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 致：香港交易及結算所有限公司 公司名稱: 昌利(控股)有限公司 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 08098 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 2,200,000,000 | | 0 | | 2,200,000,000 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 2,200,000,000 | | 0 | | 2,200,000,000 | 第 2 頁 共 10 頁 v 1.1.1 呈交日期: 2026年1月2日 I. ...

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: 昌利(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) | 08098 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.01 | HKD | | 50,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.01 | HKD | | 50,000,000 | 本月底法定/註冊 ...

Financial Performance - For the six months ended September 30, 2025, the company recorded an unaudited revenue of approximately HKD 24,800,000, representing an increase of about 9.9% compared to the same period last year[5]. - The profit attributable to the owners of the company for the same period was approximately HKD 7,600,000, a decrease primarily due to expected credit loss impairment on trade receivables[5]. - Basic and diluted earnings per share for the six months ended September 30, 2025, were approximately HKD 0.34, down from HKD 1.13 for the same period in 2024[5]. - The company reported a net profit of HKD 7,582,001 for the six months ended September 30, 2025, compared to HKD 24,786,049 for the same period in 2024, representing a decrease of approximately 69.5%[9]. - The company recorded an unaudited profit attributable to owners of approximately HKD 7,600,000 for the six months ended September 30, 2025, compared to a loss of approximately HKD 24,800,000 for the same period in 2024[66]. Dividends - The board of directors did not recommend the payment of an interim dividend for the six months ended September 30, 2025, consistent with the previous year[5]. - The company does not recommend the distribution of an interim dividend for the six months ending September 30, 2025[29]. - The board did not recommend any interim dividend for the six months ended September 30, 2025[70]. Assets and Liabilities - Total assets as of September 30, 2025, amounted to HKD 199,682,617, compared to HKD 193,731,059 as of March 31, 2025[7]. - Current liabilities decreased to HKD 49,070,679 as of September 30, 2025, from HKD 51,745,630 as of March 31, 2025[8]. - The company's net asset value increased to HKD 186,403,255 as of September 30, 2025, from HKD 179,006,042 as of March 31, 2025[8]. - The total assets as of September 30, 2025, amounted to HKD 236,798,861, with segment assets in securities, futures, and options brokerage at HKD 165,525,930[24]. - The total liabilities as of the same date were HKD 50,395,606, with segment liabilities in securities, futures, and options brokerage at HKD 39,180,607[24]. Cash Flow - The company experienced a net cash outflow from operating activities of HKD 4,449,755 for the six months ended September 30, 2025, compared to a cash inflow of HKD 15,489,209 in 2024[10]. - The company’s financing activities resulted in a net cash outflow of HKD 4,625,222 for the six months ended September 30, 2025, compared to an outflow of HKD 25,006,998 in 2024, indicating improved cash management[10]. - Cash and cash equivalents decreased to HKD 1,737,461 at the end of September 2025, down from HKD 11,277,168 at the beginning of the period[10]. - Cash and bank balances as of September 30, 2025, were approximately HKD 5,000,000, unchanged from March 31, 2025[67]. Credit Loss and Impairment - The company reported an expected credit loss impairment of HKD 6,364,682 for the six months ended September 30, 2025, compared to a reversal of HKD 13,630,431 in the same period last year[6]. - The expected credit loss on receivables was approximately HKD 26,551,009 for the six months ended September 30, 2025, compared to zero for the same period in 2024[61]. - The expected credit loss provision for trade receivables was HKD 4,246,619 for the six months ended September 30, 2025, down from HKD 10,870,446 as of March 31, 2025[38]. - As of September 30, 2025, the expected credit loss provision was approximately HKD 2,651,009, a significant decrease from HKD 19,186,630 as of March 31, 2025[42]. Revenue Segmentation - Total revenue from continuing operations for the six months ended September 30, 2025, was HKD 24,774,825, an increase of 10% from HKD 22,541,160 in 2024[17]. - For the six months ending September 30, 2025, the total revenue was HKD 24,774,825, with segment income from securities, futures, and options brokerage at HKD 14,895,177, and from loan financing at HKD 4,921,066[22]. - The company reported a significant increase in commission and brokerage fees from securities trading, totaling HKD 2,889,640 for the six months ended September 30, 2025, up from HKD 1,868,703 in 2024, representing a growth of approximately 54.4%[17]. - Securities and futures brokerage income increased by approximately 54.6% to about HKD 2,900,000 for the six months ended September 30, 2025, from approximately HKD 1,900,000 for the same period in 2024, with total trading volume rising by approximately 119.0% to about HKD 65,502,600,000[58]. Administrative Expenses - Administrative expenses rose to HKD 9,978,249 for the six months ended September 30, 2025, compared to HKD 8,062,726 for the same period in 2024[6]. - Administrative expenses for the six months ended September 30, 2025, were approximately HKD 10,000,000, an increase of about 23.8% from approximately HKD 8,100,000 for the same period in 2024[65]. Share Capital and Ownership - The total issued and paid-up share capital was HKD 22,000,000, with 2,200,000,000 ordinary shares issued at a par value of HKD 0.01 each[47]. - Major shareholder Zillion Profit Limited holds 1,500,000,000 shares, representing 68.18% of the total issued shares[92]. - The average number of ordinary shares issued during the period remained constant at 2,200,000,000 shares[31]. Corporate Governance - The company is committed to high standards of corporate governance and has adhered to all relevant codes during the reporting period[97]. - The audit committee has been established to review and supervise the financial reporting procedures and internal controls of the group[101]. - The committee consists of three independent non-executive directors[102]. - The unaudited condensed consolidated interim results for the six months ending September 30, 2025, have been reviewed by the committee[101]. - The committee believes that the preparation of these results complies with applicable accounting standards and legal requirements[101]. Future Plans and Strategies - The group aims to expand its brokerage and underwriting businesses by broadening its customer base and enhancing its trading platform[76]. - The group plans to continue exploring potential investment opportunities to enhance profitability[75]. - The new share option plan aims to incentivize participants and align their contributions with the group's business objectives[82].

