Core Viewpoint - 瑞昌国际控股(01334) reported a significant decline in revenue and incurred a loss for the six months ending June 30, 2025, primarily due to delays in orders for key equipment [1] Financial Performance - The company achieved revenue of 152 million, a year-on-year decrease of 32.5% [1] - The loss attributable to shareholders was 37.97 million, compared to a profit of 11.52 million in the same period last year [1] - Basic loss per share was 7.59 cents [1] Revenue Breakdown - Revenue from the sale of sulfur recovery equipment and volatile organic compound incineration equipment decreased by 45.8%, mainly due to delayed orders [1] - Revenue from the sale of catalytic cracking equipment decreased by 60.0%, attributed to clients' instructions to temporarily delay and postpone several sales orders due to current industry conditions [1] - Revenue from the sale of process burners increased by 126.5%, driven by an increase in sales orders [1] - Revenue from the sale of heat exchangers increased by 726.9%, primarily due to an increase in sales orders and the completion of significant sales orders in the first half of 2025 [1]

Financial Performance - Revenue for the six months ended June 30, 2025, was RMB 151,799,000, a decrease of 32.5% compared to RMB 224,894,000 for the same period in 2024[4] - Gross profit for the same period was RMB 39,910,000, representing a gross margin of 26.3%, down from 33.5% in 2024[4] - The company reported a net loss of RMB 38,060,000 for the six months ended June 30, 2025, compared to a profit of RMB 11,525,000 in the prior year[4] - Basic and diluted loss per share was RMB (7.59), compared to earnings of RMB 3.07 per share in the previous year[4] - The company reported a basic loss attributable to shareholders of RMB 37,967,000 for the six months ended June 30, 2025, compared to a profit of RMB 11,525,000 for the same period in 2024[26] - The total comprehensive loss attributable to shareholders was RMB 11,179 thousand, compared to a loss of RMB 37,961 thousand in the prior year[6] Operating Expenses - Total operating expenses increased, with selling expenses at RMB 14,948,000 and administrative expenses at RMB 35,408,000 for the reporting period[5] - Research and development expenses rose to RMB 22,473,000, compared to RMB 14,723,000 in the same period last year[5] - Selling expenses increased from RMB 14.4 million in the first half of 2024 to RMB 14.9 million in the same period of 2025, mainly due to an increase in the number of sales staff and overall salary levels[67] - Administrative expenses increased from RMB 21.4 million in the first half of 2024 to RMB 35.4 million in the same period of 2025, primarily due to an increase in management and administrative staff, leading to higher salary and benefit costs[68] - R&D expenses rose from RMB 14.7 million in the first half of 2024 to RMB 22.5 million in the same period of 2025, mainly due to some engineers being reassigned to overseas sales contract design and execution roles[69] Assets and Liabilities - Total assets increased to 612,050 thousand RMB, up from 585,670 thousand RMB[7] - Non-current assets amounted to 141,280 thousand RMB, compared to 166,295 thousand RMB in the previous period[7] - Current assets rose to 252,606 thousand RMB, an increase from 265,601 thousand RMB[7] - Cash and cash equivalents reached 129,910 thousand RMB, up from 92,732 thousand RMB[7] - The company reported a total current liabilities of 343,727,000,000 RMB, an increase from 331,200,000,000 RMB, indicating a rise of approximately 3.4%[8] - The total liabilities amounted to 86,696,000,000 RMB, a decrease from 7,404,000,000 RMB, showing a significant reduction in debt levels[8] Revenue Breakdown - Revenue from sulfur recovery equipment and volatile organic compound incineration equipment was RMB 39,621 thousand in 2025, down from RMB 73,112 thousand in 2024, a decline of about 45.8%[13] - The revenue from catalytic cracking equipment decreased from RMB 132,673 thousand in 2024 to RMB 53,079 thousand in 2025, a drop of approximately 60%[13] - Revenue from artisanal burners increased by 126.5% from RMB 16.6 million in the first half of 2024 to RMB 37.6 million in the same period of 2025, driven by an increase in sales orders[60] - Revenue from heat exchangers surged by 726.9% from RMB 2.6 million in the first half of 2024 to RMB 21.5 million in the same period of 2025, attributed to increased sales orders and completion of significant sales orders[61] Market and Strategic Outlook - Future outlook remains cautious due to the current financial performance and market conditions[5] - The company is focusing on optimizing industry structure and eliminating outdated production capacity as part of its strategic initiatives[39] - The geopolitical events, particularly the Israel-Iran conflict, have significantly influenced market sentiment and oil prices in the first half of 2025[38] - Investment focus on high-end chemical materials, green low-carbon transformation, and integrated refining, with high-end chemical materials expected to grow at 18% in the first half of 2025[41] - The company aims to accelerate the development and market expansion of green low-carbon transformation businesses, addressing the growing demand for energy-efficient solutions[51] Corporate Governance and Compliance - The company has complied with all applicable corporate governance rules, except for the deviation regarding the separation of the roles of Chairman and CEO as per Rule C.2.1[84] - The company’s Audit Committee, consisting of three independent non-executive directors, has reviewed the interim financial information and found it compliant with applicable accounting standards[88] - There have been no significant subsequent events reported after the reporting period, except for the resignation of the Chief Financial Officer effective July 31, 2025[89] Investment and Development - The company is actively investing in energy-saving technology upgrades and introducing clean energy sources like hydrogen and biofuels[41] - A new intelligent factory in Luoyang is under construction, expected to enhance core production capacity significantly[44] - The phosphorus resource recovery project in Huangshan is expected to be completed by December 2025, aiming to set an industry benchmark for sustainable development[53]

