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]

Financial Performance - Revenue for the period was approximately HKD 85,706,000, an increase of about 2.40% compared to HKD 83,695,000 in the same period last year[5] - The company reported a loss attributable to owners of approximately HKD 712,000, compared to a profit of HKD 1,256,000 in the previous year[5] - Basic and diluted loss per share was approximately HKD 0.127, compared to a profit of HKD 0.22 per share in the previous year[7] - Gross profit for the period was HKD 25,774,000, down from HKD 26,433,000 in the previous year[6] - The company reported a total comprehensive income of HKD 152,000, significantly lower than HKD 2,791,000 in the previous year[6] - Total comprehensive income for the period ended September 30, 2025, was HKD 289,000, a significant decrease from HKD 2,726,000 in the previous period[17] - The group recorded a loss attributable to the owners of approximately HKD 712,000, compared to a profit of HKD 1,256,000 in the previous year[61] Cash Flow and Liquidity - Total cash and cash equivalents as of September 30, 2025, were approximately HKD 18,918,000, down from HKD 24,083,000 as of March 31, 2025[5] - As of September 30, 2025, the net cash generated from operating activities was HKD 3,126,000, compared to HKD 11,159,000 for the same period in 2024, representing a decrease of approximately 72%[17] - The net cash used in financing activities was HKD 8,444,000 for the six months ended September 30, 2025, compared to a net cash inflow of HKD 1,630,000 in 2024[17] - The cash and cash equivalents decreased by HKD 5,317,000 during the six months ended September 30, 2025, compared to an increase of HKD 12,815,000 in the same period of 2024[17] Assets and Liabilities - Total assets amounted to HKD 108,159,000 as of September 30, 2025, compared to HKD 106,822,000 as of March 31, 2025[8] - Current liabilities increased to HKD 30,599,000 from HKD 29,002,000 in the previous period[9] - Non-current assets decreased to HKD 48,082,000 from HKD 50,208,000[8] - Total liabilities as of September 30, 2025, were HKD 39,374,000, with HKD 33,404,000 classified liabilities and HKD 5,970,000 unallocated corporate liabilities[30] Revenue Breakdown - Revenue from external customers for the six months ended September 30, 2025, was HKD 85,706,000, with HKD 25,617,000 from pharmaceutical wholesale and distribution, and HKD 60,089,000 from hemodialysis treatment and consulting services[27] - Revenue from the wholesale business was approximately HKD 25,617,000, a decrease of about 5.93% from HKD 27,232,000 in the previous year, attributed to reduced demand from hospitals and clinics[48][53] - Revenue from the dialysis business was approximately HKD 60,089,000, an increase of about 6.42% from HKD 56,463,000 in the previous year, driven by an increase in the number of patients treated[49][54] Shareholder Information - As of September 30, 2025, Mr. Wang holds a total equity interest of 30.12% in the company, including 156,862,198 shares and 2,500,000 options[77] - Major shareholder 威揚 holds 156,862,198 shares, representing approximately 28.00% of the total issued shares as of September 30, 2025[79] - 泓港財務有限公司, Expert Wealth Investments Limited, and 吳國輝 have released their security interest in the 156,862,198 shares held by 威揚[80] Stock Options and Share Schemes - A total of 80,793,054 stock options have been granted under the 2013 stock option plan, representing approximately 14.42% of the total issued shares[83] - The 2023 stock option plan allows for the issuance of 56,022,213 stock options, which is about 10.00% of the total issued shares[84] - The exercise price for stock options ranges from 0.094 to 0.668 per share, with various exercise periods extending to 2033[83] - The 2023 Share Option Scheme was adopted on September 15, 2023, to attract and retain top talent and provide additional incentives to eligible participants[88] Corporate Governance - The audit committee, consisting of three independent non-executive directors, has reviewed the group's unaudited consolidated results for the period and confirmed compliance with applicable accounting standards[101] - The Compensation Committee was established on September 24, 2013, and includes one executive director and three independent non-executive directors[102] - The main responsibilities of the Nomination and Corporate Governance Committee include reviewing the board's structure and recommending changes, as well as maintaining effective corporate governance and internal control systems[104] Compliance and Risk Management - The company is actively monitoring compliance with external regulatory requirements and assessing their impact on existing operations[67] - Following a recent compliance issue, the company is implementing corrective measures to ensure adherence to applicable laws and regulations[74] - The company has not engaged in any major acquisitions or disposals during the reporting period[71] Employee Information - As of September 30, 2025, the company employed 177 full-time employees, with total employee costs amounting to approximately HKD 14,424,000, an increase from HKD 13,360,000 in 2024[73]

