Core Viewpoint - Sunshine Paper Holdings (02002.HK) anticipates a profit decline of approximately 55% to 65% for the six months ending June 30, 2025, compared to the same period in 2024 due to several adverse factors [1] Group 1: Financial Performance - The expected profit decline is attributed to a decrease in paper prices, leading to reduced revenue and gross profit [1] - A decline in value-added tax has resulted in a decrease in unconditional government subsidies [1] - The sluggish real estate market in China has exacerbated operating losses for Sunshine Prince (Shouguang) Specialty Paper Co., Ltd., which will transition from an associate to a wholly-owned subsidiary by June 30, 2025 [1] - There are also fair value losses on financial assets accounted for at fair value [1] Group 2: Management Outlook - The board of directors believes that the overall financial condition and operations of the group remain stable and sound [1] - The management maintains an optimistic outlook on the group's long-term growth and development [1]

Core Viewpoint - Lianya Group (00458) anticipates a significant decline in profit attributable to shareholders for the current interim period, projecting a profit between HKD 1 million and HKD 10 million, compared to HKD 62.5 million for the six months ending June 30, 2024 [1] Summary by Relevant Categories Financial Performance - The expected profit attributable to shareholders is projected to be between HKD 1 million and HKD 10 million for the current interim period [1] - For the six months ending June 30, 2024, the profit attributable to shareholders was HKD 62.5 million [1] Reasons for Profit Decline - The primary reasons for the anticipated decline in profit include: - A reduction in demand from several clients due to a challenging and competitive market environment, leading to decreased revenue and segment profit in the garment business [1] - The absence of one-time gains in the first half of 2025, as opposed to a non-recurring income of HKD 21 million recognized in the first half of 2024 from the sale of certain land use rights and associated buildings in mainland China [1]