股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 順興集團（控股）有限公司 呈交日期: 2026年2月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01637 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底法 ...

Core Viewpoint - As of January 15, a total of 105 stocks reached their 52-week highs, with notable performers including 德莱建业 (01546), 东曜药业－Ｂ (01875), and 大森控股 (01580) achieving high rates of 78.00%, 51.36%, and 37.61% respectively [1]. Summary by Category 52-Week Highs - 德莱建业 (01546) closed at 0.355, with a peak of 0.445, marking a high rate of 78.00% [1]. - 东曜药业－Ｂ (01875) closed at 4.190, reaching a high of 4.450, with a high rate of 51.36% [1]. - 大森控股 (01580) closed at 0.275, with a peak of 0.300, achieving a high rate of 37.61% [1]. - 顺兴集团控股 (01637) and 怡园酒业 (08146) also showed significant increases, with high rates of 36.36% and 24.74% respectively [1]. Additional Notable Stocks - JBB BUILDERS (01903) reached a high rate of 24.12% with a closing price of 2.830 [1]. - 天臣控股 (01201) and 江苏创新 (02116) had high rates of 15.38% and 15.00% respectively [1]. - 万国黄金集团 (03939) and 竣球控股 (01481) also performed well, with high rates of 12.95% and 12.44% respectively [1]. 52-Week Lows - The report also noted stocks reaching 52-week lows, with 天彩控股 (03882) showing a low rate of -14.42% [3]. - 中国智慧能源 (01004) and 基石控股 (01592) followed with low rates of -13.64% and -12.86% respectively [3]. - 弘毅文化集团－旧 (02990) and 中原建业 (09982) also reported significant declines of -9.09% and -6.06% respectively [3].

致：香港交易及結算所有限公司 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01637 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底法定/註冊股本總額： HKD 100,000,000 公司名稱: 順興 ...

SH GROUP (HOLDINGS) LIMITED 順興集團（控股）有限公司 （於開曼群島註冊成立之有限公司） （Stock Code 股份代號：1637） Dear Shareholders, New Arrangements on Dissemination of Corporate Communications Pursuant to the amended Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") effective from 31 December 2023 and the amended and restated articles of association of SH Group (Holdings) Limited (the "Company") adopted on 29 August 2025, the Company will disseminate future C ...

