CHINA HIGH PRECISION AUTOMATION GROUP LIMITED 中國高精密自動化集團有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock Code: 591) （股份代號：591） NOTIFICATION LETTER 通知信函 24 October 2025 Dear Registered Shareholders. China High Precision Automation Group Limited (the "Company") — Notice of publication of 2024/2025 Annual Report, Circular, Notice of Annual General Meeting and Proxy Form (the "Current Corporate Communication") on website The English and Chinese versions of the Company's C ...

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，概不對因本通告全部或任何 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。 CHINA HIGH PRECISION AUTOMATION GROUP LIMITED 中國高精密自動化集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：591） 股東週年大會通告 茲通告中國高精密自動化集團有限公司（「本公司」）謹訂於二零二五年十二月十一日 （星期四）上午十時假座中國福建省福州市馬尾區江濱東大道86號福州名城酒店3樓 塞芳拿廳舉行股東週年大會（「股東週年大會」），藉以討論下列事項： 普通決議案 – 1 – 1. 省覽及批准本公司截至二零二五年六月三十日止年度的經審核綜合財務報表、 本公司董事（「董事」）報告書及本公司獨立核數師報告。 2. (A) 重選以下退任董事： (i) 鄒崇先生為執行董事； (ii) 蘇方中先生為執行董事； (iii) 胡國清博士為獨立非執行董事（彼已於本公司任職超過九年）；及 (iv) 陳玉曉先生為獨立非執行董事（彼已於本公司任職超過九年）。 (B ...

CHINA HIGH PRECISION AUTOMATION GROUP LIMITED 中國高精密自動化集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：591） 於二零二五年十二月十一日舉行之股東週年大會（或其任何續會） 適用之代表委任表格 本人╱吾等 （附註1） （附註6） 附註： 1. 請以正楷填上全名及地址。 地址為 乃中國高精密自動化集團有限公司（「本公司」）股本中每股面值0.10港元股份 （附註2） 股的登記 持有人，茲委任 （附註3） 大會主席或 地址為 為本人╱吾等之代表，代表本人╱吾等出席本公司將於二零二五年十二月十一日（星期四）上午十時假座中國福建省福州市馬尾 區江濱東大道86號福州名城酒店3樓塞芳拿廳舉行的股東週年大會（「股東週年大會」）（或其任何續會），以便省覽並酌情通過 （無論有否修訂）股東週年大會通告所載的各項決議案，並於股東週年大會（或其任何續會）上，按下列指示代表本人╱吾等投票 表決。如未有作出任何指示，則本人╱吾等之代表可自行酌情投票。 | | | （附註4） 普通決議案 | （附註5） 贊成 | （附註5） 反對 | | --- | --- | --- | - ...

此 乃 要 件 請 即 處 理 閣下如對本通函任何方面或應採取之行動有任何疑問，應諮詢 閣下之持牌證券交易商或其他註冊 證券機構、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中國高精密自動化集團有限公司之股份，應立即將本通函連同隨附之 代表委任表格送交買主或承讓人或經手買賣或轉讓之銀行、持牌證券交易商或其他註冊證券機構或 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分內容而產生或因依賴該等內 容而引致之任何損失承擔任何責任。 CHINA HIGH PRECISION AUTOMATION GROUP LIMITED 中國高精密自動化集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：591） 建議重選董事 及 購回股份及發行股份之一般授權 及 股東週年大會通告 釋 義 在本通函內，除文義另有所指外，本文所用下列詞彙具有下列涵義： 「股東週年大會」 指 本公司訂於二零二五年十二月十一日（星期四）上午十時假座 中國福建省福州市馬尾區江濱東大道 ...

目 錄 財務摘要 2 公司資料 3 主席報告 4 管理層討論與分析 5 董事及高級管理人員履歷 11 企業管治報告 14 環境、社會及管治報告 27 董事報告書 42 獨立核數師報告 52 綜合損益表 57 綜合損益及其他全面收益表 58 綜合財務狀況表 59 綜合權益變動表 61 綜合現金流量表 62 綜合財務報表附註 63 財務概要 138 年度報告 ANNUAL REPORT Annual Report 2024/2025 年報 財務摘要 | | 二零二五年 | 二零二四年 | 升幅╱（降幅） | | --- | --- | --- | --- | | | 人民幣千元 | 人民幣千元 | % | | 收入 | 193,546 | 139,203 | 39.0 | | 經營溢利╱（虧損） | 17,592 | (33,236) | (152.9) | | 本公司擁有人應佔溢利╱（虧損） | 17,445 | (32,735) | (153.3) | | 每股盈利╱（虧損）（人民幣分） | | | | | — 基本 | 人民幣1.68分 | 人民幣(3.16)分 | (153.2) | | — 攤薄 | 人 ...

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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國高精密自動化集團有限公司 呈交日期: 2025年10月3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) | 00591 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 | 本月底法定/註冊股本總額： HKD ...

