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的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對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 引致的任何損失承擔任何責任。 於本公告日期，本公司董事會包括董事如下： 承董事會之命 利民實業有限公司 黃文顯博士 主席 香港，2025 年 8 月 11 日 （股份代號：0229） 董事會會議通知 利民實業有限公司 (「本公司」) 董事 (「董事」) 會 (「董事會」)宣佈，謹定於 2025 年 8 月 22 日(星期五)於香港新界沙田安平街 8 號偉達中心 18 樓 1806-1813 室舉行董事會會議，藉以考 慮及批准(其中包括)本公司及其附屬公司截至 2025 年 6 月 30 日止六個月之中期業績，以及考 慮派發中期股息（如有）。 執行董事 ： 非執行董事 ： 黃乾利博士 黃英傑先生 黃文顯博士 獨立非執行董事 ： 凌潔心女士 羅廣信先生 高少豐博士 黃英敏先生 莫健興先生 黃燕威博士 ...

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: | 利民實業有限公司 | | | 呈交日期: | 2025年8月4日 | | | I. 法定/註冊股本變動 | 不適用 | | | 備註： | | | | 本公司並無法定股本, 及其股本並無股份面值。 | | | 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) | 00229 | 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 | | | | 501,324, ...

Core Viewpoint - The company Zhongdian Xinlong (002298) is focusing on strengthening its three main business strategies: smart energy, smart city, and renewable energy development, while maintaining normal overall operational status [2]. Group 1: Company Performance - As of July 9, 2025, Zhongdian Xinlong's stock closed at 6.84 yuan, down 0.73%, with a turnover rate of 8.9%, trading volume of 582,000 hands, and a transaction amount of 400 million yuan [1]. - The company is expected to disclose its 2025 semi-annual report, which will provide insights into its operational performance, especially after a loss reported in the previous year's mid-year report [2]. Group 2: Regulatory and Licensing Information - The company clarified that its subsidiary, Beijing Zhongdian Xingfa, has not obtained the Hong Kong Money Service Operator license and is not involved in the multilateral central bank digital currency bridge as previously speculated [2]. Group 3: Market Activity - On July 9, 2025, retail investors showed a net inflow of 43.69 million yuan, while institutional and speculative funds experienced net outflows of 18.14 million yuan and 25.55 million yuan, respectively [2].

Core Viewpoint - The leading chicken producer, Shengnong Development, is expected to report a significant increase in net profit for the first half of the year, with projections indicating a growth of over 700% compared to the previous year [2]. Financial Performance - Shengnong Development anticipates a net profit attributable to shareholders of between 850 million to 950 million yuan, representing a year-on-year increase of 732.89% to 830.88% [2]. - The company's non-recurring net profit is projected to be between 330 million to 420 million yuan, reflecting a year-on-year growth of 256.20% to 353.35% [2]. - The expected net profit midpoint suggests that the company's earnings for the first half of the year may reach a five-year high [2]. Growth Drivers - The company attributes its performance improvement to three main factors: 1. Continued rapid growth in retail channels, with stable growth in export and catering sectors, leading to an optimized revenue structure [2]. 2. Strengthened cost advantages through lean management practices and increased self-use of the new self-developed chicken breed "Shengze 901 Plus," resulting in a significant reduction in overall meat production costs compared to the same period last year [2]. 3. The completion of the controlling merger with Taiyanggu, generating an investment income of approximately 540 million to 550 million yuan, alongside improved operational efficiency from prior industry empowerment and lean management [2]. Sales Performance - In the sales report for May, Shengnong Development noted stable growth in fresh food product sales and a 9% increase in deep-processed product sales, with the proportion of deep-processed products continuing to rise [2]. Stock Performance - Following the profit forecast announcement, Shengnong Development's stock price rose rapidly, with an increase of over 20% from January 13 to April 11 [3]. - Recently, the stock has experienced a slight increase over six consecutive trading days, with a cumulative rise of 5.74%, although it remains 14.86% below its year-to-date high [3].