Revenue Performance - Revenue decreased by approximately HK$165.4 million from approximately HK$330.0 million in the Last Period to approximately HK$164.6 million in the Current Period[10] - Revenue decreased by approximately HK$165.4 million, or 50.1%, from approximately HK$330.0 million for the Last Period to approximately HK$164.6 million for the Current Period[30] - Revenue for the six months ended September 30, 2025, was HK$164,570,000, a decrease of 50% compared to HK$330,021,000 for the same period in 2024[114] - Revenue from the supply, installation, and maintenance of the MVAC system was HK$130,456,000, down 48.00% from HK$251,082,000 in 2024[134] - Revenue from the supply, installation, and maintenance of low voltage electrical systems was HK$34,114,000, a decrease of 56.75% from HK$78,939,000 in 2024[134] Gross Profit and Loss - Gross profit increased by approximately HK$4.0 million from a gross loss of approximately HK$1.2 million in the Last Period to a gross profit of approximately HK$2.8 million in the Current Period[10] - The Group recorded a gross profit of approximately HK$2.8 million, with a gross profit margin of 1.7%, an improvement from a gross loss of HK$1.2 million and a margin of -0.4% in the previous year[31] - The company recorded a loss attributable to owners of approximately HK$3.9 million for the current period, compared to a loss of HK$8.7 million in 2024[51] - For the six months ended 30 September 2025, the loss attributable to owners of the Company was HK$3,921,000, a decrease of 55.2% compared to a loss of HK$8,747,000 for the same period in 2024[151] - Loss before taxation was HK$5,340,000, an improvement from a loss of HK$11,077,000 in the same period last year[114] Project Awards and Revenue Sources - The Group was awarded 5 projects in the Current Period with an aggregate contract sum of approximately HK$16.0 million, compared to 3 projects with a contract sum of approximately HK$109.3 million in the Last Period[11] - Revenue from MVAC system projects accounted for approximately 79.3% of total revenue in the Current Period, up from 76.1% in the Last Period[18] - Revenue from low voltage electrical system projects accounted for approximately 20.7% of total revenue in the Current Period, down from 23.9% in the Last Period[18] - The largest project awarded in the Current Period was for MVAC system installation for commercial buildings in Hong Kong, with a contract sum of approximately HK$5.8 million[16] - A project related to MVAC system installation was awarded with a contract sum of approximately HK$19.0 million after the Current Period[23] Financial Position and Liquidity - The Group maintained a healthy liquidity position with bank balance and cash of approximately HK$150.7 million as of 30 September 2025, up from HK$97.5 million[48] - The current ratio of the Group was approximately 2.2 times as of 30 September 2025, compared to 2.3 times as of 31 March 2025[49] - The group maintained a strong liquidity position with cash and bank balances of approximately HK$150.7 million as of September 30, 2025, up from HK$97.5 million as of March 31, 2025[53] - The current ratio as of September 30, 2025, was approximately 2.2 times, compared to 2.3 times as of March 31, 2025[53] - The group had no bank borrowings, resulting in a gearing ratio of nil as of September 30, 2025[55] Administrative and Other Expenses - Administrative expenses decreased to approximately HK$12.9 million from HK$13.4 million in the Last Period[34] - Other income slightly decreased to approximately HK$1.5 million from HK$1.7 million in the Last Period[32] - The Group recorded an other gain of approximately HK$3.2 million, attributed to fair value gains on financial assets[40] - Total staff costs for the six months ended 30 September 2025 were HK$37,861,000, down 21.9% from HK$48,494,000 in 2024[151] Shareholder Information and Corporate Governance - As of September 30, 2025, Yu Cheung Choy holds a long position of 246,000,000 shares, representing 61.50% of the issued share capital of the Company[88] - Lau Man Ching holds a long position of 54,000,000 shares, representing 13.50% of the issued share capital of the Company[88] - The Company is committed to maintaining good corporate governance standards to enhance shareholder value[80] - The Audit Committee was established on December 6, 2016, to oversee financial integrity and risk management[99] - All Directors and chief executives confirmed compliance with the securities trading standards during the reporting period[84] Investments and Financial Assets - The Group's financial assets at fair value through profit or loss included equity securities listed in Hong Kong valued at HK$11,254,000 as of 30 September 2025, up from HK$10,407,000 as of 31 March 2025[186] - Unlisted funds in overseas were valued at HK$13,363,000 as of 30 September 2025, compared to HK$12,334,000 as of 31 March 2025[186] - Investment in listed bonds at amortized cost decreased to HK$272,000 from HK$2,536,000 as of March 31, 2025[171] - The company reported a current investment in listed perpetual capital securities of HK$4,190,000, unchanged from the previous period[171] Employee and Management Compensation - Compensation to key management personnel, representing the Directors, was disclosed but specific amounts were not provided in the summary[174] - Directors' fees increased to HK$312,000 for the six months ended 30 September 2025, compared to HK$234,000 for the same period in 2024[175] - Salaries decreased to HK$3,245,000 for the six months ended 30 September 2025, down from HK$3,417,000 for the same period in 2024[175] Future Outlook and Strategic Focus - The Company continues to explore opportunities for market expansion and new project acquisitions[9] - Future outlook includes a commitment to enhancing service offerings and maintaining competitive positioning in the E&M engineering sector[9] - The Group is actively expanding its service scope to include diversified E&M engineering services, such as fire services systems and plumbing[26] - The Group's focus remains on the supply, installation, and maintenance of MVAC systems and low voltage electrical systems[18]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 順興集團（控股）有限公司 呈交日期: 2025年12月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01637 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月 ...

Core Viewpoint - Shun Hing Group Holdings (01637) reported a significant decline in revenue for the six months ending September 30, 2025, with earnings of approximately HKD 165 million, representing a year-on-year decrease of 50.13% [1] Financial Performance - The company experienced a net loss of HKD 3.921 million, which is a 55.17% improvement compared to the previous year [1] - Basic loss per share was reported at HKD 0.01 [1]

Group 1 - The core viewpoint of the article is that Shun Hing Group Holdings (01637) reported a significant decline in revenue for the six months ending September 30, 2025, with earnings of approximately HKD 165 million, representing a year-on-year decrease of 50.13% [1] - The company experienced a net loss of HKD 3.921 million, which is a reduction of 55.17% compared to the previous year [1] - The basic loss per share is reported at 0.01 HKD [1]

