Group 1 - The company, Great Wall Holdings (00583.HK), reported a revenue of HKD 58.215 million for the six months ending June 30, 2025, representing a year-on-year decrease of 4.5% [1] - The loss attributable to the company's owners was HKD 280 million, compared to a profit of HKD 4.518 million in the same period last year [1] - The basic loss per share was HKD 0.1786 [1]

Group 1 - The company, Great Wall Holdings (00583), reported a mid-year performance for 2025 with revenue of HKD 58.215 million, representing a year-on-year decrease of 4.48% [1] - The company experienced a shareholder loss of HKD 280 million, a significant shift from a profit of HKD 4.518 million in the same period last year, indicating a transition from profit to loss [1] - The basic loss per share was reported at HKD 0.1786 [1]

Group 1 - The company, Great Wall Holdings (00583), reported a mid-year performance for 2025 with revenue of HKD 58.215 million, representing a year-on-year decrease of 4.48% [1] - The company experienced a shareholder loss of HKD 280 million, contrasting with a profit of HKD 4.518 million in the same period last year, indicating a significant shift from profit to loss [1] - The basic loss per share was reported at HKD 0.1786 [1]

[Interim Results Announcement](index=1&type=section&id=%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE%E5%85%AC%E5%91%8A) This section presents the condensed consolidated interim financial statements, including the statement of financial position and comprehensive income for the period [Condensed Consolidated Statement of Financial Position](index=1&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B3%87%E7%94%A2%E8%B2%A0%E5%82%B5%E8%A1%A8) As of June 30, 2025, the Group's total assets were HK$9,483,707 thousand, a slight decrease from December 31, 2024, with net current liabilities of HK$5,550,428 thousand primarily due to increased loans from an intermediate holding company Changes in Total Assets and Liabilities | Metric | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | Change (HK$ thousand) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Total Assets | 9,483,707 | 9,635,754 | (152,047) | -1.58% | | Non-current Assets | 9,207,180 | 9,398,872 | (191,692) | -2.04% | | Current Assets | 276,527 | 236,882 | 39,645 | 16.74% | | Total Liabilities | 5,846,349 | 5,718,346 | 127,993 | 2.24% | | Non-current Liabilities | 19,394 | 19,759 | (365) | -1.85% | | Current Liabilities | 5,826,955 | 5,698,587 | 128,368 | 2.25% | | Total Equity | 3,637,358 | 3,917,408 | (280,050) | -7.15% | - As of June 30, 2025, the Group's **net current liabilities** amounted to **HK$5,550,428 thousand**, primarily comprising loans from an intermediate holding company of **HK$5,610,000 thousand**[9](index=9&type=chunk) [Condensed Consolidated Statement of Comprehensive Income](index=4&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) For the six months ended June 30, 2025, the Group reported a loss of HK$280,050 thousand, compared to a profit of HK$4,518 thousand in the prior period, resulting in a basic loss per share of HK17.86 cents Key Financial Performance (For the six months ended June 30) | Metric | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Change (HK$ thousand) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Revenue | 58,215 | 60,948 | (2,733) | -4.48% | | Operating (Loss)/Profit | (64,357) | 115,274 | (179,631) | -155.83% | | Net Finance Costs | (142,103) | (173,113) | 31,010 | -17.91% | | Share of (Losses)/Profits of an Associate | (70,766) | 64,866 | (135,632) | -209.10% | | (Loss)/Profit for the Period | (280,050) | 4,518 | (284,568) | -6300.09% | | Basic (Loss)/Earnings Per Share (HK cents) | (17.86) | 0.29 | (18.15) | -6258.62% | - The **loss for the period** was primarily attributable to **fair value loss on investment properties** and **share of loss of an associate**[46](index=46&type=chunk) [Notes to the Condensed Consolidated Interim Financial Information](index=6&type=section&id=%E4%B8%AD%E6%9C%9F%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E8%B3%87%E6%96%99%E9%99%84%E8%A8%BB) This section details the accounting policies, segment information, and financial instrument specifics underlying the condensed consolidated interim financial information [Basis of Preparation and Accounting Policies](index=6&type=section&id=1.%20%E7%B7%A8%E8%A3%BD%E5%9F%BA%E6%BA%96%E5%8F%8A%E6%9C%83%E8%A8%88%E6%94%BF%E7%AD%96) The interim financial information is prepared in accordance with HKAS 34 and the Listing Rules, with consistent accounting policies, except for the adoption of revised HKFRSs effective January 1, 2025, and management assesses the Group as a going concern despite net current liabilities - The interim financial information is prepared in accordance with **Hong Kong Accounting Standard 34** and the **Listing Rules** issued by the Hong Kong Institute of Certified Public Accountants[8](index=8&type=chunk) - For the six months ended June 30, 2025, the Group recorded a **loss of HK$280,050,000** and had **net current liabilities of HK$5,550,428,000**, yet the Board believes the Group has sufficient working capital for continued operation[9](index=9&type=chunk)[10](index=10&type=chunk) - Revised **Hong Kong Financial Reporting Standards** effective for annual periods beginning on or after January 1, 2025, have been adopted, with no significant financial impact[10](index=10&type=chunk)[11](index=11&type=chunk) [Revenue and Segment Information](index=8&type=section&id=2.