德基科技控股(01301)发布公告，自2025年9月1日起，杨子杰先生已辞任首席财务官、公司秘书、风险 管理委员会成员及授权代表;霍伟舜先生已辞任独立非执行董事，且已获委任为首席财务官、公司秘书 及授权代表，并将不再担任薪酬委员会主席以及审核委员会、风险管理委员会及薪酬委员会各自的成 员;胡冰冰女士已获委任为独立非执行董事、薪酬委员会主席以及审核委员会、风险管理委员会及薪酬 委员会各自的成员。 ...

Group 1 - The company announced key management changes effective from September 1, 2025 [1] - Yang Zijie has resigned as Chief Financial Officer, Company Secretary, member of the Risk Management Committee, and Authorized Representative [1] - Huo Weishun has resigned as Independent Non-Executive Director and has been appointed as Chief Financial Officer, Company Secretary, and Authorized Representative, while stepping down from the roles of Chairman of the Compensation Committee and member of the Audit Committee, Risk Management Committee, and Compensation Committee [1] - Hu Bingbing has been appointed as Independent Non-Executive Director, Chairman of the Compensation Committee, and member of the Audit Committee, Risk Management Committee, and Compensation Committee [1]

智通财经APP讯，德基科技控股(01301)发布公告，自2025年9月1日起，杨子杰先生已辞任首席财务官、 公司秘书、风险管理委员会成员及授权代表;霍伟舜先生已辞任独立非执行董事，且已获委任为首席财 务官、公司秘书及授权代表，并将不再担任薪酬委员会主席以及审核委员会、风险管理委员会及薪酬委 员会各自的成员;胡冰冰女士已获委任为独立非执行董事、薪酬委员会主席以及审核委员会、风险管理 委员会及薪酬委员会各自的成员。 ...

Group 1 - The company, Deji Technology Holdings (01301), reported a revenue of 215 million RMB for the six months ending June 30, 2025, representing a year-on-year increase of 51.68% [1] - The loss attributable to shareholders narrowed to 4.221 million RMB, a decrease of 25.73% compared to the previous year [1] - The basic loss per share was reported at 0.66 RMB [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 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 D&G Technology Holding Company Limited 德基科技控股有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） 1 1. 楊子傑先生已辭任首席財務官、公司秘書、風險管理委員會成員及授權代表； 2. 霍偉舜先生已辭任獨立非執行董事，且已獲委任為首席財務官、公司秘書 及授權代表，並將不再擔任薪酬委員會主席以及審核委員會、風險管理委 員會及薪酬委員會各自的成員； 3. 胡冰冰女士已獲委任為獨立非執行董事、薪酬委員會主席以及審核委員會、 風險管理委員會及薪酬委員會各自的成員。 董事會謹此衷心感謝楊先生於任內對本公司作出的寶貴貢獻。 楊先生辭任後，董事會宣佈，霍偉舜先生（「霍先生」）已獲委任為本公司首席財務 官、公司秘書及授權代表，自2025年9月1日起生效。自同日起，彼辭任並不再擔任 獨立非執行董事。 霍先生，51歲，自2015年4月24日起已獲委任為獨立非執 ...

Financial Statements [Interim Condensed Consolidated Statement of Profit or Loss](index=1&type=section&id=%E4%B8%AD%E6%9C%9F%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E8%A1%A8) Revenue grew significantly by 51.7% to 215,096 thousand RMB, and loss attributable to owners narrowed by 25.8% to 4,221 thousand RMB Interim Condensed Consolidated Statement of Profit or Loss | Metric | 2025 (thousand RMB) | 2024 (thousand RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 215,096 | 141,811 | 51.7% | | Cost of Sales | (141,736) | (92,443) | 53.3% | | Gross Profit | 73,360 | 49,368 | 48.6% | | Operating Loss | (8,224) | (11,995) | -31.5% | | Loss for the Period Attributable to Owners of the Company | (4,221) | (5,683) | -25.8% | [Interim Condensed Consolidated Statement of Comprehensive Income](index=2&type=section&id=%E4%B8%AD%E6%9C%9F%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) Basic and diluted loss per share attributable to owners narrowed to 0.66 RMB cents, with total comprehensive loss for the period slightly improving to 6,663 thousand RMB Interim Condensed Consolidated Statement of Comprehensive Income | Metric | 2025 (thousand RMB) | 2024 (thousand RMB) | | :--- | :--- | :--- | | Loss per share attributable to owners of the Company for the period (RMB cents) | (0.66) | (0.89) | | Loss for the period | (4,221) | (5,683) | | Exchange differences on translation | (2,442) | (1,060) | | Total comprehensive loss attributable to owners of the Company for the period | (6,663) | (6,743) | [Interim Condensed Consolidated Statement of Financial Position](index=3&type=section&id=%E4%B8%AD%E6%9C%9F%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) Total assets increased to 770,889 thousand RMB, primarily driven by current assets, while total liabilities rose and total equity slightly decreased Interim Condensed Consolidated Statement of Financial Position | Metric | June 30, 2025 (thousand RMB) | December 31, 2024 (thousand RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 770,889 | 737,678 | 4.5% | | Total Non-current Assets | 173,752 | 176,731 | -1.7% | | Total Current Assets | 597,137 | 560,947 | 6.4% | | Total Equity | 555,654 | 565,279 | -1.7% | | Total Liabilities | 215,235 | 172,399 | 24.8% | | Total Non-current Liabilities | 4,698 | 4,838 | -2.9% | | Total Current Liabilities | 210,537 | 167,561 | 25.6% | Notes to the Financial Information [General Information](index=5&type=section&id=1%20%E4%B8%80%E8%88%AC%E8%B3%87%E6%96%99) The company specializes in the production, distribution, R&D, and sale of asphalt mixing plants and related equipment, listed on the HKEX Main Board since May 2015 - The company's core business involves the production, distribution, R&D, and sale of asphalt mixing plants and related equipment[7](index=7&type=chunk) - The company was listed on the Main Board of The Stock Exchange of Hong Kong Limited on **May 27, 2015**[8](index=8&type=chunk) [Basis of Preparation](index=5&type=section&id=2%20%E7%B7%A8%E8%A3%BD%E5%9F%BA%E6%BA%96) The interim condensed consolidated financial information is prepared under HKAS 34 'Interim Financial Reporting' and should be read with the 2024 annual financial statements - The interim financial information is prepared in accordance with Hong Kong Accounting Standard 34 "Interim Financial Reporting"[10](index=10&type=chunk) [Accounting Policies](index=5&type=section&id=3%20%E6%9C%83%E8%A8%88%E6%94%BF%E7%AD%96) Accounting