Core Viewpoint - Muyuan Foods (牧原股份) announced a cash dividend plan for the first half of 2025, distributing 9.275214 RMB per 10 shares, totaling 5 billion RMB, alongside a sales report indicating a decline in sales revenue and price for September 2025 [1][3]. Financial Performance - In the first half of 2025, the company achieved a revenue of 76.46 billion RMB, a year-on-year increase of 34.46%, and a net profit attributable to shareholders of 10.53 billion RMB, a staggering increase of 1169.77% [3][4]. - The net profit excluding non-recurring gains was 10.68 billion RMB, reflecting an increase of 1115.32% compared to the previous year [4]. Sales and Pricing - In September 2025, the company sold 5.573 million pigs, a year-on-year increase of 11.05%, with a sales revenue of 9.066 billion RMB, down 22.46% year-on-year [1][2]. - The average selling price of pigs in September was 12.88 RMB per kilogram, a decrease of 30.94% compared to the previous year [1][2]. Market Outlook - The company has adjusted its forecast for piglet output in 2025 from a range of 8 million to 12 million to a new range of 12 million to 14.5 million, indicating a strong demand in the market [2]. Stock Information - As of October 9, 2025, Muyuan Foods' stock price was 52.85 RMB, with a total market capitalization of 288.7 billion RMB [4][5].

Core Viewpoint - Muyuan Foods announced a cash dividend plan and reported a decline in sales revenue for September 2025, despite an increase in the number of pigs sold compared to the previous year [1][2]. Financial Performance - For the first half of 2025, the company achieved a revenue of 764.63 billion yuan, representing a year-on-year increase of 34.46% [3][4]. - The net profit attributable to shareholders reached 105.30 billion yuan, a staggering increase of 1169.77% year-on-year [3][4]. - The basic earnings per share were reported at 1.96 yuan, up 1206.67% compared to the same period last year [4]. Sales and Pricing - In September 2025, the company sold 5.573 million pigs, an increase of 11.05% year-on-year, but the average selling price dropped to 12.88 yuan per kilogram, a decrease of 30.94% [1][2]. - The total sales revenue from pigs in September was 9.066 billion yuan, down 22.46% year-on-year [1][2]. - For the first nine months of 2025, the company sold 11.571 million piglets, with an adjusted forecast for piglet output now estimated between 12 million and 14.5 million [2]. Dividend Announcement - The company announced a cash dividend of 9.275214 yuan per 10 shares, totaling 5.002 billion yuan, with the record date set for October 15, 2025 [1].

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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 亞證地產有限公司(「本公司」) 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 不適用 備註： 本公司並無法定股本及其股本中並無股份面值。 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) | 00271 | 說明 | | | | | | | | | | 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 | | | | 1,240,668,945 | | 0 | | 1,240,668,945 | | 增加 / 減少 (-) | | | | | | | | | | 本月底 ...

(Incorporated in Hong Kong with limited liability) （於香港註冊成立之有限公司） (Stock Code: 271) （股份代號：271） NOTIFICATION LETTER 通知信函 18th September, 2025 亞 證 地 產 有 限 公 司（「本 公 司」） – 二 零 二 五 年 中 期 業 績 報 告（「是 次 公 司 通 訊」）之 發 佈 通 知 是次公司通訊之中、英文版本已上載於本公司網站(http://www.asiasec.com.hk)及香港交易所披露易網站(http://www.hkexnews.hk)， 歡迎查閱。 Dear Non-registered Shareholder(s) (Note), Asiasec Properties Limited (the "Company") – Notice of Publication of 2025 Interim Report (the "Current Corporate Communication") The English and Chinese versions ...

(Incorporated in Hong Kong with limited liability) （於香港註冊成立之有限公司） (Stock Code: 271) （股份代號：271） Asiasec Properties Limited (the "Company") – Notice of Publication of 2025 Interim Report (the "Current Corporate Communication") The English and Chinese versions of the Current Corporate Communication are available on the Company's website at http://www.asiasec.com.hk and the HKEXnews' website at http://www.hkexnews.hk. If you have elected to receive corporate communication(s)# in printed form, the printed form ( ...

