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的任何損失承擔任何責任。 （股 份 代 號：2505） 盈利警告 本公告乃由EDA集團控股有限公司（「本公司」，連同其子公司，統稱「本集團」） 根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)(a)條及香 港法例第571章證券及期貨條例第XIVA部項下內幕消息條文（定義見上市規則） 作出。 本公司董事會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者，基於 對本集團截至2025年6月30日止六個月（「報告期間」）未經審核綜合管理賬目及 董事會現時可得的其他相關資料之初步審閱，本集團預期於報告期間將錄得 淨利潤約人民幣18百萬元至人民幣21百萬元，較2024年同期預期下滑介於30%– 40%。 本集團預計於報告期間將錄得的經調整純利（非香港財務報告準則計量，定 義為透過加回上市開支及有關股份激勵計劃以股份為基礎的薪酬開支而調整 的淨利潤）約人民幣20百萬元至人民幣25百萬元，較2024年同期預期下滑 ...

格隆汇8月8日丨EDA集团控股(02505.HK)宣布，将于2025年8月22日(星期五)举行董事会会议，预期将 于会上决定是否宣派、建议或支付股息(如有)以及藉以批准刊发截至2025年6月30日止六个月未经审核 中期业绩的公告。 相关事件 EDA集团控股(02505.HK)拟8月22日举行董事会会议批准中期业绩 EDA集团控股(02505.HK)子公司订立 租赁协议 ...

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的任何損失承擔任何責任。 （股 份 代 號：2505） 董事會會議召開日期 EDA集團控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，將於2025年8 月22日（星期五）舉行董事會會議，預期將於會上決定是否宣派、建議或支付股 息（如有）以及藉以批准刊發截至2025年6月30日止六個月未經審核中期業績的 公告。 承董事會命 EDA集團控股有限公司 執行董事兼公司秘書 張文宇 香港，2025年8月8日 於本公告日期，董事會由(i)執行董事劉勇先生、李勤女士及張文宇先生；(ii)非執行董事左滿 倫先生及羅建峰先生；及(iii)獨立非執行董事陳國璋先生、吳卓謙先生及王秉怡先生組成。 * 僅供識別 ...

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 致：香港交易及結算所有限公司 公司名稱: EDA 集團控股有限公司 ("本公司") 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 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) | 02505 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | USD | | 0.01 | USD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 1,000,000,000 | USD | | 0.01 | USD | | 10,000,000 | ...