policies align with 2024 annual financial statements, adopting new standards effective January 1, 2025, with no significant financial impact, and assessing unadopted standards - Adopted accounting policies are consistent with the 2024 annual financial statements, incorporating new and revised standards effective **January 1, 2025**, including HKAS 21 and HKFRS 1 (Amendments) "Lack of Exchangeability", which had no significant financial impact[11](index=11&type=chunk)[12](index=12&type=chunk) - Several new and revised standards not yet adopted are listed, including HKFRS 9, HKFRS 7, HKFRS 1, HKFRS 10, and HKAS 28, with effective dates mostly in **2026 or 2027**, and their potential impact is still under assessment[13](index=13&type=chunk)[14](index=14&type=chunk) [Estimates](index=6&type=section&id=4%20%E4%BC%B0%E8%A8%88) Significant judgments and estimation uncertainties for interim financial information are consistent with 2024 annual statements, with actual results potentially differing from estimates - Significant judgments and sources of estimation uncertainty in preparing the interim financial information are consistent with those applied in the 2024 annual consolidated financial statements[15](index=15&type=chunk) [Segment Information](index=6&type=section&id=5%20%E5%88%86%E9%83%A8%E8%B3%87%E6%96%99) The Group operates a single segment, selling asphalt mixing plants and related equipment, with significant revenue growth in Mainland China and a decline overseas - The Group operates a single primary business segment: sales of asphalt mixing plants, spare parts, refurbished equipment, and other asphalt specialized equipment[16](index=16&type=chunk) Revenue by Product Type | Revenue Source | 2025 (thousand RMB) | 2024 (thousand RMB) | | :--- | :--- | :--- | | Sales of asphalt mixing plants | 170,213 | 112,578 | | Sales of spare parts and refurbished equipment | 32,624 | 21,906 | | Sales of other asphalt specialized equipment | 12,259 | 7,327 | | **Total Revenue** | **215,096** | **141,811** | Revenue by Geographical Market | Revenue from External Customers (by Country) | 2025 (thousand RMB) | 2024 (thousand RMB) | | :--- | :--- | :--- | | Mainland China | 198,656 | 97,388 | | Outside Mainland China | 16,440 | 44,423 | | **Total Revenue** | **215,096** | **141,811** | [Other Income and Other Gains/(Losses) – Net](index=8&type=section&id=6%20%E5%85%B6%E4%BB%96%E6%94%B6%E5%85%A5%E5%8F%8A%E5%85%B6%E4%BB%96%E6%94%B6%E7%9B%8A%E2%88%95%EF%BC%88%E虧損%EF%BC%89%E6%B7%A8%E9%A1%8D) Other income and other gains – net significantly increased, driven by stable government grants and a reversal from exchange losses to gains Other Income and Other Gains/(Losses) – Net | Metric | 2025 (thousand RMB) | 2024 (thousand RMB) | Change (thousand RMB) | | :--- | :--- | :--- | :--- | | Government grants | 1,124 | 1,034 | 90 | | Net exchange gains/(losses) | 437 | (1,187) | 1,624 | | **Total** | **1,952** | **422** | **1,530** | [Operating Loss](index=8&type=section&id=7%20%E7%B6%93%E7%87%9F%E虧損) Operating loss narrowed, influenced by increased inventory costs and employee benefits, but offset by a significant reduction in trade receivables impairment Operating Loss Components | Metric | 2025 (thousand RMB) | 2024 (thousand RMB) | | :--- | :--- | :--- | | Cost of inventories | 132,049 | 87,607 | | Employee benefit expenses | 38,502 | 33,511 | | Net impairment loss provision/(reversal) on trade receivables | 33 | (3,350) | | Net impairment loss provision/(reversal) on inventories | 5,515 | (3,199) | [Income Tax Expense](index=9&type=section&id=8%20%E6%89%80%E5%BE%97%E7%A8%85%E9%96%8B%E6%94%AF) Mainland China operations are subject to a 25% statutory tax rate, with Langfang Deji enjoying a 15% preferential rate as a 'High-Tech Enterprise', and no tax provision due to no taxable profit - Langfang Deji Machinery Technology Co., Ltd., as a "High and New Technology Enterprise", enjoys a preferential income tax rate of **15%**[27](index=27&type=chunk) - Eligible R&D expenditures are deductible with an additional **100%** tax deduction[27](index=27&type=chunk) [Loss Per Share](index=9&type=section&id=9%20%E6%AF%8F%E8%82%A1%E虧損) Basic loss per share narrowed to 0.66 RMB cents, driven by reduced loss attributable to owners, with diluted loss per share being identical due to no dilutive shares Loss Per Share Calculation | Metric | 2025 (thousand RMB) | 2024 (thousand RMB) | | :--- | :--- | :--- | | Loss attributable to owners of the Company (thousand RMB) | (4,221) | (5,683) | | Weighted average number of ordinary shares issued | 638,516,000 | 639,408,000 | | Basic loss per share (RMB cents per share) | (0.66) | (0.89) | [Trade and Bills Receivables](index=10&type=section&id=10%20%E8%B2%A3%E6%98%93%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85%E5%8F%8A%E6%87%89%E6%94%B6%E7%A5%A8%E6%93%9A) Total trade and bills receivables increased to 212,888 thousand RMB, driven by third-party receivables, with credit terms up to 18 months and impairment provisions based on risk Trade and Bills Receivables | Metric | June 30, 2025 (thousand RMB) | December 31, 2024 (thousand RMB) | | :--- | :--- | :--- | | Total trade and bills receivables | 212,888 | 169,189 | | Trade receivables within 1 year | 207,566 | 147,779 | | Trade receivables over 3 years | 60,461 | 60,666 | - Customers are generally granted credit terms of up to **18 months**[30](index=30&type=chunk) [Trade and Other Payables and Contract