Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 4,111,772,000, representing an increase of 4.2% compared to HKD 3,946,807,000 for the same period in 2024[5] - Gross profit for the same period was HKD 162,180,000, up 13.2% from HKD 143,263,000 in 2024[5] - Profit for the period increased to HKD 108,236,000, a rise of 8.5% compared to HKD 99,893,000 in the previous year[7] - Basic and diluted earnings per share for the period were HKD 5.41, compared to HKD 4.99 in 2024, reflecting a growth of 8.4%[7] - Total revenue for the six months ended September 30, 2025, reached HKD 4,111,772,000, up 4.2% from HKD 3,946,807,000 in 2024[23] - Other income for the six months ended September 30, 2025, was HKD 8,196,000, a decrease of 70.1% from HKD 27,412,000 in 2024[24] - Total tax expense for the six months ended September 30, 2025, was HKD 26,051,000, an increase of 44.5% from HKD 17,981,000 in 2024[26] - Profit attributable to equity holders of the parent rose from HKD 99,893,000 to HKD 108,236,000, an increase of HKD 8,343,000[64] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 5,107,048,000, compared to HKD 5,017,793,000 as of March 31, 2025[9] - Current liabilities totaled HKD 3,522,834,000, slightly decreased from HKD 3,525,032,000 as of March 31, 2025[9] - Cash and cash equivalents were HKD 1,643,858,000, down from HKD 1,741,032,000 as of March 31, 2025[8] - Non-current assets increased to HKD 1,943,334,000 from HKD 1,896,724,000 as of March 31, 2025[8] - The company’s net asset value was HKD 1,729,277,000, a slight decrease from HKD 1,735,065,000 as of March 31, 2025[9] - Accounts receivable as of September 30, 2025, included HKD 368,512,000 due within one month[34] - Accounts payable as of September 30, 2025, totaled HKD 1,975,752,000, with HKD 766,816,000 due within three months[36] Cash Flow and Financing - The net cash flow from operating activities was HKD 91,857,000, while the net cash flow from investing activities was HKD 2,540,000[12] - The company’s financing activities resulted in a net cash outflow of HKD 192,575,000, compared to HKD 108,894,000 in the previous period[12] - The company secured significant construction contracts totaling HKD 6,043,000,000 during the period[56] - The company's bank financing amounted to HKD 1,894,200,000, with HKD 1,179,701,000 remaining undrawn as of September 30, 2025[66] Dividends and Share Capital - The company declared a final dividend of HKD 0.06 per share for the year ending March 31, 2025, totaling HKD 120,000,000, compared to HKD 100,000,000 for the same period in 2024[28] - The company's issued share capital remained unchanged at HKD 20,000,000 as of September 30, 2025[38] Operational Insights - The construction segment remains the sole reportable operating segment, focusing on contract works in building construction, renovation, and precast component sales[19] - The company does not expect its mid-term operations to be affected by seasonality or cyclicality[21] - The company provided performance guarantees amounting to HKD 702,563,000 as of September 30, 2025, up from HKD 563,367,000 as of March 31, 2025[43] - The company engaged in related party transactions, including rental payments of HKD 1,494,000 and construction expenses of HKD 53,088,000 to companies controlled by its major shareholder[46] Employee and Governance - As of September 30, 2025, the company employed approximately 650 full-time employees, an increase from 630 on March 31, 2025[83] - The audit committee, composed of four independent non-executive directors, has reviewed the company's accounting principles and internal controls[88] - The board expresses gratitude for the contributions of all management and employees, as well as the support from shareholders[90] Market Outlook - The construction industry in Hong Kong is expected to have a positive medium to long-term outlook, particularly in the public sector, benefiting from government policies[82] - The Hong Kong government aims to meet basic housing needs, with a projected supply of 189,000 public housing units over the next five years, including innovative modular housing units[81] - The long-term housing strategy targets a total supply of 420,000 units over the next decade, maintaining a public-private housing supply ratio of 70:30[81]

