Financial Performance - Revenue for the six months ended September 30, 2025, was HK$347,143,000, representing a 6.5% increase from HK$326,065,000 in the same period of 2024[12] - Gross profit surged to HK$13,448,000, a significant increase of 354.9% compared to HK$2,956,000 in the previous year, with a gross profit margin improvement of 3.0 percentage points to 3.9%[12] - Loss attributable to equity holders of the Company decreased by 49.3% to HK$6,568,000 from HK$12,967,000 year-on-year[12] - Basic loss per share improved to HK(0.98) cents, down from HK(1.93) cents, marking a 49.2% reduction in loss per share[12] - The loss for the period ended September 30, 2025, was HK$7,067,000, a significant improvement compared to a loss of HK$13,582,000 for the same period in 2024, representing a reduction of approximately 48.9%[19] - The Group reported a consolidated loss before tax of HK$13,138,000 for the six months ended September 30, 2025, compared to a loss of HK$17,036,000 in the previous year, indicating an improvement of 22.4%[40] - The Group's loss for the period was HK$7,067,000 for the six months ended September 30, 2025, compared to a loss of HK$13,582,000 in the same period of 2024, showing a reduction of 48.1%[40] Cash and Liquidity - Cash and cash equivalents stood at approximately HK$322 million, indicating a solid liquidity position[12] - Cash flows used in operating activities amounted to HK$8,911,000, an improvement from HK$35,642,000 in the previous period[27] - The company experienced a net increase in cash and cash equivalents of HK$1,075,000 during the period, compared to an increase of HK$13,587,000 in the previous period[27] - As of September 30, 2025, the Group's cash and cash equivalents were approximately HK$322 million, down from approximately HK$353 million as of March 31, 2025[148] - The Group maintained a current ratio of approximately 2.7 and a quick ratio of approximately 2.2 as of September 30, 2025, indicating strong liquidity[150] Expenses and Costs - Distribution and selling expenses rose to HK$8,424,000, up from HK$7,200,000, indicating increased costs in sales efforts[16] - Administrative expenses increased to HK$38,505,000 from HK$36,618,000, reflecting higher operational costs[16] - The cost of inventories sold increased to HK$202,324,000 in 2025 from HK$175,665,000 in 2024, reflecting a 15% rise[47] - The impairment allowance for accounts receivable rose significantly to HK$4,118,000 in 2025 from HK$291,000 in 2024, indicating a substantial increase in credit risk[47] Assets and Liabilities - Total non-current assets as of September 30, 2025, amounted to HK$781,105,000, showing a slight increase from HK$778,213,000 as of March 31, 2025[20] - Current assets decreased to HK$582,870,000 from HK$616,004,000, representing a decline of about 5.4%[20] - Current liabilities decreased to HK$212,841,000 from HK$225,904,000, reflecting a reduction of approximately 5.8%[20] - Total assets of the Group amounted to HK$1,363,975,000 as of September 30, 2025, a decrease from HK$1,394,217,000 as of March 31, 2025[42] - The Group's total liabilities decreased to HK$305,809,000 as of September 30, 2025, down from HK$322,632,000 as of March 31, 2025[42] Revenue Sources - For the six months ended September 30, 2025, the Group's revenue from the manufacturing and sale of footwear products was HK$347,143,000, an increase of 6.5% compared to HK$326,065,000 for the same period in 2024[40] - Rental income from property investment for the same period was HK$13,266,000, up from HK$12,839,000 in 2024, reflecting a growth of 3.3%[40] - Revenue from external customers in the United States increased to HK$86,863,000 in 2025 from HK$77,482,000 in 2024, representing an increase of 12.5%[43] - Revenue from external customers in Europe decreased to HK$91,691,000 in 2025 from HK$133,433,000 in 2024, a decline of 31.2%[43] Shareholder Information - The company declared a special final dividend of HK$13,224,000 for the fiscal year 2025[23] - The Group declared a special interim dividend of HK2.0 cents per ordinary share for 2025, down from HK6.8 cents in 2024, representing a 71% decrease[61] - The Group's issued and fully paid share capital at the end of the period was HK$67,161,000, down from HK$68,074,000 as of March 31, 2025[76] Management and Strategy - The Group plans to maintain prudent cash flow management and operational planning in response to ongoing geopolitical and trade uncertainties[88] - The Group has adopted a four-level development and defense strategy to navigate ongoing market uncertainties, focusing on upgrading capabilities, business growth, cost control, and financial management[138][139][141][144] - The Group plans to expand operations in Vietnam and Cambodia over the next two to three years, indicating confidence in future liquidity to support these initiatives[154][155] Market Conditions - The Group faced macroeconomic challenges during the reporting period, with consumer confidence in major export markets dampened by inflationary pressures and fluctuating tariff policies[86] - The Group's operational challenges include ongoing trade tensions and macroeconomic uncertainties, which are expected to persist into FY2026[137][142] Share Options - The company granted a total of 1,500,000 share options during the period, with an exercise price ranging from HK$0.600 to HK$0.958 per share[179] - As of September 30, 2025, the total number of share options outstanding is 1,500,000, with no options exercised or cancelled during the period[179] - The exercise period for the granted options spans from January 1, 2021, to December 11, 2032, depending on the specific grant date[179] - The company continues to incentivize its directors and employees through share options, reflecting a commitment to align interests with shareholders[179]

