Meeting Overview - The sixth meeting of the supervisory board of Guizhou Yongji Printing Co., Ltd. was held on August 29, 2025, with all three supervisors present, confirming the legality and validity of the resolutions made [1][2]. Financial Reporting - The supervisory board approved the company's 2025 semi-annual report, affirming that the report accurately reflects the company's operational status without any false statements or omissions [1][2]. Fund Utilization - The supervisory board also approved the special report on the storage and actual use of raised funds for the first half of 2025, with unanimous support from all supervisors [2].

Group 1 - The core viewpoint of the news is that Hongbo Co., Ltd. held its 36th meeting of the 6th Board of Directors on August 28, 2025, to discuss the election of independent director candidates for the 7th Board of Directors [1] - For the fiscal year 2024, the revenue composition of Hongbo Co., Ltd. is 87.11% from printing and 12.89% from other industries [1] - As of the report date, the market capitalization of Hongbo Co., Ltd. is 11.8 billion yuan [2]

Core Viewpoint - The company, Auslion Global (01540.HK), reported a revenue decrease of approximately 8.0% to about HKD 232 million for the six months ending June 30, 2025, while net profit increased by approximately 12.1% to HKD 11.7 million, indicating improved profitability due to enhanced operational efficiency and cost control measures [1][1][1] Financial Performance - Revenue decreased by about 8.0% to approximately HKD 232 million [1] - Net profit increased by approximately 12.1% to HKD 11.7 million [1] - Earnings per share were HKD 0.023 [1] Operational Insights - The improvement in profitability was attributed to enhanced operational efficiency, particularly through cost control measures such as reducing subcontracting [1][1] - The company faced a challenging domestic environment, influenced by uncertainties from the May federal election and global trade factors, leading to decreased spending on printed products in the reading, professional, education, and government markets [1][1][1]

Group 1 - A new printing factory, Zhongshan Shunyou Printing Factory, has been established with a registered capital of 10,000 RMB [1] - The business scope includes manufacturing and sales of paper products, plastic products, electronic products, and various design and consulting services [1] - The factory is allowed to engage in activities such as printing, binding services, and leasing services, subject to necessary approvals [1] Group 2 - The factory's operations will cover a wide range of services including internet sales, office supplies sales, and technology consulting [1] - The establishment of this factory indicates potential growth in the local printing and manufacturing industry [1] - The factory's registration suggests an increase in entrepreneurial activities within the region [1]

Group 1 - Donggang Co., Ltd. (SZ 002117) announced on August 27 that its 8th Board of Directors held a meeting via communication voting on August 25, 2025, to review the proposal to abolish the Supervisory Board and the "Supervisory Meeting Rules" [1] - For the first half of 2025, Donggang's revenue composition was as follows: printing industry accounted for 79.28%, service industry accounted for 18.99%, and others accounted for 1.73% [1] Group 2 - The pet industry is experiencing a significant boom, with a market size of 300 billion yuan, leading to a surge in stock prices for related listed companies [1]

Core Insights - Shenzhen has experienced remarkable economic growth over the past 45 years, transitioning from a small border town to a major economic hub, with GDP increasing from 2.7 billion to 3.68 trillion yuan [2][3] - Tax revenue has played a crucial role in supporting Shenzhen's economic development, with significant milestones in tax income growth over the years [2][3] Tax Policy and Economic Transformation - Early tax incentives for foreign investment, such as tax reductions and accelerated depreciation, significantly boosted Shenzhen's processing trade and economic growth [2] - In the new century, tax policies supporting high-tech industries emerged, including R&D expense deductions and tax exemptions for technology transfers, facilitating the transformation of SMEs into competitive enterprises with independent intellectual property [2][4] Industrial Advancement - Shenzhen's industrial structure is advancing towards higher-end levels, with industrial added value surpassing 1 trillion yuan in 2021 and maintaining the top position among domestic cities from 2022 to 2024 [3] - The proportion of high-tech manufacturing and advanced manufacturing in the industrial added value has increased to 58.2% and 68.2%, respectively [3] Reform and Innovation - Shenzhen has established a basic framework for a socialist market economy and has implemented various reforms to enhance the business environment [4] - The tax authority has introduced policies to support the Qianhai and He Tao areas, including corporate income tax incentives and personal income tax benefits, to promote comprehensive reform [4] International Trade and Taxation - Shenzhen has seen significant growth in foreign trade, with the tax authority enhancing cross-border tax services and optimizing export tax refund processes [5] - The city has implemented innovative services for tax refunds, including a "cloud service" platform for seamless processing and a "buy and refund" section at national exhibitions [5][6] Social Welfare and Public Services - The growth in tax revenue has strengthened Shenzhen's fiscal capacity, enabling improvements in public services across education, healthcare, housing, and transportation [7] - Initiatives in social security have streamlined processes, reducing the time required for employers and individuals to handle social insurance contributions [7] Future Outlook - Shenzhen aims to continue its path of high-quality development, with the tax authority committed to enhancing service efficiency to support this growth [8]

