Core Viewpoint - Xinda Investment Holdings (01281.HK) will hold a board meeting on August 28, 2025, to consider and approve the interim results for the six months ending June 30, 2025, and to discuss the potential distribution of an interim dividend, if any [1] Summary by Category - Company Announcement - The company has scheduled a board meeting for August 28, 2025 [1] - The meeting will focus on the approval of interim results for the six months ending June 30, 2025 [1] - The board will also consider the distribution of an interim dividend [1]

(股份代號：1281) 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。 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） 董事會召開日期 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，本公司將於二零二五年八月二十八日（星期四）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六月三十日止六個月之中期業 績，並考慮派發中期股息（如有）。 於本公告日期，執行董事為魏強先生及鄒燕紅女士；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。 鑫達投資控股有限公司 主席 魏強 河北，二零二五年八月十五日 承董事會命 ...

Group 1 - The company, Xinda Investment Holdings (01281.HK), expects to report a loss attributable to shareholders of approximately RMB 2 million to RMB 5 million for the first half of 2025, a significant decline from a profit of RMB 1.365 million recorded for the same period ending June 30, 2024 [1] - The primary reasons for the expected loss include a provision for impairment of trade and other receivables amounting to approximately RMB 6.8 million and losses of about RMB 2 million due to the disposal of certain asset equipment [1] - The company has appointed independent non-executive director Feng Zhidong as the chairman of the nomination committee [1]

Group 1 - The company, Xinda Investment Holdings (01281), expects to report a loss attributable to shareholders of approximately RMB 2 million to RMB 5 million for the first half of 2025, compared to a profit of RMB 1.365 million for the six months ending June 30, 2024 [1] - The primary reasons for the expected loss include a provision for impairment of trade and other receivables amounting to approximately RMB 6.8 million and losses of about RMB 2 million due to the disposal of certain asset equipment [1]

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。 1 盈利警告 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六月三十日止六個月（「二零二五年半年度」）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半年度錄得歸屬於 本公司擁有人之虧損約人民幣 2,000,000 元-人民幣 5,000,000 元，而相較於二零二四年六月 三十日止六個月錄得歸屬於本公司擁有人之溢利人民幣 1,365,000 元。 根據董事會目前所得資料，上述預期由盈轉虧的主要原因（其中包括）為：於二零二五年半 年度，按照賬齡法對本集團的貿易 ...

FF301 呈交日期: 2025年8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 | 本月底法定/註冊股本總額： HKD 20,000,000 第 1 頁 共 10 頁 v 1.1.1 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: 2025年7月31日 狀態: 新 ...

