香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司任何證券之邀請或要約。 Acme International Holdings Limited 益 美 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1870） 根據一般授權配售新股份 配售事項之配售代理 根據一般授權配售新股份 董事會欣然宣佈，於2025年8月28日（聯交所交易時段後），本公司與配售代理訂 立配售協議，據此，配售代理已有條件同意作為本公司代理，按盡力基準促使不 少於六名承配人（彼等及其最終實益擁有人須為獨立第三方）按配售價每股配售 股份0.238港元認購最多50,000,000股配售股份。 最多50,000,000股配售股份相當於(i)於本公告日期之本公司現有已發行股本約 5.34%；及(ii)經配發及發行配售股份擴大之本公司已發行股本約5.06%，假設於 本公告日期至配發及發行配售股份期間本公司已發行股本並無 ...

Group 1 - The core viewpoint of the article is that Yimei International Holdings (01870) reported a significant decline in its interim performance for the six months ending June 30, 2025, with a revenue of HKD 67.377 million, representing a year-on-year decrease of 19.72% [1] - The company experienced a shareholder loss of HKD 22.761 million, contrasting with a profit of HKD 4.624 million in the same period last year, indicating a shift from profit to loss [1] - The basic loss per share was reported at HKD 0.0331 [1]

Group 1 - The company reported interim results for the six months ending June 30, 2025, with revenue of HKD 67.377 million, representing a year-on-year decrease of 19.72% [1] - The company experienced a loss attributable to shareholders of HKD 22.761 million, compared to a profit of HKD 4.624 million in the same period last year, indicating a significant shift from profit to loss [1] - The basic loss per share was HKD 0.0331 [1]

Core Viewpoint - Yimei International Holdings (01870.HK) reported a significant decline in mid-term performance for the first half of 2025, with revenues dropping by 19.72% year-on-year and a shift from profit to loss [1] Financial Performance - The company's revenue for the first half of 2025 was HKD 67.377 million, a decrease of 19.72% compared to the previous year [1] - The company recorded a loss of HKD 24.39 million during the period, contrasting with a profit of HKD 4.478 million in the same period last year [1] Business Segments - The decline in revenue was primarily attributed to a decrease in earnings from the permanent suspension of the vessel business [1] - Additionally, the Shandong electricity trading business reported a negative income due to accounting standards reflecting net income between electricity users and suppliers [1]

[Announcement and Company Overview](index=1&type=section&id=1.%20Announcement%20and%20Company%20Overview) [Disclaimer](index=1&type=section&id=1.1%20Disclaimer) Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited are not responsible for the contents of this announcement, make no representation, and accept no liability for any loss arising from reliance on its contents - HKEX is not responsible for the content of this announcement, makes no statement, and assumes no liability [1](index=1&type=chunk) [Company Information](index=1&type=section&id=1.2%20Company%20Information) Acme International Holdings Limited (Stock Code: 1870) announced its interim results for the six months ended June 30, 2025 - The company name is Acme International Holdings Limited, Stock Code **1870** [2](index=2&type=chunk) - The announcement is for the interim results for the six months ended June 30, 2025 [2](index=2&type=chunk) [Financial Highlights](index=1&type=section&id=1.3%20Financial%20Highlights) For the six months ended June 30, 2025, the company reported revenue of HK$67,377 thousand, gross profit of HK$1,877 thousand, and a loss for the period of HK$24,390 thousand, with the debt-to-asset ratio significantly decreasing from 78.6% to 37.7% Key Financial Data for the Six Months Ended June 30 | Metric | 2025 (HK$ '000) | 2024 (HK$ '000) | | :--- | :--- | :--- | | Revenue | 67,377 | 83,932 | | Gross Profit | 1,877 | 20,872 | | Loss/Profit for the Period | (24,390) | 4,478 | Debt-to-Asset Ratio | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Debt-to-Asset Ratio | 37.7% | 78.6% | [Interim Results Report](index=2&type=section&id=2.%20Interim%20Results%20Report) [Interim Condensed Consolidated Statement of Profit or Loss](index=2&type=section&id=2.1%20Interim%20Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss) For the six months ended June 30, 2025, the company's revenue decreased by 19.7% year-on-year to HK$67,377 thousand, gross profit significantly dropped by 91.0% to HK$1,877 thousand, and the company turned from a profit of HK$4,478 thousand to a loss of HK$24,390 thousand, with basic loss per share of 3.31 HK cents Interim Condensed Consolidated Statement of Profit or Loss (Key Metrics) | Metric | 2025 (HK$ '000) | 2024 (HK$ '000) | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | 67,377 | 83,932 | -19.7% | | Cost of Sales | (65,500) | (63,060) | +3.9% | | Gross Profit | 1,877 | 20,872 | -91.0% | | Operating Loss/Profit | (21,666) | 7,870 | Turn from profit to loss | | Loss/Profit for the Period | (24,390) | 4,478 | Turn from profit to loss | | Loss/Profit attributable to owners of the Company | (22,761) | 4,624 | Turn from profit to loss | | Basic Loss/Earnings Per Share (HK cents) | (3.31) | 0.74 | Turn from profit to loss | [Interim Condensed Consolidated Statement of Comprehensive Income](index=3&type=section&id=2.2%20Interim%20Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) For the six months ended June 30, 2025, the company's total comprehensive loss was HK$23,279 thousand, primarily due to the loss for the period, partially offset by positive exchange differences from overseas operations Interim Condensed Consolidated Statement of Comprehensive Income (Key Metrics) | Metric | 2025 (HK$ '000) | 