Core Viewpoint - Liang Zhitian Design Group (02262.HK) reported a significant improvement in its mid-term performance, achieving profitability after a previous loss, driven by revenue growth and cost management [1] Financial Performance - The company's revenue for the six months ending June 30, 2025, was HKD 195 million, representing an 18.28% year-on-year increase [1] - Shareholders' profit for the period was HKD 1.59 million, a turnaround from a loss of HKD 6.139 million in the same period last year [1] - Basic earnings per share were HKD 0.14 [1] Contract and Cash Position - As of June 30, 2025, the total remaining contract amount for the group was approximately HKD 538.5 million [1] - The group held bank balances and cash of about HKD 113 million as of June 30, 2025 [1] Gross Profit and Margin - The group's gross profit increased by approximately 14.2% to HKD 73 million in the first half of 2025 [1] - However, the overall gross margin slightly decreased from about 38.8% in the previous period to approximately 37.5% due to a decline in the JHD business segment [1] Net Profit Improvement - The group recorded a net profit of approximately HKD 1 million, significantly improved due to enhanced gross profit, increased other income, and reduced financing costs from lower average bank borrowings [1]

Group 1 - The core viewpoint of the article is that Liang Zhitian Design Group (02262) reported a significant financial turnaround with a revenue increase and a return to profitability [1] - The company achieved a revenue of HKD 195 million for the six months ending June 30, 2025, representing an 18.3% year-on-year growth [1] - The profit attributable to equity holders was HKD 1.59 million, a recovery from a loss of HKD 6.139 million in the same period last year [1] - Basic earnings per share were reported at HKD 0.14 [1] Group 2 - The increase in total revenue was primarily driven by growth in the residential and private residential project sectors [1] - This growth is attributed to the recovery of the Chinese real estate market [1]

