Revenue Performance - Revenue for the six months ended September 30, 2025, was HKD 171,662,000, a decrease of 20.9% compared to HKD 217,328,000 for the same period in 2024[3] - For the six months ended September 30, 2025, the total revenue was HKD 171,662,000, a decrease of 21% compared to HKD 217,328,000 for the same period in 2024[20] - The revenue from the Hong Kong market for the six months ended September 30, 2025, was HKD 162,734,000, down from HKD 200,910,000 in 2024, representing a decline of 18.9%[20] - The segment revenue from brokerage was HKD 42,910,000 for 2025, down from HKD 60,863,000 in 2024, representing a decline of 29.6%[13][15] Profit and Earnings - The net profit for the period was HKD 49,539,000, a slight decrease of 2.5% compared to HKD 50,831,000 in the same period last year[3] - Basic earnings per share increased to HKD 8.0, up from HKD 6.5, representing a growth of 23.1%[4] - Profit attributable to the company's owners for the same period was approximately HKD 49.5 million, an increase from HKD 31.4 million in 2024, primarily due to a reduction in impairment losses on receivables from margin clients and the acquisition of non-controlling interests in a subsidiary[44] - The pre-tax profit for the six months ended September 30, 2025, was HKD 65,824,000, compared to HKD 63,508,000 for the same period in 2024, showing a slight increase of 3.6%[15] Comprehensive Income - Total comprehensive income for the period was HKD 68,209,000, down 18.7% from HKD 83,885,000 in the previous year[4] - The company's profit attributable to equity holders for the six months ended September 30, 2025, was HKD 49,512,000, compared to HKD 31,418,000 for the same period in 2024, representing a year-over-year increase of 57.6%[26] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 5,446,831,000, a decrease from HKD 5,517,675,000 as of March 31, 2025[5] - The total liabilities as of September 30, 2025, were HKD 476,910,000, down from HKD 700,193,000 as of March 31, 2025, indicating a reduction of 31.9%[17] - Non-current assets decreased to HKD 1,690,728,000 from HKD 1,806,168,000, reflecting a decline of 6.4%[5] - Total accounts receivable as of September 30, 2025, amounted to HKD 2,025,818,000, down from HKD 2,291,132,000 as of March 31, 2025, indicating a decrease of 11.6%[29] Dividends - The company declared dividends of HKD 61,820,000, an increase from HKD 48,314,000 in the previous year, reflecting a growth of 28.1%[4] - The company proposed an interim dividend of HKD 30,910,000 for the six months ended September 30, 2025, compared to no interim dividend in the same period of 2024[24] - The company declared an interim dividend of HKD 0.05 per share for the six months ended September 30, 2025, to be paid on or around December 30, 2025[42] Risk Management and Future Outlook - The company maintained a cautious and balanced risk