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].

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 48,172,000, a decrease of 4.8% compared to HKD 50,571,000 for the same period in 2024[3] - Gross profit for the same period was HKD 36,260,000, down 12.5% from HKD 41,572,000 year-on-year[3] - Operating loss for the six months was HKD 16,760,000, an improvement from a loss of HKD 21,101,000 in the previous year[3] - Loss before tax decreased to HKD 18,824,000 from HKD 23,943,000, reflecting a 21.5% improvement[3] - The company reported a net loss of HKD 18,583,000, compared to a net loss of HKD 23,610,000 in the prior year, indicating a 21.4% reduction in losses[3] - Total comprehensive expenses for the period amounted to HKD 20,313,000, compared to HKD 18,696,000 in the previous year[5] - The basic loss per share for the period was HKD 0.06, compared to HKD 0.08 in the previous year[5] Assets and Liabilities - The company’s total assets less current liabilities stood at HKD 375,138,000 as of September 30, 2025, down from HKD 393,354,000 as of March 31, 2025[6] - The company’s net asset value was HKD 297,159,000, a decrease from HKD 317,472,000 as of March 31, 2025[6] - Accounts receivable as of September 30, 2025, totaled HKD 4.782 million, down from HKD 5.584 million as of March 31, 2025[18] - The group's current liabilities net amount was HKD 68,000,000 as of September 30, 2025, compared to HKD 67,000,000 as of March 31, 2025[41] - The capital debt ratio was approximately 35.3% as of September 30, 2025, up from 31.1% as of March 31, 2025[41] - As of September 30, 2025, the group's cash and bank deposits totaled approximately HKD 9,000,000, an increase from HKD 5,000,000 as of March 31, 2025[40] - The group secured total bank financing of approximately HKD 89,000,000 as of September 30, 2025, compared to HKD 86,000,000 as of March 31, 2025[40] Revenue Breakdown - The company’s revenue from Hong Kong operations was HKD 32,169,000, up 9.1% from HKD 29,394,000 in the previous year[11] - Revenue from Hong Kong operations increased by 9% year-on-year to approximately HKD 32.2 million, while revenue from mainland China decreased by 26% to approximately HKD 9.7 million[23] - Overall revenue for the group decreased by 5% year-on-year to approximately HKD 48.2 million, with a gross profit margin of 75.3%, down from 82.2% in the previous fiscal year[23] - The group's revenue in Macau decreased by 17% year-on-year to approximately HKD 3,834,000 due to a decline in purchasing power among mainland Chinese tourists[36] - Revenue from the group's Taiwan operations fell by 28% year-on-year to approximately HKD 2,497,000, accounting for about 5% of total revenue[37] - The revenue for the mainland China business decreased by 26% year-on-year to HKD 9,672,000[33] Store Operations - The company closed three underperforming stores in mainland China while opening four new stores, including a MOISELLE counter in Shanghai[34] - The number of retail stores in Hong Kong and mainland China increased from 31 to 32 between March 31, 2025, and September 30, 2025[29] - As of September 30, 2025, the group operated 12 retail stores in mainland China, up from 11 stores as of March 31, 2025[35] - The group employed 222 staff members as of September 30, 2025, down from 271 as of March 31, 2025[43] Strategic Initiatives - The group engaged in more frequent promotional activities and short-term sales events in Hong Kong and Macau to boost sales, including temporary retail locations in major shopping areas[24] - The group partnered with American Express to expand its customer base and enhance sales, offering shopping discounts to selected customers recommended by American Express[25] - The company is focusing on e-commerce and social media platforms to promote and sell products, leveraging cost-effective channels[28] - The company has established partnerships with four local e-commerce operators in mainland China to enhance its online sales[34] - The group plans to enhance its e-commerce operations and has appointed a specialized management team to improve efficiency in this area[38] - The group’s strategy includes adapting to market changes by focusing on design and sales that appeal to both younger and middle-aged customers[22] - The company is rebranding its MOISELLE line to appeal to younger consumers and a more vibrant middle-aged demographic[26] - The company is actively negotiating with landlords to reduce rental costs in Hong Kong due to the challenging economic environment[30] - The company is integrating environmental awareness and artistic elements into its retail store designs to enhance the shopping experience[27] - The company continues to sponsor artists on social media to promote its MOISELLE products and expand its quality customer base[31] Dividends - The group did not declare an interim dividend for the year ending March 31, 2026[17]

