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通告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本通告全部或任何 部份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。 China Display Optoelectronics Technology Holdings Limited 華顯光電技術控股有限公 司 （於百慕達註冊成立之有限公司） （股份代號：334） 股東特別大會通告 茲通告華顯光電技術控股有限公司（「本公司」）謹訂於二零二五年九月二十四日（星 期三）下午三時正假座香港新界白石角香港科學園第三期22E大樓8樓舉行股東特別 大會（「股東特別大會」），藉以考慮及酌情通過（無論修訂與否）下列普通決議案： 普通決議案 考慮及酌情通過下列決議案（不論有否修訂）為本公司普通決議案： 承董事會命 主席 廖騫 香港，二零二五年九月九日 附註： 2 1 1. 「動議： (a) 批准、確認及追認補充協議（定義見本公司日期為二零二五年九月九日 之通函）（其註有「A」字樣之副本已提交大會及經由大會主席簡簽以資識 別）、其項下之條款及擬進行之交易；及 (b) 授權任何一名或多名本公 ...

此乃要件 請即處理 閣下如對本通函任何方面有任何疑問，應諮詢 閣下之股票經紀或其他註冊證券交易商、銀行經理、 律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓名下所有華顯光電技術控股有限公司（「本公司」）股份，應立即將本通函及隨附之 代表委任表格送交買主或承讓人，或送交經手買賣或轉讓之銀行或股票經紀或其他代理商，以便轉交 買主或承讓人。 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通函之內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本通函全部或任何部份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。 本通函僅供參考，並不構成收購、購買或認購證券之邀請或要約。 China Display Optoelectronics Technology Holdings Limited 華顯光電技術控股有限公 司 （於百慕達註冊成立之有限公司） （股份代號：334） 修訂買賣（二零二五至二七年）主協議項下持續關連交易 之收益限額及年度上限 獨立董事委員會及 股東之獨立財務顧問 董事會函件載於本通函第6至26頁。 獨立董事委員會之函件載於本通函第27頁，當中載有其致股東之推薦建 ...

FF301 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: 華顯光電技術控股有限公司（於百慕達註冊成立之有限公司） 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 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) | 00334 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.1 | HKD | | 400,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.1 | HKD | | 4 ...

Core Viewpoint - The company reported significant growth in sales and profits for the six months ending June 30, 2025, driven by product and customer structure optimization [1] Financial Performance - Total sales reached 33.7 million units, a year-on-year increase of 70.0% [1] - Total revenue increased to RMB 3,170.6 million, reflecting a year-on-year growth of 72.2% [1] - Gross profit amounted to RMB 118.3 million, up 70.0% year-on-year, with a gross margin of 3.7%, remaining stable compared to the same period last year [1] - Profit attributable to the parent company reached RMB 51.0 million, a substantial increase of 631.9% year-on-year [1]

Core Insights - The company reported a significant increase in revenue and profit for the six months ending June 30, 2025, with revenue reaching 3.171 billion RMB, a year-on-year increase of 72.2% [1] - Shareholder profit surged to 51.04 million RMB, reflecting a remarkable year-on-year increase of 631.9% [1] - Basic earnings per share were reported at 2.43 cents [1] Performance Highlights - The company leveraged its large-scale production capacity and optimized its business and product structure, leading to a substantial increase in sales across various product types [1] - In the second quarter of 2025, the company achieved sales of 20.4 million units, representing a quarter-on-quarter increase of 54.4% [1] - Total sales for the review period reached 33.7 million units, marking a year-on-year increase of 70.0%, which contributed to the overall revenue growth [1]

Core Insights - The company Huaxian Optoelectronics (00334) reported a significant increase in its interim results for the six months ending June 30, 2025, with revenue reaching 3.171 billion RMB, a year-on-year increase of 72.2% [1] - Shareholder profit attributable to the company was 51.04 million RMB, reflecting a substantial year-on-year increase of 631.9% [1] - Basic earnings per share were reported at 2.43 cents [1] Performance Highlights - The company leveraged its large-scale production capacity and optimized its business and product structure, leading to a notable increase in sales across various product types [1] - In the second quarter of 2025, the company achieved a sales volume of 20.4 million units, representing a quarter-on-quarter increase of 54.4% [1] - Total sales volume for the review period reached 33.7 million units, marking a year-on-year increase of 70.0%, which contributed to the overall revenue growth [1]

