HONG KONG SHENZHEN BEIJING 香港聯合交易所有限公司（「聯交所」）GEM的特點 GEM的定位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的中小型公司提供 一個上市的市場。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周 詳的考慮後方作出投資決定。GEM的較高風險及其他特色，表示GEM較適合專業及其他 資深投資者。 中 期 報 告 2025 • 2026 香 港 深 圳 北 京 Finet Group Limited (Continued in Bermuda with limited liability) 財華社集團有限公司 (於百慕達存續之有限公司) (股份代號: 08317) (Stock Code: 08317) INTERIM REPORT 2025 • 2026 由於GEM上市公司屬新興性質，並一般為中小型公司，在GEM買賣的證券可能會較於聯 交所主板買賣之證券承受較大的市場波動風險，同時無法保證在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，並明確表示概不就因本報告全部 ...

（ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1323） 2025/2026 中期報告 Huasheng International Holding Limited Huasheng International Holding Limited 華盛國際控股有限公司 INTERIM REPORT Huasheng International Holding Limited 華盛國際控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1323) 2025/2026 華 盛 國 際 控 股 有 限 公 司 IN T E RIM R E P O R T 2025/2026 中 期 報 告 目錄 | 公司資料 | 2 | | --- | --- | | 管理層討論與分析 | 3 | | 其他資料 | 11 | | 未經審核簡明綜合損益及其他全面收益報表 | 14 | | 未經審核簡明綜合財務狀況報表 | 15 | | 未經審核簡明綜合權益變動報表 | 16 | | 未經審核簡明綜合現 ...

;fl�@m� BRIGHT SMART SECURITIES 1tl 7f ���Pit ffi Iii� �H 11 aJ Bright Smart Securities & Commodities Group Limited ( M 00 � M .§ �1 illt J;x .rr z � �.IH1 'iiJ ) (Incorporated in the Cayman Islands with limited liability) D!H£'{-\:W! Stock Code: 1428 �Jlftf1Elli11ft • � ft - lnJ y; Iii) ff Fintech is Evolving Rapidly Bright Smart Progress Alongside You 2025/26 lft JUI ti � Interim Report Contents 目錄 | Corporate Information | 公司資料 | 2 | | --- | --- | --- | | Management Discussion and Analysis | 管理層討論與分析 | 5 ...