management approach, regularly reviewing and adjusting business strategies[58] - The management remains cautiously optimistic about future business development and overall performance[58] Employee Compensation - The total employee compensation cost for the period was approximately HKD 9,300,000, down from HKD 12,200,000 in the previous year[65] Other Financial Metrics - The average daily turnover of the main board and GEM increased by 116.6% to approximately HKD 262.3 billion during the six months ended September 30, 2025, compared to approximately HKD 121.1 billion in the previous fiscal period[46] - The group has no mortgaged assets for obtaining bank credit as of September 30, 2025[63] - The company had no significant contingent liabilities as of September 30, 2025[62] - There were no major acquisitions or disposals of subsidiaries, associates, or jointly controlled entities during the period[64]

香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所 上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險， 並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣之 證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市 場。 香港交易及結算所有限公司以及聯交所對本報告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本報告全部或任何部分內容而產生或 因倚賴該等內容而引致之任何損失承擔任何責任。 本報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）之規定而提供有關毅高（國 際）控股集團有限公司（「本公司」）之資料。本公司各董事（「董事」）願就本報告共同 及個別承擔全部責任，並於作出一切合理查詢後，確認就彼等所深知及確信：本報 告所載資料在各重大方面均屬準確及完整，且無誤導或欺詐成分；亦無遺漏任何其 他事項致使本報告所載任何聲明或本報告產生誤導。 財務摘要 3 毅高（國際）控股集團有限公司 / 中期報告2025 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 截至二零二五年九月三十日止六個月之業績公佈 修身堂控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司 及其附屬公司截至二零二五年九月三十日止六個月之中期業績。本公佈列載本公 司二零二五年中期業績報告全文，並符合香港聯合交易所有限公司（「聯交所」） GEM證券上市規則（「GEM上市規則」）中有關中期業績初步公佈附載資料之要求。 承董事會命 梅偉琛 香港，二零二五年十一月二十七日 於本公佈發表日期，董事會成員包括執行董事：梅偉琛先生及李錦晉先生；獨立非 執行董事：區兆倫先生、鄭振康先生及曾芷諾女士。 本公佈（董事願共同及個別對此負全責）乃遵照GEM上市規則之規定而提供有關 本公司的資料。董事經作出一切合理查詢後確認，就彼等所深知及確信，本公佈所 載資料在各重大方面均屬準確及完整，且無誤導或欺詐成份，及並無遺漏任何其 他事項，致使本公佈所載任何陳述或本公佈產生誤導。 本公佈將自其發出日期起 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 （於百慕達註冊成立之有限公司） （股份代號：621） 截至二零二五年九月三十日止六個月 中期業績公告 中期業績 Taung Gold International Limited（壇 金 礦 業 有 限 公 司*）（「本公司」）董 事 會（「董事會」 欣 然 宣 佈 本 公 司 及 其 附 屬 公 司（統 稱「本集團」）截 至 二 零 二 五 年 九 月 三 十 日 止 六 個 月 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）如 下： – 2 – 未經審核簡明綜合財務狀況表 於二零二五年九月三十日 | | | | | | | | 二零二五年 | | | | | | | 二零二五年 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任 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。 資本策略地產有限公司 * CSI PROPERTIES LIMITED （於百慕達註冊成立之有限公司） （股份代號：497） （認股權證代號：2612） 中期業績公告 截至二零二五年九月三十日止六個月 資本策略地產有限公司（「本公司」）的董事會欣然宣佈本公司及其附屬公司（統稱 為「本集團」）截至二零二五年九月三十日止六個月的未經審核簡明綜合業績。 管理層討論及分析 業務回顧 截至二零二五年九月三十日止中期期間，本集團的收益為124,100,000港元，而上 一個中期期間為143,000,000港元。截至二零二五年九月三十日止中期期間，本集 團錄得未經審核簡明綜合虧損為557,900,000港元，而上一個中期期間綜合虧損為 914,600,000港元。綜合虧損主要可歸因於本集團持作出售物業之撇減以及合營企 業及聯營公司物業之減值撥備約287,400,000港元。本集團持作出售物業之撇減以 及合營企業及聯營 ...

