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: 海納智能裝備國際控股有限公司 呈交日期: 2025年9月1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) | 01645 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 本月 ...

Group 1 - The core viewpoint of the article is that Haina Intelligent (01645) reported a significant increase in revenue and a turnaround in profit for the first half of 2025, driven primarily by sales of baby and adult diaper machines [1] - The company's revenue reached 224 million RMB, representing a year-on-year growth of 22.9% [1] - The profit attributable to the company's owners was 8.787 million RMB, a recovery from a loss of 11.627 million RMB in the same period last year [1] Group 2 - The increase in revenue was mainly due to higher sales of baby diaper machines and adult diaper machines [1] - This growth was partially offset by a decline in sales of feminine hygiene machines, wet wipe machines, and parts and components [1] - The basic earnings per share for the period were 1.56 cents [1]

Group 1 - The company reported revenue of approximately RMB 224.2 million for the six months ending June 30, 2025, compared to approximately RMB 182.4 million in the same period last year [1] - The profit attributable to the company's owners was approximately RMB 8.8 million, a significant improvement from a loss of approximately RMB 11.6 million in the same period last year [1]

[Summary](index=1&type=section&id=%E6%91%98%E8%A6%81) [Interim Results Summary for the Six Months Ended June 30, 2025](index=1&type=section&id=%E6%88%AA%E8%87%B3%E4%BA%8C%E9%9B%B6%E4%BA%94%E5%B9%B4%E5%85%AD%E6%9C%88%E4%B8%89%E5%8D%81%E6%97%A5%E6%AD%A2%E5%85%AD%E5%80%8B%E6%9C%88%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE%E6%91%98%E8%A6%81) The Group reported unaudited condensed consolidated results for the six months ended June 30, 2025, with revenue of approximately **RMB 224.2 million**, gross profit of approximately **RMB 51.7 million**, and a gross profit margin of approximately **23.1%**, turning a loss into a profit attributable to owners of the Company of approximately **RMB 8.8 million** Major Financial Indicators for H1 2025 | Indicator | H1 2025 (RMB million) | H1 2024 (RMB million) | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | 224.2 | 182.4 | 22.9% growth | | Gross Profit | 51.7 | 30.5 | 69.5% growth | | Gross Profit Margin | 23.1% | 16.7% | increased by 6.4 percentage points | | Profit (Loss) Attributable to Owners of the Company | 8.8 | (11.6) | turned a loss into a profit | [Unaudited Condensed Consolidated Financial Statements](index=2&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8) [Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) For the six months ended June 30, 2025, the Group's revenue increased to **RMB 224.153 million**, gross profit significantly rose to **RMB 51.651 million**, achieving a gross profit margin of **23.1%**, with a profit before tax of **RMB 7.913 million** and profit attributable to owners of the Company of **RMB 8.787 million**, successfully reversing the loss from the prior year Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (For the six months ended June 30) | Indicator | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Revenue | 224,153 | 182,391 | | Cost of sales | (172,502) | (151,858) | | Gross Profit | 51,651 | 30,533 | | Other income | 2,552 | 5,145 | | Selling and distribution costs | (10,584) | (7,708) | | Administrative and other operating expenses | (35,111) | (33,152) | | Finance costs | (1,404) | (725) | | Profit (loss) before tax | 7,913 | (13,438) | | Income tax expense | (636) | (117) | | Profit (loss) for the period | 7,277 | (13,555) | | Profit (loss) attributable to owners of the Company | 8,787 | (11,627) | | Basic earnings (loss) per share (RMB cents) | 1.56 | (2.06) | [Unaudited Condensed Consolidated Statement of Financial Position](index=4&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) As of June 30, 2025, the Group's non-current assets increased to **RMB 474.907 million**, current assets increased to **RMB 449.560 million**, with net current liabilities of **RMB (198.588) million**, and net assets increased to **RMB 269.610 million**, indicating robust financial growth Condensed Consolidated Statement of Financial Position (As of June 30) | Indicator | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Non-current assets | 474,907 | 448,180 | | Current assets | 449,560 | 423,679 | | Current liabilities | 648,148 | 598,508 | | Net current liabilities | (198,588) | (174,829) | | Net assets | 269,610 | 265,967 | | Equity attributable to owners of the Company | 270,679 | 266,426 | [Notes to the Unaudited Condensed Consolidated Financial Statements](index=6&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8%E9%99%84%E8%A8%BB) [General Information and Basis of Preparation](index=6&type=section&id=%E4%B8%80%E8%88%AC%E8%B3%87%E6%96%99%E5%8F%8A%E7%B7%A8%E8%A3%BD%E5%9F%BA%E6%BA%96) The Company, incorporated in the Cayman Islands, primarily engages in investment holding, with the Group mainly involved in designing and manufacturing automated machinery for disposable hygiene products in China; the interim financial statements are prepared on a going concern basis under HKAS 34 and Listing Rules, despite net current liabilities, as directors anticipate sufficient working capital - The Company is incorporated in the Cayman Islands, with shares listed on the Main Board of the Stock Exchange of Hong Kong on **June 3, 2020**[8](index=8&type=chunk) - The Group is principally engaged in the design and manufacture of automated machinery for disposable hygiene products in China[8](index=8&type=chunk) - As of June 30, 2025, the Group recorded **net current liabilities of approximately RMB 198,588,000**, but the directors believe the Group will have sufficient working capital to prepare the financial statements on a going concern basis[12](index=12&type=chunk) [Accounting Policies and Adoption of Standards](index=7&type=section&id=%E6%9C%83%E8%A8%88%E6%94%BF%E7%AD%96%E5%8F%8A%E6%BA%96%E5%89%87%E6%8E%A1%E7%B4%8D) The Group has adopted new/revised HKFRSs effective for the current interim period, which have no material impact on the financial position or performance for current and prior periods, and directors anticipate no significant impact from future adoptions - The Group has adopted