蓝河控股2025/2026 中期报告

(Incorporated in Bermuda with limited liability)Stock Code: 0498.HK INTERIM REPORT 2025/2026 Blue River Holdings Limited藍河控股有 限 公 司 以 香 港 為 基 地， 主 要（ 其 中包 括）於 中 華 人 民 共 和 國 從 事 燃 氣 配送、物 流 和 能 源 相 關 業 務，以 及 物 業 投資、證 券 交 易 和 投 資，並 提 供 融 資 相 關服務。 Based in Hong Kong, Blue River Holdings Limitedisprincipally engaged in,among others,gasdistribution, logistics and energy-related businessesin the People’s Republic of China, as well as propertyinvestment, securities trading and investment, andprovision of financing related services. 目錄Contents Corporate InformationManagement Discussion and AnalysisOther InformationCondensed Consolidated Income StatementCondensed Consolidated Statement ofComprehensive IncomeCondensed Consolidated Statement of Financial PositionCondensed Consolidated Statement of Changes in EquityCondensed Consolidated Statement of Cash FlowsNotes to the Condensed Consolidated Financial Statements公司資料管理層討論及分析其他資料簡明綜合收益表簡明綜合全面收益表簡明綜合財務狀況表簡明綜合權益變動表簡明綜合現金流量表簡明綜合財務報表附註2522293132343638 CORPORATE INFORMATION 董事局 BOARD OF DIRECTORS 執行董事 Executive Directors Kwong Kai Sing, Benny(Chairman and Managing Director)Au Wai June 獨立非執行董事 Independent Non-Executive Directors Liu JianyiYu Chung LeungLam John Cheung-wah 董事局委員會 BOARD COMMITTEES 審核委員會 Audit Committee Yu Chung Leung(Chairman)Lam John Cheung-wahLiu Jianyi 薪酬委員會 Remuneration Committee Lam John Cheung-wah(Chairman)Yu Chung LeungLiu JianyiAu Wai June 提名委員會 Nomination Committee Lam John Cheung-wah(Chairman)Yu Chung LeungLiu JianyiAu Wai June 企業管治及法規委員會 Corporate Governance andCompliance Committee Liu Jianyi(Chairman)Yu Chung LeungLam John Cheung-wahAu Wai JuneHo Sze Nga, Maggie 股份回購委員會 Share Repurchase Committee Liu Jianyi(Chairman)Au Wai June 公司秘書 COMPANY SECRETARY Ho Sze Nga, Maggie 授權代表 AUTHORISED REPRESENTATIVES Kwong Kai Sing, BennyHo Sze Nga, Maggie 核數師 AUDITOR Crowe (HK) CPA LimitedCertified Public AccountantsRegistered Public Interest Entity Auditors 主要往來銀行 PRINCIPAL BANKERS Bank of China (Hong Kong) LimitedThe Hongkong and Shanghai Banking Corporation Limited 法律顧問 LEGAL ADVISERS Eric Yung & Co.Conyers Dill & Pearman (Bermuda) 財務顧問 FINANCIAL ADVISER Akron Corporate Finance Limited 註冊地址 REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda CORPORATE INFORMATION公司資料 主要營業地點 PRINCIPAL PLACE OF BUSINESS 2831+852 3198 0469+852 2372 0641 31st Floor, China United Centre28 Marble RoadNorth PointHong KongTel: +852 3198 0469Fax: +852 2372 0641 股份過戶登記總處 PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda 股份過戶登記分處 BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 1617 網址www.blueriverholdings.com.hk WEBSITE www.blueriverholdings.com.hk 股份代號 STOCK CODE Hong Kong Stock Exchange 498 Dear Shareholders, BlueRiver Holdings Limited2025930 On behalf of the board (the “Board”) of directors (the“Directors”) of Blue River Holdings Limited (the“Company”,together with its subsidiaries, the “Group”), we wouldlike to present the unaudited interim results of theGroup for the six months ended 30 September 2025(the “Period”) to the shareholders of the Company (the“Shareholders”). 財務表現及狀況回顧 REVIEW OF FINANCIAL PERFORMANCEAND POSITION 3,20020242,30040020246002,00020241.23 TheGroup recorded a consolidated revenue ofapproximatelyHK$32 million(2024:HK$23 million)and gross profit of approximately HK$4 million (2024:HK$6 million) for the Period. During the Period, theGroup recorded a loss before taxation of approximatelyHK$20million(2024:HK$123 million),which wascomposed of: (i)4002024200(ii)62024(iii)20020241,100(iv)120241(v)2,20020248,800(vi)1,10020242,100 (i)netloss of approximately HK$4 million(2024:HK$2 million) in ports and logistics segment;(ii)net gain of approximately HK$0.06 million (2024:Nil) in coal trading (the “Coal Trading”) segment;(iii)net loss of approximately HK$2 million(2024:HK$11 million) in property segment;(iv)net loss of approximately HK$0.01 million (2024:HK$0.01 million) in securities segment;(v)net loss of approximately HK$22 million (2024:HK$88 million) in financial services segment;(vi)net corporate and other expenses(includingtheimpairment loss on right-of-use assets)ofapproximatelyHK$11 million(2024:HK$21million); MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析 (vii)420248 (vii)net exchange loss of approximately HK$0.04million (2024: HK$0.08 million); (viii)1002024100 (viii) finance costs of approximately HK$1 million (2024:HK$1 million); and (ix)2,0002024 (ix)impairment loss reversed on amounts due fromformer subsidiaries in liquidation of approximatelyHK$20 million (2024: Nil). 6202432,00020241.23 After taking into account the tax credit of approxima