Core Viewpoint - The company reported a significant increase in revenue and profit for the six months ending June 30, 2025, indicating strong financial performance and growth potential in the new materials sector [1] Financial Performance - The company achieved a revenue of 70.281 million, representing a year-on-year increase of 27.96% [1] - The profit attributable to the company's owners was 8.359 million, reflecting a year-on-year increase of 24.3% [1] - Earnings per share were reported at 0.016 yuan [1]

Introduction [Company Information and GEM Characteristics](index=1&type=section&id=Company%20Information%20and%20GEM%20Characteristics) This announcement by China Shuifa Xingye New Materials Holding Co., Ltd. discloses the unaudited interim results for the six months ended June 30, 2025, with the company listed on the GEM board, which targets small and medium-sized companies and carries higher investment risks and market volatility - The company is China Shuifa Xingye New Materials Holding Co., Ltd., stock code **8073**, incorporated in Bermuda[2](index=2&type=chunk) - The GEM market provides a listing platform for small and medium-sized companies, entailing higher investment risks and potential for significant market volatility[2](index=2&type=chunk) [Interim Results Announcement](index=2&type=section&id=Interim%20Results%20Announcement) The Board is pleased to announce the unaudited consolidated interim results of the Company and its subsidiaries for the six months ended June 30, 2025 - The announcement covers the unaudited consolidated interim results for the six months ended June 30, 2025[3](index=3&type=chunk) Financial Highlights [Key Financial Indicators](index=2&type=section&id=Key%20Financial%20Indicators) For the six months ended June 30, 2025, the company's revenue increased by 28.0%, gross profit by 37.9%, profit before tax by 88.2%, and profit for the period by 48.9%, with improvements in both gross profit margin and net profit margin Six-Month Financial Summary | Indicator | 2025 (RMB thousands) | 2022 (RMB thousands) | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | 70,281 | 54,923 | +28.0% | | Gross Profit | 29,098 | 21,094 | +37.9% | | Profit Before Tax | 11,976 | 6,364 | +88.2% | | Profit for the Period | 8,882 | 5,965 | +48.9% | | Gross Profit Margin | 41.4% | 38.4% | +3.0pp | | Net Profit Margin | 12.6% | 10.9% | +1.7pp | | Earnings Per Share – Basic and Diluted | RMB 0.016 | RMB 0.013 | +23.1% | Condensed Consolidated Statement of Comprehensive Income [Statement of Comprehensive Income Details](index=3&type=section&id=Statement%20of%20Comprehensive%20Income%20Details) For the six months ended June 30, 2025, the company's revenue was RMB 70,281 thousands, cost of sales was RMB 41,183 thousands, and gross profit was RMB 29,098 thousands, with other income, gains and losses significantly increasing and income tax expense significantly rising Condensed Consolidated Statement of Comprehensive Income (For the six months ended June 30) | Indicator | 2025 (RMB thousands) | 2022 (RMB thousands) | | :--- | :--- | :--- | | Revenue | 70,281 | 54,923 | | Cost of Sales | (41,183) | (33,829) | | Gross Profit | 29,098 | 21,094 | | Other Income, Gains and Losses | 2,030 | 1,016 | | Selling and Distribution Expenses | (2,059) | (2,007) | | Administrative Expenses | (12,506) | (10,207) | | Finance Costs | (489) | (1,006) | | Impairment Loss on Trade Receivables | (4,098) | (2,526) | | Profit Before Tax | 11,976 | 6,364 | | Income Tax Expense | (3,094) | (399) | | Profit for the Period | 8,882 | 5,965 | | Total Comprehensive Income for the Period | 9,583 | 6,915 | - Profit attributable to owners of the Company increased from **RMB 6.725 million** in 2024 to **RMB 8.359 million** in 2025[8](index=8&type=chunk) [Earnings Per Share](index=4&type=section&id=Earnings%20Per%20Share) For the six months ended June 30, 2025, basic and diluted earnings per share were RMB 0.016, an increase from RMB 0.013 in the prior year period Earnings Per Share (For the six months ended June 30) | Indicator | 2025 | 2022 | | :--- | :--- | :--- | | Basic and Diluted Earnings Per Share | RMB 0.016 | RMB 0.013 | Condensed Consolidated Statement of Financial Position [Statement of Financial Position