GENES TECH GROUP HOLDINGS COMPANY LIMITED 靖 洋 集 團 控 股 有 限 公 司 (Incorporated in Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock Code 股份代號：8257) NOTIFICATION LETTER 通知信函 Dear Non-Registered Shareholder(s) (Note 1) 28 August 2025 , Genes Tech Group Holdings Company Limited (the "Company") — Notification of publication of 2025 Interim Report (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's web ...

(Incorporated in Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock Code 股份代號：8257) NOTIFICATION LETTER 通知信函 GENES TECH GROUP HOLDINGS COMPANY LIMITED 靖 洋 集 團 控 股 有 限 公 司 28 August 2025 Dear Registered Shareholders, Genes Tech Group Holdings Company Limited (the "Company") — Notice of publication of 2025 Interim Report (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at www.genest ...

香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公司帶有較高投資風險。 有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市的公司通常為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之證券承受較大的市場波 動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確 表示概不就因本報告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定而提供有關靖洋集團控股有限公司（「本公司」）及 其附屬公司（統稱「本集團」）的資料。本公司之董事（「董事」）願共同及個別就本報告負全責，並在作出一切合理查 詢後確認，就彼等所深知及確信，本報告所載資料在各重大方面均屬準確完備，且並無誤導或欺詐成分；亦無遺 漏其他事項，以致本報告所載任何陳述或本報告產生誤導。 本報告以環保紙印刷 目錄 公司資料 3 管理層討論及分 ...

Report Introduction [Disclaimer](index=1&type=section&id=%E5%85%8D%E8%B2%AC%E8%81%B2%E6%98%8E) The Hong Kong Stock Exchange and HKEX are not responsible for the content of this announcement, make no statement as to its accuracy or completeness, and expressly disclaim liability for any losses arising from its content - The Hong Kong Stock Exchange and HKEX are not responsible for the content of this announcement, nor do they make any statement as to its accuracy or completeness[1](index=1&type=chunk) - They expressly disclaim any liability for any loss arising from or in reliance upon the whole or any part of the contents of this announcement[1](index=1&type=chunk) [Company and GEM Listing Characteristics](index=1&type=section&id=%E5%85%AC%E5%8F%B8%E5%8F%8AGEM%E4%B8%8A%E5%B8%82%E7%89%B9%E8%89%B2) Genes Tech Group Holdings Limited (stock code: 8257) announced its interim results for the six months ended June 30, 2025, noting its Cayman Islands incorporation and GEM listing for SMEs carries higher investment risks - Genes Tech Group Holdings Limited (stock code: **8257**) published its interim results announcement for the six months ended June 30, 2025[2](index=2&type=chunk) - The company is incorporated in the Cayman Islands and listed on GEM of The Stock Exchange of Hong Kong Limited (the "Stock Exchange")[2](index=2&type=chunk) - GEM is positioned as a listing platform for small and medium-sized enterprises, and such companies carry higher investment risks, so investors should understand the potential risks and make prudent decisions[2](index=2&type=chunk) Financial Statements [Condensed Consolidated Interim Statement of Comprehensive Income](index=2&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E4%B8%AD%E6%9C%9F%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) For the six months ended June 30, 2025, revenue increased by **9.4%** to **NT$585.31 million**, gross profit rose by **28.98%** to **NT$201.97 million**, and profit attributable to owners surged by **25.84%** to **NT$48.70 million**, with basic earnings per share at **NT$4.87 cents** Condensed Consolidated Interim Statement of Comprehensive Income (For the six months ended June 30) | Indicator | 2025 (NT$ thousand) | 2024 (NT$ thousand) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 585,306 | 535,007 | 9.40% | | Cost of sales | (383,332) | (378,421) | 1.30% | | Gross profit | 201,974 | 156,586 | 28.98% | | Other income | 2 | 2,863 | -99.93% | | Other (losses) / gains, net | (28,470) | 9,985 | -385.06% | | Selling and distribution expenses | (16,655) | (25,537) | -34.78% | | General and administrative expenses | (77,587) | (71,008) | 9.26% | | Finance income | 694 | 638 | 8.78% | | Finance costs | (8,200) | (9,835) | -16.63% | | Profit before income tax | 71,758 | 63,692 | 12.66% | | Income tax expense | (23,059) | (24,989) | -7.72% | | Profit for the period attributable to owners of the Company | 48,699 | 38,703 | 25.84% | | Exchange differences | 19,539 | (7,403) | -364.00% | | Total comprehensive income for the period attributable to owners of the Company | 68,238 | 31,300 | 118.02% | | Basic and diluted earnings per share (NT$ cents) | 4.87 | 3.87 | 25.84% | [Condensed Consolidated Interim Statement of Financial Position](index=3&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E4%B8%AD%E6%9C%9F%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) As of June 30, 2025, total assets were **NT$2,444.50 million**, a slight decrease from December 31, 2024, with total equity increasing to **NT$888.72 million** and total liabilities rising to **NT$1,667.45 million** Condensed Consolidated Interim Statement of Financial Position (As of June 30) | Indicator | June 30, 2025 (NT$ thousand) | December 31, 2024 (NT$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | | **ASSETS** | | | | | Non-current assets | 461,126 | 452,141 | 1.99% | | Current assets | 1,992,363 | 2,095,038 | -4.90% | | **TOTAL ASSETS** | **2,444,504** | **2,556,164** | **-4.37%** | | **EQUITY** | | | | | Share capital | 38,815 | 38,815 | 0.00% | | Reserves | 849,900 | 781,662 | 8.73% | | **TOTAL EQUITY** | **888,715** | **820,477** | **8.32%** | | **LIABILITIES** | | | | | Non-current liabilities | 127,031 | 138,648 | -8.38% | | Current liabilities | 1,540,418 | 1,485,379 | 3.71% | | **TOTAL LIABILITIES** | **1,667,449** | **1,624,027** | **2.67%** | | **TOTAL EQUITY AND LIABILITIES** | **2,556,164** | **2,444,504** | **4.57%** | [Condensed Consolidated Interim Statement of Changes in Equity](index=5&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E4%B8%AD%E6%9C%9F%E6%AC%8A%E7%9B%8A%E8%AE%8A%E5%8B%95%E8%A1%A8) For the six months ended June 30, 2025, total equity increased from approximately **NT$820.48 million** to approximately **NT$888.72 million**, primarily due to **NT$48.70 million** in profit for the period and **NT$19.54 million** in other comprehensive income (exchange differences) Condensed Consolidated Interim Statement of Changes in Equity (For the six months ended June 30) | Indicator | June 30, 2025 (NT$ thousand) | January 1, 2025 (NT$ thousand) | Change (NT$ thousand) | | :--- | :--- | :--- | :--- | | Share capital | 38,815 | 38,815 | 0 | | Share premium | 146,571 | 146,571 | 0 | | Statutory reserve | 184,971 | 169,644 | 15,327 | | Other reserves | 182,226 | 182,226 | 0 | | Exchange reserve | (3,786) | (23,325) | 19,539 | | Retained earnings | 339,918 | 306,546 | 33,372 | | **TOTAL EQUITY** | **888,715** | **820,477** | **68,238** | - Profit for the period was **NT$48,699 thousand**, and other comprehensive income (exchange differences) was **NT$19,539 thousand**[8](index=8&type=chunk) [Condensed Consolidated Interim Statement of Cash Flows](index=6&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E4%B8%AD%E6%9C%9F%E7%8F%BE%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) For the six months ended June 30, 2025, net cash from operating activities was **NT$53.05 million**, net cash used in investing activities was **NT$3.36 million**, and net cash used in financing activities was **NT$57.94 million**, with cash and cash equivalents at period-end totaling **NT$205.58 million** Condensed Consolidated Interim Statement of Cash Flows (For the six months ended June 30) | Indicator | 2025 (NT$ thousand) | 2024 (NT$ thousand) | Change (NT$ thousand) | | :--- | :--- | :--- | :--- | | Net cash from operating activities | 53,050 | (11,602) | 64,652 | | Net cash used in investing activities | (3,359) | (1,470) | -1,889 | | Net cash used in financing activities | (57,944) | (11,182) | -46,762 | | Net decrease in cash and cash equivalents | (8,253) | (24,254) | 16,001 | | Cash and cash equivalents at beginning of period | 194,292 | 150,739 | 43,553 | | Effect of foreign exchange rate changes | 19,538 | (7,401) | 26,939 | | Cash and cash equivalents at end of period | 205,577 | 119,084 | 86,493 | Notes to the Financial Statements [General Information](index=7&type=section&id=%E4%B8%80%E8%88%AC%E8%B3%87%E6%96%99) The company is an investment holding company primarily providing turnkey solutions and trading semiconductor manufacturing equipment and parts, registered in the Cayman Islands with main operations in Taiwan, listed on HKEX GEM, and reports in NT$ thousands - The Company is an investment holding company, and its subsidiaries are principally engaged in the provision of turnkey solutions and trading of parts and used semiconductor manufacturing equipment[11](index=11&type=chunk) - The Company's ultimate parent company and ultimate controlling party is Chia Chien Development Limited, and the ultimate controlling individual is Mr. Yang Ming-Hsiang[11](index=11&type=chunk) - The principal place of business of the Group is located in Hsinchu County, Zhubei City, Taiwan, and it is listed on GEM of The Stock Exchange of Hong Kong Limited[11](index=11&type=chunk)[12](index=12&type=chunk) [Company Profile](index=7&type=section&id=%E5%85%AC%E5%8F%B8%E6%A6%82%E6%B3%81) Genes Tech Group Holdings Limited is an investment holding company whose subsidiaries provide turnkey solutions and trade parts and used semiconductor manufacturing equipment, registered in the Cayman Islands with primary operations in Taiwan and listed on HKEX GEM - The Company is an investment holding company, and its subsidiaries are principally engaged in the provision of turnkey solutions and trading of parts and used semiconductor manufacturing equipment[11](index=11&type=chunk) - The Company was incorporated in the Cayman Islands with its registered office at Cricket Square[11](index=11&type=chunk) - The principal place of business of the Group is located at No. 80, Baotai 3rd Road, Zhubei City, Hsinchu County, Taiwan[11](index=11&type=chunk) [Principal Subsidiaries](index=7&type=section&id=%E4%B8%BB%E8%A6%81%E9%99%84%E5%B1%AC%E5%85%AC%E5%8F%B8) The company holds several direct and indirect wholly-owned subsidiaries, including Genes Tech (Hong Kong), Jili International, Jiafeng, Genes Tech (Taiwan), Chongjun Technology, Shanghai Jinghuan Technology, and GENES TECH