Financial Performance - Revenue for the year ended December 31, 2024, increased by 39.8% to RMB 1,690,081,000 compared to RMB 1,209,304,000 in 2023[12] - Gross profit rose by 27.3% to RMB 250,995,000 from RMB 197,104,000 year-on-year[12] - Profit before income tax decreased by 17.9% to RMB 66,026,000, down from RMB 80,424,000 in the previous year[12] - Profit for the year attributable to owners of the Company fell by 32.2% to RMB 47,068,000 compared to RMB 69,403,000 in 2023[12] - Adjusted net profit (non-HKFRS measure) increased by 23.9% to RMB 113,903,000 from RMB 91,896,000[12] - Adjusted EBITDA (non-HKFRS measure) grew by 34.3% to RMB 211,146,000, up from RMB 157,243,000[12] - The Group's net profit margin was 2.8%, down from 5.7% in the previous year, primarily due to a decrease in gross profit[187] - The adjusted net profit margin was 6.7%, compared to 7.6% in the previous year[187] Assets and Liabilities - Total assets as of December 31, 2024, reached RMB 1,705,326,000, a significant increase from RMB 678,999,000 in 2023[15] - Non-current assets surged to RMB 1,053,100,000 from RMB 256,221,000 year-on-year[15] - Total liabilities increased to RMB 1,109,115,000, compared to RMB 354,955,000 in the previous year[15] - Equity attributable to owners of the Company rose to RMB 596,211,000 from RMB 324,044,000 in 2023[15] Business Expansion and Strategy - The Group contracted 11 new overseas warehouses in 2024, increasing the total area by approximately 200,000 square meters, bringing the total to 61 overseas warehouses[18] - The Group successfully commercialized its SaaS system, generating revenue of RMB 1,089,000 and acquiring 9 new customers[21] - A comprehensive cooperation agreement was signed with Huawei Cloud to explore AI and big data applications in overseas warehousing and cross-border e-commerce[22] - The Group aims to build a comprehensive global logistics automation platform, leveraging AI and robotic process automation (RPA) to enhance operational efficiency[28] - The strategic focus for 2025 is "sticking to long-term growth," with a specific action plan set for 2025 to 2030[24] - The Group plans to increase investment in research and development, particularly in "AI+Cross-Border E-Commerce" to create industry value[29] Management and Governance - Mr. Cheung has over 24 years of experience in financial reporting and management, having worked with multinational firms and listed companies[41] - Mr. Zuo has approximately 25 years of experience in the plastic pipe industry and is currently the CEO of Lesso, a company listed on the Main Board of the Stock Exchange[43] - Mr. Luo has around 32 years of experience in accounting and is an executive director of Lesso, which is listed on the Main Board of the Stock Exchange[48] - Mr. Chan has over 31 years of experience in investment management, having worked with various international firms[50] - Mr. Ng has over 22 years of experience in accounting, auditing, and corporate financial management, including roles in international investment banks[54] - The company has a diverse board with members holding degrees from prestigious institutions, enhancing its strategic and operational capabilities[40] - The management team includes individuals with extensive experience in mergers and acquisitions, which may support future growth strategies[54] - The company is focused on strategic development and investment, as indicated by the roles of its non-executive directors[42] - The leadership team has a strong background in technology and operational management, which is crucial for innovation and market expansion[39] Risk Management and Compliance - The Company is committed to promoting a culture of integrity and compliance, implementing an anti-corruption risk management policy and training for employees[69] - The Audit Committee has reviewed the accounting policies and the audited consolidated financial statements for the year ended December 31, 2024[65] - The Board is responsible for risk management and internal control systems, which are reviewed annually for effectiveness[140] - The company has established various risk management procedures covering logistics, overseas warehousing, and corporate management[142] - Logistics risk management includes partnerships with high-quality logistics providers to mitigate delays and losses[147] - Exchange rate fluctuations impact the Group's costs and profits, with measures in place to manage this risk through financial tools[147] - The management is tasked with implementing risk management plans and addressing significant risks identified[145] Gender Diversity and Workforce - The Group's female employees account for 39.3% of the total workforce and 41.9% of its middle or above managerial level, reflecting the Company's commitment to gender diversity[164] Market and Economic Context - In 2024, China's GDP reached RMB 137,908.4 billion, representing a year-on-year increase of 5.0% at constant prices[198] - China's total volume of goods import and export in 2024 was RMB 43.85 trillion, with a year-on-year increase of 5.0%[198] - The total volume of service import and export in 2024 reached RMB 7.5 trillion, reflecting a year-on-year increase of 14.4%[198] - Exports in 2024 amounted to RMB 25.45 trillion, representing a year-on-year increase of 7.1%[198] - Imports in 2024 were RMB 18.39 trillion, showing a year-on-year increase of 2.3%[198] - The trade surplus in 2024 reached RMB 7.06 trillion, expanding by 22.2% year-on-year[198] - Net exports contributed 30.3% to China's economic growth, driving GDP growth by 1.5 percentage points[198] - The company aims to leverage global trade opportunities and enhance profitability through innovative AI logistics technology[199] - The company is focused on sustainable high-quality growth in the cross-border e-commerce B2C market[199] - The anticipated changes in the external trade environment are expected to drive export growth to new highs[200]

