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: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 亞東集團控股有限公司 呈交日期: 2025年11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) | 01795 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月 ...

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: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 亞東集團控股有限公司 呈交日期: 2025年10月8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) | 01795 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底 ...

[Company Information](index=3&type=section&id=Company%20Information) [Board of Directors and Committees](index=3&type=section&id=Board%20of%20Directors%20and%20Committees) The chapter outlines the composition of Yadong Group Holdings Limited's Board of Directors, including executive and independent non-executive directors, and its Audit, Remuneration, and Nomination Committees - The Board of Directors comprises **five executive directors** (including Chairman Mr. Xue Shidong) and **three independent non-executive directors**[4](index=4&type=chunk) - The company has an Audit Committee (chaired by Mr. He Jianchang), a Remuneration Committee (chaired by Mr. Zhu Qi), and a Nomination Committee (chaired by Mr. Xue Shidong)[4](index=4&type=chunk) [Company Secretary and Authorized Representatives](index=3&type=section&id=Company%20Secretary%20and%20Authorized%20Representatives) The company's Company Secretary is Ms. Li Jingyi, and the authorized representatives are Mr. Xue Shidong and Ms. Li Jingyi - The Company Secretary is Ms. Li Jingyi, and the authorized representatives are Mr. Xue Shidong and Ms. Li Jingyi[4](index=4&type=chunk) [Registered Office and Principal Places of Business](index=3&type=section&id=Registered%20Office%20and%20Principal%20Places%20of%20Business) This section details the company's registered offices and principal places of business in the People's Republic of China, Hong Kong, and the Cayman Islands - The principal place of business in the People's Republic of China is located at No. 381, Laodong East Road, Tianning District, Changzhou City, Jiangsu Province[4](index=4&type=chunk) - The principal place of business in Hong Kong is located at 7th Floor, Low Block, Grand Millennium Plaza, 181 Queen's Road Central[4](index=4&type=chunk) - The registered office in the Cayman Islands is located at Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111[5](index=5&type=chunk) [Other Key Information](index=4&type=section&id=Other%20Key%20Information) This section provides information on the company's Hong Kong share registrar, auditor, legal counsel, principal bankers, stock code, and website - The Hong Kong share registrar is Hong Kong Central Securities Registrars Limited[5](index=5&type=chunk) - The auditor is Shinewing (HK) CPA Limited[5](index=5&type=chunk) - The company's stock code is **1795**, and its website is www.yadongtextile.com[5](index=5&type=chunk) [Management Discussion and Analysis](index=5&type=section&id=Management%20Discussion%20and%20Analysis) [Company Profile](index=5&type=section&id=Company%20Profile) Yadong Group Holdings Limited primarily engages in the design, processing, and sale of textile fabric products, categorized into plain weave and corduroy fabrics, serving garment manufacturers and trading companies across China, Japan, and other Asian regions - The Group's core business involves the design, processing, and sale of textile fabric products, including plain weave and corduroy fabrics[7](index=7&type=chunk) - Key customers are garment manufacturers and trading companies, with products sold to China, Japan, and other Asian markets such as Taiwan, Vietnam, Bangladesh, and Indonesia[7](index=7&type=chunk) [Industry Review](index=5&type=section&id=Industry%20Review) In H1 2025, China's economy showed resilience with **GDP growing by 5.3%**, and consumption recovering due to policy stimulus, though traditional apparel categories still face challenges, leading to cautious optimism for H2 consumption - In H1 2025, China's Gross Domestic Product (GDP) increased by approximately **5.3%** year-on-year, higher than the **5.0%** growth in H1 2024[8](index=8&type=chunk) - Total retail sales of consumer goods increased by approximately **5.0%** year-on-year, with catering, automobiles, and health-related categories showing strong performance[8](index=8&type=chunk) - Retail sales of traditional categories such as apparel, footwear, headwear, and knitwear grew by only **3.1%**, continuing to face challenges[8](index=8&type=chunk) [Business Review](index=6&type=section&id=Business%20Review) In H1 2025, driven by China's consumer stimulus policies, the Group achieved growth in revenue, gross profit, and profit, with an improved gross profit margin primarily due to increased customer orders and higher average selling prices H1 2025 Business Performance | Metric | H1 2025 (RMB million) | H1 2024 (RMB million) | Year-on-Year Growth (%) | | :--- | :--- | :--- | :--- | | Revenue | 489.0 | 481.1 | 1.7% | | Gross Profit | 62.7 | 56.5 | 11.1% | | Profit | 19.8 | 17.8 | 11.0% | | Gross Profit Margin | 12.8% | 11.7% | 1.1 percentage points | - Revenue growth was primarily driven by an increase in customer purchase