Financial Performance - For the six months ended September 30, 2025, the company's revenue was HKD 18,905,000, a decrease of 20.5% compared to HKD 23,600,000 in the same period of 2024[3] - The gross profit for the same period was HKD 1,997,000, down 40.2% from HKD 3,342,000 in 2024[3] - The company reported a loss before tax of HKD 3,768,000, compared to a loss of HKD 1,775,000 in the previous year, indicating a significant increase in losses[3] - The net loss for the period was HKD 3,793,000, compared to HKD 1,798,000 in 2024, reflecting a year-over-year increase of 110.5%[3] - The company's cash and cash equivalents decreased significantly to HKD 1,075,000 from HKD 5,702,000, a decline of 81.1%[4] - The company’s net cash used in operating activities was HKD 1,494,000, a significant decrease from a net cash inflow of HKD 1,983,000 in 2024[8] - The group recorded a loss of approximately HKD 3,793,000 for the period, an increase from HKD 1,798,000 in 2024, primarily due to a decline in gross profit and the absence of gains from the sale of financial assets[57] Assets and Liabilities - The company's total assets as of September 30, 2025, were HKD 51,767,000, a decrease from HKD 55,465,000 as of March 31, 2025[4] - Current liabilities increased to HKD 8,022,000 from HKD 6,392,000, indicating a rise of 25.5%[4] - Trade receivables as of September 30, 2025, amounted to HKD 7,232,000, a decrease from HKD 7,502,000 as of March 31, 2025[34] - Trade payables as of September 30, 2025, were HKD 2,315,000, slightly down from HKD 2,328,000 as of March 31, 2025[37] - As of September 30, 2025, the group had current assets of approximately HKD 13,872,000, down from HKD 18,758,000 as of March 31, 2025[59] Revenue Breakdown - Repair service revenue was HKD 18,815,000, down 20.0% from HKD 23,495,000 in the previous year[17] - Total other income and gains decreased to HKD 2,786,000 from HKD 3,725,000, a decline of 25.3%[21] - Revenue for the six months ended September 30, 2025, was HKD 18,905,000, a decrease of 20.5% compared to HKD 23,600,000 for the same period in 2024[17] - Revenue from repair services was approximately HKD 18,815,000, a decrease of about 19.9% compared to HKD 23,495,000 in 2024[49] Shareholder Information - As of September 30, 2025, the company has issued a total of 128,342,000 shares[74] - Mr. Cheung's family holds 66,000,000 shares, representing approximately 51.43% of the company's issued shares[74] - The combined holdings of the Cheung brothers account for 1,384,000 shares, which is about 1.08% of the issued shares[74] - Ms. Tang holds 73,008,000 shares, representing approximately 56.89% of her spouse's holdings[82] - Ms. Yang holds 73,602,000 shares, representing approximately 57.35% of her spouse's holdings[82] - KW Cheung Family Holdings Limited is identified as a major shareholder with 66,000,000 shares, equivalent to 51.43%[82] Corporate Governance - The board emphasizes the importance of good corporate governance practices and has adopted several governance and disclosure practices to enhance transparency and accountability[84] - All directors have confirmed compliance with the trading standards during the reporting period[77] - The company has adopted the standard code for securities trading as per the listing rules[77] - The company has maintained the public float as required by the listing rules during the six months ending September 30, 2025[85] Future Outlook - The group plans to adopt a prudent and flexible strategy to navigate the challenging business environment in Hong Kong[68] - The group aims to optimize returns and create sustainable long-term value for shareholders by exploring new business opportunities[68] Other Information - The effective tax rate for Hong Kong profits tax is calculated at 16.5%[24] - The group employed 78 full-time employees as of September 30, 2025, down from 93 as of March 31, 2025[67] - The group has unutilized bank financing of approximately HKD 10,200,000 available for future funding needs[60] - There have been no significant events from September 30, 2025, to the date of this announcement[86] - The audit committee, composed of all independent non-executive directors, has reviewed and approved the unaudited condensed consolidated interim financial information for the six months ending September 30, 2025[87] - The interim results announcement is published on the Stock Exchange website and the company's website, with the annual interim report to be sent to shareholders at an appropriate time[88]

Financial Performance - The company reported a loss attributable to owners of approximately RMB 9,600,000 for the six months ended September 30, 2025, compared to a loss of RMB 9,400,000 for the same period in 2024[3]. - Revenue for the six months ended September 30, 2025, was approximately RMB 1,200,000, while there was no revenue reported for the same period in 2024[4]. - Gross profit for the six months ended September 30, 2025, was approximately RMB 505,000, with a gross margin of 43.7%, compared to zero for the same period in 2024[4]. - Basic loss per share for the six months ended September 30, 2025, was approximately RMB 2.09, compared to RMB 2.04 for the same period in 2024[5]. - The company recognized a total comprehensive loss of RMB 9,621,000 for the six months ended September 30, 2025, compared to RMB 9,393,000 for the same period in 2024[7]. - The total loss for the period ended September 30, 2025, was RMB (9,621) thousand, compared to a loss of RMB (9,393) thousand for the same period in 2024[19]. Assets and Liabilities - Total assets less current liabilities as of September 30, 2025, were RMB 61,911,000, compared to RMB 63,220,000 as of March 31, 2025[8]. - Net assets attributable to owners of the company decreased to RMB 16,228,000 as of September 30, 2025, from RMB 22,746,000 as of March 31, 2025[8]. - The total assets as of September 30, 2025, amounted to RMB 91,480 thousand, a decrease from RMB 97,351 thousand as of