香港交易及結算所有限公司及香港聯合交易所有限公司（「香港聯交所」）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。 NetEase, Inc. （於開曼群島註冊成立的有限責任公司） （股份代號：9999） 2025 年 9 月 30 日止第三季度未經審計的財務業績公告及 第三季度股息公告 網易股份有限公司（「公司」）在此公佈 2025 年第三季度的季度股息及業績公告，其 中包含截至 2025 年 9 月 30 日的三個月未經審計的財務業績。本業績公告可於香港聯交所 網站 www.hkexnews.hk 及公司網站 http://ir.netease.com 閱覽。 承董事會命 NetEase, Inc. 丁磊 董事 中國杭州，2025年 11 月 20 日 於本公告日期，本公司董事會包括董事丁磊先生；以及獨立董事唐徽女士、鄭玉芬女 士、唐子期先生、梁民傑先生及陳覺忠先生。 媒體和投資者請聯繫: 郵箱：ir@service.netease.com 電話：(+86) 571-8985-3378 網易公佈 ...

Financial Performance - Revenue for the six months ended 30 September 2025 was HK$29,241,000, a decrease of 15.5% compared to HK$34,436,000 for the same period in 2024[11]. - Gross profit increased to HK$757,000 from HK$45,000, marking a significant improvement[11]. - Compensation income for the period was HK$9,370,000, slightly down from HK$9,978,000, representing a decrease of 6.1%[11]. - Loss before tax narrowed to HK$12,825,000 from HK$15,974,000, indicating a reduction of 19.5%[11]. - Total comprehensive income for the period was HK$12,447,000, up from HK$10,971,000, reflecting an increase of 13.4%[13]. - Loss attributable to owners of the Company was HK$12,881,000, an improvement from HK$15,973,000[12]. - Basic and diluted loss per share attributable to ordinary equity holders of the Company for the period was HK4.43 cents, an improvement from HK5.50 cents in the previous period[15]. - The company reported a total comprehensive loss for the period of HK$10,971,000, compared to a loss of HK$15,974,000 in the previous period, indicating an improvement of about 31.5%[21]. - The Group recorded a revenue of approximately HK$29,241,000 for the Reporting Period, a decrease from HK$34,436,000 in the previous period[113][116]. - Gross profit for the Reporting Period was approximately HK$757,000, with a gross profit margin of 2.58%, compared to HK$45,000 and 0.13% in the previous period[114][118]. - The Group's loss for the Reporting Period was approximately HK$12,825,000, an improvement from a loss of HK$15,974,000 in the previous period[133][137]. Expenses and Costs - Administrative expenses decreased to HK$7,550,000 from HK$8,345,000, a reduction of 9.5%[11]. - Finance costs decreased to HK$15,402,000 from HK$17,653,000, a decline of 12.8%[11]. - Total employee benefit expenses increased from HK$4,031,000 to HK$4,400,000, with wages and salaries rising from HK$3,953,000 to HK$4,331,000[69]. - Depreciation for the period was HK$745,000, with HK$740,000 attributed to right-of-use assets[69]. - Interest expenses on other borrowings decreased from HK$16,264,000 to HK$14,254,000 year-over-year[67]. Assets and Liabilities - Total non-current assets as of 30 September 2025 amounted to HK$1,701,346,000, up from HK$1,668,142,000 as of 31 March 2025, reflecting a growth of 2.0%[17]. - Current assets increased to HK$150,355,000 as of 30 September 2025, compared to HK$142,757,000 as of 31 March 2025, representing a rise of 5.6%[17]. - Total current liabilities rose to HK$610,755,000 as of 30 September 2025, compared to HK$587,253,000 as of 31 March 2025, indicating an increase of 4.0%[17]. - Net current liabilities as of 30 September 2025 were HK$(460,400,000), worsening from HK$(444,496,000) as of 31 March 2025[17]. - Total non-current liabilities increased to HK$187,309,000 as of 30 September 2025, compared to HK$182,456,000 as of 31 March 2025, marking a rise of 2.3%[19]. - Net assets as of 30 September 2025 were HK$1,053,637,000, an increase from HK$1,041,190,000 as of 31 March 2025, reflecting a growth of 1.2%[19]. - Total equity attributable to the owners of the Company was HK$883,660,000 as of 30 September 2025, up from HK$874,664,000 as of 31 March 2025, indicating an increase of 1.0%[19]. - The accumulated losses as of September 30, 2025, amounted to HK$1,171,376,000, which is an increase from HK$1,158,495,000 as of April 1, 2025[21]. - Total trade receivables as of September 30, 2025, amounted