Summary of Key Points Core Viewpoint - As of July 11, a total of 167 stocks reached their 52-week highs, indicating a strong market performance with notable leaders in the stock price increases [1]. Group 1: Top Performing Stocks - The top three stocks with the highest increase rates are: - Mistrategy Equity (02902) with a high rate of 67.86% and a closing price of 1.600 [1] - Kexuan Power Holdings (00476) with a high rate of 58.73% and a closing price of 1.000 [1] - Xingzheng International (06058) with a high rate of 36.00% and a closing price of 0.590 [1] Group 2: Notable Stock Performance - Other notable stocks include: - China National Cultural Industry (00745) with a high rate of 34.62% [1] - Aluminum Corporation of China International (02068) with a high rate of 28.21% [1] - Shandong Xinhua Pharmaceutical (00719) with a high rate of 13.20% [1] Group 3: Additional Stocks with Significant Increases - Additional stocks with significant increases include: - Yuyuan Agriculture (09858) with a high rate of 12.62% [1] - WuXi AppTec (02359) with a high rate of 11.70% [1] - Kailai Ying (06821) with a high rate of 10.90% [1] Group 4: 52-Week Low Rankings - The 52-week low rankings show: - XI II Nan CO (07311) with a low rate of -12.60% [5] - XI II Nan Strategy (07399) with a low rate of -11.18% [5] - Ying Tai Medical (01501) with a low rate of -10.67% [5]

财务数据显示，截至2025年3月31日，科轩动力控股实现营业总收入277.96万元，同比减少92.87%；归 母净利润-3.43亿元，同比减少16.5%；毛利率-65.41%，资产负债率13.21%。 7月11日，截至港股收盘，恒生指数上涨0.46%，报24139.57点。科轩动力控股（00476.HK）收报1.0港 元/股，上涨69.49%，成交量2932.75万股，成交额2474.73万港元，振幅71.19%。 最近一个月来，科轩动力控股累计涨幅47.5%，今年来累计涨幅61.64%，跑赢恒生指数19.78%的涨幅。 （以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 本文源自：金融界 机构评级方面，目前暂无机构对该股做出投资评级建议。 作者：行情君 行业估值方面，工业工程行业市盈率（TTM）平均值为17.4倍，行业中值3.41倍。科轩动力控股市盈 率-0.36倍，行业排名第198位；其他中国航天万源（01185.HK）为0.32倍、谊砾控股（00076.HK）为 0.34倍、亿都(国际控股)（00259.HK）为0.65倍、天洁环境（01527.HK）为2.05倍、同景新 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Ev Dynamics (Holdings) Limited 科軒動力（控股）有限公司 （於百慕達註冊成立之有限公司） （股份代號：476） 截至二零二五年三月三十一日止年度之 全年業績公告 科 軒 動 力（控 股）有 限 公 司（「本公司」）之 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 三 月 三 十 一 日 止 年 度 之 經 審 核 綜 合 業 績。 綜合損益及其他全面收益表 截至二零二五年三月三十一日止年度 | 二零二五年 | 二零二四年 | 附 | 千港元 | 千港元 | 註 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | -- ...

