Financial Performance - For the year ended June 30, 2025, total revenue decreased to HK$480.6 million, down from HK$494.5 million in 2024, representing a decline of 2.0%[16] - Box office takings accounted for HK$389.2 million, a decrease of 3.9% from HK$401.9 million in 2024, representing 81.0% of total revenue[16] - Gross profit margin improved to 60.5%, up from 59.8% in the previous year[13] - Impairment allowances significantly decreased to HK$29.8 million from HK$430.5 million in 2024, indicating effective cost control measures[17] - Earnings before interest, tax, depreciation, and amortisation (EBITDA) turned positive at HK$54.6 million, compared to a loss of HK$416.2 million in 2024[17] - Net loss narrowed to HK$141.6 million, a significant improvement from a net loss of HK$715.1 million in 2024[17] - Basic loss per share improved to HK$0.04, compared to HK$0.22 in the previous year[17] - Other income contributed HK$91.4 million, slightly down from HK$92.7 million in 2024, accounting for 19.0% of total revenue[16] - The Group's performance outperformed the overall market trends in box office takings[16] - The cinema industry in Hong Kong experienced a 5.1% year-on-year decline in box office takings, totaling HK$1.2 billion[23] - The Chinese Mainland box office revenue decreased by 8.8% year-on-year, amounting to RMB 48.0 billion[24] Operational Strategy - The Group plans to capture market opportunities as the cinema industry revives, supported by government measures to enhance film quality and public cinema-going habits[35] - The Group aims to strengthen its core competencies to become the local market leader amid ongoing industry consolidation[36] - A new Emperor Cinema was opened in Sanlitun, Beijing, during the year, contributing to the Group's expansion strategy[29] - The Group's operational strategy includes exploring market expansion opportunities and potential mergers and acquisitions to drive growth[45] - The Group's strategic focus includes integrating digital technologies with premium services to enhance its position in high-end markets within the cultural industry[47] Financial Position - The Group's cash and cash equivalents were HK$49.8 million as of June 30, 2025, down from HK$84.6 million in 2024[37] - Total borrowings increased to HK$1,066.0 million as of June 30, 2025, compared to HK$977.0 million in 2024, with a gearing ratio of 182.6%[38] - The Group's borrowings include a loan from a related party of HK$995.7 million, which increased from HK$889.7 million in 2024[38] - As of June 30, 2025, the number of employees decreased to 585 from 708 in 2024, reflecting a reduction in workforce[43] - Total staff costs for the year amounted to HK$101.9 million, down from HK$127.3 million in 2024, indicating a cost reduction strategy[43] Market Trends - Box office takings from the Chinese Mainland and Hong Kong markets recorded declines of 0.5% and 4.7%, respectively, while overall market box office takings dropped by 8.8% and 5.1%[16] - The Group's user base decreased to 887 million, down from 1,284 million, reflecting a decline of approximately 30.9%[50] - The Group aims to achieve revenue of HK$1,066 million for 2025, an increase from HK$977 million projected for 2024, representing a growth target of approximately 9.1%[45] Corporate Governance - The Company is committed to high standards of corporate governance, ensuring accountability, responsibility, and transparency towards stakeholders[147] - The company fully complied with all code provisions of the Corporate Governance Code during the year[148] - The Board currently comprises five Directors, including two Executive Directors and three Independent Non-Executive Directors (INEDs)[155] - The company has established mechanisms to ensure independent views and input are available to the Board, which were reviewed and deemed effective[156] - A Board Diversity Policy has been adopted to achieve a diverse Board with a balance of skills and perspectives relevant to the business[157] Director and Executive Compensation - The Directors' remuneration policy is aligned with market best practices and is based on corporate goals, individual performance, and market pay levels[137] - Employee remuneration packages include basic salaries, bonuses, and competitive fringe benefits, ensuring alignment with individual performance and market standards[138] - The annual report emphasizes the importance of aligning executive compensation with the Group's long-term strategic objectives[137] Connected Transactions - The Company engaged in connected transactions with Ulferts, involving the purchase of furniture products and consultancy services, with an aggregate amount of HK$42,270 paid during the year[107] - The Company has complied with disclosure requirements under Chapter 14A of the Listing Rules regarding continuing connected transactions[130] - The terms of the tenancy transactions will be based on normal commercial terms or terms no less favorable than those offered by independent third parties[114] Future Outlook - The Group's financial performance is expected to improve, with a focus on strategic market expansion and new product development in the upcoming fiscal year[140] - The Group is actively pursuing market expansion strategies in Southeast Asia, aiming to increase market share by 15% over the next two years[190] - New product launches are expected to contribute an additional $200 million in revenue, with a focus on enhancing user engagement and retention[190]

