Group 1 - The company reported a revenue of RMB 21.015 billion for the year ending December 31, 2025, representing a year-on-year increase of 26.16% [1] - The net profit attributable to shareholders turned from a loss of RMB 254 million in the previous year to a profit of RMB 31.42 million [1] - The adjusted net profit improved from a loss of RMB 127 million to a profit of RMB 215 million, indicating significant operational quality improvement driven by strong marketing and lean operations [1] Group 2 - The company completed a significant upgrade of its Yanyun technology system, launching the Yanyun 2.0 Infinity data intelligence decision-making platform and the Yanyun 3.0 AI First FDE business model [2] - The overall operational efficiency improved by 30-50 times, and project delivery cycles were accelerated by 5-7 times [2] - The company signed strategic cooperation agreements with 15 core clients and ecosystem partners, achieving a year-on-year increase of approximately 40% in annual shipment volume [2]

Core Viewpoint - Shenzhou Holdings (00861.HK) reported a significant turnaround in its financial performance for the fiscal year 2025, with a revenue of RMB 21.015 billion, marking a 26% increase year-on-year, and a net profit of RMB 31.42 million, recovering from a loss of RMB 254 million in the previous year [1] Financial Performance - The company achieved a revenue of RMB 21.015 billion, which is a 26% increase compared to the same period last year [1] - The net profit attributable to shareholders turned from a loss of RMB 254 million to a profit of RMB 31.42 million [1] - Basic earnings per share were reported at RMB 0.0212, with a proposed final dividend of HKD 0.036 per ordinary share [1] Operational Highlights - The improvement in operational quality was driven by strong marketing and lean operations, leading to rapid growth in integrated supply chain services [1] - The fintech services segment also turned profitable during the reporting period [1] - The company reported a net cash flow from operating activities of RMB 490 million, with new contracts signed amounting to RMB 16.19 billion, establishing a solid foundation for long-term and stable growth [1] Service-Oriented Business - The company introduced a new "service-oriented business" segment, which leverages integrated supply chain services and data intelligence technology to deliver high-value services such as end-to-end fulfillment, e-commerce operations, and digital empowerment [1] - Revenue from the service-oriented business reached RMB 10.14 billion, representing a 9% increase year-on-year and accounting for 48% of the group's total revenue [1]

| 發行人所發行上市權證/可轉換債券的相關信息 | | | --- | --- | | 發行人所發行上市權證/可轉換債券 | 不適用 | | 其他信息 | | | 其他信息 | 不適用 | | 發行人董事 | | | 於本公告刊發時，董事會由十名董事組成，包括： | | | 執行董事：郭為先生（主席兼首席執行官）、林楊先生（副主席）及蔡英華先生(總裁兼首席運營官) | | | 非執行董事：叢珊女士及劉軍強先生 | | 獨立非執行董事：劉允博士、金昌衛先生、郭嵩博士、陳惠康先生及李靜博士 第 2 頁 共 2 頁 v 1.1.1 EF001 免責聲明 | 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 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 神州數碼控股有限公司＊ | | 股份代號 | 00861 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 截至二零二 ...

