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，概不就因本公告全部或任何部分內容所產生或因依賴該等內容而引致 的任何損失承擔任何責任。 董事會會議通知 越南製造加工出口（控股）有限公司（「本公司」）董事會（「董事會」）謹此宣佈，將於 二零二五年八月十一日（星期一）舉行董事會會議，藉以（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未經審核中期業績及其發佈。 承董事會命 越南製造加工出口（控股）有限公司 劉武雄 主席 香港，二零二五年七月三十日 於本公告日期，董事會包括三名執行董事劉武雄先生、吳睿蕎女士及林俊宇先生，三名非執行 董事吳麗珠女士、陳旭斌先生及柳如承先生，及三名獨立非執行董事林青青女士、張安杰先生 及吳惠蘭女士。 Vietnam Manufacturing and Export Processing (Holdings) Limited 越南製造加工出口(控股)有限公司 (於開曼群島註冊成立的有限公司) (股份代號：422) ...

Group 1: BYD and International Partnerships - BYD officially announced a three-year strategic partnership with Inter Milan, becoming the club's global automotive partner and providing approximately 70 electric vehicles [1] Group 2: Financial Performance of Automotive Companies - Jiangling Motors reported a total revenue of 18.092 billion yuan for the first half of 2025, a year-on-year increase of 0.96%, while net profit attributable to shareholders decreased by 18.17% to 733 million yuan [1] - General Motors' Q2 2025 revenue was 47.122 billion USD, a decline of 1.8%, with net profit attributable to shareholders dropping 35.4% to 1.895 billion USD [4] - Stellantis faced a loss of 2.3 billion euros (approximately 19.3 billion yuan) in the first half of the year, with a 25% year-on-year decline in North American market sales [4] - Hyundai and Kia's electric vehicle exports to the U.S. fell by 88% in the first five months of the year, with Hyundai exporting 3,906 units and Kia 3,250 units [5] Group 3: Market Trends and Changes - Tesla's vehicle registrations in California dropped to 41,138 units in Q2, marking a 21.1% year-on-year decline and the seventh consecutive quarter of decline [3] - Mitsubishi Motors announced the termination of its joint venture with Aerospace Mitsubishi due to the rapid transformation of the Chinese automotive industry [6] Group 4: New Product Launches - Wuling officially launched the 2026 model of the Wuling Xingchi, with two configurations priced at 52,800 yuan and 66,800 yuan, respectively, and cumulative sales exceeding 80,000 units since launch [2]

董事会认为，终止协议不会对集团的财务表现及业务运营造成重大不利影响，并符合公司及全体股东的 整体利益。 截至公告日期，该等物业尚未由业务伙伴完成收购。由于越南法律及法规的变更，预期将对双方原有业 务计划构成重大延误，鼎阳与业务伙伴双方同意终止《投资合作备忘录》，并于二零二五年六月二十七 日订立终止协议(「终止协议」)。根据终止协议，业务伙伴将向鼎阳支付总金额72,500,000,000越南盾的 款项，当中包括(i)全数退还鼎阳投资额；及(ii)3,500,000,000越南盾的补偿金额，大约相当于鼎阳投资额 的5%。于终止协议完成后，物业投资将不再进行，且双方将解除并免除在《投资合作备忘录》下的任 何进步义务或责任。公司并无意图自行或透过其他业务伙伴进一步投资或收购该等物业。 格隆汇6月27日丨越南制造加工出口(00422.HK)公布，有关鼎阳(公司的间接非全资附属公司)与业务伙 伴阮民皇越先生订立的《投资合作备忘录》。诚如该等公告所述，鼎阳已同意透过业务伙伴共同投资位 于越南该等物业，鼎阳将向业务伙伴转账69,000,000,000越南盾(「鼎阳投资额」)，并委托业务伙伴向 Sunshine Develop ...

