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份內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 （ 於開曼群島註冊成立之有限公司） （股份代號︰3393） 董事會會議通告 威勝控股有限公司（「本公司」）之董事會（「董事會」）謹此宣佈，本公司將於二零二五年八月 二十六日（ 星期二 ）舉行董事會會議，藉以（ 其中包括 ）考慮及批准本公司及其附屬公司截至 二零二五年六月三十日止六個月之未經審核中期業績及其發佈。 承董事會命 威勝控股有限公司 吉為 主席 香港，二零二五年八月十一日 於 本 公 告 刊 發 日 期 ， 董 事 會 由 執 行 董 事 吉 為 先 生 、 吉 喆 先 生 、 李 鴻 女 士 、 鄭 小 平 女 士 及 田 仲 平 先 生 ； 非執行董事曹朝輝女士以及獨立非執行董事陳昌達先生、姜新建先生及王耀南先生組成。 ...

Group 1 - The core viewpoint of the article is that 威胜控股 (03393) has reported a positive financial performance for 威胜信息 (688100.SH) in the first half of 2025, with significant increases in both revenue and net profit [1] - The company's operating revenue reached 1.368 billion yuan, representing an increase of 11.88% year-on-year [1] - The net profit attributable to shareholders of the listed company was 305 million yuan, reflecting a year-on-year increase of 12.24% [1] - The basic earnings per share stood at 0.62 yuan [1] - The increase in operating revenue is primarily attributed to the company's sustained efforts in both domestic and international markets, which contributed to the growth in performance [1]

於開曼群島註冊成立之有限公司） （股份代號︰3393） 威勝信息技術股份有限公司 截至二零二五年六月三十日止六個月 的未經審核財務資料 以下載列威勝信息技術股份有限公司（「威勝信息技術」）截至二零二五年六月三十日止六個 月的主要未經審核財務資料。威勝信息技術於二零二五年六月三十日乃由威勝控股有限公 司（「本公司」）擁有約59.55%權益，其業績納入本公司財務報表。威勝信息技術股份於上海 證券交易所科創板上市。 | | 截至 | 截至 | | | --- | --- | --- | --- | | | 二零二五年 | 二零二四年 | | | | 六月三十日 | 六月三十日 | | | | 止六個月 | 止六個月 | 變動 | | | 人民幣千元 | 人民幣千元 | % | | 收入 | 1,367,947.69 | 1,222,660.08 | 11.88 | | 溢利 | 305,100.74 | 272,099.32 | 12.13 | | 威勝信息技術權益擁有人應佔純利 | 305,100.74 | 271,823.69 | 12.24 | – 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 ...

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份內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 （ 於開曼群島註冊成立之有限公司） （股份代號︰3393） 海外監管公告 本海外監管公告乃根據香港聯合交易所有限公司（「聯交所」）證券上市規則（「上市規則」）第 13.10B條刊發。 請參閱隨附威勝信息技術股份有限公司（「威勝信息」）於上海證券交易所科創板（「科創板」） 刊 發 之 公 告（「 該 公 告 」）， 內 容 有 關 其 截 至 二 零 二 五 年 六 月 三 十 日 止 六 個 月 之 未 經 審 核 業 績。 威勝信息為一家於科創板上市之公司。於本公告日期，本公司持有威勝信息已發行股本約 59.55%及其業績與本公司財務業績綜合入賬。 於 聯 交 所 網 站 登 載 該 公 告 ， 僅 為 向 香 港 投 資 者 進 行 同 等 的 資 訊 傳 達 及 遵 守 上 市 規 則 第 13.10B條，別無其他目的。 承董事會命 威勝控股有限公司 主席 吉為 威胜信息技术股份有限公司2025 ...

