Financial Performance - For the six months ended December 31, 2025, the company's revenue decreased by approximately 22.6% to RMB 151.4 million compared to RMB 195.6 million in the same period last year[5]. - Gross profit for the same period fell by about 17.2% to RMB 33.6 million, with a gross margin of 22.2%, up from 20.8%[5]. - The company recorded a loss of approximately RMB 22.2 million, a significant increase from a loss of RMB 6.8 million in the previous year, representing a 226.1% increase in loss[5]. - Revenue decreased by approximately 22.6% from RMB 195.6 million for the six months ended December 31, 2024, to RMB 151.4 million for the six months ended December 31, 2025, primarily due to project delays[19]. - The gross loss margin increased to 14.7%, compared to 3.5% in the previous year, indicating a significant decline in profitability[5]. - Operating loss increased to RMB 19,452,216, compared to an operating loss of RMB 6,078,478 in the previous year, reflecting a significant decline in profitability[88]. - Net loss for the period was RMB 22,222,487, compared to a net loss of RMB 6,814,392 in 2024, indicating a worsening financial position[89]. - Basic and diluted loss per share was RMB 1.40, compared to RMB 0.44 for the same period last year[88]. Revenue Breakdown - Total revenue for the six months ended December 31, 2025, was RMB 151,449,911, with industrial products contributing RMB 87,354,414 and project contracting services contributing RMB 33,437,304[110]. - The environmental products segment generated revenue of RMB 11,109,026, while the support services segment generated RMB 18,627,010[110]. - Industrial products revenue fell by about 19.7% from RMB 108.8 million to RMB 87.4 million, influenced by a decrease in sales of industrial automation systems due to the current economic environment[20]. - Project contracting services revenue decreased by approximately 38.5% from RMB 54.4 million to RMB 33.4 million, while gross margin improved from 20.3% to 48.0% due to enhanced cost control measures[21]. - Environmental business revenue significantly increased from RMB 1.5 million to RMB 11.1 million, driven by rising demand for sludge treatment and wastewater treatment products[23]. Cost and Expenses - Selling and distribution expenses increased by approximately 38.5% to RMB 7.4 million for the six months ending December 31, 2025, from RMB 5.3 million in 2024, accounting for about 4.9% of revenue[26]. - Administrative expenses decreased by approximately 10.9% to RMB 27.3 million for the six months ending December 31, 2025, from RMB 30.6 million in 2024, representing about 18.0% of revenue[27]. - Research and development expenses increased by approximately 6.5% to RMB 22.4 million for the six months ending December 31, 2025, from RMB 21.0 million in 2024, accounting for about 14.8% of revenue[28]. - The company invested approximately RMB 22.4 million in research and development for the six months ending December 31, 2025, and applied for three new patents[15]. Market and Projects - New contract amounts increased by approximately 20.9% to about RMB 193.6 million, with an uncompleted contract amount of approximately RMB 590.3 million[11]. - The company successfully won several key projects, including a PM7 paper machine for Guangxi Jianhui and a PM6 project for APP Jin Dong, marking significant advancements in high-end market segments[11]. - The company achieved breakthroughs in overseas market expansion, securing over 10 orders for flow boxes at the China International Paper Technology Exhibition[11]. - The company completed over 100 projects in the second half of 2025, showcasing its strong project execution and global service capabilities[12]. Financial Position - Cash and cash equivalents balance was approximately RMB 123.7 million as of December 31, 2025, compared to RMB 120.6 million as of June 30, 2025[36]. - The debt-to-asset ratio decreased to approximately 18.8% as of December 31, 2025, from 19.1% as of June 30, 2025, due to a reduction in interest-bearing loans[38]. - Total assets as of December 31, 2025, amounted to RMB 984,522,557, an increase from RMB 960,516,737 as of June 30, 2025[90]. - Total liabilities increased to RMB 590,457,301 from RMB 544,963,658, indicating a rise in financial obligations[91]. - The company reported a foreign exchange gain of RMB 734,664, compared to a loss of RMB 1,028,740 in the previous year, reflecting improved currency management[89]. Shareholder Information - As of December 31, 2025, the total number of issued shares is 1,596,134,067, with significant ownership by Dao He Investment Limited holding 650,331,027 shares, representing 40.74%[48]. - Wealthy Land Investments holds 123,964,000 shares, accounting for 7.77% of the total shares[50]. - The ownership structure indicates that Yang Wei and Yang Runquan each control 354,290,400 shares, representing 22.20% each[50]. - The company raised approximately HKD 106.0 million through a public offering, with net proceeds of about HKD 104.5 million after expenses[57]. Legal and Compliance - The company has confirmed a provision of RMB 4,477,320 based on the final judgment related to a legal dispute, which was settled on November 11, 2024[77]. - The company has received a civil judgment requiring it to pay RMB 1,124,100 for unpaid construction contract amounts, with an additional RMB 135,484 in accrued interest[79]. - The company has complied with the corporate governance code, except for the separation of roles between the chairman and the CEO, which remains unfilled since December 1, 2022[81]. - The company is involved in ongoing litigation, with a court ruling requiring it to pay RMB 1,124,100 plus interest of RMB 135,484 related to a construction contract dispute[185]. Future Outlook - The company aims to deepen the integration of AI, processes, equipment, and services across the industry chain as part of its high-quality development strategy[18]. - The company plans to further expand its overseas market presence and strengthen its global layout[18]. - The expected timeline for utilizing the remaining unutilized proceeds is by the end of 2026, primarily for expanding the company's industrial automation and related businesses[60].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 華章科技控股有限公司 呈交日期: 2026年3月5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) | 01673 | 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 | | | 8,000,000,000 | HKD | | 0.01 | HKD | | 80,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 8,000,000,000 | HKD | | 0.01 | HKD | | 80,000,000 | 本月底法定/ ...

