股份代 號 : 252 Stock code : 252 中期報告 Southeast Asia Properties & Finance Limited 華信地產財務有限公司 Interim Report 2025/26 中期報告 華信地產財務有限公司 目錄 | | 頁次 | | --- | --- | | 公司資料 | 2 | | 簡明綜合損益表 | 3 | | 簡明綜合全面收益表 | 5 | | 簡明綜合財務狀況表 | 6 | | 簡明綜合權益變動表 | 8 | | 簡明綜合現金流動表 | 9 | | 簡明綜合財務報告附註 | 10 | | 管理層討論及分析 | 32 | | 企業管治及其他資料 | 37 | 1 中期報告 2025/26 華信地產財務有限公司 公司資料 董事會 執行董事 蔡乃端先生 （主席） 蔡基鴻先生 （董事總經理） 陳鑫淼先生 非執行董事 陳文漢先生 蔡漢榮先生 蔡穎雯女士 蔡雪莉女士 獨立非執行董事 陳兆庭先生 徐家華先生 陸紹傳博士 甘卓燊先生 審核委員會 陳兆庭先生 （主席） 陳文漢先生 蔡漢榮先生 徐家華先生 陸紹傳博士 甘卓燊先生 薪酬委員會 徐家華先生 （主席） 蔡乃端 ...

King's Stone Holdings Group Limited 金石控股集團有限公司 （於開曼群島註冊成立的有限公司） （前稱SILVER TIDE HOLDINGS LIMITED銀濤控股有限公司） 股份代號：1943 (formerly known as SILVER TIDE HOLDINGS LIMITED) Stock code: 1943 (Incorporated in the Cayman Islands with limited liability) INTERIM REPORT 2025/26 中期報告 2025/26 King's Stone Holdings Group Limited 金石控股集團有限公司 King's Stone Holdings Group Limited Interim Report 2025/26 中期報 告 金石控股集團有限公司 目錄 | 公司資料 | 2 | | --- | --- | | 管理層討論及分析 | 3 | | 其他資料 | 10 | | 簡明綜合損益及其他全面收益表 | 19 | | 簡明綜合財務狀況表 | 20 | | 簡明綜合權益 ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HK$3,932,268, a decrease of 2.5% from HK$4,032,804 in the same period of 2024[9]. - Gross profit increased to HK$374,050, representing a 7.5% increase from HK$348,056 in the previous year[9]. - Operating profit surged to HK$408,591, compared to HK$122,827 in the prior year, marking a significant increase of 232.5%[9]. - Profit for the period reached HK$249,940, a substantial increase from HK$77,003, reflecting a growth of 224.5%[9]. - Earnings per share rose to HK$0.77, up from HK$0.27, indicating a growth of 185.2%[9]. - Total comprehensive income for the period was HK$365,367, compared to HK$190,726 in the previous year, an increase of 91.5%[12]. - The profit for the period ended September 30, 2025, is HK$230,652,000, compared to HK$80,318,000 for the same period last year, representing a significant increase[18]. - Total profit for the period reached HK$249,940,000, compared to HK$77,003,000 in 2024, marking a significant increase of 225%[47]. Assets and Liabilities - Non-current assets increased to HK$12,217,188,000 as of September 30, 2025, compared to HK$12,289,758,000 on March 31, 2025, reflecting a decrease of 0.59%[14]. - Current assets decreased to HK$7,446,219,000 from HK$7,733,328,000, representing a decline of 3.72%[15]. - Total equity rose to HK$9,981,869,000 as of September 30, 2025, up from HK$9,668,778,000, marking an increase of 3.23%[15]. - Current liabilities decreased to HK$5,305,571,000 from HK$5,565,617,000, a reduction of 4.67%[15]. - Non-current liabilities decreased to HK$4,375,967,000 from HK$4,915,130,000, indicating a decline of 11.00%[15]. - Total liabilities as of September 30, 2025, were HK$9,681,538,000, down from HK$10,480,747,000, indicating a reduction of about 7.6%[55]. Cash Flow - For the six months ended September 30, 2025, cash generated from operating activities was HK$637,545,000, compared to a cash used in operating activities of HK$259,722,000 in the same period of 2024[20]. - Net cash from investing activities for the same period was HK$428,922,000, a significant increase from a net cash used of HK$123,350,000 in the prior year[21]. - The company reported a net cash used in financing activities of HK$673,821,000, contrasting with a net cash from financing activities of HK$123,657,000 in the prior year[21]. - The total cash generated from operations was HK$483,080,000, a recovery from a cash used of HK$432,781,000 in the same period last year[20]. Segment Performance - Total revenue for the six months ended September 