Financial Performance - Revenue for the six months ended March 31, 2025, was HKD 81,947,000, representing an increase of 2.6% compared to HKD 79,888,000 for the same period in 2024[4] - Gross profit for the period was HKD 62,514,000, up from HKD 61,664,000, indicating a slight growth in profitability[4] - The company reported a loss before tax of HKD 132,776,000, compared to a profit of HKD 27,787,000 in the previous year, reflecting a significant decline in performance[4] - Total comprehensive loss attributable to shareholders was HKD 133,629,000, compared to a profit of HKD 20,128,000 in the prior period[4] - The group's pre-tax loss for the six months ended March 31, 2025, was HKD 132,776,000, compared to a pre-tax profit of HKD 27,787,000 for the same period in 2024, indicating a significant decline[10] - The group reported a net loss of HKD 14.15 million for the six months ended March 31, 2025, compared to a net profit of HKD 18.96 million in the same period of 2024[24] Investment Properties - The fair value loss on investment properties was HKD 192,319,000, a substantial increase from HKD 29,895,000 in the previous year, indicating market challenges[4] - The fair value of investment properties decreased by HKD 192,319,000 during the period, impacting the overall financial performance[10][16] - As of March 31, 2025, the net book value of investment properties was HKD 6,614,050,000, down from HKD 6,805,150,000 as of October 1, 2024[16] - The fair value loss on investment properties for the period was HKD 192.32 million, significantly higher than the HKD 29.90 million loss in 2024[24] Cash and Liquidity - Cash and bank deposits increased to HKD 287,320,000 from HKD 265,149,000, showing improved liquidity[5] - As of March 31, 2025, the group had cash and bank deposits totaling HKD 287.30 million, up from HKD 265.10 million on September 30, 2024[26] Shareholder Value - The company's equity decreased to HKD 6,920,468,000 from HKD 7,099,097,000, reflecting a decline in shareholder value[5] - The group declared an interim dividend of HKD 1.7 per share for 2025, down from HKD 1.8 per share in 2024, totaling HKD 42,500,000 compared to HKD 45,000,000 in the previous year[13][22] Operational Efficiency - Administrative expenses decreased to HKD 6,995,000 from HKD 7,664,000, suggesting cost control measures were implemented[4] - Core operating profit from leasing business increased by 3% to HKD 59.54 million, with revenue also rising by 3% to HKD 81.95 million[24] Trade Receivables and Payables - Trade receivables as of March 31, 2025, amounted to HKD 3,972,000, a decrease from HKD 4,304,000 as of September 30, 2024[19] - The group had no provisions for losses on trade receivables as of March 31, 2025, consistent with the previous year[20] - Trade payables as of March 31, 2025, totaled HKD 1,018,000, down from HKD 1,596,000 as of September 30, 2024[21] Workforce and Governance - The group maintained a workforce of 14 employees, with compensation levels kept at reasonable market rates[27] - The audit committee reviewed the unaudited interim financial information on May 26, 2025, with no significant issues raised[30] - The company has complied with the corporate governance code throughout the financial period[31] Property Rental Income - For the six months ended March 31, 2025, rental income from property investment was HKD 71,239,000, an increase of 2.4% compared to HKD 69,578,000 for the same period in 2024[10] Other Activities - The group did not engage in any acquisitions or disposals of subsidiaries during the period[28] - There were no share buybacks or sales by the company or its subsidiaries during the six months ended March 31, 2025[29] Occupancy Rates - The occupancy rates for the group's investment properties were approximately 92.0% and 86.0% for the Central Wan Bang Building and the Jin Li Commercial Building, respectively, compared to 91.6% and 85.0% in 2024[25]

Stock Options - The total number of stock options available under the 2014 stock option plan was 345,602,006 shares as of January 1, 2024, representing 7.71% of the total issued shares at that time[6]. - By December 31, 2024, the total number of stock options available under the same plan decreased to 0 shares, indicating the plan's expiration[6]. - A total of 141,883,334 stock options were granted across all categories, with 139,800,000 remaining after accounting for cancellations[5]. - The exercise price for options granted to directors was HKD 0.465, while the share price at the time of grant was HKD 0.168[3]. - The company reported a cancellation of 2,083,334 stock options during the year, reflecting adjustments in the stock option plan[5]. - The stock options granted to employees (excluding directors) totaled 107,075,000, with 105,800,000 remaining after cancellations[5]. - The 2014 stock option plan expired on January 28, 2024, with no further options available thereafter[6]. Governance - The board of directors consists of four executive directors and three independent non-executive directors, ensuring a diverse governance structure[7]. Future Outlook - The company has not disclosed any new product developments or market expansion strategies in the current report[6]. - The company has not provided specific future performance guidance or outlook in the current announcement[6].

