2025/26 Interim Report 中期報告 Unity Group Holdings International Limited 知行集團控股國際有限公司 (incorporated in the Cayman Islands with limited liability) 於開曼群島註冊成立的有限公司 ( ) Stock Code 股份代號 : 1539 知行集團控股國際有限公司 Unity Group Holdings International Limited 15th Floor Chinachem Century Tower 178 Gloucester Road Wan Chai Hong Kong 香港灣仔告士打道178號 華懋世紀廣場15樓 Unity Group Holdings International Limited 知行集團控股國際有限公司 Interim Report 2025/26 中期報告 目錄 2 公司資料 4 財務摘要 6 管理層討論及分析 19 企業管治 26 未經審核簡明綜合全面收益表 28 未經審核簡明綜合財務狀況表 30 未經審核簡明綜合權益變動表 31 ...

股份代號﹕839 （於開曼群島註冊成立的有限公司） 2024/2025 年度報告 卓越與創新 引領教育 (incorporated in the Cayman Islands with limited liability) Stock Code : 839 ANNUAL REPORT 2024/2025 年度報告 CHINA EDUCATION GROUP HOLDINGS LIMITED 中國教育集團控股有限公司 我們的使命 以卓越和創新教育 引領學生走向成功 中國教育集團控股有限公司 2024/2025 年度報告 目 錄 | 公司資料 | 2 | | --- | --- | | 聯席主席報告 | 5 | | 管理層討論與分析 | 10 | | 環境、社會與管治報告 | 18 | | 企業管治報告 | 76 | | 董事及高級管理層 | 88 | | 董事會報告 | 93 | | 獨立審計師報告 | 124 | | 合併損益及其他綜合收益表 | 129 | | 合併財務狀況表 | 130 | | 合併權益變動表 | 132 | | 合併現金流量表 | 134 | | 合併財務報表附註 | 136 | | 財 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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。 225 截至二零二五年九月三十日止年度之全年業績公告 博富臨置業有限公司（「本公司」）董事會（分別為「董事」及「董事會」）欣然宣佈本公司及其 附屬公司截至二零二五年九月三十日止年度之經審核綜合財務業績。本公告載列本公司 二零二四╱二零二五年度報告全文（「二零二四╱二零二五年度報告」），並符合聯交所證 券上市規則（「上市規則」）有關全年業績初步公告附載資料的相關規定。載有上市規則規 定資料的二零二四╱二零二五年度報告的印刷版本將會按上市規則規定的方式寄發予本 公司的股東，並可於二零二五年十二月二十三日或之前於聯交所網站www.hkexnews.hk 及本公司網站www.pokfulam.com.hk閱覽。 承董事會命 博富臨置業有限公司 主席、董事總經理兼執行董事 黃達漳 香港，二零二五年十二月十七日 於本公告日期，董事會成員包括執行董事黃達漳先生（主席兼董事總經理）、黃達琪先 生、黃達琛先 ...

Stock Code 股份代號: 2199 INTERIM REPORT 2025/26中期報告 CONTENTS 目錄 | Corporate Information | 2 | 公司資料 | | --- | --- | --- | | Financial Highlights | 5 | 財務概要 | | Management Discussion and Analysis | 6 | 管理層討論及分析 | | Report on Review of Interim Financial Information | 27 | 中期財務資料的審閱報告 | | Interim Condensed Consolidated Income Statement | 29 | 中期簡明綜合收益表 | | Interim Condensed Consolidated Statement of Comprehensive Income | 30 | 中期簡明綜合全面收益表 | | Interim Condensed Consolidated Balance Sheet | 31 | 中期簡明綜合資產負債表 | | Inte ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 315,375,000, representing a 43.2% increase from HKD 220,276,000 in the same period of 2024[10] - Gross profit for the same period was HKD 24,090,000, up from HKD 21,531,000, indicating a gross margin improvement[10] - The net loss for the six months was HKD 14,536,000, compared to a net loss of HKD 18,222,000 in the prior year, reflecting a 20.5% reduction in losses[10] - The company reported a basic loss per share of HKD 2.33, an improvement from HKD 2.92 in the previous year[10] - The company incurred a pre-tax loss of HKD 16,061,000, compared to a loss in the previous year, reflecting ongoing challenges in the market[25] - The company reported a net loss of HKD 19,268,000 for the six months ended September 30, 2025, compared to a net loss of HKD 18,222,000 for the same period in 2024[28][33] - The company recorded a loss of approximately HKD 14,500,000 in fiscal year 2025, compared to a loss of approximately HKD 18,200,000 in fiscal year 2024[61] Revenue Breakdown - The distribution business generated revenue of HKD 219,425,000, up 106% from HKD 106,072,000 year-over-year[19] - The system integration solutions business reported revenue of HKD 95,950,000, a decrease of 16% from HKD 114,204,000 in the previous year[19] - The geographical revenue breakdown shows that Hong Kong contributed HKD 307,749,000, a 42% increase from HKD 217,405,000 in the previous year[20] - The company recognized revenue of HKD 304,800,000 at a point in time, which is a 63% increase from HKD 186,997,000 in the previous year[22] - Total revenue increased by approximately HKD 95.1 million or 43.2% from approximately HKD 220.3 million in the fiscal period ending September 30, 2024, to approximately HKD 315.4 million in the fiscal period ending September 30, 2025[46] - Revenue from the distribution business for the fiscal period ending September 30, 2025, was approximately HKD 219.4 million, an increase of approximately HKD 113.3 million or 106.8% compared to approximately HKD 106.1 million in the previous fiscal period[46] - Revenue from the system integration solutions business for the fiscal period ending September 30, 2025, was approximately HKD 96 million, an increase of approximately HKD 18.2 million or 15.9% compared to approximately HKD 114.2 million