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。 AINNOVATION TECHNOLOGY GROUP CO., LTD* 及 有 關 2024 年年報之 補充公告 有關收購目標公司一51%股權之須予披露交易之補充協議 本公告乃由創新奇智科技集團股份有限公司（「本公司」）根據香港聯合交易所有限公司證券上市規則 （「上市規則」）第14.36條刊發，此乃考慮到本公告所披露的補充協議構成股份轉讓協議一之重大變 更。除另有定義者外，本公告所用詞彙與本公司日期為2022年5月20日的公告所界定者具有相同 涵義。 創新奇智科技集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2121） 有關收購目標公司一 51% 股權之 須予披露交易之補充協議 本公司與三名賣方（「賣方一」）於2022年5月20日訂立股份轉讓協議（「股份轉讓協議一」）。根據股 份轉讓協議一，本公司同意有條件收購，賣方一同意有條件以總代價人民幣153.0百萬元出讓其持 有浩 ...

Financial Performance - For the six months ended September 30, 2025, the company's revenue was HKD 163,736,000, a decrease of 3.0% from HKD 168,758,000 in the same period of 2024[2]. - The operating profit for the same period was HKD 26,879,000, representing an increase of 5.1% compared to HKD 25,569,000 in 2024[3]. - The profit attributable to shareholders from continuing operations was HKD 18,041,000, up 7.6% from HKD 16,775,000 in the previous year[3]. - The total comprehensive income for the period was HKD 22,361,000, compared to HKD 25,133,000 in 2024, reflecting a decrease of 11.1%[4]. - The company reported a basic earnings per share of HKD 3.7 from continuing operations, compared to HKD 3.4 in the previous year[3]. - Adjusted EBITDA for the reporting segments was HKD 32,920,000, an increase of 10.3% from HKD 29,841,000 year-over-year[19]. - Profit before tax for continuing operations was HKD 26,677,000, an increase of 6.9% compared to HKD 24,955,000 in the previous year[19]. - The group recorded a net profit of approximately HKD 18.0 million for the six months ending September 30, 2025, compared to HKD 14.3 million for the same period in 2024, representing an increase attributed to the cessation of the life entertainment business[49]. Assets and Liabilities - The company's total assets as of September 30, 2025, were HKD 409,790,000, an increase from HKD 396,538,000 as of March 31, 2025[5]. - Current liabilities decreased to HKD 198,714,000 from HKD 264,094,000, indicating improved liquidity[6]. - The net asset value increased to HKD 273,080,000 from HKD 250,719,000, showing a growth of 8.9%[6]. - Total assets for the reporting segments amounted to HKD 423,093,000, down from HKD 456,673,000, reflecting a decrease of 7.3%[18]. - Total liabilities for the reporting segments decreased to HKD 149,979,000 from HKD 211,243,000, a reduction of 29.0%[18]. - Trade and other receivables amounted to HKD 82,269,000 as of September 30, 2025, compared to HKD 74,309,000 as of March 31, 2025[33]. - Trade payables were HKD 25,299,000 as of September 30, 2025, an increase from HKD 20,846,000 as of March 31, 2025[36]. Revenue Streams - The group's revenue from property management contracts in mainland China reached HKD 150,363,000 for the six months ended September 30, 2025, compared to HKD 148,431,000 in the same period of 2024, reflecting a slight increase[16]. - Revenue from value-added services related to property management in mainland China was HKD 13,373,000, down from HKD 20,327,000 year-on-year, indicating a decline of approximately 34%[16]. - The total revenue for the group from customer contracts was HKD 163,736,000 for the current period, compared to HKD 168,758,000 in the previous period, showing a decrease of about 3%[16]. - The company recorded property management contract revenue of approximately HKD 150.4 million for the six months ended September 30, 2025, compared to HKD 148.4 million for the same period in 2024, indicating stability in revenue[47]. - Revenue from property management-related value-added services decreased from HKD 20.3 million for the six months ended September 30, 2024, to HKD 13.4 million for the same period in 2025, a reduction of HKD 6.9 million[48]. Operational Changes - The group has terminated its operations in the life entertainment sector in Hong Kong, which included the sale of food, beverages, and tobacco products[14]. - The company decided to terminate its entertainment business due to ongoing challenges, with operations ceasing after the lease agreement expires in June 2024[41]. - The company maintained a focus on core property management capabilities while implementing strict cost control and streamlined operations[45]. - The