Financial Results - The unaudited condensed consolidated results for the six months ended September 30, 2025, have been announced, with comparative figures for the same period in 2024 provided[14]. - The report includes the unaudited condensed consolidated statement of profit or loss and other comprehensive income for the period[15]. - The financial results have been reviewed and approved by the audit committee of the Company, although they have not been audited by an independent auditor[14]. - Revenue for the six months ended September 30, 2025, increased to HK$91,629,000, up 55% from HK$59,027,000 in the same period of 2024[16]. - Gross profit for the same period rose to HK$18,977,000, representing a 65.7% increase compared to HK$11,461,000 in 2024[16]. - Profit before taxation decreased to HK$1,989,000, down 13.2% from HK$2,290,000 in the previous year[16]. - The company reported a profit and total comprehensive income of HK$1,160,000 for the period, a decrease from HK$1,536,000 in the previous year[16]. - Basic and diluted earnings per share decreased to HK$0.10 from HK$0.13 in the same period of 2024[16]. - Total segment revenue for the six months ended September 30, 2025, was HK$117,052,000, up from HK$73,649,000 in 2024[54]. - The Group's profit before taxation decreased to HK$1,160,000 for the six months ended September 30, 2025, compared to HK$1,536,000 in the same period of 2024, reflecting a decline of approximately 24%[69]. Financial Position - Total assets as of September 30, 2025, amounted to HK$231,241,000, compared to HK$204,078,000 as of March 31, 2025[18]. - Current liabilities increased to HK$52,552,000 from HK$34,670,000, reflecting a rise of 51.6%[18]. - Net current assets improved to HK$178,689,000, up from HK$169,408,000 as of March 31, 2025[18]. - Cash and cash equivalents at the end of the period were HK$64,647,000, down from HK$89,707,000 in 2024[22]. - Trade receivables decreased significantly from HK$10,674,000 as of March 31, 2025, to HK$6,044,000 as of September 30, 2025, indicating a reduction of about 43%[76]. - Total prepayments, deposits, and other receivables decreased from HK$60,884,000 as of 31 March 2025 to HK$53,561,000 as of 30 September 2025, a reduction of approximately 12.1%[80]. - The Group's total current portion of prepayments, deposits, and other receivables was HK$53,173,000 as of 30 September 2025, down from HK$60,496,000 as of 31 March 2025, reflecting a decrease of approximately 12.1%[80]. - The Group's debt as of September 30, 2025, included approximately HK$1,718,000 in lease liabilities, down from HK$3,394,000 as of March 31, 2025[155]. Revenue Breakdown - Sales of ODM toys to license holders increased to HK$32,269,000, up 16% from HK$27,789,000 year-over-year[46]. - Distribution of imported toys and related products saw a significant rise to HK$40,134,000, compared to HK$17,650,000, marking a 127% increase[46]. - Revenue from sales of own licensed toys and related products grew to HK$15,726,000, up 64% from HK$9,588,000[46]. - Revenue from agency services related to engineering projects decreased to HK$3,500,000 from HK$4,000,000, a decline of 12.5%[46]. - The percentage of revenue contributed by the Group's five largest customers decreased to approximately 50% from 60% in the corresponding period[47]. Expenses and Costs - Selling expenses increased sharply by approximately 127.0% to approximately HK$5,417,000, primarily due to increased event promotion and branding development expenditures[145]. - Administrative expenses rose by approximately 19.7% to approximately HK$12,232,000, mainly due to new expenditures from the US operation[146]. - The depreciation of property, plant, and equipment amounted to HK$884,000 for the period, down from HK$2,651,000 in the previous year, indicating a significant reduction in depreciation expenses[65]. - The Group's finance costs decreased from HK$158,000 in 2024 to HK$96,000 in 2025, showing a reduction of approximately 39%[65]. Corporate Governance and Compliance - The Company has a responsibility to provide information in compliance with the GEM Listing Rules[4]. - The Group has complied with the Corporate Governance Code during the period, except for a deviation regarding the roles of chairman and CEO being held by Mr. Li[196]. - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2025, confirming compliance with applicable accounting standards and GEM Listing Rules[199]. Future Outlook and Strategy - The Group plans to explore potential business opportunities beyond the ACG figure toys market to broaden income sources and enhance shareholder value[173]. - The Group expects all contract liabilities to be recognized as revenue within one year[111]. Shareholder Information - As of September 30, 2025, the company's issued ordinary share capital was HK$11,923,077, divided into 1,192,307,692 shares of HK$0.01 each[193]. - Mr. Li Wai Keung holds a beneficial interest in 220,640,000 shares, representing 18.51% of the company's issued share capital[180]. - The company did not redeem any of its ordinary shares during the period, nor did it purchase or sell any ordinary shares[186]. - The Group did not recommend the payment of an interim dividend for the Period, similar to the corresponding period[168].

