Financial Performance - For the six months ended June 30, 2025, total sales proceeds and rental income amounted to RMB 2,980,354, a decrease of 26.5% compared to RMB 4,053,269 in 2024[25] - Total operating revenue for the same period was RMB 2,040,674, down 32.4% from RMB 3,018,329 in 2024[25] - Operating profit decreased to RMB 345,872, representing a decline of 45% from RMB 628,878 in 2024[25] - Profit for the period was RMB 11,924, a significant drop of 87.5% compared to RMB 95,030 in 2024[25] - Earnings per share (basic and diluted) fell to RMB 0.5 cents, down from RMB 1.6 cents in 2024, reflecting a decrease of 68.75%[25] - Revenue for the Group was RMB 1,586.3 million, a decrease of approximately RMB 907.2 million compared to RMB 2,493.5 million in the same period last year, primarily due to a decrease in property delivery income of RMB 613.8 million[83] - Other income decreased to RMB 454.4 million, down approximately RMB 70.5 million from RMB 524.9 million in the previous year[85] - The Group recorded an operating profit of RMB 345.9 million for the six months ended June 30, 2025, representing a decrease of 45.0% from RMB 628.9 million for the same period in 2024[98] - The net profit for the first half of 2025 was RMB 11.9 million, with a profit before income tax of RMB 52.4 million[101] - Profit before income tax for the six months ended June 30, 2025, was RMB 52,394,000, a decrease from RMB 232,973,000 in the same period of 2024[173] Store Operations and Expansion - As of June 30, 2025, the Group operated 48 stores across 21 cities in China, with a total gross floor area of approximately 3.1 million sq.m., of which 79.3% was attributable to self-owned properties[19] - The Group's strategic expansion includes key cities such as Shenzhen, Zhuhai, Chengdu, and Nanjing, enhancing its market presence in rapidly growing regions[19] - The Group's stores in the South China region introduced new dining options, including GaGa Cafe and Shake Shack, enhancing the consumer experience[48] - The Taiyuan Maoye Complex launched the first MAMMUT S-class flagship store nationally, showcasing the Group's commitment to brand innovation[48] - The Inner Mongolia Mall City store introduced POP MART, while the Nanjing Maoye Complex created an anime and manga-themed district, showcasing innovative store concepts[49] - The Group's operational strategy includes the transformation of department stores into shopping centers, prioritizing experiential scenarios and composite commercial spaces[48] Market Trends and Economic Environment - China's GDP for the first half of 2025 reached RMB 66.05 trillion, representing a year-on-year increase of 5.3%[28] - Total retail sales of consumer goods in China for the first half of 2025 reached RMB 24,545.8 billion, a year-on-year increase of 4.8%[29] - Online retail sales in China reached RMB 7,429.5 billion, representing a year-on-year increase of 8.5%[29] - The domestic economy is expected to continue stabilizing growth with ongoing policy measures to boost demand[30] - Retail sales at convenience stores, supermarkets, and specialty stores increased year-on-year by 7.5%, 5.4%, and 6.4%, respectively[29] Cost Management and Financial Health - The Group achieved a year-on-year decrease in operating expenses, with water and utilities expenses down approximately 8.7% and employee expenses down approximately 16.5%[54] - Finance costs decreased by approximately 15.5% year-on-year, attributed to a slight decrease in interest rates on interest-bearing liabilities and the conversion of certain related party borrowings into perpetual bonds[54] - Employee expenses amounted to RMB 171.3 million, representing a decrease of 16.5% year-on-year due to cost reduction efforts[87] - Other operating expenses totaled RMB 414.9 million, down 20.6% from RMB 522.4 million in the previous year, attributed to effective expense control[89] Digital Transformation and E-commerce - The Group's e-commerce channel is undergoing a transformation, with live-streaming stores generating tens of millions in sales, reflecting a shift towards precision marketing[49] - The Group's digital business platform was strengthened, integrating online and offline operations to build a multi-channel operational ecosystem[59] - The "Mao Yue Hui" membership management system was established to enhance customer interaction and provide comprehensive consumption services[59] - The Group's "Mao Le Hui" online mall recorded sales of approximately RMB 93.01 million in the first half of 2025, representing a decrease compared to the same period last year[63] - The online store broadcasting business achieved performance of RMB 18.42 million, reflecting a year-on-year increase of 971%[64] Shareholder and Governance Information - The Group did not issue any ordinary shares with a dilutive effect during the reporting period[26] - The board of directors did not recommend the declaration of an interim dividend for the six months ended June 30, 2025, consistent with the previous period[117] - The company has not established any foreign exchange risk hedging arrangements as of June 30, 2025[116] - The Company has complied with the Corporate Governance Code provisions, except for the nomination committee, which currently consists of directors of a single gender[139] - The Company is committed to resolving existing litigation and transferring interests in certain department stores to the Group as per the deed of non-competition dated April 17, 2008[148] Assets and Liabilities - Total assets as of June 30, 2025, amounted to RMB 46,409,004, a slight decrease from RMB 46,462,491 as of December 31, 2024[166] - Current liabilities decreased to RMB 13,234,088 from RMB 12,804,068, with contract liabilities specifically dropping from RMB 1,060,791 to RMB 945,592[166] - Non-current liabilities increased to RMB 11,474,643 from RMB 11,423,919, primarily due to an increase in interest-bearing bank and other borrowings[167] - Total equity decreased to RMB 21,700,273 from RMB 22,234,504, reflecting a reduction in reserves from RMB 12,470,145 to RMB 12,529,430[167] - The total liabilities increased to RMB 24,708,731 from RMB 24,227,987, reflecting a growing debt profile[167] Future Outlook and Strategic Initiatives - The Group aims to transform from traditional department store retail to a new retail business model, emphasizing high-efficiency offline consumption experiences[20] - The Group aims to strengthen its market position through brand adjustment and creative marketing strategies[37] - The Group is focusing on optimizing brand portfolios and marketing innovations to consolidate market leadership positions across all regions[52] - The Group is balancing short-term and long-term benefits to enhance overall performance while navigating the transition to new business formats[58] - The Group expects to continue generating cash inflows from operating activities over the next 12 months, supported by the confidence in renewing bank borrowings based on past experience and credit standing[188]

