香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 佈 之 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 佈 全 部 或 任 何 部 份 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 截 至2025年3月31日 止 年 度 全 年 業 績 之 公 佈 Chuang's China Investments Limited（莊 士 中 國 投 資 有 限 公 司）（「本 公 司」）董 事 會（「董 事 會」）公 佈 本 公 司 及 其 附 屬 公 司（統 稱「本 集 團」）截 至2025年3月31日 止 年 度 之 綜 合 全 年 業 績 如 下： 截 至2025年3月31日 止 年 度 要 點 – 1 – • 本 公 司 權 益 持 有 人 應 佔 虧 損 為394,900,000港 元。 • 本 集 團 於 截 至2025年3月31日 錄 得 現 金 淨 額263,500,000港 元。本 集 團 現 ...

Group 1: Company Developments - Xidi Intelligent Driving submitted its prospectus for the second time to the Hong Kong Stock Exchange, aiming for a main board listing, focusing on autonomous driving products and solutions for commercial vehicles [1] - Shandong Molong announced that its shareholder, Zhimo Holdings, reduced its H-shares by 28.81 million shares, accounting for 3.61% of the total share capital, following a significant increase in H-share prices [2] - Lide Education's controlling shareholders pledged a total of 4.97 million shares to secure a loan of 350 million yuan, indicating a need for additional funding to support business development [3][4] - Insilico Medicine submitted its listing application to the Hong Kong Stock Exchange for the third time, showing a commitment to enter the capital market, with steady revenue growth and narrowing losses [5] - Zhuangshi China projected a loss of approximately 385 million to 425 million HKD for the fiscal year ending March 31, 2025, primarily due to fair value losses on investment properties [6][7] Group 2: Financial Performance - Xidi Intelligent Driving reported revenues of 31.06 million yuan, 133 million yuan, and 410 million yuan for 2022, 2023, and 2024, respectively, with losses of approximately 263 million yuan, 255 million yuan, and 581 million yuan [1] - Insilico Medicine's revenues were 30.15 million USD, 51.18 million USD, and 85.83 million USD for 2022, 2023, and 2024, with losses of 222 million USD, 212 million USD, and 17.1 million USD [5] - Zhuangshi China reported a loss of approximately 321 million HKD in the previous year, with the current projected losses indicating a worsening financial situation [6]

Financial Performance - The company reported a loss attributable to equity holders of HKD 176.2 million for the six months ended September 30, 2024, a decrease of approximately 15.7% compared to a loss of HKD 209 million in the same period last year[26]. - Total revenue decreased by 70.4% to approximately HKD 20.9 million, down from HKD 70.6 million in 2023, primarily due to the absence of property sales recorded in the previous year[21]. - The gross profit for the period was HKD 10.9 million, compared to a gross loss of HKD 47.3 million in 2023, resulting in a gross margin of 52.1%[25]. - Other income and net gains recorded approximately HKD 14.4 million, compared to a net loss of HKD 55.2 million in 2023[25]. - The operating loss for the six months was HKD 206,526,000, an improvement from a loss of HKD 226,208,000 in the previous year[76]. - The net loss attributable to equity holders for the period was HKD 176,184,000, compared to HKD 209,010,000 in the prior year, indicating a reduction in losses[76]. - Basic and diluted loss per share was HKD 7.51, an improvement from HKD 8.91 in the same period last year[76]. - Other comprehensive income for the period totaled HKD 72,657,000, a significant recovery from a loss of HKD 167,147,000 in the previous year[78]. - Total comprehensive loss for the period was HKD 104,673,000, down from HKD 376,621,000 in the prior year, indicating a 72.1% reduction in total losses[78]. Revenue Sources - Rental and management fee income was approximately HKD 10.3 million, an increase from HKD 9.9 million in 2023[21]. - Sales of cemetery assets generated revenue of HKD 10,255,000, an increase from HKD 9,060,000 in the previous year, indicating a growth of approximately 13.2%[108]. - Revenue from customer contracts for 2024 amounted to HKD 10,388,000, with additional income from other sources totaling HKD 9,529,000[113]. - The company generated HKD 11,235,000 in revenue from Malaysia, with total revenue from Hong Kong reaching HKD 3,295,000[120]. Assets and Liabilities - The company’s cash reserves totaled HKD 541 million, including HKD 22.3 million in bonds and securities investments, with bank borrowings amounting to HKD 253 million[20]. - Non-current assets decreased to HKD 1,955,881,000 from HKD 2,158,980,000, reflecting a decline of 9.4%[81]. - Current assets also decreased to HKD 2,218,365,000 from HKD 2,525,227,000, a reduction of 12.1%[82]. - The company’s total equity as of September 30, 2024, was HKD 3,324,283,000, down from HKD 3,428,956,000 at the end of March 2024[82]. - The company reported total assets as of September 30, 2024, were valued at