FF301 本月底法定/註冊股本總額： RMB 87,005,704 | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 非上市股份 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | | 法定/註冊股本 | | | 上月底結存 | | | 98,371,112 RMB | | | 0.25 | RMB | | 24,592,778 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 98,371,112 RMB | | | 0.25 | RMB | | 24,592,778 | | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- ...

FF301 | | | | 致：香港交易及結算所有限公司 | | | --- | --- | | 公司名稱: | 廣州佛朗斯股份有限公司 (於中華人民共和國註冊成立的股份有限公司) | | 呈交日期: 2026年1月5日 | | I. 法定/註冊股本變動 | 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) | 02499 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 249,651,704 | RMB | | 0.25 | RMB | | 62,412,926 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 249,651,704 | RMB | | 0.25 | RMB | | 62,412,926 | | 2. 股份分類 ...

Core Viewpoint - The company, 佛朗斯股份 (2499.HK), has successfully transformed into a platform operator by 2025, achieving significant growth and international expansion, as evidenced by its receipt of the "Annual Growth Value Award" at the 2025 "Golden Grid Awards" [1][8]. Financial Performance - In the first half of 2025, the company reported revenue of 856 million yuan, a year-on-year increase of 17.6%, and a net profit of 50 million yuan, up 19.2% [2]. - The three main business segments showed balanced growth: equipment subscription services increased by 15.6%, maintenance services surged by 43.0%, and equipment and parts sales rose by 12.3% [2]. Business Model and Strategy - 佛朗斯 is transitioning to a light-asset smart operation platform, aiming to become a global leader in B2B industrial and logistics equipment sharing ecosystems [2]. - The company employs a "platform + service" model, collaborating with asset holders to reduce capital expenditure while expanding operational scale [2]. - Maintenance services are a key high-margin revenue source, enhancing customer retention and optimizing equipment utilization through data-driven strategies [2]. Emerging Business Opportunities - The company is focusing on electric loader business, which aligns with the rapid growth of the new energy equipment rental market, achieving over 10 million yuan in subscription service revenue [3]. - 佛朗斯 has established a subsidiary in Indonesia and is set to launch operations in Vietnam, enhancing its market presence in Southeast Asia [3]. Market Trends and Industry Outlook - The global demand for logistics equipment is on an upward trend, with the forklift industry showing signs of recovery, particularly in China, where sales increased by 14% in the first nine months of 2025 [5]. - The full lifecycle solution model is gaining traction among clients, who prefer suppliers that offer comprehensive management and one-stop solutions to improve operational efficiency [5][6]. Competitive Advantages - 佛朗斯's service model helps clients optimize equipment costs and extend economic lifespans, thereby increasing customer loyalty [6]. - The company has seen a significant increase in its managed equipment scale, growing by 18.2% to 59,717 units, and the number of serviced clients rose by 37.8% to 9,827 [6]. Future Growth Potential - The company is expected to continue its international expansion and capitalize on emerging market opportunities, with a business structure that combines stable cash flow from subscription services and high-margin contributions from maintenance and new businesses [3][6]. - Financial metrics such as ROA and ROE have improved, indicating a steady enhancement in operational quality, with EPS rising to 0.14 yuan, a 19.2% increase [6].

Group 1 - The "Annual Growth Value Award" recognizes companies with significant growth potential in the capital market, emphasizing the importance of continuous growth for sustainable development [1][2] - The award selection process involves quantitative data analysis and expert review to identify companies that are proactive and committed to expansion [1] - The event highlighted ten companies that received the "Annual Growth Value Award," including 比优集团 (Biyou Group), 地平线机器人-W (Horizon Robotics-W), and others, listed in alphabetical order [1] Group 2 - The "Golden Grid Award" aims to create a valuable reference list of listed companies and unicorns, covering all companies listed on major exchanges such as the Hong Kong Stock Exchange, Shanghai Stock Exchange, Shenzhen Stock Exchange, and others [2] - The initiative reflects a global perspective with a focus on investment opportunities in China [2]

Core Insights - The 14th Annual Development Conference of Listed Companies and the Hainan Free Trade Port Opportunity Exchange Conference was held in Haikou, gathering over 400 representatives from listed companies [1][3] - The conference aimed to discuss policy paths and global opportunities under the new trade landscape, providing insights for companies to seize new cycle opportunities [3] - Frans Group was awarded the "Outstanding Competitive Listed Company in the Outbound Industry" for its significant achievements in expanding overseas markets and building international competitiveness [3][6] Group 1 - The conference was co-hosted by the Hainan International Economic Development Bureau and Daily Economic News, with participation from over 400 company executives [1] - The event also revealed the "15th Reputation List of Listed Companies," highlighting companies excelling in international operations [3] - Frans Group's recognition reflects its successful internationalization efforts and commitment to enhancing its global presence [6] Group 2 - Frans Group has focused on the logistics equipment sector since its establishment, emphasizing technological and model innovation to provide high-cost performance products and services [6] - The company has actively responded to the national "going out" strategy, achieving notable results in its international business expansion [6] - The award serves as both recognition of past achievements and motivation for Frans Group to deepen its global layout and enhance industry leadership capabilities [6]

I. 法定/註冊股本變動 | 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) | 02499 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 249,651,704 | RMB | | 0.25 RMB | | 62,412,926 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 249,651,704 | RMB | | 0.25 RMB | | 62,412,926 | 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: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 廣州佛朗斯股份有限公司 (於中華人民共和國註冊成立的股份有限公司) 呈交日期: 2025 ...

| 證券代號 (如上市) | 02499 | 說明 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 249,651,704 | RMB | | 0.25 | RMB | 62,412,926 | | | 增加 / 減少 (-) | | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 249,651,704 | RMB | | 0.25 | RMB | 62,412,926 | | FF301 第 1 頁 共 10 頁 v 1.1.1 | I. 法定/註冊股本變動 | | | | | | | --- | --- | --- | --- | --- | --- | | 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) | 02499 | 說明 | | | | | | | 法定/註冊股份數目 | | ...

