Financial Performance - Revenue for the year ended December 31, 2025, increased to RMB 140,000 thousand, up 22.6% from RMB 114,231 thousand in 2024[2] - Gross profit for the same period was RMB 26,300 thousand, a decrease of 14.5% compared to RMB 30,652 thousand in 2024[2] - Operating profit for the year was RMB 13,061 thousand, a significant recovery from an operating loss of RMB 36,758 thousand in 2024[2] - Net profit for the year reached RMB 10,641 thousand, compared to a net loss of RMB 40,928 thousand in the previous year[3] - Total comprehensive income for the year was RMB 13,709 thousand, recovering from a loss of RMB 43,420 thousand in 2024[4] - The company reported a net profit of RMB 10.641 million for the year ended December 31, 2025, compared to a loss of RMB 40.928 million in 2024, indicating a turnaround in profitability[16] - The company achieved a profit attributable to shareholders of RMB 12,909,000, a turnaround from a loss of RMB 24,418,000 in the previous year, primarily due to the recovery of previously impaired assets totaling approximately RMB 13,301,000[39] - The group recorded a net financing expense of RMB 2,522,000, a decrease of 54.58% compared to RMB 5,553,000 in the same period last year, due to a reduction in solar power station loan principal and lower interest rates[52] Assets and Liabilities - Non-current assets decreased to RMB 362,530 thousand from RMB 403,534 thousand in 2024, primarily due to a reduction in property, plant, and equipment[5] - Current assets increased slightly to RMB 671,562 thousand from RMB 665,114 thousand in 2024, with cash and cash equivalents rising to RMB 88,330 thousand[5] - Total liabilities decreased to RMB 212,390 thousand from RMB 260,655 thousand in 2024, reflecting improved financial health[6] - The company's equity attributable to owners increased to RMB 837,172 thousand from RMB 821,195 thousand in 2024[6] - Total assets for the reporting segments amounted to RMB 1,034.092 million as of December 31, 2025, compared to RMB 1,068.648 million in 2024, showing a slight decrease[17] - The group’s external borrowings as of December 31, 2025, were RMB 105,300,000, down from RMB 133,600,000 the previous year, secured by the future receivables of solar power station machinery[56] Revenue Segments - The sales of public construction services contributed RMB 59.705 million in 2025, significantly up from RMB 28.725 million in 2024, marking an increase of 108%[13] - The smart energy services segment generated RMB 26.255 million in revenue for 2025, compared to RMB 23.607 million in 2024, reflecting a growth of 11.2%[13] - The smart energy business generated revenue of approximately RMB 80,295,000, a decrease of about 6.09% compared to the same period last year, primarily due to lower power generation revenue[42] - The public construction business brought in revenue of approximately RMB 59,705,000, an increase from RMB 28,725,000 in the same period last year, with a profit of RMB 3,073,000 compared to a loss of RMB 279,000 last year[43] Expenses and Impairments - In 2025, the total expenses for sales costs, sales and distribution expenses, administrative expenses, and impairment losses on non-financial assets amounted to RMB 137,608,000, a slight increase from RMB 133,954,000 in 2024, representing a growth of approximately 2%[18] - The impairment loss on non-financial assets significantly decreased from RMB 33,322,000 in 2024 to RMB 8,981,000 in 2025, indicating a reduction of about 73%[18] - The group reported a net impairment loss on non-financial assets of approximately RMB 8,981,000, a significant decrease from RMB 33,322,000 in the same period last year[49] Trade Receivables - Trade receivables total amount for 2025 is RMB 445,789,000, a decrease of 5.75% from RMB 472,896,000 in 2024[29] - The total trade receivables after deducting loss provisions for 2025 is RMB 199,679,000, down from RMB 220,430,000 in 2024, representing a decline of 9.36%[29] - The expected loss provision for trade receivables in 2025 totals RMB 177,560,000, compared to RMB 180,438,000 in 2024, indicating a reduction of 1.04%[31] - The expected loss provision for trade and other receivables decreased to RMB 246,667,000 in 2025 from RMB 253,023,000 in 2024, with a reduction in trade receivables provision by RMB 833,000[35] Cash Flow and Financing - Cash and cash equivalents as of December 31, 2025, amounted to approximately RMB 285,679,000, an increase from RMB 221,468,000 the previous year, primarily due to operating surplus and recovery of historical debts[54] - The total current assets were approximately RMB 671,562,000, with a current ratio of 6.70, up from 5.47 the previous year, driven by an increase in cash and cash equivalents[55] - The company’s interest income from loans provided to third parties was recorded at commercial rates, contributing to financing income[24] Future Outlook and Strategy - The company continues to focus on smart energy and public construction businesses, with plans for future market expansion and product development[7] - The group expects the Chinese photovoltaic industry to enter a new phase of quality improvement and stable development by 2026, with anticipated new installations of 180-240 GW[44] - The group aims to maintain a focus on safety, stability, and efficiency, avoiding blind expansion while enhancing the operational quality of existing power stations[45] Governance and Compliance - The audit committee, composed of three independent non-executive directors, reviewed the consolidated financial statements for the year ending December 31, 2025[74] - The company has adopted the standard code of conduct for securities trading as per the listing rules[70]

