Core Viewpoint - Champion Technology Group (00092.HK) reported a significant decline in total revenue for the fiscal year ending June 30, 2025, amounting to approximately HKD 57.31 million, representing a year-on-year decrease of about 72.7% due to a notable reduction in data center operations [1] Financial Performance - The company recorded a loss attributable to shareholders of approximately HKD 44.23 million for the year, compared to a loss of about HKD 12.40 million in 2024 [1] - The increase in losses is attributed to a decrease in contributions from smart city solutions and renewable energy businesses, as well as a fair value gain on financial assets of approximately HKD 19.40 million, contrasting with a fair value loss of HKD 19.50 million in 2024 [1] - The loss per share for the year was HKD 0.0503, compared to HKD 0.0182 in 2024 [1]

智通财经APP讯，冠军科技集团(00092)发布截至2025年6月30日止年度业绩，收益5731.1万港元，同比 下降72.5%;公司拥有人应占亏损4422.6万港元，同比扩大256.1%;每股基本亏损5.03港仙。 年内亏损增加的综合原因是由于智慧城市解决方案及可再生能源业务的贡献有所减少;及有按公平值计 入损益的金融资产公平值收益约1940万港元(2024年：公平值亏损为1950万港元)所致。本年度毛利率约 由去年同期的5.5%上升至本年度的7.4%，主要是因为本年度智慧城市解决方案较低的利润率有所减少 所致。 ...

9月26日，宏景科技跌5.46%，截至发稿，报80.16元/股，成交4.19亿元，换手率6.71%，总市值123.06亿 元。 截至发稿，吴远怡累计任职时间4年363天，现任基金资产总规模204.78亿元，任职期间最佳基金回报 112.42%， 任职期间最差基金回报-13.36%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，广发基金旗下1只基金位居宏景科技十大流通股东。广发科技创新混合A（008638）二季度 新进十大流通股东，持有股数255.79万股，占流通股的比例为3.36%。根据测算，今日浮亏损失约 1184.31万元。 广发科技创新混合A（008638）成立日期2019年12月25日，最新规模26.57亿。今年以来收益58.45%， 同类排名762/8171；近一年收益103.2%，同类排名489/8004；成立以来收益146.28%。 广发科技创新混合A（008638）基金经理为吴远怡。 资料显示，宏景科技股份有限公司位于广东 ...

9月24日，宏景科技盘中上涨2.02%，截至10:44，报76.60元/股，成交3.34亿元，换手率5.87%，总市值 117.59亿元。 资料显示，宏景科技股份有限公司位于广东省广州市黄埔区映日路111号，成立日期1997年3月7日，上 市日期2022年11月11日，公司主营业务涉及面向政府机关、事业单位、企业等客户,在智慧民生、城市 综合管理、智慧园区三大领域提供包括智慧医疗、智慧教育、智慧社区、智慧楼宇、智慧政务、智慧园 区等智慧城市解决方案。主营业务收入构成为：算力服务91.28%，智慧城市业务8.72%。 宏景科技所属申万行业为：计算机-IT服务Ⅱ-IT服务Ⅲ。所属概念板块包括：年度强势、云计算、人工 智能、算力概念、物联网等。 截至7月31日，宏景科技股东户数2.68万，较上期减少12.10%；人均流通股2842股，较上期增加 13.77%。2025年1月-6月，宏景科技实现营业收入11.88亿元，同比增长567.14%；归母净利润6028.04万 元，同比增长725.73%。 资金流向方面，主力资金净流出193.70万元，特大单买入2939.65万元，占比8.80%，卖出2700.41万元， 占 ...

Summary of Key Points Core Viewpoint - Champion Technology Group (00092.HK) anticipates a consolidated net loss attributable to shareholders of approximately HKD 42 million to HKD 46 million for the fiscal year ending June 30, 2025, compared to a loss of about HKD 12 million for the fiscal year ending June 30, 2024 [1] Group Analysis - The expected losses are primarily due to several factors: - Geopolitical issues have led to a shortage of key components for data centers, significantly hindering the development of the smart city industry. This has resulted in a notable decrease in revenue and operational performance for the company's smart city solutions business, along with a significant increase in expected credit losses from accounts receivable due to delayed customer payments [1] - The Hong Kong government has indicated that the subsidy program for online electricity prices is unlikely to be extended beyond its expiration in 2033. Consequently, investors in general renewable energy projects are becoming hesitant, leading to a significant reduction in revenue and operational performance for the company's renewable energy business [1] - During the fiscal year ending June 30, 2024, the company recorded a one-time gain of HKD 32.1 million from the disposal of a hotel in Dongguan, which is considered non-recurring in nature [1]

Core Viewpoint - Champion Technology Group (00092) expects a consolidated net loss attributable to shareholders of approximately HKD 42 million to 46 million for the year ending June 30, 2025, compared to a loss of about HKD 12 million for the year ending June 30, 2024 [1] Summary by Relevant Categories Financial Performance - The expected loss for the upcoming fiscal year is significantly higher than the previous year's loss, indicating a deteriorating financial outlook for the company [1] - The company recorded a one-time gain of HKD 32.1 million from the disposal of a hotel in Dongguan for the year ending June 30, 2024, which is classified as non-recurring [1] Business Operations - The anticipated losses are attributed to several factors, including a shortage of key components for data centers due to geopolitical issues, which has severely hindered the development of the smart city industry [1] - There has been a significant reduction in revenue and operational performance from the smart city solutions business [1] - The renewable energy business also experienced a notable decline in revenue and operational performance, partly due to the Hong Kong government's indication that the subsidy program for online electricity prices may not be extended beyond 2033, leading to hesitance among investors in renewable energy projects [1]

