[Company Information](index=2&type=section&id=Company%20Information) Provides an overview of the company's board of directors, committees, and essential corporate details [Board of Directors and Committees](index=3&type=section&id=Board%20of%20Directors%20and%20Committees) Details the composition of the Board of Directors, including executive and independent non-executive directors, and the structure and chairpersons of the Audit, Remuneration, and Nomination Committees - The Board of Directors comprises three executive directors (Mr. Liu Jun as Chairman, Mr. Jiang Shisheng, Mr. Gao Juwen) and three independent non-executive directors (Mr. Liu Zhenbang, Mr. Lu Jiayu, Ms. Jiang Ping)[3](index=3&type=chunk) - Mr. Liu Zhenbang chairs the Audit Committee, Mr. Lu Jiayu chairs the Remuneration Committee, and Ms. Jiang Ping chairs the Nomination Committee[3](index=3&type=chunk) [Company Basic Information](index=3&type=section&id=Company%20Basic%20Information) Presents key corporate details such as legal representatives, independent auditor, principal bankers, registered office, stock code, website, and investor contact - Mr. Zhou Yaohua is the Company Secretary, and Mr. Liu Jun and Mr. Zhou Yaohua are the legal representatives[3](index=3&type=chunk) - The independent auditor is Zhonghui Anda Certified Public Accountants Limited, and the principal banker is Bank of China (Hong Kong) Limited[3](index=3&type=chunk) - The company's stock code is **1863**, and its website is http://www.chinalongevity.hk[4](index=4&type=chunk) [Management Discussion and Analysis](index=3&type=section&id=Management%20Discussion%20and%20Analysis) Reviews the group's business performance, financial results, liquidity, human resources, and future outlook, highlighting key operational and financial trends [Business Review](index=4&type=section&id=Business%20Review) Reviews the group's position as a leader in eco-friendly special functional new materials, detailing revenue by product and region, and highlighting patent achievements - The group is one of the world's leading manufacturers of eco-friendly special functional new materials, with operations in over **100 countries and regions**, focusing on low-carbon, emission reduction, and technological innovation[5](index=5&type=chunk) - As of June 30, 2025, the group held **150 patents** for material products, including **67 invention patents**, **78 utility model patents**, and **5 software copyright patents**[10](index=10&type=chunk) [Revenue by Product](index=5&type=section&id=Revenue%20by%20Product) Group revenue is primarily derived from material products, accounting for 93.34% of total revenue, with building materials products contributing 6.66% | Product Category | 2025 Revenue (RMB million) | 2025 % of Total Revenue | 2024 Revenue (RMB million) | 2024 % of Total Revenue | | :--- | :--- | :--- | :--- | :--- | | Material Products | 552.20 | 93.34 | 482.02 | 90.58 | | Building Materials Products | 39.37 | 6.66 | 50.13 | 9.42 | | **Total** | **591.57** | **100.00** | **532.15** | **100.00** | [Revenue by Geographical Region](index=6&type=section&id=Revenue%20by%20Geographical%20Region) Domestic sales remain the group's primary revenue source, contributing approximately 65.4% of total revenue, while export sales account for about 34.6% | Region | 2025 (RMB million) | 2024 (RMB million) | | :--- | :--- | :--- | | China | 387.13 | 357.90 | | Other | 204.44 | 174.25 | | **Total** | **591.57** | **532.15** | - Domestic sales accounted for approximately **65.4%** of total revenue (June 30, 2024: 67.3%), while export sales accounted for approximately **34.6%** (June 30, 2024: 32.7%)[6](index=6&type=chunk) [Material Products](index=7&type=section&id=Material%20Products) Material products revenue reached approximately RMB 552.2 million, representing about 93.3% of total group revenue, with sales increasing by approximately 14.6% due to higher demand - Material products revenue was approximately **RMB 552.2 million** (June 30, 2024: RMB 482.0 million), accounting for approximately **93.3%** of total revenue (June 30, 2024: 90.6%)[11](index=11&type=chunk) - Sales of material products increased by approximately **14.6%**, primarily due to increased demand[11](index=11&type=chunk) [Building Materials Products](index=7&type=section&id=Building%20Materials%20Products) Building materials products revenue was approximately RMB 39.4 million, accounting for about 6.7% of total revenue, with sales decreasing by approximately 21.5% - Building materials products revenue was approximately **RMB 39.4 million** (June 30, 2024: RMB 50.1 million), accounting for approximately **6.7%** of total revenue (June 30, 2024: 9.4%)[12](index=12&type=chunk) - Sales of building materials products decreased by approximately **21.5%**[12](index=12&type=chunk) [Financial Review](index=7&type=section&id=Financial%20Review) The group's revenue increased by 11.2% year-on-year, but profit for the period decreased by 14.6% due to increased administrative and finance costs, with no interim dividend proposed - Revenue was approximately **RMB 591.6 million**, an increase of **11.2%** compared to the same period last year[13](index=13&type=chunk) - Gross margin was approximately **17.0%** (June 30, 2024: 17.4%), with the decrease primarily attributed to the economic downturn in European and American countries and political instability in Sino-US trade relations leading to lower selling prices[14](index=14&type=chunk) - Profit attributable to owners of the company was approximately **RMB 17.2 million**, or basic earnings per share of **RMB 2.02 cents**, a decrease from RMB 20.2 million in the prior year, partly due to increased finance costs[22](index=22&type=chunk) - The Board of Directors resolved not to declare any interim dividend for the six months ended June 30, 2025[23](index=23&type=chunk) [Revenue](index=7&type=section&id=Revenue) The group's revenue for the six months ended June 30, 2025, was approximately RMB 591.6 million, an increase of 11.2% compared to the same period last year | Metric | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Revenue | 591,574 | 532,153 | - Revenue increased by approximately **RMB 59.4 million**, or **11.2%**[13](index=13&type=chunk) [Gross Profit and Gross Margin](index=7&type=section&id=Gross%20Profit%20and%20Gross%20Margin) Gross profit was approximately RMB 100.9 million, with a gross margin of about 17.0%, a slight decrease from 17.4% in the prior year, influenced by market downturns and trade relations | Metric | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Gross Profit | 100,853 | 92,735 | | Gross Margin | 17.0% | 17.4% | - The decrease in gross margin was mainly due to the economic downturn in European and American countries and political instability in Sino-US trade relations, leading to lower selling prices[14](index=14&type=chunk) | Product Category | 2025 (%) | 2024 (%) | | :--- | :--- | :--- | | Material Products | 17.6 | 17.4 | | Building Materials Products | 9.8 | 17.8 | | **Total** | **17.0** | **17.4** | [Selling and Distribution Costs](index=8&type=section&id=Selling%20and%20Distribution%20Costs) Selling and distribution costs increased by approximately RMB 0.3 million to RMB 23.4 million, while its proportion to revenue decreased from 4.4% to 4.0% - Selling and distribution costs increased by approximately **RMB 0.3 million** to approximately **RMB 23.4 million**[16](index=16&type=chunk) - The proportion to revenue decreased from **4.4% to 4.0%**[16](index=16&type=chunk) [Administrative Expenses](index=8&type=section&id=Administrative%20Expenses) Administrative expenses increased by approximately RMB 1.5 million or 2.6% to RMB 59.8 million, primarily due to higher staff costs - Administrative expenses increased by approximately **RMB 1.5 million** or **2.6%** to approximately **RMB 59.8 million**[17](index=17&type=chunk) - The increase in administrative expenses was mainly due to increased staff costs[17](index=17&type=chunk) [Research and Development](index=8&type=section&id=Research%20and%20Development) Research and development costs were approximately RMB 26.5 million, representing 4.5% of revenue, with continued investment planned for long-term competitiveness and new material development - Research and development costs were approximately **RMB 26.5 million** (June 30, 2024: RMB 24.9 million), accounting for **4.5%** of revenue (June 30, 2024: 4.7%)[18](index=18&type=chunk) - The group will continue to allocate resources to reduce raw material costs, optimize production processes, increase production capacity, and develop high-value-added new materials, expanding new application areas and customer markets for its products[18](index=18&type=chunk) [Finance Costs](index=8&type=section&id=Finance%20Costs) Finance costs significantly increased to approximately RMB 9.2 million from RMB 4.4 million in the prior year, mainly due to new bank borrowings for operations - Finance costs were approximately **RMB 9.2 million** (June 30, 2024: RMB 4.4 million)[19](index=19&type=chunk) - The increase in finance costs was mainly due to the group obtaining new bank borrowings to facilitate operations[19](index=19&type=chunk) [Other Income and Gains](index=9&type=section&id=Other%20Income%20and%20Gains) Other income and gains decreased to approximately RMB 11.1 million from RMB 17.6 million in the prior year, primarily due to a reduction in government subsidies - Other income and gains were approximately **RMB 11.1 million** (June 30, 2024: approximately RMB 17.6 million)[20](index=20&type=chunk) - The decrease during the period was mainly due to a reduction in government subsidies[20](index=20&type=chunk) [Income Tax](index=9&type=section&id=Income%20Tax) Income tax expense slightly increased to approximately RMB 5.3 million, mainly due to an increase in deferred income tax recognized in profit or loss for the current period - Income tax expense was approximately **RMB 5.3 million** (June 30, 2024: RMB 5.1 million)[21](index=21&type=chunk) - The slight increase in this expense was mainly due to an increase in deferred income tax recognized in profit or loss for the current period[21](index=21&type=chunk) [Profit for the Period](index=9&type=section&id=Profit%20for%20the%20Period) Profit attributable to owners of the company for the period was approximately RMB 17.2 million, with basic earnings per share of RMB 2.02 cents, a decrease from the prior year, partly due to higher finance costs | Metric | 2025 (RMB) | 2024 (RMB) | | :--- | :--- | :--- | | Profit attributable to owners of the company | 17,200,000 | 20,200,000 | | Basic Earnings Per Share | 2.02 cents | 2.36 cents | - The decrease in profit for the year was partly due to increased finance costs[22](index=22&type=chunk) [Dividends](index=9&type=section&id=Dividends) The Board of Directors resolved not to declare any interim dividend for the six months ended June 30, 2025 - The Board of Directors resolved not to declare any interim dividend for the six months ended June 30, 2025 (June 30, 2024: nil)[23](index=23&type=chunk) [Liquidity and Financial Resources](index=9&type=section&id=Liquidity%20and%20Financial%20Resources) Total equity increased by 2.0% year-on-year, with an increase in net current assets and cash and cash equivalents, alongside new bank borrowings and pledged assets for financing - As of June 30, 2025, total equity was approximately **RMB 844.1 million**, an increase of **2.0%** compared to approximately RMB 827.4 million as of December 31, 2024[24](index=24&type=chunk) - Net current assets were approximately **RMB 267.0 million** (December 31, 2024: net current assets of RMB 222.0 million)[25](index=25&type=chunk) - The net debt-to-equity ratio (calculated as total interest-bearing liabilities as a percentage of total assets) was **36.4%**, compared to 35.1% as of December 31, 2024[25](index=25&type=chunk) - As of June 30, 2025, the group held cash and cash equivalents of approximately **RMB 110.7 million** (December 31, 2024: RMB 83.4 million)[26](index=26&type=chunk) [Total Equity](index=9&type=section&id=Total%20Equity) As of June 30, 2025, the group's total equity was approximately RMB 844.1 million, representing a 2.0% increase from December 31, 2024 - Total equity was approximately **RMB 844.1 million**, an increase of **2.0%** compared to approximately RMB 827.4 million as of December 31, 2024[24](index=24&type=chunk) [Financial Position](index=9&type=section&id=Financial%20Position) The group reported total current assets of approximately RMB 767.3 million, total current liabilities of RMB 500.3 million, net current assets of RMB 267.0 million, and a net debt-to-equity ratio of 36.4% | Metric | 2025 (RMB thousand) | 2024 December 31 (RMB thousand) | | :--- | :--- | :--- | | Total Current Assets | 767,300 | 780,900 | | Total Current Liabilities | 500,300 | 559,000 | | Net Current Assets | 267,000 | 222,000 | | Net Debt-to-Equity Ratio | 36.4% | 35.1% | [Cash and Cash Equivalents](index=10&type=section&id=Cash%20and%20Cash%20Equivalents) As of June 30, 2025, the group held cash and cash equivalents of approximately RMB 110.7 million, an increase from RMB 83.4 million as of December 31, 2024 - Cash and cash equivalents were approximately **RMB 110.7 million** (December 31, 2024: RMB 83.4 million)[26](index=26&type=chunk) [Bank Borrowings](index=10&type=section&id=Bank%20Borrowings) As of June 30, 2024, the group's interest-bearing bank borrowings were approximately RMB 704.8 million, with new bank loans of approximately RMB 111.5 million obtained during the year - Interest-bearing bank borrowings were approximately **RMB 704.8 million** (December 31, 2024: RMB 677.3 million)[27](index=27&type=chunk) - New bank loans of approximately **RMB 111.5 million** were obtained during the year[27](index=27&type=chunk) [Contingent Liabilities](index=10&type=section&id=Contingent%20Liabilities) As of June 30, 2025, the group had no significant contingent liabilities - As of June 30, 2025, the group had no significant contingent liabilities (December 31, 2024: nil)[28](index=28&type=chunk) [Capital Commitments](index=10&type=section&id=Capital%20Commitments) As of June 30, 2025, the group's capital commitments were approximately RMB 121.7 million, funded partly by internal resources and partly by bank borrowings - Capital commitments were approximately **RMB 121.7 million** (December 31, 2024: RMB 111.2 million)[29](index=29&type=chunk) - Capital commitments are partly funded by internal resources and partly by bank borrowings[29](index=29&type=chunk) [Pledge of Assets](index=10&type=section&id=Pledge%20of%20Assets) Certain buildings, plant and machinery, construction in progress, leasehold land, investment properties, and bank deposits were pledged to banks as collateral for bank loans and general banking facilities - Buildings, plant and machinery, and construction in progress of approximately **RMB 516.8 million**, leasehold land of approximately **RMB 77.1 million**, investment properties of approximately **RMB 20.3 million**, and bank deposits of approximately **RMB 44.3 million** were pledged to banks[30](index=30&type=chunk) [Events After Reporting Period](index=10&type=section&id=Events%20After%20Reporting%20Period) No significant events occurred after the reporting period - No significant events occurred after the reporting period[31](index=31&type=chunk) [Human Resources](index=11&type=section&id=Human%20Resources) The group's total number of employees increased to 730, with a focus on enhancing employee quality, capabilities, and skills through training and competitive compensation - As of June 30, 2025, the group employed a total of **730 employees** (December 31, 2024: 718 employees)[32](index=32&type=chunk) - The group provides on-the-job training for employees at all levels and continuously offers competitive compensation packages and bonuses to qualified employees based on their performance[32](index=32&type=chunk) [Exchange Rate Fluctuation Risk and Related Hedging](index=11&type=section&id=Exchange%20Rate%20Fluctuation%20Risk%20and%20Related%20Hedging) The group experienced exchange losses on some foreign trade orders due to RMB/USD exchange rate fluctuations but has no hedging agreements as most business transactions are settled in RMB - Due to factors such as RMB exchange rate reform and USD appreciation, the group incurred certain exchange losses on some foreign trade orders due to RMB/USD exchange rate fluctuations[33](index=33&type=chunk) - As the group primarily operates in mainland China, with most business transactions settled in RMB, the group has not entered into any agreements to hedge against foreign exchange risks[33](index=33&type=chunk) [Significant Acquisitions or Disposals of Subsidiaries, Associates and Joint Ventures](index=11&type=section&id=Significant%20Acquisitions%20or%20Disposals%20of%20Subsidiaries,%20Associates%20and%20Joint%20Ventures) For the six months ended June 30, 2025, the group had no significant acquisitions or disposals of subsidiaries, associates, or joint ventures - For the six months ended June 30, 2025, there were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures[34](index=34&type=chunk) [Future Prospects](index=12&type=section&id=Future%20Prospects) The group plans to achieve sustainable development by focusing on technological innovation, market expansion, digital transformation, talent strategy, and intellectual property protection amidst global challenges - The group actively responds to national policies, establishing and adhering to the development strategy of "stable operation, green development, continuous innovation, and pursuit of excellence"[35](index=35&type=chunk) - The group will vigorously develop ecological building materials products, further expand its overseas markets, and accelerate its presence in the Chinese building materials market, promoting the "Sijia Super Core" brand[36](index=36&type=chunk) - The group aims to achieve phased goals of business operation digitalization, efficient horizontal/vertical business synergy, integrated business and finance, and "refined, profitable, and standardized" management[36](index=36&type=chunk) - The group will comprehensively implement seven major development strategies: talent, safety, green, R&D, digitalization, supply chain management, and corporate culture[36](index=36&type=chunk) - The group will establish an intelligent manufacturing technology research institute to promote the intelligent and automated transformation of production equipment across its subsidiaries and strengthen intellectual property protection for new technologies and processes[37](index=37&type=chunk) [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=13&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) During the reporting period, group revenue increased by 11.2% to RMB 591.6 million, but profit attributable to owners of the company decreased by 14.6% to RMB 17.2 million, with basic earnings per share of RMB 2.02 cents, due to increased costs | Metric | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Revenue | 591,574 | 532,153 | | Cost of sales | (490,721) | (439,418) | | Gross profit | 100,853 | 92,735 | | Other income and gains | 11,128 | 17,649 | | Selling and distribution costs | (23,437) | (23,160) | | Administrative expenses | (59,810) | (58,300) | | Profit from operations | 29,115 | 27,217 | | Finance costs | (9,228) | (4,367) | | Profit before tax | 19,415 | 22,850 | | Income tax expense | (5,264) | (5,059) | | Profit for the period | 14,151 | 17,791 | | Profit attributable to owners of the company | 17,211 | 20,153 | | Basic Earnings Per Share (RMB cents) | 2.02 | 2.36 | [Condensed Consolidated Statement of Financial Position](index=14&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the group's total assets less current liabilities increased to RMB 1,445.3 million, with net current assets rising to RMB 267.0 million and total equity growing by 2.0% to RMB 844.1 million | Metric | 2025 (RMB thousand) | 2024 December 31 (RMB thousand) | | :--- | :--- | :--- | | Total Non-current Assets | 1,178,335 | 1,159,555 | | Total Current Assets | 767,253 | 780,919 | | Total Current Liabilities | 500,260 | 559,016 | | Net Current Assets | 266,993 | 221,903 | | Total Assets Less Current Liabilities | 1,445,328 | 1,381,458 | | Total Non-current Liabilities | 601,190 | 554,025 | | Total Equity | 844,138 | 827,433 | [Condensed Consolidated Statement of Changes in Equity](index=16&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) For the six months ended June 30, 2025, the group's total equity increased from RMB 827.4 million at the beginning of the period to RMB 844.1 million, primarily driven by total comprehensive income and capital injection from a non-controlling shareholder | Metric | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Total Equity at Beginning of Period | 827,433 | 758,156 | | Total Comprehensive Income for the Period | 14,205 | 17,798 | | Capital Contribution from a Non-controlling Shareholder | 2,500 | – | | Total Equity at End of Period | 844,138 | 775,954 | [Condensed Consolidated Statement of Cash Flows](index=17&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) During the reporting period, net cash from operating activities significantly increased, net cash used in investing activities decreased, and net cash from financing activities declined, with cash and cash equivalents rising to RMB 110.7 million at period-end | Metric | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Net Cash from Operating Activities | 59,110 | 40,953 | | Net Cash Used in Investing Activities | (52,254) | (89,977) | | Net Cash from Financing Activities | 20,439 | 38,758 | | Net Increase/(Decrease) in Cash and Cash Equivalents | 27,295 | (10,266) | | Cash and Cash Equivalents at End of Period | 110,730 | 54,110 | [Notes to the Condensed Consolidated Financial Statements](index=18&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) Provides detailed explanations and disclosures for the condensed consolidated financial statements, covering general information, accounting policies, revenue, expenses, and financial position items [1. General Information](index=18&type=section&id=1.%20General%20Information) China Longevity Group Limited was incorporated in the Cayman Islands, with its shares suspended from trading since February 14, 2013, primarily engaged in designing, developing, producing, and selling material and building materials products, ultimately controlled by Mr. Lin Shenxiong - The company was incorporated as a limited company in the Cayman Islands on October 7, 2009[44](index=44&type=chunk) - The company's shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited and have been suspended from trading since February 14, 2013[44](index=44&type=chunk) - The company is principally engaged in the design, development, production, and sale of material products and building materials products[44](index=44&type=chunk) - Mr. Lin Shenxiong is the ultimate controlling party of the company[44](index=44&type=chunk) [2. Basis of Preparation](index=19&type=section&id=2.