Financial Performance - Total revenue for the period ending June 30, 2025, was approximately RMB 132.8 million, representing a 17.1% increase from RMB 113.4 million for the year ending December 31, 2023[10]. - The company reported a significant increase in loss attributable to equity shareholders, amounting to approximately RMB 554.1 million, compared to RMB 155.5 million for the year ending December 31, 2023, reflecting a 256.4% increase[10]. - The basic and diluted loss per share was RMB 1.79, up 244.2% from RMB 0.52 for the year ending December 31, 2023[10]. - The company's gross loss for the reporting period was approximately RMB 394.2 million, an increase of about 482.5% compared to the gross loss of approximately RMB 67.7 million for the year ended December 31, 2023[31]. - The gross loss margin for the reporting period was approximately 296.8%, up from approximately 59.7% for the year ended December 31, 2023, primarily due to increased gross losses from self-produced TV drama distribution and broadcasting rights[32]. - The group recorded a net loss of RMB 554,066,000 for the period from January 1, 2024, to June 30, 2025, compared to a net loss of RMB 155,458,000 for the year ended December 31, 2023[158]. Revenue Sources - The company generated revenue primarily from the licensing of broadcasting rights for a total of 8 television dramas during the reporting period, down from 19 dramas in the previous year[12]. - Revenue from self-produced drama licensing increased by approximately 75.8% from RMB 69.1 million to RMB 121.5 million during the reporting period[19]. - Revenue from purchased drama licensing decreased by approximately 85.2% from RMB 36.1 million to RMB 5.4 million due to challenging market conditions[22]. - Revenue from joint financing arrangements decreased by approximately 28.0% from RMB 8.2 million to RMB 5.9 million[24]. - The company successfully licensed the broadcasting rights of the self-produced drama "Little Couples" to a major online streaming platform, contributing significantly to revenue[19]. Cost and Expenses - Sales costs surged by approximately 191.0% from RMB 181.1 million to RMB 527.0 million, primarily due to increased costs in self-produced dramas and joint financing arrangements[25]. - The cost of self-produced drama licensing increased by approximately 136.3% from RMB 120.8 million to RMB 285.4 million due to the airing of several dramas[26]. - Sales and marketing expenses increased by approximately 67.0% to about RMB 4.0 million for the reporting period, up from approximately RMB 2.4 million for the year ended December 31, 2023, primarily due to increased promotional expenses[35]. - Administrative expenses rose by approximately 57.4% to about RMB 35.9 million for the reporting period, compared to approximately RMB 22.8 million for the year ended December 31, 2023, mainly due to increased employee costs[38]. - Financing costs increased by approximately 143.2% to about RMB 45.4 million for the reporting period, up from approximately RMB 18.7 million for the year ended December 31, 2023, primarily due to increased interest expenses on bank and other loans[40]. Impairment and Losses - Impairment losses on completed dramas amounted to RMB 61.4 million, while script rights impairment totaled RMB 179.5 million, leading to a total impairment provision of RMB 295.8 million[28]. - The company recorded impairment losses on trade and other receivables of approximately RMB 69.3 million during the reporting period, compared to RMB 31.9 million for the year ended December 31, 2023[39]. Corporate Governance - The company is committed to maintaining high standards of corporate governance and has adopted relevant regulations as per listing rules[89]. - The board consists of eight directors, including five executive directors and three independent non-executive directors[98]. - The board has established three committees: audit committee, remuneration committee, and nomination committee to oversee specific matters[96]. - The company emphasizes a strong corporate culture aligned with its vision and strategy, focusing on integrity and ethical conduct[91]. - The company has been compliant with all applicable codes of corporate governance during the reporting period[90]. Future Plans and Strategies - The company aims to continue producing self-made television dramas and accelerate the licensing of broadcasting rights through traditional TV channels and online streaming platforms[13]. - The company plans to collaborate closely with third-party copyright holders to acquire more diverse television drama rights to cater to varying customer preferences[13]. - The company emphasizes the importance of adapting traditional television dramas to fit into the digital ecosystem for future success[13]. - The company has no significant future plans for major investments or capital assets as of June 30, 2025[63]. Shareholder and Financial Management - The company successfully placed 60,000,000 shares at a net placement price of approximately HKD 0.096 per share, raising a total net amount of HKD 5.78 million[66]. - The net proceeds from the placement are intended for general working capital of the group[66]. - The auditor expressed a disclaimer of opinion due to significant uncertainties regarding the group's ability to continue as a going concern[68]. - Management believes that the uncertainties mentioned can be resolved through remedial measures outlined in the annual report, asserting the group's ability to continue operations[69]. Employee and Workforce - The company has 45 employees as of June 30, 2025, compared to 44 employees as of December 31, 2023[58]. - The company aims for gender equality in its workforce, with female and male employees comprising approximately 62.22% and 37.78% of the total workforce, respectively, as of June 30, 2025[131]. - The company emphasizes competitive and fair compensation for employees, continuously improving salary and reward policies to retain talent[178]. Risk Management - The board has established risk management procedures to address significant risks related to the group's business, with annual reviews of major changes in the business environment[140]. - The internal audit function evaluates the effectiveness of financial, operational, and compliance controls, reporting annually to the board, with no significant deficiencies found during the review period[143]. - The board has confirmed the effectiveness of the risk management and internal control systems, with no known significant deficiencies or violations of policies[144].

