FF301 | 截至月份: | 2025年9月30日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | 映美控股有限公司 | | | | 呈交日期: | 2025年10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) | 02028 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | ...

Jolimark Holdings Limited 映美控股有限公司 (於開曼群島註冊成立之有限公司) 股份代號：2028 2025 中期報告 目錄 2 公司資料 3 管理層討論與分析 8 中期財務報表審閱報告 10 簡明綜合中期財務狀況表 12 簡明綜合中期損益表 13 簡明綜合中期全面收益表 14 簡明綜合中期權益變動表 15 簡明綜合中期現金流量表 16 簡明綜合中期財務報表附註 37 其他資料 公司資料 董事 執行董事 歐栢賢先生 （主席） 歐國倫先生 （行政總裁） 非執行董事 歐國良先生 獨立非執行董事 簡麗娟女士 孫寶源先生 楊國強先生 註冊辦事處 Windward 3 Regatta Office Park PO Box 1350 Grand Cayman KY1-1108 Cayman Islands 香港主要營業地點 香港 北角 渣華道191 號 嘉華國際中心 21 樓07 室 公司秘書 賴世和先生 授權代表 歐國倫先生 賴世和先生 審核委員會 簡麗娟女士 （主席） 孫寶源先生 楊國強先生 薪酬委員會 楊國強先生 （主席） 孫寶源先生 簡麗娟女士 歐國倫先生 提名委員會 簡麗娟女士 （主席） ...

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: | 映美控股有限公司 | | | | 呈交日期: | 2025年9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) | 02028 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD ...

Group 1 - The company reported a revenue of 70.195 million, representing a year-on-year decrease of 16.67% [1] - The loss attributable to shareholders was 30.935 million, which is a year-on-year reduction of 28.73% [1] - The loss per share was 0.05 yuan [1] Group 2 - The decline in revenue is primarily attributed to the ongoing implementation of digital electronic invoices in mainland China and insufficient market demand [1]

Core Viewpoint - The company reported a significant decline in revenue and a reduction in losses compared to the previous year, primarily due to market demand issues stemming from the implementation of digital electronic invoices in mainland China [1] Financial Performance - The company's revenue for the six months ending June 30, 2025, was approximately RMB 70,195,000, representing a decrease of about 17% compared to the same period last year [1] - The loss attributable to shareholders was approximately RMB 30,935,000, an improvement from a loss of approximately RMB 43,406,000 in the first half of 2024 [1] Market Conditions - The decline in revenue is attributed to insufficient demand in the printer market, which is impacted by the ongoing nationwide implementation of digital electronic invoices in mainland China [1] - The company also recognized asset impairment, contributing to the financial results [1]

Group 1 - The core viewpoint of the article is that Yingmei Holdings (02028) reported a decline in revenue and an increase in losses for the six months ending June 30, 2025 [1] - The company achieved revenue of 70.195 million yuan, representing a year-on-year decrease of 16.67% [1] - The loss attributable to shareholders was 30.935 million yuan, which is a year-on-year decrease of 28.73% [1] - The loss per share was 0.05 yuan [1] Group 2 - The revenue decline is primarily attributed to the ongoing implementation of digital electronic invoices in mainland China and insufficient market demand [1]

[Condensed Consolidated Interim Financial Statements](index=1&type=section&id=Condensed%20Consolidated%20Interim%20Financial%20Statements) [Condensed Consolidated Interim Statement of Profit or Loss](index=1&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Profit%20or%20Loss) For the six months ended June 30, 2025, the company's revenue decreased by 16.67% year-on-year, gross profit turned from loss to gain, but operating loss and loss for the period persisted, with basic loss per share narrowing to RMB0.050 | Metric | 2025 (RMB Thousand) | 2024 (RMB Thousand) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 70,195 | 84,237 | -16.67% | | Cost of Goods Sold | (67,219) | (88,210) | -23.80% | | Gross Profit / (Loss) | 2,976 | (3,973) | Turned from Loss to Profit | | Other Income | 1,571 | 691 | 127.35% | | Selling and Distribution Expenses | (10,605) | (13,276) | -19.97% | | Administrative Expenses | (15,127) | (17,695) | -14.51% | | Research and Development Expenses | (7,068) | (6,768) | 4.43% | | Operating Loss | (28,705) | (38,530) | -25.49% | | Loss for the Period | (31,000) | (43,495) | -28.73% | | Loss Attributable to Equity Holders of the Company | (30,935) | (43,406) | -28.74% | | Basic Loss Per Share (RMB) | (0.050) | (0.071) | -29.58% | [Condensed Consolidated Interim Statement of Comprehensive Income](index=3&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Comprehensive%20Income) For the six months ended June 30, 2025, the company's total comprehensive loss for the period narrowed to RMB32,723,000, primarily due to reduced loss for the