Group 1 - The stock price of *ST Jintai (300225) closed at 5.49 yuan on September 15, 2025, down 3.0% with a turnover rate of 4.01% and a trading volume of 190,400 shares, amounting to a transaction value of 105 million yuan [1] - On September 15, 2025, the main funds experienced a net outflow of 11.21 million yuan, while retail investors saw a net inflow of 8.64 million yuan [1][3] - The company received an administrative penalty notice from the China Securities Regulatory Commission for failing to disclose the 2024 annual report within the legal timeframe, facing a proposed fine of 2 million yuan [1][3] Group 2 - The company has acknowledged the penalty and committed to improving its information disclosure management [1] - The penalties include a warning and a fine of 1 million yuan for the chairman and president, and fines of 800,000 yuan each for the executive director and the financial director [1]

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) | 00225 | 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 | | | 110,179,385 | | 0 | | 110,179,385 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 110,179,385 | | 0 | | 110,179,385 | 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: 博富臨置業有限公司 呈交日期: 2025年9月2日 I. 法定/註冊股本變動 不適用 FF301 第 1 頁 共 10 頁 v 1.1.1 第 2 頁 共 ...

Group 1 - The company *ST Zhisheng (002253.SZ) reported a significant decline in revenue for the first half of 2025, achieving an operating income of 54.5151 million yuan, which represents a year-on-year decrease of 37.39% [1] - The net profit attributable to shareholders of the listed company was -32.878 million yuan, indicating a loss [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -36.7515 million yuan, further highlighting the company's financial struggles [1] - The basic earnings per share were reported at -0.15 yuan, reflecting negative performance [1]

格隆汇8月19日丨*ST金泰（维权）(300225.SZ)公布2025年半年度业绩预告，1-6月公司实现归属于上市 公司股东的净利润盈利700.00万元–1,000.00万元，比上年同期下降23%–46%；归属于上市公司股东的扣 除非经常性损益后的净利润盈利400.00万元–600.00万元，比上年同期下降49%–66%。 报告期内，公司与战略备库供应商终止合作，导致本期计提其他应收款坏账准备较上年同期增加700万 元；为提高公司产品的市场竞争力，公司持续加大产品研发力度，研发费用同比有所增长。综合上述原 因，导致公司净利润较上年同期有所减少。 ...

Group 1 - The stock price of *ST Zhisheng (002253) closed at 10.71 yuan, an increase of 4.69% with a turnover rate of 7.53% and a trading volume of 156,300 shares, amounting to 167 million yuan [1] - The latest financial report for *ST Zhisheng shows total operating revenue of 25.34 million yuan, a year-on-year decrease of 6.11%, and a net profit attributable to shareholders of 12.73 million yuan, down 58.10% year-on-year [1] - The company has a current ratio of 2.256, a quick ratio of 1.510, and a debt-to-asset ratio of 22.39% [1] Group 2 - Sichuan Chuan University Zhisheng Software Co., Ltd. has made investments in 31 companies and participated in 521 bidding projects [2] - The company holds 51 trademark registrations and 185 patents, along with 15 administrative licenses [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: | 博富臨置業有限公司 | | | 呈交日期: | 2025年8月1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 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) | 00225 | 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 | | | 110,179,385 | | 0 | | 110,179,385 | | 增加 / 減少 (-) | | | | | | | ...

