[Supplementary Announcement Overview](index=1&type=section&id=Supplementary%20Announcement%20Overview) This section outlines the purpose and background of the supplementary announcement, providing additional details for the 2024 annual report [Purpose and Background of the Announcement](index=1&type=section&id=Purpose%20and%20Background%20of%20the%20Announcement) This supplementary announcement provides additional details on the company's share option scheme for the 2024 annual report, as per Listing Rules - This announcement supplements Huajin International Holdings Limited's 2024 annual report, providing additional information on the share option scheme[2](index=2&type=chunk)[3](index=3&type=chunk) - The supplementary information is provided in accordance with Rules 17.07 and 17.09 of the Listing Rules[3](index=3&type=chunk) [Share Option Scheme Update](index=2&type=section&id=Share%20Option%20Scheme%20Update) This section details the status and changes of unexercised share options for directors, employees, and consultants, along with the scheme's overall validity [Changes in Unexercised Share Options](index=2&type=section&id=Changes%20in%20Unexercised%20Share%20Options) Unexercised share options for directors, employees, and consultants remained unchanged for the year ended December 31, 2024, with no grants, lapses, or exercises [Directors' Share Options](index=2&type=section&id=Directors'%20Share%20Options) Four directors collectively held 7,272,724 unexercised share options as of December 31, 2024, with no changes during the year Directors' Unexercised Share Options (As of December 31, 2024) | Director Name | Unexercised as of Jan 1, 2024 (options) | Lapsed During Year (options) | Granted During Year (options) | Exercised During Year (options) | Unexercised as of Dec 31, 2024 (options) | | :--- | :--- | :--- | :--- | :--- | :--- | | Mr. Xu Songqing | 2,727,272 | – | – | – | 2,727,272 | | Mr. Xu Jianhong | 2,727,272 | – | – | – | 2,727,272 | | Mr. Luo Canwen | 2,727,272 | – | – | – | 2,727,272 | | Mr. Xu Songman | 2,727,272 | – | – | – | 2,727,272 | | **Subtotal** | **7,272,724** | **–** | **–** | **–** | **7,272,724** | [Employees' Share Options](index=3&type=section&id=Employees'%20Share%20Options) Employees held 17,478,257 unexercised share options as of December 31, 2024, showing no change from the beginning of the year Employees' Unexercised Share Options (As of December 31, 2024) | Category | Unexercised as of Jan 1, 2024 (options) | Lapsed During Year (options) | Granted During Year (options) | Exercised During Year (options) | Unexercised as of Dec 31, 2024 (options) | | :--- | :--- | :--- | :--- | :--- | :--- | | Employees | 17,478,257 | – | – | – | 17,478,257 | [Consultants' Share Options](index=3&type=section&id=Consultants'%20Share%20Options) Consultant Mr. Lao Henghuang held 521,739 unexercised share options as of December 31, 2024, unchanged, granted to support business development Consultants' Unexercised Share Options (As of December 31, 2024) | Category | Unexercised as of Jan 1, 2024 (options) | Lapsed During Year (options) | Granted During Year (options) | Exercised During Year (options) | Unexercised as of Dec 31, 2024 (options) | | :--- | :--- | :--- | :--- | :--- | :--- | | Consultants | 521,739 | – | – | – | 521,739 | - Consultant Mr. Lao Henghuang was granted share options for his extensive experience in corporate finance, M&A, regulatory, and compliance, aiming to support the group's business development and expansion[6](index=6&type=chunk) [Overall Share Option Scheme Status](index=3&type=section&id=Overall%20Share%20Option%20Scheme%20Status) The total unexercised share options under the scheme remained at 25,272,720 as of December 31, 2024, with no changes during the year Total Unexercised Share Options (As of December 31, 2024) | Category | Unexercised as of Jan 1, 2024 (options) | Lapsed During Year (options) | Granted During Year (options) | Exercised During Year (options) | Unexercised as of Dec 31, 2024 (options) | | :--- | :--- | :--- | :--- | :--- | :--- | | **Total** | **25,272,720** | **–** | **–** | **–** | **25,272,720** | - For the year ended December 31, 2024, the company neither granted nor cancelled any share options[6](index=6&type=chunk) - All share options have an exercise price of **HK$2.75** and were granted on **June 2, 2021**[4](index=4&type=chunk)[5](index=5&type=chunk) - The company's closing share price immediately prior to the grant date (June 1, 2021) was **HK$2.70**[6](index=6&type=chunk) [Total Number of Issuable Share Options](index=4&type=section&id=Total%20Number%20of%20Issuable%20Share%20Options) The total number of share options available for grant remained at 34,727,280 as of December 31, 2024, due to no activity during the year Total Shares Available for Share Option Grant | Date | Number of Share Options Available for Grant (options) | | :--- | :--- | | Jan 1, 2024 | 34,727,280 | | Dec 31, 2024 | 34,727,280 | - No share options were granted, exercised, or lapsed during the year, thus the number of options available for grant remained unchanged[7](index=7&type=chunk) [Share Option Scheme Validity Period](index=4&type=section&id=Share%20Option%20Scheme%20Validity%20Period) The share option scheme, effective March 22, 2016, has a 10-year validity, with approximately 0.98 years remaining as of the report date - The share option scheme became effective on **March 22, 2016**, with a validity period of **10 years**[8](index=8&type=chunk) - As of the reporting date of the 2024 annual report, the share option scheme's remaining validity period is approximately **0.98 years**[8](index=8&type=chunk) [Other Information](index=4&type=section&id=Other%20Information) This section confirms that the supplementary information does not impact other annual report content and lists the current board members [Board Members](index=4&type=section&id=Board%20Members) This supplementary information does not alter other 2024 annual report content and includes a list of current board members - This supplementary information does not affect other details contained in the 2024 annual report; all other information in the annual report remains unchanged except for the disclosed content[9](index=9&type=chunk) - The board members include Executive Directors Mr. Xu Songqing (Chairman), Mr. Luo Canwen (Chief Executive Officer), and Mr. Xu Songman; Non-executive Director Mr. Xu Jianhong; and Independent Non-executive Directors Mr. Chan Oi Fat, Mr. Au Kai Yuen, and Ms. Yip Nga Ting[9](index=9&type=chunk)

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 本月底法定/註冊股本總額： HKD 80,000,000 FF301 致：香港交易及結算所有限公司 公司名稱: 華津國際控股有限公司 呈交日期: 2025年9月3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) | 02738 | 說明 | 華津國際控股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 8,000,000,000 | HKD | | 0.01 | HKD | | 80,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 8,000,000,000 | HKD ...

