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份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 廣駿集團控股有限公司 GRAND TALENTS GROUP HOLDINGS LIMITED （於開曼群島註冊成立的有限公司） （股份代號：8516） 截至2025年9月30日止六個月之中期業績公告 廣駿集團控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事會（「董 事」）茲公佈本集團截至2025年9月30日止六個月的未經審核財務業績。 本公告載有本公司2025年中期報告（「2025年中期報告」）全文，並符合聯交所 GEM證 券 上 市 規 則（分 別 指「GEM」及「GEM上市規則」）有 關 中 期 業 績 初 步 公 告附載資料的相關規定。2025年中期報告的印刷本載有GEM上市規則規定的 資料，將適時按GEM上市規則的規定寄發予本公司股東，並將於香港聯合 交易所有限公司網站 www.hkexnews.hk 「最 新 上 市 公 司 公 告」網 頁 及 本 公 司 網 站 www.gra ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 239,052,000, a decrease of 14.7% compared to HKD 280,177,000 for the same period in 2024[3] - Net profit for the period was HKD 1,522,000, down 94.0% from HKD 25,363,000 in the previous year[3] - Basic and diluted earnings per share decreased to HKD 0.05 from HKD 1.05 year-on-year[4] - Total comprehensive income for the period was HKD 22,842,000, a decline of 51.4% compared to HKD 47,012,000 in 2024[4] - The company reported a profit of HKD 1,283,000 for the six months ended September 30, 2025, compared to HKD 25,098,000 for the same period in 2024[7] - The group reported a pre-tax profit of HKD 1,348,000 for the six months ended September 30, 2025, a significant decrease from HKD 30,241,000 in the same period of 2024[17] - The net loss attributable to the company's owners for the reporting period was approximately HKD 1,283,000, down from a profit of approximately HKD 25,098,000 in the same period last year[45] Revenue Breakdown - Publishing and advertising revenue amounted to HKD 192,824,000, down from HKD 202,260,000, reflecting a decline of 4.2%[15] - Internet subscription and advertising revenue decreased to HKD 37,267,000 from HKD 43,685,000, a drop of 14.7%[15] - The publishing segment generated revenue of HKD 230,091,000, down from HKD 245,945,000 in the previous year, representing a decline of 6.4%[17] - Overall revenue for Oriental Daily was approximately HKD 192,824,000, a decrease of about HKD 9,436,000 or 5% compared to the same period last year[52] - Digital media business revenue was approximately HKD 37,267,000, down by about HKD 6,418,000 or 15% year-on-year[52] Assets and Liabilities - Non-current assets totaled HKD 696,375,000, slightly down from HKD 699,535,000 as of March 31, 2025[5] - Current assets increased to HKD 1,119,219,000 from HKD 1,109,557,000[5] - Total liabilities decreased to HKD 79,571,000 from HKD 79,458,000[6] - The company's equity attributable to owners was HKD 1,644,543,000, down from HKD 1,646,645,000[6] - The total assets of the group as of September 30, 2025, amounted to HKD 1,815,594,000, compared to HKD 1,809,092,000 as of March 31, 2025[18] - The group’s total liabilities increased to HKD 157,051,000 as of September 30, 2025, compared to HKD 149,412,000 as of March 31, 2025[18] Investment Properties - The company reported a fair value loss on investment properties of HKD 7,900,000, compared to HKD 10,355,000 in the previous year[3] - The net fair value loss on investment properties for the period was approximately HKD 7,900,000, compared to HKD 10,355,000 for the six months ended September 30, 2024[14] - The fair value of investment properties increased to HKD 348,160,000 as of September 30, 2025, from HKD 344,698,000 as of March 31, 2025[29] - The company’s investment properties located in Australia were valued at HKD 216,260,000 as of September 30, 2025, compared to HKD 204,898,000 as of March 31, 2025[31] Dividends and Retained Earnings - The company paid a special dividend of HKD 143,876,000 during the period, impacting retained earnings[7] - The company declared a final dividend of HKD 0.01 per share, totaling approximately HKD 23,979,000, compared to HKD 143,876,000 for the previous period[26] Credit and Loans - The loan business reported a loss of HKD 5,574,000 for the six months ended September 30, 2025, compared to a profit of HKD 25,336,000 in the same period of 2024[17] - Total loan interest income was approximately HKD 786,000, a decrease of about HKD 24,924,000 or 97% year-on-year[53] - The total amount of receivable loans was approximately HKD 468,331,000, a decrease of about HKD 289,000 or 0.1% compared to March 31, 2025[53] - The company has recognized a credit loss provision of approximately HKD 6,144,000 for expected credit losses on receivable loans and interest[54] - The expected credit