达力普控股公告，公司河北沧州制造基地新建的两条油管智能生产线已试车成功，将于近期正式投产运 营。该生产线全面集成物联网与实时信息监控等先进系统，实现全流程智能制造、数字化管理。油管产 品规格实现全覆盖，可满足国内外多元化市场需求。生产效率可提升35%，人工配置可减少30%。公司 可大幅提升油管高端产品的生产能力，实现油管产品结构向高端化、定制化转型。董事会认为，新生产 线是公司技术迭代与产能升级的重要里程碑，预期对中长期收益产生积极影响。 ...

Share Incentive Plan - A total of 3,539,589 shares were vested to five highest-paid employees and other employees under the share incentive plan adopted on May 31, 2022[3] - The weighted average closing price per share before the vesting date was HKD 5.00[3]

蓬 力 普 控 股 有 限 公 司 DALIPAL HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock code 股份代號 : 1921 ANNUAL REPORT 年報 2024 CONTENTS 目 錄 | 4 | Corporate Information | | --- | --- | | | 公司資料 | | 8 | Glossary | | | 詞彙 | | 14 | Chairman's Statement | | | 主席報告 | | 17 | Directors and Senior Management Profiles | | | 董事及高級管理層簡介 | | 26 | Management Discussion and Analysis | | | 管理層討論及分析 | | 41 | Report of the Board of Directors | | | 董事會報告 | | 63 | Corporate Governance Repo ...

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。 Dalipal Holdings Limited 達力普控股有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：1921） 截 至2024年12月31日止年度 全年業績公告 財務摘要 截 至12月31日止年度 2024年 2023年 人民幣 百萬元 人民幣 百萬元 改 變 收 益 3,292.3 3,850.0 (14.5%) 毛 利 263.4 528.2 (50.1%) 毛利率 8.0% 13.7% 經營溢利 0.5 241.4 (99.8%) 稅息折舊及攤銷前利潤 140.1 376.6 (62.8%) 稅 前（虧 損）╱溢 利 (86.3) 152.4 (156.6%) 年 內（虧 損）╱溢 利 （附 註1） (77.1) 134.5 (157.3%) 經調整淨（虧 損）╱利 潤 （非 國 際 財 務 報 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of HKD 10.88 [6][3][4] Core Insights - The company is set to commence construction of its Middle East production base in September 2025, which is expected to contribute to revenue and profit starting in 2028 [1][3] - The company has a strategic plan to establish a regional headquarters and R&D center in the Middle East, leveraging the region's energy resources and geographical advantages [1][2] - The company's overseas sales have rapidly increased, with over 25% of total sales coming from international markets, primarily in the Middle East and North Africa [1][3] Financial Projections - The company forecasts net profits of RMB -95.49 million, RMB 136 million, RMB 345.2 million, and RMB 733.5 million for the years 2024, 2025, 2026, and 2027 respectively [4][13][14] - Sales revenue is projected to grow from RMB 3.66 billion in 2024 to RMB 9.47 billion by 2027, reflecting a compound annual growth rate of approximately 60% [4][14] - The gross profit margin is expected to improve from 9% in 2024 to 16.5% by 2027 [4][14] Project Details - The first phase of the Middle East project will have a production capacity of 300,000 tons per year, with a total design capacity of 1.1 million tons per year [3][10] - The project is located in the Salman King Energy City (SPARK) in Dammam, Saudi Arabia, which is strategically positioned near the world's largest onshore oil field [2][3] Market Position - The company’s products, including OCTG and hydrogen transport pipes, are expected to meet significant market demand in the Middle East, particularly due to Saudi Arabia's leading position in oil production and its green hydrogen development plans [2][3]

