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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 美佳音控股有限公司 呈交日期: 2025年10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) | 06939 | 說明 | | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | | 法定/註冊股本 | | | 上月底結存 | | | 750,000,000 | HKD | | 0.01 | HKD | | | 7,500,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | | 本月底結存 | | | 750,000,000 | HKD | | 0.01 | HKD | | | 7,500,000 ...

| 代码 | 名称 | | 涨跌幅 √ | 最新价 | 总市值 | 年初至今涨跌 | | --- | --- | --- | --- | --- | --- | --- | | 00981 | 中芯国际 | | 7.98% | 85.900 | 6871.75亿 | 170.13% | | 06939 | 美佳音控股 | | 5.26% | 0.600 | 3.11亿 | 31.87% | | 06908 | 宏光半导体 | | 4.76% | 0.660 | 6.2 亿 | -1.49% | | 01385 | 下避道目 | | 3.91% | 47.300 | 388.54 Z | 214.65% | | 00595 | 先思行 | | 3.85% | 0.405 | 3.68 Z | -10.99% | | 01347 | 英语是IPA | | 3.25% | 82.600 | 1431.97 7 | 281.52% | | 00522 | ASMPT | | 2.25% | 83.900 | 349.41 乙 | 12.89% | | 00085 | 中电华大科技 | | 1.81% | 1.690 ...

MEGAIN Holding (Cayman) Co., Ltd. 美佳音控股有限公司* (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） Dear Shareholders, MEGAIN HOLDING (CAYMAN) CO., LTD. (the "Company") – Notice of publication of Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communication are now available on the Company's website at www.megaincayman.com and the website of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") at ...

MEGAIN Holding (Cayman) Co., Ltd. 美佳音控股有限公司* (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） (Stock Code 股份代號: 6939) NOTIFICATION LETTER 通知信函 MEGAIN HOLDING (CAYMAN) CO., LTD. (the "Company") – Notification of publication of Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communication are available on the Company's website at www.megaincayman.com and the website of The Stock Exchange of Hong Kong Li ...

MEGAIN Holding (Cayman) Co., Ltd. 美佳音控股有限公司 * （於開曼群島註冊成立的有限公司） 股份代號： 6939 2025 中期報告 僅供識別 目錄 | 2 | 釋義 | | --- | --- | | 5 | 公司資料 | | 7 | 財務摘要 | | 8 | 管理層討論與分析 | | 19 | 其他資料 | | 25 | 中期簡明綜合財務報表審閱報告 | | 27 | 簡明綜合損益及其他全面收益表 | | 28 | 簡明綜合財務狀況表 | 30 簡明綜合權益變動表 32 簡明綜合現金流量表 33 中期簡明綜合財務報表附註 釋義 於本報告內，除文義另有所指外，下列詞彙具有以下涵義： | 「聯繫人」 | 指 | 具有上市規則所賦予的涵義 | | --- | --- | --- | | 「審核委員會」 | 指 | 董事會審核委員會 | | 「香港立信德豪會計師事務所 | 指 | 執業會計師香港立信德豪會計師事務所有限公司 | | 有限公司」 | | | | 「董事會」 | 指 | 董事會 | | 「英屬處女群島」 | 指 | 英屬處女群島 | | 「中國」 | 指 | 中華人民 ...

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 | 2025年8月31日 | | --- | | 截至月份: 狀態: 新提交 | 致：香港交易及結算所有限公司 公司名稱: 美佳音控股有限公司 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) | 06939 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 750,000,000 | HKD | | 0.01 | HKD | | 7,500,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 750,000,000 | HKD | | 0.01 | HKD | | 7,500,000 | 本 ...

Core Viewpoint - Meijiayin Holdings (06939.HK) reported a revenue of RMB 70.766 million for the six months ending June 30, 2025, representing a year-on-year increase of 7.7% [1] Financial Performance - The gross profit for the same period was RMB 9.938 million, showing a year-on-year decrease of 53.4% [1] - The loss attributable to the company's owners was RMB 38.575 million, compared to a profit of RMB 4.05 million in the same period last year [1] - The basic loss per share was RMB 0.074 [1]

Core Viewpoint - Meijiayin Holdings (06939) reported a mid-term performance for the six months ending June 30, 2025, showing a revenue of 70.766 million RMB, which represents a year-on-year increase of 7.66%. However, the company experienced a shareholder loss of 38.575 million RMB, a significant shift from a profit of 0.405 million RMB in the same period last year, resulting in a basic loss per share of 0.074 RMB [1] Financial Performance - Revenue for the period reached 70.766 million RMB, marking a 7.66% increase compared to the previous year [1] - The company reported a shareholder loss of 38.575 million RMB, contrasting with a profit of 0.405 million RMB in the prior year [1] - Basic loss per share was recorded at 0.074 RMB [1]

Group 1 - The company reported a revenue of 70.766 million RMB for the six months ending June 30, 2025, representing a year-on-year increase of 7.66% [1] - The company experienced a shareholder loss of 38.575 million RMB, compared to a profit of 0.405 million RMB in the same period last year, indicating a shift from profit to loss [1] - The basic loss per share was 0.074 RMB [1]

[Summary](index=1&type=section&id=%E6%91%98%E8%A6%81) Mega-Info Holdings Limited reported interim results for the six months ended June 30, 2025, with revenue up 7.7% to RMB 70,766,000, but a net loss of approximately RMB 38,575,000, a significant decrease of 9,624.7% from the prior period's profit, and no interim dividend recommended | Metric | Six Months Ended June 30, 2025 (RMB '000) | Six Months Ended June 30, 2024 (RMB '000) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 70,766 | 65,733 | 7.7% | | (Loss)/Profit for the Period | (38,575) | 405 | -9,624.7% | - The Board does not recommend the payment of any interim dividend for the six months ended June 30, 2025[2](index=2&type=chunk) [Condensed Consolidated Financial Statements](index=2&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8) This section presents the condensed consolidated financial statements, including the income statement and balance sheet, reflecting the group's financial performance and position [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) For the six months ended June 30, 2025, group revenue increased by 7.7%, but a significant rise in cost of sales and services, sharp decline in gross profit, and various asset impairment provisions led to a net loss of RMB 38,575,000 for the period, with basic loss per share of RMB 0.074 | Metric | Six Months Ended June 30, 2025 (RMB '000) | Six Months Ended June 30, 2024 (RMB '000) | | :--- | :--- | :--- | | Revenue | 70,766 | 65,733 | | Cost of sales and services | (60,828) | (44,413) | | Gross profit | 9,938 | 21,320 | | Net other income | 3,027 | 4,210 | | Net impairment loss allowance for trade receivables | (616) | (560) | | Impairment loss allowance for property, plant and equipment | (4,868) | – | | Impairment loss allowance for intangible assets | (9,938) | – | | Impairment loss allowance for prepayments | (2,473) | – | | Research and development expenses | (10,201) | (9,034) | | Selling and distribution expenses | (6,946) | (4,222) | | Administrative expenses | (14,244) | (11,155) | | Finance costs | (386) | (130) | | (Loss)/Profit before tax | (36,707) | 429 | | Income tax | (1,868) | (24) | | (Loss)/Profit for the period attributable to owners of the Company | (38,575) | 405 | | Total comprehensive income for the period attributable to owners of the Company | (39,126) | 523 | | (Loss)/Earnings per share – basic and diluted | (RMB 0.074) | RMB 0.001 | [Condensed Consolidated Statement of Financial Position](index=3&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 net current assets and total equity both decreased, with total non-current assets slightly down and total current assets declining due to reduced inventories, trade receivables, and cash equivalents, while total current liabilities also decreased, but total non-current liabilities significantly increased due to a substantial rise in lease liabilities | Metric | June 30, 2025 (RMB '000) | December 31, 2024 (RMB '000) | | :--- | :--- | :--- | | **Non-current assets** | | | | Property, plant and equipment | 6,320 | 11,352 | | Intangible assets | 21,907 | 24,114 | | Total non-current assets | 77,953 | 79,235 | | **Current assets** | | | | Inventories | 31,867 | 33,730 | | Trade receivables | 46,211 | 67,349 | | Cash and cash equivalents | 169,589 | 172,352 | | Total current assets | 296,566 | 330,956 | | **Current liabilities** | | | | Trade payables | 12,945 | 17,963 | | Bank borrowings | 12,000 | 10,000 | | Total current liabilities | 34,562 | 38,609 | | **Non-current liabilities** | | | | Lease liabilities | 8,189 | 141 | | Total non-current liabilities | 8,296 | 795 | | **Equity** | | | | Net assets/Total equity | 331,661 | 370,787 | [Notes to the Condensed Consolidated Interim Financial Statements](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%E5%A0%B1%E8%A1%A8%E9%99%84%E8%A8%BB) This section provides detailed notes to the condensed consolidated interim financial statements, explaining the accounting policies, significant estimates, and other relevant financial information [General Information](index=5&type=section&id=1.%20%E4%B8%80%E8%88%AC%E8%B3%87%E6%96%99) Mega-Info Holdings Limited, incorporated in the Cayman Islands and listed on the Main Board of HKEX, primarily engages in investment holding, with its subsidiaries focusing on R&D, design, development, and sales of compatible printer consumable chips, and trading of integrated circuits and other printer consumable components - The Company was incorporated in the Cayman Islands on June 22, 2016, and listed on the Main Board of the Stock Exchange of Hong Kong[6](index=6&type=chunk) - The Group's principal activities are investment holding, and its subsidiaries are engaged in the research and development, design, development, and sales of compatible printer consumable chips, as well as the trading of integrated circuits and other printer consumable components[6](index=6&type=chunk) [Basis of Preparation](index=5&type=section&id=2.%20%E7%B7%A8%E8%A3%BD%E5%9F%BA%E6%BA%96) The condensed consolidated interim financial statements are prepared in accordance with HKAS 34 and HKEX Listing Rules, presented in RMB, and have been reviewed by BDO Limited - The condensed consolidated interim financial statements are prepared in accordance with Hong Kong Accounting Standard 34 and presented in RMB[7](index=7&type=chunk) - These statements are unaudited but have been reviewed by BDO Limited in accordance with Hong Kong Standard on Review Engagements 2410[8](index=8&type=chunk) [Changes in Accounting Policies](index=6&type=section&id=3.%20%E6%9C%83%E8%A8%88%E6%94%BF%E7%AD%96%E8%AE%8A%E5%8B%95) The Group has applied several revised HKFRSs, including amendments to HKAS 21 and HKFRS 1, but these changes have no significant impact on the condensed consolidated interim financial statements - The Group has applied several revised Hong Kong Financial Reporting Standards, including amendments to HKAS 21 and HKFRS 1[9](index=9&type=chunk) - These amendments have no significant impact on the condensed consolidated interim financial statements[12](index=12&type=chunk) [Revenue and Segment Reporting](index=7&type=section&id=4.%20%E6%94%B6%E5%85%A5%E5%8F%8A%E5%88%86%E9%83%A8%E5%A0%B1%E5%91%8A) The Group operates as a single operating segment with all revenue derived from customer contracts; for the six months ended June 30, 2025, chip sales revenue decreased, but trading of integrated circuits and other printer consumable components revenue significantly increased, with a notable rise in overseas customer revenue - The Group has identified one operating segment and no segment information is presented[13](index=13&type=chunk) | Product Category | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | Sales of chips | 35,484 | 60,443 | | Trading of integrated circuits and other printer consumable components | 35,282 | 5,290 | | **Total Revenue** | **70,766** | **65,733** | | External Revenue by Customer Location | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | China | 30,225 | 52,331 | | Overseas | 40,541 | 13,402 | | **Total Revenue** | **70,766** | **65,733** | | Non-current Assets by Asset Location | June 30, 2025 (RMB '000) | December 31, 2024 (RMB '000) | | :--- | :--- | :--- | | China | 32,639 | 29,511 | | Overseas | 620 | 923 | | **Total** | **33,259** | **30,434** | [Net Other Income](index=8&type=section&id=5.%20%E5%85%B6%E4%BB%96%E6%94%B6%E5%85%A5%E6%B7%A8%E9%A1%8D) For the six months ended June 30, 2025, the Group's net other income decreased to RMB 3,027,000, primarily due to reduced government grants and the absence of net exchange gains, but with new gains from derecognition of intangible assets | Net Other Income | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | Bank interest income | 1,920 | 2,074 | | Net exchange gains | – | 474 | | Government grants | 58 | 1,619 | | Gain on derecognition of intangible assets | 833 | – | | Miscellaneous income | 216 | 43 | | **Total** | **3,027** | **4,210** | - Government grants mainly include subsidies for the Group's innovation projects and VAT refunds[19](index=19&type=chunk) [(Loss)/Profit Before Tax](index=9&type=section&id=6.