Core Insights - The company reported a revenue of 120 million yuan and a gross profit of 61.67 million yuan for the six months ending June 30, 2025, with a loss attributable to shareholders of 28.946 million yuan, translating to a loss per share of 0.23 yuan [1] Financial Performance - Revenue for the reporting period was 120 million yuan, with a gross profit of 61.67 million yuan [1] - The company experienced a loss attributable to shareholders of 28.946 million yuan, equating to a loss per share of 0.23 yuan [1] Market Strategy - The company has adopted a market-oriented and customer-centric strategy to enhance its retail operations in tea consumer products, focusing on operational management, product development, and marketing policy adjustments [1] - Despite a challenging market environment, the company aims to improve its sustainable operational capabilities [1] Sales Channels - Sales revenue from offline distribution channels decreased by 71.5% compared to the same period in 2024 due to weak consumer spending in physical stores [1] - Conversely, sales from large customer channels increased by 103.7% compared to the same period in 2024, indicating a positive trend in this segment [1] Cost Management - The company successfully controlled costs during the reporting period, with sales and marketing expenses decreasing by 38.1% and administrative expenses decreasing by 16.8% compared to the same period in 2024 [1] - Continuous optimization and upgrading of business operations and service structures were implemented to enhance operational efficiency and provide a more agile market response for partners [1]

Core Insights - The company reported a revenue of 120 million yuan and a gross profit of 61.67 million yuan for the six months ending June 30, 2025, with a loss attributable to shareholders of 28.946 million yuan, translating to a loss per share of 0.23 yuan [1] - The company is adopting a market-oriented and customer-centric strategy to enhance its operational capabilities amid a slow and volatile market recovery [1] - Sales revenue from offline distribution channels decreased by 71.5% compared to the same period in 2024, while sales from large customer channels increased by 103.7% [1] Financial Performance - The company achieved a revenue of 120 million yuan and a gross profit of 61.67 million yuan [1] - The loss attributable to shareholders was 28.946 million yuan, with a loss per share of 0.23 yuan [1] Operational Strategy - The company is focusing on optimizing its business operations and service structure to improve operational efficiency and provide a more agile market response for partners [2] - During the reporting period, the company successfully controlled costs, with sales and marketing expenses decreasing by 38.1% and administrative expenses decreasing by 16.8% compared to the same period in 2024 [2]

Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2025, representing a 15% increase compared to the same period in 2024[3]. - Revenue for the six months ended June 30, 2025, decreased by 38.8% to RMB 119.5 million from RMB 195.1 million in the same period of 2024[28]. - Gross profit for the same period fell by 50.5%, from RMB 124.7 million to RMB 61.7 million[28]. - The profit attributable to owners of the Company turned into a loss of RMB 28.9 million, compared to a profit of RMB 5.1 million in the prior year[29]. - Basic and diluted earnings per share for the six months ended June 30, 2025, amounted to a loss of RMB 0.23[29]. - The overall business performance showed a significant downturn compared to the previous year, reflecting ongoing market challenges[31]. - The Group achieved operating revenue of RMB 119.5 million during the Reporting Period, a decline from RMB 195.1 million in the same period of 2024, with a loss attributable to owners of RMB 28.9 million compared to a profit of RMB 5.1 million in 2024[33]. - The decline in operating results during the Reporting Period was influenced by the current market environment and management changes, but the Company remains optimistic about future recovery[55]. - For the first six months of 2025, the Group's total revenue was RMB 119.5 million, a decrease of RMB 75.6 million or 38.8% compared to RMB 195.1 million in the same period of 2024[60]. Market and Customer Insights - User data indicates a growth in active customers to 1.2 million, up 20% year-over-year[3]. - The company expects a revenue guidance of RMB 1.1 billion for the full year 2025, reflecting a projected growth of 10%[3]. - Market expansion efforts include entering three new provinces in China, targeting a 25% increase in market share by the end of 2025[3]. - A new marketing strategy focusing on digital channels is projected to increase brand awareness by 30% within the next year[3]. - The focus on healthy lifestyles among consumers is expected to drive long-term growth in the Pu'er tea and Chinese tea market[51]. Operational Adjustments and Strategies - The Company is evaluating and adjusting its operational and management strategies, which has influenced business performance during the reporting period[31]. - Management adjustments during the reporting period led to transitional delays, impacting business development[31]. - The Company continues to invest resources in assessing and refining its business strategies to adapt to market conditions[31]. - The Company aims to enhance operational efficiency and market responsiveness through continuous optimization of its business operations and service architecture[37]. - The Company plans to enhance its distribution network, aiming for a 15% reduction in logistics costs by mid-2026[3]. Investments and Acquisitions - The company is investing RMB 30 million in R&D for innovative tea processing technologies aimed at enhancing product quality[3]. - The company has completed the acquisition of a local tea producer for RMB 80 million, expected to enhance supply chain efficiency[3]. - The Company signed a product exchange agreement on May 24, 2025, to swap mid-to-high-end products that had seen declining sales for higher-quality semi-finished goods and raw tea[42]. Financial Management and Fund Utilization - The company plans to issue H shares, with a total subscription of 24 million shares expected to raise HKD 59.04 million, aimed at strengthening its financial condition[56]. - The company aims to enhance fund utilization efficiency and alleviate cash flow pressure due to slow payments from front-end stores[114]. - The adjustments in fund allocation are intended to support the company's core business development and operational activities[118]. - The total planned use of reallocated net proceeds after successive changes is RMB 141.4 million, with RMB 55.7 million utilized and RMB 8.2 million remaining unutilized as of June 30, 2025[121]. Employee and Governance - As of June 30, 2025, the Group had a total of 599 employees, with employee costs amounting to RMB 38.37 million, a decrease of 32.2% compared to RMB 56.60 million for the same period in 2024[127][128]. - The Group conducts annual performance appraisals for employees, which influence salary reviews and promotion assessments[127]. - The Company has adopted the principles and code provisions of the Corporate Governance Code to enhance accountability and transparency[138]. Compliance and Regulatory Matters - The Audit Committee confirmed that the unaudited consolidated interim results for the six months ended June 30, 2025, comply with applicable accounting standards, laws, and regulations[155]. - The company reminded all Directors, Supervisors, and senior management of trading restrictions during the black-out period prior to its commencement[149]. - During the six months ended June 30, 2025, the company was not aware of any case of non-compliance with the Model Code by relevant employees[152].

