Financial Performance - For the fiscal year ending August 2025, the total consolidated revenue reached ¥3,400.5 billion, representing a 9.6% increase year-over-year[3]. - The consolidated operating profit amounted to ¥564.2 billion, reflecting a year-over-year growth of 12.6%, marking the highest performance level for four consecutive years[3]. - Pre-tax profit recorded ¥650.5 billion, a 16.8% increase year-over-year, while net profit attributable to the parent company was ¥433.0 billion, up 16.4%[23]. - The Japan segment generated revenue of ¥1,026.0 billion, a 10.1% increase, with operating profit of ¥184.4 billion, up 18.4%[100]. - Same-store sales increased by 8.1% year-over-year, with the first half growing by 9.8% and the second half by 6.2%[103]. - The company reported consolidated revenue of 340.05 billion JPY and operating profit of 56.42 billion JPY for the fiscal year 2024[89]. - The company aims to distribute a dividend of 500 JPY per share for the fiscal year 2025[92]. - The dividend per share for the fiscal year 2023 is set at ¥500, with a payout ratio of 33.0%[178]. - Total assets are projected to be ¥38,593 billion, an increase of ¥2,717 billion from the previous fiscal year-end[180]. - Total equity is expected to reach ¥23,275 billion by August 31, 2025, reflecting an increase of ¥2,592 billion, primarily due to retained earnings increasing by ¥2,903 billion[180]. Corporate Governance - The company aims to enhance its corporate governance structure by proposing to increase the maximum number of directors from 10 to 15[12]. - A total of 11 directors are proposed for election at the upcoming shareholders' meeting to strengthen the management structure[15]. - The board candidates possess extensive experience in corporate management, global business, and sustainable development, with a focus on IT and digitalization[17]. - The independent director candidates bring extensive experience in investment and ESG, which will contribute to the company's global operations and diversity management[33]. - The board of directors has maintained a 100% attendance rate for the past year, indicating strong engagement and commitment[28][30][36]. - The company is committed to maintaining high standards of corporate governance and transparency through the involvement of independent directors[35]. - The board of directors consists of 10 members, with 6 being external directors, ensuring a diverse governance structure[174]. - The group has established a liability limitation contract with non-executive directors to ensure their expected functions are fulfilled[62]. - The group has a directors' liability insurance policy to cover damages arising from claims related to their duties[62]. Sustainability Initiatives - The company emphasizes a shift towards sustainable fashion, focusing on high-quality clothing that is timeless and can be cherished over time[3]. - The company aims to convert approximately 50% of materials used to recycled materials by the end of fiscal year 2030, with 19% of materials in fiscal year 2025 being low greenhouse gas emission materials[127][131]. - The use of recycled materials in products is being promoted, with a focus on enhancing product quality and functionality[128]. - The company has redefined "sustainable materials" and established new procurement guidelines to ensure human rights protection and reduced environmental impact across the supply chain[129]. - The company aims to reduce greenhouse gas emissions from its stores and offices by 90% by the end of fiscal year 2030 compared to 2019 levels, and has achieved an 83.3% reduction as of August 2024[142]. - The company has a goal to achieve zero greenhouse gas emissions by 2050, actively promoting reductions across its supply chain[141]. - The company is focusing on sustainable business practices, aiming to reduce greenhouse gas emissions and promote recycling by the fiscal year 2030[191]. Business Strategy and Growth - The company aims to further achieve business growth globally while fulfilling social responsibilities through its clothing business[23]. - The company is accelerating the global expansion of UNIQLO and GU stores, leveraging the experience of independent directors with rich operational knowledge[31]. - The company aims to maintain high growth and shareholder returns while enhancing corporate value in a changing business environment[48]. - The company aims to achieve a revenue target of ¥10 trillion by the fiscal year 2028, with a mid-term goal of ¥5 trillion[189]. - The company plans to expand its UNIQLO business in North America and Europe by increasing store openings and enhancing e-commerce sales[195]. - The company is transforming its cost structure to improve production efficiency and enhance value-added services in response to inflation[200]. - The company is investing in talent development and management to foster a high-performing team[190]. Product Development and Innovation - The company emphasizes the importance of data analysis in creating value and is transitioning towards an "information manufacturing retail business"[26]. - The new HEATTECH series, incorporating natural fibers, offers approximately 1.5 times the warmth compared to traditional HEATTECH, enhancing customer experience[105][107]. - The PUFFTECH series has received positive feedback globally, reflecting the company's commitment to customer-driven product development[125]. - Automation has been introduced in fabric cutting and filling processes, significantly improving efficiency and working conditions, with automated cutting machines reducing waste[150][151]. - The company emphasizes a customer-centric approach, aiming to meet customer expectations and drive continuous reform across all operational aspects[61]. Social Responsibility - The company has donated over 1 million items of clothing to people in need across 28 countries and regions as part of its "The Heart of LifeWear" initiative[93]. - The "PEACE FOR ALL" charity T-shirt project has sold 8.62 million units, generating a total donation amount of approximately ¥2.588 billion, with 45 partners involved[161][162]. - The company actively collaborates with local communities to address social issues, enhancing its corporate social responsibility initiatives[160]. Talent Development - The company aims to continuously invest in talent development, focusing on nurturing managers and store leaders globally to drive business growth[157][164]. - The company has implemented a management candidate program (UMC) to cultivate future management executives, with around 500 candidates currently in development[154][164]. - The company is committed to nurturing management talent through an established educational system and ongoing selection processes[172].

