Core Viewpoint - The company expects a significant increase in its unaudited consolidated profit for the six months ending June 30, 2025, rising from approximately RMB 59.3 million to around RMB 140 million [1] Financial Performance - The projected unaudited consolidated profit for the reporting period is approximately RMB 140 million, a substantial increase compared to RMB 59.3 million for the same period ending June 30, 2024 [1] - The notable growth in profit is primarily attributed to the absence of additional impairment provisions for major trade receivables and transitional loans included in other receivables related to film production and investment business during the reporting period [1]

Core Viewpoint - The company expects a significant increase in its unaudited consolidated profit from approximately RMB 59.3 million for the six months ending June 30, 2024, to about RMB 140 million for the six months ending June 30, 2025, indicating a strong growth trajectory [1] Financial Performance - The projected increase in unaudited consolidated profit is substantial, reflecting a growth of approximately 136% [1] - The significant growth is primarily attributed to the absence of additional impairment provisions for major trade receivables and transitional loans related to film production and investment business during the reporting period [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份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 CATHAY GROUP HOLDINGS INC. 華夏集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1981） 承董事會命 華夏集團控股有限公司 董事長及執行董事 蒲樹林 中國，2025年8月20日 本公告乃由華夏集團控股有限公司（「本公司」，連同其附屬公司及綜合聯屬實 體統稱「本集團」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第 13.09(2)條及香港法例第571章證券及期貨條例第XIVA部下的內幕消息條文（定義 見上市規則）刊發。 本公司董事（「董事」）會（「董事會」）謹此通知本公司股東（「股東」）及有意投資者， 根據本集團截至2025年6月30日止六個月（「報告期間」）的未經審核綜合管理賬目 以及目前可得資料，預期本集團的未經審核綜合利潤將從截至2024年6月30日止 六個月的人民幣59,300,000元大幅增加至報告期間約人民幣140,000,000元。 本 ...

Group 1 - The company, Huaxia Holdings (01981.HK), has announced a board meeting scheduled for August 29, 2025, to consider and approve the interim results for the six months ending June 30, 2025, and to discuss the potential distribution of an interim dividend, if any [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份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 CATHAY GROUP HOLDINGS INC. 華夏集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1981） 董事會會議召開日期 華夏集團控股有限公司（「本公司」，連同其附屬公司及併表聯屬實體統稱「本集 團」）董事會（「董事會」）茲通告謹定於二零二五年八月二十九日（星期五）舉行董 事會會議，以考慮及通過本集團截至二零二五年六月三十日止六個月的中期業 績及派發中期股息（如有），以及處理其他事項。 承董事會命 華夏集團控股有限公司 董事長及執行董事 蒲樹林 中國，二零二五年八月十九日 於本公告日期，本公司執行董事為蒲樹林先生、羅佳女士、吳曄先生及劉志雄先 生；及本公司獨立非執行董事為張紀中先生、李卓然先生及黃煜先生。 ...

Core Viewpoint - The Southern Science and Technology Chip ETF (588890) has shown a positive performance with a 1.11% increase at the opening on August 18, 2023, indicating strong investor interest in the semiconductor sector [1] Group 1: ETF Performance - The Southern Science and Technology Chip ETF (588890) opened at 1.997 yuan, reflecting a 1.11% increase [1] - Since its establishment on April 15, 2024, the fund has achieved a return of 97.28% [1] - The fund's one-month return stands at 16.21% [1] Group 2: Major Holdings - Key holdings in the ETF include: - SMIC (中芯国际) with a 1.81% increase [1] - Haiguang Information (海光信息) up by 0.74% [1] - Cambricon (寒武纪) rising by 2.88% [1] - Lattice Technology (澜起科技) with a slight increase of 0.02% [1] - Zhongwei Company (中微公司) up by 0.77% [1] - Chipone (芯原股份) increasing by 2.69% [1] - Hu Silicon Industry (沪硅产业) up by 1.00% [1] - Hengxuan Technology (恒玄科技) rising by 0.65% [1] - Sitaiwei (思特威) with a minor increase of 0.14% [1] - Huahai Qingke (华海清科) up by 0.06% [1]

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7月31日 狀態: 新提交 本月底法定/註冊股本總額： USD 50,000 第 1 頁 共 10 頁 v 1.1.1 FF301 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) | 01981 | 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 | | | | 1,654,937,000 | | 0 | | 1,654,937,000 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 1,654,937,000 | | 0 | | 1,654,937,000 | 致：香港交易及結算所有限公司 公司名稱: ...

