Group 1 - The company, Elephant Future Group (02309.HK), announced that it will hold a board meeting on September 29, 2025 [1] - The purpose of the meeting is to consider and approve the company's and its subsidiaries' annual performance for the year ending June 30, 2025 [1]

Core Viewpoint - The company anticipates an increase in losses for the fiscal year ending June 30, 2025, projecting a loss of approximately HKD 320 million, compared to a loss of about HKD 182.8 million for the fiscal year ending June 30, 2024 [1] Summary by Relevant Categories Financial Performance - The projected loss for the fiscal year ending June 30, 2025, is approximately HKD 320 million, which is an increase from the expected loss of HKD 182.8 million for the fiscal year ending June 30, 2024 [1] Factors Contributing to Loss - The increase in losses is primarily attributed to several factors: - Birmingham City Football Club's relegation to the English Football League Championship, resulting in decreased broadcasting revenue [1] - Increased financing costs due to higher loan amounts [1] - Rising operational expenses for the club, mainly due to increased matchday costs and higher depreciation from completed upgrades to property, plant, and equipment [1] - Increased amortization of intangible assets due to the acquisition of new players [1] - Higher losses from joint ventures due to increased operational expenses [1] - Increased sales and marketing expenses, R&D costs, and administrative expenses in the automotive business, partially offset by gains from fair value changes in financial assets and increased matchday and commercial revenues from the club [1]

Core Viewpoint - The company anticipates an increase in losses, projecting a loss of approximately HKD 320 million for the fiscal year ending June 30, 2025, compared to a loss of about HKD 182.8 million for the fiscal year ending June 30, 2024 [1] Financial Performance - The projected increase in losses is attributed to several factors, including the relegation of Birmingham City Football Club to the English Football League Championship, which has resulted in decreased broadcasting revenue [1] - Increased financing costs due to higher loan amounts are also contributing to the anticipated losses [1] - Operating expenses for the football club have risen, primarily due to increased matchday expenses and higher depreciation costs following upgrades to infrastructure and equipment [1] Asset and Expense Changes - The amortization of intangible assets has increased due to the acquisition of new players [1] - The company's share of losses from joint ventures has risen due to increased operating expenses in those ventures [1] - The automotive business has seen an increase in sales and marketing expenses, research and development costs, and administrative expenses, although some of these costs have been offset by gains from changes in the fair value of financial assets and increased matchday and commercial revenues from the football club [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之內容概不負 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之任何損失承擔任何責任。 承董事會命 大象未來集團 主席 趙文清 香港，2025 年 9 月 12 日 於本公告日期，董事會由七名董事組成，包括執行董事趙文清先生（主席）、 黃東風先生（行政總裁）、姚震港先生及郭洪林博士；及獨立非執行董事潘治平 先生、梁碧霞女士及楊志達先生。 董事會會議日期 大象未來集團（「本公司」）董事會（「董事會」）宣佈，本公司將於 2025 年 9 月 29 日（星期一）舉行董事會會議，藉以（其中包括）考慮及批准本公 司及其附屬公司截至 2025 年 6 月 30 日止年度之全年業績。 ...

本公司董事會（「董事會」）謹此通知本公司股東（「股東」）及有意投資者，董事會根據 對現時所得資料（包括未經審核之本集團綜合管理賬目）的初步評估，與截至 2024 年 6 月 30 日止年度所錄得本公司擁有人應佔虧損約 182,800,000 港元相比，本集團預期於 截至 2025 年 6 月 30 日止年度將錄得本公司擁有人應佔虧損約 320,000,000 港元。虧損 增加主要由於回顧年內(i)Birmingham City Football Club（「球會」）於本賽季降級至英格 蘭足球甲級聯賽，導致廣播收入減少；(ii)貸款增加推動融資成本上升；(iii)球會經營開 支增加，主要由於球賽日開支增加，以及維修及保養基礎設施及設備升級完成後，物業、 廠房及設備折舊增加；(iv)由於購買新球員導致無形資產攤銷增加；(v)由於聯營公司的 經營開支增加，導致分佔聯營公司虧損增加；及(vi)汽車業務的銷售及營銷開支、研發 成本以及行政開支增加，惟部分被於年內錄得(a)金融資產公平值變動之收益；以及(b) 球會之球賽日收入及商業收入增加所抵銷。 1 本公告所載資料僅基於董事會根據目前所得資料（包括未經本公司獨立核數師 ...

