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 致：香港交易及結算所有限公司 公司名稱: 清科創業控股有限公司* 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) | 01945 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 500,000,000 | USD | | 0.0001 | USD | | 50,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 500,000,000 | USD | | 0.0001 | USD | | 50,000 | 本月底法定/註冊股本總額： ...

Core Insights - The company, Qingke Chuangye (01945.HK), expects a significant decline in total revenue for the six months ending June 30, 2025, projected to be between RMB 50.0 million and RMB 60.0 million, representing a year-on-year decrease of approximately 30.75% to 16.90% [1] - The net loss for the same period is anticipated to be between RMB 12.0 million and RMB 17.0 million, which is an increase of about 57.89% to 123.68% compared to the net loss of RMB 7.6 million in the previous year [1] - The board attributes the decrease in revenue and increase in net loss primarily to a reduction in offline customized industry events and training course sessions in marketing services [1]

ZERO2IPO HOLDINGS INC. 清科創業控股有限公司* （於 開曼群島註冊成立之有限公司） 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 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的任 何 損 失 承 擔 任 何 責 任。 董 事 會 特 此 提 醒 本 公 司 的 股 東 及 潛 在 投 資 者：本 公 告 載 列 的 資 料 是 基 於 參 考 目 前 董 事 會 所 獲 得 資 料 作 出 之 初 步 評 估，尚 未 經 本 公 司 獨 立 核 數 師 審 閱 或 審 計，亦 未 經 本 公 司 審 核 委 員 會 審 閱 並 可 能 與 本 集 團 截 至 二 零 二 五 年 六 月 三 十 日 止 六 個 月 的 實 際 業 績 有 所 不 同。建 議 本 公 司 股 東及潛在投資者仔細閱讀本集團截至二零二五年六月三十日止六個月 的 中 期 業 績，該 中 期 業 績 預 期 將 於 二 零 二 五 年 八 月 根 據 上 市 規 則 之 規 ...

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。 承董事會命 清科創業控股有限公司* 董事長兼首席執行官 倪正東 ZERO2IPO HOLDINGS INC. 清科創業控股有限公司* （於 開曼群島註冊成立之有限公司） （股份代號：1945） 董事會會議日期 清 科 創 業 控 股 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）謹 此 公 佈， 董事會會議將於2025年8月13日（星 期 三）舉 行，藉 以（其 中 包 括）考 慮 及 批 准 本 公 司、其 附 屬 公 司 及 合 併 聯 屬 實 體 截 至2025年6月30日止六個月之 中 期 業 績 及 其 發 佈，並 考 慮 派 發 中 期 股 息（如 有）。 中 國 北 京，2025年8月1日 於 本 公 告 日 期，本 公 司 董 事 會 包 括 執 行 董 事 倪 正 東 先 生、符 星 華 女 士 及 ...

Core Viewpoint - The IPO market for Chinese companies is showing signs of recovery in the first half of 2025, with an increase in the number of IPOs and the average return on investment for VC/PE-backed companies [3][23]. VC/PE Institutions IPO Performance - In the first half of 2025, there were 73 IPOs supported by VC/PE for Chinese companies, involving 346 institutions, marking a year-on-year increase of 35.2% [5][13]. - The total market value of shares held by VC/PE institutions in newly listed companies reached approximately 105.88 billion yuan, a year-on-year increase of 65.6% [5][13]. - 15 VC/PE institutions held shares worth over 30 billion yuan as of June 30, 2025, totaling more than 825.58 billion yuan [5]. IPO Quantity and Financing - The total financing amount for VC/PE-supported IPOs in the first half of 2025 was approximately 56.54 billion yuan, representing a year-on-year increase of 51.7% [13]. - The penetration rate of VC/PE in the Chinese IPO market reached 67.0%, with A-shares showing a penetration rate of 82.4%, an increase of 7.4 percentage points from the previous year [17]. Average Return on Investment - The average return multiple for VC/PE-backed IPOs in the first half of 2025 was 3.74 times, with A-shares averaging 3.41 times and overseas markets averaging 4.07 times [20]. - The average return on A-shares has shown a greater increase compared to overseas markets [20]. Market Outlook - The IPO market is expected to continue its recovery, with signs of increased issuance pace and support for high-quality, unprofitable tech companies [23]. - Despite the positive signals, the number of IPOs is not expected to return to the peak levels seen in 2021 in the short to medium term [23].

Group 1 - The core viewpoint of the news is that Qingke Chuangye has been actively repurchasing its shares, signaling confidence in its future development and potentially indicating that its stock is undervalued [1][3] - As of July 8, 2025, Qingke Chuangye repurchased 2,800 shares at an average price of 1.12 HKD per share, totaling approximately 3,140 HKD, with a cumulative repurchase of 1.6732 million shares this year, representing 0.55% of its total share capital [1] - The stock repurchase activity is seen as a strategy to enhance earnings per share and stabilize stock prices, thereby boosting investor confidence during market volatility [1] Group 2 - Qingke Chuangye is a publicly listed company in Hong Kong, focusing on the entrepreneurial and investment ecosystem, providing a wide range of products and services [2] - The company has a strong presence in the entrepreneurial services sector, offering information, data, and research reports to entrepreneurs, investors, and industry participants [2] - Qingke Chuangye plays a significant role in the entrepreneurial investment ecosystem by organizing various entrepreneurial events to facilitate communication and financing for startup projects [2]

