Revenue and Profitability - The group's revenue for the six months ended September 30, 2025, was approximately HKD 28,460,000, an increase of about HKD 1,100,000 or 4.02% compared to HKD 27,360,000 for the same period in 2024[11]. - Revenue from the jewelry design and marketing business was approximately HKD 10,000,000, down from HKD 11,320,000 in 2024, while revenue from the lending business increased to approximately HKD 18,460,000 from HKD 16,040,000[11]. - Gross profit increased to approximately HKD 19,040,000, a rise of about HKD 2,450,000 or 14.77%, with the gross profit margin improving from approximately 60.64% to 66.89%[11]. - The group's profit before tax for the period was approximately HKD 11,900,000, an increase of about HKD 590,000 compared to HKD 11,310,000 in 2024[13]. - The group's net profit for the period was approximately HKD 8,360,000, down from HKD 10,960,000 in 2024[13]. - Basic earnings per share for the six months ended September 30, 2025, was HKD 0.65, compared to HKD 0.85 in 2024[59]. - The company reported a profit for the period of HKD 8,356,000, down 23.9% from HKD 10,959,000 in the previous year[55]. - Total comprehensive income for the period was HKD 2,708,000, significantly lower than HKD 13,196,000 in the same period last year[57]. Lending Business - The lending business had a total loan amount of approximately HKD 360,920,000 as of September 30, 2025, up from HKD 342,880,000 as of March 31, 2025[17]. - The average interest rate for loans was 10.59% as of September 30, 2025, slightly down from 10.70% as of March 31, 2025[17]. - The company has established a maximum loan amount of HKD 10,000,000, with a loan term not exceeding three years and an interest rate of at least 5%[20]. - Interest income from lending for the same period increased to HKD 18,462,000, up 15.0% from HKD 16,042,000 in 2024[76]. - The company's receivables from loans amounted to HKD 360,924,000 as of September 30, 2025, with an expected credit loss provision of HKD (46,752,000)[97]. Financial Position - The company's total assets as of September 30, 2025, were HKD 384,837,000, slightly down from HKD 384,840,000 as of March 31, 2025[62]. - The company's net current assets as of September 30, 2025, were approximately HKD 250,240,000, including cash and cash equivalents of about HKD 160,000[28]. - The company's debt-to-equity ratio as of September 30, 2025, was 8.16%[28]. - Current liabilities increased to HKD 63,677,000 from HKD 54,372,000 in the previous period[62]. - The net asset value of the company as of September 30, 2025, was HKD 369,841,000, up from HKD 367,133,000 as of March 31, 2025[62]. - The company recorded a decrease in financial costs to HKD 1,630,000 from HKD 1,117,000 in the previous year[55]. - The total amount of other payables and accrued expenses rose to HKD 39,771,000 as of September 30, 2025, from HKD 36,033,000 as of March 31, 2025[20]. - The company's total liabilities included HKD 27,544,000 in convertible bonds and HKD 4,986,000 in loans and interest payable[80]. Risk Management and Market Conditions - The group plans to strengthen risk management to navigate external risks and seize opportunities amid a challenging operating environment[16]. - The geopolitical tensions and economic uncertainties continue to impact consumer spending, particularly in the jewelry design and marketing business[16]. - The number of licensed money lenders has decreased from 2,324 in 2019 to 2,048 in 2025, indicating a contraction in the alternative financing market[23]. Corporate Governance and Compliance - The company has complied with the corporate governance code during the six months ending September 30, 2025[48]. - The company has not engaged in any significant acquisitions or disposals during the six months ending September 30, 2025[25]. - The company has not entered into any derivative contracts to mitigate foreign exchange risks as of September 30, 2025[29]. - No directors or senior executives hold any interests or short positions in the company's shares or related securities as of September 30, 2025[36]. - The company has not established any arrangements that would allow directors or their immediate family members to benefit from acquiring shares or debentures of the company or any other corporate entity[37]. - No major shareholders are known to hold interests