group plans to fully terminate its leisure business in Hong Kong by 2024, reallocating resources to more stable and growth-potential core business areas[63]. Cost Management - Financing costs decreased significantly to HKD 202,000 from HKD 614,000, indicating improved financial management[3]. - Employee costs decreased by approximately 3.8% or HKD 2.4 million to about HKD 60.6 million for the six months ending September 30, 2025, primarily due to outsourcing most security services since April 2024[51]. - Utility and maintenance expenses decreased by 12.5% or HKD 2.0 million to HKD 14.0 million for the six months ending September 30, 2025, mainly due to the implementation of energy-saving measures[52]. - Other operating expenses increased by approximately 11.8% or HKD 2.3 million to HKD 21.8 million for the six months ending September 30, 2025, primarily due to increased security costs following outsourcing arrangements[53]. Governance and Compliance - The financial report was prepared in accordance with Hong Kong Accounting Standards (HKAS) 34, ensuring compliance with applicable disclosure requirements[9]. - The group has not adopted any new accounting standards or interpretations that have not yet come into effect during the reporting period[10]. - The audit committee has reviewed the accounting principles and processes adopted by the group and has no objections to the unaudited consolidated results for the six months ending September 30, 2025[70]. - The company has adopted the corporate governance code and confirms compliance with the standards as of September 30, 2025[68]. Future Outlook - The company anticipates continued growth in its core business segments, supported by strategic initiatives and market expansion efforts[18]. - The group is committed to continuously evaluating its strategic development to identify viable opportunities for revenue expansion, including potential business projects and investment plans[60]. - The group remains cautiously optimistic about the profitability prospects of its property management business despite ongoing challenges in the Chinese real estate sector[63]. - The group will continue to evaluate potential business and investment opportunities that align with its core competencies and financial goals[63]. Employee and Workforce - The group has 818 employees as of September 30, 2025, down from 873 employees on March 31, 2025[62].

Financial Performance - The group recorded unaudited revenue of approximately HKD 92.6 million for the six months ended September 30, 2025, representing an increase of about 2.6% compared to HKD 90.2 million for the same period in 2024[12]. - Profit attributable to owners of the company was approximately HKD 4.4 million, reflecting a growth of approximately 100.7% from HKD 2.2 million in the same period last year[12]. - Gross profit for the period was HKD 20.7 million, slightly down from HKD 20.7 million in the prior year, indicating stable gross margins[13]. - The company reported a pre-tax profit of HKD 4.4 million, compared to HKD 1.9 million in the same period last year, showing significant improvement in profitability[13]. - The total comprehensive income attributable to owners of the company for the period was HKD 4.0 million, compared to HKD 1.8 million in the previous year, indicating overall growth[13]. - Basic and diluted earnings per share for the period were HKD 1.0 cents, up from HKD 0.4 cents in the same period last year, reflecting improved earnings performance[13]. - The company reported a profit of HKD 4,369,000 for the six months ended September 30, 2025, compared to a profit of HKD 2,177,000 in the previous period, indicating an increase of 100%[21]. - The company incurred a total comprehensive income of HKD 4,029,000 for the six months ended September 30, 2025, compared to HKD 1,779,000 for the same period in the previous year, indicating a significant increase[21]. Expenses and Cost Management - Administrative expenses decreased to HKD 11.1 million from HKD 13.5 million, reflecting cost control measures implemented by the company[13]. - The company incurred financing costs of HKD 342,000, down from HKD 654,000 in the previous year, indicating improved