NOTIFICATION LETTER 通知信函 Dear Registered Shareholders, China Ludao Technology Company Limited (the "Company") – Notice of publication of Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communication are now available on the Company's website at www.ludaocn.com and the website of The Stock Exchange of Hong Kong Limited at www.hkexnews.hk respectively (the "Website Version"). The Company strongly recommends you to access the Websi ...

Financial Performance - For the six months ended June 30, 2025, the group's revenue was approximately RMB 596.9 million, an increase of about 7.9% compared to RMB 553.5 million in the same period of 2024[8]. - The net profit attributable to the owners of the company for the same period was approximately RMB 43.2 million, representing an increase of about 3.8% from RMB 41.6 million in 2024[8]. - The group's CMS business revenue reached approximately RMB 403.3 million, reflecting an increase of about 11.8% from RMB 360.8 million in the previous year[10]. - The OBM business generated revenue of approximately RMB 68.7 million, marking an increase of about 18.0% compared to RMB 58.2 million in 2024[11]. - The wholesale business revenue was approximately RMB 125 million, a decrease of about 6.7% from RMB 134 million in the same period last year[12]. - Profit for the six months ended June 30, 2025, was approximately RMB 43,200,000, an increase of about RMB 1,600,000 compared to RMB 41,600,000 in the same period of 2024[20]. - Revenue for the six months ended June 30, 2025, was RMB 596,928,000, an increase of 7.97% compared to RMB 552,976,000 for the same period in 2024[42]. - Gross profit for the same period was RMB 69,473,000, representing a gross margin of approximately 11.6%[42]. - Operating profit decreased to RMB 50,320,000 from RMB 54,883,000, a decline of 8.5% year-over-year[42]. - Net profit for the period was RMB 43,219,000, up from RMB 41,617,000, reflecting a growth of 3.86%[42]. Assets and Liabilities - Total assets as of June 30, 2025, were approximately RMB 1,638,800,000, a decrease from RMB 1,694,800,000 as of December 31, 2024[25]. - Inventory increased by approximately 18.8% to RMB 68,400,000 as of June 30, 2025, compared to RMB 57,600,000 as of December 31, 2024, to meet future sales plans[23]. - Accounts receivable decreased by approximately 58.7% to RMB 44,500,000 as of June 30, 2025, down from RMB 107,600,000 as of December 31, 2024[24]. - Current liabilities decreased to RMB 852,026,000 from RMB 949,153,000, indicating a reduction of 10.24%[44]. - The capital debt ratio improved from approximately 175.8% as of December 31, 2024, to about 150.5% as of June 30, 2025, due to an increase in total equity and a decrease in bank borrowings[25]. - The group’s net current liabilities as of June 30, 2025, were approximately RMB 256,058,000, highlighting reliance on short-term financing[49]. - The total accounts receivable and other receivables decreased to RMB 401,884,000 as of June 30, 2025, from RMB 508,028,000 as of December 31, 2024, representing a decline of about 21%[73]. - The total liabilities related to accounts payable decreased to RMB 475,030,000 from RMB 531,148,000 as of December 31, 2024, a reduction of about 10.6%[76]. Cash Flow and Financing - The net cash generated from operating activities for the six months ended June 30, 2025, was RMB 63,849,000, significantly higher than RMB 10,851,000 for the same period in 2024, indicating a growth of approximately 487%[46]. - The group recorded a net cash outflow from financing activities of RMB 25,848,000 for the six months ended June 30, 2025, compared to a net inflow of RMB 32,313,000 for the same period in 2024[46]. - Cash and cash equivalents as of June 30, 2025, were RMB 24,904,000, down from RMB 32,087,000 at the end of 2024[43]. - The company reported a net financing cost of RMB (2,433) thousand for the six months ended June 30, 2025, a decrease of 72.5% from RMB (8,867) thousand in the same period of 2024[63]. - The group has obtained additional bank financing after June 30, 2025, to alleviate liquidity pressure and improve financial conditions[50]. Expenses and Cost Management - Sales expenses increased by approximately 44.8% to RMB 13.9 million, primarily due to higher transportation, travel, and employee-related costs[16]. - Administrative and other operating expenses increased by approximately 14.8% to RMB 35,000,000 for the six months ended June 30, 2025, compared to RMB 30,500,000 in the same period of 2024[17]. - The total employee costs for the six months ended June 30, 2025, were approximately RMB 33,400,000, compared to RMB 30,600,000 in the same period of 2024[35]. - The group has implemented multiple cost control measures to improve operating cash flow amid significant uncertainty regarding its ability to continue as a going concern[49]. Strategic Initiatives - The group plans to strengthen supply chain construction and control procurement costs while enhancing R&D capabilities to develop high-value-added products[9]. - The company aims to expand its product line through the development of medicinal and edible aerosol products and cosmetics via its subsidiary Zhejiang Guoyao Jingyue Aerosol Co., Ltd.[9]. - The management will closely monitor domestic and international market trends to adjust strategies for better performance[9]. - The company plans to continue upgrading existing production lines to improve automation and product quality, and expand its sales network and platforms[37]. Shareholder Information - As of June 30, 2025, Mr. Yu holds 250,644,000 shares, representing approximately 50.96% of the company's equity[84]. - Mr. Wang holds 1,200,000 shares, representing approximately 0.24% of the company's equity[84]. - Green Island Investment holds 250,644,000 shares, representing approximately 50.96% of the company's equity[86]. - Ms. Wang holds 250,644,000 shares through spousal rights, representing approximately 50.96% of the company's equity[86]. - Perfect Century Group Limited holds 35,400,000 shares, representing approximately 7.20% of the company's equity[86]. - The total number of issued shares as of June 30, 2025, is 491,800,000 shares[87]. - Perfect Century Group Limited's convertible bonds worth RMB 32,000,000 are no longer convertible into 23,600,000 shares due to a court ruling[88]. - The company has not granted any rights to directors or their family members to purchase shares or debt securities during the reporting period[89]. Governance and Compliance - The Audit Committee is responsible for reviewing the financial reporting procedures and risk management processes of the group[93]. - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by the same individual[96]. - All directors confirmed compliance with the standard code regarding securities trading during the reporting period[97]. - There were no significant post-reporting events from June 30, 2025, to the report date[103]. - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[100]. - There were no stock option plans in place during the reporting period[98]. - The company did not enter into any new significant lease agreements during the six months ended June 30, 2025[69]. - The company has not proposed an interim dividend for the six months ending June 30, 2025, consistent with the previous year[101].

