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。 SAM WOO CONSTRUCTION GROUP LIMITED 三和建築集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3822） 截至2025年9月30日止六個月的中期業績 三和建築集團有限公司（「本公司」）董事會欣然呈列本公司及其附屬公司截至2025 年9月30日止六個月的未經審核中期業績。本公告載列本公司2025/26年度中期報 告全文，乃符合香港聯合交易所有限公司證券上市規則有關中期業績初步公告附 載的資料之相關要求。 | 管理層討論與分析 | 3 | | --- | --- | | 其他資料 | 8 | | 簡明綜合中期全面收入報表 | 11 | | 簡明綜合中期資產負債表 | 12 | | 簡明綜合中期權益變動表 | 14 | | 簡明綜合中期現金流量表 | 15 | | 簡明綜合中期財務資料附註 | 17 | 三和建築集團有限公司 中期報告 2025/26 2 承董事會命 ...

香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位，乃為中小型公司提供一個上市之市場，此等公司相比起其他在聯交所上市 之公司可能帶有較高投資風險。有意投資之人士應瞭解投資於該等公司之潛在風險，並應 經過審慎周詳之考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於主板買賣之證券承 受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及聯交所對本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，並明確表示概不就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。 本報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關羅馬（元 宇宙）集團有限公司（「本公司」）之資料。本公司各董事（「董事」）願就本報告共同及個別地 承擔全部責任，並在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，並無誤導或欺詐成分，亦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。 財務摘要 截至二零二五年九月三十日止六個月： 1 — 收 ...

香港聯合交易所有限公司（「香港聯交所」）GEM的特色 GEM的定位乃為相比起其他在香港聯交所上市的公司帶有較高投資風險的中小型公 司提供一個上市的市場。有意投資人士應了解投資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。GEM的較高風險及其他特色表示GEM較適合專 業及其他資深投資者。 由於GEM上市公司的新興性質使然，在GEM買賣的證券可能會較於香港聯交所主 板買賣的證券容易受到市場波動的影響。在GEM買賣的證券亦不保證會有高流通量 的市場。 香港交易及結算所有限公司及香港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，並明確表示概不就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的任何損失承擔任何責任。 本報告（君百延集團控股有限公司（「本公司」，連同其附屬公司統稱「本集團」或「我 們」）各董事（「董事」）願就此共同及個別承擔全部責任）乃遵照香港聯交所GEM證券 上市規則（「GEM上市規則」）提供有關本集團的資料。各董事經作出一切合理查詢後 確認，就彼等所深知及確信：(1)本報告所載資料在各重大方面均屬準確及完整，並 無誤導及欺詐成分；(2)本報告並無遺漏其他事 ...

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。 （於開曼群島註冊成立之有限公司） （股份代號：3860） 截至二零二五年九月三十日止六個月之 中期業績公告 財務摘要 - 1 - － 報告期內錄得收益約223.9百萬港元； － 期內之除稅後虧損為約2.6百萬港元； － 根據本公司522,177,419股本公司普通股加權平均數計算，期內之每股基本虧損為 約 0.78港仙；及 － 董事會並不建議派付報告期內之中期股息。 中期業績 EPS創健科技集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然提呈，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 核簡明綜合業績，連同二零二四年同期之未經審核比較數字如下： 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 | | | 截至九月三十日止六個月 | | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 ...

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，概不會就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之有限公司） （股份代號：6893） 截至2025年9月30日止六個月之 中期業績公告 | 財務摘要 | | | | | --- | --- | --- | --- | | | 截至9月30日止六個月 | | | | | 2025 | 2024 | 變動 | | | 千港元 | 千港元 | % | | 收入 | 49,857 | 46,214 | 7.9 | | 毛利 | 34,004 | 30,012 | 13.3 | | 期內虧損 | (9,841) | (19,242) | (48.9) | | 其他全面（開支）╱收益 | (3,494) | 8,744 | | | 每股虧損 | | | | | –基本及攤薄（港仙） | (0.88) | (1.73) | | - 1 - 業績 董事會公佈本集團本期間之未經審核簡明綜合中期業績，連同上一期間之比較數字如下： 簡明綜合損益及其他全 ...