Revenue and Profitability - Revenue for the six months ended September 30, 2025, was HKD 20.7 million, a decrease of 7.9% compared to HKD 22.4 million for the same period in 2024[2] - Gross profit decreased by 23.9% to HKD 9.3 million from HKD 12.3 million year-on-year[2] - Loss attributable to equity shareholders was HKD 12.4 million, a 36.7% improvement from a loss of HKD 19.6 million in the previous year[2] - Basic and diluted loss per share improved to HKD 0.26 from HKD 0.41, reflecting a 36.7% reduction in loss per share[2] - Operating loss for the period was HKD 18.5 million, compared to HKD 22.8 million in the previous year[3] - Total comprehensive loss for the period was HKD 11.5 million, down from HKD 19.7 million in the previous year[4] - The total loss before tax for the six months ended September 30, 2025, was HKD 12,580,000, compared to a loss of HKD 19,679,000 for the same period in 2024[22] - The company reported a net loss of HKD 12,639,000 for the six months ended September 30, 2025, compared to a net loss of HKD 19,679,000 in the previous year[22] Revenue Breakdown by Segment - For the six months ended September 30, 2025, total revenue from customer contracts was HKD 20,660,000, a decrease of 7.8% compared to HKD 22,423,000 for the same period in 2024[15] - The segment revenue for CMDS was HKD 5,869,000, down 28.5% from HKD 8,186,000 in the previous year[19] - The logistics services segment reported revenue of HKD 1,236,000, a decrease of 9.2% from HKD 1,361,000 in the prior year[19] - Revenue from the sale of recycled paper and materials increased to HKD 13,355,000, up 10.7% from HKD 12,065,000 in the previous year[19] - Revenue from the sales of recycled paper increased by HKD 1,313,000 or 11.0% to HKD 13,275,000, driven by a 10.4% increase in sales volume[49] - CMDS service revenue decreased by HKD 2,317,000 or 28.3% to HKD 5,869,000 due to reduced income from non-paper destruction projects[50] Assets and Liabilities - Non-current assets amounted to HKD 222.5 million, slightly down from HKD 224.9 million as of March 31, 2025[5] - Current assets decreased to HKD 44.9 million from HKD 56.6 million, primarily due to a reduction in cash and bank deposits[5] - The net value of trade receivables as of September 30, 2025, was HKD 4,819,000, an increase from HKD 4,219,000 as of March 31, 2025[35] - The company had a total of HKD 5,457,000 in trade receivables as of September 30, 2025, an increase from HKD 4,857,000 as of March 31, 2025[35] - The company recognized a total impairment of HKD 638,000 against trade receivables as of both September 30, 2025, and March 31, 2025[36] - As of September 30, 2025, the company's accounts payable amounted to HKD 1,349,000, with overdue payments exceeding 120 days totaling HKD 503,000[37] - The net debt balance as of September 30, 2025, was HKD 17,900,000, an increase from HKD 7,300,000 as of March 31, 2025, with a debt-to-equity ratio of 8.6%[56] Income and Expenses - Other income increased significantly to HKD 2.675 million from HKD 0.399 million, indicating a strong growth in non-operating revenue[3] - Other income for the six months ended September 30, 2025, was HKD 2,675,000, compared to HKD 399,000 in the same period of 2024[20] - The financing income for the six months ended September 30, 2025, was HKD 328,000, a decrease from HKD 1,721,000 in the previous year[22] - The group recorded a significant decrease in corporate expenses by HKD 7,324,000 or 29.3%, primarily due to reduced depreciation and amortization expenses related to its Tseung Kwan O property[46] - Sales, distribution, administrative, and other operating expenses totaled HKD 30,500,000, a decrease of HKD 4,900,000 or 13.8% due to reduced depreciation and amortization expenses[53] - The group reported an EBITDA loss of HKD 6,800,000, slightly increasing by HKD 100,000 from the previous period's loss of HKD 6,700,000[54] Dividends and Share Options - The company did not recommend any interim dividend for the six months ended September 30, 2025[2] - The company has not declared or paid any dividends for the six months ended September 30, 2025, consistent with the previous period[41] - The company has not granted, exercised, or canceled any share options under its share option scheme since its adoption on August 30, 2023[41] Future Outlook and Strategic Plans - The company expects that the application of new IFRS standards will not have a significant impact on the consolidated financial statements in the foreseeable future[11] - The company is currently evaluating the specific impact of new IFRS standards on future consolidated