嘉瑞国际二零二五年中期报告

CONTENTS Corporate Information2Key Information for Shareholders5Condensed Consolidated Financial StatementsCondensed Consolidated Statement of Profit or Loss6Condensed Consolidated Statement of Profit or Loss andOther Comprehensive Income8Condensed Consolidated Statement of Financial Position9Condensed Consolidated Statement of Changes in Equity11Condensed Consolidated Statement of Cash Flows12Notes to the Condensed Consolidated Financial Statements13Management Discussion and Analysis46Other Information55 CORPORATE INFORMATION公司資料 DIRECTORS Executive Directors Mr. Lee Yuen Fat(Chairman and Chief Executive Officer)Mr. Wong Wing Chuen(Vice Chairman)Ms. Chan So WahIr Chan Sin Wing(appointed with effect from 30 June 2025) Independent Non-Executive Directors BBS, JPGBS, MH, JP Professor Sun Kai Lit, CliffBBS, JPIr Dr. Lo Wai KwokGBS, MH, JPMr. Kong Kai Chuen, Frankie(formerly known as Kong To Yeung, Frankie)Mr. Tang Koon Yiu, Thomas CHIEF EXECUTIVE OFFICERMr. Lee Yuen Fat CHIEF FINANCIAL OFFICER(Note)Mr. Yu Wai Chun AUTHORISED REPRESENTATIVESMs. Chan So WahMs. Leung Lai Seung COMPANY SECRETARYMs. Leung Lai Seung AUDIT COMMITTEE BBS, JPGBS, MH, JP Mr. Kong Kai Chuen, Frankie(Chairman)(formerly known as Kong To Yeung, Frankie)Professor Sun Kai Lit, CliffBBS, JPIr Dr. Lo Wai KwokGBS, MH, JPMr. Tang Koon Yiu, Thomas NOMINATION COMMITTEE Professor Sun Kai Lit, CliffBBS, JP(Chairman)Ir Dr. Lo Wai KwokGBS, MH, JPMr. Kong Kai Chuen, Frankie(formerly known as Kong To Yeung, Frankie)Mr. Tang Koon Yiu, ThomasMr. Lee Yuen FatMs. Chan So Wah(appointed with effect from 30 June 2025) BBS, JPGBS, MH, JP Note: The translation of the Chinese title has been changed fromtowith the English title and responsibility unaffected. CORPORATE INFORMATION (CONTINUED)公司資料（續） REMUNERATION COMMITTEE BBS, JPGBS, MH, JP Professor Sun Kai Lit, CliffBBS, JP(Chairman)Ir Dr. Lo Wai KwokGBS, MH, JPMr. Kong Kai Chuen, Frankie(formerly known as Kong To Yeung, Frankie)Mr. Tang Koon Yiu, ThomasMr. Lee Yuen Fat RISK MANAGEMENT COMMITTEE Mr. Wong Wing Chuen(Chairman)Ms. Chan So WahMr. Wong Wai Chung, Peter(resigned with effect from 29 August 2025)Mr. Yu Wai ChunMs. Lee Ming WaiMr. Cheng Yu Hin(appointed with effect from 29 August 2025) REGISTERED OFFICE Windward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Windward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands PRINCIPAL PLACE OF BUSINESSIN HONG KONG B29 A Room A, 29/F, Tower B, Billion Centre1 Wang Kwong Road, Kowloon BayKowloon, Hong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia Court, Camana BayGrand Cayman, KY1-1100Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia Court, Camana BayGrand Cayman, KY1-1100Cayman Islands HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 18317M Computershare Hong Kong Investor Services Limited17M Floor, Hopewell Centre183 Queen’s Road East, Wanchai, Hong Kong CORPORATE INFORMATION (CONTINUED)公司資料（續） AUDITOR RSM Hong KongCertified Public AccountantsRegistered Public Interest Entity Auditor PRINCIPAL BANKERS The Hongkong and Shanghai Banking Corporation LimitedStandard Chartered Bank (Hong Kong) LimitedBank of China (Hong Kong) Limited WEBSITEwww.kashui.com www.kashui.com KEY INFORMATION FOR SHAREHOLDERS股東主要資料 FINANCIAL CALENDARAnnouncement of 2025 Interim Results29 August 2025 822 STOCK CODE822 BOARD LOT2,000 Shares INVESTOR RELATIONS Ms. Leung Lai SeungCompany SecretaryKa Shui International Holdings LimitedRoom A, 29/F, Tower B, Billion Centre1 Wang Kwong Road, Kowloon BayKowloon, Hong KongTel: (852) 3759 8900Fax: (852) 2412 1743Email: candy.leung@kashui.com B29 A(852) 3759 8900(852) 2412 1743candy.leung@kashui.com CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS簡明綜合損益表 For the six months ended 30 June 2025 The board (the “Board”) of directors (the “Directors”) ofKa Shui International Holdings Limited (the “Company”) ispleasedto announce the unaudited interim financialresults of the Company and its subsidiaries (collectivelythe“Group”)for the six months ended 30 June 2025,t o g e t h e rw i t h t h e c o m p a r a t i v e f i g u r e s f o r t h ecorresponding period in 2024. CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS (CONTINUED)簡明綜合損益表（續） For the six months ended 30 June 2025 CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME簡明綜合損益表及其他全面收益表 For the six months ended 30 June 2025 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION簡明綜合財務狀況表 As at 30 June 2025 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)簡明綜合財務狀況表（續） As at 30 June 2025 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY簡明綜合權益變動表 For the six months ended 30 June 2025 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS簡明綜合現金流量表 For the six months ended 30 June 2025 NOTES TO THE CONDENSED CONSOL