Financial Performance - For the year ended December 31, 2025, the company reported revenue of RMB 168.3 million, representing a 3.2% increase from RMB 163.1 million in 2024[4] - Gross profit for 2025 was RMB 88.1 million, a significant increase of 120.3% compared to RMB 40.0 million in 2024[4] - The company reduced its loss before tax to RMB 90.4 million, a 60.9% improvement from a loss of RMB 231.1 million in the previous year[4] - Net loss for the year was RMB 118.8 million, down 48.3% from RMB 230.0 million in 2024[4] - Basic and diluted loss per share improved to RMB 0.30 from RMB 0.58 in 2024[5] - The company reported a total comprehensive loss of RMB 129.6 million for 2025, compared to RMB 221.5 million in 2024[6] - The company reported a pre-tax loss of RMB 118,153,000 for 2025, a decrease from a loss of RMB 232,541,000 in 2024, indicating an improvement in financial performance[26] - The net loss is projected to decrease from RMB 230.0 million in 2024 to RMB 118.8 million in 2025[75] Assets and Liabilities - Total assets decreased to RMB 2,533.4 million from RMB 2,673.1 million in 2024, reflecting a reduction in non-current assets[7] - Current assets totaled RMB 636.3 million, down from RMB 711.3 million in 2024, primarily due to a decrease in trade receivables[7] - Non-current liabilities decreased to RMB 16.6 million from RMB 25.4 million in 2024, indicating improved financial stability[8] - The company's equity decreased to RMB 2,516.8 million from RMB 2,647.6 million in 2024, reflecting the impact of the net loss[8] - Trade receivables decreased to RMB 390,998,000 in 2025 from RMB 434,344,000 in 2024, a decline of 10%[27] - Trade payables decreased from RMB 117,117,000 in 2024 to RMB 73,863,000 in 2025, indicating a significant reduction in liabilities[34] - The asset-liability ratio was 0.12% as of December 31, 2025, down from 0.26% in 2024, reflecting a conservative financial management strategy with no borrowings[99] Revenue Breakdown - Revenue from the mainland China market was RMB 111,141,000 in 2025, up from RMB 102,283,000 in 2024, representing an increase of 8.5%[17] - Revenue from variety show IP production, operation, and licensing increased by 15.3% to RMB 39.1 million in 2025, compared to RMB 33.9 million in 2024[49] - Revenue from music IP operation and licensing surged by 125.0% to approximately RMB 31.5 million in 2025, up from about RMB 14.0 million in 2024, mainly due to increased licensing renewals[50] - Revenue from other IP-related businesses decreased by 35.0% to approximately RMB 35.5 million in 2025, down from about RMB 54.6 million in 2024, due to contract expirations with several signed artists[52] Cost Management - The cost of production and operation for variety show IP was RMB 14,425,000 in 2025, significantly reduced from RMB 56,918,000 in 2024, reflecting a decrease of 74.6%[21] - The cost of sales decreased from RMB 123.1 million in 2024 to RMB 80.2 million in 2025, reflecting a reduction in production costs for variety shows[53] - Administrative expenses are forecasted to decrease by 45.1% from RMB 90.4 million in 2024 to approximately RMB 49.6 million in 2025, mainly due to a reduction in staff costs and depreciation expenses[65] Impairment and Provisions - The company’s impairment loss on trade and other receivables was RMB 14,022,000 in 2025, down from RMB 50,200,000 in 2024, indicating improved credit management[21] - The company recorded an impairment loss on goodwill of RMB 3.0 million in 2025, significantly lower than the RMB 48.5 million recorded in 2024, primarily due to anticipated decreases in future licensing income[66] - Provisions for various lawsuits totaled RMB 5,281,000 as of December 31, 2025, reflecting adjustments made during the year[35] Corporate Governance - The company has adopted the principles and provisions of the Corporate Governance Code as the basis for its corporate governance practices[109] - The board of directors has not recommended the payment of a final dividend for the year ending December 31, 2025, consistent with the previous year[116] - The company has established an audit committee consisting of three members, with an independent non-executive director serving as the chairman[113] - The company has established a nomination committee and a remuneration committee in addition to the audit committee[114] Future Plans and Strategy - The company aims to enhance its IP creation and operation capabilities, focusing on integrating AI technology into content creation, with plans to develop an interactive movie game and an AI comic series by mid-2026[41] - The company plans to expand its audience reach and brand influence by increasing partnerships with TV platforms, online video platforms, and music service providers[44] - The company is actively exploring new fields such as short dramas, comic series, and interactive games, while also integrating short videos with e-commerce and social platforms[45] - The company believes in the long-term growth potential of the Chinese entertainment IP industry despite market challenges, maintaining a stable performance in sales and market presence[42] Joint Ventures and Loans - The company provided three additional unsecured loans to CMC Asia totaling $2,050,000, with an interest rate of 5% and a repayment period of one year[31] - The company extended a loan of HKD 28,000,000 (approximately RMB 25,485,600) to CMC Asia, which was unsecured and interest-free, with a remaining balance of RMB 16,770,000 after partial settlement[33] - The company entered into a joint venture agreement to develop AI music business in China, with registered capital of RMB 1 million, and further investments planned totaling RMB 358.68 million[100] Employee and Talent Management - Employee compensation expenses totaled RMB 38.2 million in 2025, including director remuneration, with a total of 116 employees as of December 31, 2025[105] - The company is committed to attracting top talent in IP production, operation, and management through competitive compensation and training programs[44]

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。 本公司董事會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者，根據對 本集團截至2025年12月31日止年度（「2025財年」）未經審核綜合管理賬目的初步 評估，本集團預期將錄得淨虧損約人民幣100.0百萬元至人民幣125.0百萬元，而 於2024年同期則錄得淨虧損約人民幣230.0百萬元。 預期2025財年淨虧損減少主要是由於以下原因： 1 STAR CM Holdings Limited 星空華文控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6698） 盈利預警－虧損減少 本公告乃由星空華文控股有限公司（「本公司」，連同其附屬公司及綜合聯屬實體 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 條以及香港法例第571章證券及期貨條例第XIVA部項下的內幕消息條文（定義見 上市規則）作出。 星空華文控股有限公司 主席兼行政總裁 田明先生 1. 本 ...

