Core Viewpoint - ST Kelly (300326.SZ) reported a decline in operating revenue for Q3 2025, while net profit attributable to shareholders increased slightly, indicating mixed financial performance [1] Financial Performance - Operating revenue for Q3 2025 was 242 million yuan, a year-on-year decrease of 11.84% [1] - Net profit attributable to shareholders was 27.44 million yuan, reflecting a year-on-year increase of 6.26% [1] - Net profit attributable to shareholders after deducting non-recurring gains and losses was 18.35 million yuan, showing a year-on-year decline of 4.51% [1]

Core Insights - ST Kelly (300326.SZ) reported a revenue of 788 million yuan for the first three quarters of 2025, representing a year-on-year growth of 5.03% [1] - The net profit attributable to shareholders reached 71.25 million yuan, marking a year-on-year increase of 27.09% [1] - The non-recurring net profit was 52.11 million yuan, showing a year-on-year growth of 18.07% [1] - The basic earnings per share stood at 0.0994 yuan [1]

Core Viewpoint - ST凯利 (300326.SZ) stated that its main products are currently not applicable to the medical beauty sector and will adhere to information disclosure rules if there are any future developments in this area [1] Group 1 - The company confirmed that its current main products do not cater to the medical beauty industry [1] - The company emphasized its commitment to comply with information disclosure obligations in the event of any relevant product developments [1]

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: 中國星集團有限公司 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 呈交日期: 2025年10月6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) | 00326 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | 本月底法定/ ...

Core Viewpoint - ST凯利 has triggered the buyback conditions outlined in the shareholder agreement with Shanghai Ligetai and has issued a written buyback notice to the relevant parties [1] Group 1 - The company will repurchase its entire 7.0130% stake in Shanghai Ligetai, which corresponds to an investment of RMB 4.5938 million [1] - The total amount for the share transfer to the assignee Ligetai Zhichuang is RMB 152,029,483.02 [1] - The buyback obligation has been agreed upon by the parties involved, with Ligetai Zhichuang assuming the buyback responsibility [1]

CHINA STAR ENTERTAINMENT LIMITED 中國星集團有限公司 致非登記股東： (Incorporated in Bermuda with limited liability) ( 於百慕達註冊成立之有限公司 ) （Stock Code 股份代號：326） NOTIFICATION LETTER 通知信函 Dear Non-registered Shareholder, China Star Entertainment Limited (the "Company") – Notification of publication of Interim Report 2025 (" Current Corporate Communications") The Current Corporate Communications of the Company has been published in English and Chinese languages and are available on the website of The Stock Exchange of Hong Kong Li ...

CHINA STAR ENTERTAINMENT LIMITED 中國星集團有限公司 (Incorporated in Bermuda with limited liability) ( 於百慕達註冊成立之有限公司 ) （Stock Code股份代號：326） NOTIFICATION LETTER 通知信函 Dear Registered Shareholders, China Star Entertainment Limited (the "Company") – Notification of publication of Interim Report 2025 (" Current Corporate Communications") We hereby notify you that the Current Corporate Communications in both English and Chinese are now available on the Company's website at www.chinastar.com.hk and the website of The Stock ...

