Financial Performance - Total net revenue for Q3 2025 was RMB 2,156.2 million (USD 302.9 million), an increase of 4.8% year-over-year from RMB 2,057.0 million[9]. - Operating loss narrowed significantly to RMB 25.6 million (USD 3.6 million), compared to RMB 114.5 million in the same period last year, with an operating loss margin of 1.2% versus 5.6% in Q3 2024[9]. - Net loss attributable to ordinary shareholders was RMB 107.1 million (USD 15.0 million), compared to RMB 88.1 million in Q3 2024[13]. - Non-GAAP net loss attributable to ordinary shareholders was RMB 40.2 million (USD 5.7 million), improving from RMB 66.8 million in the same quarter last year[13]. - Basic and diluted net loss per American depositary share was RMB 1.85 (USD 0.26), compared to RMB 1.48 in Q3 2024[13]. - The company reported a total operating expense of RMB 2,181,851 for the three months ended September 30, 2025, compared to RMB 2,171,502 for the same period in 2024[52]. - Cumulative losses as of September 30, 2025, totaled RMB 895,928, compared to RMB 691,785 as of December 31, 2024[50]. E-commerce Business - Adjusted operating profit for the e-commerce business was RMB 28.1 million (USD 3.9 million), improving from an adjusted operating loss of RMB 29.8 million in Q3 2024[13]. - E-commerce service revenue increased by 6.3% to RMB 1,390 million, driven by a 15.5% increase in online store operation revenue[15]. - E-commerce product sales revenue was RMB 413.4 million (USD 58.1 million), a decrease of 8.9% from RMB 454.0 million year-over-year, primarily due to declines in small appliances and health products[18]. - E-commerce business net revenue for Q3 2024 was RMB 1,757,320, increasing to RMB 1,798,654 in Q3 2025, representing a growth of approximately 2.2%[32]. - Adjusted operating loss for the e-commerce business improved from RMB 29,781 in Q3 2024 to a profit of RMB 28,090 in Q3 2025[32]. Brand Management Business - Brand management business revenue grew by 20% year-over-year, reaching RMB 396.0 million, with a total of 171 offline stores managed as of Q3 2025[16]. - Adjusted operating loss for the brand management business improved by 30% year-over-year to RMB 38.7 million (USD 5.4 million) from RMB 55.3 million[13]. - Brand management product sales revenue increased by 19.8% to RMB 395.2 million (USD 55.5 million) from RMB 329.8 million in the same period last year, attributed to improved marketing initiatives for the Gap brand[18]. - Brand management segment net revenue rose from RMB 330,605 in Q3 2024 to RMB 395,961 in Q3 2025, reflecting an increase of about 19.8%[32]. Strategic Initiatives - The company reported a strategic transformation that has led to improved operational efficiency and financial performance in both e-commerce and brand management sectors[6]. - The company plans to continue optimizing product offerings and marketing strategies to drive future growth in both e-commerce and brand management segments[18]. - The company has a strong focus on sustainable business development and technology-driven solutions[42]. Assets and Liabilities - As of December 31, 2024, the total assets of Baozun e-Commerce Co., Ltd. amounted to RMB 10,207,001,000, an increase from RMB 9,790,022,000 as of September 30, 2025[47]. - Total liabilities were reported at RMB 4,426,422,000 as of December 31, 2024, a decrease from RMB 4,268,378,000 as of September 30, 2025[48]. - The company's cash and cash equivalents stood at RMB 1,289,323,000 as of December 31, 2024, compared to RMB 1,125,514,000 on September 30, 2025[47]. - The net accounts receivable was RMB 2,033,778,000 as of December 31, 2024, showing a slight increase from RMB 1,970,416,000 on September 30, 2025[47]. Conference and Reporting - The company will hold an earnings conference call on November 25, 2025, at 6:30 AM EST[34]. - The company utilizes non-GAAP financial measures to assess business performance, including adjusted operating profit and net profit[36]. - The adjusted operating profit margin is defined as the adjusted operating profit as a percentage of total net revenue[37]. - The company emphasizes that non-GAAP measures provide useful information for investors to understand and evaluate its current operating performance and future prospects[38].

