Company Profile - Tsann Kuen (China) Enterprise Co., Ltd. is listed on the Shenzhen Stock Exchange under stock code 200512 and stock name TKC-B [1] - The company is located in Zhangzhou, Fujian Province, P.R. China, with contact details provided for the Board Secretary and Securities Representative [1] Financial Performance - The operating revenue for the reporting period is RMB 652,773,296.39, a decrease of 17.17% compared to the same period last year, which was RMB 788,085,998.03 [1] - The net profit attributable to shareholders of the company is reported as -RMB 30,246,868.47, reflecting a decline of 15.02% from -RMB 26,296,992.61 in the previous year [1] - Basic and diluted earnings per share (EPS) are both RMB 0.09, down 50% from RMB 0.18 in the same period last year [1] - The weighted average return on equity (ROE) is 1.44%, a decrease of 1.67 percentage points from 3.11% in the previous year [1] - Total assets at the end of the reporting period amount to RMB 2,479,488,976.29, a decrease of 5.90% from RMB 2,635,048,828.74 at the end of the last year [1] Shareholder Information - The top three shareholders include Fordchee Development with 29.10% ownership, Eupa Industry Corporation with 13.09%, and Fillman Investments with 2.49% [2] - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period [2]

Core Viewpoint - The company reported a significant decline in revenue and net profit for the first half of 2025, primarily due to reduced orders from American clients and high raw material costs, prompting strategic adjustments to enhance production capacity and maintain customer relationships [3][4][5]. Company Overview and Financial Indicators - The company, Xiamen Tsann Kuen Industrial Co., Ltd., is listed on the Shenzhen Stock Exchange under the stock code 200512 [2]. - Total revenue for the reporting period was approximately CNY 652.77 million, a decrease of 17.17% compared to the same period last year [4]. - Net profit attributable to shareholders was approximately CNY 16.00 million, down 52.92% year-on-year [4]. - Basic earnings per share decreased by 50% to CNY 0.09 [4]. - Total assets at the end of the reporting period were approximately CNY 2.48 billion, down 5.90% from the previous year [2]. Business Operations - The company primarily engages in the development, production, and manufacturing of small household appliances, including food cooking, home assistance, and tea/coffee products [3]. - The core competitive advantages include deep technical expertise, continuous innovation, and a dual-cycle market strategy that enhances brand influence [3][4]. Main Business Analysis - The total profit for the reporting period was CNY 21.50 million, a decrease of 56.76% compared to the previous year [3]. - The decline in revenue was attributed to a significant reduction in orders from American clients and rising product costs due to high raw material prices [3][4]. Revenue Composition - The revenue breakdown shows that the food cooking segment generated CNY 392.60 million, accounting for 60.14% of total revenue, while home assistance contributed CNY 193.02 million, or 29.57% [5]. - Revenue from the Americas decreased by 32.41% to CNY 246.49 million, representing 37.76% of total revenue [5]. Financial Performance - Operating costs decreased by 15.45% to CNY 562.88 million, reflecting the decline in revenue [4]. - The company reported an increase in government subsidies, contributing to other income of CNY 1.81 million, up 98.90% year-on-year [4]. - The net cash flow from operating activities was negative at CNY -30.25 million, worsening by 15.02% compared to the previous year [4]. Strategic Adjustments - The company has increased investment in its Indonesian subsidiary to strengthen overseas production capabilities and enhance order-taking capacity [3]. - The focus on technological innovation and collaboration with global brands aims to improve product value and customer loyalty [8].

Core Viewpoint - The financial performance of Tsann Kuen (China) Enterprise Co., Ltd. has shown a significant decline in key metrics during the reporting period, primarily due to decreased orders from American customers and high raw material costs. Financial Highlights - Operating revenue for the reporting period was RMB 652,773,296.39, a decrease of 17.17% compared to RMB 788,085,998.03 in the same period last year [5][11] - Net profit attributable to shareholders decreased by 52.92% to RMB 16 million, with basic earnings per share dropping by 50% to RMB 0.09 [10][11] - Total assets decreased by 5.90% to RMB 2,479,488,976.29 from RMB 2,635,048,828.74 at the end of the previous year [5][11] Business Overview - The company specializes in developing, producing, and manufacturing small home appliances, including gourmet cooking and home helper products, and provides after-sales service [10] - The core competitiveness of the company is based on deep technical accumulation, continuous innovation, and a robust research and development system [6][10] - The company has established a dual-cycle market strategy, focusing on both domestic and international markets to enhance brand influence [7][10] Market Performance - The Americas region saw a significant decline in revenue, dropping 32.41% to RMB 246,494,836.05, while Europe and Asia experienced decreases of 10.49% and increases of 11.93%, respectively [11][13] - The company has increased investment in its Indonesian subsidiary to strengthen overseas production capabilities and stabilize customer relationships [10][11] Competitive Landscape - The industry is facing intensified competition due to geopolitical tensions, trade barriers, and the rise of local brands, which complicates the market dynamics [17][18] - The company maintains a strong intellectual property management system, with 32 new patents issued during the reporting period, enhancing its competitive edge [9][10]

