Group 1: Company Achievements - Tongyu Heavy Industry successfully delivered the world's largest diameter ring mill core component, the main roller shaft, showcasing its leading manufacturing capabilities in heavy equipment [1] - The main roller shaft, weighing over 160 tons, was produced from a 313-ton steel ingot through rigorous quality control processes, highlighting the company's strong industrial chain collaboration [1] - In the first half of the year, Tongyu Heavy Industry achieved a net profit of 61 million yuan, representing a year-on-year increase of 49.7% [1] Group 2: Solid-State Battery Developments - Research led by Tsinghua University has made significant progress in polymer electrolytes for solid-state batteries, providing new strategies for developing high safety and high energy density solid-state lithium batteries [4] - The new fluorinated polyether electrolyte developed by the research team enhances physical contact and ionic conductivity at solid-state interfaces, significantly improving battery performance [4] - A polymer soft-pack battery constructed with this electrolyte achieved an energy density of 604 Wh/kg under 1 MPa external pressure, surpassing current commercial batteries [4] Group 3: Market Trends and Projections - The solid-state battery industry is entering a "sprint phase," with global shipments expected to reach 614.1 GWh by 2030, corresponding to a market size in the billion yuan range [5] - Solid-state batteries are anticipated to replace existing liquid lithium batteries in various applications, including electric vehicles and energy storage, while also opening new markets in drones, robotics, and data centers [5] - Several A-share listed companies are making advancements in the solid-state battery sector, with notable developments from companies like MGL and MannsTech [5][6] Group 4: Financing and Stock Performance - Solid-state battery concept stocks have seen an average increase of 50.83% this year, with seven stocks doubling in value [7] - As of September 25, 21 solid-state battery concept stocks recorded net purchases exceeding 100 million yuan, with CATL, XianDao Intelligent, and Guoxuan High-Tech leading in net buying amounts [10] - CATL received the most "positive" ratings from institutions, indicating strong confidence in its innovative product offerings and global market integration [10][11]

Group 1: Solid-State Battery Developments - Solid-state batteries are recognized as a significant development direction for next-generation lithium batteries, particularly with lithium-rich manganese layered oxide as cathode material, showing potential energy density breakthroughs of over 600Wh/kg [3] - A research team led by Professor Zhang Qiang from Tsinghua University has made important advancements in polymer electrolytes for lithium batteries, proposing a new strategy called "rich anion solvation structure," which enhances physical contact and ionic conductivity at solid-state interfaces [3] - The newly developed fluorinated polyether electrolyte has achieved an energy density of 604Wh/kg under 1MPa external pressure, surpassing current commercial batteries, and has demonstrated excellent safety performance in various tests [3] Group 2: Industry Trends and Market Outlook - The solid-state battery industry is entering a "sprint phase," with global shipments expected to reach 614.1GWh by 2030, corresponding to a market scale exceeding 100 billion yuan [4] - Solid-state batteries are anticipated to replace existing liquid lithium batteries in electric vehicles and energy storage, while also expanding into emerging markets such as drones, robotics, and data centers [4] - Several A-share listed companies are making progress in the solid-state battery sector, including MGL, which has developed lithium-rich manganese-based cathode materials and is advancing pilot testing [4][5] Group 3: Company Performance and Stock Market Activity - Tongyu Heavy Industry successfully delivered the world's largest diameter ring mill core component, showcasing its leading manufacturing capabilities in heavy equipment [2] - The company reported a net profit of 61 million yuan in the first half of the year, a year-on-year increase of 49.7%, and its stock has risen by 22.18% year-to-date, with a market capitalization of 12.237 billion yuan [2] - Solid-state battery concept stocks have seen an average increase of 50.83% this year, with 21 stocks experiencing significant net buying from financing clients, including Ningde Times and Xian Dao Intelligent [7]

Core Viewpoint - The Sci-Tech Chip ETF (588200) opened with a decline of 1.00%, indicating a downward trend in the semiconductor sector [1] Group 1: ETF Performance - The Sci-Tech Chip ETF (588200) opened at 2.470 yuan, reflecting a decrease of 1.00% [1] - Since its establishment on September 30, 2022, the ETF has achieved a return of 150.11% [1] - The ETF's return over the past month is reported at 18.87% [1] Group 2: Major Holdings Performance - Key holdings in the ETF include: - SMIC (中芯国际) down 1.04% [1] - Haiguang Information (海光信息) down 1.83% [1] - Cambricon (寒武纪) down 1.56% [1] - Lattice Technology (澜起科技) down 0.73% [1] - Zhongwei Company (中微公司) down 1.04% [1] - Chipone (芯原股份) down 2.70% [1] - Hu Silicon Industry (沪硅产业) down 1.66% [1] - Hengxuan Technology (恒玄科技) down 0.35% [1] - Sitaiwei (思特威) down 0.86% [1] - Huahai Qingke (华海清科) down 0.10% [1] Group 3: Management Information - The ETF is managed by Harvest Fund Management Co., Ltd. [1] - The fund manager is Tian Guangyuan [1]

