Financial Performance - Total revenue for the year ended December 31, 2025, was HKD 241,291,000, a decrease of 7.6% compared to HKD 261,076,000 in 2024[6] - Profit attributable to shareholders decreased by 36.5% to HKD 18,444,000 from HKD 29,065,000, primarily due to increased tax provisions[4] - Basic earnings per share fell to HKD 7.59 from HKD 11.95, a decline of 36.5% year-on-year[4] - The total revenue for the group in 2025 is projected to be HKD 241,291,000, a decrease from HKD 261,076,000 in 2024, representing a decline of approximately 7.3%[18] - The adjusted profit before tax for the group is projected to be HKD 35,277,000 in 2025, down from HKD 39,328,000 in 2024, representing a decline of approximately 10.5%[18] - The group's profit before tax for 2025 was HKD 153,013,000, a decrease of 3.99% from HKD 158,268,000 in 2024[34] - Shareholders' profit attributable decreased by HKD 10.6 million, or 36.5%, to HKD 18.4 million (2024: HKD 29.1 million), with a net profit margin narrowing to 7.6% (2024: 11.1%) due to valuation losses and additional tax provisions[72] Operating Profit and Margins - Operating profit increased by 21.8% to HKD 35,989,000 from HKD 29,558,000, reflecting improved cost management and project execution capabilities[5] - Operating profit increased by HKD 6.4 million, or 21.8%, to HKD 36 million (2024: HKD 29.6 million), resulting in an operating profit margin of 14.9%, up from 11.3% last year[68] - Gross profit margin increased to 58.1% from 54.8% in the previous year, reflecting improved cost management[52] Revenue Segments - The application services segment is expected to generate revenue of HKD 136,444,000 in 2025, down from HKD 143,358,000 in 2024, indicating a decrease of about 5.9%[17] - The solutions and integration services segment is forecasted to earn HKD 103,260,000 in 2025, compared to HKD 116,096,000 in 2024, reflecting a decline of approximately 11.1%[17] - Revenue from external customers in Hong Kong and other regions for 2025 is HKD 201,363,000, down from HKD 218,306,000 in 2024, a decrease of about 7.8%[23] - Revenue from external customers in Mainland China for 2025 is HKD 39,928,000, down from HKD 42,770,000 in 2024, a decline of approximately 6.5%[23] - The solutions and integration services segment recorded revenue of HKD 103.3 million, a decrease of 11.1% from HKD 116.1 million in the previous fiscal year, attributed to reduced project income involving third-party products and services[57] Investment and Assets - The loss in fair value of investment properties increased significantly by 160% to HKD 13,000,000 from HKD 5,000,000, impacting overall profitability[4] - Non-current assets decreased to HKD 208,980,000 from HKD 238,005,000, primarily due to a decline in investment properties[9] - Total segment assets are expected to decrease to HKD 280,588,000 in 2025 from HKD 310,519,000 in 2024, a reduction of about 9.6%[18] - The investment segment reported a loss of HKD 10.8 million due to a fair value decrease of HKD 13 million, compared to a loss of HKD 3.5 million in the previous year[60] Cash and Dividends - The company maintained a zero-debt status with a strong cash balance exceeding HKD 345,222,000, up from HKD 128,907,000 in the previous year[5] - The total dividend for the year was reduced by 9.1% to HKD 0.10 per share, down from HKD 0.11 per share, demonstrating the company's commitment to shareholder returns despite lower profits[5] - The company declared an interim dividend of HKD 0.045 per share for 2025, compared to no interim dividend in 2024[42] - The board declared a second interim dividend of 4.5 HK cents per share, compared to 0 HK cents for the second interim dividend and 5.5 HK cents for the final dividend in 2024[89] Employee and Operational Costs - Employee benefits expenses, including salaries and other benefits, totaled HKD 143,506,000 in 2025, down 2.36% from HKD 147,381,000 in 2024[34] - Employee costs decreased by 3.3% to HKD 153 million (2024: HKD 158.3 million), reflecting the company's ongoing cost management measures[65] - Overall sales and distribution expenses recorded a moderate decline of 7.8% to HKD 34.7 million (2024: HKD 37.7 million) due to targeted market expansion measures[65] Compliance and Governance - The group has adopted HKFRS 21 (Revised) for the first time this year, which does not impact the financial statements due to the nature of the