Sheung Wan, Hong Kong 杭品生活科技股份有限公司 HANG PIN LIVING TECHNOLOGY COMPANY LIMITED (Incorporated in Bermuda with limited liability 於百慕達註冊成立之有限公司) 股份代號 Stock Code :1682 2025/26 Interim Report 中期報告 香港上環 干諾道中168-200號 信德中心西座 33樓3309室 Unit 3309, 33/F., West Tower, Shun Tak Centre, No.168-200 Connaught Road Central www.hk01682.com 目錄 2 公司資料 3 管理層討論與分析 15 其他披露 20 簡明綜合損益及其他全面收益表 21 簡明綜合財務狀況表 22 簡明綜合權益變動表 23 簡明綜合現金流量表 24 簡明綜合財務報表附註 33 詞彙 公司資料 董事會 執行董事 林繼陽先生 （總裁） 吳凱先生 （副總裁） 張凱原先生 獨立非執行董事 陳健先生 周致人先生 黃冰芬女士 審核委員會 周致人先生 （主席） ...

Fund Allocation - The company plans to allocate approximately 45% of the net proceeds from the issuance of convertible bonds for the purchase of production facilities, equipment, and raw materials for pharmaceutical products [2]. - About 30% of the net proceeds will be used to enrich the pharmaceutical product base, including the development of new drugs and/or obtaining drug licenses [2]. - Approximately 25% of the net proceeds will be allocated to increase sales points and additional sales personnel costs [2].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 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佈全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 CEC INTERNATIONAL HOLDINGS LIMITED CEC 國際控股有限公司 * （於百慕達註冊成立之有限公司） （股份代號： 759） 截至2025年10月31日止6個月中期業績公佈 CEC International Holdings Limited（CEC國際控股有限公司）（「本公司」）之董事會 （「董事會」）謹此公佈，本公司及其附屬公司（統稱「本集團」）截至2025年10月31日 止6個月之未經審核綜合業績如下： 簡明綜合收益表 | | | 截至10月31日止6個月 | | | --- | --- | --- | --- | | | | 2025年 | 2024年 | | | 附註 | 千港元 | 千港元 | | | | （未經審核） | （未經審核） | | 收益 | 2 | 710,391 | 702,392 | | 銷售成本 | | (429,648) | (426,783 ...

Share Repurchase - As of December 31, 2024, the company repurchased a total of 20,949,500 shares to hold as treasury stock[2] - The company plans to utilize the repurchased treasury shares for various purposes, including cash generation, transfer, and cancellation[2]

Corporate Information 公司資料 Board of Directors Non-Executive Directors Contents 目錄 | Corporate Information | 公司資料 | 1 | | --- | --- | --- | | Condensed Consolidated Statement of Profit or Loss and | 簡明綜合損益及其他全面收益表 | 4 | | Other Comprehensive Income | | | | Condensed Consolidated Statement of Financial Position | 簡明綜合財務狀況表 | 6 | | Condensed Consolidated Statement of Changes in Equity | 簡明綜合權益變動表 | 8 | | Condensed Consolidated Statement of Cash Flows | 簡明綜合現金流量表 | 10 | | Notes to the Condensed Consolidated Fin ...