Core Viewpoint - Xiamen Cankun Industrial Co., Ltd. reported a significant decline in both revenue and net profit for the first half of 2025 compared to the same period last year, indicating potential challenges in its operational performance [2][3]. Financial Performance - The company's operating revenue for the reporting period was approximately CNY 788.09 million, a decrease of 17.17% from CNY 652.77 million in the same period last year [2]. - The net profit attributable to shareholders was CNY 33.99 million, down 52.92% from CNY 16.00 million in the previous year [2]. - The net profit after deducting non-recurring gains and losses was CNY 29.15 million, reflecting a decline of 53.61% from CNY 13.52 million [2]. - The net cash flow from operating activities was negative CNY 30.25 million, worsening by 15.02% from negative CNY 26.30 million [2]. Earnings Per Share - Basic earnings per share decreased to CNY 0.09, down 50% from CNY 0.18 [3]. - Diluted earnings per share also fell to CNY 0.09, a reduction of 50% compared to CNY 0.18 [3]. Return on Equity - The weighted average return on equity dropped to 1.44%, down 1.67 percentage points from 3.11% [3]. Assets and Equity - Total assets at the end of the reporting period were approximately CNY 2.48 billion, a decrease of 5.90% from CNY 2.64 billion at the end of the previous year [3]. - The net assets attributable to shareholders were CNY 1.08 billion, down 1.61% from CNY 1.10 billion [3]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 13,271 [3]. - The largest shareholder, Fordchee Development Limited, holds 29.10% of the shares, followed by Eupa Industry Corporation Limited with 13.09% [3].

Group 1 - The board of directors of Xiamen Cankun Industrial Co., Ltd. held its third meeting of 2025 on August 7, 2025, with all seven directors present, including some participating via phone [1] - The board unanimously approved the 2025 semi-annual report and its summary, with a voting result of 7 votes in favor, 0 against, and 0 abstentions [1] - The board also approved several amendments and new regulations related to corporate governance, all receiving unanimous support with the same voting result [1] Group 2 - The company revised the name of the "Audit Committee Implementation Rules" to "Audit Committee Work Regulations" and received unanimous approval [1] - The name of the "Nomination, Compensation and Assessment Committee Implementation Rules" was changed to "Nomination, Compensation and Assessment Committee Work Regulations," also with unanimous approval [1] - The "Strategic Committee Implementation Rules" was renamed to "Strategic Committee Work Regulations," again receiving unanimous support [1]

第二条 提名、薪酬与考核委员会是董事会下设立的专门工作机构，主要负责公 司董事和高级管理人员的提名、薪酬和业绩考核等事项的审核，对董事会负责。 厦门灿坤实业股份有限公司 董事会提名、薪酬与考核委员会工作规程 （2025 年修订） （本工作规程经公司于 2025 年 8 月 7 日召开的 2025 年第三次董事会审议通过） 第一章 总 则 第一条 为加强厦门灿坤实业股份有限公司（以下简称 "公司"）董事及高级 管理人员的提名、薪酬与考核管理，完善公司治理结构。根据《中华人民共和国 公司法》、《上市公司治理准则》、《上市公司独立董事管理办法》、《深圳证 券交易所股票上市规则》、《深圳证券交易所上市公司自律监管指引第 1 号—— 主板上市公司规范运作》和《公司章程》及其他有关规定，公司特设立董事会提 名、薪酬与考核委员会，并制定本工作规程。 1、提名或者任免董事； 第二章 人员组成 第三条 提名、薪酬与考核委员会成员由三名董事组成，独立董事应占多数。 第四条 提名、薪酬与考核委员会委员由董事长、二分之一以上独立董事或者全 体董事的三分之一提名，并由董事会选举产生。 第五条 提名、薪酬与考核委员会设召集人一名，由独立 ...

