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]

Core Viewpoint - *ST Weihai (002586.SZ) reported a decline in revenue and net profit for the first half of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company's operating revenue for the first half of 2025 was 830 million yuan, representing a year-on-year decrease of 4.10% [1] - The net profit attributable to shareholders of the listed company was 8.3278 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 4.497 million yuan [1] - The basic earnings per share were 0.0073 yuan [1]

Core Viewpoint - The company "Hao Xiang Ni" continues to face significant challenges, reporting a net loss of 19.84 million yuan in the first half of 2025, with revenue declining by 15.64% to 689 million yuan, following three consecutive years of losses [2][5]. Financial Performance - Hao Xiang Ni's revenue for the first half of 2025 decreased by 15.64% to 689 million yuan, while the net profit loss reached 19.84 million yuan [2]. - The change in accounting method regarding the investment in "Ming Ming Hen Mang" led to a reduction in investment income by 77.31 million yuan, directly impacting the net profit attributable to the parent company [5][4]. Investment and Accounting Changes - The company changed its accounting method for its investment in "Ming Ming Hen Mang" from equity method to fair value measurement, which significantly affected its financial results [5]. - In December 2023, Hao Xiang Ni invested 700 million yuan to acquire a 6.64% stake in "Ming Ming Hen Mang," but later reduced its stake to 6.2881% and withdrew from the board, necessitating the accounting change [5][4]. Business Challenges - The core business of red dates continues to decline, with revenue from red date products dropping by 16.38% to 500 million yuan and health preservation products declining by 26.13% to 25.81 million yuan in the first half of 2025 [8]. - Despite launching innovative products like "Hong Xiao Pai," which generated nearly 200 million yuan in its first year, the overall performance of the red date product line remains weak [8]. New Product Development - The company has recently entered the craft beer market with a new series of products, including red date-flavored beer, but the impact on overall performance is expected to be minimal as production is outsourced [9]. - The introduction of the "Bao Xi Jiu" series is part of the company's strategy to diversify its product offerings based on consumer demand [9]. Market Position - As of August 15, 2025, Hao Xiang Ni's stock price was 9.68 yuan, with a market capitalization exceeding 4.3 billion yuan [10].

格隆汇8月14日丨汤臣集团(00258.HK)公布，本公司将于2025年8月27日（星期三）举行董事局会议，藉 以（其中包括）考虑及批准发布本公司及其附属公司截至2025年6月30日止六个月的综合中期业绩。 ...

湯臣集團有限公司（「本公司」）董事局 謹此公佈，本公司將於二零二 五年八 月二十七日（星期 三）舉行董事局會議， 藉以（其中包括）考 慮及批准發佈本公司及其附屬公司截至二零 二五年六月三十日止六個 月之綜合中期業績。 承 湯臣集團有限公司 董事局命 公司秘書 李婉嫻 香港，二零二五年八月十四日 於 本 公 告 日 期 ， 本 公 司 董 事 局 包 括 三 位 執 行 董 事 （ 徐 楓 女 士 （ 主 席 兼 董 事 總 經 理 ）、湯 子 同 先 生（ 副 主 席 ）及 湯 子 嘉 先 生（副主席））及 三 位 獨 立 非 執 行 董 事（ 張 兆平先生 、 李 燦 輝 先 生 及 吳 自 謙 先 生 ）。 湯 臣 集 團 有 限 公 司 ( 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ) (股 份 代 號 : 258) 董事局會議召開日期 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 ...

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 。 湯 臣 集 團 有 限 公 司 ( 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ) (股 份 代 號 : 258) 正 面 盈 利 預 告 本公告乃本公司根據《證券及期貨條例》第 XIVA 部及《上市規則》 第 13.09(2)(a) 條而發出。 董事局 謹此 知會， 根據初 步估 計， 預 期本集 團 截 至二零 二五年 六月 三十日 止六 個月 之 股東 應 佔除 稅後綜 合 溢利 將較 二零二 四年同 期 之 1.0367 億港元錄得大幅增長約 6 倍至 7 倍。 股東及有意投資者於買賣本公司股份時務請審慎行事。 本公告乃湯臣集團有限公司（「 本公司」，及當連同其附屬公司時統稱 「本集團」）根據《證券及 ...