Financial Performance - For the six months ending September 30, 2025, the total contract amount for ongoing projects was approximately HKD 1,135.1 million, with confirmed revenue of about HKD 813.2 million[11]. - The group recorded a gross profit of approximately HKD 24,377,000 for the review period, compared to HKD 21,109,000 for the same period in 2024, reflecting a gross profit margin increase from 8.7% to 11.1%[12]. - The consolidated net profit for the review period was approximately HKD 5,684,000, a significant increase from HKD 1,227,000 in the same period of 2024[12]. - The company's revenue decreased by approximately HKD 22,763,000 or about 9.4% to approximately HKD 219,621,000 for the six months ended September 30, 2024[15]. - Total revenue for the six months ended September 30, 2025, was HKD 219,621,000, a decrease of 9.4% compared to HKD 242,384,000 for the same period in 2024[42]. - Profit before tax increased significantly to HKD 5,963,000, compared to HKD 1,546,000 in the previous year, marking a growth of 285.5%[42]. - Net profit for the period was HKD 5,684,000, up from HKD 1,227,000, reflecting a year-on-year increase of 363.5%[42]. - The company reported a total comprehensive income of HKD 5,797,000 for the period, compared to HKD 1,218,000 in the previous year[42]. Project and Investment Overview - The group currently holds seven investment properties, with three already on the market after renovation, and anticipates improved rental income as more properties become available[12]. - The group has 21 ongoing projects, each with a contract value exceeding HKD 5 million, indicating a robust project pipeline[11]. - The group focuses on providing design and construction services for new buildings and renovation services for existing structures, primarily in the window and façade engineering sector[9]. - The group aims to enhance its market presence through strategic investments in property leasing and ongoing project management[12]. - The group is committed to expanding its service offerings in both new construction and renovation markets, targeting residential and non-residential buildings[10]. Cost and Profitability Analysis - The gross profit margin improvement is attributed to the recovery from losses incurred in the previous year, indicating a positive trend in operational efficiency[12]. - Gross profit for the period was approximately HKD 24,377,000, an increase of about 15.5% compared to approximately HKD 21,109,000 for the previous six months[16]. - The gross profit margin improved to approximately 11.1% from 8.7% in the previous period, attributed to recovery from losses incurred in the same period of 2024[16]. - Financing costs decreased by approximately 56.8% to about HKD 121,000, primarily due to reduced interest from lease liabilities and early repayment of bank loans[21]. - The group incurred a total construction cost of HKD 194,682,000, down from HKD 220,877,000, reflecting a reduction of 11.9%[64]. Cash Flow and Financial Position - The company’s cash and bank balances totaled approximately HKD 52,076,000 as of September 30, 2025, compared to approximately HKD 53,208,000 as of March 31, 2025[23]. - The debt-to-equity ratio was approximately 0.4% as of September 30, 2025, down from about 3.1% as of March 31, 2025[27]. - Capital expenditures during the period amounted to approximately HKD 3,000 for property, plant, and equipment acquisitions, funded mainly by internal resources[28]. - Cash and cash equivalents at the end of the period stood at HKD 52,076,000, an increase from HKD 32,633,000 at the end of the same period last year[49]. - The group had no bank borrowings as of September 30, 2025, with all borrowings fully repaid during the review period[83]. Market Conditions and Challenges - The company faced challenges including a slowdown in industry growth and weak demand in the real estate market, impacting new residential project opportunities[14]. - The management remains cautiously optimistic about the long-term prospects of the Hong Kong construction industry, emphasizing the need for strategic adjustments to navigate current market conditions[14]. Shareholder and Governance Information - The company did not declare an interim dividend for the period under review, consistent with the previous year[40]. - The company has adopted a share option scheme as a reward for directors and eligible employees, with no significant labor disputes reported during the review period[39]. - The group’s issued and paid-up share capital remains at HKD 10,000,000 as of September 30, 2025[87]. - As of September 30, 2025, the group has contingent liabilities related to performance guarantees amounting to HKD 60,076,000, slightly down from HKD 60,646,000 as of March 31, 2025[89]. - The board consists of five members, including executive directors and independent non-executive directors, ensuring a balanced governance structure[115]. - The company has established an audit committee consisting of three independent non-executive directors to review internal controls, risk management, and financial reporting matters[112]. Other Relevant Information - The group recognized government subsidies amounting to HKD 593,000 during the period[56]. - The total impairment provision for trade receivables was HKD 6,974,000, compared to HKD 17,326,000 in the previous year, showing a decrease of 59.7%[64]. - The group’s external revenue from investment property leasing was HKD 1,604,000, compared to HKD 1,987,000 in the previous year, a decrease of 19.3%[59]. - The group purchased additional investment properties for approximately HKD 20,000,000 during the review period, with a fair value loss of HKD 20,000,000 recognized[72]. - The group’s minimum lease payments receivable for the next year are projected at HKD 2,024,000, up from HKD 1,381,000 as of March 31, 2025[94].