financial management[13]. - Employee costs, including director remuneration, decreased to HKD 9,436,000 from HKD 11,648,000, a reduction of approximately 19%[48]. - Selling and distribution expenses decreased by approximately 18.6% from about HKD 5.6 million to about HKD 4.5 million, mainly due to reduced marketing expenses[91]. - Total employee costs, including director remuneration, amounted to approximately HKD 9.4 million for the six months ending September 30, 2025, down from approximately HKD 11.6 million for the same period in 2024[111]. Assets and Liabilities - As of September 30, 2025, total assets minus current liabilities amounted to HKD 21,129,000, compared to HKD 17,354,000 as of March 31, 2025, reflecting an increase of 21.5%[18]. - The total equity attributable to the owners of the company reached HKD 21,054,000 as of September 30, 2025, up from HKD 17,025,000, representing a growth of 23.7%[18]. - The company’s current liabilities totaled HKD 44,606,000 as of September 30, 2025, down from HKD 47,682,000, showing a decrease of 6.5%[18]. - The company’s bank borrowings decreased to HKD 15,010,000 as of September 30, 2025, from HKD 19,749,000, reflecting a reduction of 24.1%[18]. - The company has unutilized bank borrowings of HKD 7,000,000 as of September 30, 2025, which is unchanged from the previous period[69]. Revenue Sources and Customer Relations - Major customers contributing over 10% of total revenue included Customer A with HKD 27,869,000 (up from HKD 19,896,000), Customer B with HKD 17,251,000 (down from HKD 36,295,000), and Customer C with HKD 11,727,000[32]. - Revenue from the United States increased significantly to HKD 44,486,000 from HKD 28,785,000, marking a growth of approximately 55% year-over-year[33]. - The company has provided trade credit terms of up to 90 days to its customers, consistent with the previous period[60]. - The company has established strong customer relationships and quality control capabilities, which are seen as competitive advantages in the current market environment[114]. Market and Industry Context - The group recognizes the challenges and opportunities arising from the evolving global apparel industry landscape, particularly due to changes in trade policies and consumer demands[113]. - The group is committed to monitoring market developments closely to assess potential business opportunities and drive sustainable growth[114]. - The group faces significant risks including reliance on major customers and potential disruptions in business relationships, which could adversely affect financial performance[102]. - The group relies heavily on third-party manufacturers for apparel products, and any disruptions in supplier relationships could negatively impact operations[106]. Corporate Governance and Compliance - The board has adopted and complied with the corporate governance code as per GEM Listing Rules, with a noted deviation regarding the roles of Chairman and CEO being held by the same individual[124]. - The Audit Committee has been established, consisting of three independent non-executive directors[127]. - The Audit Committee has reviewed the interim report and the unaudited consolidated results for the six months ending September 30, 2025, confirming compliance with applicable accounting standards and GEM listing rules[127]. - The company has not established an internal audit function as of September 30, 2025, but the board believes that the existing organizational structure and management oversight provide sufficient internal control and risk management[125]. - There are no known conflicts of interest or competitive businesses involving directors or major shareholders as of September 30, 2025[121]. Shareholder Information - As of September 30, 2025, the major shareholder "Three Apples Industries" holds 280,000,000 shares, representing 70% of the issued shares[116]. - The company’s issued and fully paid share capital remained at 400,000 shares with a par value of HKD 0.01 per share as of September 30, 2025[72]. - The group has issued a total share capital of HKD 4,000,000, consisting of 400,000,000 ordinary shares with a par value of HKD 0.01 per share as of September 30, 2025[105].

