Core Viewpoint - Future World Holdings (00572) reported a significant increase in revenue and profit for the first half of 2025, indicating strong operational performance in its hotel and property management services [1] Financial Performance - The company achieved a revenue of HKD 58.254 million, representing a year-on-year growth of 146.9% [1] - Profit attributable to shareholders was HKD 17.703 million, reflecting a year-on-year increase of 35.3% [1] - Basic earnings per share were HKD 0.06 [1] Revenue Drivers - The increase in revenue was primarily driven by enhanced earnings from the group's hotel operations and supporting services, as well as property investment, management, and brokerage services [1]

Core Viewpoint - Future World Holdings (00572) reported a significant increase in revenue and profit for the first half of 2025, indicating strong operational performance in its hotel and property management services [1] Financial Performance - Revenue reached HKD 58.254 million, representing a year-on-year growth of 146.9% [1] - Profit attributable to owners amounted to HKD 17.703 million, reflecting a year-on-year increase of 35.3% [1] - Basic earnings per share were HKD 0.06 [1] Operational Drivers - The increase in revenue was primarily driven by enhanced earnings from the group's hotel operations and supporting services, as well as property investment, management, and brokerage services [1]

[Announcement Information](index=1&type=section&id=Announcement%20Information) [Disclaimer](index=1&type=section&id=Disclaimer) HKEX and HKSE disclaim responsibility for this announcement's content, accuracy, completeness, and any related losses - Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited are not responsible for the content of this announcement, make no statement as to its accuracy or completeness, and expressly disclaim any liability for any loss arising from or in reliance upon the whole or any part of the contents of this announcement[1](index=1&type=chunk) [Company Information and Reporting Period](index=1&type=section&id=Company%20Information%20and%20Reporting%20Period) FUTURE WORLD HOLDINGS LIMITED reports unaudited condensed consolidated interim results for the six months ended 30 June 2025 - Company Name: FUTURE WORLD HOLDINGS LIMITED, Stock Code: **572**[2](index=2&type=chunk) - Reporting Period: Unaudited condensed consolidated interim results for the six months ended **30 June 2025**[2](index=2&type=chunk)[3](index=3&type=chunk) [Condensed Consolidated Financial Statements](index=2&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) Revenue, net profit, and comprehensive income rose significantly, primarily from financial asset fair value gains and reduced credit loss provisions, despite increased investment property fair value losses Key Financial Performance Indicators | Indicator | Six Months Ended 30 June 2025 (HK$ Thousand) | Six Months Ended 30 June 2024 (HK$ Thousand) | Change | | :--- | :--- | :--- | :--- | | Revenue | 58,254 | 23,598 | **Increased 146.9%** | | Gross Profit | 25,557 | 14,729 | **Increased 73.5%** | | Operating Profit | 36,368 | 26,529 | **Increased 37.1%** | | Profit Before Income Tax | 16,550 | 17,325 | **Decreased 4.5%** | | Profit for the Period | 17,703 | 12,276 | **Increased 44.2%** | | Total Comprehensive Income for the Period | 22,537 | 7,081 | **Increased 218.3%** | | Profit for the Period Attributable to Owners of the Company | 17,703 | 13,089 | **Increased 35.2%** | | Basic Earnings Per Share Attributable to Owners of the Company | **HK$0.06** | **HK$0.06** | **Unchanged** | [Condensed Consolidated Statement of Financial Position](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of 30 June 2025, the company's total assets and net assets grew, non-current investment properties increased, current loans decreased, and current trade/other payables rose significantly Key Financial Position Indicators | Indicator | 30 June 2025 (HK$ Thousand) | 31 December 2024 (HK$ Thousand) | Change | | :--- | :--- | :--- | :--- | | **Non-current Assets** | | | | | Investment Properties | 1,091,585 | 971,414 | **Increased 12.4%** | | **Current Assets** | | | | | Loans and Interest Receivables | 130,034 | 163,831 | **Decreased 20.7%** | | Financial Assets at Fair Value Through Profit or Loss | 144,462 | 115,321 | **Increased 25.3%** | | Cash and Bank Balances | 57,144 | 99,275 | **Decreased 42.5%** | | **Current Liabilities** | | | | | Trade Payables, Accruals and Other Payables | 86,097 | 38,453 | **Increased 123.9%** | | Bank Borrowings | 182,304 | 217,368 | **Decreased 16.1%** | | **Net Assets** | 892,635 | 848,030 | **Increased 5.3%** | | **Total Equity** | 892,635 | 848,030 | **Increased 5.3%** | [Notes to the Condensed Consolidated Interim Financial Statements](index=6&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Interim%20Financial%20Statements) [1. General Information](index=6&type=section&id=1.%20General%20Information) The company, incorporated in the Cayman Islands and listed on the Main Board of HKEX, primarily engages in hotel operations, property investment and management, financing services, securities trading and investment, securities brokerage, and asset management services - The company is incorporated in the Cayman Islands, with its shares listed on the Main Board of The Stock Exchange of Hong Kong Limited[8](index=8&type=chunk) - The Group's principal activities include hotel operations, property investment management and agency, provision of financing services, securities trading and investment, securities brokerage business, and asset management services[8](index=8&type=chunk) [2. Basis of Preparation](index=6&type=section&id=2.%20Basis%20of%20Preparation) The interim financial statements are prepared in accordance with HKAS 34 and Appendix D2 of the Listing Rules, primarily on a historical cost basis, with investment properties and financial assets at fair value through profit or loss/other comprehensive income measured at fair value, and are unaudited - The interim financial statements are prepared in accordance with Hong Kong Accounting Standard 34 and Appendix D2 of the Listing Rules[11](index=11&type=chunk) - The statements are prepared primarily on a historical cost basis, except for investment properties, financial assets at fair value through profit or loss, and financial assets at fair value through other comprehensive income, which are measured at fair value[12](index=12&type=chunk) - The interim financial statements are unaudited[13](index=13&type=chunk) [3. Adoption of New and Revised Hong Kong Financial Reporting Standards](index=7&type=section&id=3.