the amendments to HKAS 21, "Lack of Exchangeability"[14](index=14&type=chunk) - The adoption of new/revised HKFRSs has no material impact on the Group's financial position and performance for the current and prior periods[14](index=14&type=chunk) [Segment Information](index=7&type=section&id=%E5%88%86%E9%83%A8%E8%B3%87%E6%96%99) The Group's management considers the entire business as a single operating segment: designing and manufacturing automated machinery for disposable hygiene products, with revenue primarily from China but significant growth in South Asia and South America, and non-current assets mainly located in mainland China - The Group has only one operating and reportable segment: the design and manufacture of automated machinery for disposable hygiene products[15](index=15&type=chunk) [Geographical Information of Revenue from External Customers](index=8&type=section&id=%E4%BE%86%E8%87%AA%E5%A4%96%E9%83%A8%E5%AE%A2%E6%88%B6%E4%B9%8B%E6%94%B6%E7%9B%8A%E5%9C%B0%E5%8D%80%E5%88%86%E4%BD%88) Geographical Information of Revenue from External Customers (For the six months ended June 30) | Region | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | China | 97,751 | 109,823 | | Southeast Asia | 47,153 | 54,345 | | South Asia | 40,526 | 33 | | South America | 22,073 | 7,509 | | Central Asia | 6,576 | 10,649 | | East Africa | 5,879 | – | | West Asia | 3,755 | – | | Others | 440 | 32 | | **Total** | **224,153** | **182,391** | - Revenue from the South Asia region significantly increased from **RMB 33 thousand in 2024 to RMB 40,526 thousand in 2025**[17](index=17&type=chunk) - Revenue from South America increased from **RMB 7,509 thousand in 2024 to RMB 22,073 thousand in 2025**[17](index=17&type=chunk) [Geographical Information of Non-current Assets](index=8&type=section&id=%E9%9D%9E%E6%B5%81%E5%8B%95%E8%B3%87%E7%94%A2%E5%9C%B0%E5%8D%80%E5%88%86%E4%BD%88) Geographical Information of Non-current Assets (As of June 30) | Region | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Mainland China | 472,667 | 445,835 | | Hong Kong | 66 | 171 | | **Total** | **472,733** | **446,006** | [Major Customer Information](index=9&type=section&id=%E4%B8%BB%E8%A6%81%E5%AE%A2%E6%88%B6%E8%B3%87%E6%96%99) Revenue from Major Customers (For the six months ended June 30) | Customer | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Customer A | 23,725 | – | - In H1 2025, **Customer A contributed RMB 23,725 thousand in revenue**, accounting for over 10% of total revenue, with no such customer in the prior year[20](index=20&type=chunk) [Revenue](index=9&type=section&id=%E6%94%B6%E7%9B%8A) The Group's revenue primarily derives from machinery sales and parts sales, with significant growth in baby diaper and adult diaper machine sales offsetting declines in feminine hygiene napkin and wet wipe machine sales Revenue by Product Type (For the six months ended June 30) | Product Type | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Baby diapers | 115,800 | 78,121 | | Adult diapers | 81,897 | 61,031 | | Feminine hygiene napkins | 9,401 | 20,605 | | Wet wipes | – | 3,468 | | Parts and components sales | 17,055 | 19,166 | | **Total** | **224,153** | **182,391** | - Sales of baby diaper machines increased by **48.2% year-on-year**, and adult diaper machine sales increased by **34.2% year-on-year**[22](index=22&type=chunk) - Sales of feminine hygiene napkin machines decreased by **54.4% year-on-year**, and wet wipe machine sales decreased by **100% year-on-year**[22](index=22&type=chunk) [Other Income](index=10&type=section&id=%E5%85%B6%E4%BB%96%E6%94%B6%E5%85%A5) Other income for the period was approximately **RMB 2.552 million**, a decrease of approximately **49.0%** from **RMB 5.145 million** in the prior year, mainly due to reduced bond interest income and exchange gains Details of Other Income (For the six months ended June 30) | Item | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Bank interest income | 184 | 340 | | Interest income from debt instruments measured at amortized cost | – | 1,341 | | Net exchange gain | – | 1,350 | | Government grants | 544 | 380 | | Additional input VAT deduction | 268 | – | | Scrap sales | 731 | 607 | | Others | 825 | 1,127 | | **Total** | **2,552** | **5,145** | - An additional input VAT deduction of **RMB 268 thousand** was recognized in 2025, benefiting from tax incentives for advanced manufacturing enterprises[23](index=23&type=chunk)[24](index=24&type=chunk) [Profit (Loss) Before Tax](index=10&type=section&id=%E9%99%A4%E7%A8%85%E5%89%8D%E5%88%A9%E6%BD%A4%EF%BC%88%E虧%E6%90%8D%EF%BC%89) Profit before tax for the period was **RMB 7.913 million**, compared to a loss of **RMB 13.438 million** in the prior year, with increases in finance costs, staff costs, and research and development expenses [Finance Costs](index=10&type=section&id=%E8%B2%A1%E5%8B%99%E6%88%90%E6%9C%AC) Details of Finance Costs (For the six months ended June 30) | Item | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Interest on bank borrowings | 4,366 | 2,334 | | Finance charges on lease liabilities | 181 | 373 | | Less: Interest on bank borrowings capitalized to construction in progress | (3,143) | (1,982) | | **Total** | **1,404** | **725** | - Finance costs increased by approximately **100% year-on-year**, primarily due to increased interest on bank borrowings[23](index=23&type=chunk) [Staff Costs](index=11&type=section&id=%E5%83%B1%E5%93%A1%E6%88%90%E6%9C%AC) Details of Staff Costs (For the six months ended June 30) | Item | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Salaries, allowances, discretionary bonuses and other benefits in kind | 30,680 | 26,901 | | Equity-settled share-based payment expenses | 121 | 280 | | Contributions to defined contribution plans | 5,323 | 3,812 | | **Total** | **36,124** | **30,993** | - Staff costs increased by approximately **16.5% year-on-year**, mainly due to increases in salaries, allowances, and contributions to defined contribution plans[25](index=25&type=chunk) [Other Items](index=11&type=section&id=%E5%85%B6%E4%BB%96%E9%A0%85%E7%9B%AE) Details of Other Items (For the six months ended June 30) | Item | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Cost of inventories | 172,502 | 151,858 | | Amortization of intangible assets | 2,095 | 2,703 | | Depreciation of property, plant and equipment (net of capitalization) | 