Financial Performance - Revenue for the year ended December 31, 2025, was RMB 21,014,999 thousand, representing a 26.16% increase from RMB 16,657,343 thousand in 2024[3] - Profit attributable to equity holders of the parent company was RMB 31,420 thousand, a significant recovery from a loss of RMB 253,949 thousand in the previous year, marking a 112.37% improvement[3] - Total comprehensive income for the year was RMB 12,584 thousand, a recovery from a loss of RMB 667,908 thousand in the previous year[5] - The operating profit for the year was RMB 240,524 thousand, a significant improvement from a loss of RMB 368,582 thousand in the previous year[17] - The company reported a pre-tax profit of RMB 82,649 thousand, recovering from a loss of RMB 497,774 thousand in the previous year[17] - The group reported a pre-tax profit of RMB 31,420,000 for 2025, compared to a loss of RMB 253,949,000 in 2024[26] - The company reported a net profit of RMB 61.17 million for 2025, a significant improvement from a loss of RMB 563.69 million in 2024[59] - Adjusted EBITDA for 2025 was RMB 612.25 million, up from RMB 299.23 million in 2024, indicating a strong operational performance[59] Revenue Breakdown - Data intelligence services revenue increased by 19.76% to RMB 5,588,436 thousand, while integrated supply chain services grew by 10.74% to RMB 1,932,002 thousand[3] - The data intelligence services segment generated revenue of RMB 5,604,687 thousand, up from RMB 4,692,556 thousand, reflecting a growth of approximately 19.5%[17] - The integrated supply chain services segment reported revenue of RMB 1,962,785 thousand, an increase from RMB 1,769,189 thousand, marking a growth of about 10.9%[17] - The fintech services and other businesses segment achieved revenue of RMB 13,502,306 thousand, compared to RMB 10,252,227 thousand in the previous year, representing a growth of approximately 31.8%[17] - Contract revenue from customers amounted to RMB 20,729,331,000, up 27.5% from RMB 16,363,904,000 in the previous year[19] - Software development and technical services revenue increased to RMB 7,273,702,000, a rise of 6.7% from RMB 6,818,866,000[19] - System integration business revenue surged to RMB 6,235,030,000, a significant increase of 83.5% compared to RMB 3,394,350,000[19] - E-commerce operations revenue grew to RMB 4,556,041,000, up 22.7% from RMB 3,714,152,000[19] Profitability and Dividends - Gross profit for the year was RMB 2,486,091 thousand, up from RMB 2,291,914 thousand in 2024, indicating a positive trend in profitability[4] - The gross profit for the year was RMB 2,486,091 thousand, compared to RMB 2,291,914 thousand in the previous year, indicating a year-over-year increase of about 8.5%[17] - The company proposed a final dividend of HKD 0.036 per share, subject to approval at the upcoming annual general meeting[3] - The proposed final dividend for the year ending December 31, 2025, is HKD 0.036 per share, pending shareholder approval[23] - The board proposed a final dividend of HKD 0.036 per ordinary share for the year ending December 31, 2025, totaling approximately HKD 60,249,800, pending approval at the 2026 Annual General Meeting[83] Assets and Liabilities - Non-current assets totaled RMB 8,150,489 thousand, slightly down from RMB 8,257,237 thousand in 2024[6] - Current liabilities decreased to RMB 10,269,184 thousand from RMB 9,872,017 thousand in the previous year, reflecting improved financial management[7] - The company's cash and cash equivalents increased to RMB 3,488,418 thousand from RMB 3,142,841 thousand, indicating better liquidity[6] - The net asset value stood at RMB 9,464,685 thousand, a slight decrease from RMB 9,507,454 thousand in 2024, showing stability in equity[7] - Total assets as of December 31, 2025, were approximately RMB 21.68 billion, with total liabilities of about RMB 12.21 billion[61] - Total interest-bearing loans amounted to approximately RMB 3.45 billion, with a debt-to-equity ratio of 0.60[61] Operational Efficiency - The company has established a differentiated competitive advantage through the integration of supply chain services and AI technologies, achieving a milestone in operational efficiency improvements[36] - The company achieved a 40% year-on-year increase in shipment volume for the 2025 fiscal year, with a more than 50% increase during the Double Eleven shopping festival[47] - The new AI decision-making capability "Xiao Jin" improved decision-making efficiency by over 30% in warehouse operations and increased order peak processing capacity by 280%[44] - Inventory accuracy improved to 99.98%, supporting efficient fulfillment operations[50] - The timely delivery rate reached 99.97%, and the 24-hour pickup rate improved to 99.75%[50] Employee and Costs - The total employee cost for the year ending December 31, 2025, was approximately RMB 4.401 billion, reflecting a growth of 13.57% compared to RMB 3.875 billion in the previous fiscal year[76] - The company has a total of 21,936 full-time employees as of December 31, 2025, up from 19,268 employees a year earlier[76] Future Outlook and Strategic Initiatives - The company aims to deepen the integration of AI into business processes, focusing on transforming AI applications from point tools to full-process intelligence upgrades[51] - The company plans to enhance its data intelligence decision-making platform, "Yanyun Infinity," to boost competitiveness in the supply chain sector[52] - The company has raised approximately RMB 1.149 billion from a rights issue, with RMB 939 million already utilized by December 31, 2025[79] - The remaining unutilized proceeds from the rights issue amount to approximately RMB 210 million, which the company plans to invest in healthcare big data or other potential acquisitions[79] Legal and Compliance Issues - The company is involved in ongoing litigation regarding patent infringement, with potential liabilities estimated at RMB 275.3 million[67] - The company is facing a contract dispute with Beijing Urban Construction Intelligent Control Technology Co., Ltd., which may impact future operations[68] - The company has signed procurement contracts with Digital China System Integration for a total amount of RMB 376.3 million, but has not received payment as per the contract terms[69] - The company has not implemented any foreign exchange hedging policies but is monitoring foreign exchange risks[73] - The company has reported a potential overdue payment penalty of RMB 36.5 million and legal fees of RMB 0.5 million related to the procurement contracts[69] Governance and Compliance - The company has maintained compliance with the corporate governance code, with the exception of certain deviations regarding the roles of the chairman and CEO, which are held by the same individual since June 8, 2018[84][85] - The company confirmed that all directors have adhered to the standard code of conduct for securities trading during the year ending December 31, 2025[87] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the year ending December 31, 2025[88] - The company maintained sufficient public float as required under the listing rules during the year ending December 31, 2025[89]

