公告称，减少主要由于联交所进一步扩大无纸化上市机制，导致香港上市发行人对印刷纸本文件的需求 减少。 REF HOLDINGS(01631)公布2025年中期业绩，收益5334.6万港元，同比减少15.62%;净利447.7万港元， 同比减少15.56%;每股基本盈利1.75港仙。 ...

Group 1 - The core viewpoint of the article is that REF HOLDINGS (01631) reported a decline in both revenue and net profit for the first half of 2025, attributed to reduced demand for printed documents due to the Hong Kong Stock Exchange's expansion of its paperless listing mechanism [1] Group 2 - REF HOLDINGS' revenue for the first half of 2025 was HKD 53.346 million, representing a year-on-year decrease of 15.62% [1] - The company's net profit for the same period was HKD 4.477 million, reflecting a year-on-year decline of 15.56% [1] - The basic earnings per share were reported at HKD 0.0175 [1]