截 至2025年9月30日 止6個月中期業績公告 東 方 企 控 集 團 有 限 公 司（「本 公 司」）董 事（「董 事」）會（「董 事 會」）宣 布 本 公 司 及 其 附 屬 公 司 （統 稱「本 集 團」）截 至2025年9月30日 止6個 月（「報 告 期 內」）未 經 審 核 之 簡 明 綜 合 業 績（連 同 2024年 同 期 的 比 較 數 字）如 下： 簡明綜合損益及其他全面收益表 截 至2025年9月30日 止6個 月 | | | | | | | | | 6個月止 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | 2025年 | | 2024年 | | | | | | | | | | 9月30日 | 9月30日 | | | | | | | | | | | （未經審核） | （未經審核） | | | | | | | | | 附 | 註 | 港幣千元 | 港幣千元 | | | 收 入 | | | | | | | 4 | 239,052 | | 280,177 ...

Financial Performance - The company reported unaudited consolidated financial results for the six months ending September 30, 2025, compared to the same period in 2024[11]. - The group's total revenue for the period was approximately HKD 35.3 million, an increase of about 31.7% from approximately HKD 26.8 million in the previous period[15]. - Revenue for the six months ended September 30, 2025, was HKD 35,293,000, representing a 31.5% increase from HKD 26,836,000 in the same period of 2024[55]. - Gross profit rose to approximately HKD 11.2 million, a 34.9% increase from approximately HKD 8.3 million, with a gross margin of about 31.7%[17]. - The group recorded a profit attributable to owners of approximately HKD 1.9 million, compared to a loss of approximately HKD 0.1 million in the previous period[22]. - Net profit attributable to owners for the period was HKD 1,851,000, a significant recovery from a loss of HKD 102,000 in the prior year[55]. - Basic and diluted earnings per share improved to HKD 0.19 compared to a loss of HKD 0.01 per share in the same period last year[55]. - The group employed a total of 31 full-time employees as of September 30, 2025, with employee benefit expenses amounting to approximately HKD 3.9 million, a decrease from approximately HKD 4.3 million in the previous period[27]. Revenue Breakdown - Home goods export business contributed approximately 92.4% to total revenue, with sales increasing from approximately HKD 24.8 million to about HKD 32.6 million[15][12]. - E-commerce sales performance was approximately HKD 1.5 million, a 15.4% increase from approximately HKD 1.3 million in the previous period, contributing about 4.2% to total revenue[13]. - Own brand product sales increased to approximately HKD 1.2 million, a 50% increase from approximately HKD 0.8 million in the previous period, contributing about 3.4% to total revenue[14]. - Revenue from Denmark increased to HKD 11,513,000, up 18.5% from HKD 9,715,000 in 2024[69]. - Revenue from the UK rose to HKD 8,532,000, reflecting a 28.0% increase from HKD 6,664,000 in the previous year[69]. - Major customer A contributed HKD 11,480,000 to total revenue, up 18.2% from HKD 9,715,000 in 2024[72]. Expenses and Profitability - Selling and distribution expenses increased to approximately HKD 4.7 million, a 20.5% increase from approximately HKD 3.9 million in the previous period[19]. - Administrative expenses decreased to approximately HKD 5.1 million from approximately HKD 5.7 million, primarily due to reduced employee and training costs[20]. - Operating profit turned positive at HKD 1,893,000 compared to an operating loss of HKD 91,000 in the previous year[55]. - The company reported a net cash inflow from operating activities of HKD 983,000, a decrease from HKD 1,445,000 in the prior year[60]. Assets and Liabilities - The group's total assets were approximately HKD 27.7 million, an increase from approximately HKD 23.7 million, while total equity was about HKD 20.9 million[25]. - Total assets increased to HKD 47,353,000 as of September 30, 2025, compared to HKD 43,343,000 as of March 31, 2025[56]. - Current assets rose to HKD 26,413,000, up from HKD 23,173,000 at the end of the previous reporting period[56]. - Trade receivables amounted to HKD 3,760,000 as of September 30, 2025, down from HKD 5,188,000 on March 31, 2025[82]. - Trade payables increased to HKD 2,490,000 as of September 30, 2025, from HKD 1,966,000 on March 31, 2025[88]. - The capital debt ratio increased from approximately 2.5% to about 10.6% due to an increase in lease liabilities and bank overdrafts[24]. Corporate Governance - The