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]

Core Viewpoint - Pudat 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 loss for the reporting period is primarily due to research and administrative expenses of approximately HKD 93.5 million related to the ongoing development and expansion of the semiconductor and solar industries [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 research expenses decreased by approximately HKD 37.7 million from about HKD 131.1 million, mainly due to cost control measures implemented in response to a sluggish market environment [1] - The reduction in research material costs followed the completion of major product research [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 company 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 approximately HKD 20 million [1]

Core Viewpoint - The company, Puda Tech (00650.HK), anticipates a net loss attributable to equity shareholders of approximately HKD 87.7 million for the six months ending September 30, 2025, a significant improvement compared to a loss of HKD 160 million for the same period in 2024 [1][2] Financial Performance - The expected net loss of HKD 87.7 million is primarily due to research and development (R&D) and administrative expenses amounting to approximately HKD 93.5 million related to the ongoing development and expansion of the semiconductor and solar industries [1] - The loss has decreased by approximately HKD 73 million compared to the same period in 2024, attributed to improvements in operational and investment performance [2] - Administrative and R&D expenses decreased by about HKD 37.7 million, mainly due to cost control measures implemented in response to a sluggish market environment and reduced material costs after the completion of major product R&D [2] - 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 [2] - The impairment loss on investments in an associate company improved from approximately HKD 40.4 million to no recorded impairment loss [2] - The total revenue decline was partially offset by a reduction in gross profit contribution from the company's oil and equipment business, amounting to approximately HKD 20 million [2]

Group 1 - The company, Puda Technology (00650.HK), announced that its board meeting will be held on November 21, 2025, to consider and approve the interim results for the six months ending September 30, 2025 [1] - The board will also consider the distribution of an interim dividend, if applicable [1]

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倚賴該等內容而引致的任何損失承擔任何責任。 主席兼首席執行官 劉二壯 香港，二零二五年十一月十日 （於百慕達註冊成立並於開曼群島存續之有限公司） （股份代號：650） 董事會會議通告 普達特科技 有限公司*（「本公司」）董事（「董事」）會（「董事會」）謹此宣 佈，董事會 會議將於二零二五年十一月二十一日（ 星期五 ）舉行，藉以（ 其中包括 ）考慮及批准 本公司及其附屬公司截至二零二五年九月三十日止六個月之中期業績，並考慮派 發中期股息（ 如有 ）。 承董事會命 普達特科技有限公司* 普 達 特 科 技 有 限 公 司* PRODUCTIVE TECHNOLOGIES COMPANY LIMITED 本 公 告 日 期， 董 事 會 由 八 名 董 事 組成 ， 其 中 三 名 為 執 行董 事 ， 即 劉 二 壯 博 士（ 主 席 ）、 譚 崛 先 生 及 劉 知 海 先 生 ； ...