Financial Performance - The Group reported a significant increase in gross profit to HK$1,842,309,000 for the first half of 2025, compared to HK$106,468,000 in 2024, primarily due to the sale proceeds from the first phase of Tomson Foresta[10]. - Consolidated profit after taxation attributable to shareholders reached HK$782,191,000, a 6.55 times increase from HK$103,669,000 in the same period of 2024[11]. - Basic earnings per share increased to 35.96 HK cents, up from 5.03 HK cents in 2024[11]. - Total revenue for the six months ended June 30, 2025, reached HK$2,641,505,000, a significant increase of 1,943% compared to HK$129,565 in 2024[128]. - Gross profit for the same period was HK$1,842,309, representing a 1,634% increase from HK$106,468 in 2024[128]. - Profit for the period was HK$780,882, up 661% from HK$102,631 in 2024[130]. - Total comprehensive income for the period was HK$1,134,672, compared to a loss of HK$188,396 in 2024[130]. Property Development and Investment - The property development and trading segment generated a profit of HK$1,630,223,000, recovering from a loss of HK$28,248,000 in 2024[13]. - The property investment segment contributed a profit of HK$80,239,000, down from HK$93,979,000 in 2024[14]. - Total segment profit from property development and investment was HK$1,710,462,000, compared to HK$65,731,000 in 2024[21]. - Revenue from the property segment amounted to HK$2,615,311,000, accounting for approximately 98.88% of the Group's gross proceeds[22]. - The first phase of Tomson Foresta recognized total revenue of HK$2,512.06 million, representing about 94.98% of the Group's gross proceeds[24]. - Pre-sale proceeds for the second phase of Tomson Foresta reached HK$4,270.36 million, with 143 residential units contracted for sale[25]. - The property development and investment segment contributed a total profit of HK$1,710,462,000 for the six months ending June 30, 2025, compared to HK$65,731,000 in 2024[28]. Cash Flow and Financial Position - As of June 30, 2025, the Group's cash and cash equivalents amounted to HK$1,613,777,000, a decrease of approximately 57.67% from the previous year[66]. - The Group recorded a net cash outflow of HK$848,198,000 from operating activities during the period, primarily due to tax payments and construction costs[66]. - As of June 30, 2025, the Group's total liabilities were HK$4,023,286,000, with approximately 36.51% being borrowings[68]. - The Group's commitments for property development expenditures were HK$2,531,687,000, an increase from HK$2,123,477,000 as of December 31, 2024[70]. - The current ratio improved to 1.79 times from 1.63 times, while the gearing ratio decreased to 67.63% from 74.41%[71]. - Cash and cash equivalents decreased by approximately 57.67% to HK$1,613,777,000 from HK$3,812,642,000[72]. Shareholder Information - Madam Hsu Feng held a total of 971,008,239 shares in the company, representing 42.983% of the total issued shares[96]. - Mr. Albert Tong owned 351,071,985 shares, accounting for 15.541% of the total issued shares[97]. - Mr. Tong Chi Kar Charles held 357,942,326 shares, which is 15.845% of the total issued shares[97]. - King China Holdings Limited owned 308,801,419 shares, representing 13.670% of the total issued shares[103]. - E-Shares Investments Limited held 213,558,771 shares, which is 9.453% of the total issued shares[104]. - Step Famous Investment Limited owned 145,889,287 shares, accounting for 6.458% of the total issued shares[104]. Corporate Governance - The Board has complied with all applicable code provisions of the Corporate Governance Code, except for the dual role of Madam Hsu Feng as both Chairman and Managing Director[117]. - The Audit Committee consists of three independent non-executive Directors, with Mr. Cheung Siu Ping acting as the chairman[121]. - There were no changes in the information regarding the Directors of the Company since the publication of the Annual Report 2024[126]. Future Outlook - The Group remains cautiously optimistic about the long-term economic development in Mainland China despite high interest rates and subdued market sentiment[79]. - Tomson Foresta is expected to be the principal source of profit for the Group in 2025 and a major contributor in the following years[79]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[135]. - Future guidance suggests a focus on enhancing operational efficiency and exploring potential mergers and acquisitions[135].

