格隆汇9月10日丨*ST东晶(002199.SZ)公布，近日，公司收到宁波宁聚的管理人宁波宁聚资产管理中心 （有限合伙）发来的《告知函》及《浙江东晶电子股份有限公司简式权益变动报告书》，获悉宁波宁聚 因减持股份，持有公司股份比例下降至4.9999%。截至2025年9月9日，宁波宁聚累计减持公司股份 2,327,982股（占公司总股本比例0.9563%），减持后，宁波宁聚不再是公司持股5%以上股东。 ...

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 FF301 第 1 頁 共 10 頁 v 1.1.1 | 截至月份: | 2025年8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: | 順豪物業投資有限公司 (於香港註冊成立之有限公司) | | | 呈交日期: | 2025年9月3日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 II. 已發行股份及/或庫存股份變動 | 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) | 00219 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 579,753,289 | | | | 579,753,289 | | 增加 / 減少 (-) ...

Core Viewpoint - ST Zhengtong (002197) reported a decline in total revenue and an increase in net loss for the first half of 2025, indicating ongoing financial challenges and operational inefficiencies [1] Financial Performance Summary - Total revenue for the first half of 2025 was 437 million yuan, a decrease of 13.15% year-on-year [1] - Net profit attributable to shareholders was -35.61 million yuan, an increase of 8.68% compared to the previous year [1] - Gross margin was 26.39%, down 3.81% year-on-year, while net margin was -6.24%, a decrease of 5.90% [1] - Total receivables accounted for 76.57% of the latest annual revenue, indicating a significant reliance on credit [1] Expense Management - Sales expenses decreased by 34.32% due to strict cost-cutting measures, including staff reductions and lower personnel costs [2] - Management expenses fell by 11.82%, also attributed to cost control and staff optimization [2] Cash Flow and Investment Activities - Net cash flow from investment activities decreased by 158.91%, primarily due to investments in health data centers and cloud data center projects [3] - Net cash flow from financing activities dropped by 169.41%, reflecting increased cash outflows for debt repayment [3] Asset and Liability Changes - Accounts receivable decreased by 3.57% as the company intensified collection efforts [4] - Long-term borrowings decreased by 4.11% due to the repayment of maturing loans [4] - Cash and cash equivalents saw a net decrease of 114.19%, driven by reduced cash flows from both investment and financing activities [5] Overall Business Evaluation - The company's historical financial performance has been weak, with a median ROIC of 1.48% over the past decade and a particularly poor ROIC of -7.77% in 2022 [5] - The company has reported losses in four out of its 17 annual reports since going public, raising concerns about its long-term viability [5] - Current cash flow situation is concerning, with a cash to current liabilities ratio of only 16.3% [5] - The interest-bearing debt ratio has reached 50.33%, indicating a high level of financial leverage [5]

通过天眼查大数据分析，深圳市证通电子股份有限公司共对外投资了35家企业，参与招投标项目1306 次，知识产权方面有商标信息39条，专利信息438条，此外企业还拥有行政许可34个。 资金流向方面，今日主力资金净流出3021.94万元，占比成交额16.65%。其中，超大单净流出980.13万 元、占成交额5.4%，大单净流出2041.81万元、占成交额11.25%，中单净流出流入1548.67万元、占成交 额8.53%，小单净流入1473.27万元、占成交额8.12%。 来源：金融界 ST证通最新一期业绩显示，截至2025一季报，公司营业总收入2.01亿元、同比减少15.05%，归属净利润 671.86万元，同比减少345.24%，扣非净利润774.83万元，同比减少1057.88%，流动比率0.945、速动比 率0.885、资产负债率65.94%。 金融界消息 截至2025年8月25日收盘，ST证通（002197）报收于8.47元，下跌0.47%，换手率4.0%，成 交量21.37万手，成交金额1.82亿元。 天眼查商业履历信息显示，深圳市证通电子股份有限公司，成立于1993年，位于深圳市，是一家以从事 软件和 ...

顺豪物业(00219)发布截至2025年6月30日止6个月中期业绩，该集团取得收入3.34亿港元，同比增加 4.62%;公司拥有人应占亏损1.38亿港元，同比增加48.84%;每股基本亏损27.01港仙。 ...

