Group 1 - The company, Kingsoft Holdings (03918), announced a mid-term dividend of HKD 0.0783 per share to be distributed on September 30, 2025 [1]

EF001 EF001 發行人所發行上市權證/可轉換債券的相關信息 發行人所發行上市權證/可轉換債券 不適用 其他信息 其他信息 不適用 發行人董事 於本公告日期，本公司執行董事為曾羽鋒先生及 Philip Lee Wai Tuck 先生；本公司非執行董事為林綺蓮女士；及本公司獨立非執 行董事為Lim Mun Kee先生、Michael Lai Kai Jin 先生及 Leong Choong Wah 先生。 第 2 頁 共 2 頁 v 1.1.1 免責聲明 | 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 公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。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 金界控股有限公司 | | 股份代號 | 03918 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 截至2025年6月30日止六個月中期股息及暫停辦理股份過戶登記手續 | | | 公告日期 | 2025年8 ...

1. 穩定收入增長及利潤提升 根據金界控股有限公司（「本公司」，連同其附屬公司稱為「本集團」）於該期間 的未經審核綜合財務報表，有關半年度財務表現的分析如下： 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。 NAGACORP LTD. 金界控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3918） 截至二零二五年六月三十日止六個月 中期業績公告 截至二零二五年六月三十日止六個月（「該期間」或「二零二五年上半年」）未經審 核簡明綜合中期業績摘要： 1 ‧ 博 彩 總 收 入（「博彩總收入 」）較 去 年 同 期283,400,000美元增長17.2%至 332,300,000美元 ‧ 中場博彩總收入較去年同期192,000,000美元增長20.9%至232,100,000美 元 ‧ 貴賓市場博彩總收入較去年同期91,400,000美元增長9.6%至100,200,000美 元 ‧ 中場分部毛利率（扣除博彩稅）為89.1%，佔博彩總收入69. ...

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。 香港，二零二五年八月十三日 於本公告日期，本公司董事為： 執行董事 曾羽鋒先生及Philip Lee Wai Tuck先生 非執行董事 林綺蓮女士 （於開曼群島註冊成立的有限公司） (股份代號：3918) 董事會會議日期 金界控股有限公司（「本公司」）的董事會（「董事會」）謹此宣佈，本公司將於 二零二五年八月二十五日（星期一）舉行董事會會議，藉以（其中包括）批准本公 司及其附屬公司截至二零二五年六月三十日止六個月的中期業績及其發佈，以及考 慮宣派中期股息（如有）。 承董事會命 金界控股有限公司 主席 Philip Lee Wai Tuck NAGACORP LTD. 金界控股有限公司 獨立非執行董事 Lim Mun Kee先生、Michael Lai Kai Jin先生及Leong Choong Wah先生 ...

中金发布研报称，金界控股将于8月底公布1H25业绩。该行预计公司1H25EBITDA同比增长240%，环比 增长28%；预计公司1H25总博彩收入同比增长20%，环比增长31%。该行认为，公司EBITDA的强劲增 长，主要得益于访客人数与外国直接投资额持续增长带动的复苏好于预期。 金界控股(03918)尾盘涨超5%，截至发稿，涨5%，报4.41港元，成交额4294.51万港元。 该行续指，2025年4月，中国重申中柬紧密合作关系。2024年，柬埔寨吸引外国直接投资总额达到69亿 美元，同比增长40%，其中来自中国的贡献占比持续超过50%，继续居于首位。1H25中国赴柬旅客同比 增长51%，环比增长28%；其中中国商务旅客同比增长46%，环比增长31%。该行认为，中国对柬埔寨 投资额的增加有望带动公司业务量(尤其是贵宾业务)上升，主要得益于商务旅客来访或将更加频繁，以 及可能有更多的外派人员到达柬埔寨，需求有望提升。 ...

