Core Viewpoint - Tongfang Ted (01206.HK) reported a significant revenue increase of approximately RMB 665.5 million for the mid-2025 period, representing a 29.8% growth compared to the same period last year, primarily driven by substantial progress in various smart energy projects [1] Financial Performance - The company recorded a loss of approximately RMB 7.7 million in the first half of the year, which is a significant reduction year-on-year [1] - The growth in revenue is attributed to projects with high gross profit margins, contributing to the overall improvement in the company's gross profit [1] Strategic Focus - The company plans to continue focusing on technological innovation to build competitive advantages in a highly competitive market and to consolidate its leading position in the industry [1]

Core Insights - Tongfang Ted (01206) reported a mid-year performance for 2025, with revenue reaching 665 million RMB, representing a year-on-year growth of 29.8% [1] - The company's loss attributable to equity shareholders narrowed to 6.492 million RMB, a decrease of 90.7% compared to the previous year [1] - Basic loss per share was recorded at 0.0083 RMB [1] Financial Performance - Revenue for the period was 665 million RMB, showing a significant increase of 29.8% year-on-year [1] - The gross profit margin for the period was approximately 18.2%, which is an increase of 7.3 percentage points from the same period last year [1] - The substantial growth in gross profit margin is primarily attributed to the high margin levels of contract energy management projects, which enhanced the overall gross margin [1]

