Group 1 - The company reported a revenue of 137 million, representing a year-on-year decrease of 11% [1] - The profit attributable to shareholders for the period was 21.955 million, a decline of 30.4% compared to the previous year [1] - Earnings per share stood at 17.15 cents [1] Group 2 - The decrease in revenue was primarily due to a reduction in customer acceptance testing and fewer machines being produced during the period [1]

Core Viewpoint - Shenglidar Technology (01289) reported a decline in revenue and profit for the six months ending June 30, 2025, primarily due to reduced customer acceptance and commissioning of production lines and individual machines [1] Financial Performance - The company achieved revenue of 137 million yuan, representing an 11% year-on-year decrease [1] - Shareholders' profit for the period was 21.955 million yuan, down 30.4% compared to the previous year [1] - Earnings per share stood at 17.15 cents [1]

[Financial Highlights](index=1&type=section&id=Financial%20Highlights) [Interim Results Summary for the Six Months Ended June 30, 2025](index=1&type=section&id=Interim%20Results%20Summary%20for%20the%20Six%20Months%20Ended%20June%2030%2C%202025) The Group's unaudited condensed consolidated interim results for the six months ended June 30, 2025, show a significant decline in revenue and profit, with a corresponding decrease in earnings per share Key Financial Data for the Six Months Ended June 30 (RMB thousands) | Indicator | 2025 | 2024 | Change | Change Percentage | | :--- | :--- | :--- | :--- | :--- | | Revenue | 136,682 | 153,535 | (16,853) | -11.0% | | Gross Profit | 39,336 | 46,851 | (7,515) | -16.0% | | Profit Before Income Tax | 26,281 | 36,466 | (10,185) | -27.9% | | Profit for the Period | 21,955 | 31,557 | (9,602) | -30.4% | | Profit for the Period Attributable to Equity Holders of the Company | 21,955 | 31,557 | (9,602) | -30.4% | | Basic and Diluted Earnings Per Share (RMB cents) | 17.15 | 24.65 | (7.50) | -30.4% | [Condensed Consolidated Interim Financial Statements](index=2&type=section&id=Condensed%20Consolidated%20Interim%20Financial%20Statements) [Condensed Consolidated Interim Statement of Profit or Loss](index=2&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Profit%20or%20Loss) The Group's consolidated statement of profit or loss for the six months ended June 30, 2025, shows a decline in revenue, gross profit, operating profit, and profit for the period, primarily due to changes in cost of sales, selling, and administrative expenses Condensed Consolidated Interim Statement of Profit or Loss for the Six Months Ended June 30 (RMB thousands) | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | Revenue | 136,682 | 153,535 | | Cost of Sales | (97,346) | (106,684) | | Gross Profit | 39,336 | 46,851 | | Selling Expenses | (3,020) | (1,697) | | Administrative Expenses | (16,704) | (20,669) | | Net Reversal of Impairment Loss on Financial Assets | 683 | 4,488 | | Other Income | 5,528 | 1,528 | | Other (Losses) / Gains — Net | (132) | 1,867 | | Operating Profit | 25,691 | 32,368 | | Finance Income | 590 | 4,098 | | Profit Before Income Tax | 26,281 | 36,466 | | Income Tax Expense | (4,326) | (4,909) | | Profit for the Period Attributable to Equity Holders of the Company | 21,955 | 31,557 | | Basic and Diluted Earnings Per Share (RMB cents) | 17.15 | 24.65 | [Condensed Consolidated Interim Statement of Comprehensive Income](index=3&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Comprehensive%20Income) The Group's total comprehensive income for the six months ended June 30, 2025, is consistent with the profit for the period, with no other comprehensive income generated Condensed Consolidated Interim Statement of Comprehensive Income for the Six Months Ended June 30 (RMB thousands) | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | Profit for the Period | 21,955 | 31,557 | | Other Comprehensive Income | — | — | | Total Comprehensive Income Attributable to Equity Holders of the Company | 21,955 | 31,557 | [Condensed Consolidated Interim Statement of Financial Position](index=4&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Financial%20Position) As of June 30, 2025, the Group's total assets and liabilities decreased compared to December 31, 2024, while total equity increased, indicating a stable financial structure Condensed Consolidated Interim Statement of Financial Position as of June 30 (RMB thousands) | Indicator | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **ASSETS** | | | | Non-current Assets | 165,411 | 175,925 | | Current Assets | 754,468 | 887,639 | | **TOTAL ASSETS** | **919,879** | **1,063,564** | | **EQUITY** | | | | Total Equity | 724,735 | 713,020 | | **LIABILITIES** | | | | Current Liabilities | 195,144 | 350,544 | | **TOTAL LIABILITIES** | **195,144** | **350,544** | | **TOTAL EQUITY AND LIABILITIES** | **919,879** | **1,063,564** | [Notes to the Condensed Consolidated Interim Financial Information](index=6&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Interim%20Financial%20Information) [1. General Information of the Group](index=6&type=section&id=1.%20General%20Information%20of%20the%20Group) Wuxi Sunlit Science and Technology Co., Ltd. primarily manufactures and sells steel wire production line equipment and standalone machines, established in China in 2006 and listed on the HKEX Main Board in 2014 - The Group's principal activities are the manufacturing and sale of a series of equipment and standalone machines for steel wire production lines[9](index=9&type=chunk) - The Company was incorporated in China on March 21, 2006, and listed on the Main Board of the Stock Exchange of Hong Kong on November 11, 2014[9](index=9&type=chunk)[10](index=10&type=chunk) [2. Basis of Preparation](index=6&type=section&id=2.%20Basis%20of%20Preparation) The condensed consolidated interim financial information is prepared in accordance with HKAS 34 "Interim Financial Reporting" and should be read in conjunction with the annual financial statements for the year ended December 31, 2024 - The condensed consolidated interim financial information is prepared in accordance with Hong Kong Accounting Standard ("HKAS") 34 "Interim Financial Reporting"[13](index=13&type=chunk) [3. Accounting Policies](index=6&type=section&id=3.%20Accounting%20Policies) The Group's accounting policies are consistent with the 2024 annual financial statements, with new and revised standards applied for the first time having no significant impact on the interim financial information, and future standards are also not expected to have a material effect - The accounting policies applied are consistent with those applied in the annual financial statements for the year ended December 31, 2024, and income tax for the interim period is accrued using the tax rate that would be applicable to the expected total annual earnings[14](index=14&type=chunk)[15](index=15&type=chunk) - The Group has applied new and revised standards for the first time on January 1, 2025, which had no significant impact on the condensed consolidated interim financial information[16](index=16&type=chunk)[17](index=17&type=chunk) - New and revised standards issued but not yet effective, such as HKFRS 18 "Presentation and Disclosure in Financial Statements," are not expected to have a significant impact on the Group's consolidated financial statements[17](index=17&type=chunk) [4. Estimates](index=8&type=section&id=4.%20Estimates) The preparation of interim financial information involves management's judgments, estimates, and assumptions, with key sources consistent with the consolidated financial statements for the year ended December 31, 2024 - The preparation of interim financial information requires management to make judgments, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income, and expenses[18](index=18&type=chunk) [5. Fair Value Estimation](index=8&type=section&id=5.%20Fair%20Value%20Estimation) The Group's financial instruments are measured at fair value and categorized into three levels, with the carrying amounts of most financial assets and short-term liabilities approximating their fair values - Financial instruments measured at fair value are measured using different valuation techniques, with inputs categorized into three levels (Level 1, Level 2, Level 3)[19](index=19&type=chunk)[21](index=21&type=chunk) - The carrying amounts of the Group's other financial assets and short-term liabilities approximate their fair values due to their short-term nature[19](index=19&type=chunk) [6. Revenue](index=8&type=section&id=6.%20Revenue) The Group primarily engages in the production and sale of steel wire product equipment and leasing, with total revenue for the six months ended June 30, 2025, at RMB 136,682 thousand, a 11.0% decrease year-on-year, mainly due to a significant reduction in electro-brass steel wire production line sales, offset by an increase in standalone machine sales - The Group is principally engaged in the production and sale of a series of equipment for manufacturing steel wire products and leasing[20](index=20&type=chunk) Revenue Breakdown for the Six Months Ended June 30 (RMB thousands) | Revenue Category | 2025 | 2024 | | :--- | :--- | :--- | | Electro-brass Steel Wire Production Lines | 52,615 | 85,221 | | Other Production Lines | 1,725 | 6,997 | | Standalone Machine Sales | 75,030 | 49,242 | | Sales of Other Die Repair Equipment, Parts and Accessories | 4,975 | 9,707 | | Rental Income | 2,337 | 2,368 | | **Total Revenue** | **136,682** | **153,535** | Geographical Distribution of Revenue for the Six Months Ended June 30 (RMB thousands) | Region | 2025 | 2024 | | :--- | :--- | :--- | | China | 121,480 | 147,259 | | Others | 15,202 | 6,276 | | **Total Revenue** | **136,682** | **153,535** | Major Customer Revenue Contribution for the Six Months Ended June 30 (RMB thousands) | Customer | 2025 | 2024 | | :--- | :--- | :--- | | Company A | 104,119 | 85,281 | | Company B | 15,160 | Not Applicable | | Company C | Not Applicable | 48,576 | [7. Expenses by Nature](index=9&type=section&id=7.