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。 中期業績 敏實集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公司 （「本集團」）截至二零二五年六月三十日止六個月（「回顧期間」）未經審核綜合財務業績連 同截至二零二四年六月三十日止六個月（「二零二四年同期」）的比較數字之詳情如下： – 1 – MINTH GROUP LIMITED • 營業額增長約10.8%，達到約人民幣12,287百萬元（二零二四年同期：約人民幣 11,090百萬元）。 • 毛利率約28.3%（二零二四年同期：約28.5%）。 • 本公司擁有人應佔溢利增長約19.5%，為約人民幣1,277百萬元（二零二四年同期： 約人民幣1,068百萬元）。 • 每股基本盈利約人民幣1.120元（二零二四年同期：約人民幣0.928元）。 簡明綜合損益及其他全面收益表 敏實集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：425） 截至二零二五年六月三十日止 ...

Group 1 - Automotive parts stocks saw significant gains, with Minth Group rising 7.11% to HKD 34.64, Nexperia up 6.16% to HKD 6.89, and Delta Electronics increasing 5.27% to HKD 28.74 [1] - A report from China Merchants Securities highlights a noticeable off-season in the car market for July, attributed to sales overreach in June and temporary subsidy interruptions in some regions. However, a new batch of national subsidies amounting to 68 billion is expected to boost the market towards the end of August [1] - The upcoming World Robot Conference is anticipated to act as a catalyst for the robotics industry and related sectors, with a focus on companies that have significant product deliveries and ongoing order fulfillment [1] Group 2 - According to Minsheng Securities, BYD's entire model lineup will feature advanced driving capabilities, with models priced around 200,000 expected to be a major growth area for advanced driving technology. The year 2025 is projected to be a turning point for equal access to intelligent driving [1] - Tesla's Full Self-Driving (FSD) has surpassed 3 billion miles in cumulative mileage, with version 13 achieving parking-to-parking functionality. The rapid growth of Tesla's AI computing power is providing strong support for model training [1] - There is optimism regarding the growth potential in the intelligent driving domain, cockpit domain control, and steer-by-wire chassis sectors [1]

Group 1 - Automotive parts stocks saw significant gains, with Minth Group rising 7.11% to HKD 34.64, Nexperia up 6.16% to HKD 6.89, and Delta Electronics increasing 5.27% to HKD 28.74 [1] - According to a report from China Merchants Securities Hong Kong, July showed clear signs of a seasonal downturn in the automotive market, influenced by sales overreach in June and temporary subsidy interruptions in some regions [1] - The central government has allocated an additional 68 billion yuan in subsidies, which is expected to help the market recover towards the end of August, transitioning into a peak season [1] Group 2 - Minsheng Securities highlighted that BYD's entire model lineup will feature advanced driving capabilities, with models priced around 200,000 yuan expected to be a major growth area for advanced driving technology [1] - Tesla's Full Self-Driving (FSD) has accumulated over 30 billion miles, with the V13 version achieving parking-to-parking functionality, indicating rapid growth in AI computing power for model training [1] - The potential for growth in domains such as intelligent driving domain control, cockpit domain control, and drive-by-wire chassis is viewed positively [1]

Group 1 - Automotive parts stocks saw significant gains, with Minth Group rising 7.11% to HKD 34.64, Nexperia up 6.16% to HKD 6.89, and Delta Electronics increasing 5.27% to HKD 28.74 [1] - The China Passenger Car Association reported a clear seasonal downturn in the car market for July, influenced by sales overreach in June and temporary subsidy interruptions in some regions [1] - The central government has allocated an additional RMB 68 billion in subsidies, which is expected to help the market recover and transition towards peak season by late August [1] Group 2 - Domestic market trends indicate that all BYD models will feature advanced driving capabilities, with models priced around RMB 200,000 expected to be a major growth area for high-level driving assistance [1] - Tesla's Full Self-Driving (FSD) has surpassed 3 billion miles in cumulative mileage, with the V13 version achieving parking-to-parking functionality, indicating rapid growth in AI computing power for model training [1] - The industry outlook is positive for domains such as intelligent driving domain control, cockpit domain control, and steer-by-wire chassis, which are expected to see significant growth potential [1]

格隆汇8月15日丨敏实集团(00425.HK)公布，谨定于2025年8月27日(星期三)举行董事会会议，以(其中包 括)审议批准公司及其附属公司截至2025年6月30日止六个月的中期业绩以作刊发之用及其他任何事务。 ...

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。 MINTH GROUP LIMITED 敏 實 集 團 有 限 公 司 董事會會議通知 本公告乃依據《香港聯合交易所有限公司證券上市規則》第13.43條的披露義務而作出。 敏實集團有限公司（「本公司」）董事（「董事」）會（「董事會」）玆通告謹定於 二零二五年八月二十七日（星期三）舉行董事會會議，以（其中包括）審議批准本公 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以作刊發之用及其他 任何事務。 承董事會命 敏實集團有限公司 魏清蓮 主席 香港，二零二五年八月十五日 截至本公告日期，董事會成員包括：執行董事魏清蓮女士、葉國強先生、張玉霞女士 及 William Chin 先生，非執行董事秦千雅女士，獨立非執行董事莫貴標先生、佐古達信 先生、孟立秋教授、陳栢鴻先生及胡定吾先生。 -1- （於 開曼 群 島註 冊成 立的 有 限公 司 ） (股 份 代 號：425) ...

