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。 CIMC Enric Holdings Limited 中集安瑞科控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：3899） 截 至2025年6月30日止六個月之 中期業績公告 | 財務摘要 | | | | | --- | --- | --- | --- | | | 截 | 至6月30日止六個月 | | | | 2025年 | 2024年 | | | | （未經審核） | （未經審核） | 變 動 | | （人民幣千元） 收 益 | 12,614,294 | 11,479,938 | 9.9% | | （人民幣千元） 淨溢利 | 581,042 | 503,829 | 15.3% | | （人民幣千元） 股權持有人應佔溢利 | 562,132 | 486,141 | 15.6% | | 每股基本盈利 （人民幣元） | 0.278 | 0.241 | 15.4% | 中 集 安 瑞 科 控 股 ...

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佈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。 YUSEI HOLDINGS LIMITED 友成控股有限公司* （於開曼群島註冊成立之有限公司） (股份編號: 96) 截至二零二五年六月三十日止六個月 中期業績公佈 友成控股有限公司（「本公司」）之董事會現呈列本公司及其附屬公司（「本集團」）於 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，連同去年同期比較數字如下： 簡明綜合損益表(未經審核) 截至二零二五年六月三十日止六個月 | | 附註 | 二零二五年 | | | 二零二四年 | | --- | --- | --- | --- | --- | --- | | | | 人民幣千元 | | | 人民幣千元 | | 營業額 | 3 | | 1,008,873 | | 951,936 | | 銷售成本 | | | (868,323) | | (825,012) | | 毛利 | | | 140,550 | | 126,924 | | 其他收入 | ...

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。 杉杉品牌運營股份有限公司 Shanshan Brand Management Co., Ltd. – 1 – 簡明綜合損益及其他全面收入表 截 至2025年6月30日止六個月 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1749） | | | 截 | 至6月30日止六個月 | | --- | --- | --- | --- | | | | 2025年 | 2024年 | | | 附 註 | 人民幣元 | 人民幣元 | | | | （未經審核） | （未經審核） | | 收 入 | 4 | 425,213,042 | 475,669,316 | | 銷售成本 | | (246,145,684) | (279,439,188) | | 毛 利 | | 179,067,358 | 196,230,128 | | 其他收入 | | 321,995 | 1,574,510 | | 其他收益及虧損淨額 ...

[Company Information](index=3&type=section&id=Company%20Information) This section provides an overview of the company's governance structure, including its board and committees, along with essential corporate details such as registration, listing, and key financial partners [Board of Directors and Committees](index=3&type=section&id=Board%20of%20Directors%20and%20Committees) The company's Board of Directors comprises executive, non-executive, and independent non-executive directors, supported by audit, remuneration, nomination, risk management, disclosure, and sustainability committees to ensure effective corporate governance - The Board members include executive directors such as **Yang Xianxiang (Chairman)** and **Xue Mingyuan (CEO)**, non-executive directors like **Yang Xin (Vice Chairman)**, and independent non-executive directors such as **Xie Shaoyi (Chief Independent Non-Executive Director)**[4](index=4&type=chunk) - Committees include the Audit Committee (Chairman: **Liao Jiaying**), Remuneration Committee (Chairman: **Xie Shaoyi**), Nomination Committee (Chairman: **Hu Mantian**), Risk Management Committee (Chairman: **Xie Shaoyi**), Disclosure Committee (Chairman: **Hu Mantian**), and Sustainability Committee (Chairman: **Yang Xin**)[4](index=4&type=chunk) [Company Basic Information](index=3&type=section&id=Company%20Basic%20Information) The company is registered in the Cayman Islands with its headquarters in Hong Kong, listed on The Stock Exchange of Hong Kong Limited under stock code 01308, and partners with major banks, with Ernst & Young as its auditor - The company's registered office is in the Cayman Islands, with its headquarters located in Shui On Centre, Wan Chai, Hong Kong[4](index=4&type=chunk) - Shares are listed on The Stock Exchange of Hong Kong Limited, with stock code **01308**[5](index=5&type=chunk) - Key banking partners include ANZ Bank, Bank of China, Citibank, Standard Chartered Bank, and others, with **Ernst & Young** as the auditor[5](index=5&type=chunk) [Financial and Operational Summary](index=5&type=section&id=Financial%20and%20Operational%20Summary) For the six months ended June 30, 2025, the company achieved significant growth in profit attributable to shareholders, number of operating container vessels, container shipping volume, and net cash flow from operating activities, reflecting robust financial and operational performance 2025 H1 Financial and Operational Summary | Metric | 2025 H1 (Thousand USD/Vessels/TEUs) | 2024 H1 (Thousand USD/Vessels/TEUs) | | :--- | :--- | :--- | | Profit attributable to shareholders | 629,995 | 350,674 | | Number of operating container vessels | 119 | 108 | | Container shipping and extended logistics business volume | 1,829,665 | 1,705,164 | | Net cash flow from operating activities | 708,981 | 394,317 | [Management Discussion and Analysis](index=6&type=section&id=Management%20Discussion%20and%20Analysis) This section provides an in-depth review of the company's business operations, financial performance, liquidity, and capital resources, along with other significant information for the reporting period [Overview and Business Review](index=6&type=section&id=Overview%20and%20Business%20Review) SITC International, a leading Asian shipping and logistics group, deepened its focus on the Asian market in H1 2025, offering container shipping and integrated logistics services, expanding its fleet, trade routes, and port coverage, leading to significant revenue growth driven by increased volume and average freight rates - The Group's business encompasses container shipping, freight forwarding, ship agency, container yard, warehousing services, land leasing, and other services, with a focus on the **Asian market**[11](index=11&type=chunk) - As of June 30, 2025, the Group operated **82 trade routes**, covering **82 major ports** including mainland China, Japan, South Korea, Taiwan, Hong Kong, Vietnam, and Thailand[12](index=12&type=chunk) - The fleet consists of **119 vessels** with a total capacity of **185,787 TEUs**, of which **101 are self-owned vessels**, with an average age of **9.4 years**[12](index=12&type=chunk) 2025 H1 Business Growth | Metric | 2025 H1 | 2024 H1 | Y-o-Y Growth | | :--- | :--- | :--- | :--- | | Revenue (Million USD) | 1,664.5 | 1,300.5 | 28.0% | | Container Volume (TEUs) | 1,829,665 | 1,705,164 | 7.3% | | Average Freight Rate (excluding slot exchange fees) (USD/TEU) | 776.4 | 632.4 | 22.8% | [Financial Review](index=8&type=section&id=Financial%20Review) In H1 2025, the company achieved substantial growth in both revenue and gross profit, primarily driven by increased shipping volume and average freight rates; despite rising cost of sales, administrative expenses, and finance costs, profit for the period significantly increased, demonstrating strong profitability 2025 H1 Key Financial Data | Metric | 2025 H1 (Thousand USD) | 2024 H1 (Thousand USD) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Revenue | 1,664,489 | 1,300,521 | 28.0% increase | | Cost of sales | (995,058) | (897,906) | 10.8% increase | | Gross profit | 669,431 | 402,615 | 66.3% increase | | Gross profit margin | 40.2% | 31.0% | 9.2 percentage points increase | | Other income and gains, net | 37,822 | 20,228 | 87.0% increase | | Administrative expenses | (67,809) | (63,824) | 6.2% increase | | Finance costs | (8,466) | (7,345) | 15.3% increase | | Share of profit of joint ventures | 13,348 | 10,491 | 27.2% increase | | Profit before tax | 643,607 | 362,378 | 77.6% increase | | Profit for the period | 633,448 | 352,846 | 79.5% increase | - The increase in other income and gains, net, was primarily due to higher gains from the disposal of container vessels, recording approximately **13.8 million USD** in H1 2025 compared to approximately **3.4 million USD** in the same period of 2024[18](index=18&type=chunk) - The rise in administrative expenses was mainly attributable to an overall increase in **staff costs**[20](index=20&type=chunk) - The increase in finance costs was primarily due to higher interest on **lease liabilities**[22](index=22&type=chunk) [Liquidity, Financial and Capital Resources](index=12&type=section&id=Liquidity%2C%20Financial%20and%20Capital%20Resources) As of June 30, 2025, the company's total assets and cash and cash equivalents increased, while total liabilities slightly decreased, maintaining healthy current and gearing ratios, indicating robust liquidity and financial structure 2025 H1 Liquidity and Financial Position | Metric | June 30, 2025 (Million USD) | December 31, 2024 (Million USD) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Total assets | 3,339.9 | 3,198.1 | 4.4% increase | | Total liabilities | 753.2 | 776.6 | 3.0% decrease | | Cash and cash equivalents | 799.0 | 744.5 | 7.3% increase | | Current ratio | 2.3 | 1.9 | 0.4 points increase | | Gearing ratio | 0% | 0.9% | 0.9 percentage points decrease | - The company holds approximately **58.6 million USD** in secured interest-bearing bank borrowings with diversified repayment schedules[28](index=28&type=chunk) - The company manages foreign exchange risk by closely monitoring foreign currency exchange rate fluctuations, with **no foreign currency hedging instruments** utilized during the period[28](index=28&type=chunk) [Other Significant Information](index=12&type=section&id=Other%20Significant%20Information) In H1 2025, the company had no significant contingent liabilities, with bank borrowings secured by vessels and land; employee numbers and costs increased, and a new share scheme was adopted for incentives, with future plans to continue investing in vessels, containers, and