CORPORATE INFORMATION 公司資料 BOARD OF DIRECTORS Executive Directors Mr. Chu Pui Him Mr. Leung Yin Cheuk Non-executive Director Mr. Fok Siu Keung Independent Non-executive Directors Mr. Char Shik Ngor Stephen (resigned on 8 October 2025) Mr. Wong Che Sang Ms. Zhao Ming Ms. Yin Shilu (appointed on 14 May 2025) 董事會 執行董事 朱沛謙先生 梁彥卓先生 非執行董事 霍紹強先生 獨立非執行董事 查錫我先生 （於2025年10月8日辭任） 黃志生先生 趙鳴女士 尹詩璐女士 （於2025年5月14日獲委任） WELIFE TECHNOLOGY LIMITED 維力生活科技有限公司 1 CORPORATE INFORMATION 公司資料 Company Secretary Mr. Lam Man Kit Authori ...

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。 Bortex Global Limited 濠亮環球有限公司* （於開曼群島註冊成立之有限公司） （股份代號： 8118） 截 至 二 零 二 五 年 十 月 三 十 一 日 止 六 個 月 之 中 期 業 績 公 告 濠 亮 環 球 有 限 公 司（「本 公 司」）及 其 附 屬 公 司（統 稱 為「本 集 團」）董 事（「董 事」） 會（「董 事 會」）欣 然 公 佈 本 集 團 截 至 二 零 二 五 年 十 月 三 十 一 日 止 六 個 月 之 未經審核業績連同比較數字。本公告載有本公司二零二五年中期報告全文， 乃 符 合 香 港 聯 合 交 易 所 有 限 公 司GEM證 券 上 市 規 則（「GEM上 市 規 ...

中期報告 2025/26 香港聯合交易所有限公司（「聯交所」）GEM 的特色 GEM 乃為較於聯交所上市的其他公司帶有更高投資風險的中小型公司提供上市的市場。有意投資 者應瞭解投資該等公司的潛在風險，並應經過審慎周詳考慮後方作出投資決定。 鑑於在GEM 上市的公司一般為中小型公司，在GEM 買賣的證券可能會較在主板買賣的證券承受較 大市場波動風險，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報告之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。 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，旨在提供有關生活概 念控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）及本集團的資料，本公司各董事（「董 事」）願就本報告的資料共同及個別地承擔全部責任，並在作出一切合理查詢後，確認就其所知及所 信，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， 足以致令本報告或其所載任何陳述產生誤導。 1 生活概 ...

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 就 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。 HSC Resources Group Limited 鴻盛昌資源集團有限公司 （於開曼群島註冊成立之有限公司） （前稱 WINDMILL Group Limited 海鑫集團有限公司） （股份代號：1850） 截 至2025年10月31日止六個月之中期業績公告 財務摘要 截 至2025年10月31日 止 六 個 月，鴻 盛 昌 資 源 集 團 有 限 公 司（「本 公 司」）及 其 附 屬 公 司（以 下 統 稱 為「本 集 團」）的 經 營 業 績 如 下： – 1 – • 截 至2025年10月31日止六個月之收益約為268.8百 萬 港 元（2024年：271.5百 萬 港 元），較2024年同期減少1.0%； • 截 至2025年10 月31日止六個月之虧損約為3.0百 萬 ...