loss provision for receivables and interest was approximately HKD 6,144,000 during the reporting period[45] Corporate Strategy and Changes - The company plans to focus resources on its core media business to strengthen its market leadership amid a challenging local economic environment[56] - The company intends to change its name to "Oriental Media Group Limited" to better reflect its business focus and enhance corporate image[56] - The board proposed to change the company's name from "Oriental Enterprise Holdings Limited" to "Oriental Media Group Limited" to better reflect the business composition[65] - The name change requires approval from shareholders at a special general meeting and a certificate from the Hong Kong Companies Registry[66] Employment and Workforce - The company employed 734 employees as of September 30, 2025, down from 779 employees as of March 31, 2025[58] Miscellaneous - The interim report will be published on the company's website and the Hong Kong Stock Exchange website, containing all information required by the listing rules[67]

Financial Performance - The company reported unaudited consolidated financial results for the six months ending September 30, 2025, compared to the same period in 2024[11]. - The group's total revenue for the period was approximately HKD 35.3 million, an increase of about 31.7% from approximately HKD 26.8 million in the previous period[15]. - Revenue for the six months ended September 30, 2025, was HKD 35,293,000, representing a 31.5% increase from HKD 26,836,000 in the same period of 2024[55]. - Gross profit rose to approximately HKD 11.2 million, a 34.9% increase from approximately HKD 8.3 million, with a gross margin of about 31.7%[17]. - The group recorded a profit attributable to owners of approximately HKD 1.9 million, compared to a loss of approximately HKD 0.1 million in the previous period[22]. - Net profit attributable to owners for the period was HKD 1,851,000, a significant recovery from a loss of HKD 102,000 in the prior year[55]. - Basic and diluted earnings per share improved to HKD 0.19 compared to a loss of HKD 0.01 per share in the same period last year[55]. - The group employed a total of 31 full-time employees as of September 30, 2025, with employee benefit expenses amounting to approximately HKD 3.9 million, a decrease from approximately HKD 4.3 million in the previous period[27]. Revenue Breakdown - Home goods export business contributed approximately 92.4% to total revenue, with sales increasing from approximately HKD 24.8 million to about HKD 32.6 million[15][12]. - E-commerce sales performance was approximately HKD 1.5 million, a 15.4% increase from approximately HKD 1.3 million in the previous period, contributing about 4.2% to total revenue[13]. - Own brand product sales increased to approximately HKD 1.2 million, a 50% increase from approximately HKD 0.8 million in the previous period, contributing about 3.4% to total revenue[14]. - Revenue from Denmark increased to HKD 11,513,000, up 18.5% from HKD 9,715,000 in 2024[69]. - Revenue from the UK rose to HKD 8,532,000, reflecting a 28.0% increase from HKD 6,664,000 in the previous year[69]. - Major customer A contributed HKD 11,480,000 to total revenue, up 18.2% from HKD 9,715,000 in 2024[72]. Expenses and Profitability - Selling and distribution expenses increased to approximately HKD 4.7 million, a 20.5% increase from approximately HKD 3.9 million in the previous period[19]. - Administrative expenses decreased to approximately HKD 5.1 million from approximately HKD 5.7 million, primarily due to reduced employee and training costs[20]. - Operating profit turned positive at HKD 1,893,000 compared to an operating loss of HKD 91,000 in the previous year[55]. - The company reported a net cash inflow from operating activities of HKD 983,000, a decrease from HKD 1,445,000 in the prior year[60]. Assets and Liabilities - The group's total assets were approximately HKD 27.7 million, an increase from approximately HKD 23.7 million, while total equity was about HKD 20.9 million[25]. - Total assets increased to HKD 47,353,000 as of September 30, 2025, compared to HKD 43,343,000 as of March 31, 2025[56]. - Current assets rose to HKD 26,413,000, up from HKD 23,173,000 at the end of the previous reporting period[56]. - Trade receivables amounted to HKD 3,760,000 as of September 30, 2025, down from HKD 5,188,000 on March 