transactions involved[13] - The group has not adopted any other new standards or amendments that are not yet effective, ensuring compliance with current accounting regulations[13] - The audit committee consists of three independent non-executive directors and has reviewed the financial reporting process and internal controls[97] - The company has established an effective risk management framework, with a risk management committee comprising three executive directors and one independent non-executive director[95] Future Outlook and Strategy - The group continues to focus on providing enterprise application software and e-commerce services, including SaaS products and cloud services, as part of its core business strategy[14] - The group plans to expand its overseas business through joint ventures and assess new partnerships and complementary acquisition opportunities to accelerate international development[62] - The group is focusing on innovation and investing in product development, particularly in AI-driven features, to enhance competitiveness and support future growth[56]

Financial Performance - Revenue for the year ended December 31, 2025, increased by 3.2% to HKD 5,558.6 million[2] - Gross profit for the year ended December 31, 2025, decreased by 3.5% to HKD 1,011.6 million, with a gross margin decline of 1.3 percentage points to 18.2%[2] - Operating profit for the year ended December 31, 2025, increased by 1.3% to HKD 424.0 million[2] - Profit before tax for the year ended December 31, 2025, decreased by 0.2% to HKD 426.2 million[2] - Profit attributable to owners of the company for the year ended December 31, 2025, decreased by 0.9% to HKD 380.6 million[2] - The company reported a net profit of HKD 380.4 million for the year, down from HKD 383.6 million in the previous year[4] - Total comprehensive income attributable to owners of the company for the year ended December 31, 2025, was HKD 430.5 million, compared to HKD 346.6 million in the previous year[4] Assets and Liabilities - Total assets increased to HKD 5,523,587 thousand in 2025, up from HKD 5,409,651 thousand in 2024, representing a growth of 2.1%[5] - Non-current assets rose to HKD 1,932,380 thousand in 2025, compared to HKD 1,678,624 thousand in 2024, marking an increase of 15.1%[5] - Current assets decreased to HKD 3,591,207 thousand in 2025, down from HKD 3,731,027 thousand in 2024, a decline of 3.8%[5] - Total liabilities decreased to HKD 3,345,875 thousand in 2025 from HKD 3,558,056 thousand in 2024, a reduction of 5.9%[6] - Equity increased to HKD 2,177,712 thousand in 2025, up from HKD 1,851,595 thousand in 2024, reflecting a growth of 17.6%[6] Cash Flow and Investments - Cash and cash equivalents decreased to HKD 282,369 thousand in 2025 from HKD 328,104 thousand in 2024, a decline of 14.0%[5] - Cash generated from operating activities for the year ending December 31, 2025, was HKD 353.4 million, a decrease from HKD 813.7 million in the previous year, primarily due to accelerated payments to suppliers[96] - The group invested HKD 385.7 million in investing activities for the year ending December 31, 2025, compared to HKD 358.8 million in the previous year, continuing to acquire facilities and machinery[96] Dividends - The board proposed a final dividend of HKD 0.066 per share, with an option for shareholders to receive new shares instead of cash, subject to approval at the 2026 annual general meeting[2] - The proposed final dividend per ordinary share for the year ending December 31, 2025, is 6.6 HKD cents, amounting to 68,006,000 HKD, compared to 6.0 HKD cents and 61,823,000 HKD for the year ending December 31, 2024[37] - The total cash dividend paid in 2025 was 125,707,000 HKD, which includes the final dividend for 2024 and the interim dividend for 2025[36] Segment Performance - Revenue from external customers for the smart charger and controller segment was HKD 2,158,831 thousand in 2025, a slight decrease from HKD 2,009,551 thousand in 2024, indicating a growth of approximately 7.4%[20] - The segment profit for the smart charger and controller was HKD 520,504 thousand in 2025, down from HKD 537,022 thousand in 2024, representing a decline of about 3.0%[20] - The Consumer Power Division saw a slight revenue increase of 5.5% year-on-year to HKD 2,457.1 million, representing 44.2% of total group revenue, with media and entertainment revenue growing by 