Group 1 - The company expects a net profit increase of 30% to 50% for the six months ending June 30, 2025, compared to approximately RMB 5.97 million for the six months ending June 30, 2024 [1] - The primary reasons for this expected increase are ongoing cost reduction and efficiency improvement measures, such as enhancing energy efficiency, optimizing equipment, and lowering procurement costs [1] - Additionally, a reduction in impairment loss provisions is anticipated due to the termination of comprehensive accounting for a poorly performing non-wholly-owned subsidiary [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 杜鵬 香港，二零二五年八月十二日 China Shuifa Singyes New Materials Holdings Limited 8073 董事會會議召開日期 中國水發興業新材料控股有限公司（「本公司」）之董事（「董事」）會（「董事會」）宣佈，本公 司擬將於二零二五年八月二十六日（星期二）舉行董事會會議，藉以（其中包括）省覽及批 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中期業績、考慮宣派中期 股息（如有），以及處理其他事項。 承董事會命 中國水發興業新材料控股有限公司 主席 於本公告日期，本公司執行董事為杜鵬先生（主席）、張超先生及朱緒平先生；本公司非 執行董事為周青先生；及本公司獨立非執行董事為潘建麗女士、張宇模先生及李玲博 士。 本公告乃遵照香港聯合交易所有限公司（「聯交所」）GEM證券上市規則之規定提供有關本 公司之資料，董事願就本公告共同及個別地承擔全部責任。董事經作出一切 ...

Core Viewpoint - The company anticipates a net profit increase of 30% to 50% for the six months ending June 30, 2025, compared to a net profit of approximately RMB 5.97 million for the same period ending June 30, 2024 [1] Group 1 - The expected increase in net profit is primarily attributed to ongoing cost reduction and efficiency enhancement measures, including improved energy efficiency, equipment optimization, and reduced procurement costs [1] - A decrease in impairment loss provisions is also a contributing factor, resulting from the termination of consolidation for a poorly performing non-wholly owned subsidiary [1]

Core Viewpoint - The company, Shandong Water Development Industry New Materials (08073), anticipates a net profit increase of approximately 30% to 50% for the six months ending June 30, 2025, compared to the net profit of approximately RMB 5.97 million for the six months ending June 30, 2024 [1] Summary by Relevant Categories Financial Performance - The expected net profit for the upcoming period is projected to be between RMB 7.76 million and RMB 8.96 million, reflecting a significant increase from the previous period's net profit of RMB 5.97 million [1] Operational Efficiency - The anticipated increase in net profit is attributed to ongoing cost reduction and efficiency enhancement measures, which include improving energy efficiency, optimizing equipment, and reducing procurement costs [1] Asset Management - A reduction in impairment loss provisions is also a contributing factor to the expected profit increase, primarily due to the termination of consolidation for a poorly performing non-wholly owned subsidiary [1]

Core Viewpoint - Water Development Industry New Materials (08073) expects a net profit increase of approximately 30% to 50% for the six months ending June 30, 2025, compared to a net profit of approximately RMB 5.97 million for the six months ending June 30, 2024 [1] Group 1 - The anticipated increase in net profit is primarily attributed to ongoing cost reduction and efficiency enhancement measures [1] - These measures include improving energy efficiency, optimizing equipment, and reducing procurement costs [1] - Additionally, a decrease in impairment loss provisions is noted, resulting from the termination of consolidation for a poorly performing non-wholly owned subsidiary [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 China Shuifa Singyes New Materials Holdings Limited 8073 正面盈利預告 本公告乃由中國水發興業新材料控股有限公司（「本公司」）及其附屬公司（統稱「本集團」） 根據香港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」）第17.10條及香港法 例第571章證券及期貨條例第XIVA部內幕消息條文（定義見GEM上市規則）作出。 本公司董事（「董事」）會（「董事會」）謹此通知本公司股東（「股東」）及潛在投資者，根據對 本集團截至二零二五年六月三十日止六個月之未經審核綜合管理賬目的初步評估，預期 本集團於截至二零二五年六月三十日止六個月錄得的淨溢利較截至二零二四年六月三十 日止六個月之淨溢利約人民幣5.97百萬元增加30%至50%。 基於現時可得資料，董事會認為上述預期淨溢利增加乃主要由於以下原因：(i)本集團持 續採取的降本增效措施，包括提升能耗效率 ...

