Core Viewpoint - The company, Ruixin Holdings, anticipates a net loss attributable to shareholders of approximately RMB 14.5 million for the six months ending June 30, 2025, compared to a net profit of about RMB 5.5 million for the same period in 2024 [1] Group 1: Financial Performance - The company's sales revenue is primarily derived from its ODM business, with over 90% coming from the consumer electronics sector, particularly the smartphone market [1] - ODM battery product sales volume is expected to grow by approximately 5% year-on-year in the first half of 2025, but due to a general decline in selling prices, sales revenue did not show an increase [1] - Despite an improvement in overall gross margin for ODM products compared to the previous year, a significant rise in administrative expenses led to the net loss during the period [1] Group 2: Management Insights - The increase in administrative expenses is attributed to higher costs related to employee benefits, research and development, and technical services, aimed at enhancing employee retention and fostering innovation in industrial design and AI applications [1] - Management believes that these expenditures will only have a temporary impact on the company's operating profit and are essential for sustainable future business development [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之任何損失承擔任何責任。 VESON HOLDINGS LIMITED 根據董事會現時可獲得的資料，本集團九成以上的銷售收入來自ODM業務，而當中絕大 部分收入來自消費電子市場的智能手機市場。回顧期間，ODM業務的客戶及產品結構基 本上維持不變。集團於二零二五年上半年ODM電池產品的整體銷量按年增長約5%，惟由 於銷售價格普遍下跌，銷售收入同比未錄得增幅。儘管ODM產品的整體毛利率較去年同 期有所改善，惟因回顧期間行政開支大幅上升，主要包括員工福利、研發及技術服務等 費用增加，導致期內錄得綜合淨虧損。管理層認為，上述費用的增加旨在提升員工留任 率，並持續推動工業設計及人工智能應用方面的創新，以支持集團未來業務的可持續發 展。因此，有關開支對集團的經營利潤僅構成短暫性影響。 - 1 - 本公司仍在編製及最終確定本集團截至二零二五年六月三十日止六個月之業績。本公告 所載資料僅基於董事會參考其現時可獲得資料而作出之初步評估，包括本集團截 ...

(股份代號: 01399) 董事會會議通告 本公告乃依據《香港聯合交易所有限公司證券上市規則》第13.43條而作出。 鋭信控股有限公司（「本公司」）董事（「董事」）會（「董事會」）茲通告謹定於二零二五年八 月二十九日（星期五）舉行董事會會議，以審議批准本公司及其附屬公司截至二零二五年六 月三十日止六個月之中期業績以作刊發之用、派發中期股息(如有)之建議及其他事項。 承董事會命 鋭信控股有限公司 主席 倪晨暉 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，並明確表示概不就因本公告全部或任何部份內容而產生或因 倚賴該等內容而引致之任何損失承擔任何責任。 VESON HOLDINGS LIMITED 鋭信控股有限公司 ( 於開曼群島註冊成立之有限公司 ) 香港，二零二五年八月十三日 於本公告日期，董事會之執行董事為倪晨暉先生及連秀琴女士；非執行董事為馮明竹先生； 獨立非執行董事為邢家維先生、林友耀先生及張為國先生。 ...

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: | 鋭信控股有限公司 | | | | 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) | 01399 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 5,00 ...

Core Viewpoint - The article highlights the launch of the Feimaotai Green Energy Storage Intelligent Manufacturing Project in Tianjin, which is expected to significantly contribute to the high-quality development of the Baodi District and enhance the local economy [2][3]. Group 1: Project Overview - The Feimaotai Green Energy Storage Intelligent Manufacturing Project covers an area of 500 acres with a total investment of 5 billion yuan [2]. - This project is a major collaboration between Baodi District and Feimaotai Energy Technology Co., Ltd., focusing on the development and manufacturing of high-end products such as power storage battery boxes and commercial vehicle battery swap systems [3]. Group 2: Production Capacity and Economic Impact - The project plans to establish 15 automatic production lines for square lithium battery packs, 6 automatic assembly lines for energy storage containers, and 2 production lines for commercial energy storage systems, with a planned capacity of 96 GWh per year [3]. - Upon completion, the project is expected to achieve an annual output value of approximately 10 billion yuan [3]. - The initiative aims to create a super factory in northern China, aligning with Feimaotai Group's strategic layout of "dual bases in the north and south" [3].