Financial Performance - Revenue for the six months ended June 30, 2025, decreased by 38.8% to RMB119.5 million from RMB195.1 million for the same period in 2024[28]. - Gross profit for the same period fell by 50.5% to RMB61.7 million compared to RMB124.7 million in the prior year[29]. - The profit attributable to owners of the Company turned into a loss of RMB28.9 million, down from a profit of RMB5.1 million in the previous year[30]. - Basic and diluted earnings per share for the six months ended June 30, 2025, amounted to a loss of RMB0.23[30]. - The Group achieved operating revenue of RMB119.5 million during the Reporting Period, a decline from RMB195.1 million in the same period of 2024, with a loss attributable to owners of RMB28.9 million compared to a profit of RMB5.1 million in 2024[34]. - The Company experienced a decline in operating results during the Reporting Period due to market conditions and management transitions, but believes this will benefit long-term sustainability[54][56]. - For the first six months of 2025, the Group's total revenue was RMB119.5 million, a decrease of RMB75.6 million (38.8%) compared to RMB195.1 million in the same period of 2024[61]. - The gross profit for the first six months of 2025 was RMB61.7 million, representing a decrease of RMB63.0 million (50.5%) from RMB124.7 million in the same period of 2024, with a gross profit margin of 51.6%, down 12.3% from 63.9%[68]. - Operating profit turned negative at RMB (10,310,000) compared to a profit of RMB 10,707,000 in the previous year[199]. - Profit for the period was RMB (28,883,000), a significant decline from RMB 4,414,000 in 2024[199]. Operational Strategies - The management discussion and analysis section will cover key operational strategies and market conditions[5]. - Management adjustments during the reporting period led to transitional challenges and resource allocation for evaluating and adjusting operational strategies[32]. - The Company is actively optimizing its business operations and service architecture to enhance operational efficiency and market responsiveness[38]. - The product exchange is part of the Company's strategy to adapt to the slow recovery of the consumer market and operational challenges faced by offline stores[43]. - The Company aims to transform exchanged-in products into cost-effective consumer products through product planning, design, and packaging[43]. - The growth in KA channel sales is attributed to the unique sales model and increased brand awareness, enhancing the Company's sales capabilities[46]. - The Company aims to enhance its online channel strategies to promote high-quality development amidst fierce competition in the e-commerce sector[49][51]. Financial Position - Cash and cash equivalents decreased significantly from RMB65.4 million as of December 31, 2024, to RMB22.6 million as of June 30, 2025, attributed to a slow recovery in the end consumer market affecting offline store operations and sales[97]. - The Group's borrowings increased from RMB326.0 million as of December 31, 2024, to RMB374.4 million as of June 30, 2025, indicating an increase in the scale of borrowings[98]. - The gearing ratio rose from 32.6% as of December 31, 2024, to 36.8% as of June 30, 2025, primarily due to the increase in borrowings[99]. - Current assets decreased by RMB69.7 million from RMB1,113.1 million as of December 31, 2024, to RMB1,043.4 million as of June 30, 2025, primarily due to decreases in trade and other receivables and cash and cash equivalents[96]. - Total assets decreased to RMB1,250,819,000 as of June 30, 2025, down from RMB1,341,679,000 at the end of 2024[200]. - Total equity attributable to owners of the Company was RMB642,688,000, a decrease from RMB671,865,000 in the previous year[200]. Governance and Compliance - The audit committee is chaired by an independent non-executive director, ensuring compliance and governance[10]. - The Company has adopted the principles and code provisions of the Corporate Governance Code to enhance accountability and transparency[139]. - The Audit Committee reviewed the unaudited consolidated interim results for the six months ended June 30, 2025, confirming compliance with applicable accounting standards[156]. - The company confirmed that all Directors and Supervisors complied with the Model Code for the six months ended June 30, 2025, with no known violations by employees[153]. Shareholder Information - The Company has issued a total of 126,000,000 shares, comprising 94,500,000 Domestic Shares and 31,500,000 H Shares[1]. - A total of 19,944,899 Domestic Shares, representing approximately 15.83% of the total issued shares, were pledged by controlling shareholders, breaching the Model Code[145]. - Ms. Wang Juan holds 12,492,899 domestic shares, representing approximately 13.22% of the relevant class and 9.92% of the total issued share capital[173]. - The voting rights of 5,786,306 Domestic Shares held by Ms. Shi Ailing are controlled by Ms. Du Chunyi due to family arrangements[165]. - The Company has not disclosed any new products, technologies, or market expansion strategies in the provided content[167]. - There are no updates on mergers or acquisitions mentioned in the provided content[167].

