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。 Dmall Inc. 多点數智有限公司 （於 英 屬 維 爾 京 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：2586） 自 願 性 公 告 有關收購證券及期貨條例項下持牌法團 的潛在收購事項 本公告乃由 多點數智有限公司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」） 自 願 作 出，旨 在 知 會 其 股 東 和 潛 在 投 資 者 有 關 本 集 團 的 最 新 發 展。 潛在收購事項及關連交易 本 公 司 董 事（「董 事」）會（「董事會」）欣 然 宣 佈，本 公 司 已 就 潛 在 收 購 兩 家 香港法例第571章 證 券 及 期 貨 條 例（「證券及期貨條例」）項 下 持 牌 法 團（「目 標公司」）的100%股 權，交 付 一 份 不 具 法 律 約 束 力 的 意 向 書（「潛在收購事 ...

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9月30日 | | --- | | 狀態: 新提交 | FF301 II. 已發行股份及/或庫存股份變動 致：香港交易及結算所有限公司 公司名稱: 多点数智有限公司 呈交日期: 2025年10月8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) | 02586 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,500,000,000 | USD | | 0.0001 | USD | | 250,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 2,500,000,000 | USD ...

文 / 飞机 "人世间数百万个闲暇的小时流逝过去，方始出现一个真正的历史性时刻。" 茨威格的这句话，很适用于 1776年。这一年，三件看起来毫不相干的大事同步发生：亚当·斯密出版了《国富论》，美国的国父们发表了《独立宣 言》，瓦特制造了世界上第一台蒸汽机。 《国富论》发布前的 300年，哥伦布开启大航海时代，由此形成的"大西洋自由贸易经济圈"，是全球化贸易的母体，也是《国富论》的灵感来源； 瓦特的蒸汽机则吹响了工业革命的第一声号角，人类自此掌握了超越自身百倍、万倍乃至无穷的动能。 当科技与大西洋自由市场经济交汇，释放出了惊人的力量，财富快速膨胀，新生产力不断涌现 ——这一年成了人类文明的分水岭。 茨威格的这句话，放在当下的中国来看，亦愈发应景。 9月25日，一场主题为"生而全球·AI时代的中企出海"峰会在云栖大会召开，为一个初见端倪的新分水岭时刻，留下生动注脚。 吴老师在峰会的开场白，便是从引用《国富论》里的名句开始。 一场听到"炮声"的峰会 在去年年终秀上，吴老师将 "生而全球"的企业出海浪潮和人工智能革命视作这一代中国创业者最为重要的两个"百年机遇"，而这场峰会恰好将两 大机遇点交集于一处。 现场他说道： ...

Core Insights - The Xinhua Department Store in Wuzhong Wanda has officially reopened after renovations, with the integration of Multi-Point Intelligence's AI premium product solution [1] - The AI premium product solution utilizes big data and AI technology to analyze foot traffic in the store's surrounding area, generating tailored product procurement plans for the store [1] - This approach fundamentally changes the logic of product procurement and sales, enhancing operational efficiency and consumer attraction by implementing a "wide category, narrow product" strategy and customizing offerings for each store [1]

