Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 871,143,000, a decrease of 48.7% compared to HKD 1,699,926,000 for the same period in 2024[4] - Gross profit for the same period was HKD 84,401,000, down 86.8% from HKD 640,711,000 in 2024[4] - The company reported a loss attributable to equity holders of HKD 740,152,000, compared to a loss of HKD 442,906,000 in the previous year, representing a 67.3% increase in losses[5] - The basic and diluted loss per share for the period was HKD 3.93, compared to HKD 2.35 in 2024[5] - Other income for the period was HKD 13,178,000, significantly higher than HKD 3,490,000 in the previous year[4] - The pre-tax loss for the six months ended September 30, 2025, was HKD 671.2 million, while for the same period in 2024, it was HKD 286.9 million[22] - The company's income tax expenses for the six months ended September 30, 2025, amounted to HKD 68,965,000, a decrease of 55.7% compared to HKD 155,956,000 for the same period in 2024[8] - The basic and diluted loss per share for the six months ended September 30, 2025, was HKD (740,152,000), compared to HKD (442,906,000) for the same period in 2024[28] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 1,542,407,000, down from HKD 1,789,261,000 as of March 31, 2025[7] - The company’s net current liabilities increased to HKD 829,820,000 from HKD 5,284,487,000, indicating a significant deterioration in liquidity[7] - Non-current liabilities included convertible bonds amounting to HKD 4,327,209,000 as of September 30, 2025[8] - As of September 30, 2025, the company has recognized a net debt of approximately HKD 4.81 billion and a net current liability of about HKD 829.8 million, resulting in a loss of approximately HKD 740.2 million for the period[13] - Accounts receivable as of September 30, 2025, totaled HKD 856,484,000, down from HKD 1,092,671,000[34] - Trade payables as of September 30, 2025, amounted to HKD 271,482,000, a decrease from HKD 301,305,000[35] - The debt portion of convertible bonds as of September 30, 2025, was HKD 3,064,671,000[36] - The company has a financing arrangement with a major shareholder, providing HKD 1.9 billion, with an outstanding amount of HKD 856.4 million as of September 30, 2025[12] Tax and Legal Matters - The total tax amount reassessed by the Mongolian Tax Dispute Resolution Committee for the fiscal years 2017 to 2020 is MNT 412.3 billion (approximately HKD 902.6 million)[11] - MoEnCo LLC received a revised tax demand from the Mongolian tax authorities, adjusting the total tax amount to 413,400,000,000 Mongolian Tugrik (approximately HKD 929,800,000) due to alleged underreporting of sales revenue[25] - The total provision for tax liabilities was HKD 955,600,000, which includes tax provisions and penalties of HKD 409,000,000[27] - MoEnCo is currently in legal proceedings to challenge the tax reassessment amounting to approximately HKD 902,600,000[26] - The company disagrees with the tax assessment based on processed coal market prices, as it exports unprocessed raw coal, which naturally has a lower selling price[71] - The tax dispute resolution committee ruled that MoEnCo must pay a total of 412.3 billion Mongolian Tugrik (approximately HKD 902.6 million) for the 2017-2020 tax years[71][78] - MoEnCo agreed to pay a settlement amount of 120.8 billion Mongolian Tugrik (approximately HKD 279 million) to the Mongolian tax authorities, primarily for the 2022 and 2023 tax years, to be paid in six installments[72][78] - The company has taken steps to resolve its tax disputes to address the issue of the auditor's disclaimer of opinion on the financial statements[75] - The company is actively seeking constructive dialogue with the Mongolian tax authorities to reach an amicable resolution regarding the tax disputes[74][78] Operational Performance - For the six months ended September 30, 2025, the coal mining segment reported revenue of HKD 871.1 million with a segment loss of HKD 332.2 million[17] - For the six months ended September 30, 2024, the coal mining segment reported revenue of HKD 1.70 billion with a segment loss of HKD 76.4 million[18] - Sales volume for coking coal was approximately 851,000 tons, down from 1,006,900 tons in the previous year[46] - Average selling price for coking coal was HKD 1,016.4 per ton, down from HKD 1,685.7 per ton in the