截至月份: 2026年1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: 普達特科技有限公司 (於百慕達註册成立並於開曼群島存續之有限公司) 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 呈交日期: 2026年2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) | 00650 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 11,000,000,000 | HKD | | 0.01 | HKD | | 110,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 11,000,000,000 | HKD | | 0.01 | H ...

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12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: 普達特科技有限公司 (於百慕達註册成立並於開曼群島存續之有限公司) 呈交日期: 2026年1月7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) | 00650 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 11,000,000,000 | HKD | | 0.01 HKD | | 110,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 11,000,000,000 | HKD | | 0.01 HKD | | 110,000,00 ...

Equipment Orders and Development - The Company secured 7 new orders for semiconductor cleaning equipment, including a high-temperature sulfuric acid cleaning equipment, with successful deliveries to customers[13]. - For Low-Pressure Chemical Vapor Deposition (LPCVD) equipment, the Company obtained 2 new orders, both of which have been successfully delivered[13]. - The Company received 4 new orders for CUBE/QUADRA Single Wafer Cleaning Equipment, including repeat orders from existing customers in the power device sector[14]. - The OCTOPUS Single Wafer Cleaning Equipment secured 4 new orders, with two units designated for a 12-inch wafer foundry customer supporting critical cleaning steps in the 28nm process node[15]. - The Company is developing Parallelo Batch Cleaning Equipment for 12-inch wafer cleaning processes, currently in the development and testing phase[18]. - The LPCVD equipment platform has secured two prototype orders for LP-SiN and ALD-SiN processes, both successfully delivered to customers[20]. - The LPCVD equipment series boasts higher filling aspect ratio, uniformity, step coverage, and lower contamination compared to domestic counterparts[20]. - The mass production capability of advanced equipment models is being accumulated and verified through successful order deliveries[13]. - The Company aims to provide customers with solutions that feature stronger overall competitiveness compared to similar equipment from overseas suppliers[20]. - The LPCVD equipment is expected to enter the industrialization phase soon, with higher filling aspect ratios and lower contamination compared to domestic competitors[21]. - The Company is focused on developing innovative and cost-effective wet processing equipment to address industry pain points[21]. - The Company has approximately 140 R&D and technical support personnel, focusing on developing a differentiated product portfolio for semiconductor equipment localization[55]. - The Company is developing innovative and cost-effective wet process equipment to enhance customer efficiency in line with new semiconductor industry trends[56]. Financial Performance - Revenue from sales for the six months ended 30 September 2025 was HK$77.6 million, a decrease of 52.2% compared to HK$162.0 million for the same period in 2024[32]. - Revenue from sales of crude oil was HK$68.4 million, down 19.2% from HK$84.7 million in the previous year[32]. - Gross profit for the period was HK$9.7 million, a decline of 67.2% from HK$29.8 million in the prior year[32]. - The loss before taxation was HK$88.8 million, improving from a loss of HK$158.3 million in the same period last year[32]. - Adjusted EBITDA for the period was a loss of HK$5.6 million, compared to a loss of HK$46.3 million in the previous year[32]. - The company has an order backlog of HK$448 million, with corresponding revenue yet to be recognized[24]. - The amount of unrecognized revenue from orders on hand increased to HK$214,059,000 as of September 30, 2025, up from HK$158,347,000, reflecting a growth of approximately 35%[39]. - The total cumulative delivered revenue from orders decreased to HK$81,383,000 from HK$137,542,000, a decline of approximately 41%[39]. - Loss before taxation for the six months ended September 30, 2025, improved to HK$88,801,000 from HK$158,331,000 in the same period of 2024, representing a reduction of approximately 44%[38]. - The company aims to achieve improved profitability through a substantial order backlog and continuously optimized costs[24]. - Revenue from equipment and services decreased by HK$68.2 million, or approximately 88.2%, from HK$77.3 million for the six months ended September 30, 2024, to HK$9.1 million for the reporting period[125]. - Revenue from external customers in the Semiconductor and solar cell segment decreased from HK$77.3 million in 2024 to HK$9.1 million in 2025[165]. - Revenue from external customers in the Oil and gas and others segment decreased from HK$84.7 million in 2024 to HK$68.4 million in 2025[165]. Market Trends and Projections - The global semiconductor market is projected to reach US$697.1 billion by 2025, with a CAGR of 8%[52]. - The WFE market is projected to reach US$7.6 billion in 2025, accounting for approximately 6% of the global WFE market[49]. - China's domestic semiconductor cleaning equipment market holds around 32% of the global market, valued at over US$2.4 billion, with a localization rate nearing 50%[52]. - The solar cell cleaning equipment market is expected to exceed US$680 million in 2025, representing 8% of the total solar cell equipment market[50]. - The LPCVD equipment market is projected to account for 8% of the global WFE