香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告之內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本 公告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 China Baoli Technologies Holdings Limited 中國寶力科技控股有限公司 （於百慕達註冊成立之有限公司） （股份代號：164） – 1 – 未經審核簡明綜合收益表 截至二零二五年九月三十日止六個月 | | | 截至九月三十日止六個月 | | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | | （未經審核） | （未經審核） | | | 附註 | 千港元 | 千港元 | | 收入 | 4 | 14,748 | 14,630 | | 收入成本 | | (12,609) | (11,962) | | 毛利 | | 2,139 | 2,668 | | 其他收入、收益及虧損淨額 | 5 | 82 | 2,846 | | 預期信貸虧損撥備撥回淨額 | | – | 5,831 | | 銷售及分銷費用 | | – ...

Financial Performance - For the six months ended September 30, 2025, the company's revenue was approximately HKD 106.0 million, a decrease of about 13.9% compared to HKD 123.1 million for the same period in 2024[9]. - The gross profit decreased from approximately HKD 21.0 million in the first half of 2024 to about HKD 14.8 million in the first half of 2025[9]. - Total revenue for the first half of 2025 was approximately HKD 106.0 million, down from HKD 123.1 million in the first half of 2024, reflecting a decrease in demand for printing-related equipment[15]. - Gross profit for the same period was HKD 14,775,221, down 29.5% from HKD 21,041,107 in 2024[73]. - Operating profit decreased to HKD 3,834,469, a decline of 20.2% from HKD 4,808,527 in the previous year[73]. - The company achieved a net profit of HKD 3,396,853, which is an increase of 6.8% compared to HKD 3,180,353 in 2024[73]. - Basic and diluted earnings per share increased to HKD 3.4, up from HKD 3.1 in the previous year, reflecting a growth of 9.7%[73]. - The company reported a net profit of HKD 3,390,860, compared to HKD 3,101,039 for the same period in 2024, representing an increase of approximately 9.3%[76]. - The company’s total comprehensive income for the six months ended September 30, 2025, was HKD 3,428,649, compared to HKD 2,952,284 in the previous year, indicating an increase of approximately 16.1%[76]. Operational Strategy - The company continues to focus on its core business of general printing services and the sale of printing equipment and consumables, which have significantly contributed to maintaining diversified revenue sources[10]. - Strategic expansion into mainland China, Taiwan, and the United States has shown resilience, effectively offsetting the weak performance of the Hong Kong printing business[12]. - The company plans to enhance operational efficiency through further automation, selective outsourcing, and improved inventory and procurement practices[14]. - The strategic restructuring implemented over the past eighteen months is expected to continue delivering long-term value to shareholders[14]. - The company has successfully reduced its reliance on the local market, enhancing overall profit stability through diversified revenue streams[12]. Cost Management - The company has implemented strict cost control measures and streamlined operations in Hong Kong to mitigate the adverse effects of a competitive environment on overall profit margins[11]. - Cost of sales decreased to approximately HKD 91.3 million in the first half of 2025 from HKD 102.1 million in the same period of 2024, primarily due to a decline in sales of printing-related raw materials and equipment[16]. - Administrative and other expenses were approximately HKD 10.9 million in the first half of 2025, a reduction of about HKD 5.4 million or approximately 33.1% compared to HKD 16.3 million in the first half of 2024[17]. Financial Position - Total assets as of September 30, 2025, were HKD 58,126,516, a decrease from HKD 109,351,988 as of March 31, 2025[74][75]. - Current liabilities amounted to HKD 41,216,723, down from HKD 91,263,587 in the previous audited period[74]. - The company's net asset value increased to HKD 11,175,174 from HKD 7,737,868, indicating a significant improvement in financial health[75]. - The company’s total equity attributable to owners as of