Financial Performance - Revenue decreased from approximately HKD 265.3 million for the six months ended September 30, 2024, to approximately HKD 155.9 million for the six months ended September 30, 2025, representing a decrease of approximately HKD 109.4 million or 41.2%[5] - Gross profit decreased from approximately HKD 2.9 million for the six months ended September 30, 2024, to approximately HKD 0.8 million for the six months ended September 30, 2025, representing a decrease of approximately HKD 2.1 million or 72.3%[5] - The group recorded a loss attributable to owners of the company of approximately HKD 9.0 million for the six months ended September 30, 2025, compared to approximately HKD 7.2 million for the six months ended September 30, 2024[5] - Basic loss per share attributable to owners of the company was approximately HKD 0.9 cents for the six months ended September 30, 2025, compared to approximately HKD 0.7 cents for the six months ended September 30, 2024[5] - The company reported a loss attributable to owners of HKD 9,046,000 for the six months ended September 30, 2025, compared to a loss of HKD 7,164,000 for the same period in 2024[24] - Basic and diluted loss per share for the six months ended September 30, 2025, was HKD 0.9, compared to HKD 0.7 for the same period in 2024[24] - The company recorded a total loss and comprehensive expenses of approximately HKD 9.0 million for the six months ended September 30, 2025, compared to approximately HKD 7.2 million for the same period in 2024[41] Dividend and Shareholder Information - The board has resolved not to declare an interim dividend for the six months ended September 30, 2025, and 2024[5] - The company did not recommend the declaration of an interim dividend for the six months ended September 30, 2025[25] - The board has resolved not to declare an interim dividend for the six months ending September 30, 2025, and 2024[60] - The company has maintained a minimum of 25% of its issued share capital held by the public as of September 30, 2025[67] Assets and Liabilities - Total assets as of September 30, 2025, were approximately HKD 297.7 million, down from approximately HKD 321.1 million as of March 31, 2025[7] - Total liabilities as of September 30, 2025, were approximately HKD 34.4 million, down from approximately HKD 48.7 million as of March 31, 2025[8] - Cash and cash equivalents increased to approximately HKD 22.2 million as of September 30, 2025, from approximately HKD 18.8 million as of March 31, 2025[7] - Trade receivables decreased to approximately HKD 72.7 million as of September 30, 2025, from approximately HKD 83.8 million as of March 31, 2025[7] - The net trade receivables as of September 30, 2025, were HKD 72,668,000, down from HKD 83,759,000 as of March 31, 2025[26] - Contract assets totaled HKD 194,661,000 as of September 30, 2025, compared to HKD 208,398,000 as of March 31, 2025[27] - Trade payables decreased to HKD 8,453,000 from HKD 20,487,000, indicating a significant reduction of 58.7%[28] - As of September 30, 2025, bank borrowings amounted to approximately HKD 13.6 million, up from approximately HKD 8.8 million as of March 31, 2025[43] - The debt-to-equity ratio increased to approximately 5.2% as of September 30, 2025, from 3.2% as of March 31, 2025[44] Operational Highlights - The company is engaged in providing construction services for public and private residential and commercial properties in Hong Kong and Cambodia[10] - Major customers contributing over 10% of total revenue included Customer 1 with HKD 34,925,000, Customer 2 with HKD 29,874,000, and Customer 3 with HKD 28,554,000[18] - Employee benefits expenses, including director remuneration, decreased to HKD 11,730,000 from HKD 24,315,000, representing a reduction