高鑫零售有限公司 （於香港註冊成立的有限公司） 股份代號：6808 最受顧客喜愛、信賴，員工引以為榮的零售商 成為三公里全客群首選的「菜籃子」，滿足家庭與年輕客群需求 中期報告 2025 目錄 | 公司資料 | 2 | | --- | --- | | 中期業績摘要 | 3 | | 管理層討論與分析 | 4 | | 企業管治及其他資料 | 17 | | 審閱報告 | 40 | | 簡明綜合損益及其他全面收益表 | 42 | | 簡明綜合財務狀況表 | 43 | | 簡明綜合權益變動表 | 45 | | 簡明綜合現金流量表 | 47 | | 簡明綜合財務資料附註 | 50 | 1 高鑫零售有限公司 二零二五年中期報告 公司資料 董事 執行董事 李衛平 （首席執行官）（於二零二五年十二月一日 獲委任） 沈輝 （首席執行官）（於二零二五年十二月一日辭任） 非執行董事 華裕能 （主席） 王冠男 梅夢雪 獨立非執行董事 張挹芬 陳尚偉 葉禮德 審核委員會 香港銅鑼灣 希慎道33號 利園一期 19樓1928室 陳尚偉 （主席） 張挹芬 葉禮德 梅夢雪 薪酬委員會 張挹芬 （主席） 葉禮德 陳尚偉 華裕能 提名委員會 葉禮德 ...

香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的公司提供一個 上市的市場。有意投資者應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮 後方作出投資決定。GEM的較高風險及其他特色表示GEM較適合專業及其他資深投資 者。 由於GEM上市公司新興的性質使然，在GEM買賣的證券可能會較於聯交所主板買賣的 證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，對其準確性或完整性亦 無發表聲明，並明確表示概不會就本報告全部或任何部份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。 本報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）之規定提供有關駿東（控股）有 限公司（「本公司」）之資料。本公司董事（「董事」）願對本報告所載資料共同及個別承擔全 部責任。董事在作出一切合理查詢後確認，就彼等所深知及確信，本報告所載資料在各 重要方面均屬準確完備，並無誤導或欺詐成分，且並無遺漏其他事項，足以令本報告所 載任何陳述或本報告產生誤導。 1 二零二五年中期報告 ...

