Group 1 - The company reported revenue of 23.776 million USD for the six months ending June 30, 2025, representing a year-on-year decrease of 25.93% [1] - The loss attributable to the owners of the company was 9.664 million USD, which narrowed by 32.74% year-on-year [1] - The basic loss per share was 0.007 USD [1]

Financial Performance - For the first half of 2025, the group reported revenue of $23.776 million, a decrease of 26.0% compared to $32.101 million in the first half of 2024[5]. - The gross profit for the first half of 2025 was $2.483 million, a significant turnaround from a gross loss of $8.114 million in the same period of 2024, resulting in a gross margin of 10.4%[5][6]. - Adjusted net loss narrowed from approximately $14.956 million in the first half of 2024 to about $4.938 million in the first half of 2025[7]. - Adjusted EBITDA improved from a loss of $13.042 million in the first half of 2024 to a slight profit of $92,000 in the first half of 2025[9]. - Sales volume declined from 9,682 tons in the first half of 2024 to 8,062 tons in the first half of 2025, but the group increased its sales ratio in North America from approximately 19.7% to 26.7% and in China from approximately 29.3% to 43.5%[12]. - Sales in China and the Americas increased by approximately 28.5% and 4.0% respectively, while overall revenue decreased from approximately $32.1 million in the first half of 2024 to about $23.8 million in the first half of 2025[13]. - The company reported a loss attributable to shareholders of $9.7 million for the six months ended June 30, 2025, compared to a loss of $14.4 million in the same period of 2024[32]. - The group reported a loss attributable to owners of the company of $9,664,000 for the six months ended June 30, 2025, compared to a loss of $14,368,000 for the same period in 2024[56]. Cost Management - The average selling cost per ton decreased by 36.4% compared to the same period last year, contributing to the improved profitability[6]. - Cost of sales decreased from approximately $40.2 million in the first half of 2024 to about $21.3 million in the first half of 2025, driven by a reduction in average sales cost from approximately $4,154 per ton to about $2,641 per ton[14]. - Administrative expenses significantly decreased by approximately 37.4%, from about $5.8 million in the first half of 2024 to approximately $3.6 million in the first half of 2025[16]. - Total financial costs reduced from approximately $1.7 million in the first half of 2024 to about $1.3 million in the first half of 2025, primarily due to the repayment of certain bank and other borrowings[17]. - The total employee benefits expense for the six months ended June 30, 2025, was $2,163,000, down from $3,079,000 in 2024, reflecting a decrease of approximately 30%[50]. Strategic Focus - The group continues to focus on cost-effective production in China and Italy, optimizing sales to higher-priced regions while avoiding loss-making orders[8]. - The organization remains optimistic about future business opportunities, particularly in light of ongoing global carbon neutrality trends and expected annual demand growth of 0.7% until 2030[11]. - The group plans to maintain strict cost control measures and continue its regional optimization strategy to enhance shareholder value and ensure sustainable long-term growth[11]. Assets and Liabilities - Cash and cash equivalents as of June 30, 2025, were approximately $8.5 million, down from $9.9 million as of December 31, 2024[22]. - The debt-to-equity ratio improved from 28.1% as of December 31, 2024, to approximately 26.5% as of June 30, 2025, due to the repayment of certain borrowings[24]. - Total equity and liabilities as of June 30, 2025, were approximately $104.4 million and $72.5 million respectively, compared to $105.8 million and $68.2 million as of December 31, 2024[23]. - The group's current assets were $65.3 million, slightly down from $66.5 million at the end of 2024[34]. - Trade receivables as of June 30, 2025, amounted to $9,330,000, down from $10,227,000 as of December 31, 2024[59]. - Trade payables increased to $7,701,000 in June 2025 from $6,391,000 in December 2024, representing a growth of 20.5%[61]. Capital Expenditures and Investments - Capital expenditures for the first half of 2025 amounted to approximately $2.3 million[26]. - The acquisition of Tai Gu assets was completed in August 2023 for approximately RMB 80.5 million, with RMB 40 million already paid[29]. - The company has allocated HKD 15.0 million for the development and expansion of its graphite anode materials business, with HKD 10.5 million expected to be utilized by mid-2026[68]. Shareholder Actions - The company issued 50,000,000 shares at a subscription price of HK$0.325, raising approximately $2,044,000 net of transaction costs[63]. - An additional 80,000,000 shares were issued at HK$0.39, generating about $3,941,000 net of transaction costs[64]. - The company proposed a rights issue to raise up to approximately $5,809,000 by issuing up to 570,000,000 shares at a subscription price of HK$0.08[65]. - The total net proceeds from the rights issue, after expenses, are expected to be around HK$43,900,000[66]. Compliance and Governance - The audit committee, consisting of three independent non-executive directors, has reviewed the interim financial results for the first half of 2025[73]. - The company has complied with the corporate governance code throughout the reporting period[71]. - The company has adopted the standard code for securities transactions by directors and confirmed compliance during the reporting period[72].