%20Expenses%20by%20Nature) Total cost of sales, selling, and administrative expenses for the period was RMB 117,070 thousand, a decrease from RMB 129,050 thousand in the prior period, primarily due to a significant reduction in raw material consumption and outsourced installation and transportation fees Expenses by Nature for the Six Months Ended June 30 (RMB thousands) | Expense Category | 2025 | 2024 | | :--- | :--- | :--- | | Changes in Inventories of Finished Goods and Work-in-progress | 70,943 | (97,498) | | Raw Materials Used | 17,570 | 179,725 | | Employee Benefit Expenses | 11,826 | 15,355 | | Depreciation and Amortization | 5,544 | 5,728 | | Other Tax Expenses | 2,383 | 3,290 | | Outsourced Installation and Transportation Fees | 2,209 | 13,198 | | Business Entertainment Expenses | 1,331 | 549 | | Professional Fees | 1,107 | 1,033 | | Travel Expenses | 685 | 794 | | Office Expenses | 522 | 661 | | Auditor's Remuneration | 472 | 547 | | Impairment Provision for Properties Held for Sale | — | 3,795 | | Other Expenses | 2,478 | 1,873 | | **Total Cost of Sales, Selling and Administrative Expenses** | **117,070** | **129,050** | [8. Other Income](index=10&type=section&id=8.%20Other%20Income) Other income for the period significantly increased to RMB 5,528 thousand, primarily driven by a substantial rise in interest income from fixed deposits and an increase in government grants Other Income for the Six Months Ended June 30 (RMB thousands) | Income Category | 2025 | 2024 | | :--- | :--- | :--- | | Interest Income from Fixed Deposits | 4,162 | — | | VAT Deductions | 178 | 1,088 | | Government Grants | 1,262 | 412 | | VAT Refunds | (74) | 28 | | **Total** | **5,528** | **1,528** | - Government grants primarily refer to subsidies for the Group's intelligent manufacturing projects and contributions to stable employee employment[26](index=26&type=chunk) [9. Other (Losses) / Gains — Net](index=10&type=section&id=9.%20Other%20%28Losses%29%20%2F%20Gains%20%E2%80%94%20Net) The period recorded other net losses of RMB 132 thousand, compared to net gains of RMB 1,867 thousand in the prior period, mainly due to exchange losses and reduced gains from disposal of property, plant, and equipment Other (Losses) / Gains — Net for the Six Months Ended June 30 (RMB thousands) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Gains / (Losses) on Disposal of Properties Held for Sale | 294 | (1) | | Gains on Disposal of Property, Plant and Equipment | 4 | 1,170 | | Exchange (Losses) / Gains — Net | (430) | 567 | | Others | — | 131 | | **Total** | **(132)** | **1,867** | [10. Employee Benefit Expenses](index=10&type=section&id=10.%20Employee%20Benefit%20Expenses) Employee benefit expenses for the period were RMB 11,826 thousand, a decrease from RMB 15,355 thousand in the prior period, primarily due to a reduction in wages, salaries, and discretionary bonuses Employee Benefit Expenses for the Six Months Ended June 30 (RMB thousands) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Wages, Salaries and Discretionary Bonuses | 8,169 | 11,466 | | Other Social Security Costs, Housing Benefits and Other Employee Benefits | 2,589 | 2,692 | | Defined Contribution Plan Retirement Costs | 1,068 | 1,197 | | **Total** | **11,826** | **15,355** | [11. Finance Income](index=11&type=section&id=11.%20Finance%20Income) Finance income for the period significantly decreased to RMB 590 thousand, primarily due to a reduction in bank interest income from RMB 4,063 thousand in the prior period to RMB 565 thousand Finance Income for the Six Months Ended June 30 (RMB thousands) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Bank Interest Income | 565 | 4,063 | | Amortization of Unrealized Finance Income | 25 | 35 | | **Total** | **590** | **4,098** | [12. Income Tax Expense](index=11&type=section&id=12.%20Income%20Tax%20Expense) Income tax expense for the period was RMB 4,326 thousand, a decrease from RMB 4,909 thousand in the prior period, mainly due to reduced taxable income, with the Company benefiting from a 15% preferential corporate income tax rate as a high-tech enterprise Income Tax Expense for the Six Months Ended June 30 (RMB thousands) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Current Income Tax — China Corporate Income Tax | 3,304 | 4,332 | | Deferred Income Tax | 1,022 | 577 | | **Income Tax Expense** | **4,326** | **4,909** | - The Company qualifies as a high-tech enterprise and is subject to a reduced corporate income tax rate of **15%**[31](index=31&type=chunk) - Wuxi Haisheng Software Technology Co., Ltd. and Jiangsu Sunlit Equipment Technology Co., Ltd. qualify as small and micro enterprises, enjoying preferential income tax rates[31](index=31&type=chunk) [13. Earnings Per Share](index=12&type=section&id=13.%20Earnings%20Per%20Share) Basic and diluted earnings per share for the period were 17.15 RMB cents, a 30.4% decrease from 24.65 RMB cents in the prior period, consistent with the decline in profit for the period Earnings Per Share Calculation for the Six Months Ended June 30 (RMB thousands/thousands of shares/RMB cents) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Profit for the Period Attributable to Equity Holders of the Company | 21,955 | 31,557 | | Weighted Average Number of Ordinary Shares in Issue | 128,000 | 128,000 | | **Basic and Diluted Earnings Per Share (RMB cents)** | **17.15** | **24.65** | - Diluted earnings per share are equal to basic earnings per share as there were no outstanding potential dilutive ordinary shares during the reporting period[33](index=33&type=chunk) [14. Leases](index=12&type=section&id=14.%20Leases) The Group's right-of-use assets primarily consist of land use rights in mainland China with a 50-year lease term, and related amortization expenses are recognized in cost of sales and administrative expenses Right-of-Use Assets (RMB thousands) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Land Use Rights | 19,656 | 19,965 | - All of the Group's land use rights are located in mainland China and held under 50-year leases[34](index=34&type=chunk) - For the six months ended June 30, 2025, amortization of land use rights was recognized as RMB 114 thousand in administrative expenses and RMB 195 thousand in cost of sales[34](index=34&type=chunk) [15. Property, Plant and Equipment](index=13&type=section&id=15.%20Property%2C%20Plant%20and%20Equipment) As of June 30, 2025, the net book value of property, plant and equipment was RMB 74,625 thousand, a slight decrease from RMB 76,564 thousand as of January 1, 2025, primarily due to depreciation expenses despite new additions Net Book Value of Property, Plant and Equipment (RMB thousands) | Item | June 30, 2025 | January 1, 2025 | | :--- | :--- | :--- | | Buildings | 55,352 | 57,770 | | Machinery | 15,135 | 14,795 | | Motor Vehicles | 1,452 | 592 | | Computer and Electronic Equipment | 534 | 669 | | Office Equipment | 490 | 548 | | Interior Decoration | 1,662 | 2,190 | | **Total** | **74,625** | **76,564** | Depreciation Expense for the Six Months Ended June 30 (RMB thousands) | Category | 2025 | 2024 | | :--- | :--- | :--- | | Cost of Sales | 2,350 | 2,029 | | Administrative Expenses | 2,071 | 2,578 | | Selling Expenses | 1 | — | | **Total** | **4,422** | **4,607** | [16. Investment Properties](index=14&type=section&id=16.%20Investment%20Properties) As of June 30, 2025, the net book value of investment properties was RMB 13,351 thousand, a decrease from the beginning of the period, mainly due to depreciation and amortization expenses, with these properties held for rental income or capital appreciation Net Book Value of Investment Properties (RMB thousands) | Item | June 30, 2025 | January 1, 2024 | | :--- | :--- | :--- | | Opening Balance | 14,151 | 15,750 | | Depreciation and Amortization Expense | (800) | (800) | | **Closing Balance** | **13,351** | **14,950** | - Investment properties primarily consist of leasehold land and buildings held to earn long-term rental income or for capital appreciation or both[38](index=38&type=chunk) Investment Property Related Income for the Six Months Ended June 30 (RMB thousands) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Rental Income | 2,337 | 2,368 | | Direct Operating Expenses Generating Rental Income | (800) | (800) | | **Net Income** | **1,537** | **1,568** | [17. Deferred Tax Assets — Net](index=15&type=section&id=17.%20Deferred%20Tax%20Assets%20%E2%80%94%20Net) As of June 30, 2025, net deferred tax assets were RMB 28,767 thousand, a decrease from the beginning of the period, primarily due to amounts deducted from the condensed interim statement of profit or loss Movement in Deferred Tax Assets (RMB thousands) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Opening Balance as of January 1 | 29,789 | 19,135 | | Deducted from Condensed Interim Statement of Profit or Loss | (1,022) | (577) | | **Closing Balance as of June 30** | **28,767** | **18,558** | [18. Inventories](index=15&type=section&id=18.