period, despite other comprehensive loss from fair value changes in equity investments | Metric | 2025 (RMB Thousand) | 2024 (RMB Thousand) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Loss for the Period | (31,000) | (43,495) | -28.73% | | Fair Value Change of Equity Investments at Fair Value Through Other Comprehensive Income | (676) | (3,487) | -80.60% | | Income Tax Relating to These Items | (1,047) | 713 | Tax Impact Change | | Other Comprehensive Loss for the Period, Net of Tax | (1,723) | (2,774) | -37.81% | | Total Comprehensive Loss for the Period | (32,723) | (46,269) | -29.29% | | Total Comprehensive Loss Attributable to Equity Holders of the Company | (32,620) | (46,100) | -29.24% | [Condensed Consolidated Interim Statement of Financial Position](index=4&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Financial%20Position) As of June 30, 2025, the company's total assets and shareholders' equity significantly decreased, with current liabilities exceeding current assets, indicating substantial financial pressure | Metric | June 30, 2025 (RMB Thousand) | December 31, 2024 (RMB Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | **Assets** | | | | | Non-current Assets | 66,021 | 79,868 | -17.34% | | Current Assets | 93,049 | 126,270 | -26.31% | | Total Assets | 159,070 | 206,138 | -22.83% | | **Equity** | | | | | Capital and Reserves Attributable to Equity Holders of the Company | (21,416) | 11,204 | Turned from Profit to Loss | | Non-controlling Interests | (1,976) | (1,873) | 5.50% | | Total Equity | (23,392) | 9,331 | Turned from Profit to Loss | | **Liabilities** | | | | | Non-current Liabilities | 28,633 | 24,448 | 17.12% | | Current Liabilities | 153,829 | 172,359 | -10.75% | | Total Liabilities | 182,462 | 196,807 | -7.39% | [Notes to the Condensed Consolidated Interim Financial Statements](index=6&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Interim%20Financial%20Statements) [General Information](index=6&type=section&id=General%20Information) Jolimark Holdings Limited, incorporated in the Cayman Islands, primarily manufactures and sells printers and other electronic/non-electronic products in Mainland China, listed on the HKEX since 2005 - The company is incorporated in the Cayman Islands, with its principal business being the manufacture and sale of printers and other electronic/non-electronic products in Mainland China[9](index=9&type=chunk) - The company has been listed on the Main Board of The Stock Exchange of Hong Kong Limited since **June 29, 2005**[10](index=10&type=chunk) [Basis of Preparation](index=6&type=section&id=Basis%20of%20Preparation) The interim financial statements are prepared under HKAS 34, but the company faces significant going concern uncertainties, including losses, net operating cash outflows, and current liabilities exceeding current assets, with management implementing mitigation plans - For the six months ended June 30, 2025, the Group recorded a **loss of approximately RMB31,000,000** and **net operating cash outflows of approximately RMB2,315,000**[13](index=13&type=chunk) - As of June 30, 2025, the Group's **current liabilities exceeded its current assets by approximately RMB60,780,000**[13](index=13&type=chunk) - The Group has implemented several mitigation measures, including the successful renewal of bank borrowings of **RMB20,000,000**, an expected stable demand in the domestic dot matrix printer market and expansion into emerging markets, strict cost control, and securing standby financing of **RMB35,000,000** from the controlling shareholder[16](index=16&type=chunk)[18](index=18&type=chunk) [Accounting Policies](index=8&type=section&id=Accounting%20Policies) The Group adopted HKAS 21 (Revised) "Lack of Exchangeability" with no significant impact, and new/revised standards issued but not yet effective are not expected to materially affect operations - The Group mandatorily adopted HKAS 21 (Revised) "Lack of Exchangeability" for the financial year beginning January 1, 2025, with **no significant impact on accounting policies**[21](index=21&type=chunk) - New and revised standards issued but not yet effective, including HKFRS 9 and HKFRS 7 (Amendments), are **not expected to have a material impact** on the Group's operations[22](index=22&type=chunk)[23](index=23&type=chunk) [Segment Information](index=9&type=section&id=Segment%20Information) The Group's main operating segments are printers and other products, with printer business contributing