Core Viewpoint - Dynasty Fine Wines Group (00828) expects to report an unaudited consolidated profit range of approximately HKD 7.4 million to HKD 9.3 million for the first half of 2025, representing a year-on-year decrease of about 50% to 60% [1] Group Summary - The decline in profit is primarily attributed to two factors: 1) A moderate decrease in sales revenue due to fluctuations in the Chinese macroeconomic and consumer market, leading to reduced operating profit [1] 2) Increased marketing and promotional expenses [1] - The company is closely monitoring market conditions and has adjusted its business strategy to mitigate negative impacts on operations [1] - The company has also strengthened cost control measures and taken appropriate actions in a timely manner [1]

Group 1 - The company, Shanghai Pioneer Holdings (01345.HK), expects a significant decline in net profit for the six months ending June 30, 2025, projecting a decrease of approximately 45% to 48% compared to the same period last year, which recorded a net profit of RMB 879 million [1] - The primary reason for this decline is a substantial reduction in government subsidies received during the reporting period, which decreased by over RMB 300 million compared to the same period last year [1]