Group 1 - The company reported a revenue of HKD 135 million for the six months ending June 30, 2025, representing a year-on-year decrease of 1.1% [1] - The loss attributable to shareholders narrowed to HKD 20.5 million, a reduction of 16.8% year-on-year, with a loss per share of HKD 0.02 [1] - The company's core Joint Design Manufacturing (JDM) business performed poorly due to clients' reluctance to invest in new product development, prompting a strategic shift towards Original Design Manufacturing (ODM) [1] Group 2 - The company observed rapid growth in the instant retail delivery sector in China since 2020, driven by changing consumer habits, increased food delivery during the pandemic, rising mobile phone penetration, and a growing demand for convenience [1] - In December 2024, the company decided to launch a new business segment focused on instant retail delivery systems in China [2] - The company is in the final stages of negotiations with several leading online supermarkets and large physical chain supermarkets to utilize its instant delivery system services [2] - The company plans to provide a comprehensive instant delivery system service, including dedicated electric delivery vehicles, new energy batteries, charging equipment, and smart management software [2] - The company has signed asset procurement agreements to purchase approximately 3,200 electric delivery vehicles and related components, as well as a contract for the use of smart management software [2]

Financial Performance - The company's overall loss has expanded by 23% compared to the previous year, primarily due to non-recurring losses totaling -15.99 million yuan, with financial instrument losses amounting to -29.92 million yuan attributed to impairment of equity investments [2][4] - Regular profit losses have narrowed by 43% compared to the previous year [2][4] Future Growth Drivers - Future profit growth will be driven by expanding product sales, particularly in the renewable energy sector, shifting focus from building electric vehicle charging stations to selling charging equipment [3][4] - The company has developed a megawatt-level flexible charging pile that has passed CE and UL certifications, facilitating expansion into overseas markets, especially the U.S. [3][4] Industry Context - The company operates in a favorable environment with the rise of renewable energy and the acceleration of digital transformation in the power grid, creating new growth points and significant market demand [4][5] - Despite recent poor performance, the company has been investing heavily since 2021 in charging infrastructure, leading to its first operational loss and four consecutive years of losses [4][5] Market Outlook - The current phase of China's power system development presents broad opportunities for the power equipment industry, driven by increased investment in infrastructure and energy structure optimization [5] - The market for electric vehicle charging infrastructure is expected to grow significantly, with the penetration rate of new energy vehicles reaching 51.5% by April 2025, marking a transition to a predominantly electric phase [5]

Group 1: Market Strategy and Expansion - The company plans to accelerate international market development and strengthen its international sales network in 2025 [2][3] - It aims to deepen domestic channel construction, creating a diversified distribution network across the country while enhancing terminal sales and service capabilities [3][4] - The company will improve its new energy charging equipment system and promote it through various cooperation methods [3][4] Group 2: Research and Development Focus - The company will focus on the development of the "integrated parking and charging" platform, integrating smart parking and charging management to support smart city and new energy infrastructure [3][4] - Expected R&D outcomes in 2025 include several patents that enhance product performance and applicability, such as a multifunctional gear transmission system [3][4] - The software platform will be optimized to provide real-time sharing of information between parking lots and charging stations, improving user experience [3][4] Group 3: Risk Management and Cost Control - The company will optimize supplier management and broaden raw material supply channels to mitigate the impact of raw material price fluctuations [4] - It will engage in cost control measures and strategic cooperation with raw material manufacturers to stabilize procurement prices [4] - The company is aware of challenges in overseas market expansion, including technical standard differences and increased supply chain costs [4] Group 4: Shareholder Returns and Future Planning - The company will consider reasonable returns for shareholders while ensuring stable development and may optimize its dividend policy accordingly [4] - Future industry layout will focus on the "integrated parking and charging" strategy, aligning with technological advancements and market needs [4]