2 AustAsia Group Ltd. 澳亞集團有限公司 （於新加坡共和國註冊成立的有限公司） (Incorporated in the Republic of Singapore with limited liability) Stock Code 股份代號 : 2425 2025 Interim Report 中期報告 Contents 目錄 | 2 | Corporate Information | 公司資料 | | --- | --- | --- | | 6 | Locations of Production Units | 生產單位地點 | | 7 | Highlights | 摘要 | | 10 | Management Discussion and Analysis | 管理層討論與分析 | | 36 | Corporate Governance and Other Information | 企業管治及其他資料 | | 48 | Condensed Consolidated Statement of Profit or Loss and | 簡明綜合損益表及 | | | Other Com ...

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份內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 AustAsia Group Ltd. 澳亞集團有限公司 * （於新加坡共和國註冊成立的有限公司） （股份代號：2425） 未動用所得款項淨額約33.81百萬港元將用於償還本公司於一間金融機構的境外貸 款本金及利息，預計將於2025年9月30日前結清。 更改供股所得款項用途 茲提述由澳亞集團有限公司*（「本公司」，連同其附屬公司統稱「本集團」）刊發日 期為2025年7月14日內容有關建議按於記錄日期每持有五(5)股現有股份獲發兩 (2)股供股股份之基準，以認購價每股供股股份1.12港元進行供股，透過發行最多 280,185,244股供股股份（「供股」），以籌集最多約313.81百萬港元（扣除開支前）之 招股章程（「招股章程」）。除非另有界定，本公告所用詞彙與招股章程所界定者具 有相同涵義。 董事（「董事」）會（「董事會」）謹此宣佈，經審慎考慮後，董事會已決議按下文所 述方式更改供股未動用部分所得款項淨額（ ...

Group 1 - Recent rebound in Hong Kong dairy stocks, with China Feihe and Mengniu Dairy both rising by 3.36%, and other companies like Yuan Ecological Agriculture and Ausnutria also showing positive growth [1] - CITIC Securities highlights a shift in the domestic dairy industry from "drinking milk" to "processing milk," indicating a new phase of development in deep processing products, with future capacity expected to exceed 700,000 tons [1] - The B-end deep processing demand is projected to exceed 26 billion yuan, driven by high demand in baking, ready-to-drink beverages, and Western fast food sectors [1] Group 2 - Domestic raw milk prices show signs of bottoming out after a period of low performance, with supply-side reductions in dairy cow inventory due to previous losses and improving demand as consumption recovers [1] - The supply-demand relationship in the dairy market is gradually moving towards balance, indicating potential for future growth [1]

Industry Rating - The industry rating is maintained at "Outperform the Market" [2] Core Insights - The dairy sector is experiencing a significant supply contraction, with the potential end of capacity reduction in sight. The milk price has been declining for four years, leading to an industry loss for 1.5 years, resulting in an approximate 8% reduction in dairy cow capacity as of August 2025. The upcoming third-quarter silage feed procurement season may accelerate the clearing of livestock due to increased funding needs [4][27] - The beef sector is at a turning point in a super cycle, with domestic beef cattle capacity being fully cleared. The prolonged loss cycle has driven a deep reduction in breeding cows, which is expected to lead to a decline in beef cattle inventory starting in 2024. The supply of beef is anticipated to enter a contraction phase in the second half of 2025 [5][50] Summary by Sections Dairy Sector - Supply contraction is nearing its end, with milk prices expected to rebound due to a tightening supply-demand balance. The reduction in capacity is expected to stabilize by the end of 2025 or the first half of 2026, supported by seasonal demand during the upcoming holidays and long-term improvements in consumption driven by child-rearing subsidies [4][27] - The financial performance of dairy companies varies, with some showing resilience against falling milk prices due to unique business advantages, while others face significant pressure [6] - The dairy industry is characterized by a longer production cycle compared to other livestock, leading to a more prolonged adjustment period in capacity [6][27] Beef Sector - The beef cattle market is experiencing a super cycle, with a significant reduction in domestic beef cattle capacity. The prolonged loss cycle has led to a decrease in breeding cows, which will impact beef supply in the coming years [5][50] - External factors affecting beef supply are diminishing, with a long-term global beef supply gap emerging due to various pressures on major production areas [5] - The demand for beef is expected to grow steadily, driven by rising income levels and health consciousness among consumers, with a notable reliance on imported beef to meet domestic demand [50][51] Investment Recommendations - The report suggests focusing on companies that are well-positioned to benefit from the anticipated recovery in both the dairy and beef sectors. Specific companies to watch include China Shengmu, Guangming Meat Industry, and Fucheng Co., for beef, and Yuran Dairy, China Shengmu, and Modern Dairy for dairy [6][7]

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: | 澳亞集團有限公司 | | | 呈交日期: | 2025年9月3日 | | | I. 法定/註冊股本變動 不適用 | | | | 備註： | | | | | 本公司為新加坡註冊成立的有限公司，根據新加坡《公司法》，在新加坡註冊成立的公司並無法定股本，且已發行股份亦無面值的概念。 | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 02425 | 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 | ...

Group 1 - The core viewpoint of the article is that Australia-Asia Group reported a decline in revenue and a reduced loss in its 2025 semi-annual report [1] Group 2 - The company's revenue for the first half of 2025 was approximately 1.698 billion yuan, representing a year-on-year decrease of 7.1% [1] - The loss attributable to shareholders was about 378 million yuan, which is a year-on-year reduction of 40.6% [1]

Group 1 - The core point of the article is the resignation of Mr. Tamotsu Matsui from his position as a non-executive director and member of the audit committee of AustAsia Group, effective from August 29, 2025 [1] - AustAsia Group plans to hold a board meeting on August 29 to approve its interim results [1]

Group 1 - The company announced that Mr. Tamotsu Matsui has resigned from his position as a non-executive director and a member of the audit committee, effective from August 29, 2025 [1] - The board has appointed Ms. Gabriella Santosa as a member of the audit committee, effective from August 29, 2025 [1]

Group 1 - The company announced the resignation of Mr. Tamotsu Matsui as a non-executive director and member of the audit committee, effective from August 29, 2025 [1] - The board has appointed Ms. Gabriella Santosa as a member of the audit committee, effective from August 29, 2025 [1]

（原标题：澳亚集团(02425)发布中期业绩 股东应占亏损3.78亿元 同比收窄40.6%） 智通财经APP讯，澳亚集团(02425)发布截至2025年6月30日止六个月中期业绩，收入16.98亿元(人民 币，下同)，同比减少7.1%;股东应占亏损3.78亿元，同比收窄40.6%;每股基本亏损0.54元。 ...