Financial Performance - The company's revenue for the six months ended September 30, 2025, was HKD 16,962,000, a decrease of 36.5% compared to HKD 26,725,000 for the same period in 2024[6] - Total income, including other income, was HKD 17,249,000, down 37.0% from HKD 27,361,000 year-on-year[6] - The company reported a loss before tax of HKD 9,256,000, compared to a profit of HKD 1,044,000 in the previous year[6] - The net loss attributable to shareholders for the period was HKD 9,364,000, compared to a profit of HKD 931,000 in the same period last year[6] - Basic and diluted loss per share was HKD 1.17, compared to earnings of HKD 0.12 per share in the prior year[6] - For the six months ended September 30, 2025, the company reported commission income from futures non-settlement brokerage of HKD 16,962,000, a decrease of 36.8% compared to HKD 26,725,000 for the same period in 2024[16] - The company recorded a loss of approximately HKD 9.4 million for the six months ended September 30, 2025, compared to a profit of HKD 0.1 million for the same period in 2024[45] Cash Flow and Assets - Cash and cash equivalents decreased to HKD 55,057,000 from HKD 60,396,000 at the end of March 2025[9] - Non-current assets decreased significantly from HKD 5,955,000 to HKD 1,509,000, primarily due to impairment losses recognized[7] - Operating cash flow before working capital changes was negative at HKD 4,955,000, compared to positive cash flow of HKD 1,189,000 in the previous year[9] - The company's cash and bank balances were approximately HKD 55.1 million as of September 30, 2025, down from HKD 60.4 million as of March 31, 2025[47] - Trade receivables as of September 30, 2025, amount to HKD 6,551,000, slightly down from HKD 6,655,000 as of March 31, 2025[29] Equity and Liabilities - The company's total equity decreased to HKD 76,336,000 from HKD 85,700,000, reflecting a decline in retained earnings[7] - The total lease liabilities as of September 30, 2025, amount to approximately HKD 3,453,000, a decrease from HKD 4,043,000 as of March 31, 2025[26] - The company had no interest-bearing debt as of September 30, 2025, indicating a debt-free status[47] Operational Focus and Strategy - The company plans to focus on cost management and operational efficiency to improve financial performance in the upcoming periods[5] - The company’s operational focus remains on providing brokerage services, with all assets and major revenues sourced from Hong Kong[17] - The decrease in revenue was primarily attributed to reduced trading volumes on the Hong Kong Stock Exchange and in over-the-counter transactions[39] Employee and Expenses - Employee costs decreased from approximately HKD 17.3 million for the six months ended September 30, 2024, to approximately HKD 15.4 million for the same period in 2025, a reduction of about 11.0%[41] - Other operating expenses fell from approximately HKD 8.2 million to approximately HKD 6.5 million, a decline of about 20.7%, primarily due to decreases in settlement and error expenses[43] Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules during the six months ending September 30, 2025[70] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2025[74] - The audit committee's main responsibilities include reviewing financial information, risk management, and internal control systems[73] Share Capital and Dividends - The company’s issued share capital is HKD 8 million, consisting of 800,000,000 ordinary shares with a par value of HKD 0.01 each[50] - The board has resolved not to declare an interim dividend for the six months ended September 30, 2025[60] - The company did not declare or propose any dividends for the six months ended September 30, 2025, consistent with the previous year[22] Future Outlook - The company has no future significant investment or capital asset plans as of September 30, 2025[54] - There are no known significant matters related to the group's business or financial performance after the reporting date[53]

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佈的內容概不負責，對其準確性及完整性 亦不發表任何聲明，並明確表示，概不對因本公佈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。 AMS PUBLIC TRANSPORT HOLDINGS LIMITED 進智公共交通控股有限公司 ( 於開曼群島註冊成立之有限公司 ) (股份代號: 77) 進智公共交通控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈本公司及其附屬公司（統稱「本 集團」）截至二零二五年九月三十日止六個月之未經審核簡明綜合中期業績，連同二零二四年同期之未經 審核比較數字。未經審核簡明綜合中期財務資料已由本公司核數師及審核委員會（「審核委員會」）審閱。 簡明綜合收益表 截至二零二五年九月三十日止六個月 | | | 截至九月三十日止六個月 | | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | | 未經審核 | 未經審核 | | | 附註 | 千港元 | 千港元 | | 收益 | 4 | 214,142 | 201,360 | | 直接成本 | | (177, ...