Financial Performance - The Group recorded consolidated revenue of HK$506 million for the Period, a decrease of 5.6% from HK$536 million in the Previous Period[8]. - Net profit attributable to Shareholders increased to HK$8.7 million, up from HK$7.1 million in the Previous Period, despite revenue decline[10]. - Basic earnings per share for the Period were 0.73 HK cents, compared to 0.60 HK cents in the Previous Period[11]. - Profit for the period was HK$8,544,000, compared to HK$7,064,000 in the previous year, marking a year-on-year increase of 20.9%[99]. - The Company reported a profit of HK$8,692,000 for the six months ended September 30, 2025, compared to a profit of HK$7,135,000 for the same period in 2024, indicating an increase of 21.8%[105]. - The Group's profit before income tax for the period was HK$13,137,000, an increase of 23.3% from HK$10,653,000 in the prior year[143]. Segment Performance - The FUJIFILM Photographic Products segment saw overall sales surge by 27.7% year-on-year, driven by a 37.5% increase in digital camera sales[12]. - The Consumer Electronic Products and Household Appliances segment reported a sales decline of 25.9% year-on-year, attributed to post-pandemic demand saturation[18]. - The television category faced a decline of 34.8% due to price competition from Chinese-brand electronics[19]. - The B-to-B commercial and professional AV products segment experienced a 24.5% year-on-year sales decrease, with interactive digital boards plummeting by 68.3% due to competition[25][30]. - Skincare products reported a 5.2% sales decline, impacted by parallel imports and the depreciation of the Japanese Yen[27][31]. - The imaging services segment saw a 13.5% sales drop, driven by a 9.3% contraction in photo D&P services and a 16.2% decline in ID photo-taking services[33]. Strategic Initiatives - The Group pivoted its focus to the premium AV segment, achieving a 4.5% growth in AV sales[20]. - A milestone was achieved with the launch of the first authorized FUJIFILM HOP in the Greater Bay Area, enhancing community engagement and product trial opportunities[16]. - The Group organized targeted campaigns around the X-HF1 launch to reinforce its brand image and engage consumers[17]. - The introduction of new services like selfie booths and pet photo-taking is expected to drive future growth for the imaging services segment[34]. Financial Position - The Group's cash and bank balances, and time deposits stood at HK$230 million as of September 30, 2025, with no debt, ensuring adequate liquidity for current and future working capital requirements[50]. - Trade receivables were HK$51 million and inventories were valued at HK$185 million as of September 30, 2025, with ongoing efforts in credit control and prudent inventory management[51]. - The Group invested HK$10.8 million in capital expenditures during the period, financed from internal resources, including machinery and equipment[53]. - Total assets as of September 30, 2025, amounted to HK$924,102,000, an increase from HK$892,331,000 as of March 31, 2025[101]. - Total liabilities increased to HK$240,248,000 as of September 30, 2025, up from HK$217,615,000 as of March 31, 2025, representing an increase of 10.5%[103]. Shareholder Information - Directors' interests in shares included Dr. Sun Tai Lun Dennis holding 712,496,214 shares, representing 60.11% of the company's issued share capital[63]. - Mr. Sun Tao Hung Stanley and Mr. Sun Tao Hsi Ryan each held 711,276,214 shares, accounting for 60.01% of the issued share capital[63]. - Fine Products Limited holds 700,034,214 Shares, which is 59.06% of the Company's issued share capital[70]. - The interests of substantial shareholders are recorded in the register of interests as required by Section 336 of the SFO[68]. Governance and Compliance - The Audit Committee, comprising four Independent Non-executive Directors and one Non-executive Director, reviewed the Group's financial statements for the period[84]. - The Company has established written guidelines for securities transactions by employees likely to possess unpublished price-sensitive information[79]. - The Company has complied with the corporate governance code throughout the period[77]. - No incidents of non-compliance with the written guidelines by employees were noted[79]. Risk Management - The Group's activities expose it to various financial risks, including foreign exchange risk, interest rate risk, credit risk, and liquidity risk[127]. - There have been no changes in the risk management policies since the last year-end[128]. - The Group maintains a conservative approach to financial risk management and does not engage in high-leverage or speculative derivative products[59]. Employee Information - The Group's human resources increased to 592 employees as of September 30, 2025, reflecting a commitment to employee development and competitive remuneration packages[55]. - The total compensation paid to key management personnel for the six months ended September 30, 2025, was HK$3,552,000, a decrease from HK$3,800,000 for the same period in 2024[199]. - The total compensation for short-term employee benefits decreased to HK$3,525,000 in 2025 from HK$3,773,000 in 2024[199].