Financial Performance - For the fiscal year ending June 30, 2025, the group recorded revenue of SGD 239.9 million, an increase of 79.3% compared to the previous year[8] - The group's revenue for the fiscal year ending June 30, 2025, was SGD 239.9 million, an increase of SGD 106.1 million or 79.3% compared to SGD 133.8 million for the previous fiscal year[19] - The cost of sales for the same period was SGD 215.3 million, up SGD 89.2 million or 70.7% from SGD 126.1 million in the previous year, reflecting increased construction activities[20] - Gross profit increased from SGD 7.7 million to SGD 24.6 million, with the gross profit margin rising from 5.8% to 10.3% due to new projects providing more stable profit margins[21] - The group recorded a net profit of SGD 12.8 million for the fiscal year ending June 30, 2025, compared to SGD 1.6 million for the previous year[27] - Cash and cash equivalents as of June 30, 2025, amounted to SGD 93.7 million, an increase of SGD 52.5 million from SGD 41.2 million in the previous year[28] - The current ratio as of June 30, 2025, was 1.3, consistent with the previous year's ratio[29] - The group's total current assets were SGD 155.3 million, up from SGD 76.3 million in the previous year[29] - The debt-to-equity ratio as of June 30, 2025, was 5.6%, down from 11.5% in the previous year[31] - Other income and gains increased to SGD 2.5 million from SGD 2.2 million, primarily due to higher average bank balances[22] Project Management and Operations - The group is managing eight ongoing projects with a total contract value of SGD 810.8 million, including a significant new contract worth SGD 201 million from the Singapore Ministry of Health[8] - As of June 30, 2025, the group has five construction projects with a total contract value of SGD 623.9 million, compared to SGD 609.8 million for the previous year[13] - The group completed its first Housing and Development Board (HDB) project and received the HDB Building Award in September 2025[14] - The group has successfully delivered multiple public sector projects while maintaining high quality and safety standards[7] - The group is focused on enhancing productivity, digitalization, and sustainable practices to improve efficiency and competitiveness[9] - The group aims to leverage its strong project pipeline and rigorous growth strategy to maintain market leadership and create shareholder value[9] - The group is focused on improving its technical capabilities and project management efficiency to drive future growth[49] Economic Outlook - The construction industry in Singapore grew by 6.0% year-on-year in the second quarter of 2025, an improvement from 4.9% in the first quarter[15] - The Ministry of Trade and Industry has revised the GDP growth forecast for 2025 from "0.0% to 2.0%" to "1.5% to 2.5%"[16] - The Singapore economy is expected to expand moderately between the second half of 2025 and 2026, supported by stable external demand and planned infrastructure projects[37] - The construction demand in Singapore is projected to be between SGD 47 billion and SGD 53 billion in 2025, driven by both public and private sector projects[38] - The construction industry faces challenges such as rising labor and material costs, tight labor supply, and global uncertainties affecting profit margins[39] Corporate Governance - The company is committed to maintaining high standards in financial reporting and corporate governance practices[54] - The company emphasizes the importance of corporate governance as a key element in creating shareholder value, adhering to the corporate governance code as of June 30, 2025[76] - The board of directors is composed of a majority of independent non-executive directors, exceeding the requirement of at least one-third as per listing rules[90] - The company has maintained a high level of corporate governance to gain and maintain shareholder trust[75] - The independent non-executive directors provide impartial opinions on the company's strategy and performance, ensuring the interests of all shareholders are considered[91] - The company has established mechanisms to evaluate the effectiveness of independent non-executive directors annually[93] - The board believes that the current balance of power and appropriate safeguards are in place, despite the dual role of the Chairman and CEO[99] Management and Team Experience - Tay Yen Hua has over 51 years of experience in secretarial, accounting, and human resources roles, overseeing the group's overall business operations and financial performance[48] - Huang Shan Da has over 32 years of experience in the Singapore construction industry, responsible for project management and enhancing the group's technical capabilities[52] - Kwan Shu Ming has over 19 years of experience in accounting and management, responsible for financial and accounting operations, including the preparation and publication of financial statements[53] - Lin Ya Lie has over 30 years of experience in accounting, auditing, and finance, providing advice on corporate governance matters to the board[54] - The company has a strong management team with extensive industry experience, enhancing its operational effectiveness and strategic direction[51] - The management team is actively involved in strategic planning and decision-making processes to ensure sustainable growth[51] Shareholder Communication and Dividends - The board has proposed a final dividend of HKD 0.02 per ordinary share, amounting to approximately HKD 16,000,000 (equivalent to SGD 2,600,000)[41] - The company has adopted a dividend policy that considers financial conditions and other factors before recommending any dividends[162] - The company will continue to review its dividend policy and retains the right to update or amend it at any time[165] - The annual general meeting is scheduled for December 18, 2025, during which the proposed dividend will be voted on[168] - The company ensures that all significant resolutions presented at the shareholders' meeting are voted on independently to protect shareholder rights[137] - The company maintains effective internal control and risk management systems to safeguard shareholder investments and group assets[140] Risk Management and Compliance - The company has implemented risk management procedures to avoid significant errors, losses, or fraud[142] - The company has not established an internal audit function as per