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 ...

Financial Performance - Revenue for the first half of fiscal year 2026 was HKD 279,252,000, a decrease of HKD 81,200,000 or 22.5% compared to the first half of fiscal year 2025[7]. - Gross profit for the first half of fiscal year 2026 was HKD 122,222,000, down HKD 51,000,000 or 29.4%, with a gross margin of 43.8%, a decrease of 4.3 percentage points from 48.1% in the previous year[7]. - Net profit for the first half of fiscal year 2026 was HKD 5,990,000, compared to HKD 20,235,000 in the same period last year, primarily due to the decline in overall revenue[7]. - Media segment revenue for the first half of fiscal year 2026 was HKD 219,749,000, a decrease of 21.1% compared to HKD 278,618,000 in the same period of fiscal year 2025[16]. - Gross profit for the media segment fell to HKD 99,894,000, down 31.3% from HKD 145,439,000 year-over-year, with a gross margin decline from 52.2% to 45.5%[16][18]. - E-commerce and retail segment revenue decreased by 27.3% to HKD 59,503,000 from HKD 81,880,000, with gross profit down 19.6% to HKD 22,328,000[17][19]. - The overall gross profit for the group decreased by approximately 29.4% to HKD 122,200,000 from HKD 173,200,000, with a gross margin decline from 48.1% to 43.8%[21]. - Operating cash flow for the first half of fiscal year 2026 was a net outflow of HKD 10,040,000, compared to an inflow of HKD 22,635,000 in the same period of fiscal year 2025[25][26]. - Investment activities generated a net cash inflow of HKD 97,880,000 in the first half of fiscal year 2026, compared to a cash outflow of HKD 41,493,000 in the same period of fiscal year 2025[26]. Dividends - The company plans to pay an interim dividend of HKD 0.0018 per ordinary share and a special dividend of HKD 0.0029 per ordinary share for the first half of fiscal year 2026[3]. - The group declared a final dividend of HKD 0.0018 per share, totaling HKD 3,686,000, and an interim dividend of HKD 0.0018 per share, totaling HKD 3,664,413, along with a special dividend of HKD 0.0029 per share, totaling HKD 5,903,699[43]. - The company declared an interim dividend of HKD 0.0018 per share and a special dividend of HKD 0.0029 per share for the first half of the fiscal year 2026, compared to an interim dividend of HKD 0.00179 per share for the first half of fiscal year 2025[55]. Cost Management and Efficiency - The company is focusing on operational efficiency and profit growth through restructuring and cost management to ensure profitability across all divisions[8]. - Key initiatives include automating repetitive administrative tasks and enhancing product and service delivery processes to save time and costs[10]. - Sales and marketing expenses decreased by 22.5% to HKD 50,500,000 from HKD 65,200,000, maintaining a consistent percentage of revenue at 18.1%[22]. - Administrative and operating expenses were reduced by 18.1% to HKD 69,300,000 from HKD 84,600,000, with the percentage of revenue increasing from 23.5% to 24.8%[24]. - Cost-saving measures are expected to continue positively impacting the company's financial performance throughout the remaining fiscal period[23]. Strategic Focus and Growth - The company aims to deepen its understanding of the evolving needs and preferences of its community to open new growth avenues and strengthen its position in youth culture and fashion[13]. - The integration of media and e-commerce operations is expected to create a competitive advantage and enhance customer engagement through personalized content and product recommendations[14]. - Collaborations with influential partners and exploring culturally significant topics are part of the strategy to resonate with the target audience[15]. - The company is committed to maximizing profitability and strategically reinvesting in high-growth areas to support long-term sustainable growth[8]. - The company anticipates seasonal growth in the e-commerce and retail segment in the third quarter, driven by holiday demand and stronger product lines from key brands[19]. Assets and Liabilities - Non-current assets as of September 30, 2025, totaled HKD 108,103,000, an increase from HKD 103,380,000 as