%20Inventories) As of June 30, 2025, the net book value of inventories was RMB 136,903 thousand, a significant decrease from RMB 208,243 thousand as of December 31, 2024, primarily due to a reduction in finished goods inventory Inventories Breakdown (RMB thousands) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Raw Materials | 19,918 | 20,335 | | Work-in-progress | 5,954 | 1,067 | | Finished Goods | 118,174 | 194,004 | | Cost | 144,046 | 215,406 | | Less: Impairment Provision | (7,143) | (7,163) | | **Net Book Value** | **136,903** | **208,243** | [19. Properties Held for Sale](index=15&type=section&id=19.%20Properties%20Held%20for%20Sale) As of June 30, 2025, the net book value of properties held for sale was RMB 7,390 thousand, a decrease from RMB 8,440 thousand as of December 31, 2024 Properties Held for Sale (RMB thousands) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cost | 45,301 | 51,801 | | Less: Impairment Provision | (37,911) | (43,361) | | **Net Book Value** | **7,390** | **8,440** | [20. Prepayments](index=16&type=section&id=20.%20Prepayments) As of June 30, 2025, total prepayments were RMB 1,179 thousand, a decrease from RMB 1,900 thousand as of December 31, 2024, primarily due to a reduction in prepaid VAT and other taxes Prepayments Breakdown (RMB thousands) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Prepayments for Raw Materials | 426 | 322 | | Prepaid VAT and Other Taxes | 753 | 1,578 | | **Total** | **1,179** | **1,900** | [21. Trade and Other Receivables](index=16&type=section&id=21.%20Trade%20and%20Other%20Receivables) As of June 30, 2025, net trade and other receivables were RMB 149,341 thousand, a significant decrease from RMB 230,942 thousand as of December 31, 2024, primarily due to a reduction in trade receivables and commercial acceptance bills Net Trade and Other Receivables (RMB thousands) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Trade Receivables — Net | 120,645 | 184,835 | | Commercial Acceptance Bills — Net | 25,886 | 40,294 | | Bank Acceptance Bills | 1,650 | 3,981 | | Other Receivables — Net | 1,160 | 1,832 | | **Total** | **149,341** | **230,942** | Ageing Analysis of Trade Receivables (RMB thousands) | Ageing | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Within 1 Year | 74,967 | 130,275 | | 1 to 2 Years | 34,003 | 49,031 | | 2 to 3 Years | 27,966 | 26,868 | | Over 3 Years | 91,144 | 87,913 | | **Total** | **228,080** | **294,087** | Movement in Impairment Provision for Trade Receivables, Commercial Acceptance Bills and Other Receivables (RMB thousands) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Opening Balance as of January 1 | 114,170 | 77,199 | | Net Reversal of Impairment Loss | (2,247) | (4,938) | | Write-off of Irrecoverable Receivables | — | (7,155) | | **Closing Balance as of June 30** | **111,923** | **65,106** | [22. Contract Assets](index=18&type=section&id=22.%20Contract%20Assets) As of June 30, 2025, net contract assets were RMB 45,424 thousand, a decrease from RMB 49,465 thousand as of December 31, 2024, with contract assets typically due for collection after the product quality assurance period expires Net Contract Assets (RMB thousands) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Contract Assets | 53,177 | 55,654 | | Less: Impairment Provision for Contract Assets | (7,753) | (6,189) | | **Contract Assets — Net** | **45,424** | **49,465** | - Contract assets are due for collection upon the expiry of the product quality assurance period, which is generally 12 or 24 months from customer acceptance of the equipment[45](index=45&type=chunk) Movement in Impairment Provision for Contract Assets (RMB thousands) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Opening Balance as of January 1 | 6,189 | 2,487 | | Net Impairment Loss | 1,564 | 450 | | **Closing Balance as of June 30** | **7,753** | **2,937** | [23. Cash and Cash Equivalents](index=19&type=section&id=23.%20Cash%20and%20Cash%20Equivalents) As of June 30, 2025, the Group's total cash and bank balances increased to RMB 443,179 thousand from RMB 424,028 thousand as of December 31, 2024, reflecting an increase in cash and cash equivalents, a decrease in restricted cash, and an increase in fixed deposits Cash and Cash Equivalents Breakdown (RMB thousands) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and Bank Balances | 139,881 | 100,313 | | Bank Deposits | 303,298 | 323,715 | | **Total** | **443,179** | **424,028** | | Less: Restricted Cash | (34,192) | (76,869) | | Less: Fixed Deposits | (269,106) | (246,846) | | **Cash and Cash Equivalents** | **139,881** | **100,313** | - The Group's cash and cash equivalents, restricted cash, and fixed deposits are primarily denominated in RMB[48](index=48&type=chunk) - Fixed deposits were initially for periods of more than 3 months but less than 1 year, with a weighted average effective interest rate of **2.60%** per annum as of June 30, 2025 (December 31, 2024: **2.90%** per annum)[49](index=49&type=chunk) [24. Share Capital and Share Premium](index=20&type=section&id=24.%20Share%20Capital%20and%20Share%20Premium) As of June 30, 2025, and December 31, 2024, the Company's share capital and share premium remained unchanged, with 128,000,000 shares in issue Share Capital and Share Premium (RMB thousands) | Item | Number of Shares in Issue (shares) | Share Capital | Share Premium | Total | | :--- | :--- | :--- | :--- | :--- | | As of June 30, 2025 and December 31, 2024 | 128,000,000 | 128,000 | 311,464 | 439,464 | [25. Reserves](index=20&type=section&id=25.%20Reserves) As of June 30, 2025, the Group's total reserves increased to RMB 81,381 thousand from the beginning of the period, primarily due to transfers to statutory reserves Movement in Reserves (RMB thousands) | Item | Capital Reserve | Statutory Reserve | Special Reserve | Total | | :--- | :--- | :--- | :--- | :--- | | As of January 1, 2025 | 17,637 | 49,162 | 12,439 | 79,238 | | Transfer to Statutory Reserve | — | 2,186 | — | 2,186 | | Utilization of Safety Fund | — | — | (43) | (43) | | **As of June 30, 2025** | **17,637** | **51,348** | **12,396** | **81,381** | - Certain Group entities are required to set aside a percentage of their income as a safety fund for improving machinery manufacturing safety, which is not available for distribution to shareholders[50](index=50&type=chunk) [26. Trade and Other Payables](index=21&type=section&id=26.%20Trade%20and%20Other%20Payables) As of June 30, 2025, total trade and other payables were RMB 81,614 thousand, a significant decrease from RMB 175,046 thousand as of December 31, 2024, primarily due to a reduction in bills payable and trade payables Trade and Other Payables Breakdown (RMB thousands) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Bills Payable | 32,507 | 88,033 | | Trade Payables | 35,137 | 71,601 | | Provision for Quality Assurance Expenses | 2,852 | 3,489 | | Quality Assurance Deposits from Suppliers | 2,635 | 2,835 | | Accrued Employee Benefits | 2,475 | 2,680 | | Other Taxes Payable | 802 | 723 | | Payables for Property, Plant and Equipment | 298 | 923 | | Others | 4,908 | 4,762 | | **Total** | **81,614** | **175,046** | - Bills payable are secured by pledged cash deposits with banks[51](index=51&type=chunk) Ageing Analysis of Trade Payables (RMB thousands) | Ageing | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Within 1 Year | 28,312 | 63,832 | | 1 to 2 Years | 6,747 | 6,377 | | Over 2 Years | 78 | 1,392 | | **Total** | **35,137** | **71,601** | [27. Dividends](index=21&type=section&id=27.%20Dividends) The final dividend for the year ended December 31, 2024, was paid on July 18, 2025, and the Board does not recommend an interim dividend for the six months ended June 30, 2025 - The final dividend of **RMB 0.08** per share (totaling **RMB 10,240 thousand**) for the year ended December 31, 2024, was paid on July 18, 2025[53](index=53&type=chunk) - The directors of the Company do not recommend the declaration of a dividend for the six months ended June 30, 2025[54](index=54&type=chunk) [28. Capital Commitments](index=22&type=section&id=28.%20Capital%20Commitments) As of June 30, 2025, contracted but unprovided capital expenditure was RMB 79 thousand, primarily for property, plant, and equipment Capital Commitments Contracted But Not Provided For (RMB thousands) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Property, Plant and Equipment | 79 | 662 | [29. Related Party Transactions](index=22&type=section&id=29.