XINCHEN CHINA POWER HOLDINGS LIMITED 新晨中國動力控股有限公司 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。 本公佈由新晨中國動力控股有限公司（「本公司」）根據香港聯合交易所有限公司證券上市 規則（「上市規則」）第13.51(1)條發出，內容有關對本公司之現行組織章程大綱及細則 （「組織章程大綱及細則」）之建議修訂。 本公司董事（「董事」）會（「董事會」）提議對組織章程大綱及細則作出若干修訂，以其中 包括(i)使其符合無紙化制度（包括但不限於使本公司能夠以混合會議及電子會議的形式舉 行股東大會，並提供電子投票）；(ii)使其遵守最新上市規則（包括有關證券持有人電子指 示、電子支付公司行動款項及電子認購款項的規定）；及(iii)持有及處置本公司庫存股 份。 對組織章程大綱及細則之建議修訂須待本公司股東（「股東」）於本公司建議在二零二六年 六月十七日舉行之應屆股東週年大會（「股東週年大會」）上通過特別決議案後方可作實 ...

Financial Performance - For the fiscal year ending December 31, 2025, the company's revenue was RMB 4,712,300,000, a decrease of 22.5% from RMB 6,082,391,000 in 2024[2] - Gross profit for the same period was RMB 186,037,000, slightly up from RMB 183,557,000, indicating a marginal increase in gross margin[2] - The net profit for the year was RMB 20,157,000, down 47.3% from RMB 38,171,000 in the previous year[2] - The total comprehensive income for the year was RMB 20,193,000, compared to RMB 38,135,000 in 2024, reflecting a significant decline[4] - Basic and diluted earnings per share were RMB 0.016, down from RMB 0.030 in the previous year[4] - The company's pre-tax profit for the year ended December 31, 2025, was RMB 29,407,000, a decrease of 30.5% from RMB 42,378,000 in 2024[29] - The total tax expense for 2025 was RMB 9,250,000, compared to RMB 4,207,000 in 2024, reflecting a significant increase of 120%[29] Assets and Liabilities - Total assets decreased to RMB 3,854,317,000 from RMB 5,477,709,000, a reduction of approximately 29.6%[5] - Current liabilities decreased to RMB 1,849,224,000 from RMB 3,293,002,000, a decline of about 43.8%[6] - The company's net asset value increased slightly to RMB 1,762,807,000 from RMB 1,754,154,000, showing a modest growth[6] - The company reported a net cash position of RMB 272,554,000, significantly up from RMB 85,570,000 in the previous year[5] - Trade receivables decreased to RMB 883,176,000 in 2025 from RMB 2,354,559,000 in 2024, indicating a reduction of 62.5%[34] - The total trade payables and notes payable decreased from RMB 488,870,000 in 2024 to RMB 381,513,000 in 2025, a reduction of approximately 22%[44] - The company has a deferred tax liability of RMB 2,395,000 for 2025, up from RMB 2,048,000 in 2024[28] - The company reported non-current liabilities of RMB 107,800,000 in 2025, down from RMB 149,578,000 in 2024, indicating a reduction of 28%[50] Revenue Breakdown - For the fiscal year ending December 31, 2025, total revenue from external customers reached RMB 4,712,300,000, with gasoline engines contributing RMB 3,811,927,000, diesel engines RMB 135,051,000, and engine parts RMB 765,322,000[16] - The operating profit for the same period was RMB 186,037,000, with gasoline engines generating RMB 84,011,000, diesel engines RMB 8,805,000, and engine parts RMB 93,221,000[16] - For the fiscal year ending December 31, 2024, total revenue from external customers increased to RMB 6,082,391,000, with gasoline engines at RMB 5,281,673,000, diesel engines at RMB 114,640,000, and engine parts at RMB 686,078,000[16] - The engine business revenue decreased by approximately 26.86% from RMB 5.39631 billion in 2024 to RMB 3.94698 billion in 2025, with engine sales dropping from approximately 519,000 units to 383,000 units, a decline of about 26.20%[68] - The engine components segment saw an increase in revenue of approximately 11.55%, rising from RMB 686.08 million in 2024 to RMB 765.32 million in 2025, driven by increased service revenue[69] Cost Management - The company reported a total of RMB 4,495,396,000 in cost of goods sold for 2025, down from RMB 6,191,091,000 in 2024, representing a decline of 27.4%[30] - The total employee costs for 2025 were RMB 138,481,000, a decrease of 5% from RMB 145,763,000 in 2024[30] - Financing costs decreased from RMB 47,749,000 in 2024 to RMB 38,018,000 in 2025[26] - The company has implemented measures to tighten production costs and expenses, as well as seeking feasible financial arrangements to improve liquidity[14] Market Trends and Strategy - The automotive industry in China saw total vehicle sales of approximately 34.4 million units in 2025, marking a year-on-year growth of 9.4%[58] - Sales of new energy vehicles (NEVs) increased by 28.2% year-on-year to 16.49 million units, accounting for approximately 47.9% of total vehicle sales in 2025[58] - The company plans to expand its market presence in the NEV sector, which continues to show significant growth potential[58] - The company is actively seeking strategic partnerships and exploring potential acquisition opportunities to enhance its product portfolio and core competitiveness[67] - The company plans to expand into emerging markets such as Vietnam and the Middle East to adapt to the rapidly changing global automotive industry[67] Corporate Governance and Compliance - The company has adhered to all corporate governance codes and regulations throughout the year ending December 31, 2025[87] - The company has maintained compliance with all relevant laws and regulations concerning health, safety, and environmental standards[83] - The group continues to monitor foreign exchange risks and may consider hedging strategies as necessary[79] Employee and Operational Changes - The group employed approximately 957 employees as of December 31, 2025, down from about 1,002 employees as of December 31, 2024, with annual employee costs around RMB 138.48 million, compared to RMB 145.76 million in the previous year[80] - The company did not recommend the distribution of dividends for the year ended December 31, 2025[31] - The board does not recommend the payment of a final dividend for the year ending December 31, 2025, compared to HKD 0.97 per share for the previous year[84] Acquisitions and Investments - The company completed an acquisition of a subsidiary, acquiring 53% of Zhonghang Lantian Equipment Manufacturing Co., Ltd. for a maximum price of RMB 183,100,000, including a contingent payment of RMB 98,200,000[56] - The capital expenditure related to investments in subsidiaries was RMB 84,865,000 in 2025, compared to no expenditure in 2024[55] - The group has a capital commitment of approximately RMB 47.87 million as of December 31, 2025, an increase from RMB 125.49 million as of December 31, 2024, with contracted capital commitments of RMB 94.73 million related to acquisitions and new engine development[82]