Financial Performance - The net loss attributable to the company for the six months ended March 31, 2025, was approximately HKD 131 million, compared to a net loss of HKD 218 million for the same period in 2024[7]. - The operating profit for the period, excluding non-operating items, was approximately HKD 28 million, an increase from HKD 26.1 million in 2024[8]. - Revenue for the six months ended March 31, 2025, was HKD 85,927,000, an increase of 3.1% compared to HKD 83,355,000 for the same period in 2024[45]. - The company reported a loss before tax of HKD 127,009,000, improving from a loss of HKD 214,127,000 in the prior year, indicating a reduction of 40.7%[45]. - The total comprehensive loss for the period was HKD 137,316,000, compared to HKD 217,444,000 in the previous year, reflecting a decrease of 36.9%[46]. - The group incurred a pre-tax loss of HKD 127,009,000 for the reporting period[59]. - The company reported a significant increase in new bank borrowings, totaling HKD 115,000,000 for the six months ended March 31, 2025, compared to HKD 15,000,000 in the previous period[51]. Rental Income and Property Performance - Rental income from residential properties increased by 3.2%, while rental income from commercial and industrial properties decreased by 10.5%[11]. - Rental income from the residential units in Beijing's Chaoyang District decreased by 3.1% compared to the previous year[18]. - The rental performance in the first half of fiscal year 2025 reflects positive trends, with stable occupancy rates and rental income for office and residential properties[21]. - Rental income decreased to HKD 51,766,000 from HKD 53,698,000, a decline of 3.6% compared to the previous year[64]. Investment Activities - The company invested HKD 34.9 million in the TKO Fund, with an investment valuation of HKD 39.3 million as of March 31, 2025[14]. - The property investment and management segment reported a loss of HKD 133,518,000, primarily due to a fair value decrease of investment properties amounting to approximately HKD 167,948,000[59]. - The securities investment segment recorded a profit of HKD 23,868,000, including a fair value increase of financial assets of approximately HKD 20,090,000[60]. Financial Position - As of March 31, 2025, the total bank borrowings amounted to HKD 415.8 million, an increase from HKD 374.0 million as of September 30, 2024[24]. - The group's cash and bank balances totaled HKD 72.5 million, down from HKD 83.2 million as of September 30, 2024[24]. - The debt-to-equity ratio increased to 9.3% from 8.1% as of September 30, 2024[24]. - The company’s total liabilities included bank borrowings of approximately HKD 3,729,000,000 as of March 31, 2025, down from HKD 3,873,500,000 as of September 30, 2024[75]. Dividends and Shareholder Information - The company declared an interim dividend of HKD 0.04 per share for the first six months of the fiscal year 2025, consistent with the previous year[9]. - The company declared a final dividend of HKD 0.32 per share for the fiscal year 2024, totaling HKD 35,257,000, down from HKD 37,461,000 in 2023[69]. - As of March 31, 2025, the total shareholding of the CEO and directors in the company is approximately 73.6% for the CEO and 73.2% for another director, indicating significant insider ownership[36]. Corporate Governance - The company has complied with all corporate governance codes as per the listing rules, except for the separation of the roles of Chairman and CEO, which are held by the same individual[32]. - The company has maintained compliance with the relevant provisions of the listing rules regarding connected transactions[31]. - The independent non-executive directors do not have a specific term of appointment but are subject to re-election at the annual general meeting[33]. Employee Information - The group reported a total of 118 employees as of March 31, 2025, compared to 115 employees as of September 30, 2024[29]. - The total remuneration for key management personnel for the six months ended March 31, 2025, amounted to HKD 4,350,000, an increase from HKD 4,051,000 for the same period in 2024, representing a growth of approximately 7.4%[89]. Other Financial Metrics - The company incurred a loss of HKD 130,974,000 during the six months ended March 31, 2024, which contributed to a total comprehensive loss of HKD 137,316,000 for that period[50]. - The company’s retained earnings as of March 31, 2025, were HKD 4,846,221,000, down from HKD 5,102,126,000 as of October 1, 2023[49]. - The company’s total tax expense for the six months ended March 31, 2025, was HKD 3,964,000, a decrease of 8.3% from HKD 4,323,000 in the same period of 2024[68].

