Recruitment and Training - The company reported a total of 799 recruitment events, attracting 5,346 enterprises and providing over 306,000 job positions, with 181,000 offline and 125,000 online[11] - The company established 52 new professional training rooms covering cutting-edge fields such as robotics and e-commerce live streaming, and upgraded 74 training rooms[11] - The number of newly established professional programs increased by 32, focusing on industry frontiers like artificial intelligence and big data analysis, while 20 programs were discontinued due to insufficient market demand[9] - The average employment placement rate for graduates improved steadily compared to the previous year, with a 90% pass rate for students in employment guidance training[11] - The company hosted 127 employment guidance training sessions and 408 career planning lectures to support student career development[11] Research and Publications - The company achieved a 63.33% year-on-year increase in newly initiated research projects, totaling 1,068 projects, with provincial-level projects increasing by 16.4%[10] - The company’s overseas institutions published 2,021 papers in international journals, enhancing their research influence[10] International Education and Collaboration - The company’s international education influence expanded, with institutions like INTI International University ranking 509th in the 2026 QS World University Rankings[6] - The company has made significant progress in international education, with the QS World University Rankings placing Malaysia's INTI International University at 509 globally and 122 in Asia for 2026[12] - The company is actively promoting collaboration between domestic and foreign educational institutions, enhancing its competitiveness in the global higher education sector[12] Financial Performance - For the fiscal year ending August 31, 2025, the group's revenue was RMB 3,960.34 million, an increase of RMB 228.27 million or 6.12% compared to RMB 3,732.07 million in the previous year, primarily due to increased tuition fees for students in domestic and overseas institutions[23] - The group's gross profit for the fiscal year ending August 31, 2025, was RMB 1,667.80 million, an increase of RMB 94.23 million or 5.99% from RMB 1,573.57 million in the previous year[25] - The group's net profit for the fiscal year ending August 31, 2025, was RMB 386.68 million, a decrease of RMB 226.41 million or 36.93% from RMB 613.09 million in the previous year[30] - The group's financing costs decreased to RMB 225.68 million for the fiscal year ending August 31, 2025, down RMB 63.73 million or 22.02% from RMB 289.41 million in the previous year, mainly due to a reduction in loan scale and optimization of loan structure[28] - The group's cash and bank balances totaled RMB 3,291.59 million as of August 31, 2025, compared to RMB 3,100.75 million as of August 31, 2024, with cash and cash equivalents at RMB 2,647.54 million[32] Debt and Equity Management - The group's current ratio improved to 0.69 as of August 31, 2025, compared to 0.43 as of August 31, 2024, indicating better short-term financial health[34] - The net debt-to-equity ratio improved from 1.5% as of August 31, 2024, to -4.9% as of August 31, 2025, due to higher cash and cash equivalents compared to interest-bearing bank and other borrowings[36] - The group's total liabilities to equity ratio was approximately 29.5% as of August 31, 2025, down from 35.4% as of August 31, 2024, reflecting a decrease in leverage[37] Operational Expenses and Investments - The group's selling expenses increased to RMB 327.35 million for the fiscal year ending August 31, 2025, up RMB 85.50 million or 35.35% from RMB 241.85 million in the previous year, primarily due to efforts to expand enrollment channels[26] - The company has signed an agreement to sell 100% equity of Shanghai Pumeng Zhichuan Education Technology Co., Ltd. to Guilin Punoji Electronics Co., Ltd.[18] - The company has no significant investments or acquisitions planned beyond those disclosed in the announcement[39] Shareholder Actions - The company announced the repurchase of convertible bonds totaling $78.7 million, representing approximately 22.49% of the original issuance[15] - The company plans to issue 685,414,558 rights shares at a subscription price of HKD 0.2 per share, based on a ratio of one rights share for every twelve shares held[15] - The net proceeds from the rights issue amounted to approximately HKD 87.4 million after deducting all related expenses[41] Assets and Liabilities - Total non-current assets decreased from RMB 18,262,345 thousand in 2024 to RMB 15,906,432 thousand in 2025, a decline of approximately 12.9%[51] - Goodwill decreased significantly from RMB 2,051,684 thousand in 2024 to RMB 1,361,409 thousand in 2025, representing a reduction of about 33.6%[51] - Total current assets increased from RMB 4,019,166 thousand in 2024 to RMB 6,090,772 thousand in 2025, an increase of approximately 51.5%[51] - Total liabilities decreased from RMB 13,127,021 thousand in 2024 to RMB 12,415,062 thousand in 2025, a decrease of approximately 5.4%[52] - Total equity increased from RMB 9,154,490 thousand in 2024 to RMB 9,582,142 thousand in 2025, an increase of approximately 4.7%[52] Cash Flow and Financing Activities - Cash generated from operating activities was RMB 1,492,370,000, down from RMB 1,579,412,000 in the previous year, indicating a decline of approximately 5.5%[55] - The net cash flow from investing activities was negative at RMB 926,480,000, slightly improved from a negative RMB 972,453,000 in 2024[56] - The company raised RMB 1,493,895,000 from bank and other borrowings, while repaying RMB 1,694,212,000, resulting in a net cash outflow from financing activities of RMB 97,381,000[57] Future Outlook - The company plans to continue providing educational services to students, which is expected to generate operational cash inflows[59] - The company is actively seeking alternative financing and loans to meet existing financial obligations and future capital expenditures[59] - The company plans to continue its market expansion and product development strategies to enhance future growth prospects[62]