31, 2025[82]. - Trade payables increased to HKD 2,490,000 as of September 30, 2025, from HKD 1,966,000 on March 31, 2025[88]. - The capital debt ratio increased from approximately 2.5% to about 10.6% due to an increase in lease liabilities and bank overdrafts[24]. Corporate Governance - The board of directors confirmed that the information provided in the announcement is accurate and complete, with no misleading or fraudulent elements[4]. - The company has a diverse board of directors, including independent non-executive members, which enhances corporate governance[9]. - The company has adopted corporate governance practices in line with GEM listing rules, although the roles of Chairman and CEO are held by the same individual[40]. - The audit committee, consisting of three independent non-executive directors, has reviewed the accounting policies and the interim report for the period[53]. - The company has established a code of conduct for directors regarding securities trading, ensuring compliance with GEM listing rules[42]. Compliance and Risk Management - The company is committed to adhering to the GEM listing rules, ensuring compliance with regulatory standards[7]. - The company emphasizes the importance of risk management, with a dedicated committee overseeing this aspect[9]. - The group closely monitors foreign exchange risks, as most transactions are denominated in HKD, RMB, and USD, but currently has no hedging policies in place[29]. - The company has not declared any interim dividends for the current period, consistent with the previous period[38]. - The group does not have any significant contingent liabilities as of September 30, 2025, consistent with the previous period[35]. Shareholder Information - As of September 30, 2025, the company has a significant shareholder, Hearthfire Limited, holding 611,250,000 shares, representing approximately 61.125% of total shares[43]. - Another major shareholder, Present Moment Limited, owns 86,250,000 shares, accounting for about 8.625% of total shares[48]. - No directors or major shareholders have any business interests that could directly or indirectly compete with the company's operations[51]. Other Financial Information - Government subsidies recognized during the period amounted to HKD 100,000, a decrease of 87.9% from HKD 826,000 in the previous year[67]. - Interest income for the period was HKD 166,000, down 39.6% from HKD 275,000 in the prior year[67]. - The company has not adopted any new or revised accounting standards that would significantly impact its financial performance or position[65]. - The group is currently assessing the impact of new accounting standards but has not identified any significant effects on its operating results[65]. - The company purchased property, plant, and equipment for approximately HKD 12,000,000 during the current period, compared to none in the previous period[80].

Financial Performance - The company recorded an unaudited revenue of approximately HKD 24,800,000 for the six months ended September 30, 2025, representing an increase of about 9.9% compared to the same period last year[4]. - The profit attributable to the owners of the company for the same period was approximately HKD 7,600,000, a decrease primarily due to expected credit loss impairment on trade receivables[4]. - Basic and diluted earnings per share for the six months ended September 30, 2025, were both approximately HKD 0.34, down from HKD 1.13 for the same period in 2024[4]. - For the six months ended September 30, 2025, the company reported a net profit of HKD 7,582,001, compared to HKD 24,786,049 for the same period in 2024, representing a decrease of approximately 69.4%[8]. - Total revenue from continuing operations for the six months ended September 30, 2025, was HKD 24,774,825, an increase of 10% from HKD 22,541,160 in 2024[15]. - The company reported a net loss from expected credit loss impairment of HKD 6,364,682 for the six months ended September 30, 2025, compared to a gain of HKD 13,630,431 in the same period last year[5]. - The group reported a net profit of HKD 7,582,001 for the six months ended September 30, 2025, reflecting a strong performance despite other operating expenses of HKD 2,599,060[19]. Assets and Liabilities - Total assets less current liabilities amounted to HKD 187,728,182 as of September 30, 2025, compared to HKD 181,188,666 as of March 31, 2025[7]. - The