晨讯科技(02000)公布，于2025年8月，该集团的未经审核收入为1940万港元，环比减少16.8%。前8个月 的未经审核收入约2.488亿港元，同比减少4%。 ...

智通财经APP讯，晨讯科技(02000)公布，于2025年8月，该集团的未经审核收入为1940万港元，环比减 少16.8%。前8个月的未经审核收入约2.488亿港元，同比减少4%。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 1. 與上月收入之比較 | | 二零二五年八月 | 二零二五年七月 | 改變 | (%) | | --- | --- | --- | --- | --- | | | (百萬港元) | (百萬港元) | | | | 主營業務之收入 | 16.3 | 20.1 | | -19.3 | | 非主營業務之收入 | 3.1 | | 3.2 | -0.7 | | 本集團之未經審核收入 | 19.4 | 23.3 | | -16.8 | SIM TECHNOLOGY GROUP LIMITED 晨訊科技集團有限公司* （於百慕達註冊成立之有限公司） （股份代號：2000） 公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.09條及香港法例第571章證券 及期貨條例第XIVA部內幕消息條文而發出。 晨訊科技集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會 （「董事會」）謹此公佈本集團 ...

本公告是由晨訊科技集團有限公司 * (「本公司」)根據香港聯合交易所有限公司證券上市規則 第 13.10B條而作出。 以下附件是本公司依台灣相關證券法律的規定於二零二五年九月一日在台灣證券交易所股份 有限公司網頁刊發的公告。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 SIM TECHNOLOGY GROUP LIMITED 晨訊科技集團有限公司* （於百慕達註冊成立之有限公司） （股份代號：2000） 海外監管公告 附表三十九 ____晨訊科技集團____有限公司 臺灣存託憑證流通及兌回情形月報表 承董事會命 晨訊科技集團有限公司 公司秘書 陳梓妍 香港，二零二五年九月一日 於本公告日期，本公司執行董事為王祖同先生、楊文瑛女士、朱文輝先生及朱琪先生， 本公司非執行董事為王曦先生，以及本公司獨立非執行董事為黎家鳳女士、李敏波先 生及楊文濤先生。 * 僅供識別 【法規來源】外國發行人募集與發行有價證券處理準則§42 114年8月 | 項 目 | 單 ...

致：香港交易及結算所有限公司 公司名稱: 晨訊科技集團有限公司 呈交日期: 2025年9月1日 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 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 02000 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 2,143,351,300 | | 0 | | 2,143,351,300 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 2,143,351,300 | | 0 | | 2,143,351,300 | 第 2 頁 共 10 頁 v 1.1.1 I. 法 ...

Core Insights - The company,晨讯科技, reported a revenue of HKD 208.2 million for the first half of 2025, representing a year-on-year growth of 13.4% [1] - The gross profit for the same period was HKD 45.3 million, which is an increase of 18.3% compared to the previous year [1] - The company recorded a profit attributable to shareholders of HKD 8.8 million during the first half of 2025 [1] Financial Performance - Revenue: HKD 208,200,000, up 13.4% year-on-year [1] - Gross Profit: HKD 45,300,000, up 18.3% year-on-year [1] - Profit Attributable to Shareholders: HKD 8,800,000 [1] Contributions to Profit - Interest income and foreign exchange gains positively contributed to the company's financial results during the reporting period [1]

Group 1 - The company,晨讯科技, reported a revenue of 208 million HKD for the six months ending June 30, 2025, representing a year-on-year increase of 13.35% [1] - The company achieved a profit attributable to owners of 8.807 million HKD, marking a turnaround from a loss to profit compared to the previous year [1] - The basic earnings per share for the company were 0.04 HKD [1]

Group 1 - The company,晨讯科技, reported a revenue of HKD 208 million for the six months ending June 30, 2025, representing a year-on-year increase of 13.35% [1] - The profit attributable to the company's owners was HKD 8.807 million, marking a turnaround from a loss to profit compared to the previous year [1] - The basic earnings per share were HKD 0.004, indicating positive financial performance [1]

Condensed Consolidated Financial Statements [Condensed Consolidated Statement of Profit or Loss](index=1&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E8%A1%A8) The Group's revenue rose 13.4% to HK$208,208 thousand, swinging to a profit of HK$5,709 thousand for the period, with HK$8,807 thousand attributable to owners Key Data from Condensed Consolidated Statement of Profit or Loss (For the six months ended June 30) | Indicator | 2025 (HK$ Thousand) | 2024 (HK$ Thousand) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 208,208 | 183,678 | 13.4% | | Cost of sales and services | (162,925) | (145,398) | 12.0% | | Gross Profit | 45,283 | 38,280 | 18.3% | | Profit (Loss) before tax | 3,776 | (90,808) | Swung to profit | | Profit (Loss) for the period | 5,709 | (90,038) | Swung to profit | | Profit (Loss) for the period attributable to owners of the Company | 8,807 | (82,257) | Swung to profit | | Basic earnings (loss) per share (HK cents) | 0.4 | (3.8) | Swung to profit | [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=3&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) Total comprehensive income reached HK$34,891 thousand, a significant improvement from the prior period's expense, driven by investment property transfer surplus and positive exchange differences