Core Viewpoint - A surge in AI computing power concept stocks has been observed, with Shenghong Technology reaching a historical high in stock price, indicating strong market interest and growth potential in the AI computing sector [1][3]. Company Performance - Shenghong Technology (300476) specializes in the research, production, and sales of high-density printed circuit boards (PCBs), with a comprehensive product range including rigid and flexible circuit boards. The company is benefiting from the growing demand in AI, data centers, and smart automotive applications, leading to a significant increase in global PCB demand [3]. - For 2024, Shenghong Technology is projected to achieve total revenue exceeding 10 billion yuan and a net profit of 1.154 billion yuan, both marking historical highs. In Q1 2025, the company reported total revenue of 4.312 billion yuan, a year-on-year increase of 80.31%, and a net profit of 921 million yuan, up 339.22% year-on-year [3][4]. - The stock price of Shenghong Technology has increased significantly, rising from a low of less than 14 yuan per share in 2024 to a closing price of 101.01 yuan, representing a growth of over 6.3 times [4]. Industry Trends - The Ministry of Industry and Information Technology has issued the "Computing Power Interconnection Action Plan," aiming for standardized interconnection of public computing power by 2028. This initiative is expected to accelerate the domestic computing power rate [5]. - The computing power industry is identified as a high-growth sector, benefiting from both policy support and industry transformation. The demand for domestic AI computing power is anticipated to remain robust, with several projects already demonstrating successful implementation [5]. - As of June 5, 2023, the total market capitalization of AI computing power stocks in the A-share market reached 2.76 trillion yuan, an increase of over 1 trillion yuan since the end of 2023. Five stocks have market capitalizations exceeding 100 billion yuan [6]. Investment Opportunities - Analysts remain optimistic about the future of AI computing power stocks, with 31 stocks expected to see net profit growth exceeding 20% in 2025 and 2026. Notable stocks such as Haiguang Information and Zhongji Xuchuang have garnered significant institutional attention [6]. - The potential for substantial price increases exists, with 15 stocks showing an upside potential of over 20%, and 7 stocks having an upside potential exceeding 30% [6][7].

Core Viewpoint - The company is involved in a legal dispute regarding the sale of its subsidiary, with significant financial implications stemming from the arbitration and court rulings [1][2]. Group 1: Sale Agreement and Initial Actions - On June 2, 2023, the company announced a sale agreement for the entire equity of Chongqing Zhong Copper New Energy Technology Co., Ltd. for RMB 34 million [1]. - The sale involves specific intangible assets held by a subsidiary, Chongqing Suitong New Energy Vehicle Manufacturing Co., Ltd., while other major assets and liabilities must be retained within the group until the restructuring is completed [1]. - The buyer has made payments totaling approximately RMB 24.9 million and RMB 9.1 million to the subsidiary, but the company disputes that about RMB 4.1 million should be paid to it or its other subsidiaries [1]. Group 2: Legal Proceedings and Arbitration - On August 21, 2024, the buyer filed for arbitration, seeking the return of the RMB 34 million, plus penalties of RMB 6.8 million and compensation of approximately RMB 400 million [2]. - On September 3, 2024, the company received a court order freezing its shares in several subsidiaries for three years [2]. - The arbitration ruling on May 16, 2025, declared the sale agreement effectively terminated and mandated the company to refund the RMB 34 million and pay additional penalties and fees [2].

Financial Performance - For the six months ended September 30, 2024, the group recorded revenue from electric vehicle sales of approximately HKD 2,200,000, a decrease from HKD 35,600,000 for the same period in 2023[17]. - Gross profit for the same period was approximately HKD 600,000, with a gross margin of 29.7%, compared to a gross margin of 14.3% in the previous year[17]. - The group reported a loss of approximately HKD 41,700,000, significantly reduced from HKD 104,200,000 in the prior year, mainly due to a decrease in fair value losses on financial assets[17]. - Basic and diluted loss per share for the six months ended September 30, 2024, was HKD 0.222, compared to HKD 0.535 for