二零二五年中期業績報告 Interim Report 2025 (incorporated in the Cayman Islands with limited liability) (Stock Code: 8060) GLOBAL LINK COMMUNICATIONS HOLDINGS LIMITED 香港聯合交易所有限公司（「聯交所」）GEM 的特色 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市場。 GLOBAL LINK COMMUNICATIONS HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） （股票編號:8060） 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並表明不會就因本報告全部或任何部分內容而產生或因依賴該等內容而引 致 ...

股份代號：277 STOCK CODE: 277 2025/2026 中期報告 2025/2026 INTERIM REPORT 公司資料 董事會 執行董事 陳恩蕙 （聯席主席兼聯席董事總經理） 陳恩霖 （聯席主席兼聯席董事總經理） 陳恩典 獨立非執行董事 陳國偉 張頌慧 謝禮恒 審核委員會 陳國偉 （主席） 張頌慧 謝禮恒 薪酬委員會 陳國偉 （主席） 陳恩典 謝禮恒 提名委員會 陳國偉 （主席） 陳恩蕙 謝禮恒 來往銀行 瑞銀集團 恒生銀行有限公司 東亞銀行有限公司 南洋商業銀行有限公司 註冊辦事處 香港 皇后大道中237號 太興中心第一座26樓 股份過戶登記處 香港中央證券登記有限公司 香港灣仔 皇后大道東183號合和中心 17樓1712-1716室 公司秘書 李嘉文ACG、HKACG 核數師 國衛會計師事務所有限公司 香港中環 畢打街11號置地廣場 告羅士打大廈31樓 律師 胡關李羅律師行 網址 www.tern.com.hk 股份代號 277 – 1 – 太興置業有限公司（「本公司」）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未經審核之簡明綜合財務業績連同上年 ...

Revenue Performance - For the six months ended September 30, 2025, total revenue was HK$33,462,000, a decrease of 2.8% compared to HK$34,437,000 for the same period in 2024[17]. - Sales of alcoholic beverages contributed HK$9,907,000, up from HK$9,701,000, reflecting a growth of 2.1%[17]. - Loan financing services generated revenue of HK$23,555,000, down 4.8% from HK$24,736,000 in the previous year[17]. - Other income decreased to HK$865,000 from HK$2,115,000, a decline of 59.1%, impacting overall profitability[17]. - The Group's revenue for the six months ended 30 September 2025 decreased by approximately 2.6% to approximately HK$33.5 million compared to HK$34.4 million in 2024[175]. - Revenue from the Loan Financing Business decreased by approximately 4.5% to approximately HK$23.6 million, down from HK$24.7 million in 2024, with a segment profit decrease of approximately 37.0% to HK$7.5 million[179]. - Revenue from the Wine Business increased by approximately 2.1% to approximately HK$9.9 million, up from HK$9.7 million in 2024, but the segment loss increased by approximately 107.7% to HK$2.7 million[178]. Financial Losses - Loss before tax for the period was HK$4,778,000, compared to a loss of HK$2,377,000 in the same period last year[17]. - The loss for the period amounted to HK$6,268,000, compared to a loss of HK$5,298,000 in the previous year, indicating a worsening financial position[17]. - For the six months ended September 30, 2025, the loss attributable to owners of the Company was HK$9,646,000, compared to a loss of HK$6,885,000 for the same period in 2024, representing an increase in loss of approximately 40.5%[18]. - The net loss for the period attributable to the owners of the Company was HK$9,646,000, compared to a loss of HK$6,885,000 in the previous year, representing an increase in loss of 40.5%[78]. - The Group's loss for the Period was approximately HK$6.3 million, an increase of approximately HK$1.0 million compared to the loss of HK$5.3 million in 2024[176]. Impairment and Credit Risk - The net impairment recognized on loan and interest receivables rose significantly to HK$8,110,000 from HK$3,903,000, indicating increased credit risk[17]. - The Group recognized an increase in net impairment on loan and interest receivables of approximately HK$4.2 million during the Period[176]. - A net impairment loss of approximately HK$8.1 million was recognized during the period, compared to HK$3.9 million in 2024[188][191]. - The Group employs an Expected Credit Loss (ECL) model for impairment assessment, considering historical default experience and future macro-economic conditions[186][189]. Assets and Liabilities - Non-current assets increased to HK$43,439,000 as of September 30, 2025, up from HK$21,703,000 as of March 31, 2025, reflecting a growth of approximately 100.5%[19]. - Current assets decreased to HK$302,268,000 from HK$315,284,000, a decline of about 4.1%[19]. - Net current assets decreased to HK$107,087,000 from HK$127,703,000, representing a decrease of approximately 16%[20]. - Total consolidated assets increased to HK$345,707,000 from HK$336,987,000, marking a growth of 3.43%[57]. - Total segment assets as of September 30, 2025, were HK$280,565,000, down from HK$305,320,000 as of March 31, 2025[57]. - The total loan and interest receivables decreased to HK$253,745,000 as of September 30, 2025, down 8.3% from HK$276,805,000 as of March 31, 2025[82]. - The Group held collaterals valued at approximately HK$249,443,000 as of September 30, 2025, a decrease from HK$338,580,000 as of March 31, 2025[86]. Cash Flow and Financing - Net cash from operating activities increased to HK$36,958,000 for the six months ended September 30, 2025, compared to a net cash outflow of HK$16,874,000 in the same period of 2024[27]. - Cash and cash equivalents at the end of the period rose to HK$55,819,000, up from HK$13,316,000 at the end of the previous year[27]. - The Group's net cash used in financing activities decreased to HK$4,445,000 from HK$7,620,000 year-over-year[27]. - The Company’s bank balances and cash increased significantly to HK$55,819,000 from HK$22,316,000, marking an increase of approximately 150%[19]. Share Options and Equity - The Company reported a basic and diluted loss per share of HK$1.55 for the period, compared to HK$1.10 in the previous year, reflecting an increase in loss per share of approximately 41%[18]. - The total remuneration for directors and key management during the six months ended September 30, 2025, is HK$1,836,000, a decrease of 42.9% from HK$3,183,000 in the same period of 2024[135]. - The company has issued a total of 623,127,227 ordinary shares as of September 30, 2025, maintaining the same number since April 1, 2024[128]. - The total number of share options outstanding as of April 1, 2025, was 48,470,000, which decreased to 48,250,000 by September 30, 2025[167]. - The weighted average exercise price of the share options as of September 30, 2025, was HK$11.8[167]. Corporate Governance and Compliance - The Group's financial statements are prepared in accordance with Hong Kong Accounting Standards and comply with the GEM Listing Rules[33]. - The interim financial statements have not been reviewed or audited by the independent auditor but have been reviewed by the audit committee[38]. - The Group has applied new amendments to HKFRS Accounting Standards, which had no material impact on financial performance for the current and prior periods[37].