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 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） （股份代號：8117） 有關截至二零二四年十二月三十一日止年度之年報之 補充公告 茲提述中國基礎能源控股有限公司（「本公司」）截至二零二四年十二月三十一日止 年度之年報（「二零二四年年報」）。除非文義另有所指，否則於本公告內所採用之 詞彙與二零二四年年報所界定者具有相同涵義。 馬爭 香港，二零二五年十一月二十五日 於本公告日期，董事會由執行董事馬爭女士及袁賡先生，非執行董事吉江華先生， 及獨立非執行董事温子勳先生、鍾展強先生及宋仁克先生組成。 根據購股權計劃的規則， (a) 購股權可於董事會於提出授出購股權建議時為各承授人釐定及指明的期間內， 隨時全部或部分行使，惟無論如何不得遲於授出日期起計十年，惟須受購股 權計劃提前終止之規限； 1 承董事會命 中國基礎能源控股有限公司 主席 除二零二四年年報所載列董事會報告「購股權」一節及財務報表附註33下所披露者 外，本公司有意根 ...

（股份代號：6063） （在開曼群島註冊成立的有限公司） 截至二零二五年九月三十日止六個月之 中期業績公告 智 中 國 際 控 股 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）欣 然 呈 列 本 公 司 及 其 附 屬 公 司（以 下 統 稱「本集團」）截 至 二 零 二 五 年 九 月 三 十 日 止 六 個 月 的 未 經 審 核 綜 合 業 績，連 同 同 期 的 比 較 數 字 如 下： | 財務摘要 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | | | | | | | | | | | | | | | | 截至九月三十日止六個月 | | | | | ...

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，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 Pony AI Inc. 小馬智行* （於開曼群島註冊成立並以不同投票權方式控制的有限責任公司） （股份代號：2026） 內幕消息 截至2025年9月30日止季度的 未經審計財務業績 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.09條及香港法例第 571章《證券及期貨條例》第XIVA部刊發。 Pony AI Inc.（「本公司」）欣然公佈本公司及其附屬公司（「本集團」）截至2025年9 月30日止三個月的未經審計簡明綜合業績。 本公司欣然公佈本集團根據美國證券交易委員會（「證交會」）適用規則刊發的截至 2025年9月30日止三個月的未經審計簡明綜合業績（「第三季度業績」）。 第三季度業績乃根據有別於國際財務報告準則的美國公認會計原則（「美國公認會 計原則」）編製。 本公告附表一為本公司於2025年11月25日（美國東部時間）就第三季度業績刊發 的新聞稿全文，其中部分內容可能構成本公司的重大內 ...