（於香港註冊成立之有限公司） （股份代號：271） 各位登記股東： 亞 證 地 產 有 限 公 司（「本 公 司」） 致新登記股東之函件 －選擇公司通訊之收取方式及語言版本 根 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則 及 本 公 司 的 組 織 章 程 細 則， 閣 下 可 選 擇 以 下 收 取 公 司 通 訊（「 公 司 通 訊 」）之 方 式：(i)電 子 版 本（ 於 本 公 司 網 站 http://www.asiasec.com.hk登 載 並 將 繼 續 以 英 文 及 中 文 刊 發）或 印 刷 本；及(ii)如 閣下選擇收取 公司通訊之印刷本，選擇收取英文本、中文本或兩種文本。公司通訊指本公司刊發或將予刊 發以供其任何證券持有人參照或採取行動之任何文件，包括但不限於：(a)董事會報告、年 度 財 務 報 表 連 同 核 數 師 報 告 以 及（如 適 用）財 務 摘 要 報 告；(b)中 期 報 告 及（如 適 用）中 期 摘 要 報告；(c)會議通告；(d)上市文件；(e)通函；及(f)代表委任表格及確認回條。本公司作出此安 排乃為保護環境，因此，本公司建議 ...

Financial Performance - Revenue for the six months ended June 30, 2025, was HK$23,370,000, a decrease of 3.5% compared to HK$24,213,000 for the same period in 2024[11]. - Other income decreased significantly to HK$2,612,000, down 59.8% from HK$6,503,000 in the previous year[11]. - The operating loss before changes in fair value of investment properties was HK$6,012,000, compared to a loss of HK$2,570,000 in the same period last year[11]. - Loss for the period was HK$63,263,000, compared to HK$17,037,000 in the previous year, indicating a significant decline in performance[11]. - Basic loss per share for the period was HK$5.10, compared to HK$1.37 in the same period last year[11]. - Total comprehensive expense for the period was HK$65,993,000, up from HK$19,797,000 in 2024[14]. - The company reported a net cash used in operating activities of HK$936,000 for the six months ended June 30, 2025, compared to a net cash inflow of HK$2,584,000 for the same period in 2024[25]. - The company incurred a loss for the period amounting to HK$63,263,000 for the six months ended June 30, 2025, compared to a loss of HK$17,037,000 for the same period in 2024[23]. - The loss for the six months ended June 30, 2025, was HK$63,263,000, compared to a loss of HK$17,037,000 in 2024[177]. - The loss from changes in the fair value of investment properties was HK$60,047,000 for the six months ended June 30, 2025, compared to HK$12,790,000 in 2024[128]. Assets and Liabilities - As of June 30, 2025, total assets less current liabilities amounted to HK$2,165,059,000, a decrease from HK$2,297,944,000 as of December 31, 2024, representing a decline of approximately 5.76%[20]. - The total equity as of June 30, 2025, was HK$1,676,076,000, down from HK$1,742,069,000 at the end of 2024, indicating a decrease of about 3.79%[20]. - Cash and cash equivalents decreased to HK$49,047,000 at the end of June 2025 from HK$68,355,000 at the beginning of the period, reflecting a decline of approximately 28.3%[25]. - Current liabilities exceeded current assets by HK$92,407,000, primarily due to a bank borrowing of HK$180,000,000 due within twelve months[34][37]. - The Group's total liabilities increased from HK$689,023,000 as at 31st December, 2024 to HK$696,740,000 as at 30th June, 2025[187]. - The gearing ratio (net debt over total equity) of the Group was 29% as at 30th June, 2025, compared to 26% as at 31st December, 2024[187]. Investment Properties - Loss from changes in fair value of investment properties amounted to HK$60,047,000, a substantial increase from HK$12,790,000 in 2024[11]. - The fair value of the Group's investment properties as of 30th June, 2025, is HK$2,229,660,000, down from HK$2,266,120,000 as of 31st December, 2024, reflecting a net decrease in fair value recognized in profit or loss of HK$60,047,000[75][76]. - The addition to investment properties was HK$23,587,000 for the six months ended June 30, 2025, significantly higher than HK$3,210,000 for the same period in 2024[25]. - The valuation of the Group's investment properties primarily uses the investment method, categorized as Level 3 in the fair value hierarchy[84]. - Significant unobservable inputs for the investment properties include term yield and reversionary yield, where an increase in these yields would lead to a decrease in fair value[90]. Cash Flow and Financing - The company reported a decrease in finance costs to HK$13,368,000 from HK$17,668,000, reflecting a reduction of 24.9%[11]. - The Group expects to enhance liquidity and operating cash flows in the next twelve months following the completion of renovations and the commencement of rental income from Laneway[35][38]. - The Group has unutilized financing facilities from its intermediate holding company amounting to HK$250,000,000 as of June 30, 2025[35][38]. - The Group's loan receivable, fully impaired, remained at HK$98,140,000 as of June 30, 2025, unchanged from December 31, 2024[104]. - The Group has a loan facility granted but not yet utilized amounting to HK$250,000,000, an increase from HK$200,000,000 as of December 31, 2024[165]. Operational Efficiency and Future Outlook - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[10]. - The refurbishment of the shopping arcade, Laneway, was completed, with leasing works actively in progress, expected to operate in the second half of 2025[182]. - The Group continues to adopt the going concern basis of accounting, expecting adequate resources for operational existence in the foreseeable future[35][38]. Shareholder Returns - The Board has resolved not to declare any interim dividend for the six months ended 30th June, 2025, consistent with the previous year[73]. - The Board decided not to declare an interim dividend for the six months ended June 30, 2025, maintaining a prudent approach to fund management[176].

