致：香港交易及結算所有限公司 公司名稱: 樺欣控股有限公司 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 | 呈交日期: 2026年1月7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) | 01657 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 200,000,000 | HKD | | 0.01 | HKD | | 2,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 200,000,000 | HKD | | 0.01 | HKD | | 2,000 ...

桦欣控股(01657)发布截至2025年10月31日止6个月业绩，该集团期内取得收益8090.6万港元，同比增加 25.64%；期内亏损579.8万港元，同比收窄35.82%；每股基本亏损0.18港元。 ...

智通财经APP讯，桦欣控股(01657)发布截至2025年10月31日止6个月业绩，该集团期内取得收益8090.6 万港元，同比增加25.64%；期内亏损579.8万港元，同比收窄35.82%；每股基本亏损0.18港元。 ...

Core Viewpoint - Hwa Xin Holdings (01657.HK) reported a 25.6% increase in revenue for the six months ending October 31, 2025, reaching approximately HKD 809 million, driven by increased sales in clothing products and institutional catering services [1] Group 1: Financial Performance - Revenue increased from approximately HKD 644 million for the six months ending October 31, 2024, to approximately HKD 809 million for the current period [1] - The company recorded a loss of approximately HKD 58 million for the current period, an improvement from a loss of approximately HKD 90 million in the previous period [1] - The reduction in loss was primarily due to increased revenue and gross profit from clothing products and institutional catering services, as well as a decrease in impairment provisions for trade receivables [1]

Revenue Growth - The company's revenue increased by 25.6% from approximately HKD 64.4 million to about HKD 80.9 million for the six months ending October 31, 2024[6]. - Revenue from the traditional segment rose by 34.9% from approximately HKD 41.0 million to about HKD 55.3 million, driven by increased sales orders from major UK clients[4][7]. - The new retail segment's revenue grew by 7.1% from approximately HKD 18.4 million to about HKD 19.7 million, benefiting from providing relevant products to customers[8]. - The institutional catering segment recorded a 15.7% increase in revenue from approximately HKD 5.1 million to HKD 5.9 million, supported by high customer satisfaction[9]. - Revenue for the six months ended October 31, 2025, was HKD 80,906,000, representing a 25.8% increase from HKD 64,393,000 in the same period of 2024[40]. - Revenue from women's clothing was HKD 66,724,000, up 30.5% from HKD 51,060,000 in the previous year[56]. Profitability and Loss - Gross profit increased by 55.9% from approximately HKD 6.8 million to about HKD 10.6 million, with a gross margin of approximately 13.1%[11]. - The company recorded a net loss of approximately HKD 5.8 million for the period, an improvement from a loss of about HKD 9.0 million in the previous six months[16]. - The basic loss per share for the period was approximately HKD 0.18, compared to HKD 0.28 for the six months ending October 31, 2024, indicating a reduction aligned with the losses attributable to the owners during the period[18]. - The group reported a loss before tax of HKD 5,801,000 for the six months ended October 31, 2025, compared to a loss of HKD 9,121,000 for the same period in 2024, indicating an improvement[61]. - The group experienced a net loss of HKD 5,027,000 from its segments, with traditional clothing supply and new retail clothing supply both reporting losses[52]. Expenses and Costs - Selling and service costs rose by 22.2% to approximately HKD 70.4 million, consistent with revenue growth[10]. - Administrative expenses increased by 9.9% from approximately HKD 8.1 million to about HKD 8.9 million, primarily due to higher employee costs[14]. - The total comprehensive expenses attributable to the owners of the company for the period were approximately HKD 5.3 million, compared to HKD 8.9 million for the six months ending October 31, 2024, reflecting a decrease consistent with the losses during the period[17]. Cash Flow and Assets - Cash used in operating activities was HKD 3,507,000, a significant improvement compared to cash used of HKD 10,865,000 in the prior year[44]. - Total assets decreased to HKD 80,212,000 from HKD 96,460,000, reflecting a 16.8% decline[41]. - Current liabilities decreased to HKD 20,488,000 from HKD 32,872,000, a reduction of 37.6%[41]. - The company reported a net cash decrease of HKD 7,403,000, compared to HKD 11,628,000 in the previous year[44]. - The net asset value as of October 31, 2025, was HKD 77,790,000, down from HKD 83,110,000, a decrease of 6.5%[42]. Corporate Governance and Compliance - The company has adhered to all corporate governance code provisions except for the separation of the roles of Chairman and CEO, which is deemed appropriate under current circumstances[30]. - The board has adopted a code of conduct regarding securities trading, ensuring compliance with the standards set forth in the listing rules[26]. - The audit and risk management committee, composed entirely of independent non-executive directors, reviewed the unaudited condensed consolidated financial statements[34]. - The company has established an audit and risk management committee in accordance with the listing rules and corporate governance code[34]. Strategic Focus and Risks - The company continues to explore suitable investment opportunities to enhance shareholder value despite market uncertainties[12]. - The company aims to expand its market share in the institutional catering business by offering diverse high-value menu options and customer-centric services[9]. - The company aims to enhance its custom integrated apparel design and procurement services to better fulfill commitments to clients while gradually expanding its institutional catering scale for sustainable profit growth[19]. - The company faces several risks, including reliance on major clients without long-term contracts, which exposes revenue to uncertainties and potential fluctuations[20]. - The company operates in a highly competitive market, which may lead to a decrease in market share and profit margins due to intense competition[20]. Dividends and Shareholder Returns - The board does not recommend the payment of dividends for the six months ending October 31, 2025[33]. - The company did not declare or pay any dividends for the six months ending October 31, 2025, consistent with the previous period[66].

