Financial Performance - The Group achieved a revenue growth of 146.4% to approximately HK$566.2 million for the year ended June 30, 2025, compared to approximately HK$229.8 million in the previous year[14]. - Gross profit surged by approximately 106.3% to approximately HK$273.2 million, up from approximately HK$132.4 million in the previous year[14]. - Revenue from gaming operations surged by 200.0%, rising from approximately HK$170.0 million to approximately HK$509.9 million[34]. - The Group reported a gross profit of approximately HK$273.2 million, compared to approximately HK$132.4 million in the Previous Year, with a gross profit margin of approximately 48.3%[35]. - Other income for the Year was approximately HK$44.3 million, representing an increase of approximately 147.3% compared to approximately HK$17.9 million in the Previous Year[39]. - The Group recorded a net loss of approximately HK$82.6 million for the Year, a significant increase from approximately HK$15.5 million in the Previous Year, primarily due to a one-off write-off of property, plant, and equipment[40]. - Selling and marketing expenses increased by approximately 1,665.3% to approximately HK$74.5 million, up from approximately HK$4.2 million in the Previous Year, due to higher costs for marketing campaigns[45]. - The Group recorded a net loss of approximately HK$282.1 million for the Year, compared to a loss of approximately HK$132.0 million in the Previous Year, with a loss per share of approximately 20.61 HK cents, up from 9.64 HK cents[50][55]. - General and administrative expenses increased by approximately 59.6% to approximately HK$326.6 million, with staff costs rising by around 77.6% to approximately HK$152.9 million due to recruitment for casino operations[48][51]. - Finance costs for the Year amounted to approximately HK$91.8 million, an increase of approximately 30.0% from approximately HK$70.6 million in the Previous Year, primarily due to new bank borrowings[49][52]. Market and Industry Outlook - The Philippines' gross gaming revenue increased by 26% year-on-year to PHP214.8 billion in the first half of 2025, according to PAGCOR data[17]. - The World Travel & Tourism Council projects that the tourism sector will contribute PHP5.9 trillion to the Philippine economy in 2025, representing 21% of the national GDP[17]. - The Philippine casino gambling market is projected to reach USD3,749.4 million by 2033, growing at a compound annual growth rate of 9.2% from 2023 to 2033[32]. - The tourism sector in the Philippines is projected to generate PHP2.7 trillion for the economy in 2025, compared to PHP2.35 trillion in 2024[33]. - The Philippines' exit from the FATF Grey List in 2025 has enhanced investor confidence and is expected to signal a transformative outlook for the gaming industry[17]. - The company is strategically positioned to capitalize on favorable conditions in Asia's dynamic gaming and entertainment market[18]. - The government’s proactive policies, including streamlined regulations and investment incentives, foster a secure and dynamic business environment for the gaming industry[16]. - The company’s long-term growth strategy aligns with the government's vision to establish the Philippines as a leading global destination[18]. Investments and Financing - The Group is required to commit a total investment of no less than USD1.0 billion (approximately HK$7.82 billion) for the establishment and operation of the Casino and a Group hotel in Manila City[69]. - The Group has been granted a provisional license to establish and operate a casino, with a total investment commitment of no less than USD 1.0 billion and up to USD 1.2 billion[71]. - A bank loan of approximately HK$393.1 million was obtained for establishing and operating a casino, with an interest rate of 3.75% per annum[91]. - The Group plans to explore various financing methods, including bank borrowing and equity financing, to support business expansion and maintain liquidity[74]. - Unutilized net proceeds from a previous placing agreement, amounting to approximately HK$117.4 million, will be reallocated to the construction contract payment, expected to be fully utilized by the end of 2025[84]. - Approximately HK$150,000,000 is allocated for hotel renovations, while HK$100,000,000 is designated for the development of new hotel land, including construction of parking facilities[86]. Operational Challenges - The transition to managing its own casino led to a greater net loss of HKD 282.1 million due to higher operating costs, including increased staff costs and marketing expenses[23]. - The Group's hotel operation revenue decreased by 6.1% to approximately HK$56.2 million due to the temporary closure of certain hotel rooms for renovation[34]. - The Group continues to face significant risks and uncertainties from market competition and regulatory changes affecting its casino and hotel operations[105][106]. - The company faces significant risks due to intense market competition and potential regulatory changes affecting its operations[99][100]. - Uncertainties exist regarding tax disputes between certain subsidiaries operating in the Philippines and the Bureau of Internal Revenue[101]. Shareholder Information - The Group did not recommend the payment of any dividend for the year, consistent with the previous year[122]. - The distributable reserves available for distribution to shareholders as of June 30, 2025, amounted to approximately HK$1,249.3 million, an increase from HK$979.9 million in 2024[168][176]. - The total number of shares in issue as of June 30, 2025, is 1,369,157,235[189]. - The Company has not been notified of any interests or short positions in shares that would require disclosure under the SFO provisions as of June 30, 2025[194]. - The interests of Glorious Future Fund SPC and AG Investment Management Company Limited are also linked to the shares held by Excite Opportunity Fund L.P.[199]. - The Company’s share capital structure indicates significant concentration of ownership among a few substantial shareholders[191].