Financial Performance - Revenue decreased from approximately HKD 265.3 million for the six months ended September 30, 2024, to approximately HKD 155.9 million for the six months ended September 30, 2025, representing a decrease of approximately HKD 109.4 million or 41.2%[5] - Gross profit decreased from approximately HKD 2.9 million for the six months ended September 30, 2024, to approximately HKD 0.8 million for the six months ended September 30, 2025, representing a decrease of approximately HKD 2.1 million or 72.3%[5] - The group recorded a loss attributable to owners of the company of approximately HKD 9.0 million for the six months ended September 30, 2025, compared to approximately HKD 7.2 million for the six months ended September 30, 2024[5] - Basic loss per share attributable to owners of the company was approximately HKD 0.9 cents for the six months ended September 30, 2025, compared to approximately HKD 0.7 cents for the six months ended September 30, 2024[5] - The company reported a loss attributable to owners of HKD 9,046,000 for the six months ended September 30, 2025, compared to a loss of HKD 7,164,000 for the same period in 2024[24] - Basic and diluted loss per share for the six months ended September 30, 2025, was HKD 0.9, compared to HKD 0.7 for the same period in 2024[24] - The company recorded a total loss and comprehensive expenses of approximately HKD 9.0 million for the six months ended September 30, 2025, compared to approximately HKD 7.2 million for the same period in 2024[41] Dividend and Shareholder Information - The board has resolved not to declare an interim dividend for the six months ended September 30, 2025, and 2024[5] - The company did not recommend the declaration of an interim dividend for the six months ended September 30, 2025[25] - The board has resolved not to declare an interim dividend for the six months ending September 30, 2025, and 2024[60] - The company has maintained a minimum of 25% of its issued share capital held by the public as of September 30, 2025[67] Assets and Liabilities - Total assets as of September 30, 2025, were approximately HKD 297.7 million, down from approximately HKD 321.1 million as of March 31, 2025[7] - Total liabilities as of September 30, 2025, were approximately HKD 34.4 million, down from approximately HKD 48.7 million as of March 31, 2025[8] - Cash and cash equivalents increased to approximately HKD 22.2 million as of September 30, 2025, from approximately HKD 18.8 million as of March 31, 2025[7] - Trade receivables decreased to approximately HKD 72.7 million as of September 30, 2025, from approximately HKD 83.8 million as of March 31, 2025[7] - The net trade receivables as of September 30, 2025, were HKD 72,668,000, down from HKD 83,759,000 as of March 31, 2025[26] - Contract assets totaled HKD 194,661,000 as of September 30, 2025, compared to HKD 208,398,000 as of March 31, 2025[27] - Trade payables decreased to HKD 8,453,000 from HKD 20,487,000, indicating a significant reduction of 58.7%[28] - As of September 30, 2025, bank borrowings amounted to approximately HKD 13.6 million, up from approximately HKD 8.8 million as of March 31, 2025[43] - The debt-to-equity ratio increased to approximately 5.2% as of September 30, 2025, from 3.2% as of March 31, 2025[44] Operational Highlights - The company is engaged in providing construction services for public and private residential and commercial properties in Hong Kong and Cambodia[10] - Major customers contributing over 10% of total revenue included Customer 1 with HKD 34,925,000, Customer 2 with HKD 29,874,000, and Customer 3 with HKD 28,554,000[18] - Employee benefits expenses, including director remuneration, decreased to HKD 11,730,000 from HKD 24,315,000, representing a reduction of 51.8%[21] - As of September 30, 2025, the company had 33 projects on hand, with a total project value of approximately HKD 739.2 million, compared to 32 projects valued at approximately HKD 343.3 million as of March 31, 2025[31] - The company adopted a selective bidding strategy, focusing on projects with strong financial reliability and manageable operational risks, resulting in a stable order book[30] - The company is actively expanding into Southeast Asia, aiming to diversify revenue sources and reduce reliance on the local market[32] - Administrative expenses decreased from approximately HKD 10.7 million to approximately HKD 8.5 million, a reduction of about HKD 2.2 million or 20.2%[38] - Other income for the six