智通财经APP讯，耐世特(01316)公布2025年中期业绩，收入约22.42亿美元，同比增长6.8%;公司权益持 有人应占溢利6348万美元，同比增长304.46%;每股盈利0.025美元。 公告称，盈利能力提高主要受销量增加、效率及绩效提升所带动，惟部分被北美区净关税成本及两名陷 入困境的供应商所抵销。 ...

智通财经APP讯，耐世特(01316)发布公告，自2025年8月13日起，雷自力先生已辞任主席兼首席执行官; 雷自力先生已由执行董事调任为非执行董事; 雷自力先生已不再担任上市规则项下的授权代表;及丁峰涛 先生已由非执行董事调任为执行董事，并已获委任为主席兼首席执行官及本公司授权代表。 ...

耐世特(01316)公布2025年中期业绩，收入约22.42亿美元，同比增长6.8%;公司权益持有人应占溢利6348 万美元，同比增长304.46%;每股盈利0.025美元。 公告称，盈利能力提高主要受销量增加、效率及绩效提升所带动，惟部分被北美区净关税成本及两名陷 入困境的供应商所抵销。 ...

耐世特(01316)发布公告，自2025年8月13日起，雷自力先生已辞任主席兼首席执行官;雷自力先生已由执 行董事调任为非执行董事;雷自力先生已不再担任上市规则项下的授权代表;及丁峰涛先生已由非执行董 事调任为执行董事，并已获委任为主席兼首席执行官及本公司授权代表。 ...

格隆汇8月13日丨耐世特(01316.HK)公布，自2025年8月13日起生效：(i)雷自力先生已辞任主席兼首席执 行官；(ii)雷自力先生已由执行董事调任为非执行董事；(iii)雷自力先生已不再担任上市规则项下的授权 代表；及(iv)丁峰涛先生已由非执行董事调任为执行董事，并已获委任为主席兼首席执行官及本公司授 权代表。 ...

2025年首六个月经调整EBITDA为230.4百万美元，与2024年同期相比增加33.1百万美元或16.8%。盈利 能力提高主要受销量增加、效率及绩效提升所带动，但部分被北美区净关税成本及两名陷入困境的供应 商所抵销。 格隆汇8月13日丨耐世特(01316.HK)公布，于2025年首六个月，集团实现收入22亿美元，较2024年同期 增加143.3百万美元或6.8%。就不利外币换算及商品补偿减少进行调整后，收入增长7.6%，跑赢市场450 个基点。有关增长由亚太区带动，该区收入增长15.5%，较市场高出8.7%，主要由于中国整车制造商持 续增长。 ...

[Financial Highlights](index=2&type=section&id=%E8%B4%A2%E5%8A%A1%E6%91%98%E8%A6%81) [Condensed Consolidated Interim Statement of Profit or Loss](index=2&type=section&id=%E7%AE%80%E6%98%8E%E5%90%88%E5%B9%B6%E4%B8%AD%E6%9C%9F%E5%88%A9%E6%BD%A4%E8%A1%A8) For the six months ended June 30, 2025, the company achieved a 6.8% revenue growth to $2.242 billion, a 22.7% increase in gross profit to $259 million, and a 299.4% surge in net profit attributable to equity holders to $63.48 million, with basic EPS at $0.025 Condensed Consolidated Interim Statement of Profit or Loss | Indicator | Six Months Ended June 30, 2025 (USD Thousands) | Six Months Ended June 30, 2024 (USD Thousands) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 2,242,248 | 2,098,927 | 6.8% | | Cost of sales | (1,983,341) | (1,888,000) | 5.0% | | Gross profit | 258,907 | 210,927 | 22.7% | | Engineering and product development costs | (75,393) | (88,628) | -14.9% | | Selling and distribution expenses | (10,704) | (10,790) | -0.8% | | Administrative expenses | (81,474) | (71,622) | 13.8% | | Net other income | 1,792 | 1,424 | 25.9% | | Operating profit | 93,128 | 41,311 | 125.4% | | Profit before income tax | 95,681 | 40,790 | 134.6% | | Profit for the period | 69,014 | 23,061 | 199.3% | | Profit for the period attributable to equity holders of the Company | 63,480 | 15,695 | 299.4% | | Basic earnings per share (USD) | 0.025 | 0.006 | 316.7% | [Condensed Consolidated Interim Statement of Comprehensive Income](index=3&type=section&id=%E7%AE%80%E6%98%8E%E5%90%88%E5%B9%B6%E4%B8%AD%E6%9C%9F%E7%BB%BC%E5%90%88%E6%94%B6%E7%9B%8A%E8%A1%A8) For the six months ended June 30, 2025, the company's total comprehensive income for the period was $116.2 million, a significant improvement from a $2.2 million loss in the prior year, primarily driven by a substantial increase in profit for the period and a positive shift in exchange differences Condensed Consolidated Interim Statement of Comprehensive Income | Indicator | Six Months Ended June 30, 2025 (USD Thousands) | Six Months Ended June 30, 2024 (USD Thousands) | | :--- | :--- | :--- | | Profit for the period | 69,014 | 23,061 | | Other comprehensive income (loss) | | | | Exchange differences | 47,187 | (25,256) | | Total comprehensive income (loss) for the period | 116,201 | (2,195) | | Attributable to equity holders of the Company | 109,734 | (8,330) | | Attributable to non-controlling interests | 6,467 | 6,135 | [Condensed Consolidated Interim Statement of Financial Position](index=4&type=section&id=%E7%AE%80%E6%98%8E%E5%90%88%E5%B9%B6%E4%B8%AD%E6%9C%9F%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of June 30, 2025, the company's total assets increased to $3.617 billion, total equity rose to $2.108 billion, and total liabilities grew to $1.508 billion, with cash and cash equivalents increasing by $36.9 million to $459 million Condensed Consolidated Interim Statement of Financial Position | Indicator | June 30, 2025 (USD Thousands) | December 31, 2024 (USD Thousands) | | :--- | :--- | :--- | | **Assets** | | | | Non-current assets | 1,811,367 | 1,794,818 | | Current assets | 1,805,185 | 1,684,324 | | Total assets | 3,616,552 | 3,479,142 | | **Equity** | | | | Capital and reserves attributable to equity holders of the Company | 2,066,776 | 1,978,877 | | Non-controlling interests | 41,456 | 51,024 | | Total equity | 2,108,232 | 2,029,901 | | **Liabilities** | | | | Non-current liabilities | 323,213 | 296,861 | | Current liabilities | 1,185,107 | 1,152,380 | | Total liabilities | 1,508,320 | 1,449,241 | | Total equity and liabilities | 3,616,552 | 3,479,142 | - Cash and cash equivalents increased by **$36.9 million** from $422.3 million as of December 31, 2024, to **$459.2 million** as of June 30, 2025[7](index=7&type=chunk)[53](index=53&type=chunk) [Notes to the Condensed Consolidated Interim Financial Information](index=6&type=section&id=%E7%AE%80%E6%98%8E%E5%90%88%E5%B9%B6%E4%B8%AD%E6%9C%9F%E8%B4%A2%E5%8A%A1%E8%B5%84%E6%96%99%E9%99%84%E6%B3%A8) [General Information](index=6&type=section&id=1.%20%E4%B8%80%E8%88%AC%E8%B5%84%E6%96%99) Nexteer Automotive Group Limited primarily designs and manufactures steering and driveline systems and components, including advanced driver assistance systems and autonomous driving, operating globally with key markets in North America, Europe, South America, China, and India, and is ultimately controlled by Aviation Industry Corporation of China, Ltd - The Group primarily designs and manufactures **steering and driveline systems and components**, including advanced driver assistance systems and autonomous driving, for automotive manufacturers[9](index=9&type=chunk) - The Group primarily operates in the **United States, Mexico, China, Poland, India, Morocco, and Brazil**, with key markets in North America, Europe, South America, China, and India[9](index=9&type=chunk) - The Company's ultimate controlling entity is **Aviation Industry Corporation of China, Ltd.