智通财经APP获悉，金界控股(03918)尾盘涨超5%，截至发稿，涨5%，报4.41港元，成交额4294.51万港 元。 中金发布研报称，金界控股将于8月底公布1H25业绩。该行预计公司1H25 EBITDA同比增长240%，环 比增长28%；预计公司1H25总博彩收入同比增长20%，环比增长31%。该行认为，公司EBITDA的强劲 增长，主要得益于访客人数与外国直接投资额持续增长带动的复苏好于预期。 该行续指，2025年4月，中国重申中柬紧密合作关系。2024年，柬埔寨吸引外国直接投资总额达到69亿 美元，同比增长40%，其中来自中国的贡献占比持续超过50%，继续居于首位。1H25中国赴柬旅客同比 增长51%，环比增长28%；其中中国商务旅客同比增长46%，环比增长31%。该行认为，中国对柬埔寨 投资额的增加有望带动公司业务量(尤其是贵宾业务)上升，主要得益于商务旅客来访或将更加频繁，以 及可能有更多的外派人员到达柬埔寨，需求有望提升。 ...

Core Viewpoint - The company is expected to report strong growth in EBITDA and total gaming revenue for 1H25, driven by an increase in visitor numbers and foreign direct investment [1][2]. Group 1: Financial Performance - The company anticipates a 240% year-on-year increase in EBITDA for 1H25, reaching $188 million, with a 28% quarter-on-quarter growth [1]. - Total gaming revenue is projected to grow by 20% year-on-year and 31% quarter-on-quarter in 1H25 [1]. - EBITDA forecasts for 2025 and 2026 have been raised by 16% to $382 million and $455 million, respectively [2]. Group 2: Visitor Trends and Investment - The number of Chinese visitors to Cambodia increased by 51% year-on-year and 28% quarter-on-quarter in 1H25, with business travelers up by 46% year-on-year and 31% quarter-on-quarter [1]. - Cambodia attracted $6.9 billion in foreign direct investment in 2024, a 40% increase from the previous year, with over 50% of this investment coming from China [1]. Group 3: Operational Developments - The number of direct flights from China to Cambodia has increased to 170 per week, a 55% rise compared to the previous year [2]. - The company is expected to resume cash dividend payments in 1H25 after achieving a net cash position post-debt repayment [2]. Group 4: Valuation and Market Position - The company is currently trading at 6 times the 2025 EV/EBITDA, with a target price raised by 32% to HKD 5.80, indicating a 33% upside potential from the current stock price [2].

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: NagaCorp Ltd. 金界控股有限公司 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) | 03918 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 8,000,000,000 | USD | | 0.0125 | USD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 8,000,000,000 | USD | | 0.0125 | USD | | 10 ...