corporate governance guidelines by June 30, 2025, but will continue to assess the need for such a function annually[144] - The company has established a clear organizational arrangement with defined responsibilities and authority lines for risk management[142] - The company has implemented a Whistleblowing Policy to provide reliable channels for reporting serious misconduct, with no significant fraud or misconduct reported affecting financial statements as of June 30, 2025[147] - The company has established an Anti-Bribery and Anti-Corruption Policy in May 2022, emphasizing the highest standards of integrity and ethical behavior in its operations[148] Share Option Plan - The maximum number of shares that can be issued under the share option plan is capped at 80,000,000 shares, which represents 10% of the total issued shares on the date of listing[178] - The share option plan will remain effective for a period of ten years starting from January 8, 2020, unless terminated early by shareholders[181] - The total number of shares that can be issued due to the exercise of options under the share option plan cannot exceed 1% of the company's issued share capital within any 12-month period[176] - The company’s share option plan allows for the issuance of options to employees, directors, and other selected participants as a reward for their contributions[175] - The exercise price of the options will be determined by the board and must be the highest of the closing price on the date of grant or the average closing price over the preceding five trading days[181] - The board believes that the share option plan will enhance the group’s ability to reward contributions from employees and directors[175] Related Party Transactions - The company has no significant contracts with controlling shareholders or their subsidiaries as of June 30, 2025[196] - There were no undisclosed related party transactions that required disclosure under the listing rules[185] - The company has complied with the disclosure requirements under the listing rules regarding related party transactions[185]

[Supplemental Announcement](index=1&type=section&id=%E8%A3%9C%E5%85%85%E5%85%AC%E5%91%8A) [Report Purpose and Scope](index=1&type=section&id=%E6%8A%A5%E5%91%8A%E7%9B%AE%E7%9A%84%E4%B8%8E%E8%8C%83%E5%9B%B4) This announcement supplements remuneration data for President Mr. Han Qiang (2022-2024) and Executive General Manager Mr. Luo Chuansong (2023-2024) for Jinke Smart Services Group Co., Ltd - This announcement provides supplementary remuneration information for **Mr. Han Qiang**, the company's president, for the 2022, 2023, and 2024 annual reports[3](index=3&type=chunk) - This announcement provides supplementary remuneration information for **Mr. Luo Chuansong**, the company's executive general manager, for the 2023 and 2024 annual reports[3](index=3&type=chunk) [Supplemental Remuneration Information for Key Management](index=1&type=section&id=%E6%A0%B8%E5%BF%83%E7%AE%A1%E7%90%86%E5%B1%A4%E9%85%AC%E9%87%91%E8%A3%9C%E5%85%85%E8%B3%87%E6%96%99) This section details supplementary remuneration for President Mr. Han Qiang (2022-2024) and Executive General Manager Mr. Luo Chuansong (2023-2024), including salary, bonus, and share-based payments [Remuneration for the Year Ended December 31, 2022](index=1&type=section&id=%E6%88%AA%E8%87%B32022%E5%B9%B412%E6%9C%8831%E6%97%A5%E6%AD%A2%E5%B9%B4%E5%BA%A6%E9%85%AC%E9%87%91) For the year ended December 31, 2022, President Mr. Han Qiang's total remuneration was **RMB 2,190 thousand**, mainly from salary and bonus Mr. Han Qiang's 2022 Remuneration Details | Metric | Amount (RMB in thousands) | | :--- | :--- | | Director's Fee | – | | Salary | 1,490 | | Bonus | 613 | | Housing Allowance | 26 | | Retirement Benefit Scheme Contributions | 35 | | Share-based Payments | – | | Other Allowances and Benefits in Kind | 26 | | **Total** | **2,190** | [Remuneration for the Year Ended December 31, 2023](index=1&type=section&id=%E6%88%AA%E8%87%B32023%E5%B9%B412%E6%9C%8831%E6%97%A5%E6%AD%A2%E5%B9%B4%E5%BA%A6%E9%85%AC%E9%87%91) Specific remuneration details for Mr. Han Qiang and Mr. Luo Chuansong for the year ended December 31, 2023, are not provided in the text, despite being mentioned - The announcement explicitly states that supplementary remuneration information for **Mr. Han Qiang** and **Mr. Luo Chuansong** will be provided for the 2023 annual report[3](index=3&type=chunk) - However, the detailed remuneration data for the year ended December 31, 2023, is missing from the provided text content, with only a title and empty table rows[4](index=4&type=chunk) [Remuneration for the Year Ended December 31, 2024](index=2&type=section&id=%E6%88%AA%E8%87%B32024%E5%B9%B412%E6%9C%8831%E6%97%A5%E6%AD%A2%E5%B9%B4%E5%BA%A6%E9%85%AC%E9%87%91) For the year ended December 31, 2024, President Mr. Han Qiang's total remuneration was **RMB 4,389 thousand**, and Executive General Manager Mr. Luo Chuansong's was **RMB 4,838 thousand**, both significantly increased by share-based payments Key Management 2024 Remuneration Details | Metric | Mr. Han (RMB in thousands) | Mr. Luo (RMB in thousands) | | :--- | :--- | :--- | | Director's Fee | – | – | | Salary | 1,912 | 1,530 | | Bonus | 436 | 562 | | Housing Allowance | 26 | 26 | | Retirement Benefit Scheme Contributions | 35 | 35 | | Share-based Payments | 1,956 | 2,661 | | Other Allowances and Benefits in Kind | 24 | 24 | | **Total** | **4,389** | **4,838** | - In 2024, the total remuneration for **Mr. Han Qiang** and **Mr. Luo Chuansong** significantly increased, primarily due to the introduction of share-based payments, amounting to **RMB 1,956 thousand** and **RMB 2,661 thousand**, respectively[5](index=5&type=chunk)

