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 ...

Financial Performance - For the six months ended June 30, 2025, the company reported a total revenue of HKD 0 thousand, compared to HKD 2,328 thousand in the same period of 2024, indicating a significant decline [4]. - The operating loss for the period was HKD 215,014 thousand, compared to an operating loss of HKD 7,149 thousand in the previous year, reflecting a deterioration in performance [4]. - The company recorded a pre-tax profit of HKD 198,045 thousand, a turnaround from a pre-tax loss of HKD 111,907 thousand in the same period last year [5]. - Basic and diluted earnings per share for the period were HKD 5.55 cents, compared to a loss of HKD 3.12 cents per share in the previous year [5]. - Total comprehensive income for the period amounted to HKD 193,139 thousand, compared to a comprehensive loss of HKD 82,233 thousand in the same period of 2024 [5]. - The group reported an operating loss of HKD 198,045,000 for the six months ended June 30, 2025, compared to a loss of HKD 111,331,000 in the same period of 2024 [34]. - The total tax expense for the period was HKD 576,000, with no current tax recognized for 2025, while the previous year recorded a current tax expense of HKD 669,000 [31][29]. - No dividends were declared or proposed during the period, consistent with the previous year [32]. - The basic loss per share for the six months ended June 30, 2025, was calculated based on a weighted average of 3,568,791,000 shares, resulting in a loss of HKD 0.0555 per share [34]. - For the six months ended June 30, 2025, the company recorded a profit attributable to owners of approximately HKD 198,045,000, compared to a loss of HKD 134,287,000 in 2024, resulting in a basic earnings per share of HKD 5.55 [52]. Financial Position - As of June 30, 2025, total liabilities were HKD 1,500,213 thousand, down from HKD 1,693,352 thousand at the end of 2024, indicating a reduction in overall debt [7]. - The company's total assets less current liabilities stood at HKD (1,487,348) thousand, compared to HKD (1,645,494) thousand at the end of 2024, reflecting an improvement in net asset position [6]. - The company’s cash and cash equivalents decreased to HKD 57 thousand from HKD 95 thousand year-on-year, indicating a liquidity challenge [6]. - Current liabilities exceeded current assets by approximately HKD 1,487,348,000 as of June 30, 2025, compared to HKD 1,807,777,000 as of December 31, 2024 [16]. - The total borrowings amounted to HKD 701,079,000 as of June 30, 2025, down from HKD 892,750,000 as of December 31, 2024 [16]. - The group’s total capital deficit amounted to approximately HKD 1,500,213,000 as of June 30, 2025, compared to total capital of HKD 1,693,352,000 on December 31, 2024 [61]. - The group's debt-to-equity ratio was approximately 0.47 as of June 30, 2025, a decrease from 0.53 in 2024 [63]. - As of June 30, 2025, the group's net current liabilities were approximately HKD 1,487,575,000, down from HKD 1,807,777,000 on December 31, 2024, indicating a decrease of about 17.7% [60]. - The group employed 2 staff members as of June 30, 2025, with employee costs amounting to approximately HKD 127,000, a significant decrease from HKD 3,364,000 in 2024 [67]. Financing and Funding - The company is actively seeking alternative funding sources, including any forms of debt or equity financing, to improve its capital structure and reduce overall financing costs [21]. - The company is considering the sale of non-core businesses and/or financial assets to enhance profitability [21]. - The financing costs for the six months ended June 30, 2025, were HKD 76,969,000, a decrease from HKD 104,451,000 for the same period in 2024 [27]. - The group has no bank borrowings as of June 30, 2025, compared to HKD 187,279,000 in 2024, indicating a significant reduction in financial obligations [37]. - The group has extended the maturity of other borrowings from a financial institution to December 2024, with an annual interest rate of 12% [40]. - The group has recognized a civil execution order for the transfer of commercial property valued at RMB 170,060,160 to settle outstanding loans with Zhejiang Chouzhou Commercial Bank [42]. - The group has recorded a net liability of 280,595 thousand Hong Kong dollars related to the sale of assets [43]. - The group has withheld 60,000,000 Hong Kong dollars as a provision for withholding corporate income tax [45]. - The group has made a corporate income tax provision of 28,200,000 Hong Kong dollars but has not yet reported the transaction to the Chinese tax authority [45]. - The group has extended the cash withholding agreement with a third-party seller until December 31, 2024 [46]. Business Operations and Strategy - The company has not reported any new products or technologies, nor any significant market expansion or acquisition strategies during this period [10]. - The company has taken measures to strictly control production costs and expenses to achieve profitability and positive cash flow operations [17]. - The company is in discussions with potential investors and professional advisors to explore various options for a feasible restructuring plan [15]. - The company is actively exploring new business opportunities in the market despite ongoing legal challenges and uncertainties [57]. - The company has focused on enhancing asset management capabilities and profitability, aiming to improve property market value and asset efficiency [50]. - The centralized heating business generated revenue of approximately HKD 7,800,000 for the reporting period, an increase from HKD 13,060,000 in the previous period, serving about 12 active customers [55]. - The company is in discussions to manage a residential property project in Shanghai, with an estimated annual management fee of approximately HKD 10,100,000, potentially increasing the property management division's annual revenue to about HKD 86,600,000 if negotiations are successful [57]. Legal and Compliance Issues - The company is facing legal actions related to debts owed to China Huarong Asset Management Co., Ltd., which may impact its financial position and operations [58]. - The company is committed to reviewing its existing operations and financial condition to address issues that led to its trading suspension [15]. - Trading of the company's shares has been suspended since April 2, 2024, and will continue until further notice [91]. - The company is taking appropriate measures to rectify issues leading to the suspension of trading and is working towards compliance with listing rules [90]. Corporate Governance - The board approved the publication of the condensed consolidated interim financial statements on November 30, 2025 [48]. - The company has adopted a standard code of conduct for securities trading by directors, confirming compliance throughout the review year and up to the announcement date [81]. - The company has adhered to the corporate governance code as per the listing rules, although the positions of Chairman and CEO are currently vacant [83]. - The Audit Committee has reviewed the unaudited interim results for the six months ending June 30, 2025, and confirmed compliance with applicable accounting standards and listing rules [84]. - The company has appointed independent non-executive directors, meeting the minimum requirements set by the listing rules as of November 5, 2025 [85]. - The board of directors currently consists of seven members, including three independent non-executive directors [94].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不會就因本公告全部或任何部分內容而產生或因 依賴該等內容而引致的任何損失承擔任何責任。 董事會謹此於二零二四年年報之「企業管治報告」中就上述事宜向本公司股東及潛 在投資者提供補充資料。 獨立非執行董事已審查是否存在有關本集團（作為一方）與最大股東或任何董事 （作為另一方）之間任何利益衝突的任何事宜。獨立非執行董事確認，截至二零二 四年十二月三十一日止年度及直至二零二四年年報日期，本集團與最大股東或任 何董事之間並無利益衝突。 （於開曼群島註冊成立的有限公司） （股份代號：2458） 截至二零二四年十二月三十一日止年度之年報的補充公告 茲提述(i)望塵科技控股有限公司（「本公司」）日期為二零二二年十二月三十日之招 股章程（「招股章程」）；及(ii)本公司及其附屬公司（連同本公司統稱「本集團」）截 至二零二四年十二月三十一日止年度之年報（「二零二四年年報」）。除文義另有所 指外，本公告所用詞彙與招股章程及二零二四年年報所界定者具有相同涵義。 誠如招股章程第377至378頁所披露，為管理本集團 ...