%20Adoption%20of%20New%20and%20Revised%20Hong%20Kong%20Financial%20Reporting%20Standards) During the period, the Group first applied amendments to HKFRSs issued by the HKICPA, which had no material impact on financial position or performance, while the Board assessed new standards issued but not yet effective, expecting some, like HKFRS 18, to affect future financial statement presentation [(a) Amendments to Hong Kong Financial Reporting Standards – Effective 1 January 2025](index=7&type=section&id=(a)%20Amendments%20to%20Hong%20Kong%20Financial%20Reporting%20Standards%20%E2%80%93%20Effective%201%20January%202025) - The Group first applied HKAS 21 (Amendments) "Lack of Exchangeability" during the period, which had no material impact on its financial position and performance[14](index=14&type=chunk) [(b) New and Revised Hong Kong Financial Reporting Standards Issued But Not Yet Effective](index=7&type=section&id=(b)%20New%20and%20Revised%20Hong%20Kong%20Financial%20Reporting%20Standards%20Issued%20But%20Not%20Yet%20Effective) - HKFRS 18 "Presentation and Disclosure in Financial Statements" will be effective for annual periods beginning on or after 1 January 2027, and is expected to impact the presentation of the condensed consolidated statement of profit or loss and other comprehensive income and future financial statement disclosures, with the Group currently assessing its impact[20](index=20&type=chunk)[21](index=21&type=chunk) - HKFRS 9 and HKFRS 7 (Amendments) "Classification and Measurement of Financial Instruments" will be effective for annual periods beginning on or after 1 January 2026, and are not expected to have a significant impact on the Group's financial position and performance[16](index=16&type=chunk)[19](index=19&type=chunk) [4. Revenue](index=9&type=section&id=4.%20Revenue) During the period, the Group's revenue significantly increased by **146.9%** to **HK$58,254 thousand**, primarily driven by substantial increases in income from hotel operations and related businesses, property agency services, and property management services Revenue by Source | Revenue Source | 2025 (HK$ Thousand) | 2024 (HK$ Thousand) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Food and Beverage and Other Services Income from Hotel Operations and Related Businesses | 21,209 | 10,203 | **Increased 107.9%** | | Commission Income from Property Agency Services | 9,788 | 4,066 | **Increased 140.7%** | | Hotel Room Rental and Hostel Cleaning Services Income from Hotel Operations and Related Businesses | 14,679 | – | **New** | | Income from Property Management Services | 3,962 | 1,284 | **Increased 208.6%** | | Management Fee Income from Asset Management Services | 1,626 | – | **New** | | Rental Income from Property Investment | 3,199 | 3,615 | **Decreased 11.5%** | | Interest Income from Provision of Financing Services | 3,791 | 4,430 | **Decreased 14.4%** | | **Total Revenue** | **58,254** | **23,598** | **Increased 146.9%** | [5. Segment Information](index=10&type=section&id=5.%20Segment%20Information) The Group's operating segments include hotel operations and related businesses, property investment management and agency services, provision of financing services, securities trading and investment, securities brokerage business, asset management services, and trading business and related services; asset management services were added this period, while high-tech business is no longer a separately reportable segment Segment Revenue and Financial Performance | Segment | 2025 Revenue (HK$ Thousand) | 2024 Revenue (HK$ Thousand) | 2025 Segment Financial Performance (HK$ Thousand) | 2024 Segment Financial Performance (HK$ Thousand) | | :--- | :--- | :--- | :--- | | Hotel Operations and Related Businesses | 35,888 | 10,203 | (7,348) | (1,318) | | Property Investment, Management and Agency Services | 16,949 | 8,965 | (42,295) | (18,251) | | Provision of Financing Services | 3,791 | 4,430 | 3,582 | 28,413 | | Securities Trading and Investment | – | – | 73,601 | (161) | | Securities Brokerage Business | – | – | (597) | (608) | | Asset Management Services | 1,626 | – | (147) | – | | Trading Business and Related Services | – | – | (28) | (57) | | High-tech Business | – | – | – | – | | **Total** | **58,254** | **23,598** | **26,796** | **7,990** | - Asset management services commenced during the period following the acquisition of a subsidiary and are considered a new operating and reportable segment[27](index=27&type=chunk) - High-tech business is no longer a separate operating and reportable segment after the disposal of a subsidiary[27](index=27&type=chunk) Segment Assets and Liabilities | Segment | 2025 Assets (HK$ Thousand) | 2024 Assets (HK$ Thousand) | 2025 Liabilities (HK$ Thousand) | 2024 Liabilities (HK$ Thousand) | | :--- | :--- | :--- | :--- | | Hotel Operations and Related Businesses | 198,001 | 197,529 | 138,391 | 133,864 | | Property Investment, Management and Agency Services | 1,138,922 | 1,011,795 | 496,109 | 458,112 | | Provision of Financing Services | 135,802 | 203,710 | – | – | | Securities Trading and Investment | 160,385 | 88,077 | 83,934 | 116,029 | | Securities Brokerage Business | 4,750 | 4,348 | 85 | – | | Asset Management Services | 2,895 | – | 724 | – | | Trading Business and Related Services | 1,085 | 1,063 | 334 | 1,828 | | High-tech Business | – | 436 | – | 2,236 | | **Total Segment Assets** | **1,641,840** | **1,506,958** | **719,577** | **712,069** | | Unallocated Corporate Assets/Liabilities | 81,544 | 160,575 | 111,172 | 107,434 | | **Consolidated Assets/Liabilities** | **1,723,384** | **1,667,533** | **830,749** | **819,503** | [6. Finance Costs](index=11&type=section&id=6.%20Finance%20Costs) Finance costs for the period significantly increased to **HK$19,818 thousand**, primarily due to substantial growth in interest expenses on other borrowings, lease liabilities, and a loan from a director Finance Costs Breakdown | Finance Cost Item | 2025 (HK$ Thousand) | 2024 (HK$ Thousand) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Interest Expense on Bank Borrowings | 3,521 | 6,457 | **Decreased 45.4%** | | Interest Expense on Other Borrowings | 11,717 | 841 | **Increased 1293.2%** | | Interest Expense on Lease Liabilities | 1,005 | 46 | **Increased 2084.8%** | | Interest Expense on Promissory Notes | 223 | – | **New** | | Interest Expense on Loan from a Director | 2,013 | – | **New** | | **Total Finance Costs** | **19,818** | **9,204** | **Increased 115.3%** | [7. Profit Before Income Tax](index=12&type=section&id=7.%20Profit%20Before%20Income%20Tax) Profit before income tax is arrived at after deducting various expenses such as staff costs, depreciation, cost of inventories, and operating expenses for investment properties, with total staff costs significantly increasing during the period Selected Expenses | Item | 2025 (HK$ Thousand) | 2024 (HK$ Thousand) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Total Staff Costs | 20,130 | 4,051 | **Increased 396.9%** | | Cost of Inventories Recognized as Expense | 19,830 | 8,869 | **Increased 123.6%** | | Depreciation of Property, Plant and Equipment | 5,902 | 1,200 | **Increased 391.8%** | | Depreciation of Right-of-Use Assets | 1,599 | 1,378 | **Increased 16.0%** | [8. Income Tax (Credit) / Expense](index=12&type=section&id=8.