Group 1 - The core point of the article is that Aidi Te (301580.SZ) announced a share reduction plan by Junlian Xinkang and HAL, which will take place within three months after the announcement [1] - The total number of shares to be reduced is up to 3,196,930 shares, accounting for 3.0000% of the company's total share capital [1] - The reduction will occur through two methods: a maximum of 1,065,640 shares (1.0000% of total share capital) will be sold via centralized bidding, and up to 2,131,290 shares (2.0000% of total share capital) will be sold through block trading [1]

Core Viewpoint - As of January 15, a total of 105 stocks reached their 52-week highs, with notable performers including 德莱建业 (01546), 东曜药业－Ｂ (01875), and 大森控股 (01580) achieving high rates of 78.00%, 51.36%, and 37.61% respectively [1]. Summary by Category 52-Week Highs - 德莱建业 (01546) closed at 0.355, with a peak of 0.445, marking a high rate of 78.00% [1]. - 东曜药业－Ｂ (01875) closed at 4.190, reaching a high of 4.450, with a high rate of 51.36% [1]. - 大森控股 (01580) closed at 0.275, with a peak of 0.300, achieving a high rate of 37.61% [1]. - 顺兴集团控股 (01637) and 怡园酒业 (08146) also showed significant increases, with high rates of 36.36% and 24.74% respectively [1]. Additional Notable Stocks - JBB BUILDERS (01903) reached a high rate of 24.12% with a closing price of 2.830 [1]. - 天臣控股 (01201) and 江苏创新 (02116) had high rates of 15.38% and 15.00% respectively [1]. - 万国黄金集团 (03939) and 竣球控股 (01481) also performed well, with high rates of 12.95% and 12.44% respectively [1]. 52-Week Lows - The report also noted stocks reaching 52-week lows, with 天彩控股 (03882) showing a low rate of -14.42% [3]. - 中国智慧能源 (01004) and 基石控股 (01592) followed with low rates of -13.64% and -12.86% respectively [3]. - 弘毅文化集团－旧 (02990) and 中原建业 (09982) also reported significant declines of -9.09% and -6.06% respectively [3].

Group 1 - The core viewpoint of the article highlights that Da Sen Holdings (01580) has seen a significant decline in its financial performance for the six months ending September 30, 2025, with a revenue of 6.146 million RMB, representing a year-on-year decrease of 62.9% [1] - The company's attributable profit for the same period was 1.581 million RMB, which is a 52.9% decline compared to the previous year [1] - The gross profit margin for Da Sen Holdings improved to approximately 84.2% for the six months ending September 30, 2025, compared to 61.1% for the same period in 2024 [1] Group 2 - On January 12, shareholders of Da Sen Holdings deposited shares worth 20.4 million HKD into HSBC Hong Kong, representing 10.95% of the company's stock [1]

Group 1 - The core viewpoint of the article highlights the recent stock deposit by a shareholder of Da Sen Holdings (01580) into HSBC, valued at HKD 20.4 million, representing 10.95% of the company [1] - Da Sen Holdings reported a revenue of RMB 6.146 million for the six months ending September 30, 2025, reflecting a year-on-year decline of 62.9% [1] - The company's attributable profit for the same period was RMB 1.581 million, down 52.9% compared to the previous year [1] Group 2 - The gross profit margin for Da Sen Holdings was approximately 84.2% for the six months ending September 30, 2025, compared to 61.1% for the same period in 2024 [1]

Core Viewpoint - The company is focusing on the development and production of 3D printing materials primarily for the dental medical field, including resins for models, gums, and guides, as well as related printing equipment [1] Group 1: Company Focus - The company is actively exploring the application of 3D printing zirconia technology in relevant medical fields [1]

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12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: 大森控股集團有限公司 呈交日期: 2026年1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) | 01580 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,500,000,000 | HKD | | 0.02 HKD | | | 30,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 1,500,000,000 | HKD | | 0.02 HKD | | | 30,000,000 | FF301 II. ...

