(Stock Code: 01399) （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） VESON HOLDINGS LIMITED 銳信控股有限公司 (Incorporated in the Cayman Islands with limited liability) （股份代號：01399） Dear Non-Registered Holder of Securities of the Company, 19 September 2025 Notification of publication of corporate communications on the Company's website We hereby notify you that the following corporate communications Note (the "Current Corporate Communications") of Veson Holdings Limited (the "Company"), in both English and Chinese, is now available ...

（ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：01399） NOTIFICATION LETTER 通知信函 VESON HOLDINGS LIMITED 銳信控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 01399) 19 September 2025 Dear Registered Shareholders of the Company, Notification of publication of corporate communications on the Company's website We hereby notify you that the following corporate communications Note (the "Current Corporate Communications") of Veson Holdings Limited (the "Company"), in both English and Chinese, are ...

Financial Performance - For the six months ended June 30, 2025, the turnover was RMB 2,380,758, a decrease of 2.46% compared to RMB 2,440,776 in the same period of 2024[18]. - The company reported a loss for the period of RMB 18,870, compared to a profit of RMB 5,556 in the same period of 2024, representing a decline of 439.6%[18]. - The loss attributable to owners of the Company was RMB 14,468, a significant decrease of 361.9% from a profit of RMB 5,524 in the prior year[18]. - Basic and diluted loss per share was RMB (1.33), compared to earnings of RMB 0.51 per share in the same period of 2024, marking a decline of 360.8%[18]. - The Group recorded a consolidated turnover of approximately RMB2,380.8 million, a decrease of approximately 2.5% compared to the same period in 2024[37]. - The Group reported a loss attributable to owners of approximately RMB14.5 million, compared to a profit of RMB5.5 million in 2024, resulting in a basic and diluted loss per share of approximately RMB1.33 cents[37]. - The Group recorded a net loss attributable to owners of approximately RMB14.5 million, a decrease of 361.9% compared to a profit of RMB5.5 million in the previous year[68]. - Total comprehensive income for the period was RMB (13,314,000) for the six months ended June 30, 2025, compared to RMB 2,807,000 in the same period of 2024[122]. Revenue Breakdown - Over 90% of the Group's revenue during the Review Period (January 1, 2025 - June 30, 2025) was derived from the ODM business, primarily from smartphone and tablet segments[27]. - ODM sales revenue from mobile phone batteries accounted for approximately 63%, while tablet batteries contributed about 21% during the Review Period[28]. - Sales from mobile phone batteries amounted to approximately RMB1,423.8 million, accounting for 59.8% of the Group's consolidated turnover[51]. - The ODM business generated a turnover of approximately RMB2,249.3 million, accounting for approximately 94.5% of the Group's consolidated turnover, slightly increasing by 0.6%[47]. - The bare battery cell business recorded a turnover of approximately RMB47.7 million, accounting for approximately 2.0% of the Group's consolidated turnover, with a year-on-year decrease of approximately 26.9%[42]. Market Trends and Challenges - Global smartphone shipments increased by 1.5% year-over-year in Q1 2025, reaching 304.9 million units, but the Chinese market declined in Q2 2025[20]. - Economic uncertainties and geopolitical tensions are expected to challenge the global smartphone market, impacting demand and consumer spending[20]. - Competition is anticipated to intensify in niche segments such as foldable devices and advanced camera technology, while 5G devices are expected to drive growth in emerging markets[20]. - The global smartphone market is expected to face challenges due to economic uncertainties and geopolitical tensions, despite a projected 1.5% year-on-year increase in global smartphone shipments in Q1 2025[22]. - The rise of AI-enabled smartphones is anticipated to drive demand for high-performance lithium-ion batteries, which are crucial for innovation in the mobile phone industry[24]. Research and Development - The company focuses on R&D and application of lithium-ion batteries, providing solutions for mobile communication and internet technology companies[19]. - The company is exploring new power supply product markets and developing new energy storage intelligent hardware battery products with higher profit margins[19]. - The Group is diversifying its product and technology platforms to reduce dependence on the mobile phone battery segment amid overcapacity and declining prices in the industry[30]. - The Group is prioritizing profitability over operating income growth and is committed to investing in R&D for new technologies and AI applications[33]. - Research and development costs increased to RMB 53,101,000 in 2025 from RMB 49,532,000 in 2024, reflecting a growth of approximately 3.2%[159]. Financial Position and Cash Flow - As of June 30, 2025, the Group's cash and cash equivalents amounted to approximately RMB 148.7 million, a decrease from RMB 333.0 million as of December 31, 2024, primarily due to a net cash outflow from operating activities of approximately RMB 159.2 million during the review period[70][73]. - The Group's outstanding borrowings as of June 30, 2025, were approximately RMB 1,124.4 million, down from RMB 1,222.2 million as of December 31, 2024, with a total debt to equity ratio of approximately 105.1%[75][78]. - The Group's net current assets increased by approximately 5.7% to RMB 556.1 million as of June 30, 2025, compared to RMB 525.9 million as of December 31, 2024[82][88]. - The net cash outflow from financing activities for the six months ended June 30, 2025, was approximately RMB 100.6 million, compared to RMB 47.4 million in 2024[74][77]. - The Group's current ratio remained stable at approximately 1.2 times as of June 30, 2025, with current assets of approximately RMB 3,338.7 million and current liabilities of approximately RMB 2,782.7 million[76][79]. Employee and Operational Metrics - As of June 30, 2025, the Group had 2,465 full-time employees, a decrease from 2,542 employees as of June 30, 2024, representing a reduction of approximately 3.0%[101]. - The employee costs for the review period amounted to RMB 204.6 million, an increase of 6.2% compared to RMB 192.6 million for the six months ended June 30, 2024[101]. - The ratio of male to female employees was 65.3% and 34.7% respectively, compared to 63.8% and 36.2% in 2024[101]. Related Party Transactions - The company holds a 40% shareholding interest in a related company, with its director being the son of Mr. Fang Jin, the controlling shareholder[200]. - The company has a 24.48% shareholding interest in Fujian Scud Power Technology Co., Ltd.[200]. - The company’s related party transactions include a training expense that significantly decreased year-over-year, indicating a potential shift in strategy or reduced training needs[196]. - The company continues to maintain significant financial guarantees from its controlling shareholder, reflecting ongoing support for its subsidiaries[197]. - The overall trend in related party transactions shows a mix of decreased sales and reduced expenses, suggesting a need for strategic reassessment[196].