Revenue Growth - The company's revenue increased by 25.6% from approximately HKD 64.4 million to about HKD 80.9 million for the six months ending October 31, 2025[7]. - Revenue from the traditional segment rose by 34.9% from approximately HKD 41.0 million to about HKD 55.3 million, driven by increased sales orders from major UK clients[5][8]. - The new retail segment's revenue grew by 7.1% from approximately HKD 18.4 million to about HKD 19.7 million, benefiting from providing relevant products to customers[9]. - The institutional catering segment recorded a 15.7% increase in revenue from approximately HKD 5.1 million to HKD 5.9 million, supported by high customer satisfaction[10]. - Revenue for the six months ended October 31, 2025, was HKD 80,906,000, an increase of 25.7% compared to HKD 64,393,000 for the same period in 2024[41]. - Revenue from women's clothing was HKD 66,724,000 for the six months ended October 31, 2025, compared to HKD 51,060,000 in 2024, reflecting a growth of about 30.6%[57]. - The institutional catering service segment reported revenue of HKD 5,933,000 for the six months ended October 31, 2025, compared to HKD 5,059,000 in 2024, marking an increase of approximately 17.2%[53][54]. Profitability and Loss - Gross profit increased by 55.9% from approximately HKD 6.8 million to about HKD 10.6 million, with a gross margin of approximately 13.1%[12]. - The group recorded a loss of approximately HKD 5.8 million for the period, a decrease from a loss of about HKD 9.0 million for the six months ended October 31, 2024, primarily due to increased revenue and gross profit from supplying apparel products and catering services[17]. - Total comprehensive expenses attributable to the company's owners decreased to approximately HKD 5.3 million from about HKD 8.9 million for the six months ended October 31, 2024, reflecting ongoing economic slowdown and intense competition in the fashion retail and wholesale market[18]. - Basic loss per share for the period was approximately HKD 0.18, down from HKD 0.28 for the six months ended October 31, 2024, consistent with the reduction in losses[19]. - The group reported a loss before tax of HKD 5,801,000 for the six months ended October 31, 2025, an improvement from a loss of HKD 9,121,000 in the same period of 2024[62]. - The group experienced a net loss of HKD 5,027,000 from its segments for the six months ended October 31, 2025, compared to a loss of HKD 7,851,000 in the previous year, indicating a reduction in losses by approximately 36%[53][54]. Expenses and Costs - Selling and service costs rose by 22.2% to approximately HKD 70.4 million, consistent with revenue growth[11]. - Administrative expenses increased by approximately 9.9% from about HKD 8.1 million to HKD 8.9 million, primarily due to higher employee costs[15]. - Sales and distribution expenses increased from approximately HKD 7.1 million to about HKD 7.6 million, representing a growth of approximately 7.0% due to increased employee costs[16]. - The company incurred no new bank borrowings during the six months ended October 31, 2025, maintaining existing borrowings for general working capital[76]. - The company made capital expenditures of HKD 81,000 thousand on property, plant, and equipment during the six months ended October 31, 2025, compared to HKD 13,000 thousand for the same period in 2024[70]. Financial Position - Total assets as of October 31, 2025, were HKD 80,212,000, down from HKD 96,460,000 as of April 30, 2025[42]. - Current liabilities decreased to HKD 20,488,000 from HKD 32,872,000, indicating improved liquidity management[42]. - The company's equity as of October 31, 2025, was HKD 77,790,000, down from HKD 83,110,000 as of April 30, 2025[43]. - Trade receivables decreased to HKD 31,263 thousand as of October 31, 2025, down from HKD 44,387 thousand as of April 30, 2025, reflecting a reduction of approximately 29.5%[71]. - Total trade and other receivables amounted to HKD 48,820 thousand as of October 31, 2025, compared to HKD 65,494 thousand as of April 30, 2025, indicating a decline of about 25.5%[71]. - Trade payables were reported at HKD 10,945 thousand as of October 31, 2025, a decrease from HKD 12,284 thousand as of April 30, 2025, representing a reduction of approximately 10.9%[73]. Risk Management and Compliance - The group faces several risks, including reliance on major clients without long-term contracts, which exposes revenue to uncertainty and potential fluctuations[21]. - The company has adopted a code of conduct for directors' securities trading, ensuring compliance with the standards set out in the listing rules[27]. - The company confirmed compliance with the non-competition agreement for the six months ending October 31, 2025[30]. - The company has established an audit and risk management committee, consisting of three independent non-executive directors, to oversee financial reporting and internal controls[35]. - The company has complied with all provisions of the corporate governance code, except for the separation of the roles of chairman and CEO[32]. Future Outlook - The company aims to expand its market share in the institutional catering business by offering diverse high-value menu options and customer-centric services[10]. - The company plans to continue expanding its fashion-related business and gradually scale up its catering services to achieve sustainable profit growth amid increasing global economic uncertainty[20]. Other Information - The company recorded a net foreign exchange gain of approximately HKD 84,000 during the period, compared to a net gain of about HKD 404,000 in the previous period[13]. - The provision for impairment losses on trade receivables was approximately HKD 42,000, significantly lower than the HKD 1.7 million recorded in the previous period[14]. - The company did not declare or propose any dividends for the six months ended October 31, 2025, consistent with the previous period[67]. - There have been no significant events affecting the group after the six months ending October 31, 2025[33]. - The company's financial statements for the six months ending October 31, 2025, were reviewed and found to comply with applicable accounting standards[39]. - The independent auditor did not identify any issues that would lead to a belief that the financial statements were not prepared in accordance with the relevant accounting standards[39].