Financial Performance - The company reported a revenue of $83.648 million for the six months ending September 30, 2025, compared to $86.797 million in the same period of 2024, representing a decrease of approximately 3.9%[2] - Gross profit for the same period was $17.292 million, down from $21.871 million in 2024, indicating a decline of about 21.1%[2] - The net loss for the period was $5.989 million, compared to a net loss of $2.330 million in 2024, reflecting an increase in losses of approximately 157.3%[4] - The company incurred a cost of goods sold amounting to $66.356 million, which is an increase from $64.926 million in the previous year, showing a rise of about 2.1%[2] - Other income was reported at $3.016 million, slightly down from $3.079 million in 2024, a decrease of about 2.1%[2] - Selling and distribution expenses were $13.410 million, compared to $13.544 million in 2024, indicating a decrease of approximately 1.0%[2] - Administrative expenses increased to $12.035 million from $11.979 million in 2024, marking an increase of about 0.5%[2] - The company reported a basic loss per share of $0.34 for the period, compared to a loss of $0.12 per share in 2024[2] - The total comprehensive income for the period was $532,000, significantly lower than $15.072 million in 2024, indicating a decrease of approximately 96.5%[4] - The company experienced a foreign exchange gain of $6.297 million, compared to a gain of $17.418 million in the previous year, reflecting a decrease of about 64.0%[4] Assets and Liabilities - Total assets decreased from $138,360,000 to $137,092,000, a decline of approximately 0.9%[5] - Current liabilities increased from $73,370,000 to $76,104,000, an increase of about 3.4%[6] - Cash and cash equivalents decreased from $68,610,000 to $65,873,000, a decrease of approximately 4.0%[5] - Non-current assets increased from $63,001,000 to $65,215,000, an increase of about 3.5%[5] - Total equity decreased from $122,264,000 to $120,988,000, a decline of approximately 1.0%[6] - Retained earnings decreased from $173,920,000 to $166,731,000, a decrease of about 4.1%[6] - Short-term bank deposits decreased from $36,997,000 to $36,001,000, a decrease of approximately 2.7%[5] - Deferred tax assets decreased from $722,000 to $653,000, a decrease of about 9.6%[5] - Total liabilities increased from $127,991,000 to $126,203,000, a decrease of approximately 1.4%[6] - Total non-current liabilities decreased from $5,727,000 to $5,215,000, a decrease of about 8.9%[6] Revenue Breakdown - Revenue from the publishing and printing segment in Malaysia was $12.839 million, while the advertising income for the same segment reached $15.944 million, contributing significantly to the overall revenue[14] - The travel and related services segment generated revenue of $36.879 million, reflecting a strong performance in this area[14] - The group reported a pre-tax loss of $5.772 million for the six months ended September 30, 2025, compared to a loss of $1.531 million for the same period in 2024[15] - The total revenue from the publishing and printing segment for the six months ended September 30, 2025, was $46.769 million, while the travel and related services segment contributed $36.879 million, totaling $83.648 million[14] - The group’s advertising revenue for the six months ended September 30, 2025, was $27.883 million, down from $32.445 million in the previous year, representing a decline of approximately 14.3%[15] - The group’s total revenue from the sale of newspapers, magazines, books, and digital content was $18.886 million for the six months ended September 30, 2025, compared to $19.660 million in 2024[18] Operational Challenges - The company is facing challenges due to geopolitical tensions, high costs, and a weak global economy, which continue to suppress business confidence and advertising spending[37] - The company has implemented strict cost control measures to mitigate the impact of revenue weakness, benefiting from lower paper prices[41] - The group is focusing on digital integration and cross-platform advertising solutions to enhance competitiveness and seize new opportunities as the Hong Kong market stabilizes[46] - The group continues to enhance its digital governance and transformation framework to maintain content credibility and brand reputation[51] - The group recognizes the rapid