Market Overview - The Hong Kong stock market experienced a significant rise on May 14, with all three major indices increasing by over 2%. The Hang Seng Index rose by 2.3% to 23,640.65 points, the Hang Seng China Enterprises Index increased by 2.47% to 8,593.07 points, and the Hang Seng Tech Index gained 2.13% to 5,381.78 points [2]. Financial Sector Performance - Major financial stocks saw a substantial surge, particularly in the insurance and Chinese brokerage sectors. Notable gains included China Pacific Insurance rising nearly 8%, with China Life and China Taiping both increasing by over 6%. In the brokerage sector, Hongye Futures surged over 12%, while other firms like Xingsheng International and GF Securities rose by 9% and 6%, respectively [4][9]. Technology Sector Performance - Large technology stocks collectively performed well, with Baidu increasing by over 4%, Alibaba and JD.com both rising by over 3%, and Tencent gaining nearly 3%. Internet healthcare stocks also showed strength, with JD Health and ZhongAn Online both rising over 5% [4][6]. Automotive Sector Performance - The automotive sector continued its upward trend, with Leap Motor increasing by over 6% to reach a new high. Other notable gains included BYD and Li Auto, both rising over 4%, while XPeng and NIO increased by over 3% [5][10]. Regulatory Impact - The China Securities Regulatory Commission (CSRC) recently released a plan to promote the high-quality development of public funds, which is expected to drive capital flows towards the brokerage sector. The new regulations may lead fund managers to allocate more resources to sectors with lower current allocations, particularly those with higher benchmark weights [9].

Financial Performance - Revenue for the three months ended March 31, 2025, was $19.8 million, an increase of 76.8% from $11.2 million in the same period of 2024[3] - Gross profit for the same period was $2.5 million, compared to $0.4 million in 2024, reflecting a significant improvement[4] - The company reported a net profit of $0.9 million for the three months ended March 31, 2025, reversing a loss of $1.6 million in the previous year[4] - Operating income improved to $593,312 from a loss of $1.57 million year-over-year[4] - Total comprehensive income for the period was $703,962, compared to a loss of $2.87 million in the same quarter of 2024[5] Cash Flow and Liquidity - Cash and cash equivalents decreased to $11.53 million from $14.89 million at the end of the previous year[8] - The company reported a net cash outflow from operating activities of $6.23 million, compared to a net inflow of $3.49 million in the same period last year[8] Balance Sheet - Inventory increased to $25.45 million from $22.29 million, indicating a rise in stock levels[6] - Total assets decreased slightly to $96.08 million from $95.57 million[6] - The company’s total equity increased to $45.69 million from $44.98 million, showing a positive trend in shareholder equity[7]

Financial Performance - The company's revenue for 2024 was $81.1 million, a decrease of 22.8% compared to $105.1 million in 2023[9]. - Gross profit for 2024 was $7.3 million, down from $15.5 million in 2023, reflecting a significant decline in profitability[9]. - The company reported a loss before tax of $3.5 million in 2024, compared to a profit of $1.9 million in 2023[9]. - Total assets decreased to $103.4 million in 2024 from $106.1 million in 2023, indicating a reduction in the company's asset base[9]. - The total liabilities increased to $58.4 million in 2024 from $55.0 million in 2023, resulting in a higher debt level[9]. - The company's net asset value was $45.0 million in 2024, down from $51.1 million in 2023, showing a decline in shareholder equity[9]. - The group experienced a net loss of $3.8 million for the year ended December 31, 2024, a decrease of $5.5 million from a net profit of $1.7 million in the previous year[15]. - The company recorded a net loss of $3.8 million for the year ending December 31, 2024, compared to a net profit of $1.7 million for the year ending December 31, 2023, resulting in a decrease of $5.5 million. The net profit margin decreased from 1.6% to a net loss margin of 4.7%[25]. - The group's gross profit was approximately $7.3 million with a gross margin of 9.0%, down from $15.5 million and 14.7% respectively in the previous year, reflecting decreased sales volume and underutilized production capacity[18]. - Operating loss for the year ended December 31, 2024, was $2.8 million, compared to an operating profit of $1.9 million in the previous year[22]. Sales and Market Performance - The overall motorcycle sales in Vietnam reached approximately 51.7 thousand units in 2024, an increase