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之內容概不 負責，對其準確性或完備性亦不發表任何聲明，並明確表示概不會對因本公 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。 OKG Technology Holdings Limited 歐科雲鏈控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1499） 截至二零二五年九月三十日止六個月之 中期業績公告 財務摘要 1 • 於期內，本集團收益約為112.6百萬港元（截至二零二四年九月三十日止 六個月：約195.7百萬港元）。 • 於期內，本公司擁有人應佔溢利約為0.7百萬港元（截至二零二四年九月 三十日止六個月：本公司擁有人應佔虧損約3.4百萬港元）。 • 於期內，每股基本及攤薄盈利約為0.01港仙（截至二零二四年九月三十 日止六個月：每股基本及攤薄虧損約0.06港仙）。 • 董事會不建議派付期內之任何中期股息（截至二零二四年九月三十日止 六個月：無）。 歐科雲鏈控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董 事」）會（「董事會」）欣然宣佈本集團截至二零二五年九月三十日止六個月（「期 內」）的 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）對 本 公 告 之 內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對本公 告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 B & S INTERNATIONAL HOLDINGS LTD. 賓仕國際控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1705） （「本公司」） 截至二零二五年九月三十日止六個月的 中期業績公告 財務摘要 | | | 截至九月三十日止六個月 | | 增加╱ | | --- | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | （減少） | | | | 百萬港元 | 百萬港元 | | | | | （未經審核） | （未經審核） | | | 收 益 | | 248.4 | 244.7 | 1.5% | | 毛 利 | | 58.9 | 57.6 | 2.3% | | 純 利 | | 10.3 | 10.6 | (2.8%) | | 每股基本盈利 | （港仙） | 2.5 | 2. ...

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。 東方支付集團控股有限公司 ORIENTAL PAYMENT GROUP HOLDINGS LIMITED 東方支付集團控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8613） 2025年中期業績公告 東方支付集團控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董 事」）會（「董事會」）謹此宣佈本集團截至2025年9月30日止六個月的未經審核簡明 綜合中期業績。本公告載有本公司2025年中期報告全文，符合香港聯合交易所有限 公司GEM證券上市規則（「GEM上市規則」）有關隨附中期業績初步公告的資料的 相關規定。 承董事會命 執行董事 曾志傑先生 香港，2025年11月25日 於本公告日期，董事會包括執行董事曾志傑先生；以及獨立非執行董事唐旨均先生、 譚菀霖女士及Henrich Stefan先生。 本公告的資料乃遵照GEM上市規則而刊載，旨在提供有關本公司的資料；董事願 就本公 ...

Revenue and Financial Performance - The group's revenue for the six months ended September 30, 2025, was approximately HKD 369,400,000, representing an increase of about 36.1% compared to HKD 271,400,000 for the same period in 2024[4] - Revenue from the physical and digital banking business increased to approximately HKD 90,100,000, up from HKD 5,400,000 in the previous period, primarily due to the full consolidation of Ant Bank (Macau) for the entire six months[5] - Digital payment and related business revenue rose to approximately HKD 148,300,000, an increase of about HKD 10,100,000, driven by increased local digital payment consumption and marketing technology services[6] - Lottery business revenue increased to approximately HKD 131,000,000, up by HKD 4,600,000, due to the resumption of instant lottery supply by Chinese lottery regulatory authorities[7] - Total revenue for the six months ended September 30, 2025, was HKD 369,425,000, a significant increase from HKD 271,394,000 for the same period in 2024, representing a growth of approximately 36%[20] - Digital payment services generated revenue of HKD 133,895,000, up from HKD 130,737,000 in 2024, with a notable increase in merchant acquiring services revenue to HKD 55,493,000 from HKD 52,305,000[18] - The digital banking services segment reported revenue of HKD 90,101,000, a substantial rise from HKD 6,813,000 in the previous year, driven by interest income of approximately HKD 70,798,000[19] - Lottery services revenue was HKD 130,972,000, compared to HKD 126,341,000 in 2024, with hardware sales contributing HKD 85,748,000[19] - The local consumer services segment generated revenue of HKD 12,461,000, significantly higher than HKD 5,320,000 in the previous year, indicating strong growth in this area[19] Losses and Expenses - The group recorded an operating loss of approximately HKD 41,000,000, compared to HKD 28,900,000 in the previous period, with increased operating expenses primarily due to the full six-month inclusion of Ant Bank's expenses[8] - The total loss for the six months was approximately HKD 25,600,000, a significant increase from HKD 1,600,000 in the previous period, largely attributed to the physical and digital banking business[8] - The company reported a basic and diluted loss per share of HKD 0.123, compared to earnings of HKD 0.017 per share in the previous period[11] - Operating expenses for the six months ended September 30, 2025, were HKD 179,343,000, up from HKD 131,294,000 in the same