CONTENTS 目錄 | Corporate Information | | | --- | --- | | 企業信息 | 2 | | Financial Highlights | | | 財務摘要 | 4 | | Management Discussion and Analysis | | | 管理層討論及分析 | 5 | | 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 | 9 | | Condensed Consolidated Statement of Financial Position | | | 簡明綜合財務狀況表 | 10 | | Condensed Consolidated Statement of Changes in Equity | | | 簡明綜合權益變動表 | 11 | | Condensed Consolidated Statement of Cash Flows | | | 簡明綜合現金流量表 | 13 | | Not ...

(Incorporated in the Cayman Islands with limited liability) | Stock Code : 1651 (於開曼群島註冊成立的有限公司) | 股份代號 : 1651 津上精密機床（中國）有限公司是日本著名數控高精密機床廠家株式會社 ツガミ（「日本津上」或「控股股東」）設立的中國事業的附屬公司，二零零 三年開業以來，經過22年的快速發展，已成長為中國機床市場最大的外 資品牌的數控機床製造商*。 2025 中期報告 Interim Report INTERIM REPORT 2025 中期報告 Precision Tsugami (China) Corporation Limited is a subsidiary established by Tsugami Corporation 株式會社ツガミ ("Tsugami Japan" or "Controlling Shareholder"), a renowned Japanese CNC high precision machine tool manufacturer, for its Chinese u ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 296,930,000, a decrease of 1.0% compared to HKD 302,242,000 in the same period of 2024[5] - Gross profit for the period was HKD 126,626,000, down 10.8% from HKD 141,919,000 year-on-year[5] - The company reported a loss before tax of HKD 37,547,000, an improvement from a loss of HKD 52,049,000 in the previous year, indicating a reduction in losses by 28.0%[5] - Net loss for the period was HKD 40,275,000, compared to a net loss of HKD 55,268,000 in the same period last year, reflecting a 27.1% decrease in losses[5] - Basic and diluted loss per share was HKD 3.89, improved from HKD 5.30 in the previous year[5] - The group reported a loss attributable to equity holders of HKD 40.4 million for the first half of 2025, an improvement from a loss of HKD 55.4 million in the same period of 2024[40] - Adjusted loss for the first half of 2025 was HKD 42.1 million, a reduction of HKD 22.5 million compared to an adjusted loss of HKD 64.6 million in the first half of 2024, mainly due to stricter cost control[40] Cash Flow and Assets - Cash generated from operating activities was HKD 44,035,000, significantly higher than HKD 18,558,000 in the prior year, marking an increase of 137.0%[8] - Total assets as of September 30, 2025, amounted to HKD 1,446,795,000, up from HKD 1,426,127,000 as of March 31, 2025[7] - Cash and cash equivalents at the end of the period were HKD 90,913,000, compared to HKD 71,731,000 at the end of the same period last year, reflecting a year-on-year increase of 26.6%[8] - The total equity of the group as of September 30, 2025, was HKD 920.3 million[51] - As of September 30, 2025, the group's net debt was HKD 155.6 million, resulting in a debt-to-equity ratio of 17.0%[49] Revenue Segmentation - The retail segment in Hong Kong, Macau, and mainland China generated revenue of HKD 94.9 million, while the remaining Asian regions contributed HKD 95.4 million[13] - Retail business contributed HKD 190.3 million to the group's revenue, down 5.7% from HKD 201.9 million in the first half of 2024[40] - The group's revenue from the "Time Corridor" business in Hong Kong and Macau for the first half of 2025 was HKD 94.9 million, down 8.9% from HKD 104.2 million in the same period of 2024[43] - Southeast Asia revenue for the first half of 2025 reached HKD 95.4 million, an 8% increase from HKD 88.4 million in the first half of 2024[46] - The watch supply chain and wholesale