香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 截 至2025年6月30日止六個月未經審計之中期業績公告 第一節 重要提示 無 – 1 – 1.1 本 半 年 度 報 告 摘 要 來 自 半 年 度 報 告 全 文，為 全 面 了 解 重 慶 鋼 鐵 股 份 有 限 公 司（「 本公司 」或「 公 司 」，連 同 其 附 屬 公 司 統 稱 為「 本 集 團 」）的 經 營 成 果、財 務 狀 況 及 未 來 發 展 規 劃，投 資 者 應 當 到 http://www.sse.com.cn（上 海 證 券 交 易 所 網 站）、https://sc.hkex.com.hk（香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）網 站）仔 細 閱 讀 半 年 度 報 告 全 文。 1.2 本 公 司 董 事 會（「董事會」）、監 事 會 及 董 事、監 事、高 級 管 理 人 員 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）對 本 公 告 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失 承 擔 任 何 責 任。 Kidsland International Holdings Limited 凱知樂國際控股有限公司 （於開曼群島註冊成立的有限公司） （股份代 號：2122） 截 至2025年6月30日止六個月的中期業績公告 摘 要 – 1 – • 為 實 現 可 持 續 健 康 業 務 經 營，本 集 團 採 取 了 更 積 極 的 措 施，透 過 適 當 調 整 零 售 店 規 模 及 清 理 存 貨，優 化 分 銷 網 絡 及 產 品 組 合。因 此，報 告 期 內錄得收入約人民幣422.5百 萬 元，較 上 一 期 間 約 人 民 幣493.7百萬元減 少14.4%，主 要 由 於 來 自 零 售 店 的 收 入 減 少。另 一 方 面，本 集 團 於 批 發 渠 道 方 面 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因依賴該等內容而引致的任何損失承擔任何責任。 Shanxi Installation Group Co., Ltd. 山西省安裝集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2520） | 財務摘要 | | | | | | --- | --- | --- | --- | --- | | | | 截至6月30日止六個月 | | | | | | 2025年 | 2024年 | | | | | 人民幣千元 | 人民幣千元 | 變動 | | | | （未經審計） | （未經審計） | | | 經營業績 | | | | | | 營業收入 | | 5,614,375 | 6,012,233 | –6.6% | | 毛利 | | 598,678 | 601,753 | –0.5% | | 淨利潤 | | 90,348 | 115,743 | –21.9% | | 歸屬於母公司股東的淨利潤 | | 63,283 | 89,474 | –2 ...

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。 AUSNUTRIA DAIRY CORPORATION LTD 澳優乳業股份有限公 司 （於開曼群島註冊成立之有限公司） （股份編號：1717） 截至二零二五年六月三十日止六個月之 中期業績 財務摘要 截至六月三十日止六個月 二零二五年 二零二四年 變動 人民幣百萬元 人民幣百萬元 % 收入 3,886.8 3,681.1 5.6 毛利 1,627.7 1,597.7 1.9 毛利率 (%) 41.9 43.4 (1.5)個百分點 EBITDA 397.5 306.4 29.7 本公司權益持有人應佔利潤 180.5 145.4 24.1 截至二零二五年六月三十日止六個月（「二零二五年中期期間」或「二零二五年上半年」），澳優乳業股 份有限公司（「澳優」或「本公司」）及其附屬公司（統稱「本集團」）錄得下列各項： • 收入增加人民幣205.7百萬元或5.6%。 1 本公司董事（「董事」）會（「董事會」）謹此公 ...

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，概不對因本公佈全部或任何部份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 HING YIP HOLDINGS LIMITED 興業控股有限公司 （於百慕達註冊成立之有限公司） （股份代號：00132） 二零二五年度中期業績公佈 未經審核綜合業績 興業控股有限公司（「本公司」）董事會（「董事」）宣佈，本公司及其附屬公司（「本集團」）截至二 零二五年六月三十日止六個月之未經審核綜合業績連同二零二四年同期未經審核的比較數字 如下： 簡明綜合損益及其他全面收益表 截至二零二五年六月三十日止六個月 | | | 截至六月三十日止六個月 | | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | 附註 | 港幣千元 | 港幣千元 | | | | （未經審核） | （未經審核） | | 持續經營之業務 | | | | | 收入 | 3 | 417,990 | 411,025 | | 銷售及服務成本 | | (220,306) | (232, ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 ZG Group 找鋼產業互聯集團 （於開曼群島註冊成立以不同投票權控制的有限公司，以ZGW之名稱於香港進行業務） （股份代號：6676） （權證代號：2572） 截至2025年6月30日止六個月的 中期業績公告 找鋼產業互聯集團（於開曼群島註冊成立以不同投票權控制的有限公司，以ZGW 之名稱於香港進行業務）（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公 司、其附屬公司及綜合聯屬實體（「本集團」）截至2025年6月30日止六個月（「報告 期」）的未經審核中期綜合業績，連同2024年同期的比較數字。此等中期業績乃根 據國際財務報告準則（「國際財務報告準則」）編製，並經董事會的審核委員會（「審 核委員會」）審閱。本公司獨立核數師德勤•關黃陳方會計師行已根據香港審閱準則 第2410號「由實體的獨立核數師執行中期財務資料審閱」審閱我們截至2025年6月 30日止六個月的中期財務資料。 在本公告中，「 ...

