Group 1 - The company, First Journey Holdings Limited (0697.HK), announced a placement plan to issue 276 million shares, representing 3.37% of the enlarged share capital, at a price of HKD 2.17 per share, aiming to raise HKD 600 million [3] - The placement price reflects a discount of 5.65% compared to the closing price of HKD 2.30 on Wednesday, and a premium of 5.65% over the average closing price of HKD 2.05 over the past five trading days [3] - The proceeds of approximately HKD 418 million will primarily be used for the opening of about 20 technology experience stores and the expansion of new business areas in asset operations, while the remaining approximately HKD 180 million will be allocated for general working capital [3] Group 2 - On Thursday, the company's stock price fell by 0.4% to HKD 2.29, but it has more than doubled since the beginning of the year [4]

Core Viewpoint - The company reported significant growth in its mid-term performance for the first half of 2025, with revenue and profit increasing substantially compared to the previous year, indicating strong operational efficiency and strategic investments in infrastructure projects [1][2]. Financial Performance - The company achieved a revenue of approximately HKD 731 million for the first half of 2025, representing a year-on-year increase of about 36% [1][2]. - Gross profit for the same period was approximately HKD 295 million, up about 26% from the previous year [1][2]. - The profit attributable to the company's owners was approximately HKD 339 million, a rise of about 30% compared to HKD 261 million in the same period last year [1][2]. - Basic and diluted earnings per share were reported at HKD 0.0477 [1]. Dividend Distribution - The board declared an interim dividend totaling HKD 271 million for the six months ending June 30, 2025 [1]. - A special dividend of HKD 768 million was announced on March 26, 2025, with the first installment of HKD 256 million paid on April 14, 2025, and subsequent payments scheduled for September 26, 2025, and December 29, 2025 [1]. Business Operations - The company operates as a leading smart infrastructure asset service provider in China, focusing on "asset operation + asset financing" as its core directions [2]. - The operational revenue from asset management was approximately HKD 511 million, reflecting a 26% increase year-on-year, while asset financing revenue reached approximately HKD 220 million, up 69% [2]. - The company has established a comprehensive investment and operation system covering infrastructure and technology sectors, including four main business segments: parking asset management, industrial space management, REITs investment, and equity investment [2]. Industry Innovation - The company is proactively investing in the robotics industry through various funds and has established a dedicated robotics technology company to support comprehensive development [3]. - By leveraging capital empowerment and scenario operations, the company is driving the digital upgrade of assets and building a forward-looking industrial ecosystem [3].