智城发展控股二零二五年中期报告

INTERIM REPORT2025 G E M CHARACTERISTICS OF THE GEM OF THES T O C KE X C H A N G E O F H O N G K O N GLIMITED (THE “STOCK EXCHANGE”) GEM GEM has been positioned as a market designed toaccommodate small and mid-sized companies to whicha higher investment risk may be attached than othercompanies listed on the Stock Exchange. Prospectiveinvestors should be aware of the potential risksof investing in such companies and should makethe decision to invest only after due and carefulconsideration. GEMG E MGEM Given that the companies listed on GEM are generallysmall and mid-sized companies, there is a risk thatsecurities traded on GEM may be more susceptible tohigh market volatility than securities traded on theMain Board and no assurance is given that there will bea liquid market in the securities traded on GEM. Hong Kong Exchanges and Clearing Limited and The StockExchange of Hong Kong Limited take no responsibility forthe contents of this report, make no representation as to itsaccuracy or completeness and expressly disclaim any liabilitywhatsoever for any loss howsoever arising from or in relianceupon the whole or any part of the contents of this report. This report, for which the directors (the “Directors”) ofSmart City Development Holdings Limited (the “Company”)collectively and individually accept full responsibility, includesparticulars given in compliance with the Rules Governingthe Listing of Securities on GEM of the Stock Exchange (the“GEM Listing Rules”) for the purpose of giving informationwith regard to the Company. The Directors, having madeall reasonable enquiries, confirm that to the best of theirknowledge and belief the information contained in thisreport is accurate and complete in all material respects andnot misleading or deceptive, and there are no other mattersthe omission of which would make any statement herein orthis report misleading. G E MGEM INTERIM RESULTS The board of Directors (the “Board”) of the Company ispleased to announce the unaudited condensed consolidatedfinancial results of the Company and its subsidiaries(collectively the “Group”) for the six months ended 30September 2025 (the “Reporting Period”), together withthe unaudited comparative figures for the correspondingperiod in 2024, as follows: CONDENSED CONSOLIDATED STATEMENTOF PROFIT OR LOSS For the six months ended 30 September 2025 CONDENSED CONSOLIDATED STATEMENTOF FINANCIAL POSITION CONDENSED CONSOLIDATED STATEMENTOF FINANCIAL POSITION (Continued) As at 30 September 2025 For the six months ended 30 September 2025 These reserve accounts comprise the consolidatedreserves of HK$66,083,000 (31 March 2025:HK$75,603,000) in the condensed consolidatedstatement of financial position as at 30 September2025. 66,083,00075,603,000 CONDENSED CONSOLIDATED STATEMENTOF CASH FLOWS For the six months ended 30 September 2025 CONDENSED CONSOLIDATED STATEMENTOF CASH FLOWS (Continued) For the six months ended 30 September 2025 NOTES TO THE UNAUDITEDCONDENSED CONSOLIDATEDFINANCIAL STATEMENTS 1. 1.GENERAL INFORMATION 5711 Smart City Development Holdings Limited (the“Company”) was incorporated in the CaymanIslands under the Companies Law (as revised) (nowknown as the Companies Act (2021 Revision)) ofthe Cayman Islands as an exempted company withlimited liability on 18 July 2014. The principal placeof business of the Company is located at 11th Floor,Nanyang Plaza, 57 Hung To Road, Kwun Tong,Kowloon, Hong Kong. The Company is an investment holding company.The Company and its subsidiaries (collectivelyreferred to as the “Group”) are principally involvedin the following activities: (i) provision of electricaland mechanical engineering works and alterations,addition, renovation, refurbishment and fitting-out works, mainly in Hong Kong; (ii) investment inmarketable securities; (iii) investment in properties;and (iv) money lending. (i)(ii)(iii)(iv) 2. 2.BASIS OF PREPARATION GEMGEM1834 These unaudited condensed consolidated financialstatements have been prepared in accordance withthe applicable disclosure requirements of Chapter18 of the Rules Governing the Listing of Securitieson GEM of the Stock Exchange (the “GEM ListingRules”) and with Hong Kong Accounting Standard(“HKAS”) 34 “Interim Financial Reporting” issuedby the Hong Kong Institute of Certified PublicAccountants (“HKICPA”). They have been preparedunder the historical cost convention, except forleasehold land and buildings classified as property,plant and equipment, investment properties andfinancial assets at fair value through profit or losswhich have been measured at valuation or fair value.These unaudited condensed consolidated financialstatements should be read in conjunction with theannual accounts for the year ended 31 March 2025. T h ea c c o u n t i n g p o l i c i e s a n d m e t h o d s o fcomputation used in the unaudited condensedconsolidated financial statements for the six monthsended 30 September 2025 are the same as thosefollowed in the prepara