Core Viewpoint - 瑞昌国际控股预计在截至2025年6月30日的六个月内将录得约人民币3800万元的净亏损，而在截至2024年6月30日的六个月内则实现了约人民币1150万元的净利润 [1] Financial Performance - 预计本期间的净亏损主要由于产品销售额减少，导致总收入和毛利下降 [1] - 相关客户暂时搁置若干材料销售订单是导致销售额减少的主要原因 [1] - 市场竞争日益激烈，导致毛利率下降 [1] - 销售、研发及行政开支增加也对财务表现产生了负面影响 [1]

Core Viewpoint - 瑞昌国际控股预计截至2025年6月30日的六个月内将录得约人民币38百万元的净亏损，相较于上年同期的纯利约人民币11.5百万元，显示出显著的财务恶化 [1] Financial Performance - 预计本期间的净亏损主要由于产品销售额减少，导致总收入及毛利下降 [1] - 上年同期公司录得的纯利为人民币11.5百万元，显示出当前财务状况的显著变化 [1] Market Conditions - 客户暂时搁置若干材料销售订单，进一步影响了公司的销售业绩 [1] - 市场竞争日趋激烈，导致毛利率下降，增加了公司的财务压力 [1] Cost Structure - 销售、研发及行政开支的增加也是导致亏损的重要因素 [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，並明確表示概不就因本公告全部或 任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 RUICHANG INTERNATIONAL HOLDINGS LIMITED 瑞 昌 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1334） 盈利警告 本公告乃瑞昌國際控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）根據 香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09 (2) (a)條及香港法例 第571章證券及期貨條例第XIVA部項下內幕消息條文（ 定義見上市規則 ）而作出。 本公司董事會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者，根據對本 集團截至二零二五年六月三十日止六個月（「本期間」）之未經審核綜合管理賬目及 董事會現時可得資料所作之初步評估，本集團預計本期間錄得虧損淨額約人民幣 38百萬元，而截至二零二四年六月三十日止六個月則錄得純利約人民幣11.5百萬 元 ...

Core Viewpoint - 瑞昌国际控股将于2025年8月29日召开董事会会议，以考虑和批准截至2025年6月30日的中期业绩公告 [1] Group 1 - The board meeting will address the interim results announcement for the six months ending June 30, 2025 [1] - The meeting will also handle any other matters that may arise [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，並明確表示概不就因本公告全部或 任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 RUICHANG INTERNATIONAL HOLDINGS LIMITED 瑞 昌 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1334） 香港，二零二五年八月十九日 於 本 公 告 日 期 ， 董 事 會 成 員 包 括 執 行 董 事 陸 波 先 生 、 陸 曉 靜 女 士 、 白 薇 女 士 、 邵松先生及吳瑞女士；以及獨立非執行董事鮑小豐先生、沈誠先生及蔣勵先生。 董事會會議召開日期 瑞昌國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈，本公司將於 二 零 二 五 年 八 月 二 十 九 日（ 星 期 五 ）舉 行 董 事 會 會 議 ， 藉 以（ 其 中 包 括 ）考 慮 及 批准本公司及其附屬公司截至二零二五年六月三十日止六個月的中期業績公告及 其刊發，及處理任何其他事項。 ...

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: 瑞昌國際控股有限公司 呈交日期: 2025年8月5日 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 01334 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 500,000,000 | | 0 | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 500,000,000 | | 0 | | 500,000,000 | I. 法定/註冊股本變動 | 1. 股份 ...

于新任财务总监获委任前，公司董事会主席、行政总裁兼执行董事陆波先生将暂时承担及履行公司财务 总监职责。 瑞昌国际控股(01334)公布，付聪先生因其他工作及个人事业追求，已提请辞任公司财务总监及公司联 席公司秘书职务，自2025年7月31日起生效。 ...

于新任财务总监获委任前，公司董事会主席、行政总裁兼执行董事陆波先生将暂时承担及履行公司财务 总监职责。 智通财经APP讯，瑞昌国际控股(01334)公布，付聪先生因其他工作及个人事业追求，已提请辞任公司财 务总监及公司联席公司秘书职务，自2025年7月31日起生效。 ...