30, 2025, was HK$4,816,073,000, a decrease from HK$5,055,038,000 in the same period of 2024[57]. - Revenue from contracts with customers recognized at a point in time amounted to HK$916,001,000, while revenue recognized over time was HK$2,620,817,000[38]. - Segment profit before finance costs was HK$449,207,000, with the highest contribution from the construction and engineering segment at HK$94,039,000[40]. - The Property Investment segment recorded a 14% revenue increase from HK$97 million to HK$111 million, with segment profit before net finance costs growing by 35% from HK$63 million to HK$85 million[153]. - The Healthcare Investment segment's revenue increased by 1% year-on-year, from HK$494 million to HK$497 million, with segment results improving from a loss of HK$43 million to a profit of HK$59 million[171]. Investments and Financing - The company reported a finance cost of HK$80,493,000, reduced from HK$104,593,000 in the previous year, showing a decrease of approximately 23%[47]. - The company recognized an impairment loss on goodwill of HK$1,469,000, reflecting adjustments in asset valuations[40]. - The Group's financial risk management policies have remained unchanged since the last financial year end date of March 31, 2025[121]. - The Group's total debt as of September 30, 2025, was HK$3,963 million, with HK$458 million attributable to the senior housing business, which is non-recourse to the Company[197]. Market and Operational Insights - The Group plans to enhance productivity, sustainability, and innovation in its construction and engineering businesses, focusing on faster delivery and cost efficiency through technologies like Full MiC and BIM[190]. - The Group aims to support government housing initiatives by leveraging its expertise in prefabrication and project management to drive sustainable growth[190]. - The Group is committed to operational efficiency and cash flow discipline while investing selectively in core businesses to drive future growth[191]. - The Group anticipates that lower interest rates will gradually support investment and consumer confidence, despite ongoing uncertainties in the global economic environment[189].

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 220,693,000, a decrease of 8.5% compared to HKD 240,825,000 in the same period of 2024[5] - Gross profit for the same period was HKD 3,300,000, down from HKD 3,523,000, reflecting a decline of 6.3%[5] - The company reported a net loss of HKD 1,414,175,000 for the period, significantly higher than the loss of HKD 91,461,000 in 2024, marking an increase of 1,447.5%[5] - Basic and diluted loss per share for the period was HKD 0.38, compared to HKD 0.65 in the previous year, representing a decrease of 41.5%[5] - The total comprehensive loss for the period was HKD 1,384,087,000, reflecting a significant decline from the previous comprehensive income of HKD 120,905,000[9] - The company reported a net loss of HKD 1,411,420,000, compared to a net profit of HKD 93,873,000 in the previous period[9] - The loss before tax for the six months was approximately HKD 1,413,970,000, an increase of about HKD 1,321,710,000 compared to HKD 92,260,000 in the previous year[148] Financing and Liabilities - Financing costs surged to HKD 97,892,000, compared to HKD 4,990,000 in the previous year, indicating a substantial increase of 1,961.5%[5] - Current liabilities totaled HKD 24,013,000, down from HKD 98,589,000, showing a reduction of 75.7%[8] - Non-current liabilities reached HKD 287,040,000, a decrease from HKD 3,356,084,000, indicating a