增利提質、蝶變升級,匯通達網絡(9878.HK)2025年度業績發布

EQS via SeaPRwire.com / 2026-03-31 / 15:21 UTC+8 3月30日,匯通達網絡(9878.HK)發布2025年度業績公告。 2025年,是匯通達深化變革、邁向高質量發展的關鍵之年。公司主動推進戰略升級,整體經營質量大幅提升,實現營業收入523億元,凈利潤達5.3億元、同比增長14.6%,歸母凈利潤達3億元、同比增長11.3%,毛利率提升至4.5%、同比增幅達18%,經營性現金流凈流入4.2億元,連續7年保持正流入。 毛利率、凈利潤率、歸母凈利潤率三項核心財務指標創下歷史最高水平,核心盈利指標均實現逆勢增長,印證了匯通達戰略升級後在經營質量與盈利能力上的持續提升,標誌著公司已進入「增利提質、蝶變升級」的高質量發展新週期。 增利提質,戰略升級成果顯現,盈利質量顯著提升 業績公告顯示,匯通達2025年以利潤和現金流為核心,集中資源佈局高增長「科技賦能」「智慧供應鏈」等賽道,在四大維度取得突破性進展。 一是智慧供應鏈能力顯著提升。匯通達在多行業構建「反向+短鏈+數字化」的高效供應鏈體系,發布並推進「品牌直通車」「自有品牌生態群」「開放式智慧供應鏈平台」三項工程。其中,行業頭部品牌「新品季」銷售毛利率提升30%、單店(會員店)銷售增長超40%;日化快消、適老健康等新品類收入同比提升超50%,匯通達自有品牌銷售額突破1.4億元,同比增長37%、毛利率超40%。 二是AI產品開發應用成效顯著。公司深化「AI+產業」智能化升級,匯通達基於零售場景的「千橙雲AI智能大模型」通過國家網信辦備案,並與阿里雲達成「全棧AI全面合作」,全年AI收入「從零到有」突破1億元,佔服務收入比重近20%。目前,零售門店和供應鏈客戶能夠通過「千橙AI超級店長APP」和「千橙AI門戶」(ai.qcos.cn)等多端口便捷、低門檻地使用各類智能體,助力商品採購、電商直播、社群營銷等多場景的經營管理。 三是新零售業態佈局取得突破。匯通達正式進入快消硬折扣連鎖領域,首批硬折扣超市於2025年12月同步開業,標誌著匯通達完成「從下沉市場到全域市場」「從to b到to b+to c」「從三高類(商品價值高、體驗要求高、售後服務要求高)商品到全品類商品」的三重升級,開闢了新的增長曲線。 四是「產業+資本」雙輪驅動落地。匯通達一方面深耕產業建設,一方面加速對優質高價值標的的投資併購,取得突破成果。收購高端製造業A股上市公司金通靈25%股份,成為金通靈控股股東,構建「大消費+智能製造」雙產業格局;同時收購電商AI頭部企業認知邊界57%股權,根據公司公告,認知邊界預計未來三年歸母凈利潤分別不低於8500萬元、1億元、1.15億元。通過戰略性收購,匯通達搭建起「大消費+智能製造+AI技術」的新三駕馬車,為公司未來發展注入新的增長引擎。 蝶變升級,四大工程引領未來發展,價值釋放加速開啟 在「激活下沉市場」「堅持擴大內需」「優化提升傳統產業」「培育壯大新興產業和未來產業」等「十五五」規劃引領的新時期,匯通達將依託下沉市場護城河,著眼以「創新供應鏈」與「人工智能+」賦能城鄉零售實體、供應鏈夥伴、產業上游工廠與前沿科技企業,堅實落地四大創新工程,加速邁向價值創造新階段。 加快佈局零售連鎖與大快消行業。2026年初,匯通達已與行業知名的量販零食品牌零食優選達成戰略合作,共同運營零食優選全國2800多家門店。未來,匯通達還將以自營、合資、併購等多種形式快速拓展規模,通過「供應鏈+AI」的雙賦能體系,佈局硬折扣連鎖、量販零食、社區生活超市、便利店等多業態,快速躋身行業第一梯隊,打造新的增長引擎。 聚焦AI應用場景。圍繞零售行業經營全鏈路,匯通達將深化打造「AI+數智化+軟硬一體」的賦能體系,一方面強化垂直大模型底座,一方面加快智能體、機器人等產品和應用的研發與商業化進程,賦能服務覆蓋會員店、零售連鎖門店、電商商家等多場景客群,持續提升公司技術壁壘與服務能力。 打造智能科技服務平台。匯通達(及旗下子公司「居家運通」)依託與頭部品牌( Apple 等)長期深度合作的全鏈路科技產品服務能力,全面升級打造「智能科技產品服務平台」,助力具身智能、腦機科學等前沿科技成果的市場化、規模化轉化,為硬科技企業提供全周期的商業化服務。 打造以快消品為核心的創新供應鏈平台。匯通達將持續深化「自有品牌生態群」「品牌直通車」等工程,在產業鏈通過集採、定製、自有品牌等模式,利用「AI+大數據」手段,持續優化供需效率;在零售端通過覆蓋連鎖終端、私域、即時零售等多場景,成為服務全渠道、適配新消費的創新供應鏈服務平台。 2025年,公司已完成資本公積彌補虧損,掃清分紅障礙。2026年將做好統籌規劃,兼顧長遠發展與股東權益,不斷完善利潤分配機制,積極通過現金分紅等方式與全體股東共享發展成果。同時,公司已啟動H股回購,將持續視市場情況靈活運用回購等工具,回饋股東信任。 2026年,是匯通達從戰略升級邁向價值釋放的關鍵之年。匯通達將依託下沉市場護城河,在人工智能技術革命、新零售業態變革、產業資本的多重驅動下,以AI重塑運營效率,以供應鏈能力創造產業價值,以零售連鎖開拓增量空間,並貫徹「產業+資本」戰略,推動更多零售連鎖、AI垂直應用、科技服務平台、創新供應鏈等方向的優質項目併購。在推動科技創新與產業創新深度融合、促進消費市場循環暢通、助力鄉村全面振興的時代浪潮中,為合作夥伴與社會創造可持續的長期價值。 2026-03-31 此財經新聞稿由EQS via SeaPRwire.com轉載。本公告內容由發行人全權負責。瀏覽原文: http://www.todayir.com/tc/index.php
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Huitongda Network (9878.HK) Announces 2025 Annual Results: Enhancing Profitability and Quality Through Transformational Upgrade

EQS via SeaPRwire.com / 31/03/2026 / 15:21 UTC+8 On March 30, Huitongda Network (9878.HK) announced its 2025 annual results. 2025 marked a pivotal year for Huitongda as it executed strategic upgrades and deepened its transformation, steering the Company toward high-quality development. The Company significantly improved its operating quality, with revenue for the year reaching RMB52.3 billion and profit rising 14.6% year-on-year (“yoy”) to RMB529 million. Gross profit margin increased by 18% yoy to 4.5%, while profit attributable to equity shareholders of the Company rose 11.3% yoy to RMB300 million. The Company also recorded net cash generated from operating activities of RMB419 million for the year, maintaining positive operating cash inflow for seven consecutive years. The three key financial indicators, namely gross profit margin, net profit margin, and net profit margin attributable to equity shareholders of the Company, all reached historical highs, fully demonstrating the continuous improvement in operational quality and profitability despite notable operational challenges and macro headwinds. In fact, the continuous improvement in operational quality and profitability following the strategic upgrades also marked the Company's entry into a new cycle of high-quality development, characterized by enhanced profitability, improved operating quality, and transformational upgrade. Enhancing Profitability and Quality: Strategic Upgrade Delivering Solid Results According to the results announcement, with profit and cash flow as its key priorities for the year, Huitongda focused its resources on high-growth sectors such as "technology-enabled" and "smart supply chain", achieving breakthrough progress across four key dimensions. In terms of building a smart supply chain, Huitongda has built an efficient supply chain system featuring reverse customization, short-chain distribution, and digitalization across multiple industries, launching three major projects, including the "Brand Express", "Self-owned Brand Ecosystem Development", and "Open-Platform Smart Supply Chain System". Benefiting from these initiatives, the gross profit margin of TOP brands increased by approximately 30% during the new product launch season, and the sales per store (member stores) increased by more than 40%. Meanwhile, revenue of new product categories such as fast-moving consumer goods and senior-friendly health products increased by more than 50% yoy. Sales of Huitongda's self-owned brands also exceeded RMB140 million, representing a yoy increase of 37%, with gross profit margin exceeding 40%. The Group also delivered outstanding results in the development and application of its AI products. To advance the smart upgrade of "AI + industries", the Company launched its retail-scenario-based "Qiancheng Cloud AI" vertical model, with the model completing the filing with the Cyberspace Administration of China during the year. The Company also reached a full-stack comprehensive AI cooperation with Alibaba Cloud, further expanding its offerings and boosting its AI-related revenue from zero to over RMB100 million, accounting for approximately 20% of total service revenue. Currently, retail stores and supply chain customers can conveniently utilize various intelligent agents through multiple platforms, such as the "Qiancheng AI Super Store Manager APP" and the "Qiancheng AI Portal" (ai.qcos.cn), supporting a wide range of operational tasks, including merchandise sourcing, e-commerce livestreaming and community marketing. In terms of new retail formats, Huitongda made significant breakthroughs by tapping into FMCG discount business, officially entering the retail chain sector through "hard-discount supermarkets". The first batch of hard-discount supermarkets opened in December 2025, marking the completion of major upgrades for Huitongda: from lower-tier markets to the broader nationwide market, from a pure "to-B" model to a "to-B plus to-C" model, and from a primary focus on high-value products that require strong customer experience and after-sales service (the so-called “three-high” categories) to a comprehensive product portfolio, creating a new growth driver in the process. Under the dual drivers of "Industry + Capital", Huitongda saw significant breakthroughs during the year, expanding its industrial footprint while expediting investments and acquisitions of high-quality and value-creating assets. Specifically, the Company acquired a 25% equity interest in A-share listed company Jin Tong Ling, a high-end manufacturer, and became its controlling shareholder, in an attempt to bridge “large consumption + intelligent manufacturing”. It also acquired a 57% equity interest in Boundary Consulting, a leading e-commerce AI company. According to the Company’s previous announcement, Boundary Consulting is expected to record net profit attributable to shareholders of no less than RMB85 million, RMB100 million and RMB115 million in the next three years, respectively. Through these strategic acquisitions, the Company has established a new growth framework of “large consumption + intelligent manufacturing + AI technology”, injecting fresh momentum into its future development. Driving Transformational Upgrades: Four Major Innovative Projects to Lead Future Growth, Accelerating Value Realization In the new era guided by the "15th Five-Year Plan", which emphasizes strategies such as "rejuvenating the lower-tier markets", "persistently expanding domestic demand", "optimizing and upgrading traditional industries", and "cultivating and expanding emerging and future industries", Huitongda will leverage its competitive advantage in the lower-tier markets to empower physical retail operators in urban and rural areas, supply chain partners, upstream manufacturers, and cutting-edge technology enterprises through "innovative supply chains" and "AI+", advancing its four major innovation initiatives and accelerating its transition into a new phase of value creation. First is to accelerate its development in retail chains and fast-moving consumer goods. In early 2026, Huitongda reached a strategic cooperation with the leading discount snack chain Ling Shi You Xuan (零食優選) to jointly operate its more than 2,800 stores nationwide. Going forward, Huitongda will rapidly expand its footprint through self-operation, joint ventures, mergers and acquisitions and other expansion models. By leveraging its supply chain and AI capabilities, the Company will strive to move rapidly into the industry’s leading tier, establishing presence and creating a new growth driver through hard-discount chains, bulk snack stores, community supermarkets, and convenience stores. Second is to focus on growing AI applications. Targeting the full value chain of retail operations, Huitongda will continue to strengthen its system and empowerment capabilities, focusing on "AI + Digital Intelligence + Hardware-Software Integration". On one hand, the Company will further strengthen the foundation of its vertical large model; on the other hand, it will accelerate the R&D and commercialization of AI agents, robots and other products and applications, so as to strengthen its technological entry barrier and servicing capability, and empower member stores, retail chain outlets and e-commerce merchants across multiple scenarios. Third is to build an intelligent technology services platform. Leveraging the end-to-end service capabilities for technology products developed through Huitongda's long-term and in-depth cooperation with leading brands such as Apple, along with the capabilities of its subsidiary Jujia Yuntong (居家運通), the Company is comprehensively upgrading its capabilities to build an “Intelligent Technology Product Services Platform”. The platform is expected to drive the market-oriented and scaled commercialization of cutting-edge technologies, such as embodied intelligence and brain-computer interface technologies, while providing full-cycle commercialization services for hard-tech enterprises. Fourth is to build an innovative supply chain platform centered on fast-moving consumer goods. Huitongda will continue to advance projects such as "Self-owned Brand Ecosystem Development" and "Brand Express", in an attempt to raise supply chain efficiency through centralized procurement, customization, self-owned brand development, AI, and big data applications. At the retail end, by covering various consumption touch points such as chain stores, private-domain channels and instant retail, it also aims to become an innovative supply chain service platform, serving all channels and adapting to new consumption patterns. In 2025, Huitongda has also completed the use of reserves to offset losses, clearing the obstacles for dividend distribution. In 2026, by balancing long-term development with shareholder interests, the Company will make comprehensive plans to continuously improve its return mechanism, actively sharing the development results with its shareholders through cash dividends and other means. At the same time, the Company has initiated an H-share buyback program and will strive to reward shareholders' trust by flexibly using buybacks and other tools based on prevailing market conditions. 2026 will be a critical year for Huitongda, marking its transition from strategic upgrades to value realization. Leveraging its strong position in lower-tier markets, and driven by the AI technology revolution, the transformation of new retail formats, and industrial capital, the Company will use AI to enhance operating efficiency, create industrial value through its supply chain capabilities, and unlock incremental growth through retail chains. At the same time, Huitongda will continue to advance its “Industry + Capital” strategy and pursue more high-quality M&A opportunities across retail chains, AI vertical applications, technology service platforms and innovative supply chains. Against the backdrop of deeper integration between technological and industrial innovation, improving circulation in the consumer market, and continued support for rural revitalization, Huitongda remains committed to creating sustainable long-term value for its partners and society. 31/03/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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基石科技公布2025年全年業績;核心業務收益同比增長26.9%至117.8百萬港元;經調整LBITDA虧損收窄