%20%E6%94%B6%E7%9B%8A%E5%8F%8A%E5%88%86%E9%83%A8%E8%B3%87%E6%96%99) The Group primarily operates in property investment and financial services segments, with total revenue of HK$58,215 thousand for the six months ended June 30, 2025, entirely from property investment, while the financial services segment generated no revenue, and the property investment segment recorded a net loss of HK$89,422 thousand, contrasting with a net profit of HK$43 thousand from financial services Segment Revenue (For the six months ended June 30) | Segment | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Property Investment | 58,215 | 60,948 | | Financial Services | – | – | | **Total** | **58,215** | **60,948** | Net (Loss)/Profit from Reportable Segments (For the six months ended June 30) | Segment | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Property Investment | (89,422) | 86,310 | | Financial Services | 43 | (6,177) | | **Total** | **(89,379)** | **80,133** | - The **financial services segment** is licensed for **Type 9 (asset management) regulated activities** but generated no revenue[12](index=12&type=chunk) - The **loss for the period of HK$280,050 thousand** includes a **share of loss from an associate of HK$70,766 thousand** and **finance costs of HK$122,946 thousand** incurred for financing the associate[16](index=16&type=chunk) [Property, Plant and Equipment](index=11&type=section&id=3.%20%E7%89%A9%E6%A5%AD%E3%80%81%E6%A9%9F%E5%99%A8%E5%8F%8A%E8%A8%AD%E5%82%99) As of June 30, 2025, the net book value of property, plant and equipment was HK$492,264 thousand, a decrease from HK$503,650 thousand on January 1, 2025, primarily due to depreciation and property transfers Changes in Net Book Value of Property, Plant and Equipment | Metric | January 1, 2025 (HK$ thousand) | June 30, 2025 (HK$ thousand) | Change (HK$ thousand) | | :--- | :--- | :--- | :--- | | Net Book Value | 503,650 | 492,264 | (11,386) | - **Depreciation expense** amounted to **HK$2,877 thousand**[17](index=17&type=chunk) - During the period, **HK$239,400 thousand** was transferred from investment properties, and **HK$247,909 thousand** was transferred to investment properties[17](index=17&type=chunk) [Investment Properties](index=12&type=section&id=4.%20%E6%8A%95%E8%B3%87%E7%89%A9%E6%A5%AD) As of June 30, 2025, the carrying value of investment properties decreased to HK$3,378,300 thousand from HK$3,469,900 thousand on December 31, 2024, primarily due to a recognized fair value loss of HK$88,839 thousand, with valuation based on income capitalization method using rental and capitalization rates as key assumptions Changes in Carrying Value of Investment Properties | Metric | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | Change (HK$ thousand) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Carrying Value | 3,378,300 | 3,469,900 | (91,600) | -2.64% | - For the six months ended June 30, 2025, a **fair value loss of HK$88,839 thousand** was recognized (Year ended December 31, 2024: fair value gain of HK$131,648 thousand)[18](index=18&type=chunk) - Valuation uses the **income capitalization method**, with **rental rates decreasing** (e.g., retail shops from HK$63.9 to HK$62.0 per square foot, office buildings from HK$55.0-71.0 to HK$44.0-70.0 per square foot), while **capitalization rates remained between 2.00% and 5.00%**[18](index=18&type=chunk)[19](index=19&type=chunk) - **Investment properties with a value of HK$2,108,000 thousand** have been pledged as collateral for bank financing[19](index=19&type=chunk) [Investment in an Associate](index=13&type=section&id=5.%20%E6%8A%95%E8%B3%87%E6%96%BC%E8%81%AF%E7%87%9F%E5%85%AC%E5%8F%B8%E4%B9%8B%E6%8A%95%E8%B3%87) As of June 30, 2025, the carrying value of the investment in associate Everwell City Limited decreased to HK$5,336,512 thousand from HK$5,425,218 thousand on December 31, 2024, with the Group's share of loss from the associate being HK$70,766 thousand, compared to a profit of HK$64,666 thousand in the prior period Changes in Carrying Value of Investment in an Associate | Metric | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | Change (HK$ thousand) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Carrying Value of Investment | 5,336,512 | 5,425,218 | (88,706) | -1.64% | - For the six months ended June 30, 2025, the Group's **share of loss from the associate (Everwell City Limited) was HK$70,766 thousand** (2024: profit of HK$64,666 thousand)[20](index=20&type=chunk)[23](index=23&type=chunk) - Everwell City Limited's summary statement of comprehensive income shows a **loss of HK$236,961 thousand** for the six months ended June 30, 2025, compared to a profit of HK$215,774 thousand in the prior period[23](index=23&type=chunk) [Amounts Due from an Intermediate Holding Company](index=15&type=section&id=6.%20%E6%87%89%E6%94%B6%E4%B8%AD%E9%96%93%E6%8E%A7%E8%82%A1%E5%85%AC%E5%8F%B8%E4%B9%8B%E6%AC%BE%E9%A0%85) As of June 30, 2025, amounts due from China Great Wall Asset (International) Holdings Company Limited, an intermediate holding company, significantly increased to HK$5,133 thousand from HK$162 thousand on December 31, 2024, primarily comprising rental income and deposits Amounts Due from an Intermediate Holding Company | Date | Amount (HK$ thousand) | | :--- | :--- | | June 30, 2025 | 5,133 | | December 31, 2024 | 162 | - These amounts are **unsecured, interest-free, and repayable on demand**[25](index=25&type=chunk) [Trade Receivables](index=15&type=section&id=7.%20%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85) As of June 30, 2025, total trade receivables decreased to HK$3,997 thousand from HK$4,531 thousand on December 31, 2024, with receivables overdue less than thirty days accounting for the largest portion at 54.9% Ageing Analysis of Trade Receivables (June 30, 2025) | Ageing | Balance (HK$ thousand) | Percentage (%) | | :--- | :--- | :--- | | Current | 791 | 19.6 | | Overdue less than 30 days | 2,219 | 54.9 | | Overdue 31 to 60 days | 680 | 16.8 | | Overdue 61 to 90 days | 108 | 2.7 | | Overdue more than 90 days | 242 | 6.0 | | **Total** | **4,040** | **100.0** | - **Impairment allowance increased** from **HK$23 thousand** on December 31, 2024, to **HK$43 thousand** on June 30, 2025[26](index=26&type=chunk) [Prepayments, Deposits and Other Receivables](index=16&type=section&id=8.%20%E9%A0%90%E4%BB%98%E8%B2%BB%E7%94%A8%E3%80%81%E6%8C%89%E9%87%91%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85) As of June 30, 2025, prepayments, deposits, and other receivables totaled HK$7,111 thousand, a decrease from HK$10,502 thousand on December 31, 2024, primarily comprising utility and management fee deposits of HK$3,872 thousand and rent-free receivables of HK$3,239 thousand Prepayments, Deposits and Other Receivables | Item | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Utility and Management Fee Deposits | 3,872 | 3,782 | | Rent-free Receivables | 3,239 | 6,720 | | **Total** | **7,111** | **10,502** | [Bank Borrowings](index=16&type=section&id=9.