Liabilities](index=11&type=section&id=11%20%E8%B2%A3%E6%98%93%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E4%BB%98%E6%AC%BE%E9%A0%85%E5%8F%8A%E5%90%88%E7%B4%84%E8%B2%A0%E5%82%B5) Total trade and other payables increased to 160,343 thousand RMB, with contract liabilities at 49,696 thousand RMB, and bills payable secured by pledged assets Trade and Other Payables and Contract Liabilities | Metric | June 30, 2025 (thousand RMB) | December 31, 2024 (thousand RMB) | | :--- | :--- | :--- | | Trade payables | 60,568 | 26,307 | | Bills payable | 56,705 | 64,091 | | Contract liabilities | 49,696 | 41,320 | | Total trade and other payables | 160,343 | 125,302 | - Bills payable are secured by pledged bank deposits of approximately **20,080 thousand RMB**, buildings of **23,619 thousand RMB**, and land use rights of **4,116 thousand RMB**[31](index=31&type=chunk) [Share Capital, Share Premium and Other Reserves](index=12&type=section&id=12%20%E8%82%A1%E6%9C%AC%E3%80%81%E8%82%A1%E4%BB%BD%E6%BA%A2%E5%83%B9%E5%8F%8A%E5%85%B6%E4%BB%96%E5%84%B2%E5%82%99) Share capital remained unchanged, with some shares repurchased and cancelled; reserves include distributable share premium, capital reserve from shareholder contributions, and statutory reserves - For the six months ended June 30, 2025, the company repurchased a total of **5,184,000** of its own shares at a total cost of approximately **2,962 thousand RMB**[33](index=33&type=chunk) - The company cancelled a total of **12,424,000** repurchased shares with a total cost of approximately **7,795 thousand RMB** during the period[33](index=33&type=chunk) - The statutory general reserve can be used to compensate for losses from previous years and can be converted into capital in proportion to investors' existing equity[37](index=37&type=chunk) [Dividends](index=13&type=section&id=14%20%E8%82%A1%E6%81%AF) No interim dividends were paid, declared, or proposed by the board for the six months ended June 30, 2025 - For the six months ended June 30, 2025, no interim dividends were paid, declared, or proposed[39](index=39&type=chunk) Management Discussion and Analysis [Overview](index=14&type=section&id=%E6%A6%82%E8%A6%BD) The Group, a leading road construction machinery provider, achieved strong revenue and gross profit growth in H1 2025, driven by infrastructure investment and effective cost and inventory management - The Group is a leading market participant in the road construction and maintenance machinery industry in Mainland China and overseas markets[40](index=40&type=chunk) - Core products include asphalt mixing plants, encompassing conventional and recycling equipment, along with refurbishment services and advanced technologies like RAP crushing equipment and sand-making machines[40](index=40&type=chunk)[41](index=41&type=chunk) Key Financial Performance | Metric | H1 2025 (thousand RMB) | H1 2024 (thousand RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 215,096 | 141,811 | 51.7% | | Gross Profit | 73,360 | 49,368 | 48.6% | [Business Development](index=15&type=section&id=%E6%A5%AD%E5%8B%99%E7%99%BC%E5%B1%95) The Group diversifies revenue by expanding asphalt-related businesses, investing in combustion technology and R&D, holding 262 registered patents and 31 software copyrights in China - Committed to developing asphalt-related businesses along the supply chain, seeking strategic partners for cooperative production and sales of asphalt mixtures[45](index=45&type=chunk) - Continuously conducting combustion technology research, developing burner combustion equipment, and providing technical support services, with **59** registered combustion technology patents and **4** pending registrations[46](index=46&type=chunk) - As of June 30, 2025, the Group holds **262** registered patents (including **16** invention patents and **8** design patents) and **31** software copyrights in China, with **29** patent applications pending approval[47](index=47&type=chunk) [Marketing and Awards](index=16&type=section&id=%E7%87%9F%E9%8A%B7%E5%8F%8A%E7%8D%8E%E9%A0%85) The Group enhanced brand image through industry events and online platforms, earning multiple industry and environmental awards for its specialized manufacturing and sustainability efforts - Participated in various promotional activities, technical seminars, and corporate social responsibility events, including the Chengdu Southwest Asphalt Recycling Mixing Equipment Technology Exchange Conference and the CTT Expo in Moscow[48](index=48&type=chunk) - In **May 2025**, ranked **45th** among the Top 50 Specialized Manufacturers in China's Construction Machinery Industry[48](index=48&type=chunk) - In **July and August 2025**, received the "Sustainable Development Institution Excellence Award" at the UN Sustainable Development Goals Hong Kong Achievement Awards 2025, and "Environmental Excellence Enterprise" and "10 Years+ Environmental Pioneer" honors at the BOC Hong Kong Corporate Environmental Leadership Awards[48](index=48&type=chunk) [Prospects](index=17&type=section&id=%E5%89%8D%E6%99%AF) The Group is optimistic about H2 2025 China road construction market, targeting global expansion in Asia and product diversification through strategic partnerships, led by new Board Chairman Ms. Cai Qunli - National infrastructure spending is projected to exceed **3 trillion RMB** in **2025**, with transportation development remaining a top priority[49](index=49&type=chunk) - Committed to global expansion, focusing on profitable Asian markets, particularly emerging markets like the Philippines and