in the previous fiscal period[46] Asset Management - Total assets as of September 30, 2025, were HKD 418,714,000, down from HKD 454,671,000 as of March 31, 2025[11] - Non-current assets decreased to HKD 16,417,000 from HKD 24,688,000, indicating a potential need for asset revaluation[11] - Trade receivables totaled HKD 270,931,000 as of September 30, 2025, an increase from HKD 227,204,000 as of March 31, 2025[37] - The company reported a total of HKD 385,238,000 in trade and other receivables as of September 30, 2025, slightly down from HKD 386,415,000 as of March 31, 2025[37] Cash Flow and Liquidity - The company’s cash and cash equivalents increased to HKD 16,099,000 from HKD 10,459,000, suggesting better cash flow management[11] - Cash flow from operating activities before changes in working capital was negative HKD 6,260,000, an improvement from negative HKD 8,206,000 in the prior year[14] - The net cash generated from investing activities was HKD 38,768,000, significantly higher than HKD 4,286,000 in the same period last year[14] - The company reported a net increase in cash and cash equivalents of HKD 5,634,000, compared to a decrease of HKD 396,000 in the previous year[14] - The cash and cash equivalents at the end of the period stood at HKD 16,099,000, up from HKD 10,457,000 at the end of the same period last year[14] - The company has sufficient liquidity to meet its current and future operational funding needs[69] Expenses and Costs - Employee costs increased to HKD 42,196,000 for the six months ended September 30, 2025, up from HKD 31,884,000 in the previous year[31] - The cost of inventory recognized as an expense was HKD 265,386,000, significantly higher than HKD 153,218,000 for the same period in 2024[31] - Sales and service costs increased by approximately HKD 92.6 million or 46.6% from approximately HKD 198.7 million in the fiscal period ending September 30, 2024, to approximately HKD 291.3 million in the fiscal period ending September 30, 2025[51] - Administrative expenses increased by approximately HKD 7,600,000 or about 49.7%, from approximately HKD 15,300,000 in fiscal year 2024 to approximately HKD 22,900,000 in fiscal year 2025[57] - Financing costs decreased by approximately HKD 900,000 or about 45.0%, from approximately HKD 2,000,000 in fiscal year 2024 to approximately HKD 1,100,000 in fiscal year 2025[58] Corporate Governance - The company has adopted the corporate governance code as per the listing rules, ensuring effective accountability within its management structure[100] - The audit committee, consisting of three independent non-executive directors, has reviewed and agreed on the accounting principles and practices adopted by the group[103] - The roles of the chairman and CEO have been separated, with Mr. Yan serving as chairman and Mr. Wang as CEO since August 15, 2025[100] - The company has confirmed compliance with the securities trading standards throughout the six months ending September 30, 2025[102] Future Outlook - The company has plans for market expansion and new product development, although specific details were not disclosed in the call[10] - The company anticipates continued demand for cloud services driven by organizations adopting online productivity and collaboration services[47] - The company expects long-term positive development in the IT industry in Hong Kong despite current macroeconomic challenges[47] - The company faces challenges due to a shortage of IT professionals in Hong Kong, leading to increased employee cost pressures[52] - The geopolitical tensions between the US and China, along with the Russia-Ukraine war, may impact the stability and profitability of international business operations[52] Shareholder Information - As of September 30, 2025, Mr. Yan holds 362,115,000 shares, representing approximately 57.94% of the company's equity[95] - QH Technology Holdings Limited, fully owned by Mr. Yan, also holds 362,115,000 shares, equating to 57.94% of the company's equity[97] - Mr. Yan's spouse, Liu Xia, is considered to have an interest in the same 362,115,000 shares, maintaining the 57.94% equity stake[97] - No individuals or entities, excluding directors and senior management, held 5% or more of the company's shares as of September 30, 2025[98] Dividends and Stock Options - The company did not declare or recommend any dividends for the six