Core Viewpoint - Shunhao Property (00219) reported a revenue of HKD 334 million for the six months ending June 30, 2025, representing a year-on-year increase of 4.62%. However, the company recorded a loss attributable to shareholders of HKD 138 million, which is an increase of 48.84% compared to the previous year. The basic loss per share is HKD 0.2701 [1] Financial Performance - Revenue for the period reached HKD 334 million, marking a 4.62% increase year-on-year [1] - Loss attributable to shareholders amounted to HKD 138 million, reflecting a 48.84% increase compared to the same period last year [1] - Basic loss per share was reported at HKD 0.2701 [1]

Core Viewpoint - Shunhao Property (00219.HK) reported a total revenue of HKD 334 million for the six months ending June 30, 2025, representing a year-on-year increase of 5% [1] Financial Performance - The gross profit amounted to HKD 73.69 million, reflecting a year-on-year increase of 30% [1] - The loss attributable to the company's owners was HKD 138 million, compared to a loss of HKD 92.84 million in the same period last year [1] - The basic loss per share was HKD 0.2701 [1]

[Performance Overview](index=1&type=section&id=%E6%A5%AD%E7%B8%BE) [Interim Results Summary](index=1&type=section&id=%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE%E6%91%98%E8%A6%81) For the six months ended June 30, 2025, net profit attributable to owners, before revaluation and depreciation, increased by 29% year-on-year to HK$79 million Interim Results Summary | Metric | For the six months ended June 30, 2025 (in thousands of HKD) | For the six months ended June 30, 2024 (in thousands of HKD) | Change | | :--- | :--- | :--- | :--- | | Loss after tax and non-controlling interests | (138,175) | (92,837) | | | Add: Revaluation loss | 153,355 | 90,787 | | | Add: Depreciation of property, plant and equipment | 63,486 | 62,914 | | | Net profit attributable to owners before revaluation and depreciation | 78,666 | 60,864 | +29% | [Interim Dividend](index=1&type=section&id=%E4%B8%AD%E6%9C%9F%E8%82%A1%E6%81%AF) The Board does not recommend an interim dividend for the six months ended June 30, 2025, consistent with the prior year period - The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025 (Six months ended June 30, 2024: Nil)[4](index=4&type=chunk) [Condensed Consolidated Financial Statements](index=2&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8) [Condensed Consolidated Statement of Profit or Loss](index=2&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E8%A1%A8) For the six months ended June 30, 2025, the Group's total revenue grew to HK$334,338 thousand, but the period's loss widened to HK$145,255 thousand due to fair value impairment of investment properties Key Data from Condensed Consolidated Statement of Profit or Loss | Metric | For the six months ended June 30, 2025 (in thousands of HKD) | For the six months ended June 30, 2024 (in thousands of HKD) | | :--- | :--- | :--- | | Revenue | 334,338 | 319,575 | | Cost of sales | (2,234) | (1,750) | | Other service costs | (176,964) | (180,129) | | Gross profit | 73,691 | 56,890 | | Fair value impairment of investment properties | (154,800) | (92,232) | | Administrative expenses | (30,223) | (30,573) | | Finance costs | (23,855) | (31,732) | | Loss before tax | (132,771) | (96,368) | | Income tax expense | (12,484) | (7,685) | | Loss for the period | (145,255) | (104,053) | | Loss attributable to owners of the Company | (138,175) | (92,837) | | Basic loss per share (HK cents) | (27.01) | (18.15) | [Condensed Consolidated Statement of Comprehensive Income](index=3&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E7%B8%BD%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) The loss for the period was HK$145,255 thousand, but other comprehensive income of HK$121,222 thousand from exchange differences on translating foreign operations significantly reduced the total comprehensive expense to HK$30,192 thousand Key Data from Condensed Consolidated Statement of Comprehensive Income | Metric | For the six months ended June 30, 2025 (in thousands of HKD) | For the six months ended June 30, 2024 (in