Financial Performance - Revenue for the six months ended June 30, 2025, was HKD 369,420,000, a decrease of 12.5% compared to HKD 422,038,000 for the same period in 2024[2] - The company reported a pre-tax loss of HKD 153,800,000, compared to a pre-tax loss of HKD 117,183,000 in the previous year, representing a 31.1% increase in losses[2] - The net loss for the period was HKD 147,326,000, compared to a net loss of HKD 117,277,000 in 2024, indicating a 25.6% increase in losses[3] - Total comprehensive loss for the period attributable to owners of the company was HKD 110,883,000, down from HKD 156,061,000 in the previous year, a decrease of 29.0%[3] - Basic and diluted loss per share was HKD 21.84, compared to HKD 17.50 in the previous year, reflecting a 24.0% increase in loss per share[3] - The group reported a total loss of HKD 147,326,000 for the six months ended June 30, 2025, compared to a loss of HKD 117,277,000 for the same period in 2024, representing a 25.7% increase in losses[26] - The property agency segment incurred a loss of HKD 103,246,000, while the financial services segment reported a loss of HKD 429,000[24] Revenue Breakdown - Revenue from property agency services was HKD 362,985,000, down 10.3% from HKD 404,543,000 in the previous year[19] - Interest income from receivables was HKD 6,435,000, a significant decline of 63.2% compared to HKD 17,495,000 in the prior period[19] - The property agency business generated revenue of approximately HKD 363 million, accounting for 98% of total revenue, while the financial services segment contributed approximately HKD 6 million, representing 2% of total revenue[54] - The financial services segment's revenue was approximately HKD 6 million, down from HKD 17 million in the previous year, with a focus on maintaining long-term customer relationships through rigorous risk control measures[57] Assets and Liabilities - Non-current assets decreased to HKD 599,827,000 from HKD 646,531,000, a decline of 7.2%[5] - Current assets decreased to HKD 999,738,000 from HKD 1,092,436,000, a reduction of 8.5%[5] - Cash and cash equivalents at the end of the period were HKD 164,248,000, down from HKD 210,526,000, a decrease of 22.0%[9] - As of June 30, 2025, the company reported accounts receivable of HKD 544,446,000, a decrease from HKD 564,005,000 as of December 31, 2024[36] Cash Flow - Operating cash flow for the period was a net outflow of HKD 50,393,000, compared to a net outflow of HKD 42,840,000 in 2024[9] Dividends - The company did not declare any dividends for the period[3] - The company did not recommend any dividend for the six months ended June 30, 2025, consistent with the previous period where no dividend was declared[30] Employee Costs - Total employee costs for the six months ended June 30, 2025, were HKD 329,095,000, down 16.8% from HKD 395,767,000 in the same period of 2024[29] Stock Options - The company adopted a stock option plan on May 23, 2023, to attract and retain top employees, effective for 10 years[45] - The maximum number of shares that can be granted under the stock option plan is capped at 10% of the company's issued share capital as of the adoption date, which is 67,414,998 shares[46] - As of June 30, 2025, the total number of stock options granted under the plan is 67,380,000 shares, subject to performance conditions[48] - The exercise price for the stock options is set at HKD 1.85 per share, with a fair value of approximately HKD 41,648,000 determined using a binomial option pricing model[51] - No stock options were granted, exercised, canceled, or lapsed during the six months ended June 30, 2025[52] Market Conditions - The macro environment in the first half of 2025 was uncertain, with a year-on-year decline of 11.2% in national real estate development investment[53] - The group is focusing on core cities and high-value areas to adjust its market layout and strengthen cost control during the industry adjustment period[53] - For the second half of 2025, the group anticipates a continued weak recovery in the domestic real estate market, supported by government policies aimed at reducing uncertainty and enhancing market clarity[59] - The group aims to leverage AI innovation technology to analyze market demand trends and provide personalized services through an online and offline dual-track operation model[59] Corporate Governance - The company has not appointed a CEO since March 21, 2025, with the chairman, Mr. Fu, overseeing daily operations and management[79] - The board believes its structure ensures a balance of power and authority, composed of experienced individuals who regularly discuss operational matters[79] - The company has adopted the standard code of conduct for securities trading as per the listing rules, confirming full compliance by all directors[81] Shareholding Structure - Fu's Family Limited holds 29,431,304 shares, with Mr. Fu owning 70%, Ms. Wu 15%, and Ms. Fu 15%[70] - China-net Holding Ltd. is fully owned by Mr. Fu, holding 112,418,263 shares[71] - Major shareholders include Mr. Fu with 195,616,312 shares (29.02%) and Concrete Win Limited with 169,293,497 shares (25.11%)[75] - Major shareholders include China-net Holding Ltd. with 130,762,340 shares (19.40%) and Rainbow Cross Limited with 78,319,938 shares (11.62%)[75] - The company has not repurchased any shares since its listing and has no treasury shares as of June 30, 2025[78] - The company has no outstanding stock options as of the end of the reporting period[72]

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 致：香港交易及結算所有限公司 公司名稱: 合富輝煌集團控股有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 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) | 00733 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 8,000,000,000 | HKD | | 0.01 | HKD | | 80,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 8,000,000,000 | HKD | | 0.01 | HKD | | 80,000,000 | 本月底法定/註冊股本總額： HKD 80,000,000 FF30 ...

