FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8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: 金力集團控股有限公司（於開曼群島註冊成立的有限公司） 呈交日期: 2025年9月2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) | 03919 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 100,000,000 | HKD | | 0.2 HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 100,000,000 | HKD | | 0.2 HKD | | 20,000,000 | 本月底法定/註冊股本總額 ...

Report Overview [Financial Highlights](index=2&type=section&id=%E8%B2%A1%E5%8B%99%E6%91%98%E8%A6%81) For the six months ended June 30, 2025, Jinli Group's revenue slightly increased by 1.05% to HKD 159.2 million, but loss attributable to equity holders expanded to HKD 3.16 million, primarily due to a 5.07 percentage point decrease in gross profit margin to 19.60% | Metric | H1 2025 (HKD thousands) | H1 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 159,200 | 157,550 | +1.05% | | Loss attributable to equity holders | (3,160) | (2,870) | +10.10% (Loss widened) | | Gross profit margin | 19.60% | 24.67% | -5.07 percentage points | | Basic loss per share (HK cents) | (11.37) | (10.61) | -7.16% (Loss widened) | - The decrease in gross profit margin was primarily due to increased raw material costs from global commodity price fluctuations and higher production costs from the appreciation of RMB against HKD [2](index=2&type=chunk) - The Board resolved not to declare an interim dividend for the six months ended June 30, 2025 [2](index=2&type=chunk) Condensed Consolidated Financial Statements [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=3&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) For the six months ended June 30, 2025, Group revenue slightly increased to HKD 159.2 million, but cost of sales significantly rose, leading to a 19.69% year-on-year decrease in gross profit, with loss for the period expanding to HKD 3.255 million. | Metric | H1 2025 (HKD thousands) | H1 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 159,200 | 157,548 | +1.05% | | Cost of sales | (127,992) | (118,687) | +7.84% | | Gross profit | 31,208 | 38,861 | -19.69% | | Other income | 3,352 | 2,066 | +62.25% | | Other gains (losses) — net | 3,724 | (3,035) | N/A (Turned from loss to gain) | | Selling expenses | (9,607) | (9,564) | +0.45% | | General and administrative expenses | (26,958) | (25,161) | +7.14% | | Finance costs | (5,365) | (6,298) | -14.81% | | Loss before income tax | (3,646) | (3,131) | +16.45% (Loss widened) | | Income tax credit | 391 | 266 | +46.99% | | Loss for the period | (3,255) | (2,865) | +13.61% (Loss widened) | | Loss for the period attributable to equity holders of the Company | (3,155) | (2,865) | +10.12% (Loss widened) | - Total comprehensive loss for the period narrowed from HKD 4.097 million in H1 2024 to HKD 1.369 million in H1 2025, primarily due to exchange differences [6](index=6&type=chunk) [Condensed Consolidated Statement of Financial Position](index=5&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) As of June 30, 2025, the Group's total assets slightly increased, non-current assets rose, and net current liabilities narrowed, with total equity increasing by 1.16% to HKD 290.2 million. | Metric | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Non-current assets | 498,853 | 490,802 | +1.64% | | Current assets | 176,249 | 165,263 | +6.65% | | Current liabilities | 319,449 | 346,930 | -7.89% | | Net current liabilities | (143,200) | (181,667) | -21.28% (Narrowed) | | Net assets | 290,195 | 286,849 | +1.16% | | Total equity | 290,195 | 286,849 | +1.16% | - Trade and bills receivables increased by **33.79%** from HKD 44.391 million as of December 31, 2024, to HKD 59.384 million as of June 30, 2025 [7](index=7&type=chunk) - Cash and bank balances decreased by **57.59%** from HKD 31.493 million as of December 31, 2024, to HKD 13.353 million as of June 30, 2025 [7](index=7&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=7&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E7%8F%BE%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) For the six months ended June 30, 2025, the Group's operating activities shifted from net cash inflow to a net cash outflow of HKD 6.021 million, with cash and cash equivalents significantly decreasing by 42.87% to HKD 13.353 million. | Metric | H1 2025 (HKD thousands) | H1 2024 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Net cash (used in) / generated from operating activities | (6,021) | 21,761 | Shifted from inflow to outflow | | Net cash used in investing activities | (7,741) | (5,898) | Outflow increased | | Net cash used in financing activities | (2,115) | (15,326) | Outflow decreased | | Net (decrease) increase in cash and cash equivalents | (15,877) | 537 | Shifted from increase to decrease | | Cash and cash equivalents at end of period | 13,353 | 23,374 | -42.87% | [Condensed Consolidated Statement of Changes in Equity](index=8&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%AC%8A%E7%9B%8A%E8%AE%8A%E5%8B%95%E8%A1%A8) For the six months ended June 30, 2025, the Company's share capital increased by HKD 1.08 million due to new share issuance, and share premium rose by HKD 3.655 million, leading to a slight increase in total equity attributable to equity holders. | Metric | June 30, 2025 (HKD thousands) | January 1, 2024 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Share capital | 6,480 | 5,400 | +1,080 | | Share premium | 144,908 | 141,253 | +3,655 | | Exchange fluctuation reserve | (4,192) | (4,140) | Slightly improved | | Retained profits | 55,369 | 64,896 | -9,527 | | Total equity attributable to equity holders of the Company | 289,995 | 294,839 | -1.64% | - Share issuance during the period resulted in an increase of **HKD 1,080 thousand** in share capital and **HKD 3,655 thousand** in share premium [11](index=11&type=chunk) Notes to the Financial Statements [General Information](index=9&type=section&id=1.%20%E4%B8%80%E8%88%AC%E8%B3%87%E6%96%99) Jinli Group Holdings Limited, incorporated in the Cayman Islands, primarily manufactures and sells various batteries (disposable, rechargeable, and related products) to China, Hong Kong, and international markets, actively developing mercury-free, cadmium-free, and lead-free batteries. - The Company was listed on GEM of the Stock Exchange of Hong Kong on June 5, 2015, and transferred to the Main Board on November 10, 2017 [12](index=12&type=chunk) - Principal activities include manufacturing and selling "Jinli" brand and OEM batteries, categorized into disposable batteries (cylindrical, miniature button cells) and rechargeable batteries and other related products (chargers, battery packs, electric fans) [12](index=12&type=chunk) - The Group actively responds to the global trend towards batteries free of harmful substances, having developed the "Origin.Nature" series of mercury-free, cadmium-free, and lead-free batteries [13](index=13&type=chunk) [Basis of Preparation of Financial Statements](index=10&type=section&id=2.