星谦发展二零二五年中期报告

CONTENTSCorporate InformationManagement Discussion and AnalysisCorporate Governance and Other InformationIndependent Review ReportCondensed Consolidated Statement of Profit or LossCondensed Consolidated Statement of Profit or Loss andOther Comprehensive IncomeCondensed Consolidated Statement of Financial PositionCondensed Consolidated Statement of Changes in EquityCondensed Consolidated Statement of Cash FlowsNotes to the Condensed Consolidated Financial StatementsNote:This interim report is in English and Chinese. In case of any inconsistency,the English version shall prevail. Pages241014161718202123 CORPORATE INFORMATIONInfinity Development Holdings Company Limited |DIRECTORSExecutive DirectorsMr. Ieong Un(Chairman and Chief Executive Officer)Mr. Ip Chin WingMr. Ip Ka LunMr. Stephen Graham PrinceIndependent Non-executive DirectorsMr. Chan Wing Yau GeorgeMr. Simon LukMs. Li Sin ManMr. Tong Hing Wah(Cessation with effect from 14 February 2025)AUDIT COMMITTEEMs. Li Sin Man(Chairlady)Mr. Tong Hing Wah(Chairman)(Cessation with effect from 14 February 2025)Mr. Chan Wing Yau GeorgeMr. Simon LukNOMINATION COMMITTEEMr. Simon Luk(Chairman)Mr. Chan Wing Yau GeorgeMs. Li Sin ManMr. Ip Ka LunMr. Tong Hing Wah(Cessation with effect from 14 February 2025)REMUNERATION COMMITTEEMr. Chan Wing Yau George(Chairman)Mr. Simon LukMs. Li Sin ManMr. Ip Ka LunMr. Tong Hing Wah(Cessation with effect from 14 February 2025)COMPANY SECRETARYMr. Shum Hoi LuenAUTHORISED REPRESENTATIVESMr. Ip Chin WingMr. Shum Hoi LuenAUDITORRSM Hong KongCertified Public Accountants(Public Interest Entity Auditor registeredin accordance with the Accounting and Financial ReportingCouncil Ordinance) Stephen Graham Prince CORPORATE INFORMATIONREGISTERED OFFICEP.O. Box 31119 Grand PavilionHibiscus Way, 802 West Bay RoadGrand CaymanKY1-1205Cayman IslandsPRINCIPAL PLACE OF BUSINESS IN HONG KONGUnits 2201–2202, 22/FAlliance Building133 Connaught Road CentralHong KongHEAD OFFICE OF THE GROUPRua de Pequim No. 202A–246Macau Finance Centre16 Andar A–D, MacauLEGAL ADVISERCLKW Lawyers LLPPRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICEVistra (Cayman) LimitedP.O. Box 31119 Grand PavilionHibiscus Way, 802 West Bay RoadGrand CaymanKY1-1205Cayman IslandsHONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICETricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong KongPRINCIPAL BANKERSBanco Tai Fung, S.A.R.L., MacauThe Bank of East Asia, Ltd., MacauThe Hongkong and Shanghai Banking Corporation Limited, MacauCitibank, N.A., Hong KongDBS Bank (Hong Kong) LimitedBank of China (Hong Kong) LimitedSTOCK CODE640CORPORATE WEBSITEwww.infinitydevelopment.com.hk Interim Report 2025 |P.O. Box 31119 Grand PavilionHibiscus Way, 802 West Bay RoadGrand CaymanKY1-1205Cayman Islands133222201–2202202A–24616A–DCLKW Lawyers LLPVistra (Cayman) LimitedP.O. Box 31119 Grand PavilionHibiscus Way, 802 West Bay RoadGrand CaymanKY1-1205Cayman Islands1617640www.infinitydevelopment.com.hk MANAGEMENT DISCUSSION AND ANALYSISInfinity Development Holdings Company Limited |409,306,00023.1%153,394,00022.8%25,274,00011.7%65,548,00023.7%FINANCIAL REVIEWRevenueThe revenue of Infinity Development Holdings Company Limited (the“Company”) and its subsidiaries (collectively the “Group”) for thesix months ended 31 March 2025 and 2024 were approximatelyHK$409,306,000 and approximately HK$332,498,000 respectively,representing an increase of approximately 23.1%.The increase in the revenue was mainly due to the increase in therevenue contribution in all geographical regions for the six monthsended 31 March 2025.Gross profitThegross profit of the Group for the six months ended 31March2025 and 2024 were approximately HK$153,394,000 andapproximatelyHK$124,918,000 respectively,representing anincrease of approximately 22.8%.The increase in the gross profit was mainly due to the increase in therevenue as mentioned above.Selling and distribution costsThe selling and distribution costs of the Group for the six monthsended 31 March 2025 and 2024 were approximately HK$25,274,000andapproximately HK$22,622,000 respectively,representing anincrease of approximately 11.7%.The increase in the selling and distribution costs was mainly due tothe increase in the revenue as mentioned above.Administrative expensesThe administrative expenses of the Group for the six months ended31 March 2025 and 2024 were approximately HK$65,548,000 andapproximately HK$53,005,000 respectively, representing an increase ofapproximately 23.7%.The increase in the administrative expenses was mainly attributable tothe increase in the employee benefits expense for the six months ended31 March 2025. 332,498,000124,918,00022,622,00053,005,000 MANAGEMENT DISCUSSION AND ANALYSISProfitfor the period attributable to owners of theCompanyAsa result of the abovementioned,the profit for the periodattributable to owners of the Company for the six months ended31 March 2025 and 2024 were approximately HK$56,609,000 andapproximately HK$40,991,000 respecti