evolution of the digital media environment driven by AI and is accelerating its digital transformation strategy[50] Shareholder Actions - The company did not recommend any dividend distribution for the six months ended September 30, 2025, consistent with the previous year[31] - The group repurchased a total of 7,387,500 shares at a total cost of approximately $178,000 during the six months ended September 30, 2025[60] - The group has total bank borrowings of $36,938,000 as of September 30, 2025, compared to $34,637,000 on March 31, 2025[58] - The group has a total issued and paid-up share capital of 1,654,729,641 shares as of September 30, 2025[61] - The board of directors confirmed compliance with the Malaysia Securities Exchange Listing Requirements Chapter 14 and the Hong Kong Listing Rules during the review period[65] Future Outlook - The group expects the operating environment for the second half of the 2025/2026 fiscal year to remain challenging but gradually improve[53] - The group plans to launch new customized travel products to meet changing customer preferences and maintain growth in the luxury travel sector[49] - The group is expanding its business through new destination offerings and immersive real estate products[53] - The group maintains a cautious optimism focusing on cost control and operational resilience[54] - The group is leveraging AI-driven innovations to enhance content creation and improve customer engagement[54]

HONG KONG SHANGHAI ALLIANCE HOLDINGS LIMITED 滬港聯合控股有限公司 （於百慕達註冊成立之有限公司） 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倚賴該等內容而引致之任何損 失承擔任何責任。 （股份代號：1001） 截至二零二五年九月三十日止六個月之 中期業績公告 滬港聯合控股有限公司（「本公司」）之董事會（「董事會」）謹此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（「本期間」）之未經審核簡明綜合中期業績。 財務摘要 截至二零二五年九月三十日止六個月 | | 二零二五年 | 二零二四年 | 變動 | | --- | --- | --- | --- | | | 百萬港元 | 百萬港元 | | | 收入 | 1,022.8 | 989.7 | +3.3% | | 毛利 | 167.1 | 168.2 | -0.6% | | 經營溢利 | 87.1 | 84.5 | +3.1% | | 期內溢利 | 50.4 | 50.1 ...

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所產生或因依賴該等內容而引致的任何損失承擔任何責任。 Bojun Education Company Limited 博駿教育有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1758） 截 至2025年8月31日 止 年 度 之 年 度 業 績 公 告 | 摘 | 要 | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | | | | 截 | 至8月31日 | | 止 | 年 ...

Financial Performance - The loss attributable to equity holders of the company was HKD 231.9 million, compared to HKD 292.8 million in 2024[4]. - Revenue from continuing operations for the six months ended September 30, 2025, was HKD 5,175,118, an increase from HKD 87,305 in the same period of 2024[5]. - Gross profit for the six months was HKD 72,373, up from HKD 19,350 in 2024, reflecting a strong improvement in profitability[5]. - Operating loss for the period was HKD (199,947), an improvement from HKD (313,505) in the previous year, showing a reduction in operational losses[5]. - Loss before tax was HKD (261,690), improved from HKD (383,864) in the same period last year, suggesting a positive trend in financial performance[5]. - Total comprehensive loss for the period was HKD (261,701), compared to HKD (361,973) in the previous year, reflecting overall better financial health[5]. - The company reported a loss of HKD 261,701 thousand for the six months ending September 30, 2025, compared to a loss of HKD 361,973 thousand in the same period of 2024, representing a 27.7% improvement[6]. - Total comprehensive loss for the period amounted to HKD 218,186 thousand, down from HKD 280,540 thousand year-over-year, indicating a 22.2% reduction[6]. Revenue and Sales - For the Duck Tongue Island project, 42 out of 105 residential units have been sold, generating total sales of approximately HKD 215 million, with 10 units recognized as revenue in the previous fiscal year amounting to about HKD 43.7 million[3]. - An additional 16 units were delivered and recognized as revenue during the period, contributing sales of HKD 83.1 million, with an estimated sales of HKD 88.2 million expected from the remaining 16 units in the second half of the fiscal year[3]. - Revenue from customer contracts recognized at a point in time was HKD 98,567,000, while revenue recognized over time was HKD 6,264,000, totaling HKD 175,118,000 for the year 2025[24]. - The group's revenue for 2025 is projected to be HKD 175,118,000, while the revenue for 2024 was HKD 87,305,000, indicating a significant increase[26]. - Property sales revenue reached HKD 98.6 million, while rental income and other revenues amounted to HKD 67.8 million, compared to HKD 74.1 million in 2024[49]. Assets and Liabilities - The company's total assets, net of current liabilities, were HKD 10,273,914 