FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 呈交日期: 2025年10月3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) | 08311 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.01 HKD | | 50,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.01 HKD | | 50,000,000 | 本月底法定/註冊股本總額： HKD 50,000,000 第 1 頁 共 10 頁 v 1.1.1 ...

Perfect Optronics Limited 圓美光電有限公司 (Incorporated in the Cayman Islands with limited liability) （Stock Code 股份代號：8311） （於開曼群島註冊成立之有限公司） NOTIFICATION LETTER 通知信函 30 September 2025 Dear Non-Registered Holder (Note 1) , Perfect Optronics Limited (the "Company") — Notice of publication of 2025 Interim Report ("Current Corporate Communication") on the Company's website The English and Chinese versions of the Company's Current Corporate Communication are available on the Company's website at www.perfect-optronics. ...

Perfect Optronics Limited 圓美光電有限公司 (Incorporated in the Cayman Islands with limited liability) （Stock Code 股份代號：8311） （於開曼群島註冊成立之有限公司） NOTIFICATION LETTER 通知信函 Perfect Optronics Limited (the "Company") — Notice of publication of 2025 Interim Report ("Current Corporate Communication") on the Company's website The English and Chinese versions of the Company's Current Corporate Communication are now available on the Company's website at www.perfect-optronics.com and the website of The Stock Exchange of Hong Ko ...

Perfect Optronics Limited 圓 美 光 電 有 限 公 司 股份代 號 : 8311 （於開曼群島註冊成立之有限公司） 2025 中 期 報 告 2025 INTERIM REPORT (Incorporated in the Cayman Islands with limited liability) Perfect Optronics Limited 圓 美 光 電 有 限 公 司 • 截至二零二五年六月三十日止六個月，本集團錄得收入約49.5百萬港元（截至 二零二四年六月三十日止六個月：約52.5百萬港元）。 • 截至二零二五年六月三十日止六個月，本公司權益持有人應佔虧損約12.6百 萬港元（截至二零二四年六月三十日止六個月：利潤約2.3百萬港元）。 • 董事會不宣派截至二零二五年六月三十日止六個月的中期股息（截至二零二四 年六月三十日止六個月：無）。 Stock Code: 8311 財務業績 香港聯合交易所有限公司（「聯交所」）GEM（「GEM」）的特色 圓美光電有限公司（「本公司」）董事會（「董事會」）謹此公佈本公司及其附屬公司（統稱 「本集團」）截至二零二五年六月三十日止 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 圓美光電有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2025年9月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08311 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.01 HKD | | | 50,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | | 0 | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.01 HKD | | ...

Core Viewpoint - Yuanmei Optoelectronics (08311) reported a mid-term performance for the six months ending June 30, 2025, showing a revenue of HKD 49.516 million, a year-on-year decrease of 5.69%, and a shareholder loss of HKD 12.624 million, marking a shift from profit to loss [1] Financial Performance - The group's revenue for the period was HKD 49.516 million, reflecting a decline of 5.69% compared to the previous year [1] - The company reported a loss attributable to shareholders of HKD 12.624 million, indicating a transition from profit to loss year-on-year [1] - The loss per share was recorded at HKD 0.85 [1]

[Financial Performance](index=2&type=section&id=Financial%20Performance) This section presents the group's financial statements, including comprehensive income, financial position, and notes on accounting policies and risk management [Condensed Consolidated Statement of Comprehensive Income](index=2&type=section&id=Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) The Group reported a **HK$12,666 thousand** net loss for the six months ended June 30, 2025, turning from profit due to other net losses Condensed Consolidated Statement of Comprehensive Income (For the six months ended June 30) | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Revenue | 49,516 | 52,506 | | Cost of sales | (40,525) | (46,042) | | Gross profit | 8,991 | 6,464 | | Other net (loss)/gain | (6,184) | 15,023 | | Operating (loss)/profit | (12,618) | 1,908 | | (Loss)/profit for the period | (12,666) | 1,872 | | (Loss)/profit attributable to owners of the Company | (12,624) | 2,250 | | Basic and diluted (loss)/earnings per share (HK cents) | (0.85) | 0.15 | [Condensed Consolidated Statement of Financial Position](index=3&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) Total assets decreased to **HK$51,381 thousand** as of June 30, 2025, primarily due to reduced current assets, including cash and financial assets Condensed Consolidated Statement of Financial Position (As at June 30) | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | **Assets** | | | | Non-current assets | 7,468 | 7,378 | | Current assets | 43,913 | 50,979 | | Total assets | 51,381 | 58,357 | | **Equity** | | | | Equity attributable to owners of the Company | 36,581 | 49,573 | | Total equity | 31,992 | 45,410 | | **Liabilities** | | | | Non-current liabilities | 2,692 | 3,085 | | Current liabilities | 16,697 | 9,862 | | Total liabilities | 19,389 | 12,947 | | Total equity and liabilities | 51,381 | 58,357 | - Inventories within current assets increased from **HK$5,060 thousand** to **HK$14,608 thousand**, while financial assets at fair value through profit or loss significantly decreased from **HK$16,641 thousand** to **HK$9,581 thousand**[4](index=4&type=chunk) - Trade and other payables within current liabilities significantly increased from **HK$8,250 thousand** to **HK$15,780 thousand**[4](index=4&type=chunk) [Notes](index=4&type=section&id=Notes) This section details financial statement preparation, going concern assessment, and significant accounting policies, addressing liquidity challenges [Basis of Preparation](index=4&type=section&id=1.