market, approximately US$10 billion by 2025, with the Chinese domestic market representing about US$3.2 billion, or 32% of the global market[67]. - The current localization rate of LPCVD equipment in China's semiconductor market is only about 20%, indicating significant room for growth and development[67]. - The semiconductor and solar cell industries are viewed as major global growth drivers, with a focus on developing high-productivity cleaning and thin-film equipment solutions[116][119]. - Geopolitical uncertainties and export restrictions are reshaping global supply chains in the semiconductor sector, leading to sustained expansion of domestic wafer manufacturing capacity[117]. - In the solar cell sector, long-term fundamentals remain intact despite intensified competition and margin pressure, with technologies like TOPCon and BC dominating new capacity additions[120][123]. Operational and Strategic Initiatives - The company is actively expanding its market presence to secure new orders and maintain positive business momentum[24]. - The company plans to gradually expand investments in semiconductor equipment, anticipating a global semiconductor market growth to US$697.1 billion in 2025, with a CAGR of 8%[48]. - The company aims to enhance operational efficiency by improving the management of the entire chain from R&D to sales and optimizing its financial structure[69]. - The semiconductor cleaning equipment business is focusing on increasing market share in the wafer thinning (BGBM) segment and expanding applications for 12-inch wafer production lines[69]. - The company plans to integrate industry resources and explore potential quality resources through mergers and acquisitions to promote enterprise development[74]. - The company is actively identifying and evaluating investment opportunities in the semiconductor and solar cell industry, marking a significant milestone in its business development[76]. - The management team has extensive experience, with an average industry tenure of over 20 years, focusing on building core competencies to drive new business growth[55]. - The company aims to become a leader in semiconductor cleaning equipment and LPCVD equipment within the next decade, with mid-to-short term objectives focused on market consolidation and technology commercialization[122][124]. Oil and Gas Sector Performance - The gross production volume from the upstream oil and gas business was 163,999 barrels, a decrease from 170,035 barrels, representing a decline of about 3.1%[42]. - The average unit selling price for oil decreased to HK$525 per barrel from HK$625 per barrel, a drop of approximately 16%[42]. - The average unit production cost before depreciation and amortization improved to HK$134 per barrel from HK$156 per barrel, a reduction of about 14%[42]. - The oil and gas industry is gradually recovering, supported by improved operational efficiency and disciplined capital management, while adapting to the global energy transition towards low-carbon sources[78]. - International oil prices remained volatile during the nine months ended September 30, 2025, influenced by geopolitical tensions and global supply-demand dynamics[77]. - The company successfully drilled 4 oil-producing wells during the reporting period, compared to 8 wells in the previous period[42]. - The average daily gross production volume decreased from 945 barrels to 911 barrels[94]. - The average daily gross sales volume decreased from 941 barrels to 905 barrels[94]. - The company incurred exploration and development expenditures of HK$16,453,000 for oil producers and HK$3,083,000 for fracturing workover during the six months ended 30 September 2025[96]. Investment and Financial Management - The company has established subsidiaries in China for R&D and manufacturing of semiconductor and solar cell production equipment[27]. - Britech, a company invested by the Group in 2022, holds a 23.45% equity interest and is classified as an associate in the Group's consolidated financial statements[31]. - The Group has not engaged in any hedging activities for oil price risk or foreign exchange rate risk as of September 30, 2025[176][178]. - The Group's liquidity management includes monitoring compliance with lending covenants and maintaining sufficient cash reserves and marketable securities[182]. - The Group is exposed to various market risks, including oil price risk, currency risk, liquidity risk, interest rate risk, credit risk, equity price risk, and driver management risk[174]. - The Group's credit risk is primarily associated with cash at bank and trade receivables, with limited exposure due to partnerships with state-owned or well-known financial institutions[185]. - The Group establishes provisions for potential litigation losses based on estimates of the losses[190]. - The company expects a challenging market environment but will continue to pursue long-term business and profitability growth[198]. - The Board will closely monitor the performance of its investment portfolios throughout the Fund's term[198]. - As of September 30, 2025, the fair value of the Fund investment held by the Group was HK$178.5 million, representing 7.7% of total assets[197]. - Valuefort Investment Limited has committed to a total capital of US$20 million (approximately HK$155.66 million) for the IDG Capital Project Fund II, L.P.[199]. - As of September 30, 2025, Valuefort has contributed US$14.3 million (approximately HK$111.29 million) to the Fund, with US$5.7 million pending payment[199].