Indonesia[49](index=49&type=chunk) - Strengthening strategic cooperation with a Canadian company specializing in road construction vehicles to expand product offerings[49](index=49&type=chunk) - CEO Ms. Cai Qunli was appointed as the Board Chairman, effective **June 23, 2025**, and will lead the company towards long-term stable and sustainable growth in domestic and international markets[50](index=50&type=chunk) [Financial Review](index=18&type=section&id=%E8%B2%A1%E5%8B%99%E5%9B%9E%E9%A1%A7) This section reviews H1 2025 financial performance, showing total revenue growth of 51.7% and gross profit growth of 48.6%, with net loss attributable to owners narrowing to 4,221 thousand RMB Key Financial Metrics | Metric | 2025 (thousand RMB) | 2024 (thousand RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Revenue | 215,096 | 141,811 | 51.7% | | Gross Profit | 73,360 | 49,368 | 48.6% | | Gross Profit Margin | 34.1% | 34.8% | -0.7 percentage points | | Net Loss Attributable to Owners of the Company | (4,221) | (5,683) | -25.8% | [Sales of Asphalt Mixing Plants](index=18&type=section&id=%E6%B7%BA%E9%9D%92%E6%B7%B7%E5%90%88%E6%96%99%E6%攪拌%E8%A8%AD%E5%82%99%E9%8A%B7%E5%94%AE) Asphalt mixing plant sales revenue grew 51.2% to 170,213 thousand RMB, driven by increased contracts and improved gross margin, with strong growth in conventional equipment and China market sales Sales of Asphalt Mixing Plants Performance | Metric | 2025 (thousand RMB) | 2024 (thousand RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Sales Revenue of Asphalt Mixing Plants | 170,213 | 112,578 | 51.2% | | Gross Profit | 61,108 | 34,773 | 75.7% | | Gross Profit Margin | 35.9% | 30.9% | 5.0 percentage points | | Number of Contracts | 23 | 10 | 13 | | Average Contract Value | 7,401 | 11,258 | -34.3% | Sales of Asphalt Mixing Plants by Equipment Type | Equipment Type | 2025 (thousand RMB) | 2024 (thousand RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Recycling Equipment Revenue | 28,276 | 75,139 | -62.4% | | Recycling Equipment Gross Profit Margin | 35.4% | 31.6% | 3.8 percentage points | | Conventional Equipment Revenue | 141,937 | 37,439 | 279.1% | | Conventional Equipment Gross Profit Margin | 36.0% | 29.4% | 6.6 percentage points | Sales of Asphalt Mixing Plants by Region | Region | 2025 (thousand RMB) | 2024 (thousand RMB) | Change (%) | | :--- | :--- | :--- | :--- | | China Sales Revenue | 160,269 | 73,800 | 117.2% | | China Sales Gross Profit Margin | 35.4% | 29.5% | 5.9 percentage points | | Overseas Sales Revenue | 9,944 | 38,778 | -74.4% | | Overseas Sales Gross Profit Margin | 43.8% | 33.5% | 10.3 percentage points | [Sales of Spare Parts and Components and Refurbished Equipment](index=20&type=section&id=%E9%9B%B6%E9%83%A8%E4%BB%B6%E5%8F%8A%E7%B5%84%E4%BB%B6%E4%BB%A5%E5%8F%8A%E7%B6%93%E6%94%B9%E9%80%A0%E8%A8%AD%E5%82%99%E9%8A%B7%E5%94%AE) Sales of spare parts, components, and refurbished equipment grew 48.9% to 32,624 thousand RMB, driven by increased demand for conventional equipment refurbishment, with gross margin slightly improving to 46.6% Sales of Spare Parts and Components and Refurbished Equipment Performance | Metric | 2025 (thousand RMB) | 2024 (thousand RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 32,624 | 21,906 | 48.9% | | Gross Profit | 15,194 | 9,989 | 52.1% | | Gross Profit Margin | 46.6% | 45.6% | 1.0 percentage points | [Sales of Other Asphalt Specialized Equipment](index=21&type=section&id=%E5%85%B6%E4%BB%96%E6%B7%BA%E9%9D%92%E5%B0%88%E9%96%80%E8%A8%AD%E5%82%99%E9%8A%B7%E5%94%AE) Other asphalt specialized equipment sales revenue grew 67.3% to 12,259 thousand RMB, with gross margin improving to 21.0%, driven by strategic partnerships and new product promotion Sales of Other Asphalt Specialized Equipment Performance | Metric | 2025 (thousand RMB) | 2024 (thousand RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 12,259 | 7,327 | 67.3% | | Gross Profit | 2,573 | 1,407 | 82.9% | | Gross Profit Margin | 21.0% | 19.2% | 1.8 percentage points | | Number of Contracts | 6 | 3 | 3 | - The Group has been the exclusive supplier of LiuGong Asphalt Equipment (LAP) series asphalt mixing plants since **May 2021**[61](index=61&type=chunk) - Actively promoting RAP crushing equipment and sand-making machines as new revenue sources and value-added services in both local and overseas asphalt mixing plant markets[62](index=62&type=chunk) [Other Income and Other Gains/(Losses) – Net](index=21&type=section&id=%E5%85%B6%E4%BB%96%E6%94%B6%E5%85%A5%E5%8F%8A%E5%85%B6%E4%BB%96%E6%94%B6%E7%9B%8A%E2%88%95%EF%BC%88%E虧損%EF%BC%89%E6%B7%A8%E9%A1%8D) Other income and other gains – net increased primarily due to a significant rise in net exchange gains, reversing prior year's losses - The increase in other income and other gains – net was primarily due to an increase in net exchange gains of **1.6 million RMB** (2024: exchange losses of **1.2 million RMB**)[63](index=63&type=chunk) [Distribution Costs](index=21&type=section&id=%E5%88%86%E9%8A%B7%E6%88%90%E6%9C%AC) Distribution costs increased by 52%, aligning with revenue growth, driven by higher logistics, sales staff, commissions, marketing, and warranty expenses - Distribution costs increased by **52%**, consistent with revenue growth, primarily driven by higher logistics expenses, sales and marketing staff costs, distributor commissions, marketing costs, and warranty costs[64](index=64&type=chunk) [Administrative Expenses](index=22&type=section&id=%E8%A1%8C%E6%94%BF%E9%96%8B%E6%94%AF) Administrative expenses rose 