Revenue Performance - For the six months ending September 30, 2025, the group's revenue was approximately HKD 5.1 million, a decrease of about 26.2% compared to HKD 6.9 million for the same period in 2024[15]. - The group reported a net loss attributable to equity holders of HKD 354,000 for the six months ended September 30, 2025, compared to a loss of HKD 1,852,000 for the same period in 2024[58]. - The group recorded a loss of approximately HKD 0.1 million for the six months ended September 30, 2025, compared to a loss of approximately HKD 1.4 million for the same period in 2024, with the reduction in loss primarily attributed to the increase in other income[25]. - The group incurred a loss before tax of HKD 21,000, compared to a loss of HKD 1,327,000 in the previous year[41]. - The group reported a pre-tax loss of HKD 4,383,000 due to foreign exchange gains, compared to a loss of HKD 1,897,000 in 2024[54]. Income Sources - Commission income from arranging students to study in the UK decreased to approximately HKD 2.1 million (2024: HKD 3.4 million), accounting for 40.4% of total revenue (2024: 48.7%) due to a reduction in the number of students moving to the UK[16]. - Commission income from arranging students to study in Australia was approximately HKD 2.2 million (2024: HKD 2.3 million), accounting for 43.1% of total revenue (2024: 33.3%), with a slight decline attributed to fewer successful arrangements compared to the previous year[17]. - Commission income from Canada and the US decreased to approximately HKD 0.6 million (2024: HKD 1.0 million), accounting for 11.1% of total revenue (2024: 14.6%), due to government policies affecting the number of international students[18]. - Other income increased to approximately HKD 5.8 million (2024: HKD 3.9 million), primarily due to net foreign exchange gains of about HKD 4.4 million (2024: HKD 1.9 million) for the six months ended September 30, 2025[19]. - Other income for the same period was HKD 5,774,000, an increase of 46.9% from HKD 3,931,000 in 2024[52]. Cost Management - Marketing costs decreased to approximately HKD 1.1 million (2024: HKD 1.4 million), reflecting the group's ongoing shift to more cost-effective digital marketing strategies[20]. - Employee benefits expenses reduced to approximately HKD 4.1 million (2024: HKD 6.3 million), mainly due to the reallocation of staff from the Hong Kong office to Malaysia and Taiwan[22]. - The company’s management compensation decreased to HKD 1,434,000 for the six months ended September 30, 2025, from HKD 1,875,000 in the prior year[66]. Strategic Initiatives - The group is focusing on enhancing brand awareness through digital marketing channels, targeting regions outside Hong Kong to attract a broader audience of students and parents[9]. - The group is developing an online service system to expedite the processing of inquiries and admissions applications, aiming to provide direct and immediate support to potential students and their families[9]. - The group is exploring the feasibility of developing education-related or auxiliary businesses, such as tutoring courses, to create new revenue streams[9]. - The group is actively seeking qualified consultants and strategic partners to enhance the quality and coverage of overseas education services[9]. - The board is committed to maintaining the group's competitiveness and improving service quality to achieve growth in a challenging business environment[10]. Financial Position - Cash and bank balances totaled approximately HKD 43.5 million as of September 30, 2025 (March 31, 2025: HKD 35.7 million), with the increase mainly due to improved operating cash flow[26]. - The total assets less current liabilities amounted to HKD 47,231,000, down from HKD 48,773,000 as of March 31, 2025[42]. - The group’s total equity decreased to HKD 47,114,000 from HKD 47,962,000 as of March 31, 2025[42]. - Trade receivables increased to HKD 3,780,000 as of September 30, 2025, up from HKD 3,672,000 as of March 31, 2025[61]. - Total liabilities for accrued expenses and other payables decreased to HKD 3,390,000 as of September 30, 2025, from HKD 3,735,000 as of March 31, 2025[63]. Shareholder Information - As of September 30, 2025, the major shareholder, Hong Yong, holds 892,710,000 shares, representing 51% of the total shares[74]. - Ms. Yin Xiaopei, as the spouse of Mr. Zhong, is also considered to hold 51% of the shares through her spouse[74]. - Song Wenxia holds 420,030,000 shares, accounting for 24% of the total shares[74]. - The number of issued and fully paid ordinary shares remained at 1,750,400,000 as of both September 30, 2025, and March 31, 2025[64]. Corporate Governance - The company confirmed compliance with the GEM Listing Rules regarding corporate governance throughout the reporting period[69]. - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[79]. - The audit committee has reviewed the unaudited financial statements for the six months ending September 30, 2025, confirming compliance with applicable accounting standards[79]. - No major shareholders or directors have interests in any competing businesses as of September 30, 2025[76]. Miscellaneous - The group did not recommend an interim dividend for the six months ended September 30, 2025, consistent with the previous year[57]. - The company did not declare an interim dividend for the six months ended September 30, 2025, consistent with the previous year[67]. - The company did not acquire any property, plant, or equipment during the six months ended September 30, 2025, compared to an acquisition of approximately HKD 10,000 in the previous year[59]. - The company applied new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on financial performance or disclosures[48]. - No stock options have been granted, exercised, or canceled from the adoption date of the stock option plan until September 30, 2025[78]. - The stock option plan allows for a maximum of 10% of issued shares to be granted without prior shareholder approval[78]. - The company aims to attract and retain talented employees through its stock option plan, which is valid for ten years from the adoption date[77].

