Financial Performance - The company reported unaudited revenue of HKD 364,435,000 for the six months ended September 30, 2025, compared to HKD 407,664,000 in the same period of 2024, representing a decrease of approximately 10.6%[5] - Gross profit for the period was HKD 156,171,000, down from HKD 154,149,000 year-over-year, indicating a slight increase in gross margin despite lower revenue[5] - Operating loss amounted to HKD 26,980,000, a significant decline from an operating profit of HKD 1,015,000 in the previous year[5] - The net loss for the period was HKD 23,339,000, compared to a loss of HKD 1,255,000 in the same period last year, reflecting a deterioration in financial performance[5] - Basic and diluted loss per share was HKD 5.46, compared to HKD 7.81 in the prior year, indicating a reduction in loss per share despite the overall increase in losses[5] - The company recorded a loss of HKD 33,711,000 for the period, compared to a loss of HKD 23,554,000 in the previous year, indicating a worsening financial performance[12] - The net loss attributable to shareholders for the period was HKD 23,554,000, compared to a loss of HKD 33,711,000 in the previous year, representing a 30.5% improvement[33] - Shareholders' loss narrowed to HKD 23.6 million, an improvement of HKD 10.1 million from HKD 33.7 million in the same period last year[48] Revenue Breakdown - Advertising revenue for the same period was HKD 159,158,000, while service revenue was HKD 191,606,000, indicating a shift in revenue sources[24] - The media segment generated revenue of HKD 232,759,000, down from HKD 273,851,000, reflecting a decline of 15%[27] - The financial news and software segment reported revenue of HKD 131,676,000, slightly down from HKD 133,813,000, a decrease of 1.6%[27] - Advertising revenue decreased by HKD 30.5 million or 16% to HKD 159.2 million, impacted by ongoing economic instability and weak consumer spending[45] - Service revenue, mainly from the group's financial news agency and software business, fell by 6% to HKD 191.6 million[46] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 810,737,000, compared to HKD 855,622,000 as of March 31, 2025, showing a decrease in total assets[9] - Current assets were reported at HKD 570,299,000, a decrease from HKD 623,579,000, indicating a decline in liquidity[9] - The total equity attributable to shareholders decreased to HKD 762,919,000 from HKD 785,468,000, reflecting a decline of approximately 2.9%[12] - The company’s total liabilities remained stable, with no significant changes in cash outflows from financial liabilities compared to the previous year[22] Cash Flow and Management - The company’s cash and cash equivalents increased to HKD 294,168,000 from HKD 208,619,000, reflecting improved cash flow management[9] - The net cash outflow from operating activities was HKD 23,610,000, compared to a net cash outflow of HKD 46,317,000 in the previous year, showing an improvement[15] - As of September 30, 2025, cash and cash equivalents totaled HKD 294,168,000, an increase from HKD 152,846,000 a year earlier[15] - The group recorded a net cash inflow of HKD 92 million from investment activities, mainly due to the return of bank deposits with maturities over three months[49] - As of September 30, 2025, the group's cash balance was HKD 412.7 million, down from HKD 459.8 million as of March 31, 2025[50] Cost Management and Strategy - The company is focusing on cost management strategies to mitigate losses and improve future performance[5] - Employee costs amounted to HKD 229,212,000, with content costs at HKD 50,117,000, significantly lower than HKD 259,654,000 in the previous year[29] - The gross profit margin increased to 42.9%, up 5.1 percentage points year-on-year, primarily due to effective cost control[47] - The group plans to continue investing in digital platforms and artificial intelligence to enhance customer interaction and operational efficiency[52] Dividends and Shareholder Information - The company paid a final dividend of HKD 21,580,000 during the period, consistent with prior year distributions[15] - The interim dividend declared was HKD 3.0 cents per share, totaling HKD 12,948,000, unchanged from the previous year[34] - The board declared an interim dividend of HKD 0.03 per share, totaling HKD 12,948,000, consistent with the previous year[54] - The company will suspend share transfer registration from December 8 to December 9, 2025, to facilitate the interim dividend distribution[55] Corporate Governance - The board consists of experienced directors, including the chairman and CEO, who believe this structure enhances long-term business