Core Points - Huajin International Holdings (02738.HK) reported a revenue of RMB 733 million for the six months ending June 30, 2025, representing a year-on-year decrease of 77.1% [1] - The company recorded a gross loss of RMB 540 million, compared to a gross profit of RMB 94.19 million in the same period last year [1] - The loss attributable to the company's owners was RMB 523 million, contrasting with a profit of RMB 16.88 million in the previous year [1] - Basic loss per share was RMB 0.8719 [1]

Group 1 - The company, Huajin International Holdings (02738), reported a mid-year performance for 2025 with revenue of approximately 733 million, representing a year-on-year decrease of 77.14% [1] - The company experienced a net loss of approximately 523 million, marking a shift from profit to loss compared to the previous year [1] - The loss per share was reported at 87.19 cents [1] Group 2 - The announcement indicated that the net loss was primarily due to declines in revenue, sales volume, and profit margins [1]

[Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) [Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the six months ended June 30, 2025, the Group turned from profit to loss, with significant declines in revenue, gross profit, and profit before tax Metrics | Metric | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Revenue | 732,906 | 3,206,463 | | Cost of Sales | (1,273,119) | (3,112,274) | | Gross (Loss) Profit | (540,213) | 94,189 | | Profit (Loss) Before Tax | (616,799) | 19,477 | | Profit (Loss) for the Period Attributable to Owners of the Company | (523,148) | 16,885 | | Basic (Loss) Earnings Per Share (RMB cents) | (87.19) | 2.81 | - Revenue for the period significantly decreased by **77.1%** from **RMB 3,206,463 thousand** to **RMB 732,906 thousand**[5](index=5&type=chunk) - Gross profit turned from a profit of **RMB 94,189 thousand** in the prior period to a loss of **RMB 540,213 thousand** in the current period[5](index=5&type=chunk) [Condensed Consolidated Statement of Financial Position](index=3&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) [Statement of Financial Position](index=3&type=section&id=Statement%20of%20Financial%20Position) As of June 30, 2025, the Group's net current liabilities and net liabilities significantly increased, indicating heightened liquidity pressure Metrics | Metric | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Non-current Assets | 2,272,323 | 2,228,043 | | Current Assets | 1,030,213 | 1,488,609 | | Current Liabilities | 2,126,355 | 2,243,122 | | Net Current Liabilities | (1,096,142) | (754,513) | | Net Liabilities | (99,640) | 423,762 | | Bank Balances and Cash | 5,200 | 35,268 | | Restricted Bank Deposits | 129,906 | 179,431 | - Net current liabilities increased from **RMB 754,513 thousand** as of December 31, 2024, to **RMB 1,096,142 thousand** as of June 30, 2025[6](index=6&type=chunk) - Equity attributable to owners of the Company turned from **RMB 422,032 thousand** as of December 31, 2024, to a deficit of **RMB (101,370) thousand** as of June 30, 2025[7](index=7&type=chunk) [Notes to the Condensed Consolidated Financial Statements](index=5&type=section&id=Condensed%20Consolidated%20Financial%20Statements%20Notes) [1. Basis of Preparation](index=5&type=section&id=1.%20Basis%20of%20Preparation) The condensed consolidated financial statements are prepared under HKAS 34, with the directors affirming the Group's going concern despite net current liabilities - As of June 30, 2025, the Group's current liabilities exceeded current assets by **RMB 1,096,142 thousand**, and it recorded net liabilities of **RMB 99,640 thousand**[9](index=9&type=chunk) - The Board adopted the going concern basis for preparing the statements, based on existing bank credit facilities (**RMB 1,646,358 thousand** utilized, **RMB 1,208,877 thousand** unutilized) and projected operating cash flows[10](index=10&type=chunk)[11](index=11&type=chunk) [2. Accounting Policies](index=6&type=section&id=2.%20Accounting%20Policies) The condensed consolidated financial statements are prepared on a historical cost basis, with new HKFRS standards having no material impact - The Group first applied revised HKFRS accounting standards issued by the HKICPA, including HKAS 21 (Revised) Lack of Exchangeability[13](index=13&type=chunk) - The application of new accounting standards had no material impact on the financial position and performance for the current and prior periods[13](index=13&type=chunk) [3. Revenue and Segment Information](index=7&type=section&id=3.%20Revenue%20and%20Segment%20Information) The Group operates a single segment, primarily producing and selling cold-rolled and galvanized steel products, with revenue significantly declining - The Group operates a single business segment, primarily engaged in the production and sale of cold-rolled and galvanized steel products, mainly in China[14](index=14&type=chunk) Revenue by Product Type | Product Type | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Sales of Cold-rolled Steel Products | 341,036 | 1,737,573 | | Sales of Galvanized Steel Products | 209,050 | 1,148,899 | | Sales of Hot-rolled Steel Products and Others | 182,820 | 319,991 | | **Total Revenue** | **732,906** | **3,206,463** | - The China market (including Hong Kong) contributed over **99.6%** of revenue, with minimal contribution from Southeast Asia[16](index=16&type=chunk)[59](index=59&type=chunk) [4. Financial Income and Costs](index=8&type=section&id=4.%20Financial%20Income%20and%20Costs) Net finance costs decreased to RMB (28,663) thousand for the six months ended June 30, 2025, mainly due to lower interest expenses on borrowings Net Financial Income and Costs | Metric | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Finance Costs | (29,472) | (53,216) | | Finance Income | 809 | 1,724 | | **Net Finance Costs** | **(28,663)** | **(51,492)** | - Net finance costs decreased by **44.5%** year-on-year, primarily due to lower interest expenses on borrowings[17](index=17&type=chunk)[72](index=72&type=chunk) [5. Income Tax (Credit) Expense](index=8&type=section&id=5.