零售业对促进消费和投资的贡献巨大。 12月10日早盘，永辉超市（601933）开盘一字涨停，午间收盘封板仍超400万手，资金超21亿元。对于 股价异动，永辉超市表示，目前生产经营活动正常，稳步有序进行门店调改，内外部经营环境未发生重 大变化，不存在应披露而未披露的重大事项。 商业百货概念股早盘大幅上涨，包括东百集团、永辉超市、中央商场、美凯龙、茂业商业等近10只个股 涨停，中百集团、天虹股份、国芳集团等大幅上涨，其中东百集团实现4连板，永辉超市实现3连板。 | 代码 | 名称 | * ● | 最新 | 张唱歌十 | 涨跌 | 总量 | 现量 | 买入价 | 卖出价 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | BK0482 商业百货 | | | 20010.34 | 1.69 | 332.79 | 3094万 | 124万 | | | | 601933 | 永辉超市 R | 1 | 5.23 | 10.11 | 0.48 | 2447 | 1003 | 5.23 | 1 | | 600280 | 中央商场 | 1 | 4.4 ...

致：香港交易及結算所有限公司 公司名稱: 元力控股有限公司 (於開曼群島註冊成立的有限公司） 呈交日期: 2025年12月1日 I. 法定/註冊股本變動 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11月30日 狀態: 新提交 II. 已發行股份及/或庫存股份變動 | 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) | 01933 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 503,927,177 | | 0 | | 503,927,177 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 503,927,177 | | 0 | | 503,927,177 | 第 2 頁 共 10 頁 v 1.1.1 ...

Core Insights - Yuanli Holdings (01933) reported a revenue of 129 million RMB for the six months ending September 30, 2025, representing a year-on-year decrease of 30.06% [1] - The company experienced a loss attributable to shareholders of 71.31 million RMB, which is an increase of 409.82% compared to the previous year [1] - The basic loss per share was reported at 14.39 cents [1]

Group 1 - The company reported a revenue of 129 million RMB for the six months ending September 30, 2025, representing a year-on-year decline of 30.1%, primarily due to a decrease in project numbers [1] - The company experienced a shareholder loss of approximately 71.31 million RMB, compared to a loss of about 13.99 million RMB in the same period last year, with a loss per share of 14.39 RMB [1] - The company is focusing on the accelerating transition of the power system towards new energy, identifying significant potential for innovation and upgrades in various aspects of electricity production, scheduling, measurement, marketing, and market transactions [1] Group 2 - The company operates in the integrated field of electricity, information, and the Internet of Things (IoT) [2] - The company developed the smart IoT product π芯 in 2013, which provides power and network services for sensing devices, enabling urban smart applications, data acquisition, and information dissemination [2]

Core Points - 元力控股 reported a revenue of 129 million RMB for the six months ending September 30, 2025, representing a year-on-year decrease of 30.06% [1] - The company experienced a shareholder loss of 71.313 million RMB, which is an increase of 409.82% compared to the previous year [1] - The basic loss per share was 14.39 cents [1]