of 51.8%[21] - As of September 30, 2025, the company had 33 projects on hand, with a total project value of approximately HKD 739.2 million, compared to 32 projects valued at approximately HKD 343.3 million as of March 31, 2025[31] - The company adopted a selective bidding strategy, focusing on projects with strong financial reliability and manageable operational risks, resulting in a stable order book[30] - The company is actively expanding into Southeast Asia, aiming to diversify revenue sources and reduce reliance on the local market[32] - Administrative expenses decreased from approximately HKD 10.7 million to approximately HKD 8.5 million, a reduction of about HKD 2.2 million or 20.2%[38] - Other income for the six months ended September 30, 2025, was HKD 46,000, primarily from a youth employment and training program[20] - Service costs decreased from approximately HKD 262.4 million to approximately HKD 155.1 million, a reduction of about HKD 107.3 million or 40.9%[34] Governance and Management - The company has no significant investments or capital asset plans beyond those disclosed in the prospectus as of the mid-term announcement date[59] - The audit committee reviewed the interim financial results for the six months ending September 30, 2025, and confirmed compliance with applicable accounting standards and regulations[69] - The company has adopted a share option scheme, but no options were granted, exercised, canceled, or lapsed during the six months ending September 30, 2025[64] - The board expresses gratitude for the efforts of management and staff during the reporting period[71] - The chairman and CEO of GC Construction Holdings Limited is Chen Qiaosen[71] - The board includes executive directors Chen Qiaosen, Chen Yongping, and Chen Cuiying, along with independent non-executive directors[71] - The board consists of a diverse group of directors, including professionals from various fields[71] - The company emphasizes the importance of teamwork and collaboration in achieving its goals[71] - The management team is committed to continuous improvement and dedication to the company's mission[71] - The company aims to maintain transparency and accountability to its stakeholders[71] - The board's composition reflects a commitment to governance and strategic oversight[71] Miscellaneous - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the six months ending September 30, 2025[63] - The total proceeds from the share issuance on October 10, 2022, amounted to HKD 125 million, with net proceeds of approximately HKD 91.8 million after deducting underwriting commissions and related expenses[56] - The planned use of net proceeds includes funding for project costs (HKD 67 million), expanding workforce and office space (HKD 9.9 million), and purchasing machinery and vehicles (HKD 2.7 million)[57] - The announcement date is November 25, 2025[71] - The group faced minimal foreign exchange risk as most transactions and assets were denominated in HKD, with no foreign exchange hedging conducted for the six months ending September 30, 2025[52] - As of September 30, 2025, the group employed 45 staff members, down from 55 as of March 31, 2025, with compensation packages including salaries and bonuses based on qualifications and performance reviews[54]

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。 未經審計財務業績 本公告乃根據香港聯合交易所有限公司（「香港聯交所」）證券上市規則第13.09條 及證券及期貨條例（第571章）第XIVA部刊發。 知乎（「本公司」）欣然宣佈本公司及其附屬公司及綜合聯屬實體截至2025年9月 30日止三個月的未經審計簡明合併業績。 本公司欣然宣佈，根據美國證券交易委員會（「美國證監會」）適用規則刊發的本公 司及其附屬公司及綜合聯屬實體截至2025年9月30日止三個月的未經審計簡明合 併業績（「第三季度業績」）。 第三季度業績乃根據美國公認會計準則（有別於國際財務報告準則）編製。 本公告附表I為本公司於2025年11月25日（美國東部時間）就第三季度業績刊發的 新聞稿全文，其中部分內容可能構成本公司的重大內幕消息。 Zhihu Inc. （於開曼群島註冊成立以不同投票權控制的有限責任公司） （紐交所代號：ZH；聯交所代號：2390） 內幕消息 截至2025年9月30日止季 ...