%20Basis%20of%20Preparation) The interim financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, generally accepted accounting principles, and disclosure requirements, and should be read in conjunction with the 2024 annual consolidated financial statements - The interim financial statements have been prepared in accordance with Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants, Hong Kong Generally Accepted Accounting Principles, and the disclosure requirements of the Hong Kong Companies Ordinance and the applicable disclosure provisions of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited[45](index=45&type=chunk) - The accounting policies and methods of computation adopted in the preparation of the interim financial statements are consistent with those adopted in the 2024 annual report[45](index=45&type=chunk) [3. Adoption of New and Revised Hong Kong Financial Reporting Standards](index=20&type=section&id=3.%20Adoption%20of%20New%20and%20Revised%20Hong%20Kong%20Financial%20Reporting%20Standards) The group adopted all new and revised Hong Kong Financial Reporting Standards effective for the current period, with no significant changes to accounting policies, financial statement presentation, or reported amounts - During the current period, the group adopted all new and revised Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants that are relevant to its operations and effective for accounting periods beginning on January 1, 2025[46](index=46&type=chunk) - Except as described below, the adoption of these new and revised Hong Kong Financial Reporting Standards has not resulted in significant changes to the group's accounting policies, the presentation of the group's financial statements, or the amounts reported for the current and prior years[46](index=46&type=chunk) [4. Revenue](index=20&type=section&id=4.%20Revenue) Group revenue, primarily from goods sales, is recognized when control of products transfers, with credit terms typically ranging from 30 to 90 days, and is segmented by geographical market and major product categories - The group had only one operating segment during the year, primarily engaged in the design, development, production, and sale of material products and building materials products[47](index=47&type=chunk) - Sales are recognized when control of the products is transferred, and credit terms generally range from **30 to 90 days**[47](index=47&type=chunk)[48](index=48&type=chunk) Customer Contract Revenue Disaggregation (For the six months ended June 30) | Category | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | **Geographical Market** | | | | China | 387,135 | 357,906 | | Other | 204,439 | 174,247 | | **Total** | **591,574** | **532,153** | | **Major Products** | | | | Material Products | 552,199 | 482,025 | | Building Materials Products | 39,375 | 50,128 | | **Total** | **591,574** | **532,153** | [5. Other Income and Gains](index=22&type=section&id=5.%20Other%20Income%20and%20Gains) Total other income and gains amounted to RMB 11.1 million, a decrease from the prior year, mainly attributed to reduced government grants Composition of Other Income and Gains (For the six months ended June 30) | Item | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Interest income | 379 | 384 | | Government grants | 2,419 | 9,962 | | Gain on lease termination | 16 | 55 | | Gross rental income | 2,150 | 2,173 | | Exchange gain, net | 897 | 2,317 | | Miscellaneous income | 5,267 | 2,758 | | **Total** | **11,128** | **17,649** | - The decrease during the period was mainly due to a reduction in government subsidies[51](index=51&type=chunk) [6. Finance Costs](index=22&type=section&id=6.%20Finance%20Costs) Total finance costs significantly increased to RMB 9.2 million from the prior year, primarily consisting of interest on bank borrowings Composition of Finance Costs (For the six months ended June 30) | Item | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Interest on leases | 62 | 95 | | Interest on bank borrowings | 9,157 | 10,131 | | Interest on other borrowings | 9 | 429 | | **Total Borrowing Costs** | **9,228** | **10,655** | | Less: Interest capitalized | – | (6,288) | | **Total** | **9,228** | **4,367** | [7. Profit Before Tax](index=23&type=section&id=7.%20Profit%20Before%20Tax) Profit before tax decreased to RMB 19.4 million from the prior year, primarily impacted by increased depreciation, amortization, and finance costs Items Affecting Profit Before Tax (For the six months ended June 30) | Item | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Directors' emoluments | 839 | 928 | | Depreciation of property, plant and equipment | 35,266 | 25,231 | | Depreciation of right-of-use assets | 3,579 | 1,804 | | Amortization of intangible assets | 2,193 | 64 | | Net loss on disposal of property, plant and equipment | 3 | 14 | [8. Income Tax Expense](index=23&type=section&id=8.%20Income%20Tax%20Expense) Income tax expense slightly increased to RMB 5.3 million, mainly due to higher current and deferred tax in China, with high-tech enterprises taxed at 15% Composition of Income Tax Expense (For the six months ended June 30) | Item | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Current tax – China | 4,136 | 2,265 | | Under-provision in prior years | 952 | 2,715 | | Deferred tax | 176 | 79 | | **Total** | **5,264** | **5,059** | - No provision for Hong Kong profits tax has been made as there was no assessable profit in Hong Kong[55](index=55&type=chunk) - Fujian Sijia, Sijia Environmental Material Technology (Shanghai) Co., Ltd., and Fujian Sijia New Material Technology Co., Ltd. are high-tech enterprises subject to a tax rate of **15%**; other subsidiaries are subject to a corporate income tax rate of **25%**[56](index=56&type=chunk) [9. Dividends](index=24&type=section&id=9.%20Dividends) The Board of Directors does not recommend the payment of any interim dividend for the six months ended June 30, 2025 - The directors do not recommend the payment of any interim dividend for the six months ended June 30, 2025 (for the six months ended June 30, 2024: nil)[57](index=57&type=chunk) [10. Earnings Per Share Attributable to Owners of the Company](index=24&type=section&id=10.%20Earnings%20Per%20Share%20Attributable%20to%20Owners%20of%20the%20Company) Basic earnings per share were RMB 2.02 cents, consistent with diluted earnings per share, as there were no potential dilutive ordinary shares during the period - Basic earnings per share attributable to owners of the company for the six months ended June 30, 2025, were **RMB 2.02 cents**, calculated based on the profit attributable to owners of the company of approximately **RMB 17.211 million** and the weighted average number of ordinary shares in issue during the year of approximately **852,612,470 shares**[58](index=58&type=chunk) - As the company had no potential dilutive ordinary shares for the six months ended June 30, 2025, and 2024, the diluted earnings per share for these periods were consistent with the basic earnings per share[59](index=59&type=chunk) [11. Property, Plant and Equipment](index=25&type=section&id=11.%20Property,%20Plant%20and%20Equipment) During the reporting period, the group acquired property, plant and equipment at a total cost of RMB 19.983 million and disposed of assets with a carrying amount of RMB 15 thousand, resulting in a loss on disposal of RMB 3 thousand - For the six months ended June 30, 2025, the total cost of property, plant and equipment acquired by the group was approximately **RMB 19.983 million** (for the six months ended June 30, 2024: RMB 87.416 million)[60](index=60&type=chunk) - The disposal of property, plant and equipment with a carrying amount of approximately **RMB 15 thousand** (for the six months ended June 30, 2024: RMB 14 thousand) resulted in a loss on disposal of approximately **RMB 3 thousand** (for the six months ended June 30, 2024: RMB 14 thousand)[60](index=60&type=chunk) [12. Trade and Bills Receivables](index=25&type=section&id=12.%20Trade%20and%20Bills%20Receivables) Total trade and bills receivables amounted to RMB 359.9 million, with credit terms generally ranging from 30 to 90 days, and overdue balances are regularly reviewed by management - The group's transaction terms with customers are primarily based on credit and cash on delivery, with credit terms generally ranging from **30 to 90 days**[61](index=61&type=chunk) Ageing Analysis of Trade Receivables (Net of Provision) (As of June 30) | Ageing | 2025 (RMB thousand) | 2024 December 31 (RMB thousand) | | :--- | :--- | :--- | | Within 3 months | 214,668 | 270,797 | | More than 3 months but within 6 months | 76,944 | 54,281 | | More than 6 months but within 1 year | 65,504 | 27,179 | | More than 1 year | 2,857 | 2,344 | | **Total** | **359,973** | **354,601** | [13. Prepayments, Deposits and Other Receivables](index=26&type=section&id=13.%20Prepayments,%20Deposits%20and%20Other%20Receivables) Total prepayments, deposits, and other receivables decreased to RMB 38.8 million from the prior year-end, primarily comprising prepaid sales tax and government surcharges, advances to suppliers, and other receivables Prepayments, Deposits and Other Receivables (As of June 30) | Item | 2025 (RMB thousand) | 2024 December 31 (RMB thousand) | | :--- | :--- | :--- | | Advances to suppliers | 7,508 | 9,742 | | Prepaid sales tax and government surcharges | 23,142 | 24,488 | | Prepaid expenses | 940 | 614 | | Other receivables | 7,259 | 18,578 | | **Total** | **38,849** | **53,422** | [14. Trade and Bills Payables](index=27&type=section&id=14.%20Trade%20and%20Bills%20Payables) Total trade and bills payables decreased to RMB 280.2 million from the prior year-end, with the majority of amounts due within three months Trade and Bills Payables (As of June 30) | Item | 2025 (RMB thousand) | 2024 December 31 (RMB thousand) | | :--- | :--- | :--- | | Trade payables | 138,314 | 147,735 | | Bills payables | 141,852 | 155,878 | | **Total** | **280,166** | **303,613** | Ageing Analysis of Trade and Bills Payables (As of June 30) | Ageing | 2025 (RMB thousand) | 2024 December 31 (RMB thousand) | | :--- | :--- | :--- | | Within 3 months | 181,142 | 211,095 | | More than 3 months but within 6 months | 85,979 | 81,308 | | More than 6 months but within 1 year | 10,460 | 6,271 | | More than 1 year | 2,585 | 4,939 | | **Total** | **280,166** | **303,613** | [15. Other Payables and Accruals](index=28&type=section&id=15.%20Other%20Payables%20and%20Accruals) Total other payables and accruals decreased to RMB 33.1 million from the prior year-end, mainly including accrued liabilities, wages payable, and payables for property, plant, and equipment acquisitions Other Payables and Accruals (As of June 30) | Item | 2025 (RMB thousand) | 2024 December 31 (RMB thousand) | | :--- | :--- | :--- | | Accrued liabilities | 13,653 | 16,447 | | Wages payable | 3,510 | 3,576 | | Payables for acquisition of property, plant and equipment | 9,422 | 20,175 | | Other | 6,483 | 7,768 | | **Total** | **33,068** | **47,966** | [16. Interest-Bearing Borrowings](index=28&type=section&id=16.