Shareholder Meeting - The 2025 fiscal year ordinary general meeting of shareholders will be held on November 27, 2025, at 10:30 AM Japan time[8] - The meeting will address the business report and consolidated financial statements for the fiscal year 2025, covering the period from September 1, 2024, to August 31, 2025[8] - The record date for eligible shareholders to attend and vote at the meeting is August 31, 2025[4] - The company emphasizes that shareholders purchasing shares after the record date will not be able to attend or vote at the meeting[4] - The notice is a translation of the original Japanese announcement issued to shareholders as of August 31, 2025[4] Agenda Items - The first agenda item includes a proposal to amend certain provisions of the company's articles of association[8] - The second agenda item involves the election of 11 directors[8] - The third agenda item proposes revisions to the director remuneration system, including changes to the total remuneration cap and the granting of new stock options[8] - The fourth agenda item concerns the revision of the statutory auditor's remuneration amount[8] Communication with Shareholders - The company will provide excerpts of the meeting notice and proxy forms to Hong Kong depositary receipt holders upon request[3]

Financial Performance - The group recorded revenue of approximately HKD 137,074,000 for the six months ended September 30, 2025, a decrease of 7.9% compared to HKD 148,288,000 for the same period in 2024[7] - The loss attributable to the owners of the company for the six months ended September 30, 2025, was approximately HKD 377,000, compared to a loss of HKD 97,000 for the same period in 2024[7] - Gross profit for the six months ended September 30, 2025, was HKD 29,273,000, down from HKD 32,139,000 in the same period of 2024, reflecting a decrease in gross margin[8] - Operating profit for the six months ended September 30, 2025, was HKD 85,000, a significant decline from HKD 382,000 in the prior year[8] - Total customer contract revenue for the six months ended September 30, 2025, was HKD 137,074,000, down 7.5% from HKD 148,288,000 in 2024[19] - Revenue from daily necessities and grain products was HKD 42,184,000, a decrease of 9.8% from HKD 46,621,000 in 2024[19] - Other income for the six months ended September 30, 2025, was HKD 2,106,000, a decrease of 11% from HKD 2,366,000 in 2024[21] - Basic loss per share for the six months ended September 30, 2025, was HKD (0.03), compared to HKD (0.01) in 2024[26] - The group recorded a net loss attributable to owners of approximately HKD 377,000 for the six months ended September 30, 2025, compared to HKD 97,000 in the same period of 2024[51] Cash and Assets - The company reported a net cash position of HKD 67,178,000 as of September 30, 2025, compared to HKD 60,873,000 as of March 31, 2025[9] - Cash and cash equivalents at the end of the period increased to HKD 67,178,000 from HKD 55,380,000 in 2024, representing a growth of 21.5%[13] - Total assets less current liabilities amounted to HKD 100,737,000 as of September 30, 2025, slightly up from HKD 100,677,000 as of March 31, 2025[9] - The company's equity attributable to owners decreased to HKD 99,555,000 as of September 30, 2025, from HKD 99,932,000 as of March 31, 2025[9] - Trade receivables as of September 30, 2025, amounted to HKD 32,890,000, a slight decrease from HKD 33,450,000 as of March 31, 2025[29] - Trade payables were reported at HKD 10,976,000 as of September 30, 2025, down from HKD 12,549,000 as of March 31, 2025[12] - The current ratio as of September 30, 2025, was approximately 4.7 times, compared to 4.8 times on March 31, 2025[56] - The total interest-bearing borrowings as of September 30, 2025, were approximately HKD 6,147,000, an increase from approximately HKD 4,762,000 on March 31, 2025[60] - The debt-to-equity ratio as of September 30, 2025, was approximately 6.2%, up from 4.8% on March 31, 2025[60] Expenses and Costs - The company’s financing costs decreased to HKD 204,000 for the six months ended September 30, 2025, from HKD 312,000 in the same period of 2024[8] - The total remuneration for directors and key management personnel for the six months ended September 30, 2025, was HKD 5,597,000, compared to HKD 5,878,000 for the same period in 2024[39] - Administrative expenses decreased from approximately HKD 16,582,000 to about HKD 15,677,000, primarily due to reductions in legal and professional fees, employee costs, and depreciation[48] - The total employee cost for