Core Viewpoint - The company expects a significant reduction in net loss attributable to shareholders for the six months ending June 30, 2025, compared to the same period in 2024, primarily due to a one-time provision related to receivables from connected companies [1] Financial Performance - The anticipated net loss attributable to shareholders for the six months ending June 30, 2025, is approximately RMB 33.6 million, a decrease from approximately RMB 92.3 million for the same period in 2024 [1] - The reduction in loss is mainly attributed to a one-time provision of approximately RMB 60.6 million made for receivables from connected companies during the six months ending June 30, 2024 [1]

Core Viewpoint - The company, Huangting Zhijia (01575), anticipates a significant reduction in net loss attributable to shareholders for the six months ending June 30, 2025, projecting a loss of approximately RMB 33.6 million, compared to a loss of about RMB 92.3 million for the same period ending June 30, 2024 [1] Financial Summary - The expected reduction in loss is primarily due to a one-time provision of approximately RMB 60.6 million made for receivables from related companies during the six months ending June 30, 2024, which will not recur in the relevant period [1]

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 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。 REGAL PARTNERS HOLDINGS LIMITED 由 於 本 公 司 仍 在 落 實 本 集 團 於 相 關 期 間 的 未 經 審 核 綜 合 中 期 業 績，本 公 告 所 載資料僅基於董事會目前所得資料及董事會對本集團相關期間的未經審核管 理 賬 目 的 初 步 審 閱 而 得 出，有 關 賬 目 未 經 本 公 司 獨 立 核 數 師 及╱或 董 事 會 的 審 核 委 員 會 審 閱 或 審 核。本 集 團 於 相 關 期 間 的 實 際 財 務 業 績 可 能 有 別 於 本 公 告 所 披 露 的 資 料。股 東 及 有 意 投 資 者 務 請 細 閱 本 公 司 有 關 本 集 團 相 關 期 間 的 中 期 業 績 公 告，預 期 公 告 會 根 據 上 市 規 則 的 規 定 在2025年8月29日 刊 發。 – ...

FF301 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: 2025年7月31日 狀態: 新提交 第 1 頁 共 10 頁 v 1.1.1 FF301 致：香港交易及結算所有限公司 公司名稱: 皇庭智家控股有限公司（於開曼群島註冊成立的有限公司） 呈交日期: 2025年8月4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) | 01575 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | USD | | 0.001 USD | | | 10,000,000 | | 增加 / 減少 (-) | | | | | | USD | | | | | 本月底結存 | | | 10,000, ...

行业估值方面，家庭电器及用品行业市盈率（TTM）平均值为13.18倍，行业中值3.94倍。皇庭智家市 盈率-1.57倍，行业排名第75位；其他丽年国际（09918.HK）为1.55倍、凯富善集团控股（08512.HK） 为1.61倍、华讯（00833.HK）为3.07倍、盛诺集团（01418.HK）为3.87倍、旷世芳香（01925.HK）为 4.02倍。 资料显示，皇庭智家控股有限公司是一家香港上市公司(股份代号:01575),旗下集团综合了设计、生产、 销售及市场推广业务模式。以2015年往美国出口额计算,公司是三大中国软垫沙发生产商之一。公司出 口沙发及沙发套至主要美国等海外市场,同时透过设于香港及上海的旗舰店在境内销售。 （以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 本文源自：金融界 5月8日，截至港股收盘，恒生指数上涨0.37%，报22775.92点。皇庭智家（01575.HK）收报0.059港元/ 股，上涨31.11%，成交量572.2万股，成交额31.18万港元，振幅37.78%。 最近一个月来，皇庭智家累计跌幅42.31%，今年来累计跌幅26.23%，跑输 ...

