[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]

Core Viewpoint - The companies BGI Hotel, Shunhao Properties, and Shunhao Holdings anticipate significant increases in net profit for the mid-2025 period compared to the same period in 2024, driven by improved hotel revenues and reduced operational costs [1][2] Group 1: Financial Projections - BGI Hotel expects a net profit of no less than HKD 59 million for mid-2025, up from HKD 42 million in 2024, representing an increase of over 40% [1] - Shunhao Properties anticipates a net profit of no less than HKD 78 million for mid-2025, compared to HKD 61 million in 2024, reflecting an increase of over 28% [1] - Shunhao Holdings projects a net profit of no less than HKD 38 million for mid-2025, up from HKD 30 million in 2024, indicating an increase of over 27% [1] Group 2: Factors Influencing Profit Changes - The expected increase in net profit for mid-2025 is primarily attributed to higher hotel revenues, reduced operational costs, and lower financial costs [2] - Despite the profit increases, Shunhao Properties and Shunhao Holdings are expected to see a decrease in net profit when accounting for property revaluation and non-cash depreciation due to a weak property market leading to declines in non-cash property valuations [2]

Core Viewpoint - The companies BGI Hotel, Shunhao Properties, and Shunhao Holdings expect significant increases in net profit for the mid-term of 2025 compared to the same period in 2024, driven by improved hotel revenues and reduced operational costs [1][2]. Group 1: Financial Projections - BGI Hotel anticipates a net profit of no less than HKD 59 million for the mid-term of 2025, up from HKD 42 million in 2024, representing an increase of over 40% [1] - Shunhao Properties expects a net profit of no less than HKD 78 million for the mid-term of 2025, compared to HKD 61 million in 2024, indicating an increase of over 28% [1] - Shunhao Holdings projects a net profit of no less than HKD 38 million for the mid-term of 2025, up from HKD 30 million in 2024, reflecting an increase of over 27% [1] Group 2: Factors Influencing Profit Changes - The expected increase in net profit for 2025 is primarily attributed to higher hotel revenues, reduced operational costs, and lower financial costs [2] - Despite the profit increases, Shunhao Properties and Shunhao Holdings are projected to experience a decrease in net profit when accounting for property revaluation and non-cash depreciation due to a weak property market leading to lower non-cash property valuations [2]

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，概不對因本公告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。 華大酒店投資 有限公司 於香港註冊成立之有限公司 順豪物業投資 有限公司 於香港註冊成立之有限公司 (股份代號 : 201) (股份代號 : 219) (股份代號 : 253) 順豪控股 有限公司 於香港註冊成立之有限公司 ) ) ( 相比於二零二四年中期期間，二零二五年中期期間預計公司擁有人應佔除稅後而未計及 重估及非現金折舊之淨溢利的增加（華大酒店：59,000,000 港元 （+17,000,000 港元 / +40%）; 順豪物業：78,000,000 港元（+17,000,000 港元 / +28%）; 順豪控股 38,000,000 港元（+8,000,000 港元 / +27%）（概約））主要歸因於（i）酒店收入增加；（ii）酒店 營運成本減少；及（iii）財務成本減少，儘管有此增幅，二零二五年中期期間預計順豪 物業及順豪控股之擁有人應佔除稅後而計及重估及非現金折舊之淨溢利仍比二零二四 年 ...

金融界消息 截至2025年8月15日收盘，ST证通（002197）报收于7.37元，上涨2.93%，换手率2.78%，成 交量14.86万手，成交金额1.08亿元。 资金流向方面，今日主力资金净流入1027.05万元，占比成交额9.51%。其中，超大单净流入560.46万 元、占成交额5.19%，大单净流入466.59万元、占成交额4.32%，中单净流出流出556.52万元、占成交额 5.15%，小单净流出470.53万元、占成交额4.36%。 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%。 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 软件和信息技术服务业为主的企业。企业注册资本61436.2928万人民币，实缴资本61436.2928万人民 币。公司法定代表人为曾胜强。 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 ...

（於香港註冊成立之有限公司） （股份代號 : 219） 董事會會議召開日期 順豪物業投資有限公司（「本公司」）謹此宣佈，本公司將於二零二五年八月二十 二日（星期五）舉行董事會會議，藉以（其中包括）考慮及批准刊發本公司及其 附屬公司截至二零二五年六月三十日止六個月之中期業績公告，以及考慮派發中 期股息（如有）。 代表 順豪物業投資有限公司 公司秘書 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份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。 順豪物業投資有限公司 顧菁芬 香港，二零二五年八月十二日 於本公告日期，本公司之董事會成員包括四名執行董事，即鄭啓文先生（主席）、許永浩先生、劉 金眉女士及伍月瑩女士；一名非執行董事，即呂馮美儀女士；以及三名獨立非執行董事，即陳儉 輝先生、林桂璋先生及廖毓初先生。 ...

Core Viewpoint - The recent equity transfer has resulted in a significant change in the ownership structure of *ST Dongjing, with Haotian Yiyi becoming the largest shareholder, controlling nearly 30% of the voting rights in the company [1][2] Group 1: Equity Transfer Details - Haotian Yiyi has acquired a 67.5302% limited partnership interest in Blue Ocean Investment Management Center and a 51% stake in Sitong Zhuozhi Investment Management Co., along with 48,616,036 shares of the company, representing 19.97% of the total share capital [1] - The completion of the equity transfer registration has been confirmed, and the total shares controlled by Haotian Yiyi now include 48,616,036 shares directly and an additional 24,399,453 shares indirectly through Blue Ocean, totaling 29.99% of the voting rights [2] Group 2: Voting Rights and Control Changes - Li Qingyue has irrevocably waived the voting rights associated with 16,680,360 shares, which is 6.85% of the total share capital, effective from August 4, 2025, to April 30, 2026 [2] - Following the equity transfer, the controlling shareholder of the company has changed to Haotian Yiyi, with Zhu Haifei becoming the actual controller [2]

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: | 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8月4日 | | | | I. 法定/註冊股本變動 不適用 | | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 第 2 頁 共 10 頁 v 1.1.1 FF301 III.已發行股份及/或庫存股份變動詳情 (A). 股份期權（根據發行人的股份期權計劃） 不適用 第 3 頁 共 10 頁 v 1.1.1 (B). 承諾發行發行人股份的權證 不適用 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) | ...

因信息披露违法违规被立案后，监管对嘉应制药（002198）及相关责任人的处罚落地。此前公司在5月 28日晚曾公告，因公司涉嫌信息披露违法违规，中国证监会决定对公司立案。（详见本报5月29日报道 本报报道后，002198被立案调查了！） 8月3日晚间，嘉应制药公告，8月1日，公司及相关责任人李能（现任董事长）、游永平（现任董事、总 经理）、史俊平（时任财务总监）收到中国证监会广东监管局下发的《行政处罚事先告知书》（以下简 称《行政处罚书》），因2.2亿元关联资金拆借未及时披露，嘉应制药及相关责任人合计领490万元罚 单。 嘉应制药及相关责任人领490万元罚单 《行政处罚书》显示，嘉应制药董事长李能是湖南药聚能医药有限公司（以下简称"药聚能"）的实际控 制人，药聚能构成嘉应制药的关联方。2024年10月至2025年1月期间，因药聚能存在短期资金需求，嘉 应制药的子公司嘉应制药（湖南）有限公司（以下简称"湖南嘉应"）以月初转出、月末转回的方式，向 药聚能提供短期资金拆借，单笔发生额在4万元至5999万元之间。其中，2024年度合计转出1.7亿元； 2025年1月转出5000万元，并均于当月转回，累计涉及金额为2.2 ...