reduction of 91.5%[8] - The company has issued convertible bonds totaling HKD 3,123,042,000, which are expected to be fully converted[14] - The company plans to issue up to 1,368,000,000 new shares at a placement price of HKD 0.34 per share, potentially raising approximately HKD 465,120,000 to improve its financial position[16] - The company has a total of HKD 75,310,000 in interest-bearing loans as of September 30, 2025, with no current liabilities due within one year[59] - The total liabilities as of September 30, 2025, were HKD 311,053,000, down from HKD 3,454,673,000 as of March 31, 2025[29] Assets and Cash Flow - Total assets as of September 30, 2025, amounted to HKD 54,676,000, a significant decrease from HKD 1,465,045,000 as of March 31, 2025[7] - The company’s cash and cash equivalents increased to HKD 3,040,000 from HKD 2,443,000, reflecting a growth of 24.4%[7] - Cash used in operating activities amounted to HKD 7,189,000, a decrease from the cash generated of HKD 4,044,000 in the same period last year[11] - The net cash generated from financing activities was HKD 9,630,000, an increase from HKD 1,736,000 in the previous period[11] Operational Highlights - The mining segment reported a loss of HKD 1,452,206,000 for the six months ended September 30, 2025, compared to a loss of HKD 132,168,000 for the same period in 2024[24] - The company incurred capital expenditures of HKD 2,080,000 for property, plant, and equipment, up from HKD 405,000 in the prior year[11] - The company’s employee benefit expenses for the six months ended September 30, 2025, amounted to HKD 1,217,000, down from HKD 1,465,000 in 2024, reflecting a reduction in personnel costs[41] - The company’s depreciation expense for property, plant, and equipment increased to HKD 439,000 for the six months ended September 30, 2025, compared to HKD 120,000 in 2024, indicating higher asset utilization[41] Legal and Compliance Issues - The company is actively seeking legal advice and measures to protect its rights regarding the revoked mining license[54] - The company has received multiple summonses related to its financial statements and securities transactions, but it is not a defendant in these cases[99][101] - The company has faced various legal challenges but has managed to suspend or terminate most of them effectively[92][100] - The company is involved in multiple legal proceedings, including cases HCA 584 and HCA 1195, related to significant acquisitions and technical reports concerning Russian coal mines[90][93] Strategic Plans and Future Outlook - The company plans to implement cost control measures to improve operational and financial conditions[14] - The group aims to explore opportunities in sustainable industries such as solar and wind energy to adapt to evolving energy trends[157] - The group plans to enhance its energy commodity trading business in South Korea by strengthening procurement channels and partnerships[157] - The company has achieved all conditions for the capital restructuring, which became effective on March 17, 2025[81]

2025 26 205/6 財務報表 中期業績 電訊首科控股有限公司（「本公司」）董事會（「董事會」）宣佈，本公司及其附屬公司（統 稱「本集團」）截至2025年9月30日止六個月（「期內」）之簡明綜合財務業績，連同相應 比較數字如下： 簡明綜合損益及其他全面收益表 截至2025年9月30日止六個月 | | | 截至9月30日止六個月 | | | --- | --- | --- | --- | | | | 2025年 | 2024年 | | | | 千港元 | 千港元 | | | 附註 | （未經審核） | （未經審核） | | 收入 | 4 | 18,905 | 23,600 | | 銷售成本 | | (16,908) | (20,258) | | 毛利 | | 1,997 | 3,342 | | 其他收入及收益 | 6 | 2,786 | 3,725 | | 其他營運開支淨額 | 7 | (2,401) | (2,271) | | 行政開支 | | (6,129) | (6,451) | | 融資成本 | 8 | (21) | (120) | | 除稅前虧損 | | (3,768) | (1,775) | ...