6,376 | 7,550 | | Net exchange loss (gain) | 573 | (1,350) | | Research and development expenses | 15,108 | 13,920 | - Research and development expenses increased by approximately **8.5% year-on-year**, indicating the company's continued investment in technological innovation[25](index=25&type=chunk) - Net exchange differences shifted from a **gain in the prior year to a loss** in the current period[25](index=25&type=chunk) [Income Tax Expense](index=11&type=section&id=%E6%89%80%E5%BE%97%E7%A8%85%E9%96%8B%E6%94%AF) Income tax expense for the period was approximately **RMB 0.636 million**, a significant increase from **RMB 0.117 million** in the prior year, primarily due to increased taxable profits of the Group's operating subsidiaries in China, with some Chinese entities enjoying preferential tax rates for high-tech enterprises Details of Income Tax Expense (For the six months ended June 30) | Item | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | PRC enterprise income tax | 352 | 117 | | Hong Kong profits tax | 284 | – | | **Total** | **636** | **117** | - Jinjiang Haina, Hangzhou Haina, and Jinjiang Haijia are recognized as high-tech enterprises, enjoying a **preferential tax rate of 15%**[27](index=27&type=chunk) - Hong Kong profits tax of **RMB 284 thousand** was incurred in the current period, with none in the prior year[26](index=26&type=chunk)[29](index=29&type=chunk) [Dividends](index=12&type=section&id=%E8%82%A1%E6%81%AF) The Board of Directors has resolved not to declare an interim dividend for the period, consistent with the prior year - The Board of Directors has resolved not to declare an interim dividend for the period[30](index=30&type=chunk) [Earnings (Loss) Per Share](index=12&type=section&id=%E6%AF%8F%E8%82%A1%E7%9B%88%E5%88%A9%EF%BC%88%E虧%E6%90%8D%EF%BC%89) Basic earnings per share for the period was **RMB 1.56 cents**, compared to a loss of **RMB 2.06 cents** per share in the prior year, reflecting an improvement in the company's profitability, with diluted earnings per share being the same as basic earnings per share Calculation of Earnings (Loss) Per Share (For the six months ended June 30) | Indicator | 2025 (Unaudited) | 2024 (Unaudited) | | :--- | :--- | :--- | | Profit (loss) attributable to owners of the Company for the purpose of calculating basic earnings (loss) per share (RMB thousand) | 8,787 | (11,627) | | Weighted average number of ordinary shares for the purpose of calculating basic earnings (loss) per share (thousand shares) | 563,976 | 563,976 | | Basic earnings (loss) per share (RMB cents) | 1.56 | (2.06) | - Diluted earnings (loss) per share is the same as basic earnings (loss) per share, as the exercise of share options would not result in a decrease in basic earnings per share[31](index=31&type=chunk) [Property, Plant and Equipment](index=13&type=section&id=%E7%89%A9%E6%A5%AD%E3%80%81%E5%BB%A0%E6%88%BF%E5%8F%8A%E8%A8%AD%E5%82%99) Purchases of property, plant and equipment (excluding right-of-use assets) for the period amounted to approximately **RMB 34.322 million**, while in the prior year, an impairment loss of approximately **RMB 1.705 million** was recognized for the Hangzhou production facility due to intense market competition - Purchases of property, plant and equipment for the period amounted to approximately **RMB 34,322,000**[32](index=32&type=chunk) - Right-of-use assets of approximately **RMB 1,578,000** were recognized during the period[32](index=32&type=chunk) - In the prior period, an impairment loss of approximately **RMB 1,705,000** was recognized for property, plant and equipment of the Hangzhou production facility[33](index=33&type=chunk) [Trade and Other Receivables](index=14&type=section&id=%E8%B2%BF%E6%98%93%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85) As of June 30, 2025, total trade and other receivables increased to **RMB 159.434 million** from **RMB 123.965 million** as of December 31, 2024, driven by significant growth in trade receivables and a reduction in expected credit loss provisions Trade and Other Receivables (As of June 30) | Item | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Trade receivables (net of provision) | 87,826 | 55,613 | | Bills receivable | 336 | 529 | | Other receivables (net of provision) | 71,272 | 67,823 | | **Total** | **159,434** | **123,965** | [Trade Receivables](index=14&type=section&id=%E8%B2%BF%E6%98%93%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85) - Trade receivables (net of provision for expected credit losses) increased from **RMB 55,613 thousand as of December 31, 2024, to RMB 87,826 thousand as of June 30, 2025**[34](index=34&type=chunk) - Customer retention money increased from **RMB 9,050,000 as of December 31, 2024, to RMB 12,700,000 as of June 30, 2025**[35](index=35&type=chunk) Ageing Analysis of Trade Receivables (by revenue recognition date, net of provision) | Ageing | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Within 30 days | 39,565 | 3,278 | | 31 to 60 days | 6,653 | 6,054 | | 61 to 90 days | 1,997 | 4,665 | | 91 to 180 days | 14,917 | 11,273 | | 181 to 365 days | 12,995 | 19,544 | | Over 365 days | 12,035 | 11,328 | | **Total** | **88,162** | **56,142** | [Bills Receivable](index=16&type=section&id=%E6%87%89%E6%94%B6%E7%A5%A8%E6%93%9A) - As of June 30, 2025, bills receivable were **interest-free, guaranteed by Chinese banks, and due within one year**[37](index=37&type=chunk) [Consideration Receivable](index=16&type=section&id=%E6%87%89%E6%94%B6%E4%BB%A3%E5%83%B9) - Consideration receivable represents the final installment payment for the disposal of unlisted equity instruments, with a carrying amount of approximately **RMB 2,280,000 as of June 30, 2025**[38](index=38&type=chunk) [Debt Instruments Measured at Amortized Cost](index=16&type=section&id=%E6%8C%89%E6%94%A4%E9%8A%B7%E6%88%90%E6%9C%AC%E8%A8%88%E9%87%8F%E4%B9%8B%E5%82%B5%E5%8B%99%E5%B7%A5%E5%85%B7) The Group's debt instruments measured at amortized cost were fully provided for expected credit losses as of June 30, 2025, resulting in a zero carrying amount, and the Company has issued legal letters to the issuer and guarantor demanding repayment of outstanding bonds Debt Instruments Measured at Amortized Cost (As of June 30) | Item | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Unlisted debt instruments, unsecured | 31,912 | 