56.3% to HKD 465.9 million[57] Market Trends and Future Outlook - The global industrial power products market size was USD 11.92 billion in 2025, projected to reach USD 18.68 billion by 2035, with a compound annual growth rate (CAGR) of 4.6%[54] - The electric vehicle battery swap market is projected to grow from $1.62 billion in 2025 to $2.08 billion in 2026, reaching $7.33 billion by 2031, with a compound annual growth rate (CAGR) of 28.61% from 2026 to 2031[70] - The group plans to focus on the development and market deployment of green energy products, including home micro-storage systems and outdoor electric tools, to strengthen its position in the Southeast Asian and global green energy markets[70] Corporate Governance and Compliance - The company has established various committees, including an audit committee, to ensure compliance with corporate governance principles[106] - The company has adopted a standard code for securities trading by directors, ensuring compliance with regulations[108] - The independent auditor confirmed that the consolidated financial statements for the year ending December 31, 2025, are consistent with the reported figures[117] Employee and Human Resources - The group employed approximately 8,000 full-time employees, an increase from about 7,600 in 2024[104] - The company emphasizes the importance of human resources as a key asset and invests in employee training and competitive compensation[104]

Financial Performance - The company reported a consolidated revenue of HKD 29,216,000 for the year ending December 31, 2025, compared to HKD 11,407,000 for the previous year, representing an increase of approximately 156.5%[5] - The net loss attributable to shareholders for the year was HKD 7,993,000, compared to a loss of HKD 17,558,000 in the previous year, reflecting an improvement of approximately 54.5%[5] - The company reported a profit before tax of HKD 7,993,000 for the year ending December 31, 2025, compared to a loss of HKD 17,558,000 in 2024, representing a significant turnaround[23] - The company recorded a profit of approximately HKD 7,993,000 for the year, compared to a loss of about HKD 17,558,000 in the previous period[57] Revenue Breakdown - Brokerage services generated HKD 7,997,000 in commission and service fees for 2025, up from HKD 2,167,000 in 2024, marking a growth of about 269%[15] - Corporate finance advisory service fees increased to HKD 3,500,000 in 2025 from HKD 1,888,000 in 2024, reflecting an increase of approximately 85%[15] - Interest income from securities and IPO financing rose to HKD 12,151,000 in 2025, compared to HKD 5,982,000 in 2024, indicating a growth of around 103%[15] - Revenue from contracts with customers recognized at a point in time was HKD 10,226,000 in 2025, up from HKD 3,316,000 in 2024, which is an increase of approximately 208%[15] - Revenue recognized over time amounted to HKD 6,839,000 in 2025, compared to HKD 2,109,000 in 2024, representing a growth of about 224%[15] Assets and Liabilities - Total assets increased to HKD 366,068,000 in 2025 from HKD 164,423,000 in 2024, marking a growth of about 122.3%[6] - Current liabilities rose significantly to HKD 235,811,000 in 2025 from HKD 42,159,000 in 2024, an increase of approximately 460.5%[6] - The company's equity attributable to owners increased to HKD 130,257,000 in 2025 from HKD 122,264,000 in 2024, a growth of about 6.5%[7] - The company's trade receivables from cash clients increased to HKD 1,929,000 in 2025 from HKD 218,000 in 2024, showing a substantial growth[28] - Margin loans from clients, secured by collateral, reached a market value of HKD 342,723,000 as of December 31, 2025, compared to HKD 201,116,000 in 2024, reflecting a 70.5% increase[29] Expenses - The company incurred administrative and other operating expenses of HKD 29,338,000, up from HKD 28,219,000 in the previous year, indicating a rise of about 3.9%[5] - Total employee benefits expenses, including director remuneration, amounted to HKD 18,126,000 in 2025, up from HKD 16,462,000 in 2024, indicating a 10.1% increase[25] - Financing costs rose by approximately 160.9% from about HKD 918,000 to approximately HKD 2,395,000, primarily due to increased interest expenses on other borrowings[56] Market and Economic Conditions - The average daily trading volume in the Hong Kong securities market increased by 89.5% from HKD 131.8 billion in 2024 