Financial Proceeds - The net proceeds from the first placement event in 2024 amounted to approximately HKD 1.98 million, with 65.2% allocated to professional fees[5] - The net proceeds from the second placement event in 2024 were approximately HKD 3.17 million, with 63.1% allocated to salaries and other company expenses[6] - The net proceeds from the third placement event in 2024 totaled approximately HKD 2.96 million, with 64.2% allocated to salaries and other company expenses[7] Share Option Scheme - The total number of shares that may be issued under the share option scheme is capped at 10% of the total shares issued on the approval date, equating to 40,000,000 shares[4] - As of January 1, 2024, the number of share options available for grant under the share option scheme was 13,992,000 shares[4] Announcement Accuracy and Responsibility - The company confirms that the information provided in the announcement is accurate and complete, with no misleading or fraudulent elements[10] - The board of directors is responsible for the accuracy of the information provided in the announcement[10] Publication and Supplementary Information - The announcement will be published on the Hong Kong Stock Exchange website and the company's website for at least seven days from the publication date[11] - The company emphasizes that the supplementary information should be read in conjunction with the annual report for the year ending December 31, 2024[3] Product Development and Market Strategy - The company has not disclosed any new product developments or market expansion strategies in this announcement[3]

康特隆科技有限公司 (於開曼群島註冊成立的有限公司) 股份代號 2025 INTERIM REPORT 中期報告 CONTENTS 目錄 | Corporate Information | 2 | | --- | --- | | 公司資料 | | | Management Discussion and Analysis | 4 | | 管理層討論與分析 | | | Other Information | 24 | | 其他資料 | | | Condensed Consolidated Statement of Profit or Loss | 31 | | 簡明綜合損益表 | | | Condensed Consolidated Statement of Comprehensive Income | 32 | | 簡明綜合全面收益表 | | | Condensed Consolidated Statement of Financial Position | 33 | | 簡明綜合財務狀況表 | | | Condensed Consolidated Statement of Changes in Equity ...

Financial Performance - For the six months ending October 31, 2025, Kiddieland International Limited reported revenue of HKD 128,711,000, a decrease of 5.2% compared to HKD 136,130,000 in the same period of 2024[3]. - The cost of sales for the same period was HKD 106,908,000, resulting in a gross profit of HKD 21,803,000, down from HKD 23,666,000, reflecting a gross margin decrease[3]. - Operating profit for the period was HKD 4,740,000, compared to HKD 6,688,000 in the previous year, indicating a decline of 29.1%[4]. - The net profit attributable to the owners of the company was HKD 3,850,000, down from HKD 4,557,000, representing a decrease of 15.5%[4]. - The company reported other income of HKD 29,000, significantly lower than HKD 234,000 in the previous year, indicating a decline in additional revenue streams[3]. - Financial income decreased to HKD 167,000 from HKD 262,000, reflecting a reduction in financial returns[4]. - The company’s total comprehensive income for the period was HKD 3,812,000, down from HKD 4,515,000, showing a decline in overall profitability[4]. - Kiddieland's earnings per share decreased to HKD 0.4 from HKD 0.6, indicating a drop in shareholder returns[4]. Assets and Liabilities - Total assets as of October 31, 2025, amounted to HKD 53,666 million, compared to HKD 64,848 million in the previous year, reflecting a decrease of approximately 17.2%[5]. - The company reported cash and cash equivalents of HKD 6,967 million, down from HKD 9,357 million, indicating a decline of about 25.5% year-over-year[5]. - Total liabilities decreased to HKD 35,302 million from HKD 45,672 million, representing a reduction of approximately 22.7%[5]. - The company's equity attributable