Financial Performance - The total revenue for the group was approximately HKD 12.0 million, a decrease of about 87.2% compared to the same period last year[9]. - The group recorded a profit and total comprehensive income of approximately HKD 18.3 million, compared to a loss of approximately HKD 22.9 million in the same period last year[9]. - Total revenue for the six months ended August 31, 2025, was HKD 11,993,000, a significant decrease of 87.2% compared to HKD 93,704,000 for the same period in 2024[81]. - The company reported a net profit of HKD 18,279,000 for the six months ended August 31, 2025, compared to a loss of HKD 22,889,000 in the same period last year[114]. - Basic and diluted earnings per share for the period were HKD 30.47, recovering from a loss of HKD 47.16 per share in the previous year[81]. Revenue Sources - The income from corporate finance advisory services increased by approximately 10.8% to about HKD 4.8 million, compared to approximately HKD 4.3 million in the same period last year[14]. - The group’s income from asset management services increased by approximately 485.4% compared to the same period last year[9]. - The group’s income from securities trading and brokerage services increased by approximately 103.2% compared to the same period last year[9]. - Advisory fees from corporate finance services generated HKD 4,815,000, up 10.7% from HKD 4,347,000 in the previous year[98]. - Commission income from securities trading and brokerage services increased to HKD 2,581,000, a rise of 103.1% compared to HKD 1,270,000 in 2024[98]. Market Conditions - The Hong Kong IPO market saw a significant recovery, with total funds raised amounting to approximately HKD 127.1 billion, an increase of about 672.5% compared to the same period last year[13]. - The average daily trading volume in the Hong Kong stock market increased by approximately 130.6% year-on-year, reaching about HKD 256.4 billion[12]. - The ongoing geopolitical tensions, including the Russia-Ukraine conflict and instability in the Middle East, continue to impact global economic growth and investor sentiment[53]. - Hong Kong's GDP grew by 3.1% year-on-year in Q1 2025, driven by strong exports and rising investment spending, although private consumption remains weak[54]. Operational Highlights - The group participated in a total of 32 corporate finance advisory projects during the period, including 6 IPO sponsorship projects[14]. - The group completed 4 placement and underwriting projects, with revenue dropping significantly to approximately HKD 1.4 million from HKD 85.7 million in the previous year due to a more cautious investor environment[19]. - The group had 1,194 securities accounts as of August 31, 2025, with commission income from securities trading and brokerage services amounting to approximately HKD 2.6 million, up from HKD 1.3 million in the same period last year[22]. - The group engaged in 16 financial advisory projects and 3 independent financial advisory projects, resulting in revenue of approximately HKD 2.5 million, down from HKD 3.0 million from 18 and 4 projects respectively in the previous year[17]. Cost Management - Other operating expenses decreased by approximately 92.0% to about HKD 7.1 million, primarily due to the absence of bond underwriting expenses that were present in the previous year[34]. - Employee costs increased by approximately 8.9% to about HKD 11.8 million, attributed to an increase in the number of professionals compared to the previous year[35]. - The group is committed to strict cost control measures to mitigate adverse market and operational impacts[56]. Shareholder Information - The board decided not to declare any interim dividend for the period, consistent with the previous year[51]. - As of August 31, 2025, Mr. Zhong Zhiwen holds 45,000,000 shares, representing 75% of the company's equity[66]. - The total number of issued shares as of August 31, 2025, is 60,000,000[68]. - Ms. Li Yanhua, spouse of Mr. Zhong Zhiwen, also holds 45,000,000 shares, equivalent to 75% of the company's equity[70]. Strategic Outlook - The group maintains a cautiously constructive outlook on global financial markets, acknowledging emerging opportunities while being aware of ongoing risks[53]. - The group emphasizes the importance of diversification and risk management, focusing on resilient investment opportunities while maintaining a disciplined strategy[56]. - The group plans to enhance its core business by expanding product offerings, improving service content, and broadening its customer base[56]. - The group aims to leverage its overseas network and talent resources to promote cross-border business expansion and foster strategic partnerships[56]. Financial Position - As of August 31, 2025, the group's current assets net value was approximately HKD 202.9 million, with a current ratio of about 2.34 times[38]. - The total assets as of August 31, 2025, amounted to HKD 356,553,000, slightly up from HKD 353,027,000 as of February 28, 2025[83]. - The company's equity totalled HKD 205,152,000 as of August 31, 2025, up from HKD 186,873,000 as of February 28, 2025[83]. - The company’s cash balance includes HKD 50,157 thousand in bank cash and HKD 17,596 thousand in short-term bank deposits as of August 31, 2025[86]. Credit and Risk Management - The group has implemented effective credit control procedures, with no overdue loans reported during the period[31]. - The group has established a credit risk management framework that is regularly updated to align with changes in the business and economic environment[155]. - The group closely monitors cash and bank balances to manage liquidity risk, maintaining levels deemed sufficient for operations[159]. - The group identified credit concentration risk with three margin clients, accounting for approximately 39.4% and 19.7% of total receivables from securities financing as of August 31, 2025, and February 28, 2025, respectively[156].