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之內容概不負責，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 因倚賴該等內容而引致之任何損失承擔任何責任。 承董事會命 鑫達投資控股有限公司 主席 魏強 河北，二零二六年三月十六日 於本公告日期，執行董事為魏強先生、鄒燕紅女士；以及獨立非執行董事為韓秦春博士、黃翼忠先生及 馮志東先生。 XINDA INVESTMENT HOLDINGS LIMITED 鑫達投資控股有限公司 （於開曼群島註冊成立的有限公司） (股份代號：1281) 董事會會議通告 鑫達投資控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣 佈，本公司將於二零二六年三月二十七日（星期五）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的業績及 其發佈，並考慮派發末期股息（如有）。 ...

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。 XINDA INVESTMENT HOLDINGS LIMITED 正面盈利預告 本公司股東及有意投資者於買賣本公司股份時，務請審慎行事。 本公告乃由鑫達投資控股有限公司（「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（「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 部項下的內幕消息條文（定義見上市規則）作出。 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」）及有意投資者， 根據本集團截至二零二五年十二月三十一日止年度（「二零二五年度」）未經審核綜合管理 賬目之初步審閱及本集團目前可得數據顯示，預期本集團於二零二五年度錄得歸屬於本公司 擁有人之溢利約人民幣 7,000,000 元-人民幣 12,000,000 元，而相較於二零二四年十二月三十 一日止年度錄得歸屬於本公司擁有人之虧損人民幣 24,418, ...

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: 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: 鑫達投資控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2026年3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) | 01281 | 說明 | 鑫達投資控股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 HKD | | | 20,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 HKD ...

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 公司名稱: 鑫達投資控股有限公司 (於開曼群島註冊成立的有限公司) 截至月份: 2026年1月31日 狀態: 新提交 FF301 致：香港交易及結算所有限公司 呈交日期: 2026年2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) | 01281 | 說明 | 鑫達投資控股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 HKD | | 20,000,000 ...

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: 鑫達投資控股有限公司 (於開曼群島註冊成立的有限公司) 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) | 01281 | 說明 | 鑫達投資控股 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 HKD | | 0.01 | HKD | | 20,000,000 ...

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11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 鑫達投資控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年12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) | 01281 | 說明 | 鑫達投資控股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | ...

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10月31日 狀態: 新提交 致：香港交易及結算所有限公司 呈交日期: 2025年11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) | 01281 | 說明 | 鑫達投資控股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 HKD | | 20,000,000 | 本月底法定/註冊股本總額： HKD 20,000,000 第 ...

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 FF301 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 鑫達投資控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年10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) | 01281 | 說明 | 鑫達投資控股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 HKD | | | 20,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 HK ...

Core Viewpoint - The company operates primarily in the domestic market, focusing on smart energy solutions and public infrastructure construction, with significant changes in revenue and profit margins observed over recent years [9][11]. Financial Performance - The company's revenue and net profit growth rates have shown fluctuations, with a notable decline in 2023 compared to previous years [11][12]. - In the first half of 2025, the company reported a net profit margin of -0.46%, a decrease of 0.62 percentage points year-on-year [18]. - The operating cash flow for the first half of 2025 was 18.90 million, while financing and investment activities showed negative cash flows [22]. Revenue Composition - For the first half of 2025, the revenue composition was 40.4 million from smart energy business and 54.1 million from public construction business [13]. - In 2024, the revenue from public construction business was 20.287 million, indicating a significant contribution to overall revenue [15]. Asset and Liability Changes - As of the first half of 2025, fixed assets decreased by 5.49%, while contract assets increased by 3.68% [33]. - The company’s liabilities showed a 29.89% increase in accounts payable, while long-term loans decreased by 14.07% [36]. Financial Ratios - The company’s current ratio was reported at 5.17 and the quick ratio at 5.15 in the first half of 2025, indicating strong liquidity [40]. - The asset-liability ratio has been consistently below the industry average, recorded at 24.39% in 2023 [39].