2025-2026 2026年度中期業績財務摘要 | 總營業額 | 36億港元 | | --- | --- | | | ▲ 0.5% | | 毛利率 | 27.9% | | | ▼ 150個基點 | | 未計財務成本及所佔聯營公司 | 1.74億港元 | | 業績前溢利 | ▼ 13.6% | | 本公司擁有人應佔溢利 | 3,620萬港元 | | | ▲ 38.6% | | 每股基本盈利 | 3.57港仙 | | | ▲ 24.8% | | 每股中期普通股息 | 1.8港仙 | | | ▲ 20%（2025年度：1.5港仙） | | 資產總值 | 78億港元 | | | ▲ 3.2%（與2025年3月31日相比） | | 資產淨值 | 22億港元 | | | ▲ 2.9%（與2025年3月31日相比） | | 淨借貸權益比率 | 0.99 | | | （於2025年3月31日︰0.98） | 2026年度財務日誌 2025年度全年業績公佈 2025年6月24日 2025年度股東周年大會 2025年9月2日 2025年度末期股息截止過戶日期 2025年9月11日及9月12日 2025年度末期股息記錄日期 20 ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 253,113,000, a slight increase from HKD 252,777,000 in the same period of 2024, representing a growth of 0.13%[7] - Gross profit decreased significantly to HKD 15,495,000 from HKD 40,789,000, indicating a decline of 62% year-over-year[7] - The company reported a loss before tax of HKD 72,634,000, compared to a loss of HKD 55,568,000 in the previous year, reflecting a deterioration of 30.7%[7] - Total comprehensive loss for the period was HKD 67,214,000, compared to a loss of HKD 57,766,000 in the same period last year, an increase of 16.8%[9] - The company’s net loss attributable to equity holders was HKD 70,809,000, compared to HKD 52,895,000 in the previous year, reflecting a 33.9% increase in losses[7] - The company reported a net loss of HKD 52,895,000 for the six months ended September 30, 2025, compared to a loss of HKD 70,809,000 for the same period in 2024[13] - The company recorded a total adjusted pre-tax loss of HKD 72,634,000 for the six months ended September 30, 2025, compared to a loss of HKD 55,568,000 in the same period of 2024[28] - The company reported a net loss of approximately HKD 72.8 million for the period, an increase of 27.6% compared to the previous period's loss of approximately HKD 57 million[102] Assets and Liabilities - Non-current assets increased to HKD 1,214,820,000 from HKD 1,174,954,000, showing a growth of 3.4%[10] - Current assets rose to HKD 557,589,000, up from HKD 528,445,000, marking a 5.5% increase[10] - Current liabilities totaled HKD 982,890,000, compared to HKD 935,504,000, an increase of 5.1%[12] - The company’s total equity increased to HKD 324,300,000 from HKD 238,393,000, representing a growth of 36%[12] - Total equity attributable to the owners of the company increased to HKD 293,078,000 as of September 30, 2025, from HKD 225,474,000 as of April 1, 2025, reflecting a growth of approximately 30%[15] - The company’s accumulated losses increased to HKD 605,684,000 as of September 30, 2025, from HKD 658,722,000 as of April 1, 2025[15] - The company’s interest-bearing bank and other borrowings totaled approximately HKD 640 million as of September 30, 2025, down from HKD 690 million as of March 31, 2025[104] - The debt-to-equity ratio improved significantly to 198.0% as of September 30, 2025, from 288.5% as of March 31, 2025, mainly due to the capitalization of HKD 140 million in shareholder loans[105] Cash Flow and Financing - Cash and cash equivalents increased to HKD 57,913,000 from HKD 37,269,000, a significant rise of 55.5%[10] - Cash and cash equivalents at the end of the period were HKD 57,913,000, a decrease from HKD 76,317,000 at the beginning of the period[16] - The company generated a net cash outflow from operating activities of HKD 37,832,000 for the six months ended September 30, 2025, compared to an outflow of HKD 11,204,000 for the same period in 2024[16] - The company’s financing activities generated a net cash inflow of HKD 92,745,000, compared to HKD 61,781,000 in the previous year[16] - The company raised HKD 150,925,000 through the issuance of new shares during the reporting period[15] Revenue Segmentation - The natural gas segment generated revenue of HKD 226,435,000, compared to HKD 219,418,000 in the previous year, reflecting a growth of approximately 7%[28] - The renewable energy segment reported a revenue decline to HKD 25,733,000 from HKD 32,337,000, representing a decrease of about 20%[28] - For the six months ended September 30, 2025, the company recorded retail sales of natural gas at 8,244 tons, a decrease from 11,426 tons in 2024, with retail revenue of approximately HKD 52,452,000, down from HKD 77,447,000 in 2024, contributing 20.7% to total revenue[77] - The company achieved significant growth in pipeline natural gas trade, with sales volume reaching 43,847 tons, up from 28,632 tons in 2024, and trade revenue of approximately HKD 156,470,000, compared to HKD 117,107,000 in 2024, contributing 61.8% to total revenue[78] - Revenue from the liquefied natural gas (LNG) logistics business was approximately HKD 17,513,000 for the reporting period, down from HKD 24,864,000 in 2024, contributing 6.9% to total revenue[79] - Revenue from the new energy business was approximately HKD 25,733,000, accounting for 10.2% of total revenue, down from HKD 32,337,000 in 2024[84] Operational Highlights - The company continues to focus on expanding its renewable energy solutions and enhancing its natural gas logistics services[26] - The company is actively expanding its new energy business, focusing on smart heating projects and comprehensive energy services in industrial parks, with ongoing projects in Xi'an, Dongguan, Zhanjiang, and Yixing[75] - The company aims to enhance operational efficiency and optimize energy structure in response to national policies, including the Energy Law and guidelines for promoting new energy consumption and regulation[74] - The company is committed to a dual-drive strategy of natural gas and new energy, leveraging AI technology and biomass energy projects to provide cleaner and more efficient energy solutions[74] - The company is focusing on the construction of zero-carbon parks, supported by government policies aimed at promoting green and low-carbon transformation[72] Employee and Management - Employee costs, including director remuneration, decreased to HKD 30,643,000 from HKD 36,278,000, a reduction of about 16%[32] - The total remuneration for key management personnel was HKD 2,169,000 for the six months ended September 30, 2025, compared to HKD 4,041,000 in 2024[66] - The company reported a decrease in employee count to 445 as of September 30, 2025, down from 518 on March 31, 2025, with employee costs amounting to approximately HKD 30.6 million during the reporting period[115] Corporate Governance and Compliance - The company has adopted corporate governance codes and believes it has complied with applicable provisions during the reporting period[130] - The company’s audit committee consists of three independent non-executive directors, responsible for providing independent insights on financial controls and risk management systems[148] - The company has not engaged in any arrangements that would allow directors or key executives to acquire securities of the company or its affiliates during the reporting period[145] Future Outlook and Investments - The company has invested approximately RMB 59 million in the Zhanjiang Energy Supply and Distribution Base project, which is expected to be completed and operational by the second half of 2026[118] - The company has secured a 20-year concession for the Dongguan Songshan Lake Science and Technology City centralized energy station project, enhancing its market presence[119] - The company plans to invest up to RMB 417 million in a clean energy municipal centralized cooling and heating project in Xi'an, which includes the construction of a 182.2MW integrated energy station and a 5 million square meter sewage source system[124] - The company is currently in the preliminary project planning stage for another project, with no additional major investments or capital asset increases authorized by the board as of the report date[126] Risks and Challenges - The company faces risks from macroeconomic fluctuations and industry cyclicality, which could adversely affect business growth and profitability[110] - The company is actively managing foreign exchange risks due to its operations primarily in China, with potential impacts from currency fluctuations on reported income[111] - The company has established stable relationships with key suppliers to mitigate risks related to natural gas supply shortages and price volatility[112] - The company is monitoring regulatory trends in its operating locations to ensure compliance and maintain sustainable competitive advantages[110]