orders[9](index=9&type=chunk) - The increase in gross profit margin was mainly attributable to a rise in average selling prices[15](index=15&type=chunk) [Outlook and Strategies](index=6&type=section&id=Outlook%20and%20Strategies) The Group is optimistic about the market outlook for H2 2025, planning to enhance product design and development, focus on eco-friendly textile fabrics, and expand production facilities by acquiring land use rights in Vietnam to improve operational efficiency and seize Southeast Asian market opportunities - The Group maintains an **optimistic outlook** for the market in H2 2025, anticipating that sustained recovery in domestic demand will drive the development of the apparel and knitwear industries[10](index=10&type=chunk) - Key business strategies include strengthening product design and development capabilities, with a focus on **eco-friendly textile fabrics**, particularly cotton products made from sustainable raw materials[10](index=10&type=chunk) - A recent acquisition agreement has been entered into to gain indirect control of land in Vietnam, intended for developing new production facilities to diversify manufacturing bases and enhance operational efficiency[12](index=12&type=chunk) [Financial Review](index=7&type=section&id=Financial%20Review) In H1 2025, the Group's revenue, gross profit, and profit all increased, but other income decreased due to lower bank interest; sales and distribution expenses, administrative expenses, finance costs, and income tax expenses all rose, leading to a higher effective income tax rate H1 2025 Key Financial Metrics Changes | Metric | H1 2025 (RMB million) | H1 2024 (RMB million) | Change (RMB million) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Revenue | 489.0 | 481.1 | 8.0 | 1.7% | | Cost of Sales | 426.3 | 424.6 | 1.7 | 0.4% | | Gross Profit | 62.7 | 56.5 | 6.2 | 11.1% | | Other Income | 2.8 | 4.8 | (2.0) | (41.7%) | | Selling and Distribution Expenses | 10.1 | 10.0 | 0.1 | 1.0% | | Administrative Expenses | 25.0 | 24.6 | 0.4 | 1.6% | | Finance Costs | 6.8 | 5.6 | 1.2 | 21.4% | | Income Tax Expense | 3.9 | 3.3 | 0.6 | 18.2% | | Profit | 19.8 | 17.8 | 2.0 | 11.0% | - The decrease in other income was mainly due to a reduction in bank interest income from approximately **RMB 1.045 million** to approximately **RMB 54,000**[16](index=16&type=chunk) - The effective income tax rate increased from approximately **15.6%** in H1 2024 to approximately **16.5%** in H1 2025[20](index=20&type=chunk) [Other Financial and Operating Information](index=9&type=section&id=Other%20Financial%20and%20Operating%20Information) In H1 2025, the Group had no significant M&A, capital commitments of approximately **RMB 3.0 million**, and no material contingent liabilities; the gearing ratio decreased to **61.6%**, and the current ratio increased to **1.5 times**; employee numbers rose to **595**, with increased staff costs; post-period, an agreement was signed to acquire a Vietnamese entity for production expansion, and the Board does not recommend an interim dividend - As of June 30, 2025, the Group had **no material acquisitions or disposals** of subsidiaries and associates[22](index=22&type=chunk) - Capital commitments amounted to approximately **RMB 3.0 million**, primarily related to the acquisition of property, plant, and equipment, and the development of a design and research center[23](index=23&type=chunk) H1 2025 Financial Ratios and Employee Information | Metric | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Gearing Ratio | 61.6% | 66.1% | Decreased by 4.5 percentage points | | Bank Balances and Cash | RMB 35.4 million | RMB 65.0 million | Decreased | | Current Ratio | 1.5 times | 1.3 times | Increased by 0.2 times | | Number of Full-time Employees | 595 persons | 569 persons | Increased by 26 persons | | Staff Costs | RMB 41.7 million | RMB 35.0 million | Increased by 19.1% | - Subsequent to the reporting period, the Group entered into an acquisition agreement to acquire a Singapore-incorporated company holding a controlling interest in a Vietnamese entity, intended for developing new production facilities[32](index=32&type=chunk) - The Board has resolved **not to recommend** the payment of an interim dividend for the six months ended June 30, 2025[34](index=34&type=chunk) [Other Information](index=12&type=section&id=Other%20Information) [Corporate Governance](index=13&type=section&id=Corporate%20Governance) The Group is committed to maintaining high corporate governance standards, complying with the Corporate Governance Code in Appendix C1 of the Listing Rules, with a deviation where the roles of Chairman and Chief Executive are not segregated, which the Board continuously reviews for effectiveness - The Company complies with all applicable code provisions of the Corporate Governance Code, except for the non-segregation of the roles of Chairman and Chief Executive[35](index=35&type=chunk)[36](index=36&type=chunk) - The Board believes the current management structure achieves effective and efficient overall strategic planning and will continue to review the effectiveness of the corporate governance framework[36](index=36&type=chunk) [Standard Securities Dealing