**, and its shares have been listed on the Main Board of the Hong Kong Stock Exchange since October 7, 2013[10](index=10&type=chunk)[11](index=11&type=chunk) [Basis of Preparation and Accounting Policies](index=6&type=section&id=%E7%BC%96%E8%A3%BD%E5%9F%BA%E6%BA%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96) The condensed financial information is prepared in accordance with International Accounting Standard 34 and Appendix D2 of the Hong Kong Listing Rules, consistent with the accounting policies used in the 2024 annual financial statements, with no significant impact from the adoption of IAS 21 (Amendment) "Lack of Exchangeability" - The condensed financial information is prepared in accordance with **International Accounting Standard 34 "Interim Financial Reporting"** and the applicable disclosure requirements of Appendix D2 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited[13](index=13&type=chunk) - The accounting policies applied are **consistent with those used in the annual financial statements** for the year ended December 31, 2024[14](index=14&type=chunk) - The Group has adopted **IAS 21 (Amendment) "Lack of Exchangeability"**, effective January 1, 2025, which has no significant impact on the condensed financial information[15](index=15&type=chunk)[16](index=16&type=chunk) [Revenue and Segment Information](index=8&type=section&id=2.%20%E6%94%B6%E5%85%A5%E5%8F%8A%E5%88%86%E9%83%A8%E8%B5%84%E6%96%99) The Group's revenue primarily stems from selling steering and driveline systems and components to OEMs, along with providing tooling and prototype parts, categorizing its business into three reportable segments: North America, Asia Pacific, and Europe, Middle East, Africa, and South America, with total revenue of $2.242 billion for the six months ended June 30, 2025, where North America contributed 50.8%, Asia Pacific 30.6%, and Europe, Middle East, Africa, and South America 17.9%, with Electric Power Steering (EPS) being the main product line contributing 68.0% of revenue - The Group primarily recognizes revenue from the **sale of production parts, tooling, and engineering design and development/prototypes**[17](index=17&type=chunk)[19](index=19&type=chunk)[32](index=32&type=chunk) - The Group's business is organized into three reportable segments: **North America, Asia Pacific, and Europe, Middle East, Africa, and South America**[22](index=22&type=chunk) 2025 First Half Revenue by Geographic Segment | Geographic Segment | Revenue (USD Thousands) | Percentage (%) | | :--- | :--- | :--- | | North America | 1,138,304 | 50.8 | | Asia Pacific | 686,533 | 30.6 | | Europe, Middle East, Africa and South America | 400,851 | 17.9 | | Other | 16,560 | 0.7 | | **Total** | **2,242,248** | **100.0** | 2025 First Half Revenue by Product Line | Product Line | Revenue (USD Thousands) | Percentage (%) | | :--- | :--- | :--- | | EPS (Electric Power Steering) | 1,525,379 | 68.0 | | CIS (Column and Intermediate Shaft) | 228,499 | 10.2 | | HPS (Hydraulic Power Steering) | 91,624 | 4.1 | | DL (Driveline) | 396,746 | 17.7 | | **Total** | **2,242,248** | **100.0** | [Revenue from Contracts with Customers](index=8&type=section&id=%E5%AE%A2%E6%88%B7%E5%90%88%E7%B4%84%E6%94%B6%E5%85%A5) The Group primarily generates revenue by selling production parts, tooling, and providing engineering design and development services to OEMs, with revenue recognized upon the fulfillment of performance obligations, and contract assets and liabilities reflecting unbilled engineering work and customer prepayments - The Group enters into contracts with original equipment manufacturers to **sell steering and driveline systems and components**, and to provide tooling and prototype parts[17](index=17&type=chunk) - Revenue from production parts is recognized upon **shipment to customers and transfer of ownership and risk of loss**, while revenue from customized products is recognized using the input method[19](index=19&type=chunk) - Revenue from tooling and non-production related engineering design and development/prototypes is also recognized using the **input method** as performance obligations are satisfied[19](index=19&type=chunk) Contract Assets and Liabilities | Indicator | June 30, 2025 (USD Thousands) | December 31, 2024 (USD Thousands) | | :--- | :--- | :--- | | Contract assets | 36,937 | 46,219 | | Current contract liabilities | 24,382 | 25,329 | | Non-current contract liabilities | 107,313 | 108,062 | [Segment Information](index=9&type=section&id=%E5%88%86%E9%83%A8%E8%B5%84%E6%96%99) The Group's operations are divided into three reportable segments—North America, Asia Pacific, and Europe, Middle East, Africa, and South America—all offering identical steering and driveline products, with Adjusted EBITDA as the primary performance indicator, totaling $230.35 million for the six months ended June 30, 2025, a 16.8% increase year-on-year, with Asia Pacific contributing the highest at $115.7 million - The Group's business is organized into three reportable segments: **North America, Asia Pacific, and Europe, Middle East, Africa, and South America**, all offering the same steering and driveline products[22](index=22&type=chunk) - The key performance indicator is **Adjusted EBITDA** (operating earnings before interest, taxes, depreciation and amortization, impairment of intangible assets, impairment-related customer compensation income, and share of results of a joint venture)[23](index=23&type=chunk) 2025 First Half Adjusted EBITDA by Geographic Segment | Geographic Segment | 2025 First Half (USD Thousands) | 2024 First Half (USD Thousands) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | North America | 86,016 | 87,329 | -1.5% | | Asia Pacific | 115,704 | 104,737 | 10.5% | | Europe, Middle East, Africa and South America | 35,114 | 7,422 | 373.1% | | Other | (6,481) | (2,193) | 195.5% | | **Total** | **230,353** | **197,295** | **16.8%** | 2025 First Half Revenue by Geographic Segment | Region | 2025 First Half (USD Thousands) | 2024 First Half (USD Thousands) | | :--- | :--- | :--- | | North America | 1,138,304 | 1,118,983 | | Asia Pacific | 686,533 | 594,578 | | Europe, Middle East, Africa and South America | 400,851 | 366,348 | | Other | 16,560 | 19,018 | | **Total** | **2,242,248** | **2,098,927** | [Revenue Breakdown](index=12&type=section&id=%E6%94%B6%E5%85%A5%E5%8A%83%E5%88%86) The Group's revenue is segmented by product line into Electric Power Steering (EPS), Column and Intermediate Shaft (CIS), Hydraulic Power Steering (HPS), and Driveline (DL), with EPS being the largest contributor at $1.525 billion in the first half of 2025, an 8.6% increase year-on-year, and major customers including General Motors, Customer A, and Customer B collectively contributing over $1.5 billion 2025 First Half Revenue by Product Line | Product Line | 2025 First Half (USD Thousands) | 2024 First Half (USD Thousands) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | EPS | 1,525,379 | 1,404,555 | 8.6% | | CIS | 228,499 | 221,999 | 2.9% | | HPS | 91,624 | 90,129 | 1.7% | | DL | 396,746 | 382,244 | 3.8% | | **Total** | **2,242,248** | **2,098,927** | **6.8%** | 2025 First Half Major Customer Revenue | Customer | 2025 First Half (USD Thousands) | 2024 First Half (USD Thousands) | | :--- | :--- | :--- | | General Motors | 771,142 | 754,995 | | Customer A | 414,764 | 408,694 | | Customer B | 349,576 | 342,660 | | **Total** | **1,535,482** | **1,506,349** | [Cost of Sales and Expense Analysis](index=14&type=section&id=3.