手回集团(02621.HK)发布公告,集团预计将取得截至2025年6月30日止6个月的净利润人民币6.6亿元至人 民币6.8亿元，相比较截至2024年6月30日止6个月的净亏损增加人民币7.35亿元至人民币7.55亿元。董事 会认为，净利润预期变动的主要原因是2025年上半年度取得向投资者发行的金融工具账面值变动收益相 比较2024年上半年度的变动亏损增加人民币7.95亿元至人民币8.15亿元。 本文源自：金融界AI电报 ...

Group 1 - The company expects to achieve a net profit of RMB 660 million to RMB 680 million for the six months ending June 30, 2025, compared to a net loss of RMB 735 million to RMB 755 million for the same period in 2024 [1] - The primary reason for the expected change in net profit is the increase in gains from the change in the fair value of financial instruments issued to investors, which is expected to increase by RMB 795 million to RMB 815 million compared to the loss in the same period last year [1] Group 2 - The adjusted net profit attributable to shareholders (non-HKFRS measure) is expected to be between RMB 56 million and RMB 76 million for the six months ending June 30, 2025, a decrease of RMB 50 million to RMB 70 million compared to the same period in 2024 [2] - The expected decline in adjusted net profit is primarily due to increased uncertainty in the macroeconomic environment, a slowdown in financial consumer demand, and the implementation of a unified reporting policy in the insurance industry that has reduced insurance brokerage fees [2] - The company's revenue for the six months ending June 30, 2025, is projected to be approximately RMB 545 million to RMB 565 million, a decrease of about RMB 140 million to RMB 160 million compared to the same period in 2024 [2] - Costs and expenses are expected to decrease by approximately RMB 75 million to RMB 95 million, which is lower than the decline in revenue [2]

Group 1 - The company expects to achieve a net profit of RMB 660 million to RMB 680 million for the six months ending June 30, 2025, compared to a net loss of RMB 735 million to RMB 755 million for the same period in 2024 [1] - The primary reason for the change in net profit expectation is the increase in gains from the change in the fair value of financial instruments issued to investors, which is expected to increase by RMB 795 million to RMB 815 million compared to the loss in the same period last year [1] Group 2 - The adjusted net profit attributable to shareholders (non-HKFRS measure) is expected to be between RMB 56 million and RMB 76 million for the six months ending June 30, 2025, a decrease of RMB 50 million to RMB 70 million compared to the same period in 2024 [2] - The expected decline in adjusted net profit is primarily due to increased uncertainty in the macroeconomic environment, a slowdown in financial consumer demand, and the implementation of a unified reporting policy in the insurance industry that reduces brokerage fees [2] - The company's revenue for the six months ending June 30, 2025, is projected to be approximately RMB 545 million to RMB 565 million, a decrease of about RMB 140 million to RMB 160 million compared to the same period in 2024 [2] - Costs and expenses are expected to decrease by approximately RMB 75 million to RMB 95 million, which is lower than the decline in revenue [2]

Core Viewpoint - The company expects to report a net profit of between RMB 660 million and RMB 680 million for the six months ending June 30, 2025, a significant improvement compared to a net loss of between RMB 735 million and RMB 755 million for the same period in 2024 [1] Group 1 - The primary reason for the expected change in net profit is an increase in the fair value change of financial instruments issued to investors, which is anticipated to contribute a gain of between RMB 795 million and RMB 815 million compared to a loss in the previous year [1] - The adjusted net profit attributable to shareholders (non-HKFRS measure) is expected to be between RMB 56 million and RMB 76 million, a decrease of between RMB 50 million and RMB 70 million compared to the same period in 2024 [2] - The anticipated decline in adjusted net profit is attributed to increased uncertainty in the macroeconomic environment, a slowdown in financial consumer demand, and the implementation of a unified reporting policy in the insurance industry that has reduced brokerage fees [2] Group 2 - The company's revenue for the six months ending June 30, 2025, is projected to be between RMB 545 million and RMB 565 million, representing a decrease of between RMB 140 million and RMB 160 million compared to the same period in 2024 [2] - Costs and expenses are expected to decrease by between RMB 75 million and RMB 95 million, which is lower than the revenue decline [2] - Despite the anticipated challenges, the board believes that the overall operational, financial condition, and cash flow of the company remain robust [2]

手回集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2621） 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。 Shouhui Group Limited 附註1： 經調整的股東應佔淨利潤是扣除以股份為基礎的薪酬開支、上市開支及向投資者發行的 金融工具賬面值變動的利潤╱（損失）。 本公告所載資料基於董事會可獲得的最新財務資料以及本集團截至2025年6月30日 止六個月的未經審核綜合管理賬目，該賬目未經本公司審計師審閱或審核。 盈利警告 本公告乃由手回集團有限公司（「本公司」，連同其附屬公司及通過合約安排控制的 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部項下之內幕消息條文 （定義見上市規則）而作出。 本公司董事（「董事」）會（「董事會」）謹此通知本公司股東（「股東」）及潛在投資者，本 集團預計將錄得截至2025年6月30日止六個月的淨利潤 ...

