Group 1 - The company, China Huaxing (00485), announced the acquisition of land use rights for the development of the Bagua City Project II, with the land expected to be delivered by the end of September 2025 [1] - The local natural resources bureau has issued a compulsory demolition order for the remaining two holdout landowners, with negotiations ongoing for their relocation compensation [1] - The total construction area for the property is proposed to be increased from 14,700 square meters to 19,700 square meters, pending formal approval [1] Group 2 - The construction of Bagua City Project II is expected to commence in October 2025, with completion targeted by the end of December 2026, and marketing and sales of completed units to begin in early 2027 [1] - The company plans to finance the project through a combination of internal cash flow, secured loans, equity financing, government subsidies, and proceeds from pre-sales [2]

Summary of Key Points Core Viewpoint - A total of 142 stocks reached their 52-week highs as of August 12, with notable performers including Yingmei Holdings (02028), Elite Group (01775), and Fuying Global Group (01620) achieving high rates of 164.89%, 84.78%, and 40.63% respectively [1]. Stock Performance - **Top Performers**: - Yingmei Holdings (02028) closed at 0.223 with a peak of 0.249, marking a 164.89% increase [1]. - Elite Group (01775) closed at 0.350 with a peak of 0.425, reflecting an 84.78% increase [1]. - Fuying Global Group (01620) closed at 0.180, reaching its peak at 0.180, showing a 40.63% increase [1]. - **Other Notable Stocks**: - Aoya Group (02425) increased by 34.36% [1]. - Fuyiy International Holdings (01470) saw a rise of 28.30% [1]. - Huajian Medical (01931) experienced a 27.58% increase [1]. 52-Week High Rankings - The ranking of stocks that reached their 52-week highs includes: - Yingmei Holdings (02028) at 164.89% [1]. - Elite Group (01775) at 84.78% [1]. - Fuying Global Group (01620) at 40.63% [1]. 52-Week Low Rankings - The report also highlights stocks that reached their 52-week lows, with notable declines including: - Jiadeng International Group (08153) at -15.25% [4]. - Kun Group (00924) at -12.86% [4]. - Zhongjia Guoxin (00899) at -10.00% [4].

机构评级方面，目前暂无机构对该股做出投资评级建议。 8月12日，截至港股收盘，恒生指数上涨0.25%，报24969.68点。中国华星（00485.HK）收报0.41港元/ 股，上涨9.33%，成交量2万股，成交额8400港元，振幅2.67%。 最近一个月来，中国华星累计涨幅150%，今年来累计涨幅140.38%，跑赢恒生指数24.16%的涨幅。 财务数据显示，截至2025年3月31日，中国华星实现营业总收入1832.28万元，同比减少37.79%；归母净 利润-2245.89万元，同比减少30.92%；毛利率25.47%，资产负债率27%。 行业估值方面，地产行业市盈率（TTM）平均值为9.29倍，行业中值-0.16倍。中国华星市盈率-3.28 倍，行业排名第139位；其他百仕达控股（01168.HK）为0.93倍、瑞森生活服务（01922.HK）为2.82 倍、鑫苑服务（01895.HK）为3.03倍、兴业物联（09916.HK）为3.25倍、中国新城市（01321.HK）为 3.32倍。 资料显示，中国华星集团有限公司肩负'创造美好生活'之使命,将公司新管理团队在企业文化方面取得的 成就融入到当前经营的业 ...

China Sinostar Group Company Limited 中國華星集團有限公司 (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：485） NOTIFICATION LETTER 通知信函 Dear Registered Shareholders, 31 July 2025 China Sinostar Group Company Limited (the "Company") Notification of publication of Annual Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at www.00485.hk and the website of The S ...

China Sinostar Group Company Limited 中國華星集團有限公司 (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：485） NOTIFICATION LETTER 通知信函 Dear Non-registered Holder(s) (Note 1) , China Sinostar Group Company Limited (the "Company") Notification of publication of Annual Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at www.00485.hk and the website of The Stock E ...

2025 年報 ANNUAL REPORT OUR MISSION We have highlighted the mission of "invest for a better life", integrated the success of the culture of our management team into current operations, and adhered to the "customer-first, all wins, harmony- oriented, environmental friendly, result driven" philosophy, thus promoting sustainable corporate development. This proves that we proactively responded to stakeholders' concerns and, in particular, persisted with repaying investors' trust with increasing returns and lookin ...

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 對 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。 China Sinostar Group Company Limited 中國華星集團有限公司 （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） 綜合損益及其他全面收益表 截至二零二五年三月三十一日止年度 | | | | | | | | | | | | | 二零二五年 | | 二零二四年 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | 附 | | | | 千港元 | 註 | | 千港元 | | | 收 益 | | | | | | | 4 | | 19,855 | 31,917 | | | | | | 銷售成本 | | | | | | | | | | (26,062) | | ...