%20Income%20Tax%20(Credit)%20%2F%20Expense) Income tax for the period shifted from an expense to a credit, primarily due to a deferred tax credit, with the Group's Chinese subsidiaries accruing enterprise income tax at a 25% rate, while no Hong Kong profits tax was provided due to the absence of assessable profits Income Tax (Credit) / Expense Breakdown | Item | 2025 (HK$ Thousand) | 2024 (HK$ Thousand) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | China Enterprise Income Tax | 1,736 | 1,019 | **Increased 70.4%** | | Deferred Tax | (2,889) | 4,030 | **Shifted from expense to credit** | | **Income Tax (Credit) / Expense** | **(1,153)** | **5,049** | **Shifted from expense to credit** | - No provision for Hong Kong profits tax was made as no assessable profits arose in Hong Kong[32](index=32&type=chunk) - Provision for enterprise income tax for Chinese subsidiaries is calculated at a rate of **25%**[32](index=32&type=chunk) [9. Dividends](index=13&type=section&id=9.%20Dividends) The Board of Directors does not recommend the payment of any dividend for the current period - The Board of Directors does not recommend the payment of any dividend for the six months ended 30 June 2025[33](index=33&type=chunk) [10. Earnings Per Share](index=13&type=section&id=10.%20Earnings%20Per%20Share) Basic earnings per share attributable to owners of the company remained at **HK$0.06** for the period, consistent with the prior year, as the increase in profit was offset by a corresponding increase in the weighted average number of ordinary shares, and diluted earnings per share were the same as basic earnings per share due to the absence of dilutive potential ordinary shares Earnings Per Share Calculation | Indicator | 2025 (HK$ Thousand / Thousand Shares) | 2024 (HK$ Thousand / Thousand Shares) | | :--- | :--- | :--- | | Profit for the Period Attributable to Owners of the Company | 17,703 | 13,089 | | Weighted Average Number of Ordinary Shares | 283,325 | 232,191 | | **Basic Earnings Per Share** | **HK$0.06** | **HK$0.06** | - Diluted earnings per share are the same as basic earnings per share because there were no dilutive potential ordinary shares outstanding or to be issued for the six months ended 30 June 2025 and 30 June 2024[35](index=35&type=chunk) [11. Movements in Property, Plant and Equipment, Right-of-Use Assets and Investment Properties](index=13&type=section&id=11.%20Movements%20in%20Property,%20Plant%20and%20Equipment,%20Right-of-Use%20Assets%20and%20Investment%20Properties) During the period, the Group made additions to property, plant and equipment, right-of-use assets, and investment properties, with a significant increase in investment property additions primarily through subsidiary acquisitions and property transfers from a director; fair value losses on investment properties expanded, and some investment properties are pledged Additions to Assets | Asset Type | 2025 Additions (HK$ Thousand) | 2024 Additions (HK$ Thousand) | | :--- | :--- | :--- | | Property, Plant and Equipment | 849 | 2,691 | | Right-of-Use Assets | 292 | 327 | | Investment Properties | 146,851 | 103,033 | - Investment property additions include approximately **HK$54,769 thousand** from the acquisition of a subsidiary and approximately **HK$88,000 thousand** from the transfer of property from a director[37](index=37&type=chunk) - Fair value losses on investment properties expanded to **HK$38,572 thousand** (2024: HK$17,106 thousand)[38](index=38&type=chunk) - As of 30 June 2025, investment properties with a carrying amount of approximately **HK$549,000 thousand** were pledged as collateral for bank borrowings and other borrowings[39](index=39&type=chunk)[54](index=54&type=chunk) [12. Financial Assets at Fair Value Through Other Comprehensive Income](index=14&type=section&id=12.%20Financial%20Assets%20at%20Fair%20Value%20Through%20Other%20Comprehensive%20Income) As of 30 June 2025, financial assets at fair value through other comprehensive income primarily consisted of Hong Kong listed equity securities, showing a slight increase in market value, with some assets pledged Financial Assets at Fair Value Through Other Comprehensive Income | Item | 30 June 2025 (HK$ Thousand) | 31 December 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Hong Kong Listed Equity Securities | 10,406 | 9,909 | - As of 30 June 2025, financial assets at fair value through other comprehensive income with a carrying amount of approximately **HK$3,590 thousand** were pledged as collateral for other borrowings granted to the Group[42](index=42&type=chunk) [13. Financial Assets at Fair Value Through Profit or Loss](index=15&type=section&id=13.%20Financial%20Assets%20at%20Fair%20Value%20Through%20Profit%20or%20Loss) As of 30 June 2025, financial assets at fair value through profit or loss, primarily Hong Kong listed equity securities, increased to a total of **HK$144,462 thousand**, generating a fair value gain of **HK$58,639 thousand** for the period, following the redemption of an unlisted Cayman Islands investment fund Financial Assets at Fair Value Through Profit or Loss | Item | 30 June 2025 (HK$ Thousand) | 31 December 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Hong Kong Listed Equity Securities | 144,032 | 76,233 | | Cayman Islands Unlisted Investment Fund | – | 38,720 | | China Financial Products | 430 | 368 | | **Total** | **144,462** | **115,321** | - Fair value changes resulted in a gain of **HK$58,639 thousand** for the period[43](index=43&type=chunk) - The Cayman Fund was redeemed for a consideration of approximately **HK$22,892 thousand** during the period[45](index=45&type=chunk) [14. Loans and Interest Receivables](index=16&type=section&id=14.%20Loans%20and%20Interest%20Receivables) As of 30 June 2025, total loans and interest receivables decreased to **HK$130,034 thousand**, primarily from the money lending business, with the loan to "Xiaoyu" remaining the largest portion, secured by shares of a Hong Kong listed company, and some receivables transferred to a director Loans and Interest Receivables | Item | 30 June 2025 (HK$ Thousand) | 31 December 2024 (HK$ Thousand) | | :--- | :--- | :--- | | From Money Lending Business (net of provision) | 130,034 | 154,011 | | Bills Receivable (net of provision) | – | 9,820 | | **Total** | **130,034** | **163,831** | - Loans receivable from "Xiaoyu" (net of provision) amounted to approximately **HK$94,277 thousand**, secured by shares of a Hong Kong listed company with a fair value of approximately **HK$1,035,239 thousand**[46](index=46&type=chunk) - Certain loans and interest receivables totaling approximately **HK$13,571 thousand** were transferred to one of the Company's directors[46](index=46&type=chunk) - As of 30 June 2025, the credit loss provision for loans and interest receivables was approximately **HK$17,050 thousand**, with an additional provision of **HK$198 thousand** recognized during the period[103](index=103&type=chunk)[106](index=106&type=chunk) [15. Trade and Other Receivables](index=17&type=section&id=15.%20Trade%20and%20Other%20Receivables) As of 30 June 2025, net trade receivables decreased, while net other receivables significantly increased, primarily due to growth in deposits and prepayments, and a reversal of credit loss provision for trade receivables was recognized during the period Trade and Other Receivables | Item | 30 June 2025 (HK$ Thousand) | 31 December 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Net Trade Receivables | 8,763 | 11,864 | | Other Receivables | 30,377 | 8,793 | | Deposits and Prepayments | 21,912 | 2,237 | | Other Recoverable Taxes | 12,276 | 12,351 | | **Total** | **73,328** | **35,245** | - A reversal of credit loss provision for trade receivables of **HK$1,469 thousand** was recognized in the consolidated statement of profit or loss during the period[50](index=50&type=chunk) - The balance of other receivables primarily includes approximately **HK$3,281 thousand** in gross rental income receivable related to investment properties in China[50](index=50&type=chunk) [16. Trade Payables, Accruals and Other Payables](index=19&type=section&id=16.