格隆汇9月30日丨中国高精密(00591.HK)公布年度业绩，截至2025年6月30日止年度，公司收入为人民币 1.93亿元，同比增长39.04%；公司拥有人应占年度溢利为人民币1744.5万元，去年同期亏损为人民币 3273.5万元，基本每股盈利为人民币1.68分。 公告称，营收上升主要是由于自动化仪表及技术产品及钟表的销售额；以及自动化仪器及技术产品受托 代加工服务增加所致。尽管集团的收益正呈现复苏迹象，经济增长停滞继续为工业自动化仪表带来多元 化的挑战。 ...

公告称，收入上升主要是由于自动化仪表及技术产品及钟表的销售额;以及自动化仪器及技术产品受托 代加工服务增加所致。尽管本集团的收益正呈现复苏迹象，经济增长停滞继续为工业自动化仪表带来多 元化的挑战。 智通财经APP讯，中国高精密(00591)发布截至2025年6月30日止年度业绩，该集团取得收入1.94亿元， 同比增加39%;公司拥有人应占溢利1744.5万元，去年同期则取得亏损3273.5万元;每股盈利1.68分。 ...

[Summary](index=1&type=section&id=%E6%91%98%E8%A6%81) Key financial highlights for fiscal year 2025, showing significant revenue growth and a turnaround from loss to profit for the company and its owners 2025 Fiscal Year Key Financial Summary | Indicator | 2025 (RMB thousands) | 2024 (RMB thousands) | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | Increase 39.0% | - | Growth | | Operating Profit/(Loss) | 17,592 | (33,236) | Turnaround (Decrease 152.9%) | | Net Profit/(Loss) Attributable to Owners of the Company | 17,445 | (32,735) | Turnaround (Decrease 153.3%) | | Basic and Diluted Earnings Per Share | 1.68 cents | (3.16) cents | Turnaround | [Financial Statements](index=2&type=section&id=%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8) This section presents the company's consolidated financial statements, including the income statement, statement of comprehensive income, and statement of financial position [Consolidated Statement of Profit or Loss](index=2&type=section&id=%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E8%A1%A8) For the year ended June 30, 2025, the company achieved significant revenue growth, substantial gross profit increase, turned operating loss into profit, and realized annual profit attributable to owners Consolidated Statement of Profit or Loss Key Data | Indicator | 2025 (RMB thousands) | 2024 (RMB thousands) | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | 193,546 | 139,203 | +39.0% | | Cost of sales and services | (128,077) | (104,177) | +22.9% | | Gross Profit | 65,469 | 35,026 | +86.9% | | Operating Profit/(Loss) | 17,592 | (33,236) | Turnaround | | Profit/(Loss) for the year attributable to owners of the Company | 17,445 | (32,735) | Turnaround | | Basic Earnings/(Loss) Per Share | 1.68 cents | (3.16) cents | Turnaround | [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=3&type=section&id=%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) For the year ended June 30, 2025, the company achieved annual profit, with total comprehensive income influenced by exchange differences, resulting in a positive overall comprehensive income Consolidated Statement of Profit or Loss and Other Comprehensive Income Key Data | Indicator | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Profit/(Loss) for the year | 17,445 | (32,735) | | Exchange differences on translation | (16,908) | 5,089 | | Fair value changes of financial assets at fair value through other comprehensive income | 253 | 2,742 | | Exchange differences arising on translation of overseas operations | 16,718 | (5,000) | | Total comprehensive income/(expense) for the year attributable to owners of the Company | 17,508 | (29,904) | [Consolidated Statement of Financial Position](index=4&type=section&id=%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) As of June 30, 2025, the company maintained a stable asset structure, with a slight decrease in non-current assets, an increase in both current assets and liabilities, and growth in net current assets and total equity Consolidated Statement of Financial Position Key Data | Indicator | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Non-current assets | 250,436 | 273,970 | | Current assets | 1,553,680 | 1,506,548 | | Current liabilities | 77,732 | 71,514 | | Net current assets | 1,475,948 | 1,435,034 | | Total assets less current liabilities | 1,726,384 | 1,709,004 | | Net assets | 1,708,309 | 1,690,688 | | Share capital | 91,360 | 91,360 | | Reserves | 1,616,949 | 1,599,328 | | Total equity | 1,708,309 | 1,690,688 | [Notes to the Consolidated Financial Statements](index=6&type=section&id=%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8%E9%99%84%E8%A8%BB) This section provides detailed notes explaining the accounting policies, significant judgments, and estimates used in preparing the consolidated financial statements [General Information](index=6&type=section&id=1%20%E4%B8%80%E8%88%AC%E8%B3%87%E6%96%99) The company is a Cayman Islands-registered investment holding company primarily engaged in manufacturing and selling high-precision industrial automation instruments and technical products in China, providing entrusted processing services, and manufacturing and selling multi-functional all-plastic quartz watch movements, with financial statements presented in RMB - The company's principal activities include manufacturing and selling high-precision industrial automation instruments and technical products, providing entrusted processing services, and manufacturing and selling multi-functional all-plastic quartz watch movements[8](index=8&type=chunk) - The Group's consolidated financial statements are presented in RMB, as its principal subsidiaries operate in China[8](index=8&type=chunk) [Application of Amendments to Hong Kong Financial Reporting