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2月14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2月13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 ...

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2月12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 ...

本公司控股股東Tsugami Corporation（「日本津上」）為於東京證券交易所上市之公 司。於本公告日期，日本津上實益擁有本公司股本中已發行股份約65.04%。 內幕消息 控股股東 TSUGAMI CORPORATION 截至二零二四年十二月三十一日止九個月之財務業績 本公告乃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 則第13.09(2)(a)條刊發。 於二零二五年一月三十日（香港時間中午十二時正），本公司控股股東日本津上 將公佈其截至二零二四年十二月三十一日止九個月之財務業績，並送交存檔。 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第13.09(2)(a)條刊發本公告。 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 ...

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） 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 （股份代號：1651） 變更香港主要營業地點的地址 及 變更開曼群島主要股份過戶登記處及註冊辦事處 津上精密機床（中國）有限公司（「本公司」）董事會（「董事會」）謹此宣佈： 卓佳證券登記有限公司仍為本公司在香港的股份過戶登記分處。本公司的電 話、傳真號碼及網站也將維持不變。 承董事會命 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，二零二五年一月九日 Vistra (Cayman) Limited P.O. Box 31119 Grand Pavilion Hibiscus Way, 802 West Bay Road, Grand Cayman KY1-1205 Cayman Islands 於本公告 ...

津 上 精 密 機 床 （中 國）有 限 公 司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） （Stock Code 股份代號：1651） Precision Tsugami (China) Corporation Limited – Notice of publication of Interim Report 2024 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at www.tsugami.com.cn and the website of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") at www.hkexnews.hk respe ...

Precision Tsugami (China) Corporation Limited 津 上 精 密 機 床 （中國）有 限 公 司 NOTIFICATION LETTER 通知信函 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） （Stock Code 股份代號：1651） Dear Non-registered Shareholder(s)(Note 1) , 13 December 2024 Precision Tsugami (China) Corporation Limited (the "Company") - Notification of publication of Interim Report 2024 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are available on ...

Financial Performance - Revenue for the six months ended 30 September 2024 amounted to approximately RMB1,978,056,000, representing a 32.4% increase compared to the same period last year[17] - Gross profit reached approximately RMB634,943,000, a 53.3% increase year-on-year[18] - Net profit attributable to shareholders was approximately RMB340,036,000, up 53.7% compared to the same period in 2023[18] - Basic earnings per share increased by 55.2% to RMB0.90[19] - Gross profit margin improved by 4.4 percentage points to 32.1%[17] - Net profit margin increased by 2.4 percentage points to 17.2%[17] - Profit before tax grew by 50.7% to RMB491,491,000[17] - Group's sales revenue and net profit increased by approximately 32.4% and 53.7% YoY to approximately RMB1,978,056,000 and RMB340,036,000 respectively[28] - Gross profit margin increased by approximately 4.4 percentage points to approximately 32.1% compared with the same period last year[28] - Net profit margin increased by approximately 2.4 percentage points to approximately 17.2% compared with the same period last year[28] - Basic earnings per share during the Period under Review was approximately RMB0.90 (same period of last year: RMB0.58)[30] - Total revenue for the six months ended 30 September 2024 was RMB1,978,056,000, a 32.4% increase compared to the same period last year[34][35] - Gross profit increased by 53.3% to RMB634,943,000, with gross profit margin rising 4.4 percentage points to 32.1%[40][45] - Profit for the six months ended 30 September 2024 increased by 53.7% to approximately RMB340,036,000, up by approximately RMB118,778,000 compared to the same period last year[60] - Revenue for the six months ended 30 September 2024 increased to RMB 1,978,056 thousand, up 32.4% from RMB 1,494,386 thousand in the same period in 2023[152] - Gross profit rose to RMB 634,943 thousand, a 53.3% increase compared to RMB 414,077 thousand in 2023[152] - Profit before tax grew to RMB 491,491 thousand, up 50.7% from RMB 326,039 thousand in the previous year[152] - Net profit attributable to owners of the parent increased to RMB 340,036 thousand, a 53.7% rise from RMB 221,258 thousand in 2023[152] - Basic and diluted earnings per share increased to RMB 0.90, up from RMB 0.58 in the same period last year[152] - Profit before tax for the six months ended September 30, 2024, was