Overall Financial Performance - Revenue increased by 5.5% to RMB374.9 billion in 1H25 [4] - Net profit decreased by 1.6% to RMB56.7 billion in 1H25 [4] - Profit attributable to ordinary shareholders increased by 2.8% to RMB32.1 billion in 1H25 [4] - Overseas revenue increased by 15% YoY, reaching RMB65.8 billion and accounting for 17.9% of total revenue [10] Financial Business Transformation - Fee and commission income increased 12% YoY to RMB32.6 billion, accounting for 23.3% of the financial segment's revenue [9] - CITIC Securities' brokerage, investment banking, and asset management revenue grew by 31%, 21%, and 11% YoY, respectively [12] - CITIC Trust's trust assets under management increased 12.6% since the start of the year to RMB2.96 trillion, while trust income grew by 14% YoY [12] Cost Control and Efficiency - Interest payments of non-financial businesses decreased by 16% to RMB5.8 billion [13] - Provisions for credit and asset impairments decreased by 12% to RMB29.7 billion [14] - The cost-to-income ratio decreased by 0.3pp YoY to 34.2% [15] - Cash inflows from operating activities in non-financial businesses increased by 2.7% YoY, and the cash collection ratio rose 7pp to 106% [22] Asset and Liability Management - Total assets reached RMB12.5 trillion, an increase of 3.5% from the beginning of the year [28] - Non-financial interest-bearing liabilities decreased by 2.1% from the beginning of the year to RMB310.1 billion [26]

Financial Performance - The underlying profit attributable to the company's shareholders increased by 0.5% to HK$21,855 million in FY2025 [11] - Reported profit attributable to the company's shareholders increased by 1.2% to HK$19,277 million in FY2025 [11] - Property development operating profit in Hong Kong decreased by 50.9% to HK$3,200 million in FY2025 [30] - Property development operating profit in Mainland increased by 281% to HK$5,090 million in FY2025 [72] - Property rental operating profit decreased by 3.2% to HK$18,392 million in FY2025 [12] - Hotel operations operating profit decreased by 5.4% to HK$615 million in FY2025 [12] Financial Position - Net debt decreased to HK$93,298 million as of 30 June 2025 [13] - Gearing ratio decreased to 15.1% as of 30 June 2025 [13] - Fixed-rate or RMB floating debt accounted for 55% of total debt as of 30 June 2025 [19] Land Bank and Property Development - Total land bank in Hong Kong was 57.4 million sq ft as of 30 June 2025 [23] - Total land bank in Mainland was 65.3 million sq ft as of 30 June 2025 [66] - Contracted sales in Hong Kong amounted to approximately HK$42.3 billion in FY2025 [35] - Contracted sales on the Mainland amounted to approximately RMB4.0 billion in FY2025 [78]

FY24/25 RESULTS PRESENTATION ( H K S E : 1 6 8 6 ) September 2025 DISCLAIMER The information contained in these materials is intended for reference and general information purposes only. Neither the information nor any opinion contained in these materials constitutes an offer or advice, or a solicitation, recommendation or suggestion by SUNEVISION Holdings Limited ("SUNEVISION") or its subsidiaries, associated or affiliated companies, or any of their respective directors, employees, agents, representatives ...

Operational Data - Available Seat Kilometers (ASK) reached 17758 billion, a 337% increase[26] - Revenue Passenger Kilometers (RPK) totaled 14334 billion, up by 523%[26] - Passenger Load Factor was 8072%, a 143 percentage point increase[26] - The company's fleet consisted of 934 aircraft, with Airbus series accounting for 430 units, Boeing series 462 units, and COMAC series 39 units[27] - Air China (Parent) had a fleet size of 510 units, with an average aircraft age of 992 years[32] Financial Analysis - Revenue reached RMB 8076 billion, a 156% increase[34] - The company reduced its loss before taxation by RMB 050 billion[34] - Loss attributable to equity shareholders of the group was RMB 181 billion, with a loss reduction of RMB 098 billion[34] - Domestic air passenger revenue accounted for 6711% of total air passenger revenue, while international air passenger revenue accounted for 2505%[38] - Jet fuel costs decreased by 1034% year-over-year[45]