%20%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8%E7%9A%84%E7%B7%A8%E8%A3%BD%E5%9F%BA%E6%BA%96) The interim financial statements are prepared in accordance with HKAS 34 and Appendix D2 of the Listing Rules on a going concern basis, which the Board deems appropriate despite a net loss and net current liabilities, citing unused bank facilities and borrowing renewal capabilities. - The financial statements are prepared on a going concern basis, despite a net loss of approximately **HKD 3.3 million** and net current liabilities of **HKD 143.20 million** for the six months ended June 30, 2025 [15](index=15&type=chunk) - The Board considers the going concern basis appropriate due to **HKD 21.77 million** in unutilized bank facilities, successful renewal of approximately **HKD 39.30 million** in bank borrowings, expected future borrowing renewals, and potential adjustments to investment strategies to enhance cash flow [15](index=15&type=chunk) [Significant Accounting Estimates and Judgements](index=12&type=section&id=3.%20%E9%87%8D%E5%A4%A7%E6%9C%83%E8%A8%88%E4%BC%B0%E8%A8%88%E5%8F%8A%E5%88%A4%E6%96%B7) The significant management judgements and sources of estimation uncertainty applied in preparing the interim financial statements are consistent with those used for the consolidated financial statements for the year ended December 31, 2024. - The significant accounting estimates and judgements used in preparing the interim financial statements are the same as those applied in the 2024 annual consolidated financial statements [17](index=17&type=chunk) [Segment Information](index=12&type=section&id=4.%20%E5%88%86%E9%83%A8%E8%B3%87%E6%96%99) The Group's reportable segments are categorized by product type: cylindrical batteries, miniature button cells, and rechargeable batteries and other related products, with cylindrical battery revenue increasing but overall gross profit decreasing by 19.69% in H1 2025. | Segment | H1 2025 Revenue (HKD thousands) | H1 2024 Revenue (HKD thousands) | Change (%) | H1 2025 Gross Profit (HKD thousands) | H1 2024 Gross Profit (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Cylindrical batteries | 111,144 | 105,891 | +4.96% | 11,273 | 15,347 | -26.54% | | Miniature button cells | 46,490 | 49,606 | -6.30% | 19,215 | 22,799 | -15.72% | | Rechargeable batteries and other related products | 1,566 | 2,051 | -23.65% | 720 | 715 | +0.70% | | **Total** | **159,200** | **157,548** | **+1.05%** | **31,208** | **38,861** | **-19.69%** | - The increase in sales revenue from cylindrical batteries was mainly due to increased sales in China and the Americas [19](index=19&type=chunk) - The decrease in sales revenue from miniature button cells and rechargeable batteries and other related products was mainly due to decreased sales in the Americas [19](index=19&type=chunk) [Revenue](index=13&type=section&id=5.%20%E6%94%B6%E7%9B%8A) For the six months ended June 30, 2025, the Group's total revenue slightly increased by 1.05%, driven by significant growth in China and North America, while South America and Eastern Europe experienced declines. | Region | H1 2025 (HKD thousands) | H1 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Hong Kong | 13,954 | 13,242 | +5.38% | | Asia (excluding China and Hong Kong) | 29,383 | 31,350 | -6.30% | | Australia | 4,464 | 4,325 | +3.21% | | China | 46,850 | 44,471 | +5.35% | | Europe (excluding Eastern Europe) | 31,305 | 30,980 | +1.05% | | Eastern Europe | 9,879 | 13,058 | -24.35% | | Middle East | 321 | 275 | +16.73% | | North America | 21,167 | 15,017 | +40.95% | | South America | 1,864 | 4,830 | -61.41% | | Africa | 13 | — | N/A | | **Total** | **159,200** | **157,548** | **+1.05%** | [Loss Before Income Tax](index=13&type=section&id=6.%20%E9%99%A4%E6%89%80%E5%BE%97%E7%A8%85%E5%89%8D%E8%99%A7%E6%90%8D) For the six months ended June 30, 2025, the Group's loss before income tax expanded to HKD 3.646 million, with total finance costs decreasing by 14.81% due to lower bank loan interest, while depreciation of property, plant and equipment and inventory costs increased. | Item | H1 2025 (HKD thousands) | H1 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Interest on bank loans | 3,772 | 5,285 | -28.62% | | Interest on import loans | 1,445 | 865 | +67.05% | | Interest on lease liabilities | 80 | 125 | -35.99% | | Interest on bank overdrafts | 68 | 23 | +195.65% | | **Total interest expenses** | **5,365** | **6,298** | **-14.81%** | | Depreciation of property, plant and equipment | 7,325 | 6,106 | +19.96% | | Depreciation of right-of-use assets | 1,650 | 1,891 | -12.74% | | Cost of inventories recognized as expense | 127,992 | 118,687 | +7.84% | [Income Tax Credit](index=14&type=section&id=7.%20%E6%89%80%E5%BE%97%E7%A8%85%E6%8A%B5%E5%85%8D) For the six months ended June 30, 2025, the Group recorded an income tax credit of HKD 391 thousand, with increased Hong Kong profits tax provision, a shift from credit to provision for PRC corporate income tax, and a significant increase in deferred tax credit. | Item | H1 2025 (HKD thousands) | H1 2024 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Provision for Hong Kong profits tax for the period | 850 | 447 | +90.16% | | Provision for PRC corporate income tax for the period | 292 | (653) | Shifted from credit to provision | | Deferred tax | (1,533) | (60) | Credit significantly increased | | **Income tax credit** | **(391)** | **(266)** | Credit increased | - Hong Kong subsidiaries are subject to a two-tiered profits tax regime, with the first **HKD 2 million** of assessable profits taxed at **8.25%** and the remainder at **16.5%** [25](index=25&type=chunk) - Jiangmen Jinli Power Products Co., Ltd. and Dongguan Shengli Battery Industrial Co., Ltd., as High and New Technology Enterprises, enjoy a preferential corporate income tax rate of **15%** [25](index=25&type=chunk) [Loss Per Share](index=15&type=section&id=8.%20%E6%AF%8F%E8%82%A1%E8%99%A7%E6%90%8D) For the six months ended June 30, 2025, basic loss per share was 11.37 HK cents, widening from 10.61 HK cents (restated) in the prior year, with diluted loss per share not applicable due to the absence of dilutive potential ordinary shares. | Metric | H1 2025 | H1 2024 (Restated) | Change | | :--- | :--- | :--- | :--- | | Loss for the period attributable to equity holders of the Company (HKD thousands) | (3,155) | (2,865) | Loss widened | | Weighted average number of ordinary shares for basic loss per share (thousands) | 27,746 | 27,000 | Increased | | Basic loss per share (HK cents) | 11.37 | 10.61 | Loss widened | - The weighted average number of ordinary shares used for calculating basic loss per share has been adjusted to reflect the effects of share consolidation and share issuance [27](index=27&type=chunk) [Dividends](index=15&type=section&id=9.