Core Viewpoint - Shun Hing Group Holdings (01637.HK) reported a significant decline in revenue and a reduction in losses for the six months ending September 30, 2025, compared to the previous year [1] Financial Performance - Revenue for the period was approximately HKD 164.6 million, down from HKD 330 million in 2024 [1] - Gross profit was approximately HKD 2.8 million, a recovery from a gross loss of HKD 1.2 million in 2024 [1] - The loss attributable to shareholders for the period was approximately HKD 3.9 million, improved from a loss of HKD 8.7 million in 2024 [1] - Basic loss per share was approximately HKD 0.01, compared to HKD 0.022 in 2024 [1]

Financial Performance - Revenue for the six months ended September 30, 2025, was approximately HKD 164.57 million, a decrease of 50% compared to HKD 330.02 million for the same period in 2024[3] - Gross profit for the same period was approximately HKD 2.78 million, compared to a gross loss of HKD 1.22 million in 2024[3] - Loss attributable to owners for the period was approximately HKD 3.91 million, a reduction from a loss of HKD 8.75 million in the previous year[3] - Basic loss per share was HKD 0.01, improved from HKD 0.022 in the previous year[3] - Revenue decreased by approximately HKD 165.4 million or 50.1% to about HKD 164.6 million compared to the previous period of approximately HKD 330 million[24] - Basic loss per share was HKD (3,921) thousand for the six months ended September 30, 2025, compared to HKD (8,747) thousand for the same period in 2024[17] - Other income slightly decreased to approximately HKD 1.5 million from about HKD 1.7 million[33] - The group recorded other gains of approximately HKD 3.2 million, attributed to fair value gains on financial assets[34] - The group reported a pre-tax loss of approximately HKD 5.3 million, with an effective tax rate of about 26.6%[38] Revenue Breakdown - Revenue from the supply, installation, and maintenance of mechanical ventilation and air conditioning systems was HKD 130.46 million, down from HKD 251.08 million in 2024[12] - Revenue from the supply, installation, and maintenance of low-voltage electrical systems was HKD 34.11 million, down from HKD 78.94 million in 2024[12] - Revenue contribution from mechanical ventilation and air conditioning systems was approximately 79.3%, while low-voltage electrical systems contributed about 20.7% during the period[27] - Revenue decreased by approximately HKD 165.4 million or 50.1% to about HKD 164.6 million, with contributions from mechanical ventilation and low-voltage electrical systems at approximately 79.3% and 20.7% respectively[31] Assets and Liabilities - The company reported total assets of HKD 310.95 million as of September 30, 2025, compared to HKD 323.31 million as of March 31, 2025[5] - Current liabilities decreased to HKD 138.40 million from HKD 143.31 million in the previous period[5] - Trade receivables as of September 30, 2025, were HKD 32,556 thousand, down from HKD 86,258 thousand as of March 31, 2025[19] - Contract assets amounted to HKD 130,508 thousand as of September 30, 2025, compared to HKD 140,991 thousand as of March 31, 2025[21] - Trade payables were HKD 26,150 thousand as of September 30, 2025, compared to HKD 30,254 thousand as of March 31, 2025[22] - Cash and cash equivalents increased to HKD 150.73 million from HKD 97.52 million[5] - Cash and cash equivalents amounted to approximately HKD 150.7 million, up from HKD 97.5 million at the end of the previous period[41] - The group maintained a current ratio of approximately 2.2 times, slightly down from 2.3 times[41] - The group has no bank borrowings, resulting in a debt-to-equity ratio of zero[43] Corporate Governance - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange listing rules and believes it has complied with all applicable provisions during the period[55] - The board of directors confirmed compliance with the standard code for securities transactions during the period[56] - No purchases, sales, or redemptions of the company's listed securities occurred during the period[57] - The audit committee reviewed the unaudited interim financial statements for the six months ending September 30, 2025, and found them compliant with applicable accounting standards[59] - The interim results have been reviewed by Deloitte, ensuring adherence to the relevant review standards[60] - The board of directors did not declare any interim dividend for the period[61] - No interim dividend was declared for the six months ended September 30, 2025, consistent with the previous year[18] - The interim report for 2025-26 will be published on the company's website and the Hong Kong Stock Exchange website[62] Business Expansion - Major projects awarded during the period included 5 projects with a total contract value of approximately HKD 16 million, compared to 3 projects valued at HKD 109.3 million in the previous year[25] - The group is actively expanding its service scope into fire protection systems and plumbing systems to diversify its project portfolio[29] - The company operates solely in Hong Kong, with all revenue generated from this region[13]