Financial Performance - The unaudited total revenue for the year ended December 31, 2024, was RMB 5,055,598, a decrease of 6.8% compared to RMB 5,424,284 for the year ended December 31, 2023[5] - The gross profit for the year was RMB 936,605, down 34.9% from RMB 1,438,478 in the previous year, resulting in a gross margin of 18.5%, a decline of 8.0 percentage points[5] - The net loss for the year was RMB 875,645, compared to a profit of RMB 507,858 in the previous year, representing a decrease of 272.4%[6] - The basic and diluted loss per share for the year was RMB (0.96), compared to earnings of RMB 0.52 in the previous year, marking a decline of 284.6%[7] - The total expenses for the year amounted to RMB 4,971,241,000 in 2024, an increase from RMB 4,631,528,000 in 2023, marking a rise of approximately 7.4%[20] - The company reported a net loss of approximately RMB 875.6 million for 2024, a decline of about 272.4% compared to a profit of RMB 507.9 million in 2023[77] Revenue Breakdown - Revenue from property management services was RMB 3,575,950, a slight increase of 0.6% from RMB 3,555,106 in the previous year[5] - Revenue from community value-added services decreased by 9.9% to RMB 1,184,806 from RMB 1,314,308 in the previous year[5] - Revenue from developer value-added services saw a significant decline of 46.9%, falling to RMB 294,842 from RMB 554,870[5] - Community value-added services revenue decreased by approximately 9.9% to RMB 1,184.8 million in 2024 from RMB 1,314.3 million in 2023, representing about 23.4% of total revenue[66] - Developer value-added services revenue fell by approximately 46.9% to RMB 294.8 million in 2024 from RMB 554.9 million in 2023, accounting for about 5.8% of total revenue[67] Assets and Liabilities - Total assets as of December 31, 2024, were RMB 5,475,045, down from RMB 6,682,643 in the previous year[8] - The total equity attributable to the owners of the company decreased to RMB 1,880,636 from RMB 2,903,765 in the previous year[8] - The total liabilities as of December 31, 2024, amounted to RMB 3,421,802 thousand, a slight increase from RMB 3,391,435 thousand in 2023[9] - Current liabilities totaled RMB 3,301,351 thousand, reflecting an increase of 4.6% from RMB 3,155,392 thousand in 2023[9] - Non-current liabilities decreased significantly to RMB 120,451 thousand from RMB 236,043 thousand, a reduction of 48.9%[9] - The total equity and liabilities amounted to RMB 5,475,045 thousand, down from RMB 6,682,643 thousand in 2023, a decrease of 18.0%[9] Cash Flow and Liquidity - Cash and cash equivalents increased to RMB 2,141,751 from RMB 1,927,283 in the previous year, indicating improved liquidity[8] - The company’s cash and cash equivalents interest income increased to RMB 17,766,000 in 2024 from RMB 15,912,000 in 2023, a growth of approximately 11.6%[22] - The company has a significant amount of restricted cash amounting to RMB (53,308,000) in 2024, indicating potential liquidity constraints[41] - As of December 31, 2024, the total cash and cash equivalents held by the group amounted to RMB 2,195,059,000, an increase from RMB 1,927,283,000 as of December 31, 2023[87] Tax and Other Income - Current income tax expense for China decreased significantly to RMB 88,656,000 in 2024 from RMB 171,580,000 in 2023, a decline of about 48.3%[23] - Other income increased to RMB 69,598,000 in 2024, up from RMB 50,973,000 in 2023, representing a growth of about 36.5%[21] - The income tax expense for 2024 was approximately RMB 71.4 million, a decrease of about 48.2% compared to RMB 137.7 million in 2023[75] Shareholder Information - The company declared dividends totaling RMB 259,975,000 for 2024, an increase from RMB 150,054,000 in 2023, with the company’s own declared dividends at RMB 178,623,000 compared to RMB 139,413,000 previously[46] - The board did not recommend a final dividend for the year ended December 31, 2024, compared to a dividend of RMB 0.205 per share for 2023[92] Strategic Focus and Future Outlook - The company continues to focus on property management and value-added services primarily