黄河实业中期报告2025

2Corporate Information公司資料4Corporate Profile企業簡介9Condensed Consolidated Statement ofComprehensive Income簡明綜合全面收益表11Condensed Consolidated Statement ofFinancial Position簡明綜合財務狀況表13Condensed Consolidated Statement ofChanges in Equity簡明綜合權益變動表15Condensed Consolidated Statement ofCash Flows簡明綜合現金流量表16Notes to the Condensed ConsolidatedFinancial Statements簡明綜合財務報表附註27Management Discussion and Analysis管理層討論與分析43Other Information其他資料 CORPORATE INFORMATION EXECUTIVE DIRECTORS Vong Tat Ieong David (Chief Executive Officer)Xu Siping INDEPENDENT NON-EXECUTIVE DIRECTORS Daphne Bontein da Rosa GohelJames Andrew McGrah Susie AuFung Ka Keung DavidDaphne Bontein da Rosa Gohel(deceased on 17 August 2025)James Andrew McGrah(appointed on 14 November 2025) AUDIT COMMITTEE Daphne Bontein da Rosa GohelJames Andrew McGrah Fung Ka Keung David (Chairman)Susie AuDaphne Bontein da Rosa Gohel(deceased on 17 August 2025)James Andrew McGrah(appointed on 14 November 2025) REMUNERATION COMMITTEE Daphne Bontein da Rosa GohelJames Andrew McGrah Fung Ka Keung David (Chairman)Daphne Bontein da Rosa Gohel(deceased on 17 August 2025)James Andrew McGrah(appointed on 14 November 2025)Vong Tat Ieong David NOMINATION COMMITTEE Daphne Bontein da Rosa GohelJames Andrew McGrah Vong Tat Ieong David (Chairman)Fung Ka Keung DavidDaphne Bontein da Rosa Gohel(deceased on 17 August 2025)James Andrew McGrah(appointed on 14 November 2025) COMPANY SECRETARY Wong Wing Cheung AUDITOR Zhonghui Anda CPA Limited23/F., Tower 2, Enterprise Square Five38 Wang Chiu Road, Kowloon BayKowloon, Hong KongRegistered Public Interest Entity Auditors 38223 CORPORATE INFORMATION(Continued) REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS IN HONGKONG 8317A 17A EGL Tower83 Hung To RoadKwun TongKowloonHong Kong HONG KONG SHARE REGISTRAR AND TRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre,16 Harcourt RoadHong Kong COMPANY WEBSITE www.thevongroup.com www.thevongroup.com STOCK CODE HK$14.8 m CORPORATE PROFILE Vongroup:Enabling Digital Acceleration for GlobalEnterprises Vongroup Limited is a global provider of technology andbusiness solutions, headquartered in Hong Kong with anoperational presence in the United Kingdom. For over adecade, the company has provided and operated integratedsoftware, business technology platforms, IT services, andstrategic consulting to help businesses accelerate theirdigital adoption and technology transformation. IT Central to our approach is our continuous investment intechnology and business intelligence, to expand our integrateddigital ecosystem. Vongroup’s expertise includes the delivery of cutting-edge AIsolutions, business intelligence platforms, FinTech services, anddigital event management systems for major and global events. AI The company also provides e-commerce solutions, EdTechand remote training platforms, SaaS-based mobile enterpriseapplications, and technologies for virtual and hybrid events.Complementing these are enterprise messaging and productivitytools, alongside big data analytics capabilities. Collectively,these offerings strengthen customer partnerships and drivemutual, long-term growth. SaaS Supported by a dedicated team and the integrated VongroupEcosystem, the company transforms technology into strategicadvantage, fostering long-term partnerships for mutual growth. Towards Autonomous Business Intelligence –AIAIMcKinsey2025AI– Vongroup’s advancement in Business Intelligence marksa strategic evolution beyond digital acceleration – towardpowering autonomous enterprise intelligence. This representsVongroup playing a role at the convergence of human expertise,AI agents, software systems, and data. This is designed toevolve continuously, and to produce business outcomes thatare significantly faster, more adaptive, and increasingly self-directed. In this respect, we believe that AI stands out notonly as a powerful technology wave on its own but also as afoundational amplifier of other trends (McKinsey’s TechnologyTrend Outlook 2025 highlights this). With its impact increasinglyoccurring via a combination with other trends, we work on advancedAI that both accelerates progress within individual domains and alsounlocks new possibilities at the intersections – like training robots,advancing scientific discoveries in bioengineering, optimisingenergy systems, and more. CORPORATE PROFILE(Continued) Towards Autonomous Business Intelligence(Continued) 2026Gartner We also believe that the global technology landscape in 2026will transition from a phase of massive capital investment toone of operational execution and accountability. For example,Gartner expects: •IT2026IT69.8% •AI2026AI2AI •Global IT Spending Milestone:Worldwide IT spending isforecast to surpass US$6 trillion for the first time in