Core Viewpoint - The company, Yihe Holdings (01662), anticipates a profit of at least approximately HKD 30.5 million for the mid-term of 2025/2026, reflecting a significant increase from the profit of approximately HKD 21.8 million for the six months ending September 30, 2024, which represents a growth of about 40.0% [1] Group 1 - The expected increase in profit is primarily attributed to the improvement in the operational efficiency of the company's core business, which includes foundation and other civil engineering works [1] - The enhancements in operational efficiency are the result of multiple factors, including the integration of artificial intelligence applications to optimize workflows, such as using the latest IoT sensors to support routine work automation and AI-driven data analysis [1] - Strict implementation of cost-cutting measures is also contributing to the anticipated rise in gross profit for the mid-term of 2025/2026 [1]

Core Insights - The article discusses the fluctuating reputation of Zhang Xuefeng, a well-known career planning mentor, highlighting the growing skepticism towards his advice as the job market evolves [2][29] - It emphasizes the importance of aligning personal interests and abilities with career choices, rather than solely relying on data-driven recommendations [18][30] Group 1: Zhang Xuefeng's Influence - Zhang Xuefeng gained popularity by addressing the educational anxieties of families, providing a clear logic for choosing majors based on quantifiable metrics like salary and employment rates [7][13] - His rise coincided with a significant increase in graduate school applications, particularly in 2016, marking a turning point in the education landscape [8][10] - The mentor's approach simplified complex educational choices into a formulaic system, which resonated with many seeking stability in uncertain times [14][15] Group 2: Changing Job Market Dynamics - The job market has rapidly evolved, leading to a decline in the demand for previously recommended "golden paths" such as civil engineering, with employment in the construction sector dropping over 25% since its peak in 2014 [16][18] - Many individuals who followed Zhang's advice are now expressing regret, as they find themselves in oversaturated job markets, realizing the limitations of a purely utilitarian approach to career planning [17][24] - The article highlights a shift in societal attitudes, where individuals are increasingly seeking fulfillment and alignment with personal values in their career choices, rather than just job security [26][30] Group 3: The Need for Personal Agency - The narrative encourages individuals to take control of their career paths, emphasizing the importance of self-discovery and personal interests over external validation from popular figures [27][33] - It suggests that effective career guidance should foster a lifelong dialogue about self and the world, rather than merely producing standardized outcomes [28][30] - The article concludes that the best career choices are those that provide a sense of value and engagement in life, rather than those that are statistically deemed "correct" [30][34]

Core Viewpoint - Tiancheng Holdings (stock code: 2110) announced a financing plan through the placement of new shares, aiming to raise approximately HKD 6 million, with net proceeds expected to be around HKD 5.71 million after expenses [1] Group 1: Financing Details - The company plans to issue 60,000,000 shares at a placement price of HKD 0.10, representing a discount of approximately 13.79% compared to the previous trading day's closing price of HKD 0.116 [1] - The placement price also reflects a discount of about 15.25% compared to the average closing price over the last five trading days [1] - The newly issued shares will account for approximately 20% of the existing issued share capital and about 16.67% of the enlarged share capital post-financing [1] Group 2: Use of Proceeds - The net proceeds of approximately HKD 5.71 million will be used entirely for general working capital [1] Group 3: Company Background - Tiancheng Holdings is primarily engaged in maritime construction engineering, other civil engineering, ship leasing services, and wellness services [1]

香港交易及結算所有限公司以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，並明確表示概不就本公告全部或任 何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 本公告由義合控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）自願作出， 以令本公司股東及其潛在投資者獲知本集團的最新業務發展。 認購協議 本公司董事（「董事」）會（「董事會」）欣然宣佈，於2025年9月16日（交易時段後）， 本公司的全資附屬公司義合投資控股有限公司（「認購人」）與（其中包括）Trio AI Limited（「目標公司」）訂立認購協議（「認購協議」），以認購目標公司15,000,000股 股份，佔目標公司經擴大已發行股本約51.73%，代價為港幣15,000,000元（「認購事 項」）。 認購金額港幣15,000,000元乃由訂約各方經公平磋商後釐定，並考慮以下因素：(i) 使用搭載沐曦GPU晶片的高性能圖形處理單元（「GPU」）伺服器的權利；(ii)獨立第 三方估值師對目標公司51.73%股權於2025年6月30日的初步估值估計約為港幣15.3 百萬元；及(iii)經本公司評估的 ...

