$SFHG

SAMFINE CREATION HOLDINGS GROUP Ltd

CIK:0001926792|SEC Filings

Consolidated Statements of Operations and Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2025 HKD ($) $ / shares shares	Dec. 31, 2025 USD ($) $ / shares shares	Dec. 31, 2024 HKD ($) $ / shares shares	Dec. 31, 2023 HKD ($) $ / shares shares
REVENUE
COST OF REVENUE	$ (134,741,409)	$ (17,311,604)	$ (118,166,134)	$ (85,905,732)
Gross profit	35,049,668	4,503,189	35,326,931	31,359,864
OPERATING EXPENSES
Selling and marketing	(17,799,754)	(2,286,916)	(13,937,275)	(7,817,266)
General and administrative	(38,847,212)	(4,991,098)	(23,700,001)	(25,490,535)
Total operating expenses	(56,646,966)	(7,278,014)	(37,637,276)	(33,307,801)
LOSS FROM OPERATION	(21,597,298)	(2,774,825)	(2,310,345)	(1,947,937)
OTHER INCOME (EXPENSES)
Interest income	83,512	10,730	135,474	123,894
Interest expense	(1,299,945)	(167,017)	(1,253,563)	(1,470,798)
Other income	581,517	74,713	876,653	630,546
Other gains (losses), net	2,685,141	344,987	817,876	(1,617,052)
Total other (expenses) income, net	2,050,225	263,413	576,440	(2,333,410)
LOSS BEFORE INCOME TAX EXPENSES	(19,547,073)	(2,511,412)	(1,733,905)	(4,281,347)
INCOME TAX BENEFITS (EXPENSES)	(268,349)	(34,478)	(926,503)	894,479
NET LOSS	(19,815,422)	(2,545,890)	(2,660,408)	(3,386,868)
FOREIGN CURRENCY TRANSLATION ADJUSTMENT	(615,663)	(79,101)	(1,605,741)	1,185,094
TOTAL COMPREHENSIVE LOSS	$ (20,431,085)	$ (2,624,991)	$ (4,266,149)	$ (2,201,774)
Weighted average number of ordinary shares:
Weighted average number of ordinary shares, Basic (in Shares)	20,300,000	20,300,000	18,478,962	18,000,000
Weighted average number of ordinary shares, Diluted (in Shares)	20,300,000	20,300,000	18,478,962	18,000,000
LOSS PER ORDINARY SHARE:
LOSS PER ORDINARY SHARE, BASIC (in Dollars per share and Dollars per share) \| (per share)	$ (0.98)	$ (0.13)	$ (0.14)	$ (0.19)
LOSS PER ORDINARY SHARE, DILUTED (in Dollars per share and Dollars per share) \| (per share)	$ (0.98)	$ (0.13)	$ (0.14)	$ (0.19)
Third parties
REVENUE
REVENUE	$ 168,737,530	$ 21,679,433	$ 152,854,430	$ 117,265,596
Related parties
REVENUE
REVENUE	$ 1,053,547	$ 135,360	$ 638,635

