Core Viewpoint - The company, Lai Meng International (03688), anticipates a significant increase in net losses for the six months ending June 30, 2025, projecting losses between approximately HKD 700 million to HKD 800 million, compared to a net loss of about HKD 560 million for the six months ending June 30, 2024 [1] Financial Performance - The expected increase in net losses is primarily attributed to fair value losses on investment properties and certain inventory impairment losses [1]

Core Viewpoint - 莱蒙国际 (03688) expects a significant increase in net loss for the six months ending June 30, 2025, projecting a loss between approximately 700 million to 800 million HKD, compared to a net loss of about 560.6 million HKD for the six months ending June 30, 2024 [1] Financial Performance - The anticipated increase in net loss is primarily attributed to fair value losses on investment properties and certain inventory impairment losses [1]

Group 1 - The core viewpoint of the article indicates that Lemon International (03688.HK) expects a significant increase in net loss for the six months ending June 30, 2025, projecting a loss between approximately 700 million to 800 million HKD compared to a net loss of about 560.6 million HKD in the same period last year [1] - The board attributes the anticipated increase in net loss primarily to fair value losses on investment properties and certain inventory impairment losses [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 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。 TOP SPRING INTERNATIONAL HOLDINGS LIMITED 萊蒙國際集團有限公司 （於開曼群島註冊成立的有限公司） 公司秘書 由 於 本 公 司 仍 在 最 終 落 實 其 於 本 期 間 之 中 期 業 績，故 本 公 告 所 載 的 資 料 僅 為 董 事 會 根 據 現 時 可 得 的 資 料 及 對 本 集 團 未 經 審 核 綜 合 管 理 賬 目（有 關 業 績 並 無 經 本 公 司 核 數 師 審 閱 或 審 核，亦 未 經 本 公 司 審 核 委 員 會 確 認）作 出 之 初 步 評 估。 本集團於本期間之整體財務業績將僅於全部相關業績及相應處理方式落實後 確 定，可 能 會 與 本 公 告 所 披 露 者 有 所 不 同。本 集 團 之 詳 ...

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。 TOP SPRING INTERNATIONAL HOLDINGS LIMITED 萊蒙國際集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：03688） 董事會會議召開日期 萊 蒙 國 際 集 團 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）謹 此 宣 佈，本 公 司 將 於 二 零 二 五 年 八 月 二 十 九 日（星 期 五）舉 行 董 事 會 會 議，藉 以（當 中 包 括）考 慮 及批准本公司及其附屬公司截至二零二五年六月三十日止六個月的未經審核 綜 合 中 期 業 績 公 告 及 其 發 佈，並 考 慮 派 付 中 期 股 息（如 有）。 於 本 公 告 日 期，執 行 董 事 為 黃 俊 康 先 生、林 美 家 女 士 及 黃 思 源 先 ...

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 致：香港交易及結算所有限公司 公司名稱: 萊蒙國際集團有限公司 (於開曼群島註冊成立的有限公司) 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) | 03688 | 說明 | 萊蒙國際集團有限公司 | | | | | | | | | 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 HKD | | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 HKD | | | 0.1 HKD | | 500,000, ...