of March 31, 2025[28]. - Current assets increased to HKD 477,886,000 from HKD 458,886,000, reflecting a growth of 4.5%[28]. - The company's cash and cash equivalents rose to HKD 189,995,000, up from HKD 107,999,000, indicating a significant increase of 75.8%[28]. - Total liabilities increased to HKD 127,871,000 from HKD 120,771,000, a rise of 5.2%[28]. - The company's equity increased to HKD 450,921,000 from HKD 426,595,000, reflecting a growth of 5.7%[28]. Earnings and Share Performance - Basic earnings per share decreased to HKD 0.29 from HKD 0.99, representing a decline of 70.3%[27]. - Basic earnings per share for the six months ended September 30, 2025, was HK$0.29, compared to HK$0.99 for the same period in 2024, representing a decrease of approximately 70.3%[45]. - The company’s weighted average number of ordinary shares for basic earnings per share calculation was 2,035,758,000 for the six months ended September 30, 2025[45]. - The company repurchased a total of 14,795,200 shares at a total cost of approximately HKD 2,342,107.60 during the six months ending September 30, 2025[57]. - The highest repurchase price per share was HKD 0.170, while the lowest was HKD 0.134[57]. Compliance and Governance - The company confirmed compliance with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by the same individual[59]. - All directors confirmed full compliance with the trading standards for securities transactions during the six months ending September 30, 2025[60]. - The interim results and unaudited condensed consolidated financial information for the six months ending September 30, 2025, were reviewed by the audit committee[61]. - No significant events affecting the company's business operations occurred after September 30, 2025, up to the date of this announcement[62].

Financial Performance - The group recorded revenue of HKD 101,072,000 for the six months ended September 30, 2025, compared to HKD 20,940,000 in the same period of 2024, representing a significant increase of 383%[4] - The cost of sales was HKD 81,574,000, resulting in a gross profit of HKD 19,498,000, compared to a gross profit of HKD 10,915,000 in 2024[4] - The group reported a net loss attributable to equity holders of HKD 62,300,000, a decrease from HKD 176,184,000 in the previous year[3] - The group recorded operating loss of HKD 48,362,000, a significant improvement from HKD 206,526,000 in the previous year[4] - The total comprehensive loss for the period was HKD 35,851,000, compared to HKD 104,673,000 in the previous year[5] - The company reported a significant increase in cash reserves, which may support future investments and operational stability[6] - The group recorded a loss before tax of HKD 68,418,000, with the largest losses coming from property development (HKD 54,487,000) and other business segments[22] - The company reported a net loss of HKD 68,280,000 for the period, with a notable loss in property development[22] - The group’s attributable loss to equity holders was HKD 62,300,000, a reduction of approximately 64.6% compared to HKD 176,200,000 in 2024[45] Financial Position - The net cash received from the transfer of debt rights amounted to approximately HKD 103,000,000, strengthening the group's financial position[3] - The group had total cash reserves of HKD 490,200,000, including bond and securities investments of HKD 22,700,000, with no bank borrowings as of the report date[3] - The net asset value per share was HKD 1.22, while the loss per share was HKD 0.0265[3] - As of September 30, 2025, total assets amounted to HKD 3,320,952,000, a decrease from HKD 3,406,041,000 as of March 31, 2025, representing a decline of approximately 2.5%[6] - Non-current assets were valued at HKD 1,599,227,000, down from HKD 1,723,753,000, indicating a decrease of about 7.2%[6] - Current assets totaled HKD 1,864,090,000, slightly down from HKD 1,893,938,000, reflecting a decrease of approximately 1.6%[6] - Cash and bank balances increased to HKD 467,477,000 from HKD 367,783,000, showing a growth of about 27.1%[6] - Total liabilities decreased to HKD 418,230,000 from HKD 356,637,000, an increase of approximately 17.3%[7] - Shareholders' equity