Financial Performance - The total revenue for the fiscal year ending June 30, 2025, was approximately HKD 578.82 million, a decrease of 27.3% compared to HKD 795.70 million in the previous year[6]. - The loss attributable to the company's owners for the fiscal year was approximately HKD 142.31 million, compared to a loss of HKD 88.52 million in the previous year, resulting in a loss per share of HKD 1.20[6]. - Revenue from the wire and cable business was approximately HKD 187.09 million, down 24.6% from HKD 248.14 million in the previous year, accounting for 32.3% of total revenue[7]. - Revenue from the copper rod business was approximately HKD 376.94 million, a decrease of 29.8% from HKD 537.06 million in the previous year, representing 65.1% of total revenue[7]. - Rental income increased by 40.8% to approximately HKD 14.79 million from HKD 10.50 million in the previous year, accounting for 2.6% of total revenue[12]. - Revenue from the Americas decreased by 10.9% to approximately HKD 27.11 million, while revenue from mainland China and Hong Kong fell by 31.5% to approximately HKD 472.63 million, representing 81.6% of total revenue[8]. Business Strategy and Operations - The company is focusing on maintaining compliance with mining rights in Mongolia and has not initiated large-scale capital investments due to economic volatility and regulatory risks[15]. - The company plans to adjust its market strategy for the copper rod business in response to changes in copper prices and the operating environment[11]. - The group will focus on its core business, consolidating its traditional advantages in power and appliance cables while actively expanding into electric vehicle, robotics, and new energy application cable sectors[16]. - The company plans to enhance its core competitiveness by strengthening its technical team and increasing investment in independent research and development[16]. - Future strategies include optimizing and integrating existing businesses, actively seeking potential business partners, and exploring new business opportunities with growth potential[16]. - The company aims to leverage opportunities in new energy and smart development while maintaining its traditional advantages to create new growth points[16]. - The group will implement a major customer strategy to deepen cooperation with core customers and explore industry transformation paths together[16]. - The company will optimize its management system and improve operational efficiency through lean management to reduce resource waste[16]. Financial Position and Assets - The company recorded a net current liability of approximately HKD 46,000,000 as of June 30, 2024, and is pursuing various avenues to improve its financial position, including the sale of non-core assets[53]. - The estimated cost for the construction of the second phase of the industrial complex is approximately RMB 260,000,000, which poses a financial burden on the company[54]. - The net proceeds from the sale of the property amounted to approximately RMB 68,500,000 (equivalent to HKD 75,350,000) after deducting transaction costs[60]. - RMB 60,000,000 of the proceeds will be used to repay bank loans maturing in April and August 2025, while RMB 8,500,000 will be allocated for general operating funds[60]. - The company has a cash and bank balance of approximately HKD 109,000,000 as of June 30, 2025, compared to HKD 103,000,000 as of June 30, 2024[77]. - The company's capital debt ratio is 0.29 as of June 30, 2025, down from 0.33 as of June 30, 2024, indicating improved financial stability[77]. Risk Management - The group has identified key risks and uncertainties that may directly or indirectly affect its financial condition and operational performance[28]. - The mining business is primarily concentrated in Mongolia, with no large-scale capital investments planned due to market uncertainties[29]. - The group will continue to monitor foreign exchange risks, particularly fluctuations in the Renminbi exchange rate, as most of its business is located in China[30]. - The board ensures robust risk management and internal controls to protect shareholder investments and company assets, reviewing the effectiveness of these systems annually or as needed[199]. - The company has established a risk management framework involving the board, audit committee, and senior management to oversee risk management and internal control