( 股份代號 : 237 ) 2025/26 中期報告 公司業績 截至二零二五年九月三十日止六個月，安全貨倉有限公司（「本公司」），連同其附屬公司統 稱（「本集團」）錄得本公司股東應佔虧損17,560,000港元（二零二四年同期：溢利184,000港 元），由盈轉虧。期內總收入由93,409,000港元減少10%至84,100,000港元。本集團於期內錄 得每股虧損4.34港仙，而去年同期則錄得每股盈利0.05港仙。 扣除投資物業公平值虧損後，本集團之除稅後核心溢利（非香港財務報告準則財務計量指 標）由二零二四年同期73,884,000港元增加至本期之96,140,000港元。 本集團錄得稅前虧損7,213,000港元（二零二四年同期：溢利7,351,000港元）及稅後淨虧損 17,560,000港元（二零二四年同期：溢利184,000港元）。 中期股息 本公司董事會（「董事會」）宣佈派發期內之中期股息每股3港仙（二零二四年同期：每股3港 仙）予二零二五年十二月十九日名列本公司股東名冊內之股東。中期股息將於二零二六年 一月十四日派發。 業務回顧 貨倉營運分部 期內，本集團之貨倉營運分部業績較去年同期略有改善， ...

目錄 | | 頁次 | | --- | --- | | 公司資料 | 02 | | 管理層討論及分析 | 03 | | 企業管治及其他資料 | 16 | | 簡明綜合財務報表審閱報告 | 28 | | 簡明綜合損益及其他全面收益表 | 30 | | 簡明綜合財務狀況表 | 32 | | 簡明綜合權益變動表 | 34 | | 簡明綜合現金流量表 | 36 | | 簡明綜合財務報表附註 | 39 | 公司資料 董事會 執行董事 高黎雄博士 （主席兼行政總裁） 張美蘭女士 非執行董事 高俊傑先生 獨立非執行董事 陳昌達先生 謝嘉穎女士 何志誠先生 審核委員會 謝嘉穎女士 （主席） 陳昌達先生 高俊傑先生 薪酬委員會 何志誠先生 （主席） 陳昌達先生 高黎雄博士 提名委員會 陳昌達先生 （主席） 何志誠先生 高黎雄博士 謝嘉穎女士 授權代表 高黎雄博士 鄭志偉先生 公司秘書 鄭志偉先生 合規主任 鄭志偉先生 主要往來銀行 註冊辦事處 Windward 3, Regatta Office Park PO Box 1350 Grand Cayman KY1-1108 Cayman Islands 總部及香港主要營業地點 ...