to HKD 249.8 billion in 2025[38] - The Hang Seng Index rose by approximately 27.8%, from about 20,060 points at the end of 2024 to approximately 25,631 points at the end of 2025[37] - The total equity raised from the main board IPOs increased by 226.7%, from HKD 87.8 billion in 2024 to HKD 286.8 billion in 2025[38] - The outlook for 2026 anticipates stable economic conditions in Hong Kong, with a projected GDP growth of 2.1%, supported by government stimulus measures and monetary easing policies[58] Corporate Governance and Compliance - The company has adopted trading guidelines in accordance with GEM Listing Rules, confirming compliance by all directors for the year[76] - The audit committee has confirmed that the consolidated financial statements for the year comply with applicable accounting standards and GEM Listing Rules[86] - The board of directors confirms the accuracy and completeness of the information provided in the announcement[89] Shareholder Information - The company did not declare or recommend any dividends for the year ending December 31, 2025, consistent with the previous year[24] - The average number of shares outstanding remained stable at 96,000,000 for both 2025 and 2024, indicating no dilution from share options[25] - The total number of securities available for issuance under the stock option plan is 8,000,000 shares, representing approximately 8.3% of the company's total issued shares of 96,000,000[79]

Financial Performance - Revenue for the year ended December 31, 2025, was RMB 4,887,777, an increase of 4.7% compared to RMB 4,669,078 in 2024[3] - The net loss for the year narrowed to RMB 52,111, a reduction of 86.3% from RMB 379,986 in the previous year[3] - Adjusted net profit for the year was RMB 10,684, an increase of approximately RMB 67.9 million compared to a loss of RMB 57,228 in 2024[3] - The adjusted net profit margin improved to 0.2%, up 1.4 percentage points from a loss margin of 1.2% in 2024[3] - Total revenue for 2025 reached RMB 4,887.8 million, a year-on-year increase of 4.7% from RMB 4,669.1 million in 2024[12] - The company's net loss was reduced to RMB 52.1 million, with adjusted net profit of RMB 10.7 million, which could further increase to RMB 22.6 million after excluding foreign exchange losses of RMB 11.9 million[12] - Gross margin improved to 35.3%, an increase of 2.4 percentage points year-on-year, indicating enhanced profitability[12] - The adjusted net profit reflects the effectiveness of refined operations and cost reduction strategies, indicating potential for continued improvement in profitability[12] - The net loss is expected to decrease by 86.3% from RMB 380.0 million for the year ending December 31, 2024, to RMB 52.1 million for the year ending December 31, 2025[36] - Adjusted net profit/loss (non-IFRS measure) is projected to improve from a loss of RMB 57.2 million in 2024 to a profit of RMB 10.7 million in 2025, with the adjusted net profit margin increasing from -1.2% to 0.2%[39] Revenue Breakdown - Online direct sales revenue was RMB 3,551.2 million, up 8.4% from RMB 3,274.6 million in 2024, while offline retail revenue increased by 3.9% to RMB 646.5 million[14] - Revenue from pharmaceutical and healthcare business rose by 4.5% to RMB 4,744.6 million from RMB 4,539.6 million in 2024[23] - Business distribution revenue decreased by 14.9% to RMB 546.9 million from RMB 642.8 million in 2024[16] - Offline retail revenue increased by 3.9% to RMB 646.5 million compared to RMB 622.2 million in 2024[17] - Other business revenue grew by 10.6% to RMB 143.2 million from RMB 129.5 million in 2024[18] Operational Strategies - The company is focusing on enhancing its digital health services and expanding its AI-driven health management capabilities[6] - The establishment of four intelligent warehouses across different regions aims to achieve 24-hour efficient operations[6] - The company plans to strengthen its core city health services and support long-term profitability through timely health delivery services[8] - AI technology will be deeply integrated into the health service retail chain, transitioning from passive selling to proactive health management[7] - The company is committed to a strategy of "steady operation and high-quality growth," emphasizing product strength, channel power, innovation, professionalism, and organizational capability[8] - The company aims to leverage