March 31, 2025[21]. - The total liabilities as of September 30, 2025, were RMB 75,252 thousand, compared to RMB 74,605 thousand as of March 31, 2025[22]. Cash Flow - For the six months ended September 30, 2025, the net cash used in operating activities was RMB (11,278) thousand, compared to RMB 6,517 thousand for the same period in 2024[13]. - The company reported a net cash decrease of RMB (4,495) thousand for the six months ended September 30, 2025, compared to an increase of RMB 1,602 thousand in the same period of 2024[13]. - The cash and cash equivalents at the end of the period were RMB 2,088 thousand, a slight decrease from RMB 2,119 thousand at the end of the previous period[13]. - As of September 30, 2025, the company's cash and bank balances totaled approximately RMB 2,100,000, down from RMB 6,600,000 as of March 31, 2025[55]. Expenses - The company incurred administrative expenses of RMB 8,342,000 for the six months ended September 30, 2025, compared to RMB 7,598,000 for the same period in 2024[7]. - Financing costs increased to RMB 2,786,000 for the six months ended September 30, 2025, from RMB 1,843,000 for the same period in 2024[7]. - Employee costs, including director remuneration, rose to RMB 4,111,000 for the six months ended September 30, 2025, up from RMB 3,814,000 in 2024, reflecting a 7.8% increase[26]. - Administrative expenses increased by approximately RMB 700,000 or 9.8% to about RMB 8,300,000 for the six months ended September 30, 2025, due to staff expansion and increased travel costs[54]. Revenue Sources - The total revenue from external customers for the renewable energy segment was RMB 1,156 thousand, with no revenue reported in the same period of 2024[18]. - The company reported no revenue from renewable energy product sales for the six months ended September 30, 2025, consistent with the same period in 2024, primarily due to downward pressure on retail prices in the Chinese market[49]. - The company generated approximately RMB 1,160,000 in revenue from its solar power generation system during the six months ended September 30, 2025, compared to no revenue in the same period of 2024[50]. Contracts and Future Prospects - The company has made significant progress in acquiring new contracts and expanding service offerings in the renewable energy sector, laying a solid foundation for future revenue generation[48]. - The company is actively pursuing key contracts to expand its services in the new energy power system integration sector[51]. - The operation and maintenance service contract with Hebei Fengbei is expected to be a significant future revenue source for the company[63]. - The maintenance and repair contract with Aolan Technology will generate a stable annual revenue of no less than HKD 5,000,000 during the initial two-year term, which can be automatically extended for another two years[66]. - The operation and maintenance agreement with Zhangbei Hengfeng New Energy will provide annual service fees of RMB 14,000,000 for a 3-year period starting from January 1, 2026[68]. - The total contract amount for the two EPC contracts with Tingxi Engineering is HKD 6.5 million for the construction of electric vehicle charging facilities in Kwun Tong, Hong Kong[70]. Shareholder Information - The total issued share capital as of September 30, 2025, was RMB 415,000, unchanged from March 31, 2025[44]. - As of September 30, 2025, the company has a total issued share capital of 460,976,684 ordinary shares[95]. - Mr. Huang Bo holds 19.52% of the company's shares, totaling 89,994,999 shares[93]. - Ms. Li Yanyan owns 12.82% of the company's shares, amounting to 59,094,406 shares[95]. - The company has granted stock options totaling 12,676,257 shares, representing approximately 2.75% of the total issued shares, with an exercise price of HKD 0.11 per share[81]. - No stock options were exercised, cancelled, or expired during the reporting period, maintaining a total of 12,676,257 stock options available for issuance[83]. Governance and Compliance - The audit committee reviewed and approved the company's unaudited consolidated performance for the first half of 2025[97]. - The company has complied with all provisions of the corporate governance code as per GEM Listing Rules during the first half of 2025[105]. - The remuneration committee consists of three independent non-executive directors as of September 30, 2025[98]. - The nomination committee is responsible for considering suitable director candidates based on the skills and experience required for the group's development[100]. - There are no controlling shareholders of the company as of September 30, 2025[102]. - The company has adopted a code of conduct for securities trading in compliance with GEM Listing Rules[104]. Strategic Initiatives - The company aims to expand its core business segments, focusing on recurring revenue sources and strategic diversification despite challenges in the global renewable energy sector[85]. - The company is actively pursuing service agreements related to operations and maintenance, which provide a stable and predictable revenue base[86]. - The company plans to seek new rooftop solar projects and acquisition opportunities to increase the share of renewable energy in its power generation mix to 7.5-10% by 2035[87]. - The company is exploring international market opportunities, particularly in Southeast Asia, to diversify its revenue sources and strengthen its global presence[88]. - Strict cost control measures will be implemented to reduce administrative and operational expenses, enhancing profitability amid global economic uncertainties[89]. - The company is committed to supporting regional and global energy transition goals through its projects in China and Hong Kong, as well as expanding international operations[90]. - The board expresses confidence in the company's strategic initiatives, which are expected to drive future growth and create long-term value for shareholders[91].

