Financial Performance - For the six months ended June 30, 2025, the company reported a revenue of HKD 57,377,000, a decrease of 87.4% compared to HKD 455,016,000 for the same period in 2024[4] - The gross loss for the period was HKD 7,169,000, compared to a gross loss of HKD 114,777,000 in the previous year, indicating an improvement[4] - The operating loss for the six months was HKD 103,784,000, significantly reduced from HKD 1,486,516,000 in the same period last year[4] - The net loss for the period was HKD 241,770,000, compared to a net loss of HKD 1,569,918,000 in the previous year, showing a substantial decrease in losses[4] - The company reported a total comprehensive loss of HKD 240,173,000 for the period, compared to HKD 1,573,250,000 in the previous year[5] - The basic and diluted loss per share for the period was HKD 153.28, a significant improvement from HKD 1,112.29 in the same period last year[5] Assets and Liabilities - The company's total assets less current liabilities showed a negative value of HKD 35,149,000 as of June 30, 2025, compared to a positive value of HKD 221,310,000 at the end of 2024[6] - The company's current liabilities exceeded current assets, resulting in a net current liability of HKD 744,418,000 as of June 30, 2025[6] - The company’s non-current assets decreased from HKD 752,236,000 at the end of 2024 to HKD 709,269,000 as of June 30, 2025[6] - The company’s total liabilities amounted to HKD 7,306,536,000 as of June 30, 2025, compared to HKD 7,025,531,000 at the end of 2024[6] - The group reported a total of 2,750,607,000 HKD in total liabilities as of June 30, 2025, compared to 2,629,010,000 HKD at the end of 2024[32] Cash Flow and Liquidity - Cash and cash equivalents were only approximately HKD 13,870,000, raising significant doubts about the group's ability to continue as a going concern[12] - The group has developed cash flow forecasts covering the next twelve months and plans to mitigate liquidity pressures and improve financial conditions[12] - The group is actively negotiating with lenders regarding potential settlement arrangements or deferral of repayment dates[14] - The group plans to accelerate the pre-sale of major property development projects during the cash flow forecast period[14] - The group has taken measures to manage the current operating environment, including cost control to minimize cash outflows[14] Revenue and Segment Performance - Revenue for the property development and investment segment was HKD 57,377,000, with a segment loss of HKD 72,575,000 for the six months ended June 30, 2025[22] - The group experienced a significant loss in the previous year, with total revenue of HKD 455,016,000 and a loss before tax of HKD 1,601,762,000 for the six months ended June 30, 2024[23] Investment Properties - The group has not sold any investment properties during the reporting period, while it recorded a loss of 56,413,000 HKD in fair value for investment properties[27] - The group incurred expenses of approximately 8,077,000 HKD for investment properties, with a fair value loss of about 56,413,000 HKD, compared to a fair value loss of 196,779,000 HKD in the previous year[27] Economic Context - In the first half of 2025, the GDP of China grew by 5.4% year-on-year, indicating resilience and vitality in economic recovery[35] - The overall property development performance in the first half of 2025 was significantly below the same period last year, with ongoing downward pressure and a strong market wait-and-see sentiment[38] Corporate Governance - The board has confirmed compliance with the standards of the code of conduct for securities trading throughout the period[57] - The audit committee has reviewed and approved the unaudited condensed consolidated financial statements for the six months ended June 30, 2025[63] - The group has established an audit committee to oversee financial reporting processes and risk management systems[62] - The board is committed to maintaining high standards of corporate governance and has adhered to applicable codes throughout the period[58] Employee and Operational Changes - The group has 53 full-time employees as of June 30, 2025, an increase from 46 employees as of December 31, 2024[52] - The company is focusing on "ensuring project delivery" as a core operational strategy, with significant efforts to enhance project management and execution capabilities[39] - The company has completed the construction of several residential and commercial projects, with plans for openings in September 2025[39] Future Outlook - The company aims to maintain a cautious yet proactive approach in 2025, assessing various factors affecting the future and preparing for challenges[41] - The company is actively communicating with lenders and creditors to achieve a sustainable capital structure and effectively address liquidity issues[40] - The real estate market is expected to see a narrowing decline in sales area in 2025, supported by government policies aimed at stabilizing the market and promoting demand[40]