data resources and technological advantages to expand the boundaries of intelligent applications in health services[6] - The company is focusing on optimizing its supply chain and logistics capabilities, particularly in specialized areas such as diabetes and dermatology, to enhance user service and ensure safe medication[14] - The company is actively expanding its smart pharmacy network in key cities like Beijing, Shanghai, and Shenzhen, aiming to strengthen its market presence[13] - The company is pursuing a strategy that combines health management and retail services, focusing on innovative health products and services[13] Expenses and Financial Management - Sales and marketing expenses are expected to increase by 8.5% from RMB 1,013.3 million for the year ending December 31, 2024, to RMB 1,099.4 million for the year ending December 31, 2025, with the percentage of revenue rising from 21.7% to 22.5%[27] - Research and development expenses are projected to decrease by 11.1% from RMB 61.2 million for the year ending December 31, 2024, to RMB 54.4 million for the year ending December 31, 2025, with the percentage of revenue declining from 1.3% to 1.1%[28] - General and administrative expenses are expected to decrease by 24.4% from RMB 229.7 million for the year ending December 31, 2024, to RMB 173.6 million for the year ending December 31, 2025, with the percentage of revenue falling from 4.9% to 3.6%[29] - Financial costs are expected to increase by 39.3% from RMB 8.9 million for the year ending December 31, 2024, to RMB 12.4 million for the year ending December 31, 2025[32] - Income tax expenses are projected to increase by 116.2% from RMB 9.9 million for the year ending December 31, 2024, to RMB 21.4 million for the year ending December 31, 2025, mainly due to an increase in taxable income[35] Assets and Liabilities - Total assets increased to RMB 2,834,171 thousand in 2025 from RMB 2,632,675 thousand in 2024, showing a growth of approximately 7.6%[49] - Current assets totaled RMB 2,135,984 thousand in 2025, slightly down from RMB 2,201,613 thousand in 2024, a decrease of about 3%[46] - The company reported a total equity of RMB 1,674,909 thousand in 2025, a slight decrease from RMB 1,680,230 thousand in 2024[49] - The total liabilities increased to RMB 1,159,262 thousand in 2025 from RMB 952,445 thousand in 2024, an increase of about 21.7%[49] - The company’s cash and cash equivalents decreased to RMB 429,323 thousand in 2025 from RMB 1,217,954 thousand in 2024, a decline of approximately 64.7%[46] Shareholder Information - The company did not declare or recommend any dividends to ordinary shareholders for the year ended December 31, 2025, consistent with the previous year[77] - The company has implemented a share incentive plan involving a total of 87,993,330 shares, representing approximately 6.8% of the total issued share capital as of December 31, 2025[98] - The company has repurchased a total of 9,256,500 shares at a total cost of approximately 10.0 million HKD, aimed at enhancing long-term shareholder value[105] - The company will not recommend a final dividend for the year ending December 31, 2025, consistent with the previous year[108] Compliance and Governance - The company has maintained compliance with corporate governance standards and has adopted the relevant rules from the Hong Kong Stock Exchange[101] - The group has established an audit committee consisting of three independent non-executive directors, with Mr. Jiang Shan as the chairman[111] - The audit committee has reviewed the audited consolidated financial statements for the year ending December 31, 2025, and discussed accounting policies and internal controls with senior management and the auditors[112] - The annual performance announcement will be published on the Hong Kong Stock Exchange and the company's website, with the annual report to be sent to shareholders upon request[113]

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之任何損失承擔任何責任。 SOUNDWILL HOLDINGS LIMITED 金朝陽集團有限公司 * （於百慕達註冊成立之有限公司） – 1 – 業績 金朝陽集團有限公司（「本公司」）之董事（「董事」）會（「董事會」）宣佈本公司及其附屬公司 （「本集團」）截至二零二五年十二月三十一日止年度之經審核綜合業績及去年同期之比較 數字如下： 綜合損益及其他全面收入表 截至二零二五年十二月三十一日止年度 （股份代號：878） 截至二零二五年十二月三十一日止年度之全年業績 財務摘要 | | 截至十二月三十一日止年度 | | | --- | --- | --- | | | 二零二五年 | 二零二四年 | | | 港幣百萬元 | 港幣百萬元 | | 收益 | 358 | 1,230 | | 除所得稅開支及投資物業公平值 | | | | 虧損淨額前溢利 | 204 | 493 | | 投資物業公平值虧損淨額 | (2,314) | (2,901 ...

