金秋九月，钱塘潮涌，思想激荡！9月17日，智通财经携手星耀资本，于中国新经济与电商的活力之都 ——杭州，启幕"大消费投资高峰论坛暨2025 智通星耀秋季联合策略会"。我们以"消费新物种·港股进化 论"为主题，邀您登临西子湖畔，共启2025年下半年澎湃激昂的投资新航程！ 2025 年的中国消费市场，正上演着传统与创新的交响：新能源汽车渗透率突破 47%，智能家居销售额 两位数增长，乡村消费增速反超城镇0.8个百分点，更多的中国品牌点亮纽约、伦敦等各个海外城市的 街头……每一根跃升的曲线背后，皆指向万亿级新大陆。 港股市场正成为消费力量的见证者：上半年消费类 IPO 获百倍认购，71%新股首日高收，机构资金与零 售资本共舞。而2025年全年5%的GDP增长预期，更凸显了消费作为经济"压舱石"的坚实地位与确定性 机遇。 本次策略会将设两大会场并行： 主会场以主题演讲与圆桌讨论纵论趋势，分会场由30家顶尖企业集中路演呈现机会。 期待您莅临现场，与决策层零距离对话，共绘下半年价值曲线。 【活动报名】 报名请添加官方微信：zhitongresearch，或致电本次活动会务秘书。 智通研究号：(86)13691842902 ...

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: 小黃鴨德盈控股國際有限公司 呈交日期: 2025年9月2日 I. 法定/註冊股本變動 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) | 02250 | 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 | | | 980,993,000 | | 0 | | 980,993,000 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 980,993,000 | | 0 | | 980,993,000 | 第 2 頁 共 10 頁 v 1.1.1 FF301 | 1. 股份分 ...

Core Viewpoint - The company, 小黄鸭德盈, reported a significant revenue increase of 37% in the first half of 2025, amounting to 82.31 million HKD, while narrowing its losses by 38% to 11.65 million HKD. The company also announced plans to acquire the toy company HIDDEN WOOO, which will enhance its control over the IP matrix and toy product line [1]. Financial Performance - In the first half of 2025, the company achieved a revenue of 82.31 million HKD, reflecting a 37% year-on-year growth [1]. - The company reported a loss of 11.65 million HKD, which is a 38% reduction compared to the previous year [1]. - The IP licensing business generated 38.44 million HKD in revenue, marking a 46% increase year-on-year [4]. - E-commerce and other business segments contributed 43.87 million HKD, with a year-on-year growth of 31% [5]. - The overseas revenue saw a remarkable increase of 160% year-on-year [9]. IP Development and Strategy - The company has established a diverse IP matrix, including partnerships with various cultural entities and brands, enhancing the cultural relevance of its core IP, B.Duck [2][3]. - The company has expanded its IP licensing partners from over 280 at the time of its IPO in 2022 to 577 partners, with over 50,000 SKUs [4]. - The acquisition of HIDDEN WOOO will allow the company to hold a 51% stake, further enriching its IP portfolio and expanding its toy product line [6][7]. Product and Market Expansion - The company is focusing on the toy retail sector, particularly in the潮玩 (trendy toy) segment, and has adjusted its product offerings to cater to younger consumers [5]. - The company is actively developing its presence in the cultural tourism sector, with plans to create a sustainable IP tourism ecosystem [8]. - The company has made significant strides in international markets, particularly in Thailand, where its products have entered major retail channels [9]. Future Outlook - The company aims to enhance its brand strategy from "Be Playful" to "Make A Playful World," indicating a commitment to global expansion while maintaining its roots in China [9].

Group 1 - The company, 小黄鸭德盈 (02250), announced a share acquisition and convertible loan investment agreement with various parties, involving the purchase of approximately 27.74% of the issued share capital of a Cayman company for RMB 38.6 million and a convertible loan of RMB 10.05 million [1] - Following the completion of the share acquisition, the Cayman company will be indirectly held 51% by investors, 41.78% by the founder's BVI company, and 7.22% by individual shareholders, making it an indirect non-wholly owned subsidiary of the company [1] Group 2 - The target group primarily engages in the research and sales of trendy toys and IP derivative products, with the Chinese IP industry maturing and expected to accelerate the rise of the trendy toy industry [2] - Young consumers increasingly value personalized and self-satisfying consumption, driven by emotional connections and companionship, which trendy toys can fulfill as a form of emotional and cultural consumption [2] - The share acquisition represents a strategic integration into the trendy toy industry, allowing the company to build a large private customer base, enhance consumer loyalty, and significantly increase brand value and market capitalization [2] - The acquisition will enable direct interaction with young consumers in areas such as celebrity economy, core fan operations around IP, artist collaborations, and new product licensing [2] - The convertible loan investment will provide stable interest income or allow the company to share in the future revenues of the target group, establishing a solid foundation for future collaboration and providing necessary funding for the target group's business development [2]