[Financial Highlights](index=1&type=section&id=%E8%B2%A1%E5%8B%99%E6%91%98%E8%A6%81) The group achieved significant revenue and profit growth for the six months ended June 30, 2025, with basic earnings per share increasing substantially Unaudited Results for the Six Months Ended June 30 | Metric | 2025 (RMB thousands) | 2024 (RMB thousands) | Change | | :--- | :--- | :--- | :--- | | Revenue | 3,170,600 | 1,841,000 | +72.2% | | Gross Profit | 118,349 | 69,605 | +70.0% | | Profit for the Period | 51,040 | 6,974 | +631.9% | | Profit Attributable to Owners of the Parent | 51,040 | 6,974 | +631.9% | | Basic Earnings Per Share Attributable to Owners of the Parent - Profit for the Period | RMB 2.43 cents | RMB 0.33 cents | +636.4% | [Condensed Consolidated Financial Statements](index=2&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8) This section presents the group's financial performance and position, including the income statement, comprehensive income, and financial position [Condensed Consolidated Statement of Profit or Loss](index=2&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E8%A1%A8) The group achieved significant revenue and gross profit growth during the review period, successfully turning a loss into a substantial profit, primarily due to effective cost of sales control and a significant increase in revenue Key Data from Condensed Consolidated Statement of Profit or Loss | Metric | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Revenue | 3,170,600 | 1,841,000 | | Cost of Sales | (3,052,251) | (1,771,395) | | Gross Profit | 118,349 | 69,605 | | Other Income and Gains | 42,609 | 32,035 | | Selling and Distribution Expenses | (7,020) | (5,813) | | Administrative Expenses | (91,829) | (96,231) | | Profit / (Loss) Before Tax | 53,644 | (1,657) | | Income Tax (Expense) / Credit | (2,604) | 8,631 | | Profit for the Period | 51,040 | 6,974 | Earnings Per Share Attributable to Owners of the Parent | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Basic - Profit for the Period | RMB 2.43 cents | RMB 0.33 cents | | Diluted - Profit for the Period | RMB 2.43 cents | RMB 0.33 cents | [Condensed Consolidated Statement of Comprehensive Income](index=4&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) The group's total comprehensive income significantly increased, driven by higher profit for the period and a favorable shift in exchange differences from loss to gain Key Data from Condensed Consolidated Statement of Comprehensive Income | Metric | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Profit for the Period | 51,040 | 6,974 | | Exchange Differences on Translation of Financial Statements | 7,201 | (1,226) | | Total Comprehensive Income, Net of Tax | 58,241 | 5,748 | | Attributable to Owners of the Parent | 58,241 | 5,748 | [Condensed Consolidated Statement of Financial Position](index=5&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) The group's asset and liability structure remains robust, with increases in both current assets and net current assets, and a steady rise in total equity, reflecting a healthy financial position Key Data from Condensed Consolidated Statement of Financial Position | Metric | June 30, 2025 (RMB thousands) | December 31, 2024 (RMB thousands) | | :--- | :--- | :--- | | Total Non-current Assets | 1,035,366 | 1,021,849 | | Total Current Assets | 2,910,819 | 2,507,979 | | Total Current Liabilities | 2,810,540 | 2,445,762 | | Net Current Assets | 100,279 | 62,217 | | Total Assets Less Current Liabilities | 1,135,645 | 1,084,066 | | Total Non-current Liabilities | 6,775 | 13,437 | | Net Assets | 1,128,870 | 1,070,629 | | Total Equity | 1,128,870 | 1,070,629 | [Notes to the Condensed Consolidated Financial Information](index=7&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E8%B3%87%E6%96%99%E9%99%84%E8%A8%BB) This section provides detailed explanations and disclosures regarding the group's accounting policies, financial performance, and position [Basis of Preparation](index=7&type=section&id=1.%20%E7%B7%A8%E8%A3%BD%E5%9F%BA%E6%BA%96) The interim condensed consolidated financial information is prepared in accordance with HKAS 34 and should be read in conjunction with the annual consolidated financial statements for the year ended December 31, 2024 - The interim condensed consolidated financial information is prepared in accordance with Hong Kong Accounting Standard 34 "Interim Financial Reporting"[9](index=9&type=chunk) [Changes in Accounting Policies of the Group](index=7&type=section&id=2.%20%E6%9C%AC%E9%9B%86%E5%9C%98%E6%9C%83%E8%A8%88%E6%94%BF%E7%AD%96%E4%B9%8B%E8%AE%8A%E5%8B%95) The group adopted several revised Hong Kong Financial Reporting Standards, including amendments related to sale and leaseback, liability classification, and supplier finance arrangements, none of which had a material impact on the group's financial position or performance - The amendments to HKFRS 16 (Lease Liabilities in a Sale and Leaseback) had no impact on the group's financial position or performance[10](index=10&type=chunk) - The amendments to HKAS 1 (Classification of Liabilities as Current or Non-current) had no impact on the group's financial position or performance[11](index=11&type=chunk) - The amendments to HKAS 7 and HKFRS 7 (Supplier Finance Arrangements) had no impact on the group's financial statements[11](index=11&type=chunk) [Segment Information](index=8&type=section&id=3.