months ended September 30, 2025, consistent with the previous year[32] - The company did not recommend any interim dividend for the six months ended September 30, 2025[75] - No stock options were granted, exercised, expired, or lapsed during the fiscal period ending September 30, 2025, and there are no unexercised stock options under the stock option plan[82]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 MELBOURNE ENTERPRISES LIMITED 喗ଋۯ嶾ޥୡҷ՚ （於香港註冊成立之有限公司） （股份編號：158） 全年業績公佈2024/2025 董 事 會 謹 此 公 佈 萬 邦 投 資 有 限 公 司（「本公司」）及 其 附 屬 公 司（「本集團」）截 至2025 年9月30日 止 年 度 之 綜 合 業 績 如 下： 綜合全面收益表 截 至2025年9月30日止年度 | | | | | | | | | | | | | 2025年 | | 2024年 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | | 附 | 註 | | 港幣千元 | | 港幣千元 | | ...

Financial Performance - For the six months ended September 30, 2025, the company recorded a profit of approximately RMB 102.7 million[10]. - The group's revenue increased by approximately 11.4% from RMB 334.7 million to RMB 372.7 million for the six months ending September 30, 2024[17]. - Profit for the period decreased from RMB 129.1 million to RMB 102.7 million[23]. - Revenue for the six months ended September 30, 2025, was RMB 372,676,000, an increase of 11.4% compared to RMB 334,661,000 for the same period in 2024[75]. - Gross profit for the same period was RMB 151,780,000, slightly down by 2.6% from RMB 155,595,000 year-over-year[75]. - Net profit for the period was RMB 102,655,000, a decrease of 20.5% compared to RMB 129,116,000 in the previous year[75]. - The company reported a net asset value of RMB 517,091,000 for current assets, up from RMB 417,321,000 as of March 31, 2025[76]. - Total equity increased to RMB 2,993,547,000 as of September 30, 2025, compared to RMB 2,897,905,000 at the end of the previous period[76]. - Basic and diluted earnings per share for the period were RMB 0.0524, down from RMB 0.0610 in the same period last year[75]. Revenue Segments - The higher education segment generated revenue and profit before tax of approximately RMB 284.5 million and RMB 55.2 million, respectively[13]. - The financing and operating leasing business reported revenue and profit before tax of approximately RMB 88.1 million and RMB 87.5 million, respectively[16]. - Tuition fees for the six months ended September 30, 2025, amounted to RMB 259,115, up 8.3% from RMB 239,212 in 2024[86]. - Financing lease services revenue increased to RMB 55,800, a rise of 31.1% from RMB 42,560 in 2024[86]. - Revenue from finance leasing decreased to RMB 35,800,000 in the six months ended September 30, 2025, from RMB 42,124,000 in the same period of 2024, representing a decline of approximately 15.5%[130]. Assets and Liabilities - As of September 30, 2025, cash and cash equivalents amounted to RMB 334.3 million, a significant increase from RMB 60.9 million as of March 31, 2025[25]. - The total amount of finance lease receivables increased by approximately 1.7% from RMB 1,296.4 million to RMB 1,319.1 million[26]. - The company’s total assets less current liabilities amounted to RMB 3,155,744,000, an increase from RMB 3,088,241,000[76]. - The total liabilities rose to RMB 1,084,405,000 from RMB 877,116,000, marking an increase of about 23.6%[93]. - The company reported a foreign exchange loss of RMB 7,013,000 during the period, compared to a loss of RMB 19,938,000 in the previous year[75]. Risk Management - The company has developed a comprehensive risk management system to control credit risk in its financing and operating leasing business, including due diligence and multi-layer approval processes[37]. - The company has adopted a model for expected credit losses that considers industry-specific customer characteristics, credit history, and economic trends[39]. - The company has implemented a risk management framework tailored to its operational characteristics, focusing on comprehensive due diligence and ongoing monitoring[37]. - The board emphasizes risk prevention and asset monitoring, focusing on internal control and risk management to support steady business development and diversification[48]. Strategic Initiatives - The company is positioned to capture growth opportunities in the domestic economy through a dual-track strategy in higher education and leasing[8]. - The company aims to enhance its competitiveness by avoiding high-risk sectors and focusing on emerging fields in its business