Core Viewpoint - Zhongxing Group Holdings (00055) expects a reduced loss of approximately HKD 19 million to HKD 34 million for the first half of 2025, compared to a loss of about HKD 40.1 million in the first half of 2024 [1] Financial Performance - The anticipated loss for the first half of 2025 is primarily attributed to a fair value loss of approximately HKD 4 million from investment properties, which is an improvement from a fair value loss of about HKD 12.7 million in the first half of 2024 [1] - The company also reported losses in its property development, property investment, and manufacturing and sales segments for the first half of 2025 [1]

Core Viewpoint - The company anticipates a loss of approximately HKD 19 million to HKD 34 million in the first half of 2025, following a loss of about HKD 40.1 million in the first half of 2024 [1] Group 1: Financial Performance - The expected loss for the first half of 2025 is primarily attributed to a fair value loss of approximately HKD 4 million on investment properties, compared to a fair value loss of about HKD 12.7 million in the first half of 2024 [1] - The company also expects losses in its property development, property investment, and manufacturing and sales segments for the first half of 2025 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 NEWAY GROUP HOLDINGS LIMITED 中 星 集 團 控 股 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號：00055） 盈利警告 本公告乃由本公司根據上市規則第13.09條及證券及期貨條例第XIVA部之內 幕消息條文作出。 董事會謹此通知股東及本公司有意投資者，根據目前所得本集團未經審核 綜合管理賬目之初步審閱及分析，本集團預期將於二零二五年上半年錄得 介乎約19,000,000港元至34,000,000港元之虧損，而二零二四年上半年則錄得 虧損約40,100,000港元。 股東及本公司有意投資者於買賣本公司股份時務請審慎行事。 本公告乃由Neway Group Holdings Limited中星集團控股有限公司*（「本公 司」，連同其附屬公司統稱「本集團」）根據香港聯合交易所有限公司證券上市 規則（「上市規則」）第13.09條及香港法例第571章證券及期貨條 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 NEWAY GROUP HOLDINGS LIMITED 中 星 集 團 控 股 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號：00055） 終止須予披露交易 有關提前終止租賃協議 終止租賃協議 茲提述本公司日期為二零二四年十一月二十九日內容有關租賃協議之公告 （「該公告」）。除文義另有所指外，本公告所用詞彙與該公告所界定者具有 相同涵義。 於二零二五年八月十五日，本公司之全資附屬公司中大印刷香港（作為租戶） 收到來自業主有關該等物業租賃之接納函以提前終止租賃協議之剩餘租賃 期，自二零二五年八月三十一日起生效。 於二零二五年八月十五日，本公司之全資附屬公司中大印刷香港（作為租戶） 收到來自業主有關該等物業租賃之接納函以提前終止租賃協議之剩餘租賃 期，自二零二五年八月三十一日起生效。 根據接納函，業主同意扣除一個月租金按金作為中大印刷香港所要求提前終 止租賃協議之補償。此外，中大印刷香 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中星集團控股有限公司 (於百慕達註冊成立之有限公司) 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00055 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | HKD | | 0.01 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 50,000,000,000 | HKD | | 0.01 HKD | | 500,000,000 | 本月 ...

Core Viewpoint - The recent approval of the new herbicide Temper™ More by Adama Agricultural Solutions in the United States represents a significant advancement in managing herbicide-resistant weeds, providing farmers with an effective tool to combat persistent weed resistance [1][3]. Group 1: Product Features - Temper™ More utilizes Adama's proprietary Sesgama® formulation technology, enhancing the stability and ease of application of the active ingredients, isoxaflutole and glyphosate [4]. - The product combines two active ingredients with different modes of action, offering a broad spectrum of efficacy against glyphosate-resistant weeds, including pigweed, morning glory, and waterhemp [3][4]. - The dual-action mechanism of Temper™ More allows for prolonged effectiveness, optimizing weed management and reducing the frequency of applications, which can save farmers time and money [3][4]. Group 2: Market Impact - The introduction of Temper™ More addresses the growing challenge of herbicide resistance faced by farmers across the U.S., where traditional glyphosate applications are becoming less effective [2][3]. - The product's flexibility in application timing provides farmers with greater freedom in managing their crop protection strategies, alleviating mid-season application pressures [3][4]. - Adama has conducted extensive trials in key regions, demonstrating that Temper™ More consistently outperforms glyphosate and other single-agent herbicides, particularly against the most widespread and difficult-to-control resistant waterhemp [4].