Financial Performance - Dalipal Holdings Limited reported a revenue of HK$XXX million for the interim period, representing a year-on-year increase of XX%[14]. - The company achieved a net profit of HK$XXX million, reflecting a growth of XX% compared to the previous period[43]. - The Group achieved total revenue of RMB1,539.5 million during the Reporting Period, a decrease of 26.2% from RMB2,087.3 million in the corresponding period of 2023[53][54]. - Revenue from oil and gas pipes decreased by 24.9% to RMB1,004.4 million, down from RMB1,337.4 million in the same period last year[55][56]. - Revenue from new energy pipes and special seamless steel pipes declined by 22.6% to RMB535.1 million, compared to RMB691.7 million in the previous year[55][56]. - Domestic sales revenue fell by 18.2% to RMB1,228.0 million, down from RMB1,501.4 million in the corresponding period of 2023[58]. - Overseas sales decreased by 46.8% to RMB311.5 million, compared to RMB585.9 million in the same period last year[59]. - The decline in revenue was attributed to a slowdown in investment in energy exploration, leading to insufficient market demand and significant drops in both sales volume and prices[56]. - The Group's total gross profit was RMB124.5 million, a decrease of RMB158.6 million from RMB283.1 million for the corresponding period of 2023, resulting in a gross profit margin of 8.1%, down 5.5 percentage points from 13.6%[64]. - The company reported a loss from operations of RMB 35,699, compared to a profit of RMB 108,230 in the previous year[140]. - Loss attributable to equity shareholders for the period was RMB 69,680, compared to a profit of RMB 56,800 in 2023[140]. - Total comprehensive income for the period attributable to equity shareholders was RMB (69,849), a decline from RMB 57,532 in the prior year[140]. Market and Strategic Outlook - The company provided a positive outlook for the next quarter, projecting a revenue growth of XX% driven by new product launches[14]. - Market expansion plans include entering two new regions, expected to contribute an additional HK$XXX million in revenue[14]. - The company is considering strategic acquisitions to enhance its market position, with potential targets identified[14]. - The Group's strategic direction emphasizes specialization and differentiation to navigate the competitive landscape of the seamless steel pipe industry[25]. - The Group plans to establish production facilities in the Middle East to better serve local customers and enhance its international brand presence[51][52]. - The strategic development plan for the Middle East aligns with China's "Belt and Road Initiative," aiming to leverage local policy and financing support[51]. Research and Development - Dalipal is investing in R&D for new technologies, with an allocated budget of HK$XXX million for the upcoming fiscal year[14]. - The Group's self-designed high-grade steel-grade hydrogen sulfide corrosion-resistant casings have been widely used in domestic high-containing hydrogen sulfide shale gas blocks, demonstrating its R&D capabilities[34]. - The Group has built an intelligent production line that includes robots and CNC machine tools, achieving multiple unmanned production units and reducing manpower requirements[37]. - The Group's implementation of a product process big data analysis platform marks it as the first company in the industry to adopt such technology, enhancing operational efficiency[37]. - The Group's strategy focuses on strengthening oil and gas API products while diversifying into non-API pipe special products, aiming to build core competitiveness through structural adjustments and cost reductions[31]. Operational Efficiency and Cost Management - The gross margin improved to XX%, up from XX% in the previous period, indicating better cost management[43]. - The Group has integrated lean improvement with professional management, promoting on-site visualization and 6S activities to enhance operational efficiency[41]. - The Group has promoted differentiated design of products and processes, implementing several cost reduction and efficiency improvement measures[41]. - The Group's sales volume of customized products significantly increased during the Reporting Period, highlighting the effectiveness of its sales-oriented production model[30]. Financial Position and Liquidity - As of 30 June 2024, the Group's cash at bank and on hand amounted to RMB425.0 million, a slight decrease from RMB432.6 million as of 31 December 2023[75]. - Interest-bearing borrowings increased to RMB2,043.8 million as of 30 June 2024, up from RMB1,767.5 million at the end of 2023, with long-term borrowings decreasing to RMB392.4 million[79]. - The gearing ratio rose to 120.7% as of 30 June 2024, an increase of 29.3 percentage points from 91.4% at the end of 2023, attributed to higher borrowings and reduced equity[79]. - The current ratio decreased from 1.15 as of 31 December 2023 to 0.96 as of 30 June 2024, indicating a decline in liquidity[79]. - The Group's net current liabilities amounted to RMB116,892,000, including bank and other borrowings of RMB1,651,376,000 due for repayment within the next twelve months[158]. Shareholder Information and Corporate Governance - As of June 30, 2024, Mr. Meng held a controlling interest in the company with 706,353,600 shares, representing 47.01%[97]. - The audit committee reviewed the interim financial statements without disagreement, ensuring compliance with accounting principles[95]. - The company has complied with all code provisions set out in part 2 of the Corporate Governance Code during the reporting period[94]. - The Share Option Scheme aims to incentivize eligible participants, including employees and directors, to enhance performance efficiency for the Group's benefit[106]. - The Group's share award movement details during the reporting period indicate changes in unvested shares[137]. Environmental and Social Responsibility - The Group's emission levels of sulfur oxides, nitrogen oxides, and particulate matter are far below Hebei Province's ultra-low emission standards due to substantial energy conservation and emission reduction initiatives[40]. - The Group's API products have passed green product certification, and the "green content" of product manufacturing has been continuously improved, with five product carbon footprint evaluation certificates obtained[39]. - The Group aims to create "specialized, refined, exceptional, and innovative" products while adhering to the business philosophy of "intelligent, green, and differentiated"[47]. - The Group has implemented various energy-saving transformation projects, effectively reducing emissions and promoting clean energy supply through photovoltaic power generation[40].