the six months ended September 30, 2025, was approximately HKD 13,548,000, compared to approximately HKD 13,989,000 for the same period in 2024[67] Dividends and Shareholder Information - The company does not recommend the payment of any interim dividend for the six months ended September 30, 2025, consistent with the previous year[7] - The company did not declare or propose any dividends during the period, consistent with the previous year[25] - Major shareholders hold approximately 51.88% of the company's shares, indicating strong control by key executives[74] - As of September 30, 2025, the major shareholder, Yuan Tian, holds 602,800,000 shares, representing 51.88% of the total issued shares of 1,162,000,000[75][77] - No stock options have been granted, exercised, expired, or canceled under the stock option plan as of September 30, 2025, with 116,200,000 options available for grant[76] Corporate Governance and Compliance - The company has adhered to high standards of corporate governance, complying with the corporate governance code during the reporting period[84] - The audit committee has reviewed the unaudited consolidated results for the six months ending September 30, 2025, ensuring compliance with applicable accounting standards and GEM Listing Rules[86] - The company has adopted a set of securities trading rules for directors, ensuring compliance with GEM Listing Rules, with no known violations reported for the six months ending September 30, 2025[78] - There are no interests held by directors or major shareholders in any competing businesses as of September 30, 2025[79] - The company has established a non-competition agreement with its major shareholders, confirming no engagement in competing businesses[80] Future Plans and Market Strategy - The group plans to strengthen marketing efforts, accelerate the development of high-margin specialty products, and explore operational efficiency improvements in response to market challenges[41] - The company plans to strategically increase warehouse facilities in Hong Kong to enhance operational efficiency and customer service[69] - Approximately HKD 12,560,000 is allocated for upgrading the ERP system to monitor inventory levels and improve operational efficiency[70] - Around HKD 5,540,000 is designated for sales and marketing activities to attract more customers and enhance loyalty in the food and beverage distribution market[71] - The company has reallocated funds initially intended for new packaging equipment to develop restaurant services and general operating capital due to cost-effectiveness considerations[72] - Approximately HKD 9,000,000 is earmarked for startup and renovation costs for a new restaurant, although the restaurant was closed in March 2022 due to the pandemic[73] - A total of HKD 5,211,000 has been allocated for general operating funds to support daily operations and maintain sufficient liquidity[73] - The company maintains a reasonable optimism regarding its core business despite economic uncertainties in Hong Kong[73] - The board is actively evaluating and managing uncertainties and will take necessary measures to overcome challenges[73] - The company aims to expand and become one of Hong Kong's leading food and beverage distributors[73] Investments and Acquisitions - The company completed the sale of its subsidiary for a total consideration of HKD 1,500,000,000 on March 31, 2025[29] - There were no significant investments, acquisitions, or disposals of subsidiaries, associates, or joint ventures during the six months ended September 30, 2025[64]

Financial Performance - The group recorded revenue of approximately HKD 137,074,000 for the six months ended September 30, 2025, a decrease of 7.4% compared to HKD 148,288,000 for the same period in 2024[3] - The loss attributable to owners of the company for the six months ended September 30, 2025, was approximately HKD 377,000, compared to a loss of HKD 97,000 for the same period in 2024[4] - Gross profit for the six months ended September 30, 2025, was HKD 29,273,000, down from HKD 32,139,000 in the same period of 2024, reflecting a gross margin decrease[4] - Customer contract revenue for the six months ended September 30, 2025, was HKD 137,074,000, a decrease of 7.5% from HKD 148,288,000 in the same period of 2024[15] - Revenue from daily necessities and grain products was HKD 42,184,000, down 9.8% from HKD 46,621,000 year-on-year[15] - Other income for the six months ended September 30, 2025, totaled HKD 2,106,000, a decrease of 11% from HKD 