Financial Performance - Revenue decreased by approximately 36.4% to approximately RMB119.5 million in 2024 compared to RMB188.0 million in 2023[14] - Gross profit for the Group was approximately RMB27.9 million in 2024, down from approximately RMB69.5 million in 2023[14] - The Group's loss for the year increased by approximately 239.5% to approximately RMB88.6 million in 2024, compared to RMB26.1 million in 2023[14] - Basic loss per share was approximately RMB3.28 cents in 2024, compared to RMB0.92 cents in 2023[14] - The Group's total revenue decreased by 36.4% year-on-year to approximately RMB 119.5 million, primarily due to weakening disposable incomes in European and American households amid persistent inflation[79] - The Group's net loss amounted to approximately RMB 88.6 million, compared to a net loss of approximately RMB 26.1 million in 2023[79] - Gross profit decreased to approximately RMB27.9 million in 2024, down approximately 60.0% from RMB69.5 million in 2023, with the gross profit margin declining from 37.0% to 23.3%[99] - The Group's basic and diluted loss per ordinary share was approximately RMB3.28 cents for 2024, compared to RMB0.92 cents in 2023[97] Strategic Initiatives - The Company adopted a dual production base strategy to mitigate operational risks, with production in both domestic and overseas locations[17] - Construction of the new production facility in Southeast Asia was completed, and trial production commenced in the second half of 2024[17] - The newly established overseas factory received positive customer feedback, evidenced by an increase in orders, including from new customers[17] - The company plans to phase out retail operations of its in-house sofa brand to reduce marketing expenses while focusing on export OEM business[21] - The Group established a joint venture with a local renowned furniture brand in the U.S. to enhance market exposure and leverage their sales capabilities[84] - The Group's strategic focus on product quality and innovative designs has helped to consolidate existing customer bases and penetrate new markets despite challenging economic conditions[86] - The Group's strategic adjustments aimed to bolster competitiveness and capture additional market share amid significant market challenges[82] Market Conditions - The Company faced significant economic challenges in major markets, particularly in the U.S., Europe, and China, due to high home prices and elevated mortgage rates[16] - The global household market is projected to reach USD 1,087.5 billion by 2032, with significant demand for personalized home decor products in the United States[25] - Southeast Asia has seen a continuous uptrend in furniture exports throughout 2024, supported by government policies aimed at fostering the furniture industry[20] - The consumer price index in China hit a decade-low, while the GDP growth rate reached 5%, aligning with the national target, indicating a challenging economic backdrop[78] - Challenges in the U.S. economy include budget deficits, public debt, and labor market issues, which have adversely impacted the Group's business due to changing trade policies with China[180] - The Group has assessed the business risks arising from changes in U.S.-China trade policies and is exploring various means to mitigate these risks[181] Corporate Governance - The Company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[183] - The Board of Directors is responsible for overseeing management and financial performance, holding regular meetings to discuss business operations[189] - The composition of the Board includes both executive and independent non-executive Directors, with specific roles and responsibilities outlined[194] - The board of directors consists of 3 executive directors, 2 non-executive directors, and 4 independent non-executive directors[196] - Independent non-executive directors represent more than one-third of the board, ensuring adequate control and balance for shareholder interests[200] - The independent non-executive directors provide independent and objective opinions to protect the overall interests of shareholders[199] Financial Management - The company has implemented prudent financial management practices, refraining from acquiring additional bank loans to maintain a robust financial position[26] - The Group's liquidity policy ensures sufficient cash reserves and committed funding lines to meet short and long-term liquidity requirements[168][172] - The Group's interest rate risk is monitored continuously, adjusting bank deposits and borrowings as necessary[176] - The Group's credit risk is primarily from trade receivables, with the five largest customers accounting for approximately 60.2% of total trade receivables as of December 31, 2024[174][175] Management and Leadership - The company is led by Chairman Tse Kam Pang, who holds approximately 74.86% of the issued share capital[40] - CEO Chong Tsz Ngai has over ten years of experience in corporate finance and was appointed as an executive director on October 17, 2022[41][47] - Zou Gebing, who served as chairman and CEO from 2016 to 2022, resigned on January 8, 2024[43][48] - The management team includes individuals with extensive backgrounds in international trade and corporate finance, enhancing strategic decision-making[42][47] Operational Challenges - The Group incurred a loss attributable to owners of the Company of approximately RMB 87,656,000 for the year ended 31 December 2024[134] - As of 31 December 2024, the Group had net current liabilities of approximately RMB 186,275,000 and net liabilities of approximately RMB 234,724,000[134] - The auditors were unable to obtain sufficient appropriate audit evidence regarding the balances with Zou Entities as at 31 December 2024 and 2023[139] - The management acknowledges the qualified opinion issued by the auditors due to the uncooperative attitude of the Zou Entities[145] - The company is exploring various solutions to recover amounts due from ZOU Entities, facing substantial difficulties due to the financial condition of ZOU Entities and suspected debt evasion[153] Employee and Operational Metrics - As of December 31, 2024, the Group employed 220 employees, a decrease from 338 employees as of December 31, 2023[161][163] - The total annual salary and related costs for 2024 were approximately RMB 37.8 million, down from RMB 53.8 million in 2023[161][163]