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分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。 Luyuan Group Holding (Cayman) Limited 綠 源 集 團 控 股（開 曼）有 限 公 司* （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：2451） 截 至2025年6月30日止六個月之未經審核中期業績公告 Luyuan Group Holding (Cayman) Limited（「本公司」或「綠 源」）董 事（「董 事」）會 （「董事會」）欣 然 宣 佈，本 公 司 及 其 附 屬 公 司（統 稱「本集團」）截 至2025年6 月30日 止 六 個 月（「報告期間」）之 未 經 審 核 綜 合 中 期 業 績，連 同 截 至2024年 6月30日 止 六 個 月 的 比 較 數 字 載 列 如 下： 財務摘要 於 報 告 期 間： – 1 – • 期 內 收 益 約人 ...

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。 （於開曼群島註冊成立的有限公司） （股份代號：6038） 截至二零二五年六月三十日止六個月 之中期業績公告 | 財務摘要 | | | | --- | --- | --- | | | 截至六月三十日止六個月 | | | | 二零二五年 | 二零二四年 | | | （未經審核） | （未經審核） | | | 千港元 | 千港元 | | 收 益 | 239,257 | 195,984 | | 毛 利 | 61,528 | 50,377 | | 除所得稅前溢利 | 45,753 | 36,652 | | 期內溢利 | 39,462 | 30,593 | | 每股基本盈利 （港仙） | 3.9 | 3.1 | | 每股攤薄盈利 （港仙） | 3.9 | 3.1 | | | 董事會並不建議於截至二零二五年六月三十日止期間派付中期股息。 | | – 1 – 信 ...

[Condensed Consolidated Financial Statements](index=1&type=section&id=Condensed%20Consolidated%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for the six months ended June 30, 2025, showing a significant reduction in loss but a decrease in total assets and net current assets [Condensed Consolidated Income Statement](index=1&type=section&id=Condensed%20Consolidated%20Income%20Statement) For the six months ended June 30, 2025, both operating loss and loss for the period significantly narrowed, primarily due to a turnaround from loss to gain in financial assets at fair value through profit or loss Condensed Consolidated Income Statement | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | Change (HKD thousands) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Total operating income | 3,465 | 16,054 | (12,589) | -78.42% | | Dividend income from financial assets | 147 | 165 | (18) | -10.91% | | Net gains/(losses) on financial assets | 2,159 | (8,265) | 10,424 | N/A | | Other income | – | 82 | (82) | -100.00% | | Other gains and losses | 1 | 215 | (214) | -99.53% | | Administrative expenses | (5,539) | (5,987) | 448 | -7.48% | | Other operating expenses | (585) | (571) | (14) | 2.45% | | Operating loss | (3,817) | (14,361) | 10,544 | -73.42% | | Loss before tax | (3,817) | (14,370) | 10,553 | -73.44% | | Loss for the period attributable to owners of the Company | (3,817) | (14,370) | 10,553 | -73.44% | | Basic loss per share (HKD cents) | (2.25) | (10.16) | 7.91 | -77.85% | [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=3&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the six months ended June 30, 2025, the total comprehensive loss for the period significantly narrowed to HKD 3,817 thousand from HKD 14,370 thousand in the prior year Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | Change (HKD thousands) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Loss for the period | (3,817) | (14,370) | 10,553 | -73.44% | | Other comprehensive income for the period (net of tax) | – | – | – | N/A | | Total comprehensive loss for the period attributable to owners of the Company | (3,817) | (14,370) | 10,553 | -73.44% | [Condensed Consolidated Statement of Financial Position](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, total assets and net current assets decreased, mainly due to a reduction in bank and cash balances, while total equity remained stable and total liabilities significantly reduced Condensed Consolidated Statement of Financial Position | Indicator | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | Change (HKD thousands) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | **Assets** | | | | | | Non-current assets | 15,545 | 16,108 | (563) | -3.50% | | Current assets | 13,225 | 16,990 | (3,765) | -22.16% | | Total assets | 28,770 | 33,098 | (4,328) | -13.08% | | **Equity and Liabilities** | | | | | | Total equity | 28,045 | 31,862 | (3,817) | -11.98% | | Total liabilities | 725 | 1,236 | (511) | -41.34% | | Total equity and liabilities | 28,770 | 33,098 | (4,328) | -13.08% | | Net current assets | 12,500 | 15,754 | (3,254) | -20.65% | | Net asset value per share (HKD) | 0.17 | 0.19 | (0.02) | -10.53% | [Notes to the Condensed Consolidated Financial Statements](index=5&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) This section details the basis of preparation, accounting policies, segment information, and specific components and changes in financial data, providing essential supplementary information for understanding the financial statements [1. Basis of Preparation](index=5&type=section&id=1.%20Basis%20of%20Preparation) The condensed consolidated financial statements are prepared in accordance with HKAS 34 and the Listing Rules, with accounting policies consistent with the 2024 annual financial statements - The condensed consolidated financial statements are prepared in compliance with Hong Kong Accounting Standard 34 "Interim Financial Reporting" and the disclosure requirements of the Listing Rules[7](index=7&type=chunk) - Except for specific amendments, accounting policies and calculation methods remain consistent with the financial statements for the year ended December 31, 2024[7](index=7&type=chunk) [2. New and Revised Hong Kong Financial Reporting Standards](index=5&type=section&id=2.