EQS via SeaPRwire.com / 2026-03-31 / 11:22 UTC+8 核心業務收益同比增長26.9%至117.8百萬港元 收入組合優化帶動毛利率同比上升0.7個百分點,經調整LBITDA虧損收窄 財務摘要 截至12月31日止年度 2025 百萬港元 2024 百萬港元 變化 總收益 125.2 153.1 -18.2% 核心業務收益* 117.8 92.9 +26.9% 毛利 31.1 27.3 +13.9% 毛利率 (%) 24.8% 17.8% +7.0 百分點 經調整LBITDA (34.4) (41.2) -16.5% *核心業務收益包含銷售電動車充電系統、電動車充電收入及維修、租金及電動車充電諮詢收入 (香港 – 2025年3月31日)一家領先的電動車充電解決方案供應商 – 基石科技控股有限公司 (「基石科技」或「本公司」,股份代號:8391.HK,連同其附屬公司,統稱「本集團」)欣然宣佈其截至2025年12月31日止年度(「年內」)之全年業績。 2025年,受惠於政府強而有力的減碳政策、領先汽車製造商的巨額投資與積極創新,以及消費者對可持續出行方案的需求增長,全球正以前所未有的速度加快採用電動化出行解決方案。在這充滿活力而競爭激烈的環境中,基石科技不僅於年內進一步鞏固了其香港市場領先地位,同時亦在國際業務,特別是高潛力的泰國市場中,取得了長足發展。 持續優化收入組合、提升利潤率,驅動經調整LBITDA虧損收窄 憑藉其完善的充電網絡及持續增長的用戶群體,本集團的高毛利、可持續電動車充電收入年內錄得可觀增長,同比增加85.3%至44.2百萬港元(2024:23.9百萬港元),佔總收益約35.3%。然而,由於本集團逐步減少參與人手需求較大、利潤率較低的項目,來自提供安裝服務的收益同比減少87.8%至7.4百萬港元(2024:60.3百萬港元),導致年內總收益同比減少18.2%至125.2百萬港元(2024:153.1百萬港元)。若撇除來自提供安裝服務的收益計算,年內核心業務收益(即銷售電動車充電系統、電動車充電收入及維修、租金及電動車充電諮詢收入)同比增加26.9%至117.8百萬港元(2024:92.9百萬港元),可見集團成功轉型,可持續收益持續增加。 與此同時,本集團在香港以外市場亦取得了良好表現,收益同比增加69.3%至41.4百萬港元(2024:24.4百萬港元)。國外收益顯著上升充分印證了本集團在東南亞市場的戰略成效及獲客能力,不但可進一步擴大集團業務覆蓋,亦得以在香港業務以外產生額外收入,推動收入多元化發展。 隨著本集團收入組合有所改善、用戶人數增加,以及網絡使用率有所提升,年內毛利率同比大幅提升7.0個百分點至24.8%(2024:17.8%),帶動毛利同比增長13.9%至31.1百萬港元(2024:27.3百萬港元),有效對沖了收益減少的影響。配合穩健的成本管理,本集團年內虧損及經調整LBITDA均有所收窄,達115.2百萬港元(2024:虧損144.2百萬港元)及34.4百萬港元(2024:虧損41.2百萬港元)。 進一步鞏固香港領先市場地位 年內,集團持續拓展其香港公共充電業務(Cornerstone GO)。一方面,集團與比亞迪、小鵬汽車及埃安等主要汽車品牌建立戰略合作關係,成為其電動車充電解決方案的首選合作夥伴。透過與各大汽車品牌維持緊密合作,本集團得以透過為新購置電動車用戶提供捆綁式充電額度,有效提升了獲客效率及網络使用率,產生相應充電收益約5.4百萬港元。另一方面,集團亦加強與龍頭地產商的戰略聯盟,以及為合作車隊營運商提供優惠充電計劃,藉此進一步提升市場滲透率。 截至2025年12月31日,Cornerstone GO已建立覆蓋超過120個停車場的服務網絡,提供逾1,900個充電點。憑藉平台可靠的服務能力、覆蓋主要零售及商業樞紐的廣泛佈點,以及其直觀易用的行動應用程式,年內會員數量錄得強勁增長,截至年底已突破76,800名用戶,為集團經常性收入奠定了良好的增長基礎。 本集團面向住宅大廈的私人訂閱服務業務 Cornerstone HOME,其用戶基數也實現了強勁增長。截至2025年12月31日,其用戶人數達1,117名,獨家服務51個住宅停車場,各停車場整合了其專有的負載管理系統,能優化電力分配並確保電網維持穩定表現。這項技術優勢亦進一步鞏固了集團作為香港首選以及最可靠家用充電服務供應商的地位。 持續擴大泰國市場布局 年內,集團持續推動其海外發展計劃,力爭成為泰國規模最大且最便捷的公共充電網絡之一。泰國對電動車技術的接受程度普遍較高,預計至2025年底國內電動車登記數量將增至約372,000輛,惟其基礎設施仍存在巨大缺口。目前,泰國全國僅有13,000個公共充電樁,鑒於綠色轉型所帶來的市場機遇,集團在泰國的合資企業Spark EV亦積極擴展其網絡,以滿足市場需求。截至2025年12月31日,Spark EV已完成建設181座充電站,其中167座已正式投入營運。Spark EV的會員數量亦呈現指數級增長,從截至2024年12月31日的5,895名,激增至截至2025年12月31日的97,129名。為加快業務增長,集團亦致力與業界領導者如Grab、知名物流企業及主要汽車品牌建立戰略合作夥伴關係,藉此提升網路整體使用率。 從財務角度而言,儘管新啟用的充電站一般需要經歷一段成長期,以提升公眾認知並累積會員數量,才能達至理想的網絡使用率,但目前本集團在泰國的表現已遠超最初預期。超乎預期的表現亦凸顯了市場對集團基礎設施的強勁需求,反映電動車在主要市場的普及速度正迅速提升。 展望 乘全球電動車及充電解決方案的飛快發展,集團已作好準備,致力擴展現有網絡覆蓋並提升主要市場表現。在香港,集團將快速拓展Cornerstone HOME和Cornerstone GO的業務規模,透過提升經常性收入,確保現金流量和業務的長期穩定發展。 集團亦會透過進一步擴展其充電網絡,以提升獲客效率;透過與香港的ESSO加油站積極合作,在全港設置更多電動車充電站,進一步鞏固其香港領先地位。 集團也將進軍商用車充電業務,以拓展目標客戶群。隨著香港政府推行車輛零排放,以及為3,000輛電動的士及600輛電動巴士提供補貼政策,商用車充電業務正處於快速擴張階段。為捕捉相應的市場機遇,集團已深化與主要計程車協會及物流業龍頭的戰略合作,力求為本港不斷演變的交通格局提供所需動力。 為提升用戶參與度和技術效率,集團正準備推出一項全面的會員激勵計劃,鼓勵用戶頻繁充電,同時推動用戶群體增長。該計劃預期可提高充電頻率、降低維護成本,並顯著增加充電站的運作時間,有助進一步改善集團充電網路的單位經濟效益。 海外發展方面,集團將進一步擴展其泰國業務,並探索東南亞地區的新機會。除了泰國市場之外,集團亦正與印尼的Grab商議合作,為其電動車隊提供充電解決方案。集團也將積極探索馬來西亞市場機遇,以實現收入來源多元化,支持業務加速成長。 基石科技和Spark EV的行政總裁兼執行董事葉兆康先生表示:「我們對過去一年取得的顯著進展深感鼓舞,這些進展包括持續擴大的用戶基礎、日益增長的充電網絡、更廣泛的地理布局,以及對高毛利業務的愈加重視。這些舉措亦有效轉化成為Cornerstone GO與Cornerstone HOME所帶來的持續性收入貢獻,以及毛利率的顯著提升。以上財務成果亦進一步凸顯了我們商業模式的韌性與可延展性。」 「展望未來,我們將持續專注提升網絡使用率,並改善香港的單位經濟效益。我們亦致力加快在泰國以及更廣泛東南亞地區的擴張計劃。最初,我們僅以曼差石油的加油站網絡為基礎,惟現時我們的泰國業務已步入第二發展階段,將進駐更多元化的商業及住宅地點,以擴大服務範圍。我們亦在馬來西亞及印尼展開了初步接觸,期望能複製泰國的成功經驗,進一步拓展收入來源。隨著電動車普及持續加速,我們相信集團已處於有利位置,可成為電動車充電基礎設施需求日益增加的主要受益者。憑藉我們的策略性舉措及嚴謹執行計劃,我們對短期內實現盈利充滿信心。」 -完- 關於基石科技控股有限公司 基石科技控股有限公司(8391.HK)為香港領先的電動車充電解決方案供應商,致力為客戶提供一站式充電系統、充電設備及相關配件,以及充電基礎設施的諮詢、安裝、維護和租賃服務。集團在香港的核心業務分為私人住宅充電訂閱服務(Cornerstone HOME)和公共充電網絡(Cornerstone GO),後者現時已覆蓋超過118個策略性停車場,總充電點數量超過2,000個,會員人數亦突破84,000名用戶。集團亦致力捕捉香港以外的市場機遇,以Spark EV品牌進軍泰國市場,同時積極探索馬來西亞和印尼等高潛力市場。 此新聞稿由金通策略有限公司代基石科技控股有限公司發布。 如有查詢,請聯絡: DLK Advisory 電話:+852 2857 7101 傳真:+852 2857 7103 2026-03-31 此財經新聞稿由EQS via SeaPRwire.com轉載。本公告內容由發行人全權負責。瀏覽原文: http://www.todayir.com/tc/index.php
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Cornerstone Technologies Announces 2025 Annual Results; Core Revenue Increased 26.9% yoy to HK$117.8 million; Narrowing Adjusted LBITDA

EQS via SeaPRwire.com / 31/03/2026 / 11:22 UTC+8 Core Revenue Increased 26.9% yoy to HK$117.8 million Narrowing Adjusted LBITDA Supported by Improving Revenue Mix and Rising Gross Profit Margin of 7.0p.p. yoy Financial Highlights For the year ended 31 December 2025 HK$ million 2024 HK$ million Change Total Revenue 125.2 153.1 -18.2% Core Revenue* 117.8 92.9 +26.9% Gross Profit 31.1 27.3 +13.9% Gross Profit Margin (%) 24.8% 17.8% +7.0 p.p. Adjusted LBITDA (34.4) (41.2) -16.5% *Core revenue includes revenue from sales of electric vehicle charging systems, electric vehicles charging income, and maintenance, rental, and EV charging consultancy income (Hong Kong – 31 March 2026) A leading electric vehicle (“EV”) charging solutions provider – Cornerstone Technologies Holdings Limited (“Cornerstone” or the “Company”, stock code: 8391.HK, together with its subsidiaries, collectively the “Group”) is pleased to announce its audited financial results for the year ended 31 December 2025 (the “Year”). In 2025, the global shift toward electric mobility was accelerating at an unprecedented pace, driven by robust government policies promoting decarbonization, significant investment and innovation from leading automakers, and growing demand for sustainable transportation solutions. In this dynamic and competitive environment, Cornerstone has not only solidified its leadership in Hong Kong, but also made substantial progress in its international expansion strategy, especially in the high-potential Thailand market. Improving Revenue Mix, Expanding Margins, and Shrinking Adjusted LBITDA Leveraging its expansive charging network and growing user base, the Group recorded a notable increase in recurring revenue from its high-margin electric vehicles charging income, rising 85.3% year-on-year (“yoy”) to HK$44.2 million (2024: HK$23.9 million), accounting for approximately 35.3% of total revenue. As the Group continued to pivot away from labour-intensive, lower-margin projects, revenue from the provision of installation services saw a significant drop of 87.8% yoy to HK$7.4 million (2024: HK$60.3 million), dragging total revenue to decrease by a 18.2% yoy to HK$125.2 million (2024: HK$153.1 million). However, excluding the revenue contribution from the provision of installation services, core revenue (sales of electric vehicle charging systems, electric vehicles charging income, and maintenance, rental, and EV charging consultancy income) increased by 26.9% yoy to HK$117.8 million (2024: HK$92.9 million), highlighting its successful business transformation with growing recurring revenue performance. Revenue generated from markets outside of Hong Kong also experienced robust growth, surging by 69.3% to reach HK$41.4 million (up from HK$24.4 million in 2024). This significant upward trajectory directly reflects the successful execution of the Company’s strategic expansion into Southeast Asia. The accelerated growth in these new markets not only validates regional scaling initiative but also demonstrates growing ability to capture market share and diversify revenue streams beyond domestic base. Benefitted from the improving revenue mix, expanding user base, and higher charger utilization, the Group recorded a significant improvement in gross profit margin by 7.0 percentage points (“p.p.”) to 24.8% (2024: 17.8%), leading to an increase in gross profit of 13.9% yoy to HK$31.1 million (2024: HK$27.3 million), despite the decrease in total revenue. Along with stabilizing cost performance, the Group recorded a narrowing loss and a shrinking adjusted LBITDA for the Year of HK$115.2 million (2024: a loss of HK$144.2 million) and HK$34.4 million (2024: HK$41.2 million), respectively. Strengthening Leading Market Position in Hong Kong During the Year, the Group continued to expand its public charging business (Cornerstone GO) in Hong Kong. On the one hand, the Group entered into strategic collaborations with major automotive brands, including BYD, Xpeng, and Aion, becoming their preferred partner for EV charging solutions. By working closely with major car brands and offering charging credit bundles with new EV purchases, the Group has successfully boosted user acquisition and network utilization, with HK$5.4 million of charging credits sold in 2025. On the other hand, the Group also strengthened its strategic alliances with leading property developers and introduced preferential charging programs for partnered fleet operators to further drive penetration. As a result, as of 31 December 2025, Cornerstone GO has established a service network covering over 120 strategically located parking facilities with over 1,900 charging spots. Supported by the platform’s reliability, extensive coverage across key retail and commercial hubs, and its intuitive mobile app, membership growth remained robust, surpassing 76,800 users by year-end, laying a solid foundation for recurring revenue growth. Meanwhile, Cornerstone HOME, the Group's private service subscription business for resident buildings, also saw strong growth in its user base, reaching 1,117 subscribers by 31 December 2025. It has expanded its exclusive coverage to 51 residential car parks, incorporating its proprietary load-management system to optimize power distribution and ensure grid stability. This technological advantage reinforces its position as Hong Kong’s most trusted and preferred provider of home charging solutions. Growing Traction in the Thailand Market During the Year, the Group continued to advance its plan to become one of Thailand’s largest and most accessible public charging networks. While Thailand has shown exceptional receptivity to EV technology – reaching approximately 372,000 registrations by the end of 2025 – a significant infrastructure gap persists. With only 13,000 public chargers nationwide, the Group’s joint venture in Thailand, Spark EV, is seeing notable opportunities in the country's green transition, and is aggressively expanding its network to bridge this divide. As of 31 December 2025, Spark EV has completed construction of 181 charging stations, with 167 stations in operation. Membership in Spark also experienced exponential growth, surging from 5,895 as at 31 December 2024 to 97,129 as at 31 December 2025. To further accelerate growth, the Group has established key strategic partnerships with industry leaders, such as Grab, prominent logistics firms, and major automotive brands, all of which support high utilization across its network. Financially, although utilization rates for newly commissioned stations typically require a ramp-up period to build public awareness and membership growth, current performance has already significantly exceeded initial projections. The stronger-than-expected engagement underscores the robust demand for the Group’s infrastructure, reflecting the rapid adoption of EV charging solutions across its key markets. Outlook Riding on the momentum of the global EV and EV charging development, the Group is poised to expand its market presence and gain further market share in key markets. In Hong Kong, the Group will rapidly scale Cornerstone HOME and Cornerstone GO, boosting recurring income performance to ensure cash flow and long-term business sustainability. The Group will further strengthen its leading position in Hong Kong by expanding its charging network to support higher customer conversion, including active collaboration with ESSO oil and gas stations to build more EV charging stations across the city. The Group will also tap into commercial vehicle charging to expand its addressable market. Supported by the Hong Kong Government’s roadmap for zero vehicular emissions and subsidies for the deployment of 3,000 electric taxis and 600 electric buses, the sector is positioned for rapid growth. To capture these evolving opportunities, the Group has deepened its strategic collaborations with prominent taxi associations and logistics leaders, establishing itself as the ideal partner to power the city’s evolving transport landscape. To enhance user engagement and technology efficiency, the Group is preparing to launch a comprehensive loyalty program to incentivize frequent charging and reward its growing user community. This is expected to increase charging frequency, lower maintenance costs, and significantly raise station uptime, further improving the unit economics of the Group’s charging network. Regarding its overseas development, the Group will further strengthen its presence in Thailand and explore new opportunities across Southeast Asia. In addition to Thailand, the Group is finalizing a collaboration with Grab in Indonesia to provide charging solutions for its electric fleet. The Group is also actively exploring the Malaysian market, aiming to diversify its revenue mix and support accelerating growth. Mr. Yip Shiu Hong, Chief Executive Officer and Executive Director of Cornerstone Technologies, said, “We are encouraged by the notable progress over the past year, marked by a steadily expanding user base, a growing charging network, a broader geographical footprint, and an increasing emphasis on high-margin business. These advancements have translated into growing recurring income contributions from our Cornerstone GO and Cornerstone HOME, as well as a significant improvement in our gross profit margin, which underscores the strength and scalability of our business model.” “Looking ahead, we remain focused on driving higher network utilization and enhancing the unit economics in Hong Kong. We are also dedicated to accelerating our expansion across Thailand and the wider Southeast Asia region. Originally built around BCP’s network of gas stations, we are now planning a phase 2 expansion for our Thailand operations, tapping into diverse commercial and residential locations to further broaden our footprint. We have also made initial contacts in Malaysia and Indonesia, looking to replicate our success in Thailand to further expand our revenue streams. As electric vehicle adoption continues to gain momentum, we believe we are well-positioned to be a key beneficiary of the increasing demand for EV charging infrastructure. Through strategic initiatives and disciplined execution, we have strong confidence to deliver profitability in the short-term future.” -End- About Cornerstone Technologies Cornerstone Technologies Holdings Limited (8391.HK) is a leading provider of electric vehicle (EV) charging solutions in Hong Kong, offering integrated charging systems, charging equipment, and related accessories, as well as consultancy, installation, maintenance, and leasing services for charging infrastructure. In Hong Kong, its comprehensive solutions include private residential charging subscription services (Cornerstone HOME) and public charging networks (Cornerstone GO), with the latter already in operation across 118 strategic car parks, totaling over 2,000 charging points and more than 84,000 members. The Company is also expanding beyond the Hong Kong market, entering Thailand under the brand name of Spark EV, and actively exploring high-potential markets such as Malaysia and Indonesia. This press release is issued by DLK Advisory Limited on behalf of Cornerstone Technologies Holdings Limited. For enquiries, please contact: DLK Advisory Tel:+852 2857 7101 Fex:+852 2857 7103 31/03/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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Wuling Motors (00305.HK) Reports 56% Surge in Profit in 2025, Driven by Steady Auto Parts Growth and Emerging Momentum in Autonomous Vehicles