Core Viewpoint - The article highlights the development of a new industrial ecosystem in Hunan Xiangjiang New Area, focusing on intelligent manufacturing and the transformation of traditional manufacturing into smart, efficient production processes [1][4]. Group 1: Intelligent Manufacturing Development - Hunan Xiangjiang New Area has gathered nearly 300 intelligent manufacturing and engineering machinery companies, forming an industrial cluster worth over 100 billion [1]. - Companies like Zoomlion and Star Power are leading the charge in smart factory upgrades, with Zoomlion's smart industrial city featuring eight global "lighthouse factories" and 300 intelligent production lines [2][4]. - Star Power is constructing an international smart manufacturing city with a total area of 71,000 square meters, aiming to create an intelligent and ecological industrial hub [2]. Group 2: Government Support and Policy - The local government has implemented a "chain leader system" to promote industrial development, with a focus on aligning policy resources with industry needs [3][4]. - This approach has fostered collaboration between leading enterprises and smaller companies, creating a comprehensive industrial chain from core components to complete machines [4]. Group 3: Technological Advancements - Companies are rapidly transitioning towards high-end, intelligent, green, and integrated manufacturing, utilizing an "industrial brain + smart factory" model [4]. - SuKe Intelligent has developed advanced security inspection technologies that can identify prohibited items with a detection rate of over 99% [5]. - Zoomlion's smart production lines can produce various machinery at impressive rates, such as one excavator every six minutes [6]. Group 4: Industry Leaders and Innovations - Leading companies in the region include Zoomlion, Star Power, and Huazhu High-Tech, with a strong focus on innovation and technology [4][9]. - VisionBit Robotics is enhancing industrial AI applications and has developed a deep learning platform to support smart factories [9]. - Huazhu High-Tech is expanding its production capacity and investing in other companies to maintain its leading position in the 3D printing sector [9]. Group 5: Overall Impact - The development of the "Xiangjiang Intelligent Manufacturing" ecosystem is reshaping the manufacturing landscape in the region and providing strong momentum for the high-end, intelligent, and green transformation of manufacturing across China [9].

Core Viewpoint - Wasion Holdings has secured three overseas contracts in 2023, enhancing its international presence and brand recognition in the smart meter market [2][3] Group 1: Contract Details - Wasion Mexico signed a smart meter supply agreement with the Mexican Federal Electricity Commission (CFE) valued at over 238 million RMB, contributing to a total of approximately 791 million RMB in contracts won in Mexico for 2025 [2] - Wasion Tanzania won a smart meter contract worth about 61 million RMB from Tanzania Electric Supply Company (Tanesco), marking Tanzania as a key business hub in East Africa [2][3] - The total value of the three contracts amounts to over 852 million RMB, indicating significant growth in overseas markets [3] Group 2: Company Background and Market Position - Wasion Holdings is a leading domestic energy measurement and efficiency management company, offering three core business areas: electric smart metering solutions (AMI), communication and fluid metering solutions, and smart power distribution systems [2] - The company serves a diverse client base, including utility companies and large industrial clients, with a strong market share in China and exports to various regions including Asia, Africa, and Europe [2] Group 3: Future Outlook - The company aims to continue securing stable smart meter procurement orders in Africa while actively exploring new projects such as energy storage [3] - Wasion Holdings has established R&D centers and production facilities in both Mexico and Tanzania, with plans to expand into surrounding markets to enhance local competitiveness [3]

Group 1 - The 12th Overseas Returnees Forum held a talent recruitment event in Changsha, featuring over 50 leading companies offering more than 500 positions, with some roles offering annual salaries up to 800,000 yuan [1][3] - SANY Group reported an overseas revenue of 58.3 billion yuan in 2024 and emphasized the strong demand for international talent in key areas such as smart manufacturing and global supply chain management [3] - Anker Innovations, a major global smart hardware brand, continues to expand its business and has a growing need for overseas talent, with 90% of its business being international [3] Group 2 - The recruitment event attracted over 160 job seekers, and the organizing committee plans to hold a series of specialized recruitment activities to connect overseas returnees with companies [4] - Companies are customizing job positions based on the expertise of job seekers, which is seen as beneficial for the growth of young professionals [4] - The event serves as a platform to encourage more overseas returnees to participate in initiatives aimed at boosting local talent and innovation [4]

