CONTENTS 目錄 | Abbreviations | 簡稱 | 2 | | --- | --- | --- | | Corporate Information | 公司資料 | 3 | | Management Discussion and Analysis | 管理層討論及分析 | 5 | | Condensed Consolidated Statement of Profit or Loss | 簡明綜合損益表 | 11 | | Condensed Consolidated Statement of Profit or Loss and | 簡明綜合損益及其他全面收益表 | 12 | | Other Comprehensive Income | | | | Condensed Consolidated Statement of Financial Position | 簡明綜合財務狀況表 | 13 | | Condensed Consolidated Statement of Changes in Equity | 簡明綜合權益變動表 | 15 | | Condensed Consolidated ...

Financial Performance - The company recorded revenue of HKD 5,683,972,000 for the six months ended September 30, 2025, representing a 28.2% increase from HKD 4,433,441,000 in the same period of 2024[3][8] - Gross profit increased from HKD 320,946,000 to HKD 348,029,000, reflecting a growth of 8.4%[4][8] - Profit attributable to equity holders rose from HKD 24,619,000 to HKD 39,198,000, marking an increase of 59.5%[5][8] - Basic and diluted earnings per share increased to HKD 0.0895 from HKD 0.0562, a growth of 59.5%[6][8] - The company reported a total comprehensive income of HKD 57,890,000 for the period, compared to HKD 45,544,000 in the previous year, an increase of 27.1%[10][8] - The company reported a profit of HKD 39,198,000 for the six months ended September 30, 2025, compared to a profit of HKD 24,619,000 for the same period in 2024, representing a year-over-year increase of 59.5%[15] Assets and Liabilities - Total assets as of September 30, 2025, amounted to HKD 6,680,570,000, up from HKD 6,571,231,000 as of March 31, 2025[12][14] - The total liabilities of the group were HKD 5,252,571,000, reflecting an increase from HKD 5,201,122,000 in the previous reporting period[32] - The company’s total liabilities increased to HKD 6,000,000 as of September 30, 2025, compared to HKD 5,000,000 in the previous year, reflecting a rise of 20%[15] - The total equity attributable to equity holders decreased to HKD 1,434,422,000 as of September 30, 2025, down from HKD 1,541,223,000 at the end of September 2024, a decline of 6.9%[15] Cash Flow and Financing - Operating cash flow for the six months ended September 30, 2025, was a net outflow of HKD 65,410,000, an improvement from a net outflow of HKD 110,839,000 in the same period of 2024[17] - The company incurred a loss of HKD 53,964,000 in cash used in operating activities for the six months ended September 30, 2025, which is an improvement from a loss of HKD 107,637,000 in the previous year[18] - The company reported a net cash inflow from financing activities of HKD 195,018,000 for the six months ended September 30, 2025, compared to HKD 77,310,000 in the same period of 2024, indicating a significant increase of 152.5%[18] - Total borrowings increased to HKD 2,990 million from HKD 2,754 million, primarily due to high operational funding needs for large construction and electromechanical projects[61] Revenue Segmentation - Revenue from the construction segment reached HKD 4,203,006,000, up 22.5% from HKD 3,430,681,000 in the previous year[28] - The electromechanical installation segment generated revenue of HKD 1,319,367,000, a 39.6% increase from HKD 945,200,000 in the prior year[28] - Property investment and development revenue increased significantly to HKD 59,585,000 from HKD 10,878,000, marking a growth of 448.5%[28] - The hotel operations segment reported revenue of HKD 4,767,000, with no revenue reported in the same period last year[28] Costs and Expenses - Construction costs increased significantly to HKD 4,007,736,000 in 2025 from HKD 3,207,425,000 in 2024, representing a rise of about 24.9%[35] - Employee costs, including directors' remuneration, rose to HKD 829,936,000 in 2025, up from HKD 717,898,000 in 2024, an increase of approximately 15.6%[35] - Total finance costs decreased to HKD 53,029,000 in 2025 from HKD 69,984,000 in 2024, a reduction of about 24.3%[36] - The total operating expenses rose by HKD 28 