EQS via SeaPRwire.com / 31/03/2026 / 09:31 UTC+8 According to Zhitong Finance App, despite mounting challenges in 2025, including aggressive price cuts by Chinese OEMs and intensifying competition, Wuling Motors (00305.HK) delivered a resilient performance underpinned by a diversified business portfolio and effective strategy execution. During the reporting period, Wuling Motors (the Group) recorded a total revenue of RMB 8.25 billion, representing a year-on-year increase of 3.8%. Its net profit reached RMB 172 million, up 54.3% year-on-year, while the profit attributable to shareholders amounted to RMB 78.99 million, marking a year-on-year increase of 56.0% and suggesting a notable improvement in overall profitability. As the Group’s “anchor” business, the automotive parts segment achieved a full-year revenue of RMB 5.788 billion, representing a year-on-year increase of 6.0%. The operating profit from this segment rose to RMB 185 million, up 20.3% year-on-year. Within its existing business foundation, the Group continued to expand new business with core customers including SGMW, Chery and Great Wall Motors, and secured 61 product supply orders across multiple key models of SGMW. For incremental markets, the Group successfully entered the supply chain systems of eight OEMs, including Seres AITO, SAIC Maxus and GAC Group, while actively engaging with emerging players such as Xpeng and Xiaomi on technical solution development. Meanwhile, the automotive power supply system segment turned profitable, delivering a full-year revenue of RMB 1.815 billion, representing a year-on-year increase of 4.5%. The Group continued to optimize its manufacturing footprint, strategically adding two production bases (Rizhao and Wuxi) in China, while advancing the preparation of its Vietnam facility to accelerate penetration into overseas markets, including Southeast Asia. In the high-end sector, the Group’s self-developed products, such as the 194-platform three-in-one electric drive axle and the high-power coaxial axle, achieved meaningful reductions in both cost and weight through highly integrated design. With industry leading NVH performance, these products have been supplied to OEMs including Great Wall Motors, JAC and Changan Kaicheng. Beyond the steady growth of its core businesses, Wuling Motors is accelerating its expansion into high-potential emerging segments. The unmanned logistics industry is currently transitioning from technical validation to large-scale commercialization, while facing challenges related to mass production capabilities and increasingly stringent regulatory requirements. These challenges underscore the Group’s core competitive strengths. The Group holds a market share exceeding 50% in key chassis components such as drive axles for urban logistics vehicles. Leveraging years of experience supplying urban and inter-city commercial vehicles, the Group has established mature technical pathways, sufficient production capacity and effective cost control that meet the cost reduction demands of logistics operators. In addition, the Group has comprehensive automotive-grade R&D and system integration capabilities. Building on its deep technical expertise and market insight, Wuling Motors established Yuancore Drive in November 2025, focusing on the R&D, production and system integration of drive-by-wire chassis and low-speed intelligent autonomous vehicles. A series of products has since been developed, and a strategic cooperation agreement has been signed with Desay Battery to accelerate commercialization. By further strengthening its traditional businesses while deepening its presence in emerging segments, Wuling Motors has established a clear growth matrix guided by its diversification strategy. As the automotive industry undergoes rapid transformation, the Group is charting a distinctive upgrade path, supported by its technological capabilities and manufacturing strengths. 31/03/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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SeaPRwire 鞏固香港及大中華區網路

EQS via SeaPRwire.com / 2026-03-30 / 10:24 UTC+8 Hong Kong - 2026年3月30日 - (SeaPRwire) - 在複雜多變的全球經貿環境中,香港作為國際金融中心的地位依然舉足輕重。為了幫助企業更有效地連接全球資本、傳遞品牌價值,知名媒體服務商 SeaPRwire (https://seaprwire.com)今日宣佈,已進一步鞏固並擴建了其在香港及大中華區的媒體發佈網路。這一戰略舉措將顯著提升企業在該區域的財經公關效率與品牌曝光深度。 大中華區尤其是香港市場,彙聚了全球頂尖的投資機構、分析師與財經媒體。SeaPRwire 此次的網路鞏固,重點在於打通“從資訊發佈到資本關注”的快速通道。平臺不僅加強了與香港本地主流中英文財經報紙、雜誌及高流量財經門戶的合作,還深度整合了輻射整個大中華區的專業金融資訊終端。這意味著,企業發佈的財報、融資資訊或重大戰略調整,能夠以極高的優先順序推送到專業投資人的案頭。 此外,針對大中華區日益蓬勃的科技創新與新消費浪潮,SeaPRwire 同步擴充了科技、創投、時尚、健康等多個垂直領域的媒體矩陣。無論是在香港尋求上市聲量的獨角獸企業,還是希望在內地及大灣區拓展業務的跨國品牌,都能通過 SeaPRwire 定制化的發佈鏈路,實現對目標受眾的精准穿透。 SeaPRwire 的大中華區負責人指出:“香港不僅是一個發佈窗口,更是全球資本透視中國、中國企業走向世界的重要橋樑。我們通過鞏固這一核心網路,旨在為客戶提供更具確定性的傳播結果。用權威的媒體背書和廣泛的管道覆蓋,為企業在大中華區的商業航行保駕護航。” 關於SeaPRwire SeaPRwire 是亞洲領先的 AI 驅動型贏取媒體(Earned Media)傳播管理平臺,專為公關及傳播專業人士打造。通過其旗艦專案 Branding-Insight,平臺無縫連接超過 8 萬名記者、編輯,以及坐擁 3 億粉絲的 KOL 矩陣。借助先進的 AI 技術,SeaPRwire 幫助用戶精准鎖定媒體目標、定制個性化推介,並全面衡量亞太核心市場(包括日、韓、中及東南亞)的公關傳播效果。 媒體聯絡 公司: SeaPRwire 聯絡: Media team 郵箱: cs@seaprwire.com 網站: https://seaprwire.com 2026-03-30 此財經新聞稿由EQS via SeaPRwire.com轉載。本公告內容由發行人全權負責。瀏覽原文: http://www.todayir.com/tc/index.php
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SeaPRwire Consolidates Hong Kong and Greater China Networks

EQS via SeaPRwire.com / 30/03/2026 / 10:24 UTC+8 Hong Kong - March 30, 2026 - (SeaPRwire) - In the complex and ever-changing global economic and trade environment, Hong Kong's status as an international financial center remains pivotal. To help enterprises more effectively connect with global capital and convey brand value, renowned media service provider SeaPRwire (https://seaprwire.com) announced today that it has further consolidated and expanded its media distribution network in Hong Kong and the Greater China region. This strategic move will significantly enhance corporate financial PR efficiency and the depth of brand exposure in this region. The Greater China region, particularly the Hong Kong market, gathers top-tier global investment institutions, analysts, and financial media. SeaPRwire's network consolidation this time focuses on opening up a fast track "from information release to capital attention." The platform not only strengthened cooperation with local mainstream Chinese and English financial newspapers, magazines, and high-traffic financial portals in Hong Kong but also deeply integrated professional financial information terminals radiating across the Greater China region. This means that corporate financial reports, financing information, or major strategic adjustments released by enterprises can be pushed to the desks of professional investors with extremely high priority. Furthermore, targeting the increasingly booming technological innovation and new consumption waves in the Greater China region, SeaPRwire simultaneously expanded its media matrix across multiple vertical fields such as technology, venture capital, fashion, and health. Whether it is a unicorn enterprise seeking listing voice in Hong Kong or a multinational brand hoping to expand business in the mainland and the Greater Bay Area, all can achieve precise penetration of target audiences through SeaPRwire's customized distribution links. "Hong Kong is not just a distribution window; it is a vital bridge for global capital to perceive China and for Chinese enterprises to go global," pointed out SeaPRwire's head of Greater China. "By consolidating this core network, we aim to provide clients with more deterministic communication results, leveraging authoritative media endorsements and extensive channel coverage to escort enterprises' business voyages in the Greater China region." About SeaPRwire SeaPRwire is Asia’s leading AI-driven earned media management platform, purpose-built to empower PR and communications professionals. Through its flagship Branding-Insight Program, the platform connects clients to over 80,000 journalists and an influencer matrix reaching 300 million followers. Leveraging advanced AI, SeaPRwire helps users identify media targets, personalize pitches, and measure PR impact across key APAC markets, including Japan, China, Korea, and Southeast Asia. Media Contact Company: SeaPRwire Contact: Media Relations Team Email: cs@seaprwire.com Website: https://seaprwire.com 30/03/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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中國心連心公佈2025年度業績 持續深化降本增效、差異化競爭優勢,推進營銷轉型戰略