%20%E9%99%A4%E7%A8%85%E5%89%8D%EF%BC%88%E虧%E6%90%8D%EF%BC%89%E2%88%95%E5%88%A9%E6%BD%A4) For the six months ended June 30, 2025, the Group shifted from profit to a loss before tax of RMB 36,707,000, primarily impacted by increased cost of inventories sold, amortization of intangible assets, R&D expenses, and various asset impairment provisions | Item | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | Carrying amount of inventories sold | 54,138 | 39,256 | | Amortisation of intangible assets | 2,110 | 1,725 | | Depreciation of property, plant and equipment | 1,039 | 1,042 | | Depreciation of right-of-use assets | 1,425 | 788 | | Net impairment loss allowance for trade receivables | 616 | 560 | | Impairment loss allowance for property, plant and equipment | 1,586 | – | | Impairment loss allowance for right-of-use assets | 3,282 | – | | Impairment loss allowance for intangible assets | 9,938 | – | | Impairment loss allowance for prepayments | 2,473 | – | | Research and development expenses (non-staff costs) | 10,201 | 4,594 | | Staff costs | 8,557 | 12,193 | - The Group recognized impairment losses of **RMB 17,279,000** during the period due to intensified competition in the compatible printer consumable chip industry leading to lower gross profit margins[21](index=21&type=chunk) [Income Tax](index=10&type=section&id=7.%20%E6%89%80%E5%BE%97%E7%A8%85) For the six months ended June 30, 2025, the Group's income tax expense significantly increased to RMB 1,868,000, primarily due to the imposition of withholding tax, while its Chinese subsidiary, Zhuhai Mega-Info, enjoys a preferential income tax rate of 15% as a high-tech enterprise | Income Tax Item | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | PRC Enterprise Income Tax – current year | 114 | 42 | | PRC Enterprise Income Tax – prior years (over)/under provision | (106) | 46 | | Deferred tax – charged/(credited) to profit or loss during the period | 10 | (64) | | Deferred tax – withholding tax | 1,850 | – | | **Income Tax Expense** | **1,868** | **24** | - The increase in income tax expense was mainly due to the imposition of a withholding tax arising from dividends paid by Zhuhai Mega-Info to its direct holding company outside PRC, Hong Kong Mega-Info Technology Co., Limited[24](index=24&type=chunk)[55](index=55&type=chunk) - Zhuhai Mega-Info, a subsidiary of the Group, enjoys a preferential income tax rate of **15%** as a high-tech enterprise during the period[24](index=24&type=chunk) [Dividends](index=10&type=section&id=8.%20%E8%82%A1%E6%81%AF) The Board does not recommend any interim dividend for the six months ended June 30, 2025, following a final dividend of RMB 9,286,000 paid on June 28, 2024, for the year ended December 31, 2023 - The Board does not recommend the payment of any dividends for the six months ended June 30, 2025 and 2024[26](index=26&type=chunk) - On June 28, 2024, the Company paid a final dividend totaling **RMB 9,286,000** to owners for the year ended December 31, 2023[26](index=26&type=chunk) [Basic and Diluted (Loss)/Earnings Per Share](index=11&type=section&id=9.%20%E6%AF%8F%E8%82%A1%E5%9F%BA%E6%9C%AC%E5%8F%8A%E6%94%A4%E8%96%84%EF%BC%88%E虧%E6%90%8D%EF%BC%89%E2%88%95%E7%9B%88%20%E5%88%A9) For the six months ended June 30, 2025, the loss for the period attributable to owners of the Company was RMB 38,575,000, resulting in a basic and diluted loss per share of RMB 0.074, with diluted and basic earnings per share being the same due to the absence of potential dilutive ordinary shares | Metric | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | (Loss)/Profit for the period attributable to owners of the Company | (38,575) | 405 | | Weighted average number of ordinary shares ('000 shares) | 518,750 | 518,750 | | (Loss)/Earnings per share – basic and diluted | (RMB 0.074) | RMB 0.001 | - As there were no potential dilutive ordinary shares for the Group for the six months ended June 30, 2025 and 2024, the diluted and basic earnings per share were the same[28](index=28&type=chunk) [Trade Receivables](index=12&type=section&id=10.%20%E8%B2%A1%E6%98%93%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85) As of June 30, 2025, net trade receivables decreased to RMB 46,211,000, primarily due to reduced turnover in the compatible printer consumable chip business, with the Group offering credit terms of 30 to 120 days | Trade Receivables | June 30, 2025 (RMB '000) | December 31, 2024 (RMB '000) | | :--- | :--- | :--- | | Trade receivables | 50,958 | 71,477 | | Less: Loss allowance for trade receivables | (4,747) | (4,128) | | **Net** | **46,211** | **67,349** | - All trade receivables are expected to be recovered within one year, with credit terms ranging from **30 to 120 days**[29](index=29&type=chunk) | Ageing Analysis (by invoice date) | June 30, 2025 (RMB '000) | December 31, 2024 (RMB '000) | | :--- | :--- | :--- | | Within 90 days | 25,601 | 47,125 | | 91 to 180 days | 12,468 | 10,754 | | Over 180 days | 8,142 | 9,470 | | **Total** | **46,211** | **67,349** | [Trade Payables](index=13&type=section&id=11.%20%E8%B2%A1%E6%98%93%E6%87%89%E4%BB%98%E6%AC%BE%E9%A0%85) As of June 30, 2025, trade payables decreased to RMB 12,945,000, primarily due to reduced raw material purchases, with supplier credit terms typically ranging from 30 to 60 days | Trade Payables | June 30, 2025 (RMB '000) | December 31, 2024 (RMB '000) | | :--- | :--- | :--- | | Trade payables | 12,945 | 17,963 | - Credit terms granted by suppliers typically range from **30 to 60 days**[30](index=30&type=chunk) | Ageing Analysis (by invoice date) | June 30, 2025 (RMB '000) | December 31, 2024 (RMB '000) | | :--- | :--- | :--- | | Within 30 days | 6,813 | 13,686 | | 31 to 90 days | 4,265 | 1,759 | | Over 90 days | 1,867 | 2,518 | | **Total** | **12,945** | **17,963** | [Share Capital](index=13&type=section&id=12.%20%E8%82%A1%E6%9C%AC) As of June 30, 2025, the number and amount of the Company's issued and fully paid ordinary shares remained unchanged at 518,750,000 shares, totaling RMB 4,325,000 | Number of Shares ('000 shares) | Amount (RMB '000) | | :--- | :--- | | 518,750 | 4,325 | - As of June 30, 2025, the number and amount of issued and fully paid ordinary shares remained consistent with January 1, 2024, and December 31, 2024[32](index=32&type=chunk) [Management Discussion and Analysis](index=14&type=section&id=%E7%AE%A1%E7%90%86%E5%B1%A4%E8%A8%8E%E8%AB%96%E8%88%87%E5%88%86%E6%9E%90) This section provides a comprehensive review of the Group's business operations and financial performance, along with an outlook on future strategies and plans [Business Review](index=14&type=section&id=%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7) The Group primarily engages in R&D, design, development, and sales of compatible printer consumable chips and IoT-related chips, also providing trading services for integrated circuits and other printer consumable components, facing intense