Financial Performance - Total revenue decreased by approximately 13.7% to approximately RMB 464.2 million (2024: RMB 538.1 million) [2] - Gross profit increased by approximately 5.4% to approximately RMB 103.8 million (2024: RMB 98.5 million) [2] - Gross margin increased by approximately 4.1 percentage points to approximately 22.4% (2024: 18.3%) [2] - Profit attributable to owners of the company for the year was approximately RMB 30.4 million (2024: RMB 39.9 million) [2] - Total revenue for the year ended December 31, 2025, was RMB 464,168,000, a decrease of 13.0% from RMB 538,097,000 in 2024 [14] - Revenue from fiber optic cables was RMB 427,833,000 for 2025, down 12.0% from RMB 486,620,000 in 2024 [14] - The profit before income tax for the year ended December 31, 2025, was RMB 30,390 thousand, down from RMB 39,936 thousand in 2024, reflecting a decline of approximately 24.4% [23] Dividends and Shareholder Returns - The board does not recommend the payment of a final dividend for the year ending December 31, 2025 (2024: none) [2] - The company did not declare a final dividend for the year ended December 31, 2025, consistent with the previous year [31] Assets and Liabilities - Trade receivables decreased to RMB 347.7 million from RMB 436.2 million [5] - Current liabilities decreased to RMB 395.0 million from RMB 508.0 million [6] - Total assets decreased to RMB 933.5 million from RMB 1,001.3 million [6] - Cash and cash equivalents increased to RMB 261.5 million from RMB 201.1 million [5] - The company's bank borrowings as of December 31, 2025, totaled RMB 179,205 thousand, a significant decrease of 50% from RMB 360,342 thousand in 2024 [30] - The group's asset-liability ratio as of December 31, 2025, was approximately 56.6%, significantly improved from 84.5% in 2024 [50] Income and Expenses - Financing costs for the year ended December 31, 2025, amounted to RMB 8,109,000, a decrease from RMB 10,068,000 in 2024 [21] - Other income, net of expenses, for the year ended December 31, 2025, was RMB 8,142,000, down from RMB 19,481,000 in 2024 [20] - The company confirmed government grants totaling RMB 3,902,000 for 2025, compared to RMB 7,875,000 in 2024 [20] - The company's income tax expense for the year ended December 31, 2025, was RMB (3,890) thousand, a decrease from RMB (4,020) thousand in 2024 [22] - The group's sales cost decreased by approximately 18.0% to about RMB 360.3 million, down from RMB 439.6 million in the previous year [35] - Selling and distribution expenses decreased by approximately 5.0% to about RMB 17.4 million, compared to RMB 18.3 million in the previous year [38] - Management expenses increased by approximately 25.3% to about RMB 43.5 million, mainly due to additional depreciation from completed construction sites [39] - Research costs decreased by approximately 11.7% to about RMB 29.3 million, attributed to adjustments in product development projects [40] Trade Receivables and Credit Management - Trade receivables as of December 31, 2025, amounted to RMB 348,757 thousand, a decrease of 21% from RMB 441,339 thousand in 2024 [25] - The net trade receivables after deducting credit loss provisions were RMB 336,948 thousand, down from RMB 431,916 thousand in 2024 [26] - Trade receivables accounted for approximately 81.6% of the group's credit risk as of December 31, 2025, compared to 85.8% in 2024, primarily from major Chinese telecom operators [54] - The company has established a credit period of up to one year for customers with good repayment records, enhancing cash flow management [15] Corporate Governance and Compliance - The company plans to enhance its governance practices to ensure compliance with corporate governance codes [75] - The company has appointed new independent non-executive directors to comply with listing rules regarding board composition [77] - The company will continue to review and strengthen its corporate governance practices to ensure adherence to governance codes [75] - The audit committee, chaired by Mr. Chen Jirong, has reviewed the consolidated financial statements for the year ending December 31, 2025, and confirmed adherence to relevant accounting standards [81] - The remuneration committee, chaired by Mr. Liu Zhengyi, will meet at least once a year to review the company's remuneration policies and determine compensation for executive directors and senior management [82] Future Outlook and Market Trends - The global fiber optic cable market is expected to see a fundamental turnaround in supply and demand dynamics starting in the second half of 2025, driven by AI computing infrastructure [67] - According to CRU, global fiber optic cable demand is projected to reach 577 million core kilometers in 2026, a year-on-year increase of 5% [68] - The supply side is expected to face rigid constraints, with effective supply growth projected to be less than 3% in 2026, leading to a supply-demand gap of 180 million core kilometers [68] - The Chinese fiber optic cable industry is anticipated to shift from scale recovery to value enhancement in 2026, with a continuous optimization of demand structure [69] - The government prioritizes the construction of new information infrastructure, significantly increasing demand for high-speed, low-loss fiber optics and special cables [70] - The "East Data West Computing" project is entering a large-scale construction phase, which is expected to continuously drive demand for long-distance, high-capacity, low-loss trunk cables in 2026 [70] Investment and Development Plans - The company plans to renovate and rebuild its former factory site in Changzhou, Jiangsu Province, with a construction cost of RMB 38.25 million [65] - The company is focusing on optimizing production layout and product structure to steadily improve operational efficiency [71] - There will be an increase in R&D investment, with a special fund established to develop high-end optical cable products for computing centers, high-speed interconnects, and long-distance transmission [71] - The company aims to enhance the proportion of high value-added products and accelerate the R&D and mass production of green optical cables, special optical cables, and data center pre-terminated cables [71] - The company is expanding its customer base by deepening long-term partnerships with domestic core customers and actively targeting growth opportunities in non-telecom markets and data centers [71] - The company is committed to optimizing capacity and improving efficiency while stabilizing upstream raw material supply channels to strengthen supply chain management and cost control [71] Shareholder Meetings and Announcements - The annual general meeting is scheduled for June 24, 2026, with a notice to be published as per listing rules [84] - Share transfer registration will be suspended from June 18, 2026, to June 24, 2026, to determine eligible shareholders for voting at the annual general meeting [85] - The annual performance announcement is available on the Hong Kong Stock Exchange website and the company's website, with the annual report expected to be published by April 29, 2026 [88]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容引致的任何損失承擔任何責任。 Nanfang Communication Holdings Limited 南方通信控股有限公司 （於開曼群島註冊成立之有限公司） 由於本公司仍在落實本集團截至二零二五年十二月三十一日止年度之全年業績， 故本公告所載資料僅根據董事會對本集團之未經審核並可能須作出調整的綜合 管 理 賬 目 以 及 按 現 時 可 得 資 料 所 作 出 的 初 步 評 估。該 等 管 理 賬 目 未 經 本 公 司 之 核 數 師 審 核 或 審 閱，亦 未 經 本 公 司 之 審 計 委 員 會 審 閱。本 集 團 將 刊 發 的 截 至 二 零 二 五 年 十 二 月 三 十 一 日 止 年 度 之 實 際 業 績 可 能 與 本 公 告 所 載 資 料 有 所 不 同。 股東及潛在投資者務必審慎閱讀預期將於二零二六年三月底刊發之本公司截至 二零二五年十二月三十一日止年度的全年業績公告。 股東及潛在投資者於買賣本公司 ...

