Core Insights - The 113th National Sugar and Wine Commodity Fair emphasizes "innovation, health, characteristics, and technology," showcasing thousands of innovative products and health foods from over 4,000 companies across more than 40 countries and regions [1] Group 1: Event Overview - The fair features a comprehensive display system with 20,000 square meters of ten thematic exhibition areas and 13 specialty zones [1] - The event includes the "Autumn Sugar Season" model, which integrates "7 thematic activities + over 70 dining brands + over 700 consumption scenarios" to convert exhibition traffic into regional economic growth [1] Group 2: Consumer Engagement - During the event, foot traffic at the Huacai Tiandi area increased by 70% and sales rose by 32% compared to previous periods, demonstrating the fair's impact on consumer spending [2] - The fair promotes rural revitalization and cultural heritage, featuring over a thousand agricultural products from supported counties and integrating local specialties into the exhibition [2] Group 3: Industry Impact - The fair is positioned as a key node for promoting consumption, breaking physical boundaries through "central-local cooperation" and "exhibition-city integration," thus enhancing consumer engagement and stimulating industrial vitality [3]

Group 1 - China National Cereals, Oils and Foodstuffs Corporation (COFCO) has purchased three batches of U.S. soybeans ahead of a summit between Chinese and U.S. leaders, marking the first procurement of this year's harvest [1] - As the world's largest soybean importer, China has multiple sources for soybean imports and does not necessarily need to rely on U.S. soybeans, which lack competitive pricing and quality advantages [3] - The purchase of U.S. soybeans is intended to create a more amicable atmosphere for the upcoming meeting and indicates China's reluctance to engage in a trade war, emphasizing that such conflicts yield no winners [3] Group 2 - There is a perception that the U.S. may interpret China's soybean purchases as a sign of fear regarding potential sanctions and tariffs, although China asserts its agricultural self-sufficiency [3] - China maintains that it is not intimidated by U.S. restrictions on advanced technology, suggesting that agricultural products like soybeans are less critical in the current geopolitical landscape [3]

Core Viewpoint - The article emphasizes the importance of food security in China, highlighting advancements in agricultural technology and practices that enhance grain production and management, ultimately contributing to the country's economic stability and high-quality development [1][15]. Group 1: Agricultural Advancements - The average rice yield this year is close to 1400 jin per mu, showing an increase from last year [2] - Mechanization in farming has surpassed 90%, with significant improvements in efficiency through the use of smart farming technologies such as automated irrigation and drone applications [3] - Collaboration with universities for research and trials of new rice varieties has led to higher yields and improved quality, with certain varieties meeting national grade two standards [3] Group 2: Grain Storage and Management - The grain purchasing process has become more efficient with online booking systems, allowing farmers to sell their produce without long queues and ensuring timely payments [4] - The introduction of intelligent sampling systems has increased testing efficiency for grain quality, with the time for testing rice reduced to 12-13 minutes [7] - AI technology is being utilized for pest monitoring, significantly improving the detection of storage pests with a 95% accuracy rate [8] Group 3: Food Safety and Innovation - Food safety is prioritized at every stage, from raw material selection to production, ensuring that only compliant ingredients are used [11] - The development of specialized flour products reflects advancements in production technology, catering to diverse culinary needs [12] - The introduction of D-Tagatose, a low-calorie sugar substitute, marks a significant innovation in the health food sector, filling a gap in the high-end functional sugar market [14]

Core Points - The announcement from the Jinzhong Market Supervision Administration reports the results of the fourth round of food safety supervision sampling for 2025, indicating that all 178 samples tested were compliant with national food safety standards [2][3][4]. Group 1: Sampling Overview - A total of 178 samples from 27 categories of food products were collected, including grains, oils, seasonings, meat products, dairy, beverages, and more [2][3]. - The results showed 178 compliant samples and 0 non-compliant samples, reflecting a 100% compliance rate [3][4]. Group 2: Sample Details - The report includes specific details of the compliant products, such as: - "Koukouxiang Braised Eggs" from Lin Yi Jinluo Wenrui Food Co., Ltd. [4] - "Natural Mineral Water" from Jiangxi Baisui Mountain Food and Beverage Co., Ltd. [4] - "Pure Milk" from Junlebao Dairy Group Co., Ltd. [4] - The samples were taken from various retail locations in Jinzhong, including Huazhong Supermarket and Weizhen Jiale Grocery [4]. Group 3: Compliance Significance - The 100% compliance rate is significant for consumer safety and confidence in the food supply chain in Jinzhong [3][4]. - This outcome may positively influence the reputation of the local food industry and encourage further regulatory compliance among food producers [3][4].