to HK$3,198,000, an increase from HK$54,000 as of March 31, 2025, primarily due to new transactions[81]. - Trade deposits and other receivables from Energy Technology increased to HK$144,307,000 as of September 30, 2025, compared to HK$139,820,000 as of March 31, 2025, reflecting a growth of approximately 3.5%[83]. - Other payables and accrued charges rose to HK$33,081,000 as of September 30, 2025, up from HK$27,847,000 as of March 31, 2025, indicating an increase of approximately 18.5%[85]. - Interest payable increased to HK$117,732,000 as of September 30, 2025, compared to HK$103,478,000 as of March 31, 2025, representing a rise of approximately 13.8%[85]. Cash Flow and Financing - Net cash generated from operating activities for the six months ended September 30, 2025, was HK$1,312,000, a significant increase from HK$411,000 in the same period last year[23]. - Cash and cash equivalents at the end of the period stood at HK$749,000, slightly up from HK$704,000 at the same time last year, showing a growth of approximately 6.4%[23]. - The company experienced a net decrease in cash and cash equivalents of HK$572,000 during the period, contrasting with a decrease of HK$283,000 in the previous year[23]. - The Group's cash and bank balances decreased to approximately HK$749,000 as of 30 September 2025, down from HK$1,675,000 as of 31 March 2025[148]. - The Group's financial assets at amortised cost, including cash and cash equivalents, amounted to HK$150,355,000[99]. - The Group's financial liabilities at amortised cost as of 30 September 2025 totaled HK$432,117,000[99]. - The Group's interest rate risk is managed by maintaining fixed-rate borrowings to minimize fair value interest rate risk[151]. - The Group incurred a loss attributable to owners of approximately HK$12,881,000 for the six months ended 30 September 2025, with net current liabilities of approximately HK$460,400,000 as of the same date[26]. Business Strategy and Operations - The Company continues to explore market expansion opportunities and new product development strategies[9]. - The Company is actively seeking business expansion opportunities and evaluating potential mergers and acquisitions within the industry[109][111]. - The Group did not generate revenue from the Coke Production Segment for two consecutive reporting periods due to the disposal of GRG Huscoke (Shanxi) Limited and construction delays of production supporting equipment[126]. - The overall strategy includes maintaining sustainable operations through processing and production before the coking ovens officially commence operation[110][112]. - The Group has entered into a framework agreement with Energy Technology to conduct coke production through leasing existing facilities[106]. Corporate Governance and Compliance - The interim financial statements have been prepared in accordance with Hong Kong Accounting Standard 34, ensuring compliance with applicable disclosure requirements[24]. - The financial statements have been prepared on a historical cost basis, except for certain financial instruments measured at fair value[32]. - The Group has applied amendments to HKFRS Accounting Standards, which had no material impact on its financial positions and performance[34]. - The Company has complied with the Corporate Governance Code provisions during the reporting period, except as disclosed[184]. - The roles of Chairman and Chief Executive Officer are held by Mr. Zhao Xu Guang, which the Board believes ensures consistent leadership and effective strategic planning[185]. - The Company has adopted the Model Code for Securities Transactions by Directors, and all Directors confirmed compliance during the reporting period[190]. Shareholder Information - The company did not recommend any interim dividend for the six months ended 30 September 2025, consistent with the previous year[71]. - The Company did not declare any interim dividend for the six