%20%E8%82%A1%E6%81%AF) The Board resolved not to declare any interim dividend for the six months ended June 30, 2025, consistent with the prior year. - The Board resolved not to declare an interim dividend for the six months ended June 30, 2025 [28](index=28&type=chunk) [Property, Plant and Equipment](index=15&type=section&id=10.%20%E7%89%A9%E6%A5%AD%E3%80%81%E5%BB%A0%E6%88%BF%E5%8F%8A%E8%A8%AD%E5%82%99) For the six months ended June 30, 2025, the Group acquired approximately HKD 2.09 million in plant and machinery, a significant 68.24% decrease from the prior year, yet still aimed at expanding capacity and enhancing production efficiency. | Item | H1 2025 (HKD millions) | H1 2024 (HKD millions) | Change (%) | | :--- | :--- | :--- | :--- | | Acquisition of plant and machinery | 2.09 | 6.58 | -68.24% | - The acquisition of plant and machinery aims to expand production capacity and enhance production efficiency [29](index=29&type=chunk) [Trade and Bills Receivables](index=16&type=section&id=11.%20%E8%B2%A3%E6%98%93%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85%E5%8F%8A%E6%87%89%E6%94%B6%E7%A5%A8%E6%93%9A) As of June 30, 2025, trade and bills receivables totaled HKD 59.384 million, a 33.79% increase from year-end 2024, with receivables aged 0-30 days showing an 87.29% increase, and management assessing credit risk as low. | Ageing | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | 0 to 30 days | 37,131 | 19,825 | +87.29% | | 31 to 60 days | 12,911 | 17,394 | -25.77% | | 61 to 90 days | 5,549 | 4,098 | +35.41% | | 91 to 120 days | 2,179 | 1,246 | +74.88% | | Over 120 days | 1,614 | 1,828 | -11.71% | | **Total** | **59,384** | **44,391** | **+33.79%** | - The Group generally grants credit periods of **30 to 120 days** to customers with stable relationships and regularly reviews overdue balances [30](index=30&type=chunk) - Management believes there is no significant credit risk inherent in the outstanding balances of receivables, indicating low credit risk [31](index=31&type=chunk) [Trade Payables](index=17&type=section&id=12.%20%E8%B2%A3%E6%98%93%E6%87%89%E4%BB%98%E6%AC%BE%E9%A0%85) As of June 30, 2025, trade payables totaled HKD 148.982 million, a 14.61% increase from year-end 2024, with significant increases in payables aged 31-90 days and over 180 days. | Ageing | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | 0 to 30 days | 38,851 | 37,016 | +4.96% | | 31 to 90 days | 42,670 | 29,943 | +42.51% | | 91 to 180 days | 40,309 | 43,784 | -7.94% | | Over 180 days | 27,152 | 19,251 | +41.04% | | **Total** | **148,982** | **129,994** | **+14.61%** | [Related Party Transactions](index=17&type=section&id=13.%20%E9%97%9C%E9%80%A3%E6%96%B9%E4%BA%A4%E6%98%93) For the six months ended June 30, 2025, total key management personnel compensation was HKD 7.790 million, an increase of 13.0% from the prior year, primarily driven by growth in salaries, allowances, and discretionary bonuses. | Item | H1 2025 (HKD thousands) | H1 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Salaries, allowances and other benefits in kind | 6,737 | 5,954 | +13.15% | | Discretionary bonuses | 987 | 872 | +13.19% | | Contributions to defined contribution plans | 66 | 69 | -4.35% | | **Total** | **7,790** | **6,895** | **+13.00%** | [Share Capital](index=18&type=section&id=14.%20%E8%82%A1%E6%9C%AC) During the period, the Company's share capital changed due to a share consolidation (20 shares into 1) and the issuance of 5,400,000 subscription shares to an independent third party, increasing the total nominal value by HKD 1,080,000 and the enlarged issued share capital by approximately 16.67%. - The Company effected a share consolidation on May 9, 2025, consolidating every **20 shares** of HKD 0.01 each into **1 consolidated share** of HKD 0.2 each [35](index=35&type=chunk) - A subscription of **5,400,000 subscription shares** to an independent third party was completed on June 5, 2025, raising approximately **HKD 4.86 million** (before expenses) [35](index=35&type=chunk) - Following the issuance of subscription shares, the Company's issued share capital increased to **32,400,000 shares**, with the subscription shares representing approximately **16.67%** of the enlarged issued share capital [35](index=35&type=chunk) Management Discussion and Analysis [Business Review](index=19&type=section&id=%E6%A5%AD%E5%8B%99%E6%A6%82%E8%A7%80) Jinli Group primarily manufactures and sells batteries, with cylindrical battery sales increasing but overall gross profit margin declining due to rising raw material costs and RMB appreciation, leading to an expanded loss attributable to equity holders, while the Group actively develops new batteries for healthcare and new energy markets. - Cylindrical battery sales revenue increased by approximately **4.96%** year-on-year, mainly due to increased sales in China and the Americas [38](index=38&type=chunk) - Miniature button cell and rechargeable battery and other related product sales revenue decreased by approximately **6.97%** year-on-year, mainly due to decreased sales in the Americas [38](index=38&type=chunk) | Metric | H1 2025 (HKD millions) | H1 2024 (HKD millions) | Change (%) | | :--- | :--- | :--- | :--- | | Gross profit | 31.21 | 38.86 | -19.69% | | Gross profit margin | 19.60% | 24.67% | -5.07 percentage points | | Loss attributable to equity holders | 3.16 | 2.87 | +10.10% (Loss widened) | - The decrease in gross profit margin was primarily due to increased raw material costs from global commodity price fluctuations and higher production costs from the appreciation of RMB against HKD [39](index=39&type=chunk) - The Group is allocating resources to develop new batteries for the healthcare and medical facilities market and accelerating the launch of products for medical devices, remote medical monitoring, energy storage systems, and other new energy systems to enhance financial performance [41](index=41&type=chunk) [Financial Review](index=21&type=section&id=%E8%B2%A1%E5%8B%99%E5%9B%9E%E9%A1%A7) For the six months ended June 30, 2025, revenue slightly increased by 1.05% to HKD 159.2 million, driven by restocking demand in China and the Americas, but gross profit decreased by 19.69% due to rising costs, leading to a 10.10% expansion in loss attributable to equity holders to HKD 3.16 million. - The increase in revenue was mainly due to customers resuming more orders for restocking, leading to increased sales in China and the Americas [42](index=42&type=chunk) - The decrease in gross profit was mainly due to increased raw material costs and production costs offsetting the revenue growth [43](index=43&type=chunk) | Item | H1 2025 (HKD millions) | H1 2024 (HKD millions) | Change (%) | | :--- | :--- | :--- | :--- | | Selling expenses | 9.61 | 9.56 | +0.45% | | General and administrative expenses | 26.96 | 25.16 | +7.15% | - The increase in general and administrative expenses was primarily due to increased staff salaries