Sales Performance - In 2024, the Group recorded pre-sales of properties and car park units totaling approximately HK$784.5 million, an increase of 30.6% from HK$600.4 million in 2023[21]. - The total pre-sold gross floor area (GFA) was approximately 14,269 sq.m., an increase of approximately 89.2% from 2023[68]. - The average selling price (ASP) of pre-sold properties in 2024 was approximately HK$54,649.9 per sq.m., a decrease of approximately 30.3% compared to HK$78,355.4 per sq.m. in 2023[68]. - For the year ended December 31, 2024, the Group achieved property sales revenue (excluding car park sales) of approximately HK$804.3 million, with a saleable GFA of approximately 8,644 sq.m., representing increases of approximately 99.9% and 41.1% respectively compared to the previous year[74]. - Property sales revenue amounted to approximately HK$806.8 million, representing about 58.9% of total revenue, with a significant increase of approximately 99.0% compared to the previous year[98][101]. Rental Income and Occupancy - Rental income from investment properties was approximately HK$223.1 million in 2024, up by 2.7% from HK$217.2 million in 2023[21]. - The overall occupancy rate of the Group's investment properties was approximately 88.0% as of December 31, 2024[21]. - The average monthly rental income for the Group's investment properties was approximately HK$84.2 per sq.m. for the year ended December 31, 2024, compared to approximately HK$69.3 per sq.m. in the previous year[82]. - The occupancy rate of the Group's investment properties increased from approximately 82.5% as of December 31, 2023, to approximately 88.0% as of December 31, 2024[82]. - The average occupancy rate of Top Spring Commercial's projects was 90% as of the end of 2024, with 164 merchants signed throughout the year, representing a year-on-year increase of approximately 21.7% in rented area[39]. Property Development and Land Bank - The Group's land reserve across 17 property projects amounted to approximately 402,853 square meters as of December 31, 2024[21]. - The land reserve strategy focuses on the Greater Bay Area and first-tier cities such as Shenzhen, Shanghai, and Hong Kong[21]. - The total area of managed properties reached approximately 13.22 million square meters, with about 8.99 million square meters being properties not developed by the Group[21]. - The Group's strategic focus includes synergistic development of diversified businesses alongside its core real estate business[50]. - The Group plans to continue acquiring land with investment potential, particularly in economically vibrant areas with growth potential, such as the Greater Bay Area and Shanghai[91]. Financial Performance - The Group's consolidated revenue for the year ended December 31, 2024, reached approximately HK$1,369.3 million, an increase of approximately 43.5% compared to HK$954.3 million in 2023[95][100]. - The Group recorded a gross loss of approximately HK$116.8 million for the year, with a gross loss margin of approximately 8.5%, improved from a gross loss margin of approximately 26.6% in 2023[104][108]. - Direct costs increased to approximately HK$1,486.1 million, up from approximately HK$1,208.1 million in 2023, primarily due to increased property sales[103]. - The Group recorded an investment property valuation loss of approximately HK$1,195.9 million, a significant decline from a valuation gain of approximately HK$14.4 million in 2023[113]. - The Group's financing costs decreased by approximately 5.3% to approximately HK$303.2 million, attributed to the repayment of certain bank loans[114]. Market Conditions and Strategy - Over 700 policies have been introduced across various regions in 2024 to stabilize the real estate market, aiming for a "stop the decline and stabilize" policy goal[29]. - The Group is confident in Hong Kong's pivotal role in the Greater Bay Area and aims to leverage investment opportunities in high-end boutique properties[48]. - The Group aims to balance cash flow and profit in its commercial business while optimizing the portfolio to maximize asset returns[41]. - The Group is actively promoting the establishment of unmanned aerial vehicle landing sites in Yangpu District, enhancing the brand influence and competitiveness of the urban industrial community[32]. - The Group aims to capture business breakthroughs and growth points by integrating resources and investing prudently in line with market dynamics and industry trends[50]. Employee and Administrative Costs - As of December 31, 2024, the Group employed approximately 754 employees, a decrease from 851 employees as of December 31, 2023, representing a reduction of about 11.4%[159]. - Total staff and related costs for the year ended December 31, 2024, were approximately HK$196.9 million, down from approximately HK$218.6 million for the year ended December 31, 2023, indicating a decrease of about 9.9%[159]. - Administrative expenses increased by approximately 11.9% to approximately HK$197.8 million for the year ended 31 December 2024 from approximately HK$176.8 million for the year ended 31 December 2023[117]. Investment Properties - As of December 31, 2024, the total fair value of the Group's investment properties was approximately HK$6,378.4 million, accounting for about 38.4% of the Group's total assets[80]. - The Group recorded a loss in fair value of investment properties of approximately HK$915.9 million for the year ended December 31, 2024, compared to a gain of approximately HK$13.2 million in the previous year[80]. - The Group's investment property portfolio had a total leasable GFA of approximately 301,768 sq.m.[80]. - The proportion of leased area occupied by major tenants increased from approximately 29.6% to approximately 37.9% year-on-year[81]. - The Group's properties held for investment include 302,892 sq.m. of retail/office space and 574 sq.m. of campus space[65].