months ending September 30, 2025[8]. - The Group's issued and fully paid ordinary shares remained at 290,373,235 shares as of both 30 September 2025 and 31 March 2025[90]. - As of September 30, 2025, Mr. Zhao Xu Guang holds 146,841,904 shares, representing approximately 50.57% of the issued share capital of the Company[170]. - Shun Wang Investments Limited, a subsidiary of Whole Advance Limited, also holds 146,841,904 shares, equating to 50.57% of the issued share capital[176]. - Rontac Resources Company Limited holds 14,718,922 shares, which is about 5.07% of the issued share capital[176]. - The Company did not have any share scheme in effect or any outstanding share options during the reporting period[179]. - The 2013 share option plan expired on March 28, 2023, with no active share plans or unexercised options during the reporting period[181]. - As of September 30, 2025, Mr. Li Hongwei is deemed to be interested in 14,718,922 shares of the Company, representing a significant ownership stake[182]. Legal and Regulatory Matters - The Group has received statutory demands and a winding-up petition from a major creditor, indicating material uncertainty regarding its ability to continue as a going concern[26]. - The hearing for a winding-up petition was adjourned to 24 November 2025 at the request of the major creditor[164]. - The winding-up petition hearing originally scheduled for August 25, 2025, has been postponed to November 24, 2025, at the request of the Petitioner[166]. - The settlement agreement regarding the winding-up petition will be formally signed after the completion of the adjustment of preference shares[165]. - The Company will inform shareholders and potential investors of any significant developments related to the petition as appropriate[165].

香港聯合交易所 有限公司（「聯交所」） GEM之特色 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。 本報告乃根據聯交所GEM證券上市規則（「GEM上市規則」）提供有關天時資源控股有限 公司（「本公司」）的資料。本公司各董事（「董事」）願對本報告共同及個別承擔全部責任。 各董事在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 面均屬準確完整，並無誤導或欺詐成分，且並無遺漏任何其他事項，致使本報告所載任 何陳述或本報告有所誤導。 本報告將由其刊登日期起計最少七天於聯交所網站www.hkexnews.hk ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 46,076,000, a decrease of 27% compared to HKD 63,144,000 for the same period in 2024[4] - Gross profit margin decreased to 38.5% in 2025 from 34.5% in 2024, reflecting a reduction in cost of sales to HKD 28,439,000 from HKD 41,798,000[4] - The company reported a profit from continuing operations of HKD 181,000 for the six months ended September 30, 2025, compared to a loss of HKD 10,463,000 in the same period of 2024[4] - Total comprehensive income for the period was HKD 316,000, a significant improvement from a total comprehensive loss of HKD 22,669,000 in 2024[5] - Basic and diluted earnings per share from continuing operations was HKD 0.02, compared to a loss per share of HKD 1.00 in 2024[7] - The company reported a net loss of HKD 16,588,000 for the period, contributing to a total comprehensive loss of HKD 22,165,000[9] - The company’s total comprehensive income for the period was HKD 316,000, compared to a total comprehensive income of HKD 0 in the previous year[9] - Operating profit from continuing operations decreased from approximately HKD 21,346,000 for the six months ended September 30, 2024, to approximately HKD 17,637,000 for the six months ended September 30, 2025, a decrease of about HKD 3,709,000[53] Assets and Liabilities - Non-current assets decreased slightly to HKD 74,024,000 as of September 30, 2025, from HKD 75,583,000 as of March 31, 2025[8] - Current assets decreased to HKD 71,079,000 from HKD 75,910,000, with a notable reduction in trade receivables and contract assets[8] - Current liabilities decreased to HKD 25,841,000 from HKD 32,547,000, indicating improved liquidity management[8] - The company maintained a stable equity position with total equity of HKD 117,526,000 as of September 30, 2025, compared to HKD 117,210,000 as of March 