2024 (HK$ '000) | | :--- | :--- | :--- | | Loss/Profit for the Period | (24,390) | 4,478 | | Exchange differences on translation of overseas operations | 1,111 | (75) | | Total comprehensive loss/income for the Period | (23,279) | 4,403 | [Interim Condensed Consolidated Statement of Financial Position](index=4&type=section&id=2.3%20Interim%20Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the company's total assets were HK$244,553 thousand, total liabilities HK$107,705 thousand, and total equity HK$136,848 thousand, with a significant decrease in non-current liabilities and an increase in current liabilities Interim Condensed Consolidated Statement of Financial Position (Key Metrics) | Metric | June 30, 2025 (HK$ '000) | December 31, 2024 (HK$ '000) | Change | | :--- | :--- | :--- | :--- | | **Assets** | | | | | Non-current assets | 49,414 | 42,147 | +17.2% | | Current assets | 195,139 | 209,024 | -6.7% | | **Total Assets** | **244,553** | **251,171** | **-2.6%** | | **Equity** | | | | | Capital and reserves attributable to owners of the Company | 135,062 | 108,088 | +25.0% | | Total Equity | 136,848 | 111,273 | +23.0% | | **Liabilities** | | | | | Non-current liabilities | 5,839 | 68,992 | -91.5% | | Current liabilities | 101,866 | 70,906 | +43.7% | | **Total Liabilities** | **107,705** | **139,898** | **-23.0%** | [Notes to the Interim Condensed Consolidated Financial Information](index=6&type=section&id=3.%20Notes%20to%20the%20Interim%20Condensed%20Consolidated%20Financial%20Information) [General Information](index=6&type=section&id=3.1%20General%20Information) Acme International Holdings Limited, incorporated in the Cayman Islands, primarily engages in AI+power trading services, renewable energy solution technology services, green power energy generation and storage systems, and permanent gondola design and construction businesses - The Company was incorporated in the Cayman Islands and is an investment holding company [9](index=9&type=chunk) - Principal activities include AI+power trading services, renewable energy solution technology services, green power energy generation and storage systems (Green Power Energy Business), and permanent gondola design and construction (Permanent Gondola Business) [9](index=9&type=chunk) - The Company's shares are listed on the Main Board of the Stock Exchange of Hong Kong [10](index=10&type=chunk) [Basis of Preparation and Summary of Significant Accounting Policies](index=6&type=section&id=3.2%20Basis%20of%20Preparation%20and%20Summary%20of%20Significant%20Accounting%20Policies) The interim condensed consolidated financial information is prepared in accordance with HKAS 34 and Appendix D2 of the Listing Rules, using the historical cost convention, consistent with 2024 annual financial statements' accounting policies, with no material impact from income tax estimates or new HKFRS adoptions - The financial information is prepared in accordance with HKAS 34 and Appendix D2 of the Listing Rules [12](index=12&type=chunk) - The accounting policies adopted are consistent with those of the 2024 annual consolidated financial statements, and newly adopted standards have no material impact on financial performance [12](index=12&type=chunk) [Revenue and Segment Information](index=7&type=section&id=3.3%20Revenue%20and%20Segment%20Information) The Group's operating segments are determined by executive directors based on reviewed information, primarily divided into Green Power Energy Business and Permanent Gondola Business, with revenue segmented by customer geography, where Hong Kong remains the main market but New Zealand's contribution significantly increased - Operating segments are determined by executive directors, responsible for resource allocation and performance assessment [13](index=13&type=chunk) - Principal businesses are categorized into Green Power Energy Business and Permanent Gondola Business [18](index=18&type=chunk) - Unallocated corporate expenses increased to **HK$7,869 thousand** in the first half of 2025 (first half of 2024: HK$4,504 thousand) [15](index=15&type=chunk) [Revenue by Geographical Location of Customers](index=7&type=section&id=3.3.1%20Revenue%20by%20Geographical%20Location%20of%20Customers) As of June 30, 2025, revenue from Hong Kong significantly decreased, while New Zealand contributed new revenue of HK$26,577 thousand, and Shandong, China, recorded negative revenue Revenue by Geographical Location of Customers | Region | 2025 (HK$ '000) | 2024 (HK$ '000) | YoY Change | | :--- | :--- | :--- | :--- | | Hong Kong | 41,563 | 76,196 | -45.4% | | Macau | 1,490 | 1,377 | +8.2% | | Guangdong | 7,331 | 4,609 | +59.0% | | Shandong | (10,309) | 1,339 | Turn from positive to negative | | New Zealand | 26,577 | – | New | | Total | 67,377 | 83,932 | -19.7% | [Segment Results, Assets and Liabilities](index=8&type=section&id=3.3.2%20Segment%20Results,%20Assets%20and%20Liabilities) Green Power Energy Business revenue significantly grew but segment results turned from profit to loss; Permanent Gondola Business revenue and segment profit both substantially decreased, with Green Power Energy Business assets and liabilities increasing, while Permanent Gondola Business assets and liabilities decreased Segment Revenue and Results | Metric | Green Power Energy Business (2025) | Green Power Energy Business (2024) | Permanent Gondola Business (2025) | Permanent Gondola Business (2024) | | :--- | :--- | :--- | :--- | :--- | | Revenue (HK$ '000) | 24,324 | 6,359 | 43,053 | 77,573 | | Segment Results (HK$ '000) | (17,292) | 542 | 3,310 | 11,832 | Segment Assets and Liabilities | Metric | Green Power Energy Business (June 30, 2025) | Green Power Energy Business (Dec 31, 2024) | Permanent Gondola Business (June 30, 2025) | Permanent Gondola Business (Dec 31, 2024) | | :--- | :--- | :--- | :--- | :--- | | Segment Assets (HK$ '000) | 29,179 | 22,098 | 138,427 | 155,888 | | Segment Liabilities (HK$ '000) | 28,939 | 13,284 | 28,467 | 40,782 | [Cost of Sales and Administrative Expenses](index=10&type=section&id=3.4%20Cost%20of%20Sales%20and%20Administrative%20Expenses) For the six months ended June 30, 2025, cost of sales increased to HK$65,500 thousand, and administrative expenses significantly rose to HK$27,137 thousand, primarily due to increased material and staff costs in the Green Power Energy Business and subcontracting fees in the Permanent Gondola Business Cost of Sales and Administrative Expenses | Metric | 2025 (HK$ '000) | 2024 (HK$ '000) | YoY Change | | :--- | :--- | :--- | :--- | | Cost of Sales | 65,500 | 63,060 | +3.9% | | Administrative Expenses | 27,137 | 12,744 | +113.0% | | Total | 92,637 | 75,804 | +22.2% | - Cost of sales for the Green Power Energy Business primarily includes material costs and staff costs [23](index=23&type=chunk) - Cost of sales for the Permanent Gondola Business primarily includes construction material costs, subcontracting fees, staff costs, testing fees, insurance premiums, and transportation expenses [23](index=23&type=chunk) [Income Tax Expense](index=11&type=section&id=3.5%20Income%20Tax%20Expense) For the six months ended June 30, 2025, income tax expense was HK$478 thousand, a significant decrease from HK$1,845 thousand in the prior period, mainly due to the positive impact of deferred income tax, with varying tax rates across operating regions and preferential rates for some Chinese subsidiaries Income Tax Expense | Metric | 2025 (HK$ '000) | 2024 (HK$ '000) | YoY Change | | :--- | :--- | :--- | :--- | | Current Income Tax | 1,126 | 1,853 | -39.3% | | Deferred Income Tax | (648) | (8) | Significant change | | Total | 478 | 1,845 | -74.1% | - Applicable tax rates for subsidiaries in Hong Kong, China, Macau, and New Zealand are **16.5%**, **25%**, **12%**, and **28%** respectively [24](index=24&type=chunk) - Certain Chinese subsidiaries are approved as small-profit enterprises, enjoying a **5%** preferential income tax rate [24](index=24&type=chunk) [Dividends](index=11&type=section&id=3.6%20Dividends) The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025 - The Board does not recommend the payment of an interim dividend for the first half of 2025 [26](index=26&type=chunk) [Loss/Earnings Per Share](index=11&type=section&id=3.7%20Loss%2FEarnings%20Per%20Share) For the six months ended June 30, 2025, basic loss per share was 3.31 HK cents, compared to earnings per share of 0.74 HK cents in the prior period, primarily due to the turn from profit to loss, with no potential dilutive shares in either period Loss/Earnings Per Share | Metric | 2025 (HK cents) | 2024 (HK cents) | | :--- | :--- | :--- | | Basic Loss/Earnings Per Share | (3.31) | 0.74 | - For the six months ended June 30, 2025, the loss attributable to owners of the Company was **HK$22,761 thousand** [28](index=28&type=chunk) - As of June 30, 2025, there were no potential dilutive shares, and diluted loss/earnings per share was the same as basic loss/earnings per share [29](index=29&type=chunk) [Trade and Retention Receivables](index=12&type=section&id=3.8%20Trade%20and%20Retention%20Receivables) As of June 30, 2025, total trade and retention receivables were HK$37,350 thousand, an increase from December 31, 2024, with significant growth in trade receivables and a slight decrease in retention receivables Trade and Retention Receivables | Metric | June 30, 2025 (HK$ '000) | December 31, 2024 (HK$ '000) | Change | | :--- | :--- | :--- | :--- | | Trade Receivables | 25,008 | 18,371 | +36.1% | | Retention Receivables | 13,388 | 15,283 | -12.4% | | Less: Loss Allowance | (1,046) | (1,027) | +1.8% | | Total | 37,350 | 32,627 | +14.4% | - Among trade receivables, the 0-30 day aging period accounted for the largest portion, at **HK$14,097 thousand** [31](index=31&type=chunk) - Among retention receivables, the amount to be recovered more than 12 months after the period end was **HK$8,648 thousand** [32](index=32&type=chunk) [Contract Assets/Liabilities](index=13&type=section&id=3.9%20Contract%20Assets%2FLiabilities) As of June 30, 2025, total contract assets were HK$61,948 thousand, a decrease from December 31, 2024, primarily due to reduced contract assets in the Permanent Gondola Business, while total contract liabilities significantly increased to HK$14,279 thousand Contract Assets/Liabilities | Metric | June 30, 2025 (HK$ '000) | December 31, 2024 (HK$ '000) | Change | | :--- | :--- | :--- | :--- | | **Contract Assets** | | | | | Green Power Energy Business | 2,853 | 1,208 | +136.2% | | Permanent Gondola Business | 59,677 | 86,783 | -31.2% | | Less: Loss Allowance | (582) | (867) | -32.9% | | **Total Contract Assets** | **61,948** | **87,124** | **-29.0%** | | **Contract Liabilities** | | | | | Green Power Energy Business | 4,526 | 2,481 | +82.4% | | Permanent Gondola Business | 9,753 | 5,410 | +80.3% | | **Total Contract Liabilities** | **14,279** | **7,891** | **+80.9%** | [Share Capital](index=13&type=section&id=3.10%20Share%20Capital) As of June 30, 2025, the company's issued and fully paid share capital increased to 937,170,000 