沪港联合中期报告2025/26

CONTENTS Corporate Information Condensed Consolidated Interim Income Statement4 Condensed Consolidated Interim Statement of Comprehensive Income5 Condensed Consolidated Interim Statement of Financial Position6 Condensed Consolidated Interim Statement of Changes in Equity8 Condensed Consolidated Interim Statement of Cash Flows10 Notes to the Condensed Consolidated Interim Financial Information11 Management Discussion and Analysis46 Other Information58 CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Mr. Yao Cho Fai Andrew(Chairman and Chief Executive Officer)Mr. Lau Chi Chiu Non-executive Director Ms. Wong Kwai Sun Independent Non-executive Directors Mr. Yeung Wing Sun MikeMr. Li YinquanMs. Cheung Marn Kay(appointed on 27th June 2025)Mr. Xu Lin Bao(retired on 22nd August 2025) EXECUTIVE COMMITTEE Mr. Yao Cho Fai Andrew(Chairman)Mr. Lau Chi Chiu AUDIT COMMITTEE Mr. Li Yinquan(Chairman)Mr. Yeung Wing Sun MikeMs. Cheung Marn Kay(appointed on 27th June 2025)Mr. Xu Lin Bao(retired on 22nd August 2025) REMUNERATION COMMITTEE Ms. Cheung Marn Kay(Chairlady)(appointed on 27th June 2025 as a member andbecame the Chairlady on 22nd August 2025)Mr. Xu Lin Bao(Chairman)(retired on 22nd August 2025)Mr. Yao Cho Fai AndrewMr. Li Yinquan NOMINATION COMMITTEE Mr. Yao Cho Fai Andrew(Chairman)Mr. Yeung Wing Sun MikeMs. Cheung Marn Kay(appointed on 27th June 2025)Mr. Xu Lin Bao(retired on 22nd August 2025) AUTHORISED REPRESENTATIVES Mr. Yao Cho Fai AndrewMs. Wong Yuen Sze COMPANY SECRETARY Ms. Wong Yuen Sze AUDITOR PricewaterhouseCoopersCertified Public Accountants andRegistered Public Interest Entity Auditors PRINCIPAL BANKERS Bank of China (Hong Kong) LimitedBank of Communications Co., Ltd.China Construction Bank Corporation LimitedChong Hing Bank LimitedCitibank, N.A.Dah Sing Bank, LimitedFubon Bank (Hong Kong) LimitedShanghai Commercial Bank LimitedShanghai Pudong Development Bank Co., Ltd.The Bank of East Asia, LimitedThe Hongkong and Shanghai Banking Corporation Limited REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM11Bermuda Clarendon House2 Church StreetHamilton HM11Bermuda PRINCIPAL PLACE OF BUSINESS IN HONG KONG Rooms 1103-05, 11th FloorEast Town Building41 Lockhart RoadWanchai, Hong Kong 41111103-05 Website:https://www.hkshalliance.comE-mail Address:enquiry@hkshalliance.com :https://www.hkshalliance.comenquiry@hkshalliance.com SHARE REGISTRARS AND TRANSFER OFFICES Principal Registrar Appleby Global CorporateServices (Bermuda) LimitedCanon’s Court22 Victoria StreetPO Box HM 1179Hamilton HM EXBermuda Appleby Global CorporateServices (Bermuda) LimitedCanon’s Court22 Victoria StreetPO Box HM 1179Hamilton HM EXBermuda Hong Kong Branch Registrar 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchai, Hong Kong STOCK CODE 1001 1001 CONDENSED CONSOLIDATED INTERIM INCOME STATEMENT For the six months ended 30th September 2025 UNAUDITED INTERIM RESULTS T h eb o a r d o f d i r e c t o r s(t h e“B o a r d”)o f H o n g K o n gShanghai Alliance Holdings Limited (the “Company”) herebyannouncesthe unaudited condensed consolidated interimresults of the Company and its subsidiaries (collectively, the“Group”)for the six months ended 30th September 2025,together with comparative figures, as follows: The above condensed consolidated interim income statementshould be read in conjunction with the accompanying notes. CONDENSED CONSOLIDATED INTERIM STATEMENT OF COMPREHENSIVE INCOME For the six months ended 30th September 2025 Theabove condensed consolidated interim statement ofcomprehensive income should be read in conjunction withthe accompanying notes. CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION As at 30th September 2025 CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION (CONTINUED) As at 30th September 2025於二零二五年九月三十日 Theabove condensed consolidated interim statement offinancialposition should be read in conjunction with theaccompanying notes. CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY For the six months ended 30th September 2025 CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY (CONTINUED) For the six months ended 30th September 2025截至二零二五年九月三十日止六個月 Theabove condensed consolidated interim statement ofchangesin equity should be read in conjunction with theaccompanying notes. CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS For the six months ended 30th September 2025 NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION 1 1GENERAL INFORMATION The Company is a limited liability company incorporatedinBermuda on 12th January 1994 as an exemptedcompany under the Companies Act 1981 of Bermuda(as amended). The shares of the Company have beenlistedon the Main Board of The Stock Exchange ofHong Kong Limited (the “Stock Exchange”) since 18thFebruary 1994. The address of its registered office isC