格隆汇8月6日丨明源云(00909.HK)发布公告，2025年8月6日，公司注销918.2万股回购的股份。 ...

智通财经APP讯，明源云(00909)发布公告，于2025年8月6日注销已回购股份合共918.2万股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 明源雲集團控股有限公司 呈交日期： 2025年8月6日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 確認 根據《主板上市規則》第13.25C條 / 《GEM上市規則》第17.27C條，我們在此確認，據我們所知所信，第一章節所述的每項股份發行或庫存股份出售或轉讓已獲發行人董事會正式授權批准，並遵 照所有適用上市規則、法律及其他監管規定進行，並在適用的情況下： (註7) (i) 上市發行人已收取其在是次股份發行或庫存股份出售或轉讓應得的全部款項； (viii) 有關債券、借貸股份、票據或公司債券的信託契約/平邊契據經已製備及簽署，有關詳情已送呈公司註冊處處長存檔（如法律如此規定）。 第一章節註釋： 若股份曾以超過一個每股價格發行/出售/購 ...

Core Viewpoint - The real estate industry is currently in a relatively smooth adjustment phase, with a significant decline in contract amounts affecting revenue expectations for the first half of 2025, leading to an anticipated revenue drop of 14.8% year-on-year to 610 million RMB [1] Revenue Performance - In 2024, the company's revenue was 1.435 billion RMB, a year-on-year decline of 12.5%, with an adjusted net loss of 40 million RMB, an improvement from a loss of 170 million RMB in 2023, primarily due to a substantial reduction in expenses [2] - Total expenses for 2024 were 1.484 billion RMB, down 28.8% year-on-year, with sales, management, and R&D expenses decreasing by 17.8%, 53.0%, and 25.0% respectively [2] - The workforce has been reduced from 4,247 in 2021 to 1,912 by the end of 2024, with further reductions expected to 1,600-1,700 by mid-2025 [2] Business Line Performance - Customer relationship management revenue was 859 million RMB, down 9.2% year-on-year, with cloud customer revenue at 810 million RMB, a decline of 6.6% [2] - Project construction revenue decreased by 20.7% to 124 million RMB [2] - Asset management and operations revenue grew by 14.2% to 100 million RMB, driven by local city investment companies focusing on revitalizing existing real estate for operational gains [2] - Revenue from the Tianji PaaS platform fell by 24.6% to 112 million RMB, significantly impacted by reduced demand from residential developers [2] AI Product Development - The company has deepened its AI product matrix, with expected contract amounts for AI products in 2025 potentially exceeding expectations, aiming for 30 million RMB in the first half and 60 million RMB for the entire year [3] - In 2024, the cumulative contract amount for cloud customer AI products reached approximately 28 million RMB, covering around 1,000 real estate projects [3] - The integration of the DeepSeek large model into the company's AI digital marketing products has been successful, with applications in over 2,500 projects across three industries, achieving a daily inference volume exceeding 120,000 [3] Profit Forecast and Valuation - Revenue forecasts for 2025-2026 have been revised down to 1.29 billion RMB and 1.24 billion RMB respectively, with a new forecast for 2027 at 1.25 billion RMB [4] - Non-GAAP net profit predictions for 2025-2026 are maintained at 57 million RMB and 108 million RMB, with a new forecast for 2027 at 175 million RMB [4]

光大证券报告预测，明源云在2025年上半年的收入预计将因2024年下半年签约项目金额下降而同比下滑 14.8%，总收入预计为6.1亿元人民币。其中，本地化部署软件及服务收入预计下滑超过20%，云服务收 入预计下降13%至5.3亿元。然而，公司通过持续降本增效，经调整净利润有望在上半年转正。报告同 时看好公司AI产品的商业化进展，预计2025年AI产品签约金额将达到6000万元。维持"增持"评级。 ...

Investment Rating - The report maintains a "Buy" rating for the company [5] Core Views - The real estate industry is in a relatively smooth adjustment phase, with a significant decline in the company's contracted project amounts in 24H2, leading to a forecasted revenue drop of 14.8% year-on-year for 1H25, amounting to 610 million RMB [1] - The company is focusing on the commercialization of AI products, with expectations for AI product contract amounts in 2025 to exceed previous estimates, potentially reaching 60 million RMB [3] - The company has implemented strong cost control measures, which are expected to accelerate the path to breakeven, despite a downward revision of revenue forecasts for 2025-2026 [4] Revenue Performance - In 2024, the company reported a revenue of 1.435 billion RMB, a year-on-year decline of 12.5%, with an adjusted net loss of 40 million RMB, an improvement from a loss of 170 million RMB in 2023 [2] - The breakdown of revenue shows a decline in customer relationship management revenue by 9.2% to 859 million RMB, while asset management and operations revenue grew by 14.2% to 100 million RMB [2] AI Product Development - The company has launched multiple AI+ marketing products, with a total contract amount of approximately 28 million RMB for AI products in 2024, covering around 1,000 real estate projects [3] - The integration of the DeepSeek large model into the company's AI digital marketing products has been successful, with daily inference usage exceeding 120,000 [3] Financial Forecasts - The revenue forecasts for 2025 and 2026 have been revised down to 1.291 billion RMB and 1.243 billion RMB respectively, with a new forecast for 2027 set at 1.25 billion RMB [4] - Non-GAAP net profit forecasts for 2025 and 2026 are maintained at 57 million RMB and 108 million RMB respectively, with a new forecast for 2027 at 175 million RMB [4]

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 FF301 本月底法定/註冊股本總額： HKD 380,000 第 1 頁 共 10 頁 v 1.1.1 截至月份: 2025年7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: 明源雲集團控股有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2025年8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) | 00909 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 3,800,000,000 | HKD | | 0.0001 HKD | | 380,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 3,80 ...