Code](index=13&type=section&id=Standard%20Securities%20Dealing%20Code) The Company has adopted the Standard Securities Dealing Code for Directors of Listed Issuers as set out in Appendix C3 of the Listing Rules, and all directors confirmed compliance during the reporting period - The Company has adopted the Standard Securities Dealing Code for Directors of Listed Issuers as set out in Appendix C3 of the Listing Rules[37](index=37&type=chunk) - All Directors have confirmed compliance with the required standards set out in the Standard Code for the six months ended June 30, 2025[37](index=37&type=chunk) [Changes in Directors' and Senior Management's Information](index=14&type=section&id=Changes%20in%20Directors'%20and%20Senior%20Management's%20Information) There were no changes in the information of the Company's directors and senior management requiring disclosure during the reporting period - There were **no changes** in the information of the Company's directors and senior management requiring disclosure under Rule 13.51B(1) of the Listing Rules[39](index=39&type=chunk) [Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares, and Debentures](index=14&type=section&id=Directors'%20and%20Chief%20Executive's%20Interests%20and%20Short%20Positions%20in%20Shares,%20Underlying%20Shares,%20and%20Debentures) As of June 30, 2025, no directors or chief executives of the Company held any disclosable interests or short positions in the shares, underlying shares, or debentures of the Company or any of its associated corporations - As of June 30, 2025, **no directors or chief executives** of the Company held any interests or short positions in the shares, underlying shares, or debentures of the Company or any of its associated corporations that are required to be disclosed under the Securities and Futures Ordinance[40](index=40&type=chunk) [Substantial Shareholders' Interests and Short Positions in Shares and Underlying Shares](index=14&type=section&id=Substantial%20Shareholders'%20Interests%20and%20Short%20Positions%20in%20Shares%20and%20Underlying%20Shares) As of June 30, 2025, Dongyong Holdings Limited held **75%** of the Company's equity, and Mr. Xue Liang, as the sole owner of Dongyong Holdings Limited, is deemed to have the same interest, making him a substantial shareholder of the Company Substantial Shareholders' Shareholding | Shareholder Name | Capacity/Nature of Interest | Total Number of Shares/Underlying Shares Held | Approximate Percentage of the Company's Equity (%) | | :--- | :--- | :--- | :--- | | Dongyong Holdings Limited | Beneficial Interest | 450,000,000(L) | 75% | | Mr. Xue Liang | Interest in Controlled Corporation | 450,000,000(L) | 75% | - Mr. Xue Liang owns **100%** interest in Dongyong Holdings Limited and is therefore deemed to be interested in the shares held by Dongyong Holdings Limited[44](index=44&type=chunk) [Share Option Scheme](index=15&type=section&id=Share%20Option%20Scheme) The Company adopted a share option scheme on October 21, 2020, but no share options have been granted, exercised, lapsed, or cancelled under the scheme from its adoption date to the date of this interim report - The Company adopted a share option scheme on **October 21, 2020**[43](index=43&type=chunk) - From the date of adoption up to the date of this interim report, **no share options** have been granted, exercised, lapsed, or cancelled under the share option scheme[43](index=43&type=chunk) [Directors' Rights to Acquire Shares or Debentures](index=16&type=section&id=Directors'%20Rights%20to%20Acquire%20Shares%20or%20Debentures) For the six months ended June 30, 2025, neither the Company nor any of its subsidiaries entered into any arrangements enabling directors to acquire benefits by acquiring shares or debentures of the Company or any other corporation - For the six months ended June 30, 2025, **neither the Company nor any of its subsidiaries** entered into any arrangements enabling directors to acquire benefits by acquiring shares or debentures of the Company or any other corporation[45](index=45&type=chunk) [Purchase, Sale or Redemption of Listed Securities or Sale of Treasury Shares](index=16&type=section&id=Purchase,%20Sale%20or%20Redemption%20of%20Listed%20Securities%20or%20Sale%20of%20Treasury%20Shares) For the six months ended June 30, 2025, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities or sold any treasury shares - For the six months ended June 30, 2025, **neither the Company nor any of its subsidiaries** purchased, sold, or redeemed any of the Company's listed securities or sold any treasury shares[46](index=46&type=chunk) [Audit Committee](index=16&type=section&id=Audit%20Committee) The Company's Audit Committee reviewed the Group's unaudited financial results, accounting principles, and practices for the six months ended June 30, 2025, discussed risk management, internal controls, and financial reporting with management, with no disagreements between the Board and the Audit Committee - The Audit Committee has reviewed the Group's **unaudited financial results** and accounting principles for the six months ended June 30, 2025[47](index=47&type=chunk) - The Audit Committee discussed risk management, internal controls, and financial