Financial Performance - The total revenue for the year ending December 31, 2025, was HKD 113,887,000, an increase from HKD 109,392,000 in the previous year, representing a growth of approximately 4.56%[2] - The net profit for the year was HKD 123,823,000, compared to HKD 223,196,000 in the previous year, showing a decrease of 44.55%[3] - Basic earnings per share were HKD 6.68, down from HKD 12.85, representing a decline of 48.06%[3] - Total comprehensive income for the year ended December 31, 2025, was HKD 123,661,000, compared to HKD 183,141,000 in 2024, representing a decrease of approximately 32.5%[4] - The company's profit attributable to shareholders was HKD 124,016,000 for the year, down from HKD 183,424,000 in the previous year, indicating a decline of about 32.4%[4] - The company reported a total profit before tax of HKD 104,232,000, with the securities segment showing a loss of HKD 31,350,000[19] - The group recorded a profit of approximately HKD 123,823,000 for the year ending December 31, 2025, down from HKD 223,196,000 in 2024, mainly due to a substantial decrease in net investment income[67] Revenue Sources - Interest income reached HKD 62,400,000, up from HKD 51,001,000, marking a significant increase of 22.73%[2] - Commission income and fees rose to HKD 21,036,000 from HKD 17,270,000, reflecting a growth of 21.56%[2] - Investment income decreased to HKD 25,956,000 from HKD 45,616,000, indicating a decline of 43.14%[2] - The company experienced a significant increase in investment income, reaching HKD 45,616,000 for the fiscal year ending December 31, 2025[18] - Investment income from dividends surged to HKD 45,616,000 in 2025, up from HKD 25,956,000 in 2024, an increase of 75.9%[21] Expenses and Costs - Total operating expenses increased to HKD 57,375,000 from HKD 157,864,000, a reduction of 63.70%[3] - Employee costs and related expenses totaled HKD 57,375,000 for the fiscal year ending December 31, 2025, reflecting the company's investment in human resources[18] - Total operating expenses were approximately HKD 95,255,000 for the year ending December 31, 2025, a reduction of about 56.0% from HKD 217,822,000 in the previous year, primarily due to decreased employee costs and effective cost control measures[73] Assets and Liabilities - Total assets increased to HKD 4,833,421,000 in 2025 from HKD 4,729,696,000 in 2024, representing a growth of approximately 2.2%[5] - Non-current assets decreased to HKD 2,396,162,000 in 2025 from HKD 3,339,639,000 in 2024, a decline of about 28.3%[5] - Current assets rose significantly to HKD 2,437,259,000 in 2025, up from HKD 1,390,057,000 in 2024, marking an increase of approximately 75.5%[5] - Total liabilities decreased to HKD 324,722,000 in 2025 from HKD 344,658,000 in 2024, a reduction of approximately 5.8%[6] - The company reported a net cash position of HKD 302,123,000 in 2025, down from HKD 419,733,000 in 2024, indicating a decrease of about 28.0%[5] Credit Loss Provisions - The company recognized a provision for expected credit losses of HKD 9,369,000, compared to a loss of HKD 39,179,000 in the previous year, indicating an improvement[3] - The expected credit loss provision was approximately HKD 9,369,000 for the year ending December 31, 2025, significantly reduced from HKD 39,179,000 in the previous year, indicating improved credit quality[76] Strategic Plans and Outlook - The company plans to focus on market expansion and new product development to drive future growth[2] - The company is exploring potential mergers and acquisitions to enhance its market position and drive growth[4] - Future guidance indicates a cautious outlook, with expectations of gradual recovery in revenue and profitability[4] - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[21] Governance and Compliance - The company has adhered to the corporate governance principles and rules as per the listing rules until December 31, 2025[93] - All directors confirmed compliance with the standards for securities trading as outlined in the listing rules for the year ending December 31, 2025[94] - The Audit Committee consists of four independent non-executive directors and meets twice a year with external auditors[95] Market Conditions - The global economic growth rate for 2025 is projected to be around 3.3%, with developed economies maintaining a low growth range of 1.7%[51] - The GDP growth rate for Hong Kong in 2025 is estimated to be approximately 3.5%, reflecting a resilient economy amid complex internal and external environments[52] - The Hong Kong capital market saw an increase in IPO fundraising compared to the previous year, with the Hang Seng Index rising approximately 27.8%, marking the best performance since 2017[53] Investment Strategy - The investment strategy focuses on sectors with long-term growth potential, including healthcare, technology innovation, and new energy[56] - The group aims to expand its asset allocation scale while optimizing liquidity and income stability, focusing on competitive investment performance and brand image[62] - The group will continue to explore strategic opportunities in healthcare, technology innovation, and new energy sectors, leveraging its position in Hong Kong as an international financial center[63]