period of 2024, reflecting a 36.6% increase[28] - The company reported a total segment loss of HKD 19,056,000 for the six months ended September 30, 2025, compared to a loss of HKD 11,138,000 in 2024[23] Assets and Liabilities - As of September 30, 2025, total assets increased to HKD 9,340,612 thousand from HKD 6,244,605 thousand as of March 31, 2025, representing a growth of approximately 49.4%[12] - Total liabilities increased to HKD 6,585,440 thousand from HKD 3,484,010 thousand, reflecting a rise of approximately 89.5%[13] - The company's equity as of September 30, 2025, was HKD 2,755,172 thousand, slightly down from HKD 2,760,595 thousand as of March 31, 2025[13] - Cash and cash equivalents rose significantly to HKD 2,904,676 thousand from HKD 1,261,528 thousand year-over-year, marking an increase of 130%[15] - The net cash generated from operating activities for the six months ended September 30, 2025, was HKD 2,904,801 thousand, a substantial increase compared to HKD 186,443 thousand in the same period last year[15] - The total equity attributable to the owners of the company decreased to HKD 2,559,551 thousand from HKD 2,647,584 thousand, reflecting a decline of approximately 3.3%[14] Customer Deposits and Loans - The company’s customer deposits surged to HKD 5,385,285 thousand from HKD 2,398,526 thousand, an increase of about 124%[12] - Customer loans increased to approximately HKD 397,000,000 as of September 30, 2025, from HKD 307,800,000 as of March 31, 2025[108] Corporate Governance and Management - The company maintains a high level of corporate governance to enhance transparency and protect shareholder interests, adopting applicable provisions of the GEM Listing Rules[130] - The roles of the chairman and CEO are combined, which the company believes effectively promotes strategy formulation and execution[131] - The company has adopted new corporate governance practices, including an annual contribution review of directors[132] - The remuneration committee will continue to primarily oversee and recommend the remuneration of directors despite the delegation of certain responsibilities[135] Strategic Initiatives and Partnerships - The company aims to become a leading global fintech group, providing a range of services including digital banking and payments, with a focus on integrating its core strengths into the digital payment sector in Macau and surrounding areas[51] - The company has established partnerships with various entities, including Ant Bank and Alipay, to enhance its service offerings in the digital payment sector[50] - The group plans to explore strategic cooperation with Alibaba Group and Ant Group to expand e-commerce and digital media entertainment, enhancing the digital payment ecosystem in Macau[84] Market and Economic Context - In the first three quarters of 2025, mobile payment transaction volume in Macau rose by 11.9% to 290 million transactions, with a total transaction value of MOP 24.5 billion, up 10.7% year-on-year[53] - The number of inbound tourists in Macau reached 29.67 million in the first three quarters of 2025, a 14.5% increase year-on-year, nearing pre-pandemic levels[58] - The Macau government launched several electronic consumption incentive programs, distributing MOP 290 million in electronic coupons, which stimulated a total consumption of approximately MOP 1.04 billion[53] Community Engagement and Social Responsibility - The company is actively participating in community consumption promotion activities, leveraging government support for discounts[109] - The group supported over 300 large-scale performances and events in Macau from early 2023 to September 2025, enhancing the local cultural and entertainment landscape[80]

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。 截至2025年9月30日止九個月的財務亮點 ROBOSENSE TECHNOLOGY CO., LTD （於開曼群島註冊成立的有限公司） 速騰聚創科技有限公司 （股份代號：2498） 截至2025年9月30日止九個月的未經審核財務業績公告 本公告由董事會自願公佈。本公司欣然公佈本集團截至2025年9月30日止九個月的未經審核財 務業績。本集團截至2025年9月30日止九個月的中期簡明合併財務報表（「中期財務資料」）已由 本公司根據國際會計準則第34號「中期財務報告」編製。中期財務資料未經審核，惟已由本公 司獨立核數師羅兵咸永道會計師事務所根據國際審計與鑒證準則理事會頒佈的國際審閱委聘 準則第2410號「由實體的獨立核數師執行中期財務資料審閱」進行審閱。中期業績亦已由審核 委員會審閱。該等中期業績乃摘錄自中期財務資料。 截至2025年9月30日止九個月的運營亮點及近期發展 1 • 截至2025年9月30日 ...