Key Data from Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (For the six months ended June 30) | Indicator | 2025 (HK$ Thousand) | 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Profit (Loss) for the period | 5,709 | (90,038) | | Surplus on transfer of right-of-use assets and property, plant and equipment to investment properties measured at fair value | 20,206 | 476 | | Exchange differences arising on translation to presentation currency | 15,802 | (4,561) | | Other comprehensive income for the period | 29,182 | 20,781 | | Total comprehensive income (expense) for the period | 34,891 | (69,257) | | Total comprehensive income (expense) for the period attributable to owners of the Company | 37,989 | (61,476) | [Condensed Consolidated Statement of Financial Position](index=4&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B3%87%E7%94%A2%E8%B2%A0%E5%82%B5%E8%A1%A8) Total assets slightly decreased to HK$1,883,762 thousand, with increased investment properties in non-current assets, while current assets saw a significant decrease in bank balances and cash, offset by a substantial rise in short-term bank deposits Key Data from Condensed Consolidated Statement of Financial Position (As of June 30) | Indicator | 2025 (HK$ Thousand) | 2024 (HK$ Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | **Non-current assets** | | | | | Investment properties | 591,019 | 574,540 | 2.9% | | Interests in associates | 75,832 | 49,798 | 52.3% | | Total non-current assets | 780,733 | 743,444 | 5.0% | | **Current assets** | | | | | Inventories | 31,105 | 52,720 | -41.0% | | Trade and bills receivables | 89,314 | 110,823 | -19.5% | | Short-term bank deposits | 744,033 | 580,821 | 28.1% | | Bank balances and cash | 152,879 | 360,313 | -57.5% | | Total current assets | 1,103,029 | 1,177,736 | -6.4% | | **Current liabilities** | | | | | Trade payables | 58,477 | 86,792 | -32.6% | | Bank borrowings | 7,674 | 29,162 | -73.7% | | Total current liabilities | 307,512 | 382,234 | -19.6% | | Total equity | 1,464,807 | 1,429,916 | 2.4% | | Total assets | 1,883,762 | 1,921,180 | -1.9% | | Total liabilities | 418,955 | 491,264 | -14.7% | Notes to the Condensed Consolidated Financial Statements [General Information and Basis of Preparation](index=6&type=section&id=%E4%B8%80%E8%88%AC%E8%B3%87%E6%96%99%E5%8F%8A%E7%B7%A8%E8%A3%BD%E5%9F%BA%E6%BA%96) The Company, a Bermuda-incorporated investment holding entity, operates in mobile and IoT terminals, in-vehicle intelligent products, and China property leasing, with financial statements presented in HKD under IAS 34 and HKEX Listing Rules - The Company is an investment holding company, with principal businesses covering mobile and IoT terminals, in-vehicle intelligent products, and property leasing management in China[9](index=9&type=chunk) - Financial statements are presented in HKD, with RMB as the functional currency, prepared in accordance with IAS 34 and the HKEX Listing Rules[9](index=9&type=chunk) [Principal Accounting Policies](index=6&type=section&id=%E4%B8%BB%E8%A6%81%E6%9C%83%E8%A8%88%E6%94%BF%E7%AD%96) The condensed consolidated financial statements are prepared on a historical cost basis, with exceptions for fair value measurement of investment properties and certain financial instruments, and IFRS revisions had no material impact - Financial statements are primarily prepared on a historical cost basis, with certain assets measured at fair value[10](index=10&type=chunk) - Revisions to IFRS (e.g., amendments to IAS 21) applied during the period had no significant impact on financial position or performance[11](index=11&type=chunk)[12](index=12&type=chunk) [Revenue](index=7&type=section&id=%E6%94%B6%E5%85%A5) Total revenue for H1 2025 was HK$208,208 thousand, primarily from mobile and IoT terminals and property leasing, with in-vehicle intelligent products also contributing, and the majority of revenue originating from the China market Disaggregation of Revenue from Contracts with Customers (For the six months ended June 30) | Type of Goods or Services | 2025 (HK$ Thousand) | 2024 (HK$ Thousand) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Sales of mobile and IoT terminals | 174,308 | 156,346 | 11.5% | | Sales of in-vehicle intelligent products | 12,907 | 5,103 | 152.9% | | Property leasing | 20,993 | 22,229 | -5.6% | | **Total** | **208,208** | **183,678** | **13.4%** | - The Group's revenue primarily originates from the China market[15](index=15&type=chunk) [Segment Information](index=8&type=section&id=%E5%88%86%E9%A1%9E%E8%B3%87%E6%96%99) The Group reports revenue, profit (loss), assets, and liabilities across three segments, with mobile and IoT terminals achieving a slight profit in H1 2025, while in-vehicle intelligent products and property leasing management recorded losses Segment Revenue and Profit (Loss) (For the six months ended June 30) | Segment | 2025 Revenue (HK$ Thousand) | 2025 Segment Profit (Loss) (HK$ Thousand) | 2024 Revenue (HK$ Thousand) | 2024 Segment Loss (HK$ Thousand) | | :--- | :--- | :--- | :--- | :--- | | Mobile and IoT terminal business | 174,308 | 583 | 156,346 | (37,436) | | In-vehicle intelligent product business | 12,907 | (14,821) | 5,103 | (25,254) | | Property leasing management | 20,993 | (2,031) | 22,229 | (6,824) | | **Consolidated Profit (Loss) before tax** | **208,208** | **3,776** | **183,678** | **(90,808)** | Segment Assets and Liabilities (As of June 30) | Segment | 2025 Segment Assets (HK$ Thousand) | 2025 Segment Liabilities (HK$ Thousand) | 2024 Segment Assets (HK$ Thousand) | 2024 Segment Liabilities (HK$ Thousand) | | :--- | :--- | :--- | :--- | :--- | | Mobile and IoT terminal business | 212,158 | 180,614 | 219,210 | 201,686 | | In-vehicle intelligent product business | 2,832 | 4,765 | 33,878 | 30,274 | | Property leasing management | 591,019 | 9,685 | 574,540 | 10,133 | | **Total assets** | **1,883,762** | **418,955** | **1,921,180** | **491,264** | [Other Income / Other Gains and Losses](index=10&type=section&id=%E5%85%B6%E4%BB%96%E6%94%B6%E5%85%A5%E2%88%95%E5%85%B6%E4%BB%96%E6%94%B6%E7%9B%8A%E5%8F%8A%E虧%E6%90%8D) Other income for H1 2025 totaled HK$17,663 thousand, mainly from bank interest, while other gains and losses resulted in a HK$9,469 thousand loss, primarily due to investment property fair value changes, partially offset by net exchange gains Other Income / Other Gains and Losses (For the six months ended June 30) | Item | 2025 (HK$ Thousand) | 2024 (HK$ Thousand) | | :--- | :--- | :--- | | **Other income** | | | | VAT refunds | 54 | 1,010 | | Government project income | 1,755 | 9,806 | | Bank interest income | 15,080 | 15,389 | | **Other gains and losses** | | | | Fair value changes of investment properties | (14,739) | (21,120) | | Net exchange gains | 3,270 | 4,367 | | Loss on deregistration of subsidiaries | – | (30,764) | | **Total** | **(9,469)** | **(53,670)** | - Government project income primarily consists of unconditional grants to encourage R&D activities[23](index=23&type=chunk) - A one-off exchange loss of **HK$30,764 thousand** was incurred in H1 2024 due to the deregistration of a PRC subsidiary[24](index=24&type=chunk) [Taxation](index=11&type=section&id=%E7%A8%85%E9%A0%85) Taxation for the period was HK$1,933 thousand, mainly from PRC corporate income tax and deferred tax credit, with no Hong Kong profits tax provision due to the absence of taxable profits Components of Taxation (For the six months ended June 30) | Item | 2025 (HK$ Thousand) | 2024 (HK$ Thousand) | | :--- | :--- | :--- | | PRC corporate income tax | (4,782) | 3,154 | | Over-provision (under-provision) in prior years | 3,030 | (7,545) | | Deferred tax credit | 3,685 | 5,161 | | **Taxation for the period** | **1,933** | **770** | - No Hong Kong profits tax provision was made, and PRC corporate income tax is calculated based on local tax rates and preferential tax treatments[24](index=24&type=chunk)[25](index=25&type=chunk) [Profit (Loss) for the Period Has Been Arrived at After Charging (Crediting) the Following](index=12&type=section&id=%E6%9C%AC%E6%9C%9F%E7%9A%84%E6%BA%A2%E5%88%A9%EF%BC%88%E虧%E6%90%8D%EF%BC%89%E5%B7%B2%E6%89%A3%E9%99%A4%EF%BC%88%E8%A8%88%E5%85%A5%EF%BC%89%E4%BB%A5%E4%B8%8B%E9%A0%85%E7%9B%AE) Profit for the period reflects charges including depreciation of property, plant and equipment (HK$264 thousand), right-of-use assets (HK$755 thousand), and staff costs (HK$42,070 thousand), all showing a decrease from the prior period Items Charged (Credited) (For the six months ended June 30) | Item | 2025 (HK$ Thousand) | 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Amortisation of intangible assets | – | – | | Depreciation of