Supplementary Announcement Regarding 2024 Annual Report [Background and Purpose of the Announcement](index=1&type=section&id=Purpose%20and%20Background%20of%20Announcement) This announcement supplements Youzan Technology Co., Ltd.'s 2024 annual report, detailing share option scheme updates for stakeholders - This announcement supplements Youzan Technology Co., Ltd.'s 2024 annual report, providing additional information not fully disclosed in Note 34 'Share Option Scheme' of the 'Notes to Financial Statements'[3](index=3&type=chunk) [Amendment to New Share Option Scheme](index=1&type=section&id=Amendment%20to%20New%20Share%20Option%20Scheme) The company disclosed amendments to its new share option scheme, adopted June 29, 2023, and revised May 27, 2025 - The new share option scheme was adopted on June 29, 2023, with original terms stipulating a minimum vesting period of **12 months**[3](index=3&type=chunk) - The new share option scheme was amended on May 27, 2025, with details of the latest terms available in the company's circular dated April 30, 2025[3](index=3&type=chunk) [Board Members and Compliance Statement](index=2&type=section&id=Board%20Members%20and%20Compliance%20Statement) The announcement lists the board's current composition and confirms its responsibility for content accuracy and GEM Listing Rules compliance - The board of directors comprises two executive directors (Mr. Zhu Ning, Mr. Yu Tao) and four independent non-executive directors (Dr. Fang Zhihua, Mr. Deng Tao, Mr. Li Shaojie, Ms. Li Qingyang)[4](index=4&type=chunk) - The board collectively and individually assumes full responsibility for the information in this announcement, confirming its accuracy, completeness, absence of misleading or fraudulent elements, and compliance with GEM Listing Rules[4](index=4&type=chunk) - This announcement will be published on the HKEX website and the company's website for at least **seven days**[4](index=4&type=chunk)

Financial Performance - Revenue for the six months ended June 30, 2025, was HKD 256,521,000, representing a 32.7% increase from HKD 193,317,000 in the same period of 2024[5] - Gross profit for the same period was HKD 76,391,000, up 31.6% from HKD 57,941,000 year-on-year[5] - Operating loss increased to HKD 81,772,000 compared to HKD 58,762,000 in the previous year, indicating a decline in operational efficiency[5] - The company reported a loss before tax of HKD 133,640,000, slightly improved from a loss of HKD 133,833,000 in the prior year[5] - The company reported a total comprehensive loss of HKD 137,066,000 for the period, compared to HKD 133,546,000 in the previous year, reflecting ongoing challenges[6] - The company experienced a loss of HKD 135,480,000 for the six months ended June 30, 2025, compared to a loss of HKD 110,875,000 for the six months ended January 1, 2025[9] - The loss for the period was HKD 133,602,000, slightly improved from HKD 134,239,000 in the same period last year, with a gross profit of HKD 76,391,000 compared to HKD 57,941,000 previously[71] - The loss attributable to owners of the company was HKD 110,875,000, a decrease of 18% from HKD 135,480,000 in the prior year[71] Assets and Liabilities - Total assets as of June 30, 2025, were HKD 4,182,892,000, a decrease from HKD 4,205,511,000 at the end of 2024[8] - Non-current assets decreased to HKD 559,353,000 from HKD 546,469,000, reflecting a shift in asset composition[7] - Cash and bank balances decreased to HKD 98,827,000 from HKD 126,257,000, indicating a liquidity challenge[7] - The company’s equity attributable to owners decreased to HKD 1,939,479,000 from HKD 2,053,818,000, showing a decline in shareholder value[8] - Total equity as of June 30, 2025, was HKD 2,499,896,000, down from HKD 2,660,483,000 as of January 1, 2024, reflecting a decrease of 6.05%[9] - The company’s retained earnings decreased to HKD 435,499,000 as of June 30, 2025, from HKD 570,979,000 as of January 1, 2024, indicating a reduction of 23.6%[9] - The company’s total liabilities decreased to HKD 582,000 as of June 30, 2025, from HKD 659,000 as of January 1, 2024, a reduction of 11.7%[9] Cash Flow and Financing - For the six months ended June 30, 2025, the company reported a net cash inflow from operating activities of HKD 33,504,000, a decrease of 52.9% compared to HKD 71,254,000 for the same period in 2024[10] - The company incurred interest payments of HKD 31,103,000 during the financing activities for the six months ended June 30, 2025, compared to HKD 67,509,000 in the same period of 2024[10] - The group reported a total financing cost of HKD 84,981,000 for the six months ended June 30, 2025, compared to HKD 78,164,000 in 2024[27] - Financing costs for the six months