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。 SH GROUP (HOLDINGS) LIMITED 順 興 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：1637） 截至二零二五年九月三十日止六個月 中期業績公告 財務摘要 （截至二零二五年九月三十日止六個月） – 1 – – 收益約為1億6,460萬港元（二零二四年：3億3,000萬港元） – 毛利約為280萬港元（二零二四年：毛損120萬港元） – 本公司擁有人應佔期內虧損約為390萬港元（二零二四年：870萬港元） – 每股基本虧損約為每股1.0港仙（二零二四年：每股2.2港仙） 中期業績 順興集團（控股）有限公司（「本公司」）董事（「董事」）會（「董事會」）呈報本公司及其附屬公 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」）的未經審核簡明綜合 中期業績，連同截至二零二四年九月三十日止六個月（「上一期間」）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。 ASIA COMMERCIAL HOLDINGS LIMITED 冠亞商業集團有限公司 * （於百慕達註冊成立之有限公司） （股份代號：104） 截至二零二五年九月三十日止六個月 未經審核中期業績公告 財務摘要 | 二零二五年 | 截至九月三十日止六個月 二零二四年 | 變動 | | --- | --- | --- | | 千港元 | 千港元 | 百分比 | | （未經審核） | （未經審核） | | 經營 | 歸屬於本公司持有人之溢利 | 32,804 | 35,816 | (8) | | --- | --- | --- | --- | | 營業收入 | 308,764 | 337,849 | (9) | 每股盈利 | | | | 於二零二五年 | 於二零二五年 | | | --- | --- | --- | | 九月三十日 | 三月三十一日 | 變動 | | 百萬港元 | 百萬港元 | 百分比 | | ...

Echo International Holdings Group Limited 毅 高（國際）控股集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8218） 截 至 二 零 二 五 年 九 月 三 十 日 止 六 個 月 中 期 業 績 公 佈 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）GEM之 特 色 GEM的 定 位，乃 為 中 小 型 公 司 提 供 一 個 上 市 的 市 場，此 等 公 司 相 比 起 其 他 在 聯 交 所 上 市 的 公 司 帶 有 較 高 投 資 風 險。有 意 投 資 的 人 士 應 了 解 投 資 於 該 等 公 司 的 潛 在 風 險，並 應 經 過 審 慎 周 詳 的 考 慮 後 方 作 出 投 資 決 定。 由 於GEM上 市 公 司 普 遍 為 中 小 型 公 司，在GEM買 賣 的 證 券 可 能 會 較 於 主 板 買 賣 之 證 券 承 受 較 大 的 市 場 波 動 風 險，同 時 無 法 保 證 在GEM買 賣 的 證 券 會 有 高 流 通 量 的 市 場。 香 港 交 易 及 結 算 所 有 限 公 司 以 及 聯 交 ...

Financial Performance - Revenue for the six months ended September 30, 2025, was RMB 68,818,000, a decrease of 34% compared to RMB 104,254,000 for the same period in 2024[3] - Profit before tax for the same period was RMB 18,967,000, down 56% from RMB 42,706,000 in 2024[3] - The company's net profit attributable to equity holders was RMB 10,042,000, a decline of 51% from RMB 20,575,000 in the previous year[3] - The basic and diluted earnings per share decreased to RMB 2.0, down 51% from RMB 4.1 in 2024[3] - The total comprehensive income for the period was RMB 10,414,000, down from RMB 20,642,000 in the previous year[10] - The company reported a gross profit of RMB 37,626,000, a decrease from RMB 63,641,000 in the same period last year[6] - The total tax expense for the six months ended September 30, 2025, was RMB 8,925,000, compared to RMB 22,131,000 for the same period in 2024[23] - The company issued a profit warning indicating that profit attributable to equity holders is expected to decline by approximately 50% compared to the previous year, primarily due to fluctuations in the real estate market and a decrease in the fair value of investment properties[33] Asset and Equity Position - Non-current assets as of September 30, 2025, totaled RMB 313,395,000, an increase from RMB 273,939,000 as of March 31, 2025[4] - Current assets amounted to RMB 1,073,718,000, slightly down from RMB 1,080,029,000 as of March 31, 2025[4] - Total equity as of September 30, 2025, was RMB 870,559,000, compared to RMB 860,145,000 as of March 31, 2025[5] - The company recorded a fair value loss of RMB 1,973,000 due to the transfer of certain shops from inventory to investment properties, reflecting a strategic adjustment in asset allocation[31] - As of September 30, 2025, the company's land reserves were approximately 226,292 square meters, down from 230,791 square meters as of March 31, 2025[31] - The net asset liability ratio was not applicable as of September 30, 2025, due to a net cash position[40] Project Developments - The company delivered 33 units from the Dongguan Jiahui Haoting Phase IV residential project, generating revenue of RMB 56,214,000, with an average selling price of approximately RMB 18,900 per square meter[31] - The company also delivered 5 units from the Dongguan Jiahui Haoting Phase V residential project, generating revenue of RMB 12,328,000, with an average selling price of approximately RMB 19,100 per square meter[31] - The group has initiated a night tour project at Longfeng Mountain Villa, expected to generate stable revenue upon full operation in 