%20Trade%20Payables,%20Accruals%20and%20Other%20Payables) As of 30 June 2025, total trade payables, accruals, and other payables significantly increased to **HK$86,097 thousand**, primarily driven by substantial growth in other payables and rental income received in advance Trade Payables, Accruals and Other Payables | Item | 30 June 2025 (HK$ Thousand) | 31 December 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Trade Payables | 5,073 | 4,651 | | Other Payables | 67,856 | 19,798 | | Accruals | 3,549 | 8,993 | | Rental Income Received in Advance | 3,744 | 933 | | **Total** | **86,097** | **38,453** | - Approximately **HK$2,857 thousand** of other payables represent borrowings from independent third parties, bearing interest at an annual rate of **3%**[52](index=52&type=chunk) [17. Bank Borrowings](index=20&type=section&id=17.%20Bank%20Borrowings) As of 30 June 2025, total bank borrowings decreased to **HK$182,304 thousand**, with the majority being long-term, secured by investment properties and bearing floating interest rates Bank Borrowings by Repayment Term | Repayment Term | 30 June 2025 (HK$ Thousand) | 31 December 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Within One Year | 10,088 | 40,089 | | Over One Year, But Less Than Two Years | 10,382 | 10,406 | | Over Two Years, But Less Than Five Years | 33,116 | 33,243 | | Over Five Years | 128,718 | 133,630 | | **Total** | **182,304** | **217,368** | - Bank borrowings are secured by investment properties with a carrying amount of approximately **HK$549,000 thousand**[54](index=54&type=chunk) [18. Other Borrowings](index=21&type=section&id=18.%20Other%20Borrowings) As of 30 June 2025, total other borrowings increased to **HK$399,661 thousand**, with most classified as non-current liabilities, and these borrowings are secured by investment properties and financial assets at fair value through other comprehensive income Other Borrowings | Item | 30 June 2025 (HK$ Thousand) | 31 December 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Current Liabilities | 92,931 | 87,653 | | Non-current Liabilities | 306,730 | 293,784 | | **Total** | **399,661** | **381,437** | - Other borrowings are secured by investment properties with a carrying amount of approximately **HK$246,000 thousand** and equity investments at fair value through other comprehensive income of approximately **HK$3,590 thousand**[55](index=55&type=chunk) [19. Promissory Notes](index=21&type=section&id=19.%20Promissory%20Notes) During the period, the Group issued new promissory notes to settle part of the consideration for asset acquisitions and repaid some existing promissory notes by issuing shares, resulting in a gain on early redemption - The Group issued promissory notes with a principal amount of **HK$15,778 thousand** to settle part of the consideration for the acquisition of assets as described in note 23(b), maturing on 31 March 2028 and bearing interest at an annual rate of **5%**[56](index=56&type=chunk) - Promissory notes with a principal amount of **HK$13,600 thousand** were settled by issuing **23,188,310 shares** of the Company with a fair value of approximately **HK$11,594 thousand**, resulting in a gain on early redemption of approximately **HK$2,319 thousand**[56](index=56&type=chunk) [20. Bonds Payable](index=22&type=section&id=20.%20Bonds%20Payable) During the period, the Group partially repaid bonds payable and extended their maturity date to 4 July 2025; after the reporting period, the remaining bonds payable were fully repaid - The Group partially repaid bonds payable amounting to approximately **HK$22,890 thousand** during the period[58](index=58&type=chunk) - After the reporting period, the remaining outstanding bonds payable of approximately **HK$23,363 thousand** were repaid on 16 July 2025[58](index=58&type=chunk) [21. Amount Due from a Director and Loan from a Director](index=22&type=section&id=21.%20Amount%20Due%20from%20a%20Director%20and%20Loan%20from%20a%20Director) As of 30 June 2025, the net amount due from a director (Mr. Lai Long Wai) was **HK$1,137 thousand**, primarily offset by property acquisition and receivable transfers, while the Group also obtained loans from Mr. Lai, mostly interest-free long-term loans Amounts Due from/to a Director | Item | 30 June 2025 (HK$ Thousand) | 31 December 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Amount Due from Mr. Lai Long Wai | 1,137 | 65,746 | | Loan from Mr. Lai (Total) | 74,669 | 70,608 | | - Non-current Liabilities | 52,779 | 49,324 | | - Current Liabilities | 21,890 | 21,284 | - The amount due from Mr. Lai was a net of **HK$1,137 thousand** after offsetting property acquisition (**HK$88,000 thousand**) and transfer of receivables (**HK$23,391 thousand**)[59](index=59&type=chunk) - Mr. Lai provided interest-free loans totaling approximately **HK$73,430 thousand** to the Group, maturing on 31 December 2029[60](index=60&type=chunk) [22. Share Capital](index=23&type=section&id=22.%20Share%20Capital) As of 30 June 2025, the company's issued ordinary shares increased to **301,507,892 shares**, primarily due to the allotment and issuance of new shares to settle promissory notes and acquire subsidiaries Share Capital Movements | Date | Number of Ordinary Shares (Thousand Shares) | Amount (HK$ Thousand) | | :--- | :--- | :--- | | 1 January 2024 | 232,190,982 | 92,876 | | Shares Issued (2024) | 21,700,000 | 8,680 | | 31 December 2024 and 1 January 2025 | 253,890,982 | 101,556 | | Shares Issued (H1 2025) | 47,616,910 | 19,047 | | **30 June 2025** | **301,507,892** | **120,603** | - In the first half of 2025, **47,616,910 ordinary shares** were issued to settle promissory notes and acquire subsidiaries[61](index=61&type=chunk) [23. Acquisition of Subsidiaries](index=24&type=section&id=23.