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 14,740,000, a decrease of 34.5% compared to HKD 22,397,000 for the same period in 2023[2] - Gross profit for the same period was HKD 2,775,000, down 33.3% from HKD 4,160,000 in 2023[2] - The company reported a loss before tax of HKD 3,442,000, compared to a loss of HKD 1,763,000 in the previous year, indicating a significant increase in losses[2] - Total comprehensive income for the period was HKD 4,232,000, a recovery from a loss of HKD 20,420,000 in the same period last year, primarily due to foreign exchange gains[2][6] - The company’s basic and diluted loss per share for the period was HKD 1.69, compared to HKD 1.17 in the previous year, reflecting worsening financial performance[2] - The company reported a total loss before tax of HKD 3,422 thousand for the six months ended September 30, 2024, compared to a loss of HKD 1,763 thousand for the same period in 2023[20] - The company incurred an administrative expense of approximately HKD 5,002,000, maintaining a similar level to HKD 4,751,000 for the six months ending September 30, 2023[53] - Financial costs amounted to approximately HKD 1,445,000, an increase of about 16% from HKD 1,251,000 in the same period last year, attributed to refinancing and bond obligations[53] - The company reported a loss of approximately HKD 3,588,000 for the six months ending September 30, 2024, an increase of about 44% compared to a loss of HKD 2,495,000 for the same period in 2023[53] Revenue Breakdown - Revenue from property development and sales for the six months ended September 30, 2024, was HKD 11,041 thousand, a decrease of 40.1% compared to HKD 18,442 thousand for the same period in 2023[15] - Revenue from hydropower operations for the six months ended September 30, 2024, was HKD 2,969 thousand, a decrease of 0.5% compared to HKD 2,941 thousand for the same period in 2023[15] - The revenue from property management for the six months ending September 30, 2024, was approximately HKD 612,000, a decrease of 14% from approximately HKD 713,000 for the same period in 2023, resulting in a classified loss of about HKD 48,000[63] - The revenue from property investment for the six months ending September 30, 2024, was approximately HKD 612,000, a decrease of 14% from approximately HKD 713,000 for the same period in 2023, resulting in a classified loss of about HKD 48,000[63] - The clean and renewable energy business generated revenue of approximately HKD 2,969,000 for the six months ending September 30, 2024, with a classified profit of about HKD 419,000, compared to approximately HKD 2,941,000 and HKD 688,000 for the same period in 2023[66] Cash Flow and Liquidity - Cash and cash equivalents at the end of the reporting period increased to HKD 8,495,000 from HKD 4,500,000, reflecting a positive cash flow trend[8] - The net cash generated from operating activities was HKD 2,251,000, a decrease from HKD 12,273,000 in the previous year, indicating a decline in operational efficiency[8] - As of September 30, 2024, the bank balance and cash amounted to approximately HKD 8,495,000, an increase of about 86% from approximately HKD 4,571,000 on March 31, 2024, primarily due to the appreciation of the RMB[67] - The current ratio as of September 30, 2024, was 3.24, slightly up from 3.19 on March 31, 2024, reflecting a strong liquidity position[67] Assets and Liabilities - The company's total assets less current liabilities amounted to HKD 200,821,000, an increase from HKD 196,826,000 as of March 31, 2024[4] - Trade receivables increased to HKD 40,782,000 from HKD 34,629,000, indicating a rise in credit sales or delayed collections[4] - Trade receivables as of September 30, 2024, totaled 14,111,000 HKD, with 13,894,000 HKD overdue for more than 90 days[32] - Other borrowings amounted to 21,096,000 HKD as of September 30, 2024, compared to 20,493,000 HKD as of March 31, 2024[38] - The company issued bonds with a principal amount of 6,760,000 HKD as of September 30, 2024, down from 6,960,000 HKD as of March 31, 2024[40] - The debt-to-asset ratio as of September 30, 2024, was 0.14, consistent with the ratio on March 31, 2024, indicating stable financial management[67] Market Conditions and Future Outlook - The overall market atmosphere remains weak, with national real estate development investment decreasing by 10% year-on-year to approximately RMB 786.8 billion for the period from January to September 2024[52] - The sales amount for commercial housing in China decreased by 23% year-on-year to approximately RMB 688.8 billion, with residential sales down by 24%[52] - The company remains optimistic about the development of the Chinese real estate market and plans to enhance its existing project investment portfolio to create better performance[62] - The BaGua City projects are significant components of the only Tai Chi BaGua City restoration project in China, expected to bring continuous growth and improve future business performance[60] Corporate Governance and Strategy - The board of directors decided not to declare an interim dividend for the six months ended September 30, 2024[78] - The group did not engage in any significant acquisitions or disposals during the six months ended September 30, 2024[74] - The group plans to enhance its product brand and industry positioning while continuing to maintain a cautious investment strategy[81] - The group will continue to seek potential opportunities across different industries and business areas[77] - The audit committee reviewed the group's interim performance for the six months ended September 30, 2024[87] Compliance and Reporting - The company did not apply any new accounting standards or interpretations that have not yet come into effect during the current accounting period[13] - The company adopted new and revised Hong Kong Financial Reporting Standards effective from the current period, which did not have a significant impact on the financial statements[12] - The interim report for the six months ending September 30, 2024, will be published on the Hong Kong Stock Exchange and the company's website[88] - The report will include all information required by the listing rules[88] - The announcement is made by the executive director and CEO, Wang Xingqiao[88]