%20Interest-Bearing%20Borrowings) During the reporting period, the group obtained new interest-bearing borrowings of RMB 111.5 million for additional working capital and repaid RMB 83.925 million of interest-bearing borrowings - The group obtained new interest-bearing borrowings of approximately **RMB 111.5 million** for additional working capital (for the six months ended June 30, 2024: RMB 124.2 million)[68](index=68&type=chunk) - Interest-bearing borrowings of approximately **RMB 83.925 million** were repaid (for the six months ended June 30, 2024: RMB 80.626 million)[68](index=68&type=chunk) [17. Capital Commitments](index=29&type=section&id=17.%20Capital%20Commitments) As of June 30, 2025, the group's capital commitments were approximately RMB 121.7 million, primarily for property, plant and equipment, and capital injection into an associate Capital Commitments (As of June 30) | Item | 2025 (RMB thousand) | 2024 December 31 (RMB thousand) | | :--- | :--- | :--- | | Property, plant and equipment (contracted but not provided for) | 112,176 | 100,725 | | Capital injection into an associate | 9,526 | 10,507 | | **Total** | **121,702** | **111,232** | [18. Contingent Liabilities](index=29&type=section&id=18.%20Contingent%20Liabilities) As of June 30, 2025, the group had no significant contingent liabilities - As of June 30, 2025, the group had no significant contingent liabilities (December 31, 2024: nil)[70](index=70&type=chunk) [19. Related Party Transactions](index=29&type=section&id=19.%20Related%20Party%20Transactions) The group engages in transactions with related parties, including receiving income from an associate, purchasing raw materials, and paying utility expenses, with the ultimate shareholder and family members guaranteeing approximately RMB 649.2 million in bank loans Related Party Transactions (For the six months ended June 30) | Item | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Income received from an associate | 13 | 8 | | Raw materials purchased from an associate | 19,533 | 11,894 | | Utility expenses paid to an associate | 1,555 | 427 | - The ultimate shareholder and a family member of the ultimate shareholder have guaranteed bank loans of approximately **RMB 649.2 million** (December 31, 2024: RMB 632.8 million) for the group[73](index=73&type=chunk) [20. Events After Reporting Period](index=30&type=section&id=20.%20Events%20After%20Reporting%20Period) No significant events occurred after the reporting period - No significant events occurred after the reporting period[74](index=74&type=chunk) [21. Approval of Financial Statements](index=30&type=section&id=21.%20Approval%20of%20Financial%20Statements) The consolidated financial statements were approved and authorized for issue by the Board of Directors on August 28, 2025 - The consolidated financial statements were approved and authorized for issue by the Board of Directors on August 28, 2025[75](index=75&type=chunk) [Other Information](index=30&type=section&id=Other%20Information) Presents additional disclosures including results and appropriations, compliance with regulations, directors' securities transactions, share dealings, contractual interests, and major shareholder information [Results and Appropriations](index=30&type=section&id=Results%20and%20Appropriations) The group's results for the six months ended June 30, 2025, are presented in the condensed consolidated statement of profit or loss and other comprehensive income, with no interim dividend recommended by the Board - The Board of Directors does not recommend the payment of any interim dividend for the six months ended June 30, 2025 (2024: nil)[76](index=76&type=chunk) [Compliance with Laws and Regulations](index=31&type=section&id=Compliance%20with%20Laws%20and%20Regulations) The group is committed to complying with relevant laws and regulations, allocating resources to ensure continuous adherence to applicable rules, and maintaining good working relationships with regulatory bodies - The group has allocated financial and human resources to ensure continuous compliance with applicable rules and regulations and maintains good working relationships with regulatory authorities through effective communication[77](index=77&type=chunk) - During the review period, the group complied with the Listing Rules, the Securities and Futures Ordinance, the Companies Ordinance, the Patent Law of the People's Republic of China, the Contract Law of the People's Republic of China, the Labor Law, and other relevant rules and regulations[77](index=77&type=chunk) [Compliance with the Model Code for Securities Transactions by Directors](index=31&type=section&id=Compliance%20with%20the%20Model%20Code%20for%20Securities%20Transactions%20by%20Directors) The company adopted the Model Code for Securities Transactions by Directors of Listed Issuers, and all directors confirmed compliance with its required standards for the six months ended June 30, 2025 - The company adopted the Model Code for Securities Transactions by Directors of Listed Issuers as the standard for directors' securities transactions[78](index=78&type=chunk) - All directors confirmed that they have complied with the required standards set out in the Model Code for the six months ended June 30, 2025[78](index=78&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=31&type=section&id=Purchase,%20Sale%20or%20Redemption%20of%20the%20Company's%20Listed%20Securities) Neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities during 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 during the six months ended June 30, 2025[79](index=79&type=chunk) [Directors' Contractual Interests](index=31&type=section&id=Directors'%20Contractual%20Interests) As of June 30, 2025, or at any time during the six months ended June 30, 2025, no significant contracts materially related to the company's business, in which a director had a material interest, were entered into by the company or its affiliates - No significant contracts materially related to the company's business, in which a director (whether directly or indirectly) had a material interest, were entered into by the company, its holding company, or any of its subsidiaries or fellow subsidiaries[80](index=80&type=chunk) [Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares and Debentures of the Company or any Associated Corporation](index=32&type=section&id=Directors'%20and%20Chief%20Executive's%20Interests%20and%20Short%20Positions%20in%20Shares,%20Underlying%20Shares%20and%20Debentures%20of%20the%20Company%20or%20any%20Associated%20Corporation) Discloses the long positions held by directors and chief executives in the shares of the company and its associated corporations [Long Positions in Shares of the Company](index=32&type=section&id=Long%20Positions%20in%20Shares%20of%20the%20Company) Mr. Lin Shenxiong holds 48.19% of the company's issued share capital through a controlled corporation, while Mr. Huang Wanneng beneficially owns 0.59% | Name of Director | Capacity/Nature of Interest | Number of Shares Held | Approximate Percentage of Shareholding in the Company | | :--- | :--- | :--- | :--- | | Mr. Lin Shenxiong | Interest in controlled corporation | 410,886,000 | 48.19% | | Mr. Huang Wanneng | Beneficial owner | 5,060,000 | 0.59% | [Long Positions in Shares of Associated Corporations](index=32&type=section&id=Long%20Positions%20in%20Shares%20of%20Associated%20Corporations) Mr. Lin Shenxiong beneficially owns 100% equity interest in Haolin International Holdings Limited | Name of Director | Name of Associated Corporation | Capacity/Nature of Interest | Number of Shares Held | Approximate Percentage of Shareholding in Associated Corporation | | :--- | :--- | :--- | :--- | | Mr. Lin Shenxiong | Haolin International Holdings Limited | Beneficial owner | 1 | 100.00% | [Share Option Scheme](index=33&type=section&id=Share%20Option%20Scheme) The company's share option scheme adopted on April 8, 2010, expired on April 7, 2020, with no new scheme launched and no outstanding share options as of June 30, 2025 - The company adopted a share option scheme on April 8, 2010, which expired on April 7, 2020, and no new scheme has been launched as of the date of this report[83](index=83&type=chunk) - As of June 30, 2025, no outstanding share options had been granted[83](index=83&type=chunk) [Substantial Shareholders' Interests and Short Positions in Shares and Underlying Shares of the Company](index=34&type=section&id=Substantial%20Shareholders'%20Interests%20and%20Short%20Positions%20in%20Shares%20and%20Underlying%20Shares%20of%20the%20Company) Discloses the long positions in the company's shares held by substantial shareholders, including Haolin International Holdings Limited, Mr. Lin Shenxiong, Ms. Lin Hongting, Rongliang Investment Enterprise Limited, Mr. Lin Wanpeng, and Ms. Wang Huiqing Substantial Shareholders' Long Positions in Shares of the Company (As of June 30) | Name of Shareholder | Capacity/Nature of Interest | Number of Shares Held | Approximate Percentage of Shareholding in the Company | | :--- | :--- | :--- | :--- | | Haolin International Holdings Limited | Beneficial owner | 410,886,000 | 48.19% | | Mr. Lin Shenxiong | Interest in controlled corporation | 410,886,000 | 48.19% | | Ms. Lin Hongting | Spouse's interest | 410,886,000 | 48.19% | | Rongliang Investment Enterprise Limited | Beneficial owner | 59,011,000 | 6.92% | | Mr. Lin Wanpeng | Interest in controlled corporation | 59,011,000 | 6.92% | | Ms. Wang Huiqing | Spouse's interest | 59,011,000 | 6.92% | [Significant Acquisitions or Disposals](index=35&type=section&id=Significant%20Acquisitions%20or%20Disposals) For the six months ended June 30, 2025, there were no significant acquisitions or disposals of subsidiaries by the group - For the six months ended June 30, 2025, there were no significant acquisitions or disposals of subsidiaries by the group[88](index=88&type=chunk) [Audit Committee](index=35&type=section&id=Audit%20Committee) The Audit Committee, comprising three independent non-executive directors, reviewed the group's accounting principles, internal controls, and financial reporting, and approved the unaudited condensed consolidated financial statements for the period - The Audit Committee, composed of three independent non-executive directors, has reviewed the accounting principles and practices adopted by the group with management and discussed matters related to audit, internal control, and financial reporting[89](index=89&type=chunk) - The Audit Committee has reviewed the group's unaudited condensed consolidated financial statements for the six months ended June 30, 2025, and is of the opinion that the accounts comply with applicable accounting standards, the Listing Rules, and all legal requirements, and that adequate disclosures have been made[89](index=89&type=chunk) [Suspension of Trading](index=35&type=section&id=Suspension%20of%20Trading) The company's shares have been suspended from trading on the Stock Exchange since February 14, 2013, and will remain suspended until further notice - The company's shares have been suspended from trading on the Stock Exchange since February 14, 2013, and will continue to be suspended until further notice[90](index=90&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 致：香港交易及結算所有限公司 公司名稱: 中國龍天集團有限公司 呈交日期: 2025年9月2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) | 01863 | 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 | | 0.001 | HKD | | 2,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.001 | HKD | | 2,000,000 | 本月底法定/註冊股本 ...