%20Acquisition%20of%20Subsidiaries) During the period, the Group completed the acquisitions of Top Smart Fund Management Limited and Aspire Holding Limited, with Top Smart aiming to expand asset management services and Aspire Holding to extend property management services and diversify the property investment portfolio [(a) Acquisition of Assets Through Acquisition of a Subsidiary – Top Smart Fund Management Limited ("Top Smart")](index=24&type=section&id=(a)%20Acquisition%20of%20Assets%20Through%20Acquisition%20of%20a%20Subsidiary%20%E2%80%93%20Top%20Smart%20Fund%20Management%20Limited%20(%22Top%20Smart%22)) - The acquisition of the entire equity interest in Top Smart was completed on 28 January 2025 for a consideration of **HK$2,000 thousand** (**HK$1,000 thousand** in cash and **HK$1,000 thousand** by issuing shares)[62](index=62&type=chunk)[63](index=63&type=chunk) - Top Smart and its subsidiaries engage in Type 9 (asset management) regulated activities, and this acquisition provides a platform for the Group to expand its asset management services in Hong Kong[63](index=63&type=chunk) Fair Value of Identifiable Net Assets Acquired (Top Smart) | Item | Fair Value (HK$ Thousand) | | :--- | :--- | | Total Identifiable Net Assets | 972 | | Goodwill | 842 | | **Total Consideration to be Settled** | **1,814** | [(b) Acquisition of Assets Through Acquisition of a Subsidiary – Aspire Holding Limited ("Aspire Holding")](index=25&type=section&id=(b)%20Acquisition%20of%20Assets%20Through%20Acquisition%20of%20a%20Subsidiary%20%E2%80%93%20Aspire%20Holding%20Limited%20(%22Aspire%20Holding%22)) - The acquisition of the entire equity interest and shareholder loans in Aspire Holding was completed on 1 April 2025 for a total consideration of **HK$27,738 thousand**, paid by issuing shares and promissory notes[66](index=66&type=chunk)[67](index=67&type=chunk) - Aspire Holding holds two properties in Shenzhen, China, and this acquisition is considered an asset acquisition aimed at expanding property management services and diversifying the China property investment portfolio[67](index=67&type=chunk) Fair Value of Identifiable Net Assets Acquired (Aspire Holding) | Item | Fair Value (HK$ Thousand) | | :--- | :--- | | Investment Properties | 54,769 | | Net Liabilities Acquired by the Group | (1,333) | | Add: Transferred Shareholder Loans | 26,771 | | **Total Consideration to be Settled** | **25,438** | [24. Disposal of a Subsidiary](index=26&type=section&id=24.%20Disposal%20of%20a%20Subsidiary) During the period, the Group disposed of its entire equity interest in Jiangsu Weilai Dongnan Technology Co., Ltd., a wholly-owned subsidiary, for a cash consideration of **HK$1**, recognizing a gain on disposal of **HK$1,970 thousand** - The disposal of the entire equity interest in Jiangsu Weilai Dongnan Technology Co., Ltd., a wholly-owned subsidiary, was completed on 13 June 2025 for a cash consideration of **HK$1**[69](index=69&type=chunk) - A gain on disposal of a subsidiary of **HK$1,970 thousand** and a release of exchange reserve of **HK$568 thousand** were recognized[69](index=69&type=chunk) [25. Events After the Reporting Period](index=26&type=section&id=25.%20Events%20After%20the%20Reporting%20Period) After the reporting period, the Group redeemed all its corporate bond investments - On 11 July 2025, the Group redeemed all its corporate bond investments, totaling approximately **HK$23,713 thousand**, including a principal amount of **HK$20,000 thousand** and accrued interest of approximately **HK$3,713 thousand**[70](index=70&type=chunk) [Management Discussion and Analysis](index=27&type=section&id=Management%20Discussion%20and%20Analysis) [Financial Performance](index=27&type=section&id=Financial%20Performance) During the period, the Group's revenue significantly increased by **146.9%** to **HK$58,254 thousand**, and net profit attributable to owners of the company rose to **HK$17,703 thousand**, primarily driven by increased revenue, reversal of credit loss provision for corporate bonds, and fair value gains on financial assets, partially offset by expanded fair value losses on investment properties - Revenue for the period was **HK$58,254 thousand**, representing a **146.9% increase** from **HK$23,598 thousand** in the prior period[71](index=71&type=chunk) - Net profit attributable to owners of the company was approximately **HK$17,703 thousand** (prior period: HK$13,089 thousand)[72](index=72&type=chunk) - The increase in net profit was primarily attributable to increased revenue, a reversal of credit loss provision for corporate bond investments of **HK$8,000 thousand**, and an increase in fair value of financial assets at fair value through profit or loss of approximately **HK$58,600 thousand**[72](index=72&type=chunk) - Fair value losses on investment properties amounted to approximately **HK$38,600 thousand** (prior period: approximately HK$17,100 thousand)[72](index=72&type=chunk) [Business Review](index=27&type=section&id=Business%20Review) The Group's businesses encompass property investment, hotel operations, securities trading and investment, financing services, securities brokerage, and asset management, having expanded its presence in the hotel and property sectors through acquisitions and launched its asset management business during the period [Property Investment, Management and Agency](index=28&type=section&id=Property%20Investment,%20Management%20and%20Agency) - As of 30 June 2025, the Group's investment property portfolio had a market value of approximately **HK$1,091,585 thousand**, covering residential and commercial properties in various cities in Hong Kong and China[74](index=74&type=chunk)[75](index=75&type=chunk) - The acquisition of Aspire Holding Limited, which owns and manages two properties in Shenzhen, China, was completed during the period[76](index=76&type=chunk) - Rental income of approximately **HK$3,199 thousand** (prior period: HK$3,615 thousand) and fair value losses on investment properties of approximately **HK$38,572 thousand** were recorded during the period[77](index=77&type=chunk) - Property agency services commission income was **HK$9,788 thousand** (2024: HK$4,066 thousand) and property management services income was **HK$3,962 thousand** (2024: HK$1,284 thousand)[77](index=77&type=chunk) [Hotel Operations and Related Businesses](index=30&type=section&id=Hotel%20Operations%20and%20Related%20Businesses) - The Group operates and manages Hampton by Hilton Changzhi Luzhou and Junting Hotel Ronghuitong, and provides food and beverage and cleaning services[78](index=78&type=chunk) - The segment recorded revenue of approximately **HK$35,888 thousand** (prior period: HK$10,203 thousand) and a segment loss of approximately **HK$7,348 thousand** (prior period: HK$1,318 thousand) during the period[78](index=78&type=chunk) [Securities Trading and Investment Business](index=30&type=section&id=Securities%20Trading%20and%20Investment%20Business) - The Group's securities trading portfolio includes equity securities of seven companies listed on the Stock Exchange of Hong Kong, primarily classified as financial assets at fair value through other comprehensive income or at fair value through profit or loss[79](index=79&type=chunk)[80](index=80&type=chunk) Securities Trading and Investment Portfolio | Classification | 2025 Market Value (HK$ Thousand) | 31 December 2024 Market Value (HK$ Thousand) | Fair Value Gain/(Loss) for the Period (HK$ Thousand) | | :--- | :--- | :--- | :--- | | At Fair Value Through Other Comprehensive Income | 10,406 | 9,909 | 497 | | At Fair Value Through Profit or Loss | 144,462 | 115,321 | 58,639 | | **Total** | **154,868** | **125,230** | **59,136** | [Performance and Prospects of Major Investee Companies](index=31&type=section&id=Performance%20and%20Prospects%20of%20Major%20Investee%20Companies) [Shankao Holdings Group](index=31&type=section&id=Shankao%20Holdings%20Group) - Shankao Holdings Group's revenue increased by **11.7%** to **HK$5,580.9 million** in FY2024, with profit after tax increasing by **39.9%** to **HK$692.8 million**[83](index=83&type=chunk) - As of 30 June 2025, the closing price was **HK$15.84** (31 December 2024: HK$6.49)[83](index=83&type=chunk) [Shanghai Optics](index=32&type=section&id=Shanghai%20Optics) - Shanghai Optics Group's revenue increased by **11.1%** to **RMB1,084.2 million** in the first half of 2025, with profit after tax increasing by **30.7%** to **RMB272.9 million**[84](index=84&type=chunk) - As of 30 June 2025, the closing price was **HK$37.4** (31 December 2024: HK$24.90)[85](index=85&type=chunk) [Provision of Financing Services](index=32&type=section&id=Provision%20of%20Financing%20Services) - The Group provides secured and unsecured loan financing services through its wholly-owned subsidiary, World Finance, primarily to Hong Kong listed companies and merchants engaged in property investment[86](index=86&type=chunk)[87](index=87&type=chunk) - Interest income from the money lending business for the period was approximately **HK$3,791 thousand**, a **14.4% decrease** from the prior period[88](index=88&type=chunk) - As of 30 June 2025, total loans and interest receivables amounted to **HK$147,084 thousand**, with loans granted to five borrowers at annual interest rates ranging from **5.0% to 7.7%**[89](index=89&type=chunk) Top 5 Borrowers by Loans and Interest Receivables | Rank | Borrower | Carrying Amount of Loans and Interest Receivables (HK$ Million) | Percentage of Total (%) | | :--- | :--- | :--- | :--- | | 1. | Corporate Borrower A | 94.3 | 72.5 | | 2. | Individual Borrower A | 17.1 | 13.1 | | 3. | Individual Borrower C | 10.1 | 7.8 | | 4. | Individual Borrower B | 8.5 | 6.6 | | 5. | Corporate Borrower B | – | – | - The Group has adopted a credit policy and procedures manual providing clear guidelines for credit assessment and loan granting, and regularly assesses borrowers' repayment ability and default risk[97](index=97&type=chunk)[102](index=102&type=chunk) - As of 30 June 2025, the credit loss provision for loans and interest receivables was approximately **HK$17,050 thousand**, with an additional provision of **HK$198 thousand** recognized during the period[103](index=103&type=chunk)[106](index=106&type=chunk) [Securities Brokerage Business](index=39&type=section&id=Securities%20Brokerage%20Business) - The Group conducts securities brokerage business through Future World Securities, engaging in Type 1 (dealing in securities) and Type 4 (advising on securities) regulated activities[107](index=107&type=chunk) - No revenue was generated from securities brokerage business during the period, and a loss of approximately **HK$597 thousand** (prior period: HK$608 thousand) was recorded[107](index=107&type=chunk) [Asset Management](index=39&type=section&id=Asset%20Management) - The Group completed the acquisition of Top Smart Investment Holdings on 28 January 2025, holding the entire equity interest in Top Smart Fund Management, which engages in Type 9 (asset management) regulated activities[108](index=108&type=chunk) - As of 30 June 2025, Top Smart Fund Management had approximately **HK$208,900 thousand** in assets under management[108](index=108&type=chunk) - The asset management segment generated revenue of approximately **HK$1,626 thousand** and recorded a segment loss of approximately **HK$147 thousand** during the period[108](index=108&type=chunk) [Liquidity, Financial Resources and Capital](index=40&type=section&id=Liquidity,%20Financial%20Resources%20and%20Capital) As of 30 June 2025, the Group's cash and bank balances decreased, total borrowings slightly declined, and the gearing ratio improved, while the current ratio slightly decreased Liquidity and Financial Ratios | Indicator | 30 June 2025 (HK$ Thousand) | 31 December 2024 (HK$ Thousand) | Change | | :--- | :--- | :--- | :--- | | Cash and Bank Balances | 57,144 | 99,275 | **Decreased 42.5%** | | Total Borrowings | 695,904 | 728,157 | **Decreased 4.4%** | | Gearing Ratio | **77.96%** | **85.86%** | **Improved** | | Net Assets | 892,635 | 848,030 | **Increased 5.3%** | | Total Current Assets | 430,801 | 495,388 | **Decreased 13.0%** | | Total Current Liabilities | 417,408 | 436,277 | **Decreased 4.3%** | | Current Ratio | **1.03** | **1.14** | **Decreased** | | Finance Costs | 19,818 | 9,204 | **Increased 115.3%** | [Pledge of Assets](index=41&type=section&id=Pledge%20of%20Assets) As of 30 June 2025, the Group had pledged investment properties and certain financial assets as collateral for bank borrowings and other borrowings - Investment properties with a carrying amount of **HK$549,000 thousand** were pledged as collateral for bank borrowings[113](index=113&type=chunk) - Investment properties with a carrying amount of **HK$246,000 thousand** and equity investments at fair value through other comprehensive income of approximately **HK$3,590 thousand** were pledged as collateral for other borrowings[113](index=113&type=chunk) [Treasury Policy](index=41&type=section&id=Treasury%20Policy) The Group adopts a prudent treasury policy, with the Board closely managing risks and ensuring sufficient financial resources to support business activities - The Group adopts a prudent treasury policy, with the Board closely managing business-related risks and ensuring sufficient financial resources[114](index=114&type=chunk) [Capital Structure](index=41&type=section&id=Capital%20Structure) As of 30 June 2025, the company's issued ordinary shares increased to **301,507,892 shares**, primarily used to settle promissory notes and acquire subsidiaries - As of 30 June 2025, the company had **301,507,892 issued ordinary shares** (31 December 2024: 253,890,982 shares)[115](index=115&type=chunk) - A total of **47,616,910 ordinary shares** were allotted during the period to settle promissory notes and acquire Aspire Holding and Top Smart Investment Holdings Limited[115](index=115&type=chunk) [Foreign Exchange Management](index=41&type=section&id=Foreign%20Exchange%20Management) The Group's foreign currency risk is minimal as most business transactions, assets, and liabilities are denominated in Hong Kong dollars; currently, no foreign currency hedging policy is in place, but it will be closely monitored, and hedging considered if necessary - The Group's foreign currency risk is minimal, as most business transactions, assets, and liabilities are denominated in Hong Kong dollars[116](index=116&type=chunk) - No foreign currency hedging policy is currently in place, but it will be closely monitored, and hedging considered if necessary[116](index=116&type=chunk) [Significant Acquisitions and Disposals](index=42&type=section&id=Significant%20Acquisitions%20and%20Disposals) During the period, the Group completed a property acquisition and receivable transfer, as well as the acquisition of Aspire Holding [Acquisition of Property and Transfer of Receivables](index=42&type=section&id=Acquisition%20of%20Property%20and%20Transfer%20of%20Receivables) - The acquisition of the property at Flat B, 28th Floor, Scenic Garden, 20 Lyttelton Road, Hong Kong, for a consideration of **HK$88,000 thousand**, and the transfer of certain receivables of **HK$23,391 thousand**, were completed on 30 June 