competition in the former and early market development in the latter, with online sales initiated to expand reach - The Group primarily engages in the research and development, design, development, and sales of compatible printer consumable chips (applied in desktop laser, inkjet, and commercial printers) and IoT-related chips (such as Hall sensors, power management ICs, and battery charging management ICs)[33](index=33&type=chunk) - The Group also engages in the trading of integrated circuits and other printer consumable components, and provides chip technology and design services[33](index=33&type=chunk) [Compatible Printer Consumable Chip Business](index=14&type=section&id=%E5%85%BC%E5%AE%B9%E6%89%93%E5%8D%B0%E6%A9%9F%E8%80%97%E6%9D%90%E8%8A%AF%E7%89%87%E6%A5%AD%E5%8B%99) The compatible printer consumable chip business faces intense competition, with sales volume increasing but average selling price dropping significantly by 56.7%, leading to narrower gross margins, and a notable decrease in new R&D chip numbers due to reduced new printer model development by manufacturers - Shipments in China's printer peripheral market decreased by **5.5%** year-on-year in the first half of 2025[34](index=34&type=chunk) | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Sales Volume ('000 units) | 7,673 | 7,136 | | Average Selling Price per Chip (RMB) | 3.5 | 8.1 | | YoY Change (Sales Volume) | +7.5% | | | YoY Change (Average Selling Price) | -56.7% | | | Number of Successfully Developed Chips | June 30, 2025 | June 30, 2024 | | :--- | :--- | :--- | | Desktop Laser Printers | 59 | 297 | | Desktop Inkjet Printers | 48 | 51 | | Commercial Printers | – | 45 | | **Total** | **107** | **393** | [IoT Chip Business](index=15&type=section&id=%E7%89%A9%E8%81%AF%E7%B6%B2%E8%8A%AF%E7%89%87%E6%A5%AD%E5%8B%99) The Group has developed various IoT chips and products, successfully launching 11 new products, and despite the vast market, this business is in its early stages of production and market development, yet to achieve economies of scale, prompting increased market promotion efforts - The Group has developed a series of IoT chips, including Hall sensor chips, power chips, and battery charging management integrated circuits, and provides IoT solutions[37](index=37&type=chunk) - During the period, **11 new IoT chips and products** were successfully developed, including **4 Low Dropout (LDO) regulator chips**, **3 Silicon Carbide Metal-Oxide-Semiconductor Field-Effect Transistors (SiCMOS)**, and **4 types of IoT smart hardware**[37](index=37&type=chunk) - While the IoT chip market is vast, the Group has just entered this market and is still in the early stages of production and market development, yet to achieve economies of scale[38](index=38&type=chunk) [Trading of Integrated Circuits and Other Printer Consumable Components](index=16&type=section&id=%E8%B2%B7%E8%B3%A3%E9%9B%86%E6%88%90%E9%9B%BB%E8%B7%AF%E5%8F%8A%E5%85%B6%E4%BB%96%E6%89%93%E5%8D%B0%E6%A9%9F%E8%80%97%E6%9D%90%E7%B5%84%E4%BB%B6) The Group trades integrated circuits and other printer consumable components as a complementary service to customers, and launched an online sales business in 2024, selling compatible printer cartridges, toners, and other consumables under the "Baolitong" brand - The Group engages in the trading of integrated circuits and other printer consumable components (including plastic parts and toners) as complementary services provided to customers[39](index=39&type=chunk) - The Group commenced online sales business in 2024, primarily selling compatible printer cartridges, toners, and other finished printer consumables under the "Baolitong" brand[39](index=39&type=chunk) [Financial Review](index=16&type=section&id=%E8%B2%A1%E5%8B%99%E5%9B%9E%E9%A1%A7) This period's financial performance shows that despite overall revenue growth, the Group shifted from profit to loss due to a significant decline in gross margin from compatible printer consumable chip business, coupled with increased asset impairment provisions, R&D, selling, and administrative expenses, resulting in reduced net current assets and total equity [Revenue](index=16&type=section&id=%E6%94%B6%E5%85%A5) For the six months ended June 30, 2025, the Group's overall revenue increased by 7.7% to RMB 70.8 million, with sales of compatible printer consumable chips significantly decreasing by 53.4%, while sales of other chips grew by 238.7%, and trading of integrated circuits and other printer consumable components surged by 566.9%, notably with online sales increasing by 60.6% | Product Category | 2025 (RMB '000) | % of Total Revenue | 2024 (RMB '000) | % of Total Revenue | | :--- | :--- | :--- | :--- | :--- | | Sales of compatible printer consumable chips | 26,993 | 38.1 | 57,935 | 88.2 | | Sales of other chips | 8,491 | 12.0 | 2,508 | 3.8 | | Trading of integrated circuits and other printer consumable components | 35,282 | 49.9 | 5,290 | 8.0 | | **Total** | **70,766** | **100** | **65,733** | **100** | - Revenue from sales of compatible printer consumable chips decreased by approximately **53.4%**, mainly due to lower sales revenue from laser printer chips and inkjet printer chips[42](index=42&type=chunk) - Sales of other chips increased by approximately **238.7%**, primarily due to increased sales of Metal-Oxide-Semiconductor Field-Effect Transistors (transistors used to control current)[43](index=43&type=chunk) - Revenue from trading of integrated circuits and other printer consumable components increased by approximately **566.9%**, mainly due to increased sales of compatible printer cartridges and printer consumable components, with online sales growing by **60.6%** to **RMB 3.7 million**[44](index=44&type=chunk) [Cost of Sales and Services](index=18&type=section&id=%E9%8A%B7%E5%94%AE%E5%8F%8A%E6%9C%8D%E5%8B%99%E6%88%90%E6%9C%AC) For the six months ended June 30, 2025, cost of sales and services increased to RMB 60.8 million, primarily driven by higher direct material costs due to increased sales of integrated circuits and other printer consumable components - Cost of sales and services increased from approximately **RMB 44.4 million** to approximately **RMB 60.8 million**[45](index=45&type=chunk) - The increase was mainly due to higher direct material costs driven by increased sales of integrated circuits and other printer consumable components[45](index=45&type=chunk) [Gross Profit and Gross Profit Margin](index=18&type=section&id=%E6%AF%9B%E5%88%A9%E5%8F%8A%E6%AF%9B%E5%88%A9%E7%8E%87) The