Financial Performance - For FY2024, the Group's consolidated turnover decreased to HK$1,075,732,000, representing a decrease of approximately 21.06% compared to the previous year[10]. - The net profit for FY2024 was HK$45,219,000, a decrease of approximately 33.38% from HK$67,871,000 in FY2023, resulting in basic earnings per share of 9.02 Hong Kong cents[10]. - Cash generated from operations was HK$77,239,000 in FY2024, with net cash and cash equivalents at the end of the year amounting to HK$349,130,000[13]. - The Group proposed a final dividend of 2 Hong Kong cents per ordinary share for the year ended December 31, 2024, down from 4 Hong Kong cents in 2023[36]. - The special dividend remained at 6 Hong Kong cents per ordinary share for both 2024 and 2023[36]. - The Group's current ratio was 3.49 as of December 31, 2024, compared to 3.51 as of December 31, 2023[32]. - The quick ratio was 2.83 as of December 31, 2024, slightly down from 2.84 in the previous year[32]. - The gearing ratio improved to 0.30 as of December 31, 2024, from 0.32 in 2023[32]. - Trade receivables turnover increased to 69 days in FY2024, up from 60 days in FY2023[33]. - Inventory turnover also increased to 53 days in FY2024, compared to 45 days in FY2023[33]. - Bank balances and cash decreased to HK$349,130,000 as of December 31, 2024, from HK$367,415,000 in 2023, a decrease of HK$18,285,000[33]. Investments and R&D - The Group invested HK$37,931,000 in FY2024 for new machinery and R&D, compared to HK$40,505,000 in FY2023[14]. - The Group's investment in information systems and automated production processes aims to achieve AIoT compatibility, enhancing operational efficiency and data management[17]. - The Group's investment in R&D has allowed it to maintain HNTE status for the eighth consecutive year, enabling growth through new knowledge and innovations[50]. - The Group plans to continue investing in the computerization of manufacturing, integrating ERP systems with financial analytic software like Microsoft Power BI for better decision-making[54]. - The Group's R&D team will consider new decarbonization requirements when developing innovative products[55]. Operational Strategies - The Group successfully shipped its first container of "Made in Indonesia" products in April 2024, establishing an overseas manufacturing facility to mitigate geopolitical risks[19]. - The Group adopted crisis risk management protocols following severe flooding in 2023, resulting in no damages or losses in 2024[18]. - New innovative grooming products were launched in 2024, despite a significant drop in sales demand in the home environmental product category[9]. - The Group's management continues to focus on digital transformation to improve data processing and analysis capabilities[14]. - The Group's management will remain vigilant and adapt to new business ecosystems to tackle immediate market downturns[50]. - The management team is focused on unlocking operational potential by analyzing profit margins, cash positions, and accounts receivables[54]. - The Group is preparing to comply with the Carbon Border Adjustment Mechanism (CBAM) and other ESG requirements, which may increase total product costs[55]. - The Group's management is committed to forming stronger partnerships with strategic customers to adapt to market changes[50]. Corporate Governance - The company is committed to maintaining high standards of corporate governance through its independent non-executive Directors[72]. - The company’s leadership team has a diverse background in engineering, finance, and management, contributing to its strategic direction[66][71]. - The company has a remuneration committee and an audit committee, with various members holding significant experience in finance and management[72][75]. - The board of directors consists of three executive directors, two non-executive directors, and three independent non-executive directors, with no fixed term for appointments[198]. - The company emphasized corporate governance and has been in compliance with the applicable code provisions of the Corporate Governance Code throughout the year ended December 31, 2024[197][200]. Shareholder Information - As of December 31, 2024, the total number of issued shares of the Company is 501,324,860 ordinary shares[7]. - Dr. WONG, Kin Lae Wilson has interests totaling 97,348,981 shares, representing 19.42% of the total issued shares[126]. - Mr. WONG, Ying Man John holds 58,845,136 shares, representing 11.74% of the total issued shares[126]. - Dr. WONG, Man Hin Raymond holds 26,474,008 shares, representing 5.28% of the total issued shares[126]. - The Company did not purchase, sell, or redeem any of its shares during the year ended 31 December 2024[108]. - The Share Option Scheme allows for the issuance of up to 50,132,486 ordinary shares, representing 10% of the issued shares, excluding treasury shares[139]. - The Scheme will remain in force until November 6, 2034[151]. - No share options have been granted under the Scheme since its adoption on November 7, 2024, and no options were granted, exercised, cancelled, or lapsed during the year ended December 31, 2024[152]. Employee Relations - The Company maintains good relationships with employees, ensuring reasonable remuneration and benefits[93]. - The Group operates a Mandatory Provident Fund scheme covering all employees, with details provided in note 21 to the financial statements[183]. Risk Management - Further discussion on the Group's principal risks and uncertainties can be found on pages 9 to 10 of the annual report[84]. - Significant related party transactions during the year do not constitute connected transactions under the Listing Rules[181]. Charitable Contributions - Charitable donations made by the Group during the year amounted to approximately HK$980,000, a decrease from HK$1,390,000 in 2023[184].

