Core Points - The company reported a significant decline in revenue and net profit for the third quarter of 2025, primarily due to a decrease in overseas customer orders [3][4] - The stock price of the company remained stable at 4.09 yuan with a trading volume of 371,300 shares on October 31, 2025 [1] - The net inflow of main funds was 3.80 million yuan, while retail investors saw a net inflow of 6.45 million yuan on the same day [2][4] Financial Performance - The company's operating income for the third quarter was 184.18 million yuan, representing a year-on-year decrease of 38.78% [3] - The total profit for the period was a loss of 8.36 million yuan, and the net profit attributable to shareholders was a loss of 9.99 million yuan [3][4] - Year-to-date revenue was 581.62 million yuan, down 21.00% compared to the same period last year [3][4] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was 20.39 million yuan, a decrease of 67.21% compared to the previous year [3][13] - Total assets as of September 30, 2025, were 3.09 billion yuan, slightly down from 3.11 billion yuan at the end of 2024 [3][9] - The company's total liabilities were 462.20 million yuan, with total equity attributable to shareholders at 2.43 billion yuan [10] Shareholder Information - The largest shareholder, Xinyu Minjie Investment Management Co., Ltd., holds 25.06% of the shares [4][6] - The total number of ordinary shareholders at the end of the reporting period was 56,587 [6] - Zhao Shuwen and Yan Yimin are identified as acting in concert with the largest shareholder [7]

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。 海通恆信國際融資租賃股份有限公司 Haitong Unitrust International Financial Leasing Co., Ltd. （於中華人民共和國註冊成立的股份有限公司） （股份代號：1905） 2025 年第三季度財務數據概要 本公告乃海通恆信國際融資租賃股份有限公司（「本公司」）根據香港法例第571章《證券及 期貨條例》第XIVA部的內幕消息條文（定義見《香港聯合交易所有限公司證券上市規則》） （「上市規則」）及上市規則第13.09及13.10B條而發出。 根據中華人民共和國（「中國」）的有關法例規定，於中國銀行間市場發行的各項債務融 資工具存續期期間，本公司須在每年10月31日或之前披露該年度第三季度財務報表。 隨附的財務報表乃本公司及其附屬公司（「本集團」）以及本公司（不包括其附屬公司）於 北京金融資產交易所(www.cfae.cn )、上海清算所(www.shclear ...

Group 1 - Boeing reported a core loss per share of $7.47 for the third quarter [1] - The adjusted free cash flow for the third quarter was $238 million, compared to an expected negative cash flow of $884.1 million [1] - Boeing's stock fell 0.64% in pre-market trading [1]

Core Viewpoint - The company has disclosed its third-quarter financial report, highlighting significant changes in key financial metrics and governance updates. Financial Data Summary - Cash and cash equivalents increased by 33.47% compared to the beginning of the period, primarily due to the recovery of receivables and new borrowings [4] - Accounts receivable decreased by 51.80%, mainly due to a reduction in customer shipment volumes [5] - Financing receivables increased by 141.80%, attributed to an increase in notes receivable [5] - Prepayments rose by 39.36%, mainly due to new advance payments for materials [6] - Right-of-use assets decreased by 52.84%, due to depreciation [7] - Development expenditures increased by 111.58%, reflecting higher capitalized internal R&D spending [7] - Contract liabilities increased by 40.89%, due to an increase in advance payments for goods [9] - Tax payable decreased by 46.48%, mainly due to a reduction in value-added tax payable [10] - Total equity attributable to shareholders decreased by 55.91%, primarily due to losses incurred during the period [14] - Investment income decreased by 79.21%, mainly due to increased investment losses from Fujian Fuzhao Semiconductor Co., Ltd. [15] - Operating cash inflows decreased by 45.20%, attributed to a reduction in received payments [18] - Net cash flow from operating activities decreased by 115.33%, due to a decline in cash received from customers [19] Governance and Corporate Actions - The company held its ninth board meeting on January 21, 2025, where the appointment of a new board secretary was approved [21] - The company announced a short-term borrowing agreement with its controlling shareholder, totaling RMB 241.14 million, which has been fully repaid [24] - The company’s board approved a financing limit for 2025, allowing for various financing activities with its subsidiaries [26] - The company held its annual general meeting on July 15, 2025, where several governance proposals were approved, including amendments to the company’s articles of association [29]