致：香港交易及結算所有限公司 公司名稱: 茂業國際控股有限公司 呈交日期: 2025年9月2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) | 00848 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 9,000,000,000 | HKD | | 0.1 | HKD | | 900,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 9,000,000,000 | HKD | | 0.1 | HKD | | 900,000,000 | 本月底法定/註冊股本總額： HKD 900,000,000 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: ...

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 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 MAOYE INTERNATIONAL HOLDINGS LIMITED 茂業國際控股有限公 司 （於開曼群島註冊成立的有限公司） （股份代號：848） 截至2025年6月30日止六個月之中期業績 摘要 1 • 門店零售總額（含租賃商戶）達人民幣3,404.5百萬元 • 銷售所得款項及租賃收入總額為人民幣2,980.4百萬元 • 經營收入總額為人民幣2,040.7百萬元 • 本期錄得除稅前利潤為人民幤52.4百萬元，淨利潤為人民幣11.9百萬元 • 期內每股基本盈利為人民幣0.50分，董事會不建議就截至2025年6月30日止六 個月派發中期股息 中期業績 茂業國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及其附屬 公司（「本集團」）截至2025年6月30日止六個月之未經審核綜合中期業績。 中期簡明綜合損益表 | | | 截至6月30日止六個月 | | | --- | --- | ...

