智通财经APP讯，彩星集团(00635)发布公告，将于2025年9月19日派发截至2025年6月30日止六个月的中 期股息每股0.015港元。 ...

智通财经APP讯，彩星集团(00635)发布截至2025年6月30日止6个月中期业绩，集团收入2.61亿港元，同 比减少50.42%;股东应占亏损2.06亿港元，同比扩大28.58%;每股亏损9.94港仙;每股中期股息1.5港仙。 ...

彩星集團有限公司 董事委員會 提名委員會 – 職權範圍 4. 職責 4.1 委員會須履行下列責任： 1 1. 成員 2. 舉行會議的次數及程序 3. 權力 3.1 委員會可於其認為必要的情況下徵詢獨立專業意見以履行其職責，有關費用 由公司支付。 2.1 會議法定人數為兩人。 2.2 任何董事、行政人員或其他人士在適當時均可被邀出席委員會會議，以協助 委員會達其目的。 2.3 委員會主席可於其認為需要時要求召開會議，惟委員會每年須至少舉行一次 會議。 2.4 委員會秘書由公司秘書兼任。 (a) 至少每年檢討董事會的架構、人數及組成(包括技能、知識及經驗方面)， 協助董事會維持董事技能表，並就任何為配合公司策略而擬對董事會作出 的變動提出建議； (b) 物色具備合適資格可擔任董事的人士，並挑選提名有關人士出任董事或 就此向董事會提供意見； (c) 評核獨立非執行董事的獨立性； (d) 就董事委任或重新委任以及董事(尤其是主席及行政總裁)繼任計劃向董事 會提出建議； (e) 定期檢視和評估每位董事對董事會的時間投入和貢獻，以及其履行職責 的能力； (f) 就定期的董事會表現評核作出支持；及 (g) 不時檢視本公司董 ...

PLAYMATES HOLDINGS LIMITED 彩星集團有限公司* 李嘉士先生 獨立非執行董事 羅啟耀先生 柯清輝博士 詹德慈先生 董事會設立三個委員會。委員會的成員資料載列如下： ( 於百慕達註冊成立之有限公司 ) (股份代號：635) 董事會成員及其角色和職能 彩星集團有限公司董事會(「董事會」)成員載列如下： 執行董事 陳光輝先生（主席） 陳凱倫小姐 陳光強先生 非執行董事 提名委員會 陳光輝先生－ 委員會主席 陳凱倫小姐 羅啟耀先生 柯清輝博士 詹德慈先生 香港, 二零二五年八月十五日 * 僅供識別 審核委員會 羅啟耀先生－ 委員會主席 李嘉士先生 柯清輝博士 詹德慈先生 薪酬委員會 柯清輝博士－ 委員會主席 陳光輝先生 李嘉士先生 羅啟耀先生 詹德慈先生 ...

董事委員會成員變更 本公司董事會宣佈於二零二五年八月十五日起，以下本公司董事局委員會成員已作 出下列變更： (a) 提名委員會 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佈之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈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。 PLAYMATES HOLDINGS LIMITED 彩星集團有限公司* ( 於百慕達註冊成立之有限公司 ) (股份代號：635) 承董事會命 吳家欣 公司秘書 香港，二零二五年八月十五日 截至本公佈日期，董事會包括以下董事： 陳光輝先生( 主席 )、陳凱倫小姐( 執行董事 )、陳光強先生( 執行董事 )、李嘉士先生( 非 執行董事 )、羅啟耀先生( 獨立非執行董事 )、柯清輝博士( 獨立非執行董事 )及詹德慈 先生( 獨立非執行董事 ) * 僅供識別 1 (i) 本公司非執行董事李嘉士先生(「李先生」) 不再擔任提名委員會成員；及 (ii) 本公司執行董事陳凱倫小姐被委任為提名委員會成員。 (b) 薪酬委員會 李先生被委任為薪酬委員會成員。 本公司更新後的薪酬委員會及提名委員 ...

EF001 | 其他信息 | | --- | | 其他信息 不適用 | | 發行人董事 | | 陳光輝先生（主席）、陳凱倫小姐（執行董事）、陳光強先生（執行董事）、李嘉士先生（非執行董事）、羅啟耀先生（獨立非執 行董事）、柯清輝博士（獨立非執行董事）及詹德慈先生（獨立非執行董事） | 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 彩星集團有限公司 | | 股份代號 | 00635 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 截至二零二五年六月三十日止六個月之中期股息 | | | 公告日期 | 2025年8月15日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股 ...