机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，家庭电器及用品行业市盈率（TTM）平均值为12.51倍，行业中值3.94倍。皇庭智家市 盈率-1.19倍，行业排名第81位；其他丽年国际（09918.HK）为1.48倍、凯富善集团控股（08512.HK） 为1.63倍、华讯（00833.HK）为3.07倍、盛诺集团（01418.HK）为3.36倍、兴利(香港)控股 （00396.HK）为3.9倍。 4月16日，截至港股收盘，恒生指数下跌1.91%，报21056.98点。皇庭智家（01575.HK）收报0.044港元/ 股，上涨29.41%，成交量779万股，成交额30.11万港元，振幅29.41%。 最近一个月来，皇庭智家累计跌幅67.62%，今年来累计跌幅44.26%，跑输恒生指数7.01%的涨幅。 财务数据显示，截至2024年12月31日，皇庭智家实现营业总收入1.2亿元，同比减少36.42%；归母净利 润-8765.6万元，同比减少254.48%；毛利率23.3%，资产负债率218.94%。 （以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 本文源自：金 ...

Financial Performance - Revenue for the year ending December 31, 2024, decreased by approximately 36.4% to about RMB 119.5 million, compared to RMB 188.0 million in 2023[5] - Basic loss per share for 2024 is approximately RMB 3.28, compared to a basic loss per share of approximately RMB 0.92 in 2023[5] Announcement Clarification - The announcement clarifies that all other information in both the Chinese and English versions remains unchanged[6]

