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。 ZXZN Qi-House Holdings Limited 中顯智能齊家控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8395） 截至2025年9月30日止六個月的 中期業績公告 中顯智能齊家控股有限公司（「本公司」）董事會（「董事會」）欣然宣佈本公司及 其附屬公司（「本集團」）截至2025年9月30日止六個月的未經審核綜合業績（「中 期業績」）。本公告載有本集團截至2025年9月30日止六個月的中期報告全文， 其內容乃按照香港聯合交易所有限公司（「香港聯交所」）GEM證券上市規則的 相關披露規定編製。中期業績已經由董事會及董事會轄下的審核委員會審閱。 本業績公告於本公司網站 https://qihouseholdings.com 及香港聯交所網站 www.hkexnews.hk 登載。本公司將於適當時候向其股東寄發並於上述網站登載 本公司截至2025年9月30日止六個月的中期報告，以供 ...

Financial Performance - The Group's unaudited consolidated loss attributable to shareholders for the six months ended 30 September 2025 was approximately HK$27,134,000, a significant decrease from a loss of approximately HK$243,368,000 in the corresponding period of 2024, representing a reduction of about 88.8%[3]. - The unaudited consolidated loss from continuing operations for the Period was approximately HK$26,952,000, compared to a loss of approximately HK$237,712,000 in the 2024 Period, indicating a decrease of about 88.6%[3]. - The basic and diluted loss per share for the Period was approximately HK$0.03, a significant improvement compared to approximately HK$0.77 and HK$0.75 in the 2024 Period[4]. - Loss before taxation decreased to HK$27,510,000 from HK$244,297,000, indicating a substantial improvement in financial performance[131]. - The loss for the period from continuing operations was HK$26,952,000, compared to HK$237,712,000 in the previous year, marking a reduction of 88.6%[131]. - Total comprehensive expense attributable to owners of the Company for the period was HK$28,047,000, down from HK$236,745,000, a decrease of 88.2%[133]. Revenue and Income - Revenue for the six months ended September 30, 2025, was HK$31,138,000, a significant increase from HK$16,747,000 in the same period of 2024, representing an increase of 86.1%[131]. - The total rental income from continuing operations increased by approximately 15.9% to approximately HK$18,360,000 for the Period, up from approximately HK$15,835,000 in the 2024 Period[18]. - The Group recorded property rental income of approximately HK$18,360,000 for the period, representing an increase of about 15.9% compared to HK$15,835,000 in the previous period, primarily due to rental income from the Mody Road project[23]. - The Group's property rental income in Hong Kong for the Period was approximately HK$18,360,000, primarily driven by the Project Matheson Street[21]. Assets and Liabilities - As of September 30, 2025, the Group's total assets amounted to approximately HK$4,888,190,000, an increase from approximately HK$4,842,030,000 as of March 31, 2025[50]. - The Group's net assets as of September 30, 2025, were HK$2,786,738,000, down from HK$2,814,785,000 as of March 31, 2025[136]. - The Group's total bank borrowings were approximately HK$1,941,188,000 as of September 30, 2025, compared to approximately HK$1,892,260,000 as of March 31, 2025[51]. - The secured bank borrowings increased to HK$1,626,841,000 as of September 30, 2025, compared to HK$1,575,285,000 as of March 31, 2025[136]. - The outstanding principal amount of loans receivable as of September 30, 2025, was approximately HK$23,481,000, down from approximately HK$29,578,000 as of March 31, 2025[34]. Investments and Securities - The Group achieved a fair value gain in securities and other investments from continuing operations of approximately HK$9,368,000, compared to a loss of approximately HK$23,180,000 in the previous period[25]. - As of September 30, 2025, the Group's investment in equity securities listed in Hong Kong amounted to approximately HK$31,620,000, down from approximately HK$41,531,000 as of March 31, 2025[26]. - The Group's securities investment portfolio comprised seven equity securities as of September 30, 2025, down from eight as of March 31, 2025[26]. - The Group received dividend income from listed securities