Group 1 - The core viewpoint of the article is that Interstellar Aerospace Technology (01725) reported its mid-year performance for 2025, showing a positive trend in revenue and a reduction in losses [1] - The revenue from continuing operations reached 172 million RMB, representing a year-on-year growth of 16.5% [1] - The loss attributable to equity holders narrowed to 32.42 million RMB, a decrease of 54.7% compared to the previous year [1] - The basic loss per share was reported at 6.43 cents [1]

[Company Information and Financial Summary](index=1&type=section&id=%E5%85%AC%E5%8F%B8%E4%BF%A1%E6%81%AF%E4%B8%8E%E8%B4%A2%E5%8A%A1%E6%91%98%E8%A6%81) [Company Profile](index=1&type=section&id=%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) USPACE Technology Group Limited announced its unaudited interim results for the six months ended June 30, 2025 - Company Name: USPACE Technology Group Limited (洲际航天科技集团有限公司)[2](index=2&type=chunk) - Reporting Period: Unaudited interim results for the six months ended June 30, 2025[3](index=3&type=chunk) [Financial Highlights](index=1&type=section&id=%E8%B4%A2%E5%8A%A1%E6%91%98%E8%A6%81) The Group's continuing operations revenue grew by **16.5%** to **RMB 172.5 million**, gross profit surged **129.1%** to **RMB 36.2 million**, and loss attributable to equity holders decreased **54.7%** to **RMB 32.4 million**, with a significant reduction in loss per share H1 2025 Financial Highlights (Continuing Operations) | Metric | H1 2025 (RMB million) | H1 2024 (RMB million) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 172.5 | 148.0 | +16.5% | | Gross Profit | 36.2 | 15.8 | +129.1% | | Loss Attributable to Equity Holders of the Company (Continuing and Discontinued Operations) | 32.4 | 71.6 | -54.7% | | Loss for the Period | 48.6 | 86.4 | -43.8% | | Basic and Diluted Loss Per Share (Continuing Operations) | 0.0643 (RMB) | 0.2144 (RMB) | -69.9% | [Condensed Consolidated Financial Statements](index=2&type=section&id=%E7%AE%80%E6%98%8E%E7%BB%BC%E5%90%88%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) [Condensed Consolidated Statement of Profit or Loss](index=2&type=section&id=%E7%AE%80%E6%98%8E%E7%BB%BC%E5%90%88%E6%94%B6%E7%9B%8A%E8%A1%A8) For the six months ended June 30, 2025, the Group's continuing operations revenue was **RMB 172,499 thousand**, gross profit **RMB 36,194 thousand**, and loss for the period **RMB 48,553 thousand**, significantly narrowed from the prior year Condensed Consolidated Statement of Profit or Loss Key Data | Metric | H1 2025 (RMB thousand) | H1 2024 (RMB thousand) | | :--- | :--- | :--- | | Revenue | 172,499 | 148,038 | | Cost of Sales | (136,305) | (132,241) | | Gross Profit | 36,194 | 15,797 | | Operating Loss | (42,969) | (76,183) | | Loss from Continuing Operations | (48,553) | (85,206) | | Loss for the Period | (48,553) | (86,398) | | Loss Attributable to Equity Holders of the Company | (32,421) | (71,637) | [Condensed Consolidated Statement of Comprehensive Income](index=4&type=section&id=%E7%AE%80%E6%98%8E%E7%BB%BC%E5%90%88%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) For the six months ended June 30, 2025, the Group's total comprehensive loss was **RMB 50,386 thousand**, a reduction from **RMB 85,371 thousand** in the prior period, driven by narrowed loss and currency translation differences Condensed Consolidated Statement of Comprehensive Income Key Data | Metric | H1 2025 (RMB thousand) | H1 2024 (RMB thousand) | | :--- | :--- | :--- | | Loss for the Period | (48,553) | (86,398) | | Currency Translation Differences | (6,897) | 3,368 | | Exchange Differences Arising from Translation of Foreign Operations | 5,064 | (2,341) | | Total Comprehensive Loss for the Period | (50,386) | (85,371) | | Total Comprehensive Loss for the Period Attributable to Equity Holders of the Company | (35,535) | (70,610) | | Basic and Diluted Loss Per Share (Continuing Operations) | RMB (6.43) cents | RMB (21.44) cents | [Condensed Consolidated Statement of Financial Position](index=5&type=section&id=%E7%AE%80%E6%98%8E%E7%BB%BC%E5%90%88%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of June 30, 2025, the Group's total assets were **RMB 796,101 thousand**, total liabilities **RMB 710,271 thousand**, and total equity **RMB 85,830 thousand**, with net current liabilities of **RMB 293,040 thousand** indicating liquidity pressure Condensed Consolidated Statement of Financial Position Key Data | Metric | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Total Assets | 796,101 | 845,169 | | Non-current Assets | 443,549 | 485,676 | | Current Assets | 219,744 | 228,528 | | Assets Classified as Held for Sale | 132,808 | 130,965 | | Total Equity | 85,830 | 136,216 | | Total Liabilities | 710,271 | 708,953 | | Non-current Liabilities | 146,076 | 187,770 | | Current Liabilities | 564,195 | 521,183 | [Notes to the Condensed Consolidated Interim Financial Information](index=7&type=section&id=%E7%AE%80%E6%98%8E%E7%BB%BC%E5%90%88%E4%B8%AD%E6%9C%9F%E8%B4%A2%E5%8A%A1%E8%B5%84%E6%96%99%E9%99%84%E6%B3%A8) [General Information](index=7&type=section&id=%E4%B8%80%E8%88%AC%E8%B5%84%E6%96%99) The company, incorporated in the Cayman Islands, primarily engages in aerospace (satellite manufacturing, data applications, TT&C, launch) and EMS (PCBAs assembly, full assembly electronic products) businesses - The company was incorporated as an exempted limited liability company in the Cayman Islands on **March 15, 2017**[13](index=13&type=chunk) - The Group primarily engages in aerospace business (satellite manufacturing, component manufacturing, precision electronic manufacturing, satellite data applications, satellite TT&C, satellite launch) and EMS business (PCBAs assembly and full assembly electronic product production)[13](index=13&type=chunk) - The company's shares were listed on the Main Board of the Hong Kong Stock Exchange on **August 16, 2018**[14](index=14&type=chunk) [Basis of Preparation](index=7&type=section&id=%E6%8B%9F%E5%A4%87%E5%9F%BA%E5%87%86) Interim financial information is prepared under HKAS 34 and Listing Rules, to be read with annual statements; the Group faces significant going concern uncertainties, but management has devised financing and operational plans - The interim financial information is prepared in accordance with Hong Kong Accounting Standard **34** 'Interim Financial Reporting' issued by the HKICPA and the applicable disclosure requirements of the Listing Rules[15](index=15&type=chunk) [Use of Going Concern Basis](index=8&type=section&id=%E4%BD%BF%E7%94%A8%E6%8C%81%E7%BB%AD%E7%BB%8F%E8%90%A5%E5%9F%BA%E5%87%86) The Group reported a net loss of **RMB 48,553 thousand** and net current liabilities of **RMB 293,040 thousand** for H1 2025, indicating significant going concern uncertainty; management has implemented various financing and operational strategies to address this - The Group recorded a net loss of **RMB 48,553,000** RMB for the six months ended June 30, 2025[16](index=16&type=chunk) - As of June 30, 2025, the Group's current liabilities exceeded its current assets by **RMB