%20New%20and%20Revised%20Hong%20Kong%20Financial%20Reporting%20Standards) The Group first adopted HKAS 21 (Amendment) "Lack of Exchangeability" from January 1, 2025, without resulting in changes to accounting policies or retrospective adjustments - The Group first adopted Hong Kong Accounting Standard 21 (Amendment) "Lack of Exchangeability" from January 1, 2025[8](index=8&type=chunk) - The adoption of the new revised standard did not result in changes to accounting policies or retrospective adjustments[8](index=8&type=chunk) [3. Segment Information](index=6&type=section&id=3.%20Segment%20Information) The Group's principal business is investing in equity and debt instruments, managed on a portfolio basis, thus no segment information is presented, with all revenue and non-current assets (excluding financial assets) originating from Hong Kong - The Group's principal business is investing in equity and debt instruments, with management reviewing investments on a portfolio basis, hence no segment information is presented[9](index=9&type=chunk) - All the Group's revenue and non-current assets (excluding financial assets at fair value through profit or loss) originate from Hong Kong[9](index=9&type=chunk) [4. Total Operating Income](index=6&type=section&id=4.%20Total%20Operating%20Income) For the six months ended June 30, 2025, total operating income significantly decreased, primarily due to reduced proceeds from the disposal of financial assets at fair value through profit or loss Total Operating Income | Item | 2025 (HKD thousands) | 2024 (HKD thousands) | Change (HKD thousands) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Proceeds from disposal of financial assets at fair value through profit or loss | 3,318 | 15,889 | (12,571) | -79.12% | | Dividend income from financial assets at fair value through profit or loss | 147 | 165 | (18) | -10.91% | | **Total** | **3,465** | **16,054** | **(12,589)** | **-78.42%** | [5. Other Income](index=6&type=section&id=5.%20Other%20Income) For the six months ended June 30, 2025, the company had no other income, whereas the prior year's period mainly included bank interest and miscellaneous income Other Income | Item | 2025 (HKD thousands) | 2024 (HKD thousands) | Change (HKD thousands) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Bank interest income | – | 77 | (77) | -100.00% | | Miscellaneous income | – | 5 | (5) | -100.00% | | **Total** | **–** | **82** | **(82)** | **-100.00%** | [6. Other Gains and Losses](index=6&type=section&id=6.%20Other%20Gains%20and%20Losses) For the six months ended June 30, 2025, other gains and losses were only HKD 1 thousand, a significant decrease from HKD 215 thousand in the prior year, mainly due to gains from disposal of property, plant and equipment and write-off of accrued expenses in the prior period Other Gains and Losses | Item | 2025 (HKD thousands) | 2024 (HKD thousands) | Change (HKD thousands) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Exchange gains | 1 | – | 1 | N/A | | Gains on disposal of property, plant and equipment | – | 40 | (40) | -100.00% | | Write-off of accrued expenses | – | 175 | (175) | -100.00% | | **Total** | **1** | **215** | **(214)** | **-99.53%** | [7. Loss for the Period Attributable to Owners of the Company](index=7&type=section&id=7.%20Loss%20for%20the%20Period%20Attributable%20to%20Owners%20of%20the%20Company) The loss for the period was primarily influenced by employee benefit expenses, depreciation, and investment management fees, with employee benefit expenses remaining stable Loss for the Period Attributable to Owners of the Company | Item | 2025 (HKD thousands) | 2024 (HKD thousands) | Change (HKD thousands) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Depreciation | 270 | 272 | (2) | -0.74% | | Donations | – | 2 | (2) | -100.00% | | Employee benefit expenses | 4,288 | 4,268 | 20 | 0.47% | | Custodian fees | 5 | 45 | (40) | -88.89% | | Investment management fees | 195 | 195 | – | 0.00% | [8. Income Tax Expense](index=7&type=section&id=8.%20Income%20Tax%20Expense) No Hong Kong profits tax provision was required as the Group had no assessable profits in both reporting periods - The Group had no assessable profits in both the first half of 2025 and 2024, thus no Hong Kong profits tax provision was required[13](index=13&type=chunk) [9. Dividends](index=7&type=section&id=9.%20Dividends) For the six months ended June 30, 2025, the company neither paid, declared, nor proposed any dividends, consistent with the prior year - For the six months ended June 30, 2025, the company neither paid, declared, nor proposed any dividends[14](index=14&type=chunk) [10. Loss Per Share Attributable to Owners of the Company](index=8&type=section&id=10.