Financial Performance - PAX Global Technology Limited reported revenue of HK$2,716 million for 1H 2025, compared to HK$3,013 million in 1H 2024[8, 36] - Profit for the period was HK$391 million in 1H 2025, compared to HK$460 million in 1H 2024[8, 36] - Gross profit margin increased slightly from 46.8% in 1H 2024 to 46.9% in 1H 2025[8, 36] - The company declared an interim dividend of HK 25 cents per share, with a payout ratio of 67.8%[10] Cash Flow and Working Capital - Net cash generated from operating activities was HK$154 million[14, 39] - Payments in dividends and buybacks amounted to HK$275 million[14, 39] - Trade and bills receivables increased by 8.3% year-over-year, with a turnover of 182 days[15] - Inventories decreased by 4.4% year-over-year, with a turnover of 230 days[15] - Trade payables decreased by 11.1% year-over-year, with a turnover of 118 days[16] Regional Performance - EMEA (Europe, the Middle East and Africa) contributed the largest share of revenue at HK$1,084 million, representing 40% of total revenue[27] - LACIS (Latin America and the Commonwealth of Independent States) contributed HK$684 million, representing 25% of total revenue[24] - USCA (United States of America and Canada) contributed HK$499 million, representing 18% of total revenue[25] - APAC (Asia Pacific Region) contributed HK$449 million, representing 17% of total revenue[28]

(Stock Code: 1177.HK) (RMB bn) 2025 2025 Interim Results Announcement 2025.8.18 Hong Kong CONTENTS Financial Highlights Pipeline Highlights 2 Financial Highlights Both revenue and profit achieved double-digit growth 1.54 3.09 2024 H1 Continuing Operations 2025 H1 Continuing Operations Revenue 15.87 17.57 2024 H1 Continuing Operations 2025 H1 Continuing Operations Profit attributable to owners of the parent (as reported) 1.41 3.39 2024 H1 Continuing Operations 2025 H1 Continuing Operations Profit attributabl ...

Financial Performance - The Group's revenue from continuing operations reached $518.8 million, marking an impressive 81.9% year-over-year increase compared to H1 2024[5,65] - Adjusted net profit from continuing operations soared to $178.0 million, a substantial 509.6% increase compared to the $29.2 million in H1 2024[5,65] - GenScript revenue increased by 11.3% to $247.6 million[65,67] - ProBio experienced significant growth, with revenue reaching $246.9 million, a 511.1% increase[5,65,70] - Bestzyme's revenue grew by 8.4% to $28.3 million[65,73] GenScript Highlights - GenScript served over 42,000 customers in H1 2025, up from 39,000+ in H1 2024[18] - The number of scientific journals citing GenScript increased to over 112,000, compared to 100,000+ in H1 2024[18] - R&D functions account for approximately 10% of the 5700+ employees globally[6] ProBio Highlights - ProBio's cash position is $371.1 million[70] - 20 CDMO projects in H1 2025, with >50% from global customers[42] Bestzyme Highlights - Bestzyme's R&D expenses increased by 62%, from $2.9 million in H1 2024 to $4.7 million in H1 2025[59] - International revenue contribution increased, accounting for 23% of revenue in H1 2025 compared to 21% in H1 2024[73] Guidance - The company revised its revenue growth target for FY 2025 from 10%-15% to 13%-15%[78] - Bestzyme expects 20%-25% revenue growth with Adjusted GPM ~45%[78]

SITC International Holdings Company Limited (Stock Code: HK1308) August 2025 Disclaimer This document does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of SITC International Holdings Company Limited (the "Company") in any jurisdiction or an inducement to enter into investment activity, nor may it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. Specifically, this document does not constitute ...