[Management Discussion and Analysis](index=1&type=section&id=Management%20Discussion%20and%20Analysis) [Overview](index=1&type=section&id=Overview) H1 2025 saw Playmates Group's revenue drop 50.5% due to toy business decline, leading to expanded operating and attributable losses despite unchanged interim dividends Key Financial Data Overview for H1 2025 | Indicator | H1 2025 (HKD Thousands) | H1 2024 (HKD Thousands) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Group Revenue | 261,116 | 526,666 | -50.5% | | —Toy Business | 185,514 | 445,141 | -58.3% | | —Property Investment and Management Business | 74,800 | 79,339 | -5.7% | | —Investment Business | 802 | 2,186 | -63.3% | | Gross Profit | 146,835 | 324,137 | -54.7% | | Net Revaluation Loss on Investment Properties | (234,926) | (249,529) | -5.9% | | Operating Loss | (227,641) | (121,081) | +88.0% | | Loss Before Income Tax | (198,940) | (80,414) | +147.4% | | Loss Attributable to Owners of the Company | (205,570) | (159,880) | +28.6% | | Loss Per Share (HK cents) | (9.94) | (7.72) | +28.8% | | Interim Dividend Per Share (HK cents) | 1.50 | 1.50 | 0.0% | - Group revenue significantly decreased by **50.5%** year-on-year to **HKD 261.116 million**, primarily due to a sharp reduction in toy business revenue[2](index=2&type=chunk) - Loss attributable to owners of the Company expanded to **HKD 205.57 million**, with basic loss per share increasing to **9.94 HK cents**[2](index=2&type=chunk) - Net revaluation loss on investment properties was **HKD 234.926 million**, slightly lower than the prior period, but remained a primary cause of operating loss[2](index=2&type=chunk)[3](index=3&type=chunk) [Property Investment and Management Business](index=1&type=section&id=Property%20Investment%20and%20Management%20Business) Property segment revenue fell 5.7% to HKD 74.8M, with HKD 234.9M revaluation losses causing a HKD 183.1M operating loss, yet long-term optimism persists - Property Investment and Management segment revenue decreased by **5.7%** year-on-year to **HKD 74.8 million**[3](index=3&type=chunk) - Fair value of investment properties was **HKD 4.2 billion**, with a net revaluation loss of **HKD 234.9 million**[3](index=3&type=chunk) - Segment operating loss (including property revaluation) was **HKD 183.1 million**, a slight narrowing compared to the prior period[3](index=3&type=chunk) - Total rental income from investment properties was **HKD 65 million**, a **5.1%** year-on-year decrease[4](index=4&type=chunk) - Overall occupancy rate of investment properties was approximately **58.8%**, down from **60.3%** as of December 31, 2024[4](index=4&type=chunk) [Property Investment](index=2&type=section&id=Property%20Investment) Key investment properties in Hong Kong and overseas face market challenges, but renovations and redevelopments aim to enhance long-term value - Key investment properties include commercial buildings (Playmates Group Building), residential units (Mid-Levels Tower), and industrial buildings (Playmates Industrial Building) in Hong Kong[4](index=4&type=chunk) - Overseas investment properties accounted for **9.6%** of the Group's total investment property portfolio fair value (December 31, 2024: **8.6%**)[4](index=4&type=chunk) - The Hong Kong retail and commercial property markets face challenges due to changing consumption patterns, office oversupply, and weak demand[5](index=5&type=chunk) - Internal renovation and refurbishment works for Mid-Levels Tower residential units commenced in 2021, expected to enhance long-term value[6](index=6&type=chunk) - Playmates Industrial Building received conditional planning approval for conversion to commercial use, with subsequent approval procedures currently underway[7](index=7&type=chunk) [Property Management](index=2&type=section&id=Property%20Management) Property management revenue decreased by 9.3% to HKD 9.8M, with Savills appointed for services, as the Group balances its portfolio for growth - Property management business segment revenue decreased by **9.3%** to **HKD 9.8 million**[9](index=9&type=chunk) - Savills Property Management Limited