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，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依賴該等內容而引致之任何損失承擔任何責任。 （在中華人民共和國註冊成立的股份有限公司） （股份代號：2402） 2025年第三季度報告 北 京 億 華 通 科 技 股 份 有 限 公 司（「本公司」或「公 司」）董 事（「董 事」）會（「董事會」）及 全 體 董 事 保 證 本 報 告 內 容 不 存 在 任 何 虛 假 記 載、誤 導 性 陳 述 或 者 重 大 遺 漏，並 對其內容的真實性、準確性和完整性依法承擔法律責任。 重要內容提示 本公司董事會及董事、高級管理人員保證季度報告內容的真實、準確、完整，不 存在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 本 公 司 負 責 人、主 管 會 計 工 作 負 責 人 及 會 計 機 構 負 責 人（會 計 主 管 人 員）保 證 本 季度報告中財務信息的真實、準確、完整。 本次第三季度財務報表未經審計。 – 1 – 一、主要財務數據 （一）主要會計數據和財務指標 單位：萬元 幣 ...

Financial Performance - The company's operating revenue for Q3 2025 was CNY 31.58 million, a decrease of 80.60% compared to CNY 162.76 million in the same period last year[4] - The total profit for the period was CNY -162.22 million, with a year-to-date total profit of CNY -363.17 million, indicating a significant loss[4] - The net profit attributable to shareholders was CNY -148.04 million for the quarter, compared to CNY -116.66 million in the same period last year, reflecting a worsening financial position[5] - The company experienced a 67.31% decline in year-to-date operating revenue, primarily due to a decrease in fuel cell system sales[9] - Net loss for the first three quarters of 2025 was CNY 361.54 million, compared to a net loss of CNY 318.48 million in the same period of 2024, representing an increase in loss of 13.52%[21] - The basic and diluted earnings per share for the first three quarters of 2025 were both CNY -1.34, compared to CNY -1.11 in 2024[21] Research and Development - Research and development expenses totaled CNY 11.06 million, a decrease of 64.81% year-on-year, indicating a reduction in forward-looking R&D projects[5] - The company has adjusted its R&D strategy, focusing on optimizing traditional projects rather than pursuing new forward-looking initiatives[9] - Research and development expenses decreased to CNY 25.93 million in 2025 from CNY 70.48 million in 2024, a reduction of 63.24%[20] Assets and Liabilities - The total assets at the end of the reporting period were CNY 410.94 million, down 14.01% from the previous year[5] - Total assets decreased to CNY 4.11 billion in 2025 from CNY 4.78 billion in 2024, a decline of 13.94%[17] - Total liabilities decreased to CNY 1.61 billion in 2025 from CNY 1.94 billion in 2024, a reduction of 16.88%[17] - The company's total equity decreased to CNY 2.50 billion in 2025 from CNY 2.84 billion in 2024, a decline of 12.09%[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 15,687[11] - The largest shareholder, Zhang Guoqiang, holds 36,444,469 shares, representing 15.73% of total shares[11] - The second largest shareholder, HKSCC Nominees Limited, holds 35,859,552 shares, representing 15.48% of total shares[11] - The company has a total of 7,035,902 shares held by Dongxu Optoelectronics Technology Co., Ltd., which are frozen[11] Cash Flow - The cash flow from operating activities showed a net amount of CNY 461.05 million year-to-date, a significant improvement from CNY -22.14 million in the previous year[5] - The company's operating cash flow for the first three quarters of 2025 was CNY 4,610,526.09, a significant improvement from a negative cash flow of CNY -221,360,346.09 in the same period of 2024[23] - Total cash inflow from operating activities increased to CNY 417,909,302.03, up from CNY 286,508,997.41 year-over-year, representing a growth of approximately 46%[23] - Cash outflow from operating activities decreased to CNY 413,298,775.94 from CNY 507,869,343.50, indicating a reduction of about 19%[23] - The net cash and cash equivalents at the end of the period were CNY 448,482,429.94, down from CNY 569,890,670.26 year-over-year[24] Investment Activities - The company reported an investment loss of CNY 47.96 million in 2025, compared to a loss of CNY 26.67 million in 2024, indicating a worsening of 79.93%[20] - Investment activities generated a net cash outflow of CNY -32,651,452.23, slightly improved from CNY -34,658,537.73 in the previous year[24] - The company raised CNY 30,090,000.00 from new investments, compared to CNY 5,250,000.00 in the same period last year, marking a growth of 471%[24] - The company reported a total cash inflow from investment activities of CNY 236,070,538.50, a significant increase from CNY 11,420,043.93 in the previous year[24] Other Financial Metrics - The weighted average return on net assets decreased to -6.36%, a decline of 2.27 percentage points compared to the previous year[5] - The company reported a decrease in cash flow from operating activities, reflecting ongoing financial challenges[20] - The impact of exchange rate changes on cash and cash equivalents was a decrease of CNY -3,464,489.21, compared to CNY -2,121,058.27 in the same period last year[24]