Trading Information Summary - As of September 11, 2025, ST Unimed (002581) closed at 7.73 yuan, down 1.28%, with a trading volume of 641.1 million yuan and a year-to-date decline of 29.88% [1][3] - In the last 10 trading days, the main funds have seen a net inflow of 18.21 million yuan, with the stock price increasing by 5.66% during the same period [1][3] Fund Flow Analysis - On September 11, 2025, the main funds experienced a net outflow of 856,300 yuan, while retail funds saw a net inflow of 500,700 yuan [1] Company Announcement Summary - The board of directors of Shandong Unimed Biopharmaceutical Co., Ltd. confirmed the legality and validity of the 2025 stock option incentive plan's candidate list, which was publicly announced internally from August 29 to September 10, 2025, with no objections received [1][3]

Core Viewpoint - ST Unimed (002581) has announced the public disclosure of its 2025 stock option incentive plan, confirming that the selected candidates meet all necessary qualifications and legal requirements [1] Group 1: Stock Performance - As of September 10, 2025, ST Unimed's stock closed at 7.83 yuan, reflecting a 1.56% increase from the previous trading day [1] - The stock opened at 7.72 yuan, reached a high of 7.92 yuan, and a low of 7.71 yuan, with a trading volume of 68.54 million yuan and a turnover rate of 2.19% [1] Group 2: Incentive Plan Details - The company conducted an internal public disclosure of the incentive candidates from August 29 to September 10, 2025, during which no objections were raised [1] - The board's remuneration and assessment committee verified the candidates' identities, employment contracts, and qualifications, confirming that all selected individuals are eligible according to relevant laws and company regulations [1] - The candidates include company directors, senior management, middle management, and core technical personnel, all deemed legitimate and valid for participation in the stock option incentive plan [1]

Core Viewpoint - *ST Weihai has been awarded a contract for a significant water supply project in Putian City, indicating a positive development for the company and its future revenue potential [1] Group 1: Project Details - The company, in collaboration with Taizhou Water Conservancy and Hydropower Survey and Design Institute, has won the bid for the "Integrated Urban and Rural Water Supply in Putian City - Rural 'One Household, One Meter' and Old Pipeline Renovation Project" [1] - The total contract value for the project is approximately 155.9 million yuan [1]

FF301 致：香港交易及結算所有限公司 公司名稱: 湯臣集團有限公司（於開曼群島註冊成立之有限公司） 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 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) | 00258 | 說明 | 不適用 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 3,000,000,000 | HKD | | 0.5 HKD | | 1,500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 3,000,000,000 | HKD | | 0.5 HKD | | 1,500,000,000 | 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: ...

Core Insights - Tongchen Group (00258) reported a total operating revenue of HKD 2.645 billion for the six months ending June 30, 2025, representing a year-on-year increase of 1880% [1] - The profit attributable to equity holders reached HKD 782 million, a significant increase of 654.51% compared to the previous year [1] - Basic earnings per share were HKD 0.3596 [1] Revenue Sources - The primary source of profit for the group was property development and sales, generating a profit of HKD 1.63 billion, a turnaround from a loss of HKD 28.248 million in 2024, attributed to property sales in Shanghai [1] - The second largest source of profit was property investment, contributing a profit of HKD 80.239 million, down from HKD 93.979 million in 2024. This profit was mainly derived from rental income and property management fees, excluding unrealized gains from the fair value changes of investment properties in Shanghai [1]