FF301 | | 法定/註冊股份數目 | 面值 | | 法定/註冊股本 | | | --- | --- | --- | --- | --- | --- | | 上月底結存 | | 98,371,112 RMB | 0.25 | RMB | 24,592,778 | | 增加 / 減少 (-) | | 0 | | RMB | 0 | | 證券代號 (如上市) | 02499 | 說明 | | | | | | --- | --- | --- | --- | --- | --- | --- | | | | 法定/註冊股份數目 | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 249,651,704 | RMB | 0.25 RMB | | 62,412,926 | | 增加 / 減少 (-) | | | 0 | RMB | | 0 | | 本月底結存 | | 249,651,704 | RMB | 0.25 RMB | | 62,412,926 | | I. 法定/註冊股本變動 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | ...

Group 1 - Hefei Langwen Environmental Technology Co., Ltd. was established on September 23, with a registered capital of 20 million RMB [1] - The legal representative of the company is Qian Xiaoxuan [1] - The business scope includes general equipment manufacturing, service consumer robot manufacturing, and service consumer robot sales, fully owned by France Holdings [1]

Industry Transformation and Opportunities - The intralogistics equipment industry in China is experiencing significant transformation and upgrading, driven by policy benefits and technological advancements[14]. - In the first half of 2025, the industry faced both opportunities and challenges, particularly in reducing social logistics costs and improving resource utilization efficiency[15]. - The Chinese government aims to establish approximately 150 national logistics hubs by 2025, targeting a reduction of the total social logistics costs to GDP ratio to around 12%[16]. - As of June 23, 2025, 30 national logistics hubs, including Wuhan, were officially included in the construction list, enhancing the national logistics hub network[17]. - Continuous innovation in technologies is expected to inject new momentum into the sustainable development of enterprises within the industry[15]. - The overall market demand is supported by favorable national policies, providing a solid foundation for industry development[15]. Technological Advancements - The integration of new-generation information technology, such as AI and IoT, is driving significant transformation in the intralogistics equipment industry[20]. - New technologies such as IoT and AI are enabling logistics systems to achieve automation and independent decision-making, significantly enhancing operational efficiency[29]. - The Company aims to enhance operational efficiency through the integration of IoT and big data technologies into core businesses, focusing on developing intelligent operation management platforms[53]. Company Performance and Growth - The company achieved a net profit growth rate of 19.2% in the first half of 2025, indicating strong development momentum[37]. - The maintenance and repair business segment experienced a revenue growth of 43% and maintained a gross profit margin of over 40%[41]. - The Group's total revenue for the six months ended June 30, 2025, was RMB 856,233,000, representing a year-on-year increase of 17.6% from RMB 728,046,000 in the same period of 2024[63]. - Profit for the period increased by 19.2% from approximately RMB 42.2 million to approximately RMB 50.3 million[81]. - The Group's net profit increased by 19.2% from approximately RMB 42.2 million for the six months ended June 30, 2024, to approximately RMB 50.3 million for the six months ended June 30, 2025[85]. Service and Operational Strategies - Enterprises are increasingly adopting customized intelligent integrated solutions to enhance operational efficiency and competitiveness[22]. - A three-tier service system has been established, significantly improving customer response speed and maintaining high customer satisfaction and renewal rates[46]. - The company focuses on innovative intralogistics equipment subscription services, providing comprehensive lifecycle solutions including maintenance and disposal[35]. - Strategic partnerships have been formed to enhance operational coordination and expand product application scenarios, focusing on both upstream suppliers and downstream clients[47]. Financial Overview - Revenue from intralogistics equipment subscription services was RMB 438,807,000, accounting for 51.2% of total revenue, with a year-on-year growth of 15.6%[64]. - Maintenance and repair services generated RMB 122,368,000, which is 14.3% of total revenue, showing a significant year-on-year increase of 43.0%[64]. - Gross profit increased by 20.1% from approximately RMB 219.6 million to approximately RMB 263.8 million, with the gross profit margin rising from 30.2% to 30.8%[70]. - Selling and distribution expenses increased by 21.9% to approximately RMB 55.9 million, primarily due to rising rental fees and staff expenses[71]. - Administrative expenses rose by 22.6% to approximately RMB 106.2 million, driven by increased headcount from business expansion and the integration of Nichiyu (Shanghai)[72]. Employee and Corporate Governance - The Group employed 2,098 full-time employees as of June 30, 2025, compared to 1,800 as of June 30, 2024[107]. - The Group is committed to providing equal employment opportunities and maintaining employee diversity[107]. - The company is committed to high standards of corporate governance and has complied with all principles and applicable code provisions under the CG Code during the reporting period[157]. - The company will review corporate governance policies and compliance with the CG Code each financial year[158]. Future Strategies and Market Expansion - Future strategies include expanding into emerging markets such as Southeast Asia and the Middle East, leveraging localized operations and differentiated product strategies[58]. - The company plans to expand into new equipment categories, including cleaning equipment, with a focus on intelligent industrial cleaning robots and high-pressure cleaning equipment[42]. - The company plans to enhance service capabilities and expand intralogistics equipment categories, with an expected utilization of 45% of GO Net Proceeds by the end of 2025[168]. Risk Management and Compliance - The introduction of a risk early warning mechanism based on big data has been emphasized in new regulations for special equipment management[24]. - There are no material litigations or claims pending or threatened against the group during the reporting period[161]. - The accounting policies adopted for the interim financial information are consistent with those used in the annual financial statements for the year ended December 31, 2024[195].