%20%E9%8A%80%E8%A1%8C%E5%80%9F%E8%B2%B8) As of June 30, 2025, the Group had no bank borrowings, compared to HK$849,457 thousand on December 31, 2024, as the loan was fully repaid in May 2025, while HK$850,000 thousand of unutilized bank facilities remains available Bank Borrowing Status | Date | Amount (HK$ thousand) | | :--- | :--- | | June 30, 2025 | – | | December 31, 2024 | 849,457 | - In May 2025, the **bank loan with an annual interest rate of HIBOR plus 1.2%** was fully repaid[29](index=29&type=chunk) - As of June 30, 2025, the Group had **HK$850,000 thousand of unutilized bank facilities** available, with investment properties and bank deposits pledged as collateral[29](index=29&type=chunk) [Loans from an Intermediate Holding Company](index=17&type=section&id=10.%20%E4%BE%86%E8%87%AA%E4%B8%AD%E9%96%93%E6%8E%A7%E8%82%A1%E5%85%AC%E5%8F%B8%E4%B9%8B%E8%B2%B8%E6%AC%BE) As of June 30, 2025, total loans from an intermediate holding company increased to HK$5,610,000 thousand from HK$4,760,000 thousand on December 31, 2024, including a new HK$900,000 thousand one-year term loan, of which HK$850,000 thousand was used to repay bank borrowings Changes in Loans from an Intermediate Holding Company | Date | Amount (HK$ thousand) | | :--- | :--- | | June 30, 2025 | 5,610,000 | | December 31, 2024 | 4,760,000 | - In November 2024, an agreement was reached with Great Wall International to **amend and restructure term loan facilities** with a principal amount of **HK$4,760,000 thousand** for one year at an annual interest rate of **HIBOR plus 2%**[30](index=30&type=chunk) - In May 2025, Great Wall International provided a **new HK$900,000 thousand one-year term loan facility** at an annual interest rate of **HIBOR plus 1.4%**, with **HK$850,000 thousand** used to repay bank borrowings[30](index=30&type=chunk) [Other Payables and Accruals](index=17&type=section&id=11.%20%E5%85%B6%E4%BB%96%E6%87%89%E4%BB%98%E6%AC%BE%E9%A0%85%E5%8F%8A%E6%87%89%E8%A8%88%E8%B2%A0%E5%82%B5) As of June 30, 2025, total other payables and accruals significantly increased to HK$209,156 thousand from HK$86,044 thousand on December 31, 2024, primarily due to a substantial rise in interest payable Changes in Other Payables and Accruals | Item | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | Change (HK$ thousand) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Interest Payable | 165,936 | 42,232 | 123,704 | 292.92% | | Rental Deposits Received | 24,231 | 26,171 | (1,940) | -7.41% | | Other Payables and Accrued Expenses | 13,205 | 13,585 | (380) | -2.80% | | Rent Received in Advance | 4,666 | 2,458 | 2,208 | 89.83% | | Others | 1,118 | 1,598 | (480) | -30.04% | | **Total** | **209,156** | **86,044** | **123,112** | **143.08%** | [Share Capital](index=18&type=section&id=12.%20%E8%82%A1%E6%9C%AC) As of June 30, 2025, the Company's authorized share capital was HK$500,000 thousand, with issued and fully paid share capital of HK$156,775 thousand, comprising 1,567,745,596 shares, unchanged from December 31, 2024 Share Capital Structure | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Authorized Share Capital (HK$ thousand) | 500,000 | 500,000 | | Issued and Fully Paid Share Capital (HK$ thousand) | 156,775 | 156,775 | | Number of Issued Shares | 1,567,745,596 | 1,567,745,596 | [Other Reserves](index=18&type=section&id=13.%20%E5%85%B6%E4%BB%96%E5%84%B2%E5%82%99) As of June 30, 2025, total other reserves amounted to HK$333,445 thousand, consistent with the January 1, 2025 balance, primarily composed of asset revaluation reserve and exchange fluctuation reserve Changes in Other Reserves | Item | January 1, 2025 (HK$ thousand) | June 30, 2025 (HK$ thousand) | | :--- | :--- | :--- | | Asset Revaluation Reserve | 334,065 | 334,065 | | Exchange Fluctuation Reserve | (620) | (620) | | **Total** | **333,445** | **333,445** | [Net Finance Costs](index=19&type=section&id=14.%20%E8%B2%A1%E5%8B%99%E6%88%90%E6%9C%AC%E6%B7%A8%E9%A1%8D) For the six months ended June 30, 2025, net finance costs decreased to HK$142,103 thousand from HK$173,113 thousand in the prior period, primarily due to reduced interest expense on loans from an intermediate holding company Net Finance Costs (For the six months ended June 30) | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Change (HK$ thousand) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Interest expense on loans from an intermediate holding company | 125,884 | 170,816 | (44,932) | -26.30% | | Interest expense on bank borrowings | 18,194 | 4,108 | 14,086 | 342.90% | | Bank interest income | (1,975) | (1,811) | (164) | 9.06% | | **Total** | **142,103** | **173,113** | **(31,010)** | **-17.91%** | [Income Tax Expense](index=19&type=section&id=15.%20%E6%89%80%E5%BE%97%E7%A8%85%E9%96%8B%E6%94%AF) For the six months ended June 30, 2025, income tax expense increased to HK$2,824 thousand from HK$2,509 thousand in the prior period, with the Hong Kong Profits Tax rate remaining at 16.5% Income Tax Expense (For the six months ended June 30) | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Change (HK$ thousand) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Current income tax (Hong Kong Profits Tax) | 2,822 | 2,505 | 317 | 12.65% | | Deferred income tax (Deferred tax expense) | 2 | 4 | (2) | -50.00% | | **Total** | **2,824** | **2,509** | **315** | **12.55%** | - Hong Kong Profits Tax is provided at a rate of **16.5%** (2024: 16.5%) on the estimated assessable profit for the period[37](index=37&type=chunk) [Earnings Per Share](index=21&type=section&id=16.%20%E6%AF%8F%E8%82%A1%E7%9B%88%E5%88%A9) For the six months ended June 30, 2025, basic loss per share was HK17.86 cents, compared to basic earnings per share of HK0.29 cents in the prior period, with diluted earnings per share being the same as basic due to no potential dilutive ordinary shares (Loss)/Earnings Per Share (For the six months ended June 30) | Metric | 2025 (HK cents) | 2024 (HK cents) | Change (HK cents) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Basic | (17.86) | 0.29 | (18.15) | -6258.62% | | Diluted | (17.86) | 0.29 | (18.15) | -6258.62% | - Earnings per share is calculated based on the **weighted average of 1,567,745,596 issued shares** during the period[41](index=41&type=chunk) [Dividends](index=21&type=section&id=17.