Financial Performance - In 2024, the Group recorded a revenue of RMB114,231,000, which is basically unchanged from RMB114,030,000 in the same period of 2023[15]. - The loss attributable to owners of the Company increased to RMB24,418,000 in 2024 from RMB18,179,000 in 2023, primarily due to an impairment provision of approximately RMB54,024,000 for State Subsidy receivables and power plant assets[15]. - The Group recorded a revenue of RMB114,231,000 during the Reporting Period, which is basically on par with RMB114,030,000 in the same period of 2023[28]. - Loss attributable to owners of the Company increased to RMB24,418,000 from RMB18,179,000 in the same period of 2023[28]. - Total power generation revenue was approximately RMB61,899,000, a decrease from RMB69,261,000 in the same period of 2023, primarily due to reduced solar power generation[33]. - The smart energy business contributed approximately RMB85,506,000 to the Group's revenue, representing a decrease of approximately 10.26% compared to RMB95,283,000 in the same period of 2023[34]. - The public infrastructure construction business contributed approximately RMB28,725,000 to the Group's revenue, an increase from RMB18,747,000 in the same period of 2023[35]. - The Group's total revenue for the reporting period was RMB114,231,000, slightly up from RMB114,030,000 in the same period of 2023, while gross profit increased to RMB30,652,000 from RMB24,854,000, resulting in a gross profit margin of 26.83%, up from 21.80%[40][43]. Impairment and Losses - An impairment provision of approximately RMB54,024,000 was made for accounts receivable related to the State Subsidy and the assets of a solar power plant during the Reporting Period[28]. - The management's decision to make a total impairment provision reflects a cautious approach due to the uncertain recovery of state subsidies[15]. - Impairment losses on non-financial assets amounted to approximately RMB33,322,000, down from RMB58,794,000 in the same period of 2023, mainly due to a provision for a solar power plant with uncertain state subsidy recovery[46][51]. - The Group recognized impairment losses on financial assets of RMB18,653,000, compared to a reversal of RMB5,012,000 in the same period of 2023, primarily related to accounts receivable for state subsidies[47][52]. Operational Challenges - The solar industry faces challenges such as unstable electricity prices and restricted power generation capacity due to increased installed capacity[14]. - The solar power generation industry in China is expected to transition from scale expansion to high-quality development by 2025, with a slowdown in growth anticipated[19]. - The PRC has issued regulations to address consumption difficulties in solar power generation, including accelerating the construction of new energy power grid projects[19]. Asset Management and Strategy - The Group aims to improve asset operation levels and create good returns for shareholders through timely adjustments to business strategies[20]. - The Group aims to enhance asset operation levels and ensure stable business development in response to national policy changes[23]. - The Group operates 11 existing ground and commercial distributed solar power plants with an installed capacity of approximately 64 MW and 18 MW household solar power plants[33]. Financial Position and Cash Flow - As of December 31, 2024, cash and bank balances were approximately RMB221,468,000, down from RMB227,743,000 as of December 31, 2023, mainly due to bank loan repayments[56]. - Total current assets were approximately RMB665,114,000 with a current ratio of 5.47, down from RMB672,255,000 and 6.53 respectively as of December 31, 2023, primarily due to decreases in cash and trade receivables[57]. - External borrowings decreased to RMB133,600,000 as of December 31, 2024, from RMB160,500,000 as of December 31, 2023, secured by machinery at solar power plants valued at RMB209,228,000[62]. - The Group's net debt was negative as of December 31, 2024, due to loan repayments and recovery of receivables during the reporting period[65]. - The proportion of long-term and short-term debts was 53.33% and 46.67% respectively as of December 31, 2024, compared to 63.90% and 36.10% as of December 31, 2023[66]. Employee and Management - The total staff costs for the year ended December 31, 2024, were RMB12,802,000, with a workforce reduction to 43 employees from 67 in the previous year[80]. - The company has a strong performance evaluation system for employees based on their position, qualifications, performance, work experience, and market trends[83]. - The group provides a mandatory provident fund plan for employees in Hong Kong and statutory social insurance contributions for employees in China, in compliance with local laws[83]. - The company emphasizes the importance of maintaining good relationships with suppliers and customers to achieve both immediate and long-term goals, with no significant disputes reported during the reporting period[175]. Governance and Compliance - The company emphasizes the importance of corporate governance and compliance, as reflected in the roles of its independent directors[93]. - The Group has complied with all relevant environmental protection laws and regulations throughout the reporting period, ensuring sustainable operations[136]. - The Group's operations are primarily regulated by local laws on renewable energy and construction projects in Mainland China[145]. Strategic Initiatives - The Group's principal activities include smart energy business, public infrastructure construction, and related management, with gradual expansion into other clean energy sectors[102]. - The strategic direction includes exploring new business opportunities and enhancing investor relations to support long-term growth[94]. - The Group's commitment to sustainable development includes maintaining mutually beneficial relationships with stakeholders, which is vital for the Group's growth[137]. Customer and Supplier Relationships - Sales to the Group's five largest customers accounted for approximately 65% of total sales for the Reporting Period, with the largest customer contributing 25%[170]. - Purchases from the Group's five largest suppliers accounted for approximately 83% of total purchases for the Reporting Period, with the largest supplier contributing 47%[170]. - The Group offers competitive remuneration packages to attract and motivate employees, regularly reviewing these packages[172].

Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of RMB 114,231,000, a slight increase from RMB 114,030,000 in the previous year, representing a growth of approximately 0.2%[2] - The gross profit for the same period was RMB 30,652,000, up from RMB 24,854,000, indicating a significant increase of about 23.3%[2] - The company incurred a net loss of RMB 40,928,000 for the year, compared to a net loss of RMB 20,401,000 in the previous year, reflecting an increase in losses of approximately 100%[3] - The basic and diluted loss per share for the year was RMB 0.0164, compared to RMB 0.0122 in the previous year, indicating a worsening of the loss per share by approximately 34.4%[3] - The company reported a significant impairment loss on non-financial assets of RMB 33,322,000, down from RMB 58,794,000, indicating an improvement of approximately 43.4%[2] - The total expenses for sales cost, selling and distribution expenses, administrative expenses, and impairment losses on non-financial assets decreased from RMB 169,126,000 in 2023 to RMB 133,954,000 in 2024, representing a reduction of approximately 20.8%[22] - The impairment loss on non-financial assets significantly decreased from RMB 58,794,000 in 2023 to RMB 33,322,000 in 2024, a decline of about 43.4%[22] - The loss attributable to the company's owners increased to RMB 24,418,000 from RMB 18,179,000 year-on-year, primarily due to a significant impairment provision of approximately RMB 54,024,000 related to a photovoltaic power station's receivables and assets[41] Assets and Liabilities - Total assets decreased to RMB 1,068,648,000 from RMB 1,136,591,000, a decline of about 6%[5] - Non-current assets decreased from RMB 464,336,000 to RMB 403,534,000, a reduction of approximately 13.1%[5] - Current assets slightly decreased from RMB 672,255,000 to RMB 665,114,000, a decline of about 1.1%[5] - Total liabilities decreased from RMB 285,178,000 to RMB 260,655,000, a reduction of approximately 8.6%[6] - The company's equity attributable to owners decreased from RMB 848,105,000 to RMB 821,195,000, a decline of about 3.2%[5] - The total assets of the reportable segments as of December 31, 2024, amounted to RMB 1,068,648,000, a decrease from RMB 1,136,591,000 in 2023[21] - The reportable segment liabilities as of December 31, 2024, were RMB 260,655,000, compared to RMB 285,178,000 in 2023, reflecting a decrease of approximately 8.6%[21] Revenue Breakdown - Revenue from the sale of electricity decreased to RMB 61,899,000 in 2024 from RMB 69,261,000 in 2023, representing a decline of approximately 19.7%[17] - Revenue from public construction increased significantly to RMB 28,725,000 in 2024, up from RMB 18,747,000 in 2023, marking an increase of approximately 53.5%[17] - The total generation from photovoltaic power stations was approximately 100,858 MWh, down from 104,800 MWh in the previous year, resulting in total revenue from power generation of RMB 61,899,000, compared to RMB 69,261,000 last year[43][44] - The smart energy business generated revenue of approximately RMB 85,506,000, a decrease of about 10.26% from RMB 95,283,000 in the previous year, with a loss of RMB 37,704,000 compared to a loss of RMB 348,000 last year[44] - The public construction business generated revenue of approximately RMB 28,725,000, up from RMB 18,747,000 in the previous year, with a reduced loss of RMB 279,000 compared to a loss of RMB 15,727,000 last year[45] Trade Receivables and Impairment - Trade receivables increased from RMB 287,572,000 in 2023 to RMB 306,131,000 in 2024, marking an increase of about 6.5%[32] - The total amount of trade and other receivables rose from RMB 278,858,000 in 2023 to RMB 293,047,000 in 2024, an increase of approximately 5.1%[32] - The provision for impairment losses on trade and other receivables increased from RMB 225,192,000 in 2023 to RMB 252,466,000 in 2024, representing an increase of about 12.1%[32] - The expected credit loss provision for loans to third parties decreased from RMB 49,385,000 in 2023 to RMB 24,030,000 in 2024, a reduction of approximately 51.3%[30] - The total provision for expected credit losses across all categories as of December 31, 2024, is RMB (180,438) thousand for household photovoltaic systems, RMB (36,617) thousand for smart energy services, and RMB (13,977) thousand for electricity sales[35][36][37] - The company has classified trade receivables based on common credit risk characteristics and aging to measure expected credit losses[34] - The company continues to monitor and adjust its provisions for expected credit losses in response to changing market conditions and customer payment behaviors[34] Cash and Financing - As of December 31, 2024, cash and cash equivalents were approximately RMB 221,468,000, down from RMB 227,743,000 the previous year, primarily due to loan repayments[56] - External borrowings as of December 31, 2024, were RMB 133,600,000, a decrease from RMB 160,500,000 the previous year, with no significant debt repayment risks[58] - Net financing costs decreased by 15.60% to RMB 5,553,000, due to a reduction in loan principal and interest rates[53] Corporate Governance and Operations - The board of directors held two meetings during the year to approve financial results and discuss overall operations and strategies[70] - The audit committee, composed of three independent non-executive directors, reviewed the consolidated financial statements for the year ending December 31, 2024[74] - The company's auditor confirmed that the financial data disclosed in the preliminary announcement aligns with the audited financial statements[75] - The company did not declare any dividends to shareholders for the years ending December 31, 2024, and 2023[40] - The company will change its website from "https://www.longitech.hk" to "https://www.xindaholdings.com" effective March 28, 2025[77]