%20Loss%20Per%20Share%20Attributable%20to%20Owners%20of%20the%20Company) For the six months ended June 30, 2025, basic loss per share significantly narrowed to HKD 2.25 cents from HKD 10.16 cents in the prior year, mainly due to reduced loss for the period, with diluted loss per share being the same as basic loss per share due to the absence of potentially dilutive ordinary shares Loss Per Share Attributable to Owners of the Company | Indicator | 2025 (HKD cents) | 2024 (HKD cents) | Change (HKD cents) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Basic loss per share | (2.25) | (10.16) | 7.91 | -77.85% | | Diluted loss per share | (2.25) | (10.16) | 7.91 | -77.85% | - Basic loss per share is calculated based on a loss for the period of approximately **HKD 3,817,000** and a weighted average of **169,707,187** ordinary shares outstanding[15](index=15&type=chunk) - Diluted loss per share is the same as basic loss per share due to the absence of potentially dilutive ordinary shares[16](index=16&type=chunk) [11. Financial Assets at Fair Value Through Profit or Loss](index=8&type=section&id=11.%20Financial%20Assets%20at%20Fair%20Value%20Through%20Profit%20or%20Loss) As of June 30, 2025, the total financial assets at fair value through profit or loss slightly increased, primarily comprising Hong Kong listed equity securities, one of which was suspended from trading Financial Assets at Fair Value Through Profit or Loss | Item | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | Change (HKD thousands) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Hong Kong listed equity securities | 20,233 | 20,065 | 168 | 0.84% | | - Current assets | 12,169 | 11,707 | 462 | 3.95% | | - Non-current assets | 8,064 | 8,358 | (294) | -3.52% | - The fair value of Hong Kong listed equity securities is primarily based on market quotations, but includes one security suspended from trading since April 2, 2024[17](index=17&type=chunk) [12. Share Capital](index=9&type=section&id=12.%20Share%20Capital) As of June 30, 2025, the company's authorized and issued and fully paid share capital remained unchanged Share Capital | Item | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | | :--- | :--- | :--- | | Authorized share capital (20,000,000,000 ordinary shares of HKD 0.01 each) | 200,000 | 200,000 | | Issued and fully paid share capital (169,707,187 ordinary shares of HKD 0.01 each) | 1,697 | 1,697 | [13. Net Asset Value Per Share](index=9&type=section&id=13.%20Net%20Asset%20Value%20Per%20Share) As of June 30, 2025, net asset value per share decreased to HKD 0.17 from HKD 0.19 as of December 31, 2024, primarily due to a reduction in net assets Net Asset Value Per Share | Indicator | June 30, 2025 | December 31, 2024 | Change | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Net assets (HKD thousands) | 28,045 | 31,862 | (3,817) | -11.98% | | Number of issued ordinary shares | 169,707,187 | 169,707,187 | – | 0.00% | | Net asset value per share (HKD) | 0.17 | 0.19 | (0.02) | -10.53% | [14. Events After the Reporting Period](index=9&type=section&id=14.%20Events%20After%20the%20Reporting%20Period) As of the approval date of the condensed consolidated financial statements, financial assets at fair value through profit or loss as of June 30, 2025, generated a net gain of approximately HKD 2,300,000 - As of the approval date of the condensed consolidated financial statements, financial assets at fair value through profit or loss as of June 30, 2025, generated a net gain of approximately **HKD 2,300,000**[20](index=20&type=chunk) [Management Discussion and Analysis](index=10&type=section&id=Management%20Discussion%20and%20Analysis) This section reviews the operating performance and macroeconomic environment for the first half of 2025, analyzes changes in financial indicators, and outlines future investment strategies and market outlook, emphasizing diversified investment and strengthening financial position [Interim Dividend](index=10&type=section&id=Interim%20Dividend) The Board does not recommend paying an interim dividend for the period ended June 30, 2025, consistent with the first half of 2024 - The Board does not recommend paying an interim dividend for the period ended June 30, 2025[21](index=21&type=chunk) [Key Performance Indicators](index=10&type=section&id=Key%20Performance%20Indicators) As of June 30, 2025, the company's net assets decreased to approximately HKD 28,000,000, with net asset value per share at HKD 0.17, primarily due to the operating loss recorded during the period Key Performance Indicators | Indicator | June 30, 2025 | December 31, 2024 | Change | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Net assets (approx., HKD) | 28,000,000 | 31,900,000 | (3,900,000) | -12.23% | | Net asset value per share (HKD) | 0.17 | 0.19 | (0.02) | -10.53% | - The decrease in net assets is primarily attributed to an operating loss of approximately **HKD 3,800,000** recorded during the period[22](index=22&type=chunk) [Investment Portfolio Review](index=10&type=section&id=Investment%20Portfolio%20Review) As of June 30, 2025, the investment portfolio primarily consisted of Hong Kong listed equities, totaling approximately HKD 20,200,000, largely consistent with the end of 2024 Investment Portfolio Review | Item | June 30, 2025 (approx., HKD) | December 31, 2024 (approx., HKD) | Change (approx., HKD) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Financial assets at fair value through profit or loss investment