BOER POWER HOLDINGS LIMITED 博耳電力控股有限公司 (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: 1685) N O T I F I C AT I O N L E T T E R 通 知 信 函 Dear registered shareholder(s), Boer Power Holdings Limited (the "Company") – Notice of publication of the 2025 Interim Report ("Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communication are available on the Company's website at www.boerpower.com and the HKEXnews website ...

BOER POWER HOLDINGS LIMITED 博 耳 電 力 控 股 有 限 公 司 INTERIM REPORT 中期報告 2025 33 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 綜合權益變動表 34 CONDENSED CONSOLIDATED CASH FLOW STATEMENT 簡明綜合現金流量表 35 NOTES TO THE INTERIM FINANCIAL STATEMENTS 中期財務報表附註 CORPORATE INFORMATION 公司資料 BOARD OF DIRECTORS (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) 股份代號 Stock Code: 1685 Executive Directors www.boerpower.com Contents目錄 2 CORPORATE INFORMATION 公司資料 4 MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析 23 CO ...

截至月份: 2025年8月31日 狀態: 新提交 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 致：香港交易及結算所有限公司 公司名稱: 博耳電力控股有限公司 呈交日期: 2025年8月29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) | 01685 | 說明 | | | | | | | | | | | 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 | | 0.1 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | 本月底法定/註冊股 ...

格隆汇8月27日丨博耳电力(01685.HK)公告，2025年上半年，集团持续秉持稳健灵活的经营策略，密切 关注市场变化，深入洞察行业风向，在风险可控的前提下有序推进业务布局。集团亦持续强化精细化管 理策略，通过持续优化业务流程与成本结构，全面提升整体运营效能，保障资金链稳健运转。依托领先 的技术优势与深厚的市场积淀，集团于期内持续致力于智能电力管理解决方案、智能电源及储能业务， 聚焦于通讯及算力中心、市政基建、电力出海等领域及市场，在复杂多变的营商环境中仍维持稳健向好 的经营态势。 集团收入录得人民币3.1亿元，同比增加13.5%。期内毛利率水平保持稳定，达到29.1%(截至2024年6月 30日止6个月：30.4%)。期内，集团除税前溢利及期内溢利分别为人民币970万元(截至2024年6月30日止 6个月：人民币950万元)及人民币780万元(截至2024年6月30日止6个月：人民币680万元)，分别实现同比 增长2.8%及14.1%。 为应对市场日益增长的产品需求，集团于期内重点加大研发投入，多项成果陆续显现；期内精准把握机 会进行市场推广，产品及解决方案影响力进一步扩大，同时为支撑业务扩张需要，引进高 ...

Core Viewpoint - The company, Bore Power (01685), reported a revenue of 310 million yuan for the six months ending June 30, 2025, representing a year-on-year increase of 13.54% [1] - The net profit attributable to shareholders was 7.789 million yuan, an increase of 13.69% year-on-year, with earnings per share of 0.01 yuan [1] Group 1: Financial Performance - Revenue reached 310 million yuan, up 13.54% compared to the previous year [1] - Net profit attributable to shareholders was 7.789 million yuan, reflecting a 13.69% increase year-on-year [1] - Earnings per share stood at 0.01 yuan [1] Group 2: Business Strategy and Operations - The company maintained a prudent and flexible operational strategy, closely monitoring market changes and industry trends [1] - Focused on enhancing operational efficiency through refined management strategies and optimizing business processes and cost structures [1] - The company emphasized smart power management solutions, smart power supply, and energy storage businesses, targeting sectors such as communication and computing centers, municipal infrastructure, and overseas power projects [1] Group 3: Research and Development - Increased investment in research and development to meet the growing market demand for products [1] - Achievements from R&D efforts began to materialize during the reporting period [1] - The company expanded its market influence through targeted promotions of products and solutions [1] Group 4: Talent and Organizational Structure - To support business expansion, the company recruited high-end management talent and optimized its organizational structure [1] - Related sales, research and development, and management expenses increased during the period due to these initiatives [1]