Core Viewpoint - The company, Shengneng Group (02459), announced a rights issue based on a ratio of one new share for every two existing shares held, with a total of 570 million shares to be issued on August 26, 2025 [1] Summary by Category - **Company Announcement** - Shengneng Group will issue 570 million rights shares [1] - The rights issue is structured at a ratio of one new share for every two existing shares held as of the record date [1] - The issuance date for the rights shares is set for August 26, 2025 [1]

Core Viewpoint - The company, Shengneng Group (02459), announced a rights issue based on a ratio of one new share for every two existing shares held, with a total of 570 million shares to be issued on August 26, 2025 [1] Summary by Category - **Company Announcement** - Shengneng Group will issue 570 million rights shares [1] - The rights issue is based on a ratio of one new share for every two existing shares held [1] - The issuance date is set for August 26, 2025 [1]

| 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02459 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2025年7月31日 | | 1,140,000,000 | | 0 | | | 1,140,000,000 | | 1). 供股 - 涉及新股 | | | 570,000,000 | 50 % | | HKD | 0.08 | | | 根據按記錄日期每持有兩股現有 ...

Core Viewpoint - The company successfully placed all 221 million unallocated rights shares at a price of HKD 0.08 per share, equivalent to the subscription price, with no net proceeds available for distribution to non-participating shareholders [1] Group 1: Share Placement Details - A total of 570 million rights shares will be issued, representing 100% of the total rights shares available for subscription [1] - The placement was made to no fewer than six underwriters as per the placement agreement [1]

Core Viewpoint - The company successfully placed all 221 million unallocated rights shares at a price of HKD 0.08 per share, with no net proceeds available for distribution to non-participating shareholders [1] Group 1: Share Placement Details - A total of 570 million rights shares will be issued, representing 100% of the shares available for subscription under the rights issue [1] - The placement was made to no fewer than six underwriters as per the placement agreement [1]

Core Viewpoint - The company, Shengneng Group (02459.HK), has successfully completed a rights issue, with 348,601,603 shares offered, representing approximately 61.2% of the total shares available for subscription [1] Group 1 - The company received a total of 27 valid acceptances and applications for the rights issue [1] - As of August 19, 2025, all 221,398,397 shares that were not subscribed have been successfully placed under the terms of the placement agreement at a price of HKD 0.08 per share [1] - Due to the compensation arrangement, there are no net proceeds available for distribution to non-participating shareholders [1] Group 2 - The payment for the rights issue shares is expected to commence trading on the Hong Kong Stock Exchange starting from 9:00 AM on August 27, 2025 [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 會 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。 茲 提 述 昇 能 集 團 有 限 公 司（「本公司」）日 期 為 二 零 二 五 年 七 月 二 十 五 日 之 章 程（「章 程」）及 本 公 司 日 期 為 二 零 二 五 年 八 月 十 二 日 之 公 告（「該公告」），內 容 有 關 供 股。 除本公告另有界定者外，本公告所用詞彙與章程所界定者具有相同涵義。 本公告僅供參考，並不構成收購、購買或認購本公司任何證券之邀請或要約。 SANERGY GROUP LIMITED 昇能集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2459） 按於記錄日期每持有兩(2)股現有股份 獲發一(1)股供股股份之基準 以非包銷基準進行供股之結果 供股配售代理 – 1 – 供股結果及補償安排 誠 如 該 公 告 所 披 露，於 二 零 二 五 年 八 月 八 日（星 期 五）下 午 四 時 正 ...

Core Viewpoint - The company, Shengneng Group (02459.HK), will hold a board meeting on August 29, 2025, to review and approve its interim results for the six months ending June 30, 2025, and to declare an interim dividend if applicable [1] Group 1 - The board meeting is scheduled for August 29, 2025 [1] - The meeting will focus on the interim results for the six months ending June 30, 2025 [1] - The company may declare an interim dividend during this meeting [1]