%20Income%20Tax%20(Credit)%20Expense) The Group recorded an income tax credit of RMB 93,651 thousand for the period, primarily due to deferred tax credits Income Tax (Credit) Expense | Metric | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Current Tax Expense | – | 3,398 | | Deferred Tax | (93,651) | (806) | | **Income Tax (Credit) Expense for the Period** | **(93,651)** | **2,592** | - Income tax for the period shifted from an expense to a credit, mainly due to a deferred tax credit of **RMB 93,651 thousand**[18](index=18&type=chunk)[73](index=73&type=chunk) [6. Profit (Loss) and Total Comprehensive (Expense) Income for the Period](index=9&type=section&id=6.%20Profit%20(Loss)%20and%20Total%20Comprehensive%20(Expense)%20Income%20for%20the%20Period) The Group reported a loss attributable to owners of RMB 523,148 thousand, a stark contrast to the prior period's profit, influenced by various expenses Profit (Loss) and Total Comprehensive (Expense) Income for the Period | Metric | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Profit (Loss) and Total Comprehensive (Expense) Income for the Period Attributable to Owners of the Company | (523,148) | 16,885 | | Total Employee Benefit Expenses | 57,365 | 70,288 | | Depreciation of Property, Plant and Equipment (Net) | 4,244 | 7,128 | | Depreciation of Right-of-use Assets (Net) | 2,513 | 2,587 | | Cost of Inventories Recognized as an Expense | 1,273,119 | 3,112,274 | | Loss on Disposal of Property, Plant and Equipment | 4,780 | 139 | - Total employee benefit expenses for the period decreased by **18.4%** year-on-year to **RMB 57,365 thousand**[20](index=20&type=chunk) - Cost of inventories recognized as an expense significantly decreased by **59.1%** year-on-year to **RMB 1,273,119 thousand**[20](index=20&type=chunk) [7. Earnings (Loss) Per Share](index=10&type=section&id=7.%20Earnings%20(Loss)%20Per%20Share) Basic and diluted loss per share was RMB 87.19 cents for the period, reflecting a significant deterioration in performance Earnings (Loss) Per Share | Metric | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Profit (Loss) for the Period Used in Calculation | (523,148) | 16,885 | | Weighted Average Number of Ordinary Shares | 600,000,000 | 600,000,000 | | **Basic and Diluted (Loss) Earnings Per Share (RMB cents)** | **(87.19)** | **2.81** | - Due to the loss incurred for the period, the dilutive effect of share options was not assumed to be exercised, as the adjusted exercise price was higher than the average market price of the shares[22](index=22&type=chunk) [8. Dividends](index=10&type=section&id=8.%20Dividends) The Board did not recommend an interim dividend for the six months ended June 30, 2025, consistent with the prior period - No interim dividend was recommended for the six months ended June 30, 2025 (June 30, 2024: nil)[23](index=23&type=chunk)[99](index=99&type=chunk) [9. Property, Plant and Equipment and Right-of-use Assets](index=11&type=section&id=9.%20Property,%20Plant%20and%20Equipment%20and%20Right-of-use%20Assets) Capital expenditures for property, plant, and equipment significantly decreased, with no new land use rights acquired during the period - For the six months ended June 30, 2025, the Group acquired property, plant and equipment and incurred construction costs of **RMB 65,139 thousand**, a significant decrease from **RMB 432,236 thousand** in the prior period[24](index=24&type=chunk) - No new land use rights were acquired during the period, compared to the acquisition of new land use rights for a cash consideration of **RMB 41,613 thousand** in the prior period[24](index=24&type=chunk) [10. Trade and Other Receivables and Bills Receivable](index=11&type=section&id=10.%20Trade%20and%20Other%20Receivables%20and%20Bills%20Receivable) Total trade and bills receivables decreased, with a shift in the aging structure of bills receivable and some transferred with full recourse Trade and Other Receivables and Bills Receivable | Metric | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Trade Receivables (Net) | 38,468 | 44,577 | | Bills Receivable | 61,826 | 112,592 | | Prepayments to Suppliers | 480,042 | 541,000 | | Recoverable VAT | 129,898 | 127,988 | | Other Prepayments, Deposits and Other Receivables | 137,385 | 137,511 | | **Total** | **847,619** | **963,668** | - Total bills receivable decreased from **RMB 112,592 thousand** as of December 31, 2024, to **RMB 61,826 thousand** as of June 30, 2025[25](index=25&type=chunk) - As of June 30, 2025, bills receivable of **RMB 39,449 thousand** were transferred to banks and suppliers with full recourse, and the Group continues to recognize their carrying amount[27](index=27&type=chunk)[28](index=28&type=chunk) [11. Trade and Other Payables and Accrued Expenses](index=14&type=section&id=11.%20Trade%20and%20Other%20Payables%20and%20Accrued%20Expenses) Total trade and other payables and accrued expenses decreased, with notable reductions in construction payables and other tax payables Trade and Other Payables and Accrued Expenses and Accrued Expenses | Metric | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Trade Payables | 121,142 | 113,481 | | Bills Payable | 73,237 | 80,000 | | Accrued Staff Costs | 11,285 | 24,060 | | Construction Payables | 81,136 | 144,248 | | Other Tax Payables | 2,422 | 22,384 | | **Total** | **314,333** | **423,414** | - Aging analysis of trade payables (excluding endorsed bills) showed a significant decrease in amounts within 30 days, while amounts within 181-365 days and over 1 year increased[31](index=31&type=chunk) - Total bills payable decreased from **RMB 80,000 thousand** as of December 31, 2024, to **RMB 73,237 thousand** as of June 30, 2025[33](index=33&type=chunk) [12. Amounts Due to Related Parties](index=15&type=section&id=12.%20Amounts%20Due%20to%20Related%20Parties) Amounts due to related parties decreased to RMB 1,201 thousand, representing non-trade, interest-free, unsecured balances repayable within twelve months Amounts Due to Related Parties | Related Party | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Mr. Xu | 958 | 3,014 | | Mr. Chen Chun Niu | 243 | 163 | | **Total** | **1,201** | **3,177** | - Amounts due to related parties are non-trade in nature, interest-free, unsecured, and repayable within twelve months from their respective dates[33](index=33&type=chunk) [13. Borrowings](index=16&type=section&id=13.