and professional expenses during the period [44](index=44&type=chunk) [Liquidity and Financial Resources](index=22&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91%E5%8F%8A%E8%B2%A1%E5%8B%99%E8%B3%87%E6%BA%90) As of June 30, 2025, the Group's total borrowings were approximately HKD 202.63 million, primarily denominated in HKD and RMB at floating interest rates, with the gearing ratio slightly rising to 0.57 and cash and cash equivalents decreasing to HKD 13.35 million. | Borrowing Term | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Within 1 year | 143,521 | 186,805 | -23.17% | | Over 1 year but within 2 years | 6,202 | 9,647 | -35.71% | | Over 2 years but within 5 years | 52,539 | 5,905 | +789.74% | | Over 5 years | 369 | — | N/A | | **Total** | **202,631** | **202,357** | **+0.14%** | - As of June 30, 2025, the Group's gearing ratio (total liabilities divided by total assets) was approximately **0.57**, slightly higher than **0.56** at year-end 2024 [48](index=48&type=chunk) - Cash and cash equivalents decreased from **HKD 27.36 million** at year-end 2024 to **HKD 13.35 million** as of June 30, 2025 [48](index=48&type=chunk) [Capital Structure](index=23&type=section&id=%E8%B3%87%E6%9C%AC%E6%9E%B6%E6%A7%8B) During the period, the Company's capital structure changed due to a share consolidation and subscription, leading to an increase in issued share capital and a slight increase in total equity to approximately HKD 290.2 million as of June 30, 2025. - Capital structure changes included a share consolidation (every **20 shares** consolidated into **1 share**) and the issuance of **5,400,000 shares** to an independent investor [49](index=49&type=chunk) - As of June 30, 2025, the Company's total equity was approximately **HKD 290.20 million**, a slight increase from **HKD 286.85 million** at year-end 2024 [49](index=49&type=chunk) [Gearing Ratio](index=24&type=section&id=%E8%B3%87%E7%94%A2%E8%B2%A0%E5%82%B5%E6%AF%94%E7%8E%87) As of June 30, 2025, the Group's gearing ratio (total debt as a percentage of total equity) was approximately 0.78, a slight decrease from 0.80 at year-end 2024. | Metric | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Gearing ratio | 0.78 | 0.80 | -0.02 | [Pledge of Assets](index=24&type=section&id=%E8%B3%87%E7%94%A2%E8%B3%AA%E6%8A%BC) As of June 30, 2025, the Group's bank borrowing facilities were primarily secured by property, plant and machinery, investment properties, prepaid lease payments for land, pledged deposits, and pledged time deposits, with a carrying value of approximately HKD 116.48 million, a decrease from year-end 2024. - As of June 30, 2025, the carrying value of pledged assets was approximately **HKD 116.48 million**, a decrease from **HKD 132.39 million** at year-end 2024 [51](index=51&type=chunk) [Contingent Liabilities](index=24&type=section&id=%E6%88%96%E7%84%B6%E8%B2%A0%E5%82%B5) As of June 30, 2025, the Group had no significant contingent liabilities. - As of June 30, 2025, the Group had no significant contingent liabilities [52](index=52&type=chunk) [Material Investments Held](index=24&type=section&id=%E6%89%80%E6%8C%81%E6%9C%89%E7%9A%84%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B3%87) As of June 30, 2025, the Group held investment properties in Hong Kong with a fair value of approximately HKD 87.00 million, representing about 12.89% of total assets, generating HKD 1.05 million in rental income for the period, as part of a strategy to expand fixed assets for stable returns. - The Group holds investment properties in Hong Kong, including Units 20B and 20D, Tai Ping Industrial Centre, and a shop at Cheong Wan Centre [53](index=53&type=chunk) | Metric | June 30, 2025 | | :--- | :--- | | Fair value of investment properties | HKD 87.00 million | | Percentage of total assets | 12.89% | | Rental income for the period | HKD 1.05 million | - The investment strategy aims to expand the fixed asset base to achieve positive and stable returns, thereby diversifying income sources [54](index=54&type=chunk) [Material Acquisitions and Disposals of Subsidiaries, Associates and Joint Ventures](index=25&type=section&id=%E6%9C%89%E9%97%9C%E9%99%84%E5%B1%AC%E5%85%AC%E5%8F%B8%E3%80%81%E8%81%AF%E7%87%9F%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%90%88%E7%87%9F%E4%BC%81%E6%A5%AD%E7%9A%84%E9%87%8D%E5%A4%A7%E6%94%B6%E8%B3%BC%E5%8F%8A%E5%87%BA%E5%94%AE%E4%BA%8B%E9%A0%85) During the period, the Group did not undertake any material acquisitions or disposals of subsidiaries, associates, or joint ventures. - During the period, the Group had no material acquisitions or disposals of subsidiaries, associates, or joint ventures [55](index=55&type=chunk) [Future Plans for Material Investments and Capital Assets](index=25&type=section&id=%E6%9C%89%E9%97%9C%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B3%87%E5%8F%8A%E8%B3%87%E6%9C%AC%E8%B3%87%E7%94%A2%E7%9A%84%E6%9C%AA%E4%BE%86%E8%A8%88%E5%8A%83) Except as disclosed in this report, as of June 30, 2025, the Group had no future plans for material investments or capital assets. - Except as disclosed in this report, the Group had no plans for material investments or capital assets as of June 30, 2025 [56](index=56&type=chunk) [Employees and Remuneration Policy](index=25&type=section&id=%E5%83%B1%E5%93%A1%E5%8F%8A%E8%96%AA%E9%85%AC%E6%94%BF%E7%AD%96) As of June 30, 2025, the Group had 400 employees, with staff costs totaling approximately HKD 23.04 million, an increase of 10.39% year-on-year, and remuneration policies are based on individual performance, experience, and market levels. | Metric | June 30, 2025 | June 30, 2024 | Change (%) | | :--- | :--- | :--- | :--- | | Number of employees | 400 | 407 | -1.72% | | Staff costs (HKD millions) | 23.04 | 20.87 | +10.39% | - Remuneration packages are determined with reference to individual performance, work experience, and prevailing market salary levels, including basic salary, Mandatory Provident Fund, medical insurance schemes, and share options [57](index=57&type=chunk) [Principal Risks and Uncertainties](index=26&type=section&id=%E4%B8%BB%E8%A6%81%E9%A2%A8%E9%9A%AA%E5%8F%8A%E4%B8%8D%E7%A2%BA%E5%AE%9A%E5%9B%A0%E7%B4%A0) The Group faces several principal risks, including international trade policy changes impacting global consumption and logistics costs, reliance on major customers, shifts in consumer preferences due to technological advancements and environmental awareness, and inventory risks from inaccurate sales forecasts. - Changes in US government administration and new international trade policies may lead to fluctuations in tariffs, interest rates, and international currency exchange rates, suppressing global consumer demand and increasing logistics costs [59](index=59&type=chunk) - The Group does not have long-term sales contracts with most major customers, and a reduction in purchases or termination of business relationships by key customers