property, plant and equipment | 264 | 5,252 | | Depreciation of right-of-use assets | 755 | 1,208 | | Staff costs | 42,070 | 51,435 | | Cost of inventories recognised as an expense | 162,925 | 145,398 | [Dividends](index=12&type=section&id=%E8%82%A1%E6%81%AF) The Board does not recommend an interim dividend payment for the first half of 2025 - The Board does not recommend the payment of an interim dividend for the first half of 2025[28](index=28&type=chunk) [Earnings (Loss) Per Share](index=13&type=section&id=%E6%AF%8F%E8%82%A1%E7%9B%88%E5%88%A9%EF%BC%88%E虧%E6%90%8D%EF%BC%89) Basic earnings per share for H1 2025 improved significantly to **0.4 HK cents**, compared to a basic loss per share of **3.8 HK cents** in the prior period Calculation of Earnings (Loss) Per Share (For the six months ended June 30) | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | Profit (Loss) for the purpose of calculating basic earnings (loss) per share (HK$ Thousand) | 8,807 | (82,257) | | Weighted average number of ordinary shares for the purpose of calculating basic earnings (loss) per share (Thousand shares) | 2,143,351 | 2,142,207 | | **Basic earnings (loss) per share (HK cents)** | **0.4** | **(3.8)** | [Trade and Bills Receivables](index=14&type=section&id=%E6%87%89%E6%94%B6%E8%B2%BF%E6%98%93%E8%B3%AC%E6%AC%BE%E5%8F%8A%E7%A5%A8%E6%93%9A) Total trade and bills receivables decreased to HK$89,314 thousand as of June 30, 2025, with credit terms typically 0-90 days, though a significant portion remains outstanding for over 180 days Ageing Analysis of Trade and Bills Receivables (As of June 30) | Ageing | 2025 (HK$ Thousand) | 2024 (HK$ Thousand) | | :--- | :--- | :--- | | **Trade receivables** | | | | 0 to 30 days | 44,853 | 49,038 | | 31 to 60 days | 15,610 | 11,262 | | 61 to 90 days | 2,492 | 12,632 | | 91 to 180 days | – | 11,807 | | Over 180 days | 26,114 | 27,028 | | Less: Provision for credit losses | (27,290) | (28,429) | | **Total trade and bills receivables** | **89,314** | **110,823** | - The general credit period for sales of products and services ranges from 0 to 90 days[30](index=30&type=chunk) [Trade Payables](index=15&type=section&id=%E6%87%89%E4%BB%98%E8%B2%BF%E6%98%93%E8%B3%AC%E6%AC%BE) Total trade payables significantly decreased to HK$58,477 thousand as of June 30, 2025, with the majority concentrated in the 0-30 day ageing category Ageing Analysis of Trade Payables (As of June 30) | Ageing | 2025 (HK$ Thousand) | 2024 (HK$ Thousand) | | :--- | :--- | :--- | | 0 to 30 days | 43,139 | 53,712 | | 31 to 60 days | 1,868 | 7,093 | | 61 to 90 days | – | 15,198 | | Over 90 days | 13,470 | 10,789 | | **Total trade payables** | **58,477** | **86,792** | Management Discussion and Analysis [Business Review](index=16&type=section&id=%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7) The Group swung to profit in H1 2025, driven by improved internal management and cost control, with total turnover growing 13.4% to HK$208.2 million, though in-vehicle intelligent products and property leasing management recorded losses - The Group's operating performance for H1 2025 largely swung to profit, primarily due to significant improvements in internal management, cost control, and a substantial reduction in negative impacts from legacy issues[33](index=33&type=chunk) Key Data from H1 2025 Business Review | Indicator | Amount (HK$ Million) | Year-on-year Change (%) | | :--- | :--- | :--- | | Turnover | 208.2 | 13.4% | | Gross Profit | 45.3 | 18.3% | | Profit attributable to owners of the Company | 8.8 | Swung to profit | [Mobile and IoT Terminal Business](index=16&type=section&id=%E6%89%8B%E6%A9%9F%E5%8F%8A%E7%89%A9%E8%81%AF%E7%B6%B2%E7%B5%82%E7%AB%AF%E6%A5%AD%E5%8B%99) This business saw H1 2025 turnover of HK$174.3 million, up 11.5%, achieving a slight profit despite challenges like sluggish sales and overseas market expansion, leading the Group to invest in new AI-driven product segments Performance of Mobile and IoT Terminal Business (H1 2025) | Indicator | Amount (HK$ Million) | Year-on-year Change (%) | | :--- | :--- | :--- | | Turnover | 174.3 | 11.5% | | Gross Profit | 24.7 | Growth | | Segment Profit | 0.6 | Swung to profit | - The business faces challenges including sluggish sales, insufficient quality clients and projects, and difficulties in expanding into overseas