第 1 頁 共 10 頁 v 1.1.1 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 FF301 | 截至月份: | 2025年8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9月2日 | | | I. 法定/註冊股本變動 | | | 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) | 01399 | 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 | | | | 1,090,001,246 | | 0 | | 1,090,001,246 | | 增加 / 減少 (-) | | | | ...

格隆汇8月29日丨锐信控股(01399.HK)发布公告，截至2025年6月30日止六个月，实现营业额人民币 23.81亿元，同比减少2.46%；公司拥有人应占亏损为人民币1446.8万元，上年同期公司拥有人应占溢利 为人民币552.4万元；基本每股亏损人民币1.33分。 ...

Core Points - The company reported a revenue of approximately 2.381 billion, representing a year-on-year decrease of 2.46% [1] - The company experienced a loss attributable to shareholders of 14.468 million, marking a shift from profit to loss compared to the previous year [1] - The basic and diluted loss per share was 1.33 cents [1]

Financial Performance - For the six months ended June 30, 2025, the turnover was RMB 2,380,758, a decrease of 2.46% compared to RMB 2,440,776 in 2024[5]. - The company reported a loss of RMB 18,870 for the period, a significant decline of 439.6% from a profit of RMB 5,556 in the previous year[5]. - Loss attributable to owners of the company was RMB 14,468, down 361.9% from a profit of RMB 5,524 in 2024[5]. - Basic and diluted loss per share was RMB (1.33), compared to earnings of RMB 0.51 per share in the same period last year, reflecting a decrease of 360.8%[5]. - The Group recorded a consolidated turnover of approximately RMB2,380.8 million, a decrease of approximately 2.5% compared to the same period in 2024[39]. - The Group reported a loss attributable to owners of approximately RMB14.5 million, compared to a profit of RMB5.5 million in 2024[39]. - The Group recorded a net loss attributable to owners of approximately RMB14.5 million for the period, a decrease of 361.9% compared to a profit of RMB5.5 million in 2024[68][70]. - Total comprehensive income for the period was RMB (17,716), down from RMB 3,424 in the previous year[116]. - The company reported a total comprehensive income for the period of RMB (13,314,000) for the six months ended June 30, 2025, compared to RMB 2,807,000 for the same period in 2024[124]. Revenue Sources - During the six-month period from January 1, 2025, to June 30, 2025, over 90% of the Group's revenue was derived from the ODM business, primarily from smartphone and tablet segments[29]. - Approximately 63% of the Group's ODM sales revenue during the Review Period came from mobile phone batteries, while 21% came from tablet batteries[29]. - The ODM business generated a turnover of approximately RMB2,249.3 million, accounting for approximately 94.5% of the Group's consolidated turnover[49]. - Sales from mobile phone batteries amounted to approximately RMB1,423.8 million, accounting for about 59.8% of the Group's consolidated turnover[53]. - The aggregate sales of new power supply products contributed approximately RMB103.3 million, representing approximately 4.6% of the turnover of the ODM business[43]. Market Trends and Challenges - The global smartphone market faced challenges, with a 1.5% year-over-year increase in shipments in Q1 2025 and a 1.0% increase in Q2 2025, but a decline in China's smartphone market in Q2 2025[24]. - The rise of AI-enabled smartphones is expected to drive demand for high-performance lithium-ion batteries, which are crucial for innovation in the mobile phone industry[26]. - The smartphone market is anticipated to remain a key platform for personal entertainment and social networking, with no emerging technology expected to replace smartphones in the near future[32]. - The competition in niche segments such as foldable devices and advanced camera technology is expected to intensify, while 5G devices will continue to drive growth, particularly in emerging markets[24]. Cost and Profitability - Gross profit for the Group was approximately RMB178.4 million, an increase of approximately 14.2% compared to the same period in 2024[48]. - The overall gross profit margin improved to 7.5%, up from 6.4% in 2024, due to reduced sales costs through optimized production processes[58]. - EBITDA decreased by approximately 40.1% to RMB58.3 million compared to RMB97.3 million in 2024[50]. - Administrative expenses increased by approximately 23.5% to RMB137.7 million, accounting for about 5.8% of the Group's consolidated turnover[61]. Cash Flow and Liquidity - Cash and cash equivalents decreased to approximately RMB148.7 million as of June 30, 2025, down from RMB333.0 million at December 31, 2024, primarily due to reduced cash flows from operating activities[72][75]. - The Group experienced a net cash outflow from operating