%20Borrowings) Total borrowings slightly decreased to RMB 2,362,062 thousand, comprising secured and unsecured bank borrowings and secured borrowings from independent entities Total Borrowings | Borrowing Type | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Fixed-rate Borrowings | 2,204,722 | 2,207,722 | | Floating-rate Borrowings | 157,340 | 302,721 | | **Total Borrowings** | **2,362,062** | **2,510,443** | - Bank borrowings due within one year decreased from **RMB 1,257,356 thousand** as of December 31, 2024, to **RMB 905,909 thousand** as of June 30, 2025[34](index=34&type=chunk) - The secured portion of the Group's borrowings is collateralized by certain assets and equity interests in a subsidiary, with some borrowings also personally guaranteed by certain directors of the Company[35](index=35&type=chunk) [14. Share Capital](index=17&type=section&id=14.%20Share%20Capital) The company's issued share capital remained unchanged at 600,000,000 shares of HKD 0.01 each, totaling RMB 4,999 thousand Share Capital Details | Metric | Number of Shares | Share Capital (HKD thousand) | | :--- | :--- | :--- | | Authorized Share Capital | 8,000,000,000 | 80,000 | | Issued Share Capital | 600,000,000 | 6,000 | | Presented in Condensed Consolidated Statement of Financial Position (RMB thousand) | - | 4,999 | [15. Share-based Payments](index=17&type=section&id=15.%20Share-based%20Payments) The number of outstanding share options decreased due to forfeiture, with 15,163,632 options remaining unexercised at HKD 2.75 each Share Option Movements | Status | Number of Share Options | | :--- | :--- | | Outstanding as of January 1, 2024 and December 31, 2024 | 25,272,720 | | Forfeited during the period | (10,109,088) | | **Outstanding as of June 30, 2025** | **15,163,632** | - As of June 30, 2025, all **15,163,632** outstanding share options were exercisable at an exercise price of **HKD 2.75** per share[41](index=41&type=chunk)[42](index=42&type=chunk) [16. Capital Commitments](index=20&type=section&id=16.%20Capital%20Commitments) Capital commitments for property, plant, and equipment decreased to RMB 100,929 thousand as of June 30, 2025 Capital Commitments | Category | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Contracted but not provided for capital expenditure for acquisition of property, plant and equipment | 100,929 | 112,074 | [17. Pledge of Assets](index=20&type=section&id=17.%20Pledge%20of%20Assets) Certain borrowings are secured by the Group's assets, with a total carrying value of RMB 1,851,117 thousand as of June 30, 2025 Carrying Value of Pledged Assets | Asset Class | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Trade Receivables | – | 9,259 | | Property, Plant and Equipment | 1,499,037 | 1,451,558 | | Right-of-use Assets | 222,174 | 237,239 | | Restricted Bank Deposits | 129,906 | 179,431 | | **Total** | **1,851,117** | **1,877,487** | - Certain borrowings of the Group are secured by its assets, including property, plant and equipment, right-of-use assets, and restricted bank deposits[44](index=44&type=chunk) [18. Related Party Disclosures](index=21&type=section&id=18.%20Related%20Party%20Disclosures) The Group has outstanding balances and interest expenses with related parties, with some borrowings personally guaranteed by directors - Details of outstanding balances with related parties are disclosed in the condensed consolidated statement of financial position and Note 12[45](index=45&type=chunk) Related Party Transactions | Related Party | Nature of Transaction | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | :--- | | Hua Jin Holdings Pte. Ltd | Interest Expense on Lease Liabilities | 8 | 1 | | 东方溢进有限公司 | Interest Expense on Lease Liabilities | 11 | 12 | - Certain borrowings of the Group are personally guaranteed by certain directors of the Company[47](index=47&type=chunk) Key Management Personnel Remuneration | Remuneration Type | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Salaries, Allowances and Other Benefits | 2,647 | 2,817 | | Retirement Benefit Scheme Contributions | 91 | 152 | | Share-based Payment Expenses | – | 245 | | **Total** | **2,738** | **3,214** | [Management Discussion and Analysis](index=23&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review](index=23&type=section&id=Business%20Review) The Group, a cold-rolled steel processor, expanded into port operations, but faced significant revenue and profit declines due to market contraction and tariffs - The Group is primarily engaged in processing hot-rolled steel coils into cold-rolled and galvanized steel products, and since 2024, in port operations and related services[49](index=49&type=chunk) - Huajin Port has invested approximately **RMB 750.0 million**, with three existing berths and an expected annual throughput of over **15 million tons**[50](index=50&type=chunk) - For the six months ended June 30, 2025, revenue was approximately **RMB 732.9 million**, a **77.1%** year-on-year decrease, with a loss attributable to owners of approximately **RMB 523.1 million**[52](index=52&type=chunk) - Combined sales volume of cold-rolled and galvanized steel products decreased by **78.6%**, primarily due to punitive tariffs imposed by major global importers on steel products, leading to significant declines in downstream customers' export sales volume and average selling prices[54](index=54&type=chunk)[66](index=66&type=chunk) [Financial Review](index=26&type=section&id=Financial%20Review) The Group's financial performance deteriorated significantly, with substantial declines in revenue, gross profit, and investment income, leading to a net loss [Revenue (Financial Review)](index=26&type=section&id=Revenue_FR) Revenue significantly decreased by 77.1% to RMB 732.9 million, driven by lower sales volumes and average selling prices of steel products Revenue Details | Product Type | 2025 (RMB thousand) | 2025 (%) | 2024 (RMB thousand) | 2024 (%) | | :--- | :--- | :--- | :--- | :--- | | Sales of Cold-rolled Steel Products | 341,036 | 46.6 | 1,737,573 | 54.2 | | Sales of Galvanized Steel Products | 209,050 | 28.5 | 1,148,899 | 35.8 | | Sales of Hot-rolled Steel Products and Others | 182,820 | 24.9 | 319,991 | 10.0 | | **Total Revenue** | **732,906** | **100.0** | **3,206,463** | **100.0** | - Cold-rolled steel product sales volume decreased by **78.3%** to **91,262 tons**, and galvanized steel product sales volume decreased by **79.1%** to **54,232 tons**[57](index=57&type=chunk) - Average selling price of cold-rolled steel products fell from **RMB 4,137** per ton to **RMB 3,737** per ton, and galvanized steel products from **RMB 4,437** per ton to **RMB 3,855** per ton[58](index=58&type=chunk) [Cost of Sales](index=28&type=section&id=Cost%20of%20Sales) Cost of sales decreased by 59.1% to RMB 1,273.1 million, primarily