thousand, down from HKD 10,761,512 thousand, a decrease of 4.5%[7]. - Non-current assets decreased to HKD 7,638,975 thousand as of September 30, 2025, from HKD 8,448,199 thousand as of March 31, 2025, reflecting a decline of 9.6%[7]. - The company’s total liabilities decreased to HKD 1,305,215 thousand from HKD 1,475,507 thousand, a reduction of 11.5%[7]. - The company's total liabilities, including non-current liabilities, were HKD 10,273,914, down from HKD 10,761,512, indicating a reduction of about 4.53%[8]. - The company’s long-term bank borrowings were HKD 2,361,004,000 as of September 30, 2025, compared to HKD 2,739,524,000 as of March 31, 2025[44]. Cash Flow and Financing - The group's total cash reserves, including bonds and securities investments, amount to HKD 1.9 billion, with cash and bank deposits totaling approximately HKD 1.8 billion[4]. - The net debt to equity ratio improved to 7.6%[4]. - Financing costs decreased to HKD (40,648) from HKD (73,068), indicating better management of financial expenses[5]. - The company has completed the development of 5,485 burial plots and a tower providing 550 niches in the first phase of the Jufu Bao Huachiao Cemetery project[72]. Investments and Projects - The group has begun preliminary assessments of the adoption of new accounting standards and interpretations, expecting no significant impact on its performance and financial position[16]. - The company is exploring various options, including sales, to accelerate capital returns from the project at 28 Po Shan Road[61]. - The company plans to continue promoting remaining shop and parking spaces in its investment property in Tuen Mun, generating annual rental income of approximately HKD 2.4 million[64]. - The estimated value of the group's investment property in Anshan, Liaoning Province, is approximately RMB 307.8 million (equivalent to about HKD 336 million)[65]. Corporate Governance and Compliance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with applicable regulations[12]. - The company has established an audit committee to oversee financial reporting procedures, risk management, and internal controls, ensuring compliance with relevant requirements[88]. - The company confirms adherence to the corporate governance code and has received confirmation from all directors regarding compliance with the standards for securities trading[89]. Market Outlook and Strategy - The company maintains an optimistic outlook on the Hong Kong property market and overall economy, citing a gradual recovery in buyer confidence as interest rates continue to decline[83]. - The company aims to seek opportunities to invest in core properties while divesting non-core assets to improve financial resources and expand land reserves in Hong Kong, particularly in the luxury and affordable housing markets[84].

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 418.422 million, an increase of 25.5% compared to HKD 166.62 million in the same period of 2024[2]. - Cost of goods sold for the same period was HKD 178.82 million, resulting in a gross profit of HKD 540 thousand, down from HKD 992 thousand in 2024[2]. - Operating loss for the six months was HKD 10.615 million, compared to a loss of HKD 9.77 million in the previous year, indicating a deterioration in operational performance[2]. - The net loss attributable to the company's shareholders for the period was HKD 12.449 million, compared to a loss of HKD 11.769 million in 2024, reflecting ongoing challenges[3]. - Basic and diluted loss per share was HKD 3.11, compared to HKD 2.94 in the previous year, indicating a higher loss per share[4]. - The company reported a total segment loss of HKD (10,072) million for the six months ending September 30, 2025, compared to HKD (9,466) million for the same period in 2024, indicating an increase in losses[12][13]. - The company incurred a pre-tax loss of HKD (12,441) million for the six months ending September 30, 2025, compared to HKD (11,761) million for the same period in 2024, showing an increase in pre-tax losses[12][13]. - The group recorded a post-tax loss of HKD 12,449,000, which is an increase of approximately 5.8% from the loss of HKD 11,769,000 for the six months ended September 30, 2024[38]. Revenue Breakdown - Total revenue for the period was HKD 6,120 million, compared to HKD 4,380 million in the previous period[5]. - The company’s total revenue from the media business for the six months ending September 30, 2025, was HKD 12,594 million, compared to HKD 10,685 million for the same period in 2024, representing an increase of approximately 17.9%[12][14]. - The company’s total