INTERIM REPORT 中國置業投資控股有限公司 CHINA PROPERTIES INVESTMENT HOLDINGS LIMITED 中 期 報 告 中期報告 INTERIM REPORT 2025 中國置業投資控股有限公司 公司資料 董事會 執行董事 韓衛 （主席） 區達安 王林博 獨立非執行董事 鄧耀基 曹潔敏 梁國杰* 公司秘書 許辛穎 授權代表 區達安 許辛穎 網址 736.com.hk 核數師 中職信（香港）會計師事務所有限公司 （前稱長盈（香港）會計師事務所有限公司） 法律顧問 梁浩然律師事務所有限法律責任合夥 註冊辦事處 Clarendon House 2 Church Street Hamilton HM11 Bermuda 總辦事處及主要營業地點 香港 灣仔港灣道26號 華潤大廈 43樓4303室 香港股份過戶登記處 卓佳秘書商務有限公司 香港 夏愨道16號 遠東金融中心17樓 股份代號 736 主要往來銀行 中國工商銀行（亞洲） 招商永隆銀行 * 僅供識別 1 二零二五年中期報告 中國置業投資控股有限公司 獨立審閱報告書 Jon Gepsom CPA Limited 1003- ...

Financial Performance - For the six months ended September 30, 2025, the Group reported revenue of approximately HK$14,748,000, compared to HK$14,630,000 in the same period last year, reflecting a slight increase of 0.8%[18]. - Gross profit for the same period was HK$2,139,000, down from HK$2,668,000 in the previous year, resulting in a gross profit margin decrease of 19.8% due to increased market competition[18]. - The loss for the period amounted to approximately HK$16,117,000, an increase from approximately HK$7,962,000 in the previous period[60]. - Loss before tax for the period was HK$16,091,000, compared to a loss of HK$7,964,000 for the same period in 2024, representing a 102.3% increase in losses[163]. - Loss for the period attributable to owners of the Company was HK$15,672,000, up from HK$7,520,000 in the previous year, indicating a 108.8% increase[164]. - Total comprehensive loss for the period was HK$15,034,000, compared to HK$10,183,000 for the same period in 2024, reflecting a 47.5% increase[164]. Revenue Sources - The titanium dioxide distribution business recorded revenue of approximately HK$2,186,000 for the six months ended September 30, 2025, a significant decrease from HK$11,348,000 in the same period last year, primarily due to strategic inventory clearance[29]. - The convergence media business recorded revenue of approximately HK$12,562,000 for the six months ended 30 September 2025, a 78.5% increase from HK$7,058,000 in the same period of 2024[36]. - Revenue generation from the Mongolia project is expected to commence in the first half of 2026 following the commissioning of mining and DGDB equipment, marking a key expansion into high-potential mineral sectors[28]. Strategic Focus and Business Development - The Group plans to strategically shift focus and resources towards the higher-growth DGDB business to capture new market opportunities following the completion of inventory clearance in the titanium dioxide segment[29]. - The DGDB business has solidified its position as a revenue-generating pillar with sustained progress in commercialization and strategic market expansion[21]. - The Group aims to expand its DGDB technology application to other iron ore mining projects, focusing on reducing beneficiation costs and improving ore grade recovery rates[49]. - The Group plans to leverage low-cost electricity generated from pithead facilities for potential cryptocurrency mining and data center development, capitalizing on the growing demand in these sectors[34][39]. Economic Environment - The global economy is experiencing a mixed recovery, with technological advancements in AI and green energy supporting growth, while inflationary pressures and geopolitical tensions disrupt market stability[16]. - In China, structural headwinds in the private sector have constrained overall economic momentum, impacting business activities and consumer demand[17]. - The Company remains committed to long-term sustainable development goals despite the challenges faced in the current economic environment[17]. Legal Matters - The company is involved in ongoing litigation regarding the Placing Notes, with a principal amount of HK$10 million and outstanding interest of HK$1.26 million claimed by a creditor[86]. - Legal proceedings have been initiated against the Licensor for breach of the 2021 Advertising License Rights Agreement, seeking a refund of RMB5,300,000 (approximately HK$6,045,000) and overcharged license fees of RMB8,917,000 (approximately HK$10,163,000)[92]. - The company has lodged additional legal proceedings in Hong Kong for rescinding both the 2019 and 2021 Advertising License Rights Agreements, seeking similar refunds and damages[93]. - The Group's legal actions include a claim for overcharged license fees of RMB12,468,000 (equivalent to HK$13,502,000) in the 2023 Hong Kong Court Action[97]. - The Group is in discussions for further legal action in the PRC regarding the 2021 Advertising License Rights Agreement[105]. Financial Position - Total assets as of 30 September 2025 were approximately HK$109,599,000, while net liabilities were approximately HK$295,411,000[60]. - The Group had bank balances and cash of approximately HK$63,244,000, a significant increase from approximately HK$7,542,000 as of 31 March 2025[61]. - Total borrowings were approximately HK$223,853,000, with 24.8% in HK$ and 75.2% in Renminbi[61]. - The gearing ratio was 75.8% as of 30 September 2025, up from 64.9% as of 31 March 2025[61]. - The liquidity ratio improved to 36.4% as of 30 September 2025, compared to 22.1% as of 31 March 2025[61]. Corporate Governance - The Company has implemented corporate governance practices in compliance with the Corporate Governance Code and has adhered to all relevant provisions throughout the review period[151]. - The company emphasizes the importance of good corporate governance for its success and sustainable development[148]. - All Directors confirmed compliance with the Model Code for Securities Transactions throughout the review period[155]. Employee Matters - As of September 30, 2025, the Group employed 58 employees, a decrease from 62 employees as of September 30, 2024[106]. - Staff costs for the six months ended September 30, 2025, amounted to approximately HK$5,199,000, compared to HK$5,380,000 for the same period in 2024[106]. - The Group's remuneration packages are structured based on market terms and individual merits, with periodic salary reviews[107]. - The Group maintains staff benefits plans including medical insurance, hospitalization schemes, and share option schemes[107]. Shareholder Matters - The Board does not recommend the payment of any interim dividend for the six months ended September 30, 2025, consistent with the previous year where no dividend was paid[112]. - A total of 23,190,000 share options were granted to Directors and employees under the new share option scheme adopted on September 30, 2025[114]. - The interests of Directors as of September 30, 2025, included Wang Bin holding 10,335,917 shares, representing approximately 3.55% of the issued share capital[121]. - The total number of issued shares is 291,052,723 as of September 30, 2025[128]. Future Outlook - The Group is actively negotiating loan capitalization with existing lenders, which may require shareholder approval and listing approval from the Stock Exchange[185]. - The Directors believe that, assuming the success of their plans, the Group will have sufficient working capital for at least 12 months from 30 September 2025[190]. - The Group's financial statements do not include adjustments for insufficient future funding, which may require asset impairment and reclassification of non-current assets[194].