in the company's shares or related securities that require disclosure under the Securities and Futures Ordinance as of September 30, 2025[38]. Employee and Management Information - The company maintains a workforce of 7 employees as of September 30, 2025, with compensation based on job nature, experience, and market conditions[33]. - For the six months ended September 30, 2025, the short-term employee benefits for key management personnel amounted to HKD 599,000, a decrease from HKD 683,000 for the same period in 2024[115]. - As of September 30, 2025, the company has not identified any incidents of employees violating the written guidelines regarding securities trading[35]. Share Capital and Options - The new share option plan adopted on September 29, 2021, allows the company to grant options to eligible participants to reward contributions to the group's successful operation[39]. - A total of 124,927,550 ordinary shares are available for issuance under the new share option plan, representing 10% of the issued share capital as of the mid-term report date[41]. - The new share option plan will remain effective until September 28, 2031, subject to early termination provisions[46]. - As of September 30, 2025, there are no unexercised options remaining under the new share option plan[47]. - The total issued and fully paid ordinary shares remained at 1,294,706,000 shares with a share capital of HKD 129,471,000 as of September 30, 2025[22]. Inventory and Receivables - Inventory held for sale increased to HKD 98,268,000 as of September 30, 2025, compared to HKD 93,929,000 as of March 31, 2025[16]. - The company has a credit period of 90 days for trade customers, with accounts receivable aging analysis showing HKD 4,249,000 overdue as of September 30, 2025[18]. - As of September 30, 2025, accounts receivable from customers (net of expected credit loss provisions) totaled HKD 314,172,000, an increase from HKD 296,339,000 as of March 31, 2025[14]. - The expected credit loss provision for accounts receivable increased to HKD 937,000 as of September 30, 2025, from HKD 440,000 as of March 31, 2025[17].

Financial Performance - The company recorded revenue of approximately HKD 359.2 million for the six months ended September 30, 2025, a decrease of about 25.2% compared to HKD 480.0 million for the same period in 2024[5]. - Net profit decreased from approximately HKD 12.2 million for the six months ended September 30, 2024, to about HKD 3.0 million for the current period, primarily due to reduced revenue and declining gross margins[5]. - Gross profit decreased from approximately HKD 34.1 million to HKD 14.5 million, with gross margin dropping from 7.1% to 4.0%, primarily due to reduced revenue and intense market competition[16]. - Net profit fell from approximately HKD 12.2 million to HKD 3.0 million, mainly attributed to decreased revenue during the period[20]. - Revenue for the six months ended September 30, 2025, was HKD 359,216,000, a decrease of 25.2% compared to HKD 479,970,000 for the same period in 2024[33]. - Gross profit for the same period was HKD 14,472,000, down 57.6% from HKD 34,118,000 in 2024[33]. - Net profit for the period was HKD 3,013,000, a decline of 75.7% compared to HKD 12,182,000 in the previous year[33]. - Operating cash flow for the six months was HKD 37,615,000, down 40.1% from HKD 62,709,000 in 2024[37]. - The group reported a total segment profit of HKD 8,098,000, down 63.2% from HKD 22,039,000 in the previous year[47]. - The profit before tax was HKD 3,013,000, a decrease of 75.3% compared to HKD 12,183,000 for the same period in 2024[58]. Revenue Breakdown - Revenue from construction projects was approximately HKD 244.8 million, contributing about 68.1% of total revenue, down from HKD 330.7 million and 68.9% in the previous period[9]. - Revenue from construction machinery leasing was approximately HKD 114.4 million, compared to HKD 149.3 million in the previous period[8]. - Revenue from construction engineering was HKD 244,779,000, down 26.0% from HKD 330,662,000 in 2024[45]. - Revenue from construction machinery leasing was HKD 114,437,000, a decline of 23.4% from HKD 149,308,000 in 2024[45]. Market Conditions - The construction market remains under pressure with residential prices facing challenges and consumer sentiment being cautious[5]. - The Hong Kong