仍志集團控股有限公司 WISDOMCOME GROUP HOLDINGS LIMITED （於百慕達存續之有限公司） （股份代號：8079） 截至二零二五年九月三十日止六個月之業績公佈 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）GEM的特色 GEM之定位乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小型公 司 提 供 一 個 上 市 之 市 場。有 意 投 資 之 人 士 應 了 解 投 資 於 該 等 公 司 之 潛 在 風 險， 並應經過審慎周詳之考慮後方作出投資決定。 由 於GEM上市之公司一般為中小型公司，在GEM買賣之證券可能會較於聯交所 主板買賣之證券承受較大之市場波動風險，同時無法保證在GEM買賣之證券會 有高流通量之市場。 香 港 交 易 及 結 算 所 有 限 公 司 及 聯 交 所 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 產生或因依據該等內容而引致之任何損失承擔任何責任。 本 公 佈（仍 志 集 團 控 股 ...

Financial Performance - Revenue for the quarter ended September 30, 2025, was RMB 247.795 billion (USD 34.808 billion), representing a year-over-year increase of 5%. On a comparable basis, revenue growth would be 15% excluding disposed businesses[5]. - Operating profit for the quarter was RMB 5.365 billion (USD 0.754 billion), a decrease of 85% year-over-year, primarily due to a reduction in adjusted EBITA, which fell 78% to RMB 9.073 billion (USD 1.274 billion)[5]. - Net profit attributable to ordinary shareholders was RMB 20.990 billion (USD 2.948 billion), a 53% decline year-over-year, mainly due to the decrease in operating profit[5]. - The diluted earnings per American depositary share were RMB 8.75 (USD 1.23), with a non-GAAP diluted earnings per share of RMB 4.36 (USD 0.61), both reflecting a 71% year-over-year decline[5]. - Free cash flow was a net outflow of RMB 21.840 billion (USD 3.068 billion), compared to a net inflow of RMB 13.735 billion in the same period last year, primarily due to increased investments in instant retail and cloud infrastructure[5]. - Operating profit for the six months ended September 30, 2025, was RMB 40,353 million (USD 5,668 million), accounting for 8% of revenue, a 43% decrease from RMB 71,235 million (15%) in the same period of 2024[88]. - Net profit for the six months ended September 30, 2025, was RMB 62,994 million (USD 8,849 million), a decrease from RMB 67,569 million in the same period of 2024, primarily due to reduced operating profit[97]. Revenue Breakdown - Revenue was RMB 495.447 billion (USD 69.595 billion), a year-on-year increase of 3%. On a comparable basis, revenue growth would be 12% excluding disposed businesses[10]. - Customer management revenue increased by 10% year-on-year, indicating strong growth in core business areas[5]. - Instant retail revenue surged by 60% to RMB 22,906 million (USD 3,217 million) compared to RMB 14,321 million in 2024, driven by the launch of "Taobao Flash Sale" in April 2025[26]. - The international retail business generated revenue of RMB 28,068 million (USD 3,943 million), a 10% increase from RMB 25,618 million in 2024[29]. - The cloud intelligence group reported a 30% revenue increase to RMB 73,222 million[64]. - Revenue from Alibaba's China e-commerce group increased by 12% year-over-year to RMB 272,650 million, excluding disposed businesses[63]. Cost and Expenses - Operating costs for the three months ended September 30, 2025, were RMB 150,781 million (USD 21,180 million), accounting for 60.8% of revenue, compared to 60.9% in the same period of 2024[37]. - Product development expenses for the three months ended September 30, 2025, were RMB 17,095 million (USD 2,401 million), representing 6.9% of revenue, up from 6.0% in the same period of 2024, due to increased investment in technology development[38]. - Sales and marketing expenses for the three months ended September 30, 2025, were RMB 66,496 million (USD 9,341 million), accounting for 26.8% of revenue, significantly up from 13.7% in the same period of 2024, driven by investments in user experience for Alibaba's China e-commerce group[38]. - General and administrative expenses for the three months ended September 30, 2025, were RMB 7,380 million (USD 1,037 million), accounting for 3.0% of revenue, down from 4.1% in the same period of 2024, due to improved cost control measures[39]. Cash Flow and Investments - Free cash flow for the six months ended September 30, 2025, was a net outflow of RMB 40,655 million (USD 5,711 million), contrasting with an inflow of RMB 31,107 million in 2024, mainly due to increased spending on cloud infrastructure and instant retail[102]. - The net cash used in investing activities for the three months ended September 30, 2025, was RMB 69,652 million (USD 9,784 million), reflecting an increase in short-term investments and capital expenditures[58]. - Cash and cash equivalents, short-term investments, and other financial investments totaled RMB 573,889 million (USD 80,614 million) as