Group 1 - The board of China Overseas Land & Investment Limited (00127.HK) will hold a meeting on August 15, 2025, to approve the interim results for the six months ending June 30, 2025, and to consider the declaration of an interim dividend, if any [1]

Group 1 - The core point of the article highlights the financial performance and stock activity of *ST Chengchang, with a reported revenue of 92.01 million yuan and a net profit of 29.82 million yuan for Q1 2025, showing significant year-on-year growth [1] - The stock closed at 39.22 yuan, down 1.93%, with a turnover rate of 1.59% and a trading volume of 32,500 lots, amounting to 129 million yuan [1] - The net outflow of main funds was 15.36 million yuan, accounting for 11.9% of the transaction amount, with large orders showing a net outflow of 16.14 million yuan [1] Group 2 - Zhejiang Chengchang Technology Co., Ltd. was established in 2010 and is primarily engaged in software and information technology services, with a registered capital of approximately 2.08 billion yuan [2] - The company has made investments in 2 enterprises and participated in 22 bidding projects, holding 3 trademark registrations and 42 patents [2]

截至2025年6月13日收盘，*ST铖昌（001270）报收于34.78元，较上周的35.52元下跌2.08%。本周，*ST 铖昌6月10日盘中最高价报36.59元。6月13日盘中最低价报34.46元。*ST铖昌当前最新总市值72.08亿 元，在军工电子板块市值排名32/63，在两市A股市值排名2138/5150。 本周关注点 公司公告汇总 浙江铖昌科技股份有限公司完成了2024年限制性股票激励计划预留授予登记工作。限制性股票预留授予 日为2025年4月21日，上市日为2025年6月16日。共有37人参与此次预留授予，授予数量为39万股，授予 价格为19.76元/股。股票来源于公司向激励对象定向发行公司A股普通股股票。本次激励计划的有效期 最长不超过60个月，限售期分别为自授予日起12个月、24个月、36个月，解除限售安排分为两个阶段， 各50%。公司业绩考核要求为2025、2026年两个会计年度，需达到业绩考核目标作为解除限售条件之 一。立信会计师事务所出具了验资报告，确认激励对象支付款项合计人民币7,706,400元，增加股本人民 币390,000元。公司此次因授予权益所筹集的资金将全部用于补充流动资金。 ...