謹此提述華章科技控股有限公司（「本公司」）日期均為2026年2月3日的股東特別大 會（「股東特別大會」）通告（「通告」）及通函（「通函」）。除另有指明外，本公告所用 詞彙與通告及通函所界定者具相同涵義。 股東特別大會投票表決結果 董 事會 欣然 宣 佈， 通告 所載 的 提呈 決議 案 ，已 獲股 東 於2026 年 2 月 27 日舉 行 之股 東特別大會上以投票表決方式正式通過。 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的任何損失承擔任何責任。 HUAZHANG TECHNOLOGY HOLDING LIMITED 華 章 科 技 控 股 有 限 公 司 （在開曼群島註冊成立的有限公司） （股份代號：1673） 於2026年2月27日舉行之 股東特別大會之投票表決結果 執行董事方暉先生、陳宏衛先生及蔡海峰先生以及獨立非執行董事邢凱能先生、 姚楊洋先生及張東方女士已親身或以電子方式出席股東週年大會。 – ...

Core Viewpoint - Huazhang Technology (01673) reported a revenue of 151 million RMB for the six months ending December 31, 2025, representing a year-on-year decline of 22.6% and a shareholder loss of 22.36 million RMB, which is an increase of 222% compared to the previous year [1] Financial Performance - Revenue for the period decreased primarily due to delays in several client projects [1] - Gross margin improved from approximately 20.8% for the six months ending December 31, 2024, to about 22.2% for the current period, attributed to the management team's efforts in cost control [1]

Core Viewpoint - Huazhang Technology (01673) reported a revenue of 151 million RMB for the six months ending December 31, 2025, representing a year-on-year decline of 22.6% and a shareholder loss of 22.36 million RMB, which is an increase of 222% compared to the previous year [1] Group 1 - The revenue decrease is primarily attributed to the postponement of several client projects [1] - The gross profit margin improved from approximately 20.8% for the six months ending December 31, 2024, to about 22.2% for the current reporting period, mainly due to the management team's efforts in cost control [1]

Core Viewpoint - Huazhang Technology (01673.HK) reported a significant decline in revenue for the six months ending December 31, 2025, primarily due to project delays from several clients [1] Financial Performance - Revenue decreased by approximately 22.6% from about RMB 196 million for the six months ending December 31, 2024, to about RMB 151 million for the six months ending December 31, 2025 [1] - Gross margin improved from approximately 20.8% for the six months ending December 31, 2024, to approximately 22.2% for the six months ending December 31, 2025, attributed to cost control efforts by the management team [1] - The loss attributable to shareholders increased by approximately 222.0%, rising from about RMB 6.9 million for the six months ending December 31, 2024, to about RMB 22.4 million for the six months ending December 31, 2025 [1]

