Financial Performance - Revenue for the year ended December 31, 2025, was HKD 917,179,000, a decrease of 60.8% compared to HKD 359,779,000 in 2024[2] - Gross profit for the same period was HKD 164,240,000, down 86.3% from HKD 22,513,000 in 2024[2] - The adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was HKD 68,760,000, reflecting a decline of 164.2% from a loss of HKD 44,121,000 in the previous year[2] - The net loss attributable to shareholders was HKD 59,125,000, a significant increase of 310.6% compared to a profit of HKD 28,081,000 in 2024[2] - Basic and diluted loss per share was HKD (4.9), a decrease of 313.0% from HKD 2.3 in the previous year[2] - Total revenue for the group was HKD 359,779,000 in 2025, down from HKD 917,179,000 in 2024, indicating a decrease of about 61%[17] - The gross profit margin for the fiscal year ending December 31, 2025, decreased to approximately 6.3%, down from 17.9% for the fiscal year ending December 31, 2024[40] - Sales costs decreased by 55.2% to approximately HKD 337.3 million for the fiscal year ending December 31, 2025, compared to HKD 752.9 million for the previous year[39] - Administrative expenses reduced to approximately HKD 122.2 million for the fiscal year ending December 31, 2025, down from HKD 148.0 million in the previous year, primarily due to decreases in R&D costs and salaries[42] Assets and Liabilities - Total assets as of December 31, 2025, were HKD 948,324,000, down from HKD 1,414,029,000 in 2024[6] - Cash and cash equivalents decreased to HKD 59,313,000 from HKD 290,996,000 in 2024[6] - Trade receivables dropped significantly to HKD 71,847,000 from HKD 226,450,000 in the previous year[6] - The company's equity attributable to shareholders decreased to HKD 688,226,000 from HKD 731,900,000 in 2024[6] - Total liabilities amounted to HKD 682,129,000, with current liabilities at HKD 260,098,000 and non-current liabilities at HKD 422,031,000[7] - The company reported a total equity of HKD 1,414,029,000, indicating a strong financial position[7] - The company’s lease liabilities were recorded at HKD 14,771,000, reflecting its commitments in leasing arrangements[7] - Trade payables were reported at HKD 12,313,000, showing the company's short-term obligations to suppliers[7] - The income tax liabilities stood at HKD 279,117,000, indicating the tax obligations the company needs to settle[7] Operational Highlights - The company is primarily engaged in the production and trading of aluminum products, which is its main revenue source[8] - The company implemented cost-saving measures to streamline its cost structure and improve efficiency amid declining sales volumes[36] - The overall revenue from all regions, particularly Australia and Vietnam, decreased by approximately 51% and 74%, respectively, compared to the previous year[38] - The company has been focusing on customer base expansion through regional diversification strategies to enhance competitiveness[36] Government Grants and Taxation - The company received government grants totaling HKD 1,152,000 in 2025, down from HKD 2,149,000 in 2024, a decrease of approximately 46%[24] - The company received a tax credit of approximately HKD 47.6 million due to exemptions from Chinese income tax for the current year, with an expected tax credit of about HKD 19.2 million for the year ending December 31, 2024[47] Employment and Corporate Governance - As of December 31, 2025, the group employed approximately 539 employees, a decrease from approximately 721 employees as of December 31, 2024[63] - Employee costs for the year amounted to approximately HKD 76.0 million, down from approximately HKD 86.9 million for the year ending December 31, 2024[63] - The audit committee consists of three independent non-executive directors, ensuring oversight of the group's financial reporting and internal controls[70] - The company has maintained high standards of corporate governance and has adhered to the corporate governance code throughout the year, with one exception regarding the roles of the chairman and CEO[67][68] Future Outlook - The company anticipates ongoing challenges in the global trade environment, including tariffs and geopolitical tensions, which may impact operational costs and market visibility[48] - There were no significant investments, acquisitions, or sales of subsidiaries or joint ventures during the year[49] - The company does not plan to declare a final dividend for the current year, consistent with the previous year[60]

（於開曼群島註冊成立的有限公司） （股份代號：2078） 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佈之內容概不 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 就 因 本 公 佈 全 部 或 任 何 部 分 內 容 而 產 生 或 因 依 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 榮 陽 實 業 集 團 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 二 十 六 日（星 期 四）舉 行 董 事 會 會 議 藉 以（其 中 包 括）考 慮 及 批 准 本 公 司 截 至 二 零 二 五 年 十 二 月 三 十 一 日 止 年 度 之 全 年 業 績，及 考 慮 有 關 宣 派 末 期 股 息 （如 有）之 建 議。 PanAsialum Holdings Company Limited 承董事會命 榮陽實業集團有限公司 董事會會議通知 主席兼執行董事 潘兆龍 香 港，二 零 二 六 年 三 月 十 六 日 於 本 公 告 日 期，本 公 司 執 行 ...

