Group 1 - The core viewpoint of the article is that Xiangxing International (01732) reported a decline in its mid-year performance for 2025, with revenues and profits decreasing compared to the previous year [1] - The company's revenue for the period was approximately 104 million, representing a year-on-year decrease of 13.9% [1] - Gross profit was reported at 25.106 million, which is a 1.2% decrease year-on-year [1] - The net profit for the period was approximately 6.938 million, reflecting a year-on-year decline of 6.7% [1] - Earnings per share were reported at 0.55 cents [1] Group 2 - The decrease in revenue and profit is primarily attributed to a reduction in earnings from the building materials trade [1]

Group 1 - The core viewpoint of the article is that Xiangxing International (01732.HK) reported a decline in revenue and profit for the six months ending June 30, 2025, primarily due to decreased earnings from building materials trading [1] Group 2 - The company's revenue for the period was approximately RMB 104 million, representing a decrease of about 13.9% compared to the same period last year [1] - The gross profit for the period decreased by approximately 1.2% to around RMB 25.106 million [1] - The profit for the period was approximately RMB 6.938 million, a decrease of about 6.7% compared to the previous year [1] - The decline in revenue and profit is mainly attributed to reduced earnings from the building materials trading segment [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 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 XIANGXING INTERNATIONAL HOLDING LIMITED 1732 截至二零二五年六月三十日止六個月之中期業績公告 象興國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬 公司截至二零二五年六月三十日止六個月期間之未經審核簡明業績。本公告載有本公司 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（「聯交所」）證券上市規則中 有關中期業績初步公告附載資料之相關規定。本公司之二零二五年中期報告將於二零二 五年九月四日分別在聯交所網站www.hkexnews.hk及本公司網站www.xxlt.com.cn可供閱 覽，而本公司之二零二五年中期報告之印刷版本將於適當時候按其接收本公司的公司通 訊之選擇寄發予本公司股東。 承董事會命 象興國際控股有限公司 主席 程友國 香港，二零二五年八月二十八日 於本公告日期，執行董事為程友國先生及邱長武先生；獨立非執行 ...

Summary of Key Points Core Viewpoint - As of August 26, a total of 135 stocks reached their 52-week highs, indicating a strong market performance with notable leaders in the sector [1]. Stock Performance Highlights - The top three stocks with the highest increase rates are: - 恒基发展 (Hengji Development) at 69.72% with a closing price of 0.335 and a peak of 0.370 [1] - 中国智能交通 (China Intelligent Transportation) at 68.89% with a closing price of 0.305 and a peak of 0.380 [1] - 桦欣控股 (Hua Xin Holdings) at 54.26% with a closing price of 17.000, reaching its peak at the same price [1] Additional Notable Stocks - Other significant performers include: - 绿色经济 (Green Economy) at 22.16% [1] - 米兰站 (Milan Station) at 21.83% [1] - 永义国际 (Yongyi International) at 21.21% [1] - 金界控股 (Golden Realm Holdings) at 18.11% [1] 52-Week Low Rankings - The stocks that reached their 52-week lows include: - 鸿盛昌资源股权 (Hongsheng Chang Resources) at a low of 0.010, down 37.50% [4] - 德商产投服务 (DeShang Investment Services) at a low of 0.830, down 17.00% [4] - 新华联合投资 (Xinhua United Investment) at a low of 0.092, down 15.60% [4]

Group 1 - The board meeting of Xiangxing International (01732.HK) is scheduled for August 28, 2025, to discuss various matters [1] - The agenda includes considering and approving the interim results for the six months ending June 30, 2025 [1] - The board will also consider the distribution of an interim dividend, if any, and may address the suspension of share transfer registration [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 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 承董事會命 象興國際控股有限公司 主席 程友國 香港，二零二五年八月八日 於本公告日期，執行董事為程友國先生及邱長武先生；獨立非執行董事為鄭少山先生、 李照女士及林國銓先生。 董事會會議通告 象興國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，董事會會議將 於二零二五年八月二十八日（星期四）舉行會議，以（其中包括）(i)考慮及批准刊發本公司 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；(ii)考慮派發中期股息（如 有）；(iii)考慮暫停辦理股份過戶登記手續（如有需要）；及(iv)處理任何其他事務（如有）。 XIANGXING INTERNATIONAL HOLDING LIMITED 1732 ...