the same period in 2023[18]. - The total comprehensive loss for the period was HKD 12,060,000, compared to a loss of HKD 198,075,000 in the previous year, showing an improvement[120]. - The company reported a net loss of HKD 41,692,000 for the six months ended September 30, 2024, compared to a net loss of HKD 104,213,000 in the same period last year[118]. - The company’s equity attributable to owners was HKD 1,236,022,000, down from HKD 1,246,213,000[125]. - The basic and diluted loss per share for the period was HKD 0.222, compared to HKD 0.535 in the previous year[120]. - The total comprehensive loss before tax for the six months ended September 30, 2024, was HKD (41,753) thousand, compared to HKD (104,274) thousand for the same period in 2023, showing a reduction of approximately 60%[160]. Operational Developments - The group has successfully delivered a 12-meter electric bus to a non-governmental organization in Hong Kong, with expectations for more orders in the future[23]. - The group launched the all-electric 19-seat low-floor minibus "APEX-MINI," with the first unit delivered to a local green minibus operator during the reporting period[23]. - The group has developed the "COMET" city bus for emerging markets like the Philippines and India, with over 65 units delivered to date[26]. - The group is exploring new market opportunities in Southeast Asia, including a trial order in Thailand for an electronic conversion kit for local transportation electrification projects[26]. - The group continues to seek business opportunities in the Hong Kong market, believing it can successfully market and sell vehicles while maintaining competitiveness[25]. Financial Position and Assets - Non-current assets totaled HKD 1,250,540,000 as of September 30, 2024, an increase from HKD 1,229,489,000 as of March 31, 2024[122]. - Current assets decreased to HKD 86,804,000 from HKD 121,679,000, reflecting a reduction in liquidity[122]. - Total assets amounted to HKD 1,337,344,000, slightly down from HKD 1,351,168,000[122]. - The company has approximately HKD 5,300,000 in unencumbered cash and bank deposits as of September 30, 2024, down from HKD 13,900,000 as of March 31, 2024[64]. - The company reported a fair value gain of HKD 8,300 thousand on financial assets measured at fair value through profit or loss, compared to a gain of HKD 97,536 thousand in the previous year[130]. Capital and Funding - The company raised approximately HKD 5,830,000 from a rights issue completed in October 2024, with funds allocated for electric vehicle production and operational costs[67]. - The company issued convertible bonds amounting to HKD 5,000,000, with net proceeds of approximately HKD 4,750,000 used for general working capital[66]. - The company plans to raise up to approximately HKD 132.2 million through a rights issue, which was approved by shareholders on August 15, 2024, with 71,927,651 shares to be issued, representing about 5.17% of the total[79]. Legal and Regulatory Matters - The company has been actively communicating with local government officials and the buyer regarding disputes over the sale agreement, which remains unresolved[38]. - An administrative lawsuit has been initiated against the cancellation of land use rights, with a court hearing held on July 26, 2024, and a judgment expected by March 31, 2025[48]. - The company is actively seeking legal advice to address a lawsuit regarding unpaid capital contributions amounting to RMB 21.7 million, with a court ruling requiring the company to complete the payment and repay RMB 1.5 million to the plaintiff[55]. Market and Strategic Outlook - The company anticipates that the electric vehicle business will continue to grow rapidly, contributing a larger share to overall revenue as it diversifies into overseas export markets[72]. - The company is focused on expanding its electric vehicle development and sales, as well as mining and trading of metals and minerals[138]. - The company plans to enhance its market presence through strategic investments and potential acquisitions in the electric vehicle sector[138]. Shareholder and Governance - The company has adopted corporate governance principles as per the listing rules, with a noted deviation regarding the roles of Chairman and CEO being held by the same individual, Zhang Ren[111]. - The company maintains compliance with the Securities and Futures Ordinance regarding the disclosure of interests by directors and major shareholders[106]. - The company’s stock option plans are subject to approval by shareholders at the annual general meeting[89].

Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 2,156,000, a significant decrease of 93.9% compared to HKD 35,567,000 for the same period in 2023[2] - The gross profit for the same period was HKD 641,000, down from HKD 5,070,000, indicating a decline of 87.4%[2] - The company incurred a loss before tax of HKD 41,753,000, compared to a loss of HKD 104,274,000 in the previous year, representing a 60% improvement[2] - Total comprehensive loss for the period was HKD 12,060,000, a reduction from HKD 198,075,000 in the prior year, reflecting a 93.9% decrease[8] - Basic and diluted loss per share was HKD 0.222, compared to HKD 0.535 in the previous year, showing an improvement of 58.5%[12] - The company reported a total comprehensive loss before tax of HKD (41,753,000), compared to HKD (104,274,000) in the previous year[28] - The group reported a loss of approximately HKD 41,700,000, a reduction from HKD 104,200,000 in the prior year, primarily due to a significant decrease in fair value losses on financial assets[101] Assets and Liabilities - The company's non-current assets totaled HKD 1,250,540,000 as of September 30, 2024, an increase from HKD 1,229,489,000 as of March 31, 2024[14] - Current assets decreased to HKD 86,804,000 from HKD 121,679,000, indicating a decline of 28.7%[14] - The total assets amounted to HKD 1,337,344,000, slightly down from HKD 1,351,168,000[14] - The company reported a net asset value of HKD 1,211,857,000, a slight decrease from HKD 1,216,299,000[16] - Total assets for reportable segments amounted to HKD 1,328,663,000 as of September 30, 2024, compared to HKD 1,314,196,000 as of March 31, 2024[30] - Total liabilities for reportable segments decreased to HKD (102,859,000) from HKD (114,253,000) in the previous year[30] Revenue Sources - Revenue from external customers for electric vehicle development was HKD 2,156,000, a decrease from HKD 35,567,000 in the previous year[26] - Revenue from external customers in China, including Hong Kong, reached HKD 1,880,000 for the six months ended September 30, 2024, compared to HKD 1,250,540, representing a significant increase[31] - The revenue from electric vehicle sales was HKD 2,156,000 for the six months ended September 30, 2024, down from HKD 35,567,000 in the previous year[34] Operational Focus - The company continues to focus on the development and sales of electric vehicles, mining, and trading of metals and minerals[18] - The group has established a production base in Chongqing for manufacturing electric buses and related systems, enhancing its market presence[104] - The company is actively exploring different market opportunities in the renewable energy sector, which is expected to be a key growth driver in the near future[113] Capital and Financing - The company incurred financing costs of HKD 178,000 for the six months ended September 30, 2024, down from HKD 544,000 in the previous year[37] - The company raised funds through a rights issue and issued convertible bonds amounting to HKD 5,000,000, providing significant financial support for liquidity and future development[137] - The company completed a rights issue in October 2024, generating a net amount of approximately HKD 5,830,000 after deducting all related expenses[142] Shareholder Information - The company has a total of four controlling shareholders, with the largest holding 34%[172] - The beneficial ownership of shares by major shareholder Entrust Limited is 98,272,751 shares, accounting for approximately 10.59% of the company[171] - The total number of shares held by Faith Profit Holding Limited, fully owned by Zhang Ren, is 22,258,640 shares, which is approximately 2.40% of the company[171] Corporate Governance - The company has adopted the corporate governance code as per the listing rules and has complied with the principles, except for the separation of the roles of Chairman and CEO, which are held by the same person[175] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited interim financial statements for the six months ending September 30, 2024[181] - The board of directors has confirmed compliance with the standards set out in the code of conduct for securities transactions by directors for the six months ending September 30, 2024[180] Challenges and Future Plans - The company is facing challenges due to recent economic downturns and rising market interest rates, which have slowed overall delivery progress despite signing numerous overseas contracts[113] - The company is considering implementing a revised mining plan that utilizes modern technology for more efficient extraction of mineral resources[62] - The initial investment and operating capital required for the revised mining plan is approximately RMB 350 million, with construction expected to be completed within 18 to 24 months[121]