32,810 | | Less: Provision for expected credit losses | (31,912) | (31,939) | | **Net amount** | **–** | **871** | - As of June 30, 2025, the outstanding bond balance was **HKD 35,000,000 (approximately RMB 31,912,000)**[41](index=41&type=chunk) - The Company issued a statutory demand on **August 1, 2025**, requiring the issuer to repay the outstanding principal and accrued interest[42](index=42&type=chunk) [Trade and Other Payables](index=17&type=section&id=%E8%B2%BF%E6%98%93%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E4%BB%98%E6%AC%BE%E9%A0%85) As of June 30, 2025, total trade and other payables increased to **RMB 335.127 million** from **RMB 314.015 million** as of December 31, 2024, primarily due to a significant increase in contract liabilities (advances from customers) Trade and Other Payables (As of June 30) | Item | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Trade payables | 84,416 | 87,953 | | Bills payable | 49,430 | 37,700 | | Contract liabilities – advances from customers | 129,057 | 95,081 | | Payables for construction in progress | 39,151 | 58,453 | | Accruals and other payables | 25,241 | 23,769 | | **Total** | **335,127** | **314,015** | [Trade Payables](index=17&type=section&id=%E8%B2%BF%E6%98%93%E6%87%89%E4%BB%98%E6%AC%BE%E9%A0%85) - Trade payables are **interest-free**, and the Group is generally granted a credit period of up to **180 days**[44](index=44&type=chunk) Ageing Analysis of Trade Payables (by date of receipt of goods) | Ageing | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Within 30 days | 56,680 | 54,441 | | 31 to 60 days | 7,394 | 10,132 | | 61 to 90 days | 6,086 | 9,865 | | 91 to 180 days | 7,670 | 8,312 | | 181 to 365 days | 2,748 | 2,404 | | Over 365 days | 3,838 | 2,799 | | **Total** | **84,416** | **87,953** | [Accruals and Other Payables](index=18&type=section&id=%E6%87%89%E8%A8%88%E8%B2%BB%E7%94%A8%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E4%BB%98%E6%AC%BE%E9%A0%85) - Accruals and other payables include approximately **RMB 2,915,000** for payables related to the development of the "5G+ Smart Equipment Operation and Maintenance Service Platform"[46](index=46&type=chunk) [Interest-bearing Borrowings](index=18&type=section&id=%E8%A8%88%E6%81%AF%E5%80%9F%E6%AC%BE) As of June 30, 2025, the Group's total interest-bearing borrowings increased to **RMB 308.737 million** from **RMB 281.037 million** as of December 31, 2024, with most being secured bank loans and variable-rate borrowings Details of Interest-bearing Borrowings (As of June 30) | Item | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Bank loans – unsecured | 6,000 | 6,000 | | Bank loans – secured | 302,737 | 275,037 | | **Total** | **308,737** | **281,037** | Interest-bearing Borrowings by Interest Rate Type (As of June 30) | Interest Rate Type | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Fixed-rate borrowings | 41,850 | 45,783 | | Variable-rate borrowings | 266,887 | 235,254 | | **Total** | **308,737** | **281,037** | - Secured bank deposits are jointly guaranteed by **land use rights, buildings, construction in progress, restricted bank deposits, and personal guarantees from controlling shareholders**[49](index=49&type=chunk)[52](index=52&type=chunk) [Share Capital](index=20&type=section&id=%E8%82%A1%E6%9C%AC) As of June 30, 2025, the Company's authorized share capital was **2,000,000,000 shares**, with **563,976,000 issued and fully paid shares** at a par value of **HKD 0.01 per share**, equivalent to **RMB 5.088 million**, consistent with December 31, 2024 Share Capital Information (As of June 30) | Item | Number of Shares | HKD | Equivalent RMB thousand | | :--- | :--- | :--- | :--- | | Authorized share capital | 2,000,000,000 | 20,000,000 | 10,695 | | Issued and fully paid share capital | 563,976,000 | 5,639,760 | 5,088 | [Share-based Payments](index=21&type=section&id=%E4%BB%A5%E8%82%A1%E4%BB%BD%E7%82%BA%E5%9F%BA%E7%A4%8E%E7%9A%84%E4%BB%98%E6%AC%BE) Equity-settled share-based payment expenses recognized for the period were approximately **RMB 121,000**, a decrease from **RMB 280,000** in the prior year, with **14,000,000 unexercised share options** and no exercised share options during the period - As of June 30, 2025, the number of **unexercised share options was 14,000,000**[53](index=53&type=chunk) - Equity-settled share-based payment expenses of approximately **RMB 121,000** were recognized during the period (2024: approximately **RMB 280,000**)[53](index=53&type=chunk) [Events After the Reporting Period](index=21&type=section&id=%E5%A0%B1%E5%91%8A%E6%9C%9F%E5%BE%8C%E4%BA%8B%E9%A0%85) Subsequent to the reporting period, Jinjiang Haina faces a civil lawsuit where the plaintiff claims contract payments and damages of approximately **RMB 4.183 million** for the "5G+ Smart Equipment Operation and Maintenance Service Platform" development, but the Board believes no further provision is currently required - Jinjiang Haina was sued by a service provider, claiming unpaid contract payments of approximately **RMB 3,218,000** and damages of approximately **RMB 965,000**[54](index=54&type=chunk) - As of the announcement date, the claim is in its early stages of legal proceedings, and the directors believe no further provision is required[54](index=54&type=chunk) [Business Review](index=22&type=section&id=%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7) [Company Overview and Market Environment](index=22&type=section&id=%E5%85%AC%E5%8F%B8%E6%A6%82%E6%B3%81%E8%88%87%E5%B8%82%E5%A0%B4%E7%92%B0%E5%A2%83) Haina Intelligent is a seasoned manufacturer of automated machinery for disposable hygiene products in China, achieving steady growth through technological innovation and market expansion, despite a complex domestic and international economic environment, benefiting from China's moderate economic recovery and policy-driven initiatives, and currently operates three production bases in Jinjiang, Hangzhou, and Foshan - The Company is a seasoned manufacturer in China specializing in the design and production of automated machinery for disposable hygiene products, including baby diapers, adult diapers, feminine hygiene napkins, and wet wipes[55](index=55&type=chunk) - The Group operates **three production bases in China**: Jinjiang, Hangzhou, and Foshan, with a total gross floor area of approximately **130,000 square