due to reduced direct material costs from lower sales volumes Cost of Sales Details | Category | 2025 (RMB thousand) | 2025 (%) | 2024 (RMB thousand) | 2024 (%) | | :--- | :--- | :--- | :--- | :--- | | Direct Materials | 1,118,522 | 87.9 | 2,865,012 | 92.1 | | Utilities | 32,470 | 2.6 | 104,919 | 3.4 | | Direct Labor | 35,331 | 2.8 | 47,511 | 1.5 | | Depreciation Expense | 49,958 | 3.9 | 46,294 | 1.5 | | Consumables | 32,020 | 2.4 | 43,089 | 1.4 | | Others | 4,818 | 0.4 | 5,449 | 0.1 | | **Total** | **1,273,119** | **100.0** | **3,112,274** | **100.0** | - Reduced direct material costs were the primary reason for the decrease in cost of sales, accounting for **87.9%** of total cost of sales[62](index=62&type=chunk) - Depreciation expense increased by **8.0%** to **RMB 50.0 million**, mainly due to increased depreciation of property, plant and equipment[64](index=64&type=chunk) [Gross (Loss) Profit](index=29&type=section&id=Gross%20(Loss)%20Profit) The Group recorded a gross loss of RMB 540.2 million, with a gross loss margin of 73.7%, a sharp reversal from the prior period's gross profit - The Group recorded a gross loss of approximately **RMB 540.2 million**, compared to a gross profit of approximately **RMB 94.2 million** in the prior period[66](index=66&type=chunk) - The gross loss margin was approximately **73.7%**, compared to a gross profit margin of **2.9%** in the prior period, mainly due to punitive tariffs, decreased export sales volume and prices of downstream customers, delayed or cancelled orders, and failure to meet minimum off-take requirements from steel mills[66](index=66&type=chunk) [Other Income, Other Gains and Losses (Net)](index=29&type=section&id=Other%20Income,%20Other%20Gains%20and%20Losses%20(Net)) Other income, other gains and losses turned into a net loss of RMB 2.1 million, mainly due to reduced VAT credits and derivative financial instrument gains - A net loss of approximately **RMB 2.1 million** was recorded for the period, compared to a net gain of **RMB 24.5 million** in the prior period[67](index=67&type=chunk) - Key reasons include a **RMB 17.2 million** reduction in additional VAT credit deductions, a **RMB 3.0 million** decrease in gains from commodity futures contract deposits, and an approximately **RMB 4.6 million** increase in loss on disposal of property, plant and equipment[68](index=68&type=chunk) [Selling Expenses](index=30&type=section&id=Selling%20Expenses) Selling expenses decreased by 17.9% to RMB 13.8 million, primarily attributable to the significant reduction in revenue - Selling expenses decreased by approximately **RMB 3.0 million**, or **17.9%**, to **RMB 13.8 million**[69](index=69&type=chunk) [Administrative Expenses](index=30&type=section&id=Administrative%20Expenses) Administrative expenses decreased by 13.3% to RMB 32.0 million, mainly due to reductions in salaries, consumables, and entertainment expenses - Administrative expenses decreased by approximately **RMB 4.9 million**, or **13.3%**, to **RMB 32.0 million**[70](index=70&type=chunk) - The main reasons were a decrease of approximately **RMB 1.9 million** in administrative salaries and employee benefits, **RMB 1.5 million** in consumables, and **RMB 1.5 million** in entertainment expenses[70](index=70&type=chunk) [Investment Income](index=30&type=section&id=Investment%20Income) Investment income was nil for the period, compared to RMB 6.1 million in the prior period, due to reduced realized gains from commodity futures - Investment income was nil for the period, compared to approximately **RMB 6.1 million** in the prior period, mainly from realized net gains on derivative financial instruments from commodity futures contracts[71](index=71&type=chunk) [Finance Costs](index=31&type=section&id=Finance%20Costs) Finance costs decreased by 44.5% to RMB 29.5 million, primarily due to a reduction in the general interest rates on most borrowings - Finance costs decreased by approximately **RMB 23.7 million**, or **44.5%**, to **RMB 29.5 million**[72](index=72&type=chunk) - The main reason was a decrease in the general interest rates on most borrowings[72](index=72&type=chunk) [Income Tax Expense](index=31&type=section&id=Income%20Tax%20Expense) The Group recorded a deferred tax credit of RMB 93.7 million for the period, a shift from the prior period's income tax expense - A deferred tax credit of approximately **RMB 93.7 million** was recorded for the period, compared to an income tax expense of approximately **RMB 3.4 million** and a deferred tax credit of approximately **RMB 0.8 million** in the prior period[73](index=73&type=chunk) [(Loss) Profit for the Period](index=31&type=section&id=(Loss)%20Profit%20for%20the%20Period) The Group reported a loss attributable to owners of RMB 523.1 million, a significant deterioration from the prior period's profit - Loss attributable to owners of the Company was approximately **RMB 523.1 million**, compared to a profit of approximately **RMB 16.9 million** in the prior period[74](index=74&type=chunk) [Liquidity and Financial Resources](index=31&type=section&id=Liquidity%20and%20Financial%20Resources) The Group's liquidity deteriorated with reduced cash, increased net current liabilities, and higher debt-to-asset ratio, despite available unused bank facilities Key Liquidity and Financial Resources Metrics | Metric | June 30, 2025 (RMB thousand/%) | December 31, 2024 (RMB thousand/%) | | :--- | :--- | :--- | | Bank Balances and Cash | 5,200 | 35,300 | | Restricted Bank Deposits | 129,900 | 179,400 | | Net Current Liabilities | 1,096,100 | 754,500 | | Net Liabilities | 99,600 | (423,800) (Net Assets) | | Current Ratio | 48.4% | 66.4% | | Total Borrowings | 2,362,100 | 2,510,400 | | Total Assets | 3,302,500 | 3,716,700 | | Debt-to-Asset Ratio | 71.5% | 67.5% | - Bank balances and cash decreased by **85.3%** to **RMB 5.2 million**, and restricted bank deposits decreased by **27.6%** to **RMB 129.9 million**[75](index=75&type=chunk) - The Group has approximately **RMB 1,208.8 million** in unused bank financing facilities, and directors expect all utilized bank financing facilities to be renewed upon maturity[77](index=77&type=chunk) - Certain borrowings are personally guaranteed by directors, and Mr. Xu agreed to provide necessary financial support to meet financial obligations for the next fifteen months[78](index=78&type=chunk) [Foreign Exchange Risk](index=32&type=section&id=Foreign%20Exchange%20Risk) The