Financial Performance - The company reported a revenue of RMB 500 million for the fiscal year, representing a 20% increase year-over-year[2]. - The company expects revenue growth of 25% for the next fiscal year, projecting revenues to reach RMB 625 million[2]. - Revenue for the last quarter reached $150 million, representing a 15% increase compared to the previous quarter[2]. - The company's revenue for the year ending August 31, 2025, reached approximately RMB 600.7 million, an increase of RMB 1.3 million compared to the previous year, primarily driven by increased tuition and accommodation fees[58]. - The adjusted EBITDA for the fiscal year 2025 was HKD 184.5 million, indicating robust core profitability[12]. - The adjusted EBITDA for the year ending August 31, 2025, was approximately RMB 184.5 million, a slight decrease of 4.2% from RMB 192.4 million for the year ended August 31, 2024[76]. - The company recorded a loss of approximately RMB 412.0 million for the year ended August 31, 2025, compared to a profit of approximately RMB 15.4 million for the year ended August 31, 2024, mainly due to impairment losses on goodwill and non-current assets totaling approximately RMB 288.8 million[75]. - Gross profit for the year ended August 31, 2025, was approximately RMB 166.5 million, a decrease of about RMB 21.8 million compared to the previous year, primarily due to a higher increase in cost of revenue than revenue growth[60]. Student Enrollment and Engagement - User enrollment increased by 15% to 30,000 students across all institutions[2]. - As of August 31, 2025, the total number of enrolled students across the company's institutions surpassed 30,000[12]. - The company reported a significant increase in user engagement, with a 25% year-over-year growth in active users[1]. - User retention rates have improved to 85%, up from 80% last year, reflecting enhanced customer satisfaction[9]. Market Expansion and Product Development - New product offerings include a vocational training program set to launch in Q2 2024, targeting an additional 5,000 students[2]. - The company plans to expand its market presence in southern China, aiming to establish two new campuses by the end of 2025[2]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by the end of the next fiscal year[5]. - New product launches are expected to contribute an additional $30 million in revenue over the next fiscal year[4]. Strategic Initiatives and Partnerships - A strategic acquisition of a local education provider is in progress, expected to enhance the company's service offerings and increase market share by 10%[2]. - A strategic acquisition of a local competitor is anticipated to enhance the company's service offerings and increase market penetration[6]. - The company has initiated a partnership with local businesses to provide internship opportunities for students, enhancing employability[2]. - The group established 10 industry colleges covering multiple sectors, enhancing collaboration with leading enterprises to meet market demands[17]. Operational Efficiency and Cost Management - Operating margin improved to 30%, up from 25% in the previous year, due to cost management initiatives[2]. - The company aims to improve operational efficiency, targeting a 5% reduction in costs over the next year[8]. - The cost of revenue for the same period was approximately RMB 434.2 million, representing an increase of about 5.6% from the previous year, mainly due to higher employee costs and increased depreciation and amortization expenses[59]. Educational Quality and Curriculum Development - The company is focused on providing a comprehensive system of applied undergraduate education, vocational education, and quality high school education services, with continuous improvement in operational effectiveness[12]. - The company is optimizing its curriculum and talent training programs based on market and industry demands, promoting integration of education and industry[13]. - The company aims to enhance the quality of applied talent cultivation and improve school operation standards through continuous service to regional economic development[13]. - The company plans to enhance its undergraduate course offerings to meet market demand and improve profitability, with a focus on increasing the proportion of undergraduate services[53]. Governance and Compliance - The company has adopted corporate governance policies and measures to maintain high standards of corporate governance, focusing on accountability, transparency, and fairness[98]. - The board consists of 2 female directors (28.6%) and 5 male directors (71.4%), achieving gender diversity at the board level[110]. - The company has established a whistleblowing policy to promote compliance and ethical behavior within the group[112]. - The audit committee regularly reviews and updates the anti-corruption policy to comply with applicable laws and regulations[115]. Financial Position and Equity - Total equity as of August 31, 2025, was approximately RMB 439.5 million, down from RMB 860.7 million as of August 31, 2024, primarily due to impairment losses[77]. - Cash and cash equivalents as of August 31, 2025, were approximately RMB 150.3 million, a decrease from RMB 288.0 million as of August 31, 2024, influenced by seasonal fluctuations in cash flow[78]. - The company's total bank and other borrowings as of August 31, 2025, were RMB 2,447.0 million, slightly up from RMB 2,418.1 million as of August 31, 2024, with a higher proportion of lower-interest bank loans[79]. - The debt-to-equity ratio as of August 31, 2025, was approximately 550.0%, an increase from 261.2% as of August 31, 2024, mainly due to the decrease in total equity[81]. Social Responsibility and Community Engagement - The group emphasized ESG management practices, focusing on ecological campus initiatives and community engagement[19]. - The company is committed to social responsibility, promoting employee welfare, environmental protection, and sustainable development through various initiatives[96]. Future Outlook - Future guidance indicates a focus on digital transformation and expanding online course offerings to adapt to market demands[2]. - The Chinese private education sector is expected to maintain steady growth, with significant potential and opportunities anticipated by 2026[50].