Financial Performance - The company reported an unaudited consolidated net loss of approximately HKD 131 million for the six months ended March 31, 2025, compared to a net loss of HKD 218 million for the same period in 2024[8]. - Excluding non-operating items, the company's unaudited consolidated operating profit was approximately HKD 28 million, an increase from HKD 26.1 million in 2024[9]. - Revenue for the six months ended March 31, 2025, was HKD 85,927,000, an increase of 3.1% compared to HKD 83,355,000 for the same period in 2024[46]. - The loss before tax for the period was HKD 127,009,000, improving from a loss of HKD 214,127,000 in the same period last year, indicating a reduction of 40.7%[46]. - The total comprehensive loss for the period was HKD 137,316,000, compared to HKD 217,444,000 in the previous year, reflecting a decrease of 36.9%[47]. - The group incurred a pre-tax loss of HKD 127,009,000 for the period, compared to a loss of HKD 214,127,000 for the same period in 2024[65]. - Basic loss per share for the six months ended March 31, 2025, was HKD 1.19, compared to HKD 1.98 for the same period in 2024, indicating a 40.0% reduction in loss per share[71]. Revenue and Income Sources - Total revenue for the six months ended March 31, 2025, is HKD 85,927,000, an increase from HKD 83,355,000 for the same period in 2024, representing a growth of 3.1%[65]. - Revenue from sales of goods increased to HKD 23,281,000 from HKD 20,278,000, a growth of 9.9% year-over-year[65]. - Rental income decreased to HKD 51,766,000 from HKD 53,698,000, a decline of 3.6% year-over-year[65]. - Other income and gains decreased to HKD 8,033,000 from HKD 10,440,000, representing a decline of 23.1%[46]. Investment Activities - The company holds a diversified investment portfolio, including a real estate investment trust and three private asset funds, to mitigate risks and create long-term value[15]. - The investment in the TKO Fund amounts to HKD 34.9 million, with an investment valuation of HKD 39.3 million as of March 31, 2025[15]. - The company has fully paid USD 7.5 million for the Adams Street Private Income Fund, with an investment valuation of USD 6.7 million[16]. - The ALPS Private Credit Feeder Fund has a total commitment of USD 5 million, focusing on generating stable income through investments in the global credit market[16]. - The company’s investment activities resulted in a net cash outflow of HKD 36,677,000, compared to HKD 16,167,000 in the previous period[52]. Property and Rental Income - Rental income from residential properties increased by 3.2%, while rental income from commercial and industrial properties decreased by 10.5%[12]. - Rental income from the residential units in Beijing's Chaoyang District decreased by 3.1% compared to the same period last year[19]. - The property investment and management segment reported a loss of HKD 133,518,000, primarily due to a fair value decrease of investment properties amounting to approximately HKD 167,948,000[60]. Financial Position and Liabilities - As of March 31, 2025, the total bank borrowings amounted to HKD 4.158 billion, an increase from HKD 3.740 billion as of September 30, 2024[25]. - The debt-to-equity ratio increased to 9.3% from 8.1% as of September 30, 2024[25]. - The group has not utilized bank credit facilities amounting to HKD 11.245 billion, which will provide sufficient funding for operations and capital expenditures[25]. - Current liabilities increased to HKD 471,888,000 from HKD 430,817,000, an increase of 9.5%[48]. - The company's equity attributable to owners decreased to HKD 4,454,095,000 from HKD 4,623,099,000, a decrease of 3.7%[49]. Corporate Governance - The company has adhered to all corporate governance codes, except for the separation of the roles of Chairman and CEO, which are held by the same individual[33]. - The board will continue to review the effectiveness of the corporate governance structure, including the potential separation of the Chairman and CEO roles[34]. - All directors confirmed compliance with the standard code for securities trading throughout the reporting period[35]. Employee and Management Compensation - The group reported a total of 118 employees as of March 31, 2025, an increase from 115 employees as of September 30, 2024[30]. - The total compensation for key management personnel for the six months ended March 31, 2025, was HKD 4,350,000, up from HKD 4,051,000 for the same period in 2024, reflecting an increase of about 7.4%[90]. - The total short-term employee benefits for key management personnel increased to HKD 4,306,000 for the six months ended March 31, 2025, compared to HKD 4,011,000 for the same period in 2024, marking an increase of approximately 7.3%[90]. Dividends and Shareholder Information - The interim dividend declared is HKD 0.04 per share, consistent with the previous year[10]. - The company declared a final dividend of HKD 0.32 per share for the year ended September 30, 2024, totaling HKD 35,257,000, down from HKD 37,461,000 in the previous year[70]. - The company plans to close the shareholder register from June 10 to June 12, 2025, to ensure shareholders receive the interim dividend[44]. - As of March 31, 2025, the total shareholding of the CEO and directors represents approximately 73.6% of the issued shares[37].