Financial Performance - The group's revenue for the six months ended September 30, 2025, was approximately RMB 748.16 million, a decrease of about 12.92% compared to the same period last year[2]. - The profit attributable to the owners of the company for the same period was approximately RMB 107.62 million[4]. - The basic earnings per share for the period was RMB 0.030[4]. - The total comprehensive income for the period was approximately RMB 184.94 million, slightly down from RMB 185.68 million in the previous year[4]. - The group reported a gross profit of RMB 343.32 million, down from RMB 378.30 million in the previous year[3]. - The company reported a net profit attributable to owners of RMB 107,620,000 for the six months ended September 30, 2025, up from RMB 85,474,000 in the same period of 2024, representing a growth of 25.9%[23]. - The group's half-year revenue decreased by approximately 12.92% compared to the same period in 2024, with explosive sales dropping by about 43.58% due to a downturn in the coal and coke industry[35]. Assets and Liabilities - Non-current assets increased to RMB 3,620.58 million as of September 30, 2025, compared to RMB 3,298.31 million as of March 31, 2025[6]. - Current liabilities decreased to RMB 1,437.85 million from RMB 1,601.30 million[6]. - The net asset value of the company increased to RMB 2,356.49 million as of September 30, 2025, from RMB 2,175.49 million[7]. - The group's current liabilities were approximately RMB 1,437.85 million as of September 30, 2025, down from RMB 1,601.30 million as of March 31, 2025[37]. - The group's debt-to-asset ratio was 52.13% as of September 30, 2025, a slight decrease from 52.74% as of March 31, 2025[45]. - The company’s depreciation of property, plant, and equipment increased to RMB 53,972,000 from RMB 49,178,000 year-over-year[21]. - Accounts receivable from trade amounted to RMB 296,202,000 as of September 30, 2025, compared to RMB 283,095,000 as of March 31, 2025, reflecting a growth in receivables[25]. Dividends and Shareholder Information - The group did not recommend the distribution of an interim dividend for the period[2]. - The company did not recommend an interim dividend for the current period, consistent with the previous year[22]. - As of September 30, 2025, key executives hold significant shares, with Liu Fali owning 242,415,854 shares (6.81%) and 1,707,147,368 shares (47.97%) through agreements[56]. - The total shareholding of major executives indicates a strong alignment with shareholder interests, with a combined ownership exceeding 51%[57]. - Major shareholder Yao Yang Holdings Limited holds 1,361,516,331 shares, representing 38.26% of the total shares[59]. - Mr. Ma Su Cheng, as a trust beneficiary, also holds 1,361,516,331 shares, equating to 38.26%[60]. - Ms. Ma Xia holds 172,166,037 shares, which is 4.84% of the total shares[60]. - The company did not purchase, sell, or redeem any listed shares during the six months ending September 30, 2025[62]. - As of September 30, 2025, the company had no treasury shares[63]. - There were no significant competitive interests held by directors or major shareholders during the reporting period[64]. Corporate Governance - The company has adopted a rigorous code of conduct for securities trading, ensuring compliance by all directors[66]. - The company has maintained high standards of corporate governance, adhering to the principles of the Corporate Governance Code[67]. - The roles of Chairman and CEO are held by the same individual, Mr. Ma Tian Yi, which the board believes provides strong leadership[68]. - There have been no changes in the information disclosed regarding the independent non-executive director since the last annual report[69]. - The audit committee has been established in accordance with the Listing Rules and consists of three independent non-executive directors[70]. - The interim results announcement and report for the six months ending September 30, 2025, have been reviewed by the audit committee members[71]. - There have been no significant events affecting the group from September 30, 2025, to the date of this announcement[72]. Operational Highlights - The company has been engaged in the manufacturing and sale of explosives and related services, primarily operating in China[8]. - Sales of explosives amounted to RMB 195,450,000, while blasting services generated RMB 101,630,000, indicating a significant increase in blasting services revenue from RMB 59,952,000 in the previous year[12]. - The mining business generated external sales of RMB 461,485,000, contributing to a segment profit of RMB 176,673,000, compared to RMB 351,044,000 and RMB 63,593,000 respectively in the prior year[17]. - The company completed a partial sale of its subsidiary, Tibet Tianren Mining Co., Ltd., selling 5% equity for RMB 45,170,000, reducing its ownership from 54% to 51%[29]. - The company’s deferred tax expenses for the period were RMB 579,000, a significant decrease from RMB 27,502,000 in the prior year[19]. - The increase in property, plant, and equipment during the period was RMB 347,560,000, compared to RMB 257,840,000 as of March 31, 2025[24]. - The group employed 1,448 full-time employees as of September 30, 2025, an increase from 1,111 employees