南方通信控股有限公司 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容引致的任何損失承擔任何責任。 Nanfang Communication Holdings Limited 南 方 通 信 控 股 有 限 公 司（「本公司」）之 董 事 會（「董事會」）謹 此 宣 佈，本 公 司 將 於 二 零 二 六 年 三 月 三 十 日（星 期 一）舉 行 董 事 會 會 議，藉 以（其 中 包 括）考 慮 及 批 准 刊 發本公司及其附屬公司截至二零二五年十二月三十一日止年度之全年業績公佈、 考 慮 派 發 末 期 股 息 或 其 他 分 派（如 有）之 建 議，以 及 處 理 任 何 其 他 事 項（如 有）。 承董事會命 南方通信控股有限公司 公司秘書 羅滿芳 香港，二零二六年三月十一日 於 本 公 告 日 期，執 行 董 事 為 石 明 先 生（行 政 總 裁）、於 茹 敏 女 士（主 席）及 於 茹 萍 女士；非執行董事為於金來先生；而獨立非執行董事為陳繼榮先生、劉正毅先生 及 ...

FF301 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: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 南方通信控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2026年3月2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) | 01617 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 8,000,000,000 | HKD | | 0.001 HKD | | | 8,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 8,000,000,000 | HKD | | 0.001 HKD | | | ...