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。 CHEVALIER INTERNATIONAL HOLDINGS LIMITED 其士國際集團有限公司 * （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） （股份代號：25） 截至二零二五年九月三十日止六個月之 中期業績公佈 其士國際集團有限公司（「本公司」）董事會（「董事會」）欣然公佈，本公司及其附屬 公司（統稱「本集團」）截至二零二五年九月三十日止六個月之未經審核簡明綜合中 期業績，連同二零二四年同期之比較數字如下： 簡明綜合收益表 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 | 港幣千元 | 港幣千元 | | 收入 | 3(a) | 3,932,268 | 4,032,804 | | 銷售成本 | | (3,558 ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 204,253,000, a decrease of 14.5% compared to HKD 238,901,000 for the same period in 2024[4] - Gross profit for the same period was HKD 96,031,000, down 9.4% from HKD 106,041,000 in 2024[4] - The company reported a loss before tax of HKD 40,384,000, an improvement from a loss of HKD 48,075,000 in the previous year, indicating a 16.5% reduction in losses[5] - Total comprehensive loss for the period was HKD 38,767,000, compared to a loss of HKD 44,784,000 in 2024, reflecting a 13.5% improvement[5] - The adjusted loss before tax for the six months ending September 30, 2025, was HKD 40,384,000, compared to an adjusted loss of HKD 48,075,000 for the same period in 2024, reflecting an improvement of approximately 16.5%[20] - The company reported a net loss of HKD 40,452,000 for the six months ending September 30, 2025, compared to a net loss of HKD 48,698,000 for the same period in 2024[29] Revenue Breakdown - Revenue from cosmetics sales was HKD 150,720,000, while women's fashion sales contributed HKD 53,533,000, indicating that cosmetics accounted for approximately 73.7% of total revenue[18] - The cosmetics business generated revenue of HKD 150,720,000, a decline of 15.7% from HKD 178,701,000 in the previous year, with a segment loss of HKD 13,454,000[31] - The fashion business recorded revenue of HKD 53,533,000, down 11.1% from HKD 60,200,000 year-on-year, with a segment loss of HKD 12,705,000[32] Asset and Liability Management - Non-current assets as of September 30, 2025, totaled HKD 605,123,000, a decrease from HKD 629,042,000 as of March 31, 2025[6] - Current liabilities increased to HKD 314,667,000 from HKD 303,875,000, indicating a rise in financial obligations[6] - The net asset value decreased to HKD 40,537,000 from HKD 79,277,000, indicating a significant reduction in equity[7] - The group’s outstanding bank borrowings amounted to HKD 205,422,000, up from HKD 178,095,000 as of March 31, 2025[37] - The current ratio as of September 30, 2025, was 0.53, down from 0.60 on March 31, 2025, indicating a decline in short-term liquidity[37] - The debt-to-equity ratio increased to 5.07 from 2.25 as of March 31, 2025, reflecting a higher level of leverage[37] Cash Flow and Financing - The company has not utilized bank credit facilities amounting to HKD 42,704,000 as of September 30, 2025, highlighting liquidity management efforts[9] - The company is actively negotiating the renewal of existing bank credit and external financing to ensure operational funding for at least the next 12 months[9] - The company’s financing costs for the six months ending September 30, 2025, were HKD 10,836,000, compared to HKD 16,223,000 for the same period in 2024, showing a reduction of approximately 33.3%[20] - The group had bank credit facilities of HKD 250,567,000 as of September 30, 2025, compared to HKD 241,767,000 on March 31, 2025[38] - The group provided guarantees of HKD 262,600,000 for bank credit facilities as of September 30, 2025, an increase from HKD 252,600,000 on March 31, 2025[41] Operational Adjustments - The company has implemented measures to mitigate cash outflows and enhance operational cash flow sensitivity in light of potential risks[9] - The company aims to negotiate reasonable rents and strategically adjust its retail network, with 66 store leases set to expire between November 2025 and October 2026, representing 69% of all store leases[33] - The company plans to enhance its product offerings and improve customer service to increase overall revenue and gross margin[34] - The company will continue to focus on its core retail business while implementing cost control measures and targeted sales strategies to restore profitability[36] Employee and Asset Management - The group employed approximately 730 employees as of September 30, 2025, down from about 850 employees on March 31, 2025[42] - The group had pledged assets amounting to HKD 465,960,000 for general bank credit as of September 30, 2025, a slight decrease from HKD 473,006,000 on March 31, 2025[40] - The total value of the company's investment properties was estimated at HKD 692,324,000 as of September 30, 2025, with unencumbered property valued at approximately HKD 101,957,000[35] Audit and Compliance - The audit committee reviewed the unaudited results for the six months ended September 30, 2025, which were not reviewed by the independent auditor[47] - The company did not purchase, sell, or redeem any of its listed securities during the six-month period ending September 30, 2025[43]

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。 Century Group International Holdings Limited 世紀集 團國際控股 有限公司 （於開曼群島註冊成立之有限公司） (股份代號 : 02113) 截至二零二五年九月三十日止六個月之 中期業績公告 世紀集團國際控股有限公司（「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」）截至二零二五年九月三十日止六個月（「報告期間」）之未經 審核綜合中期業績連同二零二四年同期之比較數字: 財務摘要 ⚫ 本集團於報告期間之收益約為 12,400,000 港元（截至二零二四年九月三十日止六個月： 約 8,300,000 港元）。 ⚫ 於報告期間本公司擁有人應佔虧損約為 1,800,000 港元（截至二零二四年九月三十日止六 個月：約 6,200,000 港元）。 ⚫ 於報告期間之每股基本及攤薄虧損約為 0.2 港仙（截至二零二四年九月三十日止六個 ...