Photo credit: @jk_tone Photo credit: @jk_tone 香港聯合交易所有限公司（「聯交所」）GEM的特色 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 公司帶有較高投資風險。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買賣的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，同時亦無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及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，並明確表明概不就因本報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。 本報告載有遵照GEM證券上市規則（「GEM上市規則」）而提供有關沛然環保顧問有限公司 （「本公司」，連同其附屬公司統稱「本集團」）的資料。本公司董事（「董事」）願就本報告共同及 個別承擔全部責任。董事經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備，並無誤導或欺詐成分；且並無遺漏任何其他事項 ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 20,642,000, a decrease of 14.5% compared to HKD 24,232,000 for the same period in 2024[4] - Gross profit for the same period was HKD 14,501,000, down 16.4% from HKD 17,363,000 in 2024[4] - Operating loss increased to HKD 6,341,000, compared to a loss of HKD 3,201,000 in the previous year, reflecting a deterioration in operational performance[4] - The company reported a loss attributable to owners of the company of HKD 6,706,000, compared to a loss of HKD 3,398,000 in 2024, indicating a significant increase in net losses[4] - Basic and diluted loss per share for the six months ended September 30, 2025, was HKD 0.34, compared to HKD 0.17 in 2024, reflecting worsening financial performance[6] - The net loss for the period was approximately HKD 6,706,000, an increase of about HKD 3,308,000 from the net loss of HKD 3,398,000 in the previous year[20] - Gross profit decreased from approximately HKD 17,400,000 to about HKD 14,500,000, a reduction of approximately HKD 2,900,000, partly due to a decline in revenue and a drop in gross margin by about 1.4%[23] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 49,283,000, a decrease from HKD 52,847,000 as of March 31, 2025[7] - Current liabilities increased to HKD 46,090,000 from HKD 43,473,000, indicating a rise in short-term financial obligations[7] - The company reported a net current asset value of HKD 3,193,000, down from HKD 9,374,000 in the previous period, highlighting liquidity challenges[7] - The group had a bank and cash balance of approximately HKD 30,100,000 as of September 30, 2025, with a capital debt ratio of zero, indicating no bank loans[30] Business Operations - The group operates a single business segment focused on Chinese restaurants in Hong Kong, with no significant revenue contributions from other segments[16] - The restaurant business in Hong Kong faced a revenue decline of approximately HKD 3,600,000, attributed to weak local consumer sentiment and increased competition[28] - Employee costs totaled approximately HKD 11,200,000, down from HKD 11,600,000 in the previous year, primarily due to a reduction in part-time staff[25] - The group terminated the lease for the Kwun Tong restaurant due to unfavorable operating conditions and declining customer traffic[29] Future Outlook and Strategies - The group's restaurant business is expected to improve in the second half of the fiscal year due to the upcoming festive season, which is traditionally a peak period for the industry[35] - The company is facing challenges such as cost pressures, strong competition from mainland rivals, and rising food prices, which are impacting the outlook for Chinese restaurants in Hong Kong[35] - The company plans to enhance the performance of its Tsim Sha Tsui branch by reallocating staff from the Kwun Tong branch, extending operating hours, and launching attractive dining packages[35] - The company is optimistic about finding a suitable new store location by Q2 2026, with a focus on high foot traffic areas in Kowloon West and East[37] - The company aims to implement cost control strategies and negotiate favorable lease terms to ensure new stores positively impact overall financial stability[37] - The new store will continue to focus on Chaozhou cuisine while exploring related or emerging cooking styles to align with market trends[38] - The company is prioritizing revenue enhancement and cash flow improvement at the Tsim Sha Tsui branch through various strategies, including promotional activities[38] - The Tsim Sha Tsui branch has upgraded audiovisual equipment to boost customer spending during