meters**[56](index=56&type=chunk) [Operational Highlights and Technological Innovation](index=23&type=section&id=%E9%81%8B%E7%87%9F%E4%BA%AE%E9%BB%9E%E8%88%87%E6%8A%80%E8%A1%93%E5%89%B5%E6%96%B0) Revenue for the period grew by **22.9% to RMB 224.2 million**, achieving a net profit of **RMB 7.3 million**, as the Group increased investment in overseas markets, expanding its sales network to over **14 countries**, and successfully developed new-generation high-speed intelligent diaper production lines and full-servo pad production lines, significantly enhancing production efficiency and reducing energy consumption - The Group recorded total revenue of approximately **RMB 224.2 million** for the period, an increase of approximately **22.9%** compared to the prior period[57](index=57&type=chunk) - The Group's unaudited net profit after tax for the period was approximately **RMB 7.3 million**, an increase of **RMB 20.8 million** compared to the prior period[57](index=57&type=chunk) - The Group has increased investment and strategic deployment in overseas markets, with its sales network now extending to **over 14 overseas countries**[57](index=57&type=chunk) - Successfully developed a new generation of high-speed intelligent diaper production lines, increasing production speed by nearly **30%** and expecting to reduce unit product energy consumption by nearly **30%**[58](index=58&type=chunk) - Full-servo pad production line capacity significantly increased by nearly **150%**, with expected unit product energy consumption reduction of nearly **60%**[58](index=58&type=chunk) [Sustainable Development](index=23&type=section&id=%E5%8F%AF%E6%8C%81%E7%BA%8C%E7%99%BC%E5%B1%95) The Group prioritizes sustainable development as a core strategy, launching energy-efficient intelligent equipment to reduce customer carbon emissions and actively promoting green factory construction to deepen its digital green transformation - The Group launched **energy-efficient intelligent equipment** to meet customer demand for reducing carbon emissions during production[58](index=58&type=chunk) - The Group actively promotes **green factory construction** and deepens its digital green transformation process[58](index=58&type=chunk) [Outlook and Development Strategies](index=24&type=section&id=%E5%B1%95%E6%9C%9B%E8%88%87%E7%99%BC%E5%B1%95%E7%AD%96%E7%95%A5) Looking ahead to the second half of the year, the disposable hygiene products industry shows promising prospects, and the Group will focus on enhancing R&D efficiency, expanding production capacity, providing integrated solutions, and deeply advancing its global "platformization" strategy to navigate global economic uncertainties and consolidate its market-leading position - The disposable hygiene products industry is expected to continue growing, especially in emerging markets[59](index=59&type=chunk) - The Group will strengthen risk management, optimize supply chain layout, and enhance operational efficiency[64](index=64&type=chunk) [Enhancing R&D Efficiency](index=24&type=section&id=%E6%8F%90%E5%8D%87%E7%A0%94%E7%99%BC%E6%95%88%E8%83%BD) - The main structure of the R&D center has been progressively topped out and is expected to be completed in **H2 2025**, which will enhance the efficiency of new product development[60](index=60&type=chunk) - R&D expenses (including capitalized expenses) of approximately **RMB 15.1 million** were incurred during the period[60](index=60&type=chunk) [Expanding Production Capacity and Integrated Solutions](index=25&type=section&id=%E6%8B%B6%E5%85%85%E7%94%A2%E8%83%BD%E8%88%87%E4%B8%80%E9%AB%94%E5%8C%96%E8%A7%A3%E6%B1%BA%E6%96%B9%E6%A1%88) - The new digital factory has been partially delivered and is in the final stages for other areas; once fully operational, it will meet surging customer demand and provide integrated solutions[61](index=61&type=chunk) - The Group will annually increase the **self-sufficiency rate of core components**, optimize its industrial chain layout, and build a specialized, refined, distinctive, and innovative "little giant" enterprise[62](index=62&type=chunk) [Global "Platformization" Strategy](index=25&type=section&id=%E5%85%A8%E7%90%83%E3%80%8C%E5%B9%B3%E5%8F%B0%E5%8C%96%E3%80%8D%E6%88%B0%E7%95%A5) - Emerging markets (Asia, Africa, South America) will serve as **business growth engines**, with increased investment to provide competitive products[63](index=63&type=chunk) - The Group will launch **high-end intelligent equipment** and enhance brand exposure through media advertising and exhibitions[63](index=63&type=chunk) [Financial Review](index=26&type=section&id=%E8%B2%A1%E5%8B%99%E5%9B%9E%E9%A1%A7) [Revenue Analysis](index=26&type=section&id=%E6%94%B6%E7%9B%8A%E5%88%86%E6%9E%90) The Group's revenue increased by **22.9%** from **RMB 182.4 million** in the prior year to **RMB 224.2 million** in the current period, primarily driven by increased sales of baby diaper and adult diaper machines, partially offset by reduced sales of feminine hygiene napkin machines, wet wipe machines, and parts and components Revenue by Product Type (For the six months ended June 30) | Product Type | 2025 Units | 2025 (RMB thousand) | 2025 % of Total | 2024 Units | 2024 (RMB thousand) | 2024 % of Total | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Baby Diaper Machines | 15 | 115,800 | 52% | 11 | 78,121 | 43% | | Adult Diaper Machines | 6 | 81,897 | 37% | 9 | 61,031 | 33% | | Feminine Hygiene Napkin Machines | 2 | 9,401 | 4% | 5 | 20,605 | 11% | | Wet Wipe Machines | – | – | – | 4 | 3,468 | 2% | | Parts and Components | N/A | 17,055 | 7% | N/A | 19,166 | 11% | | **Total** | **23** | **224,153** | **100%** | **29** | **182,391** | **100%** | - A total of **23 machines were sold** in the current period, compared to **29 machines in the prior year**[65](index=65&type=chunk) - As of June 30, 2025, the total value of signed sales contracts was approximately **RMB 428.0 million**, expected to be delivered in **2025 and 2026**[66](index=66&type=chunk) [Gross Profit and Gross Profit Margin](index=27&type=section&id=%E6%AF%9B%E5%88%A9%E5%8F%8A%E6%AF%9B%E5%88%A9%E7%8E%87) The Group's gross profit increased from **RMB 30.5 million** in the prior year to **RMB 51.7 million** in the current period, with the gross profit margin rising from **16.7% to 23.1%**, primarily due to higher selling prices from upgraded