Core Viewpoint - COFCO Group's new grain transportation initiative, "COFCO No. 1," has successfully launched, enhancing the efficiency of grain logistics from production areas to ports in Northeast China [1] Group 1: Transportation Efficiency - The launch of the grain collection train marks a significant step in the "North Grain South Transport" system, addressing the bottlenecks in grain transportation [1] - The collaboration between COFCO Trade and China Railway Harbin Bureau Group has led to the establishment of a direct transportation route, reducing the collection cycle by over 40% [1] Group 2: Logistics Improvement - The use of a combination of bulk grain cars and top-opening box cars has effectively improved grain turnover efficiency [1] - This initiative is part of a broader effort to create a smooth and efficient grain logistics system, facilitating cross-regional grain transportation [1]

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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中駿商管智慧服務控股有限公司 呈交日期: 2025年10月3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) | 00606 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.01 | HKD | | 50,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.01 | HKD | | 50,000,000 | 本月底法定 ...

Core Insights - The launch of D-allulose by COFCO Group marks a significant breakthrough in China's high-end functional sugar sector, filling a gap in the domestic market and supporting the health transformation of the food industry [1][2] - D-allulose, a low-calorie sugar alternative, is expected to see substantial market growth, with a projected global market size of $14.77 million in 2024 and a compound annual growth rate exceeding 14% from 2025 to 2034 [1][2] Company Developments - COFCO Group has established a comprehensive patent portfolio in the biosynthesis of D-allulose, with 17 patents covering production strains, enzyme preparations, separation processes, and overall production technology, of which 10 core patents have been authorized [2] - The company has developed a one-stop application solution and differentiated supply capabilities across various sectors, including beverages, baking, dairy, and confectionery, to accelerate the domestic application of D-allulose [2] Industry Impact - The introduction of D-allulose aligns with national public health initiatives, such as the "Weight Management Year," providing significant industrial support for the Healthy China strategy [2] - COFCO Group's commitment to innovation is reflected in its establishment of a dedicated technology innovation department and policies aimed at enhancing R&D investment and sharing benefits with researchers, fostering a collaborative ecosystem for the health food industry [3]

SCE Intelligent Commercial Management Holdings Limited (Incorporated in the Cayman Islands with limited liability) (Stock Code：606) N O T I F I C AT I O N L E T T E R Dear Non-registered shareholders(Note 1) , 19 September 2025 SCE Intelligent Commercial Management Holdings Limited (the "Company") – Notice of Publication of Interim Report 2025 (the "Current Corporate Communications") The Current Corporate Communications of the Company have been published in English and Chinese languages and are available on ...

Please note that both the English and Chinese versions of all future Corporate Communications will be available electronically on the website of the Company at www.sce-icm.com and the HKEXnews website at www.hkexnews.hk in place of printed copies (the "Electronic Version"). A notification of the publication of the Corporate Communications on the Company's website (the "Notice of Availability") will be sent to you if you elect to receive or are deemed to have elected to receive the Electronic Version by emai ...