2,366,000 in 2024[17] - Basic loss per share for the six months ended September 30, 2025, was HKD 0.03, compared to HKD 0.01 in 2024[22] - Revenue decreased by approximately 7.6% during the six months ended September 30, 2025, compared to the previous period, reflecting a challenging market environment post-pandemic[36] Dividends and Share Capital - The company does not recommend the payment of any interim dividend for the six months ended September 30, 2025, consistent with the previous year[4] - The company did not declare or propose any dividends during the period, consistent with the previous year[21] - The company has a total issued share capital of HKD 20,000,000, with 2,000,000 shares outstanding[29] - As of September 30, 2025, the company's issued share capital is HKD 11,620,000, with a total of 1,162,000,000 ordinary shares outstanding[53] Cash Flow and Assets - Cash and cash equivalents increased to HKD 67,178,000 as of September 30, 2025, compared to HKD 60,873,000 at the end of March 2025[9] - Net cash generated from operating activities was HKD 9,401,000 for the six months ended September 30, 2025, down from HKD 14,467,000 in the same period of 2024[9] - Total assets less current liabilities amounted to HKD 100,737,000 as of September 30, 2025, slightly up from HKD 100,677,000 at the end of March 2025[5] - The company’s equity attributable to owners decreased to HKD 99,555,000 as of September 30, 2025, from HKD 99,932,000 at the end of March 2025[5] - The company reported a net cash outflow from financing activities of HKD 3,364,000 for the six months ended September 30, 2025[9] Inventory and Receivables - The company’s inventory decreased to HKD 12,997,000 as of September 30, 2025, from HKD 16,849,000 at the end of March 2025[5] - Trade receivables decreased from HKD 33,450,000 to HKD 32,890,000, a decline of approximately 1.67%[25] - The aging analysis of trade receivables shows that amounts overdue by 0 to 30 days decreased from HKD 20,073,000 to HKD 18,503,000, a decrease of about 7.83%[28] - Trade payables decreased from HKD 12,549,000 to HKD 10,976,000, a decline of approximately 12.57%[28] Employee Costs - Total employee costs, including directors' remuneration, amounted to HKD 13,548,000, a slight decrease from HKD 13,989,000 in the previous year[19] - Short-term employee benefits for key management personnel decreased from HKD 5,801,000 to HKD 5,529,000, a reduction of approximately 4.68%[35] - The total employee cost for the six months ended September 30, 2025, was approximately HKD 13,548,000, a decrease from HKD 13,989,000 for the same period last year, with 68 employees as of September 30, 2025[63] Capital Expenditures and Investments - The company purchased property, plant, and equipment at a total cost of approximately HKD 22,000,000, significantly lower than HKD 2,330,000,000 in the same period of 2024[24] - The company has no major investments, acquisitions, or disposals of subsidiaries, associates, or joint ventures for the six months ended September 30, 2025[60] - The company plans to upgrade its ERP system with an allocation of approximately HKD 12,560,000 to enhance operational efficiency and inventory management[66] Future Plans and Strategies - The company plans to strengthen marketing efforts, accelerate the development of high-margin specialty products, and explore operational efficiency improvements in response to market challenges[37] - The company aims to strategically increase warehouse facilities near customers and enhance its market penetration in the food and beverage distribution sector[65] - The company plans to allocate approximately HKD 5,540,000 for sales and marketing activities to attract more customers and enhance customer loyalty[67] - Approximately HKD 9,000,000 has been designated for startup and renovation costs of new restaurants, with HKD 3,064,000 already spent on the renovation of a new restaurant in Tsim Sha Tsui[68] Corporate Governance - The company is committed to maintaining high standards of corporate governance, adhering to the principles and code provisions outlined in the GEM Listing Rules[78] - The board believes that the company has complied with the corporate governance code for the six months ending September 30, 2025[80] - The audit committee has reviewed the unaudited consolidated results for the six months ending September 30, 2025, ensuring compliance with applicable accounting standards and GEM Listing Rules[82]