Financial Performance - For the six months ended September 30, 2025, the group's unaudited consolidated revenue was approximately HKD 76.5 million, an increase of about 139.8% compared to HKD 31.9 million for the same period in 2024[3] - The unaudited consolidated profit attributable to the owners of the company for the six months ended September 30, 2025, was approximately HKD 427,000, recovering from a loss of HKD 1.1 million in the same period of 2024[3] - Basic and diluted earnings per share for the six months ended September 30, 2025, were 0.09 HK cents, compared to a loss of 0.23 HK cents per share for the same period in 2024[3] - The total comprehensive income for the period was HKD 1.4 million, compared to HKD 982,000 for the same period in 2024[6] - The group reported a gross profit of HKD 33.7 million for the six months ended September 30, 2025, compared to HKD 27.0 million for the same period in 2024[5] - Operating profit for the period was HKD 3,778,000, compared to an operating loss of HKD 251,000 in the same period last year[19] - The net profit for the period was HKD 665,000, a turnaround from a net loss of HKD 1,104,000 in the previous year[19] Revenue Breakdown - Revenue from the art auction and related business was HKD 38,741,000, up from HKD 29,447,000, reflecting a growth of 31.5% year-over-year[19] - The art sales segment generated HKD 37,518,000, a substantial increase from HKD 2,444,000, indicating a growth of 1435.5%[19] - The gold and gold-related business contributed HKD 215,000, marking its first revenue recognition in this segment[19] - Total external customer revenue from Hong Kong was HKD 42,838,000, significantly up from HKD 14,399,000, while revenue from Japan increased to HKD 33,636,000 from HKD 17,492,000[22] Assets and Liabilities - Total assets as of September 30, 2025, amounted to HKD 453.6 million, an increase from HKD 394.9 million as of March 31, 2025[7] - Total liabilities as of September 30, 2025, were HKD 227.0 million, compared to HKD 170.4 million as of March 31, 2025[8] - The company experienced a significant increase in trade and other receivables, which rose to HKD 221.0 million as of September 30, 2025, from HKD 145.4 million as of March 31, 2025[7] - Trade receivables increased significantly to HKD 21,355,000 as of September 30, 2025, from HKD 10,679,000 as of March 31, 2025, with a net trade receivables amount of HKD 15,904,000[36] - The total trade and other receivables reached HKD 221,013,000 as of September 30, 2025, up from HKD 145,435,000 as of March 31, 2025[36] - Bank borrowings amounted to HKD 34,641,000 as of September 30, 2025, a decrease from HKD 37,327,000 as of March 31, 2025[43] - The company’s total liabilities included trade and other payables of HKD 183,574,000 as of September 30, 2025, compared to HKD 124,549,000 as of March 31, 2025[45] Dividends and Shareholder Information - The company did not declare an interim dividend for the six months ended September 30, 2025, consistent with the previous year[3] - The company did not declare or recommend any dividends for the six months ended September 30, 2025, consistent with the previous year[35] - The company’s weighted average number of ordinary shares remained constant at 500,000,000 shares for both periods[33] - The company has issued a total of 48,000,000 share options, with an exercise price of HKD 0.80 per share, which will expire by April 2029[76] - The company has entered into a placement agreement to issue up to 11,880,000 shares at a placement price of HKD 7.71 per share, which was completed on November 6, 2025[79] Expenses and Costs - Sales and distribution expenses were approximately HKD 13.1 million, reflecting an increase consistent with the rise in revenue during the reporting period[55] - Administrative expenses decreased by approximately 0.6% to about HKD 17.2 million, remaining stable compared to the previous year[56] - The company reported a net financial cost of HKD 308,000, slightly higher than HKD 301,000 in the previous year[26] - The income tax expense for the period was HKD 2,397,000, compared to HKD 440,000 in the same period last year, reflecting increased profitability in Japan[27] - The company incurred a foreign exchange loss of HKD 33,000, down from HKD 109,000 in the previous year[23] - The company recorded financial income of approximately HKD 49,000 and financial costs of approximately HKD 357,000 during the reporting period[57] Strategic Plans and Market Presence - The company plans to expand its market presence by establishing flagship stores and standard stores in high-traffic commercial areas across