U.S.A. INC., covering investment holding, turnkey solutions, trading of parts and used semiconductor equipment, and heating tape manufacturing across Hong Kong, Anguilla, Taiwan, China, and the USA Overview of Principal Subsidiaries | Subsidiary Name | Place and Date of Incorporation | Principal Business and Place of Operation | | :--- | :--- | :--- | | Genes Tech (Hong Kong) Co., Ltd. | Hong Kong, April 13, 2018 | Investment holding, Hong Kong | | Jili International Limited | Hong Kong, March 26, 2018 | Investment holding, Hong Kong | | Jiafeng Limited | Anguilla, April 28, 2016 | Investment holding, Anguilla | | Genes Tech Co., Ltd. | Taiwan, December 28, 2009 | Provision of turnkey solutions and trading of parts and used semiconductor manufacturing equipment, Taiwan | | Chongjun Technology Co., Ltd. | Taiwan, July 27, 2009 | Manufacturing and sale of heating tapes, Taiwan | | Shanghai Jinghuan Technology Co., Ltd. | China, May 12, 2020 | Provision of turnkey solutions and trading of parts and used semiconductor manufacturing equipment, China | | GENES TECH U.S.A. INC. | Arizona, November 11, 2024 | Provision of semiconductor turnkey solutions | - All listed subsidiaries are **100%** beneficially owned by the Company[13](index=13&type=chunk)[14](index=14&type=chunk) [Basis of Preparation](index=8&type=section&id=%E7%B7%A8%E8%A3%BD%E5%9F%BA%E6%BA%96) The condensed consolidated interim financial information is prepared in accordance with HKAS 34 and GEM Listing Rules, to be read with the 2024 annual financial statements, with the company assessing new standards and income tax accrued at the expected annual effective rate - The condensed consolidated interim financial information has been prepared in accordance with Hong Kong Accounting Standard **34** "Interim Financial Reporting" issued by the Hong Kong Institute of Certified Public Accountants and the applicable disclosure provisions of the GEM Listing Rules[15](index=15&type=chunk) - The Group is assessing the impact of new standards, amendments to standards, and interpretations that have been issued but are not yet effective and have not been early adopted in prior accounting periods, on the Group's results and financial position[15](index=15&type=chunk) - Income tax for the six-month period is accrued using the tax rate that would be applicable to the expected total annual profit or loss[16](index=16&type=chunk) [Significant Accounting Policies](index=9&type=section&id=%E9%87%8D%E5%A4%A7%E6%9C%83%E8%A8%88%E6%94%BF%E7%AD%96) Significant accounting policies used for interim financial information are consistent with the 2024 annual consolidated financial statements, with no material impact from new standard amendments effective January 1, 2025 - The significant accounting policies adopted in the preparation of these unaudited condensed consolidated interim financial information are consistent with those followed in the preparation of the Group's consolidated financial statements for the year ended December 31, 2024[17](index=17&type=chunk) - The Group has adopted and applied the amendments to standards and interpretations effective for accounting periods beginning on January 1, 2025, including amendments to HKFRS 7, HKFRS 5, HKAS 16, HKAS 1, and HKFRS 17[17](index=17&type=chunk)[18](index=18&type=chunk) - The adoption of these amendments to standards and interpretations has had no material impact on the Group's consolidated results and financial position[17](index=17&type=chunk) [Estimates](index=9&type=section&id=%E4%BC%B0%E8%A8%88) Preparation of condensed consolidated interim financial information involves management judgments, estimates, and assumptions regarding accounting policies and reported amounts, with actual results potentially differing, and key judgments and uncertainties remain similar to the 2024 annual financial statements - The preparation of the condensed consolidated interim financial information requires management to make judgments, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income, and expenses[19](index=19&type=chunk) - Actual results may differ from these estimates[19](index=19&type=chunk) - The significant judgments made by management in applying the Group's accounting policies and the key sources of estimation uncertainty were the same as those applied to the consolidated financial statements for the year ended December 31, 2024[19](index=19&type=chunk) [Financial Risk Management](index=9&type=section&id=%E8%B2%A1%E5%8B%99%E9%A2%A8%E9%9A%AA%E7%AE%A1%E7%90%86) The Group faces market (foreign exchange, interest rate), credit, and liquidity risks, with no changes in risk management since December 31, 2024, and monitors capital using a gearing ratio of **38.77%** as of June 30, 2025, an improvement from **48.45%** - The Group's operations are exposed to various financial risks: market risk (including foreign exchange risk and cash flow and fair value interest rate risk), credit risk, and liquidity risk[20](index=20&type=chunk) - There have been no changes in the risk management arrangements and policies since December 31, 2024[21](index=21&type=chunk) - The Group monitors capital on the basis of the gearing ratio, which is calculated as net debt divided by total equity, and as of June 30, 2025, the Group's gearing ratio was approximately **38.77%** (December 31, 2024: approximately **48.45%**)[23](index=23&type=chunk) [Financial Risk Factors](index=9&type=section&id=%E8%B2%A1%E5%8B%99%E9%A2%A8%E9%9A%AA%E5%9B%A0%E7%B4%A0) The Group's operations are exposed to market risks (foreign exchange, cash flow, and fair value interest rate risks), credit risk, and liquidity risk, with no changes in risk management arrangements or policies since December 31, 2024 - The Group's operations are exposed to market risk (including foreign exchange risk and cash flow and fair value interest rate risk), credit risk, and liquidity risk[20](index=20&type=chunk) - The condensed consolidated interim financial information does not include all financial risk management information and disclosures required in the annual financial statements and should be read in conjunction with the Group's annual financial statements as of December 31, 2024[20](index=20&type=chunk) - There have been no changes in the risk management arrangements and policies since December 31, 2024[21](index=21&type=chunk) [Capital Management](index=10&type=section&id=%E8%B3%87%E6%9C%AC%E7%AE%A1%E7%90%86) The Group's primary capital management objectives are ensuring going concern, maintaining sound capital ratios, and maximizing shareholder value, monitoring capital with a gearing ratio of approximately **38.77%** as of June 30, 2025, down from **48.45%** - The Group's primary objectives of capital management are to ensure the Group's ability to continue as a going concern and to maintain a sound capital ratio to support its business operations and maximize shareholder value[22](index=22&type=chunk) - The Group monitors capital on the basis of the gearing ratio, which is calculated as net debt divided by total equity[23](index=23&type=chunk) - As of June 30, 2025, the Group's gearing ratio was approximately **38.77%** (December 31, 2024: approximately **48.45%**)[23](index=23&type=chunk) [Fair Value Estimation](index=10&type=section&id=%E5%85%AC%E5%B9%B3%E5%80%BC%E4%BC%B0%E8%A8%88) The carrying amounts of the Group's current financial assets and liabilities approximate their fair values due to short maturities, and non-current deposits, lease liabilities, and bank borrowings also have carrying amounts similar to their fair values estimated using discounted cash flows - The carrying amounts of the Group's current financial assets and current financial liabilities approximate their fair values due to their short maturities[24](index=24&type=chunk) - The carrying amounts of non-current deposits, lease liabilities, and bank borrowings approximate their fair values, which are estimated based on discounted cash flows[24](index=24&type=chunk) [Offsetting Financial Assets and Liabilities](index=10&type=section&id=%E6%8A%B5%E9%8A%B7%E9%87%91%E8%9E%8D%E8%B3%87%E7%94%A2%E5%8F%8A%E9%87%91%E8%9E%8D%E8%B2%A0%E5%82%B5) The Group has no financial assets or liabilities subject to offsetting, enforceable master netting arrangements, or similar agreements - The Group has no financial assets and financial liabilities subject to offsetting, enforceable master netting arrangements, and similar agreements[25](index=25&type=chunk) [Revenue and Segment Information](index=11&type=section&id=%E6%94%B6%E5%85%A5%E5%8F%8A%E5%88%86%E9%83%A8%E8%B3%87%E6%96%99) The Group treats providing turnkey solutions and trading parts and used semiconductor manufacturing equipment as a single operating segment, with total revenue of **NT$585.31 million** for the six months ended June 30, 2025, primarily from Taiwan and the USA, and **Customer A** contributing **67.88%** of total revenue - The Group regards the aggregate revenue and operating results generated from the provision of turnkey solutions and trading of parts and used semiconductor manufacturing equipment as a single operating segment[26](index=26&type=chunk) Revenue Streams (For the six months ended June 30) | Revenue Category | 2025 (NT$ thousand) | 2024 (NT$ thousand) | Proportion of Total Revenue (2025) | | :--- | :--- | :--- | :--- | | Provision of turnkey solutions | 113,690 | 226,597 | 19.42% | | Trading of parts and used semiconductor manufacturing equipment | 471,616 | 308,410 | 80.58% | | **Total Revenue** | **585,306** | **535,007** | **100.00%** | Geographical Segment Revenue (For the six months ended June 30) | Region | 2025 (NT$ thousand) | 2024 (NT$ thousand) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Taiwan | 290,847 | 195,244 | 48.97% | | United States | 226,407 | 126,809 | 78.54% | | China | 60,526 | 85,243 | -28.99% | | Singapore | 6,502 | 74,427 | -91.26% | | Japan | 777 | 52,393 | -98.52% | | Germany | 247 | 354 | -30.23% | | South Korea | - | 537 | -100.00% | | **Total** | **585,306** | **535,007** | **9.40%** | [Major Customer Information](index=12&type=section&id=%E4%B8%BB%E8%A6%81%E5%AE%A2%E6%88%B6%E8%B3%87%E6%96%99) As of June 30, 2025, **Customer A** contributed **NT$397.32 million**, representing **67.88%** of the Group's total revenue, a **77.52%** increase from the prior year, with **Customer B** also contributing