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 1,884,838,000, an increase of 4.0% compared to HKD 1,811,320,000 for the same period in 2024[3] - Gross profit for the same period was HKD 310,069,000, representing a gross margin of approximately 16.4%, up from HKD 282,935,000 in 2024[3] - The net profit attributable to the owners of the company was HKD 3,946,000, a significant decrease of 86.3% from HKD 28,808,000 in the previous year[4] - Basic earnings per share for the period was HKD 0.47, down from HKD 3.42 in the prior year[4] - The total comprehensive income for the period was HKD 40,528,000, compared to HKD 16,481,000 in the same period last year[6] - The segment performance for the control solutions division reported a profit of HKD 116,511,000, down from HKD 126,132,000 in the previous year, a decrease of 7.9%[16] - The company recorded a pre-tax profit of HKD 4,104,000 for the six months ended September 30, 2025, significantly lower than HKD 33,920,000 for the same period in 2024[16] - Financing costs decreased to HKD 26,314,000 from HKD 31,351,000, a reduction of 16.3% year-over-year[18] - The total tax expense for the period was HKD 820,000, down from HKD 6,445,000 in the previous year, indicating a significant reduction of 87.3%[21] - Net profit after tax decreased by 88.0% to HKD 3.3 million, down from HKD 27.5 million in the same period last year, while EBITDA fell 23.7% to HKD 111.8 million, with an EBITDA margin of 5.9% compared to 8.1% last year[37] Assets and Liabilities - The company's non-current assets totaled HKD 915,123,000 as of September 30, 2025, a slight decrease from HKD 926,133,000 as of March 31, 2025[7] - Current assets increased to HKD 1,958,587,000 from HKD 1,882,654,000, primarily driven by an increase in inventory[7] - The company reported a current liabilities total of HKD 1,409,889,000, up from HKD 1,336,358,000, indicating a rise in trade payables[7] - The total equity attributable to the owners of the company was HKD 1,398,837,000, a slight decrease from HKD 1,401,268,000[8] - The total assets of the company as of September 30, 2025, amounted to HKD 2,873,710,000, an increase from HKD 2,808,787,000 as of March 31, 2025[17] - Trade receivables accounted for 22.0% from the largest customer and 60.4% from the top five customers as of the reporting date, indicating a concentration of credit risk[25] - Accounts receivable at the end of the reporting period amounted to HKD 981,856,000, down from HKD 1,235,284,000 as of March 31, 2025[26] - Trade receivables decreased to HKD 538.8 million from HKD 770.9 million, while trade payables slightly decreased to HKD 929.9 million from HKD 950.8 million, reflecting seasonal business cycle characteristics[41] - The debt-to-asset ratio increased to 9.8% from 8.4%, consistent with the seasonal business model[42] Revenue Segments - The Control Solutions segment reported revenue growth of 2.0% to HKD 1,672.0 million, driven by moderate recovery in the HVAC market and significant growth in water and air product applications[35] - The Brand Business segment achieved a strong growth of 23.2%, reaching HKD 212.8 million, supported by active market expansion and the launch of products meeting urgent market demands[35] - Revenue from the control solutions segment reached HKD 1,672.0 million, a 2.0% year-over-year increase, supported by a moderate recovery in the HVAC market and significant growth in water and air product applications[45] Operational Strategies - The company continues to focus on the research, development, manufacturing, and sales of electronic control devices, emphasizing smart and sustainable living[9] - The company continues to invest in technology and R&D to maintain competitive advantages, focusing on innovations in AI, IoT, and other advanced solutions[44] - The company has implemented a "global localization" strategy to enhance customer relationships and B2B partnerships, supported by a scalable operational framework from headquarters[48] - Investment in automation and advanced production equipment has strengthened the manufacturing backbone, increasing capacity and precision while transitioning to a technology-driven operational model[48] - A structured "talent redeployment" plan has been executed to optimize employee productivity and reduce redundancy, enhancing cost efficiency and strategic flexibility[49] - Continued investment in R&D, particularly in AI, machine learning, IoT, and cloud solutions, underpins the company's smart energy and water management solutions[50] - The company anticipates long-term opportunities in sustainable development trends, particularly in energy efficiency and low-carbon technologies, despite a challenging macroeconomic environment[51] - The diversified regional strategy supports growth resilience, with North America and Europe driving demand, while Southeast Asia and mainland China emerge as significant growth pillars[53] - The company