plans[8]. - The group plans to explore domestic and international business expansion and seek suitable acquisition projects, particularly in vocational education and maritime projects[47]. - The company is actively seeking to register Yantai Nanshan College as a for-profit private school, but has not yet been able to take any measures due to the lack of updates in relevant Chinese laws and regulations[66]. Corporate Governance - The board of directors is responsible for strategic decisions regarding budget, investments, acquisitions, and future development, including potential expansion to new locations[38]. - The audit committee has reviewed the group’s internal controls and financial reporting processes, ensuring compliance with regulations[52]. - The remuneration committee has provided recommendations on the compensation policies for directors and senior management, which have been adopted by the board[54]. - The nomination committee has assessed the independence of non-executive directors and provided recommendations for board elections at the annual general meeting[55]. Shareholder Information - Union Capital Pte. Ltd. holds 768,475,221 shares, accounting for 45.45% of the company's equity, making it the largest shareholder[61]. - PA Investment Funds SPC holds 135,001,120 shares, representing 7.98% of the company's equity[61]. - The company has a total issued share capital of 1,690,914,000 shares, with a par value of USD 0.000001 per share[119]. - The stock option plan adopted on February 20, 2019, aims to attract and retain top talent, with a total of 150,000,000 shares available for issuance under the plan[58][59]. Employment and Compensation - The group employed 2,319 full-time employees as of September 30, 2025, with employee benefit expenses amounting to approximately RMB 114.5 million during the reporting period[30]. - The total compensation for key management personnel was RMB 2,511,000 for the six months ended September 30, 2025, down from RMB 2,737,000 in the same period of 2024, reflecting a decrease of about 8.3%[134].

Financial Performance - For the six months ended September 30, 2025, the group's revenue decreased by approximately HKD 28.4 million or 20.5% to about HKD 110.1 million, compared to HKD 138.5 million for the same period in 2024[10] - The gross profit slightly decreased by approximately HKD 0.1 million or 3.0% to about HKD 5.1 million, with a gross profit margin of 4.6%, up from 3.8% in the previous period, attributed to strict cost control measures[11] - The net loss for the six months ended September 30, 2025, was approximately HKD 3.7 million, a decrease of about HKD 6.8 million compared to a net loss of HKD 10.5 million in the same period of 2024[15] - The loss before tax for the six months ended September 30, 2025, was HKD 3.75 million, compared to a loss of HKD 10.47 million for the same period in 2024, indicating an improvement in performance[29] - For the six months ended September 30, 2025, the company reported a loss attributable to equity holders of HKD 3,746,000, compared to a loss of HKD 10,465,000 for the same period in 2024, representing a 64.1% improvement in losses year-over-year[52] Cost Management - Administrative and other operating expenses decreased by HKD 3.5 million or 27.0% to approximately HKD 9.4 million, compared to HKD 12.9 million in the same period last year[13] - Financial costs reduced by approximately HKD 0.7 million or 23.4% to about HKD 2.1 million, mainly due to a decrease in the average interest rate on borrowings[14] - The increase in gross profit margin is a result of the implementation of strict cost control measures in response to a challenging business environment[11] - Total employee costs for the six months ended September 30, 2025, were approximately HKD 8.9 million, down from HKD 12.2 million for the same period in 2024[25] - The company reported a significant decrease in subcontracting costs, which fell to HKD 62,127,000 in 2025 from HKD 96,166,000 in 2024, a reduction of 35.4%[48] Cash Flow and Liquidity - The total cash and cash equivalents amount to approximately HKD 44.3 million, an increase from HKD 43.1 million as of March 31, 2025, due to a net cash inflow of approximately HKD 1.2 million from operating and financing activities[16] - The net cash used in operating activities for the six months ended September 