3.3%, mainly due to increased R&D and employee costs, partially offset by reduced legal and professional fees - Administrative expenses increased by **3.3%**, primarily due to higher R&D costs and employee costs[65](index=65&type=chunk) [Impairment Loss on Trade Receivables (Provision)/Reversal – Net](index=22&type=section&id=%E8%B2%A3%E6%98%93%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85%E6%B8%9B%E5%80%BC%E虧損%EF%BC%88%E6%92%A5%E5%82%99%EF%BC%89%E2%88%95%E6%92%A5%E5%9B%9E%E6%B7%A8%E9%A1%8D) Net impairment loss provision for trade receivables was 33 thousand RMB, a significant reduction from prior year's reversal, due to recognizing expected credit losses on overdue receivables Impairment Loss on Trade Receivables | Metric | 2025 (thousand RMB) | 2024 (thousand RMB) | | :--- | :--- | :--- | | Net impairment loss provision/(reversal) on trade receivables | 33 | (3,350) | [Share of Net Profit of an Associate](index=22&type=section&id=%E5%88%86%E4%BD%94%E8%81%AF%E7%87%9F%E5%85%AC%E5%8F%B8%E6%BA%A2%E5%88%A9%E6%B7%A8%E9%A1%8D) Share of net profit of an associate was 1,077 thousand RMB, mainly from Topu Financial Leasing (Shanghai) Co., Ltd., showing slight growth - Share of net profit of an associate was **1,077 thousand RMB**, primarily from the profit of Topu Financial Leasing (Shanghai) Co., Ltd[67](index=67&type=chunk) [Net Finance Income](index=22&type=section&id=%E8%B2%A1%E5%8B%99%E6%94%B6%E5%85%A5%E6%B7%A8%E9%A1%8D) Net finance income decreased, primarily due to lower interest income from bank deposits - Net finance income decreased primarily due to lower interest income from bank deposits[68](index=68&type=chunk) [Income Tax Expense](index=22&type=section&id=%E6%89%80%E5%BE%97%E7%A8%85%E9%96%8B%E6%94%AF) Income tax expense for the period was primarily due to deferred tax expense from warranty provisions - Income tax expense was primarily due to deferred tax expense arising from warranty provisions[69](index=69&type=chunk) [Loss Attributable to Owners of the Company](index=22&type=section&id=%E6%9C%AC%E5%85%AC%E5%8F%B8%E6%93%81%E6%9C%89%E4%BA%BA%E6%87%89%E4%BD%94%E虧損) Loss attributable to owners narrowed to 4,221 thousand RMB, primarily due to increased revenue and gross profit Loss Attributable to Owners of the Company | Metric | 2025 (thousand RMB) | 2024 (thousand RMB) | | :--- | :--- | :--- | | Loss attributable to owners of the Company | (4,221) | (5,683) | [Working Capital Management](index=22&type=section&id=%E7%87%9F%E9%81%8B%E8%B3%87%E9%87%91%E7%AE%A1%E7%90%86) Net current assets slightly decreased, current ratio fell to 2.8 times, with increased inventory and receivables, and slightly increased payables Working Capital Metrics | Metric | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Net Current Assets | 386,605 thousand RMB | 393,386 thousand RMB | -1.7% | | Current Ratio | 2.8 times | 3.3 times | -0.5 times | | Inventories | 219,295 thousand RMB | 212,960 thousand RMB | +3.0% | | Inventory Turnover Days | 276 days | 314 days | -38 days | | Trade and Bills Receivables | 212,888 thousand RMB | 169,189 thousand RMB | +25.8% | | Trade and Bills Receivables Turnover Days | 164 days | 131 days | +33 days | | Trade and Bills Payables | 117,273 thousand RMB | 90,398 thousand RMB | +29.7% | | Trade and Bills Payables Turnover Days | 133 days | 126 days | +7 days | [Liquidity and Financial Resources](index=23&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91%E5%8F%8A%E8%B2%A1%E5%8B%99%E8%B3%87%E6%BA%90) The Group funds operations via internal cash and bank credit, with increased cash and pledged deposits, no borrowings, and operating cash flow turning positive - The Group generally funds its operations through internally generated cash flows and credit facilities granted by its principal bankers[74](index=74&type=chunk) Liquidity Position | Metric | June 30, 2025 (thousand RMB) | December 31, 2024 (thousand RMB) | | :--- | :--- | :--- | | Cash and cash equivalents | 55,882 | 48,926 | | Pledged bank deposits | 24,986 | 21,672 | | Borrowings | Nil | Nil | - Net cash generated from operating activities was **19,485 thousand RMB** (2024: cash used in operating activities of **29,834 thousand RMB**)[75](index=75&type=chunk) [Capital Commitments](index=24&type=section&id=%E8%B3%87%E6%9C%AC%E6%89%BF%E6%93%94) Contracted capital commitments for property, plant, and equipment were 663 thousand RMB, with guarantees for customer finance leases through Shanghai Topu up to 94,333 thousand RMB Capital Commitments | Metric | June 30, 2025 (thousand RMB) | December 31, 2024 (thousand RMB) | | :--- | :--- | :--- | | Contracted – Property, plant and equipment | 663 | 648 | - The Group provides guarantees to Shanghai Topu for finance leases provided to customers for the purchase of the Group's equipment, with a maximum guarantee amount of **94,333 thousand RMB**[77](index=77&type=chunk) [Pledge of Assets](index=24&type=section&id=%E8%B3%87%E7%94%A2%E8%B3%AA%E6%8A%BC) Property, plant, and equipment, land use rights, and bank deposits were pledged to secure bills payable and bank financing as of June 30, 2025 - Property, plant and equipment (**23,619 thousand RMB**), land use rights (**4,116 thousand RMB**), and bank deposits (**24,986 thousand RMB**) are pledged to secure the Group's bills payable and bank financing[78](index=78&type=chunk) [Foreign Exchange Risk](index=24&type=section&id=%E5%A4%96%E5%8C%AF%E9%A2%A8%E9%9A%AA) The Group faces foreign exchange risk from USD and EUR denominated transactions, with management monitoring but