revenue from the watch and automotive business for the six months ending September 30, 2025, was HKD 5,828 million, compared to HKD 5,977 million for the same period in 2024, indicating a decrease of approximately 2.5%[12][14]. - For the six months ended September 30, 2025, the group's revenue increased by approximately 10.6% to HKD 18,422,000 compared to HKD 16,662,000 in the previous fiscal year[38]. - The entertainment and fashion segment generated revenue of HKD 12,594,000, up about 17.9% from HKD 10,685,000 in the previous fiscal year, while the segment's loss decreased to HKD 8,995,000 from HKD 9,430,000[39]. - The watch and automotive segment reported revenue of HKD 5,828,000, a slight decline of approximately 2.5% from HKD 5,977,000 in the previous year, with a pre-tax loss of HKD 1,077,000 compared to a loss of HKD 36,000 in the same period last year[42]. Expenses and Liabilities - Financial expenses amounted to HKD 1.744 million, a decrease from HKD 1.908 million in the same period last year[2]. - Administrative expenses increased to HKD 7.543 million from HKD 7.278 million, contributing to the overall loss[2]. - Total liabilities decreased to HKD 33,262 million from HKD 32,792 million[5]. - Total liabilities increased to HKD 125.368 billion, up from HKD 113.189 billion year-over-year, representing a growth of approximately 10.3%[6]. - Current liabilities amounted to HKD 15.049 billion, an increase from HKD 12.833 billion, reflecting a rise of approximately 17.3%[6]. - Non-current liabilities totaled HKD 110.319 billion, up from HKD 100.356 billion, marking an increase of around 9.9%[6]. - The company reported a financial expense of HKD (1,744) million for the six months ending September 30, 2025, compared to HKD (1,908) million for the same period in 2024, reflecting a decrease of about 8.6%[12][15]. Strategic Focus and Market Opportunities - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[2]. - There are ongoing discussions regarding potential strategic partnerships to expand market reach and product offerings[2]. - The group continues to enhance its advertising capabilities by developing creative storyboards and engaging video content to adapt to changing consumer interaction trends[41]. - The group is focusing on cross-selling opportunities between its magazines to expand its customer base and strengthen overall market influence[43]. - The group aims to improve its production quality and resource allocation to enhance competitiveness in digital and social media channels[42]. - The group has established a joint venture named "Dream Unstoppable" to enhance video production capabilities using AI, positioning it as the main investment platform in the AI sector[44]. - The group anticipates challenges in the second half of the fiscal year due to high operational costs but believes upgraded advertising solutions will positively contribute to revenue[48]. - The group is focusing on enhancing operational efficiency to achieve further cost optimization[49]. Assets and Equity - Total assets decreased to HKD 37,857 million from HKD 39,312 million[5]. - Total non-current assets increased to HKD 6,520 million from HKD 4,595 million[5]. - Current assets increased to HKD 33,262 million from HKD 32,792 million[5]. - Cash and cash equivalents increased to HKD 28,948 million from HKD 28,562 million[5]. - Shareholders' equity decreased to HKD 401 million from HKD 14 million[5]. - Cumulative losses increased to HKD (198,448) million from HKD (210,897) million[5]. - The group’s net current assets as of September 30, 2025, amount to HKD 17,743,000, a decrease from HKD 20,429,000 as of March 31, 2025, while total liabilities have increased to HKD 86,056,000 from HKD 75,332,000[51]. Corporate Governance - The Audit Committee consists of three independent non-executive directors: Mr. Yu Han Du, Mr. Liu Zhi Hua, and Ms. Huang Hong Wan Yi[57]. - The Remuneration Committee includes three independent non-executive directors: Mr. Yu Han Du, Mr. Liu Zhi Hua, and Ms. Huang Hong Wan Yi, along with one executive director, Mr. Zhang Qiu Chang[58]. - The Nomination Committee is composed of three independent non-executive directors: Mr. Yu Han Du, Mr. Liu Zhi Hua, and Ms. Huang Hong Wan Yi, plus one executive director, Mr. Zhang Qiu Chang[59]. - The Audit Committee has reviewed the interim financial information along with management, discussing risk management and internal control systems[60]. - The company’s interim report for the fiscal year 2025/26 will be published on the Hong Kong Stock Exchange's website and distributed to shareholders by the end of December 2025[63].