shares, with a share capital amount of HK$9,372 thousand, primarily due to the placement and subscription of new shares Share Capital Movement | Event | Number of Ordinary Shares (thousands) | Share Capital (HK$ '000) | | :--- | :--- | :--- | | January 1, 2024, December 31, 2024, and January 1, 2025 | 624,000 | 6,240 | | Placement of new shares | 124,800 | 1,248 | | Subscription of new shares | 188,370 | 1,884 | | **June 30, 2025** | **937,170** | **9,372** | - On April 8, 2025, the placement of **124,800,000 new shares** was completed, with total proceeds of **HK$17,222,400** [34](index=34&type=chunk) - On June 26, 2025, the subscription of **188,370,000 new shares** was completed, with proceeds of **HK$32,399,640** settled by offsetting part of the loan, resulting in no cash proceeds [35](index=35&type=chunk) [Trade and Retention Payables](index=14&type=section&id=3.11%20Trade%20and%20Retention%20Payables) As of June 30, 2025, total trade and retention payables were HK$32,493 thousand, a slight decrease from December 31, 2024, with a change in the aging structure of trade payables, where the 0-30 day aging period significantly increased Trade and Retention Payables | Metric | June 30, 2025 (HK$ '000) | December 31, 2024 (HK$ '000) | Change | | :--- | :--- | :--- | :--- | | Trade Payables | 28,611 | 31,090 | -8.0% | | Retention Payables | 3,882 | 3,524 | +10.2% | | **Total** | **32,493** | **34,614** | **-6.2%** | - The credit period for most trade payables is **30 days** from the invoice date [37](index=37&type=chunk) - As of June 30, 2025, trade payables with an aging of 0 to 30 days amounted to **HK$22,764 thousand**, representing a significant increase in proportion [37](index=37&type=chunk) [Management Discussion and Analysis](index=16&type=section&id=4.%20Management%20Discussion%20and%20Analysis) [Business Review and Outlook](index=16&type=section&id=4.1%20Business%20Review%20and%20Outlook) During the period, the Group's revenue decreased by 19.7% year-on-year to HK$67.4 million, recording a net loss of HK$24.4 million, with the Green Power Energy Business's revenue contribution significantly rising to 36% of total revenue, while the Permanent Gondola Business's contribution decreased to 64%, indicating a strategic shift towards green energy - Revenue for the period was approximately **HK$67.4 million**, a year-on-year decrease of **19.7%** [39](index=39&type=chunk) - A net loss of approximately **HK$24.4 million** was recorded for the period, compared to a net profit of approximately HK$4.5 million in the prior period [39](index=39&type=chunk) - The revenue contribution from the Green Power Energy Business increased to **36%** of total revenue, while the Permanent Gondola Business decreased to **64%** [46](index=46&type=chunk) [Green Power Energy Business](index=16&type=section&id=4.1.1%20Green%20Power%20Energy%20Business) New Zealand's renewable energy business performed well with nearly 20% revenue growth, aligning with expansion strategy despite a slight loss, while AI+power trading in Guangdong continued to grow, but Shandong recorded negative revenue due to abnormal wholesale power price fluctuations, with future policy improvements expected to drive recovery - Revenue from New Zealand subsidiary Future Energy Auckland Limited was approximately **HK$26.6 million**, an increase of nearly **20%** compared to the second half of last year [40](index=40&type=chunk) - Revenue from Guangdong AI+power trading business increased to approximately **HK$7.3 million** (prior period 2024: HK$4.6 million) [41](index=41&type=chunk) - Shandong power trading business recorded a **negative revenue of approximately HK$10.3 million**, primarily due to abnormal fluctuations in medium-to-long-term wholesale power prices leading to increased procurement costs [41](index=41&type=chunk)[42](index=42&type=chunk) - Traded electricity volume in Shandong increased from approximately **131,000 MWh** in the prior period to approximately **1,059,000 MWh** in the current period, indicating increased market activity [42](index=42&type=chunk) - Looking ahead, Shandong's power trading business is expected to improve as new energy suppliers gradually participate in the trading market, allowing for procurement of lower-cost new energy power [43](index=43&type=chunk) [Permanent Gondola Business](index=17&type=section&id=4.1.2%20Permanent%20Gondola%20Business) Due to challenging investment environment, project delays, and fewer new investment properties, Permanent Gondola Business activities decreased, with revenue falling by 44.5% year-on-year to HK$43.1 million and segment profit by 72.0% to HK$3.3 million, prompting the company to optimize internal processes and strengthen risk management - Permanent Gondola Business activities decreased, primarily due to a challenging investment environment, leading to project delays and a reduction in new investment property projects [44](index=44&type=chunk) - Revenue from Permanent Gondola Business decreased by approximately **44.5%** to approximately **HK$43.1 million** (prior period 2024: HK$77.6 million) [45](index=45&type=chunk) - Segment profit from Permanent Gondola Business decreased by approximately **72.0%** to approximately **HK$3.3 million** (prior period 2024: HK$11.8 million) [45](index=45&type=chunk) [Expansion of Green Power Energy Business in Southeast Asia](index=18&type=section&id=4.1.3%20Expansion%20of%20Green%20Power%20Energy%20Business%20in%20Southeast%20Asia) The Group plans to focus on expanding its Green