Financial Performance - In Q3 2025, the company reported a total revenue and other income of HKD 7.775 billion, a 45% increase compared to HKD 5.372 billion in Q3 2024[8]. - The main business revenue reached HKD 7.484 billion, up 54% from HKD 4.852 billion in the same quarter last year[5]. - The company achieved an EBITDA of HKD 6.225 billion, reflecting a 59% increase from HKD 3.926 billion in Q3 2024[5]. - Shareholders' profit attributable to the company was HKD 4.900 billion, a 56% increase from HKD 3.145 billion in Q3 2024[5]. - Total revenue and other income for Q3 2025 was HKD 78 billion, a record high, representing a 45% increase compared to Q3 2024[20]. - Major business revenue for the first three quarters of 2025 was HKD 20,438 million, a 41% increase from HKD 14,542 million in the same period of 2024[14]. - EBITDA for the first three quarters of 2025 was HKD 17,164 million, reflecting a 48% increase from HKD 11,587 million in 2024[14]. - Shareholder profit for Q3 2025 was HKD 49 billion, a 56% increase compared to Q3 2024[20]. - Revenue for the nine months ended September 30, 2025, reached HKD 17,745 million, a 45.5% increase from HKD 12,202 million in the same period of 2024[82]. - Net investment income for the nine months ended September 30, 2025, was HKD 3,893 million, up 4.4% from HKD 3,728 million in the previous year[82]. - EBITDA for the nine months ended September 30, 2025, was HKD 17,164 million, representing a 47.5% increase compared to HKD 11,587 million in the same period of 2024[82]. - The company reported a net profit of HKD 13,476 million for the nine months ended September 30, 2025, which is a 43.5% increase from HKD 9,354 million in the same period of 2024[83]. - The total comprehensive income for the nine months ended September 30, 2025, was HKD 13,780 million, up 44.5% from HKD 9,517 million in the previous year[83]. Trading Activity - The average daily trading value of equity securities on the exchange was HKD 26.794 billion, a 150% increase from HKD 10.72 billion in Q3 2024[6]. - The average daily trading value of the Stock Connect (Shanghai and Shenzhen) was RMB 26.874 billion, a 144% increase from RMB 11.03 billion in Q3 2024[6]. - Average daily trading value of equity securities on the exchange reached HKD 267.94 billion in Q3 2025, up 22% from Q2 2025[11]. - Average daily trading amount for the first three quarters of 2025 was HKD 2.564 trillion, a 126% increase from HKD 1.136 trillion in the first three quarters of 2024[29]. - The average daily trading amount for the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect reached RMB 2.064 trillion and RMB 1.259 trillion respectively, marking increases of 67% and 229% compared to the same period in 2024[30]. - The average daily trading amount for southbound trading through the Stock Connect was HKD 78.54 billion, up from HKD 22.1 billion in 2024[32]. - The average daily trading amount of Exchange Traded Products (ETPs) reached HKD 378 billion, a 145% increase from the first three quarters of 2024[36]. - The average daily trading volume of derivative products reached 727,000 contracts in Q3 2025, down 5% from Q2 2025[11]. - The average daily trading volume of stock options increased by 30% to 920,000 contracts compared to 705,000 contracts in Q3 2024[6]. - The average daily trading volume of derivative products increased by 11% year-on-year, reaching 1,681,869 contracts in the first three quarters of 2025, a record high[46]. - The average daily trading volume of stock options reached 886,323 contracts, marking a 27% increase compared to the first three quarters of 2024[48]. Market Developments - The company signed a memorandum of understanding with the Abu Dhabi Securities Exchange to enhance market connectivity[3]. - The company is implementing the first phase of reducing the minimum price fluctuation in the Hong Kong securities market[3]. - The company announced plans to optimize the pricing of initial public offerings and further consult on market regulations[3]. - The Hong Kong Stock Exchange successfully implemented the first phase of lowering the minimum tick size on August 4, 2025, with further phases planned for mid-2026[31]. - The group plans to launch the Hang Seng Biotechnology Index futures on November 28, 2025, pending regulatory approval, to enhance its product offerings in the biotechnology sector[51]. - Weekly stock options have seen robust growth, with over 20 million contracts traded since their launch, and new weekly stock options are set to be introduced on November 10, 2025[49]. - The company hosted a seminar in Shanghai in