was appointed to manage Playmates Group Building and Playmates Industrial Building, providing comprehensive property management services[8](index=8&type=chunk) - The Group remains optimistic about the long-term prospects of property investment and will appropriately balance its investment property portfolio to achieve capital appreciation and recurring income growth[9](index=9&type=chunk) [Playmates Toys Business](index=3&type=section&id=Playmates%20Toys%20Business) Playmates Toys' global revenue plunged 58% to HKD 186M due to weak brands and trade tensions, resulting in a 43% gross margin and HKD 45M operating loss - Playmates Toys' global revenue decreased by **58%** year-on-year to **HKD 186 million**[10](index=10&type=chunk) - The revenue decrease was primarily attributed to reduced shipments of "Godzilla x Kong" products, a lack of major entertainment-driven events for the "Teenage Mutant Ninja Turtles" brand, and trade tensions hindering product shipments to the US market[10](index=10&type=chunk) - Toy sales gross margin decreased from **56%** in the prior period to **43%**, mainly impacted by US import tariffs, increased product development and tooling costs as a percentage of sales, and higher clearance costs for discontinued products[10](index=10&type=chunk) - Playmates Toys Group recorded an operating loss of **HKD 45 million** (prior period: operating profit of **HKD 68 million**), with a net loss of **HKD 25.6 million**[11](index=11&type=chunk) - The Group is prudently evaluating alternative sourcing options and closely monitoring changes in consumer behavior to address challenges from global trade dynamics and tariff adjustments[11](index=11&type=chunk) [Brand Overview](index=3&type=section&id=Brand%20Overview) The Group develops new product lines for key brands like Ninja Turtles and Power Rangers, aligning with entertainment releases to maintain relevance - The "Teenage Mutant Ninja Turtles" brand will launch a four-season series to connect with the movies, with the first season already aired on Paramount+ and Netflix, and seasons two to four planned for premiere this autumn[12](index=12&type=chunk) - A global licensing agreement was signed with Hasbro to produce and distribute "Power Rangers" toys, with initial products shipped and receiving positive feedback[13](index=13&type=chunk) - As the primary global toy licensee for "Godzilla x Kong," the Group will continue to develop and expand product lines, bringing MonsterVerse characters to life[14](index=14&type=chunk) - The "Winx Club: The Magic Is Back" CGI reboot will premiere on Netflix in October 2025, with the Group launching new fashion dolls and role-play toy lines this autumn[15](index=15&type=chunk) [Investment Business](index=4&type=section&id=Investment%20Business) The investment portfolio, valued at HKD 98.9M, generated HKD 11.5M net gain and HKD 22.2M income in H1 2025, with cautious monitoring ongoing - The fair market value of the investment portfolio was **HKD 98.9 million** (December 31, 2024: **HKD 109.1 million**), representing **1.7%** of the Group's total assets (December 31, 2024: **1.8%**)[17](index=17&type=chunk) - The investment portfolio included **HKD 23.6 million** in Hong Kong-listed securities and **HKD 75.3 million** in overseas-listed securities[17](index=17&type=chunk) - The top ten listed securities included NVIDIA, Amazon, Disney, Netflix, Tencent, Microsoft, Alphabet, Sun Hung Kai Properties, Goldman Sachs, and Apple[17](index=17&type=chunk) - A net investment gain of **HKD 11.5 million** was recorded in H1 2025 (H1 2024: **HKD 18.5 million**)[18](index=18&type=chunk) - Dividend and interest income from the investment portfolio amounted to **HKD 22.2 million** (H1 2024: **HKD 32.2 million**)[18](index=18&type=chunk) [Condensed Consolidated Financial Information](index=5&type=section&id=Condensed%20Consolidated%20Financial%20Information) [Condensed Consolidated Statement of Profit or Loss](index=5&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss) H1 2025 saw group revenue decline, leading to expanded operating and pre-tax losses, culminating in a