Income Tax Benefits (Expense) (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Income Tax Benefits (Expense) [Abstract] |
|
| Schedule of Provision for Income Taxes |
Significant components of the provision for income
taxes are as follows:
| | |
Years ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
HK$ | | |
HK$ | | |
HK$ | | |
US$ | |
| Current: | |
| | |
| | |
| | |
| |
| Hong Kong | |
| — | | |
| — | | |
| — | | |
| — | |
| PRC | |
| 14,234 | | |
| 9 | | |
| 43,766 | | |
| 5,623 | |
| | |
| 14,234 | | |
| 9 | | |
| 43,766 | | |
| 5,623 | |
| Deferred: | |
| | | |
| | | |
| | | |
| | |
| Hong Kong | |
| (908,713 | ) | |
| 907,664 | | |
| (9,712 | ) | |
| (1,248 | ) |
| PRC | |
| — | | |
| 18,830 | | |
| 234,295 | | |
| 30,103 | |
| | |
| (908,713 | ) | |
| 926,494 | | |
| 224,583 | | |
| 28,855 | |
| Income tax (benefits) expense | |
| (894,479 | ) | |
| 926,503 | | |
| 268,349 | | |
| 34,478 | |
|
| Schedule of HK Statutory Rates |
The following table reconciles HK statutory rates
to our effective tax rate:
| | |
Years ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| Income tax rate in the Cayman Islands | |
| 0.0 | % | |
| 0.0 | % | |
| 0.0 | % |
| Income tax rate in the BVI | |
| 0.0 | % | |
| 0.0 | % | |
| 0.0 | % |
| Hong Kong statutory income tax rate | |
| 16.5 | % | |
| 16.5 | % | |
| 16.5 | % |
| Tax effect of different tax rate for operation in the PRC | |
| (0.5 | )% | |
| (0.7 | )% | |
| 0.1 | % |
| Effect of super deduction for research and development in the PRC | |
| 5.5 | % | |
| 0.0 | % | |
| 0.0 | % |
| Temporary difference not recognized | |
| (0.7 | )% | |
| 0.0 | % | |
| 0.0 | % |
| Income not taxable | |
| 0.3 | % | |
| 0.6 | % | |
| 0.0 | % |
| Non-deductible expenses | |
| (0.2 | )% | |
| (2.1 | )% | |
| (0.2 | )% |
| Tax effect of tax losses* | |
| 0.0 | | |
| (49.5 | )% | |
| (17.3 | )% |
| Effect of changes in valuation allowance | |
| 0.0 | | |
| (18.2 | )% | |
| (0.5 | )% |
| Effective tax rate | |
| 20.9 | % | |
| (53.4 | )% | |
| 1.4 | % |
| * | The tax losses not recognized represented by the tax loss position under Samfine Creation Holdings Group which is incorporated in Cayman Islands which is not subject to any income tax. |
|
| Schedule of Components of Deferred Tax Liabilities |
Significant components of deferred tax liabilities
were as follows:
| Accelerated depreciation | |
HK$ | |
| As of December 31, 2024 | |
| 156,926 | |
| Charged to consolidated statements of operations and comprehensive
income (loss) during the year | |
| (150,400 | ) |
| As of December 31, 2025 | |
| 6,526 | |
| As of December 31, 2025 (US$) | |
| 838 | |
|
| Schedule of Components of Deferred Tax Assets |
Significant components of deferred tax assets
were as follows:
| | |
Net
operating
losses | | |
Allowance for
expected credit
losses | | |
Total | |
| | |
HK$ | | |
HK$ | | |
HK$ | |
| As of December 31, 2023 | |
| 2,413,898 | | |
| 226,489 | | |
| 2,640,387 | |
| Recognized | |
| 315,355 | | |
| — | | |
| 315,355 | |
| Utilized during the year | |
| (624,001 | ) | |
| (145,567 | ) | |
| (769,568 | ) |
| Less: valuation allowance | |
| (315,355 | ) | |
| — | | |
| (315,355 | ) |
| As of December 31, 2024 | |
| 1,789,897 | | |
| 80,922 | | |
| 1,870,819 | |
| Recognized | |
| 107,292 | | |
| 17,604 | | |
| 124,896 | |
| Utilized during the year | |
| (392,587 | ) | |
| — | | |
| (392,587 | ) |
| Less: valuation allowance | |
| (107,292 | ) | |
| — | | |
| (107,292 | ) |
| As of December 31, 2025 | |
| 1,397,310 | | |
| 98,526 | | |
| 1,495,836 | |
| As of December 31, 2025 (US$) | |
| 179,527 | | |
| 12,658 | | |
| 192,185 | |
|