months ended September 30, 2025, was HKD 46,000, primarily from a youth employment and training program[20] - Service costs decreased from approximately HKD 262.4 million to approximately HKD 155.1 million, a reduction of about HKD 107.3 million or 40.9%[34] Governance and Management - The company has no significant investments or capital asset plans beyond those disclosed in the prospectus as of the mid-term announcement date[59] - The audit committee reviewed the interim financial results for the six months ending September 30, 2025, and confirmed compliance with applicable accounting standards and regulations[69] - The company has adopted a share option scheme, but no options were granted, exercised, canceled, or lapsed during the six months ending September 30, 2025[64] - The board expresses gratitude for the efforts of management and staff during the reporting period[71] - The chairman and CEO of GC Construction Holdings Limited is Chen Qiaosen[71] - The board includes executive directors Chen Qiaosen, Chen Yongping, and Chen Cuiying, along with independent non-executive directors[71] - The board consists of a diverse group of directors, including professionals from various fields[71] - The company emphasizes the importance of teamwork and collaboration in achieving its goals[71] - The management team is committed to continuous improvement and dedication to the company's mission[71] - The company aims to maintain transparency and accountability to its stakeholders[71] - The board's composition reflects a commitment to governance and strategic oversight[71] Miscellaneous - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the six months ending September 30, 2025[63] - The total proceeds from the share issuance on October 10, 2022, amounted to HKD 125 million, with net proceeds of approximately HKD 91.8 million after deducting underwriting commissions and related expenses[56] - The planned use of net proceeds includes funding for project costs (HKD 67 million), expanding workforce and office space (HKD 9.9 million), and purchasing machinery and vehicles (HKD 2.7 million)[57] - The announcement date is November 25, 2025[71] - The group faced minimal foreign exchange risk as most transactions and assets were denominated in HKD, with no foreign exchange hedging conducted for the six months ending September 30, 2025[52] - As of September 30, 2025, the group employed 45 staff members, down from 55 as of March 31, 2025, with compensation packages including salaries and bonuses based on qualifications and performance reviews[54]

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。 未經審計財務業績 本公告乃根據香港聯合交易所有限公司（「香港聯交所」）證券上市規則第13.09條 及證券及期貨條例（第571章）第XIVA部刊發。 知乎（「本公司」）欣然宣佈本公司及其附屬公司及綜合聯屬實體截至2025年9月 30日止三個月的未經審計簡明合併業績。 本公司欣然宣佈，根據美國證券交易委員會（「美國證監會」）適用規則刊發的本公 司及其附屬公司及綜合聯屬實體截至2025年9月30日止三個月的未經審計簡明合 併業績（「第三季度業績」）。 第三季度業績乃根據美國公認會計準則（有別於國際財務報告準則）編製。 本公告附表I為本公司於2025年11月25日（美國東部時間）就第三季度業績刊發的 新聞稿全文，其中部分內容可能構成本公司的重大內幕消息。 Zhihu Inc. （於開曼群島註冊成立以不同投票權控制的有限責任公司） （紐交所代號：ZH；聯交所代號：2390） 內幕消息 截至2025年9月30日止季 ...

Financial Performance - The total revenue for the group was approximately HKD 12.0 million, a decrease of about 87.2% compared to the same period last year[9]. - The group recorded a profit and total comprehensive income of approximately HKD 18.3 million, compared to a loss of approximately HKD 22.9 million in the same period last year[9]. - Total revenue for the six months ended August 31, 2025, was HKD 11,993,000, a significant decrease of 87.2% compared to HKD 93,704,000 for the same period in 2024[81]. - The company reported a net profit of HKD 18,279,000 for the six months ended August 31, 2025, compared to a loss of HKD 22,889,000 in the same period last year[114]. - Basic and diluted earnings per share for the period were HKD 30.47, recovering from a loss of HKD 47.16 per share in the previous year[81]. Revenue Sources - The income from corporate finance advisory services increased by approximately 10.8% to about HKD 4.8 million, compared to approximately HKD 4.3 million in the same period last year[14]. - The group’s income from asset management services increased by approximately 485.4% compared to the same period last year[9]. - The group’s income from securities trading and brokerage services increased by approximately 103.2% compared to the same period last year[9]. - Advisory fees from corporate finance services generated HKD 4,815,000, up 10.7% from HKD 4,347,000 in the previous year[98]. - Commission income from securities trading