中发展控股(00475)发布截至2025年9月30日止6个月的中期业绩，该集团取得收益6791万港元，同比减 少21.71%;公司拥有人应占亏损1021.4万港元，同比增加9.9%;每股亏损2.48港仙。 公告称，收益减少乃主要由于能源业务及珠宝业务的营业额双双下跌所致。 ...

智通财经APP讯，中发展控股(00475)发布截至2025年9月30日止6个月的中期业绩，该集团取得收益6791 万港元，同比减少21.71%;公司拥有人应占亏损1021.4万港元，同比增加9.9%;每股亏损2.48港仙。 公告称，收益减少乃主要由于能源业务及珠宝业务的营业额双双下跌所致。 ...

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。 CENTRAL DEVELOPMENT HOLDINGS LIMITED 中發展控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：475） 截至二零二五年九月三十日止六個月中期業績公告 中發展控股有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然公佈，本 公司及其附屬公司（統稱「本集團」）截至二零二五年九月三十日止六個月之未經 審核中期業績，該中期業績已經由本公司審核委員會審閱，其連同上一年度同期 之比較數字如下： | | | 於二零二五年 | 於二零二五年 | | --- | --- | --- | --- | | | | 九月三十日 | 三月三十一日 | | | 附註 | 千港元 | 千港元 | | | | （未經審核） | （經審核） | | 非流動資產 | | | | | 物業、廠房及設備 | 12 | 14,382 | 14,772 | | 使用權資產 | 12 | 7,42 ...

Core Viewpoint - The third largest shareholder of Shannon Chip Creation, Wuxi New Momentum Fund, has reduced its stake just after the company's stock price reached a historical high of 204.57 CNY per share on November 11, 2025, amid a price surge in the storage chip industry [1][2]. Group 1: Shareholder Actions - Wuxi New Momentum Fund sold 549,200 shares on November 11, reducing its holding from 5.13% to 4.999985%, officially exiting the "5% or more major shareholder" category [1][3]. - The fund had previously announced a plan to reduce its stake by up to 1% of the total share capital, equating to a maximum of 463.77 million shares, between November 11, 2025, and February 10, 2026 [2][3]. Group 2: Stock Performance - Shannon Chip Creation's stock price has increased significantly, with a rise of over 300% since September 5, 2025, and an annual increase exceeding 570%, leading to a market capitalization surpassing 90 billion CNY [4][5]. - The stock reached a peak of 204.57 CNY per share on November 11, 2025, marking a historical high [1][5]. Group 3: Industry Context - The surge in demand for storage chips is driven by the explosion of AI needs, with major AI operators increasing their demand for storage solutions [4][6]. - Major storage manufacturers like SanDisk and Micron are expected to initiate price adjustments in the fourth quarter of 2025, further benefiting companies like Shannon Chip Creation [4][6].

Group 1 - The company, China Development Holdings (00475.HK), announced that its board meeting will be held on November 26, 2025, to review and approve the publication of the unaudited interim results for the six months ending September 30, 2025 [1] - The board will also consider the proposal for the distribution of an interim dividend, if any [1]

承董事會命 中發展控股有限公司 公司秘書 周志成 中發展控股有限公司 香港，二零二五年十一月十二日 （於開曼群島註冊成立之有限公司） 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。 （股份代號：475） 董事會召開日期 CENTRAL DEVELOPMENT HOLDINGS LIMITED 中發展控股有限公司（「本公司」）的董事會（「董事會」）謹此宣佈，董事會會 議將於二零二五年十一月二十六日（星期三）舉行，藉以（其中包括）審議及批准 刊發本公司及其附屬公司截至二零二五年九月三十日止六個月未經審核的中期業績 公告，以及審議派發中期股息（如有）的建議。 於本公告日期，董事會包括五名執行董事，分別為吳浩先生、胡楊俊先生、李維棋 先生、張兵先生及唐述寬先生；以及三名獨立非執行董事，分別為靳慶軍先生、鍾 穎洁女士及蘭亞東先生。 ...

