智通财经APP讯，第一上海(00227)发布截至2025年6月30日止六个月的未经审计中期业绩，营业额1.92 亿港元，同比减少8.21%;股东应占溢利334.4万港元，同比减少94.95%;每股基本盈利0.15港仙。 ...

Core Points - The company reported an unaudited interim performance for the six months ending June 30, 2025, with a revenue of HKD 192 million, representing a year-on-year decrease of 8.21% [1] - Shareholders' profit attributable to the company was HKD 3.344 million, reflecting a significant year-on-year decline of 94.95% [1] - The basic earnings per share were HKD 0.15 [1]

Core Viewpoint - First Shanghai (00227.HK) reported a decline in revenue and net profit for the six months ending June 30, 2025, primarily due to decreased property sales and margin loan interest income, partially offset by an increase in brokerage commission income [1] Financial Performance - The group's revenue for the period was approximately HKD 192 million, representing an 8% decrease compared to the same period in 2024 [1] - The net profit attributable to shareholders fell by 95%, from approximately HKD 66 million to about HKD 3 million [1] - Basic earnings per share decreased from 3.02 HK cents to 0.15 HK cents [1]

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。 第 一 上 海 投 資 有 限 公 司 （ 於 香 港 註 冊 成 立 之 有 限 公 司 ） （股 份 代 號：227） | | 截至六月三十日止六個月 | | | --- | --- | --- | | | 二零二五年 | 二零二四年 | | | 港幣千元 | 港幣千元 | | 期內溢利 | 3,674 | 66,108 | | 其他全面收益╱（虧損） | | | | 已重新分類或其後可能重新分類至損益之項目 | | | | －出售附屬公司而確認之匯兌儲備 | – | (20,589) | | －匯兌差異 | 45,024 | (14,218) | | 將不會重新分類至損益之項目 | | | | －按公平值作其他全面收益處理之財務資產之 | | | | 公平值收益╱（虧損） | 8,331 | (2,717) | | －匯兌差異 | 923 | (490) | | 期內其他全面收益╱（虧損），扣除稅 ...

Core Viewpoint - The company received a warning letter from the Beijing Regulatory Bureau of the China Securities Regulatory Commission due to two violations, including non-operating fund occupation and irregular financial accounting practices [2][5]. Group 1: Violations and Regulatory Actions - The warning letter highlighted two main violations: 1. From February 2023 to May 2024, the company provided 69.5 million yuan to its actual controller, Li Weiguo, through various means, constituting non-operating fund occupation without timely disclosure [5]. 2. The company exhibited irregularities in financial accounting, including inaccurate revenue recognition and project income confirmation [5]. - The company and responsible individuals, including Li Weiguo, Zhang Zhiping, Zhang Bei, and Xu Wei, received administrative regulatory measures and were recorded in the capital market integrity database [5]. Group 2: Financial Performance - In the first half of 2025, the company reported revenue of 13.569 billion yuan, a year-on-year decline of 10.84%, and a net profit attributable to shareholders of 564 million yuan, down 40.16% [8]. - The company attributed the revenue decline to lower-than-expected market demand, with a continuous downward trend in performance since 2024 [8]. - In the first half of 2024, revenue decreased by 9.69%, and net profit dropped by 29.31%. For the entire year of 2024, revenue fell by 14.52%, and net profit plummeted by 95.24% [8]. Group 3: Market Capitalization and Shareholder Actions - The company's market capitalization peaked at 156.738 billion yuan in 2021 but has since declined significantly, losing over 100 billion yuan in value [8]. - In early 2024, the market capitalization reached a high of 46.995 billion yuan, but it has continued to decrease [8]. - In July 2023, the actual controller, Li Weiguo, announced a plan to reduce his holdings by up to 46.3822 million shares, representing no more than 1.94% of the total share capital, potentially cashing out over 500 million yuan [9].

董事會會議通知 第一上海投資有限公司 (「本公司」) 董事會謹此宣佈，本公司董事會會議將於二零二 五年八月二十二日 (星期五) 在本公司註冊辦事處舉行，藉以審議及批准 (其中包括) 本公司截至二零二五年六月三十日止六個月之中期業績及考慮派發中期股息 (如有)。 承董事會命 第一上海投資有限公司 主席 勞元一 日期：香港，二零二五年八月八日 於本公佈刋發日期，本公司董事會現有之執行董事為勞元一先生、辛樹林先生、楊偉堅先生及 勞苑苑女士；非執行董事為郭琳廣先生銀紫荊星章，太平紳士；而獨立非執行董事為劉吉先生、 俞啟鎬先生、周小鶴先生及李之耘先生。 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文件的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本文件全部或任何部份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。 第一上海投資有限公司 (於香港註冊成立之有限公司) (股份代號: 227) ...