Financial Performance - Revenue decreased slightly by 1% from HK$10,501 million to HK$10,437 million[9] - Renewable Energy Business Net Profit increased by 5% from HK$164 million to HK$172 million[9] - Capital Expenditure decreased from HK$2 billion to HK$1.4 billion[12] Gas Business - Gas sales volume remained steady at 8.75 billion m³[5] - City Gas Dollar Margin increased by RMB 0.01/m³ to RMB 0.57/m³[5] - Operating expenses decreased by 6% due to optimized personnel structure[20] - Signed a 15 billion m³ pipeline gas LTA with the "Three Majors", amounting to 1.5 billion m³/year[4] - Secured LNG import supply of 1.5 million tonnes/year, equivalent to 2.1 billion m³/year[4] Renewable Energy - PV power generation increased by 44% to 1.18 billion kWh[4, 5] - Accumulated PV Grid-connected capacity increased by 0.3 GW to 2.6 GW[5] - Electricity trading volume increased by 14% to 3.64 billion kWh[5] - Secured 775 MWh in Energy Storage System (ESS) contracts[4] - Two tranches of quasi-REITs raised approximately RMB 1 billion[4, 38]

Financial Performance - The company's turnover increased by 2.2% compared to the first half of 2024[10,92] - Recurring underlying profit increased by 1.2% compared to the first half of 2024[10,92] - Underlying profit increased by 1.2% compared to the first half of 2024[10,92] - HK$15.3 billion in undrawn committed facilities and cash provides ample liquidity[74,156] - Shareholders' Fund is HK$65.2 billion, NAV per share is HK$63.5, and DPS is HK$0.27[72,154] Portfolio Performance - Hong Kong office occupancy is at 92% as of June 30, 2025[10,45,66,127,149] - Hong Kong residential occupancy is at 94% as of June 30, 2025[10,45,127] - Hong Kong retail occupancy is at 70% as of June 30, 2025[10,45,127] - Hong Kong retail revenue increased by 0.8% year-over-year[46,128] - Hong Kong office revenue decreased by 2.4% year-over-year[46,128] Strategic Initiatives - Lee Garden Eight is on track for completion in 2026, expecting a 30% expansion of the Lee Gardens leasable portfolio and a 20% increase in daily footfall[33,37,116,119] - Targeting HK$8 billion over 5 years through capital recycling from non-core assets like Bamboo Grove and VILLA LUCCA[69,151]

Financial Highlights - Revenue increased by 3% to HK$2407 billion in 1H 2025[6] - Net earnings decreased by 92% to HK$09 billion in 1H 2025, but underlying net earnings increased by 11%[6] - EPS decreased by 92% to $022 in 1H 2025, but underlying EPS increased by 11%[6] - EBITDA decreased by 14% to $450 billion in 1H 2025, but underlying EBITDA increased by 7%[7] - Operating Free Cash Flow increased by 11% to $218 billion in 1H 2025[7] - Free Cash Flow increased by 248%[17] Segment Performance - Ports and Related Services revenue increased by 9% to HK$23597 million[71], with throughput increasing by 4% to 440 million TEUs[26] - Retail revenue increased by 8% to HK$98840 million[71], with a 2% increase in store numbers to 16935[28] - Infrastructure revenue increased by 6% to HK$28627 million[71] - CK Hutchison Group Telecom revenue increased by 5% to HK$45012 million[71] - Finance & Investments and Others revenue decreased by 10% to HK$44587 million[71] Telecommunications - 3 Group Europe - 3 Group Europe's total revenue increased by 5% to HK$41958 million[38] - Underlying EBITDA increased by 7% to HK$11816 million[38] - Active customer base increased by 40% to 566 million[108] Financial Position - Liquid assets totaled $1373 billion, sufficient to cover all debt maturing before December 2028[21] - Net Debt Ratio was 147%[7] - Group GHG performance reduced scope 1 + 2 emissions by approximately 20% against 2020 baseline[54]

