Core Viewpoint - The Hong Kong IPO market is active, with 57 new listings and a total fundraising amount of 131.9 billion HKD as of August 25. However, many companies face challenges in meeting both domestic and Hong Kong regulatory requirements for listing [1]. Group 1: Hong Kong IPO Overview - As of August 25, 2023, there have been 57 new IPOs on the Hong Kong Stock Exchange, raising a total of 131.9 billion HKD [1]. - There are currently 211 companies that have submitted applications for listing in Hong Kong [1]. Group 2: Listing Challenges - Companies looking to list in Hong Kong must comply with both domestic laws and Hong Kong's regulatory framework, making the IPO preparation process complex and demanding [1]. Group 3: Resources for Companies - A compilation of Hong Kong listing rules and disclosure documents for domestic companies planning to list in Hong Kong has been organized to assist businesses in understanding the latest regulatory dynamics [1].

Group 1 - Company Rongda Technology (09881) announced that Ms. Guo Yanting has resigned from her positions as (i) co-company secretary; (ii) authorized representative; and (iii) legal process agent, effective from August 25, 2025 [1] - Following Ms. Guo's resignation, the board is pleased to announce that Ms. Lai Haoen has been appointed as the co-company secretary, authorized representative, and legal process agent, effective from August 25, 2025 [1]

Group 1 - The company Rongda Technology (09881) reported a revenue of RMB 146 million for the six months ending June 30, 2025, representing a year-on-year decrease of 10.38% [1] - The company experienced a loss attributable to shareholders of RMB 6.398 million, marking a shift from profit to loss compared to the previous year [1] - The loss per share was reported at RMB 0.08 [1]

Group 1 - The core viewpoint of the article is that Rongda Technology (09881) reported a decline in revenue and a shift to a loss for the first half of the fiscal year ending June 30, 2025 [1] Group 2 - The company's revenue for the period was RMB 146 million, representing a year-on-year decrease of 10.38% [1] - The company recorded a loss attributable to shareholders of RMB 6.398 million, marking a transition from profit to loss compared to the previous year [1] - The loss per share was reported at RMB 0.08 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Rongta Technology (Xiamen) Group Co., Ltd. 1 容大合眾（廈門）科技集團股份公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：9881） (1)更換聯席公司秘書、授權代表及法律程序代理人； (2)豁免嚴格遵守上市規則第3.28條及第8.17條； 及 (3)更改香港主要營業地點的地址 聯席公司秘書、授權代表及法律程序代理人辭任 容大合眾（廈門）科技集團股份公司（「本公司」，連同其附屬公司統稱為「本集 團」）董事（「董事」）會（「董事會」）宣佈，郭彥廷女士（「郭女士」）已辭任(i)本公司 的聯席公司秘書（「聯席公司秘書」）;(ii)根據香港聯合交易所有限公司（「聯交所」） 證券上市規則（「上市規則」）第3.05條之本公司的授權代表（「授權代表」）；及(iii) 香港法例第622章《公司條例》第16部所規定本公司於香港的授權代表及上市規則 第19A.13( ...

[Interim Results Announcement](index=1&type=section&id=Interim%20Results%20Announcement) [Financial Performance Summary](index=1&type=section&id=%E8%B2%A1%E5%8B%99%E8%A1%A8%E7%8F%BE%E6%91%98%E8%A6%81) The company reported unaudited interim results for H1 2025, with revenue decreasing **10.4%** to **RMB 145,617 thousand** and a **net loss** of **RMB 6,398 thousand** Financial Performance Summary for the Six Months Ended June 30 | Metric | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | Revenue | 145,617 | 162,491 | | Gross Profit | 39,582 | 43,871 | | (Loss)/Profit Before Income Tax | (8,805) | 15,014 | | (Loss)/Profit and Total Comprehensive Income for the Period Attributable to Owners of the Company | (6,398) | 14,413 | | Basic and Diluted (Loss)/Earnings Per Share (RMB per share) | (0.08) | 0.18 | | Adjusted Net Profit (Non-IFRS Measure) | 12,348 | 21,585 | [Management Discussion and Analysis](index=2&type=section&id=%E7%AE%A1%E7%90%86%E5%B1%A4%E8%A8%8E%E8%AB%96%E8%88%87%E5%88%86%E6%9E%90) This section details the company's H1 **2025** business performance, future strategies, financial position, and key risks, noting **revenue decline** due to external factors but **stable gross margin** through **cost control** [Business Review](index=2&type=section&id=%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7) Group **revenue decreased 10.4%** to **RMB 145.6 million** due to external factors, with **stable gross margin** at **27.2%** despite product line declines - During the reporting period, the Group's **revenue** was approximately **RMB 145.6 million**, a **decrease** of approximately **10.4%** compared to the same period in **2024**[5](index=5&type=chunk) - The **revenue decline** was primarily due to external factors, including tighter import policies in Africa, geopolitical impacts in Europe, and customer project delays[5](index=5&type=chunk) - Sales of printing equipment, portable learning printers, traditional weighing scales, and POS terminals/PDAs all **decreased**, though **growth** in the US market partially offset the **decline** in POS terminal/PDA sales[5](index=5&type=chunk) - The Group's **gross profit margin** remained relatively **stable** at approximately **27.2%**, primarily due to effective **cost control** and **increased R&D investment** to strengthen product competitiveness[5](index=5&type=chunk) [Outlook](index=2&type=section&id=%E5%B1%95%E6%9C%9B) The Group plans to enhance international supply chain resilience, strengthen technology integration, hedge regional volatility, and support strategic investments through capacity expansion, market penetration, product innovation, and financial control - Capacity: Continue to expand Malaysia production scale to enhance international supply chain resilience; Wuhan R&D center is expected to operate in **2026**, strengthening IoT and AI technology integration[6](index=6&type=chunk) - Market Expansion: Deepen cooperation in Southeast Asia and the Middle East; promote AI weighing scales and industrial-grade printing equipment in Europe and America; advance domestic projects and increase promotion of hazardous waste products[6](index=6&type=chunk) - Product R&D: Iterate AI smart scales to integrate SaaS functions and develop modular POS terminals to adapt to emerging markets[6](index=6&type=chunk) - Financial Control: Strictly control accounts receivable, optimize financing costs; gearing ratio approximately **42.2%** after listing, reserving approximately **HKD 131.2 million** net proceeds from global offering to support strategic investments[6](index=6&type=chunk) [Revenue](index=3&type=section&id=%E6%94%B6%E7%9B%8A) Group **revenue decreased 10.4%** to **RMB 145.6 million** due to slow project approvals and product specification changes, with **declines** across all product segments, notably POS terminals/PDAs down **23.2%** - During the reporting period, **revenue** was approximately **RMB 145.6 million**, a **decrease** of approximately **10.4%** compared to **RMB 162.5 million** in the same period of **2024**[7](index=7&type=chunk) - The **decrease** in **revenue** was primarily due to slow approval progress for some customer projects and requests for further product specification improvements before delivery[7](index=7&type=chunk) Revenue by Product and Service Segment | Product Segment | 2025 (RMB '000) | 2024 (RMB '000) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Printing Equipment | 100,453 | 109,534 | -8.3% | | Weighing Scales | 24,034 | 27,133 | -11.4% | | POS Terminals and PDAs | 12,363 | 16,088 | -23.2% | | Accessories and Other Purchased Products | 7,877 | 8,716 | -9.7% | | Others | 890 | 1,020 | -12.7% | | **Total** | **145,617** | **162,491** | **-10.4%** | [Cost of Sales](index=4&type=section&id=%E9%8A%B7%E5%94%AE%E6%88%90%E6%9C%AC) **Cost of sales decreased 10.6%** to **RMB 106.0 million**, primarily due to effective **cost control**, leading to reductions in raw material, manufacturing, and transportation costs - During the reporting period, **cost of sales** was approximately **RMB 106.0 million**, a **decrease** of approximately **10.6%** compared to **RMB 118.6 million** in the same period of **2024**[13](index=13&type=chunk) - The **decrease** in **cost of sales** was primarily due to the Group's