Core Viewpoint - CHI HO DEV (08423) anticipates a consolidated net loss of between HKD 20 million and HKD 21 million for the six months ending September 30, 2025, compared to a consolidated profit of approximately HKD 9 million for the six months ending September 30, 2024 [1] Financial Performance - The expected consolidated net loss is primarily attributed to provisions of approximately HKD 14 million recognized under the expected credit loss model for loans to a joint venture [1] - An additional provision of about HKD 2 million has been recognized under the expected credit loss model for trade receivables and contract assets [1] - A decrease in revenue from mixed projects, renovation, and construction works has led to a reduction in gross profit [1]

Core Viewpoint - The company reported a revenue of approximately 193 million, representing a year-on-year decrease of 6.61%, while the loss attributable to shareholders narrowed significantly by 90.55% to 8.748 million [1] Financial Performance - Revenue for the six months ending June 30, 2025, was approximately 193 million, down 6.61% compared to the previous year [1] - The loss attributable to shareholders was 8.748 million, a significant reduction of 90.55% year-on-year [1] - Earnings per share reflected a loss of 3.32 cents [1] Key Factors Influencing Performance - The reduction in loss was primarily due to a decrease in impairment loss provisions by approximately 79.4 million under the expected credit loss model [1] - Administrative expenses were reduced by 5.8 million, which contributed positively to the overall financial performance [1] - This positive impact was partially offset by an increase in litigation and legal expense provisions by approximately 5 million and a gross profit increase of about 3.7 million [1]

Audit Opinion - The audit of Wuhan Municipal Engineering Design Institute Co., Ltd. (hereinafter referred to as "the Institute") financial statements for the periods ending March 31, 2025, December 31, 2024, and December 31, 2023, indicates that the financial statements fairly reflect the financial position and operating results of the Institute in accordance with accounting standards [1][1][1]. Company Overview - The Institute was established on October 26, 2001, with a registered capital of 17.1289 million RMB, located in Wuhan, Hubei Province [1][1]. - The main business activities include construction engineering surveying, design, mapping services, project supervision, special equipment design, land spatial planning, quality testing, and construction [1][1]. Asset Restructuring - Wuhan San Zhen Industrial Holding Co., Ltd. plans to acquire 100% equity of the Institute through a combination of issuing shares and cash payment [1][1]. - The financial statements are prepared solely for the purpose of this proposed asset restructuring and are intended for submission to regulatory authorities [1][1]. Financial Reporting Basis - The financial statements are based on the assumption of going concern and prepared in accordance with the relevant accounting standards issued by the Ministry of Finance and the China Securities Regulatory Commission [1][1]. Important Accounting Policies - The Institute has established specific accounting policies and estimates for revenue recognition and research and development expenditures based on its operational characteristics [1][1]. - The financial statements comply with the requirements of accounting standards and provide a true and complete reflection of the Institute's operating results and cash flows for the fiscal years 2023 and 2025 [1][1]. Financial Statement Preparation - The financial statements are prepared using the accrual basis of accounting, with historical cost as the measurement basis, except for certain financial instruments [1][1]. - The Institute's accounting policies and estimates are detailed in the notes, including significant judgments made by management [1][1].

Group 1 - The company issued a profit warning for the first half of 2025, expecting a net loss attributable to equity shareholders of approximately RMB 370 million to RMB 390 million [1] - The company's cash reserves reached approximately RMB 5.4 billion, an increase of RMB 300 million compared to the end of 2024, indicating a stable liquidity position [1] - The loss is primarily due to impairment losses recognized on historical bridge supply chain assets based on expected credit loss models [1] Group 2 - The company has made significant progress in addressing historical issues by strengthening its credit risk management system, advancing the recovery of legacy assets, and prudently recognizing impairment provisions [2] - These measures have effectively reduced the ongoing impact of historical factors on the current and future financial condition of the company [2]

Core Viewpoint - 联易融科技集团预计2025年上半年将出现约人民币3.7亿元至3.9亿元的综合亏损净额，主要由于对历史遗留的过桥供应链资产计提减值损失，但现金储备却增加至约人民币54亿元，显示出公司流动性稳健 [1] Group 1 - The company anticipates a net loss attributable to equity shareholders of approximately RMB 370 million to RMB 390 million for the first half of 2025 [1] - The cash reserves of the company reached approximately RMB 5.4 billion, an increase of RMB 300 million compared to the end of 2024, indicating a strong liquidity position [1] - The loss is primarily due to impairment losses recognized based on the expected credit loss model for historical bridge supply chain assets on the balance sheet [1] Group 2 - The company has made significant progress in addressing historical issues through enhanced credit risk management, targeted recovery of legacy assets, and prudent impairment provisioning [2] - These measures have effectively reduced the ongoing impact of historical factors on the current and future financial condition of the company [2]

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，並明確表示概不就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。 （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （股份代號：6806） 海外監管公告 本公告乃由申萬宏源集團股份有限公司（「本公司」）根據香港聯合交易所有限公司證券上市規 則第13.10B條作出。 茲載列本公司於深圳證券交易所網站發佈之《申萬宏源集團股份有限公司2024年度財務報表及 審計報告》，僅供參閱。 承董事會命 申萬宏源集團股份有限公司 董事長 劉健 北京，2025年3月28日 於本公告日期，董事會成員包括執行董事劉健先生及黃昊先生；非執行董事朱志龍先生、張英女士、邵亞樓先生、 徐一心先生及嚴金國先生；獨立非執行董事楊小雯女士、武常岐先生、陳漢文先生及趙磊先生。 申万宏源集团股份有限公司 2024 年度财务报表及审计报告 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.gov.cn）"进行查验 篇码:京259EN7562G ...