ended June 30, 2025, were HKD 51,868,000, down from HKD 75,071,000 in the prior year, primarily due to a reduction in the principal amount of term loans[85] Revenue Breakdown - The group's revenue from film-related operations for the six months ended June 30, 2025, was HKD 314,000, a decrease from HKD 1,166,000 in 2024, resulting in a loss of HKD 1,185,000 compared to a loss of HKD 3,243,000 in the previous year[18] - Property development and investment operations generated revenue of HKD 133,013,000, down from HKD 179,147,000 in 2024, with a loss of HKD 92,251,000 compared to a loss of HKD 65,113,000 in 2024[18] - Multimedia and entertainment operations reported revenue of HKD 123,194,000, significantly up from HKD 13,004,000 in 2024, with a loss of HKD 3,837,000 compared to a loss of HKD 25,165,000 in the previous year[18] - Revenue from external customers in Macau was HKD 133,013,000 for the six months ended June 30, 2025, down from HKD 179,147,000 in 2024[22] - Revenue from external customers in China was HKD 123,494,000, up from HKD 13,719,000 in 2024[22] Shareholder Information - The basic and diluted loss per share improved to HKD 4.56 from HKD 5.57, indicating a slight reduction in loss per share despite overall losses[5] - The average number of ordinary shares used to calculate basic and diluted loss per share was 2,428,911, slightly down from 2,431,723 in the previous year[33] - The company repurchased and canceled 33,000,000 shares at a total cost of HKD 26,927,000 during the first half of 2024, which is expected to enhance the net asset value per share[46] - As of June 30, 2025, HWKFE holds 1,640,375,595 shares, representing approximately 67.5% of the company's issued share capital[109] Corporate Governance - The company has complied with the corporate governance code principles and applicable provisions during the reporting period[113] - The audit committee, composed of independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the six months ending June 30, 2025[116] - The company has adopted the standard code for securities transactions by directors and confirmed compliance by all directors during the reporting period[114] Market Conditions and Future Outlook - The property market in Macau remains sluggish, impacting sales and increasing financing costs, which amounted to HKD 34,168,000 in the first half of 2025[78] - The group anticipates new revenue and cash flow sources as the C7 property is expected to obtain occupancy permits around mid-2026[104] - The group has a new film project with a completed script, but production is delayed due to unfavorable market conditions[74] - The company plans to develop the commercial space at the Daphne • House into a shopping mall to serve residents and nearby communities[81]

Financial Performance - Revenue for the six months ended June 30, 2025 was approximately RMB455.2 million, representing a decrease of 6.6% compared to the corresponding period in 2024[47]. - Gross profit for the Reporting Period was approximately RMB98.5 million, representing a decrease of 6.7% compared to the corresponding period in 2024, with a gross profit margin of 21.6%[46]. - Profit for the Reporting Period was approximately RMB43.4 million, representing a decrease of 18.6% compared to the corresponding period in 2024[48]. - Revenue from property management services was approximately RMB353.7 million, accounting for 77.7% of total revenue, representing an increase of 5.6% compared to the corresponding period in 2024[47]. - Revenue from value-added services to non-property owners was approximately RMB15.7 million, accounting for 3.5% of total revenue, representing a decrease of 72.3% compared to the corresponding period in 2024[47]. - Revenue from community value-added services was approximately RMB45.5 million, accounting for 10.0% of total revenue, representing a decrease of 21.3% compared to the corresponding period in 2024[47]. - Revenue from city services was approximately RMB40.2 million, accounting for 8.8% of total revenue, representing an increase of 7.3% compared to the corresponding period in 2024[47]. - The Group's cost of sales was approximately RMB356.7 million, a decrease of 6.6% compared to RMB381.7 million in 2024[79]. - The gross profit margin for the Group was 21.6%, slightly down from 21.7% in the corresponding period of 2024[86]. - The gross profit margin for property management services was 21.2%, a decrease of 0.2 percentage points from 21.4% in 2024[87]. - The gross profit margin for value-added services to non-property owners increased to 25.5%, up by 5.1 percentage points from 20.4% in 2024[88]. - The gross profit margin for community value-added services increased to 32.1%, up 1.6 