effective **cost control**, resulting in corresponding **reductions** in material, manufacturing, and transportation costs[13](index=13&type=chunk) Cost of Sales Details | Item | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | Raw materials cost | 84,875 | 100,974 | | Labor cost | 13,686 | 13,028 | | Direct production expenses | 1,714 | 1,915 | | Depreciation and amortization | 4,575 | 4,118 | | Impairment (reversal) of inventories | (429) | (2,660) | | Others | 1,614 | 1,245 | | **Total** | **106,035** | **118,620** | [Gross Profit and Gross Profit Margin](index=5&type=section&id=%E6%AF%9B%E5%88%A9%E5%8F%8A%E6%AF%9B%E5%88%A9%E7%8E%87) **Gross profit decreased** by **RMB 4.3 million** to **RMB 39.6 million**, but the **gross profit margin** remained **stable** at **27.2%**, indicating effective **cost management** despite lower **revenue** - During the reporting period, **gross profit** was approximately **RMB 39.6 million**, a **decrease** of approximately **RMB 4.3 million** compared to the same period in **2024**[14](index=14&type=chunk) - **Gross profit margin** remained relatively **stable** at approximately **27.2%**, an **increase** of **0.2 percentage points** compared to the same period in **2024**[14](index=14&type=chunk) [Other Income](index=5&type=section&id=%E5%85%B6%E4%BB%96%E6%94%B6%E5%85%A5) **Other income decreased 19.2%** to **RMB 6.3 million**, primarily due to a **reduction** in government grants, including R&D subsidies and VAT refunds - During the reporting period, **other income** was approximately **RMB 6.3 million**, a **decrease** of approximately **19.2%** compared to the same period in **2024**[15](index=15&type=chunk) - The **decrease** was primarily due to a **reduction** in government grants (including R&D-related grants and operating VAT refund grants)[15](index=15&type=chunk) [Net Other Gains](index=5&type=section&id=%E5%85%B6%E4%BB%96%E6%94%B6%E7%9B%8A%E6%B7%A8%E9%A1%8D) **Net other gains increased 600.0%** to **RMB 0.7 million**, mainly due to the absence of foreign exchange forward contract **losses** and higher **gains** from property, plant, and equipment disposals - During the reporting period, **net gains** of approximately **RMB 0.7 million** were recorded, an **increase** of approximately **600.0%** compared to the same period in **2024**[16](index=16&type=chunk) - The **increase** was primarily due to no foreign exchange forward contracts in H1 **2025** and **increased net gains** from disposal of property, plant and equipment[16](index=16&type=chunk) [Selling and Marketing Expenses](index=5&type=section&id=%E9%8A%B7%E5%94%AE%E5%8F%8A%E7%87%9F%E9%8Š%B7%E9%96%8B%E6%94%AF) **Selling and marketing expenses increased 7.1%** to **RMB 13.6 million**, driven by higher sales personnel **costs**, **increased** advertising for exhibitions, and greater e-commerce platform promotion fees - During the reporting period, **selling and marketing expenses** were approximately **RMB 13.6 million**, an **increase** of approximately **7.1%** compared to the same period in **2024**[17](index=17&type=chunk) - The **increase** was primarily due to **increased** labor **costs** for sales personnel, **increased** advertising and other marketing expenses (due to participation in more exhibitions), and **increased** service fees due to greater promotion efforts on e-commerce platforms[17](index=17&type=chunk) [General and Administrative Expenses](index=6&type=section&id=%E4%B8%80%E8%88%AC%E5%8F%8A%E8%A1%8C%E6%94%BF%E9%96%8B%E6%94%AF) **General and administrative expenses surged 80.5%** to **RMB 31.4 million**, primarily due to non-recurring listing expenses incurred from the company's **June 2025** listing on the Stock Exchange - During the reporting period, **general and administrative expenses** were approximately **RMB 31.4 million**, an **increase** of approximately **80.5%** compared to the same period in **2024**[18](index=18&type=chunk) - The **increase** was primarily due to non-recurring listing expenses incurred from the company's shares being listed on the Stock Exchange in **June 2025**[18](index=18&type=chunk) [Research and Development Expenses](index=6&type=section&id=%E7%A0%94%E7%99%BC%E9%96%8B%E6%94%AF) R&D expenses **increased 52.5%** to **RMB 9.3 million**, mainly due to higher R&D staff numbers and benefits, coupled with reduced capitalization of R&D projects - During the reporting period, **R&D expenses** were approximately **RMB 9.3 million**, an **increase** of approximately **52.5%** compared to the same period in **2024**[19](index=19&type=chunk) - The **increase** was primarily due to an **increase** in the number of R&D employees and their benefits, as well as a **decrease** in the capitalization of R&D projects[19](index=19&type=chunk) [Impairment Losses on Financial Assets (Provision)/Reversal](index=6&type=section&id=%E9%87%91%E8%9E%8D%E8%B3%87%E7%94%A2%E6%B8%9B%E5%80%BC%E虧%E6%90%8D%EF%BC%88%E6%92%A5%E5%82%99%EF%BC%89%E2%88%95%E6%92%A5%E5%9B%9E) **Impairment losses** on financial assets recorded a **provision** of **RMB 79 thousand**, a shift from a **RMB 122 thousand reversal** in **2024**, primarily due to delayed customer settlements - During the reporting period, a **provision** for **impairment losses** on financial assets of **RMB 79 thousand** was recorded, compared to a **reversal** of **impairment losses** on financial assets of **RMB 122 thousand** in the same period of **2024**[20](index=20&type=chunk) - The **change** was primarily due to delayed settlement of certain customer accounts during the reporting period[20](index=20&type=chunk) [Finance Income and Costs](index=6&type=section&id=%E8%B2%A1%E5%8B%99%E6%94%B6%E5%85%A5%E5%8F%8A%E6%88%90%E6%9C%AC) **Net finance costs increased 42.9%** to **RMB 1.0 million**, primarily due to lower bank deposit interest income compared to higher USD deposit interest in the prior year - During the reporting period, **net finance costs** were approximately **RMB 1.0 million**, an **increase** of approximately **42.9%** compared to the same period in **2024**[21](index=21&type=chunk) - The **increase** was primarily due to a **decrease** in bank deposit interest income during the reporting period, whereas there was more interest income from USD deposits in the same period of **2024**[21](index=21&type=chunk) - During the reporting period, an **income tax credit** of approximately **RMB 2.4 million** was recorded, compared to an **income tax expense** of approximately **RMB 0.6 million** in H1 **2024**, primarily due to the recognition of deferred tax assets from the Group's **loss** for the period[22](index=22&type=chunk) [Net Profit and Net Profit Margin](index=7&type=section&id=%E6%B7%A8%E5%88%A9%E6%BD%A4%E5%8F%8A%E6%B7%A8%E5%88%A9%E6%BD%A4%E7%8E%87) The Group's **net profit** shifted from a **RMB 14.4 million profit** to a **RMB 6.4 million loss**, with **net profit margin declining** from **8.9%** to **negative 4.4%**, driven by listing expenses, reduced **revenue**, and **increased R&D costs** - The Group's **net profit decreased** from approximately **RMB 14.4 million** for the six months ended **June 30, 2024**, to an approximate **loss** of **RMB 6.4 million** for the reporting period[23](index=23&type=chunk) - The **net profit margin decreased** from approximately **8.9%** to approximately **negative 4.4%**[23](index=23&type=chunk) - The **decrease** was primarily due to an **increase** in **general and administrative expenses** (due to listing expenses), **decreased revenue**, and **increased R&D expenses**[23](index=23&type=chunk) [Adjusted Net Profit (Non-IFRS Measure)](index=7&type=section&id=%E7%B6%93%E8%AA%BF%E6%95%B4%E6%B7%A8%E5%88%A9%E6%BD%A4%EF%BC%88%E9%9D%9E%E5%9C%8B%E9%9A%9B%E8%B2%A1%E5%8B%99%E5%A0%B1%E5%91%8A%E6%BA%96%E5%89%87%E8%A8%88%E9%87%8F%EF%BC%89) To better reflect core operations, the Group presents **adjusted net profit** (non-IFRS measure), excluding listing expenses, reporting **RMB 12,348 thousand** with an **8.5% adjusted net profit margin** - The Group presents **adjusted net profit** and **adjusted net profit margin** as non-IFRS measures