Group 1 - The stock price of China Electric Power Xinlong (002298) closed at 5.34 yuan on April 3, 2025, down 0.74% with a turnover rate of 2.57% and a trading volume of 168,100 shares, amounting to a transaction value of 89.98 million yuan [1] - The company has received inquiries regarding the expected performance of the first quarter report, with investors anticipating growth due to increasing orders and payments from China Unicom [2] - The company confirmed that it has signed termination agreements with Guangxi Unicom and is in the process of accelerating the exit and payment collection for the Yunnan Unicom project [2] Group 2 - On the trading day, the net outflow of main funds was 6.07 million yuan, accounting for 6.74% of the total transaction value; retail investors saw a net inflow of 7.41 million yuan, representing 8.23% of the total transaction value [3]

Financial Performance - The company's revenue for the year ended December 31, 2024, was HKD 1,075,732, a decrease of 21.1% compared to HKD 1,362,732 in 2023[3] - Gross profit for the year was HKD 149,463, down 18.6% from HKD 183,725 in the previous year[3] - The net profit attributable to shareholders for the year was HKD 45,219, representing a decline of 33.4% from HKD 67,871 in 2023[3] - Basic earnings per share decreased to HKD 9.02, down from HKD 13.54 in the previous year, reflecting a 33.4% drop[3] - Total comprehensive income for the year was HKD 72,406, an increase of 15.3% compared to HKD 62,768 in 2023, driven by revaluation gains[4] - Adjusted EBITDA for 2024 is HKD 63,850,000, down 29.0% from HKD 89,913,000 in 2023[14] - The net profit for the fiscal year 2024 was HK$45,219,000, down about 33.38% from HK$67,871,000 in the fiscal year 2023[35] - Basic earnings per share for fiscal year 2024 were HK$0.0902, compared to HK$0.1354 in fiscal year 2023[35] - The group reported a total tax expense of HKD 8,924,000 for 2024, compared to HKD 10,627,000 in 2023[18] Assets and Liabilities - Non-current assets increased to HKD 166,614 from HKD 129,095 in 2023, marking a growth of 29.1%[5] - Current assets decreased to HKD 713,630 from HKD 761,955, a decline of 6.3%[5] - Total assets as of December 31, 2024, are HKD 877,608,000, a slight decrease from HKD 885,964,000 in 2023[15] - Total liabilities as of December 31, 2024, are HKD (201,565,000), improved from HKD (215,764,000) in 2023[15] - The company's total equity increased slightly to HKD 675,762 from HKD 673,541, reflecting a growth of 0.3%[5] Revenue Sources - Major customer A contributed HKD 310,902,000 in 2024, up from HKD 261,243,000 in 2023[16] - Major customer B generated HKD 240,839,000 in 2024, a decrease from HKD 247,606,000 in 2023[16] Costs and Expenses - The cost of goods sold for 2024 is HKD 927,604,000, down from HKD 1,153,330,000 in 2023[19] - Employee costs for 2024 total HKD 241,761,000, slightly down from HKD 242,236,000 in 2023[19] - The cost of inventory was approximately HK$193,627,000 for the year 2024, compared to HK$196,331,000 in 2023[21] - Product development costs were around HK$29,693,000 for 2024, an increase from HK$27,539,000 in 2023[21] Cash Flow and Dividends - In the fiscal year 2024, the operating cash generated was HKD 77,239,000, with a net cash and cash equivalents balance of HKD 349,130,000 at the end of the fiscal year[36] - The cash dividend proposed for the fiscal year 2024 is HKD 0.02 per share, down from HKD 0.04 per share in 2023, and a special dividend of HKD 0.06 per share, unchanged from 2023[41] - The company declared an interim dividend of HK$0.04 per share for 2024, up from HK$0.03 per share in 2023[22] Operational Insights - The company continues to focus on expanding its operations in the home appliance sector, primarily in China, with ongoing investments in manufacturing facilities[8] - The group invested HKD 37,931,000 in new injection molding machines and precision laboratory testing equipment, compared to HKD 40,505,000 in the fiscal year 2023[37] - The company will continue to invest in computerized production and has integrated its enterprise resource planning system with Microsoft Power BI for detailed financial analysis, aiming to unlock operational potential and manage working capital more effectively[49] Risk Management and Compliance - The group has taken crisis risk management measures following severe flooding in 2023, with no damages reported in 2024[39] - The group has maintained its status as a high-tech enterprise in China, which allows for a lower profit tax rate and tax incentives from the government[37] - The group successfully obtained ISO 27001 certification, demonstrating satisfactory cybersecurity measures to protect data privacy[38] - The company remains compliant with the corporate governance code as per the Hong Kong Stock Exchange listing rules[54] - The audit committee reviewed the company's accounting principles and internal controls for the fiscal year ending December 31, 2024[57] Future Outlook - The company anticipates significant challenges in the second half of 2024 due to geopolitical tensions and economic instability, with a focus on innovation and market segmentation to develop differentiated new products by 2025[48] - The workforce includes approximately 19 employees in Hong Kong and between 531 to 569 employees in factories in China, with a total of about 1,596 to 2,058 workers directly or indirectly employed[50] Meetings and Governance - The annual general meeting is scheduled for May 20, 2025, at the InterContinental Hotel in Tsim Sha Tsui, Hong Kong[60] - No significant acquisitions or disposals of subsidiaries or associates were reported for the year ending December 31, 2024[53]