Financial Performance - The company's revenue for the six months ended September 30, 2025, was HKD 219,124,000, a decrease of 63.24% compared to HKD 595,834,000 for the same period in 2024[3] - Gross profit for the same period was HKD 44,285,000, down 50.14% from HKD 88,235,000 in 2024[3] - The profit before tax decreased to HKD 20,558,000, representing a decline of 68.32% from HKD 64,869,000 in the previous year[3] - The net profit for the period was HKD 18,428,000, a decrease of 67.96% compared to HKD 55,798,000 in 2024[3] - Basic and diluted earnings per share were HKD 1.53, down from HKD 5.41 in the same period last year[3] - Total comprehensive income for the period was HKD 22,329,000, a decline of 65.16% from HKD 64,103,000 in 2024[5] - Revenue from construction contracts for the six months ended September 30, 2025, was HKD 219,124,000, down 63.3% from HKD 595,834,000 in the same period of 2024[21] - Other income, including interest income, decreased to HKD 1,161,000 from HKD 8,616,000, marking a decline of 86.5% year-over-year[21] - The company’s profit attributable to owners for the six months ended September 30, 2025, was HKD 17,724,000, a decrease of 67.8% compared to HKD 55,061,000 for the same period in 2024[26] - The basic earnings per share for the six months ended September 30, 2025, was HKD 0.0153, down from HKD 0.0540 in 2024, based on a weighted average of 1,154,945,765 shares[27] - The renewable energy business recorded total revenue of approximately HKD 219,124,000, a decrease of about 63.2% compared to HKD 595,834,000 in the same period last year[40] Assets and Liabilities - Non-current assets increased to HKD 50,245,000 as of September 30, 2025, compared to HKD 44,889,000 as of March 31, 2025[6] - Current assets totaled HKD 700,001,000, down from HKD 761,696,000 at the end of March 2025[6] - Total liabilities decreased to HKD 354,069,000 from HKD 430,784,000 in the previous period[6] - The company's equity increased to HKD 396,177,000 as of September 30, 2025, compared to HKD 375,801,000 as of March 31, 2025[7] - The total trade receivables as of September 30, 2025, amounted to HKD 275,806,000, a decrease from HKD 291,314,000 as of March 31, 2025[29] - The provision for expected credit losses on trade receivables increased to HKD 32,366,000 as of September 30, 2025, from HKD 32,084,000 at the beginning of the period[30] - The total bank and other borrowings as of September 30, 2025, was HKD 104,886,000, an increase from HKD 94,358,000 as of March 31, 2025[32] - The aging analysis of trade payables as of September 30, 2025, showed a total of HKD 148,200,000, down from HKD 234,520,000 as of March 31, 2025[31] - The capital-to-debt ratio was approximately 30.6%, slightly up from about 29% at the end of the previous period[48] Cash Flow - For the six months ended September 30, 2025, the net cash generated from operating activities was HKD 5,629,000, a significant decrease from HKD 30,617,000 in the same period of 2024, representing an 81.6% decline[10] - Total cash and cash equivalents increased by HKD 46,651,000 to HKD 127,323,000 as of September 30, 2025, compared to HKD 159,976,000 at the end of the previous period[10] - Cash and cash equivalents increased to approximately HKD 127,323,000 from HKD 80,672,000, representing a growth of about 6.9%[46] Operational Overview - The company operates primarily in the renewable energy sector, focusing on providing one-stop value-added solutions for photovoltaic power stations and selling patented photovoltaic tracking support systems[14] - The majority of external customer revenue is derived from mainland China, with total revenue from this region being HKD 219,124,000 for the current period[17] - The group’s non-current assets are located in Hong Kong and China, indicating a strong regional focus on its operational base[18] - The company has implemented strict monitoring of trade receivables to minimize credit risk, with credit terms generally ranging from 30 to 90 days[29] - The cost of construction materials and supplies was HKD 110,465,000, down 65.1% from HKD 316,653,000 in the previous year[23] - The group reported a pre-tax loss for the six months ended September 30, 2025, with total expenses amounting to HKD 174,839,000, a decrease from HKD 507,599,000 in the same period of 2024[23] - Contract costs amounted to approximately HKD 174,839,000, down from HKD 507,599,000 in the previous year[41] - Administrative and other operating expenses totaled approximately HKD 23,507,000, a reduction of about 20.3% from HKD 29,482,000 in the same period last year[42] - Financing costs decreased by approximately 44.8% to HKD 1,381,000 from HKD 2,500,000 in the previous year[43] Shareholder Information - The company did not declare or pay any dividends for the six months ended September 30, 2025, and 2024[28] - The company’s weighted average number of shares increased from 1,017,761,858 in 2024 to 1,154,945,765 in 2025, reflecting a share issuance[26] - As of September 30, 2025, Mr. Wu Jianong held 749,986,515 shares, representing 61.12% of the company's equity[57] - The major shareholder, Zhenjie Limited, held 739,375,515 shares, accounting for 60.26% of the company's equity[59] - A share incentive plan was adopted on September 24, 2024, allowing for a maximum of 10% of the issued share capital (122,700,000 shares) to be awarded[60] - A total of 74,350,000 shares have been purchased in the market under the share incentive plan since its adoption, with no shares granted as rewards to date[62] - The share incentive plan allows for a maximum of 1% of the company's issued share capital to be granted as reward shares or options to selected participants[61] - The share incentive plan is effective for a period of 10 years starting from September 24, 2024[62] Governance and Compliance - The company has complied with all applicable corporate governance codes, except for the separation of the roles of Chairman and CEO, which are held by the same individual since August 11, 2016[54] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2025, and confirmed compliance with applicable accounting standards[66] - The company has adopted the GEM Listing Rules regarding the code of conduct for securities trading by directors, with all directors confirming compliance for the six months ending September 30, 2025[65] - There are no significant events that require disclosure after September 30, 2025, up to the report date[67] - The company has no significant investments, acquisitions, or disposals of subsidiaries or associates during the reporting period[50] - There are no significant contingent liabilities or capital commitments as of the reporting date[51][52] Employment - As of September 30, 2025, the group had 173 employees, an increase from 162 employees as of March 31, 2025[53]

公司資料 公司名稱 中國融眾金融控股有限公司 股份代號 03963 董事會 執行董事 黃凱恩女士 非執行董事 劉曉峰先生 黃悅怡女士 黃逸怡女士 黃銘斌先生 獨立非執行董事 李志榮先生 廖子慧先生 吳旭洋先生 審核委員會 李志榮先生（主席） 劉曉峰先生 廖子慧先生 吳旭洋先生 黃銘斌先生 提名委員會 廖子慧先生（主席） 劉曉峰先生 李志榮先生 吳旭洋先生 黃逸怡女士 薪酬委員會 廖子慧先生（主席） 劉曉峰先生 李志榮先生 吳旭洋先生 黃逸怡女士 風險管理委員會 公司秘書 鄭景暉先生 註冊辦事處 Vistra (Cayman) Limited P.O. Box 31119 Grand Pavilion Hibiscus Way, 802 West Bay Road, Grand Cayman KY1-1205 Cayman Islands 香港主要營業地點 香港 金鐘道89號 力寶中心，第1座 39樓3901室 公司網站 www.chinarzfh.com 核數師 大華馬施雲會計師事務所有限公司 執業會計師 法律顧問 黃凱恩女士（主席） 廖子慧先生 黃逸怡女士 黃銘斌先生 莊鄭律師事務所 股份過戶登記總處 Vi ...