Group 1 - ST Lingnan (002717) and its former controlling shareholder have been investigated by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws [1] - The CSRC has issued a notice of investigation to ST Lingnan and its current co-chairman and CEO, Yin Hongwei [1] - Yin Hongwei's shares, totaling 20 million shares (1.10% of total shares), were auctioned off by the Dongguan Intermediate People's Court for 33.65 million yuan [4] Group 2 - As of September 4, 2025, Yin Hongwei has had a total of 268 million shares frozen and 1.562 billion shares subject to pending freezing due to multiple lawsuits [4] - ST Lingnan's half-year report for 2025 revealed a significant decline in revenue, with a total revenue of 179 million yuan, down 70.79% year-on-year, and a net loss of 128 million yuan [5] - The company has also been involved in a lawsuit initiated by Agricultural Bank of China, with a total claim amounting to 308 million yuan [5]

Core Viewpoint - ST Lingnan is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which has led to the judicial auction of shares held by its controlling shareholder, Yin Hongwei [2][5]. Group 1: Regulatory and Legal Issues - ST Lingnan and its controlling shareholder, Yin Hongwei, received a notice of investigation from the CSRC due to suspected information disclosure violations [2]. - Yin Hongwei's 20 million shares, accounting for 1.10% of the company's total shares, were auctioned for 33.65 million yuan [2]. - As of September 4, 2025, Yin Hongwei holds 268 million shares, representing 14.71% of the total shares, which will decrease to 12.51% after the auction transfer [2]. Group 2: Financial and Operational Performance - ST Lingnan has reported continuous losses for three consecutive years from 2022 to 2024, totaling over 3.6 billion yuan, with a loss of 128 million yuan in the first half of this year [7]. - The company attributes its financial struggles to a lack of new business, extended project settlement cycles due to financial pressure on clients, and decreased efficiency in accounts receivable turnover [7]. - Although daily operating expenses have decreased, high financial costs due to ongoing financing and overdue debts have exacerbated the company's financial pressure [7]. Group 3: Litigation and Debt Obligations - ST Lingnan and Yin Hongwei are involved in a lawsuit with Agricultural Bank of China, with a total claim amounting to 308 million yuan [5][6]. - A civil judgment mandates ST Lingnan to repay 297 million yuan in principal and 9.4811 million yuan in overdue interest, with a 6.525% annual interest rate applicable from April 29, 2025, until actual repayment [6]. - Yin Hongwei and other defendants are jointly liable for the debts, with the right to seek reimbursement from ST Lingnan within a specified limit [6].

登录新浪财经APP 搜索【信披】查看更多考评等级 格隆汇9月5日丨ST岭南（维权）(002717.SZ)公布，公司及公司原控股股东、公司现任联席董事长兼总 裁、法定代表人尹洪卫先生于近日收到中国证券监督管理委员会下发的《立案告知书》(编号：证监立 案字0062025016号)、(编号：证监立案字0062025017号)。因涉嫌信息披露违法违规，根据《中华人民共 和国证券法》《中华人民共和国行政处罚法》等法律法规，中国证监会决定对公司和尹洪卫先生立案。 ...