over **10%** Major Customer Revenue Contribution (For the six months ended June 30) | Customer | 2025 (NT$ thousand) | 2024 (NT$ thousand) | 2025 Proportion of Total Revenue | | :--- | :--- | :--- | :--- | | Customer A | 397,317 | 223,819 | 67.88% | | Customer B | 70,557 | * | 12.05% | | Customer C | * | 58,105 | * | - Revenue from **Customer A** increased by **77.52%** from **NT$223,819 thousand** in 2024 to **NT$397,317 thousand** in 2025[31](index=31&type=chunk) - In 2025, **Customer B** contributed over **10%** of the Group's total revenue, while in 2024, **Customer C** contributed over **10%**[31](index=31&type=chunk) [Expenses by Nature](index=12&type=section&id=%E6%8C%89%E6%80%A7%E8%B3%AA%E5%8A%83%E5%88%86%E7%9A%84%E9%96%8B%E6%94%AF) For the six months ended June 30, 2025, the Group's total expenses were **NT$477.57 million**, a slight increase from the prior period, with employee benefit expenses rising by **14.02%** to **NT$144.29 million**, while travel expenses significantly decreased by **50.46%** Expenses by Nature (For the six months ended June 30) | Expense Category | 2025 (NT$ thousand) | 2024 (NT$ thousand) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Auditor's remuneration — audit services | 5,964 | 6,013 | -0.81% | | Auditor's remuneration — non-audit services | - | 120 | -100.00% | | Cost of materials used | 240,693 | 254,768 | -5.52% | | Amortisation of intangible assets | 4,652 | 6,282 | -25.95% | | Depreciation of property, plant and equipment | 8,149 | 8,557 | -4.77% | | Depreciation of right-of-use assets | 8,867 | 6,186 | 43.33% | | Research expenses | 611 | 672 | -9.08% | | Net provision for warranty | 7,810 | 3,762 | 107.60% | | Commission | 2,895 | 6,953 | -58.37% | | Employee benefit expenses | 144,289 | 126,550 | 14.02% | | Professional fees | 3,635 | 5,731 | -36.58% | | Short-term lease related expenses | 2,134 | 1,935 | 10.28% | | Transportation expenses | 5,078 | 5,302 | -4.22% | | Travel expenses | 5,997 | 12,106 | -50.46% | | Insurance expenses | 13,763 | 13,024 | 5.67% | | Entertainment expenses | 3,917 | 2,375 | 65.77% | | Utilities expenses | 2,167 | 1,865 | 16.19% | | Others | 16,953 | 12,765 | 32.82% | | **Total** | **477,574** | **474,966** | **0.55%** | [Income Tax Expense](index=13&type=section&id=%E6%89%80%E5%BE%97%E7%A8%85%E9%96%8B%E6%94%AF) For the six months ended June 30, 2025, income tax expense was **NT$23.06 million**, a decrease from **NT$24.99 million** in the prior period, with the estimated average annual tax rate remaining at approximately **23.6%** Income Tax Expense (For the six months ended June 30) | Indicator | 2025 (NT$ thousand) | 2024 (NT$ thousand) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Income tax expense | 23,059 | 24,989 | -7.72% | | Estimated average annual tax rate | 23.6% | 23.6% | 0.00% | - Income tax is recognized based on management's estimate of the weighted average annual income tax rate expected for the entire financial year[33](index=33&type=chunk) [Earnings Per Share](index=13&type=section&id=%E6%AF%8F%E8%82%A1%E7%9B%88%E5%88%A9) For the six months ended June 30, 2025, basic earnings per share increased by **25.84%** to **NT$4.87 cents** from **NT$3.87 cents** in the prior period, with diluted earnings per share being the same due to no potential dilutive ordinary shares Earnings Per Share (For the six months ended June 30) | Indicator | 2025 | 2024 | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Profit attributable to owners of the Company (NT$ thousand) | 48,699 | 38,703 | 25.84% | | Weighted average number of ordinary shares outstanding (thousand shares) | 1,000,000 | 1,000,000 | 0.00% | | Basic earnings per share (NT$ cents) | 4.87 | 3.87 | 25.84% | - Diluted earnings per share is the same as basic earnings per share as there were no potential dilutive ordinary shares during these periods[36](index=36&type=chunk) [Basic Earnings Per Share](index=13&type=section&id=%E5%9F%BA%E6%9C%AC%E6%AF%8F%E8%82%A1%E7%9B%88%E5%88%A9) Basic earnings per share for the six months ended June 30, 2025, was **NT$4.87 cents**, calculated based on profit attributable to owners of **NT$48.70 million** and a weighted average of **1,000,000,000** shares outstanding - Basic earnings per share is calculated based on the profit for the period attributable to owners of the Company of approximately **NT$48,699,000** (2024: approximately **NT$38,703,000**)[34](index=34&type=chunk) - The weighted average number of ordinary shares outstanding during the period was **1,000,000,000** shares (2024: **1,000,000,000** shares)[34](index=34&type=chunk) - Basic earnings per share was **NT$4.87 cents** (2024: **NT$3.87 cents**)[35](index=35&type=chunk) [Diluted Earnings Per Share](index=13&type=section&id=%E6%94%A4%E8%96%84%E6%AF%8F%E8%82%A1%E7%9B%88%E5%88%A9) Diluted earnings per share is identical to basic earnings per share for the six months ended June 30, 2025, as there were no potential dilutive ordinary shares during the period - As there were no potential dilutive ordinary shares during these periods, diluted earnings per share is the same as basic earnings per share[36](index=36&type=chunk) [Property, Plant and Equipment and Intangible Assets](index=14&type=section&id=%E7%89%A9%E6%A5%AD%E3%80%81%E5%BB%A0%E6%88%BF%E5%8F%8A%E8%A8%AD%E5%82%99%E4%BB%A5%E5%8F%8A%E7%84%A1%E5%BD%A2%E8%B3%87%E7%94%A2) For the six months ended June 30, 2025, the Group acquired leasehold improvements of approximately **NT$450 thousand** and office equipment of approximately **NT$453 thousand**, with new intangible assets of approximately **NT$289 thousand**, and no construction in progress expenses - For the six months ended June 30, 2025, the Group acquired leasehold improvements at a cost of approximately **NT$450,000** (2024: **NT$129,000**)[38](index=38&type=chunk) - Office equipment of approximately **NT$453,000** was acquired (2024: approximately **NT$1,140,000**)[38](index=38&type=chunk) - New intangible assets of approximately **NT$289,000** were added (2024: approximately **NT$590,000**)[38](index=38&type=chunk) [Trade Receivables](index=14&type=section&id=%E8%B2%A3%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 **NT$190.74 million** from **NT$208.58 million** on December 31, 2024, with credit terms of **30 to 90 days** and an impairment loss provision of **NT$5.01 million** Trade Receivables Analysis (As of June 30) | Indicator | June 30, 2025 (NT$ thousand) | December 31, 2024 (NT$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Trade receivables | 195,746 | 213,590 | -8.36% | | Less: Impairment provision | (5,011) | (5,011) | 0.00% | | **Net** | **190,735** | **208,579** | **-8.65%** | - The Group normally grants credit periods ranging from **30 to 90 days** (December 31, 2024: **30 to 90 days**) to its major customers[39](index=39&type=chunk) - As of June 30, 2025, an impairment loss provision of **NT$5,011,000** was made (December 31, 2024: **NT$5,011,000**)[42](index=42&type=chunk) [Trade Receivables Analysis](index=14&type=section&id=%E8%B2%A3%E6%98%93%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85%E5%88%86%E6%9E%90) As of June 30, 2025, gross trade receivables totaled **NT$195.75 million**, with an impairment provision of **NT$5.01 million**, resulting in a net of **NT$190.74 million**, and the Group grants **30 to 90-day** credit terms to major customers, applying a simplified approach for expected credit losses Trade Receivables Analysis (As of June 30) | Indicator | June 30, 2025 (NT$ thousand) | December 31, 2024 (NT$ thousand) | | :--- | :--- | :--- | | Trade receivables | 195,746 | 213,590 | | Less: Impairment provision | (5,011) | (5,011) | | **Net** | **190,735** | **208,579** | - The Group normally grants credit periods ranging from **30 to 90 days** (December 31, 2024: **30 to 90 days**) to its major customers[39](index=39&type=chunk) - The Group applies the simplified approach under HKFRS 9 to measure expected credit losses, which requires the use of a lifetime expected loss allowance for all trade receivables[40](index=40&type=chunk) [Ageing Analysis](index=14&type=section&id=%E8%B3%AC%E9%BD%A1%E5%88%86%E6%9E%90) As of June 30, 2025, trade receivables aged **0 to 30 days** constituted the largest portion at **NT$129.81 million**, while receivables over **1 year** increased to **NT$17.16 million**, with management deeming no additional impairment necessary due to no significant change in credit quality Ageing Analysis of Trade Receivables (As of June 30) | Ageing | June 30, 2025 (NT$ thousand) | December 31, 2024 (NT$ thousand) | | :--- | :--- | :--- | | 0 to 30 days | 129,812 | 151,404 | | 31 to 90 days | 26,726 | 26,879 | | 91 to 180 days | 13,779 | 6,276 | | 181 to 365 days | 3,257 | 17,092 | | Over 1 year | 17,161 | 6,928 | | **Total** | **190,735** | **208,579** | - Management, based on past credit history and considering current and forward-looking information, believes that no impairment provision is necessary for these balances due to no significant change in credit quality[42](index=42&type=chunk) [Trade and Other Payables](index=15&type=section&id=%E8%B2%A3%E6%98%93%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E4%BB%98%E6%AC%BE%E9%A0%85) As of June 30, 2025, total trade and other payables decreased by **24.15%** to **NT$225.60 million** from **NT$297.68 million** on December 31, 2024, primarily due to a **35.11%** reduction in trade payables to **NT$127.66 million** Trade and Other Payables (As of June 30) | Category | June 30, 2025 (NT$ thousand) | December 31, 2024 (NT$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Trade payables | 127,659 | 196,740 | -35.11% | | Other payables | 923 | 983 | -6.10% | | Accrued expenses | 82,217 | 82,284 | -0.08% | | Warranty provision | 14,798 | 17,671 | -16.26% | | **Total** | **225,597** | **297,678** | **-24.15%** | [Trade Payables Analysis](index=15&type=section&id=%E8%B2%A3%E6%98%93%E6%87%89%E4%BB%98%E6%AC%BE%E9%A0%85%E5%88%86%E6%9E%90) As of June 30, 2025, trade payables were **NT$127.66 million**, a **35.11%** decrease from **NT$196.74 million** on December 31, 2024 Trade Payables (As of June 30) | Category | June 30, 2025 (NT$ thousand) | December 31, 2024 (NT$ thousand) | | :--- | :--- | :--- | | Trade payables | 127,659 | 196,740 | [Ageing Analysis](index=15&type=section&id=%E8%B3%AC%E9%BD%A1%E5%88%86%E6%9E%90) As of June 