East Asia, Southeast Asia, and the Middle East[48] - The company aims to enhance its brand image and market share in the Chinese and Japanese art auction markets while diversifying its business scope[47] - The company aims to maintain stable growth and expand its global market presence by developing a dual business ecosystem of "Gold + Auction" to reduce reliance on a single business[80] - The company plans to enrich the variety of auction items to cater to diverse collector tastes while exploring valuable artworks for the auction market[80] Governance and Compliance - The company has adopted the corporate governance code as per the listing rules and has complied with its provisions during the reporting period[82] - The company has established a code of conduct for directors' securities trading, ensuring compliance with the standard code during the reporting period[83] - The audit committee has reviewed the unaudited interim consolidated financial information and found no objections to the accounting treatment adopted during the reporting period[84] Employee and Operational Information - As of September 30, 2025, the group had 36 full-time employees across Japan, Hong Kong, Taiwan, and China[72] - The group reported no significant capital commitments or major investments as of September 30, 2025[65][67] - The group had no contingent liabilities or guarantees provided to third parties as of September 30, 2025[66] - The group has adopted a cautious treasury policy, emphasizing risk control and relevant transactions related to its main business[68] Acknowledgments - The company expresses gratitude to shareholders, business partners, and employees for their support and efforts, looking forward to a successful 2025[86] - The company will distribute its interim report to shareholders in accordance with the listing rules[85]

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。 Yoho Group Holdings Limited 友和集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號： 2347） 截 至 2025年 9月 30日止六個月的中期業績公告 友 和 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（「 董 事 」）會（「 董事會 」）欣 然 宣 佈 本 集 團 截 至 2025年 9月 30日 止 六 個 月（「 報告期 」或 「 25/ 26年上半年 」）的 未 經 審 核 簡 明 綜 合 中 期 業 績（「 中期業績 」）連 同 2024年 同 期（「 24/ 25年上半年 」）的 未 經 審 核 比 較 數 字 。 25/ 26年上半年營運摘要 25/ 26年上半年財務摘要 1 1. 總 商 品 交 易 額（「 總商品交易額 」） （附註 1） 於 25/ 26年上半年 （附註 2） 達 ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 43,601,000, a decrease of 23.7% compared to HKD 57,186,000 for the same period in 2024[4] - Gross profit for the period was HKD 4,038,000, compared to a gross loss of HKD 682,000 in the previous year[6] - Net loss for the six months was HKD 19,040,000, an improvement from a net loss of HKD 23,495,000 in the same period last year[6] - Basic loss per share was HKD (2.988), compared to HKD (3.939) for the previous year[7] - The company reported a total comprehensive loss of HKD 19,452,000 for the period, compared to HKD 22,649,000 in the previous year[6] - The company incurred selling and administrative expenses of HKD 18,906,000, a decrease from HKD 24,958,000 in the previous year[6] - The company reported a pre-tax loss of HKD 18,879,000 for the six months ended September 30, 2025, compared to a loss of HKD 20,999,000 for the same period in 2024, representing a decrease of approximately 10.7%[29] - The basic loss per share for the six months ended September 30, 2025, was HKD 2.988, compared to HKD 3.939 for the same period in 2024, indicating an improvement in loss per share[29] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 104,349,000, down from HKD 114,009,000 as of March 31, 2025[4] - Cash and cash equivalents increased to HKD 34,632,000 from HKD 5,216,000[4] - Total liabilities increased to HKD 114,854,000 from HKD 81,630,000, indicating a rise in financial obligations[8] - The net value of current liabilities was reported at (HKD 13,950,000), compared to (HKD 3,624,000) previously, reflecting a deterioration in liquidity[8] - The company’s equity attributable to shareholders decreased to (HKD 14,769,000) from (HKD 5,437,000), indicating a decline in shareholder value[9] Revenue Segmentation - Revenue from the electronic beauty products segment was HKD 23,244,000, while the information technology services segment generated HKD 20,357,000 for the six months ending September 30, 2025[15] - The major product/service sales in the electronic beauty products segment included HKD 16,473,000 from hair dryers and HKD 3,216,000 from hair straighteners for the six months ending September 30, 2025[15] - The geographical market breakdown for the electronic beauty products segment showed HKD 19,972,000 from