HKD 2,389,736,000, with total liabilities amounting to HKD 518,657,000[113]. Investment Properties - The fair value loss on investment properties was HKD 154.2 million, primarily from properties in Anshan, Liaoning Province, China[25]. - The valuation of the property in Anshan, Liaoning has decreased to RMB 380,000,000 (approximately HKD 423,300,000) due to a sluggish economy and real estate market[31]. - The hotel and resort villas in Xiamen, Fujian, valued at RMB 383,200,000 (approximately HKD 426,000,000), generated an annual rental income of approximately RMB 18,500,000 (about HKD 20,600,000)[34]. - The commercial property in Dongguan has a valuation of RMB 34,200,000 (approximately HKD 38,100,000) and an annual rental income of about RMB 700,000 (approximately HKD 800,000)[38]. - The office building in Kuala Lumpur has a valuation of MYR 158,800,000 (approximately HKD 300,000,000) with an occupancy rate of 57% and annual rental income of MYR 5,400,000 (approximately HKD 10,200,000)[38]. Cash Flow and Financing - The group holds cash and bank balances of HKD 518,700,000, down from HKD 920,100,000 as of March 31, 2024, indicating a decrease of approximately 43.6%[57]. - The company reported net cash used in operating activities of HKD 45,695,000, an improvement from HKD 117,557,000 in the previous year[85]. - As of September 30, 2024, the group’s bank borrowings amounted to HKD 253,000,000, significantly reduced from HKD 652,300,000 as of March 31, 2024[57]. - Long-term bank borrowings increased to HKD 234,074,000 from HKD 157,788,000, indicating a rise of 48.3%[82]. Strategic Initiatives - The company decided not to declare an interim dividend for the six months ended September 30, 2024, maintaining a prudent cash position in the current uncertain business environment[29]. - The company is actively seeking opportunities to sell investment properties to strengthen cash reserves and financial position[39]. - The company plans to promote and lease remaining vacant units in various properties to increase rental income[35]. - The group anticipates a gradual recovery in the Hong Kong real estate market due to government measures and lower interest rates, while remaining cautious about the global economic outlook[61]. Employee and Governance - As of September 30, 2024, the company employed 79 staff members and provided various employee benefits, including discretionary bonuses and medical insurance[73]. - The company has established an audit committee to oversee financial reporting and risk management, ensuring compliance with the relevant regulations[70]. - Major shareholders include Profit Stability Investments Limited, holding 1,435,314,923 shares, representing a significant ownership stake[68].

Financial Performance - The company reported a loss attributable to equity holders of HKD 176,200,000 for the six months ended September 30, 2024[2]. - Revenue for the six months ended September 30, 2024, was HKD 20,940,000, a decrease from HKD 70,601,000 in the same period of 2023, representing a decline of approximately 70.3%[6]. - The gross profit for the period was HKD 10,915,000, compared to a gross loss of HKD 47,254,000 in the previous year[6]. - The operating loss for the period was HKD 206,526,000, slightly improved from a loss of HKD 226,208,000 in the prior year[6]. - The basic and diluted loss per share was HKD 0.0751, compared to HKD 0.0891 in the same period last year[6]. - Total comprehensive loss for the period amounted to HKD 104,673,000, down from HKD 376,621,000 in the previous year[13]. - The company reported a net loss of HKD 177,330 million for the period, with a substantial operating loss of HKD 206,526 million[36]. - The group reported a net loss of HKD 176,184,000 for the period, an improvement from a loss of HKD 209,010,000 in 2023[50]. - The company reported a loss attributable to equity holders of HKD 176,200,000, a reduction of approximately 15.7% from HKD 209,000,000 in 2023, with a loss per share of HKD 0.0751[67]. Cash and Liquidity - The group recorded a cash net amount of HKD 288,000,000, with total cash reserves of HKD 541,000,000, and bank borrowings of HKD 253,000,000[2]. - The company reported a net cash position of HKD 518,693,000 as of September 30, 2024, down from HKD 920,141,000 at the end of the previous fiscal year[17]. - Cash and bank balances amount to HKD 518,700,000, a decrease from HKD 920,100,000 as of March 31, 2024[96]. - The group has a net cash position of HKD 288,000,000 as of September 30, 2024, compared to HKD 286,500,000 as of March 31, 2024[96]. Assets and Liabilities - The company's total assets less current liabilities stood at HKD 3,868,721,000 as of September 30, 2024[17]. - As of September 30, 2024, total equity amounted to HKD 3,428,956,000, an increase from HKD 3,324,283,000[18]. - Non-current