Group 1 - The core viewpoint of the article is that Bailida Group Holdings (08179) reported a significant decline in its mid-term performance for 2025, with revenues and net profits dropping sharply compared to the previous year [1] Group 2 - The company reported revenues of HKD 64.368 million, representing a year-on-year decrease of 70.58% [1] - The net profit for the period was HKD 1.032 million, which is a staggering decline of 96.86% year-on-year [1] - Earnings per share were reported at HKD 0.0005 [1]

Core Viewpoint - Bailida Group Holdings (08179) reported a significant decline in its mid-year performance for 2025, with revenues and net profits dropping sharply compared to the previous year [1] Financial Performance - The company reported revenues of HKD 64.368 million, representing a year-on-year decrease of 70.58% [1] - Net profit stood at HKD 1.032 million, reflecting a substantial year-on-year decline of 96.86% [1] - Earnings per share were reported at HKD 0.0005 [1]

[Interim Results Announcement](index=1&type=section&id=Interim%20Results%20Announcement) [Announcement Details](index=1&type=section&id=Announcement%20Details) Palinda Group Holdings Limited announced its unaudited condensed consolidated interim results for the six months ended June 30, 2025, complying with GEM Listing Rules disclosure requirements - This announcement contains the company's full 2025 interim report, complying with GEM Listing Rules for preliminary interim results announcements[3](index=3&type=chunk) - The Board of Directors includes executive directors Ms. Wong Wai (Chairperson) and Mr. Dou Sheng, and independent non-executive directors Mr. Wu Tsz King, Mr. So Yat Chuen, and Ms. Cheng Wai[4](index=4&type=chunk) [GEM Listing Features and Disclaimer](index=2&type=section&id=GEM%20Listing%20Features%20and%20Disclaimer) [GEM Features](index=2&type=section&id=GEM%20Features) The GEM market provides a listing platform for small and medium-sized companies with higher investment risks, requiring investors to understand potential risks and make prudent decisions; GEM securities may face significant market volatility and liquidity cannot be guaranteed - GEM provides a listing market for small and medium-sized companies with higher investment risks compared to other listed companies on the Stock Exchange[5](index=5&type=chunk) - GEM securities may be subject to significant market volatility and high liquidity cannot be guaranteed[5](index=5&type=chunk) [Company Information](index=3&type=section&id=Company%20Information) [Board and Key Personnel](index=3&type=section&id=Board%20and%20Key%20Personnel) The company's Board of Directors comprises two executive directors (Ms. Wong Wai as Chairperson) and three independent non-executive directors, with details on compliance officer, authorized representatives, company secretary, and committee members - Executive Directors: Ms. Wong Wai (Chairperson), Mr. Dou Sheng[6](index=6&type=chunk) - Independent Non-Executive Directors: Mr. Wu Tsz King, Mr. So Yat Chuen, Ms. Cheng Wai[6](index=6&type=chunk) - Mr. Wu Tsz King chairs the Audit Committee, while Mr. So Yat Chuen chairs both the Remuneration Committee and Nomination Committee[6](index=6&type=chunk) [Corporate Details](index=4&type=section&id=Corporate%20Details) The company is registered in the Cayman Islands, with its Hong Kong head office in Hung Hom, Kowloon; its share registrar is Union Registrars Limited, website www.palinda.com, and GEM stock code 8179 - Registered office is located at Cricket Square, Cayman Islands[7](index=7&type=chunk) - Hong Kong head office, headquarters, and principal place of business are located at Unit 306-A201, 3/F, Tower 1, Harbour Centre, 1 Hok Cheung Street, Hung Hom, Kowloon, Hong Kong[7](index=7&type=chunk) - GEM stock code is **8179**[7](index=7&type=chunk) [Condensed Consolidated Financial Statements](index=5&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=5&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the six months ended June 30, 2025, the Group's revenue significantly decreased, leading to a substantial reduction in profit for the period and earnings per share, with other comprehensive income primarily affected by exchange differences Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (For the six months ended June 30) | Metric | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Revenue | 64,368 | 218,804 | | Cost of sales | (55,795) | (170,466) | | Gross profit | 8,573 | 48,338 | | Profit before tax | 1,397 | 39,135 | | Income tax expense | (365) | (6,317) | | Profit for the period | 