EQS via SeaPRwire.com / 2026-03-29 / 16:03 UTC+8 新聞稿 (請即時發送) 中國心連心公佈2025年度業績 持續深化降本增效、差異化競爭優勢,推進營銷轉型戰略 2025年度業績重點: 扣非後歸屬於母公司擁有人淨利潤同比上升1.2%至約人民幣9.32億元。 每股派息增加23.1%至人民幤32分。 長短期借款比例由期初的6:4優化至期末的8:2,財務成本同比下降3%,資金流動性與結構合理性進一步提升。 新鄉基地化工新材料項目及准東基地發展按計劃推進,預計五大生產基地產能全面釋放後,本集團的化肥市佔率將提升6個百分點。 (2026年3月29日,香港)中國心連心化肥有限公司(「中國心連心」或「本公司」,連同其附屬公司合稱「集團」)(股份代號:01866.HK)宣佈,截至2025年12月31日止年度,集團實現收入約253.52億元(人民幣,下同),同比增長9.6%;期內歸屬於母公司擁有人淨利潤約9.32億元,同比下跌36.1%,若扣除非經常性損益的淨利潤則同比上升1.2%。 為回饋股東的長期支持,向資本市場傳遞積極正向的發展信號,董事會在綜合考慮本集團實際經營情況與未來戰略規劃後,建議派發末期股息每股人民幣32分,同比增加23.1%。 回顧期內,國內煤化工相關行業產能過剩,產品價格承壓下行,抑制行業整體業績增長。本集團堅持「低成本+差異化」的核心盈利模式,以「項目建設」與「營銷轉型」兩大核心抓手,持續深化降本增效、差異化競爭優勢,推進營銷轉型戰略,保障整體經營質量穩健運行。 回顧期內,尿素銷售收入約68.27億元,同比減少6%。受原料價格下行影響,第一季尿素價格低迷,導致全年平均售價同比下跌10%,但隨著出口寬鬆政策的拉動,以及冬儲需求的釋放,尿素價格逐季呈回升態勢,尤其是第四季度回升明顯,環比增長3%。為緩解價格下行帶來的不利影響,本集團充分抓住出口窗口期,拓展海外訂單,重點提升對東南亞出口佔比,推動出口量大幅增長,全年尿素銷售量同比上升3%。 期內複合肥銷售收入約69.21億元,同比上升15%。在價格傳導錯位的市場環境下,本集團依託小微基地全國佈局的優勢,持續加快營銷轉型,強化農化服務建設,推動複合肥銷量同比增長19%。另一方面,受國家保價穩供政策調控影響,原料成本向產品端的傳導滯後,形成階段性「成本上行、售價下滑」的經營壓力,加上終端農戶備肥週期延後,導致複合肥平均售價同比下降3%。 期內甲醇銷售收入約36.65億元,同比大幅上升37%。國內經濟穩步復甦,化工行業開工率有所提升,甲醇下游需求逐步改善,本集團通過甲醇自產和貿易業務的協同發展,帶動銷量同大幅上升43%。另一方面,受地緣政治影響,中東地區甲醇進口量創下歷史新高,市場供應整體寬鬆,甲醇平均售價同比下降4%。 隨著九江二期項目的順利投運,低成本優質產能進一步釋放,為集團大項目建設及產能優化佈局樹立標桿。新鄉基地化工新材料項目及准東新基地均按計劃推進,預計五大生產基地產能全面釋放後,本集團的化肥市佔率將提升6個百分點。同時,本集團以合成氨大基地為核心,在全國範圍內佈局多個複合肥小微基地,依託臨近終端市場的區位優勢,進一步構建覆蓋全國的營銷網絡。 在確保財務安全與穩健經營的前提下,本集團圍繞未來三年發展戰略,平穩、有序推進規模化發展與項目建設,新項目與新基地的投入同比增加約24%。同時,本集團持續優化貸款結構,通過中長期低成本融資,強化資金穩定性,保障項目有序推進。 本集團持續優化借款結構,拓展中長期融資,長短期借款比例由期初的6:4優化至期末的8:2,資金流動性與結構合理性進一步提升。期內本集團完成高息貸款置換規模約92.4億元,其中前期高息融資租賃貸款已全部置換完畢,帶動利率節降0.5個百分點。在支撐集團戰略落地、增加資金儲備的背景下,本集團的財務成本同比仍實現3%降幅。 展望2026年,中國心連心董事會主席劉興旭先生表示:今年國內尿素市場整體呈「供應寬鬆、需求穩定、出口調控」的發展態勢,儘管行業供應壓力仍然存在,但在國家保障糧食生產的政策導向下,有效耕地面積持續擴大,農業需求具備潛在增長空間。同時,國家有望繼續放寬出口政策,甚至不排除提升出口規模,以進一步優化市場供需格局,推動尿素供需平衡實現階段性改善。總體來看,預計全年化肥價格將保持平穩運行,其中,上半年受農需旺季等因素影響,或將穩中有升。 在項目建設方面,本集團位於新鄉基地的化工新材料一期57萬噸合成氨項目已順利進入試生產階段,目前各項指標運行良好,該項目通過對關鍵設備實施節能改造、生產工藝升級優化,其生產成本較集團現有生產線預計降低約8%。同時,位於准東基地的一期項目正按計劃穩步推進,預計於今年年底順利投運,該項目依託當地原料資源稟賦,具備顯著的原料低成本優勢。項目投運後,本集團低成本產能規模與裝置能耗水平將達到行業領先,為集團後續規模化發展,提升市場競爭力奠定基礎。 ~ 完 ~ 關於中國心連心化肥有限公司 中國心連心化肥有限公司為中國最具規模優勢和成本效益的煤基尿素生產商之一,主要從事尿素、複合肥、甲醇、二甲醚、三聚氰胺、糠醇、糠醛、2-甲基呋喃和醫藥中間體等相關差異化產品的研發、生產與銷售。集團堅持「總成本領先、差異化競爭」的發展策略,做大做強化肥主業,依託新鄉、新疆、江西等地區資源,向上遊新能源、新材料等產品鏈延伸,向煤化工相關多元化方向發展。中國心連心股份在香港交易所主板上市,股份編號:01866.HK。 投資者及媒體查詢 中國心連心化肥有限公司 桂琳 電話:86-135 6942 3415 電郵:lin.gui@chinaxlx.com.hk 中國公關顧問有限公司 蕭偉成 / 郭麗君 電話:852-2522 1368 / 852-2522 1838 電郵:dshiu@prchina.com.hk lguo@prchina.com.hk 2026-03-29 此財經新聞稿由EQS via SeaPRwire.com轉載。本公告內容由發行人全權負責。瀏覽原文: http://www.todayir.com/tc/index.php
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China XLX Announces 2025 Annual Results Deepening efforts in reducing costs, enhancing efficiency, strengthening competitiveness through differentiation and driving marketing transformation

EQS via SeaPRwire.com / 29/03/2026 / 16:03 UTC+8 Press Release (For immediate release) China XLX Announces 2025 Annual Results Deepening efforts in reducing costs, enhancing efficiency, strengthening competitiveness through differentiation and driving marketing transformation 2025 Annual Results Highlights: Profit attributable to owners of the parent after deducting non-recurring items grew by 1.2% YoY to approximately RMB 932 million. Dividend payment increased by 23.1% YoY to RMB 32 fen per share. The ratio of long-term to short-term borrowings improved from 6:4 at the beginning of the year to 8:2 at the year end with finance cost dropped by 3% YoY. The Group’s liquidity and capital structure was thus further optimized. Development of the Xinxiang New Chemical Materials Project and the Zhundong Production Base progressed smoothly. The Group’s share in domestic fertiliser market is expected to grow by 6 percentage points upon the full operation of five production bases. (29 March 2026, Hong Kong) China XLX Fertiliser Ltd. (“China XLX” or the “Company”, together with its subsidiaries collectively referred to as the “Group”) (stock code: 01866.HK) announced that the Group’s revenue for the year ended 31 December 2025 grew by 9.6% year-on-year to approximately RMB 25.35 billion. Profit attributable to owners of the parent for the period amounted to approximately RMB 932 million, down by 36.1% year-on-year and up by 1.2% year-on-year if non-recurring items were deducted. In order to reward shareholders for their long-term support and to send a positive signal to the capital market, the Board of Directors, after comprehensive consideration of the Group’s actual operating performance and future strategic plans, proposed to distribute a final dividend of RMB 32 fen per share, up by 23.1% year-on-year. During the review period, the supply glut of domestic coal chemical-related market dragged down the selling prices of products and weighed on the industry’s overall operating results. The Group adhered to the core profitability model of “low cost + differentiation” and focused on “project development” and “marketing transformation”. While making continuous efforts in reducing costs and increasing efficiency, it reinforced the competitive edges through differentiation and advanced the strategy of marketing transformation, thereby ensuring the stable operation of overall business. During the review period, revenue from urea sales reached approximately RMB 6.83 billion, down by 6% year-on-year. Due to the decline in feedstock prices, urea selling price was sluggish in the first quarter and led to a 10% year-on-year decrease in the average selling price for the year. On the other hand, driven by relaxed export controls and the unleashing of demand for winter stockpiling, urea prices rebounded quarter by quarter afterwards. It is noteworthy that the selling price in the fourth quarter climbed by 3% from previous quarter. In order to mitigate the adverse impacts of declining prices, the Group fully capitalized on the opening of export window to expand overseas sales with a primary focus on increasing the proportion of exports to Southeast Asia. As a result, the urea export volume substantially grew, leading to a 3% year-on-year increase in urea sales volume for the year. Revenue from compound fertiliser sales amounted to approximately RMB 6.92 billion in the year, up by 15% year-on-year. In a market environment characterized by misalignment in price transmission, the Group leveraged its nationwide network of small-scale production bases to accelerate marketing transformation and to strengthen agrochemical services, resulting in a 19% year-on-year increase in the sales volume of compound fertiliser. Nevertheless, owing to the national policies to stabilize selling prices and supply, the transmission of feedstock costs to the product prices was delayed, creating a temporary operational pressure arising from “lower prices amid rising costs”. Besides, farmers delayed fertiliser stockpiling, leading to a 3% year-on-year decrease in the average selling price of compound fertiliser. Revenue from methanol sales in the year surged by 37% year-on-year to approximately RMB 3.67 billion. As domestic economy steadily picked up and the capacity utilization of chemical sector improved, the downstream demand for methanol gradually recovered. As a result, the sales volume of methanol jumped by 43% from the previous year. On the other hand, methanol imports from the Middle East climbed to a record high due to geopolitical tensions. The average selling price of methanol hence dropped by 4% year-on-year on ample supply in the market. With the successful commissioning of Jiujiang Phase II Project, the Group possessed more low-cost, high-quality production capacity. It became a benchmark for the Group’s development of large-scale project and capacity optimization plan. Meanwhile, the construction of the new chemical materials project at the Xinxiang Production Base and the Zhundong Production Base progressed as planned. When all of five major production bases come on stream, the Group’s share in domestic fertiliser market is expected to increase by 6 percentage points. Leveraging its large-scale synthetic ammonia production bases, the Group had established multiple small-scale compound fertiliser bases across the country. Benefiting from their proximity to end-user markets, the Group further strengthened the nationwide marketing network. In order to safeguard the financial security and ensure its stable operation, the Group promoted steady and orderly development of large-scale production bases and projects in accordance with the development strategy for next three years, with investment in new projects and new production bases increasing by approximately 24% year-on-year. At the same time, the Group continued to optimize the debt structure, strengthening its financial stability and ensuring the orderly development of projects through medium- and long-term low-cost financings. The Group further optimized the borrowing structure through the expansion of medium- and long-term financings. As a result, the ratio of long-term to short-term borrowings improved from 6:4 at the beginning of the year to 8:2 at the year end, thus further enhancing its liquidity and capital structure. During the period, the Group completed the replacement of high-interest loans worth approximately RMB 9.24 billion, including all prior high-interest financial lease loans. The borrowing interest rate thus reduced by 0.5 percentage point. While the Group continued to proceed with its development strategy and to increase the cash resources, its finance costs still dropped by 3% year-on-year. Looking ahead into 2026, Mr. Liu Xingxu, Chairman of China XLX, said: The general trend of domestic urea market for the year will see “ample supply, stable demand and export controls”. Despite the persistence of supply glut, the arable land area is expected to further expand under the support of national policy to ensure grain production. Therefore, agricultural demand is likely to grow. At the same time, the government is expected to further relax export controls and it cannot be ruled out that the export volume will be increased to optimize the demand and supply condition in the market. The imbalance condition of the urea market will see phasal improvement. All in all, the urea price for this year will remain stable, and the selling price is expected to grow steadily in the first half amid robust agricultural demand for farming peak season. Regarding project development, the trial run of the synthetic ammonia production facility at the Xinxiang New Chemical Materials Phase I Project (with capacity of 570,000 tons) goes smoothly. Most of its indicators perform well. Through energy-saving renovation of key equipment and optimization of production process, the project's production costs are expected to decrease by approximately 8% when compared with the Group's existing production facilities. Meanwhile, the development of the Zhundong Production Base Phase I is progressing steadily as planned and it is expected to be put into operation by the end of this year. With an access to local feedstocks, this project will enjoy significant benefits from low-cost feedstocks. Upon the commencement of its operation, the Group will reinforce the market leadership in terms of production capacity and energy efficiency, thereby laying a solid foundation for it to implement large-scale expansion and enhance its market competitiveness in the future. ~ END ~ About China XLX Fertiliser Ltd. China XLX Fertiliser Ltd. is one of the largest and most cost-efficient coal-based urea producers in China. It is principally engaged in developing, manufacturing and selling of urea, compound fertiliser, methanol, dimethyl ether, melamine, furfuryl alcohol, furfural, 2-methylfuran, pharmaceutical intermediates and related differentiated products. The Group adheres to the development strategy of “maintaining overall cost leadership and creating competitive differentiation" while strengthening the core fertiliser operations. With support of the resources in Xinxiang, Xinjiang and Jiangxi, it extends the value chain to upstream new energy and new materials and diversifies into coal chemical related products. The Company’s shares (stock code: 01866.HK) are traded on the main board of the Hong Kong Stock Exchange. Investor and Media Enquiries China XLX Fertiliser Ltd. Gui Lin Tel: 86-135-6942-3415 Email: gui.lin@chinaxlx.com.hk PRChina Limited David Shiu / Liky Guo Tel: 852-2522 1368 / 852-2522 1838 Email: dshiu@prchina.com.hk lguo@prchina.com.hk 29/03/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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Trio Industrial (1710) 2025 Recorded Revenue at approximately HK$775.3 million; Continues to implement Dual‑engine Strategy of Electronic Manufacturing Services and New Energy Businesses