C M Y CM MY CY CMY K VIHL Interim Report A4 Cover 2025_26 FA2_v1b.pdf 1 21/11/2025 3:55 PM For the interim financial period, the Group recorded a 6% decrease in revenue, primarily due to challenges faced by the Chinese Mainland operations, which were affected by softer market conditions. External macro and competitive environment are evolving rapidly. Despite the short-term challenges, we remain confident in our long-term potential for continuous scaling up. 於中期財務期間，本集團錄得收入減少6%，主要由於中國內地業務受市況疲弱影 響，表現面臨挑戰。外部宏 ...

CONTENTS 目錄 | CORPORATE INFORMATION AND KEY DATES 公司資料及重要日期 | 2 | | --- | --- | | FINANCIAL HIGHLIGHTS 財務摘要 | 4 | | UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 未經審核簡明綜合財務報表 | | | Condensed Consolidated Statement of Profit or Loss 簡明綜合損益表 | 5 | | Condensed Consolidated Statement of Comprehensive Income 簡明綜合全面收益表 | 7 | | Condensed Consolidated Statement of Financial Position 簡明綜合財務狀況表 | 8 | | Condensed Consolidated Statement of Changes in Equity 簡明綜合權益變動表 | 10 | | Condensed Consolidated Statement of ...

股份代號 2025/26 中期業績報告 Interim Report Corporate Information 公司資料 BOARD OF DIRECTORS EXECUTIVE DIRECTORS Sun Tao Hung Stanley (Deputy Chairman and Chief Executive Officer) Sun Tao Hsi Ryan Chan Wai Kwan Rita NON-EXECUTIVE DIRECTORS Sun Tai Lun Dennis (Chairman) Fung Yue Chun Stephen INDEPENDENT NON-EXECUTIVE DIRECTORS Lau William Wayne Li Ka Fai David Liu Jian Hui Allan Wong Chi Yun Allan COMPANY SECRETARY Chan Wai Kwan Rita PRINCIPAL BANKERS Bank of China (Hong Kong) Limited Industrial and Commercial Bank of C ...

CONTENTS 目錄 | Corporate Information | | | --- | --- | | 企業信息 | 2 | | Financial Highlights | | | 財務摘要 | 4 | | Management Discussion and Analysis | | | 管理層討論及分析 | 5 | | Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | | | 簡明綜合損益及其他全面收益表 | 9 | | Condensed Consolidated Statement of Financial Position | | | 簡明綜合財務狀況表 | 10 | | Condensed Consolidated Statement of Changes in Equity | | | 簡明綜合權益變動表 | 11 | | Condensed Consolidated Statement of Cash Flows | | | 簡明綜合現金流量表 | 13 | | Not ...

(Incorporated in the Cayman Islands with limited liability) | Stock Code : 1651 (於開曼群島註冊成立的有限公司) | 股份代號 : 1651 津上精密機床（中國）有限公司是日本著名數控高精密機床廠家株式會社 ツガミ（「日本津上」或「控股股東」）設立的中國事業的附屬公司，二零零 三年開業以來，經過22年的快速發展，已成長為中國機床市場最大的外 資品牌的數控機床製造商*。 2025 中期報告 Interim Report INTERIM REPORT 2025 中期報告 Precision Tsugami (China) Corporation Limited is a subsidiary established by Tsugami Corporation 株式會社ツガミ ("Tsugami Japan" or "Controlling Shareholder"), a renowned Japanese CNC high precision machine tool manufacturer, for its Chinese u ...

二零二五 二零二六年度中期報告 網址：www.stelux.com 中期報告 截至2025年9月30日止六個月 寶光實業（國際）有限公司（「本公司」的董事會（「董事會」）提呈本公司及其附屬公司（以下合稱「本 集團」）截至2025年9月30日止六個月（「期內」）的未經審核綜合中期業績及財務資料。本集團截 至2025年9月30日止六個月的未經審核簡明綜合損益表及全面收益表、於2025年9月30日的未 經審核簡明綜合財務狀況表、截至2025年9月30日止六個月未經審核簡明綜合現金流量表及未 經審核簡明綜合權益變動表以及有關附註載列如下。 簡明綜合損益表及全面收益表 截至2025年9月30日止六個月 | | | 未經審核 | | | --- | --- | --- | --- | | | | 截至9月30日止六個月 | | | | | 2025年 | 2024年 | | | 附註 | 港幣仟元 | 港幣仟元 | | 收入 | 2 | 296,930 | 302,242 | | 銷售成本 | | (170,304) | (160,323) | | 毛利 | | 126,626 | 141,919 | | 其他（虧損）╱ ...