Precision Tsugami (China) Corporation Limited 津 上 精 密 機 床（中 國 ）有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1651） 董事名單及其角色與職能 津上精密機床（中國）有限公司（「本公司」）董事會（「董事會」）成員載列如下： 西嶋尚生 松下真実 羽賀勝一郎 獨立非執行董事 太田邦正 岩渕聡 黃平 譚建波 本公司設有三個董事會委員會。下表載列本公司各董事於所屬委員會出任成員的 資料。 | 董事 | 審核委員會 | 薪酬委員會 | 提名委員會 | | --- | --- | --- | --- | | 松下真実 | | | M | | 羽賀勝一郎 | M | M | | | 黃平 | M | C | M | | 譚建波 | C | M | C | 附註： C 有關董事會委員會的主席 M 有關董事會委員會的成員 執行董事 唐東雷（ 主席及行政總裁 ） 王曉坤 李澤群 非執行董事 香港，二零二五年六月二十五日 ...

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份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Precision Tsugami (China) Corporation Limited 津 上 精 密 機 床（中 國 ）有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1651） 董事變動及 董事會委員會組成變動 董事會謹此宣佈，下列董事的變動自二零二五年六月二十五日起生效： (i) 王曉坤博士獲委任為執行董事； (ii) 米山賢司先生辭任非執行董事及不再擔任審核委員會成員； (iii) 羽賀勝一郎先生獲委任為非執行董事、審核委員會成員及薪酬委員會成員； (iv) 太田邦正先生獲委任為獨立非執行董事; (v) 西嶋尚生先生不再擔任提名委員會成員; (vi) 松下真実女士獲委任為提名委員會成員;及 (vii) 唐東雷博士不再擔任薪酬委員會成員。 非執行董事辭任 津上精密機床（中國）有限公司（「本公司」連同其附屬公司，統稱「本集團」）董事 （「董事」）會（「董事會」）謹此宣佈，米山賢司先 ...

| 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 | | | --- | --- | | 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的任何損失承擔任何責任。 | | | 股票發行人現金股息公告 | | | 發行人名稱 | 津上精密機床（中國）有限公司 | | 股份代號 | 01651 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 截至二零二五年三月三十一日止年度的末期股息 | | | 公告日期 | 2025年6月25日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2025年3月31日 | | 宣派股息的報告期末 | 2025年3月31日 | | 宣派股息 | 每 股 0.5 HKD | | 股東批准日期 | 2025年8月18日 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.5 HKD | | 匯率 | 1 HKD : 1 HKD | ...

