本期间亏损收窄至约6880万港元(2024年同期：亏损约1.35亿港元)。亏损减少反映集团在充满挑战的零 售环境及持续投资数字基础建设的同时，仍能实施严谨的成本管理及维持营运效率。 格隆汇2月27日丨卓悦控股(00653.HK)公布截至2025年12月31日止六个月之中期业绩。截至2025年12月 31日止六个月(「期内」)，卓悦控股有限公司(「公司」)及其附属公司(统称「卓悦」或「集团」)录得收 入约1230万港元，而2024年同期则约为2480万港元，相当于减少50.4%。此减少反映于本期内并无录得 于去年同期曾进行的若干交易，此乃由于跨境贸易格局持续演变所致。 ...

Core Viewpoint - *ST Lifan has announced the completion of its self-examination regarding stock price fluctuations and will resume trading on February 11, 2026, after a suspension period [1][3]. Group 1: Stock Price and Trading Risks - The company warns that its stock price has significantly deviated from its fundamental situation, indicating risks of market overreaction and irrational speculation [5][7]. - During the trading period from January 20, 2026, to February 5, 2026, the stock experienced a price increase of 314.93%, with 7 out of 10 trading days hitting the daily limit [5]. - The company may apply for another trading suspension if its stock price experiences further abnormal increases [7]. Group 2: Regulatory and Financial Concerns - *ST Lifan is at risk of being delisted due to significant legal violations, as indicated by a notice from the China Securities Regulatory Commission [9]. - The company reported that its 2021 and 2022 annual reports contained false records, with a total inflated revenue of approximately 592 million, accounting for 50.91% of the disclosed annual revenue for those years [9]. - For the year 2025, the company anticipates a net loss of between 180 million to 210 million [9].

Group 1 - The core announcement is that *ST Lifan's stock will resume trading on February 11, 2026, after completing an internal review regarding stock price fluctuations during its suspension [1][2] - The company warns that its stock price has significantly deviated from its fundamental situation, indicating risks of market overreaction and irrational speculation [4][6] - During the 10 trading days from January 20 to February 5, 2026, excluding 3 days of suspension, the stock experienced a price increase of 314.93%, with 7 days hitting the daily limit [4][6] Group 2 - The company has been under scrutiny for potential major violations that could lead to forced delisting, as indicated by a notice from the China Securities Regulatory Commission [7] - The notice revealed that the company had false records in its annual reports for 2021, 2022, and 2023, with a total of approximately 592 million yuan in inflated revenue, accounting for 50.91% of the reported revenue for those years [7] - The company is projected to report a net loss of between 180 million to 210 million yuan for the year 2025, continuing a trend of consecutive annual losses [7] Group 3 - As of February 5, 2026, *ST Lifan's stock price was 1.03 yuan per share, with a total market capitalization of 1.8 billion yuan [9]

Core Viewpoint - *ST Lifan's stock price has significantly deviated from its fundamental situation, leading to a trading suspension for up to five trading days starting February 6, 2025 [1] Group 1: Stock Performance and Trading Suspension - *ST Lifan's stock experienced a 314.93% increase over 10 trading days, with 7 days hitting the 20% daily limit up [1] - The company announced a trading suspension due to abnormal stock price fluctuations, with a maximum suspension period of five trading days [1] Group 2: Regulatory Issues - The company received an administrative penalty notice from the Anhui Securities Regulatory Bureau, indicating potential major illegal delisting circumstances [3] - The notice revealed that the company's annual reports for 2021, 2022, and 2023 contained false records, with a total false revenue amount of approximately 592 million yuan, accounting for 50.91% of the reported annual revenue for those years [3] Group 3: Business Overview - *ST Lifan is a digital technology cloud service provider focused on new digital infrastructure, offering comprehensive services from software and hardware products to overall solutions for industry and government clients [4] Group 4: Financial Forecast - The company forecasts a revenue of 200 million to 230 million yuan for 2025, with a net loss of 180 million to 210 million yuan [5] - The decline in revenue is attributed to strategic adjustments, with a more than 80% year-on-year decrease in smart hardware and digital services [5] - The company has recognized an impairment provision of 82 million yuan for goodwill and intangible assets due to signs of impairment [5]