Group 1 - The company reported a significant increase in coal production and sales volume for the period from July to September 2025, with production rising by 15% to 2.9039 million tons and sales volume increasing by 24% to 3.0710 million tons [2] - Despite the increase in production and sales volume, the company's coal sales revenue decreased by 7.13% to 1.054 billion yuan, and the sales cost increased by 9.25% to 1.0897 billion yuan, resulting in a gross profit loss of 35.69 million yuan, a decline of 125.95% compared to the previous year [2] - The company's stock price experienced a dramatic increase of 124.23% from October 10 to October 22, 2025, while the Shanghai Composite Index fell by 0.51% during the same period, indicating potential irrational speculation in the market [2] Group 2 - The company reported a poor performance in the first half of 2025, with both revenue and net profit significantly declining, resulting in a net loss of 851 million yuan [3] - The company acknowledged that its current stock price has deviated significantly from its fundamentals, urging investors to be cautious of trading risks and high valuation risks [3] - As of October 22, 2025, the company's stock price reached 8.79 yuan per share, with a total market capitalization of 21 billion yuan, having achieved 9 limit-up days in 13 trading days since September 26, resulting in a cumulative increase of nearly 140% [3]

Core Viewpoint - Daya Energy (600403) reported significant increases in coal production and sales volume for Q3, but experienced a decline in sales revenue and gross profit margin, indicating potential challenges despite operational growth [1][3]. Group 1: Q3 Operational Data - The company's coal production reached 2.9039 million tons in Q3, a year-on-year increase of 15% [1][3]. - Coal sales volume was 3.0710 million tons, reflecting a year-on-year increase of 24% [1][3]. - Coal sales revenue amounted to 1.054 billion yuan, a decrease of 7.13% compared to the previous year [1][3]. - Coal sales cost was 1.08969 billion yuan, which increased by 9.25% year-on-year [1][3]. - The gross profit from coal sales was -35.69 million yuan, indicating a significant decline of 125.95% compared to the previous year [1][3]. Group 2: Stock Performance and Market Context - Daya Energy's stock price surged by 124.23% from October 10 to October 22, while the Shanghai Composite Index fell by 0.51% during the same period [1][3]. - The company's current price-to-book ratio is 4.34, significantly higher than the industry average of 1.74 [1][3]. - The stock has experienced a continuous rise, achieving 9 limit-up days in 13 trading days, with a total increase of nearly 140% since September 26 [4]. Group 3: Strategic Restructuring - The company announced a strategic restructuring involving its controlling shareholder, Henan Energy Group, and China Pingmei Shenma Group, which is not expected to significantly impact its operations [6]. - The actual controller of the company will remain unchanged, and there are no ongoing major asset restructuring or significant transactions planned [6].

Core Viewpoint - Daya Energy reported its third-quarter operational data, showing an increase in coal production and sales volume, but a decline in sales revenue and gross profit margin [1][3]. Group 1: Operational Performance - The company's coal production in Q3 reached 2.9039 million tons, representing a year-on-year increase of 15% [1][3]. - Coal sales volume for the third quarter was 3.0710 million tons, up 24% compared to the same period last year [1][3]. - Coal sales revenue amounted to 1.054 billion yuan, a decrease of 7.13% year-on-year [1][3]. - The cost of coal sales was 1.08969 billion yuan, reflecting a 9.25% increase year-on-year [1][3]. - The gross profit from coal sales was negative at -35.69 million yuan, indicating a significant decline of 125.95% compared to the previous year [1][3]. Group 2: Stock Performance and Market Conditions - Daya Energy's stock price surged by 124.23% from October 10 to October 22, while the Shanghai Composite Index fell by 0.51% during the same period [4]. - The company's latest price-to-book ratio is 4.34, significantly higher than the industry average of 1.74 [4]. - The stock has experienced a continuous rise since September 26, achieving 9 limit-up days in 13 trading sessions, with a total increase of nearly 140% [4]. Group 3: Strategic Developments - The company announced a strategic restructuring involving its controlling shareholder, Henan Energy Group, and China Pingmei Shenma Group, which is not expected to significantly impact its operations [6]. - As of October 22, the company confirmed that there are no ongoing major asset restructuring or significant transactions planned that would require disclosure [6].

Group 1: eSIM Technology and Market Development - eSIM technology is entering a new commercial phase in China, with major telecom operators like China Mobile, China Unicom, and China Telecom officially launching eSIM services for mobile phones [3][4] - The first eSIM phone in China, the iPhone Air, will be released on October 22, marking a significant milestone in the transition to a "no card" era for mobile devices [3][4] - Domestic brands such as OPPO and vivo are quickly following suit, with OPPO launching its eSIM-compatible phone in November and other brands expected to introduce similar products soon [3][4] Group 2: Industry Impact and Future Projections - eSIM is expected to become a mainstream communication solution, with predictions indicating that by the end of 2025, global eSIM smartphone connections will reach 1 billion, and by 2030, this number will grow to 6.9 billion, accounting for 76% of total smartphone connections [4] - The technology is seen as a key infrastructure for transforming the communication industry, enhancing user experience, and contributing to the development of the digital economy in China [4] Group 3: A-Share Market Performance and Company Involvement - Several A-share companies, including Unisoc, Eastcompeace, and Megmeet, have made significant advancements in eSIM technology, with products already in mass production and compliance with international standards [6] - The average increase in eSIM concept stocks has been 42.42% this year, significantly outperforming the Shanghai Composite Index, with six stocks rising over 50% [6][7] - Despite some stocks experiencing significant pullbacks, 14 eSIM concept stocks have received positive ratings from brokerage firms, indicating strong institutional interest [7]