company's net asset value increased to HKD 186,403,255 as of September 30, 2025, up from HKD 179,006,042 as of March 31, 2025[7]. - The total assets as of September 30, 2025, amounted to HKD 236,798,861, with segment assets in securities and futures brokerage at HKD 165,525,930[20]. - The group’s liabilities totaled HKD 50,395,606, with segment liabilities in securities and futures brokerage at HKD 39,180,607[20]. - The balance of shareholder loans as of September 30, 2025, was HKD 1,350,000, down from HKD 4,500,000 at the beginning of the period due to repayments of HKD 3,150,000[51]. Cash Flow and Financing - The company experienced a net cash outflow from operating activities of HKD 4,449,755 for the six months ended September 30, 2025, compared to a cash inflow of HKD 15,489,209 in 2024[9]. - The cash and cash equivalents at the end of the period were HKD 1,737,461, down from HKD 11,277,168 at the beginning of the period, reflecting a decrease of approximately 84.6%[9]. - The company’s financing costs decreased to HKD 195,667 for the six months ended September 30, 2025, down from HKD 647,169 in the same period last year[5]. - The company’s financing activities resulted in a cash outflow of HKD 4,625,222 for the six months ended September 30, 2025, compared to a significantly higher outflow of HKD 25,006,998 in 2024[9]. Dividends and Shareholder Information - The board of directors did not recommend the payment of an interim dividend for the six months ended September 30, 2025, consistent with the previous year[4]. - The group did not recommend an interim dividend for the six months ended September 30, 2025, consistent with the previous period[27]. - Major shareholder Zillion Profit Limited holds 1,500,000,000 shares, representing 68.18% of the company's issued share capital[89]. Credit Quality and Trade Receivables - Trade receivables increased to HKD 133,480,760 as of September 30, 2025, compared to HKD 118,640,549 as of March 31, 2025[6]. - The expected credit loss provision for the period was HKD 4,246,619, a decrease from HKD 10,870,446 as of March 31, 2025, reflecting improved credit quality[34]. - The company has established a credit limit for each customer, which is subject to regular review to manage credit risk effectively[38]. - The company’s management believes that the credit quality of trade receivables remains stable, with no need for impairment provisions due to the large and unrelated customer base[35]. Operational Highlights - The company reported a significant increase in commission and brokerage fees from securities trading, totaling HKD 2,889,640 for the six months ended September 30, 2025, up from HKD 1,868,703 in 2024, marking a growth of approximately 54.4%[15]. - Securities and futures brokerage income increased by approximately 54.6% from HKD 1,900,000 for the six months ending September 30, 2024, to about HKD 2,900,000 for the six months ending September 30, 2025[55]. - Total trading volume for securities transactions rose by approximately 119.0% from HKD 29,907,500,000 to HKD 65,502,600,000 during the same periods[55]. Corporate Governance - The company is committed to high standards of corporate governance and has adhered to all applicable codes, with some deviations noted regarding the separation of roles between the chairman and CEO[94]. - The audit committee has been established to review and supervise the financial reporting procedures and internal controls of the group[98]. - The committee consists of three independent non-executive directors: Mr. Pan Wing Chuen, Ms. Lau Ka Nam, and Mr. Lam Chi Cheng[98]. Future Outlook - The group aims to expand its brokerage and underwriting business by broadening its customer base and enhancing its trading platform[73]. - The group will continue to explore potential investment opportunities to enhance profitability[72].

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佈全部或任何 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 INVESTMENT AND FINANCE GROUP LIMITED 中國投融資集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1226） 中期業績公佈 截至二零二五年九月三十日止六個月 中國投融資集團有限公司（「本公司」）及其附屬公司（統稱「本集團」）董事（「董事」） 會（「董事會」）欣然公佈本集團截至二零二五年九月三十日止六個月（「本期間」） 之未經審核綜合業績。 簡明綜合損益及其他全面收益表 截至二零二五年九月三十日止六個月 | | | 未經審核 | | | --- | --- | --- | --- | | | | 截至九月三十日止六個月 | | | | | 二零二五年 | 二零二四年 | | | 附註 | 千港元 | 千港元 | | 出售證券之所得款項總額 | | 51,917 | 10,951 | | 收益 | 3 | 1,774 | 3,318 | | 出售以公平 ...