Financial Performance - The Group's revenue for the six months ended 30 September 2025 was approximately RMB 748.16 million, representing a decrease of approximately 12.92% compared to the same period in the previous fiscal year[5]. - Profit attributable to owners for the Interim Period was approximately RMB 107.62 million, an increase from RMB 85.47 million in the previous year[9]. - Total comprehensive income attributable to owners for the Interim Period was approximately RMB 117.31 million, compared to RMB 87.85 million in the previous year[9]. - Basic earnings per share for the Interim Period was approximately RMB 0.030, up from RMB 0.024 in the previous year[9]. - The Group's gross profit for the Interim Period was approximately RMB 343.32 million, down from RMB 378.30 million in the previous year[7]. - Profit for the period was RMB 107,620,000 for the six months ended September 30, 2025, compared to RMB 85,474,000 for the same period last year, marking an increase of around 25.9%[17]. - Other comprehensive income for the period totaled RMB 9,686,000, contributing to a total comprehensive income of RMB 117,306,000 for the six months ended September 30, 2025[17]. - Profit before income tax for the period was RMB 226.252 million, compared to RMB 242.414 million for the same period in 2024, indicating a decrease of approximately 6.5%[41]. Expenses and Liabilities - Selling and distribution expenses decreased to RMB 17.60 million from RMB 30.78 million in the previous year, reflecting a reduction of approximately 42.7%[7]. - Administrative and other operating expenses increased to RMB 110.93 million from RMB 101.89 million in the previous year[7]. - Non-current liabilities decreased from RMB 1,128,039,000 as of March 31, 2025, to RMB 826,629,000 as of September 30, 2025, representing a reduction of approximately 26.7%[13]. - Current liabilities decreased to RMB 1,437.85 million from RMB 1,601.30 million as of 31 March 2025[11]. Assets and Equity - Non-current assets increased to RMB 3,620.58 million as of 30 September 2025, compared to RMB 3,298.31 million as of 31 March 2025[11]. - Net assets increased from RMB 2,175,488,000 as of March 31, 2025, to RMB 2,356,492,000 as of September 30, 2025, reflecting a growth of about 8.3%[13]. - Total equity rose from RMB 2,175,488,000 to RMB 2,356,492,000, indicating an increase of approximately 8.3%[13]. - Current assets were approximately RMB 1,301.80 million, with cash and cash equivalents at approximately RMB 605.89 million as of September 30, 2025[79][84]. Cash Flow - The company reported a total cash flow from operating activities for the six months ended September 30, 2025, which is detailed in the cash flow statement[18]. - Net cash generated from operating activities for the six months was RMB 215,394,000, a decrease of 4.6% from RMB 226,437,000 in the prior year[19]. - Net cash used in investing activities increased to RMB 340,714,000, compared to RMB 110,904,000 in the same period of 2024[19]. - Net cash generated from financing activities was RMB 98,257,000, contrasting with a net cash used of RMB 15,389,000 in the previous year[19]. - Cash and cash equivalents at the end of the period were RMB 605,890,000, down from RMB 632,545,000 at the beginning of the period[19]. - The company reported a net decrease in cash and cash equivalents of RMB 27,063,000, compared to an increase of RMB 100,144,000 in the same period last year[19]. Sales and Revenue Breakdown - For the six months ended 30 September 2025, external sales from mining operations amounted to RMB 461.485 million, while explosives trading and blasting services generated RMB 286.670 million, totaling RMB 748.155 million in segment revenue[40]. - Sales of explosives dropped significantly to RMB 195,450,000, a decrease of 56.4% compared to RMB 448,059,000 in the prior year[30]. - Revenue from the provision of blasting operations increased to RMB 101,630,000, up 69.7% from RMB 59,952,000 in the previous year[30]. - Sales of mineral concentrates rose to RMB 451,075,000, reflecting a 28.5% increase from RMB 351,186,000 in the same period last year[30]. - Revenue from explosive trading and blasting services decreased by approximately 43.58% compared to the same period in 2024[76]. - The Group's half-year revenue decreased by approximately 12.92% compared to the same period in 2024, primarily due to a 43.58% decline in sales of civil explosives driven by a downturn in the coal and coke industry[77]. Shareholding and Corporate Governance - As of September 30, 2025, Mr. Liu Fali holds 242,415,854 ordinary shares, representing 6.81% of the total shareholding[127]. - The total interests of parties to an agreement to acquire interests in the Company amount to 1,707,147,368 ordinary shares, which is 47.97% of the total shareholding[127]. - Ms. Ma Ye is a beneficial owner of 126,005,000 ordinary shares, accounting for 3.54% of the total shareholding[128]. - Shiny Ocean Holdings Limited holds 1,361,516,331 ordinary shares, representing 38.26% of the total shareholding[135]. - The interests of any parties to an agreement to acquire interests in the Company also include 588,046,891 ordinary shares, which is 16.52% of the total shareholding[135]. - The report indicates that no other directors or chief executives had any interests or short positions in shares as of September 30, 2025[131]. - The Company confirmed compliance with the required standards for directors' securities transactions during the six months ended September 30, 2025[147]. - The company has adhered to the corporate governance code principles and provisions, with the exception of certain deviations regarding insurance cover for directors and the separation of roles between the Chairman and Chief Executive Officer[153][155]. Operational Developments - The company continues to focus on the manufacturing and sale of explosives, as well as the provision of blasting operations and related services in the PRC[21]. - The construction of the detonator production line in Tajikistan is nearly complete and will begin production after safety assessments[117]. - The Tibet Tianren project has commenced full-scale construction and is expected to be operational by the end of 2026[117]. - The Group's management anticipates a rebound in civil explosives sales with the gradual recovery of the coal market[121]. - The second phase of the deep-mining project at Anhui Jinding is progressing steadily, expected to enhance the unit ore value further[122]. Employee and Staff Information - Staff costs for the six months ended September 30, 2025, amounted to RMB 102.03 million, with a total of 1,448 full-time employees as of the same date[106]. - As of September 30, 2025, the Group employed 1,448 full-time employees, an increase from 1,111 employees as of March 31, 2025[110].