31, 2025[8] - As of September 30, 2025, the net trade receivables and contract assets amounted to approximately HKD 16,227,000, a decrease of 20.3% from HKD 20,330,000 as of March 31, 2025[35] - The total trade payables as of September 30, 2025, were HKD 8,922,000, down from HKD 9,212,000 as of March 31, 2025, reflecting a decrease of 3.2%[36] - Bank borrowings decreased to HKD 8,191,000 as of September 30, 2025, from HKD 10,239,000 as of March 31, 2025, representing a reduction of 19.9%[40] - The group's debt-to-equity ratio as of September 30, 2025, was approximately 5.6%, down from 6.8% as of March 31, 2025[63] Cash Flow - Net cash generated from operating activities was HKD 3,660,000, a decrease of 56% from HKD 8,324,000 in the prior year[10] - Cash and cash equivalents at the end of the period increased to HKD 50,520,000, up from HKD 41,427,000 year-over-year[10] - The company incurred financing costs of HKD 170,000 for the six months ended September 30, 2025, down 57.1% from HKD 396,000 in 2024[20] - The total income tax expense for the six months ended September 30, 2025, was HKD 4,000, significantly lower than HKD 243,000 in 2024, reflecting a decrease of 98.4%[21] - The company’s financing activities resulted in a net cash outflow of HKD 2,218,000, an improvement from HKD 2,690,000 in the prior year[10] Operational Efficiency - The company is focusing on enhancing operational efficiency and exploring new market opportunities to drive future growth[4] - Employee costs for continuing operations decreased by approximately HKD 4,392,000 or 25.2%, from approximately HKD 17,422,000 for the six months ended September 30, 2024, to approximately HKD 13,030,000 for the six months ended September 30, 2025[54] - Other operating expenses decreased by approximately HKD 2,656,000 or 48.1%, from approximately HKD 5,519,000 for the six months ended September 30, 2024, to approximately HKD 2,863,000 for the six months ended September 30, 2025[57] Shareholder Information - The total number of issued and fully paid shares as of September 30, 2025, was 1,050,500, with a total capital of HKD 10,505,000[47] - Major shareholders include Luxurious Bay Capital Limited, Newmark Group Limited, and Knight Sky Holdings Limited, each holding 602,100,000 shares (57.32%) as of September 30, 2025[82] - As of September 30, 2025, Dr. Huang Jingqiang holds 602,100,000 shares (57.32%) through Luxurious Bay Capital Limited, and an additional 108,300,000 shares (10.30%) as a beneficial owner[80] Corporate Governance - The audit committee, composed of three independent non-executive directors, has reviewed the unaudited consolidated performance for the period and confirmed compliance with applicable accounting standards and disclosure requirements[89] - The board is not aware of any significant matters that require disclosure after the reporting period up to the report date[91] - The company maintains a sufficient level of public float as required by the listing rules as of the report date[90]

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 之 任 何 損 失 承 擔 任 何 責 任。 SA SA INTERNATIONAL HOLDINGS LIMITED 莎莎國際控股有限公司 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股 份 代 號：178） 截 至2025年9月30日止六個月中期業績 股息及暫停辦理股份過戶登記手續 2025年10月1日 至11月16日之營運最新情況 莎莎國際控股有限公司（「本公司」）之 董 事 會 宣 佈，本 公 司 與 其 附 屬 公 司（「集 團」）截 至 2025年9月30日止六個月（「期 內」或「本財政年度上半年」）之未經審核簡明綜合中期財 務 資 料。未 經 審 核 簡 明 綜 合 中 期 財 務 資 料 已 經 由 本 公 司 審 核 委 員 會 ...

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 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 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 之 任 何 損 失 承 擔 任 何 責 任。 CSPC PHARMACEUTICAL GROUP LIMITED 石藥集團有限公司 （股份代號：1093） （於香港註冊成立之有限公司） 截 至2025年9月30日 止 九 個 月 之 季 度 業 績 石 藥 集 團 有 限 公 司（「本 公 司」）董 事 會（「董 事 會」）欣 然 公 佈，本 公 司 及 其 附 屬 公 司（「本 集 團」）截 至2025年9月30日 止 九 個 月 之 未 經 審 核 綜 合 業 績。 | 財 | 務 | 摘 | 要 | 幣 | （人 | 千 | 元，除 | 非 | 另 | 有 | 指 | 明） | 民 | | | | | | | | | | | | | | | | | | | | ...