markets[34](index=34&type=chunk) - The Group has invested resources in new businesses such as AI glasses, companion intelligent robots, and high-computing power control modules for humanoid robots, building technological expertise to capture market share[35](index=35&type=chunk) [In-vehicle Intelligent Product Business](index=17&type=section&id=%E8%BB%8A%E8%BC%89%E6%99%BA%E8%83%BD%E7%94%A2%E5%93%81%E6%A5%AD%E5%8B%99) This business recorded H1 2025 turnover of HK$12.9 million and a HK$14.8 million loss, mainly due to cancelled orders from a Japanese joint venture client; management has implemented an emergency cost control plan, anticipating manageable losses in H2 Performance of In-vehicle Intelligent Product Business (H1 2025) | Indicator | Amount (HK$ Million) | | :--- | :--- | | Turnover | 12.9 | | Gross Profit | 2.1 | | Segment Loss | 14.8 | - The loss was primarily due to the cancellation of anticipated smart cockpit orders from a Japanese joint venture client, which zeroed out the full-year demand for 2025[36](index=36&type=chunk) - Management has initiated an emergency cost control plan, expecting losses to be within a controllable range in the second half of the year[36](index=36&type=chunk) [Property Leasing Management](index=17&type=section&id=%E7%89%A9%E6%A5%AD%E7%A7%9F%E8%B3%83%E7%AE%A1%E7%90%86) H1 2025 property leasing management revenue decreased 5.6% to HK$21.0 million, with an 88.1% gross margin; despite stable rental income, a HK$14.7 million impairment by the appraiser resulted in a HK$2.0 million loss Performance of Property Leasing Management Business (H1 2025) | Indicator | 2025 (HK$ Million) | 2024 (HK$ Million) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 21.0 | 22.2 | -5.6% | | Gross Profit Margin | 88.1% | 90.3% | -2.2 percentage points | | Segment Loss | 2.0 | 6.8 | Improved | | Investment Property Impairment | 14.7 | - | New | - Revenue primarily derived from Shanghai Sim Technology Building and Shenyang factory/commercial properties, with a total leasable area of approximately **78,000 square meters**[37](index=37&type=chunk) [Outlook](index=18&type=section&id=%E5%B1%95%E6%9C%9B) The Group will cautiously navigate complex global trade and fierce competition, focusing on optimizing structure, strengthening marketing, and enhancing R&D efficiency, while strategically investing in 'Terminal + AI' products and key component supply chain platforms to drive new growth - The Group will optimize its structure, establish a product technology sales team to strengthen marketing, and adjust its R&D center to enhance efficiency and reduce costs[38](index=38&type=chunk) - Successfully entered the fields of AI glasses and companion intelligent robots, expected to contribute revenue starting in the second half of the year[38](index=38&type=chunk) - Prototype of high-computing power control module for humanoid robots has been delivered and jointly debugged, demonstrating marketization capability, and the Group will build a key component supply chain platform[38](index=38&type=chunk) [Financial Review](index=18&type=section&id=%E8%B2%A1%E5%8B%99%E5%9B%9E%E9%A1%A7) H1 2025 revenue grew 13.4% to HK$208.2 million, with principal business revenue up 16.0% and overall gross margin at 21.8%; profit attributable to owners of HK$8.8 million marked a turnaround, driven by cost control, reduced legacy issues, and the absence of prior year's one-off exchange loss H1 2025 Financial Review Overview | Indicator | H1 2025 (HK$ Million) | H1 2024 (HK$ Million) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Total Revenue | 208.2 | 183.7 | 13.4% | | Principal Business Revenue | 187.2 | 161.4 | 16.0% | | Non-principal Business Revenue | 21.0 | 22.2 | -5.6% | | Principal Business Gross Profit | 26.8 | 18.2 | 47.3% | | Principal Business Gross Profit Margin | 14.3% | 11.3% | +3.0 percentage points | | Non-principal Business Gross Profit Margin | 88.1% | 90.3% | -2.2 percentage points | | Overall Gross Profit Margin | 21.8% | 20.8% | +1.0 percentage points | | Profit (Loss) attributable to owners of the Company | 8.8 | (82.3) | Swung to profit | - The significant reduction in loss was primarily attributable to team structure optimization, strict cost control, reduced negative impact from legacy issues, and the elimination of a one-off exchange loss (approximately **HK$30.8 million**) in