thousands of HKD) | | :--- | :--- | :--- | | Loss for the period | (145,255) | (104,053) | | Fair value (loss) gain on equity investments | (6,159) | 455 | | Exchange differences on translation of foreign operations | 121,222 | (13,773) | | Other comprehensive income (expense) for the period | 115,063 | (13,318) | | Total comprehensive expense for the period | (30,192) | (117,371) | | Total comprehensive (expense) income attributable to owners of the Company | (56,378) | (102,306) | [Condensed Consolidated Statement of Financial Position](index=4&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) As of June 30, 2025, the Group's total assets slightly decreased, non-current assets remained stable, and a reduction in current liabilities narrowed the net current liabilities Key Data from Condensed Consolidated Statement of Financial Position | Metric | As of June 30, 2025 (in thousands of HKD) | As of December 31, 2024 (in thousands of HKD) | | :--- | :--- | :--- | | Property, plant and equipment | 4,585,743 | 4,619,901 | | Investment properties | 4,507,845 | 4,571,490 | | Total non-current assets | 9,153,831 | 9,258,032 | | Bank balances and cash | 198,476 | 234,982 | | Total current assets | 227,866 | 266,347 | | Total current liabilities | 436,583 | 484,744 | | Net current liabilities | (208,717) | (218,397) | | Equity attributable to owners of the Company | 6,970,034 | 7,026,412 | | Bank loans (non-current) | 566,121 | 626,721 | [Notes to the Financial Statements](index=5&type=section&id=%E9%99%84%E8%A8%BB) [Basis of Preparation](index=5&type=section&id=%E7%B7%A8%E8%A3%BD%E5%9F%BA%E6%BA%96) The condensed consolidated financial statements are prepared in accordance with HKAS 34 issued by the HKICPA and the disclosure requirements of Appendix D2 of the HKEX Listing Rules - These condensed consolidated financial statements have been prepared in accordance with Hong Kong Accounting Standard 34 ("Interim Financial Reporting") issued by the Hong Kong Institute of Certified Public Accountants and the applicable disclosure requirements of Appendix D2 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited[8](index=8&type=chunk) [Principal Accounting Policies](index=5&type=section&id=%E4%B8%BB%E8%A6%81%E6%9C%83%E8%A8%88%E6%94%BF%E7%AD%96) The financial statements are prepared on a historical cost basis, except for investment properties and certain financial instruments, with no material impact from new HKFRS amendments - The condensed consolidated financial statements have been prepared on the historical cost basis, except for investment properties and certain financial instruments which are measured at fair values[9](index=9&type=chunk) - The application of the amendments to Hong Kong Financial Reporting Standards in the current period has had **no material effect** on the amounts reported in these condensed consolidated financial statements and/or disclosures set out in these condensed consolidated financial statements[11](index=11&type=chunk) [Revenue Composition](index=6&type=section&id=%E6%94%B6%E5%85%A5) The Group's revenue, primarily from hotel operations, property rental, and dividends, grew by 4.6% year-on-year to HK$334,338 thousand Breakdown of Revenue | Revenue Source | For the six months ended June 30, 2025 (in thousands of HKD) | For the six months ended June 30, 2024 (in thousands of HKD) | | :--- | :--- | :--- | | Income from hotel operations | 268,032 | 259,757 | | Property rental income | 66,281 | 59,818 | | Dividend income | 25 | - | | **Total Revenue** | **334,338** | **319,575** | [Segment Information](index=7&type=section&id=%E5%88%86%E9%A1%9E%E8%B3%87%E6%96%99) The Group's operating segments include hotel services, property investment, and securities investment, with the hotel segment achieving profitability while property investment incurred losses due to revaluation - The Group’s operating and reportable segments are determined based on information reported to the chief operating decision-maker (the Chairman of the Company) for the purposes of resource allocation and performance assessment, and are categorised as follows: hotel services, property investment, and securities