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。 偠눦隌⫖䧯皒▇劕ꮺ⪬⺶ 罇♸♏谝00513 主要交易 出售一間附屬公司的全部股權 出售事項 於二零二五年九月二十三日，賣方（本公司之間接全資附屬公司）與買方訂立買賣協 議，據此，賣方有條件同意出售，而買方有條件同意收購待售股份（代表目標公司全 部已發行股份）以及待售貸款，代價為人民幣33,370,000元（相當於36,470,073港元）， 惟須遵守買賣協議的條款及條件並受其所限。 完成後，目標集團將不再為本集團的附屬公司，其財務業績亦將不再併入本集團的財 務報表。 上市規則之涵義 由於與出售事項有關的一項適用百分比率（定義見上市規則）超過25%但低於75%，根 據上市規則第14.06(3)條，出售事項構成本公司一項主要交易，因此須遵守上市規則 第14章項下之申報、公告、通函及股東批准規定。 據董事作出一切合理查詢後所知、所悉及所信，於本公告日期，概無股東或其任何聯 繫人士於出售事項中擁有任何重大權益。 ...

恒和珠寶集團有限公司 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 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 不對 因 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。 董事會會議日期 恒和 珠 寶集 團 有限 公司（「 本公司 」）董事 會（「 董事會 」）宣 佈，本公 司將 於 二零 二 五年 九 月二 十九 日（ 星期 一 ）舉行 董 事會 會 議，藉以（ 其 中包 括 ）考慮 及 批 准 本 公 司 及 其 附 屬 公 司 截 至 二 零 二 五 年 六 月 三 十 日 止 年 度 之 全 年 業 績 及 其 發 佈， 以 及考 慮 派付 末期 股 息（ 如 有） 。 承董事會命 主席 陳偉立 香港 ， 二零 二 五年 九月 十 六日 於本公告日期，本公司之執行董事為陳偉立先生、鄭小燕女士、陳慧琪女士、陳美琪女士及 黃君挺先生；以及本公司之獨立非執行董事為余嘯天先生，BBS，MBE，太平紳士、陳炳權先生、 ...

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: | 恒和珠寶集團有限公司 | | | 呈交日期: | 2025年9月1日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 00513 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 683,118,258 | | 0 | | 683,118,258 | | 增加 / 減少 (-) | | | 0 | | 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 | 截至月份: | 2025年7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: | 恒和珠寶集團有限公司 | | | 呈交日期: | 2025年8月1日 | | | I. 法定/註冊股本變動 不適用 | | | III.已發行股份及/或庫存股份變動詳情 (A). 股份期權（根據發行人的股份期權計劃） | 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) | 00513 | | 說明 | | | | | | | | | 股份期權計劃詳情 | 上月底結存的股份期權數 | | 本月內變動 | | 本月底結存的股份期權數 | | 本月內因此發行的新股數 | 本月内因此自庫存轉讓的 | 本月底因此可能發行或自 | 本月底可於所有根 ...

Company Overview - Henghe Group, established in 1975 in Hong Kong, is an investment holding company primarily engaged in jewelry design, production, and wholesale [3][4] - The company has diversified its operations into jewelry retail, real estate, and food and beverage distribution, expanding its influence in markets including mainland China, Europe, the UK, and the US [3][4] - Henghe Group is known for its high-quality products and innovative designs, offering a comprehensive service from research and development to production [3][4] Financial Performance - As of December 31, 2024, Henghe Group reported total revenue of 305 million yuan, representing a year-on-year growth of 64.51% [2] - The company recorded a net profit attributable to shareholders of -15.713 million yuan, with a year-on-year increase of 46.43% [2] - The gross profit margin stood at 18.89%, and the debt-to-asset ratio was 38.92% [2] Market Position and Valuation - Currently, there are no institutional investment ratings for Henghe Group [3] - The company's price-to-earnings (P/E) ratio is -0.45, ranking 118th in the textile and apparel industry, which has an average P/E ratio of -16.79 [3] - Comparatively, other companies in the industry have P/E ratios ranging from 0.33 to 3.66 [3] Industry Insights - The textile and apparel industry is characterized by a wide range of P/E ratios, indicating varying levels of market confidence and performance among different companies [3] - Henghe Group's historical success in the jewelry sector is attributed to its innovative production techniques and strong market presence [4] - The company is committed to maintaining high standards of quality and integrity, which has contributed to its reputation and success over the past four decades [4]