H1 2024[40](index=40&type=chunk) [Segment Results of Core Businesses](index=19&type=section&id=%E6%A0%B8%E5%BF%83%E6%A5%AD%E5%8B%99%E7%9A%84%E5%88%86%E9%A1%9E%E6%A5%AD%E7%B8%BE) H1 2025 saw mobile and IoT terminal revenue grow 11.5% with a 14.2% gross margin, while in-vehicle intelligent product revenue surged 152.9%, though its gross margin declined to 16.6% due to revenue structure changes Segment Results of Core Businesses (For the six months ended June 30) | Segment | 2025 Revenue (HK$ Million) | 2025 Gross Profit (HK$ Million) | 2025 Gross Profit Margin (%) | 2024 Revenue (HK$ Million) | 2024 Gross Profit (HK$ Million) | 2024 Gross Profit Margin (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Mobile and IoT terminal business | 174.3 | 24.7 | 14.2 | 156.3 | 16.8 | 10.8 | | In-vehicle intelligent product business | 12.9 | 2.1 | 16.6 | 5.1 | 1.4 | 26.9 | | **Total** | **187.2** | **26.8** | **14.3** | **161.4** | **18.2** | **11.3** | [Mobile and IoT Terminal Business](index=19&type=section&id=%E6%89%8B%E6%A9%9F%E5%8F%8A%E7%89%A9%E8%81%AF%E7%B6%B2%E7%B5%82%E7%AB%AF%E6%A5%AD%E5%8B%99) H1 2025 revenue grew 11.5% to HK$174.3 million, with gross margin rising to 14.2%, driven by effective 'expenditure based on revenue' strategy, and ODM business comprising approximately 93% of segment revenue - The 'expenditure based on revenue, control expenses' strategy continued to yield results, with operating costs controlled and segment gross profit increasing through optimized team structure, strict expense control, and effective utilization of external resources[42](index=42&type=chunk) - ODM business revenue accounted for approximately **93%** of this segment's revenue (H1 2024: 91%)[42](index=42&type=chunk) [In-vehicle Intelligent Product Business](index=20&type=section&id=%E8%BB%8A%E8%BC%89%E6%99%BA%E8%83%BD%E7%94%A2%E5%93%81%E6%A5%AD%E5%8B%99) H1 2025 revenue surged 152.9% to HK$12.9 million, but gross margin declined from 26.9% to 16.6%, primarily because prior year's revenue included one-off design fees, while current year's revenue was solely from hardware sales - The higher gross profit margin in H1 2024 was due to revenue including one-off entrusted design fees and related R&D expenses not being capitalized[43](index=43&type=chunk) - H1 2025 revenue only comprised hardware sales, with the gross profit margin returning to normal levels for hardware revenue[43](index=43&type=chunk) [Liquidity, Financial Resources and Capital Structure](index=20&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91%E3%80%81%E8%B2%A1%E5%8B%99%E8%B3%87%E6%BA%90%E5%8F%8A%E8%B3%87%E6%9C%AC%E7%B5%90%E6%A7%8B) As of June 30, 2025, the Group maintained a sound financial position with a 3.6x current ratio, reduced bank borrowings, and a 0.4% gearing ratio, while adopting a prudent treasury policy and considering hedging USD currency risk - The current ratio was **3.6 times** (December 31, 2024: 3.1 times), indicating good short-term solvency[47](index=47&type=chunk) - The gearing ratio (total bank borrowings divided by total assets) decreased significantly from **1.5%** as of December 31, 2024, to **0.4%**, indicating a substantial reduction in financial leverage[51](index=51&type=chunk) - The Group adopts a prudent treasury policy, depositing surplus funds primarily in banks to earn interest, and considers using financial instruments to hedge USD currency risk[48](index=48&type=chunk) [Liquidity](index=20&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91) As of June 30, 2025, the Group held HK$152.9 million in bank balances and cash, HK$744.0 million in short-term bank deposits, and HK$7.7 million in floating-rate bank borrowings repayable within one year Liquidity Position (As of June 30) | Item | 2025 (HK$ Million) | 2024 (HK$ Million) | | :--- | :--- | :--- | | Bank balances and cash | 152.9 | 360.3 | | Short-term bank deposits | 744.0 | 580.8 | | Total bank borrowings | 7.7 | 29.2 | - Bank balances and cash are primarily held in RMB (**70.2%**), JPY (**15.4%**), and USD (**13.3%**)[44](index=44&type=chunk) [Operating Efficiency](index=20&type=section&id=%E7%87%9F%E9%81%8B%E6%95%88%E7%8E%87) H1 2025 saw inventory turnover days significantly decrease to 47, reflecting improved supply and sales management, while trade and bills receivables turnover days slightly increased to 88 