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 58,875,000, an increase of 6.6% compared to HKD 55,412,000 for the same period in 2024[3] - Other income for the same period was HKD 615,000, compared to HKD 4,725,000 in 2024, reflecting a significant decrease[3] - Cost of goods sold was HKD 30,311,000, up from HKD 26,206,000, indicating an increase of 19.9%[3] - Gross profit for the period was HKD 28,564,000, compared to HKD 29,206,000 in 2024, showing a slight decline[3] - Operating expenses totaled HKD 24,000,000, down from HKD 26,000,000, representing a decrease of 7.7%[3] - Profit before tax was HKD 3,620,000, down from HKD 5,892,000, a decline of 38.6%[3] - Net profit for the period was HKD 3,039,000, compared to HKD 4,995,000 in 2024, reflecting a decrease of 39.1%[3] - Basic earnings per share were HKD 1.07, down from HKD 1.76 in the previous year, a decline of 39.2%[3] - The company reported a total comprehensive income of HKD 3,039,000 for the period, compared to HKD 4,995,000 in 2024[3] Assets and Liabilities - Total assets decreased to HKD 177,971 million from HKD 177,142 million[5] - Non-current assets include investment properties valued at HKD 26,000 million and right-of-use assets at HKD 18,737 million[4] - Current assets increased to HKD 244,841 million, up from HKD 221,333 million, driven by cash and cash equivalents of HKD 1,085 million[4] - Trade receivables rose significantly to HKD 103,665 million from HKD 61,730 million, indicating strong sales performance[4] - Current liabilities increased to HKD 155,532 million from HKD 136,962 million, primarily due to trade payables[5] - The net value of current assets stands at HKD 89,309 million, compared to HKD 84,371 million previously[4] - Total equity remains stable at HKD 143,059 million, consistent with the previous period[5] - The company reported a significant increase in cash reserves, with bank deposits rising to HKD 1,085 million from HKD 1,377 million[4] - The company has a total of HKD 28,412 million in share capital, unchanged from the previous period[5] - Retained earnings increased to HKD 114,647 million from HKD 111,608 million, reflecting ongoing profitability[5] Revenue Breakdown - Revenue from ceramic tiles was HKD 52,197,000, up from HKD 38,753,000, indicating a growth of about 34.7% year-over-year[11] - Revenue from sanitary ware and other products decreased to HKD 6,438,000 from HKD 16,419,000, reflecting a decline of approximately 60.8%[11] - The total revenue from non-retail sales channels was HKD 41,855,000, compared to HKD 30,404,000 in the previous year, marking an increase of approximately 37.5%[11] - Revenue from Hong Kong for the six months ended September 30, 2025, was HKD 47,875,000, down from HKD 51,412,000 in 2024, showing a decline of approximately 6.5%[16] - Non-retail sales accounted for approximately 71.4% of total revenue from tile and sanitary ware sales, up from 55.1% in 2024[38] - Retail sales of tiles and sanitary ware decreased by approximately 32.3% to about HKD 16.8 million, down from approximately HKD 24.8 million in the previous year[40] - Non-retail sales revenue increased by approximately 37.7% to about HKD 41.9 million, compared to HKD 30.4 million in the same period last year[40] Strategic Initiatives - The company continues to explore new strategies for market expansion and product development to enhance future performance[2] - The group anticipates ongoing economic uncertainties and geopolitical tensions affecting consumer sentiment, prompting a focus on optimizing the product mix to adapt to changing market trends[65] - The group plans to expand into the Vietnamese market through electric vehicle trade and the installation of EV charging stations[65] - The group aims to develop a multi-model AI workflow system to enhance marketing efficiency, leveraging existing user behavior data and content assets[66] - The group has obtained a precious metals trading license to diversify revenue sources and stabilize financial performance[66] - The group will continue to strengthen partnerships with existing distributors and enterprise clients while expanding its distribution network in