approximately 89% of total revenue for the six months ended June 30, 2025, though both segments recorded losses Segment Performance (RMB Thousand) | Metric | Printers (RMB Thousand) | Other Products (RMB Thousand) | Total (RMB Thousand) | | :--- | :--- | :--- | :--- | | **Six Months Ended June 30, 2025** | | | | | Revenue from External Customers | 62,581 | 7,614 | 70,195 | | Segment Results | (12,872) | (1,825) | (14,697) | | Selling and Distribution Expenses | (8,247) | (2,358) | (10,605) | | Research and Development Expenses | (6,954) | (114) | (7,068) | | **Six Months Ended June 30, 2024** | | | | | Revenue from External Customers | 71,741 | 12,496 | 84,237 | | Segment Results | (24,390) | 373 | (24,017) | | Selling and Distribution Expenses | (12,499) | (777) | (13,276) | | Research and Development Expenses | (5,452) | (1,316) | (6,768) | Revenue by Region (RMB Thousand) | Region | 2025 (RMB Thousand) | 2024 (RMB Thousand) | | :--- | :--- | :--- | | In Mainland China | 67,216 | 82,009 | | Overseas | 2,979 | 2,228 | | Total | 70,195 | 84,237 | - For the six months ended June 30, 2025, approximately **24% of total revenue** was derived from a single external customer in the printer segment (2024: 44%)[26](index=26&type=chunk) [Income Tax Expense](index=11&type=section&id=Income%20Tax%20Expense) The Group's income tax expense primarily includes Hong Kong profits tax, dividend withholding tax, and deferred income tax, with varying corporate income tax rates for Mainland China entities based on high-tech enterprise status Income Tax Expense (RMB Thousand) | Tax Category | 2025 (RMB Thousand) | 2024 (RMB Thousand) | | :--- | :--- | :--- | | Current Income Tax Expense | | | | - Hong Kong Profits Tax | 25 | – | | - Dividend Withholding Tax | 25 | – | | Deferred Income Tax | 37 | – | | Total | 87 | – | - The Hong Kong profits tax rate is **16.5%**[28](index=28&type=chunk) - Jiangyu Information, a principal operating entity, enjoys a preferential corporate income tax rate of **15%** due to its High and New Technology Enterprise qualification (2024: 15%), while other Mainland China entities are taxed at **25%**[29](index=29&type=chunk) - Dividends paid to foreign investors are subject to a **10% withholding income tax**, with a reduced rate of **5%** applicable to Hong Kong companies under tax treaty arrangements[30](index=30&type=chunk) [Loss Per Share](index=12&type=section&id=Loss%20Per%20Share) For the six months ended June 30, 2025, the company's basic and diluted loss per share both narrowed to RMB0.050, with share options excluded from diluted loss calculation due to their anti-dilutive effect Loss Per Share (RMB) | Metric | 2025 (RMB) | 2024 (RMB) | | :--- | :--- | :--- | | Basic and Diluted Loss Per Share | (0.050) | (0.071) | - The **700,000 outstanding share options** were not included in the calculation of diluted loss per share as they had an anti-dilutive effect[33](index=33&type=chunk) [Dividends](index=12&type=section&id=Dividends) The Board does not recommend an interim dividend for the six months ended June 30, 2025, consistent with the prior year - The Board of Directors does not recommend the payment of an interim dividend for the six months ended June 30, 2025 (six months ended June 30, 2024: nil)[34](index=34&type=chunk) [Trade and Other Receivables](index=13&type=section&id=Trade%20and%20Other%20Receivables) As of June 30, 2025, total trade and other receivables significantly decreased to RMB29,288,000, primarily due to a substantial drop in bills receivable, while overdue trade receivables increased Trade and Other Receivables (RMB Thousand) | Metric | June 30, 2025 (RMB Thousand) | December 31, 2024 (RMB Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Trade Receivables - Third Parties (Net) | 14,347 | 13,540 | 5.96% | | Bills Receivable (Net) | 1,878 | 15,547 | -87.91% | | Prepayments - Third Parties | 2,995 | 1,557 | 92.36% | | Other Receivables (Net) | 9,968 | 10,186 | -2.00% | | Total | 29,288 | 40,930 | -28.44% | Trade Receivables Aging (RMB Thousand) | Trade Receivables Aging | June 30, 2025 (RMB Thousand) | December 31, 2024 (RMB Thousand) | | :--- | :--- | :--- | | Less than 30 days | 5,704 | 7,681 | | 31 to 90 days | 4,950 | 3,335 | | 91 to 180 days | 2,647 | 2,109 | | 181 to 365 days | 1,043 | 415 | | Over 365 days | 3 | – | | Total | 14,347 | 13,540 | - As of June 30, 2025, approximately **RMB5,101,000 of trade receivables were overdue** (December 31, 2024: RMB3,715,000)[36](index=36&type=chunk) [Trade