Group 1 - The core viewpoint of the article is that Zhongmu International (01822) reported a decline in revenue and a loss for the six months ending June 30, 2025, indicating challenges in its timber-related business [1] - The company achieved revenue of HKD 144 million, a decrease of 15.56% year-on-year [1] - The loss attributable to shareholders was HKD 929,000, which represents a reduction of 60.65% compared to the previous year [1] - The basic loss per share was HKD 0.13 [1] Group 2 - The decrease in revenue was primarily due to a decline in the turnover of the timber-related business, which fell from approximately HKD 170 million for the six months ending June 30, 2024, to about HKD 133 million during the reporting period [1]

Core Viewpoint - ST Jinggu's stock price has experienced significant volatility, with a cumulative increase of over 12% in three consecutive trading days, followed by a trading halt on August 18, 2025 [1] Group 1: Stock Performance - The stock price of ST Jinggu has shown a substantial increase, with a cumulative rise of over 12% in three consecutive trading days [1] - The stock hit the trading limit again on August 18, 2025, indicating continued investor interest despite underlying risks [1] Group 2: Risk Factors - The company issued a risk warning regarding the potential for significant stock price fluctuations, suggesting that a short-term increase may be followed by a decline [1] - The planned sale of a 51% stake in Huiyin Wood Industry is still in the planning stage, introducing uncertainty and the possibility of triggering delisting warnings [1] - Huiyin Wood Industry is involved in 12 property preservation and litigation cases, with a total amount of approximately 95.15 million yuan at stake, which could impact the company's operations [1] - Two production lines at Huiyin Wood Industry are currently shut down, with no estimated time for resumption of operations [1] - The company faces a loss of approximately 19 million yuan in inventory write-offs, which may be difficult to recover [1] - The company's half-year performance for 2025 is expected to decline significantly [1] - Since April 30, 2025, the company has been under other risk warnings, and the situation has not improved [1]