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。 ARES ASIA LIMITED 安域亞洲有限公司 （於 百 慕 達 註 冊 成 立 之 有 限 公 司） （股 份 代 號：645） 截至二零二五年九月三十日止六個月 中期業績公告 安 域 亞 洲 有 限 公 司（「本 公 司」）之 董 事（「董 事」）會（「董 事 會」）謹 此 宣 佈 本 公 司 及 其 附 屬 公 司（「本 集 團」）截 至 二 零 二 五 年 九 月 三 十 日 止 六 個 月（「本 期 間」）之 未 經 審 核 簡 明 綜 合 中 期 業 績，連 同 二 零 二 四 年 同 期 之 比 較 數 字 如 下： – 1 – 簡明綜合全面收益表 截至二零二五年九月三十日止六個月 未經審核 截至九月三十日止六個月 二零二五年 二零二四年 附 註 千美元 千美元 收 益 3 493 3,317 銷售成本 (492) ...

Financial Performance - The group's revenue for the six months ended September 30, 2025, was approximately HKD 186,846,000, representing an increase of 4% compared to HKD 178,596,000 for the same period in 2024[3]. - The profit attributable to the company's owners for the reporting period was approximately HKD 1,080,000, a significant recovery from a loss of HKD 10,563,000 in the same period last year[3]. - Basic and diluted earnings per share for the period were approximately HKD 0.50, compared to a loss of HKD 9.46 per share for the same period in 2024[3]. - The group's gross profit for the reporting period was HKD 41,689,000, up from HKD 38,530,000 in the previous year, indicating a gross margin improvement[3]. - Total comprehensive income for the period was HKD 1,474,000, compared to a loss of HKD 12,802,000 in the same period last year[4]. - The reported segment profit for the six months ended September 30, 2025, was HKD 11,902,000, compared to HKD 90,000 for the same period in 2024[22]. - The total comprehensive profit before tax for the six months ended September 30, 2025, was HKD 1,309,000, a significant improvement from a loss of HKD 10,649,000 in 2024[22]. - The company recorded a net profit attributable to shareholders of approximately HKD 1,080,000, a turnaround from a net loss of approximately HKD 10,563,000 in the same period last year, primarily due to reduced general and administrative expenses and gains from the sale of financial assets[96]. Revenue Breakdown - Revenue from foundation construction increased to HKD 155,688,000, up 30.5% from HKD 119,280,000 in the previous year[14]. - Revenue from land surveying services decreased to HKD 22,162,000, down 10% from HKD 24,583,000 in the previous year[14]. - E-commerce revenue significantly declined to HKD 5,257,000, down 81.5% from HKD 28,511,000 in the previous year[14]. - Revenue from financial services was approximately HKD 245,000, compared to approximately HKD 117,000 for the six months ended September 30, 2024[67]. - Revenue from consumer goods trading was approximately HKD 1,924,000, compared to approximately HKD 2,808,000 for the six months ended September 30, 2024[68]. - Revenue from e-commerce business accounted for approximately 2.8% of total revenue, a significant decrease from approximately 16.0% for the six months ended September 30, 2024[64]. Assets and Liabilities - The total assets less current liabilities amounted to HKD 83,183,000 as of September 30, 2025, compared to HKD 55,472,000 as of March 31, 2025[6]. - The company's cash and cash equivalents were HKD 86,449,000, down from HKD 106,965,000 as of March 31, 2025[5]. - The total liabilities decreased from HKD 5,771,000 to HKD 4,231,000, reflecting improved financial stability[6]. - The total liabilities as of September 30, 2025, were HKD 229,826,000, compared to HKD 217,572,000 as of March 31, 2025[23]. - The company's trade receivables increased to HKD 65,723,000 as of September 30, 2025, from HKD 19,326,000 as of March 31, 2025[32]. - The aging analysis of trade receivables shows that amounts overdue by more than 90 days increased to HKD 6,412,000 from HKD 1,614,000[34]. - The impairment provision for trade receivables increased to HKD 5,023,000 at the beginning of the period, with an additional HKD 1,326,000 recognized during the period[34]. - The total amount of interest-bearing borrowings decreased from approximately HKD 178,883,000 as of March 31, 2025, to approximately HKD 174,262,000 as of September 30, 2025[106]. Dividends and Share Capital - The board has proposed no interim dividend for the reporting period, consistent with the previous year[3]. - The company did not recommend the payment of an interim dividend for the reporting period, consistent with the previous year[27]. - The company's issued and paid-up share capital increased to 253,440,000 shares as of September 30, 2025, from 115,200,000 shares as of March 31, 2025[44]. - The company issued 23,040,000 shares at a subscription price of HKD 0.215 per share, raising approximately HKD 4.8 million for general working capital[97]. Operational Insights - The company continues to engage in various business segments, including foundation construction, land surveying, financial services, consumer goods trading, and social media e-commerce[7]. - The company continues to monitor and evaluate its reportable segments to allocate resources effectively and assess performance[15]. - The company aims to enhance its e-commerce business efficiency through operational optimization and strategic adjustments[105]. - The company is facing challenges in the construction sector due to market volatility and execution risks, leading to a cautious approach in its core construction business[105]. Credit and Lending Activities - The company's lending business is managed through its wholly-owned subsidiary, which holds a moneylender license under the Money Lenders Ordinance in Hong Kong[88]. - The lending business primarily serves corporate clients needing financing to meet business demands and individual clients for personal financing[89]. - The expected credit loss provision for other receivables related to unredeemed subscriptions was fully provided for approximately HKD 26,926,000 as of September 30, 2025[86]. - The total outstanding loan principal as of September 30, 2025, is approximately HKD 5,300,000, down from HKD 7,700,000 as of March 31, 2025, representing a decrease of about 31.17%[94]. - The interest income from lending activities during the reporting period amounts to approximately HKD 245,000, compared to HKD 117,000 for the six months ending September 30, 2024, indicating a year-over-year increase of approximately 109.4%[95]. Expenses and Costs - General and administrative expenses decreased by approximately 15.0% to HKD 36,240,000 from HKD 42,631,000, attributed to reduced employee costs and the absence of one-time consulting fees[75]. - The total salary cost incurred during the reporting period was approximately HKD 40,359,000, compared to approximately HKD 42,732,000 for the six months ending September 30, 2024[122]. - Selling expenses for the reporting period were approximately HKD 2,856,000, slightly down from HKD 2,947,000 for the previous period, primarily driven by e-commerce operations[74]. Future Plans and Investments - The company plans to use the net proceeds of approximately HKD 18,708,000 from the placement for headquarters administration and operational expenses[48]. - The company intends to issue 115,200,000 rights shares at a subscription price of HKD 0.2 per share, with net proceeds of approximately HKD 22,000,000 earmarked for foundation engineering and general operational funds[48]. - The company is actively seeking strategic partnerships and investments in quality enterprises, particularly in the food and beverage industry[105].