board of directors confirmed that the information provided in the announcement is accurate and complete, with no misleading or fraudulent elements[4]. - The company has a diverse board of directors, including independent non-executive members, which enhances corporate governance[9]. - The company has adopted corporate governance practices in line with GEM listing rules, although the roles of Chairman and CEO are held by the same individual[40]. - The audit committee, consisting of three independent non-executive directors, has reviewed the accounting policies and the interim report for the period[53]. - The company has established a code of conduct for directors regarding securities trading, ensuring compliance with GEM listing rules[42]. Compliance and Risk Management - The company is committed to adhering to the GEM listing rules, ensuring compliance with regulatory standards[7]. - The company emphasizes the importance of risk management, with a dedicated committee overseeing this aspect[9]. - The group closely monitors foreign exchange risks, as most transactions are denominated in HKD, RMB, and USD, but currently has no hedging policies in place[29]. - The company has not declared any interim dividends for the current period, consistent with the previous period[38]. - The group does not have any significant contingent liabilities as of September 30, 2025, consistent with the previous period[35]. Shareholder Information - As of September 30, 2025, the company has a significant shareholder, Hearthfire Limited, holding 611,250,000 shares, representing approximately 61.125% of total shares[43]. - Another major shareholder, Present Moment Limited, owns 86,250,000 shares, accounting for about 8.625% of total shares[48]. - No directors or major shareholders have any business interests that could directly or indirectly compete with the company's operations[51]. Other Financial Information - Government subsidies recognized during the period amounted to HKD 100,000, a decrease of 87.9% from HKD 826,000 in the previous year[67]. - Interest income for the period was HKD 166,000, down 39.6% from HKD 275,000 in the prior year[67]. - The company has not adopted any new or revised accounting standards that would significantly impact its financial performance or position[65]. - The group is currently assessing the impact of new accounting standards but has not identified any significant effects on its operating results[65]. - The company purchased property, plant, and equipment for approximately HKD 12,000,000 during the current period, compared to none in the previous period[80].

香港交易及結算所有限公司以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。 CL GROUP (HOLDINGS) LIMITED 昌利（控股）有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8098） 截至二零二五年九月三十日止六個月 中期業績公佈 • 於截至二零二五年九月三十日止六個月錄得未經審核營業額約24,800,000港元， 較去年同期增加約9.9%。 • 於截至二零二五年九月三十日止六個月錄得本公司擁有人應佔期內未經審核 溢利約7,600,000港元。本公司擁有人應佔期內溢利減少，主要源於本期錄得預 期信貸虧損模式下貿易應收款項應收貸款之減值。 • 截至二零二五年九月三十日止六個月之每股基本及攤薄盈利分別為約0.34仙（二 零二四年九月三十日止六個月：每股基本盈利約1.13仙）及約0.34仙（二零二四 年九月三十日止六個月：每股攤薄盈利1.13仙）。 • 董事不建議派付截至二零二五年九月三十日止六個月之中期股息（二零二四年 九月三十日止六個月：零）。 本公司 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 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。 CHINA INVESTMENT AND FINANCE GROUP LIMITED 中國投融資集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1226） 中期業績公佈 截至二零二五年九月三十日止六個月 中國投融資集團有限公司（「本公司」）及其附屬公司（統稱「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九月三十日止六個月（「本期間」） 之未經審核綜合業績。 簡明綜合損益及其他全面收益表 截至二零二五年九月三十日止六個月 | | | 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 | | 出售證券之所得款項總額 | | 51,917 | 10,951 | | 收益 | 3 | 1,774 | 3,318 | | 出售以公平 ...

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 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 之 任 何 損 失 承 擔 任 何 責 任。 GRAND BRILLIANCE GROUP HOLDINGS LIMITED 君百延集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8372） 截 至2025年9月30日 止 六 個 月 之 中 期 業 績 公 告 君 百 延 集 團 控 股 有 限 公 司（「本 公 司」）董 事 會（「董 事 會」）欣 然 宣 佈 本 公 司 及 其 附 屬 公 司（統 稱「本 集 團」）截 至2025年9月30日 止 六 個 月 之 未 經 審 核 綜 合 業 績（「中 期 業 績」）。本 公 告 載 列 本 集 團 截 至2025年9月30日 止 六 個 月 的 中 期 報 告 全 文，其 內 容 乃 根 據 香 ...