systems[200]. - An external independent consultant was hired to review the effectiveness of the risk management and internal control systems in financial, operational, and compliance matters[200]. Corporate Governance - The company has maintained a commitment to corporate governance principles and has adhered to all applicable codes, with some deviations noted[147][150]. - The company’s board consists of seven members, including three executive directors and four independent non-executive directors[163]. - The board is responsible for strategic policy formulation and oversight of management, including monitoring significant transactions[164]. - The chairman and CEO roles are currently held by the same individual, Mr. Zhou, which is noted as a deviation from governance code C.2.1[159]. - The board will continue to review its governance structure to assess the need for separating the roles of chairman and CEO[160]. - The audit committee conducted four meetings in the same fiscal year, with all members present, and reviewed the financial statements ensuring compliance with applicable accounting standards[178]. - The company has implemented a board independence assessment mechanism to ensure independent viewpoints and improve board performance[174][175]. - All independent non-executive directors confirmed their independence in accordance with listing rules[165]. Share Options and Employee Incentives - The company has adopted a share option scheme to reward eligible individuals, including directors and qualified employees, for their contributions[136]. - The total number of shares available for issuance under the stock option plan as of June 30, 2025, is 22,562,661, which is about 19.004% of the total issued shares[120]. - The stock option plan aims to incentivize qualified participants for their contributions to the group's benefits[102]. - The company has received approval from the stock exchange for the listing and trading of shares to be issued upon the exercise of stock options[101]. - The total number of stock options granted under the plan is 11,870,000, with 10,690,000 remaining unexercised after accounting for the lapsed options[114]. Employee and Management Information - The company employed approximately 350 employees as of June 30, 2025, consistent with the previous year[134]. - The company provides continuous professional development for all directors, covering business changes and legal updates[167]. - The Remuneration Committee reviewed the compensation packages for all executive directors and senior management, with no stock options granted under the stock option plan for the year ending June 30, 2025[188]. - The Company Secretary attended multiple professional seminars to update skills and knowledge, ensuring compliance with listing rules by participating in at least 15 hours of relevant professional training[196].

Financial Performance - For the nine months ended September 30, 2025, the company reported total revenue of RMB 3,724.6 million, representing a year-on-year increase of 13.6% compared to RMB 3,278.9 million in 2024[4] - Net profit for the same period was RMB 183.8 million, a significant increase of 72.6% from RMB 106.5 million in 2024[4] - Adjusted net profit reached RMB 216.1 million, up 45.7% from RMB 148.3 million in the previous year[4] Business Growth - The company's F-end and B-end corporate health management business revenue grew by 21.5% year-on-year, with over 4,500 corporate clients served by the end of the reporting period[5] - The number of B-end paying users increased by 30.6% compared to the same period last year[5] - Home elderly care service users increased by 41% compared to the end of 2024, reflecting the company's focus on integrated health services[5] User Experience and Service Improvement - The company’s family doctor service covered over 40 million users by the end of the reporting period, enhancing user experience through AI and medical data capabilities[5] - The accuracy of complex disease MDT treatment plans improved to nearly 90%, while the average service cost per family doctor user decreased by approximately 52% year-on-year[5] Future Plans and Considerations - The company plans to continue strengthening collaboration with Ping An Group and enhance digital and AI capabilities to improve user satisfaction and service efficiency[6] - The financial data presented is unaudited and subject to change, as it is based on preliminary internal reviews by the board of directors[6]