Financial Performance - Revenue for the six months ended September 30, 2025, was HK$55,361,000, representing a 83.8% increase from HK$30,084,000 in the same period of 2024[15]. - Gross profit for the same period was HK$1,749,000, down from HK$3,162,000, indicating a decline of 44.8%[15]. - Loss before tax increased to HK$9,322,000 compared to HK$5,150,000 in the prior year, reflecting a rise of 80.5%[17]. - Loss attributable to owners of the Company for the period was HK$9,322,000, compared to HK$5,484,000 in the previous year, marking a 69.5% increase[17]. - Basic and diluted loss per share was HK$0.05, an improvement from HK$0.12 in the same period last year[17]. - The company reported a loss for the period of HK$9,322,000 for the six months ended September 30, 2025, compared to a loss of HK$5,484,000 for the same period in 2024[25]. - The Group's gross profit for the six months ended 30 September 2025 was approximately HK$1.7 million, a decrease of approximately HK$1.5 million compared to HK$3.2 million for the same period in 2024[125][133]. - The increase in loss for the period was approximately HK$9.3 million, compared to HK$5.5 million for the same period in 2024, primarily due to decreased gross profit and increased administrative expenses[133][138]. Administrative and Operating Expenses - Administrative expenses rose significantly to HK$9,869,000 from HK$4,878,000, an increase of 102.0%[15]. - Total salaries and wages included in cost of sales/services rendered decreased to HK$539,000 in 2025 from HK$697,000 in 2024, reflecting a reduction of approximately 22.7%[67]. - Administrative expenses for directors' emoluments increased significantly to HK$1,781,000 in 2025 from HK$484,000 in 2024, marking a rise of approximately 268.6%[67]. Assets and Liabilities - As of September 30, 2025, the total assets less current liabilities amounted to HK$86,810,000, an increase from HK$59,454,000 as of March 31, 2025, representing a growth of approximately 46%[20]. - The net current assets increased to HK$82,719,000 from HK$53,501,000, reflecting a growth of about 54%[20]. - Total assets as of 30 September 2025 amounted to HK$108,183,000, with segment assets contributing HK$82,959,000[56]. - The company’s total liabilities as of 31 March 2025 were HK$52,567,000, with unallocated liabilities amounting to HK$33,833,000[57]. - Total trade and other payables decreased significantly from HK$47,678,000 on 31 March 2025 to HK$16,068,000 on 30 September 2025[102]. Cash Flow and Financing - Cash and cash equivalents decreased to HK$11,128,000 from HK$43,249,000, a decline of approximately 74%[27]. - The net cash used in operating activities for the six months ended September 30, 2025, was HK$43,057,000, compared to HK$25,847,000 for the same period in 2024, indicating a significant increase in cash outflow[27]. - The company did not incur any cash outflow for investing activities during the six months ended September 30, 2025, compared to HK$2,122,000 in the previous year[27]. - Proceeds from the issue of shares amounted to HK$13,405,000 for the six months ended September 30, 2025, compared to HK$7,563,000 for the same period in 2024, reflecting an increase of approximately 77%[27]. Revenue Segments - Revenue from design, fitting out, and engineering services was HK$51,702,000, up from HK$24,348,000, indicating a growth of 112.5%[43]. - Revenue from contracts with customers is based on fixed prices, adhering to HKFRS 15[44]. - The Group's financial services segment, which includes securities advisory and asset management, reported a total revenue of HK$135,000[50]. - Revenue from design, fitting out and engineering services increased by approximately HK$27.4 million, while revenue from leasing of construction equipment decreased by approximately HK$2.1 million[125][127]. Credit and Receivables - Allowance for expected credit loss on loan and interest receivables was HK$31,000, with trade receivables allowance at HK$985,000, showing a decrease from HK$3,326,000[15]. - Trade receivables from sales and service income increased to HK$49,303,000 from HK$36,984,000, representing a growth of 33.3%[88]. - The total trade and other receivables increased to HK$62,820,000 from HK$41,128,000, marking a significant rise of 52.7%[88]. - The allowance for expected credit losses (ECL) for trade receivables increased to HK$8,018,000 from HK$7,033,000, reflecting a rise of 14.1%[92]. Strategic Focus and Future Plans - The Company continues to focus on market expansion and new product development strategies to enhance future performance[13]. - The financial results indicate a challenging operating environment, necessitating strategic adjustments to improve profitability moving forward[13]. - The Group plans to reduce the scale of public housing maintenance and is reformulating its design, fitting out and engineering services business to seek other projects[134][139]. - The Group is focusing on maintaining business relationships with existing customers to secure recurring orders and is also seeking to introduce new customers[137][140]. Shareholder and Governance Matters - The Group did not recommend the payment of an interim dividend for the six months ended September 30, 2025, consistent with the previous year[74]. - The company implemented a share consolidation, reducing the total number of issued shares from 225,763,200 to 45,152,640[108]. - The share option scheme was conditionally adopted on June 30, 2014, and is valid for ten years, allowing the Board to grant options to eligible participants[192]. - Since the adoption of the share option scheme, no share options have been granted by the company[193].