percentage points from 30.5% in 2024[90]. - Profit for the period was approximately RMB43.4 million, representing an 18.6% decrease from RMB53.3 million in 2024, with a net profit margin of 9.5%[102]. - The company reported net impairment losses on financial assets of RMB18,071 thousand, an increase from RMB15,130 thousand in the previous year[183]. - The total comprehensive income for the period was RMB42,552 thousand, down from RMB52,522 thousand in the previous year, indicating a decrease of approximately 19.0%[192]. Operational Highlights - For the six months ended June 30, 2025, the Group's contracted gross floor area (GFA) of property management services was approximately 68.3 million sq.m., a decrease of 4.0% compared to the same period in 2024[15]. - The GFA under management increased to approximately 46.2 million sq.m., representing a growth of 6.9% compared to the corresponding period in 2024[15]. - The Group's business contracts now cover 36 cities across 11 provinces, serving millions of property owners[6]. - The Group completed 128 renovation projects for older properties, including upgrades to plumbing, drainage, and facade restoration[23][25]. - Approximately 800 supervisors and team leaders participated in the "Winning Now, Serving the Future" 4V Employee Skills Training Camp, focusing on enhancing service skills and team cohesion[30][33]. - The Group has implemented a standardized security model, including a 24/7 dynamic inspection mechanism and an IoT-based fire safety early-warning cloud platform[26][28]. - The organizational structure has been optimized to create a highly efficient and agile system for future development[31][34]. - The Group aims to enhance operational performance quality and efficiency through digital technology, reaffirming its commitment to high-quality service delivery[32][35]. Strategic Focus and Community Engagement - The Group's strategic focus involved divesting from projects with extended delivery timelines or losses while expanding into high-quality projects, including the Nanjing Niushoushan Scenic Area and Zhengzhou Third People's Hospital[15]. - The Group has launched community activities such as "Four Seasons and One Hall" and "Five Clubs" to foster community engagement across all age groups[11]. - The Group aims to redefine urban living by leveraging smart technology and enhancing urban services in new neighborhoods[12]. - The Group emphasizes the "Four Satisfactions"—employee satisfaction, customer satisfaction, shareholder satisfaction, and societal satisfaction, as part of its strategic goals[32][35]. Rankings and Industry Position - The Group was ranked 23rd among the Top 100 Property Service Companies in China in 2025, maintaining its position in the top tier for ten consecutive years[19]. - The Group ranked 23rd among the top 100 property service companies in China for 2025, maintaining its position for ten consecutive years[21]. - The Group was ranked 23rd in the "2025 China Top 100 Property Management Companies," improving its overall industry strength ranking by two places from 2024[56]. Employee and Governance Information - The Group had a total of 2,322 employees as of June 30, 2025, an increase from 2,108 employees in the previous year[136]. - Employee benefits expenses, including director remuneration, amounted to RMB 95.6 million for the six months ended June 30, 2025, compared to RMB 106.2 million for the same period in 2024, reflecting a decrease of approximately 9.4%[141]. - The company has adopted the Corporate Governance Code and complied with all applicable principles and code provisions during the reporting period[143]. - The audit committee confirmed that the unaudited interim condensed consolidated results for the six months ended June 30, 2025, complied with all applicable accounting principles and standards[151]. Cash Flow and Financial Position - Cash and cash equivalents increased to RMB 136,193 thousand from RMB 132,569 thousand, showing a slight growth of 2.0%[188]. - As of June 30, 2025, total liabilities increased to RMB 785,662 thousand from RMB 735,228 thousand as of December 31, 2024, representing a growth of approximately 6.0%[189]. - Current liabilities rose to RMB 762,868 thousand, up from RMB 721,775 thousand, indicating an increase of about 5.7%[189]. - Cash generated from operations significantly improved to RMB 47,328 thousand for the six months ended June 30, 2025, compared to RMB 19,572 thousand in the prior year, marking an increase of about 141.8%[196]. - Net cash generated from operating activities reached RMB 29,660 thousand, a substantial rise from RMB 5,503 thousand in the previous year, indicating an increase of approximately 438.4%[196].