Group 1 - The event theme is "Battery Swap City, Smart Two-Wheelers," organized by Qidian Lithium Battery, Qidian Sodium Battery, Qidian Two-Wheelers, and Battery Swap [2] - The event will take place on July 10-11, 2025, at the DENGXILU International Hotel in Bao'an, Shenzhen [2] - The Feimaotai Green Energy Storage Intelligent Manufacturing Project in Tianjin Baodi has officially commenced, covering an area of 500 acres with a total investment of 5 billion [2][3] Group 2 - The project is expected to achieve an annual output value of approximately 10 billion after production, aiming to become a "super factory" in the northern region's new energy storage sector [3] - Feimaotai Energy Technology Co., Ltd. holds a 70% stake in the project, which focuses on energy storage products and commercial vehicle batteries [3][5] - The company has established partnerships with major firms such as Envision Energy and China CRRC, enhancing its market presence [3][6] Group 3 - Feimaotai Energy Technology has launched a new 7.8MWh prefabricated energy storage system, featuring a CTP-PACK integrated design that improves space utilization by 15%-20% and energy density to 280Wh/kg [4] - The company also covers various sectors, including power battery systems, drone batteries, and VR headset batteries [5] - Tianjin is increasing its investment attraction efforts in the new energy storage and battery industry, with significant projects in battery, systems, materials, equipment, and recycling [6]

Group 1: Industry Developments - BYD and ByteDance are collaborating to establish an "AI + High-Throughput Joint Laboratory" to tackle key technical issues in power batteries such as fast charging, lifespan, and safety [1] - JinJing New Energy and EVE Energy have launched a global lithium battery recycling network platform to enhance the effective recovery and reuse of retired battery materials [3] - The green energy storage intelligent manufacturing project by Feimaotai has commenced in Tianjin, with an annual production capacity of 96GWh planned [5] Group 2: Technological Advancements - Envision AESC has received the Witness Laboratory Qualification Certificate from TÜV Rheinland, enabling independent testing according to international safety standards [7] - Formosa Plastics Group has initiated trial production of solid-state batteries, aiming for mass production by 2027 and focusing on applications in small electric vehicles and drones [9] - LG and Toyota are forming a joint venture in North Carolina to establish a battery recycling pre-treatment plant, with a planned annual capacity of 13,500 tons starting in 2026 [12] - Samsung plans to incorporate Tesla's dry electrode technology in its solid-state batteries set for release in 2027, targeting a specific energy density of 500Wh/kg and rapid charging capabilities [14]

Financial Performance - For the year ended December 31, 2024, the turnover decreased by 13.0% to RMB 5,344,911,000 compared to RMB 6,145,228,000 in 2023[15] - The company reported a loss for the year of RMB 9,937,000, a significant decline from a profit of RMB 14,214,000 in the previous year, representing a 169.9% change[15] - Loss attributable to owners of the Company was RMB 11,980,000, down from a profit of RMB 20,109,000 in 2023, marking a 159.6% decrease[15] - Basic and diluted loss per share was RMB (1.10), a decrease of 159.8% from earnings of RMB 1.84 per share in 2023[16] - The Group's consolidated turnover for the Review Period was approximately RMB5,344.9 million, a decrease of approximately 13.0% compared to RMB6,145.2 million in 2023[53] - The Group recorded a loss attributable to owners of approximately RMB12.0 million, compared to a profit of RMB20.1 million in 2023, representing a year-on-year decrease of approximately 159.6%[59] - Gross profit for the Group was approximately RMB378.8 million, a decrease of approximately 9.5% compared to RMB418.8 million in 2023[59] - EBITDA for the year was approximately RMB162.4 million, representing a decrease of approximately 21.0% compared to RMB205.6 million in 2023[59] Business Strategy and Market Focus - The Group is adjusting its development strategy to explore new markets for wearable device batteries, automotive batteries, and energy storage batteries[7] - The Group's core business is the manufacturing and sales of 3C consumer lithium-ion battery products, and it is actively exploring new power supply product markets to diversify revenue sources[27] - The Group aims to improve operational efficiency and product development capabilities to address challenges from market competition and price reduction pressures[30] - The Group plans to shorten the research and development and manufacturing cycles to efficiently launch products that meet market demands[30] - The Group will focus on niche markets and establish differential advantages in various consumer lithium-ion battery product fields to create unique competitiveness[30] - The Group's strategy includes reallocating resources to commercial projects with higher returns and greater growth potential