Financial Performance - Revenue for the six months ended September 30, 2025, increased to HK$73,919,000, a 99% increase from HK$37,186,000 in the same period of 2024[18] - Gross profit for the same period rose to HK$7,800,000, compared to HK$1,009,000 in 2024, reflecting a significant improvement in profitability[18] - Operating profit for the period was HK$9,251,000, a turnaround from an operating loss of HK$1,553,000 in the previous year[18] - Profit for the period attributable to owners of the Company was HK$7,417,000, compared to a loss of HK$1,587,000 in 2024[18] - Total comprehensive income for the period was HK$12,162,000, a significant increase from a total comprehensive loss of HK$348,000 in the prior year[19] - Basic and diluted earnings per share improved to HK$0.40, compared to a loss per share of HK$0.09 in the previous year[19] - The company reported a profit before taxation of HK$9,251,000 for the period, after accounting for unallocated expenses of HK$1,377,000[50] Cash Flow and Assets - The company reported a net cash used in operating activities of HK$58,755,000 for the six months ended September 30, 2025, compared to a net cash generated of HK$77,000 in the same period of 2024[26] - Cash and cash equivalents at the end of the period were HK$591,000, up from HK$179,000 at the end of September 2024, indicating a significant increase[26] - As of September 30, 2025, total assets less current liabilities amounted to HK$236,511,000, an increase from HK$224,504,000 as of March 31, 2025, representing a growth of approximately 5.4%[21] - Net assets increased to HK$234,802,000 as of September 30, 2025, compared to HK$222,640,000 as of April 1, 2025, reflecting a rise of about 5.4%[22] Liabilities and Financial Health - The Group reported current liabilities of approximately HK$120,694,000, with cash and cash equivalents of only approximately HK$591,000, indicating significant financial uncertainty[35] - The Group experienced a net cash outflow of approximately HK$4,462,000 for the six months ended 30 September 2025[35] - The Group's financial health is contingent on the successful implementation of measures to enhance cash flow and profitability[39] - The Group may need to adjust asset values if the implemented measures do not succeed, potentially impacting the carrying values of assets[40] Segment Performance - The healthcare products and services segment generated external sales of HK$15,178,000, while the liquor sales segment contributed HK$58,741,000[50] - Segment profit for the healthcare products and services was HK$3,932,000, and for the liquor sales segment, it was HK$2,924,000, leading to a total segment profit of HK$6,856,000[50] - The liquor business recorded a profit for the period and is expected to continue generating profit in the future[42] Operational Strategies - Measures have been implemented to speed up the collection of outstanding trade receivables and improve operating efficiency through cost control[37] - The Group is actively negotiating with financial institutions and potential investors to secure new financing arrangements to meet working capital and financial requirements[42] - The Group aims to enhance its marketing efforts to boost sales in the liquor segment, anticipating increased revenue from these initiatives[112] Corporate Governance and Compliance - The Company has complied with the Corporate Governance Code during the six months ended September 30, 2025[153] - The Board did not recommend the payment of an interim dividend for the six months ended September 30, 2025[152] Shareholder Information - As of September 30, 2025, Wang Mengyao holds 444,504,080 shares, representing approximately 24.02% of the company's issued share capital[174] - Wei Yan holds 380,052,611 shares, representing approximately 20.54% of the company's issued share capital[174] - The number of outstanding share options under the New Scheme is 86,040,000, which is 8% of the shares in issue as of September 30, 2025[181] Challenges and Risks - The Company lost control over certain subsidiaries as of October 1, 2024, resulting in their deconsolidation from the Group's financial statements[138] - The Auditor intends to issue a qualified opinion on the annual results for the year ended March 31, 2025, due to the inability to obtain complete books and records[139] - The company is seeking legal advice regarding potential losses due to communication challenges with former executives who failed to provide necessary financial documents[133]