Financial Performance - Chow Tai Fook Jewellery Group reported interim results for the six months ending September 30, 2025, with a focus on financial performance and operational highlights [3]. - The Group's revenue for the period reached HKD 20.5 billion, representing a year-on-year increase of 12% [27]. - Operating profit for the same period was HK$6,823 million, with a year-on-year growth of +0.7% [31]. - Total revenue for the first half of FY2026 reached HK$38,986 million, with an operating profit of HK$6,823 million, resulting in a profit margin of 17.5% [46]. - The Group's solid recovery trajectory reinforces confidence in sustaining growth through the second half of FY2026 [29]. - Profit attributable to shareholders remained flat in 1HFY2026 due to losses from the revaluation of gold loan contracts amid gold price volatility [133][135]. - The gross profit margin contracted by 90 basis points to 30.5% in 1HFY2026, primarily due to a decline in retail margins from lower gold price appreciation [140]. Operational Highlights - The number of retail outlets increased to 3,200 globally, with a 15% growth in store count compared to the same period last year [27]. - Same Store Sales growth turned positive in the Chinese Mainland and Hong Kong and Macau, indicating effective store optimisation strategies [29]. - The total number of employees as of September 30, 2025, was over 24,700, with 82.3% based in the Chinese Mainland [37]. - The Group opened 8 new image stores by September 30, 2025, which consistently delivered higher productivity than the average store in the same districts [116][118]. - The company opened 57 new CHOW TAI FOOK JEWELLERY stores during 1HFY2026 as part of its strategic expansion [194]. E-commerce and Digitalization - E-commerce sales accounted for 25% of total revenue, reflecting a significant shift towards online shopping [27]. - E-commerce business in Mainland China saw a 27.6% year-on-year increase in retail sales value (RSV) during 1HFY2026, with CTFMall and Douyin both exceeding 40% growth [95]. - Livestreaming channels accounted for 17.6% of online sales RSV in 1HFY2026, indicating a significant contribution to overall revenue [95]. - E-commerce sales in Hong Kong and Macau surged by 138.3% in the first half of FY2026, reflecting a strong shift towards online shopping [106]. Product Development and Innovation - The Group plans to launch a new line of sustainable jewellery products in early 2026, aiming to capture the growing demand for eco-friendly options [27]. - The Group launched its first High Jewellery Collection "Timeless Harmony" in June, marking a significant milestone in brand transformation [29]. - The launch of the "Timeless Harmony" High Jewellery Collection in June 2025 resulted in nearly 200 pieces sold during the launch event in Hangzhou, indicating strong demand from high-net-worth clients [65]. - The T•MARK diamond brand, launched in 2016, utilizes patented nano-inscription technology to enhance transparency in diamond sourcing [80]. - The T•MARK personalisation service will expand to include engraving images by FY2026, adding emotional value to jewellery pieces [80]. Market Expansion and Strategic Initiatives - Chow Tai Fook aims to strengthen its brand presence in international markets, particularly in Southeast Asia and North America, as part of its strategic expansion plan [27]. - The Group plans to continue launching new image stores in international markets, focusing on premium locations across Oceania and Canada in the second half of FY2026 [109]. - The Group is actively exploring new high-potential territories for sustainable growth, targeting markets with long-term prospects beyond Southeast Asia [109]. - The company is focused on brand transformation, enhancing brand desirability, and reinforcing market leadership through new image stores and upgrades [48]. Sales Performance - Same Store Sales Growth (SSSG) in the Chinese Mainland was 2.6%, while Hong Kong and Macau achieved 4.4%, driven by strong demand for fixed-price jewellery and weight-based gold jewellery [44]. - Retail sales volume in the Chinese Mainland was 10,724,000 units in 2023, with a forecasted decline to 6,453,000 units in 2025 [42]. - Total sales from signature collections reached HK$3.4 billion in 1HFY2026, a significant increase from HK$2.3 billion in the same period last year [70]. - The average selling price (ASP) of fixed-price gold jewellery rose to HK$5,500 in 1HFY2026, up from HK$4,400 in 1HFY2025 [196]. Financial Ratios and Cost Management - Gross profit margin improved to 30%, up from 28% in the previous year, indicating enhanced operational efficiency [27]. - The SG&A ratio improved by 120 basis points to 14.0%, reflecting the Group's focus on operational efficiency and financial resilience [115]. - SG&A expenses decreased by 8.8% to HK$5,453 million, with the SG&A ratio decreasing by 120 basis points to 14.0% in 1HFY2026 [152]. - The average number of employees decreased by 6.7% year-on-year to 17,760 [168]. Challenges and Risks - Current liabilities increased from HK$51,022 million in 2022 to HK$57,520 million in 2024 [40]. - The net gearing ratio increased significantly from 27.6% in 2022 to 78.2% in 2024 [40]. - Revenue in the Chinese Mainland decreased by 2.5% to HK$32,194 million in 1HFY2026, with wholesale revenue declining by 10.2% due to network rationalisation [155].