Group 1 - Hong Kong green infrastructure leader, Rongli Construction, has won a contract for the streetlight improvement project from the Hong Kong government's Highways Department, with a total contract value of HKD 23.896 million [1][3] - Rongli Construction's subsidiary, Jishuo Construction Engineering Co., Ltd., will be responsible for the improvement of streetlight circuits in Kowloon City [1] - The company has previously participated in significant projects such as the Hong Kong International Airport third runway infrastructure and various civil engineering projects, showcasing its strong position in the industry [3] Group 2 - Rongli Construction reported a revenue increase from HKD 526 million in 2024 to approximately HKD 717 million in 2025, representing a year-on-year growth of 36.2% [3] - The civil engineering segment saw a year-on-year growth of 39.3%, reaching approximately HKD 509 million, while the electromechanical engineering segment grew by 60.6% to about HKD 182 million, contributing significantly to the company's performance [3]

Core Viewpoint - KWF Group Holding, a Hong Kong civil engineering subcontractor, has filed for an IPO with the SEC to raise up to $8 million, aiming for a market valuation of $108 million post-listing [1] Company Overview - KWF Group specializes in public infrastructure projects, including earthworks, road drainage, sewer systems, and structural steel engineering [1] - The company holds multiple engineering category registrations recognized by the Hong Kong government and has a long history of participating in government-led infrastructure projects [1] Financial Performance - For the 12 months ending February 28, 2025, KWF Group reported approximately $13 million in revenue [1] IPO Details - The IPO application was submitted confidentially on May 14, 2025, with plans to list on the NASDAQ, although the final stock code is yet to be determined (temporary code: KWFG.RC) [1] - Pacific Century Securities and Revere Securities are appointed as joint bookrunners for the offering [1] - The IPO application is pending SEC approval, and the issuance timeline and pricing may adjust based on market conditions [1]

Group 1 - KWF Group Holding, a Hong Kong civil engineering subcontractor, filed for an IPO to raise up to $8 million, planning to list on NASDAQ with a proposed share price of $4 [1][4] - The company aims to issue 2 million shares, which would value it at approximately $10.8 million [1] - KWF Group specializes in public sector infrastructure projects, including earthworks, road drainage, sewerage, and structural steel engineering [1] Group 2 - For the fiscal year ending February 28, 2025, KWF Group reported revenues of $12.51 million, a significant increase from $3.15 million in the previous year [5] - The company's gross profit for the same period is projected to be $1.47 million, compared to $361,149 in the prior year [5] - KWF Group's net income is expected to reach $1.01 million, up from $445,115 in the previous year [5] Group 3 - Pacific Century Securities and Revere Securities are acting as co-book runners for the IPO [6]

Summary of Key Points Core Viewpoint The Hong Kong Stock Exchange has seen significant activity in the past week, with 34 companies submitting applications, 3 companies passing hearings, 9 companies going public, and 8 new stocks listed. Group 1: Company Filings - 34 companies submitted applications for listing [1] - Notable companies include: - **Stand Robot**: A leading provider of industrial intelligent mobile robot solutions, projected revenues of approximately 96.27 million, 162 million, and 251 million RMB from 2022 to 2024, with losses of 128 million, 100 million, and 45.14 million RMB respectively [2] - **Chengtai Technology**: Focused on millimeter-wave radar products, projected revenues of approximately 57.65 million, 157 million, and 348 million RMB from 2022 to 2024, with losses of 79.14 million, 96.6 million, and 21.77 million RMB respectively [3] - **Magia Technology**: A leading provider of autonomous intelligent systems, projected revenues of approximately 455 million, 663 million, and 930 million RMB from 2022 to 2024, with losses of 759 million, 742 million, and 780 million RMB respectively [4] - **CoolSmart Technology**: Specializes in end-to-end smartphone solutions, projected revenues of approximately 1.713 billion, 2.302 billion, and 2.717 billion RMB from 2022 to 2024, with profits of 110 million, 203 million, and 207 million RMB respectively [5] - **Kailesi Technology**: A comprehensive intelligent logistics robot expert, projected revenues of approximately 657 million, 551 million, and 721 million RMB from 2022 to 2024, with adjusted losses of 117 million, 123 million, and 50.45 million RMB respectively [7] Group 2: Company Performance - **BlueFocus Communication Group**: A leading marketing company in China, projected revenues of approximately 36.683 billion, 52.616 billion, and 60.797 billion RMB from 2022 to 2024, with net profits of -2.175 billion, 117 million, and -291 million RMB respectively [9] - **Shangmi Technology**: A leading provider of commercial IoT solutions, projected revenues of approximately 3.404 billion, 3.071 billion, and 3.456 billion RMB from 2022 to 2024, with profits of 160 million, 101 million, and 181 million RMB respectively [10] - **Health 160 International**: A pharmaceutical wholesaler and digital healthcare service provider, projected revenues of approximately 526 million, 629 million, and 621 million RMB from 2022 to 2024, with losses of 120 million, 106 million, and 108 million RMB respectively [24] Group 3: New Listings - 8 new stocks were listed, including: - **Yaojie Ankang-B**: Listed on June 23, 2025, closing at 23.50 HKD with a gain of 78.71% [49] - **Bai Ze Medical**: Listed on June 23, 2025, closing at 6.00 HKD with a gain of 42.18% [49] - **Sanhua Intelligent Control**: Listed on June 23, 2025, closing at 22.50 HKD with a slight decline of 0.13% [49] - **Cao Cao Mobility**: Listed on June 25, 2025, closing at 36.00 HKD with a decline of 14.16% [49]