Power Energy Business in Southeast Asian regions like the Philippines and Vietnam, aiming for a total installed capacity of 10-20 GW within five years to become a major local green power producer, addressing local power shortages and seizing economic development opportunities - Plans to expand Green Power Energy Business in Southeast Asian regions such as the Philippines and Vietnam [46](index=46&type=chunk) - Aims for a total installed capacity of **10-20 GW** within the next five years, becoming a major local green power producer [46](index=46&type=chunk) - The revenue contribution from the Green Power Energy Business increased to approximately **36%** of total revenue, while the Permanent Gondola Business decreased to approximately **64%**, indicating a shift in business focus [46](index=46&type=chunk) [Financial Review](index=18&type=section&id=4.2%20Financial%20Review) During the period, the Group's revenue decreased by 19.7%, with gross profit and margin significantly declining due to lower Permanent Gondola Business profitability and negative revenue from Shandong power trading, administrative expenses rose sharply due to the New Zealand business acquisition, and net finance costs increased due to higher borrowings, ultimately resulting in a net loss for the period [Revenue](index=18&type=section&id=4.2.1%20Revenue) Revenue for the period was approximately HK$67.4 million, a 19.7% year-on-year decrease, primarily due to reduced revenue from the Permanent Gondola Business and negative revenue from the Shandong power trading business Revenue Breakdown by Business Segment and Geographical Region | Business Segment/Region | 2025 (HK$ '000) | 2024 (HK$ '000) | YoY Change | | :--- | :--- | :--- | :--- | | Permanent Gondola Business | 43,053 | 77,573 | -44.5% | | Green Power Energy Business - Professional Technical Services | 26,577 | – | New | | Green Power Energy Business - AI+Power Trading | (2,253) | 5,948 | Turn from profit to loss | | Green Power Energy Business - Others | – | 411 | -100% | | **Total** | **67,377** | **83,932** | **-19.7%** | - Shandong power trading business recorded a **negative revenue of approximately HK$10.3 million**, while Guangdong recorded **HK$7.3 million** [48](index=48&type=chunk) [Gross Profit and Gross Profit Margin](index=19&type=section&id=4.2.2%20Gross%20Profit%20and%20Gross%20Profit%20Margin) Gross profit and gross profit margin for the period decreased from approximately HK$20.9 million and 24.9% to approximately HK$1.9 million and 2.8% respectively, primarily attributable to reduced profitability in the Permanent Gondola Business and negative revenue from the Shandong power trading business Gross Profit and Gross Profit Margin | Metric | 2025 | 2024 | YoY Change | | :--- | :--- | :--- | :--- | | Gross Profit (HK$ '000) | 1,877 | 20,900 | -91.0% | | Gross Profit Margin | 2.8% | 24.9% | -22.1 percentage points | [Other Income/(Losses) Net](index=19&type=section&id=4.2.3%20Other%20Income%2F(Losses)%20Net) Net other income for the period primarily consisted of exchange differences, attributable to realized exchange gains from the purchase of permanent gondolas from Spain - Net other income primarily consisted of exchange differences, arising from realized exchange gains on the purchase of permanent gondolas from Spain [50](index=50&type=chunk) [Administrative Expenses](index=20&type=section&id=4.2.4%20Administrative%20Expenses) Administrative expenses significantly increased to approximately HK$27.1 million (prior period 2024: HK$12.7 million), primarily due to the development of the Green Power Energy Business, including the consolidation of administrative expenses after the acquisition of the New Zealand renewable energy business Administrative Expenses | Metric | 2025 (HK$ '000) | 2024 (HK$ '000) | YoY Change | | :--- | :--- | :--- | :--- | | Administrative Expenses | 27,137 | 12,744 | +113.0% | - The increase in administrative expenses was primarily due to the development of the Green Power Energy Business, including the consolidation of expenses after the acquisition of the New Zealand renewable energy business [51](index=51&type=chunk) [Finance Income and Finance Costs](index=20&type=section&id=4.2.5%20Finance%20Income%20and%20Finance%20Costs) Net finance costs for the period increased from approximately HK$1.5 million in the prior period of 2024 to approximately HK$2.2 million, primarily due to an increase in borrowings drawn by the Company Net Finance Costs | Metric | 2025 (HK$ '000) | 2024 (HK$ '000) | YoY Change | | :--- | :--- | :--- | :--- | | Net Finance Costs | (2,246) | (1,547) | +45.2% | - The increase in net finance costs was primarily due to an increase in borrowings drawn by the Company [52](index=52&type=chunk) [Income Tax Expense](index=20&type=section&id=4.2.6%20Income%20Tax%20Expense) Income tax expense for the period was HK$478 thousand, with different tax rates applicable across operating regions and preferential rates for some Chinese subsidiaries Income Tax Expense | Metric | 2025 (HK$ '000) | 2024 (HK$ '000) | | :--- | :--- | :--- | | Income Tax Expense | 478 | 1,845 | - Applicable tax rates for subsidiaries in Hong Kong, China, Macau, and New Zealand are 16.5%, 25%, 12%, and 28% respectively, with some Chinese subsidiaries enjoying a preferential tax rate of 5% [53](index=53&type=chunk) [Net Loss/Profit for the Period](index=20&type=section&id=4.2.7%20Net%20Loss%2FProfit%20for%20the%20Period) A net loss of approximately HK$24.4 million was recorded for the period, primarily