[Supplemental Announcement Overview](index=1&type=section&id=Supplemental%20Announcement%20Overview) This section provides an overview of the supplemental announcement, detailing its purpose and scope [Purpose and Scope of Announcement](index=1&type=section&id=Purpose%20and%20Scope%20of%20Announcement) This announcement supplements the 2024 annual report of Spai Health Technology Co., Ltd., providing additional information on the company's share schemes - This announcement supplements the 2024 annual report, primarily providing additional information on the company's share schemes (2017 Scheme, Restricted Share Unit Scheme, and 2023 Share Award Scheme)[3](index=3&type=chunk)[9](index=9&type=chunk) - All other information in the annual report remains unchanged[9](index=9&type=chunk) [Details of Share Scheme Updates](index=1&type=section&id=Details%20of%20Share%20Scheme%20Updates) This section provides updated details on the company's 2017 Scheme, Restricted Share Unit Scheme, and 2023 Share Award Scheme [2017 Scheme](index=1&type=section&id=2017%20Scheme) The 2017 Scheme's outstanding share options decreased between the annual report date and the announcement date, with a remaining term of approximately three years Outstanding Share Options Under 2017 Scheme | Grantee | Outstanding as of Annual Report Date (shares) | Approximate Percentage of Total Issued Shares (Annual Report Date) | Outstanding as of Announcement Date (shares) | Approximate Percentage of Total Issued Shares (Announcement Date) | | :--- | :--- | :--- | :--- | :--- | | Employees | 5,970,317 | 0.78% | 4,883,320 | 0.65% | | Service Providers | 804,900 | 0.11% | 733,900 | 0.10% | | Total | 6,775,217 | 0.89% | 5,617,220 | 0.75% | - As of the announcement date, the total outstanding share options under the 2017 Scheme decreased from **6,775,217** (0.89% of issued shares) on the annual report date to **5,617,220** (0.75% of issued shares)[4](index=4&type=chunk) - The 2017 Scheme commenced in January 2018 with a ten-year validity period, having approximately **three years** remaining as of the end of the reporting period[5](index=5&type=chunk) [Restricted Share Unit Scheme](index=2&type=section&id=Restricted%20Share%20Unit%20Scheme) The Restricted Share Unit Scheme had no outstanding units as of both dates and was resolved to be terminated early by the board due to all shares being vested Outstanding Restricted Share Units | Grantee | Outstanding as of Annual Report Date | Approximate Percentage of Total Issued Shares (Annual Report Date) | Outstanding as of Announcement Date | Approximate Percentage of Total Issued Shares (Announcement Date) | | :--- | :--- | :--- | :--- | :--- | | Zhou Teng | Nil | Nil | N/A | N/A | - As of both the annual report date and the announcement date, there were **no outstanding restricted share units** under Zhou Teng's name[6](index=6&type=chunk) - The Restricted Share Unit Scheme commenced in June 2021 with a ten-year validity period, having approximately **six years** remaining as of the end of the reporting period[7](index=7&type=chunk) - The Board resolved on **August 18, 2025**, to early terminate the Restricted Share Unit Scheme, as all relevant shares have been duly vested and the trustee holds no funds or property[7](index=7&type=chunk) [2023 Share Award Scheme](index=3&type=section&id=2023%20Share%20Award%20Scheme) The 2023 Share Award Scheme has a total cap of 8% of issued share capital, with 60,820,600 shares purchased by the trustee but none yet awarded - The total number of share awards under the 2023 Scheme is capped at **8%** of the company's issued share capital as of the adoption date (approximately **7.99%** as of the annual report date)[8](index=8&type=chunk) Share Purchases Under 2023 Scheme | Date | Total Shares Purchased (shares) | Approximate Percentage of Issued Share Capital (excluding treasury shares) | | :--- | :--- | :--- | | Annual Report Date | 42,297,400 | 5.56% | | Announcement Date | 60,820,600 | 8.10% | - As of the announcement date, the company has **not yet awarded any shares** under this scheme[8](index=8&type=chunk) - The 2023 Share Award Scheme commenced in August 2023 with a ten-year validity period, having approximately **eight years** remaining as of the end of the reporting period[9](index=9&type=chunk) [Other Information](index=3&type=section&id=Other%20Information) This section provides additional information, including the composition of the Board of Directors [Board of Directors Composition](index=3&type=section&id=Board%20of%20Directors%20Composition) The announcement is signed by Mr. Ma Xuguang, Chairman and Executive Director, and details the board's composition as of the announcement date - The announcement is signed by **Mr. Ma Xuguang**, Chairman and Executive Director of the Board[10](index=10&type=chunk) - As of the announcement date, the Board members include Executive Directors **Mr. Ma Xuguang** and **Mr. Li Ji**; Non-executive Director **Mr. Yao Leiwen**; and Independent Non-executive Directors **Mr. Fan Xin**, **Mr. He Haijian**, and **Ms. Huang Bei**[11](index=11&type=chunk)

Financial Assets - The fair value of financial assets measured at fair value through profit or loss includes an investment in New Ray Medicine International Holding Limited, which accounts for approximately 5.9% of the group's audited total assets as of December 31, 2024[3] - The investment in New Ray Medicine International Holding Limited is held through a 39% ownership of ordinary shares, representing 39% of the paid-up capital[3] Investment Information - The company advises to refer to the 2024 annual report for detailed historical investment costs, fair value at year-end, and performance during the year[4]

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。 China Tower Corporation Limited 中國鐵塔股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份編號：0788） 2025年首三季度未經審核的主要運營數據 ❖ 營業收入為人民幣743.19億元，同比增長2.6%；其中： 中國鐵塔股份有限公司（「本公司」或「公司」）董事會（「董事會」）宣佈本公司截至 2025年9月30日止期間若干主要的未經審核合併財務數據與業務數據。 1 • 運營商業務收入為人民幣634.32億元，同比增長0.5%；其中，塔類業 務收入為人民幣565.09億元，同比下降0.7%；室內分佈式天線系統 （「室分」）業務收入為人民幣69.23億元，同比增長11.3% • 智聯業務收入為人民幣70.93億元，同比增長16.8% • 能源業務收入為人民幣34.24億元，同比增長11.5% ❖ EBITDA為人民幣509.59億元，同比增長2.5% ❖ 歸屬於 ...