%20Basis%20of%20Preparation) This section outlines the company's registration, primary business activities, and accounting standards for interim financial statements - The Company was incorporated in the Cayman Islands and its shares have been listed on GEM since February 7, 2014[5](index=5&type=chunk) - The Group primarily engages in the trading, development, and sale of display and optical products, related electronic components, and health-related and other products[5](index=5&type=chunk) - The interim financial statements are prepared in accordance with Hong Kong Accounting Standard 34 "Interim Financial Reporting" issued by the HKICPA and the GEM Listing Rules, and have been reviewed by the Audit Committee but not by external auditors[5](index=5&type=chunk)[6](index=6&type=chunk) [Going Concern Basis](index=4&type=section&id=Going%20Concern%20Basis) The Group's loss and net cash outflow necessitate plans to sell financial assets and control costs to ensure continued operations - The Group recorded a loss attributable to owners of **HK$12,624 thousand** for the six months ended June 30, 2025 (prior period: profit of HK$2,250 thousand), with net cash outflow from operating activities of **HK$8,423 thousand**[7](index=7&type=chunk) - As of June 30, 2025, net current assets were **HK$27,216 thousand** (December 31, 2024: HK$41,117 thousand), and cash and cash equivalents were **HK$15,103 thousand** (December 31, 2024: HK$24,407 thousand)[7](index=7&type=chunk) - To improve liquidity and financial position, the Group plans to sell financial assets at fair value through profit or loss (**HK$9,581 thousand**), continue cost control measures, and enhance operating cash flow and working capital[7](index=7&type=chunk)[8](index=8&type=chunk) - The Board considers the preparation of financial statements on a going concern basis appropriate, but the ability to continue as a going concern depends on the successful implementation of these plans to generate sufficient cash flow[8](index=8&type=chunk)[10](index=10&type=chunk) [Significant Accounting Policies](index=5&type=section&id=2.%20Significant%20Accounting%20Policies) Significant accounting policies are consistent with prior annual statements, with no material impact from new or revised standards - The significant accounting policies adopted in preparing the interim financial statements are consistent with those used for the annual financial statements for the year ended December 31, 2024[9](index=9&type=chunk) - Several new and revised standards are applicable for the current reporting period but have not had a significant impact on the Group[9](index=9&type=chunk) [Financial Risk Management and Financial Instruments](index=6&type=section&id=3.%20Financial%20Risk%20Management%20and%20Financial%20Instruments) The Group faces market, credit, liquidity, and price risks, with financial instruments measured using a three-level hierarchy and fair value losses - The Group's operations are exposed to market risk (including foreign exchange risk and cash flow and fair value interest rate risk), credit risk, liquidity risk, and price risk[12](index=12&type=chunk) [Financial Instruments by Category](index=6&type=section&id=3.1%20Financial%20Instruments%20by%20Category) This section categorizes the Group's financial assets and liabilities by amortized cost, fair value through OCI, and fair value through profit or loss Financial Instruments (HK$ thousand) | Indicator | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Financial Assets** | | | | Financial assets at amortized cost | 18,128 | 28,034 | | Financial assets at fair value through other comprehensive income | 1,593 | 1,368 | | Financial assets at fair value through profit or loss | 9,581 | 16,641 | | **Financial Liabilities** | | | | Financial liabilities at amortized cost | 16,395 | 10,122 | [Financial Risk Factors](index=6&type=section&id=3.2%20Financial%20Risk%20Factors) Risk management policies have remained unchanged since the previous year-end, addressing various financial risk exposures - Risk management policies