Performance Summary - China People's Insurance Group reported revenue of 324.12 billion yuan, a year-on-year increase of 10.87%, and a net profit of 26.67 billion yuan, up 13.98% [1] - China Life Insurance recorded revenue of 239.49 billion yuan, a 2.2% increase, with a net profit of 40.93 billion yuan, growing by 6.9% [1] - CNOOC's revenue was approximately 207.61 billion yuan, down 8.45%, with net profit around 69.5 billion yuan, a decrease of 13% [2] - Meituan's revenue reached 178.40 billion yuan, up 14.7%, but adjusted net profit fell by 41% to 12.44 billion yuan [3] - CITIC Bank's revenue was 105.43 billion yuan, down 2.96%, while net profit increased by 2.8% to 36.48 billion yuan [3] - Fosun International's revenue decreased by 10.8% to 87.28 billion yuan, with net profit down 8.2% to 0.66 billion yuan [3] - New Hope Energy reported revenue of 55.67 billion yuan, a 2% increase, but net profit decreased by 5.6% to 2.43 billion yuan [4] - China Cinda's revenue was 34.36 billion yuan, down 2%, while net profit increased by 5.8% to 2.28 billion yuan [5] - China Orient Group's revenue decreased by 12% to 19.86 billion yuan, but net profit surged by 116% to 0.20 billion yuan [6] - Shimao Group's revenue fell by 49% to 14.80 billion yuan, with a net loss of 8.93 billion yuan, narrowing by 61% [7] - Chongqing Steel's revenue was approximately 13.08 billion yuan, down 13.26%, with a net loss of 0.13 billion yuan, narrowing by 81% [8] - United Group's revenue increased by 197.3% to 12.08 billion yuan, with a net profit of 1.69 billion yuan, reversing from a loss of 0.21 billion yuan [9] - Chow Sang Sang's revenue decreased by 2.5% to 11.04 billion yuan, while net profit increased by 71.4% to 0.90 billion yuan [10] - Tianhong International's revenue was 11.03 billion yuan, down 1.86%, with net profit rising by 53.33% to 0.42 billion yuan [11] - Meidong Automotive's revenue fell by 4.9% to 10.14 billion yuan, with a net loss of approximately 0.82 billion yuan, expanding by about 29 times [12] - Jian Sha Tsui's revenue was 8.24 billion yuan, down 6.6%, with net profit of 2.33 billion yuan, a decrease of 7.06% [13] - Sino Land's revenue decreased by 6.64% to 8.18 billion yuan, with net profit down 8.7% to 4.02 billion yuan [14] - Xinyi International's revenue was 8.10 billion yuan, down 5.7%, with net profit of 0.14 billion yuan, a decrease of 19.22% [15] - Fuyao Glass reported revenue of approximately 7.74 billion yuan, down 27.7%, with net profit of approximately 0.26 billion yuan, a decrease of 82.6% [16] - Tianjin Port Development's revenue increased by 3% to 6.95 billion yuan, while net profit decreased by 17.3% to 0.35 billion yuan [17] - Guotai Junan International's revenue was approximately 2.83 billion yuan, up 30%, with net profit of approximately 0.55 billion yuan, a growth of 182% [21] - IGG's revenue decreased by 0.5% to 2.72 billion yuan, with net profit down 2.85% to 0.32 billion yuan [22] - China Aircraft Leasing's revenue was 2.40 billion yuan, down 4.86%, while net profit increased by 6.66% to 0.14 billion yuan [22] - China Orient Education's revenue increased by 10.2% to 2.19 billion yuan, with net profit rising by 48.4% to 0.40 billion yuan [23] Corporate News - China Shengmu signed a new procurement framework agreement with Yiyingmei Dairy for milk powder [24] - Rongchang Bio's clinical trial for Taitasip in treating IgA nephropathy reached its primary endpoint in Phase III [24] - China Huaxing's Bagua City project is expected to start construction in October, with completion by the end of 2026 [24] Buyback Activities - Tencent Holdings repurchased 909,000 shares for 550 million HKD at prices between 596-614.5 HKD [24] - HSBC repurchased 1.5472 million shares for approximately 156 million HKD at prices between 100.2-101.5 HKD [24] - Hang Seng Bank repurchased 210,000 shares for approximately 23.49 million HKD at prices between 111.5-112.2 HKD [24] - MGM China repurchased 1 million shares for approximately 16.02 million HKD at prices between 15.92-16.13 HKD [24]

Core Points - The company reported a revenue of RMB 1.586 billion for the six months ending June 30, 2025, representing a year-on-year decrease of 36.38% [1] - The profit attributable to ordinary shareholders was RMB 25.822 million, down 68.85% year-on-year [1] - Earnings per share were reported at 0.05 cents [1] Business Operations - As of June 30, 2025, the company operated and managed 48 stores across 21 cities in China, with a total building area of approximately 3.1 million square meters [1] - The proportion of self-owned property operating area was 79.3%, while the rental area from related parties accounted for 85.8% [1] - Key cities covered include Shenzhen and Zhuhai in Guangdong; Chengdu, Nanchong, and Mianyang in Sichuan; Chongqing; Wuxi, Yangzhou, Taizhou, Nanjing, and Huai'an in Jiangsu; Zibo, Jinan, and Heze in Shandong; Qinhuangdao and Baoding in Hebei; Shenyang and Jinzhou in Liaoning; Taiyuan in Shanxi; and Hohhot and Baotou in Inner Mongolia [1]