Altus Holdings Limited 浩德控股有限公司 於開曼群島註冊成立之有限公司 股份代號 : 8149 2026 財政年度中期報告 香港聯合交易所有限公司（「聯交所」）GEM特色 GEM之定位乃為較其他於聯交所上市的公司帶有較高投資風險的中小型公司提供一個上市市 場。有意投資者應了解投資於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。 由於GEM上市公司一般為中小型公司，於GEM買賣的證券可能會較於主板買賣的證券承受較 大的市場波動風險，同時無法保證於GEM買賣的證券會有高流通量的市場。 本報告（浩德控股有限公司（「本公司」）各董事（「董事」）共同及個別對此負全責）乃遵照聯交所 GEM證券上市規則（「GEM上市規則」）的規定而提供有關本公司的資料。董事經作出一切合理 查詢後確認，就彼等所深知及確信，本報告所載資料在各重大方面均屬準確及完整，且無誤導 或欺詐成分；及並無遺漏任何其他事項致使本報告或其所載任何陳述產生誤導。 － 於二零二五年九月三十日之日圓兌港元匯率高於二零二五年三月三十一日。因此，本集 團於二零二六財政年度上半年就日本境外業務換算產生匯兌收益5,300,000港元。 － ...

KPa-BM Holdings Limited 應力控股有限公司* (於開曼群島註冊成立之有限公司) Stock code 股份代號：2663 (incorporated in the Cayman Islands with limited liability) INTERIM REPORT 中 期 報 告 2025/26 * 僅供識別 CONTENTS 目錄 Corporate Information 公司資料 2 Management Discussion and Analysis 管理層討論及分析 4 Unaudited Condensed Consolidated Interim Financial Information 未經審核簡明綜合中期財務資料 15 Condensed Consolidated Statement of Comprehensive Income 簡明綜合全面收益表 13 Condensed Consolidated Statement of Financial Position 簡明綜合財務狀況表 14 Condensed Consolidated Statement of ...

主要物業摘要 CORPORATE INFORMATION 公司資料 CONTENTS 目錄 | Corporate Information | 2 | | --- | --- | | 公司資料 | | | Management Discussion and Analysis | 5 | | 管理層之討論及分析 | | | Financial Review | 17 | | 財務回顧 | | | Other Information | 27 | | 其他資料 | | | Condensed Consolidated Statement of Profit or Loss | 35 | | 簡明綜合損益表 | | | Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | 36 | | 簡明綜合損益及其他全面收益表 | | | Condensed Consolidated Statement of Financial Position | 37 | | 簡明綜合財務狀況表 | | | Condensed ...