to shareholders was HKD 18,364 million, compared to HKD 22,176 million, showing a decrease of around 17.5%[5]. - The company recorded a net loss of HKD 85,872 million, compared to a loss of HKD 82,022 million in the previous year, indicating a worsening of approximately 3.4%[5]. - The company’s inventory decreased to HKD 8,538 million from HKD 10,867 million, reflecting a decline of about 21.4%[5]. - Trade receivables increased to HKD 8,333 million from HKD 19,813 million, indicating a significant decrease of approximately 58.0%[5]. - The company’s intangible assets rose to HKD 9,021 million from HKD 6,600 million, representing an increase of about 36.7%[5]. - Deferred tax assets increased to HKD 7,175 million from HKD 6,369 million, reflecting an increase of approximately 12.7%[5]. Revenue Breakdown - For the six months ending October 31, 2025, the group reported total revenue of HKD 128,711,000, with the toy business contributing HKD 82,845,000 and the laboratory equipment business contributing HKD 45,866,000[17]. - Revenue for the six months ended October 31, 2025, totaled HKD 128,711,000, compared to HKD 136,130,000 for the same period in 2024, representing a decrease of approximately 5.2%[20]. - Revenue from the toy business dropped significantly by 23.2% to approximately HKD 82.8 million, down from HKD 107.8 million in the previous year[38]. - Revenue from the laboratory equipment business increased by 62.2% to approximately HKD 45.9 million, compared to HKD 28.3 million in the previous year[39]. - Revenue by geographic location shows that North America generated HKD 42,755,000, while Europe generated HKD 32,600,000, and China generated HKD 45,866,000, indicating strong performance in the Chinese market[20]. Operational Efficiency and Strategy - The company has not provided specific guidance for future performance but indicated ongoing efforts in product development and market expansion strategies[2]. - Kiddieland is focusing on enhancing operational efficiency to mitigate the impact of declining revenues and profits in the upcoming periods[2]. - Total expenses for the six months ended October 31, 2025, were HKD 123,244,000, a decrease from HKD 129,746,000 in the same period of 2024, reflecting a cost reduction strategy[23]. - The company incurred a deferred tax expense of HKD 895,000 for the six months ended October 31, 2025, compared to HKD 2,048,000 in the previous year, indicating improved tax efficiency[25]. - The company’s operating expenses included HKD 1,008,000 for advertising and promotion, down from HKD 1,151,000, indicating a shift in marketing strategy[23]. - The company reported a total of HKD 9,489,000 in employee costs for the six months ended October 31, 2025, compared to HKD 10,665,000 in the previous year, reflecting workforce optimization[23]. Future Outlook - The company anticipates limited foreign currency risk due to its sales and purchases being primarily denominated in HKD and USD, while laboratory equipment sales are mainly in RMB[46]. - The company expects a recovery in the global economy by 2026, which will provide opportunities to introduce more competitive and innovative products to a thriving consumer market[48]. - The company plans to expand its product range by introducing new popular licenses, benefiting from the increasing demand for licensed products, especially with upcoming movie releases[48]. - The company aims to enhance its market share in the local education equipment industry by focusing on laboratory equipment business and expanding its presence in provinces like Anhui, Shanxi, and Qinghai[49]. Events and Dividends - The board has decided not to declare any interim dividends for the six months ending October 31, 2025[53]. - There have been no significant events following the reporting period as of the announcement date[54].