financial statements[11] - The company plans to return the lease of its Tseung Kwan O headquarters to alleviate long-term financial pressure, with the move expected to enhance operational efficiency[45] - The group anticipates stable revenue sources from its high-quality CMDS services and efficient logistics fleet, with growth opportunities from the expanded regulatory scope for electronic waste recycling in Hong Kong and the mainland China market[62] Corporate Governance - The audit committee consists of three independent non-executive directors and two non-executive directors, overseeing the review of the unaudited interim results for the six months ending September 30, 2025[67] - No purchases, sales, or redemptions of the company's listed securities occurred during the six months ending September 30, 2025[68] - The interim results announcement is available on the company's website and the designated website of the Hong Kong Stock Exchange[69]

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 44,919,000, an increase of 8.0% compared to HKD 41,304,000 for the same period in 2024[4] - The company reported a loss attributable to owners of the company of HKD 3,962,000 for the period, a decrease in loss compared to HKD 4,258,000 in the previous year[4] - The basic and diluted loss per share for the period was HKD (0.65), an improvement from HKD (0.72) in the previous year[4] - The group reported a pre-tax loss of HKD 722 for the six months ended September 30, 2025, compared to a pre-tax loss of HKD 3,436 for the same period in 2024[15] - The company reported a loss attributable to shareholders of HKD 3,962,000 for the six months ended September 30, 2025, compared to a loss of HKD 4,258,000 for the same period in 2024, indicating a decrease in losses of approximately 6.96%[23] - The company reported a loss of approximately HKD 0.7 million for the reporting period, a decrease from a loss of approximately HKD 3.4 million in the same period last year[48] Cash Flow and Liquidity - The net cash flow from operating activities was approximately HKD 8,260,000, indicating positive cash generation despite the reported loss[8] - The company maintained cash and cash equivalents of approximately HKD 10,266,000 as of September 30, 2025, compared to HKD 7,972,000 at the end of March 2025[5] - The company regularly monitors its liquidity needs to ensure sufficient cash reserves for short-term and long-term obligations[58] - As of September 30, 2025, the company's cash and cash equivalents totaled approximately HKD 10.3 million, an increase of about HKD 2.3 million from approximately HKD 8.0 million as of March 31, 2025[50] Assets and Liabilities - Current liabilities net value was approximately HKD (31,706,000), an improvement from HKD (39,561,000) in the previous period[5] - The total assets less current liabilities stood at HKD 30,427,000, slightly up from HKD 30,289,000 in the previous period[5] - Total assets as of September 30, 2025, were HKD 82,851, a decrease from HKD 85,545 as of March 31, 2025[16] - The group’s total liabilities as of September 30, 2025, were HKD 65,281, compared to HKD 67,583 as of March 31, 2025[16] - The company's debt-to-equity ratio as of September 30, 2025, was approximately 272%, up from approximately 239% as of March 31, 2025[50] Revenue Breakdown - For the six months ended September 30, 2025, total revenue from external customers was HKD 44,919, with leasing services contributing HKD 18,745 and debt collection services contributing HKD 26,174[14] - The group’s debt collection service revenue increased to HKD 14,891 for the six months ended September 30, 2025, up from HKD 10,321 in the same period of 2024[17] - The group’s leasing service revenue decreased to HKD 11,209 for the six months ended September 30, 2025, down from HKD 13,513 in the same period of 2024[17] - Debt collection services contributed approximately HKD 26.2 million to the company's revenue during the reporting period, enhancing the leasing business ecosystem[42] Cost Management - The group implemented active cost-saving measures to control administrative costs and improve cash flow and financial condition[10] - Personnel costs decreased to approximately HKD 12.7 million, down about 3.3% from approximately HKD 13.1 million in the same period last year, primarily due to a reduction in staff numbers[43] - Other operating expenses increased to approximately HKD 7.4 million, up about 1.5% from approximately HKD 7.2 million in the same period last year[44] - The total cost of acquiring property, plant, and equipment was approximately HKD 11,298,000 for the six months ended