Group's overall gross profit decreased by 53.4% to RMB 9.9 million, with the gross profit margin falling from 32.4% to 14.0%; while the compatible printer consumable chip business saw a significant decline in gross profit and margin, the other chip business improved, but the trading of integrated circuits and other printer consumable components experienced a margin decrease due to a higher proportion of low-margin products | Product Category | 2025 Gross Profit (RMB '000) | 2025 Gross Profit Margin (%) | 2024 Gross Profit (RMB '000) | 2024 Gross Profit Margin (%) | | :--- | :--- | :--- | :--- | :--- | | Sales of compatible printer consumable chips | 6,893 | 25.5 | 20,707 | 35.7 | | Sales of other chips | 1,321 | 15.6 | (117) | (4.7) | | Trading of integrated circuits and other printer consumable components | 1,724 | 4.9 | 730 | 13.8 | | **Total** | **9,938** | **14.0** | **21,320** | **32.4** | - Gross profit from compatible printer consumable chips decreased, mainly due to intense industry competition and sales of lower-margin chips for older printer models[47](index=47&type=chunk) - Gross profit margin for sales of other chips increased due to higher gross profit margins from new IoT chips and products, such as Metal-Oxide-Semiconductor Field-Effect Transistors and temperature and humidity meters[48](index=48&type=chunk) - Gross profit margin for trading of integrated circuits and other printer consumable components decreased, mainly due to a higher proportion of lower-margin printer consumable components in sales[49](index=49&type=chunk) [Net Other Income](index=19&type=section&id=%E5%85%B6%E4%BB%96%E6%94%B6%E5%85%A5%E6%B7%A8%E9%A1%8D) For the six months ended June 30, 2025, net other income decreased by 28.1% to RMB 3.0 million, primarily due to delayed government grants - Net other income decreased by approximately **28.1%** from approximately **RMB 4.2 million** to approximately **RMB 3.0 million**[50](index=50&type=chunk) - The decrease was mainly due to delayed government grants[50](index=50&type=chunk) [Impairment Loss Allowance for Assets](index=20&type=section&id=%E8%B3%87%E7%94%A2%E6%B8%9B%E5%80%BC%E虧%E6%90%8D%E6%92%A5%E5%82%99) Due to operating losses, the Group recognized impairment loss allowances for property, plant and equipment, intangible assets, and prepayments during the period, totaling approximately RMB 17.3 million | Impairment Loss Allowance Item | 2025 (RMB million) | | :--- | :--- | | Property, plant and equipment | 4.9 | | Intangible assets | 9.9 | | Prepayments | 2.5 | | **Total** | **17.3** | [Research and Development Expenses](index=20&type=section&id=%E7%A0%94%E7%99%BC%E9%96%8B%E6%94%AF) Research and development expenses increased by 12.9% to RMB 10.2 million, primarily due to the recognition of more R&D expenses upon completion of IoT projects - Research and development expenses increased by approximately **12.9%** from approximately **RMB 9.0 million** to approximately **RMB 10.2 million**[52](index=52&type=chunk) - The increase was mainly due to the recognition of more research and development expenses upon completion of IoT projects[52](index=52&type=chunk) [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) Selling and distribution expenses increased by 64.5% to RMB 6.9 million, primarily due to increased marketing activities and hiring of more marketing staff to strengthen new business developments such as IoT chips and online sales - Selling and distribution expenses increased by approximately **64.5%** from approximately **RMB 4.2 million** to approximately **RMB 6.9 million**[53](index=53&type=chunk) - The increase was mainly due to more marketing activities to strengthen the Group's new business developments, such as IoT chips and online sales, and the hiring of more marketing staff[53](index=53&type=chunk) [Administrative Expenses](index=20&type=section&id=%E8%A1%8C%E6%94%BF%E9%96%8B%E6%94%AF) Administrative expenses increased by 27.7% to RMB 14.2 million, primarily due to the change of China headquarters and the write-off of raw material costs - Administrative expenses increased by approximately **27.7%** from approximately **RMB 11.2 million** to approximately **RMB 14.2 million**[54](index=54&type=chunk) - The increase was mainly due to the change of China headquarters and the write-off of raw material costs[54](index=54&type=chunk) [Income Tax Expense](index=20&type=section&id=%E6%89%80%E5%BE%97%E7%A8%85%E9%96%8B%E6%94%AF) Income tax expense significantly increased by 7,683.3% to RMB 1.9 million, primarily due to the imposition of withholding tax arising from dividends paid by Zhuhai Mega-Info to its Hong Kong holding company - Income tax expense increased by approximately **7,683.3%** from approximately zero to approximately **RMB 1.9 million**[55](index=55&type=chunk) - The increase was due to the imposition of a withholding tax arising from dividends paid by Zhuhai Mega-Info to its direct holding company outside PRC, Hong Kong Mega-Info Technology Co., Limited[55](index=55&type=chunk) [Net Profit and Net Profit Margin](index=20&type=section&id=%E7%B4%94%E5%88%A9%E5%8F%8A%E7%B4%94%E5%88%A9%E7%8E%87) The Group recorded a net loss attributable to owners of the Company of approximately RMB 38.6 million for the period, with the net profit margin turning from 0.6% to negative 54.5%, primarily due to reduced gross profit from the compatible printer consumable chip business and increased other expenses - The Group recorded a net loss attributable to owners of the Company of approximately **RMB 38.6 million** for the period, compared to a net profit attributable to owners of the Company of approximately **RMB 0.4 million** in the corresponding period of 2024[56](index=56&type=chunk) - The net profit margin turned from **0.6%** for the six months ended June 30, 2024, to **negative 54.5%** for the period[56](index=56&type=chunk) - This was mainly due to reduced gross profit from the compatible printer consumable chip business and increased other expenses[56](index=56&type=chunk) [Net Current Assets](index=21&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E7%94%A2%E6%B7%A8%E5%80%BC) As of June 30, 2025, net current assets decreased to RMB 262.0 million, primarily due to reductions in inventories, trade receivables, bank deposits, and cash equivalents, despite a decrease in current liabilities | Metric | June 30, 2025 (RMB million) | December 31, 2024 (RMB million) | | :--- | :--- | :--- | | Net