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]

Financial Performance - Total retail sales (including leased merchants) reached RMB 3,404.5 million[2] - Total revenue from sales and leasing income amounted to RMB 2,980.4 million[2] - Total operating revenue was RMB 2,040.7 million, a decrease from RMB 3,018.3 million in the previous year[4] - The pre-tax profit for the period was RMB 52.4 million, down from RMB 233.0 million year-on-year[4] - Net profit for the period was RMB 11.9 million, compared to RMB 95.0 million in the previous year[4] - Basic earnings per share for the period were RMB 0.50, down from RMB 1.60[6] - Total revenue for the six months ended June 30, 2025, was RMB 2,040,674,000, a decrease from RMB 3,018,329,000 for the same period in 2024, representing a decline of approximately 32.4%[27][28] - Operating profit for the six months ended June 30, 2025, was RMB 345,872,000, compared to RMB 628,878,000 in 2024, reflecting a decrease of about 45%[27][28] - The company reported a net profit of RMB 11,924,000 for the six months ended June 30, 2025, down from RMB 95,030,000 in 2024, indicating a decline of approximately 87.5%[27][28] - Other income for the first half of 2025 was RMB 454.4 million, down approximately RMB 70.5 million from RMB 524.9 million in the previous year[64] Assets and Liabilities - Total assets as of June 30, 2025, were RMB 46,409.0 million, slightly down from RMB 46,462.5 million at the end of 2024[10] - Total liabilities increased to RMB 24,708.7 million from RMB 24,228.0 million year-on-year[11] - The group’s net current liabilities were approximately RMB 3,108,486,000 as of June 30, 2025, with current bank and other borrowings due within the next 12 months amounting to RMB 5,070,915,000[14] - Total bank borrowings as of June 30, 2025, were RMB 11,317.4 million, up from RMB 10,536.4 million at the end of 2024, with a debt-to-asset ratio of 24.4%[76] Cash Flow - Cash and cash equivalents rose to RMB 858.0 million from RMB 440.0 million at the end of 2024[10] - As of June 30, 2025, cash and cash equivalents increased to RMB 858.0 million from RMB 440.0 million at the end of 2024, with net cash inflow from operating activities amounting to RMB 553.5 million[75] Revenue Breakdown - For the six months ending June 30, 2025, total customer contract revenue was RMB 1,586,302,000, a decrease of 36.4% compared to RMB 2,493,460,000 for the same period in 2024[24] - Direct sales revenue was RMB 588,991,000, down 14.7% from RMB 690,083,000 in the previous year[24] - Property sales revenue significantly decreased to RMB 50,799,000 from RMB 664,624,000, reflecting a decline of 92.3%[24] - Rental income from shops was RMB 277,032,000, a decrease of 13.9% compared to RMB 322,449,000 in 2024[24] - The total sales and rental income for the first half of 2025 was RMB 2,980.4 million, a decrease of 26.5% compared to the same period in 2024[59] - The total sales from franchised counters amounted to RMB 1,809.8 million, down 32.3% year-on-year, while direct sales and rental income decreased by 14.6% and 15.8%, respectively[60] - The group's main business revenue for the first half of 2025 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[63] Cost Management - The company incurred financing costs of RMB 293,464,000 for the six months ended June 30, 2025, down from RMB 347,242,000 in 2024, a reduction of approximately 15.5%[31] - Employee expenses for the six months ended June 30, 2025, were RMB 171.3 million, a decrease of 16.5% compared to RMB 205.1 million in the same period last year, primarily due to ongoing cost reduction efforts in human resources[66] - Other operating expenses decreased by 20.6% to RMB 414.9 million from RMB 522.4 million in the previous year, attributed to effective cost control measures[68] - Financing costs decreased by approximately 15.5% year-on-year, attributed to lower interest rates on interest-bearing liabilities and the conversion of certain related party loans to perpetual bonds[51] Strategic Initiatives - The company has focused on brand upgrades and operational innovations, aiming to enhance consumer experience and adapt to market demands[47] - The company plans to continue its growth strategy by optimizing existing stores and enhancing product offerings to meet evolving consumer preferences[47] - The company is focusing on upgrading and reshaping its offerings based on the evolving consumer market, particularly targeting Gen Z, female economy, and senior consumers, which are driving consumption growth[48] - The company is implementing a strategy of transitioning from joint operations to leasing, focusing on enhancing experience-driven and leisure-oriented business models[52] - The company is optimizing its brand and operational layout, emphasizing both international and domestic brands, and increasing the proportion of dining and leisure offerings[50] - The company is leveraging digital platforms for integrated operations, utilizing various online channels to capture consumer traffic and enhance sales effectiveness[54] - The introduction of the "Mao Yue Hui" membership management system aims to improve customer interaction and provide comprehensive services, enhancing the overall consumer experience[54] - The company is accelerating the iteration of its business models to balance short-term pressures with long-term growth opportunities[53] - The company is focusing on creating a differentiated competitive advantage through the introduction of new brands and innovative retail experiences[49] Market Trends - The overall consumer trend remains rational and practical, with a continued preference for affordable and essential goods[40] - The economic outlook for the second half of 2025 indicates a stable growth policy aimed at reinforcing domestic demand and promoting high-quality development[41] - Future outlook indicates a potential recovery in consumer spending, supported by government policies aimed at boosting domestic demand[58] Online Sales Performance - In the first half of 2025, the group's online sales amounted to approximately RMB 93.01 million, reflecting a decline compared to the same period last year[55] - The group's online store broadcasting business achieved sales of RMB 18.42 million, a year-on-year increase of 971%[56] - The total number of members in the group's online mall reached 3.02 million, a year-on-year growth of 3.1%, with total member spending amounting to approximately RMB 1.353 billion[56]

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]

Core Viewpoint - Maoye International (00848) announced its subsidiary, Maoye Commercial Co., Ltd. (600828.SH), reported unaudited operating revenue of approximately RMB 1.263 billion for the six months ending June 30, 2025 [1] Financial Performance - The unaudited operating cost for the same period was 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 34.5898 million [1] Asset Overview - As of June 30, 2025, Maoye Commercial Group reported unaudited total assets of approximately RMB 18.28 billion [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 ...

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 。 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） 於其他海外監管市場發佈的公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條的規定而 發表。 以下公告的中文原稿由茂業國際控股有限公司旗下一間於上海證券交易所 上市的A股附屬公司，茂業商業股份有限公司於2025年8月26日於中國境內 發佈。 承董事會命 茂業國際控股有限公司 董事長 黃茂如先生 香港，2025 年 8 月 26 日 於本公告刊發日期，本公司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。 茂业商业股份有限公司2025 年半年度报告 1 / 204 茂业商业股份有限公司2025 年半年度报告 重要提示 一、 本公司董事 ...