attributable to reduced profitability from permanent gondola installations, negative revenue from Shandong power trading, and increased expenses for developing the Green Power Energy Business Net Loss/Profit for the Period | Metric | 2025 (HK$ '000) | 2024 (HK$ '000) | | :--- | :--- | :--- | | Net Loss/Profit for the Period | (24,390) | 4,478 | - The loss was primarily attributable to reduced profitability from permanent gondola installations, negative revenue from Shandong power trading, and increased expenses for developing the Green Power Energy Business [54](index=54&type=chunk) [Liquidity, Financial Resources and Capital Structure](index=21&type=section&id=4.3%20Liquidity,%20Financial%20Resources%20and%20Capital%20Structure) As of June 30, 2025, the Group's monetary assets slightly decreased, but total borrowings significantly dropped due to loan capitalization, leading to a substantial improvement in the debt-to-asset ratio from 78.6% to 37.7%, resulting in a net cash position [Monetary Assets and Borrowings](index=21&type=section&id=4.3.1%20Monetary%20Assets%20and%20Borrowings) As of June 30, 2025, monetary assets decreased to approximately HK$63.6 million, and total borrowings significantly reduced to approximately HK$41.6 million, primarily due to the capitalization of part of the loan through subscription Monetary Assets and Borrowings | Metric | June 30, 2025 (HK$ '000) | December 31, 2024 (HK$ '000) | Change | | :--- | :--- | :--- | :--- | | Monetary Assets | 63,600 | 67,900 | -6.4% | | Total Borrowings | 41,600 | 79,700 | -47.8% | - Loan balance with shareholder Mr. Kwan Kam Tim was approximately **HK$38.8 million**, with an annual interest rate of **6%** [55](index=55&type=chunk) - Loan with shareholder Treasure Ship Holding Limited was approximately **HK$0.3 million**, primarily due to the capitalization of **HK$32,399,640** of the loan through the subscription [56](index=56&type=chunk)[57](index=57&type=chunk) [Net Debt-to-Equity Ratio and Debt-to-Asset Ratio](index=22&type=section&id=4.3.2%20Net%20Debt-to-Equity%20Ratio%20and%20Debt-to-Asset%20Ratio) As of June 30, 2025, the Group was in a net cash position, with the debt-to-asset ratio significantly decreasing from 78.6% on December 31, 2024, to 37.7%, primarily due to reduced borrowings from loan capitalization Leverage Ratios | Metric | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Net Debt-to-Equity Ratio | Net cash position | 20.2% | Significant improvement | | Debt-to-Asset Ratio | 37.7% | 78.6% | Decrease of 40.9 percentage points | - The improvement in the debt-to-asset ratio was primarily due to the capitalization of loans through the subscription, leading to reduced borrowings [59](index=59&type=chunk) [Treasury Policy](index=22&type=section&id=4.3.3%20Treasury%20Policy) The Group adopts a prudent financial management strategy, closely monitoring its liquidity position to ensure sufficient cash for business operations and development - Adopts a prudent financial management strategy to maintain a sound liquidity position [60](index=60&type=chunk) - The Board closely monitors the liquidity position to ensure funding requirements are met [60](index=60&type=chunk) [Foreign Exchange Risk and Hedging](index=22&type=section&id=4.3.4%20Foreign%20Exchange%20Risk%20and%20Hedging) The Group primarily operates in Hong Kong, Macau, China, and New Zealand, with most transactions denominated in local currencies, resulting in immaterial foreign exchange risk, and no derivative instruments were used for hedging during the period - Principal operating regions are Hong Kong, Macau, China, and New Zealand, with most transactions denominated in local currencies [61](index=61&type=chunk) - The Directors consider foreign exchange risk to be immaterial, and no derivative instruments were used for hedging during the period [61](index=61&type=chunk) [Placement of New Shares Under General Mandate](index=22&type=section&id=4.3.5%20Placement%20of%20New%20Shares%20Under%20General%20Mandate) On April 8, 2025, the company completed the placement of 124,800,000 new shares at HK$0.138 per share, raising net proceeds of approximately HK$16.4 million, to be used for expanding New Zealand renewable energy business, China power trading business, and general working capital - On April 8, 2025, the placement of **124,800,000 new shares** was completed at a placement price of **HK$0.138 per share** [62](index=62&type=chunk) - Net proceeds from the placement amounted to approximately **HK$16.4 million** [62](index=62&type=chunk) - Proceeds are intended for expanding the New Zealand renewable energy business, China power trading business, and general working capital [63](index=63&type=chunk)[66](index=66&type=chunk) [Subscription of New Shares Under Specific Mandate](index=23&type=section&id=4.3.6%20Subscription%20of%20New%20Shares%20Under%20Specific%20Mandate) On June 26, 2025, the company allotted and issued 188,370,000 new shares to Treasure Ship Holding Limited at a subscription price of HK$0.172 per share, with the subscription consideration settled by offsetting part of the loan payable to Treasure Ship, resulting in no cash proceeds - On June 26, 2025, **188,370,000 new shares** were allotted and issued to Treasure Ship at a subscription price of **HK$0.172 per share** [63](index=63&type=chunk) - The subscription consideration was settled by offsetting part of the loan payable by the Company to Treasure Ship, resulting in no cash proceeds [63](index=63&type=chunk) [Material Acquisitions and