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: | 大象未來集團 | | | | | | 呈交日期: | 2025年9月1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) | 02309 | 說明 | 不適用 | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | --- | --- | --- | --- | --- | --- | --- | | 上月底結存 | 2,000,000,000 | HKD | | 0.25 HKD | | 500,000,000 | | 增加 / 減少 (-) | | 0 | | HKD | | 0 | | 本月底結存 | 2,000 ...

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 法定/註冊股份數目 面值 法定/註冊股本 上月底結存 2,000,000,000 HKD 0.25 HKD 500,000,000 增加 / 減少 (-) 0 HKD 0 本月底結存 2,000,000,000 HKD 0.25 HKD 500,000,000 本月底法定/註冊股本總額： HKD 500,000,000 | 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: | 大象未來集團 | | | | | | 呈交日期: | 2025年8月1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) | 02309 | 說明 | 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 ...

2025年7月25日，潍坊金融监管分局发布批复称，《关于撤销中国大地财产保险股份有限公司潍坊市奎 文营销服务部的请示》（大地财保鲁发〔2025〕229号）收悉。经审核，现批复如下： 二、接此批复文件后，中国大地财产保险股份有限公司潍坊市奎文营销服务部应立即停止一切经营活 动，于15个工作日内向国家金融监督管理总局潍坊监管分局缴回许可证，并按照有关法律法规要求办理 相关手续。 一、同意撤销中国大地财产保险股份有限公司潍坊市奎文营销服务部。 ...

Core Insights - The data indicates significant trading volume increases for various companies, suggesting heightened investor interest and potential market movements [1][2][3][4][5] Group 1: Companies with Notable Volume Increases - 阳光能源 (00757) reported a volume ratio of 2.35, indicating strong trading activity [2] - 长城汽车 (02333) had a volume ratio of 2.21, reflecting increased investor engagement [2] - 郑煤机 (00564) showed a volume ratio of 1.92, suggesting a notable rise in trading [2] Group 2: Additional Companies with Increased Trading Activity - 万国数据-SW (09698) recorded a volume ratio of 1.83, indicating significant market interest [2] - 映恩生物-B (09606) had a volume ratio of 1.78, reflecting heightened trading activity [2] - 超盈国际控股 (02111) reported a volume ratio of 1.71, suggesting increased investor focus [2] Group 3: Companies with Moderate Volume Ratios - 中国能源建设 (03996) had a volume ratio of 1.70, indicating a solid level of trading activity [2] - 亚信科技 (01675) reported a volume ratio of 1.60, reflecting moderate investor interest [2] - 金宝通 (00320) showed a volume ratio of 1.53, suggesting a rise in trading volume [2] Group 4: Companies with Lower Volume Ratios - 中国水务 (00855) had a volume ratio of 1.52, indicating stable trading activity [2] - 广汽集团 (02238) reported a volume ratio of 1.52, reflecting consistent investor engagement [2] - 凯莱英 (06821) showed a volume ratio of 1.52, suggesting steady trading interest [2]

