CWT INT'L中期报告2025

CONTENTS Definitions釋義2Corporate Information公司資料5Report on Review of Interim Financial Report中期財務報告之審閱報告7Interim Results中期業績9Condensed Consolidated Statement of Profit orLoss and Other Comprehensive Income簡明綜合損益及其他全面收益表9Condensed Consolidated Statement of FinancialPosition簡明綜合財務狀況表12Condensed Consolidated Statement of Changes inEquity簡明綜合權益變動表14Condensed Consolidated Statement of Cash Flows簡明綜合現金流量表16Notes to the Unaudited Interim Financial Report未經審核中期財務報告附註18Management Discussion and Analysis管理層論述與分析49Interim Dividend中期股息57Purchase, Sale or Redemption of the Company’sListed Securities購買、出售或贖回本公司之上市證券57Directors’ and Chief Executives’ Interests andShort Positions in Shares, Underlying Sharesand Debentures董事及最高行政人員於股份、相關股份及債權證之權益及淡倉57Interests and Short Positions of ShareholdersDiscloseable under the SFO根據證券及期貨條例須予披露之股東權益及淡倉58Audit Committee審核委員會60Compliance with Corporate Governance Code遵守企業管治守則60Compliance with Model Code for SecuritiesTransactions by Directors遵守董事進行證券交易的標準守則60Disclosure of Directors’ Information underRule 13.51B(1) of the Listing Rules根據上市規則第13.51B(1)條作出之董事資料披露60Appreciation致謝60 DEFINITIONS In this interim report, the following expressions shall have thefollowing meanings unless the context requires otherwise:於本中期報告內，除文義另有所指外，下列詞語具有以下涵義： “Model Code” 「標準守則」 “PRC” 「中國」 “Promissory Note” 「承兌票據」 “Restructuring Plan” 「該重整計劃」 “SFO” the Securities and Futures Ordinance (Chapter 571 of the Laws of HongKong)香港法例第571章證券及期貨條例 DEFINITIONS per cent or percentage百分比 BOARD OF DIRECTORS Executive Directors 王侃（主席）趙權汪琪尚多旭（行政總裁） Wang Kan(Chairman)Zhao QuanWang QiShang Duoxu(Chief Executive Officer) Independent Non-executive Directors 林健鋒劉憶霏盧永仁 Lam Kin Fung, JeffreyLiu YifeiLo Wing Yan, William AUDIT COMMITTEE 盧永仁（主席）林健鋒劉憶霏 Lo Wing Yan, William(Chairman)Lam Kin Fung, JeffreyLiu Yifei EXECUTIVE COMMITTEE 王侃（主席）汪琪尚多旭 Wang Kan(Chairman)Wang QiShang Duoxu INDEPENDENT INVESTIGATION COMMITTEE 盧永仁（主席）林健鋒劉憶霏 Lo Wing Yan, William(Chairman)Lam Kin Fung, JeffreyLiu Yifei NOMINATION COMMITTEE 王侃（主席）林健鋒盧永仁 Wang Kan(Chairman)Lam Kin Fung, JeffreyLo Wing Yan, William REMUNERATION COMMITTEE 盧永仁（主席）王侃林健鋒 Lo Wing Yan, William(Chairman)Wang KanLam Kin Fung, Jeffrey CORPORATE INFORMATION CHIEF FINANCIAL OFFICERYan Shen 顏伸 劉立毅 AUDITOR 天職香港會計師事務所有限公司於《財 務 匯 報 局 條 例》下 的 註 冊 公 眾 利 益 實 體核數師 Baker Tilly Hong Kong LimitedPublic Interest Entity Auditor registered in accordance with theFinancial Reporting Council Ordinance LEGAL ADVISER AS TO HONG KONG LAW 貝克•麥堅時律師事務所 Baker & McKenzie SHARE REGISTRAR AND TRANSFER OFFICE 卓佳證券登記有限公司香港夏愨道16號遠東金融中心17樓 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong REGISTERED OFFICE 香港灣仔港灣道18號中環廣場47樓4705室 Suite 4705, 47th Floor,Central Plaza, No. 18 Harbour RoadWanchai, Hong Kong STOCK CODE 521 521 www.cwtinternational.com WEBSITE www.cwtinternational.com REPORT O N REVIEW O F INTERIM FINANCIAL REPORT Report on review of interim financial report to the board ofdirectors of CWT International Limited CWT International Limited （於香港註冊成立之有限公司） (Incorporated in Hong Kong with limited liability) INTRODUCTION We have reviewed the interim financial report of CWT InternationalLimited (the “Company”) and its subsidiaries (together, the“Group”) set out on pages 9 to 48, which comprises thecondensed consolidated statement of financial position as of 30June 2025 and the related condensed consolidated statementof profit or loss and other comprehensive income, condensedconsolidated statement of changes in equity and condensedconsolidated statement of cash flows for the six-month period thenended, and explanatory notes. The Rules Governing the Listing ofSecurities on The Stock Exchange of Hong Kong Limited requirethe preparation of an interim financial report to be in compliancewith the relevant provisions thereof and Hong Kong AccountingStandard 34 “Interim Financial Reporting” (“HKAS 34”) issuedby the Hong Kong Institute of Certified Public Accountants(“HKICPA”). The directors of the Company are responsible forthe preparation and presentation of this interim financial reportin accordance with HKAS 34. Our responsibility is to express aconclusion on the interim financial report based on our review, andto report our conclusion solely to you, as a body, in accordancewith our agreed terms of engagement, and for no other purpose.We do not assume responsibility towards or accept liability to anyother person for the contents of this report. 本行已審閱第9至48頁所載CWT InternationalLimited（「」）及其附屬公司（統稱「」）的中期財務報告，當中包括截至二零二五年六月三十日的簡明綜合財務狀況表，以及截至該日止六個月期間的相關簡明綜合損益及其他全面收益表 、 簡 明 綜 合 權 益 變 動 表 及 簡 明 綜 合 現 金 流 量表，以及解釋附註。香港聯合交易所有限公司證券上市規則規定，中期財務報告須按照其相關條文以及香港會計師公會（「」）頒佈的香港會計準則第34號「中期財務報告」（「34」）編製。貴公司董事須負責根據香港會計準則第34號編製及呈列本中期財務報告。本行責任是根據協定的委聘條款按照本行的審閱就中期財務報告發表結論，並僅向閣下全體報告，除此之外，本報告不作其他用途。本行不會就本報告的內容向任何其他人士負上或承擔任何責任。 SCOPE OF REVIEW 本行已根據香港會計師公會頒佈的香港審閱工作準則第2410號「實體的獨立核數師對中期財務資料的審閱」（「2410」）進行審閱。中期財務報告的審閱包括主要向負責財務及會計事宜的人員作出查詢，並應用分析及其他審閱程序。審閱的範圍遠