香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的 公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審 慎周詳的考慮後方作出投資決定。 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，並明確表示概不就因本報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。 本報告的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關 奧傳思維控股有限公司（「本公司」）的資料；本公司的董事（「董事」）願就本報告的資料共同 及個別地承擔全部責任。董事在作出一切合理查詢後，確認就其所深知及盡悉，本報告所 載資料在各重要方面均屬準確完備，沒有誤導或欺詐成分，且並無遺漏任何其他事項，足 以令致本報告所載任何陳述或本報告產生誤導。 本公司董事會（「董事會」）欣然宣佈本公司及其附屬公司（統稱「本集團」）截至二零二五年 九月三十日止六個月期間的未經審核簡明綜合業績，連同二零二四年同期的未經審核比較 數字（「財務資料」）如下： 簡明綜合損益及其 ...

財務摘要 | | 截至九月三十日止六個月 | | | | --- | --- | --- | --- | | | 二零二五年 | 二零二四年 | 變動 | | | （未經審核） | （未經審核） | | | （港幣千元） 業績摘要 | | | | | 收益 | 1,211,523 | 1,208,819 | 0% | | 除稅前溢利 | 71,180 | 78,997 | -10% | | 本公司權益持有人應佔溢利 | 60,644 | 65,160 | -7% | | 資產總值 | 4,353,251 | 4,335,067 | 0% | | 股東權益 | 3,145,375 | 3,094,076 | 2% | | 已發行股本 | 63,053 | 63,053 | 0% | | 流動資產淨值 | 2,022,078 | 2,023,307 | 0% | | 每股數據 | | | | | 每股基本盈利 （港仙） | 9.6 | 10.3 | -7% | | 每股現金股息 （港仙） | 3.6 | 3.8 | -5% | | 每股資產淨值 （港元） | 5.0 | 4.9 | 2% | | 主要財務比率 | ...

