引言:千亿市场风口已至,谁将主宰车载显示未来? 2024年全球新能源汽车销量突破1800万辆,同比增长45%,中国大陆渗透率飙升至38.6%(中汽协数据)。电 动化浪潮推动车载显示需求爆发性增长——2024年全球车载面板出货量达2.28亿片,创历史新高。在这场 白热化竞争中,中金战新创业投资(央企背景基金)拟战略注资全球龙头伟志光电,剑指Mini LED技术制高 点。此举将重构产业链竞争格局,引爆港股科技板块价值重估! 一、市场爆发:多屏化与大尺寸化驱动行业狂飙 车载显示已成为智能汽车的"神经中枢"。据CINNO Research 2024Q1报告 多屏渗透:高端车型平均搭载屏幕数增至4.2块(2022年仅2.8块) 尺寸升级:12英寸以上中控屏占比达72%(较2022年提升7个百分点) 价值跃升:车载显示面板市场规模突破158亿美元,2025年将冲击200亿大关 技术拐点:Mini LED背光加速替代传统方案,2024年车用渗透率突破15%(TrendForce数据),推动单车显示 价值提升300% 伟志光电(伟志集团核心子公司)正是这场变革的隐形冠军。2024年其车载背光模组出货量稳居全球第一, 市占率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之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部份內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 Wai Chi Holdings Company Limited 偉志控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1305） 自願性公告 投資意向書 本 公 告 乃 由 偉 志 控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司，統 稱 為「本集團」） 自 願 作 出，旨 在 令 本 公 司 股 東 及 潛 在 投 資 者 知 悉 本 集 團 的 最 新 業 務 計 劃 及 發 展。 投資意向書 本 公 司 董 事（「董 事」）會（「董事會」）欣 然 宣 佈，於2025年8月11日，本 公 司 間 接 全 資 附 屬 公 司 偉 志 光 電（深 圳）有 限 公 司（「深圳偉志」）與 中 金 戰 新 創 業 投 資（鶴 山） 合 夥 企 業（有 限 合 夥）（「中金戰新創業投資」）訂 立 不 具 法 律 約 束 力 的 投 ...

董事會會議日期 偉志控股有限公司(「本公司」)董事會(「董事會」)謹此宣佈，董事會會議將於二零二 五年八月二十五日(星期一)舉行，藉以考慮及批准(其中包括)本公司及其附屬公司截至二 零二五年六月三十日止六個月的中期業績，並考慮建議派付中期股息(如有)及處理其他 事項。 承董事會命 偉志控股有限公司 主席 陳鐘譜 香港, 二零二五年八月六日 於本公告日期，本公司執行董事為陳鐘譜先生(主席及行政總裁)、陸方女士、姚君瑜女士及雍建 輝女士；以及獨立非執行董事為歐陽天華先生、何志威先生及余振宇先生。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因依賴該等內容而引致的任 何損失承擔任何責任。 WAI CHI HOLDINGS COMPANY LIMITED 偉志控股有限公司 ( 於開曼群島註冊成立的有限公司 ) (股份代號: 1305) ...

Core Viewpoint - The company, Langkun Technology, is currently focused on biomass resource regeneration and synthetic biological manufacturing, with no current plans for developing technology or capacity for producing green methanol [2]. Group 1: Company Performance - As of June 24, 2025, Langkun Technology's stock closed at 17.99 yuan, up 0.56%, with a turnover rate of 2.74%, a trading volume of 33,800 shares, and a transaction amount of 60.49 million yuan [1]. Group 2: Investor Inquiries - An investor inquired about the company's capability to convert kitchen waste into green methanol, referencing a strategic cooperation agreement with Sinopec Qingdao New Energy, which focuses on biofuels and green methanol [2]. - The company confirmed that it has not yet engaged in research and development or capacity planning for green methanol production [2]. Group 3: Market Activity - On June 24, the net outflow of funds from major investors was 4.06 million yuan, while retail investors showed a net inflow of 6.48 million yuan [3].

