一批AI算力概念股悄然走强。 AI算力龙头创历史新高 6月5日，AI算力概念股胜宏科技（300476）大幅上涨，盘中股价最高涨至103.97元/股，首次突破百元大关，创下历史新高，收盘时股价为101.01元/股。 胜宏科技主要从事高密度印制线路板的研发、生产和销售，产品覆盖刚性电路板（多层板和HDI为核心）、柔性电路板（单双面板、多层板、刚挠结合 板）全系列。在人工智能、数据中心、智能汽车等PCB（印刷电路板）下游应用领域持续推动下，全球PCB需求总体呈增长态势。 机构看好多只AI算力龙头股 AI算力曾是2024年以来的最大热门题材之一，诞生多只牛股。截至6月5日收盘，AI算力股合计A股市值2.76万亿元，相比2023年底市值增长超1万亿元。 目前共5股A股市值达千亿元以上，分别是工业富联、海光信息、寒武纪-U、中兴通讯、中际旭创。 得益于下游行业的高度景气，胜宏科技2024年经营业绩迈上新台阶，全年营业总收入突破百亿元，净利润达到11.54亿元，均创历史新高。2025年一季 度，公司实现营业总收入43.12亿元，同比增长80.31%；实现净利润9.21亿元，同比增长339.22%。公司在一季报中提到，业绩高 ...

于2025年5月27日，集团收到重庆仲裁委员会于2025年5月16日作出的重庆仲裁裁决书，重庆仲裁委员会 裁定: (1)出售协议于2024年9月12日有效终止; 拟出售资产为目标公司附属公司重庆穗通新能源汽车制造有限公司("穗通")所持有的特定无形资产(包括 改装客车企业状态)，而目标集团所有其他主要资产及负债须于处置事项完成前透过重组保留于集团 内。 作为出售协议的先决条件之一，集团须完成穗通若干资产及负债重组。据此，自订立出售协议以来，集 团已根据该协议完成若干重组步骤。 买方已向卖方支付合共约人民币2490万元，并向穗通(目标公司附属公司之一)支付合共约人民币910万 元。买方认为其透过上述合共人民币3400万元付款已履行出售协议的代价支付义务，惟本集团认为其中 约人民币410万元应支付予卖方或本公司其他附属公司(非目标集团成员)。 儘管本集团敦促买方按照出售协议条款履行义务，因本集团与买方就执行过程产生一系列分歧，双方关 係恶化且出售事项未能完成。 于2024年8月21日，买方向重庆仲裁委员会对集团提呈重庆仲裁，要求退还代价人民币3400万万元，另 加罚款人民币680万元及赔偿约人民币4000万万元。 ...

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]

目 錄 | | 頁 次 | | --- | --- | | 公司資料 | 2 | | 主席報告 | 3-4 | | 管理層討論與分析 | 5-21 | | 董事會報告書 | 22-46 | | 企業管治報告 | 47-64 | | 獨立核數師報告 | 65-71 | | 經審核綜合財務報表 | | | 綜合損益及其他全面收益表 | 72-73 | | 綜合財務狀況表 | 74-75 | | 綜合權益變動表 | 76 | | 綜合現金流量表 | 77-78 | | 綜合財務報表附註 | 79-178 | 1 科軒動力（控股）有限公司 二零二四年年報 公司資料 董 事 執行董事 張韌先生 （主席） Miguel Valldecabres Polop先 生 （行政總裁） 陳凱盈小姐 獨立非執行董事 陳炳權先生 李國樑先生 拿督陳于文 註冊辦事處 審核委員會 陳炳權先生 李國樑先生 拿督陳于文 核數師 香港立信德豪會計師事務所有限公司 執業會計師 註冊公眾利益實體核數師 香 港 干諾道中111號 永安中心25樓 香港法律顧問 高蓋茨律師事務所 香 港 皇后大道中15號 置地廣場 公爵大廈44樓 香港股份過戶登記分處 ...