%20Related%20Party%20Transactions) The Group is ultimately controlled by Mr. Zhang Degang, Mr. Zhang Deqiang, and Ms. Zhang Jinghua, and there were no significant related party transactions during the period - The Group is ultimately controlled by Mr. Zhang Degang, Mr. Zhang Deqiang, and Ms. Zhang Jinghua, who held a **60.34%** direct equity interest in the Company as of June 30, 2025[56](index=56&type=chunk) - For the six months ended June 30, 2025, and 2024, the Group did not enter into any significant related party transactions[57](index=57&type=chunk) Key Management Compensation for the Six Months Ended June 30 (RMB thousands) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Wages, Salaries and Bonuses | 1,252 | 994 | | Benefits and Pensions | 296 | 289 | | **Total** | **1,548** | **1,283** | [Management Discussion and Analysis](index=23&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review](index=23&type=section&id=Business%20Review) In the first half of 2025, the Group faced dual pressures from China-US trade friction and exchange rate fluctuations, leading to a slight decline in steel cord industry exports; despite external challenges, the Group focused on its core business, advancing refined management and internal control governance, while China's automotive market, especially new energy vehicles, achieved significant growth in production and sales - In the first half of 2025, a new round of China-US tariff wars and renewed anti-dumping and countervailing duties on Chinese steel cord by the US subjected the industry to dual pressures from trade friction and exchange rate fluctuations[59](index=59&type=chunk) - The Company further focused on its core business, steadily advancing various operational tasks through refined management and internal control governance[59](index=59&type=chunk) - From January to June 2025, China's automobile production and sales increased by **12.5%** and **11.4%** year-on-year, respectively, with new energy vehicle production and sales growing by **41.4%** and **40.3%** respectively[59](index=59&type=chunk) - As of June 30, 2025, the Group achieved revenue of **RMB 136.68 million**, a year-on-year decrease of **11.0%**, and recorded a net profit of **RMB 21.955 million**, a year-on-year decrease of **30.4%**[59](index=59&type=chunk) [Revenue](index=23&type=section&id=Revenue) Revenue for the period was RMB 136.7 million, a 10.9% decrease from the prior period, mainly due to fewer customer acceptance and commissioning of production lines and standalone machines, with electro-brass steel wire production line sales significantly down but standalone machine sales notably up Revenue Breakdown for the Six Months Ended June 30 (RMB thousands) | Product Category | 2025 Units Sold | 2025 Revenue (RMB thousands) | 2025 % of Total | 2024 Units Sold | 2024 Revenue (RMB thousands) | 2024 % of Total | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Electro-brass Steel Wire Production Line Sales | 5 | 52,615 | 38.5 | 8 | 85,221 | 55.5 | | Other Production Line Sales | 2 | 1,725 | 1.3 | 6 | 6,997 | 4.6 | | Standalone Machine Sales | 689 | 75,030 | 54.9 | 312 | 49,242 | 32.1 | | Sales of Die Repair Equipment, Parts and Accessories | Not Applicable | 4,975 | 3.6 | Not Applicable | 9,707 | 6.3 | | Rental Income | Not Applicable | 2,337 | 1.7 | Not Applicable | 2,368 | 1.5 | | **Total** | | **136,682** | **100.0** | | **153,535** | **100.0** | - The decrease in revenue was primarily due to fewer customer acceptance and commissioning of production lines and standalone machines during the current period[62](index=62&type=chunk) - Sales revenue from electro-brass steel wire production lines decreased by **RMB 32.6 million**, mainly due to a reduction in accepted sets (5 sets in 2025 vs. 8 sets in 2024)[62](index=62&type=chunk) - Standalone machine sales revenue increased by approximately **52.4%** to **RMB 75.0 million**, primarily due to higher sales volume (689 sets in 2025 vs. 312 sets in 2024)[62](index=62&type=chunk) [Gross Profit and Gross Profit Margin](index=24&type=section&id=Gross%20Profit%20and%20Gross%20Profit%20Margin) Gross profit for the period was RMB 39.3 million, a 16.2% year-on-year decrease, with the overall gross profit margin declining by 1.7 percentage points to 28.8%, mainly due to a decrease in the overall selling prices of production lines and standalone machines - Gross profit for the period was **RMB 39.3 million**, a decrease of approximately **16.2%** compared to **RMB 46.9 million** in the same period of 2024[64](index=64&type=chunk) - The overall gross profit margin decreased by approximately **1.7** percentage points to **28.8%** from **30.5%** in the same period of 2024[64](index=64&type=chunk) - The decrease in gross profit margin was primarily due to a decrease in the overall selling prices of production lines and standalone machines during the current period[64](index=64&type=chunk) [Administrative Expenses](index=25&type=section&id=Administrative%20Expenses) Administrative expenses for the period were RMB 16.7 million, a decrease of RMB 4.0 million from the prior period - Administrative expenses were **RMB 16.7 million**, a decrease of **RMB 4.0 million** compared to **RMB 20.7 million** in the same period of 2024[65](index=65&type=chunk) [Net Reversal of Impairment Loss on Financial Assets](index=25&type=section&id=Net%20Reversal%20of%20Impairment%20Loss%20on%20Financial%20Assets) The period recorded a net reversal of impairment loss on financial assets of RMB 0.7 million, primarily due to a decrease in trade receivables - The Group recorded a net reversal of impairment loss on financial assets of **RMB 0.7 million**[66](index=66&type=chunk) - This primarily resulted from a decrease in trade receivables from **RMB 294.1 million** as of December 31, 2024, to **RMB 228.1 million** as of June 30, 2025[66](index=66&type=chunk) [Other (Losses) / Gains — Net](index=25&type=section&id=Other%20%28Losses%29%20%2F%20Gains%20%E2%80%94%20Net) The period recorded other net losses of RMB 0.13 million, compared to net gains of RMB 1.9 million in the prior period, mainly due to the absence of gains from the disposal of buildings by subsidiary Haisheng Software during the period - The Group recorded other net losses of **RMB 0.13 million**, compared to other net gains of **RMB 1.9 million** in the same period of 2024[67](index=67&type=chunk) - The decrease in other net gains was primarily due to the absence of gains from the disposal of buildings by the Company's subsidiary, Haisheng Software, during the current period[67](index=67&type=chunk) [Finance Income](index=25&type=section&id=Finance%20Income) Finance income for the period was RMB 0.6 million, a significant decrease from RMB 4.1 million in the prior period, primarily due to reduced bank interest income - The Group recorded finance income of **RMB 0.6 million**, compared to finance income of **RMB 4.1 million** in the same period of 2024[68](index=68&type=chunk) - The decrease in finance income was primarily due to reduced bank interest income[68](index=68&type=chunk) [Income Tax Expense](index=25&type=section&id=Income%20Tax%20Expense) Income tax expense for the period was RMB 4.3 million, a decrease from RMB 4.9 million in the prior period, primarily due to reduced taxable income - The Group recorded income tax expense of **RMB 4.3 million**, compared to income tax expense of **RMB 4.9 million** in the same period of 2024[69](index=69&type=chunk) - The decrease in income tax expense was primarily due to reduced taxable income[69](index=69&type=chunk) [Contract Assets and Trade Receivables](index=25&type=section&id=Contract%20Assets%20and%20Trade%20Receivables) As of June 30, 2025, contract assets decreased by 8.3% to RMB 45.4 million, mainly due to a reduction in remaining unsatisfied performance obligations, while trade receivables decreased by 35.3% to RMB 148.2 million, primarily due to the collection of large receivables - Contract assets were **RMB 45.4 million**, a decrease of **8.3%** from **RMB 49.5 million** as of December 31, 2024, primarily due to a reduction in the Group's remaining unsatisfied performance obligations as of June 30, 2025[70](index=70&type=chunk) - Trade receivables were **RMB 148.2 million**, a decrease of **35.3%** from **RMB 229.1 million** as of December 31, 2024, primarily due to the collection of large receivables by the Group[70](index=70&type=chunk) [Inventories](index=26&type=section&id=Inventories) The Group's inventories decreased by 34.2% from RMB 208.2 million as of December 31, 2024, to RMB 136.9 million as of June 30, 2025, mainly due to a reduction in finished goods resulting from fewer production orders - Inventories decreased by approximately **34.2%** from **RMB 208.2 million** as of December 31, 2024, to **RMB 136.9 million** as of June 30, 2025[71](index=71&type=chunk) - This was primarily due to a reduction in finished goods resulting from fewer production orders[71](index=71&type=chunk) [Trade Payables and Bills Payable](index=26&type=section&id=Trade%20Payables%20and%20Bills%20Payable) As of June 30, 2025, trade payables and bills payable were RMB 81.6 million, a 53.4% decrease from RMB 175.0 million as of December 31, 2024, primarily due to reduced procurement during the period - Trade payables and bills payable were **RMB 81.6 million**, a decrease of **53.4%** from **RMB 175.0 million** as of December 31, 2024[72](index=72&type=chunk) - This was primarily due to reduced procurement during the period[72](index=72&type=chunk) [Cash Position and Available Funds](index=26&type=section&id=Cash%20Position%20and%20Available%20Funds) The Group maintains a robust liquidity position with no outstanding bank borrowings as of June 30, 2025; total cash and bank balances were RMB 443.2 million, the current ratio increased to 3.87 times, and the gearing ratio remained at zero - The Group maintains a robust liquidity position by funding working capital through operating cash flows, with no outstanding bank borrowings as of June 30, 2025[73](index=73&type=chunk) - As of June 30, 2025, the Group's total cash and bank balances were **RMB 443.2 million** (December 31, 2024: **RMB 424.0 million**)[73](index=73&type=chunk) - As of June 30, 2025, the Group's current ratio was **3.87 times** (December 31, 2024: **2.53 times**), with the increase primarily due to a reduction in contract liabilities[73](index=73&type=chunk) - As of June 30, 2025, the Group's gearing ratio was **zero** (December 31, 2024: **zero**)[73](index=73&type=chunk) [Material Investments](index=26&type=section&id=Material%20Investments) The Group did not make any material investments during the period - During the period, the Group did not make any material