in China, with all non-current assets located in the same region[17] - The company is focusing on enhancing its property management services, which are expected to drive revenue growth in the upcoming fiscal periods[36] - The company anticipates that its core business will continue to grow, albeit at a potentially slower pace, while emphasizing customer satisfaction as a key performance indicator[56] Compliance and Governance - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing the company's financial reporting system and risk management[101] - The company has confirmed compliance with the standards set out in the listing rules regarding securities trading by directors for the year ended December 31, 2024[96] - The company has adopted a stock option plan to reward directors and employees for their contributions, which expired on October 19, 2024, with no options granted in the year ended December 31, 2024[98]

Compensation - The total compensation for Mr. Shen, the acting CEO for the year ended December 31, 2016, was RMB 141,000, which includes a salary of RMB 117,000 and retirement plan contributions of RMB 24,000[3] Governance Structure - The board of directors consists of eight members, including three executive directors and three independent non-executive directors, ensuring a diverse governance structure[4] Disclosure Accuracy - The company confirms that all information disclosed in the announcement is accurate and complete, with no misleading or fraudulent elements[4]

ZHENGYE INTERNATIONAL HOLDINGS COMPANY LIMITED 正 業 國 際 控 股 有 限 公 司 （ 於百慕達註冊成立的有限公司） （股份代號：3363） 關於二零一八年至二零二零年年報之補充公告 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。 董事及行政總裁酬金 截至二零一八年十二月三十一日止年度 已付或應付八名（ 二零一七年：七名）董事及行政總裁各自的酬金如下： | | | | | 退休福利 | | | | --- | --- | --- | --- | --- | --- | --- | | | | 袍金 | 薪金 | 表現獎金 計劃供款 | | 總計 | | | | 人民幣千元 | 人民幣千元 | 人民幣千元 人民幣千元 | | 人民幣千元 | | 執行董事 | | | | | | | | — | 胡正 | — | 2,500 | — | 14 | 2,514 | | — | 胡漢朝 | — | 2,200 ...

Revenue and Profitability - Revenue for the six months ended October 31, 2025, was HKD 22,851,000, representing a 11.9% increase from HKD 20,424,000 in the same period of 2024[5] - The company reported a net profit of HKD 124,000 for the period, a decrease of 79.6% compared to HKD 608,000 in the previous year[5] - Revenue from Canada was HKD 18,326,000, up from HKD 14,299,000 in the previous year, indicating a growth of 28.3%[17] - The company's revenue for the six months ended October 31, 2025, was approximately HKD 22.9 million, an increase of about HKD 2.5 million or 12.3% compared to HKD 20.4 million for the same period in 2024[40] - The group's profit before tax decreased by approximately HKD 0.5 million or 83.33% to about HKD 0.1 million for the six months ending October 31, 2025, despite an increase in gross profit and a reduction in administrative expenses[50] - The net profit for the same period dropped by approximately HKD 0.5 million or 83.33%, resulting in a net profit margin decrease from approximately 3.0% to about 0.4%[52] Gross Profit and Cost Management - Gross profit increased to HKD 5,884,000, up 20.3% from HKD 4,888,000 year-on-year[5] - The company reported a gross profit of HKD 5,884,000 for the six months ended October 31, 2025, compared to HKD 4,888,000 for the same period in 2024, reflecting a gross profit margin increase[24] - The cost of sales for the period was HKD 16,967,000, compared to HKD 15,536,000 in the previous year, showing an increase of 9.2%[24] - The cost of sales increased by approximately HKD 1.5 million or 9.7% to HKD 17.0 million for the six months ended October 31, 2025, from HKD 15.5 million in the same period last year[44] - Employee benefits expenses, including directors' remuneration, decreased to HKD 3,465,000 from HKD 4,426,000, a reduction of 21.7%[24] - Selling and distribution expenses decreased by approximately HKD 0.1 million or 20.0% to HKD 0.4 million due to reduced shipping costs[47] - Administrative expenses decreased by approximately HKD 0.7 million or 13.2% to HKD 4.6 million, mainly due to reductions in employee costs and legal