Core Insights - The company reported significant growth in its interim results for the six months ending June 30, 2025, with revenue reaching HKD 26.42 billion, a year-on-year increase of 1938.8% [1] - Gross profit amounted to HKD 18.42 billion, reflecting a year-on-year increase of 1630.4% [1] - Profit attributable to equity holders was HKD 7.82 billion, marking a year-on-year increase of 654.5% [1] - Basic earnings per share were HKD 0.3596 [1] Revenue and Profit Analysis - The substantial revenue growth was primarily driven by the delivery of properties from a major residential development project, Tongchen Junpin Phase 1, located in Pudong, Shanghai [1] - The recognition of sales revenue from this project significantly contributed to the gross profit of HKD 18.42 billion [1]

Core Viewpoint - Tongchen Group (00258) reported a significant increase in its interim results for the six months ending June 30, 2025, with total operating income reaching HKD 2.645 billion, a year-on-year increase of 1880% [1] Financial Performance - The profit attributable to equity holders amounted to HKD 782 million, reflecting a year-on-year increase of 654.51% [1] - Basic earnings per share were HKD 0.3596 [1] Revenue Sources - Property development and sales emerged as the primary source of profit for the group, generating a profit of HKD 1.63 billion, a turnaround from a loss of HKD 28.248 million in 2024, primarily due to property sales in Shanghai [1] - Property investment was the second-largest source of profit, contributing HKD 80.239 million, down from HKD 93.979 million in 2024. This profit was derived from rental income and property management fees, excluding unrealized gains from the fair value changes of investment properties in Shanghai [1]