Financial Performance - The company's revenue decreased from approximately MOP 105.8 million for the year ended December 31, 2023, to about MOP 8.8 million for the year ended December 31, 2024, representing a decline of approximately 91.7%[11]. - The significant revenue drop was primarily due to a reduction in the number of large projects compared to the previous year[12]. - The company recorded a net loss of approximately MOP 48.9 million for the year ending December 31, 2024, compared to a loss of MOP 27.8 million for the year ending December 31, 2023[24]. - The total revenue for the year ending December 31, 2024, was approximately MOP 8.8 million, a decrease of about 91.7% from MOP 105.8 million for the year ending December 31, 2023[24]. - The gross loss for the year ending December 31, 2024, was approximately MOP 4.8 million, with a gross loss margin of about 54%, compared to a gross loss of MOP 5.3 million and a margin of 5% for the previous year[27]. - The company reported a net loss of approximately 48.9 million Macanese Patacas for the year ending December 31, 2024, an increase of about 21.1 million Macanese Patacas compared to a loss of approximately 27.8 million Macanese Patacas for the year ending December 31, 2023[35]. - The total bank borrowings and overdrafts amounted to approximately 57.6 million Macanese Patacas as of December 31, 2024, down from approximately 62.7 million Macanese Patacas as of December 31, 2023[37]. - The debt-to-equity ratio was approximately -90.0% as of December 31, 2024, an improvement from approximately -394.6% as of December 31, 2023[38]. - The company has not made timely payments on certain bank borrowings, triggering cross-default on other loans, requiring immediate repayment[103]. - The group recorded a net loss of approximately MOP 48,923,000 for the year ending December 31, 2024[103]. Strategic Initiatives - The company is actively exploring and initiating new projects in Hong Kong as part of its strategy to diversify its business and tap into new market opportunities[12]. - The management believes that expanding geographic focus and project portfolio will help mitigate the impact of recent challenges and improve overall financial health[12]. - The company aims to restore financial stability and prepare for sustainable growth by seizing emerging opportunities to drive revenue and profitability[12]. - The company is actively seeking to diversify its business portfolio and has signed a non-binding memorandum of understanding with a partner in China to explore new market opportunities[16]. - The company aims to generate sufficient operating cash flow to reduce debt and support financial needs by expanding its business into China and diversifying into anti-counterfeiting technology[19]. - The company plans to change its name to "Zhongke Weidian (Group) Limited" to improve its corporate image and future growth prospects, pending shareholder and regulatory approval[23]. Corporate Governance - The company is committed to maintaining high standards of corporate governance, having adopted the Corporate Governance Code as per the listing rules, although it deviated from certain provisions during the reporting period[61]. - Following the resignation of certain directors, the company failed to meet the requirement of having at least three independent non-executive directors on its board[63]. - The board of directors consists of experienced individuals with a balanced composition, ensuring effective governance and strategic planning[67]. - The board believes that the participation of independent non-executive directors provides independent judgment on strategy and performance, safeguarding shareholder interests[67]. - The company has established a remuneration committee to review and recommend compensation policies for directors and senior management[92]. - The audit committee consists of five independent non-executive directors, including the chairman, who reviewed the financial reporting matters and internal controls[88]. - The board has established three committees: the audit committee, the remuneration committee, and the nomination committee, with defined terms of reference[87]. - The company has confirmed compliance with the standard code of conduct for securities trading by all directors for the year ending December 31, 2024[64]. Human Resources - The total employee cost for the year ending December 31, 2024, was approximately 14.5 million Macanese Patacas, a decrease from approximately 27.3 million Macanese Patacas for the year ending December 31, 2023, primarily due to a reduction in the number of employees[54]. - The total number of employees as of December 31, 2024, was 20, with 13 males and 7 females[169]. - The employee turnover rate for males was 60% in Macau, 55% in Hong Kong, and 30% in China, while for females it was 40%, 45%, and 70% respectively[169]. - The group maintains a training policy that is inclusive, with 71% of female employees and 80% of male employees receiving training in 2024[176]. - The group has not encountered any work-related accidents or diseases resulting in lost workdays reported for the year ending December 31, 2024[174]. Environmental, Social, and Governance (ESG) Practices - The group emphasizes sustainable operations and has implemented environmental policies to manage the impact of its construction activities[126]. - The group has developed effective internal control systems for managing ESG issues, ensuring compliance with ESG reporting guidelines[133]. - The group has a zero-tolerance policy towards corruption, bribery, and extortion, committing to high ethical standards in its operations[134]. - The total greenhouse gas emissions for the year ending December 31, 2024, were approximately 11.66 tons, with a per-employee emission of 0.26 tons, representing a reduction of 24.15 tons per employee compared to the previous year[149]. - The company has established policies to manage paper, toner cartridge, gasoline, electricity, and water consumption in compliance with environmental regulations[144]. - The group has implemented preventive measures to monitor and reduce water consumption at construction sites[159]. - The group has not identified any significant non-compliance issues that could impact the environment during the reporting year[154]. - The group has policies in place to prevent child labor and forced labor within its operations[188]. - The group actively encourages employee participation in community service, enhancing corporate value and social awareness[184]. Financial Management - The company has adopted a prudent treasury management policy to ensure sufficient liquidity for operational needs and to maintain reasonable financing costs[39]. - The company has arranged appropriate insurance to protect directors and senior management against legal actions related to company affairs[72]. - The board has taken measures to improve the group's liquidity and financial condition, including negotiations for loan extensions and collection of receivables[104]. - The company will continue to take proactive measures to resolve its liquidity issues and will announce any significant developments as required by listing rules[109]. - The group aims to expand its business into China and diversify into anti-counterfeiting technology to generate sufficient operating cash flow to reduce debt[106].

（於開曼群島註冊成立的有限公司） 股份代號 :8136 2025/26 中期報告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM乃為較其他於聯交所上市的中小型公司帶有較高投資風險的公司提供一個上市的 市場。有意投資者應了解投資於該等公司的潛在風險，並應經過審慎周詳考慮後方作出 投資決定。 由於GEM上市公司普遍為中小型公司，於GEM買賣的證券可能會較於聯交所主板買賣 的證券承受較高的市場波動風險，同時無法保證於GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，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報告全部或任何部份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。 本報告乃遵照香港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」）的規定 提供有關英馬斯集團控股有限公司（「本公司」，連同其附屬公司統稱「本集團」或「我 們」）的資料，本公司各董事（「董事」）願就本報告共同及個別承擔全部責任。董事經作 出一切合理查詢後確認，就彼等所深知及確信，本報告所載資料於各重大方面均屬準確 及完整，並無誤導或欺詐成分，且並無遺漏任何其他事 ...

GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交 所上市的公司帶有較高投資風險。有意投資之人士應了解投資於該等公司的潛在風 險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司一般為中小型公司，在GEM買賣之證券可能會較於主板買賣之 證券承受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市 場。 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報告之內容概不負責， 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報告全部或任何部 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。 本報告之資料乃遵照GEM上市規則而刊載，旨在提供有關本公司之資料；各董事願 就本報告之資料共同及個別地承擔全部責任。各董事在作出一切合理查詢後，確認 就其所深知及確信，本報告所載資料在各重要方面均屬準確完備，沒有誤導或欺詐 成分，且並無遺漏任何其他事項，足以令致本報告所載任何陳述或本報告產生誤導。 亞博科技控股有限公司 • 二零二五年中期業績報告 截至2025年9月30日止六個月之財務摘要 於六個月期間的收益整體增加約83,300,000港元至約 ...

Asset Management and Investment Services - As of October 24, 2025, the company manages 12 funds, up from 11 funds as of June 30, 2025, with total managed assets increasing from $132 million and $399 million to over $155 million and over $420 million respectively[4] - The company is in discussions with potential investors to establish multiple funds expected to launch in 2026, which will enhance asset management revenue for the fiscal year ending December 31, 2026[4] - The company aims to leverage the recent surge in IPO activities in Hong Kong to capture significant market share in asset management services[7] - The company plans to apply for an upgrade of its existing Type 9 (Asset Management) license to diversify and expand its asset management services, particularly in virtual asset management[8] - The company is exploring new underwriting and placement opportunities, with several issuers expressing interest in future bond issuances, anticipating increased revenue from this business segment[10] - The company is negotiating a cooperation agreement with state-owned enterprises in China to establish a joint venture in Hong Kong, which will enhance resource utilization and expand business opportunities[11] - The company is actively expanding its investment and financial advisory services, having signed multiple confidentiality agreements with rapidly growing companies across various industries[12] - The number of holders of Type 9 licenses in Hong Kong is expected to increase by 5% from 2024 to 2025, presenting a significant opportunity for the company in investment advisory services[12] - The company has initiated proprietary trading in cryptocurrencies to explore potential development opportunities in crypto asset management[8] - The company has not received any redemption requests from investors as of October 24, 2025, indicating no significant adverse impact on managed assets in the foreseeable future[9] Sales and Marketing Strategies - The group achieved cumulative sales exceeding HKD 280 million, driven by a dedicated sales team maintaining relationships with hundreds of customers[17] - Approximately 70% of sales revenue is derived from pre-purchased inventory, while 30% comes from customized orders, with active management of investment-grade wines to optimize capital[29] - The group operates a multi-channel business model, including direct sales, online sales, and wholesale, to enhance customer engagement and brand loyalty[21] - The group has expanded its product offerings to include wines from Italy, Australia, Chile, and the USA, in addition to its primary sourcing from France[27] - The group provides value-added services such as free wine cellar storage for selected customers, enhancing customer loyalty with minimal service costs[25] - The group utilizes digital marketing strategies through e-commerce platforms and social media to drive sales and increase brand awareness[18] - The group has established a strong sales network, leveraging relationships with high-net-worth individuals and financial institutions to create additional business opportunities[30] - The group is focused on long-term development of the fine wine business and brand building, with a strategy to enhance its reputation through exclusive experiences[30] Inventory and Risk Management - The group actively manages inventory risks through monthly valuations and strategic discounts to ensure inventory levels remain low and controllable[29] - The group has implemented a comprehensive risk management system, including procurement approvals and warehouse management, to ensure operational integrity[28] - The company is expanding into the mid-range wine market, which has higher profit margins[32] - The supplier network includes audited suppliers from Hong Kong, the UK, France, and Italy[32] - Inventory management strategies involve diversifying procurement from Italy, Australia, Chile, and the USA, while balancing investment-grade and commercial-grade wines[32] Employee and Operational Development - Sales incentives include increased commissions and bonuses, along with employee training to enhance performance[32] - The company is strengthening marketing and e-commerce partnerships with luxury hotels to accelerate revenue growth[32] - Cost optimization measures are being explored to enhance profitability through collaboration with other business segments[32] - The company aims to develop wholesale channels to expand scale and negotiate supplier discounts[32]