strategy execution[58] - The audit committee reviewed the group's unaudited interim results for the six months ending September 30, 2025[60] - The remuneration committee and nomination committee were established in 2005, with defined responsibilities and independent directors as members[61][62] - All directors confirmed compliance with the standard code of conduct for securities trading during the reporting period[59] - The board is committed to maintaining corporate governance standards as outlined in the listing rules[58] Economic Environment - The local economic environment remains challenging due to geopolitical issues and trade barriers, but the group aims to maintain a sustainable dividend policy and sufficient liquidity for strategic investments[52] Employment - As of September 30, 2025, the group had a total of 939 employees, a decrease from 1,054 employees as of September 30, 2024[53] Accounting Standards - The company continues to evaluate the impact of new accounting standards but has not adopted any early, indicating a cautious approach to regulatory changes[19] Other Comprehensive Income - The company recorded other comprehensive income of HKD 265,000 for the period, compared to HKD 342,000 in the previous year, indicating a slight decrease in comprehensive income[7] Capital Commitments - Capital commitments not yet incurred amounted to HKD 750,000, with HKD 533,000 contracted but not provided[39] Trade Receivables - Trade receivables totaled HKD 114,268,000, with a provision for impairment of HKD 3,938,000[36] Leasehold Properties - The company reported a total of HKD 91,285,000 in net book value for leasehold properties as of September 30, 2025[35]

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。 Vico International Holdings Limited 域高國際控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1621） 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 | | | | 附 註 | 千港元 | 千港元 | | | | | （未經審核） | （未經審核） | | 收 益 | | 3 | 697,696 | 809,982 | | 銷售成本 | | | (672,339) | (785,568) | | 毛 利 | | | 25,357 | 24,414 | | 其他收入 | | 5 | 1,390 | 816 | | 銷售及分銷開支 | | | (934) | (1,257) | | 行政及 ...

Financial Performance - The company reported revenue of HKD 5,683,972,000 for the six months ended September 30, 2025, an increase of 28.2% compared to HKD 4,433,441,000 in the same period of 2024[3] - Gross profit rose from HKD 320,946,000 to HKD 348,029,000, reflecting a growth of 8.4%[4] - Profit attributable to equity holders increased from HKD 24,619,000 to HKD 39,198,000, representing a significant increase of 59.5%[5] - Basic and diluted earnings per share improved to HKD 0.0895 from HKD 0.0562, marking a rise of 59.5%[6] - Total comprehensive income for the period was HKD 57,890,000, up from HKD 45,544,000, indicating a growth of 27.3%[8] - The overall profit before tax for the period was HKD 46,857,000, compared to HKD 35,492,000 for the same period in 2024, reflecting a growth of 32.1%[23] - The net profit for the period was HKD 38,667,000, an increase from HKD 23,153,000 in the previous year, representing a growth of 66.8%[23] Revenue Breakdown - Revenue from the construction segment reached HKD 4,203,006,000, up 22.5% from HKD 3,430,681,000 in the previous year[20] - The electromechanical installation segment generated revenue of HKD 1,319,367,000, a 39.6% increase from HKD 945,200,000 in the prior year[20] - Property investment and development revenue rose significantly to HKD 59,585,000 from HKD 10,878,000, marking a growth of 448.5%[20] - The hotel operations segment reported revenue of HKD 4,767,000, with no revenue recorded in the same period last year[20] - The group's total external revenue from construction, electromechanical installation, and other segments accounted for HKD 5,683,972,000, with significant contributions from each segment[23] Assets and Liabilities - Total assets increased to HKD 6,680,570,000 from HKD 6,571,231,000, a rise of 1.7%[10] - Cash and bank balances rose to HKD 833,521,000 from HKD 770,225,000, an increase of 8.2%[9] - The company's total liabilities increased slightly to HKD 5,252,571,000 from HKD 5,201,122,000, a rise of 1.0%[10] - The net accounts receivable increased from HKD 1,090,240,000 as of March 31, 2025, to HKD 1,360,718,000 as of September 30, 2025, indicating a rise of approximately 24.7%[31] - The total liabilities for accounts payable and subcontractors decreased from HKD 929,635,000 in March 2025 to HKD 661,345,000 in September 2025, a decline of about 29.0%[32] Dividends and Shareholder Returns - The company did not declare an interim dividend for the current period, compared to HKD 10,951,000 in the previous period[7] - The company