to exclude the impact of listing expenses and share-based payments[24](index=24&type=chunk) Adjusted Net Profit Reconciliation | Metric | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | Profit for the period | (6,398) | 14,413 | | Add: Listing expenses | 18,746 | 7,172 | | **Adjusted Net Profit (Non-IFRS Measure)** | **12,348** | **21,585** | | **Adjusted Net Profit Margin (Non-IFRS Measure)** | **8.5%** | **13.3%** | [Liquidity and Financial Resources](index=8&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91%E5%8F%8A%E8%B2%A1%E5%8B%99%E8%B3%87%E6%BA%90) The Group maintains prudent capital management, with **cash and cash equivalents surging 1,897.4%** to **RMB 151.8 million** due to global offering proceeds, facing fair value interest rate risk on borrowings and lease liabilities - The Group has adopted a prudent capital management policy to maintain a **stable liquidity position**[26](index=26&type=chunk) - As of **June 30, 2025**, the total **cash and cash equivalents balance** was approximately **RMB 151.8 million**, an **increase** of approximately **1,897.4%** compared to **December 31, 2024**, primarily due to the proceeds from the global offering[26](index=26&type=chunk) - As of **June 30, 2025**, **total equity** was approximately **RMB 307.1 million**, a **significant increase** compared to approximately **RMB 160.1 million** as of **December 31, 2024**[27](index=27&type=chunk) [Capital Expenditure](index=9&type=section&id=%E8%B3%87%E6%9C%AC%E9%96%8B%E6%94%AF) **Capital expenditure increased** by **RMB 23.6 million** to **RMB 35.4 million**, primarily for the construction of the Malaysia production base, including land, construction, and equipment investments - During the reporting period, **capital expenditure** was approximately **RMB 35.4 million**, an **increase** of approximately **RMB 23.6 million** compared to the same period last year[28](index=28&type=chunk) - The **increase** was primarily due to investments in the construction of the Malaysia production base during the reporting period, including land, construction, and equipment investments[28](index=28&type=chunk) [Capital Commitments](index=9&type=section&id=%E8%B3%87%E6%9C%AC%E6%89%BF%E6%93%94) As of **June 30, 2025**, the Group had no material capital commitments - The Group had no material capital commitments as of **June 30, 2025**[29](index=29&type=chunk) [Borrowings](index=9&type=section&id=%E5%80%9F%E6%AC%BE) As of **June 30, 2025**, the Group's bank borrowings totaled **RMB 145.7 million**, all due within **two years** at fixed interest rates, with **RMB 140.0 million** in undrawn bank facilities - As of **June 30, 2025**, the Group's **total bank borrowings** were approximately **RMB 145.7 million**, all of which are due within **two years**[30](index=30&type=chunk) - All outstanding bank borrowings bear **fixed interest rates** and are denominated in RMB[30](index=30&type=chunk) - As of **June 30, 2025**, the Group had undrawn bank facilities of approximately **RMB 140.0 million**[30](index=30&type=chunk) [Lease Liabilities](index=9&type=section&id=%E7%A7%9F%E8%B3%83%E8%B2%A0%E5%82%B5) **Lease liabilities decreased** from **RMB 0.2 million** to **RMB 0.1 million**, primarily due to reduced balances from lease payments and associated interest - **Lease liabilities decreased** from approximately **RMB 0.2 million** as of **December 31, 2024**, to approximately **RMB 0.1 million** as of **June 30, 2025**[31](index=31&type=chunk) - The **decrease** was primarily due to **reduced balances** resulting from lease payments and related interest payments[31](index=31&type=chunk) [Contingent Liabilities](index=9&type=section&id=%E6%88%96%E7%84%B6%E8%B2%A0%E5%82%B5) Excluding civil litigation disclosed in the prospectus and subsequent announcements, the Group had no material contingent liabilities as of **June 30, 2025** - Excluding the civil litigation disclosed in the prospectus and announcements dated **July 3, 2025**, and **July 25, 2025**, the Group had no material contingent liabilities as of **June 30, 2025**[32](index=32&type=chunk) [Employees and Remuneration Policies](index=10&type=section&id=%E5%93%A1%E5%B7%A5%E5%8F%8A%E8%96%AA%E9%85%AC%E6%94%BF%E7%AD%96) As of **June 30, 2025**, the Group had **653** employees with total employee benefit expenses of **RMB 40.0 million**, offering performance bonuses and an employee share scheme based on market and individual capabilities - As of **June 30, 2025**, the Group had **653** employees, and total employee benefit expenses for the reporting period were approximately **RMB 40.0 million**[33](index=33&type=chunk) - The Group established an **employee share scheme** since **2017**, holding shares through two platforms, Xiamen Gaoli Hezhong and Xiamen Gaoli Zhongcheng, to recognize and incentivize employee contributions[34](index=34&type=chunk) [Pledge of Assets](index=10&type=section&id=%E8%B3%87%E7%94%A2%E6%8A%B5%E6%8A%BC) Certain bank loans are secured by mortgages on the new Xiamen production base in Tongan District, Xiamen, China, with a total carrying value of approximately **RMB 118.9 million** as of **June 30, 2025** - Certain bank loans of the Group are secured by mortgages on the new Xiamen production base located in Tongan District, Xiamen, China[35](index=35&type=chunk) - The total carrying value of the related pledged assets was approximately **RMB 118.9 million** as of **June 30, 2025**[35](index=35&type=chunk) [Material Investments, Acquisitions and Disposals](index=10&type=section&id=%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%E4%BA%8B%E9%A0%85) As of **June 30, 2025**, the Group had no material investments, acquisitions, or disposals, but post-period, a subsidiary agreed to acquire an industrial building in Shanghai for **RMB 42,910,983**, funded by internal resources - As of **June 30, 2025**, the Group did not hold any material investments, nor were there any material acquisitions or disposals of subsidiaries, associates, and joint ventures[36](index=36&type=chunk) - On **July 30, 2025**, the company's wholly-owned subsidiary agreed to acquire industrial buildings located at No. **172** and No. **173**, Lane **3938**, Huqingping Highway, Qingpu District, Shanghai, China, for **RMB 42,910,983**[37](index=37&type=chunk) - The total consideration for the acquisition will be funded by the Group's internal resources, and the proceeds from the global offering will not be used for payment[37](index=37&type=chunk) [Gearing Ratio](index=11&type=section&id=%E8%B3%87%E7%94%A2%E8%B2%A0%E5%82%B5%E6%AF%94%E7%8E%87) The Group's **gearing ratio decreased** to **42.2%** from **52.5%**, primarily due to **increased shareholders' equity** following the company's **June 2025** listing on the Stock Exchange - The Group's **gearing ratio** was approximately **42.2%** as of **June 30, 2025**, a **decrease** from approximately **52.5%** as of **December 31, 2024**[38](index=38&type=chunk) - The **decrease** was primarily due to the **increase** in shareholders' equity as a result of the company's shares being listed on the Stock Exchange in **June 2025**[38](index=38&type=chunk) [Currency Risk](index=11&type=section&id=%E8%B2%A8%E5%B9%A3%E9%A2%A8%E9%9A%AA) The Group faces foreign exchange risk from USD-denominated **revenue**/costs and HKD-denominated global offering proceeds, with no significant issues during the period, and management monitors and considers hedging without a current policy - The Group faces **currency risk** arising from **revenue** and certain **costs** denominated in foreign currencies (primarily USD) and proceeds from the global offering denominated in HKD[39](index=39&type=chunk) - During the reporting period, there were no significant difficulties or impacts on its operations or liquidity due to fluctuations in currency exchange rates[39](index=39&type=chunk) - The Group currently has no foreign exchange hedging policy, but management monitors foreign exchange risk and considers hedging when necessary[39](index=39&type=chunk) [Significant Events After Reporting