previous year[46] - The production of coking coal and thermal coal was approximately 1.68 million tons and 895,100 tons, respectively, down from 2.04 million tons and 2.21 million tons in the previous fiscal period[61] - Approximately 1.53 million tons of raw coal were processed, resulting in about 1.20 million tons of washed coking coal, with recovery rates of 79.5% and 74.9% for the processing plants[62] - The company transported about 1.35 million tons of raw coking coal from Mongolia to Xinjiang during the fiscal period, down from 1.66 million tons in the previous year[63] - The largest customer accounted for approximately 61.3% of the company's revenue during the fiscal period, with sales of about 488,100 tons of washed coking coal[64] - Mongolia's coal exports increased by 2.3% year-on-year to 62.61 million tons in the first nine months of 2025, with China remaining the primary market[59] Strategic Initiatives - The company adopted a defensive strategy to mitigate the impact of declining coal prices in China[46] - The company implemented cost-saving measures, including renegotiating transportation terms with carriers[47] - The advanced smart coal washing plant for dry coal selection has recently commenced trial operations, expected to enhance operational efficiency and product quality[88] Employee and Governance - The company employed 780 full-time employees across Hong Kong, Mongolia, and China as of September 30, 2025[90] - The company has adopted a customized code for securities trading by directors, which is less stringent than the standard code outlined in the listing rules[94] - All directors confirmed compliance with the securities trading regulations during the financial period ending September 30, 2025, with no violations reported among relevant employees[96] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated financial statements for the six months ending September 30, 2025, and found no objections to the accounting methods adopted by the company[97] Market Conditions - China's GDP grew by 5.2% year-on-year in the first half of 2025, indicating strong economic resilience[57] - Global crude steel production decreased by 1.6% year-on-year to 1,373.8 million tons, with China's production at 746.3 million tons, down 2.9%[57] - The average export price of Chinese steel dropped by 9.5% year-on-year in the first nine months of 2025, reflecting a strategy of price reduction to increase volume[58] - In the first nine months of 2025, China's total coal production reached 3.57 billion tons, representing a year-on-year increase of 2%[59] - During the same period, China imported over 34.59 million tons of coal, a decrease of 11.1% year-on-year, with coking coal imports down by 6.4%[59] - The Mongolian economy continues to face pressure due to declining coal demand and prices, impacting public finances and leading to delays in infrastructure projects[66] Future Outlook - The company has no specific future plans regarding significant investments or capital assets as of the announcement date[84] - There were no significant investments or acquisitions involving subsidiaries or joint ventures during the financial period[83] - The company has not engaged in any buybacks, sales, or redemptions of its listed securities during the financial period[91] - The company has no significant contingent liabilities as of September 30, 2025[86]

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 就 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。 中期業績公佈 截 至2025年9月30日 止6個 月 財務摘要 未經審核中期業績 富士高實業控股有限公司* （「本公司」）董 事（「董 事」）會（「董事會」）欣 然 公 佈 本 公 司 及 其 附 屬 公 司（「富士高」或「本集團」）截 至2025年9月30日 止6個 月（「中 期 期 間」）之 未 經 審 核 綜 合 業 績。 中期業績已經本公司審核委員會與獨立核數師遵照香港會計師公會頒佈之 香港審閱準則第2410號「由 實 體 的 獨 立 核 數 師 執 行 的 中 期 財 務 資 料 審 閱」審 閱。 * 僅供識別 - 1 - • 收 入：434,900,000港 元，下 跌15.8%（2024：516,400,000港 元） • 毛 利 率：20.3%，下 跌3.2個 百 分 點（2024：23.5%） • 歸 屬 本 公 司 股 權 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對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。 （於百慕達註冊成立之有限公司） （股份代號 ： 2326） 截至二零二五年九月三十日止六個月之 中期業績公佈 中期業績 新源萬恒控股有限公司（「本公司」）董事會（「董事會」）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之未經審核簡明綜合業績，連同去年 同期之比較數字如下： 簡明綜合損益表 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） | | 收益 | 3(a) | 371,705 | 291,858 | | 銷售成本 | | (370,912) | (297,279) | | 毛利╱（毛損） | | 793 | (5,421) | | 其他開支淨額 | 4 | ...