EQS Newswire / 27/03/2026 / 23:12 UTC+8 【For Immediate release】 Trio Industrial Electronics Group Limited (Stock Code: 1710.HK) Announces 2025 Annual Results* * * Recorded Revenue at approximately HK$775.3 million Continues to implement Dual‑engine Strategy of Electronic Manufacturing Services and New Energy Businesses to Build a “Greater Asia New Energy Business Network” (Hong Kong – 27 March 2026) Trio Industrial Electronics Group Limited (“Trio Industrial” or the “Group”; stock code: 1710), a leading manufacturer and distributor of advanced industrial electronic components and products in Hong Kong, today announced the annual results of the Company and its subsidiaries (the “Group”) for the year ended 31 December 2025 (the “Year”). During the Year, the overall operating environment remained challenging. Europe and North America continued to be the Group’s major markets, where operating conditions were affected by relatively tight interest rate conditions, ongoing geopolitical tensions and the implementation of the revised tariff policy in the United States. In response, many customers adopted a more prudent procurement approach, focusing on inventory management and adjusting their purchasing strategies, which led to weaker demand during the Year. As a result, the Group’s revenue for the financial year 2025 decreased by approximately 23.1% year‑on‑year to approximately HK$775.3 million. Nevertheless, the Group maintained stringent cost control and optimised its staffing and labour structure, resulting in a decrease in overall administrative expenses compared with last year. Overall, the Group recorded a gross profit of approximately HK$139.6 million for the financial year 2025, representing a decrease of approximately 25.5% compared with the previous year, while gross profit margin decreased by 0.6 percentage points from 18.6% to 18.0%. The Group recorded a loss attributable to owners of the Company of approximately HK$35.4 million for the Year. The Group maintained a healthy financial position, with cash and cash equivalents (including restricted bank deposits) of approximately HK$140.5 million and a net cash position (cash and cash equivalents less borrowings). The current ratio was approximately 2.7 times, similar to that as at 30 June 2025 and 31 December 2024. To navigate the complex and evolving global market environment, Trio Industrial is accelerating the implementation of its joint design manufacturing strategy, deepening cooperation with key customers and enhancing value‑add and profit potential from the product design stage, while strengthening long‑term customer relationships. In line with this direction, the Group is actively recruiting professionals who possess both technical expertise and market insights to enhance its global sales and engineering teams, further expand market coverage and support future business growth. In terms of global manufacturing network, the Group’s Thailand production facility serves as a strategic export base for the United States of America and Southeast Asian markets, providing greater flexibility in addressing geopolitical developments and tariff barriers. The Group’s manufacturing facility in the United Kingdom commenced operation in the second quarter of 2025 to serve local customers in Europe and strengthen supply chain security. The Group is also establishing a new manufacturing facility in the United States of America, which is expected to commence operation in the second half of 2026. With a manufacturing network spanning the PRC, Thailand, the United Kingdom and the upcoming facility in the United States of America, the Group is able to offer global customers diversified regional supply assurance and flexibility in response to geopolitical changes and the reshaping of trade patterns. This network not only enhances supply chain resilience, but also underscores the Group’s competitive advantage of “global manufacturing, local services”. In the new energy sector, while optimising the operations of its electronic manufacturing services business, the Group has continued to expand its business from electric vehicle charging manufacturing and charging station operation to include energy storage and distributed energy applications, thereby building an integrated “charging–storage–energy services” business model and further consolidating its position along the new energy value chain. Leveraging the “Belt and Road” Initiative, the Group has established first‑mover platforms in Central Asia and Southeast Asia and is advancing distributed energy storage and e‑mobility projects with regional demonstration effects, injecting new momentum into its medium‑ to long‑term growth. In Kazakhstan, the Group has partnered with Sinooil (a subsidiary of China National Petroleum Corporation) to deploy electric vehicle charging infrastructure and digital advertising facilities at approximately 140 Sinooil petrol stations across the country, creating a scalable platform for the Group’s integrated energy and media business. The Group has established four EV charging stations in Kazakhstan, one of which adopts a “solar‑storage‑charging” configuration, integrating Deltrix EV charging infrastructure, energy storage systems, digital advertising kiosks and intelligent car‑wash facilities. While providing EV charging services, these sites also create a comprehensive ecosystem that combines energy services, digital advertising, automatic car‑wash facilities and convenience retail. This integrated advertising platform is also designed to support Chinese enterprises in expanding into Central Asia and to strengthen the Group’s presence in the regional outdoor media market. Building on this strategic platform in Central Asia, the Group is also expanding its new energy business in Southeast Asia, with the Philippines as the first market in the region. The Group is rolling out Deltrix‑branded electric motorcycles and battery‑swapping projects, offering an integrated “vehicle–battery–cabinet” solution for e‑mobility, which is a typical distributed energy storage application. At the same time, the Group is developing other distributed energy storage solutions for residential, commercial and industrial applications, further broadening its portfolio of new energy products and services in the region. Mr. Cecil Wong, the Chairman of Trio Industrial Electronics Group Limited said, “Despite the continued challenges in the global economic environment, we remain confident in the long‑term trends of industrial electrification, sustainable energy and intelligent development. The Group’s strength lies in combining its expertise in electronic manufacturing with new energy technologies, and in driving business development through a multi‑country manufacturing footprint and technology‑driven execution. Over the next three years, we will focus on business areas with sustainable growth potential, strong technology orientation and clear market demand to further enhance the Group’s earnings quality and cash flow performance.” “At the same time, we will promote deeper integration of artificial intelligence and the Internet of Things to build the ‘Group Intelligent Energy Brain’, using data to drive operational efficiency and transparency in energy management, and ultimately achieve the transformation from a manufacturing enterprise into an intelligent energy ecosystem platform. We believe that by continuously optimising operational efficiency and advancing the integrated development of ‘new energy + new media’, Trio Industrial will further strengthen its competitive advantages amid a rapidly changing market environment, open up high value‑added and sustainable growth opportunities and create long‑term value for shareholders.” - End - About Trio Industrial Electronics Group Limited (Stock Code: 1710.HK) Trio Group is a leading Hong Kong-based manufacturer and supplier of advanced industrial electronic components and products, with over 40 years of industry expertise. Specialising in power supply solutions, the group serves key sectors such as energy efficiency and medical electronics. As the first Hong Kong electronics supplier to achieve Industry 4.0 maturity certificate - industry 4.0 1i level. Trio Group integrates smart manufacturing and innovative technologies to deliver high-performance solutions, earning a strong reputation as a trusted partner for numerous globally recognised brands, primarily in Europe and North America. In response to the growing emphasis on ESG (Environmental, Social, and Governance) principles and the urgent demand for decarbonisation, Trio Group is strategically expanding into the renewable energy sector through its proprietary brand, Deltrix. The company is actively developing solutions in: EV charging infrastructure Solar energy storage systems Smart power management Charging network deployment With a focus on Central Asia and Southeast Asia, Trio Group is committed to advancing green technology innovation, positioning itself as a key player in the global energy transition while driving sustainable business growth. By leveraging its technical expertise and forward-looking strategies, the group continues to reinforce its role in shaping a low-carbon future. This press release is issued by DLK Advisory Limited on behalf of Trio Industrial Electronics Group Limited. For further information, please contact: DLK Advisory 金通策略 Email: pr@dlkadvisory.com Tel: +852 2857 7101 File: 1710_2025AR_press release_EN_20260327_FINAL 27/03/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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致豐集團 (1710) 公佈2025年全年業績 收益約為7.753億港元 持續推行電子製造服務及新能源業務雙引擎發展策略 建立「大亞洲新能源業務圈」

EQS 新聞 / 2026-03-27 / 23:12 UTC+8 [請即時發布] 致豐工業電子集團有限公司 (股份代號:1710.HK) 公佈2025年全年業績 * * * 收益約為7.753億港元 持續推行電子製造服務及新能源業務雙引擎發展策略 建立「大亞洲新能源業務圈」 (香港 – 2026年 3月 27日) 香港領先的工業電子零件及產品製造及銷售企業 – 致豐工業電子集團有限公司(「致豐集團」或「集團」,股份代號:1710),今日宣佈本公司及其子公司(「本集團」)截至2025年12月31日止年度(「年內」)的全年業績。 年內,整體經營環境仍然充滿挑戰。歐洲及北美仍為本集團的主要市場,而當地的經營環境受到相對緊縮的利率環境、持續的地緣政治緊張局勢以及美國修訂關稅政策實施等因素所影響,不少客戶採取更審慎的採購方法,著重庫存管理並調整採購策略,導致年內需求轉趨疲弱。因此,本集團於2025財政年度的收入較去年下降約23.1%至約為7.753億港元。然而,本集團仍維持嚴格的成本控制,並優化其人員及勞動結構,使整體行政開支較去年有所下降。整體而言,本集團於2025財政年度錄得毛利約1.396億港元,較去年同期減少約25.5%,毛利率由去年的18.6%減少0.6個百分點至18.0%。本集團年內錄得本公司擁有人應佔虧損35.4百萬港元。集團保持穩健的財務狀況,現金及現金等價物(包括受限制銀行存款)約為1.405億港元,維持正淨現金狀況(現金及現金等價物減借款)。流動比率約為 2.7倍,與於2025年6月30日及2024年12月31日相若。 為應對複雜多變的全球市場環境,致豐集團正加速推進聯合設計製造策略,深化與主要客戶的合作,從產品設計端着手提升附加價值與利潤潛力,同時鞏固長期客戶關係。配合此方向,本集團積極引入兼具技術背景與市場洞察力的專業人才,優化全球銷售與工程團隊,進一步拓展市場覆蓋並支持未來業務增長。在全球製造布局方面,泰國生產設施作為出口至美國及東南亞市場的策略性出口基地,為本集團在應對地緣政治發展及關稅壁壘方面提供更大的靈活性。本集團位於英國的製造設施已於2025年第二季度投入運作,為歐洲本地客戶提供服務並加強供應鏈安全。本集團亦正於美國建立新的製造設施,預期將於2026年下半年投入運作。致豐集團已建立覆蓋中國、泰國、英國及即將在美國投產的製造網絡,為全球客戶提供多區域供應保障與彈性,以應對地緣政治變化及貿易格局重塑。該布局不僅增強供應鏈韌性,亦體現本集團「全球製造、本地服務」的競爭優勢。 於新能源領域,在優化電子製造服務業務運營的同時,本集團業務持續拓展,從電動汽車充電與充電設施運營延伸至能源儲存與分佈式能源應用,構建「充電-儲能-能源服務」一體化業務模式,進一步鞏固其於新能源價值鏈的地位。配合「一帶一路」倡議,本集團已於中亞及東南亞市場建立先行平台,並正在推進具區域示範效應的分佈式儲能及電動出行項目,為中長期增長注入新動能。在哈薩克斯坦,本集團已與Sinooil(中國石油天然氣集團)合作,在全國約140個Sinooil加油站部署電動汽車充電基礎設施及數字廣告設施,為本集團能源與媒體綜合業務建立可擴展的平台。本集團已於哈薩克斯坦建立四個電動汽車充電站,其中一個採用「光儲充」配置,整合Deltrix電動汽車充電基礎設施、能源儲存系統、數字廣告亭及智能洗車設施。該等站點在提供電動汽車充電服務的同時,亦構建了一個結合能源服務、數字廣告、自動洗車設施及便利零售的綜合生態系統。該綜合廣告平台亦旨在協助中國企業進軍中亞,同時加強本集團於區域戶外媒體市場的定位。 在中亞建立此策略平台的基礎上,本集團亦正拓展其於東南亞的新能源業務,其中菲律賓為區域擴展的首個市場。本集團正推進Deltrix品牌電動摩托車及換電項目,為電動出行提供「車- 電- 櫃」一體化解決方案。這是典型的分佈式儲能應用解決方案。同時,本集團亦正開發適用於住宅及工商業用途的其他分佈式儲能解決方案,進一步擴展其於該地區的新能源產品及服務組合。 致豐工業電子集團主席黃思齊先生表示:「儘管環球經濟環境仍存挑戰,我們依然堅信產業電氣化、能源可持續化及智能化發展的長期趨勢不變。致豐集團的優勢在於結合電子製造專業與新能源技術,並以多國製造佈局與技術驅動的策略執行力,推動業務持續發展。展望未來三年,我們將聚焦具可持續增長潛力、技術導向及市場需求明確的業務範疇,進一步提升集團的盈利質量與現金流表現。同時,我們將推動人工智能與物聯網的深度融合,構建『集團智能能源大腦』,以數據驅動營運效率與能源管理透明化,最終實現從製造型企業向智能能源生態平台的轉型。我們相信,通過持續優化營運效率及推進「新能源 + 新媒體」的融合發展,致豐集團將在不斷變化的市場環境中鞏固競爭優勢,開拓高附加值、可持續的增長空間,為股東創造長期價值。」 - 完 – 關於致豐工業電子集團有限公司(股份代號:1710.HK) 致豐集團是香港領先的工業電子零件及產品製造商,擁有超過40年的行業經驗,專注於高品質電源產品的生產與銷售,業務涵蓋節能、醫療等關鍵領域。作為香港電子工業供應商中首家榮獲工業4.0成熟度1i級認證的企業,集團以智能化製造與創新技術為核心,為全球客戶提供高效可靠的解決方案,並成為眾多國際知名品牌的長期合作夥伴,客戶群主要遍及歐美市場。 面對全球ESG(環境、社會與治理)趨勢與零碳轉型需求,致豐集團積極佈局可持續能源領域,透過旗下自主品牌Deltrix拓展可再生能源、儲能技術及綠色基礎設施業務。市場版圖延伸至中亞與東南亞,服務範疇包括: 電動車充電解決方案 光伏儲能系統 智能電源管理系統 充電網絡基礎設施 憑藉深厚的技術積累與前瞻性的產業佈局,致豐集團持續推動綠色科技創新,致力成為全球能源轉型中的關鍵參與者,實踐企業永續發展願景。 此新聞稿由金通策略有限公司代致豐工業電子集團有限公司發布。 如有任何查詢,請聯絡: DLK Advisory 金通策略 電郵: pr@dlkadvisory.com 電話: +852 2857 7101 文件: 1710_2025AR_press release_TC_20260327_FINAL 2026-03-27 此財經新聞稿由EQS Group轉載。本公告內容由發行人全權負責。瀏覽原文: http://www.todayir.com/tc/index.php
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Uni-Bio Science Group Limited Announces 2025 Annual Results