%20%E9%94%80%E5%94%AE%E6%88%90%E6%9C%AC%E5%8F%8A%E5%BC%80%E6%94%AF%E5%88%86%E6%9E%90) For the six months ended June 30, 2025, total cost of sales, engineering and product development, selling and distribution, and administrative expenses amounted to $2.151 billion, a 4.5% increase year-on-year, with raw material costs being the largest component, rising 10.5%, and a significant 95.8% decrease in intangible asset impairment expenses to $1.6 million 2025 First Half Costs and Expenses | Item | 2025 First Half (USD Thousands) | 2024 First Half (USD Thousands) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Raw materials (including work-in-progress and finished goods) | 1,479,635 | 1,339,211 | 10.5% | | Employee labor and benefit costs | 302,559 | 322,679 | -6.2% | | Temporary labor costs | 60,036 | 49,496 | 21.3% | | Depreciation of property, plant and equipment | 70,492 | 72,866 | -3.3% | | Amortization of intangible assets | 60,811 | 60,186 | 1.0% | | Impairment of intangible assets | 1,579 | 37,699 | -95.8% | | Total cost of sales, engineering and product development costs, selling and distribution, and administrative expenses | 2,150,912 | 2,059,040 | 4.5% | - Impairment of intangible assets significantly decreased from **$37.7 million** in the first half of 2024 to **$1.6 million** in the first half of 2025[33](index=33&type=chunk) [Net Other Income](index=14&type=section&id=4.%20%E5%85%B6%E4%BB%96%E6%94%B6%E7%9B%8A%E5%87%80%E9%A2%9D) For the six months ended June 30, 2025, net other income was $1.79 million, a 25.9% increase from $1.42 million in the prior year, primarily influenced by increased net foreign exchange losses and gains from the disposal of property, plant and equipment 2025 First Half Net Other Income | Item | 2025 First Half (USD Thousands) | 2024 First Half (USD Thousands) | | :--- | :--- | :--- | | Net foreign exchange loss | (7,038) | (253) | | Gain (loss) on disposal of property, plant and equipment | 262 | (1,497) | | Other | 8,568 | 3,174 | | **Total** | **1,792** | **1,424** | [Finance Income and Costs](index=15&type=section&id=5.%20%E8%9E%8D%E8%B5%84%E6%94%B6%E7%9B%8A%E5%8F%8A%E6%88%90%E6%9C%AC) For the six months ended June 30, 2025, net finance income was $0.79 million, a positive shift from a net finance cost of $2.18 million in the prior year, mainly due to a significant reduction in interest on bank borrowings 2025 First Half Finance Income and Costs | Item | 2025 First Half (USD Thousands) | 2024 First Half (USD Thousands) | | :--- | :--- | :--- | | Interest income from bank deposits | 4,182 | 3,131 | | Interest expense on bank borrowings | 1,648 | 3,246 | | Interest on lease liabilities | 1,389 | 1,309 | | Other finance costs | 2,402 | 4,150 | | Less: Amount capitalized on qualifying assets | (2,049) | (3,396) | | **Net finance income (costs)** | **792** | **(2,178)** | [Income Tax Expense](index=15&type=section&id=6.%20%E6%89%80%E5%BE%97%E7%A8%8E%E5%BC%80%E6%94%AF) For the six months ended June 30, 2025, income tax expense increased by 50.4% to $26.67 million from $17.73 million in the prior year, with the Group assessing Pillar Two legislation and expecting no significant Pillar Two income tax liabilities due to compliance with transitional safe harbor rules in most jurisdictions, while the potential impact of the US Inflation Reduction Act is still under evaluation 2025 First Half Income Tax Expense | Indicator | 2025 First Half (USD Thousands) | 2024 First Half (USD Thousands) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Income tax expense | 26,667 | 17,729 | 50.4% | | Percentage of profit before income tax | 27.9% | 43.5% | -15.6 percentage points | - The Group has assessed Pillar Two legislation and believes that the effective tax rates in most jurisdictions where it operates comply with **transitional safe harbor rules**, thus no significant Pillar Two income tax liabilities are expected[38](index=38&type=chunk)[74](index=74&type=chunk) - The potential impact of the **US Inflation Reduction Act**, which introduces significant changes to tax legislation, is currently being evaluated for its effects on the consolidated financial statements[39](index=39&type=chunk)[75](index=75&type=chunk) [Earnings Per Share](index=16&type=section&id=7.%20%E6%AF%8F%E8%82%A1%E7%9B%88%E5%88%A9) For the six months ended June 30, 2025, basic earnings per share significantly increased to $0.025 from $0.006 in the prior year, with diluted earnings per share remaining the same as basic earnings per share because the adjusted exercise price of share options was higher than the average market price per share 2025 First Half Earnings Per Share | Indicator | 2025 First Half | 2024 First Half | | :--- | :--- | :--- | | Profit attributable to equity holders of the Company (USD Thousands) | 63,480 | 15,695 | | Weighted average number of ordinary shares in issue (thousands) | 2,509,824 | 2,509,824 | | Basic earnings per share (USD) | 0.025 | 0.006 | | Diluted earnings per share (USD) | 0.025 | 0.006 | - Diluted earnings per share is the same as basic earnings per share because the **adjusted exercise price of share options was higher than the average market price per share**, thus no assumption was made that share options were exercised[42](index=42&type=chunk) [Dividends](index=17&type=section&id=8.