[Full Year Performance Overview](index=1&type=section&id=%E5%85%A8%E5%B9%B4%E4%B8%9A%E7%BB%A9%E6%A6%82%E8%A7%88) The company achieved strong growth in FY2025, driven by market recovery and internal efficiency improvements [Financial Highlights](index=2&type=section&id=Financial%20Highlights) For the fiscal year ended March 31, 2025, the company achieved robust performance with total revenue increasing by 36.6% to RMB 4.26 billion and net profit significantly growing by 63.0% to RMB 782 million, primarily due to cyclical market recovery and internal cost reduction measures Key Financial Indicators for FY2025 | Indicator | FY2025 | FY2024 | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | RMB 4.26 billion | RMB 3.12 billion | +36.6% | | Gross Profit | RMB 1.41 billion | RMB 896 million | +57.5% | | Gross Margin | 33.1% | 28.7% | +4.4pp | | Profit for the Year (Net Profit) | RMB 782 million | RMB 480 million | +63.0% | | Net Profit Margin | 18.4% | 15.4% | +3.0pp | | Basic Earnings Per Share | RMB 2.08 | RMB 1.26 | +65.1% | - Performance growth was primarily driven by the recovery of demand for CNC machine tools in the manufacturing sector, especially strong demand from the automotive industry, and the company's cost reduction and efficiency improvement measures, which enhanced product cost-effectiveness and profitability amidst fierce price competition[48](index=48&type=chunk)[49](index=49&type=chunk) [Consolidated Financial Statements](index=2&type=section&id=Consolidated%20Financial%20Statements) This fiscal year's financial statements show comprehensive improvement across all core company metrics, with significant growth in both revenue and profit, and a robust overall financial position despite increased working capital tied up by business expansion [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss) For the year ended March 31, 2025, the company's revenue reached RMB 4.262 billion, gross profit was RMB 1.410 billion, and net profit was RMB 782 million, reflecting substantial year-on-year increases Key Consolidated Statement of Profit or Loss Data (RMB thousands) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Revenue | 4,261,557 | 3,119,674 | | Gross Profit | 1,410,433 | 895,539 | | Profit Before Tax | 1,137,179 | 702,734 | | Profit for the Year | 782,417 | 479,970 | | **Earnings Per Share (RMB)** | | | | - Basic | 2.08 | 1.26 | | - Diluted | 2.07 | 1.26 | [Consolidated Statement of Financial Position](index=3&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of March 31, 2025, the Group's total assets increased to RMB 4.255 billion, primarily driven by trade receivables and bills, with net assets growing to RMB 3.134 billion, indicating a steady increase in asset scale and shareholders' equity Key Consolidated Statement of Financial Position Data (RMB thousands) | Item | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | Total Non-current Assets | 659,512 | 669,217 | | Total Current Assets | 3,594,974 | 2,963,018 | | **Total Assets** | **4,254,486** | **3,632,235** | | Total Current Liabilities | 973,945 | 806,208 | | Total Non-current Liabilities | 146,379 | 124,438 | | **Total Liabilities** | **1,120,324** | **930,646** | | **Net Assets** | **3,134,162** | **2,701,589** | [Consolidated Statement of Cash Flows](index=5&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) Net cash inflow from operating activities for this fiscal year decreased to RMB 353 million, primarily due to a significant increase in trade receivables and bills, leading to a year-end decrease in cash and cash equivalents to RMB 390 million Key Consolidated Statement of Cash Flows Data (RMB thousands) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 352,914 | 505,814 | | Net Cash Outflow from Investing Activities | (281,265) | (154,789) | | Net Cash Outflow from Financing Activities | (359,592) | (311,590) | | **Net (Decrease)/Increase in Cash and Cash Equivalents** | **(287,943)** | **39,435** | | Cash and Cash Equivalents at Year-End | 390,064 | 678,007 | [Management Discussion and Analysis](index=21&type=section&id=Management%20Discussion%20and%20Analysis) Management attributes the strong FY2025 growth to macroeconomic recovery and successful strategic execution, maintaining competitive advantage and improving profit margins despite price competition, with a robust financial position and plans for capacity expansion to seize future opportunities [Business Review](index=21&type=section&id=Business%20Review) During the review period, the company achieved sales and profit growth by capitalizing on the recovering domestic manufacturing demand for CNC machine tools, particularly in automotive parts, and by implementing internal cost control and efficiency improvements amidst intense market price competition - The market environment shows divergence, with traditional industries adjusting, while strategic sectors such as new energy vehicles and high-end equipment maintain growth, driving the recovery of CNC machine tool demand[48](index=48&type=chunk) - The company implemented company-wide improvement activities to reduce costs and enhance efficiency across all operational segments, enabling proactive price reductions to gain advantage in price wars while improving its own profitability[49](index=49&type=chunk) [Financial Performance Analysis](index=22&type=section&id=Financial%20Performance%20Analysis) This fiscal year's revenue grew by 36.6%, primarily driven by increased sales of core products, with precision machining centers seeing the largest increase, and gross margin improved to 33.1% due to cost reduction and efficiency measures, leading to a 63.0% increase in net profit Revenue by Product Category (RMB thousands) | Product Category | FY2025 Sales | % of Total | YoY Growth (%) | | :--- | :--- | :--- | :--- | | Precision Lathes | 3,624,492 | 85.1% | 36.5% | | Precision Machining Centers | 243,618 | 5.7% | 57.3% | | Precision Grinding Machines | 208,359 | 4.9% | 44.4% | | Others | 185,088 | 4.3% | 11.8% | | **Total** | **4,261,557** | **100%** | **36.6%** | - Gross margin increased from **28.7%** in the previous fiscal year to **33.1%**, primarily due to the company's extensive cost reduction and efficiency improvement measures[53](index=53&type=chunk) - Selling and distribution expenses and administrative expenses increased by **21.9%** and **34.1%** respectively, mainly due to increased employee compensation, warranty expenses, and administrative office expenses resulting from business expansion[55](index=55&type=chunk)[56](index=56&type=chunk) [Liquidity, Financial Resources and Gearing](index=24&type=section&id=Liquidity%2C%20Financial%20Resources%20and%20Gearing) The Group maintained a robust financial position, primarily relying on internal cash flow with no outstanding bank loans and a low gearing ratio of 0.07%, while improving inventory management efficiency with turnover days decreasing from 157 to 114 days - As of March 31, 2025, the Group had no outstanding bank loans, and its gearing ratio (total liabilities/total equity) was approximately **0.07%**, indicating low financial risk[63](index=63&type=chunk) Analysis of Key Liquidity Ratios | Ratio | 2025 | 2024 | | :--- | :--- | :--- | | Average Inventory Turnover Days | 114 | 157 | | Average Trade Receivables and Bills Turnover Days | 109 | 105 | | Average Trade Payables and Bills Turnover Days | 73 | 95 | | Current Ratio | 3.7 | 3.7 | [Outlook](index=28&type=section&id=Outlook) Management anticipates improved industry demand in FY2026 and aims for the Group's best historical performance, leveraging domestic manufacturing upgrades and emerging sectors like AI and humanoid robots, supported by proactive capacity expansion plans including new factory operations and future plant construction - Despite external uncertainties, the company maintains its estimate that industry demand in FY2026 will be better than the review year, and strives to challenge the Group's best performance since its establishment[75](index=75&type=chunk) - Future growth opportunities arise from technological upgrades and transformation in the automotive industry, as well as demand for small precision component manufacturing driven by AI and humanoid robot development[76](index=76&type=chunk) - To address future growth, the company continues to expand capacity: Pinghu Fifth Factory commenced operations in October 2024, expected to increase annual production by **3,000-4,000 machine tools**; new land has been acquired for a new plant area, projected to add approximately **3,000 machine tools** to annual production capacity[76](index=76&type=chunk) [Corporate Actions and Governance](index=29&type=section&id=Corporate%20Actions%20and%20Governance) The company actively rewards shareholders through recommended dividends and ongoing share repurchases, while largely adhering to corporate governance codes, with noted deviations like the combined Chairman and CEO roles deemed beneficial for consistent leadership - The Board recommends a final dividend of **HKD 0.50 per share** for the year ended March 31, 2025[78](index=78&type=chunk) - The company repurchased **1,982,000 shares** during this fiscal year and continued repurchases after the fiscal year, with the Board believing share repurchases are beneficial to the company and shareholders[86](index=86&type=chunk)[87](index=87&type=chunk) - The company deviates from the corporate governance code requiring separation of Chairman and CEO roles; the Board believes having the same person in both roles helps ensure consistent leadership and improve operational efficiency[81](index=81&type=chunk)

