Core Viewpoint - Sa Sa International (00178) reported a significant increase in overall revenue for the second quarter, indicating positive growth trends in both offline and online sales [1] Group 1: Financial Performance - The overall revenue for the group from July 1 to September 30, 2025, reached HKD 1.031 billion, representing an 8.4% year-on-year increase [1] - Offline sales amounted to HKD 826 million, showing a year-on-year growth of 9.4%, which accounted for 80.2% of the total revenue [1] - Online sales generated HKD 205 million, with a year-on-year increase of 4.9%, making up 19.8% of the total revenue [1] Group 2: Market Reaction - Following the announcement, Sa Sa International's stock price surged over 8% in early trading, with a current increase of 6.45%, trading at HKD 0.66 [1] - The trading volume reached HKD 10.6961 million, reflecting strong investor interest [1]

Core Viewpoint - Sa Sa International (00178) reported a significant increase in overall revenue for the second quarter, indicating positive growth trends in both offline and online sales [1] Group 1: Financial Performance - The overall revenue for the group from July 1 to September 30, 2025, reached HKD 1.031 billion, representing an annual increase of 8.4% [1] - Offline sales amounted to HKD 826 million, showing a year-on-year growth of 9.4%, which accounted for 80.2% of the total revenue [1] - Online sales generated HKD 205 million, with a year-on-year increase of 4.9%, making up 19.8% of the total revenue [1]

Group 1 - The core point of the article is that Sa Sa International reported a sales revenue of HKD 1.03 billion for the second quarter, representing a year-on-year growth of 8.4% [1] - The offline business sales in Hong Kong and Macau increased by 10.1% to HKD 738 million [1] - The Southeast Asia offline business sales grew by 3.7% to HKD 88.8 million [1]

Core Insights - Sasa International (00178) reported a total revenue of HKD 1.031 billion for the second quarter from July 1 to September 30, 2025, representing an 8.4% year-on-year increase [1] Group Performance - The overall business of the group showed steady progress during the period [1] - Offline sales reached HKD 826 million, up 9.4% year-on-year, accounting for 80.2% of total revenue [1] - Offline sales were generated from Hong Kong, Macau, and Southeast Asia (Malaysia and Singapore) [1] - As of September 30, 2025, the group operated 157 offline stores, an increase of two stores compared to the same period last year [1] Online Sales - Online sales amounted to HKD 205 million, reflecting a 4.9% year-on-year increase, and represented 19.8% of total revenue [1] - Online sales were derived from self-operated online stores and third-party platforms in mainland China, Hong Kong, Macau, Southeast Asia, and other regions, maintaining stable growth [1]

Core Viewpoint - Sasa International (00178) reported a year-on-year increase in overall revenue of 8.4% for the second quarter from July 1 to September 30, 2025, reaching HKD 1.031 billion, indicating stable business growth [1] Group 1: Overall Performance - The group's total revenue for the period was HKD 1.031 billion, reflecting an 8.4% year-on-year increase [1] - The business is described as stable with positive growth trends [1] Group 2: Offline Sales - Offline sales amounted to HKD 826 million, representing a 9.4% year-on-year increase and accounting for 80.2% of total revenue [1] - The offline sales are derived from operations in Hong Kong, Macau, and Southeast Asia (Malaysia and Singapore) [1] - As of September 30, 2025, the company operated 157 offline stores, an increase of two stores compared to the same period last year [1] Group 3: Online Sales - Online sales reached HKD 205 million, showing a year-on-year increase of 4.9% and making up 19.8% of total revenue [1] - Online sales are sourced from mainland China, Hong Kong, Macau, Southeast Asia, and other regions through the company's own online stores and third-party platforms, maintaining steady growth [1]

Core Points - The company,卓悦控股, reported a total revenue of HKD 90.968 million for the 18-month period ending June 30, 2025 [1] - The company recorded a loss attributable to shareholders of HKD 278 million, equating to a loss of HKD 0.916 per share [1] - The loss was primarily driven by non-operating expenses and non-cash accounting provisions, with the total impact of these non-recurring items amounting to approximately HKD 202.7 million [1]

Core Viewpoint - 卓悦控股 reported a significant loss for the 18-month period ending June 30, 2025, primarily due to non-operating expenses and non-cash accounting provisions [1] Financial Performance - The company achieved a revenue of HKD 90.968 million [1] - The loss attributable to shareholders amounted to HKD 278 million, translating to a loss per share of HKD 0.916 [1] - The total impact of non-recurring items was approximately HKD 202.7 million [1]

Group 1 - The core viewpoint indicates that the retail value of cosmetic products in China reached 34.85 billion yuan in August 2025, showing a month-on-month growth of 31.46% and a year-on-year growth of 5.1% [1] - Cumulative retail value of cosmetic products from January to August 2025 amounted to 291.51 billion yuan, reflecting a year-on-year increase of 3.3% [1] Group 2 - The data source for the retail value statistics is the National Bureau of Statistics of China [2] - The statistics include both current value and cumulative growth trends for the cosmetic retail sector from 2015 to 2025 [2]

Core Viewpoint - 卓悦控股 (00653) expects a loss of approximately HKD 278 million for the 18 months ending June 30, 2025, while reporting a profit of about HKD 54 million for the year ending December 31, 2023 [1] Financial Performance - The anticipated loss of HKD 278 million is significantly influenced by non-operating expenses and non-cash accounting provisions, totaling approximately HKD 202 million [1] - The investment loss in the CR Business Innovation Investment Fund L.P. amounts to HKD 153 million, primarily due to a decline in the market value of the fund's property assets [1] - A provision for impairment of trade and other receivables, calculated based on expected credit loss models, is approximately HKD 49 million [1] - Excluding these special items, the core business loss of the group is around HKD 76 million [1]

Core Viewpoint - 卓悦控股 (00653) anticipates a loss of approximately HKD 278 million attributable to shareholders for the 18 months ending June 30, 2025, following a profit of about HKD 54 million for the year ending December 31, 2023 [1] Financial Performance - The expected loss of HKD 278 million is significantly influenced by non-operating expenses and non-cash accounting provisions, with a total impact of approximately HKD 202 million classified as non-recurring items [1] - The investment loss in the CR Business Innovation Investment Fund L.P. amounts to HKD 153 million, primarily due to a decline in the market value of the fund's property assets [1] - A provision for impairment of trade and other receivables, calculated based on the expected credit loss model, is approximately HKD 49 million [1] - Excluding these special items, the core business is expected to incur a loss of about HKD 76 million [1]