did not declare an interim dividend for 2025, compared to an interim dividend of HKD 0.025 per share in 2024, to retain cash for future projects[29] Operational Insights - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and service offerings[19] - The group has identified key operational decision-makers as executive directors responsible for resource allocation and strategic decisions[21] - Long-term strategies will focus on innovation and sustainability, with active exploration of AI applications to enhance competitiveness and market share[44] - The company aims to deliver high-quality projects on time while ensuring reasonable profits, amidst industry challenges such as labor shortages and rising costs[44] Cost Management - Construction costs increased significantly from HKD 3,207,425,000 in 2024 to HKD 4,007,736,000 in 2025, representing a rise of about 24.9%[25] - Total finance costs decreased from HKD 69,984,000 in 2024 to HKD 53,029,000 in 2025, a reduction of approximately 24.3%[26] - Other income decreased from HKD 15,032,000 in 2024 to HKD 11,750,000 in 2025, a decline of approximately 21.5%[24] Employee and Market Developments - The number of employees increased to approximately 4,600 as of September 30, 2025, up from 4,500 on March 31, 2025[42] - The hotel in Sheung Wan reopened in mid-August under the "Hilton Garden Inn Hong Kong" brand, marking the first Garden Inn in the Asia-Pacific region[44] - The hotel achieved a stable occupancy rate since opening, attracting over 1 million visitors during the October Golden Week, with 60% being overnight guests[44] Future Outlook - The company expects no significant impact on its tax situation from the new tax regulations effective January 1, 2025[27] - The group has secured two contracts in the growing infrastructure and environmental sector, totaling nearly HKD 2,000,000,000[43] - As of September 30, 2025, the value of contracts on hand was approximately HKD 46,663,000,000, down from HKD 48,207,000,000 on March 31, 2025[38]

Financial Performance - Total proceeds from the sale of trading securities reached HKD 52,496,000, up 64.3% from HKD 31,920,000 in the previous year[3] - Revenue for the period was HKD 3,171,000, a decrease of 22.9% compared to HKD 4,118,000 in the prior year[3] - Net profit before tax increased to HKD 7,413,000, representing a growth of 29.5% from HKD 5,726,000 in the previous year[3] - Earnings per share rose to HKD 0.58, up 28.9% from HKD 0.45 in the prior year[3] - The net profit for the six months ended September 30, 2025, was approximately HKD 7,410,000, an increase of about 29.5% from HKD 5,730,000 in the same period last year[19] - Other income increased to HKD 259,000, up 110.6% from HKD 123,000 in the prior year[12] Assets and Liabilities - Total assets as of September 30, 2025, amounted to HKD 100,482,000, an increase from HKD 93,378,000 as of March 31, 2025[4] - Cash and cash equivalents decreased to HKD 18,161,000 from HKD 30,578,000, indicating a decline of 40.6%[4] - The fair value of listed equity securities increased to HKD 75,879,000 as of September 30, 2025, up from HKD 62,565,000 as of March 31, 2025[16] - The net asset value rose by approximately 8.1% to HKD 100,399,000 from HKD 92,986,000 as of March 31, 2025[17] - The cash levels as of September 30, 2025, were approximately HKD 18,200,000, compared to HKD 30,600,000 as of March 31, 2025[19] - The group had no credit or debt ratio as of September 30, 2025, maintaining a debt-free status[38] Investment Strategy - The company plans to maintain a cautious and pragmatic investment approach while optimizing its portfolio for better shareholder returns[23] - The company will continue to focus on high-dividend listed securities and maintain sufficient liquidity for future investment opportunities[23] - The company’s investment strategy includes a diversified portfolio across various sectors, including telecommunications, transportation, and real estate[20] - As of September 30, 2025, the group's top ten listed equity investments accounted for 71.16% of total assets, with a fair value of HKD 71,493 million[24] Dividends and Shareholder Returns - There were no interim dividends declared for the six months ended September 30, 2025[18] - The board decided not to declare an interim dividend for the period[39] Market Performance - The Hang Seng Index rose approximately 16.2% from 23,119 at the end of March 2025 to 26,855 by the end of September 2025[22] Employment and Governance - The group employed a total of 3 full-time employees as of September 30, 2025, down from 4 in 2024[49] - The board of directors confirmed compliance with the