Core Insights - The company reported a significant increase in net profit and improved cash flow, driven by new project wins and stable operational growth [2] - The company achieved a revenue of 1.791 billion yuan in 2024, a 2% year-on-year increase, and a net profit of 216 million yuan, a 21% increase [1][2] - In Q1 2025, the company reported a revenue of 412 million yuan, a 16% year-on-year decline, but a net profit of 77 million yuan, a 95% increase [1][2] Revenue Breakdown - Engineering construction revenue reached 418 million yuan, a 138% year-on-year increase, with a gross margin of 17.72%, down 1.82 percentage points [2] - Operational services generated 581 million yuan, a 9% year-on-year increase, with a gross margin of 41.43%, down 0.47 percentage points [2] - Bioenergy revenue was 786 million yuan, a 19% year-on-year decline, but the gross margin improved by 9.12 percentage points to 27.44% [2] Cash Flow Improvement - Operating cash flow significantly improved, reaching 391 million yuan, a 246% year-on-year increase [2] Environmental Projects - The company has 35 biomass resource regeneration projects, with 21 already operational [3] - New major environmental project wins include a 1.654 billion yuan biomass waste resource processing center in Beijing and a 736 million yuan biomass resource regeneration center [3] Synthetic Biology Developments - The company made significant progress in the field of human milk oligosaccharides (HMOs), achieving industry-leading product purity [4] - Regulatory approvals for LNnT and LNT have been obtained, with production capacity expected to ramp up in the coming years [4] Profit Forecast - Revenue projections for 2025-2027 are 2.293 billion, 2.882 billion, and 3.625 billion yuan, with year-on-year growth rates of 28.03%, 25.68%, and 25.81% respectively [5] - Net profit forecasts for the same period are 319 million, 436 million, and 599 million yuan, with growth rates of 48.19%, 36.63%, and 37.24% respectively [5]

R&D and Innovation - The Group achieved significant R&D results, developing over 1,000 new LED backlight products and over 100 new LED lighting products, with more than 200 patents registered in the PRC[7]. - The Group holds 288 patents registered in the PRC as of December 31, 2024, reflecting its commitment to R&D and technological advancements[83]. - The Group's R&D activities focus on new product designs, improving existing product quality, and introducing new production technologies[83]. Financial Performance - The Group's total revenue increased by approximately 19.5% to approximately HK$2,372,277,000 in 2024, compared to approximately HK$1,985,768,000 in 2023[31]. - The total revenue for the year ended December 31, 2024, was approximately HK$2,372,277,000, representing a 19.5% increase from HK$1,985,768,000 in 2023[59]. - Core revenue from LED backlight and LED lighting products was approximately HK$2,084,200,000, an increase of 17.3% compared to HK$1,776,801,000 in 2023[59]. - Gross profit from LED backlight and LED lighting products reached approximately HK$337,516,000, reflecting a 27.9% year-over-year increase[32]. - The overall gross profit margin improved to 14.6% in 2024, up by 1.1 percentage points from 13.5% in 2023[95]. - Other income for the year was approximately HK$77,313,000, representing a 6.6% increase from HK$72,543,000 in 2023[101]. Business Segments - The LED backlighting business recorded an 18.2% revenue increase to approximately HK$1,958,443,000, with automotive backlight sales surging by approximately 22.6%[31]. - Revenue from automobile onboard displays accounted for approximately 93.3% of total LED backlight product sales, up from 90.0% in 2023, with a 22.6% increase in sales[64]. - Revenue from LED backlight products was approximately HK$1,958,443,000, reflecting an 18.2% increase from HK$1,656,359,000 in 2023[59]. - Revenue from public lighting services increased significantly to HK$25,515,000 from HK$1,826,000 in 2023, while commercial lighting revenue decreased to HK$100,242,000 from HK$118,616,000[72]. Market Trends - The LED industry is evolving dynamically, driven by advancements in AI and increasing demand for high-performance display solutions[22]. - Long-term demand for LED backlighting and automotive display solutions remains strong despite short-term economic volatility[37]. - The penetration rate of new energy vehicles (NEVs) in China reached 40.9% in 2024, a year-on-year increase of 9.3 percentage points[50]. - NEV exports totaled 5.859 million units in 2024, marking a substantial 19.3% year-on-year increase[50]. Operational Efficiency - The Group is exploring vendor-managed inventory systems to enhance operational efficiency and customer transactions[58]. - The implementation of the ERP system has improved cost control and operational data management, contributing to higher financial and work efficiency[58]. - The Group is focused on integrating previously outsourced processes to enhance cost control and improve profit margins[90]. Management and Governance - The company has a strong board with members holding various professional qualifications, including Certified Public Accountants and Chartered Global Management Accountants[139]. - The management team has significant experience in financial compliance, audit services, and capital operations, enhancing the company's financial governance[139]. - The Group's results for the year ended December 31, 2024, are detailed in the Consolidated Financial Statements, with no final dividend recommended for this period[158]. Employee and Financial Management - The total staff costs incurred by the Group for the year ended December 31, 2024, was approximately HK$377,598,000[179]. - The Group had 3,519 employees as of December 31, 2024, with no significant issues reported regarding employee relations[178]. - The Group's gearing ratio as of December 31, 2024, was 43.1%, an increase from 32.2% in 2023[170]. Future Plans - The Group plans to expand production capacity to accommodate growing order volumes as current facilities are nearing full utilization[39]. - The Group aims to continue its international expansion strategy, exploring opportunities in Europe and collaborations with leading home appliance brands in China[41]. - The Group aims to become one of the leading producers in China's high-end LED backlights and lighting products[6].