Standards](index=6&type=section&id=2%20%E6%87%89%E7%94%A8%E9%A6%99%E6%B8%AF%E8%B2%A1%E5%8B%99%E5%A0%B1%E5%91%8A%E6%BA%96%E5%89%87%E6%9C%83%E8%A8%88%E6%BA%96%E5%89%87%E4%BF%AE%E8%A8%82%E6%9C%AC) The Group has adopted several HKFRS amendments effective this year, and new standards issued but not yet effective are disclosed, with HKFRS 18 expected to significantly impact future financial statement presentation and disclosure - The Group has initially applied several amendments to Hong Kong Financial Reporting Standards that are mandatorily effective for the annual period beginning on July 1, 2024, with no significant impact on the financial position and performance for the current year[10](index=10&type=chunk)[11](index=11&type=chunk) - HKFRS 18 "Presentation and Disclosure in Financial Statements" will be effective for annual periods beginning on or after January 1, 2027, and is expected to impact the presentation of the consolidated statement of profit or loss, consolidated statement of profit or loss and other comprehensive income, and disclosures in future consolidated financial statements[13](index=13&type=chunk)[14](index=14&type=chunk) [Revenue](index=8&type=section&id=3%20%E6%94%B6%E5%85%A5) For the year ended June 30, 2025, the Group's revenue primarily derived from the sale of automation instruments and technical products, and related entrusted processing services, showing significant year-on-year growth, predominantly from China Revenue Classification | Type of Goods and Services | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Sales of automation instruments and technical products | 181,427 | 135,689 | | Entrusted processing services related to automation instruments and technical products | 12,119 | 3,392 | | Sales of watch instruments | — | 122 | | **Total Revenue** | **193,546** | **139,203** | - All revenue from customer contracts is recognized at a point in time and primarily generated in China[15](index=15&type=chunk) [Segment Reporting](index=8&type=section&id=4%20%E5%88%86%E9%83%A8%E5%A0%B1%E5%91%8A) The Group primarily operates in two segments: automation instruments and technical products, and watch instruments. In 2025, the automation instruments and technical products segment saw significant growth in both revenue and profit, while the watch instruments segment, despite no sales, achieved a profit. The Group's revenue is mainly from China Reportable Segment Revenue and Profit/(Loss) | Segment | 2025 Revenue (RMB thousands) | 2024 Revenue (RMB thousands) | 2025 Profit/(Loss) (RMB thousands) | 2024 Profit/(Loss) (RMB thousands) | | :--- | :--- | :--- | :--- | :--- | | Automation instruments and technical products | 193,546 | 139,081 | 18,189 | (14,009) | | Watch instruments | — | 122 | 3,798 | (6,023) | | **Total** | **193,546** | **139,203** | **21,987** | **(20,032)** | - The Group's revenue from external customers primarily originated from China (excluding Hong Kong), **RMB 193,467 thousand** in 2025 and **RMB 138,776 thousand** in 2024[20](index=20&type=chunk) [Finance Costs](index=10&type=section&id=5%20%E8%B2%A1%E5%8B%99%E6%88%90%E6%9C%AC) The Group's finance costs primarily consist of interest on lease liabilities, which decreased this year compared to last year Finance Costs | Indicator | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Interest on lease liabilities | 20 | 32 | [Profit/(Loss) Before Tax](index=11&type=section&id=6%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) Profit before tax was primarily influenced by depreciation, R&D expenses, auditor's remuneration, cost of sales, investment property rental income, and a reversal of impairment loss on trade and other receivables, with trade receivables impairment shifting from a loss to a reversal this year Major Items Affecting Profit/(Loss) Before Tax | Item | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Depreciation of property, plant and equipment | 23,560 | 22,701 | | Research and development expenses | 6,293 | 7,878 | | Auditor's remuneration | 2,038 | 2,030 | | Cost of sales and services | 128,077 | 104,177 | | Total rental income from investment properties | (411) | (3) | | Reversal of impairment loss on trade and other receivables / (Impairment loss) net | (4,223) | 289 | [Income Tax Expense/(Credit)](index=12&type=section&id=7%20%E6%89%80%E5%BE%97%E7%A8%85%E9%96%8B%E6%94%AF%EF%BC%8F%EF%BC%88%E6%8A%B5%E5%85%8D%EF%BC%89) The Group's income tax expense this year primarily comprised deferred tax, with no assessable profit in Hong Kong and tax exemption in the Cayman Islands. Fujian Shangrun, a Chinese subsidiary, enjoys a 15% preferential tax rate as a high-tech enterprise but made no provision for Chinese tax this year due to tax loss absorption Income Tax Expense/(Credit) | Indicator | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Current tax — China | — | — | | Deferred tax | 127 | (533) | | **Total** | **127** | **(533)** | - There was no assessable profit in Hong Kong, and the Cayman Islands are exempt from income tax[24](index=24&type=chunk)[25](index=25&type=chunk) - Fujian Shangrun, a Chinese subsidiary, enjoys a **15% preferential income tax rate** as a high-tech enterprise but made no provision for Chinese tax this year due to tax loss absorption[25](index=25&type=chunk) [Dividends](index=13&type=section&id=8%20%E8%82%A1%E6%81%AF) For