and Other Payables](index=14&type=section&id=Trade%20and%20Other%20Payables) As of June 30, 2025, total trade and other payables increased to RMB54,185,000, primarily driven by a rise in trade payables Trade and Other Payables (RMB Thousand) | Metric | June 30, 2025 (RMB Thousand) | December 31, 2024 (RMB Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Trade Payables - Third Parties | 38,742 | 26,874 | 44.16% | | Other Payables and Accrued Expenses - Third Parties | 13,820 | 12,362 | 11.79% | | Other Payables and Accrued Expenses - Related Parties | 585 | 4,779 | -87.79% | | Refund Liabilities - Third Parties | 642 | 861 | -25.44% | | Dividends Payable | 396 | 396 | 0.00% | | Total | 54,185 | 45,272 | 19.69% | Trade Payables Aging (RMB Thousand) | Trade Payables Aging | June 30, 2025 (RMB Thousand) | December 31, 2024 (RMB Thousand) | | :--- | :--- | :--- | | Less than 30 days | 2,314 | 4,755 | | 31 to 90 days | 22,757 | 14,051 | | 91 to 180 days | 11,719 | 6,606 | | 181 to 365 days | 578 | 385 | | Over 365 days | 1,374 | 1,077 | | Total | 38,742 | 26,874 | [Management Discussion and Analysis](index=15&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review](index=15&type=section&id=Business%20Review) For the six months ended June 30, 2025, both the Group's printer and other product businesses experienced revenue declines, mainly due to the widespread adoption of electronic invoices in Mainland China and reduced consumables sales [Printer Business](index=15&type=section&id=Printer%20Business) Printer business revenue was approximately RMB62,581,000, accounting for about 89% of total revenue, a decrease of approximately 13% year-on-year, primarily due to the full implementation of digital electronic invoices and insufficient market demand in Mainland China - Printer business revenue was approximately **RMB62,581,000**, accounting for approximately **89% of the Group's total revenue**[38](index=38&type=chunk) - Printer business revenue decreased by approximately **13%** compared to the same period in 2024, primarily due to the continued widespread implementation of digital electronic invoices in Mainland China and insufficient market demand[38](index=38&type=chunk) [Other Products](index=15&type=section&id=Other%20Products) Other products business revenue was approximately RMB7,614,000, accounting for about 11% of total revenue, a decrease of approximately 39% year-on-year, mainly due to reduced consumables sales in 2025 - Other products business revenue was approximately **RMB7,614,000**, accounting for approximately **11% of the Group's total revenue**[39](index=39&type=chunk) - Other products business revenue decreased by approximately **39%** compared to the same period in 2024, primarily due to reduced consumables sales in 2025[39](index=39&type=chunk) [Future Business Outlook](index=15&type=section&id=Future%20Business%20Outlook) Despite the decline in traditional printer business, the medical product business is steadily growing, and the company plans to optimize printer products, explore new printing scenarios, launch AI-powered inkjet printers, develop self-service terminal businesses, and expand medical device product lines for new growth - The company anticipates that the Chinese government will continue to introduce various policies to stimulate consumption and support manufacturing in 2025, with **market demand expected to recover**[40](index=40&type=chunk) - The company will continue to focus on the enterprise and industry document printing market, launch the web version of the E-billing inventory management software, and plans to introduce new versions of archive box printers and grand theater ticket thermal printers[41](index=41&type=chunk) - In the inkjet printing business, the "Cai Zhi e-Office" series of printers, featuring AI automatic content recognition, has been launched, and upgraded continuous paper inkjet printers and card inkjet printers are expected to be released in 2025[42](index=42&type=chunk) - In the self-service terminal business, sales of AI-powered robotic arm coffee vending machines, wearable nail art machines, and nail art machines are showing an **upward trend**[43](index=43&type=chunk) - In medical devices, the company has obtained the China medical device product registration certificate for its 5L desktop oxygen concentrator, plans to have a full product line of portable oxygen concentrators equivalent to 3L to 8L by the end of 2025, and is developing 7L