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 9,271,000, a decrease of 87.8% compared to HKD 76,124,000 for the same period in 2024[3] - Gross profit for the same period was HKD 3,967,000, down 35.8% from HKD 6,182,000 year-over-year[3] - Operating loss increased to HKD 14,904,000, compared to a loss of HKD 13,759,000 in the previous year, reflecting a year-over-year increase of 8.3%[3] - The company reported a net loss of HKD 14,947,000 for the six months, slightly improved from a loss of HKD 14,948,000 in the prior year[4] - Total revenue for the six months ended September 30, 2025, was HKD 9,271,000, compared to HKD 76,124,000 for the same period in 2024, representing a significant decline[18] - The adjusted EBIT for the reporting segments showed a loss of HKD 12,768,000 for the six months ended September 30, 2025, compared to a loss of HKD 7,685,000 for the same period in 2024[15][16] Revenue Breakdown - Revenue from the "Smartphone Distribution" segment was HKD 45,000 for the six months ended September 30, 2025, significantly lower than HKD 59,691,000 for the same period in 2024[15][16] - The "Building Intelligence" segment reported revenue of HKD 841,000 for the six months ended September 30, 2025, down from HKD 861,000 in the previous year[15][16] - The "Control Systems" segment generated revenue of HKD 8,385,000 for the six months ended September 30, 2025, compared to HKD 15,560,000 for the same period in 2024[15][16] - Revenue from smartphone distribution was HKD 45,000 for the six months ended September 30, 2025, down from HKD 59,691,000 in 2024[18] - Revenue from control systems decreased to HKD 8,385,000 in 2025 from HKD 15,560,000 in 2024, indicating a decline of approximately 46%[18] - Revenue from the Hong Kong market was HKD 45,000 in 2025, a decrease from HKD 49,991,000 in 2024[20] - Revenue from China was HKD 9,226,000 for the six months ended September 30, 2025, down from HKD 16,421,000 in 2024, reflecting a decline of about 44%[20] Expenses and Costs - Research and development expenses were HKD 1,090,000, down 25.2% from HKD 1,459,000 in the same period last year[3] - Employee costs, including director remuneration, totaled HKD 7,836,000 for the six months ended September 30, 2025, down from HKD 9,536,000 in 2024, a decrease of approximately 18%[23] - The sales and distribution expenses increased by approximately HKD 37,000 or 25.9% to about HKD 180,000 due to higher marketing expenditures[61] - Research and development expenses decreased by approximately HKD 0.4 million or 26.7% to about HKD 1.1 million as the group implemented cost control measures[63] Assets and Liabilities - Total assets decreased to HKD 125,828,000 from HKD 147,341,000, representing a decline of 14.5%[6] - Current liabilities decreased from HKD 113,728,000 to HKD 73,222,000, a reduction of 35.6%[6] - The company's cash and cash equivalents dropped to HKD 3,669,000 from HKD 11,030,000, a decrease of 66.7%[6] - The company’s total equity decreased to HKD 100,822,000 from HKD 107,716,000, a decline of 6.5%[7] - The total assets for the group as of September 30, 2025, were HKD 174,192,000, down from HKD 221,444,000 as of March 31, 2025[17] - The total liabilities for the group as of September 30, 2025, were HKD 73,370,000, compared to HKD 113,728,000 as of March 31, 2025[17] Shareholder Information - Basic and diluted loss per share improved to HKD 2.76 from HKD 3.65 year-over-year[4] - Basic loss per share for the six months ended September 30, 2025, was approximately HKD 12,374,000, compared to HKD 13,319,000 for the same period in 2024[29] - The average number of ordinary shares used for calculating basic and diluted loss per share was 448,742,000 for the six months ended September 30, 2025[30] - The company did not declare or propose any dividends for the six months ended September 30, 2025, consistent with the previous period[28] - No interim dividend has been declared for the six months ending September 30, 2025, compared to no dividend for the same period in 2024[80] Corporate Governance and Compliance - The company has adopted the Corporate Governance Code and believes it has complied with all applicable code provisions, except for certain provisions regarding the roles of the chairman and CEO, which have been vacant since January 3, 2020, and March 18, 2025, respectively[82][83] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2025, and confirmed compliance with applicable accounting standards[87] Future Outlook - The company continues to adopt the going concern basis in preparing its financial statements, anticipating sufficient resources to continue operations in the foreseeable future[12] - The group plans to relocate its production base to Australia to serve the Australian and Western markets, aiming to revitalize its building intelligence business[54] - The group will continue to explore new business and investment opportunities to expand or diversify its operations for long-term benefits[55]

