6830 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佈的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈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。 HUAZHONG IN-VEHICLE HOLDINGS COMPANY LIMITED 華眾車載控股有限公司 主席兼行政總裁 周敏峰 香港，二零二五年九月一日 於本公佈日期，執行董事為周敏峰先生及劉根鈺先生；非執行董事為賴彩絨女士、管欣 先生及余卓平先生；以及獨立非執行董事為徐黎女士、王東晨先生及徐家力先生。 更改香港主要營業地點 華眾車載控股有限公司（「本公司」）董事會謹此宣佈，自二零二五年九月一日起，本公司 之香港主要營業地點將更改為香港灣仔港灣道23號鷹君中心30樓3005-7室。本公司電話 及傳真號碼將維持不變。 承董事會命 ...

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 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 06830 | 說明 | | 普通股 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 1,769,193,800 | | 0 | | 1,769,193,800 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 1,769,193,800 | | 0 | | 1,769,193,800 | 第 2 頁 共 10 頁 v 1.1.1 公司名稱: ...

Group 1 - The core viewpoint of the article highlights that Huazhong Automotive (06830.HK) reported a revenue of approximately RMB 955,046,000 for the six months ending June 30, 2025, representing a year-on-year increase of about 23.3% [1] - The net profit attributable to the parent company was approximately RMB 25,891,000, which reflects a year-on-year increase of about 41.9% [1] - The gross profit margin for the period was recorded at 27.4%, compared to 29.0% in the same period last year [1] Group 2 - The company plans to hold a board meeting on August 29 to approve the interim results [1]

Core Viewpoint - Huazhong Automotive (06830) reported a mid-year performance for 2025, showing significant growth in revenue and profit [1] Financial Performance - Revenue for the period was approximately 955 million, representing a year-on-year increase of about 23.3% [1] - Profit attributable to the parent company was approximately 25.89 million, reflecting a year-on-year increase of about 41.9% [1] - Basic earnings per share were approximately 1.46 cents [1]

[Financial Summary](index=1&type=section&id=%E8%B2%A1%E5%8B%99%E6%91%98%E8%A6%81) The Group's revenue and profit attributable to owners of the parent grew, while gross profit margin slightly declined | Indicator | H1 2025 (RMB'000) | H1 2024 (RMB'000) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 955,046 | 774,645 | 23.3% | | Profit attributable to owners of the parent | 25,891 | 18,240 | 41.9% | | Gross Profit Margin | 27.4% | 29.0% | -1.6 p.p. | | Basic earnings per share | RMB0.0146 | RMB0.0103 | 41.7% | - The Board of Directors resolved not to declare any interim dividend for the six months ended June 30, 2025 (H1 2024: Nil)[2](index=2&type=chunk) [Unaudited Interim Results](index=2&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE) This section presents the unaudited condensed consolidated financial results for the six months ended June 30, 2025 - The unaudited condensed consolidated financial results of the Company and its subsidiaries (collectively, the "Group") for the six months ended June 30, 2025, together with the comparative figures for the six months ended June 30, 2024[3](index=3&type=chunk) [Interim Condensed Consolidated Statement of Profit or Loss](index=2&type=section&id=%E4%B8%AD%E6%9C%9F%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E8%A1%A8) For the six months ended June 30, 2025, the Group's revenue grew significantly by 23.3% and profit attributable to owners of the parent increased by 41.9%, though gross margin slightly decreased | Indicator | H1 2025 (RMB'000) | H1 2024 (RMB'000) | | :--- | :--- | :--- | | Revenue | 955,046 | 774,645 | | Cost of sales | (693,747) | (549,856) | | Gross profit | 261,299 | 224,789 | | Other income and gains | 22,984 | 21,719 | | Selling and distribution expenses | (71,008) | (58,253) | | Administrative expenses | (182,366) | (165,089) | | Profit before tax | 29,479 | 25,895 | | Income tax expense | (5,436) | (4,891) | | Profit for the period | 24,043 | 21,004 | | Profit attributable to owners of the parent | 25,891 | 18,240 | | Profit attributable to non-controlling interests | (1,848) | 2,764 | | Basic earnings per share | RMB0.0146 | RMB0.0103 | [Interim Condensed Consolidated Statement of Comprehensive Income](index=4&type=section&id=%E4%B8%AD%E6%9C%9F%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E5%85%A8%E9%9D%A2%E6%94%B6%E5%85%A5%E8%A1%A8) For the six months ended June 30, 2025, the Group recorded a total comprehensive income of RMB17,542,000, mainly driven by profit for the period | Indicator | H1 2025 (RMB'000) | H1 2024 (RMB'000) | | :--- | :--- | :--- | | Profit for the period | 24,043 | 21,004 | | Exchange differences on translation of foreign operations | (145) | 2,892 | | Equity investments designated at FVOCI: Changes in fair value | (8,475) | (53,599) | | Income tax effect | 2,119 | 13,400 | | Other comprehensive loss for the period, net of tax | (6,501) | (37,307) | | Total comprehensive income/(loss) for the period | 17,542 | (16,303) | | Attributable to owners of the parent | 19,390 | (19,067) | | Attributable to non-controlling interests | (1,848) | 2,764 | [Interim Condensed Consolidated Statement of Financial Position](index=5&type=section&id=%E4%B8%AD%E6%9C%9F%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 non-current assets slightly increased, while a rise in both current assets and liabilities led to a significant drop in net current assets | Indicator | June 30, 2025 (RMB'000) | December 31, 2024 (RMB'000) | | :--- | :--- | :--- | | Total non-current assets | 1,769,714 | 1,760,651 | | Total current assets | 2,124,244 | 2,023,857 | | Total current liabilities | 2,066,529 | 1,815,563 | | Net current assets | 57,715 | 208,294 | | Total assets less current liabilities | 1,827,429 | 1,968,945 | | Total non-current liabilities | 288,834 | 403,715 | | Net assets | 1,538,595 | 1,565,230 | | Equity attributable to owners of the parent | 1,403,862 | 1,388,885 | | Non-controlling interests | 134,733 | 176,345 | | Total equity | 1,538,595 | 1,565,230 | [Notes to the Interim Condensed Consolidated Financial Information](index=8&type=section&id=%E4%B8%AD%E6%9C%9F%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E8%B3%87%E6%96%99%E9%99%84%E8%A8%BB) This section provides detailed notes on corporate information, basis of preparation, accounting policies, and segment data - This section details the notes to the Group's financial statements, including corporate information, accounting policies, segment information, revenue and expense components, dividend policy, earnings per share calculation, and major balance sheet item changes[13](index=13&type=chunk)[14](index=14&type=chunk)[15](index=15&type=chunk) [Corporate Information](index=8&type=section&id=%E5%85%AC%E5%8F%B8%E8%B3%87%E6%96%99) Huazhong In-Vehicle Holdings Company Limited was incorporated in the Cayman Islands in 2010 and listed on the Hong Kong Stock Exchange in 2012 - The Company was incorporated in the Cayman Islands on December 3, 2010, and was listed on the Main Board of The Stock Exchange of Hong Kong Limited on January 12, 2012[13](index=13&type=chunk) - The Group is principally engaged in the manufacturing and sales of automotive interior and exterior structural and decorative parts, molds and tooling, air-conditioner housings and reservoirs, and other non-automotive products[13](index=13&type=chunk) [Basis of Preparation](index=8&type=section&id=%E7%B7%A8%E8%A3%BD%E5%9F%BA%E6%BA%96) The interim financial information is prepared in accordance with IAS 34 and should be read with the 2024 annual financial statements - The interim condensed consolidated financial information has been prepared in accordance with International Accounting Standard 34 Interim Financial Reporting[14](index=14&type=chunk) [Changes in Accounting Policies and Disclosures](index=8&type=section&id=%E6%9C%83%E8%A8%88%E6%94%BF%E7%AD%96%E5%8F%8A%E6%8A%AB%E9%9C%B2%E8%AE%8A%E6%9B%B4) Accounting policies are consistent with the previous year, except for the adoption of amended IFRSs, which had no material impact - The initial adoption of amendments to IAS 21, Lack of Exchangeability, had no impact on the interim condensed consolidated financial information as the currencies used by the Group are exchangeable[15](index=15&type=chunk)[16](index=16&type=chunk)[17](index=17&type=chunk) [Operating Segment Information](index=9&type=section&id=%E7%B6%93%E7%87%9F%E5%88%86%E9%83%A8%E8%B3%87%E6%96%99) The Group is managed as a single business unit, thus no segment analysis is presented, with Mainland China being the primary source of revenue and location of assets - The Group is organized as a single business unit, primarily engaged in the production and sale of automotive parts and other non-automotive products, therefore no segment analysis is presented[18](index=18&type=chunk) [Geographical Information](index=9&type=section&id=%E5%9C%B0%E5%8D%80%E8%B3%87%E6%96%99) **Revenue from External Customers (based on customer location):** | Region | H1 2025 (RMB'000) | H1 2024 (RMB'000) | | :--- | :--- | :--- | | Mainland China | 918,078 | 734,408 | | Overseas | 36,968 | 40,237 | | Total | 955,046 | 774,645 | **Non-current Assets (based on asset location):** | Region | June 30, 2025 (RMB'000) | December 31, 2024 (RMB'000) | | :--- | :--- | :--- | | Mainland China | 1,532,512 | 1,518,891 | | Overseas | 26,652 | 25,442 | | Total | 1,559,164 | 1,544,333 | [Revenue, Other Income and Gains](index=10&type=section&id=%E6%94%B6%E7%9B%8A%E3%80%81%E5%85%B6%E4%BB%96%E6%94%B6%E5%85%A5%E5%8F%8A%E6%94%B6%E7%9B%8A) The Group's revenue is mainly from customer contracts, with sales of plastic and automotive parts being the primary contributors **Disaggregation of Revenue from Contracts with Customers:** | Category | H1 2025 (RMB'000) | H1 2024 (RMB'000) | | :--- | :--- | :--- | | Sales of plastic parts and automotive parts | 867,017 | 678,160 | | Sales of molds and tooling | 88,029 | 96,485 | | **Total revenue from contracts with customers** | **955,046** | **774,645** | | **Geographical markets:** | | | | Mainland China | 918,078 | 734,408 | | Overseas | 36,968 | 40,237 | | **Total revenue from contracts with customers** | **955,046** | **774,645** | | **Timing of revenue recognition:** | | | | Goods transferred at a point in time | 955,046 | 774,645 | **Analysis of Other Income and Gains:** | Item | H1 2025 (RMB'000) | H1 2024 (RMB'000) | | :--- | :--- | :--- | | Rental income | 5,057 | 2,811 | | Government grants | 7,127 | 9,687 | | Management fee | 2,649 | 1,951 | | VAT incentives | 4,274 | 4,924 | | Gain on disposal of items of property, plant and equipment | 90 | 240 | | Gain on sales of scrap materials | 659 | 844 | | Exchange gains | 1,469 | 137 | | Others | 1,659 | 1,125 | | **Total** | **22,984** | **21,719** | [Profit Before Tax](index=12&type=section&id=%E9%99%A4%E7%A8%85%E5%89%8D%E6%BA%A2%E5%88%A9) The Group's profit before tax was affected by factors including inventory costs, depreciation, higher employee benefits, and reversal of financial asset impairments **Profit Before Tax is Arrived at After Charging/(Crediting):** | Item | H1 2025 (RMB'000) | H1 2024 (RMB'000) | | :--- | :--- | :--- | | Cost of inventories recognised | 693,747 | 549,856 | | Depreciation of property, plant and equipment | 61,829 | 55,456 | | Depreciation of right-of-use assets | 10,845 | 8,730 | | Depreciation of investment properties | 1,446 | 1,446 | | Amortisation of intangible assets | 299 | 744 | | Lease payments under short-term leases | 6,653 | 7,118 | | Employee benefit expense | 177,425 | 140,104 | | Net rental income | (5,057) | (2,811) | | Net exchange differences | (1,469) | (137) | | (Reversal of impairment)/impairment of financial assets | (1,389) | 883 | | Write-down of inventories to net realisable value | 3,488 | (1,148) | | Gain on disposal of items of property, plant and equipment | (90) | (240) | [Income Tax](index=13&type=section&id=%E6%89%80%E5%BE%97%E7%A8%85) The Group's income tax expense for the period totaled RMB5,436,000, an increase from the prior year's RMB4,891,000 **Components of Income Tax Expense:** | Item | H1 2025 (RMB'000) | H1 2024 (RMB'000) | | :--- | :--- | :--- | | Current income tax - charge for the period | 6,166 | 7,403 | | Deferred tax | (730) | (2,512) | | **Total tax charge for the period** | **5,436** | **4,891** | [Dividend](index=13&type=section&id=%E8%82%A1%E6%81%AF) The Board has resolved not to declare any interim dividend for the six months ended June 30, 2025, consistent with the prior year - The Board has resolved not to declare any interim dividend for the six months ended June 30, 2025 (H1 2024: Nil)[25](index=25&type=chunk) [Earnings Per Share Attributable to Ordinary Equity Holders of the Parent](index=13&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E6%AC%8A%E6%8C%81%E6%9C%89%E4%BA%BA%E6%87%89%E4%BD%94%E6%AF%8F%E8%82%A1%E7%9B%88%E5%88%A9) For the six months ended June 30, 2025, basic earnings per share attributable to owners of the parent was RMB0.0146 **Calculation of Basic and Diluted Earnings Per Share:** | Item | H1 2025 (RMB'000) | H1 2024 (RMB'000) | | :--- | :--- | :--- | | Profit attributable to owners of the parent for basic and diluted EPS | 25,891 | 18,240 | | Weighted average number of ordinary shares in issue during the period for basic EPS | 1,769,193,800 | 1,769,193,800 | - Basic earnings per share for the period was calculated based on the consolidated net profit attributable to owners of the parent and the weighted average number of 1,769,193,800 ordinary shares in issue[26](index=26&type=chunk) [Property, Plant and Equipment](index=14&type=section&id=%E7%89%A9%E6%A5%AD%E3%80%81%E5%BB%A0%E6%88%BF%E5%8F%8A%E8%A8%AD%E5%82%99) During the period, the Group purchased property, plant and equipment costing RMB85,377,000 and disposed of assets with a net book value of RMB6,744,000 - The Group purchased property, plant and equipment at a cost of **RMB85,377,000** (H1 2024: RMB101,639,000)[28](index=28&type=chunk) - Assets with a net book value of **RMB6,744,000** were disposed of, resulting in a net gain on disposal of RMB90,000[28](index=28&type=chunk) [Trade and Bills Receivables](index=15&type=section&id=%E8%B2%BF%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, the Group's net trade receivables remained stable, while bills receivable increased **Trade and Bills Receivables:** | Item | June 30, 2025 (RMB'000) | December 31, 2024 (RMB'000) | | :--- | :--- | :--- | | Trade receivables | 716,598 | 773,395 | | Bills receivable | 245,665 | 190,378 | | Impairment of trade receivables | (85,556) | (86,945) | | **Net carrying amount** | **876,707** | **876,828** | **Ageing Analysis of Trade Receivables (net of loss allowance):** | Ageing | June 30, 2025 (RMB'000) | December 31, 2024 (RMB'000) | | :--- | :--- | :--- | | Within 3 months | 556,549 | 642,655 | | 3 to 6 months | 47,097 | 29,688 | | 6 months to 1 year | 23,022 | 12,023 | | Over 1 year | 4,374 | 2,084 | | **Total** | **631,042** | **686,450** | [Trade and Bills Payables](index=16&type=section&id=%E8%B2%BF%E6%98%93%E6%87%89%E4%BB%98%E6%AC%BE%E9%A0%85%E5%8F%8A%E6%87%89%E4%BB%98%E7%A5%A8%E6%93%9A) As of June 30, 2025, the Group's total trade and bills payables increased, with payables within three months accounting for the largest portion **Ageing Analysis of Trade and Bills Payables (based on invoice date):** | Ageing | June 30, 2025 (RMB'000) | December 31, 2024 (RMB'000) | | :--- | :--- | :--- | | Within 3 months | 887,797 | 825,536 | | 3 to 12 months | 395,939 | 378,355 | | 1 to 2 years | 7,528 | 5,227 | | 2 to 3 years | 880 | 3,518 | | Over 3 years | 6,094 | 3,712 | - Certain bills payable were secured by the Group's pledged deposits with a carrying value of **RMB69,277,000** as at June 30, 2025 (December 31, 2024: RMB27,990,000)[32](index=32&type=chunk) [Events After the Reporting Period](index=16&type=section&id=%E5%A0%B1%E5%91%8A%E6%9C%9F%E5%BE%8C%E4%BA%8B%E9%A0%85) The Group had no significant events after the reporting period as of June 30, 2025 - The Group had no significant events after June 30, 2025[33](index=33&type=chunk) [Approval of the Interim Condensed Consolidated Financial Information](index=16&type=section&id=%E6%89%B9%E5%87%86%E4%B8%AD%E6%9C%9F%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E8%B3%87%E6%96%99) The unaudited interim financial statements were approved and authorized for issue by the Board of Directors on August 29, 2025 - The unaudited interim condensed consolidated financial statements were approved and authorised for issue by the Board of Directors on August 29, 2025[34](index=34&type=chunk) [Management Discussion and Analysis](index=17&type=section&id=%E7%AE%A1%E7%90%86%E5%B1%A4%E8%A8%8E%E8%AB%96%E5%8F%8A%E5%88%86%E6%9E%90) This section reviews the Group's business, market performance, financial results, liquidity, and future outlook - This section reviews the Group's business and market performance, analyzes changes in financial indicators, and discusses liquidity, capital structure, major investments, employee policies, and future outlook[35](index=35&type=chunk)[63](index=63&type=chunk) [Business and Market Review](index=17&type=section&id=%E6%A5%AD%E5%8B%99%E5%8F%8A%E5%B8%82%E5%A0%B4%E5%9B%9E%E9%A1%A7) The Group's revenue for H1 2025 was approximately RMB955,046,000, a YoY increase of 23.3%, while profit attributable to owners of the parent grew by 41.9% - The Group is principally engaged in the manufacturing and sales of automotive interior and exterior structural and decorative parts, molds and tooling, air-conditioner housings and reservoirs, and other non-automotive products[35](index=35&type=chunk) | Indicator | H1 2025 (RMB'000) | H1 2024 (RMB'000) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 