%20%E8%82%A1%E6%81%AF) The Board does not recommend an interim dividend for the six months ended June 30, 2025, but declared a dividend of approximately $21.84 million on June 18, 2025, for the year ended December 31, 2024, while two joint ventures declared dividends totaling approximately RMB 288 million in June 2025, with approximately $16.04 million attributable to non-controlling interests - The Board does not recommend the payment of any **interim dividend** for the six months ended June 30, 2025[44](index=44&type=chunk)[100](index=100&type=chunk) - On June 18, 2025, the Board declared a dividend of approximately **$21.835 million** for the profit for the year ended December 31, 2024[44](index=44&type=chunk) - Nexteer Lingyun Driveline Systems (Zhuozhou) Co., Ltd. and Nexteer Lingyun Driveline Systems (Wuhu) Co., Ltd. declared dividends totaling approximately **RMB 288 million** in June 2025, with approximately **$16.04 million** attributable to non-controlling interests[44](index=44&type=chunk)[45](index=45&type=chunk) [Trade Receivables](index=17&type=section&id=9.%20%E5%BA%94%E6%94%B6%E8%B4%A6%E6%AC%BE) As of June 30, 2025, total trade receivables amounted to $848 million, a 2.56% increase from December 31, 2024, with credit terms primarily ranging from 30 to 90 days, and the carrying amount of trade receivables pledged as collateral increasing to $494 million Total Trade Receivables and Impairment Allowance | Indicator | June 30, 2025 (USD Thousands) | December 31, 2024 (USD Thousands) | | :--- | :--- | :--- | | Total trade receivables | 848,264 | 827,051 | | Less: Impairment allowance | (6,822) | (6,656) | | **Net trade receivables** | **841,442** | **820,395** | - As of June 30, 2025, the carrying amount of trade receivables pledged as collateral increased to **$493.6 million**, a **34.5% increase** from $367.0 million as of December 31, 2024[47](index=47&type=chunk) [Notes Receivable](index=18&type=section&id=10.%20%E5%BA%94%E6%94%B6%E7%A5%A8%E6%8D%AE) As of June 30, 2025, the amount of notes receivable outstanding was $86.61 million, a 49.0% increase from December 31, 2024, with notes receivable measured at fair value through other comprehensive income Notes Receivable Amount | Indicator | June 30, 2025 (USD Thousands) | December 31, 2024 (USD Thousands) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Amount of notes receivable outstanding | 86,605 | 58,114 | 49.0% | - Notes receivable are measured at **fair value through other comprehensive income**[48](index=48&type=chunk) [Trade Payables](index=18&type=section&id=11.%20%E5%BA%94%E4%BB%98%E8%B4%A6%E6%AC%BE) As of June 30, 2025, total trade payables amounted to $890 million, a 1.94% increase from December 31, 2024, including notes payable of $46.35 million Total Trade Payables | Indicator | June 30, 2025 (USD Thousands) | December 31, 2024 (USD Thousands) | | :--- | :--- | :--- | | Trade payables | 843,721 | 821,874 | | Notes payable | 46,352 | 51,298 | | **Total** | **890,073** | **873,172** | [Financial Review](index=19&type=section&id=%E8%B4%A2%E5%8A%A1%E5%9B%9E%E9%A1%A7) [Financial Highlights](index=19&type=section&id=%E8%B4%A2%E5%8A%A1%E6%91%98%E8%A6%81_2) In the first half of 2025, the Group's revenue reached $2.2 billion, a 6.8% year-on-year increase (7.6% adjusted), outperforming the market by 450 basis points, primarily driven by the Asia Pacific region, with Adjusted EBITDA growing 16.8% to $230.4 million due to increased sales and improved efficiency, and cash balance increasing by $36.9 million to $459.2 million, with net cash from operating activities at $142.3 million - In the first half of 2025, revenue reached **$2.2 billion**, a **6.8% year-on-year increase** (7.6% adjusted), outperforming the market by **450 basis points**, primarily driven by the Asia Pacific region[52](index=52&type=chunk) - Adjusted EBITDA was **$230.4 million**, a **16.8% year-on-year increase**, with improved profitability mainly due to increased sales, efficiency, and performance[52](index=52&type=chunk) - Cash balance increased by **$36.9 million** to **$459.2 million**; net cash generated from operating activities was **$142.3 million**, net cash used in investing activities was **$105.7 million**, and net cash used in financing activities was **$11.7 million**[53](index=53&type=chunk)[78](index=78&type=chunk) [Operating Environment](index=19&type=section&id=%E7%BB%8F%E8%90%A5%E7%8E%AF%E5%A2%83) The global automotive market directly impacts the Group's business, influenced by macroeconomic factors such as consumer confidence, commodity prices, currency fluctuations, fuel prices, and regulatory environments, with global light vehicle production increasing by 3.1% in the first half of 2025, as growth in Asia Pacific and South America offset declines in North America and Europe, while US dollar fluctuations against RMB and Euro negatively affected revenue, and the Group successfully launched 31 new customer programs, including 23 new businesses and 21 pure electric vehicle projects - The global automotive market is influenced by macroeconomic factors such as **consumer confidence, commodity prices, currency, fuel price fluctuations, and the regulatory environment**[54](index=54&type=chunk) 2025 First Half Year-on-Year Change in Light Vehicle Production by Major Market | Region | Year-on-Year Change (%) | | :--- | :--- | | North America | (4.2)% | | China | 12.3% | | India | 3.7% | | Europe | (3.7)% | | South America | 8.9% | - In the first half of 2025, **US dollar exchange rate fluctuations against the RMB and Euro** had an unfavorable impact on the Group's revenue[56](index=56&type=chunk) - The Group successfully launched **31 new customer programs**, of which 23 were new business and 21 were pure EV projects[56](index=56&type=chunk) [Revenue Analysis](index=20&type=section&id=%E6%94%B6%E5%85%A5%E5%88%86%E6%9E%90) In the first half of 2025, revenue reached $2.2422 billion, a 6.8% year-on-year increase, primarily driven by increased global light vehicle production by OEMs and numerous new program launches, despite negative impacts from unfavorable foreign currency translation (USD appreciation against RMB) and commodity price reductions, resulting in an adjusted revenue growth of 7.6%, outperforming the market by 450 basis points, with Asia Pacific revenue growing 15.5%, North America 1.7%, and Europe, Middle East, Africa, and South America 9.4%, and Electric Power