trade segment's revenue increased by 6.2% to HKD 106.6 million, with a profit of HKD 9.8 million, down from HKD 11.0 million in the first half of 2024[47] Operational Efficiency - The company’s administrative expenses for the period were HKD 13.0 million, contributing to the overall loss[13] - The group recorded a loss before interest and tax of HKD 14.2 million in the first half of 2025, compared to a loss of HKD 9.8 million in the first half of 2024[46] - Same-store sales recorded a positive growth of 4% in the first half of 2025, indicating improved performance at the store level despite overall revenue decline[40] - The number of stores in the "Time Corridor" business decreased by 14% year-on-year due to store integration efforts to enhance operational efficiency[43] Corporate Governance - The board of directors did not recommend the payment of an interim dividend for the six months ended September 30, 2025, consistent with the previous year[21] - The company has complied with the corporate governance code, except for the separation of roles between the Chairman and CEO, which the board deems appropriate[70] - The board believes that the dual role of Mr. Huang Chuangzeng as both Chairman and CEO enhances strategic planning and operational efficiency for the company[69] - The audit committee reviewed the effectiveness of the internal control system and discussed financial reporting matters for the six months ending September 30, 2025[74] Strategic Initiatives - The group plans to continue investing in online business to enhance digital coverage and customer experience[48] - The group has ceased operations of retail stores and online platforms in mainland China as part of strategic measures to streamline business operations[45] - The company adopted new accounting standards effective from April 1, 2025, which did not have a significant impact on the financial results[11] Shareholder Information - As of September 30, 2025, Mr. Huang Chuangzeng holds a total of 549,436,714 shares, representing 52.59% of the issued shares of the company[60] - Mr. Huang Chuangzeng has significant interests in subsidiary companies, including 209,000 preferred shares in City Chain (Thailand) Company Limited, representing 99.52% of the issued preferred shares[61] - The company did not repurchase any shares during the reporting period, nor did it purchase or sell any shares of the company or its subsidiaries[68]

目 錄 | 公 | 司 | 資 | 料 | | | | | | | | 5 4 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 管 | 理 | 層 | 討 論 | 及 | 分 | 析 | | | | | 5 6 | | 其 | 他 | 資 | 料 | | | | | | | | 6 6 | | 簡 | 明 | 綜 | 合 損 | 益 | 表 | | | | | | 7 8 | | 簡 | 明 | 綜 | 合 全 | 面 | 收 | 益 | 表 | | | | 7 9 | | 簡 | 明 | 綜 | 合 財 | 務 | 狀 | 況 | 表 | | | | 8 0 | | 簡 | 明 | 綜 | 合 權 | 益 | 變 | 動 | 表 | | | | 8 2 | | 簡 | 明 | 綜 | 合 現 | 金 | 流 | 量 | 表 | | | | 8 3 | | 中 | 期 | 簡 | 明 綜 | 合 | 財 | 務 | 報 | 表 | 附 | 註 | 8 5 | 公司資料 董事會 執行董事 馮銳江先生 梁筠 ...

中期報告 TWINTEK INVESTMENT HOLDINGS LIMITED 乙德投資控股有限公司 (於開曼群島註冊成立之有限公司) 股份代號：6182 TWINTEK INVESTMENT HOLDINGS LIMITED 乙德投資控股有限公司 (Incorporated in the Cayman Islands with limited liability) Stock Code : 6182 TWINTEK INVEST MENT HOLDINGS LI MITE D 乙德投資控股有限公司 INTERIM REPORT 2025/26 中期報告 目錄 2 公司資料 3 管理層討論及分析 18 其他資料 23 簡明綜合損益及其他全面收益表 24 簡明綜合財務狀況表 26 簡明綜合權益變動表 27 簡明綜合現金流量表 28 簡明綜合財務報表附註 公司資料 董事會 執行董事 盧永錩先生 （主席） 馮碧美女士 非執行董事 李沛豪先生 獨立非執行董事 舒華東先生 譚偉德先生 譚永樂先生 審核委員會 舒華東先生 （主席） 李沛豪先生 譚偉德先生 譚永樂先生 薪酬委員會 譚永樂先生 （主席） 盧永錩先生 舒華東 ...