and brokerage services increased to HKD 2,581,000, a rise of 103.1% compared to HKD 1,270,000 in 2024[98]. Market Conditions - The Hong Kong IPO market saw a significant recovery, with total funds raised amounting to approximately HKD 127.1 billion, an increase of about 672.5% compared to the same period last year[13]. - The average daily trading volume in the Hong Kong stock market increased by approximately 130.6% year-on-year, reaching about HKD 256.4 billion[12]. - The ongoing geopolitical tensions, including the Russia-Ukraine conflict and instability in the Middle East, continue to impact global economic growth and investor sentiment[53]. - Hong Kong's GDP grew by 3.1% year-on-year in Q1 2025, driven by strong exports and rising investment spending, although private consumption remains weak[54]. Operational Highlights - The group participated in a total of 32 corporate finance advisory projects during the period, including 6 IPO sponsorship projects[14]. - The group completed 4 placement and underwriting projects, with revenue dropping significantly to approximately HKD 1.4 million from HKD 85.7 million in the previous year due to a more cautious investor environment[19]. - The group had 1,194 securities accounts as of August 31, 2025, with commission income from securities trading and brokerage services amounting to approximately HKD 2.6 million, up from HKD 1.3 million in the same period last year[22]. - The group engaged in 16 financial advisory projects and 3 independent financial advisory projects, resulting in revenue of approximately HKD 2.5 million, down from HKD 3.0 million from 18 and 4 projects respectively in the previous year[17]. Cost Management - Other operating expenses decreased by approximately 92.0% to about HKD 7.1 million, primarily due to the absence of bond underwriting expenses that were present in the previous year[34]. - Employee costs increased by approximately 8.9% to about HKD 11.8 million, attributed to an increase in the number of professionals compared to the previous year[35]. - The group is committed to strict cost control measures to mitigate adverse market and operational impacts[56]. Shareholder Information - The board decided not to declare any interim dividend for the period, consistent with the previous year[51]. - As of August 31, 2025, Mr. Zhong Zhiwen holds 45,000,000 shares, representing 75% of the company's equity[66]. - The total number of issued shares as of August 31, 2025, is 60,000,000[68]. - Ms. Li Yanhua, spouse of Mr. Zhong Zhiwen, also holds 45,000,000 shares, equivalent to 75% of the company's equity[70]. Strategic Outlook - The group maintains a cautiously constructive outlook on global financial markets, acknowledging emerging opportunities while being aware of ongoing risks[53]. - The group emphasizes the importance of diversification and risk management, focusing on resilient investment opportunities while maintaining a disciplined strategy[56]. - The group plans to enhance its core business by expanding product offerings, improving service content, and broadening its customer base[56]. - The group aims to leverage its overseas network and talent resources to promote cross-border business expansion and foster strategic partnerships[56]. Financial Position - As of August 31, 2025, the group's current assets net value was approximately HKD 202.9 million, with a current ratio of about 2.34 times[38]. - The total assets as of August 31, 2025, amounted to HKD 356,553,000, slightly up from HKD 353,027,000 as of February 28, 2025[83]. - The company's equity totalled HKD 205,152,000 as of August 31, 2025, up from HKD 186,873,000 as of February 28, 2025[83]. - The company’s cash balance includes HKD 50,157 thousand in bank cash and HKD 17,596 thousand in short-term bank deposits as of August 31, 2025[86]. Credit and Risk Management - The group has implemented effective credit control procedures, with no overdue loans reported during the period[31]. - The group has established a credit risk management framework that is regularly updated to align with changes in the business and economic environment[155]. - The group closely monitors cash and bank balances to manage liquidity risk, maintaining levels deemed sufficient for operations[159]. - The group identified credit concentration risk with three margin clients, accounting for approximately 39.4% and 19.7% of total receivables from securities financing as of August 31, 2025, and February 28, 2025, respectively[156].