logistics projects - As of June 30, 2025, the Group had **no significant contingent liabilities**[30](index=30&type=chunk) - Bank borrowings are secured by vessels with a net book value of approximately **120.3 million USD** and land mortgages of **10.4 million USD**[31](index=31&type=chunk) Employee and Remuneration Information | Metric | June 30, 2025 | June 30, 2024 | | :--- | :--- | :--- | | Number of full-time employees (excluding crew) | 2,252 | 2,132 | | Employee costs (including directors' emoluments) (Million USD) | 103.1 | 97.4 | - In H1 2025, **2 new container vessels** were delivered, and options were exercised to construct **2 additional container vessels** for a total consideration of **58.0 million USD**[33](index=33&type=chunk) - The company plans to continue purchasing container vessels and containers, and investing in logistics projects, with internal financial resources and bank borrowings expected to be sufficient to meet funding requirements[34](index=34&type=chunk) [Other Information](index=15&type=section&id=Other%20Information) This section details the interim dividend declaration, various share schemes for employee incentives, directors' and major shareholders' interests, corporate governance practices, and information on share repurchases and public float [Interim Dividend](index=15&type=section&id=Interim%20Dividend) The Board has resolved to declare an interim dividend for the six months ended June 30, 2025, representing a significant increase compared to the same period last year Interim Dividend Declaration | Period | Dividend per share (HKD) | Dividend per share (USD equivalent) | | :--- | :--- | :--- | | 2025 H1 | 1.30 | 0.17 | | 2024 H1 | 0.72 | 0.09 | - The dividend is expected to be paid on or before **September 16, 2025**[36](index=36&type=chunk) [Share Schemes](index=15&type=section&id=Share%20Schemes) The company maintains share incentive schemes to attract and retain talent and foster business development, with the expired Post-IPO Share Option Scheme, the superseded Share Award Scheme, and the newly adopted Share Scheme forming its equity incentive framework [Post-IPO Share Option Scheme](index=15&type=section&id=Post-IPO%20Share%20Option%20Scheme) This scheme aimed to reward contributors to the Group, with a maximum issuance of 10% of issued share capital; it expired on September 9, 2020, and as of June 30, 2025, no outstanding share options remained unexercised - The scheme was adopted on **September 10, 2010**, with a maximum of **260,000,000 shares** issuable, representing **10%** of the then-issued share capital[38](index=38&type=chunk) - The exercise price of share options is the highest of the closing price on the grant date, the average closing price for the five business days immediately preceding the grant date, and the nominal value of the shares[39](index=39&type=chunk) - The scheme expired on **September 9, 2020**, and as of June 30, 2025, the company had **no outstanding share options** under this scheme[40](index=40&type=chunk)[42](index=42&type=chunk) [Share Award Scheme](index=18&type=section&id=Share%20Award%20Scheme) This scheme aimed to recognize, incentivize, and retain eligible participants while attracting talent to the Group; the trustee could not hold more than 5% of the total issued shares, and although superseded by a new scheme on April 26, 2024, some awards remain unvested - The Share Award Scheme was adopted on **September 13, 2017**, to recognize, incentivize, and retain employees and non-executive directors, and to attract suitable talent[43](index=43&type=chunk)[44](index=44&type=chunk) - At any time, the trustee under the Share Award Scheme could not hold more than **5%** of the total issued shares[43](index=43&type=chunk) - The Share Award Scheme was superseded by the New Share Scheme on **April 26, 2024**[45](index=45&type=chunk) Unvested Awards under Share Award Scheme as of June 30, 2025 | Grantees and Positions | Number of unvested awards as of January 1, 2025 | Number of awards vested during the period | Number of unvested awards as of June 30, 2025 | | :--- | :--- | :--- | :--- | | Directors | 6,360,971 | 2,135,000 | 4,225,971 | | Other employees | 27,617,812 | 10,639,526 | 16,730,158 | | **Total** | **33,978,783** | **12,774,526** | **20,956,129** | [New Share Scheme](index=21&type=section&id=Share%20Scheme%20(New)) The New Share Scheme, adopted on April 26, 2024, aims to provide incentives for the Group's business development and success, featuring share limits, individual quotas, and specified exercise and vesting periods for share options - The New Share Scheme was adopted on **April 26, 2024**, to provide incentives to eligible participants and promote the Group's business development[48](index=48&type=chunk)[49](index=49&type=chunk) - The total number of shares authorized under the scheme shall not exceed **10%** of the issued shares on the adoption date, amounting to **268,265,336 shares**[51](index=51&type=chunk) - Awards granted to independent non-executive directors or substantial shareholders shall not exceed **0.1%** of the issued shares within a 12-month period; awards to other directors or chief executives shall also not exceed **0.1%** of the issued shares within 12 months[52](index=52&type=chunk) - The exercise price of share options shall not be less than the highest of the closing price on the offer date, the average closing price for the five business days immediately preceding the offer date, and the nominal value of the shares[59](index=59&type=chunk) Unvested Share Awards under New Share Scheme as of June 30, 2025 | Grantees and Positions | Number of unvested share awards as of January 1, 2025 | Number of share awards granted during the period | Number of unvested share awards as of June 30, 2025 | | :--- | :--- | :--- | :--- | | Directors | 2,220,000 | 3,715,000 | 5,935,000 | | Other employees and connected entity participants | 5,362,548 | 10,285,000 | 15,580,320 | | **Total** | **7,582,548** | **14,000,000** | **21,515,320** | - In H1 2025, a total of **14,000,000 share awards** were granted to selected participants under the share scheme, with **12,729,108** to be settled by new shares[65](index=65&type=chunk) [Directors' and Major Shareholders' Interests](index=29&type=section&id=Directors'%20and%20Major%20Shareholders'%20Interests) The report discloses the long positions of directors and major shareholders in the company's shares and related shares as of June 30, 2025, including beneficial owners, controlled corporate interests, and trust beneficiaries, with Ms. Yang Xin holding the largest proportion through her capacity as a trust beneficiary Directors' Interests in Shares (June 30, 2025) | Director's Name | Nature of Interest | Number of Shares | Approximate Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Yang Xianxiang | Interest in controlled corporation/Beneficial owner | 243,531,246 | 9.02% | | Liu Kecheng | Interest in controlled corporation/Beneficial owner | 44,842,356 | 1.66% | | Lai Zhiyong | Beneficiary of Go Thrive Trust/Beneficial owner | 3,457,205 | 0.13% | | Xue Mingyuan | Beneficiary of Go Thrive Trust/Beneficial owner | 4,714,618 | 0.17% | | Yang Xin | Beneficiary of trust | 1,097,794,544 | 40.66% | | Xie Shaoyi | Beneficial owner | 14,000 | 0.00% | | Liao Jiaying | Beneficial owner | 5,000 | 0.00% | | Hu Mantian | Beneficial owner | 7,000 | 0.00% | Directors' Interests in Related Shares (June 30, 2025) | Director's Name | Nature of Interest | Number of shares to be vested under Share Award Scheme | Approximate percentage of shareholding involved in shares to be vested under Share Award Scheme | | :--- | :--- | :--- | :--- | | Yang Xianxiang | Beneficiary of trust | 4,233,317 | 0.16% | | Liu Kecheng | Beneficiary of trust | 1,590,450 | 0.06% | | Xue Mingyuan | Beneficiary of trust | 2,965,994 | 0.11% | | Lai Zhiyong | Beneficiary of trust | 1,146,210 | 0.04% | | Yang Xin | Beneficiary of trust | 155,000 | 0.01% | | Xie Shaoyi | Beneficiary of trust | 28,000 | 0.00% | | Liao Jiaying | Beneficiary of trust | 21,000 | 0.00% | | Hu Mantian | Beneficiary of trust | 21,000 | 0.00% | Major Shareholders' Interests (June 30, 2025) | Name | Capacity | Number of Shares | Approximate Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Yang Shaopeng | Settlor of discretionary trust | 1,097,794,544 | 40.66% | | TMF (Cayman) Ltd. | Trustee | 1,097,794,544 | 40.66% | | Better Master Limited | Interest in controlled corporation | 1,097,794,544 | 40.66% | | Resourceful Link Management Limited | Beneficial owner | 1,097,794,544 | 40.66% | | Liu Rongli | Spouse's interest | 1,097,794,544 | 40.66% | | Jixiang Limited | Beneficial owner | 233,814,950 | 8.66% | [Corporate Governance](index=32&type=section&id=Corporate%20Governance) The company is committed to maintaining stringent corporate governance practices, confirming compliance with the Corporate Governance Code in Appendix C1 of the Listing Rules for H1 2025, with the Audit Committee having reviewed interim results and financial reporting procedures - For the six months ended June 30, 2025, the Board believes the company has complied with the code provisions