investments of approximately HK$41,000 during the period, compared to approximately HK$37,000 in the previous period[25]. Development Projects - The Group has ongoing property development projects, including "THE HEDON" and "One Two One," with occupation permits obtained in February 2024 and May 2024, respectively[10][11]. - The Group is considering a change of development plan for the Fung Wah Factorial Building site due to current market conditions[17]. Loans and Financing - Interest income from loan financing business decreased by approximately 19.5% to HK$549,000 from HK$682,000 in the previous period[33]. - The Group recognized an impairment allowance of approximately HK$297,000 in its loan financing business from continuing operations, a decrease from HK$616,000 in the previous period[34]. - Approximately 67% of the loans receivable were secured by properties with estimated fair values of HK$16,865,000 as of September 30, 2025[40]. - The allowance for loans receivable increased to approximately HK$1,319,000 as of September 30, 2025, up from approximately HK$1,022,000 as of March 31, 2025[41]. Corporate Governance and Risk Management - The Board has reviewed the effectiveness of the Group's risk management and internal control systems, finding them effective and adequate, with no major issues identified[110]. - The Company has fully complied with the Corporate Governance Code, ensuring diligence, accountability, and professionalism[106]. - The Group does not have an internal audit function but maintains sufficient risk management and internal control through its existing structure[110]. - The Company has adopted the Model Code for Securities Transactions by Directors, with all Directors confirming compliance throughout the period[111]. Employee and Operational Costs - As of September 30, 2025, the Group had 36 employees, with staff costs amounting to approximately HK$12,604,000, a decrease from HK$13,653,000 in the previous period[97]. - Total staff costs for the six months ended 30 September 2025 were HK$12,604,000, down from HK$13,653,000 in 2024, reflecting a decrease of approximately 7.7%[166]. Share Capital and Dividends - No interim dividend was recommended for the Period, consistent with the 2024 Period[7]. - The group issued 676,296,232 rights shares at a subscription price of HK$0.092 per share, raising HK$62,219,000 before expenses for repayment of bank loans and general working capital[196]. - The group’s issued and fully paid share capital increased to HK$10,144,000 as of September 30, 2025, from HK$6,763,000 as of March 31, 2025, reflecting a growth of 49.5%[195]. Market Outlook - The Group remains prudently optimistic about the prospects of the property and securities markets in Hong Kong despite global economic uncertainties[100]. - The Company will continue to seek appropriate investment and divestment opportunities to enhance its property portfolio and ensure long-term benefits[101].

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，且表明不會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。 INTERNATIONAL BUSINESS SETTLEMENT HOLDINGS LIMITED 國際商業結算控股有限公 司 （於百慕達註冊成立之有限公司） （股份代號：00147） 截至二零二五年九月三十日止六個月之中期業績公佈 國際商業結算控股有限公司（「本公司」）董事（「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（「期內」或「報告期間」）之未經審 核簡明綜合業績連同比較數字如下： 簡明綜合損益及其他全面收益表 | | | 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 | | | | （未經審核） | （未經審核） | | 收入 | 3 | 38,396 | 106,862 | | 銷售及服務成本 | | (35,331) ...

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 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。 ENERGY INTERNATIONAL INVESTMENTS HOLDINGS LIMITED 能源國際投資控股有限公司 * （於開曼群島註冊成立之有限公司） （股份代號：353） 中期業績 截至二零二五年九月三十日止六個月 能 源 國 際 投 資 控 股 有 限 公 司（「本公司」）董 事（「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（「本 期 間」）之 未 經 審 核 簡 明 綜 合 中 期 業 績。未 經 審 核 簡 明 綜 合 中 期 業 績 未 經 本 公 司 核 數 師 審 核 或 審 閱，惟 已 由 本 公 司 之 審 核 委 員 會（「審核委員會」）審 ...