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。 Precision Tsugami (China) Corporation Limited 津 上 精 密 機 床（ 中 國 ）有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1651） 內幕消息 控股股東 TSUGAMI CORPORATION 截至二零二五年三月三十一日止年度之年度證券報告 津上精密機床（中國）有限公司（「本公司」）根據證券及期貨條例第XIVA部及香港 聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)(a)條刊發本公告。 茲提述本公司於二零二五年五月十三日刊發有關本公司控股股東日本津上截至二 零二五年三月三十一日止年度之財務業績之公告（「該公告」）。除文義另有界定 外，本公告所用詞彙與該公告所界定者具有相同涵義。 根據該公告，日本津上將於二零二五年六月十七日送交日本津上年度證券報告供 存檔。公司的董事會（「董事會」）謹此更新告知本公司的股東及潛在投資者，於 ...

津上精密機床（中國）有限公司 主席及行政總裁兼執行董事 唐東雷博士 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份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Precision Tsugami (China) Corporation Limited 津 上 精 密 機 床（中 國 ）有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1651） 董事會會議召開日期 津上精密機床（中國）有限公司（「本公司」及其附屬公司「本集團」）董事會（「董事 會」）茲通告謹定於二零二五年六月二十五日（星期三）舉行董事會會議，藉以考慮 及通過本集團截至二零二五年三月三十一日止之經審核年度業績公告，及審議派 發末期股息（如有）之建議，以及處理其他事項。 承董事會命 香港，二零二五年六月十三日 於本公告日期，本公司的執行董事為唐東雷博士及李澤群博士；本公司的非執行 董事為西嶋尚生先生、松下真実女士及米山賢司先生；及本公司的獨立非執行董 事為岩渕聡博士、黃平博士及譚建波先生。 ...