Financial Performance - The company reversed a loss of RMB 181.1 million for the year ended December 31, 2023, to a profit of RMB 116.9 million during the reporting period[8]. - The company's total revenue increased from RMB 759.0 million in the year ended December 31, 2023, to RMB 782.4 million in the reporting period, primarily due to the growth in higher education (media and arts) and vocational education revenue[36]. - Adjusted net profit for the year ended December 31, 2024, was RMB 218.3 million, while the adjusted net loss for the year ended December 31, 2023, was RMB 1.3 million[55]. - The overall gross profit increased by 37.2% from RMB 277.8 million to RMB 381.2 million, with the gross profit margin rising from 36.6% to 48.7%[41]. - The total impairment loss recognized during the reporting period amounted to RMB 159.6 million, with major impairments in trade receivables and transitional loans[51]. Dividends - The board proposed a final dividend of HKD 0.03 per share and a special dividend of HKD 0.03 per share, totaling approximately HKD 99.3 million, subject to shareholder approval[8]. - The company does not have a fixed dividend payout ratio but aims to recommend dividends in line with industry averages while maintaining sufficient reserves for operations and growth[181]. Student Enrollment and Education Strategy - The total number of students enrolled in the company's universities is approximately 30,000, with plans to expand capacity to over 50,000 students in the future[8]. - The company reported a year-on-year increase of approximately 3.6% in total student enrollment, reaching 29,742 students as of December 31, 2024[12]. - The company aims to develop three key areas: media and arts education, knowledge payment and vertical e-commerce, and AI teaching and AI arts courses[8]. - The company is committed to enhancing internship and employment opportunities for students through industry-education integration[8]. - The company aims to establish a differentiated competitive advantage in the artificial intelligence education sector, particularly in media and arts education[25]. Revenue Segments - The higher education (media and arts) and vocational education segments recorded total revenue of RMB 671.3 million, a year-on-year increase of 13.2%[15]. - Revenue from the higher education (media and arts) and vocational education segment rose by RMB 78.3 million or 13.2% to RMB 671.3 million, mainly driven by an increase in undergraduate course revenue[36]. - The higher education (media and arts) and vocational education segment accounted for 85.8% of total revenue in 2024, compared to 78.1% in 2023, indicating a significant shift towards this segment[36]. - The entertainment and live e-commerce segment generated revenue of RMB 111.0 million, representing 14.2% of total revenue, down from 21.9% in the previous year[36]. Operational Developments - The company has established partnerships with over 80 leading global media and arts universities for its international foundation courses[12]. - The company plans to expand the Nanjing Media College's main campus and Binjiang campus to accommodate approximately 33,000 and 10,000 students, respectively, with an additional campus for vocational education if needed[26]. - The company has initiated legal proceedings to recover RMB 170 million of transitional loans, having received a favorable ruling from the relevant Chinese arbitration commission[14]. Corporate Governance - The company aims to achieve high levels of corporate governance, which is crucial for its development and safeguarding shareholder interests[147]. - The board is committed to maintaining and establishing sound corporate governance practices to ensure the achievement of business objectives[147]. - The company has established a governance framework and developed policies and procedures to strengthen the board's ability to oversee business conduct[147]. - The board consists of seven members, including four executive directors and three independent non-executive directors[155]. - The company has established three committees: audit committee, remuneration committee, and nomination committee, each with defined written terms of reference[166]. Risk Management and Compliance - The company faces significant uncertainties in its higher education business due to the termination of a cooperation agreement with Communication University of China, impacting enrollment and employment[77]. - The company is subject to strict regulations in the film and television industry in China, which can lead to significant operational uncertainties[77]. - The company has implemented a whistleblowing policy allowing employees to report concerns confidentially to the audit committee[194]. - The group has a risk management and internal control system designed to identify and assess risks, ensuring assets are not misused[200]. Employee and Diversity Initiatives - The total number of employees increased to 2,311 as of December 31, 2024, from 2,193 as of December 31, 2023[69]. - Approximately 55% of the company's 2,311 employees are female, totaling 1,275 female employees, including management[180]. - The company has set a goal for at least 50% of its workforce to be female, with specific initiatives to enhance gender diversity in recruitment and hiring practices[180]. - The board aims to maintain a gender diversity target of at least one female director by December 31, 2024, with a current composition of seven directors[176].

