Core Viewpoint - The company, 港誉智慧城市服务 (00265), anticipates a decline of approximately 37% in profit attributable to shareholders for the six months ending June 30, 2025, compared to an estimated profit of about 24 million HKD for the six months ending June 30, 2024 [1] Group 1 - The expected decline in profit is primarily attributed to an increase in fair value losses on investment properties amounting to approximately 4.3 million HKD [1] - The company also expects a decrease in bank interest income by about 2.7 million HKD [1] - Additionally, the group's gross profit is projected to decline [1]

格隆汇8月12日丨港誉智慧城市服务(00265.HK)公告，根据集团截至2025年6月30日止6个月期间的未经 审核综合管理账目及董事会目前可得有关本期间的资料作出的初步评估，与截至2024年6月30日止6个月 期间公司拥有人应占溢利约2400万港元的相比，预计集团的相关溢利将录得约37%的跌幅。 董事会相信，预期跌幅乃主要由于(i)投资物业的公平值变动亏损增加约4.3百万港元；(ii)银行利息收入 减少约270万港元；及(iii)集团毛利下跌。 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）對 本 公 告 之 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，概不就因 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之任何損失承擔任 何責任。 GANGYU SMART URBAN SERVICES HOLDING LIMITED 港譽智慧城市服務控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：265） 本 公 司 董 事 會（分 別 為「董 事」及「董事會」）謹 此 知 會 本 公 司 股 東（「股 東」）及 潛 在 投 資 者，根 據 本 集 團 截 至 二 零 二 五 年 六 月 三 十 日 止 六 個 月 期 間 的 未 經 審 核 綜 合 管 理 賬 目（分 別 為「本期間」及「未經審核綜合管理賬目」）及 董 事 會 目 前 可 得 有 關 本 期 間 的 資 料 作 出 的 初 步 評 估，與 截 至 二 零 二 四 年 六 月 三 十 日 止 六 個 月 期 間 本 公司擁有人應佔溢利約24.0百 萬 港 元 的 相 比，預 計 本 集 團 的 相 ...

ST景谷最新一期业绩显示，截至2025一季报，公司营业总收入6259.63万元、同比减少40.24%，归属净 利润1624.39万元，同比减少175.47%，扣非净利润1642.41万元，同比减少174.99%，流动比率1.429、速 动比率0.651、资产负债率75.44%。 天眼查商业履历信息显示，云南景谷林业股份有限公司，成立于1999年，位于普洱市，是一家以从事木 材加工和木、竹、藤、棕、草制品业为主的企业。企业注册资本12980万人民币，实缴资本12980万人民 币。公司法定代表人为吴昱。 金融界消息 截至2025年8月11日收盘，ST景谷（600265）报收于17.96元，下跌4.87%，换手率1.21%， 成交量1.56万手，成交金额2855.29万元。 资金流向方面，今日主力资金净流出1180.19万元，占比成交额41.33%。其中，超大单净流出1216.68万 元、占成交额42.61%，大单净流入36.49万元、占成交额1.28%，中单净流出流入782.58万元、占成交额 27.41%，小单净流入397.61万元、占成交额13.93%。 通过天眼查大数据分析，云南景谷林业股份有限公司共对外投 ...

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 公司名稱: 港譽智慧城市服務控股有限公司 呈交日期: 2025年8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) | 00265 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 400,000,000 | HKD | | 0.25 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 400,000,000 | HKD | | 0.25 | HKD | | 100,000,000 | 本月底法定/註冊股本總額： HKD 1 ...