Summary of Key Points Core Viewpoint - On May 19, 38 Hong Kong-listed companies conducted share buybacks, totaling 38.39 million shares and an aggregate amount of HKD 831 million [1][2]. Group 1: Buyback Details - Tencent Holdings repurchased 979,000 shares for HKD 500 million, with a highest price of HKD 516.50 and a lowest price of HKD 503.00, bringing its total buyback amount for the year to HKD 21.53 billion [1][2]. - AIA Group repurchased 2.34 million shares for HKD 154 million, with a highest price of HKD 66.40 and a lowest price of HKD 64.75, totaling HKD 8.93 billion in buybacks for the year [1][2]. - China COSCO Shipping repurchased 5.56 million shares for HKD 79.36 million, with a highest price of HKD 14.40 and a lowest price of HKD 14.12, accumulating HKD 3.83 billion in buybacks for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on May 19 was from Tencent Holdings at HKD 500 million, followed by AIA Group at HKD 154 million [1][2]. - In terms of share quantity, the largest buyback was conducted by Jieli Trading at 9.18 million shares, followed by China COSCO Shipping at 5.56 million shares and NetEase Technology at 4.67 million shares [1][2]. Group 3: Additional Buyback Information - Country Garden Services conducted its first buyback of the year, while Tencent Holdings has made multiple buybacks totaling HKD 21.53 billion [2][3]. - A detailed table of buybacks on May 19 includes various companies, their respective buyback shares, amounts, highest and lowest prices, and cumulative buyback amounts for the year [2][3].

公司名稱： 津上精密機床(中國)有限公司（於開曼群島註冊成立的有限公司） 呈交日期： 2025年5月19日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 01651 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫存股份）變動 佔有關事件前的現有已發 | | | 每股發行/出售價 (註4) | 已發行股份總數 | | | | 已發行股份（不包括庫存股份）數 目 | 行股份（不包括庫存股 份）數目百分比 (註3 ...

Core Viewpoint - The industrial mother machine industry is poised for high-quality development, with significant growth potential driven by the demand for humanoid robots and the need for equipment upgrades in downstream industries [2][4][10]. Group 1: Policy and Industry Development - The Ministry of Industry and Information Technology (MIIT) emphasizes the importance of high-quality development in the industrial mother machine sector, aiming to avoid "involution" and homogeneous competition [2][3]. - A strategic cooperation agreement was signed between the National Industrial Mother Machine Industry Investment Fund and local industrial departments to promote the clustering and upgrading of the industrial mother machine industry [3]. - The industrial mother machine market is characterized by overcapacity in the low-end market and heavy reliance on imports in the high-end market, indicating a need for domestic innovation and production [3][4]. Group 2: Market Opportunities and Growth Drivers - The upgrade of downstream industries and policies promoting equipment renewal are accelerating the localization of high-end machine tools [4][8]. - The automotive and aerospace industries are significant growth drivers for domestic high-end machine tools, with the automotive sector showing notable demand due to the rapid growth of new energy vehicles [6][8]. - The industrial mother machine market is projected to exceed 300 billion yuan by 2025, with an expected increase in the import substitution rate in high-end fields to over 25% [9]. Group 3: Humanoid Robots and Equipment Demand - The mass production of humanoid robots is expected to drive demand for core components, with machine tools playing a crucial role in the production of these components [10][13]. - The estimated market space for machine tools related to humanoid robots could reach 23.54 billion yuan with the production of 1 million units [14]. - Key components such as harmonic reducers and planetary screw rods are essential for humanoid robots, indicating a strong correlation between the growth of humanoid robots and the demand for industrial mother machines [12][14]. Group 4: Investment Recommendations - Companies such as Qin Chuan Machine Tool, Huachen Equipment, and others are highlighted as potential investment opportunities in the industrial mother machine sector [15][16]. - The expansion of the humanoid robot market is expected to enhance the profitability of industrial mother machine companies through cost dilution and scale effects [16].

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 津上精密機床(中國)有限公司（於開曼群島註冊成立的有限公司） 呈交日期： 2025年5月16日 第 2 頁 共 8 頁 v 1.3.0 第 1 頁 共 8 頁 v 1.3.0 | 13). | 購回以作註銷但尚未註銷之股份 | | 8,000 | 0.0021 % | HKD | 18.9175 | | --- | --- | --- | --- | --- | --- | --- | | | 變動日期 | 2025年4月11日 | | | | | | 14). | 購回以作註銷但尚未註銷之股份 | | 100,000 | 0.02628 % | HKD | 19.3668 | | | 變動日期 | 2025年4月15日 | | | | | | 15). | 購回以作註銷但尚未註銷之股份 | | 635,000 | 0.16686 % | HKD | 18.4153 | | | 變動日期 | 2025年4月16日 | | | | | | 16). | 購回以 ...