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。 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 四 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 截至二零二四年三月三十一日止年度 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） 截至二零二四年三月三十一日止年度之全年業績公告 | | | | | | | | 二零二四年 | 二零二三年 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | 附 註 | 千港元 | 千港元 | | 收 益 | | | | ...

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。 ...

目 錄 | 公司資料 | 2 | | --- | --- | | 管理層討論與分析 | 3-23 | | 簡明中期財務報表 | | | 簡明綜合損益及其他全面收益表 | 24-25 | | 簡明綜合財務狀況表 | 26-27 | | 簡明綜合權益變動表 | 28 | | 簡明綜合現金流量表 | 29-31 | | 簡明綜合中期財務報表附註 | 32-58 | 1 科軒動力（控股）有限公司 中期報告 2023/24 公司資料 董 事 執行董事 張韌先生 （主席） Miguel Valldecabres Polop先 生 （行政總裁) 陳凱盈小姐 獨立非執行董事 陳炳權先生 李國樑先生 拿督陳于文 審核委員會 陳炳權先生 李國樑先生 拿督陳于文 核數師 香港立信德豪會計師事務所有限公司 執業會計師 註冊公眾利益實體核數師 香 港 干諾道中111號 永安中心25樓 香港法律顧問 高蓋茨律師事務所 香 港 皇后大道中15號 置地廣場 公爵大廈44樓 香港灣仔 駱克道333號 亞洲聯合財務中心46樓 註冊辦事處 總辦事處及主要營業地點 Clarendon House 2 Church Street Hamilton H ...

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） 截至二零二三年九月三十日止 六個月之中期業績公告 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」）截至二零二三年九月三十日止六個月之未經審核綜合中期業績。 簡明綜合損益及其他全面收益表 截至二零二三年九月三十日止六個月 截至九月三十日止六個月 二零二三年 二零二二年 （未經審核） （未經審核） 附註 千港元 千港元 收益 6 35,567 781 銷售成本 (30,497) (527) ...

