Core Viewpoint - Recently, Xinyi International disclosed its revenue for June 2025 and the first half of the year, showing a mixed performance with a year-on-year increase in June but a decrease in the first half [1]. Group 1: Financial Performance - In June 2025, Xinyi International reported a net revenue of HKD 1.441 billion, representing a year-on-year increase of 9.4% [1]. - For the first half of 2025, the company achieved a net revenue of approximately HKD 8.585 billion, reflecting a year-on-year decrease of 5.7% [1]. Group 2: Company Overview - Xinyi International is an investment holding company under Xinyi Group, primarily engaged in the research, production, and sales of electronic products such as LCDs and touch screens [1]. - The company holds a 29.69% stake in Xinyi (Renshou) High-end Display Technology Co., Ltd., which operates a 5th generation TFT-LCD production facility that commenced mass production in 2021 [1]. Group 3: Production and Capacity - In late May, Xinyi's automotive display project was signed and established in Renshou, Sichuan [1]. - According to Xinyi Group's Vice President, Song Beibei, the 27 LCD production lines and 25 mobile display module production lines at Renshou Xinyi are operating at full capacity, with plans to deepen collaboration with Renshou [1]. - The total output value of the Renshou Xinyi project is expected to reach CNY 10.5 billion in 2024, with a capacity utilization rate exceeding 90% [1]. - In February 2025, the head of Renshou Xinyi revealed that the monthly capacity is approximately 110K large panels, with expectations to exceed 130K large panels per month in the second half of 2025 [1].

Group 1: Financial Performance - The company achieved a revenue of CNY 353,581.74 million in 2024, representing a growth of 25.93% year-on-year [6] - The total profit for 2024 was CNY 13,346.33 million, an increase of 134.81% compared to the previous year [6] - The net profit attributable to shareholders was CNY 12,428.01 million, reflecting a year-on-year growth of 134.04% [6] Group 2: Business Strategy and Development - The company is focusing on dual main business strategies in power transmission and touch display, aiming for synergistic development [5] - A subsidiary in Thailand is being established to enhance overseas production capabilities [5] - The company is collaborating with Wuxi Quanzhibo Technology Co., Ltd. on the research and production of robotic joints and core components [5] Group 3: Market Outlook and Risks - The company is monitoring international political and trade dynamics to mitigate risks associated with U.S. tariffs, as its products are not directly exported to the U.S. [3] - The touch display industry is recovering from a cyclical downturn, with the company leveraging its core advantages in large-size touch screens [5] - The company is committed to enhancing its technological capabilities and expanding its market presence to improve profitability [3] Group 4: Investor Relations and Communication - The annual performance briefing was held on April 14, 2025, via the Panoramic Network's investor relations platform, allowing for interactive communication with investors [2] - The company plans to disclose its first-quarter report for 2025 on April 29, 2025, providing updates on its financial performance [6] - The company emphasizes transparency in information disclosure and aims to enhance investor confidence through effective communication [8]