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，概不會就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。 STARCOIN GROUP LIMITED 星太鏈集團有限公司 （前稱領航醫藥及生物科技有限公司） （於開曼群島註冊成立並於百慕達存續之有限公司） （股份代號：399） 中期業績公告 截至二零二五年九月三十日止六個月 星太鏈集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」） 會（「董事會」）謹此公佈，本集團截至二零二五年九月三十日止六個月（「本財 政期間」）之未經審核簡明綜合中期業績連同截至二零二四年九月三十日止六 個月（「上一財政期間」）之比較數字如下： 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 | | | | 千港元 | 千港元 | | | 附註 | （未經審核）（未經審核） | | | 收益 | 3 | 3,206 ...

Financial Performance - Total revenue for the year ended August 31, 2025, was RMB 345,039,000, representing a 6.9% increase from RMB 322,901,000 in 2024[4] - Gross profit decreased by 1.1% to RMB 117,545,000 from RMB 118,871,000 in the previous year[4] - The company reported a net loss of RMB 73,912,000 for the year, a significant decline of 470.4% compared to a profit of RMB 19,952,000 in 2024[4] - The company recorded a net loss per share of RMB (0.1109), compared to earnings per share of RMB 0.0299 in 2024[6] - The total equity attributable to the owners of the parent company decreased to RMB 854,855,000 from RMB 927,895,000 in the previous year[8] - The company reported a pre-tax loss of RMB 73.9 million for the year ended August 31, 2025, compared to a profit of RMB 19.96 million in 2024[21] - Profit before tax decreased by approximately 80.8% to RMB 3.9 million for the year ending August 31, 2025, compared to RMB 20.1 million for the previous year[37] - The company recorded a loss of RMB 73.9 million for the year ending August 31, 2025, compared to a profit of RMB 20.0 million for the previous year[39] Revenue Sources - Tuition revenue rose by RMB 21.3 million or 7.2% from RMB 296.4 million in 2024 to RMB 317.7 million in 2025, attributed to an expanded enrollment[27] - Accommodation fees increased by RMB 0.8 million or 3.0% from RMB 26.5 million in 2024 to RMB 27.3 million in 2025[27] - The company's revenue increased by RMB 22.1 million or 6.9% from RMB 322.9 million in the year ended August 31, 2024, to RMB 345.0 million in the year ended August 31, 2025[27] Expenses and Costs - Administrative expenses rose to RMB 61,353,000, up from RMB 39,358,000 in 2024, indicating increased operational costs[5] - Sales cost increased by RMB 23.5 million or 11.5% to RMB 227.5 million for the year ending August 31, 2025, primarily due to heating costs, maintenance expenses, and student activity costs[29] - Gross profit decreased by RMB 1.3 million or 1.1% to RMB 117.5 million for the year ending August 31, 2025, with gross margin declining from 36.8% to 34.1%[31] - Other income and gains rose to RMB 14.1 million, an increase of RMB 6.2 million from RMB 7.9 million, mainly due to higher government grants and donations[32] - Administrative expenses increased by RMB 22.0 million or 55.9% to RMB 61.4 million, primarily due to tax penalties and professional service costs[35] Assets and Liabilities - The company had total non-current assets of RMB 2,333,306,000 as of August 31, 2025, compared to RMB 2,179,742,000 in 2024[7] - Current liabilities totaled RMB 772,374,000, a decrease from RMB 840,265,000 in the previous year, reflecting improved liquidity management[7] - Trade receivables increased to RMB 1,060 thousand in 2025 from RMB 573 thousand in 2024[23] - Contract liabilities totaled RMB 303.5 million as of August 31, 2025, compared to RMB 299.8 million in 2024[24] - Other payables and accrued expenses rose to RMB 77.2 million in 2025 from RMB 65.7 million in 2024[25] Cash Flow and Financing - The company has bank financing of RMB 726,000,000, with RMB 687,425,000 already drawn down as of August 31, 2025[12] - The cash flow forecast for the next 18 months includes internal operational funds and available credit financing, indicating a focus on maintaining liquidity[12] - Cash and cash equivalents were approximately RMB 275.8 million as of August 31, 2025, down from RMB 345.4 million the previous year[41] - Capital expenditures for the year ending August 31, 2025, were RMB 218.2 million, a decrease from RMB 359.6 million in 2024[44] - The financial leverage ratio increased from 1.3 to 1.5 as of August 31, 2025[47] - The company has unutilized financing of RMB 43.8 million and expects no obstacles in obtaining external financing in the future if needed[43] Enrollment and Student Statistics - The total number of full-time students for the 2024/25 academic year was 11,909, slightly down from 11,941 in the previous year[28] - The number of distance education students grew from 1,213 in 2024 to 2,424 in 2025[28] - The enrollment rate at Heilongjiang University of Commerce is 88.52% for the 2025/2026 academic year, up from 85.32% in the previous year[53] - The average tuition fee for the 2025/2026 academic year is RMB 25,556, a decrease of 0.75% from RMB 25,750 in the previous year[54] - In 