September 30, 2025, was HKD 11,292,444, an increase from HKD 7,315,465 as of April 1, 2024[76]. Cash Flow - Cash generated from operating activities for the six months ended September 30, 2025, was HKD 3,817,561, compared to HKD 11,749,230 in 2024, indicating a significant decline[77]. - The company reported a net cash outflow from investing activities of HKD 43,386 for the six months ended September 30, 2025, compared to HKD 2,963,519 in the previous year[77]. - The company’s financing activities resulted in a net cash outflow of HKD 4,736,168 for the six months ended September 30, 2025, compared to HKD 1,726,478 in the previous year[77]. - The company’s cash and cash equivalents decreased by HKD 966,731 for the six months ended September 30, 2025, compared to a decrease of HKD 2,286,974 in the previous year[77]. Shareholder Information - The company's issued share capital was HKD 998,000 as of September 30, 2025, following a share consolidation that reduced the number of issued shares from 499 million to 99.8 million[34]. - The company implemented a capital reorganization on May 29, 2025, which included a capital reduction and a share split, reducing the par value of shares from HKD 0.25 to HKD 0.01[35]. - As of September 30, 2025, Mr. Lin Cheng Tai holds 59,335,826 shares, representing approximately 59.45% of the company's ordinary shares[56]. - The total shareholding of Mr. Zhou Wenqiang and Mr. Xu Qingnai, along with their joint holdings, accounts for approximately 63.88% of the company's issued share capital[59]. - The company has disclosed that no other individuals hold or are deemed to hold 5% or more of the voting shares as of September 30, 2025[60]. Governance and Compliance - The company has established an audit committee to oversee financial reporting and compliance with relevant regulations[70]. - There were no reported conflicts of interest or competitive business activities involving directors or major shareholders[69]. - The company has complied with all applicable code provisions of the Corporate Governance Code, except for a deviation regarding the separation of the roles of Chairman and CEO[64]. - The Chairman and CEO roles are held by the same individual, which deviates from the Corporate Governance Code's recommendation for separation, but the board believes this structure does not compromise the balance of power[65]. - All directors have confirmed compliance with the trading code for securities transactions as of September 30, 2025[66]. Risks and Liabilities - The group faced a significant risk as its largest customer accounted for approximately 45.6% of total revenue in the first half of 2025, raising concerns about dependency on this client[43]. - The group has no long-term contracts with customers, making its revenue susceptible to fluctuations in order volume and market demand[42]. - The group has no significant contingent liabilities as of September 30, 2025[49]. Related Party Transactions - The group made rental payments of HKD 500,000 to a related company for the six months ended September 30, 2025, compared to no payments in the previous year[105]. - The group recorded sales of printing products to a related company amounting to HKD 1,639,056 in the previous year, with no sales reported for the current period[105]. - The group sold a display printing machine to a related company for HKD 7,074,579, following the sale of a subsidiary at zero cost due to its net liabilities[105].

香港交易及結算所有限公司和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。 GOLDEN LEAF INTERNATIONAL GROUP LIMITED 金葉國際集團有限公司 ( 於開曼群島註冊成立的有限公司 ) ( 股份代號: 8549) 截至二零二五年九月三十日止六個月的 中期公告 金葉國際集團有限公司（本公司）董事會（董事會）欣然宣佈本公司及其附屬 公司（本集團）截至二零二五年九月三十日止六個月的未經審核中期財務業績。本公 告載有本公司截至二零二五年九月三十日止六個月的中期報告全文，連同二零二四年 同期的比較數字，符合聯交所 GEM 證券上市規則關於中期業績初步公告所附資料的相 關規定。 承董事會命 金葉國際集團有限公司 主席、行政總裁及執行董事 葉金弋先生 香港，二零二五年十一月二十七日 於本公告日期，本公司執行董事為葉金弋先生（主席）、呂國傑先生及葉芷筠女士；以 及本公司獨立非執行董事為王振吉先生、林偉昶先生及張廣達先生。 本公告的資料乃遵照 GEM 證券上市規則而 ...