as of March 31, 2025[50]. - The group reported a 28.44% increase in concentrate sales compared to the previous year, driven by rising sales prices of copper and sulfur concentrates[35]. - The group had borrowings of approximately RMB 1,031.93 million as of September 30, 2025, up from RMB 896.54 million as of March 31, 2025[37]. - The group did not engage in any significant investments or acquisitions during the six-month period ending September 30, 2025[41][43]. - The group completed surface drilling of 1,118 meters and underground drilling of 10,635.5 meters for production exploration during the six-month period ending September 30, 2025[52]. - During the six months ended September 30, 2025, exploration, development, and mining expenditures were reported as follows: RMB 5,328.65 thousand for exploration, RMB 3,792.70 thousand for development, and RMB 22,965.72 thousand for mining at the Anhui Jinding project[53]. - The sales volume of civil explosives significantly declined in the first half of the year due to a prolonged downturn in the coal market and tightened safety regulations, leading to reduced demand for civil explosive products[54]. - The Anhui Jinding project showed stable operation with increased revenue attributed to high copper and gold prices, while the construction of the Tajikistan detonator production line is nearing completion[54]. - The comprehensive construction of the Tibet Tianren project has commenced, with production expected to start by the end of 2026, which is anticipated to enhance the company's revenue and operational capabilities[54]. - The management believes that the Inner Mongolia civil explosive market has bottomed out, and sales are expected to recover as coal prices gradually improve[55]. - The company plans to optimize the layout of civil explosive production capacity to enhance profitability and risk resilience[55]. - The deep phase II project at Anhui Jinding is progressing steadily, with ongoing optimization of ore selection processes expected to increase the unit value of ore[55]. - The company aims to strengthen its expansion in Central Asia, focusing on blasting and mining engineering projects to drive growth in civil explosive sales and mineral resource development[55].

Financial Performance - For the six months ended September 30, 2025, the company reported a loss attributable to owners of approximately RMB 9,600,000, compared to a loss of RMB 9,400,000 for the same period in 2024[6]. - The group's revenue for the six months ended September 30, 2025, was approximately RMB 1,200,000, while there was no revenue reported for the same period in 2024[7]. - The gross profit for the six months ended September 30, 2025, was approximately RMB 505,000, with a gross margin of 43.7%, compared to zero for the same period in 2024[7]. - Basic loss per share for the six months ended September 30, 2025, was approximately RMB 2.09, compared to RMB 2.04 for the same period in 2024[8]. - For the six months ended September 30, 2025, the company reported a total loss of RMB 9,621,000, compared to a loss of RMB 9,393,000 for the same period in 2024, indicating a year-over-year increase in losses of approximately 2.4%[16]. - The company reported a pre-tax loss of RMB 9,621,000 for the six months ended September 30, 2025, compared to a loss of RMB 9,393,000 in the same period of 2024[34]. Assets and Liabilities - As of September 30, 2025, total assets less current liabilities amounted to RMB 61,911,000, compared to RMB 63,220,000 as of March 31, 2025[11]. - The company's net assets as of September 30, 2025, were RMB 16,228,000, down from RMB 22,746,000 as of March 31, 2025[11]. - Non-current liabilities increased to RMB 45,683,000 as of September 30, 2025, from RMB 40,474,000 as of March 31, 2025[11]. - Total assets as of September 30, 2025, amounted to RMB 91,480,000, with a breakdown of RMB 54,488,000 in renewable energy assets and RMB 34,802,000 in power systems[24]. - Total liabilities as of September 30, 2025, were RMB 75,252,000, with RMB 6,495,000 attributed to operational segments[24]. - The company’s total liabilities increased, contributing to a cumulative loss of RMB 103,420,000 by September 30, 2025[12]. Cash Flow and Financing - The total cash and cash equivalents at the end of the period were RMB 2,088,000, a decrease of 4,495,000 from the beginning of the period[16]. - The financing activities resulted in a net cash inflow of RMB 6,781,000, significantly higher than the RMB 854,000 recorded in the same period last year[16]. - The company’s operating cash flow for the period was a net outflow of RMB 11,278,000, contrasting with a net inflow of RMB 6,517,000 in the previous year[16]. - Financing costs for the six months ended September 30, 2025, were RMB 2,786,000, an increase from RMB 1,843,000 for the same period in 2024[10]. - The company recognized a shareholder loan contribution of RMB 3,103,000 during the reporting period, which was accounted for as equity[14]. Administrative and Employee Costs - The company reported administrative expenses of RMB 8,342,000 for the six months ended September 30, 2025, compared to RMB 7,598,000 for the same period in 2024[10]. - Employee costs, including director remuneration, rose to RMB 4,111,000 