liabilities, including long-term bank loans and deferred tax liabilities, totaled HKD 489,762,000, compared to HKD 544,438,000 in the previous period[18]. - Total assets as of March 31, 2024, were HKD 4,694,987 million, with total liabilities at HKD 1,266,031 million, indicating a stable financial position[38]. - The group reported a net asset value attributable to equity holders of HKD 3,235,800,000, with a net asset value per share of HKD 1.38 as of September 30, 2024[95]. Revenue Breakdown - Total revenue for the period was HKD 20,940,000, a decrease from HKD 70,601,000 in the previous year[33]. - Rental income and management fees amounted to HKD 10,388,000, up from HKD 9,902,000 year-over-year, representing a growth of approximately 4.9%[33]. - Sales of cemetery assets reached HKD 10,255,000, compared to HKD 9,060,000 in the prior year, indicating an increase of about 13.2%[33]. - Revenue for Hong Kong in 2024 was HKD 3,295,000, down 44.8% from HKD 5,979,000 in 2023[40]. - Revenue from China increased to HKD 11,235,000 in 2024, up 12.4% from HKD 9,995,000 in 2023[40]. Impairments and Expenses - The company recognized a significant impairment loss of HKD 154,186 million on investment properties, impacting overall financial performance[36]. - Administrative expenses and other operating costs were approximately HKD 65,700,000, up from HKD 38,800,000 in 2023, with a significant impairment provision of HKD 35,700,000 recorded for a project in Anshan[65]. - The fair value loss on investment properties was HKD 154,200,000, compared to HKD 74,100,000 in 2023, primarily from properties in Anshan, Liaoning Province[64]. Investments and Future Plans - The company holds a portfolio of investment properties in Hong Kong, China, and Malaysia, providing stable and recurring rental income[69]. - The company plans to explore suitable opportunities to sell investment properties to strengthen cash reserves and financial position[80]. - The company is preparing to rent out several residential units in "Xian Gan" to generate rental income and improve utilization[81]. - The company has obtained comprehensive sales licenses for "Ju Fu Bao," allowing sales not only in China but also to overseas Chinese and residents in Hong Kong, Macau, and Taiwan[90]. Governance and Compliance - The company has complied with the listing rules and established an audit committee to oversee financial reporting and risk management[104]. - The board of directors includes four executive directors and three independent non-executive directors, ensuring a diverse governance structure[107].

Financial Performance - The group's revenue for the year ended March 31, 2024, was approximately HKD 110,500,000, a significant increase from HKD 63,000,000 in 2023[5] - The loss attributable to equity holders was HKD 320,700,000, compared to a loss of HKD 328,700,000 in 2023, with a loss per share of HKD 0.1367[9] - Cash reserves totaled HKD 938,800,000, including HKD 18,700,000 from bond and securities investments, while bank borrowings amounted to HKD 652,300,000[5] - Property sales for the year reached approximately HKD 49,700,000, a substantial increase from HKD 1,400,000 in 2023[6] - Rental and management fee income was approximately HKD 19,600,000, down from HKD 23,400,000 in 2023, primarily due to the sale of properties in Dongguan, China[6] - The group recorded a gross loss of HKD 97,100,000 due to impairment provisions for properties in Ap Lei Chau, compared to a gross loss of HKD 41,100,000 in 2023[7] - Selling and promotional expenses increased by approximately 97.7% to HKD 25,300,000, while administrative expenses remained stable at around HKD 82,700,000[8] - The fair value loss from investment properties was HKD 76,100,000, slightly improved from HKD 78,900,000 in 2023[7] - The board decided not to recommend a final dividend for the year ended March 31, 2024, maintaining a prudent cash position[10] Property Valuation and Development - The valuation of the group's property in Anshan, China, decreased to approximately RMB 541,700,000 (approximately HKD 584,000,000) as of March 31, 2024[18] - The hotel and resort villas in Xiamen have a total estimated value of RMB 383,200,000, with the hotel valued at RMB 171,200,000 and the 30 villas valued at RMB 212,000,000[22] - The annual rental income from the hotel and resort villas is approximately RMB 18,700,000, equivalent to about HKD 20,200,000[25] - The commercial property in Dongguan has an estimated value of RMB 36,300,000, with recorded rental income of approximately RMB 700,000 during the review period[29] - The valuation of the office building in Kuala Lumpur has decreased to MYR 158,800,000, with an average rental price of MYR 814 per square foot[31] - The property development project in Ap Lei Chau has a total floor area of approximately 