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of RMB 129,140,000, a decrease of approximately RMB 55,491,000 or 30.1% compared to the same period in 2024, primarily due to a reduction in project numbers[3] - Gross profit for the same period was RMB 3,922,000, down RMB 13,908,000 from RMB 17,830,000 in the previous year, resulting in a gross margin decline from approximately 9.7% to 3.0% due to intensified market competition[3] - The loss attributable to shareholders was RMB 71,313,000, compared to a loss of RMB 13,988,000 in the prior year, mainly due to the aforementioned gross profit decline and an increase in impairment losses on trade receivables and contract assets by approximately RMB 40,355,000[3] - Total revenue for the six months ended September 30, 2025, was RMB 129,140,000, a decrease from RMB 184,631,000 for the same period in 2024, resulting in a gross profit of RMB 3,922,000[21] - The group reported a net loss of RMB 71,313,000 for the six months ended September 30, 2025, compared to a net loss of RMB 13,988,000 for the same period in 2024[27] - The company reported a basic loss per share of RMB 71,313,000 for the six months ended September 30, 2025, compared to a loss of RMB 13,988,000 for the same period in 2024[48] - For the six months ended September 30, 2025, the company reported a pre-tax loss of RMB 71,478,000, compared to a pre-tax loss of RMB 16,683,000 for the same period in 2024[47] Revenue Breakdown - Revenue from software and solutions sales decreased by approximately RMB 38,453,000, while revenue from technical services fell by approximately RMB 27,922,000, attributed to fewer projects[9] - Revenue from software and solutions sales was RMB 33,191,000, down from RMB 71,644,000 year-over-year[34] - Revenue from technical services was RMB 72,183,000, compared to RMB 100,105,000 in the previous year[34] Cost and Expenses - The overall sales cost decreased by approximately RMB 41,583,000 due to the decline in revenue, with the overall gross margin dropping to approximately 3.0% from 9.7%[10] - Employee costs for the six months ended September 30, 2025, amounted to RMB 29,637,000, a decrease of 32% from RMB 43,734,000 in the same period of 2024[42] - The company recorded a total sales cost of RMB 125,116,000 for the six months ended September 30, 2025, down from RMB 166,517,000 in the same period of 2024, representing a 25% decrease[52] Assets and Liabilities - As of September 30, 2025, trade receivables and contract assets amounted to approximately RMB 379,401,000, a decrease from RMB 439,396,000 as of March 31, 2025, primarily due to increased impairment losses[12] - As of September 30, 2025, the carrying value of intangible assets was approximately RMB 364,000, down from RMB 827,000 as of March 31, 2025[11] - As of September 30, 2025, total assets less current liabilities were RMB 188,285,000, down from RMB 256,772,000 as of March 31, 2025[24] - The company’s interest-bearing liabilities included short-term bank loans of approximately RMB 109,780,000 and long-term bank loans of RMB 17,870,000 as of September 30, 2025[15] - The total trade payables as of September 30, 2025, were RMB 108,277,000, a decrease from RMB 115,174,000 as of March 31, 2025[58] Cash Flow and Working Capital - Operating cash outflow was RMB 37,956,000 for the six months ended September 30, 2025, compared to RMB 14,238,000 for the same period in 2024[27] - The group expects to improve operating cash flow through accelerated project settlements and accounts receivable collections[27] - The group anticipates sufficient working capital for at least the next 12 months based on cash flow forecasts[27] - As of September 30, 2025, the total cash and cash equivalents were RMB 13,195,000, significantly down from RMB 56,151,000 as of March 31, 2025[57] Research and Development - Research and development expenses for the six months ended September 30, 2025, were RMB 6,443,000, an increase of approximately RMB 383,000 compared to RMB 6,060,000 for the same period in 2024[14] - The company’s research and development costs (excluding amortization) were RMB 6,443,000 for the six months ended September 30, 2025, slightly up from RMB 6,060,000 in the same period of 2024[45] Employee and Corporate Governance - The company employed 176 employees as of September 30, 2025, down from 319 employees as of March 31, 2025[64] - The company does not recommend the payment of an interim dividend for the six months ending September 30, 2025, consistent with the previous year[60] - The company has complied with all applicable laws and regulations in China and Hong Kong during the reporting period[65] Strategic Focus and Future Outlook - The company is focusing on the transformation of the power system and plans to leverage its 29 years of experience in the energy information technology sector to meet market demands through 2030[7] - The company aims to enhance operational efficiency and capitalize on policy incentives to drive high-quality development in the digital economy, which is projected to reach a value-added of approximately RMB 49 trillion by the end of 2025[6][8] - The company has developed a smart IoT product, π chip, which provides power supply and network services for sensor devices, facilitating urban smart applications[7] - The company's strategy focuses on building sustainable returns on a solid financial foundation to enhance total shareholder returns over the long term[72] Audit and Compliance - The independent auditor has reviewed the unaudited condensed consolidated interim financial statements for the reporting period[74] - No significant events occurred after the reporting period that could impact the company[75]