RAYMOND Industrial Ltd 利 民 實 業 有 限 公 司 Stock Code 股份代號 : 00229 E ille in the land 2024 INTERIM REPORT 中期報告 Contents 目錄 | --- | --- | |-------------------------------------------------------------------------------------|---------------------------------| | | | | Management Statement | 管理層報告書 | | Independent Review Report | 獨立審閱報告 | | Condensed Consolidated Statement of Profit or Loss | 簡明綜合損益表 | | Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | 簡明綜合損益及 其他全面收益表 | | Condens ...

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内容概不負責·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内容而產生或因依賴該等内容 而引致之任何損失承擔任何責任。 (股份代號：0229) 截至2024年6月30日止6個月 之中期業績公告 及 註冊辦公室地址變更 未經審核財務業績摘要 截至2024年6月30日止6個月 利民實業有限公司(「本公司」）董事（「董事」）會(「董事會」）謹此公佈本公司及其附屬公 司（統稱「本集團」）截至2024年6月30日止6個月之未經審核中期業績。本集團截至2024年6月30日 止6個月之簡明綜合損益表、簡明綜合損益及其他全面收益表及本集團於2024年6月30日之簡明綜合 財務狀況表及選定之說明附註均為未經審核賬目形式編製，但已由本公司審核委員會（「 審核委員 會」）連同本公司之獨立核數師羅申美會計師事務所審閱。 1 簡明綜合損益表 截至2024年6月30日止6個月 | --- | --- | --- | --- | |-----------|-------|---------|-----------| | | | | | | | | 6 ...