current assets | 262.0 | 292.3 | | Current assets | 296.6 | 331.0 | | Current liabilities | 34.6 | 38.6 | - The decrease in current assets was mainly due to reductions in inventories, trade receivables, bank deposits, and cash and cash equivalents[57](index=57&type=chunk) - The decrease in current liabilities was mainly due to reductions in trade payables, accrued expenses, and other payables[57](index=57&type=chunk) [Property, Plant and Equipment](index=21&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) The net book value of property, plant and equipment decreased from approximately RMB 11.4 million as of December 31, 2024, to approximately RMB 6.3 million as of June 30, 2025, despite an increase in right-of-use assets due to a new office lease | Metric | June 30, 2025 (RMB million) | December 31, 2024 (RMB million) | | :--- | :--- | :--- | | Net book value of property, plant and equipment | 6.3 | 11.4 | - The net book value of property, plant and equipment decreased, despite an increase in right-of-use assets due to the entering into of a new office lease[58](index=58&type=chunk) [Intangible Assets](index=21&type=section&id=%E7%84%A1%E5%BD%A2%E8%B3%87%E7%94%A2) The net book value of intangible assets decreased to RMB 21.9 million, primarily due to asset impairment provisions | Metric | June 30, 2025 (RMB million) | December 31, 2024 (RMB million) | | :--- | :--- | :--- | | Net book value of intangible assets | 21.9 | 24.1 | - The decrease was mainly due to asset impairment provisions[59](index=59&type=chunk) [Inventories](index=21&type=section&id=%E5%AD%98%E8%B2%A8) Inventories slightly decreased to RMB 31.9 million, primarily due to reducing inventory amounts to their estimated net realizable value | Metric | June 30, 2025 (RMB million) | December 31, 2024 (RMB million) | | :--- | :--- | :--- | | Inventories | 31.9 | 33.7 | - The decrease was mainly due to reducing inventory amounts to their estimated net realizable value[60](index=60&type=chunk) [Trade Receivables](index=21&type=section&id=%E8%B2%A1%E6%98%93%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85) Trade receivables decreased to RMB 46.2 million, primarily due to reduced turnover in the compatible printer consumable chip business | Metric | June 30, 2025 (RMB million) | December 31, 2024 (RMB million) | | :--- | :--- | :--- | | Trade receivables | 46.2 | 67.3 | - The decrease was mainly due to reduced turnover in the compatible printer consumable chip business[61](index=61&type=chunk) [Deposits, Prepayments and Other Receivables](index=21&type=section&id=%E6%8C%89%E9%87%91%E3%80%81%E9%A0%90%E4%BB%98%E6%AC%BE%E9%A0%85%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85) Deposits, prepayments, and other receivables increased to RMB 27.7 million, primarily due to prepayments for new office renovation | Metric | June 30, 2025 (RMB million) | December 31, 2024 (RMB million) | | :--- | :--- | :--- | | Deposits, prepayments and other receivables | 27.7 | 26.8 | - The increase was mainly due to prepayments for new office renovation[62](index=62&type=chunk) [Trade Payables](index=21&type=section&id=%E8%B2%A1%E6%98%93%E6%87%89%E4%BB%98%E6%AC%BE%E9%A0%85) Trade payables decreased to RMB 12.9 million, primarily due to reduced raw material purchases | Metric | June 30, 2025 (RMB million) | December 31, 2024 (RMB million) | | :--- | :--- | :--- | | Trade payables | 12.9 | 18.0 | - The decrease was mainly due to reduced raw material purchases[63](index=63&type=chunk) [Outlook and Future Plans](index=22&type=section&id=%E5%B1%95%E6%9C%9B%E5%8F%8A%E6%9C%AA%E4%BE%86%E8%A8%88%E5%8A%83) The Group anticipates an uncertain economic outlook and continued price pressure from intense competition in the compatible printer consumable chip industry, thus it will advance its IoT business development strategy, leverage R&D to expand its business footprint, and diversify sales platforms through online stores for overseas markets, with no significant investment or acquisition plans for capital assets as of June 30, 2025 - The pace of China's economic development, the Sino-US trade dispute, regional military conflicts, and interest rate trends are expected to continue to affect global economic development, indirectly impacting the demand for compatible printer consumable chips[65](index=65&type=chunk) - Excessive competition among compatible printer consumable chip manufacturers will continue to depress the selling prices of compatible printer consumable chips[65](index=65&type=chunk) - The Group will continue to promote its IoT business development strategy, leverage its R&D capabilities to expand its business footprint, and has established online stores to diversify its sales platforms and sell products overseas[66](index=66&type=chunk) - As of June 30, 2025, the Group had no plans for any significant investments or acquisitions of capital assets[67](index=67&type=chunk) [Other Financial Information](index=23&type=section&id=%E5%85%B6%E4%BB%96%E8%B2%A1%E5%8B%99%E8%B3%87%E6%96%99) This section covers additional financial details, including liquidity, capital structure, asset pledges, contingent liabilities, and human resources, offering a comprehensive view of the Group's financial health and operational aspects [Liquidity and Financial Resources](index=23&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 primarily funds its operations through cash generated from operations, debt financing, and proceeds from its listing; as of June 30, 2025, cash and cash equivalents and bank deposits decreased, as did net current assets and net assets, but the directors believe the Group has sufficient working capital for the next 12 months - The Group primarily funds its operations through cash generated from operations, debt financing, and proceeds from its listing[68](index=68&type=chunk) | Metric | June 30, 2025 (RMB million) | December 31, 2024 (RMB million) | | :--- | :--- | :--- | | Cash and cash equivalents | 169.6 | 172.4 | | Bank deposits | 60.0 | 70.0 | | Net current assets | 262.0 | 292.3 | | Net assets | 331.7 | 370.8 | - The Directors believe that the Group has sufficient working capital to meet its liquidity requirements for the current period and at least the next **12 months**[68](index=68&type=chunk) [Capital Structure](index=23&type=section&id=%E8%B3%87%E6%9C%AC%E7%B5%90%E6%A7%8B) As of June 30, 2025, the Group's total bank borrowings increased to RMB 12 million, and the gearing ratio rose to 3.6%, which, despite