have not changed since the year-end[13](index=13&type=chunk) [Liquidity Risk](index=7&type=section&id=3.3%20Liquidity%20Risk) This section presents the contractual maturities of the Group's non-derivative financial liabilities, indicating short-term obligations Contractual Maturities of Non-Derivative Financial Liabilities (HK$ thousand) | Maturity | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Less than 1 year | 13,805 | 7,154 | | Between 1 and 2 years | 848 | 865 | | Between 2 and 5 years | 1,977 | 2,402 | | Total contractual undiscounted cash flows | 16,630 | 10,421 | [Fair Value Measurement](index=7&type=section&id=3.4%20Fair%20Value%20Measurement) Financial instruments are classified into a three-level fair value hierarchy, with significant reclassification and fair value losses on listed equity securities - The Group classifies financial instruments into three levels: Level 1 (quoted prices in active markets), Level 2 (observable inputs), and Level 3 (unobservable inputs)[15](index=15&type=chunk) Financial Assets Measured and Recognized at Fair Value (HK$ thousand) | Category | Total June 30, 2025 | Total December 31, 2024 | | :--- | :--- | :--- | | Financial assets at fair value through profit or loss (listed equity securities) | 9,581 | 16,641 | | Financial assets at fair value through other comprehensive income (unlisted equity securities) | 1,593 | 1,368 | | **Total** | **11,174** | **18,009** | - The Group's ordinary shares in Mobvoi Inc. (approximately **1.64%** stake) are classified as Level 1 financial assets, with their fair value decreasing due to market fluctuations[16](index=16&type=chunk)[18](index=18&type=chunk) - Equity investment in a private company (engaged in R&D, manufacturing, and sales of lithium battery separator films) is classified as a Level 3 financial asset, with an approximate **0.96%** stake[18](index=18&type=chunk) - Mobvoi shares were reclassified from Level 3 to Level 1 after their listing in April 2024[19](index=19&type=chunk) - Valuation of Level 3 instruments uses the discounted cash flow method, with a weighted average cost of capital of **14.11%**[21](index=21&type=chunk) [Revenue](index=10&type=section&id=4.%20Revenue) The Group's revenue is primarily derived from the sale of display and optical products, related electronic components, and health-related and other products - Revenue refers to income from the sale of display products, optical products and related electronic components, health-related products, and other products to external parties[22](index=22&type=chunk) [Segment Information](index=10&type=section&id=5.%20Segment%20Information) Revenue is analyzed by product category, geographical location, and major customers, with non-current assets also segmented by location - Information for resource allocation and assessment focuses on revenue analysis by product, without providing other independent financial data[23](index=23&type=chunk) [(a) Revenue by Product Category for the Six Months Ended June 30, 2025](index=10&type=section&id=%28a%29%20Revenue%20by%20Product%20Category%20for%20the%20Six%20Months%20Ended%20June%2030%2C%202025) This table details the Group's revenue breakdown by major product categories for the six months ended June 30, 2025 and 2024 Major Product Revenue (HK$ thousand) | Product Category | 2025 | 2024 | | :--- | :--- | :--- | | Thin Film Transistor Liquid Crystal Display ("TFT-LCD") panels and modules | 36,899 | 21,372 | | Health-related products | 7,432 | 6,884 | | Electronic billboards | 3,299 | 7,332 | | Optical products | 113 | 16,176 | | Others | 1,773 | 742 | | **Total** | **49,516** | **52,506** | [(b) Revenue by Geographical Location for the Six Months Ended June 30, 2025](index=11&type=section&id=%28b%29%20Revenue%20by%20Geographical%20Location%20for%20the%20Six%20Months%20Ended%20June%2030%2C%202025) This table presents the Group's revenue from external customers, segmented by geographical location for the six months ended June 30, 2025 and 2024 Revenue by Geographical Location (HK$ thousand) | Region | 2025 | 2024 | | :--- | :--- | :--- | | Hong Kong | 47,472 | 46,991 | | Taiwan | 1,424 | 2,307 | | Mainland China | 620 | 3,208 | | **Total** | **49,516** | **52,506** | [(c) Revenue from Major Customers for the Six Months Ended June 30, 2025](index=11&type=section&id=%28c%29%20Revenue%20from%20Major%20Customers%20for%20the%20Six%20Months%20Ended%20June%2030%2C%202025) This table discloses revenue generated from major customers, each accounting for 10% or more of the Group's total revenue Major Customer Revenue (HK$ thousand) | Customer | 2025 | 2024 | | :--- | :--- | :--- | | Customer A | 21,008 | — | | Customer B | 10,124 | — | [(d) Non-current Assets by Geographical Location](index=11&type=section&id=%28d%29%20Non-current%20Assets%20by%20Geographical%20Location) This table provides an analysis of the Group's non-current assets, excluding financial assets, segmented by their geographical location Non-current Assets by Geographical Location (HK$ thousand) | Region | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Hong Kong | 4,677 | 4,739 | | Mainland China | 1,125 | 1,126 | | Taiwan | 73 | 145 | | **Total** | **5,875** | **6,010** | [Other Net (Loss)/Gain](index=12&type=section&id=6.