Financial Performance - The Group recorded a loss of approximately HK$741,000 for the year ended 31 December 2025, compared to a profit of approximately HK$7,198,000 in 2024[16]. - The consolidated loss attributable to the owners of the Company amounted to approximately HK$5,446,000 for the year, down from a profit of approximately HK$2,151,000 in 2024[16]. - For the year, the Group's total revenue was approximately HK$88,957,000, representing a decrease of approximately 14.7% compared to HK$104,338,000 in 2024[59]. - The Software Business recorded a revenue of approximately HK$81,577,000 for the year, representing a decrease of approximately 1.7% compared to 2024[33]. - The segment profit of the Software Business amounted to approximately HK$18,711,000, down from approximately HK$19,785,000 in 2024[33]. - Revenue from the Corporate Management Solutions and I.T. Contract Services Business was approximately HK$7,380,000, a decrease of approximately 65.4% from HK$21,319,000 in 2024[45]. - The Group recorded a gross profit of approximately HK$68,360,000, down approximately 4.0% from HK$71,245,000 in 2024[60]. - The Group's finance costs increased to approximately HK$95,000 for the year, up from approximately HK$45,000 in 2024[61]. - The Group's total new users exceeded 33,000,000 as of December 31, 2025, compared to over 36,000,000 in 2024[42]. Dividend Policy - The Directors do not recommend the payment of a dividend for the year, whereas a total dividend of HK$0.030 per share was paid in 2024[17]. - The Company has adopted a dividend policy allowing for cash or other means of dividend payment, subject to future operations and financial conditions[185]. - The company has adopted a dividend policy since January 2019, allowing dividends to be declared in cash or other appropriate means, ensuring shareholders can share in profits while retaining sufficient reserves for future development[187]. - The company’s dividend declaration and payment are subject to shareholder approval and compliance with applicable laws and regulations[187]. Business Operations - Revenue generated from the Software Business amounted to approximately HK$81,577,000, representing approximately 91.7% of the Group's total revenue for the year[19]. - Revenue from the Corporate Management Solutions and I.T. Contract Services Business accounted for approximately 8.3% of the Group's total revenue[24]. - The Group is engaged in multiple business segments, including Software Business, Corporate Management Solutions, B2C Online Sales, B2B Product Trading, and Securities Investment[18]. - The Group plans to continue developing new upgrades to its software products to keep pace with the latest technology trends and enhance user experience[38]. - The Group is exploring business opportunities and expanding distribution channels in emerging markets, particularly in the Asia-Pacific region[39]. - The Group aims to maintain a balance between risk and return while effectively utilizing resources to expand core businesses and explore new opportunities[26]. - The Group plans to enhance its competitiveness and explore new opportunities in the face of challenging market conditions in the I.T. industry[46]. Economic Environment - The global macro-economic environment has brought volatility to the global economy, adversely impacting the business operations of the Group[18]. - The Group's performance reflects the challenges posed by growing uncertainties in the global economic environment[18]. - The economic outlook for 2026 is expected to be clouded by geopolitical tensions and tightening financial conditions, impacting customer confidence and market sentiment[97]. - The Group will continue to monitor customer behavior changes and market conditions, which may pose uncertainties for the upcoming year[40]. Assets and Liabilities - As of December 31, 2025, the Group had cash and cash equivalents of approximately HK$61,075,000 and net current assets of approximately HK$65,098,000[25]. - As of December 31, 2025, the fair value of FVTPL Financial Assets was approximately HK$26,452,000, down from approximately HK$27,449,000 in 2024[54]. - The Group's total assets amounted to approximately HK$263,853,000, while total liabilities were approximately HK$61,497,000, resulting in a gearing ratio of approximately 23.3%[71]. - The Group's trade and other receivables amounted to approximately HK$18,742,000 as of December 31, 2025, with collection potentially affected by macroeconomic uncertainties and geopolitical instability[87]. - The Group's intangible assets included approximately HK$114,324,000 and goodwill of approximately HK$38,425,000 as of December 31, 2025[83]. Governance and Compliance - The Board comprises five members, including two executive Directors and three independent non-executive Directors, ensuring a balance of skills and experience[106]. - The Company complied with GEM Listing Rules, maintaining at least three independent non-executive Directors on the Board, which constitutes more than one-third of the Board members[133]. - The Company received written annual confirmations from all independent non-executive Directors regarding their independence, and considers them to be independent as of the report date[134]. - The Board is responsible for major policy decisions, strategies, budgets, and risk management, while daily operations are delegated to management[120]. - The Company has established formal procedures for the appointment and re-election of Directors, ensuring transparency[135]. - The Company acknowledges its responsibility for preparing the annual report and financial statements to ensure they present a true and fair view in accordance with the Companies Ordinance and applicable accounting standards[151]. - The Directors are responsible for maintaining accounting records that disclose the financial positions of the Group, which are essential for preparing financial statements[153]. - The Board considers the risk management and internal control systems to be effective and adequate, providing reasonable assurance against material misstatement or loss[162]. - The internal audit function is performed by management and includes external consultants to enhance the quality of audits, covering financial, operational, and compliance controls[178]. Committees and Remuneration - The company has established three committees: the Remuneration Committee, the Audit Committee, and the Nomination Committee, each with defined terms of reference[190]. - The Remuneration Committee is responsible for recommending remuneration policies and structures for all Directors and senior management, ensuring transparency and preventing conflicts of interest in remuneration decisions[191]. - The annual remuneration of the current senior management is categorized into bands, with one individual earning between HK$1,000,000 to HK$1,500,000[199]. - The Audit Committee monitors financial reporting procedures and reviews significant financial reporting standards and guidelines applied to the financial statements[199]. - The Audit Committee reviews the relationship with external auditors, including their fees and terms of engagement, and makes recommendations to the Board regarding their appointment[199].

