Major Events - Tianyue Advanced (02631) plans to globally offer 47.7457 million H-shares from August 11 to August 14 [1] - Hengrui Medicine (01276) has its injection drugs listed in the proposed breakthrough treatment varieties public notice [1] - Shoucheng Holdings (00697) invests in Southern Universal Data Center REIT and Southern Runze Technology Data Center REIT [1] - Boyaa Interactive (00434) is included in the MSCI Global Small Cap Index [1] Financial Performance - Yum China (09987) reports a net profit of $507 million, an increase of 1.6% year-on-year [1] - Master Kong Holdings (00322) announces a profit attributable to shareholders of 2.271 billion yuan, up 20.5% year-on-year [1] - Q Tech (01478) reports a profit of 308 million yuan, a significant increase of 167.59% year-on-year [1] - Hang Wan Technology (01523) announces a net profit of approximately $21.665 million, up about 13.4% year-on-year, with a dividend of 12.34 HK cents per share [1] - Ruipu Lanjun (00666) reports a gross profit of approximately 829 million yuan, a year-on-year growth of 177.8% [1] - Kingdee International (00268) sees a revenue increase of 11.24% to 3.192 billion yuan, with strong growth in cloud business [1] - Yuyuan Group (00551) reports a profit attributable to shareholders of $171 million, a decrease of 7.2% year-on-year [1] - Boyaa Interactive (00434) reports a profit attributable to shareholders of 226 million HKD, down 27.8% year-on-year [1] - Chongqing Machinery and Electric (02722) expects a net profit attributable to shareholders to increase by about 50% year-on-year [1] - Anton Oilfield Services (03337) anticipates a significant profit increase of 41.6% to 60.5% year-on-year [1] - Sany International (00631) expects a net profit of approximately 1.234 billion to 1.332 billion yuan, an increase of 25% to 35% year-on-year [1] - Datang Renewable (01798) reports a cumulative power generation of approximately 21.3563 million MWh in the first seven months, an increase of 11.75% year-on-year [1] - China Jinmao (00817) reports a cumulative contracted sales amount of 61.807 billion yuan in the first seven months, up 23.12% year-on-year [1] - New Town Development (01030) reports a cumulative contract sales amount of approximately 11.99 billion yuan in the first seven months, down 55.66% year-on-year [1] - Dongfeng Motor Group (00489) reports automobile sales of approximately 978,500 units in the first seven months, a decrease of about 8.9% year-on-year [1] - Hopson Development Holdings (00754) reports a total contracted sales amount of approximately 9.047 billion yuan in the first seven months, down 12.49% year-on-year [1] - Yuyuan Group (00551) reports a net operating income of approximately $667.5 million in July, a year-on-year decrease of 1.9% [1]

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company has shown a slight increase in revenue for the first half of 2025, with a year-on-year growth of 1.1%, while net profit attributable to the parent company decreased by 7.2% [2] - The company plans to invest approximately 23 billion Indian Rupees (around 27.6 million USD) to establish a production base in an economic zone in India, with preliminary construction already underway [2][3] - The company has a strong market position as a leading global sports shoe manufacturer, benefiting from vertical integration and a significant share of the global sports brand market [5] Summary by Sections Financial Performance - For the first half of 2025, the company's revenue and net profit attributable to the parent company were 406 million USD and 171 million USD, respectively, with a year-on-year growth of 1.1% and a decline of 7.2% [2] - The second quarter of 2025 saw revenue and net profit of 203.1 million USD and 95 million USD, with a year-on-year decline of 0.35% in revenue but a 13.02% increase in net profit [2] - The company plans to distribute a dividend of 0.4 HKD per share, resulting in a payout ratio of 47.77% and an annualized dividend yield of 6.4% [2] Manufacturing Insights - The manufacturing segment's revenue and net profit for the first half of 2025 were 279.8 million USD and 155 million USD, reflecting a year-on-year growth of 6.2% and a slight decline of 0.3% in net profit [3] - The manufacturing gross margin and net margin were 17.7% and 5.5%, respectively, with a year-on-year decrease of 1.4 and 0.4 percentage points [3] - The company has increased its workforce to 292,300 employees, a 5.5% year-on-year increase, with manufacturing staff growing by 6.6% [3] Retail Business Performance - The retail segment experienced a decline in revenue and net profit for the first half of 2025, with figures of 915.9 million CNY and 188 million CNY, representing a year-on-year decrease of 8.26% and 44% [4] - The number of direct-operated stores decreased by 1.16% year-on-year to 3,408, with a closure of 40 stores since the end of 2024 [4] - Despite challenges, the company reported a robust growth of 16% in omni-channel revenue, with live streaming sales increasing by over 100% [4] Investment Recommendations - The company is expected to face short-term order pressures due to tariffs and inflation, but medium-term growth is anticipated as production capacity is expanded and orders recover [5] - Revenue forecasts for 2025-2027 have been adjusted downwards to 8.218 billion USD, 8.546 billion USD, and 8.822 billion USD, respectively, with net profit forecasts revised to 373.67 million USD, 414.02 million USD, and 450.05 million USD [5][7] - The company maintains a favorable valuation with a projected PE ratio of 7, 6, and 6 for 2025-2027, supporting the "Buy" rating [5][7]