Financial Performance - The company reported a comprehensive income of HKD 1.2 billion for the fiscal year, representing a 15% increase compared to the previous year[5]. - Revenue for the year ended December 31, 2024, amounted to HK$336.8 million, a decrease of 29.8% compared to HK$479.6 million in 2023[110]. - Gross rental income decreased to HK$204.6 million, down 20.5% from HK$257.2 million in the previous year[112]. - Attributable net rental income for the year was HK$269.2 million, a decrease of 16.7% from HK$323.1 million in 2023[117]. - The loss for the year attributable to owners of the Company was HK$2,108.3 million, compared to a profit of HK$76.8 million last year, resulting in a loss per share of HK$1.11[36]. - Excluding major non-cash items, the core loss attributable to owners of the Company was HK$489.3 million, with a core loss per share of HK$0.26, compared to HK$67.2 million and HK$0.04 respectively in the previous year[37]. - The major non-cash items included a net unrealised fair value loss on investment properties of HK$1,834.5 million, compared to a net gain of HK$144.5 million last year[38]. - Total comprehensive expenses for the year attributable to owners of the company were HK$2,144.8 million, or HK$1.12 per share, compared to total comprehensive income of HK$227.5 million in the previous year[155]. Market and Business Strategy - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to HKD 5 billion[5]. - New product launches contributed to a 30% increase in sales within the cosmetics segment, particularly the Two Girls product line[5]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by 2026[5]. - A strategic acquisition of a local competitor was completed, expected to enhance market penetration and operational efficiency[5]. - The Group aims to enhance the value of its investment properties through redevelopment and renovation, particularly focusing on the "120 Fleet Street" project in the UK[53]. - The Group plans further investment in capital expenditures for the redevelopment of properties in Tsuen Wan, Hong Kong, and "120 Fleet Street" in London[160]. Governance and Management - Corporate governance practices were enhanced, with a new committee established to oversee sustainability initiatives[5]. - The Board currently consists of seven Directors, with Independent Non-executive Directors representing more than one-third of the Board[83]. - The Group's governance includes various committees such as the audit committee, remuneration committee, and investment committee[22]. - Ms. Rhoda Chau has over 35 years of experience in auditing, accounting, financial reporting, and taxation, serving as the Group Financial Controller[29]. - Mr. Simon Cheung, Head of Leasing Department, has over 21 years of experience in real estate asset management[30]. - Mr. Lau Ming-wai has been the Chairman of the Board since 2014 and has extensive experience in finance and law[22]. Investment and Securities - The Group's securities investment portfolio as of December 31, 2024, included listed equity investments, bonds, and treasury products, aimed at safeguarding the ability to provide returns for shareholders[80]. - The net loss from securities investments and treasury products for the year was approximately HK$4.4 million[81]. - The Group's securities investments and treasury products portfolio increased to HK$365.7 million in 2024 from HK$342.4 million in 2023, representing 2.3% of total assets[163]. - The Group recorded a realized gain of HK$15.9 million from listed investments held-for-trading, down from HK$65.8 million in 2023, with gross proceeds of HK$118.3 million[126][130]. - An unrealized loss of HK$33.0 million was recorded, an improvement from a loss of HK$95.8 million in 2023, reflecting changes in fair value of investments[127][131]. Operational Performance - The Group's investment properties are primarily located in Hong Kong and the United Kingdom, generating stable and recurrent rental income[51]. - As of December 31, 2024, the occupancy rate of Causeway Place shops in Causeway Bay was approximately 92.80%[61]. - The average occupancy rate of Harcourt House office property in Wanchai was approximately 71.56%, with a combined average occupancy rate of 73.39% including the retail portion[61]. - The industrial site at Nos. 14-18 Ma Kok Street in Tsuen Wan is being redeveloped into a 25-storey building with a total gross floor area of approximately 227,950 square feet, expected to be completed by Q2 2025[62]. - The occupancy rate of the industrial building at No. 1 Hung To Road was approximately 99.44% as of December 31, 2024[64]. - Olympian City 3 retail mall had an average occupancy rate of approximately 94.15% during the year[67]. Economic Outlook - The global economic landscape shows signs of recovery and improvement at the beginning of 2025, despite challenges such as interest rate cuts and geopolitical tensions[98]. - Domestic economic activity has increased, supported by government policies and high-profile mega-events, boosting local consumption and investment in real estate[99]. - The local residential property market sentiment is expected to improve in 2025, although home prices will remain soft due to ample supply[102]. Financial Position - The net asset value attributable to owners of the Company as of December 31, 2024, was HK$12,066.7 million, a decrease of HK$2,144.8 million or 15.1% from HK$14,211.5 million in 2023[159]. - The Group's cash and deposits at banks increased significantly to HK$2,779.5 million in 2024 from HK$745.1 million in 2023[170]. - The total debt to equity ratio, including lease liabilities, was 24.5% in 2024, down from 27.6% in 2023[171]. - The net debt to equity ratio, including lease liabilities, decreased to 1.6% in 2024 from 22.4% in 2023, primarily due to a significant increase in cash and deposits[171]. Corporate Social Responsibility - The Group remains committed to integrating corporate social responsibilities into its business strategies for sustainable success[104].

铖昌科技发布年报和25 年一季报， 2024 年实现营收2.12 亿元（yoy-26.38%），归母净利-3111.79 万元 （yoy-139.04%），低于我们此前预期的0.90 亿元归母净利，主要系公司产品交付验收进度低于预期， 且研发投入增长。公司24 年收入低于3 亿且归母净利为负，根据规则公司股票交易将被深交所所实施退 市风险警示，4 月24 日起股票简称由"铖昌科技"变更为"*ST 铖昌"。考虑到公司24 年业绩下滑主要系行 业因素导致的交付节奏滞后，其行业核心地位和技术产品优势未发生改变，且25 年一季度业绩已出现 明显拐点，我们认为公司在仍具备投资价值，维持"买入"评级。 一季度业绩拐点显现，25 年全年业绩高增可期 我们预计公司2025-2027 年归母净利分别为1.15/1.84/2.57 亿元（前值25-26 年为1.61/2.40 亿元，下调 29%/23%），下调原因为公司研发费用预计保持较高水平。可比公司25 年Wind 一致预期PE 均值为70 倍，给予公司25 年70 倍PE，目标价39.45 元（前值59.19 元，基于25 年76 倍PE），维持"买入"评级。 风险提示： ...