September 30, 2025, down from HKD 15,494,000 in the same period of 2024, representing a decrease of about 27.06%[25] Financing and Investment - The company has unused and available financing totaling HKD 41,739,000 as of September 30, 2025, which includes HKD 13,516,000 from a related company[9] - The company extended a loan financing of RMB 20,000,000 from a related company, maturing on October 21, 2026, to improve working capital[8] - The company plans to issue convertible bonds worth HKD 35,000,000, which was approved by independent shareholders at a special meeting held on October 30, 2025[37] - The company is exploring investment opportunities that benefit shareholders, with no major acquisitions or disposals reported during the period[60] Risk Factors - The company faces increased credit risk due to the economic slowdown and higher default risks among small and medium-sized enterprises (SMEs)[55] - The company has significant interest expenses related to bank borrowings, and interest rate fluctuations directly impact financing costs and profitability[56] - The company is exposed to foreign exchange risks primarily from transactions denominated in RMB and USD, with no current hedging policies in place[57] Corporate Governance - The company is committed to good corporate governance practices and has adopted a board diversity policy to enhance performance quality[64] - The company emphasizes the importance of a diverse board to maintain competitive advantages and regularly reviews its composition for improvements[65] - The audit committee was established on December 18, 2015, and is responsible for reviewing the group's financial information and overseeing the financial reporting system[66] - The audit committee includes two non-executive directors and three independent non-executive directors, with Mr. Li as the chairman[66] - The interim financial statements for the six months ending September 30, 2025, were reviewed by the audit committee before formal approval by the board[68] Shareholder Communication - The company did not declare or propose any dividends to ordinary shareholders for the six months ended September 30, 2025, consistent with the previous year[21] - The interim report will be sent to shareholders and published on the company's website and the Hong Kong Stock Exchange website[71]

Financial Performance - The Group's revenue increased from approximately HK$75.6 million for the six months ended 30 September 2024 to approximately HK$82.0 million, representing an increase of approximately 8.4%[11] - The Group's gross profit rose by approximately 11.8%, from approximately HK$25.3 million for the six months ended 30 September 2024 to approximately HK$28.2 million for the same period in 2025[11] - The gross profit margin improved to approximately 34.4% for the six months ended 30 September 2025, compared to 33.4% for the same period in 2024[11] - Profit attributable to owners of the Company decreased slightly from approximately HK$6.1 million for the six months ended 30 September 2024 to approximately HK$6.0 million for the same period in 2025[11] - Basic and diluted earnings per share were approximately HK1.00 cents for the six months ended 30 September 2025, down from approximately HK1.02 cents in 2024[11] - Operating profit for the six months ended 30 September 2025 was approximately HK$8.7 million, compared to approximately HK$8.0 million for the same period in 2024[14] - The Group reported a profit for the period of approximately HK$6.5 million for the six months ended 30 September 2025, slightly down from approximately HK$6.6 million in 2024[14] - Total comprehensive income for the period attributable to owners of the Company was HK$5,884,590, down from HK$5,963,259, reflecting a decrease of 1.32%[16] Assets and Liabilities - Total assets as of September 30, 2025, increased to HK$206,986,629 from HK$179,904,531 as of March 31, 2025, representing a growth of 15.06%[21] - Non-current assets rose to HK$59,818,594, up from HK$44,225,400, marking an increase of 35.4%[18] - Current liabilities increased significantly to HK$69,705,667 from HK$48,655,999, indicating a rise of 43.2%[21] - Total equity as of September 30, 2025, was HK$136,238,354, up from HK$129,817,056, representing a growth of 4.0%[21] - Trade receivables increased to HK$79,062,857 from HK$70,287,776, reflecting a growth of 12.1%[18] - Inventories rose to HK$20,986,362 from HK$17,028,661, an increase of 23.0%[18] Cash Flow and Financing - Cash and cash equivalents decreased to HK$27,783,105 from HK$33,449,188, a decline of 17.0%[21] - Net cash used in operating activities