standard code for securities trading throughout the period[56] - The company has established a remuneration committee and a nomination committee, both comprising independent non-executive directors[53][54] Other Financial Information - The group reported a net gain of HKD 7,085,000 from financial assets measured at fair value, significantly up from HKD 3,548,000 in the previous year[11] - Investment management fees paid to related companies were HKD 719,000, an increase of 9.3% from HKD 658,000 in the previous year[13] - The group did not make any provision for Hong Kong profits tax due to offsetting previous unrecognized tax losses[14] - The group received approximately HKD 179,000 in dividends from CK Hutchison and HKD 243,000 from Power Assets as of September 30, 2025[25][26] - The group holds 40,000 shares of CK Hutchison, representing 0.001% of its issued share capital, and 126,000 shares of Power Assets, representing 0.006% of its issued share capital[25][26] - The group plans to continue focusing on capital expenditure management and cash flow to maintain financial stability amid external challenges[25] - The group has no foreign exchange risk due to conducting business primarily in Hong Kong dollars[43] - As of September 30, 2025, the group has no significant capital commitments or contingent liabilities[41] - There were no major acquisitions or disposals of subsidiaries or associates during the period[42] - There were no repurchases, sales, or redemptions of the company's listed securities during the six months ended September 30, 2025[55] - The interim report for 2025 will be sent to shareholders and published on the stock exchange and the company's website[57]

Financial Performance - Revenue for the six months ended June 30, 2025, was RMB 996,988,000, representing an increase of 4.1% compared to RMB 957,821,000 for the same period in 2024[5] - Gross profit for the same period was RMB 151,014,000, up 7.0% from RMB 140,180,000 in 2024[5] - The company reported a profit before tax of RMB 79,565,000, compared to a loss of RMB 13,634,000 in the previous year[6] - Net profit for the period was RMB 57,520,000, a significant recovery from a loss of RMB 15,875,000 in 2024[6] - Basic earnings per share for the period was RMB 19.77, compared to a loss per share of RMB 5.76 in the previous year[6] - Revenue from customer contracts for the six months ended June 30, 2025, was RMB 992,258,000, an increase of 3.5% compared to RMB 955,895,000 for the same period in 2024[13] - Total rental income from investment properties for the six months ended June 30, 2025, was RMB 4,730,000, up 145.5% from RMB 1,926,000 in 2024[13] - Property management service revenue for the six months ended June 30, 2025, was RMB 789,785,000, a 14.8% increase from RMB 688,223,000 in 2024[14] - Revenue from value-added services decreased by approximately 24.4% to about RMB 202.5 million for the six months ending June 30, 2025, compared to RMB 267.7 million for the same period in 2024[40] Assets and Liabilities - Total assets as of June 30, 2025, were RMB 536,333,000, down from RMB 559,257,000 as of December 31, 2024[7] - Current liabilities decreased to RMB 822,624,000 from RMB 1,004,885,000 in the previous period, indicating improved liquidity[8] - The company's net asset value increased to RMB 266,378,000 from RMB 213,466,000 in the previous year, reflecting a stronger financial position[8] - Cash and cash equivalents decreased to RMB 195,945,000 from RMB 394,377,000, indicating a need for cash management strategies[7] - Trade receivables as of June 30, 2025, amounted to RMB 613,101,000, an increase of 22.3% from RMB 501,276,000 as of December 31, 2024[21] - The group's trade payables were approximately RMB 100.1 million as of June 30, 2025, a decrease of about 21.0% from RMB 126.7 million as of December 31, 2024[56] - As of June 30, 2025, the group's contract liabilities were approximately RMB 308.9 million, a decrease of about 25.0% from RMB 412.1 million as of December 31, 2024[58] Operational Highlights - The company managed a total of 807 properties as of June 30, 2025, serving over 590,000 households and covering a population of more than 1.9 million[24] - The company operates in 22 cities across China, with 20 cities located in the Yangtze River Delta metropolitan area[24] - The total number of managed properties decreased by 25.6% from 1,084 in 2024 to 807 in 2025, with a significant reduction of 36.5% in Nanjing, primarily due to the group's proactive exit from loss-making projects[29] - The number of non-residential properties under management increased by 2.3% to 447 in 2025, while residential properties