China Beidahuang Industry Group Holdings Limited 中國北大荒產業集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) (Stock Code 股份代號: 00039) Interim Report 中期報告 2025 China Beidahuang Industry Group Holdings Limited 中國北大荒產業集團控股有限公司 2025 Interim Report 中期報告 Contents 目錄 | Corporate Information | 2 | | --- | --- | | 公司資料 | | | Interim Condensed Consolidated Statement of Profit or Loss | 5 | | 中期簡明綜合損益報表 | | | Interim Condensed Consolidated Statement of | 8 | | Other Comprehensive Incom ...

1 AV Concept Holdings Limited 2025 – 2026年中期報告 財務狀況表重點 INTERIM REPORT 2025/26 2025 / 26 中期報告 損益表重點 | | 截至九月三十日止六個月 | | | --- | --- | --- | | | 二零二五年 | 二零二四年 | | | 百萬港元 | 百萬港元 | | 收益 | | | | －半導體分銷 | 845.3 | 606.5 | | －消費類產品及產品採購業務 | 11.9 | 22.7 | | －其他 | – | 0.1 | | | 857.2 | 629.3 | | 除利息、稅項、折舊及非現金項目前溢利╱（虧損） | | | | －公司 | (16.7) | (13.9) | | －創投 | (8.9) | (2.1) | | －半導體分銷 | 97.3 | 88.6 | | －消費類產品及產品採購業務： | | | | 銷售及分銷費用 | (5.1) | (12.0) | | 經營虧損 | (5.0) | (2.3) | | | (10.1) | (14.3) | | －其他 | (0.2) | (0.1) ...

Stock Option Plan - The company provided a supplementary announcement regarding the stock option plan in accordance with the listing rules[2] - No stock options have been granted from the listing date to the date of the 2024 annual report[2] Board of Directors - The board of directors includes two executive directors, three non-executive directors, and two independent non-executive directors[4]

INTERIM REPORT 2025 Interim Report 2025 2025 中期報 告 中期報告 目 錄 | | 頁次 | | --- | --- | | 公司資料 | 2 | | 管理層討論及分析 | 3 | | 其他資料 | 6 | | 簡明綜合損益表 | 14 | | 簡明綜合損益及其他全面收益表 | 15 | | 簡明綜合財務狀況表 | 16 | | 簡明綜合權益變動表 | 18 | | 簡明綜合現金流量表 | 19 | | 簡明綜合財務報表附註 | 20 | 公司資料 截至二零二五年九月三十日 執行董事 林家俊 （主席兼行政總裁） 獨立非執行董事 黃保強 王子牛 許慧齡 授權代表 林家俊 林家俊 （主席） 王子牛 許慧齡 百慕達註冊辦事處及股份過戶 登記處 Clarendon House 2 Church Street Hamilton HM 11 Bermuda 總辦事處及主要營業地點 香 港 灣仔港灣道26號 華潤大廈40樓4001–02室 香港股份過戶登記處 聯合證券登記有限公司 香港北角 英皇道338號 華懋交易廣場2期 3301–04室 審核委員會 黃保強 （主席） 王子牛 ...

Financial Performance - The group's revenue for the six months ended September 30, 2025, was HKD 47,622,000, a decrease of 20% compared to HKD 59,455,000 in the same period of 2024[6] - Gross profit increased significantly to HKD 13,637,000, up from HKD 4,516,000, reflecting a gross margin improvement[6] - The group reported a profit before tax of HKD 12,366,000, down from HKD 19,292,000 in the previous year, indicating a decline of 36%[6] - Net profit for the period was HKD 11,988,000, compared to HKD 19,247,000 in 2024, representing a decrease of 37%[6] - Basic and diluted earnings per share were HKD 0.088, down from HKD 0.144 in the same period last year[6] Assets and Cash Flow - Total assets as of September 30, 2025, were HKD 221,696,000, an increase from HKD 205,090,000 as of March 31, 2025[7] - Cash and cash equivalents at the end of the period increased to HKD 27,726,000 from HKD 16,358,000 at the beginning of the period[9] - The group generated net cash from operating activities of HKD 11,851,000, a significant recovery from a cash outflow of HKD 28,126,000 in the previous year[9] - Non-current assets increased to HKD 136,312,000 from HKD 112,230,000, driven by fair value gains on financial assets[7] Revenue Breakdown - Revenue from new property construction was HKD 38,530,000, down from HKD 50,831,000 in 2024, representing a decline of approximately 24%[14] - The company's revenue decreased by approximately HKD 11.9 million or 20.0% to about HKD 47.6 million for the six months ended September 30, 2025, primarily due to a reduction in the number of projects[34] Employee and Operational Costs - The total employee costs for the