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國綠島科技有限公司 （於開曼群島註冊成立的有限公司） 呈交日期: 2025年9月3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) | 02023 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 2,000,000,000 | | HKD | | 0.01 HKD | | 20,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 HKD | | 20,000,000 | F ...

中国绿岛科技(02023)发布截至2025年6月30日止6个月中期业绩，集团收入人民币5.97亿元，同比增长 7.95%;股东应占溢利4318.3万元，同比增长3.76%;每股盈利0.09元。 ...

格隆汇8月29日丨中国绿岛科技(02023.HK)发布公告，截至2025年6月30日止六个月，集团的收入及纯利 分别约为人民币596,900,000元及约人民币43,200,000元，较2024年同期分别增加约7.9%及约3.8%。公司 拥有人应占利润的每股盈利为约人民币0.09元。 ...

Core Viewpoint - China Green Island Technology (02023) reported a revenue of RMB 597 million for the six months ending June 30, 2025, reflecting a year-on-year growth of 7.95% [1] - The company's net profit attributable to shareholders was RMB 43.183 million, representing a year-on-year increase of 3.76% [1] - Earnings per share stood at RMB 0.09 [1] Financial Performance - Revenue reached RMB 597 million, up 7.95% compared to the previous year [1] - Net profit attributable to shareholders was RMB 43.183 million, an increase of 3.76% year-on-year [1] - Earnings per share recorded at RMB 0.09 [1]