Financial Performance - For the six months ended October 31, 2025, revenue was approximately HKD 15.8 million, a decrease of about 3.1% compared to HKD 16.3 million for the same period in 2024[11] - The profit attributable to equity holders for the same period was approximately HKD 31.3 million, compared to a loss of HKD 2.0 million in 2024[11] - Basic and diluted earnings per share for the period were approximately HKD 0.1272, compared to a loss per share of HKD 0.0081 in 2024[11] - Net profit for the six months ending October 31, 2025, was approximately HKD 31.3 million, a significant increase from a net loss of HKD 2.0 million for the same period in 2024[20] - Profit before tax for the period was HKD 31,348,000, compared to a loss of HKD 1,997,000 in the previous year[51] - The profit attributable to equity holders for the six months ended October 31, 2025, was HKD 31,348,000, a turnaround from a loss of HKD 1,997,000 in 2024[76] Dividend Policy - The company does not recommend the payment of an interim dividend for the six months ended October 31, 2025, consistent with 2024[12] - The board of directors does not recommend the payment of an interim dividend for the six months ended October 31, 2025, consistent with the previous year[41] - The company did not declare an interim dividend for the six months ended October 31, 2025, consistent with the previous year[75] Operational Overview - The business primarily engages in site formation and renovation works in Hong Kong, with a focus on improving market conditions through government infrastructure investments[14] - The company faces increasing operational costs and intense market competition but aims to expand its business and enhance shareholder returns[14] - Future strategies include diversifying into property development projects and potential investments for capital appreciation and stable rental income[14] - The company will continue to strengthen its competitive advantages in the construction industry and expand its operations to increase shareholder returns[14] - The revenue decline was primarily due to a reduction in site formation and renovation works conducted in Hong Kong during the reporting period[15] - The company operates as a single business segment in the construction industry, with no separate reporting of segment analysis due to its geographical concentration in Hong Kong[15] Financial Position - Total assets as of October 31, 2025, were HKD 111,317,000, up from HKD 73,848,000 as of April 30, 2025[53] - Net current assets increased to HKD 86,471,000 from HKD 55,123,000 in the previous period[53] - Cash and bank balances as of October 31, 2025, were approximately HKD 2.6 million, a decrease of about HKD 0.5 million from HKD 3.1 million on April 30, 2025[21] - Cash and cash equivalents decreased to HKD 2,581,000 from HKD 3,074,000 at the end of the previous period[58] - Trade receivables as of October 31, 2025, amounted to HKD 42,940,000, down from HKD 44,762,000 as of April 30, 2025, showing a decrease of about 4.1%[77] - Contract assets increased to HKD 10,599,000 as of October 31, 2025, compared to HKD 9,785,000 as of April 30, 2025, marking an increase of approximately 8.3%[81] - Trade payables increased to HKD 6,990,000 as of October 31, 2025, from HKD 2,864,000 as of April 30, 2025[84] - Retention payables amounted to HKD 12,595,000 as of October 31, 2025, up from HKD 4,333,000 as of April 30, 2025[85] - Total trade and other payables reached HKD 24,819,000 as of October 31, 2025, compared to HKD 18,698,000 as of April 30, 2025[84] Expenses and Costs - Administrative expenses rose by approximately HKD 2.9 million or 54.7% to HKD 8.2 million for the six months ending October 31, 2025, primarily due to increased employee costs and marketing expenses[18] - Employee costs, including director remuneration, rose to HKD 1,610,000 in 2025 from HKD 1,171,000 in 2024, reflecting an increase of approximately 37.5%[72] - Administrative expenses rose to HKD 8,174,000 from HKD 5,341,000 in the previous year[51] Investments and Assets - The total investment in Fuyue Holdings Limited was approximately HKD 2.9 million, with a fair value change of HKD 13.3 million as of October 31, 2025[31] - The company held investments in China Integrated Holdings Limited and China National Cultural Industry Group Limited, with total investments of approximately HKD 2.0 million each, reflecting fair value changes of HKD 16.7 million and HKD 4.4 million respectively[32] - The fair value of listed securities classified as held for trading investments was HKD 59,979,000 as of October 31, 2025, compared to HKD 21,176,000 as of April 30, 2025[83] Corporate Governance - The company is committed to maintaining high standards of corporate governance to build trust with shareholders and stakeholders[39] - The board confirmed compliance with the GEM Listing Rules regarding securities trading by directors for the reporting period[40] - The company has adopted a share option scheme to incentivize directors