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]

卓悦控股(00653)发布公告，预计截至2025年6月30日止18个月取得公司拥有人应占亏损约2.78亿港元， 而截至2023年12月31日止年度则取得公司拥有人应占溢利约5400万港元。 按预期信用损失模型计提的贸易及其他应收款项减值拨备约4900万港元。 在剔除该等特殊项目后，集团核心业务所致亏损约为7600万港元。 根据公司现时可得的相关资料，董事会认为未经审核的2.78亿港元亏损，主要受到非营运支出与非现金 会计拨备共同产生的重大影响。该等支出与拨备的总影响金额约达2.02亿港元，经公司归类为非经常性 项目，具体分类如下： 对CR Business Innovation Investment Fund L.P.(基金)的投资亏损达1.53亿港元，主要归因于该基金持有物 业资产的市场价值下跌。 ...

Group 1 - Leshan High-tech Zone Shi Yi Mei Cosmetics Store has been established as an individual business entity with a registered capital of 200,000 RMB [1] - The legal representative of the store is Zhang Yan, indicating a personal ownership structure [1] - The business scope includes general projects such as retail and wholesale of cosmetics, personal hygiene products, and daily necessities [1] Group 2 - The store is also authorized to provide beauty services, which require approval from relevant authorities before commencement [1] - The operation of the business is subject to the approval of specific projects by relevant departments, as indicated by the licensing requirements [1]

Core Viewpoint - A new individual business named Jingyan County Senshui Drinking Water Operation Department has been established, focusing on the production and sale of drinking water [1] Company Summary - The legal representative of the newly established business is Dai Hongxia [1] - The registered capital of the business is 100,000 RMB [1] - The business is authorized to operate under specific licensed projects, including the production and sale of drinking water, which requires approval from relevant authorities [1] Industry Summary - The general business scope includes non-medical health and wellness services, sales of pre-packaged health food, food sales (only pre-packaged), health consulting services (excluding medical treatment), sales of electronic products, daily necessities, cosmetics, edible agricultural products, and retail of shoes and hats [1] - The business can operate independently based on its business license, except for projects that require approval [1]

天眼查App显示，近日，文山市颜溯化妆品店（个体工商户）成立，法定代表人为李英，注册资本1万 人民币，经营范围为一般项目：化妆品零售；化妆品批发；互联网销售（除销售需要许可的商品）；个 人互联网直播服务；个人卫生用品销售；初级农产品收购；农副产品销售；日用品销售；日用杂品销 售；日用百货销售；食品互联网销售（仅销售预包装食品）；食品销售（仅销售预包装食品）。（除依 法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

Group 1 - Morgan Stanley reports that Ulta Beauty is expected to maintain strong sales performance in Q2, maintaining an "overweight" rating [1] - Sales of beauty products in food, drug, and mass channels grew by 0.1% in the four weeks ending September 6, with a revised growth of 1.0% in the previous month [1] - The trend for Q3 so far is +0.2%, slightly down from +0.5% reported previously [1] Group 2 - Horizontal data suggests that Q3 trends are stable at approximately 5%-7% growth, which is stronger than market consensus expectations of +3.2% [2] - Ulta Beauty's recent comments indicate satisfaction with August performance, with no changes in consumer spending patterns or category participation [2] - Comparable sales for the second half of the year are expected to be flat to low single-digit growth [2]

Core Insights - A new individual business named Jishou City Afu Essential Oil Skincare Store has been established, with a registered capital of 50,000 RMB [1] - The legal representative of the business is Zhang Juan, indicating a personal ownership structure [1] - The business scope includes licensed projects for beauty services and general projects for cosmetics retail and internet sales [1] Business Structure - The registered capital of the business is 50,000 RMB, which is a relatively modest amount for a retail operation [1] - The business is classified as an individual business, suggesting a sole proprietorship model [1] Operational Scope - The business is authorized to provide beauty services, which requires approval from relevant authorities [1] - It is also involved in the retail of cosmetics and internet sales, excluding items that require special licenses [1] - The business can independently conduct operations as per its business license, indicating flexibility in its operational activities [1]

Core Insights - A new individual business named "Xiyue Cosmetics Store" has been established in Xili County, with a registered capital of 100,000 RMB [1] - The legal representative of the store is Tao Shasha [1] - The business scope includes licensed projects for beauty services and general projects for cosmetics retail, hygiene products, and internet sales [1] Business Details - The registered capital of the store is 100,000 RMB [1] - The store is authorized to conduct beauty services, subject to relevant approvals [1] - The general business activities include retail of cosmetics, sales of hygiene products and disposable medical supplies, and internet sales, excluding items that require special licenses [1]

Core Viewpoint - Qingdao Kingking Applied Chemistry Co., Ltd. has approved a joint liability guarantee for its wholly-owned subsidiary, Shanghai Yuefeng Cosmetics Co., Ltd., to support its application for a credit limit of up to 10 million yuan from Ningbo Bank [1][2]. Group 1: Meeting and Resolution - The fourth (temporary) meeting of the ninth board of directors was held on September 12, 2025, with all 8 directors participating and voting unanimously in favor of the guarantee proposal [1][2]. - The meeting was conducted in accordance with the Company Law and the company's articles of association, ensuring its legality and validity [1]. Group 2: Guarantee Details - The company plans to provide a joint liability guarantee for Shanghai Yuefeng's credit application, which is aimed at supporting its business development and normal funding needs [2]. - The guarantee will cover a credit limit of no more than 10 million yuan, with a duration of one year from the date of board approval or agreement signing [2]. Group 3: Subsidiary Financial Overview - As of December 31, 2024, Shanghai Yuefeng had total assets of 308.32 million yuan and total liabilities of 117.26 million yuan, resulting in a debt-to-asset ratio of 38.03% [3]. - For the year 2024, the subsidiary reported revenue of 280.82 million yuan and a net profit attributable to the parent company of 15.84 million yuan [3]. - As of June 30, 2025, the subsidiary's total assets increased to 498.04 million yuan, with total liabilities of 304.05 million yuan, leading to a debt-to-asset ratio of 61.05% [4]. Group 4: Board's Opinion and Compliance - The board believes that the financial risks associated with the guarantee are within the company's control and that the guarantee aligns with relevant regulations and internal policies [5]. - The guarantee is expected to facilitate the subsidiary's access to bank credit for financing, addressing liquidity needs and supporting business operations, which is in the overall interest of the company [5]. Group 5: Guarantee Limits and Status - As of the announcement date, the company has a total available guarantee limit of 430 million yuan, with an actual total guarantee amount of 50 million yuan, representing 3.40% of the audited net assets for 2024 [6]. - The proposed guarantee of 10 million yuan for the subsidiary accounts for 0.68% of the audited net assets and 0.32% of the audited total assets for 2024 [6].

Core Insights - A new individual business, Guizhou Beisenli Cosmetics Store, has been established in Chao Yang District, Shantou City, with a registered capital of 30,000 RMB [1] Company Overview - The legal representative of the newly established cosmetics store is Chen Hu [1] - The business scope includes wholesale and retail of cosmetics, personal hygiene products, daily necessities, and kitchenware [1] - The store is also engaged in domestic trade agency and internet sales, excluding items that require special permits [1]