fees[48] - Financing costs decreased to HKD 347,000 from HKD 392,000, reflecting better cost management[5] - Financing costs decreased by approximately HKD 0.1 million or 20.0% to HKD 0.3 million, maintaining relative stability in bank borrowings and lease liabilities[49] Cash Flow and Financial Position - Cash and cash equivalents at the end of the period rose to HKD 23,552,000, compared to HKD 16,106,000 at the beginning of the period[10] - Operating cash flow for the six months was HKD 8,272,000, down from HKD 9,949,000 in the same period last year[10] - The group's cash and bank balances increased to approximately HKD 23.6 million as of October 31, 2025, compared to HKD 16.1 million on April 30, 2025[54] - The current ratio as of October 31, 2025, was 1.8 times, slightly up from 1.7 times on April 30, 2025[54] - As of October 31, 2025, the debt-to-equity ratio was 93.2%, down from 102.6% on April 30, 2025[53] Assets and Liabilities - Total assets amounted to HKD 51,179,000, slightly up from HKD 51,106,000 as of April 30, 2025[6] - The company's equity increased to HKD 16,765,000 from HKD 15,957,000 at the end of the previous reporting period[6] - Trade receivables increased significantly to HKD 1,505,000 from HKD 619,000, indicating improved sales performance[6] - Trade receivables as of October 31, 2025, were HKD 34,246,000, an increase from HKD 32,999,000 as of April 30, 2025[30] - Trade payables increased to HKD 4,121,000 as of October 31, 2025, compared to HKD 3,504,000 as of April 30, 2025[33] - Trade receivables from major customers accounted for 80.2% of total trade receivables, significantly up from 38.8% in the previous year, indicating increased reliance on key clients[19] Foreign Exchange and Other Income - The company recorded a foreign exchange gain of HKD 684,000 during the period, contributing to total comprehensive income of HKD 808,000[7] - The group recorded a foreign exchange gain of approximately HKD 0.3 million for the six months ending October 31, 2025, compared to a gain of approximately HKD 0.2 million for the same period in 2024[59] - Other income and gains decreased by approximately HKD 19,000 or 95% to HKD 1,000, primarily consisting of interest income[46] Dividends and Corporate Governance - The company did not declare any dividends during the reporting period, consistent with the previous year[27] - The board decided not to declare an interim dividend for the six months ending October 31, 2025[61] - The company has not reported any significant changes in accounting policies that would materially affect the financial statements for the current period[15] - The company continues to focus on the design, manufacturing, and trading of LED lighting products, with no new business segments reported[16] - There were no significant investments, acquisitions, or disposals of subsidiaries or capital assets during the six months ending October 31, 2025[57] - The company has adopted a share option scheme to reward eligible employees for their contributions[58] - The company has adopted the trading code as per GEM Listing Rules 5.48 to 5.67, confirming compliance with the trading code for the six months ending October 31, 2025[69] - The stock option plan, effective from November 16, 2017, allows for the granting of 50,000,000 stock options, with no options granted since its adoption[70] - The audit committee, established on October 24, 2017, consists of three independent non-executive directors responsible for reviewing financial information and risk management[71] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ending October 31, 2025[72]

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。 （於百慕達註冊成立的有限公司） （股份代號：626；網址：www.publicnancial.com.hk） 截至二零二五年十二月三十一日止年度全年業績 大眾金融控股有限公司（「本公司」）董事會（「董事會」）欣然公佈本公司及其附屬公司（統 稱「本集團」）截至二零二五年十二月三十一日止年度的綜合業績及比較數字如下： 綜合收益表 | | | 截至十二月三十一日止年度 | | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | 附註 | 港幣千元 | 港幣千元 | | 利息收入 | 8 | 1,941,103 | 2,052,398 | | 利息支出 | 8 | (787,434) | (1,069,107) | | 淨利息收入 | | 1,153,669 | 983,291 | | 費用及佣金收入 | 9 | 256,815 | 220,229 | | 費 ...