%20%E7%B6%93%E7%87%9F%E5%88%86%E9%A1%9E%E8%B3%87%E6%96%99) The group operates as a single business unit, focusing on display products, primarily engaged in the processing, manufacturing, and sale of LCD module products. All significant operating assets are located in Mainland China, and revenue primarily originates from Mainland China customers and related companies - The group operates as a single business unit based on its products, specifically display products, primarily engaged in the processing, manufacturing, and sale of LCD module products[12](index=12&type=chunk) Revenue from External Customers (by Region) | Region | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Mainland China | 2,911,394 | 1,628,833 | | Hong Kong | 259,206 | 212,167 | | Total | 3,170,600 | 1,841,000 | - All of the group's significant operating assets are located in Mainland China[16](index=16&type=chunk) - For the six months ended June 30, 2025, approximately **RMB 1,579,049,000** in revenue was derived from sales to related companies[17](index=17&type=chunk) [Revenue, Other Income and Gains](index=10&type=section&id=4.%20%E6%94%B6%E5%85%A5%E3%80%81%E5%85%B6%E4%BB%96%E6%94%B6%E5%85%A5%E5%8F%8A%E6%94%B6%E7%9B%8A) The group's revenue primarily stems from the sale of industrial products, specifically LCD modules, with processing and manufacturing services contributing a smaller portion. Other income and gains mainly comprise bank interest income and government subsidies, while exchange losses negatively impacted overall gains Disaggregation of Revenue from Contracts with Customers | Type of Goods and Services | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Sale of Industrial Products | 3,147,354 | 1,818,142 | | Processing and Manufacturing Services | 23,246 | 22,858 | | Total Revenue from Contracts with Customers | 3,170,600 | 1,841,000 | Analysis of Other Income and Gains | Item | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Bank Interest Income | 21,462 | 17,785 | | Subsidy Income | 13,218 | 12,391 | | Gain on Disposal of Raw Materials, Samples and Scraps | 4,046 | 1,042 | | Others | 5,151 | 1,418 | | Exchange (Loss) / Gain | (1,268) | 833 | | Total Other Income and Gains | 42,609 | 32,035 | - Subsidy income refers to various government grants received by the group in Mainland China, which management believes have no unfulfilled conditions or contingencies attached[20](index=20&type=chunk) [Profit / (Loss) Before Tax](index=12&type=section&id=5.%20%E9%99%A4%E7%A8%85%E5%89%8D%E6%BA%A2%E5%88%A9%EF%BC%8F%EF%BC%88%E虧%E6%90%8D%EF%BC%89) The group's profit before tax significantly improved, primarily due to increased cost of inventories sold, higher depreciation and amortization expenses, and growth in R&D costs and employee benefit expenses, while a reversal of impairment for trade receivables positively impacted profit Key Factors Affecting Profit / (Loss) Before Tax | Item | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Cost of Inventories Sold | 3,052,251 | 1,771,395 | | Depreciation of Property, Plant and Equipment | 55,200 | 44,543 | | Amortization of Intangible Assets | 1,388 | 1,320 | | Research and Development Costs | 72,535 | 64,236 | | Employee Benefit Expenses (including Directors' Emoluments) | 239,555 | 184,012 | | Net Exchange Loss / (Gain) | 1,268 | (833) | | Trade Receivables (Reversal of Impairment) / Impairment | (718) | 78 | | Reversal of Write-down of Inventories to Net Realizable Value | 3,847 | 1,863 | - Research and development costs are included in "Administrative Expenses" in the interim condensed consolidated statement of profit or loss[22](index=22&type=chunk) [Finance Costs](index=13&type=section&id=6.%20%E8%9E%8D%E8%B3%87%E6%88%90%E6%9C%AC) The group's finance costs significantly increased, primarily due to a substantial rise in interest on non-recourse bill discounting and trade receivables factoring Analysis of Finance Costs | Item | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Interest on Non-recourse Bill Discounting and Trade Receivables Factoring | 8,199 | 51 | [Income Tax Expense / (Credit)](index=13&type=section&id=7.