Financial Performance - Revenue increased by 39.8% to RMB 1,690,081 thousand compared to the previous year[4] - Gross profit rose by 27.3% to RMB 250,995 thousand[4] - Adjusted net profit increased by 23.9% to RMB 113,903 thousand, excluding listing expenses and share-based payment impacts[4] - Basic earnings per share were RMB 0.12, while diluted earnings per share were RMB 0.11[4] - The company reported a net profit of RMB 47,068 thousand, down 32.2% from RMB 69,403 thousand in the previous year[4] - Total revenue for 2024 reached RMB 1,690,081,000, a significant increase of 40% compared to RMB 1,209,304,000 in 2023[19] - The company reported a pre-tax profit of RMB 18,070,000 for 2024, compared to RMB 6,111,000 in 2023, marking an increase of 195.5%[21] - The company's profit attributable to equity holders for 2024 was RMB 47,068,000, down 32.3% from RMB 69,403,000 in 2023[35] Dividends and Shareholder Returns - The board declared a final dividend of HKD 0.035 per share for the year ended December 31, 2024[4] - The interim dividend declared for the year was HKD 0.035 per share, totaling HKD 15,400,000 (approximately RMB 14,075,000), compared to RMB 23,000,000 in 2023[33] Assets and Liabilities - Total assets less current liabilities amounted to RMB 1,281,452 thousand, a significant increase from RMB 422,613 thousand in the previous year[8] - Non-current assets totaled RMB 1,053,100 thousand, up from RMB 256,221 thousand[7] - Cash and bank deposits increased to RMB 310,045 thousand from RMB 221,427 thousand[7] - The total debt of the group was RMB 879,986 thousand, with a debt-to-equity ratio of 65.0% as of December 31, 2024[89] - The company has total borrowings of RMB 118,938,000 as of December 31, 2024, compared to RMB 52,324,000 in 2023, indicating a significant increase[58] Taxation - The total tax expense for the year ended December 31, 2024, amounted to RMB 18,958,000, an increase of 72.5% from RMB 11,021,000 in 2023[30] - The effective tax rate for the group in 2024 was 28.7%, compared to 13.7% in 2023, reflecting a significant increase in tax liabilities across various jurisdictions[32] - The total income tax expense across all jurisdictions for 2024 was RMB 21,368,000, up from RMB 11,591,000 in 2023, reflecting growth in taxable profits[30] Operational Expenses - Research and development expenses were RMB 32,265 thousand, slightly down from RMB 33,327 thousand[5] - The total employee benefits expense for 2024 was RMB 261,735,000, an increase of 51.8% from RMB 172,312,000 in 2023[23] - Interest expenses on borrowings increased to RMB 2,491,000 in 2024 from RMB 1,632,000 in 2023, representing a rise of 52.7%[22] Revenue Streams - Revenue from the United States surged to RMB 1,162,160,000 in 2024, up 52.4% from RMB 762,530,000 in 2023[16] - The revenue from last-mile fulfillment services reached RMB 1,470,221,000 in 2024, a substantial increase from RMB 949,799,000 in 2023, reflecting a growth of 55%[19] - The company has established strategic partnerships with over 60 third-party logistics providers and operates in more than 40 cities globally[63][65] Strategic Initiatives - The company plans to expand its overseas warehouse network and global logistics network to increase market share and business scale[76] - The group plans to capitalize on industry trends through technological innovation and refined operations to improve fulfillment capabilities in overseas warehouses[74] - The company aims to embrace AI technology and explore its applications in cross-border e-commerce to enhance operational efficiency and reduce costs[76] Market Outlook - In 2024, China's GDP is projected to grow by 5.0% year-on-year, with total import and export volume reaching RMB 43.85 trillion, also reflecting a 5.0% increase[72] - Cross-border e-commerce imports and exports in China are expected to reach RMB 2.63 trillion in 2024, marking a 10.8% year-on-year growth and accounting for 6% of total trade[73] Corporate Governance - The audit committee has reviewed the accounting policies and annual performance for the year ending December 31, 2024[104] - The board of directors consists of three executive directors and four independent non-executive directors[117] - The company is registered in the Cayman Islands and was established on September 17, 2020[119] Future Plans - The company plans to invest up to RMB 100 million, representing no more than 50% of a proposed fund with a total size of RMB 200 million, focusing on cross-border e-commerce innovation[102] - The company has approved a share incentive plan effective for 10 years to reward and retain qualified participants contributing to the group's growth[101]