Financial Performance - For the six months ended June 30, 2024, total revenue was RMB 62,795,000, a decrease of 14.3% compared to RMB 73,287,000 for the same period in 2023[2] - Gross profit for the period was RMB 17,192,000, down 22.7% from RMB 22,235,000 in the previous year[2] - Operating profit decreased to RMB 2,777,000, a decline of 33.4% from RMB 4,166,000 year-on-year[2] - The company reported a net profit of RMB 750,000, slightly up from RMB 746,000 in the same period last year[3] - Basic and diluted earnings per share were RMB 0.0009, compared to RMB 0.0002 for the same period in 2023[2] - The impairment loss on financial assets for the six months ended June 30, 2024, was RMB 6,501,000, while the impairment reversal for the same period in 2023 was RMB 2,553,000[12][13] - The company experienced a foreign exchange gain of RMB 552,000 for the six months ended June 30, 2024, compared to a loss of RMB 1,275,000 in the same period of 2023[14] - The company reported a net other income of RMB 560,000 for the six months ended June 30, 2024, compared to a net loss of RMB 1,715,000 in the same period of 2023[14] - The smart energy business generated revenue of approximately RMB 46,347,000, a decrease of about 8.8% compared to RMB 50,820,000 in the same period last year, primarily due to natural degradation of power stations[33] - Total revenue from existing photovoltaic power stations was RMB 34,319,000, down from RMB 37,243,000 in the same period last year[32] - The public construction business generated revenue of RMB 16,448,000, down from RMB 22,467,000 in the same period last year, resulting in a loss of RMB 9,000 compared to a profit of RMB 388,000 last year[34] - Total revenue and gross profit for the period were RMB 62,795,000 and RMB 17,192,000, respectively, representing declines of 14.3% and 22.7% year-on-year[36][37] - The gross profit margin decreased to 27% from 30% in the same period last year, primarily due to reduced revenue from higher-margin photovoltaic power generation[37] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 1,113,128,000, a decrease from RMB 1,136,591,000 at the end of 2023[4] - Non-current assets totaled RMB 452,115,000, down from RMB 464,336,000 at the end of 2023[4] - Current assets decreased to RMB 661,013,000 from RMB 672,255,000 at the end of 2023[4] - Total liabilities were RMB 263,809,000, down from RMB 285,178,000 at the end of 2023[5] - The company reported a total of RMB 1,113,128,000 in assets and RMB 263,809,000 in liabilities as of June 30, 2024[12] - The total provision for expected credit losses on trade receivables was RMB 180,762,000 as of December 31, 2023, and RMB 181,100,000 as of June 30, 2024[20] - The total amount of trade receivables over one year was RMB 132,972,000 as of June 30, 2024, up from RMB 117,278,000 as of December 31, 2023[25] - The overdue trade receivables over three years amounted to RMB 299,589,000 as of June 30, 2024, compared to RMB 278,377,000 as of December 31, 2023[19] - The total provision for losses on trade receivables related to electricity sales was RMB 13,633,000 as of December 31, 2023[23] Business Focus and Operations - The company continues to focus on smart energy and public construction sectors, with major shareholders being Harvest Oak Holdings Limited and Lightway Power Holdings Limited[6] - The company holds and operates photovoltaic power stations and invests in public construction projects, which are the main business activities[31] - The company has trade receivables from photovoltaic power stations valued at RMB 174,581,000 as of June 30, 2024, which are pledged as collateral for loans[18] Employee and Governance - The group employed 52 staff as of June 30, 2024, down from 67 employees as of December 31, 2023[49] - The group has complied with the corporate governance code, with a noted deviation regarding the roles of the CEO and Chairman being held by the same individual[51] - The interim financial information has been reviewed by external auditors and complies with applicable accounting standards[53] Dividends and Fundraising - The company did not declare any dividends to shareholders for the six months ended June 30, 2024, consistent with the previous year[30] - The group has not engaged in any fundraising activities during the reporting period[49] Other Financial Information - Cash and cash equivalents as of June 30, 2024, were approximately RMB 212,403,000, down from RMB 227,743,000 as of December 31, 2023[41] - Current assets totaled approximately RMB 661,013,000, with a current ratio of 6.85, up from 6.53 at the end of the previous year[42] - External borrowings amounted to RMB 147,050,000, down from RMB 160,500,000 at the end of the previous year, with no significant debt repayment risk[43][45] - The group's external borrowings are subject to annual interest rates ranging from 4.94% to 5.18%, with a current rate of 5.04% to 5.28% as of December 31, 2023[46] - As of June 30, 2024, the group has no investment commitments, compared to RMB 101.6 million as of December 31, 2023, primarily related to a joint venture[48] - The group reported no significant contingent liabilities as of June 30, 2024, consistent with the previous period[49] - There were no significant acquisitions or investments during the reporting period[49] - The group has no major subsequent events reported after June 30, 2024[50]