Financial Performance - The group recorded revenue from electric vehicle sales of approximately HKD 42.2 million for the year ending March 31, 2024, compared to HKD 36.3 million in 2023, representing a growth of 24.1%[7]. - Gross profit for the year was approximately HKD 9.6 million, with a gross margin of 22.7%, up from a gross loss of HKD 0.6 million and a gross margin of 11.5% in the previous year[7]. - The group reported a loss of approximately HKD 326.8 million for the year, an increase from a loss of HKD 81.4 million in 2023, primarily due to impairment losses and fair value changes[8]. - Basic and diluted loss per share for the year was HKD 0.34, compared to HKD 0.09 in the previous year[8]. - The company generated approximately HKD 42,200,000 in revenue from electric vehicle sales, an increase of 16.2% compared to HKD 36,300,000 in the previous year[60]. - The gross profit for the year was approximately HKD 9,600,000, with a gross profit margin rising to 22.7%, up from 11.5% in the previous year[61]. - The loss attributable to the company's owners for the fiscal year was HKD (319,300,000), compared to HKD (81,200,000) in the previous year, indicating a significant increase in losses[92]. - The current ratio decreased to 0.9 from 2.8, reflecting a decline in liquidity[92]. - The debt-to-equity ratio increased to 2.33% from 1.59%, indicating a rise in financial leverage[92]. - The total assets decreased to HKD 1,351,168,000 from HKD 1,709,870,000, a decline of approximately 21%[101]. - The total liabilities increased to HKD (134,869,000) from HKD (91,554,000), showing a rise in obligations[101]. Strategic Expansion and Market Development - The group has diversified its sales network to multiple overseas markets, indicating a strategic expansion approach[16]. - The group successfully secured a contract to supply the first electric mobile command vehicle to the Hong Kong Fire Services Department, showcasing its capability in specialized vehicle manufacturing[18]. - The group launched a fully electric 19-seat low-floor minibus model (APEX-MINI) aimed at the Hong Kong market, with a total market size exceeding 4,000 units[17]. - The group anticipates significant growth in its electric bus and vehicle business, driven by the global trend towards zero-emission transportation[12]. - The company plans to deliver no less than 500 units of the COMET electric buses to the Philippines, with over 60 units already operational as of the report date[21]. - The company is confident in the future demand for customized electric vehicle solutions in Latin America, Asia, and Europe[22]. - The company has received a significant number of overseas contracts and orders, although delivery progress remains slow due to external pressures[27]. - The company has developed a fully electric transport solution, the COMET, designed specifically for emerging markets, enhancing its green policy initiatives[21]. Asset Management and Valuation - The company believes that its calcium nitrate mine is a valuable asset and will continue to evaluate its resources and financial viability regularly[12]. - As of March 31, 2024, the total mineral resources of Guangxi Glauberite Mine are estimated at 1,346,000 thousand tons, with a sodium sulfate grade of 17.53% and a metal tonnage of 236,000 thousand tons[33]. - The price per ton of Glauberite used in the valuation decreased from RMB 825 in the fiscal year ending March 31, 2023, to RMB 752 in the fiscal year ending March 31, 2024, due to a decline in average prices reported by third parties in the industry[43]. - The fair value of mineral assets decreased from approximately HKD 1,380,000,000 to HKD 1,139,000,000, primarily due to impairment losses of approximately HKD 170,631,000[45]. - The company recognized an impairment loss of RMB 156,200,000 on mineral assets due to a decline in fair value, compared to RMB 96,400,000 in the previous year[65]. - The fair value of the calcium sulfate mine was estimated at RMB 1,051,200,000 as of March 31, 2024, lower than its carrying value of RMB 1,207,400,000[65]. - The company has engaged qualified independent valuers to assess the fair value of its mineral assets annually, using a multi-period excess earnings method[38]. Legal and Regulatory Matters - A lawsuit regarding land use rights has been initiated, with the court hearing scheduled for July 26, 2024[48]. - The company is currently involved in arbitration concerning a construction contract, with claims amounting to