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，並明確表示概不就因本公佈全部或任何 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。 （於開曼群島註冊成立的有限公司） （股份代號：1500） 截至二零二五年九月三十日止六個月的 未經審核中期業績公佈 中期業績 現恆建築控股有限公司（「本公司」）董事會（「董事會」）欣然提呈本公司及其附屬公 司（統稱「本集團」）截至二零二五年九月三十日止六個月的未經審核綜合中期業績， 連同截至二零二四年同期的比較數字如下： 1 綜合損益及其他全面收益表 截至二零二五年九月三十日止六個月 （以港元列示） | | | 截至九月三十日止六個月 | | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | 附註 | 千元 | 千元 | | 收益 | 3 | 177,250 | 138,092 | | 直接成本 | | (142,658) | (147,469) | | 毛利╱（毛損） | | 34,592 | (9,377) | | 其他收益 | 4 | 1,712 ...

截 至 二 零 二 五 年 九 月 三 十 日 止 六 個 月，本 集 團 的 收 益 總 額 約 為67,359,000港 元，與 截 至 二 零 二 四 年 九 月 三 十 日 止 六 個 月 的 收 益 總 額 約54,164,000港元相 比，增 加 約24.4%。 截 至 二 零 二 五 年 九 月 三 十 日 止 六 個 月，本 集 團 的 毛 利 約 為14,938,000港 元， 與截至二零二四年九月三十日止六個月的毛利約11,482,000港 元 相 比，增 加 約30.1%。截 至 二 零 二 五 年 九 月 三 十 日 止 六 個 月 的 整 體 毛 利 率 約 為22.2%，相 較於截至二零二四年九月三十日止六個月的21.2%毛 利 率 略 有 上 升。 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。 Artini Holdings Limited 雅天妮集團有限公司 （ ...

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。 ELEGANCE OPTICAL INTERNATIONAL HOLDINGS LIMITED 高 雅 光 學 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：907） 截至二零二五年九月三十日止六個月之 中期業績 中期業績 高雅光學國際集團有限公司（「本公司」）董事會（「董事會」或「董事」）謹此公佈本公司及其 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（「本期間」）之未經審核中 期簡明綜合業績，連同二零二四年同期之比較數字載列如下： 未經審核中期簡明綜合損益表 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 | | | （未經審核） | | （未經審核） | | | 附註 | 千港元 | 千港元 | | 收益 | ...

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 253,113,000, a slight increase from HKD 252,777,000 in the same period of 2024, representing a growth of 0.13%[3] - The cost of sales increased to HKD 237,618,000 from HKD 211,988,000, resulting in a gross profit of HKD 15,495,000, down 62% from HKD 40,789,000 year-on-year[3] - The company recorded a loss before tax of HKD 72,634,000, compared to a loss of HKD 55,568,000 in the previous year, indicating a deterioration of 30.7%[3] - The 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, reflecting an increase of 16.8%[4] - The basic and diluted loss per share for the period was HKD 1.00, compared to HKD 0.81 in the previous year, indicating a decline of 23.5%[4] - The company reported a pre-tax loss of HKD 70,809,000 for the six months ended September 30, 2025, compared to a loss of HKD 52,895,000 for the same period in 2024[24] - The company incurred a net loss of approximately HKD 72.8 million, an increase of 27.6% compared to the previous period's loss of approximately HKD 57 million[61] - Total gross profit for the period was approximately HKD 15.5 million, a decrease of 62% from approximately HKD 40.8 million in the previous period, resulting in a gross margin of 6.1%, down from 16.1%[53] 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%[5] - Current assets rose to HKD 557,589,000 from HKD 528,445,000, marking an increase of 5.5%[5] - The company's total liabilities increased to HKD 1,448,109,000 from HKD 1,465,006,000, a decrease of 1.1%[6] - The net asset value improved to HKD 324,300,000 from HKD 238,393,000, representing a significant increase of 36%[6] - The total liabilities from bank borrowings were HKD 239,122,000 as of September 30, 2025, compared to HKD 214,706,000 as of March 31, 2025, showing an increase of 11.4%[31] - The company reported a total of HKD 1,021,863,000 in other payables and accrued expenses as of September 30, 2025, slightly down from HKD 1,060,462,000 as of March 31, 2025[30] - The company has a loan from a shareholder amounting to HKD 376,961,000 as of September 30, 2025, down from HKD 432,722,000 as of March 31, 2025, indicating a decrease of 12.9%[30] - The total amount of contract liabilities increased to HKD 46,212,000 as of September 30, 2025, compared to HKD 20,508,000 as of March 31, 2025, reflecting a significant increase of 125.5%[30] Revenue Streams - Sales and distribution of natural gas generated HKD 208,922,000, up 7.3% from HKD 194,554,000 in the previous year[17] - The company recorded retail sales of natural gas at 8,244 tons, a decrease from 11,426 tons in the previous year, with revenue from point-to-point LNG supply at approximately 52,452,000 HKD, accounting for 20.7% of total revenue during the reporting period[40] - The company recorded a total natural gas trade sales volume of 43,847 tons, a significant