Period](index=11&type=section&id=%E5%A0%B1%E5%91%8A%E6%9C%9F%E5%BE%8C%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A0%85) No significant events affecting the Group occurred from **June 30, 2025**, to the date of this announcement, other than those disclosed herein - Except as disclosed in this announcement, no significant events affecting the Group have occurred from **June 30, 2025**, up to the date of this announcement[40](index=40&type=chunk) [Condensed Consolidated Interim Statement of Comprehensive Income](index=12&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**, the Group reported **revenue** of **RMB 145,617 thousand**, **gross profit** of **RMB 39,582 thousand**, an **operating loss** of **RMB 7,801 thousand**, and a **total comprehensive loss** of **RMB 6,398 thousand** Condensed Consolidated Interim Statement of Comprehensive Income (For the Six Months Ended June 30) | Item | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | Revenue | 145,617 | 162,491 | | Cost of Sales | (106,035) | (118,620) | | Gross Profit | 39,582 | 43,871 | | Selling and Marketing Expenses | (13,556) | (12,668) | | General and Administrative Expenses | (31,365) | (17,428) | | Research and Development Expenses | (9,346) | (6,123) | | Impairment Losses on Financial Assets (Provision)/Reversal, Net | (79) | 122 | | Other Income | 6,259 | 7,812 | | Net Other Gains | 704 | 110 | | Operating (Loss)/Profit | (7,801) | 15,696 | | Net Finance Costs | (1,004) | (682) | | (Loss)/Profit Before Income Tax | (8,805) | 15,014 | | Income Tax Expense | 2,407 | (601) | | (Loss)/Profit and Total Comprehensive Income for the Period Attributable to Owners of the Company | (6,398) | 14,413 | | Basic and Diluted (Loss)/Earnings Per Share (RMB) | (0.08) | 0.18 | [Condensed Consolidated Interim Statement of Financial Position](index=13&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 increased 57.6%** to **RMB 531,260 thousand**, with **total equity** at **RMB 307,057 thousand**, **total liabilities** at **RMB 224,203 thousand**, and **cash and cash equivalents significantly rising** to **RMB 151,779 thousand** Condensed Consolidated Interim Statement of Financial Position (As of June 30) | Item | June 30, 2025 (RMB '000) | Dec 31, 2024 (RMB '000) | | :--- | :--- | :--- | | **ASSETS** | | | | Non-current assets | 183,506 | 156,254 | | Current assets | 347,754 | 180,874 | | **TOTAL ASSETS** | **531,260** | **337,128** | | **EQUITY** | | | | Total equity | 307,057 | 160,063 | | **LIABILITIES** | | | | Non-current liabilities | 17,908 | 31,883 | | Current liabilities | 206,295 | 145,182 | | **TOTAL LIABILITIES** | **224,203** | **177,065** | | **TOTAL EQUITY AND LIABILITIES** | **531,260** | **337,128** | - **Cash and cash equivalents increased significantly** from **RMB 7,609 thousand** as of **December 31, 2024**, to **RMB 151,779 thousand** as of **June 30, 2025**[42](index=42&type=chunk) [Condensed Consolidated Interim Statement of Changes in Equity](index=15&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) **Total equity attributable** to owners **increased** to **RMB 307,057 thousand**, driven by a **RMB 167,992 thousand increase** from share issuance upon listing, partially offset by a **RMB 6,398 thousand loss** and capitalized listing expenses Condensed Consolidated Interim Statement of Changes in Equity (For the Six Months Ended June 30) | Item | Share Capital (RMB '000) | Reserves (RMB '000) | Retained Earnings (RMB '000) | Total (RMB '000) | | :--- | :--- | :--- | :--- | :--- | | As of January 1, 2025 | 76,333 | 20,044 | 63,686 | 160,063 | | Loss for the period | – | – | (6,398) | (6,398) | | Shares issued upon listing | 18,400 | 149,592 | – | 167,992 | | Listing expenses capitalized after listing | – | (14,451) | – | (14,451) | | Foreign currency translation differences | – | (149) | – | (149) | | **Balance as of June 30, 2025** | **94,733** | **155,036** | **57,288** | **307,057** | [Condensed Consolidated Interim Statement of Cash Flows](index=16&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 H1 **2025**, **net cash outflow** from operating activities was **RMB 31,027 thousand**, **net cash outflow** from investing activities was **RMB 36,883 thousand**, and **net cash inflow** from financing activities was **RMB 212,558 thousand**, significantly **increasing period-end cash** to **RMB 151,779 thousand** Condensed Consolidated Interim Statement of Cash Flows (For the Six Months Ended June 30) | Item | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | Net Cash (Used in)/Generated from Operating Activities | (31,027) | 12,067 | | Net Cash Used in Investing Activities | (36,883) | (33,667) | | Net Cash Generated from Financing Activities | 212,558 | 24,307 | | Net Increase in Cash and Cash Equivalents | 144,648 | 2,707 | | Cash and Cash Equivalents at End of Period | 151,779 | 17,917 | - **Net cash generated** from financing activities **increased significantly**, primarily due to proceeds from the issuance of shares and other equity instruments of **RMB 167,992 thousand**[46](index=46&type=chunk) [Notes to the Condensed Consolidated Interim Financial Statements](index=17&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%E5%A0%B1%E8%A1%A8%E9%99%84%E8%A8%BB) This section provides detailed notes to the condensed consolidated interim financial statements, covering general information, basis of preparation, significant accounting policies, estimates, financial risk management, revenue and segment information, expenses, finance income and costs, income tax, earnings per share, dividends, asset details, and related party transactions [1 General Information of the Group](index=17&type=section&id=1%20%E6%9C%AC%E9%9B%86%E5%9C%98%E7%9A%84%E4%B8%80%E8%88%AC%E8%B3%87%E6%96%99) Rongda United (Xiamen) Technology Group Co., Ltd., incorporated in China, manufactures and sells AIDC equipment, including printers, scales, POS terminals, and PDAs, with its shares listed on the HKEX Main Board since **June 10, 2025** - The company primarily engages in the manufacturing and sale of automatic identification and data collection (AIDC) equipment in China, including specialized printers, weighing scales, point-of-sale (POS) terminals, and personal digital assistant (PDA) devices, as well as providing related solutions[47](index=47&type=chunk) - The company's shares have been listed on the Main Board of The Stock Exchange of Hong Kong Limited since **June 10, 2025**[48](index=48&type=chunk) [2 Basis of Preparation](index=17&type=section&id=2%20%E7%B7%A8%E8%A3%BD%E5%9F%BA%E6%BA%96) The condensed consolidated interim financial statements are prepared under IAS **34** 'Interim Financial Reporting' and should be read with the **2024** annual financial statements, with consistent accounting policies except for new and revised standards adoption - The condensed consolidated interim financial statements are prepared in accordance with International Accounting Standard **34** 'Interim Financial Reporting'[51](index=51&type=chunk) - The accounting policies adopted in the preparation are consistent with those followed in the preparation of the **2024** financial statements, except for the adoption of new and revised standards[51](index=51&type=chunk) [3 Significant Accounting Policies](index=17&type=section&id=3%20%E9%87%8D%E5%A4%A7%E6%9C%83%E8%A8%88%E6%94%BF%E7%AD%96) Key accounting policies for these interim financial statements align with **2024**, with the adoption of new/revised standards like IAS **21** (Amendment) 'Lack of Exchangeability' effective **January 1, 2025**, and other standards pending future effectiveness - The principal accounting policies adopted in the preparation of these condensed consolidated interim financial statements are consistent with those applied in the **2024** financial statements, except for the adoption of new and revised standards[52](index=52&type=chunk) - The Group adopted International Accounting Standard **21** (Amendment) 'Lack of Exchangeability', effective **January 1, 2025**[54](index=54&type=chunk)[56](index=56&type=chunk) - New and revised standards that will be effective in future