Investment Rating - The investment rating for the AIDC power equipment and grid industry is "Outperform the Market" (maintained rating) [1] Core Viewpoints - Domestic and international cloud service providers have significantly increased capital expenditures in Q1, indicating a rising investment sentiment in the domestic power grid [4] - The power equipment capacity can reach 3-5 times that of computing chips, with the supply and distribution market expected to reach 73 billion yuan by 2026 [4] - The AIDC power equipment sector has seen a general increase in stock prices, with lead-acid batteries, HVDC, and UPS showing the highest gains [4] - The industry is characterized by a long power transmission chain, with global giants like Eaton and Schneider having established strong product lines and solution capabilities, while domestic companies are gaining competitive advantages [4] - The year 2025 is anticipated to be a pivotal year for AIDC construction, with significant capital expenditures expected from major cloud providers [4] Summary by Sections AIDC Power Equipment - Major cloud companies like Tencent and Alibaba have ramped up their AI computing infrastructure investments, with Tencent's capital expenditure reaching 27.48 billion yuan, up 91% year-on-year, and Alibaba's at 24.612 billion yuan, up 121% [4][16] - The global data center's IT load is projected to grow significantly, with a compound annual growth rate (CAGR) of 48% from 2024 to 2026 [4] - The AIDC power equipment sector is expected to benefit from the increasing demand for power supply equipment, including transformers and UPS systems [4] Grid Industry - In March 2025, the national power engineering investment reached 56.9 billion yuan, a decrease of 5.7% year-on-year, while the grid engineering investment was 52 billion yuan, an increase of 18.4% year-on-year [30] - The National Grid's investment in ultra-high voltage equipment is expected to see significant growth in 2025, with a projected annual investment exceeding 650 billion yuan [4] - The bidding results for the National Grid's transmission and transformation equipment show a total bid amount of 17.636 billion yuan, an increase of 12.7% year-on-year [60]

Market Position and Expansion - The group achieved a domestic market share of over 20% in high-end metering products, establishing itself as a leader in the industry[8]. - The overseas business has expanded significantly, with production lines established in Tanzania, Brazil, Mexico, and Hungary, and new bases planned in Australia, Indonesia, and Malaysia[10]. - The group aims to become a leading supplier in the international smart grid and metering sectors, promoting its brand as a globally recognized name[10]. - The group has established over ten overseas subsidiaries and sales offices, with factories in Saudi Arabia and Indonesia under construction, advancing its international strategy[82]. - The group plans to complete its overseas network deployment by 2025, optimizing its global organizational structure[91]. Financial Performance - The company reported a revenue of approximately RMB 8.72 billion for the fiscal year ending December 31, 2024, representing a year-on-year growth of 20%[23]. - The net profit attributable to the company's shareholders increased by 35% to approximately RMB 706 million, with basic earnings per share rising to RMB 0.714[23]. - The international business revenue grew significantly by 50% to approximately RMB 2.40 billion, highlighting the company's expansion in global markets[23]. - Revenue increased by 20% to RMB 8,716.54 million in 2024, compared to RMB 7,252.27 million in 2023[38]. - The gross profit was RMB 3,035.14 million, up 18% from RMB 2,580.75 million, with a gross margin of 34.8%[70]. Innovation and Technology Development - The company has developed a new technology for large-capacity, long-life liquid metal energy storage batteries, which received a first-class award from the China Electrical Engineering Society[20]. - The company is advancing the application of the Hongmeng operating system in smart energy meters, aiming to maintain its industry-leading position[24]. - The group has received 180 authorized patents during the year, including 84 invention patents, and now holds a total of 2,000 effective patents and intellectual property rights[104]. - The group launched a new generation of voltage and current transformer error characteristic online monitoring equipment, significantly improving algorithm computing power and data interaction, with applications delivered in multiple provinces[105]. - The chip module has become the largest contributor to the group's performance, opening new growth sources in the integrated source-grid-load-storage of new power systems and smart city infrastructure[106]. Commitment to Sustainability - The group is committed to innovation and sustainable development, aligning with global trends towards green and low-carbon energy[10]. - The company emphasizes the importance of ESG principles in its development strategy, aiming for sustainable growth and contributing to the green transformation of the energy sector[125]. - The company achieved a green electricity usage of 13,810 MWh in 2024, with a usage ratio of nearly 50%[136]. - The company is committed to sustainable development goals, integrating them into long-term strategies, focusing on green products, design, production, and supply chains[133]. - The company has established comprehensive emission control measures, monitoring greenhouse gases, wastewater, and solid waste to minimize environmental impact[155]. Market Trends and Opportunities - The company aims to leverage opportunities in emerging markets such as Latin America, the Middle East, and Africa for energy infrastructure development[24]. - The global energy storage market is expected to see over 250 GWh of new installations by 2025, with significant growth anticipated in Europe and emerging markets[91]. - The State Grid is expected to invest over RMB 650 billion by 2025, focusing on smart grid construction and large-scale equipment replacement, which will drive demand for metering products[76]. - The Southern Power Grid plans to invest RMB 175 billion in fixed assets by 2025, which is anticipated to stimulate growth in primary and secondary equipment, distribution network equipment, and metering products[76]. - The company is focusing on diversifying its product and business lines to adapt to market changes and consumer preferences[177]. Operational Efficiency and Cost Management - Operating expenses accounted for 21% of revenue in 2024, a decrease from 23% in 2023[42]. - The company has implemented an intelligent energy management system to monitor energy usage and reduce waste[158]. - The company is focusing on the development of clean energy and low-carbon operations to enhance sustainable development[167]. - The company has established a risk warning mechanism to monitor extreme weather dynamics and trends, preparing for potential impacts[180]. - The company is enhancing its energy efficiency collaboration with strategic partners to create energy efficiency improvement projects[179]. Corporate Governance and Stakeholder Engagement - The company is committed to enhancing shareholder value through share buybacks and transparent investor relations management[142]. - The company integrates ESG principles into its corporate strategy and operations, focusing on economic, social, and environmental win-win outcomes with stakeholders[147]. - The company prioritizes stakeholder communication and has established a stakeholder information database to enhance engagement[148]. - Regular disclosure of financial data and optimization of investment returns are part of the governance strategy[154]. - The company aims to improve its ESG information disclosure quality to enhance stakeholder communication and transparency[179].

