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hunghingprinting.com

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1

About Hung Hing Printing Group

Hung Hing Printing Group (HKSE: 450) is a printing and packaging company.

Hung Hing Printing Group Headquarter Location

Hung Hing Printing Center, 17-19 Dai Hei St Tai Po Industrial Estate

Hong Kong

852 2664 8682

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Latest Hung Hing Printing Group News

Hung Hing Printing Group reports 44.4% increase in profit attributable to equity shareholders of the Company to HK$109.4 million

Mar 24, 2021

HONG KONG, March 24, 2021 /PRNewswire/ — Hung Hing Printing Group Limited (HKSE: 450) (the Group), one of the largest printers in Asia, today announced its full-year results for the financial year ended 31 December 2020, reporting a 44.4% increase in profit attributable to equity shareholders of the Company to HK$109.4 million. Group revenues decreased 17.2% to HK$2,554 million. Profitability was attributable to factors including the first-phase recognition of one-off gains from the surrender of the land of the Group’s Wuxi factory to the local government, favourable returns from effective currency hedging strategies that enabled the Group to take advantage of favourable RMB exchange rates, and capitalising government initiatives, including pandemic-related support programmes, to enable appropriate investment during challenging times. Hung Hing operates a generous dividend policy that aims to maximise shareholder returns. Our approach combines progressive increment in dividend, and with the distribution of special dividends that take into account projected cash-flow and profit retention requirements for future development. In 2020, in view of our strong cash position, and aligned with this policy, the Board of Directors has recommended a final dividend of HK10 cents per share, including a special dividend of HK6 cents per share. 2020 marks the fourth consecutive year that we have distributed a special dividend. Including the interim dividend of HK3 cents per share, total dividend for the year stands at HK13 cents per share (2019: HK10 cents per share), an increase of over 30% from 2019. Earnings per share stood at HK12.1 cents. Mr. Matthew C.M. Yum, Executive Chairman of Hung Hing Printing Group Limited, said, “During the year, we continued with product innovation and diversification of our order portfolios for value enhancement, implemented prudent inventory strategies, and increased efficiencies through automation and enhanced workflow design. This allowed us to partially offset the dampening impact of the global COVID-19 pandemic as well as US-China trade tensions.” “Our diversified operations and strong cash position of HK$1,238 million will allow us to provide attractive returns to shareholders, while making investments for the future, paving the way to realise the full potential of our business and asset value.” Mr. Yum said. Hung Hing Printing Group Limited (HKSE: 450) Hung Hing was founded by the Company’s former Honorary Chairman Mr. Yam Cheong Hung in 1950. 2020 marks the Company 70th anniversary. Over these many decades, Hung Hing has developed into one of the largest printers in Asia, with significant operations in book and package printing, consumer product packaging production, corrugated box manufacturing, paper trading, and design innovation in these areas. The Group has manufacturing facilities at seven locations across Asia, including Hong Kong, MainlandChina (Shenzhen, Zhongshan, Heshan and Foshan in the Guangdong province and Wuxi, near Shanghai) and Hanoi, Vietnam. With a firm commitment to provide value-added services that are indispensable for customers’ success, the Company harnesses the latest in technology and ideas to create print solutions through sustainable operating practice, and services local and multinational corporations from around the world. The Company has a workforce of approximately 6,600 employees. It has been listed on The Hong Kong Stock Exchange since 1992. SOURCE Hung Hing Printing Group Limited FELTON, Calif., March 24, 2021 /PRNewswire/ — The global Online Food Delivery Services Market is estimated to reach USD 63,551.77 million, by 2025, and is projected to grow at a CAGR of 15.4% from 2019 to 2025, according to a new report by Million Insights. What are Key Factors Driving the Online Food Delivery Services Market? The increasing consumer inclination towards buying from online platforms, mobile applications, and websites is driving the market growth. Moreover, rising penetration of the internet and growing number of smartphone users is expected to propel the demand for online food services. Online food providers offer cashback benefits, rewards, discounts, and doorstep delivery options to gain traction among consumers. In addition, increasing income levels across the developing countries are changing consumer preference which is expected to boost the market growth in the coming few years. Smartphone users are buying fast food through mobile applications owing to ease of access. The younger adults are preferring doorstep food delivery options while ordering food. Thus, the growing internet network and digital media are influencing the consumer to buy food from online service providers. Companies in the online food delivery service market are engaging in improving consumer experiences