reporting matters with management, and there were **no disagreements** between the Board and the Audit Committee[47](index=47&type=chunk) [Condensed Consolidated Financial Statements](index=16&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=17&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) This statement presents Yadong Group's revenue, costs, gross profit, various expenses, profit before tax, income tax expense, and profit for the period, along with other comprehensive income items for the six months ended June 30, 2025 Summary of Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | Metric | H1 2025 (RMB thousand) | H1 2024 (RMB thousand) | | :--- | :--- | :--- | | Revenue | 489,040 | 481,054 | | Gross Profit | 62,746 | 56,500 | | Profit Before Tax | 23,720 | 21,115 | | Income Tax Expense | (3,922) | (3,286) | | Profit for the Period | 19,798 | 17,829 | | Exchange differences arising from translation of overseas operations | 3,928 | (1,741) | | Total comprehensive income for the period attributable to owners of the Company | 23,726 | 16,088 | | Basic and Diluted Earnings Per Share (RMB cents) | 3.30 | 2.97 | [Condensed Consolidated Statement of Financial Position](index=18&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) This statement presents Yadong Group's assets, liabilities, and equity as of June 30, 2025, and December 31, 2024, showing a slight increase in non-current assets, decreases in both current assets and current liabilities, and growth in net assets Summary of Condensed Consolidated Statement of Financial Position | Metric | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Non-current Assets | 245,453 | 242,082 | | Current Assets | 580,873 | 622,907 | | Current Liabilities | 375,706 | 484,197 | | Non-current Liabilities | 133,630 | 87,529 | | Net Assets | 316,990 | 293,263 | | Share Capital | 5,035 | 5,035 | | Reserves | 311,955 | 288,228 | | **Total Equity** | **316,990** | **293,263** | - Net current assets increased from approximately **RMB 138.7 million** as of December 31, 2024, to approximately **RMB 205.2 million** as of June 30, 2025[51](index=51&type=chunk) [Condensed Consolidated Statement of Changes in Equity](index=20&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) This statement details the changes in Yadong Group's share capital, share premium, capital reserve, exchange reserve, statutory reserve, and retained profits for the six months ended June 30, 2025, reflecting the impact of profit for the period and exchange differences on total equity Summary of Condensed Consolidated Statement of Changes in Equity | Metric | January 1, 2025 (RMB thousand) | Profit for the Period (RMB thousand) | Exchange Differences (RMB thousand) | Transfer to Statutory Reserve (RMB thousand) | June 30, 2025 (RMB thousand) | | :--- | :--- | :--- | :--- | :--- | :--- | | Share Capital | 5,035 | — | — | — | 5,035 | | Share Premium | 25,046 | — | — | — | 25,046 | | Capital Reserve | (4,313) | — | — | — | (4,313) | | Exchange Reserve | (7,048) | — | 3,928 | — | (3,120) | | Statutory Reserve | 20,827 | — | — | 155 | 20,982 | | Retained Profits | 253,717 | 19,798 | — | (155) | 273,360 | | **Total** | **293,264** | **19,798** | **3,928** | **—** | **316,990** | - Total comprehensive income for the period attributable to owners of the Company was **RMB 23,726 thousand** for the six months ended June 30, 2025, an increase from **RMB 16,088 thousand** in the corresponding period of 2024[54](index=54&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=21&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) This statement summarizes Yadong Group's cash flows from operating, investing, and financing activities for the six months ended June 30, 2025, showing net cash outflows from operating, investing, and financing activities, resulting in a decrease in cash and cash equivalents at period-end Summary of Condensed Consolidated Statement of Cash Flows | Cash Flow Type | H1 2025 (RMB thousand) | H1 2024 (RMB thousand) | | :--- | :--- | :--- | | Net Cash (Used in) Generated from Operating Activities | (20,818) | 10,182 | | Net Cash (Used in) Generated from Investing Activities | (407) | 33,928 | | Net Cash (Used in) Generated from Financing Activities | (10,747) | (76,869) | | Net Decrease in Cash and Cash Equivalents | (31,972) | (32,759) | | Cash and Cash Equivalents at End of Period | 35,356 | 65,738 | - Cash flow from operating activities shifted from a net inflow in H1 2024 to a net outflow of **RMB 20,818 thousand** in H1 2025[56](index=56&type=chunk) - Cash and cash equivalents at the end of the period decreased from **RMB 65,738 thousand** in H1 2024 to **RMB 35,356 thousand** in H1 2025[56](index=56&type=chunk) [Notes to the Condensed Consolidated Financial Statements](index=22&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) [Company Information](index=22&type=section&id=Company%20Information%20(Notes)) This note provides Yadong Group Holdings Limited's registration information, listing details, ultimate holding company, principal places of business, and core business scope, clarifying that financial statements are presented in RMB - The Company was incorporated in the Cayman Islands on **September 