Europe and HKD 3,181,000 from Asia for the six months ending September 30, 2025[15] - The information technology services segment reported revenue recognition based on the percentage of completion method when the performance obligations can be reasonably measured[19] Market and Operational Strategy - The company is focusing on improving operational efficiency and exploring new market opportunities[5] - Future outlook includes potential new product developments and market expansion strategies[5] - The company is currently evaluating the potential impact of new Hong Kong Financial Reporting Standards that will take effect from April 1, 2025, on its financial performance and reporting[13] - The company plans to expand its market presence and enhance product offerings in the upcoming quarters[23] - Research and development efforts are focused on new technologies to improve product efficiency and customer satisfaction[23] - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product range[23] Corporate Governance and Compliance - The financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards, ensuring compliance with local regulations[12] - The company is committed to enhancing corporate governance frameworks to ensure accountability, transparency, independence, and fairness, aiming to increase shareholder value[87] - The Audit Committee was established on April 29, 2005, to oversee financial reporting processes, risk management, and internal control systems[89] - The company has established a Remuneration Committee to review and recommend overall remuneration policies and packages for executive directors and senior management[91] - The company has a Risk Management framework in place to identify potential risks and develop action plans to mitigate them, ensuring alignment with business development strategies[94] Employee and Operational Costs - The group’s total employee costs, including directors' remuneration, were HKD 16,171,000 for the six months ended September 30, 2025, compared to HKD 21,604,000 for the same period in 2024, reflecting a decrease of approximately 25%[25] - As of September 30, 2025, the total number of employees in the group is 297, down from 344 as of March 31, 2025[76] Share Issuance and Financial Position - The company issued 60,000,000 new shares at a price of HKD 0.10 per share, with the transaction completed on November 19, 2024[39] - An additional 46,000,000 shares were issued at HKD 0.22 per share, with the transaction completed on April 30, 2025[39] - The total number of shares in issue as of September 30, 2025, is 639,154,000, an increase from 593,154,000 as of March 31, 2025[84] - The company recognizes the potential growth of the blockchain market over the next 5 to 10 years and intends to invest more resources in Web3.0 technology solutions[83] Challenges and Market Conditions - The overall financial performance reflects challenges faced by the company in both product sales and customer retention amid economic uncertainties[45] - The group faced challenges due to global economic uncertainties, including high inflation and geopolitical tensions, which affected consumer sentiment and demand for electronic beauty products[59] - Revenue from the Japanese market, a key source for the Asian region, decreased by 91.2% compared to the previous corresponding period, largely due to a significant drop in revenue from a major customer[48] Future Guidance - The company plans to allocate about HKD 9.8 million for general working capital to support ongoing business operations and meet future financial obligations[101] - The company aims to enhance its capabilities in Web3.0 technology and integrate these solutions with traditional banking platforms[100] - The company plans to focus on developing innovative products in the electronic beauty products segment to meet consumer expectations amid market competition pressures[81]

Financial Performance - For the six months ended September 30, 2025, the company's revenue was RMB 1,115,871, a decrease of 20.6% compared to RMB 1,405,550 for the same period in 2024[2]. - Gross profit for the same period was RMB 198,486, down 42.5% from RMB 344,727 in 2024[2]. - The company reported a profit attributable to equity shareholders of RMB 44,619, compared to a loss of RMB 26,234 in the previous year[3]. - Basic and diluted earnings per share for the period were RMB 0.5, a recovery from a loss of RMB 0.3 per share in 2024[3]. - The group's total revenue for the reporting period was approximately RMB 1,115,900,000, a decrease of 20.6% compared to RMB 1,405,600,000 in the same period last year[38]. - The