Business Overview - The group is a major overseas education consultancy provider in Hong Kong, primarily offering services to local students aiming to study in the UK, Australia, Canada, and the USA [13]. - The company operates as a single operating segment focused on providing overseas education consulting services, with no separate segment reporting [54]. Revenue and Income - For the six months ended September 30, 2025, the main revenue source continues to be commission income from arranging students to study in the UK and Australia [13]. - Revenue for the six months ended September 30, 2025, was approximately HKD 5.1 million, a decrease of about 26.2% compared to HKD 6.9 million for the same period in 2024 [20]. - Commission income from arranging students to study in the UK decreased to approximately HKD 2.1 million, accounting for 40.4% of total revenue, down from 48.7% in 2024 [21]. - Commission income from arranging students to study in Australia was approximately HKD 2.2 million, representing 43.1% of total revenue, slightly down from 33.3% in 2024 [22]. - Commission income from Canada and the US decreased to approximately HKD 0.6 million, accounting for 11.1% of total revenue, down from 14.6% in 2024 [23]. - Other income increased to approximately HKD 5.8 million, primarily due to net foreign exchange gains of about HKD 4.4 million [24]. - Revenue from overseas education consulting services for the six months ended September 30, 2025, was HKD 5,106,000, a decrease from HKD 6,915,000 in the same period of 2024, representing a decline of approximately 26% [56]. Expenses and Costs - Marketing costs decreased to approximately HKD 1.1 million, reflecting a shift to more cost-effective digital marketing strategies [25]. - Employee costs reduced to approximately HKD 4.1 million, down from HKD 6.3 million in 2024, due to staff reallocation [27]. - The company reported a significant increase in foreign exchange gains, which amounted to HKD 4,383,000 for the six months ended September 30, 2025, compared to HKD 1,897,000 in 2024 [57]. - Financing costs for lease liabilities increased to HKD 71,000 in 2025 from HKD 57,000 in 2024, while bank interest expenses were HKD 62,000 in 2025 [58]. Financial Performance - The group recorded a loss of approximately HKD 0.1 million for the six months ended September 30, 2025, a decrease from a loss of HKD 1.4 million in 2024 [30]. - The company reported a loss before tax of HKD 21, significantly improved from a loss of HKD 1,327 in the prior year [46]. - The total comprehensive loss for the period was HKD 340, compared to HKD 1,229 in the previous year, indicating a reduction in losses [46]. - For the six months ended September 30, 2025, the company reported a net loss of HKD 1,852,000, compared to a net loss of HKD 1,424,000 for the same period in 2024 [48]. Cash Flow and Assets - As of September 30, 2025, the group's cash and bank balances totaled approximately HKD 43.5 million, an increase from HKD 35.7 million as of March 31, 2025 [31]. - Cash and cash equivalents increased to HKD 43.561 million from HKD 35.746 million as of March 31, 2025 [47]. - The company generated a net cash inflow from investing activities of HKD 5,622,000 for the six months ended September 30, 2025, compared to HKD 6,227,000 for the same period in 2024 [49]. - The company’s total assets less current liabilities stood at HKD 47.231 million as of September 30, 2025, down from HKD 48.773 million as of March 31, 2025 [47]. Strategic Initiatives - The company is investing resources in digital marketing channels to enhance brand awareness and attract a broader range of students and parents beyond Hong Kong [14]. - A new online service system is being developed to expedite the processing of inquiries and admissions applications, providing direct and immediate support to potential students and their families [14]. - The company is exploring the feasibility of developing supplementary education-related businesses, such as tutoring courses, to help students improve academic performance and exam skills [14]. - The company aims to maintain competitiveness and improve service quality in a challenging business environment by seeking qualified consultants and strategic partners [14]. - The company recognizes the current market conditions as an appropriate time to develop auxiliary businesses due to the decreasing number of eligible students and intense competition in overseas education consultancy services [14]. Shareholder Information - Mr. Zhong holds 892,710,000 shares, representing 51% of the company, through a controlled corporation [77]. - Major shareholders include Mr. Zhong and Ms. Yin, each holding 51% of the shares, while Song Wenxia holds 24% [79]. - No major shareholders or directors have interests in any competing businesses as of the report date [81]. Corporate Governance - The company confirms compliance with all applicable corporate governance codes as per GEM listing rules [74]. - The company has adopted the GEM listing rules regarding the code of conduct for securities trading by directors, with full compliance confirmed by all directors [75]. - The audit committee has been established in accordance with GEM Listing Rules and consists of three independent non-executive directors [84]. - The audit committee aims to provide independent review and oversight of financial reporting and internal controls [84]. Dividends and Share Options - The company did not recommend an interim dividend for the six months ended September 30, 2025, consistent with the previous year [62]. - No interim dividend is recommended for the six months ending September 30, 2025, consistent with the previous period [72]. - The company has a share option scheme in place to attract and retain talent, with specific terms outlined [82]. - No share options have been granted, exercised, or canceled since the adoption of the share option scheme [83].

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，概不就因本公佈之全部或任何部份內 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。 CHINLINK INTERNATIONAL HOLDINGS LIMITED 普匯中金國 際 控 股 有 限 公 司* （於百慕達註冊成立之有限公司） （股份代號：0997） 截至二零二五年九月三十日止六個月 之中期業績公佈 普匯中金國際控股有限公司（「本公司」或「普匯中金」）董事（「董事」）會（「董事會」）謹此 宣佈本公司及其附屬公司（統稱為「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財務報表連同二零二四年同期（「去年同期」）之未經審核比 較數字如下：－ 未經審核簡明綜合損益及其他全面收益表 截至二零二五年九月三十日止六個月 截至九月三十日止六個月 | | | 二零二五年 | 二零二四年 | | --- | --- | --- | --- | | | 附註 | 千港元 | 千港元 | | | | （未經審核） | （未經審核） | | 收入 | 3A | | ...