Core Viewpoint - The company, Baoxin Land (00299.HK), is expected to report a net loss of no more than HKD 245 million for the six months ending June 30, 2025, compared to a net loss of approximately HKD 1.57 billion in the same period of 2024, primarily due to the prolonged downturn in the Chinese real estate market [1] Summary by Relevant Categories Financial Performance - The anticipated net loss for the upcoming period is significantly lower than the previous year's loss, indicating a potential improvement in financial performance despite ongoing challenges in the market [1] - The company recorded a net loss of about HKD 1.57 billion in 2024, highlighting the severity of the financial impact from the market conditions [1] Market Conditions - The expected net loss is attributed to the long-term slump in the Chinese real estate market, which has led to a substantial decline in revenue [1] - The decline in fair value of investment properties is also a contributing factor to the anticipated losses [1] Impairment Losses - The company is facing impairment losses related to prepayments for a land redevelopment project and other deposits, which further exacerbates the financial challenges [1]

Group 1 - The company, Baoxin Land (00299), expects a net loss of no more than HKD 245 million for the six months ending June 30, 2025, compared to a net loss of approximately HKD 1.57 billion for the same period ending June 30, 2024 [1] - The anticipated net loss is primarily attributed to the prolonged downturn in the Chinese real estate market, resulting in a significant decline in revenue [1] - Additional factors contributing to the expected net loss include a decrease in the fair value of investment properties and impairment losses related to advance payments and deposits for a land redevelopment project during the period [1]

Core Viewpoint - The company, Baoxin Land (00299), anticipates a net loss of no more than HKD 245 million for the six months ending June 30, 2025, compared to a net loss of approximately HKD 1.57 billion for the same period ending June 30, 2024 [1] Group 1 - The expected net loss is primarily due to the prolonged downturn in the Chinese real estate market, leading to a significant decline in revenue [1] - The fair value of investment properties has decreased, contributing to the anticipated losses [1] - There are impairment losses related to prepayments and other deposits for a land redevelopment project during this period [1]

Core Viewpoint - Baoxin Land (00299.HK) is expected to report a net loss of no more than HKD 245 million for the six months ending June 30, 2025, compared to a net loss of approximately HKD 1.57 billion for the same period ending June 30, 2024 [1] Summary by Relevant Categories Financial Performance - The anticipated net loss for the upcoming period is significantly lower than the previous year's loss, indicating a potential improvement in financial performance [1] - The company recorded a net loss of approximately HKD 1.57 billion for the six months ending June 30, 2024 [1] Market Conditions - The expected net loss is primarily attributed to the prolonged downturn in the Chinese real estate market, which has led to a substantial decline in revenue [1] - The fair value of investment properties has decreased, contributing to the financial challenges faced by the company [1] Specific Loss Factors - The anticipated loss includes impairment losses related to prepayments and deposits for a land redevelopment project during the period [1]

董事會謹此知會股東及潛在投資者，根據對董事會目前可得資料（包括本集團於本期 間的未經審核綜合管理賬目）的初步審閱及評估，本集團預計本期間將錄得淨虧損不 多於245百萬港元。 股東及潛在投資者務請細閱預期將於二零二五年八月二十九日刊發之本公司二零二五 年中期業績公告所披露的財務資料詳情。 股東及潛在投資者於買賣本公司證券時務請審慎行事。 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。 盈利警告 本公告乃本公司根據上市規則第13.09(2)(a)條及證券及期貨條例第XIVA部內幕消息條 文（定義見上市規則）而刊發。 由於本公司仍正在編製本集團於本期間的未經審核綜合財務業績（「二零二五年中期業 績」），本公告所載資料僅基於董事會經參考本集團於本期間的內部未經審核綜合管理賬 目及董事會目前可得資料所作出的初步評估，而該等資料並未經本公司核數師審核或審 閱，且或會適時予以調整。股東及潛在投資者務請細閱預期將於二零二五年八月二十九 日刊發之本公司二零二五年中期業 ...

格隆汇8月18日丨宝新置地(00299.HK)公布，公司将于2025年8月29日召开董事会会议，以（其中包括） 审议及通过集团截至2025年6月30日止六个月的中期业绩及其发布，以及审议派发中期股息的建议（如 有）。 ...

董事會會議召開日期 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，概不就因本公告全部或任何部分內容 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。 承董事會命 寶新置地集團有限公司 執行董事兼公司秘書 房正剛 香港，二零二五年八月十八日 於本公告日期，董事會包括兩名執行董事John Edward Hunt先生及房正剛先生；一名非執 行董事湛玉珊女士；及三名獨立非執行董事談昕嫣女士、施法振先生及黃樹波先生。 寶新置地集團有限公司（「本公司」）之董事會（「董事會」）謹此宣佈，本公司將於二零二五 年八月二十九日（星期五）舉行董事會會議，藉以（其中包括）批准公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中期業績，以及考慮派發中期股息（如有）。 ...