Group 1 - The company, 小黄鸭德盈, announced a share acquisition and convertible loan investment agreement, involving the purchase of approximately 27.74% of the issued share capital of a Cayman company for RMB 38.6 million and a convertible loan of RMB 10.05 million [1] - Following the completion of the share acquisition, the Cayman company will be held 51% by investors, 41.78% by the founder's BVI company, and 7.22% by individual shareholders, making it an indirect non-wholly owned subsidiary of the company [1] Group 2 - The target group primarily engages in the research and sales of trendy toys and IP derivative products, with the Chinese IP industry chain maturing, which is expected to accelerate the rise of the trendy toy industry [2] - The acquisition represents a strategic integration into the trendy toy industry, allowing the company to build a large private customer base, enhance consumer loyalty, and significantly increase brand value and market capitalization [2] - The acquisition will enable direct interaction with young consumers in areas such as star economy, core fan operations around IP, artist collaborations, and new product licensing, contributing to revenue growth and expansion of the company's IP matrix [2] - The convertible loan investment will provide stable interest income or allow the company to share in the future revenues of the target group, establishing a solid foundation for future collaboration and providing necessary funding for the target group's business development [2]

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 該等內容而引致之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證券的邀請或要約。 B.Duck Semk Holdings International Limited 小黃鴨德盈控股國際有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2250） 須予披露交易 涉及根據一般授權發行代價股份的 股份收購及可轉換貸款投資 董事會欣然宣佈，於2025年8月29日（交易時段後），本公司及德盈商貿（本公司 的間接全資附屬公司）與隱藏哇偶、哇偶文化傳媒、三口供應鏈、黃先生、嗨 燈屋文化及嗨燈屋合夥人訂立股份收購及可轉換貸款投資協議，據此(i)本公司 及賣方均已有條件同意於緊隨重組完成後分別購買及出售開曼公司已發行股本 總額的約27.74%，總代價為人民幣38.6百萬元；及(ii)本公司（或其指定境內聯 屬公司）已有條件同意向目標集團提供本金額為人民幣10,050,000元的可轉換貸 款。 於本公告日期，隱藏哇偶由黃先生持有 ...

Core Viewpoint - The company reported a significant increase in revenue while reducing its losses compared to the previous year [1] Financial Performance - The company achieved a revenue of HKD 82.314 million, representing a year-on-year growth of 37.38% [1] - The loss attributable to shareholders was HKD 10.743 million, which is a reduction of 36.66% compared to the same period last year [1] - The loss per share was HKD 0.0115 [1]

Group 1 - The company reported a revenue of HKD 82.314 million for the six months ending June 30, 2025, representing a year-on-year increase of 37.38% [1] - The loss attributable to shareholders narrowed to HKD 10.743 million, a decrease of 36.66% compared to the previous year [1] - The loss per share was HKD 0.0115 [1]

Group 1 - The company reported a revenue of HKD 82.314 million for the six months ending June 30, 2025, representing a year-on-year increase of 37.4% [1] - The loss attributable to equity holders was HKD 10.743 million, an improvement from a loss of HKD 16.961 million in the same period last year [1] - The basic loss per share was HKD 0.0115 [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，且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。 B.Duck Semk Holdings International Limited 截至2025年6月30日止六個月的中期業績公告 財務摘要 | | 截至6月30日止六個月 | | | --- | --- | --- | | | 2025年 | 2024年 | | | 千港元 | 千港元 | | | （未經審核）（未經審核） | | | 收益 | 82,314 | 59,915 | | 期內虧損 | (11,653) | (18,817) | | 本公司權益持有人應佔虧損 | (10,743) | (16,961) | | 非香港財務報告準則財務計量的 | | | | 本公司權益持有人應佔經調整虧損淨額(1) | (8,620) | (13,618) | | 非香港財務報告準則財務計量的 | | | | 經調整淨虧損率(%)(2) | (10.5) | (22.7) | 小黃鴨德盈控股國際有限公司 （於 ...