the increase, remains low, indicating a sound financial position | Metric | June 30, 2025 (RMB million) | December 31, 2024 (RMB million) | | :--- | :--- | :--- | | Total bank borrowings | 12.0 | 10.0 | | Gearing ratio | 3.6% | 2.7% | - Bank borrowings are denominated in RMB, interest-bearing, and unsecured, and the Group has not encountered any difficulties in utilizing its credit bank financing[69](index=69&type=chunk) - The increase in the gearing ratio was mainly due to the Group's increased bank borrowings for working capital needs during the period, but the low level of borrowings indicates a sound financial position[70](index=70&type=chunk) [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 had not pledged any of its assets - As of June 30, 2025, the Group had not pledged any of its assets[71](index=71&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 and 2024, the Group had no significant contingent liabilities - As of June 30, 2025 and 2024, the Group had no significant contingent liabilities[72](index=72&type=chunk) [Material Acquisitions and Disposals by the Group](index=24&type=section&id=%E6%9C%AC%E9%9B%86%E5%9C%98%E7%9A%84%E9%87%8D%E5%A4%A7%E6%94%B6%E8%B3%BC%E5%8F%8A%E5%87%BA%E5%94%AE) During the period, the Group did not undertake any material acquisitions or disposals of subsidiaries, associates, or joint ventures - During the period, the Group did not undertake any material acquisitions or disposals of subsidiaries, associates, or joint ventures[73](index=73&type=chunk) [Material Investments](index=24&type=section&id=%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B3%87) As of June 30, 2025, the Group did not hold any material investments - As of June 30, 2025, the Group did not hold any material investments[74](index=74&type=chunk) [Foreign Exchange Risk](index=24&type=section&id=%E5%A4%96%E5%8C%AF%E9%A2%A8%E9%9A%AA) Most of the Group's assets, liabilities, and cash flows are denominated in RMB, with some assets in USD or HKD, exposing it to exchange rate fluctuations between RMB and USD or HKD; no hedging activities were undertaken during the period, nor are any intended in the near future - Most of the Group's assets, liabilities, and cash flows are denominated in RMB, while some assets, such as cash and cash equivalents and trade receivables, are denominated in USD or HKD[75](index=75&type=chunk) - During the period, changes in the exchange rates of RMB against USD or HKD did not result in any significant translation impact[75](index=75&type=chunk) - During the period, the Group did not engage in any hedging activities, nor does it intend to do so in the near future[75](index=75&type=chunk) [Human Resources](index=24&type=section&id=%E4%BA%BA%E5%8A%9B%E8%B3%87%E6%BA%90) As of June 30, 2025, the Group had approximately 157 full-time employees and implements various HR policies, including onboarding and regular training, and incentivizes staff through remuneration, bonuses, pension schemes, and share option plans - As of June 30, 2025, the Group had approximately **157 full-time employees**, with **142 based in China** and **15 based in Taiwan and Hong Kong**[76](index=76&type=chunk) - The Group provides new employees with onboarding orientation and regular training, and has adopted a share option scheme as part of its incentive program[76](index=76&type=chunk) [Dividends](index=24&type=section&id=%E8%82%A1%E6%81%AF) The Board does not recommend the payment of any interim dividend for the six months ended June 30, 2025 - The Board does not recommend the payment of any interim dividend for the six months ended June 30, 2025[77](index=77&type=chunk) [Other Information](index=25&type=section&id=%E5%85%B6%E4%BB%96%E8%B3%87%E6%96%99) This section covers additional disclosures, including directors' and substantial shareholders' interests, share option schemes, corporate governance practices, and other relevant information [Disclosure of Interests](index=25&type=section&id=%E6%AC%8A%E7%9B%8A%E6%8A%AB%E9%9C%B2) As of June 30, 2025, Mr. Zheng and Mr. Lin, as directors and chief executives, held shares in the Company, while major shareholders including GMTL (wholly owned by Mr. Zheng), Zhonghao (wholly owned by Mr. Yu), and Mr. Lin held 10% or more interests in the Company | Director's Name | Capacity/Nature of Interest | Number of Shares (L) | Approximate % of Shareholding | | :--- | :--- | :--- | :--- | | Mr. Zheng | Interest of controlled corporation | 151,812,500 | 29.27% | | Mr. Lin | Beneficial owner | 86,250,000 | 16.63% | | Shareholder Name | Capacity/Nature of Interest | Number of Shares (L) | Approximate % of Shareholding | | :--- | :--- | :--- | :--- | | GMTL | Beneficial owner | 151,812,500 | 29.27% | | Mr. Zheng | Interest of controlled corporation | 151,812,500 | 29.27% | | Zhonghao | Beneficial owner | 97,500,000 | 18.80% | | Mr. Yu | Interest of controlled corporation | 97,500,000 | 18.80% | | Mr. Lin | Beneficial owner | 86,250,000 | 16.63% | [Share Option Scheme](index=27&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 February 26, 2021, to grant options to eligible persons to subscribe for shares, but no options have been granted under the scheme since its adoption - The Company conditionally adopted a share option scheme on February 26, 2021, to offer the grant of share options to eligible persons to subscribe for shares[83](index=83&type=chunk) - No share options have been granted by the Company under the share option scheme since its adoption[84](index=84&type=chunk) [Arrangements for Directors to Purchase Shares or Debentures](index=27&type=section&id=%E8%91%A3%E4%BA%8B%E8%B3%BC%E8%B2%B7%E8%82%A1%E4%BB%BD%E6%88%96%E5%82%B5%E6%AC%8A%E8%AD%89%E7%9A%84%E5%AE%89%E6%8E%92) During the period, no directors or their associates were granted or exercised any rights to acquire benefits by purchasing shares or debentures of the Company, nor did the Company enter into any such arrangements - During the period, no directors or their respective spouses or minor children were granted any rights to acquire benefits by purchasing shares or debentures of the Company, nor did they exercise such rights[85](index=85&type=chunk) - Neither the Company, its holding company, nor any of its subsidiaries entered into any arrangements that would enable directors to acquire benefits by purchasing shares or debt securities of the Company or any other corporation[85](index=85&type=chunk) [Interests of Directors and Substantial Shareholders in