Financial Position - As of December 31, 2024, the group's bank balances and cash amounted to approximately HKD 367,195,000, an increase of 2.8% compared to HKD 357,208,000 in 2023[4] - The group's bank balances and cash decreased to approximately HKD 328,878,000 as of December 31, 2024, a decline of 7.9% from HKD 357,208,000 in 2023[7] Pledged Deposits - As of December 31, 2024, the group's pledged deposits were approximately HKD 478,529,000, significantly up from approximately HKD 283,709,000 in 2023[4] - The group's pledged deposits increased to approximately HKD 516,846,000 as of December 31, 2024, compared to approximately HKD 283,709,000 in 2023[7]

Financial Performance - Revenue for the year ended December 31, 2024, was HKD 2,372,277, an increase of 19.5% from HKD 1,985,768 in 2023[3] - Gross profit for 2024 was HKD 346,106, up 28.9% from HKD 268,601 in 2023, with a gross margin of 14.6% compared to 13.5% in the previous year[3] - Profit attributable to owners of the company for 2024 was HKD 46,679, representing a 28.3% increase from HKD 36,417 in 2023[3] - Basic earnings per share for 2024 were HKD 0.212, up from HKD 0.168 in 2023, reflecting a growth of 25.9%[4] - The company reported other income of HKD 77,313 for 2024, compared to HKD 72,543 in 2023, indicating a growth of 6.5%[4] - The company recorded a pre-tax profit of HKD 54,534 for 2024, up from HKD 38,895 in 2023, which is an increase of 40.1%[4] - Total comprehensive income for the year was HKD 24,785, compared to HKD 35,522 in 2023, showing a decrease of 30.3%[5] - The company experienced a net loss of HKD 3,693 from fair value changes in equity instruments, contrasting with a gain of HKD 5,627 in 2023[5] Assets and Liabilities - Non-current assets increased from HKD 402,662 thousand in 2023 to HKD 419,283 thousand in 2024, representing a growth of approximately 4.1%[6] - Current assets net value rose to HKD 525,451 thousand in 2024, up from HKD 452,994 thousand in 2023, indicating an increase of about 15.9%[7] - Total assets less current liabilities increased from HKD 872,277 thousand in 2023 to HKD 928,113 thousand in 2024, reflecting a growth of approximately 6.4%[7] - The company's total equity reached HKD 896,561 thousand in 2024, compared to HKD 868,204 thousand in 2023, marking an increase of about 3.3%[7] - The company's cash and bank balances increased from HKD 328,878 thousand in 2023 to HKD 357,208 thousand in 2024, showing a growth of approximately 8.6%[6] - The company's lease liabilities rose significantly from HKD 3,175 thousand in 2023 to HKD 30,665 thousand in 2024, representing an increase of about 866.5%[7] - The company's total liabilities increased from HKD 1,526,446 thousand in 2023 to HKD 1,828,378 thousand in 2024, indicating a rise of approximately 19.7%[6] - The company's investment properties decreased slightly from HKD 23,700 thousand in 2023 to HKD 20,000 thousand in 2024, reflecting a decline of about 15.0%[6] - The company's financial assets measured at fair value through profit or loss decreased from HKD 7,809 thousand in 2023 to HKD 7,983 thousand in 2024, indicating a slight decline of about 2.2%[6] - The company's deferred tax assets increased from HKD 10,701 thousand in 2023 to HKD 11,927 thousand in 2024, representing a growth of approximately 11.5%[6] Research and Development - Research and development expenses increased to HKD 85,546 in 2024 from HKD 77,172 in 2023, marking a rise of 10.8%[4] Market and Business Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[4] - The group is actively seeking to expand its customer base and diversify sales channels to mitigate risks associated with international trade policies[56] Tax and Regulatory Changes - The effective tax expense for 2024 was HKD 7,577 thousand, significantly higher than HKD 2,164 thousand in 2023[26] - The group has reassessed its loan arrangements and found no significant impact on the classification of liabilities after applying the revised Hong Kong Financial Reporting Standards[12] - The revised standards clarify the characteristics of supply chain financing arrangements and require additional disclosures to help users