Core Viewpoint - CICC maintains a "outperform industry" rating for Weisheng Holdings (03393), with a 2025 net profit forecast of 916 million yuan unchanged and a new 2026 net profit forecast of 1.136 billion yuan. The target price is raised by 23% to HKD 9.8, corresponding to 10.0/8.1 times the price-to-earnings ratio for 2025/2026 [1] Group 1: Financial Performance - In 2024, the company's revenue is expected to grow by 20.2% year-on-year, with net profit increasing by 35.4%, aligning with CICC's expectations [1] - The company reported total revenue of 8.72 billion yuan in 2024, a year-on-year increase of 20.2%. Revenue from electric AMI grew by 20.7% to 3.20 billion yuan, while communication AMI revenue rose by 23.5% to 2.61 billion yuan, and distribution ADO revenue increased by 16.8% to 2.90 billion yuan. The net profit attributable to shareholders was 710 million yuan, up 35.4%, with a maintained dividend payout ratio of 50% [1] - The company's gross margin for 2024 was 34.8%, a decrease of 0.8 percentage points year-on-year. The net profit margin increased by 0.9 percentage points to 8.1% due to cost control measures [2] Group 2: International Expansion - The company experienced a significant increase in overseas revenue, which grew by 49.9% year-on-year to 2.40 billion yuan, accounting for 27.5% of total revenue. Notably, revenue from Africa surged by 140% to 680 million yuan, and from Asia by 139% to 570 million yuan [1] - The company signed new overseas orders worth 3.47 billion yuan in 2024, a year-on-year increase of 25.9% [1] - The company is optimistic about maintaining stable domestic demand for electric meters, with expectations for the State Grid's bidding volume to remain high at around 90 million units in 2025 [3] Group 3: Product Development and Innovation - The overseas revenue from distribution ADO products increased by 811% year-on-year to 340 million yuan, with orders rising by 254% to 470 million yuan [4] - The company is focusing on developing efficient direct current power supply solutions and liquid cooling modules for data centers, collaborating with major clients like GDS in Malaysia and Siemens for modular data center solutions [4] - The company has made breakthroughs in standard energy storage cabinets and storage containers in Australia and Europe [4]