decreased to HK$5,700,424 for the six months ended 30 September 2025, compared to HK$8,726,680 in the same period of 2024, representing a reduction of approximately 34.7%[26] - Cash flows from investing activities showed a significant increase in net cash used, totaling HK$8,308,912, compared to HK$377,020 in the prior year, indicating a rise of over 2100%[26] - The company generated HK$8,425,654 from financing activities, a substantial increase from HK$598,607 in the previous year, reflecting a growth of approximately 1305%[26] - Proceeds from bank borrowings increased to HK$10,000,000 in the current period, up from HK$7,000,000 in the previous year, indicating a growth of approximately 42.9%[26] - Total bank borrowings surged to HK$25,470,245 as of September 30, 2025, compared to HK$6,974,700 as of March 31, 2025, indicating a significant increase of 264.5%[92] Impairment and Provisions - The provision for impairment loss on trade and retention receivables increased to approximately HK$3.6 million for the six months ended 30 September 2025, compared to approximately HK$886,181 in 2024[14] - The Group's provision for impairment loss on trade and retention receivables increased to HK$15,080,688 as of 30 September 2025, compared to HK$11,455,780 as of 31 March 2025[76] - The opening amount for the provision for impairment loss on contract assets was HK$50,780 as of September 30, 2025, compared to HK$24,494 in the previous year, showing a rise of 106.5%[87] Employee and Operational Costs - Employee benefit expenses increased to HK$17,209,404 from HK$14,684,779 in 2024, reflecting a growth of 17.3%[53] - General and administrative expenses remained stable at approximately HK$16.1 million for both periods[121] Dividends and Share Capital - The Board does not recommend the payment of an interim dividend for the six months ended 30 September 2025, consistent with the previous year[11] - The company has not purchased, sold, or redeemed any shares during the six months ended September 30, 2025[184] - A final dividend of HK$0.5 cent per share, totaling HK$2,987,220, was declared for the year ended March 31, 2025, and paid in October 2025[185] Corporate Governance and Management - The Audit Committee has reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2025[193] - The Group maintains a prudent financial management approach and has ensured a healthy liquidity position throughout the reporting period[151] - The Group closely monitors its liquidity position to meet funding requirements effectively[151] - The Group does not have any significant contingent liabilities as of September 30, 2025, and 2024[156]

Revenue and Profitability - Revenue for the six months ended September 30, 2025, was HKD 1,576,054,000, representing a 120.7% increase compared to HKD 714,234,000 in 2024[3] - Gross profit for the same period was HKD 57,771,000, up 31.9% from HKD 43,786,000 in 2024[3] - Profit attributable to equity holders for the period was HKD 7,143,000, down 22.6% from HKD 9,233,000 in 2024[4] - Operating profit for the six months was HKD 10,947,000, slightly up from HKD 10,703,000 in the previous year[4] - The overall gross profit margin decreased from approximately 6.1% to 3.7% during the same period[30] - Profit attributable to equity holders decreased by approximately HKD 2.1 million or 22.6% to about HKD 7.1 million for the six months ended September 30, 2025, compared to HKD 9.2 million for the same period in 2024[30] Assets and Liabilities - Total current assets increased to HKD 1,181,234,000 from HKD 781,237,000, reflecting a significant growth in receivables[5] - Non-current assets rose to HKD 233,072,000 from HKD 141,105,000, primarily due to increased property, plant, and equipment[5] - Current liabilities surged to HKD 790,289,000 from HKD 304,510,000, indicating a substantial increase in payables and borrowings[5] - The company's total equity as of September 30, 2025, was HKD 610,523,000, slightly up from HKD 607,730,000[6] - Accounts receivable increased to HKD 851.4 million as of September 30, 2025, from HKD 424.2 million as of March 31, 2025[24] - The company reported a total of HKD 45.9 million in accounts payable as of September 30, 2025, compared to HKD 29.9 million as of March 31, 2025[25] - The total bank and other borrowings increased significantly to approximately HKD 378.1 million from HKD 8.0 million, indicating a substantial rise in financing activities[45] Expenses and Costs - The group's service costs for the same period were approximately HKD 1,518.3 million, representing 96.3% of total revenue, an increase of 2.4% from 93.9% in the