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 29 million, an increase of 26.1% compared to HKD 23 million for the same period in 2024[3]. - The company achieved a profit from continuing operations of HKD 386 million, compared to a loss of HKD 114 million in the previous year, indicating a significant turnaround[4]. - Total comprehensive income for the period was HKD 313 million, a recovery from a loss of HKD 173 million in the same period last year[4]. - The basic earnings per share from continuing operations was HKD 5.27, compared to a loss per share of HKD 1.59 in the previous year[5]. - The group’s total income for the six months ended September 30, 2025, was HKD 465 million, compared to a loss of HKD 3 million in the same period last year[19]. - Basic and diluted earnings per share for the period were HKD 5.27, compared to a loss of HKD (1.91) in the previous year[27]. Expenses and Costs - The company reported administrative expenses of HKD 55 million, which increased from HKD 23 million in the previous year, reflecting higher operational costs[3]. - The financing costs decreased to HKD 41 million from HKD 57 million, showing improved financial management[3]. - The group reported other income of HKD 5 million for the six months ended September 30, 2025, compared to HKD 8 million in the previous year, indicating a decrease of 37.5%[19]. - The group incurred interest expenses of HKD 41 million for the six months ended September 30, 2025, down from HKD 57 million in the same period last year, reflecting a reduction of approximately 28.1%[20]. - Administrative expenses increased to approximately HKD 55 million from HKD 23 million in the previous year, largely due to legal and professional fees related to refinancing[41]. Assets and Liabilities - As of September 30, 2025, total assets amounted to HKD 1,722 million, a decrease from HKD 3,243 million as of March 31, 2025[6]. - Total liabilities were HKD 1,352 million, compared to HKD 2,499 million previously[7]. - Current liabilities totaled HKD 229 million, a significant reduction from HKD 1,906 million[7]. - The company's net assets decreased to HKD 370 million from HKD 744 million[7]. - The total equity attributable to owners of the company was HKD 370 million, down from HKD 744 million[7]. - As of September 30, 2025, the group had current assets of approximately HKD 453 million and current liabilities of approximately HKD 229 million[44]. Market Strategy and Operations - The company plans to expand its market presence and invest in new technologies to drive future growth[2]. - The company is focusing on enhancing its product offerings and exploring potential mergers and acquisitions to strengthen its market position[2]. - The company completed the sale of its subsidiary, resulting in a fundamental change in its business model and strategy, now focusing on property leasing[34]. - The core business is centered around high-quality commercial properties in central London, which are leased to reputable international companies[35]. - The company is optimistic about the UK property market recovery and plans to upgrade properties to enhance tenant experience and market value[60]. - Most tenants have expressed willingness to renew leases at potentially higher rental levels, ensuring stable long-term revenue sources[61]. Shareholder and Governance - The company did not recommend the payment of an interim dividend for the six months ended May 12, 2025, and September 30, 2024[25]. - The company did not declare an interim dividend for the period, consistent with the previous year[50]. - The board of directors includes two executive directors, one non-executive director, and three independent non-executive directors[69]. - The company has adhered to corporate governance principles and standards throughout the reporting period[62]. Financial Reporting and Compliance - The financial statements are unaudited and presented in Hong Kong dollars (HKD)[10]. - The group did not apply any new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective, and is currently assessing their potential impact[12]. - The group’s financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards and the relevant disclosure requirements of the Listing Rules[12]. - The mid-term performance announcement will be published on the Hong Kong Stock Exchange website and the company's website[68]. - The mid-term report will be sent to shareholders and published on the Hong Kong Stock Exchange and the company's website at the appropriate time[68]. Employee and Operational Changes - The company had 41 employees as of September 30, 2025, a decrease from 146 employees as of March 31, 2025[53].