Financial Performance - The group's revenue for the six months ended September 30, 2025, was approximately HKD 26,500,000, compared to HKD 20,713,000 for the same period in 2024, representing a growth of 28%[7] - Gross profit for the same period was approximately HKD 12,400,000, up from HKD 7,621,000 in 2024, indicating a significant increase in gross margin[7] - The net profit after tax for the six months ended September 30, 2025, was approximately HKD 1,000,000, a turnaround from a net loss of HKD 5,900,000 in the previous year[7] - The total comprehensive income for the period was HKD 1,014,000, compared to a loss of HKD 5,816,000 in the same period last year[9] - Basic and diluted earnings per share for the period were HKD 0.14, recovering from a loss of HKD 0.85 per share in the previous year[9] - The company reported a net loss of HKD 5,937,000 for the six months ended September 30, 2025, compared to a loss of HKD 5,944,000 in the same period last year[11] - The operating profit before tax for the six months ended September 30, 2025, was HKD 1,007,000, compared to a loss of HKD 5,944,000 in the same period of 2024[37] - The company reported a profit attributable to shareholders of HKD 1,013,000 for the six months ended September 30, 2025, compared to a loss of HKD 5,937,000 in the same period of 2024[41] Expenses and Costs - Administrative expenses decreased to HKD 11,286,000 from HKD 14,157,000, reflecting improved cost control measures[8] - The company’s employee benefits expenses, including directors' remuneration, amounted to HKD 15,111,000 for the six months ended September 30, 2025, down from HKD 17,478,000 in the same period of 2024[37] - The company incurred financing costs of HKD 405,000 for the six months ended September 30, 2025, slightly down from HKD 425,000 in the previous year[12] Assets and Liabilities - Non-current assets as of September 30, 2025, totaled HKD 10,053,000, down from HKD 11,399,000 as of March 31, 2025[10] - Current assets amounted to HKD 85,901,000, slightly decreasing from HKD 86,265,000 in the previous period[10] - The company reported a total asset value of HKD 95,954,000 as of September 30, 2025, a slight decrease from HKD 97,664,000 as of March 31, 2025[32] - The total liabilities decreased to HKD 30,424,000 as of September 30, 2025, down from HKD 33,137,000 as of March 31, 2025[32] - The company’s total reserves as of September 30, 2025, were HKD 68,887,000, a decrease from HKD 68,525,000 as of April 1, 2024[11] Cash Flow - Operating cash flow for the six months ended September 30, 2025, was HKD 446,000, a significant improvement from a cash outflow of HKD 3,940,000 in the previous year[12] - Net cash generated from operating activities was approximately HKD 400,000 for the six months ended September 30, 2025, compared to a net cash used of HKD 3,900,000 for the same period in 2024[73] - As of September 30, 2025, the company's cash and bank balances were approximately HKD 9,600,000, a decrease of about HKD 2,300,000 from HKD 11,900,000 as of March 31, 2025[74] Shareholder Information - The board of directors decided not to declare an interim dividend for the six months ended September 30, 2025, consistent with the previous year[7] - As of September 30, 2025, the company had 737,510 thousand shares issued and fully paid, an increase from 701,510 thousand shares at the beginning of the period[50] - The company completed a placement of 36,000,000 shares at a price of HKD 0.1 per share, raising approximately HKD 3,527,000 after deducting commissions and related costs[50] Business Segments - The company’s revenue contributions from its four business segments for the six months ended September 30, 2025, were approximately 65.3% from green building certification, 21.8% from sustainable development and environmental consulting, 5.2% from acoustics, noise and vibration control, and 7.7% from ESG reporting and consulting[54] - The company is currently managing 150 projects in the sustainable development and environmental consulting segment, an increase from 140 projects at the end of March 2025[58] - The company achieved several international recognitions for its green and healthy building standards, including LEED certification for the New Jakarta City project in Indonesia[56] Regulatory and Compliance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, requiring management to make judgments and estimates that affect the reported amounts of assets, liabilities, income, and expenses[17] - The group has adopted revised Hong Kong Financial Reporting Standards effective from April 1, 2025, with no significant impact on the financial position and performance during the reporting period[20] - The group has not early adopted new standards and amendments that are not yet effective, indicating a cautious approach to regulatory changes[21] - The company has adhered to all provisions of the corporate governance code during the six months ending September 30, 2025[104] Risk Management - The risk management committee operates under board-approved policies to identify, assess, and hedge financial risks[88] Employee and Management - The company has established a share option scheme with no options exercised or cancelled as of September 30, 2025[90] - The share award plan was approved to enhance employee benefits, with a total of 12,100,000 restricted shares granted[91] - The share award plan's cap was increased to 60,000,000 shares to provide more incentives for employees[92] - The company has 84 employees as of September 30, 2025, an increase from 80 employees as of March 31, 2025[76]

