Core Viewpoint - Mingfa Group (00846) anticipates a loss of approximately RMB 200 million to 300 million in the first half of 2025, while expecting a profit of about RMB 6.7 million in the first half of 2024 [1] Financial Performance - The board attributes the expected loss during the reporting period primarily to valuation losses on investment properties and a decrease in revenue [1] - For the six months ending June 30, 2025, the decline in investment property valuation is mainly due to the overall drop in market value of commercial properties in China [1]

Core Viewpoint - The company anticipates a net loss of approximately HKD 7 million to HKD 8 million for the six months ending June 30, 2025, a significant decline from a net profit of HKD 7.5 million for the same period in 2024 [1] Summary by Relevant Categories Financial Performance - The expected net loss for the upcoming period is projected to be between HKD 7 million and HKD 8 million, contrasting with a net profit of HKD 7.5 million in the previous year [1] Factors Influencing Performance - The decline in gross profit during the reporting period is attributed to an increase in promotional discounts [1] - There has been a rise in advertising and promotional expenses, which includes online and offline advertising as well as hiring artists and KOLs [1] - Employee costs have increased due to higher salaries, wages, and other benefits [1]

董事会认为，上述预期净亏损主要由于以下原因(其中包括)：(i)期内毛利减少，主要是由于销售成本增 加;(ii)包括研发开支在内的行政费用增加;及(iii)由于收入和相应贸易应收账款增加，贸易应收账款和其 他金融资产减值损失准备增加。 多想云(06696)公布，预期该集团于2025年上半年取得净亏损不少于6000万元人民币，而2024年上半年 净溢利约为720万元人民币。 ...

Core Viewpoint - The company, Duoxiangyun (06696), anticipates a net loss of no less than 60 million RMB in the first half of 2025, contrasting with a net profit of approximately 7.2 million RMB in the first half of 2024 [1] Summary by Relevant Categories Financial Performance - The expected net loss for the first half of 2025 is projected to be at least 60 million RMB [1] - In comparison, the net profit for the first half of 2024 was around 7.2 million RMB [1] Reasons for Financial Outlook - The anticipated net loss is primarily attributed to several factors: - A decrease in gross profit, mainly due to an increase in sales costs [1] - An increase in administrative expenses, including research and development costs [1] - An increase in trade receivables and corresponding impairment losses on trade receivables and other financial assets due to rising revenue [1]