智通财经APP获悉，香港证监会通告，在原讼法庭取得针对中大国际控股有限公司(中大国际)前副主席 兼执行董事张玉清(男)的取消资格令。未经法庭许可，张不得担任香港任何上市或非上市法团的董事， 及不得参与该等法团的管理，为期六年。该取消资格令的期限反映了其失当行为的严重性。 至于有关"中威客车"20%股权的出售，该股权按大幅低于其价值的价格，被转移至由徐氏兄弟拥有或控 制的一家私人公司，而中大国际或其附属公司并无收到任何款项。张担任"中威客车"的董事并负责其财 务管理，理应知悉所造成的股权变动，并应采取行动防止或汇报该项出售，但他并没有通知董事会，违 反了其保障中大国际权益的职责。 鉴于张知悉该未经授权的资金转移及其在"中威客车"的管理层角色，他理应知道中大国际的2011年中期 业绩没有反映该未经授权的资金转移及该项出售，但他仍批准了2011年中期业绩的发布，而该业绩当中 包含了虚假或具误导性的资料。 虽然并无提出关于张在该未经授权的资金转移或该项出售中谋取私利的指称，但法庭经考虑其违规行为 的严重性及涉及的庞大金额后，认同证监会的观点，即将取消资格令期限订为六年，是适当的做法。 该法律程序源于证监会的调查，当中 ...

Group 1 - The article reports on share buybacks conducted by various companies on July 25, 2025, with Yum China (09987) having the largest buyback amount of 6.2679 million yuan for 16,700 shares [1][2] - The total number of shares repurchased by Yum China in the year reached 3.2541 million, accounting for 0.870% of its total share capital [2] - Other notable companies involved in buybacks include Huajian Medical (01931) with 1.414 million shares repurchased for 5.0763 million yuan, and Mengniu Dairy (02319) with 200,000 shares for 3.4333 million yuan [2] Group 2 - The buyback activities reflect a strategic move by companies to enhance shareholder value and signal confidence in their financial health [1] - The buyback amounts and share counts for other companies include Xinyi International (00732) with 2.644 million shares for 3.2257 million yuan, and Beike-W (02423) with 462,600 shares for 3 million yuan [2] - The data indicates a diverse range of companies participating in buybacks, suggesting a broader trend in the market towards returning capital to shareholders [1][2]

Group 1: AI Integration in Real Estate - Mingyuan Cloud has integrated the DeepSeek large model, achieving over 2,500 project applications across real estate, home furnishing, and automotive industries, with a daily inference usage exceeding 120,000 [2] - The "AI Capability Three-Step" strategy proposed by Mingyuan Cloud allows real estate companies to enhance efficiency and reduce costs throughout investment management, project construction, and rental/sales operations [2] - Mingyuan Cloud has launched a series of AI products for marketing, including AI Creative Workshop, AI Live Broadcast, AI Salesperson, and AI Traffic Flow, transforming every aspect of marketing [2] Group 2: Partnerships and Collaborations - LianTou Real Estate and Mingyuan Cloud have integrated AI into real estate marketing, creating a digital marketing system that covers the entire customer lifecycle [4] - China Resources Land and Mingyuan Cloud have developed an integrated media matrix for customer acquisition across platforms like Douyin, Xiaohongshu, and Video Number [4] - Poly and Run have upgraded their direct sales capabilities through AI, achieving a 30-fold increase in exposure and a 25% increase in lead generation while reducing project costs by nearly 300,000 [5] Group 3: Digital Transformation in Project Management - Guangzhou Industrial Investment Group and Mingyuan Cloud aim to create a digital benchmark in engineering construction, focusing on quality, safety, planning, cost, design, and documentation [6] - Guiyang Investment Control and Mingyuan Cloud are developing a project management platform to enhance management efficiency and precision [6] - Suqian City Investment and Mingyuan Cloud are leveraging digital transformation for efficient management of state-owned assets, providing comprehensive oversight of asset operations [6] Group 4: International Expansion and Events - Mingyuan Cloud's overseas company MytePro has launched its Tokyo office, marking a significant step in its global business expansion [12] - MytePro hosted an event in Hong Kong focusing on AI's role in driving digital transformation in the real estate and construction sectors, attracting various industry stakeholders [12] - Mingyuan Cloud has organized numerous forums and events across China, engaging over 600 leaders from state-owned enterprises to discuss key development topics in the real estate sector [11]