Group 1 - The company reported a revenue of 148 million, representing a year-on-year increase of 71% [1] - The loss attributable to shareholders was 22.8 million, a decrease of 9.7% compared to the previous year [1] - The loss per share was 2.15 cents [1] Group 2 - Revenue from solar and energy storage increased from approximately 12.4 million in the same period of 2024 to about 98.8 million, a rise of 695.5% [1] - This growth was primarily due to the successful acquisition of new EPC projects by the company's subsidiary [1] - The company secured a new EPC service contract for a similar flywheel energy storage and lithium iron phosphate energy storage system in Shilou County, Shanxi Province, China [1] Group 3 - Revenue from logistics services decreased from approximately 74.3 million in the same period of 2024 to about 49.5 million, a decline of 33.4% [1] - This decline was mainly attributed to the termination of contracts by two clients in the first half of 2025 [1]

Core Insights - Kamda Solar (00712) reported a revenue of 148 million, representing a year-on-year increase of 71% [1] - The loss attributable to shareholders was 22.8 million, a decrease of 9.7% compared to the previous year [1] - The loss per share was 2.15 cents [1] Revenue Breakdown - Revenue from solar and energy storage increased from approximately 12.4 million in 2024 to about 98.8 million, marking a significant rise of 695.5% [1] - This growth was primarily driven by the successful acquisition of new EPC projects by the company's subsidiary [1] - The logistics service revenue decreased from approximately 74.3 million in 2024 to about 49.5 million, a decline of 33.4% [1] - The decline in logistics revenue was mainly due to the termination of contracts by two clients in the first half of 2025 [1]

Financial Performance - The company reported revenue of RMB 148.285 million for the six months ended June 30, 2025, representing a 71.1% increase from RMB 86.716 million in the same period of 2024[3]. - Gross profit for the same period was RMB 6.315 million, up from RMB 3.621 million, indicating a gross margin improvement[3]. - The company incurred a net loss of RMB 23.665 million, compared to a net loss of RMB 25.601 million in the prior year, reflecting a reduction in losses[3]. - The company’s total comprehensive loss for the period was RMB 21.903 million, compared to RMB 26.160 million in the previous year, showing an improvement in overall financial performance[5]. - The basic and diluted loss per share was RMB 2.15, compared to RMB 2.50 in the prior year, indicating a reduction in loss per share[5]. - The company reported a total loss before tax of RMB 23,076,000 for the six months ended June 30, 2025, compared to a loss of RMB 28,150,000 for the same period in 2024[20]. - The company reported a net loss attributable to shareholders of RMB 22,800,000 (approximately $3.2 million) for the six months ended June 30, 2025, compared to a net loss of RMB 25,254,000 (approximately $3.6 million) for the same period in 2024, indicating a reduction in losses of 5.8%[33]. Assets and Liabilities - Total assets as of June 30, 2025, were RMB 212.872 million, compared to RMB 146.259 million as of December 31, 2024, showing significant asset growth[6]. - Current liabilities increased to RMB 351.061 million from RMB 259.164 million, indicating a rise in short-term financial obligations[6]. - Total liabilities rose to RMB 395,199,000 (approximately $56.1 million) as of June 30, 2025, from RMB 306,683,000 (approximately $43.7 million) as of December 31, 2024, marking an increase of 28.9%[21]. - Trade payables as of June 30, 2025, totaled RMB 130,590,000, significantly up from RMB 52,919,000 as of December 31, 2024[36]. - Interest payable increased to RMB 77,060,000 as of June 30, 2025, from RMB 66,236,000 as of December 31, 2024[37]. Cash Flow and Liquidity - The company’s cash and cash equivalents decreased to RMB 6.377 million from RMB 9.075 million, highlighting liquidity challenges[6]. - Operating cash flow deficit was approximately RMB 195.5 million, compared to RMB 175.9 million at the end of 2024[64]. - The current ratio improved to 0.44 from 0.32 at the end of 2024, indicating better short-term financial health[64]. - The company continues to maintain sufficient financial resources to meet upcoming financial obligations and ongoing operations[11]. Revenue Breakdown - Revenue from solar power generation reached RMB 6,171,000, up from RMB 5,188,000, while energy storage sales decreased to RMB 878,000 from RMB 6,595,000[15]. - The logistics services segment generated revenue of RMB 49,503,000, down from RMB 74,299,000, indicating a decline of 33.4%[15]. - Solar and energy storage revenue increased by approximately RMB 86.4 million or 695.5% to approximately RMB 98.8 million, driven by successful new EPC projects[49]. - Logistics services revenue decreased by 33.4% to approximately RMB 49.5 million, primarily due to the termination of contracts by two customers in the first half of 2025[49]. Expenses and Cost Management - Research and development expenses were RMB 0.211 million, down from RMB 0.411 million, suggesting a focus on cost management[3]. - Depreciation and amortization expenses rose to RMB 6,207,000 (approximately $885,000) for the six months ended June 30, 2025, compared to RMB 5,126,000 (approximately $730,000) for the same period in 2024, an increase of 21.1%[30]. - Administrative expenses decreased by approximately RMB 2.7 million or 17.3% to about RMB 13.1 million, due to strict cost control measures[56]. - Employee costs totaled RMB 3,478,000 (approximately $495,000) for the six months ended June 30, 2025, compared to RMB 2,674,000 (approximately $380,000) for the same period in 2024, an increase of 30%[29]. Strategic Initiatives - The company plans to acquire a logistics cloud technology platform to enhance existing business operations and profitability[13]. - The company has invested RMB 15,500,000 in a hybrid energy storage system to improve profitability[13]. - The company is actively promoting its lithium battery energy storage systems and is seeking higher-value procurement orders[47]. - The company is exploring a new investment in a 150 MW flywheel energy project in Fushan County, Shanxi, with construction expected to start in the second half of 2025[74]. - The company plans to enter the hazardous materials transportation and smart logistics sectors through partnerships with local governments and industry experts[71]. Financial Reporting and Governance - The company has adopted new international financial reporting standards effective from January 1, 2025, with no significant impact on the financial statements[14]. - The company has not declared or proposed any dividends for the six months ended June 30, 2025, and 2024[32]. - The company maintained a public float of at least 25% of its issued shares throughout the reporting period[82]. - The board has achieved a gender diversity goal of at least 10% female representation[76]. - The board of directors includes executive director Zhang Yi and non-executive directors Dai Ji and Qiao Fenglin, along with independent non-executive directors Jiang Qiang, Dr. Zhen Jiasheng, and Qiu Ping[87].