40,000 square feet, with 4 units pre-sold generating total sales of approximately HKD 15,400,000[34] - The company has incurred an impairment provision of approximately HKD 154,800,000 for the property development project due to market downturn and high interest rates[34] - The company is seeking suitable opportunities to sell its investment properties to strengthen its financial position[32] - The company holds a 69% interest in a property development project in Changsha, with total historical investment costs of approximately HKD 23,300,000[42] - The group holds a 51% interest in a project in Chengdu, with a book cost of approximately RMB 126 million (about HKD 135.8 million), including a provision of HKD 7.9 million for slow progress on a court judgment[43] Employee and Management Information - The group employed 89 staff members as of March 31, 2024, and provides various benefits including discretionary bonuses and medical insurance[62] - The company emphasizes talent training and development to create a vibrant work atmosphere[62] - The board expressed gratitude to all employees for their dedication and contributions during the year[63] - The chairman, Chuang Ka Fung, has over 20 years of experience in property business and corporate management[71] - The vice-chairman, Li Mei Sin, has over 38 years of experience in finance, corporate finance, and management[71] - The managing director, Chuang Ka Fung, has over 14 years of experience in construction and interior design[72] - The executive director, Chuang Ka Gan, has accumulated 15 years of experience in finance and corporate management[72] - The company is committed to providing employee training programs as needed[62] Corporate Governance - The company is focused on maintaining high levels of corporate governance to protect and enhance shareholder interests[86] - The company has independent non-executive directors with extensive experience across various sectors, contributing to strategic decision-making[78] - The financial director has over 19 years of experience in finance, accounting, and auditing, ensuring sound financial management[81] - The company has implemented a new board diversity policy to promote a varied and inclusive leadership structure[87] - The company is committed to continuous improvement in corporate governance practices in line with the Hong Kong Stock Exchange's guidelines[86] - The board consists of 8 members, including the Chairman, Vice Chairman, and Managing Director, with a balanced composition reflecting diverse knowledge and experience relevant to the company's business[95] - The nomination committee has established a formal and transparent process for the appointment and removal of directors, ensuring that all newly appointed directors are elected at the first shareholder meeting following their appointment[98] - The company has adopted the standard code of conduct for securities trading by directors as per the listing rules, confirming compliance from all directors[105] Risk Management - The company has implemented a robust risk management process to identify, assess, and manage significant risks, including a risk register that is reviewed annually[118] - The risk management framework includes daily operational management, compliance oversight, and independent assurance to safeguard shareholder interests[116] - The company conducts continuous and regular risk monitoring to ensure the effectiveness of risk management strategies[119] - The board believes that the risk management and internal control systems are operating effectively and adequately[123] Environmental, Social, and Governance (ESG) Initiatives - Chuang's China Investments Limited focuses on property development, investment, hotel management, cemetery development, and securities trading[156] - The company emphasizes sustainable development as a key factor in its growth strategy, integrating environmental, social, and governance (ESG) considerations into its business operations[158] - The board of directors reviews and approves the company's ESG goals annually, ensuring effective risk management and internal control systems are in place[159] - The company is committed to green building development and green financing, with plans to obtain green building certifications for its projects[165] - Employee welfare and occupational health and safety are prioritized to attract and retain talent, ensuring a safe working environment[165] - The company actively engages stakeholders through various communication channels to understand their expectations and improve operations[161] - The company has implemented measures to optimize resource efficiency and address climate change, aiming to build sustainable cities and communities[165] - The company has established a robust corporate governance strategy to