Group 1 - The Hang Seng Index rose by 0.12%, gaining 31 points to close at 26,576 points, while the Hang Seng Tech Index increased by 0.62%. The early trading volume in Hong Kong stocks reached HKD 179 billion [1] - Gaming stocks led the gains, with Macau's August gambling revenue slightly exceeding expectations, and gaming companies anticipating strong demand during the National Day holiday. Wynn Macau rose by 5.41%, Melco International Development increased by 5.85%, and Sands China gained 5% [1] Group 2 - Weimob Group surged over 10% as the company plans to raise over HKD 1.5 billion through a share placement, with Wujie Capital becoming the largest single shareholder [2] - Ganfeng Lithium saw an increase of over 10%, stating that its energy storage cell production capacity is currently at full capacity [2] - Longi Green Energy's optical fiber business rose over 12%, reaching a new high, with the market favoring hollow-core optical fibers, although the related business has not yet significantly impacted financial data [2] Group 3 - Hongteng Precision rose over 16% as the company plans to build an electric vehicle charging station factory in Saudi Arabia, accelerating its AI multi-product layout [3] Group 4 - China Rare Earth Holdings increased by nearly 9% due to an increase in reserves at the Mt Bundy project, with plans to spin off its gold business for a listing in Hong Kong [4] - The stablecoin concept saw most stocks rise, as Hong Kong is implementing a stablecoin issuer system, potentially benefiting third-party payment institutions. Duodian Smart rose by 4%, Yaocai Securities Financial increased by 5.85%, and OSL Group gained 5% [4] Group 5 - Haijia Medical rose over 6% after the founder Zhu Yiwen increased his stake by 1.6648 million shares [5] Group 6 - SenseTime rose over 3% after Goldman Sachs raised its expectations for the company's ToC business expansion, driven by generative AI promoting innovation in its business development [6] Group 7 - Tesla's robot order rumors were denied by Elon Musk, leading to a drop of over 7% for Sanhua Intelligent Controls [7] Group 8 - Fortior fell nearly 5% as shareholder Shanghai Huaxin plans to reduce its stake by no more than 3% [8]

Group 1: Market Performance - The Hang Seng Index rose by 0.12%, gaining 31 points to close at 26,576 points, while the Hang Seng Tech Index increased by 0.62% [1] - The early trading volume in the Hong Kong stock market reached HKD 179 billion [1] Group 2: Notable Stock Movements - Gaming stocks saw significant gains, with August Macau gaming revenue slightly exceeding expectations, and strong demand anticipated for the upcoming National Day holiday. Wynn Macau rose by 5.41%, Melco International Development increased by 5.85%, and Sands China gained 5% [1] - Weimob Group surged over 10% as the company plans to raise over HKD 1.5 billion through a share placement, with Wujie Capital becoming the largest single shareholder [1] - Ganfeng Lithium rose over 10%, stating that its energy storage cell production capacity is currently at full capacity [1] - Changfei Optical Fiber and Cable increased over 12%, reaching a new high, driven by market enthusiasm for hollow-core fiber, although the related business has not yet significantly impacted financial data [1] - Hongteng Precision surged over 16% after announcing plans to build an electric vehicle charging station factory in Saudi Arabia, with accelerated AI product layout [1] - China Rare Earth Holdings rose nearly 9% as the Mt Bundy project reported increased reserves, and the company plans to spin off its rare earth gold business for a Hong Kong listing [1] - Stablecoin-related stocks mostly rose, as Hong Kong implements a stablecoin issuer system, potentially benefiting third-party payment institutions. Duodian Smart rose by 4%, Yaocai Securities Financial increased by 5.85%, and OSL Group gained 5% [1] Group 3: Company-Specific Developments - Haijia Medical rose over 6% after founder Zhu Yiwen increased his stake by purchasing 1.6648 million shares [2] - SenseTime-W increased over 3% as Goldman Sachs raised its expectations for the company's ToC business expansion, driven by generative AI innovations [3] - Musk denied rumors of Tesla receiving an order for 10,000 robots, leading to a decline of over 7% in Sanhua Intelligent Controls [4] - Fortior fell nearly 5% as shareholder Shanghai Huaxin plans to reduce its stake by up to 3% [4]

Group 1 - The concept of stablecoins is experiencing an upward trend, with multiple companies showing significant stock price increases, such as Multi-Point Intelligence (02586) up 6.09% to HKD 10.46, and OSL Group (00863) up 5% to HKD 14.17 [1] - Hong Kong's Chief Executive, John Lee, announced in his policy address on September 17 that the Hong Kong Monetary Authority will promote commercial banks to launch tokenized deposits and facilitate the trading of real tokenized assets [1] - The report from Everbright Securities highlights the deep integration of third-party payment institutions in the payment service ecosystem, particularly in cross-border RMB settlement and multi-currency transactions, indicating a promising growth potential for revenue in third-party payment companies [1] Group 2 - The expected expansion of stablecoins is anticipated to drive the global expansion of RMB cross-border payment infrastructure and diversify application scenarios [1] - The regulatory sandbox will encourage banks to enhance risk management practices, which is crucial for the stability and growth of the tokenized asset market [1]