approximately RMB 2,500,000[52]. - The company has made provisions of approximately RMB 1,583,000 as of March 31, 2024, related to legal matters[53]. - The company is actively seeking legal advice regarding ongoing litigation and is monitoring its potential impact on the group[57]. Corporate Governance and Management - The company has a strong governance framework, detailed in the annual report from pages 47 to 64[172]. - The board consists of three executive directors and three independent non-executive directors, ensuring a balanced structure with diverse knowledge and experience relevant to the group's business[185]. - The company has adopted the corporate governance code as per the listing rules and has complied with its principles and provisions as of March 31, 2024[180]. - The board has confirmed the independence of all independent non-executive directors as per listing rules[171]. - The company encourages continuous professional development for directors to ensure they are well-informed and can contribute effectively to the board[191]. - The board of directors meets at least four times a year to discuss overall strategy and financial performance[196]. - The company has established three committees under the board to ensure proper oversight and high standards of corporate governance[199]. - The remuneration committee consists of two independent non-executive directors and one executive director, with the board retaining final approval on any remuneration proposals[200]. Shareholder Information and Stock Options - The company has granted participants rights to subscribe for a total of 92,410,000 shares, unchanged from 2023[72]. - The company sold its 49% stake in Japan Power for JPY 10,000 (equivalent to HKD 500) as part of its strategic decisions[81]. - The 2013 share option plan allows for the issuance of 89,010,000 shares, representing 9.59% of the company's issued shares[123]. - The company adopted a new stock option plan on August 29, 2023, which will be effective for 10 years from the adoption date[126]. - The total number of stock options available for grant under the 2023 stock option plan as of March 31, 2024, is 92,796,789 shares, which does not exceed 10% of the issued share capital[128]. - The maximum number of shares that can be granted to a single participant within any 12-month period under the 2023 stock option plan is limited to 1% of the issued shares[129]. - The company has a total of 235,000,000 stock options granted to 12 employees under the 2022 plan, with 23,500,000 options available for exercise[125]. - The company’s stock option plan aims to incentivize and reward eligible participants contributing to the group's success[128]. Financial Position and Liquidity - The company had unrestricted cash and bank balances of approximately HKD 13,900,000 as of March 31, 2024, up from HKD 1,400,000 in 2023[73]. - Other payables and accrued liabilities rose sharply by 126.88% to HKD 66,700,000 as of March 31, 2024, compared to HKD 29,400,000 in 2023[72]. - The company is closely monitoring government policies and subsidies related to electric vehicle development and sales, which may impact product pricing and receivables[95]. - The company reported a 5.3% depreciation of the RMB against the HKD during the fiscal year, which adversely affected financial performance when converted for reporting purposes[93]. - The company maintains a credit risk concentration of 51% with its largest customer, down from 55% in the previous year, indicating improved diversification[95]. - The company reported a total of HKD 87,109,000 in retained earnings available for distribution as of March 31, 2024, unchanged from the previous year[107].

Financial Performance - Revenue for the year ended March 31, 2024, was HKD 42,239,000, an increase of 16.5% from HKD 36,347,000 in 2023[3] - Gross profit for the same period was HKD 2,701,000, compared to a gross loss of HKD 633,000 in 2023[3] - The company reported a net loss of HKD 326,829,000 for the year, significantly higher than the loss of HKD 81,391,000 in 2023[4] - Basic and diluted loss per share was HKD 0.34, compared to HKD 0.09 in the previous year, indicating a worsening of financial performance[4] - The group reported a loss of approximately HKD 326,800,000 for the year, compared to a loss of approximately HKD 81,400,000 in the previous year, marking an increase in losses of over 300%[71] - The loss attributable to the company's owners was approximately HKD 319,300,000, with a basic and diluted loss per share of HKD 0.34, compared to HKD 0.09 in 2023[71] Assets and Liabilities - Total assets decreased to HKD 1,351,168,000 from HKD 1,709,870,000 