目錄 | 2 | 公司資料 | | --- | --- | | 4 | 主席報告 | | 7 | 管理層討論與分析 | | 25 | 董事及高級管理層 | | 31 | 企業管治報告 | | 48 | 董事會報告 | | 60 | 獨立核數師報告 | | 66 | 綜合損益及其他全面收益表 | | 68 | 綜合財務狀況表 | | 70 | 綜合權益變動表 | | 72 | 綜合現金流量表 | | 74 | 綜合財務報表附註 | | 149 | 五年財務概要 | 公司資料 董事會 執行董事 Tan Hun Tiong先生 （主席） Tan Han Peng先生 （行政總裁） 唐志明先生 陳達先生 非執行董事 Venny女士 獨立非執行董事 朱浩天先生 吳映吉先生 黃思樂先生 授權代表 Tan Han Peng先生 林永泰先生 審核委員會 朱浩天先生 （主席） 吳映吉先生 黃思樂先生 薪酬委員會 吳映吉先生 （主席） Tan Han Peng先生 黃思樂先生 提名委員會 黃思樂先生 （主席） 朱浩天先生 Venny女士 公司秘書 林永泰先生 註冊辦事處 Cricket Square, Hutchins Driv ...

| | | | 目錄 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 頁次 | | | | | | 司 | 料 | | 2 | 公 | | | 資 | | 席 | 告 | 書 | 3 | 主 | | | 報 | | 理 | 討 | 論 | 及 分 析 5 | 管 | | | 層 | | 事 | 高 | 層 | 管 理 人 員 15 | 董 | | | 及 | | 事 | 告 | 書 | 17 | 董 | | | 報 | | 業 | 治 | 報 | 告 22 | 企 | | | 管 | | 立 | 數 | 師 | 報 告 29 | 獨 | | | 核 | | 合 | 益 | 表 | 34 | 綜 | | | 損 | | 合 | 益 | 及 | 其 他 全 面 收 益 表 35 | 綜 | | | 損 | | 合 | 務 | 狀 | 況 表 36 | 綜 | | | 財 | | 合 | 益 | 變 | 動 表 38 | 綜 | | | 權 | | 合 | 金 | 流 | 量 表 39 | 綜 | | | 現 | | 合 | 務 ...

2025 ANNUAL REPORT 年報 Universe Entertainment And Culture Group Company Limited 寰宇娛樂文化集團有限公司 Annual Report 2025 年報 目錄 CONTENT 2 Corporate Information 公司資料 4 Chairman's Statement 主席報告 6 Management Discussion and Analysis 管理層討論及分析 14 Directors and Senior Management Profile 董事及高級管理人員簡介 17 Corporate Governance Report 企業管治報告 36 Environmental, Social & Governance Report 環境、社會及管治報告 68 Report of the Directors 董事會報告書 90 Independent Auditor's Report 獨立核數師報告書 95 Consolidated Statement of Financial Position 綜合財務狀況表 97 C ...

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。 HANGZHOU TIGERMED CONSULTING CO., LTD. 杭州泰格醫藥科技股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：3347） 2025年第三季度報告 本公告根據香港聯合交易所有限公司證券上市規則第13.09(2)條和第13.10B 條及香港法例第571章《證 券 及 期 貨 條 例》第XIVA部 內 幕 消 息 條 文 作 出。 下 文 為 杭 州 泰 格 醫 藥 科 技 股 份 有 限 公 司（「本公司」，連 同 其 子 公 司 統 稱 「本集團」）2025年 財 政 年 度 第 三 季 度 報 告。本 公 告 及 隨 附 的 財 務 報 表 最 初 以 中 文 編 製，並 以 中 英 文 版 本 刊 登。如 中 英 文 版 本 有 任 何 歧 ...

