Core Insights - Guangzhou Light Industry Group successfully held the results release of its innovation and entrepreneurship sector and the global investment promotion conference for Wuyang Smart Plaza, highlighting the operational strength of its subsidiary, Xincheng Company, under the listed company Hongmian Co., Ltd. [2] Group 1 - Xincheng Company operates the "T.I.T" brand parks, which have reached 9 in total, with an operational area exceeding 300,000 square meters [2] - The company has achieved significant results through its external expansion system of "capital empowerment + model shaping + networking," continuously exceeding performance commitments for two consecutive years, becoming a core growth engine for Hongmian Co., Ltd. [2][3] - The operational parks have formed an industrial ecosystem focusing on artificial intelligence, cultural creativity, and new business incubation, driving the layout of the Guangdong-Hong Kong-Macao Greater Bay Area industrial cluster [3] Group 2 - Xincheng Company employs a "repairing old as old" micro-renovation concept to create quality industrial spaces, exemplified by the T.I.T Innovation Park, which focuses on biomedicine and scientific innovation manufacturing [3] - In 2024, Hongmian Co., Ltd. reported a non-recurring net profit of 77.14 million yuan, a substantial increase of 85.21% year-on-year, and for the first nine months of 2025, the non-recurring net profit reached 77.17 million yuan, a year-on-year growth of 13.87% [3] - The ongoing support from Guangzhou Light Industry Group is expected to enhance Hongmian Co., Ltd.'s operational management and service quality, laying a solid foundation for sustained performance growth [4]

Group 1 - The T.I.T Innovation Park, operated by Xinchicheng Company, was officially inaugurated in Guangzhou, focusing on the biopharmaceutical and sci-tech manufacturing industries, covering an area of approximately 15,000 square meters with a building area of about 27,000 square meters [1] - The park has introduced over 30 quality enterprises, including 5 high-tech companies and 2 specialized and innovative enterprises, creating around 500 job positions [1] - The inauguration signifies the continuous expansion of Hongmian Co., Ltd. in the cultural and creative industry park development and operation sector, with Xinchicheng Company focusing on old factory renovations and industrial ecosystem construction [1] Group 2 - According to the 2024 financial report, Hongmian Co., Ltd. achieved a net profit attributable to shareholders of 77.1395 million yuan, representing a year-on-year increase of 85.21% [2] - During the reporting period, Xinchicheng Company added two new brand parks, T.I.T Huizhi Valley and T.I.T Lexin [2] - The company plans to enhance its park management capabilities and explore innovative service models, aiming to strengthen the brand influence of innovation and entrepreneurship parks as a key driver for sustainable business growth [2]