peak seasons[39] Corporate Governance - The company has established various committees, including an audit committee and a remuneration committee, to ensure compliance with corporate governance standards[41][43] - The interim financial results announcement will be published on the company's website and the Hong Kong Stock Exchange website[46] - The interim report for the six months ending September 30, 2025, will be timely posted on the aforementioned websites[46] - The report will only be sent to shareholders upon request[46] Dividends and Other Income - The group decided not to declare any interim dividend for the six months ended September 30, 2025[34] - Other income and losses decreased by approximately HKD 600,000, mainly due to a reduction in interest income by about HKD 500,000[24] - Accounts receivable aged analysis showed HKD 221,000 for 0-30 days as of September 30, 2025, compared to HKD 101,000 as of March 31, 2025[21] - The company has not purchased, sold, or redeemed any of its listed securities during the six months ending September 30, 2025[40]

Financial Performance - Revenue for the period was approximately HKD 85,706,000, an increase of about 2.40% compared to HKD 83,695,000 in the same period last year[5] - The company reported a loss attributable to owners of approximately HKD 712,000, compared to a profit of HKD 1,256,000 in the previous year[5] - Basic and diluted loss per share was approximately HKD 0.127, compared to a profit of HKD 0.22 per share in the previous year[7] - Gross profit for the period was HKD 25,774,000, down from HKD 26,433,000 in the previous year[6] - The company reported a total comprehensive income of HKD 152,000, significantly lower than HKD 2,791,000 in the previous year[6] - Total comprehensive income for the period ended September 30, 2025, was HKD 289,000, a significant decrease from HKD 2,726,000 in the previous period[17] - The group recorded a loss attributable to the owners of approximately HKD 712,000, compared to a profit of HKD 1,256,000 in the previous year[61] Cash Flow and Liquidity - Total cash and cash equivalents as of September 30, 2025, were approximately HKD 18,918,000, down from HKD 24,083,000 as of March 31, 2025[5] - As of September 30, 2025, the net cash generated from operating activities was HKD 3,126,000, compared to HKD 11,159,000 for the same period in 2024, representing a decrease of approximately 72%[17] - The net cash used in financing activities was HKD 8,444,000 for the six months ended September 30, 2025, compared to a net cash inflow of HKD 1,630,000 in 2024[17] - The cash and cash equivalents decreased by HKD 5,317,000 during the six months ended September 30, 2025, compared to an increase of HKD 12,815,000 in the same period of 2024[17] Assets and Liabilities - Total assets amounted to HKD 108,159,000 as of September 30, 2025, compared to HKD 106,822,000 as of March 31, 2025[8] - Current liabilities increased to HKD 30,599,000 from HKD 29,002,000 in the previous period[9] - Non-current assets decreased to HKD 48,082,000 from HKD 50,208,000[8] - Total liabilities as of September 30, 2025, were HKD 39,374,000, with HKD 33,404,000 classified liabilities and HKD 5,970,000 unallocated corporate liabilities[30] Revenue Breakdown - Revenue from external customers for the six months ended September 30, 2025, was HKD 85,706,000, with HKD 25,617,000 from pharmaceutical wholesale and distribution, and HKD 60,089,000 from hemodialysis treatment and consulting services[27] - Revenue from the wholesale business was approximately HKD 25,617,000, a decrease of about 5.93% from HKD 27,232,000 in the previous year, attributed to reduced demand from hospitals and clinics[48][53] - Revenue from the dialysis business was approximately HKD 60,089,000, an increase of about 6.42% from HKD 56,463,000 in the previous year, driven by an increase in the number of patients treated[49][54] Shareholder Information - As of September 30, 2025, Mr. Wang holds a total equity interest of 30.12% in the company, including 156,862,198 shares and 2,500,000 options[77] - Major shareholder 威揚 holds 156,862,198 shares, representing approximately 28.00% of the total issued shares as of September 30, 2025[79] - 泓港財務有限公司, Expert Wealth Investments