1,032 | 32,818 | | Total comprehensive income for the period | 1,032 | 32,968 | | Basic and diluted earnings per share (HK cents) | 0.05 | 2.73 | - Interim revenue for 2025 significantly decreased by approximately **70.6%**, from **HK$218,804 thousand** to **HK$64,368 thousand**[8](index=8&type=chunk) - Profit for the period sharply declined from **HK$32,818 thousand** in interim 2024 to **HK$1,032 thousand** in interim 2025, a decrease of approximately **96.9%**[8](index=8&type=chunk) [Condensed Consolidated Statement of Financial Position](index=7&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the Group's total assets and total equity slightly increased, with net current assets remaining stable; inventory remains the largest current asset, and borrowings are the primary current liability Condensed Consolidated Statement of Financial Position (As at June 30, 2025) | Metric | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Non-current assets | 86 | 440 | | Current assets | 581,866 | 579,730 | | Inventories | 571,071 | 561,570 | | Bank balances and cash | 2,613 | 7,298 | | Current liabilities | 142,384 | 141,621 | | Borrowings | 116,894 | 116,894 | | Net current assets | 439,482 | 438,109 | | Net assets | 439,568 | 438,536 | | Total equity | 439,568 | 438,536 | - Inventories constitute a very high proportion of current assets, reaching **HK$571,071 thousand**, a slight increase from the end of 2024[11](index=11&type=chunk) - Bank balances and cash decreased from **HK$7,298 thousand** at the end of 2024 to **HK$2,613 thousand**[11](index=11&type=chunk) [Condensed Consolidated Statement of Changes in Equity](index=9&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) For the six months ended June 30, 2025, equity attributable to owners of the company slightly increased due to profit for the period; in the same period of 2024, equity changes were primarily influenced by share issuance and profit for the period Condensed Consolidated Statement of Changes in Equity (For the six months ended June 30) | Metric | June 30, 2025 (HK$ thousand) | June 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Equity attributable to owners of the Company (End of period) | 439,568 | 422,759 | | Profit and other comprehensive income for the period | 1,032 | 32,968 | | Shares issued under subscription agreement (2024) | - | 23,683 | | Expenses for share issuance (2024) | - | (59) | - In the first half of 2025, equity attributable to owners of the company increased from **HK$438,536 thousand** at the beginning of the year to **HK$439,568 thousand**, primarily due to profit for the period[13](index=13&type=chunk) - In the same period of 2024, total equity significantly increased due to share issuance (**HK$23,683 thousand**) and total comprehensive income for the period (**HK$32,968 thousand**)[13](index=13&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) For the six months ended June 30, 2025, the Group generated net cash outflows from operating, investing, and financing activities, resulting in a significant decrease in cash and cash equivalents at period-end Condensed Consolidated Statement of Cash Flows (For the six months ended June 30) | Metric | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Net cash used in operating activities | (4,531) | (6,001) | | Net cash (used in) / generated from investing activities | (103) | 675 | | Net cash (used in) / generated from financing activities | (51) | 5,417 | | Net (decrease) / increase in cash and cash equivalents | (4,685) | 91 | | Cash and cash equivalents at end of period | 2,613 | 3,459 | - Net cash outflow from operating activities in the first half of 2025 was **HK$4,531 thousand**, an improvement compared to **HK$6,001 thousand** in the same period of 2024[16](index=16&type=chunk) - Cash and cash equivalents at period-end decreased from **HK$7,298 thousand** at the beginning of the period to **HK$2,613 thousand**, a net decrease of **HK$4,685 thousand**[16](index=16&type=chunk) [Notes to the Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) [General Information](index=11&type=section&id=General%20Information) Palinda Group Holdings Limited is incorporated in the Cayman Islands and listed on GEM of the Hong Kong Stock

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7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: 百利達集團控股有限公司 呈交日期: 2025年8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) | 08179 | 說明 | 普通股 | | | | | | | | | | 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 | | 0.1 | HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 | ...