increase from 28,632 tons in the previous year, with wholesale LNG and pipeline gas trade revenue amounting to approximately HKD 156,470,000, contributing 61.8% to total revenue[41] - The pipeline gas trade accounted for 95% of total natural gas trade volume, with sales of 41,665 tons and revenue of approximately HKD 146,456,000, up from HKD 100,652,000 in the previous year[41] - The company's logistics business generated revenue of approximately HKD 17,513,000, down from HKD 24,864,000 in the previous year, contributing 6.9% to total revenue[42] - The renewable energy business recorded revenue of approximately HKD 25,733,000, a decrease from HKD 32,337,000 in the previous year, accounting for 10.2% of total revenue[46] - The development and application of integrated renewable energy solutions generated revenue of approximately HKD 17,978,000, significantly up from HKD 9,398,000 in the previous year[47] Operational Strategies - The company continues to focus on developing new energy technology products and integrated solutions, leveraging proprietary patents and advanced energy utilization technologies[8] - The company is actively developing zero-carbon energy systems centered on biomass and natural gas, in line with national policies promoting high-quality development and carbon neutrality[37] - The company aims to enhance operational efficiency and energy structure optimization in response to national policies, focusing on AI smart systems and zero-carbon projects[38] - The company’s natural gas segment leverages urban gas supply networks to serve residential and commercial users, enhancing resource allocation and market responsiveness[37] - The company’s new energy segment is focused on smart heating projects in northern regions, providing zero-carbon steam supply services to industrial parks[37] - The company aims to drive dual-engine growth in natural gas and renewable energy businesses, focusing on market expansion and innovative business models[50] - The company plans to integrate AI technology into clean energy system operations and develop zero-carbon energy solutions centered around biomass energy[51] Investments and Projects - The company is investing approximately RMB 590 million in the Zhanjiang Energy Supply and Distribution Project, which is expected to be completed in the second half of 2026[75] - The company has secured a 20-year franchise for the Dongguan Songshan Lake Energy Station project, with an investment of RMB 107 million planned for the construction of an integrated energy system[77] - The company plans to invest up to RMB 417 million in the Xi'an Weiyang District Clean Energy Project, which includes the construction of a 182.2MW energy station and a 5 million square meter wastewater source system[79] - The company is in the process of establishing a joint venture for the China Port Energy Headquarters Production Base and R&D Center, with an investment of approximately RMB 36 million, expected to be completed in the second half of 2026[78] Governance and Compliance - The company has adopted the corporate governance code as per the Listing Rules Appendix C1, ensuring compliance during the reporting period[85] - All directors confirmed full compliance with the standard code for securities trading as of September 30, 2025[86] - The Audit Committee, consisting of three independent non-executive directors, provides independent insights on financial controls and risk management systems[87] - The board of directors includes three executive directors and three independent non-executive directors, ensuring a diverse governance structure[90] Market Conditions and Risks - The International Monetary Fund (IMF) revised the global economic growth forecast for 2025 to 3.2%, down from 3.3% at the beginning of the year, indicating a slowdown in growth momentum[34] - The company faces foreign exchange risks due to its operations in China and the reporting currency being in HKD, with potential negative impacts on reported revenue if the HKD appreciates against the RMB[69] - The company has established stable relationships with major gas suppliers to mitigate risks related to gas supply shortages and price volatility, aiming to control procurement costs[70] Employee and Operational Metrics - As of September 30, 2025, the total number of employees decreased to 445 from 518, with employee costs amounting to approximately HKD 30.6 million, reflecting cost-cutting measures[72] - The company has no significant investments, acquisitions, or disposals of subsidiaries during the reporting period[74] - The company has no significant contingent liabilities as of September 30, 2025[66] - The company has no major post-reporting period events as of the report date[73]