Financial Performance - For the fiscal year ending December 31, 2024, the company reported a net profit of $109.6 million, a decrease of 38.3% from the previous year's profit of $177.7 million, primarily due to a non-cash impairment loss of $89.1 million from the Vladivostok project [22]. - Total revenue for the year was $562.5 million, with gross profit reported at $456.7 million [18]. - The overall gross profit for the year was $456.70 million, with a gross profit margin of 81%, up from 79% in the previous year [62]. - EBITDA for the current year was $202.8 million, down from $295.3 million the previous year [74]. - Net profit attributable to shareholders decreased to $109.6 million, with a net profit margin of 19.5%, down from 33.3% the previous year [65]. - Administrative and other operating expenses increased by $38.2 million or 28.5% year-on-year, totaling $172.5 million for the current year [63]. Market and Economic Context - The company is focused on strengthening its growth strategy amid ongoing global economic fluctuations [22]. - Cambodia attracted $6.9 billion in foreign direct investment in 2024, a 40% increase from the previous year, with China contributing nearly 50% of the total [28]. - The GDP growth rate for Cambodia is forecasted at 5.5% in 2024 and 5.8% in 2025, positioning it as one of the best-performing economies in East Asia [32]. - The Cambodian tourism sector is projected to grow by 5.5% in 2024 and 5.8% in 2025, supported by strong recovery in tourism and trade [39]. - The Cambodian government aims to attract up to 7,500,000 international visitors by 2025, with the new Phnom Penh International Airport expected to handle up to 13,000,000 passengers annually during its first phase of operation [87]. Operational Highlights - The company's flagship NagaWorld is the only integrated hotel and entertainment complex in Phnom Penh, enhancing its market presence [9]. - The average daily turnover in the high-end VIP market has recovered to 82.5% of pre-pandemic levels in FY2019, driven by an increase in foreign visitors and business trips to Cambodia [24]. - Non-gaming revenue increased by 6.5% year-on-year, attributed to a rise in tourist numbers and international events, leading to higher hotel occupancy rates [24]. - The company plans to continue focusing on the development of the high-end VIP market to drive growth and maintain recovery momentum [24]. - The average daily revenue of the gaming floor increased by 8.2% year-on-year to $10.7 million, recovering to 89.1% of pre-pandemic levels from FY2019 [40]. Corporate Social Responsibility - The company has implemented over 730 corporate social responsibility initiatives aimed at improving education and community engagement in Cambodia [30]. - NagaWorld Kind Hearts has distributed stationery kits benefiting over 175,000 impoverished students across 13 provinces since 2014 [51]. - The company has been recognized for its corporate social responsibility efforts, receiving multiple awards including the AREA Social Empowerment Award and the Platinum Award at the Global CSR Summit [55]. - More than 572,000 community members benefited from donations and material contributions totaling $2.4 million [114]. - The company is committed to promoting responsible gambling and reducing the risks associated with problem gambling [155]. Sustainability and Environmental Initiatives - The company has voluntarily adopted new climate regulations ahead of their effective date in January 2025, enhancing disclosures related to sustainability and climate issues [80]. - The company has implemented multiple measures in 2024 to accelerate its environmental commitments, including a climate action plan and external verification of its greenhouse gas inventory [82]. - The company has achieved ISO 14064 external certification for greenhouse gas emissions [114]. - The company has saved at least $668,000 through energy-saving measures since 2016 [149]. - The company is committed to annual external verification of its greenhouse gas emissions under ISO 14064 standards [175]. Employee Engagement and Development - The company employed 6,062 staff, with total employee costs rising to $102.6 million from $88.4 million the previous year [75]. - In 2024, the company achieved a nearly equal gender ratio among its workforce, with 50.2% female and 49.8% male employees, and completed over 205,000 training hours, averaging 34 hours per employee [84]. - The company has been recognized with two excellence awards in 2024 for its commitment to personnel development and workplace digitalization [84]. - The company hosted the sixth union representative election, promoting employee engagement [114]. - 94% of employees completed the annual anti-corruption online training and assessment [156]. Governance and Risk Management - The company is committed to maintaining effective governance and risk management practices to ensure compliance and protect stakeholder interests [139]. - The board held two meetings in 2024 to discuss progress on the company's 2030 environmental goals and regulatory developments in sustainability reporting [129]. - The sustainability oversight committee, chaired by the CEO, reviews environmental reports monthly, tracking progress on 2030 and interim environmental goals [130]. - The company has updated its materiality assessment, elevating the financial importance of cybersecurity and data privacy due to increased global awareness of these risks [141]. - The company focuses on transparent financial and ESG reporting to boost investor confidence and facilitate capital acquisition [139].

