Core Viewpoint - The company, Diou Home Group Co., Ltd., is expected to report a significant loss in the first half of 2025, leading to a downgrade in its credit rating by Dongfang Jincheng International Credit Rating Co., Ltd. [1][2] Financial Performance - Diou Home Group anticipates a net loss attributable to shareholders of between 75 million yuan and 95 million yuan for the first half of 2025, which represents an increase in losses compared to the same period last year [1][2]. - The increase in credit impairment losses is attributed to the aging structure of receivables and specific provisions made during the period [2]. - The deferred income tax expense has increased compared to the previous year due to the reversal of impairment provisions related to non-cash asset settlements and asset disposals [2]. Fund Utilization - The company has decided to change the use of funds raised from the issuance of "Diou Convertible Bonds," reallocating 47.65843 million yuan of surplus funds to permanently supplement working capital [3]. - This decision was approved by the company's fourth extraordinary general meeting of 2025 and the first bondholders' meeting for "Diou Convertible Bonds" in 2025 [3].

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。 （股份代號：588） 有關二零二五年半年度業績預虧公告的進一步公告 本公告由北京北辰實業股份有限公司（「本公司」）根據香港聯合交易所有限公司證 券上市規則（「上市規則」）第13.09條及第13.10B條，以及《證券及期貨條例》（香港 法例第571章）（「證券及期貨條例」）第XIVA部項下的內幕消息條文作出。 茲提述本公司日期為二零二五年七月十四日內容有關本公司二零二五年半年度業 績預虧公告（「該公告」）。除另有界定者外，本公告所用詞彙與該公告所界定者具 有相同涵義。 董事會謹此進一步知會本公司股東及潛在投資者，根據對本集團期間未經審核綜 合管理賬目及其他現有資料的初步評估，由於本集團重估投資物業之預期公平值 變動虧損為約人民幣15,241萬元到人民幣18,837萬元，預計二零二五年上半年的 本公司所有者之應佔淨虧損為約人民幣156,600萬元到人民幣193,900萬元，而二 零二四年上半年的本公司所有者 ...

Group 1 - The company Demingli (001309.SZ) announced a share reduction plan by its controlling shareholders Li Hu and Tian Hua, intending to reduce a total of up to 5,700,000 shares, accounting for 2.51% of the total share capital [1] - Li Hu plans to reduce up to 5,480,000 shares (2.41% of total share capital), while Tian Hua plans to reduce up to 220,000 shares (0.10% of total share capital) [1] - As of March 31, 2025, Li Hu holds 83,586,629 shares (36.84% of total share capital), making him the controlling shareholder of Demingli [1] Group 2 - Demingli's performance forecast for the first half of 2025 indicates a net loss attributable to shareholders of between 80 million and 120 million yuan, a decrease of 120.64% to 130.96% compared to a profit of 38,764.72 million yuan in the same period last year [2] - The company reported a net loss of 84.5 million to 124.5 million yuan after excluding non-recurring gains and losses, compared to a profit of 36,997.57 million yuan in the previous year, reflecting a decrease of 122.84% to 133.65% [2] - As of March 31, 2025, the total number of pledged shares by major shareholders Li Hu, Wei Hongzhang, and Xu Daiqun is 22,171,000 shares, accounting for 13.71% of Demingli's total share capital [2] Group 3 - Demingli raised a total of 530.8 million yuan through its initial public offering, with a net amount of 455.89 million yuan after expenses [3] - The funds were intended for technology upgrades in 3D NAND flash memory control chips, SSD control chip development, and the establishment of a research and development center [3] - The total issuance costs for the IPO amounted to 74.91 million yuan, with underwriting and sponsorship fees of 44.81 million yuan [4] Group 4 - In 2024, Demingli issued 13,029,608 shares at a price of 75.95 yuan per share, raising a total of approximately 989.6 million yuan, with a net amount of about 972 million yuan after deducting issuance costs [4] - The issuance was approved by the China Securities Regulatory Commission, and the funds were verified by a certified public accountant [4] - The total amount raised from both the IPO and the subsequent issuance is approximately 1.52 billion yuan [5]

Core Viewpoint - Jihua Group has faced regulatory scrutiny due to alleged violations of information disclosure, leading to an investigation by the China Securities Regulatory Commission (CSRC) [2][4] Group 1: Company Overview - Jihua Group's stock price recently reached 5.28 yuan, with a market capitalization of 23.188 billion yuan, and has seen an increase of over 85% in stock price this year [1] - The company is primarily engaged in the production and supply of military and police equipment [1][4] Group 2: Regulatory Issues - On August 8, 2025, Jihua Group received a notice from the CSRC regarding the initiation of an investigation for suspected information disclosure violations [2] - The company has a history of disciplinary actions, including a reprimand from the Shanghai Stock Exchange for failing to disclose relevant borrowing matters and not following proper procedures for project delays [7][11] Group 3: Financial Performance - Jihua Group reported a projected net loss of 60 million to 80 million yuan for the first half of 2025, following a significant loss of 4.228 billion yuan in 2024 [12][14] - The company's revenue for 2024 was 9.886 billion yuan, a decrease of 14.49% year-on-year, with a net profit decline of 2,418.90% compared to the previous year [14][15] - The decline in revenue is attributed to reduced orders from key clients and high fixed costs due to underutilized capacity [14][16]