30, 2025, trade payables due on demand or within one month significantly decreased to **NT$64.01 million** from **NT$112.15 million** on December 31, 2024, while payables over one year slightly increased Ageing Analysis of Trade Payables (As of June 30) | Ageing | June 30, 2025 (NT$ thousand) | December 31, 2024 (NT$ thousand) | | :--- | :--- | :--- | | On demand or less than one month | 64,014 | 112,154 | | One month to three months | 46,637 | 73,245 | | Three months to one year | 14,945 | 9,763 | | Over one year | 2,063 | 1,578 | | **Total** | **127,659** | **196,740** | [Bank Borrowings](index=16&type=section&id=%E9%8A%80%E8%A1%8C%E5%80%9F%E6%AC%BE) As of June 30, 2025, total bank borrowings decreased by **7.04%** to **NT$550.10 million** from **NT$591.79 million** on December 31, 2024, comprising **NT$330.12 million** in secured and **NT$219.98 million** in unsecured borrowings, with unutilized facilities of approximately **NT$405.00 million** Total Bank Borrowings (As of June 30) | Category | June 30, 2025 (NT$ thousand) | December 31, 2024 (NT$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Total secured borrowings | 330,122 | 335,364 | -1.56% | | Total unsecured borrowings | 219,981 | 256,421 | -14.21% | | **Total Borrowings** | **550,103** | **591,785** | **-7.04%** | - The Group's unutilized borrowing facilities amounted to approximately **NT$405,000,000** (December 31, 2024: approximately **NT$380,045,000**)[47](index=47&type=chunk) - As of June 30, 2025, bank interest rates ranged from **2.275%** to **3.525%** per annum (December 31, 2024: **2.275%** to **6.320%** per annum)[46](index=46&type=chunk) [Total Borrowings](index=16&type=section&id=%E5%80%9F%E6%AC%BE%E7%B8%BD%E9%A1%8D) As of June 30, 2025, the Group's total bank borrowings were **NT$550.10 million**, with **NT$450.71 million** current and **NT$99.39 million** non-current, including **NT$330.12 million** secured and **NT$219.98 million** unsecured Total Bank Borrowings (As of June 30) | Category | Current (NT$ thousand) | Non-current (NT$ thousand) | Total (NT$ thousand) | | :--- | :--- | :--- | :--- | | Secured bank borrowings | 262,000 | - | 262,000 | | Secured long-term bank borrowings | 10,480 | 57,642 | 68,122 | | **Total secured borrowings** | **272,480** | **57,642** | **330,122** | | Unsecured bank borrowings | 140,000 | - | 140,000 | | Unsecured long-term bank borrowings | 38,232 | 41,749 | 79,981 | | **Total unsecured borrowings** | **178,232** | **41,749** | **219,981** | | **Total Borrowings** | **450,712** | **99,391** | **550,103** | [Repayment Schedule](index=17&type=section&id=%E9%82%84%E6%AC%BE%E6%9C%9F) As of June 30, 2025, the Group's bank borrowings include **NT$450.71 million** due within one year, **NT$45.96 million** due between one and two years, **NT$37.71 million** due between two and five years, and **NT$15.72 million** due after five years Bank Borrowings Repayment Schedule (As of June 30) | Repayment Period | June 30, 2025 (NT$ thousand) | December 31, 2024 (NT$ thousand) | | :--- | :--- | :--- | | Within one year | 450,712 | 468,025 | | More than one year but not more than two years | 45,958 | 48,763 | | More than two years but not more than five years | 37,713 | 54,036 | | After five years | 15,720 | 20,961 | | **Total** | **550,103** | **591,785** | [Details of Secured and Unsecured Borrowings](index=17&type=section&id=%E6%8A%B5%E6%8A%BC%E5%8F%8A%E7%84%A1%E6%8A%B5%E6%8A%BC%E5%80%9F%E6%AC%BE%E8%A9%B3%E6%83%85) Secured short-term bank borrowings are collateralized by the Group's land and buildings at floating rates, while secured long-term borrowings are also collateralized by land and buildings, repaid in installments at floating rates, and unsecured short-term borrowings are four term loans at bank deposit rates plus a spread, with unsecured long-term borrowings being two installment loans at floating rates - Secured short-term bank borrowings consist of two loans, collateralized by the Group's land and buildings, and are repayable on their maturity dates[45](index=45&type=chunk) - Secured long-term bank borrowings consist of two loans, collateralized by the Group's land and buildings, bearing interest at a floating rate of one-year postal savings deposit rate plus **0.74%** per annum[45](index=45&type=chunk) - Unsecured short-term bank borrowings consist of four term loans totaling **NT$140,000,000**, bearing interest at the bank's one-month deposit rate plus a specific spread[48](index=48&type=chunk) - Unsecured long-term bank borrowings consist of two loans, bearing interest at a floating rate of one-year postal savings deposit rate plus **1.84%** and **0.068%** per annum, respectively, and are repayable in installments[48](index=48&type=chunk) [Share Capital](index=18&type=section&id=%E8%82%A1%E6%9C%AC) As of June 30, 2025, the company's authorized share capital was **2,000,000,000** shares of **HK$0.01** each, totaling **NT$77.63 million**, with **1,000,000,000** issued and fully paid shares totaling **NT$38.82 million**, unchanged from December 31, 2024 Share Capital Structure (As of June 30) | Category | Number of Shares | Share Capital (NT$ thousand) | | :--- | :--- | :--- | | Authorized share capital | 2,000,000,000 | 77,630 | | Issued and fully paid share capital | 1,000,000,000 | 38,815 | - The ordinary shares of **HK$0.01** par value each in the Company's share capital remained unchanged as of December 31, 2024, January 1, 2025, and June 30, 2025[49](index=49&type=chunk) [Dividends](index=18&type=section&id=%E8%82%A1%E6%81%AF) The Board does not recommend an interim dividend for the six months ended June 30, 2025, consistent with the prior period - The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025 (for the six months ended June 30, 2024: nil)[50](index=50&type=chunk) [Commitments](index=18&type=section&id=%E6%89%BF%E6%93%94) The Group leases properties and office equipment under irrevocable short-term lease agreements, with total future minimum lease payments of **NT$1.07 million** due within one year as of June 30, 2025 - The Group leases properties and office equipment under irrevocable short-term lease agreements, which do not include renewal options[51](index=51&type=chunk) Irrevocable Short-Term Lease Commitments (As of June 30) | Period | June 30, 2025 (NT$ thousand) | December 31, 2024 (NT$ thousand) | | :--- | :--- | :--- | | Within one year | 1,073 | 410 | [Related Party Transactions](index=19&type=section&id=%E9%97%9C%E8%81%AF%E6%96%B9%E4%BA%A4%E6%98%93) Related parties include those with control or significant influence over financial and operating decisions, and during the period, the Group engaged in key management personnel compensation transactions totaling **NT$13.92 million**, a slight decrease from the prior period, which are not considered disclosable connected transactions under GEM Listing Rules - Related parties are those persons who have the ability to control or exercise significant influence over the financial and operating decisions of another party, and persons under common control are also considered related[53](index=53&type=chunk) Key Management Personnel Compensation (For the six months ended June 30) | Compensation Category | 2025 (NT$ thousand) | 2024 (NT$ thousand) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Short-term employee benefits — salaries, allowances and benefits in kind | 13,750 | 14,927 | -7.89% | | Post-employment benefits — defined contribution retirement plans | 172 | 176 | -2.27% | | **Total** | **13,922** | **15,103** | **-7.70%** | - To the best knowledge of the Directors, none of these related party transactions constituted connected transactions subject to disclosure under the GEM Listing Rules[54](index=54&type=chunk) Management Discussion and Analysis [Market Overview](index=20&type=section&id=%E5%B8%82%E5%A0%B4%E6%A6%82%E8%A7%80) The global semiconductor market continued to grow in H1 2025, driven by AI, automotive electronics, new energy, and IoT, with SIA reporting a **19.8%** increase in May 2025 sales to **US$59 billion**, and IDC/Gartner indicating stable smartphone/PC shipments and strong EV sales - In the first half of 2025, the global semiconductor market continued its growth trend, driven by new technologies such as AI, with increasing penetration rates of new technologies and products in automotive electronics, new energy, IoT, big data, and artificial intelligence[56](index=56&type=chunk) - According to the latest report from the Semiconductor Industry Association (SIA), global semiconductor sales reached **US$59 billion** in May 2025, an increase of **19.8%** from **US$49.2 billion** in May 2024, marking **19** consecutive months of year-on-year growth[56](index=56&type=chunk) - International Data Corporation (IDC) reported that global smartphone shipments reached **295.2 million** units in the second quarter of 2025, a year-on-year increase of **1%**, marking eight consecutive quarters of growth[57](index=57&type=chunk) - Gartner's preliminary statistics show that global personal computer (PC) shipments exceeded **63 million** units in the second quarter of 2025, a year-on-year increase of **4.4%**[57](index=57&type=chunk) - Data from RhoMotion research firm indicates that global sales of electric and plug-in hybrid vehicles increased to **1.8 million** units in June 2025, a year-on-year increase of **24%**[57](index=57&type=chunk) [Business Review](index=21&type=section&id=%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7) As a Taiwan-based turnkey solution provider and exporter of semiconductor manufacturing equipment and parts, the Group achieved solid performance in H1 2025, with total revenue up **9.40%** to **NT$585.31 million**, total comprehensive income attributable to owners surging **118.02%** to **NT$68.24 million**, and basic EPS increasing **25.84%** to **NT$4.87 cents** - The Group is a Taiwan-based turnkey solution provider and exporter of parts and used semiconductor manufacturing equipment[58](index=58&type=chunk) - For the six months ended June 30, 2025, the Group's total revenue reached approximately **NT$585.31 million** (for the six months ended June 30, 2024: approximately **NT$535.01 million**), representing a year-on-year increase of **9.40%**[58](index=58&type=chunk) - Total comprehensive income for the period attributable to owners of the Company was