Financial Performance - For the six months ended September 30, 2025, turnover reached HK$1,990.6 million, representing a year-on-year increase of 6.6% from HK$1,866.9 million[8]. - Gross profit for the same period was HK$755.0 million, up from HK$724.8 million, indicating a growth of 4.0%[8]. - Profit for the period was HK$50.2 million, a significant increase of 55.0% compared to HK$32.4 million in the previous year[8]. - Basic earnings per share rose to 1.6 HK cents, compared to 1.0 HK cents in the prior year, reflecting a 60.0% increase[8]. - The company declared an interim dividend of 1.15 HK cents per share, with a payout ratio of approximately 71%[8]. - Operating profit for continuing operations was HK$69,523, compared to HK$65,357 in the previous year, indicating a growth of 3.2%[9]. - Profit for the period from continuing operations was HK$52,891, up from HK$47,498, reflecting an increase of 5.0%[9]. - Total comprehensive income for the period attributable to owners of the Company was HK$58,354, an increase of 19.4% from HK$48,876 in 2024[150]. Financial Position - As of September 30, 2025, total equity stood at HK$1,163.0 million, with cash and bank balances of HK$251.1 million[8]. - The current ratio was reported at 1.6 times, indicating a solid financial position[8]. - Total assets decreased to HK$2,323,124 from HK$2,343,253, a decline of 0.9%[9]. - Total liabilities decreased to HK$1,160,142 from HK$1,197,336, a reduction of 3.1%[9]. - Net assets increased to HK$1,162,982, up from HK$1,145,917, showing a growth of 1.5%[9]. - The Group's total equity as of September 30, 2025, was HK$1,162,982,000, an increase from HK$1,145,917,000 as of September 30, 2024[154]. Sales and Market Performance - The geographical sales mix showed that Hong Kong & Macau contributed 77.1% to total sales, while Chinese Mainland and Southeast Asia accounted for 11.4% and 11.3%, respectively[8]. - The number of points of sale increased to 157, with Hong Kong & Macau sales points growing by 8.9% and Southeast Asia by 3.7%[8]. - Offline sales in Hong Kong and Macau reached HK$1,424.9 million, an increase of 8.9% year-on-year, while Southeast Asia's offline sales were HK$168.5 million, up by 3.7%[49]. - Online sales in Hong Kong and Macau grew by 16.3% year-on-year to HK$110.3 million, while online sales in Southeast Asia surged by 43.6% to HK$55.5 million[50]. - Same-store sales in Hong Kong and Macau grew by 11.4% year-on-year, with offline sales performance increasing by 8.9%[76][80]. Operational Insights - The company is actively integrating its physical and online business presence to enhance the customer-centric omni-channel shopping experience[4]. - The Group plans to focus on market expansion and new product development in the upcoming quarters[9]. - The Group plans to strategically expand its store network in Hong Kong and Macau, contingent on reasonable rental costs[73][74]. - The Group's online sales network includes a diverse range of brands and products, enhancing customer engagement through social media platforms[87][88]. - The Group's Buy-Online-Pick-Up-In-Store (BOPIS) service remains popular, enhancing customer interaction and sales[96][100]. Challenges and Market Trends - The ongoing geopolitical conflicts and trade protectionism have led to economic slowdowns, affecting international trade liquidity and increasing volatility in import and export activities[22]. - The shift in travel habits of Chinese Mainland tourists towards experiential travel has created opportunities for the Group to promote exclusive brands, enhancing customer loyalty and profit margins[29]. - The competitive landscape in the beauty retail sector is prompting companies to optimize their operating models between online and offline channels to enhance efficiency[38][42]. - The Group remains cautiously optimistic about the Hong Kong and Macau markets, despite challenges such as labor shortages and high operating costs[35][39]. Visitor Statistics - In the first half of 2025, Hong Kong welcomed 24.2 million visitors, with 18.7 million from the Chinese Mainland, representing a 13.3% increase compared to the previous year[23]. - Macau received 19.8 million visitors, with 14.3 million from the Chinese Mainland, marking a 20.2% increase year-on-year[23]. Inventory and Cash Flow - Group inventories increased to HK$833.5 million, with stock turnover days rising by 21 days to 124 days[138]. - Cash flow from operating activities was negative at HK$42,647, compared to a positive cash flow of HK$54,911 in the previous year[9]. - The Group's total cash balance decreased to HK$251.1 million from HK$371.1 million as of March 31, 2025[65]. Future Outlook - The Group anticipates that further increases in the number of Individual Visit Scheme cities could yield additional positive effects for the tourism and retail sectors in Hong Kong and Macau[27]. - The e-commerce sector in Southeast Asia is projected to grow from USD184 billion in 2024 to USD410 billion by 2030, with a compound annual growth rate of 14%[44][47].