Impairment Losses - The company reported a significant impairment loss of RMB 3.1 million related to the right-of-use asset for an office lease in Guangzhou, accounting for 1.6% of the total impairment for the year 2024[6]. - The total impairment losses for property, plant, and equipment, and right-of-use assets amounted to approximately RMB 94.7 million and RMB 91.6 million respectively, reflecting a reduction to their recoverable amounts[7]. - The management has indicated that the impairment losses are a result of specific indicators and sufficient observable input data, negating the need for further assumptions[6]. - The company has not identified any impairment indicators for its assets in the fiscal year 2023[19]. Operational Performance - The management identified operational losses in September 2024, primarily due to a decline in overall revenue compared to the previous year and unoptimized operating expenses[5]. - The company reported a decrease in overall income during the reporting period, which contributed to the operational losses[5]. - The company plans to continue optimizing its operational expenses and has made strategic decisions to exit underperforming assets to enhance overall efficiency[6]. Trade Receivables Management - The company actively tracks trade receivables and adjusts expected credit loss provisions based on historical loss rates and forward-looking macroeconomic data[8]. - The financial department regularly reports on major outstanding receivables to the general manager for focused collection efforts[8]. - The company's trade receivables as of December 31, 2024, amounted to RMB 716.17 million, with an impairment provision of RMB 216.68 million[9]. - The company has implemented various measures to recover overdue trade receivables, including sending reconciliation letters and collection notices, and signing repayment commitment letters[10]. - The company has initiated legal action for overdue trade receivables amounting to RMB 2.3159 million as of March 2025, with plans to pursue further legal actions based on collection progress[13]. - The company has established a tiered legal collection system for overdue receivables, with actions including sending lawyer letters for amounts overdue by more than 90 days[13]. - The company has not initiated legal actions against long-term clients with overdue receivables due to the current economic environment and the value of maintaining long-term partnerships[11]. - The company assesses clients' repayment capabilities based on their credit history, asset status, and operational conditions[12]. - The company has a structured action plan for collecting overdue receivables, including monthly reconciliation and formal collection letters[14]. - The total amount of overdue trade receivables under RMB 300,000 accounts for only 19.5% of the total receivables[10]. - The company is executing cash-on-delivery for new orders from clients with overdue receivables to mitigate transaction risks[14]. Cash Collection Targets - As of October 31, 2025, the company has recovered RMB 33.0 million, representing 46.1% of the outstanding receivables[10]. - As of September 30, 2025, the preliminary cash collection target is RMB 32.3 million, achieving 45.2% of the goal[16]. - By December 31, 2025, the target for new cash collections is set to be at least RMB 39 million[16]. - By December 31, 2026, the cash collection target is set at RMB 50 million[16]. Expected Credit Losses - The expected credit loss (ECL) for trade receivables as of December 31, 2024, totals RMB 21.67 million, with the breakdown including RMB 15.12 million for receivables overdue by more than 180 days[21]. - Expected credit losses for current trade receivables are RMB 238,267, representing 1.4% of the total[24]. - Expected credit losses for receivables overdue within 90 days are RMB 1,469,637, which is 8.9%[24]. - Expected credit losses for receivables overdue within 180 days are RMB 4,840,978, accounting for 28.0%[24]. - Expected credit losses for receivables overdue beyond 180 days are RMB 15,119,470, representing 72.6%[24]. - There have been no significant changes in the key input data and assumptions used for assessing the recoverable amount and impairment of trade receivables compared to the previous period[25]. - The assessment method for trade receivables as of December 31, 2024, remains unchanged from prior assessments[25]. - All other information disclosed in the 2024 report remains unchanged, aside from the details mentioned above[25]. Revenue Projections - The projected revenue growth rate for the forecast period ranges from -28.7% to 20.8%[20]. - The net profit margin during the forecast period is estimated to range from -5.7% to 22.1%[22]. - A pre-tax discount rate of 14.45% is applied to reflect the business risks associated with the CGU[22]. - The forward-looking adjustment coefficient for 2024 is set at 0.94, based on Moody's 2024 annual default study and Bloomberg's 2025 economic forecasts[24]. - As of the baseline date, the company has recovered accounts receivable amounting to RMB 19,236,165, leading to an assumed default probability of 0 for subsequent receivables[24]. - Total trade receivables as of December 31, 2024, amount to RMB 71,616,508, with an adjusted amount of RMB 52,380,343[24].