2025 中期報告 2025 INTERIM REPORT INTERIM REPORT 2025 中 期 報 告 INTERIM REPORT 2025 中 期 報 告 目錄 | 釋義 | 2 | | --- | --- | | 公司資料 | 4 | | 管理層討論與分析 | 5 | | 企業管治 | 19 | | 其他資料 | 20 | | 簡明綜合損益及其他全面收益表 | 22 | | 簡明綜合財務狀況表 | 23 | | 簡明綜合權益變動表 | 25 | | 簡明綜合現金流量表 | 26 | | 簡明綜合財務報表附註 | 27 | | 本中期報告的中英文版本如有任何歧義，概以英文版本為準。 | | 釋義 於本中期報告內，除非文義另有所指，否則下列詞彙具有以下涵義： | 「平均售價」 | 指 | 平均售價 | | --- | --- | --- | | 「審核委員會」 | 指 | 董事會審核委員會 | | 「董事會」 | 指 | 董事會 | | 「英屬維爾京群島」 | 指 | 英屬維爾京群島 | | 「中國」 | 指 | 中華人民共和國 | | 「本公司」 | 指 | 邁科管業控股有限公司，於二零一九年 ...

Financial Performance - For the six months ended June 30, 2025, the company's revenue was RMB 293.8 million, a decrease of 4.8% compared to RMB 308.5 million for the same period in 2024[11]. - The net profit attributable to the owners of the parent company for the same period was RMB 16.0 million, down 26.0% from RMB 21.7 million in the previous year[11]. - The company reported a total revenue of approximately RMB 293.8 million, a decrease of about 4.8% from RMB 308.5 million in the previous year[19]. - The profit for the period is approximately RMB 16.0 million, a decrease of about 27.1% from RMB 21.9 million in the same period of 2024[26]. - Total operating revenue for the first half of 2025 was RMB 293,849,628.79, a decrease of 4.5% compared to RMB 308,549,283.42 in the same period of 2024[80]. - Net profit for the first half of 2025 was RMB 15,988,719.39, a decline of 27.0% compared to RMB 21,928,273.60 in the first half of 2024[80]. - Total comprehensive income for the first half of 2025 was CNY 15,988,719.39, compared to CNY 21,928,273.60 in the same period of 2024, representing a decrease of approximately 27.1%[82]. Revenue Breakdown - Revenue from property management services accounted for approximately 62.1% of total revenue, amounting to RMB 182.3 million, an increase of 10.2% compared to the same period in 2024[13]. - Property management services accounted for approximately 62.1% of total revenue, with revenue increasing by 10.2% to RMB 182.3 million compared to RMB 165.5 million in the previous year[19]. - Non-owner value-added services revenue decreased by 37.8% to RMB 47.1 million, down from RMB 75.7 million in the previous year, mainly due to a decline in project deliveries in a sluggish real estate market[20]. - Community value-added services revenue decreased by 4.3% to RMB 64.4 million, compared to RMB 67.3 million in the previous year, primarily due to a reduction in community life service asset disposals[20]. - The revenue from community value-added services represented about 21.9% of total revenue, with parking management services contributing RMB 21.9 million[18]. Project Management - As of June 30, 2025, the company managed 100 projects with a total managed area of 23.1 million square meters, a decrease of 1.7% from 23.5 million square meters as of June 30, 2024[11]. - The company had 100 contracted projects with a total contracted area of 26.0 million square meters, down 3.0% from 26.8 million square meters in the previous year[11]. - The total managed building area decreased by 1.8% to 23,075 thousand square meters, primarily due to the exit from low-profit return housing projects[14]. - The company managed a total of 61 non-residential properties, with a total managed building area of approximately 9.9 million square meters[15]. Strategic Focus and Development - The company aims to focus on strategic development in Shandong Province, which is one of the most populous and economically prosperous provinces in China[11]. - The company has expanded its business scope to cover almost all prefecture-level cities in Shandong Province, as well as Beijing and Harbin[11]. - The company has a vision of being a "service provider for a better life," emphasizing customer satisfaction and a customer-centric culture[11]. - The company has been operating since 2006 and has established a strong market position in the property management sector in Shandong Province[11]. Financial Position and Assets - Current assets as of June 30, 2025, are approximately RMB 801.8 million, a decrease of about 2.8% from RMB 825.3 million as of December 31, 2024[27]. - Cash and cash equivalents are approximately RMB 395.3 million as of June 30, 2025, a decrease of 7.0% from RMB 425.2 million as of December 31, 2024, primarily