2025[36] - The group signed a contract with Shenzhen Guangying Century Technology Co., Ltd. to enhance the cultural tourism experience at Longfeng Mountain Villa[35] Strategic Initiatives - The group aims to diversify its asset allocation to improve overall financial performance amid reliance on mainland real estate development[34] - The group plans to optimize project design to meet regulatory requirements and address climate change impacts on real estate development[10] - The group is committed to prudent cash management policies to seize future growth opportunities[39] - The group has a strong cash position to support current operations and potential strategic investments[41] Corporate Governance - The group has established a performance-based bonus system to incentivize high-performing employees[47] - The company has adopted strict procedures to regulate directors' securities trading in compliance with the Listing Rules Appendix C3[51] - All directors have confirmed compliance with the standards set forth in the Standard Code during the relevant period[51] - The interim report for the period ending September 30, 2025, will be published on the Stock Exchange and the company's website as required by the Listing Regulations[52] - The executive directors of the company include Mr. He Wenzhong, Mr. He Weihang, Ms. Yao Yuefeng, and Mr. Zhu Nianhua[53] - The non-executive directors include Mr. He Zhuohui and Ms. He Manrao[53] - Independent non-executive directors consist of Mr. Cai Weixuan, Mr. Ren Zhongcheng, and Ms. Liang Wenli[53] Dividend Policy - The company did not recommend any interim dividend for the six months ended September 30, 2025, consistent with the previous year[29]

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。 MOBICON GROUP LIMITED 萬保剛集團有限公司 * （於百慕達註冊成立之有限公司） （股份代號：1213） 截至二零二五年九月三十日止六個月之中期業績公佈 業 績 萬 保 剛 集 團 有 限 公 司（「本 公 司」）董 事 會（「董 事 會」）謹 此 公 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（「該 期 間」）之 未 經 審 核 中 期 綜 合 業績，連同二零二四年同期之比較數字。該等未經審核中期業績並未經本公司核 數師審核，惟已經由本公司之審核委員會審閱。 * 僅供識別 – 1 – – 2 – 簡明綜合中期全面收益表 截至二零二五年九月三十日止六個月 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 | ...

Financial Performance - For the six months ended September 30, 2025, the group's revenue was approximately HKD 160.08 million, a decrease of about HKD 40 million or 20.0% compared to HKD 200.08 million for the same period in 2024[3] - The loss attributable to the company's owners for the six months ended September 30, 2025, was approximately HKD 0.3 million, compared to a loss of HKD 0.6 million for the same period in 2024[3] - Total revenue for the six months ended September 30, 2025, was HKD 160,080,000, a decrease of approximately HKD 40,000,000 or 20.0% compared to HKD 200,076,000 for the same period in 2024[28] - The group recorded a loss of HKD 335,000 for the six months ended September 30, 2025, compared to a loss of HKD 630,000 for the same period in 2024[20] - The company's basic and diluted loss per share for the six months ended September 30, 2025, was HKD 0.08, compared to HKD 0.16 for the same period in 2024[4] Assets and Liabilities - Total non-current assets as of September 30, 2025, amounted to HKD 132.07 million, down from HKD 156.29 million as of March 31, 2025[5] - Current assets totaled HKD 322.59 million as of September 30, 2025, compared to HKD 314.99 million as of March 31, 2025[5] - The total liabilities for current liabilities were HKD 262.67 million as of September 30, 2025, slightly down from HKD 263.85 million as of March 31, 2025[6] - The total equity as of September 30, 2025, was HKD 147.37 million, slightly down from HKD 147.56 million as of March 31, 2025[6] - Trade receivables at the end of the reporting period were HKD 2,695,000, down from HKD 3,888,000 as of March 31, 2025[22] - Trade payables at the end of the reporting period totaled HKD 9,376,000, an increase from HKD 6,336,000 as of March 31, 2025[24] Revenue Breakdown - Revenue from external customers in Hong Kong was HKD 158.85 million for the six months ended September 30, 2025, compared to HKD 195.04 million for the same period in 2024[12] - Revenue