HKD 218M period loss due to revaluation losses Key Data from Condensed Consolidated Statement of Profit or Loss (HKD Thousands) | Indicator | H1 2025 | H1 2024 | YoY Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 261,116 | 526,666 | -50.5% | | Cost of Sales | (114,281) | (202,529) | -43.6% | | Gross Profit | 146,835 | 324,137 | -54.7% | | Marketing and License Expenses | (47,609) | (91,651) | -48.1% | | Selling and Distribution Expenses | (15,629) | (31,725) | -50.7% | | Administrative Expenses | (76,312) | (72,313) | +5.5% | | Net Revaluation Loss on Investment Properties | (234,926) | (249,529) | -5.9% | | Operating Loss | (227,641) | (121,081) | +88.0% | | Net Other Income | 33,242 | 48,651 | -31.7% | | Finance Costs | (4,541) | (7,984) | -43.1% | | Loss Before Income Tax | (198,940) | (80,414) | +147.4% | | Income Tax Expense | (19,218) | (34,485) | -44.3% | | Loss for the Period | (218,158) | (114,899) | +89.9% | | Loss Attributable to Owners of the Company | (205,570) | (159,880) | +28.6% | - Period loss increased from **HKD 114.9 million** to **HKD 218.2 million**, and loss attributable to owners of the Company increased from **HKD 159.9 million** to **HKD 205.6 million**[20](index=20&type=chunk) [Condensed Consolidated Statement of Comprehensive Income](index=6&type=section&id=Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) Period loss expanded to HKD 218M, but positive foreign exchange differences partially offset this, resulting in a wider total comprehensive loss year-on-year Key Data from Condensed Consolidated Statement of Comprehensive Income (HKD Thousands) | Indicator | H1 2025 | H1 2024 | YoY Change (%) | | :--- | :--- | :--- | :--- | | Loss for the Period | (218,158) | (114,899) | +89.9% | | Exchange Differences Arising from Translation of Overseas Subsidiaries | 26,710 | (10,936) | N/A (from loss to gain) | | Total Comprehensive Income for the Period | (191,448) | (125,835) | +52.1% | | Total Comprehensive Income Attributable to Owners of the Company | (178,860) | (170,816) | +4.7% | - Exchange differences arising from the translation of overseas subsidiaries shifted from a loss of **HKD 10.936 million** in H1 2024 to a gain of **HKD 26.71 million** in H1 2025[21](index=21&type=chunk) - Total comprehensive loss for the period was **HKD 191.4 million**, an increase from **HKD 125.8 million** in the prior period[21](index=21&type=chunk) [Condensed Consolidated Statement of Financial Position](index=7&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) Total assets decreased due to reduced investment property values and lower trade receivables, leading to a decline in net current assets and total equity Key Data from Condensed Consolidated Statement of Financial Position (HKD Thousands) | Indicator | June 30, 2025 | Dec 31, 2024 | Change (%) | | :--- | :--- | :--- | :--- | | Investment Properties | 4,208,052 | 4,416,969 | -4.8% | | Trade Receivables | 45,697 | 138,475 | -67.0% | | Financial Assets at Fair Value Through Profit or Loss | 98,924 | 109,116 | -9.3% | | Cash and Bank Balances | 1,081,282 | 1,102,889 | -2.0% | | Bank Borrowings (Current) | 136,800 | 172,200 | -20.6% | | Trade Payables | 46,373 | 23,274 | +99.2% | | Net Current Assets | 952,320 | 1,039,474 | -8.4% | | Net Assets | 5,307,136 | 5,595,364 | -5.1% | | Total Equity | 5,307,136 | 5,595,364 | -5.1% | - Investment property value decreased from **HKD 4.417 billion** to **HKD 4.208 billion**[22](index=22&type=chunk) - Trade receivables significantly decreased by **67.0%** to **HKD 45.697 million**[22](index=22&type=chunk) - Trade payables within current liabilities significantly increased by **99.2%** from **HKD 23.274 million** to **HKD 46.373 million**[22](index=22&type=chunk) - Total assets less current liabilities decreased from **HKD 5.595 billion** to **HKD 5.307 billion**[22](index=22&type=chunk)[23](index=23&type=chunk) [Notes to the Condensed Consolidated Financial Information](index=9&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Information) This section details financial reporting basis, segment performance, and key financial items, highlighting