Core Viewpoint - Huaxin Holdings (01657) expects to incur a loss of no more than approximately HKD 6 million for the six months ending October 31, 2025, which is an improvement compared to a loss of approximately HKD 9 million for the six months ending October 31, 2024 [1] Group 1 - The estimated reduction in loss is primarily due to an increase in revenue and gross profit from its supply of apparel products [1] - There has been an increase in the number of sales orders and revenue from supplying apparel products to a major client based in the UK [1] - The company has also seen a decrease in the provision for impairment losses recognized on trade receivables [1]

Core Viewpoint - Hwa Hsin Holdings (01657.HK) expects a reduced loss of approximately HKD 6 million for the six months ending October 31, 2025, compared to a loss of about HKD 9 million for the six months ending October 31, 2024 [1] Group 1 - The anticipated reduction in loss is primarily attributed to an increase in revenue and gross profit from the supply of apparel products [1] - There has been an increase in the number of sales orders and revenue from supplying apparel products to a major client based in the UK [1] - The company has recorded a decrease in impairment provisions for trade receivables [1]

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告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不會就因本公告全部或任何部分內容 而產生或因依賴該等內容而引致之任何損失承擔任何責任。 SG Group Holdings Limited 樺欣控股有限公司 （於開曼群島註冊成立的有限公司） 由於本公司仍在落實本集團截至二零二五年十月三十一日止六個月之綜合業績，本公告 所載資料僅基於董事會參考本集團之未經審核管理賬目及現時可得資料後作出之初步評 估，未經本公司核數師審核亦未經本公司審核委員會審閱，並可能需作更改及調整。本 集團之實際業績可能有別於本公告所披露。股東及潛在投資者務必於本集團截至二零二 五年十月三十一日止六個月之業績公告刊發時細閱該公告。 警告：股東及潛在投資者於買賣本公司股份時務請審慎行事。 承董事會命 樺欣控股有限公司 （股份代號：1657） 盈利預告－虧損收窄 本公告乃由樺欣控股有限公司（「本公司」，連同其附屬公司，統稱為「本集團」）董事 （「董事」）會（「董事會」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第 13.09條及香港法例第571章證券及期貨條例第 ...

格隆汇12月16日丨桦欣控股(01657.HK)宣布，公司将于2025年12月30日(星期二)举行董事会会议，藉以 (其中包括)考虑及批准刊发公司及其附属公司截至2025年10月31日止六个月之未经审核综合业绩及考虑 建议派付中期股息(如有)。 ...