decreased by 44.4% to 360[32] - Approximately 94.2% of the group's projects were obtained from the market, primarily from property developers or independent third parties[34] Corporate Governance and Compliance - The company has committed to maintaining high standards of corporate governance and has adopted the corporate governance code as part of its practices[78] - The audit committee, consisting of three independent non-executive directors, has reviewed and discussed the unaudited interim consolidated financial information for the six months ending June 30, 2025[80] - The company has confirmed compliance with the standards set forth in the securities trading code and has not identified any violations for the six months ending June 30, 2025[81] - The company has not purchased appropriate insurance for its directors and senior officers against potential legal actions, despite reasonable efforts to obtain such coverage[79] Trading Status and Future Outlook - The company has been suspended from trading since August 28, 2024, and will remain suspended until further notice[9] - As of November 11, 2024, the company received guidance from the stock exchange regarding the resumption of trading, which includes publishing all outstanding financial results and conducting appropriate independent investigations[71] - The company must remedy the issues leading to its suspension by February 27, 2026, or risk losing its listing status[72] - The company has taken measures to comply with the resumption guidance and will provide further announcements regarding compliance progress[73] Employee and Management Changes - The group employed a total of 10,987 employees as of June 30, 2025, providing competitive compensation packages including various social insurances[65] - There were significant changes in the board of directors, including the resignation of the acting CEO and the appointment of a new chairman[75]

Revenue Growth - Total revenue for Q3 2025 increased by 144.3% year-over-year to RMB 171 million (USD 24 million), marking one of the largest revenue increases in the company's history[9] - Product revenue and service revenue grew by 428.0% and 66.9% year-over-year to RMB 79.2 million (USD 11.1 million) and RMB 91.8 million (USD 12.9 million), respectively[9] - In Q3 2025, the company's total revenue reached RMB 171 million (USD 24 million), representing a year-on-year growth of 144.3% compared to RMB 70 million in the same period of 2024[21] - Total revenue for the nine months ended September 30, 2025, was RMB 370.6 million, a significant increase from RMB 220.3 million in the same period of 2024, representing a growth of 68.3%[45] Autonomous Taxi Services - Autonomous taxi revenue surged by 761.0% year-over-year to RMB 35.3 million (USD 5 million), accounting for 20.7% of total revenue, up from 5.8% in Q3 2024[9] - The revenue from autonomous taxi services surged by 761.0%, validating the company's technological capabilities from both third-party and end-user perspectives[19] - The company received a commercial operating license for fully autonomous taxis in Abu Dhabi, enabling unit economic breakeven for its fleet[9] - The company aims to expand its autonomous taxi fleet in the Middle East to tens of thousands of vehicles by 2030[12] - The company is set to deploy tens of thousands of autonomous taxis by 2030, aiming for unit economic breakeven in Abu Dhabi[19] Financial Performance - Gross profit for Q3 2025 increased by 1,123.9% year-over-year to RMB 56.3 million (USD 7.9 million), with a gross margin of 32.9%, significantly up from 6.5% in Q3 2024[9] - Operating expenses decreased to RMB 435.8 million (USD 61.2 million) from RMB 895.7 million in the same quarter of 2024[24] - Net loss for Q3 2025 was RMB 307.3 million (USD 43.2 million), compared to a net loss of RMB 1.0427 billion in Q3 2024[30] - Adjusted net loss for Q3 2025 was RMB 275.6 million (USD 38.7 million), compared to RMB 240.3 million in Q3 2024[30] - The company reported a net loss of RMB 1,098.8 million for the nine months ended September 30, 2025, compared to a net loss of RMB 1,924.4 million in the same period of 2024, showing a reduction in losses by 42.9%[46] Research and Development - R&D expenses increased by 39.4% to RMB 316.4 million (USD 44.4 million) due to enhanced global data compliance and advancements in autonomous taxi development[24] - Research and development expenses for the nine months ended September 30, 2025, totaled RMB 961.0 million, an increase from RMB 771.4 million in the same period of 2024, representing a rise of 24.6%[45] Operational Expansion - The fleet size exceeded 1,600 autonomous