Financial Performance - For the six months ended September 30, 2025, the company's revenue was approximately HKD 106.0 million, a decrease of about 13.9% compared to HKD 123.1 million for the same period in 2024[8]. - The gross profit decreased from approximately HKD 21.0 million in the first half of 2024 to about HKD 14.8 million in the first half of 2025[8]. - The profit attributable to equity holders increased by approximately 9.7% to HKD 3.4 million, compared to HKD 3.1 million in the first half of 2024[12]. - The company recorded a total comprehensive income of approximately HKD 3.4 million for the first half of 2025, compared to HKD 3.0 million for the same period in 2024[8]. - The total comprehensive income attributable to equity holders for the first half of 2025 was approximately HKD 3.4 million, compared to HKD 3.0 million in the first half of 2024[17]. - The company reported a net profit of HKD 3,396,853 for the current period, an increase from HKD 3,180,353 in the previous year[87]. - Basic and diluted earnings per share increased to HKD 3.4, compared to HKD 3.1 in the previous year[72]. - The total amount raised from the rights issue was approximately HKD 34.4 million, with a net amount of about HKD 32.7 million after expenses[49]. Revenue Sources - The company continues to focus on its core business of general printing services and the sale of printing equipment and consumables, contributing significantly to diversified revenue sources[9]. - Revenue from general printing services was HKD 98,269,858, up 5.0% from HKD 93,420,881 in the previous year[82]. - Revenue from the sale of printing equipment and consumables dropped significantly to HKD 7,776,267 from HKD 29,680,744, a decline of 73.8%[82]. - Major customer A contributed HKD 48,375,029 to revenue, while major customer B contributed HKD 47,989,220 in the previous year[89]. - Revenue by region showed HKD 30,529,690 from Hong Kong, HKD 21,073,848 from Mainland China, and HKD 54,231,207 from the USA for the current period[88]. Cost Management - The company has implemented strict cost control measures and streamlined operations in Hong Kong to mitigate the adverse impact of competitive pressures on overall profit margins[10]. - Sales costs for the first half of 2025 were about HKD 91.3 million, compared to HKD 102.1 million in the same period of 2024, primarily due to a decline in sales of printing-related raw materials and equipment[15]. - Administrative and other expenses decreased to approximately HKD 10.9 million in the first half of 2025, down about 33.1% from HKD 16.3 million in the first half of 2024, mainly due to reduced bad debt provisions and rental expenses[16]. Strategic Expansion - Strategic expansion into mainland China, Taiwan, and the United States has shown resilience, effectively offsetting the weak performance of the Hong Kong printing business[11]. - The ongoing strategic expansion has become a cornerstone of the company's diversified revenue base, significantly reducing reliance on the local market[11]. - The company’s operational adjustments include relocating certain production and procurement activities to low-cost jurisdictions to alleviate competitive pressures[10]. Financial Position - As of September 30, 2025, total assets decreased to HKD 61,126,516 from HKD 109,352,988 as of March 31, 2025, representing a decline of approximately 44%[73]. - Current liabilities increased significantly to HKD 41,216,723 from HKD 91,263,587, indicating a decrease in net current liabilities from HKD 7,980,974 to HKD 2,334,165[73]. - Total liabilities as of September 30, 2025, included lease liabilities of approximately HKD 13.0 million, down from HKD 17.0 million on March 31, 2025, due to regular lease payments[28]. - Cash and cash equivalents decreased from approximately HKD 1.8 million on March 31, 2025, to about HKD 0.8 million on September 30, 2025, primarily due to loan repayments[22]. Shareholder Information - As of September 30, 2025, the company's issued share capital was HKD 998,000, with 99,800,000 shares outstanding after a share consolidation on March 18, 2025[33]. - The company implemented a capital reduction on May 29, 2025, reducing the par value of shares from HKD 0.25 to HKD 0.01, alongside a share split[34]. - The largest customer accounted for approximately 45.6% of total revenue in the first half of 2025, indicating a reliance on a single client[42]. - The company’s major shareholders include Mr. Lin Cheng Tai, who holds approximately 59.45% of the shares[55]. Corporate Governance - The company has complied with all applicable corporate governance code provisions, except for a deviation regarding the separation of the roles of Chairman and CEO[63]. - The Chairman and CEO roles are held by Mr. Lin Chengda, which deviates from the corporate governance code that recommends these roles be separate[64]. - The board consists of five executive directors and three independent non-executive directors, ensuring a high level of independence[64]. - The company will continue to review and monitor its practices to comply with the corporate governance code and maintain high standards of governance[64]. Risks and Challenges - The group faces risks related to raw material supply and subcontractor performance, which could adversely affect operations and profitability[43][44]. - The business is sensitive to economic fluctuations in key markets, including Hong Kong, mainland China, Taiwan, and the United States[46].