卡撒天嬌集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及 其附屬公司（「本集團」）於截至2025年12月31日止年度（「本年度」或「回顧期內」） 的經審核綜合業績如下： 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，概不就因本公告全部或任何部份內容而產 生或因依賴該等內容而引致的任何損失承擔任何責任。 – 1 – Casablanca Group Limited （股份代號：2223） 2025年年度業績公告 | 摘要 | | | | | | | --- | --- | --- | --- | --- | --- | | | | 附註 | 2025年 | 2024年 | 變動 | | 收入 （港幣千元） | | | 236,307 | 247,058 | -4.4% | | （港幣千元） 年內虧損 | | | (14,007) | (11,500) | 21.8% | | 本公司擁有人應佔虧損 | （港幣千元） | | (12,230) | (9,786) | 25.0% | | 毛利率 | | | 67.1 ...

Financial Performance - The company reported a consolidated profit of HK$XX million for the fiscal year, representing a year-over-year increase of XX%[79] - The Group recorded a total revenue of HK$789.2 million for the year ended 31 December 2025, representing an increase of HK$68.1 million, or 9.4%, compared to the previous year[40] - Revenue generated in Hong Kong increased by HK$41.6 million, or 8.3%, from HK$503.7 million in 2024 to HK$545.3 million in 2025, primarily due to selling price adjustments in response to rising coffee bean prices[37] - Revenue from the Chinese Mainland increased by HK$26.8 million, or 13.4%, from HK$200.5 million in 2024 to HK$227.3 million in 2025, mainly driven by higher selling prices of coffee products[38] - The Group's profit for the year decreased by HK$16.4 million, or 27.7%, from HK$59.1 million for the year ended 31 December 2024 to HK$42.7 million for the year ended 31 December 2025, with a net profit margin decline from 8.2% to 5.4%[66][71] Revenue Guidance and Projections - The company provided a revenue guidance for the next fiscal year, projecting an increase of XX% to reach HK$XX billion[79] - New product launches included XX and XX, which are expected to contribute an additional HK$XX million in revenue[79] - Market expansion efforts have led to entry into XX new regions, with an expected revenue contribution of HK$XX million in the first year[79] - Strategic partnerships with XX companies are expected to enhance distribution channels and increase sales by HK$XX million[79] Cost Management and Efficiency - The company has implemented cost-cutting measures that are projected to save HK$XX million annually[79] - The Group plans to enhance tea sales, which have shown stronger profit margins compared to coffee, to improve overall gross profit[24] - The Group is committed to enhancing operational efficiency and exploring new growth opportunities in both Hong Kong and the PRC[28] - The Group's strategic restructuring and automation efforts are aimed at maximizing efficiency and enhancing profit margins amid challenging market conditions[35] Gross Profit and Margins - Gross profit for the year ended 31 December 2025 amounted to HK$222.4 million, a decrease of HK$23.6 million, or 9.6%, compared to the previous year[40] - The gross profit margin decreased from 34.1% in 2024 to 28.2% in 2025, attributed to the surge in coffee bean costs outpacing price adjustments for coffee products[40] - Cost of sales increased by HK$91.5 million, or 19.3%, from HK$475.2 million for the year ended December 31, 2024, to HK$566.7 million for the year ended December 31, 2025, primarily due to rising raw material costs for coffee products[53] Corporate Governance - The Company is committed to high standards of corporate governance, emphasizing transparency, independence, accountability, responsibility, and fairness[138] - The Board has established various committees to manage and oversee specific affairs of the Company, ensuring effective governance[142] - The Company has complied with the code provisions set out in the CG Code, except for the separation of the roles of chairman and chief executive officer[141] - The Board is responsible for developing strategic directions and continuously monitoring the performance of general management[147] Board Composition and Diversity - The Board comprises eight directors, including three executive directors, two non-executive directors, and three independent non-executive directors[152] - The Board has adopted a Board Diversity Policy, reviewed annually, to enhance diversity in terms of gender, age, cultural background, and professional experience[161][162] - As of December 31, 2025, the gender ratio among Directors and senior management is 73% male and 27% female, while the workforce ratio is 59% male and 41% female[168] Risk Management and Internal Controls - The Audit Committee is responsible for reviewing the Company's financial statements and ensuring the effectiveness of risk management and internal control systems[191] - The committee ensured that risk management responsibilities were delegated to oversee the adequacy and effectiveness of financial, operational, and compliance controls[194] - The committee's responsibilities include evaluating the effectiveness of the company's risk management and internal control systems[194] Leadership Experience - Ms. Fan has over 20 years of experience in finance and accounting management, overseeing the overall financial position of the group[106] - Mr. Kam has more than 30 years of experience in marketing and business development, focusing on the group's B2C business[107] - Ms. Yeung has over 25 years of experience in general management and corporate strategy development, currently enhancing operational efficiencies at DCH[110] - Mr. Ho has over 25 years of experience in finance and management across the Asia-Pacific and Middle East regions, serving as General Manager of Group Finance since July 2021[113]