continues to focus on operational optimization and strategic investments to enhance long-term competitiveness, despite short-term costs associated with these initiatives[51] - The company is well-prepared to seize emerging opportunities in smart control, automation, and connectivity technologies, supported by a resilient operational model and strong R&D capabilities[57] Employee and Governance - The total employee cost for the period was HKD 362.8 million, an increase from HKD 326.6 million in the first half of the fiscal year 2024/25[65] - The group employed 4,591 employees as of September 30, 2025, compared to 4,007 employees as of March 31, 2025[65] - The company has maintained high standards of corporate governance, ensuring the interests of shareholders are protected[73] - There have been no changes in the information of directors, supervisors, or senior executives that require disclosure under the listing rules as of September 30, 2025[74] - The company has adopted a custom code of conduct for securities trading by directors and senior personnel, which complies with the standards set out in the listing rules[75] Capital Expenditure and Commitments - The total capital expenditure for the period was approximately HKD 60.4 million, compared to HKD 55.1 million in the first half of the fiscal year 2024/25[60] - As of September 30, 2025, the group had contracted but not provided for capital commitments of HKD 14.3 million, up from HKD 10.4 million as of September 30, 2024[61] - The group pledged short-term bank deposits of HKD 23.4 million, an increase from HKD 18.4 million as of March 31, 2025[63] - As of September 30, 2025, there were no significant contingent liabilities[62] Share Awards and Dividends - The 2023 Share Award Scheme allows for a total of 84,254,000 shares to be awarded, representing 10% of the total issued shares[67] - A total of 16,400,000 awards remain unvested under the 2023 Share Award Scheme as of September 30, 2025[68] - The number of awards available for grant under the 2023 Share Award Scheme remained at 61,854,000 shares at both the beginning and end of the period, accounting for approximately 7.34% of the company's issued share capital[68] - The company has granted a total of 21,600,000 share options under the 2023 share option plan, with 20,800,000 options remaining unvested as of September 30, 2023[69] - The 2023 share option plan allows for a total of 61,854,000 options to be granted, representing approximately 7.34% of the company's issued share capital[70] - The board expresses heartfelt gratitude to the management and employees for their efforts and contributions during the period[81] - The board does not recommend the payment of an interim dividend for the six months ending September 30, 2025[71] - There were no purchases, sales, or redemptions of the company's listed securities during the period[72] Future Outlook and Economic Environment - The global economic growth is projected to slow to 3.2% in 2025 and further decline to 3.1% in 2026, reflecting ongoing supply-side constraints[30] - Companies are expected to incur at least USD 1.2 trillion in additional costs in 2025 due to tariffs, impacting production and investment decisions[32] - The company operates in a highly uncertain global economic environment, influenced by geopolitical tensions and supply chain disruptions[30] - No significant events affecting the group have occurred after the end of the reporting period and up to the date of this announcement[78] - The audit committee consists of three independent non-executive directors and has reviewed the accounting principles and financial reporting matters of the group[79] - The company will provide further information regarding the interim report as required by the listing rules, which will be sent to shareholders and published on the Hong Kong Stock Exchange website and the company's website[80] - There are no significant future investment or capital asset plans as of September 30, 2025[77]

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 22,774,000, representing a 1.98% increase from HKD 22,334,000 in the same period of 2024[4] - The company reported a pre-tax profit of HKD 35,000 compared to a pre-tax loss of HKD 2,038,000 in the previous year, indicating a significant turnaround[4] - Basic earnings per share improved to HKD 0.01 from a loss of HKD 0.51 per share in the prior year[5] - Total comprehensive income for the period was HKD 36,000, compared to a loss of HKD 2,048,000 in the same period last year[4] - The pre-tax profit for the six months ended September 30, 2025, was HKD 11,238,000, a decrease of 7.8% from HKD 12,188,000 in 2024[21] - The group recorded a profit attributable to the owners of the company of HKD 35,000 for the six months ended September 30, 2025, compared to a loss of HKD 2.0 million for the same period in 2024[41] Assets and Liabilities - Non-current assets decreased to HKD 19,098,000 