Limited, and 吳國輝 have released their security interest in the 156,862,198 shares held by 威揚[80] Stock Options and Share Schemes - A total of 80,793,054 stock options have been granted under the 2013 stock option plan, representing approximately 14.42% of the total issued shares[83] - The 2023 stock option plan allows for the issuance of 56,022,213 stock options, which is about 10.00% of the total issued shares[84] - The exercise price for stock options ranges from 0.094 to 0.668 per share, with various exercise periods extending to 2033[83] - The 2023 Share Option Scheme was adopted on September 15, 2023, to attract and retain top talent and provide additional incentives to eligible participants[88] Corporate Governance - The audit committee, consisting of three independent non-executive directors, has reviewed the group's unaudited consolidated results for the period and confirmed compliance with applicable accounting standards[101] - The Compensation Committee was established on September 24, 2013, and includes one executive director and three independent non-executive directors[102] - The main responsibilities of the Nomination and Corporate Governance Committee include reviewing the board's structure and recommending changes, as well as maintaining effective corporate governance and internal control systems[104] Compliance and Risk Management - The company is actively monitoring compliance with external regulatory requirements and assessing their impact on existing operations[67] - Following a recent compliance issue, the company is implementing corrective measures to ensure adherence to applicable laws and regulations[74] - The company has not engaged in any major acquisitions or disposals during the reporting period[71] Employee Information - As of September 30, 2025, the company employed 177 full-time employees, with total employee costs amounting to approximately HKD 14,424,000, an increase from HKD 13,360,000 in 2024[73]

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 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 CHOW TAI FOOK JEWELLERY GROUP LIMITED ক๔⺼⤍ᄣ䯳ᰶ䭽ڙथ 喍䪸ᰩ㓑ሣ㽨ڷ⮱⿸ᰶ䭽ڙथ喎 㗎ЪА㮌: 1929 截 至2025年9月30日 止 六 個 月 中 期 業 績 公 告 及 由2025年10月1日 至11月18日 未 經 審 核 的 主 要 經 營 數 據 周 大 福 珠 寶 集 團 有 限 公 司（「本 公 司」）董 事 會（「董 事 會」），欣 然 宣 佈 本 公 司 及 其 附 屬 公 司 截 至2025年9月30日 止 六 個 月 的 未 經 審 核 中 期 業 績。本 公 告 列 載 本 公 司 的2025/2026中 期 報 告 全 文，並 符 合 香 港 聯 合 ...

Financial Performance - Revenue increased by 10.4% year-on-year to RMB 5,509.1 million for the three months ended September 30, 2025, compared to RMB 4,991.5 million in the same period of 2024[3] - Adjusted EBITDA rose by 14.5% year-on-year to RMB 1,510.3 million, with an adjusted EBITDA margin increasing to 27.4% from 26.4%[3] - Adjusted net profit increased by 16.5% year-on-year to RMB 1,060.2 million, with an adjusted net profit margin rising to 19.2% from 18.2%[3] - Operating profit for the same period was RMB 1,163.2 million, compared to RMB 977.1 million in the previous year[18] - Basic earnings per share increased to RMB 0.42 from RMB 0.35 year-on-year[18] - Profit attributable to equity holders increased from RMB 793.2 million to RMB 976.0 million[35] - Net profit for the three months ended September 30, 2025, was RMB 985,248 thousand, representing a 22.7% increase from RMB 803,234 thousand in 2024[42] - The company reported a gross profit of RMB 3,621,835 thousand for the three months ended September 30, 2025, compared to RMB 3,164,675 thousand in 2024, reflecting a gross margin improvement[42] - The total comprehensive income for the three months ended September 30, 2025, was RMB 980,780 thousand, compared to RMB 788,482 thousand in 2024, indicating overall growth in profitability[44] User Metrics - Average monthly paying users reached a record high of 47.7 million, up 2.8% year-on-year from 46.4 million[3] - Annual paying users grew by 8.8% year-on-year to 252.9 million, also a record high[3] - Cumulative service users for the twelve months increased by 7.3% year-on-year to 2,019.4 million[3] Revenue Breakdown - Revenue from the core online travel platform rose by 14.9% from RMB 4,012.8 million to RMB 4,608.8 million during the same period[21] - Accommodation booking service revenue increased by 14.7% from RMB 1,377.5 