after exiting the Indian market[31] - The Group's investment in new energy storage intelligent hardware battery products aims to achieve higher profit margins and reduce dependence on the mobile phone battery segment[27] Sales and Revenue Insights - During the Review Period, approximately 60% of the Group's ODM sales revenue was derived from the mobile phone battery business, with sales volume and revenue decreasing by approximately 15% and 22% year-on-year respectively[30] - The sales revenue of tablet batteries and new power supply products increased by 11% and 24% year-on-year respectively, becoming the main drivers of the growth of the ODM business in 2024[30] - Over 90% of the Group's revenue during the Review Period came from the ODM business, primarily from the smartphone and tablet segments in the consumer electronics market[46] - Despite an increase in overall sales volume of ODM battery products, sales revenue and gross profit from mobile phone batteries decreased due to declining sales volume and prices[46] - Sales from mobile phone batteries amounted to approximately RMB3,334.3 million, representing 62.4% of the Group's consolidated turnover, down from 69.4% in 2023[64] Operational Efficiency and Cost Management - The Group aims to enhance market competitiveness by focusing on high-margin product segments and optimizing product structures[46] - The Group will strengthen its operational efficiency and cost control measures to stabilize gross and net profit levels amid external market risks[46] - The Group is focusing on improving profitability rather than just revenue growth, and will continue to invest in R&D for new technologies and products[48] - The Group aims to enhance operational efficiency and reduce production costs through equipment versatility and business restructuring[49] - The management team emphasized a focus on cost control measures, aiming to reduce operational costs by 10% over the next fiscal year[124] Corporate Governance and Management - The Company emphasizes corporate governance and compliance with the Securities and Futures Ordinance[139] - The Company has a diverse board with members holding various qualifications and extensive experience in finance and management[138] - The independent non-executive directors are actively involved in multiple committees, including Audit, Remuneration, and Corporate Governance[134][135] - The Company has a structured board with executive, non-executive, and independent non-executive directors, ensuring governance and oversight[161] - The Audit Committee consists of three members, including Mr. Heng Ja Wei Victor as Chairman[184] Future Outlook and Strategic Initiatives - The company has set a future outlook with a revenue guidance of $200 million for the next quarter, indicating a projected growth of 33%[124] - The company plans to invest $5 million in research and development for new battery technologies in the upcoming year[124] - The executive team highlighted a commitment to sustainability, with a goal to reduce carbon emissions by 15% by 2026[124] - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by the end of 2025[124] - The company has completed a strategic acquisition of a local competitor, which is anticipated to increase its production capacity by 30%[124] Employee and Workforce Insights - The Group had 2,406 full-time employees as of December 31, 2024, a decrease from 2,534 in 2023[114] Legal and Compliance Matters - There are ongoing legal proceedings involving former directors, which may impact the Company's governance and reputation[132] - The Company has not disclosed any significant new product developments or market expansion strategies in the recent reports[140] Financial Position and Liquidity - Cash and cash equivalents increased to approximately RMB333.0 million as of December 31, 2024, up by approximately RMB199.2 million year-on-year[86] - The Group recorded a net cash inflow from operating activities of approximately RMB256.0 million, compared to a net cash outflow of RMB102.1 million in 2023[86] - Total borrowings as of December 31, 2024, amounted to approximately RMB1,222.2 million, a decrease from RMB1,299.8 million in 2023[91] - The Group's current ratio improved to approximately 1.2 times as of December 31, 2024, compared to 1.1 times in 2023[92] - Net current assets increased by approximately 7.3% to RMB525.9 million as of December 31, 2024, from RMB490.2 million in 2023[93]