Financial Performance - The company reported revenue of HKD 91,629,000 for the six months ending September 30, 2025, representing an increase of 55% compared to HKD 59,027,000 in the same period last year[5]. - Gross profit for the same period was HKD 18,977,000, up from HKD 11,461,000, indicating a significant growth of 65%[5]. - The company achieved a net profit of HKD 1,160,000, compared to HKD 1,536,000 in the previous year, reflecting a decrease of 24%[5]. - Basic earnings per share were HKD 0.10, down from HKD 0.13 in the previous year, indicating a decline of approximately 23%[5]. - The total operating expenses increased to HKD 12,232,000 from HKD 10,223,000, marking an increase of 20%[5]. - The company reported a decrease in operating profit before tax to HKD 1,989,000 from HKD 2,290,000, a decline of 13%[5]. - Other income increased slightly to HKD 2,518,000 from HKD 2,480,000, showing a growth of 1.5%[5]. - The pre-tax profit for the six months ended September 30, 2025, was HKD 7,497,000, up from HKD 6,510,000 in 2024, indicating a year-over-year increase of 15.1%[28]. Assets and Liabilities - Total assets decreased slightly to HKD 224,963 million from HKD 204,078 million, reflecting a 10% increase year-over-year[6]. - Current assets increased to HKD 53,173 million, up 11% from HKD 60,496 million[6]. - Total liabilities rose to HKD 52,552 million, a 34% increase compared to HKD 34,670 million[6]. - Net asset value as of September 30, 2025, was HKD 195,649 million, down from HKD 196,600 million[8]. - The total equity decreased to HKD 195,649 million from HKD 196,600 million, indicating a slight decline[8]. - Cash and cash equivalents stood at HKD 123,191 million, a marginal decrease from HKD 123,739 million[6]. - Trade receivables increased to HKD 10,674 million, reflecting a 10% rise from the previous period[6]. - The company’s total liabilities to total assets ratio increased, indicating a higher leverage position[6]. Revenue Segmentation - Revenue from ODM toy sales was HKD 32,269,000, an increase from HKD 27,789,000 year-over-year[21]. - Revenue from imported toy distribution was HKD 40,134,000, up from HKD 17,650,000, indicating a significant growth of approximately 127%[21]. - Revenue from self-branded toys was HKD 15,726,000, compared to HKD 9,588,000 in the previous year, reflecting a growth of about 64%[21]. - The group identified three reportable segments: ODM toy sales, self-branded toy sales, and imported toy distribution, consistent with the previous year[22]. - Approximately 50% of the group's revenue came from its top five customers, down from 60% in the same period last year[21]. Operational Strategy - The company plans to expand its market presence and invest in new product development to drive future growth[5]. - The company is focusing on enhancing operational efficiency to mitigate rising costs and improve profitability[5]. - The management expressed optimism about future performance despite current challenges in the market[5]. - The group is focused on expanding its market presence and enhancing its product offerings through new strategies and potential acquisitions[20]. Cash Flow and Investments - Operating cash flow amounted to HKD 25,278,000, with a net cash increase of HKD 16,606,000[10]. - Cash and cash equivalents increased by HKD 11,525,000, ending the period with HKD 64,647,000[10]. - The company incurred a payment of HKD 35,036,000 for the acquisition of financial assets[10]. - The company reported a total of HKD 12,700,000 in sales proceeds from merchandise[10]. Corporate Governance - The financial report is prepared in accordance with the Hong Kong Financial Reporting Standards, with all figures rounded to the nearest thousand Hong Kong dollars[12]. - The financial report has been reviewed by the audit committee but has not been independently audited[15]. - The audit committee and management have reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2025, and believe they comply with applicable accounting standards and GEM listing rules[93]. Market Expansion - The group established a wholly foreign-owned enterprise in mainland China and formed an international business company in the United States to expand distribution markets[54]. - The group plans to assist Western companies in entering the vast Chinese market while guiding Asian companies to tap into the high-revenue U.S. market[54]. - The group aims to explore potential opportunities to expand its network beyond the ACG toy market, leveraging its diverse high-end toy product offerings for better business performance[80]. Shareholder Information - As of September 30, 2025, the company's issued share capital is HKD 11,923,077, divided into 1,192,307,692 shares with a par value of HKD 0.01 each[86]. - Major shareholder Infinite Force Holdings Ltd holds 220,640,000 shares, representing an 18.51% stake in the company[85]. - The company did not repurchase any of its ordinary shares during the reporting period[87]. - The board does not recommend the payment of an interim dividend for this period, compared to none in the same period last year[76].