%20Other%20Net%20%28Loss%29%2FGain) The period recorded a net other loss of **HK$6,184 thousand**, primarily due to a **HK$7,060 thousand** fair value loss on financial assets Other Net (Loss)/Gain (HK$ thousand) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Fair value changes of financial assets at fair value through profit or loss | (7,060) | 15,082 | | Net exchange gain/(loss) | 778 | (233) | | Others | 98 | 174 | | **Total** | **(6,184)** | **15,023** | [Finance Costs](index=12&type=section&id=7.%20Finance%20Costs) Total finance costs for the period were **HK$63 thousand**, mainly comprising interest expenses on bank loans and lease liabilities Finance Costs (HK$ thousand) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Interest expense on bank loans | 55 | 79 | | Interest expense on lease liabilities | 8 | 52 | | **Total** | **63** | **131** | [(Loss)/Profit Before Income Tax](index=12&type=section&id=8.%20%28Loss%29%2FProfit%20Before%20Income%20Tax) The loss before income tax for the period was **HK$12,663 thousand**, influenced by inventory costs, obsolete inventory provision, and depreciation Factors Affecting (Loss)/Profit Before Income Tax (HK$ thousand) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Cost of inventories sold | 39,792 | 45,347 | | Net provision for/(reversal of provision for) obsolete inventories | 163 | (348) | | Depreciation of property, plant and equipment | 147 | 55 | | Depreciation of right-of-use assets | — | 122 | | Impairment provision for right-of-use assets | — | 387 | [Income Tax (Expense)/Credit](index=13&type=section&id=9.%20Income%20Tax%20%28Expense%29%2FCredit) Income tax expense for the period was **HK$3 thousand**, primarily deferred tax, with no Hong Kong profits tax provision Income Tax (Expense)/Credit (HK$ thousand) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Current income tax — Hong Kong profits tax: adjustment in respect of prior years | — | 36 | | Deferred income tax | (3) | — | | **Total** | **(3)** | **36** | - No Hong Kong profits tax provision was made as the Group had no estimated assessable profits in Hong Kong[30](index=30&type=chunk) [Dividends](index=13&type=section&id=10.%20Dividends) The Board of Directors did not declare an interim dividend for the six months ended June 30, 2025, consistent with the prior period - The Board of Directors did not declare an interim dividend for the six months ended June 30, 2025 (2024: nil)[31](index=31&type=chunk) [Basic and Diluted (Loss)/Earnings Per Share](index=13&type=section&id=11.%20Basic%20and%20Diluted%20%28Loss%29%2FEarnings%20Per%20Share) Basic and diluted loss per share was **HK$0.85 cents**, reflecting the loss attributable to owners, compared to HK$0.15 cents earnings in the prior period Basic and Diluted (Loss)/Earnings Per Share | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | (Loss)/profit attributable to owners of the Company (HK$ thousand) | (12,624) | 2,250 | | Weighted average number of ordinary shares in issue (thousand shares) | 1,483,687 | 1,483,687 | | Basic and diluted (loss)/earnings per share (HK cents per share) | (0.85) | 0.15 | - Basic and diluted (loss)/earnings per share were not adjusted as the Group had no potentially dilutive ordinary shares in issue during the current and prior periods[33](index=33&type=chunk) [Trade and Other Receivables](index=14&type=section&id=12.%20Trade%20and%20Other%20Receivables) Total trade and other receivables decreased slightly to **HK$4,621 thousand**, with an increase in trade receivables over 90 days Trade and Other Receivables (HK$ thousand) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Trade receivables | 1,377 | 1,764 | | Prepayments, deposits and other receivables | 3,244 | 3,107 | | **Total** | **4,621** | **4,871** | Ageing Analysis of Trade Receivables (HK$ thousand) | Ageing | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | 0–30 days | 923 | 1,077 | | 31–60 days | 106 | 423 | | 61–90 days | 22 | 48 | | Over 90 days | 326 | 216 | [Trade and Other Payables](index=14&type=section&id=13.