Financial Highlights Steve Leung Design Group Limited announced interim results for the six months ended June 30, 2025, showing the company successfully turned losses into profits, with both revenue and gross profit increasing, though gross profit margin slightly decreased, basic earnings per share turned positive, total remaining contracts and current ratio improved, and cash position remained strong Financial Highlights for H1 2025 (million HKD) | Metric | 2025 (million HKD) | 2024 (million HKD) | | :--- | :--- | :--- | | Revenue for the Period | 194.6 | 164.5 | | Profit (Loss) for the Period | 1.0 | (7.4) | | Basic Earnings (Loss) Per Share (HK cents) | 0.14 | (0.54) | | Net Asset Value Per Share (HKD) | 0.28 (as at June 30, 2025) | 0.28 (as at December 31, 2024) | | Total Remaining Contracts | 538.5 (as at June 30, 2025) | 507.1 (as at December 31, 2024) | | Bank Balances and Cash | 112.7 (as at June 30, 2025) | 140.9 (as at December 31, 2024) | - The Board resolved not to declare any interim dividend for the six months ended June 30, 2025[9](index=9&type=chunk) Condensed Consolidated Financial Statements This section provides Steve Leung Design Group's unaudited condensed consolidated statement of profit or loss and other comprehensive income and condensed consolidated statement of financial position for the six months ended June 30, 2025, detailing key financial data such as revenue, costs, profits, assets, liabilities, and equity, compared with the same period last year or the end of last year [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) For the six months ended June 30, 2025, the Company's revenue increased by 18.3% to HKD 194.6 million, and gross profit increased by 14.2% to HKD 73.0 million, successfully turning losses into profits for the period with a recorded profit of HKD 0.971 million, compared to a loss of HKD 7.374 million in the same period last year, basic earnings per share was 0.14 HK cents, a significant improvement from basic loss per share of 0.54 HK cents last year Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (thousand HKD) | Metric | 2025 (thousand HKD) | 2024 (thousand HKD) | | :--- | :--- | :--- | | Revenue | 194,592 | 164,514 | | Cost of Sales | (121,593) | (100,583) | | Gross Profit | 72,999 | 63,931 | | Other Gains and Losses | 874 | (2,937) | | Impairment Losses on Trade Receivables and Contract Assets under ECL Model | (9,793) | (5,390) | | Other Income | 2,325 | 1,021 | | Selling Expenses | (10,159) | (7,706) | | Administrative Expenses | (51,202) | (51,507) | | Finance Costs | (1,239) | (2,000) | | Profit (Loss) Before Tax | 3,805 | (4,588) | | Income Tax Expense | (2,834) | (2,786) | | Profit (Loss) for the Period | 971 | (7,374) | | Exchange Differences from Overseas Operations | 3,518 | (890) | | Total Comprehensive Income (Expense) for the Period | 4,489 | (8,264) | Earnings (Loss) Per Share (HK cents) | Metric | 2025 (HK cents) | 2024 (HK cents) | | :--- | :--- | :--- | | Basic | 0.14 | (0.54) | | Diluted | 0.14 | (0.54) | [Condensed Consolidated Statement of Financial Position](index=4&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) As at June 30, 2025, total assets less current liabilities was HKD 347.3 million, a slight decrease from HKD 348.1 million as at December 31, 2024, net current assets increased to HKD 238.6 million while current liabilities decreased, and equity attributable to owners of the Company increased to HKD 308.3 million Condensed Consolidated Statement of Financial Position (thousand HKD) | Metric | June 30, 2025 (thousand HKD) | December 31, 2024 (thousand HKD) | | :--- | :--- | :--- | | **Non-current Assets** | | | | Property, Plant and Equipment | 13,821 | 15,509 | | Right-of-use Assets | 35,210 | 40,174 | | Intangible Assets | 1,080 | 1,251 | | Goodwill | 1,182 | 1,166 | | Rental Deposits | 5,308 | 5,377 | | Deferred Tax Assets | 52,060 | 51,558 | | **Total Non-current Assets** | **108,661** | **115,035** | | **Current Assets** | | | | Inventories | 27 | 26 | | Trade Receivables | 158,919 | 138,730 | | Other Receivables, Deposits and Prepayments | 11,534 | 9,390 | | Contract Assets | 84,429 | 90,323 | | Tax Recoverable | 247 | 247 | | Restricted Bank Balances | 2,265 | 2,720 | | Bank Balances and Cash | 112,671 | 140,883 | | **Total Current Assets** | **370,092** | **382,319** | | **Current Liabilities** | | | | Trade Payables | 53,943 | 50,625 | | Other Payables and Accrued Expenses | 14,120 | 20,242 | | Bank Borrowings | 5,000 | 20,000 | | Lease Liabilities | 17,752 | 17,506 | | Contract Liabilities | 18,333 | 19,384 | | Tax Liabilities | 22,337 | 21,510 | | **Total Current Liabilities** | **131,485** | **149,267** | | **Net Current Assets** | **238,607** | **233,052** | | **Total Assets Less Current Liabilities** | **347,268** | **348,087** | | **Total Equity** | **318,548** | **314,059** | | **Total Non-current Liabilities** | **28,720** | **34,028** | Notes to the Condensed Consolidated Financial Information This section details the basis of preparation for the condensed consolidated financial statements, significant accounting policies, revenue and segment information, changes and composition of various assets and liabilities, and key financial notes including income tax, earnings per share, and contingent liabilities, providing deeper context for understanding the Company's financial position and operating results [1. General Information and Basis of Preparation](index=6&type=section&id=1.%20%E4%B8%80%E8%88%AC%E8%B3%87%E6%96%99%E5%8F%8A%E7%B7%A8%E8%A3%BD%E5%9F%BA%E6%BA%96) The Company was incorporated in the Cayman Islands, its shares are listed on the Hong Kong Stock Exchange, the ultimate holding company is Jangho Group Co., Ltd., and the condensed consolidated financial statements are prepared in accordance with HKAS 34 and the Listing Rules of the Stock Exchange and presented in HKD - The Company was incorporated on December 9, 2016, under the Companies Act of the Cayman Islands, and its shares were listed on the Hong Kong Stock Exchange on July 5, 2018[15](index=15&type=chunk) - The Company's ultimate holding company is Jangho Group Co., Ltd., whose shares are listed on the Shanghai Stock Exchange[15](index=15&type=chunk) - The condensed consolidated financial statements are prepared in accordance with HKAS 34 'Interim Financial Reporting' and the applicable disclosure requirements of Appendix D2 of the Listing Rules, and are presented in HKD[15](index=15&type=chunk)[16](index=16&type=chunk) [2. Significant Accounting Policies](index=6&type=section&id=2.%20%E9%87%8D%E8%A6%81%E6%9C%83%E8%A8%88%E6%94%BF%E7%AD%96) The condensed consolidated financial statements are prepared on a historical cost basis, with accounting policies consistent with the 2024 annual consolidated financial statements, except

Core Viewpoint - The company,梁志天设计集团, will hold a board meeting on August 26, 2025, to review and approve its interim results for the six months ending June 30, 2025, and to consider the proposal for an interim dividend distribution if applicable [1] Group 1 - The board meeting is scheduled for August 26, 2025 [1] - The meeting will include the review and approval of the interim results for the six months ending June 30, 2025 [1] - The company will also consider the proposal for an interim dividend distribution during the meeting [1]

（股份代號：2262） 董事會會議通告 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。 STEVE LEUNG DESIGN GROUP LIMITED 梁志天設計集團有限公司 （於開曼群島註冊成立的有限公司） 主席 許興利 香港，2025年8月12日 於本公告日期，本公司執行董事為梁志天先生（銅紫荊星章）、蕭文熙先生（首席 執行官）及葉玨鴻先生（首席財務官）；非執行董事為許興利先生（主席）、丁敬勇 先生及黃文熙先生；及獨立非執行董事為劉珝先生、曾浩嘉先生及王婉君女士。 1. 省覽及批准本集團截至2025年6月30日止六個月期間的未經審核綜合業績 （「2025年中期業績」）及批准根據香港聯合交易所有限公司證券上市規則將 予發佈的2025年中期業績公告的初稿； 2. 考慮建議派發中期股息（如有）； 3. 考慮暫停辦理本公司股東過戶登記手續（如有需要）；及 4. 處理任何其他事務。 STEVE LEUNG DESIGN GROUP LIMITED梁志天設計 ...