investment[13](index=13&type=chunk)[14](index=14&type=chunk) Segment Revenue and Results | Segment | 2025 Revenue (in thousands of HKD) | 2024 Revenue (in thousands of HKD) | 2025 Results (in thousands of HKD) | 2024 Results (in thousands of HKD) | | :--- | :--- | :--- | :--- | :--- | | Hotel services | 268,032 | 259,757 | 9,353 | (1,066) | | Property investment | 66,281 | 59,818 | (90,487) | (34,276) | | Securities investment | 25 | - | 25 | - | | **Total** | **334,338** | **319,575** | **(81,109)** | **(35,342)** | [Finance Costs](index=9&type=section&id=%E8%B2%A1%E5%8B%99%E6%88%90%E6%9C%AC) Finance costs for the period, mainly comprising interest on bank loans, decreased to HK$23,855 thousand Breakdown of Finance Costs | Cost Item | For the six months ended June 30, 2025 (in thousands of HKD) | For the six months ended June 30, 2024 (in thousands of HKD) | | :--- | :--- | :--- | | Interest on bank loans | 23,819 | 31,657 | | Interest on amount due to an intermediate holding company | 36 | 75 | | **Total Finance Costs** | **23,855** | **31,732** | [Income Tax Expense](index=9&type=section&id=%E6%89%80%E5%BE%97%E7%A8%85%E8%B2%BB%E7%94%A8) The income tax expense for the period was HK$12,484 thousand, primarily from current taxes in Hong Kong and the UK, with the Hong Kong profits tax rate at 16.5% Breakdown of Income Tax Expense | Tax Type | For the six months ended June 30, 2025 (in thousands of HKD) | For the six months ended June 30, 2024 (in thousands of HKD) | | :--- | :--- | :--- | | Current tax: Hong Kong | 9,410 | 7,070 | | Current tax: United Kingdom | 4,231 | 2,459 | | Under-provision in prior years: Hong Kong | 111 | - | | Deferred tax | (1,268) | (1,844) | | **Total Income Tax Expense** | **12,484** | **7,685** | - The annual tax rate used for the six months ended June 30, 2025 (Hong Kong Profits Tax) was **16.5%** (Six months ended June 30, 2024: 16.5%)[16](index=16&type=chunk) [Loss for the Period Has Been Arrived at After Charging/Crediting](index=10&type=section&id=%E6%9C%AC%E6%9C%9F%E8%99%A7%E6%90%8D%E7%B6%93%E5%B7%B2%E6%89%A3%E9%99%A4(%E8%A8%88%E5%8F%8A)%E4%BB%A5%E4%B8%8B%E9%A0%85%E7%9B%AE) The loss for the period was arrived at after charging depreciation of property, plant and equipment of HK$83,192 thousand and crediting bank interest income of HK$1,487 thousand Items Charged/Credited to Loss for the Period | Item | For the six months ended June 30, 2025 (in thousands of HKD) | For the six months ended June 30, 2024 (in thousands of HKD) | | :--- | :--- | :--- | | Depreciation of right-of-use assets | 384 | 381 | | Depreciation of property, plant and equipment | 83,192 | 82,458 | | Interest income from bank deposits | (1,487) | (2,981) | | Loss on disposal of property, plant and equipment | 82 | 2,497 | [Dividend Policy](index=10&type=section&id=%E8%82%A1%E6%81%AF) The Board resolved not to declare or recommend an interim dividend for the six months ended June 30, 2025, consistent with the prior year period - The Board of Directors has resolved not to declare or recommend the payment of an interim dividend for the six months ended June 30, 2025 and June 30, 2024[20](index=20&type=chunk) [Loss Per Share](index=10&type=section&id=%E6%AF%8F%E8%82%A1%E8%99%A7%E6%90%8D) Basic loss per share for the six months ended June 30, 2025, widened to 27.01 HK cents from 18.15 HK cents in the prior year period, due to an increased loss for the period - The calculation of basic loss per share is based on the loss for the period attributable to owners of the Company of **HK$138,175,000** (Six months ended June 30, 2024: HK$92,837,000) and 511,613,000 shares in issue during the period[21](index=21&type=chunk) Loss Per Share | Metric | For the six months ended June 30, 2025 (HK cents) | For the six months ended June 30, 2024 (HK cents) | | :--- | :--- | :--- | | Basic loss per share | (27.01) | (18.15) | [Trade and Other Receivables](index=11&type=section&id=%E8%B2%BF%E6%98%93%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E6%94%B6%E5%B8%B3%E6%AC%BE) As of June 30, 2025, total trade and other receivables decreased to HK$12,760 thousand from December 31, 2024, with the majority of receivables not yet