Financial Performance - The net loss attributable to the company for the six months ended March 31, 2025, was approximately HKD 131 million, compared to a net loss of HKD 218 million for the same period in 2024[7]. - The operating profit for the period, excluding non-operating items, was approximately HKD 28 million, an increase from HKD 26.1 million in 2024[8]. - Revenue for the six months ended March 31, 2025, was HKD 85,927,000, an increase of 3.1% compared to HKD 83,355,000 for the same period in 2024[45]. - The company reported a loss before tax of HKD 127,009,000, improving from a loss of HKD 214,127,000 in the prior year, indicating a reduction of 40.7%[45]. - The total comprehensive loss for the period was HKD 137,316,000, compared to HKD 217,444,000 in the previous year, reflecting a decrease of 36.9%[46]. - The group incurred a pre-tax loss of HKD 127,009,000 for the reporting period[59]. - The company reported a significant increase in new bank borrowings, totaling HKD 115,000,000 for the six months ended March 31, 2025, compared to HKD 15,000,000 in the previous period[51]. Rental Income and Property Performance - Rental income from residential properties increased by 3.2%, while rental income from commercial and industrial properties decreased by 10.5%[11]. - Rental income from the residential units in Beijing's Chaoyang District decreased by 3.1% compared to the previous year[18]. - The rental performance in the first half of fiscal year 2025 reflects positive trends, with stable occupancy rates and rental income for office and residential properties[21]. - Rental income decreased to HKD 51,766,000 from HKD 53,698,000, a decline of 3.6% compared to the previous year[64]. Investment Activities - The company invested HKD 34.9 million in the TKO Fund, with an investment valuation of HKD 39.3 million as of March 31, 2025[14]. - The property investment and management segment reported a loss of HKD 133,518,000, primarily due to a fair value decrease of investment properties amounting to approximately HKD 167,948,000[59]. - The securities investment segment recorded a profit of HKD 23,868,000, including a fair value increase of financial assets of approximately HKD 20,090,000[60]. Financial Position - As of March 31, 2025, the total bank borrowings amounted to HKD 415.8 million, an increase from HKD 374.0 million as of September 30, 2024[24]. - The group's cash and bank balances totaled HKD 72.5 million, down from HKD 83.2 million as of September 30, 2024[24]. - The debt-to-equity ratio increased to 9.3% from 8.1% as of September 30, 2024[24]. - The company’s total liabilities included bank borrowings of approximately HKD 3,729,000,000 as of March 31, 2025, down from HKD 3,873,500,000 as of September 30, 2024[75]. Dividends and Shareholder Information - The company declared an interim dividend of HKD 0.04 per share for the first six months of the fiscal year 2025, consistent with the previous year[9]. - The company declared a final dividend of HKD 0.32 per share for the fiscal year 2024, totaling HKD 35,257,000, down from HKD 37,461,000 in 2023[69]. - As of March 31, 2025, the total shareholding of the CEO and directors in the company is approximately 73.6% for the CEO and 73.2% for another director, indicating significant insider ownership[36]. Corporate Governance - The company has complied with all corporate governance codes as per the listing rules, except for the separation of the roles of Chairman and CEO, which are held by the same individual[32]. - The company has maintained compliance with the relevant provisions of the listing rules regarding connected transactions[31]. - The independent non-executive directors do not have a specific term of appointment but are subject to re-election at the annual general meeting[33]. Employee Information - The group reported a total of 118 employees as of March 31, 2025, compared to 115 employees as of September 30, 2024[29]. - The total remuneration for key management personnel for the six months ended March 31, 2025, amounted to HKD 4,350,000, an increase from HKD 4,051,000 for the same period in 2024, representing a growth of approximately 7.4%[89]. Other Financial Metrics - The company incurred a loss of HKD 130,974,000 during the six months ended March 31, 2024, which contributed to a total comprehensive loss of HKD 137,316,000 for that period[50]. - The company’s retained earnings as of March 31, 2025, were HKD 4,846,221,000, down from HKD 5,102,126,000 as of October 1, 2023[49]. - The company’s total tax expense for the six months ended March 31, 2025, was HKD 3,964,000, a decrease of 8.3% from HKD 4,323,000 in the same period of 2024[68].