Financial Performance - For the six months ended September 30, 2025, the Group reported revenue of HKD 22,430,000, a decrease of 2.06% compared to HKD 22,902,000 for the same period in 2024[6] - The Group's other income for the same period was HKD 574,000, down 58.8% from HKD 1,391,000 in 2024[6] - The loss before tax for the six months ended September 30, 2025, was HKD 7,456,000, compared to a loss of HKD 1,620,000 in 2024, representing a significant increase in losses[6] - The total comprehensive loss for the period was HKD 7,334,000, compared to HKD 1,722,000 in the previous year, indicating a worsening financial position[9] - Basic and diluted loss per share for the period was HKD 5.25, compared to HKD 2.43 in 2024, reflecting a higher loss per share[9] - The company reported a total comprehensive loss of HKD 12,942,000 for the period, compared to a loss of HKD 12,875,000 in the previous year[12] - The group reported a loss attributable to owners of the company of HKD 7,631,000 for the six months ended September 30, 2025, compared to a loss of HKD 3,232,000 for the same period in 2024[24] - The group recorded a net loss of approximately HKD 7.5 million for the six months ended September 30, 2025, compared to a net loss of approximately HKD 1.8 million in 2024[45] Assets and Liabilities - As of September 30, 2025, the Group's total assets less current liabilities amounted to HKD 35,404,000, down from HKD 44,643,000 as of March 31, 2025[10] - The Group's cash and cash equivalents decreased to HKD 9,654,000 from HKD 14,319,000, indicating a decline in liquidity[10] - Non-current assets totaled HKD 23,879,000 as of September 30, 2025, down from HKD 26,797,000 as of March 31, 2025[10] - The Group's equity attributable to owners was HKD 29,671,000, a decrease from HKD 37,233,000 as of March 31, 2025, reflecting a decline in shareholder value[11] - The Group's current liabilities decreased to HKD 12,041,000 from HKD 13,504,000, indicating some improvement in short-term obligations[10] - The group’s accounts receivable as of September 30, 2025, was HKD 9,823,000, down from HKD 12,001,000 as of March 31, 2025[27] - The group’s current assets net value was approximately HKD 11.5 million as of September 30, 2025, compared to HKD 17.8 million as of March 31, 2025[50] Revenue Sources - The revenue from tutoring services increased to HKD 20,260,000, up 13.5% from HKD 17,849,000 in the previous year[18] - Revenue from external customers in Hong Kong was HKD 20,590,000, an increase from HKD 18,481,000 in the previous year, while revenue from China decreased to HKD 1,840,000 from HKD 4,421,000[21] - The tutoring business revenue increased by approximately 13.5% for the six months ended September 30, 2025, compared to the same period last year[36] Cash Flow - The net cash used in operating activities was HKD (573,000), an improvement from HKD (12,354,000) in the prior year[14] - The net cash used in investing activities was HKD (805,000), compared to HKD (3,534,000) in the previous year, indicating reduced investment outflows[14] - The net cash used in financing activities was HKD (3,369,000), a significant decrease from HKD 15,169,000 in the prior year, reflecting changes in financing strategy[14] - The cash and cash equivalents decreased to HKD 9,654,000 as of September 30, 2025, from HKD 14,319,000 at the beginning of the period[14] Operational Changes - The group operates 12 tutoring centers in Hong Kong as of September 30, 2025, down from 13 centers in 2024[36] - Employee benefit expenses increased by 14.2% to approximately HKD 20.1 million for the six months ended September 30, 2025, compared to approximately HKD 17.6 million for the same period in 2024[42] - Other operating expenses for the six months ended September 30, 2025, were approximately HKD 6.3 million, an increase of about 23.5% compared to HKD 5.1 million in 2024[43] - The