Core Viewpoint - Midea Real Estate (03990) expects a significant increase in profit for the first half of 2025, driven by new business segments following the completion of physical distribution and sales services [1] Financial Performance - For the six months ending June 30, 2024, the profit attributable to the company's owners from continuing operations is approximately RMB 141 million, with core net profit around RMB 142 million [1] - The projected profit for the first half of 2025 is expected to be between RMB 250 million and RMB 350 million, indicating a substantial growth compared to the previous period [1]

Core Viewpoint - China Tiangong Holdings (00428) reported a revenue of HKD 70 million for the six months ending June 30, 2025, representing a year-on-year decline of 9.1%. However, the company achieved a net profit of HKD 3.039 million, compared to a loss of HKD 18.98 million in the same period last year, with basic earnings per share of HKD 0.0335 [1] Revenue Analysis - The decrease in revenue was primarily due to a reduction in dividend income during the reporting period [1] - The company’s performance turned profitable due to the favorable performance of several publicly traded securities held by the group during the reporting period [1]

2025年上半年，存货周转天数微升2天至106天(2024年上半年：104天)，贸易应收款项周转天数增加6天 至72天(2024年上半年：66天)。营运资金管理方面，面对当前宏观经济及地缘政治带来的不明朗因素， 集团采取审慎的管理策略，现金净额保持在高水平达1,067.2百万港元(2024年6月30日：1,060.5百万港 元)，较去年同期上升0.6%，依托稳健的现金流，集团能够灵活应对市场环境的各种挑战。 于2025年6月30日，集团在手销售订单达999.3百万港元，相较2024年12月31日的889.1百万港元，增加 12.4%。随着各国的关税协议逐步明朗，客户订单及出货时间表亦趋于明确，集团下半年销售趋势平 稳。 格隆汇8月18日丨东江集团控股(02283.HK)公告，2025年上半年，集团收入达10.5亿港元，较去年同期 上升4.3%。其中，注塑组件制造业务受部分下游行业客户的审慎采购策略影响较去年同期下跌5.2%， 而模具制作业务则录得强劲增长，较去年同期上升30.4%。公司拥有人应占溢利较去年同期上升8.8%， 录得8680万港元。净利率增加0.4个百分点至8.3%(2024年上半年：7.9%)， ...

Group 1 - The company Maple Leaf Education (01317) announced a share buyback plan, intending to repurchase approximately 146,000 shares at a cost of about HKD 56.2 million on August 18, 2025 [1]

Core Viewpoint - The company, Oriental Huicai Securities (08001), has received a letter from the Stock Exchange indicating that the GEM Listing Committee has decided to cancel the company's listing status based on GEM Listing Rule 9.14A(1) [1] Group 1 - The last date for the company's shares to be listed will be August 29, 2025, unless the company applies for a review of the decision according to Chapter 4 of the GEM Listing Rules [1] - The cancellation of the company's listing status will take effect at 9:00 AM on September 1, 2025 [1] - The company is currently reviewing the letter and considering whether to request a review of the decision [1]

Core Points - The company reported a revenue of HKD 962 million for the six months ending June 30, 2025, representing a year-on-year decrease of 18.28% [1] - The loss attributable to shareholders was HKD 11.415 million, compared to a profit of HKD 3.397 million in the same period last year, resulting in a basic loss per share of HKD 0.004 [1] - The decline in revenue is primarily attributed to reduced turnover in the payment and digital services segment, as well as the energy metering and solutions segment [1] Revenue and Profit Analysis - The decrease in classified turnover and operating profit is mainly due to a non-cash stock option expense of approximately HKD 85.2 million related to a subsidiary's stock option grant in March 2025 [1] - The shift towards digital payments further replaced traditional payment markets, with increased resource allocation towards overseas and cross-border operations [1]

Group 1 - The core point of the article is that Wu Wencup has reduced his stake in Xinshi Electric Vehicle Materials (06128) by selling 46 million shares at a price of HKD 0.196 per share, totaling HKD 9.016 million [1] - After the transaction, Wu Wencup's remaining shareholding is 47.5 million shares, representing a 5.06% ownership in the company [1] - The transaction also involves other related parties, specifically Shen Taoyu [1]

本次交易涉及其他关联方：Zhongshen Jianye Holding Limited、Zhongshen Xihe Enterprise Limited、桑先锋。 | 表格序號 | 大股東/董事/륨高行政人員名補 | 仿數目 | 作出披露的 買入 / 賣出或涉及的股 每股的平均價 | | | | --- | --- | --- | --- | --- | --- | | CS20250815E00514 | Zhongshen Hengtai Capital Limited 中深亨泰省本有限公司 | 1001(L) | 23,040,000(L) | HKD 0.2150 | 23,04 | | CS20250815E00513 | Zhongshen Jianye Holding Limited | 1001(L) | 23,040,000(L) | HKD 0.2150 | 23.04 | | CS20250815E00512 | Zhongshen Xihe Enterprise Limited | 1001(L) | 23,040,000(L) | HKD 0.2150 | 23.04 | | I ...

Core Viewpoint - Yongda Automobile (03669) announced the cancellation of 21.309 million shares that have been repurchased, effective on August 18, 2025 [1] Company Summary - The company is set to cancel a total of 21.309 million shares, which indicates a strategic move to manage its share capital [1]

Core Insights - Tongcheng Travel reported a revenue of 9.05 billion yuan for the first half of 2025, representing a year-on-year growth of 11.5% [1] - Adjusted EBITDA reached 2.34 billion yuan, up 35.2% year-on-year, while adjusted net profit was 1.56 billion yuan [1] - The company is focusing on high-value users and expanding its market share in lower-tier cities, which has contributed to its growth [1][2] Business Segments - The accommodation segment saw a revenue increase of 18.8% year-on-year, totaling 2.56 billion yuan, driven by new booking scenarios such as weekend getaways and events [1] - The transportation segment's revenue grew by 11.6% year-on-year to 3.88 billion yuan, with international flight bookings reaching a historical high, increasing nearly 30% [1] - The company is enhancing its train ticketing system to better meet user needs, resulting in improved revenue generation [1] Market Trends - Domestic tourism in China showed strong growth, with 3.285 billion trips taken by residents in the first half of 2025, a 20.6% increase year-on-year [2] - The average revenue per user (ARPU) for Tongcheng Travel increased by 13.8%, and paid membership subscriptions grew by 24% [2] - Non-first-tier city residents are becoming the main force in travel consumption, with over 87% of registered users on Tongcheng Travel's platform coming from these areas [2] Strategic Initiatives - Tongcheng Travel is expanding its product offerings to include various transportation options, enhancing its service coverage across over 100 cities [3] - The company is positioned to benefit from the growth in lower-tier markets, leveraging its long-term focus on these areas to create a competitive edge [3] - Strategic partnerships with major shareholders Tencent and Ctrip are providing the company with low-cost access to a vast customer base and quality supply chain resources [3]