the years ended June 30, 2025 and 2024, the company neither paid nor proposed any dividends to ordinary shareholders - During and after the reporting period, the company neither paid nor proposed any dividends[26](index=26&type=chunk) [Earnings/(Loss) Per Share](index=13&type=section&id=9%20%E6%AF%8F%E8%82%A1%E7%9B%88%E5%88%A9%EF%BC%8F%EF%BC%88%E虧%E6%90%8D%EF%BC%89) For the year ended June 30, 2025, the company achieved basic and diluted earnings per share of RMB 1.68 cents, a significant improvement from a loss of RMB 3.16 cents per share in the prior year Earnings/(Loss) Per Share | Indicator | 2025 (RMB cents) | 2024 (RMB cents) | | :--- | :--- | :--- | | Basic earnings/(loss) per share | 1.68 | (3.16) | | Diluted earnings/(loss) per share | 1.68 | (3.16) | - For the year ended June 30, 2025, the exercise of share options was not assumed in the calculation of diluted earnings per share as they were out-of-the-money and had an anti-dilutive effect[28](index=28&type=chunk) [Trade and Other Receivables](index=14&type=section&id=10%20%E8%B2%BF%E6%98%93%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85) As of June 30, 2025, total trade and other receivables increased, with trade receivables net of impairment allowance amounting to RMB 77,695 thousand, and a typical credit period of 120 to 180 days Aging Analysis of Trade and Other Receivables | Aging | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | 0 to 60 days | 31,130 | 28,619 | | 61 to 120 days | 24,755 | 23,689 | | 121 to 180 days | 21,810 | 17,178 | | **Total** | **77,695** | **69,486** | - The Group generally grants credit periods of **120 to 180 days** to customers, without charging interest or requiring collateral[29](index=29&type=chunk) [Trade and Other Payables](index=14&type=section&id=11%20%E8%B2%BF%E6%98%93%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E4%BB%98%E6%AC%BE%E9%A0%85) As of June 30, 2025, total trade and other payables increased, with trade payables amounting to RMB 19,452 thousand Aging Analysis of Trade and Other Payables | Aging | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | 0 to 30 days | 9,299 | 7,785 | | 31 to 90 days | 9,273 | 6,241 | | 91 to 180 days | 220 | 110 | | Over 180 days | 660 | 599 | | **Total** | **19,452** | **14,735** | [Management Discussion and Analysis](index=15&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 Group's performance, financial position, and future outlook, including market review, segment information, and financial resources [Market and Business Review](index=15&type=section&id=%E5%B8%82%E5%A0%B4%E8%88%87%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7) Despite macroeconomic adjustments and intensified market competition, the Group successfully turned losses into profit, recording a profit attributable to owners of RMB 17,445 thousand, by focusing on high-precision industrial automation instruments and technical products and promoting domestic substitution - The Group's principal business is the research, development, production, and sale of automation instruments and meters, facing adjustment pressures due to macroeconomic conditions and market competition[31](index=31&type=chunk) - The Group maintained stable development by leveraging its product line advantages and vigorously promoting domestic substitution of its main products in downstream sectors[31](index=31&type=chunk) - Profit attributable to owners of the company for the current year was approximately **RMB 17,445 thousand**, compared to a loss of **RMB 32,735 thousand** in the prior year, primarily due to increased sales of automation instruments and technical products and entrusted processing services[31](index=31&type=chunk) [Segment Information](index=15&type=section&id=%E5%88%86%E9%83%A8%E8%B3%87%E6%96%99) The Group's main business segments are automation instruments and technical products and watch instruments. The automation instruments and technical products segment saw significant growth in both revenue and profit, while the watch instruments segment, despite no sales, achieved profit through impairment allowance reversal - The Group has two business segments: automation instruments and technical products, and watch instruments[32](index=32&type=chunk) [Automation Instruments and Technical Products](index=15&type=section&id=%E8%87%AA%E5%8B%95%E5%8C%96%E5%84%80%E9%8C%B6%E5%8F%8A%E6%8A%80%E8%A1%93%E7%94%A2%E5%93%81) This year, the automation instruments and technical products segment generated revenue of RMB 193,546 thousand, accounting for 100% of the Group's total revenue, and successfully turned last year's loss into a reportable segment profit of RMB 18,189 thousand, primarily due to increased sales and entrusted processing services Automation Instruments and Technical Products Segment Performance | Indicator | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Revenue | 193,546 | 139,081 | | Percentage of Group's total revenue | 100.0% | 99.9% | | Reportable segment profit/(loss) | 18,189 | (14,009) | - Segment profit was primarily attributable to increased sales of automation instruments, technical products, and watch instruments, as well as entrusted processing services related to automation instruments and technical