stood at HKD 2,987,811,000, compared to HKD 2,964,315,000, indicating a growth of about 0.8%[7] - As of September 30, 2025, the company's net asset value attributable to equity holders reached HKD 2,872,800,000, down from HKD 2,905,600,000 on March 31, 2025[64] Cash Flow and Liquidity - The company recorded a net cash position of HKD 431,000,000 as of September 30, 2025, compared to HKD 263,500,000 on March 31, 2025[65] - The company's cash and bank balances as of September 30, 2025, amounted to HKD 467,500,000, an increase from HKD 367,800,000 on March 31, 2025[65] - Approximately 70.4% of the company's cash, bank balances, bonds, and securities investments are denominated in HKD and USD, while 28.0% are in RMB[66] - The company has no bank borrowings as of the report date, having fully repaid its bank loans after September 30, 2025[65] Investments and Assets - The company holds a 61.15% stake in Profit Stability Investments Limited, a subsidiary registered in the British Virgin Islands[9] - The company has obtained a total asset value of approximately RMB 918.9 million (equivalent to about HKD 1,003.2 million) for its cemetery assets as of September 30, 2025, with approximately 2,490 burial plots and 520 niches available for sale[60] - The company recorded a pre-tax net income of HKD 3 million from investments during the period, including realized gains of HKD 90.3 million from the sale of investments[62] - The company’s investment properties experienced a fair value loss of HKD 5,627,000 during the period[22] - The fair value gain on financial assets for 2025 was HKD 2,468,000, a significant improvement from a loss of HKD 775,000 in 2024[25] Operational Highlights - The main business activities include property development, investment, hotel management, and cemetery operations[8] - The company’s operating segments include property development, securities investment, and other businesses, with a focus on resource allocation based on performance[21] - The total property sales amount was approximately HKD 83,100,000, with rental and management fee income of about HKD 11,300,000[44] - Selling and promotional expenses increased by approximately 34.2% to about HKD 16,100,000, primarily due to sales commissions recorded during the review period[43] Risk Management - The group continues to face various financial risks, including credit risk, liquidity risk, cash flow and fair value interest rate risk, foreign exchange risk, and price risk[14] - There have been no significant changes in cash outflows related to financial liabilities compared to the fiscal year ending March 31, 2025[15] - The group believes that the carrying amounts of financial assets and liabilities in the interim financial data are similar to their fair values[18] - There were no significant changes in the economic or market conditions affecting the fair value of the group's financial assets and liabilities as of September 30, 2025[18] Corporate Governance - The company has adhered to the corporate governance code and established an audit committee to oversee financial reporting and risk management[71] - The group adopted new accounting standards effective from April 1, 2025, but does not expect any significant impact on its financial performance or position[12] - As of September 30, 2025, the group assessed that the adoption of revised accounting standards would not result in any major changes to its accounting policies or presentation of financial data[13] Employee and Community Engagement - As of September 30, 2025, the company employed 69 staff members and provided various employee benefits, including discretionary bonuses and medical insurance[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（「聯 交 所」）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分內容而產生或因依賴該等內容而引致之任何損失承 擔 任 何 責 任。 MAN KING HOLDINGS LIMITED 萬景控股有限公司 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股 份 代 號：2193） 截至二零二五年九月三十日止六個月之 中期業績公佈 | 財務表現摘要 | | | | | | --- | --- | --- | --- | --- | | 收 | 益 | 190.8百萬港元 | | | | 本公司擁有人應佔溢利 | | 9.3百萬港元 | | | | 每股基本盈利 | | | 2.22港 | 仙 | | 本公司擁有人應佔每股權益 | | | 0.62港 | 元 | – 1 – 中期業績 萬 景 控 股 有 限 公 司（「本 公 司」）董 事（「董 事」）會（「董 事 會」）欣 然 公 佈 本 公 ...

