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 | | | 致：香港交易及結算所有限公司 公司名稱: 熒德控股有限公司 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) | 08535 | 說明 | 無 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,800,000,000 | HKD | | 0.01 | HKD | | 38,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 3,800,000,000 | HKD | | 0.01 | HKD | | 38,000,000 | 本月底法定/註冊股本總額： HKD 38,000,000 ...

VISTAR HOLDINGS LIMITED 熒德控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） （Stock Code股份代號：8535） NOTIFICATION LETTER 通知信函 21 November 2025 Dear Non-registered Holder(s)(Note 1), 各位非登記股東 （附註1） ： 熒 德 控 股 有 限 公 司（「本 公 司」） －2025中 期 業 績 報 告（「本 次 公 司 通 訊」）之 刊 發 通 知 本公司的本次公司通訊之中、英文版本已分別上載於本公司網站(www.vistarholdings.com)及 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」） 之網站(www.hkexnews.hk)（「網站版本」）。本 公 司 建 議 閣 下 閱 覽 本 公 司 本 次 公 司 通 訊 的 網 站 版 本。 Vistar Holdings Limited (the "Company") – Notice of public ...

VISTAR HOLDINGS LIMITED 熒德控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） （Stock Code股份代號：8535） NOTIFICATION LETTER 通知信函 21 November 2025 Dear Registered Shareholders, Vistar Holdings Limited (the "Company") – Notice of publication of 2025 Interim Report (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at www.vistarholdings.com and the website of The Stock ...

2025 中期業績報告 INTERIM REPORT 2025 中期業績報告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，該等公司相比起其他在聯交所上市的公司帶有較高投資風險。有意投資 者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，故在GEM買賣的證券可能會較於聯交所主板買賣之證券承受較高的市場波動風險，同 時無法保證在GEM買賣的證券將會有高流通量的市場。 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。 本報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）之規定而提供有關熒德控股有限公司（「本公司」，連同其附屬公司為 「本集團」）之資料，董事（「董事」）願共同及個別對此負全責。董事經作出一切合理查詢後，確認就彼等所深知及確信，本報告 所載資料在所有重大方面均屬準確及完備，並無誤導或欺詐成份，且本報告並無遺漏任何其他事項致使本報告 ...

Core Viewpoint - Yingde Holdings (08535) reported a mid-term performance for the six months ending September 30, 2025, showing a revenue of approximately HKD 154 million, representing a year-on-year increase of 15%. However, the profit attributable to equity holders decreased by 62.49% to HKD 40.7 million, with basic earnings per share at HKD 0.03 [1] Financial Performance - Revenue for the period was approximately HKD 154 million, reflecting a 15% year-on-year growth [1] - Profit attributable to equity holders was HKD 40.7 million, a significant decrease of 62.49% compared to the previous year [1] - Basic earnings per share were reported at HKD 0.03 [1] Cost and Expense Analysis - The decline in profit was primarily attributed to a decrease in gross profit of approximately HKD 2.52 million from core business operations [1] - The increase in material and labor costs led to a substantial rise in cost of revenue, which outpaced revenue growth [1] - This negative impact was partially offset by a reduction in administrative and other operating expenses, as well as an increase in the reversal of impairment losses on trade receivables and contract assets [1]

Core Viewpoint - Yingde Holdings (08535) reported a mid-term performance for the six months ending September 30, 2025, showing a revenue of approximately HKD 154 million, representing a year-on-year growth of 15%. However, the profit attributable to equity holders decreased by 62.49% to HKD 40.7 million, with basic earnings per share at HKD 0.03 [1] Financial Performance - Revenue for the period was approximately HKD 154 million, reflecting a year-on-year increase of 15% [1] - Profit attributable to equity holders was HKD 40.7 million, a significant decrease of 62.49% compared to the previous year [1] - Basic earnings per share were reported at HKD 0.03 [1] Cost and Expense Analysis - The decline in profit was primarily attributed to a decrease in gross profit of approximately HKD 2.52 million from the core business [1] - The increase in material and labor costs led to a substantial rise in cost of revenue, which outpaced revenue growth [1] - This negative impact was partially offset by a reduction in administrative and other operating expenses, as well as an increase in the reversal of impairment losses on trade receivables and contract assets [1]