would adversely affect its business [59](index=59&type=chunk) - Technological advancements and environmental awareness may shift consumer demand from disposable batteries to rechargeable batteries or battery-free electronic products [59](index=59&type=chunk) - Inaccurate sales forecasts could result in manufactured products not being accepted by other customers, impacting business, operating results, and financial position [62](index=62&type=chunk) [Foreign Currency Risk](index=27&type=section&id=%E5%A4%96%E5%B9%A3%E9%A2%A8%E9%9A%AA) The Group faces transactional currency risk as its primary functional currencies are RMB and HKD, with overseas sales mainly denominated in USD, and fluctuations in RMB against HKD and other currencies, as well as JPY against USD, pose risks, which the Group mitigates through spot foreign currency transactions or forward contracts. - The Group's primary functional currencies are RMB and HKD, with overseas sales revenue mainly denominated in USD, exposing it to exchange rate fluctuation risks [61](index=61&type=chunk) - Fluctuations in the value of RMB against HKD and other currencies are influenced by China's political and economic conditions [62](index=62&type=chunk) - The Group has entered into forward contracts valued at approximately **JPY 20 million** to hedge payments denominated in JPY and due within the year [63](index=63&type=chunk) [Subscription Shares and Use of Proceeds](index=28&type=section&id=%E8%AA%8D%E8%B3%BC%E8%82%A1%E4%BB%BD%E5%8F%8A%E6%89%80%E5%BE%97%E6%AC%BE%E9%A0%85%E7%94%A8%E9%80%94) The Company completed the issuance of 5,400,000 subscription shares to an independent third party on June 5, 2025, raising net proceeds of approximately HKD 4.74 million at a discount to market price, which were fully utilized for bank loan repayment (HKD 4.2 million) and general working capital (HKD 0.5 million). - The Company issued **5,400,000 subscription shares** at a subscription price of **HKD 0.90 per share**, raising net proceeds of approximately **HKD 4.74 million** [64](index=64&type=chunk)[65](index=65&type=chunk) | Use of Proceeds | Planned Use (HKD millions) | Actual Use (HKD millions) | | :--- | :--- | :--- | | Repayment of bank loans | 4.2 | 4.2 | | General working capital | 0.5 | 0.5 | | **Total** | **4.7** | **4.7** | - The subscription price represented a discount of approximately **11.8%** to the closing price on the date of the subscription agreement and approximately **9.3%** to the average closing price of the preceding five days [64](index=64&type=chunk) Other Information [Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares and Debentures](index=30&type=section&id=%E8%91%A3%E4%BA%8B%E5%8F%8A%E6%9C%80%E9%AB%98%E8%A1%8C%E6%94%BF%E4%BA%BA%E5%93%A1%E6%96%BC%E8%82%A1%E4%BB%BD%E3%80%81%E7%9B%B8%E9%97%9C%E8%82%A1%E4%BB%BD%E5%8F%8A%E5%82%B5%E6%AC%8A%E8%AD%89%E4%B8%AD%E7%9A%84%E6%AC%8A%E7%9B%8A%E5%8F%8A%E6%B7%A1%E5%80%89) As of June 30, 2025, Mr. Chu King Ting, Chairman and Executive Director, held 42.15% of the Company's shares through a controlled corporation, while Ms. Chu Shuk Ching, Executive Director and Chief Executive Officer, held a combined 5.64% through a controlled corporation and beneficial ownership. | Name | Nature of Interest | Total Number of Shares Held (Long Position) | Approximate Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Chu King Ting (Chairman and Executive Director) | Interest in controlled corporation | 13,657,500 shares | 42.15% | | Chu Shuk Ching (Executive Director and Chief Executive Officer) | Interest in controlled corporation | 1,600,000 shares | 4.94% | | | Beneficial owner | 228,000 shares | 0.70% | [Substantial Shareholders' and Other Persons' Interests and Short Positions in Shares, Underlying Shares and Debentures](index=31&type=section&id=%E4%B8%BB%E8%A6%81%E8%82%A1%E6%9D%B1%E5%8F%8A%E5%85%B6%E4%BB%96%E4%BA%BA%E5%A3%AB%E6%96%BC%E8%82%A1%E4%BB%BD%E3%80%81%E7%9B%B8%E9%97%9C%E8%82%A1%E4%BB%BD%E5%8F%8A%E5%82%B5%E6%AC%8A%E8%AD%89%E4%B8%AD%E7%9A%84%E6%AC%8A%E7%9B%8A%E5%8F%8A%E6%B7%A1%E5%80%89) As of June 30, 2025, Golden Villa Ltd. (wholly owned by Mr. Chu King Ting) held 42.15% of the shares, with Ms. Wu Yuk Ling (Mr. Chu King Ting's spouse) deemed to have the same interest, and Lofty Islet Holdings Limited (wholly owned by Mr. Yeung Ho Po) held 16.67% of the shares. | Name / Company Name | Nature of Interest | Total Number of Shares Held (Long Position) | Approximate Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Golden Villa Ltd. | Beneficial owner | 13,657,500 shares | 42.15% | | Ms. Wu Yuk Ling | Interest of spouse | 13,657,500 shares | 42.15% | | Triumph Treasure | Beneficial owner | 1,600,000 shares | 4.94% | | Lofty Islet Holdings Limited | Beneficial owner | 5,400,000 shares | 16.67% | | Mr. Yeung Ho Po | Interest in controlled corporation | 5,400,000 shares | 16.67% | [Post Balance Sheet Events](index=33&type=section&id=%E6%9C%9F%E5%BE%8C%E4%BA%8B%E9%A0%85) Except as disclosed in this report, no significant events occurred after the end of the period and up to the date of this report. - Except as disclosed in this report, no significant events occurred after the end of the period and up to the date of this report [72](index=72&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=33&type=section&id=%E8%B3%BC%E8%B2%B7%E3%80%81%E5%87%BA%E5%94%AE%E6%88%96%E8%B3%96%E5%9B%9E%E6%9C%AC%E5%85%AC%E5%8F%B8%E4%B8%8A%E5%B8%82%E8%AD%89%E5%88%B8) During the period, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities. - During the period, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities [73](index=73&type=chunk) [Share Option Scheme](index=33&type=section&id=%E8%B3%BC%E8%82%A1%E6%AC%8A%E8%A8%88%E5%8A%83) The Company adopted a share option scheme on June 24, 2025, with an authorized limit of 3,240,000 share options, representing 10% of the issued shares, and no options have been granted, exercised, cancelled, or lapsed since its adoption. - The share option scheme was adopted by shareholders on June 24, 2025, with an authorized limit of **3,240,000 share options**, representing **10%** of the issued shares [74](index=74&type=chunk) - No share options have been granted, agreed to be granted, exercised, cancelled, or lapsed under the scheme since its adoption date and up to the date of this report [74](index=74&type=chunk) [Standard of Conduct for Securities Transactions by Directors](index=34&type=section&id=%E8%91%A3%E4%BA%8B%E9%80%B2%E8%A1%8C%E8%AD%89%E5%88%B8%E4%BA%A4%E6%98%93%E7%9A%84%E6%A8%99%E6%BA%96%E5%AE%88%E5%89%87) The Company has adopted the Standard of Conduct for Securities Transactions by Directors as set out in Appendix C3 of the Listing Rules, and all Directors have confirmed compliance with the code during the period and up to the date of this report. - The Company has adopted the Standard of Conduct for Securities Transactions by Directors as set out in Appendix C3 of the