Financial Performance - Revenue increased by 10.4% year-on-year to RMB 5,509.1 million for the three months ended September 30, 2025, compared to RMB 4,991.5 million in the same period of 2024[3] - Adjusted EBITDA rose by 14.5% year-on-year to RMB 1,510.3 million, with an adjusted EBITDA margin increasing to 27.4% from 26.4%[3] - Adjusted net profit increased by 16.5% year-on-year to RMB 1,060.2 million, with an adjusted net profit margin rising to 19.2% from 18.2%[3] - Operating profit for the same period was RMB 1,163.2 million, compared to RMB 977.1 million in the previous year[18] - Basic earnings per share increased to RMB 0.42 from RMB 0.35 year-on-year[18] - Profit attributable to equity holders increased from RMB 793.2 million to RMB 976.0 million[35] - Net profit for the three months ended September 30, 2025, was RMB 985,248 thousand, representing a 22.7% increase from RMB 803,234 thousand in 2024[42] - The company reported a gross profit of RMB 3,621,835 thousand for the three months ended September 30, 2025, compared to RMB 3,164,675 thousand in 2024, reflecting a gross margin improvement[42] - The total comprehensive income for the three months ended September 30, 2025, was RMB 980,780 thousand, compared to RMB 788,482 thousand in 2024, indicating overall growth in profitability[44] User Metrics - Average monthly paying users reached a record high of 47.7 million, up 2.8% year-on-year from 46.4 million[3] - Annual paying users grew by 8.8% year-on-year to 252.9 million, also a record high[3] - Cumulative service users for the twelve months increased by 7.3% year-on-year to 2,019.4 million[3] Revenue Breakdown - Revenue from the core online travel platform rose by 14.9% from RMB 4,012.8 million to RMB 4,608.8 million during the same period[21] - Accommodation booking service revenue increased by 14.7% from RMB 1,377.5 million to RMB 1,579.5 million, driven by higher demand[21] - Transportation ticketing service revenue grew by 9.0% from RMB 2,026.8 million to RMB 2,208.7 million, attributed to increased demand for value-added products and services[21] - Other revenue surged by 34.9% from RMB 608.5 million to RMB 820.6 million, mainly due to growth in hotel management services and value-added products[22] - Vacation revenue decreased by 8.0% from RMB 978.7 million to RMB 900.3 million, primarily due to ongoing safety concerns in Southeast Asia[23] Expenses and Costs - Total sales costs increased by 3.3% from RMB 1,826.8 million to RMB 1,887.3 million, with the cost-to-revenue ratio decreasing from 36.5% to 34.2%[26] - Selling and marketing expenses rose by 16.9% from RMB 1,467.6 million to RMB 1,715.4 million, with the expense-to-revenue ratio increasing from 29.2% to 31.0%[28] - Income tax expenses increased from RMB 152.1 million to RMB 174.7 million due to higher taxable income[34] - The total expenses for sales and marketing for the three months ended September 30, 2025, were RMB 1,715,364 thousand, compared to RMB 1,467,569 thousand in 2024, indicating a rise in investment in marketing efforts[42] Assets and Liabilities - As of September 30, 2025, total assets amounted to RMB 40,987,208 thousand, an increase from RMB 37,777,196 thousand as of December 31, 2024, representing a growth of approximately 5.8%[45] - Total liabilities increased to RMB 17,604,498 thousand from RMB 16,814,889 thousand, reflecting a rise of about 4.7%[46] - The equity attributable to shareholders rose to RMB 22,384,995 thousand, up from RMB 20,001,471 thousand, marking an increase of approximately 11.9%[46] - Cash and cash equivalents decreased to RMB 5,786,558 thousand from RMB 8,019,963 thousand, a decline of about 28.8%[47] - The company had a total of 3,653,887 thousand in retained earnings as of September 30, 2025, compared to 1,751,576 thousand at the end of 2024, indicating significant profit retention[46] Strategic Initiatives - The company maintained a strong partnership with Tencent, leveraging the WeChat ecosystem as a key traffic channel[9] - The upgraded membership program includes enhanced benefits such as exclusive customer service and free cancellations, aimed at increasing user loyalty[10] - The company has intensified its marketing efforts on social media platforms to engage younger users and enhance brand exposure[9] - Strategic partnerships with airport management groups aim to enhance marketing and product innovation, particularly in air-rail intermodal products[14] Management and Governance - The company announced a change in the co-chairman of the board, with Jiang Hao appointed effective November 25, 2025, following the resignation of Liang Jianzhang[51] - The board of directors consists of the following members: Wu Zhixiang (Co-Chairman), Ma Heping (CEO), and independent non-executive directors Yang Jiahong, Dai Xiaojing, and Han Yuling[56] - Non-executive directors include Liang Jianzhang, Jiang Hao (Co-Chairman), and Xie Qinghua, along with Brent Richard Irvin[57] Audit and Compliance - The audit committee reviewed the financial performance for the three months ended September 30, 2025, ensuring compliance with relevant accounting standards[50]