Core Viewpoint - The company ST Jinggu (600265) is facing legal disputes related to its subsidiary Huiyin Wood Industry, with significant borrowings occurring around the time of the company's restructuring and performance commitments [1][4][10]. Group 1: Legal Disputes and Borrowings - The total amount involved in the lawsuits against Huiyin Wood Industry is approximately 40.7 million yuan, including principal and interest [1]. - The plaintiffs, Wang Sanquan, Wang Dongxian, and Wang Xinwang, provided loans to Huiyin Wood Industry totaling 37.2 million yuan, 1.5 million yuan, and 2 million yuan respectively, with interest rates of 13.8% and 12% [2][3]. - The lawsuits coincide with the performance commitment period of the restructuring, indicating potential financial distress [1][4]. Group 2: Financial Performance and Restructuring - Huiyin Wood Industry reported revenues of 3.89 billion yuan in 2024, while ST Jinggu's revenue was 4.47 billion yuan, making Huiyin a key revenue source for the parent company [5]. - The acquisition of Huiyin Wood Industry by ST Jinggu for 270 million yuan aimed to enhance the company's competitiveness in the engineered wood products sector [5]. - The company had committed to achieving net profits of 43.53 million yuan, 57.67 million yuan, and 64.04 million yuan for 2023 to 2025, totaling 165 million yuan [6]. Group 3: Financial Challenges and Impairments - In 2024, Huiyin Wood Industry reported a significant loss of 32.46 million yuan, with a performance realization rate of -156.28%, attributed to oversupply in the particleboard industry and declining demand [6][7]. - ST Jinggu had to recognize goodwill impairment of 83.32 million yuan due to Huiyin's poor performance, contributing to a total loss of 72.87 million yuan for the year [7]. - The company is entitled to a performance compensation of 142 million yuan from the original shareholders due to the shortfall in performance commitments [8]. Group 4: Borrowing and Financial Management - ST Jinggu provided 183.9 million yuan in loans to Huiyin Wood Industry to facilitate its acquisition and debt repayment [10]. - Despite receiving substantial financial support from ST Jinggu, Huiyin Wood Industry continued to seek additional loans from private individuals, raising questions about its financial management [11]. - Huiyin's average interest-bearing debt was 218 million yuan in 2022, with interest expenses decreasing from 17.42 million yuan to 12.18 million yuan in 2023 [12][13].

智通财经APP讯，港誉智慧城市服务(00265)发布公告，于2025年4月30日，本公司与东胜房地产订立抵 销协议，本公司已有条件同意以接纳东胜房地产向本公司或指定实体转让该等物业的方式，抵销部分未 结应收款。 由于东胜房地产未能及时结算未结应收款、经本集团多次要求付款，并探讨不同措施以收回未结应收款 后，本公司与东胜房地产同意订立抵销安排。未结应收款来自本集团过往向东胜房地产及/或其关连公 司提供的物业管理;及推广、活动策划及咨询服务。本公司已採取多项措施，以追讨未结应收款，包括 定期以口头及电子方式要求付款，以及组织实体会议。经不断努力，本公司与东胜房地产最终同意将该 等物业转让予本公司或指定实体，作为未结应收款的部分结算。本集团正探讨其余方案，以收回未结应 收款的余额。 除抵销安排外，东胜房地产自2025年1月1日起已以现金结算合共约人民币87万元(相当于约92万港元)。 于紧随完成日期后，未结应收款将减少至约人民币4271万元(相当于约4527万港元)。 本公司已考虑与抵销安排有关的风险。根据抵销协议的条款，倘任何先决条件未能于最后截止日期当日 或之前达成，则本公司有权撤销抵销协议。 董事认为，通过订 ...

Financial Performance - The group recorded revenue of approximately HKD 345.9 million for the fiscal year ending December 31, 2024, an increase of about 1.0% compared to HKD 342.4 million in the previous year[11]. - The group achieved a profit of approximately HKD 48.9 million for the fiscal year, representing an increase of approximately 28.7% from HKD 38.0 million in the previous year[12]. - The company recorded revenue from property management services of approximately HKD 210.3 million in the current year, representing a growth of about 13.2% compared to HKD 185.7 million in the previous year[19]. - The environmental hygiene business recorded revenue of approximately HKD 129.6 million, a decrease from HKD 147.4 million in the previous year, primarily due to a reduction in non-tender contracts[22]. - The comprehensive development business saw a revenue decline to approximately HKD 5.9 million, down about 28.9% from HKD 8.3 million in the previous year[41]. - The gross profit for the year was approximately HKD 97.3 million, an improvement from HKD 85.2 million in the previous year, with a gross margin increase to about 28.1%[47]. - The net profit for the year was approximately HKD 48.9 million, up from HKD 38.0 million in the previous year, primarily due to improved gross profit and effective cost control measures[49]. - The environmental hygiene business's gross profit increased to approximately HKD 32.4 million, with a gross margin improvement to about 25.0%[47]. - The comprehensive development business's gross profit decreased to approximately HKD 5.0 million, but the gross margin improved to about 85.0%[48]. Property Management and Expansion - The total managed building area by the property management group was approximately 8.5 million square meters as of December 31, 2024, a decrease from approximately 11.8 million square meters in the previous year[15]. - The group successfully expanded its property management