Group 1 - The core point of the article is that Wanhua Media (00426) reported a decline in revenue and an increase in losses for the second quarter ending September 30, 2025 [1] Group 2 - The company's revenue for the quarter was HKD 7.973 million, representing a year-on-year decrease of 1.7% [1] - The loss attributable to the company's owners was HKD 6.924 million, which is a year-on-year increase of 10.5% [1] - The basic loss per share was HKD 0.0173 [1]

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 418.422 million, an increase of 25.5% compared to HKD 166.62 million in the same period of 2024[2]. - Cost of goods sold for the same period was HKD 178.82 million, resulting in a gross profit of HKD 540 thousand, down from HKD 992 thousand in 2024[2]. - Operating loss for the six months was HKD 10.615 million, compared to a loss of HKD 9.77 million in the previous year, indicating a deterioration in operational performance[2]. - The net loss attributable to the company's shareholders for the period was HKD 12.449 million, compared to a loss of HKD 11.769 million in 2024, reflecting ongoing challenges[3]. - Basic and diluted loss per share was HKD 3.11, compared to HKD 2.94 in the previous year, indicating a higher loss per share[4]. - The company reported a total segment loss of HKD (10,072) million for the six months ending September 30, 2025, compared to HKD (9,466) million for the same period in 2024, indicating an increase in losses[12][13]. - The company incurred a pre-tax loss of HKD (12,441) million for the six months ending September 30, 2025, compared to HKD (11,761) million for the same period in 2024, showing an increase in pre-tax losses[12][13]. - The group recorded a post-tax loss of HKD 12,449,000, which is an increase of approximately 5.8% from the loss of HKD 11,769,000 for the six months ended September 30, 2024[38]. Revenue Breakdown - Total revenue for the period was HKD 6,120 million, compared to HKD 4,380 million in the previous period[5]. - The company’s total revenue from the media business for the six months ending September 30, 2025, was HKD 12,594 million, compared to HKD 10,685 million for the same period in 2024, representing an increase of approximately 17.9%[12][14]. - The company’s total revenue from the watch and automotive business for the six months ending September 30, 2025, was HKD 5,828 million, compared to HKD 5,977 million for the same period in 2024, indicating a decrease of approximately 2.5%[12][14]. - For the six months ended September 30, 2025, the group's revenue increased by approximately 10.6% to HKD 18,422,000 compared to HKD 16,662,000 in the previous fiscal year[38]. - The entertainment and fashion segment generated revenue of HKD 12,594,000, up about 17.9% from HKD 10,685,000 in the previous fiscal year, while the segment's loss decreased to HKD 8,995,000 from HKD 9,430,000[39]. - The watch and automotive segment reported revenue of HKD 5,828,000, a slight decline of approximately 2.5% from HKD 5,977,000 in the previous year, with a pre-tax loss of HKD 1,077,000 compared to a loss of HKD 36,000 in the same period last year[42]. Expenses and Liabilities - Financial expenses amounted to HKD 1.744 million, a decrease from HKD 1.908 million in the same period last year[2]. - Administrative expenses increased to HKD 7.543 million from HKD 7.278 million, contributing to the overall loss[2]. - Total liabilities decreased to HKD 33,262 million from HKD 32,792 million[5]. - Total liabilities increased to HKD 125.368 billion, up from HKD 113.189 billion year-over-year, representing a growth of approximately 10.3%[6]. - Current liabilities amounted to HKD 15.049 billion, an increase from HKD 12.833 billion, reflecting a rise of approximately 17.3%[6]. - Non-current liabilities totaled HKD 110.319 billion, up from HKD 100.356 billion, marking an increase of around 9.9%[6]. - The company reported a financial expense of HKD (1,744) million for the six months ending September 30, 2025, compared to HKD (1,908) million for the same period in 2024, reflecting a decrease of about 8.6%[12][15]. Strategic Focus and Market Opportunities - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[2]. - There are ongoing discussions regarding potential strategic partnerships to expand market reach and product offerings[2]. - The group continues to enhance its advertising capabilities by developing creative storyboards and engaging video content to adapt to changing consumer interaction trends[41]. - The group is focusing on cross-selling opportunities between its magazines to expand its customer base and strengthen overall market influence[43]. - The group aims to improve its production quality and resource allocation to enhance competitiveness in digital and social media channels[42]. - The group has established a joint venture named "Dream Unstoppable" to enhance video production capabilities using AI, positioning it as the main investment platform in the AI sector[44]. - The group anticipates challenges in the second half of the fiscal year due to high operational costs but believes upgraded advertising solutions will positively contribute to revenue[48]. - The group is focusing on enhancing operational efficiency to achieve further cost optimization[49]. Assets and Equity - Total assets decreased to HKD 37,857 million from HKD 39,312 million[5]. - Total non-current assets increased to HKD 6,520 million from HKD 4,595 million[5]. - Current assets increased to HKD 33,262 million from HKD 32,792 million[5]. - Cash and cash equivalents increased to HKD 28,948 million from HKD 28,562 million[5]. - Shareholders' equity decreased to HKD 401 million from HKD 14 million[5]. - Cumulative losses increased to HKD (198,448) million from HKD (210,897) million[5]. - The group’s net current assets as of September 30, 2025, amount to HKD 17,743,000, a decrease from HKD 20,429,000 as of March 31, 2025, while total liabilities have increased to HKD 86,056,000 from HKD 75,332,000[51]. Corporate Governance - The Audit Committee consists of three independent non-executive directors: Mr. Yu Han Du, Mr. Liu Zhi Hua, and Ms. Huang Hong Wan Yi[57]. - The Remuneration Committee includes three independent non-executive directors: Mr. Yu Han Du, Mr. Liu Zhi Hua, and Ms. Huang Hong Wan Yi, along with one executive director, Mr. Zhang Qiu Chang[58]. - The Nomination Committee is composed of three independent non-executive directors: Mr. Yu Han Du, Mr. Liu Zhi Hua, and Ms. Huang Hong Wan Yi, plus one executive director, Mr. Zhang Qiu Chang[59]. - The Audit Committee has reviewed the interim financial information along with management, discussing risk management and internal control systems[60]. - The company’s interim report for the fiscal year 2025/26 will be published on the Hong Kong Stock Exchange's website and distributed to shareholders by the end of December 2025[63].