Revenue Performance - The company's total revenue for the period ending September 30, 2025, was approximately HKD 67.9 million, a decrease of about 21.7% compared to HKD 86.7 million in the previous period[5]. - Revenue from the energy business fell from approximately HKD 80.3 million to about HKD 66.5 million, a decline of approximately 17.2%, primarily due to a decrease in natural gas product sales[6]. - The jewelry business recorded sales of approximately HKD 1.4 million, down about 77.7% from HKD 6.5 million in the previous period, impacted by global economic uncertainties and trade tensions[10]. - The company's revenue for the period was approximately HKD 67.9 million, a decrease of about 21.7% from approximately HKD 86.7 million in the previous period, primarily due to declines in both energy and jewelry business revenues[16]. - Energy business revenue decreased by approximately 17.2% to about HKD 66.5 million, down from approximately HKD 80.3 million, mainly due to reduced sales of liquefied natural gas[16]. - Jewelry business revenue fell approximately 77.7% to about HKD 1.4 million from approximately HKD 6.5 million, attributed to intensified market competition and ongoing economic fluctuations[16]. - Revenue for the six months ended September 30, 2025, was HKD 67,910,000, a decrease of 21.7% compared to HKD 86,745,000 for the same period in 2024[93]. - Jewelry sales generated revenue of HKD 1,442,000, down 77.8% from HKD 6,478,000 in the previous year[110]. - Revenue from liquefied natural gas (LNG) sales was HKD 35,407,000, a decline of 30.8% from HKD 51,188,000 in the previous year[109]. - The energy segment accounted for HKD 66,468,000 of total revenue, representing 97.9% of the total revenue for the period[115]. Financial Position - The company recorded a net loss attributable to shareholders of approximately HKD 10.2 million, an increase of about 9.9% from approximately HKD 9.3 million in the previous period[25]. - Gross profit decreased by approximately 30.8% from about HKD 5.9 million to approximately HKD 4.1 million, reflecting a decline in sales[17]. - The company's net asset value was HKD 4,185,000, down from HKD 11,877,000 as of March 31, 2025[97]. - The group’s capital debt ratio was approximately 452.8% as of September 30, 2025, compared to 259.6% as of March 31, 2025[30]. - Total assets and total liabilities were approximately HKD 258.9 million and HKD 254.7 million, respectively, as of September 30, 2025, resulting in a debt ratio of approximately 98.4%[33]. - The group had approximately HKD 19.0 million in secured bank borrowings as of September 30, 2025, down from HKD 30.8 million as of March 31, 2025[30]. - The group recorded a net loss attributable to shareholders of approximately HKD 10,214,000 for the six months ended September 30, 2025[104]. - The company reported a loss before tax of HKD 9,142,000, slightly improved from a loss of HKD 9,937,000 in the previous year[93]. - The company’s current liabilities exceeded its current assets by approximately HKD 21,867,000 as of September 30, 2025[104]. - Total liabilities amounted to HKD 254,702,000, with current liabilities at HKD 88,185,000[95]. Operational Strategies - The company plans to enhance supply chain resilience by securing more cost-competitive long-term suppliers and optimizing customer structure to mitigate short-term demand fluctuations[11]. - The company aims to improve operational efficiency and customer experience by optimizing supply chain collaboration and distribution networks[6]. - The company plans to focus on high-quality projects aligned with national policy directions to enhance energy efficiency and promote low-carbon transformation[13]. - The company aims to explore potential partnerships in the natural gas and solar photovoltaic sectors to improve resource allocation efficiency and long-term development potential[13]. - The company plans to implement strict cost-saving measures, focusing on reducing non-core and non-essential expenditures[105]. - The company received financial support from its controlling shareholder to address its financial needs[105]. - The company’s financial position is expected to improve due to the consensus reached with convertible bondholders regarding repayment terms[105]. Employee and Management Information - The group had 61 employees as of September 30, 2025, a decrease from 64 employees as of March 31, 2025[38]. - The company’s short-term employee benefits for key management personnel amounted to HKD 1,477,000 