22, 2016**, and has been listed on the Main Board of the Hong Kong Stock Exchange since **November 18, 2020**[57](index=57&type=chunk) - The ultimate holding company is Dongyong Holdings Limited, wholly and directly owned by Mr. Xue Liang, son of Mr. Xue Shidong, a director of the Company[57](index=57&type=chunk) - The Group is principally engaged in the sale of fabric products and the provision of dyeing and processing services[57](index=57&type=chunk) [Basis of Preparation](index=23&type=section&id=Basis%20of%20Preparation) This note explains that the condensed consolidated financial statements are prepared in accordance with Hong Kong Accounting Standard 34 'Interim Financial Reporting' issued by the Hong Kong Institute of Certified Public Accountants and the applicable disclosure requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited - The condensed consolidated financial statements are prepared in accordance with Hong Kong Accounting Standard 34 'Interim Financial Reporting' issued by the Hong Kong Institute of Certified Public Accountants and the applicable disclosure requirements of Appendix D2 of the Listing Rules[59](index=59&type=chunk) [Significant Accounting Policies](index=23&type=section&id=Significant%20Accounting%20Policies) This note explains that the condensed consolidated financial statements are prepared on a historical cost basis, consistent with the accounting policies and methods used in the 2024 annual financial statements, and mentions the first-time application of HKFRS amendments in this period, which had no significant impact on financial performance - The condensed consolidated financial statements have been prepared on a **historical cost basis** and are consistent with those adopted in the annual financial statements for the year ended December 31, 2024[60](index=60&type=chunk) - Amendments to Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants were first applied in the current period, but they had **no significant impact** on the Group's financial performance and position[60](index=60&type=chunk)[61](index=61&type=chunk) [Revenue](index=24&type=section&id=Revenue%20(Notes)) This note details the Group's revenue recognition methods and provides an analysis of revenue by major product or service lines (plain weave, corduroy fabrics, dyeing and processing services), showing significant growth in corduroy fabric sales - The Group's revenue is recognized at a point in time, representing amounts received and receivable for the sale of fabric products and the provision of dyeing and processing services, net of sales-related taxes[62](index=62&type=chunk) Revenue by Product/Service Line | Product/Service | H1 2025 (RMB thousand) | H1 2024 (RMB thousand) | | :--- | :--- | :--- | | Sale of plain weave fabrics | 338,598 | 361,600 | | Sale of corduroy fabrics | 130,378 | 99,231 | | Provision of dyeing and processing services | 20,064 | 20,223 | | **Total** | **489,040** | **481,054** | - Sales of corduroy fabrics increased from approximately **RMB 99.2 million** in H1 2024 to approximately **RMB 130.4 million** in H1 2025, representing a growth of approximately **31.4%**[62](index=62&type=chunk) [Segment Information](index=24&type=section&id=Segment%20Information) This note indicates that the Group does not present operating segment information due to integrated resources and lack of separate financial data for independent operating segments, while providing revenue analysis by customer geographical location, showing decreased revenue from China but significant growth in Bangladesh and Vietnam markets - The Group does **not present operating segment information** due to integrated resources and the absence of separate financial information for independent operating segments[63](index=63&type=chunk) Revenue from External Customers by Customer Location | Customer Location | H1 2025 (RMB thousand) | H1 2024 (RMB thousand) | | :--- | :--- | :--- | | China | 330,507 | 340,688 | | Bangladesh | 68,539 | 60,122 | | Vietnam | 41,063 | 24,583 | | Japan | 13,385 | 17,643 | | Others | 35,546 | 38,018 | | **Total** | **489,040** | **481,054** | - For the six months ended June 30, 2025, and 2024, **no revenue from a single customer accounted for more than 10%** of the Group's total revenue[67](index=67&type=chunk) [Other Income](index=26&type=section&id=Other%20Income) This note presents the composition of the Group's other income, primarily including bank interest income, net exchange gains, government grants, rental income, and sundry income, with the total amount decreasing year-on-year mainly due to reduced bank interest income and net exchange gains Composition of Other Income | Item | H1 2025 (RMB thousand) | H1 2024 (RMB thousand) | | :--- | :--- | :--- | | Bank interest income | 54 | 1,045 | | Net exchange gains | 455 | 2,396 | | Government grants | 56 | 77 | | Rental income | 1,529 | 1,192 | | Sundry income | 722 | 66 | | **Total** | **2,816** | **4,776** | - Total other income decreased from approximately **RMB 4.8 million** in H1 2024 to approximately **RMB 2.8 million** in H1 2025, primarily due to reduced bank interest income and net exchange gains[68](index=68&type=chunk) [Finance