%20Trade%20and%20Other%20Payables) Total trade and other payables significantly increased to **HK$15,780 thousand**, mainly due to a substantial rise in customer deposits received Trade and Other Payables (HK$ thousand) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Trade payables | 322 | 101 | | Customer deposits received | 10,855 | 3,017 | | Accruals and other payables | 4,603 | 5,132 | | **Total** | **15,780** | **8,250** | Ageing Analysis of Trade Payables (HK$ thousand) | Ageing | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | 0–30 days | 22 | 49 | | 31–60 days | 43 | — | | 61–90 days | — | — | | Over 90 days | 257 | 52 | [Events After the Reporting Period](index=14&type=section&id=14.%20Events%20After%20the%20Reporting%20Period) Subsequent to the reporting period, the Group sold a portion of its Mobvoi shares to enhance cash flow and liquidity - After June 30, 2025, the Group sold a total of **7,515,000** Mobvoi shares in the open market for a total cash consideration of approximately **HK$6.9 million**[35](index=35&type=chunk) [Management Discussion and Analysis](index=15&type=section&id=Management%20Discussion%20and%20Analysis) This section provides an overview of the Group's business performance, financial results, and future outlook, including strategies for market challenges [Business Review](index=15&type=section&id=Business%20Review) First-half revenue decreased by 6%, turning to a loss due to financial asset fair value losses, despite strong TFT-LCD sales and health product growth - The Group primarily engages in the trading, development, and sale of display and optical products and related electronic components, as well as health-related and other products[36](index=36&type=chunk) - Revenue for the period was approximately **HK$49,516 thousand**, a decrease of approximately **6%** compared to the prior period[37](index=37&type=chunk) - The Group recorded a fair value loss of approximately **HK$7,060 thousand** on financial assets at fair value through profit or loss, resulting in a loss attributable to owners of approximately **HK$12,624 thousand** for the period, turning from profit to loss[37](index=37&type=chunk) - Revenue from TFT-LCD panels and modules was approximately **HK$36,899 thousand**, an increase of approximately **73%** compared to the prior period, mainly driven by strategic stocking activities due to US tariff policies[38](index=38&type=chunk) - Optical product revenue significantly decreased to approximately **HK$113 thousand** (prior period: HK$16,176 thousand), primarily due to intensified price competition in Mainland China's new energy vehicle industry[39](index=39&type=chunk) - Electronic billboard revenue was approximately **HK$3,299 thousand**, a decrease of approximately **55%** compared to the prior period, reflecting reduced sales in Taiwan and the education sector[39](index=39&type=chunk) - Health-related product revenue was approximately **HK$7,432 thousand**, an increase of approximately **8%** compared to the prior period, benefiting from increased sales of rapid antigen test kits, expanded sales channels, and the development of pet health food series[40](index=40&type=chunk) - The Group is expanding into the electric vehicle charging infrastructure sector, selling smart EV charging facilities and solutions to diversify its business[40](index=40&type=chunk) - The fair value of the Group's Mobvoi shares decreased from **HK$16,641 thousand** to **HK$9,581 thousand**, recognizing a fair value loss of approximately **HK$7,060 thousand**[41](index=41&type=chunk) - The Company is authorized to sell up to all its Mobvoi shares and has sold a portion after the reporting period to enhance cash flow[41](index=41&type=chunk) [Outlook](index=17&type=section&id=Outlook) The Group anticipates continued business pressure in H2 2025 but will focus on cost control, seizing opportunities, and diversifying business - The Group expects continued business pressure in the second half of 2025 amidst global economic uncertainties[42](index=42&type=chunk) - The Group will continue to implement measures for efficient cost control while actively seizing development opportunities in various sectors with flexible strategies[42](index=42&type=chunk) [Financial Review](index=17&type=section&id=Financial%20Review) Revenue decreased by 6%, but gross profit increased by 39%; however, significant financial asset fair value losses led to a net loss [Revenue](index=17&type=section&id=Revenue_FR) Total revenue was approximately **HK$49,516 thousand**, a 6% decrease, with TFT-LCD and health product growth partially offsetting declines - Total revenue for the period was approximately **HK$49,516 thousand**, a decrease of approximately **6%** compared to the prior period[43](index=43&type=chunk) - Increased revenue from TFT-LCD panels and modules and health-related products partially offset significant decreases in