Financial Performance - Total revenue for the six months ended September 30, 2025, was approximately RMB 4.05 billion, representing a year-on-year increase of 33% compared to RMB 3.05 billion in the previous period[3]. - Net profit attributable to owners of the company was approximately RMB 519.53 million, a 54% increase from RMB 336.60 million in the previous period[4]. - Adjusted EBITA for the reporting period was approximately RMB 549.71 million, a decrease of 14% compared to RMB 642.25 million in the previous period, excluding a one-time gain from financial asset impairment reversal[5]. - The company reported a total operating profit of RMB 526.01 million for the reporting period, slightly down from RMB 527.45 million in the previous period[9]. - The group recorded revenue of approximately RMB 40.47 billion, a 33% increase compared to approximately RMB 30.51 billion in the previous period[27]. - The adjusted EBITA profit was approximately RMB 5.50 billion, a 14% decrease from approximately RMB 6.42 billion in the previous period[27]. - The net profit attributable to the owners of the company was approximately RMB 5.20 billion, a 54% increase from approximately RMB 3.37 billion in the previous period[27]. - The total comprehensive income for the period was RMB 438.752 million, compared to RMB 313.686 million in the prior year, reflecting overall growth in profitability[42]. - The company reported a gross profit of RMB 1,121,968,000 for the six months ended September 30, 2025, compared to RMB 994,801,000 for the same period in 2024, indicating an increase of about 12.8%[58][59]. - The company achieved a profit before tax of RMB 631,812,000 for the six months ended September 30, 2025, compared to RMB 435,023,000 for the same period in 2024, representing an increase of approximately 45.2%[58][59]. Revenue Segmentation - Revenue from the performance content and technology business segment was RMB 1.34 billion, up from RMB 1.17 billion in the previous period[10]. - Revenue from the IP derivative business segment increased to RMB 1.16 billion from RMB 565.47 million in the previous period[10]. - Revenue from the film content and technology business segment decreased to RMB 1.06 billion from RMB 1.26 billion in the previous period[10]. - The revenue breakdown includes RMB 1,338,591,000 from Performance Content and Technology, RMB 1,160,238,000 from IP Derivative Business, RMB 1,064,273,000 from Film Content and Technology, and RMB 484,264,000 from Series Production[58]. User and Market Growth - The user base of the Damai platform has reached 300 million, maintaining a leading position in the global industry, covering over 40 categories including movies, concerts, and sports[5]. - The live entertainment ticketing business achieved a total transaction value (GMV) growth, with concert ticket buyers increasing by 17% year-on-year, reflecting strong audience demand[12]. - The live entertainment content business recorded revenue growth of over 50% year-on-year, driven by diverse content offerings including large concerts and new formats like immersive shows[13]. - The group's performance in the live content and technology segment generated approximately RMB 1.339 billion in revenue, a 15% increase from RMB 1.169 billion in the previous period[15]. - The number of large-scale performances served exceeded 2,500, with a 19% year-on-year increase, maintaining a zero-accident record[12]. Strategic Initiatives - The company continues to focus on expanding its market presence and enhancing its product offerings through strategic upgrades and technological advancements[5]. - The group plans to expand its international business, leveraging its core capabilities in the Chinese market to enter Southeast Asia and Japan/Korea[14]. - The group aims to solidify its core competitiveness and market share by expanding into new categories in both ticketing and content[15]. - The company has signed multiple high-quality IP agreements, including partnerships with brands like Sanrio and Pokémon, to enhance its IP commercialization strategy[17]. - The company continues to invest in new technologies and products, particularly in the film and series production sectors, to drive future growth and market expansion[53]. Financial Position and Assets - As of September 30, 2025, the group held cash and cash equivalents of approximately RMB 3.498 billion, an increase from RMB 3.365 billion as of March 31, 2025[33]. - The group reported a net financial income of RMB 112,534,000 for the six months ended September 30, 2025, compared to RMB 80,893,000 for the same period in 2024, an increase of 39.0%[64]. - The company maintained a net cash position with a capital debt ratio of zero as of September 30, 2025, consistent with the previous reporting period[33]. - Total assets increased to RMB 26,461,510 thousand from RMB 23,499,383 thousand as of March 31, 2025, representing a growth of approximately 12.5%[44]. - Total liabilities increased to RMB 9,534,584 thousand from RMB 7,034,083 thousand, marking a significant rise of about 35.5%[45]. Corporate Governance - The company has maintained compliance with corporate governance codes, ensuring shareholder rights and enhancing corporate value[81]. - The company appointed a female independent non-executive director to the nomination committee, effective September 19, 2025, in line with corporate governance requirements[82]. - The independent non-executive directors have served for over nine years, but the board believes their diverse backgrounds and ongoing professional development allow them to continue providing valuable insights and independent judgment[83]. - The audit committee has reviewed the interim results for the reporting period, which have not been audited but were reviewed by independent auditors[86]. Employee and Operational Metrics - The group employed 1,780 employees as of September 30, 2025, an increase from 1,556 employees a year earlier, reflecting a growth in workforce[38]. - The total employee benefits expenditure was approximately RMB 456 million, compared to RMB 437 million in the previous period, showing a rise in employee-related costs[38]. - The company’s credit terms for debtors are generally within one year, with regular assessments of credit quality and limits for new debtors[76].