due to relaxed credit policies, and trade payables remained stable Operating Efficiency Indicators (As of June 30) | Indicator | 2025 (Days) | 2024 (Days) | | :--- | :--- | :--- | | Inventory turnover days | 47 | 75 | | Trade and bills receivables turnover days | 88 | 82 | | Trade and bills payables turnover days | 109 | 105 | - The reduction in inventory turnover days is attributed to the adoption of an 'on-demand' supply model and more accurate customer demand forecasting[45](index=45&type=chunk) - The increase in trade and bills receivables turnover days is due to a moderate relaxation of credit policies to maintain market share[46](index=46&type=chunk) [Treasury Policy](index=21&type=section&id=%E5%BA%AB%E5%8B%99%E6%94%BF%E7%AD%96) The Group maintains a prudent treasury policy, depositing surplus funds in reputable banks, and considers using non-deliverable forward foreign exchange contracts to hedge its exposure to USD currency risk - The Group's surplus funds are primarily deposited in reputable banks as time and demand deposits[48](index=48&type=chunk) - The Group is exposed to USD currency risk and considers entering into non-deliverable forward foreign exchange contracts for hedging[48](index=48&type=chunk) [Capital Structure](index=21&type=section&id=%E8%B3%87%E6%9C%AC%E7%B5%90%E6%A7%8B) As of June 30, 2025, the Company had 2,143,351,300 ordinary shares of HK$0.10 par value in issue, with no new shares issued during the period - As of June 30, 2025, **2,143,351,300** ordinary shares of **HK$0.10** par value each were in issue[49](index=49&type=chunk) - No shares of the Company were issued during the first half of 2025[50](index=50&type=chunk) [Gearing Ratio](index=21&type=section&id=%E8%B2%A0%E5%82%B5%E6%AF%94%E7%8E%87) As of June 30, 2025, the Group's gearing ratio significantly decreased to **0.4%** from **1.5%** (December 31, 2024), indicating reduced financial leverage Gearing Ratio (As of June 30) | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | Total bank borrowings (HK$ Million) | 7.7 | 29.2 | | Total assets (HK$ Million) | 1,883.8 | 1,921.2 | | **Gearing Ratio** | **0.4%** | **1.5%** | - The Group regularly reviews its capital-to-debt ratio to balance shareholder returns with capital security and adjusts its capital structure accordingly[51](index=51&type=chunk) [Significant Acquisitions and Disposals of Subsidiaries and Associates](index=22&type=section&id=%E9%87%8D%E5%A4%A7%E6%94%B6%E8%B3%BC%E5%8F%8A%E5%87%BA%E5%94%AE%E9%99%84%E5%B1%AC%E5%85%AC%E5%8F%B8%E5%8F%8A%E8%81%AF%E7%87%9F%E5%85%AC%E5%8F%B8) The Group had no significant acquisitions or disposals of subsidiaries and associates in H1 2025 - No significant acquisitions or disposals of subsidiaries and associates occurred in H1 2025[52](index=52&type=chunk) [Future Plans for Material Investments](index=22&type=section&id=%E6%9C%AA%E4%BE%86%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B3%87%E8%A8%88%E5%8A%83) The Group had no future plans for material investments or capital assets in H1 2025 - No future plans for material investments or capital assets were in place during H1 2025[53](index=53&type=chunk) [Material Investments](index=22&type=section&id=%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B3%87) As of June 30, 2025, the Group had no material investments - As of June 30, 2025, the Group had no material investments[54](index=54&type=chunk) [Contingent Liabilities](index=22&type=section&id=%E6%88%96%E7%84%B6%E8%B2%A0%E5%82%B5) As of June 30, 2025, the Group had no material contingent liabilities - As of June 30, 2025, the Group had no material contingent liabilities[55](index=55&type=chunk) [Employees](index=22&type=section&id=%E5%83%B1%E5%93%A1) As of June 30, 2025, the Group had approximately **510 employees**, a decrease from 573, offering MPF, PRC benefits, training, and performance-based bonuses and equity awards Number of Employees | Date | Number of Employees | | :--- | :--- | | June 30, 2025 | 510 | | December 31, 2024 | 573 | - The Group provides employees with Mandatory Provident Fund, PRC-applicable benefits, a comprehensive training system, and performance-based discretionary bonuses and equity awards[56](index=56&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=22&type=section&id=%E8%B3%BC%E8%B2%B7%E3%80%81%E5%87%BA%E5%94%AE%E6%88%96%E8%B4%96%E5%9B%9E%E6%9C%AC%E5%85%AC%E5%8F%B8%E4%B8%8A%E5%B8%82%E8%AD%89%E5%88%B8) Neither