optical products and electronic billboards revenue[43](index=43&type=chunk) [Gross Profit](index=18&type=section&id=Gross%20Profit) Gross profit increased by approximately **39%** to **HK$8,991 thousand**, primarily driven by higher revenue from better-margin products - Gross profit for the period was approximately **HK$8,991 thousand**, an increase of approximately **39%** compared to the prior period, mainly due to increased revenue from major products with higher gross margins[44](index=44&type=chunk) [Other Net (Loss)/Gain](index=18&type=section&id=Other%20Net%20%28Loss%29%2FGain_FR) The Group recorded an other net loss of approximately **HK$6,184 thousand**, mainly due to a **HK$7,060 thousand** fair value loss on financial assets - The Group recorded an other net loss of approximately **HK$6,184 thousand** for the period, primarily due to a fair value loss of approximately **HK$7,060 thousand** on financial assets at fair value through profit or loss (Mobvoi shares)[45](index=45&type=chunk) [Expenses](index=18&type=section&id=Expenses) Distribution and selling expenses decreased by 44%, general and administrative expenses by 5%, and R&D expenses by 31%, reflecting cost control - Distribution and selling expenses were approximately **HK$4,323 thousand**, a decrease of approximately **44%**, mainly due to reduced promotion expenses and staff costs[46](index=46&type=chunk) - General and administrative expenses were approximately **HK$10,762 thousand**, a decrease of approximately **5%**, mainly due to streamlined travel and professional fees[46](index=46&type=chunk) - Research and development expenses were approximately **HK$340 thousand**, a decrease of approximately **31%**, mainly due to reduced staff costs[46](index=46&type=chunk) [Finance Costs](index=18&type=section&id=Finance%20Costs_FR) Finance costs primarily consisted of **HK$55 thousand** in bank loan interest and **HK$8 thousand** in lease liability interest expenses - Finance costs for the period primarily consisted of interest expense on bank loans of approximately **HK$55 thousand** and interest expense on lease liabilities of approximately **HK$8 thousand**[47](index=47&type=chunk) [(Loss)/Profit Attributable to Owners of the Company for the Period](index=19&type=section&id=%28Loss%29%2FProfit%20Attributable%20to%20Owners%20of%20the%20Company%20for%20the%20Period) The loss attributable to owners was approximately **HK$12,624 thousand**, a reversal from profit, despite reduced operating losses - The loss attributable to owners of the Company for the period was approximately **HK$12,624 thousand**, compared to a profit of approximately HK$2,250 thousand in the prior period[48](index=48&type=chunk) - Despite a reduction in operating losses, the fair value loss on financial assets led to the Group turning from profit to loss for the period[48](index=48&type=chunk) [Liquidity and Financial Resources](index=19&type=section&id=Liquidity%20and%20Financial%20Resources) The Group's liquidity relies on operating cash flow and bank borrowings, with decreased cash and increased gearing, but sufficient resources are expected - The Group's primary sources of funds are used to finance working capital and to fund the growth and expansion of its operations and sales network[49](index=49&type=chunk) [Cash and Cash Equivalents by Currency](index=19&type=section&id=Cash%20and%20Cash%20Equivalents%20by%20Currency) This table presents the carrying amounts of the Group's bank deposits, bank balances, and cash, denominated in various currencies Cash and Cash Equivalents (HK$ thousand) | Currency | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | USD | 5,172 | 9,856 | | HKD | 5,157 | 6,556 | | RMB | 4,288 | 7,745 | | TWD | 486 | 250 | | **Total** | **15,103** | **24,407** | [Bank Borrowings and Repayment Schedule](index=20&type=section&id=Bank%20Borrowings%20and%20Repayment%20Schedule) The Group's total bank borrowings of approximately **HK$3,440 thousand** are due in 2029, with a detailed repayment schedule provided - As of June 30, 2025, the Group's total bank borrowings were approximately **HK$3,440 thousand**, obtained through the Hong Kong SAR Government's SME Financing Guarantee Scheme, and are due in 2029[51](index=51&type=chunk) Bank Loan Repayment Schedule (HK$ thousand) | Repayment Period | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | On demand or within one year | 754 | 743 | | More than one year but not exceeding two years | 778 | 766 | | More than two years but not exceeding five years | 1,908 | 2,300 | | **Total** | **3,440** | **3,809** | [Gearing Ratio](index=20&type=section&id=Gearing%20Ratio) As of June 30, 2025, the Group's gearing ratio increased to **10.8%** from 8.4% at December 31, 2024 - As