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 123,889,000, a significant increase from HKD 49,113,000 in the same period last year, representing a growth of approximately 152.3%[6] - The cost of sales for the same period was HKD 121,681,000, compared to HKD 48,993,000 last year, indicating an increase of about 147.1%[6] - The company recorded a loss before tax of HKD 4,397,000, an improvement from a loss of HKD 5,477,000 in the previous year, reflecting a reduction of approximately 19.7%[6] - The total comprehensive loss for the period was HKD 4,634,000, compared to HKD 5,345,000 in the prior year, showing a decrease of about 13.3%[6] - The basic and diluted loss per share for the period was HKD 0.66, compared to HKD 1.21 in the same period last year, indicating an improvement of approximately 45.5%[6] - The company reported other income and gains of HKD 5,662,000, up from HKD 1,531,000 in the previous year, marking an increase of about 270.5%[6] - The net loss attributable to shareholders was 4,226 million yuan, indicating a challenging financial environment[8] - The company recorded a net increase in cash and cash equivalents of HKD 6,403,000 for the six months ended September 30, 2025, compared to an increase of HKD 8,951,000 in the previous year[9] - The company recorded a loss of approximately HKD 4,634,000 for the six months ending September 30, 2025, a 13% decrease compared to a loss of HKD 5,345,000 in the same period of 2024, attributed to improved performance in the mining and metals business and profitability in the software business[71] Assets and Liabilities - Total assets decreased from HKD 157,874 million to HKD 86,489 million, a decline of approximately 45%[7] - Current liabilities increased significantly from HKD 18,026 million to HKD 94,224 million, representing a growth of about 422%[7] - Net current assets decreased from HKD 68,463 million to HKD 63,650 million, a reduction of approximately 7%[7] - Non-current assets totaled HKD 32,737 million, up from HKD 31,484 million, indicating an increase of about 4%[7] - Total equity decreased from HKD 95,557 million to HKD 91,909 million, a decline of about 4%[7] - The company's total liabilities increased from HKD 18,026 million to HKD 94,224 million, a significant rise of approximately 422%[7] - As of September 30, 2025, total assets amounted to HKD 190,611,000, with mining and metal business assets at HKD 103,028,000 and software business assets at HKD 30,072,000[17] - The total liabilities as of September 30, 2025, were HKD 98,702,000, with mining and metal business liabilities at HKD 32,168,000 and software business liabilities at HKD 36,051,000[17] Cash Flow - Operating cash flow net amount was HKD (12,236,000) for the six months ended September 30, 2025, compared to HKD (1,342,000) in the previous year, indicating a decline in cash flow from operations[9] - Investment activities resulted in a net cash outflow of HKD (11,344,000) for the six months ended September 30, 2025, compared to a net inflow of HKD 32,921,000 in the same period last year[9] - Total cash and cash equivalents at the end of the period were HKD 47,469,000, down from HKD 59,748,000 at the end of the same period last year[9] Business Segments - The mining and metals business generated revenue of approximately HKD 88,608,000 for the six months ending September 30, 2025, up from HKD 49,113,000 in the same period of 2024[69] - The software business generated segment revenue of HKD 35,281,000 for the six months ending September 30, 2025, compared to no revenue in the same period of 2024, with a segment profit of approximately HKD 131,000[64] - The group sold 3,400 ounces of processed precious metals during the period, with revenue of HKD 88,608,000 and gross profit of HKD 672,000, compared to 2,592 ounces, HKD 49,113,000, and HKD 365,000 respectively for the six months ending September 30, 2024[54] Strategic Initiatives - The company aims to enhance its market presence and explore new strategies for growth, although specific details on new products or technologies were not disclosed in the report[6] - Future guidance suggests a focus on expanding market presence and enhancing product offerings[8] - New product development initiatives are underway, aiming to leverage emerging technologies[8] - The company plans to explore strategic acquisitions to bolster its market position[8] - The software business is expected to continue significant growth, supported by strong demand from government and downstream software users, with plans to allocate more resources to expand the customer base and revenue sources[66] Shareholder Information - The total equity as of September 30, 2025, was HKD 944,653,000, with 505,932,270 shares issued and fully paid[41] - Major shareholder Starmax Holdings Limited, beneficially owned by Chen Yihui, holds 101,711,160 shares, accounting for 20.10% of the issued share capital[95] - As of September 30, 2025, the total shares held by executive director Chen Yihui amount to 148,302,360, representing 29.31% of the company's total issued shares[91] Governance and Compliance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and have been reviewed by the company's audit committee[11] - The company has complied with the corporate governance code as per GEM listing rules as of September 30, 2025[102] - The audit committee consists of three independent non-executive directors who reviewed the interim results announcement[105] Market Trends and Future Outlook - Nickel prices on the London Metal Exchange showed a downward trend during the period, fluctuating between approximately USD 13,800 and USD 16,000 per metric ton, despite rising demand from electric vehicles and stainless steel industries[58] - The group anticipates obtaining approval from the National Development and Reform Commission for the development of the second phase of the Baishiquan copper-nickel mine by the end of 2025, with construction expected to commence in the second half of 2026[58] - The group is exploring potential collaboration opportunities for the issuance of a silver-backed digital currency with HashKey Token Limited and Aide Securities, pending approval from the Securities and Futures Commission[55]