| 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) | 08073 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | USD | | 0.01 | USD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 10,000,000,000 | USD | | 0.01 | USD | | 100,000,000 | 致：香港交易及結算所有限公司 公司名稱: 中國水發興業新材料控股有限公司 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 本月底法定/註冊股本總額： USD 100,000,000 第 1 頁 共 10 頁 v 1.1.1 股份發行人及根據《上市規則》第 ...

Financial Performance - For the year ended December 31, 2024, the Group's revenue was approximately RMB 109.3 million, representing a year-on-year increase of 28.0%[17]. - The revenue from Smart PDLC products was approximately RMB 79.6 million, maintaining a leading market share position in the PRC[18]. - In 2024, the revenue from Smart PDLC products was approximately RMB 79.6 million, representing an increase of approximately RMB 30.7 million or 62.8% compared to RMB 48.9 million in 2023[31]. - Revenue from ITO film sales was approximately RMB 23.0 million for the year ended December 31, 2024, a decrease of approximately RMB 3.9 million or 14.5% from RMB 26.9 million in 2023[30]. - The Group recorded a profit attributable to owners of approximately RMB 11.4 million for the year ended December 31, 2024, compared to a loss of approximately RMB 39.8 million for the same period in 2023[35]. - The Group's revenue increased by approximately 28.0% compared to the same period in 2023[35]. - The Group's revenue from other products was approximately RMB 6.7 million for the year ended December 31, 2024, a decrease of approximately RMB 2.5 million from RMB 9.2 million in 2023[34]. - Gross profit increased by approximately RMB20.1 million or 89.3%, from approximately RMB22.5 million for the year ended December 31, 2023, to approximately RMB42.6 million for the year ended December 31, 2024[43]. - Gross profit margin increased from approximately 26.3% for the year ended December 31, 2023, to approximately 38.9% for the same period in 2024[43]. Cost Management - The Group effectively reduced production costs by changing the operation model and improving production techniques across all areas of operations[19]. - Cost of sales was approximately RMB66.7 million for the year ended December 31, 2024, reflecting an increase of approximately RMB3.8 million or 6.0% from approximately RMB62.9 million for the same period in 2023[42]. - Selling and distribution expenses were approximately RMB3.9 million for the year ended December 31, 2024, accounting for approximately 3.6% of revenue, down from approximately 5.7% for the same period in 2023[44]. - Administrative expenses were approximately RMB24.6 million for the year ended December 31, 2024, representing an increase of approximately RMB3.3 million or 15.5% from approximately RMB21.3 million for the same period in 2023[45]. Innovation and Development - The Group obtained 8 authorized patents in 2024, including 3 invention patents and 5 utility models, bringing the total to over 100 valid patents[24]. - The Group's technological innovations and standard formulations have laid a solid foundation for future development[24]. - The Group's Smart PDLC products are primarily sold to construction companies and contractors, indicating a strong market focus[33]. Market Conditions - The domestic market has begun to recover slightly, but the pace remains slow, impacting overall sales performance[29]. - The production of motor vehicle films continued to expand, with the Group officially joining the supplier system of well-known automotive glass manufacturers[20]. Financial Position and Borrowings - As of December 31, 2024, the Group had short-term borrowings of RMB30.0 million and no long-term borrowings[50]. - Gearing ratio as of December 31, 2024, was approximately 49.2%, stable compared to approximately 54.9% as of December 31, 2023[52]. - The Group recognized approximately RMB2.5 million as impairment losses on overdue trade receivables during the year ended December 31, 2024[63]. - As of December 31, 2024, the Group recognized an expected credit loss (ECL) of approximately RMB 2.5 million for trade receivables, primarily related to overdue balances exceeding three years[68][78]. Corporate Governance - The Board has complied with GEM Listing Rules, maintaining at least three independent non-executive Directors, representing more than one-third of the Board[104]. - Each independent non-executive Director has provided an annual confirmation