mitigate corruption risks and ensure compliance with anti-corruption laws[165] Community Engagement and Social Responsibility - The company donated approximately HKD 959,000 to various organizations, including HKD 423,000 to support the Hong Kong Customs Youth Development Program[198] - The company actively promotes volunteerism as part of its corporate culture to give back to the community[198] - The company has established a whistleblowing system for reporting misconduct, with cases reviewed by the audit committee[197] Environmental Impact and Sustainability Metrics - Nitrogen oxides emissions decreased to 13.70 kg in 2024 from 16.17 kg in 2023, representing a reduction of approximately 15.5%[200] - Total greenhouse gas emissions (Scope 1 and 2) reduced to 1,565 metric tons CO2 equivalent in 2024 from 1,614 metric tons in 2023, a decrease of about 3.0%[200] - Total energy consumption decreased to 2,315 MWh in 2024 from 3,043 MWh in 2023, a reduction of around 23.9%[200] - Total paper consumption decreased to 519 kg in 2024 from 673 kg in 2023, reflecting a decline of approximately 22.9%[200] - Total water consumption decreased to 44,614 cubic meters in 2024 from 49,290 cubic meters in 2023, a reduction of about 9.3%[200] - Total floor area per square meter greenhouse gas emissions improved to 11.54 kg CO2 equivalent/sqm in 2024 from 11.91 kg in 2023, showing an improvement of approximately 3.1%[200] - Total floor area per square meter total energy consumption remained stable at 0.02 MWh/sqm in both 2024 and 2023[200] - Sulfur oxides emissions slightly decreased to 0.26 kg in 2024 from 0.27 kg in 2023, a minor reduction of about 3.7%[200] - Particulate matter emissions decreased to 0.90 kg in 2024 from 0.96 kg in 2023, representing a reduction of approximately 6.3%[200]

Financial Performance - The company reported a loss attributable to equity holders of HKD 320,700,000 for the year ended March 31, 2024[4]. - Total revenue for the year was HKD 110,499,000, a significant increase from HKD 63,010,000 in the previous year, representing a growth of approximately 75%[5]. - The cost of sales increased to HKD 207,558,000 from HKD 104,111,000, leading to a gross loss of HKD 97,059,000 compared to a gross loss of HKD 41,101,000 in the prior year[5]. - The operating loss for the year was HKD 338,493,000, slightly higher than the previous year's loss of HKD 327,117,000[5]. - The company recorded a total comprehensive loss of HKD 476,030,000 for the year, compared to HKD 536,780,000 in the previous year[7]. - The company incurred finance costs of HKD 6,170,000, significantly lower than HKD 23,414,000 in the previous year[5]. - The net loss for the year 2024 was HKD (323,043,000), slightly improved from HKD (332,666,000) in 2023, reflecting a decrease in losses of about 2.9%[20]. - The company reported a net loss of HKD (57,329,000) in 2024, an improvement from HKD (65,822,000) in 2023, reflecting a reduction of about 12.7%[23]. Assets and Liabilities - The group's cash reserves totaled HKD 938,800,000, including HKD 18,700,000 in bond and securities investments, while bank borrowings amounted to HKD 652,300,000[4]. - Total assets decreased from HKD 4,616,443 thousand in 2023 to HKD 3,918,718 thousand in 2024, a decline of approximately 15.1%[10]. - Non-current assets decreased from HKD 2,378,190 thousand in 2023 to HKD 2,158,980 thousand in 2024, a decline of about 9.2%[9]. - Current assets decreased from HKD 3,001,217 thousand in 2023 to HKD 2,536,007 thousand in 2024, a decline of approximately 15.4%[9]. - Total liabilities decreased from HKD 762,964 thousand in 2023 to HKD 776,269 thousand in 2024, an increase of approximately 1.7%[10]. - Current liabilities increased slightly from HKD 244,015 thousand in 2023 to HKD 246,642 thousand in 2024, an increase of about 1.1%[9]. - Shareholders' equity decreased from HKD 3,904,986 thousand in 2023 to HKD 3,428,956 thousand in 2024, a decline of approximately 12.1%[10]. Revenue Breakdown - Revenue from sales operations amounted to HKD 49,723 thousand, while rental income was HKD 19,579 thousand, showing a decline from HKD 23,435 thousand in the previous year[17]. - Revenue from property development and investment in 2024 was HKD 69,302,000, a substantial increase from HKD 24,785,000 in 2023, representing a growth of approximately 179%[20]. - The revenue from the cemetery and administrative services segment in 2024 was HKD 18,307,000, compared to HKD 23,180,000 in 2023, showing a decline of approximately 21%[20]. - The sales revenue from cemetery assets in China decreased by 21.1% to approximately HKD 18.3 million, down from HKD 23.2 million in 2023, primarily due to a reduction in the number of graves sold[44]. Investments and Fair Value - The company holds a 61.15% stake in Profit Stability Investments Limited