ANNUAL REPORT 2024 年報 PALINDA GROUP HOLDINGS LIMITED 股份代號: 8179 (於開曼群島註冊成立之有限公司) 年 報 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不發表任何 聲明，並明確表示概不就因本報告全部或任何部份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。 百利達集團控股有限公司（「本公司」）之各董事（「董事」）乃遵照聯交所GEM證券上市規則（「GEM上市 規則」）的規定而提供有關本公司的資料，願就本報告共同及個別承擔全部責任，並在作出一切合理查 詢後確認，就彼等所深知及確信，本報告所載資料在各重大方面均屬準確完備，且並無誤導或欺詐成 份，亦無遺漏其他事項，以致本報告所載任何陳述或本報告有所誤導。 1 百利達集團控股有限公司 二零二四年年報 目錄 | | 頁次 | | --- | --- | | 公司資料 | 3 | | 主席報告書 | 4 | | 管理層討論及分析 | 6 | | 董事報告 | 11 | | 企業管治報告 | 23 | | 獨立核數師報告 | 34 | | 綜合損益及其他全面收益表 | 3 ...

Financial Performance - For the fiscal year ending December 31, 2024, the group's revenue was approximately HKD 462.0 million, an increase of about 39.0% compared to the previous year[10]. - The wine business generated significant revenue of approximately HKD 461.7 million, up from HKD 332.2 million in the previous year, making it the largest revenue segment[11]. - The food business, which began operations in 2024, recorded revenue of HKD 0.2 million, compared to zero in the previous year[12]. - The net profit for 2024 was approximately HKD 1.3 million, a significant improvement from a loss of about HKD 8.7 million in 2023, primarily due to gains from the sale of subsidiaries[28]. - Total revenue for the year ended December 31, 2024, was HKD 461,983,000, an increase of 39% from HKD 332,244,000 in 2023[161]. - Gross profit decreased to HKD 13,342,000 from HKD 20,252,000, representing a decline of 34%[161]. - Total comprehensive income for the year was HKD 1,284,000, compared to a loss of HKD 8,669,000 in the previous year[163]. - Basic and diluted earnings per share improved to HKD 0.09 from a loss of HKD 0.84 in 2023[163]. Cost and Profitability - The gross profit margin for the wine business decreased from approximately 6.1% in 2023 to about 2.9% in 2024 due to discounts and promotional sales strategies[11]. - The cost of sales and consumed inventory rose to approximately HKD 448.6 million in 2024, an increase of about 43.8% from HKD 312.0 million in 2023[21]. - Employee benefit expenses increased by approximately 36.8% to about HKD 3.9 million in 2024, up from HKD 2.8 million in 2023, due to hiring more marketing staff[24]. - Financial costs rose to HKD 7,699,000 from HKD 6,810,000, an increase of 13%[161]. - The total cost of sales and consumed inventory was HKD 448,641,000, up from HKD 311,992,000, reflecting a 44% increase[161]. Operational Strategy - The company plans to maintain a cautious operational strategy in 2025 due to uncertain economic conditions, focusing on profitability and stable operations[14]. - The company is committed to actively controlling operational costs and seeking potential investment opportunities to diversify its business portfolio[14]. - The group plans to implement measures to strengthen cost control over operating expenses to enhance operational efficiency and improve future cash flow[182]. Market and Competitive Landscape - The company faces significant market risks, including fluctuations in costs and exchange rates, which could adversely affect financial performance[53]. - The competitive landscape in the Hong Kong wine industry remains intense, necessitating continuous efforts to manage procurement costs and quality[60]. - Over 99% of the wine business revenue is derived from sales channels in Hong Kong[62]. Corporate Governance - The board consists of five members, including two executive directors and three independent non-executive directors, ensuring a balance of expertise and independence[109]. - The roles of the chairman and CEO are clearly separated to ensure independence and accountability, with the CEO position remaining vacant since the previous CEO's resignation[110]. - The company has adopted a board diversity policy to enhance effectiveness, considering factors such as gender, age, cultural background, and professional experience[116]. - The audit committee includes three independent non-executive directors, ensuring oversight of risk management and internal controls[105]. - The company is committed to continuous improvement in corporate governance practices to align with operational growth and legal requirements[108]. Financial Position and Liquidity - The company's total equity increased to approximately HKD 438.5 million in 2024 from HKD 366.2 million in 2023[30]. - The debt-to-equity ratio improved to approximately 25% in 2024 from 34% in 2023[33]. - The group recorded a net cash outflow from operating activities of approximately HKD 99,775,000 as of December 31, 2024[137]. - The group's bank and cash on hand amounted to HKD 7,298,000, while borrowings and interest payable were approximately HKD 116,894,000 and HKD 3,175,000, respectively[137]. - The group has overdue bank borrowings of HKD 90,000,000 and corresponding interest payable of HKD 2,715,000, secured by inventory valued at HKD 300,000,000[137]. Shareholder and Dividend Policy - No interim dividends were declared or paid during the year, consistent with 2023[49]. - The board does not recommend the payment of a final dividend for the year, similar to 2023[50]. - The company has adopted a dividend policy where the total annual dividend shall not exceed 20% of the consolidated annual net profit attributable to shareholders, excluding special items[140]. Employee and Management - The company had over 15 employees as of December 31, 2024, an increase from 14 in 2023[41]. - The salary range for senior management includes five individuals earning below HKD 1,000,000[86]. - All directors received training on their duties and responsibilities, ensuring compliance with the latest GEM listing rules and corporate governance practices[120]. Risk Management - The board is responsible for the risk management and internal control systems, which are reviewed for effectiveness annually[135]. - The company is exposed to employee retention risks, which could impact business expansion and long-term goals[54]. - The group’s ability to continue as a going concern is subject to significant uncertainty due to its management's ability to implement plans and measures[181].