from external customers in Mainland China was HKD 1.23 million for the six months ended September 30, 2025, down from HKD 5.04 million for the same period in 2024[12] - Revenue from medical consultation services remained stable at HKD 2,000 for both periods, while revenue from skincare products decreased from HKD 29,336,000 to HKD 18,477,000[15] Expenses and Cost Management - Employee costs decreased by approximately HKD 12.1 million or 16.3% to about HKD 62.1 million during the review period, primarily due to operational efficiency improvements[30] - Property rental and related expenses reduced by approximately HKD 4.1 million or 14.2% to about HKD 24.8 million, mainly due to optimized sales network and better lease terms[31] - Other net expenses decreased by approximately HKD 12.4 million or 24.1% to about HKD 39 million, attributed to enhanced operational efficiency and effective cost control[33] - The cost of inventory and consumables for the current and prior periods was approximately HKD 22,110,000 and HKD 25,400,000, representing 13.8% and 12.7% of total revenue, respectively[29] - Depreciation of property, plant, and equipment was HKD 13,873,000 for the six months ended September 30, 2025, down from HKD 19,259,000 in 2024[16] Dividends and Shareholder Returns - The board did not declare an interim dividend for the six months ended September 30, 2025, consistent with the previous period[3] - The group did not declare any interim dividends for the six months ended September 30, 2025, consistent with the previous year[19] Strategic Outlook - The group plans to continue enhancing operational efficiency and resource allocation to maintain stability and growth amid economic uncertainties[25] - The group aims to leverage its brand strength and service quality to provide better customer experiences and greater value for stakeholders in the upcoming period[27] - The company plans to adopt a cautious and prudent operational strategy in response to structural changes in the consumer market[49] Financial Health - As of September 30, 2025, the company maintained a healthy financial position with cash and cash equivalents of approximately HKD 186.6 million[38] - The debt-to-equity ratio as of September 30, 2025, was approximately 1.7%, down from 4.0% as of March 31, 2025[43] - The company has no significant contingent liabilities or guarantees as of September 30, 2025[41] - The company has not made any significant investments or acquisitions during the review period[46] Corporate Governance - The audit committee has been established in accordance with the listing rules and corporate governance code, consisting of three independent non-executive directors[54] - The audit committee is chaired by Mr. Zheng Yuhua, who has suitable accounting and financial management expertise[54] - The financial information for the review period has not been reviewed by the independent auditor but has been reviewed by the audit committee[54] - The board of directors includes three executive directors and three independent non-executive directors as of the announcement date[55] Workforce - The company employed a total of 255 employees as of September 30, 2025, compared to 242 employees in the previous year[47]

Financial Performance - The company's revenue for the six months ended September 30, 2025, was HKD 16,962,000, a decrease of 36.5% compared to HKD 26,725,000 for the same period in 2024[6] - Total income, including other income, was HKD 17,249,000, down 37.0% from HKD 27,361,000 year-on-year[6] - The company reported a loss before tax of HKD 9,256,000, compared to a profit of HKD 1,044,000 in the previous year[6] - The net loss attributable to shareholders for the period was HKD 9,364,000, compared to a profit of HKD 931,000 in the same period last year[6] - Basic and diluted loss per share was HKD 1.17, compared to earnings of HKD 0.12 per share in the prior year[6] - For the six months ended September 30, 2025, the company reported commission income from futures non-settlement brokerage of HKD 16,962,000, a decrease of 36.8% compared to HKD 26,725,000 for the same