Financial Performance - The company's turnover for the year ended December 31, 2024, was RMB 5,344,911 thousand, representing a decrease of 13.0% compared to RMB 6,145,228 thousand in 2023[5]. - The company reported a loss of RMB 9,937 thousand for the year, a significant decline of 169.9% from a profit of RMB 14,214 thousand in the previous year[5]. - Loss attributable to owners of the company was RMB 11,980 thousand, down 159.6% from a profit of RMB 20,109 thousand in 2023[5]. - Basic and diluted loss per share was RMB (1.10), a decrease of 159.8% from earnings of RMB 1.84 per share in 2023[5]. - Gross profit decreased by approximately 9.5% to RMB 378.8 million from RMB 418.8 million in 2023, with a gross profit margin of 7.1%[77]. - The Group's EBITDA was approximately RMB 162.4 million, representing a decrease of approximately 21.0% compared to RMB 205.6 million in 2023[65]. - The Group recorded a loss attributable to owners of the Company amounting to approximately RMB 12.0 million, a decline of 159.6% compared to a profit of RMB 20.1 million in 2023[90]. Assets and Liabilities - Total assets decreased by 10.3% to RMB 4,368,764 thousand from RMB 4,870,355 thousand in the previous year[5]. - The company's cash position improved significantly, increasing by 148.8% to RMB 332,961 thousand from RMB 133,825 thousand[5]. - The current ratio increased to 1.2 from 1.1, indicating improved liquidity[5]. - The debt-to-equity ratio decreased to 112.4% from 119.7%, reflecting a reduction in leverage[5]. - As of December 31, 2024, the Group's borrowings amounted to approximately RMB 1,222.2 million, a decrease of approximately 5.9% from RMB 1,299.8 million in 2023[97]. - The total debt to equity ratio as of December 31, 2024, was approximately 112.4%, down from 119.7% in 2023[97]. - Net current assets increased by approximately 7.3% to RMB 525.9 million as of December 31, 2024, from RMB 490.2 million in 2023[99]. Business Strategy and Market Focus - The company is adjusting its development strategy to explore new markets for wearable device batteries, automotive batteries, and energy storage batteries[13]. - Veson Holdings Limited focuses on lithium-ion technology applications and aims to provide diversified and professional module solutions in response to market changes[13]. - The Group's core business is the manufacturing and sales of 3C consumer lithium-ion battery products, and it is actively exploring new power supply product markets to diversify revenue sources[33]. - The Group aims to improve operational efficiency and product development capabilities to address challenges from market competition and price reduction pressures[36]. - The Group will focus on niche markets and establish differential advantages in various consumer lithium-ion battery product fields to create unique competitiveness[36]. - The Group will strive to seize market growth opportunities and accelerate the deployment of new products to support long-term sustainable development[36]. Sales and Revenue - During the Review Period, approximately 60% of the Group's ODM sales revenue was derived from the mobile phone battery business, with sales volume and revenue decreasing by approximately 15% and 22% year-on-year respectively[36]. - The sales revenue of tablet batteries and new power supply products increased by 11% and 24% year-on-year respectively, becoming the main drivers of the growth of the ODM business in 2024[36]. - The ODM business accounted for approximately 93.4% of the Group's consolidated turnover, with a turnover of approximately RMB 4,994.6 million, down from RMB 5,745.8 million in 2023[59]. - Sales from mobile phone batteries amounted to approximately RMB 3,334.3 million, representing 62.4% of the Group's consolidated turnover, down from 69.4% in 2023[70]. - New power supply products generated sales of approximately RMB 262.6 million, contributing approximately 4.9% to the Group's consolidated turnover, up from 3.5% in 2023[70]. Operational Efficiency - The Group plans to control operating costs by strictly managing fixed expenses and material procurement costs while improving operational efficiency to stabilize gross and net profit[41]. - The Group aims to improve operational efficiency and reduce production costs through equipment versatility and process optimization[55]. - The Group's overall shipment of the ODM business showed an upward trend compared to 2023, despite challenges from competitors' low-price strategies[36]. Governance and Management - The Group's management team has extensive experience in financial management, engineering, and corporate governance, enhancing its strategic capabilities[133][136]. - The Group has adopted a share option plan to reward eligible participants, including directors and employees, for their contributions[125]. - The Group's board of directors regularly reviews compensation policies based on operational performance and market statistics[126]. - The Group's executive directors include Feng Ming Zhu, who has been with the Group since March 2007, and Lian Xiu Qin, who has over 20 years of experience in engineering and manufacturing technologies[127][128]. Future Outlook - The smartphone market is expected to continue growing in 2025, driven by device update cycles and demand from emerging markets, with AI technology playing a significant role[46]. - The rapid penetration of AI technology is expected to drive smartphone replacement demand in the coming years, influencing market growth[47]. - The popularization of AI-enabled mobile phones is expected to significantly increase the demand for high-performance lithium-ion batteries, driving further upgrades in battery technology[32].