Financial Performance - Revenue increased to RMB 2,631.1 million in 2025 from RMB 2,176.3 million in 2024, representing a 20.9% increase[4] - Profit attributable to equity holders increased to RMB 165.1 million in 2025 from RMB 105.9 million in 2024, a 55.9% increase[4] - Free cash flow increased to RMB 197.2 million in 2025 from RMB 173.0 million in 2024, a 12.3% increase[4] Strategic Initiatives and Business Development - The company is building a new service company business model, enhancing oil and gas development and utilization efficiency[12, 16] - The company is expanding into global markets, including the Middle East, Africa, and Central Asia, with successful entry into Sarawak, Malaysia[22, 23] - The company is deepening global management and accelerating intelligent transformation, including opening a new Hong Kong office and launching a treasury center[12, 24, 25] Shareholder Returns and Governance - The company completed a RMB 73 million final dividend payment for 2024[28] - The company completed cumulative share buybacks and cancellation of 17 million shares[28] - The company received continued recognition as "China's Outstanding Management Company"[31] Future Outlook - The company aims to drive long-term growth through early indicators management[36, 41] - The company is building a leading global green energy technology services company[36, 38] - The company will maintain focus on Iraq and seize core market opportunities to drive scaled growth[36, 43]

Financial Performance - Total assets increased by 9.52% to RMB 444328 million[12] - Total liabilities increased by 9.73% to RMB 408480 million[12] - Operating income increased by 2.95% year-on-year to RMB 3859 million[12,18] - Net profit decreased by 1.45% to RMB 1626 million[12] - Net fee and commission income increased by 4.02% to RMB 652 million[12,25] Asset and Liability Structure - Gross loans to customers reached RMB 27.44 trillion[14] - Financial investments reached RMB 11.77 trillion[14] - Deposits from customers reached RMB 30.47 trillion, a 6.11% increase[16] - Net fee and commission income accounted for 16.90% of the income structure[25] Risk Management - Non-performing loan (NPL) ratio decreased by 0.01 percentage points to 1.33%[12,28,59] - Allowances to NPLs increased by 5.80 percentage points to 239.40%[12,28,59] - Cost-to-income ratio was 23.72%[12,28] Strategic Initiatives - Loans to technology-related industries grew by 16.81% to RMB 5.15 trillion[37] - Green loans grew by 14.88% to RMB 5.72 trillion[37] - Balance of inclusive loans for SMEs grew by 9.80% to RMB 3.74 trillion[37] - Cross-border RMB settlement volume increased by 23.21% year-on-year to RMB 3.14 trillion[44]

Business Overview - J&T Global Express covers 13 countries, holding leading positions in Southeast Asia and China, with successful expansion into Latin America and the Middle East[7] - The company has 239 sorting centers, over 12,200 line-haul vehicles, and 337 sorting machines[7] - The e-commerce retail transaction value in Southeast Asia is projected to reach $292 billion in 2025 and $572 billion in 2029, with a CAGR of 18%[10] - China's e-commerce retail transaction value is expected to be $2310 billion in 2025 and $3039 billion in 2029, with a CAGR of 7%[10] - New Markets' e-commerce retail transaction value is projected to reach $164 billion in 2025 and $329 billion in 2029, with a CAGR of 19%[10] Financial Performance - Group revenue from express delivery reached $10 billion in 2024, a 23% increase year-over-year from $81 billion in 2023[29] - China's adjusted EBIT turned profitable for the first time, reaching $147 million in 2024 compared to a loss of $236 million in 2023[29] - Group adjusted net profit turned positive for the first time, reaching $200 million in 2024 compared to a loss of $432 million in 2023[29] - Group adjusted EBITDA increased by 431% year-over-year, reaching $778 million in 2024 from $147 million in 2023[29] - SEA adjusted EBIT increased by 49% year-over-year, reaching $303 million in 2024 from $203 million in 2023, with an adjusted EBIT margin of 94%[29] Market Position and Growth - J&T ranked first in Southeast Asia for 5 consecutive years, with a market share of 286% in 2024[14] - The company's parcel volume growth rate in 2024 was 41% in Southeast Asia, 29% in China, and 22% in New Markets[14] - China's market share increased to 113% in 2024[14]