products[32](index=32&type=chunk) [Watch Instruments](index=16&type=section&id=%E9%90%98%E9%8C%B6%E5%84%80%E9%8C%B6) This year, the watch instruments segment had no sales revenue but achieved a reportable segment profit of RMB 3,798 thousand, reversing last year's loss, by recognizing a reversal of impairment allowance for trade receivables of approximately RMB 3,795 thousand Watch Instruments Segment Performance | Indicator | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Sales revenue | — | 122 | | Percentage of Group's total revenue | 0.0% | 0.1% | | Reportable segment profit/(loss) | 3,798 | (6,023) | - Segment profit was primarily due to the recognition of a reversal of impairment allowance for trade receivables of approximately **RMB 3,795 thousand**[33](index=33&type=chunk) [Production Facilities](index=16&type=section&id=%E7%94%A2%E7%94%9F%E8%A8%AD%E6%96%BD) The Group owns large production facilities in Fuzhou, China, with a total site area of approximately 47,665 square meters. There were no significant expansion plans this year, and future development will remain prudent - The Group owns large production facilities in Mawei Science and Technology Park and Fuzhou Economic and Technological Development Zone, Fuzhou, China, with a total site area of approximately **47,665 square meters**[34](index=34&type=chunk) - There were no significant expansion plans for the current year, and the Board will prudently proceed with future development plans[34](index=34&type=chunk) [Business Outlook](index=16&type=section&id=%E6%A5%AD%E5%8B%99%E5%89%8D%E7%9E%BB) The industrial automatic control system device manufacturing industry is positively correlated with the macroeconomy. Despite some industry demand shortfalls, sectors like non-ferrous metals, power, and nuclear energy show strong demand, indicating sustained long-term growth for the instrument industry. As a leading enterprise, the Group is poised to benefit from national industrial foundation re-engineering and major technical equipment tackling projects, driving sustainable growth - The industrial automatic control system device manufacturing industry is affected by macroeconomic conditions and fluctuations in downstream cyclical industries, but demand is strong in non-ferrous metals, power, nuclear energy, and equipment manufacturing industries[35](index=35&type=chunk) - The Group expects to benefit from the national initiatives to deepen industrial foundation re-engineering and major technical equipment tackling projects, leading to increasing demand for domestically produced mid-to-high-end instruments in downstream industries and driving sustainable growth[35](index=35&type=chunk) [Revenue](index=17&type=section&id=%E6%94%B6%E5%85%A5) This year, the Group's revenue was approximately RMB 193,546 thousand, a 39.0% increase from last year, primarily driven by increased sales of automation instruments and technical products and entrusted processing services, despite challenges from stagnant economic growth Group Revenue | Indicator | 2025 (RMB thousands) | 2024 (RMB thousands) | YoY Growth | | :--- | :--- | :--- | :--- | | Revenue | 193,546 | 139,203 | 39.0% | - Revenue growth was primarily due to increased sales of automation instruments and technical products and entrusted processing services[36](index=36&type=chunk) [Gross Profit and Operating Profit/(Loss)](index=17&type=section&id=%E6%AF%9B%E5%88%A9%E5%8F%8A%E7%B6%93%E7%87%9F%E6%BA%A2%E5%88%A9%EF%BC%8F%EF%BC%88%E虧%E6%90%8D%EF%BC%89) This year, the Group's gross profit and operating profit both increased significantly, with gross profit reaching RMB 65,469 thousand and operating profit turning around to RMB 17,592 thousand, mainly due to increased sales and a reversal of impairment loss on trade receivables Gross Profit and Operating Profit/(Loss) | Indicator | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Gross Profit | 65,469 | 35,026 | | Operating Profit/(Loss) | 17,592 | (33,236) | - The increase in gross profit was primarily due to increased sales of industrial automation instrument products and related entrusted processing services[37](index=37&type=chunk) - Operating profit includes a reversal of impairment loss on trade receivables of approximately **RMB 4,359 thousand** (2024: impairment loss of approximately **RMB 289 thousand**) recognized under the expected credit loss model[37](index=37&type=chunk) [Profit/(Loss) Attributable to Owners of the Company](index=17&type=section&id=%E6%9C%AC%E5%85%AC%E5%8F%B8%E6%93%81%E6%9C%89%E4%BA%BA%E6%87%89%E4%BD%B5%E6%BA%A2%E5%88%A9%EF%BC%8F%EF%BC%88%E虧%E6%90%8D%EF%BC%89) This year, profit attributable to owners of the company was RMB 17,445 thousand, successfully reversing last year's loss of RMB 32,735 thousand, primarily influenced by factors such as the aforementioned revenue and gross profit growth Profit/(Loss) Attributable to Owners of the Company | Indicator | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Profit/(Loss) attributable to owners of the Company | 17,445 | (32,735) | [Earnings/(Loss) Per Share](index=17&type=section&id=%E6%AF%8F%E8%82%A1%E7%9B%88%E5%88%A9%EF%BC%8F%EF%BC%88%E虧%E6%90%8D%EF%BC%89) This year, basic and diluted earnings per share were both RMB 1.68 cents, representing a significant improvement from a loss of RMB 