Core Viewpoint - Hangpin Life Technology (01682) reported a revenue of HKD 49.345 million for the six months ending September 30, 2025, reflecting a year-on-year growth of 12.1% [1] - The company experienced a net loss of HKD 1.962 million, compared to a profit of HKD 3.779 million in the same period last year [1] - Basic loss per share was HKD 0.025 [1] Financial Performance - Revenue for the period was HKD 49.345 million, which is an increase of 12.1% compared to the previous year [1] - The net loss of HKD 1.962 million marks a significant decline from the previous year's profit of HKD 3.779 million [1] - Basic loss per share reported at HKD 0.025 indicates a shift from profitability to loss [1]

Core Viewpoint - Hangpin Life Technology (01682) reported a revenue of HKD 49.345 million for the six months ending September 30, 2025, reflecting a year-on-year growth of 12.1%. However, the company experienced a net loss of HKD 1.962 million, compared to a profit of HKD 3.779 million in the same period last year, resulting in a basic loss per share of HKD 0.025 [1] Financial Performance - Revenue for the period reached HKD 49.345 million, marking a 12.1% increase year-on-year [1] - The company reported a net loss of HKD 1.962 million, contrasting with a profit of HKD 3.779 million in the previous year [1] - Basic loss per share was recorded at HKD 0.025 [1]

Core Viewpoint - Hangpin Life Technology (01682.HK) reported a revenue increase of approximately 12.08% for the six months ending September 30, 2025, driven by active business expansion [1] Financial Performance - The group's revenue for the reporting period was approximately HKD 49.35 million, compared to approximately HKD 44.03 million in 2024 [1] - Gross profit margin was approximately 1.72%, an increase of about 0.40 percentage points from 1.32% in 2024 [1] - Other income amounted to approximately HKD 3.51 million, down from approximately HKD 8.58 million in 2024, primarily due to changes in fair value of financial assets and dividend income [1] Cost Structure - Sales and distribution costs were approximately HKD 77,000, slightly decreased from approximately HKD 79,000 in 2024 [1] - Financial expenses were approximately HKD 22,000, whereas there were none reported in 2024 [1] - Administrative and operating expenses increased by approximately 17.37% to about HKD 6.22 million, up from approximately HKD 5.30 million in 2024, mainly due to hiring additional staff for business expansion [1] Profitability - The company reported a loss attributable to owners of approximately HKD 1.96 million for the period, contrasting with a profit of approximately HKD 3.78 million in 2024 [1]

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 49,345,000, representing a 12.5% increase from HKD 44,026,000 in the same period of 2024[5] - Gross profit for the same period was HKD 849,000, up from HKD 582,000, indicating a gross margin improvement[5] - The company reported a loss before tax of HKD 1,962,000 for the six months ended September 30, 2025, compared to a profit of HKD 3,779,000 in the prior year[5] - Total comprehensive loss attributable to owners for the period was HKD 1,962,000, compared to a comprehensive income of HKD 3,779,000 in the previous year[5] - Basic and diluted loss per share for the period was HKD (0.25), down from earnings of HKD 0.48 per share in the same period last year[5] - The group reported a loss attributable to owners of approximately HKD 1,962,000, compared to a profit of HKD 3,779,000 in 2024[36] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 104,776,000, an increase from HKD 96,064,000 as of March 31, 2025[6] - Current liabilities increased to HKD 18,238,000 from HKD 8,258,000, indicating a significant rise in short-term obligations[6] - The company’s cash and cash equivalents decreased to HKD 51,867,000 from HKD 61,950,000, indicating a reduction in liquidity[6] - Trade receivables from customer contracts increased significantly to HKD 15,731,000 as of September 30, 2025, up from HKD 4,683,000 as of March 31, 2025[22] - Trade payables rose to HKD 15,510,000 as of September 30, 2025, compared to HKD 4,617,000 as of March 31, 2025[24] - Total assets as of September 30, 2025, were approximately HKD 105,512,000, up from HKD 97,494,000 on March 31, 2025[37] - The current ratio was 5.74:1 as of September 30, 2025, indicating a healthy liquidity position[37] - The group has no bank or other borrowings as of September 30, 2025, resulting in a reported debt ratio of zero[37] Income and Expenses - Other income and gains for the period totaled HKD 3,510,000, down from HKD 8,577,000 in the prior year, reflecting a decrease in financial asset fair value changes[15] - Administrative and operating expenses rose by approximately 17.37% to HKD 6,222,000, primarily due to increased hiring for business expansion[36] Dividends and Shareholder Returns - The company did not declare or propose any dividends for the six months ended September 30, 2025, consistent with the previous year[19] - The board does not recommend any interim dividend for the six months ended September 30, 2025, consistent with the previous period[53] Market Conditions and Business Strategy - The company is facing challenges due to geopolitical tensions and economic uncertainties, impacting consumer confidence and spending, particularly in the non-essential fashion sector[28] - The company has established a new supplier selection program to promote sustainable business growth by choosing reputable and financially stable suppliers[29] - The financial services segment, initiated in 2018, aims to diversify revenue sources and enhance the company's financial product offerings in the Hong Kong and China markets[30] - The group is adopting a light asset business model to enhance operational resilience and reduce inventory pressure in an uncertain market environment[35] Lending and Credit Risk Management - The lending business, operated by a wholly-owned subsidiary, has not recorded any borrower defaults or write-offs during the reporting periods[31] - The company has adopted a credit risk assessment policy for its lending business, requiring detailed financial information from potential borrowers, including income sources and outstanding mortgage details[40] - The company uses a Debt-to-Income (DTI) ratio as a decision-making tool, rejecting applications with a DTI exceeding 80% unless approved by the board, and ensuring DTI does not exceed 90%[42][43] - The company actively conducts post-loan management to monitor repayment status and reviews loan credit limits quarterly, reporting any overdue loans to the credit committee[44] Corporate Governance - The company has complied with all corporate governance code provisions during the reporting period, with some deviations noted regarding the separation of roles between the chairman and CEO[56][57] - The audit committee consists of three independent non-executive directors, with specific responsibilities outlined in their written terms of reference[58] - The nomination committee is also composed of three independent non-executive directors, with defined duties available for review on the stock exchange and the company's website[59] - The remuneration committee is formed by three independent non-executive directors, with responsibilities clearly defined in their written terms of reference[60] - The company has established a code of conduct for directors regarding securities trading, which complies with the standards set forth in the Listing Rules[61] - The group operates primarily through subsidiaries in Hong Kong, the United States, and China, and has not violated any applicable laws or regulations during the reporting period[62] Management and Board - The board expresses gratitude to the management and employees for their dedication and hard work during the reporting period[63] - The board of directors includes executive directors and independent non-executive directors, ensuring a diverse governance structure[64] Capital Expenditures - As of September 30, 2025, the company has no significant capital expenditures or major capital commitments[49] - The company has entered into a temporary agreement to acquire property in Hong Kong for a total cash consideration of HKD 47,532,000, expected to be completed by January 30, 2026[52] - There were no purchases, redemptions, or sales of the company's listed securities during the reporting period[55] - The company has no effective share option plan as of September 30, 2025, due to the expiration of the previous plan[54]