格隆汇11月21日丨昌利控股(08098.HK)公告，于截至2025年9月30日止6个月录得未经审核营业额约2480 万港元，较去年同期增加约9.9%。公司拥有人应占期内未经审核溢利约760万港元。公司拥有人应占期 内溢利减少，主要源于本期录得预期信贷亏损模式下贸易应收款项应收贷款减值。每股基本及摊薄盈利 分别为约0.34仙(2024年9月30日止6个月：每股基本盈利约1.13仙)及约0.34仙(2024年9月30日止6个月： 每股摊薄盈利1.13仙)。 ...

智通财经APP讯，昌利控股(08098)发布截至2025年9月30日止六个月业绩，营业额2477.48万港元，同比 增长9.9%;净利润758.2万港元，同比下降69.4%;每股基本盈利0.34港仙。 公司拥有人应占期内溢利减少，主要源于本期取得预期信贷亏损模式下贸易应收款项应收贷款的减值。 ...

Core Viewpoint - Changli Holdings (08098) reported a revenue of HKD 24.77 million for the six months ending September 30, 2025, representing a year-on-year increase of 9.9%. However, net profit decreased by 69.4% to HKD 7.58 million, primarily due to impairment losses on trade receivables under the expected credit loss model [1]. Financial Performance - Revenue for the period was HKD 24.77 million, showing a growth of 9.9% compared to the previous year [1]. - Net profit for the period was HKD 7.58 million, which reflects a significant decline of 69.4% year-on-year [1]. - Basic earnings per share were reported at HKD 0.34 cents [1]. Impairment Losses - The decrease in profit was mainly attributed to the impairment of trade receivables under the expected credit loss model [1].