due to increased investment in daily maintenance and service quality improvement[34]. - The company's total current assets as of June 30, 2025, amounted to RMB 801,752,795.82, a slight decrease from RMB 825,295,747.75 at the end of 2024[75]. - The company's total assets of the company as of June 30, 2025, were RMB 906,911,179.75, compared to RMB 929,092,664.93 at the end of 2024[78]. - The company's cash and cash equivalents as of June 30, 2025, were RMB 397,758,342.49, a decrease from RMB 426,558,420.34 at the end of 2024[75]. Shareholder and Governance - The major shareholder, Lushang Furuida, holds 95,100,000 shares, representing 95.10% of the domestic shares and 71.32% of the total shares[53]. - Shandong Commerce holds 100,000,000 shares, representing 100% of the domestic shares and 75.0% of the total shares[53]. - The company has adopted high standards of corporate governance, aligning with the Stock Exchange's corporate governance code[48]. - The company has complied with the standard code for securities trading by directors and supervisors during the reporting period[50]. Employee and Management - As of June 30, 2025, the group had a total of 1,369 employees, a decrease from 1,405 employees as of December 31, 2024[47]. - The company implemented a performance-linked compensation mechanism, resulting in 78 technical staff receiving salary increases due to their performance ratings[47]. - The company achieved a 2.13% improvement in organizational efficiency through management structure reforms[47]. - The company is focused on building a learning organization to enhance employee capabilities and innovation[47]. - The company continues to expand its talent reserve to support long-term development[47]. Use of Proceeds from Listing - The net proceeds from the listing amounted to approximately HKD 138 million after deducting underwriting fees and related expenses[58]. - 60% of the net proceeds, approximately HKD 82.80 million, is allocated for strategic cooperation, acquisitions, and investments to expand business scale and diversify property management[58]. - 15% of the net proceeds, approximately HKD 20.70 million, is designated for enhancing property management services and further development of diversified community value-added services[59]. - The company plans to utilize HKD 66.24 million for strategic acquisitions and investments in residential property management companies by December 31, 2025[58]. - The company has not yet utilized HKD 82.80 million of the net proceeds as of June 30, 2025[58]. Audit and Compliance - The audit committee has reviewed the unaudited consolidated financial information for the period[70]. - The company has confirmed that there are no other disclosures required under the listing rules apart from those mentioned[65]. - The company’s independent auditor has conducted a review of the financial statements and found no significant issues[72]. Bad Debt Provisions and Receivables - The provision for bad debts increased to RMB 43,372,154.17, up from RMB 29,676,596.38, indicating a rise of approximately 46.2%[108]. - The aging analysis shows that accounts receivable within one year amounted to RMB 210,423,672.24, compared to RMB 181,445,322.17 at the beginning of the period, reflecting a growth of about 16.0%[105]. - The company recorded a total of RMB 232,729.19 in bad debt provisions at the end of the period, down from RMB 338,100.78, a decrease of approximately 68.3%[102]. - The provision for bad debts is RMB 625,327.31, which is 11.28% of the total other receivables[115]. Capital and Investments - The company completed a capital injection of RMB 36.32 million into Shandong Blue Coast Landscape Engineering Co., Ltd., increasing its registered capital from RMB 20 million to RMB 40.82 million, with the company holding a 49% stake post-injection[38][39]. - Chengfa Construction plans to increase capital in wholly-owned subsidiary Shandong Lan'an Landscape Engineering Co., Ltd. to meet the requirement of a registered capital of no less than RMB 40 million for municipal public engineering construction qualifications[180]. - After the capital increase, the registered capital of Lan'an Landscape will rise to RMB 40.82 million, with an additional registered capital of RMB 20.82 million[180].