million to HKD 281 million, primarily due to increased transportation and wage costs[57] Strategic Initiatives and Operations - The company continues to focus on its core operations in construction, electromechanical installation, and property development, with no new strategic initiatives reported[29] - The company established a second factory in Dongguan to meet future demand, reflecting its commitment to expanding production capacity[57] - The group aims to explore applications of artificial intelligence to enhance competitiveness and market share while maintaining a focus on innovation and sustainability[65] - The integration of Hong Kong and the Greater Bay Area presents transformative opportunities for expanding environmental technology solutions[64] Compliance and Governance - The company has complied with the listing rules as of September 30, 2025, except for the separation of roles between the Chairman and the CEO[72] - The company has adopted the standard code of conduct for securities trading as per the listing rules, confirming compliance for the six months ending September 30, 2025[73]

凱聯國際酒店有限公司 中期報告 （以港幣列示） 董事會謹此宣布本集團截至二零二五年九月三十日止半年度未經審核之綜合業績。該業績 已由香港執業會計師 — 畢馬威會計師事務所根據香港會計師公會頒布的《香港審閱工作準 則》第2410號「獨立核數師對中期財務信息的審閱」進行審閱，並經審核委員會審閱，且無不 同意見。該會計師事務所之無修訂的審閱報告刊載於本中期報告內。 截至二零二五年九月三十日止六個月 綜合損益及其他全面收入表 — 未經審核 | | | 截至九月三十日止六個月 | | | --- | --- | --- | --- | | | 附註 | 二零二五年 | 二零二四年 | | | | 千元 | 千元 | | 收入 | 3 | 148,202 | 151,747 | | 服務成本 | | (48,417) | (48,429) | | 毛利 | | 99,785 | 103,318 | | 其他收入 | 5 | 8,561 | 11,438 | | 其他虧損淨額 | 5 | – | (1) | | 行政費用 | | (18,641) | (17,974) | | 投資物業估值變動前的經營溢利 | | 89,7 ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 152,418,000, a decrease of 2.8% compared to HKD 156,388,000 for the same period in 2024[3] - Gross profit for the same period was HKD 102,497,000, down from HKD 106,520,000, reflecting a decline of 3.8%[3] - The operating loss after investment property valuation changes was HKD 132,793,000, compared to a loss of HKD 504,310,000 in the previous year, indicating a significant improvement[3] - The net loss attributable to equity shareholders for the period was HKD 75,428,000, compared to HKD 277,829,000 in the prior year, representing a reduction of 72.8%[3] - Cash generated from operating activities was HKD 77,339,000, down from HKD 87,054,000, a decrease of 8.7%[7] - Other income for the six months ended September 30, 2025, was HKD 8,593,000, a decrease from HKD 11,949,000 in the same period last year[17] - The group incurred a pre-tax loss of HKD 75,428,000 for the six months ended September 30, 2025, compared to a loss of HKD 277,829,000 in the previous year[23] - The group’s interest income decreased to HKD 6,658,000 from HKD 11,570,000 year-on-year[17] - The group’s tax expenses for the six months ended September 30, 2025, were HKD 13,550,000, slightly up from HKD 13,418,000 in the previous year[19] Cash and Assets - Cash and cash equivalents at the end of the period increased to HKD 618,564,000 from HKD 572,862,000, reflecting a growth of 8.0%[7] - Total assets less current liabilities amounted to HKD 7,635,854,000, a decrease from HKD 7,853,472,000 as of March 31, 2025[4] - The total equity attributable to equity shareholders decreased to HKD 3,834,270,000 from HKD 3,947,677,000, a decline of 2.9%[4] - As of September 30, 2025, the total receivables (net of credit loss provisions) amounted to HKD 120,872,000, an increase from HKD 110,479,000 as of March 31, 2025[25] - The group’s total equity as of September 30, 2025, was HKD 7,299,300,000, compared to HKD 7,521,100,000 as of March 31, 2025[28] Dividends and Shareholder Information - The company declared dividends payable to equity shareholders amounting to HKD 37,979,000 during the period[5] - The group declared an interim dividend of HKD 0.05 per share, totaling HKD 23,737,000, down from HKD 28,484,000 in the previous year[21] - The board has declared an interim