Financial Performance - The company's revenue for the year ended December 31, 2025, was RMB 155,120,000, a decrease of 38.7% compared to RMB 253,514,000 in 2024[3] - The gross loss for the year was RMB 2,353,000, compared to a gross profit of RMB 32,934,000 in the previous year[3] - The total comprehensive loss attributable to the owners of the company for the year was RMB 307,934,000, up from RMB 277,407,000 in 2024, indicating a 11.1% increase in losses[3] - The company reported a basic and diluted loss per share of RMB 16.763, compared to RMB 15.294 in the previous year, indicating a worsening in per-share performance[3] - The group's loss before tax for the year ended December 31, 2025, was approximately RMB 307.93 million, compared to RMB 277.41 million for 2024, indicating an increase in losses of about 11%[28] - The net loss for the year ended December 31, 2025, was approximately RMB 30,790,000, compared to a net loss of RMB 27,740,000 in 2024[42] Assets and Liabilities - The company's total assets decreased to RMB 302,864,000 from RMB 418,537,000, a decline of 27.6%[4] - Current liabilities increased to RMB 299,741,000 from RMB 277,644,000, representing a rise of 7.9%[4] - The net current liabilities position was RMB 55,558,000, compared to a net current asset position of RMB 91,245,000 in 2024[4] - The group's accounts receivable from trade decreased to RMB 80.48 million in 2025 from RMB 144.30 million in 2024, a decline of about 44%[34] - The group's accounts payable decreased to RMB 54.14 million in 2025 from RMB 71.89 million in 2024, indicating a reduction of approximately 25%[35] - The group's investment properties' fair value decreased to RMB 65.93 million in 2025 from RMB 66.42 million in 2024, a decline of about 0.74%[30] Revenue Segments - For the fiscal year ending December 31, 2025, total revenue from the segments was RMB 155,120,000, with a notable contribution from the OEM segment at RMB 137,935,000[19] - The graphene products segment reported a profit of RMB 972,000, while the photovoltaic products segment incurred a loss of RMB 90,283,000, leading to a total segment loss of RMB 88,609,000[19] - OEM business revenue fell by approximately 33.1% to about RMB 137,935,000 in 2025 from RMB 206,218,000 in 2024, impacted by changes in U.S. import tariffs and competitive pricing pressures[46] - Revenue from photovoltaic products dropped by approximately 73.3% to about RMB 10,293,000 in 2025 from RMB 38,576,000 in 2024, due to a transition in manufacturing processes[42] Costs and Expenses - Research and development costs decreased to RMB 41,295,000 from RMB 60,226,000, reflecting a reduction of 31.4%[3] - Financing costs for the company amounted to RMB 9,663,000 in 2025, an increase from RMB 8,139,000 in 2024[23] - The company incurred general and administrative expenses of approximately RMB 23,840,000 for the year, including non-cash stock-based compensation of RMB 13,690,000[42] - Selling and distribution expenses fell by approximately 33.2% to about RMB 16.9 million, accounting for about 10.9% of total revenue, down from 10.0% in 2024[48] - General and administrative expenses increased by approximately 7.6% to about RMB 23.84 million, up from RMB 22.16 million in 2024, mainly due to stock-based compensation rising to about RMB 13.69 million[49] - The cost of sold inventory decreased to RMB 157.47 million in 2025 from RMB 220.58 million in 2024, representing a reduction of approximately 29%[24] Financial Resources and Support - The company has sufficient financial resources to support its operations for at least the next twelve months, despite the significant uncertainties regarding its ability to continue as a going concern[8][9] - The company has received a standby loan of RMB 70,000,000 from a wholly-owned subsidiary, ensuring sufficient funds to meet its financial obligations for the next twelve months without significant operational cuts[11] - The company plans to seek additional financial support, including loans and the issuance of new equity or debt securities[11] - The company reported a significant increase in uncollateralized shareholder loans to approximately RMB 27,034,000 in 2025, up from RMB 0 in 2024[37] - The company's leverage ratio increased to 123.9% from 80.7% in 2024, primarily due to an increase in shareholder loans[51] Corporate Governance and Future Plans - The company is focusing on enhancing corporate governance practices to support effective management and shareholder value growth[63] - The company plans to establish a subsidiary for silver-copper paste and insulating ink business by 2026, leveraging lower production costs due to HBC technology[62] - The company has initiated HBC technology cooperation with major firms, aiming for a production capacity of approximately 20 GW by 2026[61] - The company has established strategic partnerships with leading photovoltaic firms to enhance market penetration and technology adoption[61] - The expected unutilized net proceeds will be used by December 31, 2026, for various strategic initiatives[60] Share Capital and Dividends - The company’s total issued and paid-up share capital as of December 31, 2025, was RMB 128,670,000, reflecting an increase from RMB 120,790,000 in 2024[38] - The group has not proposed any dividends for the years ended December 31, 2025, and 2024[27] - The company has not proposed a final dividend for the fiscal year ending December 31, 2025[69] Audit and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the financial results for the year ending December 31, 2025[66] - The company is currently evaluating the impact of the new International Financial Reporting Standards on its consolidated financial statements[14] - The company has not adopted the revised International Financial Reporting Standards that are yet to come into effect, which may affect future financial reporting[12] - The company has not engaged in the purchase, sale, or redemption of its listed securities during the fiscal year ending December 31, 2025[68]