955,046 | 774,645 | 23.3% | | Profit attributable to owners of the parent | 25,891 | 18,240 | 41.9% | [Financial Review](index=17&type=section&id=%E8%B2%A1%E5%8B%99%E5%9B%9E%E9%A1%A7) This section analyzes changes in the Group's financial indicators, including revenue, gross margin, expenses, and financing costs - The Group's revenue is primarily derived from five product categories: automotive interior and exterior parts, molds and tooling, air-conditioner housings and reservoirs, non-automotive products, and sales of raw materials[36](index=36&type=chunk) [Revenue](index=17&type=section&id=%E6%94%B6%E7%9B%8A) **Revenue and Gross Profit Margin by Product Category:** | Product Category | H1 2025 Revenue (RMB'000) | H1 2025 Gross Margin (%) | H1 2024 Revenue (RMB'000) | H1 2024 Gross Margin (%) | | :--- | :--- | :--- | :--- | :--- | | Automotive interior and exterior structural and decorative parts | 735,473 | 29.4 | 543,222 | 32.2 | | Molds and tooling | 88,029 | 19.7 | 96,485 | 22.8 | | Air-conditioner housings and reservoirs | 59,780 | 21.4 | 78,729 | 20.4 | | Non-automotive products | 20,919 | 37.8 | 23,654 | 38.4 | | Sales of raw materials | 50,845 | 13.5 | 32,555 | 8.4 | | **Total** | **955,046** | **27.4** | **774,645** | **29.0** | - Revenue from automotive interior and exterior parts increased its share from 70.1% to **77.0%**, but its gross margin decreased by 2.8 percentage points[37](index=37&type=chunk) - Revenue from molds and tooling **decreased by 8.8%**, and its gross margin fell by 3.1 percentage points[38](index=38&type=chunk) - Revenue from air-conditioner housings and reservoirs **decreased by 24.0%**, while its gross margin increased by 1.0 percentage point[39](index=39&type=chunk) - Revenue from sales of raw materials **grew by 56.2%**, with its gross margin increasing by 5.1 percentage points[40](index=40&type=chunk) - The overall gross profit margin **decreased to approximately 27.4%** (H1 2024: 29.0%)[40](index=40&type=chunk) [Other Income and Gains](index=19&type=section&id=%E5%85%B6%E4%BB%96%E6%94%B6%E5%85%A5%E5%8F%8A%E6%94%B6%E7%9B%8A) | Indicator | H1 2025 (RMB'000) | H1 2024 (RMB'000) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Other income and gains | 22,984 | 21,719 | 5.8% | [Selling and Distribution Expenses](index=20&type=section&id=%E9%8A%B7%E5%94%AE%E5%8F%8A%E5%88%86%E9%8A%B7%E9%96%8B%E6%94%AF) | Indicator | H1 2025 (RMB'000) | H1 2024 (RMB'000) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Selling and distribution expenses | 71,008 | 58,253 | 21.9% | [Administrative Expenses](index=20&type=section&id=%E8%A1%8C%E6%94%BF%E9%96%8B%E6%94%AF) | Indicator | H1 2025 (RMB'000) | H1 2024 (RMB'000) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Administrative expenses | 182,366 | 165,089 | 10.5% | - The increase in administrative expenses was mainly due to **higher research and development expenses** during the period[43](index=43&type=chunk) [Share of Profit of a Joint Venture](index=20&type=section&id=%E5%88%86%E4%BD%94%E4%B8%80%E9%96%93%E5%90%88%E7%87%9F%E4%BC%81%E6%A5%AD%E7%9A%84%E6%BA%A2%E5%88%A9) | Indicator | H1 2025 (RMB'000) | H1 2024 (RMB'000) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Share of profit of a joint venture | 9,555 | 15,274 | -37.5% | [Finance Income](index=20&type=section&id=%E8%9E%8D%E8%B3%87%E6%94%B6%E5%85%A5) | Indicator | H1 2025 (RMB'000) | H1 2024 (RMB'000) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Finance income | 1,069 | 1,578 | -32.3% | [Finance Costs](index=20&type=section&id=%E8%9E%8D%E8%B3%87%E6%88%E9%9B%86%E6%9C%AC) | Indicator | H1 2025 (RMB'000) | H1 2024 (RMB'000) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Finance costs | 11,058 | 12,847 | -13.9% | - The decrease in finance costs was mainly due to **lower loan interest rates** during the six months ended June 30, 2025[46](index=46&type=chunk) [Tax Expenses](index=21&type=section&id=%E7%A8%85%E9%A0%85%E9%96%8B%E6%94%AF) | Indicator | H1 2025 (RMB'000) | H1 2024 (RMB'000) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Tax expenses | 5,436 | 4,891 | 11.1% | - The increase in tax expenses was mainly due to a **smaller decrease in deferred income tax expense** in H1 2025 compared to H1 2024[47](index=47&type=chunk) [Liquidity and Financial Resources](index=21&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) The Group's net cash from operating activities decreased significantly, leading to a net cash outflow for the period **Cash Flow Summary:** | Item | H1 2025 (RMB'000) | H1 2024 (RMB'000) | | :--- | :--- | :--- | | Net cash flows from operating activities | 29,384 | 130,412 | | Net cash used in investing activities | (75,481) | (86,771) | | Net cash flows from financing activities | 4,829 | 4,141 | | Net cash outflow/(inflow) for the period | (41,268) | 47,782 | **Cash and Cash Equivalents:** | Item | June 30, 2025 (RMB'000) | December 31, 2024 (RMB'000) | | :--- | :--- | :--- | | Cash and cash equivalents | 119,821 | 161,143 | **Interest-bearing Bank and Other Borrowings:** | Item | June 30, 2025 (RMB'000) | December 31, 2024 (RMB'000) | | :--- | :--- | :--- | | Total borrowings | 678,330 | 614,212 | | Due within one year | 434,070 | 256,041 | - The Group's borrowings are subject to interest payable at annual rates ranging from **2.06% to 4.55%**[49](index=49&type=chunk) [Capital Commitments](index=22&type=section&id=%E8%B3%87%E6%9C%AC%E6%89%BF%E6%93%94) As of June 30, 2025, the Group's capital commitments for the purchase of property, plant and equipment increased to approximately RMB142,462,000 | Item | June 30, 2025 (RMB'000) | December 31, 2024 (RMB'000) | | :--- | :--- | :--- | | Capital commitments (for purchase of property, plant and equipment) | 142,462 | 118,475 | [Foreign Exchange Risk](index=22&type=section&id=%E5%A4%96%E5%8C%AF%E9%A2%A8%E9%9A%AA) The Group's