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 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 對 因 本 公 告 全 部 或 任 何 部 份 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。 GRAND BRILLIANCE GROUP HOLDINGS LIMITED 君百延集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8372） 截 至2025年9月30日 止 六 個 月 之 中 期 業 績 公 告 君 百 延 集 團 控 股 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（統 稱「本 集 團」）截 至2025年9月30日 止 六 個 月 之 未 經 審 核 綜 合 業 績（「中 期 業 績」）。本 公 告 載 列 本 集 團 截 至2025年9月30日 止 六 個 月 的 中 期 報 告 全 文，其 內 容 乃 根 據 香 ...

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 1,211,523,000, a slight increase of 0% compared to HKD 1,208,819,000 in the same period last year[2] - The company's profit attributable to equity holders was HKD 60,644,000, down 7% from HKD 65,160,000 year-on-year[3] - Basic earnings per share decreased to HKD 0.096 from HKD 0.103, reflecting a 7% decline[3] - The total comprehensive income for the period was HKD 112,778,000, compared to HKD 65,833,000 in the previous year, indicating a notable increase[5] - The group's profit before tax for the six months ended September 30, 2025, was HKD 60,644,000, a decrease of 6.3% compared to HKD 65,160,000 for the same period in 2024[18] - The income tax expense for the period was HKD 11,001,000, a decrease of 27.2% from HKD 15,160,000 in the previous year[15] - The company declared an interim dividend of HKD 0.036 per share for the six months ended September 30, 2025, compared to HKD 0.038 per share in 2024, totaling HKD 22,699,000[17] Assets and Liabilities - The total assets increased marginally to HKD 4,353,251,000, compared to HKD 4,335,067,000 in the previous year, showing a 0% change[2] - The company's total equity rose by 2% to HKD 3,145,375,000 from HKD 3,094,076,000[2] - Current assets decreased to HKD 3,111,627,000 from HKD 3,161,607,000, a decline of about 1.6%[6] - Total liabilities decreased from HKD 1,270,592,000 to HKD 1,201,480,000, reflecting a reduction of approximately 5.4%[6] - The company's equity increased to HKD 3,151,771,000 from HKD 3,088,372,000, marking an increase of about 2.0%[7] - As of September 30, 2025, the group's net current assets amounted to HKD 2.022 billion, a 1% increase from HKD 1.998 billion on March 31, 2025[34] - Cash and bank balances increased to HKD 726 million from HKD 667 million, representing an increase of HKD 59 million[34] - The group has no bank loans as of September 30, 2025, maintaining a net cash balance of HKD 726 million[34] Revenue Breakdown - Revenue from the China and Hong Kong segment was HKD 843,632,000, down from HKD 890,834,000, a decrease of approximately 5.3% year-over-year[11] - Revenue from Taiwan decreased to HKD 18,215,000 from HKD 21,441,000, a decline of about 15.3%[11] - Revenue from other overseas countries increased to HKD 349,676,000 from HKD 296,544,000, representing a growth of approximately 17.9%[11] - The group's revenue for the six months ended September 30, 2025, was HKD 1.212 billion, a slight increase from HKD 1.209 billion in 2024[26] - Revenue from mainland China and Hong Kong decreased by 5% to HKD 844 million, while Taiwan's revenue fell by 14% to HKD 18 million[29] - International market revenue increased by 18% to HKD 350 million, up from HKD 297 million in 2024[31] Operational Insights - The average return on equity decreased to 1.9% from 2.1%, a decline of 10%[2] - The average return on total assets also fell to 1.4% from 1.5%, representing a 7% decrease[2] - The company reported a gross profit of HKD 275,537,000, slightly down from HKD 276,974,000[4] - Other income and gains increased significantly to HKD 59,974,000 from HKD 38,732,000, marking a substantial rise[4] - The group reported a net receivable trade and notes amounting to HKD 1,479,985,000 as of September 30, 2025, down from HKD 1,573,798,000 as of March 31, 2025[19] - The net trade receivables as of September 30, 2025, included HKD 1,232,738,000, reflecting an increase from HKD 1,130,754,000 as of March 31, 2025[21] Strategic Initiatives - The introduction of the "AI Molder" service marks the company's first step into AI technology, aimed at enhancing manufacturing efficiency[32] - The company plans to launch a series of cost-effective and competitive new product lines to assist customers in the challenging market environment[32] - The group aims to double the production capacity of its second board machines and is preparing to restructure a new high-end fully electric production line within the fiscal year[33] - The group has engaged in a "lean production" consulting project with a renowned international consulting firm to optimize production processes and improve efficiency[33] - The group plans to launch new products that are more aligned with market demand and continue to expand into potential markets such as new energy vehicles and the 3C industry[45] Market Conditions - The overall economic outlook remains bleak, with over 70% of economists predicting