Financial Performance - For the fiscal year ended June 30, 2025, the Group reported revenue of approximately S$23.0 million, a gross profit of approximately S$9.2 million, and a loss before taxation of approximately S$13.5 million[12]. - The Group's revenue for the Review Year was approximately S$23.0 million, representing an increase of approximately S$4.5 million, or 24.6%, compared to approximately S$18.4 million for the year ended June 30, 2024[43]. - Revenue from integrated designs and building services was approximately S$20.5 million, an increase of approximately S$4.4 million, or 27.0%, compared to approximately S$16.1 million for the year ended June 30, 2024[44]. - Revenue from trading of derivatives and asset management services was approximately S$1.4 million, representing an increase of approximately S$0.5 million, or 48.4%, compared to approximately S$1.0 million for the year ended June 30, 2024[47]. - The Group's gross profit was approximately S$9.2 million for the Review Year, with a gross profit margin of approximately 39.9%, down from 47.9% in the previous year[48]. - Administrative expenses increased by approximately S$0.5 million or 2.2% to approximately S$23.0 million, which was 100.0% of the revenue for the Review Year[54]. - The Group recorded a loss of approximately S$13.6 million for the Review Year, compared to a loss of approximately S$12.6 million for the year ended June 30, 2024[56]. - The Group's other income was approximately S$0.4 million, or 1.8% of revenue for the Review Year, down from 3.1% in the previous year[49]. - The Group has not generated any revenue from virtual assets custodian solutions services for the Review Year, compared to S$0.3 million in the previous year[46]. Market Position and Strategy - The Group aims to strengthen its market position in the medical and healthcare construction sectors in Singapore and diversify into financial technology (FinTech) areas[13]. - The Group is cautiously optimistic about the economic prospects in 2025, despite external uncertainties affecting the market[15]. - The development of the FinTech service platform and potential acquisitions are seen as opportunities to diversify revenue sources for the Group[18]. - The Group aims to maintain its market position in the medical and healthcare construction sectors despite competitive pressures and rising costs[33]. - The Group anticipates that the evolving financial landscape and increasing interest in virtual assets will create more investment opportunities for users[34]. - The Group aims to expand its participation in trading various financial instruments and increase the scale of assets under management[39]. FinTech Development - The Group has established a competent FinTech team focused on developing trading systems, custody infrastructure, and risk management, and has obtained regulatory licenses for virtual asset trading in Hong Kong[14]. - The Group has developed a user-centric FinTech trading service platform, focusing on compliance and user experience, to cater to global users interested in various asset classes[28]. - On June 17, 2025, the Group obtained virtual asset trading platform operator licenses from the Securities and Futures Commission, emphasizing its commitment to regulatory compliance[29]. - The Group is preparing a new platform to facilitate the sale of hashrate for cryptocurrency mining equipment owners, aiming to capitalize on the growing virtual asset market[33]. - The Group has adopted a prudent financial management approach, maintaining a healthy financial position throughout the Review Year[75][78]. Governance and Management - The Company is committed to high standards of corporate governance, adopting all mandatory disclosure requirements and code provisions in the Corporate Governance Code[152]. - The Board currently comprises three executive directors, two non-executive directors, and four independent non-executive directors, ensuring a diverse range of experience and professionalism[163]. - The Company has established a clear process for the appointment and re-election of directors, enhancing corporate governance[175]. - The independent non-executive directors contribute positively to the company's strategy and policies through informed comments[169]. - The Company adheres to the Corporate Governance Code in