Steering (EPS) revenue increasing 8.6% as the main growth driver - In the first half of 2025, revenue was **$2.2422 billion**, a **6.8% year-on-year increase**, primarily driven by increased global light vehicle production by OEMs and new program launches[57](index=57&type=chunk) - Unfavorable foreign currency translation (USD appreciation against RMB) had a negative impact of approximately **$13.0 million** on revenue, with commodity price reductions further reducing revenue by **$2.4 million**[57](index=57&type=chunk) - After adjusting for unfavorable foreign currency translation and commodity price reductions, revenue increased by **7.6% year-on-year**, outperforming the market by **450 basis points**[57](index=57&type=chunk) [Revenue by Geographic Segment](index=21&type=section&id=%E6%8C%89%E5%9C%B0%E5%8C%BA%E5%88%86%E9%83%A8%E5%8A%83%E5%88%86%E7%9A%84%E6%94%B6%E5%85%A5) Asia Pacific revenue increased by 15.5% year-on-year, driven by new program launches and a 12.3% growth in Chinese OEM production, with an adjusted growth of 16.7%, outperforming the market by 870 basis points, while North America revenue grew 1.7% despite a 4.2% regional production decline due to strong Nexteer customer program performance, and Europe, Middle East, Africa, and South America revenue increased 9.4%, benefiting from the resolution of Brazil flood impacts and European program launches, with an adjusted growth of 10.8%, outperforming the market by 1,330 basis points - North America segment revenue increased by **1.7% year-on-year**, primarily due to strong Nexteer customer program performance, despite a **4.2% decline** in regional light vehicle production[59](index=59&type=chunk) - Asia Pacific revenue increased by **15.5% year-on-year**, driven by new program launches and a **12.3% growth** in Chinese OEM production; adjusted growth was **16.7%**, outperforming the market by **870 basis points**[59](index=59&type=chunk) - Europe, Middle East, Africa, and South America segment revenue increased by **9.4% year-on-year**, benefiting from the resolution of Brazil flood impacts and European program launches; adjusted growth was **10.8%**, outperforming the market by **1,330 basis points**[61](index=61&type=chunk) [Revenue by Product](index=22&type=section&id=%E6%8C%89%E4%BA%A7%E5%93%81%E5%8A%83%E5%88%86%E7%9A%84%E6%94%B6%E5%85%A5) Electric Power Steering (EPS) revenue increased by 8.6% to $1.525 billion, primarily driven by rising customer demand in the Asia Pacific region, while Column and Intermediate Shaft (CIS) revenue grew 2.9%, Driveline (DL) revenue increased 3.8%, and Hydraulic Power Steering (HPS) revenue rose 1.7% - EPS revenue increased by **8.6% to $1.525 billion**, primarily driven by rising customer demand in the Asia Pacific region[60](index=60&type=chunk) - CIS revenue increased by **2.9%**, DL revenue increased by **3.8%**, and HPS revenue increased by **1.7%**[60](index=60&type=chunk) [Net Profit and Gross Profit](index=23&type=section&id=%E5%87%80%E5%88%A9%E6%B6%A6%E5%8F%8A%E6%AF%9B%E5%88%A9) For the six months ended June 30, 2025, net profit attributable to equity holders of the Company was $63.5 million, representing 2.8% of total revenue, a significant increase of $47.8 million from $15.7 million in the prior year, while gross profit grew 22.7% to $258.9 million, with the gross profit margin improving from 10.0% to 11.5%, mainly due to increased revenue and improved operational performance - Net profit attributable to equity holders of the Company was **$63.5 million**, representing **2.8% of total revenue**, an increase of **$47.8 million** from the prior year[62](index=62&type=chunk) - Gross profit increased by **22.7% to $258.9 million**, with the gross profit margin improving from **10.0% to 11.5%**, primarily due to increased revenue and improved operational performance[65](index=65&type=chunk) [Cost and Expense Analysis](index=23&type=section&id=%E6%88%90%E6%9C%AC%E5%8F%8A%E5%BC%80%E6%94%AF%E5%88%86%E6%9E%90) In the first half of 2025, the cost of sales as a percentage of revenue decreased from 90.0% to 88.5% compared to the prior year, engineering and product development costs decreased by 14.9% to $75.4 million, representing 3.4% of revenue, mainly due to a significant reduction in intangible asset impairment, while selling, distribution, and administrative expenses increased by 11.9% to $92.2 million, representing 4.1% of revenue [Cost of Sales](index=23&type=section&id=%E9%94%80%E5%94%AE%E6%88%90%E6%9C%AC) Cost of sales increased by 5.0% year-on-year to $1.9833 billion, with raw material costs, the largest component, rising 10.5% to $1.4796 billion, representing 66.0% of revenue, primarily due to increased revenue and higher tariff costs, while the cost of sales as a percentage of revenue decreased from 90.0% to 88.5% compared to the prior year - Cost of sales increased by **5.0% to $1.9833 billion** year-on-year[62](index=62&type=chunk) - Raw material costs increased by **10.5% to $1.4796 billion**, representing **66.0% of revenue**, primarily due to increased revenue and higher tariff costs[62](index=62&type=chunk) - The cost of sales as a percentage of revenue decreased from **90.0% to 88.5%** compared to the prior year[64](index=64&type=chunk) [Engineering and Product Development Costs](index=24&type=section&id=%E5%B7%A5%E7%A8%8B%E5%8F%8A%E4%BA%A7%E5%93%81%E5%BC%80%E5%8F%91%E6%88%90%E6%9C%AC) Engineering and product development costs decreased by 14.9% to $75.4 million, representing 3.4% of revenue, primarily due to a significant reduction in product development intangible asset impairment from $7.3 million in the prior year to $1.6 million, with total investment decreasing by 4.5% to $129.3 million - Engineering and product development costs decreased by **14.9% to $75.4 million**, representing **3.4% of revenue**[67](index=67&type=chunk) - Impairment of product development intangible assets significantly decreased from **$7.3 million** in the prior year to **$1.6 million**[67](index=67&type=chunk) - Total investment in engineering and product development costs decreased by **4.5% to $129.3 million**[68](index=68&type=chunk) [Selling, Distribution and Administrative Expenses](index=24&type=section&id=%E9%94%80%E5%94%AE%E3%80%81%E5%88%86%E9%94%80%E5%8F%8A%E8%A1%8C%E6%94%BF%E5%BC%80%E6%94%AF) Selling, distribution, and