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Financial Performance - For the fiscal year ending March 31, 2024, the company reported revenue of HKD 31,917,000, an increase of 34.4% compared to HKD 23,764,000 in 2023[2]. - The cost of sales for the same period was HKD 26,062,000, resulting in a gross profit of HKD 5,855,000, up from HKD 3,413,000 in the previous year[2]. - The company incurred a loss before tax of HKD 17,660,000, significantly improved from a loss of HKD 51,165,000 in 2023[2]. - The total comprehensive loss for the year was HKD 35,178,000, compared to HKD 78,828,000 in the prior year, indicating a reduction in overall losses[2]. - Basic and diluted loss per share improved to HKD (8.73) from HKD (24.06) year-over-year[2]. - The group reported a net loss of approximately HKD 18,589,000 for the fiscal year ending March 31, 2024, a decrease of about 64% compared to a net loss of approximately HKD 51,210,000 for the fiscal year ending March 31, 2023[83]. - The annual loss for the year ending March 31, 2024, was HKD (18,589,000), a significant improvement from the loss of HKD (51,210,000) in the previous year, indicating a reduction in losses by approximately 63.7%[167]. Assets and Liabilities - The company's total assets decreased to HKD 196,826,000 from HKD 231,767,000, while total liabilities also decreased, indicating a potential improvement in financial stability[27]. - Total assets amount to HKD 307,229,000, with unallocated company liabilities of HKD 41,719,000[43]. - Total liabilities as of March 31, 2023, amounted to HKD 75,462 million[60]. - The group reported a total revenue of HKD 31,917,000 for the year ending March 31, 2024, compared to HKD 23,764,000 for the previous year, representing a year-over-year increase of approximately 34.4%[160]. - As of March 31, 2024, the debt-to-equity ratio was 0.14, compared to 0.13 in 2023, indicating a slight increase in leverage[94]. - Total borrowings amounted to approximately HKD 20,493,000, down from HKD 21,716,000 in 2023, while bonds payable decreased to HKD 6,960,000 from HKD 8,282,000[96]. Revenue Streams - Revenue from property development reached HKD 25,833,000, while total revenue across all segments was HKD 31,917,000[57]. - The company reported a property development and sales revenue of HKD 25,833,000, which is an increase from HKD 13,392,000 in the previous year, reflecting a growth of approximately 93.2%[160]. - Revenue from property investment was approximately HKD 1,326,000, an increase of 8% from approximately HKD 1,226,000 for the fiscal year ending March 31, 2023[89]. - The company’s revenue from property management increased to HKD 655,000 from HKD 569,000, marking a growth of approximately 15.1%[160]. - Revenue from clean and renewable energy operations decreased by 52% to approximately HKD 4,103,000, down from HKD 8,577,000 in 2023, due to reduced power generation[121]. Operational Strategies - The company is actively communicating with main contractors and local government agencies to initiate the pre-sale of properties under development, which may enhance future cash flow[16]. - The group aims to accelerate the pre-sale and sale of its properties under development[52]. - The group has implemented cost control measures to improve future profitability and enhance operational cash flow[34]. - The group is exploring options to raise sufficient funds to repay loans and bonds, or negotiate extensions with lenders if necessary[52]. - The group is focused on improving cash flow by recovering outstanding trade receivables[35]. Corporate Governance and Compliance - The company has adopted all corporate governance code provisions as of March 31, 2024[133]. - The independent auditor's report indicated significant uncertainty regarding the group's ability to continue as a going concern[140]. - The company has no taxable profits for the years ending March 31, 2023, and March 31, 2024, resulting in no provisions for Hong Kong profits tax[67]. Future Outlook - The group remains optimistic about the Chinese real estate development industry and plans to align with national policies to capture potential market opportunities[88]. - The group plans to enhance its property management services following the completion of the Bagua City Project, aiming to establish a professional property management team[90]. - The group will continue to invest in renewable energy, believing it will bring sustainable long-term benefits and revenue[93]. - The group aims to diversify its business model and enhance its revenue streams to improve overall performance and outlook[93].