Listing Rules, and all Directors have confirmed compliance [75](index=75&type=chunk) [Corporate Governance Code](index=34&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E5%AE%88%E5%89%87) The Company has adopted the Corporate Governance Code set out in Appendix C1 of the Listing Rules and is committed to high standards of corporate governance and transparency, with the Board believing that applicable code provisions have been complied with during the period. - The Company has adopted the Corporate Governance Code set out in Appendix C1 of the Listing Rules and believes that applicable code provisions have been complied with during the period [76](index=76&type=chunk) [Directors' Material Interests in Contracts](index=34&type=section&id=%E8%91%A3%E4%BA%8B%E6%96%BC%E5%90%88%E7%B4%84%E4%B8%AD%E7%9A%84%E9%87%8D%E5%A4%A7%E6%AC%8A%E7%9B%8A) Except as disclosed in this report, no Director had any material interest in any contract significant to the Group's business during the period. - During the period, no Director had any material interest in any contract significant to the Group's business [77](index=77&type=chunk) [Competing Business](index=34&type=section&id=%E7%AB%B6%E7%88%AD%E6%A5%AD%E5%8B%99) During the period, the Directors were unaware of any business or interest of the Company's Directors, controlling shareholders, and their close associates that competes or may compete with the Group's business, or any other conflicts of interest. - The Directors were unaware of any business or interest of the Company's Directors, controlling shareholders, and their close associates that competes with the Group's business [78](index=78&type=chunk) [Audit Committee](index=34&type=section&id=%E5%AF%A9%E6%A0%B8%E5%A7%94%E5%93%A1%E6%9C%83) The Audit Committee, comprising three independent non-executive directors, ensures the effectiveness of the Group's accounting and financial controls, oversees internal control systems and financial reporting processes, and has reviewed the interim results, deeming them compliant with applicable accounting standards, Listing Rules, and legal requirements. - The Audit Committee comprises three independent non-executive directors: Mr. Wong Ka Chun (Chairman), Mr. Kan Man Kim, and Ms. Tang Sze Ning [79](index=79&type=chunk) - The Audit Committee's primary responsibilities include ensuring effective accounting and financial controls, overseeing internal control systems and financial reporting processes, monitoring the integrity of financial statements, and assessing the independence of external auditors [80](index=80&type=chunk) - These interim results have not been audited by the Company's auditors but have been reviewed by the Audit Committee, which considers them to be in compliance with applicable accounting standards, the Listing Rules, and legal requirements [80](index=80&type=chunk) [Board Composition](index=35&type=section&id=%E6%89%BF%E8%91%A3%E4%BA%8B%E6%9C%83%E5%91%BD) As of the date of this report, the Board of Directors comprises four executive directors (Mr. Chu King Ting, Ms. Chu Shuk Ching, Mr. Tang Chi Him, Mr. Chu Ho Wah) and three independent non-executive directors (Ms. Tang Sze Ning, Mr. Kan Man Kim, Mr. Wong Ka Chun). - As of the date of this report, the executive directors are Mr. Chu King Ting, Ms. Chu Shuk Ching, Mr. Tang Chi Him, and Mr. Chu Ho Wah [81](index=81&type=chunk) - The independent non-executive directors are Ms. Tang Sze Ning, Mr. Kan Man Kim, and Mr. Wong Ka Chun [81](index=81&type=chunk)

Group 1 - The company, Jinli Group (03919), reported a revenue of HKD 159 million for the six months ending June 30, 2025, representing a year-on-year increase of 1.05% [1] - The loss attributable to equity shareholders amounted to HKD 3.155 million, which is a year-on-year increase of 10.12% [1] - The loss per share was recorded at HKD 0.1137 [1] Group 2 - The announcement indicated that the loss during the period was primarily due to a decrease in gross profit [1]

Core Points - The company reported an unaudited revenue of approximately HKD 159 million for the six months ending June 30, 2025, representing a growth of about 1.05% compared to the same period in 2024 [1] - The company recorded an unaudited loss attributable to equity shareholders of approximately HKD 3.16 million, compared to an unaudited loss of approximately HKD 2.87 million for the same period in 2024 [1] - The loss during the period was attributed to a decrease in gross profit [1] - The basic loss per share for the six months ending June 30, 2025, was (11.37) HK cents, compared to (10.61) HK cents for the same period in 2024 (restated) [1] - The board of directors has resolved not to declare an interim dividend for the six months ending June 30, 2025, consistent with the decision for the same period in 2024 [1]

Group 1 - The company reported a revenue of HKD 159 million for the six months ending June 30, 2025, representing a year-on-year increase of 1.05% [1] - The loss attributable to equity shareholders was HKD 3.155 million, which increased by 10.12% year-on-year [1] - The loss per share was HKD 0.1137 [1] Group 2 - The announcement indicated that the loss during the period was primarily due to a decrease in gross profit [1]

Financial Highlights This section summarizes the company's key financial performance indicators and operational highlights [Financial Highlights](index=1&type=section&id=%E8%B2%A1%E5%8B%99%E6%91%98%E8%A6%81) The Group experienced a slight revenue increase but an expanded loss attributable to equity holders due to declining gross profit Financial Highlights | Metric | June 30, 2025 (million HKD) | June 30, 2024 (million HKD) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 159.20 | 157.55 | +1.05% | | Loss attributable to equity holders of the Company | (3.16) | (2.87) | +10.10% | | Gross profit margin | 19.60% | 24.67% | -5.07 percentage points | | Basic loss per share (HK cents) | (11.37) | (10.61) | +7.16% | - The **gross profit margin decreased** primarily due to increased raw material costs from global commodity price fluctuations and higher production costs from the appreciation of RMB against HKD[2](index=2&type=chunk) - The Board resolved not to declare an interim dividend for the six months ended June 30, 2025[2](index=2&type=chunk) Interim Results This section presents the Group's condensed consolidated financial statements, including income, financial position, cash flow, and equity changes [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) Group revenue slightly increased, but a significant rise in cost of sales led to a substantial drop in gross profit, expanding the loss attributable to equity holders Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | Metric | June 30, 2025 (thousand HKD) | June 30, 2024 (thousand HKD) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 159,200 | 157,548 | +1.05% | | Cost of sales | (127,992) | (118,687) | +7.84% | | Gross