独立董事专门会议工作制度 （2025 年修订） （本制度经公司于 2025 年 8 月 7 日召开的 2025 年第三次董事会审议通过） 第一章 总则 第一条 为进一步规范厦门灿坤实业股份有限公司（以下简称"公司"）独立董 事专门会议的议事方式和决策程序，促使并保障独立董事有效地履行其职责。根 据《深圳证券交易所上市公司自律监管指引第 1 号一主板上市公司规范运作》、 《上市公司独立董事管理办法》、《公司章程》、公司《独立董事工作制度》等 有关规定，制订本制度。 第二条 独立董事对本公司及全体股东负有忠实与勤勉义务，应当按照法律、行 政法规、中国证监会规定、深圳证券交易所业务规则和《公司章程》的规定，认 真履行职责，在董事会、董事会专门委员会及独立董事专门会议中发挥参与决策、 监督、专业咨询作用，维护上市公司利益，保护中小股东合法权益。 第二章 专门会议构成及运作 第三条 独立董事专门会议是指全部由公司独立董事参加的会议。 厦门灿坤实业股份有限公司 第五条 原则上会议召开前三天通知全体独立董事并提供相关资料和信息。遇特 殊紧急情况时，会议通知时限与材料提供可不受本条款限制。 公司应当保存上 述会议资料至少十年 ...

厦门灿坤实业股份有限公司 独立董事工作制度 （2025 年修订） （本制度经公司于 2025 年 8 月 7 日召开的 2025 年第三次董事会审议通过） 第一章 总则 第一条 根据中国证券监督管理委员会（以下简称"中国证监会"）《上市公司 独立董事管理办法》《深圳证券交易所上市公司自律监管指引第 1 号——主板上 市公司规范运作》《深圳证券交易所股票上市规则》和《公司章程》的有关规定， 厦门灿坤实业股份有限公司(以下简称"公司")为进一步完善法人治理结构，改 善董事会结构，强化对内部董事及管理层的约束和监督机制，保护中小股东及利 益相关者的利益，促进公司的规范运作，特制定本制度。 第二条 独立董事是指不在公司担任除董事外的其他职务，并与公司及主要股东、 实际控制人不存在直接或者间接利害关系，或者其他可能影响其进行独立客观判 断关系的董事。 独立董事应当独立履行职责，不受公司及其主要股东、实际控制人等单位或 者个人的影响。 第三条 独立董事对公司及全体股东负有忠实与勤勉义务，应当按照相关法律、 行政法规、中国证监会规定、深圳证券交易所业务规则和《公司章程》的规定， 认真履行职责，在董事会中发挥参与决策、监督制 ...

厦门灿坤实业股份有限公司 （二）持有公司百分之五以上股份的股东及其董事、监事、高级管理人员，公司 的实际控制人及其董事、监事、高级管理人员； 内幕信息及知情人管理制度 （2025 年修订） （本制度经公司于 2025 年 8 月 7 日召开的 2025 年第三次董事会审议通过。） 第一章 总 则 第一条 为完善厦门灿坤实业股份有限公司（以下简称"厦门灿坤"或"公司"） 的内幕信息管理工作，做好内幕信息保密工作，维护信息披露的公平原则，有效 防范内幕交易。根据《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司信息披露管理办法》（以下简称"《信息披露管理办法》"）、《上 市公司监管指引第 5 号——上市公司内幕信息知情人登记管理制度》（以下简称 "《内幕信息知情人登记管理制度》"）和《深圳证券交易所股票上市规则》等 有关法律法规和规章等规定，制定本制度。 第二条 本制度适用于厦门灿坤内幕信息及其知情人的管理事宜。本制度未规定 的，适用公司《信息披露事务管理制度》的相关规定。 第三条 公司内幕信息知情人应知悉《证券法》、《信息披露管理办法》、《内 幕信息知情人登记管理制度》等法律、法规关于内幕交易、操 ...

（2025 年制定） （本制度经公司于 2025 年 8 月 7 日召开的 2025 年第三次董事会审议通过） 第一章 总则 第一条 为规范厦门灿坤实业股份有限公司（以下简称"公司"）信息披露暂缓 与豁免事务的管理，确保公司信息披露的合规性、及时性和公平性，保护投资者 合法权益，根据《中华人民共和国证券法》、《上市公司信息披露管理办法》、《上 市公司信息披露暂缓与豁免管理规定》、《深圳证券交易所股票上市规则》（以下 简称"《上市规则》"）等法律法规、自律监管规则以及《厦门灿坤实业股份有 限公司章程》（以 下简称"《公司章程》"）等内部制度，结合公司实际情况， 制定本制度。 第二条 公司和其他信息披露义务人暂缓、豁免披露临时报告，在定期报告、临 时报告中豁免披露中国证监会和深圳证券交易所规定或者要求披露的内容，适用 本制度。 第三条 公司和其他信息披露义务人应当真实、准确、完整、及时、公平地披露 信息，不得滥用暂缓或者豁免披露规避信息披露义务、误导投资者，不得实施内 幕交易、操纵市场等违法行为。 厦门灿坤实业股份有限公司 信息披露暂缓与豁免业务管理制度 第四条 公司和其他信息披露义务人应当审慎确定信息披露暂缓、 ...