Investment Rating - The report initiates coverage with a recommendation for investors to continuously pay attention to the company [62]. Core Viewpoints - EDA Group Holdings is positioned as a leading player in the overseas warehouse sector, leveraging technology to build a global logistics network [11][19]. - The company has experienced rapid revenue growth, with a 70.6% year-on-year increase in 2023, reaching 1.21 billion CNY, and a projected revenue of 1.77 billion CNY in 2024 [7][43]. - The overseas warehouse model is expected to gain further traction due to favorable tax policies for small packages in the U.S., enhancing local delivery capabilities and predictability [7][41]. Summary by Sections Company Overview - EDA Group Holdings is the first listed company in China focusing on overseas warehouses, providing end-to-end supply chain solutions for cross-border e-commerce [11][13]. - The company operates 56 overseas warehouses across the U.S., Canada, the UK, Germany, and Australia, covering over 40 cities [19]. Financial Performance - Revenue for 2023 was 1.21 billion CNY, with a projected increase to 1.77 billion CNY in 2024 and 2.41 billion CNY in 2025 [2][60]. - The net profit attributable to the parent company for 2023 was 69.4 million CNY, expected to rise to 88.13 million CNY in 2024 [2][60]. - The company’s EPS is projected to grow from 0.16 CNY in 2023 to 0.50 CNY in 2026 [2][60]. Business Model - The company’s business model includes both headway international freight services and tail-end fulfillment services, with the latter accounting for 78.5% of revenue in 2023 [11][13]. - The tail-end fulfillment service saw a 95.9% increase in order volume in 2023, contributing significantly to revenue growth [43]. Market Trends - The B2C export e-commerce logistics service market has grown from 113.6 billion CNY in 2017 to 402.4 billion CNY in 2022, with a projected market size of 621.3 billion CNY by 2027 [34][28]. - The overseas warehouse model is anticipated to surpass the direct mail model as the primary cross-border logistics method due to its advantages in delivery speed and reliability [34][41]. Profitability and Cost Structure - The company’s gross profit for 2023 was 200 million CNY, with a gross margin of 16.3%, slightly declining due to rising costs [48]. - The sales cost structure indicates that logistics costs account for 74.3% of total sales costs, with potential for improved bargaining power as service volumes increase [50].

Investment Rating - The report initiates coverage with a recommendation for investors to continuously pay attention to the company [62] Core Viewpoints - EDA Group Holdings is positioned as a leading player in the overseas warehouse sector, leveraging technology to build a global logistics network. The company has established 56 overseas warehouses across the US, Canada, UK, Germany, and Australia, enhancing its logistics capabilities [7][19] - The company has experienced rapid revenue growth, with a 70.6% year-on-year increase in 2023, reaching 1.21 billion CNY, and a 61.6% increase in the first half of 2024, amounting to 750 million CNY. This growth is primarily driven by the increase in last-mile delivery service orders [7][43] - The overseas warehouse model is expected to gain further traction due to the fluctuating US tax policies on small packages, which enhances the demand for localized delivery and predictable shipping times [7][23] Summary by Sections Company Overview - EDA Group Holdings is the first listed company in China focusing on overseas warehouses, providing end-to-end supply chain solutions for cross-border e-commerce. The company has expanded its overseas warehouse network significantly since its establishment in 2014 [11][19] Financial Performance - The company forecasts significant revenue growth from 2024 to 2026, with expected revenues of 1.77 billion CNY, 2.41 billion CNY, and 3.18 billion CNY respectively. The net profit attributable to the parent company is projected to be 880 million CNY, 1.46 billion CNY, and 2.2 billion CNY for the same period [60][62] - The earnings per share (EPS) are expected to increase from 0.20 CNY in 2024 to 0.50 CNY in 2026, reflecting the company's strong growth trajectory [60][62] Market Dynamics - The B2C cross-border e-commerce market in China has shown robust growth, with the market size increasing from 924.5 billion CNY in 2017 to an estimated 32.25 trillion CNY in 2022, with a compound annual growth rate (CAGR) of 28.4% [28] - The logistics service market for B2C export e-commerce is also expanding rapidly, with the market size projected to reach 621.3 billion CNY by 2027 [34] Business Model - The company operates under a dual model of headway international freight services and last-mile delivery services, with the latter accounting for 78.5% of its revenue in 2023. The last-mile delivery service has seen a 95.9% increase in order volume year-on-year [11][43] - The overseas warehouse model allows for faster and more predictable delivery times, which is becoming increasingly preferred over traditional direct mail methods [32][34] Competitive Position - EDA Group Holdings is expected to enhance its market share as the demand for overseas warehouses grows alongside the development of cross-border e-commerce in China. The company aims to optimize its warehouse layout and reduce costs through AI and large model technologies [62]