portfolio, resulting in increased revenue from newly acquired projects during the fiscal year[15]. - The group plans to pursue a robust expansion strategy, considering both acquisition and organic growth opportunities despite challenges from the economic slowdown in China[11]. - The company has entered into an agreement to acquire 47 commercial units in the Zijing Yuhua Center, with a total estimated construction area of approximately 2,563 square meters, expected to be delivered by December 31, 2024[16]. - The planned completion date for the acquisition of the commercial units has been delayed due to the impact of the COVID-19 pandemic and environmental policies in China[16]. - The company is expected to receive a full refund of approximately RMB 22.9 million (equivalent to about HKD 24.3 million) from Dongsheng Real Estate following the termination of the acquisition agreement[16]. Challenges and Strategies - The company faced challenges in collecting service fees due to the ongoing economic situation in China, impacting cash flow[23]. - The company has improved its ability to meet strict service standards set by the Chinese government, which has reduced penalties and partially offset the decrease in contract revenue[22]. - The group aims to enhance operational efficiency and optimize workflows to reduce administrative and operational costs in the coming years[24]. - The company plans to enhance its environmental hygiene services by incorporating advanced cleaning technologies and sustainable practices to meet customer needs[20]. - The group anticipates a recovery in outbound tourism services as China resumes international travel, prompting a reassessment of the surrounding business environment[32]. Corporate Governance and Management - The company operates as an investment holding company with subsidiaries engaged in property management and leasing services, environmental hygiene, integrated development, and diversified tourism products and services[94]. - The company has established procurement procedures to manage its supply chain responsibly, ensuring fair competition in the market[100]. - The company emphasizes the importance of maintaining positive relationships with employees, viewing them as valuable assets for long-term success[99]. - The company has appointed new executive directors, including Mr. Xue Fei and Ms. Hao Ying, effective June 28, 2024[136]. - The company has arranged appropriate directors' liability insurance for its board members during the year[139]. - The independent non-executive directors have confirmed their independence as per the listing rules, and the company still considers them independent as of the report date[140]. - The company has established a robust corporate governance framework and regularly reviews its governance practices to ensure compliance with regulations[178]. Shareholder and Equity Information - The company proposed a share consolidation on October 31, 2024, merging every 50 existing shares into one new share with a par value of HKD 0.25[57]. - Following the share consolidation approved on December 2, 2024, the company's issued share capital became HKD 100 million, divided into 400 million consolidated shares[58]. - Major shareholder Dongsheng Holdings owns approximately 62.09% of the company's shares, totaling 160,465,320 shares[151]. - The total equity held by Dongsheng Holdings includes 157,889,897 shares and convertible securities convertible into 2,575,423 shares as of December 31, 2024[153]. - The total distributable reserves available to equity shareholders as of December 31, 2024, is approximately HKD 109,471,000, down from HKD 183,876,000 in 2023[127]. Employee and Operational Information - The total number of employees as of December 31, 2024, was approximately 2,100, down from about 2,200 in 2023, with employee costs around HKD 98.8 million[72]. - The group provides employee medical insurance and mandatory provident fund plans as part of employee benefits[143]. - The group has no further liability for employee retirement benefits beyond monthly contributions to the retirement plans[144]. - The company encourages senior management to participate in external seminars and internal training to improve their professional knowledge[187]. Risk Management and Compliance - The company aims to maintain a robust and effective risk management and internal control system to safeguard assets and ensure reliable financial reporting[192]. - The audit committee meets at least twice a year to review internal audit findings and report to the board regarding risk management and internal control effectiveness[193]. - The group has established effective risk management and internal control systems to safeguard its assets, with no significant internal control deficiencies identified[194]. - The auditor's fees for statutory audit services amounted to approximately HKD 1.7 million, with an additional HKD 0.03 million for non-audit services[197].