Financial Performance - For the fiscal year ending December 31, 2025, the company reported interest income of RMB 172,334,000, a decrease of 12.2% from RMB 196,354,000 in 2024[4] - Net interest income for 2025 was RMB 142,913,000, down 8.3% from RMB 155,842,000 in the previous year[4] - The company recorded a total profit and comprehensive income of RMB 62,246,000 for 2025, a decline of 4.9% compared to RMB 65,397,000 in 2024[4] - Basic and diluted earnings per share remained stable at RMB 0.05 for both 2025 and 2024[4] - The company reported a pre-tax profit of RMB 87,745,000 for 2025, compared to RMB 91,604,000 in 2024, reflecting a decrease of 4.2%[75] - The effective tax expense for 2025 was RMB 25,499,000, slightly lower than RMB 26,207,000 in 2024[75] - The company received government subsidies amounting to RMB 12,568,000 in 2025, down from RMB 13,376,000 in 2024[73] - The company reported a total of RMB 1,170,426 thousand in corporate loans, accounting for 44% of total loans in 2025, down from 46% in 2024[89] - Retail loans reached RMB 1,434,699 thousand in 2025, which is 55% of total loans, an increase from 53% in 2024[89] Assets and Liabilities - The company's total assets as of December 31, 2025, were RMB 2,557,786,000, slightly down from RMB 2,578,519,000 in 2024[5] - The company’s total liabilities decreased to RMB 516,502,000 in 2025 from RMB 537,408,000 in 2024, a reduction of 3.4%[5] - The company’s net assets increased slightly to RMB 2,041,284,000 in 2025 from RMB 2,041,111,000 in 2024[5] - Total borrowings from banks as of December 31, 2025, amount to RMB 439,676 thousand, a decrease from RMB 488,287 thousand on December 31, 2024[108] - The total amount of accrued expenses and other payables increased to RMB 51,420,000 in 2025 from RMB 22,210,000 in 2024, primarily due to an increase in payable acquisition costs[196] Cash Flow - Cash and cash equivalents increased significantly to RMB 23,495,000 in 2025 from RMB 10,515,000 in 2024, representing a growth of 123.5%[5] - Operating cash flow for the year ended December 31, 2025, was RMB 134,316 thousand, a decrease of 16.5% from RMB 160,848 thousand in 2024[7] - Cash flow from financing activities for 2025 was a net outflow of RMB 121.2 million, primarily due to interest payments and loan repayments[188] - Cash and cash equivalents increased from RMB 10.5 million in 2024 to RMB 23.5 million in 2025[189] Loans and Advances - The total amount of loans and advances to customers was RMB 2,639,054,000 in 2025, slightly down from RMB 2,656,268,000 in 2024, indicating a decrease of 0.65%[87] - The net amount of loans and advances to customers after impairment losses was RMB 2,444,125,000 in 2025, compared to RMB 2,462,054,000 in 2024, a reduction of 0.73%[88] - The overdue loans exceeding one year totaled RMB 76,769 thousand in 2025, compared to RMB 74,113 thousand in 2024, representing an increase of 3.58%[90] - The overdue loans as of December 31, 2025, were RMB 101.8 million, representing 3.9% of total loans and advances, compared to RMB 105.0 million and 4.0% in 2024[192] - Guaranteed loans constituted 98.2% of total loans and advances as of December 31, 2025, slightly up from 98.0% in 2024[194] Impairment and Credit Losses - Impairment losses for loans and advances to customers decreased to RMB 3,188,000 in 2025 from RMB 32,173,000 in 2024, a reduction of 90.1%[73] - The total impairment loss provisions increased to RMB 194,929 thousand in 2025 from RMB 194,214 thousand in 2024, indicating a rise of 0.37%[91][92] - The impairment loan ratio improved to 3.8% in 2025 from 3.9% in 2024, indicating better loan quality[172] - The provision coverage ratio increased to 192% in 2025 from 185% in 2024, reflecting a stronger buffer against potential loan losses[172] Accounting and Compliance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with applicable disclosure requirements[8] - The company did not apply any new accounting standards or interpretations that were not yet effective