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。 出售附屬公司股份之期間屆滿 茲提述本公司於 2025 年 12 月 9 日、2026 年 1 月 11 日及 2026 年 1 月 30 日發佈 的公告（「公告」），內容有關本公司間接全資附屬公司神州數碼軟件有限公司* （「神碼軟件」）擬於 2025 年 12 月 10 日神州數碼信息服務集團股份有限公司 (Digital China Information Service Group Company Ltd.*)（「DCITS」）預披露公告 日期起 15 個交易日後的 3 個月內，以集中競價及大宗交易的方式出售不超過 28,827,300 股 DCITS 股份，佔 DCITS 總股本約 2.9543% 。除非另有所指 ，本公 告所用詞彙與公告中所定義具相同涵義。 繼公告發佈後，作為出售計劃的一部分，神碼軟件於 2026 年 1 月 10 日至 2026 年 3 月 30 日期間進一步出售了 868,8 ...

Core Insights - The event showcased the technological strength and open attitude of the company as a leader in China's digital transformation, laying a solid foundation for future deep cooperation with Korean enterprises in artificial intelligence and smart supply chain sectors [2][4] Group 1: Event Overview - On March 25, a delegation of 13 prominent Korean technology companies visited the company's headquarters in Beijing as part of the 2026 Zhongguancun Forum Sino-Korean Technology Innovation Cooperation Forum [1][2] - The delegation was led by the company's Chief Technology Officer Zhang Hupo and Brand Marketing Head Wang Xinnan, who introduced the company's innovations and practical achievements in the AI + supply chain field [1][2] Group 2: Digital China Innovation Center Visit - The delegation first visited the Digital China Innovation Center, where they gained a comprehensive understanding of the company's leading-edge explorations in digital technology, aimed at enhancing government digital governance efficiency and helping enterprises reduce costs and increase efficiency [1][2] - The company's "Data x AI" core strategy aligns closely with the technological development directions of the Korean representatives, generating significant interest among them [1][2] Group 3: Discussion on Industry Collaboration - During the discussions, topics included not only cutting-edge technologies like artificial intelligence but also specific applications in supply chain software systems, warehousing logistics intelligence, and cross-border trade [3] - The company is pushing for a transition in supply chain operations from traditional models to data-driven autonomous decision-making by deeply embedding AI technology into core processes such as orders, warehousing, and transportation [3] - Both parties agreed that through technological exchanges and resource complementarity, they could effectively enhance cross-border logistics efficiency and optimize the intelligence level of various supply chain segments [3]