%20%E8%82%A1%E6%81%AF) The Board resolved not to declare any interim dividend for the six months ended June 30, 2025, nor to recommend any final dividend for the year ended December 31, 2024 - The Board resolved **not to declare any interim dividend** for the six months ended June 30, 2025[42](index=42&type=chunk) - The Board resolved **not to recommend any final dividend** for the year ended December 31, 2024[43](index=43&type=chunk) [Management Discussion and Analysis](index=22&type=section&id=%E7%AE%A1%E7%90%86%E5%B1%A4%E8%A8%8E%E8%AB%96%E5%8F%8A%E5%88%86%E6%9E%90) This section provides a comprehensive review of the Group's financial performance, business operations, liquidity, and future outlook [Operating Results of the Group](index=22&type=section&id=%E6%9C%AC%E9%9B%86%E5%9C%98%E4%B9%8B%E7%B6%93%E7%87%9F%E6%A5%AD%E7%B8%BE) For the six months ended June 30, 2025, the Group reported a loss of HK$280.1 million, a reversal from profit, primarily due to a fair value loss on investment properties of HK$88.8 million and a share of loss from an associate of HK$70.8 million, resulting in a loss per share of HK17.9 cents Consolidated Operating Results (For the six months ended June 30) | Metric (HK$ million, except percentages and per share amounts) | 2025 | 2024 | Percentage Change | | :--- | :--- | :--- | :--- | | Revenue | 58.2 | 60.9 | (4.4%) | | Operating (Loss)/Profit | (64.4) | 115.3 | ** | | Net Finance Costs | (142.1) | (173.1) | (17.9%) | | Share of (Losses)/Profits of an Associate | (70.8) | 64.8 | ** | | (Loss)/Profit for the Period | (280.1) | 4.5 | ** | | (Loss)/Earnings Per Share (HK cents) | (17.9) | 0.3 | ** | - The **loss** was primarily driven by a **fair value loss on investment properties of HK$88.8 million** (prior period: gain of HK$78.8 million) and a **share of loss from an associate of HK$70.8 million** (prior period: profit of HK$64.8 million)[46](index=46&type=chunk) [Business Review](index=23&type=section&id=%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7) The Group primarily operates in property investment and financial services segments; property investment revenue slightly decreased but remained stable in a challenging economic environment, while the financial services segment generated no revenue, but the Group continues to explore development opportunities - The Group primarily engages in **two segments: property investment and financial services**[47](index=47&type=chunk) [Property Investment Segment](index=23&type=section&id=%E7%89%A9%E6%A5%AD%E6%8A%95%E8%B3%87%E5%88%86%E9%83%A8) The property investment segment experienced a slight revenue decrease and a fair value loss on investment properties, reflecting challenges in the Hong Kong real estate market, yet maintains a diversified portfolio - **Property investment segment revenue** was **HK$58.2 million**, representing a **4.4% year-on-year decrease**[49](index=49&type=chunk) - A **fair value loss on investment properties of HK$88.8 million** (prior period: gain of HK$78.8 million) reflects the challenges in the Hong Kong real estate market[50](index=50&type=chunk) - The Group holds a **diversified investment property portfolio**, including Kwai Fong Plaza, Bank of America Tower in Central, Discovery Building in Causeway Bay, Ko Fai Industrial Building in Yau Tong, and certain floors of Seaview Building in North Point[47](index=47&type=chunk) [Financial Services Segment](index=25&type=section&id=%E9%87%91%E8%9E%8D%E6%9C%8D%E5%8B%99%E5%88%86%E9%83%A8) The financial services segment is licensed for Type 9 regulated activities (asset management services) but generated no revenue during the period - The **financial services segment** is licensed by the SFC to conduct **Type 9 regulated activities (asset management services)**[52](index=52&type=chunk) - **No revenue** was generated in this period[52](index=52&type=chunk) [Revenue](index=25&type=section&id=%E6%94%B6%E7%9B%8A) For the six months ended June 30, 2025, the Group's total revenue was HK$58.2 million, a 4.4% decrease from HK$60.9 million in the prior period, entirely derived from the property investment segment Total Revenue (For the six months ended June 30) | Segment (HK$ million, except percentages) | 2025 | 2024 | Percentage Change | | :--- | :--- | :--- | :--- | | Property Investment | 58.2 | 60.9 | (4.4%) | | Financial Services | – | – | – | | **Total Revenue** | **58.2** | **60.9** | **(4.4%)** | [Financial Review of Operating Segments](index=25&type=section&id=%E7%87%9F%E9%81%8B%E5%88%86%E9%83%A8%E4%B9%8B%E8%B2%A1%E5%8B%99%E5%9B%9E%E9%A1%A7) The Group's operating segments include property investment and financial services, with the property investment segment experiencing a 4.4% revenue decrease and a fair value loss, while the financial services segment generated no revenue this period [Property Investment](index=26&type=section&id=%E7%89%A9%E6%A5%AD%E6%8A%95%E8%B3%87) The property investment segment's revenue decreased by 4.4%, primarily due to new lease agreements, and recorded a fair value loss on investment properties reflecting challenging market conditions Financial Performance of Property Investment Segment (For the six months ended June 30) | Metric (HK$ million, except percentages) | 2025 | 2024 | Percentage Change | | :--- | :--- | :--- | :--- | | Revenue | 58.2 | 60.9 | (4.4%) | | Adjusted Operating Profit | 20.0 | 28.9 | (30.8%) | | Fair Value (Loss)/Gain on Investment Properties and Other Income | (88.3) | 86.2 | ** | | (Loss)/Profit Attributable to Equity Holders | (92.2) | 83.8 | ** | - The **decrease in revenue** was primarily due to **reduced income from new lease agreements** related to certain floors of the Bank of America Tower in Central[57](index=57&type=chunk) - The **fair value loss on investment properties of HK$88.8 million** resulted from challenges faced by the Hong Kong