investments[74](index=74&type=chunk) [Material Acquisitions and Disposals of Assets](index=26&type=section&id=Material%20Acquisitions%20and%20Disposals%20of%20Assets) The Group did not undertake any material acquisitions or disposals of subsidiaries, associates, joint ventures, or assets during the period - During the period, the Group did not undertake any material acquisitions or disposals of subsidiaries, associates, joint ventures, or assets[75](index=75&type=chunk) [Pledge of Group Assets](index=27&type=section&id=Pledge%20of%20Group%20Assets) As of June 30, 2025, cash deposits of RMB 34.2 million were pledged to banks as security for bills payable and letters of guarantee, a decrease from RMB 76.9 million as of December 31, 2024 - As of June 30, 2025, cash deposits of **RMB 34.2 million** (December 31, 2024: **RMB 76.9 million**) were pledged to banks as security for bills payable and letters of guarantee[76](index=76&type=chunk) [Future Plans for Material Investments and Expected Sources of Funds](index=27&type=section&id=Future%20Plans%20for%20Material%20Investments%20and%20Expected%20Sources%20of%20Funds) The Group will continue to implement a diversified development strategy and actively seek potential investment opportunities, with no future material investment plans or expected sources of funds other than those disclosed in the prospectus as of June 30, 2025 - The Group will continue to implement a diversified development strategy and actively seek potential investment opportunities[77](index=77&type=chunk) - As of June 30, 2025, the Group had no future material investment plans or expected sources of funds, other than those disclosed in the prospectus or this announcement[77](index=77&type=chunk) [Capital Expenditure](index=27&type=section&id=Capital%20Expenditure) Capital expenditure for the period was RMB 2.5 million, a significant increase from RMB 0.4 million in the prior period, primarily related to the acquisition of machinery and tools - During the period, the Group's capital expenditure was **RMB 2.5 million** (for the six months ended June 30, 2024: **RMB 0.4 million**), primarily related to the acquisition of machinery and tools[78](index=78&type=chunk) [Properties Held for Sale](index=27&type=section&id=Properties%20Held%20for%20Sale) The Group purchased 166 residential properties in 2018, of which 14 units were sold during the period for a total consideration of approximately RMB 1.5 million, with the book value of unsold units approximately RMB 7.4 million as of June 30, 2025 - The Group purchased 166 residential units and supporting facilities at Tongxing Garden, No. 269 Guangxing Road, Kenli District, Dongying City, Shandong Province, China, in 2018[79](index=79&type=chunk) - During the period, the Group sold 14 of these residential units for a total consideration of approximately **RMB 1.5 million**[79](index=79&type=chunk) - The book value of the unsold units was approximately **RMB 7.4 million** as of June 30, 2025, representing **0.8%** of the Group's total assets[79](index=79&type=chunk) [Capital Structure](index=28&type=section&id=Capital%20Structure) The Group's capital structure remained unchanged during the period, consisting solely of ordinary shares, with no treasury shares held or sold - During the period, the Group's capital structure remained unchanged, with capital consisting solely of ordinary shares[81](index=81&type=chunk) - During the period, the Company did not hold or sell any treasury shares of the Company[81](index=81&type=chunk) [Foreign Currency Risk](index=28&type=section&id=Foreign%20Currency%20Risk) The Group primarily transacts in RMB, but some trade receivables and bank deposits are denominated in USD, exposing it to foreign currency exchange risk, where a 5% fluctuation in the USD/RMB exchange rate would impact net profit by approximately RMB 3.9 million - The Group operates in China, with most transactions denominated and settled in RMB, except for certain trade receivables and bank deposits denominated in USD, thus facing foreign currency exchange risk[82](index=82&type=chunk) - If the USD were to appreciate/depreciate by **5%** against the RMB, with all other variables remaining constant, the Group's net profit for the period would increase/decrease by approximately **RMB 3.9 million** due to various USD-denominated financial assets[82](index=82&type=chunk) [Use of Net Proceeds from Listing](index=28&type=section&id=Use%20of%20Net%20Proceeds%20from%20Listing) The net proceeds from the listing, approximately HKD 209.5 million, were primarily intended for constructing new manufacturing facilities and a new R&D center in Wuxi; this project was delayed due to changes in business development strategy and the impact of the pandemic, with approximately HKD 37.27 million of unutilized proceeds remaining as of June 30, 2025 - The net proceeds from the listing were approximately **HKD 209.5 million** (equivalent to approximately **RMB 165.3 million**)[83](index=83&type=chunk) - The proceeds were primarily used for the construction of new manufacturing facilities and a new research and development center in Wuxi, Jiangsu Province, China[84](index=84&type=chunk) Use of Net Proceeds from Listing (HKD) | Planned Use | Planned Net Proceeds from Listing | Utilized as of June 30, 2025 | Interest Income | Amount Utilized for the Year Ended June 30, 2025 | Unutilized Balance | Expected Timeline | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Funding for New Wuxi Facilities and R&D Center | 163,000,000.00 | 140,370,000.00 | 14,640,000.00 | 2,030,000.00 | 37,270,000.00 | On or before December 31, 2027 | | Development of Certain Target R&D Projects | 25,500,000.00 | 26,634,000.00 | 1,134,000.00 | — | 0.00 | | | General Working Capital and Other General Corporate Purposes | 21,000,000.00 | 21,000,000.00 | — | — | 0.00 | | | **Total** | **209,500,000.00** | **188,004,000.00** | **15,774,000.00** | **2,030,000.00** | **37,270,000.00** | | - The construction of new facilities and a new R&D center in Wuxi was delayed due to changes in business development strategy and the outbreak of COVID-19[85](index=85&type=chunk)[86](index=86&type=chunk) [Outlook](index=30&type=section&id=Outlook) Despite China-US trade friction, the Group will capitalize on the rising penetration of new energy vehicles, global rebalancing, and green manufacturing trends, guided by a strategy of "high-end, intelligent, international, and green development," driven by "overseas expansion + high-end upgrading," to increase R&D investment, promote product iteration and upgrading, and achieve sustainable development - Looking ahead, despite China-US trade friction remaining a short-term disruptive factor, the three major trends of increasing new energy vehicle penetration, global rebalancing, and green manufacturing are irreversible[87](index=87&type=chunk) - The Group will continue to adhere to "high-end, intelligent, international, and green development" as its strategic main axis, maintaining a dual-driven model of "overseas expansion + high-end upgrading"[87](index=87&type=chunk) - The Group will continue to increase R&D investment, collaborate with upstream and downstream industrial chain partners to tackle key core technologies, and continuously promote product iteration and upgrading towards smarter and greener directions[87](index=87&type=chunk) [Employees and Remuneration Information](index=30&type=section&id=Employees%20and%20Remuneration%20Information) As of June 30, 2025, the Group employed 154 full-time employees, a decrease from the prior year, with total employee remuneration for the period approximately RMB 11.8 million; the Group values talent development, with remuneration policies based on performance and qualifications, and a remuneration committee in place - As of June 30, 2025, the Group employed a total of **154** (December 31, 2024: **191**) full-time employees[88](index=88&type=chunk) - During the period, the Group's total employee remuneration was approximately **RMB 11.8 million** (for the six months ended June 30, 2024: approximately **RMB 15.4 million**), representing approximately **8.7%** of the Group's total revenue[88](index=88&type=chunk) - The Group's remuneration policy is formulated and regularly reviewed based on individual employee performance and qualifications, and a remuneration committee has been established[88](index=88&type=chunk)[89](index=89&type=chunk) [Other Information](index=31&type=section&id=Other%20Information) [Share Option Scheme](index=31&type=section&id=Share%20Option%20Scheme) As of June 30, 2025, the Company had no existing share option schemes, nor any outstanding share options or share awards granted but not yet exercised - As of June 30, 2025, the Company had no existing share option schemes, nor any outstanding share options or share awards granted but not yet exercised[90](index=90&type=chunk) [Contingent Liabilities](index=31&type=section&id=Contingent%20Liabilities) As of June 30, 2025, the Group had no material contingent liabilities - As of June 30, 2025, the Group had no material contingent liabilities[91](index=91&type=chunk) [Compliance with Corporate Governance Code](index=31&type=section&id=Compliance%20with%20Corporate%20Governance%20Code) The Company has adopted the Corporate Governance Code set out in Appendix C1 to the Listing Rules and has fully complied with all code provisions during the period and up to the date of this announcement - The Company has adopted the Corporate Governance Code set out in Appendix C1 to the Listing Rules