Core Viewpoint - The company reported a decline in annual revenue for 2024 but showed signs of recovery in the first quarter of 2025, with improved profitability and cost management initiatives yielding positive results [1][2][3] Financial Performance - For the full year 2024, the company achieved revenue of 29.488 billion yuan, a year-over-year decline of 10.0%, and a net loss attributable to shareholders of 2.903 billion yuan [1] - In Q4 2024, the company recorded revenue of 7.965 billion yuan, a quarter-over-quarter increase of 20.4%, but a net loss of 1.065 billion yuan, which increased by 12.9% compared to the previous quarter [1] - In Q1 2025, the company reported revenue of 7.173 billion yuan, a year-over-year decline of 4.5%, but achieved a net profit of 0.151 billion yuan, indicating a turnaround from losses [1] Industry Trends - Some small pesticide varieties have shown signs of price recovery, particularly in insecticides, despite an overall downward trend in pesticide price indices [2] - As of April 27, 2025, the pesticide price index reported a year-over-year decline of 6.1% but a month-over-month increase of 0.29% [2] - The sentiment in the pesticide industry appears to be improving, with expectations for price increases in major herbicides, which could enhance the company's profitability [2] Cost Management and Strategic Initiatives - The company's "Advancement" plan has begun to show results, with a significant reduction in sales expenses and a continuous decline in the sales expense ratio [2] - The company is optimizing cash flow and profitability, which is expected to continue improving in 2025 as expenses are further managed [2] Profit Forecast and Valuation - The net profit forecast for 2025 is maintained at 0.469 billion yuan, with a new forecast for 2026 at 0.627 billion yuan, reflecting a gradual recovery in performance [3] - The target price has been raised by 33.3% to 7.2 yuan, indicating a potential upside of 16.3% from the current stock price, based on improved quarterly performance and sector sentiment [3]

Core Insights - Tianfu Cultural Tourism (000558.SZ) reported a total operating revenue of 179 million yuan for Q1 2025, ranking 10th among disclosed peers, with an increase of 85 million yuan, representing a year-on-year growth of 90.54% [1] - The company's net profit attributable to shareholders was 27.79 million yuan, ranking 8th among peers, with an increase of 1.32 million yuan, reflecting a year-on-year growth of 4.98% [1] - The net cash flow from operating activities was -52.09 million yuan [1] Financial Ratios - The latest debt-to-asset ratio is 46.45%, a decrease of 0.76 percentage points from the previous quarter [3] - The latest gross profit margin is 42.14%, ranking 7th among peers, with an increase of 23.39 percentage points from the previous quarter [3] - The latest return on equity (ROE) is 2.55%, ranking 3rd among peers, with an increase of 0.16 percentage points year-on-year [3] - The diluted earnings per share is 0.02 yuan, ranking 10th among peers, with a year-on-year increase of 5.37% [3] - The total asset turnover ratio is 0.07 times, ranking 7th among peers, with a year-on-year increase of 0.03 times, marking three consecutive years of growth, up 59.19% year-on-year [3] - The inventory turnover ratio is 0.77 times [3] Shareholder Structure - The number of shareholders is 81,000, with the top ten shareholders holding 531 million shares, accounting for 41.15% of the total share capital [3] - The largest shareholder is Chengdu Sports Industry Investment Group Co., Ltd., holding 29.90% [3] - Other notable shareholders include Lainida Holdings Group Co., Ltd. at 8.49% and Industrial and Commercial Bank of China at 0.87% [3]