technical configurations and lower prices of major raw materials and components - Gross profit increased by approximately **RMB 21.2 million**, and the gross profit margin increased by approximately **6.4 percentage points**[67](index=67&type=chunk) - The increase in gross profit and gross profit margin was mainly due to **higher selling prices of machines sold** resulting from upgraded technical configurations and **lower prices of major raw materials and components**[67](index=67&type=chunk) [Other Income Analysis](index=27&type=section&id=%E5%85%B6%E4%BB%96%E6%94%B6%E5%85%A5%E5%88%86%E6%9E%90) Other income for the period was approximately **RMB 2.6 million**, a decrease of approximately **49.0%** from **RMB 5.1 million** in the prior year, mainly due to reduced bond interest income and exchange differences - Other income decreased by approximately **RMB 2.5 million**, primarily due to a decrease in bond interest income and exchange differences during the period[68](index=68&type=chunk) [Selling and Distribution Costs](index=27&type=section&id=%E9%8A%B7%E5%94%AE%E5%8F%8A%E5%88%86%E9%8A%B7%E6%88%90%E6%9C%AC) Selling and distribution costs increased by **37.7%** from **RMB 7.7 million** in the prior year to **RMB 10.6 million** in the current period, mainly due to increased expenses for advertising, professional consulting services, marketing personnel travel, and after-sales service fees - Selling and distribution costs increased by approximately **RMB 2.9 million**, primarily due to increased expenses for advertising and professional consulting services, travel expenses for marketing personnel, and after-sales service fees[69](index=69&type=chunk) [Administrative and Other Operating Expenses](index=27&type=section&id=%E8%A1%8C%E6%94%BF%E9%96%8B%E6%94%AF%E5%8F%8A%E5%85%B6%E4%BB%96%E7%87%9F%E9%81%8B%E9%96%8B%E6%94%AF) Administrative and other operating expenses increased by **5.7%** from **RMB 33.2 million** in the prior year to **RMB 35.1 million** in the current period, mainly due to increased research and development expenses, salaries, and welfare benefits - Administrative and other operating expenses increased by approximately **RMB 1.9 million**, primarily due to increased research and development expenses, salaries, and welfare benefits during the period[70](index=70&type=chunk) [Finance Costs](index=27&type=section&id=%E8%B2%A1%E5%8B%99%E6%88%90%E6%9C%AC) Finance costs for the period were approximately **RMB 1.4 million**, an increase of approximately **100.0%** from **RMB 0.7 million** in the prior year, mainly due to increased interest on bank borrowings - Finance costs increased by approximately **100.0%**, primarily due to increased interest on bank borrowings[71](index=71&type=chunk) [Income Tax Expense](index=28&type=section&id=%E6%89%80%E5%BE%97%E7%A8%85%E9%96%8B%E6%94%AF) Income tax expense for the period was approximately **RMB 0.6 million**, a significant increase of approximately **500.0%** from **RMB 0.1 million** in the prior year, mainly due to increased taxable profits of the Group's operating subsidiaries in China - Income tax expense increased by approximately **500.0%**, primarily due to increased taxable profits of the Group's operating subsidiaries in China during the period[72](index=72&type=chunk) [Profit Attributable to Owners of the Company](index=28&type=section&id=%E6%9C%AC%E5%85%AC%E5%8F%B8%E6%93%81%E6%9C%89%E4%BA%BA%E6%87%89%E4%BD%B5%E5%88%A9%E6%BD%A4) Profit attributable to owners of the Company for the period was approximately **RMB 8.8 million**, successfully reversing a loss of approximately **RMB 11.6 million** in the prior year, primarily due to increased gross profit - Profit attributable to owners of the Company was approximately **RMB 8.8 million** (2024: loss of approximately **RMB 11.6 million**)[73](index=73&type=chunk) - The increase in profit was primarily due to **increased gross profit**[73](index=73&type=chunk) [Interim Dividends](index=28&type=section&id=%E4%B8%AD%E6%9C%9F%E8%82%A1%E6%81%AF) The Board of Directors has resolved not to declare an interim dividend for the period - The Board of Directors has resolved not to declare an interim dividend for the period[74](index=74&type=chunk) [Liquidity and Financial Resources](index=28&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91%E5%8F%8A%E8%B2%A1%E5%8B%99%E8%B3%87%E6%BA%90) The Group's working capital primarily comes from internal resources and interest-bearing borrowings, with the current ratio remaining stable at approximately **0.7 times** as of June 30, 2025, and the Group regularly monitors liquidity needs to ensure sufficient cash reserves - The Group's **current ratio was approximately 0.7 times** as of June 30, 2025 (December 31, 2024: approximately **0.7 times**)[75](index=75&type=chunk) - As of the announcement date, approximately **RMB 35.6 million of outstanding trade receivables** as of June 30, 2025, have been subsequently settled[75](index=75&type=chunk) [Capital Structure and Borrowings](index=28&type=section&id=%E8%B3%87%E6%9C%AC%E6%9E%B6%E6%A7%8B%E8%88%87%E5%80%9F%E6%AC%BE) As of June 30, 2025, the Group's capital structure included equity of approximately **RMB 269.6 million** and bank borrowings of approximately **RMB 308.7 million**, with bank borrowings increasing from the end of the prior year - The Group's capital structure comprises equity of approximately **RMB 269.6 million** (December 31, 2024: approximately **RMB 266.0 million**) and bank borrowings of approximately **RMB 308.7 million** (December 31, 2024: approximately **RMB 281.0 million**)[77](index=77&type=chunk)[78](index=78&type=chunk) [Gearing Ratio](index=29&type=section&id=%E8%B3%87%E7%94%A2%E8%B2%A0%E5%82%B5%E6%AF%94%E7%8E%87) The Group's gearing ratio (total interest-bearing liabilities divided by total equity) was approximately **117.7%** as of June 30, 2025, an increase from **109.0%** as of December 31, 2024 - The Group's **gearing ratio was approximately 117.7%** as of June 30, 2025 (December 31, 2024: approximately **109.0%**)[80](index=80&type=chunk) [Capital Commitments](index=29&type=section&id=%E8%B3%87%E6%9C%AC%E6%89%BF%E6%93%85) As of June 30, 2025, the Group's total capital expenditure commitments amounted to **RMB 65.857 million**, primarily for construction in progress and development of intangible assets, with the "5G+ Smart Equipment Operation