and is satisfied that the Company has complied with all code provisions of the Corporate Governance Code during the period and up to the date of this announcement[92](index=92&type=chunk) [Compliance with Model Code for Securities Transactions by Directors of Listed Issuers](index=32&type=section&id=Compliance%20with%20Model%20Code%20for%20Securities%20Transactions%20by%20Directors%20of%20Listed%20Issuers) The Company has adopted the Model Code set out in Appendix C3 to the Listing Rules, and all directors and supervisors have confirmed full compliance with the code during the period up to the date of this announcement - The Company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers set out in Appendix C3 to the Listing Rules[93](index=93&type=chunk) - Following specific enquiries, each of the Company's directors and supervisors has confirmed that they have fully complied with the required standards set out in the Model Code during the period up to the date of this announcement[93](index=93&type=chunk) [Interests of Directors, Supervisors and Chief Executive in Securities](index=33&type=section&id=Interests%20of%20Directors%2C%20Supervisors%20and%20Chief%20Executive%20in%20Securities) As of June 30, 2025, Mr. Zhang Degang, Mr. Zhang Deqiang, and Ms. Zhang Jinghua, acting in concert, held beneficial and jointly held interests in the Company's domestic shares, with Mr. Zhang Degang and Mr. Zhang Deqiang also holding interests in controlled corporations Directors' Interests in the Company's Shares (as of June 30, 2025) | Director Name | Class of Shares | Number of Shares | Nature of Interest | Approximate Percentage of Relevant Class of Share Capital | Approximate Percentage of Total Issued Share Capital | | :--- | :--- | :--- | :--- | :--- | :--- | | Mr. Zhang Degang | Domestic Shares | 26,821,504 | Beneficial Owner | 27.94% | 20.96% | | | Domestic Shares | 50,410,496 | Jointly Held Interest with Other Persons | 52.51% | 39.38% | | | Domestic Shares | 4,416,000 | Interest in Controlled Corporation | 4.60% | 3.45% | | Mr. Zhang Deqiang | Domestic Shares | 29,983,104 | Beneficial Owner | 31.23% | 23.42% | | | Domestic Shares | 47,248,896 | Jointly Held Interest with Other Persons | 49.22% | 36.92% | | | Domestic Shares | 4,416,000 | Interest in Controlled Corporation | 4.60% | 3.45% | | Ms. Zhang Jinghua | Domestic Shares | 20,427,392 | Beneficial Owner | 21.28% | 15.96% | | | Domestic Shares | 61,220,608 | Jointly Held Interest with Other Persons | 63.77% | 47.83% | - Mr. Zhang Degang, Mr. Zhang Deqiang, and Ms. Zhang Jinghua are parties acting in concert, and each is deemed to have an interest in the shares held by them respectively[94](index=94&type=chunk) - Mr. Zhang Degang and Mr. Zhang Deqiang are the two general partners of Wuxi Shunxin Investment Enterprise (Limited Partnership) and are therefore deemed to have an interest in the shares held by Shunxin[94](index=94&type=chunk) [Interests and Short Positions of Substantial Shareholders](index=34&type=section&id=Interests%20and%20Short%20Positions%20of%20Substantial%20Shareholders) As far as the directors are aware, as of June 30, 2025, no person or corporation (other than the Company's directors, chief executive, or supervisors) had any disclosable interests or short positions in the Company's shares or related shares - As far as the directors are aware, as of June 30, 2025, no person or corporation (other than the Company's directors, chief executive, or supervisors) had or was deemed or taken to have any interests or short positions in the shares or underlying shares of the Company which would fall to be disclosed to the Company under the provisions of Divisions 2 and 3 of Part XV of the Securities and Futures Ordinance or which were recorded in the register required to be kept under Section 336 of the Securities and Futures Ordinance[96](index=96&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=34&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company%E2%80%99s%20Listed%20Securities) During the period, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities - During the period, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities[97](index=97&type=chunk) [Directors' Material Interests in Contracts](index=34&type=section&id=Directors%E2%80%99%20Material%20Interests%20in%20Contracts) Save as disclosed in the prospectus or above, no director had any material interest in any contract entered into by the Group that was significant to its business during the period - Save as disclosed in the prospectus or above, no director had any material interest in any contract entered into by the Company or any of its subsidiaries that was significant to the Group's business during the period[98](index=98&type=chunk) [Competing Business](index=34&type=section&id=Competing%20Business) During the period, the directors were not aware of any business or interest of the directors, controlling shareholders of the Company, and their respective close associates that competed or might compete with the Group's business - During the period, the directors were not aware of any business or interest of the directors, controlling shareholders of the Company, and their respective close associates that competed or might compete with the Group's business, or any other conflicts of interest with the Group[99](index=99&type=chunk) [Dividends](index=34&type=section&id=Dividends) The final dividend for the year ended December 31, 2024, was paid on July 18, 2025, and the directors have resolved not to recommend an interim dividend for the current period - The proposal to pay a final dividend of **RMB 0.08** per share (pre-tax) (totaling **RMB 10,240 thousand** (pre-tax)) for the year ended December 31, 2024, was approved at the annual general meeting and paid on July 18, 2025[100](index=100&type=chunk) - The directors have resolved not to recommend an interim dividend for the current period (for the six months ended June 30, 2024: nil)[101](index=101&type=chunk) [Review by Audit Committee](index=35&type=section&id=Review%20by%20Audit%20Committee) The Audit Committee has reviewed the Group's unaudited interim results and financial information for the period and discussed matters related to risk management, internal control systems, and financial reporting - The Audit Committee held a meeting to discuss the Company's risk management, internal control systems, and financial reporting matters, including reviewing the Group's unaudited interim results and unaudited condensed consolidated interim financial information for the period[102](index=102&type=chunk) [Sufficiency of Public Float](index=35&type=section&id=Sufficiency%20of%20Public%20Float) Based on publicly available information and to the best knowledge of the directors, the Company has maintained the minimum public float as prescribed by the Listing Rules up to the date of this announcement - Based on publicly available information and to the best knowledge of the directors, the Company has maintained the minimum public float as prescribed by the Listing Rules up to the date of this announcement[103](index=103&type=chunk) [Events After Reporting Period](index=35&type=section&id=Events%20After%20Reporting%20Period) No significant disclosable events occurred after June 30, 2025, up to the date of this announcement - No significant disclosable events occurred after June 30, 2025, up to the date of this announcement[104](index=104&type=chunk) [Publication of Interim Results and Interim Report](index=35&type=section&id=Publication%20of%20Interim%20Results%20and%20Interim%20Report) This announcement has been published on the HKEX website and the Company's website, and the interim report for the period, containing all relevant information, will be issued by the Company and published on the aforementioned websites - This announcement is published on the HKEX website (www.hkex.com.hk) and the Company's website (www.wxsunlit.com)[105](index=105&type=chunk) - The interim report for the period, containing all relevant information as required by Appendix D2 of the Listing Rules, will be issued by the Company and published on the aforementioned websites in accordance with the Listing Rules[105](index=105&type=chunk)

Core Viewpoint - The company, Shengli Technology (01289.HK), announced that its board of directors will hold a meeting on August 28, 2025, to review and approve the unaudited consolidated interim results for the six months ending June 30, 2025, and to consider the distribution of an interim dividend, if any [1] Group 1 - The board meeting is scheduled for August 28, 2025 [1] - The meeting will focus on reviewing the unaudited consolidated interim results for the six months ending June 30, 2025 [1] - The board will also consider the potential distribution of an interim dividend [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。 主席 張德剛 香港，2025年8月18日 於本公告日期，本公司執行董事為張德剛先生、張德強先生及馮麗麗女士；本公司 非執行董事為張靜華女士；而本公司獨立非執行董事為梁耀祖先生、俞建峰先生及 鍾瑞峰先生。 董事會會議通告 無錫盛力達科技股份有限公司（「本公司」，連同其附屬公司稱為「本集團」）董事會 （「董事會」）謹此宣佈，董事會將於2025年8月28日（星期四）舉行會議，藉以（其中包 括）省覽及批准本集團截至2025年6月30日止六個月的未經審核綜合中期業績，以及 考慮派發中期股息（如有）。 承董事會命 無錫盛力達科技股份有限公司 Wuxi Sunlit Science and Technology Company Limited* 無錫盛力達科技股份有限公司 （在中華人民共和國成立的股份有限公司） （股份代號：1289） * 僅供識別 ...

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: 無錫盛力達科技股份有限公司（在中華人民共和國成立的股份有限公司） 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 內資股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 96,000,000 | RMB | | 1 | RMB | | 96,000,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 96,000,000 | RMB | | 1 | RMB | ...

