格隆汇8月27日丨兴发铝业(00098.HK)发布公告，截至2025年6月30日止六个月，营业额增加11.7%至约 人民币93.23亿元；销量上升12.5%至约40.72万吨；公司拥有人应占溢利减少28.4%至约人民币2.71亿 元，每股盈利为人民币0.64元。 ...

兴发铝业(00098)发布截至2025年6月30日止六个月中期业绩，营业额93.23亿元(人民币，下同)，同比增 加11.66%;股东应占溢利2.71亿元，同比减少28.41%;每股基本盈利0.64元。 ...

智通财经APP讯，兴发铝业(00098)发布截至2025年6月30日止六个月中期业绩，营业额93.23亿元(人民 币，下同)，同比增加11.66%;股东应占溢利2.71亿元，同比减少28.41%;每股基本盈利0.64元。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公佈全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 XINGFA ALUMINIUM HOLDINGS LIMITED 興 發 鋁 業 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：98） 截至二零二五年六月三十日止六個月中期業績公佈 財務摘要 — 1 — 1. 營業額增加11.7%至約人民幣9,323.2百萬元（二四年上半年：人民幣8,349.8百萬元）。 2. 銷量上升12.5%至約407,224噸（二四年上半年：362,049噸）。 3. 本公司擁有人應佔溢利減少28.4%至約人民幣270.9百萬元（二四年上半年：人民幣 378.4百萬元）。 4. 每股盈利為人民幣0.64元（二四年上半年：人民幣0.9元）。 5. 董事會不建議派發二五年上半年之任何中期股息（二四年上半年：無）。 業績 興發鋁業控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈下文所載之本公 司及其附屬公司（統稱「本集團」、「我們」或「興發鋁 ...

XINGFA ALUMINIUM HOLDINGS LIMITED 興 發 鋁 業 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：98） 董事會會議通告 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 承董事會命 興發鋁業控股有限公司 主席 王立 二零二五年八月十五日 於本公告日期，本公司董事會包括以下成員： 執行董事： 王立先生 （主席） 廖玉慶先生 （行政總裁） 鄭建華女士 （財務總監） 羅用冠先生 王志華先生 羅建峰先生 非執行董事： 左滿倫先生 王磊先生 獨立非執行董事： 陳默先生 何君堯先生 林英鴻先生 文獻軍先生 興發鋁業控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本公司將於二 零二五年八月二十七日（星期三）舉行董事會會議，藉以討論及批准（其中包括）本公司及 其附屬公司截至二零二五年六月三十日六個月止之未經審核中期業績、及考慮建議派發 中期股息（如有）。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 興發鋁業控股有限公司 呈交日期: 2025年8月6日 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00098 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 420,649,134 | | | | 420,649,134 | | 增加 / 減少 (-) | | | 0 | | | | | | 本月底結存 | | | 420,649,134 | | 0 | | 420,649,134 | 第 2 頁 共 10 頁 v 1.1.1 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | ...