Financial Performance - Revenue for the year ending December 31, 2024, increased by approximately 43.5% to about HKD 1,369.3 million from approximately HKD 954.3 million in 2023[2] - The group reported a total comprehensive loss of approximately HKD 2,098.3 million for the year ending December 31, 2024, compared to HKD 1,143.6 million in 2023[7] - The group reported a net loss of approximately HKD 1,896,600,000 for the year ending December 31, 2024, compared to a net loss of approximately HKD 900,300,000 in 2023[13] - The attributable loss to equity shareholders and perpetual convertible securities holders was approximately HKD 1,832.6 million, compared to HKD 876.9 million in 2023[3] - Basic and diluted loss per share for the year ending December 31, 2024, was approximately HKD 1.20, compared to HKD 0.57 in 2023[3] Property Sales and Revenue - For the year ending December 31, 2024, the group recorded property and parking space pre-sales totaling approximately HKD 784.5 million, with an average selling price of approximately HKD 54,649.9 per square meter, representing an increase of about 30.7% and 89.2% compared to 2023[2] - Revenue from property sales reached HKD 806,752,000 in 2024, a significant increase of 99% compared to HKD 405,477,000 in 2023[23] - Property sales revenue for the year ended December 31, 2024, was approximately HKD 806,800,000, accounting for about 58.9% of total revenue, with a 99.0% increase compared to the previous year[75] - The group confirmed property sales revenue (excluding parking space sales) of approximately HKD 804.3 million, with a confirmed average selling price of HKD 93,047.2 per square meter, an increase of about 41.7%[55] Investment Properties - The total fair value of the investment property portfolio was approximately HKD 6,378.4 million, accounting for about 38.4% of the group's total assets[2] - The rental income generated from investment properties for the year ended December 31, 2024, was approximately HKD 223.1 million, representing an increase of about 2.7% compared to HKD 217.2 million for the year ended December 31, 2023[60] - The occupancy rate of the investment properties increased from approximately 82.5% as of December 31, 2023, to approximately 88.0% as of December 31, 2024[60] - The company recorded a fair value loss of approximately HKD 915.9 million for investment properties (net of deferred tax) for the year ended December 31, 2024[58] Financial Position and Liabilities - The net asset liability ratio for the group was approximately 80.0% as of December 31, 2024, compared to 63.6% in 2023[3] - The group's total equity decreased to HKD 6,024,844,000 in 2024 from HKD 8,123,162,000 in 2023[10] - The total liabilities for 2024 were HKD 10,591,825,000, down from HKD 11,917,705,000 in 2023, indicating a reduction of 11.1%[30] - The group's cash and cash equivalents were approximately HKD 376,900,000, which includes approximately HKD 115,100,000 outside mainland China[14] Operational Challenges - The group is facing significant uncertainty regarding its ability to continue as a going concern due to ongoing challenges in the property market and tightening financing conditions[14] - The group plans to implement measures to alleviate cash flow pressure and improve its financial situation, including discussions with banks and shareholders regarding continued financing[15] - The group is actively seeking potential buyers for properties and investments outside mainland China[21] Cost Management - The group continues to implement measures to control administrative costs and reduce capital expenditures[21] - Employee costs totaled HKD 196,877,000 in 2024, a decrease from HKD 218,567,000 in 2023, reflecting a reduction of 9.9%[35] - Selling and marketing expenses increased by approximately 236.6% to about HKD 257,600,000 for the year ended December 31, 2024, compared to approximately HKD 76,500,000 in the previous year[80] Corporate Governance and Future Plans - The board did not recommend the payment of a final dividend for the year ending December 31, 2024[3] - The company has adhered to all corporate governance codes as of December 31, 2024, with a noted exception regarding the roles of the chairman and CEO[111] - The company plans to continue identifying land with investment potential in both domestic and international markets, particularly in economically vibrant areas[66]

Financial Performance - For the six months ended June 30, 2024, total revenue was HKD 453,529,000, a decrease of 9.1% from HKD 498,669,000 in 2023[101]. - The Group recorded a loss attributable to equity shareholders of approximately HK$539.2 million, compared to a profit of approximately HK$23.4 million in the corresponding period of 2023[36]. - The Group recorded a gross loss of approximately HK$102.2 million for the six months ended 30 June 2024, a significant decline from a gross profit of approximately HK$160.6 million for the same period in 2023, resulting in a gross loss margin of approximately 22.5% compared to a gross profit margin of approximately 32.2% in the prior year[38]. - The Group recorded a net loss of HKD 560.6 million, compared to a profit of HKD 4.3 million for the same period in 2023[90]. - Revenue from property sales decreased to HK$189.4 million, down from HK$237.9 million for the six months ended June 30, 