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 1,211,523,000, a slight increase of 0% compared to HKD 1,208,819,000 in the same period last year[2] - The company's profit attributable to equity holders was HKD 60,644,000, down 7% from HKD 65,160,000 year-on-year[3] - Basic earnings per share decreased to HKD 0.096 from HKD 0.103, reflecting a 7% decline[3] - The total comprehensive income for the period was HKD 112,778,000, compared to HKD 65,833,000 in the previous year, indicating a notable increase[5] - The group's profit before tax for the six months ended September 30, 2025, was HKD 60,644,000, a decrease of 6.3% compared to HKD 65,160,000 for the same period in 2024[18] - The income tax expense for the period was HKD 11,001,000, a decrease of 27.2% from HKD 15,160,000 in the previous year[15] - The company declared an interim dividend of HKD 0.036 per share for the six months ended September 30, 2025, compared to HKD 0.038 per share in 2024, totaling HKD 22,699,000[17] Assets and Liabilities - The total assets increased marginally to HKD 4,353,251,000, compared to HKD 4,335,067,000 in the previous year, showing a 0% change[2] - The company's total equity rose by 2% to HKD 3,145,375,000 from HKD 3,094,076,000[2] - Current assets decreased to HKD 3,111,627,000 from HKD 3,161,607,000, a decline of about 1.6%[6] - Total liabilities decreased from HKD 1,270,592,000 to HKD 1,201,480,000, reflecting a reduction of approximately 5.4%[6] - The company's equity increased to HKD 3,151,771,000 from HKD 3,088,372,000, marking an increase of about 2.0%[7] - As of September 30, 2025, the group's net current assets amounted to HKD 2.022 billion, a 1% increase from HKD 1.998 billion on March 31, 2025[34] - Cash and bank balances increased to HKD 726 million from HKD 667 million, representing an increase of HKD 59 million[34] - The group has no bank loans as of September 30, 2025, maintaining a net cash balance of HKD 726 million[34] Revenue Breakdown - Revenue from the China and Hong Kong segment was HKD 843,632,000, down from HKD 890,834,000, a decrease of approximately 5.3% year-over-year[11] - Revenue from Taiwan decreased to HKD 18,215,000 from HKD 21,441,000, a decline of about 15.3%[11] - Revenue from other overseas countries increased to HKD 349,676,000 from HKD 296,544,000, representing a growth of approximately 17.9%[11] - The group's revenue for the six months ended September 30, 2025, was HKD 1.212 billion, a slight increase from HKD 1.209 billion in 2024[26] - Revenue from mainland China and Hong Kong decreased by 5% to HKD 844 million, while Taiwan's revenue fell by 14% to HKD 18 million[29] - International market revenue increased by 18% to HKD 350 million, up from HKD 297 million in 2024[31] Operational Insights - The average return on equity decreased to 1.9% from 2.1%, a decline of 10%[2] - The average return on total assets also fell to 1.4% from 1.5%, representing a 7% decrease[2] - The company reported a gross profit of HKD 275,537,000, slightly down from HKD 276,974,000[4] - Other income and gains increased significantly to HKD 59,974,000 from HKD 38,732,000, marking a substantial rise[4] - The group reported a net receivable trade and notes amounting to HKD 1,479,985,000 as of September 30, 2025, down from HKD 1,573,798,000 as of March 31, 2025[19] - The net trade receivables as of September 30, 2025, included HKD 1,232,738,000, reflecting an increase from HKD 1,130,754,000 as of March 31, 2025[21] Strategic Initiatives - The introduction of the "AI Molder" service marks the company's first step into AI technology, aimed at enhancing manufacturing efficiency[32] - The company plans to launch a series of cost-effective and competitive new product lines to assist customers in the challenging market environment[32] - The group aims to double the production capacity of its second board machines and is preparing to restructure a new high-end fully electric production line within the fiscal year[33] - The group has engaged in a "lean production" consulting project with a renowned international consulting firm to optimize production processes and improve efficiency[33] - The group plans to launch new products that are more aligned with market demand and continue to expand into potential markets such as new energy vehicles and the 3C industry[45] Market Conditions - The overall economic outlook remains bleak, with over 70% of economists predicting a further decline in global economic conditions[27] - The impact of U.S. tariffs has led to a significant delay in new equipment purchases by customers, particularly in mainland China[28] - The outlook for the second half of the year indicates a cautious investment direction from most customers, leading to weak market demand and intensified