Core Insights - The article highlights the changes in the Hong Kong Stock Connect holdings, indicating significant increases and decreases in ownership percentages for various companies [1][2][3][4]. Summary by Category Increase in Holdings - The companies with the largest increases in Hong Kong Stock Connect holdings include: - Hang Seng China Enterprises (02828) with an increase of 5.48%, bringing the total holding to 6.10% - Tracker Fund of Hong Kong (02800) with an increase of 4.07%, totaling 4.76% - Anjoy Foods (02648) with an increase of 1.74%, now at 15.81% [2] - Other notable increases include: - Angelalign Technology (06699) +1.66% to 23.03% - Ganfeng Lithium (01772) +1.44% to 34.51% - East China Environmental Protection (00895) +1.44% to 43.67% [2] Decrease in Holdings - The companies with the largest decreases in Hong Kong Stock Connect holdings include: - Kinglong Motor Group (06680) with a decrease of 3.39%, now at 24.56% - Interstellar Technology (01725) with a decrease of 2.02%, totaling 10.16% - Goldwind (02208) with a decrease of 1.48%, now at 41.84% [3] - Other notable decreases include: - ZTE Corporation (00763) -1.35% to 56.09% - Longpan Technology (02465) -1.08% to 49.62% [3] Five-Day Changes - Over the last five trading days, the companies with the largest increases in holdings are: - Lens Technology (06613) +6.93% to 13.85% - ZTE Corporation (00763) +5.92% to 56.09% - Tongyu Pharmaceutical-B (02410) +5.40% to 14.72% [4] - The companies with the largest decreases in holdings over the same period include: - Hang Seng China Enterprises (02828) -14.01% to 6.10% - Tracker Fund of Hong Kong (02800) -4.36% to 4.76% [4] Twenty-Day Changes - In the last twenty days, the companies with the largest increases in holdings are: - Meizhong Jiahe (02453) +12.09% to 37.34% - Changfei Optical Fiber (06869) +10.66% to 54.73% - Tongyu Pharmaceutical-B (02410) +8.30% to 14.72% [5] - The companies with the largest decreases in holdings over the same period include: - Yisou Technology (02550) -10.13% to 47.88% - Chongqing Steel (01053) -5.27% to 31.55% [6]