approximately **NT$68.24 million** (for the six months ended June 30, 2024: approximately **NT$31.30 million**), representing a significant year-on-year increase of **118.02%**[58](index=58&type=chunk) - Basic earnings per share was approximately **NT$4.87 cents** (for the six months ended June 30, 2024: approximately **NT$3.87 cents**), representing a year-on-year increase of **25.84%**[58](index=58&type=chunk) [Overall Performance](index=21&type=section&id=%E6%95%B4%E9%AB%94%E6%A5%AD%E7%B8%BE) The Group's total revenue for H1 2025 reached **NT$585.31 million**, a **9.40%** year-on-year increase, with total comprehensive income attributable to owners at **NT$68.24 million**, up **118.02%**, and basic earnings per share at **NT$4.87 cents**, up **25.84%** Overall Performance Overview (For the six months ended June 30) | Indicator | 2025 (NT$ million) | 2024 (NT$ million) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Total Revenue | 585.31 | 535.01 | 9.40% | | Total comprehensive income for the period attributable to owners of the Company | 68.24 | 31.30 | 118.02% | | Basic earnings per share (NT$ cents) | 4.87 | 3.87 | 25.84% | [Turnkey Solutions](index=21&type=section&id=%E7%B5%B1%E5%8C%85%E8%A7%A3%E6%B1%BA%E6%96%B9%E6%A1%88) The Group provides turnkey solutions for parts and used semiconductor manufacturing equipment, including hot furnace tubes and developing devices, generating approximately **NT$113.69 million** in revenue for the six months ended June 30, 2025, representing **19.42%** of total revenue, a decrease from the prior period - The parts and used semiconductor manufacturing equipment provided by the Group include hot furnace tubes, developing devices, etc., used in the front-end manufacturing process of semiconductors and wafer processing[59](index=59&type=chunk) - For the six months ended June 30, 2025, the Group's revenue from turnkey solutions was approximately **NT$113.69 million** (for the corresponding period in 2024: approximately **NT$226.60 million**)[59](index=59&type=chunk) - Revenue from turnkey solutions accounted for approximately **19.42%** of the Group's total revenue (for the corresponding period in 2024: approximately **42.35%**)[59](index=59&type=chunk) [Trading of Parts and Used Semiconductor Manufacturing Equipment](index=21&type=section&id=%E9%9B%B6%E4%BB%B6%E5%8F%8A%E4%BA%8C%E6%89%8B%E5%8D%8A%E5%B0%8E%E9%AB%94%E8%A3%BD%E9%80%A0%E8%A8%AD%E5%82%99%E8%B2%A3%E6%98%93) During the review period, revenue from trading parts and used semiconductor manufacturing equipment was approximately **NT$471.62 million**, accounting for approximately **80.58%** of the Group's total revenue, a significant increase from **NT$308.41 million** in the prior period - During the review period, the Group's revenue from trading of parts and used semiconductor manufacturing equipment was approximately **NT$471.62 million** (for the corresponding period in 2024: approximately **NT$308.41 million**)[60](index=60&type=chunk) - Trading of parts and used semiconductor manufacturing equipment accounted for approximately **80.58%** of the Group's total revenue (for the corresponding period in 2024: approximately **57.65%**)[60](index=60&type=chunk) [Financial Review](index=22&type=section&id=%E8%B2%A1%E5%8B%99%E5%9B%9E%E9%A1%A7) For the six months ended June 30, 2025, the Group's total revenue was **NT$585.31 million**, driven by significant growth in trading used semiconductor parts, with US and Taiwan operations revenue increasing by **78.54%** and **48.97%** respectively, gross profit rising **28.98%** to **NT$201.97 million**, and total comprehensive income attributable to owners growing **118.02%** - For the six months ended June 30, 2025, the Group's total revenue was approximately **NT$585.31 million** (for the corresponding period in 2024: approximately **NT$535.01 million**)[61](index=61&type=chunk) - Revenue from US operations significantly increased by **78.54%** compared to the previous year, accounting for approximately **38.68%** of the Group's total revenue[62](index=62&type=chunk) - Revenue from Taiwan operations increased by **48.97%** compared to the previous year, accounting for approximately **49.69%** of the Group's total revenue[62](index=62&type=chunk) - The Group's gross profit increased by **28.98%** year-on-year to approximately **NT$201.97 million** (for the corresponding period in 2024: approximately **NT$156.59 million**), while the overall gross profit margin increased by **5.24** percentage points to approximately **34.51%** (for the corresponding period in 2024: approximately **29.27%**)[62](index=62&type=chunk) - Total comprehensive income for the period attributable to owners of the Company was approximately **NT$68.24 million** (for the corresponding period in 2024: approximately **NT$31.30 million**), representing a significant year-on-year increase of **118.02%**[63](index=63&type=chunk) - Basic earnings per share was approximately **NT$4.87** (for the corresponding period in 2024: approximately **NT$3.87**), representing a year-on-year increase of **25.84%**[63](index=63&type=chunk) [Revenue and Gross Profit](index=22&type=section&id=%E6%94%B6%E5%85%A5%E5%8F%8A%E6%AF%9B%E5%88%A9) The Group's total revenue was **NT$585.31 million**, with **NT$471.62 million** from trading used semiconductor parts, leading to a **28.98%** increase in gross profit to **NT$201.97 million** and a **5.24** percentage point rise in gross profit margin to **34.51%**, supported by **78.54%** and **48.97%** revenue growth in US and Taiwan operations respectively Revenue and Gross Profit Overview (For the six months ended June 30) | Indicator | 2025 (NT$ million) | 2024 (NT$ million) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Total Revenue | 585.31 | 535.01 | 9.40% | | Turnkey solutions revenue | 113.69 | 226.60 | -49.83% | | Trading of used semiconductor parts revenue | 471.62 | 308.41 | 52.92% | | Gross profit | 201.97 | 156.59 | 28.98% | | Gross profit margin | 34.51% | 29.27% | 5.24 percentage points | - Revenue from US operations significantly increased by **78.54%**, accounting for approximately **38.68%** of the Group's total revenue[62](index=62&type=chunk) - Revenue from Taiwan operations increased by **48.97%**, accounting for approximately **49.69%** of the Group's total revenue[62](index=62&type=chunk) [Profitability](index=22&type=section&id=%E7%9B%88%E5%88%A9%E8%83%BD%E5%8A%9B) Total comprehensive income attributable to owners was **NT$68.24 million**, a substantial **118.02%** year-on-year increase, with basic earnings per share growing by **25.84%** to **NT$4.87 cents** Profitability Overview (For the six months ended June 30) | Indicator | 2025 (NT$ million) | 2024 (NT$ million) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Total comprehensive income for the period attributable to owners of the Company | 68.24 | 31.30 | 118.02% | | Basic earnings per share (NT$ cents) | 4.87 | 3.87 | 25.84% | [Future Outlook](index=23&type=section&id=%E6%9C%AA%E4%BE%86%E5%B1%95%E6%9C%9B) Rapid global AI development is transforming the semiconductor industry, with WSTS forecasting **11.2%** market growth to **US$700.9 billion** in 2025, Gartner projecting **US$114.9 billion** for AI semiconductors, and Taiwan's semiconductor output expected to grow **19.1%**, while AI PCs, servers, and automotive semiconductors show strong potential despite smartphone market pressures - With the rapid development of global AI technology, the semiconductor industry is entering a historic turning point in its development[64](index=64&type=chunk) - The World Semiconductor Trade Statistics (WSTS) forecasts that global semiconductor market sales will grow by **11.2%** to **US$700.9 billion** in 2025[65](index=65&type=chunk) - Gartner estimates that the AI semiconductor market size will reach **US$114.9 billion** in 2025[65](index=65&type=chunk) - The Industrial Technology Research Institute (ITRI) International Institute of Industry Economics forecasts that Taiwan's semiconductor industry output value will grow by **19.1%** to **NT$6.33 trillion** in 2025, reaching a new historical high[65](index=65&type=chunk) - The Institute for Information Industry (MIC) forecasts that the popularization of AI PCs and the commercial replacement cycle will drive PC market growth in 2025, with server shipments expected to grow by **5.5%**[66](index=66&type=chunk) - PwC Taiwan estimates that the automotive semiconductor market will grow at an average annual rate of **10%**, with the semiconductor value per vehicle increasing from **US$800** in 2023 to **US$1,350** in 2030[67](index=67&type=chunk) [Liquidity and Capital Resources](index=24&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91%E5%8F%8A%E8%B3%87%E6%9C%AC%E8%B3%87%E6%BA%90) The Group primarily met liquidity needs through internal resources and bank borrowings, with total borrowings of approximately **NT$550.10 million** and a gearing ratio of approximately **38.77%** as of June 30, 2025, an improvement from **48.45%** - For the six months ended June 30, 2025, the Group primarily met its liquidity requirements through a combination of internal resources and bank borrowings[69](index=69&type=chunk) - As of June 30, 2025, the Group's total borrowings amounted to approximately **NT$550.10 million** (December 31, 2024: approximately **NT$591.79 million**)[69](index=69&type=chunk) - As of June 30, 2025, the Group's gearing ratio was approximately **38.77%** (December 31, 2024: approximately **48.45%**)[69](index=69&type=chunk) [Pledge of Assets](index=24&type=section&id=%E8%B3%87%E7%94%A2%E6%8A%B5%E6%8A%BC) As of June 30, 2025, the Group pledged certain land and buildings with a carrying value of approximately **NT$251.49 million** to secure long-term and short-term bank borrowings, a slight decrease from December 31, 2024 - As of June 30, 2025, the Group pledged certain land and buildings to secure the Group's long-term and short-term bank borrowings[70](index=70&type=chunk) - The carrying value of the pledged assets was approximately **NT$251.49 million** (December 31, 2024: approximately **NT$253.74 million**)[70](index=70&type=chunk) [Exchange Rate Fluctuations and Hedging Risks](index=25&type=section&id=%E5%BD%99%E7%8E%87%E6%B3%A2%E5%8B%95%E5%8F%8A%E6%9C%89%E9%97%9C%E5%B0%8D%E6%B2%96%E7%9A%84%E9%A2%A8%E9%9A%AA) The Group's