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佈之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不會就因本公佈全部或任何部分內容而產生或因倚賴該等內 容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （股份代號：0151） 截至2025年9月30日止六個月中期業績公佈 財務摘要 | | 未經審核 | | | | --- | --- | --- | --- | | | 截至9月30日止六個月 | | | | | 2025年 | 2024年 | 變動 | | （人民幣千元，除特別註明外） 主要收益表項目 | | | % | | 收益 | 11,107,792 | 10,876,637 | +2.1 | | 毛利 | 5,131,748 | 5,141,311 | -0.2 | | 營運利潤 | 2,260,712 | 2,540,711 | -11.0 | | 本公司權益持有人應佔利潤 | 1,717,427 | 1,863,371 | -7.8 | | 每股基本及攤薄盈利 （人民幣分） | 14.55 | 15.78 | -7.8 | | 主要財務比率 | % | % ...

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 就 因 本 公 告 全 部 或 任 何 部 分 內 容 所 產 生 或 因 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 瑞森生活服務有限公司 RUISEN LIFE SERVICE CO, LIMITED （於開曼群島註冊成立的有限公司） （ 股 份 代 號：1922） 截至2024年12月31日止年度 年度業績公告 及 繼續暫停買賣 業績摘要 1 • 於2024年的收益約為人民幣1,955.7百 萬 元，較2023年約人民幣1,973.2 百萬元減少約0.9%。 • 於2024年的毛利約為人民幣272.0百 萬 元，較2023年約人民幣311.3百 萬 元減少約12.6%。於2024年的毛利率約為13.9%，較2023年 約15.8%減 少 1.9個 百 分 點。 • 於2024年的虧損約為人民幣20.6百 萬 元，較2023年溢利約人民幣97.0百 萬元減少約121.2%。2024年的淨虧損率約為1. ...

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 就 因 本 公 告 全 部 或 任 何 部 分 內 容 所 產 生 或 因 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 瑞森生活服務有限公司 RUISEN LIFE SERVICE CO, LIMITED （於開曼群島註冊成立的有限公司） 中期業績 瑞 森 生 活 服 務 有 限 公 司（「本公司」）之 董 事（「董 事」，各「董 事」）會（「董事會」）欣 然 公 佈 本 公 司 及 其 附 屬 公 司（「本集團」）截 至2024年6月3 0日止六個月之未經審 核 中 期 簡 明 綜 合 財 務 資 料，連 同 截 至2023年6月3 0日 止 六 個 月 之 比 較 數 字。 中期簡明綜合損益及其他全面收益表 | | | 截 至6月3 | 0日止六個月 | | --- | --- | --- | --- | | | 附 註 | 2024年 | 2023年 | | | | 人民幣千元 | 人民幣千元 | ...