2025, the total enrollment reached 4,043 students, with an admission rate of 96.8% for regular programs and a 100% admission rate for the transfer program[59] - The employment placement rate for the 2025 graduating class was 92.72%, with a local employment rate of 44.68%[59] Strategic Initiatives and Future Plans - The company aims to expand its international education strategy and has already attracted students from Morocco and other countries[62] - The company plans to invest in vocational education and establish a group of vocational schools in the Yangtze River Delta and Beijing-Tianjin-Hebei regions[70] - The company is developing a digital lifelong learning system to create a "Future Learning Center" for educational services[70] - The company aims to integrate its strengths with the Belt and Road Initiative to actively develop international student education[70] - The board has approved a new strategic plan focusing on digital transformation to improve operational efficiency[100] - The company is exploring potential acquisitions to diversify its educational offerings, with a budget of 100 million RMB allocated for this purpose[99] Regulatory and Compliance Issues - The implementation of the 2021 Regulations allows private schools to enjoy tax benefits similar to public schools, with non-profit private schools receiving equal tax treatment[72] - Non-profit private schools must reserve at least 10% of their audited annual net asset increase as a development fund, while for-profit schools must reserve 10% of their audited annual net income[73] - The 2021 Regulations impose stricter controls on transactions between private schools and related parties, requiring fair pricing and public disclosure mechanisms[77] - The company may incur significant compliance costs due to the establishment of disclosure mechanisms and government reviews, which could divert management's attention[76] - Future acquisitions may face increased regulatory scrutiny, potentially impacting the company's expansion plans[77] - The company has confirmed compliance with foreign investment control restrictions, ensuring that the principal and board members are Chinese citizens[78] - The foreign investment portion in Sino-foreign cooperative private schools must be less than 50%, with no specific implementation guidelines currently available[79] - The company has not received any significant fines or penalties related to its existing corporate structure or contractual arrangements as of the announcement date[75] - The interpretation of the 2021 Regulations remains uncertain, which could affect the company's operations and financial condition[75] - The company may need to modify or terminate its contractual arrangements if deemed non-compliant with applicable laws, potentially impacting its operational licenses[75] Corporate Governance - The company has established an audit committee composed of three independent non-executive directors to oversee internal controls and risk management[89] - The company has complied with the corporate governance code, except for the separation of the roles of chairman and CEO, which are currently held by the same individual[85] - The company has not reported any significant events occurring after August 31, 2025[83] Shareholder Information - The board of directors does not recommend the payment of a final dividend for the fiscal year ending August 31, 2025[92] - The company maintains a sufficient public float of at least 25% of its issued share capital as required by listing rules[95] - The annual general meeting is scheduled for February 24, 2026, with a record date for shareholder voting eligibility set from February 19 to February 24, 2026[94]

Financial Performance - For the six months ending September 30, 2025, the group's unaudited revenue was approximately HKD 60,007,000, a decrease of about 1.78% compared to HKD 61,094,000 for the same period in 2024[4] - The loss attributable to owners of the company for the six months ending September 30, 2025, was approximately HKD 6,486,000, compared to a loss of HKD 2,425,000 for the same period in 2024[5] - The loss per share from continuing operations for the six months ending September 30, 2025, was approximately HKD 0.25, compared to HKD 0.09 for the same period in 2024[6] - The total comprehensive loss attributable to owners for the six months ending September 30, 2025, was approximately HKD 6,553,000, compared to HKD 2,403,000 for the same period in 2024[6] - The company recorded a consolidated loss before tax of HKD 6,436,000 for the six months ended September 30, 2025, compared to a loss of HKD 1,949,000 in 2024[15] - The company's administrative and operating expenses increased by approximately 60.28% to about HKD 14,646,000, compared to approximately HKD 9,138,000 in the same period of 2024[38] Revenue Breakdown - Revenue