portfolio | 20,200,000 | 20,100,000 | 100,000 | 0.50% | | - Current portion | 12,100,000 | 11,700,000 | 400,000 | 3.42% | | - Non-current portion | 8,100,000 | 8,400,000 | (300,000) | -3.57% | [Details of Major Investments](index=11&type=section&id=Details%20of%20Major%20Investments) The Group's major investments include several Hong Kong listed equities, with Xiangxian International Holdings Limited having the largest proportion of total assets, and Xiaomi Corporation and HSBC Holdings plc showing higher unrealized gains Details of Major Investments | Investment Name | Carrying Amount (HKD thousands) | Unrealized Fair Value Gains/(Losses) (HKD thousands) | Dividends Received (HKD thousands) | Percentage of Group's Total Assets | | :--- | :--- | :--- | :--- | :--- | | Xiangxian International Holdings Limited | 8,064 | (4,636) | – | 28.03% | | Xiaomi Corporation | 3,597 | 2,402 | – | 12.50% | | Luchi Culture Co Ltd | 1,738 | (2,757) | – | 6.04% | | HSBC Holdings plc | 1,900 | 490 | 71 | 6.60% | | Chow Tai Fook Jewellery Group Limited | 1,788 | 786 | – | 6.21% | | China Mobile Limited | 1,742 | 344 | 50 | 6.05% | | China Life Insurance Company Limited | 942 | 475 | – | 3.27% | | Longfor Group Holdings Limited | 463 | (81) | 12 | 1.61% | | **Total** | **20,234** | **(2,977)** | **133** | | [Operations Review](index=11&type=section&id=Operations%20Review) In the first half of 2025, global stock markets rose, with China's market driven by stimulus and AI advancements, leading to a 20% and 18.7% increase in the Hang Seng Index and Hang Seng Tech Index, respectively; however, the Group's listed equity investment portfolio recorded a net fair value gain of approximately HKD 2,200,000, underperforming the market due to the rally concentrating on major constituent stocks - In the first half of 2025, global stock markets generally rose, with China's stock market driven by government stimulus measures and advancements in artificial intelligence[25](index=25&type=chunk)[26](index=26&type=chunk) - The Hong Kong Hang Seng Index and Hang Seng Tech Index increased by **20%** and **18.7%** respectively[26](index=26&type=chunk) - The Group's listed equity investment portfolio recorded a net fair value gain of approximately **HKD 2,200,000**, but underperformed the market as the rally primarily concentrated on major Hang Seng Index constituent stocks[26](index=26&type=chunk) [Total Operating Income](index=12&type=section&id=Total%20Operating%20Income%20(MDA)) Despite the rise in the Hong Kong stock market, geopolitical tensions, tariffs, and inflation pressured its performance, leading to a decrease in total proceeds from investment disposals and investment income to approximately HKD 3,300,000 during the period - Despite the rise in the Hong Kong stock market, its performance was pressured by external uncertainties such as geopolitical tensions, tariffs, and inflation[27](index=27&type=chunk) - Total proceeds from investment disposals and investment income decreased to approximately **HKD 3,300,000** during the period (first half of 2024: approximately HKD 15,900,000)[27](index=27&type=chunk) [Revenue](index=12&type=section&id=Revenue) Interim revenue, primarily from listed securities dividend income, decreased to approximately HKD 147,000 during the period, partly due to reduced dividends from certain investee companies - Interim revenue, primarily from listed securities dividend income, decreased to approximately **HKD 147,000** during the period (first half of 2024: HKD 165,000)[28](index=28&type=chunk) - The decrease in revenue is partly attributed to reduced dividends from certain investee companies[28](index=28&type=chunk) [Operating Loss](index=12&type=section&id=Operating%20Loss) The interim operating loss was approximately HKD 3,800,000, a significant reduction from HKD 14,400,000 in the prior year, mainly due to a turnaround from loss to gain in fair value changes of financial assets at fair value through profit or loss - The interim operating loss was approximately **HKD 3,800,000** (first half of 2024: HKD 14,400,000), representing a significant reduction[29](index=29&type=chunk) - The reduction in operating loss is primarily due to the net fair value change of financial assets at fair value through profit or loss turning from a loss to a gain[29](index=29&type=chunk) [Net Gains/(Losses) on Financial Assets at Fair Value Through Profit or Loss](index=13&type=section&id=Net%20Gains%2F(Losses)%20on%20Financial%20Assets%20at%20Fair%20Value%20Through%20Profit%20or%20Loss) As of June 30, 2025, the listed equity investment portfolio recorded a net fair value gain of approximately HKD 2,200,000, compared to a net loss of approximately HKD 8,300,000 in the prior period, consistent with the upward trend of the Hang Seng Index and Hang Seng Tech Index - The listed equity investment portfolio recorded a net fair value gain of approximately **HKD 2,200,000**, compared to a net loss of approximately **HKD 8,300,000** in the prior period[30](index=30&type=chunk) - This performance is consistent with the market movements, where the Hang Seng Index and Hang Seng Tech Index rose by **20%** and **18.7%** respectively[30](index=30&type=chunk) [Other Income](index=13&type=section&id=Other%20Income%20(MDA)) Other income for the current period was negligible, while the prior period primarily included bank interest income and miscellaneous income - Other income for the current period was negligible, whereas the prior period primarily included bank interest income and miscellaneous income[31](index=31&type=chunk) [Other Gains and Losses](index=13&type=section&id=Other%20Gains%20and%20Losses%20(MDA)) Other gains and losses for the current period were negligible, while the prior period primarily included gains from disposal of property, plant and equipment and write-off of accrued expenses - Other gains and losses for the current period were negligible, whereas the prior period primarily included gains from disposal of property, plant and equipment and write-off of accrued expenses[32](index=32&type=chunk) [Administrative and Other Operating Expenses](index=13&type=section&id=Administrative%20and%20Other%20Operating%20Expenses) Administrative expenses were approximately HKD 5,500,000, a decrease from the prior year due to lower operating costs, while other operating expenses remained stable Administrative and Other Operating Expenses | Item | 2025 (approx., HKD) | 2024 (approx., HKD) | Change (approx., HKD) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Administrative expenses | 5,500,000 | 6,000,000 | (500,000) | -8.33% | | Employee benefit expenses | 4,300,000 | 4,300,000 | – | 0.00% | | Other operating expenses | 600,000 | 600,000 | – | 0.00% | - The decrease in administrative expenses is primarily due to a reduction in the Group's operating costs[33](index=33&type=chunk) [Interest in an Associate](index=13&type=section&id=Interest%20in%20an%20Associate) The Group holds a 30% equity interest in Superb King Limited and its subsidiaries, which had no carrying value at the reporting date - The Group holds a **30%** equity interest in Superb King Limited and its subsidiaries[34](index=34&type=chunk) - This interest had no carrying value at the reporting date[34](index=34&type=chunk) [Outlook](index=13&type=section&id=Outlook) Despite short-term global market challenges from geopolitics, tariffs, and inflation, investments in AI technology are expected to yield significant returns, and Hong Kong's "Stablecoin Ordinance" will strengthen digital asset regulation; the company will continue prudent and active investment, emphasizing diversification and considering strengthening its financial position - Global markets in the short term remain affected by geopolitical tensions, tariffs, inflation, interest rate, and monetary policy fluctuations[35](index=35&type=chunk) - Investments in artificial intelligence technology are expected to yield substantial returns, especially as costs decrease and applications expand from digital to physical domains[35](index=35&type=chunk) - Hong Kong's "Stablecoin Ordinance" became effective on August 1, 2025, establishing a licensing regime for fiat-backed stablecoin issuers, reinforcing Hong Kong's status as an international financial center[35](index=35&type=chunk) - The company will continue its investment activities in a prudent yet proactive manner, emphasizing diversified investment to manage risks in the second half of the year, and considering strengthening its financial position[36](index=36&type=chunk) [Financial Resources and Liquidity](index=14&type=section&id=Financial%20Resources%20and%20Liquidity) As of June 30, 2025, bank and cash balances and net current assets both decreased, primarily due to net cash used in operating activities, with the Group having no capital commitments Financial Resources and Liquidity | Indicator | June 30, 2025 (approx., HKD) | December 31, 2024 (approx., HKD) | Change (approx., HKD) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Bank and cash balances | 300,000 | 4,300,000 | (4,000,000) | -93.02% | | Net current assets | 12,500,000 | 15,800,000 | (3,300,000) | -20.89% | - The decrease in bank and cash balances is primarily attributed to net cash used in operating activities[37](index=37&type=chunk) - The Group had no capital commitments as of June 30, 2025[37](index=37&type=chunk) - As of June 30, 2025, the Group's capital gearing ratio was approximately **zero** (December 31, 2024: 0.2%)[38](index=38&type=chunk) [Use of Net Proceeds from Placing](index=14&type=section&id=Use%20of%20Net%20Proceeds%20from%20Placing) As of June 30, 2025, the company had fully utilized the net proceeds of approximately HKD 4,120,000 from the placing for potential investments and general working capital - On December 13, 2024, the company placed **28,284,000** new ordinary shares, raising net proceeds of approximately **HKD 4,120,000**[39](index=39&type=chunk) - As of June 30, 2025, the net proceeds from the placing have been fully utilized for potential investments and general working capital[39](index=39&type=chunk)[40](index=40&type=chunk) Use of Net Proceeds from Placing | Intended Use of Net Proceeds | Intended Use (HKD millions) | Amount Utilized as of December 31, 2024 (HKD millions) | Amount Utilized as of