（於百慕達註冊成立之有限公司） 執行董事 獨立非執行董事 YUE YUEN INDUSTRIAL (HOLDINGS) LIMITED 裕 元 工 業（ 集 團 ）有 限 公 司 * （股份代號：00551） 董事名單與其角色和職能 董事會 裕元工業（集團）有限公司之董事會（「董事會」）成員載列如下： 盧金柱 （主席） 王克勤 蔡佩君 （董事總經理） 周維德 林學淵 林振鈿 楊茹惠 劉鴻志 鄒志明( 首席財務官 ) 何麗康 董事委員會 董事會轄下有三個委員會。下表提供董事會成員在這些委員會中所擔任的職位。 | | 委員會 | 審核及風險 | 薪酬委員會 | 提名委員會 | | --- | --- | --- | --- | --- | | 董事 | | 管理委員會 | | | | 蔡佩君 | | | | M | | 王克勤 | | C | C | | | 何麗康 | | M | M | C | | 林學淵 | | M | M | M | | 楊茹惠 | | M | M | | 附註： C ：有關委員會的主席 M：有關委員會的成員 * 僅供識別 香港，二零二五年八月十一日 ...

Group 1 - The company, Yue Yuen Industrial Holdings Limited (00551), announced a mid-term dividend of HKD 0.4 per share for the six months ending June 30, 2025, to be distributed on October 9, 2025 [1]

Core Insights - Yuanyuan Group (00551) reported a revenue of $4.06 billion for the six months ending June 30, 2025, representing a year-on-year increase of 1.1% [1] - The profit attributable to shareholders was $171 million, a decrease of 7.2% compared to the previous year [1] - Basic earnings per share were 10.67 cents, with an interim dividend proposed at 0.4 Hong Kong dollars per share [1] Revenue Breakdown - Revenue from footwear activities, including sports/outdoor shoes, casual shoes, and sports sandals, increased by 8.3% to $2.611 billion compared to the same period last year [1] - Footwear shipment volume rose by 5.0% to 127 million pairs [1] - The average selling price increased by 3.2% to $20.61 per pair, benefiting from a favorable order mix [1] Product Category Contribution - Sports/outdoor shoes accounted for 83.4% of the footwear manufacturing revenue [1] - Casual shoes and sports sandals contributed 16.6% to the footwear manufacturing revenue [1] - In terms of total revenue, sports/outdoor shoes represented 53.6%, while casual shoes and sports sandals accounted for 10.7% [1]

（於百慕達註冊成立之有限公司） （股份代號：00551） 執行董事、 首席財務官及授權代表之變更 董事會謹此宣佈以下變更，自二零二五年八月十一日舉行之董事會會議結束時生效： 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。 執行董事、首席財務官及授權代表之辭任 施志宏先生（「施先生」）因工作調動，已遞交辭任本公司之執行董事（「執行董事」）、 首席財務官（「首席財務官」）、根據香港聯合交易所有限公司證券上市規則（「上市 規則」）第 3.05 條所規定的授權代表及根據上市規則和香港法例第 622 章公司條例在 香港接受法律程序文件及通知（統稱 「授權代表」）之辭呈。施先生已確認彼與董事 會並無意見分歧，亦無有關其退任的其他事項須敦請本公司股東（「股東」）垂注。 董事會謹向施先生於其出任期間為本集團所作出之竭誠服務及寶貴貢獻致以衷心 感謝。 *僅 供 識 別 1 執行董事、首席財務官及授權代表之委任 鄒志明先生（「鄒先生」）已獲委任為執行董事、首席財務官及授 ...

