HONG KONG ZCLOUD TECHNOLOGY CONSTRUCTION LIMITED 香港智雲科技建設有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註册成立之有限公司） （Stock Code 股份代號：9900） Notes: 各位非登記股東 （附註1） NOTIFICATION LETTER 通知信函 Dear Non-registered shareholder(s) (Note 1) , 29 December 2025 Hong Kong ZCloud Technology Construction Limited (the "Company") – Notice of publication of Interim Report 2025-26 (the "Current Corporate Communication(s)") The English and Chinese versions of the Company's Current Corporate Communication(s ...

HONG KONG ZCLOUD TECHNOLOGY CONSTRUCTION LIMITED 香港智雲科技建設有限公司 （於開曼群島註冊成立之有限公司） 股份代號：9900 中期報告 Interim Report 2025-26 2025-26 (Incorporated in the Cayman Islands with limited liability) Stock Code : 9900 HONG KONG ZCLOUD TECHNOLOGY CONSTRUCTION LIMITED 香港智雲科技建設有限公司 2025-26 INTERIM REPORT HONG KONG ZCLOUD TECHNOLOGY CONSTRUCTION LIMITED 香港智雲科技建設有限公司 目錄 中 期 報 告 3 公司資料 5 管理層討論及分析 13 簡明綜合損益及其他全面收益表 14 簡明綜合財務狀況表 16 簡明綜合權益變動表 17 簡明綜合現金流量表 18 簡明綜合中期財務報表附註 34 其他資料 簡稱 於本中報內，除文義另有所指外，下列簡稱具有以下涵義： | 「細則」 | 指 | 本公司組織章程細則 ...

截至月份: 2025年11月30日 狀態: 新提交 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: 香港智雲科技建設有限公司 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) | 09900 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 6,240,000,000 | HKD | | 0.00125 | HKD | | 7,800,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 6,240,000,000 | HKD | | 0.00125 | HKD | | 7,800,000 | 本月 ...

Core Viewpoint - The company reported a decline in revenue and profit for the six months ending September 30, 2025, primarily due to increased costs associated with additional engineering work and rising material costs [1] Financial Performance - The company achieved revenue of HKD 565 million, a year-on-year decrease of 8.9% [1] - Profit attributable to owners was HKD 3.428 million, reflecting a significant year-on-year decline of 79.42% [1] - Earnings per share were reported at HKD 0.12 [1] Cost Factors - The decrease in profit was mainly attributed to additional costs incurred during the completion of several building service projects [1] - Rising material costs contributed to a reduction in gross profit [1]

Core Points - The company reported a revenue of HKD 565 million for the six months ending September 30, 2025, representing a year-on-year decrease of 8.9% [1] - Profit attributable to the company's owners was HKD 3.428 million, down 79.42% compared to the previous year [1] - Earnings per share were HKD 0.12 [1] Financial Performance - Revenue decreased to HKD 565 million, reflecting a decline of 8.9% year-on-year [1] - The profit attributable to owners saw a significant drop of 79.42%, amounting to HKD 3.428 million [1] - The earnings per share stood at HKD 0.12 [1] Reasons for Performance - The decrease in profit is primarily attributed to additional costs incurred during the completion of several building service projects [1] - Rising material costs have also contributed to a reduction in gross profit [1]

Core Viewpoint - The company reported a revenue of approximately HKD 565 million for the first half of 2025, representing a year-on-year decrease of 8.9% primarily due to a decline in revenue from RMAA services, which outweighed the increase in revenue from building construction service verifications [1] Financial Performance - The company recorded a profit attributable to owners of approximately HKD 3.4 million, a significant decrease from HKD 16.7 million for the period ending September 30, 2024 [1] - Basic earnings per share were HKD 0.12, down from HKD 0.56 (restated) for the same period in the previous year [1] - The board has resolved not to recommend the payment of an interim dividend for the first half of 2025, consistent with the previous year [1] Reasons for Profit Decline - The decrease in profit was mainly due to: 1. Increased costs and material expenses incurred during the completion of several building construction projects, leading to a reduction in gross profit 2. A decline in the fair value increase of financial assets measured at fair value through profit or loss 3. Impairment losses under the expected credit loss model, net of increased reversals 4. The overall impact of reduced administrative expenses during the period [1]