of independence, and the Nomination Committee has assessed their independence[105]. - The roles of Chairman and Chief Executive Officer are held by different individuals, ensuring compliance with corporate governance standards[110]. - The Board encourages open expression of views among Directors during meetings, promoting transparency and accountability[112]. - The Audit Committee held four meetings during the year ended December 31, 2024, to review the Group's quarterly, interim, and annual financial results[123]. Shareholder Communication - The Company maintains a transparent and timely disclosure policy to keep shareholders informed of business performance and strategies[158]. - The annual general meeting provides a platform for direct dialogue between the Board and shareholders[159]. - The Company has adopted a shareholders' communication policy to maintain effective communication channels, including general meetings and the Company's website[171]. - The Company ensures that registered shareholders are notified by post of the AGM[171]. Management Team - Mr. Zhang Chao has over 16 years of experience in the curtain wall engineering sector and holds a patent for smart photovoltaic controller hubs[187]. - Mr. Zhu Xuping became the Chief Financial Officer in March 2023, having extensive experience in financial management across various subsidiaries[188]. - Ms. Pan Jianli has over 20 years of experience in accounting and financing and is currently the chairperson of the Audit Committee[194].

Financial Performance - The company's revenue for the year ended December 31, 2024, was RMB 109,271,000, representing a 28.1% increase from RMB 85,353,000 in 2023[6] - Gross profit for the same period was RMB 42,561,000, with a gross margin of 38.9%, up from RMB 22,485,000 and a gross margin of 26.3% in the previous year[6] - The company reported a profit attributable to owners of RMB 11,372,000, compared to a loss of RMB 39,779,000 in 2023[6] - The pre-tax profit for the year was RMB 12,180,000, a significant recovery from a loss of RMB 50,836,000 in the prior year[6] - The total comprehensive income for the year was RMB 11,410,000, compared to a loss of RMB 42,367,000 in 2023[8] - The basic loss per share for the fiscal year 2024 was RMB 11.37 million, compared to a loss of RMB 39.78 million in 2023, reflecting an improvement in financial performance[29] - The company recorded a profit attributable to owners of approximately RMB 11.4 million for the year ended December 31, 2024, compared to a loss of approximately RMB 39.8 million for the same period in 2023[37] Revenue Breakdown - For the fiscal year ending December 31, 2024, the company's revenue from ITO conductive film was approximately RMB 22.97 million, a decrease of about RMB 3.9 million or 14.5% compared to RMB 26.91 million in the same period of 2023[34] - The total revenue from customer contracts for the fiscal year 2024 was RMB 109.27 million, an increase from RMB 85.35 million in 2023, representing a growth of approximately 28.0%[25] - Revenue from smart dimming products for the fiscal year 2024 was RMB 79.57 million, up from RMB 48.94 million in 2023, indicating a significant increase of approximately 62.5%[25] - Smart dimming product sales revenue for the year ended December 31, 2024, was approximately RMB 79.6 million, an increase of about RMB 30.7 million or approximately 62.8% compared to RMB 48.9 million for the same period in 2023[35] - Total revenue for the year ended December 31, 2024, was approximately RMB 109.3 million, an increase of about RMB 23.9 million or approximately 28.0% compared to RMB 85.4 million for the same period in 2023[39] Assets and Liabilities - Current assets increased to RMB 172,050,000 from RMB 157,725,000, while current liabilities rose to RMB 80,871,000 from RMB 65,979,000[12] - The company's net assets increased to RMB 173,262,000 from RMB 161,852,000 year-over-year[14] - Inventory levels increased to RMB 25,620,000 from RMB 15,697,000, indicating a potential expansion in production or sales[12] - Trade receivables aged within three months amounted to RMB 24.85 million for the fiscal year 2024, a decrease from RMB 27.68 million in 2023[31] - Trade payables aged within six months were RMB 14.78 million for the fiscal year 2024, down from RMB 16.88 million in 2023[32] Expenses and Financial Management - Administrative expenses for the year ended December 31, 2024, were