Financial Performance - For the first nine months of 2025, the group's net operating income before impairment provisions increased by 6.3% year-on-year to HKD 57.179 billion, while the third quarter saw a quarter-on-quarter decline of 13.9%[4] - The net interest income after accounting for foreign exchange swap contracts decreased by 0.7% year-on-year to HKD 43.3 billion, with the net interest margin narrowing by 8 basis points to 1.54% due to lower market interest rates compared to the previous year[5] - Net service fees and commission income rose by 22.1% year-on-year to HKD 9.051 billion, driven by increased demand for wealth management services and improved market conditions[5] - Customer deposits grew by 10.2% compared to the end of 2024, totaling HKD 3,001.306 billion, with savings deposits increasing and time, short-term, and notice deposits declining[9] - The impairment loan ratio stood at 0.96%, continuing to outperform the market average[9] - Total assets reached HKD 4,465.713 billion as of September 30, 2025, reflecting a 6.5% increase from the end of 2024[9] - Operating expenses increased by 1.9% year-on-year, with a cost-to-income ratio of 22.05%, maintaining a strong position within the local banking sector[6] - The liquidity coverage ratio, stable funding ratio, and capital ratio remained robust, ensuring financial stability[9] Business Strategy and Development - The group is actively pursuing business opportunities in the Greater Bay Area and Southeast Asia, enhancing cross-border business advantages and promoting integrated development strategies[10] - The company is focusing on digital transformation through artificial intelligence and strengthening comprehensive risk management foundations to effectively address risk challenges[10] - The company is actively promoting digital transformation to enhance online services, trading capabilities, and risk management levels[13] - The company has expanded its cross-border services in the Greater Bay Area, with new RMB mortgage and property loan solutions launched for customers[11] - The company is deepening its regional management model in Southeast Asia, expanding its financial product service system to capture opportunities from the Belt and Road Initiative[14] Market Position and Services - The stock trading volume in the first nine months of 2025 significantly increased compared to the same period last year, driven by a recovery in the Hong Kong stock market and new IPOs[11] - The company launched a new guaranteed fund to meet investor demand for stable returns and to capture the potential upside in the US stock market, providing guaranteed dividends and value[11] - The company maintained its market leadership in the primary market for IPO fundraising, with a leading position in syndicate loan arrangements in the Hong Kong and Macau regions[12] - The company has been recognized as an international securities custodian service provider, enhancing its multi-currency account overdraft services and automated foreign exchange transaction settlement[12] - The company is focusing on high-end customers' needs for inheritance-related life insurance products, enriching its product series and enhancing promotional efforts[11] - The company is supporting carbon reduction and sustainable development for enterprises in Hong Kong, the Greater Bay Area, and Southeast Asia through green and sustainable loans and bonds[12] Dividends - The third interim dividend for the fiscal year 2025 is set at HKD 0.29 per share, with the record date for shareholders on November 20, 2025[15]

Financial Performance - The pre-tax profit on a reported basis for Q3 2025 was $7.3 billion, a decrease of $1.2 billion compared to Q3 2024, primarily due to increased operating expenses including a legal provision of $1.4 billion[5]. - Total revenue for Q3 2025 increased by $0.8 billion to $17.8 billion, a growth of 5% supported by increased customer activity in wealth management[5]. - Operating expenses for Q3 2025 were $10.1 billion, an increase of $1.9 billion or 24% compared to Q3 2024, driven by notable items including a legal provision of $1.4 billion[5]. - The company reported a net profit of $17,944 million for the nine months ended September 30, 2025, a decrease of 26.2% from $24,414 million in the same period of 2024[31]. - The company reported a pre-tax profit of $30,032 million for the nine months ended September 30, 2025, an increase from $28,000 million in the same period of 2024[173]. Net Interest Income - The net interest income for Q3 2025 was $8.8 billion, an increase of $1.1 billion or 15% compared to Q3 2024, reflecting growth in deposits and structural hedging benefits[5]. - Net interest income was $25.6 billion, an increase of $1.1 billion, despite a $1.5 billion adverse impact from the sale of Argentine and Canadian businesses[8]. - The bank's net interest income for the first nine months of 2025 was $32.362 billion, a decrease of $0.4 billion or 1% compared to the same period in 2024, primarily due to the sale of operations in Argentina and Canada, which accounted for a $1.6 billion reduction[61]. - The net interest margin remained stable at 1.57% for both the nine months ended September 30, 2025, and 2024[17]. Operating Expenses - Operating expenses rose by $2.7 billion to $27.1 billion, an increase of 11%, primarily due to significant items including legal provisions and restructuring costs[8]. - Operating expenses for Q3 2025 increased by 24% to $10,076 million from $8,143 million in Q3 2024[33]. - The company’s operating expenses included a $1,400 million legal provision, which significantly impacted the overall expense increase[43]. Expected Credit Losses - Expected credit losses for Q3 2025 were $1 billion, unchanged from Q3 2024, with provisions related to wholesale business risks[5]. - Expected credit losses increased by $900 million to $2.9 billion, with a significant portion attributed to increased provisions related to Hong Kong commercial real estate[8]. - Expected credit losses for the first nine months of 2025 were $2.95 billion, up from $1.99 billion in the same period of 2024, indicating a significant increase of about 48%[132]. Capital Ratios - The common equity tier 1 capital ratio was 14.5%, a decrease of 0.1 percentage points from Q2 2025, primarily due to a reduction in common equity tier 1 capital[5]. - The common equity tier 1 capital ratio mid-term target range is maintained at 14% to 14.5%, with anticipated capital impacts from the proposed privatization of Hang Seng Bank[8]. Dividends and Share Buybacks - The board approved a dividend of $0.10 per share for Q3 2025, and a $3 billion share buyback was completed on October 24, 2025[5]. - The dividend payout ratio target for 2025 is maintained at 50%, excluding significant items and related impacts[8]. Wealth Management - Wealth management assets under management reached $15 trillion as of September 30, 2025, representing a 13% increase year-over-year, with net new investment assets of $73 billion in the first nine months of 2025[16]. - Wealth management revenue increased by $1.44 billion or 25%, reflecting strong performance in the segment[46]. Strategic Transactions - HSBC announced a conditional proposal to privatize Hang Seng Bank, which is expected to result in a capital impact of approximately 125 basis points upon completion[12]. - The group plans to reallocate approximately $1.5 billion from non-strategic business activities to areas with significant competitive advantages and value-added returns[13]. - The company recognized a $1 billion impairment loss on its investment in the joint venture after conducting a value impairment test[134]. Market Conditions and Outlook - The Federal Reserve's target interest rate is currently set between 4% and 4.25%, with expectations for further rate cuts by the end of the year[182]. - The company anticipates moderate growth in its main markets in 2026, influenced by trade and tariff policies[181].

