权益股东应占溢利下降主要是由于市场环境充满挑战和竞争，加上环球贸易情况持续不明朗，令若干客 户的需求减少，因而导致公司制衣业务的收入及溢利均有所下降。此外，集团于2024年上半年因出售国 内若干租赁土地使用权及附属建筑物而确认一笔2,100万港元的一次性收益，但于2025年上半年并无录 得该类收益。 格隆汇8月21日丨联亚集团(00458.HK)公告，集团于2025年上半年的总收入为16.76亿港元（2024年： 19.26亿港元），较2024年同期下降13%。集团截至2025年6月30日止六个月录得权益股东应占溢利200 万港元，而截至2024年6月30日止六个月溢利为6,300万港元。 ...

Group 1 - The core viewpoint emphasizes the importance of supporting enterprises through effective policy implementation and service initiatives to enhance economic development in Henan [1][3] - The "Two New" subsidy of 900,000 yuan provided to Haiyuan Fishery Technology Co., Ltd. is highlighted as a timely financial aid that addresses urgent production line transformation needs [1][2] - The proactive approach of local government officials, including face-to-face interactions with businesses to identify and resolve development challenges, is underscored [2][3] Group 2 - The Pingqiao Entrepreneurship Park has attracted 27 enterprises since its operation in 2011, creating over 600 jobs, but has faced significant development challenges since last year [2] - The local government has collected 13 types of requests from businesses, including financing and labor needs, and has successfully assisted companies in obtaining necessary approvals and funding [2][3] - Initiatives such as the "Public Service Code" and "Director at the Window" activities have been implemented to improve the business environment and streamline processes for enterprises [3]

公告称，公司权益股东应占溢利预期下降的主要原因如下：(a)在市场环境充满挑战和竞争以及全球贸 易持续不明朗的阴霾下，若干客户的需求减少，因而导致集团制衣业务的收入及分部溢利下降;及(b)于 2024年上半年，集团因出售中国内地的若干租赁土地使用权及附属建筑物而确认一笔2100万港元的非经 常性收益;而于2025年上半年并无取得该类一次性项目。 智通财经APP讯，联亚集团(00458)发布公告，集团预期就当前中期期间所取得的公司权益股东应占溢利 将约100万港元至1000万港元之间，而2024年6月30日止六个月期间则取得6250万港元。 ...

Economic Overview - Liaoning's GDP reached 15,707.9 billion yuan in the first half of the year, with a year-on-year growth of 4.7% [1] - The province's economy demonstrated resilience amid complex internal and external challenges, with coordinated efforts across primary, secondary, and tertiary industries [1][4] Industrial Performance - The industrial sector showed growth, with the added value of industrial enterprises above designated size increasing by 3.3% year-on-year, with 27 out of 40 major industrial categories reporting growth [5][11] - The shipbuilding and marine engineering sectors are experiencing significant expansion, with 170 ship orders held by a major shipyard, extending production schedules to 2029 [2] Consumer Market - Social retail sales in the province grew by 6.3%, surpassing the national average by 1.3 percentage points, marking 28 consecutive months of higher growth than the national level [3][8] - The demand for green and healthy products surged, with new energy vehicle sales increasing by 22.7% and energy-efficient appliances rising by 55.8% [3] Employment and Income - The per capita disposable income for residents reached 21,343 yuan, reflecting a 5.1% increase, with urban and rural incomes growing by 4.7% and 5.6% respectively [7][20] - The province created 281,000 new urban jobs, marking a 5.1% increase [20] Innovation and Technology - The province is focusing on technological innovation, with significant advancements in high-tech manufacturing, which now accounts for a larger share of industrial output [11][12] - New materials and technologies are being developed, such as flexible polymer solar cells, showcasing the potential for market expansion [5][11] Trade and Logistics - The port operations in Liaoning showed resilience, with cargo throughput increasing by 2.1% and container volume by 3.7% [15] - The logistics sector is recovering, with significant increases in freight turnover across various transport modes [15][16] Government Support and Policy - The provincial government is implementing supportive policies to stabilize key industries, including oil, steel, and automotive sectors [6][18] - A series of reforms aimed at improving the business environment have been introduced, enhancing the confidence of various enterprises [17][18]

Core Viewpoint - Crystal International is a global leader in garment manufacturing, focusing on the sportswear segment to drive growth [1] Group 1: Company Overview - Crystal International is a pioneer in the global garment manufacturing industry, with a diverse product matrix including casual wear, sportswear, denim, intimate apparel, and knitwear [1] - The company acquired Vista in 2016, successfully entering the sportswear and outdoor apparel sectors, which has accelerated revenue growth [1] - The company has established deep partnerships with major brands such as Uniqlo, GAP, Levi's, and Under Armour [1] - As a family-owned business, the controlling shareholders hold 76.5% of the company, ensuring stable management and succession [1] - The company has strong operating cash flow and an increasing dividend payout ratio [1] Group 2: Industry Outlook - The global garment manufacturing industry is expected to reach approximately $518.1 billion in 2024, with a compound annual growth rate (CAGR) of 0.6% over the past five years [1] - The sportswear segment is identified as a high-potential area with strong growth certainty, characterized by better profitability and higher concentration across the supply chain [1] Group 3: Competitive Landscape - The current landscape shows a high dependency on the U.S. for garment exports, but there is a clear trend towards overseas production [2] - Rising tariff costs are prompting manufacturers to establish overseas capacities, enhancing competitive advantages for those with such capabilities [2] - Secondary suppliers are expected to capture a larger market share as the industry undergoes consolidation [2] Group 4: Strategic Initiatives - Crystal International has a well-rounded strategy focusing on good positioning, deep supply chain engagement, and a diversified product offering [2] - The company has established a global production network, allowing for local capacity support and flexible production adjustments [2] - Cost reduction and efficiency improvements are being achieved through early overseas capacity investments and enhanced automation [2] Group 5: Future Growth and Profitability - The company is pursuing vertical integration to shorten lead times, reduce costs, and enhance production stability, which is expected to increase order volumes and profitability [3] - Revenue growth is projected to remain in double digits over the next three years, driven by existing customer expansion and new customer acquisition in the sportswear segment [3] - Profitability is anticipated to improve due to cost reductions from automation and vertical integration, with net profits expected to reach $230 million, $260 million, and $300 million from 2025 to 2027, respectively [3]