Market Overview - The A-share market continues to show strength, with the Shanghai Composite Index reaching a new nine-month high and the Shanghai 50 and CSI 300 also hitting year-to-date highs [1][2] - The overall market saw more declining stocks than advancing ones, with trading volume increasing [1] Financial Sector Performance - The financial sector, particularly brokerage stocks, led the market rally, with the sector index rising over 3% and achieving a year-to-date high, with half-day trading volume exceeding the previous day's total [5] - Major banks also performed well, with the four largest banks reaching historical highs, and the Industrial and Commercial Bank of China up over 22% year-to-date [7] - Hong Kong financial stocks followed suit, with significant gains in various indices, including a 75% increase in Zhongzhou Securities [7] ETF and Investment Outlook - Seven out of the top ten performing ETFs are related to the financial sector, with the Hong Kong Securities ETF rising over 7% to a historical high [9] - Goldman Sachs maintains an overweight recommendation for A-shares and Hong Kong stocks, projecting a target of 4600 points for the CSI 300, indicating over 10% upside potential [9] Pharmaceutical Sector Performance - The pharmaceutical sector remains strong, with the innovative drug index reaching a historical high, and stocks like Boteng Co. and Lianhuan Pharmaceutical hitting their daily limits [10] - The National Healthcare Security Administration announced plans for the adjustment of the national basic medical insurance drug list, which may benefit innovative drugs [12] - High valuations in the Chinese biotech sector compared to U.S. counterparts suggest a potential for capital re-evaluation, with a focus on innovative drugs [12]

Group 1 - The core viewpoint of the articles highlights the recent decline in the stock price of Henghe Group, which closed at 0.146 HKD, marking a new low in nearly a year, with a net outflow of 0.43 million HKD on May 12 [1] - Henghe Group, established in 1975, is an investment holding company based in Hong Kong, primarily engaged in jewelry design, production, and wholesale, while also diversifying into retail, real estate, and food and beverage distribution [1][2] - The company has expanded its jewelry business into mainland China, Europe, the UK, and the US, showcasing its diverse business operations and influence in the industry [1] Group 2 - Henghe Group has a strong reputation for product quality and design, offering a comprehensive service from research and development to production [1] - The founder, Dr. Chen Shengze, is recognized as an innovator in the industry, having established unique techniques and introduced groundbreaking production technologies [1] - The company's philosophy emphasizes long-term vision and commitment to quality, which has led to numerous awards and honors in Hong Kong and China [2]

Financial Performance - Revenue for the six months ended December 31, 2024, was HKD 329,326,000, a 64.5% increase from HKD 200,183,000 in the same period of 2023[4] - Gross profit for the same period was HKD 62,214,000, up 24.7% from HKD 49,888,000 year-on-year[4] - The net loss for the period was HKD 20,342,000, an improvement of 42.7% compared to a loss of HKD 35,589,000 in the previous year[4] - The group reported a loss before tax of HKD 19,962 thousand for the six months ended December 31, 2024, compared to a loss of HKD 35,503 thousand in the same period of 2023, indicating an improvement of approximately 43.8%[30] - The total comprehensive loss for the period was HKD 22,797,000, compared to a loss of HKD 31,179,000 in the previous period[12] - The group recorded a loss attributable to owners of HKD 16,968,000, an improvement from a loss of HKD 31,677,000 in the same period last year, with basic loss per share improving to HKD 2.48 from HKD 4.64[65] Cash Flow and Liquidity - Operating cash flow for the six months was HKD 137,546,000, a significant recovery from cash used of HKD 27,327,000 in the prior period[10] - The company’s cash and cash equivalents increased to HKD 59,387,000 from HKD 49,156,000 at the end of June 2024[10] - The company has unutilized bank credit facilities exceeding HKD 283,000,000 available for operational funding[15] - The company expects to sell completed properties for a total consideration of approximately HKD 60,200,000, which will help cover outstanding bank loan balances[15] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 2,568,227,000, slightly down from HKD 2,595,092,000 as of June 30, 2024[7] - The company’s equity attributable to owners was HKD 1,797,506,000, a decrease from HKD 1,817,479,000 as of June 30, 2024[8] - The company’s current liabilities exceeded current assets by approximately HKD 372,518,000[14] - The total bank loans as of December 31, 2024, were HKD 879,727,000, with HKD 845,180,000 due within one year[46] - The bank loans were secured by various assets, including investment properties and development properties[47] Revenue Segmentation - Revenue from the jewelry business decreased to HKD 162,355 thousand in 2024 from HKD 187,901 thousand in 2023, representing a decline of approximately 13.5%[28] - Property sales contributed HKD 152,886,000 to revenue, with a total contracted sales amount of HKD 213,100,000 for the Heng Po project, of which HKD 152,886,000 has been recognized as revenue[69] - Rental income increased to HKD 12,996,000, up HKD 2,613,000 from HKD 10,383,000 in the previous year, primarily due to successful leasing at Heng Hui Center[69] Financial Management and Strategy - The company aims to enhance operational efficiency and implement cost control measures to improve cash flow from operating activities[15] - The group plans to enhance product development and adapt to changing consumer preferences, focusing on lightweight jewelry products[67] - The company has adopted a conservative strategy for financial risk management, with market risks kept at a minimum[85] Corporate Governance - The company has complied with all applicable corporate governance codes, except for the separation of roles between the Chairman and CEO, which is currently held by Chen Weili[93] - The audit committee consists of five independent non-executive directors who reviewed the unaudited consolidated interim financial statements for the six months ending December 31, 2024[97] Shareholder Information - The largest shareholder holds 74.12% of the company's issued share capital, totaling 506,339,522 shares[87] - Tamar Investments Group Limited holds 74.12% of the company's issued share capital, equating to 506,339,522 shares[91] - Zheng Xiaoyan owns 70% of Tamar Investments Group Limited, while Chen Weili holds 16% and Chen Huiqi and Chen Meiqi each hold 7%[89]