competition[45] Governance and Compliance - The company has not adopted new accounting standards that may impact financial performance, currently assessing their potential effects[9] - The company has reviewed the unaudited interim results for the six months ending September 30, 2025, focusing on internal controls and financial reporting[49] - The audit committee and management discussed the accounting standards and practices adopted by the group[49] - The group has a diversified customer base, minimizing significant credit risk, with no collateral held against trade receivables[20] - The group has no significant investments, acquisitions, or disposals related to its subsidiaries and associates as of September 30, 2025[37] - The group has adopted a prudent financial management policy, ensuring sufficient liquidity to meet capital investment and operational funding needs[34] Employee Insights - As of September 30, 2025, the group had approximately 2,700 full-time employees, maintaining competitive compensation and benefits[44]

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 98,499,000, a decrease of 3.9% from HKD 102,307,000 in the same period of 2024[3] - Gross profit for the same period was HKD 67,406,000, down 9.4% from HKD 74,272,000 year-on-year[3] - The company incurred a loss of HKD 10,121,000 for the period, compared to a profit of HKD 18,236,000 in the previous year, representing a significant decline[4] - Basic and diluted loss per share was HKD 0.27, compared to earnings per share of HKD 0.78 in the prior year[4] - Total comprehensive income for the period was HKD 492,000, a decrease of 97.9% from HKD 23,659,000 in the same period last year[5] - The total revenue for the period decreased to approximately HKD 98.5 million, down from HKD 102.3 million in the same period last year, representing a decline of 3.7%[45] - The gross profit margin decreased from 72.6% to 68.4% during the same period, indicating a decline in profitability[44] - The average selling price of burial plots decreased by 13% compared to the same period last year, contributing to the reduction in gross profit[45] Assets and Liabilities - Non-current assets increased to HKD 860,337,000 as of September 30, 2025, compared to HKD 723,320,000 as of March 31, 2025, reflecting a growth of 18.9%[6] - Current liabilities rose to HKD 207,081,000 from HKD 163,810,000, indicating an increase of 26.4%[6] - The company's net assets decreased to HKD 949,522,000 from HKD 973,465,000, a decline of 2.5%[7] - The company’s total assets as of September 30, 2025, were approximately HKD 1.3087 billion, up from HKD 1.2834 billion as of March 31, 2025[54] - The current ratio decreased to approximately 2.17 from 3.42, primarily due to a decrease in current assets and an increase in current liabilities[53] Revenue Sources - Sales of burial plots and niches contributed HKD 88,560,000, representing an increase of 2.0% from HKD 86,712,000 in the previous year[16] - The company reported a pre-tax profit of HKD 18,044,000 for the six months ended September 30, 2025, with significant costs including HKD 23,600,000 for cost of goods sold[17] Expenses and Costs - Financing costs increased to HKD 739,000 from HKD 298,000 year-on-year, primarily due to higher interest on bank borrowings[19] - The total income tax expense for the period was HKD 10,547,000, slightly down from HKD 10,825,000 in the previous year[21] - The company did not declare any interim dividend for the six months ended September 30, 2025, compared to HKD 11,107,000 declared in the same period last year[22] - Sales and distribution expenses rose significantly from HKD 12 million to HKD 31.9 million, largely due to additional VAT payments and increased promotional expenses[47] - Financing costs increased by approximately HKD 400,000 due to new short-term bank borrowings of about HKD 11 million during the period[49] Strategic Focus and Market Trends - The company primarily operates in the cemetery business in China, with no significant changes in operational segments reported[11] - The Chinese funeral service market size reached RMB 169.5 billion in 2015, projected to grow to RMB 521.2 billion by 2030, reflecting a compound annual growth rate (CAGR) of approximately 8.5%[34] - The aging population in China is expected to exceed 300 million by the end of 2024, accounting for 22% of the total population, which will drive demand for funeral services[34] - The ongoing urbanization process in China is projected to reach over 73% by 2030, which will further increase disposable income and demand for personalized funeral services[35] - The company is actively exploring eco-friendly burial products and enhancing community service offerings to improve regional competitiveness and customer satisfaction[38] - The