Core Viewpoint - The company, Lancang Ancient Tea, anticipates a significant decline in revenue and a shift from profit to loss for the reporting period ending June 30, 2025, primarily due to slow recovery in the consumer market and internal management adjustments [1] Revenue Summary - The expected revenue for the reporting period is projected to be between 117 million to 120 million yuan, representing a year-on-year decrease of approximately 38.5% to 40.0% [1] - The decline in revenue is attributed to the sluggish recovery of the terminal consumer market, which continues to impact the operations and sales of physical stores [1] Profitability Summary - The company anticipates a net loss of approximately 28 million to 32 million yuan for the reporting period, a significant drop from a profit of 5.1 million yuan recorded in the same period ending June 30, 2024 [1] - The board attributes the loss primarily to the decrease in operating income [1] Management and Strategy Summary - The decline in business performance is also linked to management adjustments that required time for transition, alongside resource allocation for evaluating and adjusting the group's operational and management strategies [1]

Core Viewpoint - Jihua Group (601718.SH) has faced regulatory scrutiny due to alleged violations of information disclosure, leading to an investigation by the China Securities Regulatory Commission (CSRC) [1][4] Group 1: Company Overview - Jihua Group is involved in the production and supply of military supplies for the army and armed police forces [1] - The company's stock price has increased by over 85% this year, with more than 100,000 shareholders as of the end of Q1 [1] Group 2: Regulatory Issues - On August 8, 2025, Jihua Group received a notice from the CSRC regarding the investigation for information disclosure violations [4] - The company has previously faced disciplinary actions from the Shanghai Stock Exchange for failing to disclose relevant borrowing matters and not following proper procedures for project delays [9][13] Group 3: Financial Performance - Jihua Group reported a projected net loss of between 60 million to 80 million yuan for the first half of 2025, compared to a net loss of approximately 1.88 million yuan in the same period last year [14][16] - In 2024, the company experienced a significant net loss of 4.23 billion yuan, with total revenue declining by 14.49% to 9.89 billion yuan [16][17] - The decline in revenue is attributed to reduced orders from key clients and high fixed costs due to underutilized capacity [16][18]

Group 1 - The stock price of Zhongbai Group reached 7.47 yuan as of August 8, 2025, reflecting an increase of 0.54% from the previous trading day [1] - The company operates in the commercial retail sector, focusing on chain supermarkets, convenience stores, and comprehensive shopping centers, primarily in Hubei Province while also expanding to other regions [1] - According to the mid-year performance forecast for 2025, Zhongbai Group expects a net loss attributable to shareholders of between 290 million yuan and 213 million yuan for the first half of the year [1] Group 2 - The anticipated loss is attributed to intensified industry competition, channel diversion leading to reduced foot traffic in physical stores, and heavy burdens from fixed costs such as labor and depreciation [1] - On August 8, 2025, the net inflow of main funds was 18.6454 million yuan, with a cumulative net inflow of 15.4875 million yuan over the past five days [1]

Core Viewpoint - Tianyi New Materials announced a projected loss of 190 million to 240 million yuan for the first half of the year, reflecting broader challenges in various industries [1] Group 1: Company Performance - A total of 1,563 companies have released performance forecasts for the first half of the year, with 655 companies expecting losses [1] - Among the companies projecting losses, Vanke A is expected to incur the largest loss, estimated between 10 billion to 12 billion yuan [2] - Other companies with significant projected losses include Huaxia Happiness, with an expected loss of 5.5 billion to 7.5 billion yuan, and Tongwei Co., with an expected loss of 4.9 billion to 5.2 billion yuan [2] Group 2: Industry Analysis - The industries with the highest number of companies projecting losses include computer, basic chemicals, and real estate, with 51, 48, and 47 companies respectively [1] - The main board has 641 companies forecasting losses, while the ChiNext and Sci-Tech Innovation boards have 6 companies each [2] - The majority of companies projecting losses have been listed for over 5 years, with 614 such companies, indicating a potential trend of long-term challenges in these sectors [2]

Core Viewpoint - *ST Yun Chuang is expected to report a net loss attributable to shareholders of 21 to 26 million yuan for the first half of 2025, representing an increase of 24.58% to 54.24% compared to the same period last year, where the loss was 16.8572 million yuan [2] Financial Performance - The company anticipates a significant decline in revenue due to a shrinking market demand, reduced project numbers, and slower project implementation progress [2] - The projected net loss for H1 2025 is between 21 million and 26 million yuan, which is a substantial increase from the previous year's loss [2] Regulatory Issues - The company received a notice from the China Securities Regulatory Commission (CSRC) on April 27, 2025, regarding an investigation into suspected violations of information disclosure laws [2] - As of the date of the announcement, the investigation by the CSRC is ongoing, and the company has not received any conclusive opinions or decisions regarding the investigation [2] - The company is actively cooperating with the CSRC during the investigation period [2]

Performance Forecast - The company expects to achieve an operating income of approximately 21 million yuan for the first half of 2025, with a net profit attributable to shareholders ranging from -19 million to -23 million yuan, representing a year-on-year decline of 6.35% to 28.74% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -27 million and -31 million yuan, reflecting a year-on-year decrease of 4.78% to 20.30% [1] Previous Year Performance - In the same period last year, the net profit attributable to shareholders was -17.87 million yuan, and the net profit after deducting non-recurring gains and losses was -25.77 million yuan [1] Reasons for Performance Decline - The significant decline in operating income, approximately 59.31% year-on-year, is primarily due to a 65.89% drop in revenue from optical targets and simulation systems, as ongoing system-level projects are still in production and adjustment stages, delaying delivery and acceptance [1] - The decrease in operating income has led to insufficient gross profit to cover various expenses, resulting in a net loss for the period [1] - Despite the revenue drop, the company has improved operational quality, with total sales, management, and R&D expenses decreasing year-on-year, and credit impairment losses reduced by approximately 121.20% [1]