Financial Performance - Revenue for the six months ended June 30, 2025, was SGD 23,588,000, a decrease of 8.2% compared to SGD 25,699,000 for the same period in 2024[4] - Gross profit for the same period was SGD 1,677,000, down 20.5% from SGD 2,110,000 in 2024[4] - Operating profit decreased significantly to SGD 154,000, compared to SGD 2,038,000 in the previous year, reflecting a decline of 92.4%[4] - Net profit for the period was SGD 85,000, a decrease of 94.9% from SGD 1,654,000 in 2024[4] - Total comprehensive income for the period was SGD 63,000, down 96.2% from SGD 1,648,000 in the same period last year[6] - Basic and diluted earnings per share for the period were SGD 0.01, compared to SGD 0.28 in the previous year, a decrease of 96.4%[6] - For the six months ended June 30, 2025, the company reported a pre-tax profit of SGD 142,000, a significant decrease from SGD 2,020,000 in the same period of 2024, representing a decline of approximately 93%[10] - Profit for the six months ended June 30, 2025, was approximately SGD 85,000, a decrease of about SGD 1.5 million or 93.8% from SGD 1.6 million[45] Cash Flow and Assets - Operating cash flow before changes in working capital was SGD 259,000, down from SGD 2,234,000 year-over-year, indicating a decline of about 88%[10] - The net cash from operating activities was SGD 58,000, a sharp decrease from SGD 2,950,000 in the previous year, reflecting a decline of approximately 98%[10] - Cash and cash equivalents at the end of the period were SGD 20,035,000, an increase from SGD 17,862,000 in the previous year, showing a growth of about 6.5%[11] - The company’s total cash and cash equivalents decreased by SGD 10,000 during the period, contrasting with an increase of SGD 2,795,000 in the same period last year[11] - Trade receivables decreased to SGD 5,082,000 from SGD 6,410,000, indicating a reduction of 20.7%[7] - Current liabilities decreased to SGD 5,387,000 from SGD 7,554,000, a decline of 28.8%[7] - Total assets less current liabilities stood at SGD 23,682,000, slightly down from SGD 23,831,000 in December 2024[8] - The company's equity increased to SGD 23,569,000 from SGD 23,506,000, reflecting a growth of 0.3%[8] Expenses and Liabilities - The company’s total operating expenses, including employee costs, were SGD 23,408,000, a decrease of 8.8% from SGD 25,675,000 in the same period of 2024[24] - Employee costs and administrative expenses decreased by approximately SGD 0.5 million or 20.0%, from about SGD 2.5 million to approximately SGD 2.0 million[42] - The total liabilities decreased from SGD 1,715,000 in December 2024 to SGD 1,610,000 in June 2025, with a notable reduction in contract liabilities from SGD 33,000 to SGD 7,000[32] - Income tax expenses decreased by approximately SGD 0.3 million or 75.0%, from SGD 0.4 million to SGD 57,000[44] Revenue Sources - Revenue from human resource outsourcing services was SGD 23,286,000, down 7.4% from SGD 25,144,000 in the previous year[22] - Revenue from human resource outsourcing services fell from approximately SGD 25.1 million to about SGD 23.3 million, a decrease of approximately SGD 1.8 million, primarily due to reduced work orders from Singapore government agencies and private sector clients[39] - The service cost decreased by approximately SGD 1.7 million or 7.2% to about SGD 21.9 million for the six months ended June 30, 2025, compared to SGD 23.6 million for the same period in 2024[40] Investments and Future Plans - The company plans to focus on flexible workforce solutions and strengthening customer relationships to explore new revenue streams despite a challenging business environment[38] - The company plans to utilize HKD 23 million for expanding human resources outsourcing and recruitment services in Singapore, with HKD 9.2 million expected to be used by December 31, 2025[71] - The company has plans to improve its IT systems with an allocation of HKD 5.5 million, of which HKD 1 million remains to be utilized by December 31, 2025[71] - The company is currently evaluating whether to further invest in upgrading its IT systems and may allocate additional resources as necessary[74] Shareholder Information - As of June 30, 2025, the company’s major shareholder, Omnipartners Holdings Limited, holds 288 million shares, representing 48.00% of the issued share capital[66] - Mr. Zhou Zhijian holds 288 million shares through Omnipartners Holdings Limited, accounting for 48.00% of the company’s issued share capital[65] - The company has no known direct or indirect competition from its directors or major shareholders as of June 30, 2025[68] Governance and Compliance - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2025, and confirmed compliance with applicable accounting standards and GEM Listing Rules[80]

Kingsoft Cloud Holdings Limited 金山云控股有限公司 股份代號 : 3896 （於開曼群島註冊成立的有限公司） 2025 中期報告 目 錄 2 公司資料 4 主要摘要 8 業務回顧及展望 11 管理層討論與分析 16 其他資料 42 未經審計中期簡明合併財務報表附註 70 釋義 二零二五 中期報告 2 公司資料 董事會 董事長兼非執行董事 雷軍先生 執行董事 鄒濤先生 （副董事長） 何海建先生 （於二零二五年六月三十日辭任） 非執行董事 張鐸先生 （於二零二五年六月九日獲委任） 馮宏華先生 （於二零二五年六月九日辭任） 獨立非執行董事 審計委員會 喻銘鐸先生 （主席） 曲靜淵女士 王航先生 薪酬委員會 曲靜淵女士 （主席） 雷軍先生 喻銘鐸先生 提名委員會 雷軍先生 （主席） 曲靜淵女士 喻銘鐸先生 王航先生 公司治理委員會 鄒濤先生 （主席） 曲靜淵女士 張鐸先生 （於二零二五年六月九日獲委任） 馮宏華先生 （於二零二五年六月九日辭任） 何海建先生 （於二零二五年六月三十日辭任） 公司秘書 蘇嘉敏女士 喻銘鐸先生 王航先生 曲靜淵女士 授權代表 鄒濤先生 蘇嘉敏女士 中國總部及 ...