depreciation expense for property, plant, and equipment increased to approximately HKD 3.8 million for the six months ended September 30, 2025, from approximately HKD 3.3 million for the same period in 2024[41] Corporate Governance - The company has adopted the GEM Listing Rules regarding the code of conduct for directors' securities transactions[75] - The company has complied with all corporate governance code provisions as per GEM Listing Rules Appendix 15, except for the separation of roles between the Chairman and the CEO[76] - Currently, the company does not have a Chairman or CEO, with daily operations overseen by executive directors[77] - The board believes that the absence of a Chairman and CEO allows for balanced power and efficient decision-making[77] - The company plans to appoint a new Chairman and CEO at an appropriate time[78] - An audit committee has been established in accordance with GEM Listing Rules, focusing on the appointment and removal of external auditors, reviewing financial statements, and overseeing internal control procedures[79] - The audit committee, chaired by Mr. Yu Libin, has reviewed the audited consolidated financial statements for the six months ending September 30, 2025, and found them to comply with applicable accounting standards[79] Shareholder Information - The company has 30,720,000 shares issued, representing approximately 21.15% ownership by Yu Jing Investment Holdings Limited[61] - No directors have significant interests in any major contracts related to the group's business for the six months ending September 30, 2025[62] - There are no directors or their associates engaged in any business that competes or may compete with the group as of the report date[63] - The company adopted a share option scheme on November 3, 2016, aimed at encouraging contributions from eligible participants[64][65] - The maximum number of shares that may be issued under the share option scheme cannot exceed 30% of the total issued shares at any time[69] - The total number of shares involved in the share options granted under the scheme cannot exceed 52,250,000 shares, which is 10% of the total issued shares at the time of listing[69] - No share options have been granted, exercised, canceled, or lapsed as of the six months ending September 30, 2025[73] - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[74] Investments and Acquisitions - The group acquired property, plant, and equipment amounting to approximately HKD 843,000 for the six months ended September 30, 2025, compared to approximately HKD 712,000 for the same period in 2024[26] - The investment in Aoying Financial Printing Co., Ltd. was valued at approximately HKD 5.01 million, representing 10.6% of the group’s total assets as of September 30, 2025[54] - The group has entered into an agreement to acquire all issued shares of Huimin Limited for a consideration of HKD 20 million, subject to shareholder approval[57] - The group did not engage in any other significant investments, acquisitions, or disposals during the reporting period[55] - As of September 30, 2025, the group had no significant contingent liabilities[47]

Financial Performance - Revenue for the six months ended September 30, 2025, was HK$481,320,000, a decrease of 27.3% compared to HK$661,739,000 for the same period in 2024[4] - Gross profit increased to HK$93,627,000, up 19.8% from HK$78,079,000 in the previous year[4] - Profit for the period was HK$31,108,000, representing a 42.6% increase from HK$21,780,000 in the same period last year[4] - Basic and diluted earnings per share rose to HK$0.08, compared to HK$0.06 for the previous year[5] - Total comprehensive income for the period was HK$31,932,000, an increase of 32.5% from HK$24,063,000 in the prior year[5] - Total revenue for the six months ended September 30, 2025, was HK$481,320,000, a decrease of 27.3% compared to HK$661,739,000 for the same period in 2024[34][46] - The Group recorded a consolidated revenue of approximately HK$481.3 million, representing a decrease of approximately 27.3% compared to HK$661.7 million for the 2024 Corresponding Period[95] Revenue Breakdown - Construction revenue under foundation and other civil works was HK$379.80 million, down 35.6% from HK$589.84 million in the previous year[24] - The Group's construction revenue