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 79,715,000, an increase of 13.5% compared to HKD 70,056,000 for the same period in 2024[4] - Gross profit for the six months ended September 30, 2025, was HKD 11,644,000, down 17.6% from HKD 14,133,000 in the previous year[4] - The company reported a net profit attributable to owners of HKD 747,000 for the six months ended September 30, 2025, compared to a profit of HKD 3,041,000 for the same period in 2024, representing a decrease of 75.5%[4] - The basic and diluted earnings per share for the six months ended September 30, 2025, were HKD (0.04), compared to HKD 0.27 for the same period in 2024[4] - The company reported a net profit before tax of HKD 747,000 for the six months ended September 30, 2025, compared to HKD 3,041,000 for the same period in 2024, reflecting a decrease of approximately 75.5%[18][19] - Profit attributable to owners of the company decreased to approximately HKD 750,000 from HKD 3,040,000, mainly due to increased operational costs and administrative expenses[53] Revenue Breakdown - Revenue from digital advertising services for the six months ended September 30, 2025, was HKD 5,553,000, a decrease of 16.6% from HKD 6,662,000 in 2024[15] - Revenue from social media management services decreased to HKD 12,926,000 for the six months ended September 30, 2025, down 5.3% from HKD 13,655,000 in 2024[15] - Creative and technology services revenue increased to HKD 61,236,000 for the six months ended September 30, 2025, up 22.9% from HKD 49,739,000 in 2024[15] - Revenue from external customers in China increased to HKD 9,386,000 in 2025 from HKD 8,805,000 in 2024, marking a growth of about 6.6%[20] - Revenue from social media management services was approximately HKD 12,930,000, accounting for about 16.21% of total revenue, a decrease from 19.49% in the previous period[46] - Revenue from digital advertising services was approximately HKD 5,550,000, representing about 6.97% of total revenue, down from 9.51%[46] - Revenue from creative and technology services rose to approximately HKD 61,240,000, making up about 76.82% of total revenue, up from 71.00%[46] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 84,301,000, slightly up from HKD 83,628,000 as of March 31, 2025[5] - Current liabilities decreased to HKD 40,553,000 as of September 30, 2025, from HKD 43,617,000 as of March 31, 2025, indicating improved liquidity[5] - The company’s total equity increased to HKD 45,123,000 as of September 30, 2025, from HKD 41,768,000 as of March 31, 2025[5] - The total cash and cash equivalents at the end of the period decreased to HKD 27,588,000 in 2025 from HKD 34,114,000 in 2024, reflecting a decline of 19.1%[9] - Trade receivables as of September 30, 2025, amounted to HKD 51,064,000, a decrease from HKD 52,572,000 as of March 31, 2025, representing a decline of 2.9%[32] - The expected credit loss provision for trade receivables was HKD 8,870,000 as of September 30, 2025, consistent with the provision of HKD 8,844,000 as of March 31, 2025, indicating stability in credit risk assessment[32] Cash Flow and Financing - The net cash used in operating activities for the six months ended September 30, 2025, was HKD (3,594,000), compared to HKD (1,130,000) for the same period in 2024, indicating a significant increase in cash outflow[9] - The financing activities generated a net cash inflow of HKD 1,821,000 for the six months ended September 30, 2025, a decrease of 84.8% from HKD 11,948,000 in 2024[9] - The company issued new shares raising HKD 3,000,000 during the reporting period, contributing to an increase in total equity[6] - The company raised approximately HKD 17.3 million by issuing 16,672,000 rights shares at a subscription price of HKD 1.04 per share, with a net amount of approximately HKD 15.2 million after completion of the rights issue[54] - The intended use of the net proceeds from the rights issue includes approximately HKD 6 million for developing online advertising business in China, HKD 4 million for digital social media management and marketing services, and HKD 5.2 million for general working capital[54] Employee and Operational Costs - Total employee costs for the six months ended September 30, 2025, were HKD 16,323,000, a decrease from HKD 17,403,000 in 2024, reflecting a reduction of about 6.2%[27] - The employee cost for the group was approximately HKD 16,320,000, compared to HKD 17,400,000 for the six months ended September 30, 2024[68] - Selling expenses decreased by approximately 17.35% from HKD 3,020,000 to HKD 2,500,000, attributed to reduced marketing expenses and sales staff costs[49] - Administrative expenses increased by approximately 6.62% from HKD 9,290,000 to HKD 9,910,000, primarily due to rising administrative staff costs[50] Corporate Governance and Compliance - The board is committed to adhering to the corporate governance code as per GEM listing rules, with measures in place to enhance internal controls and professional training[88] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the period and found them compliant with applicable accounting standards[91] - The company has not disclosed any interests or conflicts of interest related to competitive businesses during the period[83] - The company has not adopted any stock option plans as of the report date[81] Market and Risk Factors - The group faces risks related to attracting and retaining key personnel, potential delays in customer payments, and reliance on third-party platforms[75] - The company has no foreign currency hedging policy but will continue to monitor foreign currency risks[60]