Competing Businesses](index=28&type=section&id=%E8%91%A3%E4%BA%8B%E8%88%87%E4%B8%BB%E8%A6%81%E8%82%A1%E6%9D%B1%E6%96%BC%E7%AB%B6%E7%88%AD%E6%AC%8A%E7%9B%8A%E7%9A%84%E6%AC%8A%E7%9B%8A) During the period, no directors or their close associates (other than members of the Group) disclosed any interests in businesses that compete or might directly or indirectly compete with the Group's business - During the period, no directors or their respective close associates (other than members of the Group) were required to disclose any interests in businesses that compete or might directly or indirectly compete with the Group's business under Rule 8.10 of the Listing Rules[86](index=86&type=chunk) [Sufficiency of Public Float](index=28&type=section&id=%E8%B6%B3%E5%A4%A0%E7%9A%84%E5%85%AC%E7%9C%BE%E6%8C%81%E8%82%A1%E9%87%8F) During the period, the Company maintained the public float as required by the Listing Rules - During the period, the Company maintained the public float as required by the Listing Rules[87](index=87&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) 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[88](index=88&type=chunk) [Going Concern](index=28&type=section&id=%E6%8C%81%E7%BA%8C%E7%B6%93%E7%87%9F) Based on its current financial position and available financing, the Group has sufficient financial resources to continue operating as a going concern for the foreseeable future, thus the financial statements have been prepared on a "going concern" basis - Based on its current financial position and available financing, the Group has sufficient financial resources to continue operating as a going concern for the foreseeable future[89](index=89&type=chunk) - The financial statements in this announcement have been prepared on a "going concern" basis[89](index=89&type=chunk) [Use of Net Proceeds from Listing](index=28&type=section&id=%E4%B8%8A%E5%B8%82%E6%89%80%E5%BE%97%E6%AC%BE%E9%A0%8D%E6%B7%A8%E9%A1%8D%E7%94%A8%E9%80%94) The Group received net proceeds of approximately RMB 98.5 million from its global offering; as of June 30, 2025, approximately RMB 30.5 million of unutilized net proceeds remained, with their expected utilization period extended and some uses changed to adapt to market conditions and business development strategies - The Group received net proceeds of approximately **HK$118 million** (approximately **RMB 98.5 million**) from its global offering and the exercise of the over-allotment option[90](index=90&type=chunk) - The unutilized net proceeds from the global offering as of December 31, 2024, amounted to approximately **HK$47.3 million**[91](index=91&type=chunk) | Intended Use of Net Proceeds from Global Offering | Allocation Disclosed in Prospectus (RMB million) | Revised Allocation of Unutilized Net Proceeds (RMB million) | Actual Amount Utilized as of June 30, 2025 (RMB million) | Unutilized Net Proceeds as of June 30, 2025 (RMB million) | | :--- | :--- | :--- | :--- | :--- | | Strengthening the Group's product development capabilities and product diversification | 50.7 | 9.5 | 9.0 | 0.5 | | Acquisition of integrated circuit design companies | 16.6 | – | – | – | | Expanding the compatible printer consumable industry footprint through forward vertical expansion | 16.6 | – | – | – | | Expanding the compatible printer consumable industry footprint through online channels | – | 30.3 | 3.3 | 27.0 | | Strengthening sales and marketing efforts | 2.5 | – | – | – | | Strengthening back-office functions | 2.5 | – | – | – | | General working capital | 9.9 | 4.0 | 1.0 | 3.0 | | **Total** | **98.5** | **43.8** | **13.3** | **30.5** | [Corporate Governance Practices](index=30&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E5%B8%B8%E8%A6%8F) The Board is committed to adhering to the Corporate Governance Code and has adopted various measures to enhance internal control systems, ongoing professional training for directors, and other standard practices, with the Company complying with the code provisions in Appendix C1 of the Listing Rules during the period - The Board is committed to adhering to the corporate governance principles set out in the Corporate Governance Code contained in Appendix C1 of the Listing Rules[93](index=93&type=chunk) - During the period, the Company complied with the code provisions set out in Appendix C1 of the Listing Rules[94](index=94&type=chunk) [Standard Code for Securities Transactions](index=30&type=section&id=%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 of Listed Issuers as set out in Appendix C3 of the Listing Rules, and all directors have confirmed full compliance with the code during the period - The Company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers as set out in Appendix C3 of the Listing Rules[95](index=95&type=chunk) - All Directors have confirmed that they have fully complied with the required dealing standards set out in the Model Code throughout the period[95](index=95&type=chunk) [Review by Audit Committee](index=31&type=section&id=%E7%B6%93%E5%AF%A9%E6%A0%B8%E5%A7%94%E5%93%A1%E6%9C%83%E5%AF%A9%E9%96%B1) The Audit Committee, established on February 26, 2021, and comprising three independent non-executive directors, has reviewed the Company's unaudited financial statements, interim results announcement, and interim report for the period, confirming that its accounting treatments comply with applicable standards and Listing Rules - The Audit Committee was established on February 26, 2021, with three members, all of whom are independent non-executive directors, and Mr. Li Wah Hung is the chairman[96](index=96&type=chunk) - The Audit Committee has reviewed the Company's unaudited financial statements, interim results announcement, and interim report for the period, and has confirmed that the accounting treatments adopted by the Company comply with applicable standards and Listing Rules[96](index=96&type=chunk) [Events After the Reporting Period](index=31&type=section&id=%E6%9C%89%E9%97%9C%E6%9C%9F%E9%96%93%E5%BE%8C%E7%9A%84%E4%BA%8B%E9%A0%85) There have been no significant events after the reporting period up to the date of this announcement - There have been no significant events after the reporting period up to the date of approval of this announcement[97](index=97&type=chunk) [Definitions](index=32&type=section&id=%E9%87%8B%E7%BE%A9) This section provides definitions for key terms and abbreviations used in this announcement to ensure readers have a clear understanding of the report's content