Financial Performance - Revenue for the six months ended June 30, 2025, was RMB 596,928,000, an increase of 7.97% compared to RMB 552,976,000 for the same period in 2024[4] - Gross profit for the same period was RMB 69,473,000, representing a gross margin of approximately 11.6%[4] - Operating profit decreased to RMB 50,320,000 from RMB 54,883,000, a decline of 8.5% year-on-year[4] - Net profit for the period was RMB 43,219,000, up 3.9% from RMB 41,617,000 in the previous year[4] - The group reported a profit attributable to owners of the company of RMB 43,183 thousand for the six months ended June 30, 2025, compared to RMB 41,617 thousand for the same period in 2024, representing a growth of 3.77%[27] - The group's net profit for the six months was approximately RMB 43.2 million, an increase of about 3.8% from RMB 41.6 million in 2024[57] Assets and Liabilities - Total assets as of June 30, 2025, were RMB 1,638,849,000, a decrease from RMB 1,694,817,000 at the end of 2024[5] - Current liabilities decreased to RMB 852,026,000 from RMB 949,153,000, indicating improved liquidity[6] - The company’s total equity increased to RMB 500,819,000 from RMB 447,396,000, reflecting a stronger capital position[6] - The group had non-current assets valued at RMB 832,797 thousand as of June 30, 2025, an increase from RMB 801,048 thousand as of December 31, 2024, indicating growth in asset base[29] - The total liabilities related to accounts payable as of June 30, 2025, is RMB 475.03 million, a decrease from RMB 531.15 million as of December 31, 2024, reflecting a reduction of approximately 10.6%[36] Cash Flow and Financing - Cash and cash equivalents were RMB 24,904,000, down from RMB 32,087,000 at the end of 2024[5] - The group incurred net financing costs of RMB (2,433) thousand for the six months ended June 30, 2025, a decrease from RMB (8,867) thousand in the same period of 2024, indicating improved financing efficiency[20] - The group has secured additional bank financing after June 30, 2025, enhancing its liquidity position[11] - The company has taken measures to alleviate cash flow pressure and improve financial conditions, indicating a proactive approach to financial management[7] - As of June 30, 2025, the company's bank and other borrowings amounted to approximately RMB 585,000,000, a decrease from RMB 637,500,000 as of December 31, 2024[64] Revenue Breakdown - Revenue from the mainland China market was RMB 487,867 thousand, up from RMB 443,469 thousand, reflecting an increase of 10%[15] - The group's CMS business revenue for the same period was approximately RMB 403.3 million, reflecting an increase of about 11.8% from RMB 360.8 million in 2024[47] - The OBM business revenue reached approximately RMB 68.7 million, marking an increase of about 18.0% from RMB 58.2 million in 2024[48] - The wholesale business revenue decreased by approximately 6.7% to RMB 125.0 million from RMB 134.0 million in 2024[49] Expenses and Cost Management - Sales expenses increased by approximately 44.8% to RMB 13.9 million, primarily due to higher transportation, travel, and employee compensation costs[53] - Administrative and other operating expenses rose by approximately 14.8% to RMB 35.0 million, driven by increased employee compensation and research and development expenses[54] - The company has implemented multiple cost control measures to improve operating cash flow, reflecting a strategic focus on financial health[11] Research and Development - Research and development costs for the six months ended June 30, 2025, included employee benefits of RMB 3,596 thousand and materials and others of RMB 8,135 thousand, showing a focus on innovation[19] Corporate Governance - The company has adhered to the corporate governance code as per the listing rules, except for the separation of the roles of Chairman and CEO, which are held by Mr. Yu Yue Rong[82] - The board believes that having the same individual serve as both Chairman and CEO provides strong and consistent market leadership, essential for effective business planning and decision-making[82] - All major decisions are consulted with board members, and three independent non-executive directors provide independent insights to ensure a balance of power within the board[82] - The company has adopted the standard code of conduct for securities trading by directors as per the listing rules, and all directors have confirmed compliance during the reporting period[83] Employee and Operational Metrics - The company employed a total of 493 employees as of June 30, 2025, an increase from 466 employees as of June 30, 2024[71] - The total employee costs during the reporting period were approximately RMB 33,400,000, compared to RMB 30,600,000 for the same period in 2024, reflecting an increase of about 5.9%[71] Future Outlook - The company plans to continue upgrading existing production lines to improve automation levels and product quality, as well as expand and develop sales networks and platforms[73] - The company believes that its existing financial resources, along with funds generated from operations, will be sufficient to meet future expansion plans[66] Dividend and Shareholder Information - The company did not recommend any interim dividend for the six months ended June 30, 2025, consistent with the previous year[41] - The board does not recommend the payment of an interim dividend for the six months ended June 30, 2025, compared to no dividend in 2024[78] - Shareholders who opt for printed copies will receive the interim report at an appropriate time[84] Miscellaneous - The company has not conducted any fundraising activities during the reporting period and up to the date of the announcement[67] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period[74] - As of June 30, 2025, the company had no significant contingent liabilities, consistent with the previous year[69] - The interim report for the reporting period will be published on the Hong Kong Stock Exchange website and the company's website[84] - The board consists of three executive directors and three independent non-executive directors, ensuring a diverse governance structure[85]

格隆汇8月19日丨中国绿岛科技(02023.HK)公布，公司将于2025年8月29日召开董事会会议，以(其中包 括)审议及通过集团截至2025年6月30日止六个月的中期业绩及其发布，以及宣派中期股息(如有)。 相关事件 中国绿岛科技(02023.HK)将于8月29日召开董事会会议以审批中期业绩 中国绿岛科技(02023.HK)2024年 度收入约9.07亿元 同比上升约28.5% ...

中國綠島科技有限公司（「本公司」）董事會（「董事會」）謹此宣佈將於二零二五年 八月二十九日（星期五）下午四時正在香港灣仔皇后大道東248號大新金融中心20 樓2003室會議室舉行董事會會議，藉以（其中包括）考慮及酌情批准本公司及其附 屬公司截至二零二五年六月三十日止六個月之中期業績及其刊發，以及考慮建議 派發中期股息（如有）。 承董事會命 中國綠島科技有限公司 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之內容概不負責， 對其準確性或完整性亦不發表任何聲明，亦明確表示概不就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之任何損失承擔任何責任。 China Ludao Technology Company Limited 中 國 綠 島 科 技 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：2023） 董事會會議通知 主席兼執行董事 虞岳榮 香港，二零二五年八月十九日 於本公告日期，董事會成員包括三名執行董事，即虞岳榮先生、王小兵先生及潘伊 莉女士；及三名獨立非執行董事，即陳彥璁先生、阮連法先生及丘潔娟女士。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國綠島科技有限公司 （於開曼群島註冊成立的有限公司） FF301 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02023 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 HKD | | 20,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 HKD | | 20,000,000 | 本 ...