Sun Hing Printing Holdings Limited provides earnings guidance for the six months period ended 31 December 2023. For the period, the profit is expected to decrease by not less than 90% as compared with the profit recorded by the Group for the six months ended in last year, which was mainly attributable to factors including: Concerns over a global economic slowdown and widespread inflation have led to a conservative consumption behavior among customers, resulting in decreased spending on printing and promotional products and a subsequent fall in revenue. There has been a slight reduction in the cost of goods sold and administrative expenses.

However, this has been offset by enduring fixed production and operation costs, which have persisted irrespective of the magnitude of the revenue decline.