of the Corporate Governance Code set out in **Appendix C1 of the Listing Rules**[73](index=73&type=chunk) - Directors have confirmed compliance with the **Model Code for Securities Transactions by Directors of Listed Issuers** as set out in Appendix C3 of the Listing Rules[74](index=74&type=chunk) - The Audit Committee has reviewed the Group's adopted accounting principles and practices, and discussed internal controls and financial reporting matters, including this interim report[77](index=77&type=chunk) [Share Repurchases and Public Float](index=33&type=section&id=Share%20Repurchases%20and%20Public%20Float) The company did not purchase, redeem, or sell any listed securities in H1 2025 and consistently maintained the public float as required by the Listing Rules - For the six months ended June 30, 2025, neither the company nor any of its subsidiaries purchased, redeemed, or sold any of the company's **listed securities**[75](index=75&type=chunk) - The company has consistently maintained the **public float** as required by the Listing Rules throughout the six months ended June 30, 2025[76](index=76&type=chunk) [Interim Condensed Consolidated Financial Information](index=34&type=section&id=Interim%20Condensed%20Consolidated%20Financial%20Information) This section presents the company's interim condensed consolidated financial statements, including the statement of profit or loss, financial position, changes in equity, and cash flows, along with detailed explanatory notes [Interim Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=34&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the six months ended June 30, 2025, the company achieved substantial growth in both revenue and profit for the period, with other comprehensive income shifting from a loss to a gain, significantly boosting total comprehensive income, and both basic and diluted earnings per share showing marked improvement Summary of Interim Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | Metric | 2025 H1 (Thousand USD) | 2024 H1 (Thousand USD) | | :--- | :--- | :--- | | Revenue | 1,664,489 | 1,300,521 | | Gross profit | 669,431 | 402,615 | | Profit before tax | 643,607 | 362,378 | | Profit for the period | 633,448 | 352,846 | | Other comprehensive income/(loss) for the period | 13,990 | (3,519) | | Total comprehensive income for the period | 647,438 | 349,327 | | Basic earnings per share attributable to shareholders of the company (USD) | 0.24 | 0.13 | | Diluted earnings per share attributable to shareholders of the company (USD) | 0.23 | 0.13 | [Interim Condensed Consolidated Statement of Financial Position](index=37&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the company's total assets and total equity both increased, with a significant rise in net current assets, demonstrating a robust asset base and healthy financial structure Summary of Interim Condensed Consolidated Statement of Financial Position | Metric | June 30, 2025 (Thousand USD) | December 31, 2024 (Thousand USD) | | :--- | :--- | :--- | | Total non-current assets | 2,221,864 | 2,174,554 | | Total current assets | 1,118,002 | 1,023,519 | | Total current liabilities | 485,105 | 544,756 | | Net current assets | 632,897 | 478,763 | | Total non-current liabilities | 268,133 | 231,813 | | Net assets (Total equity) | 2,586,628 | 2,421,504 | [Interim Condensed Consolidated Statement of Changes in Equity](index=40&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) For the six months ended June 30, 2025, total equity increased due to profit for the period, other comprehensive income, and share issuance, while decreasing from dividend payments and share repurchases, resulting in a net equity growth Summary of Interim Condensed Consolidated Statement of Changes in Equity | Equity Item | January 1, 2025 (Thousand USD) | Changes during the period (Thousand USD) | June 30, 2025 (Thousand USD) | | :--- | :--- | :--- | :--- | | Issued share capital | 34,641 | 165 | 34,806 | | Share premium account | 411,350 | 34,134 | 445,484 | | Shares held under share award scheme account | (100,774) | 3,838 | (96,936) | | Share-based payment reserve | 73,251 | (32,819) | 40,432 | | Retained profits | 2,007,714 | 142,680 | 2,150,394 | | **Total equity attributable to shareholders of the company** | **2,404,236** | **160,304** | **2,564,540** | | Non-controlling interests | 17,268 | 4,820 | 22,088 | | **Total equity** | **2,421,504** | **165,124** | **2,586,628** | - Profit for the period was **629,995 thousand USD**, and other comprehensive income was **12,774 thousand USD**[87](index=87&type=chunk) - Final dividend of **487,315 thousand USD** for 2024 was paid[87](index=87&type=chunk) [Interim Condensed Consolidated Statement of Cash Flows](index=42&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) For the six months ended June 30, 2025, the company experienced a significant increase in net cash flow from operating activities, a shift from net outflow to net inflow in investing activities, but an increased net outflow from financing activities, ultimately leading to a net increase in cash and cash equivalents Summary of Interim Condensed Consolidated Statement of Cash Flows | Cash Flow Activity | 2025 H1 (Thousand USD) | 2024 H1 (Thousand USD) | | :--- | :--- | :--- | | Net cash flow from operating activities | 708,981 | 394,317 | | Net cash flow from/(used in) investing activities | 7,311 | (138,351) | | Net cash flow used in financing activities | (624,154) | (199,358) | | Net increase in cash and cash equivalents | 92,138 | 56,608 | | Cash and cash equivalents at end of period | 230,236 | 176,458 | - The positive shift in net cash flow from investing activities was primarily due to increased proceeds from the disposal of property, plant and equipment, and withdrawal of time deposits[90](index=90&type=chunk) - The increased net cash outflow from financing activities was mainly attributable to a significant increase in **dividends paid**[92](index=92&type=chunk) [Notes to the Financial Information](index=44&type=section&id=Notes%20to%20the%20Interim%20Condensed%20Consolidated%20Financial%20Information) This section provides detailed notes to the interim condensed consolidated financial information, covering company basic information, accounting policies, operating segments, revenue, expenses, dividends, earnings per share, asset and liability items, capital commitments, related party transactions, and fair value of financial instruments, offering deeper explanations and supplementary information for the financial statements [Company Information and Accounting Policies](index=44&type=section&id=1.1%20Company%20Information) The company is registered in the Cayman Islands, primarily engaged in integrated shipping and logistics services; this interim financial information is prepared in accordance with HKAS 34, with the first-time adoption of revised HKFRSs having no significant impact on the financial data - The company is a limited liability company registered in the Cayman Islands, primarily engaged in providing **integrated shipping and logistics services**[93](index=93&type=chunk) - This interim condensed consolidated financial information is prepared in accordance with **Hong Kong Accounting Standard 34** issued by the Hong Kong Institute of Certified Public Accountants and the disclosure requirements of Appendix D2 of the Listing Rules[94](index=94&type=chunk) - The amendments to **HKAS 21 'Lack of Exchangeability'**, adopted for the first time in this period, had **no impact** on the interim condensed consolidated financial information[95](index=95&type=chunk)[96](index=96&type=chunk) [Operating Segments and Revenue Analysis](index=46&type=section&id=2.%20Operating%20Segment%20Information) The company operates a single segment: integrated shipping and logistics services, with revenue detailed by service type (container shipping and extended logistics, other container logistics) and geographical market (Greater China, Southeast Asia, Japan, etc.), primarily recognized when services are rendered - The Group has only one single operating segment, which is the provision of container shipping, freight forwarding, ship agency, container yard, warehousing services, land leasing, and other services[97](index=97&type=chunk) Revenue Breakdown (2025 H1) | Service Type | Amount (Thousand USD) | Geographical Market | Amount (Thousand USD) | | :--- | :--- | :--- | :--- | | Container shipping and extended logistics revenue | 1,512,689 | Greater China | 820,391 | | Other container logistics revenue | 150,696 | Southeast Asia | 452,476 | | Other rental income | 1,104 | Japan | 287,233 | | **Total** | **1,664,489** | Others | 103,285 | | | | **Total** | **1,664,489** | - Container shipping and extended logistics revenue is recognized over time as services are provided, while other container logistics revenue is recognized at a point in time when services are provided[101](index=101&type=chunk)[102](index=102&type=chunk) [Other Income and Expense Analysis](index=49&type=section&id=4.