for the six months ended September 30, 2025, compared to RMB 3,814,000 in 2024[29]. - Administrative expenses increased by approximately RMB 700,000 or 9.8% to about RMB 8,300,000 for the six months ended September 30, 2025, due to staff expansion and increased travel costs[57]. Revenue Generation and Contracts - The company generated revenue of RMB 1,156,000 from the sale of electricity in the renewable energy sector, marking the first revenue recorded in this category[21]. - The company signed a three-year operation and maintenance service contract with Hebei Rongbei New Energy Co., Ltd., with an annual service fee of RMB 6,400,000[55]. - The company also entered into a two-year maintenance service agreement with Aolan Technology Co., Ltd., with a minimum annual service fee of HKD 5,000,000[55]. - An operation and maintenance service agreement with Zhangbei Hengfeng New Energy Co., Ltd. was signed, with an annual service fee of RMB 14,000,000 for three years starting January 1, 2026[71]. - The group signed two EPC contracts with a total contract value of HKD 6.5 million for the construction of electric vehicle charging facilities in Hong Kong[73]. Corporate Governance and Shareholder Information - Major shareholders include Ms. Li Yanyan with 12.82% and Mr. Hou Xiaobing with 5.69% of the issued share capital as of September 30, 2025[98]. - The group has established an audit committee that meets at least four times a year to review audit matters, accounting policies, and compliance with regulations[99]. - The group has a remuneration committee that oversees compensation policies and practices, ensuring compliance with corporate governance codes[101]. - The Nomination Committee was established on March 28, 2012, and consists of three independent non-executive directors as of September 30, 2025[103]. - As of September 30, 2025, there are no controlling shareholders of the company[105]. Strategic Initiatives and Future Outlook - The company aims to prioritize the development and expansion of its core business segments, focusing on recurring revenue sources and strategic diversification[88]. - Despite challenges in the global renewable energy sector, the company continues to pursue strategic positioning to seize emerging opportunities[88]. - The group aims to expand its renewable energy system integration services by actively pursuing more service agreements, which provide a stable and predictable revenue base[89]. - The group plans to increase the share of renewable energy in its power generation fuel mix to 7.5-10% by 2035, in line with the Hong Kong Climate Action Blueprint 2050, and will seek new rooftop solar projects and acquisition opportunities[90]. - The group is exploring international market opportunities, particularly in Southeast Asia, where there is strong demand for renewable energy and favorable policy environments[91]. - The group will implement strict cost control measures to reduce administrative and operational expenses, thereby enhancing profitability amid global economic uncertainties[92]. - The group is committed to supporting regional and global energy transition goals through its projects in China and Hong Kong, as well as its expanding international business[93]. - The board is confident that the group's strategic initiatives, combined with a flexible business model and favorable energy policies, will drive future growth and create long-term value for shareholders[94].

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 565,340,000, a decrease of 8.9% from HKD 620,583,000 in the same period of 2024[3]. - Gross profit for the same period was HKD 18,047,000, down 42.3% from HKD 31,264,000 year-on-year[3]. - The company recorded a pre-tax profit of HKD 5,626,000, a significant decline of 75.5% compared to HKD 23,025,000 in the previous year[3]. - Net profit for the period was HKD 4,831,000, a decrease of 75.7% from HKD 19,904,000 in the prior year[3]. - Basic earnings per share were HKD 0.12, down from HKD 0.56 in the same period last year, representing a decline of 78.6%[3]. - The group’s attributable profit to owners was approximately HKD 3.4 million, a significant decrease of 79.6% from HKD 16.7 million in the same period last year[30]. - The group’s gross profit decreased by 42.5% to approximately HKD 18.0 million, with a gross profit margin of about 3.2%, down from 5.0% in the previous year[24]. Revenue Breakdown - Revenue from building construction services was HKD 276,500,000, an increase of 30.1% from HKD 212,544,000 in the previous year[9]. - Revenue from RMAA services was HKD 288,840,000, a decrease of 29.2% from HKD 408,039,000 in the same period last year[9]. Assets and Liabilities - Total assets as of September 30, 2025, were HKD 393,950,000, a decrease from HKD 425,254,000 as of March 31, 2025[4]. - Trade receivables as of September 30, 2025, amounted to HKD 50,853,000, a decrease of 50.8% from HKD 103,156,000 as of March 31, 2025[14]. - Total trade and other payables as of September 30, 2025, were HKD 77,897,000, down 30.8% from HKD 112,554,000 as of March 31, 2025[17]. - The company's contract assets, which include retention receivables and unbilled revenue, totaled HKD 101,709,000 as of September 30, 2025, down from HKD 128,270,000 as of