格隆汇8月28日丨德银天下(02418.HK)公告，于2025年上半年，集团实现收入约人民币1,137.1百万元， 同比减少12.2%；录得净利润约人民币91.7百万元，同比减少20.7%。 ...

智通财经APP讯，德银天下(02418)公布2025年中期业绩，实现收入约11.37亿元，同比减少12.2%;净利 润约9170万元，同比减少20.7%。每股盈利0.04元。 ...

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聲明，並明確表示概不就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。 （ 一家於中華人民共和國註冊成立的股份有限公司） （股份代號：2418） 2025年中期業績公告 德銀天下股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈本公司及附 屬公司（「本集團」）截至2025年6月30日止六個月期間未經審計業績公告。 本 公 告 刊 載 本 公 司 2025 年 中 期 報 告 全 文 ， 符 合 香 港 聯 合 交 易 所 有 限 公 司 （「香港聯交所」）證券上市規則中有關中期業績初步公告附載的資料要求， 並經本公司董事會審核委員會審閱。 本公司2025年中期報告將於適當時候於香港聯交所披露易網頁(www.hkexnews.hk) 及本公司網頁(www.deewintx.com)上登載。 承董事會命 德銀天下股份有限公司 董事長 郭萬才 中國，西安 2025年8月28日 於本公告日期，本公司董事會成員包括董事長兼非執行董事郭萬才先生， 執行董事趙鵬先生及王文岐先生，非執行董事 ...

格隆汇8月18日丨德银天下(02418.HK)公告，董事会会议将于2025年8月28日(星期四)举行，藉以考虑及 批准刊发公司及其附属公司截至2025年6月30日止6个月中期业绩、建议派付中期股息(如有)及处理任何 其他事项。 ...

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，並明確表示概不就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損失承擔任何責任。 董事會會議通告 德銀天下股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，董事會會 議將於2025年8月28日（ 星期四 ）舉行，藉以考慮及批准刊發本公司及其附 屬 公 司 截 至 2025 年 6 月 30 日 止 六 個 月 之 中 期 業 績 、 建 議 派 付 中 期 股 息（ 如 有）及處理任何其他事項。 承董事會命 德銀天下股份有限公司 董事長 （ 一家於中華人民共和國註冊成立的股份有限公司） （股份代號：2418） 郭萬才 中國，西安 2025年8月18日 於本公告日期，本公司董事會成員包括董事長兼非執行董事郭萬才先生， 執行董事趙鵬先生及王文岐先生，非執行董事田強先生、趙承軍先生及馮 敏女士，以及獨立非執行董事李剛先生、葉永威先生及余強先生。 ...

FF301 致：香港交易及結算所有限公司 公司名稱: 德銀天下股份有限公司 ( 於中華人民共和國註冊成立的股份有限公司) 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 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 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02418 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 552,436,500 | RMB | | 1 RMB | | 552,436,500 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 552,436,500 | RMB | | 1 RMB | | 552,436,500 | | ...

5月21日晚间，德银天下发布公告称，罗兵咸永道会计师事务所和普华永道中天会计师事务所（特殊普 通合伙）将于其当前任期届满后分别退任本公司国际财务报告准则和中国企业会计准则下的核数师。 公告称，鉴于公司未来审计服务的需要及为了维持良好的企业管治，本公司正在筹备新一任核数师的选 聘工作，因此董事会已批准不寻求在本公司股东周年大会上续聘罗兵咸永道及普华永道。据悉，罗兵咸 永道为普华永道会计师事务所（以下合称"普华永道"）在香港市场开展业务的主体。 值得注意的是，自德银天下2022年上市以来，罗兵咸永道便一直担任其核数师。德银天下年报显示， 2022年-2024年，德银天下向普华永道支付的服务费用分别为348.3万元、337.3万元、392.2万元。 这并非普华永道近期首次被上市公司解约。5月14日，李宁也曾发布公告称，公司拟聘任安永会计师事 务所为核数师，前任核数师罗兵咸永道会计师事务所将不再续聘。 事实上，受证监会立案调查影响，近年来普华永道接连遭上市公司解约。据21世纪经济报道，2023年， 普华永道中天在A股市场的客户合计106家，审计费用合计9.47亿元，在行业位居第二（仅次于立信）， 但2024年，这些客 ...