Financial Performance - The group recorded revenue of HKD 1,196,901,000 for the six months ended October 31, 2025, a decrease of 5.8% compared to HKD 1,270,635,000 for the same period in 2024/25[6] - Profit attributable to equity holders of the company was HKD 27,487,000, down 16.6% from HKD 32,959,000 in 2024/25[6] - Gross profit for the same period was HKD 545,250, down 8.6% from HKD 596,681 in 2024[25] - Operating profit decreased to HKD 40,027, a decline of 14.5% from HKD 46,858 in the previous year[25] - Net profit for the period was HKD 24,687, down 17.4% from HKD 30,016 in 2024[25] - Basic earnings per share decreased to HKD 3.84, down 16.2% from HKD 4.58 in the previous year[25] - Operating profit for the six months ended October 31, 2025, was HKD 27,487, a decrease of 16.6% from HKD 32,959 in the same period of 2024[54] - Basic earnings per share for the six months ended October 31, 2025, were HKD 3.84, down from HKD 4.58 in the same period of 2024, representing a decline of approximately 16.1%[54] - Diluted earnings per share for the same period were HKD 3.83, compared to HKD 4.57 in 2024, reflecting a decrease of about 16.2%[56] Cash and Liquidity - The group's cash and cash equivalents stood at HKD 324,355,000 as of October 31, 2025, compared to HKD 284,560,000 on April 30, 2025[8] - Cash and cash equivalents increased to HKD 324,355 as of October 31, 2025, up from HKD 284,560 as of April 30, 2025, representing an increase of approximately 14.0%[48] - The company’s cash and cash equivalents are expected to support ongoing business development while maintaining a robust financial position[64] Operational Efficiency - The group maintained a current ratio of 1.8 as of October 31, 2025, up from 1.7 on April 30, 2025[9] - Total employee costs decreased by 9.3% to HKD 180,915,000 for the period, down from HKD 199,383,000 in 2024/25[10] - The group has implemented strict cost control measures to manage high operational costs and maintain profitability[10] - Strict cost control measures are being implemented to optimize procurement, rent, and human resources, ensuring efficient resource utilization[23] - The company is enhancing data management and operational efficiency through automation and technology tools[23] Revenue Breakdown - Retail sales revenue, including consignment commission income, reached HKD 1,188,533,000, accounting for 99.3% of total revenue, compared to 99.0% in 2024/25[13] - Revenue from Hong Kong was HKD 1,031,144,000, down 6.3% from HKD 1,099,958,000 (2024/25), accounting for 86.2% of total revenue[15] - Macau business achieved revenue of HKD 24,943,000, an increase of 9.9% from HKD 22,691,000 (2024/25)[16] - Singapore revenue declined by 4.8% to HKD 140,814,000 (2024/25: HKD 147,986,000)[17] - For the six months ended October 31, 2025, total segment revenue was HKD 1,196,901,000, with a breakdown of HKD 1,047,719,000 from retail in Hong Kong and Macau, HKD 140,814,000 from retail in Singapore, and HKD 8,368,000 from wholesale and franchising[41] Strategic Initiatives - The group plans to continue expanding its online and offline retail network, enhancing the customer shopping experience through integrated services[11] - The company plans to enhance its product mix in Singapore, focusing on high-demand products while phasing out slow-moving items[17] - The company aims to accelerate reforms and enhance service marketing, brand elevation, and convenient shopping to respond to market demands[19] - The introduction of the "Value for Money" product series and "New Low Price" promotional strategy has effectively increased store foot traffic[19] - The company will strengthen its OEM product development to enhance product competitiveness and profit structure[22] - The company plans to deepen reforms and enhance brand value while strengthening service marketing and operational efficiency[24] - The group aims to respond actively to challenges and seize opportunities to consolidate core competitiveness[24] Governance and Compliance - The company’s audit committee has reviewed the interim results, ensuring compliance with relevant financial reporting standards[62] - The company has adopted corporate governance practices in line with the listing rules, emphasizing the importance of good governance in management[61] - The group plans to adopt the new HKFRS 18 standard effective January 1, 2027, which will require restatement of comparative information for the fiscal year ending December 31, 2026[37] - Management is currently assessing the specific impact of the new standards on the group’s consolidated financial statements[37] Shareholder Actions - The company declared an interim dividend of HKD 3.0 per share, totaling approximately HKD 21,397,000, down from HKD 28,800,000 in the previous year[60] - The company repurchased a total of 3,000,000 shares at a cost of approximately HKD 2,498,000 during the period, indicating a strategy to enhance shareholder value[64] Store Operations - The group operated a total of 352 stores as of October 31, 2025, a net decrease of 15 stores from 367 on April 30, 2025[12] - The group’s largest customer accounted for less than 10% of total revenue for both the six months ended October 31, 2025, and 2024[44] Directors and Management - The executive directors include Ms. Wei Lixia, Mr. Liu Baihui, and Mr. Zheng Shengxu[69] - The independent non-executive directors are Mr. Meng Yongming, Mr. Wu Shiyuan, and Mr. Yang Yaoqiang[69] - The announcement date is December 19, 2025[69]