Financial Performance - Revenue for the six months ended September 30, 2025, was approximately HKD 359.2 million, a decrease of about 25.2% compared to HKD 479.97 million for the same period in 2024[4] - Gross profit for the six months ended September 30, 2025, was approximately HKD 14.5 million, down from HKD 34.1 million for the same period in 2024[4] - Gross margin decreased from approximately 7.1% for the six months ended September 30, 2024, to about 4.0% for the six months ended September 30, 2025[4] - Profit attributable to owners of the company for the six months ended September 30, 2025, was approximately HKD 3.0 million, compared to HKD 12.2 million for the same period in 2024[4] - Earnings per share for the six months ended September 30, 2025, was approximately HKD 0.73, down from HKD 2.94 for the same period in 2024[4] - The group's total segment profit for the six months was HKD 8.098 million, compared to HKD 22.039 million for the same period last year, reflecting a decrease of 63.2%[17] - The group reported an operating profit before tax of HKD 4.065 million for the six months ended September 30, 2025, compared to HKD 15.072 million for the same period in 2024[17] - The construction and machinery leasing segment reported a profit of approximately HKD 5,759,000 for the six months ended September 30, 2025, compared to HKD 13,033,000 in 2024[21] - Net profit decreased from approximately HKD 12.2 million for the six months ended September 30, 2024, to about HKD 3.0 million for the current period, primarily due to reduced revenue from construction engineering and machinery leasing activities[33] Revenue Breakdown - Revenue from construction engineering was HKD 244.779 million, down 26.0% from HKD 330.662 million in the previous year[13] - Revenue from construction machinery leasing was HKD 114.437 million, a decline of 23.4% from HKD 149.308 million in the prior year[13] - Revenue from construction engineering was approximately HKD 244.8 million, contributing about 68.1% of total revenue, down from HKD 330.7 million and 68.9% in the previous period[38] - Revenue from construction machinery leasing was approximately HKD 114.4 million, compared to HKD 149.3 million in the previous period[37] - Construction machinery rental income for the period was approximately HKD 114.4 million, accounting for 31.9% of total revenue, a slight increase from 31.1% in the previous period[42] Assets and Liabilities - Non-current assets as of September 30, 2025, amounted to approximately HKD 143.2 million, down from HKD 181.4 million as of March 31, 2025[6] - Current assets as of September 30, 2025, totaled approximately HKD 398.96 million, compared to HKD 409.36 million as of March 31, 2025[6] - Total liabilities as of September 30, 2025, were approximately HKD 230.27 million, down from HKD 274.31 million as of March 31, 2025[7] - Total equity attributable to owners of the company as of September 30, 2025, was approximately HKD 290.71 million, compared to HKD 293.72 million as of March 31, 2025[7] - Total assets as of September 30, 2025, were HKD 542.194 million, down from HKD 590.761 million as of March 31, 2025[20] - Total liabilities as of September 30, 2025, were HKD 248.470 million, a decrease from HKD 300.050 million as of March 31, 2025[20] - Trade receivables as of September 30, 2025, amounted to HKD 240,688,000, down from HKD 290,105,000 as of March 31, 2025, with an allowance for doubtful debts of HKD 33,443,000[29] - Trade payables decreased to HKD 51,459,000 as of September 30, 2025, from HKD 73,558,000 as of March 31, 2025[30] - Bank borrowings as of September 30, 2025, totaled HKD 56,497,000, a decrease from HKD 59,312,000 as of March 31, 2025, with a significant portion due within one year[31] Corporate Governance and Compliance - The company has adopted corporate governance practices to enhance shareholder value and protect stakeholder interests[60] - The company has complied with the corporate governance code, with the exception of a deviation regarding the separation of the roles of