government plans to invest an additional HKD 30 billion in infrastructure and housing projects over the next three years, providing a stable demand source for the construction industry[6]. - Major ongoing projects include the Northern Metropolis Development Strategy and various railway projects, despite a generally sluggish construction market[6]. - The outlook indicates a potential slowdown in overall market demand due to the completion of major projects, although government infrastructure initiatives are expected to provide stable public sector engineering opportunities[23]. Cost Management - Administrative expenses decreased to approximately HKD 10.5 million from HKD 11.6 million, mainly due to a reduction in employee-related costs[18]. - Financing costs decreased by 49.5% to approximately HKD 3.1 million, attributed to a reduction in outstanding interest-bearing debt and lower applicable interest rates[19]. - The group employed 349 staff as of September 30, 2025, down from 467, with total employee costs of approximately HKD 81.5 million compared to HKD 123.9 million in the previous period[27]. - Cash outflow from leases totaled approximately HKD 18,631,000 for the six months ended September 30, 2025, down from HKD 35,516,000 in the same period of 2024, a decrease of about 48%[71]. Assets and Liabilities - Total assets decreased to HKD 398,957,000 from HKD 409,360,000 as of March 31, 2025[34]. - Current liabilities decreased to HKD 230,268,000 from HKD 274,311,000[34]. - The company's net asset value increased to HKD 293,724,000 from HKD 290,711,000[35]. - The total trade receivables as of September 30, 2025, were HKD 240,688,000, a decrease of 17.0% from HKD 290,105,000 as of March 31, 2025[61]. - The group had a bank balance of approximately HKD 29.8 million as of September 30, 2025, with interest-bearing debt of approximately HKD 97.1 million, resulting in a debt-to-equity ratio of 33.0%, down from 40.3%[21]. Corporate Governance - The company maintains a strong commitment to corporate governance, emphasizing transparency and accountability to enhance shareholder value[80]. - The company has complied with the corporate governance code as per the listing rules, with a focus on enhancing governance practices[81]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated interim financial information for the period[92]. - The company is committed to strengthening its corporate governance practices to align with its business operations and development[81]. Shareholder Information - As of September 30, 2025, Mr. Hu holds 244,398,000 shares, representing approximately 58.89% of the company's total shares[83]. - The company does not plan to declare any interim dividends for the period[22]. - The company did not declare or recommend any dividends for the six months ended September 30, 2025, nor for the same period in 2024[57]. - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[90].

Financial Performance - The company reported a revenue of HKD 500 million for the six months ended September 30, representing a 15% increase year-over-year[14]. - EBITDA for the same period was HKD 120 million, reflecting a margin of 24%[14]. - User base grew to 1.2 million active users, an increase of 20% compared to the previous period[14]. - Future guidance indicates expected revenue growth of 10-15% for the next fiscal year[14]. - Revenue decreased from $11,600,000 for the six months ended September 30, 2024, to $2,300,000 for the same period in 2025, a decline of $9,300,000 or 80.4%[27]. - Gross profit increased to $500,000 for the six months ending September 30, 2025, from $100,000 for the same period in 2024, an increase of approximately $400,000[29]. - Operating loss narrowed to $281,000 from $5,422,000 year-over-year, reflecting operational improvements[124]. - Net loss for the period was $3,179,000, a reduction from $7,474,000 in the previous year, showing progress in financial performance[124]. Operational Efficiency - The fleet's utilization rate was 99.8% during the six months from April 1 to September 30, 2025, indicating high operational efficiency[23]. - The company aims to maintain a cautious operational strategy to manage daily vessel operations and control operational costs effectively[26]. - The total salary and related costs for the six months ended September 30, 2025, amounted