Property Management Overview - As of June 30, 2025, the Group had a total contracted gross floor area (GFA) of approximately 46.0 million sq.m. across 247 contracted projects[6]. - The Group's residential property management segment included 216 contracted projects with a total contracted GFA of approximately 42.1 million sq.m.[16]. - The commercial property management segment had 31 contracted properties with a total contracted GFA of approximately 3.9 million sq.m.[15]. - The total GFA under management was approximately 35.0 million sq.m., with 217 projects under management[6]. - The total GFA under management for residential properties was approximately 33.3 million sq.m. across 203 projects[16]. - The Group operates in 57 cities across 18 provinces, municipalities, and autonomous regions in China[5]. - The Group's services cover key economic zones including the West Taiwan Strait Economic Zone and the Yangtze River Delta Economic Zone[15]. Revenue and Financial Performance - The total revenue for the period was RMB588.28 million, down from RMB622.51 million in the previous year[21]. - Revenue from the Yangtze River Delta Economic Zone was RMB33.36 million, down from RMB59.43 million in the previous year[25]. - Revenue from the West Taiwan Strait Economic Zone was RMB60.62 million, down from RMB82.79 million year-on-year[25]. - Revenue from the Bohai Rim Economic Zone decreased to RMB48.25 million from RMB61.06 million[25]. - The commercial property management and operational services segment recorded total revenue of approximately RMB169.1 million, representing a year-on-year decrease of approximately 23.8%[22]. - Revenue from basic residential property management services increased by approximately 9.3% from approximately RMB355.6 million in the first half of 2024 to approximately RMB388.7 million, accounting for approximately 66.1% of total revenue[50][53]. - Revenue from value-added services decreased significantly to RMB84,878,000 from RMB117,378,000, a decline of 27.7%[166]. Profitability and Earnings - Profit attributable to owners of the parent decreased significantly by approximately 57.6% from approximately RMB80.4 million in the first half of 2024 to approximately RMB34.1 million, with basic earnings per share amounting to approximately RMB1.76 cents[63][68]. - Gross profit decreased by approximately 13.0% from approximately RMB209.1 million in the first half of 2024 to approximately RMB182.1 million, with the overall gross profit margin decreasing from approximately 33.6% to approximately 30.9%[55][56]. - The company reported a profit of RMB34,120,000 for the six months ended June 30, 2025, compared to RMB80,432,000 for the same period in 2024, reflecting a decrease of approximately 57.6%[147]. - Total comprehensive income for the period was RMB35,117,000, down from RMB79,897,000 in the previous year, indicating a decline of about 56.1%[147]. Operational Strategies and Initiatives - The Group aims to enhance service quality through a three-dimensional service framework, including "Butler-Style Service", "Hotel-Style Service", and "Full-cycle One-stop Service"[39]. - Future strategies include continuous monitoring of local consumption trends and refining tenant sourcing strategies based on project positioning and sales per sq.m.[42]. - The Group plans to leverage digital technologies to enhance operational quality and efficiency while maintaining high-quality commercial content[43]. - The Group's digital intelligence strategy was strengthened to analyze consumer behavior and upgrade the membership benefits system[33]. Employee and Cost Management - The total employee cost for the period was approximately RMB220.0 million, down from approximately RMB268.0 million for the six months ended June 30, 2024, representing a decrease of about 18%[87]. - The Group employed 4,621 employees as of June 30, 2025, a reduction of 272 employees compared to 4,893 employees as of December 31, 2024[87]. - Administrative expenses increased by approximately 16.8% from approximately RMB120.0 million in the first half of 2024 to approximately RMB140.2 million, primarily due to impairment losses of trade receivables[61][66]. Cash Flow and Financial Position - As of June 30, 2025, the Group's cash and bank balances totaled RMB1,196,296,000, a decrease of approximately 7.9% from RMB1,299,809,000 as of December 31, 2024[75]. - The company reported a net increase in cash and cash equivalents of RMB195,221,000 for the period, compared to RMB456,808,000 in the previous year, a decrease of about 57.3%[147]. - Cash generated from operations was RMB57,658,000, a decrease of 41.7% compared to RMB98,915,000 in the prior year[147]. - The company’s total equity at June 30, 2025, was RMB2,775,965,000, compared to RMB2,733,885,000 at the beginning of the year, indicating a growth of approximately 1.5%[147]. Shareholding and Corporate Governance - The company raised total net proceeds of approximately HK$2,037.5 million from the initial public offering, with an offer price of HK$3.7 per share for 575,000,000 shares issued[94][97]. - The Audit Committee consists of three independent non-executive Directors, ensuring compliance with the Listing Rules[127]. - The company has maintained compliance with all applicable code provisions under the Corporate Governance Code during the period[126]. - Significant shareholder Mr. Dan Weijian holds a 35.41% stake in the company, representing approximately 26.05% of the total issued shares[124]. Risks and Liabilities - China SCE Holdings defaulted on a payment of an installment of principal and interest under its syndicated loan agreement, leading to a cross default situation[120]. - The liabilities of China SCE Holdings are secured by charges over 504,000,000 shares in the Company, which represent approximately 26.05% of the total number of issued shares[122]. - The enforcement action taken by banks over the charged shares indicates potential liquidity issues for China SCE Holdings[120].