EQS Newswire / 27/03/2026 / 21:31 UTC+8 Record-Breaking Revenue of HK$586.2M and EPS Surged to HK$1.56 Cents Dividends Distributed for Two Consecutive Years Embarks on Innovation-Driven Transformation to Become a Global Pioneer in Regenerative Medicine (27 March 2026 – Hong Kong) A fully integrated biopharmaceutical company – Uni-Bio Science Group Limited (“Uni-Bio Science”, together with its subsidiaries referred to as the “Group”, stock code: 0690.HK), is pleased to announce its annual results for the year ended 31 December 2025 (the “Year”). Key Accomplishments in 2025 During the Year, the Group achieved a spectrum of accomplishments, for both of its marketed products and innovative biologics. The key highlights include: During the Year, the Group delivered record-breaking financial results, with revenue recorded a 6.0% year-on-year (“YoY”) increase, reaching approximately HK$586.2 million. Profit for the year soared by 12.7% YoY to approximately HK$93.3 million, and net profit margin increased by 1.0 percentage points YoY to 15.9%, marking a historic high. The earnings per share reached approximately HK$1.56 cents, reflecting a growth of 15.5% YoY or a CAGR of 18.55% from 2023 to 2025. The Group generated solid cash from operations in the Year, operating cash flow and free cash flow increased by 32.7% and 27.3% YoY, respectively. Cash ratio increased from 0.53 times at the end of 2024 to 1.63 times at the end of 2025. The cash conversion cycle improved from 124 days to 107 days, highlighting greater operating efficiency. Backed by sustainable earnings and a healthy cash flow, the board of directors (“Board”) has declared a dividend payment for 2025 of HK$0.313 cents per share. Since its official launch in March 2024, Bogutai® has sustained strong growth momentum, driven by a solid commercialization strategy and successful academic engagement. In 2025, Bogutai® demonstrated rapid market adoption in China, achieving a remarkable year-on-year revenue growth of 111.0%. In May 2025, the Group’s second ophthalmology product, 金因康® (Diquafosol Sodium Eye Drops), received marketing approval from the China National Medical Products Administration (“NMPA”), marking a significant milestone in expanding the Group’s ophthalmic portfolio following GeneSoft®. The Group is actively preparing its launch and marketing strategy. In addition to leveraging synergy with GeneSoft® and its established online and offline distribution network for rapid market penetration, 金因康® will specifically target the mid-to-high-end segment of dry eye patients outside the hospital setting, those who prioritize long-term efficacy and premium product quality. In June 2025, the Group officially launched the high-end series GeneQueens® of 肌顏態® and the medical device brand 金因敷®, marking two key milestones in its strategic expansion into the integrated“Drug, Medical Device, and Aesthetics”field. These product launches reflect the Group’s commitment to enhancing its skin health product matrix and addressing evolving consumer needs for efficacy-driven, medical-grade skincare in both functional skincare and post-aesthetic recovery. In July 2025, the marketing application of Isavuconazonium sulfate capsules were officially accepted by the NMPA. Isavuconazonium sulfate capsules are expected to be approved for launch as early as the fourth quarter of 2026, offering a safer, more effective, and high-quality treatment option for patients suffering from invasive fungal infections. In 2025, the Group established a strategic partnership with Wenzhou Medical University to explore a thermosensitive gel formulation combining EGF and bFGF, leveraging the university’s proven expertise in bFGF production. As a key growth factor in regenerative medicine, bFGF is highly effective in promoting granulation and angiogenesis. Towards the end of 2025, the Group repositioned its long-term strategy from “Stable Growth” to “Innovation-Driven,” signifying a bold transformation from an integrated pharmaceutical company into a global pioneer in regenerative medicine. The Group is advancing a transformative R&D strategy spanning four key areas: muscular-skeletal regeneration, skin regeneration, ocular regeneration, and ENT regeneration. Annual Results For 2025, the Group recorded a revenue of approximately HK$586.2 million, representing an increase of 6.0% YoY. Revenue from Bogutai® increased from approximately HK$ $63.5 million to approximately HK$ 134.0 million, representing a significant increase of 111.0%. Revenue generated from GeneTime® was approximately HK$220.4 million, representing an increase of 10.9% YoY. GeneSoft® recorded a 7.9% YoY decrease in revenue from approximately HK$41.9 million to approximately HK$38.6 million due to intense market competition. Pinup® recorded a decrease of 29.4% in revenue from approximately HK$244.2 million to approximately HK$172.5 million for the Year. In 2025, the Group adopted a more disciplined and selective hospital-supply strategy under volume-based procurement (VBP) to safeguard margins, particularly in regions where policy adjustments intensified price competition. At the same time, the Group accelerated diversification into pharmacy networks beyond traditional hospital channels and optimized its supply chain to improve cost and profitability. In 2024, Boshutai® was successfully included in the VBP by the Henan Seventeen Provinces Alliance and the procurement validity period is set for two years. Hospitals in many provinces began procuring Boshutai® in 2025. Following the destocking and a low base in 2024, revenue from Boshutai® increased from approximately HK$10.2 million to approximately HK$15.5 million, representing a significant increase of 51.9%. 肌顏態® generated approximately HK$2.8 million in revenue in its early stage. The limited revenue scale reflected several factors, including a relatively small number of products approved and launched during the Year, and the fact that specialized marketing and distribution teams were still being built and optimized. Gross profit was approximately HK$487.6 million, representing an increase of 5.7% as compared with approximately HK$461.1 million in 2024, and gross profit margin increased by 0.2 percentage points YoY to 83.2%. The Group delivered another year of record-breaking profit, achieving approximately HK$93.3 million for the Year, representing an increase of 12.7% YoY. Net profit margin increased by 1.0 percentage points YoY to 15.9%. These results demonstrate the Group’s success in converting product innovation into market value through strong commercialization execution and financial discipline. The earnings per share reached approximately HK$1.56 cents, reflecting a growth of 15.5% YoY. Prospects Regenerative medicine has emerged as a rapidly developing field, focused on repairing, replacing, or regenerating damaged tissues or organs using cells, tissues, or genetic material. The sector has the potential to treat and address the underlying causes of chronic and advanced diseases. The global regenerative medicine market was approximately USD51.7 billion in 2025. It is projected to grow from USD63.0 billion in 2026 to USD555.6 billion by 2034, representing a compound annual growth rate (CAGR) of 31.3%. The increasing prevalence of chronic and hereditary diseases, together with rising healthcare expenditure in both developed and emerging markets, is expected to support continued growth in the regenerative medicine industry. Mr. Kingsley Leung, Chairman of Uni-Bio Science, commented, “In 2025, we are proud to have delivered another year of record profitability, marking a significant milestone in our growth journey. During the year, we entered a new phase of strategic development. In anticipation of an increasingly favorable market environment, we advanced our strategic transition from ‘stable growth’ to ‘innovation-driven’ development, with a clear focus on four diversified therapeutic areas: musculoskeletal regeneration, skin regeneration, ocular regeneration, and ENT regeneration. With multiple products progressing through our pipeline and accelerating toward commercialization, the Group has continued to broaden its marketing channels. In addition to strengthening our established offline hospital networks, deepening partnerships with local distributors, and hosting academic conferences, we have actively expanded into online e-commerce platforms to enhance product accessibility and extend our market reach. Our ambitions extend well beyond China. During the year, we formed a strategic partnership with Kexing Biopharm to accelerate the global expansion of Bogutai®. Through this collaboration, we have granted Kexing Biopharm exclusive commercialization rights for Bogutai® in six international markets—Saudi Arabia, Egypt, Morocco, Colombia, Argentina, and Mexico—laying a solid foundation for global growth. We expect these markets to begin contributing revenue as early as the end of 2026. At the same time, we are advancing the FDA approval process for Bogutai® in the United States, aiming for approval as early as 2027. In December, we also entered into a strategic collaboration with Wenzhou Medical University and the People’s Government of Ouhai District, Wenzhou, to foster a synergistic ‘government–university–enterprise’ model, further strengthening our capabilities in regenerative medicine. Supported by strong partnerships with local governments and leading academic institutions, we are well positioned to build a world-class biomedical ecosystem and enhance our end-to-end innovation capabilities.” About Uni-Bio Science Group Limited Uni-Bio Science Group Limited is an innovative biopharmaceutical enterprise listed on the Main Board of The Stock Exchange of Hong Kong Limited in 2001 (Stock Code: 00690.HK). The Group is committed to powering the advancement of regenerative medicine with next-generation synthetic biology and complex peptide innovation. Focusing on four core research areas—muscular-skeletal regeneration, skin regeneration, ocular regeneration, and ENT regeneration—the Group has built a diversified product pipeline encompassing innovative biologics, high-value generic drugs, and medical aesthetics. The Group operates GMP-compliant production bases in Beijing, Dongguan, and Shenzhen, with fully integrated capabilities spanning R&D, manufacturing, and commercial sales. Uni-Bio Science Group is dedicated to be the global leader in regenerative medicine, redefining how science restores and extends human life. For further information, please contact: ir@uni-bioscience.com 27/03/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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聯康生物科技集團公佈2025年全年業績

EQS 新聞 / 2026-03-27 / 21:31 UTC+8 收入創新高達586.2百萬港元 每股盈利提升至1.56港仙 並連續兩年派發股息 開啟創新驅動轉型 致力于成為全球再生醫學先驅 [二零二六年三月二十七日 – 香港] 綜合性生物製藥公司 — 聯康生物科技集團有限公司(「聯康集團」或「本公司」,連同其附屬公司統稱「本集團」,股份代號:0690)欣然宣佈本集團截至二零二五年十二月三十一止年度(「年內」)的全年業績。 二零二五年取得之重大成就 年內,本集團取得了一系列成就,在已上市產品及創新的生物製劑方面均取得良好成績。主要取得的成就如下: 年內,本集團錄得破紀錄的財務業績,收入按年增長6. 0%,達到約586. 2百萬港元。溢利按年升12.7%至約93.3百萬港元,而純利率按年增加1. 0個百分點至15.9%,創歷史新高。每股盈利達到約1. 56港仙,按年增長15.5%,二零二三年至二零二五年的复合年增长率为18.55%。 本集團於年內錄得穩健的經營現金流,經營現金流量及自由現金流量分別按年增加32.7%及27.3%。現金比率由二零二四年底的0.53倍上升至二零二五年底的1.63倍。現金轉換週期從124天改善為107天,突顯營運效率顯著提升。憑藉可持續盈利及穩健的現金流,董事會建議派發末期股息每股0.313港仙。 自博固泰®於二零二四年三月正式推出以來,在穩健的商業化策略及成功的學術推廣驅動下,其保持了強勁的增長勢頭。於二零二五年,博固泰®在中國展現出快速的市場滲透率,年收入增長實現111.0%的顯著增長。 於二零二五年五月,本集團第二款眼部產品金因康®(地誇磷索鈉滴眼液)獲中國國家藥品監督管理局(NMPA)的上市批准,標誌著繼金因舒®後,本集團眼部產品線拓展之重要里程碑。本集團正積極籌備其推出及營銷策略。除利用與金因舒®及其成熟的線上及線下分銷網絡的協同效應以實現快速市場滲透外,金因康®將專門針對醫院場景以外的中高端乾眼症患者群體,即該等優先考慮長期療效及優質產品品質的患者。 於二零二五年六月,本集團正式推出肌顏態®高端系列GeneQueens®及醫療器械品牌金因敷®,此舉標誌其進軍「藥品、醫械及醫美」整合領域之兩個關鍵里程碑。該等產品發布反映本集團致力於完善其皮膚健康產品矩陣,並滿足消費者對功能性護膚及醫美術後修復領域中以功效為導向的醫學級護膚品不斷演變的需求。 於二零二五年七月,硫酸艾沙康唑膠囊的上市申請已獲國家藥品監督管理局正式受理。硫酸艾沙康唑膠囊預計最早將於二零二六年第四季度獲准上市,為侵入性真菌感染患者提供更安全、更有效且高品質的治療選擇。 於二零二五年,本集團與溫州醫科大學建立戰略合作夥伴關係,利用該大學在bFGF生產方面經證實的專業知識,共同研發結合EGF及bFGF的熱敏凝膠製劑。作為再生醫學的關鍵生長因子,bFGF在促進肉芽組織增生及血管生成方面具有高度療效。 於二零二五年底,本集團將其長期戰略由「穩健增長」重新定位為「創新驅動」,標誌著其由一家綜合製藥公司大膽轉型為全球再生醫學先驅。本集團正推進具變革性的研發戰略方向,涵蓋四大關鍵領域:肌肉骨骼再生、皮膚再生、眼部再生及耳鼻喉科再生。 全年業績 於二零二五年,本集團錄得收益約586. 2百萬港元,按年增長6. 0%。博固泰®的收益由約63.5百萬港元大幅增加至約134.0百萬港元,大幅增加111.0%。金因肽®的收益約為220.4百萬港元,按年增長10.9%。由於市場競爭激烈,金因舒®的收益由約41.9百萬港元按年減少7.9%至約38.6百萬港元。匹納普®錄得的收益由約244.2百萬港元減少29.4%至約172.5百萬港元。二零二五年,本集團在帶量採購下採取了更為嚴謹且具選擇性的醫院供應策略,以保障利潤率,特別是在政策調整加劇價格競爭的地區。同時,本集團加速向傳統醫院渠道以外的藥房網絡多元化發展,並優化其供應鏈以改善成本及盈利能力。於二零二四年,博舒泰®成功納入河南省十七省聯盟集中帶量採購,採購有效期設定為兩年。於二零二五年,許多省份的醫院開始採購博舒泰®。繼二零二四年的去庫存及較低基數之後,來自博舒泰®的收益由約10.2百萬港元增加至約15.5百萬港元,大幅增加51.9%。肌顏態®在其早期階段產生約2.8百萬港元的收益。有限的收益規模反映了幾項因素,包括於年內獲批准及推出的產品數量相對較少,以及專業營銷及分銷團隊仍處於組建及優化階段的事實。 毛利約為487.6百萬港元,較二零二四年的約461.1百萬港元增加5.7%,而毛利率按年下降0.2個百分點至83.2%。本集團實現約93.3百萬港元的破紀錄溢利,再次創下新高,按年增長12.7%。淨利潤率按年上升1.0個百分點至15.9%。該等業績證明本集團憑藉強大的商業化執行力及財務紀律,成功將產品創新轉化為市場價值。每股盈利約達1.56港仙,按年增長15.5%。 展望 再生醫學已成為一個快速發展的領域,專注於利用細胞、組織或遺傳物質修復、更換或再生受損的組織或器官。該行業具有治療及解決慢性病及晚期疾病潛在病因的潛力。全球再生醫學市場於二零二五年約為517億美元。預計將由二零二六年的630億美元增長至二零三四年的5,556億美元,複合年增長率為31.3%。慢性病及遺傳性疾病日益普遍,加上發達及新興市場的醫療保健支出不斷增加,預計將支持再生醫學行業持續增長。 聯康生物科技集團主席梁國龍先生表示:「二零二五年,我們欣然宣佈公司又實現了一年的營利突破,標誌著集團發展中重要的里程碑。年內,本集團進入策略發展的新階段。隨著市場環境逐步向好,我們積極推進由『穩定增長』轉型至『創新驅動』階段,聚焦肌肉骨骼再生、皮膚再生、眼部再生及耳鼻喉再生四大多元化治療領域。 隨著多項產品正在研發並加速邁向商業化階段,集團持續拓展多元化營銷渠道。在鞏固傳統醫療網絡、加深與本地經銷商合作以及開展學術推廣活動的同時,我們亦積極佈局線上電商平台,以進一步提升產品可及性以及擴大市場覆蓋。我們的發展戰略不限於中國市場。年內,我們與科興製藥建立了戰略合作關係,共同推動博固泰®的全球化佈局。通過此次合作,我們已授權博固泰®在沙特阿拉伯、埃及、摩洛哥、哥倫比亞、阿根廷及墨西哥六個國際市場的獨家商業化權利,為全球業務拓展奠定堅實基礎。我們預計上述市場最早將於2026年底開始貢獻收益。與此同時,我們正積極推進博固泰®在美國的FDA註冊審批。 二零二五年十二月,我們與溫州醫科大學及溫州市甌海區人民政府達成戰略合作,致力於構建『政產學研』的協同模式,進一步提升公司在再生醫學領域的能力。憑藉地方政府與頂尖學術機構的有力支持,我們有信心打造一流的生物醫藥生態體系,以提升全週期能力。」 關於聯康生物科技集團有限公司 聯康生物科技集團有限公司是一家於2001年在香港聯合交易所主板上市的創新型生物醫藥企業(股票代碼:00690.HK),致力於以下一代合成生物學技術與複雜多肽創新,驅動再生醫療發展。本集團聚焦於骨骼/肌肉再生、皮膚再生、眼部再生及耳鼻喉(ENT)再生四大核心研究領域,構建了涵蓋生物創新藥、高值仿製藥與醫療美容等板塊的多元化產品管線。本集團分別於北京、東莞及深圳均設有GMP的生產基地,具備研發、生產及商業化銷售的全鏈條能力。本集團致力於成為再生醫學領域的全球領導者,重新定義科學如何修復與延展人類生命。 如欲了解更多資訊,請聯繫: ir@uni-bioscience.com 2026-03-27 此財經新聞稿由EQS Group轉載。本公告內容由發行人全權負責。瀏覽原文: http://www.todayir.com/tc/index.php
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Behind the 449% Sequential Revenue Growth: Xunce Technology, Accelerates Its Embrace of the Token Economy