from IP automation and entertainment increased significantly to HKD 15,732,000, up 58.5% from HKD 9,907,000 in 2024[13] - The dry bulk shipping and logistics segment generated revenue of HKD 44,275,000, down 13.5% from HKD 51,187,000 in the previous year[15] - The dry bulk shipping and logistics services generated revenue of HKD 44,280,000, a decrease of about 13.50% from HKD 51,190,000 in 2024, primarily due to a decline in international logistics and global economic downturn[35] - The IP automation and entertainment business generated revenue of approximately HKD 15,730,000, an increase of about 58.73% from approximately HKD 9,910,000 in 2024, driven by new store openings in Macau[36] Assets and Liabilities - Non-current assets as of September 30, 2025, amounted to HKD 17,053,000, an increase from HKD 14,893,000 as of March 31, 2025[7] - Current assets as of September 30, 2025, totaled HKD 26,314,000, a decrease from HKD 30,011,000 as of March 31, 2025[8] - Current liabilities as of September 30, 2025, were HKD 49,493,000, an increase from HKD 42,417,000 as of March 31, 2025[8] - The net liabilities as of September 30, 2025, were HKD 8,664,000, compared to HKD 2,311,000 as of March 31, 2025[8] - Total assets as of September 30, 2025, amounted to HKD 43,367,000, a decrease from HKD 52,185,000 as of September 30, 2024[18] - As of September 30, 2025, the company's total assets and net liabilities were approximately HKD 43,367,000 and HKD 8,664,000, respectively[39] Cash Flow - For the six months ended September 30, 2025, the company reported a net cash inflow from operating activities of HKD 331,000, compared to a net outflow of HKD 4,331,000 in the same period of 2024[10] - The company reported a total cash and cash equivalents increase of HKD 758,000, compared to a decrease of HKD 8,354,000 in the same period of 2024[10] - The financing activities generated a net cash inflow of HKD 6,950,000, a significant improvement from a net outflow of HKD 376,000 in 2024[10] Dividend and Shareholder Information - The company does not recommend the payment of an interim dividend for the six months ending September 30, 2025[4] - The company did not recommend any dividend payment for the six months ended September 30, 2025, consistent with the previous year[20] - As of September 30, 2025, key executives hold significant shares in the company, with Ms. Ho holding approximately 15.61% and Ms. Man holding approximately 16.91% of the company's shares[51] - Major shareholders include Mr. Chen Yufeng with 251,462,500 shares (9.62%) and Mr. Zhao Genlong with 200,000,000 shares (7.65%) as of September 30, 2025[52] Employee and Operational Insights - As of September 30, 2025, the group employed 50 full-time employees, 19 part-time employees, and 3 consultants, with total employee benefits expenses amounting to approximately HKD 6,214,000, a decrease from HKD 6,545,000 for the same period in 2024[45] - The group operates two "Ganawawa" stores for IP automation and entertainment, with performance not meeting expectations; a rent reduction agreement has been reached for the store in Lai Chi Kok effective July 2025[46] Future Developments - A large indoor theme park based on the international IP brand Nickelodeon in Macau is in the final stages of renovation, expected to fully open by Q1 2026, which is anticipated to significantly contribute to the group's IP automation and entertainment business[47] - The group is actively seeking opportunities to design, build, and operate themed amusement areas in shopping centers and cultural parks in China, adjusting business strategies to adapt to changing market conditions[48] - A collaboration agreement has been established with a large integrated resort in Macau to host and operate a "Toy Story" pop-up store from April to November 2025, expected to enhance the group's reputation and open new business opportunities[49] Financial Policies and Governance - The company and its subsidiaries did not purchase, redeem, or sell any listed securities during the six months ending September 30, 2025[54] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited interim financial statements for the six months ending September 30, 2025, ensuring compliance with applicable accounting standards[59] - The group has adopted a conservative financial policy, continuously assessing clients' financial conditions to reduce credit risk[43]

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，亦明確表示概不就因本公佈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。 Hong Kong Robotics Group Holding Limited 港仔機器人集團控股有限公司 （於百慕達註冊成立之有限公司） （股份代號：370） 截至二零二五年九月三十日止六個月 中期業績公佈 港仔機器人集團控股有限公司（「本公司」）董事（「董事」）局（「董事局」）謹此公佈本公司及其附 屬公司（「本集團」）截至二零二五年九月三十日止六個月之未經審核簡明綜合業績，連同截至 二零二四年九月三十日止六個月之比較數字。 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） | | | | | （經重列） | | 持續經營業務 | | | | | 收益 | 4 | ...