Market Overview - The A-share market is experiencing a weak adjustment, with major indices collectively declining. The Shanghai Composite Index is down 1.22% at 3820.85 points, the Shenzhen Component Index is down 1.88% at 12866.09 points, and the ChiNext Index is down 2.35% at 3063.97 points [2] Smart Driving Sector - The smart driving sector is showing strength, driven by the approval of the first L3-level autonomous driving models. The ride-hailing concept stocks are surging, with companies like Jinjiang Online, BAIC Blue Valley, and Tongda Electric hitting the daily limit [5][6] - The two approved L3-level autonomous driving models are from Changan Automobile and BAIC Blue Valley, marking a significant step towards commercial application of autonomous driving in China [8] Retail Sector - The retail sector is experiencing localized movements, with the Shenwan Commercial Retail Index rising by 1.28%. Several stocks, including Yonghui Supermarket and Cuiwei Co., are hitting the daily limit [10][11] - A recent notice from the Ministry of Commerce, the People's Bank of China, and the financial regulatory authority emphasizes enhancing collaboration between commerce and finance to boost consumption, focusing on five key areas [12]

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11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: 普達特科技有限公司 (於百慕達註册成立並於開曼群島存續之有限公司) 呈交日期: 2025年12月4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) | 00650 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 11,000,000,000 | HKD | | 0.01 HKD | | 110,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 11,000,000,000 | HKD | | 0.01 HKD | | 110,000,0 ...

Core Viewpoint - Pudat Technology (00650) reported a significant decline in sales revenue for the six months ending September 30, 2025, with a year-on-year decrease of 52.12% to approximately HKD 77.568 million, while the loss attributable to equity shareholders narrowed by 45.43% to HKD 87.691 million [1] Financial Performance - Sales revenue decreased by 52.12% year-on-year to approximately HKD 77.568 million [1] - Loss attributable to equity shareholders was HKD 87.691 million, a reduction of 45.43% year-on-year [1] - Basic and diluted loss per share was HKD 1.193 [1] Operational Highlights - The loss during the period was primarily due to research and administrative expenses related to the ongoing development and expansion of the semiconductor and solar energy businesses, amounting to approximately HKD 93.5 million [1] - The company made progress in the industrialization of semiconductor equipment, particularly in market expansion and order quality [1] - The company secured 7 new orders for semiconductor cleaning equipment, including repeat orders from existing customers and new orders from high-quality clients, which included a high-temperature sulfuric acid cleaning (HTSPM) device for advanced semiconductor cleaning processes [1] - Two new orders for low-pressure chemical vapor deposition (LPCVD) equipment, used in various 12-inch semiconductor key film deposition processes, were successfully delivered to customers [1] - The accumulation and validation of production performance are ongoing as advanced models continue to receive orders and successful deliveries [1]