Financial Performance - For FY2023, the Group's consolidated turnover increased to HK$1,362,732,000, representing an increase of approximately 28.19% compared to the previous year[14]. - The net profit for FY2023 was HK$67,871,000, reflecting an increase of approximately 122.50% from HK$30,504,000 in FY2022, resulting in basic earnings per share of 13.54 Hong Kong cents[14]. - Cash generated from operations was HK$101,559,000 in FY2023, with net cash and cash equivalents at the end of the year amounting to HK$367,415,000, up from HK$334,379,000 at the beginning of FY2023[15]. - The current ratio improved to 3.51 as of December 31, 2023, from 3.42 in the previous year, while the quick ratio increased to 2.84 from 2.46[30]. - Trade receivables turnover increased to 60 days in FY2023, up from 55 days in FY2022, while inventory turnover decreased to 45 days from 78 days[31]. - Bank balances and cash rose to HK$367,415,000 as of December 31, 2023, an increase of HK$33,036,000 compared to HK$334,379,000 in FY2022[31]. - The gearing ratio remained stable at 0.32 as of December 31, 2023, unchanged from the previous year[30]. - The Board proposed a final dividend of HK$0.04 per ordinary share and a special dividend of HK$0.06 per ordinary share for the year ended December 31, 2023[34]. - An interim dividend of 3 Hong Kong cents per share was paid for the six months ended June 30, 2023, and a final dividend of 4 Hong Kong cents per share and a special dividend of 6 Hong Kong cents per share are proposed for the year ended December 31, 2023[113]. Investments and R&D - The Group invested HK$40,505,000 in FY2023 for new injection moulding machines and high precision laboratory testing equipment, compared to HK$20,102,000 in FY2022[19]. - The Group's investment in research and development aims to improve operational efficiency and enhance sales revenue from new product launches[19]. - The Group's investment in R&D has allowed it to maintain HNTE status for the seventh consecutive year, enabling growth through new knowledge and innovations[49]. - In 2024, the Group will continue to invest in the computerization of manufacturing, completing ERP system integration with a new barcode system to enhance real-time inventory data[50]. Strategic Focus and Market Adaptation - The Group's strategic focus on product diversification included launching innovative beverage products for both premium and affordable markets[10]. - The Group's financial prudence included lowering safety stock and optimizing fixed costs in response to global sales demand fluctuations[9]. - The Group's management emphasizes the importance of adapting to new business ecosystems and forming stronger partnerships with strategic customers[49]. - The Group plans to enhance its risk management protocols in response to extreme climate events to minimize future property losses[26]. - The Group anticipates strong challenges in 2024 due to ongoing geopolitical tensions and economic uncertainties[49]. Corporate Governance and Management - The Company has a diverse board with members holding various qualifications, including CPA and CFA[80][81]. - The management team has extensive experience in engineering, operations, and finance, contributing to the company's strategic direction[69][80]. - The Company emphasizes corporate governance with active committees for remuneration, audit, and nominations[80][81]. - The leadership structure includes a mix of executive and independent non-executive directors to ensure balanced decision-making[80][81]. - The board of directors reviewed the effectiveness of the internal control system for the company and its subsidiaries[200]. - The board held a total of 4 meetings during the fiscal year 2023[200]. - The board meetings were conducted in accordance with listing rules and corporate governance codes, ensuring directors had access to relevant information[200]. Compliance and Certifications - On May 4, 2023, the Group obtained ISO27001 certification, ensuring satisfactory cybersecurity measures for data privacy protection[20]. - The Group achieved ISO27001 certification on May 4, 2023, indicating satisfactory cybersecurity measures for data protection[22]. - The Company complied with the applicable code provisions of the Corporate Governance Code throughout the year ended December 31, 2023[186][188]. Employee Relations and Social Responsibility - The Company maintains good relationships with its employees by improving policies on remuneration and benefits, training, and occupational health and safety[104]. - Charitable donations made by the Group during the year ended 31 December 2023 amounted to approximately HK$1,390,000, compared to HK$1,462,000 in 2022[172][177]. - The Group operates a Mandatory Provident Fund scheme covering all employees, with details provided in note 20 to the financial statements[171][176]. Operational Challenges - The Group experienced losses of several million Hong Kong dollars due to severe flooding at the Nansha factory on September 8, 2023[24]. - The Group is preparing to comply with the Carbon Border Adjustment Mechanism (CBAM) and is focused on developing environmentally friendly products[54]. - The Group's R&D team will consider new ESG requirements in product development to manage climate change risks[54]. Shareholding and Directors - As of December 31, 2023, the total number of issued shares of the Company is 501,324,860 ordinary shares[141]. - The interests of the Directors in the shares of the Company included Dr. WONG, Man Hin Raymond with 3.30% and Mr. WONG, Ying Man John with 11.74% of total issued shares[134]. - The Company did not purchase, sell, or redeem any of its shares during the year ended December 31, 2023[118]. - The largest customer accounted for 33.94% of the Group's total revenue from sales of goods, while the five largest customers together represented 87.44%[111]. - The largest supplier accounted for 13.79% of the Group's total purchases, while the five largest suppliers together represented 22.20%[111]. - The Company has received annual confirmations of independence from all independent non-executive Directors, considering them independent[125].