Core Viewpoint - Feitian Yundong (06610.HK) has successfully completed a placement of 433 million new shares at a price of HKD 0.174 per share, raising approximately HKD 74.53 million for strategic investments in advertising and R&D [1] Group 1: Share Placement Details - The placement involved issuing 433 million new shares, which represents approximately 20% of the issued shares prior to completion and about 16.67% of the enlarged issued share capital post-placement [1] - The net proceeds from the placement, after deducting commissions and related expenses, amount to approximately HKD 74.53 million [1] Group 2: Use of Proceeds - Approximately 60% of the net proceeds, or about HKD 44.72 million, will be allocated to acquiring advertising traffic from media platforms or authorized agents to enhance the company's AR/VR marketing services in domestic and international markets [1] - About 30% of the net proceeds, or approximately HKD 22.36 million, will be used to strengthen the company's R&D capabilities and improve its service and product offerings [1]

Core Viewpoint - The company expects to report a significant loss of approximately RMB 100 million to 130 million for the first half of 2025, a sharp decline from a profit of approximately RMB 63.5 million in the same period of 2024 [1] Financial Performance - The anticipated decline in performance is primarily attributed to a decrease in gross profit, mainly due to a reduction in revenue from the augmented reality and virtual reality (AR/VR) marketing services, expected to decrease by approximately RMB 108.2 million compared to the mid-2024 period [1] - The impairment loss on trade receivables is projected to increase by no more than approximately RMB 90 million compared to the mid-2024 period, following an internal assessment of the recoverability of these receivables [1] - Sales and distribution expenses are expected to rise by approximately RMB 59.2 million, primarily due to increased marketing expenses paid to third-party service providers, reflecting the company's intensified efforts to launch and promote its services and platforms during the first half of 2025 [1]

Core Viewpoint - The company, Feitian Yundong (06610), anticipates a significant loss for the first half of 2025, projecting a loss attributable to equity holders of approximately RMB 100 million to 130 million, a sharp decline from a profit of approximately RMB 63.5 million in the same period of 2024 [1] Group 1: Financial Performance - The expected loss for 2025 is primarily attributed to a decrease in gross profit, mainly due to a decline in revenue from the augmented reality and virtual reality (AR/VR) marketing services business, which is projected to decrease by approximately RMB 108.2 million compared to the mid-2024 period [1] - The impairment loss on trade receivables, following internal assessments of recoverability, is expected to increase by no more than approximately RMB 90 million compared to the mid-2024 period [1] - Sales and distribution expenses are anticipated to rise by approximately RMB 59.2 million, primarily due to increased marketing expenditures paid to third-party service providers, reflecting the company's intensified efforts to launch and promote its services and platforms during the mid-2025 period [1]