Financial Performance - For the fiscal year ending December 31, 2025, the company reported total revenue of RMB 5,141,209 thousand, an increase from RMB 151,143 thousand in the previous year, indicating significant growth[4] - Gross profit for the same period was RMB 54,941 thousand, up from RMB 47,847 thousand, reflecting a gross margin improvement[4] - The net profit for the year was RMB 44,643 thousand, compared to RMB 24,226 thousand in the previous year, representing an increase of approximately 84.5%[4] - The total comprehensive income for the year was RMB 44,509 thousand, up from RMB 24,564 thousand, showing a growth of about 81%[5] - The company's earnings per share increased to RMB 7.73 from RMB 4.28, marking a significant rise in shareholder value[5] - The company reported a net profit of RMB 44,643,000 for the year ending December 31, 2025, compared to a net profit of RMB 24,352,000 for the previous year, representing an increase of 83.5%[8] - The company recorded a comprehensive income of RMB 44,509,000 for the year, significantly higher than the previous year's comprehensive income of RMB 24,564,000, marking an increase of 81.1%[8] - The company recorded a profit attributable to owners of approximately RMB 44.6 million in 2025, an increase from RMB 24.4 million in 2024, driven by higher sales prices of previously acquired script rights and reduced administrative expenses[50] Assets and Liabilities - Total assets as of December 31, 2025, were RMB 456,744 thousand, compared to RMB 410,856 thousand in the previous year, indicating a growth of approximately 11.2%[6] - The company's total liabilities increased slightly to RMB 105,220 thousand from RMB 103,841 thousand, reflecting a manageable increase in financial obligations[7] - The net asset value rose to RMB 351,524 thousand from RMB 307,015 thousand, representing a growth of about 14.5%[7] - Total trade receivables rose to RMB 180,442,000 in 2025, up from RMB 167,462,000 in 2024, marking an increase of 7.4%[36] - The net amount of trade receivables after impairment provisions was RMB 177,957,000 in 2025, compared to RMB 162,453,000 in 2024, reflecting a growth of 9.6%[36] - The company's total liabilities decreased slightly to RMB 1,003,000 in 2025 from RMB 1,011,000 in 2024, a reduction of 0.8%[8] Revenue Streams - Total revenue from customer contracts reached RMB 141,209 thousand, with RMB 140,553 thousand from script rights and program sales[22] - Revenue from script rights and program sales in China decreased to RMB 140,553,000 in 2025 from RMB 148,185,000 in 2024, a decline of 5.5%[27] - The company’s revenue from live streaming sales increased to RMB 405,000 in 2025 from RMB 339,000 in 2024, a growth of 19.5%[29] - Revenue from drama/film production and related services was approximately RMB 140.6 million in 2025, down from RMB 148.2 million in 2024, primarily due to a decrease in the number of script rights and projects sold[54] - The revenue from event planning decreased significantly from approximately RMB 2.2 million in 2024 to about RMB 0.3 million in 2025, mainly due to the absence of organized concerts[55] - The mobile application development and operation segment generated revenue of RMB 405 thousand[22] - The concert and event planning segment generated revenue of RMB 251 thousand from organizing services[22] Expenses and Costs - Selling and distribution costs were approximately RMB 1.9 million in 2025, a decrease of about 16.7% from RMB 2.3 million in 2024, primarily due to reduced employee costs[47] - The company reported a significant reduction in impairment provisions for trade receivables, decreasing from RMB 5,009,000 in 2024 to RMB 2,485,000 in 2025, a decrease of 50.5%[36] - The company recognized a reversal of impairment losses under the expected credit loss model amounting to RMB 2,512 thousand[22] - Interest income for the period was RMB 3 thousand, while interest expenses totaled RMB 483 thousand[22] Shareholder Information - The company did not declare any dividends for the year, consistent with the previous year[34] - The board of directors does not recommend the distribution of any dividends for the fiscal year ending December 31, 2025[70] - The average number of ordinary shares outstanding increased to 577,798,000 in 2025 from 568,593,000 in 2024, an increase of 1.4%[35] Corporate Governance and Future Plans - The board has adopted corporate governance practices in line with GEM listing rules, ensuring compliance and enhancing performance[65] - The company has established an audit committee consisting of three independent non-executive directors to oversee financial controls and risk management[69] - The company is focused on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[4] - The group plans to continue expanding its live streaming business on platforms like Douyin, including deep collaborations with merchants and training of hosts[56] - The group aims to build a more comprehensive team of artists and athletes to enhance its value, despite facing various external challenges[57] Upcoming Events - The annual general meeting for 2026 is scheduled for June 12, 2026, with a notice to be published in due course[72] - Share transfer registration will be suspended from June 9, 2026, to June 12, 2026, to determine the eligibility of shareholders attending the annual general meeting[73] - The annual results announcement will be published on the Hong Kong Stock Exchange and the company's website, with the annual report available for shareholders upon request[74]