a further decline in global economic conditions[27] - The impact of U.S. tariffs has led to a significant delay in new equipment purchases by customers, particularly in mainland China[28] - The outlook for the second half of the year indicates a cautious investment direction from most customers, leading to weak market demand and intensified competition[45] Governance and Compliance - The company has not adopted new accounting standards that may impact financial performance, currently assessing their potential effects[9] - The company has reviewed the unaudited interim results for the six months ending September 30, 2025, focusing on internal controls and financial reporting[49] - The audit committee and management discussed the accounting standards and practices adopted by the group[49] - The group has a diversified customer base, minimizing significant credit risk, with no collateral held against trade receivables[20] - The group has no significant investments, acquisitions, or disposals related to its subsidiaries and associates as of September 30, 2025[37] - The group has adopted a prudent financial management policy, ensuring sufficient liquidity to meet capital investment and operational funding needs[34] Employee Insights - As of September 30, 2025, the group had approximately 2,700 full-time employees, maintaining competitive compensation and benefits[44]

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 98,499,000, a decrease of 3.9% from HKD 102,307,000 in the same period of 2024[3] - Gross profit for the same period was HKD 67,406,000, down 9.4% from HKD 74,272,000 year-on-year[3] - The company incurred a loss of HKD 10,121,000 for the period, compared to a profit of HKD 18,236,000 in the previous year, representing a significant decline[4] - Basic and diluted loss per share was HKD 0.27, compared to earnings per share of HKD 0.78 in the prior year[4] - Total comprehensive income for the period was HKD 492,000, a decrease of 97.9% from HKD 23,659,000 in the same period last year[5] - The total revenue for the period decreased to approximately HKD 98.5 million, down from HKD 102.3 million in the same period last year, representing a decline of 3.7%[45] - The gross profit margin decreased from 72.6% to 68.4% during the same period, indicating a decline in profitability[44] - The average selling price of burial plots decreased by 13% compared to the same period last year, contributing to the reduction in gross profit[45] Assets and Liabilities - Non-current assets increased to HKD 860,337,000 as of September 30, 2025, compared to HKD 723,320,000 as of March 31, 2025, reflecting a growth of 18.9%[6] - Current liabilities rose to HKD 207,081,000 from HKD 163,810,000, indicating an increase of 26.4%[6] - The company's net assets decreased to HKD 949,522,000 from HKD 973,465,000, a decline of 2.5%[7] - The company’s total assets as of September 30, 2025, were approximately HKD 1.3087 billion, up from HKD 1.2834 billion as of March 31, 2025[54] - The current ratio decreased to approximately 2.17 from 3.42, primarily due to a decrease in current assets and an increase in current liabilities[53] Revenue Sources - Sales of burial plots and niches contributed HKD 88,560,000, representing an increase of 2.0% from HKD 86,712,000 in the previous year[16] - The company reported a pre-tax profit of HKD 18,044,000 for the six months ended September 30, 2025, with significant costs including HKD 23,600,000 for cost of goods sold[17] Expenses and Costs - Financing costs increased to HKD 739,000 from HKD 298,000 year-on-year, primarily due to higher interest on bank borrowings[19] - The total income tax expense for the period was HKD 10,547,000, slightly down from HKD 10,825,000 in the previous year[21] - The company did not declare any interim dividend for the six months ended September 30, 2025, compared to HKD 11,107,000 declared in the same period last year[22] - Sales and distribution expenses rose significantly from HKD 12 million to HKD 31.9 million, largely due to additional VAT payments and increased promotional expenses[47] - Financing costs increased by approximately HKD 400,000 due to new short-term bank borrowings of about HKD 11 million during the period[49] Strategic Focus and Market Trends - The company primarily operates in the cemetery business in China, with no significant changes in operational segments reported[11] - The Chinese funeral service market size reached RMB 169.5 billion in 2015, projected to grow to RMB 521.2 billion by 2030, reflecting a compound annual growth rate (CAGR) of approximately 8.5%[34] - The aging population in China is expected to exceed 300 million by the end of 2024, accounting for 22% of the total population, which will drive demand for funeral services[34] - The ongoing urbanization process in China is projected to reach over 73% by 2030, which will further increase disposable income and demand for personalized funeral services[35] - The