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: 梁志天設計集團有限公司 呈交日期: 2025年8月6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) | 02262 | 說明 | 梁志天設計集團 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.01 | HKD | | 40,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.01 | HKD | | 40,000,000 | 本 ...

Group 1 - The stock price of Steve Leung Design Group Limited (02262.HK) closed at HKD 1.310 on June 6, remaining flat compared to the previous trading day, with an intraday high of HKD 1.320, marking a new high in nearly a year [1] - On the same day, the net capital flow showed an inflow of HKD 35,550 and an outflow of HKD 402,570, resulting in a net outflow of HKD 367,000 [1] Group 2 - Steve Leung Design Group Limited, founded by renowned designer Steve Leung in 1997, officially entered the domestic market in 2000 and was listed on the Hong Kong Stock Exchange in 2018, becoming the first publicly listed company in Hong Kong to provide pure design services [2] - The company has dual headquarters in Hong Kong and Shanghai, with branches in Beijing and Guangzhou, employing over 500 elite team members, making it one of the largest interior design companies in Asia [2] - The company has completed design projects in over 130 cities globally and has won more than 210 international design and corporate awards [2] - Since 2016, the company has been ranked first globally in the residential category by the authoritative magazine "Interior Design" and was ranked 21st overall in 2021 [2] - The company offers a diverse range of high-quality design services through its 12 brands, including model homes, sales centers, clubs, luxury residences, serviced apartments, hotels, restaurants, commercial and office spaces, as well as healthcare and elderly care facilities [2] - Notable projects include the Shangri-La Hotel in London, Park Mansion in Tokyo, Atlantis The Palm in Dubai, and various high-profile developments in China [2] - The company's business scope extends from interior design and furnishing services to product design, collaborating with several internationally renowned home brands to launch various product designs [2]

Group 1: Market Entry and Expansion - CHAGEE opened its first store in North America at Westfield Century City in Los Angeles, showcasing modern tea drinks and attracting long queues [1] - The new tea beverage industry in China is experiencing rapid growth, with brands like ChaPanda, MIXUE, HEYTEA, and CHAGEE expanding internationally [3] - Several tea companies, including MIXUE, have successfully listed in Hong Kong, indicating a trend of Chinese retail brands going global [4] Group 2: Factors Driving International Expansion - The global expansion of brands is driven by the need for internationalization, competitive domestic markets, and the growing overseas Chinese population [4][5][6] - Establishing physical stores abroad enhances brand visibility and can attract investment, which may lead to better domestic store locations in the future [5] - The increasing number of overseas Chinese consumers creates demand for Chinese products, which are often perceived as cost-effective [4] Group 3: Key Markets for Chinese Brands - Hong Kong is a significant market for brands due to its proximity to mainland China, making it easier for brands with established retail networks in southern China to enter [7] - Southeast Asia, particularly Singapore, is a competitive market for Chinese brands, driven by a large Chinese population [8] - European cities like London and Paris are viewed as essential for brands aiming for international recognition, although cultural differences pose challenges [9] Group 4: Challenges in International Markets - Chinese brands face challenges in gaining local consumer recognition and adapting to cultural differences, particularly in Europe [17] - Supply chain and logistics issues require careful planning before entering new markets [18] - High operational costs in markets like Singapore and Europe necessitate thorough financial planning [18] Group 5: Localization Strategies - Successful market entry requires understanding local consumer habits and preferences, with brands needing to adjust their offerings accordingly [19][20] - Brands should focus on high-traffic areas for store locations to maximize visibility and customer engagement [19] - The importance of local partnerships for smooth market entry and operations is emphasized, as they can help navigate local regulations and consumer preferences [18]