September 2025 to promote the development of a green finance ecosystem in the Guangdong-Hong Kong-Macao Greater Bay Area, attracting around 160 participants[68]. - The company launched the "Towards a Low-Carbon Future" series to explore the role of carbon markets in promoting net-zero emissions in Asia[68]. - The Hong Kong Stock Exchange Charity Fund announced funding projects for local social enterprises to address emerging social and environmental needs in the third quarter of 2025[70]. Expenses and Investments - Operating expenses increased by 2% in Q3 2025, primarily due to higher employee costs[12]. - Operating expenses increased by 3%, primarily due to salary adjustments and inflation-related increases in IT costs, while listing fee revenue growth was lower than that of the stock securities and financial derivatives segment[28]. - Operating expenses grew by 10%, primarily due to salary adjustments and increased costs associated with higher listing fee income[44]. - The operational expenditure rose by 12% to HKD 2,099 million, primarily due to non-recurring items related to the nickel market incident[57]. - The company held external portfolios worth 1.8 billion HKD as of September 30, 2025, down from 7.2 billion HKD at the end of 2024[67]. - Capital expenditures for the group in the first three quarters of 2025 amounted to HKD 3.049 billion, a decrease from HKD 10.27 billion in the same period of 2024[73]. - The group's capital expenditure commitments as of September 30, 2025, were HKD 5.775 billion, significantly higher than HKD 1.702 billion on December 31, 2024[73]. Financial Position - Total assets as of September 30, 2025, amounted to HKD 460,764 million, a significant increase from HKD 381,629 million as of December 31, 2024[84]. - Total liabilities as of September 30, 2025, were HKD 406,087 million, compared to HKD 327,222 million at the end of 2024, reflecting a 24% increase[84]. - Cash and cash equivalents as of September 30, 2025, were HKD 169,251 million, an increase from HKD 134,365 million as of December 31, 2024[84]. - The company’s operating expenses for the nine months ended September 30, 2025, totaled HKD 4,453 million, a slight increase from HKD 4,159 million in the same period of 2024[82]. - The financial statements for the year ending December 31, 2024, were prepared using consistent accounting policies and methods as previous years[85]. - The company has submitted its consolidated financial statements to the Companies Registry in accordance with Hong Kong Companies Ordinance[85]. - The auditor's report on the financial statements did not contain any reservations or matters requiring attention[85].

Subscription Agreement - The company completed a subscription agreement on September 2, 2024, for the issuance of 160,000,000 new shares at a price of HKD 0.25 per share[4] - The net proceeds from the subscription amounted to approximately HKD 38.0 million, which has been fully utilized for repaying outstanding notes[4] - The special general meeting approved the subscription on October 21, 2024, and the completion of the subscription occurred on November 1, 2024[4] Share Option Scheme - The company has adopted a share option scheme, with an offer valid for 28 days from the date of issuance, and the consideration for the options is HKD 1 or any other amount determined by the board[5] Ownership Structure - The ownership structure of the company includes significant stakes held by key individuals, with 33.1% by Mr. Xu Wei Zhan and 27.8% by Mr. Chen Hai Cheng[6] Information Disclosure - The company emphasizes that the information provided does not alter other disclosures in the 2024 annual report, maintaining the integrity of the report's content[5] - The company is committed to ensuring the accuracy and completeness of the information disclosed in its announcements[9] - The announcement will be available on the Hong Kong Stock Exchange website for at least seven days from the date of publication[10]

Yum China Holdings, Inc. 百 勝 中 國 控 股 有 限 公 司 ( 於美利堅合眾國特拉華州註冊成立的有限公司 ) （股份代號：9987） 2025年第三季度財務業績公告 香港交易及結算所有限公司及香港聯合交易所有限公司（「香港聯交所」）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，並明確表示概不會就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。 百勝中國控股有限公司（「本公司」）謹此發佈截至2025年9月30日止第三季度的未經審 核業績公告（「2025年第三季度業績公告」）。本2025年第三季度業績公告可於香港聯 交所網站www.hkexnews.hk及本公司網站http://ir.yumchina.com閱覽。 承董事會命 百勝中國控股有限公司 屈翠容 董事及首席執行官 香港，2025年11月4日 於本公告日期，本公司董事會包括董事會主席及獨立董事胡祖六博士、執行董事屈翠容女士、非執行董事 Robert B. AIKEN 先生以及獨立董事 Mikel A. DURHAM 女士、 Edouard ETTEDGUI 先生、葛新女士、 Da ...