Financial Performance - For the period ending June 30, 2025, the company reported a significant decline in main business revenue due to weakened procurement demand, with a 12.0% year-on-year drop in national real estate development investment[10]. - The group achieved total revenue of approximately RMB 69.4 million, an increase of about RMB 11.9 million or 20.8% year-on-year[24]. - The group recorded a loss attributable to equity holders of approximately RMB 13.5 million, a significant improvement from a loss of approximately RMB 38.5 million in the same period last year[24]. - The group reported a loss attributable to owners of approximately RMB 13.5 million, a decrease from RMB 38.5 million in the same period last year, driven by a revenue increase of approximately 20.8%[40]. - The group achieved furniture sales revenue of approximately RMB 51.3 million, an increase of about RMB 14.2 million or approximately 38.4% compared to the same period last year[20]. - The data center segment generated revenue of approximately RMB 18.1 million, a decrease of about RMB 2.3 million or 11.3% compared to the same period last year[23]. - The gross profit for the group increased from approximately RMB 3.7 million in the previous year to approximately RMB 15.1 million during the reporting period[31]. - The gross profit margin for the manufacturing and sales furniture division rose from approximately 4.4% to about 25.0%[32]. - The gross profit for the data center division was approximately RMB 2.2 million, an increase of about RMB 0.1 million or approximately 6.8% year-on-year[33]. - The overall sales cost for the group was approximately RMB 54.4 million, an increase of about RMB 0.6 million or 1.1% year-on-year[29]. Business Strategy and Development - The company established "Shangcheng Intelligent" in Guangdong to diversify its market presence, achieving sales revenue that has surpassed its original furniture business in Sichuan, becoming a new growth point[11]. - The company is transitioning to a "self-built, self-operated, and self-owned" asset-heavy model in the data center business to meet the increasing demand for AI-driven infrastructure[12]. - The company recognizes the need for self-owned land and power resources to adapt to the evolving data center market driven by AI technology[12]. - The group is focusing on the southwestern region of China as its core operational area while continuing to stabilize existing business operations[11]. - The group is actively seeking opportunities in non-traditional sectors to expand its customer base and drive new growth[21]. - The group is focusing on diversifying its furniture business and enhancing strategic cooperation with core customers to mitigate risks associated with market dependence[15]. - The group plans to enhance its self-built data center capabilities in Inner Mongolia, leveraging the "East Data West Computing" policy and green energy advantages[26]. - The group is focusing on expanding its data center services in Thailand, targeting potential land plots in Rayong and other areas to capture market opportunities[24]. - The group aims to enter the Thai data center market by issuing convertible bonds for land acquisition and construction of data centers, aligning with its development strategy[134]. Market Conditions - The furniture industry continues to face challenges due to a prolonged downturn in the real estate market, with residential investment down by 10.9%[10]. - The competitive landscape in the furniture industry has intensified, with leading companies expanding their market share, making order acquisition increasingly difficult[10]. - The traditional furniture business of Sichuan Qingtian continued to decline, while the smart furniture business of Shangcheng Intelligent showed steady growth, partially offsetting the impact of the contraction in Sichuan Qingtian's business[135]. - The bidding sales revenue for furniture was approximately RMB 20.03 million, accounting for about 39.0% of the furniture sales business during the reporting period, and approximately 28.8% of total revenue[135]. Corporate Governance - The board consists of eight directors, including four executive