KINGWISOFT TECHNOLOGY GROUP COMPANY LIMITED 金慧科技集團股份有限公司 （於開曼群島註冊成立的有限公司） 股份代號 : 08295 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此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。有意投資的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買賣的證券可能會較於聯交所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之任何損失承 擔任何責任。 本報告的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關Kingwisoft Technology Group Company Limited金慧科技集團股份有限公司（「本公司」）的資料；本公司的董事（「董 事」）願就本報 ...

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。 （於香港註冊成立之有限公司） （股份代號：345） 截至二零二五年九月三十日止六個月之業績公告 摘要 財務摘要 | | 二零二五年 | | 二零二四年 | | | | | --- | --- | --- | --- | --- | --- | --- | | | 港幣百萬元 | | 港幣百萬元 | | | 變動 | | 收入 | | 3,227 | 3,443 | | | -6% | | 毛利 | | 1,648 | 1,777 | | | -7% | | 毛利率 | | 51.1% | 51.6% | | -0.5 | 百分點 | | 經營溢利 | | 247 | 257 | | | -4% | | 除稅後溢利 | | 179 | 176 | | | +2% | | 本公司股權持有人應佔溢利 | | 172 | 171 | | | +1% | | 每股基本盈利 | 16.2 | 港仙 | 15.9 港 ...

香港交易及結算所有限公司以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，並明確表示概不會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。 Tuya Inc. 塗鴉智能* （於開曼群島註冊成立以不同投票權控制的有限責任公司） （香港聯交所股份代號：2391） （紐約證券交易所股票代碼：TUYA） 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條及證券及期貨條 例（香港法例第571章）第XIVA部刊發。 Tuya Inc.（「Tuya」或「本公司」）欣然宣佈本公司及其附屬公司及合併聯屬實體 （「本集團」）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，本集團截至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」），乃根據美國證券交易委員會（「美國證交會」）的適用規則刊 發。 第三季度業績乃根據美國公認會計準則（「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24日（美國東部時間 ...

北森控股有限公司 Beisen Holding Limited * （於開曼群島註冊成立的有限公司） (A company incorporated in the Cayman Islands with limited liability) Stock Code 股份代號 : 9669 中期報告 INTERIM REPORT 2025/2026 僅供識別 * for identification purpose only 北森控股有限公司 Beisen Holding Limited * 2025/2026 Interim Report 中期報告 Contents 目 錄 2 Corporate Information 公司資料 5 Financial Highlights 財務摘要 6 Management Discussion and Analysis 管理層討論與分析 31 Other Information 其他資料 58 Interim Condensed Consolidated Statement of Comprehensive Loss 中期簡明綜合全面虧損表 60 Interim Cond ...