Core Viewpoint - 博耳电力 (01685) reported a revenue of 310 million, representing a year-on-year increase of 13.54% and a net profit attributable to shareholders of 7.789 million, up 13.69% year-on-year, with earnings per share of 1 cent [1] Financial Performance - The company achieved a revenue of 310 million, which is a 13.54% increase compared to the previous year [1] - Net profit attributable to shareholders reached 7.789 million, reflecting a 13.69% year-on-year growth [1] - Earnings per share stood at 1 cent [1] Business Strategy - The company maintained a prudent and flexible operational strategy, closely monitoring market changes and industry trends [1] - It focused on optimizing business processes and cost structures to enhance overall operational efficiency [1] - The company emphasized the importance of a robust funding chain during its operations [1] Market Focus and R&D - The company continued to invest in smart power management solutions, smart power supply, and energy storage businesses [1] - Key areas of focus included communication and computing centers, municipal infrastructure, and overseas power projects [1] - Increased R&D investment led to multiple achievements during the period, with a focus on market promotion to expand product and solution influence [1] Organizational Development - To support business expansion, the company recruited high-end management talent and optimized its organizational structure [1] - This led to an increase in related sales, R&D, and management expenses during the period [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 就 因 本 公 告 全 部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 BOER POWER HOLDINGS LIMITED 博耳電力控股有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：1685） 截至二零二五年六月三十日止 六個月的中期業績公告 博耳電力控股有限公司（「本公司」）董 事（「董 事」）會（「董事會」）欣然宣佈本公司 及其附屬公司（統 稱「本集團」）截至二零二五年六月三十日止六個月的未經審 核 中 期 業 績。本 公 告 列 載 本 公 司 二 零 二 五 年 中 期 報 告 全 文，並 符 合 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則 中 有 關 中 期 業 績 初 步 公 告 附 載 的 資 料 的 要 求。 Contents目錄 2 CORPORATE INFORMATION 公司資料 4 MANAGEMENT DISCUSSION ...

（股 份 代 號：1685） 董事會會議通知 博耳電力控股有限公司（「本公司」）董事會（「董事會」）謹 此 宣 佈，董 事 會 會 議 將 於二零二五年八月二十七日（星 期 三）舉 行，其 中 包 括 批 准 本 公 司 及 其 附 屬 公 司 截至二零二五年六月三十日止六個月之中期業績及考慮派付中期股息（如 有）。 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。 BOER POWER HOLDINGS LIMITED 博耳電力控股有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） 香 港，二 零 二 五 年 八 月 十 一 日 於 本 公 告 日 期，董 事 會 包 括(i)五 名 執 行 董 事：錢 毅 湘 先 生、賈 凌 霞 女 士、查 賽 彬 先 生（余 偉 銘 先 生 為 其 替 任 董 事）、錢 仲 明 先 生 及 余 偉 銘 先 生；及(ii)三名獨立 非 執 行 ...