Financial Performance - Total revenue for the six months ended September 30, 2025, was HKD 72,090,000, a decrease of 10.1% compared to HKD 80,713,000 for the same period in 2024[3] - Gross profit for the same period was HKD 21,775,000, down 8.1% from HKD 23,700,000 in 2024[3] - The net profit for the six months was HKD 5,058,000, representing an increase of 8.9% from HKD 4,644,000 in the previous year[3] - The gross profit margin improved to 30.2% from 29.3% year-on-year[3] - Basic earnings per share increased to HKD 0.59, up from HKD 0.54 in the same period last year[3] - Total comprehensive income for the period was HKD 4,416,000, down from HKD 4,947,000 in 2024[5] - The company reported a decrease in equipment rental revenue to HKD 52,422,000 from HKD 60,265,000, a decline of 13.0%[5] - Other income for the period was HKD 4,000, compared to HKD 1,801,000 in the previous year[5] Assets and Liabilities - As of September 30, 2025, total assets amounted to HKD 262,893,000, while total liabilities were HKD 74,130,000, resulting in a net asset value of HKD 232,427,000[7] - The company reported a decrease in current assets from HKD 169,173,000 to HKD 167,850,000, reflecting a decline of approximately 0.73%[6] - Current liabilities increased from HKD 31,920,000 to HKD 29,793,000, indicating a reduction of about 6.66%[6] - The company’s total equity decreased from HKD 234,059,000 to HKD 232,427,000, representing a decline of about 0.70%[7] - The company’s borrowings due within one year decreased from HKD 40,498,000 to HKD 31,681,000, a reduction of approximately 21.7%[6] - The company’s prepaid expenses and other receivables decreased from HKD 42,035,000 to HKD 38,086,000, reflecting a decline of about 9.5%[6] - The company’s total liabilities increased from HKD 80,301,000 to HKD 74,130,000, indicating a decrease of approximately 7.7%[6] - The company’s total non-current assets increased from HKD 153,584,000 to HKD 148,767,000, a decline of about 3.7%[6] Revenue Breakdown - For the six months ending September 30, 2025, the group's revenue from normal business activities was HKD 67,867,000[12] - For the six months ending September 30, 2024, the group's revenue was HKD 77,087,000, indicating a decrease of approximately 11.8% year-over-year[14] - Equipment rental income for the six months ending September 30, 2025, was HKD 52,422,000, while for the same period in 2024, it was HKD 60,265,000, reflecting a decline of about 13.5%[12][14] - The revenue from machinery and spare parts sales for the six months ending September 30, 2025, was HKD 4,223,000, compared to HKD 3,626,000 in 2024, showing an increase of approximately 16.5%[12][14] - The operational service income for the six months ending September 30, 2025, was HKD 10,673,000, while in 2024, it was HKD 12,434,000, representing a decrease of about 14.2%[12][14] Market Performance - The geographical market revenue from Hong Kong for the six months ending September 30, 2025, was HKD 60,444,000, while in 2024, it was HKD 67,912,000, reflecting a decrease of about 11%[12][14] - The revenue from Macau for the six months ending September 30, 2025, was HKD 1,449,000, compared to HKD 2,591,000 in 2024, indicating a decline of approximately 44%[12][14] - The revenue from Singapore for the six months ending September 30, 2025, was HKD 5,972,000, while in 2024, it was HKD 6,578,000, showing a decrease of about 9.2%[12][14] Profitability and Expenses - The group's consolidated profit before tax for the six months ending September 30, 2025, was HKD 6,011,000, compared to HKD 5,400,000 for the same period in 2024, indicating an increase of approximately 11.3%[15] - The leasing segment's profit was HKD 21,083,000, while the trading segment reported a profit of HKD 582,000 for the six months ending September 30, 2025[15] - The trading segment's performance was impacted by a loss of HKD 598,000 for the six months ending September 30, 2025, compared to a profit in the previous year[15] - The company reported a net loss from foreign exchange of HKD (564) million for the six months ended September 30, 2025, compared to a gain of HKD 248 million in 2024[21] - Total financing costs for the six months ended September 30, 2025, amounted to HKD 971 million, slightly up from HKD 898 million in 2024[22] Dividends - The company declared an interim dividend of HKD 0.23 per share, compared to HKD 0.16 per share in 2024[3] - The company declared a final dividend of HK$0.70 per share for the year ending March 31, 2025, totaling approximately