of June 30, 2025, the Group's gearing ratio was **10.8%** (December 31, 2024: 8.4%)[52](index=52&type=chunk) [Contingent Liabilities](index=20&type=section&id=Contingent%20Liabilities) As of June 30, 2025, the Group had no significant contingent liabilities - As of June 30, 2025, the Group had no significant contingent liabilities[53](index=53&type=chunk) [Pledged Assets](index=20&type=section&id=Pledged%20Assets) As of June 30, 2025, the Group had no pledged assets - As of June 30, 2025, the Group had no pledged assets[54](index=54&type=chunk) [Capital Commitments](index=21&type=section&id=Capital%20Commitments) As of June 30, 2025, the Group had no significant capital commitments - As of June 30, 2025, the Group had no significant capital commitments[55](index=55&type=chunk) [Purchase, Sale or Redemption of Securities](index=21&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20Securities) During the period, neither the Company nor its subsidiaries purchased, sold, or redeemed any of the Company's shares - During the period, the Company did not redeem any of its shares, nor did the Company or any of its subsidiaries purchase or sell any shares of the Company[56](index=56&type=chunk) [Corporate Governance and Other Information](index=21&type=section&id=Corporate%20Governance%20and%20Other%20Information) This section covers the Group's corporate governance, compliance with trading codes, non-competition undertakings, and ongoing legal proceedings [Compliance with Code of Conduct for Directors' Securities Transactions](index=21&type=section&id=Compliance%20with%20Code%20of%20Conduct%20for%20Directors%27%20Securities%20Transactions) The Company adopted a stringent code of conduct for directors' securities transactions, with all directors confirming compliance - The Company has adopted a code of conduct for directors' securities transactions that is no less exacting than the required standards set out in Rules 5.48 to 5.67 of the GEM Listing Rules[57](index=57&type=chunk) - All directors confirmed compliance with the Company's adopted standards and code of conduct for trading during the period[57](index=57&type=chunk) [Non-Competition Undertaking](index=22&type=section&id=Non-Competition%20Undertaking) Controlling shareholders committed not to engage in businesses competing with the Group's restricted activities via a non-competition undertaking - Controlling shareholders Mr. Zheng Weide and Winful Enterprises Limited have entered into a deed of non-competition undertaking, committing not to directly or indirectly engage in, participate in, or hold any business that competes with the Group's restricted business[58](index=58&type=chunk) - The covenantors and their associates are also prohibited from interfering with or disrupting the restricted business, including soliciting the Group's customers, suppliers, or employees[59](index=59&type=chunk) [Competing Interests](index=22&type=section&id=Competing%20Interests) No directors or controlling shareholders held any competing business interests or other conflicts of interest with the Group during the period - During the period, no directors or controlling shareholders of the Company held any business or interest that competes or may compete with the Group's business, and there were no other conflicts of interest[60](index=60&type=chunk) [Legal Proceedings Involving the Company and Directors](index=22&type=section&id=Legal%20Proceedings%20Involving%20the%20Company%20and%20Directors) The Company and certain current/former directors are involved in SFC legal proceedings alleging breaches of duties, which are actively being defended - The Company received a petition from the SFC under Section 214 of the Securities and Futures Ordinance against certain current and former directors and the Company[61](index=61&type=chunk) - The SFC alleges that the director respondents breached their duties in relation to the disposal of approximately **50.14%** equity interest in Sunlit Photonics Inc[61](index=61&type=chunk) - The director respondents have suspended their directorships, and Mr. Zheng Weide has also suspended his roles as Chairman of the Board and Chief Executive Officer, with Mr. Jian Wenwei appointed as Acting Chairman[62](index=62&type=chunk) - The director respondents disagree with the SFC's allegations and intend to actively defend the proceedings, which are ongoing[63](index=63&type=chunk) [Corporate Governance](index=23&type=section&id=Corporate%20Governance) The Company has adopted and complied with all code provisions of the Corporate Governance Code as per Appendix C1 of the GEM Listing Rules - The Company has adopted and complied with all code provisions of the Corporate Governance Code in effect during the