Financial Performance - Total operating revenue for the six months ended June 30, 2025, was HKD 2,644,984, an increase from HKD 133,553 in the same period of 2024[2] - Revenue for the same period was HKD 2,641,505, compared to HKD 129,565 in 2024, reflecting a significant growth[2] - Gross profit reached HKD 1,842,309, up from HKD 106,468 year-on-year[2] - Profit before tax for the period was HKD 1,748,078, compared to HKD 148,219 in the previous year, indicating a substantial increase[2] - Net profit for the period was HKD 780,882, compared to HKD 102,631 in 2024, representing a growth of approximately 661%[3] - Basic earnings per share increased to HKD 35.96 from HKD 5.03 in the previous year[3] - Operating profit for the six months ended June 30, 2025, was HKD 2,644,984,000, compared to HKD 133,553,000 in the previous year[14] - The company reported a pre-tax profit of HKD 1,748,078,000 for the six months ended June 30, 2025, up from HKD 148,219,000 in the same period of 2024[20] - The company recorded a significant increase in net profit attributable to shareholders of HKD 782,191,000 for the first half of 2025, compared to HKD 103,669,000 in the same period of 2024, representing an increase of approximately 655%[28] - Basic earnings per share for the first half of 2025 were HKD 35.96, up from HKD 5.03 in the first half of 2024[28] - The company achieved a gross profit of HKD 1,842,309,000 in the first half of 2025, compared to HKD 106,468,000 in the same period of 2024[28] Assets and Liabilities - Total assets as of June 30, 2025, were HKD 14,165,791, compared to HKD 12,873,295 at the end of 2024[8] - Non-current assets increased to HKD 8,262,293 from HKD 7,988,893 year-on-year[6] - Current liabilities decreased to HKD 7,507,067 from HKD 7,768,329, improving the company's financial position[8] - Total equity rose to HKD 12,982,568 from HKD 11,892,297, reflecting a strong capital position[8] - As of June 30, 2025, the group's total liabilities amounted to HKD 4,023,286,000, a decrease from HKD 5,398,212,000 as of December 31, 2024, with approximately 36.51% being borrowings[50] - The group's borrowings stood at HKD 1,468,813,000, representing about 11.43% of the equity attributable to equity holders, an increase from 9.47% as of December 31, 2024[50] - The current ratio improved to 1.79 times from 1.63 times as of December 31, 2024, while the debt-to-equity ratio decreased to 67.63% from 74.41%[52] - The total value of mortgaged assets as of June 30, 2025, was approximately HKD 3,620,000,000, an increase from HKD 2,290,000,000 as of December 31, 2024[53] Revenue Sources - Revenue from property sales amounted to HKD 2,511,298,000, while golf club services generated HKD 25,472,000, and media and entertainment business contributed HKD 722,000[14] - Revenue from property development and sales was HKD 2,615,311,000, accounting for approximately 98.88% of the total operating revenue during the review period[32] - The company delivered properties from the first phase of the Tang Chen Jun Pin project, resulting in recognized sales revenue of approximately HKD 2,512,060,000, which constituted about 94.98% of total operating revenue[33] - The company’s property investment segment contributed a profit of HKD 80,239,000, down from HKD 93,979,000 in the previous year[29] - The company’s securities trading business recorded a profit of HKD 12,182,000, recovering from a loss of HKD 12,594,000 in the same period of 2024[29] - The rental income and property management fees from the commercial and industrial properties in Pudong generated approximately HKD 42,070,000, accounting for about 1.59% of the total operating income during the review period[36] - The golf club in Pudong generated income of HKD 25,472,000, representing about 0.96% of total operating income, and recorded a classified profit of HKD 3,698,000 during the review period[43] Taxation and Expenses - The company reported a total tax expense of HKD 967,196,000 for the six months ended June 30, 2025, compared to HKD 45,588,000 in the previous year[21] - Financing costs decreased to HKD 4,157,000 in the first half of 2025 from HKD 7,728,000 in the same period of 2024[19] - The company recognized a net impairment loss of HKD 14,853,000 on property, plant, and equipment during the reporting period[18] - The estimated taxable profit for subsidiaries in mainland China was provisioned at 25% for corporate income tax[23] Dividends and Share Issuance - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2025, compared to no interim dividend for the same period in 2024[28] - The group issued 92,624,630 new shares at HKD 2.5612 each as part of a scrip dividend plan, replacing a total cash dividend of HKD 237,231,000[47] Future Outlook and Strategy - The company remains cautiously optimistic about the long-term economic development in mainland China, focusing on high-end residential property development[56] - The group plans to maintain a balanced allocation of resources across different regions and business categories while exploring potential investment opportunities[56] - The management will continue to adopt a conservative approach in managing the group's securities trading portfolio, emphasizing stable recurring income securities[56] Other Information - The company applied new accounting standards effective from January 1, 2025, with no significant impact on financial performance or disclosures[3] - The group completed the acquisition of the remaining 30% equity in the residential development project in Macau, now holding 100% interest, but did not record any sales revenue during the review period due to a sluggish market[40] - The group recorded an unrealized loss of approximately HKD 48,450,000 from fair value changes of the investment properties in the first half of 2025[36] - The group generated income of HKD 3,479,000 from the securities trading business in Hong Kong, representing about 0.13% of total operating income, with a net gain of HKD 12,184,000 from available-for-sale securities investments[41] - The Shanghai Jin Jiang Tang Chen Intercontinental Hotel recorded an average occupancy rate of approximately 75.34%, with the group sharing a net profit of HKD 7,866,000 from this investment[44] - The group reported cash and cash equivalents of HKD 1,613,777,000 as of June 30, 2025, a decrease of approximately 57.67% compared to the previous year[49] - The net cash outflow during the review period was HKD 573,350,000, primarily due to tax payments and construction costs for properties under development[49] - The group holds a 13.483% equity interest in Shanghai Zhangjiang Microelectronics Port Co., with a fair value of HKD 224,273,000, accounting for about 1.03% of total assets[46]

Core Viewpoint - *ST Weihai (002586.SZ) reported a decline in revenue but achieved profitability in the first half of 2025 [1] Financial Performance - The company achieved operating revenue of 829.7 million yuan, a year-on-year decrease of 4.10% [1] - The net profit attributable to shareholders of the listed company was 8.3278 million yuan, marking a turnaround from loss to profit [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 4.4970 million yuan [1] - Basic earnings per share were 0.0073 yuan [1]