Financial Performance - The group recorded revenue of approximately HKD 269,402,000 for the six months ended September 30, 2025, representing an increase of 8.2% compared to HKD 248,366,000 for the same period in 2024[2] - Gross profit for the six months ended September 30, 2025, was approximately HKD 37,364,000, with a gross margin of 13.9%, down from a gross profit of HKD 36,676,000 and a margin of 14.8% in the previous year[2] - Profit attributable to owners of the company for the six months ended September 30, 2025, was approximately HKD 19,174,000, an increase of 17.4% from HKD 16,312,000 for the same period in 2024[2] - The group reported a pre-tax profit of HKD 21,851,000 for the six months ended September 30, 2025, compared to HKD 19,360,000 for the same period in 2024, reflecting a growth of 12.8%[3] - Total comprehensive income for the six months ended September 30, 2025, was HKD 28,532,000, compared to HKD 16,114,000 for the same period in 2024, indicating a significant increase[4] - The basic earnings per share for the six months ended September 30, 2025, was HKD 2.4, compared to HKD 2.0 for the same period in 2024, representing a growth of 20%[4] Dividends and Shareholder Returns - The board declared an interim dividend of HKD 0.5 per share for the six months ended September 30, 2025, compared to HKD 0.6 per share for the same period in 2024[2] - The interim dividend declared is HKD 0.5 per share, amounting to approximately HKD 4,129,000, compared to HKD 4,865,000 in the same period last year[42] Assets and Liabilities - Non-current assets totaled HKD 84,625,000 as of September 30, 2025, compared to HKD 78,533,000 as of March 31, 2025, reflecting a growth of 7.3%[5] - Current assets increased to HKD 519,429,000 as of September 30, 2025, up from HKD 509,812,000 as of March 31, 2025, indicating a rise of 1.2%[5] - The company's net asset value reached HKD 469,985,000 as of September 30, 2025, compared to HKD 451,132,000 as of March 31, 2025, representing an increase of 4.2%[6] - The company’s total liabilities decreased to HKD 133,270,000 as of September 30, 2025, from HKD 135,559,000 as of March 31, 2025, a decline of 1.7%[6] Operational Highlights - The company provided electromechanical engineering services, generating HKD 264,096,000 in revenue for the six months ended September 30, 2025, compared to HKD 248,366,000 in the prior year[10] - The group maintained a stable contract amount of approximately HKD 1 billion during the reporting period, focusing on both public and private sector projects[34] - The group secured 8 new projects during the period, with a total contract value of approximately HKD 255,926,000, and remains confident in future business development prospects[47] Cost Management - Administrative expenses decreased to HKD 17,042,000 for the six months ended September 30, 2025, from HKD 18,047,000 in the same period of 2024, showing a reduction of 5.6%[3] - The group reported a financial cost of HKD 344,000 for the six months ended September 30, 2025, down from HKD 551,000 in the previous year, reflecting a decrease of 37.6%[3] - Income tax expenses decreased by approximately HKD 820,000 or 25.3% to about HKD 2,426,000, primarily due to the utilization of tax losses during the period[40] Strategic Initiatives - The group strategically expanded into the building materials trading sector, focusing on steel products, to diversify revenue sources and reduce operational risks[30] - The group is actively investing in innovative technologies and supporting academic research and development, including establishing a joint laboratory with Hong Kong Polytechnic University[31] - The company is collaborating with local universities to promote joint research and development projects, including a donation of HKD 6,000,000 to establish a joint laboratory focused on smart city innovation[50] Employee and Governance - The group employed 229 employees as of September 30, 2025, an increase from 205 employees a year earlier, with total employee costs amounting to approximately HKD 50,353,000[70] - The board is committed to high corporate governance standards to enhance operational efficiency and shareholder returns[77] - The company has a total of six directors, including three independent non-executive directors, ensuring a balance of power within the board[78] Future Outlook - The Hong Kong government is accelerating the development of the Northern Metropolis, positioning it as a strategic growth engine, which may present further opportunities for the group[48] - The company is actively participating in the construction of the Northern Metropolis, which will provide over 500,000 residential units and 2 million square meters of commercial space[49]

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 37,641,000, an increase from HKD 32,207,000 in the same period of 2024, representing a growth of approximately 16.9%[7] - Gross profit for the same period was HKD 10,324,000, down from HKD 14,348,000 in 2024, indicating a decline of about 28.2%[7] - The company reported a net loss of HKD 5,146,000 for the six months ended September 30, 2025, compared to a net loss of HKD 3,470,000 in 2024, reflecting an increase in losses of approximately 48.3%[8] - Operating expenses for the period were HKD 11,447,000, a decrease from HKD 13,951,000 in 2024, showing a reduction of about 18.0%[7] - The company incurred a loss before tax of HKD 5,109,000, compared to a loss of HKD 3,470,000 in the previous year, indicating a worsening of approximately 47.2%[8] - The basic loss per share for the period was HKD 0.63, compared to HKD 0.43 in 2024, representing an increase of about 46.5%[8] - The total comprehensive loss for the period was HKD 5,149,000, compared to HKD 3,449,000 in 2024, reflecting an increase of approximately 49.2%[8] - The company’s total comprehensive income for the period was a loss of HKD 5,149,000, reflecting ongoing challenges in the market[11] Assets and Liabilities - Total assets as of September 30, 2025, amounted to HKD 51,182,000, compared to HKD 46,673,000 as of March 31, 2025, reflecting an increase of approximately 9.8%[9] - Current assets increased from HKD 46,673,000 to HKD 51,182,000, with cash and cash equivalents rising from HKD 4,201,000 to HKD 5,900,000, a growth of 40.4%[9] - Total liabilities decreased from HKD 31,001,000 to HKD 22,486,000, indicating a reduction of approximately 27.5%[9] - The net asset value as of September 30, 2025, was HKD 20,458,000, down from HKD 24,456,000, representing a decline of 16.3%[9] - The company reported a total equity of HKD 15,117,000 as of September 30, 