and Maintenance Service Platform" development project having been suspended in 2024 Capital Commitments (As of June 30) | Item | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Contracted but not provided for – construction in progress | 38,178 | 61,261 | | Contracted but not provided for – development of intangible assets | 27,679 | 27,679 | | **Total** | **65,857** | **88,940** | - The development project for the "5G+ Smart Equipment Operation and Maintenance Service Platform" was **suspended in 2024** as the platform's application did not meet expectations[81](index=81&type=chunk) [Contingent Liabilities](index=29&type=section&id=%E6%88%96%E7%84%B6%E8%B2%A0%E5%82%B5) Except for the litigation matters disclosed in Note 18 to the financial statements, the Group had no other significant contingent liabilities as of June 30, 2025 - Save as disclosed in Note 18, the Group had no other significant contingent liabilities as of June 30, 2025[82](index=82&type=chunk) [Foreign Exchange Risk Management](index=30&type=section&id=%E5%A4%96%E5%8C%AF%E9%A2%A8%E9%9A%AA%E7%AE%A1%E7%90%86) The Group's monetary assets, liabilities, and transactions are primarily denominated in RMB, HKD, and USD, and while no difficulties arose from exchange rate fluctuations during the period and no foreign exchange derivative contracts were entered into for hedging, the Group will regularly review and consider using financial instruments as appropriate - The Group's monetary assets, liabilities, and transactions are primarily denominated in **RMB, HKD, and USD**[83](index=83&type=chunk) - The Group did not enter into any foreign exchange derivative contracts to manage currency translation risk during the period[83](index=83&type=chunk) [Human Resources](index=30&type=section&id=%E4%BA%BA%E5%8A%9B%E8%B3%87%E6%BA%90) As of June 30, 2025, the Group employed approximately **563 employees**, with staff costs of approximately **RMB 36.1 million**, and remuneration is determined based on performance, experience, and market conditions, with discretionary bonuses provided - As of June 30, 2025, the Group employed a total of approximately **563 employees** in Hong Kong and China (June 30, 2024: approximately **529 employees**)[84](index=84&type=chunk) - Staff costs (including directors' emoluments) for the period were approximately **RMB 36.1 million** (2024: approximately **RMB 31.0 million**)[84](index=84&type=chunk) [Pledge of the Group's Assets](index=30&type=section&id=%E6%9C%AC%E9%9B%86%E5%9C%98%E8%B3%87%E7%94%A2%E6%8A%B5%E6%8A%BC) Except for the interest-bearing borrowings pledged as disclosed in Note 15 to the financial statements, the Group had no other assets pledged as of June 30, 2025 - Save as disclosed in Note 15 regarding interest-bearing borrowings, the Group had no other assets pledged as of June 30, 2025[85](index=85&type=chunk) [Material Investments, Acquisitions and Disposals](index=30&type=section&id=%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B3%87%E3%80%81%E6%94%B6%E8%B3%BC%E5%8F%8A%E5%87%BA%E5%94%AE%E4%BA%8B%E9%A0%85) The Group did not undertake any material investments, acquisitions, or disposals during the period - The Group did not undertake any material investments, material acquisitions, or disposals during the period[86](index=86&type=chunk) [Other Information](index=31&type=section&id=%E5%85%B6%E4%BB%96%E8%B3%87%E6%96%99) [Future Plans for Material Investments and Capital Assets](index=31&type=section&id=%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B3%87%E5%8F%8A%E8%B3%87%E6%9C%AC%E8%B3%87%E7%94%A2%E7%9A%84%E6%9C%AA%E4%BE%86%E8%A8%88%E5%8A%83) The Group plans to establish an R&D center to enhance research efficiency and construct a new digital factory to expand production capacity, improve manufacturing flexibility, and provide integrated solutions, aiming to optimize production line layout, elevate intelligent manufacturing standards, and strengthen global competitive advantages - The R&D center is expected to be completed in **H2 2025**, which will help monitor product development more effectively and shorten the R&D cycle for customized products[87](index=87&type=chunk) - The new digital factory has been partially delivered and, once fully operational, will primarily engage in the design and production of automated machinery for disposable hygiene products, meeting customer demand and supporting expansion plans[88](index=88&type=chunk) - The Group will accelerate technological iteration and process upgrades, annually increasing the **self-sufficiency rate of core components** to replace external procurement models[88](index=88&type=chunk) [Events After the Reporting Period](index=32&type=section&id=%E5%A0%B1%E5%91%8A%E6%9C%9F%E5%BE%8C%E4%BA%8B%E9%A0%85) Except for the litigation matters disclosed in Note 18 to the financial statements, no other significant events affecting the Group occurred after the reporting period and up to the announcement date - Save as disclosed in Note 18 to the unaudited condensed consolidated financial statements, no other significant events affecting the Group occurred after the period and up to the date of this announcement[90](index=90&type=chunk) [Corporate Governance](index=32&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB) The Group is committed to maintaining high standards of corporate governance, having adopted the code provisions of Appendices C1 and C3 of the Listing Rules, and the Board believes the arrangement of the Chairman and Chief Executive Officer being the same person contributes to efficient strategic planning, with the Audit Committee having reviewed the interim financial information [Compliance with Corporate Governance Code](index=32&type=section&id=%E9%81%B5%E5%AE%88%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E5%B8%B8%E8%A6%8F%E5%AE%88%E5%89%87) - The Company has adopted the applicable code provisions of the Corporate Governance Code set out in **Appendix C1 Part 2 of the Listing Rules**[91](index=91&type=chunk) - The Chairman and Chief Executive Officer are held by Mr. Hong Yiyuan, and the Board believes this arrangement ensures consistent internal leadership and enhances the efficiency of strategic planning[91](index=91&type=chunk) [Compliance with Model Code](index=32&type=section&id=%E9%81%B5%E5%AE%88%E6%A8%99%E6%BA%96%E5%AE%88%E5%89%87) - The