approximately RMB 24.6 million, an increase of about RMB 3.3 million or approximately 15.5% compared to RMB 21.3 million for the same period in 2023[43] - The company reported a total tax expense of RMB 1.20 million for the fiscal year 2024, compared to a tax credit of RMB 8.48 million in 2023[27] - The company confirmed a trade receivables impairment loss of approximately RMB 2.5 million for the year ended December 31, 2024, primarily related to overdue balances over three years[54] - The expected credit loss provision for trade receivables is estimated at approximately RMB 2.5 million as of December 31, 2024[60] Shareholder Information - Major shareholder China Water Development Industry Group holds a 62.37% stake in the company[69] - Water Development Group (Hong Kong) holds approximately 66.92% and 7.17% of the issued share capital of Water Development Industry, representing 1,687,008,585 shares and 180,755,472 shares respectively[70] - As of December 31, 2024, AMATA Limited is beneficially owned by four individuals with ownership percentages of 39%, 27%, 20%, and 14% respectively[71] - The total number of issued shares for Water Development Industry as of December 31, 2024, is 2,521,081,780 shares[77] Future Outlook and Strategy - The company plans to maintain a cautious approach in expanding production lines and developing R&D projects to meet future expected demand[38] - The business strategy has been adjusted to slow down operations to mitigate short-term risks and volatility due to market conditions[66] Dividend and Financial Reporting - The company does not recommend a final dividend for the fiscal year ending December 31, 2024, following no dividend declared for the previous year[28] - The company does not recommend the payment of a final dividend for the year 2023, with actual dividend payments dependent on the group's performance and overall economic conditions[67] - The company has not applied any new international financial reporting standards that have been issued but are not yet effective, indicating a cautious approach to accounting changes[20] - The company anticipates that the application of new international financial reporting standards will not have a significant impact on its consolidated financial statements in the foreseeable future[22] Corporate Governance - The company has adopted a code of conduct for securities transactions by directors, which complies with GEM Listing Rules[80] - The audit committee has reviewed the financial statements for the year ended December 31, 2024, and confirmed compliance with applicable accounting principles[81] - The company has not disclosed any significant events affecting the group from December 31, 2024, to the date of this announcement[78] - The chairman of the company is Du Peng, and the executive directors include Zhang Chao and Zhu Xuping[84] - The annual results announcement is available on the Hong Kong Stock Exchange website and the company's website[84]

Financial Performance - The company reported revenue of RMB 54,923,000 for the six months ended June 30, 2024, representing a 63.5% increase from RMB 33,573,000 in the same period of 2023[2]. - Gross profit for the same period was RMB 21,094,000, with a gross margin of 38.4%, compared to RMB 7,875,000 and a gross margin of 23.5% in 2023[2]. - The company achieved a profit before tax of RMB 6,364,000, a significant turnaround from a loss of RMB 4,118,000 in the previous year[3]. - Net profit for the period was RMB 5,965,000, compared to a loss of RMB 2,958,000 in the same period last year[2]. - Basic and diluted earnings per share were RMB 0.013, compared to a loss per share of RMB 0.006 in 2023[3]. - The company reported a profit attributable to equity holders of RMB 6.7 million for the six months ended June 30, 2024, compared to a loss of RMB 3.0 million for the same period in 2023[16]. Assets and Liabilities - Total assets as of June 30, 2024, were RMB 171,976,000, a decrease from RMB 183,287,000 as of December 31, 2023[4]. - Current liabilities increased to RMB 88,946,000 from RMB 65,979,000 at the end of 2023, primarily due to an increase in short-term borrowings[4]. - The company reported a significant increase in inventory, rising to RMB 25,556,000 from RMB 15,697,000 in the previous year[4]. - Trade receivables at the end of the reporting period amounted to RMB 70.5 million, a decrease from RMB 82.2 million at the end of December 