%20%E6%89%80%E5%BE%97%E7%A8%85%E6%94%AF%E5%87%BA%EF%BC%8F%EF%BC%88%E6%8A%B5%E5%85%8D%EF%BC%89) The group's income tax shifted from a credit last year to an expense this period, mainly influenced by increased current tax expense in Mainland China and prior period adjustments, while deferred tax transitioned from an expense to a credit - Hong Kong profits tax is provided at a rate of **16.5%** on the estimated assessable profits arising in Hong Kong during the period[25](index=25&type=chunk) Analysis of Income Tax Expense / (Credit) | Item | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Current - Mainland China Expense / (Credit) for the Period | 10,423 | (997) | | Adjustments for Current Tax in Prior Periods | 9,342 | (7,890) | | Deferred | (17,161) | 256 | | Total Tax Expense / (Credit) for the Period | 2,604 | (8,631) | [Dividends](index=13&type=section&id=8.%20%E8%82%A1%E6%81%AF) The Board does not recommend the payment of any dividend for the six months ended June 30, 2025, consistent with the prior corresponding period - The Directors do not recommend the payment of any dividend for the six months ended June 30, 2025 (six months ended June 30, 2024: nil)[27](index=27&type=chunk) [Earnings Per Share Attributable to Owners of the Parent](index=14&type=section&id=9.%20%E6%AF%8D%E5%85%AC%E5%8F%B8%E6%93%81%E6%9C%89%E8%80%85%E6%87%89%E4%BD%B5%E6%AF%8F%E8%82%A1%E7%9B%88%E5%88%A9) The group's basic earnings per share significantly increased, reflecting a substantial rise in profit attributable to owners of the parent, with no potentially dilutive ordinary shares issued during the period Basic Earnings Per Share Attributable to Owners of the Parent | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Profit for the Period | RMB 2.43 cents | RMB 0.33 cents | - The basic earnings per share amount is calculated based on the profit for the period attributable to owners of the parent of **RMB 51,040,000** and the weighted average number of **2,096,908,406** ordinary shares of the company in issue during the period, after deducting shares held for the company's share award scheme[28](index=28&type=chunk) - The company had no potentially dilutive ordinary shares in issue for the six months ended June 30, 2025[29](index=29&type=chunk) [Trade and Bills Receivables](index=14&type=section&id=10.%20%E6%87%89%E6%94%B6%E8%B2%BF%E6%98%93%E8%B3%AC%E6%AC%BE%E5%8F%8A%E6%87%89%E6%94%B6%E7%A5%A8%E6%93%9A) The group's total trade and bills receivables significantly increased, primarily concentrated within one month of maturity, with credit terms generally ranging from 30 to 90 days, and no collateral held Trade and Bills Receivables | Item | June 30, 2025 (RMB thousands) | December 31, 2024 (RMB thousands) | | :--- | :--- | :--- | | Trade Receivables | 1,532,117 | 1,051,329 | | Bills Receivables | 5,276 | 9,076 | | Impairment | (194) | (841) | | Total | 1,537,199 | 1,059,564 | Ageing Analysis of Trade and Bills Receivables | Ageing | June 30, 2025 (RMB thousands) | December 31, 2024 (RMB thousands) | | :--- | :--- | :--- | | Within 1 month | 1,167,366 | 1,007,649 | | 1 to 2 months | 363,111 | 50,544 | | 2 to 3 months | 6,722 | 1,371 | | Total | 1,537,199 | 1,059,564 | - The group's terms of trade with its customers are primarily on an open account basis, with credit periods generally ranging from **30 to 90 days**, and no collateral or other credit enhancement measures are held for trade receivables balances[30](index=30&type=chunk) [Trade Payables](index=15&type=section&id=11.%20%E6%87%89%E4%BB%98%E8%B2%BF%E6%98%93%E8%B3%AC%E6%AC%BE) The group's total trade payables significantly increased, primarily concentrated within 30 days of maturity, and generally settled within terms of 30 to 150 days Trade Payables | Item | June 30, 2025 (RMB thousands) | December 31, 2024 (RMB thousands) | | :--- | :--- | :--- | | Trade Payables | 2,288,303 | 1,836,106 | Ageing Analysis of Trade Payables | Ageing | June 30, 2025 (RMB thousands) | December 31, 2024 (RMB thousands) | | :--- | :--- | :--- | | Within 30 days | 1,412,961 | 1,042,748 | | 31 to 60 days | 388,473 | 317,271 | | 61 to 90 days | 299,543 | 345,728 | | Over 90 days | 187,326 | 130,359 | | Total | 2,288,303 | 1,836,106 | - Trade payables are interest-free and generally settled within terms of **30 to 150 days**[32](index=32&type=chunk) [Share Capital](index=16&type=section&id=12.