SHEUNG YUE GROUP HOLDINGS LIMITED 2025 中期報告 SHEUNG YUE GROUP HOLDINGS LIMITED 2025 INTERIM REPORT 01 上諭集團控股有限公司| 中期報告 2025 目錄 頁次 公司資料 02 管理層討論及分析 04 權益披露 08 企業管治及其他資料 11 簡明綜合損益及其他全面收益表 15 簡明綜合財務狀況表 16 簡明綜合權益變動表 18 簡明綜合現金流量表 19 未經審核簡明綜合中期財務報表附註 20 中期報告 2025 | 上諭集團控股有限公司 02 公司資料 董事會 執行董事 陳立緯先生 陳立銓先生 陳千瑩女士 獨立非執行董事 李漢雄先生 銅紫荊星章，榮譽勳章，太平紳士 鄭志洪先生 黃業光先生 審核委員會 鄭志洪先生 李漢雄先生 銅紫荊星章，榮譽勳章，太平紳士 黃業光先生 薪酬委員會 黃業光先生 李漢雄先生 銅紫荊星章，榮譽勳章，太平紳士 鄭志洪先生 提名委員會 李漢雄先生 銅紫荊星章，榮譽勳章，太平紳士 鄭志洪先生 黃業光先生 授權代表 陳立緯先生 黃敬森先生 公司秘書 黃敬森先生 核數師 長青（香港）會計師事務所有 ...

中國華星集團有限公司 China Sinostar Group Company Limited (於百慕達註冊成立之有限公司) 股份代號: 485 2025/2026 中期業績報告 目錄 做HKEX時，請插入01 inside front 2 公司資料 3 簡明綜合損益及其他全面收益表 4 簡明綜合財務狀況表 5 簡明綜合權益變動表 6 簡明綜合現金流量表 7 簡明綜合財務報表附註 17 管理層討論與分析 24 其他資料 公司資料 董事局 執行董事 王晶（主席） 王星喬（行政總裁） 非執行董事 趙洪霞 獨立非執行董事 蘇波 唐生智 曾冠維（自二零二五年十二月一日起辭任） 劉曉鳳（自二零二五年十二月一日起獲委任） 公司秘書 林偉基 核數師 富睿瑪澤會計師事務所有限公司 審核委員會 蘇波（主席） 唐生智 曾冠維（自二零二五年十二月一日起辭任） 劉曉鳳（自二零二五年十二月一日起獲委任） 薪酬委員會 唐生智（主席） 蘇波 曾冠維（自二零二五年十二月一日起辭任） 劉曉鳳（自二零二五年十二月一日起獲委任） 提名委員會 王晶（主席） 唐生智 曾冠維（自二零二五年十二月一日起辭任） 劉曉鳳（自二零二五年十二月一日起獲委任） ...

2025 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位，乃為中小型公司提供一個上市之市場，此等公司相比起其他在聯交所主板上市 之公司帶有較高投資風險。有意投資之人士應了解投資於該等公司之潛在風險，並應經過審 慎周詳之考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於聯交所主板買賣之證 券承受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 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報告之內容概不負責，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報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。 本報告（修身堂控股有限公司（「本公司」）董事（「董事」）願共同及個別對此負全責）乃遵照 聯交所GEM證券上市規則（「GEM上市規則」）之規定而提供有關本公司之資料。本公司董事 經作出一切合理查詢後，確認就彼等所深知及所確信：(1)本報告所載資料在各重大方面均屬 準確及完整，且無誤導或欺詐成份；及(2)並無遺漏任何其他事項，致使本報告或其所載任何 陳述產生誤導。 | | | 截至九月三十日止六個 ...

Miricor Enterprises Holdings Limited 卓珈控股集團有限公司 202 5 /2 6 Miricor Enterprises Holdings Limited Incorporated in the Cayman Islands with limited liability Stock Code 股份代號 : 1827 於開曼群島註冊成立的有限公司 卓珈控股集團有限公司 CONTENTS 目錄 | 2 | Corporate Information | 公司資料 | | --- | --- | --- | | 4 | Highlights | 摘要 | | 5 | Interim Condensed Consolidated Statement of Profit or | 中期簡明綜合損益及其他全面收益表 | | | Loss and Other Comprehensive Income | | | 6 | Interim Condensed Consolidated Statement of | 中期簡明綜合財務狀況表 | | | Financial Position | ...