（於開曼群島註冊成立的有限公司） （股份代號：1148） 董事會會議通知 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。 XINCHEN CHINA POWER HOLDINGS LIMITED 新晨中國動力控股有限公司 新晨中國動力控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，將於二零二六年 三月二十六日（星期四）在香港中環美利道2號The Henderson 33樓3303室舉行董事會會 議，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十二月三十一日止 年度之經審核綜合財務業績及考慮派付末期股息（如有）。 承董事會命 新晨中國動力控股有限公司 主席 張巍 香港，二零二六年三月十六日 於本公佈日期，董事會成員包括兩位執行董事：張巍先生（主席）及鄧晗先生（行政總 裁）；一位非執行董事：楊明先生；以及三位獨立非執行董事：池國華先生、王隽先生及 董艷女士。 ...

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。 XINCHEN CHINA POWER HOLDINGS LIMITED 新晨中國動力控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1148） –1– 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者，基於 本集團管理層對本集團未經審核綜合管理賬目之初步審閱，本公司預期將錄得截至二零 二五年十二月三十一日止年度之權益股東應佔溢利不超過人民幣21.0百萬元，較截至二 零二四年十二月三十一日止年度減少約45.0%。有關減少主要由於截至二零二四年十二月 三十一日止年度所錄得之減值虧損撥回大幅減少約人民幣88.2百萬元所致。相較之下， 預期截至二零二五年十二月三十一日止年度將無重大減值虧損撥回。儘管本集團於期內 錄得較低的營運開支，有關改善仍不足以抵銷過往年度所錄得之重大一次性撥回貢獻之 缺失。 本公司仍在落實本集團截至二零二五年十二月三十一日止年度之年度業績，並正 ...