%20%E8%82%A1%E6%9C%AC) The company's share capital remained unchanged during the review period, with a total of 2,114,307,929 ordinary shares in issue, including shares held for the share award scheme Share Capital Structure | Item | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | | :--- | :--- | :--- | | Authorized: 4,000,000,000 ordinary shares of HKD 0.10 each | 400,000 | 400,000 | | Issued and fully paid: 2,114,307,929 ordinary shares | 211,431 | 211,431 | | Equivalent to RMB thousands | 172,134 | 172,134 | - There was no change in the company's share capital during the period[34](index=34&type=chunk) [Management Discussion and Analysis](index=17&type=section&id=%E7%AE%A1%E7%90%86%E5%B1%A4%E8%A8%8E%E8%AB%96%E8%88%87%E5%88%86%E6%9E%90) This section provides an overview of the industry, the group's business performance, and future outlook, highlighting key operational and market trends [Industry Review](index=17&type=section&id=%E8%A1%8C%E6%A5%AD%E5%9B%9E%E9%A1%A7) In the first half of 2025, the global consumer electronics industry showed a structural recovery, with smartphone shipments increasing by 1% year-on-year and tablet shipments by 8.5%. However, demand in the low-end market faced pressure, and the Chinese market performed below expectations. The panel industry underwent adjustments, with small and medium-sized display panel shipments decreasing by 10.0% quarter-on-quarter, but A-Si LCD panels maintained stable demand due to their cost advantage - Global smartphone shipments increased by **1%** year-on-year in Q2 2025, reaching **295.2 million units**[35](index=35&type=chunk) - Global tablet shipments increased by **8.5%** year-on-year in Q1 2025, reaching **36.8 million units**[35](index=35&type=chunk) - Small and medium-sized display panel shipments are expected to decrease by **10.0%** quarter-on-quarter and **6.0%** year-on-year in Q2 2025[36](index=36&type=chunk) - A-Si LCD panels maintain stable demand in the entry-level market due to their significant cost advantage[36](index=36&type=chunk) [Business Review](index=18&type=section&id=%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7) The group achieved significant growth in sales volume and turnover during the review period, benefiting from scaled production capacity, optimized product structure, and the integrated panel module model with TCL CSOT. Sales of mobile phone modules, tablet modules, and commercial display products all substantially increased, leading to significantly enhanced profitability - During the review period, the group achieved total sales volume of **33.7 million units**, a year-on-year increase of **70.0%**, driving total turnover to **RMB 3,170.6 million**, a year-on-year increase of **72.2%**[37](index=37&type=chunk) - Mobile phone module sales volume increased by **82.3%** to **24.9 million units**, with related turnover increasing by **71.2%** year-on-year to **RMB 1,208.3 million**[37](index=37&type=chunk) - Tablet module sales volume increased by **91.1%** to **4.3 million units**, with related turnover increasing by **71.3%** year-on-year to **RMB 742.7 million**[38](index=38&type=chunk) - Commercial display product sales volume increased by over **2.7 times** year-on-year to **1.7 million units**, with related turnover reaching **RMB 747.0 million**[38](index=38&type=chunk) - The group recorded a gross profit of **RMB 118.3 million**, a year-on-year increase of **70.0%**, with a gross profit margin of **3.7%**. Profit attributable to owners of the parent reached **RMB 51.0 million**, a year-on-year increase of **631.9%**[38](index=38&type=chunk) Sales Volume by Product Category and Year-on-Year Change | Product Sold | 2025 (thousands of units) | % | 2024 (thousands of units) | % | Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Mobile Phone Modules | 24,853.6 | 73.8% | 13,631.5 | 68.9% | +82.3% | | Tablet Modules | 4,327.4 | 12.9% | 2,264.2 | 11.4% | +91.1% | | Commercial Display Products | 1,688.4 | 5.0% | 457.7 | 2.3% | +268.9% | | Components and Other Products | 1,600.0 | 4.8% | 1,668.6 | 8.4% | (4.1%) | | Processing and Manufacturing Services | 1,187.5 | 3.5% | 1,780.4 | 9.0% | (33.3%) | | Total | 33,656.9 | 100.0% | 19,802.4 | 100.0% | +70.0% | Turnover by Product Category and Year-on-Year Change | Product Sold | 2025 (RMB millions) | % | 2024 (RMB millions) | % | Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Mobile Phone Modules | 1,208.3 | 38.1% | 705.8 | 38.3% | +71.2% | | Tablet Modules | 742.7 | 23.4% | 433.5 | 23.6% | +71.3% | | Commercial Display Products | 747.0 | 23.6% | 431.6 | 23.5% | +73.1% | | Components and Other Products | 449.4 | 14.2% | 247.3 | 13.4% | +81.7% | | Processing and Manufacturing Services | 23.2 | 0.7% | 22.8 | 1.2% | +1.8% | | Total | 3,170.6 | 100.0% | 1,841.0 | 100.0% | +72.2% | Turnover by Region and Year-on-Year Change | Region | 2025 (RMB millions) | % | 2024 (RMB millions) | % | Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Mainland China | 2,911.4 | 91.8% | 1,628.8 | 88.5% | +78.7% | | Hong Kong | 259.2 | 8.2% | 212.2 | 11.5% | +22.2% | | Total | 3,170.6 | 100.0% | 1,841.0 | 100.0% | +72.2% | [Outlook](index=20&type=section&id=%E5%B1%95%E6%9C%9B) Facing a slowdown in global economic growth and