Disposals](index=23&type=section&id=4.4%20Material%20Acquisitions%20and%20Disposals) During the period, the Group did not make any material acquisitions or disposals of assets, subsidiaries, associates, or joint ventures - There were no material acquisitions or disposals during the period [64](index=64&type=chunk) [Major Investments Held](index=23&type=section&id=4.5%20Major%20Investments%20Held) As of June 30, 2025, the Group held no major equity investments other than investments in subsidiaries - Other than investments in subsidiaries, there were no other major equity investments [65](index=65&type=chunk) [Future Plans for Material Investments or Capital Assets](index=24&type=section&id=4.6%20Future%20Plans%20for%20Material%20Investments%20or%20Capital%20Assets) Other than those disclosed, as of June 30, 2025, the Group had no plans to acquire any material investments or capital assets - Other than those disclosed, there are no plans to acquire material investments or capital assets [67](index=67&type=chunk) [Pledge of Assets](index=24&type=section&id=4.7%20Pledge%20of%20Assets) As of June 30, 2025, approximately HK$12.0 million in pledged and restricted deposits, HK$3.0 million in other non-current assets, and HK$23.7 million in property, plant, and equipment were pledged as collateral for bank financing Pledged Assets | Asset Type | June 30, 2025 (HK$ '000) | December 31, 2024 (HK$ '000) | | :--- | :--- | :--- | | Pledged and Restricted Deposits | 12,000 | 5,400 | | Other Non-current Assets | 3,000 | 3,000 | | Property, Plant and Equipment | 23,700 | 24,300 | [Capital Commitments and Contingent Liabilities](index=24&type=section&id=4.8%20Capital%20Commitments%20and%20Contingent%20Liabilities) As of June 30, 2025, the Group's contingent liabilities primarily included performance guarantees of HK$15,012 thousand and performance bond insurance contracts of HK$36,141 thousand, totaling HK$51,153 thousand, a significant increase from December 31, 2024, with no material capital commitments Contingent Liabilities | Metric | June 30, 2025 (HK$ '000) | December 31, 2024 (HK$ '000) | Change | | :--- | :--- | :--- | :--- | | Performance Guarantees | 15,012 | 13,715 | +9.5% | | Performance Bond Insurance Contracts | 36,141 | 16,907 | +113.8% | | **Total** | **51,153** | **30,622** | **+67.0%** | - Performance guarantees primarily relate to construction contracts, while performance bond insurance contracts relate to the Green Power Energy Business [71](index=71&type=chunk) - The Group has no material capital commitments [70](index=70&type=chunk) [Corporate Governance and Other Information](index=25&type=section&id=5.%20Corporate%20Governance%20and%20Other%20Information) [Employees and Remuneration Policy](index=25&type=section&id=5.1%20Employees%20and%20Remuneration%20Policy) As of June 30, 2025, the Group had 137 full-time employees, with remuneration policies determined by market terms, individual value, performance, and experience, complemented by discretionary bonuses and share option schemes to reward contributions - As of June 30, 2025, the Group had **137 full-time employees** [72](index=72&type=chunk) - Remuneration is determined by market terms and individual value, reviewed annually [72](index=72&type=chunk) - Discretionary bonuses and share option schemes are in place [72](index=72&type=chunk) [Corporate Governance Practices](index=25&type=section&id=5.2%20Corporate%20Governance%20Practices) The Group is committed to maintaining high standards of corporate governance, having adopted the Corporate Governance Code in Appendix C1 Part 2 of the Listing Rules, and confirmed compliance with all applicable code provisions during the period - The Corporate Governance Code set out in Appendix C1 Part 2 of the Listing Rules has been adopted [73](index=73&type=chunk) - Confirmed compliance with all applicable code provisions during the period [73](index=73&type=chunk) [Material Events After Reporting Period](index=25&type=section&id=5.3%20Material%20Events%20After%20Reporting%20Period) The Company intends to conduct a placement of new shares under general mandate to raise additional funds for supporting its China AI+power trading business and supplementing general working capital, but the placement agreement has not yet been entered into, posing uncertainty - Intends to conduct a placement of new shares under general mandate to raise funds for supporting the China AI+power trading business and supplementing general working capital [74](index=74&type=chunk) - The placement agreement has not yet been entered into, terms are not finalized, and uncertainty exists [74](index=74&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=26&type=section&id=5.4%20Purchase,%20Sale%20or%20Redemption%20of%20the%20Company's%20Listed%20Securities) During the period and up to the date of this announcement, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities - During the period and up to the announcement date, neither the Company nor its subsidiaries purchased, sold, or redeemed any listed securities [76](index=76&type=chunk) [Model Code for Securities Transactions](index=26&type=section&id=5.5%20Model%20Code%20for%20Securities%20Transactions) The Company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers as set out in Appendix C3 of the Listing Rules, and all Directors confirmed compliance with the code during the period after due enquiry - The Model Code set out in Appendix C3 of the Listing Rules has been adopted [77](index=77&type=chunk) - All Directors