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) 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 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售 ...

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7月2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 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（ ...

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6月27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 ...

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6月26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 ...

都说"春江水暖鸭先知"，在资本市场里，若要观测某一个行业的景气程度，头部公司的业绩表现通常具有极高的参考意义。恰值6月下旬，津上机床中国 （01651）于6月25日披露了2025财年（2024年4月-2025年3月）年报。 智通财经认为，津上中国作为机床行业里极具竞争力的龙头公司之一，该公司的财报在一定意义上可视为行业的"风向标"。根据公告，2025财年津上中国实 现收入42.62亿元（人民币，下同）、7.82亿元，同比口径分别增加了36.6%、63%。 回溯历史数据可知，津上中国的利润指标在刚过去的25财年里刷新了记录，创历史新高；同时，收入规模距离突破新高也只剩下一步之遥。津上中国交出强 劲的核心财务数据背后，是数控机床行业在经历完2022年下半年及2023年整年的调整后，至2024年下游需求逐步恢复，此后市场重新迈入上升周期。 25财年里，津上中国紧抓市场机遇，尤其是在以汽车零部件为代表的下游行业里取得了较好的行销业绩。出色表现背后，离不开津上中国此前几年在汽车行 业各细分领域里的积极开拓，公司所提供给客户的高性价比的解决方案不断得到市场的正面反馈。 不仅如此，这些年里津上中国内部也发生了一系列"量变引 ...

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 ...