period in 2024[16] - The company recorded a loss of approximately HKD 9.4 million for the six months ended September 30, 2025, compared to a profit of HKD 0.1 million for the same period in 2024[45] Cash Flow and Assets - Cash and cash equivalents decreased to HKD 55,057,000 from HKD 60,396,000 at the end of March 2025[9] - Non-current assets decreased significantly from HKD 5,955,000 to HKD 1,509,000, primarily due to impairment losses recognized[7] - Operating cash flow before working capital changes was negative at HKD 4,955,000, compared to positive cash flow of HKD 1,189,000 in the previous year[9] - The company's cash and bank balances were approximately HKD 55.1 million as of September 30, 2025, down from HKD 60.4 million as of March 31, 2025[47] - Trade receivables as of September 30, 2025, amount to HKD 6,551,000, slightly down from HKD 6,655,000 as of March 31, 2025[29] Equity and Liabilities - The company's total equity decreased to HKD 76,336,000 from HKD 85,700,000, reflecting a decline in retained earnings[7] - The total lease liabilities as of September 30, 2025, amount to approximately HKD 3,453,000, a decrease from HKD 4,043,000 as of March 31, 2025[26] - The company had no interest-bearing debt as of September 30, 2025, indicating a debt-free status[47] Operational Focus and Strategy - The company plans to focus on cost management and operational efficiency to improve financial performance in the upcoming periods[5] - The company’s operational focus remains on providing brokerage services, with all assets and major revenues sourced from Hong Kong[17] - The decrease in revenue was primarily attributed to reduced trading volumes on the Hong Kong Stock Exchange and in over-the-counter transactions[39] Employee and Expenses - Employee costs decreased from approximately HKD 17.3 million for the six months ended September 30, 2024, to approximately HKD 15.4 million for the same period in 2025, a reduction of about 11.0%[41] - Other operating expenses fell from approximately HKD 8.2 million to approximately HKD 6.5 million, a decline of about 20.7%, primarily due to decreases in settlement and error expenses[43] Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules during the six months ending September 30, 2025[70] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2025[74] - The audit committee's main responsibilities include reviewing financial information, risk management, and internal control systems[73] Share Capital and Dividends - The company’s issued share capital is HKD 8 million, consisting of 800,000,000 ordinary shares with a par value of HKD 0.01 each[50] - The board has resolved not to declare an interim dividend for the six months ended September 30, 2025[60] - The company did not declare or propose any dividends for the six months ended September 30, 2025, consistent with the previous year[22] Future Outlook - The company has no future significant investment or capital asset plans as of September 30, 2025[54] - There are no known significant matters related to the group's business or financial performance after the reporting date[53]

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，對其準確性及完整性 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 的任何損失承擔任何責任。 AMS PUBLIC TRANSPORT HOLDINGS LIMITED 進智公共交通控股有限公司 ( 於開曼群島註冊成立之有限公司 ) (股份代號: 77) 進智公共交通控股有限公司（「本公司」）董事會（「董事會」）謹此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之未經審核簡明綜合中期業績，連同二零二四年同期之未經 審核比較數字。未經審核簡明綜合中期財務資料已由本公司核數師及審核委員會（「審核委員會」）審閱。 簡明綜合收益表 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 | | | | 未經審核 | 未經審核 | | | 附註 | 千港元 | 千港元 | | 收益 | 4 | 214,142 | 201,360 | | 直接成本 | | (177, ...

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。 （於開曼群島註冊成立之有限公司） （股份代號：8117） 有關截至二零二四年十二月三十一日止年度之年報之 補充公告 茲提述中國基礎能源控股有限公司（「本公司」）截至二零二四年十二月三十一日止 年度之年報（「二零二四年年報」）。除非文義另有所指，否則於本公告內所採用之 詞彙與二零二四年年報所界定者具有相同涵義。 馬爭 香港，二零二五年十一月二十五日 於本公告日期，董事會由執行董事馬爭女士及袁賡先生，非執行董事吉江華先生， 及獨立非執行董事温子勳先生、鍾展強先生及宋仁克先生組成。 根據購股權計劃的規則， (a) 購股權可於董事會於提出授出購股權建議時為各承授人釐定及指明的期間內， 隨時全部或部分行使，惟無論如何不得遲於授出日期起計十年，惟須受購股 權計劃提前終止之規限； 1 承董事會命 中國基礎能源控股有限公司 主席 除二零二四年年報所載列董事會報告「購股權」一節及財務報表附註33下所披露者 外，本公司有意根 ...