2025, compared to HKD 20,266,000 as of March 31, 2025, a decrease of 25.3%[10] - The company’s total liabilities and equity decreased from HKD 31,001,000 to HKD 22,486,000, reflecting a significant reduction in financial obligations[9] Cash Flow - The company reported a net cash flow from operating activities of HKD 1,098,000 for the six months ending September 30, 2025, compared to a negative cash flow of HKD (2,352,000) in the previous period, showing a turnaround in operational cash flow[12] - The company’s total cash flow from financing activities was HKD 3,766,000, reflecting its financing strategy during the reporting period[12] - The company’s cash and cash equivalents at the end of the period were HKD 3,690,000, down from HKD 4,201,000 at the beginning of the period, reflecting a decrease of approximately 12.1%[12] Revenue Breakdown - Revenue from the sale of biometric identification devices and related services was HKD 15,140 thousand, while revenue from providing solutions and other services was HKD 11,915 thousand and from digital solution services was HKD 10,586 thousand[49] - The revenue from sales of specialized security products and related services was HKD 15,140 million for the six months ended September 30, 2025, down from HKD 22,363 million in 2024, a decrease of approximately 32.5%[25] - The company provided data solution services generating revenue of HKD 10,586 million for the six months ended September 30, 2025, with no revenue reported for the same period in 2024[25] Taxation - The company reported a tax provision of HKD 37 million for the six months ended September 30, 2025, with no tax provision reported for the same period in 2024[27] - The company is subject to a two-tier profit tax system in Hong Kong, with a tax rate of 8.25% on the first HKD 2 million of estimated taxable profits and 16.5% on profits exceeding that amount[28] Employee and Management - Employee costs for the six months ended September 30, 2025, were approximately HKD 15.1 million, a slight increase from HKD 14.8 million in the same period of 2024[54] - The group had a total of 87 employees, with employee costs amounting to approximately HKD 15.1 million, a slight increase from HKD 14.8 million for the same period in 2024[66] - The group’s employee compensation policy aligns with current market practices, determined by individual performance, qualifications, and experience[66] Corporate Governance - The board of directors emphasizes high standards of corporate governance to enhance public accountability and protect shareholder interests[69] - The roles of the Chairman and CEO are currently held by the same individual, Mr. Wang Yicheng, since May 13, 2024, due to the group's manageable size and stable operations[70] - The company has established an audit committee consisting of three independent non-executive directors[81] Strategic Initiatives - The company is focusing on enhancing its operational efficiency and exploring new market opportunities to drive future growth[6] - The group plans to allocate resources to develop non-contact biometric identification devices and AIoT, responding to the market trend of increasing public health awareness[50] - The stock option plan, adopted on January 18, 2018, aims to attract, retain, and motivate talented participants for the group's future development and expansion[41]

Financial Performance - Revenue for the year ended August 31, 2025, was RMB 3,588,901, an increase of RMB 268,003 or 8.1% compared to the previous year[3] - Gross profit for the same period was RMB 1,213,533, reflecting an increase of RMB 94,564 or 8.5% year-over-year[3] - Net profit for the year was RMB 648,130, up by RMB 91,968 or 16.5% from the previous year[3] - Adjusted net profit was RMB 617,588, an increase of RMB 40,174 or 7.0% compared to the prior year[4] - Basic earnings per share rose to RMB 0.3225, an increase of RMB 0.0474 or 17.2% year-over-year[3] - The total dividend per share increased to RMB 0.0968, up by RMB 0.0143 or 17.3% from the previous year[3] - Total comprehensive income for the year reached RMB 648,044,000, an increase of 16.5% compared to RMB 556,183,000 in the previous year[48] - The company's net profit attributable to ordinary shareholders for 2025 is RMB 664,258,000, an increase from RMB 575,956,000 in 2024, representing a growth of approximately 15.4%[89] Enrollment and Educational Services - The company provided comprehensive education services to 53,900 high school students during the reporting year[5] - A total of 399 high school graduates received admission offers from the world's top 50 universities, an increase of 127 students compared to the previous year[7] - The company aims to increase its high school student enrollment to approximately 60,000 by the fall semester of 2025, which is an 11% increase from about 54,000 in the fall semester of 2024[16] - The company is committed to maintaining stable enrollment and operations at its schools, ensuring high-quality comprehensive education services for students and parents[15] Operational Efficiency and Strategic Direction - The company has established AI as a core strategic direction for future development, with its self-developed "Qiming AI Companion" model successfully passing national registration in June 2025[16] - The company plans to enhance operational efficiency through digital upgrades and process reengineering, aiming for a more streamlined management structure[16] - The company’s AI product offerings include AI Sprint Camps, AI Smart Learning Rooms, and AI Classrooms, which have completed market promotion and performance verification[16] Financial Position and Liabilities - The net cash flow from operating activities for the year ending August 31, 2025, was RMB 852.6 million, compared to RMB 827.1 million for the previous year, reflecting a growth of 3.1%[36] - The company's net current liabilities decreased to approximately RMB 2,126.2 million as of August 31, 2025, down from RMB 2,438.4 million a year earlier, primarily due to an increase in long-term bank loans[35] - The total borrowings as of August 31, 2025, amounted to approximately RMB 2,379.0 million, up from RMB 2,053.0 million in the previous year, indicating a rise of 15.8%[37] - The debt-to-equity ratio increased to 23.9% as of August 31, 2025, compared to 20.1% a year earlier, reflecting a higher leverage position[37] - The company has no significant contingent liabilities as of August 31, 2025, maintaining a stable financial position[42] Expenses and Costs - Total sales costs rose by 7.9% from approximately RMB 2,201.9 million to approximately RMB 2,375.4 