Consolidated Statements of Cash Flows	12 Months Ended
Consolidated Statements of Cash Flows	Dec. 31, 2025 HKD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 HKD ($)	Dec. 31, 2023 HKD ($)
Cash flows from operating activities
Net loss	$ (19,815,422)	$ (2,545,890)	$ (2,660,408)	$ (3,386,868)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities
Depreciation of plant and equipment	2,965,889	381,058	2,811,095	3,095,572
Amortization of intangible assets	148,099	19,028	124,202	82,181
Allowance for (reversal of allowance for) expected credit losses, net	105,834	13,598	(321,976)	4,917,798
Loss (gain) on disposal of plant and equipment	(1,858,934)	(238,836)	189,087	67,423
Impairment of obsolete inventories			20,716	267,847
Deferred tax assets	374,983	48,178	769,568	(908,713)
Deferred tax liabilities	(150,400)	(19,323)	156,926
Changes in operating assets and liabilities
Accounts receivable	(5,625,541)	(722,771)	8,255,499	(16,962,546)
Prepayments	12,144,092	1,560,275	(30,621,692)	(1,028,294)
Inventories	(1,092,012)	(140,302)	(3,484,566)	(2,855,446)
Prepaid income tax	(277,570)	(35,662)	8,003	(8,003)
Accounts and bills payables	(1,669,481)	(214,495)	7,275,998	6,346,612
Accruals and other payables	(6,313,573)	(811,169)	5,555,074	3,406,899
Income tax payable			(10,095)	10,095
Net cash used in operating activities	(21,064,036)	(2,706,311)	(11,932,569)	(6,955,443)
Cash flows from investing activities
Purchase of plant and equipment and intangible assets	(7,185,164)	(923,151)	(10,629,556)	(1,738,252)
Prepayment for acquisition of plant and equipment	(4,032,965)	(518,156)	(23,599)	(1,357,434)
Investment in life insurance contract				(1,564,333)
Proceeds from disposal of plant and equipment	2,499,476	321,133	208,862	1,310,901
Net cash used in investing activities	(8,718,653)	(1,120,174)	(10,444,293)	(3,349,118)
Cash flows from financing activities
Net proceeds from issue of ordinary shares			63,945,093
Proceeds from banks and other borrowings	36,267,853	4,659,701	16,087,571	8,989,445
Repayment of banks and other borrowings	(19,325,453)	(2,482,937)	(18,981,993)	(11,872,983)
Repayment of finance lease liabilities			(145,240)	(652,762)
Repayment to related party	(146,185)	(18,782)	(1,786,008)
Repayment from related party			2,086,415	848,687
Advances to related party				(60,561)
Advances from related parties				1,992,720
Deferred offering costs			(3,343,192)	(1,739,608)
Net cash (used in) generated from financing activities	16,796,215	2,157,980	57,862,646	(2,495,062)
Net (decrease) increase in cash and cash equivalents	(12,986,474)	(1,668,505)	35,485,784	(12,799,623)
Cash and cash equivalents at the beginning of the year	44,637,131	5,734,988	17,349,390	25,439,867
Restricted cash at the beginning of the year	14,545,723	1,868,838	6,347,680	11,056,826
Cash and cash equivalents and restricted cash at the beginning of the year	59,182,854	7,603,826	23,697,070	36,496,693
Cash and cash equivalents at the end of the year	31,172,798	4,005,088	44,637,131	17,349,390
Restricted cash at the end of the year	15,023,582	1,930,233	14,545,723	6,347,680
Cash and cash equivalents and restricted cash at the end of the year	49,196,380	5,935,321	59,182,854	23,697,070
Supplementary cash flow information
Interest received	83,512	10,730	135,474	123,894
Interest paid	(1,299,945)	(167,017)	(1,253,563)	(1,470,798)
Income tax paid	(277,570)	(35,662)	(2,101)	(8,003)
Initial recognition of lease obligations related to right-of-us assets	22,448,283	2,884,160	7,985,300
Prepaid offering costs net off with additional paid-in capital			7,444,232
Early termination of operating lease right-of-use assets			$ 1,404,919

Consolidated Balance Sheets	Dec. 31, 2025 HKD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 HKD ($)
CURRENT ASSETS
Cash and cash equivalents	$ 31,172,798	$ 4,005,088	$ 44,637,131
Restricted cash	15,023,582	1,930,233	14,545,723
Accounts receivable, net Third parties	28,739,851	3,692,502	23,167,061
Accounts receivable, net Related party	516,920	66,414	570,149
Prepayments and other current assets, net	13,517,496	1,736,731	21,274,088
Investment in life insurance contract, net			1,555,526
Inventories, net	12,849,149	1,650,861	11,757,137
Prepaid income tax	277,570	35,662
Total current assets	102,097,366	13,117,491	117,506,815
NON-CURRENT ASSETS
Plant and equipment, net	26,984,809	3,467,014	22,700,784
Intangible assets, net	650,700	83,602	674,777
Investment in life insurance contract, net	1,559,502	200,365
Prepayments	9,804,167	1,259,641	14,191,667
Prepayment for acquisition of plant and equipment	4,056,564	521,188	23,599
Operating lease right-of-use assets, net	25,679,797	3,299,346	6,960,066
Deferred tax assets	1,495,836	192,185	1,870,819
Total non-current assets	70,231,375	9,023,341	46,421,712
Total assets	172,328,741	22,140,832	163,928,527
CURRENT LIABILITIES
Accounts and bills payables	53,960,626	6,932,872	54,392,905
Accruals and other payables	6,444,731	828,020	12,758,304
Banks and other borrowings	23,549,661	3,025,665	13,402,782
Operating lease liabilities	5,113,112	656,934	2,270,289
Total current liabilities	89,168,130	11,456,339	83,070,465
NON-CURRENT LIABILITIES
Banks and other borrowings	10,783,889	1,385,516	3,776,763
Deferred tax liabilities	6,526	838	156,926
Operating lease liabilities	20,566,685	2,642,412	4,689,777
Total non-current liabilities	31,357,100	4,028,766	8,623,466
Total liabilities	120,525,230	15,485,105	91,693,931
COMMITMENTS AND CONTINGENCIES (Note 22)
SHAREHOLDERS’ EQUITY
Ordinary shares, value			9,889
Additional paid-in capital	68,647,780	8,819,881	68,647,780
Statutory reserve	278,740	35,813	278,740
Accumulated other comprehensive income	2,244,558	288,383	2,860,221
Retained earnings (accumulated losses)	(19,377,456)	(2,489,620)	437,966
Total shareholders’ equity	51,803,511	6,655,727	72,234,596
Total liabilities and shareholders’ equity	172,328,741	22,140,832	163,928,527
Class A Ordinary Shares
SHAREHOLDERS’ EQUITY
Ordinary shares, value	5,505	707
Class B Ordinary Shares
SHAREHOLDERS’ EQUITY
Ordinary shares, value	4,384	563
Related parties
CURRENT LIABILITIES
Due to related parties	$ 100,000	$ 12,848	$ 246,185