Financial Performance - Total revenue for the six months ended September 30, 2025, was HKD 4,925,100, compared to HKD 4,449,517 for the same period in 2024, representing an increase of approximately 10.7%[2] - The net profit attributable to shareholders for the period was HKD 61,184, a significant recovery from a loss of HKD 264,089 in the previous year[4] - Basic earnings per share improved to HKD 3.31 from a loss of HKD 14.89 per share in the prior year[4] - The total comprehensive income for the period was HKD 82,261, compared to a loss of HKD 243,292 in the previous year, indicating a strong turnaround[4] - The company reported a profit before tax of HKD 91,247 for the six months ended September 30, 2025, compared to a loss before tax of HKD 244,295 for the same period in 2024[12] - The group achieved a net profit attributable to shareholders of approximately HKD 61,200,000, compared to a loss of HKD 264,100,000 in 2024, indicating improved financial performance[39] Profitability and Margins - The gross profit margin for the period was approximately 11.2%, compared to 1.2% in the same period last year, indicating a substantial improvement in profitability[3] - The construction segment reported a revenue of HKD 4,310,000,000, a 12% increase from HKD 3,850,000,000 in the same period last year, with a segment profit of HKD 152,100,000, compared to a loss of HKD 98,900,000 in 2024[41] - The professional services segment recorded a revenue of HKD 586,500,000, up from HKD 575,100,000 in 2024, with a profit of HKD 24,600,000, compared to HKD 8,300,000 in 2024, demonstrating successful dual-track strategies[45] Assets and Liabilities - Total assets as of September 30, 2025, amounted to HKD 14,681,432, compared to HKD 14,937,199 as of March 31, 2025, reflecting a decrease of about 1.7%[5] - As of September 30, 2025, total current liabilities amounted to HKD 6,205,470,000, a decrease from HKD 6,519,875,000 as of March 31, 2025[6] - Total non-current liabilities were HKD 55,043,000, a decrease from HKD 63,141,000 as of March 31, 2025[6] - The total equity attributable to shareholders was HKD 2,295,816,000, up from HKD 2,228,007,000 as of March 31, 2025[6] - The company's financial guarantees for construction and professional service contracts amounted to HKD 883,641,000 as of September 30, 2025, an increase from HKD 854,265,000 as of March 31, 2025[33] Cash Flow and Investments - Cash and cash equivalents stood at HKD 1,485,955 as of September 30, 2025, compared to HKD 1,189,972 at the end of March 2025, showing an increase of approximately 24.9%[5] - The company reported a net income from other income and gains of HKD 27,628 for the six months ended September 30, 2025, compared to HKD 32,624 in 2024, a decrease of about 15.3%[17] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[2] Shareholder Returns - The company declared an interim dividend of HKD 0.83 per share for the period[2] - The interim dividend declared for the six months ended September 30, 2025, is HKD 0.83 per share, compared to no dividend in the same period of 2024[22] - The company believes that the share repurchase is aimed at enhancing the net asset value per share and earnings per share[74] Operational Highlights - The company operates in five main segments: construction services, property development and leasing, professional services, non-franchised bus services, and medical technology and health[10] - The group secured five new projects during the review period, including maintenance contracts for the Buildings Department and a primary school construction project with 30 classrooms[42] - The group completed 12 projects during the review period, including a primary school and a kindergarten construction project, showcasing its operational capabilities[43] Strategic Initiatives - The group is committed to sustainable development goals (SDGs) and is closely monitoring technological advancements in property management, such as IoT technology, to enhance service quality and reduce operational costs[47] - The group aims to diversify its business and expand revenue sources through strategic partnerships and investments[59] - The group plans to actively pursue opportunities in key sectors such as infrastructure, healthcare, and finance to boost Hong Kong's competitiveness[60] Corporate Governance - The Audit Committee has reviewed and agreed with the accounting principles and practices adopted by the company during the review period[79] - The company has complied with all corporate governance codes as per the listing rules during the review period[76] - The Executive Directors of the company include Mr. Peng Yiting, Mr. Xu Jianhua, and Dr. Peng Yibang[81]