Costs](index=26&type=section&id=Finance%20Costs) This note discloses the composition of the Group's finance costs, primarily comprising interest on borrowings and interest on lease liabilities, with the total amount increasing year-on-year Composition of Finance Costs | Item | H1 2025 (RMB thousand) | H1 2024 (RMB thousand) | | :--- | :--- | :--- | | Interest on borrowings | 6,770 | 5,553 | | Interest on lease liabilities | 20 | 82 | | **Total** | **6,790** | **5,635** | - Total finance costs increased from approximately **RMB 5.6 million** in H1 2024 to approximately **RMB 6.8 million** in H1 2025, representing an increase of approximately **20.5%**[69](index=69&type=chunk) [Income Tax Expense](index=27&type=section&id=Income%20Tax%20Expense) This note details the Group's income tax expense, including Hong Kong profits tax and PRC enterprise income tax, explaining tax rate policies across different jurisdictions, particularly the **15%** preferential tax rate enjoyed by PRC subsidiary Yadong (Changzhou) Technology Co., Ltd. after obtaining its High-Tech Enterprise certificate Composition of Income Tax Expense | Item | H1 2025 (RMB thousand) | H1 2024 (RMB thousand) | | :--- | :--- | :--- | | Hong Kong profits tax | 3,922 | 3,286 | | PRC enterprise income tax | — | — | | **Total** | **3,922** | **3,286** | - The Group is **not subject to income tax** in the British Virgin Islands and the Cayman Islands[71](index=71&type=chunk) - PRC subsidiary Yadong (Changzhou) Technology Co., Ltd. is subject to enterprise income tax at a preferential rate of **15%** for three years from 2024 to 2026, reduced from the previous **25%**[71](index=71&type=chunk) [Profit for the Period](index=29&type=section&id=Profit%20for%20the%20Period) This note lists the expenses deducted in calculating profit for the period, including total staff costs, auditor's remuneration, amortization of intangible assets, amount of inventories, depreciation of property, plant and equipment, depreciation of investment properties, and depreciation of right-of-use assets Summary of Items Deducted in Profit for the Period | Item | H1 2025 (RMB thousand) | H1 2024 (RMB thousand) | | :--- | :--- | :--- | | Total staff costs | 41,683 | 35,006 | | Auditor's remuneration | 153 | 149 | | Amortisation of intangible assets | 29 | 58 | | Amount of inventories recognised as expense | 401,458 | 394,911 | | Depreciation of property, plant and equipment | 11,699 | 9,765 | | Depreciation of investment properties | 767 | 767 | | Depreciation of right-of-use assets | 1,554 | 5,126 | - The increase in total staff costs was primarily due to higher salaries, allowances, and other benefits resulting from the **recruitment of additional full-time employees**[30](index=30&type=chunk)[72](index=72&type=chunk) [Dividends](index=29&type=section&id=Dividends) This note confirms that no interim dividends were declared by the Company for the six months ended June 30, 2025, and 2024 - **No interim dividends** were declared for the six months ended June 30, 2025, and 2024[73](index=73&type=chunk) [Earnings Per Share](index=30&type=section&id=Earnings%20Per%20Share) This note explains the calculation of basic earnings per share and states that diluted earnings per share are the same as basic earnings per share due to the absence of outstanding potentially dilutive ordinary shares - Basic earnings per share are calculated based on the profit for the period attributable to owners of the Company and the weighted average number of ordinary shares outstanding[74](index=74&type=chunk) Earnings Per Share Calculation | Metric | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Profit for the purpose of basic earnings per share (RMB thousand) | 19,798 | 17,829 | | Weighted average number of ordinary shares (thousand shares) | 600,000 | 600,000 | | Basic and Diluted Earnings Per Share (RMB cents) | 3.30 | 2.97 | - As there were **no potentially dilutive ordinary shares** outstanding for the six months ended June 30, 2025, and 2024, diluted earnings per share are the same as basic earnings per share[76](index=76&type=chunk) [Movements in Property, Plant and Equipment](index=31&type=section&id=Movements%20in%20Property,%20Plant%20and%20Equipment) This note discloses the amount of additions to the Group's property, plant, and equipment for the six months ended June 30, 2025 - For the six months ended June 30, 2025, the Group added property, plant, and equipment of approximately **RMB 18.212 million**, an increase from approximately **RMB 14.403 million** in the corresponding period of 2024[77](index=77&type=chunk) [Trade and Bills Receivables](index=31&type=section&id=Trade%20and%20Bills%20Receivables) This note details the composition, impairment, credit terms, aging analysis, and Expected Credit Loss (ECL) assessment methods for the Group's trade and bills receivables, showing a slight increase in total trade receivables Composition of Trade and Bills Receivables | Item | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Trade receivables | 277,828 | 267,082 | | Bills receivables | 19,947 | 26,035 | | Less: Impairment | (997) | (997) | | **Total** | **296,778** | **292,120** | - The Group grants its trade customers a credit period of up to **90 days**[79](index=79&type=chunk) Aging Analysis of Trade and Bills Receivables | Aging | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Within 30 days | 196,880 | 216,631 | | 31 to 60 days | 55,008 | 44,349 | | 61 to 90 days | 23,030 | 24,295 | | 91 to 180 days | 21,860 | 6,845 | | **Total** | **296,778** | **292,120** | [Prepayments and Other Receivables](index=34&type=section&id=Prepayments%20and%20Other%20Receivables) This note presents the composition of the Group's prepayments and other receivables, including refundable deposits for potential investments, prepayments, other recoverable taxes, and other amounts, with the total decreasing from year-end Composition of Prepayments and Other Receivables | Item | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Refundable deposits for potential investments | 54,416 | 55,690 | | Prepayments | 31,532 | 41,270 | | Other recoverable taxes | 302 | 3,591 | | Others | 7,719 | 9,461 | | **Total** | **93,969** | **110,012** | - Refundable deposits for potential investments represent **US$7.6 million** (approximately **RMB 54.416 million**) paid to an independent third party for potential investments in Southeast Asian business expansion[84](index=84&type=chunk) [Amount Due from a Related Company](index=34&type=section&id=Amount%20Due%20from%20a%20Related%20Company) This note describes the nature of the amount due from a related company as unsecured, interest-free, repayable on demand, and non-trade in nature, with management assessing the credit risk as low and thus no impairment provision recognized - The amount due from a related company is **unsecured, interest-free, repayable on demand, and non-trade in nature**[83](index=83&type=chunk) - Management considers the credit risk of the amount due from a related company to be **low**, hence no impairment provision has been recognized[83](index=83&type=chunk) [Fixed Deposits](index=35&type=section&id=Fixed%20Deposits) This note discloses the amount, term, and fixed annual interest rate of the Group's fixed deposits held with banks in China - As of June 30, 2025, the Group held fixed deposits with banks in China with a one-year term and a fixed annual interest rate of **0.35%**[85](index=85&type=chunk) Fixed Deposits | Metric | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Fixed Deposits | 18,814 | 19,465 | [Trade and Bills Payables](index=35&type=section&id=Trade%20and%20Bills%20Payables%20(Notes)) This note presents the composition, aging analysis, and average credit period of the Group's trade and bills payables, with the total amount significantly decreasing from year-end Composition of Trade and Bills Payables | Item | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Trade payables | 123,954 | 189,756 | | Bills payables | 6,065 | — | | **Total** | **130,019** | **189,756** | Aging Analysis of Trade and Bills Payables | Aging | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Within 30 days | 56,417 | 140,322 | | 31 to 60 days | 25,878 | 28,385 | | 61 to 90 days | 8,917 | 10,990 | | 91 to 180 days | 25,965 | 9,594 | | 181 to 365 days | 12,338 | 301 | | Over 365 days | 504 | 164 | | **Total** | **130,019** | **189,756** | - The average credit period for purchases of goods ranges from **30 to 90 days**[88](index=88&type=chunk) [Contract Liabilities](index=36&type=section&id=Contract%20Liabilities) This note explains that contract liabilities represent customer prepayments received for the sale of fabric products, with the total amount decreasing from year-end - Contract liabilities represent **customer prepayments** received for the sale of fabric products[89](index=89&type=chunk) Contract Liabilities | Metric | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Contract Liabilities | 1,460 | 2,124 | [Movements in Borrowings](index=36&type=section&id=Movements%20in%20Borrowings) This note discloses the amounts of borrowings raised and repaid by the Group during the reporting period, along with the weighted average effective annual interest rate of borrowings - During the interim period, the Group raised borrowings of approximately **RMB 123.488 million** and repaid borrowings of approximately **RMB 123.317 million**[90](index=90&type=chunk) - For the six months ended June 30, 2025, the weighted average effective annual interest rate for borrowings was **3.57%**, a decrease from **4.1%** in the corresponding period of 2024[90](index=90&type=chunk) [Pledge of Assets](index=37&type=section&id=Pledge%20of%20Assets) This note lists the Group's pledged assets, including buildings, right-of-use assets, and investment properties, serving as collateral for bank financing, with the total amount slightly decreasing Pledged Assets | Asset Type | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Buildings | 35,904 | 36,621 | | Right-of-use assets | 36,391 | 37,116 | | Investment properties | 44,530 | 45,297 | | **Total** | **116,825** | **119,034** | - The pledged assets serve as collateral for certain bank financing of the Group[91](index=91&type=chunk) [Share-based Payment Transactions](index=37&type=section&id=Share-based%20Payment%20Transactions) This note details the Company's share option scheme adopted in 2020, including its