Chairman and CEO[61] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited interim financial information for the period[66] - The interim results announcement was published on the Hong Kong Stock Exchange and the company's website[67] Dividends and Future Outlook - The board of directors did not recommend the payment of an interim dividend for the six months ended September 30, 2025[4] - The company did not declare or recommend any dividends for the six months ended September 30, 2025, and 2024[26] - The outlook indicates a potential slowdown in market demand due to the completion of major projects, but the government continues to prioritize infrastructure and land development[50] - The group remains cautiously optimistic about long-term development despite challenges such as aging workforce and rising construction costs[51] Employee and Operational Metrics - As of September 30, 2025, the group employed 349 employees, a decrease from 467 employees as of September 30, 2024[54] - Total employee costs for the period amounted to approximately HKD 81.5 million, down from HKD 123.9 million for the six months ended September 30, 2024[54] - Administrative expenses decreased to approximately HKD 10.5 million from HKD 11.6 million, attributed to a reduction in employee numbers[45] Other Financial Information - Other income for the six months ended September 30, 2025, totaled HKD 3,737,000, a decrease from HKD 3,943,000 in 2024, with government subsidies increasing significantly from HKD 164,000 to HKD 1,755,000[22] - Financing costs decreased to HKD 3,124,000 for the six months ended September 30, 2025, down from HKD 6,183,000 in 2024, primarily due to lower bank borrowings and lease liabilities[23] - The deferred tax and income tax expenses for the six months ended September 30, 2025, were both HKD 1,052,000, a significant reduction from HKD 2,890,000 in 2024[24] - Financing costs decreased by approximately 49.5% to about HKD 3.1 million, due to a reduction in outstanding interest-bearing liabilities and lower applicable interest rates[46] - The group’s bank balance as of September 30, 2025, was approximately HKD 29.8 million, with interest-bearing liabilities at about HKD 97.1 million, resulting in a debt-to-equity ratio of approximately 33.0%[48] - Other income decreased from approximately HKD 3.9 million to about HKD 3.7 million, mainly due to a reduction in non-operating income[44] Projects and Market Conditions - The group has 22 ongoing projects with a total uncompleted contract value of approximately HKD 943.1 million, with 14 projects expected to be completed by March 31, 2026[39] - The Hong Kong government plans to inject an additional HKD 30 billion into infrastructure and housing projects over the next three years, providing stable potential demand for the construction industry[34] - The public sector's construction project reserves remain substantial, although the overall project rollout speed is slower than expected[34] - The group will continue to closely monitor market conditions and adopt prudent measures to assess business opportunities to support sustainable growth and enhance shareholder value[35]

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的任何損失承擔任何責任。 SINO-ENTERTAINMENT TECHNOLOGY HOLDINGS LIMITED 新娛科控股有限公司 （於開曼群島註冊成立的有限公 司） （股份代號：6933） 2024年年報的補充公告 股份獎勵計劃 獲獎者毋須就申請或接納獎勵股份支付任何款項。本公司將動用董事會自本 公司資源分配的資金，根據股份獎勵計劃的條款向受託人按面值發行及配發 獎勵股份。截至2024年12月31日止年度，共有4,934,871股獎勵股份根據股份獎 勵計劃歸屬。股份於緊接歸屬日期前在聯交所的加權平均收市價約為0.21港元。 – 1 – 本補充公告所載資料並不影響2024年年報所載的其他資料。除本公告所披露者 外，2024年年報的所有其他資料及內容維持不變。 承董事會命 新娛科控股有限公司 主席兼執行董事 茲提述本公司於2025年4月11日所刊發截至2024年12月31日止年度的年報（「2024 年年報」）。除另有所指外， ...

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。 金石資本集團有限公司 GOLDSTONE CAPITAL GROUP LIMITED （於百慕達註冊成立之有限公司） （股份代號：1160） 截 至2025年9月30日止六個月之 中期業績 金 石 資 本 集 團 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）欣 然 宣 佈 本 公 司 截 至2025年9月30日 止 六 個 月（「本期間」）之 未 經 審 核 中 期 業 績，連 同2024年同期 之 比 較 數 字。 簡明損益及其他全面收益表 截 至2025年9月30日止六個月 | 截 | 至9月30日止六個月 | 2025年 | 2024年 | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | ...