格隆汇8月29日丨理士国际(00842.HK)公布中期业绩，2025年上半年，公司营业额为人民币84.38亿元， 同比增长11.9%；毛利为人民币8.64亿元，同比减少18.6%；母公司拥有人应占溢利为人民币9370万元， 同比减少61.7%，每股基本盈利人民币0.07元。 集团的毛利下降18.6%至期内的人民币864.4百万元。整体毛利率由14.1%下降至期内的10.2%。电源解决 方案业务毛利率下降主要由于美国进口关税问题导致流失带来较高利润的客户，而回收铅业务毛利率下 降则主要由于废电池成本持续上涨。此外，墨西哥厂房投入生产时间由2025年第二季推迟至第四季，导 致本地化生产以缓解关税相关成本压力预期带来的效益被延后。 报告期，集团收益增加11.9%至人民币84.38亿元，其中集团来自电源解决方案业务的收益增加8.1%至人 民币73.49亿元，而集团来自回收铅业务的收益增加46.4%至人民币10.90亿元。 ...

理士国际(00842)发布截至2025年6月30日止6个月中期业绩，集团收益人民币84.38亿元，同比增长 11.87%;股东应占溢利9374.1万元，同比减少61.71%;每股盈利0.07元。 ...

智通财经APP讯，理士国际(00842)发布截至2025年6月30日止6个月中期业绩，集团收益人民币84.38亿 元，同比增长11.87%;股东应占溢利9374.1万元，同比减少61.71%;每股盈利0.07元。 ...

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，概不就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。 Leoch International Technology Limited 理士國際技術有限公司 （於開曼群島註冊成立的有限公司） （股份代號：842） 截至二零二五年六月三十日止六個月 中期業績公告 財務摘要 | | 截至六月三十日止六個月 | | | | --- | --- | --- | --- | | | 二零二五年 | 二零二四年 | | | | 人民幣百萬元 | 人民幣百萬元 | 變動 | | 營業額 | 8,438.4 | 7,542.9 | +11.9% | | 毛利 | 864.4 | 1,061.8 | -18.6% | | 期內溢利 | 69.5 | 241.7 | -71.3% | | 母公司擁有人應佔溢利 | 93.7 | 244.8 | -61.7% | | （人民幣元） 每股基本盈利 | 0.07 | 0.18 | | | （港仙） 建議每股中期股息 | 無 | 4 | ...

理士國際技術有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於二零 二五年八月二十九日（星期五）舉行董事會會議，藉以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之未經審核的中期業績，未經審核的中期業 績公告及中期股息（如適用）之派付，並處理其他事宜。 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之任何損失承擔任何責任。 Leoch International Technology Limited 理士國際技術有限公司 （於開曼群島註冊成立的有限公司） （股份代號：842） (I)董事會會議召開日期；及 (II)截至二零二四年十二月三十一日止年度的年報補充公告 董李博士 香港，2025年8月15日 於本公告日期，執行董事為董李博士及洪渝女士；及獨立非執行董事為曹亦雄 先生、劉智傑先生及盧志強先生。 茲提述本公司於二零二五年四月二十三日刊發了截至二零二四年十二月三十一日 止年度的年報，董事會謹此補充在截至二零二四年十二月三十一日止財政年度內， 緊 ...

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，概不就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。 Leoch International Technology Limited 理士國際技術有限公司 （於開曼群島註冊成立的有限公司） （股份代號：842） 持續關連交易︰ 生產設施主購買協議 茲提述本公司日期為二零二四年十二月十二日的公告，內容有關購買生產設施的 二零二四年購買協議。 本集團於過往訂立二零二四年購買協議，以向廣東瑪西爾（一間由深圳瑪西爾全 資擁有的公司，而深圳瑪西爾則由董博士及其胞兄間接擁有約98.55%權益）採購若 干生產設施。鑑於本集團業務營運持續增長，加上本集團有意於境內及境外興建 工廠，需要額外的生產設施以滿足營運所需，董事會認為，與董博士訂立框架協議 而非再訂立一份一次過購買協議，確保以具競爭力的條款獲得穩定的生產設施供 應，符合商業利益。 由於上市規則項下根據(i)主購買協議年度上限最高金額；及(ii)二零二四年購買協 議與主購買協議按合併基準計算的最高適用百分比率（僅就截至 ...

FF301 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: 理士國際技術有限公司 （於開曼群島註冊成立的有限公司） 呈交日期: 2025年8月6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) | 00842 | 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 | ...

Investment Rating - The report maintains a "Buy" rating for the electric power equipment and new energy industry [1] Core Insights - The lithium battery sector is experiencing a significant increase in sales for electric vehicles and energy storage, with lithium carbonate prices declining by 4.8% to 70,000 yuan per ton [1][5] - In March 2025, domestic wholesale sales of new energy passenger vehicles reached 1.13 million units, a year-on-year increase of 35.5% [1][20] - The transition from lead-acid to lithium batteries in the start-stop battery market is becoming clearer, driven by performance improvements and cost reductions in sodium batteries [3][12] Summary by Sections Monthly Insights - In April 2025, the lithium battery-related sectors, except for new energy vehicles, experienced varying degrees of decline, with significant drops in the phosphate iron lithium positive electrode and lithium battery copper foil sectors [2] - The monthly transaction volume for most sectors decreased significantly, while the new energy vehicle sector saw a slight increase in transaction volume [2] Research Topic - The start-stop battery market is in a growth phase, with lead-acid batteries currently dominating but facing competition from lithium and sodium batteries [3][12] - The market for start-stop batteries is expected to grow significantly, with a projected compound annual growth rate of 14.5% from 2024 to 2032 [14] Industry Insights - In March 2025, new energy vehicle sales in China and Europe were strong, with sales of 1.128 million and 304,000 units respectively, reflecting a year-on-year increase of 36% and 26% [4][20] - Energy storage installations in China and the US saw significant growth, with domestic installations reaching 3.4 GWh in March, a year-on-year increase of 57% [24][27] Lithium Battery Production Tracking - In May 2025, lithium battery production is expected to fluctuate between -5% and 13% month-on-month, with year-on-year growth ranging from -1% to 41% [5][30] - The report indicates that the lithium battery sector is entering a seasonal low period, with production adjustments anticipated [30] Investment Recommendations - The report suggests that the lithium battery sector is poised for a BETA-level market driven by both industry demand and technological advancements, recommending key players such as CATL and EVE Energy [6][39]

Financial Performance - For the year ended December 31, 2024, the Group's revenue was approximately RMB 16,126.5 million, representing a 19.7% increase from RMB 13,471.2 million in 2023[14]. - The gross profit for the same period was RMB 2,266.8 million, up by 16.6% compared to RMB 1,943.7 million in 2023[14]. - Profit attributable to owners of the parent was approximately RMB 566.4 million, a slight increase of 5.8% from RMB 535.4 million in 2023[14]. - The Group's profit for the year was RMB 563.5 million, which reflects a decrease of 0.8% from RMB 567.8 million in 2023[14]. - Basic earnings per share increased to RMB 0.41 in 2024 from RMB 0.39 in 2023, based on a weighted average of 1,373,897,419 shares[16]. - The financial highlights indicate a strong performance in revenue growth, despite a slight decline in overall profit for the year[16]. Dividends - The Board recommended a final dividend of 7 HK cents per share for the year ended December 31, 2024, consistent with the previous year[17]. - An interim dividend of 4 HK cents per share was declared and paid during the year[17]. - The Group continues to maintain a stable dividend policy, reflecting its commitment to returning value to shareholders[17]. Revenue Growth by Segment - Leoch achieved RMB16.1 billion in revenue for 2024, a 19.7% increase from 2023, driven by diversified product offerings and expanded sales channels[22]. - SLI Batteries revenue surged 60.9% to RMB5.9 billion, supported by the rising adoption of AGM and EFB technologies in start-stop systems[27]. - Data Centre and Network Batteries revenue grew 9% to RMB6.9 billion, driven by sustained demand for data center and telecom solutions[31]. - Motive Power Batteries revenue increased by 19.2% to RMB1.4 billion, fueled by trends in e-commerce logistics and industrial automation[31]. - EMEA region revenue increased by 42.3%, demonstrating strong performance across multiple segments[33]. - Americas region achieved growth of 20.1%, primarily driven by expanding demand for Energy Storage Systems (ESS)[33]. Market Trends and Strategic Initiatives - The company is well-positioned to capitalize on trends in renewable energy storage and electric vehicles, leveraging its diversified portfolio[26]. - AGM and EFB technology offerings were significantly expanded to align with the automotive industry's transition towards electrification[37]. - The acquisition of Yuasa Battery (Guangdong) strengthened aftermarket distribution channels for the Group[38]. - Rising shipping costs and reduced tax incentives in China pose significant challenges for 2024, prompting the company to optimize operations and diversify raw material sources[42]. - A strategic spin-off of Leoch Energy Inc. is planned for February 2025 to unlock value and enhance focus on regional growth opportunities[49]. Research and Development - The company plans to enhance its development of Battery Management Systems (BMS), Energy Storage Systems (ESS), and AI-driven Energy Management Systems (EMS) by 2025[43]. - The company plans to increase R&D investment to improve performance indicators of core products, including high-power lead-acid batteries and high-density lithium-ion energy storage systems[107]. - The company aims to develop energy management systems that integrate artificial intelligence for improved efficiency and safety in lithium battery projects[133]. Challenges and Operational Efficiency - Challenges in the recycling business included the removal of government incentives, impacting profitability and cash flow for reinvestment[73]. - The Group plans to enhance operational efficiency through digital means and optimize cost structure while incorporating sustainable development goals into strategic planning[138]. - The Group's manufacturing network will cover China, Southeast Asia, South Asia, and North America to ensure supply chain resilience and delivery efficiency[137]. Financial Position and Assets - Trade receivables increased by 14.1% to RMB 3,704.3 million, reflecting higher sales volumes[179]. - Inventories rose by 22.4% to RMB 3,365.2 million, driven by strong demand in the power solutions business and the acquisition of a subsidiary[174]. - The Group's net current assets increased to RMB 1,296.2 million as of December 31, 2024, from RMB 1,160.7 million in 2023, with cash and bank deposits decreasing to RMB 1,406.0 million from RMB 2,529.1 million[187]. - Bank borrowings increased to RMB 5,121.5 million as of December 31, 2024, compared to RMB 4,457.4 million in 2023, with all borrowings being interest-bearing[187]. - The Group's gearing ratio rose to 35.3% as of December 31, 2024, up from 31.6% in 2023, calculated by dividing total borrowings by total assets[191]. Future Outlook - The Group expects to achieve double-digit revenue and profit growth by 2025, further consolidating its leading position in the global energy solution provider field[138]. - The global data center market size is expected to exceed USD 300 billion by 2025, with an average annual growth rate of over 15%[107]. - The lithium-ion battery market is expected to surpass USD 400 billion by 2030, with a CAGR of 25%-30% in the energy storage sector and 20%-25% in the automotive battery sector[110]. - The global energy storage market is forecasted to exceed USD 500 billion by 2025, with lithium-ion systems accounting for over 80% of the market share[111].