Financial Performance - Total gaming revenue for the fiscal year 2024 increased by 5.5% to $542.9 million from $514.8 million in fiscal year 2023[3] - Mass gaming revenue rose by 17.2% to $395 million, up from $337 million in the previous year[3] - The overall gross margin for the mass and premium VIP segments improved to 86% from 84% in the previous fiscal year[3] - Net profit decreased by 38.3% to $109.6 million, primarily due to a non-cash impairment loss of $89.1 million related to the Vladivostok project[3] - Basic earnings per share dropped to 2.48 cents from 4.02 cents in the previous year[3] - EBITDA for the fiscal year 2024 was $202.8 million, down from $295.3 million in fiscal year 2023[3] - Total revenue from casino operations increased to $562.5 million in 2024, up from $533.2 million in 2023, representing a growth of approximately 5.5%[16] - The company reported a pre-tax profit of $109.6 million for 2024, a decrease from $177.7 million in 2023, reflecting a decline of about 38.4%[23] - Casino tax expenses for 2024 amounted to $34.2 million, compared to $31.3 million in 2023, indicating an increase of approximately 9.1%[19] - The company's total assets decreased to $2.3 billion in 2024 from $2.34 billion in 2023, a reduction of about 1.0%[13] - Cash and cash equivalents significantly dropped to $120.4 million in 2024 from $348.4 million in 2023, a decline of approximately 65.4%[13] - The company did not recommend any dividends for the current year, consistent with the previous year[22] - The interest expenses related to preferred notes decreased to $20.5 million in 2024 from $39.7 million in 2023, a reduction of about 48.3%[16] - The company’s net asset value increased to $2.16 billion in 2024 from $2.02 billion in 2023, reflecting a growth of approximately 6.5%[13] - The company’s employee costs rose to $102.0 million in 2024, compared to $87.9 million in 2023, an increase of about 16.1%[17] - The company’s total liabilities decreased significantly, with current liabilities net worth improving to $(35.1) million in 2024 from $(243.7) million in 2023[13] - Total reported segment revenue for the year ending December 31, 2024, is $567,072,000, an increase from $538,339,000 in 2023, representing a growth of approximately 5.6%[30] - The segment profit for the year ending December 31, 2024, is $215,576,000, down from $319,157,000 in 2023, indicating a decline of about 32.5%[28] - Total assets reported as of December 31, 2024, are $2,922,161,000, a decrease from $3,148,339,000 in 2023, reflecting a reduction of approximately 7.2%[28] - Total liabilities as of December 31, 2024, amount to $(680,500,000), slightly up from $(666,021,000) in 2023, showing an increase of about 2.3%[28] - Capital expenditures for the year ending December 31, 2024, are $101,845,000, significantly higher than $39,929,000 in 2023, indicating an increase of approximately 154.5%[28] - Impairment losses on property, plant, and equipment for the year ending December 31, 2024, total $48,852,000, compared to none in 2023[29] - The company has recognized a total of $89,110,000 in impairment losses related to the Vladivostok project in 2024, with no such losses reported in 2023[32] - The company’s non-current assets in Cambodia and Russia as of December 31, 2024, are valued at $2,123,279,000 and $192,576,000 respectively, compared to $2,054,167,000 and $281,582,000 in 2023[30] - The company has no individual customer contributing 10% or more to its revenue in the current or past years[30] Market Trends and Economic Environment - Daily average revenue from the gaming floor grew by 8.2% year-on-year to $10,700,000, recovering to 89.1% of pre-pandemic levels[44] - The number of international visitors arriving in Cambodia via Phnom Penh International Airport recovered to 84.6% of 2019 levels in 2024[44] - The high-end VIP market's daily turnover recovered to 82.5% of pre-pandemic levels, driven by the return of business travelers[44] - The overall financial performance is attributed to stable recovery and growth trends in the business, supported by the resurgence of the Cambodian tourism industry[43] - Total revenue and gross profit contributions from the mass and high-end VIP segments accounted for approximately 88.5% and 94.1%, respectively[44] - Cambodia welcomed approximately 6,700,000 international tourists in 2024, surpassing pre-pandemic levels with a recovery rate of 101.4%, ranking second among major Asian countries in tourist recovery[48] - The Cambodian government approved a budget of $50,000,000 to attract more international tourists over the next two years, focusing on promoting Cambodia as a leading tourism destination[46] - The number of international flights to Cambodia increased by 21.1% to 585 weekly flights as of March 17, 2025, with significant