Financial Performance - The company reported a revenue of RMB 500 million for the last quarter, representing a 20% increase year-over-year[2]. - The company expects a revenue growth of 25% for the next fiscal year, projecting revenues to reach RMB 625 million[2]. - Revenue for the six months ended February 28, 2025, was RMB 336,720,000, an increase of RMB 4,660,000 compared to RMB 332,060,000 for the same period in 2024, representing a growth of approximately 1.4%[12]. - For the six months ended February 28, 2025, the company reported total revenue of RMB 336.72 million, a slight increase from RMB 332.06 million for the same period in 2024, representing a growth of approximately 1.99%[33]. - Revenue from tuition and accommodation fees amounted to RMB 297.55 million and RMB 33.65 million respectively, with tuition revenue increasing by approximately 1.53% year-over-year[22]. - The company reported a profit of RMB 4,569,000 for the period, a significant turnaround from a loss of RMB 14,211,000 in the previous year, marking an improvement of RMB 18,780,000[12]. - The company aims to achieve a net profit margin of 10% by the end of the next fiscal year, up from 8%[2]. - The company reported a net profit for the period was RMB 4.57 million, a recovery from a loss of RMB 14.21 million in the same period last year, marking a turnaround in profitability[34]. - The company’s profit attributable to shareholders for the six months ended February 28, 2025, was RMB 4,569,000, compared to a loss of RMB 14,211,000 for the same period in 2024, indicating a significant recovery[150]. Operational Highlights - User enrollment increased by 15% to 30,000 students, driven by new marketing strategies and partnerships[2]. - The company operates five schools with a total enrollment of over 30,000 students as of February 28, 2025[13]. - The company is expanding its market presence in southern China, targeting an additional 10,000 students by the end of 2024[2]. - A strategic acquisition of a local education provider is anticipated to enhance the company's service offerings and increase market penetration[2]. - The company is actively designing and adjusting its programs to meet the demands of the AI era and market needs, ensuring students acquire competitive skills[15]. - The company has established partnerships with several large enterprises to enhance internship and employment opportunities for students[15]. - The company aims to cultivate high-level, skilled, innovative, and application-oriented talents to support China's new urbanization construction and management[14]. Product Development and Innovation - New product offerings in vocational training are set to launch in Q3 2024, aiming to capture a larger market share[2]. - Research and development investments increased by 30% to RMB 50 million, focusing on digital learning technologies[2]. - The company plans to implement a new online learning platform by Q1 2025, expected to improve user engagement and retention[2]. - The company plans to enhance its undergraduate course offerings to meet market demand and improve profitability, aiming to increase the proportion of undergraduate services[30]. - The company is focusing on optimizing its professional and course offerings, including the introduction of new programs in AI and integrated circuit design, to enhance student competitiveness[29]. Financial Position and Equity - As of February 28, 2025, total equity was approximately RMB 856.08 million, a decrease from RMB 860.73 million on August 31, 2024, primarily due to the recognition of treasury shares[50]. - Cash and cash equivalents as of February 28, 2025, were approximately RMB 44.32 million, down from RMB 287.98 million on August 31, 2024, reflecting seasonal fluctuations in cash reserves[51]. - Total borrowings decreased from approximately RMB 2,418.09 million on August 31, 2024, to approximately RMB 2,350.25 million on February 28, 2025, with RMB 1,066.55 million due within one year[52]. - The debt-to-equity ratio increased to approximately 287.36% as of February 28, 2025, from 261.24% on August 31, 2024, due to an increase in net debt[54]. - The company reported a total of RMB 276,958,000 in accrued expenses and other payables as of February 28, 2025, compared to RMB 305,113,000 as of August 31, 2024, reflecting a decrease of approximately 9.3%[16]. Shareholder Information - As of February 28, 2025, Mr. Huang Yulin holds 561,338,000 shares, representing approximately 56.13% of the issued share capital[69]. - Mr. Wang Li has a beneficial ownership of 2,391,000 shares and spouse's interest of 21,871,000 shares, totaling 24,262,000 shares, which is approximately 2.43% of the issued share capital[69]. - The total issued share capital as of February 28, 2025, is 1,000,000,000 shares, including 7,220,000 treasury shares[71]. - The company repurchased 7,220,000 shares at a total cost of HKD 9,998,500, reflecting confidence in the business and operations[91]. - No interim dividend has been proposed for the six months ended February 28, 2025, consistent with the previous period[96]. Governance and Compliance - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by the same individual[98]. - The audit committee reviewed the interim results and confirmed no disagreements with management[108]. - The company has not engaged in any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period[62]. - There are no significant contingent liabilities or guarantees as of February 28, 2025, apart from those disclosed in the interim report[60].