June 30, 2025 (HKD millions) | Unutilized Net Proceeds as of June 30, 2025 (HKD millions) | | :--- | :--- | :--- | :--- | :--- | | Potential investments | 2.00 | (0.68) | (1.32) | – | | General working capital | 2.12 | – | (2.12) | – | | **Total** | **4.12** | **(0.68)** | **(3.44)** | **–** | [Property, Plant and Equipment](index=15&type=section&id=Property%2C%20Plant%20and%20Equipment) As of June 30, 2025, the value of property, plant and equipment was approximately HKD 7,500,000, with no additions during the period Property, Plant and Equipment | Item | June 30, 2025 (approx., HKD) | December 31, 2024 (approx., HKD) | Change (approx., HKD) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Value of property, plant and equipment | 7,500,000 | 7,800,000 | (300,000) | -3.85% | - There were no additions to property, plant and equipment during the period[41](index=41&type=chunk) [Material Acquisitions and Disposals](index=15&type=section&id=Material%20Acquisitions%20and%20Disposals) During the period, the Group did not undertake any material acquisitions or disposals involving major subsidiaries - The Group did not undertake any material acquisitions or disposals involving major subsidiaries during the period[42](index=42&type=chunk) [Capital Structure](index=15&type=section&id=Capital%20Structure) As of the reporting date, the total number of issued shares of the company remained at 169,707,187 shares, with a par value of HKD 0.01 each - As of the reporting date, the total number of issued shares of the company remained at **169,707,187** shares, with a par value of **HKD 0.01** each[43](index=43&type=chunk) [Share Option Scheme](index=15&type=section&id=Share%20Option%20Scheme) During the period, no share options lapsed, were granted, exercised, or cancelled, and there were no outstanding share options as of June 30, 2025 - During the period, no share options lapsed, were granted, exercised, or cancelled[44](index=44&type=chunk) - As of June 30, 2025, there were no outstanding share options[44](index=44&type=chunk) [Events After the Reporting Period](index=15&type=section&id=Events%20After%20the%20Reporting%20Period%20(MDA)) As of the approval date of the condensed consolidated financial statements, financial assets at fair value through profit or loss as of June 30, 2025, generated a net gain of approximately HKD 2,300,000 - As of the approval date of the condensed consolidated financial statements, financial assets at fair value through profit or loss as of June 30, 2025, generated a net gain of approximately **HKD 2,300,000**[45](index=45&type=chunk) [Foreign Exchange Risk](index=15&type=section&id=Foreign%20Exchange%20Risk) The Board believes the Group is not exposed to significant foreign exchange fluctuation risk as the investment portfolio primarily consists of Hong Kong listed equities denominated in HKD - The investment portfolio primarily consists of Hong Kong listed equities, with other funds mainly denominated in HKD[46](index=46&type=chunk) - The Board believes the Group is not exposed to significant foreign exchange fluctuation risk as of the reporting date[46](index=46&type=chunk) [Borrowings and Pledges of Group Assets](index=15&type=section&id=Borrowings%20and%20Pledges%20of%20Group%20Assets) As of June 30, 2025, the Group had not pledged its leasehold land and buildings for any bank loans, unlike December 31, 2024 - As of June 30, 2025, the Group had not pledged its leasehold land and buildings for any bank loans[47](index=47&type=chunk) - As of December 31, 2024, the Group had pledged leasehold land and buildings with a carrying value of **HKD 7,800,000** for bank loans of **HKD 300,000**[47](index=47&type=chunk) [Human Resources](index=15&type=section&id=Human%20Resources) As of June 30, 2025, the company's employee count remained at 15, with remuneration packages aligned with market practices and determined by performance and experience - As of June 30, 2025, the company's employee count was **15**, consistent with December 31, 2024[48](index=48&type=chunk) - Remuneration packages for employees and directors are consistent with current market practices and determined by performance and experience[48](index=48&type=chunk) [Corporate Governance](index=16&type=section&id=Corporate%20Governance) This section outlines the company's commitment to corporate governance, discloses two exceptions to the Corporate Governance Code, and describes the composition and responsibilities of the Audit, Remuneration, and Nomination Committees [Corporate Governance Practices](index=16&type=section&id=Corporate%20Governance%20Practices) The company is committed to high standards of corporate governance and complies with the Corporate Governance Code in Appendix C1 of the Listing Rules, with two exceptions regarding meeting document delivery and the separation of Chairman and CEO roles - The company is committed to upholding high standards of corporate governance and complies with the Corporate Governance Code set out in Appendix C1 of the Listing Rules[49](index=49&type=chunk) - There are two exceptions: Code Provision C.5.8 (meeting documents not delivered three days in