Group 1 - The company, Longtian Group, reported a revenue increase of approximately 11.2% to about RMB 591.6 million for the six months ending June 30, 2025 [1] - The gross profit margin decreased from 17.4% to 17.0% [1] - The profit attributable to the owners of the company decreased by approximately 14.6% to about RMB 17.2 million [1] - The basic earnings per share were approximately RMB 0.0202 [1]

Group 1 - The company reported a revenue of RMB 592 million for the six months ending June 30, 2025, representing a year-on-year increase of 11.17% [1] - The profit attributable to shareholders decreased by 14.6% to RMB 17.211 million [1] - Earnings per share were reported at 2.02 cents [1]

Group 1 - The core viewpoint of the article is that Longtian Group (01863) reported its interim results for the six months ending June 30, 2025, showing a revenue of RMB 592 million, which represents a year-on-year growth of 11.17% [1] - The profit attributable to shareholders decreased to RMB 17.211 million, reflecting a year-on-year decline of 14.6% [1] - Earnings per share were reported at 2.02 cents [1]

[Company Information and Performance Summary](index=1&type=section&id=Company%20Information%20and%20Performance%20Summary) [Company Overview](index=1&type=section&id=Company%20Overview) Incorporated in the Cayman Islands, the company's shares have been suspended from HKEX trading since February 14, 2013, focusing on high-strength polyester fiber composites and PVC/non-PVC building materials - The company was incorporated in the Cayman Islands on October 7, 2009, with shares suspended from trading on the Main Board of The Stock Exchange of Hong Kong Limited since **February 14, 2013**[2](index=2&type=chunk)[11](index=11&type=chunk) - The Group primarily engages in the design, development, production, and sale of high-strength polyester fiber polymer composites and other reinforced composite materials (material products), as well as PVC and non-PVC composite flooring and wall panels (building material products)[11](index=11&type=chunk) [Interim Performance Highlights](index=1&type=section&id=Interim%20Performance%20Highlights) For the six months ended June 30, 2025, the Group's revenue increased by 11.2% to approximately RMB 591.6 million, but profit attributable to owners decreased by 14.6% to RMB 17.2 million, with a slight decline in gross profit margin and no interim dividend declared Summary of Key Financial Data for H1 2025 | Metric | June 30, 2025 (RMB million) | June 30, 2024 (RMB million) | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | 591.6 | 532.2 | +11.2% | | Gross Profit Margin | 17.0% | 17.4% | -0.4 percentage points | | Profit Attributable to Owners of the Company | 17.2 | 20.2 | -14.6% | | Basic Earnings Per Share | 2.02 cents | 2.36 cents | -14.4% | | Interim Dividend | Nil | Nil | - | [Condensed Consolidated Financial Statements](index=2&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the six months ended June 30, 2025, the Group's revenue increased, but profit for the period and profit attributable to owners decreased year-on-year due to higher cost of sales, finance costs, and income tax expense, coupled with lower other income and gains Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (Summary) | Metric | June 30, 2025 (RMB thousand) | June 30, 2024 (RMB thousand) | | :--- | :--- | :--- | | Revenue | 591,574 | 532,153 | | Cost of sales | (490,721) | (439,418) | | Gross profit | 100,853 | 92,735 | | Other income and gains | 11,128 | 17,649 | | Selling and distribution costs | (23,437) | (23,160) | | Administrative expenses | (59,810) | (58,300) | | Profit from operations | 29,115 | 27,217 | | Finance costs | (9,228) | (4,367) | | Profit before tax | 19,415 | 22,850 | | Income tax expense | (5,264) | (5,059) | | Profit for the period | 14,151 | 17,791 | | Profit attributable to owners of the Company | 17,211 | 20,153 | | Basic earnings per share (RMB cents) | 2.02 | 2.36 | [Condensed Consolidated Statement of Financial Position](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the Group's total non-current assets slightly increased, total current assets slightly decreased, but total current liabilities significantly declined, leading to an improved net current assets and an increase in total equity Condensed Consolidated Statement of Financial Position (Summary) | Metric | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Total non-current assets | 1,178,335 | 1,159,555 | | Total current assets | 767,253 | 780,919 | | Total current liabilities | 500,260 | 559,016 | | Net current assets | 266,993 | 221,903 | | Total non-current liabilities | 601,190 | 554,025 | | Total equity | 844,138 | 827,433 | [Notes to the Condensed Consolidated Financial Statements](index=6&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) [General Information](index=6&type=section&id=General%20Information) The company is registered in the Cayman Islands, primarily engaged in the design, development, production, and sale of material and building material products, with Mr. Lin Shengxiong as the ultimate controlling party - The Company is an investment holding company, primarily engaged in the design, development, production, and sale of material products and building material products through its subsidiaries[11](index=11&type=chunk) - Mr. Lin Shengxiong is the ultimate controlling party of the Company[11](index=11&type=chunk) [Basis of Preparation](index=6&type=section&id=Basis%20of%20Preparation) The interim financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, Hong Kong Generally Accepted Accounting Principles, and the Hong Kong Companies Ordinance, and should be read in conjunction with the 2024 annual report - The interim financial statements have been prepared in accordance with Hong Kong Financial Reporting Standards issued by the HKICPA, Hong Kong Generally Accepted Accounting Principles, disclosure requirements of the Hong Kong Companies Ordinance, and applicable disclosure provisions of the Listing Rules of The Stock Exchange of Hong Kong Limited[12](index=12&type=chunk) - The interim financial statements should be read in conjunction with the Group's 2024 annual consolidated financial statements for the year ended December 31, 2024[12](index=12&type=chunk) [Adoption of New and Revised Hong Kong Financial Reporting Standards](index=7&type=section&id=Adoption%20of%20New%20and%20Revised%20Hong%20Kong%20Financial%20Reporting%20Standards) The Group has adopted all new and revised Hong Kong Financial Reporting Standards effective January 1, 2025, with no significant changes to its accounting policies, financial statement presentation, or reported amounts - The adoption of new and revised Hong Kong Financial Reporting Standards has not resulted in significant changes to the Group's accounting policies, financial statement presentation, or reported amounts[13](index=13&type=chunk) [Revenue](index=7&type=section&id=Revenue) The Group's revenue primarily derives from material products, accounting for 93.3% of total revenue, with domestic sales remaining the main source, recognized upon transfer of product control, typically with credit terms of 30 to 90 days Revenue by Geographical Region and Product Type | Category | June 30, 2025 (RMB thousand) | June 30, 2024 (RMB thousand) | | :--- | :--- | :--- | | **Geographical Market** | | | | China | 387,135 | 357,906 | | Others | 204,439 | 174,247 | | **Major Products** | | | | Material products | 552,199 | 482,025 | | Building material products | 39,375 | 50,128 | | **Total** | 591,574 | 532,153 | - The Group had only one operating segment during the year, primarily engaged in the design, development, production, and sale of material products and building material products[14](index=14&type=chunk) - Sales are recognized when control of the products is transferred, with credit terms to customers typically ranging from **30 to 90 days**[14](index=14&type=chunk) [Other Income and Gains](index=9&type=section&id=Other%20Income%20and%20Gains) For the six months ended June 30, 2025, total other income and gains decreased to RMB 11,128 thousand from RMB 17,649 thousand in the prior period, primarily due to lower government grant income Details of Other Income and Gains | Item | June 30, 2025 (RMB thousand) | June 30, 2024 (RMB thousand) | | :--- | :--- | :--- | | Interest income | 379 | 384 | | Government grants | 2,419 | 9,962 | | Gross rental income | 2,150 | 2,173 | | Exchange gains, net | 897 | 2,317 | | Miscellaneous income | 5,267 | 2,758 | | **Total** | 11,128 | 17,649 | - The decrease in other income and gains was primarily due to a reduction in government grant income[16](index=16&type=chunk) [Finance Costs](index=9&type=section&id=Finance%20Costs) For the six months ended June 30, 2025, finance costs increased to RMB 9,228 thousand, mainly because no interest expenses were capitalized during the period Details of Finance Costs | Item | June 30, 2025 (RMB thousand) | June 30, 2024 (RMB thousand) | | :--- | :--- | :--- | | Interest on lease liabilities | 62 | 95 | | Interest on bank borrowings | 9,157 | 10,131 | | Interest on other borrowings | 9 | 429 | | Total borrowing costs | 9,228 | 10,655 | | Less: Interest capitalized | – | (6,288) | | **Total** | 9,228 | 4,367 | - The increase in finance costs was primarily due to no interest expenses being capitalized during the period[17](index=17&type=chunk) [Profit Before Tax](index=10&type=section&id=Profit%20Before%20Tax) The Group's profit before tax is influenced by various expenses, including directors' emoluments, depreciation of property, plant and equipment, depreciation of right-of-use assets, and amortization of intangible assets Items Deducted From/Credited to Profit Before Tax | Item | June 30, 2025 (RMB thousand) | June 30, 2024 (RMB thousand) | | :--- | :--- | :--- | | Directors' emoluments | 839 | 928 | | Depreciation of property, plant and equipment | 35,266 | 25,231 | | Depreciation of right-of-use assets | 3,579 | 1,804 | | Amortization of intangible assets | 2,193 | 64 | [Income Tax