no hedging instruments used during the period - The Group is exposed to foreign exchange risk arising from sales and purchases denominated in foreign currencies, including **USD** and **EUR**[79](index=79&type=chunk) - For the six months ended June 30, 2025, the Group did not use any financial instruments for hedging purposes[79](index=79&type=chunk) [Material Investments and Material Acquisitions or Disposals](index=24&type=section&id=%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B3%87%E5%8F%8A%E9%87%8D%E5%A4%A7%E6%94%B6%E8%B3%BC%E6%88%96%E5%87%BA%E5%94%AE) The Group had no material investments, acquisitions, or disposals for the six months ended June 30, 2025 - For the six months ended June 30, 2025, the Group had no material investments or material acquisitions or disposals[80](index=80&type=chunk) [Employees and Remuneration Policy](index=25&type=section&id=%E5%83%B1%E5%93%A1%E5%8F%8A%E8%96%AA%E9%85%AC%E6%94%BF%E7%AD%96) As of June 30, 2025, the Group had 352 employees with total staff costs of 38,502 thousand RMB, and remuneration is performance-based, with no share options granted Employee Information | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Number of Employees | 352 | 330 | | Total Staff Costs | 38,502 thousand RMB | 33,511 thousand RMB | - Remuneration policy is formulated based on employee performance, market conditions, business needs, and expansion plans, including salaries, discretionary bonuses, and provident fund scheme contributions[81](index=81&type=chunk) - No share options were granted for the six months ended June 30, 2025 and 2024[81](index=81&type=chunk) [Interim Dividends](index=25&type=section&id=%E4%B8%AD%E6%9C%9F%E8%82%A1%E6%81%AF) The board did not recommend any interim dividends for the six months ended June 30, 2025 - For the six months ended June 30, 2025, the board of directors did not recommend the payment of any interim dividends[82](index=82&type=chunk) [Purchase, Sale or Redemption of the Company’s Listed Securities](index=25&type=section&id=%E8%B3%BC%E8%B2%B7%E3%80%81%E5%87%BA%E5%94%AE%E6%88%96%E8%B4%96%E5%9B%9E%E6%9C%AC%E5%85%AC%E5%8F%B8%E7%9A%84%E4%B8%8A%E5%B8%82%E8%AD%89%E5%88%B8) The company repurchased 5,184,000 shares and cancelled 12,424,000 shares, with no sales of listed securities during the six months ended June 30, 2025 - The company repurchased a total of **5,184,000** of its own shares at a total cost of approximately **2,962 thousand RMB**[83](index=83&type=chunk) - The company cancelled **12,424,000** shares with a total value of approximately **7,795 thousand RMB**[83](index=83&type=chunk) [Corporate Governance](index=25&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB) The Group maintains high corporate governance, complying with Listing Rules, with the review committee confirming interim results and directors' compliance, and Ms. Cai Qunli appointed as Chairman - The company complies with all code provisions of the Corporate Governance Code set out in Appendix C1 Part 2 of the Listing Rules, except for the roles of Chairman and Chief Executive Officer being combined by Ms. Cai Qunli, for which the Board has taken measures to maintain effective checks and balances[84](index=84&type=chunk) - All directors have confirmed compliance with the Model Code for Securities Transactions set out in Appendix C3 of the Listing Rules for the entire period of the six months ended June 30, 2025[85](index=85&type=chunk) - The interim results have been reviewed by the Audit Committee and by PricewaterhouseCoopers in accordance with Hong Kong Standard on Review Engagements 2410[86](index=86&type=chunk)[87](index=87&type=chunk) - Mr. Cai Hongneng resigned as Chairman and Executive Director of the company, and Ms. Cai Qunli was appointed as Chairman, effective **June 23, 2025**[88](index=88&type=chunk) [Publication of Interim Results Announcement and Interim Report](index=27&type=section&id=%E5%88%8A%E7%99%BC%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE%E5%85%AC%E5%91%8A%E5%8F%8A%E4%B8%AD%E6%9C%9F%E5%A0%B1%E5%91%8A) The interim results announcement is published on HKEX and company websites, with the interim report to be dispatched to shareholders in due course - The interim results announcement has been published on the website of Hong Kong Exchanges and Clearing Limited (www.hkexnews.hk) and the company's website (www.dgtechnology.com)[90](index=90&type=chunk) [Board of Directors](index=27&type=section&id=%E8%91%A3%E4%BA%8B%E6%9C%83) As of the announcement date, the Board comprises four executive, two non-executive, and three independent non-executive directors, with Ms. Cai Qunli as Chairman - As of the announcement date, the company's executive directors are Ms. Cai Qunli, Mr. Cai Hanting, Mr. Liu Jingzhi, and Mr. Liu Jinzhi[92](index=92&type=chunk) - The non-executive directors are Mr. Chen Linghong and Mr. Alain Vincent Fontaine; the independent non-executive directors are Mr. Au Yeung Wai Lap, Mr. Li Wai Yat, and Mr. Fok Wai Shun[92](index=92&type=chunk)

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 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 承董事會命 德基科技控股有限公司 主席 蔡群力 香港，2025年8月15日 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1301） 董事會會議召開日期 德基科技控股有限公司（「本公司」，及其附屬公司，統稱「本集團」）董事會（「董事 會」）兹通告謹定於2025年8月29日（星期五）舉行本公司董事會會議，以考慮及批 准本集團截至2025年6月30日止6個月的中期業績及派付中期股息（如有），以及處 理任何其他事項。 D&G Technology Holding Company Limited 德基科技控股有限公司 於本公告日期，本公司執行董事為蔡群力女士、蔡翰霆先生、劉敬之先生及劉金枝 先生；本公司非執行董事為陳令紘先生及Alain Vincent Fontaine 先生；及本公司獨 立非執行董事為歐陽偉立先生、李偉壹先生及霍偉舜先生。 ...