Company Overview - Xiangxing International Holdings Limited is registered in the Cayman Islands and operates several subsidiaries focused on logistics and port services in Xiamen and Quanzhou, as well as supply chain management in Chengdu [2] - The company was listed on the Hong Kong Stock Exchange's Growth Enterprise Market in July 2017 and successfully transferred to the Main Board in September 2019 [2] - Xiangxing International's business scope includes freight forwarding, land transportation, port services, and bulk commodity trading, with a commitment to integrity and quality [2] Recent Performance - As of July 30, Xiangxing International's stock closed at HKD 0.161, marking a 9.52% increase from the previous trading day, with an intraday high of HKD 0.169, reaching a nearly one-year high [1] - The net capital inflow on that day was HKD 2.8471 million, indicating positive market sentiment towards the company's stock [1]

Financial Performance - The group's revenue for the year ended December 31, 2024, was approximately RMB 232,677,000, representing a year-on-year increase of 32.5% compared to RMB 175,556,000 in 2023[14]. - The gross profit for the same period was approximately RMB 43,596,000, reflecting a year-on-year growth of 16.9% from RMB 37,297,000[15]. - The group reported a net loss of approximately RMB 4,893,000 for the year, a decrease of 146.5% compared to a profit of RMB 10,521,000 in the previous year[15]. - The total revenue from logistics services grew by 11.3% year-on-year, reaching approximately RMB 27,922,000 in 2024[20]. - Revenue from port services decreased by 3.5% in 2024 due to the higher unit price of port transportation compared to logistics services[19]. Supply Chain and Logistics - The supply chain business revenue increased approximately 5.0 times year-on-year, contributing significantly to the overall revenue growth[8]. - Container throughput for port logistics services was 4,008,184 TEUs, a 3.1% increase from 3,889,024 TEUs in 2023[17]. - The logistics service revenue from port logistics was RMB 56,678,000, up 4.0% from RMB 54,507,000 in the previous year[18]. - The group completed over 4 million TEUs in container logistics services for the year 2024, representing a year-on-year growth of 3.1%[19]. - Heavy container transportation volume increased by 18.1% and empty container transportation volume increased by 17.4% in 2024, driven by a larger share of short-distance transportation[20]. Strategic Initiatives - The group plans to enhance management and optimize production processes to improve efficiency and better meet market demands[10]. - The company aims to increase the use of electric traction vehicles and explore the feasibility of autonomous driving solutions in port transportation services[10]. - The group will focus on accounts receivable management in the supply chain operations, particularly in the sand and gravel sector, amid domestic infrastructure and real estate market developments[10]. - The company emphasizes green development and the intelligentization of production processes as part of its strategic initiatives[8]. Corporate Governance - The board has maintained high standards of corporate governance, adhering to the corporate governance code as of December 31, 2024[52]. - The board consists of five members, including two executive directors and three independent non-executive directors, complying with listing rules[57]. - The company has established corporate governance policies and practices, which are regularly reviewed to ensure compliance with legal and regulatory requirements[69]. - The audit committee is tasked with monitoring the integrity of financial statements and overseeing the risk management and internal control systems[76]. - The company has implemented a whistleblowing policy that encourages reports from stakeholders, ensuring confidentiality and protection for whistleblowers[94]. Environmental, Social, and Governance (ESG) Efforts - The company has established an ESG committee composed of executive directors and heads of finance, human resources, and operations to implement ESG policies and monitor key performance indicators[111]. - The ESG report adheres to the Hong Kong Stock Exchange's mandatory disclosure requirements and follows four reporting principles: materiality, quantification, balance, and consistency[114]. - The company aims to enhance its environmental management efforts and expand the scope of disclosures to cover all ESG work and major business areas[121]. - The company has set three environmental goals: emissions reduction, climate change impact management, and workplace safety and health[130]. - The company has complied with all applicable laws and regulations related to air and greenhouse gas emissions, with no significant claims or penalties during the reporting period[132]. Employee and Workforce Management - Employee costs for the group were approximately RMB 92,806,000 in 2024, up from RMB 91,222,000 in 2023[22]. - The group employed 856 staff members as of December 31, 2024, an increase from 846 in the previous year[35]. - The overall employee turnover rate is reported at 46% for the current period, slightly down from 54% in 2023, showing a decrease of approximately 14.8%[158]. - The company emphasizes equal employment opportunities and has established a fair treatment policy for all employees[163]. - The company has implemented strict safety measures, including mandatory safety training for all dock workers[165]. Community and Social Responsibility - The company is committed to corporate social responsibility, actively participating in community service and encouraging employee involvement in social welfare activities[196]. - The company has a policy against collaborating with suppliers that frequently violate environmental regulations[185]. - The company encourages employees and stakeholders to report any suspected misconduct, ensuring protection for whistleblowers[195]. - The company has established supplier behavior guidelines focusing on human rights, labor protection, environmental protection, and anti-corruption[182]. Future Outlook - The company anticipates that China's import and export growth may slow down in 2025, potentially aligning with the growth rate of 2024 due to external uncertainties and domestic market stability[43]. - The company aims to achieve both revenue and profit growth by 2025[47]. - The company plans to enhance stakeholder communication and engagement through diversified channels[128].