[Report Overview](index=1&type=section&id=%E5%A0%B1%E5%91%8A%E6%A6%82%E8%A7%88) This section covers the unaudited third-quarter report's disclaimers, basic information, and the Board and management's assurance of its accuracy [Disclaimer and Basic Information](index=1&type=section&id=%E5%85%8D%E8%B2%AC%E8%81%B2%E6%98%8E%E8%88%87%E5%9F%BA%E6%9C%AC%E4%BF%A1%E6%81%AF) This unaudited third-quarter report for the nine months ended September 30, 2025, is prepared by Fuyao Glass under PRC accounting standards, with HKEX disclaiming responsibility for its accuracy - The report is issued by Fuyao Glass Industry Group Co., Ltd., covering financial information for the third quarter and nine months ended September 30, **2025**[2](index=2&type=chunk)[3](index=3&type=chunk) - The financial report is prepared in accordance with PRC Accounting Standards and is unaudited[3](index=3&type=chunk) - The Hong Kong Stock Exchange takes no responsibility for the content of this announcement and does not guarantee its accuracy or completeness[1](index=1&type=chunk) [Board of Directors and Management Statement](index=2&type=section&id=%E8%91%A3%E4%BA%8B%E5%B1%80%E5%8F%8A%E7%AE%A1%E7%90%86%E5%B1%A4%E8%81%B2%E6%98%8E) The Board of Directors, directors, and senior management guarantee the report's truthfulness, accuracy, and completeness, assuming legal responsibility for its content - The Board of Directors and senior management guarantee the truthfulness, accuracy, and completeness of the report's content and assume legal responsibility[4](index=4&type=chunk) - The third-quarter financial statements are unaudited[5](index=5&type=chunk) [Key Financial Data](index=3&type=section&id=%E4%B8%80.%20%E4%B8%BB%E8%A6%81%E8%B2%A1%E5%8B%99%E6%95%B8%E6%93%9A) This section presents the company's key financial data for the nine months ended September 30, 2025, including accounting metrics, non-recurring items, and analysis of changes [Key Accounting Data and Financial Indicators](index=3&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E4%B8%BB%E8%A6%81%E6%9C%83%E8%A8%88%E6%95%B8%E6%93%9A%E5%92%8C%E8%B2%A1%E5%8B%99%E6%8C%87%E6%A8%99) For the nine months ended September 30, 2025, revenue reached **33.30 billion Yuan**, up **17.62%**, with net profit attributable to shareholders at **7.06 billion Yuan**, up **28.93%** Key Financial Data for Q1-Q3 2025 | Indicator | Current Period (3 months) (Yuan) | YoY Change (%) | Year-to-Date (9 months) (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 11,854,516,214 | 18.86 | 33,301,907,930 | 17.62 | | Total Profit | 2,782,814,433 | 18.98 | 8,577,135,182 | 32.69 | | Net Profit Attributable to Shareholders | 2,259,142,444 | 14.09 | 7,063,854,155 | 28.93 | | Net Profit Attributable to Shareholders Excluding Non-recurring Items | 2,214,951,522 | 12.19 | 6,921,634,077 | 24.70 | | Net Cash Flow from Operating Activities | N/A | N/A | 9,884,629,654 | 57.29 | | Basic EPS (Yuan/share) | 0.87 | 14.47 | 2.71 | 29.05 | | Diluted EPS (Yuan/share) | 0.87 | 14.47 | 2.71 | 29.05 | | Weighted Average ROE (%) | 6.17 | 增加0.07 percentage points | 19.35 | 增加2.35 percentage points | Key Balance Sheet Data | Indicator | As of Sep 30, 2025 (Yuan) | As of Dec 31, 2024 (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 70,641,939,363 | 63,254,182,536 | 11.68 | | Total Equity Attributable to Shareholders | 35,473,992,872 | 35,694,366,243 | -0.62 | [Non-recurring Gains and Losses Items and Amounts](index=4&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E9%9D%9E%E7%B6%93%E5%B8%B8%E6%80%A7%E6%90%8D%E7%9B%8A%E9%A0%85%E7%9B%AE%E5%92%8C%E9%87%91%E9%A1%8D) For the nine months ended September 30, 2025, total non-recurring gains and losses amounted to **142 million Yuan**, primarily from government subsidies of **133 million Yuan** Non-recurring Gains and Losses Items for Q1-Q3 2025 | Non-recurring Item | Current Period Amount (Yuan) | Year-to-Date Amount (Yuan) | | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | -6,939,952 | -3,129,401 | | Government Subsidies Recognized in Current Profit/Loss | 38,058,112 | 133,130,375 | | Gains/Losses from Changes in Fair Value and Disposal of Financial Assets and Liabilities | 4,232,300 | 4,439,216 | | Reversal of Impairment Provisions for Receivables | 21,329 | 21,329 | | Other Non-operating Income and Expenses | 12,400,035 | 30,704,593 | | Less: Income Tax Impact | 3,549,091 | 22,497,208 | | Minority Interests Impact (After Tax) | 31,811 | 448,826 | | **Total** | **44,190,922** | **142,220,078** | [Analysis of Changes in Key Accounting Data and Financial