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。 STAR CM Holdings Limited 星空華文控股有限公司（「本公司」）董事（「董事」）會（「董事會」）茲通告謹定於 2026年3月27日（星期五）舉行董事會會議，以考慮及通過（其中包括）本公司及其 附屬公司截至2025年12月31日止年度之全年業績，及考慮建議派發末期股息（如 有）。 承董事會命 星空華文控股有限公司 主席兼行政總裁 田明先生 星空華文控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6698） 董事會會議召開日期 香港，2026年3月17日 於本公告日期、本公司董事會包括(i)執行董事田明先生、金磊先生、徐向東先生、陸偉先生、 王艷女士及沈寧女士；及(ii)獨立非執行董事李良榮先生、陳熱豪先生及盛文灝先生。 ...

致：香港交易及結算所有限公司 公司名稱: 星空華文控股有限公司 呈交日期: 2026年3月2日 I. 法定/註冊股本變動 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: 2026年2月28日 狀態: 新提交 | 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) | 06698 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | USD | | 0.000001 | USD | | 50,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 50,000,000,000 | USD | | 0.000001 | USD | | 50,000 | 本月底法定/註冊 ...

Group 1 - The latest shareholder equity disclosures for companies including Starry Sky Chinese (06698), Tanwan (09890), Zhixing Group Holdings (01539), Aisiji Group (08507), and Jinli Yongci (06680) were conducted on February 25, 2026 [1] Group 2 - Starry Sky Chinese (06698) maintains a holding of 274 million shares, representing 68.68% of ownership, unchanged from the previous disclosure [2] - Tanwan (09890) has a holding of 279 million shares, with a consistent ownership percentage of 52.24% [2] - Zhixing Group Holdings (01539) holds 1.932 billion shares, reflecting a slight increase in ownership from 56.09% to 56.10% [2] - Aisiji Group (08507) shows a decrease in shares from 251 million to 249 million, with ownership now at 62.31% [2] - Jinli Yongci (06680) has seen a reduction in shares from 1,213.56 million to 1,097.92 million, with ownership percentage decreasing from 5.17% to 4.68% [2]

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: 2026年1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: 星空華文控股有限公司 (於開曼群島註冊成立的有限公司) II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 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) 06698 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 398,538,168 398,538,168 增加 / 減少 (-) 本月底結存 398,538,168 0 398,538,168 足夠公眾持股量的確認(註4) 呈交日期: 2026年2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) | 06698 | 說明 | | | | | | | | ...

呈交日期: 2026年1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) | 06698 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | USD | 0.000001 | USD | | 50,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 50,000,000,000 | USD | 0.000001 | USD | | 50,000 | 截至月份: 2025年12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: 星空華文控股有限公司 (於開曼群島註冊成立的有限公司) 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 本月 ...

Group 1 - The top gainers in the Hong Kong stock market as of December 31 include Yiyuan Wine Industry (08146.HK) with a rise of 66.04%, Delin Holdings (01709.HK) up by 34.41%, and Yucheng Logistics (08489.HK) increasing by 19.70% [1][2] - Other notable gainers are Wanma Holdings (06928.HK) with an increase of 11.52%, Shou控 Group (01269.HK) rising by 10.00%, and Xingkong Huawen (06698.HK) up by 8.82% [1][2] - The list also includes China Property Investment (00736.HK) with an 8.57% increase, Gaoshan Enterprises (00616.HK) rising by 6.76%, Zhongbao New Materials (02439.HK) up by 6.55%, and KEEP (03650.HK) with a gain of 5.95% [1][2]

Core Viewpoint - The Hong Kong stock market has shown significant gains, with notable increases in the share prices of several companies on December 23, 2023 [1][2]. Group 1: Top Gainers - Nobikang (02635.HK) experienced a remarkable increase of 287.75%, reaching a price of 310.20 [2]. - Relax Health (02661.HK) saw a substantial rise of 116.05%, with its latest price at 49.00 [2]. - QPL International (00243.HK) reported a gain of 15.49%, with a current price of 0.41 [2]. - Cornerstone Holdings (01592.HK) increased by 14.71%, now priced at 0.19 [2]. - Huaneng International (01102.HK) rose by 13.95%, with a price of 0.04 [2]. - Times China Holdings (01233.HK) gained 10.26%, reaching a price of 0.12 [2]. - Gome Retail (00493.HK) increased by 7.69%, with a current price of 0.01 [2]. - Starry Sky Chinese (06698.HK) saw a rise of 7.34%, priced at 1.17 [2]. - Yuanxiang Group (08401.HK) increased by 7.22%, with a price of 0.10 [2]. - Zhong'an Holdings Group (08462.HK) rose by 6.52%, now priced at 0.09 [2].

Group 1 - The company announced the resignation of Ms. Liang Yingxian as co-secretary and authorized representative under the Hong Kong Stock Exchange Listing Rules, effective from December 28, 2025 [1] - Ms. Wang Yan has also resigned as co-secretary, with her resignation taking effect on December 28, 2025 [1] - Ms. Zheng Li has been appointed as the sole company secretary and authorized representative under the Listing Rules, effective from December 28, 2025 [1]