PALINDA GROUP HOLDINGS LIMITED 百利達集團控股有限公司 (於開曼群島註冊成立之有限公司) 股份代號: 8179 202 中 期 報 告 2008 CABERNET SAUVIGNON PALINDA WINES PA 2011 MERLOT PAUNDA WINE CABERNET MERLOT 香港聯合交易所有限公司（「聯交所」）GEM 的特色 GEM 的定位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的中小型公司提供一 個上市的市場。有意投資之人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的 考慮後方作出投資決定。 由於GEM 上市公司普遍為中小型公司，在GEM 買賣之證券可能會較於主板買賣之證券承 受較大的市場波動風險，同時無法保證在GEM 買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示概不就因本報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。 百利達集團控股有限公司（「本公司」）之各董事（「董事」）乃遵照聯交所GEM 證券上市規 則（「GEM ...

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，並明確表示概不就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。 PALINDA GROUP HOLDINGS LIMITED 截至二零二四年六月三十日止六個月之 中期業績公告 百利達集團控股有限公司（「本公司」及其附屬公司，「本集團」）董事（「董事」）會 （「董事會」）欣然公佈本集團截至二零二四年六月三十日止六個月之中期未經審核 綜合業績。本公佈載有本公司二零二四年中期報告（「二零二四年中期報告」）全文， 符合香港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」）有關中期業 績初步公告所附資料的相關規定。 承董事會命 百利達集團控股有限公司 主席兼執行董事 黃巍 香港，二零二四年八月十六日 於本公告日期，本公司董事會由執行董事黃巍女士及竇勝先生，及獨立非執行董 事胡子敬先生、蘇溢泉先生及鄭蕙女士組成。 董事乃遵照GEM上市規則的規定而提供有關本公司的資料，願就本公告共同及個 別承擔全部責任，並在作出一切合理查詢後確認，就彼等所深知及確信，本公告所 載資料在各重 ...

Fundraising and Utilization - The company approved a rights issue of 293,288,167 shares at a subscription price of HKD 0.10 per share, aiming to raise approximately HKD 25.9 million for operational funding in the Hong Kong wine trade[1]. - As of December 31, 2023, the net proceeds of HKD 25.9 million from the rights issue have been fully utilized, with no discrepancies between intended and actual use[5]. - The allocation of the raised funds includes HKD 18.4 million for loan repayment and other payables, HKD 4 million for business development expenses, and HKD 3.5 million for working capital[7]. Business Development Expenditures - Specific expenditures under business development include HKD 1.67 million for five wine tasting events and HKD 2.33 million for sponsoring seven cultural exchange activities[7]. - Administrative expenses accounted for HKD 655,000, while legal and professional fees totaled HKD 435,000, and financial costs reached HKD 2.41 million[7].