Core Viewpoint - Yuanyuan Group (00551.HK) reported a slight increase in revenue but a decline in profit attributable to shareholders for the six months ending June 30, 2025 [1] Financial Performance - The group recorded a revenue of $4.0601 billion, representing a year-on-year increase of 1.1% [1] - Profit attributable to shareholders was $171.2 million, a decrease of 7.2% compared to the previous year [1] - Basic earnings per share were 10.67 cents, down from 11.44 cents in the same period last year [1] Business Segments - The manufacturing segment's profit attributable to shareholders was $155 million, remaining relatively stable compared to the previous year [1] - The profit attributable to shareholders from Baosheng decreased by 44.1% to RMB 187.6 million, impacted by a decline in sales volume [1] Dividend Declaration - The board of directors has resolved to declare an interim dividend of HKD 0.40 per share [1]

裕元工業（集團）有限公司（「本公司」）董事（「董事」）會（「董事會」） 於二零一一年十二月二十九日決議成立提名委員會（「委員會」），以及採納委員 會之職權範圍，該授權、責任及特定職責載列如下。 作用 委員會旨在協助董事會物色具備合適資格可擔任董事會成員的人士，定期檢討 董事會的架構、人數、組成及多元化，並就任何為配合本公司的企業策略擬作 出的變動向董事會提出建議。 成員 委員會成員應由董事會從董事中委任。委員會應由不少於三(3)名成員組成， 其中多數成員應為獨立非執行董事，並應符合及維持不時香港聯合交易所有限 公司（「聯交所」）證券上市規則第 3.13 條所規定的獨立性要求。委員會應至少 有一名不同性別的成員。 委員會主席由董事會委任，其應由董事會主席或獨立非執行董事出任（「委員會 主席」）。倘委員會主席缺席任何會議，則其餘與會成員應遴選一名成員（應為 董事會主席或獨立非執行董事）主持會議。委員會主席應負責領導委員會，包 括安排會議時間、準備會議議程及定時向董事會匯報。 (Incorporated in Bermuda with limited liability) (Stock Code: 00551) 提 ...

（股份代號：00551） 審核及風險管理委員會的 職權範圍 裕元工業（集團）有限公司（「本公司」，及其附屬公司，「本集團」） 的董事 （「董事」）會 （「董事會」） 於一九九九年一月二十八日決議成立審核委員 會（「委員會」），以及採納委員會之職權範圍。董事會於二零二五年八月十 一日決議重新命名委員會名稱為審核及風險管理委員會，其授權、職責及特定 職權載於下文。 成員 委員會成員由董事會委任，由不少於三(3)名成員組成，全部均為非執行董事， 其中至少一(1)名須為具備香港聯合交易所有限公司證券上市規則（「上市規 則」）第 3.10(2)條所規定的適當專業資格或具備適當會計或相關財務管理專長 的獨立非執行董事。委員會的大部份成員必須為獨立非執行董事，並應符合及 維持不時上市規則第 3.13 條所規定的獨立性要求。委員會主席（「主席」）應 由董事會委任，其應由獨立非執行董事出任。 本公司現有審計事務所的前任合夥人在以下停任日期起計兩(2)年內，不得擔任 委員會成員：(a) 該名人士終止成為該公司合夥人的日期；或 (b) 該名人士不再 享有該公司任何財務利益的日期，以較後者為準。 授權 （於百慕達註冊成立之有限公司） ...

EF001 免責聲明 | 其他信息 | | | --- | --- | | 其他信息 | 不適用 | | 發行人董事 | | | 執行董事： | | | | 盧金柱先生（主席）、蔡佩君女士（董事總經理）、周維德先生、林振鈿先生、劉鴻志先生及施志宏先生(首席財務官)。 | | 獨立非執行董事： | | 王克勤先生、何麗康先生、林學淵先生及楊茹惠博士。 第 2 頁 共 2 頁 v 1.1.1 | 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 公告全部或任何部份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。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 裕元工業（集團）有限公司 | | 股份代號 | 00551 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至二零二五年六月三十日止六個月之中期股息 | | 公告日期 | 2025年8月11日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期 ...