to approximately $1,300,000, down from $2,000,000 for the same period in 2024[67]. - The company is focused on improving cash flow from dry bulk shipping operations while controlling capital and operational expenditures[143]. Strategic Initiatives - The company plans to launch two new products in Q1 2026, aiming to capture an additional 10% market share[14]. - The company is exploring potential acquisitions in the technology sector to enhance its product offerings[14]. - Market expansion efforts are focused on Southeast Asia, with a projected investment of HKD 50 million[14]. - The company has established a strategic partnership with a leading tech firm to enhance its service capabilities[14]. - The company is exploring options for market expansion and potential strategic partnerships to enhance shareholder value[87]. Financial Position - Total assets as of September 30, 2025, were $92,182,000, while total liabilities were $(83,676,000), resulting in net assets of $8,506,000[15]. - The company's cash and cash equivalents increased to $2,800,000 as of September 30, 2025, up from $200,000 as of March 31, 2025[50]. - The company has a net current liability of approximately $7,000,000 as of September 30, 2025, down from $8,600,000 as of March 31, 2025[52]. - The company has ongoing discussions with potential investors regarding financing options to repay the outstanding redemption amount of the convertible bonds[49]. - The company has a total outstanding redemption amount of $47,930,000 as of January 21, 2025, with a repayment schedule including at least $300,000 per quarter in 2025 and a minimum of $1,400,000 in Q4 2025[47]. Governance and Management - The company has a strong management team with diverse backgrounds in finance, accounting, and corporate governance, enhancing its strategic planning capabilities[77]. - The management team includes independent directors with significant experience in finance and investment banking, contributing to robust governance practices[79]. - The company is committed to maintaining transparency and accountability in its financial reporting and corporate governance[78]. - The company has acknowledged significant uncertainty regarding its ability to continue as a going concern due to the financial losses and liabilities[120]. Shareholder Information - As of September 30, 2025, the company has a total of 952,613,513 shares issued, with Lin holding 597,952,500 shares, representing 62.77% ownership[84]. - The major shareholder, Yao Feng, holds 597,952,500 shares, which is 62.77% of the total shares[88]. - The company is actively managing its shareholding structure to comply with the Securities and Futures Ordinance regulations[86]. - The total number of shares held by major shareholders indicates a concentrated ownership structure, with significant implications for corporate governance[88]. Debt and Financing - The company has a total of $57,800,000 in other loans, including convertible bonds, as of September 30, 2025[50]. - The company has entered into a supplemental agreement to adjust the repayment schedule for the outstanding convertible bonds totaling $47,930,000[119]. - The company is actively seeking additional financing, including debt financing and bank loans, to improve liquidity[140]. - The company has not secured any loans under the funding commitment agreement as of the report date, maintaining a cautious approach to financing[143]. Market Conditions - Global dry bulk shipping demand is projected to grow at a rate of 1.0% to 2.0% from 2025 to 2026, slightly improving from 0% to 1.0% in 2025[25]. - Coal trade volume is expected to decline by 7.9% from 2024 to 2026, primarily due to renewable energy adoption in the EU and increased domestic coal production in China[25]. - The global fleet capacity is expected to grow by 2.6%, outpacing demand growth, leading to potential downward pressure on freight rates and second-hand vessel prices[26].

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。 奧思集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1161） 截 至 二 零 二 五 年 九 月 三 十 日 止 年 度 之 全 年 業 績 公 告 財 務 摘 要 – 1 – • 截 至 二 零 二 五 年 九 月 三 十 日 止 年 度，集 團 收 益 保 持 穩 定，約 為 981,300,000港 元（二 零 二 四 年：983,200,000港 元）。 • 儘 管 香 港 零 售 和 經 濟 環 境 充 滿 挑 戰，但 截 至 二 零 二 五 年 九 月 三 十 日， 集 團 核 心 經 營 溢 利 及 純 利 均 有 所 增 加，成 為 香 港 美 容 服 務 企 業 中 少 數 幾 家 能 持 ...