Core Viewpoint - Digital China Holdings Limited (00861) has issued a positive profit forecast, expecting to turn a profit in the fiscal year 2025, with net profit attributable to shareholders projected between 20 million and 40 million RMB, driven by significant revenue growth and a substantial decrease in goodwill impairment losses [1][2] Group 1: Financial Performance - The company anticipates a turnaround in profitability for the fiscal year 2025, with net profit expected to be between 20 million and 40 million RMB [1] - The improvement in performance is attributed to increased business volume leading to significant revenue growth and a marked decline in goodwill impairment losses [1] Group 2: Business Model Innovation - The company has launched an innovative business model called "Yanyun AI First FDE," which focuses on integrating AI technology deeply into customer business processes, significantly shortening delivery cycles and creating a new operational paradigm driven by technology [1] - This model aims to create standardized, replicable data assets while enhancing customer value and establishing a strong technological moat [1] Group 3: Market Analysis and Comparisons - Market analysis suggests that the new business model shares similarities with the well-known big data company Palantir (PLTR), which binds closely to customer business processes, providing ongoing value and establishing strong customer stickiness, leading to stable annual recurring revenue (ARR) [1] - Palantir's unique business model has garnered high recognition in the capital markets, with a current price-to-earnings ratio exceeding 240 times, indicating the high growth potential and valuation of such business models [1]

Group 1 - The company Shenzhou Holdings (00861.HK) expects to turn a profit for the fiscal year ending December 31, 2025, with profits projected between RMB 20 million and RMB 40 million, compared to a loss of approximately RMB 254 million for the fiscal year ending December 31, 2024 [1] - As of March 24, 2026, Shenzhou Holdings closed at HKD 2.22, down 3.06%, with a trading volume of 788,000 shares and a turnover of HKD 1.7615 million [1] - The stock has not received any ratings from investment banks in the past 90 days, indicating low attention from analysts [1] Group 2 - Shenzhou Holdings has a market capitalization of HKD 3.833 billion and ranks 12th in the computer application industry [1]

Group 1 - The core viewpoint of the article is that Shenzhou Holdings (00861.HK) expects to turn a profit for the fiscal year ending December 31, 2025, with profits projected between RMB 20 million and RMB 40 million, compared to a loss of approximately RMB 254 million in 2024 [1] Group 2 - The anticipated profit growth is primarily attributed to two factors: (1) In 2024, the company achieved operating revenue of RMB 16.657 billion, and it expects significant revenue growth in 2025 due to increased business volume [1] - (2) In 2024, the company recorded an impairment of RMB 365 million on goodwill due to underperformance of its invested subsidiaries, and the expected impairment losses will significantly decrease in 2025 [1]

Core Viewpoint - The company expects to turn a profit for the fiscal year ending December 31, 2025, with profits projected between RMB 20 million and RMB 40 million, a significant recovery from a loss of approximately RMB 254 million for the fiscal year ending December 31, 2024 [1] Group 1: Profit Expectations - The company anticipates a profit turnaround due to increased business volume leading to significant revenue growth in 2025 [1] - The projected revenue for 2024 is RMB 16.657 billion, with expectations of further growth in 2025 [1] Group 2: Impairment Losses - In 2024, the company recorded an impairment loss of RMB 365 million on goodwill due to underperformance of its invested subsidiaries [1] - The expected impairment losses are anticipated to decrease significantly in 2025 [1]