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: | 第一上海投資有限公司 | | | 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 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) | 00227 | | 說明 | 普通股 | | | | | | | | 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 | | | | 2,190,679,905 | | 0 | | 2,190,679,905 | | 增加 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示: ● 活动召开时间：2025年5月12日（周一）下午15:40-17:40 ● 活动召开地点："全景路演"（网址： http://rs.p5w.net） 参加本次说明会的人员包括公司董事长兼总经理丁林洪先生、独立董事范其勇先生、董事兼常务副总经 理高敏红女士、董事会秘书兼副总经理先正红女士、财务总监叶勇先生。 三、投资者参加方式 ● 活动召开方式：网络远程方式。投资者可在上述召开时间，通过"全景路演"（网址： http://rs.p5w.net），在线参与本次活动，公司将及时回答投资者的提问。 ● 投资者可于本公告发出之日起至2025年5月8日，通过微信关注"贵州资本市场"公众号，发送关键 词"提问"，即可进入专区提问。公司将在本次说明会上对投资者普遍关注的问题进行回答。 贵州赤天化股份有限公司（以下简称：公司）已于2025年4月29日在上海证券交易所网站 （http://www.sse.com.cn）上披露了《2024年年度报告》及其摘要。为加强公司与投资者的交流 ...

Core Viewpoint - First Shanghai (00227) reported a total revenue of HKD 390 million for the fiscal year 2024, representing a year-on-year growth of 24.77%, and a net profit attributable to shareholders of HKD 77.974 million, marking a turnaround from losses [3] Financial Performance - Total revenue for 2024 was HKD 390 million, up 24.77% year-on-year [3] - Net profit attributable to shareholders was HKD 77.974 million, a significant recovery from previous losses [3] - Basic earnings per share stood at HKD 0.0356, with a weighted average return on equity of 3.21%, an increase of 3.66 percentage points from the previous year [3][24] - The net cash flow from operating activities was -HKD 83.352 million, a decrease of HKD 89.364 million compared to the previous year [28] Valuation Metrics - As of April 17, the price-to-earnings (P/E) ratio (TTM) was approximately 6.88 times, the price-to-book (P/B) ratio (TTM) was about 0.22 times, and the price-to-sales (P/S) ratio (TTM) was around 1.37 times [3] Revenue Composition - The revenue composition for 2024 included: - Financial Services: HKD 168.6 million - Property Development: HKD 67.6 million - Property Investment and Hotels: HKD 151.4 million - Other Businesses: HKD 2.8 million [19] Cash Flow and Financial Position - Cash flow from financing activities was -HKD 111 million, down HKD 85.861 million year-on-year [28] - Cash flow from investing activities was HKD 140 million, compared to HKD 115 million in the previous year [28] - As of the end of 2024, the company’s liquidity ratios were: - Current ratio: 1.57 - Quick ratio: 1.43 [42] Asset and Liability Changes - Significant changes in assets included: - Cash and cash equivalents decreased by 25.21% - Investment properties decreased by 3.58% - Accounts receivable decreased by 1.53% [36] - Major changes in liabilities included: - Accounts payable decreased by 20.62% - Short-term borrowings decreased by 43.03% - Long-term borrowings decreased by 37.9% [39]