Group 1 - The aluminum sector in Hong Kong is experiencing significant activity, with China Hongqiao rising over 3%, China Aluminum increasing by more than 2%, and other companies like Chuangke Industrial and Xingfa Aluminum also seeing gains [1][1][1] - The LME aluminum price reached its highest level since May 2022, rising over 4% after a force majeure event at Alba [1][1][1] - By 2025, the Middle East is projected to have alumina production capacity of approximately 4.5 million tons per year, accounting for 2% of global capacity, and electrolytic aluminum capacity of about 6.92 million tons per year, representing 9% of global capacity [1][1][1] Group 2 - If the Strait of Hormuz remains blocked, oil and gas prices, as well as overseas electricity prices, may continue to rise significantly, leading to a potential secondary energy crisis [1][1][1] - The aluminum industry is particularly sensitive to energy price fluctuations due to its high electricity consumption [1][1][1] - China's energy import dependency is relatively low at 20%, and the country has competitive energy prices, which could enhance the profitability of domestic aluminum companies if an energy crisis occurs [1][1][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。 （於開曼群島註冊成立的有限公司） （股份代號：2078） 盈利警告 轉盈為虧 本 公 告 乃 榮 陽 實 業 集 團 有 限 公 司（「本公司」，連 同 其 附 屬 公 司，統 稱 為「本集團」） 根 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則（「上市規則」）第13.09條以及香港法 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 上 市 規 則）而 作 出。 本 公 司 董 事 會（「董事會」）謹 此 通 知 本 公 司 股 東（「股 東」）及 潛 在 投 資 者，根 據 董 事會對本集團截至二零二五年十二月三十一日止年度的最近期未經審核綜合 管 理 賬 目 之 初 步 審 閱（其 尚 未 經 由 獨 立 核 數 師 及╱或 董 事 會 審 核 委 員 會 審 閱 或 審 核）及 ...

致：香港交易及結算所有限公司 公司名稱: 榮陽實業集團有限公司（於開曼群島註冊成立的有限公司） 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: 2026年2月28日 狀態: 新提交 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) | 02078 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,400,000,000 | HKD | | 0.1 HKD | | 240,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,400,000,000 | HKD | | 0.1 HKD | | 240,000,000 | 本月底法定/ ...

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: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 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 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) 02078 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 1,200,000,000 0 1,200,000,000 增加 / 減少 (-) 本月底結存 1,200,000,000 0 1,200,000,000 足夠公眾持股量的確認(註4) | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《GEM上市規則》第17.37D(1)條或第25.21D(1)條，我們在此確認，就上述所列股份類別而言，截至本月底: | | | --- | --- | | 已符合適用的公眾持股量要求（見下方） | ✔ | | 未符合適用的公眾持股量要求（見下方） | | | 根據《主板上市規則》第13.32B條或第19A.28B條 / 《 ...

Group 1 - Hong Kong aluminum stocks collectively strengthened, with Rusal rising nearly 13% [1] - Rongyang Industrial increased by over 10% [1] - Xingfa Aluminum rose by over 5% [1] Group 2 - Innovation Industry and Nanshan Aluminum International both increased by over 2% [1] - China Aluminum also saw an increase of over 2% [1] - China Hongqiao rose nearly 2% and reached a historical high [1]

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12月31日 狀態: 新提交 致：香港交易及結算所有限公司 FF301 公司名稱: 榮陽實業集團有限公司（於開曼群島註冊成立的有限公司） 呈交日期: 2026年1月8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) | 02078 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,400,000,000 | HKD | | 0.1 HKD | | 240,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,400,000,000 | HKD | | 0.1 HKD | | 240,000,000 | 本月底法定 ...

Group 1 - The core viewpoint of the news highlights a significant rise in aluminum stocks in Hong Kong, driven by strong demand from construction and renewable energy sectors, alongside supply constraints due to rising electricity prices in Europe [1] - Aluminum futures increased by 17% last year, marking the largest gain since 2021, with prices surpassing $3000 per ton for the first time in over three years due to tightening supply and long-term demand expectations [1] - China International Capital Corporation (CICC) predicts that aluminum may perform tighter than copper by 2026, suggesting that the financial attributes benefiting from liquidity may have already been priced in by the market [1] Group 2 - The stock performance of key aluminum companies includes Nanshan Aluminum International rising by 13% to a new high, Innovation Industry increasing by 4.9%, and China Hongqiao up by 2% [2] - The latest prices and percentage changes for selected aluminum stocks are as follows: Nanshan Aluminum International at 58.500 (+7.54%), Innovation Industry at 23.980 (+4.90%), China Aluminum at 13.530 (+1.96%), and China Hongqiao at 35.840 (+1.64%) [2]

Group 1 - The core viewpoint of the articles highlights a significant rise in aluminum stocks in the Hong Kong market, driven by strong demand and supply constraints, with aluminum prices surpassing $3000 per ton for the first time in over three years [1][2] - Nanshan Aluminum International saw a substantial increase of 13% in early trading, while Innovation Industry and China Hongqiao also experienced notable gains of 4.9% and 2% respectively, reaching historical highs [1] - The European energy price surge has led to production limitations, contributing to a global inventory drawdown, while demand from the construction and renewable energy sectors remains robust [1] Group 2 - Aluminum futures rose by 17% last year, marking the largest increase since 2021, indicating a tightening supply outlook and strong long-term demand expectations [1] - According to CICC, aluminum may perform tighter than copper by 2026, with favorable liquidity conditions already priced into the market [1] - Morgan Stanley predicts that aluminum and copper will benefit from supply challenges and increasing demand, with aluminum prices expected to reach new highs [1]