Industry Rating - The industry investment rating is "Outperform the Market" [1][1] Core Insights - The European new energy vehicle market is reaching a turning point driven by stringent carbon emission assessments and the cyclical nature of vehicle models [2] - The EU's policies, including the ban on fuel vehicles and tiered carbon reduction targets, are creating rigid constraints that push for electrification [2][8] - Major automakers are accelerating their electric vehicle (EV) strategies to meet upcoming carbon targets, with significant growth in battery electric vehicle (BEV) sales [3][19] Policy and Market Dynamics - The EU's tightening carbon reduction policies are compelling automakers to expedite their transition to new energy vehicles [7] - The EU has set ambitious carbon emission targets, including a ban on new fuel vehicles by 2035 and specific CO2 emission limits for new cars starting in 2025 [8][11] - The introduction of the ZLEV coefficient incentivizes manufacturers to increase the share of zero and low-emission vehicles in their fleets [15] Automaker Performance - Volkswagen delivered 465,500 BEVs globally in the first half of 2025, with a significant contribution from Europe, achieving a year-on-year growth of 89% [3][32] - Stellantis has improved its market share in Europe, ranking first in the hybrid market and second in the BEV market, supported by a multi-platform strategy [3][33] - Renault's BEV sales in Europe increased by 88% in Q1 2025, with a focus on affordable models and a strong platform strategy [3][42] Supply Chain and Component Manufacturers - Companies like Minth and Weimars are benefiting from the growth in the new energy vehicle supply chain, with significant revenue increases projected [4][49] - Minth's battery box business is expected to generate 5.338 billion yuan in revenue in 2024, reflecting a 50.96% year-on-year growth [4][48] - Weimars is positioned as a leading supplier in the domestic market, with a market share of 29.41% in the third-party vehicle charging market [4][52] Future Outlook - The report anticipates continued growth in the European new energy vehicle market, driven by regulatory pressures and technological advancements [2][19] - The performance of key players in the supply chain is expected to improve as the demand for new energy vehicles rises [4][59]

Investment Rating - The report assigns a "BUY" rating for the company, indicating a potential upside in the stock price [6][11]. Core Insights - The company is a global automotive parts supplier, ranked 70th among the top automotive parts companies worldwide, with partnerships with major clients such as Stellantis, Daimler, Volkswagen, Tesla, BYD, and Geely. The company is expected to benefit from its global presence and strong supply chain management [7]. - The traditional business segments (plastic parts, aluminum parts, and metal trims) provide stable cash flow, while the battery box business is projected to grow over 30% this year. The company is also entering emerging industries such as humanoid robots and low-altitude economy sectors, which could further expand its growth potential [7][8]. - The company’s revenue is expected to reach 23.1 billion RMB in 2024, with a projected net profit of 2.74 billion RMB in 2025, reflecting year-over-year growth rates of 18%, 17%, and 15% for the following years [8][10]. Summary by Sections Company Overview - The company operates in the automotive industry, with a current stock price of HKD 25.96 and a market capitalization of 17.844 billion HKD. The stock has seen a significant increase of 145.01% over the past year [3][4]. Financial Performance - The company’s revenue is projected to grow from 20.524 billion RMB in 2023 to 34.104 billion RMB in 2027, with a gross profit margin of 28.94% expected in 2024, an increase of 1.7 percentage points year-over-year [10][12]. - The net profit is forecasted to increase from 1.903 billion RMB in 2023 to 3.692 billion RMB in 2027, with corresponding EPS growth from 1.654 RMB to 3.205 RMB over the same period [10][12]. Emerging Business Segments - The company is actively developing humanoid robots and low-altitude flying vehicles, with strategic partnerships established for component development. The humanoid robot market is expected to reach 21 billion RMB by 2030, with the company aiming for over 10% market share [7][8].

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: 敏實集團有限公司 呈交日期: 2025年8月5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) | 00425 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | 本月底法定/註冊股本總額 ...

Group 1 - The top three stocks with net inflows of southbound funds are Yingfu Fund (02800) with 2.858 billion, Hang Seng China Enterprises (02828) with 2.255 billion, and Meituan-W (03690) with 1.397 billion [1][2] - The top three stocks with net outflows of southbound funds are Pop Mart (09992) with -0.382 billion, Ping An of China (02318) with -0.360 billion, and Laopu Gold (06181) with -0.345 billion [1][2] - In terms of net inflow ratio, the top three are Hopson Development Holdings (00754) at 70.43%, K Wah International Holdings (00173) at 64.10%, and Qingdao Port International (06198) at 61.26% [1][2] Group 2 - The top three stocks with the highest net outflow ratios are Gawei Electronics (01415) at -60.55%, Bank of China Aviation Leasing (02588) at -46.75%, and GX Hengsheng Technology (02837) at -43.69% [1][3] - The top ten stocks with the highest net inflows include Kuaishou-W (01024) with 1.391 billion and Alibaba-W (09988) with 1.040 billion [2] - The top ten stocks with the highest net outflows also include CICC (03908) with -0.333 billion and Kangfang Biologics (09926) with -0.263 billion [2]