Financial Performance - The company's revenue for the year ended June 30, 2025, was approximately HKD 303,427,000, an increase of 29% from HKD 234,832,000 in the previous year[3]. - Gross profit rose to approximately HKD 4,968,000, up 76% from HKD 2,827,000 last year, with a gross margin improvement from 1.2% to 1.6%[3][13]. - The company reported a loss attributable to shareholders of approximately HKD 17,128,000, compared to a profit of HKD 45,641,000 in the previous year, representing a 138% decline[3][6]. - Total assets decreased by 17% to HKD 74,999,000 from HKD 90,454,000 last year[3]. - The current ratio fell by 24% to 16.31 from 21.43, indicating a decline in liquidity[3]. - The company recorded a loss attributable to owners of approximately HKD 17,128,000, compared to a profit of about HKD 45,641,000 in the previous year, primarily due to the absence of one-time gains from the sale of subsidiaries[19]. - The total comprehensive loss for the year was HKD 16,464,000, compared to a comprehensive income of HKD 46,742,000 in the previous year, highlighting a shift towards negative overall performance[170]. - The company reported a net loss of HKD 17,128,000 for the year ending June 30, 2025, compared to a profit of HKD 45,641,000 in the previous year, indicating a significant downturn in performance[174]. Operational Strategies - The company anticipates that the global economic uncertainty will continue to impact market dynamics, particularly in its core procurement and sales market in China[8]. - Future strategies include optimizing the business portfolio by focusing on high-margin, sustainable business segments and expanding the product range of proprietary brand products[8]. - The company plans to implement strict risk management measures, including cash flow management and proactive inventory control, to navigate market volatility[8]. - The management is implementing strict pricing and inventory controls to mitigate risks and avoid inventory losses due to fluctuating demand and prices for plastic raw materials[30]. - The company emphasizes cost management and operational discipline while optimizing procurement, pricing, and expenditure efficiency[32]. Expenses and Costs - Sales and distribution expenses increased by approximately 39.6% to about HKD 1,397,000, primarily due to an increase in the number of sales personnel[16]. - General and administrative expenses rose by approximately 27.7% to about HKD 17,652,000, mainly driven by an increase in employee numbers and salary adjustments[17]. - Employee costs, including director remuneration, amounted to approximately HKD 12,165,000 this year, up from HKD 9,603,000 last year[35]. Corporate Governance - The company has adopted the corporate governance code principles and has fully complied with the code, except for the deviation regarding the roles of the Chairman and CEO[49]. - The board consists of 4 executive directors and 3 independent non-executive directors, ensuring at least one independent director has appropriate professional qualifications[55]. - The company emphasizes the importance of independent directors in maintaining corporate governance and transparency[41]. - The independent directors collectively bring a wealth of knowledge in finance, investment, and corporate governance, which is crucial for the company's strategic direction[42][47]. - The board has adopted a diversity policy, emphasizing the importance of diverse skills, backgrounds, and experiences among its members[64]. Risk Management - The company acknowledges several key risks, including potential inability to maintain growth rates and cash flow conditions similar to the past[106]. - The company has established comprehensive policies and procedures for risk management and internal controls, which are regularly updated and reviewed[81]. - The audit committee is responsible for investigating reported cases of misconduct and ensuring confidentiality and timely follow-up actions[83]. Shareholder Relations - The company maintains a high level of transparency in communications with shareholders, utilizing annual general meetings and financial reports as primary channels[99]. - The company emphasizes the importance of effective communication with shareholders to enhance investor relations and understanding of business performance[99]. - The company has a dividend policy that aims to balance dividend distribution with retaining sufficient liquidity for operational needs and future growth opportunities[109]. Share Options and Ownership - The company has a stock option plan in place to reward directors and eligible employees[133]. - The company has granted a total of 80,140,000 share options at an exercise price of HKD 0.46 per share, which is the highest of the closing price on the grant date and the average closing price over the previous five trading days[141]. - The total number of share options granted to eligible participants in any 12-month period cannot exceed 1% of the issued shares without shareholder approval[141]. - The company has a total of 72,640,000 stock options available for issuance, representing approximately 5.48% of the issued share capital as of the report date[144]. Financial Reporting and Compliance - The independent auditor has reviewed the consolidated financial statements and found them to fairly reflect the group's financial position as of June 30, 2025[159]. - The company reported that it has complied with all relevant laws and regulations affecting its business operations[114]. - The audit committee held three meetings during the year to review the annual financial performance and reports, as well as the interim results for the six months ending December 31, 2024[75].