Group 1 - The company reported a revenue of RMB 1.586 billion for the six months ending June 30, 2025, representing a year-on-year decrease of 36.38% [1] - The profit attributable to ordinary shareholders was RMB 25.822 million, a decline of 68.85% compared to the previous year [1] - Earnings per share were recorded at 0.05 cents [1] Group 2 - The company operates and manages 48 stores across 21 cities in China, with a total building area of approximately 3.1 million square meters [1] - The proportion of self-owned property operating area is 79.3%, while the rental area from related parties accounts for 85.8% [1] - Key cities covered include Shenzhen and Zhuhai in Guangdong; Chengdu, Nanchong, and Mianyang in Sichuan; Chongqing; Wuxi, Yangzhou, Taizhou, Nanjing, and Huai'an in Jiangsu; Zibo, Jinan, and Heze in Shandong; Qinhuangdao and Baoding in Hebei; Shenyang and Jinzhou in Liaoning; Taiyuan in Shanxi; and Hohhot and Baotou in Inner Mongolia [1]

MAOYE INTERNATIONAL HOLDINGS LIMITED 茂業國際控股有限公 司 （於開曼群島註冊成立的有限公司） 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 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 （股份代號：848） 截至2025年6月30日止六個月之中期業績 摘要 1 • 門店零售總額（含租賃商戶）達人民幣3,404.5百萬元 • 銷售所得款項及租賃收入總額為人民幣2,980.4百萬元 • 經營收入總額為人民幣2,040.7百萬元 • 本期錄得除稅前利潤為人民幤52.4百萬元，淨利潤為人民幣11.9百萬元 • 期內每股基本盈利為人民幣0.50分，董事會不建議就截至2025年6月30日止六 個月派發中期股息 中期業績 茂業國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及其附屬 公司（「本集團」）截至2025年6月30日止六個月之未經審核綜合中期業績。 中期簡明綜合損益表 | | | 截至6月30日止六個月 | | | --- | --- | ...

Core Viewpoint - Maoye International (00848) announced that its non-wholly owned subsidiary, Maoye Commercial (600828.SH), achieved approximately RMB 1.263 billion in unaudited operating revenue for the six months ending June 30, 2025, indicating a strong performance in the retail sector [1] Financial Performance - For the six months ending June 30, 2025, Maoye Commercial reported unaudited operating costs of approximately RMB 503 million, resulting in an unaudited gross profit of approximately RMB 760 million [1] - The unaudited net profit attributable to equity shareholders of Maoye Commercial was approximately RMB 34.59 million for the same period [1] Asset Overview - As of June 30, 2025, Maoye Commercial Group reported total unaudited assets of approximately RMB 18.28 billion, reflecting the company's substantial asset base [1]

智通财经APP讯，茂业国际(00848)发布公告，该公司非全资附属公司茂业商业股份有限公司 (600828.SH)于截至2025年6月30日止6个月取得未经审核经营收入约人民币12.63亿元、未经审核经营成 本约人民币5.03亿元、未经审核毛利润约人民币7.6亿元及未经审核茂业商业权益股东应占净利润约人民 币3458.98万元。于2025年6月30日，茂业商业集团取得未经审核约人民币182.8亿元的总资产。 ...

MAOYE INTERNATIONAL HOLDINGS LIMITED 茂業國際控股有限公司 （於開曼群島註冊成立的有限公司） 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 引致的任何損失承擔任何責任。 （股份代號：848） 於本公告刊發日期，董事會包括三位執行董事黃茂如先生、盧小娟女士及唐海峰先生；一 位非執行董事黃維正先生；以及三位獨立非執行董事饒永先生、浦炳榮先生及高亞軍先生。 本公司於上海證券交易所上市的非全資附屬公司茂業商業股份有限公司（股票代碼：600828.SH） （"茂業商業"，與其子公司合稱"茂業商業集團"）已於聯交所網站以及上海證券交易所網站發 布其截至 2025 年 6 月 30 日止的半年度報告（"半年度報告"）。 半年度報告載有（ 其中包括 ）茂業商業集團按照中華人民共和國財政部制定的企業會計準則（"中 國會計準則"）編製的截至 2025年 6 月 30日止 6 個月的未經審計財務資料（"半年度業績"）。 根據中國會計準則，茂業商業集團於截至 2025 ...