Financial Performance - Revenue for the six months ended December 31, 2025, was RMB 151,449,911, a decrease of 22.6% compared to RMB 195,645,329 for the same period in 2024[3] - Gross profit for the same period was RMB 33,639,414, down 17.2% from RMB 40,613,427 in 2024[3] - The net loss for the period was RMB 22,222,487, compared to a net loss of RMB 6,814,392 in the previous year, representing a 226.1% increase in losses[3] - The loss attributable to shareholders was RMB 22,361,733, significantly higher than RMB 6,944,676 in 2024, marking a 222.0% increase[3] - Basic and diluted loss per share was RMB (1.40), compared to RMB (0.44) in the same period last year[3] - The total comprehensive loss for the period amounted to RMB 21,487,823, compared to a loss of RMB 7,843,132 in the previous period, indicating a significant increase in losses[9] - The company's shareholders experienced a comprehensive loss of RMB 21,627,069, up from RMB 7,973,410 in the prior period, reflecting a worsening financial performance[9] Operational Challenges - Operating loss for the period was RMB 19,452,216, compared to RMB 6,078,478 in 2024, reflecting increased operational challenges[5] - The company reported other income of RMB 4,995,864, down from RMB 10,702,457 in the previous year, indicating a decline in ancillary revenue streams[5] - The total cost of sales across all segments was RMB 117,810,497, highlighting the operational scale of the company[21] - The company reported a total loss of RMB 22,222,487 for the period, influenced by general administrative expenses of RMB 14,436,120 and net financing costs of RMB 1,765,562[21] Research and Development - Research and development expenses increased to RMB 22,385,847 from RMB 21,029,293, indicating a focus on innovation despite financial losses[5] - The company has developed various customized stainless steel pulping boxes since its establishment in 2001, serving clients primarily in the paper industry across China[37] - Research and development expenditure amounted to approximately RMB 22.4 million for the six months ended December 31, 2025, with three new patent applications filed[63] - The group holds a total of 125 invention patents, 180 utility model patents, and 40 software copyrights, covering core equipment R&D and intelligent control[63] Asset Management - The total assets of the company reached RMB 984,522,557, an increase from RMB 960,516,737 in the previous reporting period, showing growth in asset base[10] - The company's cash and cash equivalents stood at RMB 123,700,461, slightly up from RMB 120,616,516, indicating stable liquidity[10] - The company's inventory increased to RMB 194,040,001 from RMB 151,266,452, suggesting a buildup of stock[10] - The accounts receivable and other receivables totaled RMB 160,514,390, down from RMB 172,467,633, indicating improved collection efficiency[10] Liabilities and Equity - Total liabilities increased to RMB 590,457,301 from RMB 544,963,658, representing an increase of approximately 8.3%[11] - Total equity decreased to RMB 394,065,256 from RMB 415,553,079, reflecting a decrease of approximately 5.2%[11] - The company's net assets attributable to shareholders decreased to RMB 392,028,985 from RMB 413,656,054, a decline of about 5.2%[11] Market and Industry Trends - The paper industry is experiencing significant transformation and upgrading, driven by policy guidance and market demand, indicating a shift in operational dynamics[53] - The group aims to accelerate high-quality development despite short-term profitability pressures, driven by policy support and market demands[56] - By 2025, the national production of paper and cardboard is projected to reach 16,405.4 million tons, reflecting a year-on-year growth of 2.9%[54] Future Outlook - Future outlook includes continued focus on market expansion and potential new product development to enhance revenue streams[23] - The outlook for 2026 indicates a gradual recovery in demand for the paper industry, supported by macroeconomic policies and potential market revival[66] Legal and Compliance - The legal case involving Zhejiang Huazhang Technology Co., Ltd. has resulted in a first-instance judgment awarding the plaintiff a breach of contract compensation of approximately RMB 32,994,295[109] - The management expects the case to be concluded within 12 months, after which the restrictions on the funds will be lifted[111] - The legal proceedings are not expected to have a significant adverse impact on the company's business operations and financials[112] Shareholder Information - The company has not declared any interim dividends for the six months ending December 31, 2025, consistent with the previous year[32] - The company agreed to issue 153,846,153 new shares at a subscription price of HKD 0.65 per share, representing a discount of approximately 22.62% from the market price of HKD 0.84 at the time of the agreement[97]

Group 1 - The article provides a list of Hong Kong listed companies and their respective events scheduled for February 23, 2026, including earnings announcements and shareholder meetings [1][3] - Companies mentioned include Zhilin International, Yijun Group Holdings, Guohao Group, and others, indicating a diverse range of sectors represented in the market [1][3] - The document highlights the importance of tracking these events for potential investment opportunities and market movements [1][3]

Core Viewpoint - Huazhang Technology (01673.HK) expects to report a loss attributable to shareholders of approximately RMB 20 million to RMB 21 million for the six months ending December 31, 2025, primarily due to project delays from several clients leading to reduced revenue [1] Financial Performance - For the year 2024, the company recorded a loss of RMB 6.9 million, which is attributed to the same issue of project delays affecting revenue [1]

Core Viewpoint - Huazhang Technology (01673) expects a shareholder loss of approximately RMB 20 million to RMB 21 million for the six months ending December 31, 2025, primarily due to project delays leading to reduced revenue [1] Financial Performance - The company reported a loss of RMB 6.9 million for the year 2024, attributed to the same reasons of project delays affecting income [1]