Core Viewpoint - The company, Shannon Chip Innovation (300475.SZ), has disclosed that its main business of chip distribution and product development remains stable despite recent market reports of rising memory chip prices. The company warns investors about potential risks associated with stock price fluctuations that do not reflect changes in its earnings capacity [1][5]. Group 1: Stock Trading Anomalies - The company's stock experienced a cumulative price increase of over 30% across three consecutive trading days (November 6, 7, and 10, 2025), which qualifies as an abnormal trading fluctuation according to Shenzhen Stock Exchange regulations [4]. - The company has confirmed that there are no significant changes in its operational performance that would justify the recent stock price increase, indicating a potential disconnect between market trading and actual financial performance [5]. Group 2: Financial Performance - For the first three quarters of 2025, the company reported a sales revenue of 26.4 billion yuan, representing a year-on-year increase of 59.9%. However, the net profit attributable to shareholders decreased by 1.36% to 359 million yuan [5]. - The company emphasizes that its core business operations are normal and that there have been no major changes in its fundamentals, despite the market's perception of rising memory chip prices [5]. Group 3: Shareholder Actions - The Wuxi High-tech Zone New Kinetic Energy Industry Development Fund plans to reduce its holdings in the company by up to 4,637,737 shares (approximately 0.9976% of the total share capital) between November 11, 2025, and February 10, 2026, depending on market conditions and the company's stock price [1].

Core Viewpoint - The company, Shannon Chip Technology Co., Ltd., has disclosed that its stock has experienced abnormal trading fluctuations, with a cumulative price increase exceeding 30% over three consecutive trading days. The company emphasizes that its fundamental business operations remain stable and have not undergone significant changes, despite the recent stock price surge [4][5]. Group 1: Stock Trading Abnormalities - The company's stock price has deviated significantly, with a cumulative increase of over 30% from November 6 to November 10, 2025, qualifying as abnormal trading activity according to Shenzhen Stock Exchange regulations [4]. - On November 10, the stock closed at 195.82 CNY per share, marking a 15.19% increase for the day, with an intraday high of 197 CNY, and a year-to-date increase exceeding 580% [7]. Group 2: Company Performance and Business Operations - For the first three quarters of 2025, the company reported a sales revenue of 26.4 billion CNY, reflecting a year-on-year increase of 59.90%. However, the net profit attributable to shareholders was 359 million CNY, showing a year-on-year decline of 1.36% [5]. - The company’s primary business focuses on chip distribution and product development, and it has noted recent market reports regarding price increases in storage chips. Nonetheless, the company asserts that its production and operational conditions remain normal, with no significant changes in its core business or fundamentals [5].

Core Viewpoint - Shannon Chip's stock price has surged 500% this year, reaching a historic high of 180 yuan, making it a standout in the current storage chip market despite its financial performance showing revenue growth without profit increase [2][3] Company Performance - In the first three quarters, Shannon Chip reported revenue of 26.399 billion yuan, a year-on-year increase of 59.9%, but net profit fell by 1.67% to 359 million yuan, with a net profit margin of only 1.31%, significantly below the semiconductor sector average of 4.23% [4][6] - The company's operating costs increased by 63.37% to 25.572 billion yuan, outpacing revenue growth by 3.47 percentage points, attributed to rising market demand and product procurement prices [7] Market Dynamics - The storage chip industry is currently experiencing a high boom, driven by explosive demand for AI servers, which require eight times more DRAM than standard servers, disrupting traditional supply-demand dynamics [3][4] - Key suppliers like SK Hynix have signed significant supply agreements, leading to price increases of over 50% for new products compared to previous generations [3] Business Model and Valuation - Shannon Chip operates primarily as a semiconductor distributor, with over 70% of its revenue coming from memory products, relying on price differences for profit [4][6] - The company's TTM price-to-earnings ratio is exceptionally high at 305 times, raising questions about whether this reflects genuine industry prosperity or speculative valuation [5][7]

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: 中發展控股有限公司 呈交日期: 2025年11月5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) | 00475 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | | 100,000,000 | 本月底法定 ...