Financial Performance - The company's revenue reached a record high of $39.3 billion, representing an 18% year-over-year growth, while the profit attributable to equity holders increased by 40% to $846 million[5]. - The adjusted operating profit for the first half of the fiscal year increased by 10% to $1.39 billion, while the adjusted profit before tax rose by 24% to $1.13 billion[4]. - The group's total revenue for the six months ended September 30, 2025, was approximately $39.282 billion, representing an 18% year-over-year increase from $33.297 billion[22]. - Operating profit rose by 25% to $1.428 billion, while net profit increased by 44% to $918 million[22]. - The company reported a net profit margin increase of 0.4 percentage points to 2.2%[22]. - The company reported a net profit of $380 million for the three months ended September 30, 2025, a slight decrease of 1% compared to $383 million in the same period of 2024[29]. - The company reported a profit attributable to equity holders of $340.3 million for the three months ended September 30, 2025, compared to $358.5 million for the same period in 2024[50]. - The company reported a total comprehensive income of $1.31 billion for the period, compared to $503.14 million in the previous year[59]. Revenue Growth - AI-related revenue accounted for 29% of total revenue, up 15 percentage points year-over-year, driven by increased sales of AI devices, servers, and services[5]. - The smart devices business saw a 15% increase in revenue and a 13% rise in operating profit, benefiting from a surge in AI computer shipments and strong sales of high-end products[5]. - Infrastructure solutions revenue grew by 30%, with AI infrastructure business recording high double-digit year-over-year growth, supported by cloud and enterprise infrastructure strategies[5]. - The group's revenue reached a record high of $20.5 billion in Q2, representing a year-over-year growth of 15%[10]. - The smart devices business group saw a revenue increase of 15% and an operating profit growth of 13% in the first half of the year, driven by strong demand for personal computers and other smart devices[11]. - The infrastructure solutions business group recorded a revenue increase of 30% year-over-year, primarily due to rising demand for AI infrastructure and new cloud infrastructure business customers[13]. - The solutions services business group achieved record revenue with a year-over-year growth of 19% and an operating profit margin of 22%[15]. - Revenue from the smart devices business group reached $15.1 billion, with an operating profit of $1.1 billion, compared to $13.5 billion and $990 million in the same period last year[34]. - The Infrastructure Solutions Business Group reported a revenue of $8.38 billion, a significant increase from $6.47 billion, although it incurred an operating loss of $117.56 million[59]. Cash Flow and Expenses - Operating cash flow reached $2.8 billion, with free cash flow climbing to $1.9 billion, supporting growth across all business segments[9]. - Operating expenses for the three months ended September 30, 2025, totaled $2.50 billion, up 17% from $2.15 billion in the same period of 2024[30]. - Financial expenses decreased by 11% year-over-year, mainly due to a reduction in bank loan and overdraft interest by $9 million and a decrease in note interest by $25 million[27]. - Financial expenses increased to $357.15 million for the six months ended September 30, 2025, from $399.51 million in the same period of 2024, indicating a decrease of 10.6%[66]. - The company recognized a fair value gain of $85.78 million on financial assets for the six months ended September 30, 2025, compared to $9.15 million in the prior year[26]. Research and Development - R&D expenditure increased by 8%, underscoring the company's commitment to advancing its hybrid AI strategy and enhancing AI capabilities across its product