Financial Performance - In 2024, the company achieved a total revenue of RMB 2,627.8 million, a decrease of 15.8% compared to RMB 3,119.4 million in 2023[7]. - The net profit attributable to shareholders was RMB 153.2 million, representing a year-on-year increase of 2.7% from RMB 149.3 million in 2023[7]. - Gross profit for the same period was approximately RMB 430.6 million, down 16.5% year-over-year[14]. - The company reported a pre-tax profit of approximately RMB 199.2 million, a decrease of 4.7% compared to 2023, while net profit increased by 3.6% to RMB 156.7 million[14]. - The logistics and supply chain services segment generated revenue of approximately RMB 1,944.2 million, a decline of 20.0% year-over-year, accounting for 74.0% of total revenue[18]. - The supply chain finance services segment saw revenue of approximately RMB 463.3 million, a slight increase of 0.8% year-over-year[18]. - The company achieved a revenue of RMB 2,627.8 million for the year ended December 31, 2024, a decrease of 15.8% compared to RMB 3,119.4 million in the same period of 2023[53]. - Revenue from the logistics and supply chain services segment was RMB 1,944.2 million, accounting for 74.0% of total revenue, down approximately 20.0% from RMB 2,431.2 million in 2023[54][56]. - The supply chain financial services segment's revenue increased by approximately 0.8% from RMB 459.5 million in the year ended December 31, 2023, to RMB 463.3 million in the year ended December 31, 2024, primarily due to increased financing lease business volume[57]. Business Operations - The company provided supply chain services for approximately 131.2 thousand commercial vehicles and logistics services for about 48.8 thousand vehicles in 2024[8]. - The company’s vehicle networking platform connected approximately 1,142.9 thousand heavy commercial vehicles by the end of 2024[10]. - The company developed a self-researched vehicle-mounted battery swap system and launched a "battery bank" solution in 2024[11]. - The company sold 819 commercial vehicles in 2024, with sales of new energy vehicles reaching 323 units, representing a year-over-year growth of 361.4%[20]. - The company aims to enhance its core competitiveness and expand its business in the direction of new energy and intelligence, focusing on integrated service models[13]. - The company plans to focus on three major segments: logistics and supply chain services, supply chain financial services, and vehicle networking and data services, to enhance core competitiveness[46]. - The company is focused on expanding its market presence in the commercial vehicle sector, particularly in new energy vehicles[120]. - The company is actively involved in research and development of new products and technologies to meet market demands[120]. Financing and Investments - The financing lease and factoring business recorded a cumulative new investment of RMB 7,861.3 million in 2024[9]. - The company issued asset-backed securities (ABS) totaling RMB 1,860 million in 2024[9]. - The financing lease business added RMB 4,927.2 million in new investments in 2024, with a total of 8,624 new financing lease agreements[21]. - The factoring business reported new investments of RMB 2,934.1 million in 2024, further diversifying the company's funding sources[22]. - The financing lease agreements have an annual interest rate range of 3.00% to 11.00% and a service fee range of 0.00% to 4.20% as of December 31, 2024[33]. - The factoring business has an annual interest rate range of 0.00% to 10.55% and a service fee range of 0.00% to 4.50% as of December 31, 2024[33]. - The average comprehensive actual annualized interest rate for the factoring business was 8.12% as of December 31, 2024[33]. - The company has taken measures to adjust its debt structure and reduce financing costs through the issuance of ABS[181]. Assets and Liabilities - Total assets as of December 31, 2024, were RMB 9,489.2 million, while total liabilities were RMB 6,130.7 million[16]. - As of December 31, 2024, the company's net current assets were approximately RMB 1,424.4 million, a decrease of about 23.8% from RMB 1,870.4 million as of December 31, 2023[77]. - Current liabilities increased from approximately RMB 5,150.0 million as of December 31, 2023, to approximately RMB 5,591.4 million as of December 31, 2024, an increase of about RMB 441.4 million[78]. - The total outstanding financing lease receivables amounted to RMB 6,260.7 million, an increase from RMB 5,491.7 million in 2023, representing a year-over-year growth of 14%[41]. - The total factoring receivables decreased to RMB 1,256.4 million in 2024 from RMB 1,569.9 million in 2023, reflecting a decline of approximately 20%[42]. Risk Management - The company is strengthening its risk management mechanisms to monitor and control potential risks across all business processes[47]. - The company has established credit policies to monitor credit risk exposure related to cash equivalents, restricted bank deposits, and receivables[111]. - The company faces various market risks, including cash flow and fair value interest rate risks, with a potential impact of RMB 1.6 million on after-tax profits if interest rates rise or fall by 10%[110]. - The company has implemented risk management policies to address various operational risks, with the audit committee overseeing the overall risk management practices[155]. Management and Governance - Mr. Wang has over 34 years of experience in the commercial vehicle industry, contributing to the overall management and operations of the group since December 2020[120]. - The board includes independent directors with extensive experience in supply chain management, e-commerce, and business analysis, enhancing corporate governance[122]. - The management team is committed to strategic planning and decision-making to drive the company's growth and operational efficiency[129]. - The company has a strong emphasis on compliance and regulatory standards in its financial reporting and investor relations[123]. - The board's composition includes members with diverse backgrounds in engineering, finance, and academia, contributing to a well-rounded governance structure[125]. Future Outlook - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion[1]. - The company plans to fully utilize the remaining funds by December 31, 2026, with specific allocations for offline and online business development, and enhancing core technology capabilities[159]. - The company is investing $50 million in R&D for new technologies aimed at enhancing product efficiency[1]. - Market expansion plans include entering three new provinces by the end of 2025, targeting a 10% market share increase[1]. - New product line expected to launch in Q3 2025, projected to contribute an additional $20 million in annual revenue[1]. Shareholder Information - The company proposed a final dividend of RMB 0.3513 per 10 shares for the fiscal year ending December 31, 2024, considering overall financial status and cash flow[148]. - As of December 31, 2024, the reserves available for distribution to shareholders were approximately RMB 390.0 million[162]. - The proposed dividend will be distributed to shareholders listed on the register as of June 10, 2025[148]. Compliance and Regulations - The company has a history of compliance with relevant laws and regulations, with no significant violations reported for the fiscal year ending December 31, 2024[151]. - The company confirms compliance with the Listing Rules regarding related party transactions for the fiscal year ending December 31, 2024[180].