during the reporting period[11] - The company is currently evaluating the potential impacts of new accounting standards effective from January 1, 2026, and January 1, 2027, which may affect financial reporting[161][162] Strategic Focus - The company plans to continue focusing on micro-finance services and exploring new market opportunities to enhance growth in the upcoming fiscal year[3] - The company actively explores green lending models, focusing on ecological agriculture, renewable energy, and energy-saving technologies[166] - The company is positioned to benefit from the sustainable development initiatives in Huzhou, enhancing its competitive advantage in the green finance sector[164] Management and Governance - The total remuneration for key management personnel was RMB 2,971 thousand in 2025, compared to RMB 2,930 thousand in 2024[147] - The total remuneration for the two highest-paid individuals in 2025 was RMB 1,064,000, compared to RMB 511,000 in 2024, representing a 108.4% increase[79] - The company proposed a profit distribution of RMB 1.8 million to the surplus reserve, which is 10% of the net profit for the fiscal year 2025[118]

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。 Minerva Group Holding Limited 嬴集團控股有限公司* （於百慕達註冊成立之有限公司） （股份代號：397） 截至二零二五年十二月三十一日止年度之 年度業績公告 綜合損益及其他全面收入表 截至二零二五年十二月三十一日止年度： 於二零二五年十二月三十一日： 董 事 會 不 建 議 就 截 至 二 零 二 五 年 十 二 月 三 十 一 日 止 年 度 派 付 末 期 股 息（二 零 二 四 年：無）。 * 僅供識別 – 1 – – 本集團錄得收益約56.9百 萬 港 元（二 零 二 四 年：68.9百 萬 港 元）。 – 本公司擁有人應佔虧損約為62.4百 萬 港 元（二 零 二 四 年：143.9百 萬 港 元）。 – 本集團持有按公平值計入損益之金融資產約383.3百 萬 港 元（二 零 二 四 年： 411.0百 萬 ...

Financial Performance - For the year ending December 31, 2025, the company's revenue was approximately RMB 1,479.6 million, a decrease of 7.2% compared to 2024[2] - The net profit attributable to equity holders was approximately RMB 196.2 million, down 25.5% from 2024[2] - The operating profit for the year was RMB 424.5 million, down from RMB 524.9 million in 2024[3] - The basic and diluted earnings per share attributable to equity holders was RMB 0.19, compared to RMB 0.26 in 2024[4] - The company reported a total comprehensive income of RMB 196.4 million, down from RMB 265.0 million in 2024[4] - Total revenue for the year ended December 31, 2025, was RMB 1,479,552,000, a decrease from RMB 1,594,164,000 in 2024, representing a decline of approximately 7.2%[23] - The revenue from wastewater treatment was RMB 1,058,064,000, down from RMB 1,151,793,000 in the previous year, indicating a decrease of about 8.1%[23] - The total gross profit for the company was RMB 706,893,000, compared to RMB 706,893,000 in the previous year, showing no change[31] - The company reported a net profit of RMB 196,871,000 for the year, compared to RMB 236,202,000 in the previous year, indicating a decrease of approximately 16.6%[31] - The company's profit before tax decreased from RMB 314.4 million for the year ending December 31, 2024, to RMB 236.2 million for the year ending December 31, 2025, a decline of RMB 78.2 million or 24.9%[86] - Total comprehensive income decreased from RMB 265.0 million for the year ending December 31, 2024, to RMB 196.4 million for the year ending December 31, 2025, a decline of RMB 68.6 million or 25.9%[88] Assets and Liabilities - Total assets increased by 8.5% to RMB 13,435.9 million compared to RMB 12,384.0 million as of December 31, 2024[2] - Total equity rose by 3.7% to RMB 5,434.8 million from RMB 5,242.3 million as of December 31, 2024[2] - The company’s total liabilities increased to RMB 5,148.98 million from RMB 4,696.01 million in 2024[6] - Non-current assets totaled RMB 6,597.9 million, an increase from RMB 6,367.5 million in 2024[5] - The total assets of the company amounted to RMB 13,435,948,000, with total liabilities at RMB 8,001,106,000, resulting in a net asset position[32] - The company's total borrowings amounted to RMB 5,192.1 million, an increase of 13.1% from RMB 4,589.2 million in 2024[69] - The company's net asset liability ratio was 48.7% as of