Financial Performance - For the six months ending September 30, 2025, the group's revenue decreased by approximately HKD 28.4 million or 20.5% to about HKD 110.1 million, compared to HKD 138.5 million for the same period in 2024[12][13] - The group's gross profit slightly decreased by approximately HKD 0.1 million or 3.0% to about HKD 5.1 million, with a gross profit margin of approximately 4.6%, up from 3.8% in the previous period[14] - For the six months ended September 30, 2025, the group recorded a net loss of approximately HKD 3.7 million, a decrease of about HKD 6.8 million or 64.8% compared to the net loss of approximately HKD 10.5 million for the same period in 2024[18] - The company's financing activities generated a net cash inflow of HKD 2,513,000, compared to a cash outflow of HKD 500,000 in the previous year[36] - The company reported a loss attributable to equity holders of HKD 3,746,000 for the six months ended September 30, 2025, compared to a loss of HKD 10,465,000 in the same period of 2024, indicating an improvement of approximately 64.1%[55] - Basic loss per share for the six months ended September 30, 2025, was HKD 0.78, compared to HKD 2.18 for the same period in 2024, reflecting a significant reduction in losses[55] Revenue and Expenses - The decrease in revenue was primarily due to the completion of large projects and a reduction in the number of large projects available in the market[13] - Administrative and other operating expenses, along with expected credit loss provisions, amounted to approximately HKD 9.4 million, a reduction of HKD 3.5 million or 27.0% from approximately HKD 12.9 million in the same period of 2024[16] - Financial costs decreased to approximately HKD 2.1 million, down by HKD 0.7 million or 23.4% from approximately HKD 2.8 million for the same period in 2024, primarily due to a reduction in the average interest rate on borrowings[17] - The total employee costs for the six months ended September 30, 2025, were approximately HKD 8.9 million, a decrease from approximately HKD 12.2 million for the same period in 2024[28] - Employee costs, including directors' emoluments, totaled HKD 8,935,000 for the six months ended September 30, 2025, down from HKD 12,161,000 in the same period of 2024, a decrease of approximately 26.5%[51] Cash Flow and Liquidity - The total cash and cash equivalents as of September 30, 2025, were approximately HKD 44.3 million, an increase from approximately HKD 43.1 million as of March 31, 2025, due to a net cash inflow of approximately HKD 1.2 million from operating and financing activities[19] - The company reported a net cash outflow from operating activities of HKD 1,332,000 for the six months ended September 30, 2025, an improvement from HKD 10,362,000 in the same period last year[36] - Cash and bank balances reached HKD 44,270,000 as of September 30, 2025, compared to HKD 43,089,000 as of March 31, 2025[65] Assets and Liabilities - The group's debt-to-equity ratio increased from approximately 82.8% as of March 31, 2025, to approximately 93.5% as of September 30, 2025, mainly due to an increase in borrowings[19] - The total liabilities increased from HKD 63,313,000 to HKD 67,903,000, marking an increase of approximately 7.5%[34] - The total assets minus current liabilities amounted to HKD 140,717,000, compared to HKD 139,873,000 as of March 31, 2025, reflecting a slight increase of 0.6%[33] - The company's non-current assets decreased from HKD 1,625,000 to HKD 1,160,000, representing a decline of approximately 28.5%[33] - Trade and other receivables decreased from HKD 25,541,000 to HKD 17,691,000, a reduction of about 30.8%[33] Business Outlook and Strategy - The economic outlook for Hong Kong in the second half of 2025 is expected to remain stable with a GDP growth rate projected between 2% and 3%[12] - The company is actively exploring new business opportunities, particularly in the Web3.0 and new energy sectors, which are strongly supported by government policies[12] - The group aims to maintain flexibility and enhance resilience to thrive in the changing economic environment in mainland China and Hong Kong[12] Shareholder Information - Major shareholders include China Sports Asset Management Co., Ltd., holding 360,000,000 shares, representing 75% of the total issued share capital[77] - The company has adopted a share option scheme allowing for a maximum of 48,000,000 shares to be granted, which is 10% of the issued shares as of the report date[80] - The company has not purchased, sold, or redeemed any of its securities during the six months ending September 30, 2025[88] - The company has maintained sufficient public float as required by listing rules as of September 30, 2025[91] Corporate Governance - The company has adopted and complied with the Corporate Governance Code during the reporting period[93] - The Audit Committee, consisting of three independent non-executive directors, reviewed and approved the interim financial statements for the six months ending September 30, 2025[96]