dividend of HKD 0.05 per share, down from HKD 0.06 per share in the previous year[30] - As of September 30, 2025, the company has a total of 237,370,032 shares held by Tian De Limited, representing 50.001% of the voting shares[39] - The company’s director, Zhong Qiong Lin, holds 46,139,164 shares, accounting for approximately 9.72% of the total voting shares[39] - The director, Zhong Jiong Hui, owns 27,864,420 shares, which is about 5.87% of the total voting shares[39] Operational Performance - The group reported rental income of approximately HKD 19,395,000 from a single customer, which accounted for over 10% of total revenue, compared to HKD 18,182,000 in the previous year[14] - The rental income from the International Plaza for the six months ending September 30, 2025, was approximately HKD 147,000,000, a decrease of about 2.3% year-on-year[28] - The occupancy rate of the International Plaza as of September 30, 2025, was approximately 74.8%, down from 77.0% a year earlier[28] - The group anticipates that rental income and operating performance for the second half of the year will be negatively impacted[29] Financing and Costs - The company reported a financing cost of HKD 3,273,000, down from HKD 5,496,000, indicating a reduction of 40.3%[3] - The group’s financing costs amounted to HKD 3,273,000, a reduction from HKD 5,496,000 in the previous year[18] - The group’s depreciation expenses were HKD 2,128,000, compared to HKD 2,185,000 in the previous year[18] - The group’s net foreign exchange gain was HKD 578,000, down from HKD 1,026,000 in the previous year[17] Corporate Governance - The company has complied with all applicable provisions of the Corporate Governance Code during the six months ending September 30, 2025, except for the lack of insurance arrangements for directors facing legal actions[43] - The company currently does not have an internal audit function, but the board will review the necessity of establishing one annually[45] - The company has not disclosed the remuneration details of senior management by salary band in the annual report, believing it would not negatively impact the company[46] - All directors confirmed compliance with the standard code of conduct regarding securities transactions for the six months ending September 30, 2025[47] Audit and Review - The interim financial report was reviewed, including the consolidated financial position as of September 30, 2025, and the comprehensive income statement for the six-month period[49] - The review was conducted according to the Hong Kong Institute of Certified Public Accountants' standards, focusing on inquiries and analytical procedures[50] - No significant issues were identified that would suggest the interim financial report was not prepared in accordance with the relevant accounting standards[51] - The review was performed by KPMG, with the report issued on November 27, 2025[52]

目錄 | 業績概要 | 2 | | --- | --- | | 管理層討論及分析 | 3 | | 簡明綜合損益表 | 10 | | 簡明綜合損益及其他全面收益表 | 12 | | 簡明綜合財務狀況表 | 14 | | 簡明綜合權益變動表 | 16 | | 簡明綜合現金流量表 | 17 | | 簡明綜合財務報表附註 | 18 | | 董事及最高行政人員之證券權益 | 44 | | 其他人士於股份及相關股份之權益 | 47 | | 企業管治及其他資料 | 48 | 目錄 業績概要 英皇國際集團有限公司（「本公司」）董事會（「董事會」或「董事」）提呈本公司及其附屬公司 （統稱「本集團」）截至2025年9月30日止6個月（「本期間」）之未經審核簡明綜合業績。 | | 截至9月30日止6個月 | | 變動 | | --- | --- | --- | --- | | | 2025年 | 2024年 | | | | （未經審核） | （未經審核） | | | | 千港元 | 千港元 | | | 總收入 | 1,595,375 | 459,378 | +247.3% | | 物業發展 | 1,235,523 | 81,880 ...

2025 / 2026 2025 / 2026 財務摘要 截至九月三十日止六個月 | | 二零二五年 | 二零二四年 | 變動 | | --- | --- | --- | --- | | | 千港元 | 千港元 | 百分比 | | | （未經審核） | （未經審核） | | | 經營 | | | | | 營業收入 | 308,764 | 337,849 | (9) | | 歸屬於本公司持有人之溢利 | 32,804 | 35,816 | (8) | | 每股盈利 | | | | | －基本及攤薄 | 4.39港仙 | 4.79港仙 | (8) | | | 於二零二五年 | 於二零二五年 | | | | 九月三十日 | 三月三十一日 | 變動 | | | 百萬港元 | 百萬港元 | 百分比 | | | （未經審核） | （經審核） | | | 財務狀況 | | | | | 總資產 | 666 | 713 | (7) | | 歸屬於本公司持有人之權益 | 462 | 442 | 5 | 01 冠亞商業集團有限公司（「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 ...