Financial Performance - For the six months ended June 30, 2024, the turnover was RMB 2,440,776, a decrease of 7.7% compared to RMB 2,645,133 in the same period of 2023[5]. - The profit for the period was RMB 5,556, representing a significant improvement of 136.2% from a loss of RMB 15,343 in the previous year[5]. - Profit attributable to owners of the Company was RMB 5,524, up 138.7% from a loss of RMB 14,290 in the same period last year[5]. - Basic and diluted earnings per share were RMB 0.51, a turnaround from a loss of RMB 1.31 per share in the previous year, reflecting an increase of 138.9%[5]. - The Group recorded a consolidated turnover of approximately RMB2,440.8 million, a decrease of approximately 7.7% compared to RMB2,645.1 million in the same period of 2023[29]. - Gross profit for the Group was approximately RMB156.2 million, a decrease of approximately 13.3% from RMB180.1 million in the same period of 2023[29]. - The Group achieved a net profit of approximately RMB5.6 million, a significant improvement from a net loss of RMB15.3 million in 2023, with basic and diluted earnings per share of RMB0.51 compared to a loss of RMB1.31 per share in 2023[31]. - Total comprehensive income for the period, net of tax, was RMB 3,424, compared to a loss of RMB 13,864 in the same period last year[60]. Business Operations and Market Trends - The Group is focusing on R&D and application of lithium-ion batteries, with plans to explore new markets for wearable device batteries, car batteries, and backup batteries[8]. - According to IDC, global smartphone shipments increased by 6.5% year-on-year in Q2 2024, reaching approximately 285.4 million units, marking four consecutive quarters of growth[8]. - IDC forecasts a 4% year-on-year increase in global smartphone shipments for 2024, projecting a total of approximately 1.21 billion units[8]. - The Group's ODM business primarily supplies lithium-ion batteries for mobile phones, tablets, notebooks, and power banks, adapting to the rising trend in battery shipments for emerging consumer electronics[8]. - The strategic adjustment aims to respond to market changes driven by the device update cycle and growth in demand from emerging markets[8]. - The global smartphone market is expected to recover with a growth rate of 2.3% in 2025, driven by the rapid penetration of AI technology[12]. - The backup battery market is expected to maintain rapid growth, driven by the large-scale application of 5G technology[20]. - The smartphone market is anticipated to remain a key platform for personal entertainment and social networking for the foreseeable future[19]. Sales and Revenue Insights - More than 90% of the Group's revenue during the first half of 2024 was derived from the ODM business, primarily from the smartphone and tablet segments[17]. - Despite an increase in overall sales volume of ODM battery products, sales revenue and gross profit from mobile phone batteries decreased due to declining sales volume and prices[17]. - The gross profit margin for mobile phone products and related accessories contracted due to overcapacity in the mobile phone industry and fierce domestic price competition[17]. - Sales from ODM business accounted for approximately 91.6% of total revenue, with a revenue decrease of 9.5% attributed to reduced demand for lithium batteries and lower sales prices[31]. - Sales from mobile phone batteries were approximately RMB1,517.1 million, representing 62.2% of consolidated turnover, down from 67.5% in 2023[32]. Cost Management and Efficiency - The Group focused on improving operational efficiency and reducing production costs through asset and labor optimization during the Review Period[24]. - The Group's consolidated cost of sales decreased by approximately 7.3% to RMB2,284.6 million from RMB2,465.0 million in 2023, influenced by lower market prices for key materials[32]. - Administrative expenses were approximately RMB111.6 million, accounting for 4.6% of consolidated turnover, down from 4.9% in 2023, mainly due to reduced office expenses and staff salaries[33]. - Selling and distribution expenses were RMB (34,046), a decrease from RMB (40,675) in the previous year, indicating improved cost management[58]. Research and Development - Continuous investment in research and development of new technologies, particularly in industrial design and AI applications, is a priority for the Group[20]. - Research and development costs for the six months ended June 30, 2024, were RMB 49,532, an increase of 15.4% compared to RMB 42,884 in 2023[98]. Financial Position and Cash Flow - Cash and cash equivalents as of June 30, 2024, amounted to approximately RMB255.4 million, an increase from RMB133.8 million at December 31, 2023[42]. - The Group recorded a net cash inflow from operating activities of approximately RMB20.1 million for the six months ended June 30, 2024, compared to a net cash outflow of RMB487.9 million in 2023[42]. - Outstanding borrowings as of June 30, 2024, amounted to approximately RMB1,283.4 million, a slight decrease from RMB1,299.8 million at December 31, 2023[44]. - The total debt to equity ratio was approximately 117.8% as of June 30, 2024, down from 119.7% at December 31, 2023[44]. - The Group's current ratio improved to approximately 1.2 times as of June 30, 2024, compared to 1.1 times at December 31, 2023[44]. - The Group's net current assets were approximately RMB 516.7 million, an increase of about 5.4% from RMB 490.2 million as of December 31, 2023[45]. Corporate Governance and Compliance - The Company complied with all code provisions set out in the Corporate Governance Code during the Review Period[144]. - The Audit Committee, comprising three independent non-executive Directors, reviewed the unaudited financial information for the six months ended 30 June 2024 before presenting it to the Board for approval[145]. - The Directors confirmed compliance with the Model Code for Securities Transactions throughout the review period[144]. Shareholder Information - The substantial shareholders include Swift Joy Holdings Limited with 423,770,000 shares (38.88%) and Right Grand Holdings Limited with 128,568,000 shares (11.79%) as of June 30, 2024[141]. - Fang Jin holds interests in controlled corporations with 552,338,000 shares, representing 50.67% of the issued voting shares[141]. - The Board has decided not to recommend the payment of an interim dividend for the six months ended 30 June 2024, consistent with the interim dividend of 2023, which was also Nil[144].