%20Other%20Income%20and%20Gains%2F(Losses)%20Net) This section details the composition of other income and gains/losses, net, including bank interest income, government grants, and gains from property, plant, and equipment disposal; finance costs primarily comprise bank borrowings interest and lease liabilities interest; profit before tax considers factors like bunker fuel costs, depreciation, and impairment losses, while income tax expense is calculated based on tax rates in different countries/regions Other Income and Gains/(Losses) Net (2025 H1) | Item | Amount (Thousand USD) | | :--- | :--- | | Bank interest income | 19,782 | | Government grants | 772 | | Net gain on disposal of property, plant and equipment | 13,874 | | Net exchange differences | 3,980 | | **Total** | **37,822** | Finance Costs (2025 H1) | Item | Amount (Thousand USD) | | :--- | :--- | | Interest on bank borrowings | 3,288 | | Interest on lease liabilities | 5,097 | | **Total** | **8,466** | Items Deducted From/(Credited To) Profit Before Tax (2025 H1) | Item | Amount (Thousand USD) | | :--- | :--- | | Bunker fuel consumed | 150,190 | | Depreciation of property, plant and equipment | 2,276 | | Depreciation of right-of-use assets | 1,472 | | Net impairment loss on trade receivables | 516 | Income Tax Expense (2025 H1) | Region | Amount (Thousand USD) | | :--- | :--- | | Mainland China | 3,206 | | Hong Kong | 254 | | Other countries/regions | 6,699 | | **Total** | **10,159** | [Dividends and Earnings Per Share](index=53&type=section&id=8.%20Interim%20Dividend) The Board has declared an interim dividend of HKD 1.30 per share; basic and diluted earnings per share are calculated based on profit attributable to shareholders and the weighted average number of ordinary shares outstanding, considering the dilutive effect of share options and share award schemes - The Board declared an interim dividend of **HKD 1.30 per share** (equivalent to **0.17 USD**), totaling **447,118 thousand USD**[110](index=110&type=chunk) - Basic earnings per share are calculated based on the profit attributable to shareholders of the company for the period and the weighted average number of ordinary shares outstanding during the period, less shares held under the share award scheme[111](index=111&type=chunk) Earnings Per Share Calculation Data (2025 H1) | Metric | 2025 H1 | 2024 H1 | | :--- | :--- | :--- | | Profit attributable to shareholders of the company used in calculating basic and diluted EPS (Thousand USD) | 629,995 | 350,674 | | Weighted average number of ordinary shares used in calculating basic EPS | 2,653,048,042 | 2,645,698,301 | | Dilutive effect - weighted average of share options | 28,417 | 448,884 | | Dilutive effect - weighted average of shares held under share award scheme | 38,112,092 | 37,011,444 | | Weighted average number of ordinary shares used in calculating diluted EPS | 2,691,188,551 | 2,683,158,629 | [Notes on Assets and Liabilities](index=55&type=section&id=10.%20Property%2C%20Plant%20and%20Equipment) This section details the acquisition and disposal of property, plant, and equipment, provides an aging analysis and impairment provisions for trade receivables, and outlines the aging and credit terms for trade payables, while also disclosing the composition of financial assets at fair value through profit or loss and contract liabilities Changes in Property, Plant and Equipment (2025 H1) | Item | 2025 H1 (Thousand USD) | 2024 H1 (Thousand USD) | | :--- | :--- | :--- | | Acquisition at cost | 79,815 | 115,495 | | Disposal at carrying amount | 15,989 | 2,520 | Aging Analysis of Trade Receivables (June 30, 2025) | Aging | Amount (Thousand USD) | | :--- | :--- | | Within 1 month | 134,718 | | 1 to 2 months | 20,095 | | 2 to 3 months | 7,797 | | Over 3 months | 7,780 | | **Total** | **170,390** | - The provision for impairment loss on trade receivables was **945 thousand USD** as of June 30, 2025, an increase from **518 thousand USD** as of December 31, 2024[118](index=118&type=chunk) - Financial assets at fair value through profit or loss, representing unlisted investments, were **zero** as of June 30, 2025, compared to **690 thousand USD** as of December 31, 2024[121](index=121&type=chunk) Aging Analysis of Trade Payables (June 30, 2025) | Aging | Amount (Thousand USD) | | :--- | :--- | | Within 1 month | 225,806 | | 1 to 2 months | 20,963 | | 2 to 3 months | 9,602 | | Over 3 months | 25,258 | | **Total** | **281,629** | - Other payables and accrued expenses include **21,934 thousand USD** in contract liabilities, representing advances received from customers for container shipping services[123](index=123&type=chunk) Changes in Issued Share Capital (2025 H1) | Reason for Change | Number of Shares | Thousand USD Equivalent | | :--- | :--- | :--- | | As of January 1, 2025 | 2,687,119,908 | 34,641 | | New shares issued upon exercise of share options | 139,000 | 2 | | Shares issued under share scheme | 12,729,108 | 163 | | **As of June 30, 2025** | **2,699,988,016** | **34,806** | [Capital Commitments and Related Party Transactions](index=61&type=section&id=16.%20Capital%20Commitments) As of June 30, 2025, the company had approximately 267 million USD in capital commitments for vessel acquisitions and 4.18 million USD for smart container yard construction; this section also details various related party transactions with companies controlled by the controlling shareholder and joint ventures, along with the composition of key management personnel's remuneration Capital Commitments (June 30, 2025) | Item | Amount (Thousand USD) | | :--- | :--- | | Acquisition of vessels | 266,616 | | Construction of smart container yard | 4,183 | | **Total** | **270,799** | Related Party Transactions (2025 H1) | Transaction Type | Companies controlled by controlling shareholder (Thousand USD) | Joint ventures (Thousand USD) | | :--- | :--- | :--- | | Container shipping services income | 12,804 | 61,021 | | Ocean freight forwarding services income | - | 202,446 | | Container vessel charter hire expenses | 4,404 | - | | Freight forwarding services expenses | - | 11,794 | | Land and building rental income | - | 1,350 | Key Management Personnel Remuneration (2025 H1) | Remuneration Type | Amount (Thousand USD) | | :--- | :--- | | Short-term employee benefits | 1,171 | | Post-employment benefits | 18 | | Share-based payment expenses | 3,040 | | **Total** | **4,229** | [Fair Value of Financial Instruments](index=63&type=section&id=18.%20Fair%20Value%20and%20Fair%20Value%20Hierarchy%20of%20Financial%20Instruments) This section explains the valuation methods for financial instruments' fair value, primarily using present value techniques, and presents the fair value measurement of derivative financial instruments by fair value hierarchy (Level 2: significant observable inputs), with no transfers between Level 1 and Level 2, or into or out of Level 3 during the period - The fair value of financial instruments is accounted for at the amount for which an instrument could be exchanged in a current transaction between willing parties, estimated using **present value techniques**[131](index=131&type=chunk)[132](index=132&type=chunk) - Derivative financial instruments, including forward currency contracts and interest rate swaps, are measured using valuation techniques similar to forward pricing and swap models, applying **present value techniques**[132](index=132&type=chunk) Assets Measured at Fair Value (June 30, 2025) | Item | Level 2 (Thousand USD) | Total (Thousand USD) | | :--- | :--- | :--- | | Derivative financial instruments | 53,697 | 53,697 | - During the period, there were **no transfers** between Level 1 and Level 2, nor any transfers into or out of Level 3 for fair value measurements of financial assets and financial liabilities[135](index=135&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。 SUPER HI INTERNATIONAL HOLDING LTD. 特海国际控股有限公司 （於開曼群島註冊成立的有限公司） （香港交易所股份代號：9658；納斯達克股票代碼：HDL） 截至2025年6月30日止六個月 的中期業績公告 特海国际控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公司 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」）的未經審 核綜合業績，連同2024年同期的比較數字。中期業績已經本公司審計委員會（「審 計委員會」）審閱。 本公告所載若干金額及百分比數字已作四捨五入調整或已四捨五入取至小數點後 一位或兩位數。任何表格、圖表或其他地方所示總額與所列數額總和的任何差異 乃因四捨五入所致。 主要財務摘要 | 截至6月30日止六個月 | 2025年 | 2024年 | | | | | | | --- | --- | --- | --- ...

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。 KE Holdings Inc. 貝殼控股有限公司 （於開曼群島註冊成立以不同投票權控制的有限責任公司） （股份代號：2423） 內幕消息 貝殼控股有限公司公佈2025年第二季度 未經審計財務業績及擴大及延長股份回購計劃 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.09條及《證券及期貨 條例》（第571章）第XIVA部而刊發。 中國北京，2025年8月26日－領先的線上線下一體化的房產交易和服務平台貝 殼控股有限公司（「貝殼」或「本公司」）（紐交所代碼：BEKE；香港聯交所代號： 2423）今日公佈其截至2025年6月30日止第二季度未經審計財務業績，有關業績乃 根據不同於國際財務報告準則的美國公認會計準則（「公認會計準則」）編製，並公 佈擴大及延長股份回購計劃。 本公司股東及潛在投資者於買賣本公司證券時務請審慎行事。 2025年第二季度業務及財務摘要 • 總交易額1為人民幣8,787億元 ...

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，並明確表示概不就因本公佈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。 LONKING HOLDINGS LIMITED 中國龍工控股有限公司* （於開曼群島註冊成立的有限公司） （股份代號：3339） * 僅供識別 - 1 - | | | 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） | | | 附註 | 人民幣千元 | 人民幣千元 | | 除稅前溢利 | 6 | 735,663 | 591,053 | | 所得稅開支 | 7 | (103,828) | (132,545) | | 期內溢利 | | 631,835 | 458,508 | | 下列各方應佔： | | | | | 母公司擁有人 | | 631,728 | 458,353 | | 非控股權益 | | 107 | 155 | | | | 631,835 | 458,508 | | 母公司普 ...