2023[13]. - Trade payables at the end of the reporting period totaled RMB 35.0 million, an increase from RMB 28.9 million at the end of December 2023[14]. - As of June 30, 2024, the company had outstanding bank loans of approximately RMB 40.4 million, with future liquidity needs expected to be met through operational cash flow and bank borrowings[23]. Revenue Breakdown - For the six months ended June 30, 2024, total revenue was RMB 54.9 million, an increase of RMB 21.3 million or 63.4% compared to RMB 33.6 million for the same period in 2023, primarily driven by increased sales of smart dimming products[18]. - Sales revenue from smart dimming products reached RMB 40.0 million, a significant increase of RMB 24.1 million or 150% compared to RMB 15.9 million in the same period last year[15]. - Sales revenue from ITO conductive film was RMB 9.1 million, a decrease of RMB 4.4 million or 32.6% from RMB 13.5 million in the same period last year[15]. Expenses - The cost of sales for the six months ended June 30, 2024, was RMB 33.8 million, an increase of RMB 8.1 million or 31.5% compared to RMB 25.7 million for the same period in 2023, reflecting increased sales volume[19]. - Sales and distribution expenses decreased by RMB 0.4 million or 16.7% to RMB 2.0 million, representing 3.6% of revenue compared to 7.1% in the same period of 2023[21]. - Administrative expenses increased by approximately RMB 0.9 million or 9.7% to RMB 10.2 million, accounting for 18.6% of revenue, down from 27.6% in the same period of 2023[22]. Strategic Focus and Investments - The company continues to focus on its core business segments, including sales of ITO conductive films and smart dimming products, without reporting separate segments[8]. - The company plans to continue expanding the application areas of dimming films and will closely monitor economic changes to maintain a prudent strategy[17]. - The company aims to enhance its competitiveness by investing significant resources into R&D, including identifying new materials and applications[17]. - Capital expenditures for the six months ending June 30, 2024, were RMB 1.687 million, down from RMB 2.614 million in the same period of 2023[24]. Shareholder Information - The major shareholder, China Water Industry Group, holds a 62.37% stake in the company, amounting to 324,324,325 shares[42]. - The company has issued a total of 520,000,000 shares as of June 30, 2024, with a significant shareholder holding 229,000 shares, representing approximately 0.009% of the total registered capital[44]. Compliance and Governance - The company has confirmed compliance with the non-competition agreement established by its controlling shareholder, ensuring no competitive business interests exist as of June 30, 2024[46]. - The company has adopted a code of conduct for securities trading by directors, in line with GEM listing rules, and all directors have confirmed adherence during the reporting period[48]. - The audit committee, established on July 21, 2017, has reviewed the financial reporting process and confirmed compliance with applicable accounting principles for the six months ending June 30, 2024[52]. Dividends and Future Plans - The company does not recommend the payment of an interim dividend for the six months ended June 30, 2024, and no final dividend was declared for the year ended December 31, 2023[11]. - The company does not recommend a mid-term dividend for the six months ending June 30, 2024[40]. - The company is continuously evaluating its business strategy to adapt to changing market conditions for sustainable growth[39]. Other Information - The company has no significant contingent liabilities or pledged deposits as of June 30, 2024[27][28]. - The company continues to monitor foreign exchange risks and will use hedging tools as necessary to manage these risks[30]. - No significant acquisitions or disposals of subsidiaries or joint ventures occurred during the six months ending June 30, 2024[29]. - No significant events affecting the company have occurred between June 30, 2024, and the announcement date[49]. - The company has not redeemed, purchased, or sold any of its listed securities during the six months ending June 30, 2024[50]. - The company has changed its English name to "China Shuifa Singyes New Materials Holdings Limited" effective June 28, 2024, and its stock trading abbreviation to "SFSY NEW MAT" effective July 31, 2024[51].