Financial Performance - Revenue for the year ended December 31, 2024, increased by approximately 36.4% to RMB 119.5 million compared to RMB 88.0 million in 2023[4] - Gross profit for 2024 was approximately RMB 27.9 million, down from RMB 69.5 million in 2023[4] - The net loss for 2024 increased by approximately 239.5% to RMB 88.6 million, compared to RMB 26.1 million in 2023[4] - Basic loss per share for 2024 was approximately RMB 3.28, compared to RMB 0.92 in 2023[6] - The group reported a pre-tax loss of RMB 88,643 thousand in 2024, compared to a pre-tax loss of RMB 26,130 thousand in 2023[25] - The company's loss before tax for 2024 was approximately RMB 87,656,000, compared to RMB 24,728,000 in 2023, indicating a significant increase in losses[49] - The net loss for the group was approximately RMB 88.6 million, compared to RMB 26.1 million in 2023[63] - The company's total revenue for 2024 was approximately RMB 119.5 million, a decrease of about 36.4% compared to RMB 188.0 million in 2023[70] Dividends and Shareholder Returns - The board of directors did not recommend any final dividend for the year ended December 31, 2024, consistent with 2023[4] - The board of directors did not recommend any dividend for the year ended December 31, 2024, consistent with the previous year[50] - No final dividend is recommended for the year ending December 31, 2024, consistent with the previous year[115] Assets and Liabilities - Total assets decreased from RMB 240.9 million in 2023 to RMB 172.96 million in 2024[7] - Current liabilities decreased from RMB 365.5 million in 2023 to RMB 359.2 million in 2024[7] - As of December 31, 2024, the company's total non-current liabilities amounted to RMB 72,839,000, an increase from RMB 71,054,000 in the previous year[8] - The company's net debt stood at RMB 234,724,000 as of December 31, 2024, compared to RMB 152,531,000 in the previous year, indicating a significant increase in leverage[8] - The company's total equity deficit was RMB 234,724,000, reflecting a deterioration from RMB 152,531,000 in the previous year[8] - The total current liabilities increased from RMB 351,969,000 to RMB 365,456,000 after reclassification adjustments[20] - The net current liabilities increased from RMB (111,024,000) to RMB (124,511,000) after adjustments[20] - The total non-current liabilities decreased from RMB 84,541,000 to RMB 71,054,000 following the reclassification[20] Cash Flow and Financing - The company plans to secure external funding to improve its working capital and cash flow situation[14] - The major shareholder has committed to providing up to HKD 200,000,000 in unsecured loans to support the company's operations[14] - The company completed a placement of 550,000,000 shares at HKD 0.051 per share, raising approximately HKD 27,801,000 net of expenses[14] - The group successfully obtained additional external financing to improve cash flow[19] - The group has initiated a restructuring plan to address financial difficulties, with 20% of the total outstanding loans already paid to China Merchants Bank[55] Operational Performance - The company reported a significant increase in selling and distribution expenses, totaling RMB 32.98 million in 2024 compared to RMB 48.74 million in 2023[5] - The cost of goods sold decreased to RMB 91,166,000 in 2024 from RMB 146,132,000 in 2023, reflecting a reduction of approximately 37.7%[7] - Sales and distribution expenses decreased by approximately 32.2% to RMB 33.0 million from RMB 48.7 million in 2023, reflecting the closure of certain subsidiaries in the US and UK[77] - Administrative expenses were reduced by approximately 29.4% to RMB 45.8 million from RMB 64.9 million in 2023, primarily due to the closure of subsidiaries in the US and UK[78] - The group strengthened cost control and accelerated the collection of trade and other receivables, generating positive operating cash flow[19] Market and Revenue Breakdown - Retail segment revenue decreased to RMB 36,144 thousand in 2024 from RMB 58,644 thousand in 2023, a decline of 38%[25] - Production segment revenue decreased to RMB 83,363 thousand in 2024 from RMB 129,331 thousand in 2023, a decline of 36%[25] - Total revenue for the group fell to RMB 119,507 thousand in 2024, down 36% from RMB 187,975 thousand in 2023[25] - Revenue from customers in the People's Republic of China (including Hong Kong) was RMB 42,311 thousand in 2024, down 36% from RMB 65,947 thousand in 2023[32] - Revenue from the United States decreased to RMB 28,209 thousand in 2024 from RMB 60,471 thousand in 2023, a decline of 53%[32] - Revenue from the production and sale of sofas and other furniture products for 2024 was RMB 119,507,000, a decrease of 36.5% compared to RMB 187,967,000 in 2023[36] Legal and Governance - Legal advice is being sought by the group regarding claims and is preparing to vigorously defend against them[59] - The group has recognized a provision of RMB 3 million for claims related to a civil lawsuit[58] - The audit committee agrees with management's view regarding the auditors' qualified opinion due to insufficient evidence related to the Zhao entity[100] - The company is committed to resolving audit issues and has been cooperating with auditors to obtain necessary evidence[101] - The company has established a share option plan to reward eligible individuals for their contributions to the group, adopted on December 10, 2016[106] Employee and Corporate Governance - The company has a total of 220 employees as of December 31, 2024, down from 338 employees as of December 31, 2023[105] - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[119] - The company has maintained high standards of corporate governance to protect shareholder interests and enhance corporate value[111] - The company will continue to review its corporate governance practices to meet the growing expectations of shareholders and investors[112] Future Outlook and Strategy - The company plans to operate under a light asset model to reduce operational pressure and risks while expanding into existing markets, including the US, Europe, and mainland China[107] - The company is considering legal actions and other recovery measures to retrieve amounts owed by the Zhao entity[101] - The group is actively expanding its manufacturing presence in Southeast Asia, with new factories expected to start production in the second half of the year[64] - The group has developed innovative sofa products designed for efficient space utilization and transportation, addressing rising logistics costs[65] - The group has committed to sustainability by launching stylish sofas made from eco-friendly leather materials[65]

Incentive Plan - The fair value of share awards granted under the incentive plan for the year ended December 31, 2023, is RMB 3,070,000, with individual share prices of HKD 0.13 and HKD 0.12 for awards granted on October 2, 2023, and August 2, 2023, respectively [2]. - The company recognized an expense of RMB 498,000 related to the incentive plan for the year ended December 31, 2023 [2]. - The purchase price for share awards granted under the incentive plan was set at HKD 0.18 per share, considering the closing prices of HKD 0.182 and HKD 0.175 on August 1, 2023, and September 29, 2023, respectively [1]. - The incentive plan aims to reward employees based on their contributions and potential long-term growth for the company [2]. Board of Directors - The company’s board of directors includes executive directors Mr. Xie Jinpeng and Mr. Zhuang Ziyi, and independent non-executive directors such as Professor Xue Yongheng and Professor Li Zhuofen [4].