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更高投 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買賣之證券可能會較於聯交所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買賣之證券會有高流通量的市場。 亦辰集團有限公司 香港聯合交易所有限公司（「聯交所」）GEM之特色 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，對其準確性或完整性亦不發表任何聲明， 並明確表示，概不會就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。 亦辰集團有限公司（「本公司」）董事願就本年報之資料共同及個別地承擔全部責任，本年報乃遵照聯交所 GEM證券上市規則（「GEM上市規則」）之規定而提供有關本公司之資料。本公司董事（「董事」）在作出一切 合理查詢後，確認就其所深知及確信，本年報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實致使本年報或其所載任何陳述產生誤導。 1 年報 2024 - 2025 目錄 | | 頁次 ...

Financial Performance - The company reported a revenue of approximately HKD 467.1 million for the fiscal year ending September 30, 2025, a decrease of about HKD 269.5 million or 36.6% compared to the previous fiscal year[10]. - Other income for the fiscal year 2025 was approximately HKD 1.9 million, a decrease of about HKD 1.6 million compared to the previous fiscal year, primarily due to reduced bank interest income[11]. - The gross profit margin increased from 1.8% in the fiscal year 2024 to 3.1% in the fiscal year 2025, driven by improved profit margins on completed projects[10]. - The company announced an interim dividend of HKD 0.03 per share for the fiscal year 2025, totaling HKD 20 million, compared to zero in the fiscal year 2024[68]. - The company did not recommend a final dividend for the fiscal year 2025, consistent with the previous fiscal year[69]. - The company's distributable reserves as of September 30, 2025, were approximately HKD 139.9 million, which includes share premium and share option reserves after deducting accumulated losses[74]. Contracts and Projects - The company has secured long-term contracts totaling over HKD 1.9 billion, which will contribute to stable revenue over the next few years[9]. - As of September 30, 2025, the group has secured several significant contracts exceeding HKD 1,900 million, supported by ongoing government investments in various construction projects in Hong Kong[26]. - The company is focusing on four major projects, including the second phase of the Kai Tak New Emergency Hospital and the Kwong Wah Hospital, to enhance its service offerings[9]. - The company has completed the first phase of the Kai Tak New Emergency Hospital and is progressing with the second phase, contributing to its project pipeline[9]. Employee and Workforce Management - The number of long-term employees decreased from 86 to 84, while short-term employees decreased from 1,022 to 547 as of September 30, 2025[18]. - The total number of employees as of September 30, 2025, was 631, down from 1,108 in the previous year, including 84 long-term employees and 547 short-term employees[139]. - The employee turnover rate for males was 4% in 2025, compared to 3% in 2024, while for females it remained at 0%[164]. - The total employee training hours decreased from 4,955 hours in 2024 to 2,930 hours in 2025, representing a reduction of approximately 41%[174]. - The number of trained employees decreased from 1,108 in 2024 to 631 in 2025, a decline of about 43%[174]. - The average training hours per employee increased slightly from 4.47 hours in 2024 to 4.64 hours in 2025, an increase of approximately 3.8%[174]. - The company maintained a 100% training participation rate among employees in both 2024 and 2025[174]. Corporate Governance - The board consists of five members, including the chairman and CEO, with a commitment to maintaining high standards of corporate governance[30]. - The company has adopted the standard code of conduct for securities trading by directors and confirmed compliance for the fiscal year 2025[29]. - The board held four meetings during the fiscal year, with some meetings having less than the required 14 days' notice for members[30]. - The company emphasizes continuous professional development for directors, ensuring compliance with corporate governance codes[37]. - The board confirmed that the financial statements accurately reflect the group's financial position and performance, adhering to all relevant statutory requirements and accounting standards[49]. - The company has adopted corporate governance policies and practices to ensure compliance with legal and regulatory requirements[39]. - All independent non-executive directors have submitted annual