Financial Performance - For the six months ended September 30, 2025, the company reported a loss from continuing operations of HKD 64,549,000, compared to a loss of HKD 33,728,000 for the same period in 2024, representing an increase in loss of 91.5%[3] - Revenue from continuing operations decreased to HKD 51,047,000, down 30.4% from HKD 73,324,000 in the previous year[4] - The company recorded an operating loss of HKD 44,698,000, compared to an operating loss of HKD 5,263,000 in the prior year, indicating a significant deterioration in operational performance[4] - The net loss attributable to the company's owners for the period was HKD 45,804,000, an improvement from a loss of HKD 88,757,000 in the same period last year[5] - Total comprehensive income for the period was a loss of HKD 20,579,000, compared to a loss of HKD 89,599,000 in the previous year, showing a reduction in overall losses[6] - The company reported a pre-tax loss from continuing operations of HKD 64,530,000 for the six months ended September 30, 2025[17] - The group recorded a gross loss of HKD 27 million for the six months ended September 30, 2025, compared to a gross profit of HKD 9 million for the same period in 2024, primarily due to a one-time write-off related to a property redevelopment project[45] - The basic loss per share from continuing and discontinued operations was HKD 0.122 for the six months ended September 30, 2025, compared to HKD 0.236 for the same period in 2024[46] Revenue and Sales - Revenue from property sales for the six months ended September 30, 2025, was HKD 50,910,000, a decrease of 28.3% compared to HKD 70,932,000 for the same period in 2024[13] - Total revenue from continuing operations for the six months ended September 30, 2025, was HKD 51,047,000, a decline of 30.4% from HKD 73,324,000 in 2024[13] - The company had two customers contributing over 10% of total revenue, with sales of completed properties amounting to approximately HKD 38,000,000 and HKD 12,910,000 respectively[13] - The total expected revenue from existing contracts as of September 30, 2025, was HKD 137,000, which is anticipated to be recognized in the upcoming months[15] Assets and Liabilities - The company's total assets decreased to HKD 1,208,314,000 as of September 30, 2025, down from HKD 1,090,155,000 as of March 31, 2025[7] - Current assets increased to HKD 579,157,000, compared to HKD 485,136,000 at the end of the previous reporting period, indicating improved liquidity[8] - The company’s non-current liabilities remained stable at HKD 91,856,000, reflecting consistent long-term financial obligations[8] - The net asset value per share attributable to the owners was HKD 1.43, a slight decrease from HKD 1.54 as of March 31, 2025[3] - The fair value of investment properties decreased to HKD 2,500,000 as of September 30, 2025, from HKD 154,500,000 at the beginning of the year[28] - The total debt as of September 30, 2025, is HKD 152 million, representing 21.4% of total assets, a decrease from 26.8% as of March 31, 2025[61] - The net asset liability ratio is 10.2% as of September 30, 2025, down from 26.7% as of March 31, 2025, with net debt amounting to HKD 55 million[61] Dividends and Shareholder Returns - The company did not recommend an interim dividend for the six months ended September 30, 2025, maintaining a conservative approach amid ongoing losses[3] - The board did not recommend an interim dividend for the six months ended September 30, 2025, consistent with the previous period[46] - The board does not recommend the payment of an interim dividend for the six-month period ending September 30, 2025, consistent with the previous period where no dividend was declared[68] Investments and Acquisitions - The company acquired additional property, plant, and equipment amounting to approximately HKD 54,229,000 during the six months ended September 30, 2025[28] - The company acquired 100% equity of Cosmo Kingdom Holdings Limited for approximately HKD 57.569 million, completed on April 30, 2025[40] - The acquisition of 100% equity in Cosmo Kingdom Holdings Limited was completed for approximately HKD 57.57 million, approved by independent shareholders on September 