trade tensions, the group anticipates single-digit growth in the smartphone market and stable demand for A-Si panels. The group will continue to leverage its integrated panel module advantage with TCL CSOT to develop customized products, expecting stable to improving orders in the second half of the year, and is committed to enhancing profitability and creating long-term value - The International Monetary Fund (IMF) forecasts global economic growth to slow to **2.8%** in 2025, continuing to impact the consumer electronics industry[43](index=43&type=chunk) - The smartphone market is expected to maintain single-digit growth in the future, with stable demand for A-Si panels[43](index=43&type=chunk) - The group will continue to leverage its integrated panel module advantage with TCL CSOT t9 to jointly develop more competitive customized products and solutions[43](index=43&type=chunk) - Looking ahead to the second half of 2025, with the continuous expansion of product categories and gradual increase in market share, the group's orders are expected to be stable to improving[43](index=43&type=chunk) [Financial Review](index=21&type=section&id=%E8%B2%A1%E5%8B%99%E5%9B%9E%E9%A1%A7) This section details the group's liquidity, financial resources, asset pledges, capital commitments, foreign exchange risk management, and investment activities [Liquidity and Financial Resources](index=21&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91%E5%8F%8A%E8%B2%A1%E5%8B%99%E8%B3%87%E6%BA%90) The group maintains ample liquidity, with cash and cash equivalents and time deposits totaling RMB 122.9 million, and financial deposits of RMB 909.3 million. There were no interest-bearing bank loans or other borrowings during the period, resulting in a zero gearing ratio and a robust financial position - As at June 30, 2025, the group's cash and cash equivalents and time deposits balance was **RMB 122.9 million**[44](index=44&type=chunk) - As at June 30, 2025, the group's financial deposits balance was **RMB 909.3 million**, placed with TCL Technology[44](index=44&type=chunk) - As at June 30, 2025, the group had no interest-bearing bank loans or other borrowings[45](index=45&type=chunk) - Total equity attributable to owners of the parent was **RMB 1,128.9 million**, with a gearing ratio of **zero**[45](index=45&type=chunk) [Pledged Assets](index=21&type=section&id=%E8%B3%87%E7%94%A2%E6%8A%B5%E6%8A%BC) As at June 30, 2025, the group had no pledged assets, consistent with the situation at the end of the previous year - As at June 30, 2025, the group had no pledged assets (December 31, 2024: nil)[46](index=46&type=chunk) [Capital Commitments and Contingent Liabilities](index=22&type=section&id=%E8%B3%87%E6%9C%AC%E6%89%BF%E8%AB%BE%E5%8F%8A%E6%88%96%E7%84%B6%E8%B2%A0%E5%82%B5) The group's contracted but unprovided capital commitments for plant and equipment amounted to RMB 169,010 thousands, with no significant contingent liabilities Contracted but Unprovided Capital Commitments | Item | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Plant and Equipment | 169,010 | 53,318 | - As at June 30, 2025, the group had no significant contingent liabilities[47](index=47&type=chunk) [Foreign Currency Exchange Risk](index=22&type=section&id=%E5%A4%96%E5%B9%A3%E5%8C%AF%E5%85%8C%E9%A2%A8%E9%9A%AA) The group faces foreign exchange transaction and currency translation risks, aiming for natural hedging by balancing foreign currency-denominated trade, assets, and liabilities, and uses forward foreign exchange contracts to mitigate risk, without engaging in high-risk derivative transactions - The group strives to balance foreign currency-denominated trade, assets, and liabilities to achieve a natural hedging effect[48](index=48&type=chunk) - The group also uses forward foreign exchange contracts to reduce foreign exchange risk and did not engage in any high-risk derivative transactions during the review period[48](index=48&type=chunk) [Litigation](index=22&type=section&id=%E6%9C%AA%E6%B1%BA%E8%A8%B4%E8%A8%9F) During the review period, the group was not involved in any material litigation - During the review period, the group was not involved in any material litigation[49](index=49&type=chunk) [Material Investments Held](index=22&type=section&id=%E6%89%80%E6%8C%81%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B3%87) As at June 30, 2025, the group held no material investments - As at June 30, 2025, the group held no material investments[50](index=50&type=chunk) [Material Acquisitions and Disposals](index=23&type=section&id=%E9%87%8D%E5%A4%A7%E6%94%B6%E8%B3%BC%E5%8F%8A%E5%87%BA%E5%94%AE) The group did