Financial Performance - Revenue for the six months ended September 30, 2025, was RMB 495,447 million (USD 69,595 million), representing a 3% increase compared to RMB 479,739 million in the same period of 2024[7] - Adjusted EBITDA for the same period was RMB 62,991 million (USD 8,848 million), reflecting a 36% decrease year-over-year[7] - Operating profit decreased to RMB 40,353 million (USD 5,668 million), a decline of 43% compared to the previous year[7] - Net profit attributable to ordinary shareholders was RMB 64,106 million (USD 9,005 million), down 6% year-over-year[7] - The adjusted EBITDA margin decreased from 21% to 13%[7] - The diluted earnings per share decreased to RMB 3.34 (USD 0.47), a decline of 5% compared to the previous year[7] - The company reported a significant decrease in adjusted EBITA, which contributed to the overall decline in operating profit[7] - The adjusted EBITA for the six months ended September 30, 2025, was RMB 47,917 million (USD 6,731 million), a decrease of 44% compared to RMB 85,596 million in the same period of 2024, mainly due to investments in instant retail, user experience, and technology[34] - The total comprehensive income for the six months ended September 30, 2025, was RMB 57,874 million, down from RMB 64,280 million in 2024, a decrease of approximately 9.5%[146] Revenue Breakdown - Alibaba's e-commerce business revenue for the six months ended September 30, 2025, was RMB 221,510 million (USD 31,116 million), an increase of 9% compared to RMB 202,988 million in the same period of 2024[12] - Customer management revenue grew by 10%, primarily due to an increase in the take rate[13] - Instant retail revenue reached RMB 37,690 million (USD 5,294 million), a significant increase of 37% compared to RMB 27,517 million in the same period of 2024, driven by the launch of "Taobao Flash Sale"[15] - The revenue from the cloud intelligence group was RMB 73,222 million (USD 10,285 million), representing a 30% increase from RMB 56,159 million in the same period of 2024, mainly due to growth in public cloud services[22] - International retail business revenue increased by 15% to RMB 56,463 million (USD 7,931 million) compared to RMB 49,309 million in the same period of 2024, driven by growth from AliExpress and other international operations[19] - The international wholesale business revenue grew by 12% to RMB 13,077 million (USD 1,837 million) from RMB 11,656 million in the same period of 2024, mainly due to increased revenue from value-added services related to cross-border business[20] Expenses and Costs - Operating costs for the six months ended September 30, 2025, were RMB 287,210 million (USD 40,344 million), accounting for 58.0% of revenue, down from 60.5% in the same period of 2024, primarily due to the disposal of low-margin direct operations and improved operational efficiency[27] - Product development expenses for the six months ended September 30, 2025, were RMB 32,096 million (USD 4,509 million), representing 6.5% of revenue, an increase from 5.7% in the same period of 2024, attributed to increased investment in technology development[27] - Sales and marketing expenses for the six months ended September 30, 2025, were RMB 119,674 million (USD 16,811 million), accounting for 24.2% of revenue, up from 13.6% in the same period of 2024, mainly due to investments in user experience for Alibaba's China e-commerce group[28] - General and administrative expenses for the six months ended September 30, 2025, were RMB 14,778 million (USD 2,076 million), representing 3.0% of revenue, down from 4.8% in the same period of 2024, primarily due to improved cost control measures[28] Cash Flow and Investments - Net cash flow from operating activities for the six months ended September 30, 2025, was RMB 30,771 million (USD 4,322 million), a 53% decrease from RMB 65,074 million in 2024[47] - Free cash flow for the six months ended September 30, 2025, was an outflow of RMB 40,655 million (USD 5,711 million), compared to an inflow of RMB 31,107 million in 2024[47] - The net cash flow used in investing activities for the six months ended September 30, 2025, was RMB 51,324 million (USD 7,209 million), primarily reflecting capital expenditures of RMB 70,177 million (USD 9,858 million) and an increase in short-term investments and other financial investments of RMB 11,119 million (USD 1,562 million), partially offset by net cash inflows from investment and acquisition activities of RMB 29,710 million (USD 4,173 million)[48] - The company believes its current cash levels and operating cash flow are sufficient to meet anticipated cash needs over the next 12 months[64] Debt and Financing - The company issued zero-coupon convertible bonds totaling approximately HKD 12 billion due in 2032 in July 2025[64] - In September 2025, the company issued zero-coupon unsecured senior notes totaling approximately $3.2 billion due in 2032[64] - The syndicated loan size was reduced from $4 billion to $3.17 billion after repaying $830 million in January 2025[65] - The interest rate for the revised loan agreement was lowered to SOFR plus 66 basis points, effective November 28, 2025[65] - The maturity date for the revolving credit facility was extended to September 30, 2028, with an option to further extend to September 30, 2030[65] Corporate Governance - The board of directors includes independent members with extensive experience in finance and corporate governance, such as Wu Gangping, who has served as the chairman of the audit committee since December 2022[94] - The audit committee is currently composed of Wu Gangping, Wan Ling Martello, and Shan Weijian, with Wu serving as the chairman[98] - The compensation committee is led by Yang Zhiyuan and includes Wu Gangping and Kabir Misra[99] - The nomination and corporate governance committee is chaired by Li Yunlian, with Yang Zhiyuan as a member[100] - The compliance and risk committee is chaired by Li Yunlian and includes Wu Gangping, Kabir Misra, and J. Michael Evans[102] Shareholder Information - The total number of shares outstanding is 19,088,280,284 as of September 30, 2025[110] - The CEO holds a total of 275,744,064 shares, representing 1.44% of the total shares outstanding as of September 30, 2025[106] - The company has granted unvested restricted stock units corresponding to 76,667 shares to the CEO[109] - The company repurchased a total of 73,300,000 shares on the NYSE during the reporting period, with a total cost of $1 billion[126] - The company did not recommend the distribution of an interim dividend for the reporting period[133] Strategic Initiatives - The company is focusing on sustainability initiatives, with plans to invest $JJ million in green technologies by 2025[10] - Alibaba is investing heavily in new technologies, with a budget of $DD billion allocated for R&D in AI and cloud computing[4] - The company plans to expand its market presence in Southeast Asia, targeting a growth rate of EE% in that region over the next year[5] - The launch of a new e-commerce platform is expected to contribute an additional $GG billion in revenue by the end of 2024[7]