Group faces foreign exchange risk from USD to RMB fluctuations, with some revenue and bank balances denominated in foreign currencies - The Group faces foreign exchange risk from USD to RMB fluctuations, with some revenue from overseas sales settled in USD[79](index=79&type=chunk) - Bank balances denominated in USD, HKD, and SGD also pose foreign exchange risk[79](index=79&type=chunk) - The Group currently has no foreign exchange hedging policy, but management closely monitors and considers hedging significant foreign exchange risks[79](index=79&type=chunk) [Financial Instruments](index=32&type=section&id=Financial%20Instruments) The Group did not enter into any financial instruments for hedging purposes during the period, except for commodity futures contracts - The Group did not enter into any financial instruments for hedging purposes during the reporting period, except for commodity futures contracts[80](index=80&type=chunk) [Significant Acquisitions and Disposals](index=33&type=section&id=Significant%20Acquisitions%20and%20Disposals) The Group had no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period - The Group had no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period[81](index=81&type=chunk) [Borrowings (MDA)](index=33&type=section&id=Borrowings_MDA) Details of the Group's borrowings as of June 30, 2025, are provided in Note 13 to the condensed consolidated financial statements - Details of the Group's borrowings as of June 30, 2025, are provided in Note 13 to the condensed consolidated financial statements[82](index=82&type=chunk) [Capital Structure](index=33&type=section&id=Capital%20Structure_MDA) Details of the Group's share capital are provided in Note 14 to the condensed consolidated financial statements - Details of the share capital are provided in Note 14 to the condensed consolidated financial statements[83](index=83&type=chunk) [Capital Commitments (MDA)](index=33&type=section&id=Capital%20Commitments_MDA) Details of the Group's capital commitments are provided in Note 16 to the condensed consolidated financial statements - Details of capital commitments are provided in Note 16 to the condensed consolidated financial statements[84](index=84&type=chunk) [Pledge of Assets (MDA)](index=33&type=section&id=Pledge%20of%20Assets_MDA) Details of the Group's pledge of assets are provided in Note 17 to the condensed consolidated financial statements - Details of pledged assets are provided in Note 17 to the condensed consolidated financial statements[85](index=85&type=chunk) [Contingent Liabilities](index=33&type=section&id=Contingent%20Liabilities) As of June 30, 2025, the Group had no contingent liabilities other than guarantees provided to banks - The Company provided guarantees to banks as collateral for financing facilities granted to certain subsidiaries in China[86](index=86&type=chunk) - As of June 30, 2025, the Group had not provided any guarantees to third parties and had no contingent liabilities[86](index=86&type=chunk) [Employees](index=34&type=section&id=Employees) The Group's total number of full-time employees and staff costs decreased, with no share-based payment expenses recognized for the period - The Group's total number of full-time employees decreased from **1,492** as of December 31, 2024, to **1,165** as of June 30, 2025[87](index=87&type=chunk) - For the six months ended June 30, 2025, total staff costs (including directors' emoluments) were approximately **RMB 56.6 million**, a decrease from **RMB 70.3 million** in the prior period[87](index=87&type=chunk) - No share-based payment expenses were recognized for the period, compared to approximately **RMB 0.2 million** recognized in the prior period[87](index=87&type=chunk) [Future Outlook](index=34&type=section&id=Future%20Outlook) The Group is strategically transforming its business model to a diversified, integrated industrial ecosystem, leveraging its port and industrial park assets - The Group plans to build a full industry chain ecosystem, transitioning its profit model from single cold-rolled coil production and sales to a diversified and integrated approach[88](index=88&type=chunk) [1. Leveraging Port Advantages to Expand Steel Handling and Integrated Services](index=34&type=section&id=Expand%20Port%20Steel%20Handling%20and%20Integrated%20Services) Huajin Port aims to become a major Greater Bay Area hub by expanding its steel handling capacity and introducing diversified services - Huajin Port has built three **30,000-ton** berths, with an annual throughput capacity of **20 million tons**, capable of handling all types of cargo including containers, steel coils, sections, and bulk goods[89](index=89&type=chunk) - Upon reaching full capacity, an annual handling volume of **18 to 20 million tons** is expected, significantly reducing the comprehensive cost of southbound steel through one-stop services[90](index=90&type=chunk) [2. Building a Full Metal Industry Chain Processing and Warehousing Platform](index=35&type=section&id=Build%20a%20Full%20Metal%20Industry%20Chain%20Processing%20and%20Warehousing%20Platform) Huajin Industrial Park will develop a digitalized processing and warehousing platform, including a modern metal futures and spot delivery warehouse - Huajin Industrial Park has an annual processing capacity of **3 million tons**, offering integrated processing and warehousing services[91](index=91&type=chunk) - In the future, an IoT platform integrating IoT, edge computing, and AI analysis will be built to achieve full-process digital management of goods and establish a modern public warehouse for metal futures and spot regulated trade delivery in the Greater Bay Area[91](index=91&type=chunk) [3. Developing Bulk Raw Material Trade for High-Calcium Stone and Construction Aggregates](index=35&type=section&id=Develop%20Bulk%20Raw%20Material%20Trade) The Group plans to expand bulk raw material trade, leveraging port advantages for direct sourcing and long-term partnerships with steel mills - Leveraging the port's navigation capacity and **600 mu** of rear yard resources, high-calcium stone and construction aggregates will be directly sourced from quality mining areas in Guangxi[92](index=92&type=chunk) - Through a 'two-way cargo flow' model, high-calcium stone and construction aggregates will be returned to steel mills, forming long-term partnerships and expanding market coverage in key national regions[93](index=93&type=chunk) [4. Expanding