Financial Performance - In 2024, the company recorded revenue of RMB 680.3 million, representing a year-on-year growth of 16.2%[12] - The gross profit margin increased to 29.0%, up by 0.6 percentage points year-on-year, with gross profit reaching RMB 197.5 million, a year-on-year growth of 19.0%[15] - Profit before taxation for the year was RMB 38.9 million, compared to RMB 32.7 million in 2023, reflecting a significant improvement[15] - The net profit for the year reached RMB 31.1 million, marking a year-on-year increase of 7.9% from RMB 28.9 million in 2023[15] - The company's operational profit was RMB 61.8 million, slightly down from RMB 63.0 million in the previous year[15] - The Group's revenue for the year reached RMB 680.3 million, representing a year-on-year growth of 16.2%[17] - The gross profit margin increased to 29.0%, up by 0.6 percentage points, with gross profit amounting to RMB 197.5 million, a year-on-year increase of 19.0%[17] - The Group's net profit for the year was RMB 31.1 million, reflecting a year-on-year growth of 7.9%[17] - The Group recorded revenue of RMB680.3 million in 2024, representing a year-on-year increase of 16.2%[42] - The gross profit for the year was RMB 197.5 million, reflecting a 19.0% year-on-year growth from RMB 166.0 million, with a gross margin of 29.0%, up 0.6 percentage points from 28.4%[44] - Operating profit and profit before tax were recorded at RMB 61.8 million and RMB 38.9 million, respectively, compared to RMB 63.0 million and RMB 32.7 million in the previous year[44] - The Group's net profit increased to RMB 31.1 million, a 7.9% year-on-year growth from RMB 28.9 million[44] Market and Economic Context - China's GDP for 2024 reached approximately RMB 135 trillion, with a year-on-year growth of 5.0%[14] - Nationwide fixed asset investment in China exceeded RMB 51 trillion, marking a 3.2% year-on-year increase[14] - The total profit of industrial enterprises in China declined by 3.3% year-on-year, amounting to approximately RMB 7.4 trillion[14] - The global economy showed signs of recovery in 2024, with China's GDP reaching approximately RMB 135 trillion, reflecting a year-on-year growth of 5.0%[34] - National fixed asset investment in China exceeded RMB 51 trillion, marking a year-on-year increase of 3.2%[34] - The total profit of industrial enterprises above a designated size in China was approximately RMB 7.4 trillion, indicating a year-on-year decline of 3.3%[34] Business Expansion and Strategy - The Group successfully expanded its business into the telecommunications and data center sectors, offering customized intelligent power solutions[23] - The Group plans to pay a final dividend of HK1.1 cents per ordinary share and a special final dividend of HK1.3 cents per ordinary share, resuming dividend distribution[18] - The demand for power infrastructure construction in countries along the "Belt and Road Initiative" has opened new pathways for the company's international expansion[27] - The company aims to enhance its global market share by focusing on power grid intelligence, communications, municipal infrastructure, and overseas markets[30] - The Group is committed to sustainable development and aims to optimize energy management efficiency for clients, contributing to ecological sustainability[24] - The Group is focusing on technological innovation and service upgrades in the urban municipal infrastructure sector, targeting projects such as urban rail transit and wastewater treatment[51] - The Group aims to expand its customer base beyond established sectors to tap into new industry segments in the energy storage market[64] - The Group will focus on international market expansion, particularly in countries along the "Belt and Road Initiative"[67] Technological Innovation - The Group's proprietary big data platform, "Cloud Smart," integrates various systems to provide comprehensive Intelligent Electrical Management Solutions[19] - The Group's "Cloud Smart" big data platform enables the provision of unique one-stop integrated energy management solutions for data centers[62] - The Group is committed to advancing technological innovation and market expansion to seize potential market opportunities in the power industry[58] - The Group's intelligent electrical management solutions are designed to optimize operating costs and support clients in achieving dual carbon reduction targets[66] Operational Efficiency and Management - The company implemented rigorous internal control standards to enhance operational efficiency and cost control capabilities[15] - The Group maintains a healthy debt structure and has recorded positive operating cash flow for nine consecutive years[17] - The Group aims to enhance operational efficiency and profitability through cost reduction and efficiency enhancement strategies[59] - The Group has maintained positive operating cash flow for nine consecutive years, emphasizing the importance of healthy cash flow management[43][44] - The Group's internal control processes are optimized to reduce management risks across departments and subsidiaries[166] Governance and Compliance - The Group emphasizes compliance with legal and regulatory requirements, ensuring adherence to the Companies Ordinance and Listing Rules, with no significant compliance issues reported during the year[130] - The Group's management team includes members with over 30 years of industry experience, contributing to strategic development and operational management[140][141] - The Group emphasizes good corporate governance, focusing on transparency, accountability, and independence to enhance shareholder value[177] - The Company has engaged an external independent consultant to assess the effectiveness of its risk management and internal control systems annually[189] - The Board promotes a culture of acting lawfully, ethically, and responsibly across the Group[191] Human Resources and Leadership - The Group's Executive Directors have extensive experience in the electrical distribution systems and equipment industry, with key leadership roles held since 1995[134][135][139][140] - The company has a strong management team with diverse backgrounds in finance, engineering, and strategic planning, enhancing its operational capabilities[145][151][154] - The management team emphasizes the importance of strategic planning and daily operations management to drive growth[145] - The company is actively involved in research and development to innovate in power distribution systems and equipment[144] - The Group's management team has a diverse background in finance, operations, and engineering, contributing to its strategic goals[169] Financial Health and Assets - As of December 31, 2024, total assets were RMB 1,525.2 million, and total liabilities were RMB 1,213.5 million, resulting in total equity of RMB 311.7 million[94] - The total liabilities of the Group as of December 31, 2024, were RMB 1,213.5 million, up from RMB 1,186.3 million as of December 31, 2023[98] - The equity of the Group increased to RMB 311.7 million as of December 31, 2024, compared to RMB 301.3 million as of December 31, 2023, reflecting a growth of 3.9%[98] - Cash and cash equivalents rose to RMB 85.7 million as of December 31, 2024, from RMB 51.3 million a year earlier, representing a significant increase of 67%[99] - The Group's debt decreased to RMB 251.7 million as of December 31, 2024, from RMB 305.3 million as of December 31, 2023, indicating a reduction of 17.5%[99] - The Group's debt-to-equity ratio improved to 80.7% as of December 31, 2024, down from 101.3% a year prior, primarily due to the reduction in borrowings[99] Customer Relations and Market Position - The Group aims to enhance customer relations and increase business volume from existing clients while reaching out to new potential clients[129] - The Group is committed to developing mutually beneficial relationships with suppliers and customers, focusing on trust and quality[128] - The Group's strategic approach includes building partnerships with global leading customers and enhancing customer experience through comprehensive service systems[66]