Group 1 - The company expects a consolidated net loss attributable to shareholders of approximately HKD 42 million to HKD 46 million for the year ending June 30, 2025, compared to a loss of approximately HKD 12 million for the year ending June 30, 2024 [1] - The anticipated loss is primarily due to geopolitical factors causing shortages in key components for data centers, severely hindering the development of the smart city industry [1] - The company's smart city solutions business has experienced a significant decrease in revenue and operational performance, alongside a notable increase in expected credit losses from accounts receivable due to delayed customer payments [1] Group 2 - The Hong Kong government has indicated that the subsidy program for online electricity prices is unlikely to continue after its expiration in 2033, leading to hesitance among investors in renewable energy projects [1] - The company's renewable energy business has also seen a significant reduction in revenue and operational performance [1] - A one-time gain of HKD 32.1 million from the disposal of a hotel in Dongguan during the year ending June 30, 2024, is classified as non-recurring [1]

Core Viewpoint - Hongjing Technology's stock price has shown significant growth this year, with a year-to-date increase of 275.21%, indicating strong market interest and performance [2]. Group 1: Stock Performance - As of September 19, Hongjing Technology's stock price was 75.12 CNY per share, with a market capitalization of 11.532 billion CNY [1]. - The stock has experienced a slight increase of 0.16% over the last five trading days, a 21.93% increase over the last 20 days, and an 18.73% increase over the last 60 days [2]. - The company has appeared on the trading leaderboard 25 times this year, with the most recent appearance on August 28, where it recorded a net buy of -135 million CNY [2]. Group 2: Financial Performance - For the first half of 2025, Hongjing Technology reported a revenue of 1.188 billion CNY, representing a year-on-year growth of 567.14%, and a net profit attributable to shareholders of 60.28 million CNY, up 725.73% year-on-year [3]. - The company has distributed a total of 49.3449 million CNY in dividends since its A-share listing [4]. Group 3: Shareholder and Institutional Holdings - As of July 31, the number of shareholders for Hongjing Technology was 26,800, a decrease of 12.10% from the previous period, while the average number of circulating shares per person increased by 13.77% to 2,842 shares [3]. - The top ten circulating shareholders include Yongying Digital Economy Mixed Fund, which increased its holdings by 1.8504 million shares, and Guangfa Technology Innovation Mixed Fund, which is a new shareholder [4].

Core Viewpoint - *ST Dongtong is facing administrative penalties from the China Securities Regulatory Commission (CSRC) for falsifying financial data in its periodic reports from 2019 to 2022, leading to significant revenue and profit inflation [1][4]. Group 1: Financial Misconduct - The company inflated its revenue by CNY 61.45 million, CNY 84.85 million, CNY 125.51 million, and CNY 160.53 million for the years 2019 to 2022, respectively, which accounted for 12.29%, 13.25%, 14.54%, and 17.68% of the reported revenue for those years [2]. - The inflated profits for the same years were CNY 52.23 million, CNY 58.77 million, CNY 79.48 million, and CNY 123.69 million, representing 34.11%, 22.72%, 30.35%, and 219.43% of the reported profit totals [2]. Group 2: Securities Issuance Violations - The company fabricated significant false content in its securities issuance documents, including the "募集说明书" (Offering Document), which referenced the inflated financial data from its annual reports [3][4]. - The CSRC found that the company’s actions constituted violations of the Securities Law, specifically regarding information disclosure and fraudulent issuance [4]. Group 3: Penalties and Consequences - The CSRC proposed a fine of CNY 229 million for *ST Dongtong and additional fines for key individuals involved, including CNY 26.5 million for the former chairman and general manager, Huang Yongjun [7]. - Huang Yongjun is also facing a 10-year ban from the securities market due to his significant role in the violations [7]. Group 4: Company Performance - *ST Dongtong has experienced a decline in revenue for three consecutive years from 2022 to 2024, with a total loss of nearly CNY 1.3 billion [8]. - In the first half of the current year, the company reported revenue of CNY 240 million, a year-on-year increase of 48.85%, while reducing its net loss from CNY 1.66 billion to CNY 551.58 million, a decrease of over CNY 110 million or 66.80% [8].

Group 1 - The company, Hongjing Technology, announced a fundraising plan to raise up to 1.354 billion yuan through a private placement of no more than 46.0553 million shares, with 1.054 billion yuan allocated for the construction and operation of an intelligent computing cluster project [1] - The intelligent computing cluster project aims to purchase high-performance computing servers, optimize and network them for operation, providing efficient intelligent computing services to clients, with a construction period of 12 months [1] - In the first half of 2025, the company achieved operating revenue of 1.188 billion yuan, a year-on-year increase of 567.14%, and a net profit attributable to shareholders of 60.28 million yuan, while it reported a net loss of 9.6336 million yuan in the first half of 2024 [1] Group 2 - Starting in 2023, the company launched a complete set of solutions and services for intelligent computing center construction, generating operating revenue of 116 million yuan in the same year [2] - In 2024, the company signed contracts worth approximately 1.338 billion yuan for its computing business, achieving operating revenue of 466 million yuan, a year-on-year increase of 302.38% [2] - In the first half of 2025, the company signed contracts worth approximately 3.303 billion yuan for its computing business, achieving operating revenue of 1.084 billion yuan [2] Group 3 - The company has a rich customer base and rapidly growing computing business orders, providing a solid market foundation for the fundraising project [3] - The company possesses solid IT and computing equipment implementation and operation experience, having completed multiple computing cluster construction projects for various clients [3] - The computing business has become the strategic focus of the company's future development, and the company aims to enhance its core competitiveness and sustain growth in operating performance through increased investment in this area [3]