Core Viewpoint - The company reported a significant decline in revenue and an increase in losses for the six months ending June 30, 2025, indicating challenges in the real estate market [1] Financial Performance - The company achieved revenue of HKD 369 million, a year-on-year decrease of 12.47% [1] - The loss attributable to shareholders was HKD 147 million, an increase of 24.8% compared to the previous year [1] - Basic loss per share was HKD 0.2184 [1] Sales Performance - The total sales amount for properties was approximately HKD 25.3 billion, down about 35% from HKD 39.1 billion in the same period last year [1] - The total sales area of properties was approximately 1.1 million square meters [1]

Core Viewpoint - The company reported a decline in revenue and an increase in losses for the six months ending June 30, 2025, indicating challenges in the real estate market [1] Financial Performance - The company achieved revenue of 369 million HKD, a year-on-year decrease of 12.47% [1] - The loss attributable to shareholders was 147 million HKD, an increase of 24.8% compared to the previous year [1] - Basic loss per share was 21.84 HKD cents [1] Sales Performance - The total sales value of properties was approximately 25.3 billion HKD, down about 35% from 39.1 billion HKD in the same period last year [1] - The total sales area of properties was approximately 1.1 million square meters [1]

Group 1 - The company reported a revenue of HKD 369 million for the six months ending June 30, 2025, representing a year-on-year decrease of 12.5% [1] - The loss attributable to the company's owners was HKD 147 million, compared to a loss of HKD 118 million in the same period last year [1] - The basic loss per share was HKD 0.2184 [1]