previous year[36] - Administrative expenses increased by HKD 8.7 million or 22.5%, totaling approximately HKD 47.4 million, which accounted for 3.0% of total revenue[38] - Interest income for the six months ended September 30, 2025, was HKD 382, a significant decrease from HKD 4,492 in 2024[16] - The company incurred financing costs of HKD 2,190 for the six months ended September 30, 2025, compared to HKD 485 in 2024[16] - Deferred tax expenses for the six months ended September 30, 2025, amounted to HKD 1,614, an increase from HKD 985 in 2024[17] Capital Expenditure and Investments - The company purchased property, plant, and equipment for approximately HKD 107.4 million during the six months ended September 30, 2025, compared to HKD 11.0 million in 2024[23] - The total capital expenditure for the six months ended September 30, 2025, was approximately HKD 107.4 million, compared to HKD 11.0 million for the same period in 2024, mainly for acquiring vehicles for street cleaning services[48] Business Operations and Strategy - The company operates a single business segment providing cleaning and related services in Hong Kong[11] - The group successfully secured multiple large street cleaning contracts across various districts, enhancing its government line business[32] - The security services business rapidly developed since its launch in October 2023, acquiring several large residential and government contracts, expected to drive future growth[34] - The group aims to enhance service quality and expand revenue sources, with a focus on digital transformation and exploring artificial intelligence applications[34] Cash Flow and Financial Management - The group's cash and cash equivalents were approximately HKD 261.3 million as of September 30, 2025, down from HKD 302.6 million, indicating a need for careful cash flow management[43] - As of September 30, 2025, the company's debt-to-equity ratio was approximately 62.9%, a significant increase from 1.7% on March 31, 2025, primarily due to new borrowings for vehicle purchases and operational funding[46] Corporate Governance and Compliance - The company did not declare any interim dividend for the six months ended September 30, 2025, consistent with the previous year[19] - The board did not declare any interim dividend for the period, consistent with the previous period[54] - The company complied with all applicable corporate governance code provisions during the period[56] - The unaudited interim condensed consolidated financial information was reviewed by the audit committee and independent auditors[57] Employment and Workforce - The company employed over 13,000 staff as of September 30, 2025, an increase from over 10,000 employees on March 31, 2025[53] Contingent Liabilities and Legal Matters - The company had contingent liabilities related to performance guarantees amounting to approximately HKD 319.3 million as of September 30, 2025, compared to HKD 257.1 million on March 31, 2025[51] - The estimated claims related to ongoing litigation amounted to approximately HKD 2.54 million as of September 30, 2025, down from HKD 2.96 million on March 31, 2025[52] Securities Transactions - The company did not purchase, sell, or redeem any of its listed securities during the period[55]

Financial Performance - The total revenue for the period was approximately HKD 129,414,000, a decrease of about HKD 4,780,000 or 3.6% compared to HKD 134,194,000 for the same period last year[11]. - Gross profit for the period was approximately HKD 9,393,000, with a gross margin of about 7.3%, down from HKD 11,379,000 and 8.5% respectively for the previous period[12]. - Other income decreased by approximately 68.1% to about HKD 869,000, compared to HKD 2,728,000 for the same period last year, primarily due to reduced rental income[14]. - The net profit for the period was approximately HKD 173,000, down from HKD 346,000 for the same period last year[18]. - Revenue for the six months ended September 30, 2025, was HKD 129,414,000, a decrease of 3.8% compared to HKD 134,194,000 for the same period in 2024[46]. - Gross profit for the same period was HKD 9,393,000, down 17.4% from HKD 11,379,000 in 2024[46]. - Operating profit decreased to HKD 1,835,000 from HKD 3,866,000, representing a decline of 52.6%[46]. - The company reported a profit attributable to shareholders of HKD 173,000, down 50% from HKD 346,000 in the previous year[46]. - The company reported a total comprehensive income of HKD 346,000 for the six months ended September 30, 2025, compared to HKD 0 for the same period in 2024[49]. Expenses and Costs - Administrative expenses were