Financial Performance - For the fiscal year ending December 31, 2025, the company's revenue was RMB 1,986.0 million, a decrease of 4.6% from RMB 2,080.9 million in 2024[3] - The gross profit for 2025 was RMB 1,522.1 million, down 3.8% from RMB 1,582.7 million in 2024[3] - The net profit for 2025 was RMB 140.9 million, a decline of 19.7% compared to RMB 175.4 million in 2024[3] - Operating profit for 2025 was RMB 165.972 million, down from RMB 191.954 million in 2024[26] - The company's gross profit for 2025 was RMB 1,522.1 million, a decrease of 3.8% from RMB 1,582.7 million in 2024, with a stable gross margin of 76.6%[30] - Operating profit decreased to RMB 165,972 thousand in 2025, compared to RMB 191,954 thousand in 2024, reflecting a decline of 13.5%[66] - The net profit for the year was RMB 140,920 thousand, a decrease of 19.7% from RMB 175,449 thousand in 2024[66] - Profit before tax for 2025 was RMB 152.8 million, compared to RMB 189.8 million in 2024[37] - The net profit for 2025 was RMB 140.9 million, down from RMB 175.4 million in 2024, mainly due to decreased other income and increased foreign exchange losses[39] User Metrics - The number of registered individual users increased by 10.0% to 116.1 million in 2025, up from 105.5 million in 2024[10] - The number of annual paid individual users decreased by 8.6% to 90,773 in 2025, down from 99,354 in 2024[10] - The number of verified enterprise users increased by 3.2% to 1,473,748 in 2025, compared to 1,428,188 in 2024[10] - The number of registered job seekers reached 116.1 million, showing a year-on-year growth of 10%[12] - The number of paid enterprise clients increased to 72,000, reflecting a year-on-year growth of 5.3%[12] AI and Technology - AI skills in resumes increased by 81.8% year-on-year, indicating a growing demand for AI talent across various industries[9] - The company aims to leverage AI technology to enhance its human resources services and improve job matching efficiency[9] - The cash revenue from AI products exceeded RMB 100 million, accounting for 5% of total operating income[14] - The customer coverage rate for AI accounts reached 93% by the end of the year[16] - 65% of job orders can be delivered to candidates with communication intent within 2 hours[18] - The consistency of interview assessment results from the AI interview system with expert evaluations reached over 95%[19] - The monthly repeat initiation rate for the AI candidate selection product increased to 66% by the end of 2025[18] - The company’s AI product matrix has been fully deployed across enterprise, headhunter, and user segments[21] - The new AI recruitment account, AI-Pro, was officially launched in Q4 2025, enhancing the recruitment process efficiency[16] - The company launched new AI features, including AI voice answering and AI questionnaire poster promotion, enhancing its product offerings[22] Revenue Breakdown - Revenue from talent acquisition and other HR services for corporate clients was RMB 1,651.8 million, accounting for 83.2% of total revenue, down 6.2% from RMB 1,761.3 million in 2024[27] - Revenue from talent development services for individual users reached RMB 333.6 million, representing 16.8% of total revenue, an increase of 5.0% from RMB 317.8 million in 2024[27] Expenses and Costs - In 2025, the sales and marketing expenses amounted to RMB 896.6 million, a decrease of 1.3% from RMB 908.8 million in 2024, with the percentage of sales and marketing expenses to revenue rising from 43.7% in 2024 to 45.1% in 2025[31] - General and administrative expenses for 2025 were RMB 278.7 million, down 11.6% from RMB 315.4 million in 2024, with the percentage of these expenses to revenue decreasing from 15.2% in 2024 to 14.0% in 2025[32] - Research and development expenses in 2025 were RMB 272.1 million, a decrease of 10.4% from RMB 303.8 million in 2024, with the percentage of R&D expenses to revenue declining from 14.6% in 2024 to 13.7% in 2025[33] - The cost of revenue for 2025 was RMB 463.9 million, a decrease of 6.9% from RMB 498.2 million in 2024[29] Cash Flow and Investments - Cash generated from operating activities in 2025 was RMB 228.9 million, significantly higher than RMB 92.5 million in 2024, attributed to cost-saving measures and improved cash collection in the second half of 2025[46] - Total capital expenditures and long-term investments in 2025 amounted to RMB 51.4 million, up from RMB 22.5 million in 2024, reflecting increased payments for property, plant, equipment, and equity investments[50] - The company reported a net cash inflow from investing activities of RMB 291,997 thousand in 2025, up from RMB 179,110 thousand in 2024[71] Shareholder Information - The company proposed a final dividend of HKD 0.20 per share for shareholders[6] - The board proposed a final cash dividend of HKD 0.20 per share, subject to shareholder approval at the annual general meeting on June 3, 2026[99] - The record date for shareholders to qualify for the proposed final dividend is June 10, 2026[102] - The company repurchased a total of 9,578,600 shares at a total cost of approximately HKD 37.5 million, with a price range of HKD 3.62 to HKD 4.10 per share[95] Compliance and Governance - The company’s audit committee reviewed the financial performance for the year ended December 31, 2025, and confirmed compliance with relevant accounting standards[96] - The company has adopted the corporate governance code and has complied with its provisions throughout the reporting period[91] - No significant events affecting the group occurred after the reporting period, ensuring stability in operations[98] Financial Position - As of December 31, 2025, the company's debt-to-equity ratio is 1.50%, up from 1.27% on December 31, 2024[51] - Total cash and cash equivalents amounted to RMB 952,418 thousand as of December 31, 2025, an increase from RMB 810,235 thousand in 2024[68] - The company’s equity attributable to shareholders decreased to RMB 2,887,057 thousand in 2025 from RMB 3,064,066 thousand in 2024[69] - The company’s total liabilities decreased to RMB 29,986 thousand in 2025 from RMB 41,069 thousand in 2024[69] - Accounts payable to third parties decreased from RMB 90,466 thousand in 2024 to RMB 79,086 thousand in 2025, a reduction of approximately 12.8%[85]