and 10L desktop models, discussing in-car oxygen concentrator business with automotive manufacturers, and collaborating with Guangzhou Mingyi Technology on invasive ventilator R&D[44](index=44&type=chunk)[45](index=45&type=chunk) [Financial Review](index=17&type=section&id=Financial%20Review) For the six months ended June 30, 2025, the Group's operating revenue decreased by 17% year-on-year, and loss attributable to shareholders narrowed, but total assets and shareholders' equity declined, liquidity ratio deteriorated, and gearing ratio increased, indicating ongoing financial challenges [Performance Summary](index=17&type=section&id=Performance%20Summary) For the six months ended June 30, 2025, operating revenue was approximately RMB70,195,000, a decrease of about 17% year-on-year, with loss attributable to shareholders narrowing to RMB30,935,000, primarily due to insufficient printer market demand and asset impairment - Operating revenue was approximately **RMB70,195,000**, a decrease of approximately **17%** compared to the same period last year[46](index=46&type=chunk) - Loss attributable to equity holders of the Company was approximately **RMB30,935,000**, narrowing from a loss of RMB43,406,000 in the same period last year[46](index=46&type=chunk) - Basic loss per share was approximately **RMB0.050** (2024: RMB0.071)[46](index=46&type=chunk) - The loss was primarily due to insufficient market demand for printers caused by the continued widespread implementation of digital electronic invoices in Mainland China, and the recognition of asset impairment[46](index=46&type=chunk) [Sales and Gross Profit Analysis](index=17&type=section&id=Sales%20and%20Gross%20Profit%20Analysis) Total sales revenue for the first half of 2025 was RMB70,195,000, a decrease of approximately 17% year-on-year, mainly due to insufficient printer market demand, while consolidated gross profit increased to RMB2,976,000, with a gross margin of 4%, primarily due to significantly reduced asset impairment - Total sales revenue was **RMB70,195,000**, a decrease of approximately **17%** compared to the same period in 2024[47](index=47&type=chunk) - Consolidated gross profit was **RMB2,976,000**, with the consolidated gross profit margin increasing to **4%**, primarily due to a significant reduction in asset impairment compared to the same period in 2024[47](index=47&type=chunk) [Capital Expenditure](index=17&type=section&id=Capital%20Expenditure) For the six months ended June 30, 2025, the Group's capital expenditure was approximately RMB1,629,000, primarily for the acquisition of production equipment and customization of product molds - Capital expenditure was approximately **RMB1,629,000**, primarily for the acquisition of production equipment and customization of product molds[48](index=48&type=chunk) [Assets, Liabilities and Liquidity](index=18&type=section&id=Assets%2C%20Liabilities%20and%20Liquidity) As of June 30, 2025, the Group's total assets were approximately RMB159,070,000, a 22.83% decrease from the end of 2024, with shareholders' equity turning from profit to loss, liquidity ratio declining to 0.60, and gearing ratio rising to 72.7%, indicating increased liquidity pressure Financial Position and Liquidity (RMB Thousand) | Metric | June 30, 2025 (RMB Thousand) | December 31, 2024 (RMB Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 159,070 | 206,138 | -22.83% | | Equity Holders of the Company | (21,416) | 11,204 | Turned from Profit to Loss | | Current Liabilities | 153,829 | 172,359 | -10.75% | | Current Ratio | 0.60 | 0.73 | -17.81% | | Cash and Cash Equivalents and Restricted Cash | 12,128 | 24,714 | -50.92% | | Total Borrowings | 115,618 | 140,797 | -17.99% | | Gearing Ratio | 72.7% | 68.3% | 6.44% | | Bills Receivable | 1,886 | 15,617 | -87.91% | - The decrease in the current ratio was primarily due to a **decrease in current assets of approximately RMB33,221,000** during the year[49](index=49&type=chunk) [Financial Assets at Fair Value Through Other Comprehensive Income](index=18&type=section&id=Financial%20Assets%20at%20Fair%20Value%20Through%20Other%20Comprehensive%20Income) As of June 30, 2025, the Group's equity investments in private enterprises had a fair value of RMB8,645,000, with a significant portion in Elephant Cloud Information Technology Co., Ltd., aligning with the strategy to invest in companies with synergistic effects - As of June 30, 2025, the fair value of the company's investments was **RMB8,645,000** (December 