2025[117](index=117&type=chunk)[118](index=118&type=chunk) [Acquisition of Aspire Holding](index=42&type=section&id=Acquisition%20of%20Aspire%20Holding) - An agreement was entered into on 27 February 2025 to acquire the entire equity interest and shareholder loans in Aspire Holding for considerations of **HK$1,142 thousand** and **HK$26,596 thousand**, respectively[119](index=119&type=chunk) [Future Plans for Material Investments and Capital Assets](index=42&type=section&id=Future%20Plans%20for%20Material%20Investments%20and%20Capital%20Assets) Other than what is disclosed in this announcement, the Group had no future plans for material investments and capital assets as of 30 June 2025 - Other than what is disclosed in this announcement, the Group had no future plans for material investments and capital assets as of 30 June 2025[120](index=120&type=chunk) [Material Investments Held](index=42&type=section&id=Material%20Investments%20Held) Other than what is disclosed in this announcement, the Group had no other material investments requiring disclosure during the period - Other than what is disclosed in this announcement, the Group had no other material investments requiring disclosure during the period[121](index=121&type=chunk) [Litigation and Contingent Liabilities](index=42&type=section&id=Litigation%20and%20Contingent%20Liabilities) As of 30 June 2025, the Group had no material litigation or contingent liabilities - As of 30 June 2025, the Group had no material litigation or contingent liabilities[122](index=122&type=chunk) [Events After Reporting Period](index=43&type=section&id=Events%20After%20Reporting%20Period) Other than what is disclosed in Note 25 to the Condensed Consolidated Interim Financial Statements, there were no other significant events after the period - Other than what is disclosed in Note 25 to the Condensed Consolidated Interim Financial Statements, there were no other significant events after the period[123](index=123&type=chunk) [Employees and Remuneration Policy](index=43&type=section&id=Employees%20and%20Remuneration%20Policy) As of 30 June 2025, the Group had **594 employees**, with total staff costs significantly increasing, and remuneration policy based on industry practice and individual performance - As of 30 June 2025, the Group had **594 employees** in Hong Kong and China (31 December 2024: 597 employees)[124](index=124&type=chunk) - Total staff costs (including directors' and chief executive's emoluments) for the period were approximately **HK$10,183 thousand** (2024: HK$4,051 thousand)[124](index=124&type=chunk) [Interim Dividends](index=43&type=section&id=Interim%20Dividends) The Board of Directors has resolved not to declare any interim dividend for the current period - The Board of Directors has resolved not to declare any interim dividend for the current period[125](index=125&type=chunk) [Prospects](index=43&type=section&id=Prospects) The Group maintains cautious optimism regarding the hotel and property market prospects, anticipating recovery in domestic tourism and first- and second-tier city real estate markets, with asset management business synergies accelerating its transformation into a comprehensive financial services provider, committed to diversifying revenue streams for sustainable growth - The Group has significantly expanded its hotel presence in Shanxi through the operation of two hotels, expecting increased occupancy rates in second-tier city hotels[126](index=126&type=chunk) - Through subsidiary acquisitions, the property investment portfolio has expanded to key regions in China, and the Group will continue to explore opportunities for stable rental income and capital appreciation[127](index=127&type=chunk) - Government stimulus measures and accommodative monetary policies are expected to support China's real estate sector, while Hong Kong's luxury residential prices are stabilizing, and the leasing market remains competitive[127](index=127&type=chunk)[128](index=128&type=chunk) - The acquisition of Top Smart Investment Holdings is expected to generate synergies with existing securities and financial services businesses, accelerating the Group's transformation into a comprehensive financial services provider in Hong Kong[129](index=129&type=chunk) [Standard Code for Securities Transactions by Directors](index=44&type=section&id=Standard%20Code%20for%20Securities%20Transactions%20by%20Directors) The company has adopted the Standard Code for Securities Transactions by Directors as set out in Appendix C3 of the Listing Rules, and directors have confirmed compliance throughout the period - The company has adopted the Standard Code for Securities Transactions by Directors as set out in Appendix C3 of the Listing Rules, and directors have confirmed compliance throughout the period[130](index=130&type=chunk) [Corporate Governance](index=44&type=section&id=Corporate%20Governance) The Board is committed to maintaining high standards of corporate governance practices and confirms compliance with the code provisions of the Corporate Governance Code throughout the period - The Board is committed to maintaining high standards of corporate governance practices and confirms compliance with the code provisions of the Corporate Governance Code throughout the period[131](index=131&type=chunk) [Purchase, Sale or Redemption of Listed Securities](index=44&type=section&id=Purchase,%20Sale%20or%20Redemption%20of%20Listed%20Securities) Neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities during the period - Neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities during the period[132](index=132&type=chunk) [Audit Committee](index=45&type=section&id=Audit%20Committee) The Audit Committee has reviewed the unaudited interim results for the period - The Audit Committee has reviewed the unaudited interim results for the period in accordance with the relevant code provisions of the Listing Rules[133](index=133&type=chunk) [By Order of the Board](index=45&type=section&id=By%20Order%20of%20the%20Board) The Board of Directors comprises five executive directors and three independent non-executive directors - The Board of Directors comprises five executive directors (Ms. Wang Qian, Mr. Liang Jian, Mr. Yu Qingrui, Mr. Su Wei and Mr. Lai Long Wai) and three independent non-executive directors (Mr. He Yi, Mr. Guo Yaoli and Mr. Huang Zhengzhong)[134](index=134&type=chunk)

Group 1 - The company, Future World Holdings (00572.HK), announced that it will hold a board meeting on August 28, 2025, to consider and approve the interim results for the six months ending June 30, 2025 [1] - The board meeting will also consider the distribution of an interim dividend, if any [1]

董事會會議召開日期 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 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 的 任 何 損 失 承 擔 任 何 責 任。 FUTURE WORLD HOLDINGS LIMITED 未來世界控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：572） 未 來 世 界 控 股 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 宣 佈，本 公 司 將 於 二 零 二 五 年 八 月 二 十 八 日（星 期 四）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 六 個 月 之 中 期 業 績，並 考 慮 派 發 中 期 股 息（如 有）。 承董事會命 未來世界控股有限公司 主 席 王 茜 香 港，二 零 二 五 年 八 月 十 三 日 於 本 公 告 日 期，董 事 ...