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 20,642,000, a decrease of 14.5% compared to HKD 24,232,000 for the same period in 2024[4] - Gross profit for the same period was HKD 14,501,000, down 16.4% from HKD 17,363,000 in 2024[4] - Operating loss increased to HKD 6,341,000, compared to a loss of HKD 3,201,000 in the previous year, reflecting a deterioration in operational performance[4] - The company reported a loss attributable to owners of the company of HKD 6,706,000, compared to a loss of HKD 3,398,000 in 2024, indicating a significant increase in net losses[4] - Basic and diluted loss per share for the six months ended September 30, 2025, was HKD 0.34, compared to HKD 0.17 in 2024, reflecting worsening financial performance[6] - The net loss for the period was approximately HKD 6,706,000, an increase of about HKD 3,308,000 from the net loss of HKD 3,398,000 in the previous year[20] - Gross profit decreased from approximately HKD 17,400,000 to about HKD 14,500,000, a reduction of approximately HKD 2,900,000, partly due to a decline in revenue and a drop in gross margin by about 1.4%[23] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 49,283,000, a decrease from HKD 52,847,000 as of March 31, 2025[7] - Current liabilities increased to HKD 46,090,000 from HKD 43,473,000, indicating a rise in short-term financial obligations[7] - The company reported a net current asset value of HKD 3,193,000, down from HKD 9,374,000 in the previous period, highlighting liquidity challenges[7] - The group had a bank and cash balance of approximately HKD 30,100,000 as of September 30, 2025, with a capital debt ratio of zero, indicating no bank loans[30] Business Operations - The group operates a single business segment focused on Chinese restaurants in Hong Kong, with no significant revenue contributions from other segments[16] - The restaurant business in Hong Kong faced a revenue decline of approximately HKD 3,600,000, attributed to weak local consumer sentiment and increased competition[28] - Employee costs totaled approximately HKD 11,200,000, down from HKD 11,600,000 in the previous year, primarily due to a reduction in part-time staff[25] - The group terminated the lease for the Kwun Tong restaurant due to unfavorable operating conditions and declining customer traffic[29] Future Outlook and Strategies - The group's restaurant business is expected to improve in the second half of the fiscal year due to the upcoming festive season, which is traditionally a peak period for the industry[35] - The company is facing challenges such as cost pressures, strong competition from mainland rivals, and rising food prices, which are impacting the outlook for Chinese restaurants in Hong Kong[35] - The company plans to enhance the performance of its Tsim Sha Tsui branch by reallocating staff from the Kwun Tong branch, extending operating hours, and launching attractive dining packages[35] - The company is optimistic about finding a suitable new store location by Q2 2026, with a focus on high foot traffic areas in Kowloon West and East[37] - The company aims to implement cost control strategies and negotiate favorable lease terms to ensure new stores positively impact overall financial stability[37] - The new store will continue to focus on Chaozhou cuisine while exploring related or emerging cooking styles to align with market trends[38] - The company is prioritizing revenue enhancement and cash flow improvement at the Tsim Sha Tsui branch through various strategies, including promotional activities[38] - The Tsim Sha Tsui branch has upgraded audiovisual equipment to boost customer spending during peak seasons[39] Corporate Governance - The company has established various committees, including an audit committee and a remuneration committee, to ensure compliance with corporate governance standards[41][43] - The interim financial results announcement will be published on the company's website and the Hong Kong Stock Exchange website[46] - The interim report for the six months ending September 30, 2025, will be timely posted on the aforementioned websites[46] - The report will only be sent to shareholders upon request[46] Dividends and Other Income - The group decided not to declare any interim dividend for the six months ended September 30, 2025[34] - Other income and losses decreased by approximately HKD 600,000, mainly due to a reduction in interest income by about HKD 500,000[24] - Accounts receivable aged analysis showed HKD 221,000 for 0-30 days as of September 30, 2025, compared to HKD 101,000 as of March 31, 2025[21] - The company has not purchased, sold, or redeemed any of its listed securities during the six months ending September 30, 2025[40]