as of March 31, 2024[13]. - The company reported a decrease in investment properties from HKD 1,210,926 thousand in 2023 to HKD 1,062,744 thousand in 2024, a decline of about 12.2%[9]. - The fair value gain recognized in profit or loss was HKD 22,890 thousand, up from HKD 15,045 thousand, indicating a significant increase of approximately 52%[17]. - The fair value loss on investment properties in 2024 was HKD 76,084,000, compared to HKD 78,875,000 in 2023, indicating a slight improvement in losses of about 3.5%[20]. - The fair value loss from financial assets was HKD 167,200,000 in 2024, compared to HKD 117,400,000 in 2023, indicating an increase in losses of approximately 42.5%[23]. Operational Strategy and Future Outlook - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[3]. - The group continues to evaluate its business segments, including property development, investment, and cemetery operations, to optimize resource allocation[18]. - The company is seeking suitable opportunities to sell its investment properties to strengthen its financial position[56]. - The group maintains a cautious outlook on the global economic environment, particularly noting liquidity issues in China's real estate development sector[73]. - In Hong Kong, the group anticipates a gradual recovery in the real estate market due to government measures such as stamp duty relaxation and expected interest rate cuts[73]. Employee and Governance - As of March 31, 2024, the group employed 89 staff members and offers various employee benefits including discretionary bonuses and medical insurance[75]. - The audit committee has reviewed the financial reporting procedures and internal controls for the year ending March 31, 2024[77]. - The preliminary announcement of the group's performance for the year ending March 31, 2024, has been agreed upon by the auditors, confirming alignment with the financial report[79].

Financial Performance - Revenue for the period was approximately HKD 70,600,000, a significant increase from HKD 38,800,000 in 2022, reflecting a growth of 82%[4] - For the fiscal year ending September 30, 2023, the company reported revenue of HKD 70,601,000, a significant increase from HKD 38,808,000 in the previous year, representing an 81.9% growth[32] - Revenue from property sales for the six months ended September 30, 2023, was HKD 49,763,000, a significant increase from HKD 1,350,000 in the same period of 2022[76] - The group reported a revenue of HKD 70,601,000 for the six months ended September 30, 2023, compared to HKD 38,808,000 in the same period of 2022, representing an increase of approximately 82%[93] Losses and Impairments - The company reported a gross loss of HKD 47,300,000 due to impairment provisions for properties in Ap Lei Chau, Hong Kong, compared to a gross profit of HKD 27,800,000 in 2022[5] - The company anticipates further impairment provisions of approximately HKD 74,700,000 for property development projects due to declining market conditions and high interest rates[15] - The company incurred a gross loss of HKD 47,254,000 compared to a gross profit of HKD 27,790,000 in the prior year, indicating a shift in profitability[32] - The net loss attributable to equity holders was HKD 209,010,000, compared to HKD 187,284,000 in the previous year, reflecting a 11.5% increase in losses[32] - The group reported a loss of HKD 80,473,000 for the period, compared to a profit of HKD 47,000 in the previous year[80] - The group recognized a net loss of HKD 66,427,000 from other income and gains/losses, compared to a gain of HKD 9,401,000 in the prior period[95] - The group reported a significant impairment provision of HKD 74,731,000 for properties held for sale, highlighting potential risks in asset valuation[95] Cash and Assets - The company recorded a net cash balance of HKD 359,800,000 as of September 30, 2023, with a net asset value per share of HKD 1.47[4] - The company’s cash and cash equivalents decreased to HKD 1,058,057,000 from HKD 1,851,821,000, a decline of 43%[36] - Total assets less current liabilities stood at HKD 3,976,825,000, down from HKD 4,616,443,000, indicating a decrease of 13.9%[34] - As of September 30, 2023, the company held investments totaling HKD 162,500,000, with HKD 32,600,000 in listed company bonds[49] - The net asset value attributable to equity holders reached HKD 3,442,400,000, with a net asset value per share of HKD 1.47[51] - Total assets as of September 30, 2023, amounted to HKD 2,191,577,000, with total liabilities of HKD 1,023,472,000[95] Investments and Properties - The company holds approximately 19.35% equity in Beihai and 0.6% in Zhongqi, both listed on the Hong Kong Stock Exchange, focusing on real estate and paint manufacturing respectively[19] - The group completed the sale of a property in Dongguan, China, for