advance) and Code Provision C.2.1 (Chairman and Chief Executive Officer roles not separated)[49](index=49&type=chunk)[50](index=50&type=chunk) - The responsibilities of the Chief Executive Officer have been assumed by other members of the Board and senior management[51](index=51&type=chunk) [Audit Committee](index=17&type=section&id=Audit%20Committee) The Audit Committee comprises three independent non-executive directors, with Mr. Tam Yuk Sang as Chairman, responsible for reviewing accounting principles, financial reporting matters, and the interim financial statements - The Audit Committee comprises three independent non-executive directors: Mr. Tam Yuk Sang (Chairman), Dr. Ng Chi Yeung, and Ms. Law So Fun[52](index=52&type=chunk) - The Committee has reviewed the accounting principles and practices adopted by the company and discussed financial reporting matters, including the unaudited condensed consolidated financial statements[52](index=52&type=chunk) [Remuneration Committee](index=17&type=section&id=Remuneration%20Committee) The Remuneration Committee consists of three independent non-executive directors, with Mr. Tam Yuk Sang as Chairman - The Remuneration Committee comprises three independent non-executive directors: Mr. Tam Yuk Sang (Chairman), Dr. Ng Chi Yeung, and Ms. Law So Fun[53](index=53&type=chunk) [Nomination Committee](index=17&type=section&id=Nomination%20Committee) The Nomination Committee comprises one executive director and three independent non-executive directors, with Dr. Ng Chi Yeung as Chairman - The Nomination Committee comprises Executive Director Mr. Li Kwok Leung and three independent non-executive directors: Dr. Ng Chi Yeung (Chairman), Mr. Tam Yuk Sang, and Ms. Law So Fun[54](index=54&type=chunk) [Directors' Securities Transactions](index=17&type=section&id=Directors'%20Securities%20Transactions) The company has adopted the Model Code in Appendix C3 of the Listing Rules as the standard for directors' securities transactions, with all directors confirming full compliance - The company has adopted the Model Code set out in Appendix C3 of the Listing Rules as the standard for directors' securities transactions[55](index=55&type=chunk) - For the six months ended June 30, 2025, all directors confirmed full compliance with the Model Code[55](index=55&type=chunk) [Purchase, Sale or Redemption of the Company's Securities](index=17&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company's%20Securities) For the six months ended June 30, 2025, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities - Neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities for the six months ended June 30, 2025[56](index=56&type=chunk) [Other Information](index=18&type=section&id=Other%20Information) This section provides information on the publication channels for the interim results announcement and interim report, and includes the Board's appreciation to management and staff, and lists the Board members as of the announcement date [Publication of Interim Results Announcement and Interim Report](index=18&type=section&id=Publication%20of%20Interim%20Results%20Announcement%20and%20Interim%20Report) The interim results announcement has been published on the HKEX and company websites, and the interim report will be dispatched to shareholders and posted on the websites in due course - This interim results announcement has been published on the HKEX website (http://www.hkex.com.hk) and the company's website (http://www.irasia.com/listco/hk/810)[57](index=57&type=chunk) - The interim report will be dispatched to shareholders and published on the aforementioned websites in due course[57](index=57&type=chunk) [Appreciation](index=18&type=section&id=Appreciation) The Chairman of the Board, on behalf of the company, extends sincere gratitude to fellow directors, management, and staff for their support and contributions - The Chairman of the Board, on behalf of the company, extends sincere gratitude to fellow directors, management, and staff for their support and contributions[58](index=58&type=chunk) [Board Composition](index=18&type=section&id=Board%20Composition) As of the announcement date, August 27, 2025, the Board of Directors comprises one executive director, one non-executive director, and three independent non-executive directors - As of the announcement date, August 27, 2025, the Executive Director of the Board is Mr. Li Kwok Leung[60](index=60&type=chunk) - The Non-executive Director is Dr. Lam Man Chan (who also serves as Chairman)[59](index=59&type=chunk)[60](index=60&type=chunk) - The Independent Non-executive Directors are Dr. Ng Chi Yeung, Mr. Tam Yuk Sang, and Ms. Law So Fun[60](index=60&type=chunk)

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 截至二零二五年六月三十日止六個月的中期業績公告 業績摘要 遠洋服務控股有限公司 （於開曼群島註冊成立的有限公司） 股份代號：06677 – 1 – • 於2025年6月30日，物業管理服務的總合約建築面積為121.6百萬平方米及總在管建築面積 為93.5百萬平方米，分別較於2024年6月30日下降約9%及約7%。於報告期內，本集團繼續 積極退出低效能項目。 • 收入較2024年同期減少約3%至人民幣1,385.8百萬元（2024年上半年：人民幣1,436.0百萬 元），主要由於考慮到國內宏觀經濟環境低迷和房地產市場下行的不利影響，報告期內本 集團主動退出回款保障不理想的業務和項目。 • 毛利較2024年同期減少約50%至人民幣162.6百萬元（2024年上半年：人民幣327.4百萬元）， 毛利率約為12%（2024年上半年：23%）。 • 截至2025年6月30日止六個月，本公司擁有人應佔虧損為人民幣3 ...