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 154.08 million, an increase of approximately 15% from HKD 133.98 million for the same period in 2024[5] - Gross profit for the same period was HKD 13.87 million, a decrease of approximately 15.4% compared to HKD 16.39 million in 2024[5] - Profit attributable to equity holders was HKD 0.41 million, down approximately 62.5% from HKD 1.09 million in the previous year[5] - Basic earnings per share decreased to HKD 0.03, a decline of 66.67% from HKD 0.09 in the prior period[5] - The increase in revenue was primarily driven by a rise in installation service revenue by approximately HKD 9.97 million and an increase in alteration and addition works revenue by approximately HKD 9.36 million[5] - The company experienced a gross profit decline of approximately HKD 2.52 million due to rising material and labor costs, which outpaced revenue growth[5] - For the six months ended September 30, 2025, total revenue from external customers was HKD 154,075,000, an increase from HKD 133,976,000 for the same period in 2024, representing a growth of approximately 15.0%[21][24] - The profit before tax for the six months ended September 30, 2025, was HKD 588,000, compared to HKD 1,284,000 for the same period in 2024, showing a decline of approximately 54.2%[21][22] - The total other income and gains for the six months ended September 30, 2025, were HKD 849,000, compared to HKD 788,000 for the same period in 2024, representing an increase of approximately 7.7%[25] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 161.79 million, compared to HKD 163.59 million as of March 31, 2025[7] - Current assets totaled HKD 311.95 million, an increase from HKD 302.52 million as of March 31, 2025[7] - The company’s net asset value was HKD 158.70 million as of September 30, 2025, compared to HKD 158.29 million as of March 31, 2025[7] - Trade receivables net amount as of September 30, 2025, was HKD 9,484,000, a decrease from HKD 31,884,000 as of March 31, 2025[35] - Contract assets as of September 30, 2025, totaled HKD 225,941,000, up from HKD 198,728,000 as of March 31, 2025[36] - Contract liabilities as of September 30, 2025, were HKD 13,509,000, compared to HKD 15,003,000 as of March 31, 2025[37] - Trade payables as of September 30, 2025, increased to HKD 91,500,000 from HKD 77,236,000 as of March 31, 2025[38] - Total bank borrowings as of September 30, 2025, were HKD 35,780,000, a decrease from HKD 38,765,000 as of March 31, 2025[40] Cash Flow - The net cash generated from operating activities was HKD 12,823,000, down from HKD 17,127,000 in the previous year, indicating a decline of about 25.5%[9] - Cash and cash equivalents at the end of the period were HKD 63,716,000, compared to HKD 66,030,000 at the end of the previous year, reflecting a decrease of approximately 3.9%[9] - The net cash generated from investing activities was HKD 731,000, up from HKD 676,000 in the previous year, reflecting an increase of approximately 8.1%[9] - The cash used in financing activities was HKD 5,535,000, compared to HKD 4,385,000 in the previous year, indicating an increase of about 26.2%[9] Expenses - Administrative and other operating expenses decreased to HKD 13.94 million from HKD 14.79 million in the previous period[6] - The employee cost for the group was approximately HKD 17.22 million for the reporting period, compared to HKD 18.43 million for the six months ended September 30, 2024[76] - The financing costs decreased to HKD 886,000 from HKD 1,184,000, showing a reduction of approximately 25.2%[9] - Administrative and other operating expenses amounted to HKD 13,943,000 for the six months ended September 30, 2025, a decrease from HKD 14,786,000 in the same period of 2024, reflecting a reduction of approximately 5.7%[26] Shareholder Information - The company did not recommend the payment of an interim dividend for the reporting period, consistent with the previous year[32] - The total number of shares that may be issued upon exercise of options under the stock option plan is limited to 10% of the shares issued at the time of the company's listing, which amounts to 120,000,000 shares[45] - The company has not purchased, sold, or redeemed any of its listed shares during the reporting period[93] - The group had a total of 1,200,000,000 shares issued as of September 30, 2025[86] - The company’s total issued share capital as of September 30, 2025, is 1,200,000,000 shares[91] Corporate Governance - The audit committee consists of three independent non-executive directors, ensuring independent review and oversight of financial reporting[100] - The company has adhered to the corporate governance code principles during the reporting period, with a noted deviation regarding the roles of the chairman and CEO[99] - The company is committed to good corporate governance to enhance shareholder value[98] - The board has adopted a revised dividend policy effective from May 17, 2022, stating that the annual dividend distributed to shareholders will not be less than 30% of the group's consolidated net profit attributable to shareholders for any financial year[101] Market Outlook - The group expects strong demand for fire installation services in the future, driven by ongoing public infrastructure projects and urgent housing needs in Hong Kong[56] - The group faced several risks, including economic and political conditions in Hong Kong, which could adversely affect its business and financial performance[78]

呈交日期: 2025年11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) | 08535 | 說明 | 無 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,800,000,000 | HKD | | 0.01 | HKD | | 38,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 3,800,000,000 | HKD | | 0.01 | HKD | | 38,000,000 | 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 | | | 致：香港交易及結算所有限公司 公司名稱: 熒德控股有限公司 本月底法定/註冊股本總額： HKD 38,000,000 ...

荧德控股(08535)发布公告，集团预期截至2025年9月30日止6个月股东应占综合溢利及全面收益总额将 减少至不少于约40万港元，较截至2024年9月30日止6个月纯利约110万港元减少约62.5%。 董事会认为，该变动主要由以下事项所致，包括材料及人力成本上涨，导致集团核心业务的毛利减少， 使报告期间收益成本的增加大幅超过收益增长，以上减幅由行政及其他经营开支减少及贸易应收款项及 合约资产减值亏损拨回增加所抵销。 ...

Core Viewpoint - Yingde Holdings (08535) anticipates a significant decline in net profit and total comprehensive income attributable to shareholders for the six months ending September 30, 2025, projecting a reduction to no less than approximately HKD 400,000, which represents a decrease of about 62.5% compared to the net profit of approximately HKD 1.1 million for the six months ending September 30, 2024 [1] Group 1 - The decline in profit is primarily attributed to rising material and labor costs, which have led to a reduction in the gross profit of the core business [1] - The increase in costs during the reporting period has significantly outpaced revenue growth, contributing to the overall decrease in profitability [1] - The reduction in profit has been partially offset by a decrease in administrative and other operating expenses, as well as an increase in the reversal of impairment losses on trade receivables and contract assets [1]