March 31, 2025[10]. Cash Flow and Equity - The company's cash and bank deposits increased to HKD 195,038,000 from HKD 134,778,000, reflecting a growth of 44.5%[4]. - The company reported a total equity of HKD 303,859,000, up from HKD 299,028,000 at the end of the previous reporting period[5]. - The group maintained a strong current ratio of approximately 4.2 times, with current assets of about HKD 394.0 million as of September 30, 2025[32]. - The group’s debt-to-equity ratio decreased to approximately 0.5% from 0.6% as of March 31, 2025, due to a greater percentage decline in lease liabilities compared to the increase in profit[34]. Expenses and Costs - Administrative expenses were approximately HKD 12.0 million, a reduction of 22.6% compared to HKD 15.5 million in the first half of 2024[26]. - The financing costs increased to approximately HKD 31,000 from HKD 7,000 in the previous year, primarily due to increased interest expenses from renewed office lease agreements[28]. - Other income and losses were approximately HKD 2.4 million, down from HKD 4.1 million in the previous year, mainly due to a decline in the fair value increase of financial assets[25]. Dividends and Shareholder Information - The company did not declare or recommend any interim dividends for the six months ended September 30, 2025, consistent with the previous year[12][19]. - The group did not propose any interim dividend for the first half of 2025, consistent with the previous year[31]. - The weighted average number of ordinary shares for calculating basic earnings per share was 2,976,000,000 for the six months ended September 30, 2025, unchanged from the previous period[13]. Corporate Governance and Changes - The company has adhered to the corporate governance code, with a noted deviation regarding the roles of the chairman and CEO being held by the same individual[47][48]. - The company's interim financial statements for the six months ending September 30, 2025, were reviewed by the audit committee and formally approved by the board[50]. - The company changed its name from "GAIN PLUS HOLDINGS LIMITED" to "HONG KONG ZCLOUD TECHNOLOGY CONSTRUCTION LIMITED" effective May 15, 2025[44]. - The company approved a share split, converting each existing share of HKD 0.01 into eight shares of HKD 0.00125, effective August 19, 2025, resulting in a total share capital of HKD 7,800,000[45]. Market Conditions - The construction industry in Hong Kong continues to face challenges due to global economic uncertainty and a sluggish residential market, impacting new development projects[46]. - Despite ongoing demand for property maintenance and renovation services, the company faces significant competition in securing contracts[46]. - The company will maintain a cautious approach in deploying surplus funds to explore viable business opportunities for long-term shareholder value[46]. Other Information - The company has no pledged assets as of September 30, 2025, similar to the situation on March 31, 2025[43]. - As of September 30, 2025, the company reported no significant contingent liabilities, consistent with the previous period[41]. - There were no purchases, sales, or redemptions of the company's listed securities during the six-month period ending September 30, 2025[51].

Revenue and Financial Performance - K. H. Group Holdings Limited recorded a revenue of approximately HK$28,320,000 for the six months ended 30 September 2025, a 39.8 times increase from approximately HK$694,000 during the same period in 2024[24]. - The primary revenue during the Period was generated from construction services and Chemical Business in Mainland China amounting to HK$28,320,000, a significant increase from HK$694,000 in the Comparative Period[25]. - Revenue from the Changzhou Yonghong Group's NMP solution business was approximately HK$9,242,000 during the Period[21]. - For the six months ended September 30, 2025, the revenue from the provision of foundation and construction services was HK$19,078,000, while the revenue from the production and sales of chemical products was HK$9,242,000, compared to HK$694,000 in the same period of 2024[143]. - The Group recorded a net profit of approximately HK$152,133,000 during the Period, compared to a net loss of approximately HK$44,825,000 in the Comparative Period, mainly attributable to the gain from the deconsolidation of subsidiary KHF[33]. - The Group achieved a total comprehensive income of approximately HK$153,622,000 during the Period, a turnaround from a total comprehensive loss of HK$44,388,000 in the Comparative Period[34]. - The profit before tax for the six months ended September 30, 2025, was HK$152,173,000, compared to a loss of HK$44,825,000 in the same period of 2024[140]. - The Group reported a total comprehensive income of HK$153,622,000 for the six months ended 30 September 2025, a significant recovery from a loss of HK$44,388,000 in the previous period[107]. Operational Changes and Business Focus - The Group's focus has shifted entirely to the construction services and chemical business in Mainland China following the winding-up of K. H. Foundations Limited[15][17]. - The foundation business in Hong Kong ceased operations on 22 July 2025, leading to no revenue from foundation projects