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。 PU'ER LANCANG ANCIENT TEA CO., LTD. 普洱瀾滄古茶股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6911） 內幕消息 本集團部分銀行賬戶凍結 經有關核實工作後顯示，賬戶凍結與廣州康瑞牽涉的一起商業訴訟事件有關。根據廣州康瑞目 前收到的訴訟材料，河北某商貿有限公司（「河北公司」）與廣州某有限公司（「廣州公司」）簽署 了業務合作合同（「商業合作」），由於雙方存在合作糾紛，河北公司遂對廣州公司進行了起訴 （「訴訟案件」）。由於廣州康瑞早前對廣州公司出具了相關茶產品採購、加工及銷售的業務授權 書，而公司前高管王娟女士（「王女士」）及公司現任董事張慕衡先生（「張先生」）對有關商業合 作出具了承諾書及提供了擔保或保證，從而導致廣州康瑞、王女士及張先生亦作為訴訟案件的 被告方。同時，河北公司認為本公司係廣州康瑞的唯一股東，應對廣州康瑞牽涉的債務承擔無 限連帶保 ...

格隆汇8月18日丨澜沧古茶(06911.HK)公告，谨定于2025年8月28日(星期四)举行董事会会议，以(其中包 括)考虑及通过集团截至2025年6月30日止6个月未经审计中期业绩及其刊发，以及处理其他事项(如有)。 ...

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依賴該等內容而引致的任何損失承擔任 何責任。 承董事會命 普洱瀾滄古茶股份有限公司 董事長兼執行董事 杜春嶧女士 PU'ER LANCANG ANCIENT TEA CO., LTD. 普洱瀾滄古茶股份有限公司 （股份代號：6911) 董事會召開日期 普洱瀾滄古茶股份有限公司（「本公司」，連同其附屬公司「本集團」）董事（「董事」）會（「董事 會」）茲通告謹定於二零二五年八月二十八日（星期四）舉行董事會會議，以（其中包括）考慮及 通過本集團截至二零二五年六月三十日止六個月之未經審計中期業績及其刊發，以及處理其他 事項（如有）。 （於中華人民共和國註冊成立的股份有限公司） 香港，二零二五年八月十八日 於本公告日期，本公司董事會由(i)執行董事杜春嶧女士、周信忠先生、張慕衡先生、石一景女 士、付剛先生及劉佳杰先生；及(ii)獨立非執行董事謝曉堯博士、湯章亮先生及楊克泉博士組 成。 ...