Core Viewpoint - ST Shengda has successfully completed the "hat removal" process after 7 years, with the Shenzhen Stock Exchange agreeing to lift the risk warning on the company's stock, which will now be traded under the name "Shengda Forestry" [2][4]. Group 1: Company Background - The stock of Shengda Forestry was placed under risk warning on October 9, 2018, due to financial misconduct by its former controlling shareholder, Sichuan Shengda Forest Products Group Co., Ltd., which included fund occupation and unauthorized guarantees [4]. - The company has undergone significant changes, including the emergence of Huabao Trust as the largest shareholder, holding 28.33% of the company's shares as of the announcement date [5][6]. Group 2: Resolution of Core Risks - The company has resolved two major risk issues: the absence of fund occupation by the controlling shareholder and the elimination of serious violations regarding guarantees [5][6]. - All guarantee responsibilities have been fulfilled or deemed invalid by court rulings, and the company has made provisions for potential liabilities related to past guarantees [6]. Group 3: Legal Actions and Financial Recovery - The former actual controller has been sentenced to four years in prison for damaging the interests of the listed company, with other executives also receiving prison sentences [7]. - The company plans to continue legal actions against the former controlling shareholder to recover losses related to unauthorized guarantees and will actively investigate the financial status of the former shareholder to identify assets for debt repayment [7]. Group 4: Financial Performance - For the year 2024, the company reported a revenue of 733 million yuan, a decrease of 5.90%, but a significant increase in net profit to 11.99 million yuan, up 1190.67% year-on-year [8]. - In the first quarter of 2025, the company achieved a revenue of 230 million yuan, a year-on-year increase of 52.20%, with net profit rising by 177.20% to 11.37 million yuan [8]. Group 5: Stock Performance - Since April, the stock price of ST Shengda has surged by 61.86%, closing at 3.82 yuan per share on May 16, with a total market capitalization of 2.874 billion yuan [9].

Environmental and Sustainability Initiatives - The company conducted an environmental, social, and governance (ESG) risk assessment to identify potential impacts of climate change on its business and developed control measures to mitigate climate-related risks[7]. - The company aims to enhance climate resilience and management by implementing preventive measures in property projects and investing in areas less prone to natural disasters[7]. - The company has committed to reducing greenhouse gas emissions and energy consumption by prioritizing energy-efficient products and redesigning air conditioning systems[10]. - The company has implemented various measures to promote sustainability and transition to green buildings, including the installation of solar panels and energy-efficient systems[9]. - The company generated approximately 9,822 kWh of renewable energy from solar panels during the reporting period, a decrease from 10,514 kWh in the previous year[28]. - The company purchased renewable energy certificates, obtaining about 9,822 kWh of energy from local solar and wind power systems during the reporting period, compared to 10,514 kWh in the previous year[28]. - Total greenhouse gas emissions (Scope 1 and 2) decreased to 623.24 tons CO2 equivalent from 708.04 tons, a reduction of approximately 12%[55]. - Total energy consumption was 1,034.05 MWh, down from 1,126.00 MWh, representing a decrease of about 8.2%[55]. - The total amount of harmless waste generated was 1.26 tons, slightly down from 1.30 tons, indicating a reduction of about 3.1%[55]. - The total water usage increased to 9,389.86 cubic meters from 8,792.28 cubic meters, an increase of approximately 6.8%[55]. - The company has implemented various environmental regulations including the Air Pollution Control Ordinance and the Water Pollution Control Ordinance[66]. - The company has set emission reduction targets and outlined steps to achieve these goals in its green initiatives[68]. - The total water consumption and density metrics are disclosed, with a focus on water management strategies[70]. - There were no significant harmful waste generated during the reporting period, indicating effective waste management practices[68]. Financial Performance - The company's revenue for the year was HKD 5,524 million, representing a 3.5% increase compared to HKD 5,482 million in the previous year[44]. - The net operating profit attributable to shareholders was HKD 167 million, a decrease from HKD 180 million in the prior year, indicating a decline of approximately 7.2%[44]. - Earnings per share (EPS) for the year was HKD 0.65, compared to HKD 0.62 in the previous year, reflecting a growth of 4.8%[44]. - The company's total assets reached HKD 5,425 million, with a net asset value per share of HKD 49.2[44]. - The debt ratio was reported at 55.0%, showing a slight increase from 54.0% in the previous year[44]. - The audited consolidated net loss after tax and non-controlling interests for the year ended September 30, 2024, is approximately HKD 597.1 million, compared to a loss of HKD 181.7 million in 2023[135]. - The