Financial Performance - The group recorded revenue of approximately HKD 345.9 million for the year ended December 31, 2024, representing an increase of about 1.0% compared to HKD 342.4 million in 2023[2]. - Profit attributable to equity holders of the company was approximately HKD 49.1 million, an increase of about 46.6% from HKD 33.5 million in 2023[2]. - Basic and diluted earnings per share were approximately HKD 0.1166, compared to HKD 0.0824 in 2023 (restated)[5]. - Total comprehensive income for the year was HKD 32.2 million, compared to HKD 19.4 million in 2023[6]. - The adjusted profit before tax for the company increased to HKD 53,046,000 in 2024 from HKD 41,723,000 in 2023, marking a growth of around 27%[30]. - The company's profit before tax for 2024 was HKD 49,114,000, compared to HKD 33,499,000 in 2023, representing a year-over-year increase of 46.7%[40]. - The annual profit for the year was approximately HKD 48.9 million, an increase from HKD 38.0 million in 2023, primarily due to a gross profit improvement of about HKD 12.1 million and compensation received of approximately RMB 4.6 million (around HKD 5.0 million) for the termination of a property acquisition[86]. Revenue Segments - The property management segment's revenue increased due to the full-year contribution from several projects acquired in 2023, while the environmental hygiene segment's revenue decreased due to a reduction in non-tender contracts[2]. - Property management services generated revenue of HKD 181,650,000 in 2024, up from HKD 158,461,000 in 2023, indicating a growth of about 14.6%[25]. - Environmental hygiene services revenue decreased to HKD 129,643,000 in 2024 from HKD 147,357,000 in 2023, reflecting a decline of approximately 12%[25]. - Revenue from property management services provided to Dongsheng Real Estate and its subsidiaries contributed approximately HKD 39.3 million in the current year, compared to approximately HKD 48.0 million in 2023[60]. - The group recorded revenue from environmental hygiene services of approximately HKD 129.6 million in the current year, down from HKD 147.4 million in 2023[65]. - Revenue from tourism-related activities was approximately HKD 5.9 million, a decrease of about 28.9% from HKD 8.3 million in the previous year[78]. Assets and Liabilities - Non-current assets decreased from HKD 290.2 million in 2023 to HKD 243.6 million in 2024, primarily due to changes in property, plant, and equipment[7]. - Current assets decreased from HKD 524.6 million in 2023 to HKD 387.0 million in 2024, with cash and cash equivalents dropping significantly from HKD 201.4 million to HKD 86.4 million[7]. - Total assets decreased to HKD 630,643,000 in 2024 from HKD 814,736,000 in 2023, a decline of approximately 22.5%[30]. - The total liabilities increased slightly to HKD 197,092,000 in 2024 from HKD 192,600,000 in 2023, representing an increase of about 2.6%[30]. - The net asset value decreased from HKD 622.1 million in 2023 to HKD 433.6 million in 2024, reflecting a significant reduction in total equity attributable to equity holders[8]. - Trade receivables increased significantly to approximately HKD 158.5 million as of December 31, 2024, from HKD 90.4 million in 2023, mainly due to delayed payments from clients in the environmental hygiene and property management sectors[89]. Dividends and Shareholder Returns - The group did not recommend the payment of a final dividend for the year, consistent with the previous year[2]. - The company did not declare a final dividend for the year, consistent with the previous year[112]. Corporate Governance and Compliance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with applicable regulations[11]. - The company has complied with all applicable corporate governance codes, except for the separation of roles between the Chairman and CEO[114]. - The company has adopted the standard code of conduct for securities trading as per the listing rules, confirming compliance by all directors throughout the year[116]. - The audit committee, consisting of three independent non-executive directors, reviewed the group's financial reporting procedures and internal controls for the year[120]. Strategic Initiatives and Future Outlook - The group emphasized a strategy of "holding profits and ensuring stability" through prudent investment and development strategies[50]. - The group plans to pursue stable expansion strategies, considering acquisition or organic growth opportunities despite challenges from the business environment[51]. - The environmental hygiene business is undergoing a transformation driven by government policies aimed at promoting green and smart development, with investments in advanced cleaning technologies[62]. - The group aims to enhance operational efficiency and reduce administrative and operational costs in future years[66]. - The group is actively seeking acquisition opportunities, particularly in property management, tourism, and environmental services, to enhance its rental portfolio and expand stable income sources[75]. Employee and Operational Metrics - The total employee costs, including directors' remuneration, amounted to HKD 98,770,000 in 2024, slightly down from HKD 98,973,000 in 2023[37]. - The total number of employees as of December 31, 2024, is approximately 2,100, with employee costs around HKD 98.8 million[109].