Revenue Breakdown - For the six months ended September 30, 2025, the interior design and project management business accounted for 80.4% of total revenue[16] - Leasing activities generated 19.6% of total revenue for the six months ended September 30, 2025[17] - The agricultural products trading segment accounted for 0% of total revenue for the six months ended September 30, 2025, due to significantly increased costs[18] - For the six months ended September 30, 2025, the company reported revenue of RMB 6,146,000, a decrease of 63.0% compared to RMB 16,584,000 for the same period in 2024[44] - The company reported total revenue of RMB 6,146,000 for the six months ended September 30, 2025, with contributions of RMB 4,942,000 from Thailand and RMB 1,204,000 from China[80] Profit and Loss - The group's consolidated revenue for the six months ended September 30, 2025, was approximately RMB 6.1 million, a decrease of about 62.9% compared to RMB 16.6 million for the same period in 2024[19] - The consolidated gross profit for the six months ended September 30, 2025, was approximately RMB 5.2 million, down about 48.9% from RMB 10.1 million for the same period in 2024, with a gross margin of 84.2% compared to 61.1% in 2024[19] - The group recorded a profit before tax of approximately RMB 1.4 million for the six months ended September 30, 2025, down from RMB 3.0 million for the same period in 2024, primarily due to the recovery of the plywood business[20] - The company recorded a profit before tax of RMB 1,368,000 for the same period, with no income tax expenses reported[81] - The company reported a net loss of RMB 1,581,000, resulting in total comprehensive income of RMB 1,368,000[47] Cash Flow and Assets - As of September 30, 2025, the group's current assets were approximately RMB 31.3 million, down from RMB 36.3 million as of March 31, 2025[23] - The group's cash and cash equivalents decreased from approximately RMB 9.5 million as of March 31, 2025, to approximately RMB 0.1 million as of September 30, 2025, primarily due to the settlement of other payables and repayment of loans[23] - The company's cash and cash equivalents decreased significantly to RMB 122,000 from RMB 9,489,000, a drop of 98.7%[46] - Operating cash flow for the six months was negative at RMB (4,067,000), compared to a positive RMB 904,000 in the same period last year[49] - Total assets as of September 30, 2025, were RMB 93,995,000, down from RMB 99,408,000 as of March 31, 2025[46] Liabilities and Equity - As of September 30, 2025, the group's total borrowings were approximately RMB 29.1 million, down from RMB 34.4 million as of March 31, 2025[25] - The company has a net current liability of RMB 51,300,000, with current borrowings amounting to RMB 29,118,000, raising concerns about its ability to continue as a going concern[52] - The company's total equity increased to RMB 11,215,000 from RMB 9,847,000, indicating a growth of 13.9%[46] - The company's total liabilities included RMB (39,421,000) in plywood and related services, indicating a diversified liability structure across different segments[84] Business Operations and Strategy - The company is actively seeking opportunities to acquire or collaborate with other plywood companies that have higher profit margins and overseas networks[12] - The company is developing new wood products with higher profit margins compared to traditional plywood products[12] - The referral business, initiated in 2023, aims to create stable and profitable income sources beyond plywood sales[13] - The company is modernizing its production base in Heze City to potentially produce high-quality wood products for overseas customers[12] - The group plans to resume plywood production and sell products overseas to achieve higher profit margins, utilizing the factory's capacity effectively[27] Credit Risk Management - The concentration of credit risk in Thailand accounted for 69% of total receivables as of September 30, 2025, up from 54% as of March 31, 2025[67] - The expected credit loss provision for trade receivables was RMB 165,998,000 as of September 30, 2025, unchanged from March 31, 2025[72] - The expected loss rates for overdue trade receivables were 0.32% for those overdue within 6 months and 5.65% for those overdue over 1 year as of September 30, 2025[70] - The credit risk management policy ensures that credit terms granted to customers do not exceed 90 days, with ongoing assessments of their creditworthiness[63] - The total loss provision for trade receivables as of September 30, 2025, includes RMB 270,000 for overdue amounts and RMB 165,728,000 for individually assessed receivables[70] Administrative and Employee Costs - Total sales and distribution expenses and administrative expenses amounted to approximately RMB 3.1 million, a decrease from RMB 7.7 million for the same period in 2024[19] - The company reported employee costs, including director remuneration, of RMB 511,000 for the six months ended September 30, 2025, significantly lower than RMB 1,379,000 in the previous year[85] - Total compensation for key management personnel for the six months ended September 30, 2025, was RMB 166,000, a decrease of 67.4% from RMB 509,000 for the same period in 2024[102] Investment and Property - The company has changed its investment property measurement policy to fair value, which is expected to better reflect its operational performance[56] - Investment properties located in China are valued at RMB 51,900,000, remaining unchanged since March 31, 2025[100] - The total assets pledged as collateral amount to RMB 58,375,000 as of September 30, 2025, slightly down from RMB 58,494,000 as of March 31, 2025[100] Other Financial Information - The company did not declare any interim dividend for the six months ended September 30, 2025[40] - The company has no outstanding share options under the share option scheme as of September 30, 2025[38] - The company faced foreign exchange risks primarily due to fluctuations between RMB and HKD, but reported no significant impact on its operations during the reporting period[42] - The company has not recognized any deferred tax liabilities due to the expectation that its subsidiaries in China will not distribute retained earnings in the foreseeable future[88] - There were no major acquisitions or disposals of subsidiaries and associates during the six months ended September 30, 2025[30]

