Revenue and Sales Performance - Revenue increased by 9.8% to approximately RMB 20,700.5 million (2024: RMB 18,854.6 million) [2] - Sales volume rose by 11.2% to 900,100 tons (2024: 809,312 tons) [2] - The total revenue for the group in 2025 was RMB 20,700,535,000, compared to RMB 18,854,641,000 in 2024, indicating a growth of about 9.8% [19] - The group's revenue from aluminum profile sales reached RMB 20,355,283,000 in 2025, up from RMB 18,535,655,000 in 2024, representing an increase of approximately 9.8% [19] - The total revenue and sales volume for the year increased by 9.8% and 11.2% to approximately RMB 20,700.5 million and 900,100 tons, respectively, compared to RMB 18,854.6 million and 809,312 tons in 2024 [54] Profitability - Gross profit decreased by 26.2% to approximately RMB 1,301.2 million (2024: RMB 1,763.7 million) [2] - Profit attributable to shareholders decreased by 23.5% to approximately RMB 632.2 million (2024: RMB 826.0 million) [2] - The gross profit for the group in 2025 was RMB 1,301,152,000, a decrease from RMB 1,763,698,000 in 2024, reflecting a decline of approximately 26.1% [24] - The group reported a pre-tax profit of RMB 742,272,000 in 2025, down from RMB 965,354,000 in 2024, which is a decrease of about 23.2% [24] - Net profit attributable to shareholders was RMB 632.2 million, a decrease of 23.5% from RMB 826.0 million in 2024 [46] Dividends - Proposed final dividend per ordinary share is HKD 0.50 (2024: HKD 0.64) [2] - The company proposed a final dividend of HKD 0.50 per share for 2025, down from HKD 0.64 per share in 2024, which is a reduction of approximately 21.88% [30] Assets and Liabilities - Total assets less current liabilities increased to RMB 8,970.9 million (2024: RMB 8,296.4 million) [7] - Non-current liabilities increased to RMB 2,683.7 million (2024: RMB 2,388.9 million) [7] - Total equity increased to RMB 6,287.2 million (2024: RMB 5,907.5 million) [7] - The total amount of trade receivables and notes receivable (net of impairment) was RMB 4,806,320,000 in 2025, down from RMB 4,939,460,000 in 2024, a decrease of about 2.69% [36] - The total liabilities related to trade and other payables decreased to RMB 5,010,737,000 in 2025 from RMB 5,230,340,000 in 2024, a decline of about 4.20% [40] Cash Flow and Investments - Cash and cash equivalents decreased to RMB 1,647.9 million (2024: RMB 2,726.1 million) [6] - The net cash generated from operating activities was RMB 980,400,000, down 30.7% from RMB 1,415,490,000 in the previous year [8] - The total cash outflow from investing activities was RMB 1,802,989,000, significantly higher than RMB 884,649,000 in 2024 [9] - The company received interest and dividend income of RMB 88,848,000, an increase of 92.9% compared to RMB 46,070,000 in 2024 [9] - The cash and cash equivalents at the end of the year were RMB 1,647,878,000, down from RMB 2,726,060,000 at the beginning of the year [9] Operational Efficiency - The company has established seven production bases in China, with a total capacity exceeding 1 million tons per year, enhancing production efficiency [52] - The company is focusing on digital and automated upgrades in production processes, with a new digital production base in Zhejiang fully operational, improving efficiency and reducing costs [52] - The inventory turnover period slightly increased, indicating improved production planning and stable inventory turnover [77] - The accounts receivable turnover period for the year ending December 31, 2025, remains stable at 86 days, consistent with 2024, due to effective credit control measures [80] - The accounts payable turnover period is also stable at 80 days for both 2025 and 2024, reflecting consistent payment arrangements with suppliers [82] Market and Strategic Outlook - The company is actively expanding into the home decoration market, which is expected to provide stable demand and enhance brand influence [48] - The overall economic environment in China showed a GDP growth of 5.0% in 2025, with the real estate market gradually stabilizing under supportive policies [43] - The outlook for 2026 indicates a cautious optimism for industry growth, driven by the demand for lightweight and energy-saving solutions in emerging sectors like new energy vehicles and photovoltaics [57] - The company is making significant progress in overseas markets, with a 20,000-ton aluminum extrusion project in Australia officially launched in 2025 and an 180,000-ton aluminum alloy project in Vietnam under construction [53] Financial Management and Governance - The company maintained a cautious business strategy, focusing on partnerships with reputable and financially stable real estate developers, which helped mitigate financial risks [47] - The company's financial risk management policies are in place to monitor settlement situations effectively [41] - The audit committee consists of three independent non-executive directors and one non-executive director, with a majority being independent [101] - Deloitte has verified the financial data disclosed in the preliminary announcement for the year ending December 31, 2025, but did not provide an assurance conclusion [102] - The company's annual report for 2025 will be published on the Hong Kong Stock Exchange and the company's website at an appropriate time [103]

（於開曼群島註冊成立之有限公司） （股份代號：98） 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。 XINGFA ALUMINIUM HOLDINGS LIMITED 興 發 鋁 業 控 股 有 限 公 司 二零二六年三月十六日 於本公佈日期，本公司董事如下： 執行董事： 非執行董事： 獨立非執行董事： 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 左滿倫先生 王磊先生 陳默先生 何君堯先生 林英鴻先生 董事會會議通告 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 零二六年三月二十六日（星期四）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十二月三十一日止年度之經審核末期業績、及考慮建議派發 末期股息（如有）。 承董事會命 興發鋁業控股有限公司 主席 王立 文獻軍先生 ...