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。 Dalipal Holdings Limited 達力普控股有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：1921） 截 至2024年6月30日止六個月的 中期業績公告 | --- | --- | --- | --- | |------------------------------------------------------------------------------|-----------------------|--------------------|-----------------| | | | | | | 財務摘要 | 截 至 6 月 30 2024 年 | 日止六個月 2023 年 | | | | 人民幣百萬元 | 人民幣百萬元 | 變 動 | | 收 益 | 1,539.5 | | ...

| --- | --- | --- | |-------|-----------------------------|-------| | | | | | | | | | | | | | | 司 DALIPAL HOLDINGS LIMITED | | 年 報 2023 CONTENTS 目 錄 4 Corporate Information 公司資料 8 Glossary 詞彙 14 Chairman's Statement 主席報告 18 Directors and Senior Management Profiles 董事及高級管理層簡介 27 Management Discussion and Analysis 管理層討論及分析 40 Report of the Board of Directors 董事會報告 62 Corporate Governance Report 企業管治報告 84 Environmental, Social and Governance Report 環境、社會及管治報告 183 Independent Auditor's Report 獨立核數師報告 192 Consol ...

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。 Dalipal Holdings Limited 達力普控股有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：1921） 截 至2023年12月31日止年度 全年業績公告 | --- | --- | --- | --- | |----------------------------------------------------|------------------|---------------|----------------| | | | | | | 財務摘要 | | | | | | | | | | | 截 至 12 月 31 | 日止年度 2022 | | | | 2023 年 人民幣 | 年 人民幣 | | | | 百萬元 | 百萬元 | 改 變 | | | | | 4,227.8 (8.9%) | ...

達力普控股有限公 司 DALIPAL HOLDINGS LIMITED INTERIM REPORT 中期報告 2023 達力普控股有限公 司 DALIPAL HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) Stock code 股份代號 : 1921 (於開曼群島註冊成立的有限公司) INTERIM REPORT 中期報告 2023 CONTENTS 目 錄 4 Corporate Information 公司資料 10 Glossary 詞彙 13 Management Discussion and Analysis 管理層討論及分析 23 Other Information 其他資訊 38 Consolidated Statement of Profit or Loss and Other Comprehensive Income 綜合損益及其他全面收益表 39 Consolidated Statement of Financial Position 綜合財務狀況表 40 Consolidated ...