confirmations of their independence, and the company considers them to be independent individuals[114]. Risk Management and Internal Controls - The company has established a prudent internal control framework to assess and manage risks[35]. - The board believes that the risk management and internal control systems are effective and sufficient, complying with the corporate governance code[48]. - The internal audit function reviewed the effectiveness of the group's risk management and internal control systems, reporting findings and recommendations to the audit committee and board[47]. - The company will regularly follow up on corrective actions to ensure that identified weaknesses are appropriately addressed[47]. Environmental, Social, and Governance (ESG) Initiatives - The group’s ESG report outlines its commitment to sustainable development and includes key performance indicators related to emissions and resource usage[127][133]. - The company has established a comprehensive environmental management system and obtained ISO 14001:2015 certification, ensuring compliance with applicable environmental laws and regulations[137]. - The total greenhouse gas emissions for the reporting period were approximately 58.76 tons, a decrease from 71.70 tons in the previous year, with an emissions density of 0.09 tons per employee compared to 0.06 tons per employee in the prior year[139]. - The company aims to reduce greenhouse gas emissions by 2% in the upcoming year, implementing measures such as optimizing vehicle routes and using low-sulfur fuel[139]. - The company has implemented measures to reduce energy consumption, thereby minimizing its carbon footprint[140]. - The group aims to reduce energy consumption by 2% in the upcoming year, including water usage[146]. - The company has established appropriate management policies and internal control systems for ESG matters during the reporting period[135]. Shareholder Information - The company has a total of 138,856,000 shares held by Mr. Gao Junxi, representing 22.79% of the issued share capital[82]. - Mr. Gao Junxi also holds 302,747,000 shares through a controlled corporation, accounting for 45.40% of the issued share capital[82]. - Ms. Gao Yongli holds 6,600,000 shares, which is 0.99% of the issued share capital[82]. - Major shareholders as of September 30, 2025, include Mr. Gao Junxi with 68.19% and Da De Investment Trading Co., Ltd. with 45.40% of the issued shares[108]. Supplier and Customer Relationships - The company has a strong focus on maintaining good relationships with suppliers, subcontractors, and customers to achieve its current and long-term goals[78]. - The top five customers accounted for approximately 99.5% of the total revenue in the fiscal year 2025, with the largest customer contributing about 80.2%, up from 63.9% in the fiscal year 2024[76]. - The top five suppliers represented about 41.3% of total material costs in the fiscal year 2025, a decrease from 67.1% in the fiscal year 2024, with the largest supplier accounting for 10.9%[77]. - The company reported that the top five subcontractors accounted for approximately 98.9% of total subcontracting fees in the fiscal year 2025, with the largest subcontractor contributing 90.0%[77]. Charitable Contributions - The group made charitable donations of approximately HKD 250,000 in the fiscal year 2025, compared to HKD 1,100,000 in the fiscal year 2024[124]. - The company donated approximately HKD 250,000 to charitable organizations during the reporting period, compared to HKD 1,110,000 in 2024[189].

Financial Performance - For the six months ended November 30, 2025, the Company reported revenue of RM 18,905,000, an increase of 21.5% compared to RM 15,494,000 in the same period of 2024[14]. - Gross profit for the same period was RM 5,446,000, reflecting a growth of 26.3% from RM 4,311,000 in 2024[15]. - Profit before taxation increased to RM 1,406,000, up 3.9% from RM 1,353,000 in the previous year[15]. - Profit for the period from continuing operations was RM 789,000, compared to RM 747,000 in the same period last year, marking a 5.6% increase[15]. - Total comprehensive income for the period increased to RM 628,000, compared to RM 254,000 in the previous year, representing a growth of 147.2%[16]. - Basic earnings per share from continuing operations rose to 4.83 RM