股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 致：香港交易及結算所有限公司 截至月份: 2026年3月31日 狀態: 新提交 公司名稱: 達力普控股有限公司 呈交日期: 2026年4月1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) | 01921 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | HKD | | 0.1 | HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 20,000,000,000 | HKD | | 0.1 | HKD | | 2,000,000,000 | 本月底法定 ...

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） 建議修訂組織章程大綱及細則 及採納經修訂及重述的組織章程大綱及細則 本公告由達力普控股有限公司（「本公司」）根據香港聯合交易所有限公司證券 上市規則（「上市規則」）第13.51(1)條 作 出。 本公司董事（「董 事」）會（「董事會」）建議修訂本公司第二份經修訂及重述的組織 章程大綱及細則（「現有章程大綱及細則」），並 採 納 第 三 份 經 修 訂 及 重 述 的 組 織 章程大綱及細則（「新章程大綱及細則」），以 取 代 及 排 除 現 有 章 程 大 綱 及 細 則。 作出建議修訂的目的是(i)更新及使現有章程大綱及細則符合上市規則相關修 訂 後 的 最 新 監 管 規 定，包 括 但 不 限 於(a)混 合 會 議 及 電 子 投 票、(b)庫存股份及(c) 無 紙 證 券 市 場 制 度；及(ii)作出若干整理修訂（「建議修訂」）。 – 1 – 建議修訂及建議採納新章程大綱及細則須待本公司股東（「股 東」）於本公司應 屆股東週年大會（將 於2 ...

Financial Performance - Total revenue for the year ended December 31, 2025, was RMB 3,462.5 million, representing a 5.2% increase from RMB 3,292.3 million in 2024[3] - Gross profit increased to RMB 357.3 million, a 35.6% rise compared to RMB 263.4 million in the previous year[3] - Operating profit surged to RMB 84.9 million, a significant increase of 16,880.0% from RMB 0.5 million in 2024[3] - Profit before tax improved to RMB 17.9 million, compared to a loss of RMB 86.3 million in 2024, marking a 120.7% turnaround[3] - Net profit for the year was RMB 13.7 million, a substantial recovery from a loss of RMB 77.1 million in 2024, reflecting a 117.8% improvement[3] - Adjusted net profit (non-IFRS) reached RMB 24.7 million, compared to a loss of RMB 56.8 million in the previous year, indicating a 143.5% increase[3] - Basic earnings per share improved to RMB 0.01, a 120.0% increase from a loss of RMB 0.05 in 2024[3] - The gross margin increased to 10.3%, up from 8.0% in the previous year[3] - The company reported a significant turnaround in financial performance, indicating a positive outlook for future growth[4] Assets and Liabilities - As of December 31, 2025, non-current assets increased from RMB 1,967,765,000 in 2024 to RMB 2,613,495,000 in 2025, representing a growth of approximately 32.8%[5] - Current assets decreased from RMB 2,541,433,000 in 2024 to RMB 2,164,460,000 in 2025, a decline of about 14.8%[5] - Current liabilities decreased from RMB 2,481,885,000 in 2024 to RMB 2,026,397,000 in 2025, a reduction of approximately 18.4%[5] - The net current asset value increased from RMB 59,548,000 in 2024 to RMB 138,063,000 in 2025, showing an improvement of about 131.9%[5] - Total assets minus current liabilities rose from RMB 2,027,313,000 in 2024 to RMB 2,751,558,000 in 2025, an increase of approximately 35.7%[5] - The total equity increased from RMB 1,315,034,000 in 2024 to RMB 1,347,869,000 in 2025, reflecting a growth of about 2.5%[5] - The group’s total liabilities decreased to RMB 1,087,918,000 in 2025 from RMB 1,280,584,000 in 2024[37] Revenue Breakdown - Revenue from the sale of oil and gas pipes reached RMB 2,390,044,000 in 2025, an increase of 8.8% from RMB 2,196,399,000 in 2024[15] - Revenue from the sale of new energy pipes and special seamless steel pipes was RMB 1,072,442,000 in 2025, a decrease of 2.1% from RMB 1,095,865,000 in 2024[15] - Domestic sales accounted for 84.8% of total revenue at RMB 2,936.4 million, while international sales increased by 39.0% to RMB 526.1 million, representing 15.2% of total revenue[92][93] Cost Management - The group’s financing costs decreased to RMB 67,073,000 in 2025 from RMB 86,858,000 in 2024, indicating improved cost management[25] - Selling expenses remained stable at RMB 142.2 million, while administrative expenses decreased by 3.8% to RMB 180.8 million[97][98] - Employee costs rose to RMB 279,351,000 in 2025, up from RMB 252,934,000 in 2024, reflecting increased workforce expenses[26] Strategic Initiatives - The company plans to continue focusing on market expansion and new product development to sustain growth momentum[4] - The group emphasizes a "sales-driven production" model, focusing on R&D and manufacturing of customized products to enhance customer alignment and loyalty[52] - The company is implementing a "specialized, refined, distinctive, and new" business strategy, which is gradually enhancing its competitive advantages and market competitiveness[53] - The company is focusing on transforming R&D resources towards market demands, aiming for breakthroughs in production line specifications and collaborative efforts across the entire industry chain[89] Research and Development - The company is focused on research and development to enhance its product offerings[129] - The company has developed new products such as economic coal and geological drill pipe materials, high-strength arm pipes for engineering machinery, and hydrogen transport pipes, enhancing its product structure[53] - The company achieved significant breakthroughs in core customer markets, notably with major clients like Sinopec and CNOOC, leading to a substantial increase in market share[76] Environmental and Social Governance - The company achieved an ESG rating of A from Shanghai Huazheng Index Information Service Co., Ltd. and Wind Information Technology Co., Ltd., indicating strong performance in green development[69] - The company is actively promoting distributed photovoltaic project construction, expected to be operational by 2026, aligning with national carbon neutrality goals[71] - The carbon emissions per unit product have continuously decreased, with a low-carbon management system being gradually perfected throughout the product lifecycle[60] Future Outlook - The company plans to deepen market penetration in domestic shale gas regions and expand into unconventional oil and gas markets, increasing collaboration with strategic clients[85] - By 2026, the company aims to achieve significant growth in high-value product sales and market share, creating sustainable long-term returns for shareholders[88] - The global energy equipment industry is undergoing structural changes, with significant demand growth in the Middle East and Southeast Asia, particularly for high-end products like high-strength oil pipes[82]