HK$6,048,000, compared to HK$0.60 per share and HK$5,184,000 for the previous year[29] Employee and Operational Metrics - As of September 30, 2025, the group had 121 employees, a decrease from 129 employees as of March 31, 2025, with 110 located in Hong Kong[76] - Total employee costs for the first half of 2026 were approximately HKD 29.9 million, down from approximately HKD 31.8 million in the first half of 2025, primarily due to a reduction in operational employee costs[76] Future Outlook - The company plans to continue its investment in new technologies and market expansion strategies to drive future growth[20] - The company anticipates continued challenges in the market, particularly in the Macau region, which may affect future revenue growth[18] - The company will implement strict cost control measures and enhance profitability by selling underutilized rental equipment in the second half of 2026[44] - The company plans to focus on major projects in Hong Kong and Singapore, including the demand for rental equipment related to the "green concept" solutions and large events in Hong Kong[44]

Financial Performance - Revenue for the six months ended September 30, 2025, decreased by 49.7% to HKD 77.9 million from HKD 154.9 million for the same period in 2024[2] - Gross profit for the six months ended September 30, 2025, fell by 63.5% to HKD 19.0 million, with a gross margin decrease of 9.2 percentage points to 24.4%[2] - Profit attributable to equity holders for the six months ended September 30, 2025, decreased by 79.5% to HKD 4.7 million, with a profit margin decline of 8.8 percentage points to 6.0%[2] - Earnings per share for the six months ended September 30, 2025, was HKD 0.4, down from HKD 1.8 for the same period in 2024[2] - The company reported revenue of HKD 77,885 thousand for the six months ended September 30, 2025, compared to HKD 154,860 thousand for the same period in 2024, indicating a decline of approximately 49.7%[15] - The company’s total revenue for the six months ended September 30, 2025, was HKD 77,885 thousand, down from HKD 154,860 thousand in 2024, reflecting an overall decline of approximately 49.7%[15] - For the six months ended September 30, 2025, the total expenses amounted to HKD 79,617,000, compared to HKD 132,634,000 for the same period in 2024, representing a decrease of approximately 40%[18] - The income tax expense for the six months ended September 30, 2025, was HKD 1,208,000, a significant decrease from HKD 6,679,000 in the same period of 2024, indicating a reduction of about 82%[20] - Basic earnings per share for the six months ended September 30, 2025, were HKD 0.4, down from HKD 1.8 in the same period of 2024, reflecting a decline of approximately 78%[22] - The company reported a net profit attributable to shareholders of HKD 22,946,000 for the six months ended September 30, 2025, compared to HKD 4,745,000 in 2024, showing an increase of about 384%[22] Assets and Liabilities - Total assets decreased from HKD 496,167 thousand as of March 31, 2025, to HKD 468,236 thousand as of September 30, 2025, representing a decline of approximately 5.6%[5] - Current assets increased significantly from HKD 317,258 thousand to HKD 266,298 thousand, a decrease of about 16.1%[5] - Total liabilities rose from HKD 42,871 thousand to HKD 52,714 thousand, indicating an increase of approximately 23.1%[7] - The company's equity decreased from HKD 454,331 thousand to HKD 415,522 thousand, reflecting a decline of about 8.5%[7] - Cash and cash equivalents decreased from HKD 317,258 thousand to HKD 266,298 thousand, a reduction of approximately 16.1%[5] - Trade payables increased from HKD 18,161 thousand to HKD 28,877 thousand, showing an increase of about 59.0%[7] - The company reported a significant increase in inventories from HKD 22,888 thousand to HKD 29,327 thousand, an increase of approximately 28.1%[5] - Deferred tax liabilities decreased from HKD 9,244 thousand to HKD 8,410 thousand, a decline of about 9.0%[7] - The total equity attributable to owners remained stable at HKD 12,786 thousand[5] - The company’s total liabilities and equity amounted to HKD 468,236 thousand as of September 30, 2025[7] Revenue Sources - Revenue from personal care appliances was HKD 75,852 thousand for the six months ended September 30, 2025, down from HKD 151,411 thousand in the previous year, reflecting a decrease of about 50%[15] - Revenue by geographical location showed that the United States generated HKD 35,796 thousand in the six months ended September 30, 