of September 30, 2025, down from RMB 597,132 million[101]. Strategic Initiatives - The company is focusing on building an AI technology and infrastructure platform, with AI-related product revenue growing for the ninth consecutive quarter at triple-digit rates[5]. - Instant retail strategy has significantly expanded business scale and improved user experience, with approximately 3,500 Tmall brands integrating their offline stores into the instant retail business by October 31, 2025[9]. - Capital expenditures in AI and cloud infrastructure over the past four quarters amounted to approximately RMB 120 billion[5]. Shareholder Returns - The company repurchased 17 million shares for a total of USD 253 million, with an authorized buyback amount of USD 19.1 billion remaining[15]. - The company repurchased a total of 72,733,488 ordinary shares on the New York Stock Exchange for a total consideration of USD 1.046 billion during the six months ending September 30, 2025[149]. Market Position - Alibaba Cloud holds a 35.8% market share in China's AI cloud market, indicating strong leadership in the sector[14]. - The company completed the sale of 85% equity in Trendyol GO for approximately USD 700 million (RMB 5 billion) in May 2025[139]. Employee Metrics - The total number of employees as of September 30, 2025, was 126,661, up from 123,711 as of June 30, 2025[60].

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。 根據不同投票權架構，我們的股本包括A類普通股及C類普通股。對於提呈我們股東大會的任 何決議案，A類普通股持有人每股可投一票，而C類普通股持有人則每股可投八票，惟法律或 《香港聯合交易所有限公司證券上市規則》或我們的組織章程大綱及細則另行規定者除外。股東 及有意投資者務請留意投資不同投票權架構公司的潛在風險。我們的美國存託股（每股美國存 託股代表一股A類普通股）於美國紐約證券交易所上市，股份代號為NIO。 蔚來集團 （於開曼群島註冊成立以不同投票權控制的有限責任公司） （股份代號：9866） 2025年第三季度業績公告 我們謹此發佈我們截至 2025 年 第 三 季 度 的 未 經 審 計 財 務 業 績（「 2025 年 第三季度業績」）。2025 年第三季度業績可於香港聯合交易所有限公司網 站 www.hkexnews.hk 及本公司網站 ir.nio.com 查閱。 承董事會命 蔚來集團 創始人、董事 ...

Financial Performance - For the six months ending September 30, 2025, the company reported revenue of approximately HKD 391.3 million, an increase of 8.1% from HKD 362.1 million for the same period in 2024[7]. - Gross profit for the same period was approximately HKD 69.0 million, a decrease of 2.5% from HKD 70.7 million in the previous year[7]. - The company recorded a net profit attributable to shareholders of approximately HKD 26.0 million, compared to a net loss of HKD 1.2 million in the same period last year[7]. - Adjusted profit attributable to shareholders, excluding fair value changes, was approximately HKD 6.3 million, down from HKD 9.7 million in the previous year[7]. - The pre-tax profit for the period was approximately HKD 26.8 million, compared to HKD 1.4 million in the same period last year[9]. - Basic and diluted earnings per share for the period were HKD 2.59, compared to a loss per share of HKD 0.12 in the previous year[9]. - Total comprehensive income for the period was HKD 25.9 million, compared to a loss of HKD 1.0 million in the same period last year[9]. - The company reported a profit of HKD 25,988,000 for the six months ended September 30, 2025, compared to a profit of HKD 37,712,000 for the same period in 2024, showing a decline of about 30.9%[15]. - The company reported a profit attributable to owners of approximately HKD 26.0 million in the first half of FY2026, a turnaround from a loss of HKD 1.2 million in the same period of FY2025[58]. Revenue Breakdown - Revenue from cybersecurity products was HKD 154,791,000, slightly up from HKD 153,498,000, while cybersecurity services revenue increased to HKD 236,503,000 from HKD 208,603,000, marking a growth of 13.36%[22][27]. - Revenue increased by approximately 8.1% for the six months ended September 30, 2025, compared to the same period in 2024, driven by strong demand for cybersecurity products and services[47]. - Revenue from the Hong Kong market was HKD 366,266,000, an increase of 10.96% from HKD 330,042,000 in the previous year[30]. - The company’s digital asset financial services and investment business reported no revenue for the period, maintaining focus on cybersecurity offerings[27]. Expenses and Costs - The company’s administrative and other expenses increased to HKD 38.7 million from HKD 36.5 million in the previous year[9]. - The company incurred employee costs totaling HKD 44,342,000, which is a slight increase from HKD 43,858,000 in the prior period[32]. - Distribution and selling expenses decreased by approximately HKD 1.9 million or 9.4% to HKD 18.5 million, attributed to lower marketing staff costs[56]. - Administrative and other expenses increased by approximately