達力普控股有限公司 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 Dalipal Holdings Limited （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：1921） 董事會召開日期 達力普控股有限公司（「本公司」）董事會（「董事會」）宣 佈，本 公 司 將 於 二 零 二 六 年三月三十日（星 期 一）舉 行 董 事 會 會 議，以 考 慮 及 批 准（其 中 包 括）刊發本公司 及 其 附 屬 公 司 截 至 二 零 二 五 年 十 二 月 三 十 一 日 止 年 度 之 經 審 核 財 務 業 績，及 考慮宣派末期股息之建議（如 有）。 香 港，二 零 二 六 年 三 月 十 七 日 於 本 公 告 日 期，董 事 會 包 括 執 行 董 事 孟 凡 勇 先 生、張 紅 耀 先 生、徐 文 紅 女 士、 孟宇翔先生及Al Gosaibi, Saud ...

Investment Rating - The report assigns a positive outlook, expecting the company to turn losses into profits by 2025, with a projected net profit of no less than RMB 10 million, a significant improvement from a loss of RMB 77 million in 2024 [1]. Core Insights - The company is focusing on product structure optimization, aiming to expand high-value non-standard products and diversify its product offerings, which is expected to positively impact operational performance [1]. - There is a strong anticipated growth in overseas sales, particularly in the Middle East and North Africa regions, contributing to a substantial increase in export volume [1]. - The management team is implementing cost control measures and efficiency improvements across procurement, production, and operations, leading to better operational cost management and improved working capital turnover [1]. - A new "high-end energy equipment pipe intelligent production line" has been launched, enhancing production efficiency, optimizing cost structures, and improving product quality consistency [2]. - The company has successfully completed trial orders from Saudi Aramco, which positions it as a qualified supplier, potentially driving sales growth and market share in the Middle East [4]. - The subsidiary has received a temporary industrial license from the Saudi Ministry of Industry and Mineral Resources, allowing for the establishment of manufacturing projects in Saudi Arabia, which aligns with the country's Vision 2030 development goals [4].