[Overview](index=2&type=section&id=Overview) The company's financial performance for the six months ended June 30, 2025, significantly improved, with substantial revenue growth and a turnaround to net profit; the Board does not recommend a dividend payment 2025 Half-Year Key Financial Data Comparison | Indicator | Six Months Ended June 30, 2025 (HK$ thousand) | Six Months Ended June 30, 2024 (HK$ thousand) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 10,904 | 6,094 | +78.9% | | Profit/(Loss) Attributable to Owners of the Company | 219 | (19,558) | Turnaround to Profit | | Basic Earnings/(Loss) Per Share (HK cents) | 0.23 | (20.37) | Turnaround to Profit | | Dividends | Nil | Nil | - | [Unaudited Condensed Consolidated Interim Results](index=3&type=section&id=Unaudited%20Condensed%20Consolidated%20Interim%20Results) This section presents the Group's unaudited condensed consolidated financial statements for the six months ended June 30, 2025, including the statement of profit or loss and other comprehensive income, statement of financial position, statement of changes in equity, and statement of cash flows, compared with the corresponding period in 2024 [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) The Group achieved revenue of HK$10,904 thousand in the first half of 2025, a significant increase year-on-year, turning from a loss to a profit primarily due to fair value changes of financial assets at fair value through profit or loss Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (Summary) | Indicator | Six Months Ended June 30, 2025 (HK$ thousand) | Six Months Ended June 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Revenue | 10,904 | 6,094 | | Other income | 2,355 | 1,066 | | Fair value changes of financial assets at fair value through profit or loss | 1,410 | (9,855) | | Administrative and other operating expenses | (13,588) | (16,505) | | Finance costs | (862) | (358) | | Profit/(Loss) before taxation | 219 | (19,558) | | Profit/(Loss) and total comprehensive income/(expense) for the period attributable to owners of the Company | 219 | (19,558) | | Basic and diluted earnings/(loss) per share (HK cents) | 0.23 | (20.37) | [Condensed Consolidated Statement of Financial Position](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the Group's total assets significantly increased, driven by higher trade receivables and bank balances in trust accounts, while current liabilities also rose substantially, leading to a decrease in the current ratio Condensed Consolidated Statement of Financial Position (Summary) | Indicator | As of June 30, 2025 (HK$ thousand) | As of December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Non-current assets | 21,155 | 20,367 | | Current assets | 188,588 | 144,056 | | Total assets | 209,743 | 164,423 | | Current liabilities | 87,260 | 42,159 | | Net current assets | 101,328 | 101,897 | | Net assets | 122,483 | 122,264 | | Total equity | 122,483 | 122,264 | [Condensed Consolidated Statement of Changes in Equity](index=5&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) The Group's total equity for the six months ended June 30, 2025, slightly increased, primarily due to a profit of HK$219 thousand for the period, reversing the loss from the prior year Condensed Consolidated Statement of Changes in Equity (Summary) | Indicator | As of June 30, 2025 (HK$ thousand) | As of June 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Balance at beginning of period | 122,264 | 139,822 | | Profit/(Loss) and total comprehensive income/(expense) for the period | 219 | (19,558) | | Balance at end of period | 122,483 | 120,264 | [Condensed Consolidated Statement of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) The Group experienced a significant increase in net cash outflow from operating activities in the first half of 2025, but net cash inflow from financing activities improved substantially, resulting in a net decrease of HK$2,450 thousand in cash and cash equivalents Condensed Consolidated Statement of Cash Flows (Summary) | Indicator | Six Months Ended June 30, 2025 (HK$ thousand) | Six Months Ended June 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Net cash used in operating activities | (27,247) | (633) | | Net cash generated from investing activities | 299 | 1,489 | | Net cash generated from/(used in) financing activities | 24,498 | (916) | | Net decrease in cash and cash equivalents | (2,450) | (60) | | Cash and cash equivalents at end of period | 12,957 | 12,338 | [Notes to the Condensed Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed notes to the condensed consolidated financial statements, covering company information, accounting policies, financial metric composition and changes, related party transactions, and fair value measurement of financial instruments [1. General Information](index=7&type=section&id=1.%20General%20Information) The Company is incorporated in the Cayman Islands, listed on GEM of the Stock Exchange, and primarily engaged in brokerage, placing and underwriting, corporate finance advisory, financing, and asset management services - The Company is an investment holding company, with principal activities including brokerage services, placing and underwriting, corporate finance advisory, financing services (including securities and IPO financing), and asset management services[9](index=9&type=chunk) - The Company's ultimate holding company is Autumn Ocean Limited, wholly owned by Mr. Poon Chik, the Chairman[9](index=9&type=chunk) [2. Basis of Preparation](index=7&type=section&id=2.%20Basis%20of%20Preparation) These interim financial statements are prepared in accordance with HKFRS 34 and GEM Listing Rules, with consistent accounting policies as annual financial statements, and new/amended standards have no material impact on current period financial performance - The unaudited condensed consolidated financial statements are prepared in accordance with Hong Kong Financial Reporting Standard 34 and Chapter 18 of the GEM Listing Rules issued by the Hong Kong Institute of Certified Public Accountants[11](index=11&type=chunk) - The application of new and revised Hong Kong Financial Reporting Standards had no material impact on the financial performance and position for the current period[11](index=11&type=chunk) [3. Revenue and Segment Information](index=9&type=section&id=3.%20Revenue%20and%20Segment%20Information) The Group operates in a single segment, providing diversified financial services, with total revenue reaching HK$10,904 thousand in H1 2025, a significant year-on-year increase driven by interest income from securities and IPO financing and brokerage service commissions - The Group has only one operating segment, which is the provision of brokerage services, placing and underwriting services, corporate finance advisory services, financing services, and asset management services[15](index=15&type=chunk) Revenue Composition by Service Type | Service Type | Six Months Ended June 30, 2025 (HK$ thousand) | Six Months Ended June 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Brokerage services – commission and service fees | 2,520 | 621 | | Placing and underwriting – commission and service fees | 1,033 | 728 | | Corporate finance advisory service fees | 2,150 | 1,450 | | Asset management services – management fees | 21 | 221 | | Total revenue from contracts with customers | 5,724 | 3,020 | | Interest income from securities and IPO financing | 5,180 | 3,074 | | **Total Revenue** | **10,904** | **6,094** | [4. Other Income](index=10&type=section&id=4.%20Other%20Income) The Group's other income significantly increased in the first half of 2025, primarily due to gains from the sale of trade receivables under factoring arrangements and higher bank interest income Other Income Composition | Income Source | Six Months Ended June 30, 2025 (HK$ thousand) | Six Months Ended June 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Bank interest income | 758 | 226 | | Interest income from debt securities | 574 | 574 | | Gain on disposal of trade receivables under factoring arrangements | 705 | — | | Handling fee income | 266 | 192 | | **Total** | **2,355** | **1,066** | [5. Profit/(Loss) Before Taxation](index=10&type=section&id=5.%20Profit%2F%28Loss%29%20Before%20Taxation) The Group achieved a profit before taxation of HK$219 thousand in the first half of 2025, reversing the loss from the prior year, primarily influenced by fair value gains and reduced administrative expenses - Profit before taxation turned from a **loss of HK$19,558 thousand** in the corresponding period of 2024 to a **profit of HK$219 thousand** in the first half of 2025[5](index=5&type=chunk) - Administrative and other operating expenses decreased by **17.7% to HK$13,588 thousand**, mainly due to reduced legal and professional fees and depreciation[19](index=19&type=chunk)[46](index=46&type=chunk) - Finance costs increased by **140.8% to HK$862 thousand**, primarily due to higher interest paid to margin/cash clients and other borrowing interest[19](index=19&type=chunk)[47](index=47&type=chunk) [6. Income Tax Expense](index=11&type=section&id=6.%20Income%20Tax%20Expense) The Group made no provision for Hong Kong profits tax in the first half of 2025 or 2024, as there were no assessable profits - The Group had no assessable profits arising in or derived from Hong Kong for the six months ended June 30, 2025, and 2024, thus no provision for Hong Kong profits tax was made[20](index=20&type=chunk) [7. Dividends](index=11&type=section&id=7.%20Dividends) The Board does not recommend the payment of any dividend for the six months ended June 30, 2025 - The Board does not recommend the payment of any dividend for the six months ended June 30, 2025[21](index=21&type=chunk) [8. Earnings/(Loss) Per Share](index=11&type=section&id=8.