格隆汇8月19日丨卡姆丹克太阳能(00712.HK)公告，公司谨订于2025年8月29日举行董事会会议，以(其 中包括)考虑及批准公司及其附属公司截至2025年6月30日止6个月的未经审核中期业绩及宣派中期股息 或其他分派的建议(如有)，以及处理其他事项。 ...

董事會會議通告 卡姆丹克太陽能系統集團有限公司（「本公司」）董事（「董事」）會（「董事會」）謹 此宣佈，本公司謹訂於二零二五年八月二十九日舉行董事會會議，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六月三十日止六個月的未經審核 中期業績及宣派中期股息或其他分派的建議（如有），以及處理其他事項。 承董事會命 卡姆丹克太陽能系統集團有限公司 主席 張屹 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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任 何部份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。 卡姆丹克太陽能系統集團有限公司 Comtec Solar Systems Group Limited （於開曼群島註冊成立的有限公司） （股份代號：712） 公佈 中國，上海，二零二五年八月十九日 於本公佈日期，執行董事為張屹先生；非執行董事為戴驥先生及喬峰林先生；及獨 立非執行董事為姜強先生、甄嘉勝醫生及邱萍女士。 ...

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7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: 卡姆丹克太陽能系統集團有限公司 ("公司") 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 FF301 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 00712 | 說明 | 普通股 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 1,059,923,412 | | 0 | | 1,059,923,412 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 1,059,923,412 | | 0 | | 1,059,923,412 | 第 2 頁 共 ...

