Core Points - The company, Shengbo Holdings (stock code: 02340), announced a financing plan through the placement of new shares, issuing 127,448,000 shares to raise approximately HKD 17.5 million, with a net amount of about HKD 16.9 million after expenses [1] - The placement price of HKD 0.137 represents a discount of approximately 16.46% compared to the closing price of HKD 0.164 on the previous trading day, and a discount of about 19.51% compared to the average closing price over the last five trading days [1] - The newly issued shares will account for approximately 20.00% of the existing issued share capital and approximately 16.67% of the enlarged share capital after completion [1] Financial Allocation - Approximately HKD 5 million of the raised funds will be used to pay professional fees, while about HKD 11.9 million will be allocated for general corporate purposes [1] - The issuance is conducted under the general authorization granted by the shareholders' meeting and is expected to be completed by October 20, 2025, or a later date agreed upon in writing with the placement agent [1] Company Overview - Shengbo Holdings primarily engages in indoor decoration and special project businesses, as well as property and facility management services in China [1]

Core Viewpoint - Fengsheng Life Services (00331) reported a decline in revenue and profit for the fiscal year ending June 30, 2025, primarily due to reduced government subsidies and lower contributions from the electromechanical engineering services segment [1] Financial Performance - Revenue for the year was HKD 8.16 billion, a decrease of 3.4% year-on-year [1] - Shareholders' profit amounted to HKD 453 million, down 9.6% compared to the previous year [1] - Basic earnings per share were HKD 0.99, with a proposed final dividend of HKD 0.185 per share [1] Contributing Factors - The decline in profit was mainly attributed to a reduction in government subsidies, which fell from HKD 25.8 million in 2024 to HKD 1.6 million in 2025 [1] - The electromechanical engineering services segment contributed less to overall performance, although this was partially offset by strong performance in the integrated life services segment, which includes security, cleaning, pest control, technical support, maintenance, and insurance services [1] - The group's net profit margin decreased from 5.9% last year to 5.6% this year [1]

Core Insights - The company reported a revenue of HKD 8.16 billion for the fiscal year ending June 30, 2025, representing a year-on-year decline of 3.4% [1] - Shareholders' profit attributable to the company was HKD 453 million, down 9.6% compared to the previous year [1] - Basic earnings per share were HKD 0.99, with a proposed final dividend of HKD 0.185 per share [1] Financial Performance - The decrease in profit was primarily due to a reduction in government subsidies, which fell from HKD 25.8 million in 2024 to HKD 1.6 million in 2025 [1] - The contribution from the electromechanical engineering services segment was lower, impacting overall profitability [1] - However, the decline was partially offset by strong performance in the integrated living services segment, which includes system security, guarding and event services, cleaning and pest control, technical support and maintenance, and insurance services [1] - The company's net profit margin decreased from 5.9% in the previous year to 5.6% in the current year [1]