Financial Performance - For the fiscal year ending December 31, 2024, the total revenue was RMB 782,359,000, representing a 3.1% increase from RMB 759,040,000 in 2023[5] - The company reported a net profit of RMB 116,911,000 for the year, compared to a net loss of RMB 181,067,000 in 2023[5] - Adjusted net profit for the year was RMB 218,266,000, significantly improving from an adjusted net loss of RMB 1,311,000 in 2023[5] - Total revenue increased from RMB 759.0 million in 2023 to RMB 782.4 million in 2024, primarily driven by a 13.2% increase in higher education revenue[33] - The overall gross profit increased by 37.2% from RMB 277.8 million in 2023 to RMB 381.2 million in 2024, with the gross profit margin rising from 36.6% to 48.7%[38] - The company recorded a profit before tax of RMB 117,275 thousand, compared to a loss of RMB 181,229 thousand in the previous year[78] - The company reported a profit attributable to owners of RMB 92,064,000 for the year ended December 31, 2024, compared to a loss of RMB 196,265,000 in 2023[99] Revenue Segments - The segment profit for higher education (media and arts) and vocational education was RMB 246,272,000, a 35.0% increase from RMB 182,411,000 in 2023[5] - The higher education (media and arts) and vocational education segments recorded total revenue of RMB 671.3 million, a year-on-year increase of 13.2%[13] - Undergraduate revenue increased by RMB 94.3 million or 23.5% to RMB 494.6 million, primarily due to tuition fee increases for new students starting in the 2023/2024 academic year[13] - The live e-commerce and artist management business generated total revenue of RMB 111.0 million during the reporting period, compared to RMB 81.1 million for the year ending December 31, 2023[15] - Revenue from film and television production and investment decreased by RMB 85.0 million during the reporting period due to a lack of first-round releases and declining traditional advertising revenue in the industry[16] - The entertainment and live e-commerce segment's revenue decreased from RMB 166.1 million to RMB 111.0 million, attributed to the absence of new film releases during the reporting period[34] Student Enrollment and Education Programs - The number of students enrolled in the group reached approximately 29,742, with full-time undergraduates totaling 25,157, marking a year-on-year growth of about 3.6%[9] - The total number of students at Nanjing Media College is expected to reach nearly 30,000 by December 31, 2024, with plans to expand capacity to over 50,000 students across various educational programs[23] - The company offers over 50 undergraduate programs, with 16 recognized as provincial-level first-class programs and 4 as national first-class programs[10] Dividends and Shareholder Information - The company declared a final dividend of HKD 0.03 per share for the fiscal year 2024, compared to no dividend in 2023, and a special dividend of HKD 0.03 per share, down from HKD 0.06 in 2023[4] - The company has proposed a final dividend of HKD 0.03 per share for the year ending December 31, 2024, compared to no dividend for the year ending December 31, 2023[76] - A special dividend of HKD 0.03 per share is also proposed, down from HKD 0.06 per share for the year ending December 31, 2023[76] Legal and Compliance Matters - The company has initiated legal proceedings to recover RMB 170 million related to transitional loans, with a favorable ruling obtained from the relevant arbitration committee[11] - A lawsuit has been filed against the company with a claim amount of approximately RMB 57,041,000, but no provision has been made as the outcome is uncertain[107] - The audit committee, consisting of three members, has reviewed the audited consolidated financial statements for the year ending December 31, 2024[71] - The company has adopted a securities trading policy for its directors and relevant employees, confirming compliance since the beginning of the fiscal year[70] Financial Position and Assets - Cash and cash equivalents increased to RMB 690.8 million as of December 31, 2024, up from RMB 342.0 million as of December 31, 2023[54] - Total assets decreased from RMB 3,078.2 million as of December 31, 2023, to RMB 3,057.6 million as of December 31, 2024[55] - Total liabilities decreased from RMB 662.2 million as of December 31, 2023, to RMB 612.0 million as of December 31, 2024[55] - The total equity as of December 31, 2024, is RMB 2,445.6 million, compared to RMB 2,416.0 million as of December 31, 2023[55] Employee and Operational Costs - The total salary cost for the year ending December 31, 2024, is RMB 204.0 million, an increase from RMB 176.9 million for the year ending December 31, 2023[65] - The company has 2,311 employees as of December 31, 2024, up from 2,193 employees as of December 31, 2023[64] - Administrative expenses increased from RMB 114.5 million in 2023 to RMB 122.3 million in 2024, primarily due to salary increases for staff[42] Future Plans and Strategic Initiatives - The company plans to develop a "knowledge payment and vertical e-commerce" business, focusing on high-quality media and arts knowledge intellectual property and expanding its product offerings[24] - The company aims to establish a differentiated competitive advantage in the artificial intelligence education sector, particularly in media and arts education[22] - The company plans to launch a subscription-based product for AI education in media and arts by 2025, integrating AI with traditional education[25] - The company continues to focus on expanding its higher education and vocational training services in China, leveraging its existing assets and market presence[81]