Core Viewpoint - Puda Technology (00650) reported a significant decline in sales revenue and a narrowed loss for the six months ending September 30, 2025, primarily due to ongoing R&D and administrative expenses related to its semiconductor and solar industries [1] Financial Performance - Sales revenue for the period was approximately HKD 77.568 million, representing a year-on-year decrease of 52.12% [1] - The loss attributable to equity shareholders was HKD 87.691 million, which is a year-on-year reduction of 45.43% [1] - Basic and diluted loss per share was HKD 1.193 [1] Operational Highlights - The company made progress in the industrialization of its semiconductor equipment, particularly in market expansion and order quality [1] - The company secured 7 new orders for semiconductor cleaning equipment, including repeat orders from existing customers and new orders from high-quality clients [1] - Among the new orders, one was for a high-temperature sulfuric acid cleaning (HTSPM) device for advanced semiconductor cleaning processes, with some orders already successfully delivered to customers [1] - The low-pressure chemical vapor deposition (LPCVD) equipment, used for various 12-inch semiconductor key film deposition processes, received 2 new orders, both of which have been successfully delivered [1] - The accumulation and validation of production performance are ongoing as advanced models continue to receive orders and achieve successful deliveries [1]

Group 1: Company Performance - Puda Technology (00650.HK) reported a significant decline in sales revenue from cleaning equipment and related services for the solar and semiconductor manufacturing sectors, dropping from HKD 77.3 million to HKD 9.1 million, a decrease of approximately 88.2% [1] - The decline in sales is attributed to the downturn in the photovoltaic industry, with the global solar market facing adjustments since the end of 2023 due to reduced demand and project delays [1] Group 2: Industry Insights - Hongbo Mining's crude oil sales net revenue decreased from HKD 84.7 million to HKD 68.4 million, a reduction of about 19.2% [2] - The decrease in revenue is primarily due to lower selling prices and a slight reduction in sales volume, with the average Brent crude oil price falling to approximately HKD 535 per barrel during the reporting period [2] - Hongbo Mining's average unit selling price for crude oil decreased from HKD 625 per barrel to approximately HKD 525 per barrel, aligning with global oil price trends [2] - The net sales volume slightly decreased from 135,470 barrels to 130,289 barrels, mainly due to a reduction in production [2] - The company's loss significantly decreased from HKD 165 million to HKD 93.3 million, a reduction of approximately 43.5% [2]