Market Overview - The scale of China's funeral services market reached RMB 169.5 billion in 2015 and is expected to expand to RMB 521.2 billion by 2030, with a stable CAGR forecast [13]. - By the end of 2024, the population aged 60 and above in China is projected to exceed 300 million, accounting for 22% of the total population [13]. - Annual deaths in China are expected to sustain between 10.93 million and 12.22 million from 2025 to 2030 due to the accelerating aging trend [13]. - China's urbanization rate is projected to approach 68% by 2025 and exceed 73% by 2030, contributing to rising per capita disposable income [13]. Company Performance - The Group recorded a revenue of approximately HK$98.5 million for the six months ended 30 September 2025, a decrease of 3.7% compared to the previous period's revenue of approximately HK$102.3 million [35]. - The gross profit ratio decreased from 72.6% in the previous period to 68.4% for the current period [35]. - The Group's earnings before interest and tax was approximately HK$1.2 million, down from approximately HK$29.4 million in the previous period [35]. - The Group recorded a loss of approximately HK$10.1 million for the period, compared to a profit of approximately HK$18.2 million for the six months ended September 30, 2024 [39]. - Total revenue decreased to approximately HK$98.5 million, down from approximately HK$102.3 million for the six months ended September 30, 2024, primarily due to a VAT payment of approximately HK$4.8 million related to the cemetery business [40]. - Gross profit decreased to approximately HK$67.4 million, a decline of 9.8% compared to approximately HK$74.3 million for the same period last year, attributed to a 13% decrease in the average selling price of burial plots [40]. Operational Developments - The Group has achieved phased results in operation compliance, service improvement, product innovation, and brand building during the reporting period [21]. - The Group aims to optimize its product structure and service systems by promoting the integration of technology and the funeral industry [29]. - The Group is committed to enhancing operational efficiency and compliance awareness amid industry transformation and market challenges [30]. - Digital empowerment in the post-pandemic era is accelerating the upgrading and transformation of funeral services, injecting new growth momentum into the market [16]. - The "Unlimited" digital life experience space launched during the Tomb-sweeping Festival received widespread acclaim, integrating technologies like holography and AI with funeral services [24]. Financial Condition - The Group's financial condition remains robust, with overall business objectives progressing on track, laying a solid foundation for high-quality development [21]. - As of September 30, 2025, the Group's current ratio was approximately 2.17, down from approximately 3.42 as of March 31, 2025, due to a decrease in current assets [55]. - The gearing ratio at the end of the period was approximately 0.27, compared to approximately 0.24 as of March 31, 2025 [55]. - Total assets increased to approximately HK$1,308.7 million, while net assets decreased to approximately HK$949.5 million as of September 30, 2025 [58]. - The Group's net cash outflow was approximately HK$38.4 million for the period, compared to a net cash outflow of approximately HK$16.9 million for the six months ended September 30, 2024 [54]. Employee and Administrative Costs - Total staff costs for the Period amounted to approximately HK$19.3 million, an increase from approximately HK$17.7 million for the six months ended September 30, 2024 [79]. - Administrative expenses rose slightly from approximately HK$36.7 million to approximately HK$37.5 million, driven by increased maintenance costs and tax surcharges [43]. - Selling and distribution expenses increased significantly from approximately HK$12.0 million to approximately HK$31.9 million, mainly due to additional VAT and wage expenses [42]. Shareholder Information - The issued share capital of the Company remained unchanged at 2,221,363,150 Shares during the period [57]. - Master Point Overseas Limited holds 1,273,530,616 shares, representing 57.33% of the total issued shares [99]. - The total number of ordinary shares in issue as of September 30, 2025, is 2,221,363,150 [94]. - The shareholding structure indicates that Master Point Overseas Limited is an associated corporation due to its ownership of more than 50% of the issued share capital [92]. Compliance and Governance - The Audit Committee, comprising three Independent Non-executive Directors, has reviewed the financial reporting process and internal controls without disagreement on accounting treatments [132]. - The company has complied with all applicable code provisions of the CG Code throughout the six months ended September 30, 2025 [131]. - The company confirmed compliance with the Model Code for Securities Transactions by Directors throughout the reporting period [136]. Revenue Breakdown - Revenue for the six months ended September 30, 2025, was HK$98,499,000, a decrease of 3.9% from HK$102,307,000 in the same period of 2024 [141]. - Sales of tombs and niches increased to HK$88,560,000, up 2.1% from HK$86,712,000 year-over-year [186]. - Burial services revenue decreased significantly to HK$5,787,000, down 46.3% from HK$10,770,000 in the previous year [186]. - Management fee income fell to HK$4,152,000, a decrease of 13.9% from HK$4,825,000 [186]. Cash Flow and Investments - For the six months ended September 30, 2025, the company generated cash from operations amounting to HK$40,078,000, an increase of 29.5% compared to HK$30,957,000 for the same period in 2024 [151]. - The company incurred net cash flows used in investing activities of HK$73,737,000, compared to HK$45,209,000 in the prior year, reflecting increased investment expenditures [151]. - The company experienced a net decrease in cash and cash equivalents of HK$38,373,000, compared to a decrease of HK$16,897,000 in the same period last year [153].

(Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） Stock code 股份代號 : 01557 INTERIM REPORT 中期報告 2025/26 INTERIM REPORT 2025/2026 2025/2026 中期報告 CONTENTS 目錄 01 02 Corporate Information 公司資料 04 Management Discussion and Analysis 管理層討論及分析 16 Corporate Governance and Other Information 企業管治及其他資料 21 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 簡明綜合損益及其他全面收益表 24 Condensed Consolidated Statement of Financial Position 簡明綜合財務狀況表 26 Condensed Consolidated S ...

中期報告 2025/26 股份代號:6 4 1 結好控股有限公司 中期報告 2O25/26 未經審核中期業績 結好控股有限公司（「本公司」）之董事會（「董事會」或「董事」）欣然宣佈本公司及其附 屬公司（統稱「本集團」）截至二零二五年九月三十日止六個月之未經審核簡明綜合中 期業績連同去年同期之比較數字。本公司之審核委員會已審閱截至二零二五年九月 三十日止六個月之未經審核簡明綜合中期財務報表。 簡明綜合損益及其他全面收益表 | | | 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 | | 香港財務報告準則第15號範圍內之 | | | | | 客戶合約收益 | | 23,636 | 13,033 | | 其他來源之收益 | | 16,950 | 25,310 | | 使用實際利息法計算之利息收益 | | 131,076 | 178,985 | | 收益 | 4 | 171,662 | 217,328 | | 其他營運收入 | | 8,070 | 8,891 | | 其 ...

2025/2026 2025/2026 中期報告 INTERIM REPORT 主席報告書 尊敬的股東： 本人謹代表金源發展國際實業有限公司呈上本集團截至 2025 年 9 月 30 日止 6 個月之業務 回顧。 業務概況 本財政年度上半年，全球及本地經濟環境持續面對挑戰。通脹壓力、地緣政治不確定因 素、消費模式轉變及關稅問題，均對整體商業氣氛帶來一定影響。 亞太地區雖然隨着入境旅遊逐步復甦，經濟活動呈現溫和改善，惟本地零售市場仍顯審 慎，消費意欲偏弱，加上營運成本上升，使經營環境更為艱難。於此背景下，本集團上半 年的整體業績反映了外圍環境的複雜局面。 越南 Circle K 便利店業務 我們在越南 19 個城市經營的 Circle K 便利店業務，目前門店已經超過 500 家。由於市場 競爭激烈及營運成本上升，特別是關稅問題引起的影響，業務表現於期內受壓。 面對挑戰，管理層已積極推動多項改善措施，包括優化店舖組合及貨品結構、加強顧客互 動及品牌管理，以提升營運效率。 我們深信，這些舉措將有助業務逐步重拾增長動力，並建立更具韌性的發展基礎。 食品業務 我們的食品業務在回顧期內受到香港市場氣氛審慎及採購活動減少 ...

Financial Performance - For the six months ended September 30, 2025, the group recorded revenue of approximately HKD 7,854,000, an increase of about 88.4% compared to HKD 4,167,000 for the same period in 2024[9]. - The unaudited consolidated net profit for the same period was approximately HKD 2,700,000, compared to a net loss of approximately HKD 4,133,000 for the six months ended September 30, 2024[9]. - The profit attributable to owners of the company for the six months ended September 30, 2025, was approximately HKD 1,932,000, a significant improvement from a loss of approximately HKD 4,301,000 for the same period in 2024[9]. - The group reported a profit before tax of HKD 2,700,000 for the six months ended September 30, 2025, compared to a loss of HKD 4,133,000 in the same period of 2024[31]. - The basic and diluted earnings per share for the period were HKD 0.19, compared to a loss per share of HKD 0.43 for the same period in 2024[10]. - The company recorded a profit attributable to owners of approximately HKD 1,932,000 for the six months ended September 30, 2025, compared to a loss of approximately HKD 4,301,000 for the same period in 2024, marking a significant turnaround[52]. Assets and Liabilities - Total assets as of September 30, 2025, were approximately HKD 64,642,000, slightly down from HKD 64,774,000 as of March 31, 2025[12]. - The company's total liabilities stood at HKD 15,635,000 as of September 30, 2025, slightly up from HKD 15,630,000 as of March 31, 2025[12]. - The company's total assets less current liabilities amounted to HKD 58,983,000 as of September 30, 2025, compared to HKD 56,454,000 as of March 31, 2025, indicating a growth of about 4.5%[12]. - The total assets of the group as of September 30, 2025, amounted to HKD 64,642,000, while total liabilities were HKD 21,294,000[29]. Cash Flow and Working Capital - Cash and cash equivalents decreased to HKD 7,121,000 as of September 30, 2025, from HKD 9,199,000 as of March 31, 2025[12]. - Net cash generated from operating activities was HKD 152,000 for the six months ended September 30, 2025, a significant improvement from a net cash outflow of HKD 4,251,000 in the same period last year[17]. - The net cash and cash equivalents decreased by HKD 2,302,000 during the six months ended September 30, 2025, compared to an increase of HKD 9,926,000 in the prior year[17]. - As of September 30, 2025, the group's net current