For the six months ended 30 June 2025, Shenwan Hongyuan (H.K.) Limited reported segment revenue from external customers of HK$306.54 million, compared to HK$146.22 million in the same period of 2024. Including other gains, segment revenue and other gains from external customers totaled HK$319.82 million, up from HK$202.19 million in the prior-year period. By segment for the first half of 2025: - Enterprise finance recorded segment revenue from external customers of HK$50.24 million (2024: HK$32.19 million). - Principal investment reported a segment revenue loss of HK$17.08 million (2024: loss of HK$94.09 million). - Institutional services and trading posted HK$136.13 million (2024: HK$135.08 million). - Wealth management was HK$130.94 million (2024: HK$67.90 million). - Asset management contributed HK$6.31 million (2024: HK$5.14 million). - Other gains totaled HK$13.28 million for 2025 (2024: HK$55.98 million). Segment results and profit before tax for the first half of 2025 were HK$60.49 million, compared to a loss before tax of HK$37.01 million in the same period of 2024. Fee and commission income, which is revenue from contracts with customers within the scope of HKFRS 15, is included in the revenue figures above.