foreign exchange risk is not significant as most transactions are denominated in RMB and HKD, and no hedging policy is currently in place - The Group's sales and purchases are mainly denominated in RMB, cash and cash equivalents are mainly in RMB and HKD, and borrowings are in RMB[51](index=51&type=chunk) - As the Group's exposure to exchange rate fluctuations is not significant, **no foreign currency hedging policy is currently adopted**[51](index=51&type=chunk) - Management will closely monitor the Group's foreign exchange risk and consider hedging if it becomes significant[51](index=51&type=chunk) [Capital Structure](index=22&type=section&id=%E8%82%A1%E6%9C%AC%E6%9E%B6%E6%A7%8B) As of June 30, 2025, the total number of issued and fully paid-up ordinary shares of the Company was 1,769,193,800 | Item | June 30, 2025 (Shares) | | :--- | :--- | | Total issued and fully paid-up ordinary shares | 1,769,193,800 | [Contingent Liabilities](index=22&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 at June 30, 2025, the Group had **no significant contingent liabilities** (December 31, 2024: Nil)[53](index=53&type=chunk) [Pledge of Assets](index=23&type=section&id=%E8%B3%87%E7%94%A2%E6%8A%B5%E6%8A%BC) As of June 30, 2025, assets of approximately RMB101,849,000 were pledged to secure certain interest-bearing bank and other borrowings **Carrying Value of Pledged Assets:** | Item | June 30, 2025 (RMB'000) | December 31, 2024 (RMB'000) | | :--- | :--- | :--- | | Property, plant and equipment | 33,628 | 34,624 | | Leasehold land | 38,221 | 38,794 | | Pledged deposits | 30,000 | 30,000 | | **Total** | **101,849** | **103,418** | [Gearing Ratio](index=23&type=section&id=%E8%B3%87%E6%9C%AC%E8%B2%A0%E5%82%B5%E6%AF%94%E7%8E%87) As of June 30, 2025, the Group's gearing ratio was approximately 60.5%, a slight increase from 58.8% at the end of 2024 | Indicator | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Gearing ratio | 60.5% | 58.8% | - The gearing ratio is calculated as net debt divided by total capital (including equity attributable to owners of the parent) plus net debt at the end of the review period[55](index=55&type=chunk) [Significant Investments Held, Material Acquisitions and Disposals of Subsidiaries, Associates and Joint Ventures, and Future Plans for Material Investments or Capital Assets](index=24&type=section&id=%E6%8C%81%E6%9C%89%E7%9A%84%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B3%87%E3%80%81%E9%87%8D%E5%A4%A7%E6%94%B6%E8%B3%BC%E5%8F%8A%E5%87%BA%E5%94%AE%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%E4%BB%A5%E5%8F%8A%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B3%87%E6%88%96%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) A subsidiary acquired a 15% stake in Ningbo Donghua Lotte Automotive Decorative Fabric Co, Ltd, increasing its holding to 80% to enhance control - The Company's wholly-owned subsidiary acquired a **15% equity interest** in Ningbo Donghua Lotte Automotive Decorative Fabric Co, Ltd for a total consideration of EUR4,500,000 (approximately RMB34,290,000)[56](index=56&type=chunk) - Following the acquisition, the Group's shareholding in the target company **increased from 65% to 80%**, aiming to enhance control, improve decision-making, and reduce costs[57](index=57&type=chunk) - The Board and independent directors considered the transaction fair and reasonable, supporting the Group's core business of producing automotive parts in China[57](index=57&type=chunk) - As of the date of this announcement, the Board has **not authorized any plans for material investments** or additions of capital assets[59](index=59&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 3,656 employees, with total staff costs increasing year-on-year | Item | June 30, 2025 | June 30, 2024 | | :--- | :--- | :--- | | Number of employees | 3,656 | 3,070 | | Total staff costs (RMB'000) | 177,425 | 140,104 | - The Group's remuneration policy complies with relevant legislation, market conditions, and employee performance, with a share option scheme to reward outstanding contributors[60](index=60&type=chunk) [Events After the Reporting Period](index=25&type=section&id=%E5%A0%B1%E5%91%8A%E6%9C%9F%E5%BE%8C%E4%BA%8B%E9%A0%85) The Group had no significant events after the reporting period up to the date of this announcement - The Group had no significant events after June 30, 2025, and up to the date of this announcement[61](index=61&type=chunk) [Outlook](index=25&type=section&id=%E5%B1%95%E6%9C%9B) The Group will expand cooperation with automotive brands, develop lightweight products, and establish a new production facility in Mexico for global expansion - The China Association of Automobile Manufacturers expects total sales of new energy vehicles in China to reach **15.6 million units in 2025**, a year-on-year increase of about 28%[62](index=62&type=chunk) - The Group will continue to expand cooperation with traditional and new energy vehicle brands to develop lightweight new products using high-performance plastics to replace metal parts[63](index=63&type=chunk) - The Group will strengthen its presence in the new energy market, enhance connections with NEV brands, and seek to expand economies of scale[63](index=63&type=chunk) - The Group plans to **establish a new production facility in Mexico** to achieve global business development and secure orders from overseas manufacturers[63](index=63&type=chunk) - The Group will focus on optimizing its product portfolio, improving capacity utilization, and strengthening expense management to enhance profitability[63](index=63&type=chunk) [Forward-Looking Statements](index=26&type=section&id=%E5%89%8D%E7%9E%BB%E9%99%B3%E8%BF%B0%E8%81%B2%E6%98%8E) This analysis contains forward-looking statements involving known and unknown risks that may cause actual results to differ materially from expectations - Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results, performance, or events to differ materially from those expressed or implied in such statements[64](index=64&type=chunk)[65](index=65&type=chunk) [Corporate Governance Code](index=27&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E5%AE%88%E5%89%87) This section details the company's compliance with the Corporate Governance Code, including deviations and committee reports - The Company has adopted the Corporate Governance Code and complied with all applicable code provisions during the reporting period, except for the deviation where the roles of Chairman and CEO are held by the same individual[66](index=66&type=chunk)[67](index=67&type=chunk) [Code Provision C.2.1](index=27&type=section&id=%E5%AE%88%E5%89%87%E6%A2%9D%E6%96%87%E7%AC%ACC.2.1%E6%A2%9D) The Company deviates from Code Provision C.2.1 as Mr Zhou Minfeng serves as both Chairman and CEO, an arrangement the Board believes is effective - Mr Zhou Minfeng currently serves as both the Chairman and Chief Executive Officer of the Company, which deviates from Code Provision C.2.1 of the Corporate Governance Code[67](index=67&type=chunk) - The Board believes that the structure of having the same person as Chairman and CEO can effectively implement the Group's business strategies and operations[67](index=67&type=chunk) - The Board, comprising two executive directors, four non-executive directors, and four independent non-executive directors, possesses a balanced mix of skills and experience for the Group's development and will review this deviation from time to time[67](index=67&type=chunk) [Model Code for Securities Transactions by Directors of Listed Issuers](index=28&type=section&id=%E4%B8%8A%E5%B8%82%E7%99%BC%E8%A1%8C%E4%BA%BA%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 Model Code for Securities Transactions by Directors and all directors have confirmed compliance during the period - The Company has adopted the Model Code for Securities Transactions by Directors as set out in Appendix C3 to the Listing Rules, and all directors have confirmed their compliance during the reporting period[68](index=68&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=28&type=section&id=%E8%B3%BC%E8%B2%B7%E3%80%81%E5%87%BA%E5%94%AE%E6%88%96%E8%B4%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) 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 during the six months ended June 30, 2025[69](index=69&type=chunk) [Interim Dividend](index=28&type=section&id=%E4%B8%AD%E6%9C%9F%E8%82%A1%E6%81%AF) The Board has resolved not to declare any interim dividend for the six months ended June 30, 2025, consistent with the prior year - The Board has resolved not to declare any interim dividend for the six months ended June 30, 2025 (H1 2024: Nil)[70](index=70&type=chunk) [Audit Committee](index=28&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, has reviewed the interim results and found them to be properly prepared - The Audit Committee comprises three independent non-executive directors, namely Ms Xu Li (Chairlady), Mr Wang Dongchen and Mr Xu Jiali[71](index=71&type=chunk) - The primary duties of the Audit Committee are to review and supervise the Group's financial reporting process, risk management, and internal control systems[71](index=71&type=chunk) - The Audit Committee has reviewed the interim results announcement for the six months ended June 30, 2025, and considers it to be prepared in accordance with applicable accounting standards, rules, and regulations with appropriate disclosures made[71](index=71&type=chunk)[72](index=72&type=chunk) [Acknowledgement](index=29&type=section&id=%E8%87%B4%E8%AC%9D) The Chairman of the Board extends his gratitude to the directors for their guidance and to the employees for their diligent work - The Chairman of the Board thanks the directors for their valuable advice and guidance, and all employees for their hard work and dedication to the Group[73](index=73&type=chunk) [Publication of Interim Results and Interim Report](index=29&type=section&id=%E5%88%8A%E7%99%BC%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE%E5%8F%8A%E4%B8%AD%E6%9C%9F%E5%A0%B1%E5%91%8A) This interim results announcement is published on the websites of the Stock Exchange and the Company, with the interim report to follow - This interim results announcement is published on the website of the Stock Exchange (www.hkexnews.hk) and the Company's website (http://www.cn-huazhong.com)[74](index=74&type=chunk) - The interim report for the six months ended June 30, 2025 will be dispatched to shareholders and published on the websites of the Stock Exchange and the Company in due course[74](index=74&type=chunk)

Group 1 - The company, Huazhong Vehicle (06830.HK), announced a board meeting scheduled for August 29, 2025, to consider and approve its unaudited interim results for the six months ending June 30, 2025 [1] - The board meeting will also discuss the potential declaration of an interim dividend, if applicable [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佈的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈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。 HUAZHONG IN-VEHICLE HOLDINGS COMPANY LIMITED 華眾車載控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，將於二零二五 年八月二十九日（星期五）舉行董事會會議，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刊發，以及考慮宣派中 期股息（如有）。 承董事會命 華眾車載控股有限公司 主席兼行政總裁 周敏峰 香港，二零二五年八月十九日 6830 董事會會議通知 於本公佈日期，執行董事為周敏峰先生及劉根鈺先生；非執行董事為賴彩絨女士、管欣 先生及余卓平先生；以及獨立非執行董事為徐黎女士、王東晨先生及徐家力先生。 ...

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: 華眾車載控股有限公司（以下簡稱「公司」）（於開曼群島註冊成立之有限公司） 呈交日期: 2025年8月1日 本月底法定/註冊股本總額： HKD 1,000,000,000 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 06830 | 說明 | | 普通股 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 1,769,193,800 | | 0 | | 1,769,193,800 | | 增加 / 減少 (-) | | | | | ...