Core Viewpoint - The stock price of Shouhui Group (02621.HK) has reached a low of 4.65 HKD, reflecting a decline of 0.64% as of the latest trading session, indicating potential concerns regarding its market performance [1] Group 1: Company Performance - Shouhui Group's stock hit a low of 4.65 HKD on July 7, 2023, and has returned to this level again [1] - The closing price today is reported at 4.67 HKD, showing a slight decrease [1] Group 2: Investment Insights - Gao Fei Asset, a subsidiary of Noah Wealth, is the largest external institutional shareholder of Shouhui Group, having invested 150 million RMB in the company's Series C financing in 2020 [1] - Gao Fei Asset's investment decision was based on a deep understanding of the internet personal insurance sector and the company's core capabilities [1] Group 3: IPO Details - Shouhui Group was listed on the Hong Kong Stock Exchange on May 30, 2025, with an initial offering price of 8.08 HKD [1] - The total amount raised from the IPO was 196.82 million HKD, with net proceeds of 134.22 million HKD after deducting estimated listing expenses of 62.59 million HKD [1]

第 1 頁 共 10 頁 v 1.1.1 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: | 手回集團有限公司 | | | 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) | 02621 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.00001 | USD | | 50,000 | | 增加 / 減少 (-) | | | | | | | USD | | ...

Core Viewpoint - The company, Shouhui Group, has entered into agreements with Pudong Development Bank and Pudong Bank Wealth Management for fixed income investment products, indicating a strategic move to enhance its investment portfolio [1] Group 1: Investment Agreements - On June 5, 2025, Shouhui Group, through its controlled entity in Shenzhen, signed an agreement with Pudong Development Bank and Pudong Bank Wealth Management to invest in a fixed income product with a principal amount of RMB 5,000,000 [1] - On July 30, 2025, Shouhui Group further committed to the same fixed income product by entering into a new agreement with a principal amount of RMB 45,000,000 [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。 Shouhui Group Limited 手回集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2621） 須予披露交易 認購理財產品 認購理財產品 | 認購日期 | ： | 2025年7月30日 | | --- | --- | --- | | 訂約方 | : (i) | 深圳手回，作為認購人 | | | (ii) | 浦發銀行，作為產品托管人及銷售機構 | | | (iii) | 浦銀理財，作為發行人及產品管理人 | | 理財產品名稱 | ： | 浦銀理財日添金1號（公司專屬）理財產品 | | 產品類型 | ： | 固定收益、公募開放式淨值型 | | 產品投資範圍 | ： | 本產品主要投資於： | | | (i) | 指定固定收益資產，包括現金、銀行存款、同業存 款、拆借、回購、貨幣基金等貨幣市場工具；國 | | | | 債、地方政府債、央行票據、同業存單等符合監管 | | | | 要求 ...

Core Viewpoint - The Hong Kong stock market is becoming increasingly active, with a notable rise in IPOs compared to previous years. However, the recent IPO of the internet technology company, Shouhui Group, has faced significant challenges, including a drop in stock price shortly after listing, indicating potential issues with its business model and market reception [2][5]. Company Overview - Shouhui Group is a personal insurance intermediary service provider that utilizes an online platform to offer insurance solutions to policyholders and insurers. The company primarily generates revenue through three main business segments: Niubao 100, Xiaoyusan, and Kachabao, with over 60% of its revenue coming from Niubao 100 [5][9][10]. Market Position - In 2023, the total premium of China's personal insurance market reached RMB 3.8 trillion, with the personal insurance intermediary market totaling RMB 237 billion, accounting for 6.3% of the overall market. Shouhui Group ranked eighth in the domestic personal insurance intermediary market with a market share of 2.9% [6][7]. Financial Performance - Shouhui Group's revenue fluctuated significantly from 2021 to 2024, with reported revenues of RMB 1.548 billion, RMB 806 million, RMB 1.634 billion, and RMB 1.387 billion, respectively. The company experienced net losses in 2021 and 2023, while achieving profitability in 2022 [8][19]. Revenue Breakdown - The revenue contributions from the three business segments are as follows: Niubao 100 contributed 67.6% in 2023, Xiaoyusan contributed 19.5%, and Kachabao contributed 12.9%. Niubao 100 is primarily driven by external traffic from media and licensed brokers [15][14]. Cost Structure - The main costs for Shouhui Group include commissions paid to insurance agents and brokers, channel promotion expenses, and employee salaries. Commissions accounted for 55.8% of total costs in 2024 [20][21]. Marketing Strategy - The company has maintained a high marketing expenditure, with over 40% of sales and marketing costs allocated to advertising and promotions in the past three years. In 2024, the total channel expenses reached RMB 801 million, significantly overshadowing the RMB 51 million spent on research and development [23][21]. Market Challenges - The competitive landscape for Shouhui Group is intense, with competition from other intermediaries, banks, and insurance agencies. The reliance on online traffic for customer acquisition poses challenges, especially in a market that increasingly demands profitability over growth [7][25].