Company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers set out in **Appendix C3 of the Listing Rules**, and all directors have confirmed full compliance[92](index=92&type=chunk) [Audit Committee](index=32&type=section&id=%E5%AF%A9%E6%A0%B8%E5%A7%94%E5%93%A1%E6%9C%83) - The Audit Committee comprises **three independent non-executive directors and one non-executive director**, with Ms. Chan Man Yee as the chairwoman[93](index=93&type=chunk) - The Audit Committee has reviewed the Group's unaudited condensed consolidated financial information for the period and believes it has been prepared in accordance with applicable accounting standards and Listing Rules requirements[94](index=94&type=chunk) [Purchase, Sale or Redemption of Shares](index=33&type=section&id=%E8%B3%BC%E8%B2%B7%E3%80%81%E5%87%BA%E5%94%AE%E6%88%96%E8%B4%96%E5%9B%9E%E8%82%A1%E4%BB%BD) Neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities during the period, and the Company held no treasury shares as of June 30, 2025 - Neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities during the period[95](index=95&type=chunk) - As of June 30, 2025, the Company held no treasury shares[95](index=95&type=chunk) [Publication of Interim Results Announcement and Interim Report](index=33&type=section&id=%E5%88%8A%E8%BC%89%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE%E5%85%AC%E5%91%8A%E5%8F%8A%E4%B8%AD%E6%9C%9F%E5%A0%B1%E5%91%8A) This announcement has been published on the Company's website and the Stock Exchange's website, and the interim report will be dispatched to shareholders and published on the relevant websites in due course - This announcement is published on the Company's website (http://www.haina-intelligent.com) and the Stock Exchange's website (https://www.hkexnews.hk)[96](index=96&type=chunk) [Acknowledgement](index=33&type=section&id=%E8%87%B4%E8%AC%9D) The Board of Directors extends its sincere gratitude to the Group's management and all employees for their efforts and contributions, as well as to shareholders, business partners, and other professionals for their support - The Board of Directors extends its sincere gratitude to the Group's management and all employees, shareholders, business partners, and other professionals[97](index=97&type=chunk) [Board Composition](index=33&type=section&id=%E8%91%A3%E4%BA%8B%E6%9C%83%E7%B5%84%E6%88%90) As of the announcement date, the Company's Board of Directors comprises four executive directors, one non-executive director, and three independent non-executive directors, with Mr. Hong Yiyuan serving as Chairman, Chief Executive Officer, and Executive Director - The Company has **four executive directors** (Mr. Hong Yiyuan, Mr. Zhang Zhixiong, Mr. Su Chengya, Mr. He Ziping), **one non-executive director** (Mr. Zheng Zhixiong), and **three independent non-executive directors** (Mr. Chan Ming Kit, Dr. Xia Anjun, Ms. Chan Man Yee)[99](index=99&type=chunk) - Mr. Hong Yiyuan serves as the **Chairman, Chief Executive Officer, and Executive Director**[98](index=98&type=chunk)[99](index=99&type=chunk)

Core Viewpoint - The company anticipates a net profit of no less than RMB 6 million for the six months ending June 30, 2025, compared to a net loss of approximately RMB 13.6 million in the same period of 2024 [1] Group 1 - The expected turnaround from loss to profit is primarily attributed to an increase in sales of machines for manufacturing disposable sanitary products, which drives revenue growth [1] - Cost reductions resulting from technological innovation and configuration upgrades are contributing factors to the anticipated profit [1] - The reversal of impairment losses on accounts receivable is also a significant reason for the expected improvement in financial performance [1]

Core Viewpoint - The company anticipates a net profit of no less than RMB 6 million for the six months ending June 30, 2025, compared to a net loss of approximately RMB 13.6 million in the same period of 2024 [1] Group 1 - The expected turnaround from loss to profit is primarily attributed to an increase in sales of machines for manufacturing disposable sanitary products, which drives revenue growth [1] - Cost reductions resulting from technological innovation and configuration upgrades are contributing factors to the anticipated profit [1] - The reversal of impairment losses on accounts receivable is also a significant reason for the expected improvement in financial performance [1]

Core Viewpoint - The company, Haina Intelligent (01645.HK), expects to achieve a net profit of no less than RMB 6.0 million for the six months ending June 30, 2025, compared to a net loss of approximately RMB 13.6 million in the same period of 2024 [1] Group 1 - The anticipated turnaround from loss to profit is primarily attributed to an increase in sales of machines for manufacturing disposable hygiene products, which drives revenue growth [1] - Cost reductions resulting from technological innovations and upgrades in configurations are also contributing to the expected profitability [1] - The reversal of impairment losses on accounts receivable is another factor supporting the projected profit [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。 本公告由海納智能裝備國際控股有限公司（「本公司」，連同其附屬公司，統稱為「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)條及香港法例第571 章證券及期貨條例第XIVA部項下之內幕消息條文（定義見上市規則）而作出。 本公司董事（「董事」）會（「董事會」）謹此通知本公司股東（「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」）的未經審核綜合管理賬目之初步 審閱及按照董事會現時可得的資料，本集團預期於本期間錄得純利不少於人民幣6.0百萬元， 而二零二四年同期錄得虧損淨額約人民幣13.6百萬元。 董事會認為，預期扭虧為盈主要歸因於(i)製造一次性衛生用品的機器銷量增長帶動收益 增加；(ii)技術創新及配置升級帶來的成本降低；及(iii)應收賬款減值虧損撥回。 — 1 — Haina Intelligent Equipment Interna ...

Group 1 - The company, Haina Intelligent (01645.HK), will hold a board meeting on August 29, 2025, to review and approve its interim results for the six months ending June 30, 2025 [1] - The meeting will also consider the proposal for the distribution of an interim dividend, if any [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。 HAINA INTELLIGENT EQUIPMENT INTERNATIONAL HOLDINGS LIMITED 承董 事 會命 海 納 智 能 裝 備國 際控 股 有 限 公 司 主席 、 執行 董 事 兼 行政 總 裁 洪 奕 元 香港 ， 二零 二 五年 八月 十 五日 於本公告日期，本公司包括四名執行董事，洪奕元先生、張志雄先生、蘇承涯先生及何子平先生，一名 非執行董事鄭志雄先生，以及三名獨立非執行董事陳銘傑先生、夏安俊博士及陳敏怡女士。 海納智能裝備國際控股有限公司 (於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ) (股 份 代 號 : 1645) 董 事 會 召 開 日 期 海納 智 能裝 備 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 ...