Group 1 - The aluminum sector in the Hong Kong stock market is experiencing significant activity, with notable price increases among key companies [1] - China Hongqiao has seen its stock price rise over 3%, approaching historical highs [1] - China Aluminum's stock has increased by more than 2%, while other companies like Chuang Ke Industrial and Xingfa Aluminum have also shown positive movements, with increases of 1.9% and over 1%, respectively [1]

Group 1 - The aluminum sector in Hong Kong is experiencing significant activity, with China Hongqiao rising over 3%, China Aluminum increasing by more than 2%, and other companies like Chuangke Industrial and Xingfa Aluminum also seeing gains [1][1][1] - The LME aluminum price reached its highest level since May 2022, rising over 4% after a force majeure event at Alba [1][1][1] - By 2025, the Middle East is projected to have alumina production capacity of approximately 4.5 million tons per year, accounting for 2% of global capacity, and electrolytic aluminum capacity of about 6.92 million tons per year, representing 9% of global capacity [1][1][1] Group 2 - If the Strait of Hormuz remains blocked, oil and gas prices, as well as overseas electricity prices, may continue to rise significantly, leading to a potential secondary energy crisis [1][1][1] - The aluminum industry is particularly sensitive to energy price fluctuations due to its high electricity consumption [1][1][1] - China's energy import dependency is relatively low at 20%, and the country has competitive energy prices, which could enhance the profitability of domestic aluminum companies if an energy crisis occurs [1][1][1]

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: 2026年2月28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: 2026年3月2日 I. 法定/註冊股本變動 | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《GEM上市規則》第17.37D(1)條或第25.21D(1)條，我們在此確認，就上述所列股份類別而言，截至本月底: | | --- | | ✔ 已符合適用的公眾持股量要求（見下方） | | 未符合適用的公眾持股量要求（見下方） | | 根據《主板上市規則》第13.32B條或第19A.28B條 / 《GEM上市規則》第17.37B條或第25.21B條（視情況而定）所載的有關股份類別的最低公眾持股量要求為： | | 適用的公眾持股量門檻 初始指定門檻 - 上市股份所屬類別的已發行股份總數(不包括庫存股份)的25% | | 額外信息 | | 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 | | | --- | --- | --- ...

Group 1 - The core point of the article is that Huagong Technology's AI high-speed optical module orders are fully booked until the fourth quarter of this year [2] - Huagong Technology's production lines for high-speed optical modules are operating at full capacity 24 hours a day, with orders extending to 2026 [4] - The company plans to increase the production capacity of its 800G and 1.6T high-speed optical modules by over 50% this year to meet market demand [5] Group 2 - Huagong Technology is among the top ten optical module manufacturers globally, with a diverse range of products including laser equipment and optical communication electronic components [5] - The company has seen significant growth in its domestic and overseas high-speed optical module production bases, with a year-on-year increase of 111% domestically and 500% overseas expected by 2025 [5] - The market outlook for pluggable optical modules remains positive, with expectations that the industry will return to a performance-driven consensus over time [5]

Group 1 - The core point of the article is that Guangdong Xingfa Aluminum Co., Ltd. has obtained a patent for a method related to high-performance aluminum profile extrusion molds using laser selective melting technology [1] - The patent is titled "A Method for Laser Selective Melting Forming High-Performance Aluminum Profile Extrusion Molds" and has been granted with the announcement number CN116967467B [1] - The application date for the patent was July 2023, indicating the company's ongoing innovation efforts in the aluminum industry [1]

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。 興 發 鋁 業 控 股 有 限 公 司 興發鋁業控股有限公司 主席 王立 香港，二零二六年二月十日 （於開曼群島註冊成立之有限公司） （股份代號：98） 更改香港主要營業地點 興發鋁業控股有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈，自二零二六年二月 十日起，本公司之香港主要營業地點將更改為香港九龍觀塘觀塘道368號波頓科創中心31 樓F室。 承董事會命 XINGFA ALUMINIUM HOLDINGS LIMITED 於本公佈日期，董事會包括以下成員： 執行董事： | 執行董事： | （主席） 王立先生 | | --- | --- | | | 廖玉慶先生 （行政總裁） | | | （財務總監） 鄭建華女士 | | | 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 | | | ...

Group 1 - The company, Xingfa Aluminum (00098), announced the completion of the issuance of the first phase of medium-term notes for 2026, amounting to RMB 300 million with a coupon rate of 2.13% and a maturity of 3 years [1]

Core Viewpoint - Xingfa Aluminum (00098.HK) has successfully issued the first phase of medium-term notes for 2026, amounting to RMB 300 million with a coupon rate of 2.13% and a maturity of 3 years [1] Group 1 - The issuance was completed by Guangdong Xingfa Aluminum Co., Ltd., a wholly-owned subsidiary of the company [1] - The medium-term notes are part of the company's financing strategy to support its operations and growth [1]