Financial Performance - For the year ended December 31, 2024, the company's revenue increased by 64.7% to RMB 516.0 million, compared to RMB 313.3 million in 2023[11] - Gross profit for the year was RMB 143.2 million, reflecting a 49.3% increase from RMB 95.9 million in the previous year[11] - Profit attributable to equity shareholders rose by 68.9% to RMB 49.5 million, up from RMB 29.3 million in 2023[11] - Basic and diluted earnings per share increased by 68.8% to RMB 38.7 cents, compared to RMB 22.93 cents in the prior year[11] - The Group's revenue for the year ended 31 December 2024 increased by 65% to RMB516 million, compared to RMB313 million in 2023[20] - Net profit for the year was RMB49.54 million, representing a year-on-year increase of RMB20.18 million from RMB29.35 million in 2023[20] - Earnings per share rose to RMB38.70 cents, up from RMB22.93 cents in 2023[20] Assets and Liabilities - Total assets as of December 31, 2024, were RMB 1,063,564 thousand, a 3.3% increase from RMB 1,029,125 thousand in 2023[12] - Net current assets increased by 15.7% to RMB 537,095 thousand, compared to RMB 464,166 thousand in the previous year[12] - The company achieved a current ratio of 2.5, up from 2.3 in 2023, indicating improved liquidity[13] - Total cash and bank balances increased to approximately RMB424,028,000 as of December 31, 2024, compared to approximately RMB246,375,000 as of December 31, 2023[71] - Inventories decreased by approximately 20.0% from approximately RMB260.3 million at the end of 2023 to approximately RMB208.2 million at the end of 2024[67] - Trade receivables decreased by approximately 12.6% from approximately RMB391.7 million as of December 31, 2023, to approximately RMB342.3 million as of December 31, 2024[62] - As of December 31, 2024, the Group had no borrowings, maintaining a strong net cash position[79] Operational Strategies - The company successfully adjusted its operational strategies in response to external economic conditions and internal challenges, enhancing risk management and cost control[16] - The Group's strategic focus will remain on core business operations while enhancing internal management and cost control measures[31] - The Group aims to enhance its product offerings towards higher-end, intelligent, and green developments through increased R&D investment[98] Research and Development - The Company plans to intensify research and development of new products and technologies to enhance its market position and brand value[26] - Revenue from brass electroplating wire production lines increased by approximately 88.6% to RMB99 million, compared to RMB52.5 million in 2023[39] - Revenue from standalone machines rose by approximately 60.9% to RMB376.1 million, up from RMB233.8 million in 2023[40] - Revenue from other mould repairing equipment, components parts and accessories increased by approximately 10.9% to approximately RMB15.1 million in 2024 from approximately RMB13.6 million in 2023, primarily due to an increase in the number of renovation projects[47] Corporate Governance - The Company is committed to high standards of corporate governance, which is essential for enhancing investor confidence and maximizing shareholder returns[199] - The Board has established four committees: Audit Committee, Remuneration and Assessment Committee, Nomination Committee, and Strategic Committee to oversee various aspects of the Company's affairs[200] - The Group has established a sound internal control system, significantly improving internal work processes and effectively controlling operational risks[193] Employee and Management - As of December 31, 2024, the Group employed a total of 181 full-time employees, a decrease from 197 employees as of December 31, 2023[102] - The total employee remuneration for the year ended December 31, 2024, was approximately RMB28.8 million, compared to approximately RMB27.9 million in 2023, reflecting an increase of about 3.2%[102] - The company has adhered to relevant laws, regulations, and the Hong Kong Stock Exchange listing rules in its operations[184] - The leadership team has a diverse background in finance, technology, and management, which supports the company's strategic objectives[143][144][148] Awards and Recognition - The company was awarded the national title of "Specialized and Innovative Small Giant," highlighting its industry-leading innovation and specialization[17] - The Group received the national-level honorary title of "Specialized and New Small Giant," indicating its leading position in product innovation and technology-driven development[22] Financial Risks - If the USD had strengthened/weakened by 5% against the RMB, the Group's post-tax profits for the year would have been approximately RMB4,350,000 higher/lower[84] - The Group's foreign currency risk is considered to be at an acceptable level during the year[83] - The Group continues to face challenges in the tire market due to global economic fluctuations and trade uncertainties[98]

Financial Performance - Revenue for the year ended December 31, 2024, increased by 64.7% to RMB 516.0 million from RMB 313.3 million in 2023[2] - Gross profit rose by 49.3% to RMB 143.2 million, compared to RMB 95.9 million in the previous year[2] - Profit before tax increased by 66.3% to RMB 56.7 million, up from RMB 34.1 million in 2023[2] - Net profit for the year was RMB 49.5 million, reflecting a 68.9% increase from RMB 29.3 million in 2023[2] - Basic and diluted earnings per share rose by 68.8% to RMB 38.70, compared to RMB 22.93 in the previous year[2] - Total revenue for the year ended December 31, 2024, was RMB 516,019,000, representing a 64.8% increase from RMB 313,265,000 in 2023[15] - Revenue from the sale of electroplated brass wire production lines reached RMB 98,962,000 in 2024, up from RMB 52,472,000 in 2023, a growth of 88.5%[15] - The company generated RMB 468,626,000 in revenue from China, a significant increase of 50.2% compared to RMB 312,100,000 in 2023[15] - Basic earnings per share for 2024 were RMB 38.70, compared to RMB 29.34 in 2023, reflecting a growth of 31.8%[24] - The net profit for the fiscal year ending December 31, 2024, was RMB 49.5 million, up from RMB 29.3 million in 2023, resulting in a net profit margin of approximately 9.6%[53] Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 1,063.6 million, an increase from RMB 1,029.1 million in 2023[6] - Total equity increased to RMB 713.0 million from RMB 673.7 million in the previous year[6] - Current liabilities decreased slightly to RMB 350.5 million from RMB 355.4 million in 2023[7] - The company reported a significant increase in contract assets, rising to RMB 49.5 million from RMB 33.5 million in 2023[6] - Trade receivables decreased to RMB 184,835,000 in 2024 from RMB 236,680,000 in 2023, a decline of 22%[27] - The company recorded a decrease in trade payables and notes payable by 9.5% from RMB 193.3 million at the end of 2023 to RMB 175.0 million at the end of 2024, mainly due to reduced procurement volume[51] - The company’s deferred tax liabilities decreased to RMB 10,654,000 in 2024 from RMB 5,646,000 in 2023, indicating a change in tax position[19] Cash Flow and Investments - As of December 31, 2024, the total cash and bank balances of the group amounted to approximately RMB 424,028,000, an increase from RMB 246,375,000 as of December 31, 2023[54] - The current ratio of the group as of December 31, 2024, was 2.53, compared to 2.31 as of December 31, 2023[55] - The group maintained a zero debt-to-equity ratio as of December 31, 2024, indicating a strong net cash position[56] - Capital expenditures for the year were approximately RMB 984,000, significantly lower than RMB 5,200,000 in the previous year, related to the purchase of machinery and equipment[58] - The net proceeds from the IPO amounted to approximately HKD 209,500,000 (equivalent to about RMB 165,300,000) after deducting underwriting commissions and related expenses[61] - As of December 31, 2024, the unutilized balance of the net proceeds from the IPO was approximately HKD 39,127,000[62] Employee and Compensation - The group employed a total of 181 full-time employees as of December 31, 2024, down from 197 employees in the previous year[66] - Total employee compensation for the year was approximately RMB 28,800,000, compared to RMB 27,900,000 in the previous year[66] Dividends and Shareholder Information - The company proposed a final dividend of RMB 0.08 per share for the fiscal year ending December 31, 2024, totaling RMB 10.24 million, pending shareholder approval[34] - The board proposed a final dividend of RMB 0.08 per share, totaling RMB 10,240,000, subject to shareholder approval at the annual general meeting on June 27, 2025[80] - The annual general meeting is scheduled for June 27, 2025, with a suspension of share transfer registration from May 28, 2025, to June 27, 2025[81] Risk Management - The group faced foreign exchange risk due to transactions denominated in currencies other than its functional currency, with a potential impact of RMB 4,350,000 on after-tax profits if the USD appreciated/depreciated by 5% against the RMB[60] - The company had no outstanding forward foreign exchange contracts as of December 31, 2024[18] Future Plans and Strategy - The company plans to continue investing in R&D and enhancing product quality to meet challenges in the tire market amid global economic fluctuations[65] - The company plans to continue implementing a diversified development strategy and actively seek potential investment opportunities in the future[74] - The company has no significant future investment plans beyond those disclosed in the prospectus or this announcement as of December 31, 2024[75] Other Information - The company recorded a foreign exchange gain of RMB 1,440,000 in 2024, up from RMB 1,120,000 in 2023, an increase of 28.6%[18] - Current tax expense for the year was RMB 17,845,000, compared to RMB 10,401,000 in 2023, an increase of 71.5%[19] - The company’s inventory decreased by 20% from RMB 260.3 million at the end of 2023 to RMB 208.2 million at the end of 2024, primarily due to a reduction in unfinished sales contracts[50] - The company’s other income surged by 325% to approximately RMB 10.2 million in 2024, mainly due to an increase in fixed deposits[40] - Selling expenses rose by 71.4% to approximately RMB 4.8 million in 2024, attributed to an increase in sales orders[41] - Financial assets impairment losses increased from RMB 23.9 million in 2023 to RMB 40.7 million in 2024, reflecting heightened credit risk due to economic changes[43] - The company sold eight properties for a total consideration of RMB 2,560,800, recording a gain of RMB 1,169,000 for the year ending December 31, 2024[70] - Two residential units were sold for approximately RMB 400,000, with the remaining unsold units having a book value of approximately RMB 8,440,000, representing about 4.7% of the total assets as of December 31, 2024[72] - As of December 31, 2024, cash deposits of approximately RMB 76,900,000 were pledged to banks as collateral, an increase from RMB 65,100,000 as of December 31, 2023[73] - The audit committee reviewed the accounting principles and financial reporting systems, ensuring compliance with corporate governance codes[84] - There were no major events after the reporting period up to the date of this report[79]