Financial Performance - The group's revenue for the fiscal year 2023 was approximately HKD 332.2 million, representing an increase of about 25.5% compared to the previous year[9]. - The wine business generated significant revenue growth, increasing from approximately HKD 262.0 million in 2022 to about HKD 332.2 million in 2023[10]. - The food business reported no revenue in 2023, down from HKD 2.7 million in 2022, but the company remains optimistic about future opportunities in the food market[11]. - The wine business segment achieved revenue of approximately HKD 332.2 million in 2023, up 25.5% from approximately HKD 264.7 million in 2022[20]. - The company recorded a loss of approximately HKD 8.7 million in 2023, compared to a profit of approximately HKD 6.6 million in 2022[29]. - The company reported a net loss of HKD 8,699,000 for the year, compared to a profit of HKD 6,550,000 in the previous year, indicating a significant decline in profitability[175]. - Total comprehensive loss for the year was HKD 8,669,000, compared to a comprehensive income of HKD 6,013,000 in 2022[177]. Profitability and Margins - The gross profit margin for the wine business decreased from approximately 9.2% in 2022 to about 6.1% in 2023 due to discounts and promotional sales strategies[10]. - The wine business segment reported a profit of approximately HKD 0.8 million in 2023, down from approximately HKD 10.8 million in 2022[18]. - The gross profit margin decreased from approximately 9.2% in 2022 to approximately 6.1% in 2023 due to discounts and sales promotions[29]. Costs and Expenses - The cost of sales increased by approximately 29.9% to about HKD 312.0 million in 2023, up from approximately HKD 240.2 million in 2022[22]. - Administrative expenses decreased by approximately 15.8% to about HKD 9.6 million in 2023, down from approximately HKD 11.4 million in 2022[26]. - Financial costs increased by approximately 41.7% to about HKD 6.8 million in 2023, up from approximately HKD 4.8 million in 2022[27]. Assets and Liabilities - The company's total equity increased to approximately HKD 366.2 million in 2023 from approximately HKD 355.8 million in 2022[31]. - The company's total liabilities increased to HKD 129,716,000 from HKD 114,235,000, indicating a rise of 13.6%[179]. - The company's non-current assets decreased to HKD 46,076,000 from HKD 55,984,000, a decline of 17.7%[179]. Market and Business Outlook - The board anticipates that 2024 will be a challenging year for both the wine and food businesses due to potential global economic recession, but expects that the reopening of mainland China may revitalize the market[13]. - The company is actively seeking investment opportunities to diversify its business portfolio and expand revenue sources[13]. - The company faces significant market risks, including fluctuations in costs due to political and trade tensions affecting market sentiment[52]. Corporate Governance - The board consists of five members, including two executive directors and three independent non-executive directors, ensuring a balance of expertise and independence[114]. - The company has adopted a board diversity policy to enhance effectiveness, considering factors such as gender, age, cultural background, and professional experience[122]. - The roles of the chairman and CEO are clearly separated to ensure independence and accountability within the management structure[115]. - The audit committee includes three independent non-executive directors, enhancing oversight of risk management and internal controls[111]. Shareholder Information - The company did not declare or pay any interim dividends for the year, similar to the previous year[48]. - The board does not recommend the payment of a final dividend for the year, consistent with the previous year[49]. - The company has established a code of conduct for directors' securities transactions, ensuring compliance with trading standards[106]. Compliance and Regulations - The company is committed to environmental sustainability and adheres to relevant environmental laws and regulations[64]. - The company has complied with all relevant laws and regulations without any significant violations during the year[65]. - The independent auditor's report confirms that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2023[159]. Future Plans and Changes - The company plans to increase its authorized share capital from 1,000,000,000 shares to 10,000,000,000 shares by issuing an additional 9,000,000,000 shares[157]. - The company has adopted revised articles of association to comply with the latest legal and regulatory requirements, which were approved at the annual general meeting on June 8, 2023[157].