from HKD 20,298,000 as of March 31, 2025[6] - Current assets decreased to HKD 30,905,000 from HKD 37,145,000, primarily due to a reduction in cash and cash equivalents[6] - The company’s total liabilities decreased from HKD 43,313,000 to HKD 38,754,000, reflecting improved financial stability[6] - The group reported a net current liability of HKD 7,849,000 as of September 30, 2025, primarily due to contract liabilities amounting to HKD 20,897,000[13] - The group’s total equity as of September 30, 2025, was HKD 4.2 million, unchanged from March 31, 2025[53] - The group’s debt-to-asset ratio as of September 30, 2025, was 39.8%, slightly up from 39.7% on March 31, 2025[54] Cash Flow - Cash used in operating activities was HKD 1,372,000, a decline from cash generated of HKD 982,000 in the previous year[8] - The company incurred a net cash outflow of HKD 4,853,000 in the six months ended September 30, 2025, compared to an inflow of HKD 6,017,000 in the same period last year[8] - The group expects to generate sufficient cash flow in the next twelve months to meet its obligations, with available undrawn bank loan facilities of HKD 18,000,000[13] Revenue Breakdown - The revenue breakdown includes HKD 462,000 from medical consultation services, HKD 3,797,000 from prescription and dispensing services, and HKD 18,515,000 from treatment services[16] - The group's revenue for the six months ended September 30, 2025, increased by approximately HKD 0.4 million or 2.0% to HKD 22.8 million, compared to HKD 22.3 million for the same period in 2024[43] - The number of customers for treatment services increased, contributing to the revenue growth[43] Other Income and Expenses - Other income for the six months ended September 30, 2025, totaled HKD 797,000, compared to HKD 634,000 for the same period in 2024, reflecting an increase of 25.8%[20] - Employee costs decreased by approximately HKD 1.0 million or 7.8% to HKD 11.2 million for the six months ended September 30, 2025[46] - Depreciation of right-of-use assets decreased by approximately HKD 1.0 million or 26.9% to HKD 2.7 million for the six months ended September 30, 2025, due to reduced rental expenses[47] Share Capital and Dividends - The company has maintained its share capital at HKD 3,967,000 with reserves increasing to HKD 264,000 from HKD 228,000[6] - The total number of issued shares remained at 396,736,000 as of September 30, 2025, with a par value of HKD 0.01 per share[33] - The company did not declare an interim dividend for the six months ended September 30, 2025, consistent with 2024[25] Strategic Initiatives - The company’s management discussed the strategic positioning of its Medicskin and facematter brands, focusing on medical skin care and aesthetic treatments[38] - The group plans to enhance resilience and competitiveness by continuing operational optimization and improving marketing strategies[42] - The group aims to expand brand awareness and identify new business opportunities through strategic initiatives[42] Market Environment - The global business environment remains uncertain due to geopolitical tensions and high tariffs imposed by the U.S., impacting business confidence in Hong Kong[39] - The company’s management noted a shift in consumer behavior, with local residents increasingly opting for overseas travel and spending in the Greater Bay Area, affecting local market consumption[39] Share Option Scheme - The company has adopted a new share option scheme on September 27, 2024, allowing eligible employees to subscribe for shares[62] - The old share option scheme was terminated at the annual general meeting held on September 27, 2024[74] - The new share option plan has been approved by shareholders at the 2024 Annual General Meeting to attract and retain top talent, effective from September 27, 2024, for a duration of 10 years[75] - No share options were granted, exercised, vested, lapsed, or cancelled for the six months ending September 30, 2025[76] - The new share option plan allows for the grant of options involving 39,673,600 shares and 7,934,720 shares under specific limits for service providers[76] - The remaining term of the new share option plan is approximately 9 years[76] Governance and Compliance - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited interim financial statements for the six months ending September 30, 2025, ensuring compliance with applicable accounting standards and GEM listing rules[77]