Revenue Performance - Revenue from customer contracts for the year ended December 31, 2024, was RMB 232,677,000, representing a 32.5% increase from RMB 175,556,000 in 2023[2] - For the fiscal year ending December 31, 2024, total revenue from external customer contracts reached RMB 232,677,000, an increase from RMB 175,556,000 in the previous year, representing a growth of approximately 32.6%[12][13] - The company's revenue for the year ended December 31, 2024, was approximately RMB 232,677,000, representing a year-on-year growth of 32.5% compared to RMB 175,556,000 for the year ended December 31, 2023[38]. - Revenue from customer contracts increased to RMB 232,108 thousand in 2024, up 32.3% from RMB 175,556 thousand in 2023[19] - The supply chain operations revenue increased approximately 5.0 times year-on-year, contributing significantly to the overall revenue growth[34]. - The import and export agency services revenue rose by 50.7% to RMB 8,596,000 from RMB 5,705,000 year-on-year[43] - The logistics services overall revenue achieved an 11.3% growth, driven by an increase in short-distance transportation business[43] - The construction materials trade volume surged by 268.6% to 417,108 tons from 113,155 tons in the previous year[44] - Supply chain business revenue experienced a remarkable increase of 395.8%, reaching RMB 73,865,000 compared to RMB 14,899,000 in 2023[45] Profitability and Loss - Gross profit for the year ended December 31, 2024, was RMB 43,596,000, up 16.3% from RMB 37,297,000 in 2023[2] - Operating profit decreased significantly to RMB 1,595,000 in 2024 from RMB 17,845,000 in 2023, indicating a decline of 91.1%[2] - The net loss for the year ended December 31, 2024, was RMB 4,893,000 compared to a profit of RMB 10,521,000 in 2023, marking a turnaround of 146.5%[2] - Basic and diluted loss per share for 2024 was RMB (0.38), down from earnings of RMB 0.93 per share in 2023[3] - The company reported a total segment performance loss of RMB 43,596,000 for 2024, compared to a profit of RMB 37,297,000 in 2023, indicating a significant decline in operational efficiency[12][13] - The company incurred a net loss of RMB 6,303,000 in 2024, which is a significant increase from a net loss of RMB 681,000 in 2023, indicating a deterioration in financial performance[12][13] - The company reported a net loss attributable to owners of RMB 4,694 thousand in 2024, compared to a profit of RMB 10,937 thousand in 2023[27] - The company reported an annual loss of approximately RMB 4,893,000 for the year ended December 31, 2024, compared to a profit of RMB 10,521,000 in 2023[52] Assets and Liabilities - Total assets as of December 31, 2024, were RMB 204,728,000, slightly up from RMB 201,325,000 in 2023[4] - Cash and cash equivalents decreased to RMB 31,250,000 in 2024 from RMB 49,794,000 in 2023, a decline of 37.2%[4] - Trade and other receivables increased to RMB 160,033,000 in 2024 from RMB 139,200,000 in 2023, reflecting a growth of 15.0%[4] - The company's total equity increased to RMB 204,604,000 in 2024 from RMB 200,648,000 in 2023, an increase of 1.0%[4] - Trade receivables increased to RMB 152,124 thousand in 2024 from RMB 114,241 thousand in 2023, with a corresponding increase in credit loss provisions[28] - The company recognized an impairment loss of approximately RMB 13,111,000 related to prepayments to two suppliers undergoing bankruptcy restructuring[29] - The contract liabilities decreased from RMB 491,000 at the beginning of the year to RMB 50,000 by December 31, 2024, indicating effective revenue recognition from prior contract liabilities[33]. - As of December 31, 2024, the company had no bank loans, maintaining a net current asset position of approximately RMB 174,313,000[53] Expenses - The company reported a