Core Viewpoint - BBSB International Limited has submitted an application to list on the Hong Kong Stock Exchange's Growth Enterprise Market, with Lihau Enterprise Financing Limited as its exclusive sponsor [1]. Company Overview - The company is a civil engineering contractor with over 16 years of experience in Malaysia, specializing in bridge engineering services for large transportation infrastructure projects initiated by the Malaysian government or its affiliates [3]. - It holds the highest contractor license (G7) from the Construction Industry Development Board of Malaysia, allowing it to undertake civil and structural engineering projects without limit on contract value [3]. - The company has participated in significant transportation infrastructure projects in Malaysia, including major highways and expressways [3]. Market Position - As of 2024, the company ranks as the tenth largest bridge engineering subcontractor in Malaysia, with a market share of approximately 2.5% based on bridge engineering revenue [3]. - It ranks third among bridge engineering subcontractors based in Selangor [3]. Ongoing Projects - The company has several ongoing projects, including: - JB27 Project: Original contract value of approximately 232 million MYR, expected to complete by April 2027, with confirmed revenue of about 65.4 million MYR for FY2024 and an anticipated additional revenue of 126 million MYR [4]. - JB28 Project: Original contract value of approximately 165 million MYR, expected to complete by June 2027, with confirmed revenue of about 33.7 million MYR for FY2024 and an anticipated additional revenue of 123 million MYR [4]. - JB29 Project: Original contract value of approximately 118 million MYR, expected to complete by November 2028, with confirmed revenue of about 6.5 million MYR for FY2024 and an anticipated additional revenue of 110 million MYR [5]. - JB31 Project: Original contract value of approximately 96 million MYR, expected to complete by April 2027, with confirmed revenue of about 9.8 million MYR for FY2024 and an anticipated additional revenue of 84 million MYR [5]. Financial Performance - For FY2023, the company reported revenues of approximately 76.8 million MYR, while for FY2024, revenues are projected to be around 133 million MYR [6]. - The company experienced a loss attributable to shareholders of approximately 14.5 million MYR in FY2023, which is expected to turn into a profit of about 26.2 million MYR in FY2024 [6].

Group 1: Financial Performance - The company reported a revenue of HKD 717 million for the fiscal year ending March 31, 2025, representing a year-on-year growth of 36.2% [1] - Despite an increase in incidental expenses, the overall financial indicators remain robust, with a successful listing on the Hong Kong Stock Exchange in October 2024 leading to one-time expenses [1] - The total contract value as of March 31, 2025, significantly increased compared to the same period last year, indicating the effectiveness of the company's diversified development strategy in civil engineering, mechanical engineering, and renewable energy [1] Group 2: Industry Trends and Future Outlook - The renewable energy industry in Hong Kong is rapidly emerging, driven by the ongoing green transformation and sustainable development concepts, creating vast market opportunities [2] - The company is transitioning from a traditional infrastructure contractor to a green construction enterprise, demonstrating strong momentum in the renewable energy and green infrastructure sectors [2] - Future plans include leading the Zero Carbon Smart Alliance expansion, collaborating with industry leaders in green transportation, green buildings, smart photovoltaics, energy storage systems, and smart cities, aiming for a dual win in economic benefits and environmental responsibility [2]