Core Viewpoint - The company, Hangpin Life Technology (01682.HK), anticipates a net loss of approximately HKD 1.96 million for the six months ending September 30, 2025, compared to a net profit of HKD 3.78 million for the same period in 2024, primarily due to a decrease in fair value gains on financial assets and an increase in administrative and operational expenses [1]. Financial Performance - The expected net loss of HKD 1.96 million for the upcoming six months represents a significant decline from the net profit of HKD 3.78 million recorded in the same period last year [1]. - The decrease in fair value gains on financial assets is estimated to be around HKD 3.63 million [1]. - Administrative and operational expenses are projected to increase by approximately HKD 0.92 million [1].

Group 1 - The company, Hangpin Life Technology (01682), anticipates a net loss of approximately HKD 1.96 million for the six months ending September 30, 2025, compared to a net profit of about HKD 3.78 million for the same period in 2024 [1] - The expected loss is primarily attributed to a decrease in the fair value change of financial assets measured at fair value through profit or loss, which declined by approximately HKD 3.63 million [1] - Additionally, administrative and operating expenses are projected to increase by about HKD 0.92 million [1]

Core Viewpoint - Hangpin Life Technology (01682) anticipates a net loss of approximately HKD 1.96 million for the six months ending September 30, 2025, a significant decline compared to a net profit of approximately HKD 3.78 million for the same period in 2024 [1] Financial Performance - The expected loss is primarily attributed to a decrease in the fair value change of financial assets measured at fair value through profit or loss, which declined by approximately HKD 3.63 million [1] - Administrative and operating expenses increased by approximately HKD 0.92 million [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的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 HANG PIN LIVING TECHNOLOGY COMPANY LIMITED 杭 品 生 活 科 技 股 份 有 限 公 司 （於百慕達註冊成立的有限公司） （股份代號：1682） 盈利警告 本公告乃由杭品生活科技股份有限公司（「本公司」）,連同其附屬公司稱為（「本集 團」）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(2)條及香港 法例第571章證券及期貨條例「證券及期貨條例」）第XIVA部項下之內幕消息條文（定義 見上市規則）而作出。 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資 者，根據本集團管理層所作之初步評估及本集團截至二零二五年九月三十日止六個月之未 經審核綜合管理帳目，預期截至二零二五年九月三十日止六個月本集團將錄得約1.96百萬 港元之虧損淨額，相比二零二四年同期則錄得純利約3.78百萬港元，此乃主要由於(i)透過 損益按 ...

Core Viewpoint - Hangpin Life Technology (01682.HK) announced a temporary agreement for the acquisition of a property for a total cash consideration of HKD 47.532 million, expected to be completed by January 30, 2026 [1] Group 1: Acquisition Details - The buyer, a wholly-owned subsidiary of Jingaofeng Clothing International Co., has entered into a temporary agreement with the seller, Banghong Limited, for the property acquisition [1] - The property is located at the 22nd floor, units 2204 and 2205 of the Sino Centre, situated in a prime commercial area in Sheung Wan, Hong Kong [1] - The property is currently an empty commercial office unit, which the seller must vacate and deliver to the buyer upon completion [1]

Core Viewpoint - Hangpin Life Technology (01682) has entered into a temporary agreement to acquire a property in Hong Kong for a total cash consideration of HKD 47.532 million, aiming to utilize it as an office space to support rapid business growth and future expansion [1] Group 1: Acquisition Details - The buyer, a wholly-owned subsidiary of the company, is set to finalize the acquisition by January 30, 2026, pending the signing of a formal agreement and fulfillment of conditions [1] - The property is located at 22/F, Rooms 2204 and 2205, West Tower, Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong [1] Group 2: Strategic Rationale - The board believes that the acquisition presents a strategic opportunity to acquire the property at a competitive price due to significant declines in Hong Kong property prices over the past few years [1] - Acquiring the property is expected to save future rental expenses, aligning with the company's interests [1] - If the company does not utilize the entire space, it has the option to lease out the surplus area for additional rental income [1]