Group 1: Financial Performance - The company reported a revenue of approximately 2.628 billion yuan for 2024, representing a year-on-year decrease of 15.8% [1] - The net profit attributable to shareholders was approximately 153 million yuan, showing a year-on-year increase of 2.7% [1] - Basic earnings per share stood at 0.07 yuan [1] Group 2: Supply Chain Financial Services - In 2024, the company’s financing lease and factoring business had a total new investment of 7.861 billion yuan [1] - The company completed the construction of a shared financing platform, further expanding its funding sources [1] - The issuance of asset-backed securities (ABS) by the company totaled 1.86 billion yuan [1] - The factoring business strengthened cooperation with banks and enterprises, achieving a platform order volume exceeding 600 million yuan and a financing amount of 300 million yuan [1] - The financing leasing segment received the "West Lake Forum Cup" management award for 2024 [1] - The factoring segment was recognized as a pilot unit for industry standards by the China Service Trade Association [1] Group 3: Vehicle Networking and Data Services - As of December 31, 2024, the number of heavy commercial vehicles connected to the company's vehicle networking platform was approximately 1.1429 million [2] - The company developed a "single-mode + dual-frequency + inertial navigation" product and participated in the national single Beidou replacement project [2] - The company completed the development and trial operation of functions such as multi-vehicle scheduling management and remote driving [2] - The company provided efficient and safe cloud control services for autonomous driving, enhancing the competitiveness of its overall solutions [2] - The company developed a "remote emission data analysis platform" to assist commercial vehicles in avoiding environmental compliance risks [2] - The subsidiary Tianxingjian Vehicle Networking was recognized as an "Outstanding Enterprise for High-Quality Industrial Development" in Xi'an Economic and Technological Development Zone [2] Group 4: New Energy Business - The company is actively exploring integrated capacity solutions based on logistics, financial, and information flow advantages [3] - The company achieved a breakthrough in self-developed vehicle-mounted battery swap systems and "4+1" modular battery swap stations [3] - The company launched a "battery bank" solution to enhance its sales tools for integrated capacity models in the new energy sector [3]