Financial Performance - For the fiscal year ending December 31, 2024, the company reported a net profit attributable to shareholders of approximately HKD 78 million, with basic earnings per share of HKD 3.56, a significant recovery from a net loss of HKD 11 million and a basic loss per share of HKD 0.65 in 2023[11]. - The company achieved a net profit attributable to shareholders of approximately HKD 78 million for the year ended December 31, 2024, compared to a net loss of approximately HKD 11 million in 2023, marking a turnaround from loss to profit[20]. - Total revenue for the company was approximately HKD 390 million, representing a 25% increase compared to 2023, driven by growth in financial services and property and hotel operations[20]. - The financial services segment recorded an operating profit that increased nearly threefold compared to 2023, attributed to growth in brokerage commission income and margin loan interest income[21]. - The property and hotel segment reported an operating loss of HKD 29 million in 2024, slightly worsening from a loss of HKD 28 million in 2023, despite increased sales from the Huangshan project and hotel operations in Paris[22]. - The company’s brokerage commission income and margin loan interest income increased by 9% and 7% respectively compared to 2023, reflecting a recovery in the Hong Kong IPO market[21]. - The company reported a distributable reserve of HKD 269,049,000 as of December 31, 2024, compared to HKD 91,449,000 in 2023, reflecting a significant increase of 194%[48]. - The company reported a comprehensive financial performance reflecting its financial position as of December 31, 2024, in accordance with Hong Kong Financial Reporting Standards[111]. Market Conditions - The Hang Seng Index reached a high of 23,000 points in October 2024, with a single-day trading volume exceeding HKD 620 billion, marking a historical record[13]. - The Hong Kong IPO market remained strong, ranking fourth globally in fundraising despite a slight decrease of 3% compared to 2023[13]. - The real estate market in mainland China continued to face significant pressure, with major cities experiencing a general decline in property prices due to oversupply and weak buyer confidence[14]. - The company anticipates a cautiously optimistic outlook for the Hong Kong stock market in 2025, driven by supportive monetary policies and a potential recovery in the mainland economy[15]. - The global financial markets in 2025 are expected to face both opportunities and challenges, with geopolitical risks and trade tensions remaining major uncertainties[15]. - The overall investment environment remains cautious, with ongoing challenges in the commercial property market due to weak demand and financing constraints[22]. Company Strategy and Operations - The company is focusing on developing its financial services and property and hotel businesses, continuing to invest human resources and capital in these areas[11]. - The company plans to continue focusing on completing existing development projects in Wuxi and Huangshan, as well as property sales in the coming year[24]. - The company has not engaged in any significant acquisitions or major investments during the year[29]. - The company has complied with all capital regulations applicable to its licensed subsidiaries in 2024[27]. - The company has established internal controls to monitor and recover margin loans, ensuring compliance with commercial interest rates and collateral requirements[117]. Financial Position and Assets - Total assets as of December 31, 2024, were HKD 5,048,502,000, down from HKD 5,616,782,000 in 2023[70]. - The company's total liabilities decreased to HKD 2,492,474,000 in 2024 from HKD 3,185,096,000 in 2023, indicating improved financial health[70]. - The company’s net asset value increased by 5%, rising from approximately HKD 2,432 million in 2023 to approximately HKD 2,556 million in 2024[20]. - The company’s investment properties recorded a fair value loss of approximately HKD 4 million in 2024, compared to a fair value gain of approximately HKD 21 million in 2023[24]. - The total net asset value of the company's mortgaged properties was approximately HKD 558,000,000, down from HKD 570,000,000 in 2023[30]. Governance and Compliance - The board of directors includes independent non-executive directors, ensuring governance and oversight[54]. - The company has adopted a board diversity policy, with the current board composition being one female and eight male directors, achieving a gender diversity ratio of approximately 46% female to 54% male among employees[81]. - The company has established three committees: the Nomination Committee, the Remuneration Committee, and the Audit Committee, to assist the board in fulfilling its responsibilities effectively[87]. - The company has received annual confirmations of independence from its independent non-executive directors, ensuring compliance with specific independence standards[80]. - The company has established a communication policy to ensure timely and transparent communication with shareholders[101]. Employee and Operational Metrics - The total employee cost for the year ending December 31, 2024, was approximately HKD 208,000,000, compared to HKD 203,000,000 in 2023[33]. - The company employed a total of 569 staff members as of December 31, 2024, with 343 located in mainland China[33]. - The company has consistently maintained sufficient public float as required by the listing rules throughout the year[68]. Cash Flow and Financing - The company reported a net cash position of HKD 284,650,000 as of December 31, 2024, down from HKD 340,622,000 in 2023[134]. - The company generated HKD 139,840,000 in net cash from investing activities in 2024, up from HKD 114,893,000 in 2023, reflecting an increase of about 21.7%[138]. - The company paid HKD 22,221,000 in interest in 2024, down from HKD 30,282,000 in 2023, indicating a reduction in financing costs[138]. - The company’s cash flow from financing activities showed a net outflow of HKD 110,803,000 in 2024, compared to a net outflow of HKD 24,942,000 in 2023, indicating increased financing activity[138]. Risk Management - The company acknowledges risks related to ongoing geopolitical tensions and the market's heavy reliance on mainland China's economic policies[15]. - The Risk Committee was established in 2016 and regularly monitors the effectiveness of the risk management framework, reporting at least annually to the Audit Committee[96]. - The company engaged external consultants to review the effectiveness of its internal control system, which was deemed effective and adequately resourced[98].