高阳科技二零二五年中期报告

Interim Report2025中期報告 2Business Review業務回顧23Business Outlook業務展望27Additional Information其他資料37Interim Condensed Consolidated Income Statement中期簡明綜合收益表39Interim Condensed Consolidated Statement ofComprehensive Income中期簡明綜合全面收益表40Interim Condensed Consolidated Balance Sheet中期簡明綜合資產負債表42Interim Condensed Consolidated Statementof Changes in Equity中期簡明綜合權益變動表44Interim Condensed Consolidated Cash Flow Statement中期簡明綜合現金流量表46Notes to Interim Condensed ConsolidatedFinancial Information中期簡明綜合財務資料附註 Business Review業務回顧Business Review業務回顧 #EBITDA按分類經營（虧損）／溢利扣除利息開支、稅項、折舊、攤銷、按公平值計入損益之金融資產之公平值（虧損）／收益淨額以及附屬公司購股權計劃項下的股份付款計算。 #EBITDA is calculated by excluding interest expense, taxes, depreciation,amortisation, fair value (losses)/gains on financial assets at FVPL, net andshare-based payments under share option schemes of subsidiaries fromsegmental operating (loss)/profit. Business Review業務回顧Business Review業務回顧 Business Review業務回顧Business Review業務回顧 中期簡明綜合資產負債表INTERIM CONDENSED CONSOLIDATED BALANCESHEET Business Review業務回顧Business Review業務回顧 截至二零二五年六月三十日止六個月（「二零二五年上半年」），高陽科技（中國）有限公司（「本公司」）及 其 附 屬 公 司（統 稱「本 集 團」）之 綜 合 營 業 額 為961,700,000港元，較截至二零二四年六月三十日止六個月（「二零二四年上半年」）減少約18%。期內虧損合共為27,100,000港元，而於二零二四年上半年則為溢利23,400,000港元。 During the six months ended 30 June 2025 (“1H2025”), theconsolidated turnover of Hi Sun Technology (China) Limited(the “Company”) and its subsidiaries (collectively, the “Group”)amounted to HK$961.7 million, representing a decrease ofapproximately 18% when compared with the six months ended 30June 2024 (“1H2024”). Loss for the period totalled HK$27.1 millionas compared to profit of HK$23.4 million in 1H2024. 就資產負債表而言，於二零二五年六月三十日，資產總值為13,812,100,000港元，而於二零二四年十二月三十一日則為11,858,800,000港元。於二零二五年六月三十日，流動資產淨值為3,948,600,000港元，而於二零二四年十二月三十一日則為3,844,700,000港元。 With regard to the balance sheet, the total assets as at 30 June 2025amounted to HK$13,812.1 million as compared to HK$11,858.8million as at 31 December 2024. As at 30 June 2025, netcurrent assets amounted to HK$3,948.6 million, as compared toHK$3,844.7 million as at 31 December 2024. 分類表現回顧 SEGMENT PERFORMANCE REVIEW (1) Payment and digital servicesKey performance indicators *Turnover from external customers #EBITDA按分類經營（虧損）／溢利扣除利息開支、稅項、折舊、攤銷及一間附屬公司購股權計劃項下的股份付款計算 二零二五年上半年，分類營業額為800,500,000港元，而於二零二四年上半年為892,200,000港元。分類經營虧損為83,300,000港元，而二零二四年上半年為溢利90,800,000港元。 Segmental turnover for 1H2025 amounted to HK$800.5 millionas compared to HK$892.2 million in 1H2024. Segmentaloperating loss amounted to HK$83.3 million, as compared to aprofit of HK$90.8 million in 1H2024. Business Review業務回顧Business Review業務回顧 分類營業額及分類經營溢利減少主要歸因於(i)支付及數字化服務分類就本公司一間附屬公司於二零二五年三月授出的購股權（進一步詳情請參閱本公司日期為二零二五年三月七日的通函及公佈）而產生約85,200,000港元的非現金購股權開支；及(ii)數字支付進一步取代傳統支付市場，並向海外及跨境業務增撥資源。本集團堅信這項策略調整將為長遠更穩定的發展奠下基石。 The decrease in segmental turnover and segmental operatingprofit was primarily attributable to (i) the non-cash share optionexpenses of approximately HK$85.2 million under the paymentand digital services segment for the share options granted by asubsidiary of the Company in March 2025 (Please refer to thecircular and the announcement of the Company dated 7 March2025 for further details); and (ii) further replacement of thetraditional payment market by digital payments and additionalresources allocated to the overseas and cross-border businesses.The Group firmly believes that this strategic adjustment will laythe cornerstone for more stable development in the long run. (2) Fintech servicesKey performance indicators (2)金融科技服務 二零二五年上半年，分類營業額為46,200,000港元，而二零二四年上半年為43,900,000港元。分類營業額增加主要由於期內批出的貸款數量 增 加。二 零 二 五 年 上 半 年 分 類 經 營 溢 利 為25,400,000港元，而二零二四年上半年則為虧損20,500,000港元。分類經營溢利的增加主要歸因於期內信貸減值虧損減少。 During 1H2025, segmental turnover amounted to HK$46.2million as compared to HK$43.9 million in 1H2024. Increasein segmental turnover was mainly due to the increase involume of loans granted during the period. Segmental operatingprofit for 1H2025 amounted to HK$25.4 million as comparedtoloss of HK$20.5 million in 1H2024. The segmentaloperating profit was mainly contributed by a decrease in creditimpairment loss incurred during the period. 於二零二五年上半年，我們繼續為中移金科、中移動IVR基地及中移動動漫基地提供優質高效的支援服務，如產品開發、業務營運及系統維護。二零二五年上半年分類營業額為41,300,000港元，而二零二四年上半年為57,100,000港元。二零二五年上半年分類經營虧損為23,900,000港元，而二零二四年上半年則為21,100,000港元，主要由於於二零二五年上半年，按公平值計入損益之金融資產公平值虧損為2,900,000港元，而二零二四年上半年為2,200,000港元。 In 1H2025, we continued to provide high-quality and efficientsupporting services, such as product development, businessoperation and system maintenance, to China Mobile Fintech,the IVR Base of China Mobile and the Animation Base of ChinaMobile. Segmental turnover for 1H2025 amounted to HK$41.3million as compared to HK$57.1 million in 1H2024. Segmentaloperating loss for 1H2025 amounted to HK$23.9 million ascompared to HK$21.1 million in 1H2024, which was primarilyattributable to the fair value loss on a financial asset throughprofit or loss amounting to HK$2.9 million in 1H2025 ascompared to HK$2.2 million in 1H2024.