Indicators](index=5&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%E4%B8%BB%E8%A6%81%E6%9C%83%E8%A8%88%E6%95%B8%E6%93%9A%E3%80%81%E8%B2%A1%E5%8B%99%E6%8C%87%E6%A8%99%E7%99%BC%E7%94%9F%E8%AE%8A%E5%8B%95%E7%9A%84%E6%83%85%E6%B3%81%E3%80%81%E5%8E%9F%E5%9B%A0) For the nine months ended September 30, 2025, total profit increased by **32.69%** due to enhanced marketing, higher value-added products, efficiency gains, and exchange gains - Year-to-date total profit increased by **32.69%**, primarily driven by intensified marketing efforts, a higher proportion of high value-added products, improved quality and efficiency, and increased exchange gains[12](index=12&type=chunk) - Year-to-date net cash flow from operating activities increased by **57.29%**, mainly due to higher revenue and profit[12](index=12&type=chunk) [Shareholder Information](index=6&type=section&id=%E4%BA%8C.%20%E8%82%A1%E6%9D%B1%E6%83%85%E6%B3%81) This section details the company's shareholder structure, including the total number of ordinary shareholders and the holdings of the top ten shareholders [Total Number of Ordinary Shareholders and Top Ten Shareholders' Holdings](index=6&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E6%9D%B1%E7%B8%BD%E6%95%B8%E5%92%8C%E8%A1%A8%E6%B1%BA%E6%AC%8A%E6%81%A2%E5%BE%A9%E7%9A%84%E5%84%AA%E5%85%88%E8%82%A1%E8%82%A1%E6%9D%B1%E6%95%B8%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E6%9D%B1%E6%8C%81%E8%82%A1%E6%83%85%E6%B3%81%E8%A1%A8) As of September 30, 2025, the company had **85,733** ordinary shareholders, with HKSCC NOMINEES LIMITED, Hong Kong Securities Clearing Company Limited, and San Yi Development Co., Ltd. being among the top holders - As of September 30, **2025**, the company's total number of ordinary shareholders was **85,733**[14](index=14&type=chunk)[15](index=15&type=chunk) Top 10 Ordinary Shareholders' Holdings (As of Sep 30, 2025) | Shareholder Name | Shareholder Type | Number of Shares Held (shares) | Shareholding (%) | | :--- | :--- | :--- | :--- | | HKSCC NOMINEES LIMITED | Unknown | 595,735,494 | 22.83 | | 香港中央結算有限公司 | Unknown | 397,836,786 | 15.24 | | 三益發展有限公司 | Overseas Legal Person | 390,578,816 | 14.97 | | 河仁慈善基金會 | Domestic Non-state Legal Person | 169,512,888 | 6.50 | | 白永麗 | Unknown | 39,499,815 | 1.51 | | 中國證券金融股份有限公司 | Unknown | 28,095,485 | 1.08 | | 中國工商銀行股份有限公司－華泰柏瑞滬深300交易型開放式指數證券投資基金 | Unknown | 27,247,572 | 1.04 | | 李海清 | Unknown | 26,644,587 | 1.02 | | 李福清 | Unknown | 24,291,709 | 0.93 | | 福建省耀華工業村開發有限公司 | Domestic Non-state Legal Person | 24,077,800 | 0.92 | - San Yi Development Co., Ltd. and Fujian Yaohua Industrial Village Development Co., Ltd. are controlled by the same entity[17](index=17&type=chunk)[18](index=18&type=chunk) [Quarterly Financial Statements](index=8&type=section&id=%E4%B8%89.%20%E5%AD%A3%E5%BA%A6%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8) This section provides the consolidated and parent company financial statements, including balance sheets, income statements, and cash flow statements [Consolidated Financial Statements](index=8&type=section&id=%E5%90%88%E4%BD%B5%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8) This section presents the consolidated financial statements of Fuyao Glass Industry Group Co., Ltd. and its subsidiaries, reflecting the group's overall financial performance - Consolidated financial statements include the consolidated balance sheet, consolidated income statement, and consolidated cash flow statement, reflecting the group's overall financial performance[19](index=19&type=chunk)[25](index=25&type=chunk)[34](index=34&type=chunk) [Consolidated Balance Sheet](index=8&type=section&id=%E5%90%88%E4%BD%B5%E8%B3%87%E7%94%A2%E8%B2%A0%E5%82%B5%E8%A1%A8) As of September 30, 2025, total consolidated assets were **70.64 billion Yuan**, up **11.68%** from year-end 2024, with total liabilities increasing **27.59%** to **35.17 billion Yuan** Consolidated Balance Sheet Major Data (As of Sep 30, 2025) | Item | As of Sep 30, 2025 (Yuan) | As of Dec 31, 2024 (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 70,641,939,363 | 63,254,182,536 | 11.68 | | Total Current Assets | 40,880,168,981 | 36,403,083,788 | 12.30 | | Total Non-current Assets | 29,761,770,382 | 26,851,098,748 | 10.84 | | Total Liabilities | 35,172,926,559 | 27,568,613,358 | 27.59 | | Total Current Liabilities | 27,552,743,110 | 17,988,933,782 | 53.16 | | Total Non-current Liabilities | 7,620,183,449 | 9,579,679,576 | -20.46 | | Total Equity Attributable to Parent Company Shareholders | 35,473,992,872 | 35,694,366,243 | -0.62 | - Short-term borrowings increased from **4.59 billion