profit | 31,208 | 38,861 | -19.69% | | Loss before income tax | (3,646) | (3,131) | +16.45% | | Loss for the period | (3,255) | (2,865) | +13.61% | | Loss for the period attributable to equity holders of the Company | (3,155) | (2,865) | +10.12% | - Total comprehensive loss for the period narrowed from **(HKD 4,097 thousand)** in the same period of 2024 to **(HKD 1,389 thousand)** in 2025, mainly due to a favorable change in exchange differences from loss to income[3](index=3&type=chunk)[4](index=4&type=chunk) [Condensed Consolidated Statement of Financial Position](index=4&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) As of June 30, 2025, total assets and net assets increased, but net current liabilities remained negative, indicating short-term liquidity pressure Condensed Consolidated Statement of Financial Position | Metric | June 30, 2025 (thousand HKD) | December 31, 2024 (thousand HKD) | Change (%) | | :--- | :--- | :--- | :--- | | Non-current assets | 498,853 | 490,802 | +1.64% | | Current assets | 176,249 | 165,263 | +6.65% | | Current liabilities | 319,449 | 346,930 | -7.92% | | Net current liabilities | (143,200) | (181,667) | -21.29% | | Non-current liabilities | 65,458 | 22,286 | +193.72% | | Net assets | 290,195 | 286,849 | +1.16% | | Total equity attributable to equity holders of the Company | 289,995 | 286,549 | +1.20% | - Cash and bank balances decreased by **57.59%** from **HKD 31,493 thousand** as of December 31, 2024, to **HKD 13,353 thousand** as of June 30, 2025[5](index=5&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=6&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E7%8F%BE%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) For the six months ended June 30, 2025, operating activities shifted from net inflow to net outflow, increasing investing cash outflow and significantly reducing financing cash outflow, resulting in a net decrease of **HKD 15.877 million** in cash and cash equivalents Condensed Consolidated Statement of Cash Flows | Metric | June 30, 2025 (thousand HKD) | June 30, 2024 (thousand HKD) | Change | | :--- | :--- | :--- | :--- | | Net cash (used in) / generated from operating activities | (6,021) | 21,761 | Shift from inflow to outflow | | Net cash used in investing activities | (7,741) | (5,898) | Outflow increased (+31.25%) | | Net cash used in financing activities | (2,115) | (15,326) | Outflow decreased (-86.20%) | | Net (decrease) increase in cash and cash equivalents | (15,877) | 537 | Shift from increase to decrease | | Cash and cash equivalents at end of period | 13,353 | 23,374 | -42.87% | [Condensed Consolidated Statement of Changes in Equity](index=7&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%AC%8A%E7%9B%8A%E8%AE%8A%E5%8B%95%E8%A1%A8) As of June 30, 2025, the company's total equity slightly increased, primarily due to share issuance, despite negative impacts from period loss and exchange reserve changes - Total equity attributable to equity holders of the Company as of June 30, 2025, was **HKD 289,995 thousand**, an increase from **HKD 286,549 thousand** as of January 1, 2025[8](index=8&type=chunk) - Loss for the period was **(HKD 3,155 thousand)**, with **(HKD 100 thousand)** attributable to non-controlling interests[8](index=8&type=chunk) - Exchange differences arising from the translation of financial statements of overseas operations amounted to **HKD 1,866 thousand**, positively impacting equity[8](index=8&type=chunk) - Share issuance resulted in an increase of **HKD 1,080 thousand** in share capital and **HKD 3,655 thousand** in share premium, totaling **HKD 4,735 thousand**[8](index=8&type=chunk) Notes to the Financial Statements This section provides detailed notes and disclosures supporting the condensed consolidated financial statements [1. General Information](index=8&type=section&id=1.%20%E4%B8%80%E8%88%AC%E8%B3%87%E6%96%99) Golden Power Group Holdings Limited primarily manufactures and sells various batteries, including primary and rechargeable types, across China, Hong Kong, and international markets, actively developing environmentally friendly products - The Group's principal activities are the manufacture and sale of various types of batteries for electronic devices, including primary batteries (cylindrical and micro button cells) and rechargeable batteries, and other battery-related products[9](index=9&type=chunk) - Products are widely used in electric toys, watches, remote controls, alarm clocks, healthcare products, and computers[10](index=10&type=chunk) - The Group has developed mercury-free, cadmium-free, and lead-free batteries to align with the global trend towards environmentally friendly battery markets[10](index=10&type=chunk) [2. Basis of Preparation of Financial Statements](index=8&type=section&id=2.%20%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8%E7%9A%84%E7%B7%A8%E8%A3%BD%E5%9F%BA%E6%BA%96) The interim financial statements are prepared in accordance with HKAS 34 and Appendix D2 of the Listing Rules on a going concern basis, despite a period loss and net current liabilities, supported by available financing and renewal capabilities - The interim financial statements have been prepared in accordance with the applicable disclosure requirements of Appendix D2 to the Listing Rules of the Stock Exchange of Hong Kong Limited and Hong Kong Accounting Standard 34 "Interim Financial Reporting

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年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: 金力集團控股有限公司（於開曼群島註冊成立的有限公司） 呈交日期: 2025年8月6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) | 03919 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 100,000,000 | HKD | | 0.2 HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 100,000,000 | HKD | | 0.2 HKD | | 20,000,000 | 本月底法定/註冊股本總額 ...

（股份代號：3919） 董事會會議通告 金力集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，將於二零 二五年八月十九日（星期二）舉行董事會會議，以考慮（其中包括）以下事項： GOLDEN POWER GROUP HOLDINGS LIMITED 金力集團控股有限公司 （於開曼群島註冊成立的有限公司） 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，並明確表示概不就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。 承董事會命 朱境淀 香港，二零二五年八月六日 於本公告日期，執行董事為朱境淀先生、朱淑清小姐、鄧志謙先生及朱浩華先生， 而獨立非執行董事為鄧思寧女士、簡文儉先生及黃家俊先生。 1. 考慮及批准本公司及其附屬公司（「本集團」）截至二零二五年六月三十日止六個 月的未經審核綜合業績（「中期業績」）； 2. 考慮及批准將於香港聯合交易所有限公司網站及本公司網站刊登的中期業績公 告； 3. 考慮建議派付中期股息（如有）； 4. 考慮暫停辦理本公司股份過戶登記（如有需要）；及 5. 處理任何其他事 ...

5月27日，截至港股收盘，恒生指数上涨0.43%，报23381.99点。金力集团(新)（03919.HK）收报1.11港 元/股，上涨15.63%，成交量2.4万股，成交额2.76万港元，振幅4.17%。 最近一个月来，金力集团(新)累计跌幅7.84%，今年来累计跌幅17.54%，跑输恒生指数16.06%的涨幅。 财务数据显示，截至2024年12月31日，金力集团(新)实现营业总收入2.94亿元，同比增长17.57%；归母 净利润-590.07万元，同比增长41.64%；毛利率25%，资产负债率56.28%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，工业工程行业市盈率（TTM）平均值为15.04倍，行业中值2.44倍。金力集团(新)市盈 率-0.2倍，行业排名第200位；其他谊砾控股（00076.HK）为0.31倍、中国航天万源（01185.HK）为0.32 倍、天洁环境（01527.HK）为1.93倍、北京控股环境集团（00154.HK）为2.14倍、同景新能源 （08326.HK）为2.41倍。 资料显示，金力集团控股有限公司的主要业务为以制造及出售供各类电子设备使用的各式电池。 ...