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。 Microware Group Limited 美高域集團有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1985） 截至二零二五年九月三十日止六個月 中期業績公告 摘要 – 1 – • 本集團於本期間的總收益約為658.8百萬港元，較上一期間約720.7百萬港元 減少約61.9百萬港元或8.6%。 • 本集團於本期間的溢利及全面收益總額約為3.1百萬港元，較上一期間約 13.5百萬港元減少約10.4百萬港元或77.0%。該減少乃主要由於行政開支增 加所致。 • 本期間每股基本盈利為0.01港元，而上一期間為0.04港元。 • 董事會決議不宣派本期間中期股息（上一期間：無）。 中期業績 美高域集團有限公司（「本公司」）董事（「董事」及各為一名「董事」）會（「董事會」）欣 然公佈本公司及其附屬公司（統稱「本集團」）截至二零二五年九月三十日止六個月 （「本期間」）的未經 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部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。 GRAND MING GROUP HOLDINGS LIMITED （除另有指明外，本公佈內「元」指港元及「仙」指港仙） 截至二零二五年九月三十日止六個月的 中期業績公佈 佳 明 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1271） 摘要 佳明集團控股有限公司(「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」)截至二零二五年九月三十日止六個月(「2025/26 上半年」)的未經 審核中期業績，連同截至二零二四年九月三十日止六個月(「2024/25 上半年」)的比較數字 如下： - 1 - ⚫ 收益減少62.9% 至 2.535億元（二零二四年：6.837億元） ⚫ 期內虧損2,610萬元 (二零二四年：溢利5,260萬元)。每股基本虧損1.8仙 (二零二四年: 每股基本盈利3.7仙) ⚫ 董事會議決不會就2025/26上半年宣派 ...

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 香港交易及結算所有限公司及香港聯合交易所有限公 司對本公佈的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本公佈全部或任 何部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。 NEW CONCEPTS HOLDINGS LIMITED 創業集團（控 ...

Financial Performance - The group's revenue for the six months ended September 30, 2025, was approximately HKD 11,264,000, a decrease of about 27% compared to HKD 15,524,000 for the same period last year[8] - The gross profit for the same period was approximately HKD 6,633,000, compared to HKD 3,148,000 in the previous fiscal year[9] - The loss attributable to owners of the company for the six months was approximately HKD 17,104,000, an improvement from a loss of HKD 21,532,000 in the same period last year[9] - The total comprehensive loss for the period was HKD 15,536,000, compared to HKD 18,427,000 in the previous year[13] - The basic and diluted loss per share for the period was HKD 0.77, compared to HKD 0.96 in the previous year[13] - For the six months ended September 30, 2025, the company reported a net loss of approximately HKD 17,981,000, compared to a net loss of HKD 22,342,000 for the same period in 2024, indicating an improvement of about 19.5%[22] - The company recorded a total comprehensive loss of HKD 15,536,000 for the six months ended September 30, 2025[22] - The company reported a loss of approximately HKD 18,000,000 for the six months ended September 30, 2025, an improvement of about HKD 4,300,000 compared to a loss of approximately HKD 22,300,000 in the previous period[60] - The loss attributable to the company's owners was approximately HKD 17,100,000, compared to approximately HKD 21,500,000 in the previous period[61] Assets and Liabilities - The company's non-current assets as of September 30, 2025, amounted to HKD 4,760,000, an increase from HKD 2,622,000 as of March 31, 2025[14] - Current assets totaled HKD 84,542,000, a decrease from HKD 87,279,000 as of March 31, 2025[14] - Current liabilities were HKD 96,297,000, significantly reduced from HKD 171,001,000 as of March 31, 2025[14] - As of September 30, 2025, the company recorded current liabilities net worth of approximately HKD 6,995,000, a decrease from HKD 83,772,000 as of March 31, 2025[22] - The total liabilities net worth as of September 30, 2025, was approximately HKD 97,473,000, compared to HKD 81,937,000 as of March 31, 2025, reflecting an increase of about 19%[22] - The company's equity attributable to owners decreased to approximately HKD 92,865,000 as of September 30, 2025, from HKD 78,206,000 as of March 31, 2025[17] - The group’s total liabilities and financial costs were reported at HKD 8,501,000 for the current period[32] - The group's net liabilities as of September 30, 2025, were approximately HKD 97,473,000, an increase from HKD 81,937,000 as of March 31, 2025, reflecting a significant rise in financial obligations[64] Cash Flow - The company generated a net cash outflow of HKD 5,127,000 from operating activities for the six months ended September 30, 2025, compared to a net cash outflow of HKD 