for the six months ended September 30, 2025, compared to HKD 1,344,000 for the same period in 2024[156]. Shareholder Information - As of September 30, 2025, Mr. Hu Yangjun holds 208,171,000 shares, representing approximately 50.52% of the issued shares[47]. - The beneficial interest of Fengyuan Capital Limited, controlled by Mr. Hu Yangjun, is 204,718,000 shares, accounting for 49.68% of the total issued shares[52]. - Mr. Zhang Bing holds 74,070,270 shares, which is approximately 17.97% of the total issued shares[52]. - The board has decided not to declare an interim dividend for the period[26]. - The company did not declare or propose any dividends during the interim period[129]. Debt and Financing - The group is actively seeking additional financing arrangements to meet short-term working capital needs and is considering equity fundraising options[28]. - The group did not obtain any new bank borrowings during the interim period, with total bank borrowings at HKD 18,952,000 as of September 30, 2025, down from HKD 30,831,000[142]. - Loans from a controlling shareholder rose to HKD 119,461,000 as of September 30, 2025, up from HKD 110,887,000 as of March 31, 2025[137]. - The company issued convertible bonds totaling HKD 52,000,000 with a 0% annual interest rate, convertible into 70,270,270 shares at an adjusted conversion price of HKD 0.74 per share[80]. - The effective interest rate for the convertible bonds is 22.9% per annum, with subsequent measurement at amortized cost[150]. Market Conditions and Challenges - The company faces significant pressure on its solar photovoltaic products due to international trade barriers and geopolitical tensions, impacting global sales channels[9]. - The demand for liquefied natural gas (LNG) is expected to grow in the medium to long term, supported by China's dual carbon goals and oil and gas system reforms[11]. - The likelihood of obtaining the gas operation license by November 30, 2025, is considered very low, leading to expected cancellation and retransfer arrangements[43]. - The board believes the likelihood of obtaining the gas operating license by the deadline is minimal, anticipating the cancellation and re-transfer arrangement to take effect[166]. Asset Management - Non-current assets totaled HKD 192,569,000 as of September 30, 2025, an increase from HKD 190,521,000 as of March 31, 2025[95]. - The group had approximately HKD 43.9 million in intangible assets as of September 30, 2025, slightly down from HKD 44.2 million as of March 31, 2025[29]. - The group’s investment properties were valued at approximately HKD 76.7 million as of September 30, 2025, up from HKD 73.6 million as of March 31, 2025[29]. - The fair value change of investment properties showed a gain of HKD 2,314 for the six months ended September 30, 2025, compared to a loss of HKD 7,642 in the same period of 2024[123]. Share Option Schemes - The 2016 Share Option Scheme was adopted on September 9, 2016, and was terminated after the 2023 Annual General Meeting, with no options granted or accepted since then[55]. - The 2023 Share Option Scheme was adopted on September 7, 2023, with its main terms outlined in the company's circular dated July 21, 2023, and a supplementary circular dated August 23, 2023[55]. - No options were granted under any share option plans during the period, leading to a weighted average of zero shares potentially issued under all plans[58]. - The maximum number of shares that may be issued upon the exercise of options under the 2023 Share Option Scheme is 38,756,400 shares, accounting for 10% and 9.41% of the issued shares as of the adoption date and report date, respectively[56]. - The 2023 Share Option Scheme has a vesting period of no less than 12 months unless otherwise determined by the board[76].

SANBASE CORPORATION LIMITED 莊皇集團公 司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） Stock code 股份代號：8501 中 期 報 告 INTERIM REPORT 2025 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of invest ...

目錄 Contents | Corporate Information | 2 | | --- | --- | | 公司資料 | | | Management Discussion and Analysis | 4 | | 管理層討論與分析 | | | Corporate Governance and Other Information | 19 | | 企業管治及其他資料 | | | Independent Review Report | 25 | | 獨立審閱報告 | | | Interim Condensed Consolidated Statement of Profit or Loss | 27 | | 中期簡明綜合損益表 | | | Interim Condensed Consolidated Statement of Comprehensive Income | 28 | | 中期簡明綜合全面收益表 | | | Interim Condensed Consolidated Statement of Financial Position | 29 | | 中期簡明綜合財務狀況表 | | | Int ...