Financial Performance - Total revenue increased by approximately 13.79% from HK$70,060,000 to HK$79,720,000 for the six months ending September 30, 2025[4] - Gross profit decreased from HK$14,130,000 to HK$11,640,000, with a gross margin decline from 20.17% to 14.61%[4] - Profit attributable to owners decreased significantly from HK$3,040,000 to HK$750,000 for the six months ending September 30, 2025[5] - Basic and diluted earnings per share decreased to HK$0.03 from HK$0.23 for the six months ending September 30, 2025[7] - The pre-tax profit for the six months ended September 30, 2025, was HKD 747,000, compared to HKD 3,041,000 for the same period in 2024, indicating a decrease of approximately 75.5%[22] Revenue Breakdown - Revenue from creative and technology services increased, partially offset by a decrease in revenue from social media management and digital advertising services[4] - Revenue from digital advertising services for the six months ended September 30, 2025, was HKD 5,553,000, down 16.6% from HKD 6,662,000 in 2024[19] - Social media management services generated revenue of HKD 12,926,000 for the six months ended September 30, 2025, a slight decrease of 5.3% compared to HKD 13,655,000 in 2024[19] - Creative and technology services saw a significant increase in revenue, reaching HKD 61,236,000 for the six months ended September 30, 2025, up 22.9% from HKD 49,739,000 in 2024[19] - The revenue breakdown shows digital advertising at HKD 5,553,000, social media at HKD 12,926,000, and creative services at HKD 61,236,000 for the six months ended September 30, 2025[22] Operating Costs and Expenses - Operating costs increased due to higher service costs and administrative expenses, particularly employee costs[6] - Selling expenses decreased by approximately 17.35% from about HKD 3,020,000 to approximately HKD 2,500,000 during the period[54] - Administrative expenses increased by approximately 6.62% from about HKD 9,290,000 to approximately HKD 9,910,000, primarily due to rising administrative employee costs[55] - Total employee costs amounted to HKD 8,934,000 for the three months ended September 30, 2025, a decrease of 9% from HKD 9,817,000 in the same period of 2024[31] Cash Flow and Liquidity - The company reported a net cash used in operating activities for the six months ended September 30, 2025, was HKD (3,594) million, compared to HKD (1,130) million for the same period in 2024, indicating a worsening cash flow situation[11] - The company’s financing activities generated a net cash inflow of HKD 1,821 million for the six months ended September 30, 2025, down from HKD 11,948 million in the previous year, indicating reduced financing activities[11] - The current liquidity ratio is approximately 2.08, an increase from 1.92 as of March 31, 2025, primarily due to a decrease in current liabilities[65] - The company has no interest-bearing loans or borrowings as of September 30, 2025, maintaining a stable financial position[66] Assets and Liabilities - As of September 30, 2025, total assets amounted to HKD 84,301 million, a slight increase from HKD 83,628 million as of March 31, 2025, reflecting a growth of approximately 0.8%[8] - The company's cash and cash equivalents decreased to HKD 27,588 million from HKD 29,391 million, representing a decline of about 6.1%[11] - Total equity increased to HKD 45,123 million as of September 30, 2025, up from HKD 41,768 million as of March 31, 2025, marking an increase of approximately 8.5%[9] - The total liabilities decreased to HKD 45,123 million as of September 30, 2025, down from HKD 41,768 million, indicating improved financial stability[10] Shareholder Information - The company raised HKD 3,000 million through a new share placement during the reporting period, contributing to the increase in total equity[9] - The company completed a rights issue on September 20, 2024, issuing 16,672,000 shares at a subscription price of HKD 1.04 per share[69] - As of September 30, 2025, the company's issued share capital was approximately HKD 2,948,040, with 30,008,000 shares issued[70] - As of September 30, 2025, the company has a total of 7,476,500 shares held by Mr. Yin Di, representing 24.92% ownership[83] Corporate Governance - The board is committed to adhering to the corporate governance code and has implemented measures to enhance internal control systems[94] - The audit committee consists of three independent non-executive directors, with a focus on financial reporting and internal control oversight[97] - The audit committee has reviewed the unaudited condensed consolidated results for the period and believes they comply with applicable accounting standards[98]

目錄 | 公司資料 | 2 | | --- | --- | | 簡明綜合損益及其他全面收益表 | 3 | | 簡明綜合財務狀況表 | 4 | | 簡明綜合權益變動表 | 6 | | 簡明綜合現金流量表 | 7 | | 簡明綜合財務報表附註 | 8 | | 管理層討論與分析 | 16 | | 企業管治及其他資料 | 20 | 1 大洋環球控股有限公司 公 司 資 料 董 事 會 執 行 董 事 陳 建 峰 先 生 謝 春 霞 女 士 獨 立 非 執 行 董 事 蘇 玉 祺 先 生 李 錦 運 先 生 梁 偉 平 博 士 審 核 委 員 會 蘇 玉 祺 先 生 （ 主席 ） 李 錦 運 先 生 梁 偉 平 博 士 提 名 委 員 會 陳 建 峰 先 生 （ 主席 ） 蘇 玉 祺 先 生 李 錦 運 先 生 C r i c k e t S q u a r e H u t c h i n s D r i v e P O B o x 2 6 8 1 G r a n d C a y m a n KY 1 - 1 1 1 1 C a y m a n I s l a n d s 香 港 總 部 及 主 要 營 業 地 點 薪 ...