of 30.8% compared to the previous year[12]. - The company exported approximately 27.6 thousand units of scooters and national motorcycles to ASEAN and non-ASEAN markets, a decrease of 41.0% from the previous year[12]. - Revenue for the year ended December 31, 2024, was $81.1 million, a decrease of $24.0 million or 22.8% compared to $105.1 million for the year ended December 31, 2023, primarily due to a significant drop in sales in Thailand[16]. - Domestic sales in Vietnam contributed approximately 50.3% of total revenue, up from 34.4% in the previous year, with domestic revenue increasing by 13.0% to $40.8 million[16]. - Export sales revenue decreased by 41.6% to $40.3 million, down from $69.0 million in the previous year, largely due to reduced sales in Thailand[16]. Corporate Governance - The company maintains a high standard of corporate governance, adhering to the corporate governance code as per the Hong Kong Stock Exchange[49]. - The company has established three board committees: the audit committee, the remuneration committee, and the nomination committee, with defined scopes of authority[61]. - The board is responsible for setting the group's goals, strategies, policies, and business plans, as well as monitoring operational and financial performance through annual budgets[54]. - The company emphasizes a corporate culture of "quality first and customer satisfaction," aiming for sustainable development and value creation for stakeholders[48]. - The board believes that the risk management and internal control systems are effective and sufficient as of December 31, 2024[81]. Employee and Workforce Management - The company employed 1,014 employees as of December 31, 2024, with total salary and related costs approximately $10.5 million, down from $12.0 million in the previous year[35]. - As of December 31, 2024, the total number of shares issued by the company is 797,489,604, with key shareholders holding significant stakes, including SY International Ltd. with 67.07%[141]. - The group has a total of 1,014 employees, with 793 male and 221 female employees, indicating a gender ratio of approximately 78% male to 22% female[188]. - The majority of employees (751) are full-time junior staff, while there are 150 full-time middle management and 113 full-time senior management[188]. - Employee training statistics for 2024 show that 12.74% of female employees and 87.26% of male employees participated in training programs, with an average training duration of 6 hours per employee[200]. Sustainability and Environmental Initiatives - The company is committed to sustainability initiatives, aiming to reduce carbon emissions by 25% by 2026[107]. - The company is committed to promoting environmental sustainability and high standards of corporate governance[156]. - The company has established an ESG governance framework to enhance its ESG management efforts[164]. - The company aims to expand the reporting scope of environmental KPIs to better reflect its ESG performance in the future[161]. - The company conducts annual environmental assessments, including noise and air quality tests, to ensure employee health and safety[198]. Risk Management - The company faces significant risks in the Vietnamese motorcycle industry due to market changes and increased competition[144]. - The company emphasizes the importance of risk management practices to mitigate operational and financial risks[144]. - The group has established procedures to identify, assess, and manage significant risks, with management responsible for risk identification[83]. Shareholder Communication - The board emphasizes the importance of maintaining clear and timely communication with shareholders to build investor confidence and attract new investors[93]. - The company has adopted a formal shareholder communication policy to ensure accurate and timely information is available through annual reports, interim reports, and announcements[93]. - Shareholders holding at least 10% of the paid-up capital can request a special general meeting within two months of submitting a written request[96]. Future Outlook and Strategic Initiatives - The company plans to launch two to three new or revamped motorcycle models in the Vietnamese market, including scooters and national vehicles, to enhance product diversification and profitability[38]. - The company is focusing on market expansion, particularly in Southeast Asia, aiming for a 30% market share by 2025[105]. - New product development includes the launch of an electric scooter line, expected to contribute $50 million in revenue in the first year[104]. - The management team has set a performance guidance of 20% EBITDA margin for the upcoming fiscal year[110].