Core Insights - The company reported a main revenue of 1.106 billion yuan for the first half of 2025, representing a year-on-year increase of 6.31% [1] - The net profit attributable to shareholders reached 123 million yuan, up 37.28% year-on-year [1] - The non-recurring net profit was 119 million yuan, reflecting a 41.15% increase compared to the previous year [1] Financial Performance - In Q2 2025, the company achieved a single-quarter main revenue of 571 million yuan, which is a 14.95% increase year-on-year [1] - The single-quarter net profit attributable to shareholders was 78.6884 million yuan, marking a 40.56% year-on-year growth [1] - The single-quarter non-recurring net profit for Q2 was 74.0692 million yuan, showing a significant increase of 49.55% year-on-year [1] Profitability Metrics - The company's debt ratio stands at 43.04% [1] - Investment income amounted to 6.4047 million yuan, while financial expenses were 4.2018 million yuan [1] - The gross profit margin is reported at 35.13%, which is a decrease of 8.42% year-on-year [7] Earnings Per Share - Earnings per share (EPS) is reported at 0.29 yuan, reflecting a year-on-year increase of 35.58% [7] - The operating cash flow per share is 0.88 yuan, showing a remarkable increase of 801.25% year-on-year [7] Shareholder Information - The largest shareholder is COLIBRI TECHNOLOGIES PTE LTD, holding 200 million shares, which accounts for 37.79% of the total [11] - Other significant shareholders include Shenzhen Huamiao Investment Co., Ltd. and Qingdao Yingnuo Investment Co., Ltd., holding 62.53 million shares (15.25%) and 30.16 million shares (7.35%) respectively [11]

Core Insights - The company reported a significant increase in revenue and profit for the first half of 2025, with total revenue reaching 5.299 billion yuan, a year-on-year increase of 66.82% [1] - The net profit attributable to shareholders was 38.7062 million yuan, up 136.71% year-on-year, indicating strong growth in profitability [1] - The company also saw substantial growth in its second-quarter performance, with revenue of 2.799 billion yuan, a 40.91% increase year-on-year, and net profit of 20.5053 million yuan, up 291.92% [1] Financial Performance - The company's main revenue for the first half of 2025 was 5.299 billion yuan, with a gross profit margin of 6.51%, reflecting a year-on-year increase of 295.46% [1][8] - The net profit for the first half was 38.7062 million yuan, with a non-recurring net profit of 11.7014 million yuan, both showing significant year-on-year growth of 136.71% and 110.17% respectively [1][5] - The second quarter's net profit was 20.5053 million yuan, with a non-recurring net profit of 5.8144 million yuan, marking increases of 291.92% and 152.21% year-on-year [1][5] Debt and Financial Health - The company's debt ratio stood at 73.55%, indicating a relatively high level of leverage [1] - Financial income was reported at 3.9198 million yuan, while financial expenses amounted to 138 million yuan [1] Shareholder Information - The largest shareholder is Gansu Tuozhen Equity Investment Fund Partnership, holding 60.79 million shares, which is 16.23% of the total [12] - Other significant shareholders include Jiujiang Fuhua Construction Investment Group and Jiujiang Kuntai Equity Investment Fund Management, holding 6.46% and 4.46% respectively [12]

Company Overview - Bid International Holdings Limited was established in 2004 and has developed into a mature IT solutions provider in Thailand, primarily serving financial institutions and government departments [2] - The company has undertaken several large government projects, including an ATM project in 2006, a tsunami detection system in 2010, and a satellite system project in 2014 [2] - The headquarters is located in Bangkok, aiming to secure various projects with different timelines and profitability to build a strong and sustainable business [2] Financial Performance - As of December 31, 2024, Bid International Holdings reported total revenue of 23.23 million yuan, a decrease of 77.5% year-on-year [1] - The net profit attributable to the parent company was -60.93 million yuan, a year-on-year decrease of 3724.02% [1] - The gross profit margin stood at 22%, and the debt-to-asset ratio was 70.54% [1] Stock Performance - As of August 12, the Hang Seng Index rose by 0.25%, closing at 24,969.68 points [1] - Bid International Holdings' stock price closed at 0.325 HKD per share, an increase of 60.89%, with a trading volume of 76.8465 million shares and a turnover of 22.1971 million HKD [1] - Over the past month, the stock has seen a cumulative increase of 184.51%, and a year-to-date increase of 188.57%, outperforming the Hang Seng Index by 24.16% [1] Valuation Metrics - The average price-to-earnings (P/E) ratio for the software services industry (TTM) is -5.62 times, with a median of -2.56 times [1] - Bid International Holdings has a P/E ratio of -2.46 times, ranking 136th in the industry [1] - Other companies in the industry include Jingtou Transportation Technology (4.07 times), Chanyou Technology (5.27 times), and others with P/E ratios ranging from 5.69 to 6.39 times [1] Upcoming Events - The company is scheduled to disclose its mid-year report for the fiscal year 2025 on August 28, 2025 [3] - On August 8, 2025, the company plans to issue 160 million new shares, representing 16.67% of the enlarged share capital, at a subscription price of 0.11 HKD per share, which is a 17.69% discount to the previous closing price [3]