due Breakdown of Trade and Other Receivables | Item | As of June 30, 2025 (in thousands of HKD) | As of December 31, 2024 (in thousands of HKD) | | :--- | :--- | :--- | | Trade receivables (from contracts with customers) | 6,999 | 10,088 | | Lease receivables | 2,534 | 2,250 | | Other receivables | 3,227 | 2,859 | | **Total** | **12,760** | **15,197** | Ageing Analysis of Trade and Lease Receivables | Ageing | As of June 30, 2025 (in thousands of HKD) | As of December 31, 2024 (in thousands of HKD) | | :--- | :--- | :--- | | Not yet due | 9,280 | 12,139 | | Overdue 0 – 30 days | 80 | 104 | | Overdue 31 – 60 days | 173 | 94 | | Overdue 61 – 90 days | - | 1 | | **Total** | **9,533** | **12,338** | [Trade and Other Payables and Accruals](index=11&type=section&id=%E8%B2%BF%E6%98%93%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E4%BB%98%E5%B8%B3%E6%AC%BE%E5%8F%8A%E9%A0%90%E6%8F%90%E8%B2%B3%E6%AC%BE) As of June 30, 2025, total trade and other payables and accruals decreased to HK$49,209 thousand, with the vast majority of trade payables due within 30 days Breakdown of Trade and Other Payables and Accruals | Item | As of June 30, 2025 (in thousands of HKD) | As of December 31, 2024 (in thousands of HKD) | | :--- | :--- | :--- | | Trade payables | 4,748 | 5,288 | | Other payables and accruals | 44,461 | 54,899 | | **Total** | **49,209** | **60,187** | Ageing Analysis of Trade Payables | Ageing | As of June 30, 2025 (in thousands of HKD) | As of December 31, 2024 (in thousands of HKD) | | :--- | :--- | :--- | | 0 – 30 days | 4,740 | 5,281 | | 31 – 60 days | 7 | 6 | | 61 – 90 days | 1 | 1 | | **Total** | **4,748** | **5,288** | [Management Discussion and Analysis](index=12&type=section&id=%E7%AE%A1%E7%90%86%E5%B1%A4%E4%B9%8B%E8%A8%8E%E8%AB%96%E5%8F%8A%E5%88%86%E6%9E%90) [Overall Performance Review](index=12&type=section&id=%E6%95%B4%E9%AB%94%E6%A5%AD%E7%B8%BE%E5%9B%9E%E9%A1%A7) Net profit attributable to owners, before revaluation and depreciation, grew 29% to HK$78.7 million, driven by higher revenue and lower costs, while the Board withheld dividends to preserve cash - The Company's net profit attributable to owners, after tax and before revaluation and depreciation, was **HK$78,700,000**, an increase of HK$18,000,000 (**+29%**) from HK$60,900,000 for the six months ended June 30, 2024[24](index=24&type=chunk) - The increase in overall profit was mainly due to a **5% increase in revenue** and a decrease in hotel operating costs and finance costs[27](index=27&type=chunk) - The decision not to recommend an interim dividend was to ensure higher cash flow for the challenging market, reduce bank debt, and fund the renovation of the Wood Street Hotel in London[26](index=26&type=chunk) [Business Performance](index=13&type=section&id=%E8%A1%A8%E7%8F%BE) The Group's hotel business revenue grew by 3%, with a significant 43% increase in net profit for the Magnificent Hotel Group, alongside growth in commercial property rental income [Hotel Business](index=13&type=section&id=%E9%85%92%E5%BA%97%E6%A5%AD%E5%8B%99) Hotel operating revenue increased by 3% to HK$268 million, while Magnificent Hotel Group's net profit, before revaluation and depreciation, surged 43% to HK$59.3 million - The Group's revenue from hotel operations was **HK$268,000,000**, an increase of 3% from HK$260,000,000 for the six months ended June 30, 2024[28](index=28&type=chunk) - Net profit attributable to owners of Magnificent Hotel, before revaluation and depreciation, was **HK$59,300,000**, an increase of HK$17,700,000 (**+43%**) from HK$41,600,000 for the six months ended June 30, 2024[28](index=28&type=chunk) - Management successfully increased the annual rent of the Royal Scot Hotel in London by **34%** from £3,546,000 to £4,737,000[30](index=30&type=chunk) [Commercial Property Rental Income](index=14&type=section&id=%E5%95%86%E6%A5%AD%E7%89%A9%E6%A5%AD%E7%A7%9F%E9%87%91%E6%94%B6%E5%85%A5) Commercial property rental income totaled HK$66 million, showing year-on-year growth, with Shun Ho Tower and 633 King's Road achieving occupancy rates of 91% and 77% respectively - Commercial property rental income, derived from properties in the UK and