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 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 Ocean One Holding Ltd. 大洋環球控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9876） 截 至2025年9月30日 止 六 個 月 之 中 期 業 績 公 告 於2025年9月30日 | | | | | | | | | | | | | | | | | 於2025年 | | 於2025年 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | | | | | ...

Financial Performance - The Group's revenue for the six months ended 30 September 2025 was approximately HK$44,810,000, representing a decrease of approximately 7.7% compared to the same period last year[7]. - The Group's gross profit for the same period was approximately HK$11,620,000, an increase of approximately HK$3,771,000 compared to the previous year[7]. - Profit attributable to owners of the Company for the six months ended 30 September 2025 was approximately HK$3,948,000, down from HK$4,266,000 in the same period last year[7]. - Total comprehensive income for the period was approximately HK$5,023,000, compared to HK$4,754,000 for the same period last year[10]. - Basic and diluted profit per share from continuing operations was HK$0.24 cents, down from HK$0.29 cents in the previous year[10]. - Profit for the period amounted to HK$6,632,000, compared to HK$3,607,000 in the previous period, indicating an increase of approximately 83.5%[15]. - Total comprehensive income for the period reached HK$7,707,000, up from HK$3,607,000, marking a growth of about 114.5%[15]. - The Group recorded a profit of approximately HK$3,948,000 for the six months ended 30 September 2025, a decrease from HK$4,266,000 for the same period in 2024[134]. Assets and Liabilities - Non-current assets totaled approximately HK$246,237,000 as of 30 September 2025, compared to HK$244,063,000 as of 31 March 2025[12]. - Current assets decreased to approximately HK$126,585,000 as of 30 September 2025, down from HK$144,805,000 as of 31 March 2025[12]. - Total current liabilities decreased from HK$54,462,000 to HK$30,710,000, a reduction of approximately 43.6%[13]. - Net current assets increased from HK$90,343,000 to HK$95,875,000, reflecting a growth of about 6%[13]. - Total equity rose from HK$334,066,000 to HK$341,772,000, an increase of approximately 2.1%[13]. - Total liabilities decreased to HK$31,050,000 as of 30 September 2025 from HK$54,802,000 as of 31 March 2025, indicating a reduction of approximately 43.3%[50]. - The total assets less current liabilities increased from HK$334,406,000 to HK$342,112,000, an increase of approximately 2.1%[13]. Cash Flow - For the six months ended September 30, 2025, net cash used in operating activities was HK$893,000, a decrease from HK$6,537,000 generated in the same period of 2024[31]. - Cash flows from investing activities resulted in a net cash outflow of HK$1,636,000, compared to a net inflow of HK$5,037,000 in the prior year[31]. - Cash and cash equivalents were approximately HK$26,412,000 as of 30 September 2025, compared to HK$27,315,000 as of 31 March 2025[12]. - The Group's cash and cash equivalents amounted to approximately HK$26,412,000 as of 30 September 2025, down from HK$27,315,000 as of 31 March 2025[149]. Segment Performance - For the six months ended 30 September 2025, external sales in the Gold and Jewellery Business were HK$27,922,000, a decrease from HK$40,472,000 in the same period of 2024, representing a decline of approximately 30.9%[47]. - The Lending Business generated external sales of HK$50,000 for the six months ended 30 September 2025, compared to HK$311,000 in 2024, indicating a significant decrease of approximately 83.9%[47]. - The Property Management Services Business reported external sales of HK$16,838,000 for the six months ended 30 September 2025, down from HK$7,768,000 in 2024, reflecting an increase of approximately 116.5%[47]. - The segment results for the Gold and Jewellery Business showed a loss of HK$48,000 for the six months ended 30 September 2025, compared to a profit of HK$3,204,000 in 2024[47]. - Profit before tax for the Group was HK$5,016,000 for the six months ended 30 September 2025, compared to a loss before tax of HK$5,684,000 in 2024[47]. Dividends and Recommendations - The Board does not recommend the payment of any interim dividend for the six months ended 30 September 2025[7]. - The Group does not recommend the payment of an interim dividend for the six months ended 30 September 2025, consistent with the previous year[124]. Business Operations - The Group's principal activities include trading of gold and jewellery products, property management, and money lending services[32]. - The Group's operating segments include Gold and Jewellery Business, Lending Business, and Property Management Services Business[39]. - The Group acquired Shenzhen China Brilliant Property Services Company Limited on October 5, 2023, to expand its Property Management Services