Financial Performance - Revenue for the year ended December 31, 2024, was $81.1 million, a decrease of 22.8% from $105.1 million in 2023[3] - Gross profit fell to $7.3 million, down 52.8% from $15.5 million in the previous year[3] - The company reported a net loss of $3.8 million, compared to a profit of $1.7 million in 2023, representing a decline of 323.5%[3] - Basic and diluted loss per share was $(0.0042), compared to earnings of $0.0019 per share in 2023[7] - Total comprehensive loss for the year was $(6.155 million), a significant drop from a comprehensive income of $254,775 in the previous year[7] - The company reported a total pre-tax loss of $(3,524,562) for 2024, compared to a pre-tax profit of $1,857,866 in 2023[24] - The company reported a pre-tax loss of $3,844,473 for 2024, compared to a profit of $1,686,198 in 2023, resulting in a basic loss per share of $0.0042 for 2024, down from a profit of $0.0019 per share in 2023[34] - The company recorded an operating loss of $2.8 million for the fiscal year ending December 31, 2024, compared to an operating profit of $1.9 million for the fiscal year ending December 31, 2023[61] - The company's net loss margin increased from a net profit margin of 1.6% for the fiscal year ending December 31, 2023, to a net loss margin of 4.7% for the fiscal year ending December 31, 2024[65] Revenue Breakdown - Total revenue for the manufacturing and sales of motorcycles decreased to $72,781,261 in 2024 from $95,887,544 in 2023, representing a decline of approximately 24%[20] - Revenue from the manufacturing and sales of spare parts and engines decreased to $8,357,169 in 2024 from $9,260,375 in 2023, a decrease of about 10%[20] - The total reported segment revenue for 2024 was $98,605,201, down from $134,209,819 in 2023, indicating a decline of approximately 26.5%[24] - Revenue from Vietnam increased to $40,759,244 in 2024 from $36,131,761 in 2023, showing an increase of about 7%[27] - Revenue from Malaysia surged to $20,239,131 in 2024 from $6,754,409 in 2023, marking an increase of approximately 199%[27] Assets and Liabilities - Non-current assets decreased to $7.79 million from $8.49 million in 2023, reflecting a decline of 8.3%[9] - Current assets totaled $95.57 million, down from $97.61 million in 2023, a decrease of 2.1%[9] - Current liabilities increased to $56.30 million from $52.75 million, marking a rise of 6.5%[9] - The company's equity attributable to owners decreased to $44.98 million from $51.13 million, a decline of 12.1%[10] - The total amount of trade and other payables rose from $9,746,471 in 2023 to $22,220,446 in 2024, an increase of about 128.5%[45] Expenses - Research and development expenses decreased to $1,722,989 in 2024 from $2,420,421 in 2023, indicating a reduction of approximately 29%[30] - The total cost of goods sold was $73,851,650 in 2024, compared to $89,657,485 in 2023, reflecting a decrease of about 17.7%[40] - Employee costs totaled $9,340,639 in 2024, down from $10,642,128 in 2023, marking a reduction of about 12.2%[28] - The total salary and related costs for the year ending December 31, 2024, were approximately $10.5 million, a decrease from $12.0 million in 2023, with a total of 1,014 employees as of December 31, 2024[69] - The total interest expense for 2024 was $2,560,684, compared to $2,930,985 in 2023, showing a decrease of approximately 12.6%[28] Inventory and Provisions - The company reported inventory write-downs of $1,668,167 in 2024, significantly higher than $196,144 in 2023, indicating a substantial increase in inventory losses[30] - The company’s total inventory value was $22,292,912 in 2024, slightly down from $22,853,016 in 2023, reflecting a decrease of about 2.4%[38] - The company reported a total inventory provision of $3,934,206 as of December 31, 2024, up from $2,751,978 in 2023, representing an increase of approximately 43.0%[41] Market and Economic Conditions - The overall economic growth rate (GDP) in Vietnam for 2024 is projected to be 7.09%, indicating a recovery in economic activity[50] - The company’s exports to ASEAN countries decreased by 41.0% compared to the previous year, with total sales of scooters and national vehicles amounting to approximately 27.6 thousand units[51] - The company's total sales volume to ASEAN countries decreased, primarily due to conservative consumer purchasing power in Thailand, leading to a decline