Core Viewpoint - The stablecoin concept is experiencing a rise in various companies, driven by the Hong Kong government's push for tokenized deposits and asset transactions [1] Group 1: Market Performance - Multiple companies in the stablecoin sector have seen significant stock price increases, including: - Multi-Point Intelligence (02586) up 6.09% to HKD 10.46 - Yao Cai Securities Financial (01428) up 5.85% to HKD 9.95 - OSL Group (00863) up 5% to HKD 14.17 - Lianyi Rong Technology-W (09959) up 3.07% to HKD 3.36 - Yunfeng Financial (00376) up 2.25% to HKD 5.9 [1] Group 2: Government Initiatives - On September 17, Hong Kong Chief Executive John Lee presented his fourth policy address, indicating that the Hong Kong Monetary Authority will promote commercial banks to launch tokenized deposits and facilitate real tokenized asset transactions [1] - The initiatives include using tokenized deposits for settling tokenized money market funds, assisting the government in normalizing tokenized bond issuance, and encouraging banks to enhance risk management through regulatory sandboxes [1] Group 3: Industry Outlook - According to Everbright Securities, third-party payment institutions have become deeply embedded in the payment service ecosystem, playing a crucial role in cross-border RMB settlement and multi-currency transactions [1] - The expectation is that stablecoins will drive the global expansion of RMB cross-border payment infrastructure and diversify application scenarios, leading to potential revenue growth for third-party payment companies [1]