China[65] Corporate Governance - The company has adopted corporate governance practices to maintain high standards of business ethics and protect shareholder interests[69] - The audit committee, consisting of three independent non-executive directors, reviewed the financial information of the group and the relationship with external auditors[75] - The interim financial statements have been reviewed by the audit committee[76] - The company implemented a share option plan, granting 4,800,000 share options to executive directors at an exercise price of HKD 0.3 per share, representing 1.69% of the issued share capital as of September 30, 2025[73] - As of October 23, 2025, 4,800,000 share options were exercised, corresponding to 1.66% of the company's issued shares on that date[74] - Following the exercise of share options on October 28, 2025, the total number of issued shares increased from 284,117,000 to 288,917,000 shares[77] - The company has no significant contracts involving directors or major shareholders that could create conflicts of interest[67] Taxation and Expenses - The estimated taxable profit for the Macau subsidiary was provided at a tax rate of 12%[20] - The Hong Kong profits tax for the current period was HKD 234,000, down from HKD 446,000 in the previous year, indicating a decrease of approximately 47.4%[19] - The company incurred other expenses totaling HKD 3,284,000 for the six months ending September 30, 2025, compared to HKD 4,615,000 in the previous year, reflecting a reduction of about 29%[18] - The company reported a deferred tax expense of HKD 581,000 for the current period, compared to HKD 897,000 in the previous year[19] Employee and Operational Metrics - Employee costs for the six months ended September 30, 2025, were approximately HKD 7.2 million, stable compared to HKD 7.5 million for the same period in 2024[46] - The group had approximately 39 employees, with employee costs for the six months ending September 30, 2025, and September 30, 2024, being approximately HKD 7.2 million and HKD 7.5 million, respectively[61] Other Information - The company did not recommend any dividend payment for the six months ending September 30, 2025, consistent with the previous year[25] - As of September 30, 2025, the group had no significant or contingent liabilities[60] - No significant events occurred from the reporting period until the announcement date, aside from the share option exercise[78]

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of RMB 6,536,000, a decrease of 10.6% compared to RMB 7,308,000 for the same period in 2024[8] - Gross profit for the same period was RMB 1,492,000, down 17.7% from RMB 1,813,000 in the previous year[8] - The total comprehensive loss for the period was RMB 14,680,000, representing a 29.0% decrease from RMB 20,676,000 in the corresponding period of 2024[8] - The loss attributable to owners of the company was RMB 13,454,000, a decrease of 38.5% compared to RMB 21,886,000 in the prior year[8] - Revenue for the six months ended September 30, 2025, was RMB 6,536,000, a decrease of 10.5% compared to RMB 7,308,000 for the same period in 2024[10] - Net loss for the six months ended September 30, 2025, was RMB 14,680,000, compared to a net loss of RMB 20,676,000 for the same period in 2024, representing a 29% improvement[10] - The company reported a significant reduction in administrative expenses to RMB 9,425,000 for the six months ended September 30, 2025, down from RMB 25,230,000 in the same period of 2024[10] - The company incurred a total loss of RMB 14,642,000 for the six months ended September 30, 2025, compared to a loss of RMB 20,633,000 for the same period in 2024, indicating an improvement of about 29.0%[27] Assets and Liabilities - Total assets as of September 30, 2025, were RMB 326,668,000, a decrease of 4.7% from RMB 342,940,000 as of March 31, 2025[8] - Total liabilities decreased to RMB 156,029,000 as of September 30, 2025, from RMB 183,246,000 as of March 31, 2025[11] - Cash and cash equivalents decreased by 5.3% to RMB 10,518,000 from RMB 11,112,000 in the prior year[8] - Trade receivables and contract assets decreased to RMB 44,803,000 as of September 30, 2025, from RMB 53,616,000 as of March 31, 