Financial Performance - In 2024, the Group achieved revenue of RMB 18,854.6 million, representing a year-on-year increase of 8.7% compared to RMB 17,352.6 million in 2023[38]. - The sales volume for the Group was 809,312 tonnes, reflecting a year-on-year increase of 6.8% from 757,480 tonnes in 2023[38]. - The net profit attributable to shareholders was RMB 826.0 million, a year-on-year increase of 2.7% compared to RMB 804.2 million in 2023[38]. - Gross profit decreased by 11.4% year-on-year to approximately RMB 1,763.7 million, while profit attributable to shareholders increased by 2.7% to approximately RMB 826 million[23]. - Revenue from construction aluminium profiles grew by 17.7% year-on-year to approximately RMB 16,621.2 million, with sales volume increasing by 8.1% to approximately 672,915 tonnes[55]. - Revenue from industrial aluminium profiles decreased by 27.6% year-on-year to approximately RMB 1,914.5 million, despite an 8.1% increase in sales volume to approximately 136,397 tonnes[57]. - The Group's gross profit margin decreased by 2.1% to 9.4% (2023: 11.5%), with the sales to production ratio slightly decreasing to 98.8% (2023: 99.5%) [80]. Market Strategy and Development - The Group adopted a prudent approach to overseas business development, enhancing research on trade policies and market dynamics to mitigate risks from trade frictions and exchange rate fluctuations[18]. - The Group is accelerating its expansion into the home decoration and overseas markets, developing lightweight and high value-added products[24]. - The Group aims to maintain market competitiveness and profitability through diversified development in the aluminium profile business[33]. - The Group is focused on expanding its production capacity and overseas deployment, with 7 domestic production bases and ongoing projects in Australia and Vietnam[66]. - The Group plans to enhance cooperation with market partners and explore opportunities in the home decoration market and public facility projects[63]. - The Group is moving towards higher quality, more resilient, and sustainable development in the aluminium profiles industry[19]. Innovation and R&D - The Group has participated in the formulation of over 100 national and industry standards and holds more than 900 valid patents, emphasizing its commitment to innovation[24]. - The Group is focusing on R&D to develop new industrial aluminium profile products to capture market opportunities[46]. - The Group's digital and automated production base in Zhejiang has commenced production, aiming to improve land use and reduce personnel costs[48]. - The Group emphasizes continuous innovation and adaptation to maintain a competitive edge in the challenging market environment[67]. Leadership and Management - The Group's leadership under the board of directors has been pivotal in navigating the challenges of the market and achieving growth[18]. - The company has a strong leadership team with diverse backgrounds in finance, marketing, and engineering, enhancing its operational capabilities[144][145][146][149][151][152]. - The management team has been recognized with various awards, indicating their expertise and contributions to the industry[151]. - The company aims to leverage its leadership's extensive experience to navigate market challenges and capitalize on opportunities[161]. Financial Health and Risk Management - The Group maintained healthy cash flow by deepening relationships with real estate developers with good cash flow conditions, reducing financial risks amid market fluctuations[19]. - The gearing ratio decreased to 19.8% (2023: 24.5%) due to a reduction in loans and borrowings as of December 31, 2024[101]. - The impairment loss on trade and other receivables decreased by RMB225.3 million to RMB67.9 million (2023: RMB293.2 million)[88]. - Finance costs remained stable at approximately RMB104.6 million for the Year (2023: RMB138.1 million) despite an increase in bank borrowings[89]. Market Conditions and Challenges - The international trade situation remains complex and volatile, prompting the Group to adopt a more cautious stance in its overseas operations[18]. - The sales area of newly built commercial housing in China decreased by 12.9% year-on-year in 2024, indicating challenges in the real estate sector[33]. - The demand for construction aluminium profiles is expected to be sustained in the long term due to supportive policies in the real estate market[27]. - The real estate market in China is showing signs of recovery, with new policies expected to further stabilize the market in 2025[34].

Core Viewpoint - The company, Zotye Automobile, is facing significant financial challenges due to overdue debts totaling approximately 1.8 billion yuan, which represents 14.58% of its latest audited net assets [1][2][4] Debt Situation - As of the announcement date, Zotye Automobile and its subsidiaries have a total overdue debt principal of 340 million yuan, with various creditors including China Construction Bank and Zhejiang Commercial Bank [4][7] - The company has acknowledged the existence of unreported overdue debts, which has led to adjustments in its financial statements, including an overstatement of debt restructuring gains by 254 million yuan in 2021 [2][9] Financial Performance - Zotye Automobile's sales data has been absent in recent reports, with only 1,112 vehicles sold in 2023, including just 42 electric vehicles [12] - The company forecasts a revenue of 450 million to 670 million yuan for 2024, with expected net losses ranging from 826 million to 1.238 billion yuan [12][13] Corporate Governance and Control - Following the departure of Huang Jihong, the company's actual controller, Zotye Automobile has entered a "no owner" status, complicating its governance structure [10] - The shares held by the controlling shareholder and its affiliates have recently been frozen due to legal issues related to a loan agreement, impacting 22.96% of the company's total shares [13][14]