Core Viewpoint - Wanhua Media (00426.HK) will hold a board meeting on November 27, 2025, to approve the second quarter and interim results for the period ending September 30, 2025, and to consider the distribution of an interim dividend if applicable [1] Group 1 - The board meeting will take place at the Ming Pao Industrial Centre, 16th Floor, 18 Jia Ye Street, Chai Wan, Hong Kong [1] - The meeting will also address the potential suspension of share transfer registration procedures if necessary [1]

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布之內容概不負責，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布全部或任何部分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。 萬華媒體集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：426） 董事會會議通告 萬華媒體集團有限公司 (「本公司」) 之董事會 (「董事會」) 謹此公布，本公 司董事會將於二零二五年十一月二十七日（星期四）假座香港柴灣嘉業街十八號 明報工業中心A座十六樓舉行董事會會議，藉以批准（其中包括）本公司及其附 屬公司截至二零二五年九月三十日止期間之第二季季度業績及中期業績，及考慮 派發中期股息（如有）及暫停辦理股份過戶登記手續（如需要）。 代表董事會 萬華媒體集團有限公司 張裘昌 董事 香港，二零二五年十一月十二日 於本公布日期，董事會包括非執行董事張聰女士；執行董事張裘昌先生及林栢昌先 生；及獨立非執行董事俞漢度先生、劉志華先生及黃洪琬貽女士。 ...

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布之內容概不負責，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布全部或任何部分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。 代表董事會 萬華媒體集團有限公司 張裘昌 董事 香港，二零二五年十一月十一日 於本公布日期，董事會包括非執行董事張聰女士；執行董事張裘昌先生及林栢昌先 生；及獨立非執行董事俞漢度先生、劉志華先生及黃洪琬貽女士。 萬華媒體集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：426） 主要股東兼榮譽主席 丹斯里拿督張曉卿爵士辭世 萬華媒體集團有限公司(「本公司」) 之董事會(「董事會」) 惋然宣佈，本公司 之主要股東兼榮譽主席丹斯里拿督張曉卿爵士(「丹斯里拿督張爵士」)今天安祥 離世。董事會謹此表示最深切的悲傷和遺憾及對丹斯里拿督張爵士於在任期間對 本公司作出之貢獻致以最衷心的感謝，並向丹斯里拿督張爵士家人表達深切慰 問。 ...

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10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: 萬華媒體集團有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2025年11月3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) | 00426 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.001 HKD | | | 4,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.001 HKD | | ...

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9月30日 狀態: 新提交 公司名稱: 萬華媒體集團有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2025年10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) | 00426 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.001 HKD | | 4,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.001 HKD | | 4,000,000 | 本月底法定/註冊股本總額： HKD 4 ...

FF301 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) | 00426 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.001 HKD | | 4,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.001 HKD | | 4,000,000 | 本月底法定/註冊股本總額： HKD 4,000,000 第 1 頁 共 10 頁 v 1.1.1 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8月31日 狀態: 新提交 致：香港交 ...

Core Insights - Wanhua Media (00426) reported a revenue of HKD 10.449 million for the first quarter ending June 30, 2025, representing a year-on-year increase of 22.18% [1] - The company recorded a loss attributable to shareholders of HKD 5.525 million, which is a 0.44% increase compared to the same period last year [1] - The loss per share was HKD 0.0138 [1] Revenue Analysis - The increase in revenue was driven by additional sales activities [1] - However, this growth was partially offset by a decline in traditional print advertising revenue [1] - Rising labor costs due to employee turnover and new hiring also contributed to the financial challenges [1] Loss Overview - The reported loss of HKD 5.525 million is slightly higher than the loss of HKD 5.501 million recorded in the same quarter of the previous fiscal year [1] - The company continues to face challenges in maintaining profitability despite revenue growth [1]

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布之內容概不負責，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布全部或任何部分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。 萬華媒體集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：426） 截至二零二五年六月三十日止三個月之第一季業績公布 萬華媒體集團有限公司（「本公司」）董事（「董事」）宣布本公司及其附屬公司（統稱「本集團」）截至二零 二五年六月三十日止三個月之未經審核綜合業績，連同於二零二四年同期之比較數字如下： 綜合收益表 截至二零二五年六月三十日止三個月 | | | (未經審核) | | | --- | --- | --- | --- | | | | 截至六月三十日止三個月 | | | | | 二零二五年 | 二零二四年 | | | 附註 | 千港元 | 千港元 | | 營業額 | 2 | 10,449 | 8,552 | | 已售貨品成本 | | (9,553) | (7,875) | | 毛利 | | 896 | 677 | | 其他收入 | 3 | 78 | 102 | | 銷售及分銷支出 | | ( ...