Investment Rating - The report assigns a positive outlook, expecting the company to turn losses into profits by 2025, with a projected net profit of at least RMB 10 million compared to a loss of RMB 77 million in 2024 [1]. Core Insights - The company is focusing on product structure optimization, aiming to increase the volume of high-value-added non-standard products and diversify its product offerings, which is expected to positively impact operational performance [1]. - There is a strong anticipated growth in overseas sales, particularly in the Middle East and North Africa regions, contributing to significant revenue increases [1]. - The management team is implementing cost control measures and enhancing operational efficiency, leading to improved working capital turnover [1]. - A new "high-end energy equipment pipe intelligent production line" has been launched, which is expected to enhance production efficiency, optimize cost structures, and improve product quality consistency [2]. - The company has successfully completed trial orders from Saudi Aramco, which positions it as a qualified supplier and is expected to drive sales growth and market share in the Middle East [4]. - The subsidiary has received a temporary industrial license from the Saudi Ministry of Industry and Mineral Resources, allowing for the establishment of manufacturing projects in Saudi Arabia, which aligns with the country's Vision 2030 [4].

截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 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 本月底法定/註冊股本總額： HKD 2,000,000,000 FF301 第 1 頁 共 10 頁 v 1.2.0 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 公司名稱: 達力普控股有限公司 呈交日期: 2026年3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) | 01921 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | HKD | | 0.1 | HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | ...

Core Viewpoint - Dalipe Holdings (01921) anticipates a turnaround in financial performance, projecting a net profit of no less than RMB 10 million for the fiscal year ending December 31, 2025, a significant improvement from a loss of RMB 77 million in the same period of 2024 [1][2] Group 1: Factors Contributing to Performance Improvement - Product structure optimization: The company has focused on adjusting its product mix, increasing the volume of high-value-added non-standard products, and promoting product diversification based on production line characteristics, positively impacting operational performance [2] - Growth in overseas sales: The company experienced strong growth in sales revenue from overseas markets, particularly in the Middle East and North Africa, with significant improvements in export scale year-on-year [2] - Management efficiency and cost control: The management team has actively implemented cost reduction and efficiency enhancement measures across procurement, production, and operations, effectively controlling operating expenses and improving working capital turnover efficiency [2]

Core Viewpoint - Dali Pu Holdings (01921.HK) expects to turn a profit for the fiscal year, projecting a net profit of no less than RMB 10 million, a significant improvement compared to a loss of RMB 77 million in the same period of 2024 [1] Group 1: Financial Performance - The company anticipates a substantial turnaround in financial performance, with a projected net profit of at least RMB 10 million [1] - This marks a significant improvement from the previous year's loss of RMB 77 million [1] Group 2: Factors Contributing to Performance Improvement - Product structure optimization has been a key factor, with the company focusing on adjusting its product mix to increase the volume of high-value-added non-standard products and promoting product diversification based on production line characteristics [1] - The overseas sales business has seen a strong increase in both volume and price, particularly in target regions such as the Middle East and North Africa, leading to a significant uplift in export scale [1] - The management team has implemented cost control and efficiency enhancement measures across procurement, production, and operations, effectively managing operating expenses and improving working capital turnover efficiency [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部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 此 預 期 業 績 改 善 主 要 歸 因 於 以 下 因 素： – 1 – 1. 產 品 結 構 優 化：本 集 團 年 度 內 致 力 於 產 品 結 構 調 整，拓 展 非 標 類 高 附 加 值 產 品 量 及 基 於 產 線 特 點，推 廣 產 品 多 元 化 發 展，為 集 團 經 營 業 績 帶 來 正 向 影 響。 2. 外 銷 業 務 量 價 齊 升：本 期 間，本 集 團 海 外 市 場 銷 售 收 入 實 現 強 勁 增 長。尤 其 在 中 東 及 北 非 等 目 標 區 域，市 場 拓 展 成 效 顯 著，外 銷 規 模 同 比 有 較 大 提 升。 3. 管 理 增 效 與 成 本 嚴 控：面 對 市 場 挑 戰，管 理 團 隊 在 採 購、生 產 及 營 運 各 環 節 ...