Financial Performance - For the six months ended September 30, 2025, the group's unaudited revenue was approximately HKD 60,007,000, a decrease of about 1.78% compared to HKD 61,094,000 for the same period in 2024[4] - The loss attributable to owners of the company for the six months ended September 30, 2025, was approximately HKD 6,486,000, compared to a loss of HKD 2,425,000 for the same period in 2024[4] - The loss per share from continuing operations for the six months ended September 30, 2025, was approximately HKD 0.25, compared to HKD 0.09 for the same period in 2024[6] - The total comprehensive loss for the period was HKD 6,553,000, compared to HKD 2,403,000 for the same period in 2024[6] - The company recorded a net loss of HKD 6,486,000 for the six months ended September 30, 2025, compared to a net loss of HKD 2,425,000 in the same period of 2024[16] - The group reported a pre-tax loss of HKD 6,486,000 for the six months ended September 30, 2025, compared to a loss of HKD 2,425,000 for the same period in 2024, indicating a significant increase in losses[27] Revenue Breakdown - The revenue from IP automation and entertainment increased significantly to HKD 15,732,000, up 58.5% from HKD 9,907,000 in 2024[14] - The dry bulk shipping and logistics services revenue decreased to HKD 44,275,000, down 13.5% from HKD 51,187,000 in 2024[14] - Revenue from dry bulk shipping and logistics services decreased by approximately 13.50% to HKD 44,280,000 for the six months ended September 30, 2025, down from HKD 51,190,000 in 2024[38] - The IP automation and entertainment business generated revenue of approximately HKD 15,730,000, representing an increase of about 58.73% compared to HKD 9,910,000 in 2024, driven by new store openings in Macau[39] Assets and Liabilities - Non-current assets increased to HKD 17,053,000 as of September 30, 2025, from HKD 14,893,000 as of March 31, 2025[7] - Current assets decreased to HKD 26,314,000 as of September 30, 2025, from HKD 30,011,000 as of March 31, 2025[8] - Total liabilities increased to HKD 49,493,000 as of September 30, 2025, compared to HKD 42,417,000 as of March 31, 2025[8] - The company's equity attributable to owners was a deficit of HKD 8,864,000 as of September 30, 2025, compared to a deficit of HKD 2,311,000 as of March 31, 2025[8] - The company's total assets as of September 30, 2025, were HKD 43,367,000, a decrease from HKD 52,185,000 as of September 30, 2024[19] - Total liabilities increased to HKD 52,231,000 as of September 30, 2025, compared to HKD 35,216,000 in the previous year[19] Cash Flow and Expenses - Cash flow from operating activities showed a net inflow of HKD 331,000, a significant improvement from a net outflow of HKD 4,331,000 in 2024[11] - The company reported a financing cost of HKD 26,000 for the six months ended September 30, 2025, compared to HKD 7,000 in 2024[20] - The company reported a significant increase in administrative and operating expenses to HKD 14,646,000 for the six months ended September 30, 2025, compared to HKD 9,138,000 for the same period in 2024[5] - Administrative and operating expenses increased by approximately 60.28% to about HKD 14,646,000 compared to approximately HKD 9,138,000 in the same period of 2024[41] - Total employee benefits expenses, including salaries and retirement contributions, were HKD 6,214,000 for the six months ended September 30, 2025, compared to HKD 6,545,000 in 2024[26] Dividends and Shareholder Information - The board does not recommend the payment of an interim dividend for the six months ended September 30, 2025[4] - The group did not declare any dividends for the six months ended September 30, 2025, consistent with the previous year[22] - The average number of issued ordinary shares remained constant at 2,612,959,333 for both periods[27] - As of September 30, 2025, Ms. He Chaoyuan holds 407,890,000 shares, representing approximately 15.61% of the company[54] - Ms. Wen Yingyi holds 441,900,000 shares, representing approximately 16.91% of the company[54] - Mr. Liu Lingde holds 43,937,500 shares, representing approximately 1.78% of the company[54] - Mr. Chen Yufeng holds 251,462,500 shares, representing approximately 9.62% of the company[55] - Mr. Zhao Genlong holds 200,000,000 shares, representing approximately 7.65% of the company[55] Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited interim financial statements for the six months ending September 30, 2025[62] - The company has adopted a code of conduct for securities trading by directors, which complies with GEM Listing Rules[59] - The company has adhered to the corporate governance code as per GEM Listing Rules, with the exception of the chairman's absence at the annual general meeting[60][61] - The company has no knowledge of any interests held by directors or major shareholders in competing businesses[58] Strategic Initiatives - The company plans to continue focusing on expanding its IP automation and entertainment business to drive future growth[12] - The group operates two "Ganawawa" stores, which underperformed during the reporting period, prompting a review of business and marketing strategies[49] - A collaboration agreement has been established with a major integrated resort in Macau for the operation of a pop-up store, expected to enhance the group's reputation and business opportunities[52] - The group is focusing on a cautious light-asset strategy in the logistics service business, particularly in dry bulk shipping and marine freight agency services[49] - The indoor theme park based on the international IP brand Nickelodeon in Macau is in the final stages of renovation, with the first phase opened in July 2025 and full opening expected by Q1 2026[50] - The group is seeking opportunities to design, build, and operate themed amusement areas in shopping centers and entertainment venues in China[51] Tax and Provisions - The group reported a provision for current tax in Hong Kong of HKD 50,476,000 for the period[24] - The group has no significant contingent liabilities as of September 30, 2025, maintaining a stable financial position[33]