during the Period[15][18]. - The Group established strategic cooperative relationships with multiple important customers in the hazardous waste neutralization and recycling sectors during the Period[21]. - The Group completed the acquisition of 100% equity interests of Changzhou Yonghong Group, which has an annual capacity of 60,000 tons for NMP recycling, marking a significant step in expanding its business scope into the new chemical materials sector[39]. - The Group has ceased all foundation and construction service activities in Hong Kong, classifying this segment as discontinued operations[130]. Expenses and Profitability - Overall gross profit increased 17.4 times from approximately HK$94,000 during the Comparative Period to approximately HK$1,730,000 during the Period, while the gross profit margin decreased from approximately 13.5% to approximately 6.1%[26]. - Administrative and other operating expenses rose by 161.3% from approximately HK$3,313,000 to approximately HK$8,657,000, primarily due to the addition of the Chemical Business[27]. - The loss from operations increased to HK$5,471,000 from HK$3,219,000 year-over-year, reflecting a deterioration of 70%[100]. - The total costs of inventory recognized increased to HK$7,070,000 for the six months ended 30 September 2025, from HK$600,000 in the same period of 2024[155]. - The gross loss for the period was HK$0, compared to a gross loss of HK$11,008,000 in the previous year, reflecting a significant improvement[199]. Cash Flow and Financial Position - As of September 30, 2025, the total debts of the Group were approximately HK$50,528,000, a decrease from HK$54,061,000 as of 31 March 2025[43]. - The Group's cash and bank balances amounted to HK$2,608,000, a decrease from approximately HK$48,481,000 as of March 31, 2025[52]. - The net cash from operating activities for the six months ended 30 September 2025 is HK$27,532,000, compared to a cash outflow of HK$12,463,000 for the same period in 2024[108]. - Cash and cash equivalents at the end of the period decreased to HK$2,608,000 from HK$71,738,000 at the end of the previous period[108]. - The Group's net current liabilities amounted to approximately HK$46,739,000 as of 30 September 2025, indicating material uncertainty regarding its ability to continue as a going concern[116]. Shareholder Information and Governance - The Group's interim report will be available on the Hong Kong Stock Exchange and the company's website for shareholders[3]. - The Board does not recommend the payment of an interim dividend to shareholders for the period[73]. - The Company did not declare an interim dividend for the period[77]. - The Company has adopted the Model Code for Securities Transactions by Directors, with all Directors confirming compliance throughout the period[81]. - The Audit Committee, comprising three Independent Non-executive Directors, reviewed the condensed consolidated interim financial information for the period[94]. Employee and Management Information - The total staff costs incurred by the Group during the period were approximately HK$6,294,000, a decrease from approximately HK$20,874,000 in the comparative period[70]. - The Group had 58 employees as of September 30, 2025, down from 63 employees as of March 31, 2025[70]. - Total compensation paid to key management personnel for the six months ended 30 September 2025 was HK$518,000, a decrease from HK$896,000 for the same period in 2024[193]. Discontinued Operations - The company ceased to have control over its wholly-owned subsidiary KHF on 22 July 2025, which has been classified as a discontinued operation[195]. - For the six months ended 30 September 2025, KHF reported a revenue of HK$0, compared to HK$74,374,000 for the same period in 2024, indicating a decline of 100%[199]. - The loss before tax from discontinued operations was HK$4,653,000, a substantial decrease from HK$41,568,000 in the prior year, representing an improvement of about 88.8%[199]. - A gain on deconsolidation of KHF was recognized amounting to HK$162,297,000, contributing positively to the profit for the period[199]. - The profit for the period from discontinued operations was HK$157,644,000, compared to a loss of HK$41,568,000 in the previous year, marking a turnaround[199].

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 會 就因本公佈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。 MODERN HEALTHCARE TECHNOLOGY HOLDINGS LIMITED （現 代 健 康 科 技 控 股 有 限 公 司） （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股 份 代 號：919） 截至二零二五年九月三十日止六個月 中期業績公佈 截 至 二 零 二 五 年 九 月 三 十 日 止 六 個 月－未 經 審 核 | | | 截至九月三十日止六個月 | | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | 附 註 | 千港元 | 千港元 | | 收 益 | 5 | 222,674 | 224,248 | | 其他收入 | 6 | 5,590 | 6,621 | | 銷售成本 | | (7,470) | (9,536) | | 廣告費 | ...

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。 KPa-BM Holdings Limited 應力控股有限公司 * （ 於開曼群島註冊成立之有限公司 ） （股份代號：2663） 截至二零二五年九月三十日止六個月之 中期業績公佈 未經審核簡明綜合中期財務資料 簡明綜合全面收益表 截至二零二五年九月三十日止六個月 | | | 截至九月三十日止六個月 | | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | 附註 | （未經審核） | （未經審核） | | | | 千港元 | 千港元 | | 收益 | 3 | 217,711 | 387,480 | | 收益成本 | | (181,836) | (330,290) | | 毛利 | | 35,875 | 57,190 | | 其他收入及收益 | | 5,068 | 3,488 | | 營銷及分銷開支 | | (2,955) | (1,085) | | 行 ...