Core Viewpoint - The photovoltaic industry is experiencing a significant surge due to the "anti-involution" trend, which aims to eliminate low-price competition and promote high-quality development [1][5][6]. Group 1: Market Performance - On July 8, the A-share photovoltaic sector saw a broad rally, with stocks like Topray Solar and Tongwei Co. hitting the daily limit, while Daqo New Energy and Aiko Solar rose over 10% [1][2]. - The CSI Photovoltaic Industry Index increased by over 5% in a single day, and the photovoltaic ETF funds also saw gains of around 5% [2]. - In the Hong Kong market, the photovoltaic solar energy index rose by 6.17%, with companies like Shunfeng Clean Energy and Sunshine Energy experiencing significant increases of 30.43% and 15.48%, respectively [3][4]. Group 2: Policy and Industry Response - The surge in the photovoltaic sector is largely attributed to recent government initiatives aimed at curbing "involution" in competition, as highlighted by various government meetings and articles advocating for high-quality development [5][6]. - The Ministry of Industry and Information Technology has emphasized the need to eliminate low-price competition and improve product quality within the photovoltaic industry [5]. Group 3: Demand and Supply Dynamics - Domestic demand for photovoltaic installations surged in May 2025, with a record addition of 92.92 GW, marking a 388.03% year-on-year increase [6][8]. - However, the industry is expected to see a significant decline in installation numbers following the rush to secure policy benefits, indicating a potential return to more sustainable levels [6]. - Exports of photovoltaic components have been lackluster, with a 4% year-on-year decline in the first five months of 2025 compared to the previous year [8][10]. Group 4: Material Supply and Pricing - The price of silicon materials, which significantly impacts the photovoltaic industry, is under pressure due to high inventory levels and low demand, with current production capacity nearing its limits [15][17]. - The average price of domestic polysilicon has decreased to 35 yuan per kilogram, reflecting ongoing challenges in the supply chain [19]. - The industry faces difficulties in achieving "anti-involution" primarily at the silicon material level, while other segments like silicon wafers and modules may see easier adjustments through capacity restrictions [20].

Debt Restructuring and Management - The company is actively negotiating a debt settlement plan with Putana Limited, its investment fund creditor, due to the expiration of Putana's investment term and the inability to extend or renew any outstanding debts [1] - The company has introduced strategic investor Pandana Capital Limited to acquire the debts owed to Putana, with Pandana currently in the process of phased debt acquisition [1] - A legal letter from Putana's law firm claims that approximately $3.65 million of debt remains unpaid, hindering the completion of the debt acquisition [1] - The company is exploring various solutions with Pandana, including partial repayment, debt capitalization, and/or extending the maturity of defaulted debts [1][2] Energy Business Initiatives - The company is investing in a new energy project in Fushan, Shanxi Province, focusing on a flywheel-lithium iron phosphate battery hybrid energy storage system, with a total capacity of 150 MW [3] - A feasibility study for the Fushan project is expected to be completed by May 2025, with construction anticipated to begin in the second half of 2025 and completion projected for the first half of 2026 [3] Logistics Business Development - The company is in the process of acquiring Zhilian Cloud, a logistics cloud technology platform in China, to expand revenue sources and enhance profit margins in its logistics business [4] - The acquisition is currently delayed due to internal restructuring at Zhilian Cloud and its affiliated companies, with ongoing discussions between the company, the seller, and Zhilian Cloud to advance the acquisition or explore other collaboration opportunities in smart logistics [4]