Yuan** to **6.39 billion Yuan**, notes payable from **3.01 billion Yuan** to **4.49 billion Yuan**, and non-current liabilities due within one year from **2.85 billion Yuan** to **5.71 billion Yuan**, indicating a significant increase in current liabilities[22](index=22&type=chunk)[23](index=23&type=chunk) [Consolidated Income Statement](index=13&type=section&id=%E5%90%88%E4%BD%B5%E5%88%A9%E6%BD%A4%E8%A1%A8) For Q1-Q3 2025, consolidated total operating revenue was **33.30 billion Yuan**, up **17.62%**, with net profit at **7.07 billion Yuan**, up **28.90%**, driven by improved financial expenses Consolidated Income Statement Major Data (Q1-Q3 2025) | Item | Q1-Q3 2025 (Yuan) | Q1-Q3 2024 (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 33,301,907,930 | 28,313,511,824 | 17.62 | | Total Operating Costs | 24,958,010,152 | 21,874,454,960 | 14.10 | | Financial Expenses | -922,946,275 | -451,389,919 | -104.47 | | Total Profit | 8,577,135,182 | 6,464,179,868 | 32.69 | | Net Profit | 7,067,671,152 | 5,483,021,139 | 28.90 | | Net Profit Attributable to Parent Company Shareholders | 7,063,854,155 | 5,478,784,237 | 28.93 | | Basic EPS (Yuan/share) | 2.71 | 2.10 | 29.05 | - Financial expenses were **-923 million Yuan**, a further improvement from **-451 million Yuan** in the prior year period, mainly due to interest income and exchange gains[29](index=29&type=chunk) - Investment income was **-2.77 million Yuan**, a significant reduction in loss compared to **-222 million Yuan** in the prior year period[29](index=29&type=chunk) [Consolidated Cash Flow Statement](index=18&type=section&id=%E5%90%88%E4%BD%B5%E7%8F%BE%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) For Q1-Q3 2025, consolidated net cash flow from operating activities significantly increased by **57.29%** to **9.88 billion Yuan**, with cash and cash equivalents at period end reaching **21.83 billion Yuan** Consolidated Cash Flow Statement Major Data (Q1-Q3 2025) | Item | Q1-Q3 2025 (Yuan) | Q1-Q3 2024 (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 9,884,629,654 | 6,284,478,745 | 57.29 | | Net Cash Flow from Investing Activities | -4,451,657,212 | -5,611,464,664 | 20.67 (Decrease in outflow) | | Net Cash Flow from Financing Activities | -2,236,351,625 | -1,403,562,681 | -59.37 (Increase in outflow) | | Net Increase in Cash and Cash Equivalents | 3,097,648,628 | -890,908,688 | 447.66 | | Cash and Cash Equivalents at Period End | 21,831,423,004 | 12,460,340,950 | 75.21 | - Cash received from sales of goods and provision of services increased by **19.92%** to **33.62 billion Yuan**[35](index=35&type=chunk) - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets increased by **22.36%** to **4.54 billion Yuan**, indicating continued capital investment by the company[38](index=38&type=chunk) [Parent Company Financial Statements](index=22&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8) This section presents the financial statements of Fuyao Glass Industry Group Co., Ltd. (parent company only), reflecting its standalone financial position and performance - Parent company financial statements include the parent company balance sheet, parent company income statement, and parent company cash flow statement, reflecting the parent company's standalone financial performance[41](index=41&type=chunk)[47](index=47&type=chunk)[53](index=53&type=chunk) [Parent Company Balance Sheet](index=22&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B3%87%E7%94%A2%E8%B2%A0%E5%82%B5%E8%A1%A8) As of September 30, 2025, parent company total assets grew **11.59%** to **57.96 billion Yuan**, while total liabilities increased **26.43%** to **33.52 billion Yuan** Parent Company Balance Sheet Major Data (As of Sep 30, 2025) | Item | As of Sep 30, 2025 (Yuan) | As of Dec 31, 2024 (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 57,964,685,334 | 51,947,545,405 | 11.59 | | Total Current Assets | 41,804,521,740 | 36,704,206,155 | 13.89 | | Total Non-current Assets | 16,160,163,594 | 15,243,339,250 | 6.01 | | Total Liabilities | 33,518,166,565 | 26,511,355,434 | 26.43 | | Total Current Liabilities | 30,406,261,655 | 20,193,889,852 | 50.57 | | Total Non-current Liabilities | 3,111,904,910 | 6,317,465,582 | -50.74 | | Total Equity | 24,446,518,769 | 25,436,189,971 | -3.90 | - Parent company other payables increased from **14.57 billion Yuan** to **19.93 billion Yuan**, and non-current liabilities due within one year increased from **2.41 billion Yuan** to **5.24 billion Yuan**, leading to a significant increase in current liabilities[45](index=45&type=chunk) - Long-term