香港聯合交易所有限公司GEM （分別為「聯交所」及「GEM」）的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公司 帶有較高投資風險。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。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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報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。 本報告的資料乃遵照GEM證券上市規則而刊載，旨在提供有關鉅京控股有限公司（「本公司」） 的資料；本公司的董事（「董事」）願就本報告的資料共同及個別地承擔全部責任。各董事在作出 一切合理查詢後，確認就其所知及所信，本報告所載資料在各重要方面均屬準確完備，沒有誤 導或欺詐成分，且並無遺漏任何其他事項，足以令致本報告或其所載任何陳述產生誤導。 目 錄 企業管治及其他資料 20 目 錄 財務摘要 中期業績 簡明 ...

Financial Performance - For the three months ended March 31, 2025, the revenue was RMB 2,337,995 thousand, representing a 9% increase year-over-year but a 16% decrease quarter-over-quarter[3]. - Operating profit for the same period was RMB 601,453 thousand, showing no change year-over-year and a 46% decrease quarter-over-quarter[3]. - Profit attributable to equity holders of the parent was RMB 283,874 thousand, remaining stable year-over-year but down 38% from the previous quarter[3]. - The basic earnings per share for the period was RMB 0.21, unchanged year-over-year and down 40% quarter-over-quarter[3]. - The total comprehensive income for the period was RMB 500,251 thousand, down from RMB 547,590 thousand year-over-year[7]. - The gross profit for Q1 2025 was RMB 1,918.6 million, with a gross margin of 82%, a year-on-year increase of 1 percentage point[21]. - Operating profit before share-based compensation was RMB 655.1 million, down 3% year-on-year and 44% quarter-on-quarter[26]. Revenue Breakdown - Revenue from office software and services was RMB 1,301,469 thousand, up from RMB 1,225,349 thousand year-over-year[5]. - Revenue from online games and others was RMB 1,036,526 thousand, an increase from RMB 911,526 thousand year-over-year[5]. - Revenue from office software and services was RMB 1,301.5 million, a year-on-year increase of 6% and a quarter-on-quarter decrease of 13%[19]. - The gaming and other business revenue reached RMB 1,036.5 million, showing a year-on-year growth of 14% but a quarter-on-quarter decline of 20%[20]. User Metrics - The number of global WPS Office monthly active devices reached 647 million, an 8% increase year-over-year and a 2% increase quarter-over-quarter[4]. - Cumulative paying users reached 41.70 million, reflecting a 17% increase year-over-year[4]. Research and Development - The group incurred research and development costs of RMB 827,853 thousand, compared to RMB 712,788 thousand in the same period last year[5]. - R&D costs increased to RMB 827.9 million in Q1 2025, up 16% year-on-year and 13% quarter-on-quarter, driven by increased personnel and AI-related expenses[22]. - The company will continue to focus on AI, collaboration, and internationalization, maintaining R&D investments to deliver practical office products to users[38]. Cash Flow and Assets - The net cash flow from operating activities for Q1 2025 was a negative RMB 102,150 thousand, compared to a positive RMB 329,037 thousand in Q1 2024[10]. - The company reported a net cash outflow from operating activities of RMB 102.2 million for the three months ended March 31, 2025[35]. - Current assets totaled RMB 29,839,571 thousand as of March 31, 2025, down from RMB 30,240,397 thousand as of December 31, 2024[8]. - Total non-current assets amounted to RMB 7,988,975 thousand as of March 31, 2025, compared to RMB 8,044,078 thousand as of December 31, 2024[8]. - The company's total equity increased to RMB 28,902,154 thousand as of March 31, 2025, from RMB 28,412,402 thousand as of December 31, 2024[9]. - The total liabilities decreased from RMB 8,716,614 thousand as of December 31, 2024, to RMB 7,802,618 thousand as of March 31, 2025[9]. - The company maintained a strong cash position with cash and bank deposits totaling RMB 22,819.0 million, representing 60% of total assets[32]. Gaming Business - The decline in gaming revenue quarter-on-quarter was attributed to fewer commercial content updates for "Jian Wang 3" in Q1 2025[20]. - The game "Sword of the Net 3" continues to strengthen its user base through content updates and gameplay innovations[38]. - The game "Dust White Zone" maintains user engagement and reputation with differentiated content positioning and long-term operational strategies[38]. - The sci-fi mech game "Limitless Mech" is set to launch in summer 2023, having reached the fifth position on Steam's global wishlist during testing[38]. - The classic