portfolio[9]. - The company launched a comprehensive range of AI-driven devices and experiences at Lenovo Innovation World 2025, including high-performance PCs and smart devices, aligning with its vision of "AI for All"[9]. - The company is focusing on developing AI-driven solutions and enhancing its core computing capabilities as part of its "Hybrid AI for All" strategy[21]. Market Performance - The Asia-Pacific region (excluding China) saw a 30% year-over-year revenue increase, driven by strong performance in smart devices and infrastructure solutions[18]. - The Chinese market achieved a 24% year-over-year revenue growth, supported by the adoption of AI computers and new product launches[19]. - Revenue in the Americas grew by 13% year-over-year, bolstered by strong performance in personal computers and infrastructure solutions[19]. - The Europe, Middle East, and Africa market experienced an 11% year-over-year revenue increase, with personal computer shipments reaching the highest level since Q4 FY22[20]. Strategic Initiatives - The company continues to enhance its commitment to sustainability and ethical innovation by joining the Sustainable AI Alliance initiated by the French government and UNEP[10]. - Strategic investments are expected to further strengthen the company's industry leadership and maintain long-term growth momentum[21]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[51]. Financial Position - Total assets as of September 30, 2025, were $49.83 billion, with equity attributable to equity holders at $6.84 billion[43]. - The current ratio as of September 30, 2025, was 0.96, indicating a slight increase from 0.93 as of March 31, 2025[43]. - The net cash position as of September 30, 2025, was $760 million, compared to a net debt of $551 million on March 31, 2025, indicating improved financial health[47]. - The company has a loan-to-equity ratio of 0.59 as of September 30, 2025, down from 0.81 on March 31, 2025, indicating a stronger equity position[47]. - The company’s total liabilities as of September 30, 2025, amounted to $16,132,424 thousand, compared to $11,978,933 thousand, an increase of 34.5%[78]. Governance and Compliance - The audit committee has reviewed the unaudited financial performance for the six months ending September 30, 2025[99]. - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange rules, except for the roles of the Chairman and CEO not being separated[100]. - John Lawson Thornton has been appointed as the Chief Independent Director with broad powers and responsibilities, including leading performance evaluations of the Chairman and CEO[101].

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。 根據不同投票權架構，我們的股本包括A類普通股及B類普通股。對於需要股東投票的所有事 項，A類普通股持有人每股可投1票，而B類普通股持有人則每股可投10票。股東及有意投資者 務請留意投資不同投票權架構公司的潛在風險。我們的美國存託股（每股美國存託股代表一股A 類普通股）於美國紐約證券交易所上市，代碼為ZTO。 ZTO Express (Cayman) Inc. 中通快遞（開曼）有限公司（「中通」或「本公司」）欣然公佈其根據美國證券交易委 員會（「美國證交會」）適用規則刊發的截至2025年9月30日止第三季度的未經審計 財務業績（「2025年第三季度業績」）。 2025年第三季度業績乃根據不同於國際財務報告準則的美國公認會計準則編製。 本公告附表I為本公司於2025年11月19日（美國東岸時間）就2025年第三季度業績 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。 （股份代號：2057） 本公 ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 1,618,471,000, a decrease of 10.1% compared to HKD 1,800,461,000 for the same period in 2024[3] - Gross profit for the same period was HKD 487,638,000, down 13.0% from HKD 560,423,000 year-on-year[3] - Profit before tax decreased to HKD 165,676,000, a decline of 11.0% from HKD 186,016,000 in the previous year[4] - Net profit for the period was HKD 100,773,000, down 15.6% from HKD 119,384,000 in the prior year[4] - Basic earnings per share decreased to HKD 0.2068, down from HKD 0.2450 year-on-year, representing a decline of 15.5%[4] - Total comprehensive income for the period was HKD 124,955,000, a decrease of 15.7% compared to HKD 148,307,000 in the same period last year[4] Cash and Assets - Cash and cash equivalents increased to HKD 978,785,000 