Hong Kong, totaled **HK$66,000,000** (Six months ended June 30, 2024: HK$60,000,000)[31](index=31&type=chunk) Hong Kong Commercial Property Occupancy Rates | Property | Occupancy Rate | | :--- | :--- | | Shun Ho Tower | 91% | | 633 King's Road | 77% | [Liquidity and Capital Resources](index=14&type=section&id=%E8%B3%87%E9%87%91%E6%B5%81%E5%8B%95) As of June 30, 2025, the Group's total debt decreased to HK$909 million, improving the gearing ratio to 11%, while the Group actively manages its foreign exchange risk exposure - As at June 30, 2025, the Group's (including Magnificent Hotel and its subsidiaries) total debt was **HK$909,000,000** (December 31, 2024: HK$1,016,000,000)[33](index=33&type=chunk) - The Group's (including Magnificent Hotel and its subsidiaries) gearing ratio improved to **11%** from 12% as at December 31, 2024[33](index=33&type=chunk) - The Group's bank loans are primarily denominated in Hong Kong dollars and Pound Sterling at floating interest rates, exposing the Group to foreign exchange risk which management actively monitors and manages[33](index=33&type=chunk) [Key Business Achievements](index=15&type=section&id=%E9%87%8D%E9%BB%9E%E6%A5%AD%E5%8B%99%E6%88%90%E7%B8%BE) The Group maintained an average hotel occupancy rate above 90% amid 11.3 million overnight visitor arrivals to Hong Kong, successfully increased rent for a London hotel, and advanced a new hotel renovation project - For the six months ended June 30, 2025, overnight visitor arrivals to Hong Kong were approximately **11.3 million** (Six months ended June 30, 2024: 10.6 million)[34](index=34&type=chunk) - During the period, the Group's average hotel occupancy rate consistently exceeded **90%**[34](index=34&type=chunk) - The Group's hotel revenue increased by **3%** to HK$268,000,000, and total revenue increased by **5%** to HK$334,000,000[34](index=34&type=chunk) - Management successfully increased the annual rent of the Royal Scot Hotel in London by **34%** from £3,546,000 to £4,737,000[35](index=35&type=chunk) - The Group acquired the Wood Street Police Station headquarters in central London for £40,000,000 and has received approval to renovate it into a luxury hotel with approximately 216 guest rooms[35](index=35&type=chunk) [Future Outlook](index=15&type=section&id=%E5%B1%95%E6%9C%9B%E6%9C%AA%E4%BE%86) The outlook for hotel and rental income remains challenging due to economic headwinds, though the expansion of the "multi-entry visa" policy may provide a positive catalyst - The future prospects for the hotel business and rental income remain challenging, and management will continue to focus on increasing revenue and controlling costs[37](index=37&type=chunk) - A weak Chinese economy and a strong Hong Kong dollar against the Renminbi have led more Chinese tourists to opt for day trips to Hong Kong while staying in the Greater Bay Area[36](index=36&type=chunk) - The expansion of the multi-entry visa policy to other major Chinese cities like Beijing and Shanghai is expected to be a significant positive development[36](index=36&type=chunk) - Occupancy rates at 633 King's Road and Shun Ho Tower are affected by the US-China trade war and declining Hong Kong import/export volumes, as most tenants are international trading companies[36](index=36&type=chunk) [Dealings in Listed Securities](index=15&type=section&id=%E8%B3%BC%E5%85%A5%E3%80%81%E5%87%BA%E5%94%AE%E6%88%96%E8%B4%96%E5%9B%9E%E4%B8%8A%E5%B8%82%E8%AD%89%E5%88%B8) [Dealings in Listed Securities](index=15&type=section&id=%E4%B8%8A%E5%B8%82%E8%AF%81%E5%88%B8%E4%BA%A4%E6%98%93%E6%83%85%E5%86%B5) Neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities during the six months ended June 30, 2025 - During the six months ended June 30, 2025, neither the Company nor any of its subsidiaries purchased, sold or redeemed any of the Company's listed securities[38](index=38&type=chunk) [Corporate Governance](index=16&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB) [Compliance with the Corporate Governance Code](index=16&type=section&id=%E9%81%B5%E5%AE%88%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E5%AE%88%E5%89%87) The Company complied with the Corporate