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 498,241, a decrease of 7.5% compared to HKD 538,745 for the same period in 2024[4] - The cost of goods sold was HKD 315,380, resulting in a gross profit of HKD 182,861, down from HKD 215,197 in 2024[4] - The net profit attributable to shareholders for the period was HKD 3,981, a significant decline of 82.5% from HKD 22,788 in the previous year[4] - The company reported a total comprehensive income of HKD 2,137, compared to HKD 22,059 in the same period last year, reflecting a decrease of 90.3%[5] - The performance of the product business segment showed a significant increase in profit, reaching HKD 34,411,000 for the six months ending September 30, 2024, compared to HKD 7,066,000 in 2025, indicating a decline of approximately 79.5%[24][25] - The company reported a net profit before tax of HKD 6,715,000 for the six months ending September 30, 2025, down from HKD 28,415,000 in 2024, reflecting a decrease of about 76.4%[24][25] - The group's net profit attributable to owners for the period was approximately HKD 3.98 million, a decline of about 82.5% from HKD 22.79 million in 2024[84] Revenue Breakdown - Revenue from product sales in the product business was HKD 359,658,000, a decline of 5.7% from HKD 381,484,000 in the prior year[21] - Operating services revenue decreased to HKD 115,054,000 from HKD 136,235,000, reflecting a decline of about 15.6%[21] - Product business revenue contributed approximately HKD 362.03 million, accounting for 72.7% of total revenue, compared to HKD 382.67 million in 2024[73] - Revenue from operation services decreased by approximately 15.6% to about HKD 115.05 million, compared to HKD 136.24 million in 2024, impacted by intense competition in the telecommunications market[77] - Property investment revenue increased to approximately HKD 12.58 million, up about 15.8% from HKD 10.86 million in 2024, mainly due to rental income from a building acquired in May 2022[78] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 952,937, down from HKD 997,793 as of March 31, 2025[6] - Current liabilities decreased to HKD 676,319 from HKD 702,563, indicating improved management of short-term obligations[7] - The company’s equity attributable to shareholders was HKD 480,547, down from HKD 486,485 at the end of the previous fiscal year[8] - The group had a net current liability of approximately HKD 454.08 million as of September 30, 2025, compared to HKD 492.73 million as of March 31, 2025[89] Cash Flow and Financing - Net cash generated from operating activities for the six months ended September 30, 2025, was HKD 4,298,000, compared to a net cash used of HKD 20,361,000 in the same period of 2024[12] - Cash inflow from investment activities amounted to HKD 29,005,000, a significant improvement from a cash outflow of HKD 6,336,000 in the previous year[12] - The net cash used in financing activities was HKD 35,325,000, contrasting with a net cash inflow of HKD 28,412,000 in the previous year[14] - The company raised HKD 342,567,000 from bank and other borrowings, while repaying HKD 338,384,000 during the same period[14] - The group’s bank borrowings amounted to HKD 588,178,000 as of September 30, 2025, slightly up from HKD 583,746,000 as of March 31, 2025[50] Dividends and Shareholder Information - The company declared an interim dividend of HKD 0.02 per share for the 2024/25 fiscal year, totaling HKD 8,075,000, while no interim dividend was declared for the 2023/24 fiscal year[36] - The board declared no interim dividend for the period, compared to an interim dividend of HKD 0.03 per share in 2024[93] - As of September 30, 2025, the company had 403,753,000 shares issued, with significant holdings by the Cheung family, including 220,000,000 shares representing approximately 54.49% of the issued share capital[102] Operational Insights - The company plans to focus on expanding its market presence and enhancing product offerings in the upcoming quarters[4] - The company operates 69 retail stores in Hong Kong, offering a wide range of electronic products and consumer goods[73] - The short-term business environment is expected to remain challenging due to economic instability, with local retail facing structural challenges and consumer spending shifting away from local retailers[97] - The company aims to provide exceptional customer experience while strategically focusing on prudent cost management and operational optimization[97] Governance and Compliance - The audit committee, composed of independent non-executive directors, has reviewed and approved the unaudited condensed consolidated interim financial information for the six months ended September 30, 2025[115] - The company has complied with the Corporate Governance Code, except for the deviations mentioned[108] - The board of directors confirmed compliance with the securities trading code throughout the reporting period[105] Future Outlook - The company expects to generate sufficient operating cash flow to meet its financial obligations within the next twelve months[17] - The company has not engaged in any significant acquisitions or disposals of properties or subsidiaries during the reporting period[95] - There have been no significant events from September 30, 2025, to the report date[114]

中期報告 INTERIM REPORT 2025/26 香港太古城太古灣道12號 3樓301-3室 Suites 301-3, 3rd Floor 12 Taikoo Wan Road Taikoo Shing, Hong Kong 目 錄 | 2 | 公司資料 | | --- | --- | | 4 | 簡明綜合損益及其他全面收益表 | | 5 | 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 | | 9 | 簡明綜合中期財務報表附註 | | 21 | 管理層討論及分析 | | 34 | 董事之證券權益 | | 35 | 主要股東 | | 36 | 企業管治 | | 37 | 關連人士交易 | | 39 | 購買、出售或贖回本公司之上市證券 | | 40 | 審核委員會之審閱工作 | 公司 資料 | 董事會 | 執行董事 | | --- | --- | | | 伍耀泉先生 | | | 盧梓峯先生 | | | 凌瑞娥女士 | | 審核委員會 | 盧梓峯先生（主席） | | | 李漢成先生 | | | 凌瑞娥女士 | | 薪酬委員會 | 凌瑞娥女士（主席） | | ...