Financial Performance - The company achieved profitability in the fiscal year ending December 31, 2024, despite a challenging economic environment[9]. - The group recorded total revenue of approximately HKD 367.7 million for the year ending December 31, 2024, representing an increase of about 3.3% compared to HKD 355.8 million for the previous year[26]. - Gross profit increased to approximately HKD 146.8 million, with a gross margin rising from 39.2% to 39.9% due to effective cost control measures[26]. - The group achieved a turnaround from a loss of approximately HKD 20.0 million in the previous year to a net profit of approximately HKD 1.2 million after tax for the current year[26]. - The company reported a year-on-year decline of 10.6% in national real estate development investment growth as of December 2024[20]. - The company has successfully turned losses into profits despite a turbulent market and intensified competition in the interior design industry[23]. Market Strategy and Expansion - New contract signings and contract amounts continued to grow, indicating a broader project scope and potential for future development[9]. - The company plans to expand its brand influence through a strategy of "youthfulness, diversification, and internationalization" in 2025[10]. - The company aims to focus on "youthfulness, diversity, and internationalization" to transform into a cross-disciplinary lifestyle brand[13]. - The company plans to expand its design business beyond real estate and private residences, targeting potential overseas markets in Southeast Asia, the Middle East, and Europe[13]. - The company is actively exploring overseas markets and other business sectors, including hotels and high-end membership clubs, to mitigate risks associated with over-reliance on the Chinese residential market[24]. - The company aims to leverage its established foundation to face new challenges and achieve mutual benefits with industry partners[10]. Cost Management and Efficiency - The company is focusing on enhancing core competitiveness and implementing cost reduction strategies to adapt to market changes[10]. - The company has implemented cost-reduction and efficiency-enhancement measures to navigate increased operational costs and financial pressures[23]. - The group implemented cost control measures that led to a reduction in selling and administrative expenses, contributing to improved profitability[26]. - Sales expenses decreased from approximately HKD 20.8 million to about HKD 19.4 million, a reduction of approximately 6.7% due to efficiency improvements and cost-saving measures[42]. - Administrative expenses decreased from approximately HKD 107.2 million to about HKD 105.8 million, a reduction of approximately 1.3% attributed to ongoing cost control and workforce optimization[43]. Corporate Governance - The company has maintained compliance with the corporate governance code throughout the year and up to the report date[97]. - The board of directors is responsible for leading and managing the group, overseeing business strategies and performance[98]. - The company has adopted a corporate governance manual to ensure adherence to the corporate governance code[96]. - The board consists of nine directors, including four executive directors, two non-executive directors, and three independent non-executive directors as of December 31, 2024[102]. - The company has established various board committees to oversee specific responsibilities[98]. - The company has a clear directive for management to report to the board before making any significant decisions[101]. Risk Management - The company is committed to enhancing its internal risk management functions, with the Risk Management Committee reviewing market, operational, and legal risks[142]. - The board is responsible for evaluating the acceptability of risks associated with achieving strategic objectives[153]. - The company continues to enhance internal controls and risk management procedures in response to market risks[156]. - The board has confirmed the effectiveness of the risk management and internal control systems, stating they are effective and adequate[154]. Environmental, Social, and Governance (ESG) Initiatives - The company’s environmental, social, and governance (ESG) report reflects its commitment to sustainable development and includes data from its expanded operational scope, including Shenzhen[170]. - The company emphasizes the importance of effective environmental, social, and governance (ESG) management for sustainable business development[178]. - The company conducted an ESG survey this year to engage various stakeholders, including senior management, employees, customers, and suppliers[183]. - The company is committed to monitoring identified environmental, social, and governance issues to allocate resources effectively[196]. - Total harmless waste decreased by 4% compared to the previous year[200]. Employee and Stakeholder Engagement - The total employee compensation for the year was approximately HKD 166.3 million, a decrease from HKD 171.2 million in the previous year, due to ongoing cost-saving measures[66]. - 53% of employees are female, and 59% have been with the company for 5 years or more[200]. - 71% of employees participated in internal training, with an average training time of 3.78 hours[200]. - The company encourages shareholders to submit inquiries and concerns in writing to facilitate effective communication[164]. - The company aims to create value for stakeholders by understanding and addressing their core concerns through effective communication[183].

Core Viewpoint - The article highlights a food safety incident involving Yang Guo Fu Spicy Hot Pot in Suzhou, where a rat was found in the food display area, leading to immediate regulatory action and increased scrutiny on food safety practices [1][2][3]. Group 1: Incident Details - On March 21, the Suzhou Industrial Park Market Supervision Administration reported a rat sighting in a Yang Guo Fu Spicy Hot Pot store, prompting an immediate inspection and a business suspension [1]. - The store claimed the rat came from an adjacent establishment and stated that all affected food items were removed, with daily sanitation measures being implemented [4]. - Previous incidents were noted, including a complaint in May 2024 from a consumer in Zhongshan, Guangdong, regarding a live rat found in the food area, which led to regulatory intervention and mandated rectification [5]. Group 2: Regulatory Response - The local market supervision authority plans to enhance food safety oversight to ensure public health protection [2]. - Yang Guo Fu Spicy Hot Pot was listed as the top entity on the black list in the 2024 annual offline dining institution rankings by Hei Mao Complaints, indicating ongoing issues with food safety [6].