cents, up from 4.77 RM cents, reflecting a 1.3% increase[16]. - The company reported a profit for the period of RM 789,000, compared to RM 722,000 in the previous year, an increase of 9.3%[20]. Expenses and Costs - Administrative expenses rose to RM 2,710,000, up from RM 2,516,000, indicating a 7.7% increase year-over-year[15]. - Selling and distribution expenses increased to RM 1,213,000, compared to RM 899,000 in the previous year, representing a 35% rise[15]. - Finance costs increased to RM 104,000 from RM 46,000, showing a significant rise of 126.1%[15]. - Cost of inventories recognized as an expense was RM 8,390,000, compared to RM 7,338,000 in the prior year, representing an increase of approximately 14.4%[51]. - Staff costs, excluding directors' remuneration, amounted to RM 2,471,000, up from RM 2,154,000, indicating a rise of about 14.7%[51]. Assets and Liabilities - Non-current assets totaled RM 22,100,000 as of November 30, 2025, a slight decrease from RM 22,395,000 as of May 31, 2025[17]. - Current assets decreased to RM 31,771,000 from RM 32,768,000, indicating a decline of 3%[18]. - Total equity increased to RM 37,336,000 from RM 36,708,000, marking a growth of 1.7%[18]. - Total non-current liabilities decreased to RM 6,064,000 from RM 6,360,000, reflecting a reduction of 4.6%[18]. - The Group's total liabilities as of November 30, 2025, are RM10,101,000, compared to RM11,280,000 as of May 31, 2025[79]. Cash Flow - Net cash generated from operating activities for the six months ended 30 November 2025 was RM 3,161,000, compared to a cash used of RM 1,141,000 in the same period of 2024[21]. - Net cash used in investing activities was RM 1,706,000 for the six months ended 30 November 2025, a decrease from RM 1,930,000 in the previous year[21]. - Net cash used in financing activities amounted to RM 407,000 for the six months ended 30 November 2025, compared to a cash generated of RM 198,000 in the same period of 2024[22]. - The total cash and cash equivalents at the end of the period was RM 22,181,000, a decrease from RM 23,432,000 in the previous year[22]. Market and Operations - The company is engaged in manufacturing and trading precast concrete junction boxes and providing mobile crane rental services in Malaysia, as well as operating an e-commerce platform in China[25]. - The Group manufactures precast concrete junction boxes for telecommunication and electrical infrastructures, which are used in various construction projects in Malaysia[94]. - The Group has been a registered supplier for notable telecommunication companies since 2008 and for Tenaga National Bhd. since 2012, enhancing its market position[95]. - The Group has entered the e-commerce platform business following the acquisition of Shenzhen Wanshun eCar Cloud Tech & Information Co., Ltd., contributing approximately RM70,000 in revenue during the period[105]. Share Capital and Dividends - The company did not recommend the payment of a dividend for the six months ended 30 November 2025, consistent with the previous year[66][68]. - The Group's issued and fully paid share capital as of November 30, 2025, is RM13,081,000, with a total of 16,352,000 shares issued[85]. - The Group entered into an agreement to acquire 1% of the registered capital of a target company for a total consideration of HK$34 million, to be settled through the issuance of promissory notes[121]. Taxation - For the six months ended 30 November 2025, the Malaysia corporate income tax was calculated at a statutory rate of 24%, resulting in a tax expense of RM 617,000, compared to RM 606,000 for the same period in 2024[55][56]. - The Hong Kong Profits Tax for the six months ended 30 November 2025 was calculated at a rate of 16.5%, with no assessable profits leading to no tax provision for the period[57][58]. Risks and Compliance - The Group is exposed to credit risk and liquidity risk due to reliance on cash inflow from customers[173]. - The Group faces operational risks due to fluctuations in raw material prices, which may adversely impact financial results[172]. - The Company has complied with the Corporate Governance Code, except for the separation of roles between the chairman and CEO[179]. - The Company has complied with relevant laws and regulations that significantly impact its operations during the reporting period[193].