Group 1 - The stock price of Donggang Co., Ltd. on August 26 was 13.45 yuan, down 0.30 yuan or 2.18% from the previous trading day [1] - The trading volume on that day was 276,714 hands, with a transaction amount of 375 million yuan [1] - Donggang Co., Ltd. specializes in bill printing, composite products, and technical services, with its developed robotic products covering various fields such as government affairs, labor unions, office, and education [1] Group 2 - According to the company's disclosed semi-annual report for 2025, it achieved an operating income of 581 million yuan in the first half of the year, a year-on-year increase of 0.28% [1] - The net profit attributable to shareholders of the listed company was 78.4957 million yuan, representing a year-on-year growth of 10.87% [1] - Revenue from composite products reached 162 million yuan, showing a significant year-on-year increase of 133.81% [1] Group 3 - On August 26, the net outflow of main funds was 25.146 million yuan, accounting for 0.36% of the circulating market value [1] - Over the past five days, the net inflow of main funds was 74.8128 million yuan, representing 1.06% of the circulating market value [1]

Core Viewpoint - The company, Wanli Printing (08385.HK), anticipates a significant net loss for the first half of 2025, projecting a loss of no less than HKD 26.4 million, compared to a net loss of approximately HKD 29 million in the first half of 2024 [1] Financial Performance - The company's revenue is expected to decline from approximately HKD 43.5 million in the first half of 2024 to around HKD 1.2 million in the first half of 2025 [1] - The anticipated net loss is primarily attributed to the closure of the Shenzhen factory in May 2024 and the delay in obtaining a printing license for the Huizhou factory until May 2025 [1] Future Outlook - The company plans to explore advanced printing technologies and seek other opportunities to diversify its revenue sources [1]

Core Viewpoint - Wanli Printing (08385) anticipates a significant net loss attributable to equity holders of not less than HKD 26.4 million in the first half of 2025, compared to an estimated net loss of approximately HKD 29 million for the six months ending June 30, 2024 [1] Financial Performance - The company's revenue is expected to decline from approximately HKD 43.5 million in the first half of 2024 to around HKD 1.2 million in the first half of 2025 [1] Operational Challenges - The anticipated net loss is primarily due to the closure of the Shenzhen factory in May 2024 and the delay in obtaining a printing license for the Huizhou factory until May 2025, which will lead to reduced revenue [1] - Additionally, the company expects an increase in financing costs in the first half of 2025 [1] Future Outlook - The company plans to explore advanced printing technologies and seek other opportunities to diversify its revenue sources [1]

Core Viewpoint - The company, Wanli Printing (08385), anticipates a significant net loss for the first half of 2025, projecting a loss of no less than HKD 26.4 million, following a net loss of approximately HKD 29 million for the six months ending June 30, 2024 [1] Financial Performance - The company's revenue is expected to decline from approximately HKD 43.5 million in the first half of 2024 to about HKD 1.2 million in the first half of 2025 [1] Operational Challenges - The anticipated net loss is primarily attributed to the closure of the Shenzhen factory in May 2024 and the delay in obtaining a printing license for the Huizhou factory until May 2025, which will significantly reduce revenue [1] - Additionally, the company expects an increase in financing costs in the first half of 2025 [1] Future Outlook - The company plans to explore advanced printing technologies and seek other opportunities to diversify its revenue sources [1]