Core Viewpoint - Huijing Holdings (09968) expects a total loss of approximately RMB 602 million for the six months ending June 30, 2025, compared to a total loss of approximately RMB 335 million for the period ending December 31, 2024 [1] Financial Performance - The anticipated increase in total loss is primarily due to a net loss of approximately RMB 241 million for the current period [1] - The gross profit margin decreased from 26% for the year ending December 31, 2024, to 13.8% for the current period, attributed to changes in product and regional mix of properties delivered in 2025 and lower average selling prices of delivered properties [1] - Other expenses for the current period are approximately RMB 77.3 million, including foreign exchange losses of approximately RMB 32.5 million [1] - Financial costs for the current period are approximately RMB 134 million, which includes interest on bank and other borrowings (both overdue and current) of approximately RMB 76.9 million and overdue interest on senior notes of approximately RMB 57.4 million [1] - Income tax expenses for the current period are approximately RMB 30.8 million, including deferred tax related to land appreciation tax provisions of approximately RMB 25 million [1]

Core Viewpoint - China Wantong Garden (06966.HK) anticipates a significant shift from a profit of approximately RMB 7.28 million for the six months ending June 30, 2024, to a projected loss of between RMB 9 million to RMB 10 million for the six months ending June 30, 2025 [1] Financial Performance - The expected loss is primarily attributed to a decline in cemetery sales prices due to macroeconomic factors and cautious consumer spending, alongside a decrease in demand for funeral services, leading to reduced sales revenue [1] - The company’s subsidiary is facing increased tax costs due to tax-related issues, including additional VAT and surcharges paid following notifications from tax authorities regarding past periods [1] - There is also a decline in the fair value of financial assets held at fair value through profit or loss [1]

Core Viewpoint - Hengxin Technology (01085) anticipates a significant net loss attributable to equity shareholders of approximately RMB 68 million for the six months ending June 30, 2025, compared to a net profit of RMB 26.6 million in the same period last year [1] Financial Performance - The company expects its unaudited operating profit to decline by approximately 50% to 60% compared to the six months ending June 30, 2024, projecting an operating profit between RMB 33.74 million and RMB 26.99 million [1] - The decrease in operating profit is attributed to a decline in revenue and a decrease in the group's gross profit margin compared to the same period last year [1] Cost Factors - The anticipated net loss is also influenced by increased interest expenses and income tax during the reporting period compared to the previous year [1]

Group 1 - The company expects a significant decrease in profit attributable to shareholders for the six months ending June 30, 2025, with an estimated reduction of up to 80% compared to the same period in 2024, translating to a profit of approximately RMB 33.9 million [1] - The anticipated decline in profit is primarily attributed to the adverse effects of a sluggish macroeconomic environment and market sentiment, which have negatively impacted automotive sales revenue [1] - This decrease in automotive sales revenue has further led to a decline in both gross profit and gross profit margin during the period [1]

Core Viewpoint - 瑞昌国际控股预计在截至2025年6月30日的六个月内将录得约人民币3800万元的净亏损，而在截至2024年6月30日的六个月内则实现了约人民币1150万元的净利润 [1] Financial Performance - 预计本期间的净亏损主要由于产品销售额减少，导致总收入和毛利下降 [1] - 相关客户暂时搁置若干材料销售订单是导致销售额减少的主要原因 [1] - 市场竞争日益激烈，导致毛利率下降 [1] - 销售、研发及行政开支增加也对财务表现产生了负面影响 [1]

Group 1 - The company, Great China Holdings, expects to incur a loss of approximately HKD 42 million to HKD 44 million in the first half of 2025, compared to a profit of HKD 8.12 million in the same period last year [1] - The anticipated loss is primarily attributed to a foreign exchange loss of about HKD 27 million during the period, in contrast to a foreign exchange gain of approximately HKD 19.39 million in the previous year [1]

Group 1 - The company, Hailong Holdings (01623), announced an expected net loss of approximately RMB 310 million to RMB 340 million for the six months ending June 30, 2025, compared to a profit of about RMB 46.6 million for the six months ending June 30, 2024 [1] - The shift from profit to loss is primarily attributed to the remeasurement of a vessel classified as held for sale, which incurred losses [1] - Aside from the aforementioned factors, the company's business operations remain stable and have not been significantly affected [1]

Core Viewpoint - Tianyuan Group (06119.HK) expects a significant decrease in profit attributable to shareholders for the six months ending June 30, 2025, with an anticipated unaudited profit of approximately RMB 4.9 million, down about 60% from approximately RMB 12.3 million in the same period of 2024 [1] Summary by Relevant Categories Financial Performance - The unaudited profit for the upcoming period is projected to be around RMB 4.9 million, a decrease of approximately 60% compared to the previous year's figure of RMB 12.3 million [1] Revenue Drivers - The decline in profit is primarily attributed to a decrease in overall demand, which has led to reduced revenue during the period [1] - Additionally, other income has decreased mainly due to lower gains from crude oil futures contracts compared to the same period last year [1]

Group 1 - The company EDA Group Holdings (02505) expects to achieve a net profit of approximately RMB 18 million to RMB 21 million for the six months ending June 30, 2025, representing a decline of 30%-40% compared to the same period in 2024 [1] - The adjusted net profit (non-Hong Kong Financial Reporting Standards) is anticipated to be around RMB 20 million to RMB 25 million, reflecting a decrease of 55%-65% year-on-year [1] - The primary reasons for the decline include increased operating costs due to new overseas warehouse leases, adjustments in tariff policies leading to market uncertainty and intensified competition, and rising overseas logistics and labor costs [1] Group 2 - The company indicates that the new overseas warehouses will take time to become profitable, resulting in a significant increase in gross margin pressure due to the amortization of related right-of-use assets [1] - The adjustment in tariff policies has contributed to a more uncertain market environment, leading to a continuous decline in order prices [1] - Overall costs have surged due to increases in overseas logistics and labor expenses, further impacting profitability [1]

Core Viewpoint - The company, Baofa Holdings (08532), anticipates a significant financial loss for the fiscal year ending March 31, 2025, with an expected gross loss of approximately HKD 91.2 million, contrasting with a gross profit of about HKD 24.1 million for the fiscal year ending March 31, 2024 [1] Financial Performance - The expected gross loss for the upcoming fiscal year is projected to be at least HKD 91.2 million [1] - For the fiscal year ending March 31, 2024, the company reported a gross profit of approximately HKD 24.1 million [1] - The anticipated loss attributable to equity holders of the company will not be less than approximately HKD 114.7 million, compared to a profit of about HKD 1.2 million in the previous year [1] Contributing Factors - The decline in revenue from the installation of curtain wall systems in Hong Kong is a major factor contributing to the expected gross loss [1] - Increased employee retention costs due to project delays have also impacted financial performance [1] - The company faced high defect repair costs due to substandard construction quality as a subcontractor [1] - Several subcontractors withdrew from unfinished projects, leading to higher labor costs for the company as it took over the completion of these projects [1]