ZENSUN ENTERPRISES LIMITED 正商實業有限公司 (Incorporated in the Hong Kong with limited liability) (Stock Code: 185) （於香港註冊成立之有限公司） （股份代號：185） 12 September 2025 Dear Non-registered Shareholders(i), Zensun Enterprises Limited (the "Company") – Notice of Publication of Notice of Publication of 2025 Interim Report (the "Current Corporate Communications") The English and Chinese versions of the Current Corporate Communications are available under the "News" section of the Company's website at www.zensunenterprises.com ...

正商實業有限公司 （於香港註冊成立之有限公司） （股份代號：185） 2025年9月12日 ZENSUN ENTERPRISES LIMITED 各位註冊股東： 正商實業有限公司（「本公司」） — 有關2025年中報（「本次公司通訊」）的刊發通知 本次公司通訊的英文及中文版本已載於本公司網站www.zensunenterprises.com「公佈」一欄， 閣下可於本公司網站閱覽本次公司 通訊。此文件亦已載於香港交易及結算所有限公司（「香港交易所」）網站www.hkexnews.hk 。如 閣下已選擇收取公司通訊的印刷 本，隨本函附上本次公司通訊的印刷本。 公司通訊指本公司發出或將發出，按香港聯合交易所有限公司證券上市規則第1.01條所定義向任何本公司股份持有人提供資料或 供其採取行動之任何文件，包括但不限於：(i)董事會報告、年度賬目連同核數師報告以及（如適用）財務摘要報告；(ii)中期報告及 （如適用）中期摘要報告；(iii)會議通告；(iv)上市文件；(v)通函；及(vi)委任代表表格。 若 閣下欲索取本次公司通訊的印刷本及╱或更改有關所有日後公司通訊的收取方式的選擇，請 閣下填妥及簽署隨本函附上的 變更 ...

2025 INTERIM REPORT 中期報告 本中期報告以再造紙印制。 This interim report is printed on recycled paper. 封面: 鄭州正商樂活城事 Cover : Zhengzhou Zensun Lehuo City WEBSITE 網址 www.zensunenterprises.com STOCK CODE 股份代號 Stock Exchange 聯交所 : 185 Bloomberg 彭博資訊 : 185 HK Reuters 路透社 : 0185.HK TABLE OF CONTENTS 目錄 | 2 | Corporate Information | | --- | --- | | | 公司資料 | | 4 | Property Development in the PRC and Project Summary | | | 在中國之物業發展及項目概要 | | 19 | Management Discussion and Analysis | | | 管理層討論及分析 | | 30 | Other Information | | | 其他資料 ...

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 會 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。 ZENSUN ENTERPRISES LIMITED 正商實業有限公司 （於 香 港 註 冊 成 立 之 有 限 公 司） （股 份 代 號：185及 債 務 證 券 代 號：5862） 內幕消息 2025年到期之7.0厘優先票據（「2025年 票 據」， 債 務 證 券 代 號：5862，國 際 證 券 識 別 碼：XS2674525477， 通 用 編 碼：267452547）除 牌 本公告乃由正商實業有限公司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）董 事 （「董 事」）會（「董事會」）根據香港聯合交易所有限公司（「聯交所」）證券上市規則 （「上市規則」）第13.09、37.47A、37.47B及37.47E條以及香港法例第571章證券及期 貨條例第XIVA部項下之內幕消息條文（定 義 見 上 市 規 則）而 刊 發。 ...

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8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: 正商實業有限公司 (「本公司」) 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 不適用 FF301 第 1 頁 共 10 頁 v 1.1.1 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) | 00185 | 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 | | | | 1,913,386,669 | | 0 | | 1,913,386,669 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 1,913,386,669 | ...

正商实业(00185)发布截至2025年6月30日止六个月中期业绩，收益26.24亿元(人民币，下同)，同比增加 1326.78%;股东应占亏损5.02亿元，同比收窄68.56%;每股基本亏损26.2分。 ...

格隆汇8月29日丨正商实业(00185.HK)发布公告，截至2025年6月30日止六个月，收益约为人民币2,624.1 百万元，较2024年增加约1,326.8%。公司拥有人应占亏损约为人民币502.2百万元，较2024年公司拥有 人应占亏损约人民币1,597.1百万元减少约68.6%。期间内每股基本亏损为人民币26.2分，而2024年则为 每股基本亏损人民币83.5分。 ...