Financial Performance - The group's revenue increased by approximately 17.57% from about HKD 270.28 million in the previous year to approximately HKD 317.76 million for the fiscal year ending December 31, 2024[9]. - The loss attributable to shareholders was approximately HKD 6.37 million, compared to a loss of approximately HKD 10.92 million in the previous year, resulting in a loss per share of HKD 0.0118[9]. - The company's revenue for the year increased by approximately 17.57% to about HKD 317.76 million, up from approximately HKD 270.28 million in the previous year[21]. - Revenue from cylindrical batteries rose by about 21.39% to approximately HKD 219.71 million, driven by increased demand in China, the Americas, and Europe[19]. - Revenue from button cell batteries increased by approximately 9.37% to about HKD 93.75 million, while revenue from rechargeable batteries and other related products grew by about 20.11% to approximately HKD 4.30 million, mainly due to demand in the European market[20]. - The gross profit for the year was approximately HKD 79.45 million, representing an increase of about 12.30% compared to HKD 70.75 million in the previous year[24]. - The gross margin decreased from approximately 26.18% to about 25.00%, a decline of about 1.18 percentage points, influenced by the depreciation of the RMB against the HKD and fluctuations in raw material prices[34][35]. - Sales expenses increased by approximately 24.52% to about HKD 21.28 million, primarily due to increased travel expenses[25]. - The company had cash and bank balances of approximately HKD 31.49 million as of December 31, 2024, an increase of about HKD 2.82 million from HKD 28.67 million the previous year[30]. - The company utilized bank financing of approximately HKD 206.49 million, representing about 92.75% of the available bank financing, a slight decrease from HKD 209.18 million the previous year[30]. - The net loss margin decreased by approximately 1.97 percentage points to about (2.07)% from (4.04)% in the previous year, primarily due to increased revenue and rental income from investment properties[36]. - The debt-to-equity ratio increased from 0.79 to 0.80 compared to the previous year[37]. - As of December 31, 2024, the total equity of the group was approximately HKD 286.85 million, down from approximately HKD 294.84 million in 2023[39]. Operational Strategy - The company plans to enhance its focus on developing batteries for healthcare and medical facilities to sustain traditional battery business growth and potential expansion[10]. - The group aims to simplify its operational structure in China to maintain competitiveness and control sales costs through subsidiary restructuring[14]. - The company expects a positive outlook for revenue from the healthcare and medical facilities market due to increasing customer inquiries[14]. - The group will continue to invest in production facilities and automation to improve cost efficiency and productivity[11]. - The company anticipates steady growth in demand for disposable batteries as market demand increases overall[14]. - The board will explore other energy business opportunities and potential investment avenues to diversify revenue sources[15]. - The company plans to continue investing in production facilities and upgrading production lines to improve capacity and efficiency by 2025[57]. - New automated production lines for disposable button batteries are set to commence commercial production in 2024, aimed at enhancing capacity and efficiency[57]. Environmental, Social, and Governance (ESG) Commitment - The group is committed to reducing carbon emissions, water, and energy consumption as part of its environmental, social, and governance (ESG) responsibilities[10]. - The company has established several service contracts with professional waste disposal service companies to ensure compliance with environmental regulations in China[50]. - The company emphasizes its commitment to sustainable practices, producing eco-friendly products without harmful substances like mercury, cadmium, and lead[144]. - The group has invested in upgrading machinery to improve energy efficiency as part of its low-carbon economy strategy[144]. - The company adheres to local laws and regulations regarding environmental protection, labor practices, and anti-corruption measures[145]. - The company is committed to enhancing its sustainability strategy and actively engages with diverse stakeholders to gather insights on key ESG issues[149]. - The board of directors oversees ESG risks and evaluates the company's sustainability goals and initiatives annually, focusing particularly on climate change and decarbonization[154]. - The company recognizes its responsibility to lead industry and societal change by launching innovative products for a greener and more sustainable future[151]. - The company is focused on integrating sustainability into its operations and is committed to providing reliable eco-friendly products[150]. Corporate Governance - The company has adopted corporate governance codes and believes it has complied with all applicable provisions during the year[54]. - The company has implemented a standard code for securities trading by directors, confirming compliance by all directors during the year[76]. - The board's composition reflects a necessary balance of skills and experience for effective leadership and independent decision-making[77]. - The company has a commitment to equal employment opportunities and prohibits discrimination of any kind[83]. - The chairman and CEO roles are held by different individuals, ensuring a clear separation of responsibilities[84]. - The board consists of three independent non-executive directors, meeting the requirement of at least one-third independence[85]. - The board held four meetings during the year, with full attendance from all directors[89]. - The company secretary attended all board meetings to report on corporate governance and compliance matters[89]. - The board has reviewed the implementation of independence mechanisms and found it satisfactory[98]. - The company has adopted a nomination policy outlining the methods and procedures for nominating and selecting directors, including the appointment of additional directors and the re-election of existing directors[109]. Employee and Management Information - Employee costs for the year amounted to approximately HKD 42.49 million, an increase of about 0.53% from HKD 42.27 million in the previous year[49]. - The total number of employees as of December 31, 2024, was 409, down from 421 in 2023[49]. - The company has a strong management team with over 29 years of experience in the battery industry, led by Mr. Liang Tao, the general manager of Jiangmen King Power[68]. - The company has a diverse team with expertise in human resources management, finance, and corporate advisory services[67]. - The company emphasizes compliance and corporate governance, with board members receiving training on legal obligations[66]. - The company has appointed a general manager to oversee compliance with environmental regulations and internal guidelines[50]. Shareholder Engagement - The company is committed to maintaining open and effective communication with shareholders, particularly through annual general meetings[128]. - The annual general meeting serves as a primary communication platform between the company and its shareholders[136]. - The company provides a platform for shareholders to communicate with the board and management, ensuring transparency and engagement[139]. - The company encourages shareholders to actively check its website for company communications and updates[137]. Sustainability Goals and Performance - The company aims to reduce energy density by 10% by 2030 compared to the 2018 baseline[178]. - Water consumption density is targeted to decrease by 25% by 2030 relative to the 2018 baseline[183]. - The group aims to reduce overall waste generation by 20% from 2023 to 2030, shifting focus from waste recycling to waste reduction management[189]. - The total nitrogen oxides emissions decreased to 161.38 kg in 2024 from 194.46 kg in 2023, reflecting a reduction of approximately 17%[177]. - Sulfur oxides emissions reduced to 0.32 kg in 2024 from 0.40 kg in 2023, a decrease of 20%[177]. - Particulate matter emissions fell to 15.81 kg in 2024 from 17.97 kg in 2023, representing a decline of about 12%[177]. - Total energy consumption increased by 1.53% in 2024 compared to 2023, driven by a 2.4% rise in electricity consumption[179]. - Greenhouse gas emissions rose by 3.79% in 2024 compared to 2023, primarily due to increased operational activities and energy demand[181].