Financial Performance - For the six months ended June 30, 2025, Dmall Inc. reported total revenue of approximately RMB 1,078 million, representing a year-on-year increase of 15% compared to RMB 939 million in the same period of 2024[18]. - The gross profit for the period was RMB 414 million, up from RMB 359 million in 2024, indicating a strong improvement in profitability[18]. - Profit for the period amounted to approximately RMB 62 million, a significant recovery from a loss of RMB 249 million in the previous year[18]. - Adjusted profit from continuing operations reached approximately RMB 77 million, compared to RMB 30 million in the same period of 2024, reflecting enhanced operational efficiency[18]. - Total revenue for the first half of 2025 reached approximately RMB 1,078 million, representing a year-on-year growth of 15%[22]. - Adjusted profit from continuing operations for the period was approximately RMB 77 million, with a net profit of about RMB 62 million[22]. - Overall profit for the period was RMB 62.2 million in the Reporting Period, compared to a loss of RMB 249.1 million in the six months ended June 30, 2024[137]. - The Group recorded a profit of RMB 62.2 million for the reporting period, compared to a loss of RMB 249.1 million for the six months ended June 30, 2024[139]. Assets and Liabilities - As of June 30, 2025, total assets were reported at RMB 1,399 million, while total liabilities decreased to RMB 766 million, improving the company's financial position[18]. - The adjusted liability-to-asset ratio as of June 30, 2025, was approximately 54.8%, down from approximately 61.4% as of December 31, 2024[154]. - Cash and cash equivalents decreased by approximately 29.4% to RMB565.9 million as of June 30, 2025, down from RMB801.0 million as of December 31, 2024, primarily due to repayment of bank loans and acquisition of non-controlling interests[155]. - Total outstanding bank loans and other borrowings decreased from RMB529.6 million as of December 31, 2024, to RMB369.3 million as of June 30, 2025[161]. Customer and Market Engagement - The group served a total of 438 customers during the reporting period, with a net revenue retention rate of 107%[25][26]. - The AI retail core solution business signed several new clients, including Shanghai Tangjiu Group and Xinjiang Wuika Times, while expanding cooperation with existing clients like Lawson and Pangdonglai[25][26]. - The number of customers for the AI retail core solution increased to 319 from 283 year-on-year, while the AI retail value-added service customers decreased to 160 from 200[28]. - The Group's AI retail value-added service has established efficient client cooperation links, deepening partnerships with over 400 stores[70][72]. Technological Innovation - Dmall Inc. advanced product upgrades and innovation driven by AI technology, launching its first overseas AI-powered Transportation Management System (TMS) during the reporting period[21]. - The company integrated AI coding tools into its R&D processes, enhancing efficiency and product iteration cycles across the entire team[21]. - The Group's focus on technology-driven innovation has laid a solid foundation for long-term future development and improved client competitiveness[20]. - Continuous product upgrades and technological advancements are being made to maintain an industry-leading standard of intelligent service[33]. - The AI retail core solution enhances operational efficiency and customer experience through a comprehensive digital transformation from supply chain management to store operations[36]. Strategic Partnerships and Expansion - A strategic cooperation agreement was signed with HashKey Group to collaborate on digital asset trading and blockchain ecosystem construction, including plans to apply for a stablecoin license[29][35]. - The Group successfully launched a WMS system for 7-Eleven Singapore, enhancing warehouse management efficiency in the Southeast Asian market[60]. - The Group's partnership with Xinjiang Wuika Times aims to support its digital transformation and enhance retail quality across over 10 cities in Xinjiang[58]. - New strategic cooperation established with Shanghai Tangjiu Group, focusing on comprehensive digital transformation in the food industry[54]. Revenue Breakdown - Revenue from AI retail core solution rose by 16.2% from RMB 419.8 million for the six months ended June 30, 2024, to RMB 487.9 million for the Reporting Period[87]. - Revenue from AI retail value added service increased by 13.7% from RMB 519.3 million for the six months ended June 30, 2024, to RMB 590.6 million for the Reporting Period[93]. - AI retail core solution accounted for 45.2% of total revenue, while AI retail value added service represented 54.8%[84]. Operational Efficiency - The Group is focused on enhancing operational efficiency and customer experience through AI technology integration in its retail solutions[33]. - The intelligent loss prevention solution helped recover over RMB 3 million in merchandise losses within one year, saving 30% in labor costs and increasing loss recovery efficiency by 60 times[66][67]. - The Dmall Fresh Produce Procurement System helps partners reduce procurement costs by an average of 15% and improve operational efficiency by 40% through five core functional modules[42][44]. Cost Management - Selling and marketing expenses increased by 47.7% from RMB 43.0 million to RMB 63.4 million, mainly due to higher professional service fees and increased marketing expenses[120]. - General and administration expenses rose by 4.4% from RMB 133.3 million to RMB 139.1 million, driven by increased outsourcing and labor costs[121]. - Research and development expenses decreased by 6.5% from RMB203.5 million for the six months ended June 30, 2024, to RMB190.3 million for the Reporting Period[124]. Future Outlook - The Group aims to maintain sustainable revenue growth while significantly enhancing its financial fundamentals[20]. - The Group aims to embrace AI and Web3 technologies, exploring potential new business opportunities in stablecoins and blockchain payments[78]. - The Group intends to fund future capital expenditures with existing cash balances and cash generated from operating activities[160].

Group 1 - The core viewpoint of the article highlights the launch of multiple AI products by Duodian Shuzhi (02586.hk) over the past year, including AI Smart Traffic, AI Smart Inspection, AI Clearance, and AI Cold Chain Intelligent Control [1] - The newly upgraded Xinhua Department Store in Wuzhong Wanda, set to open on September 19, will be the first to implement the latest AI Premium Solution, which integrates business strategies to enhance core categories and product competitiveness [1] - The AI Premium Solution utilizes big data and AI technology to analyze customer traffic in the store's business district, generating tailored sales plans that fundamentally change the operational logic of supermarkets and reshape the procurement and sales workflow [1] Group 2 - The solution aims to maximize the effectiveness of product categories and adapt to individual store needs, achieving a level of customization that was previously unattainable in traditional offline scenarios [1]