3.16 cents per share in the prior year Earnings/(Loss) Per Share | Indicator | 2025 (RMB cents) | 2024 (RMB cents) | | :--- | :--- | :--- | | Basic and diluted earnings/(loss) per share | 1.68 | (3.16) | [Capital Structure, Liquidity and Financial Resources](index=18&type=section&id=%E8%B3%87%E6%9C%AC%E7%B5%90%E6%A7%8B%E3%80%81%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 a healthy liquidity position, primarily using internal resources for working capital needs. As of June 30, 2025, cash and cash equivalents, net current assets, and total assets less current liabilities all increased, with the Board prudently managing cash to address market uncertainties - The Group maintains a healthy liquidity position, primarily utilizing internal resources to meet working capital requirements[41](index=41&type=chunk)[42](index=42&type=chunk) Liquidity Position | Indicator | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Cash and cash equivalents | 1,456,416 | 1,417,002 | | Net current assets | 1,475,948 | 1,435,034 | | Total assets less current liabilities | 1,726,384 | 1,709,004 | - The Group holds most of its cash in banks to support the development of its principal operating subsidiary, Fujian Shangrun, and prudently monitors market conditions to determine capital deployment[42](index=42&type=chunk) [Borrowings](index=18&type=section&id=%E5%80%9F%E8%B2%B8) As of June 30, 2025, the Group had no bank borrowings - As of **June 30, 2025**, the Group had no bank borrowings[43](index=43&type=chunk) [Equity](index=18&type=section&id=%E6%AC%8A%E7%9B%8A) As of June 30, 2025, total equity attributable to owners of the company increased by approximately RMB 17,621 thousand to RMB 1,708,309 thousand Total Equity Attributable to Owners of the Company | Indicator | 2025 (RMB thousands) | 2024 (RMB thousands) | YoY Increase | | :--- | :--- | :--- | :--- | | Total equity attributable to owners of the Company | 1,708,309 | 1,690,688 | 17,621 | [Gearing Ratio](index=18&type=section&id=%E8%B3%87%E7%94%A2%E8%B2%A0%E5%82%B5%E6%AF%94%E7%8E%87) As of June 30, 2025, the Group's gearing ratio was approximately 0.06, a slight increase from last year but still at a low level Gearing Ratio | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | Gearing Ratio | 0.06 | 0.05 | [Use of Proceeds from Listing](index=19&type=section&id=%E4%B8%8A%E5%B8%82%E6%89%80%E5%BE%97%E6%AC%BE%E9%A0%85%E7%94%A8%E9%80%94) As of June 30, 2025, most of the net proceeds from the company's listing have been utilized as planned, primarily for constructing production facilities, R&D, network development, and general working capital. RMB 24 million (HKD) for R&D is expected to be utilized by the end of 2030 Use of Net Proceeds from Listing | Purpose | Latest Proposed Net Proceeds (HKD millions) | Unutilized Net Proceeds as of June 30, 2025 (HKD millions) | Expected Timeline for Utilization of Unutilized Net Proceeds | | :--- | :--- | :--- | :--- | | Construction of production facilities for new products | 652 | — | Not applicable | | Research and development work | 238 | 24 | By end of 2030 | | Network development and sales support services | 45 | — | Not applicable | | Development of information systems | 4 | — | Not applicable | | General working capital | 104 | — | Not applicable | | **Total** | **1,043** | **24** | | - The unutilized balance of net proceeds is placed in short-term deposits with financial institutions[47](index=47&type=chunk) [Material Investments](index=19&type=section&id=%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B3%87) The Group held no material investments during the current year - The Group held no material investments during the current year[48](index=48&type=chunk) [Acquisitions and Disposals of Subsidiaries, Associates and Joint Ventures](index=20&type=section&id=%E6%94%B6%E8%B3%BC%E8%88%87%E5%87%BA%E5%94%AE%E9%99%84%E5%B1%AC%E5%85%AC%E5%8F%B8%E3%80%81%E8%81%AF%E7%87%9F%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%90%88%E7%87%9F%E4%BC%81%E6%A5%AD) The Group had no material acquisitions or disposals of subsidiaries, associates, or joint ventures during the current year - The Group had no material acquisitions or disposals of subsidiaries, associates, or joint ventures during the current year[49](index=49&type=chunk) [Employees](index=20&type=section&id=%E5%83%B1%E5%93%A1) As of June 30, 2025, the Group had a total of 448 employees, with staff costs of approximately RMB 40,070 thousand. To incentivize employees, the company adopted a share option scheme this year and granted 33,474,000 share options Employee Information | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | Total number of employees | 448 people | 436 people | | Staff costs (excluding directors' emoluments) | RMB 40,070 thousand | RMB 38,340 thousand | - The company adopted a share option scheme on February 13, 2025, and granted **33,474,000 share options** to eligible participants on June 20, 2025[50](index=50&type=chunk) [Pledge of Assets](index=20&type=section&id=%E8%B3%87%E7%94%A2%E6%8A%B5%E6%8A%BC) As of June 30, 2025, the Group had not pledged any of its assets - As of **June 30, 2025**, the Group had not pledged any of its assets[52](index=52&type=chunk) [Future Plans for Material Investments or Capital Assets and Expected