Financial Allocation - As of December 31, 2024, approximately HKD 19.12 million was utilized for the acquisition of Pepsico shares, and about HKD 3.94 million was used for general working capital[5]. - The net proceeds from the global offering are planned to be allocated as follows: 48.9% (HKD 36.0 million) for new office establishment, 21.4% (HKD 15.7 million) for acquiring or investing in environmental cleaning and maintenance service providers, and 19.4% (HKD 14.3 million) for enhancing service capabilities in public space cleaning[6]. - The expected timeline for the full utilization of the net proceeds includes December 2026 for new office establishment and acquisitions[6]. - The company plans to adopt technological reforms and upgrade information technology systems, allocating 7.6% (HKD 5.6 million) of the net proceeds for this purpose[6]. - The marketing department expansion is allocated 2.5% (HKD 1.8 million) of the net proceeds, with a full utilization expected by December 2026[6]. - General working capital is allocated a minimal 0.2% (HKD 0.1 million) of the net proceeds[6]. - The company has a total of HKD 73.5 million in net proceeds planned for various uses, with HKD 50.2 million remaining unutilized as of the reporting period[6]. Share Options - The company has 162,500,000 share options available for grant, representing 9.25% of the issued shares as of December 31, 2024[7]. - As of the report date, no share options have been granted under the plan[7]. Governance Structure - The board of directors includes three executive directors and three independent non-executive directors, ensuring a diverse governance structure[8].

） 股份代號 （於百慕達註冊成立之有限公司 : 00009 中期報告 KEYNE LTD 金奧國際股份有限公司 (Incorporated in Bermuda with limited liability) Stock Code: 00009 目錄 KEYNE LTD 金奧國際股份有限公司 | 公司資料 | 2 | | --- | --- | | 簡明綜合損益及其他全面收入表 | 4 | | 簡明綜合財務狀況表 | 5 | | 簡明綜合權益變動表 | 7 | | 簡明綜合現金流量表 | 8 | | 簡明綜合中期財務報表附註 | 9 | | 管理層討論及分析 | 33 | | 企業管治及其他資料 | 40 | 中期報告 2024 2 公司資料 董事局 執行董事： 錢凌玲女士 （主席） 張立先生 （行政總裁，於2024年4月30日辭任） 俞超先生 （行政總裁，於2024年5月1日獲委任） 向俊杰先生 獨立非執行董事： 徐沛雄先生 鄧炳森先生 顧凱夫先生 公司秘書 陳子鍵先生 授權代表 錢凌玲女士 張立先生 （於2024年4月30日辭任） 俞超先生 （於2024年5月1日獲委任） 核數師 提名委員會 徐沛雄先生 ...