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: 德基科技控股有限公司 呈交日期: 2025年8月4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) | 01301 | 說明 | 德基科技控股 | | | | | | | | | | 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 ...

Financial Performance - The company reported revenue of RMB 370.6 million for the fiscal year 2024, a 33.4% increase from RMB 277.9 million in 2023[11]. - Gross profit for the year was RMB 123.9 million, compared to RMB 85.3 million in the previous year[6]. - The company achieved a net profit of RMB 4.4 million, reversing a net loss of RMB 23.9 million in 2023[11]. - The total revenue for the fiscal year ending December 31, 2024, increased by approximately 33.4% to RMB 370,559,000, compared to RMB 277,861,000 in the fiscal year 2023[21]. - Gross profit rose by 45.3% to RMB 123,877,000, up from RMB 85,264,000 in the previous fiscal year, driven by increased orders in China[21]. - The company recorded total revenue of RMB 370,559,000 for the year ended December 31, 2024, representing an increase of approximately 33.4% compared to RMB 277,861,000 in 2023[35]. - Gross profit increased from RMB 85,264,000 in 2023 to RMB 123,877,000 in 2024, reflecting a growth of about 45.3%[35]. - The overall gross profit margin improved by 2.7 percentage points to 33.4%[35]. - Revenue from recycling equipment increased significantly by 114.7% to RMB 190,467,000, driven by a high-margin major contract and growing local demand for sustainable solutions[39]. - Gross profit for recycling equipment rose by 170.6% to RMB 62,096,000, with a gross margin of 32.6%, up 6.7 percentage points from the previous year[39]. - Revenue from conventional equipment decreased by 11.5% to RMB 84,383,000, attributed to a shift in customer preference towards environmentally friendly solutions[40]. Market Expansion and Product Development - The company has expanded its market presence in Southeast Asia, particularly in Thailand and Malaysia, due to increased demand for recycling equipment solutions[11]. - The company is focusing on R&D to develop advanced eco-friendly technologies, launching a new drying drum with a "self-cleaning" feature this year[15]. - The company is exploring further enhancements to its product offerings, including the addition of foaming devices for warm-mix asphalt on existing facilities[15]. - The company has expanded its overseas market presence to new regions including Indonesia, Madagascar, Malawi, and the Democratic Republic of the Congo, responding to infrastructure demands[20]. - The company aims to expand its market share in Southeast Asia, particularly in Thailand, India, and Malaysia, driven by the growing demand for sustainable infrastructure[34]. - The company plans to increase sales of asphalt mixing equipment and related services in overseas markets such as India, Southeast Asia, and the Middle East, which are experiencing high demand for these products[68]. Corporate Governance and Leadership - The company has a strong leadership team with diverse backgrounds in finance, engineering, and management, enhancing its operational capabilities[84][86][88]. - The board includes independent directors with extensive experience in finance, law, and engineering, contributing to corporate governance and strategic oversight[84][86][88]. - The company is committed to maintaining high standards of corporate governance and internal controls, as advised by its non-executive directors[85]. - The board consists of 11 members, including 5 executive directors, 2 non-executive directors, and 4 independent non-executive directors[102]. - The company has adhered to all principles and code provisions of the corporate governance code throughout the financial year ending December 31, 2024[98]. - The company has a strong independent element in the board to ensure effective independent judgment[102]. - The company has implemented written guidelines for employees regarding securities trading to ensure compliance[100]. - The company has a risk management committee to understand and manage overall business risks appropriately[101]. - The company has a commitment to ethical business standards to achieve long-term business goals[96]. Financial Management and Risks - The company plans to strengthen financial management and improve cash flow through stricter credit control and regular credit assessments of customers[34]. - The company faces credit risk due to potential delays in the collection of trade receivables and notes receivable, particularly related to government funding delays in road construction projects in China[69]. - The company continues to review and strengthen its credit control and collection policies to mitigate financial credit risks[69]. - The net financial income decreased due to lower interest income from deposits, reflecting a decline in deposit rates[51]. - As of December 31, 2024, the group's net current assets were RMB 393,386,000, down from RMB 428,440,000 as of December 31, 2023, with a current ratio of 3.3 compared to 3.5 in the previous year[54]. Employee and Compensation Policies - The total employee cost for the year ending December 31, 2024, is approximately RMB 69,026,000, a decrease from RMB 73,520,000 in 2023, with a total of about 330 employees as of December 31, 2024[72]. - The company emphasizes employee contributions and regularly reviews compensation policies based on market benchmarks and performance[185]. - The company has adopted an employee stock option plan, although no stock options were granted as of December 31, 2024, and 2023[72]. Environmental and Social Responsibility - The company received multiple awards for its environmental leadership, including the "Hong Kong Green Enterprise Award 2024" and recognition as one of the "Top 50 Global Construction Machinery Manufacturers"[15]. - The company has implemented environmental compliance policies to ensure adherence to increasingly stringent environmental laws in China, which may lead to increased operational costs[70]. - The company has established a whistleblowing policy to allow employees and stakeholders to report misconduct confidentially and anonymously[150]. - The company has implemented an anti-corruption policy to prevent corruption and bribery within its operations[151]. Shareholder Communication and Dividends - The company has established a shareholder communication policy to promote effective dialogue with shareholders and stakeholders[161]. - The company has a dividend policy without a predetermined payout ratio, allowing the board to propose dividends based on financial conditions[164]. - The company reported a special dividend of approximately HKD 0.07 per share, totaling HKD 43.9 million (equivalent to RMB 39.9 million) for the year ended December 31, 2023[174]. - The company has set up multiple channels for ongoing dialogue with shareholders, including annual reports and investor relations communications[165]. Audit and Compliance - The audit committee held two meetings to review the financial performance for the year ending December 31, 2023, and the interim financial performance for the six months ending June 30, 2024[114]. - The internal audit department conducted an annual review of the risk management and internal control systems, with all recommendations from the review being properly adopted[149]. - The board has confirmed the effectiveness of the risk management and internal control systems for the year ending December 31, 2024, with no significant deviations found[140].