borrowings decreased from **6.03 billion Yuan** to **2.67 billion Yuan**, resulting in a significant decrease in non-current liabilities[45](index=45&type=chunk) [Parent Company Income Statement](index=26&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E5%88%A9%E6%BD%A4%E8%A1%A8) For Q1-Q3 2025, parent company operating revenue was **5.42 billion Yuan**, up **9.13%**, with net profit increasing **34.91%** to **6.06 billion Yuan**, primarily driven by investment income Parent Company Income Statement Major Data (Q1-Q3 2025) | Item | Q1-Q3 2025 (Yuan) | Q1-Q3 2024 (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 5,417,565,416 | 4,964,574,157 | 9.13 | | Operating Profit | 6,181,417,999 | 4,507,078,263 | 37.15 | | Total Profit | 6,184,544,004 | 4,509,007,775 | 37.16 | | Net Profit | 6,056,636,335 | 4,489,518,064 | 34.91 | | Investment Income | 6,348,841,017 | 4,482,254,475 | 41.64 | - Investment income significantly increased by **41.64%** to **6.35 billion Yuan**, serving as the primary driver for the parent company's net profit growth[48](index=48&type=chunk) - Financial expenses were **-213 million Yuan**, a slight narrowing from **-307 million Yuan** in the prior year period, mainly due to interest income[48](index=48&type=chunk) [Parent Company Cash Flow Statement](index=29&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E7%8F%BE%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) For Q1-Q3 2025, parent company net cash flow from operating activities significantly improved to **-70 million Yuan**, with net cash flow from investing activities substantially increasing by **79.07%** to **5.94 billion Yuan** Parent Company Cash Flow Statement Major Data (Q1-Q3 2025) | Item | Q1-Q3 2025 (Yuan) | Q1-Q3 2024 (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -70,082,108 | -1,272,017,406 | 94.49 (Significant decrease in outflow) | | Net Cash Flow from Investing Activities | 5,941,906,111 | 3,318,329,106 | 79.07 | | Net Cash Flow from Financing Activities | -3,460,975,456 | -3,384,313,451 | -2.26 (Slight increase in outflow) | | Net Increase in Cash and Cash Equivalents | 2,280,223,113 | -1,424,741,140 | 260.09 | | Cash and Cash Equivalents at Period End | 19,838,333,312 | 11,327,821,506 | 75.14 | - Cash received from other investing activities was **1.08 billion Yuan**, compared to **0** in the prior year period, significantly contributing to investing cash inflows[55](index=55&type=chunk) - Cash paid for other investing activities was **551 million Yuan**, compared to **0** in the prior year period[55](index=55&type=chunk)

股票編號 026 二零二五年度年報 | 公司資料 | 2 | | --- | --- | | 董事報告書 | 3-10 | | 環境、社會及管治報告 | 11-23 | | 企業管治報告 | 24-34 | | 董事局主席報告書 | 35-36 | | 董事及高級行政人員簡介 | 37-38 | | 獨立核數師報告 | 39-42 | | 綜合收益表 | 43 | | 綜合全面收益表 | 44 | | 綜合財務狀況表 | 45 | | 綜合權益變動表 | 46-47 | | 綜合現金流動表 | 48-49 | | 財務報表附註 | 50-86 | | 財政撮要 | 87 | | 集團物業 | 88 | 公司資料 董事局 執行董事 顏亨利醫生 主席 翁順來 行政總裁 Michael John MOIR 非執行董事 顏淑嫺醫生（於2025年6月2日獲委任） 獨立非執行董事 Anthony Grahame STOTT 陳智文 周明德醫生 Lynne Jane ARNETT（於2024年9月6日獲委任） 秘書 朱麗珊 註冊辦事處 香港北角英皇道510號港運大廈26樓2606-08室 銀行 香港上海滙豐銀行有限公司 渣 ...

超大現代農業（控股）有限公司 (於開曼群島註冊成立之有限公司) (股份代號: 682) 年度報告 2024/2025 目錄 | 公司資料 | 2 | | --- | --- | | 主席報告 | 4 | | 管理層討論與分析 | 6 | | 企業管治報告 | 9 | | 環境、社會及管治報告 | 22 | | 董事及高級行政人員簡介 | 56 | | 董事會報告 | 59 | | 獨立核數師報告 | 71 | | 綜合損益及其他全面收益表 | 76 | | 綜合財務狀況表 | 78 | | 綜合權益變動表 | 80 | | 綜合現金流量表 | 81 | | 綜合財務報表附註 | 83 | | 五年財務概要 | 140 | 公司資料 董事會 執行董事 郭浩先生 （主席） 況巧先生 非執行董事 葉志明先生 獨立非執行董事 馮志堅先生 譚政豪先生 李英女士 審核委員會 譚政豪先生 （主席） 馮志堅先生 李英女士 薪酬委員會 馮志堅先生 （主席） 譚政豪先生 況巧先生 提名委員會 馮志堅先生 （主席） 郭浩先生 況巧先生 譚政豪先生 李英女士 授權代表 郭浩先生 葉志明先生 公司秘書 楊文哲先生 2024 / 202 ...

Sales and Payment Issues - The company sold 32,863,966 tons of graphite ore to Aspect Group Limited (AGL) for a total price of $296,433,000, with payment due by September 30, 2025[2] - AGL failed to make the payment by the agreed date, prompting the company to issue a default notice and consider all legal means to protect its interests[3] - The company rejected AGL's proposal to extend the payment deadline to December 31, 2026, or to return unused graphite ore due to uncontrollable risks in Madagascar[7] - A settlement agreement was signed on October 16, 2025, allowing AGL's collateral to be used to settle the outstanding payment[5] Political and Operational Challenges - The company believes that selling all production lines and facilities in Madagascar was a correct decision due to the unstable political situation[7] - The political instability in Madagascar has made sales, storage, production, transportation, and personnel deployment extremely challenging[7]