sequel "Sword of the Knight: Zero" is planned for release in Q2 2023, inheriting the essence of the IP[38]. - The gaming business will deepen flagship IP ecosystem operations, focusing on new tracks such as anime and sci-fi, enhancing content innovation capabilities[38]. Strategic Focus - The CEO highlighted the growth in WPS personal business and the strategic focus on increasing AI active user numbers to drive user base and paid user growth[37]. - The growth in office software revenue was driven by an increase in user base and paid users, supported by an operational strategy focused on enhancing AI active users[19]. - Sales and distribution expenses rose to RMB 340.5 million, a 30% year-on-year increase, primarily due to higher promotional and advertising investments[23]. - Capital expenditures for Q1 2025 amounted to RMB 121.2 million, compared to RMB 114.6 million in Q1 2024[36].

Enrollment Growth - The total number of enrolled students increased from 104,053 as of February 29, 2024, to 110,861 as of February 28, 2025, representing a growth of approximately 6.7%[4] - Total student enrollment increased from 104,053 in 2024 to 110,861 in 2025, representing a growth of 6.5%[34] - Shandong University of Technology's enrollment in undergraduate programs rose by 8.2% to 10,223 students in 2025[30] - Enrollment in the Applied Technology College of Shangqiu University increased by 2.3% to 15,532 students[30] - Enrollment in the Health College surged by 43.6% to 9,808 students in 2025[30] - The enrollment at Anyang University decreased by 8.6% to 26,406 students, with a significant drop in the transfer program by 35.8%[30] - The Anyang University Yuanyang Campus saw an increase of 21.4% in total enrollment, reaching 13,046 students[30] - Enrollment in the undergraduate programs at Jingzhou University increased by 3.9% to 7,706 students[32] - The total number of students in vocational education programs decreased by 20.9% at Shangqiu University[30] - The Applied Technology College of Shangqiu University experienced a 148.8% increase in enrollment for specialized programs[30] Financial Performance - Revenue rose from RMB 813.9 million for the six months ended February 29, 2024, to RMB 890.7 million for the reporting period, marking an increase of 9.4%[5] - Gross profit increased by 1.2%, from RMB 493.7 million to RMB 499.8 million during the same period[14] - Profit before tax grew by 6.4%, from RMB 388.1 million to RMB 413.0 million[14] - The adjusted net profit for the period was RMB 402.6 million, up 4.3% from RMB 386.0 million[14] - The overall gross profit margin decreased to 56.1% from 60.7% for the six months ended February 29, 2024[51] - The total revenue for the reporting period was RMB 890.7 million, representing a 9.4% increase from RMB 813.9 million for the six months ended February 29, 2024[44] - The adjusted net profit for the reporting period was RMB 402.6 million, an increase of RMB 16.5 million or 4.3% compared to RMB 386.0 million for the six months ended February 29, 2024[44][61] - Operating profit increased to RMB 449.14 million from RMB 435.41 million, reflecting a growth of 3.1% year-over-year[143] - Total comprehensive income for the period was RMB 406.56 million, up from RMB 384.27 million, indicating a year-over-year increase of 5.8%[143] - Basic earnings per share increased to RMB 0.34 from RMB 0.32, while diluted earnings per share rose to RMB 0.33 from RMB 0.31[143] Strategic Plans and Developments - The company plans to acquire more land and resources to further expand enrollment in response to market opportunities[4] - The company is actively working to convert Tianping College into an independent private university[18] - The company aims to complete the transition of Tianping College to an independent private university by September 2026[37] - The company plans to acquire more land use rights and build new educational and living facilities to increase total student enrollment capacity[43] - The company is executing a business plan aimed at expanding its overseas education operations, indicating a commitment to meet qualification requirements[122] - The company is in discussions with several reputable overseas education service providers to expand its school network[122] - The company is exploring international business collaborations, including contracts with foreign educational institutions and potential investments or acquisitions in overseas education businesses[125] - The company plans to deploy the DeepSeek R1 model to enhance AI education and integrate it into a collaborative AI education platform with Beijing Gravity Internet Technology Co., Ltd.