Core Viewpoint - JinkoSolar Holding Co., Ltd. (02551) shares rose over 9%, reaching HKD 3.14 with a trading volume of HKD 1.0043 million, following an announcement of share buyback plans by major shareholders [1] Group 1: Shareholder Actions - On September 29, JinkoSolar announced that it received notification from its controlling shareholder and senior management regarding plans to increase their holdings in the company [1] - The buyback plan involves purchasing up to 5 million H-shares within the next three months, reflecting confidence in the company's future development and long-term investment value [1] - The controlling shareholder currently holds 43.72% of the company's total share capital [1]

Core Viewpoint - JinkoSolar Holding Co., Ltd. (02551) shares rose over 9%, reaching a price of HKD 3.14 with a trading volume of HKD 1.0043 million, following an announcement regarding share buybacks by major shareholders [1] Group 1 - On September 29, JinkoSolar announced that it received notification from its controlling shareholder and senior management regarding their optimistic outlook on the company's future development [1] - The controlling shareholder plans to increase its stake in the company by purchasing up to 5 million H-shares in the open market within the next three months [1] - Currently, the controlling shareholder holds 43.72% of the company's total share capital [1]

Core Viewpoint - JinkoSolar Holding Co., Ltd. announced that its controlling shareholder group and senior management plan to increase their holdings of the company's H-shares in the open market within three months, reflecting their optimistic outlook on the company's future development and long-term investment value [1][2] Group 1 - The controlling shareholder group and senior management intend to purchase up to 5 million H-shares as part of their plan [1] - As of the announcement date, the controlling shareholder group holds a total of approximately 63.52 million H-shares and 171 million domestic shares, representing about 43.72% of the company's total issued shares [2] - The planned increase in holdings is expected to keep the controlling shareholder group's total shareholding below the threshold that would trigger mandatory offer obligations under the Hong Kong Code on Takeovers and Mergers [2] Group 2 - The company anticipates that it will continue to meet the minimum public float requirements as stipulated in the listing rules after the completion of the share purchase plan [2]

Core Viewpoint - JinkoSolar Holding Co., Ltd. plans to repurchase up to 5 million H-shares in the open market within three months, reflecting confidence in the company's future development and long-term investment value [1][2] Group 1: Shareholding and Repurchase Plan - The controlling shareholder group and senior management hold a total of approximately 63.52 million H-shares and 171 million domestic shares, representing about 43.72% of the company's total issued shares [2] - The repurchase plan is designed to ensure compliance with the minimum public float requirements under the Hong Kong Stock Exchange listing rules [1][2] - After the completion of the repurchase plan, the controlling shareholder's total shareholding is expected to remain below the threshold that would trigger mandatory offer obligations under the Takeovers Code [2]

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之內容概不負責，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之任何損失承擔任何責任。 APT Electronics Co., Ltd. 廣東晶科電子股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2551） 自願性公告 關於控股股東集團及高管擬增持本公司H股股份計劃的公告 承董事會命 廣東晶科電子股份有限公司 本公告乃由廣東晶科電子股份有限公司（「本公司」，連同其附屬公司統稱「本 集團」）自願作出。 本公司於2025年9月29日收到本公司控股股東集團（「控股股東集團」）1及高級管 理人員（「高管」）2的通知，基於對本集團未來發展前景的樂觀判斷和本集團將 持續、穩定及健康發展的信心，以及對本集團長遠投資價值的充分認同，控股 股東集團及高管計劃自本公告之日起3個月內於公開市場交易中增持本公司H 股股份。根據《香港聯合交易所有限公司證券上市規則》（「上市規則」）有關最 低公眾持股量的規定，為確保公司持續符合相關監管要求，控股股東集團及高 管本次擬增持H股股份總數不超過50 ...