Financial Performance - For the six months ended September 30, 2025, the Group's revenue was approximately HK$13,277,000, an increase of 38.3% from HK$9,582,000 in 2024[7]. - The Group recorded a gross profit of approximately HK$2,681,000, compared to HK$1,107,000 in 2024, primarily driven by rental income and bottled mineral water sales[10]. - The loss attributable to owners of the Company was approximately HK$5,322,000, a significant reduction from HK$15,721,000 in 2024, mainly due to increased revenue from the bottled mineral water business[21]. - Total comprehensive income for the period was HK$2,458,000, compared to a loss of HK$11,619,000 in the same period last year[187]. - The Group reported a loss for the period of HK$5,322,000 for the six months ended 30 September 2025, compared to a loss of HK$15,721,000 for the same period in 2024, indicating a reduction in losses by approximately 66.1%[192]. Revenue Sources - Revenue from the sales of bottled mineral water was approximately HK$7,536,000 for the Reporting Period, a significant increase from HK$2,437,000 in 2024[38]. - Revenue from the property development and investment segment was approximately HK$5,741,000, a decrease from HK$7,145,000 in 2024, while profit increased to approximately HK$7,184,000 from HK$1,975,000 in 2024[60][65]. Expenses and Costs - The cost of sales for the Reporting Period was approximately HK$10,596,000, up from HK$8,475,000 in 2024, reflecting the growth in revenue from property sales and bottled mineral water[9]. - Selling and distribution expenses increased to approximately HK$2,770,000 from HK$548,000 in 2024, mainly due to costs associated with the bottled mineral water business[17]. - Administrative expenses decreased to approximately HK$11,243,000 from HK$13,679,000 in 2024, attributed to lower legal and professional fees and staff costs[18]. Assets and Liabilities - The Group's total assets as of 30 September 2025 were approximately HK$1,386.256 million, financed by current liabilities of approximately HK$211.061 million and non-current liabilities of HK$Nil[136]. - Current liabilities decreased to HK$211,061,000 from HK$224,857,000, indicating improved liquidity management[189]. - Net current assets increased to HK$70,577,000, up from HK$50,606,000, reflecting a stronger financial position[189]. Investments and Acquisitions - The Group entered into an acquisition agreement for office premises and an underground car park in Beijing for approximately RMB220,000,000, with RMB200,000,000 already paid as a deposit[73]. - The Group has completed acquisitions of Jiuyuan and Jinhao, aiming to invest in the natural resources industry in the PRC[104]. - The Group entered into a second acquisition agreement for additional property at a consideration of approximately RMB65,100,000 (equivalent to approximately HK$81,400,000) for 30 units in Jinma Creative Industry Park, totaling approximately 5,400 square meters[94]. Market Conditions - The overall economy in the PRC remains stagnant, impacting the Group's core businesses due to challenges such as a downturn in the property market and low consumer demand[29]. - The Group has faced challenges in selling remaining unsold units in Phase I due to unfavorable market conditions, prompting a conservative approach to property development[70]. Employment and Staff Costs - As of September 30, 2025, the Group employed approximately 67 employees in Hong Kong and the PRC, a decrease from 73 employees in 2024[149]. - Total staff costs for the reporting period amounted to approximately HK$4,787,000, down from HK$7,301,000 in 2024, reflecting a reduction of about 34.6%[149]. Legal and Compliance - The audit committee has reviewed the unaudited interim financial statements for the six months ended September 30, 2025, and found them compliant with applicable accounting standards[181]. - The Company has complied with all applicable provisions of the Corporate Governance Code except for the lack of insurance cover for Directors since May 21, 2018[172]. Future Outlook - The Group remains optimistic about the long-term economic development in the PRC, expecting stable demand for water products and properties[103]. - The Group is actively seeking diversified financing solutions to cover infrastructure investments for Jinhao Mine, which require tens of millions of RMB[52].

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。 （於開曼群島註冊成立的有限公司） Beisen Holding Limited （股份代號：9669） 截 至2025年9月30日止六個月之 未經審核中期業績公告 Beisen Holding Limited（「本公司」，連 同 其 附 屬 公 司 及 併 表 聯 屬 實 體 統 稱「本 集 團」）董 事（「董 事」）會（「董事會」）謹 此 宣 佈 本 集 團 截 至2025年9月30日 止 六 個 月 的 未 經 審 核 綜 合 中 期 業 績。本 公 告 載有本公司2025╱26中期報告 （「2025╱26中期報告」）全 文，符 合 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）證 券上市規則 中 有 關 中 期 業 績 初 步 公 告 附 載 的 資 料 之 相 關 規 定。 本中期業績公告刊載於聯交所網站(www.hk ...