Financial Performance - Revenue for the year ended December 31, 2025, was RMB 1,617,713, a decrease of 16.5% compared to RMB 1,938,246 in 2024[3] - Gross profit for the same period was RMB 147,188, down 30.5% from RMB 211,827 in 2024, resulting in a gross margin of 9.1%[3] - Net profit for the year was RMB 40,248, a decline of 56.5% from RMB 92,445 in 2024, leading to a net profit margin of 2.5%[3] - Basic earnings per share decreased to RMB 6.64 from RMB 15.25, reflecting a drop of 56.4% year-over-year[3] - The company reported a total comprehensive income of RMB 39,554 for 2025, down from RMB 92,775 in 2024[5] - The group reported a pre-tax profit of RMB 44,569,000 from continuing operations in 2025, down from RMB 107,949,000 in 2024, a decrease of 58.8%[27] - The company's net profit attributable to equity shareholders for 2025 is RMB 40,248,000, while for 2024 it was RMB 92,445,000, indicating a significant decrease of 56.5%[42] Revenue Breakdown - For the fiscal year 2025, the total revenue from continuing operations was RMB 1,617,713,000, a decrease of 16.5% compared to RMB 1,938,246,000 in 2024[22] - The sales of cold-rolled steel coils generated RMB 171,922,000 in 2025, up from RMB 159,227,000 in 2024, reflecting a growth of 8.6%[22] - The sales of non-color coated galvanized steel products decreased to RMB 846,348,000 in 2025 from RMB 1,025,588,000 in 2024, a decline of 17.5%[22] - The sales of color-coated galvanized steel products also saw a decline, dropping to RMB 599,443,000 in 2025 from RMB 753,431,000 in 2024, a decrease of 20.5%[22] - Revenue from property management services, which is part of discontinued operations, was RMB 1,029,000 in 2025, significantly lower than RMB 6,165,000 in 2024[22] Cash Flow and Liquidity - The net cash flow from operating activities was RMB (138,000) in 2025, compared to RMB (373,000) in 2024, indicating an improvement in cash flow[20] - The company reported a net cash inflow of RMB 199,000 for the fiscal year 2025, contrasting with a net outflow of RMB (496,000) in 2024[20] - The total cash and cash equivalents as of February 28, 2025, amounted to RMB 1,301,000[20] - As of December 31, 2025, the group had bank deposits and cash of approximately RMB 211,362,000, down from RMB 239,102,000 in 2024[76] - The current ratio remained stable at 1.9 for both 2025 and 2024, indicating consistent liquidity management[3] Assets and Liabilities - Total assets decreased slightly to RMB 1,352,287 from RMB 1,341,040 in 2024, while total liabilities also saw a minor reduction[6] - Inventory increased to RMB 488,123 from RMB 433,554, suggesting a potential buildup of stock[6] - Trade receivables rose to RMB 480,134 from RMB 469,839, indicating a slight increase in credit sales[6] - The company has a total of RMB 255,296,000 in trade payables and notes payable for 2025, down from RMB 327,212,000 in 2024, reflecting a decrease of 22.0%[49] - The company has a contract liability of RMB 263,066,000 as of December 31, 2025, compared to RMB 357,820,000 in 2024, showing a decrease of 26.5%[49] Operational Highlights - The company continues to focus on manufacturing and sales of steel products, with no new product launches or significant market expansion mentioned in the report[7] - The group sold its wholly-owned subsidiaries in the Philippines for a cash consideration of RMB 1,638,000, focusing on its core business of manufacturing and selling steel products[18] - The group has divested its property management business in the Philippines as it did not meet expectations, which had a minimal impact on overall revenue[61] Cost Management - Administrative expenses for discontinued operations were RMB (250,000) for the period, compared to RMB (1,602,000) for the previous year[19] - Sales expenses reduced from RMB 69,834,000 in 2024 to RMB 65,738,000 in 2025, mainly due to decreased transportation costs[69] - Administrative expenses decreased from RMB 28,249,000 in 2024 to RMB 25,729,000 in 2025[70] - Financial costs decreased from RMB 18,244,000 in 2024 to RMB 13,601,000 in 2025, attributed to lower bank loan interest rates[71] Future Outlook - The group plans to focus on high-end, green, and customized products while expanding into kitchen, bathroom, and small appliances sectors[63] - The group anticipates that the home appliance market in 2026 will exhibit characteristics of policy support, structural upgrades, and accelerated overseas expansion[62] Corporate Governance - The company has adopted the standard code of conduct for securities trading as per the listing rules, confirming compliance by all directors for the fiscal year ending December 31, 2025[87] - The board believes that good corporate governance is crucial for the company's success and shareholder value, and has adhered to all applicable corporate governance codes throughout the year[89] - The audit committee, consisting of three independent non-executive directors, has reviewed the audited consolidated results for the fiscal year ending December 31, 2025[91] - The company's auditor, KPMG, confirmed that the financial data disclosed in the preliminary announcement aligns with the audited consolidated financial statements for the fiscal year ending December 31, 2025[92] Shareholder Information - No final dividend is recommended for the fiscal year ending December 31, 2025[94] - The annual general meeting is scheduled for June 12, 2026, with a notice to be sent to shareholders in due course[95] - A temporary suspension of share transfer registration will occur from June 9 to June 12, 2026, to determine eligible shareholders for the annual general meeting[96] - The annual report for the fiscal year ending December 31, 2025, will be sent to shareholders and available on the company's website[97] - The company expresses gratitude to all directors, management, and employees for their contributions over the past year[98]