篤志力行 願景引航 股份代號 : 2633 二零二五/二零二六年中期報告 目錄 2 公司資料 3 財務摘要 4 企業願景及使命 5 公司簡介 6 管理層討論及分析 17 其他資料 22 致董事會的審閱報告 23 未經審核綜合損益及其他全面收益表 24 未經審核綜合財務狀況表 25 未經審核綜合權益變動表 26 未經審核簡明綜合現金流量表 27 未經審核中期財務報告附註 39 詞彙 公司資料 董事會 執行董事 岑廣業先生 （主席兼行政總裁） 嚴振亮先生 潘裕慧女士 非執行董事 黃志基教授 獨立非執行董事 林烱堂醫生 楊俊文先生 林誠光教授 （自二零二五年七月二十八日起退任） 陸庭龍先生 （自二零二五年七月二十八日起獲委任） 審核委員會 楊俊文先生（主席） 林烱堂醫生 林誠光教授 （自二零二五年七月二十八日起不再擔任） 陸庭龍先生 （自二零二五年七月二十八日起獲委任） 薪酬委員會 林烱堂醫生（主席） 楊俊文先生 潘裕慧女士 提名委員會 楊俊文先生（主席） 林烱堂醫生 嚴振亮先生 （自二零二五年七月二十八日起辭任） 潘裕慧女士 （自二零二五年七月二十八日起獲委任） 執行委員會 岑廣業先生（主席） 嚴振亮先生 潘裕慧 ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HK$4,111,772,000, an increase of 4.2% from HK$3,946,807,000 in the same period last year[12]. - Gross profit for the period was HK$162,180,000, up from HK$143,263,000, reflecting a gross margin improvement[12]. - Profit before tax increased to HK$134,287,000, compared to HK$117,874,000, representing a growth of 13.9%[12]. - Profit for the period was HK$108,236,000, a rise of 8.5% from HK$99,893,000 in the previous year[12]. - Basic and diluted earnings per share increased to 5.41 HK cents, up from 4.99 HK cents, indicating improved profitability[12]. - Total comprehensive income attributable to owners of the parent was HK$114,212,000, compared to HK$100,872,000, reflecting overall growth[12]. - Other income and gains decreased to HK$8,196,000 from HK$27,412,000, highlighting a decline in non-operating income[12]. - Total revenue for the six months ended September 30, 2025, was HK$4,111,772,000, representing an increase of 4.2% from HK$3,946,807,000 in the same period of 2024[47]. - Revenue from building construction contracts was HK$3,994,115,000, up 4.9% from HK$3,805,993,000 in 2024[49]. - Profit before tax for the six months ended September 30, 2025, was impacted by contract costs of HK$3,949,592,000, compared to HK$3,803,544,000 in 2024[53]. - The total tax charge for the period was HK$26,051,000, compared to HK$17,981,000 in the same period of 2024, reflecting a 45.1% increase[55]. Expenses and Costs - Administrative expenses were reduced to HK$35,468,000 from HK$36,808,000, showing cost management efforts[12]. - Finance costs significantly decreased to HK$3,957,000 from HK$19,263,000, indicating improved financial efficiency[12]. - Employee benefit expenses (excluding directors' remuneration) increased to HK$187,687,000 from HK$155,359,000, marking a rise of 20.8%[53]. - Interest income decreased to HK$7,896,000 from HK$25,663,000 in the previous year, reflecting a decline of 69.1%[51]. - Other income and gains decreased from HK$27,412,000 for the same period last year to HK$8,196,000 for the Period, primarily due to a decrease in interest income from fixed time deposits[121]. - Finance costs significantly decreased by 79% from HK$19,263,000 for the same period last year to HK$3,957,000 for the Period[123]. Assets and Liabilities - Total non-current assets increased to HK$1,943,334,000 as of September 30, 2025, up from HK$1,896,724,000 as of March 31, 2025, representing a growth of 2.5%[14]. - Current assets decreased slightly to HK$3,363,714,000 from HK$3,381,869,000, a decline of 0.5%[14]. - Net current liabilities increased to HK$159,120,000 from HK$143,163,000, indicating a rise of 11.1%[14]. - Total non-current liabilities rose to HK$54,937,000 from HK$18,496,000, an increase of 196.5%[15]. - Total equity as of September 30, 2025, was HK$1,729,277,000, a slight decrease from HK$1,735,065,000 as of March 31, 2025[15]. - Cash and cash equivalents at the end of the period were HK$1,643,858,000, down from HK$2,408,896,000, marking a decrease of 31.7%[19]. - The Group's property, plant, and equipment increased to HK$1,851,881,000 as