approximately HKD 149,700,000, resulting in a loss of about HKD 45,700,000 during the reporting period[98] - The group’s investment properties in Hong Kong, China, and Malaysia provide stable and recurring rental income[186] - The group is actively seeking suitable opportunities to expand its investment property portfolio to increase stable income[193] - The group’s investment in listed company bonds is considering debt restructuring due to adverse market conditions in the Chinese real estate bond sector[199] Operational Challenges - The company reported a gross loss of HKD 47,300,000 due to impairment provisions for properties in Ap Lei Chau, Hong Kong, compared to a gross profit of HKD 27,800,000 in 2022[5] - Fair value changes in investment properties resulted in a loss of HKD 74,100,000, contrasting with a gain of HKD 400,000 in the previous year[5] - The group incurred capital expenditures of HKD 88,747,000 during the period, reflecting ongoing investments in property, plant, and equipment[95] - The group incurred capital expenditures of HKD 92,674,000 for property, plant, and equipment during the six months ended September 30, 2023, significantly higher than HKD 27,055,000 in 2022[112] Corporate Governance and Strategy - The group has established an audit committee to oversee financial reporting, risk management, and internal controls[57] - The group has not engaged in any buybacks or redemptions of its listed securities during the reporting period[59] - The group plans to adopt new accounting standards effective from April 1, 2024, but has not early adopted any revisions[71] - The company has implemented a new share option scheme effective from September 2, 2022, aimed at incentivizing eligible participants[30] Employee and Operational Metrics - Employee count as of September 30, 2023, was 105, with additional benefits provided including discretionary bonuses and medical insurance[31] - As of September 30, 2023, approximately 83.8% of the group's bank loans are due for repayment within the first year[52] - The group did not declare an interim dividend for the six months ended September 30, 2023, consistent with the previous year[110]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈 全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 截 至2023年9月30日 止 六 個 月 中 期 業 績 Chuang’s China Investments Limited（莊士中國投資有限公司）（「本公司」）董事會（「董 事會」）公佈本公司及其附屬公司（統稱「本集團」）截至2023年9月30日止六個月 之未經審核中期業績如下： 截至2023年9月30日止六個月要點 • 本公司權益持有人應佔虧損為209,000,000港元。 • 本集團於截至2023年9月30日錄得現金淨額359,800,000港元。本集團現金儲 備 總 額（包 括 債 券 投 資32,600,000港 元）為1,090,700,000港 元，銀 行 借 款 為 730,900,000港元。 • 每股資產淨值為1.47港元。 • 每股虧損為港幣8.91仙。 ...

Financial Performance - The company recorded a revenue of approximately HKD 63 million for the year ended March 31, 2023, a decrease of 69.1% compared to HKD 204.5 million in 2022[6]. - The net loss attributable to equity holders was HKD 328.7 million, compared to a profit of HKD 227.8 million in 2022, resulting in a loss per share of HKD 0.14[9]. - Cash reserves totaled HKD 1.34 billion, with net cash amounting to HKD 511.3 million as of March 31, 2023[5]. - Rental and management fee income decreased by 9.7% to approximately HKD 23.4 million, primarily due to reduced rental income from the sold property[7]. - The company reported a significant decrease in securities investment income, down 76.9% to approximately HKD 15 million, due to lower interest income from bond investments[7]. - Selling and promotional expenses decreased by 40.5% to approximately HKD 12.8 million, reflecting reduced sales activities[8]. - The board did not recommend a final dividend for the year, maintaining a prudent cash position amid an uncertain business environment[10]. - The company reported a significant increase in revenue for 2023, with a total of $1.2 billion, representing a 15% year-over-year growth[141]. - User data showed a growth in active users, reaching 5 million, which is a 20% increase compared to the previous year[141]. - The company provided guidance for the next fiscal year, projecting revenue growth of 10% to 12%[141]. Property and Investment Activities - The company completed the sale of a property in Dongguan, China, for approximately RMB 132.1 million (equivalent to HKD 149.7 million), enhancing its financial position[5]. - The company has contracted property sales of approximately EUR 5.7 million (equivalent to HKD 48.8 million), expected to be recognized as revenue in Q3 2023[11]. - The total valuation of the hotel and resort villas in Xiamen is approximately RMB 383.2 million, with the hotel valued at RMB 171.2 million and the villas at RMB 212 million[22]. - The commercial property in Dongguan has a valuation of RMB 36.4 million, with annual rental income of approximately RMB 800,000, equivalent to about HKD 900,000[28]. - The valuation of Chuang's Building