Expense](index=10&type=section&id=Income%20Tax%20Expense) The Group's income tax expense slightly increased, mainly due to higher deferred tax deducted from profit or loss during the period, with PRC subsidiaries enjoying a 15% preferential tax rate as high-tech enterprises, while others pay 25% Details of Income Tax Expense | Item | June 30, 2025 (RMB thousand) | June 30, 2024 (RMB thousand) | | :--- | :--- | :--- | | Current tax – PRC | | | | Provision for the year | 4,136 | 2,265 | | Underprovision in prior years | 952 | 2,715 | | Deferred tax | 176 | 79 | | **Total** | 5,264 | 5,059 | - Fujian Sijia, Shanghai Sijia, and Fujian Sijia New Material, as high-tech enterprises, are subject to a **15%** tax rate, while other subsidiaries are subject to a **25%** corporate income tax rate[20](index=20&type=chunk) [Dividends](index=11&type=section&id=Dividends) The Board does not recommend the payment of any interim dividend for the six months ended June 30, 2025 - The Directors do not recommend the payment of any interim dividend for the six months ended June 30, 2025[21](index=21&type=chunk) [Earnings Per Share Attributable to Owners of the Company](index=11&type=section&id=Earnings%20Per%20Share%20Attributable%20to%20Owners%20of%20the%20Company) For the six months ended June 30, 2025, basic earnings per share attributable to owners of the Company was RMB 2.02 cents, consistent with diluted earnings per share due to the absence of potential dilutive ordinary shares Earnings Per Share | Metric | June 30, 2025 (RMB cents) | June 30, 2024 (RMB cents) | | :--- | :--- | :--- | | Basic | 2.02 | 2.36 | | Diluted | 2.02 | 2.36 | - Basic earnings per share is calculated based on profit attributable to owners of the Company of approximately **RMB 17,211,000** and the weighted average number of ordinary shares in issue of approximately **852,612,470** shares[22](index=22&type=chunk) - Diluted earnings per share is consistent with basic earnings per share as there were no potential dilutive ordinary shares during these periods[23](index=23&type=chunk) [Property, Plant and Equipment](index=11&type=section&id=Property%2C%20Plant%20and%20Equipment) For the six months ended June 30, 2025, the Group acquired property, plant and equipment at a cost of RMB 19,983,000 and disposed of/derecognized assets with a carrying amount of RMB 15,000, resulting in a loss of RMB 3,000 - The Group acquired property, plant and equipment at a cost of **RMB 19,983,000** (2024 corresponding period: RMB 87,416,000)[24](index=24&type=chunk) - Disposal/derecognition of property, plant and equipment with a carrying amount of **RMB 15,000** resulted in a loss on disposal/derecognition of **RMB 3,000**[24](index=24&type=chunk) [Trade and Bills Receivables](index=12&type=section&id=Trade%20and%20Bills%20Receivables) The Group's total trade and bills receivables amounted to RMB 359,973 thousand, with credit terms generally ranging from 30 to 90 days, and management regularly reviews overdue balances Aging Analysis of Trade and Bills Receivables | Aging | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Within 3 months | 214,668 | 270,797 | | Over 3 months but within 6 months | 76,944 | 54,281 | | Over 6 months but within 1 year | 65,504 | 27,179 | | Over 1 year | 2,857 | 2,344 | | **Total** | 359,973 | 354,601 | - The Group's credit terms for transactions with customers generally range from **30 to 90 days**, and management regularly reviews overdue balances[25](index=25&type=chunk) [Trade and Bills Payables](index=13&type=section&id=Trade%20and%20Bills%20Payables) As of June 30, 2025, the Group's total trade and bills payables amounted to RMB 280,166 thousand, a decrease from December 31, 2024 Aging Analysis of Trade and Bills Payables | Aging | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Within 3 months | 181,142 | 211,095 | | Over 3 months but within 6 months | 85,979 | 81,308 | | Over 6 months but within 1 year | 10,460 | 6,271 | | Over 1 year | 2,585 | 4,939 | | **Total** | 280,166 | 303,613 | [Interest-Bearing Borrowings](index=13&type=section&id=Interest-Bearing%20Borrowings) For the period ended June 30, 2025, the Group obtained new interest-bearing borrowings of RMB 111,500,000 and repaid RMB 83,925,000 - The Group obtained new interest-bearing borrowings of **RMB 111,500,000** for additional working capital[28](index=28&type=chunk) - The Group repaid interest-bearing borrowings of **RMB 83,925,000**[28](index=28&type=chunk) [Management Discussion and Analysis](index=14&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review](index=14&type=section&id=Business%20Review) As a leader in the environmental special functional new materials industry, the Group's revenue grew by 11.2% during the review period, driven by increased demand for material products despite a decline in building material sales, with continuous R&D investment and numerous patents - The Group is one of the world-renowned leaders in the production of environmentally friendly special functional new materials, with operations in over **100** countries and regions worldwide[29](index=29&type=chunk) - Revenue during the review period was approximately **RMB 591.6 million**, an increase of **11.2%** compared to the same period last year, primarily due to the surging popularity of material products[29](index=29&type=chunk) - As of June 30, 2025, the Group held a total of **150** patents for material products, of which **67** were invention patents[32](index=32&type=chunk) [Overall Business Overview](index=14&type=section&id=Overall%20Business%20Overview) The Group focuses on low-carbon, emission reduction, and technological innovation, providing functional new material products for modern transportation, medical, and construction sectors, with domestic sales remaining the primary revenue source, accounting for approximately 65.4% of total revenue - The Group is committed to leading the development of the industry's environmental protection industrial chain, providing technical consulting and services, and offering Sijia New Materials and Supercore building material products for modern transportation, medical, construction, outdoor leisure, and sports sectors[29](index=29&type=chunk) Revenue by Product and Geographical Region (Business Review) | Category | June 30, 2025 (RMB million) | % of Total Revenue | June 30, 2024 (RMB million) | % of Total Revenue | | :--- | :--- | :--- | :--- | :--- | | **Products** | | | | | | Material products | 552.20 | 93.34 | 482.02 | 90.58 | | Building material products | 39.37 | 6.66 | 50.13 | 9.42 | | **Regions** | | | | | | China | 387.13 | 65.4% | 357.90 | 67.3% | | Others | 204.44 | 34.6% | 174.25 | 32.7% | - Despite severe challenges such as economic downturns in European and American countries and international geopolitical instability, the Group achieved improved sales by developing new products and providing high-quality products[31](index=31&type=chunk) [Material Products](index=14&type=section&id=Material%20Products) Material products business is the Group's primary revenue source, with revenue reaching RMB 552.2 million during the review period, a 14.6% year-on-year increase, accounting for 93.3% of total revenue, mainly driven by demand growth - The Group's main revenue is derived from material products, accounting for approximately **93.3%** of total revenue (June 30, 2024: 90.6%)[30](index=30&type=chunk) - Revenue from material products reached approximately **RMB 552.2 million**, with sales increasing by approximately **14.6%**, primarily due to increased demand for material products[33](index=33&type=chunk) [Building Material Products](index=14&type=section&id=Building%20Material%20Products) Building material products business generated approximately RMB 39.4 million in revenue during the review period, a 21.5% year-on-year decrease, accounting for 6.7% of total revenue - Revenue from building material products was approximately **RMB 39.4 million** (June 30, 2024: RMB 50.1 million), accounting for approximately **6.7%** of total revenue (June 30, 2024: 9.4%), representing a sales decrease of approximately **21.5%**[34](index=34&type=chunk) [Financial Review](index=16&type=section&id=Financial%20Review) The Group's revenue grew by 11.2% during the review period, but gross profit margin slightly declined; increased administrative and finance costs, coupled with reduced other income and gains, led to a 14.6% decrease in profit attributable to owners, with continued R&D investment to maintain competitiveness - The Group's revenue for the six months ended June 30, 2025, was approximately **RMB 591.6 million**, representing a year-on-year increase of **11.2%**[35](index=35&type=chunk) - The decrease in profit for the period was partly due to increased finance costs, resulting in profit attributable to owners of the Company of approximately **RMB 17.2 million**, a year-on-year decrease of **14.6%**[44](index=44&type=chunk) - The Group continues to invest in research and development, believing it is crucial for maintaining long-term competitiveness, retaining existing customers, and enhancing its ability to attract new customers and open new markets[40](index=40&type=chunk) [Revenue (Financial Review)](index=16&type=section&id=Revenue%20(Financial%20Review)) The Group's revenue increased by 11.2% year-on-year to RMB 591.6 million, with material products revenue at RMB 552.2 million and building material products revenue at RMB 39.4 million - The Group's revenue for the six months ended June 30, 2025, was approximately **RMB 591.6 million**, an increase of approximately **RMB 59.4 million**, or **11.2%**, compared to the same period last year[35](index=35&type=chunk) - Revenue from material products was approximately **RMB 552.2 million**, and revenue from building material products was approximately **RMB 39.4 million**[35](index=35&type=chunk) [Gross Profit and Gross Profit Margin](index=16&type=section&id=Gross%20Profit%20and%20Gross%20Profit%20Margin) Gross profit for the review period was approximately RMB 100.9 million, with gross profit margin decreasing from 17.4% in the