Financial Performance - Revenue for the six months ended June 30, 2025, was HKD 256,521,000, representing a 32.7% increase from HKD 193,317,000 in the same period of 2024[5] - Gross profit for the same period was HKD 76,391,000, up 31.6% from HKD 57,941,000 year-on-year[5] - Operating loss increased to HKD 81,772,000 compared to HKD 58,762,000 in the previous year, indicating a decline in operational efficiency[5] - The company reported a loss before tax of HKD 133,640,000, slightly improved from a loss of HKD 133,833,000 in the prior year[5] - The company reported a total comprehensive loss of HKD 137,066,000 for the period, compared to HKD 133,546,000 in the previous year, reflecting ongoing challenges[6] - The company experienced a loss of HKD 135,480,000 for the six months ended June 30, 2025, compared to a loss of HKD 110,875,000 for the six months ended January 1, 2025[9] - The loss for the period was HKD 133,602,000, slightly improved from HKD 134,239,000 in the same period last year, with a gross profit of HKD 76,391,000 compared to HKD 57,941,000 previously[71] - The loss attributable to owners of the company was HKD 110,875,000, a decrease of 18% from HKD 135,480,000 in the prior year[71] Assets and Liabilities - Total assets as of June 30, 2025, were HKD 4,182,892,000, a decrease from HKD 4,205,511,000 at the end of 2024[8] - Non-current assets decreased to HKD 559,353,000 from HKD 546,469,000, reflecting a shift in asset composition[7] - Cash and bank balances decreased to HKD 98,827,000 from HKD 126,257,000, indicating a liquidity challenge[7] - The company’s equity attributable to owners decreased to HKD 1,939,479,000 from HKD 2,053,818,000, showing a decline in shareholder value[8] - Total equity as of June 30, 2025, was HKD 2,499,896,000, down from HKD 2,660,483,000 as of January 1, 2024, reflecting a decrease of 6.05%[9] - The company’s retained earnings decreased to HKD 435,499,000 as of June 30, 2025, from HKD 570,979,000 as of January 1, 2024, indicating a reduction of 23.6%[9] - The company’s total liabilities decreased to HKD 582,000 as of June 30, 2025, from HKD 659,000 as of January 1, 2024, a reduction of 11.7%[9] Cash Flow and Financing - For the six months ended June 30, 2025, the company reported a net cash inflow from operating activities of HKD 33,504,000, a decrease of 52.9% compared to HKD 71,254,000 for the same period in 2024[10] - The company incurred interest payments of HKD 31,103,000 during the financing activities for the six months ended June 30, 2025, compared to HKD 67,509,000 in the same period of 2024[10] - The group reported a total financing cost of HKD 84,981,000 for the six months ended June 30, 2025, compared to HKD 78,164,000 in 2024[27] - Financing costs for the six months ended June 30, 2025, were HKD 51,868,000, down from HKD 75,071,000 in the prior year, primarily due to a reduction in the principal amount of term loans[85] Revenue Breakdown - The group's revenue from film-related operations for the six months ended June 30, 2025, was HKD 314,000, a decrease from HKD 1,166,000 in 2024, resulting in a loss of HKD 1,185,000 compared to a loss of HKD 3,243,000 in the previous year[18] - Property development and investment operations generated revenue of HKD 133,013,000, down from HKD 179,147,000 in 2024, with a loss of HKD 92,251,000 compared to a loss of HKD 65,113,000 in 2024[18] - Multimedia and entertainment operations reported revenue of HKD 123,194,000, significantly up from HKD 13,004,000 in 2024, with a loss of HKD 3,837,000 compared to a loss of HKD 25,165,000 in the previous year[18] - Revenue from external customers in Macau was HKD 133,013,000 for the six months ended June 30, 2025, down from HKD 179,147,000 in 2024[22] - Revenue from external customers in China was HKD 123,494,000, up from HKD 13,719,000 in 2024[22] Shareholder Information - The basic and diluted loss per share improved to HKD 4.56 from HKD 5.57, indicating a slight reduction in loss per share despite overall losses[5] - The average number of ordinary shares used to calculate basic and diluted loss per share was 2,428,911, slightly down from 2,431,723 in the previous year[33] - The company repurchased and canceled 33,000,000 shares at a total cost of HKD 26,927,000 during the first half of 2024, which is expected to enhance the net asset value per share[46] - As of June 30, 2025, HWKFE holds 1,640,375,595 shares, representing approximately 67.5% of the company's issued share capital[109] Corporate Governance - The company has complied with the corporate governance code principles and applicable provisions during the reporting period[113] - The audit committee, composed of independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the six months ending June 30, 2025[116] - The company has adopted the standard code for securities transactions by directors and confirmed compliance by all directors during the reporting period[114] Market Conditions and Future Outlook - The property market in Macau remains sluggish, impacting sales and increasing financing costs, which amounted to HKD 34,168,000 in the first half of 2025[78] - The group anticipates new revenue and cash flow sources as the C7 property is expected to obtain occupancy permits around mid-2026[104] - The group has a new film project with a completed script, but production is delayed due to unfavorable market conditions[74] - The company plans to develop the commercial space at the Daphne • House into a shopping mall to serve residents and nearby communities[81]

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: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國星集團有限公司 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) | 00326 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | 本月底法定/註 ...

Group 1 - The company reported a revenue of HKD 256,521,000 for the six months ending June 30, 2025, representing a 33% increase compared to the same period last year [1] - The company incurred a loss of HKD 133,602,000 during the period, slightly improved from a loss of HKD 134,239,000 in the same period last year [1]