years include IFRS **9** and **7** (Amendments) 'Classification and Measurement of Financial Instruments' and 'Renewable Electricity Contracts', and IFRS **18** 'Presentation and Disclosure in Financial Statements', among others[57](index=57&type=chunk) [4 Estimates](index=18&type=section&id=4%20%E4%BC%B0%E8%A8%88) Interim financial statement preparation requires management judgments, estimates, and assumptions, where actual results may differ, with key judgments and estimation uncertainties consistent with the **2024** financial statements - The preparation of interim financial statements requires management to make judgments, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses[58](index=58&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 **2024** financial statements[58](index=58&type=chunk) [5 Financial Risk Management](index=19&type=section&id=5%20%E8%B2%A1%E5%8B%99%E9%A2%A8%E9%9A%AA%E7%AE%A1%E7%90%86) The Group faces market (currency, interest rate), credit, and liquidity risks, with unchanged risk management policies since year-end, managing credit risk on cash and receivables, liquidity through cash and financing, and fair value measurement using a three-level hierarchy and discounted cash flow for wealth management products - The Group's activities expose it to various financial risks: market risk (including currency risk and interest rate risk), **credit risk**, and **liquidity risk**[59](index=59&type=chunk) - The Group's **risk management** policies have not changed since the end of the prior year[60](index=60&type=chunk) - **Credit risk** primarily relates to **cash and cash equivalents**, **trade and bills receivables**, and other financial assets measured at amortized cost[61](index=61&type=chunk) - **Liquidity risk** is managed by maintaining sufficient **cash and cash equivalents** and is regularly monitored[68](index=68&type=chunk) - The **fair value** of wealth management products is estimated using the discounted cash flow method based on management's judgments and estimates of expected returns[74](index=74&type=chunk) [6 Revenue and Segment Information](index=23&type=section&id=6%20%E6%94%B6%E7%9B%8A%E5%8F%8A%E5%88%86%E9%83%A8%E8%B3%87%E6%96%99) The Group primarily manufactures and sells AIDC equipment in China, recognizing **revenue** by product/service at a point in time, with China **revenue** at **RMB 74,193 thousand** and overseas at **RMB 71,424 thousand**, and contract liabilities mainly from non-refundable customer prepayments - The Group primarily engages in the manufacturing and sale of specialized printers, weighing scales, POS terminals, and PDA equipment, as well as providing related solutions in China[80](index=80&type=chunk) Revenue by Region (For the Six Months Ended June 30) | Region | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | China | 74,193 | 79,816 | | Overseas Countries | 71,424 | 82,675 | | **Total** | **145,617** | **162,491** | - Contract liabilities relate to non-refundable prepayments from the Group's customers, amounting to **RMB 7,782 thousand** as of **June 30, 2025**[82](index=82&type=chunk) [7 Expenses by Nature](index=25&type=section&id=7%20%E6%8C%89%E6%80%A7%E8%B3%AA%E5%8A%83%E5%88%86%E7%9A%84%E9%96%8B%E6%94%AF) This section details **expenses** by nature, including raw materials, employee benefits, listing expenses, amortization, and depreciation, with **total expenses incurred** at **RMB 163,178 thousand** and **RMB 160,302 thousand deducted** from **profit or loss** after capitalizing development expenses Expenses by Nature Details (For the Six Months Ended June 30) | Item | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | Raw materials and consumables used | 84,883 | 97,815 | | Employee benefit expenses | 39,985 | 37,072 | | Listing expenses | 18,746 | 7,172 | | Amortisation of intangible assets | 3,297 | 2,916 | | Depreciation of property, plant and equipment | 2,162 | 2,127 | | Net reversal of impairment losses on inventories | (429) | (2,660) | | **Total expenses incurred** | **163,178** | **160,094** | | Less: Development expenditure capitalised in intangible assets | (2,876) | (5,255) | | **Total expenses deducted from profit or loss** | **160,302** | **154,839** | [8 Finance Income and Costs](index=26&type=section&id=8%20%E8%B2%A1%E5%8B%99%E6%94%B6%E5%85%A5%E5%8F%8A%E6%88%90%E6%9C%AC) **Finance income** was **RMB 259 thousand** and **finance costs** were **RMB 1,263 thousand**, resulting in **net finance costs** of **RMB 1,004 thousand**, an **increase** from **RMB 682 thousand** in the prior period Finance Income and Costs (For the Six Months Ended June 30) | Item | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | Finance income | 259 | 673 | | Finance costs | (1,263) | (1,355) | | **Net Finance Costs** | **(1,004)** | **(682)** | [9 Income Tax Expense](index=26&type=section&id=9%20%E6%89%80%E5%BE%97%E7%A8%85%E9%96%8B%E6%94%AF) **Income tax credit** of **RMB 2,407 thousand** was recorded, compared to an **expense** of **RMB 601 thousand** in the prior period, mainly due to deferred tax asset recognition from the Group's **loss**, with the company enjoying a **15%** high-tech enterprise tax rate and subsidiaries qualifying for small-profit enterprise tax benefits Income Tax Expense (For the Six Months Ended June 30) | Item | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | Current income tax expense | 404 | – | | Deferred income tax expense | (2,811) | 601 | | **Total** | **(2,407)** | **601** | - The company enjoys a high-tech enterprise preferential income tax rate of **15%**, valid until **2026**[88](index=88&type=chunk) - Chinese subsidiaries that qualify as "small-profit enterprises" enjoy preferential tax treatment, with taxable income reduced by **25%** or **50%** and corporate income tax paid at a **20%** rate[89](index=89&type=chunk) [10 Earnings Per Share](index=27&type=section&id=10%20%E6%AF%8F%E8%82%A1%E7%9B%88%E5%88%A9) **Loss attributable** to owners was **RMB 6,398 thousand**, with a weighted average of **76,333 thousand** ordinary shares outstanding, resulting in a **basic and diluted loss per share** of **RMB 0.08** - The company had no potentially dilutive ordinary shares outstanding during the reporting period, so **diluted earnings per share** is equal to **basic earnings per share**[93](index=93&type=chunk) Earnings Per Share Calculation (For the Six Months Ended June 30) | Item | 2025 | 2024 | | :--- | :--- | :--- | | (Loss)/Profit attributable to owners of the Company (RMB '000) | (6,398) | 14,413 | | Weighted average number of ordinary shares in issue ('000 shares) | 76,333 | 78,167 | | Basic and diluted earnings per share (RMB) | (0.08) | 0.18 | [11 Dividends](index=28&type=section&id=11%20%E8%82%A1%E6%81%AF) No dividends were paid, declared, or proposed for the six months ended **June 30, 2025** (H1 **2024**: **RMB 1,500,000**) - No dividends were paid, declared, or proposed for the six months ended **June 30, 2025** (for the six months ended **June 30, 2024**: **RMB 1,500,000**)[96](index=96&type=chunk) [12 Property, Plant and Equipment, Right-of-Use Assets, Investment Properties and Intangible Assets](index=28&type=section&id=12%20%E7%89%A9%E6%A5%AD%E3%80%81%E5%BB%A0%E6%88%BF%E5%8F%8A%E8%A8%AD%E5%82%99%E3%80%81%E4%BD%BF%E7%94%A8%E6%AC%8A%E8%B3%87%E7%94%A2%E3%80%81%E6%8A%95%E8%B3%87%E7%89%A9%E6%A5%AD%E5%8F%8A%E7%84%A1%E5%BD%A2%E8%B3%87%E7%94%A2) As of **June 30, 2025**, property, plant and equipment had a carrying value of **RMB 84,203 thousand**, and intangible assets **RMB 22,600 thousand**, with additions of **RMB 6,379 thousand** and **RMB 2,876 thousand** respectively during the period Property, Plant and Equipment, Right-of-Use Assets, Investment Properties and Intangible Assets Movement (As of June 30) | Item | Property, Plant and Equipment (RMB '000) | Right-of-Use Assets (RMB '000) | Investment Properties (RMB '000) | Intangible Assets (RMB '000) | | :--- | :--- | :--- | :--- | :--- | | As of January 1, 2025 | 84,444 | 4,682 | 39,953 | 23,021 | | Additions | 6,379 | – | – | 2,876 | | Depreciation/Amortisation | (2,162) | (108) | (502) | (3,297) | | Disposals | (4,458) | – | – | – | | **As of June 30, 2025** | **84,203** | **4,574** | **39,451** | **22,600** | [13 Inventories](index=28&type=section&id=13%20%E5%AD%98%E8%B2%A8) As of **June 30, 2025**, **total inventories** were **RMB 64,350 thousand**, slightly lower than **December 31, 2024**, with a **net reversal** of inventory impairment of approximately **RMB 429 thousand** recognized during the period Inventories Details (As of June 30) | Item | June 30, 2025 (RMB '000) | Dec 31, 2024 (RMB '000) | | :--- | :--- | :--- | | Raw Materials | 42,932 | 44,431 | | Work-in-Progress | 3,903 | 779 | | Finished Goods | 25,941 | 28,091 | | Less: Impairment Provision for Inventories | (8,426) | (8,855) | | **Total** | **64,350** | **64,446** | - For the six months ended **June 30, 2025**, a **net reversal** of **impairment losses** on **inventories** of approximately **RMB 429 thousand** was recognized[98](index=98&type=chunk) [14 Trade and Bills Receivables](index=29&type=section&id=14%20%E8%B2%BF%E6%98%93%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85%E5%8F%8A%E6%87%89%E6%94%B6%E7%A5%A8%E6%93%9A) As of **June 30, 2025**, **net trade and bills receivables decreased** to **RMB 57,730 thousand**, with an **impairment provision** of **RMB 485 thousand**, and management regularly assesses recoverability based on historical and forward-looking data Trade and Bills Receivables Details (As of June 30) | Item | June 30, 2025 (RMB '000) | Dec 31, 2024 (RMB '000) | | :--- | :--- | :--- | | Bills Receivable | 48 | 937 | | Trade Receivables - Third Parties | 58,167 | 65,641 | | Less: Impairment Provision | (485) | (412) | | **Total** | **57,730** | **66,166** | Aging Analysis of Trade Receivables (As of June 30) | Aging | June 30, 2025 (RMB '000) | Dec 31, 2024 (RMB '000) | | :--- | :--- | :--- | | Within 180 days | 57,895 | 64,198 | | 181 to 360 days | 234 | 1,306 | | Over 360 days | 38 | 137 | | **Total** | **58,167** | **65,641** | [15 Prepayments and Other Receivables](index=30&type=section&id=15%20%E9%A0%90%E4%BB%98%E6%AC%BE%E9%A0%85%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85) As of **June 30, 2025**, **prepayments and other receivables significantly increased** to **RMB 45,179 thousand**, primarily due to higher prepaid expenses and advances for raw material purchases Prepayments and Other Receivables Details (As of June 30) | Item | June 30, 2025 (RMB '000) | Dec 31, 2024 (RMB '000) | | :--- | :--- | :--- | | Prepaid Expenses | 26,741 | 1,593 | | Prepayments for Raw Material Purchases | 8,770 | 1,938 | | Recoverable VAT | 4,861 | 7,771 | | Recoverable Current Income Tax | 1,962 | – | | Other Receivables - Recoverable Deposits | 936 | 621 | | Prepaid Listing Expenses | – | 5,342 | | Others | 2,007 | 3,058 | | Less: Impairment Provision | (98) | (92) | | **Total** | **45,179** | **20,231** | [16 Financial Assets and Liabilities at Fair Value Through Profit or Loss](index=30&type=section&id=16%20%E6%8C%89%E5%85%AC%E5%B9%B3%E5%80%BC%E8%A8%88%E5%85%A5%E6%90%8D%E7%9B%8A%E7%9A%84%E9%87%91%E8%9E%8D%E8%B3%87%E7%94%A2%E5%8F%8A%E8%B2%A0%E5%82%B5) As of **June 30, 2025**, the Group's financial assets at fair value through **profit or loss** primarily comprised wealth management products totaling **RMB 27,216 thousand**, generating **RMB 118 thousand** in **gains** during the period Financial Assets at Fair Value Through Profit or Loss (As of June 30) | Item | June 30, 2025 (RMB '000) | Dec 31, 2024 (RMB '000) | | :--- | :--- | :--- | | Wealth Management Products | 27,216 | 22,422 | Wealth Management Products Movement (As of June 30) | Item | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | Beginning Balance | 22,422 | 11,504 | | Additions | 127,706 | 115,400 | | Disposals | (123,030) | (94,238) | | Gains on Financial Assets at Fair Value Through Profit or Loss | 118 | 1,119 | | **Ending Balance** | **27,216** | **33,785** | [17 Cash and Cash Equivalents and Restricted Cash](index=31&type=section&id=17%20%E7%8F%BE%E9%87%91%E5%8F%8A%E7%8F%BE%E9%87%91%E7%AD%89%E5%83%B9%E7%89%A9%E5%8F%8A%E5%8F%97%E9%99%90%E5%88%B6%E7%8F%BE%E9%87%91) As of **June 30, 2025**, **total cash and cash equivalents** were **RMB 151,779 thousand**, primarily denominated in HKD (**RMB 134,263 thousand**) and USD (**RMB 11,699 thousand**) Cash and Cash Equivalents Details (As of June 30) | Item | June 30, 2025 (RMB '000) | Dec 31, 2024 (RMB '000) | | :--- | :--- | :--- | | Cash on Hand and Bank Balances | 149,550 | 6,955 | | Other Cash and Cash Equivalents | 2,229 | 654 | | **Total** | **151,779** | **7,609** | Cash and Cash Equivalents by Currency (As of June 30) | Currency | June 30, 2025 (RMB '000) | Dec 31, 2024 (RMB '000) | | :--- | :--- | :--- | | RMB | 4,406 | 6,881 | | USD | 11,699 | 687 | | HKD | 134,263 | – | | MYR | 1,158 | – | | Others | 253 | 41 | | **Total** | **151,779** | **7,609** | [18 Share Capital](index=32&type=section&id=18%20%E8%82%A1%E6%9C%AC) As of **June 30, 2025**, the company's issued and paid-up **share capital** was **RMB 94,733 thousand**, primarily due to the issuance of **18,400,000** ordinary shares on **June 10, 2025**, raising approximately **HKD 185,555,681** Share Capital Movement Summary (As of June 30) | Item | Number of Shares | Share Capital (RMB '000) | | :--- | :--- | :--- | | As of January 1, 2025 | 76,333,000 | 76,333 | | - Shares issued upon listing | 18,400,000 | 18,400 | | **Balance as of June 30, 2025** | **94,733,000** | **94,733** | - On **June 10, 2025**, the company issued **18,400,000** ordinary shares at a price of **HKD 10.08** per share, raising total proceeds of approximately **HKD 185,555,681**[105](index=105&type=chunk) [19 Reserves](index=33&type=section&id=19%20%E5%84%B2%E5%82%99) As of **June 30, 2025**, **total reserves** were **RMB 155,036 thousand**, comprising capital, statutory, and share-based compensation reserves, with the **increase** mainly from capital reserves due to share issuance, partially offset by capitalized listing expenses and foreign currency translation differences Reserves Movement Summary (As of June 30) | Item | Capital Reserve (RMB '000) | Statutory Reserve (RMB '000) | Other Comprehensive Income (RMB '000) | Share-based Compensation (RMB '000) | Total (RMB '000) | | :--- | :--- | :--- | :--- | :--- | :--- | | As of January 1, 2025 | (8,946) | 16,025 | – | 12,965 | 20,044 | | Shares issued upon listing | 149,592 | – | – | – | 149,592 | | Listing expenses capitalized after listing | (14,451) | – | – | – | (14,451) | | Foreign currency translation differences | – | – | (149) | – | (149) | | **As of June 30, 2025** | **126,195** | **16,025** | **(149)** | **12,965** | **155,036** | - Chinese subsidiaries are required to appropriate **10%** of their annual statutory **net profit** to a statutory reserve fund, which can be used to offset prior year **losses** or be converted into **share capital**[107](index=107&type=chunk) [20 Trade Payables](index=34&type=section&id=20%20%E8%B2%BF%E6%98%93%E6%87%89%E4%BB%98%E6%AC%BE%E9%A0%85) As of **June 30, 2025**, **total trade payables decreased** to **RMB 38,374 thousand**, with all amounts due within **one year** Trade Payables Details (As of June 30) | Item | June 30, 2025 (RMB '000) | Dec 31, 2024 (RMB '000) | | :--- | :--- | :--- | | Trade Payables - Third Parties | 38,374 | 43,811 | - An aging analysis of **trade payables** by invoice date shows that all amounts are due within **1 year**[108](index=108&type=chunk) [21 Accruals and Other Payables](index=34&type=section&id=21%20%E6%87%89%E8%A8%88%E8%B2%BB%E7%94%A8%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**, **accruals and other payables decreased** to **RMB 20,107 thousand**, mainly due to **reductions** in employee salaries, benefits, VAT, other taxes payable, and listing expenses payable Accruals and Other Payables Details (As of June 30) | Item | June 30, 2025 (RMB '000) | Dec 31, 2024 (RMB '000) | | :--- | :--- | :--- | | Salaries and Welfare Payable to Employees | 7,690 | 9,510 | | Other Accrued Expenses and Payables | 6,741 | 2,502 | | VAT and Other Taxes Payable | 3,127 | 