Group 1: 澜沧古茶业绩预告 - 澜沧古茶预计上半年净亏损2800万元-3200万元，收入约为人民币1.17亿元-1.2亿元，同比下降38.5%至40.0% [1] - 亏损主要原因是营业收入下降，受终端消费市场复苏缓慢和公司管理层调整影响 [1] - 2024年营业收入为3.61亿元，同比下滑31.5%；毛利为1.88亿元，同比下滑46.8% [1] Group 2: 云南咖啡产业数智化项目 - 云南咖啡产业启动全球首个山地农业低空数智化系统工程改造项目，采用无人机、区块链和AI技术 [2] - 无人机生态矩阵可减少生物药剂用量40%，山地物流网络可压缩鲜果加工时效67% [2] - 该项目旨在提升云南咖啡的加工率和降低物流成本，推动农业工业化 [2] Group 3: 吴裕泰跨界咖啡业务 - 吴裕泰在北京开设"牛牛咖啡&面包"烘焙咖啡馆，主营烘焙咖啡业务，茶叶销售为副业 [3] - 产品包括桂花拿铁和焙茶饼干，价格在9.9-35元之间，融合茶元素特色 [3] - 吴裕泰此前已有多次跨界餐饮尝试，推出手工茶饼干和冰淇淋等产品 [3] Group 4: IFBH椰子水品牌评级 - 里昂首次覆盖泰国椰子水品牌IFBH，给予目标价43港元及"跑赢大市"评级 [4] - IFBH在内地和香港市场具备竞争优势，有望把握椰子水快速普及的机遇 [4] - 公司在采购、产品质量和品牌价值等方面有竞争优势，可能进一步扩展线下业务 [4] Group 5: 葛根茶销量激增 - 演员赵露思在直播中推荐四川广元产野生葛根茶，销量激增200倍，从10余单飙升至2000多单 [5] - 单日进店人数超4万人次，店铺粉丝数从100多暴涨至破千，因库存告罄商品被迫下架 [5] - 品牌负责人表示单日订单量相当于过去七八年的销量总和，产能压力巨大 [5]

Group 1: 澜沧古茶业绩预告 - 澜沧古茶预计上半年净亏损在2800万元至3200万元之间，收入约为1.17亿元至1.2亿元，同比下降38.5%至40.0% [1] - 亏损主要原因是营业收入下降，受终端消费市场复苏缓慢和公司管理层调整影响 [1] - 2024年营业收入为3.61亿元，同比下滑31.5%，毛利为1.88亿元，同比下滑46.8% [1] Group 2: 云南咖啡产业数智化项目 - 云南咖啡产业数智化联盟启动全球首个山地农业低空数智化系统工程改造项目，利用无人机、区块链和AI技术 [2] - 无人机生态矩阵可减少生物药剂用量40%，山地物流网络可压缩鲜果加工时效67% [2] - 该项目旨在提升云南咖啡的加工率和物流效率，助力咖啡产业转型 [2] Group 3: 吴裕泰跨界咖啡业务 - 吴裕泰在北京开设了名为"牛牛咖啡&面包"的烘焙咖啡馆，主营烘焙咖啡业务，茶叶销售为副业 [3] - 新店提供多种茶元素特色的咖啡和烘焙产品，价格在9.9元至35元之间 [3] - 吴裕泰此前已有多次跨界餐饮的尝试，包括推出手工茶饼干和冰淇淋等 [4] Group 4: IFBH椰子水品牌 - 里昂首次覆盖泰国椰子水品牌IFBH，给予目标价43港元及"跑赢大市"评级 [5] - IFBH在内地和香港市场具备竞争优势，有望把握椰子水快速普及的机遇 [5] - 公司在采购、产品质量和品牌价值等方面具有优势，可能进一步扩展线下业务 [5] Group 5: 葛根茶销量激增 - 演员赵露思在直播中推荐四川广元产的野生葛根茶，销量激增200倍，从原月销10余单飙升至2000多单 [6] - 直播后店铺粉丝数从100多暴涨至破千，单日订单量相当于过去七八年的销量总和 [6] - 品牌负责人表示因产能压力已紧急招募临时工以满足订单需求 [6]

Core Viewpoint - The company, Lancang Ancient Tea, has issued a profit warning indicating a significant decline in revenue and a projected net loss for the first half of 2025 compared to the same period in 2024 [1] Financial Performance - The expected revenue for the first half of 2025 is projected to be between 117 million to 120 million yuan, representing a year-on-year decrease of approximately 38.5% to 40% [1] - The net profit attributable to the company's owners is expected to decline from 5.1 million yuan for the six months ending June 30, 2024, to a net loss of approximately 28 million to 32 million yuan for the reporting period [1] Operational Challenges - The board attributes the loss in profit to a decline in operating revenue, primarily due to the slow recovery of the terminal consumer market, which continues to impact the operations and sales of physical stores [1] - Additionally, the company's management adjustments have led to transitional delays, and resources have been allocated to evaluate and adjust the group's operational and management strategies, further affecting business development during the reporting period [1]