RMB 491,491,000, up from RMB 326,039,000 in the same period in 2023[162] - Revenue from the sale of goods increased to RMB 1,974,920 thousand, up from RMB 1,491,153 thousand in the same period last year[182] - Total revenue for the six months ended 30 September 2024 was RMB 1,978,056 thousand, compared to RMB 1,494,386 thousand in 2023[182] Market and Industry Trends - Domestic CNC machine tools industry downtrend slowed down and almost hit bottom in Q3 2023, with significant market recovery since March 2023[28] - The demand for machine tools in the manufacturing industry has begun to pick up, expected to enter a new growth cycle[69] - The Group remains confident in the development prospects of CNC machine tools in China, aiming to achieve higher annual results for FY2025 compared to the previous year[73] - The company remains confident in the development prospects of CNC machine tools in China, aiming for full-year performance in FY2025 to exceed the previous year[76] Operational Highlights - The company is the largest foreign-branded CNC machine tool manufacturer in the Chinese market[2] - Products are primarily sold in China, with additional sales to Japan, Europe, the US, and Southeast Asia[3] - The company specializes in high-end CNC machine tools, including precision lathes, machining centers, and grinding machines[3] - Group proactively adjusted product pricing strategy and increased investment in research and development[31] - New plant of the fifth factory in Pinghu completed construction and passed completion acceptance in August, to be put into operation as an assembly plant for turret machines in the second half of this financial year[31] - Precision Tsugami Anhui continued to increase parts and components processing categories to expand its machining capacity of parts and components[31] - Precision lathes sales increased by RMB455,982,000 (36.1%), contributing the most to revenue growth[34][35] - The company invested approximately RMB130 million in two new plants, expected to increase production capacity by 3,000 to 4,000 units of CNC precision machine tools[63] - The Group expects to increase production capacity by 3,000 to 4,000 units of CNC precision machine tools with the new plant in Pinghu[74] - The company expects to increase production capacity by 3,000 to 4,000 units of CNC precision machine tools with the new Pinghu factory operational in October[76] - The company plans to enhance production efficiency and expand capacity to strengthen its competitive advantage[76] - The company will continue to improve cost efficiency and introduce new models that better meet market and customer demands[76] - The company's primary business is the manufacture and sale of high precision CNC machine tools[167] - The Group operates in a single reportable segment, manufacturing and selling high-precision CNC machine tools[179] Expenses and Costs - Selling and distribution expenses increased by 22.3% to RMB93,057,000, accounting for 4.7% of total revenue[42][47] - Administrative expenses rose by 58.0% to RMB85,633,000, representing 4.3% of total revenue[49][50] - Other income and gains decreased by RMB12,596,000 to RMB36,460,000, mainly due to lower bank interest income[43][46] - Other expenses decreased by RMB6,795,000 to RMB750,000, primarily due to reduced net exchange losses[51][53] - Net impairment loss on financial assets was RMB70,000, compared to a net gain of RMB1,326,000 in the same period last year[52][54] - Finance costs decreased to RMB402,000 from RMB606,000 due to lower interest from discounted bank bills[55] - Income tax expense increased by 44.5% to approximately RMB151,455,000 compared to the same period last year, driven by higher revenue and profit before tax[56][58] - Financing costs decreased to approximately RMB402,000 (compared to RMB606,000 last year) due to reduced bank bill discount interest[57] - Cost of inventories sold increased to RMB 1,343,219 thousand from RMB 1,079,349 thousand in the previous year[186] - Research and development costs rose significantly to RMB 46,566 thousand, up from RMB 16,848 thousand in 2023[186] - Employee benefit expenses, including wages and salaries, increased to RMB 189,147 thousand from RMB 147,732 thousand[186] - Income tax expense for the six months ended 30 September 2024 