assets were approximately HKD 34,359,000, an increase from HKD 29,846,000 as of March 31, 2025[54]. Revenue Segments - The financial information, advertising, and investor relations services segment generated revenue of HKD 6,174,000, contributing significantly to the overall revenue[26]. - The talent search services segment reported revenue of HKD 1,093,000, compared to no revenue in the previous year[28]. - Revenue for the six months ended September 30, 2025, was approximately HKD 7,854,000, an increase of about 88.4% from approximately HKD 4,167,000 in the same period of 2024[52]. Dividends and Shareholder Information - The board of directors did not recommend the payment of any dividend for the six months ended September 30, 2025[9]. - The group did not declare any dividends for the six months ended September 30, 2025, consistent with the previous year[34]. - As of September 30, 2025, the company has a total of 999,808,161 issued ordinary shares[72]. - Maxx Capital holds 594,340,889 shares, representing 59.45% of the company's equity[70]. - The beneficial owner, Ms. Lau, holds 79,349,087 shares directly and has control over an additional 594,340,889 shares through Maxx Capital, totaling 673,689,976 shares[72]. Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[77]. - The company confirmed compliance with the trading standards for securities transactions by all directors during the reporting period[80]. - The company has complied with the corporate governance code as per GEM listing rules, with the exception of the separation of roles between the Chairman and CEO, which is currently held by Ms. Lau Yu-yee since 2011[82]. - The board believes that having Ms. Lau serve as both Chairman and CEO provides consistent leadership beneficial for the company's management and business development[82]. - The board will continue to review the situation and consider separating the roles of Chairman and CEO when appropriate[82]. Business Strategy and Outlook - The group plans to strengthen and expand its four main business segments: media, brokerage, talent search services, and property investment, anticipating increased demand for high-quality financial content and investor relations solutions[57]. - The advertising and investor relations business is expected to become profitable in the coming years, supported by the modern television production team[58]. - The talent search services market is projected to grow due to ongoing IPO activities and the influx of cross-border enterprises into Hong Kong[59]. - The group aims for stable and sustainable growth for the fiscal year ending March 31, 2026, through business diversification and prudent risk management[60]. Other Financial Information - The total employee cost for the six months ended September 30, 2025, was approximately HKD 5,534,000, compared to HKD 5,971,000 for the same period in 2024[66]. - There were no significant acquisitions or disposals of subsidiaries or associates during the reporting period[62]. - The company has not purchased, sold, or redeemed any of its listed shares during the six months ending September 30, 2025[81]. - No options were exercised during the six months ending September 30, 2025, under the share option scheme adopted on September 4, 2014[75]. - The company has not disclosed any new strategies or market expansions in the provided documents[74].

（ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1323） 2025/2026 中期報告 Huasheng International Holding Limited Huasheng International Holding Limited 華盛國際控股有限公司 INTERIM REPORT Huasheng International Holding Limited 華盛國際控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1323) 2025/2026 華 盛 國 際 控 股 有 限 公 司 IN T E RIM R E P O R T 2025/2026 中 期 報 告 目錄 | 公司資料 | 2 | | --- | --- | | 管理層討論與分析 | 3 | | 其他資料 | 11 | | 未經審核簡明綜合損益及其他全面收益報表 | 14 | | 未經審核簡明綜合財務狀況報表 | 15 | | 未經審核簡明綜合權益變動報表 | 16 | | 未經審核簡明綜合現 ...