general and administrative expenses increased by 11.9% to $92.2 million, representing 4.1% of revenue - Selling, distribution, and general and administrative expenses increased by **11.9% to $92.2 million**, representing **4.1% of revenue**[69](index=69&type=chunk) [Net Other Income](index=24&type=section&id=%E5%85%B6%E4%BB%96%E6%94%B6%E7%9B%8A%E5%87%80%E9%A2%9D_%E8%B4%A2%E5%8A%A1%E5%9B%9E%E9%A1%A7) For the six months ended June 30, 2025, net other income was $1.8 million, an increase of $0.4 million from $1.4 million in the prior year, primarily due to reasons consistent with the previous period - Net other income was **$1.8 million**, an increase of **$0.4 million** from the prior year[70](index=70&type=chunk) [Finance Income/Costs](index=25&type=section&id=%E8%9E%8D%E8%B5%84%E6%94%B6%E7%9B%8A%2F%E6%88%90%E6%9C%AC_%E8%B4%A2%E5%8A%A1%E5%9B%9E%E9%A1%A7) For the six months ended June 30, 2025, the Group achieved net finance income of $0.8 million, a positive shift from a net finance cost of $2.2 million in the prior year, mainly due to reduced finance costs resulting from fluctuations in short-term borrowings - The Group achieved net finance income of **$0.8 million**, compared to a net finance cost of **$2.2 million** in the prior year[71](index=71&type=chunk) - The reduction in finance costs was primarily due to **fluctuations in short-term borrowings**[71](index=71&type=chunk) [Share of Results of Joint Ventures](index=25&type=section&id=%E5%88%86%E4%BD%94%E5%90%88%E8%90%A5%E4%BC%81%E4%B8%9A%E4%B8%9A%E7%BB%A9) For the six months ended June 30, 2025, the Group's share of results of joint ventures (Chongqing Nexteer) was $1.8 million, slightly higher than $1.7 million in the prior year - The Group's share of results of joint ventures (Chongqing Nexteer) was **$1.8 million**, compared to **$1.7 million** in the prior year[72](index=72&type=chunk) [Income Tax Expense](index=25&type=section&id=%E6%89%80%E5%BE%97%E7%A8%8E%E5%BC%80%E6%94%AF_%E8%B4%A2%E5%8A%A1%E5%9B%9E%E9%A1%A7) For the six months ended June 30, 2025, income tax expense was $26.7 million, representing 27.9% of profit before tax, a decrease from 43.5% in the prior year, with the Group assessing Pillar Two legislation and expecting no significant Pillar Two income tax liabilities due to compliance with transitional safe harbor rules in most jurisdictions, while the potential impact of the US Inflation Reduction Act is still under evaluation - Income tax expense was **$26.7 million**, representing **27.9% of profit before tax**, a decrease from **43.5%** in the prior year[73](index=73&type=chunk) - The Group has assessed Pillar Two legislation and believes that the effective tax rates in most jurisdictions where it operates comply with **transitional safe harbor rules**, thus no significant Pillar Two income tax liabilities are expected[74](index=74&type=chunk) - The potential impact of the **US Inflation Reduction Act** is still under evaluation[75](index=75&type=chunk) [Provisions](index=26&type=section&id=%E6%8B%A8%E5%A4%87) As of June 30, 2025, the Group's total provisions amounted to $110.9 million, an increase of $11.2 million from December 31, 2024, primarily due to a net change in warranty provision reflecting $26.7 million in new warranty expenses - As of June 30, 2025, the Group's total provisions amounted to **$110.9 million**, an increase of **$11.2 million** from December 31, 2024[76](index=76&type=chunk) - The increase in provisions was primarily due to a net change in warranty provision, reflecting **$26.7 million in new warranty expenses**[76](index=76&type=chunk) [Liquidity and Capital Resources](index=26&type=section&id=%E6%B5%81%E5%8A%A8%E8%B5%84%E9%87%91%E5%8F%8A%E8%B5%84%E6%9C%AC%E8%B5%84%E6%BA%90) [Cash Flow](index=26&type=section&id=%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F) The Group's business requires substantial working capital, primarily met through cash generated from operations and borrowings from third-party financial institutions; in the first half of 2025, net cash generated from operating activities was $142.3 million, a $10.1 million decrease year-on-year due to unfavorable net working capital offsetting profit increases, net cash used in investing activities was $105.7 million, a $49.0 million decrease year-on-year reflecting reduced capital expenditures for property, plant and equipment and intangible assets, and net cash used in financing activities was $11.7 million, an $8.0 million decrease year-on-year primarily due to lower dividend payments to non-controlling interests in the prior year - The Group primarily meets its working capital and other capital requirements through **cash generated from operations and borrowings from third-party financial institutions**[77](index=77&type=chunk) 2025 First Half Cash Flow | Cash Flow Category | 2025 First Half (USD Thousands) | 2024 First Half (USD Thousands) | | :--- | :--- | :--- | | Net cash generated from operating activities | 142,316 | 152,387 | | Net cash used in investing activities | (105,650) | (154,648) | | Net cash used in financing activities | (11,730) | (19,703) | | **Net increase (decrease) in cash and cash equivalents** | **24,936** | **(21,964)** | - Net cash generated from operating activities decreased by **$10.1 million**, primarily due to **unfavorable net working capital** offsetting the increase in profit[79](index=79&type=chunk) - Net cash used in investing activities decreased by **$49.0 million**, primarily reflecting reduced capital expenditures for property, plant and equipment and intangible assets[81](index=81&type=chunk) - Net cash used in financing activities decreased by **$8.0 million**, primarily due to lower dividend payments to non-controlling interests in the prior year[82](index=82&type=chunk) [Debt](index=27&type=section&id=%E5%80%BA%E5%8A%A1) As of June 30, 2025, the Group's total borrowings amounted to $48.7 million, an increase of $0.9 million from December 31, 2024, primarily due to foreign exchange impacts on RMB-denominated China term loan borrowings, with most borrowings being non-current and maturing mainly within 2 to 5 years Total Borrowings and Maturity Profile | Indicator | June 30, 2025 (USD Thousands) | December 31, 2024 (USD Thousands) | | :--- | :--- | :--- | | Current borrowings | 139 | 137 | | Non-current borrowings | 48,541 | 47,625 | | **Total borrowings** | **48,680** | **47,762** | | **Maturity profile** | | | | Within 1 year | 139 | 137 | | 1 to 2 years | 139 | 137 | | 2 to 5 years | 48,402 | 47,488 | - Total borrowings increased by **$0.9 million**, primarily due to **foreign exchange impacts** on RMB-denominated China term loan borrowings[83](index=83&type=chunk) [Pledge of Assets](index=28&type=section&id=%E8%B5%84%E4%BA%A7%E6%8A%B5%E6%8A%BC) As of June 30, 2025, the Group's total assets pledged as collateral amounted to approximately $835.6 million, an increase of $107.7 million from December 31, 2024, primarily related to increased balances of the underlying pledged assets, which include trade receivables, inventories, and property, plant and equipment - As of June 30, 2025, the Group's total assets pledged as collateral amounted to approximately **$835.6 million**, an increase of **$107.7 million** from December 31, 2024[85](index=85&type=chunk) - Pledged assets include **trade receivables, inventories, and property, plant and equipment**[85](index=85&type=chunk) [Foreign Exchange Fluctuation Risk and Related Hedging](index=28&type=section&id=%E6%B1%87%E7%8E%87%E6%B3%A2%E5%8A%A8%E9%A3%8E%E9%99%A9%E5%8F%8A%E7%9B%B8%E5%85%B3%E5%AF%B9%E5%86%B2) The Group mitigates foreign currency risk by matching material purchases and finished goods sales in the same currency and regularly monitors remaining foreign currency exposure to reduce operational foreign currency fluctuation risk - The Group limits foreign currency risk by **matching material purchases and finished goods sales in the same currency**[86](index=86&type=chunk) - The Group regularly monitors its remaining foreign currency exposure to **reduce foreign currency fluctuation risk** in its operations[86](index=86&type=chunk) [Gearing Ratio](index=29&type=section&id=%E8%B5%84%E6%9C%AC%E8%B4%9F%E5%80%BA%E7%8E%87) As of June 30, 2025, the gearing ratio was 2.3%, a 10 basis point decrease from 2.4% as of December 31, 2024 - As of June 30, 2025, the gearing ratio was **2.3%**, a **10 basis point decrease** from 2.4% as of December 31, 2024[87](index=87&type=chunk) [Other Information](index=29&type=section&id=%E5%85%B6%E4%BB%96%E8%B5%84%E6%96%99) [Future Outlook](index=29&type=section&id=%E6%9C%AA%E6%9D%A5%E5%89%8D%E6%99%AF) The Group is committed to maintaining its market leadership in global motion control technologies, including Steer-by-Wire, by aligning with major trends such as Software-Defined Vehicles, Automation, and Electrification, and leveraging its five key strengths—innovation, product portfolio depth, system integration experience, in-house R&D capabilities, and global manufacturing footprint—to enhance its future prospects, with no significant future investment or capital asset plans for the remainder of the year - The Group is committed to maintaining its market leadership in **global motion control technologies**, including Steer-by-Wire[88](index=88&type=chunk) - The Group aims to enhance its future prospects by aligning with major trends such as **Software-Defined Vehicles, Automation, and Electrification**, and leveraging its five key strengths: **innovation, product portfolio depth, system integration experience, in-house R&D capabilities, and global manufacturing footprint**[88](index=88&type=chunk)[90](index=90&type=chunk) - As of June 30, 2025, there are **no future plans for significant investments or capital assets** for the remainder of the year[89](index=89&type=chunk) [Employee Remuneration Policy](index=30&type=section&id=%E5%83%B1%E5%93%A1%E8%96%AA%E9%85%AC%E6%94%BF%E7%AD%96) As of June 30, 2025, the Group employed approximately 12,000 full-time employees and 1,800 contract employees, with a remuneration policy based on individual performance and Group results, offering retirement benefits, disability benefits, workers' compensation, and employee incentive plans to attract, retain, and motivate staff while enhancing shareholder value - As of June 30, 2025, the Group had approximately **12,000 full-time employees** and approximately **1,800 contract employees**[91](index=91&type=chunk)[92](index=92&type=chunk) - The remuneration policy is based on **individual employee performance and Group results**, and includes retirement benefits, disability benefits, workers' compensation, and employee incentive plans[91](index=91&type=chunk) [Corporate Governance Practices](index=30&type=section&id=%E4%BC%81%E4%B8%9A%E7%AE%A1%E6%B2%BB%E5%AE%9E%E5%8A%A1) The Company is committed to maintaining high standards of corporate governance, having adopted internal control and corporate governance policies in accordance with the Corporate Governance Code in Appendix C1 of the Hong Kong Listing Rules; despite the Chairman and Chief Executive Officer roles being held by the same individual, which deviates from the Code, the Board believes this arrangement provides consistent leadership and ensures significant decisions are made in consultation with the Board, with the Chairman responsible for leading and overseeing Board operations to ensure alignment with the Group's best interests - The Company has adopted **internal control and corporate governance policies** in accordance with the Corporate Governance Code in Appendix C1 of the Listing Rules on The Stock Exchange of Hong Kong Limited[93](index=93&type=chunk) - The roles of Chairman and Chief Executive Officer are held by the same individual, which deviates from Code Provision C.2.1 of Part 2 of Appendix C1 of the Listing Rules, but the Board believes this arrangement provides **consistent leadership** and ensures significant decisions are made in consultation with the Board[95](index=95&type=chunk) - The Chairman is responsible for **leading and overseeing the Board's operations**, ensuring they align with the Group's best interests, and fostering an open culture with full director participation[96](index=96&type=chunk) [Compliance with the Model Code for Securities Transactions by Directors](index=31&type=section&id=%E9%81%B5%E5%AE%88%E8%91%A3%E4%BA%8B%E8%BF%9B%E8%A1%8C%E8%AF%81%E5%88%B8%E4%BA%A4%E6%98%93%E7%9A%84%E6%93%8D%E5%AE%88%E5%AE%88%E5%88%99) The Company has adopted the Model Code set out in Appendix C3 of the Listing Rules as its code of conduct for