[Company Information and Report Overview](index=1&type=section&id=I.%20Company%20Information%20and%20Report%20Overview) This section provides the Hong Kong Stock Exchange disclaimer, the company's name and stock code, and basic information regarding the interim results announcement [Report Declaration and Company Profile](index=1&type=section&id=1.1%20Report%20Declaration%20and%20Company%20Profile) This section includes the Hong Kong Stock Exchange disclaimer, the company name "TECHNOVATOR INTERNATIONAL LIMITED" and its stock code, and basic information about the interim results announcement - The Hong Kong Stock Exchange assumes no responsibility for the content of this announcement, makes no representation, and accepts no liability for any loss[1](index=1&type=chunk) - The company name is TECHNOVATOR INTERNATIONAL LIMITED (同方泰德國際科技有限公司), with stock code: **1206**[2](index=2&type=chunk)[3](index=3&type=chunk) [Interim Results Announcement](index=1&type=section&id=1.2%20Interim%20Results%20Announcement) The Board is pleased to announce the unaudited consolidated interim financial results of the Company and its subsidiaries for the six months ended June 30, 2025, with comparative figures for the corresponding period in 2024, reviewed by the audit committee and external auditor - The announcement covers the unaudited consolidated interim financial results of the Company and its subsidiaries for the six months ended June 30, 2025[4](index=4&type=chunk) - The results have been reviewed by the audit committee, comprising solely independent non-executive directors, and by the Company's external auditor[4](index=4&type=chunk) [Financial Statements](index=2&type=section&id=II.%20Financial%20Statements) This section presents the company's consolidated financial statements, including the statement of profit or loss, comprehensive income, and financial position, reflecting significant improvements in profitability and a stable financial structure [Consolidated Statement of Profit or Loss](index=2&type=section&id=2.1%20Consolidated%20Statement%20of%20Profit%20or%20Loss) For the six months ended June 30, 2025, the company reported significant revenue growth and a substantial increase in gross profit, leading to a considerable reduction in loss for the period despite increased operating expenses Consolidated Statement of Profit or Loss Key Financial Data (RMB thousands) | Indicator | H1 2025 | H1 2024 | Change | | :--- | :--- | :--- | :--- | | Revenue | 665,473 | 512,572 | 29.8% Increase | | Cost of sales | (544,393) | (456,487) | 19.3% Increase | | Gross profit | 121,080 | 56,085 | 115.9% Increase | | Other income | 10,879 | 13,234 | 17.8% Decrease | | Operating loss | (5,725) | (75,247) | 92.4% Decrease | | Finance costs | (5,029) | (4,042) | 24.4% Increase | | Loss before tax | (10,754) | (79,289) | 86.4% Decrease | | Income tax | 3,091 | 7,380 | 58.1% Decrease | | Loss for the period | (7,663) | (71,909) | 89.3% Decrease | | Basic loss per share (RMB) | (0.0083) | (0.0889) | 90.7% Decrease | | Diluted loss per share (RMB) | (0.0083) | (0.0889) | 90.7% Decrease | [Consolidated Statement of Comprehensive Income](index=3&type=section&id=2.2%20Consolidated%20Statement%20of%20Comprehensive%20Income) For the six months ended June 30, 2025, the company's loss for the period was RMB7,663 thousand, resulting in a total comprehensive loss of RMB(7,753) thousand, a significant reduction from the prior year Consolidated Statement of Comprehensive Income Key Data (RMB thousands) | Indicator | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Loss for the period | (7,663) | (71,909) | | Exchange differences on translation of financial statements of overseas subsidiaries | (90) | 82 | | Total comprehensive income for the period | (7,753) | (71,827) | | Total comprehensive income attributable to equity holders of the Company | (6,582) | (69,475) | | Total comprehensive income attributable to non-controlling interests | (1,171) | (2,352) | [Consolidated Statement of Financial Position](index=4&type=section&id=2.3%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the company's total assets and liabilities both decreased, while net assets remained stable, indicating a robust overall financial structure despite a slight decline in net current assets Consolidated Statement of Financial Position Key Data (RMB thousands) | Indicator | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | **Non-current assets** | | | | | Property, plant and equipment | 56,732 | 60,709 | (6.5%) | | Intangible assets | 538,377 | 576,200 | (6.6%) | | Financial assets measured at amortized cost | 376,039 | 500,329 | (24.8%) | | Deferred tax assets | 61,189 | 58,496 | 4.6% | | **Current assets** | | | | | Inventories | 1,365,083 | 1,363,757 | 0.1% | | Contract assets | 937,683 | 987,448 | (5.1%) | | Trade and other receivables | 1,595,172 | 1,687,280 | (5.5%) | | Prepayments | 141,047 | 114,307 | 23.4% | | Bank balances and cash | 101,761 | 344,686 | (70.5%) | | **Current liabilities** | | | | | Trade and other payables | 2,144,299 | 2,400,263 | (10.7%) | | Contract liabilities | 126,999 | 148,360 | (14.4%) | | Loans and borrowings | 269,438 | 308,982 | (12.8%) | | Lease liabilities | 927 | 921 | 0.7% | | Current tax payable | 26,063 | 28,869 | (9.7%) | | **Non-current liabilities** | | | | | Deferred tax liabilities | 3,820 | 3,383 | 13.0% | | Deferred income | 6,406 | 6,580 | (2.7%) | | Loans and borrowings | 36,980 | 38,598 | (4.2%) | | Lease liabilities | 57,228 | – | N/A | | **Equity** | | | | | Net assets | 2,625,213 | 2,632,966 | (0.3%) | | Total equity attributable to equity holders of the Company | 2,607,178 | 2,613,760 | (0.2%) | | Non-controlling interests | 18,035 | 19,206 | (6.1%) | [Notes to the Financial Statements](index=6&type=section&id=III.%20Notes%20to%20the%20Financial%20Statements) This section details the basis of preparation, accounting policies, and specific analyses of revenue, segments, loss before tax, income tax, loss per share, receivables, payables, share capital, and subsequent events [Basis of Preparation and Accounting Policies](index=6&type=section&id=3.1%20Basis%20of%20Preparation%20and%20Accounting%20Policies) The interim financial report is prepared in accordance with the HKEX Listing Rules and HKAS 34, authorized for issue on August 27, 2025, using consistent accounting policies with the 2024 annual financial statements, without early adoption of new standards - The interim financial report is prepared in accordance with the HKEX Listing Rules and HKAS 34, authorized for issue on **August 27, 2025**[12](index=12&type=chunk) - The report adopts the same accounting policies as the 2024 annual financial statements, without applying any new standards or interpretations not yet effective for the current accounting period[12](index=12&type=chunk)[16](index=16&type=chunk) - KPMG has reviewed the interim financial report in accordance with Hong Kong Standard on Review Engagements 2410[14](index=14&type=chunk) [Revenue Analysis](index=7&type=section&id=3.2%20Revenue%20Analysis) The Group primarily provides integrated smart energy-saving services for cities, encompassing smart transportation, smart building and park, and smart energy segments, with total customer contract revenue reaching **RMB665,473 thousand** in H1 2025, a significant increase from the prior year - The Group primarily engages in integrated smart energy-saving services for cities, covering smart transportation, smart building and park, and smart energy segments[17](index=17&type=chunk) Customer Contract Revenue by Service Type (RMB thousands) | Service Type | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Smart Transportation Business Revenue | 93,397 | 93,261 | | Smart

Core Viewpoint - The company, Tongfang Teda (01206.HK), anticipates a loss of approximately RMB 7.5 million to RMB 8.5 million for the six months ending June 30, 2025, a significant reduction from a loss of about RMB 71.9 million in the same period last year [1] Group 1 - The reduction in loss is primarily attributed to significant progress in multiple smart energy projects [1] - These smart energy projects have a high gross margin, which contributes to the overall increase in the company's revenue and gross profit [1]

Core Viewpoint - Tongfang Teda (01206) expects a loss of approximately RMB 7.5 million to RMB 8.5 million for the six months ending June 30, 2025, compared to a loss of approximately RMB 71.9 million for the six months ending June 30, 2024, indicating a reduction in losses due to significant progress in various smart energy projects with high gross margins, which will enhance overall revenue and gross profit [1]. Financial Performance - The anticipated loss for the six months ending June 30, 2025, is projected to be between RMB 7.5 million and RMB 8.5 million [1]. - The loss for the six months ending June 30, 2024, was approximately RMB 71.9 million, indicating a significant improvement in financial performance [1]. Project Development - The reduction in losses is primarily attributed to major implementation progress in multiple smart energy sector projects [1]. - These smart energy projects are characterized by high gross margin levels, contributing positively to the group's overall revenue and gross profit [1].