real estate market in early 2025[57](index=57&type=chunk) [Financial Services](index=27&type=section&id=%E9%87%91%E8%9E%8D%E6%9C%8D%E5%8B%99) The financial services segment generated no revenue in both the current and prior periods Financial Performance of Financial Services Segment (For the six months ended June 30) | Metric (HK$ million, except percentages) | 2025 | 2024 | Percentage Change | | :--- | :--- | :--- | :--- | | Revenue | – | – | – | | Adjusted Earnings Before Interest, Tax, Depreciation and Amortisation | – | (6.2) | ** | | Adjusted Operating Loss | – | (6.2) | ** | | Loss Attributable to Equity Holders | – | (6.2) | ** | - **No revenue** was generated from the financial services segment in the first half of **2025 and 2024**[59](index=59&type=chunk) [Significant Investment in an Associate and Share of (Losses)/Profits of an Associate](index=28&type=section&id=%E6%9C%89%E9%97%9C%E6%96%BC%E4%B8%80%E5%AE%B6%E8%81%AF%E7%87%9F%E5%85%AC%E5%8F%B8%E4%B9%8B%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B3%87%E5%8F%8A%E6%87%89%E4%BD%94%E4%B8%80%E5%AE%B6%E8%81%AF%E7%87%9F%E5%85%AC%E5%8F%B8%E6%90%8D%E7%9B%8A) The Group holds a 35.78% equity interest in Everwell City Limited, with the investment's fair value at HK$5,336.5 million as of June 30, 2025, representing approximately 56.27% of total assets, and a share of loss of HK$70.8 million for the period, mainly due to increased finance costs and revaluation losses on the joint group's investment properties - The Group holds a **35.78% equity interest** in the associate, Everwell City Limited[60](index=60&type=chunk) - As of June 30, 2025, the **fair value of this investment was HK$5,336.5 million**, accounting for approximately **56.27% of the Group's total assets**[60](index=60&type=chunk) - The **share of loss from the associate for the period was approximately HK$70.8 million** (first half of 2024: share of profit from an associate of HK$64.8 million)[60](index=60&type=chunk) - The **loss** was primarily due to **increased finance costs** and **revaluation losses on the joint group's investment properties**, attributed to challenges in the Hong Kong real estate market in early 2025[60](index=60&type=chunk) [Liquidity and Capital Resources](index=29&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91%E5%8F%8A%E8%B3%87%E6%9C%AC%E4%BE%86%E6%BA%90) The Group's cash and bank balances increased to HK$247.9 million, while the gearing ratio rose to 59.6% primarily due to fair value loss on investment properties and share of loss from an associate, with increased loans from an intermediate holding company and full repayment of bank borrowings Key Indicators of Liquidity and Capital Resources | Metric (HK$ million, except percentages) | June 30, 2025 | December 31, 2024 | Percentage Change | | :--- | :--- | :--- | :--- | | Cash and Bank Balances | 247.9 | 209.3 | 18.4% | | Shareholders' Funds | 3,637.4 | 3,917.4 | (7.1%) | | Current Ratio | 0.05 | 0.04 | 25.0% | | Gearing Ratio | 59.6% | 58.0% | 2.8% | - The **gearing ratio increased** primarily due to **fair value loss on investment properties** and **share of loss from an associate**[62](index=62&type=chunk) - The **outstanding principal of unsecured shareholder loans from an intermediate holding company** was **HK$5,610.0 million** (December 31, 2024: HK$4,760.0 million)[62](index=62&type=chunk) - The Group had **no outstanding bank borrowings** but had **HK$850.0 million of unutilized bank facilities** available[62](index=62&type=chunk) [Pledged Assets](index=30&type=section&id=%E8%B3%87%E7%94%A2%E6%8A%B5%E6%8A%BC) As of June 30, 2025, the Group had pledged investment properties with a fair value of approximately HK$2,108.0 million and bank deposits of HK$12.4 million as collateral for bank financing - **Investment properties with a fair value of approximately HK$2,108.0 million** were pledged (December 31, 2024: HK$2,145.0 million)[64](index=64&type=chunk) - **Bank deposits of HK$12.4 million** were pledged (December 31, 2024: HK$12.4 million)[64](index=64&type=chunk) [Operating Activities](index=30&type=section&id=%E7%B6%93%E7%87%9F%E6%B4%BB%E5%8B%95) For the six months ended June 30, 2025, net cash generated from operating activities increased to HK$38.1 million from HK$34.7 million in the prior period, primarily due to an increase in prepayments, deposits, and other receivables Net Cash from Operating Activities (For the six months ended June 30) | Date | Amount (HK$ million) | | :--- | :--- | | June 30, 2025 | 38.1 | | June 30, 2024 | 34.7 | - The **increase** was primarily due to a rise in **prepayments, deposits, and other receivables** during the period[65](index=65&type=chunk) [Investing Activities](index=30&type=section&id=%E6%8A%95%E8%B3%87%E6%B4%BB%E5%8B%95) For the six months ended June 30, 2025, net cash from investing activities significantly increased to HK$18.8 million from HK$3.5 million in the prior period, primarily due to dividend income from an associate Net Cash from Investing Activities (For the six months ended June 30) | Date | Amount (HK$ million) | | :--- | :--- | | June 30, 2025 | 18.8 | | June 30, 2024 | 3.5 | - The **increase in 2025** was primarily due to **dividend income of HK$17.9 million from an associate**[66](index=66&type=chunk) [Financing Activities](index=31&type=section&id=%E8%9E%8D%E8%B3%87%E6%B4%BB%E5%8B%95) For the six months ended June 30, 2025, net cash used in financing activities significantly decreased to HK$18.3 million from HK$79.5 million in the prior period, primarily because bank borrowings repaid in the current period were less than loans from an intermediate holding company repaid in the previous period Net Cash from Financing Activities (For the six months ended June 30) | Date | Amount (HK$ million) | | :--- | :--- | | June 30, 2025 | 18.3 (used) | | June 30, 2024 | 79.5 (used) | - The **decrease in cash outflow** was primarily due to **bank borrowings of HK$850 million repaid** in the current period being less than **HK$900 million of loans from an intermediate holding company repaid** in the prior period[67](index=67&type=chunk) [Employees and Remuneration