Financial Performance - Herald Holdings Limited reported a revenue of HKD 425,046,000 for the six months ended September 30, 2025, representing an increase of 8.4% compared to HKD 392,170,000 in the same period of 2024[2] - The gross profit for the same period was HKD 125,081,000, up 8.8% from HKD 114,989,000 year-on-year[2] - Operating profit increased significantly to HKD 55,745,000, a rise of 82.9% compared to HKD 30,483,000 in the previous year[2] - The net profit attributable to shareholders was HKD 44,236,000, which is a 62.9% increase from HKD 27,189,000 in the prior period[3] - Basic and diluted earnings per share rose to HKD 7.32, compared to HKD 4.50 in the same period last year, marking a 62.7% increase[3] - Total comprehensive income for the period was HKD 53,238,000, up 41.2% from HKD 37,645,000 in the previous year[4] - Profit before tax for the six months ended September 30, 2025, was HKD 55,695,000, compared to HKD 30,359,000 in 2024, reflecting an increase of 83.5%[18] Revenue Breakdown - The toy segment generated HKD 277,899,000 in revenue, up 22.3% from HKD 227,268,000 in 2024[16] - The revenue from North America increased to HKD 217,279,000, a rise of 14.6% from HKD 189,599,000 in 2024[14] - The toys segment revenue increased by 22% to HKD 278,000,000, compared to HKD 227,000,000 in the previous year, with operating profit rising from HKD 15,500,000 to HKD 20,900,000[31] - The computer products segment experienced a 40% decline in revenue to HKD 36,000,000, down from HKD 60,000,000, resulting in an operating loss of HKD 4,700,000[32] - The watch segment's revenue increased by 7% to HKD 111,000,000, compared to HKD 104,000,000 last year, although operating profit slightly decreased to HKD 6,800,000 from HKD 7,000,000[34] Assets and Liabilities - Current assets increased to HKD 691,961,000, compared to HKD 596,344,000 as of March 31, 2025, reflecting a growth of 16.0%[5] - Total assets as of September 30, 2025, amounted to HKD 916,144,000, an increase from HKD 826,822,000 in 2024[18] - Total liabilities as of September 30, 2025, were HKD 291,001,000, up from HKD 236,782,000 in 2024[18] - As of September 30, 2025, the group's current liabilities amounted to HKD 262 million, an increase from HKD 208 million as of March 31, 2025[37] - The group's debt-to-asset ratio was 32% as of September 30, 2025, up from 29% on March 31, 2025[37] Dividends and Gains - The company declared an interim dividend of HKD 18,135,000 for the six months ended September 30, 2025, consistent with the previous year[23] - The group recognized a one-time pre-tax gain of HKD 21,343,000 from the sale of two properties in Shanghai during the reporting period[19] - Net profit attributable to shareholders rose to HKD 44,200,000, up from HKD 27,200,000, primarily due to a one-time after-tax gain of approximately HKD 14,900,000 from the sale of two plots of land in Shanghai[31] Employee and Operational Costs - The total employee cost for the period was HKD 164.37 million, compared to HKD 146.44 million in the previous year[42] - The number of employees as of September 30, 2025, was 2,624, an increase from 2,282 in the previous year[42] Risk Management - The group faced foreign exchange risks primarily from transactions in RMB, USD, and GBP, with management monitoring these risks closely[39] - Management expresses concern over the performance of the toys and computer products segments in the second half of the fiscal year due to geopolitical tensions and intense price competition[35] Cash and Liquidity - As of September 30, 2025, the group had cash and cash equivalents totaling HKD 248,000,000, down from HKD 273,000,000 as of March 31, 2025[36] - The current ratio, representing liquidity, was 2.64 times as of September 30, 2025, down from 2.87 times on March 31, 2025[37] - The quick ratio decreased from 1.77 times on March 31, 2025, to 1.70 times as of September 30, 2025[37] Other Information - The company has not adopted any new standards or interpretations that have a significant impact on its financial performance during the current accounting period[11] - The group had no significant contingent liabilities as of September 30, 2025[38] - The company did not purchase, sell, or redeem any of its listed securities during the six-month period ending September 30, 2025[43]

Financial Performance - For the six months ending September 30, 2025, the group's revenue was HKD 973.34 million, an increase of 1.2% compared to HKD 961.81 million in the same period last year[3] - Net profit attributable to equity shareholders was HKD 150.03 million, up 14% from HKD 131.59 million in the previous year[10] - Total revenue for the six months ended September 30, 2025, was HKD 973,354,000, an increase from HKD 961,807,000 in the same period of 2024, representing a growth of approximately 1.4%[24] - The company reported a profit of HKD 150,034,000 for the six months ended September 30, 2025, compared to HKD 131,590,000 in the same period of 2024, indicating a growth of about 14%[21] - Basic and diluted earnings per share for the period were HKD 150,034,000, compared to HKD 131,590,000 for the same period in 2024, reflecting an increase of about 14%[29] Dividends - The group declared an interim dividend of HKD 0.10 per ordinary share and a special dividend of HKD 0.20 per ordinary share[3] - The company declared an interim dividend of HKD 0.10 per share, consistent with the