01 綠科科技國際有限公司 | 目錄 | | | --- | --- | | 公司資料 | 02 | | 管理層討論及分析 | 03 | | 礦山信息 | 18 | | 其他資料 | 27 | | 簡明綜合損益及其他全面收益表 | 36 | | 簡明綜合財務狀況表 | 38 | | 簡明綜合權益變動表 | 40 | | 簡明綜合現金流量表 | 41 | | 簡明綜合財務報表附註 | 42 | 中期報告 2024 02 公司資料 董事會 執行董事 丹斯里皇室拿督古潤金P.S.M., D.P.T.J. J.P （主席） 謝玥小姐 （行政總裁） 許進勝博士 （於二零二四年二月二十九日辭任） 李征先生 彭志紅小姐 拿汀張麗慧 （於二零二四年二月二十九日獲委任） 中國銀行（香港）有限公司 中國工商銀行（亞洲）有限公司 核數師 德勤 • 關黃陳方會計師行 執業會計師 註冊公眾利益實體核數師 香港 金鐘道88號 太古廣場一座35樓 註冊辦事處 獨立非執行董事 拿汀斯里林美玲 金宇亮先生 彭文婷小姐 公司秘書 洪育苗先生，HKICPA 法定代表 謝玥小姐 洪育苗先生 主要往來銀行 Cricket Square Hutchin ...

2025 2025 2025 迪臣發展國際集團有限公司（「本公司」）之董事會（「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（「報告期間」）之未經審 核中期綜合業績，連同截至二零二四年九月三十日止六個月之比較數字如下： 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 | | | 二零二五年 | 二零二四年 | | --- | --- | --- | --- | | | 附註 | 千港元 | 千港元 | | 收入 | 3 | 53,685 | 91,978 | | 銷售成本 | | (24,503) | (61,261) | | 毛利 | | 29,182 | 30,717 | | 其他收入及收益 | 3 | 10,115 | 12,907 | | 行政開支 | | (44,136) | (38,300) | | 其他經營收入╱（開支），淨額 | | 7,927 | (2,472) | | 財務費用 | 5 | (7,201) | (12,752) | | 分佔聯營公司溢利及虧損，淨額 | | (370) | (268) | | 除稅前虧損 | 4 | (4,4 ...

聯交所GEM的特色 GEM的定位，乃為相比起其他於聯交所上市的中小型公司帶有較高投資風險的公司提供 一個上市的市場。有意投資者應了解投資於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。 由於GEM上市公司通常為中小型公司，於GEM買賣的證券可能會較於主板買賣的證券 承受較大的市場波動風險，同時無法保證於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，概不對因本報告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。 本報告之資料乃遵照GEM上市規則而刊載，旨在提供有關本公司之資料；董事願就本報 告之資料共同及個別地承擔全部責任。董事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，足以令致本報告所載任何陳述或本報告產生誤導。 未經審核財務業績 董事會謹此呈報本集團截至2025年9月30日止六個月之未經審核簡明綜合業績，連同 2024年同期之未經審核比較數字如下： 未經審核簡明綜合全面收益表 截至2025年 ...