Financial Performance - Total revenue for the year ended December 31, 2025, was approximately RMB 1.22 billion, a decrease of about 10.0% year-on-year[3] - Gross profit was approximately RMB 313 million, down RMB 72.5 million, with a gross margin of approximately 25.6%, a decline of about 2.8 percentage points year-on-year[3] - Net profit for the year was approximately RMB 48.4 million, a decrease of about RMB 37.9 million or approximately 43.9% year-on-year[5] - Core net profit, excluding non-recurring and non-operating items, was approximately RMB 104 million, a slight decrease of about RMB 0.9 million, remaining relatively stable[5] - The company reported a significant decrease in foreign exchange gains of approximately RMB 26.5 million, primarily due to the depreciation of the USD and HKD against the RMB[3] - The company reported a pre-tax profit of RMB 72.4 million, down from RMB 110.4 million in the previous year[6] - The company experienced a significant decline in revenue and profit from its invested medical beauty companies due to intensified market competition[3] - The company's profit attributable to shareholders decreased to RMB 51,568 thousand in 2025 from RMB 96,216 thousand in 2024, a decrease of about 46.3%[39] Revenue Breakdown - Revenue from property management services accounted for approximately 87.2% of total revenue, while commercial operation services contributed about 12.8%[73] - Property management services revenue decreased to RMB 906,042 thousand in 2025 from RMB 1,027,106 thousand in 2024, representing a decline of approximately 12%[19] - The revenue from community value-added services was RMB 153.3 million in 2025, down RMB 17.6 million or 10.3% from RMB 170.9 million in 2024[77] - The total revenue from commercial operation services for 2025 was RMB 156.2 million, an increase of RMB 4.2 million or 2.7% from RMB 152.1 million in 2024[82] - Basic property management services revenue fell by approximately RMB 121.1 million or 11.8%, while community value-added services revenue decreased by about RMB 17.6 million or 10.3%[75] Expenses and Liabilities - Administrative expenses were approximately RMB 85.7 million, compared to RMB 91.7 million in the previous year[6] - The total liabilities as of December 31, 2025, are approximately RMB 996.9 million, reduced from approximately RMB 1,114.1 million as of December 31, 2024[94] - The total liabilities for trade and other payables decreased to RMB 679,208 thousand in 2025 from RMB 795,462 thousand in 2024, a decline of approximately 14.6%[44] - The total employee costs decreased to RMB 234,367 thousand in 2025 from RMB 245,413 thousand in 2024, a reduction of about 4.5%[36] Strategic Initiatives - The company has implemented a strategy focusing on "quality improvement" and "innovation expansion," enhancing operational efficiency through process reengineering and cost reduction[48] - The company has established a "basic service + value-added ecosystem" development framework, focusing on high-potential areas such as elderly and child care services[51] - The group plans to enhance service capabilities through customized training and standardized service processes to ensure effective communication with property owners[66] - The group aims to strengthen its business ecosystem by introducing quality brands that align with project positioning, enhancing customer flow conversion efficiency[67] - The group is focused on developing a comprehensive service scenario that integrates culture, tourism, and health, leveraging successful industry experiences[70] Governance and Compliance - The company has adopted a corporate governance code as the basis for its governance practices[123] - The board consists of two executive directors, three non-executive directors, and three independent non-executive directors, ensuring a proper balance of power[124] - The company has adopted the standard code of conduct for securities trading by directors as per the listing rules, confirming compliance by all directors this year[125] Market and Operational Insights - The company has successfully launched a range of community value-added services, including health management and property rental, contributing to stable growth[51] - The group is exploring the integration of "business + cultural tourism," with various themed events driving significant increases in customer traffic and sales[58] - The group is advancing smart property management by leveraging AI and big data for real-time service quality monitoring and customer demand insights[62] - The group is committed to enhancing community quality through a comprehensive quality control system, focusing on environmental, facility, and safety management[63]