Company Transformation and Technology Integration - The company has successfully transitioned from a traditional LED manufacturer to a provider of intelligent vision products and system solutions, leveraging its core "LED+" technology[11] - The company is committed to continuous technological innovation, integrating LED technology with integrated circuits, electronic control, software, sensors, and optics[11] - The company is focusing on integrating advanced technologies such as Mini LED and MicroLED to enhance display performance and meet consumer demands for high color saturation and contrast[14] - The company plans to leverage AI technology to enhance manufacturing capabilities and optimize production processes, aiming for improved product quality and consistency[23] - The company is committed to expanding its product offerings in automotive smart vision, high-end lighting, and new display technologies, targeting high-growth areas[24] Market Trends and Performance - In the first half of 2025, the Chinese automotive industry faced a complex situation with high growth but low profitability, leading to a price war that affected component manufacturers, including those producing automotive lighting[12] - The penetration rate of LED intelligent vehicle lights is rapidly increasing due to their energy efficiency and safety features, despite industry profitability pressures from price competition[12] - The high-end lighting market is driven by the demand for LED replacements and improvements in LED quality, with significant growth expected in LED plant lighting due to vertical farming[14] - The new display market is experiencing rapid development, with retail sales in the online market growing by 15% and offline market sales by 16% in the first half of 2025[14] - Mini LED television sales penetration increased from 16% to over 40% during the "618" sales event, indicating strong demand for larger and high-end televisions[14] Financial Performance - The company achieved revenue of RMB 1.113 billion, a year-on-year increase of 3.9%, while net profit decreased to RMB 11.232 million, down 77.4% due to reduced profits in the smart automotive lighting segment[16] - The automotive smart vision business generated revenue of RMB 419 million, a year-on-year decline of 9.3%, primarily due to intensified competition and a decrease in sales prices[19] - Revenue from the new display segment reached RMB 354 million, reflecting a significant year-on-year growth of 30.3%[20] - The high-end lighting segment maintained stable sales revenue of RMB 340 million, with a slight year-on-year increase of 0.6%[21] - The company's total revenue for the first half of 2025 reached RMB 1,112.6 million, representing a year-on-year growth of 3.9%[26] Research and Development - Future R&D will focus on smart vision products and systems, with an emphasis on innovation in product technology[22] - The company is investing in the construction of a new R&D base in Guangzhou, which has led to increased costs but is expected to enhance technical capabilities and order acquisition[16] - The company has developed a range of advanced automotive LED components and modules, focusing on high brightness and reliability for autonomous driving applications[19] - The company has obtained a total of 446 authorized patents across various regions, including 125 invention patents, enhancing its competitive edge[21] - Research and development expenses increased to RMB 55,696,000, up 24.8% from RMB 44,638,000 in the previous year[86] Financial Position and Liabilities - Total assets as of June 30, 2025, were RMB 2,940.4 million, a decrease of 5.2% from December 31, 2024[30] - Total liabilities decreased by 7.7% to RMB 1,667.7 million, with non-current liabilities increasing significantly due to the recognition of deferred income from government grants[31] - The company's net debt ratio was 14.9%, and the debt-to-asset ratio was 56.7%, indicating a stable financial structure[36] - As of June 30, 2025, the group has restricted assets with a book value of RMB 431.8 million used for bank financing, including RMB 99.4 million in restricted bank deposits and RMB 235.8 million in property, plant, and equipment[41] - The company reported a significant decrease in trade receivables, which fell to RMB 960,134,000 from RMB 1,092,491,000, a decline of 12.1%[90] Shareholder Information and Corporate Governance - The company has a total of 537,146,709 shares issued as of June 30, 2025, including 283,000,066 domestic unlisted shares and 254,146,643 H shares[63] - Major shareholders include Mr. Xiao, Mr. Chen, and Mr. Yuan, each holding approximately 31.89% of domestic unlisted shares and 11.83% of H shares[63] - The audit committee consists of three independent non-executive directors, ensuring compliance with corporate governance standards[59] - The company has not recommended the payment of an interim dividend for the six months ending June 30, 2025[61] - The board of directors approved the interim consolidated financial information on August 28, 2025[153] Employee and Management Compensation - The total number of employees as of June 30, 2025, is 2,345, a decrease from 2,459 as of December 31, 2024[45] - Employee costs for the reporting period amount to approximately RMB 194.3 million, compared to RMB 168.5 million for the same period in 2024[45] - The total compensation for directors, supervisors, and senior management during the reporting period is approximately RMB 7.42 million, slightly up from RMB 7.29 million in the previous year[45] - The total remuneration for key management personnel for the six months ended June 30, 2025, was RMB 7,420 thousand, a slight increase of 1.7% from RMB 7,294 thousand in the same period of 2024[141] - The total compensation for executive directors, non-executive directors, and key management personnel amounted to RMB 8,923,000 for the year ending December 31, 2024, compared to RMB 7,318,000 for the year ending December 31, 2023, reflecting an increase of approximately 21.9%[146][147]