6,840 | | Listing Expenses Payable | 1,915 | 4,313 | | Payables for Property, Plant and Equipment Purchases | 436 | 439 | | Deferred Revenue - Current Portion | 198 | 198 | | **Total** | **20,107** | **23,802** | [22 Borrowings](index=35&type=section&id=22%20%E5%80%9F%E6%AC%BE) As of **June 30, 2025**, **total borrowings** were **RMB 145,653 thousand** (**RMB 127,745 thousand current**, **RMB 17,908 thousand non-current**), denominated in RMB at a fixed average annual interest rate of **2.24%**, with some secured by land use rights, buildings, and investment properties totaling **RMB 118,946 thousand** Borrowings Details (As of June 30) | Item | June 30, 2025 (RMB '000) | Dec 31, 2024 (RMB '000) | | :--- | :--- | :--- | | Non-current Borrowings | 17,908 | 31,379 | | Current Borrowings | 127,745 | 57,942 | | **Total Borrowings** | **145,653** | **89,321** | - The Group's bank borrowings are denominated in RMB and bear **fixed interest rates**, with average annual interest rates of **2.24%** (**2025**) and **3.03%** (**2024**) respectively[112](index=112&type=chunk) Assets Pledged as Collateral (As of June 30) | Item | June 30, 2025 (RMB '000) | Dec 31, 2024 (RMB '000) | | :--- | :--- | :--- | | Property, Plant and Equipment | 75,061 | 76,025 | | Right-of-Use Assets | 4,434 | 4,483 | | Investment Properties | 39,451 | 39,953 | | **Total** | **118,946** | **120,461** | [23 Related Party Transactions](index=36&type=section&id=23%20%E9%97%9C%E8%81%AF%E6%96%B9%E4%BA%A4%E6%98%93) The Group engaged in related party transactions with Mr. Xu Kaiming and Xiamen Rongxin, including **RMB 4 thousand** in interest income and **RMB 1,500 thousand** in loans to related parties, with **RMB 1,500 thousand** due from related parties and key management compensation of **RMB 1,590 thousand** - The Group's ultimate controlling shareholder is Mr. Xu Kaiming, and the ultimate controlling company is Xiamen Rongxin[115](index=115&type=chunk) Summary of Related Party Transactions (For the Six Months Ended June 30) | Item | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | Interest Income from Related Party: Xiamen Rongxin | 4 | 41 | | Loans to Related Party: Xiamen Rongxin | 1,500 | – | | Related Party Loan Repayment: Xiamen Rongxin | – | 32,533 | - As of **June 30, 2025**, amounts due from related parties (non-trade in nature) were **RMB 1,500 thousand**, representing unsecured short-term loans bearing interest at an annual rate of **3%**[116](index=116&type=chunk) - For the six months ended **June 30, 2025**, key management compensation was approximately **RMB 1,590 thousand**[117](index=117&type=chunk) [Directors', Supervisors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares and Debentures](index=38&type=section&id=%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%A3%E4%BA%8B%E5%8F%8A%E6%9C%80%E9%AB%98%E8%A1%8C%E6%94%BF%E4%BA%BA%E5%93%A1%E6%96%BC%E8%82%A1%E4%BB%BD%E3%80%81%E7%9B%B8%E9%97%9C%E8%82%A1%E4%BB%BD%E5%8F%8A%E5%82%B5%E6%AC%8A%E8%AD%89%E7%9A%84%E6%AC%8A%E7%9B%8A%E5%8F%8A%E6%B7%A1%E5%80%89) As of **June 30, 2025**, Mr. Xu Kaiming held **32.04%** beneficial interest and **39.49%** controlled corporate interest, while Mr. Xu Kaihe held **2.38%** beneficial and **1.07%** controlled corporate interest, with a combined **38.53%** interest with Mr. Xu Kaiming Directors', Supervisors' and Chief Executive's Interests in Shares (As of June 30, 2025) | Name | Nature of Interest | Number of Shares | Approximate Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Mr. Xu Kaiming | Beneficial Interest | 30,354,873(L) | 32.04% | | | Controlled Corporate Interest | 37,405,685(L) | 39.49% | | Mr. Xu Kaihe | Beneficial Interest | 2,250,953(L) | 2.38% | | | Controlled Corporate Interest | 1,016,717(L) | 1.07% | | | Jointly held interest with another person | 36,496,505(L) | 38.53% | - Mr. Xu Kaiming controls the relevant share interests through Xiamen Rongxin and Xiamen Gaoli Hezhong[120](index=120&type=chunk) - Mr. Xu Kaihe controls the relevant share interests through Xiamen Gaoli Zhongcheng and is presumed to be a group of controlling shareholders with Mr. Xu Kaiming[120](index=120&type=chunk) [Substantial Shareholders' Interests and Short Positions in Shares and Underlying Shares](index=39&type=section&id=%E4%B8%BB%E8%A6%81%E8%82%A1%E6%9D%B1%E6%96%BC%E8%82%A1%E4%BB%BD%E5%8F%8A%E7%9B%B8%E9%97%9C%E8%82%A1%E4%BB%BD%E7%9A%84%E6%AC%8A%E7%9B%8A%E5%8F%8A%E6%B7%A1%E5%80%89) As of **June 30, 2025**, Xiamen Rongxin held a **38.53%** beneficial interest, and Ms. Lin Yaqiong (Mr. Xu Kaiming's spouse) was deemed to have an interest in shares held by Mr. Xu Kaiming, totaling approximately **71.53%** Substantial Shareholders' Interests in Shares (As of June 30, 2025) | Name/Company Name | Nature of Interest | Number of Shares | Approximate Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Xiamen Rongxin | Beneficial Interest | 36,496,505(L) | 38.53% | | Ms. Lin Yaqiong | Spouse's Interest | 67,760,558(L) | 71.53% | - Ms. Lin Yaqiong is the spouse of Mr. Xu Kaiming, and under the Securities and Futures Ordinance, she is deemed to have an interest in the shares in which Mr. Xu Kaiming has an interest[125](index=125&type=chunk) [Employee Share Scheme](index=39&type=section&id=%E5%93%A1%E5%B7%A5%E6%8C%81%E8%82%A1%E8%A8%88%E5%8A%83) The Group established an employee share scheme in **2017** via Xiamen Gaoli Hezhong and Xiamen Gaoli Zhongcheng as employee shareholding platforms, with all related shares (approx. **2.03%** of **total** issued shares) granted to eligible participants by this announcement date, and no further grants post-listing - The Group established an **employee share scheme** since **2017**, through Xiamen Gaoli Hezhong and Xiamen Gaoli Zhongcheng as employee shareholding platforms[124](index=124&type=chunk) - As of the date of this announcement, all shares related to the **employee share scheme** (approximately **2.03%** of the company's **total** issued shares) have been granted to eligible participants, and no further shares will be granted under the **employee share scheme** after listing[124](index=124&type=chunk) [Use of Proceeds from Listing](index=40&type=section&id=%E4%B8%8A%E5%B8%82%E6%89%80%E5%BE%97%E6%AC%BE%E9%A0%85%E7%94%A8%E9%80%94) The company listed on **June 10, 2025**, raising **net proceeds** of approximately **HKD 131.2 million**, allocated for R&D (**36.5%**), production efficiency (**33.4%**), sales network expansion (**20.1%**), and working capital (**10.0%**), with all proceeds unutilized and held in interest-bearing accounts - The company was listed on **June 10, 2025**, and the **net proceeds** from the global offering, after deducting underwriting commissions, fees, and other expenses, were approximately **HKD 131.2 million**[127](index=127&type=chunk) Use of Proceeds from Listing and Expected Timeline | Purpose | Budget (HKD million) | Percentage of Net Proceeds (%) | Unutilized Net Proceeds as of June 30, 2025 (HKD million) | Expected Timeline for Utilizing Unutilized Net Proceeds | | :--- | :--- | :--- | :--- | :--- | | Conducting R&D Activities | 47.9 | 36.5 | 47.9 | December 2026 | | Enhancing Production Efficiency and Effectiveness | 43.8 | 33.4 | 43.8 | December 2027 | | Expanding Sales Network and International Presence | 26.4 | 20.1 | 26.4 | December 2027 | | Working Capital and General Corporate Purposes | 13.1 | 10.0 | 13.1 | December 2025 | | **Total** | **131.2** | **100.0** | **131.2** | – | - As of the date of this announcement, the unutilized **net proceeds** have been deposited into interest-bearing accounts with licensed commercial banks or financial institutions in China or Hong Kong[127](index=127&type=chunk) [Material Litigation and Arbitration](index=41&type=section&id=%E9%87%8D%E5%A4%A7%E8%A8%B4%E8%A8%9F%E5%8F%8A%E4%BB%B2%E8%A3%81%E4%BA%8B%E9%A0%85) The company received a civil lawsuit on **July 3, 2025**, alleging trade secret infringement, with controlling shareholders agreeing to extend the lock-up period until the litigation concludes, and no other material litigation affecting operations during the reporting period - The company