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，亦明確表示，概不對因本公告全部或任何部分內容而產生或 因依賴該等內容而引致的任何損失承擔任何責任。 Mobvista Inc. 匯量科技有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1860） (1) 淨收入不是基於國際財務報告準則口徑衡量，我們將淨收入定義為減去分配給流量 發佈者的成本後的經調整收入； (2) 經調整後利潤淨額不是基於國際財務報告準則口徑衡量，我們將經調整後利潤淨額 定義為報告期內溢利，並就股份酬金、北京熱雲科技有限公司（「熱雲」）商譽減值損失、 以公平值計量且其變動計入損益的金融資產公平值（收益）╱虧損通過加回或扣除予 以調整； (3) 經調整息稅折舊及攤銷前溢利不是基於國際財務報告準則口徑衡量，我們將經調整 息稅折舊及攤銷前溢利定義為報告期內息稅折舊及攤銷前溢利（不是基於國際財務報 告準則口徑衡量），並就股份酬金、關停部分非程序化業務的一次性損失、熱雲仲裁 相關費用、熱雲商譽減值損失、外匯虧損╱（收益）及以公平值計量且其變動計入損 益的金融資產公平值（收益）╱虧損通過加 ...

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: 匯量科技有限公司 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) | 01860 | 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 | | | 10,000,000,000 | USD | | 0.01 | USD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 10,000,000,000 | USD | | 0.01 | USD | | 100,000,000 | 本月底法定/註冊股本總額： USD 1 ...

Group 1: Automotive Industry - BAIC Blue Valley (600733.SH) - In February 2026, BAIC Blue Valley sold 7,400 new vehicles, representing a year-on-year increase of 18.3%. Cumulatively, 15,400 new vehicles were sold in January and February, up 14.8% year-on-year [6][7]. - Revenue forecasts for 2025-2027 have been revised down to 27.13 billion (-9.6%)/53.96 billion (-78.1%)/80.78 billion (-115.0) CNY due to intense industry competition. However, net profit forecasts for the same period have been adjusted upwards to -4.62 billion (+0.6%)/-1.62 billion (+5.4%)/1.42 billion (+1.4) CNY, indicating potential profitability improvement [6][7]. - The company is the only automaker in the industry to achieve full coverage of L2-L4 autonomous driving capabilities. In December 2025, the Alpha S (L3 version) became one of the first two models in China to receive L3 autonomous driving approval [8]. Group 2: Media Industry - HuiLian Technology (01860.HK) - HuiLian Technology is expected to achieve revenue of 2.03 to 2.06 billion USD in 2025, reflecting a year-on-year growth of 34.6% to 36.6%. The net profit forecast for the same year is set at 54 to 64 million USD, indicating a significant increase of 243.9% to 307.6% [10][11]. - The company anticipates Q4 revenue between 560 to 590 million USD, with a year-on-year growth of 23.7% to 30.3%. The adjusted net profit for Q4 is projected to be between 76 to 86 million USD, marking a turnaround from losses [10][11]. - The growth in the mobile advertising market and the solid technological advantages are driving steady revenue growth, with scale effects enhancing net profit margins [10][11].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is expected to achieve revenue of USD 2.03 to 2.06 billion in 2025, representing a year-on-year increase of 34.6% to 36.6%, and a net profit of USD 54 to 64 million, reflecting a significant year-on-year growth of 243.9% to 307.6% [3] - In Q4, the company anticipates revenue of USD 560 to 590 million, which is a year-on-year increase of 23.7% to 30.3% and a quarter-on-quarter increase of 5.4% to 11.1% [3] - The adjusted net profit for Q4 is projected to be USD 76 to 86 million, with a substantial improvement from previous losses [3] - The growth in revenue is driven by the expanding mobile advertising market and the company's strong technological advantages [3] - The company has adjusted its profit forecasts for 2025 and 2027 upwards, while slightly lowering the 2026 forecast, indicating confidence in product expansion contributing to performance growth [3] Financial Summary and Valuation Metrics - Revenue projections for 2023A to 2027E are as follows: USD 1,054 million (2023A), USD 1,508 million (2024A), USD 2,050 million (2025E), USD 2,544 million (2026E), and USD 2,943 million (2027E) [5] - Net profit estimates are USD 22 million (2023A), USD 16 million (2024A), USD 62 million (2025E), USD 137 million (2026E), and USD 237 million (2027E) [5] - The projected P/E ratios are 120.3 (2023A), 166.7 (2024A), 42.3 (2025E), 19.2 (2026E), and 11.1 (2027E) [5]