华人置业集团公布2024年财务报告。今年公司业绩下滑明显，收入和毛利均大幅下降，主要原因是租金 收入减少、投资收益减少以及来自一家接受投资公司的股息收入减少。此外，投资物业的公允价值变动 也导致了巨额亏损。 公司收入同比下降29.8%，至3.368亿港元。下降主要源于租金收入、投资收益和股息收入的减少。 毛利同比下降34.9%，至2.802亿港元。下降原因与收入下降类似。 总租金收入同比下降20.5%，至2.046亿港元。非零售部分租金收入下降29.1%，而零售部分租金收入上 升6.8%。 本年度无物业出售，但来自接受投资公司的股息收入贡献了3800万港元，同比大幅减少。 证券投资录得亏损净额440万港元，主要受未变现亏损影响。已变现收益主要来自出售上市投资。 邦颖出售录得亏损1.001亿港元，St James's Square出售录得亏损1.041亿港元。 公司拥有人应占亏损为21.083亿港元，主要由于投资物业的公允价值减少。撇除主要非现金项目后，核 心亏损为4.893亿港元。 校对：陶谦 ...

Financial Performance - For the fiscal year ending December 31, 2024, Chinese Estates Holdings Limited reported total revenue of HKD 336,812,000, a decrease of 29.7% from HKD 479,589,000 in the previous year[2] - The gross profit for the same period was HKD 280,226,000, down 34.9% from HKD 430,332,000 year-on-year[2] - The net loss before tax for the year was HKD 2,123,964,000, compared to a profit of HKD 104,297,000 in the previous year, indicating a significant decline in performance[2] - The total comprehensive loss for the year amounted to HKD 2,144,357,000, contrasting with a total comprehensive income of HKD 227,758,000 in the prior year[4] - The company reported a significant increase in administrative expenses, totaling HKD 348,203,000, compared to HKD 333,872,000 in the previous year[2] - The company reported a core loss attributable to shareholders of HKD 489,290,000 for the year ended December 31, 2024[22] - The company reported a loss attributable to shareholders of HKD 2,108,331,000 for the year 2024, compared to a profit of HKD 76,832,000 in 2023[37] - The company reported a net loss from securities investments of HKD 4,400,000, an improvement from a loss of HKD 22,200,000 in the previous year[57] Revenue Breakdown - Revenue from property rental decreased to HKD 204,616,000 in 2024, down 20.5% from HKD 257,223,000 in 2023[15] - Income from listed equity investments dropped to HKD 40,486,000, a decline of 50.5% compared to HKD 81,653,000 in the previous year[15] - Brokerage and cosmetic sales revenue was HKD 13,528,000, a slight decrease of 4.1% from HKD 14,107,000 in 2023[15] - The investment property rental income totaled HKD 204,616,000 in 2024, down from HKD 257,223,000 in 2023[34] - The total revenue from property development and leasing, excluding dividend income, was HKD 403,589,000[26] Assets and Liabilities - The company's non-current assets decreased to HKD 12,300,194,000 from HKD 16,990,406,000, reflecting a reduction of 27.7%[6] - Current assets increased to HKD 3,401,111,000, up from HKD 1,555,060,000, marking a growth of 118.4%[6] - The company's total assets amounted to HKD 15,701,305,000 as of December 31, 2024[22] - Total liabilities were reported at HKD 3,610,561,000, with a significant portion attributed to unallocated company liabilities of HKD 3,037,514,000[22] - The company's total assets decreased from HKD 209,335,000 in 2023 to HKD 164,977,000 in 2024[38] Cash Flow and Investments - The company generated HKD 194,330,000 in cash from operations, primarily from property development and leasing activities[21] - Interest income for the year ended December 31, 2024, was HKD 68,121,000[24] - The company reported a net interest income of HKD 46,425,000, while total financial expenses were HKD 223,373,000, resulting in a net income of HKD (176,948,000)[28] - The company plans to maintain a diversified investment portfolio with attractive yields and good liquidity to minimize risks and ensure financial stability[97] Market and Operational Insights - The company plans to focus on market expansion and new product development to improve future performance[21] - The company anticipates an improvement in the local residential property market in 2025, although prices are expected to remain soft due to ample supply[104] - The company noted that government policies and major events have positively impacted local economic activities, boosting consumption and real estate investment[104] - The average occupancy rate for the retail space in Causeway Bay was approximately 92.8% as of December 31, 2024, while the average occupancy rate for the office property in Wanchai was about 71.56%[91] Corporate Governance and Future Plans - The company has not adopted new accounting standards that may impact future financial reporting, with potential changes being evaluated[14] - The company has approved and contracted capital expenditures of HKD 344,813,000 for property redevelopment, down from HKD 523,046,000 in the previous year[48] - The company plans further capital investments in the redevelopment of properties located in Tsuen Wan, Hong Kong, and Fleet Street, London[73] - The company has changed its principal share registrar in Bermuda to Appleby Global Corporate Services (Bermuda) Limited effective January 1, 2025[103] Shareholder Information - The company plans to declare a final dividend of HKD 0.03 per share for the year 2024, pending approval at the upcoming annual general meeting[35] - The group did not declare any dividends this year, maintaining the same stance as last year, but proposed a final dividend of HKD 0.03 per share[70] - The company expresses gratitude to shareholders for their support and to all employees for their contributions and hard work[110]