Logistics and Ferrous Metal Trading Market Services](index=36&type=section&id=Expand%20Logistics%20and%20Ferrous%20Metal%20Trading%20Market%20Services) The Group is expanding its logistics and developing an integrated online and offline metal trading market, including supply chain finance - The road transportation segment has been launched, with an estimated annual demand of **6 to 10 million tons** for road transportation within the park, expected to increase business revenue and profit[94](index=94&type=chunk) - The Group will promote supply chain finance businesses such as centralized steel procurement, financing trade, and consignment sales, and build an integrated online and offline metal trading market covering all types of steel products[94](index=94&type=chunk) [5. Diversifying Trade and Import and Export Businesses](index=36&type=section&id=Layout%20Diversified%20Trade%20and%20Import%20and%20Export%20Business) The Group plans to expand import and export trade across various bulk commodities to diversify revenue streams and mitigate operational risks - Plans to expand import and export businesses, open cross-border trade channels, leveraging the **30,000-ton** berth advantage[95](index=95&type=chunk) - Gradually expanding into bulk commodity trade areas such as various steel products, stainless steel, timber, grain, white sugar, and high-calcium stone, to diversify operational risks[95](index=95&type=chunk) [6. Strategic Vision](index=37&type=section&id=Strategic%20Vision) The Group aims to become a diversified industrial group, integrating port operations, metal processing, logistics, and trade for sustainable growth - Leveraging the river-sea intermodal transport advantages of the Xijiang Golden Waterway and Yamen Estuary, to build a diversified industrial group[96](index=96&type=chunk) - Future profitability will be achieved through diversified business synergy, realizing stable and sustainable growth[96](index=96&type=chunk) [Corporate Governance and Other Information](index=37&type=section&id=Corporate%20Governance%20and%20Other%20Information) [Directors' Rights to Acquire Shares or Debentures](index=37&type=section&id=Directors'%20Rights%20to%20Acquire%20Shares%20or%20Debentures) No arrangements existed for directors to acquire shares or debentures, other than disclosed share option interests, during the period - Other than the disclosed share option interests, no other arrangements existed during the reporting period for directors and chief executives to benefit from acquiring shares or debentures[97](index=97&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=37&type=section&id=Purchase,%20Sale%20or%20Redemption%20of%20the%20Company's%20Listed%20Securities) Neither the Company nor its subsidiaries purchased, sold, or redeemed any listed securities during the six months ended June 30, 2025 - Neither the Company nor its subsidiaries purchased, sold, or redeemed any of the Company's listed securities during the reporting period[98](index=98&type=chunk) [Interim Dividend (CGA)](index=37&type=section&id=Interim%20Dividend_CGA) The Board did not recommend an interim dividend for the six months ended June 30, 2025, consistent with the prior period - The Board did not recommend an interim dividend for the six months ended June 30, 2025 (six months ended June 30, 2024: nil)[99](index=99&type=chunk) [Corporate Governance Practices](index=38&type=section&id=Corporate%20Governance%20Practices) The Company adhered to all applicable code provisions of the Corporate Governance Code during the reporting period - The Company adopted the Corporate Governance Code set out in Appendix 14 of the Listing Rules and complied with all applicable code provisions for the six months ended June 30, 2025[101](index=101&type=chunk) [Compliance with the Model Code for Securities Transactions by Directors](index=38&type=section&id=Compliance%20with%20the%20Model%20Code) All directors confirmed compliance with the Model Code for Securities Transactions by Directors of Listed Issuers during the reporting period - All directors confirmed compliance with the Model Code for Securities Transactions by Directors of Listed Issuers during the reporting period[102](index=102&type=chunk) [Sufficiency of Public Float](index=38&type=section&id=Sufficiency%20of%20Public%20Float) The Company maintained the prescribed public float as required by the Listing Rules throughout the reporting period and up to the announcement date - The Company maintained the prescribed public float as required by the Listing Rules throughout the reporting period and up to the announcement date[103](index=103&type=chunk) [Audit Committee](index=39&type=section&id=Audit%20Committee) The Audit Committee, comprising three independent non-executive directors, reviewed and oversaw the Group's financial reporting process - The Audit Committee comprises three independent non-executive directors, with Mr. Chan Oi Fat as chairman[104](index=104&type=chunk) - The Audit Committee is responsible for reviewing and overseeing the Group's financial reporting process[104](index=104&type=chunk) [Review of Financial Statements](index=39&type=section&id=Review%20of%20Financial%20Statements) The Audit Committee reviewed the unaudited condensed consolidated financial statements and confirmed their fair presentation in accordance with applicable accounting standards - The Audit Committee reviewed the Group's unaudited condensed consolidated financial statements for the six months ended June 30, 2025[105](index=105&type=chunk) - The Audit Committee is confident that the financial statements are prepared in accordance with applicable accounting standards and fairly present the financial position and results[105](index=105&type=chunk) [Publication of Interim Results Announcement and Interim Report](index=39&type=section&id=Publication%20of%20Interim%20Results%20Announcement%20and%20Interim%20Report) The interim results announcement is published on the HKEX and company websites, with the interim report to follow for shareholders - This interim results announcement has been published on the HKEX website (www.hkexnews.hk) and the Company's website (www.huajin-hk.com)[106](index=106&type=chunk) - The interim report, containing all information required by the Listing Rules, will be dispatched to shareholders and published on the aforementioned websites in due course[106](index=106&type=chunk) [Events