not undertake any material acquisitions or disposals of subsidiaries, associates, or joint ventures during the review period - The group did not undertake any material acquisitions or disposals of subsidiaries, associates, or joint ventures during the review period[52](index=52&type=chunk) [Future Plans for Material Investments or Capital Assets](index=23&type=section&id=%E6%9C%89%E9%97%9C%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B3%87%E6%88%96%E8%B3%87%E6%9C%AC%E8%B3%87%E7%94%A2%E7%9A%84%E6%9C%AA%E4%BE%86%E8%A8%88%E5%8A%83) As at June 30, 2025, the group had no specific plans for material investments or capital assets for the second half of 2025 - As at June 30, 2025, the group had no specific plans for material investments or capital assets for the second half of 2025[53](index=53&type=chunk) [Other Information](index=23&type=section&id=%E5%85%B6%E4%BB%96%E4%BF%A1%E6%81%AF) This section covers employee and remuneration policies, interim dividends, securities transactions, corporate governance, and board composition [Employees and Remuneration Policy](index=23&type=section&id=%E5%83%B1%E5%93%A1%E5%8F%8A%E9%85%AC%E9%87%91%E6%94%BF%E7%AD%96) The group has 3,731 employees, with total staff costs of approximately RMB 239.6 million. The company offers competitive remuneration, bonuses, and benefits, along with continuous training and development programs, linking remuneration policy to market conditions and employee performance, and potentially incentivizing staff through share option and share award schemes - As at June 30, 2025, the group had **3,731** employees, with total staff costs of approximately **RMB 239.6 million**[54](index=54&type=chunk) - The group aims to provide employees with fair, legal, and competitive remuneration, bonuses, and benefits by offering compensation packages regularly updated in conjunction with regional GDP growth and the latest laws and regulations[54](index=54&type=chunk) - The company may grant share options and share awards to relevant grantees (including group employees) under the share option scheme and share award scheme, respectively[54](index=54&type=chunk) [Interim Dividend](index=23&type=section&id=%E4%B8%AD%E6%9C%9F%E8%82%A1%E6%81%AF) The Board has resolved not to declare any interim dividend for the six months ended June 30, 2025, consistent with the prior corresponding period - The Board has resolved not to declare any interim dividend for the six months ended June 30, 2025 (six months ended June 30, 2024: nil)[55](index=55&type=chunk) [Purchase, Redemption or Sale of the Company's Listed Securities](index=23&type=section&id=%E8%B3%BC%E8%B2%B7%E3%80%81%E8%B4%96%E5%9B%9E%E6%88%96%E5%87%BA%E5%94%AE%E6%9C%AC%E5%85%AC%E5%8F%B8%E4%B9%8B%E4%B8%8A%E5%B8%82%E8%AD%89%E5%88%B8) Neither the company nor any of its subsidiaries purchased, redeemed, or sold any of the company's listed securities during the review period - Neither the company nor any of its subsidiaries purchased, redeemed, or sold any of the company's listed securities during the review period[56](index=56&type=chunk) [Compliance with Corporate Governance Code](index=24&type=section&id=%E9%81%B5%E5%AE%88%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E5%AE%88%E5%89%87) The company complied with the Corporate Governance Code in Appendix C1 of the Listing Rules during the review period, with the exception that the company secretary is not an employee of the company. A contact person has been appointed to ensure information flow, and the company believes the company secretary's expertise benefits compliance - During the review period, the company complied with the code provisions set out in Part 2 of the Corporate Governance Code in Appendix C1 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, except that Ms. CHEUNG Po Man, the company secretary, is not an employee of the company[57](index=57&type=chunk) - The company has appointed Ms. Clara SIU, Deputy Director of the company's Finance and Investor Relations Department, as Ms. CHEUNG's contact person to ensure that information regarding the group's performance, financial position, and other key developments is promptly communicated[57](index=57&type=chunk) [Standard Code for Securities Transactions by Directors](index=24&type=section&id=%E8%91%A3%E4%BA%8B%E9%80%B2%E8%A1%8C%E8%AD%89%E5%88%B8%E4%BA%A4%E6%98%93%E4%B9%8B%E6%A8%99%E6%BA%96%E5%AE%88%E5%89%87) The Board has adopted a code of conduct no less stringent than the Standard Code under the Listing Rules, and all directors confirmed compliance with the relevant standards during the review period - The Board has adopted a code of conduct for