directors' securities transactions and confirmed compliance by all directors in the first half of 2025, also establishing a code of conduct for employees with access to inside information, no less stringent than the Model Code, and providing regular training to ensure understanding of disclosure duties and responsibilities - The Company has adopted the **Model Code set out in Appendix C3 of the Listing Rules** as its code of conduct for directors' securities transactions and confirmed that all directors complied with the Model Code in the first half of 2025[97](index=97&type=chunk) - The Company has also established a code of conduct for employees who may have access to inside information, which is **no less stringent than the Model Code**, and provides regular training to help employees understand their disclosure duties and responsibilities[97](index=97&type=chunk)[98](index=98&type=chunk) [Risk Management and Internal Control Systems](index=32&type=section&id=%E9%A3%8E%E9%99%A9%E7%AE%A1%E7%90%86%E5%8F%8A%E5%86%85%E9%83%A8%E7%9B%91%E6%8E%A7%E5%88%B6%E5%BA%A6) The Company has adopted risk management and internal control systems and related procedures, and regularly reviews their effectiveness - The Company has adopted **risk management and internal control systems and related procedures**, and regularly reviews their effectiveness[99](index=99&type=chunk) [Interim Dividends](index=32&type=section&id=%E4%B8%AD%E6%9C%9F%E8%82%A1%E6%81%AF) The Board does not recommend the payment of any interim dividend for the six months ended June 30, 2025 - The Board does not recommend the payment of any **interim dividend** for the six months ended June 30, 2025[100](index=100&type=chunk) [Review by the Audit and Compliance Committee](index=32&type=section&id=%E5%AE%A1%E6%A0%B8%E5%8F%8A%E5%90%88%E8%A7%84%E5%A7%94%E5%91%98%E4%BC%9A%E5%AE%A1%E9%98%85) The Audit and Compliance Committee has reviewed the Company's unaudited condensed financial information for the six months ended June 30, 2025, with management and the external auditor, and there were no disagreements between the parties regarding the accounting treatments adopted - The Audit and Compliance Committee has reviewed the Company's **unaudited condensed financial information** for the six months ended June 30, 2025, with management and the external auditor[101](index=101&type=chunk) - There were **no disagreements** between the Audit and Compliance Committee or the auditor regarding the accounting treatments adopted by the Company[101](index=101&type=chunk) [Purchase, Sale or Redemption of Listed Securities by the Company](index=32&type=section&id=%E6%9C%AC%E5%85%AC%E5%8F%B8%E8%B4%AD%E4%B9%B0%E3%80%81%E5%87%BA%E5%94%AE%E6%88%96%E8%B5%8E%E5%9B%9E%E4%B8%8A%E5%B8%82%E8%AF%81%E5%88%B8) For the six months ended June 30, 2025, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities - For the six months ended June 30, 2025, **neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities**[102](index=102&type=chunk) [Subsequent Events](index=32&type=section&id=%E5%85%B6%E5%90%8E%E4%BA%8B%E9%A1%B9) No significant subsequent events occurred after June 30, 2025, and up to the date of this announcement - **No significant subsequent events** occurred after June 30, 2025, and up to the date of this announcement[103](index=103&type=chunk) [Forward-Looking Statements](index=33&type=section&id=%E5%89%8D%E7%9E%BB%E6%80%A7%E9%99%88%E8%BF%B0) The forward-looking statements and opinions contained in this announcement are based on current plans, estimates, and projections, involving risks and uncertainties that could cause actual results to differ materially, and the Company, its directors, and employees assume no obligation to correct or update these statements, nor any liability for their non-realization or inaccuracy - The forward-looking statements and opinions in this announcement are based on **current plans, estimates, and projections**, involving risks and uncertainties that could cause actual results to differ materially[104](index=104&type=chunk) - The Company, its directors, and employees assume **no obligation to correct or update these statements**, nor any liability for their non-realization or inaccuracy[104](index=104&type=chunk)

Nexteer Automotive Group Limited 耐世特汽車系統集團有限公司 （根 據 開 曼 群 島 法 例 註 冊 成 立 的 有 限 公 司） （股 份 代 號：1316） 董事名單與其角色與職能 耐世特汽車系統集團有限公司董事會（「董事會」）成 員 載 列 如 下： 執行董事 丁峰濤（ 首 席 執 行 官 兼 主 席） MILAVEC, Robin Zane 非執行董事 雷自力 張文冬 喬 堃 獨立非執行董事 劉健君 王 斌 岳 雲 董 事 會 設 有 兩 個 委 員 會。下 表 載 列 每 名 董 事 會 成 員 在 該 等 委 員 會 擔 任 成 員 的 資 料： | 董事委員會 審核及合規委員會 薪酬及提名委員會 董 事 | | --- | | 執行董事 | | – – 丁峰濤 | | MILAVEC, Robin Zane – – | | 非執行董事 | | – – 雷自力 | | – M 張文冬 | | M – 喬 堃 | | 獨立非執行董事 | | – C 劉健君 | | C M 王 斌 | | M – 岳 雲 | 附 註： C 董事委員會主席 M 董事委員會成員 2025 ...

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依賴該等內容而引致的任何損失承擔任何責 任。 雷 先 生 確 認，彼 並 無 向 本 公 司 提 出 任 何 申 索，與 董 事 會 之 間 亦 無 意 見 分 歧。此 外，概 無 有 關 彼 辭 任 主 席 兼 首 席 執 行 官 及 彼 獲 調 任 的 事 宜 須 提 請 本 公 司 股 東 （「股 東」）垂 注。 – 1 – Nexteer Automotive Group Limited 耐世特汽車系統集團有限公司 （根 據 開 曼 群 島 法 例 註 冊 成 立 的 有 限 公 司） （股 份 代 號：1316） 主 席 變 更； 執 行 董 事 變 更； 董 事 調 任；及 授權代表變更 董 事 會 謹 此 宣 佈，自2025年8月13日 起 生 效： 主 席、首 席 執 行 官 辭 任 及 董 事 調 任 耐世特汽車系統集團有限公司（「本公司」，連 同 其 附 屬 公 司 統 稱 ...

Group 1 - The core point of the article is that Nastech Automotive Systems (Suzhou) Co., Ltd. has obtained a patent for a "worm shaft structure in power steering systems" which indicates innovation in automotive technology [1] - The patent was granted on August 13, 2025, with an application date of July 2024, highlighting the company's ongoing commitment to research and development in the automotive sector [1] - The patented technology involves a worm shaft structure that includes a worm shaft, a housing, and a bushing that allows for improved lubrication and performance in power steering systems [1] Group 2 - Nastech Automotive Systems (Suzhou) Co., Ltd. was established in 2007 and is primarily engaged in the automotive manufacturing industry, with a registered capital of 32.8 million USD [1] - The company has participated in 27 bidding projects and holds 238 patents, indicating a strong presence in the market and a focus on innovation [1] - Additionally, the company possesses 13 administrative licenses, further demonstrating its operational capabilities and compliance within the industry [1]