Financial Performance - Revenue for the six months ended December 31, 2024, was HKD 329,326,000, representing a 64.4% increase compared to HKD 200,183,000 for the same period in 2023[2] - Gross profit for the same period was HKD 62,214,000, up 24.7% from HKD 49,888,000 year-on-year[2] - The net loss for the period was HKD 20,342,000, an improvement of 42.7% compared to a loss of HKD 35,589,000 in the previous year[2] - The company's basic and diluted loss per share improved to HKD 2.48 from HKD 4.64 year-on-year[3] - The group reported a consolidated loss before tax of HKD 19,962,000 for the six months ended December 31, 2024, compared to a loss of HKD 35,503,000 in the same period of 2023[19] - The loss attributable to the company's owners was HKD 16,968,000, compared to a loss of HKD 31,677,000 in the previous year[37] - Basic loss per share for the six months ended December 31, 2024, was HKD 0.0248, compared to HKD 0.0464 for the same period in 2023[28] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 2,568,227,000, a slight decrease from HKD 2,595,092,000 as of June 30, 2024[4] - Current liabilities exceeded current assets by HKD 372,518,000, indicating liquidity challenges[5] - Non-current assets totaled HKD 2,195,709,000, down from HKD 2,371,309,000 in the previous period[5] - The company has bank loans classified as current liabilities amounting to HKD 879,727,000[7] - The asset-liability ratio as of December 31, 2024, was 0.3306, down from 0.3619 as of June 30, 2024[48] Cash Flow and Financial Resources - The company reported cash and cash equivalents of HKD 59,387,000 as of December 31, 2024, compared to HKD 49,156,000 at the end of June 2024[4] - The group has unutilized bank credit facilities exceeding HKD 283,000,000 for operational funding purposes[5] - The group plans to utilize any surplus funds from loan repayments for additional operational funding[5] - The group expects to repay or renew bank loans classified as current liabilities on time, based on its strong compliance record[5] - Total borrowing costs decreased to HKD 27,868,000 from HKD 34,157,000 year-on-year[5] Revenue Breakdown - Revenue from the jewelry business for the six months ended December 31, 2024, was HKD 162,355,000, a decrease of 13.6% compared to HKD 187,901,000 in the same period of 2023[19] - Revenue from property investment and development for the same period was HKD 152,886,000, with no revenue reported in the previous year[21] - Property sales contributed HKD 152,886,000 to the revenue during the review period[37] - The group has rental income of HKD 12,996,000 for the six months ended December 31, 2024, compared to HKD 10,383,000 in the previous year[21] - Property sales and rental income amounted to approximately HKD 152,886,000 and HKD 12,996,000, respectively, representing a significant increase of HKD 155,499,000 compared to HKD 10,383,000 in the same period last year[41] Operational Strategies - The group aims to enhance operational efficiency and implement cost control measures to improve cash flow from operating activities[5] - The company aims to enhance competitive advantages through improved product sales strategies and R&D efforts focused on market-adaptive products[40] - The company plans to prioritize increasing occupancy rates and adopting flexible leasing strategies in response to the challenging real estate market[46] Staff and Governance - As of December 31, 2024, the group employed approximately 451 staff, a decrease from 465 staff as of June 30, 2024[55] - The company has complied with all applicable code provisions of the Corporate Governance Code during the six months ended December 31, 2024, with some deviations noted[60] - The audit committee consists of five independent non-executive directors who reviewed the unaudited consolidated interim financial statements for the six months ended December 31, 2024[63] Market Outlook - The company maintains a cautious optimism regarding the jewelry and property sectors despite ongoing challenges[46] - The group has adopted a conservative strategy for financial risk management, with market risk kept at a minimum level[57]