Investment Rating - The report initiates coverage on EDA Group Holdings with a "BUY" rating, setting a target price of HK$3.57 per share, indicating a potential upside of 53.2% from the current price of HK$2.33 [2]. Core Insights - EDA Group is positioned as a leading provider of end-to-end supply chain solutions for B2C export e-commerce, leveraging its proprietary EDA Cloud platform to enhance operational efficiency and customer connectivity [13][25]. - The B2C export e-commerce supply chain solutions market is projected to grow significantly, with a market size of RMB402.4 billion in 2022 and an expected CAGR of 9.1% from 2022 to 2027, driven by the increasing adoption of pre-sale stocking models [8][39]. - EDA's technology capabilities and asset-light model, which includes self-operated and partnered warehouses, provide a competitive edge, allowing for scalable growth and improved profitability [10][24]. Company Overview - EDA Group Holdings is a comprehensive supply chain solutions provider for e-commerce vendors, offering services that include cross-border logistics, overseas warehousing, and fulfillment delivery, all integrated into the EDA Cloud platform [13]. - The company primarily utilizes a pre-sale stocking model, which allows e-commerce vendors to store products in overseas warehouses, facilitating faster and more reliable delivery to end consumers [34][39]. Financial Performance - EDA's revenue for FY22 was RMB709 million, with a projected revenue growth of 70.6% to RMB1,209 million in FY23, and further growth to RMB2,776 million by FY26, reflecting a CAGR of 31.9% [4]. - Adjusted net profit is expected to grow from RMB36.8 million in FY23 to RMB222.6 million by FY26, indicating a CAGR of 34.3% [4]. Market Analysis - The B2C export e-commerce market in China has seen rapid growth, with a GMV of RMB3.2 trillion in 2022, and is expected to reach RMB6.0 trillion by 2027, driven by improved payment systems and increased online shopping habits [30]. - The supply chain solutions market is fragmented, with over 4,000 players, and EDA ranks seventh among providers utilizing the pre-sale stocking model, holding a market share of approximately 0.4% [9]. Competitive Advantages - EDA Cloud platform serves as a key competitive advantage, providing a seamless supply chain experience and enabling efficient resource allocation among logistics and supply chain service providers [10][25]. - The company has established long-term relationships with high-quality customers, with an average business relationship duration of four years with its five largest customers, enhancing customer retention and satisfaction [12][26]. Growth Catalysts - Key growth catalysts for EDA include the mitigation of geopolitical risks, expansion of partnerships with leading e-commerce platforms, and stronger-than-expected earnings growth [8].

Investment Rating - The report initiates coverage on EDA Group with a "Buy" rating and sets a target price of HK$3.57, representing a 53.2% upside from the current price of HK$2.33 [1]. Core Insights - EDA Group is positioned to benefit from the rapid growth of the B2C export e-commerce market, with a projected revenue CAGR of 31.9% from 2023 to 2026 and an adjusted net profit CAGR of 34.3% [1][2]. - The company ranks seventh among B2C export e-commerce supply chain solution providers in mainland China, with a market share of approximately 0.4% as of 2022 [1][6]. - EDA's cloud platform is a key competitive advantage, enhancing operational efficiency and enabling seamless integration of logistics and supply chain services [1][7]. Summary by Sections Company Overview - EDA Group provides end-to-end supply chain solutions for e-commerce vendors, integrating cross-border logistics, overseas warehousing, and fulfillment services into its proprietary EDA Cloud platform [10][15]. Market Analysis - The B2C export e-commerce supply chain solutions market experienced a CAGR of 28.8% from 2017 to 2022, reaching a market size of RMB 402.4 billion in 2022, with expectations to grow to RMB 621.3 billion by 2027 [5][27]. - The market is characterized by a shift towards pre-sale inventory models, which are expected to grow at a CAGR of 14.5% from 2022 to 2027, driven by improved shopping experiences and faster delivery times [5][27]. Financial Forecast - Revenue projections for EDA indicate growth from RMB 709 million in FY22 to RMB 2,776 million by FY26, with a significant increase in adjusted net profit from RMB 36.8 million in FY22 to RMB 222.6 million by FY26 [2][4]. Competitive Advantages - EDA's cloud platform is highlighted as a critical asset, facilitating efficient connections between logistics providers and B2C e-commerce platforms, thus improving operational efficiency [7][20]. - The company maintains long-term strategic partnerships with major clients, enhancing its ability to deliver differentiated value and ensuring stable revenue streams [8][22]. Customer Base - EDA has served over 850 clients, with a growing number of core customers contributing significantly to its revenue, indicating a robust and expanding customer base [8][22].