increases from major cities in Greater China and Southeast Asia[49] - Foreign direct investment (FDI) projects in Cambodia reached a total of $6,900,000,000 in 2024, representing a year-on-year growth of 40.2%[50] - China remained the largest source of foreign investment in Cambodia in 2024, with an investment amount of $3,400,000,000, accounting for 49.8% of total foreign investment[50] - The ASEAN region recorded approximately 123,000,000 international tourists in 2024, reflecting a year-on-year growth of 30.6%[48] - The Cambodian Ministry of Tourism partnered with Visa Worldwide to support the development of the tourism industry and enhance its appeal to international visitors[47] - The Cambodian government is focused on promoting all tourist attractions and has implemented measures to reduce e-visa fees to attract more tourists and investors[47] - Moody's upgraded Cambodia's outlook to stable, citing improvements in trade balance, tourism recovery, and foreign direct investment inflows[50] - Cambodia's export market is projected to reach $54.7 billion in 2024, reflecting a year-on-year growth of 16.9%[52] Corporate Social Responsibility and Sustainability - Since 2014, the NagaWorld Kind Hearts initiative has conducted over 730 events, contributing more than 43,000 hours of volunteer service[55] - NagaWorld has donated 55 computers benefiting 3,749 children from 10 NGOs and schools in the current year[56] - NagaWorld planted nearly 3,500 saplings in four provinces this year, with over 400 participants involved[58] - The company received multiple awards for its corporate social responsibility efforts, including the Platinum Award for "Best in Cambodia" at the 16th Global CSR Summit[58] - NagaWorld was recognized as a "Best Honorary Company" in the small-cap category by Institutional Investor magazine in June 2024[59] - The company has voluntarily adopted new climate regulations ahead of their mandatory implementation in January 2025, enhancing its sustainability reporting[84] - The company received the "Environmental Leader" title at the EuroCham Cambodia ESG Contest and Awards 2024 for its environmental efforts[86] - Gender diversity among employees was nearly equal, with women making up 50.2% and men 49.8% of the workforce[87] - The company held two board meetings in 2024 to discuss sustainability-related matters, including progress towards 2030 environmental goals[88] Strategic Initiatives and Future Outlook - The company has entered into an investment agreement to invest at least 11,600,000,000 Russian Rubles (approximately $350,000,000) in the Vladivostok project[34] - The company has no plans to declare a final dividend for the current year, maintaining a focus on reinvestment[95] - The company fully repaid $472,200,000 of outstanding principal on its 2024 senior notes, reflecting strong financial management[96] - The company will publish its annual report on its website and send it to shareholders via mail or electronically[100] - The exchange rate used for conversion is 1.0 USD to 7.75 HKD as of December 31, 2023[100] - The exchange rate for RUB is 1.0 USD to 101.68 RUB as of December 31, 2023[100] - There were no significant investments or acquisitions during the year, and no major updates on the Naga 3 and Vladivostok projects[81] - Despite external challenges from geopolitical tensions and global economic slowdown, Cambodia's economy shows resilience supported by growth in tourism and manufacturing[89] - Cambodia's Royal Government aims to attract 7,500,000 international arrivals by 2025, leveraging the new Phnom Penh International Airport with a capacity of 13,000,000 passengers annually[90] - The bilateral trade goal between Cambodia and Thailand is set at $15,000,000,000 by 2025, supported by the Plus-One strategy to enhance private investment[91] - The National Data Centre of Cambodia is expected to be fully operational by 2025, aimed at improving administrative services and supporting digital innovation[93] - NagaWorld, as the only integrated resort in Phnom Penh, is positioned to thrive by attracting tourists seeking competitive pricing and luxury experiences[94] - The Cambodian government is actively pursuing direct flight routes to enhance tourism, including partnerships with countries like the Philippines, Japan, and Australia[90] - Cambodia is optimistic about increasing Chinese tourist arrivals through the "Ready to Welcome Chinese Visitors" strategy and ASEAN tourism initiatives[92] - The new airport project is part of a long-term strategy to position Cambodia as a world-class tourist destination, enhancing infrastructure and introducing new routes[90] - The government is exploring a multi-country visa proposal to facilitate seamless travel among Cambodia, Brunei, Laos, Malaysia, Vietnam, and Thailand[91]