vehicles, with nearly 750 being autonomous taxis, and operational permits obtained in eight countries[9] - The company plans to deploy over 500 autonomous vehicles in Hong Kong over the next three years, starting with operations at Hong Kong International Airport[12] - A new point-to-point service feature for autonomous taxis was launched in Guangzhou and Beijing, enhancing user convenience and operational efficiency[12] - In Guangzhou, the company provided services to over one million public passengers with its autonomous minibuses by September 30, 2025[16] - The company expanded its autonomous sanitation vehicle services to Singapore, UAE, and Saudi Arabia, alongside ongoing operations in several Chinese cities[17] Market Position and Recognition - The company completed its dual primary listing on the Hong Kong Stock Exchange on November 6, 2025, raising approximately HKD 2.39 billion (USD 305 million) by issuing 88.25 million shares at HKD 27.1 each[33] - The company is the first autonomous taxi company to be publicly traded on both Hong Kong and U.S. exchanges, enhancing its visibility and capital market position[33] - The company operates in over 30 cities across 11 countries, holding autonomous driving licenses in 8 markets including China, Switzerland, and the U.S.[37] - The company was recognized in Fortune's "2025 Change the World Companies" list and ranked among the "2025 Global Future 50" by Fortune magazine[37] Cash and Assets - As of September 30, 2025, the company had cash and cash equivalents totaling RMB 5.4 billion (USD 764.1 million)[9] - Cash and cash equivalents were RMB 3,452.3 million as of September 30, 2025, down from RMB 4,268.3 million as of December 31, 2024[41] - Total assets as of September 30, 2025, were RMB 7,021.8 million, a decrease from RMB 7,693.8 million as of December 31, 2024[41] - Total liabilities as of September 30, 2025, amounted to RMB 805.5 million, compared to RMB 627.8 million as of December 31, 2024, indicating an increase of 28.3%[43]

Share Options - As of January 1, 2024, the number of share options available for grant under the 2014 scheme was 16,120,129 shares, representing approximately 1.83% of the total issued shares as of the 2024 annual report date[5] - By December 31, 2024, the number of share options available for grant under the 2014 scheme will be 0 shares, representing 0% of the total issued shares as of the 2024 annual report date[7] - The maximum number of shares that can be granted under the 2014 scheme cannot exceed 5% of the total issued shares as of the adoption date[8]

Financial Performance - Revenue for the six months ended August 31, 2025, was SGD 133,385,000, an increase of 44.7% compared to SGD 92,208,000 for the same period in 2024[10] - Gross profit for the same period was SGD 13,672,000, representing a 58.5% increase from SGD 8,630,000 in 2024[10] - Profit before tax increased to SGD 8,209,000, up 111.4% from SGD 3,876,000 in the previous year[10] - Net profit for the period was SGD 6,944,000, a 115.5% increase compared to SGD 3,223,000 in 2024[10] - Total comprehensive income for the period was SGD 6,462,000, compared to SGD 2,953,000 in the same period last year, reflecting a 118.5% increase[10] - Basic and diluted earnings per share for the period were SGD 0.5, compared to SGD 0.2 in the previous year, representing a 150% increase[10] - For the six months ended August 31, 2025, the company reported a pre-tax profit of 8,209 thousand SGD, compared to 3,876 thousand SGD for the same period in 2024, representing a 111% increase[15] - The total construction costs for the six months ended August 31, 2025, amounted to 119,713 thousand SGD, up 43% from 83,578 thousand SGD in 2024[37] - The total tax expense for the six months ended August 31, 2025, was 1,265 thousand SGD, which is 94% higher than the 653 thousand SGD recorded in 2024[46] - Basic earnings per share for the six months ended August 31, 2025, were 4.96 SGD, compared to 2.30 SGD in the same period last year, marking a 116% increase[48] Assets and Liabilities - Current assets as of August 31, 2025, totaled SGD 117,944,000, up from SGD 101,692,000 as of February 28, 2025[12] - Total assets increased to SGD 144,032,000 from SGD 127,254,000, indicating a growth of 13.2%[12] - Total liabilities rose to SGD 75,402,000 from SGD 67,053,000, marking an increase of 12.5%[12] - Equity attributable to owners of the company was SGD 66,663,000, up from SGD 60,201,000, reflecting a growth of 10.8%[12] - The company reported contract assets of 44,391,000 SGD as of August 31, 2025, an increase from 40,908,000 SGD as of February 28, 2025, primarily due to an