Industry Overview - LED car lights, utilizing light-emitting diodes, are becoming the ideal choice for modern automotive lighting due to their high energy efficiency and long lifespan [2][6] - The industry is driven by a combination of policies and standards, with multiple initiatives in place to support technological innovation and market demand [6][10] - The market for LED car lights is projected to reach 45.7 billion yuan in 2024, reflecting a growth of 9.9% year-on-year [12] Market Dynamics - The automotive market is experiencing stable growth, with production and sales figures for the first seven months of 2025 reaching 18.24 million and 18.27 million vehicles, respectively, marking increases of 12.7% and 12% year-on-year [10] - The penetration rate of new energy vehicles is climbing, with projections indicating that by 2025, the penetration rate will reach 45% [10] - The value of the lighting system in new energy vehicles has increased by 30%-50% compared to traditional fuel vehicles, highlighting the strategic importance of LED car lights [10] Technological Advancements - The LED car light industry is undergoing a transformation towards smart and interactive designs, with a focus on aesthetic integration and functionality [12][15] - The penetration rate of ADB (Adaptive Driving Beam) technology is expected to exceed 45% by 2025, enhancing night driving safety [15] - Innovations such as laser headlights and DLP (Digital Light Processing) technology are being developed to improve performance and user experience [12][15] Competitive Landscape - The industry is characterized by a dual-leader structure with domestic companies like Xingyu and Huayu Visual Technology leading the market, while foreign firms maintain a stronghold in high-end segments [13][14] - Domestic companies are increasingly capturing market share, with projections indicating that they will account for 35% of the global market by 2025 [15] - The competitive dynamics are shifting from traditional lighting to smart and integrated solutions, driven by the rise of new energy vehicles and autonomous driving technologies [14][15] Future Trends - The LED car light industry is expected to see a threefold upgrade in technology, functionality, and supply chain dynamics, moving towards a model defined by smart and scenario-based applications [15] - The integration of lighting systems with ADAS (Advanced Driver Assistance Systems) is anticipated to create a closed-loop system for enhanced safety and functionality [15] - The industry is also focusing on global expansion, with local manufacturing bases being established in regions like Mexico and Hungary to support international demand [15]

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 第 1 頁 共 10 頁 v 1.1.1 本月底法定/註冊股本總額： RMB 537,146,709 FF301 致：香港交易及結算所有限公司 公司名稱: 廣東晶科電子股份有限公司 呈交日期: 2025年9月4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) | 02551 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 254,146,643 | RMB | | | 1 RMB | | 254,146,643 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 254,1 ...

Group 1 - The core revenue for the company for the six months ending June 30, 2025, was 1.113 billion RMB, representing a year-on-year increase of 3.9% [1] - The gross profit was 168 million RMB, with a shareholder profit of 11.232 million RMB and basic earnings per share of 0.02 RMB [1] - Revenue from automotive intelligent vision products was 418.5 million RMB, a decline of 9.3% year-on-year, primarily due to increased competition in the automotive industry leading to a decrease in sales price [1] Group 2 - Revenue from automotive-grade devices and modules saw significant growth due to enhanced product performance and an increase in mass production projects [1] - The new display products generated revenue of 354.4 million RMB, a year-on-year increase of 30.3%, driven by the application of large-size TV backlight modules and MiniLED display technology [1] - The high-end lighting products generated revenue of 339.6 million RMB, a slight increase of 0.6% year-on-year, attributed to intensified market competition and growth in high-efficiency plant lighting products [2]

Group 1 - The company reported a revenue of 1.113 billion RMB for the six months ending June 30, 2025, representing a year-on-year increase of 3.9% [1] - The revenue from automotive intelligent vision products was 418.5 million RMB, a decrease of 9.3% year-on-year, primarily due to intensified competition in the automotive industry leading to a decline in sales prices [1] - Revenue from new display products reached 354.4 million RMB, a year-on-year increase of 30.3%, driven by the application of large-size TV backlight modules and MiniLED display technology [1] Group 2 - Revenue from high-end lighting products was 339.6 million RMB, a year-on-year increase of 0.6%, attributed to increased market demand for high-efficiency plant lighting products despite a decline in general lighting SMD packaging prices [2]