and logistic capabilities. In addition, rising investment and funding in the company business is also surging growth of industry. For example, in 2019, Zomato has received funding of around USD 62.2 million from Naspers Limited, Chunwei Capital, Delivery Hero, and others. Please click here to get the sample pdf and find more details on “Online Food Delivery Service Market” Report 2025. For instance, in 2019, Martin Keane and Andrew Flynn has introduced plants with self-watering ability. This helps in reducing carbon footprints and avoids wastage of the water. These pots are produced from fully recycled polypropylene. Additionally, the plastic regulations are positively impacting the growth of the product in the market. Key manufacturers in the market focus on reducing operational costs through optimized delivery. The usage of drones, parachutes, and robots for food delivery is gaining in popularity. All these technological developments are anticipated to bolster the demand for online food services. Further key findings from the report suggest: Platform-to-consumer services segment is projected to propel at the CAGR of over 15.0% from 2019 to 2025. In 2018, restaurant-to-consumer service type held the market share exceeding 40.0% in the global online food delivery services market. Based on the channel type, mobile applications are estimated to grow at significant rate over the forecasted period. Online segment is projected to exceed at a CAGR of around 13.0% during the forecasted period, due to the growing trend of digitalization. Asia Pacific market is anticipated to grow significantly owing to increasing smartphone users, and income levels of consumers. Browse 80 page research report with TOC on “Global Online Food Delivery Services Market” at: https://www.millioninsights.com/industry-reports/global-online-food-delivery-services-market Million Insights has segmented the online food delivery services market based on type, channel type, payment method, and region: Online Food Delivery Services Type Outlook (Revenue, USD Million, 2014 – 2025) Restaurant-to-Consumer Read the Latest Press Releases by Million Insights: Electronic Home Locks Market– The global electronic home locks market is estimated to reach USD 952.4 million by 2025, and is projected to grow at a CAGR of 16.1% from 2019 to 2025. The increase in the demand for advance security systems and rising trend of connected homes are the key factors propelling the market growth. Sports Supplement Market– The global sports supplement market size is projected to reach USD 43.3 billion, by 2025. The market is expected to grow with a CAGR of 11.2% during the forecast period. Rising demand for dietary source and protein bars is expected to drive the market during the forecast period, 2019 to 2025 along with an increase in fitness clubs, gyms and distributions channels, particularly in emerging countries. Capsule Coffee Machine Market– The global capsule coffee machine market size is projected to touch USD 1.78 billion by 2025. It is estimated to ascend with a CAGR of 4.8% over the estimated period, 2019 to 2025. The growing use of single-serve coffee in western nations such as Germany, the U.K., Switzerland and the U.S is driving the market growth. Anti-Fatigue Cosmetics Market– The global anti-fatigue cosmetics market size is expected to register revenue of USD 18.9 Million by the end of 2025. It is expected to grow with a CAGR of 4.5% from 2019 to 2025. This growth can be attributed to increasing skin related diseases owing to work life imbalance, unhealthy eating habits and stressful lifestyle. About Million Insights: Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive. Contact: TORONTO, March 24, 2021 /CNW Telbec/ – MOBIA, a Canadian Business Technology Integrator, announces Jessie Flynn as the newest addition to the sales team in Ontario. She will work with enterprise and commercials organizations in Canada, supporting their technology and digital transformation initiatives. Flynn brings more than a decade of sales and consulting experience in the IT and services industry, most recently as a National Cloud and Services Specialist at Avaya. She has acquired a deep understanding in Enterprise Cloud Solutions, IT Managed Services and Digital Transformation Projects. Flynn focuses on consulting with clients to adopt innovative technologies and processes to drive business outcomes. “Joining MOBIA is the perfect fit for me – MOBIA has everything I’m looking for to deliver on my client’s business needs,” said Flynn. “I look forward to using my skills, experience and creativity in complex solutions where technology, time and commercial considerations are at play to help propel businesses into their next phase of digital growth.” MOBIA’s reputation with partners and existing clients played a large role in Flynn’s decision, but it was meeting the MOBIA team that sealed the deal. “I cannot put into words how warm and welcoming every person I have met at MOBIA is – each of them have made me feel so comfortable,” remarked Flynn. “It is unmistakable that they share the same energy and positive vibe with their clients – it’s their secret sauce – and I’m excited to now be part of it.” Flynn’s passion for mentoring new grads, particularly women, interested in or entering the field of technology is one example of how her personal approach aligns directly with MOBIA. “We are thrilled to have Jessie