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 112,626,000, a decrease of 7.7% compared to HKD 121,928,000 for the same period in 2024[3] - Operating profit for the same period was HKD 77,131,000, down 12% from HKD 87,565,000 in 2024[4] - The company recorded a loss before tax of HKD 23,296,000, significantly improved from a loss of HKD 80,796,000 in the previous year[4] - The net loss attributable to shareholders was HKD 28,970,000, compared to a loss of HKD 85,847,000 in the prior year, indicating a reduction in losses[4] - The pre-tax loss for the six months ended September 30, 2025, was HKD 28,970,000, compared to a loss of HKD 85,847,000 in 2024, indicating an improvement in financial performance[22] - The company reported a total tax expense of HKD 2,392,000 for the six months ended September 30, 2025, slightly down from HKD 2,605,000 in 2024[19] - The group recorded a net loss of HKD 25.7 million for the six-month period, an improvement from a loss of HKD 83.4 million in the same period last year[29] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 10,860,738,000, slightly down from HKD 10,871,083,000 as of March 31, 2025[6] - Total liabilities decreased to HKD 2,414,658,000 from HKD 2,434,883,000, reflecting a reduction in financial obligations[7] - The group's total assets as of September 30, 2025, amounted to HKD 10,860,738,000, slightly down from HKD 10,871,083,000 as of March 31, 2025[13] - The total liabilities decreased to HKD 2,414,658,000 from HKD 2,434,883,000, indicating a reduction of 0.8%[13] - The group's non-current assets in Hong Kong were valued at HKD 9,519,527,000, a slight decrease from HKD 9,556,646,000[17] - Overseas non-current assets increased to HKD 651,175,000 from HKD 632,372,000, reflecting a growth of 2.5%[17] - Total bank borrowings amounted to HKD 2,257,000,000 as of September 30, 2025, down from HKD 2,281,000,000 as of March 31, 2025[43] - The total debt to total assets ratio was 20.8% as of September 30, 2025, slightly down from 21.0% as of March 31, 2025[43] Revenue Breakdown - Revenue from the property and hotel segment was HKD 100,636,000, a decrease of 6.5% from HKD 107,640,000 in the previous year[12] - The investment and other segment reported revenue of HKD 11,990,000, down 16.1% from HKD 14,288,000[12] - Revenue from property management services for the six months ended September 30, 2025, was HKD 19,506,000, compared to HKD 19,331,000 for the same period in 2024, reflecting a slight increase of 0.9%[18] - Rental income from property leasing decreased to HKD 81,130,000 in 2025 from HKD 88,309,000 in 2024, representing a decline of 8.8%[18] - Total revenue from customer contracts was HKD 112,626,000 for the six months ended September 30, 2025, down from HKD 121,928,000 in 2024, a decrease of 7.6%[18] - The group's revenue for the six-month period ending September 30, 2025, was HKD 112.6 million, a decrease of 7.6% compared to HKD 121.9 million in the same period last year[29] - The rental income from the group's investment properties decreased, contributing to the overall revenue decline[29] Cost Management - The company reported a decrease in employee costs to HKD 8,817,000 from HKD 8,588,000, reflecting cost management efforts[3] - Financial expenses decreased to HKD 47,475,000 in 2025 from HKD 60,911,000 in 2024, a reduction of 22.0%[18] - The financial expenses decreased to HKD 47.5 million from HKD 60.9 million in the previous year[29] Market Conditions - The Hong Kong market showed signs of recovery, particularly in the residential sector, contributing to improved market confidence[25] - The company noted a significant resurgence in the IPO market, with nearly 300 active IPO applications being processed in Hong Kong[26] - For the first nine months of 2025, inbound tourist numbers in Hong Kong increased by approximately 12% year-on-year, with non-Mainland visitors showing a particularly strong growth of 16%[27] - The outlook for the Hong Kong market shows signs of gradual improvement, with the residential market appearing to have bottomed out[39] - The tourism industry in Thailand is expected to stabilize in the fourth quarter, entering the traditional peak season, with improved performance anticipated following the completion of repairs at the Bangkok property[40] Corporate Governance - The company did not declare any interim dividend for the period ended September 30, 2025, consistent with the previous year[21] - The board does not recommend any interim dividend for the six months ended September 30, 2025[48] - The company has adhered to all corporate governance codes as of September 30, 2025, to safeguard shareholder interests[50] - The audit committee, consisting of four independent non-executive directors, has reviewed and recommended the approval of the unaudited consolidated interim financial statements for the six months ended September 30, 2025[51] - The interim report for the six months ended September 30, 2025, will be sent to shareholders by December 31, 2025, or earlier[52] Employee Information - The number of salaried employees as of September 30, 2025, remains at 18, ensuring competitive compensation based on performance[47] Shareholder Information - There were no purchases, sales, or redemptions of the company's shares by the company or its subsidiaries for the six months ended September 30, 2025[49]

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。 EASYKNIT INTERNATIONAL HOLDINGS LIMITED 永義國際集團有限公司 （於百慕達註冊成立之有限公司） （股份代號：1218） 截 至2025年9月30日止六個月 之中期業績公佈 財務摘要 | | 截 | 至9月30日止六個月 | | | --- | --- | --- | --- | | | 2025年 | 2024年 | 變 動 | | | （未經審核） | （未經審核） | | | 持續經營業務 | | | | | （千港元） 營業額 | 79,199 | 229,885 | (65.5%) | | （千港元） 毛 利 | 1,188 | 5,888 | (79.8%) | | 毛利率 | 1.5% | 2.6% | (1.1%) | | 本 公 司 擁 有 人 應 佔（虧 損）溢 利 | | | | | （千港元） | (109,293) | 24,334 | 不適 ...