Core Viewpoint - Da Sen Holdings (01580) has experienced a significant decline in revenue and profit for the six months ending September 30, 2025, while also undergoing a shareholder transfer of stock valued at HKD 20.92 million [1] Financial Performance - The company reported revenue of RMB 6.146 million, representing a year-on-year decrease of 62.9% [1] - The profit attributable to the owners of the company was RMB 1.581 million, down 52.9% year-on-year [1] - The gross profit margin for the six months ending September 30, 2025, was approximately 84.2%, compared to 61.1% for the same period in 2024 [1] Shareholder Activity - On December 29, a shareholder transferred shares from HSBC Hong Kong to Jin Li Feng Securities, with a total market value of HKD 20.92 million, accounting for 10.10% of the company [1]

Group 1 - The core viewpoint of the article highlights the recent stock transfer of Da Sen Holdings (01580) from HSBC to Jin Li Feng Securities, with a market value of HKD 20.92 million, representing 10.10% of the total shares [1] - Da Sen Holdings reported a revenue of RMB 6.146 million for the six months ending September 30, 2025, reflecting a year-on-year decline of 62.9% [1] - The company's attributable profit for the same period was RMB 1.581 million, down 52.9% compared to the previous year [1] Group 2 - The gross profit margin for Da Sen Holdings was approximately 84.2% for the six months ending September 30, 2025, compared to 61.1% for the same period in 2024 [1]

Core Viewpoint - The company is focused on managing foreign exchange risks and enhancing its product offerings in the dental restoration materials market, while also expanding its market presence both domestically and internationally [2][3]. Group 1: Financial Performance - As of December 26, 2025, the company's stock closed at 43.19 yuan, down 1.03%, with a turnover rate of 1.17% and a trading volume of 8,405 shares, amounting to a transaction value of 36.48 million yuan [1]. - On December 26, there was a net inflow of 179.15 million yuan from institutional investors, indicating a positive short-term sentiment towards the stock [4]. Group 2: Foreign Exchange Risk Management - The company acknowledges that exchange rate fluctuations can impact its foreign exchange gains and losses, particularly as a significant portion of its revenue comes from overseas markets [2]. - The company implements strict foreign exchange risk management policies, including adjusting settlement currencies and periods, and engaging in foreign exchange hedging to mitigate risks [2][3]. Group 3: Product Development and Market Strategy - The company has invested in a multi-dimensional funding system for zirconia blocks, with plans to increase R&D efforts in core areas to strengthen its technological barriers and market competitiveness [2]. - The company has developed a high-end product, 3DPro zir, which has received multiple international awards, and plans to continue optimizing R&D funding and expanding sales channels [3]. - The company employs a "scholarly-driven + channel deepening" marketing strategy, focusing on industry exhibitions and academic exchanges to promote its products and build brand recognition [3]. Group 4: Competitive Positioning - The company emphasizes that it does not follow a low-price strategy and has made significant investments in materials and technology to maintain a competitive edge in the zirconia dental restoration market [2]. - The company aims to enhance its product structure and increase the proportion of high-value-added products to maintain stable overall profitability [3].