Business Development and Orders - The company achieved progress in its semiconductor equipment business, securing 7 new orders for semiconductor cleaning equipment, including a high-temperature sulfuric acid cleaning (HTSPM) device [3]. - The company received 4 new orders for CUBE cleaning equipment, including repeat orders from existing customers in the power device sector [4]. - The company obtained 4 new orders for OCTOPUS cleaning equipment, with two units designated for a 12-inch wafer foundry customer, focusing on critical cleaning processes for 28nm technology [5]. - The company is actively expanding its market presence to secure more new orders and maintain a positive business development trend [9]. - The company is committed to continuous technological innovation and market expansion, aiming for improved profit performance in the future [9]. - The company continues to develop and manufacture innovative wafer fabrication equipment (WFE) and solar cell production equipment, including high-end single-wafer cleaning and LPCVD equipment [11]. - The company is focusing on market expansion and new product development as part of its strategic initiatives moving forward [25]. - The semiconductor cleaning equipment business is focusing on expanding market share in wafer thinning and enhancing operational efficiency through new customer development [69]. Financial Performance - Total revenue for the six months ended September 30 was approximately HKD 161.99 million, with sales from equipment at HKD 77.57 million and oil sales at HKD 68.44 million [14]. - The company reported a gross profit of HKD 29.75 million for the six months, compared to a gross profit of HKD 9.75 million in the previous period [14]. - The company incurred a net loss of HKD 93.28 million for the six months, compared to a net loss of HKD 165.12 million in the previous period [14]. - The company’s EBITDA for the six months was a loss of HKD 30.9 million, compared to a loss of HKD 100.8 million in the previous period [14]. - The company reported a net loss primarily due to R&D and administrative expenses of approximately HKD 93.5 million related to the semiconductor and solar energy business [4]. - The company recognized an impairment loss of approximately HKD 40.4 million on investments in associates during the reporting period [3]. - The company reported a total of HKD 464,690,000 in inventories, up from HKD 437,883,000, marking an increase of about 6.13% [27]. - The company reported a total comprehensive income for the six months ended September 30, 2025, was a loss of HKD 94,619,000, compared to a loss of HKD 156,539,000 for the same period in 2024 [26]. Assets and Liabilities - The company’s total assets amounted to HKD 2.33 billion, with total liabilities of HKD 960.34 million [15]. - The company’s net asset value attributable to equity shareholders was HKD 1.4 billion [15]. - The company’s total liabilities included interest expenses of HKD 5,341 thousand for the period [19]. - The company’s total liabilities decreased to HKD 1,548,624,000 from HKD 1,576,348,000, indicating a reduction of about 1.8% [28]. - The company has ongoing investments in construction projects valued at HKD 9,739,000, compared to HKD 8,278,000 previously, reflecting an increase of approximately 17.65% [27]. - The company has a significant amount of restricted cash totaling HKD 261,969,000, which is an increase from HKD 211,781,000, representing a growth of about 23.66% [27]. Market Trends and Projections - The global semiconductor market is projected to reach $697.1 billion by 2025, with a CAGR of 8% until 2030 [59]. - The semiconductor equipment sales are expected to grow by 9% by 2025, reaching $128 billion [59]. - The wafer cleaning equipment market is estimated to reach $7.6 billion by 2025, accounting for 6% of the global market [60]. - The domestic semiconductor cleaning equipment market in China is valued at over $2.4 billion, representing 32% of the global market [60]. - The LPCVD equipment market is expected to account for 8% of the global WFE market by 2025, approximately $10 billion [65]. - The domestic LPCVD equipment market in China is about $3.2 billion, with a localization rate of only 20% [65]. Research and Development - The LPCVD equipment platform has successfully completed major development engineering and is entering the industrialization phase, offering higher performance compared to domestic competitors [7]. - The company is developing innovative and cost-effective wet process equipment to address industry pain points and enhance customer efficiency [6]. - The company has a strong R&D team of approximately 140 personnel, with an average industry experience of over 20 years [61]. - Research and development expenses totaled HKD 53,919,000, up from HKD 33,635,000, highlighting the company's commitment to innovation [25]. Oil Production and Sales - The subsidiary Hong Bo Mining reported total oil sales of 162,861 barrels, generating total revenue of approximately HKD 85.6 million during the reporting period [13]. - The upstream oil asset acquired in 2016 continues to be influenced by geopolitical tensions and global supply-demand fluctuations, with oil prices showing less volatility compared to the previous year [70]. - Crude oil production slightly decreased by approximately 3.5% to 163,999 barrels, while total crude oil sales and net crude oil sales decreased by about 3.8% to 162,861 barrels and 130,289 barrels, respectively [74]. - Due to a decline in average crude oil prices, total crude oil sales revenue decreased by approximately 19.2% to about HKD 85.5 million, and net income decreased to HKD 68.4 million [74]. Corporate Governance and Compliance - The financial report is prepared in accordance with the applicable disclosure requirements of the Stock Exchange of Hong Kong [31]. - The company has adopted corporate governance principles to ensure high standards and transparency, aligning with shareholder interests [140]. - The board of directors has confirmed compliance with all applicable corporate governance rules during the reporting period, except for rule C.2.1 regarding the separation of roles of the chairman and CEO [141]. - The audit committee has reviewed the company's accounting principles and practices, and has no objections to the accounting treatment adopted by the company [137].

Core Viewpoint - Puda Technology (00650) anticipates a net loss attributable to equity shareholders of approximately HKD 87.7 million for the six months ending September 30, 2025, a decrease from a loss of HKD 160.7 million for the same period in 2024 [1] Financial Performance - The expected net loss for the upcoming period is primarily due to ongoing development and expansion in the semiconductor and solar industries, resulting in R&D and administrative expenses of about HKD 93.5 million [1] - The loss has decreased by approximately HKD 73 million compared to the same period in 2024, attributed to improved operational and investment performance [1] Cost Management - Administrative and R&D expenses decreased by about HKD 37.7 million from approximately HKD 131.1 million, mainly due to cost control measures implemented in response to a sluggish market environment [1] - The reduction in R&D material costs followed the completion of major product development [1] Investment Performance - Investment income from changes in the fair value of fund investments improved from a loss of approximately HKD 0.9 million to a gain of about HKD 9.6 million [1] - Impairment losses on investments in an associate improved from approximately HKD 40.4 million to no impairment loss recorded [1] Revenue Impact - The total revenue for the reporting period decreased, partially offset by a reduction in gross profit contribution from the company's oil and equipment business of about HKD 20 million [1]