我們按照香港會計師公會頒佈之香港審閱委聘準則第2410號「由實體之獨立核數師審閱中期財務資料」進行審 閱工作。審閱該等簡明綜合中期財務資料之工作包括主要向負責財務及會計事務人員作出查詢以及進行分析 及其他審閱程序。由於審閱範圍遠較根據香港審計準則進行審核為小，故我們不保證可知悉所有在審核中可 能發現之重大事項。因此，我們不會發表審核意見。 Incorporated in the Cayman Islands with limited liability 於開曼群島註冊成立之有限公司 ( Stock Code 股份代號 : 77 ) AMS PUBLIC TRANSPORT HOLDINGS LIMITED 進智公共交通控股有限公司 INTERIM REPORT 中期報告書 2025/26 簡明綜合中期財務資料獨立核數師審閱報告 致進智公共交通控股有限公司 董事會 （於開曼群島註冊成立之有限公司） 引言 本核數師（以下簡稱「我們」）已審閱第2至20頁所載進智公共交通控股有限公司（「貴公司」）及其附屬公司（統稱 「貴集團」）之簡明綜合中期財務資料，其中包括於二零二五年九月三十日之簡明綜合財務狀況表與截至該日止 六 ...

Financial Performance - The group's total revenue increased by approximately HKD 218.7 million or 38.2% to about HKD 791.9 million for the six months ended September 30, 2025, compared to approximately HKD 573.2 million for the same period in 2024[7]. - The net profit for the six months ended September 30, 2025, was approximately HKD 2.9 million, a decrease of about HKD 0.9 million or 23.3% from the same period in 2024[11]. - Basic and diluted earnings per share for the six months ended September 30, 2025, were approximately HKD 0.29, down from HKD 0.37 for the same period in 2024[11]. - The group recorded a gross profit of approximately HKD 35.8 million for the six months ended September 30, 2025, compared to HKD 39.4 million for the same period in 2024[12]. - For the six months ended September 30, 2025, the company reported a net profit of HKD 2,889,000, compared to HKD 3,765,000 for the same period in 2024, representing a decrease of approximately 23.2%[15]. - Total revenue for the six months ended September 30, 2025, was HKD 791,855,000, an increase of 38.2% from HKD 573,152,000 in the same period of 2024[22]. - Gross profit decreased by approximately HKD 3.6 million or 9.2% to approximately HKD 35.8 million for the six months ended September 30, 2025, with a gross margin of approximately 4.5% compared to 6.9% for the same period in 2024[35]. - Net profit attributable to owners decreased by approximately HKD 0.9 million or 23.3% to approximately HKD 2.9 million for the six months ended September 30, 2025, primarily due to increased subcontracting costs and additional costs related to project defects[40]. Assets and Liabilities - The total non-current assets as of September 30, 2025, amounted to approximately HKD 79.5 million, an increase from HKD 78.7 million as of March 31, 2025[13]. - Current assets totaled approximately HKD 561.8 million as of September 30, 2025, compared to HKD 554.5 million as of March 31, 2025[13]. - Non-current liabilities increased to HKD 1,793,000, up from HKD 1,493,000 as of March 31, 2025, reflecting a rise of 20.1%[14]. - The company's total equity as of September 30, 2025, was HKD 139,570,000, an increase of 2.1% from HKD 136,681,000 as of March 31, 2025[14]. - Total assets as of September 30, 2025, were approximately HKD 641.3 million, with total liabilities and equity of approximately HKD 501.7 million and HKD 139.6 million, respectively[41]. - As of September 30, 2025, the company's debt-to-equity ratio was approximately 100.4%, up from 97.4% on March 31, 2025, with total interest-bearing debt of approximately HKD 140.1 million and total equity of approximately HKD 139.6 million[42]. Cash Flow and Financing - The company generated a net cash inflow from operating activities of HKD 15,021,000, a significant improvement compared to a cash outflow of HKD 20,248,000 in the previous year[16]. - The group reported a financing cost of approximately HKD 3.7 million for the six months ended September 30, 2025, down from HKD 6.2 million for the same period in 2024[12]. - Financing costs decreased by approximately HKD 2.4 million or 39.5% to approximately HKD 3.7 million for the six months ended September 30, 2025, due to a decrease in interest rates and a reduction in bank borrowings[38]. - The company maintained a stable liquidity position throughout the six-month period, with bank borrowings primarily based on floating interest rates and denominated in HKD, thus avoiding significant foreign exchange risk[43]. - As of September 30, 2025, assets with a book value of approximately HKD 165.5 million were pledged as collateral for bank financing[44]. Business Strategy and Outlook - The group plans to continue