Financial Performance - The company recorded an unaudited revenue of approximately HKD 24,800,000 for the six months ended September 30, 2025, representing an increase of about 9.9% compared to the same period last year[4]. - The profit attributable to the owners of the company for the same period was approximately HKD 7,600,000, a decrease primarily due to expected credit loss impairment on trade receivables[4]. - Basic and diluted earnings per share for the six months ended September 30, 2025, were both approximately HKD 0.34, down from HKD 1.13 for the same period in 2024[4]. - For the six months ended September 30, 2025, the company reported a net profit of HKD 7,582,001, compared to HKD 24,786,049 for the same period in 2024, representing a decrease of approximately 69.4%[8]. - Total revenue from continuing operations for the six months ended September 30, 2025, was HKD 24,774,825, an increase of 10% from HKD 22,541,160 in 2024[15]. - The company reported a net loss from expected credit loss impairment of HKD 6,364,682 for the six months ended September 30, 2025, compared to a gain of HKD 13,630,431 in the same period last year[5]. - The group reported a net profit of HKD 7,582,001 for the six months ended September 30, 2025, reflecting a strong performance despite other operating expenses of HKD 2,599,060[19]. Assets and Liabilities - Total assets less current liabilities amounted to HKD 187,728,182 as of September 30, 2025, compared to HKD 181,188,666 as of March 31, 2025[7]. - The company's net asset value increased to HKD 186,403,255 as of September 30, 2025, up from HKD 179,006,042 as of March 31, 2025[7]. - The total assets as of September 30, 2025, amounted to HKD 236,798,861, with segment assets in securities and futures brokerage at HKD 165,525,930[20]. - The group’s liabilities totaled HKD 50,395,606, with segment liabilities in securities and futures brokerage at HKD 39,180,607[20]. - The balance of shareholder loans as of September 30, 2025, was HKD 1,350,000, down from HKD 4,500,000 at the beginning of the period due to repayments of HKD 3,150,000[51]. Cash Flow and Financing - The company experienced a net cash outflow from operating activities of HKD 4,449,755 for the six months ended September 30, 2025, compared to a cash inflow of HKD 15,489,209 in 2024[9]. - The cash and cash equivalents at the end of the period were HKD 1,737,461, down from HKD 11,277,168 at the beginning of the period, reflecting a decrease of approximately 84.6%[9]. - The company’s financing costs decreased to HKD 195,667 for the six months ended September 30, 2025, down from HKD 647,169 in the same period last year[5]. - The company’s financing activities resulted in a cash outflow of HKD 4,625,222 for the six months ended September 30, 2025, compared to a significantly higher outflow of HKD 25,006,998 in 2024[9]. Dividends and Shareholder Information - The board of directors did not recommend the payment of an interim dividend for the six months ended September 30, 2025, consistent with the previous year[4]. - The group did not recommend an interim dividend for the six months ended September 30, 2025, consistent with the previous period[27]. - Major shareholder Zillion Profit Limited holds 1,500,000,000 shares, representing 68.18% of the company's issued share capital[89]. Credit Quality and Trade Receivables - Trade receivables increased to HKD 133,480,760 as of September 30, 2025, compared to HKD 118,640,549 as of March 31, 2025[6]. - The expected credit loss provision for the period was HKD 4,246,619, a decrease from HKD 10,870,446 as of March 31, 2025, reflecting improved credit quality[34]. - The company has established a credit limit for each customer, which is subject to regular review to manage credit risk effectively[38]. - The company’s management believes that the credit quality of trade receivables remains stable, with no need for impairment provisions due to the large and unrelated customer base[35]. Operational Highlights - The company reported a significant increase in commission and brokerage fees from securities trading, totaling HKD 2,889,640 for the six months ended September 30, 2025, up from HKD 1,868,703 in 2024, marking a growth of approximately 54.4%[15]. - Securities and futures brokerage income increased by approximately 54.6% from HKD 1,900,000 for the six months ending September 30, 2024, to about HKD 2,900,000 for the six months ending September 30, 2025[55]. - Total trading volume for securities transactions rose by approximately 119.0% from HKD 29,907,500,000 to HKD 65,502,600,000 during the same periods[55]. Corporate Governance - The company is committed to high standards of corporate governance and has adhered to all applicable codes, with some deviations noted regarding the separation of roles between the chairman and CEO[94]. - The audit committee has been established to review and supervise the financial reporting procedures and internal controls of the group[98]. - The committee consists of three independent non-executive directors: Mr. Pan Wing Chuen, Ms. Lau Ka Nam, and Mr. Lam Chi Cheng[98]. Future Outlook - The group aims to expand its brokerage and underwriting business by broadening its customer base and enhancing its trading platform[73]. - The group will continue to explore potential investment opportunities to enhance profitability[72].

Core Viewpoint - Changli Holdings (08098.HK) expects a significant decrease in shareholder profit for the six months ending September 30, 2025, with an estimated profit of approximately HKD 7.6 million, compared to an estimated profit of about HKD 24.8 million for the six months ending September 30, 2024 [1] Financial Performance - The anticipated profit decline is primarily attributed to expected losses from impairment of receivables, with approximately HKD 2.6 million loss from loans and HKD 4.2 million loss from trade receivables [1]

Core Viewpoint - Changli Holdings (08098) anticipates a significant decrease in shareholder profit for the six months ending September 30, 2025, with an expected profit of approximately HKD 7.6 million, compared to an estimated profit of HKD 24.8 million for the six months ending September 30, 2024 [1] Financial Performance - The company expects a reduction in profit primarily due to anticipated impairments in receivables, with expected losses of approximately HKD 2.6 million from loans and HKD 4.2 million from trade receivables [1]

Core Viewpoint - Changli Holdings (08098) expects a significant decrease in shareholder profit for the six months ending September 30, 2025, with an estimated profit of approximately HKD 7.6 million, compared to an estimated profit of about HKD 24.8 million for the six months ending September 30, 2024 [1] Financial Performance - The anticipated profit decline is primarily attributed to expected impairments in receivables under the credit model, with losses estimated at approximately HKD 2.6 million for loans receivable and HKD 4.2 million for trade receivables [1]