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]

Group 1 - The State Intellectual Property Office of China has granted a patent for "Excavation Equipment and Its Application in Steep Inclined Shaft Construction" to four companies, including Luoyang Xinbang Technology Co., Ltd. and Henan Weibang Machinery Co., Ltd. [1] - Luoyang Xinbang Technology Co., Ltd. was established in 2023 with a registered capital of 1 million RMB and focuses on technology promotion and application services [1] - Henan Weibang Machinery Co., Ltd. was founded in 2015 with a registered capital of 20 million RMB, primarily engaged in the manufacturing of specialized equipment [1] Group 2 - China Water Resources and Hydropower No. 14 Engineering Bureau Co., Ltd. was established in 1981 with a registered capital of approximately 2.47 billion RMB, specializing in civil engineering construction [2] - This company has invested in 55 enterprises and participated in 5,000 bidding projects, holding 2,371 patents and 618 administrative licenses [2] - State Energy Group Jinsha River Xulong Hydropower Co., Ltd. was founded in 2018 with a registered capital of 4 billion RMB, focusing on electricity and heat production and supply [2] - This company has participated in 306 bidding projects and holds 34 patents along with 13 administrative licenses [2]

Core Viewpoint - The "China-Portuguese-speaking Countries Infrastructure Investment and Construction Training Course" concluded in Macau, emphasizing the importance of infrastructure cooperation between China and Portuguese-speaking countries [3]. Group 1: Event Overview - The training course lasted for two weeks and included 16 officials, technicians, and executives from Angola, Brazil, Cape Verde, Guinea-Bissau, Equatorial Guinea, São Tomé and Príncipe, Timor-Leste, and Macau [3]. - Participants conducted in-depth visits to institutions such as Macau Power Company, Macau Light Rail Company, and Macau Civil Engineering Laboratory [3]. Group 2: Objectives and Outcomes - The training aimed to deepen connectivity between China and Portuguese-speaking countries, providing new professional development opportunities through advanced courses [3]. - Participants expressed a deeper understanding of infrastructure development in mainland China and Macau, believing that their learnings will positively impact future work and contribute to the joint development of China and Portuguese-speaking countries [4]. Group 3: Future Cooperation - The Secretary-General of the China-Portuguese-speaking Countries Economic and Trade Cooperation Forum highlighted four key consensuses reached in the infrastructure cooperation field during the sixth ministerial meeting [3]. - The forum plans to continue hosting more activities to promote comprehensive mutual cooperation with Portuguese-speaking countries [3].

Group 1: PMI Data Overview - The manufacturing PMI for May is 49.5, an increase of 0.5 percentage points from April[2] - The non-manufacturing PMI is 50.3, a decrease of 0.1 percentage points from April[2] - Overall PMI data shows improvement, indicating reduced economic pressure compared to April[3] Group 2: Production and Demand Insights - Production index rose to 50.7, above the neutral line, while demand recovery was less pronounced[4] - New orders increased by 0.6 percentage points to 49.8, and new export orders rose by 2.8 percentage points to 47.5[4] - The "production-demand gap" expanded by 0.3 percentage points to 0.9 percentage points[4] Group 3: Inventory and Price Trends - Raw material inventory increased by 0.4 percentage points to 47.4, while finished goods inventory decreased by 0.8 percentage points to 46.5[5] - Price indicators have declined for three consecutive months, with purchasing prices down 0.1 percentage points to 46.9[5] - Factory gate prices also fell by 0.1 percentage points to 44.7, indicating ongoing profit pressure for enterprises[5] Group 4: Non-Manufacturing Sector Performance - Non-manufacturing PMI slightly decreased by 0.1 percentage points to 50.3, underperforming compared to historical averages[10] - Consumer services sector showed resilience, increasing by 2.3 percentage points to 51.6, while production services declined[11] - Construction PMI fell by 0.9 percentage points to 51.0, with civil engineering improving but housing construction declining[10]

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之內容概不 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之任何損失承擔任何責 任。 Sang Hing Holdings (International) Limited 生興控 股（國際 ）有限公司 本公司董事會（「董事會」）欣然宣佈，本公司之全資附屬公司生興土木有限公 司與豐利建築工程有限公司成立之合營企業於二零二五年四月三十日獲授一 份有關位於香港東區阿公岩村公營房屋發展之工地平整及基礎設施工程的土 木工程項目標書（「標書」）。標書概要載列如下： 1 標書所載暫定 | | | | | 總合約金額 | 預期合約 | | --- | --- | --- | --- | --- | --- | | 客戶 | 工程類型 | 地點 | 暫定開工日期 | （約百萬港元） | 期間 | | 土木工程拓展署 | 公營房屋發展之 | 香港東區 | 二零二五年 | 442.2 | 自二零二五年 | | | 工地平整及 | 阿公岩村 | 五月八日 | | 五月至二零 | | | 基礎設施工程 | | | ...

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之內容概不 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之任何損失承擔任何責 任。 Sang Hing Holdings (International) Limited 生興控 股（國際 ）有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1472） 自願性公告成功中標 | | | | | 標書所載暫定 | | | --- | --- | --- | --- | --- | --- | | 客戶 | 工程類型 | 地點 | 開工日期 | 總合約金額 （約百萬港元） | 預期合約期間 | | | | | | 668 | | | 土木工程拓展署 | 公營房屋發展之 | 九龍東三個市區 | 二零二五年 | | 自二零二五年 | | | 工地平整及 | 寮屋區（即茶果嶺 | 三月二十八日 | | 三月二十八日至 | | | 基礎設施工程 | 村、竹園聯合村及 | | | 二零二九年 | | | | 牛池灣村） | | | 十月三十日 | 董事會謹此聲明，概無就標書作出本集團的溢利預測或估 ...