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: 新晨中國動力控股有限公司 呈交日期: 2026年3月2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) | 01148 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 8,000,000,000 | HKD | | 0.01 HKD | | 80,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 8,000,000,000 | HKD | | 0.01 HKD | | 80,000,000 | 本月底法定/註冊股本總額： HKD 80,0 ...

Group 1 - The core point of the article is that Xinchen Power Machinery (Shenyang) Co., Ltd. has obtained a patent for a "lateral fine-tuning mechanism for crankshaft grinding positioning," with the authorization announcement number CN121374326B and an application date of December 2025 [1] - Xinchen Power Machinery (Shenyang) Co., Ltd. was established in 2008 and is located in Shenyang City, primarily engaged in the pipeline transportation industry [1] - The company has a registered capital of 483 million RMB and has participated in six bidding projects, holds 47 patent information, and possesses 11 administrative licenses according to data analysis from Tianyancha [1]

致：香港交易及結算所有限公司 公司名稱: 新晨中國動力控股有限公司 呈交日期: 2026年2月2日 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 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) | 01148 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 8,000,000,000 | HKD | | 0.01 HKD | | 80,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 8,000,000,000 | HKD | | 0.01 HKD | | 80,000,000 | 本月底法定/註冊股本總額： HKD 80,0 ...

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。 XINCHEN CHINA POWER HOLDINGS LIMITED 新晨中國動力控股有限公 司 （於開曼群島註冊成立的有限公 司） （股份代 號：1148） 於二零二六年一月二十日舉行之 股東特別大會投票表決結果 董 事 會 欣 然 宣 佈，於 股 東 特 別 大 會 上 提 呈 之 普 通 決 議 案 已 獲 出 席 股 東 特 別 大 會 並 於 會 上 表 決 之 股 東 以 投 票 表 決 方 式 正 式 通 過。 1 有 關 在 股 東 特 別 大 會 上 提 呈 之 普 通 決 議 案 之 投 票 表 決 結 果 詳 情 列 載 如 下： | | 於股東特別大會上提呈之普通決議案 | 贊 成 票 數 (%) | 反 對 票 數 (%) | 總票數 | | --- | --- | --- | --- | --- | | ( a) | ...

Core Viewpoint - New Morning Power (01148.HK) announced a strategic acquisition plan to acquire 53% of AVIC Lantian Equipment Manufacturing Co., Ltd. for up to 147 million yuan, with an additional investment of 5 million USD (approximately 36 million yuan), totaling about 183 million yuan, aiming to enhance its market presence in non-road vehicles [1][8] Group 1: Acquisition Details - The acquisition will result in New Morning Power holding approximately 60% of AVIC Lantian, making it an indirect non-wholly-owned subsidiary [1][8] - The transaction is subject to several conditions, including due diligence completion and internal approvals, with a final deadline of June 30, 2026 [12] Group 2: Financial Concerns - AVIC Lantian reported net losses of 18.872 million yuan and 23.413 million yuan for 2023 and 2024, respectively, raising concerns about its operational capabilities [2][9] - The acquisition lacks any performance commitment from the original shareholders, meaning New Morning Power will bear the risk of turning around AVIC Lantian's financial performance [2][9] Group 3: Strategic Rationale - The acquisition aims to diversify New Morning Power's business, which primarily focuses on passenger and light commercial vehicle engines, by integrating AVIC Lantian's complementary product lines in special equipment and industrial robotics [3][10] - This move aligns with New Morning Power's long-term strategy to transition towards new energy power systems, especially as the traditional engine market slows down [3][10] Group 4: Market Challenges - The transaction faces three main challenges: the pressure to achieve profitability for AVIC Lantian, integration risks due to geographical and cultural differences, and the cyclical nature of the special vehicle and mining machinery market [4][11] - New Morning Power's revenue growth of 13.88% and 7.06% for 2024 and the first half of 2025 is overshadowed by declining net profits of 7.06% and 25.46%, indicating potential financial strain [4][11] Group 5: Government Support - The collaboration is viewed as a model for "Sichuan-Jin Industry Collaboration," with local government support expected to facilitate the integration process [3][10]

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: 新晨中國動力控股有限公司 呈交日期: 2026年1月5日 本月底法定/註冊股本總額： HKD 80,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 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) | 01148 | 說明 | | | | | | | | | 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 | | | 1,282,211,794 | | 0 | | 1,282,211,794 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 1,282,211,794 | | 0 | | ...