of September 30, 2025, from HK$1,788,769,000 as of March 31, 2025[61]. - Accounts receivable as of September 30, 2025, were fully settled, maintaining a 100% settlement rate, consistent with March 31, 2025[153]. - Contract assets included retention receivables of HK$614,225,000 and unbilled revenue of HK$513,710,000 as of September 30, 2025, compared to HK$586,886,000 and HK$661,135,000 respectively as of March 31, 2025[154]. - Other payables, accruals, and contract liabilities totaled HK$1,465,664,000 as of September 30, 2025, slightly up from HK$1,462,571,000 as of March 31, 2025, mainly due to increased lease liabilities[161]. Dividends and Shareholder Information - The company declared a final dividend of HK$120,000,000 for the period, compared to HK$100,000,000 in the previous year, an increase of 20%[19]. - The final dividend for the year 2024/25 was HK$0.06 per share totaling HK$120,000,000, compared to HK$0.05 per share totaling HK$100,000,000 for the year 2023/24[112]. - The maximum number of shares issuable under the share option scheme is limited to 10% of the shares of the Company in issue at the adoption date[77]. - No share options were granted from the date of adoption of the share option scheme up to the date of the financial information approval[84]. - The Group has not granted any share options under the adopted share option scheme since its inception up to September 30, 2025[186]. - As of September 30, 2025, Mr. Lau Chi Fai Daniel held 300,000 shares, representing 0.015% of the issued shares of the Company[190]. - Prof. Ko Jan Ming held 28,000 shares, representing 0.001% of the issued shares of the Company[190]. - No outstanding share options were granted to the Directors and chief executive of the Company as of September 30, 2025[191]. - There were no interests or short positions in the shares or debentures of the Company by Directors or the chief executive as of September 30, 2025[192]. - The Company did not grant any share options under the Share Option Scheme since its adoption on August 31, 2018[194]. - As of September 30, 2025, there were no arrangements enabling Directors or their families to acquire benefits through shares or debentures of the Company[196]. - The Company had no substantial shareholders' interests in securities that required disclosure under the SFO as of September 30, 2025[200]. Market and Strategic Outlook - The decline in Hong Kong's property market has resulted in a decrease in construction volume, particularly in the private sector[113]. - The HKSAR Government is expected to promote infrastructure and land development to stabilize the economy and increase employment opportunities[113]. - Tendering opportunities for construction contracts from the public sector are expected to be sustainable and stable due to government initiatives[114]. - The Group's strategic focus on public construction aligns with the government's commitment to addressing housing demands, creating a positive long-term outlook for the construction industry[181]. - The Group's collaboration with WHSE is expected to expand the customer base and enhance cross-referral opportunities without significant resource diversion[178]. - The Group's focus on the public sector positions it favorably amid the government's proactive housing initiatives, leading to a stable business outlook[181]. - The HKSAR Government aims to supply a total of 189,000 public housing units, including Light Public Housing, over the next five years starting from 2026-27[179]. - The long-term housing strategy targets a total housing supply of 420,000 units over ten years, maintaining a 70:30 public/private split[180].