in Kuala Lumpur has decreased to RM 162.8 million, with an annual rental income of RM 5.9 million, equivalent to about HKD 10.5 million[30]. - The company plans to seek suitable opportunities to expand its investment property portfolio to increase recurring and stable income[31]. - The property development project in Xian'an has recorded an impairment provision of approximately HKD 80.7 million due to market conditions and rising interest rates[34]. - The group holds a 69% interest in a property development project in Changsha, with a total investment cost of approximately HKD 24.6 million, currently undergoing voluntary liquidation due to weak market conditions[42]. Corporate Governance - The board of directors emphasized the importance of corporate governance and maintaining shareholder value[82]. - The board of directors consists of 9 members, including the chairman and vice-chairman, ensuring a balanced composition with relevant knowledge and experience related to the group's business[95]. - The company has implemented a new board diversity policy effective from January 1, 2019, recognizing the benefits of diversity in enhancing company performance[87]. - The nomination committee has established selection criteria for candidates, considering factors such as integrity, industry experience, and commitment to the company's affairs[91]. - The company has established a risk management system that includes a risk register detailing major enterprise-level risks, their potential outcomes, likelihood, impact, and overall risk ratings[118]. - The remuneration policy aims to provide competitive market-based salaries to attract, retain, and motivate talented employees, ensuring alignment with similar companies[110]. - The independent non-executive directors have confirmed their independence in accordance with the listing rules, ensuring governance integrity[105]. - The company has established a policy for communicating with shareholders to ensure informed exercise of rights and active communication with investors[132]. Employee Welfare and Development - As of March 31, 2023, the company employed a total of 104 employees, with 14 in Hong Kong, 76 in China, and 14 in other regions[182]. - The company provides competitive compensation and benefits, including paid leave beyond legal requirements, financial support for external training, and early retirement plans for eligible employees[183]. - The company emphasizes employee development through various training programs aimed at enhancing skills and knowledge, ensuring alignment with current business needs[189]. - The company actively promotes a culture of open communication and trust among employees, fostering a positive work environment[186]. - The company has adopted multiple health and safety initiatives since the COVID-19 pandemic, maintaining vigilance in monitoring the situation[187]. Sustainability and Environmental Initiatives - The group emphasizes sustainable development as a key factor in its growth strategy, integrating ESG considerations into business operations[160]. - The group has updated its major ESG issues based on stakeholder assessments, focusing on climate change, energy consumption, and carbon emissions[166]. - The group aims to enhance resource efficiency and adopt innovative solutions for sustainable urban development[167]. - The company has established strict policies to reduce greenhouse gas emissions and promote a responsible corporate culture towards environmental sustainability[172]. - The company recognizes extreme weather events, such as typhoons, as significant physical risks to its operations, particularly in Hong Kong and Xiamen, and has developed contingency plans[179]. - The company has integrated environmental considerations into its procurement processes, prioritizing the use of greener materials to minimize its carbon footprint[173]. Community Engagement and Corporate Social Responsibility - The group donated approximately HKD 1,225,000 to various organizations, including HKD 114,000 to support earthquake relief efforts in Sichuan Province[200]. - The group actively promotes volunteerism and community engagement as part of its corporate culture[200]. - The group encourages contractors to use locally sourced materials to reduce environmental impact, particularly regarding certified wood usage[195].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈 全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 截 至2023年3月31日 止 年 度 全 年 業 績 之 公 佈 Chuang’s China Investments Limited（莊士中國投資有限公司）（「本公司」）董事會（「董 事會」）公佈本公司及其附屬公司（統稱「本集團」）截至2023年3月31日止年度之 綜合全年業績如下： 截至2023年3月31日止年度要點 • 於2022年8月5日，本集團與一名獨立第三方訂立買賣協議，以代價約人民 幣132,100,000元（相等於約149,700,000港元）出售位於中華人民共和國東莞市 長安鎮之物業。該出售已於2022年9月5日完成。本集團已收現金所得款項 淨額約人民幣127,600,000元（相等於約144,600,000港元），加強了本集團的財 務狀況。 • 本公司權益持有人應佔虧損為328,700,000港元。 ...