was RMB 151,455 thousand, compared to RMB 104,781 thousand in the same period in 2023, with current tax at RMB 135,537 thousand and deferred tax at RMB 15,918 thousand[191] Cash Flow and Financial Position - Cash and bank balances decreased to approximately RMB948,520,000 (from RMB1,111,063,000 as of 31 March 2024) due to lower net operating cash inflows, driven by increased inventories (RMB110,030,000) and trade receivables (RMB160,409,000)[60] - Net current assets increased to approximately RMB2,364,532,000 (from RMB2,156,810,000 as of 31 March 2024), with a current ratio of 4.3 times (up from 3.7 times)[60] - Capital expenditures for the six months ended 30 September 2024 amounted to approximately RMB31,466,000, primarily for factory buildings and parts processing equipment[60] - Capital commitments as of 30 September 2024 amounted to approximately RMB6,854,000 (down from RMB27,032,000 as of 31 March 2024)[63] - The company had no outstanding bank loans or other borrowings as of 30 September 2024[60] - Total non-current assets increased to RMB 679,019 thousand as of 30 September 2024, compared to RMB 669,217 thousand as of 31 March 2024[154] - Total current assets grew to RMB 3,075,948 thousand as of 30 September 2024, up from RMB 2,963,018 thousand as of 31 March 2024[154] - Net current assets increased to RMB 2,364,532 thousand as of 30 September 2024, compared to RMB 2,156,810 thousand as of 31 March 2024[154] - Total equity attributable to owners of the parent rose to RMB 2,900,224 thousand as of 30 September 2024, up from RMB 2,701,589 thousand as of 31 March 2024[154] - The company repurchased and cancelled ordinary shares, resulting in a reduction of RMB 5,819 thousand in treasury shares[158] - Total equity increased from RMB 2,528,893,000 to RMB 2,610,029,000 from April 1, 2023, to September 30, 2023, driven by retained profits growth[159] - Retained profits grew by RMB 221,258,000 during the period, reaching RMB 1,687,791,000 as of September 30, 2023[159] - Consolidated reserves increased from RMB 2,290,193,000 to RMB 2,611,793,000 as of September 30, 2024, compared to the same period in 2023[160] - Cash generated from operations for the six months ended September 30, 2024, was RMB 140,353,000, compared to RMB 378,663,000 in the same period in 2023[162] - Net cash flows from operating activities for the six months ended September 30, 2024, were RMB 9,462,000, significantly lower than RMB 277,677,000 in the same period in 2023[165] - Net cash flows from investing activities for the six months ended September 30, 2024, were RMB 247,254,000, compared to a net outflow of RMB 122,920,000 in the same period in 2023[165] - Cash and cash equivalents at the end of the period increased to RMB 788,391,000 from RMB 650,434,000 in the same period in 2023[165] - Dividends paid during the six months ended September 30, 2024, amounted to RMB 138,372,000, slightly lower than RMB 140,122,000 in the same period in 2023[165] - The company repurchased shares worth RMB 5,819,000 during the six months ended September 30, 2024[165] Shareholder and Ownership Information - The company's public float requirement is maintained at not less than 25% as per the Listing Rules[82] - Tang Donglei, Chairman and CEO, holds 350,000 shares directly, representing 0.09197% of issued shares[85] - Tang Donglei is deemed to have an interest in 75,000 shares through his spouse, representing 0.01970% of issued shares[85] - Li Zequn, Executive Director, holds 100,000 shares directly, representing 0.02627% of issued shares[85] - Mami Matsushita, Non-executive Director, holds 75,000 shares directly, representing 0.01970% of issued shares[85] - Kenji Yoneyama, Non-executive Director, holds 75,000 shares directly, representing 0.01970% of issued shares[85] - Tsugami Japan holds a 65.04% beneficial ownership in the company with 247,530,000 shares[93] - FIL Limited, Pandanus Associates Inc., and Pandanus Partners L.P. each hold a 7.01% interest in the company with 26,687,427 shares[93][94] - FMR LLC holds a 5.00% interest in the company with 19,049,425 shares[93][95] - Tang Donglei, Chairman and CEO, holds 39,000 shares in Tsugami Japan, representing 0.08125% ownership[88] - Takao Nishijima, Non-executive Director, holds 414,000 shares in Tsugami Japan, representing 