After Reporting Period](index=39&type=section&id=Events%20After%20Reporting%20Period) Changes in company secretary appointments occurred after the reporting period, ensuring compliance with Listing Rules - Mr. Wong Chak Keung resigned as company secretary and financial controller on July 3, 2025, causing the Company to temporarily not comply with Listing Rule 3.05[108](index=108&type=chunk) - Ms. Cheung Lai King was appointed on July 7, 2025, bringing the Company back into compliance with Listing Rule 3.05[108](index=108&type=chunk) - Ms. Lam Hoi Ki was appointed as company secretary on July 10, 2025, bringing the Company back into compliance with Listing Rule 3.28[108](index=108&type=chunk) [Acknowledgement](index=41&type=section&id=Acknowledgement) The Board expressed gratitude to shareholders, customers, suppliers, directors, and staff for their support and contributions - The Board extends its sincere gratitude to shareholders, customers, suppliers, directors, and all Group colleagues[110](index=110&type=chunk)

Core Viewpoint - Huajin International Holdings (02738.HK) anticipates a significant decline in revenue and a shift from profit to loss for the six months ending June 30, 2025, primarily due to weak market demand and increased competition [1][3]. Revenue and Profit Summary - The company expects revenue to be between approximately RMB 720 million and RMB 780 million, representing a decrease of about RMB 24.265 billion to RMB 24.865 billion compared to the previous period, a decline of approximately 75.7% to 77.5% [1]. - The expected loss attributable to shareholders is between RMB 490 million and RMB 530 million, contrasting with a profit of approximately RMB 16.9 million in the previous period [1]. Reasons for Revenue Decline - Weak market demand and intensified competition have led to a dual pressure on both domestic and international demand, resulting in insufficient order growth and price competition among industry players [3]. - The impact of trade environment and tariff policies has caused a significant drop in sales volume and average selling prices for downstream customers, further exacerbated by order cancellations from long-term clients [3]. - Rising raw material costs, particularly for hot-rolled steel coils, have not been matched by timely price adjustments for the company's products, leading to increased production costs [3]. - Low capacity utilization has resulted in higher unit processing costs due to fixed manufacturing expenses being spread over a significantly reduced production volume [3]. Company Overview - Huajin International Holdings is a cold-rolled carbon steel processing company located in Jiangmen City, Guangdong Province, China, primarily engaged in processing hot-rolled steel coils into customized cold-rolled steel strips, plates, welded steel pipes, and galvanized steel products [4][5]. - The company serves a wide range of industries, including light industry hardware, home appliances, furniture, motorcycle/bicycle parts, and LED lighting, providing customized processing, cutting, storage, and distribution services for cold-rolled and galvanized steel products [5].

Group 1 - The company expects to record revenue between approximately RMB 720 million and RMB 780 million for the six months ending June 30, 2025, representing a decrease of approximately RMB 2,426.5 million to RMB 2,486.5 million compared to approximately RMB 3,206.5 million for the six months ending June 30, 2024, indicating a decline of about 75.7% to 77.5% [1] - The company anticipates a loss attributable to shareholders ranging from RMB 490 million to RMB 530 million, in contrast to a profit of approximately RMB 16.9 million in the comparative period [1] - The board attributes the decline in revenue and resulting losses to several factors, including weak market demand and intensified competition, dual pressure from domestic and external demand, impacts from trade environment and tariff policies, rising raw material costs, and low capacity utilization leading to increased unit processing costs [1]

Core Viewpoint - Huajin International Holdings (02738) anticipates a significant decline in revenue and an increase in losses for the first half of 2025 compared to the previous year [1] Revenue Forecast - The company expects revenue to be approximately 720 million to 780 million yuan, representing a year-on-year decrease of about 75.7% to 77.5% [1] Loss Projection - The anticipated loss attributable to shareholders is expected to be around 490 million to 530 million yuan, compared to a profit of approximately 16.9 million yuan in the same period of 2024 [1] Reasons for Decline - The board attributes the revenue decline and resulting losses to several factors: - Weak market demand and intensified competition, with both domestic and external pressures [1] - Impact of trade environment and tariff policies [1] - Rising pressure from raw material costs [1] - Low capacity utilization leading to increased unit processing costs [1]

Core Viewpoint - Huajin International Holdings (02738) expects a significant decline in revenue and a substantial loss for the first half of 2025 compared to the previous year [1] Revenue Forecast - The company anticipates revenue of approximately 720 million to 780 million yuan for the first half of 2025, representing a year-on-year decrease of about 75.7% to 77.5% [1] Profit and Loss Expectations - The expected loss attributable to shareholders is projected to be around 490 million to 530 million yuan, contrasting with a profit of approximately 16.9 million yuan in the same period of 2024 [1] Reasons for Decline - The board attributes the revenue decline and resultant losses to several factors: - Weak market demand and intensified competition, with both domestic and external pressures [1] - Impact of trade environment and tariff policies [1] - Rising pressure from raw material costs [1] - Low capacity utilization leading to increased unit processing costs [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 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。 HUAJIN INTERNATIONAL HOLDINGS LIMITED 華 津 國 際 控 股 有 限 公 司 （ 於開曼群島註冊成立的有限公司 ） （股份代號：2738） 盈利警告 本 公 告 由 華 津 國 際 控 股 有 限 公 司（「 本 公 司 」， 連 同 其 附 屬 公 司 統 稱「 本 集 團」）根據證券及期貨條例（ 香港法例第571章 ）第XIVA部的內幕消息條文及 香港聯合交易所有限公司證券上市規則第13.09 (2) (a)條作出。 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」）及有意投 資者，經對本集團截至2025年6月30日止六個月（「本期」）最新未經審核的綜 合管理賬目（ 尚未經本公司獨立核數師及╱或 ...