declines in toy business and property revaluation losses - The Group's principal operating segments are Property Investment and Management, Investment, and Toys businesses[27](index=27&type=chunk)[28](index=28&type=chunk) [Basis of Preparation and Accounting Policies](index=9&type=section&id=Basis%20of%20Preparation%20and%20Accounting%20Policies) Financial information is prepared under HKAS 34 and Listing Rules, consistent with 2024 annual financial statements - This condensed consolidated financial information is prepared in accordance with Hong Kong Accounting Standard 34 "Interim Financial Reporting" issued by the HKICPA and the applicable disclosure provisions of the Listing Rules of the Stock Exchange[24](index=24&type=chunk) - The accounting policies adopted in preparing this condensed consolidated financial information are consistent with those applied in the annual financial statements for the year ended December 31, 2024[25](index=25&type=chunk) [Changes in Accounting Policies](index=9&type=section&id=Changes%20in%20Accounting%20Policies) HKFRS amendments had no material impact, and no new standards not yet effective were applied - Certain amendments to Hong Kong Financial Reporting Standards issued by the HKICPA had no significant impact on the Group's results and financial position[26](index=26&type=chunk) - The Group has not applied any new standards or interpretations that are not yet effective for the current accounting period[26](index=26&type=chunk) [Revenue and Segment Information](index=9&type=section&id=Revenue%20and%20Segment%20Information) Group segments include Property, Investment, and Toys, with H1 2025 showing a sharp drop in toy sales and continued property losses [Revenue Analysis](index=10&type=section&id=Revenue%20Analysis) H1 2025 total revenue fell 50.5% to HKD 261M, mainly due to a 58.3% drop in toy sales Revenue Analysis by Major Product or Service Line (HKD Thousands) | Revenue Source | H1 2025 | H1 2024 | YoY Change (%) | | :--- | :--- | :--- | :--- | | Toy Sales | 185,514 | 445,141 | -58.3% | | Property Management Income | 9,754 | 10,804 | -9.7% | | Investment Property Rental Income | 65,046 | 68,535 | -5.1% | | Dividend Income | 188 | 507 | -62.9% | | Interest Income | 614 | 1,679 | -63.4% | | Total Revenue | 261,116 | 526,666 | -50.5% | - Toy sales revenue significantly decreased from **HKD 445.141 million** to **HKD 185.514 million**[29](index=29&type=chunk) [Segment Results, Assets and Liabilities](index=10&type=section&id=Segment%20Results,%20Assets%20and%20Liabilities) Property segment loss widened, Toys shifted to a loss, and Investment gained, with changes across segment assets and liabilities Segment (Loss) / Profit Before Income Tax (HKD Thousands) | Segment | H1 2025 | H1 2024 | Change | | :--- | :--- | :--- | :--- | | Property Investment and Management Business | (186,720) | (196,637) | Loss narrowed | | Investment Business | 3,230 | (87) | From loss to profit | | Playmates Toys Business | (15,517) | 117,420 | From profit to loss | | Total Loss Before Income Tax | (198,940) | (80,414) | Loss expanded | - The Toys segment's pre-tax results shifted from a profit of **HKD 117.42 million** in H1 2024 to a loss of **HKD 15.517 million** in H1 2025[31](index=31&type=chunk)[32](index=32&type=chunk) - Reportable segment assets for Property Investment and Management decreased from **HKD 4.5656 billion** as of December 31, 2024, to **HKD 4.3598 billion** as of June 30, 2025[33](index=33&type=chunk)[34](index=34&type=chunk) [Geographical Segment Information](index=15&type=section&id=Geographical%20Segment%20Information) Revenue from Americas, Europe, and other Asia Pacific regions significantly declined, with most non-current assets in Hong Kong Revenue from External Customers (HKD Thousands) | Region | H1 2025 | H1 2024 | YoY Change (%) | | :--- | :--- | :--- | :--- | | Hong Kong | 75,602 | 81,629 | -7.4% | | Americas - United States | 131,459 | 309,462 | -57.5% | | Americas - Other Regions | 20,217 | 25,826 | -21.7% | | Europe | 31,351 | 90,536 | -65.3% | | Other Asia Pacific Regions Excluding Hong Kong | 2,487 | 18,825 | -86.8% | | Total | 261,116 | 526,666 | -50.5% | - Revenue from the Americas (primarily the US) significantly decreased from **HKD 309.462 million** to **HKD 131.459 million**[36](index=36&type=chunk) - Designated non-current assets in Hong Kong amounted to **HKD 3.8949 billion**, representing the vast majority of the total[36](index=36&type=chunk) [Major Customers](index=15&type=section&id=Major%20Customers) Three customers accounted for over 10% of total revenue in H1 2025, indicating increased client concentration - The Group's customer base included three (2024: two) customers whose transactions each accounted for over **10%** of the Group's total revenue[37](index=37&type=chunk) - Revenue from sales to these customers amounted to approximately **HKD 56.572 million**, **HKD 51.054 million**, and **HKD 50.122 million**, respectively[37](index=37&type=chunk) [Net Other Income](index=16&type=section&id=Net%20Other%20Income) Net other income decreased 31.7% to HKD 33.2M, mainly due to realized losses on financial assets and reduced interest income Composition of Net Other Income (HKD Thousands) | Item | H1 2025 | H1 2024 | YoY Change (%) | | :--- | :--- | :--- | :--- | | Net Gain / (Loss) on Financial Assets at Fair Value Through Profit or Loss | 11,480 | 18,516 | -38.0% | | —Unrealized | 12,325 | 14,005 | -12.0% | | —Realized | (845) | 4,511 | N/A (from gain to loss) | | Playmates Toys Treasury —Interest Income | 21,149 | 29,811 | -29.1% | | Playmates Toys Treasury —Dividend Income | 237 | 240 | -1.2% | | Other | 376 | 84 | +347.6% | | Total | 33,242 | 48,651 | -31.7% | - Realized gains on financial assets at fair value through profit or loss shifted from **HKD 4.511 million** to a loss of **HKD 0.845 million**[38](index=38&type=chunk) - Interest income from Playmates Toys Treasury decreased by **29.1%** to **HKD 21.149 million**[38](index=38&type=chunk) [Loss / Profit Before Income Tax](index=16&type=section&id=Loss%20%2F%20Profit%20Before%20Income%20Tax) Pre-tax loss expanded due to decreased revenue, despite reductions in cost of sales and royalties, while R&D and staff costs rose (Loss) / Profit Before Income Tax Deducted / (Credited) Items (HKD Thousands) | Item | H1 2025 | H1 2024 | YoY Change (%) | | :--- | :--- | :--- | :--- | | Cost of Inventories Sold | 90,999 | 184,619 | -50.7% | | Product Development and Tooling Costs | 14,946 | 10,638 | +40.5% | | Royalty Expenses | 25,849 | 58,936 | -56.1% | | Directors' and Employees' Remuneration | 41,926 | 39,857 | +5.2% | | Depreciation — Other Property, Plant and Equipment | 4,384 | 4,518 | -3.0% | | Depreciation — Right-of-Use Assets | 1,818 | 1,818 | 0.0% | | Interest Expense — Bank Borrowings | 3,632 | 6,323 | -42.6% | | Interest Expense — Lease Liabilities | 134 | 242 | -44.7% | | Net Exchange Gain | (1,075) | (315) | +241.3% | - Product development and tooling costs increased by **40.5%** to **HKD 14.946 million**[39](index=39&type=chunk) - Royalty expenses significantly decreased by **56.1%** to **HKD 25.849 million**[39](index=39&type=chunk) [Income Tax Expense](index=17&type=section&id=Income%20Tax%20Expense) Income tax expense fell 44.3% to HKD 19.2M, with unrecognized tax losses significantly increasing to HKD 66.1M Income Tax Expense (HKD Thousands) | Item | H1 2025 | H1 2024 | YoY Change (%) | | :--- | :--- | :--- | :--- | | Hong Kong Profits Tax | 11,273 | 15,565 | -27.6% | | Overseas Taxation | 7,578 | 12,897 | -41.3% | | Total Current Period Tax | 18,851 | 28,462 | -33.7% | | Deferred Tax | 367 | 6,023 | -93.9% | | Total Income Tax Expense | 19,218 | 34,485 | -44.3% | - As of June 30, 2025, the Group's accumulated unrecognized tax losses amounted to **HKD 66.159 million** (December 31, 2024: **HKD 11.071 million**) with no expiry date[41](index=41&type=chunk) [Dividends](index=17&type=section&id=Dividends) An interim dividend of 1.5 HK cents per share was declared, consistent with prior year, in addition to previous fiscal year dividends paid [Interim Dividend](index=17&type=section&id=Interim%20Dividend) An interim dividend of 1.5 HK cents per share was declared, payable