focusing on its core business areas, including structural engineering services and property leasing, while exploring potential opportunities in the property leasing market[8]. - The group aims to diversify its business portfolio and strengthen its industry position to deliver ideal returns to shareholders[8]. - The company remains confident in the economic outlook for Hong Kong and the construction industry, expecting continued growth in the real estate market supported by a recovery in leasing and property sales[33]. Shareholder Information - The board did not recommend any interim dividend for the six months ended September 30, 2025[11]. - The company did not declare an interim dividend for the six months ended September 30, 2025, consistent with the previous year[27]. - The issued share capital of the company was HKD 10,130,000, with a total of 1,013,000,000 ordinary shares as of September 30, 2025[46]. - The largest shareholder, Mr. Ng, held 726,800,000 shares, representing approximately 72.73% of the company's equity[56]. - The company did not engage in any purchase, sale, or redemption of its listed securities during the six-month period ended September 30, 2025[64]. Employee and Operational Costs - The total employee cost for the six months ended September 30, 2025, was approximately HKD 55.3 million, compared to HKD 51.7 million for the same period in 2024, with a total of 184 employees as of the reporting date[52]. - Administrative and other operating expenses increased by approximately HKD 0.8 million or 2.6% to approximately HKD 30.2 million for the six months ended September 30, 2025, primarily due to increased salaries[37]. Corporate Governance - The company’s audit committee consists of three independent non-executive directors, ensuring proper oversight of financial reporting[80]. - The company has been compliant with the corporate governance code principles as of September 30, 2025[67]. - The company’s chairman and CEO roles are held by the same individual, which the board believes strengthens leadership during a period of rapid development[66]. - The company plans to review the need for appointing a separate CEO in the future as necessary[66]. Share Options - As of September 30, 2025, a total of 32,500,000 share options were granted under the share option scheme, with an exercise price of HKD 0.40 per share[79]. - No share options were exercised or forfeited during the six months ending September 30, 2025[79]. - The share options plan allows for a maximum of 10% of the total issued shares to be granted, which equates to 100,000,000 shares[72]. - The share options can be exercised at any time within a period not exceeding ten years from the grant date[74]. Other Information - The company had no significant capital commitments or plans for major investments or acquisitions as of September 30, 2025[48][49]. - There were no significant contingent liabilities reported as of September 30, 2025[50]. - There were no significant post-reporting date events noted[54]. - The company has not disclosed specific financial performance metrics for the six months ending September 30, 2025, in the provided documents[67].

股份代號 : 202 中期報告 EVERCHINA INT'L HOLDINGS COMPANY LIMITED 潤中國際控股有限公司 INTERIM REPORT 中期報告 2025 潤中國際控股有限公司 2025年中期報告 目 錄 | 公司資料 | 2 | | --- | --- | | 獨立審閱報告 | 3 | | 簡明綜合損益表 | 5 | | 簡明綜合損益及其他全面收益表 | 6 | | 簡明綜合財務狀況表 | 7 | | 簡明綜合權益變動表 | 8 | | 簡明綜合現金流量表 | 10 | | 簡明綜合財務報表附註 | 11 | | 管理層討論及分析 | 36 | | 其他資料 | 41 | 2025年中期報告 潤中國際控股有限公司 公司資料 董事會 高明東先生 （委員會主席） 何耀瑜先生 王雪女士 執行董事 陳懿先生 （行政總裁） 周支柱先生 （聯席行政總裁） 姜孝恒先生 王雪女士 非執行董事 姜照柏先生 （主席） 獨立非執行董事 何耀瑜先生 高明東先生 吳志彬先生 董事委員會 審核委員會 何耀瑜先生 （委員會主席） 高明東先生 吳志彬先生 薪酬委員會 何耀瑜先生 （委員會主席） 高明東先生 陳 ...

Non-executive Directors (於開曼群島註冊成立之有限公司) 股份代號 2025/2026Interim Report 中期報告 CONTENTS 目錄 | Corporate Information | 2 | 公司資料 | | --- | --- | --- | | Financial Highlights | 5 | 財務摘要 | | Financial Information | 6 | 財務資料 | | Notes to the Condensed Consolidated | 13 | 簡明綜合財務報表附註 | | Financial Statements | | | | Management Discussion and Analysis | 35 | 管理層討論及分析 | | Other Information | 54 | 其他資料 | INTERIM REPORT 2025/2026 2025/2026 中期業績報告 1 CORPORATE INFORMATION 公司資料 BOARD OF DIRECTORS Executive Directors Mr. Washi ...