period were HKD 38,631,000, a decrease of 20% compared to HKD 48,241,000 in 2024[17] - Service costs decreased by approximately HKD 20.9 million or 38.1% to about HKD 34.0 million for the same period, mainly due to reductions in director remuneration and employee costs[35] - General and administrative expenses decreased by approximately HKD 2.6 million or 12.1% to about HKD 19.0 million for the six months ending September 30, 2025, compared to HKD 21.7 million for the same period in 2024[39] - Employee costs, including director remuneration, were approximately HKD 38.6 million for the six months ending September 30, 2025, compared to HKD 48.2 million for the same period in 2024[52] Corporate Governance and Compliance - The audit committee currently consists of two independent non-executive directors, and has reviewed and approved the unaudited condensed consolidated financial statements for the six months ended September 30, 2025[65] - The company has adopted a code of conduct regarding securities trading by directors, with no violations reported for the six months ended September 30, 2025[62] - The board of directors will continuously review corporate governance practices to enhance standards and meet regulatory requirements[61] - The company is committed to improving corporate governance standards in response to increasing expectations from shareholders and stakeholders[59] - The resignation of independent non-executive director Shao Yuming will result in non-compliance with GEM Listing Rules regarding the number of independent directors[60] - The audit committee's composition will be reviewed to ensure compliance with GEM Listing Rules following the resignation of Shao Yuming[60] Share Issuance and Equity - The company issued new shares raising HKD 2,425,000 during the period, contributing to an increase in total equity to HKD 211,733,000[8] - The company issued 63,450,000 shares at an issue price of HKD 0.039 per share, raising net proceeds of approximately HKD 2.42 million[30] Market Position and Future Outlook - The company’s core business remains focused on construction engineering consultancy services, while the IT sector is expected to be a key growth driver moving forward[32] - The company aims to expand its market share through strong client relationships and a stable project pipeline in its core construction consultancy business[33] Other Financial Metrics - The current ratio slightly decreased from approximately 3.4 times as of March 31, 2025, to about 3.3 times as of September 30, 2025[43] - The debt-to-equity ratio as of September 30, 2025, was 1.6%, indicating a healthy and sustainable level of borrowing[43] - There were no significant contingent liabilities as of September 30, 2025[49] - The company had no significant acquisitions or disposals of subsidiaries during the six months ending September 30, 2025[48] Internal Controls and Risk Management - The company has established a comprehensive internal control system, leading to no insurance arrangements for directors' liabilities at this time[59] - The company maintained a prudent treasury policy, ensuring a stable liquidity position throughout the reporting period[44] Dividend Policy - The group did not declare an interim dividend for the six months ended September 30, 2025, consistent with the previous year[23] - The company will not propose an interim dividend for the six months ended September 30, 2025[63] Stock Options - A total of 4,480,895 stock options were granted to directors and employees on October 27, 2025, which have not yet been exercised[64]

（ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：8103） hmvod Limited hmvod視頻有限公司 截至二零二五年九月三十日止六個月 中期報告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位，乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小型公司提 供一個上市之市場。有意投資之人士應了解投資於該等公司之潛在風險，並應經過審 慎周詳之考慮後方作出投資決定。 由於GEM上市公司一般為中小型公司，在GEM買賣之證券可能會較於聯交所主板買 賣之證券承受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之 市場。 本報告之資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供 有關hmvod視頻有限公司（「本公司」）之資料；本公司董事（「董事」）願就本報告之資 料共同及個別地承擔全部責任。董事在作出一切合理查詢後，確認就彼等所知及所信， 本報告所載資料在各重大方面均屬準確完備，並無誤導或欺詐成份，亦無遺漏任何其 他事項，足以令本報告或其所載任何陳述產生誤導。 摘要 • 截至二零二五年九月三十日止六個月之營業額約為6,100,00 ...

中期報告 2025 INTERIM REPORT 2025 目 錄 | 公司資料 | 2 | | --- | --- | | 管理層討論與分析 | 5 | | 簡明綜合損益及其他全面收益表 | 10 | | 簡明綜合財務狀況表 | 11 | | 簡明綜合權益變動表 | 12 | | 簡明綜合現金流量表 | 13 | | 簡明綜合財務報表附註 | 14 | | 其他資料 | 31 | 公司資料 董事會 執行董事 金子博博士 （行政總裁） 非執行董事 王薛儼先生 （主席） 宋寧寧女士 獨立非執行董事 姚道華先生 金帆先生 宋嘉桓先生 審核委員會 姚道華先生 （主席） 金帆先生 宋嘉桓先生 薪酬委員會 宋嘉桓先生 （主席） 姚道華先生 金帆先生 提名委員會 宋嘉桓先生 （主席） 姚道華先生 金子博博士 宋寧寧女士 （於二零二五年七月十八日獲委任） 金帆先生 （於二零二五年七月二十二日獲委任） 公司秘書 公司資料 開曼群島註冊辦事處 Windward 3 Regatta Office Park PO Box 1350 Grand Cayman KY1-1108 Cayman Islands 總部及香港主要營業地點 香 ...