Solar Power Industry Growth - The newly installed capacity of solar power generation in China reached 216.88 GW, representing an increase of 148.1% compared to the same period last year[12]. - The solar power generation industry is expected to continue growing rapidly, with challenges related to consumption pressure and market-oriented trading tariffs[18]. - The overall cost of installation for solar power generation has sharply declined, contributing to the industry's growth[12]. - The industry is experiencing increased competition and a reshuffle, necessitating adaptation to market trends[12]. Financial Performance - The Group realized a revenue of RMB 114,030,000, a decrease of approximately 41.6% compared to the same period last year[13]. - Loss attributable to owners of the Company was RMB 18,179,000, significantly reduced from a loss of RMB 265,854,000 in the same period last year[13]. - The Group recognized a net profit of approximately RMB 30,520,000 for the Reporting Period, contrasting with the previous year's loss from associates[13]. - The Group recorded a revenue of RMB 114,030,000 during the Reporting Period, representing a decrease of approximately 41.6% compared to RMB 195,209,000 in the same period of 2022[25]. - The smart energy business contributed approximately RMB 95,283,000 to the Group's revenue, a decrease of approximately 8.6% compared to RMB 104,262,000 in the same period of 2022[32]. - The public infrastructure construction business contributed approximately RMB 18,747,000 to the Group's revenue, down from RMB 90,947,000 in the same period of 2022[33]. - The Group's total revenue for the reporting period was RMB 114,030,000, a decline from RMB 195,209,000 in the same period of 2022, with a gross profit of RMB 24,854,000 and a gross profit margin of 21.8%[39][44]. Operational Focus and Strategy - The Group's focus during the Reporting Period was on the operation and management of existing solar power plants and the investment in the Baoding Donghu PPP project[13]. - The Group plans to adopt prudent operational measures to increase operating income and profit in 2024[19]. - The Group aims to enhance operational efficiency and profitability through refined management and cost control in the face of macroeconomic uncertainties[24]. - The Group's strategy includes integrating energy systems with internet technology to improve energy utilization efficiency and reduce costs for customers[26]. Impairment and Losses - An impairment provision of approximately RMB 51,496,000 was made for the incremental distribution network project in Xinjiang Hefeng Industrial Park due to uncertain investment expectations[13]. - The Group recognized impairment losses on non-financial assets of approximately RMB 58,794,000, primarily due to an impairment provision of RMB 51,496,000 for the incremental distribution network project in Xinjiang[47][52]. Cash and Debt Management - As of December 31, 2023, bank balances and cash amounted to approximately RMB 227,743,000, an increase from RMB 213,198,000 as of December 31, 2022[60]. - Total current assets were approximately RMB 672,255,000 as of December 31, 2023, up from RMB 629,170,000 as of December 31, 2022, with a current ratio of 6.53[61]. - External borrowings decreased to RMB 160,500,000 as of December 31, 2023, from RMB 186,300,000 as of December 31, 2022[62]. - The Group's net debt was negative as of December 31, 2023, primarily due to loan repayments and the recovery of receivables[68]. - The proportion of long-term and short-term debts was 63.9% and 36.1%, respectively, as of December 31, 2023[69]. - Interest rates on external borrowings ranged from 5.04% to 5.28% per annum during the reporting period, compared to 5.39% to 5.63% in the same period of 2022[70]. Employee and Governance - The Group employed 67 employees as of December 31, 2023, an increase from 62 employees a year earlier, with competitive remuneration packages offered to attract and retain talent[88]. - The Group's management team includes experienced professionals with extensive backgrounds in financial management and clean energy operations[104]. - The Group's independent non-executive directors bring significant expertise in finance and corporate governance[101]. - The Board of Directors includes Mr. Wei Qiang as Executive Director and Chairman, along with independent non-executive Directors Dr. Han Qinchun, Mr. Wong Yik Chung John, and Mr. Feng Zhidong[193]. Environmental Compliance - The Group has complied with all relevant environmental protection laws and regulations throughout the reporting period, ensuring sustainable operational practices[147]. - The Group's commitment to environmental protection laws and regulations is a key aspect of its sustainable development strategy[150]. Connected Transactions - The Group has entered into connected transactions with Longjitaihe Property and Longjitaihe Group Limited, which are controlled by the Company's major shareholder[164][173]. - The independent non-executive Directors confirmed that the continuing connected transactions were conducted in the ordinary course of business and on normal commercial terms[179]. Future Outlook - The Group plans to stabilize its business and make prudent investments in 2024, while closely monitoring potential impacts from industry changes[38][43].