Financial Performance - PPOP reached RMB 329418 million, operating income was RMB 317929 million, and net interest income amounted to RMB 209922 million[9] - Non-interest income increased by 25.70% year-on-year to RMB 114602 million[9] - Net fee & commission income increased by 9.17% year-on-year to RMB 46791 million[9] - Profit attributable to shareholders of the Bank was RMB 126536 million, and profit after tax was RMB 118601 million[9] - NIM was 1.26%, ROE was 9.11%, and ROA was 0.70%[9] Assets and Liabilities - Assets grew by 4.93% to RMB 36791 billion, and loans increased by 6.74% to RMB 23050 billion[11] - Liabilities grew by 5.93% to RMB 33665 billion, and deposits increased by 4.85% to RMB 25638 billion[11] - RMB loans in the Chinese mainland increased by RMB 1.41 trillion, up 7.72%[12, 21] - Financial investments increased by RMB 865.523 billion, up 10.35%[12] Customer Base - Number of medium-sized enterprise loan customers increased by 13.48%[14] - AUM of the Group's personal customers reached RMB 16.83 trillion[14] - Number of active retail customers reached 395 million, up 1.57%[14] - Group's private banking customers reached 216.9 thousand, with RMB 3.40 trillion of AUM[14] Risk Management - Core tier 1 CAR was 12.57%, Tier 1 CAR was 14.32%, and CAR was 18.67%[16] - NPL ratio was 1.24%, and SML ratio was 1.44%[16] - Allowance for loan impairment losses to NPLs was 197.39%[16] Green Finance - Green loan balance reached RMB 4.54 trillion, up 16.95%[25] Digital Transformation - Monthly active personal mobile banking customers totaled 97.59 million, up 8.59% year-on-year, with transactions amounting to RMB 26.12 trillion[43] - Cross-border e-commerce transaction volume reached RMB 536.408 billion, up 42.10% year-on-year[44]

Financial Performance - Profit attributable to equity holders increased by 10.5% year-over-year to HK$22,152 million[9] - Basic earnings per share increased by 10.5% to HK$2.0952[63] - Customer deposits increased by 5.6% to HK$2,875,521 million[39] - Customer loans increased by 2.0% to HK$1,710,380 million[41] - Net fee and commission income increased significantly by 25.8% to HK$6,292 million[38, 63] Business Highlights - The company remained 1 in cumulative number of new residential mortgage loans for 6 consecutive years[11] - Cross-border high-end customer increased 44% year-over-year[11] - Value of bonds underwritten increased significantly by 105%[11] - Assets under custody increased by 19%[11] - BoC Pay+ transaction volumes in the Mainland surged by 38.8%[14] SEA Business - Customer deposits in SEA increased by 10.5% year-to-date[17] - Customer loans in SEA increased by 8.4% year-to-date[17] - Operating income in SEA increased by 9.3% year-over-year[17] BOC Life Business Development - Standard new premiums increased by 33.6% to HK$14,831 million[84] - Value of new business (VNB) increased by 36.1% to HK$2,178 million[84]

Industry Overview - In the first half of 2025, global car sales reached 45531000 units, a 4.6% year-on-year increase[10] - China's automobile sales reached 15648000 units, representing an 11.4% year-on-year growth[12] - The penetration rate of new energy vehicles in China reached 44.3%, a 3.4 percentage point increase[14] - China's auto exports reached 3082000 units, accounting for 19.7% of total auto sales[18] - Off-road SUV sales in China increased to 180000 units, with a year-on-year growth of 26.5%[28] - Pickup truck sales in China reached 314000 units, with exports growing to 158000 units, a 30.2% year-on-year increase[31] Company Performance - The company's new car sales reached 569000 units, a 3% year-on-year increase, with new energy vehicle sales accounting for 28.2% and overseas sales accounting for 34.9%[38] - The company achieved a total operating revenue of RMB 92335 million, a gross profit of RMB 16974 million with a gross margin of 18.4%, and a net profit of RMB 6337 million with a net profit margin of 6.9%[42] - The company's cash reserves reached RMB 50120 million, and the asset-liability ratio decreased to 62.0%[45] Brand Performance - WEY brand sales increased by 60.3% year-on-year to 32369 units[68] - TANK brand sales reached 104129 units, with a 46.7% market share in the off-road SUV market[84] - Haval brand sales increased by 8.9% year-on-year to 323702 units, with new energy vehicles accounting for 26.3%[96] - Pickup truck sales reached 93649 units, with a domestic market share of 44.7%[108]