FF301 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 致：香港交易及結算所有限公司 公司名稱: 寶新置地集團有限公司 (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) | 00299 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 8,000,000,000 | HKD | | 0.05 HKD | | 400,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 8,000,000,000 | HKD | | 0.05 HKD | | 400,000,000 | 本月底 ...

Financial Performance - The company reported a consolidated revenue of HKD 1.2 billion for the year ended December 31, representing a 15% increase compared to the previous year[19]. - The net profit for the year was HKD 300 million, reflecting a growth of 20% year-on-year[19]. - For the year ended 31 December 2024, the revenue decreased to HK$385,847,000, down 68.0% from HK$1,203,026,000 in 2023[20]. - The Group recorded revenue of approximately HK$385.8 million, a decrease of approximately 67.9% from HK$1,203.0 million in the prior year[70]. - Revenue from property sales was approximately HK$55.8 million, down approximately 93.2% year-on-year, primarily due to the ongoing recession in the PRC property market[71]. - The Group recorded a net loss of approximately HK$2,288.5 million for the Year, compared to a net loss of approximately HK$827.8 million for the Prior Year, reflecting a significant deterioration in financial performance[85]. Market and User Growth - User data indicated an increase in active users by 25%, reaching a total of 500,000 users[19]. - The company has projected a revenue growth of 10% for the upcoming fiscal year, targeting HKD 1.32 billion[19]. - The average sales in 30 major cities in China increased by approximately 34% after the introduction of supportive policies, with first-tier cities growing by about 53%[31]. - The real estate market in China is expected to see positive sales growth in 2025 after a 50% decline from its peak in 2021[31]. - The real estate market in Mainland China is showing signs of gradual recovery, supported by policy measures and recovering rigid demand[38]. Strategic Initiatives - New product launches are expected to contribute an additional HKD 150 million in revenue over the next year[19]. - The company is expanding its market presence in Southeast Asia, with plans to open three new offices by the end of 2025[19]. - A strategic acquisition of a local competitor is anticipated to enhance market share by 5%[19]. - The Group's strategy focuses on "guaranteeing funds, delivery, and operation" to ensure steady progress and sustainable development amid market challenges[38]. Financial Management and Challenges - The company is prioritizing solving its debt problem and is actively communicating with banks and creditors to reduce financial risks[33]. - Financial pressure remains a significant challenge for the company, necessitating prudent capital management and careful budgeting[32]. - The Group aims to maintain a healthy debt structure and capital status to ensure operational stability and safety[66]. - The Group is implementing cost-saving measures and liquidity control to address financial challenges, including seeking financing extensions and streamlining operations[63]. Asset and Liability Management - Total assets decreased to HK$7,246,841,000 in 2024 from HK$11,147,598,000 in 2023, representing a decline of 34.0%[22]. - Total liabilities decreased to HK$7,342,605,000 in 2024 from HK$8,922,013,000 in 2023, a reduction of 17.7%[22]. - The equity attributable to owners of the company turned negative at HK$305,147,000 in 2024, down from HK$1,189,207,000 in 2023[22]. - The Group's total borrowings amounted to approximately HK$3,665.8 million as of 31 December 2024, down from approximately HK$4,670.3 million as of 31 December 2023[88]. Operational Efficiency - The company aims to improve operational efficiency, targeting a reduction in costs by 8% over the next year[19]. - The Group has implemented effective measures to ensure timely delivery of projects, maintaining customer trust and reputation[37]. - The Group's measures aim to reduce reliance on a single asset or project, thereby enhancing overall financial stability[126]. Legal and Compliance Issues - The auditor issued a Disclaimer of Opinion due to multiple uncertainties relating to going concern and scope limitations on impairment assessments[96]. - As of December 31, 2024, four lenders initiated legal proceedings against Jitong Industrial and Hunan Meilian for defaulted borrowings totaling approximately RMB388 million (equivalent to approximately HK$417 million)[105]. - The Group is actively negotiating with lenders for alternative settlement arrangements for remaining defaulted borrowings, which may include using assets for settlement or extending repayment dates[111]. Management and Governance - The board of directors includes a diverse range of professionals with expertise in finance, law, and community service, enhancing the company's governance[165]. - The company emphasizes the importance of maintaining key client relationships and fostering long-term collaborations with external partners[160]. - The Group's management will continue to communicate closely with lenders to explore alternative settlement options[104]. Environmental and Social Responsibility - The Group is committed to improving environmental sustainability and will monitor its performance closely, as detailed in the upcoming ESG report[185]. - The Group has complied with all relevant PRC laws and regulations governing property development and management, with no non-compliance incidents reported for the year[186].