million to RMB 1,579.5 million, driven by higher demand[21] - Transportation ticketing service revenue grew by 9.0% from RMB 2,026.8 million to RMB 2,208.7 million, attributed to increased demand for value-added products and services[21] - Other revenue surged by 34.9% from RMB 608.5 million to RMB 820.6 million, mainly due to growth in hotel management services and value-added products[22] - Vacation revenue decreased by 8.0% from RMB 978.7 million to RMB 900.3 million, primarily due to ongoing safety concerns in Southeast Asia[23] Expenses and Costs - Total sales costs increased by 3.3% from RMB 1,826.8 million to RMB 1,887.3 million, with the cost-to-revenue ratio decreasing from 36.5% to 34.2%[26] - Selling and marketing expenses rose by 16.9% from RMB 1,467.6 million to RMB 1,715.4 million, with the expense-to-revenue ratio increasing from 29.2% to 31.0%[28] - Income tax expenses increased from RMB 152.1 million to RMB 174.7 million due to higher taxable income[34] - The total expenses for sales and marketing for the three months ended September 30, 2025, were RMB 1,715,364 thousand, compared to RMB 1,467,569 thousand in 2024, indicating a rise in investment in marketing efforts[42] Assets and Liabilities - As of September 30, 2025, total assets amounted to RMB 40,987,208 thousand, an increase from RMB 37,777,196 thousand as of December 31, 2024, representing a growth of approximately 5.8%[45] - Total liabilities increased to RMB 17,604,498 thousand from RMB 16,814,889 thousand, reflecting a rise of about 4.7%[46] - The equity attributable to shareholders rose to RMB 22,384,995 thousand, up from RMB 20,001,471 thousand, marking an increase of approximately 11.9%[46] - Cash and cash equivalents decreased to RMB 5,786,558 thousand from RMB 8,019,963 thousand, a decline of about 28.8%[47] - The company had a total of 3,653,887 thousand in retained earnings as of September 30, 2025, compared to 1,751,576 thousand at the end of 2024, indicating significant profit retention[46] Strategic Initiatives - The company maintained a strong partnership with Tencent, leveraging the WeChat ecosystem as a key traffic channel[9] - The upgraded membership program includes enhanced benefits such as exclusive customer service and free cancellations, aimed at increasing user loyalty[10] - The company has intensified its marketing efforts on social media platforms to engage younger users and enhance brand exposure[9] - Strategic partnerships with airport management groups aim to enhance marketing and product innovation, particularly in air-rail intermodal products[14] Management and Governance - The company announced a change in the co-chairman of the board, with Jiang Hao appointed effective November 25, 2025, following the resignation of Liang Jianzhang[51] - The board of directors consists of the following members: Wu Zhixiang (Co-Chairman), Ma Heping (CEO), and independent non-executive directors Yang Jiahong, Dai Xiaojing, and Han Yuling[56] - Non-executive directors include Liang Jianzhang, Jiang Hao (Co-Chairman), and Xie Qinghua, along with Brent Richard Irvin[57] Audit and Compliance - The audit committee reviewed the financial performance for the three months ended September 30, 2025, ensuring compliance with relevant accounting standards[50]

KINGWISOFT TECHNOLOGY GROUP COMPANY LIMITED 金慧科技集團股份有限公司 （於開曼群島註冊成立的有限公司） 股份代號 : 08295 香港聯合交易所有限公司（「聯交所」）GEM的特色 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較 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買賣的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買賣的證券會有高流通量的市場。 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。 本報告的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關Kingwisoft Technology Group Company Limited金慧科技集團股份有限公司（「本公司」）的資料；本公司的董事（「董 事」）願就本報 ...

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。 （於香港註冊成立之有限公司） （股份代號：345） 截至二零二五年九月三十日止六個月之業績公告 摘要 財務摘要 | | 二零二五年 | | 二零二四年 | | | | | --- | --- | --- | --- | --- | --- | --- | | | 港幣百萬元 | | 港幣百萬元 | | | 變動 | | 收入 | | 3,227 | 3,443 | | | -6% | | 毛利 | | 1,648 | 1,777 | | | -7% | | 毛利率 | | 51.1% | 51.6% | | -0.5 | 百分點 | | 經營溢利 | | 247 | 257 | | | -4% | | 除稅後溢利 | | 179 | 176 | | | +2% | | 本公司股權持有人應佔溢利 | | 172 | 171 | | | +1% | | 每股基本盈利 | 16.2 | 港仙 | 15.9 港 ...