2023[90]. - The reportable segment loss for the property development segment was HK$312.4 million, compared to a loss of HK$23.1 million for the same period in 2023[90]. - Total comprehensive loss for the period was HKD 716,626,000, compared to a loss of HKD 313,432,000 in the same period last year[78]. Rental Income and Property Management - The rental income from investment properties was approximately HK$114.4 million, representing an increase of about 8.0% compared to HK$105.9 million in the corresponding period of 2023[7]. - The average monthly rental income for the Group's investment properties under operation was approximately HK$68.8 per sq.m. for the six months ended June 30, 2024, down from approximately HK$70.1 per sq.m. for the same period in 2023[25]. - The Group aims to maintain and moderately expand its rental properties, focusing on commercial and office properties to ensure stable cash flow and increase rental income[17]. - The Group's investment property portfolio had a total leasable GFA of approximately 307,246 sq.m.[25]. - The average occupancy rate of Landmark's commercial projects was 90%, with some projects reaching 100% occupancy[16]. Property Development and Sales - In the first half of 2024, the Group recorded pre-sales of properties and car park units totaling approximately HK$416.1 million, a slight decrease from HK$421.7 million in the same period of 2023[5]. - The total pre-sold gross floor area (GFA) was approximately 3,800 sq.m., representing a decrease of approximately 23.4% from about 4,962 sq.m. for the six months ended June 30, 2023[21]. - The average selling price (ASP) of properties for the six months ended June 30, 2024, was approximately HK$108,763.2 per sq.m., compared to approximately HK$84,522.4 per sq.m. for the same period in 2023[21]. - The Group sold 38 car park units, generating pre-sales of approximately HK$2.8 million for the six months ended June 30, 2024[21]. - The Group plans to accelerate the pre-sales and sales of its properties under development and completed properties, as well as speed up the collection of outstanding sales proceeds[92]. Investment Properties and Valuation - The Group recorded a loss of approximately HK$79.8 million in the fair value of its investment properties for the six months ended June 30, 2024, compared to a gain of approximately HK$35.2 million for the same period in 2023[25]. - As of June 30, 2024, the total fair value of the Group's investment properties was approximately HK$7,882.0 million, representing about 40.7% of the Group's total asset value[25]. - The fair value of the investment properties as of June 30, 2024, was HK$1,232.8 million for The Spring Land in Shenzhen and HK$1,373.0 million for Chengdu Fashion Mark[26]. - The Group's investment properties include a total leasable area of 340,766 sq.m. for completed projects, 90,588 sq.m. for projects under development, and 6,497 sq.m. for projects contracted to be acquired, totaling approximately 437,851 sq.m.[30][31]. Financial Position and Liabilities - The Group had aggregate borrowings of approximately HK$7,438.8 million as at 30 June 2024, with approximately HK$3,220.0 million repayable within one year[40]. - The Group's net gearing ratio increased to approximately 69.2% as of June 30, 2024, compared to 62.8% as of December 31, 2023, primarily due to exchange rate depreciation and losses incurred during the period[42]. - The Group's total liabilities increased to HKD 9,979,567,000 from HKD 10,002,455,000 in the previous year[99]. - The Group's total equity attributable to equity shareholders decreased to HKD 7,402,902 from HKD 8,092,201, a decline of approximately 8.52%[80]. - The Group's current bank loans and other borrowings amounted to HKD 3,215.4 million, including HKD 1,093.8 million from outside Chinese Mainland[161]. Corporate Governance and Compliance - The Board believes that having the same individual serve as both chairman and CEO ensures consistent leadership and effective long-term strategy planning[51]. - All Directors confirmed compliance with the Model Code for Securities Transactions during the six months ended June 30, 2024[51]. - The Group's corporate governance practices have been applied in accordance with the Corporate Governance Code during the reporting period[51]. - The audit committee has reviewed the interim results for the six months ended June 30, 2024, ensuring compliance with accounting principles[52]. - The interim financial report is prepared in accordance with Hong Kong Accounting Standard 34, with no significant issues noted during the review[160]. Market Conditions and Strategic Outlook - The real estate industry continues to face significant pressure, with signs of stabilization emerging in certain key cities[11]. - Over 300 easing measures were issued by the central and local governments in the first half of 2024 to stimulate the real estate market[11]. - The Group plans to monitor market dynamics and industry trends to identify new economic development opportunities and foster synergistic growth across diversified businesses[18]. - The Group aims to maintain corporate development resilience by advancing business development in an orderly manner[12]. - The Group is actively seeking potential buyers for its properties and investments outside of Mainland China[92].