group reported a revaluation loss on investment properties of approximately HKD 626.5 million, compared to HKD 214.9 million in the previous year[135]. - Total financial costs amounted to approximately HKD 22.4 million, an increase of HKD 4.1 million compared to the same period last year, attributed to high interest rates during the period[184]. Corporate Governance - The company emphasizes the importance of good corporate governance practices to enhance shareholder value and investor confidence[85]. - The board consists of six members, with three executive directors and three independent non-executive directors, ensuring compliance with listing rules[90]. - Independent non-executive directors are actively involved in various committees, providing independent judgment on the group's development and performance[97]. - The company has established mechanisms to ensure the independence of the board, with three out of six directors being independent non-executive directors[97]. - The company is committed to maintaining high standards of corporate governance and regularly reviews its organizational structure[86]. - The board retains decision-making authority on significant matters, including financial reporting and major transactions[87]. - The company has established appropriate insurance coverage for its directors against legal actions[108]. - The board of directors has established three committees: the Remuneration Committee, the Audit Committee, and the Nomination Committee, to oversee specific aspects of the company's affairs[114]. - The Audit Committee is tasked with reviewing financial statements and reports before submission to the board, ensuring the adequacy and effectiveness of the company's financial reporting and internal control systems[124]. - The company has a commitment to transparency in its remuneration policies, ensuring that directors do not participate in determining their own remuneration[116]. Community Engagement and Social Responsibility - The company made charitable donations totaling HKD 18,000 during the reporting period to support environmental protection, sustainable development, and community health and well-being[35]. - The company participated in a fundraising campaign that distributed nearly 13,700 vouchers, raising approximately HKD 1 million for charitable causes[39]. - The company has committed to community engagement and investment, focusing on environmental protection and sustainable development[35]. - The company encourages employee participation in charitable activities and values its social responsibility[200]. - Community engagement initiatives were discussed, focusing on understanding community needs and ensuring business activities consider community interests[165]. Employee and Workforce Development - Employee headcount rose to 76 from 72, reflecting a growth of about 5.6%[57]. - Employee turnover rate significantly decreased to 3% from 31%, a reduction of approximately 90.3%[57]. - Average training hours per employee increased to 2.0 hours from 1.5 hours, an increase of about 33.3%[63]. - The number of suppliers in Hong Kong increased to 187 from 170, representing a growth of about 10%[63]. - The percentage of employees trained was broken down by gender and employee category, showcasing the company's commitment to workforce development[164]. - The company has established policies to prevent child labor and forced labor, ensuring compliance with significant laws and regulations[165]. - The company has implemented safety measures to prevent occupational hazards, complying with relevant laws and regulations[163]. - The report highlighted the number of work-related fatalities and the corresponding rates over the past three years, emphasizing the importance of workplace safety[163]. Market and Investment Strategy - The company plans to maintain its focus on sustainable development and environmental management as part of its ESG initiatives[47]. - The company is committed to enhancing its market presence through strategic initiatives and potential acquisitions in the upcoming fiscal year[44]. - The company aims to enhance its market position through strategic investments and potential acquisitions in the real estate sector[138]. - The group plans to actively allocate financial resources to identify and invest in financial instruments with favorable risk-adjusted return potential[187]. - The company is closely monitoring external conditions to adapt its strategies flexibly in response to market changes[187]. - The company is involved in a real estate investment fund, with a capital commitment of HKD 39 million, targeting properties in Tseung Kwan O[155]. - The overall real estate market in Hong Kong has stagnated, with low transaction volumes due to high interest rates and economic slowdown since 2023[155]. Board Diversity and Composition - The company plans to appoint at least one female director by December 31, 2024, to enhance board diversity[110]. - As of September 30, 2024, the employee gender distribution is 64.3% male and 35.7% female[111]. - The company emphasizes the importance of board diversity as a competitive advantage and will actively seek suitable candidates[110]. - The nomination committee will monitor the implementation of the board diversity policy and propose amendments as necessary[110].