received a civil lawsuit issued by the Xiamen Intermediate People's Court of Fujian Province on **July 3, 2025**, alleging trade secret infringement[129](index=129&type=chunk) - The controlling shareholders have agreed to voluntarily extend the lock-up period for their shares held upon completion of the listing until the final conclusion of the possible legal proceedings related to the aforementioned civil lawsuit[129](index=129&type=chunk) - Except for the disclosures above, during the reporting period, the Group had no litigation or arbitration matters that had a material impact on its operating activities[129](index=129&type=chunk) [Compliance with Corporate Governance Code](index=41&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%89%87) The company adopted the Corporate Governance Code in Appendix C1 of the Listing Rules, with the Chairman and CEO roles combined under Mr. Xu Kaiming, an arrangement the Board believes provides strong leadership and will be continuously reviewed, otherwise complying with all applicable code provisions since listing - The company has adopted the Corporate Governance Code set out in Appendix C1 to the Listing Rules[130](index=130&type=chunk) - Mr. Xu Kaiming serves as both Chairman and Chief Executive Officer, an arrangement the Board believes provides strong and consistent leadership, and the Board will continue to consider separating the roles at an appropriate time[130](index=130&type=chunk) - Save for the aforementioned deviation, to the best knowledge of the Directors, the company has complied with all applicable code provisions set out in Part **2** of the Corporate Governance Code from the listing date up to the date of this announcement[130](index=130&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=42&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%E7%9A%84%E4%B8%8A%E5%B8%82%E8%AD%89%E5%88%B8) Neither the company nor its subsidiaries purchased, sold, or redeemed any of its listed securities from the listing date to **June 30, 2025**, and the company held no treasury shares as of **June 30, 2025** - During the period from the listing date up to **June 30, 2025**, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's securities[132](index=132&type=chunk) - As of **June 30, 2025**, the company did not hold any treasury shares[132](index=132&type=chunk) [Directors', Supervisors' and Controlling Shareholders' Interests in Competing Businesses](index=42&type=section&id=%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%A3%E4%BA%8B%E5%8F%8A%E6%8E%A7%E8%82%A1%E8%82%A1%E6%9D%B1%E6%96%BC%E7%AB%B6%E7%88%AD%E6%A5%AD%E5%8B%99%E7%9A%84%E6%AC%8A%E7%9B%8A) No directors, supervisors, controlling shareholders, or their associates held interests in any business directly or indirectly competing with the company's business during the six months ended **June 30, 2025**, up to the announcement date - At no time during the six months ended **June 30, 2025**, and up to the date of this announcement, did any director, supervisor, or controlling shareholder, or their respective associates, have any interest in any business that competes or competed, or is or was likely to compete, directly or indirectly with the business of the company[133](index=133&type=chunk) [Review of Interim Results](index=42&type=section&id=%E5%AF%A9%E9%96%B1%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE) The Board's Audit Committee reviewed the Group's unaudited condensed consolidated interim financial results for the reporting period, confirming compliance with relevant accounting standards, rules, regulations, and appropriate disclosures - The Board's Audit Committee has considered and reviewed the accounting principles and practices adopted by the Group and has discussed financial reporting matters with management, including reviewing the Group's unaudited condensed consolidated interim financial results for the reporting period[134](index=134&type=chunk) - The Audit Committee believes that the interim financial results for the reporting period comply with the relevant accounting standards, rules, and regulations, and that appropriate disclosures have been made[134](index=134&type=chunk) [Continuing Disclosure Obligations under Listing Rules](index=42&type=section&id=%E4%B8%8A%E5%B8%82%E8%A6%8F%E5%89%87%E4%B8%8B%E7%9A%84%E6%8C%81%E7%BA%8C%E6%8A%AB%E9%9C%B2%E8%B2%AC%E4%BB%BB) From the listing date to the end of the reporting period, the company had no other disclosure obligations under Listing Rules **13.20**, **13.21**, and **13.22** - From the listing date to the end of the reporting period, the company had no other disclosure obligations under Listing Rules **13.20**, **13.21**, and **13.22**[135](index=135&type=chunk) [Publication of Interim Results Announcement and 2025 Interim Report](index=43&type=section&id=%E5%88%8A%E7%99%BC%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE%E5%85%AC%E5%91%8A%E5%8F%8A2025%E5%B9%B4%E4%B8%AD%E6%9C%9F%E5%A0%B1%E5%91%8A) This interim results announcement is published on the Stock Exchange and company websites, and the **2025** interim report will be published on both websites in due course - This interim results announcement is published on the Stock Exchange website (www.hkexnews.hk) and the company's website (www.rongtatech.cn)[136](index=136&type=chunk) - The company will publish its **2025** interim report in due course and will make it available on the Stock Exchange website and the company's website[136](index=136&type=chunk)

格隆汇8月13日丨容大科技(09881.HK)公布，公司将于2025年8月25日召开董事会会议，以（其中包括） 审议及通过集团截至2025年6月30日止六个月的中期业绩及其发布，以及审议派发中期股息的建议（如 有）。 ...

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分內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 Rongta Technology (Xiamen) Group Co., Ltd. 容大合眾（廈門）科技集團股份公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：9881） 董事會會議通知 容大合眾（廈門）科技集團股份公司（「本公司」）董事會（「董事會」）謹此宣佈，董 事會會議將於2025年8月25日（星期一）舉行，藉以（其中包括）考慮及批准本公司 及其附屬公司截至2025年6月30日止六個月之中期業績及其發佈，並考慮派發中 期股息（如有）。 承董事會命 容大合眾（廈門）科技集團股份公司 董事長兼執行董事 許開明 於本公告日期，執行董事為許開明先生、許開河先生及林燕琴女士，以及獨立非 執行董事為林駿華博士、於小偶博士及黃立勤博士。 香港，2025年8月13日 ...

Group 1 - The core viewpoint of the article indicates that Rongda Technology (09881) has issued a profit warning, expecting a net loss of no more than RMB 7 million for the six months ending June 30, 2025, compared to a net profit of approximately RMB 14.4 million for the six months ending June 30, 2024 [1] - The primary reasons for the shift from profit to loss include increased general and administrative expenses, non-recurring listing expenses, delays in project approvals from certain clients, and further modifications requested by clients on product specifications leading to reduced revenue [1] - Excluding the impact of non-recurring listing expenses, the expected net profit will not be less than RMB 9.5 million [1] Group 2 - As of the report, Rongda Technology's stock has dropped over 6%, specifically by 6.28%, trading at HKD 8.8 with a transaction volume of HKD 1.1816 million [1]

Core Viewpoint - Rongda Technology (09881.HK) expects a net loss of no more than RMB 7.0 million for the six months ending June 30, 2025, compared to a net profit of approximately RMB 14.4 million for the six months ending June 30, 2024 [1] Financial Performance - The anticipated loss is primarily due to increased general and administrative expenses, including non-recurring listing expenses related to the company's shares being listed on the Hong Kong Stock Exchange in June 2025 [1] - Revenue is expected to decrease due to slower project approval processes from some clients and further product specification improvements requested by clients before delivery [1] - Research and development expenses have also increased, contributing to the expected loss [1] - Excluding the impact of non-recurring listing expenses, the company's net profit for the period is expected to be no less than RMB 9.5 million [1] Future Outlook - The board believes that the company will continue to develop projects with reputable clients and strive to operate the business while securing sales orders for the year ending December 31, 2025 [1]