Financial Performance - For the six months ended December 31, 2024, the Group's revenue was approximately HK$172.6 million, representing an increase of approximately 19.6% compared to HK$144.3 million for the same period last year [14]. - The Group recorded a loss attributable to owners of the Company of approximately HK$117.1 million, an increase of approximately 217.4% compared to a loss of approximately HK$36.9 million for the corresponding period last year [15]. - The basic loss per share for the six months ended December 31, 2024, was approximately HK14.36 cents, compared to approximately HK4.78 cents for the same period last year [16]. - The significant increase in loss was mainly due to a decrease in broadcasting income following the relegation of BCFC to the EFL League One, a decline in profit on sales of players' registration, and increased finance costs due to higher borrowings [15]. - Operating expenses rose due to higher match day and commercial expenses, as well as increased depreciation on property, plant, and equipment following infrastructure upgrades [15]. - Loss before taxation for the period was HK$207,338,000, significantly higher than the loss of HK$56,337,000 reported in the previous year [92]. - Total comprehensive expense for the period amounted to HK$198,101,000, compared to HK$58,837,000 in the same period last year [92]. Revenue Segments - The Group is engaged in three reportable business segments: operation of a professional football club in the UK, new energy automobiles, and investment in properties [17]. - BCFC recorded broadcasting income of approximately HK$26.4 million, a decrease of approximately 48.2% due to relegation to EFL League One, but total revenue increased to approximately HK$145.8 million, up by approximately 18.4% [23]. - Revenue from the football club segment increased to approximately HK$145.8 million, up 18.4% from HK$123.1 million in the prior year [45]. - Revenue from the new energy automobiles and related business segment surged by approximately 128.0%, reaching HK$12.7 million compared to HK$5.6 million in the same period last year [40]. - Total external sales for the six months ended December 31, 2024, amounted to HK$172,647,000, with football club sales contributing HK$145,811,000 [136]. Operating Expenses and Costs - Operating expenses for the six months ended December 31, 2024, were approximately HK$352.8 million, reflecting a 36.0% increase from HK$259.4 million in the previous year [42]. - Total staff costs for the Group amounted to approximately HK$198.4 million for the six months ended December 31, 2024, compared to approximately HK$173.8 million for the same period in 2023 [81]. - Interest expenses for the six months ended December 31, 2024, totaled HK$55,145,000, a significant increase from HK$22,207,000 in the same period of 2023, primarily due to higher borrowing costs [172]. - The amortization of intangible assets increased to HK$33,321,000 for the six months ended December 31, 2024, up from HK$20,137,000 in 2023, reflecting a rise of approximately 65% [181]. - The Group incurred depreciation of property, plant, and equipment amounting to HK$31,781,000 for the period, compared to HK$4,512,000 in the same period of 2023, representing a significant increase of approximately 604% [181]. Investment and Capital Expenditure - The Group's capital expenditure for the six months ended December 31, 2024, was approximately HK$184.1 million, compared to approximately HK$204.8 million for the same period in 2023 [68]. - A joint venture, ZO Motors North America LLC, was established with a capital contribution of approximately HK$15.6 million for new energy automobiles and related business [62]. - The Group acquired property, plant, and equipment amounting to approximately HK$184,127,000 during the period, compared to approximately HK$99,443,000 in the same period of 2023, indicating an increase of about 85% [194]. - Capital commitments for product development fees contracted but not provided for were approximately HK$17.8 million as of December 31, 2024 [61]. Financial Position and Ratios - The current ratio as of December 31, 2024, was approximately 113.2%, down from approximately 129.5% as of June 30, 2024 [70]. - The gearing ratio increased to approximately 70.6% as of December 31, 2024, compared to approximately 53.8% as of June 30, 2024 [70]. - Total borrowings as of December 31, 2024, were approximately HK$877.5 million, up from approximately HK$532.8 million as of June 30, 2024 [71]. - The total carrying amount of borrowings under loan facilities was approximately HK$1,524,000,000 as of December 31, 2024 [115]. - The Group has approximately HK$646,694,000 undrawn borrowing facilities available as of December 31, 2024 [115]. Cash Flow and Liquidity - Net cash flows used in operating activities for the six months ended December 31, 2024, were HK$140,493,000, an increase from HK$113,741,000 in the prior year, representing a 23.5% rise in cash outflow [105]. - Net cash flows used in investing activities surged to HK$228,118,000 in the first half of 2024, compared to HK$29,970,000 in the same period of 2023, marking a substantial increase of over 660% [105]. - Financing activities generated net cash flows of HK$390,291,000 for the six months ended December 31, 2024, up from HK$207,956,000 in the previous year, reflecting an increase of approximately 88% [105]. - Cash and cash equivalents at the end of the period increased to HK$166,751,000 from HK$79,950,000 year-over-year, representing a growth of approximately 108.5% [105]. Strategic Initiatives - The management aims to accelerate the delivery of zero-emission vehicles and boost revenue in the second half of the financial year 2024/25 [26]. - The Group is establishing its presence under the business names "ZO MOTORS" and "ZM TRUCKS" in strategic markets, including Asia Pacific, the Middle East, and North America [29]. - The Group has not executed any agreements for material investments or capital assets as of December 31, 2024 [87]. - The company plans to explore profitable investment opportunities to diversify its business and enhance revenue sources [89].