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，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依賴該等內容而引致之任何損失承擔任何責任。 （在中華人民共和國註冊成立的股份有限公司） （股份代號：2402） 修訂持續關連交易的 年度上限 持續關連交易補充協議 於2025年10月23日，本 公 司 訂 立 持 續 關 連 交 易 補 充 協 議，以 修 訂 持 續 關 連 交 易 項 下 的 現 有 年 度 上 限。除 修 訂 現 有 年 度 上 限 外，持 續 關 連 交 易 協 議 項 下 所 有其他條款及條件維持不變。 上市規則的涵義 – 1 – 一般資料 宋 海 英 女 士 及 戴 東 哲 女 士（為 執 行 董 事 及 通 嵐 科 技 執 行 事 務 合 夥 人）以 及 億 華 通氫能董事長兼董事張國強先生於持續關連交易補充協議及其項下擬進行的 交 易 擁 有 權 益。因 此，宋 海 英 女 士、戴 東 哲 女 士 及 張 國 強 先 生 就 有 關 持 續 關 連 交 易 補 充 協 議 及 相 關 年 度 上 限 的 董 事 會 ...

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，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依賴該等內容而引致之任何損失承擔任何責任。 （在中華人民共和國註冊成立的股份有限公司） （股份代號：2402） 修訂持續關連交易的 年度上限 持續關連交易補充協議 於2025年10月23日，本 公 司 訂 立 持 續 關 連 交 易 補 充 協 議，以 修 訂 持 續 關 連 交 易 項 下 的 現 有 年 度 上 限。除 修 訂 現 有 年 度 上 限 外，持 續 關 連 交 易 協 議 項 下 所 有其他條款及條件維持不變。 上市規則的涵義 截 至 本 公 告 日 期， 億 華 通 氫 能 分 別 由 本 公 司 及 通 嵐 科 技 擁 有72.22%及 24.56%。執 行 董 事 宋 海 英 女 士 及 戴 東 哲 女 士 為 通 嵐 科 技 執 行 事 務 合 夥 人。根 據 上 市 規 則，億 華 通 氫 能 因 此 為 本 公 司 關 連 附 屬 公 司 及 本 公 司 關 連 人 士。因 此，持 續 關 連 交 易 補 充 協 議 ...

Group 1 - The core viewpoint of the news is that Yihuatong's stock has shown fluctuations in price and trading volume, with a recent increase of 2.14% and a total market value of 6.426 billion yuan [1] - As of October 21, Yihuatong's stock price is reported at 27.74 yuan per share, with a trading volume of 65.4193 million yuan and a turnover rate of 1.22% [1] - Year-to-date, Yihuatong's stock has increased by 15.10%, but it has experienced a decline of 5.61% over the last five trading days [1] Group 2 - Yihuatong, established on July 12, 2012, is primarily engaged in the manufacturing of fuel cell systems, focusing on commercial vehicles such as buses and trucks [2] - The company's revenue composition includes 70.41% from fuel cell systems, 14.73% from other sources, 11.84% from technology development and services, and 3.02% from components [2] - Yihuatong operates within the electric equipment industry, specifically in the fuel cell sector, and is associated with concepts such as hydrogen energy and new energy vehicles [2] Group 3 - As of June 30, Yihuatong had 14,400 shareholders, an increase of 0.72% from the previous period [3] - For the first half of 2025, Yihuatong reported a revenue of 71.9293 million yuan, a year-on-year decrease of 53.25%, and a net profit attributable to shareholders of -163 million yuan, a decrease of 15.51% [3]

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，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依賴該等內容而引致之任何損失承擔任何責任。 （在中華人民共和國註冊成立的股份有限公司） （股份代號：2402） 董事會召開日期 承董事會命 北京億華通科技股份有限公司 董事長 張國強 中國，北京 2025年10月17日 於本公告日期，董事會成員包括執行董事張國強先生、宋海英女士及戴東哲女士； 非執行董事宋峰先生；獨立非執行董事紀雪洪先生、陳素權先生及李志杰先生； 及職工代表董事張紅黎女士。 北 京 億 華 通 科 技 股 份 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 宣 佈，本 公 司 將 於2025年10月30日（星 期 四）舉 行 董 事 會 會 議，其 中 議 程 包 括 審 議 及 批 准 本 公 司 及 其附屬公司截至2025年9月30日止九個月的未經審核第三季度業績及其刊發。 ...