net profit for the reporting period was approximately RMB 44,600,000, compared to a net loss of RMB 26,200,000 in the previous year[38]. Assets and Liabilities - Total assets as of September 30, 2025, were RMB 2,695,635, a decrease from RMB 2,814,958 as of March 31, 2025[5]. - Current liabilities decreased to RMB 1,403,498 from RMB 1,620,956, indicating improved liquidity[5]. - The company's net current assets increased to RMB 1,292,137 from RMB 1,194,002, reflecting a stronger financial position[5]. - As of September 30, 2025, trade receivables from third parties amounted to RMB 286,156,000, an increase from RMB 231,423,000 as of March 31, 2025[23]. - Total trade receivables and other receivables, net of loss provisions, stood at RMB 970,416,000, slightly down from RMB 971,136,000[23]. - Total bank loans amounted to RMB 663,452,000 as of September 30, 2025, a decrease from RMB 756,530,000 as of March 31, 2025[29]. - The company’s total payables, including trade payables and other payables, were RMB 465,476,000 as of September 30, 2025, down from RMB 571,344,000[28]. Revenue Breakdown - Revenue from contracts with customers for the six months ended September 30, 2025, was RMB 1,134,024,000, a decrease of 17% compared to RMB 1,365,186,000 for the same period in 2024[10]. - External customer revenue for the manufacturing and trading segment was RMB 531,011,000, down 30.9% from RMB 768,671,000 in the previous year[14]. - The retail segment generated external customer revenue of RMB 110,771,000, a slight decrease from RMB 116,166,000 in the prior year[14]. - The wholesale segment reported external customer revenue of RMB 510,970,000, an increase from RMB 500,236,000 year-over-year[14]. - The manufacturing and trading segment generated revenue of approximately RMB 531 million, down 30.9% from RMB 768.7 million in the same period last year due to increased export costs from US tariffs[56]. - Retail business revenue decreased by 4.6% to approximately RMB 110.8 million, down from RMB 116.2 million in the same period last year, primarily due to a shift towards online shopping and e-commerce[57]. - Wholesale business revenue increased by 2.2% to approximately RMB 511 million, compared to RMB 500.2 million in the same period last year, driven by improved customer service and sales efforts in the liquor and beverage sector[58]. Investments and Financial Strategy - The group has established an investment policy focusing on low-risk financial assets, including government bonds and high-rated corporate bonds, to generate stable dividend income[44]. - The group has committed to purchasing financial products from Guomin Trust with a maximum subscription amount of RMB 800,000,000, each with a term of 36 months[49]. - The historical annual yield of Guomin Trust's financial products ranges from 4.55% to 4.93%, indicating a relatively low risk for investment[49]. - The group plans to continue holding investment properties to generate long-term rental income despite a valuation loss of approximately RMB 600,000 during the reporting period[47]. Governance and Compliance - The company has adopted and complied with all provisions of the Corporate Governance Code, except for a deviation regarding the separation of roles between the Chairman and CEO[67][68]. - The Audit Committee has reviewed the unaudited condensed consolidated interim financial statements for the six months ended September 30, 2025, and believes they are prepared in accordance with applicable accounting standards[69]. - The board of directors has confirmed that all directors complied with the Standard Code of Conduct for Securities Transactions throughout the reporting period[70]. - The board consists of executive directors and independent non-executive directors, ensuring proper governance and oversight[68][69]. - The company emphasizes transparency and accountability to enhance investor confidence[67]. Future Outlook - The company remains optimistic about the profitability and growth of its manufacturing and trading business despite challenges from tariffs, inflation, and geopolitical tensions[60]. - The retail business is adapting to changing consumer behaviors by adjusting promotional strategies and sourcing fresh food directly from suppliers to manage costs[61]. - The company will continue to monitor the US-China trade war and global financial market fluctuations to support ongoing business growth and performance improvement[61]. - The group aims to develop and introduce innovative products that meet the evolving needs of different customer segments while expanding into existing and emerging markets[60].