Financial Performance - The group recorded revenue from electric vehicle sales of approximately HKD 36.3 million for the year ending March 31, 2023, down from HKD 49.9 million in 2022, with a gross loss of approximately HKD 600,000[6]. - The gross profit for the year was approximately HKD 4.2 million, resulting in a gross margin of 11.5%, an increase from 9.6% in the previous year[6]. - The group reported a loss of approximately HKD 81.4 million, significantly reduced from a loss of HKD 415.1 million in the previous year, primarily due to a decrease in non-cash impairment losses[7]. - Basic and diluted loss per share for the year was HKD 0.01, compared to HKD 0.05 in the previous year[7]. - The company does not recommend the payment of any dividend for the year ending March 31, 2023[8]. - The group generated approximately HKD 36,300,000 in revenue from vehicle sales, a decrease of 27.2% compared to HKD 49,900,000 in the previous year[66]. - The loss attributable to owners of the company was HKD (81,200,000), compared to a loss of HKD (408,300,000) in the previous year, indicating a significant improvement[103]. - The pre-tax loss for 2023 was HKD 81,518,000, significantly improved from a loss of HKD 418,709,000 in 2022[113]. - The group confirmed an expected credit loss provision of approximately HKD 14,100,000 related to overdue receivables[74]. - The group’s performance may be impacted by currency fluctuations, with the RMB depreciating approximately 7.3% against the HKD during the year[104]. Business Expansion and Market Opportunities - The group is optimistic about the growth of its electric bus and vehicle business, anticipating significant contributions to overall revenue from overseas markets[11]. - The company is expanding its sales network to multiple overseas markets, including a new order for a 12-meter electric bus in Hong Kong[15]. - The group has begun selling fully electric 65-seat buses in Hong Kong, with two units already delivered and ready for sale[16]. - The company believes it holds a strong competitive advantage in the Hong Kong market, with its bus model being one of the few approved types, targeting a market of over 7,000 vehicles[16]. - The company has launched the all-electric 19-seat low-floor minibus "APEX-MINI," which has received widespread positive recognition from various operational sectors, with a total market size exceeding 4,000 units in Hong Kong[17]. - The company has received substantial orders for the "COMET" electric buses in the Philippines, with plans to deliver no less than 500 units, of which 65 have been delivered as of the report date, and an additional 200 units are expected to be completed by the end of 2023[21]. - The company has successfully completed orders for the "COMET" in India, contributing to the current year's performance, and will continue to explore market opportunities in Asia[22]. - The company has received an order for 1,000 electric chassis from a major baking company in Mexico, with partial deliveries completed in Q1 2023, and further deliveries planned for early 2024[23]. - The company recorded approximately 70% of last year's total sales revenue in just the first quarter of 2023, indicating strong recovery in export market demand[27]. - The company is utilizing its existing production facility in Wulong District, Chongqing, which has sufficient capacity to meet the increasing overseas order volume[28]. - The company is exploring investment opportunities to expand its electric vehicle production capacity when necessary and appropriate[33]. Mineral Resources and Impairment - The calcium sulfate mine in Guangxi has not commenced mining operations due to unresolved land use rights issues[35]. - As of March 31, 2023, the total mineral resources at the Guangxi calcium sulfate mine are estimated at 1,346,000 tons, with a sodium sulfate grade of 17.53%[36]. - The estimated price per ton of sodium sulfate for the fiscal year 2023 is RMB 825, compared to RMB 771 for the fiscal year 2022[44]. - The fair value of mineral assets decreased from approximately HKD 1,595 million to HKD 1,380 million, mainly due to impairment losses and currency depreciation[54]. - Impairment losses amounted to approximately HKD 96.4 million, a decrease from HKD 301.8 million in the previous year, indicating a non-cash item that will not affect cash flow[54]. - The impairment loss on mineral assets was recognized at RMB 84,600,000, reflecting a decrease in fair value due to an increase in the discount rate to 25.67%[73]. - The company is actively monitoring land use rights issues in Guangxi, with costs incurred for land use rights and road construction totaling approximately RMB 26 million[56]. - The company reached a settlement with Guangxi contractor regarding a prepayment of RMB 1.7 million, concluding legal disputes[58]. Shareholder and Corporate Governance - The company has established significant shareholder relationships, with major shareholders holding over 5% of the issued share capital[169]. - Zhang Ren holds 771,324,959 shares, representing approximately 8.31% of the company[163]. - Faith Profit Holding Limited, fully owned by Zhang Ren, holds 222,586,400 shares, accounting for about 2.40%[169]. - Entrust Limited, controlled by multiple shareholders including Chen Tuoyu, holds 982,727,510 shares, which is approximately 10.59%[169]. - The total number of shares held by Zhang Ren includes 536,038,559 shares directly owned and 12,700,000 shares from stock options[173]. - The board of directors includes experienced members, such as Miguel Valldecabres Polop, who has extensive experience in finance and management[175]. - The independent non-executive director, Mr. Chan Ping Kwan, has had his term extended for two more years until June 30, 2025, with an annual director's fee of HKD 100,000[185]. - The company has maintained sufficient public float as required by listing rules during the reporting period[189]. - The consolidated financial statements have been audited by Hong Kong Lixin Dehao CPA Limited, which will be proposed for reappointment at the upcoming annual general meeting[191]. - 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[199]. Cost Management and Efficiency - Administrative expenses decreased by 13.5% to approximately HKD 88,200,000 from HKD 102,000,000 in the previous year[71]. - Research and development expenses significantly reduced by 96.3% to approximately HKD 300,000 from HKD 8,100,000 in the previous year[72]. - The group plans to implement a cost optimization program to ensure maximum efficiency[87]. Environmental Responsibility - The group emphasizes environmental responsibility and is committed to minimizing the adverse effects of its operations through effective energy-saving measures[106].