Summary of Key Points Core Viewpoint - On July 7, 34 Hong Kong-listed companies conducted share buybacks, totaling 30.99 million shares and an aggregate amount of HKD 921 million [1][2]. Group 1: Buyback Details - Tencent Holdings repurchased 1.002 million shares for HKD 501 million, with a highest price of HKD 502.000 and a lowest price of HKD 494.400, bringing its total buyback amount for the year to HKD 38.542 billion [1][2]. - AIA Group repurchased 5.5 million shares for HKD 377 million, with a highest price of HKD 69.150 and a lowest price of HKD 68.050, totaling HKD 16.352 billion in buybacks for the year [1][2]. - Founder Holdings repurchased 10.386 million shares for HKD 1.174 million, with a highest price of HKD 1.150 and a lowest price of HKD 1.110, accumulating HKD 3.541 million in buybacks for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on July 7 was from Tencent Holdings at HKD 501 million, followed by AIA Group at HKD 377 million [1][2]. - In terms of share quantity, Founder Holdings had the most significant buyback with 10.386 million shares, followed by AIA Group with 5.5 million shares and China Electric Power Technology with 2.26 million shares [1][2].

Core Viewpoint - The article discusses the 2025 China Private Equity Investment Fund Limited Partner Rankings, highlighting the challenges and transformations in the private equity market, particularly the role of long-term capital and government guidance funds in revitalizing the sector [3][4]. Group 1: Market Overview - The Chinese private equity market has faced downward pressure over the past year, with a slowdown in fundraising and investment activities [3]. - Despite these challenges, long-term capital from insurance companies, banks, and national funds is entering the market, providing new liquidity [3]. - State-owned capital is becoming a dominant force, enhancing collaboration with various LPs to empower technological innovation and industrial development [3]. Group 2: Rankings and Lists - The article presents the "Top 50 China Government Guidance Funds of the Year 2025," with the Shenzhen Municipal Government Investment Guidance Fund ranked first [6][11]. - It also includes the "Top 50 China VC/PE Institutional Limited Partners of the Year 2025," with CICC Capital at the top of the list [25][26]. - Additional rankings include the "Top 10 China Provincial Government Guidance Funds" and the "Top 30 China County-level Government Guidance Funds," showcasing the diversity of government-led investment initiatives [10][21]. Group 3: Future Outlook - The article suggests that as the private equity market begins to recover in terms of exits and fundraising, the dynamics between LPs and GPs will evolve, warranting further observation [3].

Summary of Key Points Core Viewpoint - On June 18, 35 Hong Kong-listed companies conducted share buybacks, totaling 26.35 million shares and an aggregate amount of HKD 938 million [1][2]. Group 1: Buyback Details - Tencent Holdings repurchased 990,000 shares for HKD 501 million, with a highest price of HKD 510.00 and a lowest price of HKD 503.50, bringing its total buyback amount for the year to HKD 32.54 billion [1][2]. - AIA Group repurchased 5.21 million shares for HKD 354 million, with a highest price of HKD 68.65 and a lowest price of HKD 67.70, totaling HKD 13.64 billion in buybacks for the year [1][2]. - Techtronic Industries repurchased 250,000 shares for HKD 21.77 million, with a highest price of HKD 87.60 and a lowest price of HKD 86.60, totaling HKD 99.37 million in buybacks for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on June 18 was from Tencent Holdings at HKD 501 million, followed by AIA Group at HKD 354 million [1][2]. - In terms of share quantity, the most shares repurchased on June 18 were by Pacific Basin Shipping at 6 million shares, followed by AIA Group and COSCO Shipping at 5.21 million and 5 million shares, respectively [1][2].

Summary of Key Points Core Viewpoint - On June 12, 24 Hong Kong-listed companies conducted share buybacks totaling 9.0657 million shares, with a total buyback amount of 570 million HKD, indicating a strong trend in share repurchase activity among these companies [1][2]. Group 1: Company Buyback Details - Tencent Holdings repurchased 975,000 shares for a total of 500 million HKD, with a highest price of 518.000 HKD and a lowest price of 508.000 HKD, bringing its total buyback amount for the year to 30.535 billion HKD [1][2]. - AIA Group repurchased 650,000 shares for 44.9605 million HKD, with a highest price of 69.600 HKD and a lowest price of 68.750 HKD, accumulating a total buyback amount of 12.627 billion HKD for the year [1][2]. - J&T Express-W bought back 1.15 million shares for 7.765 million HKD, with a highest price of 6.780 HKD and a lowest price of 6.690 HKD, totaling 269.17 million HKD in buybacks for the year [1][2]. Group 2: Buyback Volume Rankings - The highest number of shares repurchased on June 12 was by Zhou Hei Ya, which bought back 1.621 million shares, followed by China Xuyang Group with 1.322 million shares and J&T Express-W with 1.15 million shares [1][2]. - In terms of buyback amounts, Tencent Holdings led with 500 million HKD, followed by AIA Group with 44.9605 million HKD, and J&T Express-W also featured prominently [1][2].