%20Earnings%2F%28Loss%29%20Per%20Share) The Group's basic earnings per share for H1 2025 was **0.23 HK cents**, a significant improvement from the basic loss per share of **20.37 HK cents** in the prior year, with share options not included in diluted EPS calculations due to exercise price or anti-dilutive effect Earnings/(Loss) Per Share Comparison | Indicator | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Profit/(Loss) for the period attributable to owners of the Company (HK$ thousand) | 219 | (19,558) | | Weighted average number of ordinary shares | 96,000,000 | 96,000,000 | | Basic and diluted earnings/(loss) per share (HK cents) | 0.23 | (20.37) | - For the six months ended June 30, 2025, the calculation of diluted earnings per share did not assume the exercise of share options, as their exercise price was higher than the average market price of the shares[22](index=22&type=chunk) [9. Property, Plant and Equipment](index=12&type=section&id=9.%20Property%2C%20Plant%20and%20Equipment) The Group acquired approximately HK$108 thousand in property, plant, and equipment during the first half of 2025 - The Group acquired approximately **HK$108 thousand** in property, plant and equipment during the first half of 2025[24](index=24&type=chunk) [10. Trade Receivables](index=12&type=section&id=10.%20Trade%20Receivables) The Group's total trade receivables significantly increased to HK$105,976 thousand, primarily driven by securities trading receivables from margin clients, with the company maintaining strict credit risk control and requiring collateral from margin clients Trade Receivables Composition | Type | As of June 30, 2025 (HK$ thousand) | As of December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Securities trading – cash clients | 1,289 | 218 | | Securities trading – margin clients | 100,609 | 75,509 | | Clearing house | 3,518 | — | | Futures contract trading – clearing house | 195 | 295 | | Corporate finance advisory services | 365 | 168 | | **Total** | **105,976** | **76,190** | - Margin client loans are secured by securities with a market value of approximately **HK$298,040 thousand** (December 31, 2024: approximately HK$201,116 thousand)[26](index=26&type=chunk) [11. Financial Assets at Fair Value Through Profit or Loss](index=14&type=section&id=11.%20Financial%20Assets%20at%20Fair%20Value%20Through%20Profit%20or%20Loss) The Group's total financial assets at fair value through profit or loss slightly increased, primarily comprising Hong Kong-listed equity securities and unlisted investment fund units outside Hong Kong Financial Assets at Fair Value Through Profit or Loss Composition | Asset Type | As of June 30, 2025 (HK$ thousand) | As of December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Listed equity securities in Hong Kong | 5,160 | 5,929 | | Unlisted investment funds outside Hong Kong | 12,310 | 11,488 | | **Total** | **17,470** | **17,417** | [12. Trade Payables](index=15&type=section&id=12.%20Trade%20Payables) The Group's trade payables significantly increased to HK$54,130 thousand, primarily driven by cash and margin payables to securities trading clients, with a notable increase in client monies held in trust accounts Trade Payables Composition | Type | As of June 30, 2025 (HK$ thousand) | As of December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Securities trading – cash clients | 35,790 | 16,235 | | Securities trading – margin clients | 17,501 | 15,267 | | Securities trading – clearing house | 363 | 1,974 | | Futures contract trading – clients | 476 | 497 | | **Total** | **54,130** | **33,973** | - As of June 30, 2025, approximately **HK$49,593 thousand** (December 31, 2024: approximately HK$32,450 thousand) of trade payables represented client monies held in trust accounts[30](index=30&type=chunk) [13. Share Capital](index=16&type=section&id=13.%20Share%20Capital) The Company's authorized share capital is HK$20,000 thousand, with issued and fully paid share capital of HK$9,600 thousand, comprising 96,000,000 ordinary shares, unchanged during the period Share Capital Details | Type | Number of Ordinary Shares | Share Capital (HK$ thousand) | | :--- | :--- | :--- | | Authorized share capital | 200,000,000 | 20,000 | | Issued and fully paid share capital | 96,000,000 | 9,600 | [14. Significant Related Party Transactions](index=16&type=section&id=14.%20Significant%20Related%20Party%20Transactions) The Group engaged in several significant transactions with related parties, including Mr. Poon, his close family members, and key management personnel, primarily involving commission income, interest income, and trade receivables/payables, with an increase in total key management personnel compensation Nature and Amount of Transactions with Related Parties | Related Party | Nature of Transaction | Six Months Ended June 30, 2025 (HK$ thousand) | Six Months Ended June 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | :--- | | Mr. Poon | Commission income | 23 | 13 | | Mr. Poon | Interest income | 44 | 44 | | Close family members of Mr. Poon | Commission income | 60 | 23 | | Close family members of Mr. Poon | Interest income | 110 | 223 | Key Management Personnel Compensation | Compensation Item | Six Months Ended June 30, 2025 (HK$ thousand) | Six Months Ended June 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Salaries and other benefits in kind | 3,633 | 3,492 | | Contributions to retirement benefit schemes | 45 | 45 | | **Total** | **3,678** | **3,537** | [15. Fair Value Measurement of Financial Instruments](index=19&type=section&id=15.%20Fair%20Value%20Measurement%20of%20Financial%20Instruments) The Group's financial assets are measured at fair value using Level 1 (listed equity securities) and Level 2 (unlisted investment fund units), with no transfers between fair value hierarchies during the period - Fair value measurements are categorized into Level 1 (quoted prices in active markets) and Level 2 (observable inputs other than quoted prices included within Level 1)[37](index=37&type=chunk) Financial Assets Measured at Fair Value | Financial Asset | As of June 30, 2025 (HK$ thousand) | As of December 31, 2024 (HK$ thousand) | Fair Value Hierarchy | Valuation Technique | | :--- | :--- | :--- | :--- | :--- | | Listed equity securities | 5,160 | 5,929 | Level 1 | Market quotations in active markets | | Unlisted investment fund units | 12,310 | 11,488 | Level 2 | Net asset value of the fund | [Management Discussion and Analysis](index=20&type=section&id=Management%20Discussion%20and%20Analysis) This section provides a detailed review of the Group's business and financial performance for H1 2025, analyzing revenue and expense changes, outlining future economic outlook and strategies, and disclosing employee information, liquidity, material investments, and future plans [Business Review](index=20&type=section&id=Business%20Review) The Group's financial performance significantly improved in H1 2025, with revenue growing by **78.9%** year-on-year and a turnaround to a net profit of **HK$219 thousand**, primarily driven by increased financing interest income, brokerage commissions, and fair value gains on financial assets - The Group's revenue significantly increased by **78.9%** from **HK$6,094 thousand** in the corresponding period of 2024 to **HK$10,904 thousand** in the first half of 2025[40](index=40&type=chunk) - A net profit of **HK$219 thousand** was recorded for the period, compared to a net loss of **HK$19,558 thousand** in the corresponding period, marking a turnaround to profit[40](index=40&type=chunk) - The turnaround to profit was mainly attributable to a net gain of **HK$1,410 thousand** from fair value changes of financial assets at fair value through profit or loss (compared to a loss of **HK$9,855 thousand** in the corresponding period), significant revenue growth, and reduced administrative expenses[40](index=40&type=chunk) [Financial Review](index=20&type=section&id=Financial%20Review) This section details the Group's financial metric changes, including revenue, other income, fair value changes of financial assets, administrative and other operating expenses, finance costs, and profit/loss for the period, revealing specific drivers of performance improvement [Revenue](index=20&type=section&id=Revenue) The Group's revenue surged by **78.9%**, primarily driven by significant increases in brokerage service commissions, corporate finance advisory fees, and interest income from securities and IPO financing; asset management fees sharply declined due to fund termination, but new individual client services were introduced - Brokerage service commissions and service fees significantly increased by **305.8% to HK$2,520 thousand**, mainly due to improved stock market sentiment leading to higher total client securities trading volume[41](index=41&type=chunk) - Interest income from securities and IPO financing increased by **68.5% to HK$5,180 thousand**, primarily due to providing comprehensive offer financing services to an offeror[42](index=42&type=chunk) - Asset management service fees decreased by **90.5% to HK$21 thousand**, mainly due to the termination of Astrum China Fund on May 31, 2024, though the Group has commenced providing asset management services to individual clients[43](index=43&type=chunk) [Other Income](index=22&type=section&id=Other%20Income) Other income increased by **120.9%** year-on-year, primarily benefiting from gains on the sale of written-off trade receivables under factoring arrangements and higher bank deposit interest income - Other income increased by **120.9%** from **HK$1,066 thousand** in the corresponding period to **HK$2,355 thousand** in the current period[44](index=44&type=chunk) - This was mainly due to the recognition of a gain of **HK$705 thousand** from the sale of margin loan receivables under factoring arrangements and an increase in bank deposit interest income to **HK$758 thousand**[44](index=44&type=chunk) [Fair Value Changes of Financial Assets at Fair Value Through Profit or Loss](index=22&type=section&id=Fair%20Value%20Changes%20of%20Financial%20Assets%20at%20Fair%20Value%20Through%20Profit%20or%20Loss) The Group's financial assets at fair value through profit or loss turned from a loss of **HK$9,855 thousand** in the prior period to a net gain of **HK$1,410 thousand** in the current period, reflecting strong performance in listed equity securities and unlisted