16, 2024[47] - The group received HKD 120 million from the sale of its 50% stake in Quarella Holdings Limited, which sold its entire equity in a subsidiary for HKD 240 million[47] Operational Strategy - The company continues to focus on asset monetization and project delivery amidst market uncertainties, enhancing cash flow resilience[43] - The company is actively negotiating asset sales and progressing with property projects in Hong Kong, the US, and the UK[43] - The company maintains a cautious investment approach in the US, with the Winston project actively marketed to potential buyers and the Monterey Park Towne Centre project having resumed redevelopment[55] - The company is focused on enhancing shareholder returns through rigorous asset and investment management, including the sale of non-core assets and optimizing its real estate portfolio[55] - The company anticipates a cautious but optimistic outlook for the real estate market, supported by potential interest rate cuts and improved market sentiment[58] - The company aims to maintain financial flexibility and ensure timely delivery of ongoing projects while seeking high-potential development opportunities across different markets[59] Employee and Governance - The total employee count as of September 30, 2025, remains at 20, with total employee compensation (including director remuneration) amounting to HKD 14 million for the six-month period ending September 30, 2025[67] - The audit committee, composed of three independent non-executive directors, has reviewed the group's interim performance during the period[73] - The board believes that the current arrangement of the chairman and CEO roles being held by the same individual is in the best interest of the company, despite deviating from corporate governance codes[70] Risk Management - The company continues to monitor and review its credit policies to minimize credit risk in response to the macroeconomic environment, with most clients being reputable property developers, indicating no significant credit risk[66] - The company has not implemented any foreign currency or interest rate hedging policies but will consider appropriate hedging strategies if necessary[65] - The company has not engaged in the purchase, sale, or redemption of any listed securities during the period[69]

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 分 內 容 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。 | | | | | | | | | | | | | | | | | | | | （未 | 經 | 審 | 核） | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | | | | | | | | | | | 截 | 至9月30日 | | 止 | 六 | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不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。 ASIA ORIENT HOLDINGS LIMITED 滙漢控股有限公司** （於百慕達註冊成立之有限公司） （股份代號：214） 截至二零二五年九月三十日止六個月 中期業績公佈 | 財務摘要 | | | | | --- | --- | --- | --- | | （除另有註明外，金額以百萬港元列示） | | | | | | | 截至九月三十日止六個月 | | | | 二零二五年 | 二零二四年 | 變動 | | 收入 | 5,384 | 1,632 | +230% | | 股東應佔虧損 | (219 ) | ) (239 | -8% | | 每股虧損－基本 | 港元 (0.26 ) | 港元 (0.28 ) | -8% | | 股東應佔基礎利潤╱（虧損）* | 68 | ) (81 | 不適用 | | | 二零二五年 | 二零二五年 | | | | 九月三十日 | 三月三十一日 | | | 資產總值 ...

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 會 就 因 本 公 佈 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。 LEGENDARY EDUCATION GROUP LIMITED 傳承教育集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8195） 截 至 二 零 二 五 年 九 月 三 十 日 止 六 個 月 中 期 業 績 公 佈 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 瞭 解 投 資 於 該 等 公 司 的 潛 在 風 險，並 應 經 過 審 慎 周 詳 的 考 ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 5,340 million, representing a 237% increase compared to HKD 1,583 million in the same period of 2024[3] - Basic loss per share improved by 17% to HKD (0.24) from HKD (0.29) in the previous year[3] - The company reported a net loss before tax of HKD 309,632 for the six months ended September 30, 2025, compared to a loss of HKD 298,107 in the same period of 2024[10] - The company recorded a net financial investment loss of HKD 361 million for the period, compared to HKD 336 million in the previous year[27] - The total cost of properties sold and goods for the period was HKD 4.107 billion, significantly higher than HKD 484.81 million in the previous year[15] Asset