Group 1: Government Policies and Initiatives - The State Council issued an opinion to gradually promote free preschool education, starting from the fall semester of 2025, exempting public kindergarten fees for the last year of preschool education [2] - The People's Bank of China and other departments released guidelines to support new industrialization, focusing on providing long-term financing for key manufacturing sectors like integrated circuits [2][3] - A joint action plan was launched by the National Health Commission and 16 departments to promote a healthy environment in China, aiming for improved drinking water quality and health literacy by 2030 [3] Group 2: Company News and Developments - Haite Development is planning to acquire the controlling stake in Zhixueyun Technology through a cash transaction, with details on price and share percentage still under negotiation [5] - Anker Detection announced a change in its controlling shareholder to Xirui Technology, with the actual controller becoming non-existent, and the stock will resume trading on August 6 [6] - Guizhou Province's market supervision authority held discussions with major travel platforms to address pricing irregularities and ensure compliance with market regulations [3] Group 3: Industry Trends and Insights - The China Chamber of Commerce for Import and Export of Mechanical and Electrical Products issued an initiative against unfair competition in the photovoltaic industry, urging companies to adhere to fair competition principles and focus on quality over quantity [4] - Citic Securities highlighted the importance of the new innovation cycle, particularly in AI, suggesting investment in AI applications and computing power sectors [9] - CICC noted the trend towards lightweight humanoid robots, emphasizing material and structural optimization as key areas for development [9]

Group 1: Corporate Changes and Developments - Anke Detection's controlling shareholder has changed to Xirui Technology, with the stock resuming trading on August 6, 2025 [1] - Ruoyuchen is planning to issue H-shares and apply for listing on the main board of the Hong Kong Stock Exchange [4] - Daodaquan's controlling shareholder's concerted actor plans to increase its shareholding by 50 million to 100 million yuan [12] Group 2: Financial Performance and Dividend Proposals - Siwei Liekong reported a revenue of 689.19 million yuan for the first half of 2025, a year-on-year increase of 23.35%, and a net profit of 303.55 million yuan, up 59.76%, proposing a cash dividend of 2.10 yuan per share [2] - Zhongchong Co. reported a revenue of 2.432 billion yuan, a 24.32% increase, and a net profit of 203 million yuan, up 42.56%, proposing a cash dividend of 2.00 yuan per 10 shares [2] - Jiuzhou Pharmaceutical reported a revenue of 2.87 billion yuan, a 3.86% increase, and a net profit of 525.83 million yuan, up 10.70%, proposing a cash dividend of 2.00 yuan per 10 shares [2] - Jiahu Energy reported a revenue of 5.01 billion yuan, an 8.31% increase, and a net profit of 580.59 million yuan, up 9.64%, proposing a cash dividend of 2.00 yuan per 10 shares [3] - Haiguang Information reported a revenue of 5.46 billion yuan, a 45.21% increase, and a net profit of 1.20 billion yuan, up 40.78% [5] - Dongmu Co. reported a revenue of 2.93 billion yuan, a 24.51% increase, and a net profit of 260.91 million yuan, up 37.61% [5] - Niuwei Co. reported a total revenue of 340.43 million yuan, a 19.96% increase, and a net profit of 63.68 million yuan, up 30.47% [5] Group 3: Capital Raising and Investments - Haoen Automotive plans to raise no more than 1.105 billion yuan through a private placement for expansion and R&D projects [6] - Shandong Haihua plans to invest 2.32 billion yuan to acquire a 29% stake in Zhongyan (Inner Mongolia) Alkali Industry [9] Group 4: Stock Buybacks and Adjustments - Maiwei Bio plans to adjust its stock buyback price limit from 35.00 yuan to 48.00 yuan per share due to stock price fluctuations [7]

Market Overview - The Shanghai Composite Index returned above 3600 points with a market turnover of 1.62 trillion yuan, an increase of over 90 billion yuan compared to the previous day [1] - More than 3900 stocks closed higher, with 70 stocks hitting the daily limit [1] Sector Performance - The top-performing sectors included military equipment restructuring, PEEK materials, brain-computer interfaces, and high-speed copper cable connections [1] - Conversely, sectors such as Huawei's Pangu and generic drug consistency evaluation saw significant declines [2] Institutional Ratings - A total of 30 buy ratings were issued by institutions today, covering 28 stocks, with Oriental Yuhong and SAIC Motor receiving two buy ratings each [3] - Among the stocks rated, four showed an upside potential exceeding 20%, with Kangyuan Pharmaceutical having the highest potential at 41.48% [3][5] - The automotive sector was the most favored, with seven stocks including SAIC Motor and Yutong Bus receiving buy ratings [3] Institutional Net Buying and Selling - Institutions net bought 12 stocks and net sold 14 stocks, with Dongjie Intelligent leading net purchases at 209 million yuan [6][7] - The top net selling stock was Anglikang, with a net sell of 116 million yuan [6][8] Significant Announcements - Anke Detection announced a change in its controlling shareholder to Xirui Technology, with stock resuming trading on August 6, 2025 [10] - Daodaquan's controlling shareholder plans to increase its stake by 50 to 100 million yuan [10] - Huisheng Biological plans to invest 170 million yuan in upgrading its veterinary raw material production line [11] - Junwei Electronics intends to acquire 100% of Flat Electronics Co., Ltd. for 2.6 billion yen [12] - Jinlei Co., Ltd. reported that its high-end transmission equipment industrial park project has entered the debugging phase as scheduled [13]

Group 1 - The controlling shareholder of Anche Detection will change to Xirui Technology, and the actual controller will become non-existent after the completion of the equity change [2][4][8] - Xirui Technology plans to acquire 6.43% of Anche Detection's shares from the current controlling shareholder, He Xian Ning, as part of the first phase of the share transfer [4][8] - After the completion of the first phase, He Xian Ning will delegate voting rights of an additional 13.57% of shares to Xirui Technology [7][8] Group 2 - Anche Detection focuses on the vehicle inspection industry and is one of the few companies capable of providing both vehicle inspection systems and network supervision systems [9] - The company aims to extend its industrial chain and optimize its revenue structure through acquisitions and the establishment of new inspection stations [9] - Prior to the suspension of trading, Anche Detection's stock price had surged over 11%, closing at 26.01 yuan per share, with a total market value of 6 billion yuan [11]

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: 未來世界控股有限公司 呈交日期: 2025年8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) | 00572 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 623,700,000 | HKD | | | 0.4 HKD | | 249,480,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 623,700,000 | HKD | | | 0.4 HKD | | 249,480,000 | | 2. 股份分類 | 優先 ...