31, 2024: RMB9,321,000)[52](index=52&type=chunk) - Of this, a **0.33% equity interest** in Elephant Cloud Information Technology Co., Ltd. (engaged in invoice and tax information management service solutions) accounted for **RMB6,312,000**, representing approximately **73.01%** of the Group's financial assets at fair value through other comprehensive income[52](index=52&type=chunk) - The company's investment strategy is to invest in companies engaged in upstream or downstream industries that generate **synergistic effects** with the Group's business[53](index=53&type=chunk) [Pledged Assets](index=18&type=section&id=Pledged%20Assets) As of June 30, 2025, property, plant and equipment, and right-of-use assets totaling RMB37,858,000 were pledged as collateral for the Group's bank borrowings of RMB88,000,000 - As of June 30, 2025, property, plant and equipment and right-of-use assets totaling **RMB37,858,000** were pledged as collateral for the Group's bank borrowings of **RMB88,000,000**[54](index=54&type=chunk) [Foreign Currency Risk](index=19&type=section&id=Foreign%20Currency%20Risk) The Group faces foreign currency exchange risk from assets and liabilities denominated in HKD, USD, TWD, and EUR, primarily due to raw material imports, overseas sales, and foreign currency borrowings, which is managed by reviewing net exposures and reducing financial liabilities when necessary - The Group is exposed to foreign currency exchange risk arising from assets and liabilities denominated in HKD, USD, TWD, and EUR, primarily due to the import of raw materials and machinery, sales to overseas customers, and foreign currency borrowings[55](index=55&type=chunk) - The Group manages and monitors this risk by regularly reviewing its net foreign currency exposure and mitigating the impact of exchange rate fluctuations by reducing financial liabilities when necessary[55](index=55&type=chunk) [Acquisitions and Disposals of Subsidiaries, Associates and Joint Ventures](index=19&type=section&id=Acquisitions%20and%20Disposals%20of%20Subsidiaries%2C%20Associates%20and%20Joint%20Ventures) The Group had no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the period - The Group had **no significant acquisitions or disposals** of subsidiaries, associates, or joint ventures during the period[56](index=56&type=chunk) [Contingent Liabilities](index=19&type=section&id=Contingent%20Liabilities) As of June 30, 2025, the Group had no significant contingent liabilities - As of June 30, 2025, the Group had **no significant contingent liabilities** (December 31, 2024: nil)[57](index=57&type=chunk) [Employees](index=19&type=section&id=Employees) As of June 30, 2025, the Group employed 541 staff, a decrease from 572 at the end of 2024, with most employees in Mainland China, compensated based on performance, and offered benefits including social insurance, medical subsidies, housing provident funds, and a share option scheme - As of June 30, 2025, the Group employed a total of **541 staff** (December 31, 2024: 572 staff)[58](index=58&type=chunk) - All Group employees, except for **6 staff employed in Hong Kong and overseas**, are located in Mainland China[58](index=58&type=chunk) - The Group applies a salary and bonus policy based on performance and individual employee contributions, provides benefits such as social insurance, medical subsidies, and housing provident funds, and has adopted a share option scheme to reward and incentivize employees[58](index=58&type=chunk) [Post-Balance Sheet Events](index=19&type=section&id=Post-Balance%20Sheet%20Events) There were no other significant events subsequent to the period and up to the date of this announcement - There were **no other significant events** subsequent to the period and up to the date of this announcement[59](index=59&type=chunk) [Interim Dividend](index=19&type=section&id=Interim%20Dividend) The Board does not recommend an interim dividend for the six months ended June 30, 2025, consistent with the prior year - The Board of Directors does not recommend the payment of an interim dividend for the six months ended June 30, 2025 (six months ended June 30, 2024: nil)[60](index=60&type=chunk) [Other Information](index=20&type=section&id=Other%20Information) [Compliance with Corporate Governance Code](index=20&type=section&id=Compliance%20with%20Corporate%20Governance%20Code) The company adhered to all code provisions of the Corporate Governance Code for the six months ended June 30, 2025, except for