格隆汇10月17日丨亿华通(02402.HK)宣布，公司将于2025年10月30日(星期四)举行董事会会议，其中议 程包括审议及批准公司及其附属公司截至2025年9月30日止九个月的未经审核第三季度业绩及其刊发。 ...

（股份代號：2402） 董事會召開日期 北 京 億 華 通 科 技 股 份 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 宣 佈，本 公 司 將 於2025年10月30日（星 期 四）舉 行 董 事 會 會 議，其 中 議 程 包 括 審 議 及 批 准 本 公 司 及 其附屬公司截至2025年9月30日止九個月的未經審核第三季度業績及其刊發。 承董事會命 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，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依賴該等內容而引致之任何損失承擔任何責任。 （在中華人民共和國註冊成立的股份有限公司） 董事長 張國強 中國，北京 2025年10月17日 於本公告日期，董事會成員包括執行董事張國強先生、宋海英女士及戴東哲女士； 非執行董事宋峰先生；獨立非執行董事紀雪洪先生、陳素權先生及李志杰先生； 及職工代表董事張紅黎女士。 北京億華通科技股份有限公司 ...

Core Insights - Yihuatong's stock price decreased by 2.08% on October 15, trading at 28.78 CNY per share with a market capitalization of 6.667 billion CNY [1] - The company has seen a year-to-date stock price increase of 19.42%, but a recent decline of 5.58% over the last five trading days [1] Company Overview - Beijing Yihuatong Technology Co., Ltd. was established on July 12, 2012, and went public on August 10, 2020 [2] - The company specializes in manufacturing fuel cell systems primarily for commercial vehicles, including buses and trucks [2] - Revenue composition includes 70.41% from fuel cell systems, 14.73% from other sales, 11.84% from technology development and services, and 3.02% from components [2] Financial Performance - As of June 30, the number of shareholders increased to 14,400, a rise of 0.72% [3] - For the first half of 2025, Yihuatong reported revenue of 71.9293 million CNY, a year-on-year decrease of 53.25%, and a net profit of -163 million CNY, down 15.51% year-on-year [3]

Core Viewpoint - The domestic hydrogen fuel cell leader, Yihuatong, is facing uncertainties in its strategic development due to tight operating capital, leading to project terminations, expanding losses, and equity transfers [2][3]. Financial Performance - In the first half of the year, Yihuatong reported a loss of 163 million yuan, an increase of 21.94 million yuan year-on-year, with a gross margin of -25%, down from 17% in the same period last year [3][4]. - The company's accounts receivable reached 1.478 billion yuan, and inventory was 161.3 million yuan, accounting for nearly 60% of total current assets [4]. Strategic Decisions - Yihuatong signed a share transfer agreement with Toyota, transferring its unfulfilled capital contribution of 950 million yen (approximately 44.81 million yuan) in the joint venture Huafeng Fuel Cell Co., reducing its stake from 50% to 35% [2][4]. - The decision to transfer shares was based on Huafeng's funding needs and Yihuatong's current operational situation and strategic development plans [2]. Industry Context - The hydrogen fuel cell industry is experiencing a decline in market demand, with a 46.8% year-on-year drop in sales of hydrogen fuel cell vehicles, totaling 1,373 units in the first half of 2025 [6]. - The industry is still in the early stages of research and commercialization, with significant funding needs and limited debt financing capabilities [3][6]. Joint Venture Dynamics - Huafeng Fuel Cell was established in June 2021 as a joint venture between Yihuatong and Toyota, each holding 50% of the shares, focusing on the production and sales of fuel cell systems [5]. - The joint venture is seen as a key pathway for Toyota's hydrogen fuel cell technology to enter the Chinese market, with a commercial model based on collaboration between Yihuatong and Toyota [5].