Policy](index=31&type=section&id=%E5%83%B1%E5%93%A1%E5%8F%8A%E8%96%AA%E9%85%AC%E6%94%BF%E7%AD%96) As of June 30, 2025, the Group had 10 employees, a decrease of one from the prior period, with a remuneration policy designed to recognize performance, incentivize goal achievement, retain talent, and provide benefits such as medical insurance and provident funds - As of June 30, 2025, the Group had **10 employees** (2024: 11 employees)[68](index=68&type=chunk) - The **remuneration policy** aims to recognize outstanding performance, incentivize employees, retain talent, and provide benefits such as medical insurance, health check-up plans, mandatory and voluntary provident fund schemes, and housing allowance schemes[68](index=68&type=chunk) [Interim Dividend](index=31&type=section&id=%E4%B8%AD%E6%9C%9F%E8%82%A1%E6%81%AF) The Board resolved not to declare any interim dividend for the six months ended June 30, 2025 - The Board resolved **not to declare any interim dividend** for the six months ended June 30, 2025[69](index=69&type=chunk) [Outlook](index=32&type=section&id=%E5%B1%95%E6%9C%9B) 2025 is anticipated as a period of cautious stability and strategic repositioning; despite challenges in the Hong Kong property market, the Group's financial and business conditions remain robust, focusing on managing its existing portfolio, optimizing returns, exploring new opportunities, and leveraging the "Greater Bay Area" strategy to deepen synergies with its controlling shareholder, China Great Wall Asset - **2025** is expected to be a period of **cautious stability and strategic repositioning** for the Group[70](index=70&type=chunk) - Despite increasing challenges in the Hong Kong property market, the Group's **overall financial and business conditions remain robust**[70](index=70&type=chunk) - The Group will focus on **actively managing its existing investment portfolio**, preserving capital, optimizing returns from core assets, and prudently exploring new opportunities aligned with shareholders' interests[70](index=70&type=chunk) - The Group will seize development opportunities from the national **"Guangdong-Hong Kong-Macao Greater Bay Area" strategic deployment**, leveraging the strong resources of its controlling shareholder, China Great Wall Asset, to further deepen synergies and actively expand domestic business[71](index=71&type=chunk) [Corporate Governance and Other Information](index=32&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB) This section outlines the Group's commitment to corporate governance, including board responsibilities, committee reviews, and compliance with regulatory standards [Corporate Governance](index=32&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB) The Board and management are committed to fulfilling their responsibilities to shareholders, prioritizing the enhancement and protection of shareholder interests, and the Company has complied with the applicable principles and code provisions of Appendix C1 of the Listing Rules' Corporate Governance Code throughout the reporting period - The Board and management are committed to fulfilling their responsibilities to the Company's shareholders, prioritizing the **enhancement and protection of shareholder interests**[72](index=72&type=chunk) - The Company has consistently complied with the **applicable principles and code provisions of Appendix C1 of the Listing Rules' Corporate Governance Code** throughout the six months ended June 30, 2025[72](index=72&type=chunk) [Audit Committee and Review of Interim Financial Information](index=33&type=section&id=%E5%AF%A9%E6%A0%B8%E5%A7%94%E5%93%A1%E6%9C%83%E5%8F%8A%E4%B8%AD%E6%9C%9F%E8%B2%A1%E5%8B%99%E8%B3%87%E6%96%99%E4%B9%8B%E5%AF%A9%E9%96%B1) The Audit Committee has reviewed the Group's unaudited condensed consolidated interim financial information for the six months ended June 30, 2025, confirming compliance with applicable accounting standards and requirements, and the external auditor also conducted a review in accordance with Hong Kong Standard on Review Engagements 2410 - The Audit Committee currently comprises **two independent non-executive directors and a non-executive director**, with two independent non-executive directors possessing professional qualifications[73](index=73&type=chunk) - The Audit Committee has reviewed the Group's **unaudited condensed consolidated interim financial information** for the six months ended June 30, 2025, deeming these interim results prepared in compliance with applicable accounting standards, requirements, and the Listing Rules[73](index=73&type=chunk) - The Group's **unaudited condensed consolidated interim financial statements** for the six months ended June 30, 2025, were also reviewed by the Group's external auditor, BDO Limited, in accordance with **Hong Kong Standard on Review Engagements 2410**[73](index=73&type=chunk) [Remuneration Committee](index=34&type=section&id=%E8%96%AA%E9%85%AC%E5%A7%94%E5%93%A1%E6%9C%83) Established in 2000, the Remuneration Committee, predominantly composed of independent non-executive directors, is responsible for formulating remuneration policies - The Remuneration Committee was **established in 2000**, with the majority of its members being **independent non-executive directors**[74](index=74&type=chunk) - The Remuneration Committee currently comprises **two independent non-executive directors and an executive director**[74](index=74&type=chunk) [Nomination Committee](index=34&type=section&id=%E6%8F%90%E5%90%8D%E5%A7%94%E5%93%A1%E6%9C%83) Established in 2005, the Nomination Committee, predominantly composed of independent non-executive directors, is responsible for nominating Board members - The Nomination Committee was **established in 2005**, with the majority of its members being **independent non-executive directors**[75](index=75&type=chunk) - The Nomination Committee currently comprises an **executive director and two independent non-executive directors**[75](index=75&type=chunk) [Compliance with Model Code and Company Guidelines](index=34&type=section&id=%E9%81%B5%E5%AE%88%E6%A8%99%E6%BA%96%E5%AE%88%E5%89%87%E5%8F%8A%E5%85%AC%E5%8F%B8%E6%8C%87%E5%BC%95) The Board has adopted the Model Code