Core Insights - The 2025 China Shantou Colored Gemstone Industry Development Conference and the first Shantou International Jewelry Exhibition opened on November 1, 2023, aiming to connect the Shantou jewelry industry with global resources and promote high-end development [1][2] - The event features a "one conference, one exhibition" model, which is a key activity under Guangdong's "cross-border e-commerce + industrial belt" initiative [1] Group 1: Event Structure and Objectives - The event consists of an industry development conference, a themed exhibition, and six supporting activities, designed to fully unleash the development potential of Shantou's colored gemstone and gold and silver jewelry industry [1] - The conference included three main segments: a leadership tour, an opening ceremony, and keynote speeches, aimed at building a global consensus in the industry [1] - Key initiatives announced include the release of the Gemports Index (GPI) to provide data support for industry pricing and trend analysis, and the establishment of the Shantou City Fashion Industry Technology Innovation Center to facilitate technology research and development [1] Group 2: Exhibition Details and Participation - The first Shantou International Jewelry Exhibition runs from November 1 to 3, attracting over 3,000 participating enterprises and featuring eight major themed exhibition areas covering the entire industry chain [2] - The event also attracted over 1,000 professional buyers and investors, showcasing a diverse range of domestic and international jewelry enterprises, research institutions, and well-known live streaming teams [2] - Shantou, recognized as "China's Colored Gemstone Capital" and "China's Jewelry Capital," is presenting itself with a new image through this event, which aims to promote the region's industry towards internationalization, branding, and high-end development [2]

Core Insights - Shenzhen is focusing on upgrading traditional industries to align with modern technological advancements and market demands, aiming to enhance the overall scale of traditional industries to over 700 billion yuan within three years [1][2][3] Group 1: Traditional Industry Development - Traditional industries are characterized by labor-intensive and manufacturing processes, relying on mature technologies and stable market systems, contrasting with emerging industries that are driven by new technologies and high innovation [2] - Shenzhen's traditional industries, such as textiles, packaging, furniture manufacturing, and jewelry, are recognized as national benchmarks, with the watch industry leading global production [2] - The push for traditional industry optimization reflects a pragmatic approach to meet consumer demands and stimulate economic recovery [2] Group 2: Technological Empowerment - Traditional industries can transform into new productive forces through the integration of new technologies, particularly with the ongoing technological revolution represented by artificial intelligence [2][3] - The AI eyewear market is projected to grow significantly, with Shenzhen's eyewear industry expected to reach an annual output value of over 15 billion yuan and account for 50% of the global mid-to-high-end eyewear market by 2024 [3] - The initiative to upgrade traditional industries will enhance their development capabilities, expand market opportunities for tech companies, and foster a robust ecosystem for new products and business models [3]

Core Viewpoint - The company expects a significant decrease in profit attributable to shareholders for the mid-term of fiscal year 2025, projecting a reduction of approximately 60% to 80% compared to the mid-term profit of approximately HKD 25.4 million reported for fiscal year 2024 [1] Group 1: Profit Forecast - The anticipated profit for the mid-term of fiscal year 2025 will be substantially lower than the previous year, with a forecasted decrease of 60% to 80% [1] - The profit for the mid-term of fiscal year 2024 was approximately HKD 25.4 million [1] Group 2: Reasons for Profit Decrease - The expected decrease in profit is primarily due to realized and unrealized losses from gold futures contracts for the mid-term of fiscal year 2025 [1] - The company will recognize impairment losses on properties held for sale, specifically related to the comprehensive industrial center in Foshan, Guangdong Province [1] - Implementation of stricter expenditure controls will lead to a reduction in selling and distribution costs, as well as general and administrative expenses, partially offsetting the negative impacts [1] - There will be no recovery of excess tax provisions in fiscal year 2025, which was previously recorded in fiscal year 2024 [1]

Core Viewpoint - The company expects a significant decrease in profit attributable to shareholders for the interim period ending June 30, 2025, projecting a reduction of approximately 60% to 80% compared to the previous interim period [1] Financial Performance - The anticipated profit attributable to shareholders for the interim period is expected to be around 25.4 million HKD, which represents a substantial decline [1] - The decrease in profit is primarily attributed to realized and unrealized losses on gold futures contracts [1] Asset Management - The company has recognized impairment losses on properties held for sale, specifically related to the comprehensive industrial center in Foshan, Guangdong [1] Cost Management - The implementation of stricter controls on expenditures has led to a reduction in sales and distribution costs, as well as general and administrative expenses, which partially offsets the negative impacts mentioned [1] Tax Provisions - There was a reversal of excess tax provisions in the previous interim period, but no such reversal is recorded for the upcoming interim period [1]