同方泰德國際科技有限公司* （於 新 加 坡 註 冊 成 立 的 有 限 公 司） （股 份 代 號：1206） 盈利預告 截至二零二五年六月三十日止六個月之估計中期業績 本公佈由同方泰德國際科技有限公司（「本公司」，連 同 其 附 屬 公 司 統 稱「本 集 團」）根據香港聯合交易所有限公司證券上市規則第13.09(2)(a)條及香港法例第 571章證券及期貨條例第XIVA部 項 下 內 幕 消 息 條 文 刊 發。 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。 Technovator TECHNOVATOR INTERNATIONAL LIMITED – 1 – 本 公 司 股 東 及 潛 在 投 資 者 於 買 賣 本 公 司 股 份 時 務 請 審 慎 行 事。 承董事會命 同方泰德國際科技有限公司 主 席 本公司董事會（「董事會」）謹此通知本公司股東（「股 東」）及 潛 在 投 資 ...

Group 1 - The company, Tongfang Teda (01206.HK), has scheduled a board meeting on August 27, 2025, to review and approve its interim results for the six months ending June 30, 2025 [1][2] - The board meeting will also consider the proposal for any interim dividend payment, if applicable [1] - Chan Lai Yin has been appointed as the co-secretary of the company [2]

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。 Technovator TECHNOVATOR INTERNATIONAL LIMITED 同方泰德國際科技有限公司* （於 新 加 坡 註 冊 成 立 的 有 限 公 司） 同方泰德國際科技有限公司（「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二十七日（星 期 三）舉 行 董 事 會 會 議，藉 以（其 中 包 括）審議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中 期 業 績 以 及 其 刊 發，並 考 慮 派 付 任 何 中 期 股 息 的 建 議（如 有）。 承董事會命 同方泰德國際科技有限公司 主 席 李成富 香 港，二 零 二 五 年 八 月 十 五 日 * 僅供識別 於 本 公 佈 日 期，本 公 司 執 行 董 事 為 趙 曉 波 先 生 及 秦 冰 先 生；本 公 司 ...

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: | 同方泰德国际科技有限公司 | | | 呈交日期: | 2025年8月1日 | | | I. 法定/註冊股本變動 不適用 | | | 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) | 01206 | 說明 | 同方泰德国际科技有限公司 | | | | | | | | 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 | | | 782,192,189 | | 0 | | 782,192,189 | | 增加 / 減少 (- ...

Core Insights - The medical insurance claims in 2024 exceeded 86 billion, with an average annual growth rate of 21% over the past decade [1][12][87] - The report highlights significant cases of high claims, including five cases with total payouts exceeding 3 million and eight individuals with over 100 claims [1][21] - The trend of "one-stop" settlement for hospital discharges is gaining traction, with major companies like China Life and Ping An reporting direct payments exceeding 4 billion [1][48] - The age groups most affected by medical claims are 30-50 years and 0-17 years, with a higher incidence of claims among males in the child category [1][55][60] Medical Claims Overview - Medical claims have shown rapid growth, with total payouts reaching 405.2 billion in 2024, a sevenfold increase compared to ten years ago [12][87] - The report includes data from 68 life insurance companies, with 60 companies disclosing medical claims totaling over 86 billion [12][13] - Major insurers like Renmin Health reported over 20 billion in claims, while Ping An Life and Ping An Health reported over 12 billion [13][14] Claim Characteristics - The medical insurance claims are characterized by high frequency and low average payout, with nearly 80% of companies reporting average claims below 3,000 [19][34] - The report emphasizes that while average payouts may seem low, the high frequency of claims reflects the nature of medical insurance as a reimbursement product [19][20] High Payout Cases - Notable cases include individuals receiving over 3 million in claims, with companies like Fude Life, Xinhua Insurance, and AIA reporting multiple high-claim cases [26][30] - The report details that some medical insurance products have guaranteed renewal periods, allowing for cumulative payouts to exceed initial coverage limits [26] Special Drug Payments - In 2024, Ping An Health paid over 19 billion for special drugs, while Taibao Health reported a maximum payout of 1.2 million for CAR-T therapy [36][44] - The introduction of commercial health insurance innovation drug directories in the 2025 medical insurance catalog is expected to enhance coverage for previously excluded innovative drugs [40][41] One-Stop Settlement - The trend of one-stop settlement for medical claims is being adopted by several insurers, with 11 companies reporting direct payment amounts exceeding 12 billion in 2024 [50][51] - Companies like China Life and Ping An Life have reported direct payments exceeding 4 billion, indicating a shift towards more efficient claim processing [51][49] Age and Gender Distribution - The report indicates that the most common age groups for medical claims are 30-50 years and 0-17 years, with a notable prevalence of claims among males in the child category [55][60] - Female claims are generally higher in adult age groups, reflecting greater health awareness and insurance purchasing behavior among women [62][66] Claim Causes - The majority of medical claims are due to diseases, with respiratory infections being the most common reason for claims [72][76] - In contrast, accidental claims are primarily related to animal bites and sprains, highlighting the different nature of claims in medical insurance [81][82]