Financial Performance - For the six months ended September 30, 2025, total revenue was HKD 11,993,000, an increase of 10.4% from HKD 10,864,000 in the same period of 2024[11] - Gross profit for the same period was HKD 7,905,000, up 33.5% from HKD 5,921,000 year-on-year[11] - The company reported a profit before tax of HKD 26,100,000, compared to a loss of HKD 1,230,000 in the previous year[11] - Net profit attributable to owners of the company was HKD 27,242,000, a significant recovery from a loss of HKD 1,133,000 in the prior period[12] - Basic and diluted earnings per share for the period were HKD 0.097, compared to a loss per share of HKD 0.004 in the same period last year[12] - The company recorded a fair value gain on financial assets of HKD 28,588,000, compared to HKD 718,000 in the previous year[11] - The total comprehensive income for the period was HKD 26,138,000, compared to a total comprehensive loss of HKD 1,573,000 in the same period of 2024[12] - The group recorded a pre-tax profit of HKD 26,100,000 for the six months ended September 30, 2025, compared to a loss of HKD 1,230,000 in 2024[28] - The fair value gain on financial assets recognized in profit or loss was HKD 28,588,000, significantly higher than HKD 718,000 in 2024[28] - The group reported a profit attributable to owners of approximately HKD 27,200,000, a significant turnaround from a loss of HKD 1,100,000 in the same period last year[55] Revenue Breakdown - The asset advisory and valuation services segment generated revenue of HKD 8,897,000, up 28.8% from HKD 6,908,000 in 2024[26] - The financial services segment reported revenue of HKD 2,093,000, a decrease of 15.4% from HKD 2,473,000 in 2024[26] - The group's revenue for the period was approximately HKD 12,000,000, an increase of about 10.1% compared to the same period last year (HKD 10,900,000) due to increased income from asset advisory and valuation services[54] Expenses and Costs - Marketing and administrative expenses increased to HKD 10,695,000 from HKD 7,164,000, reflecting a rise of 49.5%[11] - The total financial costs for the six months ended September 30, 2025, were HKD 1,076,000, slightly lower than HKD 1,095,000 in 2024[27] - The cost of sales decreased by approximately 16.3% to HKD 4,100,000 from HKD 4,900,000 in the same period last year, attributed to cost control measures implemented during the period[54] - Marketing and administrative expenses increased by approximately 48.6% to HKD 10,700,000 from HKD 7,200,000 in the same period last year, primarily due to increased advertising and management costs[54] Assets and Liabilities - As of September 30, 2025, the company's non-current assets totaled HKD 22,180,000, an increase from HKD 3,320,000 as of March 31, 2025[13] - Current assets reached HKD 115,350,000, up from HKD 106,916,000, indicating a growth of approximately 7.5%[13] - The company's net current assets improved to HKD 53,049,000 from HKD 45,771,000, reflecting an increase of about 15.0%[13] - Total liabilities stood at HKD 62,301,000, slightly up from HKD 61,145,000, showing a marginal increase of 1.9%[13] - The net asset value rose significantly to HKD 51,029,000 from HKD 24,891,000, marking a growth of approximately 104.5%[14] - The total accounts receivable as of September 30, 2025, was HKD 60,857,000, compared to HKD 84,169,000 as of March 31, 2025[38] - Trade receivables as of September 30, 2025, totaled HKD 17,467,000, compared to HKD 17,297,000 as of March 31, 2025[36] - The company's non-current portion of loans receivable was HKD 21,586,000 as of September 30, 2025[37] Cash Flow and Liquidity - Cash and cash equivalents decreased to HKD 2,212,000 from HKD 8,926,000, a decline of about 75.7%[16] - The company experienced a net cash outflow from operating activities of HKD 4,748,000, contrasting with a cash inflow of HKD 1,251,000 in the previous year[16] - The group's bank and cash balance was approximately HKD 2,200,000, down from HKD 8,900,000 as of March 31, 2025[81] - The group's net current assets as of September 30, 2025, were approximately HKD 53,000,000, an increase from HKD 45,800,000 as of March 31, 2025[81] - The current ratio as of September 30, 2025, was 1.9, compared to 1.7 as of March 31, 2025[81] - Total borrowings, including loans and promissory notes, were approximately HKD 37,100,000 as of September 30, 2025, slightly down from HKD 37,900,000 as of March 31, 2025[81] - The net debt-to-equity ratio as of September 30, 2025, was 0.7, improved from 1.2 as of March 31, 2025[81] Corporate Governance and Compliance - The company did not adopt any new accounting standards that would significantly impact its financial performance or position during the current or prior periods[19] - The group did not declare any dividends for the period, consistent with the previous year[31] - The company has adopted rules for directors' securities trading in compliance with GEM Listing Rules[97] - The company has complied with the GEM Listing Rules corporate governance code, except for the separation of roles between the chairman and the CEO[103] - The board believes that having the same person serve as both chairman and CEO strengthens leadership and allows for effective business decision-making[103] - The audit committee has reviewed the unaudited condensed consolidated results and confirmed compliance with applicable accounting standards and GEM Listing Rules[105] Employee and Management Information - The total employee cost for the period was approximately HKD 3,100,000, compared to HKD 5,700,000 for the six months ending September 30, 2024[85] - The group employed 21 staff members as of September 30, 2025, down from 22 as of March 31, 2025[85] - The short-term employee benefits for directors and key management personnel increased to HKD 1,002,000 for the six months ended September 30, 2025, from HKD 822,000 in the previous period[43] Shareholder Information - As of September 30, 2025, the total number of shares issued is 279,812,344[90] - Mr. Ye Guoguang holds 3,108,500 shares, representing 1.11% of the issued shares[87] - Laberie Holdings Limited and Caixin Media Group Limited each hold 56,000,000 shares, accounting for 20.01% of the issued shares[89] - Ms. Ru Xiaoge and Mr. Liu Shengnan each hold 46,637,200 shares, representing 16.67% of the issued shares[89] - Huatai Securities Co., Ltd. holds 50,508,421 shares, which is 18.05% of the issued shares[89] - The total number of stock options available for grant under the new plan is 27,981,234 shares, approximately 10% of the issued shares[96] - No stock options were granted, exercised, canceled, or expired during the reporting period[94] - The company did not repurchase any shares listed on GEM during the reporting period[100] - Mr. Ye Guoguang waived a director's fee of HKD 90,000 for the period[101] Risk Management and Strategy - The group maintains a conservative treasury policy to manage liquidity risks and ensure sufficient cash reserves for operational needs[82] - The company has adopted expected credit loss provisions in accordance with HKFRS 9, assessing impairment based on macroeconomic conditions and borrower creditworthiness[53] - The investment strategy focuses on maintaining a diversified portfolio to optimize the use of idle funds and achieve stable returns within acceptable risk levels[68] - The group anticipates stable demand for asset advisory and corporate consulting services in the Greater China region, driven by companies expanding their operations and increasing complexity[57] - The group plans to actively adjust its business strategies in response to changes in the media advertising industry due to frozen marketing expenditures[57]