Financial Performance - For the fiscal year ended June 30, 2024, the Group's consolidated revenue decreased by approximately HK$95.2 million or 20.9% from HK$455.6 million to HK$360.4 million[19]. - The loss attributable to owners of the Company was HK$257.3 million, compared to a loss of HK$98.3 million in the previous year[19]. - The substantial decrease in gross profit of approximately HK$109.0 million was mainly due to a write-down of approximately HK$141.0 million for properties under development and properties for sale[19]. - The jewelry segment experienced a decline in revenue due to high inflation and interest rates reducing consumer confidence and purchasing power[19]. - The basic loss per share was HK$37.67 cents, compared to HK$14.39 cents in 2023[19]. - The overall weak economy has compounded the downward pressure on the Group's performance this year[19]. - The property segment faced challenges in purchasing power and the Hong Kong residential and commercial markets[19]. - The Group's operations necessitated a cautious approach to maintain sales momentum amid challenging economic conditions[19]. - The recognition of a loss of approximately HK$87.9 million arose from changes in the fair value of investment properties[19]. - Impairment losses in respect of goodwill, intangible assets, and right-of-use assets amounted to approximately HK$9.8 million[19]. Property Development and Investment - Rental income for the year amounted to approximately HK$22.3 million, an increase of HK$6.6 million from HK$15.7 million in 2023[22]. - The Group holds 75% interest in "One Continental," a 28-storey building with a gross floor area of approximately 86,970 sq.ft, and secured additional quality tenants in the first half of 2024[23]. - "Amber Place" residential development offers 42 units, with sales commencing in July 2024, and 29 units have entered into provisional sales agreements[23]. - The property market recovery is expected to be protracted due to high interest rates and current economic conditions, requiring stakeholders to prepare for a slow recovery phase[24]. - The management team will adopt a more cautious approach to investments and resource allocation, emphasizing thorough due diligence in the current uncertain environment[24]. Financial Position and Liquidity - As of 30 June 2024, the Group's gearing ratio was 0.3619, an increase from 0.3215 in 2023, indicating a rise in financial leverage[30]. - The cash and cash equivalents decreased to HK$49,156,000 (2023: HK$97,101,000), mainly due to finance costs and partial repayment of bank loans[31]. - Bank loans denominated in HK$ amounted to HK$1,024,440,000 (2023: HK$1,036,213,000), secured by various assets including property and equipment[33]. - The Group's total borrowings due to joint ventures and related companies were approximately HK$136,169,000 (2023: HK$122,007,000)[30]. - The Group has sufficient working capital to meet ongoing operational requirements despite the decrease in cash[31]. Corporate Governance and Management - The Company has adopted the Corporate Governance Code and complied with its provisions, except for deviations from C.2.1 and D.2.5[81]. - The Company does not have an internal audit function for the year ended 30 June 2024, but believes that the existing structure provides sufficient internal control and risk management[81]. - The Board comprises five Executive Directors and five Independent Non-executive Directors, with Independent Directors representing over one-third of the Board[82]. - The Company has complied with Listing Rules regarding the appointment of Independent Non-executive Directors, ensuring at least three are appointed and one possesses appropriate professional qualifications[84]. - The Company has established a Remuneration Committee with specific written terms of reference as required by the Code[99]. Share Options and Equity - The 2010 Share Option Scheme had 10,200,000 options outstanding as of June 30, 2024, following a share consolidation[38]. - The 2020 Share Option Scheme was adopted on December 22, 2020, following the expiration of the 2010 Share Option Scheme[37]. - As of June 30, 2024, a total of 13,200,000 share options (after Share Consolidation) have been granted to certain directors and employees at exercise prices of HK$1.38, HK$1.21, HK$2.45, HK$1.49, and HK$0.52[39]. - The total number of shares available for issue under the 2020 Share Option Scheme is 68,311,825 shares, representing 10% of the shares of the Company in issue as of September 25, 2024[57]. - The Company reported a net cash generated from investing activities of HK$5,757, a recovery from a cash outflow of HK$14,216 in 2023[186]. Risk Management and Compliance - The Group employs conservative strategies for financial risk management, keeping market risk at a minimum[60]. - The Company has implemented a Whistleblowing Policy to promote accountability and encourage reporting of misconduct[105]. - The Board has confirmed no significant weaknesses in the risk management and internal control systems as of June 30, 2024[104]. - The Group's risk management and internal control systems are evaluated on an ongoing basis, with systematic reviews based on risk assessments[104]. - The Company has adopted a policy to review its dividend policy periodically, ensuring it remains relevant to the business environment[115]. Environmental and Social Responsibility - The Group maintains high standards of operating practices and complies with stringent jewellery manufacturing standards as a certified member of the Responsible Jewellery Council[134]. - The Group has implemented several policies to encourage employees to save energy and paper, aiming to reduce resources and costs[133]. - The Group's environmental policies aim to promote resource saving and efficient energy use among employees[133]. - The management team actively participates in community service and holds various leadership roles in social organizations, reflecting the Group's commitment to corporate social responsibility[65]. - The Company has committed to fair employment practices and equal opportunities based on skills and abilities[112].