CHINESE ESTATES HOLDINGS LIMITED 華 人 置 業 集 團 (Incorporated in Bermuda with limited liability) (於百慕達註冊成立之有限公司) (Stock Code 股份代號: 127) Interim Report For The Six Months Ended 30 June 2024 截至二零二四年六月三十日止六個月之 中期報告 ONE CENTURY 百年企 梁 inacompan | --- | --- | |-----------------------------------------------------------------------------------------------------------|------------------------------------------------------------------| | | | | CONTENTS | 目錄 | | Corporate Information | 公司資料 | | Results | 業績 | | Condense ...

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布的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公布全部或任何部分內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 CHINESE ESTATES HOLDINGS LIMITED 華 人 置 業 集 團 （於百慕達註冊成立之有限公司） （股份代號：127） 截至二零二四年六月三十日止六個月之中期業績 Chinese Estates Holdings Limited（「本公司」）之董事會（「董事會」）謹此公布本公司及其附屬 公司（統稱「本集團」）截至二零二四年六月三十日止六個月（「本期間」）之未經審核綜合中期 業績，連同二零二三年同期之比較數字：－ | --- | --- | --- | --- | |----------------------------------|-------|--------------------------------|---------------------------------------------------------| | 截至二零二四年六月三十日止六個月 | 附註 | ...