in the previous year, reflecting a decline of approximately 21%[6] - Current liabilities increased to HKD 128,490,000 from HKD 76,343,000, representing a rise of about 68%[8] - The company’s equity decreased to HKD 1,216,299,000 from HKD 1,618,316,000, a decline of approximately 25%[8] - Total liabilities increased to HKD 134,869,000 in 2024 from HKD 91,554,000 in 2023, reflecting a rise of about 47%[21] - As of March 31, 2024, the group's net asset value was approximately HKD 1,216,300,000, down from HKD 1,618,300,000 in 2023, with a debt-to-asset ratio of 2.33% compared to 1.59% in 2023[128] Impairment and Asset Write-downs - The impairment of mineral assets was HKD 170,631,000, up from HKD 96,364,000 in 2023, indicating a significant increase in asset write-downs[3] - The impairment loss on mining assets was HKD (170,631,000), compared to HKD (96,364,000) in the previous year, showing a substantial increase in impairment losses[20] - The impairment loss on mineral assets rose to HKD 170,631,000 in 2024 from HKD 96,364,000 in 2023, indicating a substantial increase in asset impairment[31] - The fair value of mineral assets decreased from approximately HKD 1,380 million to HKD 1,139 million, primarily due to impairment losses of approximately HKD 170.6 million[104] Revenue Segments - The group reported revenue from external customers of HKD 42,239,000 for electric vehicle development and sales, an increase from HKD 36,347,000 in the previous year, representing a growth of approximately 16.5%[20] - The reported segment revenue increased to HKD 42,239,000 in 2024 from HKD 36,347,000 in 2023, representing a growth of 5.2%[21] - The group generated approximately HKD 42,200,000 in revenue from electric vehicle sales, an increase of 16.2% compared to HKD 36,300,000 in the previous year[118] Operational Developments - The company is primarily engaged in the development and sale of electric vehicles, mining, and trading of metals and minerals[9] - The group has established a production base in Chongqing through its subsidiary, Chongqing Sui Tong New Energy Vehicle Manufacturing Co., Ltd., focusing on manufacturing electric buses and their entire power battery and control systems[74] - The group has successfully obtained a contract to supply the first electric mobile command vehicle (EMCU) to the Hong Kong Fire Services Department, equipped with a powerful 350 kW electric motor and a battery capacity of 422 kWh[77] - The group plans to deliver no less than 500 units of the COMET city bus to the Philippines, with over 60 units already in operation as of the report date[79] Cash Flow and Liquidity - Cash and bank balances rose to HKD 13,901,000 from HKD 1,429,000, showing a substantial improvement in liquidity[6] - The group’s cash and bank balances as of March 31, 2024, were approximately HKD 13,900,000, significantly up from HKD 1,400,000 in 2023, with 80.3% denominated in RMB[130] Shareholder Information - The company did not recommend or declare any dividends for the years ended March 31, 2024, and March 31, 2023[32] - The group has not established any foreign exchange forward contracts for hedging purposes against RMB fluctuations, considering the foreign exchange risk to be low[132] - The group completed a share consolidation on October 13, 2023, reducing the number of issued shares from 50 billion to 5 billion, increasing the par value from HKD 0.01 to HKD 0.1 per share[54] Legal and Regulatory Matters - The group is currently involved in arbitration regarding a claim of approximately RMB 2,500,000 related to a construction and exploration contract[111] - The group has received a court order to pay RMB 900,000 plus interest to a contractor, with the mining rights frozen for three years[112] - The group has filed an appeal with the Supreme People's Court regarding a ruling to pay RMB 21,700,000 in unpaid capital to a plaintiff[114] Future Outlook - The group anticipates rapid growth in its electric bus and vehicle business, contributing significantly to overall revenue as it diversifies into overseas markets[133] - The group is exploring market opportunities in Thailand and Singapore for promoting new energy products and solutions[79] - The group believes that its new energy business will become a key growth factor in the near future[85]

智通财经APP讯，科轩动力控股(00476)发布公告，于2024年3月12日，公司与 S.C.I SATO EV(贷款人)订立贷款协议，提供 59.43万 欧元(相当于约 508.2万 港元)的贷款，自贷款日期起计为期三个月。 尽管公司持续透过要求客户在开始任何采购订单生产前支付订金来保障其营运资金，由于谨慎的经济气氛及当前的高利率环境，集团的客户已推迟采购订单以维持营运资金，从而对集团营运资金造成压力。其中，于2024年1月31日，集团现金及现金等值结存约为 211.7万 港元。 然而，由于近期投资气氛不佳，公司在寻求以补充营运资金的融资机会遇到困难。因此，公司认为贷款可为集团提供短期营运资金以维持营运，同时继续磋商及敲定任何集资机会。贷款所得款项总额拟用作公司的一般营运资金。 ...