and eligible employees, with the aim of attracting and retaining talent[48] - As of October 31, 2025, a total of 45,440,000 stock options remain unexercised, with exercise prices ranging from HKD 0.12 to HKD 0.7[46] - As of October 31, 2025, the company’s director, Ms. Li Yixuan, holds 1,600,000 stock options, representing 0.65% of the company's issued share capital[34] - No major shareholders or other individuals reported interests in the company's shares or related securities as of October 31, 2025[35] Other Financial Metrics - Other income and gains recorded approximately HKD 38.8 million for the six months ending October 31, 2025, compared to HKD 3.0 million for the same period in 2024, mainly due to fair value changes in financial assets[19] - Other income for the six months ended October 31, 2025, was HKD 38,709,000, significantly higher than HKD 2,966,000 in 2024, reflecting a growth of approximately 1203.5%[71] - The company reported a net cash outflow from operating activities of HKD 493,000, compared to HKD 6,849,000 in the same period of 2024[58] - The company has not reported any significant temporary differences, resulting in no deferred tax provision for the period[74] - There were no significant contingent liabilities reported as of October 31, 2025[89]

Revenue Performance - Total revenue for Jiyi Holdings Limited decreased by approximately RMB13.7 million or 6.6%, from approximately RMB206.8 million in 1H2024 to approximately RMB193.2 million in 1H2025[23]. - Revenue from the provision of interior design and building engineering services increased significantly by approximately RMB25.3 million to approximately RMB26.3 million in 1H2025, compared to RMB1.0 million in 1H2024[24]. - Revenue from the sale and distribution of merchandise decreased by approximately RMB39.0 million or 18.9%, from approximately RMB205.8 million in 1H2024 to approximately RMB166.8 million in 1H2025[22]. - Revenue from bulk commodity trading decreased by approximately RMB69.9 million or 34.2%, from approximately RMB204.2 million in 1H2024 to approximately RMB134.3 million in 1H2025[35]. - Revenue from building materials sales increased by approximately RMB30.9 million or 1,862.1%, reaching RMB32.5 million in 1H2025, primarily due to increased cement sales[34]. - Revenue from contracts with customers for the six months ended June 30, 2025, was RMB 193,162,000, a decrease of 6.5% compared to RMB 206,839,000 in 2024[80]. - Segment revenue from the sale and distribution of merchandise was RMB 166,836,000, while revenue from interior design and engineering services was RMB 26,326,000, totaling RMB 193,162,000[173]. Profitability and Margins - The gross profit margin for the interior design and building engineering services segment was approximately 15.0% in 1H2025, with a segment gross profit of approximately RMB3.9 million[21]. - The Group's gross profit increased by approximately RMB3.7 million or 101.7%, from approximately RMB3.6 million in 1H2024 to approximately RMB7.3 million in 1H2025[36]. - The gross profit margin for interior design and building engineering services was approximately 15.0% in 1H2025, while the gross profit margin for merchandise sales increased from approximately 1.7% in 1H2024 to 2.0% in 1H2025[37]. - The segment gross profit for the sale and distribution of merchandise was RMB 3,367,000, and for interior design and engineering services was RMB 3,949,000, resulting in a total gross profit of RMB 7,316,000[173]. Expenses and Losses - Distribution and selling expenses decreased by approximately RMB0.3 million or 37.0%, from approximately RMB0.7 million in 1H2024 to approximately RMB0.5 million in 1H2025[38]. - Administrative expenses decreased by approximately RMB5.8 million or 63.3%, from approximately RMB9.2 million in 1H2024 to approximately RMB3.4 million in 1H2025[39]. - The Group's loss for the period decreased by approximately RMB83.8 million or 90.5%, to approximately RMB8.8 million in 1H2025 compared to a loss of approximately RMB92.5 million in 1H2024[45]. - Loss before tax narrowed to RMB 8,750,000 in 2025 from RMB 92,528,000 in 2024, indicating a substantial reduction in losses[80]. - Total comprehensive loss for the period was RMB 9,094,000 in 2025, compared to RMB 89,719,000 in 2024, reflecting improved financial performance[82]. Financial Position and Liabilities - As of 30 June 2025, the net current liabilities increased by approximately RMB7.6 million, reaching approximately RMB15.8 million[50]. - Total bank borrowings amounted to approximately RMB154.3 million as of 30 June 2025, unchanged from 31 December 2024[52]. - The current ratio decreased slightly from 0.99 as of 31 December 2024 to 0.97 as of 30 June 2025[57]. - The gearing ratio increased significantly