company has faced pricing pressures in certain regions due to policy adjustments and increased competition, but has successfully optimized service processes and developed community-friendly products[38] Corporate Governance and Compliance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with applicable disclosure requirements[9] - The company has complied with all applicable code provisions of the corporate governance code for the six months ended September 30, 2025[61] - The audit committee has reviewed the financial reporting procedures and internal controls, with no objections to the accounting policies adopted[62] - The company has adopted the standard code for securities transactions by directors and confirmed compliance by all directors during the period[63] - The interim report contains all information required by the listing rules and will be sent to shareholders at the appropriate time[64] Other Information - The company incurred land transfer costs of approximately HKD 137,195,000 during the period[27] - Trade receivables as of September 30, 2025, totaled HKD 2,306,000, with HKD 1,614,000 due within 60 days[28] - As of September 30, 2025, trade payables amounted to HKD 38,087,000, an increase from HKD 33,307,000 as of March 31, 2025, with over 62% of the payables being overdue for more than one year[13] - The issued and fully paid share capital remained stable at 2,221,363,000 shares, equivalent to HKD 222,136,000 as of both September 30, 2025, and March 31, 2025[14] - The company has made significant progress in service transformation and technology integration, with a focus on compliance operations and brand building[37] - The flagship project, Zhejiang Anxian Garden, has integrated technology such as AI and holography into its services, enhancing customer experience and setting a benchmark for industry digital transformation[37] - The company and its subsidiaries did not purchase, sell, or redeem any listed securities during the period[59] - There are no interests held by directors or major shareholders in any competing businesses as of September 30, 2025[60] - No significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the period[55] - No significant events occurred after September 30, 2025, until the publication date of the financial statements[58] - The board does not recommend the payment of an interim dividend for the period, which was 0.5 HK cents per share for the six months ended September 30, 2024[57]

Fundraising and Allocation - The total amount raised from the subscription is approximately HKD 326.9 million, with a net amount of about HKD 326.5 million after expenses, equivalent to a net issue price of approximately HKD 3.106 per share[6]. - 30% of the net proceeds (approximately HKD 98.0 million) will be allocated for the development and commercialization of the targeted lung denervation system (TLD system), covering technology iteration, clinical trials, and marketing[6]. - 35% of the net proceeds (approximately HKD 114.2 million) will fund the key technology development for the natural orifice flexible surgical robot, with clinical trials expected to be completed by 2029[6]. - 20% of the net proceeds (approximately HKD 65.3 million) will be used to establish an overseas headquarters in Ireland, focusing on obtaining overseas regulatory approvals and commercializing core products[6]. - 15% of the net proceeds (approximately HKD 49.0 million) will be allocated for the company's working capital and other general corporate purposes, expected to be fully utilized by 2028[6]. Regulatory and Operational Updates - The company is currently in the approval process for necessary consents related to the subscription agreement, with submissions made to the relevant regulatory authorities in China[4]. - The company plans to provide further announcements regarding the completion of the subscription at an appropriate time[5]. - The overseas headquarters will integrate and coordinate existing overseas operations, enhancing management of international business activities[6]. - The company aims to commercialize the BroncAblate® system in China by the first half of 2025, following approval from the National Medical Products Administration (NMPA)[6]. Executive Compensation - The company has not granted restricted share units to any of the top five highest-paid individuals for the year ending December 31, 2024, except for the executive director and CEO Xu Hong[7].

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 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 （於開曼群島註冊成立的有限公司） （股份代號：1982） 截 至2025年9月30日 止 六 個 月 的 未 經 審 核 綜 合 中 期 業 績 公 告 | 財 | | 摘 | 要 | | | | | | | | | | | | | | | 務 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 截 | | | | 至9月30日 2025年 | 止 六 個 | 月 ...