approximately HKD 8,350,000, a reduction of about HKD 3,115,000 or 27.2% compared to HKD 11,465,000 for the previous period[16]. - The total employee compensation cost for the period was approximately HKD 11,196,000, compared to HKD 24,480,000 for the six months ended September 30, 2024[25]. - Employee expenses, including directors' remuneration, decreased to HKD 11,196,000 from HKD 24,480,000, reflecting a reduction of 54.4%[65]. - The financing costs for the six months ended September 30, 2025, totaled HKD 1,662,000, down 52.8% from HKD 3,520,000 in the same period of 2024[67]. - The remuneration for directors and key management personnel for the six months ended September 30, 2025, was approximately HKD 3,096,000, a decrease from HKD 3,439,000 for the same period last year[92]. Projects and Opportunities - The group had five ongoing projects with a total contract value of approximately HKD 227,126,000, and was awarded a new project worth about HKD 360,203,000 after the period ended[9]. - The company anticipates that government-led infrastructure projects will drive demand for construction and foundation engineering in the coming years[10]. - The board believes the company is well-positioned to seize new project opportunities in a favorable policy environment despite current challenges[10]. - The company will continue to monitor market developments and assess potential business opportunities with a prudent approach[10]. - The group faced challenges due to geopolitical tensions, trade disruptions, and inflationary pressures affecting economic growth[10]. Financial Position - As of September 30, 2025, the group's bank balance was approximately HKD 13,128,000, showing a slight increase from HKD 13,108,000 as of March 31, 2025[19]. - The group's interest-bearing debt decreased to approximately HKD 65,705,000 from HKD 69,485,000 as of March 31, 2025, resulting in a reduction of the debt-to-equity ratio to about 38.2% from 40.5%[19]. - The company’s total assets less current liabilities amounted to HKD 172,835,000 as of September 30, 2025[48]. - The net asset value of the company was HKD 171,905,000, slightly up from HKD 171,732,000 as of March 31, 2025[48]. - The total amount of trade receivables aged over 90 days was HKD 8,583,000 as of September 30, 2025, compared to HKD 15,896,000 as of March 31, 2025, indicating a significant reduction[81]. - The company’s total financial liabilities amounted to HKD 99,297,000 as of September 30, 2025, slightly down from HKD 99,647,000 as of March 31, 2025[90]. Cash Flow and Liquidity - For the six months ended September 30, 2025, the net cash generated from operating activities was HKD 5,444,000, a significant decrease of 87.1% compared to HKD 42,381,000 for the same period in 2024[51]. - The total cash and cash equivalents at the end of the period increased slightly to HKD 13,128,000 from HKD 13,108,000 at the beginning of the period, indicating a minimal growth of 0.15%[51]. - The company has not recognized any impairment losses on contract assets for the six months ended September 30, 2025, with a provision of HKD 1,332,000 for the period[76]. - The expected recoverable amount of contract assets exceeding one year is approximately HKD 32,373,000 as of September 30, 2025[78]. Shareholder Information - The major shareholder, Mr. Chen Liwei, holds 495,000,000 shares, representing 72.29% of the company's equity[28]. - The total number of share options available for grant under the share option scheme is capped at 10% of the total issued shares at the time of listing[36]. - The company has not granted, exercised, cancelled, or lapsed any share options since the adoption of the share option scheme[36]. - The company did not incur any capital expenditure on property, plant, and equipment for the six months ended September 30, 2025, while it recorded approximately HKD 930,000 in capital expenditure for the same period in 2024[73]. - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2025, consistent with the previous year[71]. Market and Economic Conditions - The group did not enter into any derivative contracts to hedge foreign exchange risks, as the majority of transactions are conducted in HKD, minimizing exposure[21]. - There were no major investments or acquisitions during the period, and no future plans for significant investments or capital assets were disclosed[22][23][24]. - The company has not reported any significant new product developments or market expansions during this period[52]. - There were no acquisitions or mergers reported in the financial statements for the six months ended September 30, 2025[52].