Financial Performance - For the fiscal year ending June 30, 2025, the company's revenue was approximately RMB 90.2 million, a significant increase from RMB 47.6 million in the fiscal year 2024, representing an increase of 89.5%[9] - The profit attributable to owners for the fiscal year 2025 was approximately RMB 22.7 million, a decrease from RMB 200 million in the fiscal year 2024, indicating a decline of 88.6%[9] - The total comprehensive income attributable to owners for the fiscal year 2025 was approximately RMB 28.2 million, down from RMB 204 million in the fiscal year 2024, reflecting a decrease of 86.1%[9] - The basic earnings per share for the fiscal year 2025 were RMB 2.75, a significant drop from RMB 29.79 in the fiscal year 2024[9] - Gross profit for fiscal year 2025 was approximately RMB 8,200,000, up from RMB 1,900,000 in fiscal year 2024, with a gross margin of 9.1%, compared to 4.0% in the previous year[21] - The company reported a profit before tax of RMB 23,026,000 for the fiscal year ending June 30, 2025, compared to a profit of RMB 200,020,000 in 2024[45] - The company reported a net profit of RMB 22,711,000 for the year, compared to RMB 200,013,000 in the previous year, indicating a decrease due to prior year's debt restructuring gains[156] - Total comprehensive income for the year was RMB 28,216,000, down from RMB 204,049,000 in 2024, primarily due to the absence of debt restructuring income[156] Revenue Sources - The company completed a total timber harvest of approximately 18,016 cubic meters in the fiscal year 2025, generating timber sales revenue of approximately RMB 36.6 million[13] - The company recorded ginseng sales revenue of approximately RMB 14.5 million in the fiscal year 2025, compared to RMB 2.56 million in the fiscal year 2024, marking an increase of 466.4%[16] - The ginseng business generated total revenue of approximately RMB 39.5 million in the fiscal year 2025, including RMB 25 million from purchased ginseng and RMB 14.5 million from self-cultivated ginseng[16] - The health products manufacturing and trading business recorded revenue of approximately RMB 14.1 million in the fiscal year 2025[17] - In the fiscal year 2025, the company generated revenue of approximately RMB 36.6 million from forestry management, RMB 39.5 million from ginseng business, and RMB 14.1 million from health products[55] Capital Structure and Debt - The capital debt ratio as of June 30, 2025, was approximately 77.3%, a decrease of 15.4 percentage points from 92.7% in the fiscal year 2024[9] - As of June 30, 2025, the company had total assets of approximately RMB 205,400,000 and net assets of approximately RMB 46,700,000[28] - The company has no secured bank borrowings as of June 30, 2025[62] - The company reported a decrease in total liabilities, with cumulative losses amounting to RMB 938,993 thousand as of June 30, 2025[161] Shareholder Information - The company did not recommend any dividend distribution for the fiscal year 2025, consistent with the previous fiscal year[9] - As of June 30, 2025, the company has no distributable reserves available for shareholders, consistent with the previous year[75] - The company has issued at least 25% of its shares to the public as of the fiscal year 2025[73] - The company completed a share consolidation on July 8, 2025, reducing the total issued shares from 859,242,204 to 85,924,220[37] - The company raised approximately HKD 5.85 million through a placement of 143,000,000 new shares at HKD 0.043 per share, increasing the issued share capital by about 16.64%[38] Governance and Management - The board consists of six members, including two women, achieving gender diversity with a target to maintain at least one female director[101] - The company has adopted a board diversity policy, considering various factors such as gender, age, cultural background, and professional experience[99] - The board has reviewed the effectiveness of the board diversity policy and the implementation of the employee diversity policy for the fiscal year 2025[102] - The company has established a management authorization framework, allowing management to execute daily operational responsibilities under the CEO's leadership[108] - The board has a structured approach to continuous professional development for its members, ensuring compliance with corporate governance codes[109] Risk Management - The company faced credit risk primarily from receivables, with a significant portion of bank deposits held in high credit-rated banks, minimizing potential losses[70] - The company maintains sufficient cash and cash equivalents to manage liquidity risk and reduce cash flow volatility[71] - The internal control and risk management systems were reviewed by the Board through the Audit Committee, which found no significant deficiencies and confirmed effective implementation during fiscal year 2025[129] Compliance and Reporting - The financial statements have been prepared in accordance with the Hong Kong Financial Reporting Standards and the disclosure requirements of the Hong Kong Companies Ordinance[139] - The auditor's report does not cover other information included in the annual report, which is the responsibility of the company's directors[148] - The company regularly reviews its corporate governance practices to ensure compliance with established codes and regulations[96] Future Outlook - The company plans to gradually reduce reliance on suppliers for aged ginseng by cultivating its own stock, ensuring quality through genetic consistency with supplier plants[18] - The company successfully cultivated its first batch of Epimedium in June 2024 and expanded its planting area by 28 acres in July 2024, with expected sales by June 2026[19] - The group expects that the new and revised Hong Kong Financial Reporting Standards will not have a significant impact on the consolidated financial statements[171]