Summary of the Conference Call Company Overview - The conference call focused on the 2024 annual performance highlights and development strategies of Li Shi International, a leading provider of energy solutions globally, particularly in the lithium battery market [1][2]. Industry and Market Position - Li Shi International entered the global lithium battery market in 2020 and has expanded its production capacity through acquisitions and new factories in Mexico [2]. - The company is the largest provider of communication backup batteries in China, with 40% of its revenue coming from overseas markets [2]. - Li Shi has a global presence with 21 factories and 65 sales companies covering over 150 countries [2]. Financial Performance - In 2024, Li Shi International's revenue reached 16.13 billion RMB, a 19.7% increase from 13.47 billion RMB in 2023 [8]. - The power solutions segment generated 14.5 billion RMB, up 26.7% year-over-year [8]. - The gross profit margin for 2024 was 14.1%, a slight decrease of 0.3 percentage points from the previous year [9]. Business Segments - The main business segments include: - Network batteries: 42.5% of revenue, down from 46.6% year-over-year [3]. - Automotive start-stop batteries: 36.8% of revenue, up from 27.4% year-over-year [3]. - The company has established long-term relationships with major clients in data centers, telecommunications, and automotive sectors [5][6]. Growth Drivers - The company identified three growth engines: 1. **Lead-acid battery business**: Focus on high-margin aftermarket channels [14]. 2. **Lithium battery systems**: Expected to grow significantly, with the market projected to reach 290 billion RMB by 2030 [16]. 3. **Energy management systems**: Development of smart systems to enhance energy efficiency [17]. Market Trends and Opportunities - The demand for data center batteries is expected to surge, with projections indicating a 160% increase in power demand by 2032 [14]. - Li Shi holds a 22% market share in China's communication backup battery market and has partnerships with nine of the top ten global telecom companies [15]. - The aftermarket for automotive batteries is anticipated to grow significantly, with a current market ratio of 70% OEM and 30% aftermarket [15]. Challenges and Risks - The company faces challenges related to rising interest expenses due to loans taken for expansion [30]. - The gross profit margin is affected by fluctuations in raw material prices and transportation costs [46]. Future Outlook - Li Shi plans to increase production capacity by 30% by the end of 2024, with a focus on data center batteries [22]. - The company aims to maintain a stable dividend policy, with a payout ratio of 25.4% for 2024 [9][13]. - The management is optimistic about achieving a profit growth rate that exceeds sales growth in 2025 [19]. Conclusion - Li Shi International is well-positioned in the energy solutions market, with a robust growth strategy focused on expanding its lithium battery and energy management systems while maintaining strong relationships with key clients across various sectors [1][2][14].