from 513.97% as of 31 December 2024 to 633.40% as of 30 June 2025[57]. - The net debt to equity ratio rose from 502.51% as of 31 December 2024 to 627.32% as of 30 June 2025[58]. - The Group recognized estimated liabilities of pending litigation totaling RMB51.5 million as of 30 June 2025, up from RMB44.7 million as of 31 December 2024[71]. - The total equity attributable to equity holders of the company decreased to RMB 38,528,000 as of June 30, 2025, down from RMB 382,182,000 at the beginning of the year[90]. - The company’s accumulated losses increased to RMB 736,029,000 as of June 30, 2025, from RMB 396,878,000 at the beginning of the year[90]. Cash Flow and Financing - The cash flows from operating activities resulted in a net cash used of RMB 2,957,000 for the first half of 2025, an improvement from RMB 3,950,000 in the same period of 2024[93]. - The company had cash and cash equivalents of RMB 1,952,000 at the end of June 30, 2025, compared to RMB 1,588,000 at the same date in 2024[94]. - The company reported a net decrease in cash and cash equivalents of RMB 3,088,000 for the first half of 2025, compared to a decrease of RMB 4,047,000 in the same period of 2024[94]. - The company did not generate any cash from investing activities during the first half of 2025, consistent with the previous year[93]. - The company repaid RMB 87,000 to related parties and RMB 44,000 in lease liabilities during the financing activities for the first half of 2025[93]. Strategic Focus and Future Outlook - The Group focused more on interior design and building engineering services, reducing resources allocated to lower-margin merchandise sales[17]. - The Group's strategic shift towards higher-margin services reflects a focus on improving profitability despite a decline in overall revenue[17]. - The Group anticipates cautious growth in financial performance while preparing for potential economic headwinds[64]. - The Group plans to accelerate the collection of pre-sale payments and other receivables to generate additional cash inflows[118]. - The Board believes the Group will have sufficient working capital to finance its operations and meet financial obligations for the next twelve months from June 30, 2025[119]. - The Group aims to control operational and administrative costs while avoiding unnecessary capital expenditures[118]. Governance and Compliance Issues - The company identified unauthorized guarantee arrangements involving loans of RMB 20,000,000 and RMB 7,000,000, which were not disclosed in the 2022 and 2023 annual reports[138][140]. - The company’s management did not secure formal board approval for the unauthorized guarantees, which constitutes a breach of compliance requirements under Chapter 14A of the Listing Rules[145][147]. - The independent valuation report confirmed that the collateral for the unauthorized guarantees is sufficient to cover the loan amounts, indicating no material impact on the consolidated financial statements for the years ended December 31, 2022, 2023, and 2024[149][150]. - The company’s prior Chief Financial Officer did not process accounting entries for the finance leases, leading to omissions in the financial reporting[146]. - The unauthorized guarantees involved connected persons, which legally required disclosure and board approval, highlighting governance issues within the company[145][147]. - The company has quantified the financial impact of these issues, presenting the effects in a detailed table in the financial report[156]. Risk Management - The company has not changed its risk management policies since the year-end, focusing on minimizing potential adverse effects on financial performance[169]. - The financial risk factors include interest rate risk, credit risk, and liquidity risk, which the company actively manages[165].

Alco Holdings Limited（「本公司」）董事宣佈本公司及其附屬公司（「本集團」）截至二零二五 年九月三十日止六個月之未經審核簡明綜合中期業績如下： 簡明綜合損益表 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 | | 持續經營業務 | | | | | 營業額 | 4 | 61,948 | 49,690 | | 銷貨成本 | 6 | (55,620) | (45,078) | | 毛利 | | 6,328 | 4,612 | | 其他收入及收益 | 5 | – | 2,477 | | 銷售開支 | 6 | (6,703) | (5,968) | | 行政開支 | 6 | (16,510) | (23,244) | | 其他經營開支 | 6 | (41) | (49) | | 經營虧損 | | (16,926) | (22,172) | | 財務成本 | | (2,491) | (2,137) | | 除 ...

(Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） Stock Code 股份代號 : 1890 ANNUAL REPORT 2025 年度報告 2025 ANNUAL REPORT 年度報告 | 2 | 公司概覽 | | --- | --- | | 3 目 | 公司資料 | | 5 | 年度業績摘要 | | 6 | 財務狀況及現金流量主要項目 | | 7 錄 | 主席的話 | | 9 | 管理層討論與分析 | | 23 | 董事及高級管理層 | | 30 | 董事會報告 | | 65 | 企業管治報告 | | 84 | 獨立核數師報告 | | 92 | 綜合損益表 | | 93 | 綜合全面收益表 | | 94 | 綜合財務狀況表 | | 96 | 綜合權益變動表 | | 98 | 綜合現金流量表 | | 101 | 財務報表附註 | | 199 釋義 | | 公司概覽 本公司與其附屬公司為中國領先的民辦職業教育服務營辦商，專注於專業型及職業教育。 我們致力於向學生提供優質專業型及職業教育及幫助彼等應付日益 ...