Financial Performance - In 2024, the company achieved a total revenue of RMB 2,627.8 million, a decrease of 15.8% compared to RMB 3,119.4 million in 2023[9]. - The net profit attributable to shareholders was RMB 153.2 million, representing a year-on-year increase of 2.7% from RMB 149.3 million in 2023[9]. - The gross profit for the same period was approximately RMB 430.6 million, down 16.5% year-on-year[16]. - The company achieved a net profit of approximately RMB 156.7 million, an increase of 3.6% compared to 2023[16]. - The logistics and supply chain services segment generated revenue of approximately RMB 1,944.2 million, a decrease of 20.0% year-on-year[20]. - The supply chain financial services segment reported revenue of approximately RMB 463.3 million, an increase of 0.8% year-on-year[20]. - Revenue from the logistics and supply chain services segment was RMB 1,944.2 million, representing 74.0% of total revenue, down approximately 20.0% from RMB 2,431.2 million in 2023[56][58]. - The supply chain finance services segment generated revenue of RMB 463.3 million for the year ending December 31, 2024, an increase of approximately 0.8% from RMB 459.5 million in the previous year, primarily due to increased financing lease business volume[59]. Sales and Market Activity - The company’s commercial vehicle sales in China decreased by 9.0% year-on-year, totaling 2,969 thousand units in 2024[8]. - The export of commercial vehicles increased by 17.5% year-on-year, reaching 904 thousand units in 2024[8]. - The company sold 819 commercial vehicles in 2024, including 323 new energy vehicles, representing a year-on-year increase of 361.4% in new energy vehicle sales[22]. - The company is expanding its overseas market presence, particularly in Southeast Asia, focusing on commercial vehicle export trade, sales, and leasing[48]. Investment and Financing - The financing lease and factoring business had a cumulative new investment of RMB 7,861.3 million in 2024[11]. - The company issued asset-backed securities (ABS) totaling RMB 1,860 million in its financing lease segment[11]. - The company launched a new factoring business with a total investment amount of RMB 2,934.1 million[24]. - The company issued three tranches of asset-backed securities (ABS) in 2024, with a total principal amount of RMB 1,860 million[24]. Assets and Liabilities - The total assets as of December 31, 2024, amounted to RMB 9,489.2 million, while total liabilities were RMB 6,130.7 million[18]. - As of December 31, 2024, the company's net current assets were approximately RMB 1,424.4 million, a decrease of about 23.8% from RMB 1,870.4 million as of December 31, 2023[79]. - Current liabilities increased from approximately RMB 5,150.0 million as of December 31, 2023, to approximately RMB 5,591.4 million as of December 31, 2024, an increase of about RMB 441.4 million[80]. - The total outstanding financing lease receivables amounted to RMB 6,260.7 million, an increase from RMB 5,491.7 million in 2023, representing a growth of 14%[36]. Operational Efficiency and Cost Management - Total costs decreased by approximately 15.6% from RMB 2,604.0 million in 2023 to RMB 2,197.2 million in 2024, mainly due to a reduction in revenue[63]. - The logistics and supply chain services segment's costs decreased by about 19.7%, aligning closely with a 20.0% decrease in revenue for the same period[64]. - Sales expenses decreased by approximately 12.7% from RMB 49.5 million in 2023 to RMB 43.2 million in 2024, mainly due to a reduction in the sales workforce[66]. - The financing cost increased to RMB 202.9 million in 2024, representing 7.7% of total costs, compared to RMB 149.7 million and 4.8% in 2023[63]. Research and Development - The company established a "Smart Logistics Research Institute" in collaboration with Xi'an University of Technology to advance technology development[10]. - The company launched a self-developed vehicle-mounted battery swapping system and a "4+1" modular battery swapping station in 2024, marking a breakthrough in autonomous product development[13]. - The company has developed multiple application scenarios based on its platform scale and data collection advantages, including smart logistics and vehicle financing solutions[45]. Risk Management and Compliance - The company has implemented risk management policies to address various operational risks, with the audit committee overseeing the overall risk management practices[157]. - The company confirms compliance with the Listing Rules regarding related party transactions for the fiscal year ending December 31, 2024[182]. - The company does not engage in foreign exchange hedging activities and primarily conducts transactions in RMB, thus facing no significant foreign exchange risk[110]. Management and Governance - Mr. Wang has over 34 years of experience in the commercial vehicle industry, contributing to the overall management and operations of the group since his appointment as Executive Director in December 2020[122]. - The independent directors play a crucial role in overseeing the board's activities and providing independent judgment, ensuring corporate governance[124]. - The company is committed to strategic planning and decision-making processes that align with its long-term growth objectives in the automotive sector[130]. Future Outlook and Strategic Plans - The company plans to enhance its core competitiveness and expand its business in the fields of new energy and intelligence, aiming for a comprehensive service advantage[15]. - The company is developing new business models, including operational leasing, to enhance core competitiveness and explore new business opportunities[48]. - The company aims to enhance its core technology capabilities in the Internet of Vehicles and data services, with a budget of RMB 303.3 million, of which RMB 260.6 million has been utilized[161].