September 19, 2025, to shareholders on record by September 2, 2025 - The Board resolved to pay an interim dividend of **1.5 HK cents** per share, consistent with H1 2024[43](index=43&type=chunk) - The interim dividend will be paid on September 19, 2025, to shareholders whose names appear on the Company's register of members as of September 2, 2025[43](index=43&type=chunk) [Dividends Paid for Previous Financial Year During Interim Period](index=18&type=section&id=Dividends%20Paid%20for%20Previous%20Financial%20Year%20During%20Interim%20Period) Second interim and special interim dividends for the previous fiscal year, totaling HKD 62.04M, were paid during the period Dividends Paid for Previous Financial Year During Interim Period (HKD Thousands) | Dividend Type | H1 2025 | H1 2024 | YoY Change (%) | | :--- | :--- | :--- | :--- | | Second Interim Dividend of 1.5 HK cents per share | 31,020 | 31,046 | -0.1% | | Special Interim Dividend of 1.5 HK cents per share | 31,020 | 31,045 | -0.1% | | Total | 62,040 | 62,091 | -0.1% | - During the interim period, the second interim dividend and special interim dividend for the previous financial year were both **1.5 HK cents** per share, totaling **HKD 62.04 million**[44](index=44&type=chunk) [Loss Per Share](index=18&type=section&id=Loss%20Per%20Share) Basic loss per share expanded to 9.94 HK cents, with diluted loss per share being identical due to no potential ordinary shares - Basic loss per share was **9.94 HK cents** (2024: **7.72 HK cents**), calculated based on the loss attributable to owners of the Company of **HKD 205.57 million** and a weighted average of **2.068 billion** ordinary shares outstanding[45](index=45&type=chunk) - Diluted loss per share was equal to basic loss per share, as there were no potential ordinary shares during the period[45](index=45&type=chunk) [Trade Receivables](index=19&type=section&id=Trade%20Receivables) Net trade receivables decreased 67% to HKD 45.7M, reflecting toy business seasonality, with a slight rise in customer discount provisions Trade Receivables (HKD Thousands) | Item | June 30, 2025 | Dec 31, 2024 | Change (%) | | :--- | :--- | :--- | :--- | | Gross Trade Receivables | 84,950 | 177,322 | -52.1% | | Less: Provision for Customer Discounts | (39,253) | (38,847) | +1.0% | | Net Trade Receivables | 45,697 | 138,475 | -67.0% | - Net trade receivables significantly decreased by **67.0%** to **HKD 45.697 million**, primarily reflecting the seasonal impact of the toy business[46](index=46&type=chunk) - Toy business customers typically have credit terms of **60 to 90 days**, while the Property Investment and Management business does not grant credit terms[46](index=46&type=chunk) [Trade Payables](index=19&type=section&id=Trade%20Payables) Total trade payables significantly increased 99.2% to HKD 46.4M, with a notable rise in short-term payables Trade Payables (HKD Thousands) | Ageing | June 30, 2025 | Dec 31, 2024 | Change (%) | | :--- | :--- | :--- | :--- | | 0 to 30 Days | 42,550 | 21,851 | +94.7% | | 31 to 60 Days | 1,758 | 1,389 | +26.6% | | Over 60 Days | 2,065 | 34 | +5973.5% | | Total | 46,373 | 23,274 | +99.2% | - Total trade payables significantly increased by **99.2%** from **HKD 23.274 million** to **HKD 46.373 million**[47](index=47&type=chunk) [US Dollar Equivalents](index=19&type=section&id=US%20Dollar%20Equivalents) US dollar equivalent figures are for reference only, based on HKD 7.8 to USD 1 as of June 30, 2025 - US dollar equivalent figures are based on an exchange rate of **HKD 7.8** to **USD 1** as of June 30, 2025, and are for reference only[48](index=48&type=chunk) [Financial Analysis](index=20&type=section&id=Financial%20Analysis) [Liquidity and Capital Structure](index=20&type=section&id=Liquidity%20and%20Capital%20Structure) Property business provides stable income, while toy seasonality impacts receivables; debt-to-tangible-assets ratio improved to 2.4%, with ample USD cash reserves - The Property Investment and Management business provided a relatively stable income source for the period, with an overall occupancy rate of **58.8%** (December 31, 2024: **60.3%**)[50](index=50&type=chunk) - The toy business is affected by industry seasonality, with trade receivables significantly decreasing after peak sales seasons, amounting to **HKD 44.435 million** as of June 30, 2025 (December 31, 2024: **HKD 136.67 million**)[50](index=50&type=chunk) - The debt-to-tangible-assets ratio (total bank borrowings as a percentage of total tangible assets) was **2.4%** (December 31, 2024: **2.9%**), and the liquidity ratio (current assets to current liabilities) was **3.4** (December 31, 2024: **3.4**)[51](index=51&type=chunk) - Cash and bank balances amounted to **HKD 1.081 billion** (December 31, 2024: **HKD 1.1029 billion**), with the majority (**HKD 1.012 billion**) denominated in US dollars[51](index=51&type=chunk) [Other Information](index=20&type=section&id=Other%20Information) [Repurchase, Sale or Redemption of Shares](index=20&type=section&id=Repurchase,%20Sale%20or%20Redemption%20of%20Shares) Neither the Company nor its subsidiaries repurchased, sold, or redeemed any shares, and no treasury shares were held - During the period, neither the Company nor its subsidiaries repurchased, sold, or redeemed any shares[52](index=52&type=chunk) - The Company held no treasury shares[52](index=52&type=chunk) [Corporate Governance](index=20&type=section&id=Corporate%20Governance) The Company complied with governance codes, except for combined Chairman/CEO roles, with the Board and Audit Committee ensuring effective oversight - The Company has adopted and complied with all applicable provisions of the Corporate Governance Code set out in Appendix C1 of the Listing Rules, except for the non-segregation of the roles of Chairman and Chief Executive Officer[53](index=53&type=chunk) - The Board believes the existing structure (with Executive Directors jointly handling daily operations) is appropriate to ensure effective management and oversight of the Group's business and operations[53](index=53&type=chunk) - The Audit Committee has reviewed accounting principles and practices with management and has reviewed the unaudited condensed consolidated financial information for the six months ended June 30, 2025[53](index=53&type=chunk) [Closure of Register of Members](index=21&type=section&id=Closure%20of%20Register%20of%20Members) Share transfer registration will be suspended from Sept 1-2, 2025, requiring submissions by Aug 29, 2025, for dividend eligibility - The Company will suspend registration of share transfers from September 1 to September 2, 2025 (both dates inclusive)[54](index=54&type=chunk) - Shareholders must lodge transfer documents with the relevant share certificates with the share registrar by 4:30 p.m. on August 29, 2025, to qualify for the interim dividend[54](index=54&type=chunk) [Board of Directors](index=21&type=section&id=Board%20of%20Directors) The Board comprises the Chairman, two Executive Directors, one Non-Executive Director, and three Independent Non-Executive Directors - The Board of Directors includes Mr. Chan Kwong Fai (Chairman), Executive Directors Ms. Chan Hoi Lun and Mr. Chan Kwong Keung, Non-Executive Director Mr. Li Ka Sze, and Independent Non-Executive Directors Mr. Law Kai Yiu, Dr. Ko Ching Fai, and Mr. Jim Tak Chee[55](index=55&type=chunk)

本文源自：金融界AI电报 彩星集团(00635.HK)发布公告，集团截至2025年6月30日止六个月未经审核收入约港币2.61亿元，相对 于2024同期的收入为港币5.27亿元;预期集团取得净亏损约港币2.18亿元，相对于2024年同期为净亏损港 币1.15亿元。 ...

该期间净亏损主要是由于：(1)该期间集团投资物业的半年度重估出现重估亏绌，于该期间的重估亏绌 (乃非现金的项目)约为港币2.35亿元，相对于2024年同期的重估亏绌则为港币2.5亿元，(2)公司的主要附 属公司—彩星玩具有限公司的表现(彩星玩具，连同其附属公司为"彩星玩具集团")，彩星玩具集团截至 该期间的未经审核收入约港币1.86亿元，相对于2024年同期的收入为港币4.45亿元;预期彩星玩具集团截 至该期间净亏损约港币2600万元，相对于2024年同期净溢利为港币9100万元。 彩星集团(00635)发布公告，集团截至2025年6月30日止六个月未经审核收入约港币2.61亿元，相对于 2024同期的收入为港币5.27亿元;预期集团取得净亏损约港币2.18亿元，相对于2024年同期为净亏损港币 1.15亿元。 ...

该期间净亏损主要是由于：(1)该期间集团投资物业的半年度重估出现重估亏绌，于该期间的重估亏绌 (乃非现金的项目)约为港币2.35亿元，相对于2024年同期的重估亏绌则为港币2.5亿元，(2)公司的主要附 属公司—彩星玩具有限公司的表现(彩星玩具，连同其附属公司为"彩星玩具集团")，彩星玩具集团截至 该期间的未经审核收入约港币1.86亿元，相对于2024年同期的收入为港币4.45亿元;预期彩星玩具集团截 至该期间净亏损约港币2600万元，相对于2024年同期净溢利为港币9100万元。 智通财经APP讯，彩星集团(00635)发布公告，集团截至2025年6月30日止六个月未经审核收入约港币 2.61亿元，相对于2024同期的收入为港币5.27亿元;预期集团取得净亏损约港币2.18亿元，相对于2024年 同期为净亏损港币1.15亿元。 ...