Sources of Funding](index=20&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%E5%8F%8A%E9%A0%90%E6%9C%9F%E8%B3%87%E9%87%91%E4%BE%86%E6%BA%90) As of June 30, 2025, the Group had no future plans for material investments or capital assets and will continue to monitor industry developments and regularly review its business expansion plans - As of **June 30, 2025**, the Group had no future plans for material investments or capital assets[53](index=53&type=chunk) - The Group will continue to closely monitor industry developments and regularly review its business expansion plans[53](index=53&type=chunk) [Exchange Rate Fluctuation Risk](index=21&type=section&id=%E5%BD%99%E7%8E%87%E6%B3%A2%E5%8B%95%E9%A2%A8%E9%9A%AA) The Group's foreign exchange risk primarily arises from financial assets and liabilities denominated in USD and HKD. This year, the Group did not use financial instruments to hedge currency risk and will continue to monitor it closely - The Group's foreign exchange risk primarily arises from financial assets and liabilities denominated in USD and HKD[54](index=54&type=chunk) - This year, the Group did not use financial instruments to hedge currency risk and will continue to monitor it closely[54](index=54&type=chunk) [Capital Commitments](index=21&type=section&id=%E8%B3%87%E6%9C%AC%E6%89%BF%E6%93%94) As of June 30, 2025, the Group had no capital expenditures contracted but not provided for in the consolidated financial statements - As of **June 30, 2025**, the Group had no capital expenditures contracted but not provided for in the consolidated financial statements[55](index=55&type=chunk) [Contingent Liabilities](index=21&type=section&id=%E6%88%96%E7%84%B6%E8%B2%A0%E5%82%B5) As of June 30, 2025, the Group had no material contingent liabilities - As of **June 30, 2025**, the Group had no material contingent liabilities[56](index=56&type=chunk) [Dividends](index=21&type=section&id=%E8%82%A1%E6%81%AF) The Board does not recommend the payment of any final dividend for the current year - The Board does not recommend the payment of any final dividend for the current year[57](index=57&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=21&type=section&id=%E8%B3%BC%E8%B2%B7%E3%80%81%E5%87%BA%E5%94%AE%E6%88%96%E8%B4%96%E5%9B%9E%E6%9C%AC%E5%85%AC%E5%8F%B8%E4%B8%8A%E5%B8%82%E8%AD%89%E5%88%B8) During the current year, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities - During the current year, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities[58](index=58&type=chunk) [Events After Reporting Period](index=21&type=section&id=%E5%A0%B1%E5%91%8A%E6%9C%9F%E5%BE%8C%E4%BA%8B%E9%A0%85) Except for those disclosed in this announcement, no material events affecting the Group occurred from the end of the reporting period to the date of this announcement - No material events affecting the Group occurred from the end of the reporting period to the date of this announcement, other than those disclosed in this announcement[59](index=59&type=chunk) [Corporate Governance](index=21&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB) This section details the company's adherence to corporate governance principles, including compliance with the Corporate Governance Code and the roles of its committees [Compliance with the Corporate Governance Code](index=21&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E5%AE%88%E5%89%87%E7%9A%84%E9%81%B5%E5%AE%88%E6%83%85%E6%B3%81) The company largely complied with the Corporate Governance Code this year, with two deviations: the roles of Chairman and CEO are combined, and management provides updates semi-annually instead of monthly. The Board deems these deviations appropriate, ensuring checks and balances and timely information flow - The company complied with most provisions of the Corporate Governance Code this year but deviated from code provisions C.2.1 (combined roles of Chairman and Chief Executive Officer) and D.1.2 (management providing monthly updates)[60](index=60&type=chunk)[61](index=61&type=chunk)[62](index=62&type=chunk) - The Board believes combining the roles of Chairman and Chief Executive Officer is more efficient, with four independent non-executive directors ensuring checks and balances. Management provides comprehensive financial statements and other updates semi-annually, with timely updates on significant events, fulfilling the purpose of regular information provision[61](index=61&type=chunk)[62](index=62&type=chunk) [Model Code for Securities Transactions by Directors of Listed Issuers](index=22&type=section&id=%E4%B8%8A%E5%B8%82%E7%99%BC%E8%A1%8C%E4%BA%BA%E8%91%A3%E4%BA%8B%E9%80%B2%E8%A1%8C%E8%AD%89%E5%88%B8%E4%BA%A4%E6%98%93%E7%9A%84%E6%A8%99%E6%BA%96%E5%AE%88%E5%89%87) The company has adopted the Model Code as set out in Appendix C3 of the Listing Rules, and all directors have confirmed compliance with it for the current year - The company has adopted the Model Code as set out in Appendix C3 of the Listing Rules, and all directors have confirmed compliance with it for the current year[63](index=63&type=chunk)[64](index=64&type=chunk) [Remuneration Committee](index=23&type=section&id=%E8%96%AA%E9%85%AC%E5%A7%94%E5%91%A1%E6%9C%83) Established in 2008, the Remuneration Committee comprises four independent non-executive directors, chaired