the Chairman's absence from the AGM due to other business commitments, constituting a deviation from code provision F.2.2 - The company complied with **all code provisions** of the Corporate Governance Code as set out in Appendix C1 to the Listing Rules for the six months ended June 30, 2025[61](index=61&type=chunk) - A deviation from code provision F.2.2 of the Corporate Governance Code occurred as Mr Ou Baixian, the Chairman of the Board, was **unable to attend the Annual General Meeting** held on May 28, 2025[61](index=61&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=20&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company%27s%20Listed%20Securities) Neither the company nor its subsidiaries purchased, sold, or redeemed any of the company's listed securities during the six months ended June 30, 2025 - Neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities during the six months ended June 30, 2025[62](index=62&type=chunk) [Standard Code for Securities Transactions](index=20&type=section&id=Standard%20Code%20for%20Securities%20Transactions) The company adopted the Model Code for Securities Transactions by Directors of Listed Issuers and confirmed full compliance by all directors for the six months ended June 30, 2025 - The company has adopted the **Model Code for Securities Transactions by Directors of Listed Issuers** as its own code of conduct regarding directors' securities transactions[63](index=63&type=chunk) - All directors confirmed full compliance with the requirements set out in the Model Code for the six months ended June 30, 2025[63](index=63&type=chunk) [Review of Condensed Consolidated Interim Financial Information](index=20&type=section&id=Review%20of%20Condensed%20Consolidated%20Interim%20Financial%20Information) The Group's unaudited condensed consolidated interim financial information for the six months ended June 30, 2025, was reviewed by the Audit Committee and by independent auditor Gadori CPA Limited in accordance with HKSRE 2410 - The Group's unaudited condensed consolidated interim financial information for the six months ended June 30, 2025, has been **reviewed by the Audit Committee**[64](index=64&type=chunk) - The financial information has also been reviewed by the independent auditor, Gadori CPA Limited, in accordance with **Hong Kong Standard on Review Engagements 2410** issued by the Hong Kong Institute of Certified Public Accountants[65](index=65&type=chunk) [Publication of Interim Results Announcement and Interim Report](index=21&type=section&id=Publication%20of%20Interim%20Results%20Announcement%20and%20Interim%20Report) This interim results announcement is published on the HKEX and company websites, and the interim report for the six months ended June 30, 2025, will be dispatched to shareholders and available on these websites in due course - This interim results announcement is published on the HKEX website (www.hkexnews.hk) and the company's website (www.jolimark.com)[66](index=66&type=chunk) - The company's interim report for the six months ended June 30, 2025, will be dispatched to the company's shareholders and made available on the aforementioned websites in due course[66](index=66&type=chunk)

Group 1 - The company, Yingmei Holdings (02028), announced an expected loss of between RMB 30 million and RMB 35 million for the six months ending June 30, 2025, which is lower than the previous estimate made by the board in August [1] - The reduction in the expected loss is primarily due to a decrease in asset impairment provisions [1]

Core Viewpoint - The company expects a loss of between RMB 30 million and RMB 35 million for the six months ending June 30, 2025, which is lower than the previous estimate made in August due to a reduction in asset impairment provisions [1] Financial Summary - The anticipated loss range is RMB 30 million to RMB 35 million for the upcoming six-month period [1] - The revised estimate reflects a decrease in asset impairment provisions compared to earlier forecasts [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。 JOLIMARK HOLDINGS LIMITED 映美控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：2028） 盈利警告更新 本 公 告 乃 由 映 美 控 股 有 限 公 司（「本公司」）根 據 香 港 法 例 第571章證券及期貨條 例 第XIVA部 項 下 內 幕 消 息 條 文（定 義 見 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則 （「上市規則」））及 上 市 規 則 第13.09(2)條 而 作 出。 茲 提 述 本 公 司 日 期 為 二 零 二 五 年 八 月 十 二 日 的 盈 利 警 告 公 告（「八月公告」）， 內容有關本集團預期截至二零二五年六月三十日止六個月錄得介乎人民幣35 百萬元至人民幣40百 萬 元 的 虧 損，而 於 二 零 二 四 年 同 期 的 虧 損 則 約 為 人 民 ...