and Liability Management - Total assets as of September 30, 2025, were HKD 27,370 million, down 11% from HKD 30,926 million as of March 31, 2025[3] - Net debt decreased by 14% to HKD 12,468 million from HKD 14,480 million[3] - The debt-to-revalued net asset ratio improved to 55% from 64%[3] - The company’s bank loans totaled HKD 14,744,259, reflecting a decrease from HKD 15,932,928 in the previous reporting period[11] - The company’s total liabilities included a net financing cost of HKD 273.98 million for the six months ended September 30, 2025, compared to HKD 313.54 million in 2024[16] Revenue Sources - Property sales contributed HKD 4,850,157 to the total revenue, while hotel operations generated HKD 183,150, both showing substantial increases compared to the previous year[12] - The contribution from property leasing was HKD 70,940, which increased from HKD 59,102 year-over-year[12] - Hotel revenue in Hong Kong grew by 16% to HKD 183 million, with an average occupancy rate of 98%[36] - The company’s interest income from listed investments was HKD 127.76 million for the six months ended September 30, 2025, compared to HKD 133.83 million in 2024[15] Market and Economic Outlook - The Hong Kong economy is projected to show an upward trend in 2025, with a GDP growth of 3.8% year-on-year in Q3, driven by strong exports and increased consumption[43] - The residential property market is experiencing robust growth, with transaction volumes rising due to low interest rates, pent-up demand, and new immigrants[45] - The luxury property market has rebounded strongly, supported by rising stock markets, lower financing costs, and government measures to attract talent and investment immigrants[45] - Positive signs of recovery are emerging in the office market, particularly in the Central district, with increased demand from wealth management firms and international financial institutions[46][47] Corporate Governance and Compliance - The company has adopted the standard code of conduct for securities transactions as per the Hong Kong Stock Exchange regulations, confirming compliance during the reporting period[50] - The company has complied with the corporate governance code, except for one instance where an independent non-executive director was unable to attend the annual general meeting due to other commitments[51] - The company is actively seeking a suitable candidate to fulfill the requirement for independent non-executive directors as per listing rules, with a recent appointment made effective from July 2, 2025[52] Strategic Focus - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming periods[5] - The company is actively restructuring projects to enhance efficiency and maximize value, including increasing saleable area[33] Shareholder Returns - The company did not recommend an interim dividend for the six months ended September 30, 2025, consistent with the previous year[18] - The board does not recommend the distribution of an interim dividend for the six months ending September 30, 2025[48] - The company did not repurchase any shares during the period and did not buy or sell any listed securities[49]

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，並明確表示概不就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。 CENTRAL DEVELOPMENT HOLDINGS LIMITED 中發展控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：475） 截至二零二五年九月三十日止六個月中期業績公告 中發展控股有限公司（「本公司」）之董事（「董事」）會（「董事會」）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 審核中期業績，該中期業績已經由本公司審核委員會審閱，其連同上一年度同期 之比較數字如下： | | | 於二零二五年 | 於二零二五年 | | --- | --- | --- | --- | | | | 九月三十日 | 三月三十一日 | | | 附註 | 千港元 | 千港元 | | | | （未經審核） | （經審核） | | 非流動資產 | | | | | 物業、廠房及設備 | 12 | 14,382 | 14,772 | | 使用權資產 | 12 | 7,42 ...

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。 ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED 阿里健康信息技術有限公司 （於百慕達註冊成立之有限公司） （股份代號：00241） 截至2025年9月30日止六個月 中期業績公告 阿里健康信息技術有限公司（「本公司」或「阿里健康」）董事（「董事」）會（「董事會」）欣然公 佈本公司及其附屬公司（統稱「本集團」）截至2025年9月30日止六個月（「報告期」）之未經 審核中期業績，連同去年同期（「同期」）的未經審核比較數字。本公司審核委員會已審閱 中期簡明綜合財務報表。 摘要 報告期內，本集團業務保持高質量穩健增長，總收入為16,697.1百萬元人民幣，同比增 長17.0%。淨利潤額為1,266.4百萬元人民幣，同比增長64.7%。淨利潤率由5.4%增長至 7.6%。調整後淨利潤額為1,356.3百萬元人民幣，同比增長38.7%。截至2025年9月30 日，我們運營 ...