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].

Group 1: Central Enterprises' Role in Food Supply Chain - Central enterprises are actively reshaping China's food supply chain, transitioning from "eating enough" to "eating well and healthily" [1][2] - Companies like COFCO, China Communications Construction Company, and China National Machinery Industry Corporation are leading technological innovations and promoting national food security [1][2] Group 2: Technological Innovations in Food Processing - COFCO has developed a key technology system for edible oil quality control, significantly improving the retention rates of nutrients such as plant sterols and vitamin E [2][3] - The new technology allows for over 90% retention of plant sterols and over 95% retention of vitamin E, enhancing the nutritional and safety quality of edible oils [2] Group 3: Supply Chain Management in Egg Production - China Resources Vanguard has established a comprehensive supply chain management system for its "Runjia" brand eggs, resulting in significant sales growth [3] - The company aims to expand its product offerings across various categories, including fruits, meat, and vegetables, to provide consumers with reliable high-quality protein [3] Group 4: Innovations in Aquaculture - State Grid Xinjiang Electric Power Company has facilitated the successful aquaculture of seafood in Xinjiang, supported by stable electricity supply [4][5] - The "Bay Area Lingding" self-propelled aquaculture vessel, developed by China Communications Construction Company, is set to enhance sustainable seafood production with a capacity of 5,000 tons annually [5][6] Group 5: Upgrading Dietary Preferences - Central enterprises are leveraging global supply chains to introduce high-quality imported foods, such as Chilean cherries, to meet the growing demand for premium products [7][8] - COFCO has successfully imported various high-end agricultural products, enhancing the diversity and healthiness of food options available to consumers [8][9] Group 6: Economic Impact of Central Enterprises - COFCO's annual agricultural product handling exceeds 180 million tons, positioning it as a key player in the global agricultural supply chain [9] - The integration of refined management from farm to table and deep global supply chain collaboration is driving new consumption vitality and supporting high-quality economic development in China [9]

Core Insights - The article highlights the proactive role of state-owned enterprises (SOEs) in reshaping China's food supply chain, emphasizing a shift from merely filling stomachs to providing healthier and higher-quality food options [1][2][3] Group 1: Food Supply Chain Innovations - SOEs are implementing advanced technologies and full-chain management to enhance food quality and safety, particularly in the edible oil sector [2][3] - The research team at COFCO has developed a key technology system for quality control in edible oil, significantly improving the retention rates of nutrients such as plant sterols and vitamin E [2] - The "Runjia" brand of eggs from China Resources has seen sales exceed last year's total within six months, showcasing the effectiveness of their integrated supply chain management [3] Group 2: Aquaculture Developments - State Grid Xinjiang Electric Power Company has facilitated the successful aquaculture of various seafood in Xinjiang, supported by stable electricity supply and advanced technology [4][5] - The "Bay Area Lingding" self-propelled aquaculture vessel, developed by China Communications Construction Company, is set to produce 5,000 tons of seafood annually, contributing to sustainable aquaculture practices [6] Group 3: Import and Global Supply Chain - Companies like China National Machinery Import and Export Corporation are leveraging global supply chains to import high-quality products such as Chilean cherries, meeting the growing demand for premium food items in China [7] - COFCO is expanding its international cooperation by introducing various high-end agricultural products, including flaxseed oil and Honduran white shrimp, to enhance consumer choices [7] - COFCO's annual agricultural product handling exceeds 180 million tons, positioning it as a key player in the global agricultural supply chain [7]

| 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 | 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中駿商管智慧服務控股有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 本月底法定/ ...

Group 1 - The core point of the article is that Zhongjun Business Management (00606.HK) reported a decline in mid-term performance for the six months ending June 30, 2025, with revenue decreasing by approximately 5.5% from about RMB 622.5 million in the first half of 2024 to about RMB 588.3 million in the current period [1] - The profit attributable to the parent company owners significantly decreased by approximately 57.6%, from about RMB 80.4 million in the first half of 2024 to about RMB 34.1 million in the current period [1] - The basic earnings per share for the period were approximately RMB 0.0176 [1] Group 2 - The decrease in profit attributable to the parent company owners is primarily due to the unfavorable macroeconomic environment, which led to a reduction in revenue from value-added services with higher gross margins [1] - Additionally, the company faced impairment losses on trade receivables, contributing to the decline in profitability [1]

Group 1 - The company Zhongjun Business Management (00606) reported a mid-term performance for the six months ending June 30, 2025, with revenue of 588 million RMB, representing a year-on-year decrease of 5.5% [1] - The profit attributable to shareholders was 34.12 million RMB, reflecting a significant year-on-year decline of 57.58% [1] - The basic earnings per share were reported at 1.76 cents [1]

Group 1 - The company Zhongjun Commercial Management (00606) reported a revenue of 588 million RMB for the six months ending June 30, 2025, representing a year-on-year decrease of 5.5% [1] - The profit attributable to shareholders was 34.12 million RMB, which is a significant decline of 57.58% compared to the previous year [1] - The basic earnings per share stood at 1.76 cents [1]