prior period to 17.0%; material products saw a slight increase in gross margin, while building material products experienced a significant decline Gross Profit and Gross Profit Margin | Metric | June 30, 2025 (RMB million) | June 30, 2024 (RMB million) | | :--- | :--- | :--- | | Gross profit | 100.9 | 92.7 | | Gross profit margin | 17.0% | 17.4% | Gross Profit Margin by Product Type | Product | June 30, 2025 (%) | June 30, 2024 (%) | | :--- | :--- | :--- | | Material products | 17.6 | 17.4 | | Building material products | 9.8 | 17.8 | | **Total** | 17.0 | 17.4 | [Selling and Distribution Costs](index=17&type=section&id=Selling%20and%20Distribution%20Costs) Selling and distribution costs increased by approximately RMB 0.3 million to RMB 23.4 million from RMB 23.2 million in the prior period, while their proportion of revenue decreased from 4.4% to 4.0% - Selling and distribution costs increased by approximately **RMB 0.3 million** to approximately **RMB 23.4 million** from approximately RMB 23.2 million in the prior period[38](index=38&type=chunk) - The proportion of selling and distribution costs to revenue decreased from **4.4%** to **4.0%**[38](index=38&type=chunk) [Administrative Expenses](index=17&type=section&id=Administrative%20Expenses) Administrative expenses increased by approximately RMB 1.5 million or 2.6% to approximately RMB 59.8 million, primarily due to higher staff costs - Administrative expenses increased by approximately **RMB 1.5 million** or **2.6%** to approximately **RMB 59.8 million** from approximately RMB 58.3 million[39](index=39&type=chunk) - The increase in administrative expenses was mainly attributable to higher staff costs[39](index=39&type=chunk) [Research and Development](index=17&type=section&id=Research%20and%20Development) R&D costs were approximately RMB 26.5 million, representing 4.5% of revenue, and the Group will continue to invest in R&D to reduce raw material costs, optimize production processes, increase capacity, and develop high-value-added new materials - Research and development costs were approximately **RMB 26.5 million**, or **4.5%** of revenue (2024 corresponding period: RMB 24.9 million or 4.7% of revenue)[40](index=40&type=chunk) - The Group will continue to allocate resources for R&D activities at its Fuzhou, Shanghai, and Fuqing plants, aiming to reduce raw material costs, optimize production processes, increase capacity, and develop high-value-added new materials[40](index=40&type=chunk) [Finance Costs (Financial Review)](index=18&type=section&id=Finance%20Costs%20(Financial%20Review)) Finance costs increased to approximately RMB 9.2 million, primarily due to no interest expenses being capitalized during the period - Finance costs were approximately **RMB 9.2 million** (2024 corresponding period: RMB 4.4 million)[41](index=41&type=chunk) - The increase in finance costs was primarily due to no interest expenses being capitalized during the period[41](index=41&type=chunk) [Other Income and Gains (Financial Review)](index=18&type=section&id=Other%20Income%20and%20Gains%20(Financial%20Review)) Other income and gains were approximately RMB 11.1 million, a decrease from the prior period, mainly due to reduced government grant income - Other income and gains were approximately **RMB 11.1 million** (2024 corresponding period: approximately RMB 17.6 million)[42](index=42&type=chunk) - The decrease during the period was primarily due to reduced government grant income[42](index=42&type=chunk) [Income Tax](index=18&type=section&id=Income%20Tax) Total income tax expense was approximately RMB 5.3 million, a slight increase mainly due to higher deferred tax deducted from profit or loss during the period - The Group incurred total income tax expense of approximately **RMB 5.3 million** (2024 corresponding period: RMB 5.1 million)[43](index=43&type=chunk) - The slight increase was primarily due to higher deferred tax deducted from profit or loss during the period[43](index=43&type=chunk) [Profit for the Period](index=18&type=section&id=Profit%20for%20the%20Period) Profit attributable to owners of the Company was approximately RMB 17.2 million, with basic earnings per share of RMB 2.02 cents, a decrease from the prior period, partly due to increased finance costs - The Group recorded profit attributable to owners of the Company of approximately **RMB 17.2 million**, or basic earnings per share of **RMB 2.02 cents**[44](index=44&type=chunk) - The decrease in profit for the period was partly due to increased finance costs[44](index=44&type=chunk) [Dividends (Financial Review)](index=18&type=section&id=Dividends%20(Financial%20Review)) The Board has resolved not to declare any interim dividend for the six months ended June 30, 2025 - The Board has resolved not to declare any interim dividend for the six months ended June 30, 2025[45](index=45&type=chunk) [Liquidity and Financial Resources](index=19&type=section&id=Liquidity%20and%20Financial%20Resources) The Group's total equity and cash and cash equivalents increased, net current assets improved, but the net gearing ratio slightly rose; the company has certain capital commitments and some assets are pledged - As of June 30, 2025, total equity was approximately **RMB 844.1 million**, an increase of **2.0%** compared to approximately RMB 827.4 million as of December 31, 2024[46](index=46&type=chunk) - As of June 30, 2025, the Group had cash and cash equivalents of approximately **RMB 110.7 million**, an increase from RMB 83.4 million as of December 31, 2024[48](index=48&type=chunk) - As of June 30, 2025, the Group's net gearing ratio (calculated as total interest-bearing liabilities as a percentage of total assets) was **36.4%**, compared to 35.1% as of December 31, 2024[47](index=47&type=chunk) [Total Equity](index=19&type=section&id=Total%20Equity) As of June 30, 2025, the Group's total equity was approximately RMB 844.1 million, representing a 2.0% increase from December 31, 2024 - As of June 30, 2025, total equity was approximately **RMB 844.1 million**, an increase of **2.0%** compared to approximately RMB 827.4 million as of December 31, 2024[46](index=46&type=chunk) [Financial Position](index=19&type=section&id=Financial%20Position) The Group's net current assets increased from RMB 222.0 million as of December 31, 2024, to RMB 267.0 million as of June 30, 2025, with the net gearing ratio slightly rising to 36.4% Current Assets and Liabilities | Metric | June 30, 2025 (RMB million) | December 31, 2024 (RMB million) | | :--- | :--- | :--- | | Total current assets | 767.3 | 780.9 | | Total current liabilities | 500.3 | 559.0 | | Net current assets | 267.0 | 222.0 | - As of June 30, 2025, the Group's net gearing ratio (calculated as total interest-bearing liabilities as a percentage of total assets) was **36.4%**, compared to 35.1% as of December 31, 2024[47](index=47&type=chunk) [Cash and Cash Equivalents](index=19&type=section&id=Cash%20and%20Cash%20Equivalents) As of June 30, 2025, the Group's cash and cash equivalents were approximately RMB 110.7 million, primarily denominated in RMB - As of June 30, 2025, the Group had cash and cash equivalents of approximately **RMB 110.7 million** (December 31, 2024: RMB 83.4 million), with the majority denominated in RMB[48](index=48&type=chunk) [Bank Borrowings](index=19&type=section&id=Bank%20Borrowings) As of June 30, 2025, the Group's interest-bearing bank borrowings were approximately RMB 704.8 million, with new bank loans of approximately RMB 111.5 million obtained during the year - As of June 30, 2025, the Group's interest-bearing bank borrowings were approximately **RMB 704.8 million** (December 31, 2024: RMB 677.3 million)[49](index=49&type=chunk) - New bank loans of approximately **RMB 111.5 million** were obtained during the year[49](index=49&type=chunk) [Contingent Liabilities](index=19&type=section&id=Contingent%20Liabilities) As of June 30, 2025, the Group had no significant contingent liabilities - As of June 30, 2025, the Group had no significant contingent liabilities[50](index=50&type=chunk) [Capital Commitments](index=19&type=section&id=Capital%20Commitments) As of June 30, 2025, the Group's capital commitments were approximately RMB 121.7 million, partly funded by internal resources and partly by bank borrowings - As of June 30, 2025, the Group's capital commitments were approximately **RMB 121.7 million** (December 31, 2024: RMB 111.2 million)[51](index=51&type=chunk) - Capital commitments are partly funded by internal resources and partly by bank borrowings[51](index=51&type=chunk) [Pledge of Assets](index=20&type=section&id=Pledge%20of%20Assets) Portions of the Group's buildings, plant and machinery, construction in progress, leasehold land, investment properties, and bank deposits are pledged to banks as collateral for bank loans and general banking facilities - The Group's buildings, plant and machinery, and construction in progress of approximately **RMB 516.8 million**, leasehold land of approximately **RMB 77.1 million**, investment properties of approximately **RMB 20.3 million**, and bank deposits of approximately **RMB 44.3 million** have been pledged to banks[52](index=52&type=chunk) [Events After Reporting Period](index=20&type=section&id=Events%20After%20Reporting%20Period) No significant events occurred after the reporting period - There were no significant events after the reporting period[53](index=53&type=chunk) [Human Resources](index=20&type=section&id=Human%20Resources) As of June 30, 2025, the Group employed a total of 730 staff and is committed to enhancing employee quality and capabilities through training and competitive remuneration packages - As of June 30, 2025, the Group employed a total of **730** staff (December 31, 2024: 718 staff)[54](index=54&type=chunk) - The Group is committed to improving the quality, capabilities, and skills of all employees, providing job-related training and competitive remuneration packages[54](index=54&type=chunk) [Exchange Rate Fluctuation Risk and Related Hedging](index=20&type=section&id=Exchange%20Rate%20Fluctuation%20Risk%20and%20Related%20Hedging) Some