directors' securities transactions, the terms of which are no less stringent than the Model Code for Securities Transactions by Directors of Listed Issuers set out in Appendix C3 of the Listing Rules[58](index=58&type=chunk) - Following specific enquiries with all Directors, all Directors confirmed that they had complied with the standards set out in the Model Code during the review period[58](index=58&type=chunk) [Audit Committee](index=25&type=section&id=%E5%AF%A9%E6%A0%B8%E5%A7%94%E5%93%A1%E6%9C%83) The Audit Committee, comprising four independent non-executive directors, reviewed the group's interim condensed consolidated financial statements and confirmed their compliance with applicable accounting standards, Listing Rules, and legal requirements, with adequate disclosures - The Audit Committee currently comprises four members: Ms. XU Huimin (Chairperson), Mr. LI Yang, Mr. XU Yan, and Ms. YANG Qiulin, all of whom are independent non-executive directors[59](index=59&type=chunk) - The Audit Committee has reviewed the group's unaudited interim condensed consolidated financial statements for the six months ended June 30, 2025, and is of the opinion that the preparation of such financial information complies with applicable accounting standards, the requirements of the Listing Rules, and any other applicable legal requirements, and that adequate disclosures have been made[59](index=59&type=chunk) [Board of Directors](index=25&type=section&id=%E8%91%A3%E4%BA%8B%E6%9C%83) As of the date of this announcement, the Board of Directors comprises Mr. LIAO Qian, Chairman and Non-executive Director, five Executive Directors, and four Independent Non-executive Directors - As of the date of this announcement, the Board of Directors includes Mr. LIAO Qian, Chairman and Non-executive Director; Mr. ZHANG Feng, Mr. XI Wenbo, Mr. WANG Xinfu, and Mr. ZHANG Caili as Executive Directors; and Ms. XU Huimin, Mr. LI Yang, Mr. XU Yan, and Ms. YANG Qiulin as Independent Non-executive Directors[60](index=60&type=chunk)

Core Viewpoint - Huaxian Optoelectronics (00334.HK) announced a board meeting scheduled for August 26, 2025, to approve the interim results for the six months ending June 30, 2025, and to consider the payment of an interim dividend if applicable [1] Summary by Relevant Sections - **Company Announcement** - The board meeting will take place on August 26, 2025, to approve the interim results for the six months ending June 30, 2025 [1] - The interim results will be published on the Hong Kong Stock Exchange and the company's website [1] - **Dividend Consideration** - The board will also consider the payment of an interim dividend for the six months ending June 30, 2025, if applicable [1]

華顯光電技術控股有限公司（「本公司」）之董事會（「董事會」）謹此宣佈， 將於二零二五年八月二十六日（星期二）舉行董事會會議，以（其中包括）批准 本公司及其附屬公司截至二零二五年六月三十日止六個月之中期業績，並於香港 聯合交易所有限公司及本公司之網站上刊登上述業績。 董事會屆時亦會考慮派付截至二零二五年六月三十日止六個月之中期股息（如 有）。 代表董事會 主席 廖騫 香港，二零二五年八月十四日 於本公佈日期，董事會包括主席兼非執行董事廖騫先生；執行董事張鋒先生、習 文波先生、張才力先生及王新福先生；及獨立非執行董事徐慧敏女士、徐岩先生、 李揚先生及陽秋林女士。 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 或任何部份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。 China Display Optoelectronics Technology Holdings Limited 華顯光電技術控股有限公司 （於百慕達註冊成立之有限公司） (股份代號: 334) 董事會會議通知 ...

Core Viewpoint - Huaxian Optoelectronics (00334) has announced a positive earnings forecast, expecting a profit of at least RMB 48.8 million for the first half of 2025, representing a year-on-year increase of no less than 600% [1] Group 1: Earnings Forecast - The company anticipates a significant increase in profit for the first half of 2025, with a projected profit of at least RMB 48.8 million [1] - This profit increase is attributed to the optimization of the product mix and a total sales volume increase of at least 60% compared to the same period in 2024 [1] Group 2: Sales Performance - Revenue from all product categories sold during the period is expected to increase by over 70% year-on-year, driven by the successful integration model with TCL Huaxing Optoelectronics [1] - The first quarter of 2025 saw a staggering 180% year-on-year increase in sales of tablet modules, contributing to an overall revenue growth of 49.7% to RMB 1.394 billion [1] Group 3: Business Model and Market Position - Huaxian Optoelectronics primarily focuses on small to medium-sized LCD modules, serving sectors such as smartphones, tablets, and automotive displays through an ODM model [1] - The company has established a solid position in the small to medium-sized display module market, leveraging vertical integration advantages and customer resources as a key part of TCL Technology Group's display industry chain [1]