company is actively exploring eco-friendly burial products and enhancing community service offerings to improve regional competitiveness and customer satisfaction[38] - The company has faced pricing pressures in certain regions due to policy adjustments and increased competition, but has successfully optimized service processes and developed community-friendly products[38] Corporate Governance and Compliance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with applicable disclosure requirements[9] - The company has complied with all applicable code provisions of the corporate governance code for the six months ended September 30, 2025[61] - The audit committee has reviewed the financial reporting procedures and internal controls, with no objections to the accounting policies adopted[62] - The company has adopted the standard code for securities transactions by directors and confirmed compliance by all directors during the period[63] - The interim report contains all information required by the listing rules and will be sent to shareholders at the appropriate time[64] Other Information - The company incurred land transfer costs of approximately HKD 137,195,000 during the period[27] - Trade receivables as of September 30, 2025, totaled HKD 2,306,000, with HKD 1,614,000 due within 60 days[28] - As of September 30, 2025, trade payables amounted to HKD 38,087,000, an increase from HKD 33,307,000 as of March 31, 2025, with over 62% of the payables being overdue for more than one year[13] - The issued and fully paid share capital remained stable at 2,221,363,000 shares, equivalent to HKD 222,136,000 as of both September 30, 2025, and March 31, 2025[14] - The company has made significant progress in service transformation and technology integration, with a focus on compliance operations and brand building[37] - The flagship project, Zhejiang Anxian Garden, has integrated technology such as AI and holography into its services, enhancing customer experience and setting a benchmark for industry digital transformation[37] - The company and its subsidiaries did not purchase, sell, or redeem any listed securities during the period[59] - There are no interests held by directors or major shareholders in any competing businesses as of September 30, 2025[60] - No significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the period[55] - No significant events occurred after September 30, 2025, until the publication date of the financial statements[58] - The board does not recommend the payment of an interim dividend for the period, which was 0.5 HK cents per share for the six months ended September 30, 2024[57]

Fundraising and Allocation - The total amount raised from the subscription is approximately HKD 326.9 million, with a net amount of about HKD 326.5 million after expenses, equivalent to a net issue price of approximately HKD 3.106 per share[6]. - 30% of the net proceeds (approximately HKD 98.0 million) will be allocated for the development and commercialization of the targeted lung denervation system (TLD system), covering technology iteration, clinical trials, and marketing[6]. - 35% of the net proceeds (approximately HKD 114.2 million) will fund the key technology development for the natural orifice flexible surgical robot, with clinical trials expected to be completed by 2029[6]. - 20% of the net proceeds (approximately HKD 65.3 million) will be used to establish an overseas headquarters in Ireland, focusing on obtaining overseas regulatory approvals and commercializing core products[6]. - 15% of the net proceeds (approximately HKD 49.0 million) will be allocated for the company's working capital and other general corporate purposes, expected to be fully utilized by 2028[6]. Regulatory and Operational Updates - The company is currently in the approval process for necessary consents related to the subscription agreement, with submissions made to the relevant regulatory authorities in China[4]. - The company plans to provide further announcements regarding the completion of the subscription at an appropriate time[5]. - The overseas headquarters will integrate and coordinate existing overseas operations, enhancing management of international business activities[6]. - The company aims to commercialize the BroncAblate® system in China by the first half of 2025, following approval from the National Medical Products Administration (NMPA)[6]. Executive Compensation - The company has not granted restricted share units to any of the top five highest-paid individuals for the year ending December 31, 2024, except for the executive director and CEO Xu Hong[7].

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 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。 （於開曼群島註冊成立的有限公司） （股份代號：1982） 截 至2025年9月30日 止 六 個 月 的 未 經 審 核 綜 合 中 期 業 績 公 告 | 財 | | 摘 | 要 | | | | | | | | | | | | | | | 務 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 截 | | | | 至9月30日 2025年 | 止 六 個 | 月 ...