confirmed compliance with the Model Code during the period [77](index=77&type=chunk) [Interim Dividend](index=26&type=section&id=5.6%20Interim%20Dividend) The Board does not recommend the payment of any interim dividend for the period - The Board does not recommend the payment of an interim dividend for the period [78](index=78&type=chunk) [Audit Committee](index=26&type=section&id=5.7%20Audit%20Committee) The Audit Committee comprises three independent non-executive directors and has reviewed the Group's unaudited interim condensed consolidated financial information for the period - The Audit Committee comprises three independent non-executive directors, with Professor Mo Lai Lan as Chairman [79](index=79&type=chunk) - The Audit Committee has reviewed the unaudited interim condensed consolidated financial information for the period [79](index=79&type=chunk) [Publication of Interim Results and Interim Report](index=26&type=section&id=5.8%20Publication%20of%20Interim%20Results%20and%20Interim%20Report) This announcement has been published on the websites of the Stock Exchange and the Company, and the interim report will be dispatched to shareholders and published in due course - This announcement has been published on the HKEX website (www.hkexnews.hk) and the Company's website (www.acmehld.com) [80](index=80&type=chunk) - The interim report will be dispatched to shareholders and published in due course [80](index=80&type=chunk) [Board Composition](index=26&type=section&id=5.9%20Board%20Composition) As of the announcement date, the Board comprises six members, including three executive directors (Mr. Kwan Kam Tim, Mr. Yip Wing Shing, Mr. Zhang Guangying) and three independent non-executive directors (Dr. Lau Chi Pang, Mr. Chin Wai Keung, Professor Mo Lai Lan) - The Board comprises **six members** [81](index=81&type=chunk) - Including **three executive directors** and **three independent non-executive directors** [81](index=81&type=chunk)

Group 1 - The company Yimei International Holdings (01870.HK) announced a board meeting scheduled for August 28, 2025, to consider and approve its interim results for the six months ending June 30, 2025 [1] - The board will also discuss the proposal for an interim dividend payment, if applicable [1]

Core Viewpoint - Yimei International Holdings (01870.HK) announced a board meeting scheduled for August 28, 2025, to consider and approve the interim results for the six months ending June 30, 2025, and to discuss the potential declaration of an interim dividend, if any [1] Summary by Category - Company Announcement - The board meeting will focus on the approval of the company's interim performance for the first half of 2025 [1] - The meeting will also consider the recommendation for an interim dividend [1] - Financial Reporting - The interim results will cover the period ending June 30, 2025 [1] - The announcement indicates a structured approach to financial reporting and shareholder returns [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Acme International Holdings Limited 承董事會命 益美國際控股有限公司 主席兼執行董事 關錦添 益 美 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1870） 董事會會議通告 益美國際控股有限公司（「本公司」）董事會（「董事會」）謹此公布，將於2025年8月 28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2025年6月30日止六個月之中期業績及其發佈，並考慮建議派付中期股息（如 有）。 於本公告日期，董事會由六名成員組成，其中關錦添先生、葉永聖先生及張廣迎先 生為本公司執行董事；以及劉智鵬議員， 銅紫荊星章，太平紳士 、錢偉強先生及巫麗蘭 教授為本公司獨立非執行董事。 香港，2025年8月15日 ...

Core Viewpoint - Yimei International Holdings (01870) anticipates an unaudited consolidated loss of no more than approximately HKD 26 million for the six months ending June 30, 2025, compared to an unaudited consolidated profit of approximately HKD 4.5 million for the same period in 2024 [1] Group 1: Factors Contributing to Loss - The decline in the permanent crane business is attributed to decreased sales volume and profitability, primarily due to the ongoing downturn in the Hong Kong construction industry, with multiple projects postponed to the second half of 2025, leading to further pressure on profit margins [2] - The electricity trading service business in Shandong province incurred losses due to abnormal fluctuations in medium to long-term wholesale electricity prices, resulting in increased purchasing costs. The competitive nature of the Shandong electricity market has also contributed to profitability pressures, although improvements are expected following the implementation of new policies aimed at enhancing the renewable energy market [3] - Increased administrative expenses are primarily due to the development of the green power energy business segment during the interim period [4]

Group 1 - The company expects a consolidated loss of no more than approximately 26 million HKD for the six months ending June 30, 2025, compared to a consolidated profit of approximately 4.5 million HKD for the same period in 2024 [1] - The decline in the permanent lifting boat business is attributed to a continued downturn in the Hong Kong construction industry, with multiple projects delayed until the second half of 2025, leading to reduced sales volume and profitability [1] - The company reported a loss in its electricity trading business in Shandong, China, due to abnormal fluctuations in wholesale electricity prices and increased purchasing costs, although improvements are expected in the second half of the year following regulatory changes [2] Group 2 - Administrative expenses have increased primarily due to the development of the green power energy business segment during the interim period [3]