30, 2025, was HKD (1,332,000), an improvement compared to HKD (10,362,000) in the previous year[33] - The company’s financing activities generated a net cash inflow of HKD 2,513,000 for the six months ended September 30, 2025, compared to a net cash outflow of HKD (500,000) in the previous year[33] - Cash and cash equivalents increased to HKD 44,270,000 as of September 30, 2025, from HKD 38,665,000 at the end of the previous year[33] Economic Outlook - The group anticipates stable and moderate growth in the Hong Kong economy for the second half of 2025, with an expected GDP growth rate between 2% and 3% for the year[9] - The overall business environment remains uncertain due to geopolitical tensions, competitive pressures, and changing trade policies[8] Business Strategy and Opportunities - The group is actively exploring new business opportunities, particularly in the Web3.0 and new energy sectors, which are strongly supported by government policies[9] - The company has decades of experience in the renovation contracting industry, providing services for both new and existing buildings[8] Shareholder Information - As of September 30, 2025, the company's issued share capital is HKD 4.8 million, with 480,000,000 shares outstanding at HKD 0.01 per share[16] - The company did not declare or recommend any interim dividend for the six months ended September 30, 2025, consistent with the previous year[50] - The company has adopted a share option scheme allowing for a maximum of 48,000,000 shares to be granted, which constitutes 10% of the issued shares as of the report date[77] - No share options have been granted, exercised, canceled, or lapsed since the adoption of the share option scheme on December 6, 2018, and there are no unexercised options as of September 30, 2025[77] Corporate Governance - The company has adopted and complied with the Corporate Governance Code, with no applicable code provisions breached during the reporting period[90] - The audit committee, established on December 28, 2018, reviewed and approved the unaudited condensed consolidated interim financial statements for the six months ending September 30, 2025[93] - The company has maintained sufficient public float as required by listing rules as of September 30, 2025[88] Assets and Liabilities - The company's total non-current liabilities increased to HKD 67,903,000 as of September 30, 2025, compared to HKD 63,313,000 as of March 31, 2025[31] - The total equity of the company decreased to HKD 72,814,000 as of September 30, 2025, down from HKD 76,560,000 as of March 31, 2025[31] - Trade receivables as of September 30, 2025, amounted to HKD 15,328,000, a decrease from HKD 18,182,000 as of March 31, 2025, indicating a reduction of 15.3%[55] - Contract assets increased to HKD 117,066,000 as of September 30, 2025, compared to HKD 109,693,000 as of March 31, 2025, an increase of 6.6%[58] - Total borrowings amounted to HKD 53,897,000 as of September 30, 2025, up from HKD 50,897,000 as of March 31, 2025[66] Management and Personnel - The company recorded a total of HKD 287,000 in compensation for key management personnel for the six months ended September 30, 2025, a decrease from HKD 1,134,000 for the same period in 2024[72] - The company has a future lease liability of HKD 1,178,000 as of September 30, 2025, down from HKD 1,632,000 as of March 31, 2025[64]

中期報告 2025/26 目錄 02 公司資料 03 管理層討論與分析 14 企業管治╱其他資料 23 簡明綜合損益及其他全面收益表 24 簡明綜合財務狀況表 26 簡明綜合權益變動表 28 簡明綜合現金流量表 29 簡明綜合中期財務報表附註 公司資料 董事 執行董事 梅浩彰先生 （主席兼行政總裁） 廖子慧先生 吳肇軒先生 何思敏女士 鄧振輝先生 獨立非執行董事 林延芯女士 潘禮賢先生 黃浩麒博士 審核委員會 林延芯女士 （主席） 潘禮賢先生 黃浩麒博士 薪酬委員會 潘禮賢先生 （主席） 林延芯女士 黃浩麒博士 提名委員會 梅浩彰先生 （主席） 林延芯女士 潘禮賢先生 黃浩麒博士 授權代表 梅浩彰先生 吳肇軒先生 公司秘書 吳肇軒先生 核數師 香港立信德豪會計師事務所有限公司 執業會計師 註冊公眾利益實體核數師 香港 干諾道中111 號 永安中心 25 樓 註冊辦事處 Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 總部及香港主要營業地點 香港中環 畢打街20 號 會德豐大廈 15 樓1505 ...

（於百慕達註冊成立之有限公司） （股份代號：00674） 中期報告 2025 Interim Report 2025 中國唐商控股有限公司 CHINA TANGSHANG HOLDINGS LIMITED The board (the "Board") of directors (the "Directors") of China Tangshang Holdings Limited (the "Company") is pleased to announce the unaudited interim condensed consolidated results of the Company and its subsidiaries (collectively referred to as the "Group") for the six months ended 30 September 2025. The consolidated statement of comprehensive income, the consolidated statement of changes in equity and ...