directors, one non-executive director, and three independent non-executive directors[80]. - The board is committed to maintaining high standards of corporate governance and has complied with applicable code provisions, with some deviations noted[77]. - The company has engaged external auditors to ensure transparency and accountability in financial reporting[77]. - The company has established a rotation policy for directors, requiring one-third of the board to retire at each annual general meeting, ensuring regular re-election[88]. - The independent non-executive directors confirmed their independence and lack of conflicts of interest, complying with GEM listing rules[92]. - The company has adopted a board diversity policy to enhance the effectiveness of the board[111]. - The audit committee reviewed the accounting principles and financial performance, ensuring no significant issues were identified[83]. - The company has implemented various environmental protection measures to minimize its impact on the environment and ensure compliance with applicable regulations[66]. Financial Position - As of June 30, 2025, the company's net current assets were approximately RMB 132 million, an increase from RMB 65 million as of June 30, 2024, including cash and bank balances of RMB 422 million[54]. - The company had no outstanding interest-bearing bank loans as of June 30, 2025, maintaining a current ratio of approximately 1.2, up from 1.1 a year earlier[54]. - The total equity attributable to the company's owners was approximately RMB 359 million as of June 30, 2025, compared to RMB 198 million as of June 30, 2024[55]. - The debt-to-equity ratio as of June 30, 2025, was approximately 2.13 times, a decrease from 2.27 times a year earlier[58]. - The company has no significant capital commitments other than those disclosed in the report[59]. - The company has no significant contingent liabilities as of the report date, aside from disclosed asset pledges[64]. Employee and Management - The total employee count increased to 197 as of June 30, 2025, up from 142 a year earlier, with total employee costs around RMB 15.8 million, compared to RMB 14.6 million in the previous year[65]. - The company has appointed a new CEO effective December 23, 2024, to ensure effective governance and management of the group’s operations[95]. - The company has provided necessary onboarding training for newly appointed directors to ensure their understanding of operations and regulatory responsibilities[91]. Shareholder Information - The company does not recommend the declaration or payment of any interim or final dividends for the year ending June 30, 2025[141]. - The total number of ordinary shares issued as of June 30, 2025, is 153,888,529[171]. - The company has adopted a share option scheme as an incentive for directors and eligible participants[158]. - The stock option plan has a remaining term of approximately 1 year, 5 months, and 19 days until June 30, 2025[188]. - The stock options can be exercised within a period determined by the board, not exceeding ten years from the grant date[187].

ZHI SHENG GROUP HOLDINGS LIMITED 智 昇 集 團 控 股 有 限 公 司 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︰8370） 截至二零二五年六月三十日止年度之 全年業績公告 智昇集團控股有限公司（「本公司」及其附屬公司「本集團」）的董事會（「董事會」） 謹此宣佈，本公司及其子公司截至二零二五年六月三十日止年度之經審核綜合業 績。本公告載有本公司截至二零二五年六月三十日止年度之年報（「年報」）全文， 符合香港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」）有關全年業 績初步公告附載之相關資料要求。載有GEM上市規則所要求資料的年報之印刷版 本將按GEM上市規則所要求方式適時寄發予本公司股東。 承董事會命 智昇集團控股有限公司 行政總裁兼執行董事 賴寧寧 香港，二零二五年九月二十六日 於本公告日期，本公司董事會由執行董事賴寧寧先生、 ...

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，並表明不會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。 CHINA SUPPLY CHAIN HOLDINGS LIMITED 中國供應鏈產業集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：3708） 截至二零二五年六月三十日止年度 之全年業績公告 業績 中國供應鏈產業集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然提呈 以下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年度（「本年度」） 的綜合經審核業績，連同截至二零二四年六月三十日止年度的比較數字： 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年度 | | | 二零二五年 | 二零二四年 | | --- | --- | --- | --- | | | 附註 | 千港元 | 千港元 | | 收益 | 3 | 599,113 | 528,910 | | 銷售成本 | | (567,206) | (495,430) | | 毛利 | | 31,907 | 33,480 ...