Financial Performance - Total revenue for the year was approximately HK$480.5 million, a decrease from HK$548.7 million in 2023, representing a decline of about 12.5%[22] - The gross profit margin improved to approximately 20.2%, up from 16.1% in the previous year, indicating a positive trend in profitability[22] - The revenue from the Property Investment Business and the Music and Entertainment Business segments increased, contributing positively to overall performance[20] - Total revenue for the year was approximately HK$480.5 million, a decrease from HK$548.7 million in 2023, with a gross margin of 20.2% compared to 16.1% in the previous year[24] - The Manufacturing and Sales Business contributed 76.0% to total revenue in 2024, up from 63.2% in 2023, while the Property Development Business dropped from 29.3% to 14.9%[25] Business Segments - The Manufacturing and Sales Business segment saw an increase in purchase orders due to enhanced production and operational efficiency, leading to more competitive pricing[20] - The revenue from the Manufacturing and Sales Business increased by approximately 5.3% to approximately HK$365.1 million for the Year (Year 2023: approximately HK$346.6 million) due to increased sales orders from both overseas and domestic clients[43] - The segment loss margin for the Manufacturing and Sales Business decreased to approximately 4.7% (Year 2023: approximately 14.6%) attributed to improved gross profit margin and cost-saving measures[45] - Revenue from the Music and Entertainment Business increased by approximately 18.0% to approximately HK$4.7 million (Year 2023: approximately HK$4.0 million), with a segment profit of approximately HK$433,000 compared to a loss of approximately HK$3.4 million in the previous year[47] Property Development Challenges - The Property Development Business faced significant challenges due to a slowdown in the PRC's real estate sector, resulting in subdued demand for leasing and sales[12] - The segment loss for the Year was primarily due to decreased revenue caused by poor economic conditions in the PRC, leading to postponed expansion or relocation plans by purchasers[69] - The Group will reassess the risk and profitability of property development projects in light of the unfavorable property market conditions in the PRC[118] Loans and Credit Risk - New loans granted during the year amounted to approximately HK$6.5 million, an increase from HK$6.0 million in 2023, with an average loan interest rate of 16.1% compared to 18.0% in the previous year[34] - Interest income from loans decreased by approximately 12.2% to around HK$5.0 million, down from HK$5.7 million in 2023, resulting in a segment loss of approximately HK$779,000 compared to a gain of HK$3.1 million in the previous year[34] - The Group faced a concentration of credit risk, with 63% of total loans receivable due from two independent third parties, totaling approximately HK$19.4 million[38] - The Group recognized a net impairment loss on loans receivable of approximately HK$3.2 million, compared to a reversal of impairment loss of approximately HK$389,000 in 2023[34] Corporate Governance - The Company maintained compliance with all code provisions set out in the Corporate Governance Code throughout the year[149][150] - The Board consists of eight members, including two executive Directors, three non-executive Directors, and three independent non-executive Directors, ensuring a balanced composition for independent decision-making[155] - The Company has adopted the Corporate Governance Code and has complied with all its provisions during the year, with no known non-compliance incidents[159] - The independent non-executive Directors are required to keep up-to-date with the Company's business affairs and contribute independent judgment on key issues[161] Future Strategies - Future strategies include optimizing cost structures, expanding high-margin product lines, and investing in automation and digital printing technologies[11] - The Group aims to drive sustainable growth and restore profitability while enhancing product and service quality to meet evolving customer expectations[16] - The Group plans to diversify and expand operations cautiously in response to market challenges[105] - The Group will continue to upgrade machinery to enhance production efficiency, reduce defect rates, and lower manpower costs[112] Economic Outlook - The Group anticipates facing economic and political uncertainties in 2025, impacting demand across its business segments[105] - The Group expects to face various challenges in 2025 due to ongoing political and economic tensions, which may negatively impact consumer purchasing power and export sales of printing products[108] - Competition in the domestic printing market in the PRC is anticipated to intensify, prompting the Group to enhance procurement capabilities and improve production efficiency to reduce costs[111] Capital Expenditure and Commitments - Capital expenditure for property, plant, and equipment amounted to approximately HK$8.5 million, an increase of 57.4% from HK$5.4 million in the previous year[127][131] - Capital expenditure for properties under development for sale reached approximately HK$148.6 million, up 102.5% from HK$73.5 million in the previous year[127][131] - As of December 31, 2024, the Group had capital commitments of approximately HK$111.1 million, a decrease of 26.1% from HK$150.4 million as of December 31, 2023[128][132] Employee and Staff Costs - Total staff costs for the year were approximately HK$163.0 million, a decrease of 6.8% from HK$174.2 million in the previous year[136][141] - The Group had approximately 940 full-time employees as of December 31, 2024, down from approximately 1,000 in the previous year[136][141]

Receivables - The total amount of receivables is approximately HKD 19,400,000, with 63% owed by two independent third parties, compared to 53% in the previous year[5]. - The total value of receivables from the top five borrowers is approximately HKD 25,900,000, down from HKD 32,800,000 in the previous year[5]. - The amount owed to a non-controlling shareholder of a subsidiary is approximately HKD 15,900,000, slightly down from HKD 16,500,000 in the previous year[7]. Borrowings - The total borrowings as of December 31, 2024, include secured bank loans of approximately HKD 131,300,000, an increase from HKD 93,500,000 in the previous year[7]. - The company has unsecured bank borrowings of approximately HKD 16,100,000, which was not present in the previous year[8]. - The company has secured bank loans that require repayment within six years, amounting to approximately HKD 31,500,000[8]. Pledged Assets - The total value of pledged assets is approximately HKD 199,800,000, down from HKD 386,800,000 in the previous year[10]. - The company has no other pledged assets apart from those mentioned[10]. Lease Liabilities - The average interest rate for lease liabilities ranges from 2.98% to 5.88%[8]. Annual Performance Announcement - The company maintains all other information in the annual performance announcement unchanged[11].