previous year, while a special dividend of HKD 0.20 was proposed for the current period[30] - The company declared an interim dividend of HKD 0.10 per share and a special dividend of HKD 0.20 per share, totaling HKD 0.30 per share, which is a 200% increase from the previous year[42] - The total dividend payout ratio was 77.19%, significantly higher than 29.96% in 2024, with a total dividend amounting to approximately HKD 115.82 million[42] Revenue Breakdown - Sales revenue in Hong Kong decreased by approximately 1.3% during the review period due to weak consumer confidence[4] - In Taiwan, sales revenue in local currency decreased by 12.5% due to deteriorating market conditions and consumer behavior[4] - In China, sales revenue in local currency grew by 28.3% as the group continued to expand its retail network[4] - Revenue from luxury goods sales amounted to HKD 893,140,000, a slight decrease from HKD 902,856,000 in the previous year, reflecting a decline of about 1.9%[21] - Revenue from Hong Kong was HKD 566,670,000, while Taiwan contributed HKD 251,984,000, showing a decline of 1.1% and 6.7% respectively compared to the previous year[24] Investment and Financial Position - The group achieved a profit of HKD 29 million from prudent management of its investment portfolio during the review period[5] - The group holds net cash of HKD 2.72 billion, positioning it well to navigate the challenging retail environment and potential economic downturns[7] - The net asset value as of September 30, 2025, was HKD 3,723,302,000, up from HKD 3,533,811,000 as of March 31, 2025, indicating an increase of about 5.4%[12] - Current assets increased to HKD 4,522,135,000 from HKD 4,313,977,000, reflecting a growth of about 4.8%[12] - The total liabilities as of September 30, 2025, were HKD 1,289,875,000, slightly up from HKD 1,089,620,000, representing an increase of approximately 18.3%[12] - Cash and bank balances stood at HKD 3,338,778,000, an increase from HKD 3,275,825,000, reflecting a growth of approximately 1.9%[12] - The group's net current financial resources stood at HKD 2.72 billion, an increase from HKD 2.67 billion as of March 31, 2025, with cash and bank balances of HKD 3.338 billion[39] Market Outlook and Strategy - The outlook for the Hong Kong retail market remains weak due to structural changes in consumer behavior and competition from mainland China[6] - The group plans to actively seek new strategic investments to pursue business growth amid changing retail environments[7] Assets and Liabilities - Non-current assets totaled HKD 491,042,000 as of September 30, 2025, down from HKD 569,760,000, a decrease of approximately 13.7%[12] - The company reported a total of HKD 1,097,880,000 in total assets as of September 30, 2025, compared to HKD 1,078,495,000 as of March 31, 2025, showing a slight increase[30] - The effective borrowing interest rate as of September 30, 2025, was 4.21%, up from 3.88% as of March 31, 2025[33] - Commercial payables amounted to HKD 101,193,000, a decrease from HKD 107,676,000 in the previous period, reflecting a decline of approximately 6%[34] - The company has capital commitments of HKD 247,000 as of September 30, 2025, significantly reduced from HKD 7,386,000 as of March 31, 2025[36] - As of September 30, 2025, the company's contingent liabilities amounted to HKD 555.76 million, down from HKD 723.39 million as of March 31, 2025[37] Employee Costs - The total employee cost, including directors' remuneration, was HKD 116.6 million, compared to HKD 114.9 million in 2024, with a workforce of 590 employees[38] Corporate Governance - The company has been adhering to high standards of corporate governance, which is crucial for managing business risks and enhancing shareholder value[45] - The proposal for privatization was not approved and will not be implemented, ensuring the company's continued listing on the stock exchange[47] Accounting and Compliance - The company has not adopted any new accounting standards or interpretations that have not yet come into effect during the reporting period[16] - No share buybacks or redemptions occurred during the review period, and the company does not hold any treasury shares[44] - The company maintained a zero debt-to-capital ratio, indicating no reliance on bank loans after accounting for cash reserves[41] - The current ratio was 4.1 times as of September 30, 2025, compared to 4.0 times as of March 31, 2025[41]

North Asia Strategic Holdings Limited 北亞策略控股有限公司 * (Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） (Stock Code 股份代號 : 8080) 2025/26 * For identification purpose only 僅供識別 Suite 1618, 16th Floor, Jardine House, 1 Connaught Place, Central, Hong Kong Tel : (852) 2918 3788 Fax : (852) 2169 0209 Principal Place of Business www.nasholdings.com 香港中環康樂廣場 1 號怡和大廈 16 樓 1618 室 電話 : (852) 2918 3788 傳真 : (852) 2169 0209 主要營業地點 North Asia Strategic Holdings Limited 北亞策略控股有限公司 * C120915 CHARACTERISTICS OF ...