of the Group's high-end products are sold in the European market, facing exchange loss risks from RMB to USD exchange rate fluctuations, but as most business is settled in RMB, no hedging agreements have been entered into - Some of the Group's high-end products are sold in the European market, and are affected by RMB to USD exchange rate fluctuations, leading to certain exchange losses on some foreign trade orders[55](index=55&type=chunk) - As the Group primarily operates in mainland China and most business transactions are settled in RMB, the Group has not entered into any agreements to hedge against foreign exchange risks[55](index=55&type=chunk) [Significant Changes](index=21&type=section&id=Significant%20Changes) Except as disclosed in the report, there have been no significant changes in the Group's business and financial condition - Save as disclosed above, there have been no significant changes in the development or future development of the Group's business and financial condition[56](index=56&type=chunk) [Major Acquisitions or Disposals](index=21&type=section&id=Major%20Acquisitions%20or%20Disposals) For the six months ended June 30, 2025, the Group had no major acquisitions or disposals of subsidiaries, associates, or joint ventures - There were no major acquisitions or disposals of subsidiaries, associates, or joint ventures for the six months ended June 30, 2025[57](index=57&type=chunk) [Future Prospects](index=21&type=section&id=Future%20Prospects) [Outlook](index=21&type=section&id=Outlook) Facing global challenges, the Group will adhere to its development strategy of 'stable operation, green development, continuous innovation, and pursuit of excellence,' benefiting from new development opportunities brought by national policies - The Group actively responds to national policies, establishing and adhering to the development strategy of 'stable operation, green development, continuous innovation, and pursuit of excellence'[58](index=58&type=chunk) - The National Development and Reform Commission has outlined key tasks for the 2025 national economic and social development plan, and the Group's product development is closely related to national economic development, bringing new opportunities for the industry[58](index=58&type=chunk) [Strategic Initiatives](index=21&type=section&id=Strategic%20Initiatives) The Group will continuously upgrade its business and operating models through strategic initiatives focusing on eco-building materials development, new material R&D, business digitalization, comprehensive deployment of seven major development strategies, industrial park construction, safety management, talent cultivation, internal control, intelligent manufacturing, IP protection, corporate culture, and social responsibility - Vigorously develop eco-building material products, further expand overseas markets, and accelerate the layout of the Chinese building materials market to promote the 'Sijia Supercore' brand[58](index=58&type=chunk) - Strengthen the development of new material businesses while actively researching new products, exploring new application areas, and new markets[58](index=58&type=chunk) - Achieve phased goals of business operation digitalization, efficient horizontal/vertical business synergy, integrated business-finance, and 'refined, profitable, standardized' management[59](index=59&type=chunk) - Comprehensively implement seven major development strategies: talent strategy, safety strategy, green strategy, R&D strategy, digitalization strategy, supply chain management strategy, and cultural strategy[59](index=59&type=chunk) - Establish an Intelligent Manufacturing Technology Research Institute to promote the intelligent and automated transformation of production equipment across the Group's subsidiaries[59](index=59&type=chunk) - Actively fulfill corporate responsibility by participating in rural revitalization initiatives and giving back to local communities[59](index=59&type=chunk) [Other Information](index=23&type=section&id=Other%20Information) [Compliance with Laws and Regulations](index=23&type=section&id=Compliance%20with%20Laws%20and%20Regulations) The Group is committed to complying with relevant laws and regulations, allocating financial and human resources to ensure continuous adherence to applicable rules; during the review period, the Group complied with Listing Rules, SFO, and other relevant laws - The Group is committed to complying with relevant laws and regulations, and has allocated financial and human resources to ensure continuous adherence to applicable rules and regulations[60](index=60&type=chunk) - During the review period, the Group complied with the Listing Rules, Securities and Futures Ordinance, Companies Ordinance, Patent Law of the People's Republic of China, Contract Law of the People's Republic of China, Labor Law, and other relevant laws and regulations[60](index=60&type=chunk) [Standard Code for Securities Transactions by Directors](index=23&type=section&id=Standard%20Code%20for%20Securities%20Transactions%20by%20Directors) The Company's directors have confirmed compliance with the Standard Code for Securities Transactions by Directors as set out in Appendix C3 of the Listing Rules for the six months ended June 30, 2025 - Following specific enquiries made to all Directors, all Directors confirmed that they have complied with the required standards set out in the Standard Code for the six months ended June 30, 2025[61](index=61&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Shares](index=23&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company%27s%20Listed%20Shares) Neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed shares during 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 shares during the six months ended June 30, 2025[62](index=62&type=chunk) [Audit Committee](index=23&type=section&id=Audit%20Committee) The Audit Committee has reviewed the Group's unaudited condensed consolidated financial statements for the six months ended June 30, 2025, deeming them compliant with applicable accounting standards, Listing Rules, and all legal requirements - The Audit Committee has reviewed the accounting principles and practices adopted by the Group with management and discussed matters relating to audit, internal control, and financial reporting[63](index=63&type=chunk) - The Audit Committee has reviewed the Group's unaudited condensed consolidated financial statements for the six months ended June 30, 2025, and is of the opinion that the accounts comply with applicable accounting standards, the Listing Rules, and all legal requirements, and that adequate disclosures have been made[63](index=63&type=chunk) [Suspension of Trading in Shares](index=24&type=section&id=Suspension%20of%20Trading%20in%20Shares) The Company's shares have been suspended from trading on the Stock Exchange since February 14, 2013, and will remain suspended until further notice - The Company's shares have been suspended from trading on the Stock Exchange since **February 14, 2013**, and will continue to be suspended until further notice[64](index=64&type=chunk) [Publication of Interim Results Announcement and Interim Report](index=24&type=section&id=Publication%20of%20Interim%20Results%20Announcement%20and%20Interim%20Report) This interim results announcement has been published on the HKEX and Company websites, and the interim report will be dispatched to shareholders and available on the aforementioned websites in due course - This interim results announcement has been published on the HKEX website (http://www.hkexnews.hk) and the Company's website (http://www.chinalongevity.hk)[65](index=65&type=chunk) - The Company's 2025 interim report will be dispatched to the Company's shareholders and available on the aforementioned websites in due course[65](index=65&type=chunk) [Board of Directors](index=24&type=section&id=Board%20of%20Directors) As of the date of this announcement, the Company's Board of Directors comprises three executive directors (Mr. Liu Jun, Mr. Jiang Shisheng, and Mr. Gao Juwen) and three independent non-executive directors (Mr. Liu Zhenbang, Mr. Lu Jiayu, and Ms. Jiang Ping) - As of the date of this announcement, the Company's Board of Directors comprises three executive directors, namely Mr. Liu Jun, Mr. Jiang Shisheng, and Mr. Gao Juwen; and three independent non-executive directors, namely Mr. Liu Zhenbang, Mr. Lu Jiayu, and Ms. Jiang Ping[67](index=67&type=chunk)

Group 1 - The company, Longtian Group (01863.HK), will hold a board meeting on August 28, 2025, to review and approve its interim results for the six months ending June 30, 2025 [1] - The meeting will also consider the proposal for the distribution of an interim dividend, if any [1]

中國龍天集團有限公司（「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中期業績公告及其刊發，以及考慮派付中期股息 （如有）。 承董事會命 中國龍天集團有限公司 主席兼執行董事 劉俊 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。 CHINA LONGEVITY GROUP COMPANY LIMITED 1863 董事會會議日期 香港，二零二五年八月十四日 於本公告日期，本公司董事會有三位執行董事，其名字為劉俊先生、蔣石生先生及高居 文先生；三位獨立非執行董事，其名字為劉振邦先生、盧佳譽先生及姜萍女士。 ...

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7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: 中國龍天集團有限公司 呈交日期: 2025年8月4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) | 01863 | 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 | | 0.001 | HKD | | 2,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.001 | HKD | | 2,000,000 | 本月底法定/註冊股本 ...

Group 1 - The core viewpoint of the announcement is that China Longtian Group (01863) maintains a stable production, operation, and financial status while continuing to focus on the research and development of new materials and products [1] - The Hong Kong Stock Exchange has confirmed that if the company's securities remain suspended as of July 31, 2019, it reserves the right to delist the company according to rule 6.01A(2)(b)(ii) until further notice [1] - As of the date of the announcement, the company has not received any notification from the Stock Exchange regarding the delisting process [1]