activities of approximately RMB159.2 million for the six months ended June 30, 2025, compared to a net inflow of RMB20.1 million in 2024[72][75]. - The Group's current ratio remained stable at approximately 1.2 times as of June 30, 2025, with current assets of approximately RMB3,338.7 million and current liabilities of approximately RMB2,782.7 million[78][81]. - Net current assets increased by approximately 5.7% to RMB556.1 million as of June 30, 2025, compared to RMB525.9 million at December 31, 2024[84]. Employee and Operational Metrics - Employee costs for the six months ended June 30, 2025, totaled RMB204.6 million, compared to RMB192.6 million for the same period in 2024, reflecting an increase in employee costs[103]. - The Group had 2,465 full-time employees as of June 30, 2025, a decrease from 2,542 employees as of June 30, 2024[103]. Research and Development - The company is committed to investing in R&D for new technologies, particularly in industrial design and AI applications[35]. - Research and development costs for the six months ended June 30, 2025, were RMB53,101,000, an increase from RMB49,532,000 in 2024, reflecting a growth of approximately 3.2%[165]. Assets and Liabilities - The Group's total assets decreased to RMB1,070 million as of June 30, 2025, down from RMB1,087.8 million as of December 31, 2024, representing a decrease of approximately RMB17.7 million[90]. - Total non-current liabilities increased to RMB246,438,000 as of June 30, 2025, up from RMB224,521,000 at December 31, 2024, representing a growth of 9.7%[121]. - Total trade and notes payables amounted to RMB1,805,755,000 as of June 30, 2025, down from RMB1,961,850,000, indicating a decrease of about 8.0%[191]. Regulatory and Compliance - The interim financial information has been prepared in accordance with IAS 34 and is presented in Chinese Renminbi (RMB) for the six months ended June 30, 2025[135][139]. - The adoption of new or amended IFRS Accounting Standards effective from January 1, 2025 did not have any significant impact on the Group's accounting policies[140][142].

Group 1 - The company, Ruixin Holdings (01399.HK), announced an expected 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 approximately RMB 5.5 million in the same period last year [1]

Core Viewpoint - Ruixin Holdings (01399) 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 approximately RMB 5.5 million in the same period last year [1] Group 1: Financial Performance - The company expects a significant decline in net profit, with a projected loss of RMB 14.5 million compared to a profit of RMB 5.5 million in the previous year [1] - ODM business accounts for over 90% of the company's sales revenue, primarily from the consumer electronics market, specifically the smartphone sector [1] - Overall sales volume of ODM battery products increased by approximately 5% year-on-year, but revenue did not see a corresponding increase due to a general decline in selling prices [1] Group 2: Cost Structure and Management Strategy - Despite an improvement in overall gross margin for ODM products compared to the same period last year, a significant rise in administrative expenses led to the net loss [1] - Increased administrative expenses are attributed to higher costs in 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 the rise in expenses will only have a temporary impact on the company's operating profit, supporting sustainable business development in the future [1]

Core Viewpoint - Ruixin Holdings (01399) is expected to report 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 approximately RMB 5.5 million in the same period last year [1] Group 1: Financial Performance - The company anticipates a significant decline in net profit, shifting from a profit of RMB 5.5 million to a loss of RMB 14.5 million year-on-year [1] - ODM business accounts for over 90% of the company's sales revenue, primarily driven by the smartphone market within the consumer electronics sector [1] - Overall sales volume of ODM battery products increased by approximately 5% year-on-year, but revenue did not see a corresponding increase due to a general decline in selling prices [1] Group 2: Cost Structure and Management Strategy - Despite an improvement in overall gross margin for ODM products compared to the previous year, a substantial rise in administrative expenses led to the net loss [1] - Increased administrative expenses are attributed to higher costs in 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 the rise in expenses will only have a temporary impact on the company's operating profit, supporting sustainable business development in the future [1]