its committee structures and operations[197]. Human Resources - The Group employed a total of 113 full-time employees as of June 30, 2025, down from 149 in 2024, with total staff costs amounting to approximately S$20.7 million[89]. - The Group's employee performance is reviewed annually to attract and retain valuable employees, with potential salary increases and discretionary bonuses based on individual performance[92]. - Continuous professional development activities were recorded for Directors, including training and seminars on corporate governance[181]. Financial Position - As of June 30, 2025, total shareholders' funds decreased to approximately S$13.0 million from approximately S$26.8 million as of June 30, 2024[61][67]. - Current assets as of June 30, 2025, were approximately S$36.9 million, down from S$49.9 million in 2024, while current liabilities decreased to S$18.2 million from S$30.1 million, resulting in a current ratio of 2.0 compared to 1.7 in 2024[62][68]. - The gearing ratio increased significantly to 31.2% as of June 30, 2025, from 1.2% in 2024, primarily due to new interest-bearing borrowings from a controlling shareholder[63][68]. - Cash and cash equivalents increased to approximately S$18.5 million as of June 30, 2025, compared to S$15.7 million in 2024[66][71]. Shareholder and Investment Activities - The net proceeds from the Listing were approximately HK$74.0 million, intended for various applications including property acquisition and manpower strengthening[94]. - By June 30, 2025, HK$29.623 million of the planned HK$34 million for property acquisition had been utilized, leaving a balance of HK$4.377 million[97]. - The 2023 Placing generated gross proceeds of approximately HK$94.50 million, with net proceeds of approximately HK$93.56 million, fully utilized by June 30, 2025[98]. - The 2024 Placing raised gross proceeds of HK$51.10 million and net proceeds of approximately HK$50.59 million, also fully utilized by June 30, 2025[100]. - The Convertible Bond issuance resulted in gross proceeds of HK$26 million and net proceeds of approximately HK$25.8 million, with intended uses including 80% for Fintech Platform development[104].

Financial Performance - The company reported a net profit attributable to shareholders of HKD 243,862,000 for the fiscal year ending June 30, 2025, down from HKD 390,031,000 in the previous fiscal year, representing a decrease of approximately 37.5%[12] - The total net profit attributable to the company's associates, including Mount Gibson, Tanami Gold, Metals X, Long Resources, and Prodigy Gold, was HKD 38,097,000 for the fiscal year, slightly down from HKD 38,101,000 in the previous year[13] - The company plans to distribute a final dividend of HKD 0.11 per share, reflecting its commitment to shareholder returns amidst changing market conditions[10] - As of June 30, 2025, the company's distributable reserves amounted to HKD 678,730,000, a decrease of 36% from HKD 1,058,322,000 in 2024[90] - The company proposed a final dividend of HKD 0.11 per share for the year ending June 30, 2025, compared to HKD 0.10 for the previous year, pending shareholder approval[80] Investment and Portfolio Performance - The resource investment segment generated a segment profit of HKD 342,743,000, contributing significantly to the overall profit[12] - The company emphasizes a diversified investment portfolio and a rigorous investment approach to navigate uncertainties and seize emerging opportunities[9] - The small-cap mining investment portfolio achieved a return of 751% over 8.75 years, significantly outperforming the benchmark return of 27%[27] - The small-cap mining portfolio's cumulative performance reached 750.8% compared to the benchmark's 27.2% as of June 30, 2025[29] - The energy investment portfolio generated a 140% return from February 2020 to August 2025, following an expansion into renewable energy investments[32] Market Conditions and Economic Outlook - The company remains optimistic about the long-term outlook for commodities, driven by global green energy transitions and increasing demand for critical mineral resources[9] - The geopolitical tensions, particularly the ongoing Russia-Ukraine conflict, continue to impact global supply chains and energy pricing, which the company is monitoring closely[9] - The company acknowledges the uncertain economic growth prospects in China, with GDP growth at 5.1% in Q2 2025, and the potential risks associated with ongoing trade tensions with the U.S.