operations are mainly in Taiwan, with most transactions settled in NTD and USD, and the Board will monitor exchange rate fluctuations and take appropriate measures, having engaged in no derivative or hedging activities for foreign exchange risk during the review period - The operating activities of the Group's subsidiaries are mainly conducted in Taiwan, and most transactions are settled in New Taiwan Dollars and US Dollars[71](index=71&type=chunk) - The Group will closely monitor fluctuations in currency exchange rates and take appropriate measures when necessary[71](index=71&type=chunk) - During the review period, the Group did not engage in any derivative activities or enter into any hedging activities for foreign exchange risk[71](index=71&type=chunk) [Capital Commitments and Contingent Liabilities](index=25&type=section&id=%E8%B3%87%E6%9C%AC%E6%89%BF%E6%93%94%E5%8F%8A%E6%88%96%E7%84%B6%E8%B2%A0%E5%82%B5) As of June 30, 2025, the Group had no significant capital commitments or contingent liabilities, consistent with December 31, 2024 - As of June 30, 2025, the Group had no significant capital commitments (December 31, 2024: nil) and no significant contingent liabilities (December 31, 2024: nil)[72](index=72&type=chunk) [Significant Investments, Acquisitions, and Disposals of Subsidiaries and Capital Assets](index=25&type=section&id=%E9%99%84%E5%B1%AC%E5%85%AC%E5%8F%B8%E5%8F%8A%E8%B3%87%E6%9C%AC%E8%B3%87%E7%94%A2%E7%9A%84%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B3%87%E3%80%81%E9%87%8D%E5%A4%A7%E6%94%B6%E8%B3%BC%E5%8F%8A%E5%87%BA%E5%94%AE) The Group made no significant investments, acquisitions, or disposals of subsidiaries and capital assets during the period - The Group had no significant investments in and disposals of subsidiaries and capital assets during the period[73](index=73&type=chunk) [Human Resources](index=25&type=section&id=%E4%BA%BA%E5%8A%9B%E8%B3%87%E6%BA%90) As of June 30, 2025, the Group employed approximately **264** full-time and contract employees primarily in Taiwan and China, with annual salary reviews for competitiveness and benefits including pensions, insurance, education, subsidies, and training - As of June 30, 2025, the Group employed approximately **264** employees[74](index=74&type=chunk) - All employees of the Group are full-time and contract employees located in Taiwan and the People's Republic of China ("China")[74](index=74&type=chunk) - Employee remuneration is reviewed annually to maintain competitive levels, and the Group also provides other benefits to employees, including but not limited to pensions, insurance, education, subsidies, and training courses[74](index=74&type=chunk) [Dividends](index=25&type=section&id=%E8%82%A1%E6%81%AF) The Board does not recommend an interim dividend for the six months ended June 30, 2025, consistent with the prior period - The Board does not recommend the payment of a dividend for the six months ended June 30, 2025 (for the six months ended June 30, 2024: nil)[75](index=75&type=chunk) Corporate Governance and Other Information [Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares, or Debentures of the Company and its Associated Corporations](index=26&type=section&id=%E8%91%A3%E4%BA%8B%E5%8F%8A%E4%B8%BB%E8%A6%81%E8%A1%8C%E6%94%BF%E4%BA%BA%E5%93%A1%E6%96%BC%E6%9C%AC%E5%85%AC%E5%8F%B8%E5%8F%8A%E7%9B%B8%E8%81%AF%E6%B3%95%E5%9C%98%E8%82%A1%E4%BB%BD%E3%80%81%E7%9B%B8%E9%97%9C%E8%82%A1%E4%BB%BD%E6%88%96%E5%82%B5%E6%AC%8A%E8%AD%89%E4%B8%AD%E7%9A%84%E6%AC%8A%E7%9B%8A%E5%8F%8A%E6%B7%A1%E5%80%89) As of June 30, 2025, Mr. Yang Ming-Hsiang and Ms. Wei Hung-Li each held a **70.21%** long position in the company's shares, including beneficial ownership and interests as parties acting in concert, while Mr. Chiang Ting-Kuo held **0.25%** due to spousal interest, with no other disclosable interests or short positions Directors' and Chief Executive's Long Positions in Shares (As of June 30) | Director's Name | Capacity/Nature of Interest | Number of Shares Held | Approximate Percentage of Total Shares | | :--- | :--- | :--- | :--- | | Mr. Yang Ming-Hsiang | Beneficial owner | 37,975,000 | 3.80% | | | Interest of a party acting in concert | 664,075,000 | 66.41% | | | **Total** | **702,050,000** | **70.21%** | | Ms. Wei Hung-Li | Beneficial owner | 29,125,000 | 2.91% | | | Interest of a party acting in concert | 672,925,000 | 67.30% | | | **Total** | **702,050,000** | **70.21%** | | Mr. Chiang Ting-Kuo | Interest of spouse | 2,450,000 | 0.25% | - Save as disclosed above, as of June 30, 2025, none of the Directors or chief executive of the Company had any interests or short positions in the shares, underlying shares, or debentures of the Company or any of its associated corporations that were required to be notified to the Company and the Stock Exchange[78](index=78&type=chunk) [Substantial Shareholders' Interests in Shares, Underlying Shares, or Debentures of the Company](index=27&type=section&id=%E4%B8%BB%E8%A6%81%E8%82%A1%E6%9D%B1%E6%96%BC%E6%9C%AC%E5%85%AC%E5%8F%B8%E7%9A%84%E8%82%A1%E4%BB%BD%E3%80%81%E7%9B%B8%E9%97%9C%E8%82%A1%E4%BB%BD%E6%88%96%E5%82%B5%E6%AC%8A%E8%AD%89%E4%B8%AD%E7%9A%84%E6%AC%8A%E7%9B%8A) As of June 30, 2025, Chia Chien Development Limited, Ever Wealth Holdings Limited, Planeta Investments Limited, Tai Yi Investment Co., Ltd., Mr. Fan Chiang-Sheng, and Mr. Lin Yen-Po were substantial shareholders, with Tai Yi, Mr. Fan, and Mr. Lin each deemed to hold approximately **70.21%** of shares due to a concert party agreement Substantial Shareholders' Long Positions in Shares (As of June 30) | Name of Substantial Shareholder | Capacity/Nature of Interest | Number of Shares Held | Approximate Percentage of Total Shares | | :--- | :--- | :--- | :--- | | Chia Chien Development Limited | Beneficial interest | 374,625,000 | 37.46% | | Ever Wealth Holdings Limited | Beneficial interest | 81,150,000 | 8.11% | | Planeta Investments Limited | Beneficial interest | 63,750,000 | 6.38% | | Tai Yi Investment Co., Ltd. | Beneficial interest | 111,300,000 | 11.13% | | | Interest of a party acting in concert | 590,750,000 | 59.08% | | | **Total** | **702,050,000** | **70.21%** | | Mr. Fan Chiang-Sheng | Beneficial owner | 2,925,000 | 0.30% | | | Interest of a party acting in concert | 699,125,000 | 69.91% | | | **Total** | **702,050,000** | **70.21%** | | Mr. Lin Yen-Po | Beneficial owner | 1,200,000 | 0.12% | | | Interest of a party acting in concert | 700,850,000 | 70.09% | | | **Total** | **702,050,000** | **70.21%** | - Mr. Yang Ming-Hsiang, Tai Yi Investment Co., Ltd., Ms. Wei Hung-Li, Mr. Lin Yen-Po, and Mr. Fan Chiang-Sheng are a group of controlling shareholders who have agreed to certain arrangements regarding their shareholdings under a concert party agreement[79](index=79&type=chunk)[83](index=83&type=chunk) [Share Option Scheme and Rights to Subscribe](index=30&type=section&id=%E8%B3%BC%E8%82%A1%E6%AC%8A%E8%A8%88%E5%8A%83%E5%8F%8A%E8%AA%8D%E8%B3%BC%E6%AC%8A%E5%88%A9) The company adopted a share option scheme on June 20, 2017, but as of June 30, 2025, and the announcement date, no options have been granted, exercised, lapsed, or cancelled, and no outstanding options exist, nor do directors or chief executives hold any rights to subscribe for shares - The Share Option Scheme was adopted and approved by the then shareholders of the Company on June 20, 2017[93](index=93&type=chunk) - As of June 30, 2025, and up to the date of this interim results announcement, no share options have been granted, exercised, lapsed, or cancelled under the Share Option Scheme[93](index=93&type=chunk) - As of June 30, 2025, and up to the date of this interim results announcement, there were no outstanding share options under the Share Option Scheme[93](index=93&type=chunk) - Save as disclosed above, as of June 30, 2025, and up to the date of this announcement, none of the Directors and chief executive of the Company and their respective close associates had any interests in, or had been granted or exercised any rights to subscribe for, shares or related shares of the Company and/or its associated corporations[84](index=84&type=chunk) [Purchase, Sale, or Redemption of the Company's Listed Securities](index=32&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) From January 1, 2025, to June 30, 2025, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed shares - From January 1, 2025, to June 30, 2025, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed shares[94](index=94&type=chunk) [Directors' Interests in Competing Businesses](index=30&type=section&id=%E8%91%A3%E4%BA%8B%E6%96%BC%E7%AB%B6%E7%88%AD%E6%A5%AD%E5%8B%99%E4%B9%8B%E6%AC%8A%E7%9B%8A) From the listing date to the announcement date, no director, controlling shareholder, or their close associates held direct or indirect interests as a director or shareholder in any business competing or potentially competing with the Group, or having other conflicts of interest - From the Listing Date up to the date of this announcement, none of the Directors, controlling shareholders, or any of their respective close associates were directors or shareholders of any business, other than the Group's business, that directly or indirectly competes or may compete with the Group's business or has other conflicts of interest with the Group[86](index=86&type=chunk) [Directors' Interests in Transactions, Arrangements, or Material Contracts](index=30&type=section&id=%E8%91%A3%E4%BA%8B%E6%96%BC%E4%BA%A4%E6%98%93%E3%80%81%E5%AE%89%E6%8E%92%E6%88%96%E9%87%8D%E5%A4%A7%E5%90%88%E7%B4%84%E4%B9%8B%E6%AC%8A%E7%9B%8A) From January 1, 2025, to June 30, 2025, neither the company nor any associated company entered into any transaction, arrangement, or material contract in which a director or an entity connected with a director had a direct or indirect material interest - Neither the Company nor any associated company entered into any transaction, arrangement, or material contract in which a Director of the Company or an entity connected with a Director had a direct or indirect material interest at any time during the period from January 1, 2025, to June 30, 2025[87](index=87&type=chunk) [Directors' Securities Transactions / Model Code for Securities Transactions](index=30&type=section&id=%E8%91%A3%E4%BA%8B%E8%AD%89%E5%88%B8%E4%BA%A4%E6%98%93%E2%88%95%E8%AD%89%E5%88%B8%E4%BA%A4%E6%98%93%E4%B9%8B%E6%A8%99%E6%BA%96%E5%AE%88%E5%89%87) The