in overall motorcycle sales compared to the same period last year[53] Future Outlook and Strategy - The company plans to actively explore new models and customers to seek business growth opportunities and enhance revenue[55] - The group plans to launch two to three new or modified motorcycle models in the Vietnamese market, including scooters and national vehicles, to enhance product diversification and profitability[71] - The outlook for 2025 indicates potential market demand growth due to global interest rate cuts and lower commodity prices, although uncertainties remain due to US trade policies[70] - The group is actively seeking to enhance long-term profitability and aims to provide the best returns to its shareholders[72] Dividends and Shareholder Returns - The board did not recommend a final dividend for the year ended December 31, 2024[3] - The board of directors does not recommend the payment of a final dividend for the year ending December 31, 2024 (2023: none) [90] Corporate Governance and Compliance - The company has maintained sufficient public float as required by listing rules for the year ending December 31, 2024, and as of the announcement date [91] - The annual performance announcement will be published on the Hong Kong Stock Exchange's disclosure website and the company's website [92]

Revenue and Profitability - Revenue for the nine months ended September 30, 2024, was $61.2 million, a decrease of 31.4% from $89.2 million in the same period of 2023[1] - Gross profit for the same period was $4.9 million, down 62.3% from $13.0 million year-over-year[1] - The company reported a net loss after tax of $1.9 million, compared to a profit of $3.5 million in the previous year, representing a decline of 154.3%[1] Cash Flow and Liquidity - Operating cash flow for the nine months ended September 30, 2024, was $15.5 million, a significant improvement from a cash outflow of $3.3 million in the same period of 2023[7] - Cash and cash equivalents at the end of the period were $17.3 million, up from $8.5 million at the end of 2023, reflecting improved liquidity[7] Assets and Liabilities - Total assets decreased to $94.2 million as of September 30, 2024, from $97.6 million at the end of 2023[4] - Current liabilities increased to $20.2 million from $9.7 million at the end of 2023, indicating a rise in short-term financial obligations[4] Shareholder Equity and Financial Management - The total equity attributable to the company's shareholders decreased to $48.3 million from $51.1 million at the end of 2023, indicating a decline in shareholder value[6] - The company reported a net financing income of $987,837, an increase from $872,999 in the same period last year, showing improved financial management[2] Foreign Exchange Impact - The company experienced a foreign exchange loss of $915,140 for the period, compared to a loss of $1,697,434 in the previous year[3]

Financial Performance - The company's revenue for the six months ended June 30, 2024, was $32.8 million, a decrease of 45.9% from $60.6 million for the same period in 2023[6]. - The company recorded a net loss of $2.4 million for the six months ended June 30, 2024, compared to a net profit of $3.0 million for the same period in 2023, a decrease of $5.4 million[6]. - Revenue for the six months ended June 30, 2024, was $32,849,975, a decrease of 46.1% compared to $60,607,091 for the same period in 2023[42]. - Gross profit for the same period was $2,832,826, down 66.5% from $8,456,522 in 2023[42]. - The group reported a pre-tax loss of $2,418,066 for the six months ended June 30, 2024, compared to a pre-tax profit of $3,008,031 for the same period in 2023[55]. - The total comprehensive loss for the period was $4,738,801, compared to a comprehensive income of $2,932,094 in 2023[43]. - The group reported an operating loss of $2,418,353 for the six months ended June 30, 2024, compared to a profit of $3,001,138 for the same period in 2023, resulting in a basic loss per share of $0.0027[61]. Sales and Market Performance - Total sales in Vietnam reached approximately 21.4 thousand units, an increase of 37.2% year-on-year, with scooters accounting for about 6.8 thousand units and national motorcycles for 14.6 thousand units[5]. - Sales of scooters and national motorcycles exported to ASEAN countries totaled approximately 11.1 thousand units, a decrease of 66.6% compared to the same