Core Viewpoint - *ST Chengchang (001270.SZ) reported significant growth in revenue and net profit for the first half of 2025, indicating a strong recovery and operational improvement compared to the previous year [1][3]. Financial Performance - As of June 30, 2025, *ST Chengchang's total operating revenue reached 201 million yuan, an increase of 129 million yuan, representing a year-on-year growth of 180.16% [1]. - The net profit attributable to shareholders was 56.63 million yuan, an increase of 80.92 million yuan compared to the same period last year [1]. - The company reported a negative net cash flow from operating activities of 80.28 million yuan [1]. Profitability and Efficiency Metrics - The latest gross profit margin stood at 68.04%, an increase of 13.35 percentage points year-on-year [3]. - Return on equity (ROE) was 3.95%, up by 5.74 percentage points compared to the previous year [3]. - The diluted earnings per share were 0.28 yuan, an increase of 0.40 yuan from the same period last year [4]. - Total asset turnover ratio improved to 0.13 times, an increase of 0.08 times year-on-year, reflecting a growth of 173.61% [4]. - Inventory turnover ratio was 0.31 times, up by 0.14 times compared to the previous year, representing an increase of 85.08% [4]. Shareholder Structure - The number of shareholders was 19,300, with the top ten shareholders holding a total of 124 million shares, accounting for 59.60% of the total share capital [4]. - The largest shareholder, Shenzhen Heertai Intelligent Control Co., Ltd., holds 46.28% of the shares [4].

公司截至2025年6月30日，*ST铖昌摊薄每股收益为0.28元。 公司截至2025年6月30日，*ST铖昌最新总资产周转率为0.13次。截至2025年6月30日，*ST铖昌最新存 货周转率为0.31次。 公司股东户数为1.93万户，前十大股东持股数量为1.24亿股，占总股本比例为59.60%，前十大股东持股 情况如下： 2025年8月15日，*ST铖昌(001270.SZ)发布2025年中报。 公司截至2025年6月30日，*ST铖昌营业总收入为2.01亿元。截至2025年6月30日，*ST铖昌归母净利润 为5663.33万元。截至2025年6月30日，*ST铖昌经营活动现金净流入为-8028.02万元，较去年同报告期经 营活动现金净流入减少351.88万元。 公司截至2025年6月30日，*ST铖昌最新资产负债率为6.22%。 公司截至2025年6月30日，*ST铖昌最新毛利率为68.04%，较上季度毛利率减少7.35个百分点。截至2025 年6月30日，*ST铖昌最新ROE为3.95%。 | 序号 | 股东名称 | 持股比例 | | --- | --- | --- | | I | 深圳和而泰智能控制股份 ...

Group 1 - The core viewpoint of the article is that *ST Chengchang (001270.SZ) reported its semi-annual results for 2025, revealing significant institutional ownership and changes in shareholding patterns [1] - As of August 14, 2025, a total of 8 institutional investors hold shares in *ST Chengchang, with a combined holding of 113 million shares, representing 54.50% of the total share capital [1] - The institutional ownership decreased by 1.60 percentage points compared to the previous quarter [1] Group 2 - The report indicates that there was one social security fund disclosed this period, which is the E Fund Management Co., Ltd. - Social Security Fund 17042 Portfolio, unchanged from the previous quarter [1] - In terms of foreign investment, there was no new disclosure of foreign institutions compared to the previous quarter, with the Hong Kong Central Clearing Limited being the only mentioned entity [1]

格隆汇8月14日丨*ST铖昌(001270.SZ)公布2025年半年度报告，上半年公司实现营业收入2.01亿元，同比 增长180.16%；归属于上市公司股东的净利润5663.33万元，同比扭亏为盈；归属于上市公司股东的扣除 非经常性损益的净利润5478.74万元；基本每股收益0.2783元。 ...

Group 1 - The core point of the article highlights the recent performance and financial metrics of *ST Chengchang, indicating a decline in stock price and significant revenue growth [1] - As of August 11, 2025, *ST Chengchang's stock closed at 42.56 yuan, down 1.25%, with a turnover rate of 3.8% and a trading volume of 77,300 hands, amounting to a transaction value of 342 million yuan [1] - The latest quarterly report shows total operating revenue of 92.01 million yuan, a year-on-year increase of 365.26%, and a net profit attributable to shareholders of 29.82 million yuan, up 300.06% [1] Group 2 - The company has a current liquidity ratio of 12.526, a quick ratio of 10.141, and a debt-to-asset ratio of 7.76% [1] - Zhejiang Chengchang Technology Co., Ltd. was established in 2010 and is primarily engaged in software and information technology services, with a registered capital of 2.08 billion yuan [1] - The company has made investments in 2 enterprises, participated in 22 bidding projects, and holds 3 trademarks and 42 patents [2]

II. 已發行股份及/或庫存股份變動 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: | 華人置業集團 | | | | | | 呈交日期: | 2025年8月6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) | 00127 | 說明 | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | --- | --- | --- | --- | --- | --- | --- | | 上月底結存 | | 5,000,000,000 HKD | | 0.1 | HKD | 500,000,000 | | 增加 / 減少 (-) | | | | | HKD | | | 本月底 ...

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].