[134] Shareholder Information - The company does not recommend the distribution of an interim dividend for the reporting period[14] - The board of directors does not recommend the distribution of an interim dividend for the six months ending February 29, 2024, while a final dividend of RMB 0.0924 per share has been approved, totaling approximately RMB 110,880,000[113] - The company has two existing share plans: the Pre-IPO Share Option Plan and the Share Award Plan, with no options or awards granted during the reporting period[91] - Under the Pre-IPO Share Option Plan, a total of 32,550,000 share options were granted to 20 participants on September 1, 2024, and February 28, 2025, representing approximately 2.71% of the total issued shares as of February 28, 2025[95] - The total number of shares that can be issued under the Share Award Plan is capped at 84,000,000 shares, which accounts for 7% of the company's issued share capital as of February 28, 2025[100] - As of February 28, 2025, the company has no outstanding options or awards under the Share Award Plan[100] - Mr. Hou holds a controlled interest in 900,000,000 shares, representing 75% of the company, and an additional 6,000,000 shares, representing 0.50%[101] - The Chairman, Mr. Hou, and Ms. Jiang each hold 8,000,000 shares, representing 0.67% of the company[101] - The company has not granted or agreed to grant any awards under the Share Award Plan during the reporting period[100] - The total number of unexercised options under the Pre-IPO Share Option Plan as of February 28, 2025, is 32,550,000 shares[95] - The company aims to attract and retain suitable talent through its share plans, enhancing overall value for shareholders[95] Compliance and Legal Matters - The company is monitoring future legal regulations regarding foreign investment and will seek guidance from legal advisors to ensure compliance[118] - The company is committed to ensuring compliance with the new Foreign Investment Law and its implementation regulations[118] - The company’s Chinese operations comply with foreign investment control requirements, with local citizens holding key positions in management[119] - The company has not disclosed any changes in the information of directors and senior management since the last annual report[114] - The group has not engaged in any major litigation or arbitration during the reporting period[86] - The company has no significant contingent liabilities as of February 28, 2025[70] Cash Flow and Assets - As of February 28, 2025, the company's cash and cash equivalents were RMB 790.9 million and RMB 435.3 million as of August 31, 2024, and February 28, 2025, respectively[62] - The company’s total equity as of February 28, 2025, was RMB 4,181,232 thousand, an increase from RMB 3,883,903 thousand as of August 31, 2024, showing a growth of approximately 7.7%[146] - The company incurred a net cash outflow from investing activities of RMB 513,671 thousand for the six months ended February 28, 2025, compared to RMB 615,278 thousand for the same period in 2024, indicating an improvement of about 15.5%[151] - The company’s cash flow from financing activities resulted in a net outflow of RMB 722,519 thousand for the six months ended February 28, 2025, compared to RMB 357,109 thousand in the same period of 2024, indicating a significant increase in cash outflow[151] - The company reported accounts payable of RMB 374,156,000 as of February 28, 2025, compared to RMB 395,688,000 as of August 31, 2024[179] - The company has made unsecured advances to Tianping College totaling RMB 900,700,000 as of February 28, 2025, up from RMB 722,700,000 in the previous year[177] - Trade and other receivables as of February 28, 2025, totaled RMB 1,395,979,000, an increase from RMB 1,214,535,000 as of August 31, 2024[175] - Cash and cash equivalents decreased to RMB 204,311 thousand as of February 28, 2025, from RMB 382,919 thousand as of February 29, 2024, representing a decline of about 46.6%[151] Expenditures and Investments - The company invested approximately RMB 152,736,000 in property, plant, and equipment for campus infrastructure improvements during the period[168] - The capital commitments at the end of the