Group 1 - The company announced a construction contract with Jiangsu Xinxia Construction Co., Ltd. for a project costing RMB 38.25 million, scheduled for completion by the end of February 2026 [1] - The project involves the construction and development of an industrial park, including the renovation and reconstruction of the company's previous factory [1] - The board believes that consolidating production capacity from two sites will enhance production efficiency and flexibility, reducing procurement, logistics, and management costs through economies of scale [1] Group 2 - The project is seen as a significant opportunity to enhance the company's image and drive business strategy breakthroughs, expected to attract elite and high-quality talent [2] - The initiative is also viewed as a chance to lower overall operating costs and create new cash flow by transforming old factory land into a modern industrial park [1][2] - The company plans to consider leasing or selling parts of the properties within the industrial park to develop new revenue streams [1]

Group 1 - The company has signed a construction contract with Jiangsu Xinxia Construction Co., Ltd. for a project costing RMB 38.25 million, scheduled for completion by the end of February 2026 [1] - The project involves the construction and development of an industrial park, including the renovation and reconstruction of the company's previous factory [1] - The board believes that consolidating production capacity from two sites will enhance production efficiency and flexibility, reducing procurement, logistics, and management costs through economies of scale [1] Group 2 - The project is seen as a significant opportunity to enhance the company's image and drive continuous breakthroughs in its business strategy [2] - It is expected that the project will attract elite and high-quality talent to the company, aiding in business expansion [2] - The company plans to convert old factory land into a modern industrial park, which will significantly reduce maintenance costs associated with outdated equipment and facilities [1]

Core Viewpoint - Southern Communications (01617.HK) has announced a construction contract with a contractor for a project, with a total construction cost of RMB 38.25 million [1] Group 1: Financial Details - The company will pay approximately RMB 2.1 million to the Wujin District Housing and Urban-Rural Development Bureau for infrastructure fees related to the project by the end of February 2026 [1] - The total construction cost of RMB 38.25 million indicates a significant investment in infrastructure development [1] Group 2: Project Timeline - The construction contract is set to be executed with a timeline that aligns with the company's strategic planning for infrastructure projects [1] - Payments related to the project are scheduled to be made by February 2026, indicating a clear timeline for financial commitments [1]

須予披露交易 南方科技生態產業園 發展之 建築合約 建築合約 於 二 零 二 六 年 二 月 十 三 日，南 方 通 信（本 公 司 的 間 接 全 資 附 屬 公 司）與 承 辦 商 就該項目提供建築工程及建築勞務訂立建築合約，建築費用為人民幣38.25百 萬元。 基礎設施配套費 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Nanfang Communication Holdings Limited 南方通信控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1617） 根據該項目的施工時間表，南方通信將於二零二六年二月底前支付由武進區 住房和城鄉建設局徵收就該項目的基礎設施配套費約人民幣2.1百萬元。 – 1 – 上市規則之涵義 由 於 根 據 建 築 合 約 項 下 擬 進 行 交 易 的 一 個 或 多 個 適 用 百 分 比 率（定 義 見 上 市 規 則）超 過5%但全部均低於25%，根據上市規則第14.06(2)條，根據建築 ...

Group 1 - A total of 125 stocks reached a 52-week high as of February 9, with notable performers including Zhongmiao Holdings (107.50% increase), Southern Communications (48.48% increase), and Putian Communication Group (41.30% increase) [1] - The highest closing price recorded was for Zhongmiao Holdings at 39.520, with a peak of 41.500 [1] - Other significant stocks that reached new highs include KFM Jinde (19.23% increase), Baoji Pharmaceutical (18.20% increase), and Shenyang Public Development (18.18% increase) [1] Group 2 - The report also lists stocks that reached new lows, with Dajiankang International showing the largest decline at -18.67%, followed by China Technology Industry Group at -14.75% [4] - Other notable declines include FI II Southern Nikkei (-8.08%) and Zhuozheng Medical (-7.67%) [4] - The lowest closing price recorded was for Dajiankang International at 0.660, with a low of 0.610 [4]

Group 1 - The core point of the article highlights that Southern Communications (01617) has surged over 60%, with a year-to-date increase exceeding 380% [1] - As of the report, the stock price reached 0.48 HKD, with a trading volume of 47.53 million HKD [1] - Southern Communications is identified as a fiber optic supplier, focusing on deepening partnerships with telecom operators and expanding into non-operator and overseas markets [1] Group 2 - The company plans to strengthen its core market by aligning with telecom operators' construction plans in areas such as 5G, gigabit optical networks, and data center interconnects [1] - Southern Communications aims to maintain and expand its market share in operator procurement tenders while increasing investments in non-operator markets, including data centers and industrial internet [1]