Financial Performance - Revenue increased by 12.7% from HK$34,727 million in 2024 to HK$39,126 million in 2025[6] - Profit attributable to shareholders decreased by 26.2% from HK$8,603 million in 2024 to HK$6,302 million in 2025[6] - Interim dividend per share (DPS) remained unchanged at HK$0.39[9, 10] Property Sales - Property sales revenue increased by 58.9% from HK$4,635 million in 2024 to HK$7,366 million in 2025[23] - Property sales profit contribution decreased by 2.9% from HK$1,821 million in 2024 to HK$1,768 million in 2025[23] - The company has HK$28,553 million in contracted sales not yet recognized, with approximately HK$22,898 million scheduled for recognition in 2025[27] Property Rental - Property rental revenue decreased by 3.7% from HK$3,118 million in 2024 to HK$3,002 million in 2025[31] - Property rental profit contribution decreased by 5.3% from HK$2,444 million in 2024 to HK$2,315 million in 2025[31] - Overall occupancy of Hong Kong and European portfolios is approximately 86% and 99% respectively[31] Infrastructure and Utility Asset Operation - Infrastructure and Utility Asset Operation revenue increased by 8.1% from HK$12,576 million in 2024 to HK$13,598 million in 2025[57] - Infrastructure and Utility Asset Operation profit contribution increased by 11.7% from HK$4,098 million in 2024 to HK$4,576 million in 2025[57]

Financial Performance - Total sales volume reached 1.409 million units, a year-over-year increase of 47%[7] - The company's market share exceeded 10% for the first time, growing by 2.4 percentage points year-over-year[7] - Total revenue amounted to RMB 150.3 billion, representing a year-over-year growth of 27%[8] - Core profit attributable to equity holders doubled, reaching RMB 6.66 billion, a year-over-year increase of 102%[8] - NEV sales volume doubled, while ICE sales volume grew against the trend[9] Sales and Market Trends - NEV penetration surged to 51.5% in the domestic market, exceeding the industry level of 55.9%[11] - NEV export volume surged by 146% year-over-year, driving future export growth[10] - Geely Galaxy NEV sales volume reached 548,000 units, a year-over-year growth of 232%[31] - Geely China Star ICE vehicles achieved sales volume of 474,000 units in China's domestic market, a year-over-year growth of 21%[41] Cost Management and Profitability - Distribution & selling expense ratio decreased by 16%[15] - Administrative expense ratio decreased by 26%[16] - Core profit attributable to equity holders per vehicle increased by 37%, reaching RMB 4,724[25] - Core profit margin attributable to equity holders increased by 57%, reaching 4.4%[27]

Financial Performance - Lenovo Group achieved a record fiscal Q1 revenue of $18.8 billion, a 22% year-over-year increase[5] - Net income (HKFRS) reached $505 million, showing a significant 108% year-over-year growth[5] - Non-HKFRS net income was $389 million, a 22% year-over-year increase[5] - The company's cash and cash equivalents stood at $4.5 billion, up 15% year-over-year[37] Business Group Performance - Intelligent Devices Group (IDG) revenue was $13.5 billion, up 18% year-over-year, with an operating margin of 7.1%[9] - Infrastructure Solutions Group (ISG) revenue reached $4.3 billion, a 36% year-over-year increase[14] - Solutions & Services Group (SSG) achieved a record-high revenue of $2.3 billion, a 20% year-over-year increase, with an operating margin of 22.2%[20] Growth Drivers and Investments - R&D investment increased by 10% year-over-year to $524 million in Q1 FY25/26[40] - AI infrastructure revenue more than doubled year-over-year, indicating strong growth in this area[14] - Managed Services revenue within SSG grew by 36% year-over-year[20] Market Share and Geographic Performance - PC market share reached a record high of 24.6%, securing the 1 position in the global Windows AI PC market[9] - Smartphone revenue increased by 14% year-over-year, with a 51% market share in foldables outside of China[9] - China business revenue within ISG experienced hypergrowth year-over-year, with significant operating margin improvement[14]