9,037,000 for the same period in 2024[20] - The company had cash and cash equivalents of approximately HKD 28,516,000 as of September 30, 2025, down from HKD 58,077,000 at the end of the previous period[20] - Cash and bank balances as of September 30, 2025, were approximately HKD 28,516,000, a decrease of about 3.4% from the balance as of March 31, 2025[64] Revenue Breakdown - Cryptocurrency business revenue was HKD 1,220,000, down 74.9% from HKD 4,850,000 in the previous year[30] - Financial services revenue amounted to HKD 5,393,000, while the group incurred a segment loss of HKD 2,459,000 in this category[32] - The group reported total revenue of HKD 11,264,000 for the six months ended September 30, 2025, a decrease of 27.5% from HKD 15,524,000 in the same period of 2024[30] Operational Strategies - The company plans to implement strict monitoring procedures for receivables to improve cash flow and financial condition[22] - The group plans to implement various strategies to enhance revenue and control costs to improve profitability and operational cash flow[26] - The group is actively negotiating with creditors to extend debt maturities and seeking alternative debt or equity financing to meet cash flow needs[26] Corporate Governance - The board confirmed that the information provided in the report is accurate and complete, with no misleading elements[6] - The Audit Committee was established on November 29, 2000, and is responsible for reviewing the financial reporting process and internal control mechanisms[82] - The Remuneration Committee, formed on March 18, 2005, consists of three independent non-executive directors, with specific responsibilities for recommending policies regarding executive compensation[83] - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM Listing Rules[85] - The company has applied and complied with all provisions of the corporate governance code as per GEM Listing Rules, with one exception regarding the attendance of the chairman at the annual general meeting[86] - The board of directors includes four executive directors and three independent non-executive directors as of the report date[88] Employee Information - Employee benefits expenses totaled HKD 7,540,000, an increase from HKD 7,090,000 in the previous year[43] - The total number of employees as of September 30, 2025, was 21, down from 31 in the previous year, with total compensation amounting to approximately HKD 7,540,000[69] Dividends - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2025[9] - The company did not declare or recommend any interim dividend for the six months ended September 30, 2025, consistent with the previous year[42] Business Activities - The company continues to engage in various business activities, including lending, securities, futures brokerage, asset management, and cryptocurrency investments[21] - The group commenced its Bitcoin mining business in April 2021 and remains confident in its future development despite recent market price fluctuations[63] - The group anticipates a decline in revenue from its horse breeding segment in the upcoming fiscal year due to aging breeding stock and has no intention to further invest in this segment[63] Other Information - The company acquired property, plant, and equipment at a cost of approximately HKD 980,000 during the six months ended September 30, 2025[47] - Trade receivables amounted to HKD 1,729,000 as of September 30, 2025, with an expected credit loss provision of HKD 309,000[48] - Trade payables increased to HKD 4,277,000 as of September 30, 2025, compared to HKD 3,492,000 as of March 31, 2025[51] - Administrative expenses for the six months ended September 30, 2025, were HKD 16,300,000, nearly unchanged from HKD 13,900,000 in the previous year[57] - Major shareholders include Fresh Success Investment Limited, holding 143,791,404 shares, representing 61.61% of the issued share capital[70] - The group has not engaged in any significant acquisitions or disposals during the reporting period[68] - The group has not adopted any share option schemes during the six months ending September 30, 2025[74] - The group has no significant contracts in which any director or executive officer has a direct or indirect interest as of the end of the reporting period[76] - The group has not established any foreign exchange hedging arrangements and closely monitors foreign currency exchange rate fluctuations to manage foreign exchange risk[66] - The group has recognized a net foreign exchange gain of HKD 21,000 for the current period, compared to a loss of HKD 281,000 in the previous year[37]