reporting period include RMB 149,956,000 for property, plant, and equipment, and RMB 30,000,000 for investment in Tianping College[16] - The company has secured loans amounting to RMB 207,163,000, which were fully repaid during the six months ending February 28, 2025[171] - The company has made advances to Tianping College amounting to RMB 900,700,000, an increase from RMB 722,700,000 in the previous year[17] - The company has received service income of RMB 142,680,000, which was settled after February 28, 2025[176] Future Projections - The company anticipates a revenue growth forecast of 10% for the next fiscal year, projecting revenues of RMB 550 million[198] - New product offerings in vocational training are expected to launch in Q3 2024, targeting an additional 5,000 enrollments[199] - The company is expanding its market presence in Henan province, aiming to establish two new campuses by 2025[198] - A strategic acquisition of a local educational institution is planned, with an estimated cost of RMB 50 million[199] - The company is investing RMB 20 million in technology development to enhance online learning platforms[198] - The company plans to implement a new marketing strategy focusing on digital channels, aiming for a 25% increase in student inquiries[198] - The company has secured a new partnership with a technology firm to integrate AI into its educational programs, enhancing learning outcomes[199]

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 準確性或完整性亦無發表聲明，並明確表示概不會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的任何損失承擔任何責任。 JAPAN KYOSEI GROUP COMPANY LIMITED 日本共生集團有限公司 香港，2025年5月27日 （於百慕達註冊成立的有限公司） （股份代號：00627） 截至2024年12月31日止年度之全年業績公告 及 恢復買賣 日本共生集團有限公司（「本公司」）董事會（「董事會」）及其附屬公司（統稱「本集團」）謹 此公告本集團截至2024年12月31日止年度之經審計財務業績。本公告載有本公司2024年 年度報告（「年報」）全文，並符合香港聯合交易所有限公司（「聯交所」）證券上市規則關 於年度業績初步公告附載資料的相關規定。 恢復買賣 應本公司要求，公司股份自2025年4月1日上午九時正起於聯交所暫停買賣，以待刊發載 於本公告內截至2024年12月31日止年度之全年業績。隨着本公告之刊發，本公司已向聯 交所申請公司股份自2025年5月28日上午九時正起恢復買賣。 承董事會命 日本共生集團有限公司 ...

Financial Performance - For the fiscal year ending March 31, 2025, revenue was approximately HKD 227.6 million, a decrease of about 46.0% compared to HKD 421.3 million in 2024[3] - The company reported a loss of approximately HKD 32.0 million for the fiscal year ending March 31, 2025, compared to a profit of approximately HKD 28.8 million in 2024[3] - Basic loss per share for the fiscal year ending March 31, 2025, was approximately HKD 0.028, while basic earnings per share for 2024 was approximately HKD 0.025[3] - The company reported a net loss of HKD 141,000 from other gains or losses, compared to a gain of HKD 7,789,000 in 2024[23] - The group reported a net loss of approximately HKD 32.0 million for the year ended March 31, 2025, compared to a profit of approximately HKD 29.0 million for the year ended March 31, 2024, representing a decrease of approximately 60.8 million HKD[52] Revenue and Income - The revenue from Chinese restaurant operations was HKD 226,631,000, down 46.1% from HKD 419,730,000 in the previous year[21] - Other income for the year was HKD 4,367,000, a decline of 16.0% compared to HKD 5,191,000 in 2024[21] - The company recognized government subsidies of HKD 90,000 under the anti-epidemic fund, significantly lower than HKD 454,000 in the previous year[24] - The group's revenue decreased by 46.0% from approximately HKD 421.3 million for the year ended March 31, 2024, to approximately HKD 227.6 million for the year ended March 31, 2025[44] Assets and Liabilities - Total assets less current liabilities as of March 31, 2025, were HKD 14.7 million, down from HKD 56.6 million in 2024[6] - The company’s net assets decreased to HKD 8.7 million as of March 31, 2025, compared to HKD 40.8 million in 2024[6] - The company’s current liabilities exceeded current assets by approximately HKD 15.9 million as of March 31, 2025, compared to HKD 23.1 million in 2024[9] - As of March 31, 2025, trade receivables aged within 30 days amounted to HKD 1,251 thousand, a decrease from HKD 2,602 thousand in 2024[31] - Trade payables aged within 30 days were HKD 3,454 thousand in 2025, compared to HKD 6,666 thousand in 2024[33] Cost Management - The company is implementing cost control measures to generate cash flow from operations[11] - The total employee costs for the fiscal year 2025 amounted to HKD 115,748 thousand, down from HKD 146,614 thousand in 2024, reflecting a reduction of approximately 21.0%[8] - Employee costs