Financial Performance - Total revenue for the year decreased by approximately 0.2% to RMB 1,846,700,000 from RMB 1,850,710,000 in the previous year[9] - Gross profit increased by about 0.8% to approximately RMB 505,040,000 compared to RMB 500,920,000 in 2023[9] - Profit attributable to equity holders of the parent increased by approximately 8.7% to around RMB 41,910,000 from RMB 38,550,000 in 2023[9] - Total revenue for automotive structural and decorative parts was approximately RMB 1,476,310,000, accounting for about 79.9% of total revenue, with a gross margin increase from 28.3% to 29.1%[18] - Revenue from molds and tools was approximately RMB 145,172,000, representing about 7.9% of total revenue, with a gross margin increase from 17.6% to 20.1%[19] - Revenue from air conditioning and heating components was approximately RMB 135,272,000, accounting for about 7.3% of total revenue, with a gross margin decrease from 23.5% to 16.9%[20] - Other income and gains increased by approximately 70.7% to about RMB 47,759,000, primarily due to increased government subsidies and VAT benefits[21] - Operating cash flow generated a net amount of approximately RMB 355,544,000, compared to RMB 190,905,000 in the previous year[29] - The company's cash and cash equivalents amounted to approximately RMB 161,143,000, an increase from RMB 112,219,000 in the previous year[29] - Administrative expenses increased by approximately 9.7% to RMB 334,153,000 from RMB 304,716,000 in the previous year[23] - Financing income decreased by approximately 70.7% to RMB 1,465,000 from RMB 4,994,000 in the previous year[25] - The company reported a net loss from financial assets impairment of RMB 30,078,000 in 2024, down from RMB 39,064,000 in 2023, a decrease of 23.1%[197] - The company reported a profit of RMB 41,909,000 for the year, compared to RMB 38,550,000 in the previous year, showing an increase of 6.1%[195] Market and Industry Trends - The automotive industry in China produced over 31.28 million vehicles and sold over 31.43 million vehicles in 2024, representing increases of approximately 3.7% and 4.5% respectively[13] - The production and sales of new energy vehicles in China reached 4.93 million and 4.94 million units respectively in 2024, with a year-on-year growth of 30.1% and 32.0%, capturing a market share of 35.2%[41] - The company expects total sales of new energy vehicles in China to reach 11.5 million units in 2024, representing a growth of approximately 20% compared to the previous year[41] - The overall automotive market demand may be influenced by global and regional economic conditions, disposable income, interest rates, fuel prices, and government policies, which could lead to pressure on vehicle prices and adversely affect sales and profitability[119] Strategic Initiatives - The company aims to enhance its market share and profitability through cost-saving measures and strengthening R&D capabilities[9] - The company is actively seeking acquisition opportunities to increase market share and diversify revenue sources[9] - The company plans to enhance its production layout and establish a new manufacturing facility in Mexico to support global business development and attract overseas orders[42] - The company aims to expand cooperation with traditional automotive brands and develop lightweight new products using high-performance plastics to replace metal components[42] - The company will focus on improving its product mix to better meet the needs of automotive brand customers and strengthen collaboration[42] - The company emphasizes cost management to achieve better profitability as the industry recovers[42] Corporate Governance - The board consists of 11 members, including 2 executive directors, 4 non-executive directors, and 5 independent non-executive directors, with a total of 4 board meetings and 1 annual general meeting held during the year[51] - The chairman and CEO roles are separated as per the corporate governance code, ensuring distinct leadership[50] - The board is responsible for reporting to shareholders, implementing resolutions, and determining the company's business and investment plans, as well as annual budgets and dividend proposals[52] - All directors participated in continuous professional development programs to enhance their knowledge and skills, ensuring informed contributions to the board[56] - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange listing rules, focusing on transparency and accountability to shareholders[49] - The board members have diverse industry knowledge and experience, contributing to effective governance and strategic planning[52] - The company is committed to regular reviews and improvements of its corporate governance practices to maximize shareholder returns[49] - Non-executive directors are appointed for a specified term and must retire at least every three years, ensuring regular rotation and fresh perspectives[55] - The company provides independent professional advice to directors as needed, with costs covered by the company[53] - The board meetings and committee meetings are documented in detail, ensuring transparency in decision-making processes[53] - The company has established an Audit Committee to oversee financial reporting and risk management, consisting of three independent non-executive directors[62] - The Audit Committee reviewed the audited annual results for the year ending December 31, 2023, and the unaudited interim results for the six months ending June 30, 2024, ensuring compliance with applicable accounting standards[63] - The company has appointed four independent non-executive directors, meeting the requirement of one-third of the board[60] - The Remuneration Committee has held two meetings this year to determine the remuneration packages for all executive directors and senior management[65] - The company has three senior management members earning between RMB 0 to 1,000,000 for the year ending December 31, 2024[68] - The Nomination Committee has reviewed the structure and composition of the board and made recommendations for appropriate director candidates[68] - The company’s governance structure includes a clear separation of roles between the Chairman and the CEO, although currently held by the same individual[58] - The Audit Committee members have all attended 100% of their meetings this year, demonstrating strong oversight[64] - The company is committed to maintaining effective risk management and internal control systems as part of its governance practices[63] - The independent non-executive directors provide critical independent judgment and oversight of the company's performance and strategy[60] - The company has appointed Ms. He Yongxin as the company secretary, who has completed over 15 hours of professional training in accordance with listing rules[70] Employee and Social Responsibility - The total employee cost for the year is approximately RMB 312,659,000, up from RMB 297,182,000 in 2023, primarily due to an increase in average employee salaries[38] - The total number of employees has increased to 3,519 as of December 31, 2024, compared to 3,025 in 2023[38] - The company has established a strong focus on employee welfare and safety, with no reported strikes or fatal accidents during the year[123] - The company has a strong focus on environmental, social, and governance (ESG) factors, which are integrated into its operational strategies[116] Risk Management - The company closely monitors government policies and regulations to mitigate risks associated with compliance and operational disruptions[121] - The company faces risks related to the short product lifecycle trends in the automotive industry, including rapid updates in vehicle styles and continuous technological upgrades[118] - The company has established strict internal structures to prevent insider trading and conflicts of interest[72] - The board has established a risk management and internal control system, which is reviewed annually for effectiveness, ensuring reasonable assurance against significant misstatements or losses[72] Shareholder Relations - The company prioritizes cash dividends of approximately 10% to 15% of annual profits, with decisions made by the board based on financial performance and other factors[100] - Shareholders holding at least 10% of the paid-up capital have the right to request a special general meeting within two months of their application[85] - The company emphasizes the importance of clear and timely communication with shareholders to build investor confidence and attract new investors[92] - The board will regularly review the nomination policy to ensure diversity and effectiveness in selecting candidates for board positions[84] - The company encourages shareholders to access information via its website to reduce environmental impact and improve communication efficiency[97] - The board may declare special