Details](index=5&type=section&id=Statement%20of%20Financial%20Position%20Details) As of June 30, 2025, the company's total non-current assets slightly decreased, total current assets remained stable, and total current liabilities decreased, leading to an increase in both net current assets and total assets less current liabilities, with total equity growing to RMB 183,703 thousands Condensed Consolidated Statement of Financial Position (As of June 30) | Indicator | June 30, 2025 (RMB thousands) | December 31, 2024 (RMB thousands) | | :--- | :--- | :--- | | **Non-Current Assets** | | | | Property, Plant and Equipment | 60,058 | 61,622 | | Total Non-Current Assets | 84,900 | 85,286 | | **Current Assets** | | | | Inventories | 29,461 | 25,620 | | Trade and Bills Receivables | 86,516 | 70,906 | | Cash and Cash Equivalents | 6,625 | 49,969 | | Total Current Assets | 172,597 | 172,050 | | **Current Liabilities** | | | | Trade Payables | 37,851 | 26,432 | | Short-Term Borrowings | 5,000 | 30,000 | | Total Current Liabilities | 72,430 | 80,871 | | Net Current Assets | 100,167 | 91,179 | | Total Assets Less Current Liabilities | 185,067 | 176,465 | | **Total Equity** | 183,703 | 173,262 | Notes to the Financial Statements [Basis of Presentation](index=7&type=section&id=Basis%20of%20Presentation) The condensed consolidated financial statements are prepared in accordance with International Accounting Standard 34 and the GEM Listing Rules, adopting the going concern basis of accounting - The financial statements are prepared in accordance with International Accounting Standard 34 and the GEM Listing Rules, adopting the going concern basis of accounting[13](index=13&type=chunk) [Accounting Policies](index=7&type=section&id=Accounting%20Policies) The condensed consolidated financial statements are prepared on a historical cost basis, with certain equity investments and financial assets measured at fair value and presented in RMB, and the first-time application of IFRS amendments had no significant impact this period - The financial statements are prepared on a historical cost basis, with certain assets measured at fair value, and presented in RMB[14](index=14&type=chunk) - First-time application of amendments to International Financial Reporting Standards (IAS 21 amendments) had no significant impact on financial position and performance[15](index=15&type=chunk) [Revenue and Segment Information](index=8&type=section&id=Revenue%20and%20Segment%20Information) The Group's revenue primarily derives from the sale of ITO conductive films, smart dimming products, and LED display and projection systems, considered a single reportable segment, with smart dimming product sales revenue significantly increasing by 39.5% while ITO conductive film sales revenue decreased by 11.0% - The Group's main business is the sale of ITO conductive films, smart dimming products, and LED display and projection systems, considered a single operating segment[16](index=16&type=chunk) Classified Revenue Information (For the six months ended June 30) | Category of Goods or Services | 2025 (RMB thousands) | 2022 (RMB thousands) | YoY Change | | :--- | :--- | :--- | :--- | | Sale of ITO Conductive Films | 8,101 | 9,062 | -11.0% | | Sale and Installation of Smart Dimming Products | 55,780 | 39,966 | +39.5% | | Sale of Other Products | 6,400 | 5,895 | +8.6% | | Total Revenue from Customer Contracts | 70,281 | 54,923 | +28.0% | [Income Tax Expense](index=8&type=section&id=Income%20Tax%20Expense) For the six months ended June 30, 2025, income tax expense significantly increased to RMB 3,094 thousands, primarily due to the recognition of current tax in Mainland China Income Tax Expense (For the six months ended June 30) | Indicator | 2025 (RMB thousands) | 2022 (RMB thousands) | | :--- | :--- | :--- | | Current Tax – Mainland China | 3,065 | – | | Deferred Tax | 29 | 399 | | Total Income Tax Expense | 3,094 | 399 | [Dividend Policy](index=8&type=section&id=Dividend%20Policy) The Board does not recommend paying any interim dividend for the six months ended June 30, 2025, consistent with the same period last year - The Board does not recommend paying an interim dividend for the six months ended June 30, 2025 (2024: nil)[19](index=19&type=chunk) [Earnings

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].