0.8625% ownership[88] - Mami Matsushita, Non-executive Director, holds 115,900 shares in Tsugami Japan, representing 0.2414% ownership[88] - Kenji Yoneyama, Non-executive Director, holds 29,700 shares in Tsugami Japan, representing 0.0618% ownership[88] - As of 30 September 2024, no other substantial shareholders' interests were reported beyond those disclosed[99] Share Award Scheme - The company adopted a Share Award Scheme on 10 November 2023 to incentivize and retain talent[102] - The Share Award Scheme does not involve issuing new shares[103] - The company adopted a Share Award Scheme on November 10, 2023, aimed at incentivizing and retaining talent by allowing eligible participants to share in the company's strategic development[105] - The Share Award Scheme does not involve the issuance of new shares for awards[106] - The total number of awarded shares under the Scheme cannot exceed 6% of the company's issued share capital, which is 22,848,240 shares[109] - No single participant can receive more than 1% of the company's issued share capital under the Scheme[109] - The Scheme is valid for 10 years from the adoption date, with approximately 9 years remaining[109] - Awarded shares will vest according to the Scheme's terms, with no specified vesting period[115] - Vesting conditions require the grantee to remain a director or employee of the Group or related entity until the vesting date[115] - Details of the movements of awarded shares during the review period are provided in a table[118] - Tang Donglei, Director, was granted 200,000 unvested shares on 11 March 2024, with a vesting date of 11 March 2027 and a fair value of HKD 9.29 per share[120] - Wang Xiaojun, Director's spouse, was granted 75,000 unvested shares on 11 March 2024, with a vesting date of 11 March 2027 and a fair value of HKD 9.29 per share[120] - Li Zequn, Director, was granted 100,000 unvested shares on 11 March 2024, with a vesting date of 11 March 2027 and a fair value of HKD 9.29 per share[120] - Mami Matsushita, Director, was granted 75,000 unvested shares on 11 March 2024, with a vesting date of 11 March 2027 and a fair value of HKD 9.29 per share[120] - Kenji Yoneyama, Director, was granted 75,000 unvested shares on 11 March 2024, with a vesting date of 11 March 2027 and a fair value of HKD 9.29 per share[120] - Three other highest paid individuals were granted a total of 375,000 unvested shares on 11 March 2024, with a vesting date of 11 March 2027 and a fair value of HKD 9.29 per share[120] - 21 other employees of the Group were granted a total of 1,175,000 unvested shares on 11 March 2024, with a vesting date of 11 March 2027 and a fair value of HKD 9.29 per share[120] - Two related entity participants were granted a total of 150,000 unvested shares on 11 March 2024, with a vesting date of 11 March 2027 and a fair value of HKD 9.29 per share[120] - The total number of unvested shares granted during the reporting period was 2,225,000, with a fair value of HKD 9.29 per share[120] - As of 1 April 2024 and 30 September 2024, 20,623,240 awarded shares will be available for grant under the Scheme[126] Corporate Governance and Compliance - The Company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers, and all Directors have complied with the required standards during the review period[139][141] - Dr. Tang Donglei has been serving as both the Chairman and CEO since April 1, 2022, a deviation from the Corporate Governance Code, but the Board believes this arrangement benefits the Company by ensuring consistent leadership and operational efficiency[140] - The audit committee reviewed the Group's unaudited condensed consolidated interim financial results for the six months ended September 30, 2024, including accounting principles, risk management, and internal controls[143][144] - Ernst & Young conducted an independent review of the unaudited condensed consolidated interim financial results in accordance with Hong Kong Standard on Review Engagement 2410[144][146] - The interim financial information for the six months ended September 30, 2024, was prepared in accordance with International Accounting Standard 34 (IAS 34), and no material discrepancies were identified[148][149] - The company adopted revised IFRSs for the first time in the current period's financial information, including amendments to IFRS 16, IAS 1, and IAS 7/IFRS 7[169][170][171] - Amendments to IFRS 16 did not impact the company's financial position or performance as it has no sale and leaseback transactions with variable lease payments[174] - The 2020 and 2022 amendments to IAS 1 clarified the classification of liabilities as current or non-current, but did not change the company's liability classification[174] - Amendments to IAS 7 and IFRS 7 require additional