for Securities Transactions by Directors of Listed Issuers in Appendix C3 of the Listing Rules as the standard for directors' securities dealings, confirming full compliance by all directors during the reporting period, and the Company has also adopted written guidelines no less exacting than the Model Code, with no non-compliance by relevant employees - The Board has adopted the **Model Code for Securities Transactions by Directors of Listed Issuers** in Appendix C3 of the Listing Rules as the standard for the Company's directors' securities dealings[76](index=76&type=chunk) - Following specific inquiries, all directors confirmed their **continuous compliance with the Model Code's required standards** throughout the six months ended June 30, 2025, and up to the date of this announcement[76](index=76&type=chunk) - The Company has adopted **written guidelines no less exacting than the Model Code** in accordance with Code Provision C.1.3 of the Corporate Governance Code, with no instances of non-compliance by relevant employees[76](index=76&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=35&type=section&id=%E8%B3%BC%E8%B2%B7%E3%80%81%E5%87%BA%E5%94%AE%E6%88%96%E8%B3%96%E5%9B%9E%E6%9C%AC%E5%85%AC%E5%8F%B8%E4%B8%8A%E5%B8%82%E8%AD%89%E5%88%B8) For the six months ended June 30, 2025, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities - For the six months ended June 30, 2025, **neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities**[77](index=77&type=chunk) [Disclosure Requirements under Listing Rules](index=35&type=section&id=%E4%B8%8A%E5%B8%82%E8%A6%8F%E5%89%87%E7%9A%84%E6%8A%AB%E9%9C%B2%E8%A6%8F%E5%AE%9A) Except as disclosed in this announcement, there were no significant changes in the Company's existing information related to matters in paragraph 46(3) of Appendix D2 of the Listing Rules for the six months ended June 30, 2025, compared to the 2024 annual report - Except as disclosed in this announcement, there were **no significant changes** in the Company's existing information related to matters in **paragraph 46(3) of Appendix D2 of the Listing Rules** for the six months ended June 30, 2025, compared to the 2024 annual report's relevant disclosures[78](index=78&type=chunk) [Publication of Interim Results on HKEX and Company Websites](index=35&type=section&id=%E6%96%BC%E8%81%AF%E4%BA%A4%E6%89%80%E7%B6%B2%E7%AB%99%E5%8F%8A%E6%9C%AC%E5%85%AC%E5%8F%B8%E7%B6%B2%E7%AB%99%E7%99%BC%E4%BD%88%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE) This interim results announcement has been published on the HKEX and Company websites, and the interim report will be dispatched to shareholders and published on the aforementioned websites in due course - This interim results announcement is published on the **HKEX website (www.hkexnews.hk)** and the **Company's website (www.gwpaholdings.com)**[79](index=79&type=chunk) - The Company's interim report for the six months ended June 30, 2025, containing information required by **Appendix D2 of the Listing Rules**, will be dispatched to shareholders and published on the HKEX and Company websites in due course[79](index=79&type=chunk)

Performance Summary - China Petroleum & Chemical Corporation (00386.HK) reported a revenue of 1,409.05 billion yuan, a decrease of 10.6% year-on-year, and a net profit of 21.483 billion yuan, down 39.8% year-on-year [2] - Kuaishou Technology (01024.HK) achieved a revenue of 67.654 billion yuan, an increase of 12.04% year-on-year, with a net profit of 8.9 billion yuan, up 9.9% year-on-year [2] - China National Pharmaceutical Group (01099.HK) recorded a revenue of 36.363 billion yuan, a decrease of 1.48% year-on-year, and a net profit of 295 million yuan, an increase of 1.02% year-on-year [2] - Miniso Group (09896.HK) reported a revenue of 9.393 billion yuan, a growth of 21.1% year-on-year, but a net profit of 906 million yuan, down 22.6% year-on-year [2] - Tuhu (09690.HK) had a revenue of 7.9 billion yuan, an increase of 10.5% year-on-year, with an adjusted net profit of 410 million yuan, up 14.6% year-on-year, and the number of stores increased to 7,205 [2] - Bilibili Inc. (09626.HK) reported a second-quarter revenue of 7.338 billion yuan, an increase of 19.76% year-on-year, and a net profit of 219 million yuan, turning from a loss of 609 million yuan in the same period last year [2] - Zaitong (00062.HK) achieved a revenue of 4.226 billion HKD, an increase of 3.98% year-on-year, and a net profit of 190 million HKD, up 57.94% year-on-year [2] - Xincheng Power (01148.HK) reported a revenue of 2.804 billion yuan, an increase of 7.06% year-on-year, but a net profit of 16.49 million yuan, down 25.49% year-on-year [2] - Fourth Paradigm (06682.HK) achieved a revenue of 2.626 billion yuan, an increase of 40.71% year-on-year, with an adjusted net loss of 44 million yuan, narrowing by approximately 71.2% from a loss of 152 million yuan in the same period last year [2] - Meilian Group (01200.HK) reported a revenue of 2.518 billion HKD, a decrease of 24.1% year-on-year, and a net profit of 151 million HKD, down 13% year-on-year [2] - Baisheng Group (03368.HK) achieved a revenue of 1.963 billion yuan, an increase of 0.93% year-on-year, and a net profit of 22.468 million yuan, turning from a loss of 18.641 million yuan in the same period last year [2] - Yuexiu Services (06626.HK) reported a revenue of approximately 1.962 billion yuan, a slight increase of 0.09% year-on-year, with a net profit of approximately 240 million yuan [2] - Yika (09923.HK) achieved a revenue of 1.64 billion yuan, an increase of 4% year-on-year, and a net profit of 43.075 million yuan, up 36.2% year-on-year [2] - Gaoweidianzi (01415.HK) reported a revenue of 1.36 billion USD, an increase of 132.2% year-on-year, with a net profit of 67.398 million USD, up approximately 320% year-on-year [2] - BOC Aviation (02588.HK) achieved a revenue of 1.242 billion USD, an increase of 6% year-on-year, but a net profit of 342 million USD, down 26% year-on-year [2] - Jiuxing Holdings (01836.HK) reported a revenue of 775 million USD, an increase of 0.7% year-on-year, but a net profit of 78.633 million USD, down 14.5% year-on-year [2] - Sinopec