Financial Performance - Revenue for the year ended December 31, 2024, increased to RMB 370,559,000, up 33.3% from RMB 277,861,000 in 2023[2] - Gross profit for the year was RMB 123,877,000, representing a gross margin of 33.5%, compared to RMB 85,264,000 in 2023[2] - The net profit attributable to owners of the company for 2024 was RMB 4,413,000, a significant recovery from a loss of RMB 23,864,000 in 2023[3] - Basic and diluted earnings per share for 2024 were RMB 0.69, compared to a loss per share of RMB 3.73 in 2023[3] - Total revenue for 2024 reached RMB 370,559,000, up from RMB 277,861,000 in 2023, marking an increase of 33.4%[15] - Gross profit rose by 45.3% to RMB 123,877,000 in 2024, up from RMB 85,264,000 in 2023, driven by increased orders in China[43] - The company achieved a net profit of RMB 4,413,000 in 2024, reversing from a net loss of RMB 23,864,000 in 2023[43] - Basic earnings per share improved to RMB 0.69 in 2024 from a loss of RMB 3.73 in 2023, indicating a significant turnaround[26] Assets and Liabilities - Total assets as of December 31, 2024, were RMB 737,678,000, down from RMB 777,127,000 in 2023[5] - Total liabilities decreased slightly to RMB 172,399,000 in 2024 from RMB 173,605,000 in 2023[6] - Non-current assets in mainland China decreased to RMB 112,580,000 in 2024 from RMB 122,444,000 in 2023, a decline of 8.5%[16] - As of December 31, 2024, the group's net current assets were RMB 393,386,000, down from RMB 428,440,000 in 2023, with a current ratio of 3.3 times compared to 3.5 times in the previous year[70] Trade Receivables and Inventory - Trade receivables increased significantly to RMB 169,189,000 in 2024 from RMB 96,557,000 in 2023[5] - Trade receivables from third parties increased to RMB 230,749,000 in 2024 from RMB 170,250,000 in 2023[11] - The total amount of trade receivables and notes receivable rose to RMB 169,189,000 in 2024, compared to RMB 96,557,000 in 2023[11] - Inventory as of December 31, 2024, was RMB 212,960,000, a slight increase from RMB 211,933,000 in 2023[5] - Inventory costs recognized as expenses amounted to RMB 240,871,000 in 2024, compared to RMB 175,212,000 in 2023, an increase of 37.4%[27] - Inventory increased slightly to RMB 212,960,000 as of December 31, 2024, from RMB 211,933,000 in 2023, while inventory turnover days decreased from 413 days to 314 days[70] Revenue Breakdown - Revenue from asphalt mixing equipment sales increased to RMB 274,850,000 in 2024 from RMB 184,044,000 in 2023, representing a growth of 49.4%[15] - Revenue from sales in mainland China rose to RMB 301,575,000 in 2024, compared to RMB 200,158,000 in 2023, reflecting a growth of 50.5%[15] - Revenue from recycling equipment surged by 114.7% to RMB 190,467,000, attributed to the completion of a high-margin major contract[55] - Revenue from conventional equipment decreased by 11.5% to RMB 84,383,000, as customer preference shifted towards recycling equipment[56] - Revenue from parts and components sales fell by 23.2% to RMB 53,657,000, primarily due to a decrease in customer demand for conventional equipment modifications[59] - Other specialized asphalt equipment sales revenue increased by 75.8% to RMB 42,052,000, indicating strong customer trust and satisfaction[61] Market Expansion and Strategy - The company is engaged in the production and distribution of asphalt mixing equipment and related products, indicating ongoing focus on market expansion and product development[7] - The company expanded its overseas market presence to new regions including Indonesia, Madagascar, Malawi, and the Democratic Republic of the Congo[41] - The company is strategically diversifying its overseas markets, focusing on regions such as Hong Kong, Southeast Asia, Africa, and Europe to mitigate competitive pressures[44] - The company aims to capitalize on the growing demand for recycling facilities in Southeast Asia driven by sustainable development policies[51] - The company is expanding its asphalt-related business by seeking strategic partnerships to enhance production and sales capabilities[46] Cost Management and Financial Strategy - The company maintained a strict cost control strategy and automation measures to achieve a moderate turnaround from loss to profit[43] - The company plans to strengthen financial management and improve cash flow through stricter credit controls and regular customer credit assessments[51] - The company recorded total revenue of RMB 370,559,000 for the year ending December 31, 2024, representing an increase of approximately 33.4% compared to RMB 277,861,000 in 2023[52] Corporate Governance and Sustainability - The company has adhered to the corporate governance code as per the listing rules for the year ending December 31, 2024[87] - The company is committed to sustainable development and aims to integrate environmental, social, and governance considerations into its business strategy[88] - The company’s sustainability report will detail its performance for the year ending December 31, 2024, and set future goals and plans[88] Shareholder Returns and Repurchase - The company did not propose a final dividend for the year ending December 31, 2024, consistent with 2023[23] - The board has proposed a special dividend of approximately HKD 0.07 per share, totaling HKD 43.9 million (approximately RMB 39.9 million), to celebrate the establishment of a subsidiary[82] - The company repurchased a total of 7,240,000 shares through the stock exchange for the year ending December 31, 2024, with a total cost of HKD 5,143,000 (RMB 4,833,000)[85] - The board believes that the repurchase will increase the net asset value per share due to the significant discount of the trading price to the net asset value per share[85] Audit and Compliance - The audit committee, consisting of four independent non-executive directors, reviewed the annual results for the year ending December 31, 2024[90] - The company’s auditor, PwC, confirmed that the preliminary announcement aligns with the audited financial statements for the year ending December 31, 2024[91] - The annual results announcement and annual report for 2024 will be published on the Hong Kong Stock Exchange and the company’s website[92]