Summary of Earnings Call Transcript Company Overview - The earnings call pertains to Jing Shang Precision Machine Tool (China) Co., Ltd. [1] Financial Performance - **Sales Revenue**: 1.98 billion RMB, a year-on-year increase of 32.4% [1] - **Gross Profit**: Increased by 53.3%, with a gross margin of 32.1%, up by 4.4 percentage points [1] - **Net Profit**: 340 million RMB, a year-on-year increase of 53.7%, with a net margin of 17.2%, up by 2.4 percentage points [1][2] - **Historical Performance**: Both gross and net margins have reached historical highs [2] Market Conditions - The market for CNC machine tools has entered a growth cycle since March 2023, with significant improvements noted in March and April, followed by slight declines in May and June, and a recovery in October [2][3] - Despite improved performance, competition remains intense, with price reductions becoming a common strategy among manufacturers [3][4] Company Strategy and Operations - The company has focused on cost reduction and efficiency improvements since 2018, which has positively impacted profitability [4][5] - **Financial Indicators**: - Current assets increased by 110 million RMB - Net assets increased by 200 million RMB - Current liabilities decreased by 76 million RMB - Total assets grew by 120 million RMB [5][6] Cash Flow and Inventory Management - Cash flow from operating activities decreased to 900,000 RMB due to increased receivables and inventory [6][7] - Inventory increased by 110 million RMB, but the company maintains that the inventory is manageable and necessary for meeting short delivery times [7][9] Product Sales Breakdown - **Precision Lathes**: Account for 86.8% of sales, with a year-on-year increase of 36.1% [10] - **Sales by Product Type**: - Automatic lathes: 65.2% of precision lathe sales, with a growth of 42.4% - Tool lathes: 21.6% of precision lathe sales, with a growth of 20.3% [10][11] - **Domestic vs. Overseas Sales**: Domestic sales increased by 34.9%, while overseas sales grew by 19.4% [12] Industry Trends - The automotive sector has become increasingly significant, contributing 40.4% of sales, with 12.4% from new energy vehicles [13] - Other sectors like 3C electronics have seen a decline in sales contribution, dropping below 10% [13] New Product Development - The company is focusing on optimizing existing products and introducing new models to meet market demands [14][15] - New industries targeted include humanoid robots and AI-related applications, with significant potential for growth [17][18] Future Outlook - The company anticipates challenges from economic pressures and international trade dynamics but remains optimistic about maintaining competitive advantages [32][34] - Plans to expand production capacity and improve operational efficiency are in place to prepare for future market demands [24][25] Dividend Policy - The company has increased its dividend from 0.4 HKD to 0.45 HKD, reflecting strong performance and cash reserves [27] Key Takeaways - The company has demonstrated strong financial growth amidst a competitive landscape, with a focus on cost management and product optimization - Future growth is expected to be driven by new product development and expansion into emerging markets, particularly in the automotive and AI sectors - The company remains vigilant about market conditions and is prepared to adjust strategies as necessary to maintain profitability and market share

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） 內幕消息 控股股東 TSUGAMI CORPORATION 截至二零二四年九月三十日止上半年之財務業績 本公告乃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 則第13.09(2)(a)條刊發。 於二零二四年十一月十三日（香港時間中午十二時正），本公司控股股東日本津 上將公佈其截至二零二四年九月三十日止上半年之財務業績，並送交存檔。 https://www.tsugami.co.jp/ir/presentation/ 日本津上中期證券報告（日文）： https://www.tsugami.co.jp/ir/security-report/ 津上精密機床（中國）有限公司（「本公司」）根據證券 ...