Financial Performance - For the year ended December 31, 2024, the company's revenue was RMB 680,276,000, representing an increase of 16.1% compared to RMB 585,551,000 in 2023[11]. - Profit before taxation for 2024 was RMB 38,872,000, up 19.9% from RMB 32,669,000 in 2023[11]. - The profit for the year attributable to equity shareholders was RMB 31,051,000, a rise of 7.9% from RMB 28,897,000 in 2023[11]. - The Group recorded revenue of RMB680.3 million, representing a year-on-year growth of 16.2%[15]. - The Group's net profit for the year reached RMB31.1 million, reflecting a year-on-year increase of 7.9%[15]. - The revenue of the IEM Solutions segment for the year was RMB505.3 million, representing a 22.3% increase compared to RMB413.1 million in 2023, accounting for 74.3% of the Group's total revenue[84]. - The revenue of the CSP Business segment was RMB 175.0 million, a 1.5% increase from RMB 172.4 million in 2023, representing 25.7% of total revenue[89]. Dividends and Shareholder Returns - The company declared a final dividend of HK1.1 cents and a special final dividend of HK1.3 cents per ordinary share[11]. - The Group plans to maintain strict cost control while diversifying revenue streams to sustain its dividend policy[18]. Asset and Liability Management - Non-current assets decreased to RMB 317,586,000 in 2024 from RMB 433,540,000 in 2023, reflecting a decline of 26.8%[11]. - Current assets increased to RMB 1,207,649,000 in 2024, up 14.6% from RMB 1,054,003,000 in 2023[11]. - Current liabilities rose to RMB 1,071,955,000 in 2024, compared to RMB 1,021,785,000 in 2023, indicating an increase of 4.9%[11]. - The company's net assets increased to RMB 311,738,000 in 2024, up 3.9% from RMB 301,263,000 in 2023[11]. - As of December 31, 2024, total assets were RMB 1,525.2 million, total liabilities were RMB 1,213.5 million, and total equity was RMB 311.7 million[107]. - The debt-to-equity ratio improved to 80.7% as of December 31, 2024, down from 101.3% as of December 31, 2023, due to a reduction in borrowings[112]. Operational Efficiency and Cost Management - The Group has focused on optimizing operational efficiency and implementing refined management practices to enhance cost reduction and efficiency strategies[14]. - The average inventory turnover days decreased by 17 days from 124 days to 107 days year-over-year, while average trade receivables turnover days decreased by 50 days from 368 days to 318 days, primarily due to increased revenue[110]. - The Group aims to enhance operational efficiency and profitability through cost reduction and efficiency enhancement strategies[67]. - The Group has implemented cost control measures that are expected to reduce operational expenses by 5% over the next year[175]. Market Expansion and Strategic Initiatives - The Group successfully expanded its business into the telecommunications and data center sectors, providing customized intelligent power solutions[24]. - The demand for power infrastructure construction in countries participating in the "Belt and Road Initiative" has opened new pathways for the Group's international expansion, making overseas revenue a key growth driver this year[29]. - The Group aims to enhance its global market share by accelerating international expansion and improving localized service capabilities in Europe[29]. - The Group is actively responding to the "Belt and Road Initiative" to accelerate the expansion of overseas power projects, injecting strong growth momentum into its business[67]. - The Group plans to leverage the "Belt and Road Initiative" to accelerate global market expansion and increase market share in overseas power markets[82]. Technological Innovation and R&D - The Group will continue to invest in research and development to accelerate technological innovation and meet diverse client needs[19]. - Research and development investments have increased by 30%, totaling $15 million, aimed at advancing new technologies[175]. - The Group's proprietary big data platform, "Cloud Smart," integrates various systems to enhance operational efficiency and reduce costs for clients[19]. - The Group's "Cloud Smart" big data platform enables the provision of unique one-stop integrated energy management solutions for data centers[71]. Sustainability and Environmental Initiatives - The Group is committed to sustainable development, leveraging technological advantages to help clients optimize energy management efficiency and achieve low-carbon transformation[25]. - The Group has implemented several policies to promote energy saving and environmental protection, aiming to reduce resource consumption and costs[135]. - The company is committed to sustainability initiatives, aiming to reduce carbon emissions by 20% over the next five years[175]. Governance and Management - The Group emphasizes the importance of maintaining strong relationships with customers, which has been a critical factor in its success[143]. - The Group is committed to compliance with relevant laws and regulations, ensuring that all transactions are within the applicable legal framework[144]. - The Group's management regularly reviews recruitment and retention practices to mitigate the risk of losing key personnel[140]. - The company emphasizes the importance of good corporate governance for continual growth and enhancement of shareholders' value[199].