2025, compared to HKD 66,851 thousand in 2024, a decline of approximately 46.5%[16] - Revenue from Japan was HKD 27,746 thousand for the six months ended September 30, 2025, down from HKD 72,703 thousand in the previous year, representing a decrease of about 61.9%[16] - The company’s other major revenue source, categorized as "Others," generated HKD 2,033 thousand for the six months ended September 30, 2025, compared to HKD 3,449 thousand in 2024, a decrease of approximately 41.1%[15] - The company’s revenue from Europe was HKD 8,419 thousand for the six months ended September 30, 2025, compared to HKD 7,626 thousand in the previous year, indicating an increase of about 10.4%[16] Operational Strategy - The company continues to focus on the design, development, and manufacturing of personal care and lifestyle appliances as its core business strategy[14] - The company operates primarily under an Original Design Manufacturer (ODM) model, focusing on the design, development, and manufacturing of personal care and lifestyle electronic products[27] - The company is also committed to developing and selling its own brand products under an Original Brand Manufacturer (OBM) model[27] - The company faced significant pressure to reduce product prices due to intense internal market competition and strong demands from customers[28] - The company’s hair care product sales and average selling prices have decreased compared to the previous year, influenced by trade tariffs imposed by the U.S. on Chinese imports[29] - A major U.S. customer adopted a conservative purchasing strategy, leading to a significant decline in sales of hair care products to that customer[29] - A key Japanese customer did not place orders for a major hair dryer model due to the introduction of a new model in the Japanese market[29] - The company is actively expanding into new geographical markets and has successfully developed two new customers, with sales expected to begin in the second half of the 2026 fiscal year[33] - The company plans to enhance operational resilience by promoting production automation and standardization measures to reduce labor costs[34] - The company is committed to enhancing the competitiveness of its high-quality products and strengthening its R&D capabilities to expand market share[35] Shareholder Information - As of September 30, 2025, Ace Champion Inc. holds 468,750,000 shares, representing approximately 36.67% of the company's issued share capital[58] - The beneficial ownership of Ace Champion Inc. is entirely held by Mr. Li Shuye, who is deemed to have an interest in the shares[58] - The total number of shares held by major shareholders includes 468,750,000 shares, which corresponds to a 36.67% ownership[61] - Ms. Xue Keyun also holds 468,750,000 shares, indicating a 36.67% beneficial interest[61] - Ms. Chen Panpan holds 471,565,000 shares, representing approximately 36.88% of the company's shares[61] - Mr. Lu Jianquan has a beneficial interest in 468,750,000 shares, equivalent to 36.67%[61] - The company has disclosed no additional interests or holdings by directors or senior management beyond those mentioned[59] - The beneficial ownership structure indicates significant concentration among a few key individuals and entities[60] Corporate Governance - The company has maintained compliance with all corporate governance codes during the reporting period, except for disclosed deviations[65] - The company has adopted a share option scheme to reward employees and directors for their contributions since August 21, 2020, but has not granted any options under this scheme as of September 30, 2025[70] - The company confirms that there have been no changes in director information that require disclosure under the listing rules during the reporting period[71] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[72] - The company has maintained the required public float as per the listing rules throughout the reporting period[74] - The company emphasizes that any forward-looking statements made cannot be guaranteed to be achieved or realized[76] - The company has established an audit committee consisting of three independent non-executive directors, ensuring compliance with listing rules and corporate governance standards[77] - The audit committee has reviewed the interim financial statements and confirmed they meet applicable accounting standards and listing rules[77] - The board expresses gratitude to shareholders, investors, employees, and business partners for their ongoing support[78]