Core Insights - eSIM technology is entering a new commercial phase in China, with major telecom operators officially launching eSIM services for mobile phones, marking a significant shift in the industry [2][3] - The adoption of eSIM is expected to expand beyond mobile phones into various sectors, including consumer electronics and the Internet of Things (IoT), driven by technological advancements and policy support [3][4] Industry Developments - Apple has announced the launch of the iPhone Air, the first eSIM-only phone in China, set to be released on October 22 [2] - Domestic brands like OPPO and vivo are quickly following suit, with OPPO already launching an eSIM-compatible model and others expected to release their versions soon [2][3] - eSIM technology is anticipated to enhance device capabilities, such as waterproofing and shock resistance, while also allowing for multiple SIM profiles [3] Market Performance - eSIM concept stocks have shown strong performance, with an average increase of 42.42% year-to-date, significantly outperforming the Shanghai Composite Index [5] - Six stocks in the eSIM sector have seen gains exceeding 50%, including Hengbao Co., Dongxin Peace, and Meige Intelligent [5] - Despite the overall positive trend, some stocks have experienced significant pullbacks, with several dropping over 30% from their year-to-date highs [8] Company Strategies - Several A-share companies are actively investing in eSIM technology, including Unisoc, which has launched multiple eSIM products, and Eastcompeace, which has developed an embedded operating system for eSIM management [4] - Megmeet has established a mature eSIM solution and is producing large volumes of 4G/5G chips, while Chutianlong has received product approval from China Unicom for its eSIM offerings [4] Future Projections - GSMA Intelligence forecasts that by the end of 2025, global eSIM smartphone connections will reach 1 billion, and by 2030, this number is expected to rise to 6.9 billion, representing 76% of total smartphone connections [3]

I. 法定/註冊股本變動 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 | 狀態: | | --- | | 新提交 | | 截至月份: 2025年9月30日 | 致：香港交易及結算所有限公司 公司名稱: 星光集團有限公司 呈交日期: 2025年10月3日 | 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) | 00403 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 | HKD | | 100,0 ...

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 | | | 致：香港交易及結算所有限公司 公司名稱: 星光集團有限公司 呈交日期: 2025年9月2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) | 00403 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | | 0.1 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | | 0.1 HKD | | 100,000,000 | 本月底法定/註冊股本總額： HKD 100,000,000 F ...

提名委員會 職權範圍 1. 成員 2. 秘書 * 僅供識別 1 (a) 提名委員會由星光集團有限公司（「本公司」）董事會（「董事會」）不時委任， 且由不少於五名成員（「成員」）組成，包括最少三位獨立非執行董事（「獨立非 執行董事」）及兩位執行董事∕非執行董事。 (b) 提名委員會的大部分成員須為獨立非執行董事。 (c) 提名委員會須有至少一名不同性別的董事。 (d) 提名委員會主席須為本公司董事會主席或獨立非執行董事。主席需要最少每兩年一 次退任主席職位，退任之主席可以膺選連任。 (a) 提名委員會之秘書須由公司秘書出任，或提名委員會可不時委任具備適當資格及經 驗之任何其他人士擔任提名委員會之秘書。 (b) 完整會議紀錄須由提名委員會之秘書備存。會議紀錄的初稿及最後定稿應在會議後 一段合理時間內先後發送委員會全體成員以供表達意見及作為紀錄之用。 (a) 至少每年檢討董事會的架構、人數及組成（包括技能、知識、經驗方面），協 助董事會編製董事會技能表，並就任何為配合本公司的策略而擬對董事會作 出的變動提出建議； 2 (a) 提名委員會每年須召開會議至少一次，若因工作需要，提名委員會應召開額外會議。 (b) 提名委 ...

投票表決結果 二零二五年八月二十七日舉行之股東週年大會 投票表決結果 星光集團有限公司董事會（「董事會」）欣然宣佈，本公司之股東週年大會已於二零二五年八 月二十七日星期三下午四時正假座香港九龍柯士甸道西一號環球貿易廣場香港麗思卡爾頓 酒店八樓碧玉廳舉行。於通告所載之各項決議案（「決議案」）均獲本公司股東以投票表決方 式通過。 各項決議案之投票表決結果如下： 茲提述星光集團有限公司（「本公司」）日期為二零二五年七月十八日之股東週年大會（「股 東週年大會」）通告（「該通告」），及日期為二零二五年七月十八日之通函（「該通函」）。除 文義另有所指外，本公告所用詞彙與該通函所界定者具有相同涵義。 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。 股東週年大會乃由執行董事兼董事會主席林光如先生擔任主席。本公司董事林光如先生、潘 國政先生、楊翠女士、陳裕光先生、譚競正先生及羅君美女士親身出席股東週年大會，黃偉 國先生、鍾治塘先生及郭琳廣先生, 銀紫荊星章，太平紳士 透 ...

S T A R L I T E HOLDINGS LIMITED 星 光 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: 403 al de a INTELLIGENT MANUFACTURING · COEXISTENCE · SUSTAINABILITY *封面設計由AI智能繪圖結合 COVER DESIGN COMBINING AI DRAWING CB LIC 577 J ERING HEARTS, GATHERING STRENGTH, GATHERING ENERGY 聚焦韶關科藝！ 集韶關丶香港丶星馬丶廣州丶蘇州五地四廠團建活動 圓滿結束！ Focusing on Starlite Shaoguan! The team-building activities involving five locations: Shaoguan, Hong Kong, Singapore, Guangzhou, and Suzhou, have successfully co ...