香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM乃為較其他於聯交所上市的公司帶有較高投資風險的中小企業提供上市之市場。有意投資者應了解投 資於該等公司的潛在風險，並應經審慎周詳的考慮後方作出投資決定。 由於在GEM上市的公司一般為中小企業，在GEM買賣的證券可能會較於主板買賣的證券承受較大的市場 波動風險，同時亦無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不發表任何聲明， 並明確表示概不會就因本報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。 本報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關Pacific Legend Group Limited（「本公司」）的資料。本公司董事（「董事」）願就本報告所載資料共同及個別地承擔全部責任。董事在 作出一切合理查詢後，確認就彼等所知及確信，本報告所載資料在各重大方面均屬準確完備，沒有誤導或 欺詐成份，且並無遺漏任何其他事項，足以令致本報告或其所載任何陳述有所誤導。 本報告原文乃以英文編製，其後翻譯成中文。中英文版本如有任何歧義 ...

公司負責人、主管會計工作負責人及會計機構負責人(會計主管人員)保證季度報告中財務信息 的真實、準確、完整。 香港交易及結算所有限公司及香港聯合交易所有限公司(「香港聯交所」)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，並明確表示概不就因本公告全部或任何部分內容而産生或 因倚賴該等內容而引致之任何損失承擔任何責任。 Zhejiang Shibao Company Limited* 浙江世寶股份有限公司 （於中華人民共和國註冊成立的股份有限責任公司） （股份代號：1057） 2025年第三季度報告 本公告乃浙江世寶股份有限公司(「本公司」)根據香港聯交所證券上市規則第 13.10B 條的披露要 求而作出。 本公告所載季度報告（未經審計）是按《中國企業會計準則》編制及依照中國證券監督管理委員會 關於季度報告編制及披露的有關規定編制，已經本公司董事會審議通過。 重要提示 公司董事會、監事會及董事、監事、高級管理人員保證季度報告的真實、準確、完整，不存在 虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 公司第三季度財務會計報告未經審計。 * 僅供識別 1 一、 主要財務數據 (一) 主要 ...