2025, with an increase in impairment provision from RMB 19,315,000 to RMB 26,091,000[38] - The group's current assets and current liabilities as of September 30, 2025, were approximately RMB 315,500,000 and RMB 155,400,000, respectively, compared to RMB 331,600,000 and RMB 181,900,000 on March 31, 2025[80] - The group's debt-to-equity ratio as of September 30, 2025, was 21.0%, a decrease from 35.5% on March 31, 2025[80] Cash Flow and Financial Management - Operating cash flow for the six months ended September 30, 2025, was a net outflow of RMB 5,752,000, an improvement from RMB 22,791,000 in the previous period[13] - The company reported a loss attributable to owners of RMB 13,454,000 and a net cash outflow from operations of RMB 5,752,000 for the six months ended September 30, 2025[16] - The company plans to implement cost control measures and timely collection of receivables to generate sufficient operating cash flow[17] Share Capital and Stock Options - The first loan capitalization agreement involved issuing 230,000,000 shares at a capitalization price of HKD 0.119 per share, converting shareholder loans into equity amounting to HKD 27,370,000[18] - The second loan capitalization agreement involved issuing 140,000,000 shares at a capitalization price of HKD 0.098 per share, converting shareholder loans into equity amounting to HKD 13,720,000, pending shareholder approval[18] - The company granted a total of 366,688,000 stock options to directors and employees under the 2023 plan, with an exercise price of HKD 0.16 per option[51] - The total number of stock options that can be granted under the plan is capped at 366,693,600 shares, which is 10% of the issued share capital at the time of approval[94] Revenue Sources - Revenue from LNG sales decreased to RMB 5,934,000 for the six months ended September 30, 2025, compared to RMB 6,717,000 for the same period in 2024, reflecting a decline of approximately 11.6%[23] - Rental income from investment properties increased to RMB 125,000 for the six months ended September 30, 2025, compared to RMB 109,000 for the same period in 2024[23] - The energy business continues to account for over 99% of the company's total revenue, with a net loss after tax of approximately RMB 14,700,000, reduced from a net loss of approximately RMB 20,700,000 in the corresponding period[64] Governance and Compliance - The company has adopted a code of conduct regarding securities transactions by directors, which complies with the GEM Listing Rules[108] - The company has adhered to the corporate governance code as per GEM Listing Rules throughout the reporting period[109] - The audit committee has reviewed the financial results for the six months ended September 30, 2025, and confirmed that the reports were prepared in accordance with applicable accounting standards[112] Future Outlook - The company plans to actively explore LNG trade, urban gas mergers, and comprehensive energy supply in the coming year[78] - The group has initiated plans to expand into the Southeast Asian market, aligning with the Belt and Road Initiative[78] - The company expects the LNG prices to fluctuate between USD 500 and USD 800 per ton over the next three years due to global supply-demand imbalances and geopolitical risks[75]

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全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 COME SURE GROUP (HOLDINGS) LIMITED 錦 勝 集 團（ 控 股 ）有 限 公 司* （於開曼群島註冊成立之有限公司） （股份代號：00794） 截至二零二五年九月三十日止六個月 中期業績公佈 集團業績 錦勝集團（控股）有限公司（「本公司」）之董事（「董事」）局（「董事局」）欣然公佈， 本公司及其附屬公司（統稱「本集團」）截至二零二五年九月三十日止六個月之未經 審核綜合業績如下： 綜合損益及其他全面收入報表 截至二零二五年九月三十日止六個月 | | | 截至九月三十日止六個月 | | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | 附註 | 千港元 | 千港元 | | | | （未經審核） | （未經審核） | | 收益 | 3 | 367,321 | 394,121 | | 銷售成本 | | (296,256) | ( ...

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 。 二零二五至二零二六年度中期業績公告 中期業績 永發置業有限公司（「本公司」）董事局欣然呈列本公司及各附屬公司（「本集團」）截至二 零二五年九月三十日止六個月之未審核綜合業績。 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 | | | 二 零 二 五 年 | 二 零 二 四 年 | | --- | --- | --- | --- | | | 附 註 | 千 港 元 | 千 港 元 | | | | （ 未 審 核 ） | （ 未 審 核 ） | | 營 業 額 | 3 | 11,972 | 12,261 | | 其 他 收 入 及 溢 利 | 4 | 716 | 2,116 | | 按 公 平 價 值 計 入 損 益 的 權 益 工 具 | | | | | 之公平價值 溢 利 | ...