purpose, maximum shares issuable, grant approval requirements, and share subscription price determination principles, with no share options granted during the reporting period - The share option scheme aims to **attract and retain top talent** and drive the Group's business performance[92](index=92&type=chunk) - The share option scheme allows for the grant of share options involving up to **60,000,000 shares**[92](index=92&type=chunk) - For the six months ended June 30, 2025, **no share options** were granted under the share option scheme[93](index=93&type=chunk) [Related Party Transactions](index=39&type=section&id=Related%20Party%20Transactions) This note discloses the Group's transactions and balances with a related party (Changzhou Dongxia Real Estate Agency Co., Ltd.), including receivables, rental expenses, key management personnel compensation, and assets pledged or guaranteed by the related party Balances and Transactions with Related Party Dongxia | Item | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Amount due from a related party (Dongxia) | 2,572 | 16,319 | | Rental expenses paid to a related party (Dongxia) | 1,600 | 3,200 | Key Management Personnel Compensation | Item | H1 2025 (RMB thousand) | H1 2024 (RMB thousand) | | :--- | :--- | :--- | | Short-term benefits | 2,067 | 1,996 | | Retirement benefits | 108 | 90 | | **Total** | **2,175** | **2,086** | - Certain right-of-use assets are leased from a related company, and the rental amount payable by the Group under this lease for the six months ended June 30, 2025, was **zero** (2024: **RMB 3.2 million**)[96](index=96&type=chunk) [Capital Commitments](index=41&type=section&id=Capital%20Commitments%20(Notes)) This note discloses the Group's capital expenditures contracted but not yet provided for in the condensed consolidated financial statements as of June 30, 2025, primarily for the acquisition of property, plant, and equipment and construction in progress Capital Commitments | Item | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Capital expenditure contracted but not provided for in the condensed consolidated financial statements | 3,011 | 15,800 | - Capital commitments are primarily related to the acquisition of property, plant, and equipment and construction in progress[97](index=97&type=chunk) [Events After the Reporting Period](index=41&type=section&id=Events%20After%20the%20Reporting%20Period%20(Notes)) This note discloses a significant event after the reporting period: on July 25, 2025, the Group signed an agreement to acquire a Singaporean company, thereby indirectly controlling land use rights owned by a Vietnamese entity, with plans to develop new production facilities - On **July 25, 2025**, the Group entered into a sale and purchase agreement to acquire **100%** of the issued share capital of Brilliant Textile Pte. Ltd. for approximately **US$8.9 million** (approximately **RMB 65.2 million**)[98](index=98&type=chunk) - This acquisition aims to obtain indirect control of land in Vietnam, with plans to develop new production facilities[98](index=98&type=chunk)

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: 2025年8月31日 狀態: 新提交 FF301 致：香港交易及結算所有限公司 公司名稱: 亞東集團控股有限公司 呈交日期: 2025年9月3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) | 01795 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 ...

格隆汇8月28日丨亚东集团(01795.HK)公布中期业绩，2025年上半年，公司收益为人民币4.89亿元，同 比增长1.66%；期内溢利为1979.8万元，同比增长11.04%，基本每股盈利为人民币3.30分。 ...

Core Viewpoint - Yadong Group (01795) reported a mid-term performance for the six months ending June 30, 2025, showing a net profit of RMB 19.798 million, representing a year-on-year growth of 11.04% [1] Financial Performance - The group's revenue reached RMB 489 million, reflecting a year-on-year increase of 1.66% [1] - Earnings per share were reported at 3.3 cents [1]

Group 1 - The company, Yadong Group (01795), reported a revenue of RMB 489 million for the six months ending June 30, 2025, representing a year-on-year growth of 1.66% [1] - The net profit for the same period was RMB 19.798 million, showing an increase of 11.04% compared to the previous year [1] - Earnings per share were reported at 3.3 cents [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。 亞 東 Yadong Group Holdings Limited 亞 東 集 團 控 股 有 限 公 司 （ 於開曼群島註冊成立的有限公司） （股份代號：1795） 截至2025年6月30日止六個月 中期業績公告 亞東集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及其附屬公 司（ 統稱「本集團」）截至2025 年6月30 日止六個月的未經審核綜合中期業績，連同2024 年同 期的未經審核比較數字。 簡明綜合損益及其他全面收益表 截至2025年6月30日止六個月 | | | 截至6月30日止六個月 | | | --- | --- | --- | --- | | | | 2025年 | 2024年 | | | 附註 | 人民幣千元 | 人民幣千元 | | | | （未經審核） （ | 未經審核） | | 收益 | 4 | 489,040 | 481,054 | | 銷售成本 | ...

格隆汇8月18日丨亚东集团(01795.HK)公告，公司将于2025年8月28日(星期四)举行董事会会议，藉以(其 中包括)考虑及批准公司及其附属公司截至2025年6月30日止6个月未经审核中期业绩及其发布，以及考 虑派付中期股息(如有)。 ...

（ 於開曼群島註冊成立的有限公司） （股份代號：1795） 亞 東 Yadong Group Holdings Limited 亞 東 集 團 控 股 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。 於本公告日期，本公司擁有五名執行董事，即薛士東先生、王斌先生、香文斌先生、張葉萍女士及金榮偉先 生；及三名獨立非執行董事，即朱旗先生、何建昌先生及王洪亮先生。 董事會會議通告 薛士東 香港，二零二五年八月十八日 亞東集團控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於二零二五年八 月二十八日（ 星期四 ）舉行董事會會議，藉以（ 其中包括 ）考慮及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未經審核中期業績及其發佈，以及考慮派付中期股息 （ 如有）。 承董事會命 亞東集團控股有限公司 主席 ...