Financial Performance - Revenue for the six months ended June 30, 2024, decreased by approximately 9.1% to about HKD 453.5 million from approximately HKD 498.7 million for the same period in 2023[1]. - The total comprehensive loss for the period was approximately HKD 716.6 million, compared to a total comprehensive income of approximately HKD 313.4 million for the same period in 2023[5]. - The company reported a net loss of HKD 560.6 million for the six months ended June 30, 2024, compared to a profit of HKD 4.3 million for the same period in 2023[11]. - The group recorded a loss attributable to equity shareholders of approximately HKD 539.2 million, compared to a profit of approximately HKD 23.4 million for the same period in 2023[2]. - The group reported property sales revenue of approximately HKD 187.8 million for the six months ended June 30, 2024, with a recognized average selling price of HKD 130,145.5 per square meter[47]. Revenue Breakdown - For the six months ended June 30, 2024, the group recorded property and parking space pre-sale revenue of approximately HKD 416.1 million, a decrease of about 1.3% compared to the same period in 2023, with an average selling price of HKD 108,763.2 per square meter, an increase of approximately 28.7% year-on-year[1]. - Revenue from sales decreased to HKD 189.4 million, down from HKD 237.9 million in the previous year, representing a decline of approximately 20.3%[11]. - Revenue from property management and related services was HKD 130,802,000, slightly down from HKD 134,029,000 in 2023[16]. - Total customer contract revenue for the six months ended June 30, 2024, was HKD 339,128,000, a decrease of 13.7% from HKD 392,803,000 in 2023[16]. Investment Properties - The fair value of the investment property portfolio as of June 30, 2024, was approximately HKD 7.882 billion, accounting for about 40.7% of the group's total assets[2]. - The total fair value of the group's investment properties as of June 30, 2024, was approximately HKD 7.882 billion, accounting for about 40.7% of the total assets[49]. - Rental income generated by the group was approximately HKD 114.4 million, representing an increase of about 8.0% compared to HKD 105.9 million for the same period last year[50]. - The average monthly rental income for the group's operating investment properties was approximately HKD 68.8 per square meter, down from HKD 70.1 per square meter in the previous year[50]. - The group has ongoing development and sales activities in key regions including the Greater Bay Area and Yangtze River Delta[53]. Financial Position - The net debt ratio as of June 30, 2024, was approximately 69.2%, up from 62.8% as of December 31, 2023[2]. - The company's total assets less current liabilities amounted to HKD 12.9 billion, a decrease from HKD 13.4 billion as of December 31, 2023[8]. - Current liabilities totaled HKD 6.4 billion, down from HKD 6.6 billion at the end of 2023[8]. - The company's non-current liabilities included bank loans and other borrowings of HKD 4.2 billion, an increase from HKD 3.9 billion in the previous period[9]. - The group had a cash balance of approximately RMB 2,041,900,000 (equivalent to about HKD 2,193,000,000) as of June 30, 2024, exposing it to foreign exchange risks[79]. Operational Challenges - The company faces significant uncertainty regarding its ability to continue as a going concern due to ongoing challenges in the property market and tightening financing conditions[11]. - The group faces significant uncertainty regarding its ability to continue as a going concern due to ongoing market challenges and tightening financing conditions[44]. - There remains significant uncertainty regarding the management's ability to implement the plans and measures outlined[13]. - The company has outstanding bank loans and other borrowings of HKD 3.2 billion, with a significant portion maturing between July and December 2024[11]. Corporate Governance - The company emphasizes the importance of maintaining corporate governance to protect and enhance shareholder interests[88]. - The roles of Chairman and CEO are held by the same individual, Mr. Huang Jun Kang, which the board believes enhances leadership consistency and strategic planning efficiency[87]. - The audit committee has reviewed the interim financial results for the six months ending June 30, 2024, although the financial data has not been audited[89]. - The interim financial report will be made available to shareholders and published on the company's website at an appropriate time[90].