Revenue and Profitability - Revenue increased by 8.7% to approximately RMB 18,854.6 million for the year ended December 31, 2024, compared to RMB 17,352.6 million in 2023[2] - Profit attributable to shareholders increased by 2.7% to approximately RMB 826.0 million, compared to RMB 804.2 million in 2023[2] - Earnings per share were RMB 1.96, up from RMB 1.91 in 2023[2] - The company reported a total comprehensive income of RMB 827.3 million for the year, compared to RMB 811.4 million in 2023[5] - The total operating profit before tax for 2024 was RMB 965,354,000, compared to RMB 916,323,000 in 2023, reflecting an increase of about 5.4%[23] - The gross profit for the industrial aluminum profile segment decreased to RMB 72,299,000 in 2024 from RMB 151,610,000 in 2023, indicating a decline of about 52.3%[21] - The gross profit for the building aluminum profile segment slightly decreased to RMB 1,539,299,000 in 2024 from RMB 1,619,793,000 in 2023, a decrease of approximately 4.9%[21] - The group's gross profit decreased by 11.4% to approximately RMB 1,763.7 million, resulting in a gross margin reduction to 9.4% from 11.5% in the previous year[60] Sales and Volume - Sales volume rose by 6.8% to 809,312 tons, up from 757,480 tons in the previous year[2] - Revenue from aluminum sales was RMB 18,535,655 thousand, up from RMB 16,764,600 thousand in the previous year, reflecting a growth of 10.5%[17] - In 2024, the revenue from aluminum profile manufacturing reached RMB 1,408,653,000, an increase of 26.0% compared to RMB 1,117,887,000 in 2023[35] - Revenue from building aluminum profiles was RMB 16,621.2 million, reflecting a 17.7% growth from RMB 14,121.8 million in the same period of 2023[48] - Revenue from industrial aluminum profiles decreased to RMB 1,914.5 million, down 27.6% from RMB 2,642.8 million in 2023[50] Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.64 per ordinary share for the year ended December 31, 2024, unchanged from 2023[2] - The proposed final dividend per share remained at HKD 0.64 for both 2024 and 2023, with total proposed dividends of RMB 247,810,000 for 2024 compared to RMB 243,968,000 for 2023[31] - The company paid dividends to shareholders amounting to RMB 245,629 thousand, an increase from RMB 141,047 thousand in the previous year[9] Assets and Liabilities - Total assets increased to RMB 10,014.1 million from RMB 8,627.0 million in 2023[6] - Current liabilities rose to RMB 6,246.1 million, compared to RMB 4,794.9 million in the previous year[7] - The group reported a total of RMB 5,281,970,000 in trade receivables and other receivables as of December 31, 2024, up 26.0% from RMB 4,191,085,000 in 2023[38] - The group’s trade payables decreased to RMB 1,084,474,000 in 2024 from RMB 1,153,505,000 in 2023, a decline of 6.0%[42] - The group’s total financial liabilities measured at amortized cost increased to RMB 5,195,134,000 in 2024 from RMB 3,784,158,000 in 2023, reflecting a growth of 37.4%[42] Cash Flow and Investments - Net cash generated from operating activities was RMB 1,415.5 million, slightly down from RMB 1,466.6 million in 2023[8] - The company reported a net cash outflow from investing activities of RMB 884,649 thousand, compared to RMB 836,701 thousand in 2023, indicating an increase in investment expenditures[9] - Cash and cash equivalents decreased by RMB 117,036 thousand, ending the year at RMB 2,726,060 thousand, down from RMB 2,840,415 thousand at the beginning of the year[9] - New bank and other borrowings amounted to RMB 1,993,593 thousand, while repayments totaled RMB 2,263,734 thousand, resulting in a net cash outflow from financing activities of RMB 647,877 thousand[9] Operational Efficiency and Costs - Research and development costs for 2024 amounted to RMB 839,561,000, up from RMB 808,426,000 in 2023, representing an increase of approximately 3.9%[27] - The total employee costs for 2024 were RMB 1,188,317,000, an increase from RMB 1,097,199,000 in 2023, reflecting a growth of approximately 8.3%[26] - Distribution costs rose by 6.8% to approximately RMB 399.4 million, accounting for 2.1% of revenue, compared to 2.2% in the previous year[64] - Administrative expenses increased by 2.0% to approximately RMB 447.9 million, representing 2.4% of revenue, down from 2.5% in the previous year[65] Market and Strategic Outlook - The company is currently evaluating the impact of new international financial reporting standards on its future financial statements[14] - The company is expanding its retail business by enhancing its home window and door product line to increase market penetration and brand influence[49] - The company is focusing on digital and automated upgrades in production processes to improve efficiency and reduce costs[51] - The company is actively exploring opportunities in public infrastructure projects, which not only provide revenue growth but also enhance social reputation[49] - The company aims to strengthen partnerships with reputable real estate developers to mitigate financial risks and ensure stable cash flow[48] - The outlook for the real estate industry in 2025 suggests stabilization, driven by government policies, which may positively impact the aluminum profile market[56] - The company maintains a cautiously optimistic view on the long-term development of the aluminum profile industry, despite short-term pressures[58] Financial Reporting and Audit - The audit committee, composed of independent non-executive directors, reviewed the group's financial reporting procedures and internal controls[98] - Deloitte has verified the financial data disclosed in the preliminary announcement for the year ended December 31, 2024, but did not provide an assurance conclusion[99]