period[64](index=64&type=chunk) [Audit Committee](index=23&type=section&id=Audit%20Committee) The Audit Committee, comprising three independent non-executive directors and chaired by Ms. Xu Huimin, reviewed and provided input on this announcement - The Audit Committee comprises three independent non-executive directors, chaired by Ms. Xu Huimin, who possesses expertise in accounting and financial management[65](index=65&type=chunk) - The Audit Committee has reviewed this announcement and provided its opinions and responses[65](index=65&type=chunk) [By Order of the Board](index=23&type=section&id=By%20Order%20of%20the%20Board) This announcement is issued by Mr. Jian Wenwei, Acting Chairman, on behalf of the Board, including four executive directors (three suspended) and three independent non-executive directors - This announcement is issued by Mr. Jian Wenwei, the Acting Chairman, by order of the Board[66](index=66&type=chunk) - The Board comprises four executive directors (Mr. Zheng Weide, Mr. Liao Jiarong, Mr. Xie Jiarong, who have suspended their duties, and Mr. Zhang Huanjia) and three independent non-executive directors (Mr. Jian Wenwei, Ms. Xu Huimin, and Mr. Liu Yiji)[66](index=66&type=chunk)

Company Overview - Yuanmei Optoelectronics Co., Ltd. was established in 2000, primarily engaged in the trade of electronic display components, optical products, and related electronic parts development and sales [2] - The company has developed a sales and technical service center in Shenzhen, characterized by high-quality service and rapid response [2] Financial Performance - As of December 31, 2024, Yuanmei Optoelectronics reported total operating revenue of 85.76 million HKD, a year-on-year decrease of 25.47% [1] - The net profit attributable to the parent company was -39.73 million HKD, representing a year-on-year decline of 124.59% [1] - The gross profit margin stood at 11.5%, with a debt-to-asset ratio of 22.19% [1] Stock Performance - As of August 20, the stock price of Yuanmei Optoelectronics was 0.044 HKD per share, reflecting a 10.0% increase with a trading volume of 40,000 shares and a turnover of 1,849 HKD [1] - Over the past month, the stock has experienced a cumulative decline of 11.11%, while year-to-date, it has increased by 21.21%, underperforming the Hang Seng Index's increase of 25.24% [1] Industry Valuation - The average price-to-earnings (P/E) ratio for the information technology equipment industry is 41.63 times, with a median of 5.62 times [1] - Yuanmei Optoelectronics has a P/E ratio of -1.38 times, ranking 51st in the industry [1] - Comparatively, other companies in the industry have the following P/E ratios: Changhong Jiahua at 3.67 times, SIS INT'L at 3.78 times, Southern Communication at 4.56 times, Putian Communication Group at 6.67 times, and China Communication Services at 8.55 times [1] Future Outlook - A significant decline in the comprehensive income for the mid-year report of 2025 is anticipated, with estimates ranging from -14 million HKD to -12 million HKD, representing a year-on-year decrease of 633.33% to 722.22% [3]

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之內容概不負責， 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 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。 Perfect Optronics Limited 圓美光電有限公司 （於開曼群島註冊成立之有限公司） 1. 考慮及批准本公司及其附屬公司截至二零二五年六月三十日止六個月之中期未 經審核綜合業績及批准將於香港聯合交易所有限公司GEM（「GEM」）及本公司 網站刊登有關之公告；及 2. 處理任何其他事項。 （股份代號：8311） 董事會會議通告 圓美光電有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於二零二五年 八月二十九日舉行董事會會議，以便處理下列事項： 代表董事會 圓美光電有限公司 代理主席 簡文偉 香港，二零二五年八月十九日 於本公告日期，董事會包括四名執行董事，即鄭偉德先生（已暫停職務）、廖嘉榮先 生（已暫停職務）、謝家榮先生（已暫停職務）及張桓嘉先生；和三名獨立非執行董 事，即簡文偉先生（代理主席）、徐慧敏女士及劉毅基先生。 本公告的資料乃遵照《香港聯合交易所有限公司的GEM證券上 ...

Core Viewpoint - The company, Yuanmei Optoelectronics (08311), anticipates a financial loss for the first half of 2025, reversing from a profit in the same period of 2024, with an expected loss of approximately HKD 12 million to HKD 14 million for equity holders [1] Financial Performance - For the first half of 2024, the company reported a profit of approximately HKD 2.25 million for equity holders [1] - The expected loss in 2025 is primarily attributed to a fair value loss of approximately HKD 7.06 million on financial assets, compared to a fair value gain of approximately HKD 15.08 million in the same period of 2024 [1] Asset Valuation - The financial assets in question are ordinary shares of Out the Door Technology Limited, listed on the Hong Kong Stock Exchange (stock code: 2438), with their fair value estimated based on the market value of these shares [1] - Despite a reduction in operational losses compared to the same period in 2024, the fair value loss on financial assets is expected to lead to the overall loss for the period [1]