Financial Performance - The company reported revenue of HKD 18,905,000 for the six months ending November 30, 2025, representing an increase from HKD 15,494,000 in the same period last year, which is a growth of approximately 21.5%[5] - Gross profit for the same period was HKD 5,446,000, up from HKD 4,311,000, indicating a year-over-year increase of about 26.3%[5] - The company achieved a profit before tax of HKD 1,406,000, compared to HKD 1,353,000 in the prior year, marking a growth of about 3.9%[5] - The net profit attributable to shareholders from continuing operations was HKD 789,000, compared to HKD 747,000 in the previous year, showing an increase of approximately 5.6%[5] - The company reported a comprehensive income total of 628 thousand HKD for the six months ended November 30, 2025, which includes a profit of 789 thousand HKD[9] - The group reported a pre-tax profit of 8,390 thousand Ringgit for the six months ending November 30, 2025, compared to 7,338 thousand Ringgit for the same period in 2024, representing a year-over-year increase of approximately 14.4%[25] - The group recorded a net profit of approximately 789,000 MYR for the six months ended November 30, 2025, due to a focus on higher-margin precast junction boxes and ongoing cost control[55] Expenses and Costs - The company incurred a selling and distribution expense of HKD 1,213,000, compared to HKD 899,000 in the previous year, reflecting a rise of approximately 35%[5] - The company’s administrative expenses were HKD 2,710,000, compared to HKD 2,516,000 in the previous year, reflecting an increase of about 7.7%[5] - Employee compensation costs, including salaries and other benefits, increased to 2,285 thousand Ringgit in 2025 from 2,032 thousand Ringgit in 2024, reflecting a growth of about 12.4%[25] - The company incurred interest expenses of 22 thousand Ringgit for the six months ending November 30, 2025, compared to 4 thousand Ringgit in the previous year, indicating a significant increase in financing costs[24] - Sales and distribution expenses rose by approximately 34.93%, from about 899,000 MYR to about 1.2 million MYR[54] Assets and Liabilities - The total assets amounted to 43,400 thousand, reflecting a stable financial position[8] - The total liabilities were reported at 22,100 thousand, which is a slight decrease from 22,395 thousand[7] - The net value of current assets was 31,771 thousand, showing a decrease from 32,768 thousand, suggesting a need for closer asset management[7] - The company reported a total of 10,101 thousand in current liabilities, down from 11,280 thousand, indicating better management of short-term obligations[7] - The company’s total equity stood at 37,336 thousand, compared to 36,708 thousand, indicating a positive trend in shareholder equity[8] Cash Flow - Cash and cash equivalents increased to 4,681 thousand, compared to 4,054 thousand in the previous period, indicating improved liquidity[7] - The net cash generated from operating activities for the six months ended November 30, 2025, was 3,161 thousand HKD, compared to a net cash used of (1,141) thousand HKD in the previous year[10] - The net cash used in investing activities for the six months ended November 30, 2025, was (1,706) thousand HKD, compared to (1,930) thousand HKD in the previous year[10] - The cash and cash equivalents at the end of November 30, 2025, were 22,181 thousand HKD, down from 23,432 thousand HKD in the previous year[11] Market and Business Strategy - The company is focused on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[5] - The increase in revenue was primarily driven by higher sales of customized precast concrete junction boxes during the reporting period[50] - The group has diversified its business portfolio by entering the e-commerce platform sector, generating approximately 70,000 MYR in revenue during the period[51] - The company plans to use the net proceeds of approximately 4,239,880 HKD from a subscription agreement for general working capital[44] - The company is focused on expanding its market reach and exploring potential mergers and acquisitions[100] Shareholder Information - The basic earnings per share (EPS) from continuing operations was 4.83, up from 4.77, indicating a growth in profitability[6] - The company reported a total of 16,351,632 ordinary shares outstanding for the calculation of basic earnings per share, an increase from 15,666,591 shares in the previous year[31] - Major shareholders include Loh Swee Keong with 17.80% and Li Mingfeng with 16.67% of the shares[77] - As of November 30, 2025, the directors and key executives hold 2,911,200 shares, representing 17.80% of the company's issued share capital[75] Compliance and Governance - The company has complied with all relevant laws and regulations that significantly impact its operations as of November 30, 2025[94] - The audit committee, consisting of three members, has reviewed the company's financial statements and confirmed compliance with applicable standards and GEM listing rules[99] - The board emphasizes the importance of corporate governance and compliance[100] Risks and Challenges - The group faces significant operational risks related to competition and overall economic conditions affecting construction projects[84] - The group relies on cash inflows from customers to meet payment obligations to suppliers, exposing it to credit and liquidity risks[86] - The group monitors foreign currency risks closely, as fluctuations in the Malaysian Ringgit can impact financial performance and dividend payments[80]