Financial Performance - For the six months ended June 30, 2024, the company reported a profit of HKD 378.72 million, compared to HKD 260.91 million for the same period in 2023, representing a year-on-year increase of 45%[18] - Revenue for the six months ended June 30, 2024, was RMB 8,349,840, an increase of 6.7% from RMB 7,826,701 in the same period of 2023[19] - Gross profit decreased to RMB 749,735, down 13.5% from RMB 866,854 year-over-year[19] - Profit before tax increased to RMB 409,728, up 52.4% from RMB 268,692 in the previous year[19] - Net profit attributable to the owners of the company was RMB 378,355, a rise of 45.2% compared to RMB 260,586 in the same period last year[19] - Basic earnings per share increased to RMB 0.90, up from RMB 0.62, representing a growth of 45.2%[20] - Total comprehensive income for the period was RMB 379,011, compared to RMB 261,065 in the previous year, reflecting a growth of 45.2%[23] Tax and Expenses - The income tax expense for the period was HKD 31.01 million, up from HKD 7.78 million in the previous year, indicating a significant increase in tax obligations[18] - The effective tax rate remained at 25% for the company's subsidiaries, with certain subsidiaries benefiting from a reduced rate of 15% due to their status as "high-tech enterprises"[47] - Research and development expenses were eligible for additional tax deductions, reducing the company's tax liability by RMB 32,799,000 for the reporting period[47] Assets and Liabilities - Non-current assets amounted to RMB 4,393,434, an increase from RMB 4,239,211 as of December 31, 2023[24] - Current assets increased to RMB 9,838,021 from RMB 8,624,975, showing a growth of 14.1%[24] - Total liabilities increased to RMB 6,185,502 from RMB 4,794,935, indicating a rise of 29.0%[24] - The company's equity attributable to owners increased to RMB 5,453,076 from RMB 5,318,308, reflecting a growth of 2.5%[28] Cash Flow - Operating cash flow before changes in working capital for the six months ended June 30, 2024, was RMB 724,016,000, a decrease of 4.5% from RMB 758,040,000 in the same period of 2023[31] - Net cash generated from operating activities increased significantly to RMB 680,595,000, compared to RMB 196,692,000 in the previous year, representing a growth of 246.5%[32] - Cash and cash equivalents increased by RMB 34,491,000, compared to an increase of RMB 939,936,000 in the previous year[32] Revenue Breakdown - Revenue from aluminum sales was RMB 8,083,355,000, while revenue from aluminum plates, alloys, molds, and parts was RMB 266,485,000 for the same period[40] - The company reported revenue of RMB 17,875,690,000 for the twelve months ending June 30, 2024, an increase of 5.7% compared to RMB 16,904,802,000 for the same period in 2023[44] - Revenue from building aluminum profiles for the first half of 2024 was RMB 6,694.9 million, a 4.7% increase from RMB 6,396.9 million in the same period of 2023[75] - Sales revenue from industrial aluminum profiles was RMB 1,388.5 million, representing an 11.5% year-on-year growth, with sales volume increasing by 10.3% to 69,083 tons[80] Market and Strategic Insights - Future outlook and performance guidance were not explicitly detailed in the available documents, suggesting a need for further information from subsequent reports or announcements[12] - Market expansion strategies or mergers and acquisitions were not discussed in the available documents, highlighting a gap in strategic insights[12] - The company is actively exploring and expanding into the home decoration market to diversify risks and seek stable growth[75] - The company has established a cautious business strategy, focusing on partnerships with reputable and financially strong developers to mitigate financial risks[75] Corporate Governance - The board confirmed compliance with the corporate governance code throughout the first half of 2024[119] - The audit committee consists of three independent non-executive directors and one non-executive director, ensuring oversight of financial reporting[121] - The company has adopted the standard code for securities trading by directors, confirming adherence by all board members[119] Research and Development - Research and development costs for the six months ended June 30, 2024, amounted to RMB 395,236,000, up from RMB 371,676,000 in the same period of 2023, indicating an increase of about 6.5%[58] - The company holds a total of 1,259 valid patents, including 105 invention patents, 310 utility model patents, and 844 design patents[74] Shareholder Information - Major shareholders include Guangxin Hong Kong Investment Limited with a 31.47% stake and Ling Shang Group Holdings Limited with a 26.11% stake[115] - The group did not declare an interim dividend for the first half of 2024, while there was no dividend declared in the same period of 2023[104]