join the Ontario team,” said Andrew Gnoinski, Director of Sales in Ontario. “Jessie brings  creativity and tenacity to the MOBIA team and with her unique perspective she will support our initiatives and engagements across Canada.” ABOUT MOBIA MOBIA is a Canadian Business Systems integrator leveraging technology to optimize business transformations in the pillars of people, process, culture and technology. www.mobia.io SOURCE MOBIA Technology Innovations Inc. SAN FRANCISCO, March 24, 2021 /PRNewswire/ — The global genomics market size is expected to reach USD 62.9 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 15.35% from 2021 to 2028. A rise in the demand for the solutions to catalog vast genomic information into a usable form and to utilize it in clinical workflows is expected to drive the market. This has also led to an increase in the market competition, coupled with the development of breakthrough genomic technologies by Veritas Genetics, 23andMe, and other key players. In August 2020, Ancestry launched a new next-generation sequencing-based tool to screen genes linked to blood disorders, colon cancer, heart diseases, and breast cancer. This product, developed by Quest Diagnostics, has a better DNA analysis efficiency when compared to microarray-based testing. Key suggestions from the report: In the products segment, the consumables and reagents segment is expected to register the fastest CAGR over the forecast period owing to the high volume requirement for reagents and consumables for genomic analysis In the services segment, NGS-based services dominated the market in 2020. The use of NGS-based services for the analysis of the SARS-CoV-2 genome drives the segment. The COVID-19 Genomics UK (COG-UK) Consortium delivers rapid and large-scale whole-genome sequencing of SARS-CoV-2 By application and technology, functional genomics led the market in 2020 due to the development of high-throughput technologies for the gene as well as protein studies. The generation of a large amount of sequencing data has led to significant developments in the segment Based on end use, pharmaceutical and biotechnology companies dominated the market in 2020. Pharmaceutical and biotechnology companies like Menlo Park; Grail, Inc.; and Regeneron Pharmaceutical, Inc. have initiated large-scale genomic sequencing projects in collaboration with both community health systems and academic medical centers Asia Pacific is expected to register the fastest growth rate from 2021 to 2028 owing to an increase in adoption and awareness about a number of genomics technologies in emerging countries, such as China and India, for the detection, treatment, and prognosis of various genetic disorders, such as diabetes and cancer Read 224 page research report with ToC on “Genomics Market Size, Share & Trends Analysis Report By Application & Technology (Functional Genomics, Pathway Analysis), By Deliverable (Products, Services), By End-use, By Region, And Segment Forecasts, 2021 – 2028” at:https://www.grandviewresearch.com/industry-analysis/genomics-market Technological advancements in genetic technologies that include CGH, FISH, microarray, karyotyping, sequencing, and gene-editing tools have played a pivotal role in reshaping the healthcare systems and basic biomedical research. Furthermore, despite several ethical and legal issues, Direct-To-Consumer solutions are one of the most important innovations in the market for genomics as they help patients to perform genetic tests on their own. The cost of reagents used in genomics has witnessed a continuous decline, which has led to an increase in adoption among small and mid-sized laboratories. However, with the introduction of novel technology and systems, the requirement for reagents is also changing. The market has witnessed multiple product launches in 2020 owing to a rise in competition for the development of genomic testing solutions for COVID-19. For instance, in December 2020, ThermoFisher launched Applied Biosystems TaqCheck SARS-CoV-2 Fast PCR Assay—a new saliva-based PCR test for the detection of COVID-19 infection. Similarly, in June 2020, Cepheid announced the development of the Xpert Xpress SARS-CoV-2/Flu/RSV four-in-one test, which can detect these four pathogens from a single sample. This test can be run on Cepheid’s GeneXpert Systems. Grand View Research has segmented the global genomics market on the basis of application and technology, deliverable, end-use, and region: Genomics Application & Technology Outlook (Revenue, USD Million, 2017 – 2028) Functional Genomics Find more research reports on Biotechnology Industry, by Grand View Research: Biotechnology Market – The global biotechnology market size was valued at USD 752.88 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 15.83% from 2021 to 2028. Genomics In Cancer Care Market – Increasing prevalence of cancer coupled with adoption of next generation sequencing for the diagnosis & treatment is expected to fuel the market with future growth opportunities. Consumer Genomics Market – The global consumer genomics market size was estimated at USD 1.26 billion in 2018 and is projected to expand at a CAGR of 20.3% from 2019 to 2025. Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: NEW YORK, March 24, 2021 /PRNewswire/ — Restaurant chains that choose to manage their own deliveries can increase their profitability by as much as 30% per food order – which could be the difference between remaining a viable business and going bust. VROMO, a fast-growing software provider dedicated to restaurant food delivery, is seeing a sharp divide in profitability levels between restaurants that manage their own deliveries and those that rely on marketplace apps such as Uber Eats. CEO Alan Hickey recognizes and applauds the success of the likes of Just Eat for transforming the food-ordering and delivery sector – never more so than during the last 12 months of the pandemic, where food establishments have had to pivot to delivery only in order to keep trading. But he says that restaurants are paying a high price, and this may not be sustainable in the medium or long term. “There’s no doubt that marketplace apps have given consumers greater choice in the way they can order takeaway food – and consumers have responded enthusiastically because they like the convenience of ordering their favourite food on their smartphones and getting it delivered right to their doors,” said Mr Hickey. “While this suits some business models, such as established fast-food chains, smaller restaurant chains are paying a heavy price because the cost of being listed on marketplace apps is eating into their ability to be profitable. Typically, this can be 30% of the cost of an order.” Mr Hickey said that VROMO is a ‘best of both worlds’ solution. First and foremost, the software allows restaurants to manage their own deliveries, but the company is also working with a handful of marketplace apps to provide overflow delivery capacity when the restaurant delivery team is stretched during busy periods. He says that VROMO is beneficial in affording restaurants the opportunity to manage all of their deliveries while saving them almost half of the marketplace fee. “There are two demonstrable benefits to VROMO for restaurants. The first, as mentioned, is to retain more profitability on each food order. Restaurants should welcome the marketplace app orders at 15% commission, but paying an additional 15% for their delivery service is a very expensive alternative to using your own restaurant delivery team. “The second and more lucrative benefit is that restaurants retain ownership over their customer bases. In the case of marketplace apps, they own the customers because they are the ones that have made huge investments to acquire and retain users of their apps. Because the likes of Uber Eats own the customer base, they can then influence the user experience to maximize their profitability through incentives and premium listings – which, of course, the food establishment ultimately pays a high price for,” said Mr Hickey. “VROMO puts the control in the hands of restaurants themselves, as our software-as-a-service (SaaS) solution can be integrated into a restaurant’s point-of-sale system for convenience. “This enables the restaurant to track the live progress of its entire delivery fleet and make real-time decisions, as the system continuously sends location updates to the VROMO admin portal. And drivers can download the VROMO app to receive job offers, instructions and updates on the progress of jobs. “VROMO also enables restaurants to use the data to identify patterns such as the peak delivery times and frequencies of deliveries in geographic areas – which allows restaurants to plan the shift patterns of their drivers.” Mr Hickey said that VROMO isn’t just a tool to manage deliveries – it’s also a powerful marketing portal. “Restaurants can use the data to build strong brand loyalty with their customers through better, more-responsive communication,” he said. “They can offer promotions that increase the average order value, run retention promotions or incentivize more orders from specific areas.” Mr Hickey added: “The technology is available for restaurants to stop abdicating responsibility to marketplace apps – where they have little control and see their profit margins eroded. “Restaurants can now take back control and build their own delivery offerings as a solid part of their growth as they move forward in a post-Covid world.” View original content:https://www.prnewswire.com/news-releases/diy-delivery-can-drive-up-restaurant-profitability-by-30-according-to-vromo-report-301254037.html

Hung Hing Printing Group Investments

1 Investments

Hung Hing Printing Group has made 1 investments. Their latest investment was in kikki.K as part of their Corporate Minority on August 8, 2018.

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Hung Hing Printing Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/22/2018

Corporate Minority

kikki.K

Yes

1

Date

8/22/2018

Round

Corporate Minority

Company

kikki.K

Amount

New?

Yes

Co-Investors

Sources

1

Hung Hing Printing Group Portfolio Exits

1 Portfolio Exit

Hung Hing Printing Group has 1 portfolio exit. Their latest portfolio exit was kikki.K on August 03, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/3/2020

Acquired

3

Date

8/3/2020

Exit

Acquired

Companies

Valuation

Acquirer

Sources

3

Hung Hing Printing Group Team

1 Team Member

Hung Hing Printing Group has 1 team member, including current Chief Information Officer, Yee Yu.

Name

Work History

Title

Status

Yee Yu

IBM, and Turner

Chief Information Officer

Current

Name

Yee Yu

Work History

IBM, and Turner

Title

Chief Information Officer

Status

Current

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