from HKD 836,081,000, reflecting a growth of 17.0%[5] - Inventory decreased to HKD 446,427,000 from HKD 466,304,000, a reduction of 4.3%[5] - Non-current assets increased to HKD 636,452,000 from HKD 589,431,000, an increase of 8.0%[5] - Total assets of the group as of September 30, 2025, amounted to HKD 2,428,139,000, an increase from HKD 2,243,513,000 as of March 31, 2025[15] - Total equity increased to HKD 1,798,348,000 from HKD 1,754,782,000, reflecting a growth of 2.5%[6] Liabilities and Dividends - The total liabilities of the group as of September 30, 2025, were HKD 629,791,000, compared to HKD 488,731,000 as of March 31, 2025, indicating an increase of 28.9%[15] - The company declared an interim dividend of HKD 5.3 cents per share, totaling HKD 25,830,000, compared to HKD 6.1 cents per share and HKD 29,729,000 in the previous year[22] - The company declared an interim dividend of HKD 0.053 per share and a special dividend of HKD 0.155 per share, totaling HKD 101,371,000, down from HKD 119,890,000 in the previous year[34] Operational Highlights - The operating profit for the China segment was HKD 218,149,000, compared to HKD 212,328,000 in the previous year, reflecting a growth of 2.5%[12] - Revenue from operations in mainland China slightly decreased by 4.7% to HKD 1,261,000,000 compared to HKD 1,323,000,000 in 2024[37] - Revenue from Hong Kong operations decreased by approximately 17.2% to HKD 351,000,000 from HKD 424,000,000 in 2024[38] Expenses and Losses - The depreciation expense for property, plant, and equipment was HKD 23,632,000 for the six months ended September 30, 2025, down from HKD 28,684,000 in the same period of 2024[18] - The group incurred a loss of HKD 706,000 from the sale of property, plant, and equipment during the period, compared to a loss of HKD 277,000 in the previous year[27] - The group’s interest income from bank deposits decreased to HKD 4,225,000 from HKD 6,449,000 year-on-year, reflecting a decline of 34.5%[16] - Total rental expenses decreased by 3.9% to HKD 99,000,000, accounting for 27.0% of total operating expenses[39] Governance and Compliance - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange rules, with exceptions regarding the separation of roles between the Chairman and CEO since February 10, 2021[48] - The audit committee consists of three independent non-executive directors and has reviewed the accounting principles and internal controls for the six months ending September 30, 2025[50] - The interim results announcement is available on the Hong Kong Stock Exchange and the company's website, complying with all regulatory requirements[51] - The board of directors includes executive and independent non-executive members, ensuring a diverse governance structure[52] Inventory and Receivables - Trade receivables amounted to HKD 219,032,000 as of September 30, 2025, up from HKD 198,773,000 as of March 31, 2025, indicating an increase of about 10.2%[30] - Trade payables increased to HKD 40,121,000 as of September 30, 2025, compared to HKD 25,571,000 as of March 31, 2025, reflecting a rise of approximately 56.8%[31] - Inventory levels decreased by 4.3% to HKD 446,000,000 compared to HKD 466,000,000 as of March 31, 2025[39] Future Outlook - The luxury goods market is expected to remain under pressure in the short term, with a focus on strengthening partnerships with leading brands and selective store openings[40]

（於開曼群島以GDS Holdings Limited的名稱註冊成立及以不同投票權控制的有限公司， 並以GDS WanGuo Holdings Limited於香港經營業務） （股份代號：9698） 2025年第三季度業績公告 我們謹此宣佈截至 2025 年 9 月 3 0 日止第三季度的未經審計財務業績（「業 績公告」）。業績公告可於香港聯交所網站 www.hkexnews.hk 及我們的網 站 www.gds-services.com 查閱。 香港交易及結算所有限公司、香港聯合交易所有限公司（「香港聯交所」）及香港中央結算有限公 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。 萬國數據控股有限公司*（「本公司」）以不同投票權控制。股東及有意投資者務請留意投資不同 投票權架構公司的潛在風險，特別是不同投票權受益人的利益未必總與股東整體利益一致，而 不論其他股東如何投票，不同投票權受益人會對股東決議案的結果有重大影響。我們的美國存 託股（每股美國存託股代表八股A類普通股）於美國納斯達克全球市場上市 ...