剑虹集团控股2025/26年中期报告

(Incorporated in the Cayman Islands with limited liability) Stock code: 01557 INTERIM REPORT2025/26 CONTENTS 02Corporate Information04Management Discussion and Analysis16Corporate Governance and OtherInformation21Condensed Consolidated Statement ofProfit or Loss and Other ComprehensiveIncome24Condensed Consolidated Statement ofFinancial Position26Condensed Consolidated Statement ofChanges in Equity27Condensed Consolidated Statement ofCash Flows28Notes to the Condensed ConsolidatedInterim Financial Information58Review Report to the Board of Directors Corporate Information公司資料 BOARD OF DIRECTORSExecutive DirectorsMr. Chang Chih-Chia(Chairman)Mr. Yang XuefengDr. Wang Lei Independent Non-executive DirectorsMr. Feng ZhidongMs. Liu YixingMs. Situ Danni (appointed on 17 April 2025) COMPANY SECRETARYMs. Lo Wan Man AUDIT COMMITTEEMs. Liu Yixing(Chairman)Mr. Feng ZhidongMs. Situ Danni (appointed on 17 April 2025) NOMINATION COMMITTEEMr. Chang Chih-Chia(Chairman)Ms. Liu YixingMs. Situ Danni (appointed on 17 April 2025) REMUNERATION COMMITTEEMs. Liu Yixing(Chairman)Mr. Feng ZhidongMs. Situ Danni (appointed on 17 April 2025) 18601 OF BUSINESS IN HONG KONGUnit 01, 86/FInternational Commerce Centre1 Austin Road WestKowloonHong Kong AUDITORMcMillan Woods (Hong Kong) CPA Limited Ocorian Trust (Cayman) Ltd.Windward 3Regatta Office ParkP. O. Box 1350Grand CaymanKY1-1108Cayman Islands PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICEOcorian Trust (Cayman) Ltd.Windward 3Regatta Office ParkP. O. Box 1350Grand CaymanKY1-1108Cayman Islands PRINCIPAL BANKERSDah Sing Bank, LimitedDBS Bank (Hong Kong) LimitedFujian Haixia Bank Co., Ltd.The Bank of East Asia, LimitedThe Hongkong and Shanghai BankingCorporation LimitedUnited Overseas Bank Limited 3382333301-04 HONG KONG BRANCH SHAREREGISTRAR AND TRANSFER OFFICEUnion Registrars LimitedSuites 3301-04, 33/FTwo Chinachem Exchange Square338 King’s RoadNorth PointHong Kong 01557 STOCK CODE01557 WEBSITEwww.kh-holdings.com www.kh-holdings.com Management Discussion and Analysis管理層討論及分析 BUSINESS REVIEWK .H .G r o u p H o l d i n g s L i m i t e d( t h e “Company”) and its subsidiaries (collectively,the “Group”) were principally engaged inthe provision of foundation and constructionservices (the “Foundation and Construction”)andproduction and sales of chemicalproducts (the “Chemical Business”). 19 During the six months ended 30 September2025(the“Period”),K.H.FoundationsLimited (“KHF”), a wholly-owned subsidiaryof the Company, has been deconsolidatedfrom the consolidated financial statements ofthe Group, and details of KHF’s winding-upinformationare set out in the note 19tothe condensed consolidated interimfinancial information. From 22 July 2025,the Foundation and Construction businessin Hong Kong has been ceased along withKHF’s winding-up. The Group will focus onthe construction service and the ChemicalBusiness in Mainland China. FOUNDATION AND CONSTRUCTION SERVICESAs stated above, with the termination of the foundation business in Hong Kong, therewas no revenue from foundation projectsduring the Period. During the Period, the Group focused onthe construction business in Mainland Chinaand recorded a revenue of approximatelyHK$19,078,000. 19,078,000 4114 For the construction business in MainlandChina, There were 4 projects in progressas at 31 March 2025. one of these projectshave been completedand one new projecthas been awarded to the Group during thePeriod. As a result, there were a total of 4projects in progress as at 30 September2025. PRODUCTION AND SALES OF CHEMICAL PRODUCTSon 21 March 2025, the Group completed 60,000NMPNMP9,242,000 the acquisition of Changzhou YonghongYifengNew Material Technology Co.,L i m i t e dt o g e t h e r w i t h i t s s u b s i d i a r y( “ C h a n g z h o uY o n g h o n g G r o u p ” ) .ChangzhouYonghong Group owns anNMP recycling and integrated utilizationfacilities with an annual capacity of 60,000tons. During the Period, its businesses inthe fields of hazardous waste neutralisationandrecycling of renewable resourcesa r eg r a d u a l l y b e i n g c a r r i e d o u t ,a n dstrategic cooperative relationships havebeen established with multiple importantcustomers. During the Period, the businessof the Changzhou Yonghong Group mainlycovers the entrusted processing, productionand sales of NMP solution, and recorded arevenue of approximately HK$9,242,000. Management Discussion and Analysis管理層討論及分析 FINANCIAL REVIEWThe Group’s overall revenue increased 39.8 6 9 4 , 0 0 03 9 . 828,320,000 timesfrom approximately HK$694,000during the six months ended 30 September2 0 2 4( t h e“ C o m p a r a t i v e P e r i o d ” )t oapproximately HK$28,320,000 during thePeriod. The increase in the Group’s overallrevenuewas mainly attributable to thechanges in the Group’s core business: 1)28,320,000694,000 1)The primary revenue during the Periodwasgenerated from constructionservicesand Chemical BusinessinM a i n l a n d C h i n a amounting toHK$28