HKD 2.2 million or 6.1% to HKD 38.7 million, mainly due to higher administrative staff costs and general operating expenses[57]. Assets and Liabilities - As of September 30, 2025, total assets amounted to HKD 638,994,000, an increase from HKD 599,505,000 as of March 31, 2025, representing a growth of approximately 6.6%[10]. - The company's net cash and cash equivalents at the end of the period were HKD 82,540,000, slightly down from HKD 82,662,000, indicating a decrease of 0.3%[15]. - The net current assets increased to HKD 159,711,000 from HKD 124,038,000, reflecting a significant rise of approximately 28.8%[10]. - Total equity increased to HKD 212,418,000 as of September 30, 2025, up from HKD 186,512,000 as of March 31, 2025, marking an increase of approximately 13.9%[11]. - Non-current liabilities decreased to HKD 216,790,000 from HKD 232,236,000, indicating a reduction of approximately 6.6%[11]. - The asset-to-liability ratio as of September 30, 2025, was approximately 14.9%, down from 20.4% as of March 31, 2025, indicating strong liquidity[61]. Foreign Exchange and Fair Value - The company experienced a foreign exchange loss of HKD 82, compared to a gain of HKD 146 in the previous year[9]. - The company reported a net foreign exchange gain of HKD 934,000 for the six months ended September 30, 2025, compared to a loss of HKD 689,000 in the previous year[31]. - Fair value gains from financial assets amounted to approximately HKD 19.7 million in the first half of FY2026, compared to a loss of HKD 10.9 million in the same period of FY2025[55]. - The strategic investment in Hong Kong Digital Asset Ex Limited (HKbitEX) contributed approximately HKD 17.7 million in fair value gains in the first half of FY2026, reversing a loss of HKD 11.2 million in the previous year[51]. Corporate Governance and Shareholder Information - The audit committee consists of three independent non-executive directors, ensuring compliance with accounting principles and internal controls[96]. - All directors have confirmed compliance with the standard code of conduct during the first half of the 2026 fiscal year[97]. - The controlling shareholders have confirmed adherence to the non-competition agreement since the company's listing[95]. - The company is committed to establishing good corporate governance and has adopted sound governance practices, ensuring compliance with the corporate governance code[100]. - The board believes that the current phase is critical for the company's development, and the CEO is tasked with additional responsibilities to oversee new business areas beyond the core cybersecurity services[101]. - The board considers the dual role of the CEO and Chairman beneficial for efficient business planning and decision-making, despite a deviation from the corporate governance code[101]. Share Incentive Plan - The share incentive plan allows for the issuance of up to 101,225,700 shares, which is approximately 10% of the total issued share capital as of the mid-term report date[75]. - The share incentive plan is effective for a period of ten years from September 1, 2020, with about five years remaining[77]. - The total number of options available for issuance under the share option plan and any other plans of the company as of April 1, 2025, and September 30, 2025, is 101,225,700 shares, representing approximately 10% of the total issued share capital[85]. - During the first half of the fiscal year 2026, no options were granted, vested, exercised, cancelled, or lapsed under the share option plan[86]. - The exercise price of any options granted under the share option plan must not be less than the highest of the closing price on the date of grant or the average closing price over the preceding five trading days[83]. - The share option plan is valid for 10 years and will remain effective until March 22, 2027[85]. - The company has the discretion to set the minimum vesting period for the options granted under the share option plan[84]. - The share option plan allows for the granting of options to qualified participants, including directors, employees, and consultants[81]. - The total number of options granted to directors during the reporting period was 5,500,000[86]. Employee Information - The group has 126 employees as of September 30, 2025, an increase from 121 employees a year earlier[73]. - Employee costs for the first half of the 2026 fiscal year amounted to approximately HKD 44.3 million, compared to HKD 43.9 million in the same period of the previous year[73].

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 118,947,000, a decrease of 24.6% compared to HKD 157,836,000 for the same period in 2024[3] - Gross profit for the same period was HKD 25,341,000, down 16.1% from HKD 30,137,000 in 2024[3] - Net profit for the period was HKD 9,247,000, representing a decline of 16.0% from HKD 11,004,000 in the previous year[4] - Basic and diluted earnings per share decreased to HKD 2.31 from HKD 2.75, reflecting a 16.0% drop[4] - Operating profit before tax for the six months ended September 30, 2025, was HKD 11,717,000, a decrease of 16.2% from HKD 13,983,000 in the same period of 2024[8] - Revenue from wine products decreased to HKD 105,202,000, down 22.1% from HKD 134,875,000 in the prior year[15] - Profit for the period was approximately HKD 9.2 million, down from about HKD 11.0 million in the previous period, mainly due to a decline in group revenue[42] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 359,787,000, an increase from HKD 341,113,000 as of March 31, 2025[5] - Non-current assets totaled HKD 140,703,000, slightly down from HKD 141,934,000[6] - The company’s net asset value increased to HKD 343,469,000 from HKD 334,226,000, reflecting a growth of 2.4%[6] - The company’s cash and cash equivalents decreased significantly to HKD 4,527,000 from HKD 129,082,000, indicating a decline of 96.5%[5] - The company raised new bank borrowings amounting to HKD 120,711,000, compared to HKD 74,976,000 in the previous period, indicating a strategy to enhance liquidity[9] - The debt-to-equity ratio was approximately 42.4% as of September 30, 2025, compared to about 41.0% as of March 31, 2025[44] Inventory and Cash Flow - Inventory increased significantly to HKD 216,640,000 from HKD 121,214,000, indicating a rise of 78.8%[5] - Cash flow from operating activities showed a net outflow of HKD 127,171,000, compared to a net inflow of HKD 2,321,000 in the previous year, indicating a significant decline in operational cash generation[9] - The increase in inventory was HKD 95,426,000, significantly higher than HKD 31,570,000 in the previous year, indicating potential overstocking issues[9] - Cash and cash equivalents at the end of the period were HKD 4,527,000, a decrease from HKD 129,082,000 at the beginning of the period[9] Expenses and Cost Management - Cost of sales decreased by approximately 26.7% from about HKD 127.7 million to approximately HKD 93.6 million during the same period, directly related to the decline in revenue[34] - Gross profit fell by approximately 15.9% from about HKD 30.1 million to approximately HKD 25.3 million, with gross margins of approximately 19.1% and 21.3% for the respective periods[35] - Selling and distribution expenses decreased from approximately HKD 6.9 million to about HKD 5.8 million, attributed to ongoing cost reduction measures despite some offset from increased depreciation[38] - The total employee costs for the period were approximately HKD 4.354 million, down from HKD 4.756 million in the previous period[22] - Administrative expenses decreased from approximately HKD 5.9 million to about HKD 5.4 million, primarily due to reduced depreciation and ongoing cost-cutting measures[39] Financing and Governance - The company reported a financing cost of HKD 3,171,000, down 32.1% from HKD 4,673,000 in the previous year[3] - Financing costs reduced from approximately HKD 4.7 million to about HKD 3.2 million, mainly due to lower bank loan interest compared to the same period last year[40] - Income tax expenses decreased by approximately 17.1% from about HKD 3.0 million to approximately HKD 2.5 million, attributed to a decrease in estimated taxable profits[41] - The company has implemented a prudent treasury policy to manage credit risk and ensure liquidity[45] - The company has adopted a code of conduct for securities trading, confirming compliance by all directors during the period[71] - The company has adhered to all applicable principles of the corporate governance code, except for the separation of roles between the chairman and CEO[72] Shareholder Information - As of September 30, 2025, the company has issued a total of 400,000,000 shares, with Ms. Wang Zilu holding 280,000,000 shares, representing a 70% ownership stake[56] - The company did not declare or recommend any dividends for the current period, consistent with the previous period[26] - The total number of employees remained at 33, with total employee benefits expenses of approximately HKD 4.4 million for the period[54] - The company has not purchased, sold, or redeemed any of its listed securities during the period up to the announcement date[69] - There are no interests held by directors or major shareholders in any competing businesses that could lead to conflicts of interest[70] Business Development - The company is actively exploring new business opportunities, including promotional and marketing services for alcoholic beverage brands and products[32] - The company is actively seeking additional business opportunities, including expanding its alcoholic beverage product range and providing promotional services for brand owners[55] - The company has no significant investments or acquisitions during the reporting period[48][49]