Kantons Holdings (00934.HK) reported a revenue of approximately 307 million HKD, a decrease of 7.2% year-on-year, and a net profit of approximately 563 million HKD, down 17.8% year-on-year [2] - Great Wall Holdings (00583.HK) issued a profit warning, expecting a mid-term net loss of 266 million to 294 million HKD, a significant shift from profit to loss [2] Company News - Shengye (06069.HK) has initiated a global strategic layout to build an AI + international supply chain technology platform [2] - Yuan Zheng Technology (02488.HK) plans to develop a strategic layout for equipment assetization and related RWA applications [2] - Oconview Biosciences (01477.HK) announced that the second Phase III clinical trial of OT-301 has reached its primary endpoint [2] Buyback Activities - Tencent Holdings (00700.HK) repurchased 928,000 shares at a cost of 551 million HKD, with a buyback price ranging from 590 to 597 HKD [2] - HSBC Holdings (00005.HK) repurchased approximately 1.33 million shares at a cost of about 132 million HKD, with a buyback price ranging from 98.6 to 99.55 HKD [2] - Techtronic Industries (00669.HK) repurchased approximately 25,000 shares at a cost of about 25.085 million HKD, with a buyback price ranging from 99.5 to 101.6 HKD [2] - Hang Seng Bank (00011.HK) repurchased 200,000 shares at a cost of 22.4935 million HKD, with a buyback price ranging from 111.8 to 112.8 HKD [2]

Core Viewpoint - Great Wall Pan-Asia Holdings (00583) anticipates a significant shift from profit to loss for the six months ending June 30, 2025, primarily due to substantial losses in property valuations and share of losses from an associate company [1][2] Group 1: Financial Performance - The company expects an unaudited consolidated loss attributable to shareholders of approximately HKD 266 million to HKD 294 million, with an unaudited basic loss per share ranging from approximately HKD 0.1697 to HKD 0.1876 [1] - In contrast, for the six months ending June 30, 2024, the company reported an unaudited consolidated profit attributable to shareholders of HKD 4.52 million and an unaudited basic earnings per share of HKD 0.0029 [1] Group 2: Reasons for Loss - The anticipated loss is primarily attributed to a projected fair value loss of approximately HKD 87 million to HKD 91 million on investment properties, compared to a fair value gain of approximately HKD 79 million for the same period in 2024 [1] - Additionally, the company expects to share losses from an associate company amounting to approximately HKD 69 million to HKD 72 million, contrasting with a profit share of approximately HKD 65 million for the six months ending June 30, 2024, due to fair value losses and increased financial costs [1] Group 3: Market Conditions - The ongoing downturn in the Hong Kong real estate market has negatively impacted the valuation of the company's and its associates' investment properties, which are primarily composed of commercial properties [2] - Despite these valuation challenges, the company maintains that the fair value gains/losses are non-cash in nature and that its investment properties are long-term investments aimed at generating stable and recurring rental income and investment returns, indicating that the overall financial and business condition remains robust [2]

Core Viewpoint - Great Wall Holdings (00583) anticipates a significant shift from profit to loss for the six months ending June 30, 2025, primarily due to declines in property valuations and losses from an associated company [1][2] Financial Performance - The company expects an unaudited consolidated loss attributable to shareholders of approximately HKD 266 million to HKD 294 million, with an unaudited basic loss per share ranging from approximately HKD 0.1697 to HKD 0.1876 for the upcoming reporting period [1] - In contrast, for the six months ending June 30, 2024, the company reported an unaudited consolidated profit of HKD 4.52 million and an unaudited basic earnings per share of HKD 0.0029 [1] Reasons for Loss - The anticipated loss is primarily attributed to: - Expected fair value losses on investment properties of approximately HKD 87 million to HKD 91 million for the upcoming period, compared to a fair value gain of approximately HKD 79 million for the same period in 2024 [1] - Expected losses from an associated company amounting to approximately HKD 69 million to HKD 72 million, contrasting with a profit of approximately HKD 65 million from the same company in the previous period, driven by fair value losses and increased financial costs [1] Market Conditions - The ongoing downturn in the Hong Kong real estate market has negatively impacted the valuation of the company's investment properties, which are primarily composed of commercial properties [2] - Despite these challenges, the company maintains that the fair value gains/losses are non-cash in nature and that its investment properties and associated investments are long-term projects aimed at generating stable and recurring rental income and investment returns, indicating that the overall financial and business condition remains robust [2]

Core Viewpoint - 长城环亚控股预计在截至2025年6月30日的六个月内将录得未经审核的股东应占综合亏损约2.66亿港元至2.94亿港元，显示出公司面临财务挑战 [1] Financial Performance - 预计基本每股亏损介于约16.97港仙至18.76港仙 [1] - 截至2024年6月30日的六个月，公司的未经审核股东应占综合盈利为452万港元，基本每股盈利为0.29港仙 [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份內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 * （於百慕達註冊成立之有限公司） （股份代號：583） 內幕消息 盈利警告 本公告由長城環亞控股有限公司*（「本公司」，連同其附屬公司統稱「本集團」） 根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)(a)條及證 券及期貨條例（香港法例第571章）第XIVA部項下之內幕消息條文（定義見上市 規則）的規定所作出。 本公司董事會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者，根據 對本集團截至二零二五年六月三十日止六個月（「本報告期間」）的未經審核綜 合管理賬目的初步審閱及本公司現有資料，本集團預期本報告期間將錄得未 經審核股東應佔綜合虧損約2.66億港元至2.94億港元連同未經審核基本每股 虧損介乎約16.97港仙至18.76港仙，而截至二零二四年六月三十日止六個月的 * 僅供識別 1 未經審核股東應佔綜合盈利為4.52百萬港元及未經審核基本每股盈利0.29港 仙。與二 ...

Group 1 - The company, Great Wall Holdings (00583.HK), has announced a board meeting scheduled for August 29, 2025, to review and approve the interim results for the six months ending June 30, 2025 [1] - The meeting will also address any other matters that may arise [1]