understand their impact on actual liabilities, cash flows, and liquidity risks[13] - The group does not expect the newly issued but not yet effective financial reporting standards to have a significant impact on its performance and financial position[14] - The new Hong Kong Financial Reporting Standard No. 18 introduces new requirements for the presentation and disclosure of financial statements, which will take effect from January 1, 2027[17] - The group anticipates that the application of the new standards will not significantly affect its financial position but will impact the presentation and disclosure of future financial statements[17] Segment Performance - LED backlight sales contributed HKD 1,958,443 thousand in 2024, up 18.3% from HKD 1,656,359 thousand in 2023[22] - Semiconductor storage chip revenue increased by 38.0% to HKD 288,077 thousand in 2024 from HKD 208,967 thousand in 2023[22] - The company reported a total segment profit of HKD 94,345 thousand for 2024, compared to HKD 69,978 thousand in 2023[22] - The total revenue from LED lighting services was HKD 125,757 thousand, a slight increase from HKD 120,442 thousand in 2023[48] - Public lighting revenue surged to approximately HKD 25,515,000, significantly up from HKD 1,826,000 in 2023, driven by lighting projects in China's public school system[50] Employee and Operational Costs - The total employee costs for 2024 amounted to HKD 377,598,000, up from HKD 321,748,000 in 2023, indicating a rise of about 17.4%[30] - Administrative expenses for the year were approximately HKD 216,030,000, an increase of 12.0% from HKD 192,845,000 in 2023[62] Inventory and Receivables - The total accounts receivable for 2024 was HKD 1,151,323,000, compared to HKD 991,627,000 in 2023, representing an increase of approximately 16.1%[31] - The total inventory for 2024 was HKD 254,828,000, a decrease from HKD 265,803,000 in 2023, indicating a decline of about 4.0%[30] - The net accounts receivable as of December 31, 2024, was approximately HKD 980,962,000, an increase of 11.4% from approximately HKD 880,858,000 in 2023, attributed to increased sales of LED backlight products[68] Dividend Policy - The company did not recommend any dividend payments for the year ending December 31, 2024, consistent with 2023[38]

Revenue and Growth - Total revenue for the six months ended June 30, 2024, was approximately HKD 1,166,073,000, an increase of about 36.0% compared to HKD 857,538,000 for the same period in 2023[2]. - The core LED business revenue was approximately HKD 948,630,000, representing a growth of about 26.5% year-on-year[6]. - Sales revenue from LED backlight products reached approximately HKD 899,515,000, a rise of about 28.8% compared to HKD 698,617,000 in the previous year[6]. - The semiconductor storage chip business generated revenue of HKD 217,443,000, marking a significant increase of 101.8% from HKD 107,731,000 in the prior year[6]. - Revenue from automotive display backlight products was approximately HKD 823,079,000 during the review period[6]. - Revenue from industrial equipment display backlight products decreased by about 21.9% to HKD 64,815,000 compared to HKD 82,951,000 in the same period last year[7]. - Revenue from the LED backlight segment was HKD 899,515, while the LED lighting segment generated HKD 49,115, and the semiconductor storage chip segment contributed HKD 217,443 for the six months ended June 30, 2024[61]. - The total profit before tax for the six months ended June 30, 2024, was HKD 27,747, compared to HKD 25,005 for the same period in 2023, indicating an increase of approximately 11%[62]. Profitability and Margins - The gross profit margin decreased to 11.3% for the six months ended June 30, 2024, down from 13.1% in the same period of 2023[2]. - The overall gross profit for the period was approximately HKD 132,255,000, an increase of about 17.3% from HKD 112,740,000 in 2023, with a gross margin of approximately 11.3%[14]. - The gross profit from the LED backlight and lighting services segment was approximately HKD 128,438,000, up about 16.6% from HKD 110,151,000 in the previous year[14]. - The gross margin for the LED