EQS Newswire / 27/03/2026 / 18:36 UTC+8 On March 27, 2026, Hong Kong-listed Xunce Technology (03317.HK) released its 2025 annual results, delivering a standout performance that captured market attention. The company achieved full-year revenue of RMB 1.285 billion, representing year-on-year growth of 103.28%, crossing the RMB 1 billion revenue threshold. Adjusted net loss narrowed to RMB 54.85 million, a significant improvement of 33.31% from the previous year. More importantly, the company achieved adjusted net profit of RMB 50.13 million in the second half of 2025, marking its first semi‑annual profitability and confirming a clear inflection point. In terms of growth trajectory, first‑half revenue was RMB 198 million, while second‑half revenue surged to RMB 1.087 billion, a 449.32% sequential increase. This explosive growth closely aligns with the concentrated release of enterprise demand for real‑time data as AI models entered a phase of large‑scale deployment. As the AI industry shifts its focus from "model training" to "inference at scale," the strategic importance of data infrastructure is being fundamentally rewritten. Behind these results lies Xunce Technology's value realization as a core player in AI‑driven real‑time data infrastructure, signaling the arrival of a new era driven by the token economy. Financial Inflection Point: More Than Growth – A Qualitative Shift What makes Xunce's 2025 results particularly compelling is not just the revenue growth, but the simultaneous improvement in profitability and growth trajectory. The shift in profitability carries even greater significance. Full‑year adjusted net loss narrowed to RMB 54.85 million, a 33.41% improvement over 2024. Looking at the second half alone, the company achieved adjusted net profit of RMB 50.14 million – a sharp reversal from the RMB 105 million loss in the first half – marking its first semi‑annual profit. This demonstrates that the company's business model has successfully navigated the transition from scale expansion to profit generation. From a financial structure perspective, as of the end of 2025, total assets reached RMB 3.172 billion, net assets stood at RMB 2.42 billion, and cash and cash equivalents reached RMB 1.084 billion, an increase of approximately 216% year‑on‑year, providing ample "ammunition" for future strategic investments. The asset‑liability ratio was only 1.51%, reflecting minimal leverage and a very solid financial foundation. In terms of operational efficiency, revenue per employee jumped from RMB 1.22 million in 2024 to RMB 2.87 million, an increase of 135.25%, effectively doubling workforce productivity. Customer ARPU also increased from RMB 2.72 million to RMB 5.59 million, up 105.04% year‑on‑year, demonstrating a growing ability to deepen value from each client. Based on these metrics, Guotai Haitong Securities expects the company to achieve full‑year profitability in 2026. Token‑Based Pricing: From Selling Tools to Value Sharing With the arrival of the token era, the role of tokens is undergoing a fundamental shift – they are no longer simply a unit of compute consumption but have become a direct carrier of business value. Xunce's core capability lies in providing vertical AI solutions that act as an "external brain" for general‑purpose large models, ensuring that every token consumed generates a measurable business return. Xunce's solutions are deeply embedded in clients' private clouds and on‑premises systems, acting as a "data hub." Token‑based pricing means the company's revenue is directly tied to clients' AI usage – the more clients use, the more the company earns. Building on this capability, the company is accelerating the evolution of its business model. The results announcement clearly states that Xunce is transitioning from project‑based and subscription models to token‑based pricing, evolving from a traditional tool provider into an "AI Agent enabler." According to the company, token‑based revenue accounted for 5% of total revenue in early 2026, and is expected to reach 20‑30% for the full year. From a financial perspective, this model unlocks three layers of value: first, revenue structure optimization, shifting from one‑time project delivery to recurring service revenue with significantly enhanced predictability; second, improved pricing power, as the company's revenue becomes tied to the value created for clients; and third, expanded profit margins, as project delivery becomes less dependent on headcount, creating room for margin expansion. NVIDIA's "Token Factory Economics" framework is validating this trend at the industry level: competition in the AI inference phase is shifting from "who has more compute" to "who can generate greater business value from each token." Xunce, with its deep expertise in processing high‑quality data across vertical industries, is perfectly positioned at this critical juncture. Strategic Depth: From Asset Management to Robotics and Commercial Aerospace Xunce started in the asset management industry – one of the most demanding sectors in terms of data real‑time requirements and regulatory compliance – where it holds the largest market share, covering the top 10 asset management institutions in China. It was precisely in this high‑concurrency, low‑latency, strong‑consistency environment that Xunce built its full‑stack AI Data Agent technology system, covering everything from data acquisition, cleaning, and standardization to real‑time computation and large model tuning, establishing a core technological moat in millisecond‑level real‑time data processing. In 2025, the company accelerated the replication of this capability across other industries, including telecommunications, power, energy, urban operations, high‑end manufacturing, and healthcare. The share of revenue from non‑asset management businesses increased further from 61.3% in 2024 to 79.6%, reflecting a more diversified business mix. By year‑end, the company had developed over 300 data modules, enabling rapid adaptation to different industry needs through modular combinations and significantly reducing the marginal cost of cross‑industry expansion. More forward‑looking is the company's expansion into two frontier areas: robotics data platforms and commercial aerospace. These scenarios, which demand extreme real‑time performance and reliability, serve both as a testing ground for technical capabilities and as an early entry into high‑growth future markets. In addition, the company plans to steadily advance its global expansion and actively establish strategic partnerships with leading domestic and international compute providers and algorithm companies, building an integrated ecosystem that coordinates compute, algorithms, and data. Valuation Undervaluation: Value Discovery for a Token Stock in Hong Kong In March 2026, Xunce Technology was officially included in the Hang Seng Composite Index. Once it becomes eligible for the Stock Connect program, liquidity is expected to improve significantly. Currently, the company's PS ratio is about 40x, as the token‑based business model accelerates, the company's valuation offers significant room for upside, with the potential to align with large model companies such as Minimax and Zhipu. Against the backdrop of the 15th Five‑Year Plan, which explicitly calls for "building a new form of intelligent economy" and deepening "AI+," demand for real‑time data infrastructure in the AI inference era is only just beginning. Xunce has demonstrated the explosive potential of growth through its revenue doubling, validated the sustainability of its model through its second‑half profitability, and opened up a new valuation narrative in the token economy through its upgrade to token‑based pricing. 27/03/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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Amap Street Stars Launches Macao Authentic Delicacies Ranking to Drive Cultural-Tourism Innovation in the Greater Bay Area

EQS Newswire / 27/03/2026 / 16:02 UTC+8 Sands China, Amap and Macau Pass Sign Strategic Cooperation Memorandum to inject new vitality into Macao’s development as a City of Gastronomy (27 March 2026, Macao) Amap and Macau Pass held the “Macao City Life Launch Event” at The Londoner® Macao on March 27. The event was co-organized by Sands China Ltd. and supported by the Macao Government Tourism Office. Meanwhile, Amap, Macau Pass, and Sands China held a signing ceremony for a tripartite strategic cooperation memorandum. At the event, Amap unveiled the world’s first citywide “Flying Street View” and, together with Macau Pass, launched the “Macao Authentic Delicacies” Ranking and the “Macao City Life Support Program”. These initiatives aim to leverage AI and digital technologies to deepen the integration of culture and tourism across the Guangdong-Hong Kong-Macao Greater Bay Area, setting a new benchmark for high-quality development in the regional service sector. Maria Helena de Senna Fernandes, Director of the Macao Government Tourism Office, said Macao is stepping up efforts to integrate tourism and gastronomy, making the debut of Amap Street Stars in the city—its first stop in the Greater Bay Area—particularly meaningful. “The newly launched ‘Macao Authentic Delicacies’ Ranking will help visitors discover distinctive local businesses with greater precision and further unlock tourism spending,” she said. “Macao will continue working with all sectors to advance the high-quality development of its tourism industry.” Photo caption: “Macao City Life Support Program” Officially Launched Real Data Builds Trust, Helping Visitors Discover Macao Through Food Macao recorded over 40 million visitor arrivals in 2025, reaching a new high. To help travelers better explore the city through its culinary offerings, Amap and Macau Pass introduced the “Macao Authentic Delicacies” Ranking, covering six categories: popular dim sum restaurants, specialty dessert shops, wok-hei eateries, street-side noodle shops, local milk tea and coffee spots, and neighborhood cha chaan tengs—offering a comprehensive view of Macao’s diverse food scene. Unlike conventional rankings that rely on subjective reviews or commercial promotion, Amap Street Stars operates on a “vote with their feet” mechanism, drawing on large volumes of real navigation and in-store visit data to create a credible, data-driven evaluation system for offline services. This approach captures the essence of Macao as a "City of Gastronomy," helping visitors discover the distinctive flavors hidden in the alleyways and rich with local spirit—so travelers can truly taste authentic Macao in every choice they make. In Macao, the rankings currently cover 985 merchants, with 96 restaurants, attractions, and hotels selected for the top-tier “Champion List.” The rankings are also integrated with major attractions and curated “Citywalk” routes via a newly launched “Explore Macao with Amap Street Stars” page—creating a seamless, one-stop experience that connects discovery, decision-making, navigation, and in-store visits. World’s First Citywide “Flying Street View”: Technology Enhances the Cultural Tourism Experience Another highlight of the event was the launch of Amap’s citywide “Flying Street View” in Macao, powered by its self-developed world model. This feature allows users to explore 360-degree aerial views of the city and preview landmarks such as the Ruins of St. Paul’s and St. Dominic’s Church, while virtually navigating neighborhoods to experience local shops and street life. It is designed to simplify trip planning and significantly reduce the time and effort required to decide where to go. The feature also provides merchants with a powerful new way to showcase their businesses, helping improve customer conversion. Pastelaria Yeng Kee, a heritage brand with a 98-year history, reported a 23% increase in average daily sales at its Rua das Estalagens location after adopting the feature. Similarly, local brand Matcha Macau leveraged Amap’s digital location tools and in-store reservation features to address map positioning inaccuracies and customer loss caused by overlapping street names, successfully attracting more visitors from the Chinese mainland. “Macao City Life Support Program” Aims to Help Quality Merchants Get Seen Since the launch of Amap Street Stars in September 2025, the platform has driven over 380 million visits to restaurants, attractions, and hotels across the Greater Bay Area’s 11 cities. During the 2026 Chinese New Year holiday, Macao welcomed an average of 114,000 daily visitors from the Chinese mainland, with Zhuhai, Guangzhou, and Shenzhen contributing the largest shares—highlighting the impact of the Greater Bay Area’s “one-hour living circle” on Macao’s tourism growth. To help merchants capture this growing demand, Amap and Macau Pass jointly launched the “Macao City Life Support Program,” focusing on well-known brands, heritage shops, and quality neighborhood businesses. The program provides support through four key initiatives: First, it builds “AI-powered digital storefronts”, using Flying Street View and AI service tools to help merchants improve efficiency and increase revenue. Second, it provides operational tools and professional offline training to enhance digital capabilities. Third, it invests millions in consumer vouchers and delivers tens of millions of traffic exposure to help merchants turn traffic advantage into order growth during peak travel seasons. Fourth, it collaborates with Amap’s “Authentic Explorer” influencers to create high-quality content and amplify brand visibility. Amap and Macau Pass Join Forces with Sands China to Boost Macao's Cultural-Tourism Industry with Digital Technology At the event, Amap, Macau Pass, and Sands China signed a strategic cooperation memorandum to further bolster the digital transformation of Macao’s cultural tourism industry. As a leading integrated resort operator in Macao, Sands China integrates its newly launched Sands Lifestyle membership platform into Amap’s digital ecosystem. The partnership will focus on brand marketing, smart navigation, and the digital upgrade of commercial districts. Sands China has long placed strong emphasis on the development of its F&B segment, with over 150 restaurants that range from fine dining to regional specialties. Looking ahead, Sands China will further integrate with Amap’s digital ecosystem to create a seamless, one-stop smart experience—from precise online outreach to immersive offline experiences. Dr. Wilfred Wong, Executive Vice Chairman of Sands China Ltd., said: " We are honored to be the first integrated resort operator in Macao to establish such a deep partnership with Amap. This partnership marks an important step toward empowering our dining offerings with digital technology and support the broader development of Macao’s culinary industry. Sands China will continue to deepen its digital practices, enabling visitors to explore the culinary delights of Sands China and Macao through smart technology, while injecting new momentum into Macao’s development as a Creative City of Gastronomy." Guo Ning, CEO of Amap, said “Street Stars was created to build a trusted offline service ecosystem based on real consumer choices. By enabling users to ‘vote with their feet,’ we aim to ensure that quality businesses receive the recognition they deserve. Meanwhile, this partnership marks the deep integration of Amap’s digital capabilities with Macao’s cultural tourism industry. In the future, we plan to expand cooperation into more areas and look forward to working with our partners to transform Macao’s unique appeal into measurable and shareable trust assets, setting a new model for tourism innovation across the Greater Bay Area.” As a key driver of Macao’s digital transformation, Macau Pass is leveraging over 20 years of experience in local consumer services together with Amap’s AI-powered mobility solutions. The collaboration makes it easier for visitors to discover specialty merchants on digital maps while streamlining payments to enhance customer conversion. Sun Ho, Chairman and CEO of Macau Pass, stated that the partnership with Amap and Sands China aims to harness digital technology to support local businesses, showcase Macao’s unique charm to more visitors, and invigorate the city’s economic vitality. Photo caption: Signing Ceremony of the Tripartite Strategic Cooperation Memorandum between Guo Ning, CEO of Amap; Dr. Wilfred Wong, Executive Vice Chairman of Sands China Ltd.; and Sun Ho, Chairman and CEO of Macau Pass. ### About Sands China Ltd. Sands China is the largest operator of integrated resorts in Macao. The Company’s integrated resorts on the Cotai Strip comprise The Venetian® Macao, The Plaza® Macao, The Parisian® Macao and The Londoner® Macao. The Company also owns and operates Sands® Macao on the Macao peninsula. The Company’s portfolio features a diversified mix of leisure and business attractions and transportation operations, including large meeting and convention facilities; a wide range of restaurants; shopping malls; world-class entertainment at The Venetian Arena, The Londoner Arena, The Venetian Theatre, The Parisian Theatre, the Londoner Theatre and the Sands Theatre; and a high-speed Cotai Water Jet ferry service between Hong Kong and Macao. The Company’s Cotai Strip portfolio has the goal of contributing to Macao’s transformation into a world centre of tourism and leisure. For more information, please visit www.sandschina.com. About Amap China's leading provider of digital map, navigation, real-time traffic information and lifestyle services Founded in 2002, Amap is a leading provider of digital map, navigation, real-time traffic information and lifestyle services in China. With a focus on "promoting technological innovation and advancing with the ecosystem," Amap has evolved into an integrated one-stop travel and lifestyle service platform. The platform provides various transportation services covering driving, ride-hailing, buses, subways, cycling, walking, trains, and flights, as well as quality lifestyle services including dining, hotel & travel, and gas/charging. Amap is dedicated to building a new offline service credit system based on users voting with their feet. Amap will continue to develop public welfare initiatives such as barrier-free transportation and eco-friendly transportation, which have received positive recognition from the industry and users. About Macau Pass Group Holdings Limited Macau Pass Group Holdings Limited is a diversified group company engaged in various fields, including financial technology, payment services, local lifestyle services, tourism services, and cultural performances. Macau Pass Group is committed to continuous innovation and development, aiming to serve as a bridge connecting Macao with the world and promoting the common prosperity of the regional economy and culture. One of subsidiaries of Macau Pass Group, Macau Pass S.A, has issued the first contactless smart electronic payment card in Macao, the mCard, with a cumulative issuance exceeding five million cards, meeting the payment needs of all residents and tourists at nearly 30,000 payment points in Macao. Its sub-brand, MPay, registered users accounting for over 90% of the total local population and is also the local app with the highest daily active users in Macao. Macau Pass Group also operates a highly recognized and utilized membership points system in Macao, mCoin, which has partnered with various cultural, sports, and exhibition events. mPass integrates a variety of one-stop local services, providing consumers visiting Macao with a diverse range of products and services, including dining, cultural entertainment, transportation, shopping, and travel vacations, taking consumers to explore the vibrant life in Macao. Media contacts: Public Relations, Sands China Ltd. Dan Li Tel: +853 8118 2056 Email: dan.li@sands.com.mo Public Relations, Amap Song Guangping Email: songguangping.sgp@alibaba-inc.com Public Relations, Macau Pass Group Holdings Ltd. May Email: myt455242@alibaba-inc.com 27/03/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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Yip’s Chemical Announces 2025 Annual Results; Profit Attributable to Owners Increased to HK$137 million; Proposed Final Dividend of HK12 Cents per Share