investment funds - A net gain of **HK$1,410 thousand** from financial assets at fair value through profit or loss was recorded for the current period, compared to a loss of **HK$9,855 thousand** in the corresponding period[45](index=45&type=chunk) - This includes a fair value gain of **HK$588 thousand** on listed equity securities (compared to a loss of **HK$1,933 thousand** in the corresponding period) and a fair value gain of **HK$822 thousand** on unlisted investment funds (compared to a loss of **HK$7,922 thousand** in the corresponding period)[45](index=45&type=chunk) [Administrative and Other Operating Expenses](index=22&type=section&id=Administrative%20and%20Other%20Operating%20Expenses) Administrative and other operating expenses decreased by **17.7%**, primarily due to reductions in legal and professional fees and depreciation of property, plant, and equipment - Administrative and other operating expenses decreased by **17.7%** from **HK$16,505 thousand** in the corresponding period to **HK$13,588 thousand** in the current period[46](index=46&type=chunk) - This was mainly attributable to a decrease of **HK$1,637 thousand** in legal and professional fees and a decrease of **HK$812 thousand** in depreciation of property, plant and equipment[46](index=46&type=chunk) [Finance Costs](index=22&type=section&id=Finance%20Costs) Finance costs increased by **140.8%**, primarily due to higher interest paid to margin/cash clients and other borrowing interest expenses - Finance costs increased by **140.8%** from **HK$358 thousand** in the corresponding period to **HK$862 thousand** in the current period[47](index=47&type=chunk) - This was mainly due to an increase of **HK$230 thousand** in interest paid to margin/cash clients and an increase of **HK$274 thousand** in other borrowing interest expenses[47](index=47&type=chunk) [Loss for the Period](index=22&type=section&id=Loss%20for%20the%20Period) A profit of **HK$219 thousand** was recorded for the current period, successfully reversing the loss of **HK$19,558 thousand** in the corresponding period last year - A profit of **HK$219 thousand** was recorded for the current period, compared to a loss of **HK$19,558 thousand** in the corresponding period[48](index=48&type=chunk) [Prospects](index=23&type=section&id=Prospects) Hong Kong's economy continued robust expansion in H1 2025, yet the global economy faces challenges from geopolitical instability, US tariff policies, and slower Fed rate cuts; the Group will adopt a prudent and balanced risk management approach and has completed and is undertaking multiple placing and corporate finance engagements - Hong Kong's economy continued its steady expansion in the first half of 2025, with real GDP growing by **3.0%** and **3.1%** respectively[49](index=49&type=chunk) - The global economy faces ongoing volatility and challenges, including US tariff policies, the Federal Reserve maintaining high interest rates, and geopolitical conflicts[49](index=49&type=chunk)[50](index=50&type=chunk) - The Group's management will regularly review and adjust business strategies with a prudent and balanced risk management approach[50](index=50&type=chunk) - As of the announcement date, the Group has completed one placing and underwriting service engagement and has four engagements in progress (one placing and underwriting, three corporate finance advisory)[50](index=50&type=chunk) [Employee Information](index=24&type=section&id=Employee%20Information) As of June 30, 2025, the Group had 27 employees and 11 account executives, with an increase in total staff costs; the company ensures employee competence and motivation through compensation reviews and continuous professional training - As of June 30, 2025, the Group had **27 employees** and **11 account executives**, consistent with December 31, 2024[51](index=51&type=chunk) - Total staff costs (including directors' emoluments) for the period were approximately **HK$8,844 thousand**, an increase from **HK$8,237 thousand** in the corresponding period[51](index=51&type=chunk) - The Group has a share option scheme to reward and incentivize employees and provides continuous professional training to update employee knowledge and skills[52](index=52&type=chunk) [Liquidity and Financial Resources](index=25&type=section&id=Liquidity%20and%20Financial%20Resources) The Group primarily relies on internal resources and short-term unsecured borrowings for operations; total assets and bank balances and cash significantly increased, but liquidity and gearing ratios fluctuated, reflecting business expansion and increased borrowing - The Group primarily relies on internal resources and short-term unsecured borrowings to support its operations, capital expenditures, and other capital requirements[53](index=53&type=chunk) - The Group had no assets pledged as of June 30, 2025[54](index=54&type=chunk) - The Group's turnover and cost of business are mainly denominated in Hong Kong Dollars, resulting in minimal foreign exchange risk[55](index=55&type=chunk) Key Liquidity and Financial Resources Indicators | Indicator | As of June 30, 2025 (HK$ thousand) | As of December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Total assets | 209,743 | 164,423 | | Total equity attributable to owners of the Company | 122,483 | 122,264 | | Net current assets | 101,328 | 101,897 | | Current ratio | 2.2 times | 3.4 times | | Total bank balances and cash | 62,670 | 47,976 | | Unsecured borrowings | 32,116 | 7,035 | | Gearing ratio | 26.2% | 5.8% | | Available unutilized loan facilities | 38,000 | 3,000 | [Material Investments](index=26&type=section&id=Material%20Investments) The Group's material investment is Original Global Funds SPC - Original Growth Opportunities SP3 (unlisted investment fund), representing **5.9%** of total assets; the fund performed well through diversified strategies, and future focus remains on technology and market changes - The Group's material investment is Original Global Funds SPC - Original Growth Opportunities SP3 (an unlisted investment fund), with an **88.88%** holding, representing **5.9%** of the Group's total assets[57](index=57&type=chunk) - Original Growth SP3, through its diversified investment strategy, performed well during the period, and will continue to closely monitor market changes and maintain active and prudent portfolio management in the future[58](index=58&type=chunk) - The Directors are cautiously optimistic about the future prospects of Original Growth SP3 and expect it to continue enhancing the Group's investment returns[59](index=59&type=chunk) [Material Acquisitions or Disposals](index=27&type=section&id=Material%20Acquisitions%20or%20Disposals) The Group had no other material acquisitions or disposals of subsidiaries and associates during the period - The Group had no other material acquisitions or disposals of subsidiaries and associates during the period[60](index=60&type=chunk) [Future Plans for Material Investments or Capital Assets](index=27&type=section&id=Future%20Plans%20for%20Material%20Investments%20or%20Capital%20Assets) As of the announcement date, the Board has no plans to authorize any material investments or additions to capital assets - As of the announcement date, the Board has no plans to authorize any material investments or additions to capital assets[61](index=61&type=chunk) [Commitments](index=27&type=section&id=Commitments) As of June 30, 2025, the Group had future minimum lease payment commitments of **HK$1,962 thousand** for office premises but no capital commitments - As of June 30, 2025, the Group had future minimum lease payment commitments of **HK$1,962 thousand** for office premises[62](index=62&type=chunk) - As of June 30, 2025, the Group had no capital commitments[63](index=63&type=chunk) [Contingent Liabilities](index=27&type=section&id=Contingent%20Liabilities) As of June 30, 2025, the Group had no material contingent liabilities - As of June 30, 2025, the Group had no material contingent liabilities[64](index=64&type=chunk) [Events After Reporting Period](index=27&type=section&id=Events%20After%20Reporting%20Period) As of the announcement date, the Directors were not aware of any significant events concerning the Group's business or financial performance - As of the announcement date, the Directors were not aware of any significant events concerning the Group's business or financial performance[65](index=65&type=chunk) [Other Information](index=28&type=section&id=Other%20Information) This section discloses directors' and substantial shareholders' equity interests, share option scheme details, corporate governance practices (including deviations from the code), and specific disclosures under GEM Listing Rules, such as material loan financing agreements [Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares and Debentures of the Company or any Associated Corporation](index=28&type=section&id=Directors'%20and%20Chief%20Executive's%20Interests%20and%20Short%20Positions%20in%20Shares%2C%20Underlying%20Shares%20and%20Debentures%20of%20the%20Company%20or%20any%20Associated%20Corporation) As of June 30, 2025, Mr. Poon Chik held **56.32%** of the Company's shares and underlying shares, and Mr. Kwan Chun Yee held **0.83%** of underlying shares, primarily through controlled corporate interests and share options Directors' and Chief Executive's Long Positions in Shares and Underlying Shares of the Company | Director's Name | Capacity/Nature of Interest | Number of Shares Held | Number of Underlying Shares Held | Total | Approximate Percentage of Equity | | :--- | :--- | :--- | :--- | :--- | :--- | | Mr. Poon | Interest of controlled corporation/Beneficial owner | 53,268,500 | 800,000 | 54,068,500 | 56.32% | | Mr. Kwan | Beneficial owner | — | 800,000 | 800,000 | 0.83% | - Mr. Poon holds **53,268,500 shares** through Autumn Ocean Limited, which he wholly owns[68](index=68&type=chunk) - Mr. Poon and Mr. Kwan were each granted **800,000 share options** on January 4, 2021, with an exercise price of **HK$0.96 per share** and a five-year validity period[68](index=68&type=chunk) [Substantial Shareholders' Interests and Short