decrease in administrative expenses to RMB 22,132,000 in 2024 from RMB 19,830,000 in 2023, an increase of 11.6%[2] - The administrative expenses for the fiscal year 2024 were RMB 22,132,000, compared to RMB 19,830,000 in 2023, marking an increase of approximately 11.5%[12][13] - Total administrative expenses rose to RMB 17,550 thousand in 2024 from RMB 15,960 thousand in 2023, reflecting increased operational costs[19] - Employee costs for the year amounted to approximately RMB 92,806,000, up from RMB 91,222,000 in 2023[46] - The total depreciation expense for 2024 was RMB 8,196,000, compared to RMB 8,060,000 in 2023, showing a slight increase of 1.7%[14][15] - Interest income from bank deposits decreased to RMB (635,000) in 2024 from RMB (758,000) in 2023, reflecting a decline of approximately 16.2%[14][15] - Trade and other receivables impairment losses were recognized at approximately RMB 19,414,000, a significant increase from RMB 681,000 in 2023[48] Strategic Initiatives - The company plans to expand its non-current asset investments, with an allocation of RMB 13,787,000 for 2024, compared to RMB 1,919,000 in 2023, indicating a strategic focus on growth[14][15] - The company plans to enhance management and optimize production processes to improve efficiency and better meet market demands in 2025[36] - The company aims to increase the use of electric tractors and explore the feasibility of autonomous driving solutions in port transportation services[37] - The port service business remains the core operation, with a focus on improving safety, production efficiency, and emergency response capabilities[34] - The company will continue to strengthen communication with port terminals to secure new cooperation projects[37] Governance and Compliance - The company has complied with all relevant laws and regulations during the review period, maintaining good relationships with customers, employees, and investors[71] - The audit committee has reviewed the financial statements for the year ending December 31, 2024, confirming compliance with applicable accounting standards and regulations[76] - The company has established an audit committee consisting of three independent non-executive directors, ensuring adherence to corporate governance codes[73] - The board has not proposed any final dividend for the year ending December 31, 2024[69] - The company did not declare any dividends for the year ended December 31, 2024, consistent with 2023[24] - The annual general meeting is scheduled for June 24, 2025, with a suspension of share transfer registration from June 19 to June 24, 2025[74] Share Issuance - A placement agreement was signed on June 7, 2024, for the issuance of up to 80,000,000 shares at a price of HKD 0.12 per share, raising a total of HKD 9.6 million[63] - The net proceeds from the placement, amounting to approximately HKD 9.2 million, have been fully utilized for general operational purposes[63] - The company has allocated a net amount of HKD 23.7 million for the purchase of electric traction vehicles, with HKD 15.1 million utilized in the current year and HKD 8.6 million remaining[62] - The expected timeline for the full utilization of the remaining net proceeds is by December 31, 2025, or earlier[62]

2024 INTERIM REPORT 2024 中期報告 (Incorporated in the Cayman Islands with limited liability) Stock code: 1732 （於開曼群島註冊成立之有限公司） 股份代號：1732 目錄 頁次 財務摘要 2 管理層討論及分析 3 綜合損益及其他全面收益表 12 綜合財務狀況表 13 綜合權益變動表 14 簡明綜合現金流量表 15 未經審核中期財務報表附註 16 其他資料 34 1 二零二四年中期報告 財務摘要 截至六月三十日止六個月 二零二四年 二零二三年 變動百分比 人民幣千元 人民幣千元 象興國際控股有限公司（「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 二零二四年六月三十日止六個月（「該期間」）之未經審核簡明綜合業績，連同二零二三年相應期間之比較數字如下。 財務摘要 （未經審核） （未經審核） | --- | --- | --- | --- | |----------|---------|--------|--------| | | | | | | 收益 | 120,37 ...