Business[170]. - Shenzhen CBPS focuses on property management for the producer services industrial zone and provides IoT-related technology development and solutions[171]. - The Group intends to increase its sales efforts in South China to identify more jewellery wholesaler customers and expand its secondary gold sales agency business[167]. - The Group aims to raise the sales proportion to major high-end corporate customers to increase jewellery sales and generate profits[167]. Risk Management - The Group applies the general approach under HKFRS 9, utilizing a "three-stage model" for determining expected credit loss (ECL) on loan receivables[194]. - The allowance for ECL is derived from gross credit exposure, recovery rate, and probability of default[196]. - CBG Finance conducts monthly reviews of loan performance and overall risk profiles of its loan portfolios[188]. - The Group conducted internal risk assessments on loan arrangements, noting that borrowers have substantial investments and assets in the PRC, supporting their financial capability to repay the loans[199]. Other Financial Information - The Group's unaudited consolidated results are prepared in accordance with Hong Kong Financial Reporting Standards and are presented in Hong Kong dollars[33]. - The Group has not adopted any new standards or interpretations that are not yet effective for the current accounting period[37]. - The carrying amounts of the Group's financial assets and liabilities carried at amortised cost were not materially different from their fair values as at 30 September 2025[119]. - There were no significant events after the reporting period[120].

User Metrics - Daily active users reached 117.3 million, a year-over-year increase of 9%[11] - Monthly active users grew to 376 million, a year-over-year increase of 8%[11] - Average daily usage time per user was 112 minutes, an increase of 6 minutes year-over-year[11] Financial Performance - Total net revenue amounted to RMB 7.69 billion (USD 1.08 billion), a year-over-year increase of 5%[12] - Advertising revenue was RMB 2.57 billion (USD 361.0 million), a year-over-year increase of 23%[13] - Gross profit was RMB 2.82 billion (USD 395.8 million), a year-over-year increase of 11%, with a gross margin of 36.7%[11] - Net profit reached RMB 469.4 million (USD 65.9 million), compared to a net loss of RMB 798 million in the same period last year[11] - Adjusted net profit was RMB 786.3 million (USD 110.5 million), a year-over-year increase of 233%[12] Revenue Breakdown - Value-added services revenue was RMB 3.02 billion (USD 424.6 million), a year-over-year increase of 7%[12] - Mobile gaming revenue decreased by 17% to RMB 1.51 billion (USD 212.2 million) due to high base effects from the previous year[13] Operating Expenses - Total operating expenses amounted to RMB 2.46 billion (USD 346.1 million), a decrease of 6% compared to the same period in 2024[14] - Sales and marketing expenses were RMB 1.05 billion (USD 147.6 million), down 13% year-over-year due to reduced gaming marketing expenditures[15] Profitability - Operating profit was RMB 353.9 million (USD 49.7 million), compared to an operating loss of RMB 66.7 million in the same period of 2024[15] - Adjusted operating profit increased by 153% to RMB 687.9 million (USD 96.6 million) compared to the same period in 2024[15] - Adjusted net profit increased by 233% to RMB 786.3 million (USD 110.5 million) compared to the same period in 2024[16] Cash and Investments - Cash and cash equivalents, along with short-term investments, totaled RMB 23.49 billion (USD 3.30 billion) as of September 30, 2025[16] - The company repurchased a total of 6.4 million shares at a total cost of USD 116.4 million under a two-year USD 200 million share repurchase plan approved by the board[17] Earnings Per Share - Basic and diluted earnings per share were RMB 1.13 (USD 0.16) and RMB 1.05 (USD 0.15), respectively, compared to a basic and diluted loss per share of RMB 0.19 in the same period of 2024[16] Future Outlook - The company expects to continue expanding its user base and enhancing content quality, which is crucial for future revenue growth[25] Assets and Liabilities - Total assets increased from RMB 32.70 billion in 2024 to RMB 39.93 billion in 2025, representing a growth of approximately 22.0%[32] - Total liabilities increased from RMB 18.59 billion in 2024 to RMB 25.04 billion in 2025, marking a rise of approximately 34.7%[32] - The company’s equity attributable to shareholders increased from RMB 14.10 billion in 2024 to RMB 14.89 billion in 2025, a growth of about 5.5%[32] - The company’s long-term debt surged from RMB 3.26 billion in 2024 to RMB 8.06 billion in 2025, an increase of approximately 147.0%[32] Conference Call - The company will hold an earnings conference call on November 13, 2025, at 7 AM ET[19]