the Company nor its subsidiaries purchased, sold, or redeemed any of the Company's listed securities in H1 2025 - No purchase, sale, or redemption of the Company's listed securities occurred in H1 2025[57](index=57&type=chunk) [Events After the Reporting Period](index=22&type=section&id=%E6%96%BC%E5%A0%B1%E5%91%8A%E5%85%B6%E5%BE%8C%E4%BA%8B%E9%A0%85) No significant events have occurred since the end of H1 2025 - No significant events have occurred since the end of H1 2025[58](index=58&type=chunk) Other Information [Corporate Governance Code](index=23&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E5%AE%88%E5%88%99) The Company deviates from the Corporate Governance Code by having a vacant CEO position since September 2022, but a five-member management team collectively performs CEO duties, an arrangement the Board considers appropriate - The Chief Executive Officer position has been vacant since Mr. Gao Jun's resignation on September 30, 2022, deviating from Corporate Governance Code provision C.2.1[59](index=59&type=chunk) - A five-member management team has been formed to collectively perform the roles and responsibilities of the Chief Executive Officer, an arrangement the Board considers appropriate[59](index=59&type=chunk) [Compliance with the Model Code](index=23&type=section&id=%E9%81%B5%E5%AE%88%E6%A8%99%E6%BA%96%E5%AE%88%E5%88%99) The Company has adopted the Model Code in Appendix C3 of the Listing Rules, with all Directors confirming compliance with its standards throughout the year - The Company has adopted the Model Code set out in Appendix C3 of the Listing Rules, and all Directors confirm compliance with its provisions[60](index=60&type=chunk) [Audit Committee](index=23&type=section&id=%E5%AF%A9%E6%A0%B8%E5%A7%94%E5%93%A1%E6%9C%83) The Audit Committee, comprising all three independent non-executive Directors, has reviewed the Group's accounting principles and interim financial information with management, which was also reviewed by Deloitte Touche Tohmatsu - The Audit Committee has reviewed the Group's accounting principles and interim financial information, which was also reviewed by the auditor, Deloitte Touche Tohmatsu[61](index=61&type=chunk) - The Audit Committee comprises all three independent non-executive Directors[61](index=61&type=chunk) [Publication of Results Announcement and Annual Report](index=24&type=section&id=%E5%88%8A%E7%99%BC%E6%A5%AD%E7%B8%BE%E5%85%AC%E4%BD%88%E5%8F%8A%E5%B9%B4%E5%A0%B1) This results announcement is available on the Company's and HKEX websites, with the interim report to be uploaded to these sites in due course - The results announcement has been published on the Company's website (www.sim.com) and the HKEX website (www.hkexnews.hk)[62](index=62&type=chunk) [Acknowledgement](index=24&type=section&id=%E8%87%B4%E8%AC%9D) The Board expresses gratitude to shareholders, customers, suppliers, bankers, professional advisors, and all staff for their support and contributions - The Board expresses its gratitude to all stakeholders and employees for their support and contributions[63](index=63&type=chunk) [Directors](index=24&type=section&id=%E8%91%A3%E4%BA%8B) As of this announcement date, the Board includes four executive, one non-executive, and three independent non-executive Directors - The Board comprises four executive Directors, one non-executive Director, and three independent non-executive Directors[64](index=64&type=chunk) [Forward-Looking Statements](index=24&type=section&id=%E5%89%8D%E7%9E%BB%E6%80%A7%E9%99%B3%E8%BF%B0) This announcement contains forward-looking statements that are not guarantees of future performance, as actual results may differ materially from expectations due to various risks and uncertainties - Forward-looking statements are not historical facts or guarantees of future performance, and actual results may differ materially from expectations due to risks, uncertainties, and other factors[66](index=66&type=chunk)

Group 1 - The board meeting of Chenxun Technology (02000.HK) is scheduled for August 27, 2025 [1] - The meeting will approve the release of the company's and its subsidiaries' interim results for the year ending June 30, 2025 [1] - The board will also consider the payment of an interim dividend, if applicable [1]