Revenue and Profitability - Revenue for the six months ended June 30, 2024, was RMB 386,570,000, representing a 2.6% increase from RMB 376,788,000 in the same period of 2023[3] - The adjusted net profit for the period was RMB 108,393,000, a significant recovery from a loss of RMB 58,426,000 in the prior year[3] - The company reported a profit before tax of RMB 59,658,000, a significant recovery from a loss of RMB 110,298,000 in the previous year[72] - Net profit for the period was RMB 59,262,000, compared to a loss of RMB 109,932,000 in the same period last year[72] - The company reported a profit of RMB 48,547,000 for the six months ended June 30, 2024, compared to a loss in the previous period[74] - The company reported a profit attributable to owners of RMB 48,547,000 for the six months ended June 30, 2024, compared to a loss of RMB 119,055,000 in the same period of 2023[91] Gross Profit and Margins - Gross profit increased by 27.8% to RMB 193,768,000 compared to RMB 151,564,000 in the previous year[3] - The overall gross profit increased by 27.8% from RMB 151.6 million for the six months ended June 30, 2023, to RMB 193.8 million for the six months ended June 30, 2024, with a gross profit margin rising from 40.2% to 50.1%[25] - The gross profit margin for the higher education (media and arts) and vocational education segment decreased from 60.6% to 57.0% due to increased teaching staff costs[26] - The entertainment and live e-commerce segment recorded a gross profit margin of 17.1%, improving from a gross loss margin of 49.0% in the previous period[26] Enrollment and Education Partnerships - The number of students enrolled as of June 30, 2024, was approximately 29,155, including 24,127 full-time undergraduates, marking an 8.9% year-on-year growth[6] - The company has established partnerships with over 70 leading global media and arts universities for its international foundation programs[6] Segment Performance - The higher education segment, which includes media and arts, generated revenue of RMB 320,308,000, up 4.5% from RMB 306,631,000 in the previous year[3] - The entertainment and live e-commerce segment reported a revenue decline of 5.6%, totaling RMB 66,262,000 compared to RMB 70,157,000 in the same period last year[3] - The entertainment and live e-commerce segment generated revenue of RMB 66,262,000, a decrease from RMB 70,157,000 in the same period last year, indicating a decline of approximately 5.4%[82] Financial Position and Cash Flow - As of June 30, 2024, the total cash and cash equivalents amounted to RMB 576.0 million, a decrease from RMB 717.4 million as of December 31, 2023, primarily due to the payment of special dividends[39] - Total assets decreased from RMB 3,078.2 million as of December 31, 2023, to RMB 2,683.8 million as of June 30, 2024, while total liabilities decreased from RMB 662.2 million to RMB 299.6 million[39] - The current ratio as of June 30, 2024, was 455.0%, up from 257.0% as of December 31, 2023[39] - The company maintained a stable cash position with cash and cash equivalents amounting to RMB 295,977,000 as of June 30, 2024[73] Expenses and Impairments - Administrative expenses increased from RMB 55.3 million to RMB 60.0 million, primarily due to higher university staff costs[30] - Total impairment losses increased from RMB 573.6 million to RMB 653.2 million during the reporting period, with trade receivables impairment totaling RMB 443.7 million[34] - The impairment loss on trade receivables for the six months ended June 30, 2024, was RMB 31,389,000, a significant decrease of 81.7% compared to RMB 171,731,000 in the same period of 2023[87] Corporate Governance and Shareholder Information - The company has established an audit committee consisting of three members, with Mr. Li as the chairman, ensuring proper governance and oversight[53] - The company has a total of 1,654,937,000 shares issued as of June 30, 2024, with Mr. Pu and Ms. Luo collectively holding 72.37% of the shares[61] - The board does not recommend the payment of an interim dividend for the six months ended June 30, 2024, compared to HKD 0.03 per share for the same period in 2023[56] Legal and Regulatory Matters - The company has initiated legal proceedings to recover RMB 170 million of the transitional loan[9] - The company has pending litigation with two independent plaintiffs claiming a total of approximately RMB 98,784 thousand, with no provision made as the outcome remains uncertain[112] - There are no significant litigations or arbitration proceedings involving the company during the reporting period[55] Strategic Initiatives and Future Outlook - The company aims to enhance its corporate image and promote future business development through its new name and strategic focus[5] - The company is actively seeking partnerships to enhance its live e-commerce and vocational education offerings, including establishing live streaming rooms and related courses[17] - The group plans to enhance its live e-commerce business by leveraging star artists and expanding its live streaming matrix[18]