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，概不就因本公佈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。 （股份代號：1121） GOLDEN SOLAR NEW ENERGY TECHNOLOGY HOLDINGS LIMITED 董事會會議通告 金陽新能源科技控股有限公司 （於開曼群島註冊成立的有限公司） 金陽新能源科技控股有限公司（「本公司」）之董事（「董事」）會（「董事會」）謹此宣佈，本公司將於二 零二六年三月三十一日（星期二）舉行董事會會議，其中議程包括考慮及批准本公司及其附屬公司 截至二零二五年十二月三十一日止年度之全年業績及有關之公告，考慮及批准宣派末期股息（如 有），以及其他事項。 代表董事會 金陽新能源科技控股有限公司 主席 康莊 香港，二零二六年三月十八日 截至本公佈日期，執行董事為康莊先生及鄭景東先生；非執行董事為林煒歡女士；及獨立非執行 董事為張保平博士、陳少華先生及趙金保教授。 ...

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: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 金陽新能源科技控股有限公司 呈交日期: 2026年3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) | 01121 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.01 USD | | 50,000,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 5,000,000,000 | USD | | 0.01 USD | | 50,000,000 | 本月底法定/註冊股本總額： USD 50, ...

Group 1 - Hong Kong Stock Exchange data shows that on February 4, shareholders of Jinyang New Energy (01121) deposited stocks into Huafu International Securities, with a market value of HKD 338 million, accounting for 12.12% [1] - Jinyang New Energy reported a revenue of approximately HKD 254 million for the year 2024, with a net loss of about HKD 277 million, narrowing by 15% year-on-year [1] - The loss per share for Jinyang New Energy is 15.294 cents [1]

Group 1 - The core viewpoint of the article highlights that Jinyang New Energy (01121) has seen its shareholders deposit stocks into Huafu International Securities, with a market value of HKD 338 million, representing 12.12% of the total [1] - Jinyang New Energy reported a revenue of approximately HKD 254 million for the year 2024, with a net loss of about HKD 277 million, which is a 15% year-on-year reduction [1] - The company recorded a loss per share of 15.294 cents [1]

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: 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: 金陽新能源科技控股有限公司 呈交日期: 2026年2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) | 01121 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.01 USD | | 50,000,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 5,000,000,000 | USD | | 0.01 USD | | 50,000,000 | 本月底法定/註冊股本總額： USD 50, ...

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: 金陽新能源科技控股有限公司 呈交日期: 2026年1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) | 01121 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.01 USD | | 50,000,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 5,000,000,000 | USD | | 0.01 USD | | 50,000,000 | 本月底法定/註冊股本總額： USD 50 ...

Group 1 - The core point of the article is the appointment of Lin Weihuan as a member of the nomination committee of Jinyang New Energy, effective from December 22, 2025 [1] - Following this change, the nomination committee will consist of four members: Zhao Jinbao (Chairman), Chen Shaohua, Zhang Baoping, and Lin Weihuan [1]

Group 1 - The company, Jinyang New Energy (01121), announced the appointment of Ms. Lin Weihuan as a member of its nomination committee, effective from December 22, 2025 [1]

Core Viewpoint - Jinyang New Energy (01121) announced the appointment of non-executive director Lin Weihuan as a member of the company's nomination committee, effective from December 22, 2025 [1] Company Summary - The appointment of Lin Weihuan is part of the company's governance structure, enhancing its nomination committee [1]