increase in retention receivables[60] - The contract liabilities stood at 8,444,000 SGD as of August 31, 2025, compared to 7,086,000 SGD as of February 28, 2025, indicating an increase in construction contracts[64] - Trade payables increased to 57,539 thousand SGD as of August 31, 2025, from 47,249 thousand SGD as of February 28, 2025, reflecting a rise of 21.7%[76] - Other payables and accrued expenses rose to 8,688 thousand SGD as of August 31, 2025, compared to 10,578 thousand SGD as of February 28, 2025, showing a decrease of 17.9%[79] Cash Flow and Investments - Operating cash flow for the period was 30,030 thousand SGD, a significant increase from 450 thousand SGD in the previous year[15] - Cash and cash equivalents at the end of the period were 42,604 thousand SGD, up from 27,085 thousand SGD in the previous year[15] - The company reported a net cash outflow from investing activities of 17,187 thousand SGD, compared to a net inflow of 194 thousand SGD in 2024[15] - The group's cash and cash equivalents increased by 63.7% to approximately 75.6 million SGD as of August 31, 2025, from about 46.2 million SGD as of February 28, 2025[111] Employee and Management Costs - Employee benefits expenses, including salaries and bonuses, rose to 3,738 thousand SGD, compared to 3,185 thousand SGD in the same period last year, reflecting a 17% increase[37] - The total employee cost amounted to approximately SGD 9.9 million, an increase from SGD 9.6 million for the six months ended August 31, 2024[125] - The management's total remuneration for the six months ended August 31, 2025, was 960 thousand SGD, an increase from 728 thousand SGD in the same period last year, representing a growth of 31.8%[96] - The total remuneration for directors and executives increased to 1,001 thousand SGD, up 31% from 767 thousand SGD in 2024[41] Shareholder and Corporate Governance - Major shareholders, including Brave Ocean, hold 1,050,000,000 shares, representing 75% of the issued share capital[133] - The board members and top executives collectively own 75% of the company through Brave Ocean, which is controlled by them[129] - The company has adopted a stock option plan as a reward for directors and eligible employees[125] - There are no significant changes in the shareholdings of directors or executives as of August 31, 2025[131] - The company has adhered to the corporate governance code, except for the combined roles of Chairman and CEO held by Mr. Xu Xuping, which the board believes benefits the group's operations[138] Operational Highlights - The number of ongoing projects increased from 20 to 23, with a total contract value of approximately 710 million SGD, of which about 333 million SGD has been recognized as revenue[99] - The company operates primarily in Singapore, generating 100% of its revenue from this region[28] - The group maintains a prudent cash management policy, ensuring strong cash flow and a solid project pipeline despite ongoing geopolitical and trade tensions[100] - The company is actively hiring foreign workers from multiple countries to mitigate potential labor shortages due to regulatory changes[125] Other Financial Information - The company has no significant investments or acquisitions planned as of August 31, 2025[118] - The group reported contingent liabilities of 34.889 million SGD related to performance bonds as of August 31, 2025, up from 25.165 million SGD as of February 28, 2025[121] - No interim dividend has been recommended for the six months ended August 31, 2025, consistent with the previous year[127] - The company has no significant events to report after August 31, 2025, up to the date of this report[126] - The audit committee reviewed the unaudited interim results for the six months ending August 31, 2025, with no disagreements on accounting standards and policies[141] - The unaudited interim results announcement has been published on the Hong Kong Stock Exchange website and the company's website[142]

2025 Interim Report 中期報告 CHARACTERISTIC 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 investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed on ...

豐盛控股有限公司 二零二五年中期報告 目錄 頁次 | 中期簡明綜合損益及其他全面收益表 | 2 | | --- | --- | | 中期簡明綜合財務狀況表 | 5 | | 中期簡明綜合權益變動表 | 8 | | 中期簡明綜合現金流量表 | 10 | | 中期簡明綜合財務報表附註 | 13 | | 上市規則要求披露的其他資料 | 73 | 1 豐盛控股有限公司 二零二五年中期報告 中期簡明綜合財務報表 中期簡明綜合損益及其他全面收益表 截至二零二五年六月三十日止六個月 （以人民幣列示） | | | 截至六月三十日止六個月 | | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | | （未經審核） | （未經審核） | | | 附註 | 人民幣千元 | 人民幣千元 | | 收入 | 6 | 10,265,102 | 10,675,171 | | 銷售及服務提供成本 | 10 | (8,334,913) | (9,244,682) | | 毛利 | | 1,930,189 | 1,430,489 | | 銷售及分銷開支 | 10 | (343,392) | (2 ...