company adopted the Model Code for Securities Transactions by Directors of Listed Issuers and confirmed directors' compliance from January 1, 2025, to June 30, 2025, also establishing written guidelines for employees with price-sensitive information, with no non-compliance found - The Company has adopted the required standard of dealings set out in Rules **5.48** to **5.67** of the GEM Listing Rules for securities transactions by Directors[88](index=88&type=chunk) - The Directors have confirmed that they have complied with the required standard of dealings from January 1, 2025, to June 30, 2025[88](index=88&type=chunk) - The Company has also established written guidelines for securities transactions by employees who may possess unpublished price-sensitive information of the Company, and no instances of non-compliance with the employee written guidelines have been found[89](index=89&type=chunk) [Compliance with Corporate Governance Code](index=31&type=section&id=%E9%81%B5%E5%AE%88%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E5%AE%88%E5%88%99) The Group adopted the principles and code provisions of the Corporate Governance Code, with no material deviations except for Code Provision C.2.1 (separation of Chairman and CEO roles), which the Board believes ensures consistent leadership and has sufficient checks and balances - The Group has adopted the principles and code provisions set out in the Corporate Governance Code (the "CG Code") contained in Appendix C1 to the GEM Listing Rules[90](index=90&type=chunk) - Save for the deviation from Code Provision C.2.1 of the CG Code, which stipulates that the roles of chairman and chief executive should be separate and not performed by the same individual, the Group has not materially deviated from the CG Code[90](index=90&type=chunk) - The Board believes that the dual role of Chairman and Chief Executive Officer by the same individual helps ensure consistent leadership within the Group and that sufficient checks and balances are in place[90](index=90&type=chunk) [Audit Committee and Review of Financial Statements](index=31&type=section&id=%E5%AF%A9%E6%A0%B8%E5%A7%94%E5%93%A1%E6%9C%83%E5%8F%8A%E5%AF%A9%E9%96%B1%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8) The Audit Committee, established on June 20, 2017, comprising Mr. Cheng Chun Sing (Chairman), Mr. Kan Shing Chok, and Mr. Ho Pak Chuen (all independent non-executive directors), reviewed the Group's unaudited condensed consolidated interim results for the six months ended June 30, 2025, and is satisfied with its compliance with accounting standards and regulations - The Board established the Audit Committee of the Company on June 20, 2017, with written terms of reference in compliance with the GEM Listing Rules[91](index=91&type=chunk) - The members of the Audit Committee include Mr. Cheng Chun Sing (Chairman of the Audit Committee), Mr. Kan Shing Chok, and Mr. Ho Pak Chuen, all of whom are independent non-executive Directors[91](index=91&type=chunk) - The Audit Committee has reviewed the Group's unaudited condensed consolidated interim results, interim report, the accounting principles and practices adopted by the Group, and other financial reporting matters for the six months ended June 30, 2025, in conjunction with management[92](index=92&type=chunk) [By Order of the Board](index=32&type=section&id=%E6%89%BF%E8%91%A3%E4%BA%8B%E6%9C%83%E5%91%BD) This announcement is issued by the Board on August 21, 2025, by Mr. Yang

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 GENES TECH GROUP HOLDINGS COMPANY LIMITED 靖洋集團控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號： 8257） 董事會召開日期 承董事會命 靖洋集團控股有限公司 主席及執行董事 楊名翔 台灣，二零二五年八月八日 於本公告日期，執行董事為楊名翔先生、魏弘麗女士及江定國先生；及獨立非執行董事 為甘承倬先生、鄭鎮昇先生及何百全先生。 本公告乃遵照香港聯合交易所有限公司 GEM 證券上市規則而刊載，旨在提供有關本公司 之資料。董事願就本公告共同及個別地承擔全部責任。在上文所述規限下，董事在作出 一切合理查詢後確認，就彼等所深知及確信，本公告所載資料在各重要方面均屬準確完 備，並無誤導或欺詐成分，亦無遺漏任何其他事項，足以令致本公告或其所載任何陳述 產生誤導。 本 公 告 將 自 其 刊 發 日 期 起 計 最 少 一 連 七 日 於 香 港 聯 合 交 易 所 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 靖洋集團控股有限公司 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08257 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 本月底法定/註冊股本 ...

Semiconductor Market Overview - The global semiconductor market size reached $626.9 billion in 2024, representing a 19% increase compared to the previous year[5]. - The expected growth rate for the semiconductor market in 2025 is approximately 11.2%, with the market size approaching $700 billion[5]. - Taiwan's semiconductor output is projected to exceed NT$5 trillion in 2024, with an annual growth rate of 22%[5]. - AI chip sales are forecasted to reach $71.252 billion in 2024, with a growth rate of 33%[6]. - Semiconductor equipment sales are expected to reach $113 billion in 2024, marking a 6.5% increase year-on-year[6]. - The semiconductor industry is anticipated to maintain growth despite geopolitical risks and market demand fluctuations[7]. - The semiconductor industry is expected to grow by 19.1% in 2024, reaching a global sales figure of $627.6 billion, with Q4 sales projected at $170.9 billion, a 17.1% increase year-over-year[10]. - AI technology is expected to drive a significant increase in semiconductor demand, with the global chip market projected to grow by 11.2% in 2025, reaching $697.18 billion[18]. - The global automotive semiconductor market is projected to exceed $47.45 billion in 2024, with a compound annual growth rate of over 8.3% from 2025 to 2037[12]. Company Financial Performance - The group's total revenue for the year ending December 31, 2024, is approximately NT$931.96 million[8]. - The annual profit attributable to the company's owners is approximately NT$24.28 million[8]. - Basic earnings per share are approximately NT$2.43[8]. - The total revenue for the company for the year ending December 31, 2024, is approximately NT$931.96 million, down from NT$1,332.83 million in 2023[13]. - The company's profit attributable to owners for the year is approximately NT$24.28 million, a significant decrease from NT$90.64 million in 2023[17]. - Revenue from the company's integrated solutions segment is approximately NT$418.45 million, representing 44.9% of total revenue, down from 53.19% in 2023[15]. - Revenue from the sale of parts and second-hand semiconductor manufacturing equipment is approximately NT$513.51 million, accounting for 55.10% of total revenue, up from 46.81% in 2023[16]. - The overall gross profit for the company is approximately NT$263.33 million, with a gross margin of about 28.26%, compared to 24.46% in 2023[17]. Corporate Governance and Compliance - The company has a strong governance structure with independent non-executive directors overseeing various committees[36][37][38]. - The company has maintained compliance with applicable laws and regulations, with no known violations that could significantly impact operations[44]. - The company has established four committees (Audit, Risk Management, Compensation, and Nomination) to oversee specific matters[118]. - The board consists of six members, including three executive directors and three independent non-executive directors[103]. - The board held four meetings during the year, with most directors participating in person or via electronic communication[104]. - The company has adopted the corporate governance code principles and provisions as per the GEM Listing Rules, effective until December 31, 2024[97]. - The company has established mechanisms to ensure the board receives independent opinions and advice, promoting open expression of views[107]. - The company has implemented various risk management procedures and guidelines to identify potential risks affecting its operations[138]. Employee Welfare and Management - The company emphasizes a fair and rigorous talent selection process, adhering to principles of openness, equality, competition, and meritocracy[187]. - Employee benefits include competitive compensation packages and additional rewards for outstanding performance, along with a ten-year long service bonus[187]. - The company provides comprehensive employee welfare measures, including group insurance and retirement pension plans, ensuring employee rights and well-being[187]. - In 2024, the company plans to launch various employee welfare activities, enhancing team interaction and workplace atmosphere[188]. - The company has implemented a "6S" management system to ensure workplace safety and health, aiming for zero work-related injuries[192]. - In 2024, the company reported no work-related fatalities, reflecting its commitment to health and safety management[192]. - The company conducts regular safety inspections and maintenance checks on its facilities to comply with the latest safety standards[193]. - Annual health checks are provided for all employees to prevent diseases and identify potential health risks early[193]. Environmental, Social, and Governance (ESG) Initiatives - The company maintains a commitment to sustainable development, integrating it into its corporate mission amid rapid changes in the semiconductor industry and global economic uncertainties[156]. - The ESG report is prepared in accordance with the GEM listing rules and emphasizes the importance of stakeholder engagement and materiality assessment[159]. - The company has identified key ESG issues, including climate change, occupational health and safety, and community investment, which significantly impact its performance[164]. - The company strictly adheres to environmental regulations in Taiwan and has reported no significant incidents related to air and greenhouse gas emissions during the reporting year[166]. - The company focuses on reducing air pollutants, achieving over a 7% reduction in emissions compared to 2023, with specific targets for sulfur oxides, nitrogen oxides, and particulate matter[169]. - The company promotes green policies to enhance market competitiveness and align with stakeholder expectations for environmental protection[166]. - The company aims to maintain strong stakeholder relationships and actively collect feedback to align its business practices with sustainability goals[162]. - The company emphasizes the importance of environmental, social, and governance (ESG) factors for sustainable development and has established a robust risk management system to address these issues[161].