period last year[5]. - The decline in sales to ASEAN countries was attributed to conservative consumer purchasing power in key markets like Malaysia, the Philippines, and Thailand, influenced by currency depreciation against the US dollar[5]. - The company plans to expand its market presence beyond ASEAN countries to Europe and the Middle East, aiming to diversify sales channels and enhance market competitiveness[5]. Cost and Expenses - The group's cost of sales for the six months ended June 30, 2024, was $30.0 million, a decrease of 42.5% from $52.2 million for the same period in 2023[8]. - Distribution expenses decreased by 36.7% to $1.9 million for the six months ended June 30, 2024, compared to $3.0 million for the same period in 2023[10]. - Administrative and other operating expenses decreased by 8.8% to $3.1 million for the six months ended June 30, 2024, from $3.4 million for the same period in 2023[11]. - The group’s employee costs for the six months ended June 30, 2024, totaled $4,884,839, down from $5,799,568 in the same period of 2023, reflecting a decrease of 15.8%[57]. Assets and Liabilities - As of June 30, 2024, the group's current assets were $91.9 million, down from $97.6 million as of December 31, 2023[16]. - The group reported a total equity of $46,398,720 as of June 30, 2024, down from $51,137,521 at the end of 2023, a decrease of about 9.2%[45]. - The company’s total liabilities decreased to $2,090,013 from $2,170,072, reflecting a decrease of about 3.7%[44]. - Current liabilities increased to $51,326,253 from $52,797,600, indicating a decrease of about 2.8%[44]. Cash Flow and Financing - Cash and cash equivalents stood at $21,972,259 as of June 30, 2024, up from $8,857,049, reflecting a significant increase of approximately 148.5%[49]. - The net cash flow from operating activities for the six months ended June 30, 2024, was $6,683,036, compared to a negative cash flow of $(3,217,501) for the same period in 2023[49]. - The net cash flow from investing activities for the first half of 2024 was $8,385,622, compared to $2,848,463 in the same period of 2023, indicating a substantial increase[49]. - The company’s borrowings amounted to $42,098,345 for the first half of 2024, compared to $63,182,782 in the previous year, showing a decrease of about 33.3%[49]. Strategic Initiatives - The company aims to continue developing new models and seeking business growth opportunities to enhance revenue and create higher value[7]. - The company plans to enhance brand awareness through targeted marketing campaigns and expand market coverage to attract more potential consumers[26]. - The company aims to strengthen product design and core technology development as part of its focus on product innovation[26]. - The company is focusing on expanding its market presence and enhancing its product offerings through strategic acquisitions and partnerships, as evidenced by the increase in related party transactions[69]. Related Party Transactions - The company has engaged in related party transactions with various subsidiaries, including Sanyang Motor Colombia S.A.S. and Vietnam Sanyang Machinery Industry Joint Stock Company, indicating ongoing strategic partnerships[69]. - The total receivables from related parties as of June 30, 2024, were $492,837, a significant increase from $99,729 as of December 31, 2023, representing a growth of approximately 393%[70]. - The total payables to related parties as of June 30, 2024, were $6,248,339, compared to $1,309,586 as of December 31, 2023, indicating an increase of approximately 377%[70]. Governance and Compliance - The financial results were reviewed by KPMG, confirming compliance with applicable accounting standards[38]. - The company continues to adhere to corporate governance practices as outlined in the listing rules[35]. - There were no significant events after June 30, 2024, that could impact the group[37].

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依賴該等內容而引致的任何損失承擔任 何責任。 Vietnam Manufacturing and Export Processing (Holdings) Limited 越南製造加工出口(控股)有限公司 (於開曼群島註冊成立的有限公司) (股份代號：422) 截至二零二四年六月三十日止六個月 中期業績公告 | --- | --- | --- | --- | |-----------------------------|------------|-------------------------------------|-------------------------------| | 財務摘要： | 二零二四年 | 截至六月三十日止六個月 \n二零二三年 | （以百萬美元表示） \n變動金額 | | ‧收入 | 32.8 | 60.6 | (27.8) | | ‧毛利 | 2.8 | 8.5 | (5.7) | | ‧稅後（虧損）／利潤 | ( ...