Group 1: Company Performance - Puda Technology (00650.HK) reported a significant decline in sales revenue from cleaning equipment and related services for the solar and semiconductor manufacturing sectors, dropping from HKD 77.3 million to HKD 9.1 million, a decrease of approximately 88.2% [1] - The decline in sales is attributed to the downturn in the photovoltaic industry, with the global solar market facing adjustments since the end of 2023 due to reduced demand and project delays [1] Group 2: Industry Insights - Hongbo Mining's crude oil sales net revenue decreased from HKD 84.7 million to HKD 68.4 million, a reduction of about 19.2% [2] - The decrease in revenue is primarily due to lower selling prices and a slight reduction in sales volume, with the average Brent crude oil price falling to approximately HKD 535 per barrel during the reporting period [2] - Hongbo Mining's average unit selling price for crude oil decreased from HKD 625 per barrel to approximately HKD 525 per barrel, aligning with global oil price trends [2] - The net sales volume slightly decreased from 135,470 barrels to 130,289 barrels, mainly due to a reduction in production [2] - The company's loss significantly decreased from HKD 165 million to HKD 93.3 million, a reduction of approximately 43.5% [2]