Service Quality and Management - The group reported a significant focus on enhancing service quality and property management, aiming to create greater value for shareholders and stakeholders [6]. - The property management business has received multiple awards, including recognition as a leading brand in property services in Hebei Province for 2023 [8]. - The company emphasizes a "sustainable profitability" strategy, maintaining a cautious investment and development approach to ensure ongoing profitability [6]. - The group is actively involved in residential and commercial property management, environmental sanitation, and diversified tourism products and services [6]. - The company holds ISO certifications for quality management, environmental management, and occupational health and safety, reflecting its commitment to service excellence [8]. - The group aims to improve service quality and diversity in property management services, aligning with national planning directives [7]. - The company aims to improve service quality and customer satisfaction through enhanced staff training and performance evaluation systems [9]. Financial Performance - Revenue from property management services, including property management and rental income, was approximately HKD 98.6 million, representing a growth of 16.1% compared to HKD 84.9 million in the corresponding period [9]. - The group recorded total revenue of approximately HKD 167.7 million for the period, a decrease of about 1.2% compared to the previous period's revenue of approximately HKD 169.7 million [17]. - The company reported a revenue of HKD 167,741,000 for the six months ended June 30, 2024, a decrease of 1% from HKD 169,698,000 in the same period of 2023 [45]. - Gross profit for the same period was HKD 47,186,000, slightly down from HKD 47,239,000, indicating a stable gross margin [45]. - The company achieved a net profit of HKD 23,832,000, an increase of 15% compared to HKD 20,636,000 in the previous year [45]. - The group recorded a profit of approximately HKD 23.8 million, an increase from HKD 20.6 million in the previous period, aided by reduced provisions for trade receivables [20]. Challenges and Strategic Focus - The company is facing challenges in collecting service fees due to the ongoing economic situation in China, which has affected cash flow and operational efficiency [11]. - The company is adopting a cautious approach towards further investment in expanding its environmental sanitation services until economic conditions improve [11]. - The group is currently evaluating the feasibility of restarting the development project in Zhangjiakou, which has been paused due to economic uncertainties caused by the COVID-19 pandemic [22]. - The group is actively exploring alternative exit strategies to mitigate potential challenges related to the paused development project [22]. Revenue Breakdown - Revenue from property management and leasing services was HKD 98.6 million, accounting for 58.8% of total revenue, compared to HKD 84.9 million (50.0%) in the previous period [17]. - Environmental hygiene services generated revenue of HKD 65.2 million, representing 38.9% of total revenue, down from HKD 80.1 million (47.2%) in the previous period [17]. - Revenue from tourism-related services was approximately HKD 3.9 million, which is a decrease from HKD 4.8 million in the corresponding period [17]. - The company's revenue from property management services increased by 18.4% from HKD 72,007,000 in 2023 to HKD 85,260,000 in 2024 [56]. - Environmental hygiene services revenue decreased by 18.5% from HKD 80,068,000 in 2023 to HKD 65,249,000 in 2024, indicating potential challenges in this segment [56]. Investments and Acquisitions - The group plans to expand its business through organic growth, strategic acquisitions, and partnerships, particularly in property management, tourism, and environmental hygiene services [16]. - The group is actively seeking acquisition opportunities and exploring potential collaborations with target customers to enhance its investment portfolio [16]. - The company has made no disclosures regarding any rights granted to directors for purchasing shares or bonds during the period [38]. Employee and Operational Metrics - The total number of employees as of June 30, 2024, was approximately 2,100, down from 2,200 on June 30, 2023, with employee costs around HKD 48.4 million compared to HKD 50.2 million in the prior period [31]. - The company plans to enhance operational efficiency by optimizing workflows and reducing administrative and operational costs in the coming years [11]. Compliance and Governance - The company has maintained compliance with corporate governance codes throughout the reporting period, except for a deviation regarding the separation of roles of the chairman and CEO [41]. - The audit committee reviewed the interim results, ensuring adherence to applicable accounting standards and sufficient disclosure [42]. Shareholder Information - Major shareholder Dongsheng Property Group holds 10,085,983,816 shares, accounting for 78.05% of the company [39]. - The company did not recommend any interim dividend for the period, consistent with the previous year [80].