Governance Code, except for the deviation where the roles of Chairman and Chief Executive Officer are held by the same individual - For the six months ended June 30, 2025, the Company has complied with all applicable code provisions of the Corporate Governance Code as set out in Appendix C1 to the Listing Rules, except for the following deviation: Code Provision C.2.1 stipulates that the roles of chairman and chief executive should not be performed by the same individual[39](index=39&type=chunk) - The Board believes that vesting the roles of both Chairman and Chief Executive Officer in the same person, Mr. William Cheng Kai Man, provides the Company with **strong and consistent leadership** and facilitates effective planning and implementation of the Company's strategies[39](index=39&type=chunk) [Compliance with the Model Code](index=16&type=section&id=%E9%81%B5%E5%AE%88%E6%A8%99%E6%BA%96%E5%AE%88%E5%89%87) The Company has adopted the Model Code for securities transactions by directors, and all directors have confirmed their compliance throughout the period - The Company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers ("Model Code") as set out in Appendix C3 to the Listing Rules as its own code of conduct regarding securities transactions by the Directors, and all Directors have confirmed their compliance with the required standard set out in the Model Code throughout the period[40](index=40&type=chunk) [Audit Committee Review](index=16&type=section&id=%E5%AF%A9%E6%A0%B8%E5%A7%94%E5%93%A1%E6%9C%83%E4%B9%8B%E5%AF%A9%E9%96%B1) [Audit Committee Review](index=16&type=section&id=%E5%AE%A1%E6%A0%B8%E5%A7%94%E5%91%98%E4%BC%9A%E5%AE%A1%E9%98%85%E6%83%85%E5%86%B5) The Audit Committee has reviewed the Group's unaudited financial results for the six months ended June 30, 2025 - The Audit Committee has reviewed the unaudited financial results of the Group for the six months ended June 30, 2025[41](index=41&type=chunk) [Board of Directors Information](index=16&type=section&id=%E8%91%A3%E4%BA%8B%E6%9C%83%E4%BF%A1%E6%81%AF) [Board Composition](index=16&type=section&id=%E8%91%A3%E4%BA%8B%E4%BC%9A%E6%88%90%E5%91%98%E6%9E%84%E6%88%90) As of the date of this announcement, the Board of Directors comprises four executive directors, one non-executive director, and three independent non-executive directors - As at the date of this announcement, the Board of Directors of the Company comprises four Executive Directors, namely Mr. William Cheng Kai Man (Chairman), Mr. Alexander Hui Wing Ho, Ms. Kimmy Lau Kam May and Ms. Wendy Ngan Mui Ying; one Non-executive Director, namely Mrs. Lo Fong Mei Yee, Anita; and three Independent Non-executive Directors, namely Mr. Chan Kim Fai, Mr. Lam Kwai Cheung and Mr. Liu Yue Chu[43](index=43&type=chunk)

Group 1 - The stock price of *ST Dongjing (002199) closed at 10.69 yuan, an increase of 5.01% as of August 19, 2025, with a turnover rate of 1.55% and a trading volume of 37,600 shares, amounting to 39.68 million yuan [1] - The latest financial results for *ST Dongjing show total operating revenue of 117 million yuan, a year-on-year increase of 16.57%, and a net profit attributable to shareholders of 31.33 million yuan, up 5.95% year-on-year [1] - The company has a current ratio of 1.020, a quick ratio of 0.729, and a debt-to-asset ratio of 56.86% [1] Group 2 - Zhejiang Dongjing Electronics Co., Ltd. was established in 1999 and is located in Jinhua City, primarily engaged in the manufacturing of computers, communications, and other electronic devices [1] - The company has made investments in 2 external enterprises, participated in 6 bidding projects, and holds 8 patent records [2]

华大酒店(00201)及顺豪物业(00219)、顺豪控股(00253)联合公布，预期相比于截至2024年6月30日止六个 月，华大酒店、顺豪物业及顺豪控股各自于2025年中期净溢利的变动大致如下： 华大酒店预计2025年中期公司拥有人应占除税后而未计及重估及折旧的净溢利不少于5900万港元，而 2024年同期取得净溢利4200万港元，同比增加超过40%。 顺豪物业预计2025年中期公司拥有人应占除税后而未计及重估及折旧的净溢利不少于7800万港元，而 2024年同期取得净溢利6100万港元，同比增加超过28%。 顺豪控股预计2025年中期公司拥有人应占除税后而未计及重估及折旧的净溢利不少于3800万港元，而 2024年同期取得净溢利3000万港元，同比增加超过27%。 相比于2024年中期，2025年中期预计公司拥有人应占除税后而未计及重估及非现金折旧净溢利的增加主 要归因于(i)酒店收入增加;(ii)酒店营运成本减少;及(iii)财务成本减少，尽管有此增幅，2025年中期期间 预计顺豪物业及顺豪控股的拥有人应占除税后而计及重估及非现金折旧的净溢利仍比2024年中期期间减 少，原因是物业市场疲弱导致非现金物业 ...