Board Governance and Oversight - The Board held four regular meetings during the Year to discuss overall strategy and financial performance[8] - The Audit Committee reviewed the Group's final results and draft audited consolidated financial statements for the Year[27] - The Company arranged a training session for Directors on "Environmental, Social and Governance Updates" during the Year[16] - The Audit Committee approved the internal audit plan for the year 2024[23] - The Board's governance framework was reviewed to ensure its effectiveness in providing independent views and input[12] - The Company ensured compliance with legal and regulatory requirements through regular reviews by the Audit Committee[23] - The Directors provided their training records, which were deemed sufficient for discharging their duties[16] - The Audit Committee made recommendations for the re-appointment of retiring Independent Auditors for shareholder approval at the upcoming AGM[27] - The Company maintained a strong independent Board with mechanisms to convey independent views from Directors[12] - The Audit Committee discussed the nature and scope of the annual audit with Independent Auditors[23] Financial Performance - Revenue for the year ended December 31, 2023, amounted to HK$479.6 million, a decrease of 66.6% compared to HK$1,435.0 million in 2022[44] - Gross profit for the year was HK$430.3 million, down 68.7% from HK$1,376.7 million in the previous year[46] - Rental revenue in the non-retail section decreased by 14.4% to HK$195.1 million, while retail section revenue decreased by 5.5% to HK$62.1 million[47] - Total rental income for the year recorded a decrease of 12.4% to HK$257.2 million compared to HK$293.7 million in 2022[49] - Dividend income from listed and unlisted equity investments was HK$81.7 million, a significant drop from HK$1,023.0 million in 2022, reflecting a decrease of HK$938.0 million from an investee company[44] - Interest income from bonds and structured products amounted to HK$9.1 million, down from HK$22.0 million in 2022[44] - The Group recognized a realized gain of HK$65.8 million from the sale of investments held-for-trading, compared to HK$28.6 million in 2022[44] - The unrealized loss on bonds was HK$65.9 million, with the overall unrealized loss for the year totaling HK$95.8 million[44] - Interest/dividend income from investments and treasury products at fair value through profit or loss was HK$14.2 million, down from HK$30.3 million in 2022[44] - The decrease in revenue was primarily attributed to the decline in dividend income from an investee company engaged in property development and trading[44] Market Conditions and Outlook - The global GDP growth rate for 2023 was 3%, exceeding market expectations by 1 percentage point[57] - The local residential property market became more sluggish in Q3 2023, with buyer purchasing power affected by high interest rates and slowing economic growth[57] - The Group's retail investment properties are expected to benefit from government initiatives to attract more inbound tourists and boost consumer spending[60] - The Group anticipates potential interest rate cuts in late 2024, which could stimulate market transaction volumes and stabilize prices[57] Social Responsibility and Community Engagement - A youth hostel project named Joseph's House began operations in 2023, reflecting the Group's commitment to creating social value[61] - The Group's commitment to charitable activities aims to strengthen community connections and bring positive changes[61] Risk Management and Internal Controls - The Group's internal audit function and risk management systems were reviewed for effectiveness during the year[54] - The Company has established an Enterprise Risk Management Framework, including a risk management policy and procedures, with a designated risk management officer[119] - The Audit Committee reviewed the effectiveness and adequacy of the risk management system for the Year and found it satisfactory[121] - The Company has a whistleblowing policy allowing employees and stakeholders to report possible improprieties, with no reports received during the Year[133] - The internal audit plan is based on a risk assessment methodology and requires approval from the Audit Committee[115] - The Company aims to enhance and standardize its approach to risk management through regular reviews and updates of the corporate risk register[137] - The Board oversees the design, implementation, and monitoring of risk management and internal control systems[109] - The internal audit function is independent of management and reports directly to the Audit Committee[116] - The Company acknowledges that its risk management systems provide reasonable assurance against material misstatement or loss, rather than absolute assurance[109] - The company has established a risk management program that includes risk identification, assessment, prioritization, and reporting to the audit committee[138] Diversity and Inclusion - The Board currently comprises four males and four females, achieving gender parity[99] - As of December 31, 2023, the male-to-female ratio in the Board, senior executives, and workforce is 50:50, 20:80, and 59:41 respectively[100] - The Group aims to maintain its current level of gender diversity across all levels[100] - The Board Diversity Policy has been effective during the year, emphasizing the importance of diversity for competitive advantage and sustainable growth[99] - The Board conducts annual reviews of its structure, size, composition, and diversity[98] Investment and Growth Strategies - The Investment Committee, established in 2014, manages the Group's investment business excluding real estate investments[104] - The group is actively pursuing property acquisitions in Hong Kong, the United Kingdom, and other countries, focusing on quality partnerships with property developers[188] - The redevelopment of an industrial site in Tsuen Wan into a 25-storey building with a total gross floor area of approximately 227,954 square feet is currently underway, with completion expected by early 2025[192] - The group continues to engage in various securities investment activities, including equity and debt investments, to seek gains in financial management[190] - The group’s investment properties are primarily located in Hong Kong and the UK, generating stable and recurrent rental income[189] Financial Reporting and Compliance - The annual report date is set for March 15, 2024, indicating the company's commitment to timely financial disclosures[142] - The company has a registered office in Bermuda and a principal office in Hong Kong, reflecting its international presence[144] - The independent auditors for the company are HLB Hodgson Impey Cheng Limited, ensuring the integrity of financial reporting[144] - The company has a diverse banking relationship, including major banks such as China Construction Bank and Deutsche Bank, supporting its financial operations[144] - The company is committed to investor relations, providing multiple channels for inquiries, including a dedicated email and phone line[145] Future Projections and Performance - The company reported a significant increase in revenue, achieving a total of $500 million, representing a 20% growth year-over-year[164] - User data showed a rise in active users to 1.2 million, up from 1 million in the previous year, indicating a 20% increase[164] - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 15% to $575 million[164] - New product launches are expected to contribute an additional $50 million in revenue, with a focus on expanding the cosmetics line[164] - The company is investing in new technology development, allocating $10 million for research and development in the upcoming year[164] - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[164] - The company is considering strategic acquisitions to enhance its portfolio, with a budget of $30 million earmarked for potential deals[164] - The board of directors emphasized the importance of corporate governance and sustainability in future strategies[164] - The company reported a net profit margin of 25%, maintaining strong profitability despite market challenges[164] - Cash flow from operations improved to $80 million, reflecting a 10% increase compared to the previous year[164] Profit and Loss Overview - The profit attributable to the company's owners for the year was HKD 76.8 million, a significant decrease from HKD 1,152.2 million in the previous year, primarily due to reduced dividend income from an investee company and a fair value loss on investment properties[180] - The earnings per share for the year was HKD 0.04, down from HKD 0.60 in 2022[180] - Financial expenses have increased, contributing to the overall decline in profit for the year[180]