dividends at its discretion, in addition to regular dividends[100] - The company has reviewed its shareholder communication policy for the year ending December 31, 2024, and found it to be effective[99] - The company has established a robust investor relations framework, supported by its CFO, who has over 22 years of experience in financial management and corporate financing[111] Corporate Structure and Share Options - The company has not made significant changes to its organizational documents during the year[91] - The 2011 Share Option Scheme allows for a maximum of 80,000,000 shares to be issued, which is capped at 10% of the shares issued at the time of listing[146] - No share options were granted, exercised, or cancelled under the 2011 Share Option Scheme during the year[147] - The 2021 Share Option Scheme was approved on June 2, 2021, and is valid for ten years to incentivize selected participants[149] - The company has not issued any share options under the 2011 Share Option Scheme as of the report date, with 0 shares available for issuance[148] - The total number of shares that can be issued upon the exercise of options under the 2021 Share Option Scheme is capped at 176,919,380 shares, representing 10% of the issued shares as of the approval date[150] - No options were granted, exercised, lapsed, or cancelled under the 2021 Share Option Scheme during the year, with the total number of shares available for issuance being zero, which is 0% of the weighted average number of relevant class shares issued during the year[152] - Major shareholder Huayou Holdings owns 1,320,000,000 shares, accounting for approximately 74.61% of the issued shares[154] - The remaining term of the 2021 Share Option Scheme is six years, with options vesting over a minimum period of twelve months[152] - The company has maintained appropriate liability insurance for its directors and executives throughout the year[139] - There are no interests or short positions held by directors or the CEO in the company's shares or related securities as of December 31, 2024[143] - The company has not entered into any arrangements that would allow directors and the CEO to hold any interests in the company's shares or related securities[144] - The company has confirmed that all controlling shareholders have complied with non-competition commitments[160] - The company has adopted a competitive yet not excessive remuneration policy for directors, aimed at attracting and retaining qualified individuals to achieve strategic goals[164] - The remuneration of directors is recommended by the remuneration committee and approved by the board, based on the group's operating performance and market statistics[165] - The group contributes a certain percentage of employees' basic salary and allowances to the Central Pension Scheme in mainland China, with no forfeited contributions reported for the years ending December 31, 2023, and December 31, 2024[166] - The company maintains a public float of at least 25% of its issued shares as required by listing rules[168]

Financial Performance - Revenue for the year was approximately RMB 1.846 billion, a decrease of about 0.2% compared to the previous year[3] - Profit attributable to equity holders of the parent was approximately RMB 41.9 million, an increase of about 8.7% compared to the previous year[3] - Gross profit margin was approximately 27.3%, an increase of about 0.2% compared to the previous year[3] - Basic earnings per share attributable to equity holders of the parent was RMB 0.0237, compared to RMB 0.0218 in the previous year[5] - Total comprehensive income for the year was RMB 11.859 million, a significant decrease from RMB 132.372 million in the previous year[6] - Total revenue for 2024 was RMB 1,846,699 thousand, down 0.3% from RMB 1,850,711 thousand in 2023[27] - The profit attributable to the owners of the parent company was approximately RMB 41,910,000, an increase of about 8.7% from RMB 38,550,000 in the previous year[57] - Other income increased significantly to RMB 47.76 million in 2024 from RMB 27.97 million in 2023, representing an increase of about 70.7%[35] - Financing income decreased to RMB 1.47 million in 2024 from RMB 4.99 million in 2023, a decline of approximately 70.6%[36] - The total income tax expense for 2024 is RMB 10,332,000, compared to RMB 8,621,000 in 2023, reflecting an increase of approximately 19.8%[41] - The effective tax rate for the group in 2024 is 17.9%, up from 15.1% in 2023[42] Assets and Liabilities - Non-current assets increased to RMB 1.761 billion from RMB 1.645 billion in the previous year[7] - Current assets increased to RMB 2.024 billion from RMB 1.763 billion in the previous year[8] - Current liabilities rose to RMB 1.816 billion from RMB 1.448 billion in the previous year[8] - Total equity attributable to equity holders of the parent was RMB 1.389 billion, slightly up from RMB 1.387 billion in the previous year[8] - Trade receivables increased to RMB 773,395,000 in 2024 from RMB 704,864,000 in 2023, representing a growth of approximately 9.7%[47] - The impairment loss for trade receivables rose to RMB 86,945,000 in 2024 from RMB 59,825,000 in 2023, indicating a significant increase in credit risk[49] - The total value of trade receivables aged over one year is RMB 2,084,000 in 2024, down from RMB 10,066,000 in 2023, showing improved collection efforts[49] Dividends - The board recommended a final dividend of RMB 0.2826 per share, compared to RMB 0.2464 per share in the previous year[3] - The company plans to propose a final dividend of HKD 0.3062 per share for 2024, compared to HKD 0.2717 per share for 2023, reflecting an increase of approximately 12.9%[42] - There was no interim dividend declared during the year[89] Operational Highlights - The company operates as a single business unit focused on the production and sale of automotive parts and other non-automotive products[26] - Operating revenue from a major customer was approximately RMB 517.19 million in 2024, compared to RMB 612.85 million in 2023, indicating a decrease of about 15.6%[31] - The revenue from automotive interior and exterior structural and decorative parts was approximately RMB 1,476,310,000, accounting for about 79.9% of total revenue, with a gross margin increase from 28.3% to 29.1%[60] - The revenue from molds and tools was approximately RMB 145,172,000, representing about 7.9% of total revenue, with a gross margin increase from 17.6% to 20.1%[62] - Selling and distribution expenses were approximately RMB 129,273,000, accounting for about 7.0% of sales revenue, slightly up from 6.9% in the previous year[64] - Administrative expenses increased by approximately 9.7% to RMB 334,153,000 compared to RMB 304,716,000 in the previous year[65] Research and Development - The group's research and development costs rose to RMB 108.58 million in 2024, up from RMB 86.54 million in 2023, marking an increase of about 25.4%[37] Cash Flow - The net cash generated from operating activities for the current year was approximately RMB 355,544,000, compared to RMB 190,905,000 in 2023, indicating a significant increase[70] - The net cash used in investing activities was approximately RMB 272,486,000, up from RMB 174,880,000 in 2023, primarily for the procurement of fixed assets[70] - The group's cash and cash equivalents amounted to approximately RMB 161,143,000 as of December 31, 2024, compared to RMB 112,219,000 as of December 31, 2023[70] Corporate Governance - The company has complied with all applicable corporate governance codes except for the deviation regarding the roles of the Chairman and CEO being held by the same person[85] - The audit committee, consisting of three independent non-executive directors, oversees the financial reporting process and internal controls[92] - The company did not purchase, sell, or redeem any of its listed securities during the year[88] - The financial information disclosed has been prepared in accordance with applicable accounting standards and regulations[93] - The company will publish its annual results and report on the Hong Kong Stock Exchange and its website[96] - The board will review the deviation from corporate governance codes periodically to enhance the overall best interests of the group[85] - The company has adopted the standard code for securities transactions by directors and confirmed compliance throughout the year[87] Future Outlook - The group plans to establish a new production facility in Mexico to enhance global business development and seek overseas orders[82] - The group aims to strengthen its collaboration with traditional and new energy vehicle brands, focusing on developing lightweight new products using high-performance plastics[82] - The expected total sales of new energy vehicles in China for 2024 is projected to reach 11.5 million units, representing a growth of approximately 20% compared to the previous year[81]