Core Viewpoint - Yuanli Holdings (01933.HK) expects to achieve revenue between RMB 120 million and RMB 130 million for the six months ending September 30, 2025, compared to approximately RMB 180 million for the same period last year [1] Financial Performance - Revenue for the six months ending September 30, 2025, is projected to be RMB 120 million to RMB 130 million, down from RMB 180 million for the same period in 2024 [1] - As of November 24, 2025, Yuanli Holdings closed at HKD 0.15, unchanged from the previous trading day, with a trading volume of 0 shares and a transaction value of HKD 0 [1] Market Position - Yuanli Holdings has a market capitalization of HKD 77.1 million, ranking 59th in the computer application industry [1] - The company has not received any ratings from investment banks in the past 90 days, indicating low attention from analysts [1] Key Financial Metrics - Return on Equity (ROE): -3.2%, compared to the industry average of -13.52%, ranking 42nd [1] - Market capitalization: HKD 77.1 million, significantly lower than the industry average of HKD 7.976 billion, ranking 69th [1] - Revenue: HKD 421 million, compared to the industry average of HKD 4.5447 billion, ranking 38th [1] - Net Profit Margin: -7.58%, better than the industry average of -15.21%, ranking 63rd [1] - Gross Profit Margin: 9.66%, compared to the industry average of 34.99%, ranking 57th [1] - Debt Ratio: 58.15%, significantly lower than the industry average of 8668.54%, ranking 48th [1]

Core Viewpoint - Yuanli Holdings (01933) expects to report revenue between RMB 120 million and RMB 130 million for the six months ending September 30, 2025, a decrease from approximately RMB 180 million for the same period last year [1] Financial Performance - The company anticipates a shareholder loss of approximately RMB 66 million to RMB 71 million for the reporting period, compared to a loss of about RMB 14 million in the same period last year [1] - The decline in revenue and increase in shareholder loss are primarily attributed to a reduction in the number of projects and longer payment cycles being managed [1] Strategic Adjustments - To enhance cash flow management, the company has reduced projects with longer payment cycles [1] - The increase in shareholder loss is also due to intensified market competition, leading the company to adjust pricing on new projects to secure long-term clients, as well as an increase in impairment losses [1] Future Outlook - Despite the reported shareholder loss, the company maintains a stable business operation and the board is optimistic about future financial performance [1] - The company will continue to focus on technology product development and talent cultivation to enhance competitiveness in technology and products, aiming to seize opportunities in China's energy internet and new infrastructure sectors to create greater value for shareholders [1]

Core Viewpoint - Yuanli Holdings (01933) expects revenue for the six months ending September 30, 2025, to be between RMB 120 million and RMB 130 million, a decrease from RMB 180 million in the same period last year. The company anticipates a shareholder loss of approximately RMB 66 million to RMB 71 million, compared to a loss of RMB 14 million in the previous year [1][1][1] Revenue and Loss Summary - The expected revenue decline is attributed to a reduction in project numbers, as the company has shortened the payment cycle for projects to enhance cash flow management [1][1] - The anticipated increase in shareholder loss is due to intensified market competition, leading the company to adjust project pricing to secure long-term clients, as well as an increase in impairment losses [1][1] Business Outlook - Despite the expected shareholder loss, the company maintains a stable business operation and the board expresses an optimistic outlook for future fiscal performance [1][1] - The company will continue to focus on technology product development and talent cultivation to enhance its competitive edge in technology and products, aiming to seize opportunities in China's energy internet and new infrastructure sectors to create greater value for shareholders [1][1][1]

Core Viewpoint - Yuanli Holdings (01933.HK) expects to report revenue between RMB 120 million and RMB 130 million for the six months ending September 30, 2025, a decrease from RMB 180 million in the same period last year, alongside an anticipated shareholder loss of approximately RMB 66 million to RMB 71 million, compared to a loss of RMB 14 million in the previous year [1] Group 1 - The decline in revenue is primarily attributed to a reduction in the number of projects undertaken, as the company has shortened the payment cycle for cash flow management [1] - The increase in shareholder loss is due to intensified market competition, leading the company to adjust project pricing to secure long-term clients, as well as an increase in impairment losses [1] - Despite the reported losses, the company maintains robust business operations and the board expresses an optimistic outlook for future fiscal performance [1] Group 2 - The company plans to continue focusing on technology product development and talent cultivation to enhance its competitive edge in technology and products [1] - Yuanli Holdings aims to seize opportunities in the energy internet and new infrastructure sectors in mainland China to create greater value for shareholders [1]