Financial Performance - Revenue for the six months ended September 30, 2025, was approximately HKD 326.2 million, a decrease of about 17.8% compared to HKD 396.9 million in the same period of 2024[2] - Gross profit for the same period was approximately HKD 2.0 million, down approximately 91.9% from HKD 24.7 million in 2024, resulting in a gross margin of 0.6% compared to 6.2% in 2024[2][3] - The loss attributable to owners of the company was approximately HKD 12.9 million, a significant decline from a profit of HKD 4.6 million in the same period of 2024[2] - Basic and diluted loss per share was approximately HKD 0.014, compared to earnings per share of HKD 0.005 in 2024[2][3] - Revenue from foundation and site preparation works decreased to approximately HKD 315.6 million, a reduction of about HKD 64.1 million or 16.9% compared to HKD 379.7 million for the six months ended September 30, 2024[45] - The net loss attributable to owners of the company was approximately HKD 12.9 million, compared to a net profit of approximately HKD 4.6 million for the six months ended September 30, 2024[52] Cash Flow and Assets - Cash flow from operating activities showed a net outflow of HKD 10.7 million, compared to a net inflow of HKD 35.2 million in 2024[7] - Total assets less current liabilities amounted to HKD 143.9 million as of September 30, 2025, compared to HKD 145.2 million as of March 31, 2025[4] - The cash and cash equivalents increased slightly by HKD 228, totaling HKD 50.3 million as of September 30, 2025, compared to HKD 59.2 million in 2024[7] - Non-current assets decreased from HKD 75.0 million as of March 31, 2025, to HKD 64.9 million as of September 30, 2025[4] - Total assets as of September 30, 2025, were approximately HKD 272.1 million, down from HKD 329.3 million as of March 31, 2025[54] - Total liabilities as of September 30, 2025, were approximately HKD 134.4 million, a decrease from HKD 194.1 million as of March 31, 2025[54] Share and Dividend Information - The company did not recommend any interim dividend for the six months ended September 30, 2025[2] - The group did not declare or propose any dividends for the six months ended September 30, 2025, consistent with the previous reporting period[20] - The company completed a placement of up to 186,600,000 shares at a price of HKD 0.085 per share, representing a discount of approximately 15.84% to the closing price on the placement agreement date[66] - The total net proceeds from the placement amounted to approximately HKD 15.3 million, with an estimated net amount of HKD 15.2 million after deducting placement commissions and expenses[67] - The intended use of the net proceeds includes HKD 6.1 million for new contract business development, HKD 4.6 million for settling outstanding payables, and HKD 4.6 million for general operating expenses[67] Operational Highlights - The group secured 23 new contracts during the reporting period, with a total original contract value of approximately HKD 357.6 million, and completed 15 projects valued at approximately HKD 279.1 million[44] - As of September 30, 2025, the total amount of unbilled revenue from contracts was approximately HKD 658.6 million, an increase from HKD 509.8 million as of September 30, 2024[44] - The group aims to enhance project management effectiveness and implement strict cost control measures in response to increasing economic pressures and competition in the foundation and site preparation engineering sector[43] - The group is actively seeking opportunities to expand its scope of work in the construction industry, aiming to transition from subcontractor to main contractor in foundation engineering[42] Employee and Governance Information - As of September 30, 2025, the company employed a total of 582 employees, a slight increase from 573 employees as of September 30, 2024, with total employee costs approximately HKD 107.5 million during the reporting period[65] - The company has adopted a share option scheme to incentivize employees and directors, with no options granted or exercised since its adoption on September 21, 2017[73] - The company has complied with the corporate governance code during the reporting period, except for the separation of roles between the Chairman and CEO[69] - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing financial information and monitoring internal controls[79] - There were no significant labor disputes or difficulties in recruiting and retaining experienced employees during the reporting period[65] Financial Costs and Expenses - Financial costs increased to HKD 891,000 for the six months ended September 30, 2025, from HKD 767,000 in 2024, primarily due to higher bank loan interest[16] - Administrative expenses rose to approximately HKD 19.7 million, an increase of about HKD 0.7 million or 3.7% from HKD 19.0 million for the six months ended September 30, 2024, primarily due to higher employee costs[49] - Financial costs increased to approximately HKD 0.9 million, up by about HKD 0.1 million or 12.5% compared to HKD 0.8 million for the six months ended September 30, 2024[50] Trade Receivables and Payables - Trade receivables as of September 30, 2025, amounted to HKD 27,418,000, a decrease from HKD 32,575,000 as of March 31, 2025, with an expected credit loss provision of HKD 647,000[13] - The aging analysis of trade receivables shows that HKD 23,098,000 (86.7%) were within 30 days as of September 30, 2025, compared to HKD 31,603,000 (98.7%) as of March 31, 2025[29] - Trade payables as of September 30, 2025, were HKD 67,275,000, a decrease from HKD 116,754,000 as of March 31, 2025[32] - The group has a credit period of 15 to 75 days for its trade customers, indicating a structured approach to credit management[29] Capital Expenditure - Capital expenditure during the reporting period was approximately HKD 1.3 million, significantly lower than HKD 36.8 million for the six months ended March 31, 2025[59] - The group acquired machinery and equipment at a cost of approximately HKD 1,260,000 during the current period, significantly lower than HKD 20,703,000 in the previous period[23]