1792 中期報告 INTERIM REPORT 1792 RT INTERIM REPO 中期報告 2025 RT CMON Limited 目錄 1 2025年中期報告 2 公司資料 4 簡明綜合損益及其他全面收益表 5 簡明綜合財務狀況表 7 簡明綜合權益變動表 8 簡明綜合現金流量表 9 簡明綜合財務報表附註 16 管理層討論及分析 22 企業管治及其他資料 CMON Limited 公司資料 薪酬委員會 梁毓雄先生 （主席） 王宇山先生 蔡敏先生 董事會 執行董事 黃成安先生 （主席兼聯席行政總裁） 建邦先生 （聯席行政總裁） 許政開先生 （辭任自二零二五年 十一月十四日起生效） 非執行董事 蔡穩健先生 李學瑾女士 David Preti先生 （自二零二五年 四月十四日起辭任） 獨立非執行董事 王宇山先生 蔡敏先生 梁毓雄先生 審核委員會 王宇山先生 （主席） 蔡敏先生 梁毓雄先生 提名委員會 蔡敏先生 （主席） 王宇山先生 梁毓雄先生 授權代表 黃俊穎先生 （自二零二五年八月二十八日起 獲委任） 許政開先生 （辭任自二零二五年十一月 十四日起生效） 黃成安先生 （自二零二五年十一月十四日起 獲委任 ...

Core Viewpoint - Morgan Stanley anticipates the upcoming policy report on September 17 may include measures such as easing new capital investor entry plans, adjusting residential property stamp duties, and establishing home purchase funding plans, but expresses skepticism about the simultaneous implementation of all measures [1] Group 1: Market Outlook - The real estate market in Hong Kong shows signs of stabilization, but if the policies announced are weaker than expected, there may be short-term profit-taking in real estate stocks following the policy report [1] - Historically, if the Federal Reserve's interest rate cuts align with market expectations, Hong Kong real estate stocks tend to underperform the broader market [1] Group 2: Investment Recommendations - Morgan Stanley maintains a positive outlook for the local real estate sector over the next year, suggesting investors take advantage of lower prices [1] - Among developers, the company is particularly optimistic about Henderson Land Development (00012) and Sino Land Company (00083) [1] - For rental stocks, it recommends Swire Properties (01792) and Link Real Estate Investment Trust (00823) for investors with lower risk tolerance, while also noting that Hang Lung Properties (00101) and Wharf Real Estate Investment Company (01997) have significant upside potential [1]

Group 1 - The core viewpoint of the article is that the upcoming policy report on September 17 may introduce measures to ease capital investor entry, stamp duty on residential properties, and establish a home purchase fund plan, but there are doubts about the extent of these measures [1] - Morgan Stanley expresses skepticism about whether all measures will be introduced at once, noting that the property market shows signs of stabilization, and if the policies are weaker than expected, there may be short-term profit-taking in real estate stocks after the report is released [1] - The day after the policy report, the Federal Reserve will announce its interest rate decision, and historically, if a rate cut meets expectations, Hong Kong real estate stocks tend to underperform the market [1] Group 2 - Despite the short-term concerns, Morgan Stanley maintains a positive outlook on the local real estate sector for the next year, suggesting investors take advantage of lower prices [1] - Among developers, Morgan Stanley is more optimistic about Henderson Land Development (00012) and Sino Land Company (00083) [1] - For rental stocks, it recommends Swire Properties (01792) and Link Real Estate Investment Trust (00823) for investors with lower risk appetite, while also noting that Hang Lung Properties (00101) and Wharf Real Estate Investment Company (01997) have significant upside potential [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8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: | CMON Limited | | | | | | 呈交日期: | 2025年9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) | 01792 | 說明 | | | | | 證券代號 (如上市) | 01792 | 說明 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 7,600,000,000 HKD | | 0.00005 HKD | | 380,000 | | ...

Group 1 - The company CMON (01792) reported a revenue of 3.4337 million USD for the six months ending June 30, 2025, representing a year-on-year decrease of 78.43% [1] - The company recorded a loss attributable to shareholders of 6.9762 million USD, marking a shift from profit to loss compared to the previous year [1] - The loss per share for equity holders during the period was 0.00342 USD [1]

Group 1 - The company CMON (01792) reported revenue of $3.4337 million for the six months ending June 30, 2025, representing a year-on-year decrease of 78.43% [1] - The company recorded a loss attributable to owners of $6.9762 million, marking a shift from profit to loss compared to the previous year [1] - The loss per share attributable to equity holders for the period was $0.00342 [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之內容概不負責，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 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 CMON LIMITED （於開曼群島註冊成立的有限公司） （股份代號：1792） 截至二零二五年六月三十日止六個月 中期業績公告 中期業績 CMON Limited（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公司（統 稱「本集團」）截至二零二五年六月三十日止六個月的未經審核簡明綜合財務業績，連同 截至二零二四年六月三十日止六個月的比較數字如下： 簡明綜合損益及其他全面收益表 截至二零二五年六月三十日止六個月 | | | | 截至六月三十日止六個月 | | | --- | --- | --- | --- | --- | | | | 二零二五年 | | 二零二四年 | | | | （未經審核） | | （未經審核） | | | 附註 | 美元 | | 美元 | | 收益 | 2、3 | 3,433,655 | | 15,916,225 | | 銷售成本 | | (4,196,326) ...

Core Viewpoint - CMON (01792.HK) anticipates a significant shift from a profit of approximately $170,000 for the six months ending June 30, 2024, to a projected loss for the six months ending June 30, 2025, estimated between $6 million to $8 million due to a substantial decline in revenue [1] Financial Performance - The company expects to report a profit of about $170,000 for the six months ending June 30, 2024 [1] - For the six months ending June 30, 2025, the estimated loss for the company attributable to equity holders is projected to be between $6 million and $8 million [1] - The anticipated changes in financial performance are primarily attributed to a significant decrease in revenue for the period ending June 30, 2025 [1]

Core Viewpoint - CMON (01792) is expected to report a significant shift from a profit of approximately $170,000 for the first half of 2024 to a loss of between $6 million to $8 million for the first half of 2025, primarily due to a substantial decline in revenue [1] Financial Performance - The company anticipates a profit attributable to equity holders of about $170,000 for the first half of 2024 [1] - For the first half of 2025, the expected loss attributable to equity holders is projected to be between $6 million to $8 million [1] Revenue Impact - The anticipated changes in profit and loss are mainly driven by a significant decrease in revenue during the period [1]

Core Viewpoint - CMON (01792) is expected to report a significant decline in profits, projecting a loss of approximately $6 million to $8 million for the first half of 2025, compared to a profit of about $170,000 for the first half of 2024, primarily due to a substantial decrease in revenue [1] Financial Performance - The company anticipates a profit of around $170,000 for the first half of 2024 [1] - For the first half of 2025, the expected loss ranges from $6 million to $8 million [1] - The projected changes in profit are attributed to a significant drop in revenue during the period [1]