from tunneling works increased to HK$81.83 million, up 40.7% from HK$58.03 million in the prior year[24] - Revenue from foundation and other civil works decreased by approximately 35.6%, from HK$589.8 million to HK$379.8 million, primarily due to the completion of several projects[96] - Revenue from tunneling works increased by approximately 41.0%, from HK$58.0 million to HK$81.8 million, due to the full swing of several projects during the Period[97] - Revenue from premises revitalization and enhancement increased by approximately 34.2%, from HK$13.0 million to HK$17.5 million, driven by higher rental income and building management fee income[98] - The health and environmental innovations business saw revenue increase by approximately 164.8%, from HK$0.8 million to HK$2.2 million, driven by higher sales of pet care products and household items[101] Assets and Liabilities - Non-current assets as of September 30, 2025, amounted to HK$449,445,000, slightly down from HK$451,921,000 as of March 31, 2025[7] - Current assets increased to HK$665,178,000 from HK$551,840,000, reflecting a growth of 20.5%[8] - Total assets as of September 30, 2025, amounted to HK$1,114,623,000, an increase from HK$1,003,761,000 as of March 31, 2025[39] - Total liabilities increased to HK$601,965,000 as of September 30, 2025, compared to HK$558,091,000 as of March 31, 2025[43] Equity and Shareholder Information - Total equity as of September 30, 2025, was HK$512,658,000, compared to HK$445,670,000 at the end of March 2025, marking an increase of 15%[8] - A special dividend of HK$0.15 per share was declared by the Board on November 28, 2025, following no dividends paid or proposed during the reporting period[55] - The Group issued 15,000,000 ordinary shares at a placing price of HK$2.35 per share, representing approximately 2.91% of the issued share capital immediately after the placing[157] - The gross proceeds from the placing were approximately HK$35.25 million, with net proceeds of approximately HK$34.97 million after deductions[162] Expenses and Costs - Employee benefits expenses increased to HK$97,676,000 in 2025 from HK$91,580,000 in 2024, reflecting a rise of 6.5%[50] - Administrative expenses rose from approximately HK$40.4 million in the 2024 Corresponding Period to approximately HK$45.9 million for the Period, reflecting an increase of approximately 13.6% due to an exchange loss increase of approximately HK$3.7 million[111] - Selling and distribution expenses increased from approximately HK$1.7 million in the 2024 Corresponding Period to approximately HK$2.1 million for the Period, representing an increase of approximately 22.9%[112] - Finance costs for the Period were approximately HK$9.5 million, a decrease from approximately HK$10.4 million in the 2024 Corresponding Period[119] Cash Flow and Financial Position - As of September 30, 2025, the Group had bank balances and cash of approximately HK$256.4 million, up from approximately HK$151.0 million as of March 31, 2025[123] - The current ratio as of September 30, 2025 was approximately 1.76 times, compared to 1.7 times as of March 31, 2025[131] Corporate Governance and Compliance - The company has complied with the Corporate Governance Code during the reporting period[175] - The Audit Committee has reviewed the unaudited Interim Financial Information for the six months ended September 30, 2025[182] - The company is committed to transparency and compliance with the Listing Rules of the Stock Exchange[190] Future Outlook and Investments - The Group completed the subscription of shares in Trio AI Limited in October 2025, aligning with the growing demand for high-performance computing and AI-driven solutions[93] - Approximately HK$15 million will be used to settle the subscription consideration for shares in Trio AI Limited, representing about 51.73% of the enlarged issued share capital of the Target Company[166][167] - Approximately HK$17 million will be allocated to finance and develop the business of the Target Company, including leasing high-performance GPU servers, with an estimated monthly cost of HK$1.8 million over the next 18 months[165] - The remaining net proceeds will be directed towards research and development in software enhancement, AI, and machine learning, expected to be utilized by December 2026[165]