Positions in Shares and Underlying Shares of the Company](index=29&type=section&id=Substantial%20Shareholders'%20Interests%20and%20Short%20Positions%20in%20Shares%20and%20Underlying%20Shares%20of%20the%20Company) As of June 30, 2025, Ms. Liu Mingli (Mr. Poon's spouse) and Autumn Ocean Limited were substantial shareholders of the Company, holding **56.32%** and **55.49%** equity interests, respectively Substantial Shareholders' Long Positions in Shares and Underlying Shares of the Company | Name | Capacity/Nature of Interest | Number of Shares Held/Interested | Number of Underlying Shares Interested | Total | Approximate Percentage of Equity | | :--- | :--- | :--- | :--- | :--- | :--- | | Ms. Liu Mingli | Interest of spouse | 53,268,500 | 800,000 | 54,068,500 | 56.32% | | Autumn Ocean Limited | Beneficial owner | 53,268,500 | — | 53,268,500 | 55.49% | - Ms. Liu Mingli, being the spouse of Mr. Poon, is deemed or taken to be interested in all shares and underlying shares in which Mr. Poon has an interest[70](index=70&type=chunk) [Share Option Scheme](index=30&type=section&id=Share%20Option%20Scheme) The Company's share option scheme was adopted in 2016 for a ten-year term; **8,000,000 share options** were granted to 11 eligible participants on January 4, 2021, with an exercise price of **HK$0.96**, vesting immediately on grant date; **6,800,000 options** remained unexercised as of June 30, 2025 - The share option scheme was adopted on June 23, 2016, and is valid for ten years[71](index=71&type=chunk) - On January 4, 2021, **8,000,000 share options** were granted to 11 eligible participants with an exercise price of **HK$0.96 per share**, vesting immediately on the grant date[71](index=71&type=chunk) Share Option Movement Details | Category | Unexercised as of January 1, 2025 | Number of Options Granted | Number of Options Exercised | Number of Options Lapsed | Unexercised as of June 30, 2025 | | :--- | :--- | :--- | :--- | :--- | :--- | | Directors and Chief Executive | 1,600,000 | — | — | — | 1,600,000 | | Employees | 2,800,000 | — | — | — | 2,800,000 | | Clients | 1,600,000 | — | — | — | 1,600,000 | | Business partners | 800,000 | — | — | — | 800,000 | | **Total** | **6,800,000** | **—** | **—** | **—** | **6,800,000** | [Directors' Rights to Acquire Shares or Debentures](index=31&type=section&id=Directors'%20Rights%20to%20Acquire%20Shares%20or%20Debentures) Except for disclosed directors' interests, neither the Company nor its subsidiaries entered into any arrangements during the period enabling directors and their families to benefit from acquiring shares of the Company or associated corporations - Neither the Company nor any of its subsidiaries entered into any arrangements at any time during the period or as of June 30, 2025, that would enable directors and chief executives (including their spouses and children under 18) to acquire benefits through the acquisition of shares, underlying shares, or debentures of the Company or any associated corporation[73](index=73&type=chunk) [Competing Interests](index=31&type=section&id=Competing%20Interests) During the period, no Directors, substantial shareholders of the Company, or their respective associates held any interests in businesses directly or indirectly competing with the Group's business - During the period, none of the Directors, substantial shareholders of the Company, or their respective associates had any interests in businesses that compete or are likely to compete, directly or indirectly, with the Group's business[74](index=74&type=chunk) [Non-Competition Undertaking](index=31&type=section&id=Non-Competition%20Undertaking) Mr. Poon Chik and Autumn Ocean Limited confirmed compliance with the non-competition undertaking during the period, receiving a satisfactory assessment from the Audit Committee - Mr. Poon Chik and Autumn Ocean Limited confirmed compliance with the non-competition undertaking under the Deed of Non-Competition during the period[75](index=75&type=chunk) - The Audit Committee reviewed and was satisfied with Mr. Poon Chik's and Autumn Ocean Limited's compliance with the non-competition undertaking[75](index=75&type=chunk) [Directors' Securities Transactions](index=31&type=section&id=Directors'%20Securities%20Transactions) Upon inquiry, all Directors confirmed continuous compliance with the code of conduct for directors' securities transactions under GEM Listing Rules during the period - Following specific inquiries made to all Directors, all confirmed that they have complied with the required standard of dealings in securities by Directors as set out in Rules 5.48 to 5.67 of the GEM Listing Rules throughout the period[76](index=76&type=chunk) [Disclosure under Rules 17.22 to 17.24 of the GEM Listing Rules](index=32&type=section&id=Disclosure%20under%20Rules%2017.22%20to%2017.24%20of%20the%20GEM%20Listing%20Rules) Astrum Capital Management Limited, the Company's indirect wholly-owned subsidiary, entered into a loan financing agreement with Weiye Holdings Group Limited for up to **HK$80,000 thousand** to fund the offer for Megalogic Group Limited, secured by share charges, account charges, and a personal guarantee - Astrum Capital Management Limited entered into a loan financing agreement with Weiye Holdings Group Limited to provide a loan facility of up to **HK$80,000 thousand** for the purpose of financing the offer for Megalogic Group Limited[77](index=77&type=chunk) - The loan bears interest at **2% per month** and is secured by share charges, account charges, and a personal guarantee from Mr. Wang Guangbo[77](index=77&type=chunk) - As of June 30, 2025, the outstanding amount due from Weiye Holdings to Astrum Capital was approximately **HK$45,911 thousand**, representing approximately **21.9%** of the Group's total consolidated assets[78](index=78&type=chunk) [Share Capital](index=33&type=section&id=Share%20Capital) The Company did not issue any equity securities during the period, with details of share capital changes disclosed in Note 13 to the financial statements - The Company did not issue any equity securities during the period as required by Rule 18.32 of the GEM Listing Rules[79](index=79&type=chunk) [Purchase, Sale or Redemption of the Company's Securities](index=33&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company's%20Securities) Neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities during the period - Neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities during the period[80](index=80&type=chunk) [Compliance with Corporate Governance Code](index=33&type=section&id=Compliance%20with%20Corporate%20Governance%20Code) The Company is committed to high corporate governance standards and has complied with the Corporate Governance Code, with the exception of Mr. Poon Chik holding both Chairman and Chief Executive roles, a deviation explained as beneficial to Group operations - The Company has complied with the code provisions of the Corporate Governance Code, except for code provision C.2.1 (the roles of chairman and chief executive should be separate)[81](index=81&type=chunk) - Mr. Poon Chik holds both the roles of Chairman and Chief Executive Officer, an arrangement the Board believes benefits the Group's business operations and management, providing strong and consistent leadership[81](index=81&type=chunk) [Board of Directors](index=33&type=section&id=Board%20of%20Directors) The Board of Directors comprises 6 members, including 3 executive directors and 3 independent non-executive directors, meeting GEM Listing Rules requirements for independent non-executive director numbers and professional qualifications - The Board comprises **6 members**, including **3 executive directors** (Mr. Poon Chik, Mr. Kwan Chun Yee, and Ms. Yu Hoi Ling) and **3 independent non-executive directors** (Mr. Lau Hon Kee, Mr. Shum Lung, and Ms. Yu Chung Sze)[82](index=82&type=chunk) - The Board complies with GEM Listing Rules 5.05(1), (2), and 5.05A, having appointed at least one-third independent non-executive directors, with at least one possessing appropriate professional qualifications or accounting/financial management expertise[82](index=82&type=chunk) [Audit Committee](index=34&type=section&id=Audit%20Committee) The Audit Committee, chaired by Mr. Lau Hon Kee and comprising 3 independent non-executive directors, reviewed the unaudited condensed consolidated interim results for the period, deeming them compliant with applicable accounting standards and GEM Listing Rules - The Audit Committee is chaired by Mr. Lau Hon Kee (Independent Non-Executive Director), with other members including Mr. Shum Lung and Ms. Yu Chung Sze (both Independent Non-Executive Directors)[83](index=83&type=chunk) - The primary responsibilities of the Audit Committee include reviewing and monitoring the independence of external auditors, assessing the integrity of financial statements, and reviewing financial reporting, financial controls, risk management, and internal control systems[83](index=83&type=chunk) - The Audit Committee reviewed the Group's unaudited condensed consolidated interim results for the period and considered them to be in compliance with applicable accounting standards and the GEM Listing Rules[83](index=83&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。 SUPER HI INTERNATIONAL HOLDING LTD. 特海国际控股有限公司 （於開曼群島註冊成立的有限公司） （香港交易所股份代號：9658；納斯達克股票代碼：HDL） 內幕消息 2025年第二季度未經審核財務業績公告 本公告由特海国际控股有限公司（「本公司」）根據香港聯合交易所有限公司證券上 市規則（「上市規則」）第13.09(2)(a)條以及香港法例第571章《證券及期貨條例》第 XIVA部下的內幕消息條文（定義見上市規則）作出。 本公司欣然公佈本公司及其附屬公司截至2025年6月30日止三個月的未經審核財 務業績（「第二季度業績」）。本公告附表為本公司於2025年8月26日（美國東部時 間）就第二季度業績刊發的業績報告全文，其中部分內容可能構成本公司的內幕 消息。 本公司股東及潛在投資者在買賣本公司證券時不應過分依賴第二季度業績並應謹 慎行事。 承董事會命 特海国际控股有限公司 ...

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。 Hidili Industry International Development Limited 恒鼎實業國際發展有限公司 （於開曼群島註冊成立的有限公司） （股份代號：01393） 截至二零二五年六月三十日止六個月之 未經審核中期業績 | 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 | 變更 | | | 人民幣千元 | 人民幣千元 | % | | | （未經審核） | （未經審核） | | | 收入 | 1,008,390 | 926,402 | 8.9% | | 毛利潤╱（虧損） | 94,015 | (43,325) | 317.0% | | 除稅前虧損 | (247,976) | (350,029) | (29.2%) | | 期間虧損及全面開支總額 | (248,377) | ( ...