Financial Performance - The group reported a total revenue of approximately RMB 13,677.6 million, representing a year-on-year increase of about 7.2%[5] - Gross profit for the year was approximately RMB 2,504.6 million, reflecting a year-on-year growth of about 2.5%[5] - Net profit amounted to approximately RMB 1,009.1 million, showing a year-on-year decline of about 2.2%[5] - For the fiscal year ending December 31, 2025, the company's revenue reached RMB 13,677,623 thousand, an increase of 7.2% from RMB 12,756,687 thousand in 2024[20] - The property management services segment generated RMB 11,498,178 thousand in revenue for 2025, up from RMB 10,688,681 thousand in 2024, reflecting an increase of 7.6%[20] - Other income for the fiscal year 2025 totaled RMB 104,227 thousand, a significant decrease of 43.7% compared to RMB 185,275 thousand in 2024[26] - The company reported a profit attributable to owners of RMB 986,573, down 3.3% from RMB 1,020,987 in 2024[34] - Community life service revenue for 2025 is expected to be nearly RMB 150 million, a year-on-year increase of about 36.8%[59] - Asset management transactions for 2025 are projected to exceed RMB 6.9 billion, with revenue exceeding RMB 100 million, a year-on-year growth of about 42.1%[59] Assets and Liabilities - Total assets reached approximately RMB 9,614.6 million, compared to RMB 8,710.3 million in the previous year[7] - Total liabilities decreased slightly to approximately RMB 7,664.8 million from RMB 7,733.2 million[8] - The equity attributable to the owners of the company increased significantly to approximately RMB 1,603.6 million from RMB 554.6 million[7] - The company reported contract liabilities of RMB 2,623,690 thousand as of December 31, 2025, a decrease of 4.8% from RMB 2,755,007 thousand on January 1, 2024[22] - The company's contract liabilities decreased to approximately RMB 2,623.7 million as of December 31, 2025, down by about RMB 131.3 million from RMB 2,755.0 million as of December 31, 2024, mainly due to a reduction in prepaid property service fees[91] Cash Flow and Financial Position - Cash and cash equivalents increased to approximately RMB 4,189.5 million, marking a year-on-year growth of about 55.3%[5] - The company's cash and cash equivalents totaled approximately RMB 4,310.5 million as of December 31, 2025, an increase of about RMB 1,475.6 million from RMB 2,834.9 million as of December 31, 2024, primarily due to increased net cash inflow from operating activities[93] - The company's current ratio improved to approximately 1.01 times as of December 31, 2025, compared to 0.87 times as of December 31, 2024[93] - As of December 31, 2025, the company had no borrowings, resulting in a capital debt ratio of zero[93] Operational Highlights - The group managed an area of approximately 601 million square meters, with new signed contracts totaling approximately 45 million square meters, generating a contract revenue of over RMB 1.1 billion, up about 7.3% year-on-year[3] - The total managed area increased to approximately 601 million square meters by December 31, 2025, up about 2.2 million square meters from 579 million square meters as of December 31, 2024[73] - The company’s management services include property management, community living services, asset management, and community operation services, with the majority of revenue generated from these segments[18] - The company is transitioning from traditional service providers to integrated service operators, focusing on "property + lifestyle services" to enhance growth potential[52] - The group plans to enhance core competitiveness through service value deepening, market expansion, and technological innovation[63] Employee and Governance - The total employee cost for the year was approximately RMB 6,717.7 million, with a total of 100,567 employees as of December 31, 2025[102] - The number of key management personnel increased to 8 in 2025 from 5 in 2024, with total compensation rising to RMB 9,801,000 from RMB 5,646,000[49] - Total training hours for all employees reached 700,000 hours, with an average training time of 7 hours per employee[104] - The company has complied with all applicable code provisions of the Corporate Governance Code as of December 31, 2025[113] - The audit committee, consisting of three independent non-executive directors, has reviewed the financial statements for the year ending December 31, 2025[117] Challenges and Future Outlook - The company faced challenges with accounts receivable collection, leading to extended collection periods and increased cash flow pressure[52] - The company has faced significant uncertainties regarding the recovery of losses related to deposit pledges, with ongoing litigation against China Evergrande Group and related parties[99] - The company is actively pursuing organizational changes and digital transformation to strengthen its operational foundation and ensure sustainable development[53] - The company aims to balance cost reduction and quality improvement amid rising rigid costs and regulatory challenges in the industry[52] - The company is committed to integrating technology and data to drive growth and enhance service quality, focusing on AI-driven innovations[67]

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。 Fortior Technology (Shenzhen) Co., Ltd. 峰岹科技（深圳）股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1304) 截 至2025年12月31日止年度業績公告 本集團財務摘要 – 1 – 1. 截 至2025年12月31日止年度本集團收入約為人民幣773.9百 萬 元， 較 2024年全年度約人民幣600.3百萬元上升28.9%。 2. 截 至2025年12月31日止年度本集團毛利約為人民幣400.7百 萬 元， 較 2024年全年度約人民幣316.0百萬元上升26.8%。 3. 截 至2025年12月31日止年度本集團溢利約為人民幣218.9百 萬 元， 較 2024年全年度約人民幣222.4百萬元下降1.5%。主要由於2024年11月公司 實 施2024年 限 制 性 股 票 激 勵 計 劃，報 告 期 內 計 提 的 以 股 份 為 基 ...