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，亦明確表示，概不對因本公告全部或任何部分內容而產生或 因依賴該等內容而引致的任何損失承擔任何責任。 本公告乃由匯量科技有限公司（「本公司」，連同其附屬公司統稱為「本集團」） 根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09條及證券及 期貨條例（香港法例第571章）第XIVA部項下的內幕消息條文（定義見上市規則） 作出。 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資 者，根據對本集團截至2025年12月31日止年度（「報告期間」）之未經審核綜合管 理賬目之初步評估及董事會現時可得資料，本集團預期錄得以下財務業績： Mobvista Inc. 匯量科技有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1860） 正面盈利預告 – 1 – 本公司股東及潛在投資者在買賣本公司證券時，務請審慎行事。 承董事會命 匯量科技有限公司 主席 段威 新加坡，2026年3月2日 1. 預計報告期內錄得的收入將介乎2,030百萬美元至2,060百萬美元，較截至 20 ...

Group 1 - The company, 汇量科技 (01860.HK), has announced a board meeting scheduled for March 11, 2026, to consider and approve the annual performance for the year ending December 31, 2025, along with the potential declaration of a final dividend, if applicable [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。 匯量科技有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本公司 謹訂於2026年3月11日（星期三）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2025年12月31日止年度業績及其發佈，並考慮派發末 期股息（如有）。 承董事會命 匯量科技有限公司 主席 段威 新加坡，2026年2月27日 Mobvista Inc. 匯量科技有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1860） 董事會會議日期通告 於本公告日期，董事會包括執行董事段威先生（主席）、曹曉歡先生（首席執行官）、方子愷先 生及宋笑飛先生；非執行董事黃德煒先生；以及獨立非執行董事孫洪斌先生、張可玲女士及 黃家輝先生。 ...

Group 1 - AI-related stocks experienced significant gains in the morning session, with Kingsoft Cloud (03896) rising by 9.35% to HKD 7.25 [1] - Xunke (03317) saw an increase of 8.88%, trading at HKD 89.50 [1] - Huoliang Technology (01860) rose by 5.58%, reaching HKD 12.30 [1] - Kingdee International (00268) increased by 4.66%, priced at HKD 10.34 [1]

Group 1 - AI-related stocks have seen significant gains, with Kingsoft Cloud (03896) up 9.05% to HKD 7.23, XunCe (03317) up 8.82% to HKD 89.45, Huily Technology (01860) up 6.27% to HKD 12.38, and Kingdee International (00268) up 4.76% to HKD 10.35 [1] - DeepSeek is reportedly testing the V4 Lite model, codenamed "Sealion-lite," which supports a context window of 1 million tokens and native multimodal reasoning [1] - Nomura's research indicates that the technological breakthroughs of DS-V4 will effectively break the "chip wall" and "memory wall," enabling the dual development of domestic computing hardware and AI applications, thus advancing the maturity of China's open-source large model ecosystem [1] - Industrial Securities believes that V4 is expected to be released in February, with significant potential in its application ecosystem [1] Group 2 - OpenRouter, the world's largest AI model API aggregation platform, reported that from September 9 to 15, Chinese models achieved a call volume of 41.2 trillion tokens, surpassing the 29.4 trillion tokens of U.S. models for the first time, with four domestic large models ranking among the top five globally [1]

Group 1 - AI-related stocks have seen significant gains, with Kingsoft Cloud (03896) up 9.05% to HKD 7.23, XunCe (03317) up 8.82% to HKD 89.45, Huily Technology (01860) up 6.27% to HKD 12.38, and Kingdee International (00268) up 4.76% to HKD 10.35 [1] - DeepSeek is reportedly testing the V4Lite model, codenamed "Sealion-lite," which features a context window of 1 million tokens and supports native multimodal reasoning [1] - Nomura's research indicates that the technological breakthroughs of DS-V4 will effectively break the "chip wall" and "memory wall," enabling the dual development of domestic computing hardware and AI applications, thus advancing the maturity of China's open-source large model ecosystem [1] - Industrial Securities believes that V4 is expected to be released in February, with significant potential in its application ecosystem [1] Group 2 - OpenRouter, the world's largest AI model API aggregation platform, reported that from September 9 to 15, Chinese models achieved a call volume of 41.2 trillion tokens, surpassing the 29.4 trillion tokens of U.S. models for the first time, with four domestic large models ranking among the top five globally [1]