Financial Performance - Total revenue for the fiscal year 2025 is projected to be 8.448 billion HKD, representing a 2.2 times increase compared to the fiscal year 2017[17]. - Shareholder profit for the fiscal year 2025 is expected to reach 4.333 billion HKD, which is 2.6 times higher than in the fiscal year 2017[17]. - Revenue for the fiscal year ending June 30, 2025, was HKD 8,159.9 million, a decrease of 3.4% from HKD 8,447.9 million in 2024[29]. - Gross profit for the same period was HKD 1,053.5 million, down 0.5% from HKD 1,059.2 million[29]. - Profit attributable to shareholders decreased by 9.6% to HKD 453.2 million from HKD 501.1 million in the previous year[29]. - Basic earnings per share fell to HKD 0.99, a decline of 9.2% compared to HKD 1.09 in 2024[29]. - The adjusted profit for the fiscal year 2025 was HKD 4,516 million, a decrease of 5.0% from HKD 4,753 million in 2024[31]. - The group recorded a profit attributable to shareholders of HKD 453.2 million, a decrease of 5.0% from HKD 475.3 million last year, primarily due to delays in design and construction projects in the electromechanical engineering services segment[112]. - The group secured contracts worth HKD 7.9 billion this year, with an outstanding contract value exceeding HKD 14.5 billion[112]. - The company reported a significant increase in overall revenue, achieving a year-on-year growth of 15%[134]. Dividends and Payouts - The company has maintained a stable dividend payout ratio of approximately 40%[19]. - The company declared a final dividend of HKD 0.185 per share, down from HKD 0.214 in 2024, resulting in a total dividend of HKD 0.396 per share for the year[30]. - The company achieved a 40.1% dividend payout ratio for the fiscal year 2025, compared to 40.0% in 2024[30]. Employee and Training Initiatives - Total training hours for employees reached 247,420 hours for the fiscal year ending June 30, 2025[21]. - The total number of employees as of June 30, 2025, is 26,678, up from 1,662 in 2016[21]. - The company plans to enhance safety training hours to 120,000 in the fiscal year 2026, representing a 9.2% increase[108]. - Stakeholder engagement training hours are set to increase to 67,820 in the fiscal year 2026, reflecting a 10.0% growth[109]. - The total training hours target for the fiscal year 2026 is raised to 270,000, marking a 9.1% increase[110]. Corporate Social Responsibility and Awards - The company has a strong commitment to corporate social responsibility, with 28,367 total volunteer service hours recorded[21]. - The company received the United Nations Sustainable Development Goals Achievement Award in 2024, affirming its commitment to sustainable development[51]. - The company was awarded the HKB National Business Award in the corporate group category, recognizing its achievements in promoting corporate social responsibility in Hong Kong[58]. - The company won the Outstanding Listed Company Award for two consecutive years, highlighting its excellence in business development, innovation, and social responsibility[71]. - The company was recognized for its efforts in creating an inclusive and healthy workplace culture by receiving the Best Practice Award at the 2023-24 National Occupational Health Awards[52]. - The company was awarded the Outstanding ESG Environmental Performance Award, reflecting its active participation in environmental practices[65]. Strategic Growth and Market Expansion - The company continues to focus on expanding its integrated living services and property management sectors, which are key growth areas[37]. - The company completed the acquisition of Beijing New Domain Insurance Brokerage Co., aiming to enhance regional diversification and expand insurance solution offerings, which is expected to improve profitability and create higher returns for shareholders[72]. - The recent acquisition of Beijing New Domain Insurance Brokerage Company is part of the company's strategy to expand service offerings and geographic coverage[111]. - The company is optimistic about expanding its project coverage and winning new contracts in mainland China due to favorable government policies[123]. - The company is exploring strategic acquisitions to bolster its market position, with a budget allocation of $100 million for potential targets[147]. Governance and Management - The company has a diverse board with members holding various professional qualifications and extensive industry experience[149][151][153][155][157][159]. - The board includes members with significant contributions to public service and various advisory committees[160]. - The company emphasizes governance and compliance through its independent directors and audit committee[151][153][155]. - The board's composition reflects a commitment to professional expertise and industry knowledge, enhancing strategic decision-making[149][151][153][155][157][159]. - The company is committed to maintaining high levels of corporate governance to protect shareholder interests and enhance corporate value[193]. - The company has complied with all provisions of the corporate governance code, except for F.2.2, which requires the chairman of the board to attend the annual general meeting[193]. Diversity and Inclusion - The current gender diversity on the board is approximately 7% female representation[198]. - The company aims to increase the percentage of women in senior management from 7% in FY2024 to 20% by September 26, 2025[199]. - The board has adopted a diversity policy that considers gender, age, culture, and educational background for its members[198]. - The company is committed to creating an inclusive work environment for employees from diverse backgrounds[199].