December 31, 2025[69] Cash Flow - Net cash used in operating activities for the year ending December 31, 2025, was RMB 524.2 million, a decrease of RMB 818.0 million compared to the previous year[92] - Net cash used in investing activities for the year ending December 31, 2025, was RMB 66.8 million, a decrease of RMB 142.5 million compared to the previous year[93] - Net cash generated from financing activities increased from a net outflow of RMB 532.8 million for the year ending December 31, 2024, to a net inflow of RMB 613.7 million for the year ending December 31, 2025[94] Operational Highlights - The total sewage treatment volume reached approximately 652.7 million cubic meters, with an average facility utilization rate of about 95.9%[63] - The company operates 34 sewage treatment plants, with a total daily sewage treatment capacity of 1.9 million cubic meters[64] - The total supply of reclaimed water during the reporting period was 94.1 million cubic meters, with 12 reclaimed water stations and 2 secondary pumping stations in operation[65] - The total supply of tap water during the reporting period was 7.545 million cubic meters, meeting the national drinking water quality standards[66] Strategic Initiatives - The company has maintained a stable development trend in the water industry, focusing on high-quality development and environmental protection goals as outlined in the 14th Five-Year Plan[54] - The wastewater treatment industry in China is transitioning towards upgrading existing facilities and enhancing operational efficiency, driven by high-quality development demands and supportive policies[55] - The company is committed to advancing its strategic initiatives in the water sector, emphasizing low-carbon, intelligent, and resource-efficient practices[54] - The strategic value of recycled water is increasingly recognized as a key solution to water resource shortages, with applications in agriculture, urban greening, and industrial cooling[58] Governance and Compliance - The company has adopted the corporate governance code as per the listing rules and has established a governance framework, ensuring compliance with all mandatory provisions except for B.2.2[146] - The audit committee has reviewed the financial statements for the year ending December 31, 2025, prepared in accordance with International Financial Reporting Standards[150] - The company does not recommend the distribution of a final dividend for the year ending December 31, 2025, considering its future plans and financial condition[152] Employee and Operational Management - As of December 31, 2025, the company had 1,073 full-time employees, with the majority located in Yunnan[126] - Employee benefits expenses for the year ended December 31, 2025, were approximately RMB 145.5 million, compared to RMB 171.6 million for the year ended December 31, 2024[128] Risks and Challenges - The company faces operational risks related to capital-intensive industry characteristics, water quality standards, and other force majeure events[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 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 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。 Greentown Service Group Co. Ltd. 綠城服務集團有限公司 （根據開曼群島法律註冊成立的有限公司） （股份代號：2869） 截 至2025年12月31日 止 年 度 的 全 年 業 績 公 告 綠 城 服 務 集 團 有 限 公 司（「本 公 司」、「公 司」或「綠 城 服 務」）董 事（「董 事」）會（「董 事 會」）欣 然 公 佈 本 公 司 及 其 附 屬 公 司（統 稱「本 集 團」、「集 團」或「我 們」）截 至2025年12月31日 止 年 度 的 經 審 核 綜 合 財 務 業 績，連 同 截 至2024年12月31 日 止 年 度 的 比 較 數 字 如 下。 摘 要 本 集 團 ...

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依賴該等內容而引致的任何損 失承擔任何責任。 （在中華人民共和國註冊成立的股份有限公司） （股份代號：998） 截至2025年1 2月3 1日止年度 末期業績公告 中信銀行股份有限公司（「本行」）董事會（「董事會」）欣然宣佈本行及其附屬機構（「本集 團」）截至2025年12月31日止年度的末期業績。本業績公告列載本行截至2025年12月31 日止年度之末期報告全文 ，其內容是根據適用的《香港聯合交易所有限公司證券上市規 則》（「香港上市規則」）披露要求編製 。本集團編製的截至2025年12月31日止年度的末期 財務信息已經畢馬威會計師事務所根據香港審計準則審計。本行董事會之審計委員會已 審閱此末期業績。本業績公告於本行的網站(www.citicbank.com)及香港聯合交易所有限 公司的網站(www.hkexnews.hk)發佈。本行將於適當時候發佈截至2025年12月31日止年 度的末期報告，末期報告將在上述網站可供查詢。 暫停股份過戶登記 經 ...