Financial Performance - The company reported total revenue of HKD 73,353,000 for the year ending December 31, 2025, a decrease of 11.5% from HKD 82,817,000 in 2024[3] - The net profit attributable to owners for the year was HKD 3,679,474, a turnaround from a loss of HKD 8,054,095 in 2024[3] - The company’s basic and diluted earnings per share improved to HKD 0.010 from a loss of HKD 0.028 in 2024[3] - The company reported a profit attributable to owners of HKD 3,679,474 for the year, a significant recovery from a loss of HKD 8,054,095 in 2024[22] - The group recorded revenue of approximately HKD 73,000,000, a decrease from HKD 83,000,000 in the previous year, primarily due to reduced dividend income from listed equity securities[29] - The company reported a dividend income from listed equity investments of HKD 69,125,000 for the year ended December 31, 2025, down from HKD 77,633,000 in 2024[15] Financial Position - Total assets less current liabilities increased to HKD 12,542,249 from HKD 716,439 in 2024, indicating improved financial stability[4] - The company’s total equity increased to HKD 12,180,444 from a deficit of HKD 742,061 in 2024, showing a strong recovery[4] - The company’s cash and cash equivalents rose significantly to HKD 5,261,504 from HKD 354,521 in the previous year[4] - The net asset value per share increased to approximately HKD 0.0282 as of December 31, 2025, compared to a net liability value of HKD 0.0026 in 2024[26] - The capital debt ratio as of December 31, 2025, was approximately 0.16, a significant improvement from 1.09 in 2024[41] - As of December 31, 2025, the group's cash and cash equivalents amounted to HKD 5,261,504, significantly up from HKD 354,521 in 2024[40] - The group's net asset value as of December 31, 2025, was HKD 12,180,444, compared to a net liability of HKD 742,061 in 2024[40] Operational Challenges - The company recorded a net cash outflow from operating activities of HKD 3,182,026, raising concerns about its ability to continue as a going concern[9] - The company has implemented plans to alleviate liquidity pressure and improve its financial condition, including potential asset sales[9] - The group anticipates a challenging global economic environment in the near term and will adopt prudent measures to manage existing investments[61] Corporate Actions - The company plans to change its name to "WebX Holding Group Limited" to better reflect its business focus[5] - The company announced a rights issue to raise up to approximately HKD 10.08 million, with a subscription price of HKD 0.07 per share, completed on July 8, 2025[45] - The net proceeds from the rights issue were approximately HKD 9.2 million, intended for general working capital and repayment of outstanding debts[45] - The company has actively explored various financing methods, including placements, debt financing, and rights issues during the year[41] Governance and Compliance - The company is committed to maintaining high standards of corporate governance and has complied with the relevant codes[68] - The group has maintained a sufficient public float exceeding 25% of the issued share capital as of the announcement date[69] - The company has adopted the standard code of conduct for securities trading by directors as per the listing rules, confirming compliance for the current year[73] - The group has complied with all relevant laws and regulations that significantly impact its business operations, with no major violations reported as of December 31, 2025[74] - The audit committee, consisting of three independent non-executive directors, has reviewed the audited consolidated financial statements for the year ending December 31, 2025[75] - The figures for the group's consolidated performance for the year ending December 31, 2025, have been agreed upon by the auditors, ensuring consistency with the audited financial statements[76] Investment Performance - The company completed the sale of its entire interest in CEIG One Limited and CEIG Two Limited, generating a sale gain of HKD 681,555[27] - The group recorded unrealized gains from its investment in New Silk Road Cultural Tourism of HKD 446,500, compared to an unrealized loss of HKD 70,300 in 2024[39] - The group's investment portfolio includes major companies such as Alibaba, Tencent, and Dingli Capital, with a total unrealized gain of approximately HKD 2,864,000[32] - The group's holdings in Alibaba represent approximately 24.72% of total assets, with a fair value of HKD 3,570,000, up from HKD 2,060,000 the previous year[34] - The group's holdings in Tencent account for approximately 12.44% of total assets, with a fair value of HKD 1,797,000, down from HKD 1,876,500 the previous year[36] - Dingli Capital reported a profit of approximately HKD 2.03 million, a turnaround from a loss of HKD 12.01 million the previous year, primarily due to a fair value gain of HKD 8.87 million on financial assets[37] Employee and Administrative Costs - The group's administrative and other operating expenses decreased to approximately HKD 5,444,000 from HKD 9,074,000, mainly due to some directors waiving their salaries[30] - The total employee costs for the fiscal year ending December 31, 2025, amounted to HKD 2,098,000, down from HKD 4,521,000 in 2024[54] Future Outlook - The company expects to adopt new accounting standards effective from January 1, 2027, with no significant impact anticipated on its financial performance[14] - The company has not engaged in any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period[59] - The company has no significant investments or capital asset agreements signed as of the announcement date, but will consider future investment opportunities[60] Shareholder Communication - The annual performance announcement is available on the Hong Kong Stock Exchange website and the company's website, with a full annual report to be sent to shareholders who opted for printed copies[77] - The company's annual general meeting is scheduled to be held on a date determined by the board, with notifications to be published and sent to shareholders[78]