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。 China Vered Financial Holding Corporation Limited 中 薇 金 融 控 股 有 限 公 司 （於香港註冊成立之有限公司） （股份代號：245） 董事會會議召開日期 中薇金融控股有限公司（「本公司」，連同其附屬公司「本集團」）董事會（「董事會」） 謹此宣佈，將於二零二六年三月二十七日（ 星期五 ）舉行本公司董事會會議，藉以 考慮及批准本集團截至二零二五年十二月三十一日止年度之全年業績，及派發末 期股息之建議（ 如有 ），以及處理其他事項。 承董事會命 中薇金融控股有限公司 主席 黃金源 香港，二零二六年三月十七日 於本公告日期,董事會成員包括(1)本公司執行董事李峰先生及解放先生；(2)本公 司 非 執 行 董 事 黃 金 源 先 生 及 孫 皓 舒 女 士 ； 及 (3) 本 公 司 獨 立 ...

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: | 2026年2月28日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 中薇金融控股有限公司 (於香港註冊成立之有限公司) | | | 呈交日期: | 2026年3月4日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 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) 00245 說明 中薇金融 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 1,859,097,962 1,859,097,962 增加 / 減少 (-) 0 本月底結存 1,859,097,962 0 1,859,097,962 足夠公眾持股量的確認(註4) | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《GEM上市規則》第17.37D(1)條或第25.21D(1)條， ...

Core Insights - The report highlights changes in the Hong Kong Stock Connect holdings, indicating significant increases and decreases in ownership percentages for various companies. Group 1: Recent Increases in Holdings - VITASOY INT'L (00345) saw an increase of 0.09%, bringing its latest holding percentage to 3.75% [1] - 恒生科技ETF (03032) increased by 0.04%, with a current holding of 18.49% [1] - 永升服务 (01995) experienced a rise of 0.01%, now holding 4.57% [1] - 南方东西精选 (03441) had the largest increase over five days at 18.46%, reaching 41.03% [4] - 喜相逢集团 (02473) increased by 10.04%, with a holding of 45.14% [4] - 兆易创新 (03986) rose by 4.95%, now at 6.65% [4] Group 2: Recent Decreases in Holdings - 南方恒生科技 (03033) experienced the largest decrease of -0.14%, with a current holding of 68.87% [2] - 医渡科技 (02158) decreased by -0.03%, now at 22.59% [2] - 盈富基金 (02800) saw a reduction of -0.02%, with a holding of 3.49% [2] - 山东墨龙 (00568) had a five-day decrease of -1.30%, now at 53.56% [5] - 亿华通 (02402) decreased by -1.00%, with a holding of 27.49% [5] - 国富氢能 (02582) saw a reduction of -0.90%, now at 20.14% [5] Group 3: Long-term Trends in Holdings - Over a 20-day period, 喜相逢集团 (02473) had the highest increase of 42.45%, reaching 45.14% [6] - 南方东西精选 (03441) increased by 27.31%, now at 41.03% [6] - 钧达股份 (02865) rose by 15.74%, with a holding of 64.80% [6] - 天齐锂业 (09696) experienced a significant decrease of -6.48%, now at 31.50% [6] - 金风科技 (02208) decreased by -5.88%, with a holding of 42.49% [6]

Market Overview - The A-share market showed mixed performance with the Shanghai Composite Index closing at 4137.55 points, up 0.22%, while the Shenzhen Component Index fell by 0.07% and the ChiNext Index dropped by 0.91% [2][3] - A total of 2728 stocks rose, with 53 hitting the daily limit, while 2475 stocks declined. The trading volume for the day was 1.3 trillion yuan, a decrease of 949 billion yuan from the previous trading day [3] Sector Performance - The non-ferrous metals sector rebounded significantly, with tungsten-related stocks experiencing a surge, including companies like Xianglu Tungsten Industry and Zhongtung High-tech [4][5] - The chemical sector also showed strength, driven by price increases, with a report from UBS predicting a new upward cycle for the Chinese chemical industry from 2026 to 2028 [9] Individual Stock Highlights - Baichuan Co. saw its stock price rise sharply, achieving 8 consecutive limit-ups over 11 days, attributed to advancements in its new materials business and rising product prices. The company reported a projected 165% year-on-year increase in negative electrode material shipments by 2025 [9][10] - In the tungsten market, prices have been on the rise, with 65% black tungsten concentrate quoted at 697,000 yuan per ton, an increase of 7,000 yuan from the previous day [7] Media and Entertainment Sector - The media and entertainment sector faced a significant downturn, with major stocks like Huayi Brothers and Wanda Film dropping over 10%. This decline follows a previous surge driven by expectations of increased box office revenues during the Spring Festival [10][11][12]