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 565,340,000, a decrease of 8.9% from HKD 620,583,000 in the same period of 2024[3]. - Gross profit for the same period was HKD 18,047,000, down 42.3% from HKD 31,264,000 year-on-year[3]. - The company recorded a pre-tax profit of HKD 5,626,000, a significant decline of 75.5% compared to HKD 23,025,000 in the previous year[3]. - Net profit for the period was HKD 4,831,000, a decrease of 75.7% from HKD 19,904,000 in the prior year[3]. - Basic earnings per share were HKD 0.12, down from HKD 0.56 in the same period last year, representing a decline of 78.6%[3]. - The group’s attributable profit to owners was approximately HKD 3.4 million, a significant decrease of 79.6% from HKD 16.7 million in the same period last year[30]. - The group’s gross profit decreased by 42.5% to approximately HKD 18.0 million, with a gross profit margin of about 3.2%, down from 5.0% in the previous year[24]. Revenue Breakdown - Revenue from building construction services was HKD 276,500,000, an increase of 30.1% from HKD 212,544,000 in the previous year[9]. - Revenue from RMAA services was HKD 288,840,000, a decrease of 29.2% from HKD 408,039,000 in the same period last year[9]. Assets and Liabilities - Total assets as of September 30, 2025, were HKD 393,950,000, a decrease from HKD 425,254,000 as of March 31, 2025[4]. - Trade receivables as of September 30, 2025, amounted to HKD 50,853,000, a decrease of 50.8% from HKD 103,156,000 as of March 31, 2025[14]. - Total trade and other payables as of September 30, 2025, were HKD 77,897,000, down 30.8% from HKD 112,554,000 as of March 31, 2025[17]. - The company's contract assets, which include retention receivables and unbilled revenue, totaled HKD 101,709,000 as of September 30, 2025, down from HKD 128,270,000 as of March 31, 2025[10]. Cash Flow and Equity - The company's cash and bank deposits increased to HKD 195,038,000 from HKD 134,778,000, reflecting a growth of 44.5%[4]. - The company reported a total equity of HKD 303,859,000, up from HKD 299,028,000 at the end of the previous reporting period[5]. - The group maintained a strong current ratio of approximately 4.2 times, with current assets of about HKD 394.0 million as of September 30, 2025[32]. - The group’s debt-to-equity ratio decreased to approximately 0.5% from 0.6% as of March 31, 2025, due to a greater percentage decline in lease liabilities compared to the increase in profit[34]. Expenses and Costs - Administrative expenses were approximately HKD 12.0 million, a reduction of 22.6% compared to HKD 15.5 million in the first half of 2024[26]. - The financing costs increased to approximately HKD 31,000 from HKD 7,000 in the previous year, primarily due to increased interest expenses from renewed office lease agreements[28]. - Other income and losses were approximately HKD 2.4 million, down from HKD 4.1 million in the previous year, mainly due to a decline in the fair value increase of financial assets[25]. Dividends and Shareholder Information - The company did not declare or recommend any interim dividends for the six months ended September 30, 2025, consistent with the previous year[12][19]. - The group did not propose any interim dividend for the first half of 2025, consistent with the previous year[31]. - The weighted average number of ordinary shares for calculating basic earnings per share was 2,976,000,000 for the six months ended September 30, 2025, unchanged from the previous period[13]. Corporate Governance and Changes - The company has adhered to the corporate governance code, with a noted deviation regarding the roles of the chairman and CEO being held by the same individual[47][48]. - The company's interim financial statements for the six months ending September 30, 2025, were reviewed by the audit committee and formally approved by the board[50]. - The company changed its name from "GAIN PLUS HOLDINGS LIMITED" to "HONG KONG ZCLOUD TECHNOLOGY CONSTRUCTION LIMITED" effective May 15, 2025[44]. - The company approved a share split, converting each existing share of HKD 0.01 into eight shares of HKD 0.00125, effective August 19, 2025, resulting in a total share capital of HKD 7,800,000[45]. Market Conditions - The construction industry in Hong Kong continues to face challenges due to global economic uncertainty and a sluggish residential market, impacting new development projects[46]. - Despite ongoing demand for property maintenance and renovation services, the company faces significant competition in securing contracts[46]. - The company will maintain a cautious approach in deploying surplus funds to explore viable business opportunities for long-term shareholder value[46]. Other Information - The company has no pledged assets as of September 30, 2025, similar to the situation on March 31, 2025[43]. - As of September 30, 2025, the company reported no significant contingent liabilities, consistent with the previous period[41]. - There were no purchases, sales, or redemptions of the company's listed securities during the six-month period ending September 30, 2025[51].

Core Viewpoint - The company expects a significant decrease in profit for the first half of 2025 compared to the previous period, primarily due to increased costs associated with additional engineering work and rising material costs [1] Financial Performance - For the six months ending September 30, 2024, the company reported a profit of approximately HKD 16.7 million [1] - The expected profit for the first half of 2025 is projected to be no less than HKD 3.2 million [1] - This indicates a substantial decline in profit expectations for the upcoming period [1] Cost Factors - The decrease in expected profit is attributed to two main factors: 1. Additional costs incurred from extra engineering work during the completion of several building service projects [1] 2. Increased material costs leading to a reduction in gross profit [1]

Group 1 - The core viewpoint of the article indicates that Zhiyun Technology Construction (09900.HK) expects a significant decrease in profit for the first half of 2025, projecting a profit attributable to shareholders of no less than HKD 3.2 million, compared to approximately HKD 16.7 million for the six months ending September 30, 2024 [1] Group 2 - The anticipated decrease in profit is primarily attributed to additional costs incurred from extra work during the completion of certain building services projects [1] - Another contributing factor to the reduced profit is the increase in material costs, which has led to a decrease in gross profit [1]

Core Viewpoint - The company anticipates a significant decrease in profit for the first half of 2025, projecting a profit attributable to shareholders of at least HKD 3.2 million, compared to approximately HKD 16.7 million for the same period ending September 30, 2024 [1] Group 1 - The expected profit decline is primarily due to additional costs incurred from extra work during the completion of several building service projects [1] - Rising material costs have contributed to a reduction in gross profit [1]