Financial Performance - Revenue for the six months ended June 30, 2025, was HKD 369,420,000, a decrease of 12.5% compared to HKD 422,038,000 for the same period in 2024[2] - Other income for the same period was HKD 3,302,000, down from HKD 7,796,000, representing a decline of 57.6%[2] - Selling expenses amounted to HKD 362,691,000, a decrease of 11.8% from HKD 411,526,000 in the previous year[2] - Administrative expenses were HKD 121,666,000, slightly down from HKD 125,258,000, indicating a reduction of 2.3%[2] - The company reported a loss before tax of HKD 153,800,000, compared to a loss of HKD 117,183,000 in the same period last year, reflecting an increase in losses of 31.1%[2] - The net loss for the period was HKD 147,326,000, compared to a loss of HKD 117,277,000 in the previous year, marking a 25.7% increase in losses[2] - Basic and diluted loss per share was HKD 21.84, compared to HKD 17.50 in the previous year, indicating a worsening of 24.0%[4] - The company did not declare any dividends for the period, consistent with the previous year[4] Assets and Liabilities - Non-current assets decreased from HKD 646,531,000 to HKD 599,827,000, a decline of approximately 7.2%[5] - Current assets decreased from HKD 1,092,436,000 to HKD 999,738,000, a decline of about 8.5%[6] - Total liabilities decreased from HKD 329,356,000 to HKD 325,483,000, a reduction of approximately 1.1%[6] - Total equity decreased from HKD 1,289,878,000 to HKD 1,177,386,000, a decline of about 8.7%[6] - Cash and cash equivalents decreased from HKD 210,526,000 to HKD 164,248,000, a decrease of approximately 22%[5] - The company reported a net current asset value of HKD 674,255,000, down from HKD 763,080,000, a decrease of about 11.7%[6] - The company’s total assets decreased from HKD 1,409,611,000 to HKD 1,274,082,000, a decline of approximately 9.6%[6] - The company’s total non-current liabilities decreased from HKD 119,733,000 to HKD 96,696,000, a reduction of about 19.2%[6] - The company’s total borrowings decreased from HKD 122,872,000 to HKD 108,241,000, a reduction of about 11.9%[6] Revenue Segmentation - The group identified two reportable segments: Property Agency and Financial Services, each requiring different business strategies[10] - Commission income from property agency services was HKD 362,985,000 for the six months ended June 30, 2025, compared to HKD 404,543,000 in 2024, indicating a decrease of about 10.3%[12] - Interest income from loans receivable was HKD 6,435,000 for the six months ended June 30, 2025, down from HKD 17,495,000 in 2024, reflecting a significant decline of approximately 63.2%[12] - The property agency business generated revenue of approximately HKD 363 million, accounting for 98% of the group's total revenue, while the financial services segment contributed approximately HKD 6 million, accounting for 2%[43] Operational Strategies - The financial results indicate a challenging market environment, prompting the company to explore new strategies for recovery and growth[2] - The company is focusing on improving operational efficiency to mitigate losses and enhance profitability in future periods[17] - The company is actively pursuing digital transformation strategies, enhancing its online property search platform "Banglin Find House" to provide a more precise and intelligent user experience[46] - The group aims to leverage AI innovation technology to address market demand dynamics and provide personalized services through an online and offline dual-track operation model[47] - The company has strengthened cost control and improved transaction skills to counter market fluctuations and prepare for industry recovery[42] Employee and Corporate Governance - The group had approximately 2,500 full-time employees as of June 30, 2025, emphasizing the importance of employees as valuable assets[53] - The group has established an audit committee consisting of three current independent non-executive directors to review the unaudited interim results for the six months ended June 30, 2025[49] - The company adopted a stock option plan on May 23, 2023, to attract and retain top employees, effective for 10 years[30] - A total of 67,380,000 shares can be purchased under the stock option plan, with a vesting period of no less than 12 months[35] - The maximum number of shares that can be issued under the plan does not exceed 10% of the company's issued share capital as of the adoption date, which is 67,414,998 shares[33] Market Outlook - The management anticipates a continued weak recovery in the domestic real estate market in the second half of 2025, with government policies expected to reduce uncertainty and clarify development trends[47] - The group has expanded its agency business coverage to approximately 40 major cities nationwide, with over 400 agency projects and around 10 second-hand branches[45] Financial Health - As of June 30, 2025, the group maintained a healthy financial position with cash and bank deposits of approximately HKD 164 million, down from HKD 211 million as of December 31, 2024[50] - The current ratio was 3.07 as of June 30, 2025, compared to 3.32 as of December 31, 2024[50] - Total borrowings amounted to approximately HKD 117 million, a decrease from HKD 123 million as of December 31, 2024[50] - The capital debt ratio was approximately 7.3% as of June 30, 2025, slightly up from 7.1% as of December 31, 2024[50] - The group pledged investment properties and machinery valued at approximately HKD 69 million to secure bank loans as of June 30, 2025, compared to HKD 66 million as of December 31, 2024[51] Related Party Transactions - There were no significant transactions with related parties during the six months ended June 30, 2025, consistent with the previous year[29] - The company did not recognize any impairment losses on accounts receivable for the six months ended June 30, 2025, similar to the previous year[27]

Core Viewpoint - The company, Hopson Development Holdings (00733.HK), anticipates a shareholder loss of HKD 130 million to HKD 160 million for the six months ending June 30, 2025, primarily due to a sluggish real estate market and intense competition in the property agency sector [1] Group 1 - The expected loss for the company is between HKD 130 million and HKD 160 million [1] - The decline in revenue from the property agency business is attributed to the overall downturn in the real estate market [1] - Increased competition within the property agency industry has further exacerbated the revenue decline [1]

Group 1 - The company, 合富辉煌 (00733), expects a shareholder loss of between HKD 130 million to HKD 160 million for the six months ending June 30, 2025 [1] - The primary reason for this anticipated loss is the overall sluggishness of the real estate market during the period [1] - Increased competition in the property agency sector has led to a decline in revenue from property agency services [1]

Group 1 - The company, 合富辉煌 (00733), expects a shareholder loss of between HKD 130 million to HKD 160 million for the six months ending June 30, 2025 [1] - The primary reason for this anticipated loss is the overall sluggishness of the real estate market during the period [1] - Increased competition in the property agency sector has led to a decline in revenue from property agency services [1]

(股份代號: 733) 内幕消息 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部 或任何部分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。 HOPEFLUENT GROUP HOLDINGS LIMITED 合富輝煌集團控股有限公司 ( 於開曼群島註冊成立的有限公司 ) 盈利警告 本公告乃由合富輝煌集團控股有限公司（「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)條以及內幕消息條文（定義見上市規則）所參照之證券及期貨條例第 XIVA 部（香港法例第 571 章）而刊發。 本公司董事（「董事」）會（「董事會」）謹此通知本公司股東（「股東」） 及潛在投資者，根據最新未經審核財務資料之初步評估，本集團預計於截至二 零二五年六月三十日止六個月的股東應佔虧損錄得一億三千萬至一億六千萬港 元，其主因是由於期內房地產市場整體低迷及物業代理行業競爭激烈導致物業 代理業務收入減少。 本公司仍在落實本集團截至二零二五年六月三十日止六個月之中期業績。本公 告所載 ...