backlight and lighting services segment decreased by about 1.2 percentage points to approximately 13.5%[14]. - The company reported a net profit of HKD 24,264 thousand, slightly down by 1.8% from HKD 24,715 thousand in the previous year[46]. - The company reported a net profit of HKD 23,967,000 for the six months ended June 30, 2024, slightly down from HKD 24,128,000 in the same period of 2023[80]. Expenses and Costs - Sales and distribution expenses for the six months ended June 30, 2024, were approximately HKD 22,176,000, an increase of about 32.2% compared to HKD 16,776,000 for the same period in 2023[15]. - Administrative expenses, including R&D, amounted to approximately HKD 98,281,000 for the six months ended June 30, 2024, up about 21.3% from HKD 81,020,000 in the first half of 2023[16]. - The company incurred research and development expenses of HKD 34,175 thousand, up from HKD 30,850 thousand in the previous year[45]. - Financial costs increased to HKD 32,027 thousand from HKD 17,610 thousand year-over-year, reflecting a rise in interest expenses[45]. - Total employee costs increased to HKD 170,859,000, up from HKD 130,220,000 year-over-year[78]. Assets and Liabilities - Non-current assets as of June 30, 2024, totaled HKD 454,620 thousand, an increase from HKD 419,283 thousand at the end of 2023[47]. - Current assets, including inventory and accounts receivable, increased to HKD 2,243,917 thousand from HKD 1,979,440 thousand at the end of 2023[47]. - The company's net asset value rose to HKD 892,881 thousand, compared to HKD 868,204 thousand at the end of 2023[48]. - The total liabilities increased to HKD 1,805,656 as of June 30, 2024, compared to HKD 1,530,519 as of December 31, 2023, marking an increase of approximately 17.9%[64]. - Total bank and other borrowings amounted to HKD 368,386,000 as of June 30, 2024, compared to HKD 271,400,000 as of December 31, 2023, with secured loans increasing significantly[96]. Shareholder Information and Corporate Governance - The company has a major shareholder, Ruishi Technology Co., Ltd., which holds approximately 58.31% of the issued share capital, equating to 128,120,000 shares[30]. - The board did not recommend any interim dividend for the six months ended June 30, 2024[22]. - The company has adopted a new share option plan effective from December 19, 2022, replacing the previous plan[31]. - The company is committed to attracting suitable personnel to further drive its development through the share option plan[31]. - The company has committed to maintaining good corporate governance, emphasizing transparency, accountability, and independence for all shareholders[42]. Cash Flow and Investments - The company reported a net cash inflow from operating activities of HKD 24,187 thousand for the six months ended June 30, 2024, compared to a net outflow of HKD 44,484 thousand in the same period of 2023[52]. - The company incurred a net cash outflow from investing activities of HKD 167,041 thousand for the six months ended June 30, 2024, compared to HKD 17,119 thousand in the same period of 2023[52]. - The company’s investment in financial assets at fair value through profit or loss amounted to HKD 7,809 thousand as of June 30, 2024[57]. - The company’s non-listed equity investments at fair value through other comprehensive income totaled HKD 16,264 thousand as of June 30, 2024[57]. Patents and R&D Commitment - The company holds 282 registered patents in China as of June 30, 2024, reflecting its commitment to research and development[11]. - The company continues to invest in product research and development to meet customer demands and maintain its reputation as a reliable market participant[6].

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。 Wai Chi Holdings Company Limited 偉志控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1305） 截 至2024年6月30日止六個月之 中期業績公告 | --- | --- | --- | |--------------------------|--------------|-------------| | | | | | 財務摘要 | | | | | 截 至 月 | 日止六個月 | | | 6 30 2024 年 | 2023 年 | | | 未經審核 | 未經審核 | | | 千港元 | 千港元 | | 收 益 | 1,166,073 | 857,538 | | 毛 利 | 132,255 | 112,740 | | 毛利率 | 11.3% | 13.1% | | 本公司擁有人應佔期內利潤 | 23, ...