Financial Performance - The consolidated revenue for the six months ended September 30, 2025, was approximately HKD 10,900,000, a decrease of about 51.3% compared to HKD 22,400,000 for the same period last year[4]. - The loss attributable to the owners of the company decreased from HKD 11,300,000 in the previous year to HKD 10,300,000 for the six months ended September 30, 2025[4]. - The gross profit for the six months ended September 30, 2025, was HKD 4,478,000, down from HKD 9,727,000 in the previous year[5]. - Total comprehensive loss for the six months ended September 30, 2025, was HKD 10,348,000, compared to HKD 11,517,000 in the previous year[6]. - The basic and diluted loss per share for the six months ended September 30, 2025, was HKD 1.86, compared to HKD 2.18 for the same period last year[5]. - The company reported a loss before tax of HKD 10,345,000 for the six months ended September 30, 2025, compared to a loss of HKD 11,352,000 in 2024[17]. - The operating gross profit margin was approximately 40.9%, down from 43.4% in the previous year, reflecting strategic adjustments in the product mix[49]. Assets and Liabilities - Non-current assets decreased from HKD 10,335,000 as of March 31, 2025, to HKD 8,373,000 as of September 30, 2025[7]. - Current assets decreased from HKD 35,946,000 as of March 31, 2025, to HKD 27,480,000 as of September 30, 2025[7]. - The total liabilities as of September 30, 2025, were HKD 141,076,000, an increase from HKD 130,728,000 as of March 31, 2025[8]. - The equity attributable to the owners of the company as of September 30, 2025, was HKD (141,076,000), compared to HKD (130,728,000) as of March 31, 2025[8]. - The company has a net current liability of approximately HKD 117,382,000 as of September 30, 2025, indicating potential liquidity concerns[13]. - Total assets as of September 30, 2025, amounted to HKD 35,853,000, a decrease from HKD 46,281,000 as of March 31, 2025[36]. - The total liabilities as of September 30, 2025, were HKD 176,929,000, slightly down from HKD 177,009,000 as of March 31, 2025[37]. Cash Flow and Financing - The net cash used in operating activities for the six months ended September 30, 2025, was HKD (8,840,000), compared to HKD (3,260,000) for the same period in 2024, indicating a significant increase in cash outflow[10]. - Cash and cash equivalents at the end of the period were HKD 13,721,000, down from HKD 18,334,000 at the end of September 2024, representing a decrease of 25.4%[11]. - Financing costs for the period included interest expenses on convertible bonds amounting to HKD 2,747,000, a substantial increase from HKD 400,000 in the previous year[15]. - Financing costs increased by 136.1% to approximately HKD 3,500,000, up from HKD 1,500,000 in the previous year, mainly due to increased interest expenses on convertible bonds[51]. Revenue Breakdown - Revenue from cake sales decreased to HKD 7,940,000 in 2025 from HKD 20,249,000 in 2024, reflecting a decline of 60.8%[15]. - The photovoltaic segment generated revenue of HKD 2,616,000 for the six months ended September 30, 2025, with no revenue reported in the previous year[34]. - The revenue from the photovoltaic segment's major customer (Customer A) was HKD 2,616,000 for the six months ended September 30, 2025, representing 10% or more of the group's revenue[41]. Cost Management - Operating expenses for the period were HKD 11,246,000, compared to HKD 19,667,000 for the same period last year, indicating a reduction in costs[5]. - The total compensation for directors and key management personnel was HKD 1,580,000 for the six months ended September 30, 2025, compared to HKD 1,687,000 in the previous year, reflecting cost control measures[30]. - Operating expenses decreased by approximately 42.8% to about HKD 11,200,000, down from HKD 19,700,000 in the previous year, reflecting strict cost control measures[52]. Corporate Governance - The company has established an audit committee in compliance with GEM Listing Rules, which includes three independent non-executive directors[88]. - The company has maintained high standards of corporate governance and has complied with the corporate governance code during the reporting period[90]. - All directors have adhered to the required standards of trading in securities as per the company's code of conduct[89]. - The company is committed to continuous improvement in corporate governance practices and standards[90]. Strategic Initiatives - The group has officially commenced its photovoltaic business, marking a significant step in the renewable energy sector, focusing on solar cells and related materials[45]. - The group is diversifying its business portfolio and has introduced promotional discounts related to various festivals to attract local customers and increasing mainland Chinese tourists[45]. - The company is adopting a cautious approach to restaurant business expansion due to economic challenges and consumer confidence issues[68]. - The company plans to explore potential acquisition opportunities while continuing to assess its business objectives in response to market conditions[69]. Shareholder and Equity Information - Major shareholder Hanbo Holdings Limited holds 296,887,066 shares, representing approximately 53.49% of the total issued shares as of September 30, 2025[75]. - The company has adopted a new share option scheme on September 22, 2023, which will remain effective for 10 years unless terminated early by the board[79]. - The maximum number of shares that can be issued under the new share option plan is capped at 10% of the total issued share capital as of the adoption date, amounting to 52,077,187 shares[81]. - No share options were granted, exercised, lapsed, or cancelled during the reporting period, and there are no unexercised options as of September 30, 2025[85].