by Mr. Chen Yuxiao, and advises the Board on remuneration policies and packages for directors and senior management - The Remuneration Committee was established in 2008, comprising four independent non-executive directors, with Mr. Chen Yuxiao as Chairman[65](index=65&type=chunk) - Its primary responsibility is to advise the Board on remuneration policies and packages for directors and senior management[65](index=65&type=chunk) [Nomination Committee](index=23&type=section&id=%E6%8F%90%E5%90%8D%E5%A7%94%E5%91%A1%E6%9C%83) Established in 2008, the Nomination Committee comprises four independent non-executive directors, chaired by Mr. Chen Yuxiao, and is responsible for reviewing the Board's structure, size, composition, and diversity, and recommending candidates for directorships, re-appointments, and succession planning - The Nomination Committee was established in 2008, comprising four independent non-executive directors, with Mr. Chen Yuxiao as Chairman[66](index=66&type=chunk) - Its primary responsibility is to review the Board's structure, size, composition, and diversity, and to recommend candidates for directorships, re-appointments, and succession planning to the Board[66](index=66&type=chunk) [Audit Committee](index=23&type=section&id=%E5%AF%A9%E6%A0%B8%E5%A7%94%E5%91%A1%E6%9C%83) Established in 2008, the Audit Committee comprises four independent non-executive directors, chaired by Mr. Chen Yuxiao, and assists the Board in providing independent oversight on financial reporting, internal controls, and risk management systems, having reviewed the full-year results for the current year - The Audit Committee was established in 2008, comprising four independent non-executive directors, with Mr. Chen Yuxiao as Chairman[67](index=67&type=chunk) - Its primary responsibility is to assist the Board in providing independent opinions on financial reporting, internal control, and risk management systems, and it has reviewed the full-year results for the current year[67](index=67&type=chunk) [Other Information](index=24&type=section&id=%E5%85%B6%E4%BB%96%E4%BF%A1%E6%81%AF) This section covers additional disclosures including annual general meeting details, auditor's scope, and publication of full-year results and annual report [Annual General Meeting and Closure of Register of Members](index=24&type=section&id=%E8%82%A1%E6%9D%B1%E9%80%B1%E5%B9%B4%E5%A4%A7%E6%9C%83%E5%8F%8A%E6%9A%AB%E5%81%9C%E8%BE%A6%E7%90%86%E8%82%A1%E4%BB%BD%E9%81%8E%E6%88%B6%E7%99%BB%E8%A8%98%E6%89%8B%E7%BA%8C) The company's share transfer registration will be suspended from December 8 to December 11, 2025, to determine shareholders' eligibility to attend and vote at the Annual General Meeting. All share transfer documents must be submitted by 4:30 p.m. on December 5, 2025 - The register of members will be closed from **December 8 to December 11, 2025**, to determine shareholders' eligibility to attend and vote at the Annual General Meeting[68](index=68&type=chunk) - Share transfer documents must be submitted by **4:30 p.m. on December 5, 2025**[68](index=68&type=chunk) [Auditor's Scope of Work](index=24&type=section&id=%E5%9C%8B%E5%AF%8C%E6%B5%A9%E8%8F%AF%EF%BC%88%E9%A6%99%E6%B8%AF%EF%BC%89%E6%9C%83%E8%A8%88%E5%B8%AB%E4%BA%8B%E5%8B%99%E6%89%80%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8%E7%9A%84%E5%B7%A5%E4%BD%9C%E7%AF%84%E5%9C%8D) The Group's auditor, Crowe (HK) CPA Limited, has reconciled the financial data in the preliminary announcement with the audited consolidated financial statements, but their work does not constitute an assurance engagement, and no opinion or assurance conclusion has been expressed - The auditor, Crowe (HK) CPA Limited, has reconciled the financial data in the preliminary announcement with the audited consolidated financial statements[69](index=69&type=chunk) - The auditor's work does not constitute an assurance engagement, and no opinion or assurance conclusion has been expressed on the preliminary announcement[69](index=69&type=chunk) [Publication of Full-Year Results and Annual Report](index=25&type=section&id=%E5%88%8A%E7%99%BC%E5%85%A8%E5%B9%B4%E6%A5%AD%E7%B8%BE%E5%8F%8A%E5%B9%B4%E5%BA%A6%E5%A0%B1%E5%91%8A) This full-year results announcement has been published on the HKEX and company websites. The Group's full-year consolidated financial results for the current year have been reviewed by the Audit Committee, and the annual report will be dispatched to shareholders and published on the website in due course - The full-year results announcement has been published on the HKEX website and the company's website[70](index=70&type=chunk) - The Group's full-year consolidated financial results for the current year have been reviewed by the Audit Committee, and the annual report will be dispatched to shareholders and published on the website in due course[70](index=70&type=chunk)

中國高精密自動化集團有限公司 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。 CHINA HIGH PRECISION AUTOMATION GROUP LIMITED 於本公告刊發日期，本公司執行董事為黃訓松先生、鄒崇先生、蘇方中先生及張全先生；及本公司 獨立非執行董事為吉勤之女士、胡國清博士，陳玉曉先生及黃世震博士。 (於開曼群島註冊成立的有限公司) (股份代號 ﹕591) 董事會會議通告 中國高精密自動化集團有限公司（「本公司」）董事會（「董事會」）謹此宣佈， 將於二零二五年九月三十日（星期二）下午四時正舉行董事會會議，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年度的年度業績以供刊發及 考慮支付末期股息（如有）。 承董事會命 中國高精密自動化集團有限公司 主席 黃訓松 香港，二零二五年九月十六日 ...