[8] Operational Performance - Mount Gibson recorded a net loss after tax of AUD 82.2 million for the fiscal year 2025, despite selling 2.6 million tons of iron ore[15] - The sales guidance for the fiscal year ending June 30, 2026, is set between 3 million tons and 3.2 million tons[16] - Mount Gibson's cash and investment reserves were AUD 484.6 million at the end of the fiscal year 2025[16] - The company plans to improve production following the completion of the Koolan Island restart project, which has a reserve of 21 million tons of iron ore at 65.5% grade[15] - Mount Gibson's operational costs and production were slightly below the fiscal year 2025 guidance due to temporary shutdowns and weather-related interruptions[15] Risk Management and Governance - The company has established a comprehensive risk management framework to address market, credit, and liquidity risks[51][52] - The company is committed to regularly reviewing its investment strategy to mitigate risks associated with market fluctuations[59] - The company has established appropriate liability insurance for directors facing potential legal actions[104] - The company has a strong management team with extensive experience in resource investment and financial management[74][75] Corporate Governance - The board consists of seven members, including one executive director, three non-executive directors, and three independent non-executive directors[130] - The board held a total of 8 meetings during the fiscal year ending June 30, 2025, with all executive directors attending every meeting[131] - The board has established a whistleblower policy to allow employees and business associates to report potential misconduct confidentially[162] - The company has implemented a mechanism for directors to seek independent professional advice at the company's expense[133] Shareholder Information - Major shareholders include Union Group with 52.42% ownership, holding 666,802,851 shares and 71,794,303 warrants[106] - The top five customers accounted for 89% of the group's revenue, with the largest customer contributing approximately 42%[110] - The only supplier accounted for 100% of the group's procurement amount[111] Financial Position - The group's non-current assets amounted to HKD 1,563,400,000 as of June 30, 2025, compared to HKD 1,633,082,000 as of June 30, 2024, while current assets net value increased to HKD 2,467,308,000[47] - The group's borrowings (excluding lease liabilities) increased to HKD 468,457,000 as of June 30, 2025, from HKD 280,105,000 as of June 30, 2024[47] - The total fees paid or payable to the external auditor for the year ending June 30, 2025, amounted to HKD 1,610,000, including HKD 1,230,000 for audit services and HKD 380,000 for non-audit services[163] Employee and Director Information - Total employee count as of June 30, 2025, is 16, down from 25 in the previous year, with total compensation and pension contributions amounting to HKD 47,550,000, an increase from HKD 36,344,000 in the previous fiscal year[50] - The company has adopted a compensation model for directors based on their roles, responsibilities, and current market conditions[113] - The company has no arrangements for directors to gain benefits through the purchase of shares or securities of the company[96]

National United Resources Holdings Limited 國家聯合資源控股有限公司 ( Incorporated in Hong Kong with limited liability ) (於香港註冊成立的有限公司) Stock Code 股份代號 : 254 2025 Annual Report 年 報 National United Resources Holdings Limited 國家聯合資源控股有 限公司 2025 Annual Report 年報 Contents 目錄 Page 頁次 | Contents | 目錄 | 1 | | --- | --- | --- | | Corporate Information | 公司資料 | 2 | | Chairman's Statement | 主席報告 | 4 | | Management Discussion and Analysis | 管理層討論與分析 | 6 | | Directors' Biographies | 董事履歷 | 24 | | Directors' Report | 董事會報告 | 27 | | ...

遠見控股有限公司 （於開曼群島註冊成立之有限公司） 股份代號：862 年報 2025 Vision Values Holdings Limited Stock Code: 862 (Incorporated in the Cayman Islands with limited liability) ANNUAL REPORT 2025 年報 ANNUAL REPORT 2025 ai176034649625_862 VISION VALUES 2025AR-Cover-v1.0-output-12.6mm.pdf 4 13/10/2025 17:08:16 目 錄 | 02 | 公司資料 | | --- | --- | | 03 | 主席報告 | | 08 | 企業管治報告 | | 20 | 董事簡歷 | | 22 | 董事會報告 | | 32 | 獨立核數師報告 | | 37 | 財務報表 | | 107 | 五年財務概要 | | 108 | 投資物業一覽表 | 公司資料 董事會 執行董事 魯連城先生 （主席） 何厚鏘先生 翁綺慧女士 魯士奇先生 魯士偉先生 魯士中先生 獨立非執行董事 徐慶全先生 太平紳士 ...