Group 1 - The Hang Seng Index closed at 23,157.97 points, down 0.57% on June 2 [1] - Zhengli Holdings (03728.HK) closed at HKD 0.036 per share, up 16.13%, with a trading volume of 380,000 shares and a turnover of HKD 13,500 [1] - Over the past month, Zhengli Holdings has seen a cumulative increase of 3.33%, but a year-to-date decline of 24.39%, underperforming the Hang Seng Index by 16.1% [1] Group 2 - For the fiscal year ending September 30, 2024, Zhengli Holdings reported total revenue of HKD 517 million, a year-on-year increase of 28.8% [1] - The net profit attributable to shareholders was HKD 3.3952 million, reflecting a year-on-year growth of 10.02% [1] - The company's gross profit margin stands at 6.87%, with a debt-to-asset ratio of 79.25% [1] Group 3 - Currently, there are no institutional investment ratings for Zhengli Holdings [2] - The average price-to-earnings (P/E) ratio for the construction industry (TTM) is 8.82 times, with a median of 1.6 times [2] - Zhengli Holdings has a P/E ratio of 2.85 times, ranking 10th in the industry [2] Group 4 - Zhengli Holdings is a listed company on the Hong Kong Stock Exchange (stock code: 3728) and has been operating since 1998 [2] - The company provides a range of services including substructure construction, superstructure construction, maintenance, renovation, and extension works [2] - Zhengli Holdings boasts an experienced management team with extensive knowledge in construction and project management [2]

Financial Performance - The company reported basic earnings per share of 0.0600 yuan for Q1 2025, unchanged from Q1 2024, and an increase from 0.0500 yuan in Q1 2023 [1] - The net asset per share increased to 7.45 yuan in Q1 2025, representing a 5.82% increase compared to 7.04 yuan in Q1 2024 and up from 6.63 yuan in Q1 2023 [1] - The company's operating revenue reached 1.22 billion yuan in Q1 2025, a 15.09% increase from 1.06 billion yuan in Q1 2024 and up from 0.97 billion yuan in Q1 2023 [1] - Net profit remained stable at 0.07 billion yuan for both Q1 2025 and Q1 2024, with an increase from 0.06 billion yuan in Q1 2023 [1] - The return on equity (ROE) was reported at 0.82% for Q1 2025, unchanged from Q1 2024, and an increase from 0.74% in Q1 2023 [1] Shareholder Structure - The top ten unrestricted shareholders collectively hold 74.77 million shares, accounting for 61.62% of the circulating shares, with an increase of 1.1495 million shares compared to the previous period [1] - Shandong Supply and Marketing Group Co., Ltd. remains the largest shareholder with 70.86 million shares, representing 58.39% of total share capital, unchanged from the previous period [2] - Liu Jianhui increased his holdings by 54.99 million shares to 1.0999 million shares, now accounting for 0.91% of total share capital [2] - New entrants to the top ten shareholders include CITIC Prudential Multi-Strategy Mixed Fund (LOF) A with 0.763 million shares and Goldman Sachs LLC with 0.2556 million shares [2] - Several shareholders exited the top ten list, including Liu Mingxia, Cui Baohua, and Bao Bangyu [2] Dividend Policy - The company has decided not to distribute dividends or transfer shares in the current period [3]

Financial Performance - The company reported a basic earnings per share of 0.0190 yuan for Q1 2025, a significant increase of 458.82% compared to 0.0034 yuan in Q1 2024, and a recovery from a loss of -0.0228 yuan in Q1 2023 [1] - Net profit for Q1 2025 was 0.03 billion yuan, up 200% from 0.01 billion yuan in Q1 2024, and a recovery from a loss of -0.04 billion yuan in Q1 2023 [1] - The return on equity (ROE) improved to 0.59% in Q1 2025, a substantial increase of 436.36% from 0.11% in Q1 2024, and a recovery from -0.62% in Q1 2023 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 74.2048 million shares, accounting for 49.57% of the circulating shares, which is a decrease of 4.6576 million shares from the previous period [1] - The largest shareholder, Shen Wanzhong, holds 48.062 million shares, representing 32.10% of the total share capital, with no change in holdings [2] - New entrants to the top ten shareholders include Chen Xiaohui, who holds 2.08 million shares (1.39% of total shares), while Dai Xuerong exited with a decrease of 1.1896 million shares [2] Dividend Policy - The company has announced that it will not distribute dividends or transfer shares this time [3]