decreased by approximately 21.0% from approximately HKD 146.6 million for the year ended March 31, 2024, to approximately HKD 115.7 million for the year ended March 31, 2025[48] Governance and Management - The company has not appointed a CEO, as the role is collectively fulfilled by all executive directors, allowing for swift decision-making in a changing environment[82] - The audit committee, consisting of four independent non-executive directors, assists the board in monitoring audit procedures and reviewing financial reporting policies[81] - The company is continuously evaluating the need for changes in its governance structure to enhance decision-making efficiency[82] Legal and Compliance Issues - The independent auditor's report indicates that the company could not provide sufficient appropriate audit evidence due to missing records, impacting the audit opinion on the consolidated financial statements[86] - The company is facing legal claims totaling approximately HKD 13,804,000 related to a settlement to dismiss a winding-up petition[38] - The company reported a loss provision of approximately HKD 13,804,000 related to a legal claim from creditors, which was settled on July 10, 2024[91] - The independent auditor could not determine the potential impact of missing documents on the financial statements, affecting the integrity of the reported figures[94] Future Plans and Strategies - The group plans to open two new Eastern and Western concept restaurants by March 2025, aiming to attract younger consumers and improve cash flow cycles[42] - The group will explore strategic partnerships with third-party restaurant operators to enhance market penetration and competitive differentiation[42] - The company plans to allocate approximately HKD 5 million to open a new restaurant offering different cuisines to attract new customers[72] Shareholder Information - The board of directors did not recommend the payment of a final dividend for the fiscal year ending March 31, 2025[3] - The company did not declare or recommend any dividends for the fiscal years ending March 31, 2025, and 2024[27] - The company did not recommend a final dividend for the fiscal year ending March 31, 2025, due to challenging business conditions and cash flow assessments[74] - The annual performance announcement will be published on the Hong Kong Stock Exchange and the company's website[95] - Trading of shares will be suspended starting from November 28, 2023, at 9:00 AM[96] - Shares will remain suspended until further notice[97] - The annual report for the year ending March 31, 2025, will be sent to shareholders in due course[95] Miscellaneous - The company has not identified any significant impact from the newly adopted Hong Kong Financial Reporting Standards on its financial statements[15] - The company has been unable to locate certain financial records and documents from previous directors, which may affect future reporting[14] - The company has no individual external customer revenue exceeding 10% of total revenue for the two years reported[20] - The company’s non-current assets are all located in Hong Kong, with no significant geographical revenue diversification[19] - The company has maintained a sufficient public float of at least 25% of issued shares since its listing[70] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period[67] - The company has not issued any stock options since the plan's effective date, and there were no unexercised options as of March 31, 2025[64] - The company has complied with the corporate governance code, with some deviations noted[76] - The independent auditor's inability to obtain sufficient evidence may lead to significant impacts on the financial statements for the fiscal year ending March 31, 2025[94] - The company has received ongoing financial support from a shareholder, ensuring the ability to meet its obligations[10]

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，概不會就因本公告全部或 任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 摘要 偉鴻集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司 及其附屬公司（統稱「本集團」）截至二零二四年十二月三十一日止年度的綜合財 務業績連同截至二零二三年十二月三十一日止年度的比較數字。 1 • 於截至二零二四年十二月三十一日止年度，本集團之收益約為8.8百萬澳門 元，較去年之收益（二零二三年：105.8百萬澳門元）減少約91.7%，截至二零 二四年十二月三十一日止年度虧損約為48.9百萬澳門元，而截至二零二三 年十二月三十一日止年度虧損約為27.8百萬澳門元，虧損增加約76.1%。 • 於截至二零二四年十二月三十一日止年度，本公司之每股基本虧損約為8.1 澳門仙（二零二三年：5.5澳門仙）。有關減少與年內虧損較截至二零二三年 十二月三十一日止年度的增幅相符。 • 董事會並不建議派付截至二零二四年十二月三十一日止年度的末期股息。 綜合損益及其他全面收益表 WAI HUN ...