Blue River Holdings Limited 藍 河 控 股 有 限 公 司 （ 於百慕達註冊成立之有限公司） （股份代號：498） 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 分 內 容 而 產 生或因倚賴該等內容而引致的任何損失承擔任何責任。 截至2025年9月30日止六個月中期業績 Blue River Holdings Limited 藍 河 控 股 有限 公 司（「 本公 司」）之 董 事局（「 董 事 局」）欣然宣佈本公司及其附屬公司（「本集團」）截至2025年9月30日止六個月 之未經審核綜合中期業績。 1 業績 簡明綜合收益表 截至2025年9月30日止六個月 | | | 未經審核 | | | --- | --- | --- | --- | | | | 截至9月30日止六個月 | | | | | 2025 | 2024 | | | 附註 | 千港元 | 千 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份 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。 Dufu Liquor Group Limited 杜甫酒業集團有限公司 中國環保能源投資有限公司* （於百慕達註冊成立之有限公司） （股份代號：986） 截至二零二五年九月三十日止六個月 中期業績公告 杜甫酒業集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及其附屬 公司截至二零二五年九月三十日止六個月的簡明綜合中期業績（「中期業績」）。本公告載有本公司 二零二五年中期報告（「中期報告」）全文，並符合香港聯合交易所有限公司證券上市規則中有關中 期業績初步公告附載資料的相關規定。 承董事會命 杜甫酒業集團有限公司 聯席主席兼執行董事 劉俊 香港，二零二五年十一月二十八日 於本公告日期，董事會包括四名執行董事，即劉俊先生、秦梽尊先生、韋亮先生及黎 夏女士；非執行董事楊曉慶女士；以及三名獨立非執行董事，即姚道華先生、劉量源 先生及張恒先生。 本公告之中英文版本如有任何歧異，概以英文版 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）對 本 公 告 的 內 容 概 不 負 責， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產生或因依賴該等內容而引致的任何損失承擔任何責任。 COOLPOINT INNONISM HOLDING LIMITED 快意智能股份有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8040） 截 至2025年9月30日止六個月 中期業績公告 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公司 帶 有 較 高 投 資 風 險。有 意 投 資 的 人 士 應 了 解 投 資 於 該 等 公 司 的 潛 在 風 險，並 應 經 過 審 慎 周 詳 的 考慮後方作出投資決定。 由 於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣的證券承 受較大的市場波動風險，同時無 ...

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 219,124,000, a decrease of 63.24% compared to HKD 595,834,000 for the same period in 2024[4] - Gross profit for the same period was HKD 44,285,000, down 50.14% from HKD 88,235,000 in 2024[4] - The company achieved a profit before tax of HKD 20,558,000, representing a decline of 68.32% from HKD 64,869,000 in the previous year[4] - Net profit for the period was HKD 18,428,000, a decrease of 65.92% compared to HKD 55,798,000 in 2024[4] - Basic and diluted earnings per share were HKD 1.53, down from HKD 5.41 in the same period last year[4] - Total comprehensive income for the period was HKD 22,329,000, compared to HKD 64,103,000 in 2024, reflecting a decline of 65.12%[6] - The group reported a pre-tax loss of HKD 174,839,000 for the six months ended September 30, 2025, compared to HKD 507,599,000 in the previous year, reflecting a 65.5% reduction in losses[23] - The income tax expense for the period was HKD 2,130,000, a decrease of 76.5% from HKD 9,071,000 in the same period of 2024[24] - The net profit attributable to the company's owners was approximately HKD 17,724,000, down from HKD 55,061,000 in the previous year, mainly due to the impact of market pricing reforms in the renewable energy sector[46] Assets and Liabilities - As of September 30, 2025, total assets amounted to HKD 1,050,246,000, a decrease from HKD 1,023,585,000 as of March 31, 2025[7] - Current liabilities totaled HKD 340,954,000, down from HKD 368,941,000 at the end of the previous reporting period[7] - The total bank and other borrowings as of September 30, 2025, amounted to HKD 104,886,000, an increase from HKD 94,358,000 as of March 31, 2025[32] - The company's trade receivables aged 0 to 30 days increased significantly to HKD 118,076,000 from HKD 52,184,000 as of March 31, 2025[29] - The provision for expected credit losses on trade receivables increased from HKD 32,084,000 at the beginning of the period to HKD 32,366,000 by September 30, 2025[29] - The company's trade payables aged 0 to 30 days decreased to HKD 27,751,000 from HKD 93,008,000 as of March 31, 2025[31] Cash Flow and Liquidity - The company's cash and cash equivalents increased to HKD 127,323,000 from HKD 80,672,000, indicating improved liquidity[7] - For the six months ended September 30, 2025, the net cash generated from operating activities was HKD 5,629,000, a significant decrease from HKD 30,617,000 in the same period of 2024, representing an 81.6% decline[10] - Total cash and cash equivalents increased by HKD 46,651,000, compared to an increase