Market Overview - The A-share market continued to experience sideways fluctuations, with the oil, petrochemical, and non-ferrous metal sectors recovering, leading to a relatively strong performance of the Shanghai Composite Index, which closed at 4137.55 points, up 0.22% [2] - The Shenzhen Component Index fell by 0.07%, while the ChiNext Index and the Sci-Tech Innovation Index dropped by 0.91% and 0.48%, respectively [2] Chemical Sector Performance - The chemical sector showed significant activity, with Baichuan Co., Ltd. (002455) hitting the daily limit for the fourth consecutive trading day, achieving a year-to-date increase of 107% [4] - Other chemical stocks such as Sanfangxiang, Vinegar Chemical, New Jinlu, and Jinniu Chemical also reached their daily limits, contributing to a more than 2% rise in the Shenwan Basic Chemical Index [6] Baichuan Co., Ltd. Insights - Baichuan Co., Ltd. responded to institutional research regarding the price trend of TMP (Trimethylolpropane) products, which have increased from over 8000 yuan/ton at the end of 2025 to 15000 yuan/ton currently [5] - The company has a domestic total production capacity of approximately 200,000 tons for TMP, with strong overall demand [5] - The recent price increase is attributed to many manufacturers facing pressure and adjusting production lines or exiting the market, leading to a tight supply of TMP [5] Industry Outlook - According to Zhongyin Securities, the chemical industry is expected to accelerate the elimination of backward production capacity under stricter energy consumption, carbon emission, and safety process standards, transitioning from scale expansion to high-quality growth during the 14th Five-Year Plan period [8] - The demand for chemical products is anticipated to maintain good growth, supported by the steady implementation of domestic demand expansion policies and the rapid development of downstream industries such as new energy, AI, semiconductors, and humanoid robots [8] Commercial Aerospace Sector Activity - The commercial aerospace sector saw localized movements, with companies like Zhaobiao Co., Ltd., Zhongcai Technology, and Jiuding New Materials hitting their daily limits, while others like Hailanxin and Zhaobiao Co., Ltd. rose over 10% [10][11] - A significant milestone was achieved with the successful implementation of the Long March 10 rocket system low-altitude demonstration verification and the escape flight test of the Dream Boat manned spacecraft, marking an important breakthrough in China's manned lunar exploration program [12]

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: | 2026年1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: | 中薇金融控股有限公司 (於香港註冊成立之有限公司) | | | | 呈交日期: | 2026年2月4日 | | | | I. 法定/註冊股本變動 不適用 | | | | FF301 第 1 頁 共 10 頁 v 1.2.0 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 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) 00245 說明 中薇金融 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 1,859,097,962 1,859,097,962 增加 / 減少 (-) 0 本月底結存 1,859,097,962 0 1,859,097,962 足夠公眾持股量的確認(註4) 第 3 頁 共 10 頁 v 1.2.0 (B). 承諾發行發行人股份 ...

Core Viewpoint - The company, Zhongwei Financial (00245), anticipates a net profit of no less than HKD 100 million for the fiscal year ending December 31, 2025, a decrease from the approximately HKD 223 million net profit expected for the corresponding period in 2024 [1] Financial Performance - The expected decline in net profit for the fiscal year 2025 is primarily attributed to a significant reduction in net investment income, projected to be no less than HKD 60 million, compared to approximately HKD 436.5 million for the corresponding period [1] - The impact of the reduced investment income is expected to be partially offset by a decrease in employee costs and related expenses compared to the corresponding period, as well as a reversal of financial asset impairment provisions, which amounted to approximately HKD 39.2 million in the previous period [1]

Group 1 - The company, Zhongwei Financial (00245.HK), expects a net profit of no less than HKD 100 million for the fiscal year ending December 31, 2025, compared to an estimated net profit of approximately HKD 223 million for the corresponding period in 2024 [1] - The anticipated decline in net profit for fiscal year 2025 is primarily due to a significant reduction in net investment income, projected to be no less than HKD 60 million, compared to approximately HKD 436.5 million for the corresponding period [1] - The impact of the reduced net investment income is expected to be partially offset by a decrease in employee costs and related expenses, as well as a reversal of financial asset impairments, which recorded approximately HKD 39.2 million in the corresponding period [1]

Core Viewpoint - The company expects a significant decline in net profit for the fiscal year ending December 31, 2025, projecting at least HKD 100 million, compared to approximately HKD 223 million for the corresponding period in 2024 [1] Financial Performance - The anticipated drop in net profit for fiscal year 2025 is primarily attributed to a decrease in net investment income, expected to be at least HKD 60 million, down from approximately HKD 436.5 million in the corresponding period [1] - The impact of reduced investment income is expected to be partially offset by a decrease in employee costs and related expenses compared to the corresponding period, as well as a reversal of financial asset impairments, which amounted to approximately HKD 39.2 million in the previous period [1]