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Financial Performance - The Group's revenue for the first half of FY2025/26 decreased by 5.4% to HK$4,036.2 million compared to HK$4,264.8 million in the same period last year[11]. - Adjusted EBITDA declined by 29.4% to HK$242.9 million, down from HK$343.8 million in the previous year[12]. - Profit attributable to shareholders decreased by 67.6% to HK$46.7 million, compared to HK$144.0 million in the prior year[12]. - The Group's profit attributable to shareholders, excluding fair value loss of investment properties, decreased by 59.4%[12]. - Basic earnings per share decreased by 67.3% to HK8.2 cents for the six months ended 30 September 2025 (2024: HK25.0 cents)[37]. - Total comprehensive income for the period was HK$54,139, down 59.5% from HK$133,917 in 2024[190]. - Gross profit for the same period was HK$329,368, down 24.7% from HK$437,425 in 2024[189]. - Operating profit decreased to HK$88,373, representing a decline of 53.5% from HK$189,916 in the previous year[189]. Market Conditions - The Group faced significant challenges due to structural transformation in the market, with weak inbound tourist consumption impacting sales during peak periods[11]. - The overall market conditions were marked by weak consumer sentiment and fierce price competition in the restaurant sector[13]. - The gross profit margin decreased to 8.2% for the six months ended September 30, 2025, down from 10.3% in 2024, primarily due to weak consumer sentiment and fierce price competition[25]. Business Operations - The Casual Dining division and Institutional Catering units performed better due to their simple operational models and stable demand[14]. - The Group continued stable network expansion in the Greater Bay Area despite a challenging economic environment in Mainland China[14]. - Management is focusing on improving efficiency by exploring new business formats and consolidating underperforming outlets[11]. - The Group is focusing on revamping existing business operations to enhance efficiency and drive growth while controlling overheads to improve margins[17]. - The Group's strategy includes exploring new business formats, consolidating underperforming outlets, and simplifying operations[20]. - The Group plans to consolidate lower-performing stores and identify high-traffic locations for new openings to drive future growth[120][124]. Dividends and Shareholder Returns - An interim dividend of HK10 cents per share was declared, down from HK15 cents in the previous year, with a payout ratio of 124.1%[11]. - Proposed dividends decreased from HK$145,001,000 to HK$58,000,000, indicating a significant reduction in shareholder returns[186]. - Interim dividend declared at HK10 cents per share, down from HK15 cents, with a payout ratio of 124.1%[38]. Digital Transformation and Technology - The Group's digital transformation initiatives improved overall store productivity and customer experience, enabling frontline staff to dedicate more time to customer service[85]. - The Group is implementing AI technology in its stores to optimize ventilation and air-conditioning systems, projecting energy savings of over 20%[113][114]. - Ordering kiosks have been rolled out to nearly all shops, with increasing customer usage, and enhancements to the mobile app ordering interface have been made[57]. Customer Engagement and Loyalty - The Club 100 loyalty programme reached 2 million registered members following a targeted campaign in August[52]. - The customer loyalty programme's registered membership base in the Chinese Mainland has expanded beyond 7.4 million users[85]. - The Group's product strategy focuses on three main pillars: Signature Product Strategy, Value Strategy, and Health Strategy, enhancing customer engagement and driving sales[84]. Financial Position and Assets - The Group's total assets as of September 30, 2025, amounted to HK$5,790,042,000, a decrease from HK$5,980,230,000 as of March 31, 2025[186]. - Total liabilities decreased from HK$3,235,494,000 to HK$3,143,428,000, with long-term borrowings reduced from HK$225,000,000 to HK$125,000,000[187]. - The Group's total equity as of September 30, 2025, was HK$2,646,614,000, down from HK$2,744,736,000[186]. - The Group's cash position as of September 30, 2025, was approximately HK$965 million, with available banking facilities of HK$746 million[90]. Employee and Corporate Governance - The Group's workforce consisted of 18,732 employees as of September 30, 2025, down from 18,970[98]. - The company complied with all code provisions of the Corporate Governance Code during the six months ended September 30, 2025[165]. - All directors confirmed compliance with the Model Code regarding securities transactions during the reporting period[166]. Share Options and Awards - The number of shares available for grant under the 2022 Share Option Scheme was 36,131,403 shares as of April 1, 2025, and increased to 37,125,403 shares by September 30, 2025[134]. - A total of 22,439,000 options were outstanding as of September 30, 2025, with 646,000 options exercised during the period and 1,640,000 options lapsed[136]. - The options granted under the 2022 Share Option Scheme are subject to personal performance targets based on the Company's Performance Management System before vesting[136]. - The company adopted a new Share Award Scheme on August 27, 2023, which will be effective for ten years[142].

(incorporated in the Cayman Islands with limited liability) 2025/26 INTERIM REPORT 中期報告 Stock Code : 1489 CONTENTS 目錄 02 Corporate Information 公司資料 04 Interim Results Highlights 中期業績概要 05 Management Discussion and Analysis 管理層討論與分析 13 Corporate Governance and Other Information 公司管治及其他資料 18 Unaudited Condensed Consolidated Interim Statement of Comprehensive Income 未經審核簡明綜合中期全面收入表 19 Unaudited Condensed Consolidated Interim Statement of Financial Position 未經審核簡明綜合中期財務狀況表 21 Unaudited Condensed Consolidated In ...