the Company received an additional gross proceed of US$1,200,000. As of June 30, 2024, the Company’s subsidiaries are detailed in the table as follows: Name Background % of Ownership SFHG or the Company — Incorporated in Cayman Island — Incorporated on January 20, 2022 — holding company Parent New Achiever — Incorporated in BVI — Incorporated on January 13, 2022

View Full Filing

View this 6-K filing on SEC EDGAR