Financial Services - The financial services agreement established by the company's wholly-owned subsidiary is expected to generate additional revenue from related transaction services and related margin loans[3] - The annual cap for related transaction services and the maximum daily outstanding balance for related margin loans is set at HKD 30,000,000 and HKD 116,000,000 respectively for the three years ending December 31, 2024[4] - Total revenue from related transaction services charged to related parties is approximately HKD 118,000 for the year ending December 31, 2024[4] Share Option Scheme - The number of shares available for issuance under the share option scheme is 467,204,922 shares as of January 1, 2024, representing about 7.54% of the total issued shares[5] - As of the report date, the number of shares available for issuance under the share option scheme is 481,704,922 shares, accounting for approximately 7.77% of the total issued shares[5]

Financial Performance - Operating revenue for the third quarter was RMB 19,362,301 thousand, a decrease of 13.8% compared to the same period last year[7] - Net profit attributable to shareholders of the listed company reached RMB 30,595 thousand, an increase of 361.67% year-on-year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 45,426 thousand, up 233.23% from the previous year[7] - Net profit for the first three quarters of 2025 was a loss of CNY 429,121, compared to a profit of CNY 39,916 in the same period of 2024[20] - The total comprehensive income for the first three quarters of 2025 was -441,723 thousand RMB, compared to 48,476 thousand RMB in the same period of 2024, indicating a significant decline[21] - The basic and diluted earnings per share for the first three quarters of 2025 were both -0.041 RMB, compared to 0.003 RMB in 2024, reflecting a negative performance shift[21] Cash Flow - Net cash flow from operating activities was RMB 1,887,979 thousand, down 81.28% compared to the same period last year[7] - The net cash flow from operating activities for the first three quarters of 2025 was 2,666,922 thousand RMB, down from 10,425,601 thousand RMB in 2024, reflecting a decrease of approximately 74.4%[24] - Cash inflow from operating activities totaled 64,891,964 thousand RMB in 2025, compared to 71,811,863 thousand RMB in 2024, representing a decrease of about 9.5%[24] - The net cash flow from investing activities was 125,719 thousand RMB in 2025, a recovery from a negative cash flow of -1,404,314 thousand RMB in 2024[24] - Cash flow from financing activities showed a net outflow of -1,357,565 thousand RMB in 2025, compared to -2,402,408 thousand RMB in 2024, indicating an improvement[25] Assets and Liabilities - Total assets at the end of the reporting period were RMB 41,859,639 thousand, a slight increase of 0.22% from the end of the previous year[7] - The company's total assets as of September 30, 2025, amounted to CNY 41,859,639, a slight increase from CNY 41,769,339 at the end of 2024[18] - Current assets decreased to CNY 18,490,416 as of September 30, 2025, down from CNY 20,633,139 at the end of 2024[17] - Total liabilities increased to CNY 17,489,796 as of September 30, 2025, compared to CNY 16,624,844 at the end of 2024[18] - The total equity attributable to shareholders decreased to CNY 24,267,764 as of September 30, 2025, from CNY 25,040,254 at the end of 2024[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 91,801[13] - Basic earnings per share for the quarter was RMB 0.003, an increase of 200.00% year-on-year[7] - Diluted earnings per share for the quarter was also RMB 0.003, reflecting a 200.00% increase compared to the same period last year[7] - The weighted average return on equity for the quarter was 0.126%, an increase of 0.099 percentage points from the previous year[7] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 211,024, an increase from CNY 193,894 in 2024[20]

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。 中期業績 TOPSPORTS INTERNATIONAL HOLDINGS LIMITED 滔搏國際控股有限公司 (於開曼群島註冊成立的有限公司) (股份代號：6110) 截至 2025 年 8 月 31 日止六個月 中期業績公告 財務摘要 | | | 未經審核 | | | --- | --- | --- | --- | | | | 截至 8 月 31 日止六個月 | | | | | 2025 年 | 2024 年 | | 收入 | 人民幣百萬元 | 12,298.6 | 13,054.7 | | 毛利 | 人民幣百萬元 | 5,037.4 | 5,362.4 | | 經營利潤 | 人民幣百萬元 | 993.8 | 1,120.9 | | 本公司權益持有人應佔利潤 | 人民幣百萬元 | 789.1 | 873.8 | | 毛利率 | % | 41.0 | 41.1 | | 經營利潤率 | % | 8.1 ...