Financial Performance - Revenue for the six months ended June 30, 2024, reached RMB 153,535,000, representing a 189.3% increase compared to RMB 53,076,000 for the same period in 2023[4] - Gross profit for the period was RMB 46,851,000, up 173.0% from RMB 17,161,000 in the previous year[4] - Profit before income tax increased to RMB 36,466,000, a significant rise of 274.5% from RMB 9,736,000 in 2023[4] - Profit for the period attributable to shareholders of the Company was RMB 31,557,000, reflecting a 298.0% increase compared to RMB 7,928,000 in the same period last year[4] - Earnings per share attributable to shareholders for the period was 24.65 RMB cents, up 298.2% from 6.19 RMB cents in 2023[4] - In the first half of 2024, the Group's total revenue increased by approximately 189.3% year-on-year to RMB 153.54 million, while net profit rose by approximately 298.0% to approximately RMB 31.56 million[8] - The overall gross profit margin for the first half of 2024 was approximately 30.5%, down from 32.3% in the same period of 2023[10] - Operating profit increased to RMB 32.4 million for the six months ended June 30, 2024, up from RMB 6.9 million in the prior year, indicating a substantial rise in operational efficiency[34] - Profit attributable to shareholders for the period was RMB 31.6 million, compared to RMB 7.9 million for the same period in 2023, marking an increase of 299.5%[34] Assets and Liabilities - Total assets as of June 30, 2024, amounted to RMB 1,171,877,000, a 13.9% increase from RMB 1,029,125,000 at the end of 2023[4] - Net current assets were reported at RMB 502,053,000, an 8.2% increase from RMB 464,166,000 in the previous year[4] - Total liabilities increased to RMB 476,839,000, marking a 34.2% rise from RMB 355,404,000 in 2023[4] - Current ratio as of June 30, 2024, was 2.1, down from 2.3 at the end of 2023[4] - Trade receivables decreased by 17.1% to RMB 261.5 million as of June 30, 2024, down from RMB 315.5 million as of December 31, 2023, primarily due to the collection of a substantial portion of receivables[15] - The Group's inventories increased by approximately 35.3% to RMB 352.2 million as of June 30, 2024, from RMB 260.3 million as of December 31, 2023, mainly due to an increase in work in progress products[15] - Trade and notes payable amounted to RMB 229.5 million as of June 30, 2024, an increase of 18.7% from RMB 193.3 million as of December 31, 2023, primarily due to increased procurement[15] Cash Flow and Investments - Cash generated from operations for the six months ended June 30, 2024, was RMB 69,752 thousand, significantly higher than RMB 21,630 thousand for the same period in 2023, marking an increase of approximately 222.5%[40] - Net cash flows from operating activities reached RMB 60,635 thousand, compared to RMB 21,010 thousand in the prior year, reflecting a growth of around 188.5%[40] - The net cash flows used in investing activities were RMB 52,300 thousand for the six months ended June 30, 2024, compared to RMB 21,932 thousand in the same period of 2023[40] - The Group's cash and bank balances totaled RMB 355.6 million as of 30 June 2024, an increase from RMB 246.4 million as of 31 December 2023, including cash and cash equivalents of RMB 82.3 million[16] Revenue Sources - Revenue from the sales of standalone machines was RMB 49.2 million, an increase of approximately 35.9% from RMB 36.2 million in the same period of 2023, with 312 sets accepted in 2024 compared to 202 sets in 2023[10] - Revenue from other production lines amounted to RMB 7.0 million, representing an increase of 1,085.9% compared to RMB 0.6 million in the same period last year[10] - Revenue from sales of production lines for brass electroplating wire reached RMB 85,221 thousand, up from RMB 5,929 thousand in 2023, indicating a growth of 1,340%[50] - Revenue from the PRC market accounted for RMB 147,259 thousand, a substantial rise from RMB 52,014 thousand in 2023, marking an increase of 183.5%[51] Expenses and Costs - Administrative expenses increased to RMB 20.7 million, up from RMB 15.7 million in the same period of 2023, primarily due to increased impairment losses on properties held for sale[11] - The Group's expenses for raw materials used were RMB 179,725 thousand, compared to RMB 99,644 thousand in 2023, showing an increase of 80.5%[54] - The total cost of sales, selling expenses, and administrative expenses amounted to RMB 129,050 thousand, significantly higher than RMB 52,857 thousand in 2023, representing an increase of 143.5%[54] Shareholder Information - The Company plans to utilize part of the temporary idle proceeds to purchase wealth management products to enhance capital revenue[21] - The net proceeds from the listing will also be used for the construction of a new manufacturing facility and a new research & development center in Wuxi, Jiangsu Province[21] - The total planned use of net proceeds from the Listing amounts to HK$209.50 million, with HK$184.73 million already utilised as of June 30, 2024[22] - A final dividend of RMB0.08 per share was approved, totaling RMB10,240,000, paid on July 19, 2024[108] Corporate Governance - The company has complied with all code provisions under the Corporate Governance Code during the six months ended June 30, 2024[113] - The company adheres to the Corporate Governance Code as set out in the Listing Rules[120] - The company has a defined structure for its Board of Directors as per the Listing Rules[120] - The company emphasizes transparency and adherence to the Model Code for securities transactions by directors[120]

Financial Performance - Revenue for the six months ended June 30, 2024, reached RMB 153,535, representing a 189.3% increase compared to RMB 53,076 for the same period in 2023[1] - Gross profit for the same period was RMB 46,851, up 173.0% from RMB 17,161 in the previous year[2] - Profit before tax increased by 274.5% to RMB 36,466, compared to RMB 9,736 in the prior year[2] - Net profit attributable to shareholders was RMB 31,557, a significant rise of 298.0% from RMB 7,928 in the previous period[2] - Basic and diluted earnings per share for the period were RMB 24.65, compared to RMB 6.19 in the same period last year, marking an increase of 298.2%[2] - The company reported a significant increase in financial income, which reached RMB 4,098, compared to RMB 2,844 in the previous year[2] - The total cost of sales, selling expenses, and administrative expenses amounted to RMB 129,050,000, compared to RMB 52,857,000 in the previous year, indicating a rise of 144%[14] - Income tax expenses rose to RMB 4.9 million from RMB 1.8 million in the same period last year, primarily due to increased taxable income[32] Assets and Liabilities - Total assets as of June 30, 2024, amounted to RMB 1,171,877, compared to RMB 1,029,125 as of December 31, 2023[5] - Total liabilities rose to RMB 476,839 from RMB 355,404, reflecting an increase in financial obligations[5] - Trade receivables net amount decreased to RMB 199,685,000 as of June 30, 2024, from RMB 236,680,000 as of December 31, 2023, a decline of 16%[18] - Accounts receivable decreased from RMB 309.5 million as of December 31, 2023, to RMB 260.9 million as of June 30, 2024[29] - Trade receivables decreased by 17.1% to RMB 261,500,000 as of June 30, 2024, down from RMB 315,500,000 as of December 31, 2023, mainly due to significant collections of receivables[33] - Trade payables and notes payable rose by 18.7% to RMB 229,500,000 as of June 30, 2024, compared to RMB 193,300,000 as of December 31, 2023, due to increased procurement during the period[35] Inventory and Production - Inventory increased to RMB 352,222 from RMB 260,340, indicating a growth in stock levels[4] - Inventory increased by approximately 35.3% to RMB 352,200,000 as of June 30, 2024, from RMB 260,300,000 as of December 31, 2023, driven by increased production orders and delays in customer deliveries[34] - The company sold 8 sets of electroplated brass wire production lines, generating revenue of RMB 85.22 million, a significant increase from 1 set sold in the previous year[26] - Revenue from the sale of electroplated brass wire production lines reached RMB 85,221,000, compared to RMB 5,929,000 in the previous year, marking an increase of 1,340%[11] - Other production lines generated revenue of RMB 7 million, a 1,085.9% increase compared to RMB 0.6 million in the same period last year[26] Employee and Governance - The total employee compensation for the period is approximately RMB 15,400,000, representing about 10.0% of the company's total revenue[51] - The company employed a total of 191 full-time employees as of June 30, 2024, down from 197 employees as of December 31, 2023[51] - The company continues to focus on hiring and training talented employees to enhance industry knowledge and service quality[51] - The board is committed to high standards of corporate governance and has adopted the corporate governance code as per the listing rules, ensuring compliance with all relevant regulations[55] - The audit committee reviewed the group's unaudited interim results and financial information for the period[65] Cash Flow and Capital Expenditures - Cash and bank balances totaled RMB 355,600,000 as of June 30, 2024, up from RMB 246,400,000 as of December 31, 2023, including cash and cash equivalents of RMB 82,300,000[36] - Capital expenditures for the period amounted to RMB 400,000, significantly lower than RMB 4,700,000 for the same period last year, mainly related to the purchase of machinery and equipment[42] Dividends and Shareholder Information - The proposed final dividend for the year ending December 31, 2023, is RMB 0.08 per share, totaling RMB 10,240,000 (pre-tax), which was approved at the annual general meeting[63] - No interim dividend was recommended for the six months ending June 30, 2023[64] Future Outlook and Strategic Focus - The company aims to accelerate the R&D of new products, technologies, and processes, while expanding its market presence both domestically and internationally to enhance market share and risk resilience[50] - The company has not adopted any new accounting standards that will take effect after January 1, 2024, indicating a stable regulatory environment for the upcoming fiscal periods[10] - The company has not experienced any disruptions in normal business operations due to labor disputes or significant employee turnover, maintaining good relations with employees[52] - There are no significant contingent liabilities as of June 30, 2024, indicating a stable financial position[54] - No significant events requiring disclosure occurred from June 30, 2024, to the date of this announcement[66]