million, primarily due to increased material consumption and procurement costs[24] - Administrative expenses decreased by 1.3% from approximately RMB 257.5 million to approximately RMB 254.2 million, primarily due to reduced share-based payment expenses[28] - Financial costs increased by 44.5% from approximately RMB 86.4 million to approximately RMB 124.8 million, as there were no capitalized interest amounts in the reporting year[33] - Other expenses increased by 60.4% from approximately RMB 28.1 million to approximately RMB 45.0 million, mainly due to property and land use tax payments[32] Compliance and Governance - The company confirmed compliance with the corporate governance code, with a review of governance practices ongoing[122] - The audit committee, consisting of three members, assists the board in financial control, risk management, and internal control systems[123] Future Outlook and Strategic Plans - The company plans to explore investment opportunities and strategic expansions to enhance its revenue base and financial performance in the future[40] - The company will continue to monitor the developments of the Foreign Investment Law and its potential impact on operations, ensuring compliance and strategic alignment[13] Shareholder Information - The board proposed a final dividend of RMB 3.90 per share for the year ending August 31, 2025, amounting to approximately RMB 81.75 million, subject to shareholder approval[116] - The company repurchased a total of 12,061,000 shares at a total cost of HKD 43,117,079 during the reporting period[120] - The company sold a total of 13,000,000 shares for a cash consideration of HKD 51,535,000 during the reporting period[120]

Financial Performance - The company reported a net loss attributable to shareholders of approximately HKD 41.8 million for the six months ended September 30, 2025, compared to a loss of approximately HKD 24.4 million for the same period in 2024[4]. - Revenue from continuing operations decreased by approximately HKD 38.6 million or 19.3%, from about HKD 200 million to approximately HKD 161.4 million, primarily due to a downturn in the Chinese real estate market and reduced infrastructure investment[5]. - The gross profit from continuing operations fell by approximately HKD 24.5 million or 65.5%, from about HKD 37.5 million to approximately HKD 12.9 million, with the gross profit margin decreasing from approximately 18.7% to about 8.0%[7]. - The company recorded a loss before tax from continuing operations of approximately HKD 36 million, an increase of about HKD 12.9 million compared to approximately HKD 23.1 million for the same period in 2024[13]. - The company reported a total comprehensive loss attributable to owners of approximately HKD 52,400,000 for the interim period, compared to a comprehensive loss of about HKD 6,500,000 for the six months ended September 30, 2024[20]. - The company reported a net loss of HKD 41,774,000 for the six months ended September 30, 2025, compared to a loss of HKD 24,399,000 in the previous year[57]. - The company reported a loss from continuing operations of HKD 41,774,000 for the six months ended September 30, 2025, compared to a loss of HKD 22,009,000 for the same period in 2024, indicating an increase in losses of approximately 89%[82]. Income and Expenses - Other income recorded a net gain of approximately HKD 3.1 million during the period, compared to a net loss of approximately HKD 7.8 million for the same period in 2024[8]. - Financing costs decreased by approximately HKD 5.7 million or 45.8%, primarily due to the early redemption of corporate bonds during the period[11]. - The total employee costs for the six months ended September 30, 2025, amounted to HKD 12,563,000, a decrease of 5.7% from HKD 13,326,000 in the previous year[78]. - The company recognized an expected credit loss reversal of approximately HKD 3.9 million for trade receivables and warranty deposits during the period[17]. Assets and Liabilities - As of September 30, 2025, the group had total debts of approximately HKD 199,300,000, down from about HKD 226,000,000 as of March 31, 2025[21]. - The group's cash and cash equivalents amounted to approximately HKD 55,500,000 as of September 30, 2025, a decrease from about HKD 76,600,000 as of March 31, 2025[21]. - The total equity attributable to owners of the company decreased to HKD 845,495,000 as of September 30, 2025, from HKD 897,852,000 as of March 31, 2025[56]. - The company's current liabilities were HKD 369,677,000 as of September 30, 2025, down from HKD 421,160,000 as of March 31, 2025[55]. - The total amount of trade receivables, warranty receivables, and other receivables, along with prepayments, was HKD 763,261,000 as of September 30, 2025[101]. Investments and Acquisitions - The company acquired four industrial property units in Hong Kong for a total consideration of HKD 16.5 million, which will be leased out under operating leases[16]. - The company acquired four industrial building units in Hong Kong for a total consideration of HKD 16,500,000 on April 9, 2025[33]. - The company has no significant investments or capital asset plans as of September 30, 2025, aside from what has been disclosed[36]. - The company completed the sale of 65% of its subsidiary, Chengxin Finance, for a total consideration of HKD 32,500,000, effectively terminating its lending business[79]. Financial Ratios - The current ratio as of September 30, 2025, was 2.1, indicating sufficient financial resources, unchanged from March 31, 2025[21]. - The debt-to-equity ratio as of September 30, 2025, was 23.6%, down from 25.2% as of March 31, 2025[21]. Corporate Governance - The company has complied with all corporate governance codes as per the Hong Kong Stock Exchange listing rules during the interim period[38]. - The audit committee has reviewed the interim financial statements and confirmed compliance with applicable accounting standards and listing rules[48]. Future Outlook - The company is actively exploring other business areas and strategic investment opportunities to diversify revenue sources and enhance overall value amid challenging market conditions[37]. - The company remains cautiously optimistic about the long-term development prospects of its concrete business in Hainan, supported by ongoing infrastructure investments and large-scale development projects in the region[37]. Dividends - The company did not declare an interim dividend for the six-month period ending September 30, 2024[49]. - The company does not recommend the payment of an interim dividend for the current period, consistent with the previous year[80].