Financial Performance - Revenue for the year ending December 31, 2024, is projected to decrease by approximately 30.08% to NT$931.96 million from NT$1,332.83 million for the year ending December 31, 2023[7]. - Net profit attributable to owners for the year ending December 31, 2024, is expected to decline by about 73.21% to NT$24.28 million from NT$90.64 million for the year ending December 31, 2023[7]. - Basic earnings per share for the year ending December 31, 2024, is forecasted to drop to NT$2.43 from NT$9.06 for the year ending December 31, 2023[7]. - Gross profit for the year ending December 31, 2024, is projected to be NT$263.33 million, down from NT$325.96 million in 2023[8]. - Total comprehensive income attributable to owners for the year ending December 31, 2024, is expected to be NT$14.87 million, down from NT$93.10 million in 2023[8]. - The company reported a net loss of NT$9.42 million in foreign exchange differences for the year ending December 31, 2024, compared to a gain of NT$2.47 million in 2023[8]. - Total revenue for 2024 was NT$849,051,000, a decrease from NT$1,184,757,000 in 2023, representing a decline of approximately 28.4%[35]. - The company's income tax expense for 2024 is NT$67,975,000, compared to NT$35,643,000 in 2023, reflecting a significant increase[37]. - The company's basic earnings per share for 2024 is NT$2.43, down from NT$9.06 in 2023, indicating a decline in profitability[41]. Dividends and Shareholder Returns - The board of directors does not recommend the distribution of dividends for the year ending December 31, 2024, consistent with 2023[7]. - The company has no proposed dividends for the fiscal year ending December 31, 2024, maintaining a zero dividend policy as in 2023[40]. - The board of directors does not recommend the payment of dividends for the year ending December 31, 2024[87]. Assets and Liabilities - Total assets increased to NT$2,444,504,000 in 2024 from NT$2,102,883,000 in 2023, representing a growth of approximately 16.2%[9]. - Total liabilities increased to NT$1,624,027,000 in 2024 from NT$1,297,271,000 in 2023, indicating a rise of around 25.2%[9]. - Non-current liabilities decreased from NT$181,034,000 in 2023 to NT$138,648,000 in 2024, showing a reduction of approximately 23.3%[9]. - Total equity rose to NT$820,477,000 in 2024, up from NT$805,612,000 in 2023, which is an increase of about 1.8%[9]. - As of December 31, 2024, the group's total borrowings amounted to approximately NT$591.79 million, a decrease from NT$616.53 million as of December 31, 2023[78]. - The group's asset-liability ratio is approximately 48.45% as of December 31, 2024, down from 57.82% as of December 31, 2023[78]. Revenue Sources - Revenue from integrated solutions was approximately NT$418.45 million, accounting for about 44.9% of total revenue, compared to 53.19% in 2023[65]. - Revenue from the sale of parts and second-hand semiconductor manufacturing equipment was approximately NT$513.51 million, representing about 55.10% of total revenue, up from 46.81% in 2023[67]. - Major customer A contributed NT$523,306 thousand to total revenue in 2023, which is over 10% of the total revenue[30]. - Customer B's contribution to total revenue was NT$204,987 thousand in 2023, which is over 10% of the total revenue[30]. - Revenue from the Taiwan region was NT$745,654 thousand in 2023, while it is projected to be NT$416,420 thousand in 2024, reflecting a decrease of about 44%[28]. - Revenue from the United States was NT$220,446 thousand in 2023, with a projected decrease to NT$186,049 thousand in 2024, representing a decline of approximately 16%[28]. - Revenue from China decreased from NT$281,730 thousand in 2023 to NT$161,186 thousand in 2024, a drop of about 43%[28]. Operational Expenses - Operating expenses for the year ending December 31, 2024, are expected to be NT$132.12 million, slightly up from NT$128.99 million in 2023[8]. - The cost of goods sold for 2024 was NT$668,625,000, down from NT$1,006,867,000 in 2023, indicating a reduction of approximately 33.5%[36]. - The company's employee benefits expenses remained stable at NT$245,291,000 in 2024, slightly up from NT$244,096,000 in 2023[35]. Research and Development - Research and development expenses increased to NT$1,194,000 in 2024 from NT$734,000 in 2023, marking a rise of approximately 62.8%[35]. Market Trends and Projections - The global semiconductor chip sales are projected to grow by 19.1% to US$627.6 billion in 2024, driven by strong demand for AI processors and memory[59]. - Taiwan's semiconductor industry output value is expected to reach NT$4.76 trillion in 2024, marking a growth of 21.3%[59]. - The company anticipates that advanced chips will continue to drive growth in Taiwan's semiconductor industry, with an expected increase of 15.9% in overall output value by 2025[59]. - The global automotive semiconductor market is projected to exceed $47.45 billion in 2024, with a compound annual growth rate (CAGR) of over 8.3% expected from 2025 to 2037[62]. Compliance and Governance - The group operates under the Hong Kong Financial Reporting Standards and complies with GEM listing rules[15][16]. - The group has not adopted new standards or amendments that will take effect from January 1, 2024, which are expected to have a significant impact on current or future periods[21]. - The audit committee reviewed the consolidated financial statements for the year ending December 31, 2024, confirming compliance with applicable accounting standards and GEM listing rules[94]. - The auditors, PwC, confirmed that the financial figures in the preliminary announcement are consistent with the audited consolidated financial statements for the year ending December 31, 2024[96]. Employee and Corporate Structure - The group employed approximately 260 employees as of December 31, 2024, with competitive salary reviews conducted annually[86]. - The group maintains a 100% ownership in its subsidiaries, ensuring full control over its operations and strategic direction[14].

Genes Tech Group Holdings Company Limited 靖 洋 集 團 控 股 有 限 公 司 (於開曼群島註冊成立之有限公司) 股份代號 : 8257 024 中期報告 香港聯合交易所有限公司(「聯交所」) GEM之特色 GEM的定位,乃為中小型公司提供一個上市的市場,此等公司相比起其他在聯交所上市的公司帶有較高投資風險。 有意投資的人士應了解投資於該等公司的潛在風險,並應經過審慎周詳的考慮後方作出投資決定。 由於GEM 上市的公司通常為中小型公司·在GEM 買賣的證券可能會較於聯交所主板買賣之證券承受較大的市場波 動風險,同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責,對其準確性或完整性亦不發表任何聲明·並明確 表示概不就因本報告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本報告乃遵照聯交所GEM證券上市規則(「GEM上市規則」的規定而提供有關靖洋集團控股有限公司(「本公司J)及 其附屬公司(统稱「本集團J)的資料。本公司之董事([董事])願共同及個別就本報告負全黃·並在作出一切合理查 詢後 ...

Financial Performance - Revenue for the six months ended June 30, 2024, was NT$535,007,000, a decrease of 28.6% compared to NT$749,511,000 for the same period in 2023[2] - Gross profit for the same period was NT$156,586,000, down 25.3% from NT$209,609,000 year-over-year[2] - Net profit attributable to owners for the six months was NT$38,703,000, a decline of 49.5% from NT$76,589,000 in the previous year[2] - Basic earnings per share for the six months was NT$3.87, down 49.5% from NT$7.66 in the same period last year[2] - The company reported other income of NT$2,863,000, significantly higher than NT$154,000 in the previous year[2] - The total expenses for the six months ending June 30, 2024, were NT$474,966,000, a decrease of 24.7% from NT$630,843,000 in 2023[21] - The company’s total comprehensive income for the six months ended June 30, 2024, was NT$31,300 thousand, compared to NT$76,338 thousand in the same period of 2023, indicating a decrease of about 59.0%[5] Assets and Liabilities - Total assets as of June 30, 2024, amounted to NT$2,164,770,000, an increase of 2.9% from NT$2,102,883,000 at the end of 2023[3] - Total liabilities increased to NT$1,327,858,000 as of June 30, 2024, compared to NT$1,297,271,000 at the end of 2023, reflecting a rise of 2.4%[4] - Cash and cash equivalents decreased to NT$119,084,000 from NT$150,739,000, representing a decline of 21.0%[3] - Inventory increased to NT$1,076,736,000, up 5.4% from NT$1,021,300,000 at the end of 2023[3] - As of June 30, 2024, total equity reached NT$836,912 thousand, an increase from NT$788,847 thousand as of June 30, 2023, representing a growth of approximately 6.1%[5] - The company’s total liabilities decreased from NT$224,395 thousand as of June 30, 2023, to NT$301,137 thousand as of January 1, 2024, reflecting a reduction of approximately 34.3%[5] Cash Flow and Financial Management - The company reported a net cash flow from operating activities of NT$10,491 thousand for the six months ended June 30, 2024, compared to a net cash outflow of NT$78,215 thousand for the same period in 2023[6] - The cash and cash equivalents at the end of June 30, 2024, were NT$119,084 thousand, up from NT$106,143 thousand at the end of June 30, 2023, indicating an increase of about 12.5%[6] - The company’s financial costs were NT$638,000, a decrease from NT$9,835,000 in the previous year, indicating improved financial management[2] - The company’s cash flow from financing activities showed a net outflow of NT$11,182 thousand for the six months ended June 30, 2024, compared to a net outflow of NT$16,903 thousand in the previous year, indicating an improvement of about 33.9%[6] Shareholder Information - Major shareholders hold approximately 70.21% of the total shares, with significant ownership by key executives[57] - Major shareholder Jiajian Development Company holds 374,625,000 shares, representing 37.46% of total shares[59] - The total shares held by the concert party is 702,050,000, representing 70.21% of total shares[59] - The board of directors does not recommend the payment of dividends for the six months ending June 30, 2024[56] Market Trends and Industry Outlook - The semiconductor industry is experiencing significant growth driven by the rise of generative AI technology, with global semiconductor sales reaching US$49.1 billion in May 2024, a year-over-year increase of 19.3%[40] - Global smartphone shipments saw a year-over-year growth of 6.5% in Q2 2024, totaling 285.4 million units, indicating a positive market trend[41] - The global semiconductor market is projected to grow by 16% in 2024, reaching US$611 billion, driven by increased investments in AI projects[46] - The global automotive semiconductor market is projected to exceed $8.8 billion by 2027, with a compound annual growth rate (CAGR) of 12% from 2023 to 2027[49] Corporate Governance and Compliance - The audit committee has reviewed the unaudited consolidated second quarter results for the six months ending June 30, 2024, and confirmed compliance with applicable accounting standards and GEM listing rules[69] - The company has adopted corporate governance principles in accordance with GEM listing rules, with no significant deviations noted[67] - The group has adopted new accounting standards effective from January 1, 2024, with no significant impact on consolidated performance and financial position[9]