Core Viewpoint - The company, Interstellar Aerospace Technology (01725.HK), has successfully completed a subscription agreement, issuing a total of 100 million shares, which represents approximately 19.84% of the company's existing issued share capital prior to the completion and about 16.55% of the enlarged issued share capital after the issuance [1] Financial Summary - The net proceeds from the subscription are estimated to be approximately HKD 64.5 million [1] - Approximately HKD 60.9 million, or 94.4% of the net proceeds, will be allocated for general working capital, including: - Salaries: approximately HKD 35.3 million (54.7%) - Lease expenses: approximately HKD 3 million (4.7%) - Utilities: approximately HKD 3 million (4.7%) - Legal and professional fees: approximately HKD 12.4 million (19.2%) - Office daily expenses: approximately HKD 3.6 million (5.6%) - Other administrative expenses: approximately HKD 3.6 million (5.6%) [1] - Approximately HKD 3.6 million, or 5.6% of the net proceeds, will be used for the operational expenses of the group's aerospace business [1] Future Plans - The company anticipates that the net proceeds from the subscription will be fully utilized by the end of 2025 [1] - If the net proceeds remain unutilized, the company plans to deposit the funds in licensed commercial banks and/or other recognized financial institutions as short-term deposits [1]

Core Viewpoint - The company, Interstellar Aerospace Technology (01725), has successfully completed the issuance of 100 million subscription shares, raising approximately HKD 64.5 million, with the majority allocated for general operational funds and a smaller portion for aerospace business expenses [1] Group 1 - The company completed the issuance of 100 million subscription shares on August 27, 2025 [1] - The net proceeds from the share issuance amount to approximately HKD 64.5 million [1] - 94.4% of the funds will be used for general operational purposes, while 5.6% will be allocated for the operational expenses of the group's aerospace business [1]

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： 洲際航天科技集團有限公司 呈交日期： 2025年8月27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 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) 01725 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關 ...

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，並明確表示概不會就本公告的全部或任何部分內容而產生或倚賴該等 內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司任何股份的邀請或要約。 USPACE Technology Group Limited 洲 際 航 天 科 技 集 團 有 限 公 司 （ 於開曼群島註冊成立之有限公司） （股份代號：1725） 完成根據一般授權 認購新股份 茲提述洲際航天科技集團有限公司（「本公司」）日期為2025年7月25日、2025年8月 1 日 及 2025 年 8 月 15 日 的 公 告（「 該 等 公 告 」）， 內 容 有 關 認 購 事 項 。 除 另 有 界 定 者 外，本公告所用詞彙與該等公告所界定者具相同涵義。 完成認購事項 本公司欣然宣佈，認購協議所載的所有條件已獲達成，並已根據認購協議的條款 及條件於2025年8月27日完成認購事項（「完成」）。合共100,000,000股認購股份（ 相 當於本公司緊接完成前全部已發行股本約19.84%及本公司經發行所有認購股份擴 ...

格隆汇8月27日丨洲际航天科技(01725.HK)公告，集团预计截至2025年6月30日止六个月将录得期内净亏 损不超过人民币50百万元，而2024年同期则录得期内亏损约人民币86.4百万元。该变动乃主要由于回顾 期内一般及行政开支减少所致。集团将继续提升其资源利用效率，最大限度降低其营运成本及开支。 ...

智通财经APP讯，洲际航天科技(01725)发布公告，集团预期于回顾期(截至2025年6月30日止6个月)将取 得期内净亏损不超过人民币5000万元，而2024年同期则取得期内亏损约人民币8640万元。 该变动乃主要由于回顾期内一般及行政开支减少所致。集团将继续提升其资源利用效率，最大限度降低 其营运成本及开支。 ...

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分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。 洲 際 航 天 科 技 集 團 有 限 公 司 （ 於開曼群島註冊成立之有限公司） （股份代號：1725） 盈利警告 — 虧損減少 本公告乃洲際航天科技集團有限公司（「本公司」，連同其附屬公司統稱「本集團」） 根據香港聯合交易所有限公司證券上市規則第13.09條以及證券及期貨條例（ 香港 法例第571章）第XIVA部作出。 USPACE Technology Group Limited 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東及潛在投資者，根據對本 集團截至2025 年6月30 日止六個月（「回顧期」）的最新未經審核綜合管理賬目（「管 理賬目」）的初步審閱，本集團預期於回顧期將錄得期內淨虧損不超過人民幣50百 萬元，而2024年同期則錄得期內虧損約人民幣86.4 百萬元。該變動乃主要由於回 顧期內一般及行政開支減少所致。本集團將繼續提升其資源利用效率，最大限度 降低其營運成本及開支。 本 ...