Financial Performance - The company reported a significant decline in financial performance for the year ending December 31, 2024, due to a global economic downturn, with a notable decrease in demand for EPC services and energy storage products [10]. - Solar and energy storage revenue decreased by approximately RMB 21,700,000 or 39.5% to about RMB 33,200,000 compared to the same period last year, primarily due to poor performance in lithium battery storage product sales in the second half of the year [21]. - Logistics services revenue increased by 44.7% to approximately RMB 130,000,000, driven by organic growth from breakthroughs with external customers since Q2 2023 [21]. - Gross profit decreased by approximately 44.9% to about RMB 11,300,000, attributed to changes in the relative proportion of different revenue sources [23]. - The company recorded a pre-tax loss of approximately RMB 48,700,000, a decrease of about RMB 86,500,000 compared to a profit of RMB 37,800,000 in the same period last year [31]. Strategic Investments and Future Opportunities - The company anticipates that China's economic transformation and modernization will create new opportunities and significant growth potential in the renewable energy sector [14]. - The board believes that investments in solar and energy storage businesses will support sustainable development and long-term shareholder value [14]. - The company is actively considering further investments in energy storage and renewable energy storage in Northeast China and Shanxi Province [19]. - The company aims to enhance its financial position and cash flow through various strategies, including seeking cooperation with institutional investors and potential mergers and acquisitions [38]. - The company is open to strategic investments that provide satisfactory returns and synergistic opportunities, including a project involving innovative flywheel energy storage technology in collaboration with a state-owned enterprise [51]. Debt Management and Financial Stability - The company completed three subscription agreements in February 2024, raising approximately HKD 8,700,000 (around RMB 8,300,000) to repay debts [12]. - A strategic investor is in the process of acquiring all outstanding debts owed to Putana, which is expected to resolve long-term default issues [13]. - The total cash proceeds from the subscription agreements amounted to approximately RMB 8,700,000, which has been used to fully repay the company's debts and payables [41]. - The company is actively discussing a debt acquisition with a strategic investor to settle outstanding debts owed to Putana, totaling approximately USD 800,000 [39][40]. - The strategic investor has nearly completed the acquisition of all outstanding debts, which will likely resolve long-term default issues with Putana [40]. Cost Management and Operational Efficiency - The company is implementing cost-saving measures to navigate the challenging business environment while ensuring future sustainable growth [10]. - Administrative expenses increased by approximately RMB 1,900,000 or 6.1% to about RMB 32,400,000, primarily due to strict cost control measures [28]. - Research and development expenses decreased by approximately RMB 400,000 or 30.6% to about RMB 800,000, also due to strict cost control measures [29]. - The company has ceased its upstream manufacturing operations, including solar chip production, and is focusing on asset sales to improve capital structure and cash flow [48]. - The company has implemented strict control measures for its operations and investment activities to improve financial stability [179]. Corporate Governance and Compliance - The company has adopted effective corporate governance practices to ensure transparency and accountability to shareholders [138]. - The board consists of six members, including one executive director and three independent non-executive directors, ensuring a diverse skill set and experience [143]. - The independent non-executive directors have confirmed their independence according to Listing Rule 3.13, ensuring that all are independent individuals [148]. - The audit committee, consisting of three independent non-executive directors, reviewed and approved the consolidated financial statements for the year, ensuring compliance with applicable accounting standards [161]. - The company has established multiple channels for independent non-executive directors to express their opinions openly as needed [148]. Environmental, Social, and Governance (ESG) Initiatives - The ESG report covers the company's operations from January 1, 2024, to December 31, 2024, focusing on its solar energy and logistics services in China [191]. - The company has committed to enhancing its ESG performance through continuous review and improvement of its management systems, integrating ESG principles into its operations [192]. - The group aims to reduce operational environmental impact and enhance employee and public environmental awareness as part of its long-term corporate social responsibility vision [196]. - The group is committed to reducing its negative environmental impact and fostering a safe and healthy work environment for employees [198]. - Stakeholder engagement is crucial for understanding their perspectives, expectations, and needs, which influences the effectiveness of ESG-related strategies and policies [197].

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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任 何部份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。 卡姆丹克太陽能系統集團有限公司 Comtec Solar Systems Group Limited 「本公司之股份過戶登記處將於二零二五年六月二十五日（星期三）至二零二五年 六月三十日（星期一）（包括首尾兩日）暫停辦理股份過戶登記手續，在該期間將 不會登記任何股份轉讓。為符合資格出席股東週年大會並於會上表決，所有轉讓 文件連同有關股票務須於二零二五年六月二十四日（星期二）下午四時三十分或 之前，送達本公司之香港股份過戶登記處香港中央證券登記有限公司（地址為香 港灣仔皇后大道東183號合和中心17樓1712-1716號舖）。」 – 1 – 除本公佈所披露者外，二零二四年度業績公佈所載的所有其他資料維持不變。本 公佈為二零二四年度業績公佈之補充，應與二零二四年度業績公佈一併閱讀。 承董事會命 卡姆丹克太陽能系統集團有限公司 主席 張屹 中華人民共和國，上海，二零二五年四月七日 於本公佈日期，執行董事為張屹 ...