of HKD 115,658,000 in the prior year, indicating a 59.7% decrease in cash growth[10] - The group’s cash and cash equivalents at the end of the period were HKD 127,323,000, compared to HKD 159,976,000 at the end of the previous year, indicating a decrease of 20.5%[10] - Cash and cash equivalents increased to approximately HKD 127,323,000 from HKD 80,672,000, representing an increase of about 6.9%[48] Revenue Sources - Revenue from construction contracts for the six months ended September 30, 2025, was HKD 219,124,000, down 63.3% from HKD 595,834,000 in the same period of 2024[22] - The renewable energy business recorded total revenue of approximately HKD 219,124,000, a decrease of about 63.2% compared to HKD 595,834,000 in the same period last year[42] - The group’s interest income for the six months ended September 30, 2025, was HKD 458,000, down 59.4% from HKD 1,129,000 in the previous year[22] - The group’s major customer in the renewable energy segment contributed HKD 131,624,000, which accounted for over 10% of total revenue for the six months ended September 30, 2025[20] Operating Expenses - Administrative and other operating expenses totaled approximately HKD 23,507,000, a decrease of about 20.3% from HKD 29,482,000 in the previous year[44] - Financing costs were approximately HKD 1,381,000, a reduction of about 44.8% compared to HKD 2,500,000 in the same period last year[45] - The group’s employee benefits expenses, excluding directors and key management personnel, increased to HKD 14,793,000 from HKD 13,506,000, marking an increase of 9.5%[23] Shareholder Information - As of September 30, 2025, Mr. Wu Jianong holds 749,986,515 shares, representing 61.12% of the company[59] - The major shareholder, Zhenjie Limited, holds 739,375,515 shares, accounting for 60.26% of the company[61] - A share incentive plan was adopted on September 24, 2024, allowing for a maximum of 10% of the issued share capital (i.e., 122,700,000 shares) to be awarded[62] - A total of 74,350,000 shares have been purchased in the market under the share incentive plan since its adoption, with no shares rewarded as of the announcement date[65] - The share incentive plan allows for a maximum of 1% of the company's issued share capital to be granted as rewards to selected participants[63] Corporate Governance - The company has complied with all applicable corporate governance codes, except for the separation of the roles of Chairman and CEO, which are held by the same individual since August 11, 2016[56] - All directors confirmed compliance with the trading code for securities transactions during the six months ended September 30, 2025[69] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2025, and confirmed compliance with applicable accounting standards[70] Future Plans and Developments - The company is focusing on developing floating photovoltaic support structures for offshore projects to meet market demand[41] - The company aims to enhance product performance and reduce electricity costs while promoting affordable grid access in the renewable energy sector[40] - The company plans to continue its operations and strategies in the EPC and photovoltaic sectors, leveraging the funds raised from the rights issue[68] Miscellaneous - The company did not declare or pay any dividends for the six months ended September 30, 2025, and 2024[27] - The company has not disclosed any significant events that occurred after September 30, 2025, up to the announcement date[71] - The company and its subsidiaries did not purchase, sell, or redeem any listed securities during the six months ending September 30, 2025[58] - The company has not recognized any profit tax provision in Hong Kong due to no profits generated from that region[25] - The company has a tax provision for its Chinese subsidiaries at a rate of 25%, with one subsidiary qualifying for a reduced rate of 5%[26] - The interest rates on bank and other borrowings ranged from 2.24% to 2.8% as of September 30, 2025, compared to 2.9% to 3.65% as of March 31, 2025[32]