EQS Newswire / 26/03/2026 / 22:23 UTC+8 【For Immediate Release】 26 March 2026 Yip’s Chemical Announces 2025 Annual Results Effective Business and Product Portfolio Improvements Driving Gross Margin and Profit Growth Profit Attributable to Owners Increased to HK$137 million Proposed Final Dividend of HK12 Cents per Share Highlights: Confronted with global economic uncertainties, slowing domestic growth and mounting pressures from industry “involution”, the Group recorded a revenue of HK$2.99 billion and sales volume of 240,000 metric tonnes, representing year-on-year declines of 5.3% and 9.3% respectively. Through deepened focus on niche industry segments, product portfolio optimisation and enhancement of technology and services, coupled with the benefit of stable raw material prices, gross profit margins of the coatings and inks businesses improved over the preceding year. Overall gross profit margin of the Group rose to 25.4%, representing a year-on-year increase of 1.9 percentage points. Solvents associate company’s export sales grew strongly, driving its sales volume to a historical high of 1,800,000 metric tonnes. Though impacted by industry “involution” with margins and profits contracting, it still contributed a return of HK$79.4 million to the Group, compared with HK$96.0 million in the preceding year. Benefiting from the sustained refinement of the Group’s business and product portfolio and the effective implementation of stringent cost controls, profit attributable to owners substantially increased by 41.8% year-on-year to HK$137 million. Gearing ratio continued to be at a relatively low level of 13.4%, enhancing the flexibility of future investments in new growth projects. In the year under review, the Group completed the acquisition of approximately 60% stake in “Sino-Hypro”, and entered into the chemical vapour recovery and treatment market, providing a new growth engine for the Group. The Board recommended payment of a final dividend of HK12 cents per share. Total dividends for the year amounted to HK16 cents per share, representing a 14.3% increase as compared to the preceding year. (Hong Kong, 26 March 2026) Yip’s Chemical Holdings Limited (SEHK: 00408) (“Yip’s Chemical” or the “Company”, together with its subsidiaries collectively referred to as the “Group”) today announced its annual results for the year ended 31 December 2025 (the “year under review”). During the year under review, the operating environment remained volatile and fraught with unprecedented uncertainty. Together with weak domestic demand in the Chinese Mainland and the severe industry “involution”, the Group’s core businesses faced considerable sales pressure. Nevertheless, margins benefited from stable raw material prices and the effectiveness of the Group’s sustained cost-control measures. The Group recorded revenue of HK$2.99 billion, representing a mild decrease of 5.3% year-on-year. Overall gross profit margin improved to 25.4%, up 1.9 percentage points from last year, while profit attributable to shareholders rose to HK$137 million, representing a year-on-year increase of 41.8%. The Board recommended the payment of a final dividend of HK12 cents per share (2024 final dividend: HK11 cents per share). The Group’s cash flow and gearing ratio continued to improve and remained at healthy levels, providing greater flexibility to support future investments in new growth projects. In December 2025, the Group completed the acquisition of approximately 60% equity interest in Beijing Sino-Hypro Petrochemical Tech. Co., Ltd. (“Sino-Hypro”), a leading enterprise in chemical vapour recovery and treatment in the Chinese Mainland, marking Yip’s Chemical’s formal entry into a high‑technology and sustainability‑driven chemical vapour treatment field. Mr. Ip Chi Shing, Chairman of Yip’s Chemical, expressed, “Despite the challenging macro environment, I remain cautiously optimistic about the business outlook for 2026. In 2025, the Group successfully advanced two significant business expansion initiatives, further strengthening our long‑term competitiveness and unlock growth potential. First, the Group’s solvents associate, Handsome Chemical, has completed and commissioned its new plant in Hubei with an annual capacity of 600,000 metric tonnes of acetic acid and 600,000 metric tonnes of acetates. The new facility will continue to generate economies of scale, enhance competitiveness, and is expected to deliver steady growth in its contribution to the Group’s profitability. In addition, through close collaboration and complementary strengths with Sino-Hypro, this new business is expected to accelerate its development and become an important new member of the “leading development platform for chemical businesses” that Yip’s Chemical has been dedicated to establishing in recent years.” Chairman Ip added, “In the current macroeconomic environment, the Group will continue to uphold a prudent and steady approach, implement comprehensive cost‑reduction and efficiency‑enhancement measures, and consistently strengthen our operational efficiency and competitiveness. While driving the sustainable and healthy growth of our core businesses, we will also actively introduce high‑quality enterprises with technological capabilities and growth potential to join the Yip’s platform, thereby building a diversified and synergistic business portfolio. This will lay a solid foundation for the vision of a “Towards a Century of Revered Leadership” and create long‑term and stable return for shareholders and stakeholders.” Business Review and Outlook Coatings During the year under review, the Chinese Mainland property market showed little signs of recovery and affected by sluggish transactions in both new and existing projects, the architectural coatings business continued to face pressure in a challenging operating environment. Although the Group made efforts to expand its distributors’ network, declining demand for architectural coatings led to a drop in sales volume. As a result, the Group’s coatings business recorded a decline of 14.7% to 157,000 metric tonnes in sales volume and a mild decline of 5.3% to HK$1.38 billion in sales revenue, respectively. The industrial coatings business, as a niche segment, achieved substantial increase in sales through effective product portfolio management and the launch of products that receive high market recognition, including coatings for customised wooden furniture and functional coatings for plastic substrates. Meanwhile, resins business continued to conduct research and development of products related to automotive coatings and protective coatings, leading to growth in both sales revenue and profit. The coatings business recorded a gross profit margin of 29.8%, an increase of 3.6 percentage points compared to that of the preceding year. The segment results increased substantially by 623% to HK$52.2 million. In the coming year, the Group will leverage the momentum of the development of industrial coatings and resin products, allocating additional resources to focus on driving the growth of these business segments. The Group’s production base in Vietnam is expected to commence operations in the second quarter of 2026, enabling better service to customers across Southeast Asia in the future. In addition, the Group is also actively pursuing mergers and acquisitions of entities with technological capacities to accelerate its development. In the architectural coatings sector, the Group will focus on domestic market and adopt more pragmatic promotional strategies and in collaboration with distributors across the country to develop a more extensive online-and-offline store network to further expand market coverage. Inks During the year under review, the Group’s inks business recorded a revenue of HK$1.32 billion, representing a slight decrease of 3.3% compared to that of the preceding year. Amid a highly competitive environment, the inks business continued to gain recognition from major printing enterprises in the Chinese Mainland by offering cost-effective products and services, resulting in increased sales volume. With expanded sales volume enabling effective cost allocation and raw material prices remaining relatively low, the gross profit margin rose by 1.1 percentage points to 21.6%. However, under the pressure from overall economic environment, certain customers encountered operational difficulties, resulting in a substantial bad debt provision during the year under review. Therefore, the inks business recorded a segment profit of HK$46.3 million, representing a decrease of 40.1% compared to that of the preceding year. Looking ahead to the coming year, we will continue to fortify its strengths in packaging printing inks, further expand market share and remain attentive to potential merger and acquisition opportunities involving technology-driven inks enterprises in the market to accelerate development. Lubricants During the year under review, revenue from the lubricants business decreased by 12.4% to HK$284 million, and the gross profit margin dropped by 1.2 percentage points to 22.1%. This segment recorded a profit of HK$6.5 million, representing a decrease of 31.6% compared to that of 2024. The demand for automotive lubricants was impacted by the overall industry “involution”, thereby exerting pressure on the selling prices, gross profit and profits of “Hercules” lubricants. Looking ahead, the Group will steadily grow the sales volume of automotive lubricants by continuously optimising its product portfolio and prudently investing in the development of niche segments within the industrial lubricants market, so as to create new growth drivers for the lubricants business. Investment in Solvents Associate The Group retains a 24% effective stake in “Handsome Chemical”, the largest acetate solvents company in the world. The solvents associate recorded a strong growth of 17.2% in sales volume in 2025, reaching a historical high of 1,800,000 metric tonnes of acetates. In particular, the sales volume of exports reached approximately 760,000 metric tonnes, which served as the major force of growth. Meanwhile, it maintained effective cost control and delivered a return of HK$79.4 million to the Group during the year under review, compared with HK$96.0 million in the preceding year. Its new acetic acid and acetates solvents plant in Hubei commenced full-scale production in the second half of 2025, boosting output of acetic acid and acetate solvents, progressively realising the benefits of vertical integration and economies of scale. Under the effective leadership of the associate’s management team and in collaboration with our business partners “PAG” and “Qisheng”, the business is expected to continue its prosperous trajectory. Investment in Sino-Hypro In December 2025, the Group successfully completed the acquisition of approximately 60% equity interest in Sino-Hypro, signifying Yip's Chemical's entry into the chemical vapour recovery and treatment industry. The subsidiary not only creates new growth driver for the Group, but also contributes meaningfully to China’s environmental governance through its chemical vapour treatment technologies. With the management team and the original shareholders working in close partnership, and by combining Sino-Hypro’s strong technological foundation and Yip’s Chemical’s operational expertise, the Group is confident that the subsidiary is well-positioned for sustainable and promising development. Mr. Ip Kwan, Francis, Chief Executive Officer of Yip’s Chemical, concluded, “Over the past few years, the management team has continued to strengthen the market positions of our core businesses, gradually establishing a solid profit base for the Group. Looking ahead, in addition to driving organic growth of our core businesses, we will strive to enhance the operational efficiency of Sino-Hypro, with the aim of cultivating it into a key growth engine for the Group. Simultaneously, we are actively seeking strategic investment and acquisition opportunities that align with Yip’s Chemical’s long‑term development direction, including those create synergies with our core coatings and inks businesses, thereby accelerating the development of “a leading development platform for chemical businesses”. We believe these initiatives will further consolidate profit growth, add new dimensions to the businesses and drive the Group towards a successful future.” End - About Yip’s Chemical Holdings Limited (Incorporated in the Cayman Islands with limited liability) Founded in 1971 and listed on the Main Board of Hong Kong Stock Exchange (SEHK: 00408) since 1991, Yip’s Chemical has been dedicated to the chemical industry for more than half a century. The Group’s long-term vision is to become “a leading development platform for chemical businesses” driven by green, innovative technology, professional services and highly respected brands that enrich people’s lives. The Group’s core businesses include inks, industrial and architectural coatings, specialty resins, lubricants and chemical vapour recovery and treatment. The core businesses have established leading positions in China in their respective sectors. “Bauhinia Variegata” is the largest inks manufacturer in China; “Hang Cheung” coatings holds a leading position in China’s high-end plastic coatings segment; Bauhinia Advanced Materials Group also operates well-known brands including “Bauhinia” and “Camel” paints as well as “Da Chang” polymers; “Hercules” and “Pacoil” lubricants rank among the market leaders; “Sino-Hypro” is recognised as a leading enterprise in chemical vapour recovery and treatment in China. The Group is also a core investor in “Handsome Chemical”, the world’s largest acetate solvents producer. Leveraging its stable shareholder structure, extensive nationwide manufacturing and sales network, and a dynamic portfolio of strong businesses, the Group has built a robust foundation in the domestic chemical industry. Going forward, the Group will drive sustainable innovation in chemical operations and accelerate the development of a more scalable and resilient platform. Learn more about Yip’s Chemical on: www.yipschemical.com Media and Investor Enquiries Yip’s Chemical Holdings LimitedMs. Wing So Tel:(852) 2675 2385 Email:wing.so@yipschemical.com Fax :(852) 2675 2345 DLK Advisory Limited Ms. Michelle Shi Tel: (852) 2854 8711 Email: michelleshi@dlkadvisory.com Ms. Kathleen Mui Tel: (852) 2854 8727 Email: kathleenmui@dlkadvisory.com File: 408_2025AR_Press Release_EN_20260326 26/03/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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葉氏化工公佈2025全年業績 業務組合和產品升級成效彰顯 驅動毛利率與純利增長; 股東應佔純利增加至1.37億港元; 派發期末股息每股12港仙

EQS 新聞 / 2026-03-26 / 22:23 UTC+8 【即時發佈】 2026年3月26日 葉氏化工公佈2025全年業績 業務組合和產品升級成效彰顯 驅動毛利率與純利增長 股東應佔純利增加至1.37億港元 派發期末股息每股12港仙 摘要: 面對環球經濟的不明朗因素,國內經濟增長放緩及行業「內捲」的壓力,集團錄得營業額29.9億港元及銷量24萬噸,同比分別下跌5.3%及9.3%。 透過深耕行業細分領域、優化產品組合、提升產品技術與服務,同時受惠於原料價格穩定,塗料及油墨業務的毛利率均較去年改善,令集團整體毛利率上升至25.4%,同比增加1.9個百分點。 溶劑聯營公司出口銷量增長理想,帶動該業務銷量創歷史新高至180萬噸。惟受「內捲」衝擊導致邊際利潤受壓及利潤收縮,仍為集團貢獻7,940萬港元的溢利,去年貢獻溢利為9,600萬港元。 有賴持續深化上述業務和產品佈局,加上嚴控營運成本見效,股東應佔純利較去年大幅增加41.8%至1.37億港元。 集團借貸比率繼續維持在13.4%的較低水平,令未來投資新增長項目更具靈活性。 年內完成收購「信諾海博」約60%股權,進入化學氣體回收及治理行業,為集團注入新增長引擎。 董事會建議派發期末股息每股12港仙,全年股息每股16港仙,較去年增加14.3%。 (2026年3月26日 – 香港) 葉氏化工集團有限公司 (港股代號: 00408) (「葉氏化工」或「公司」,連同其附屬公司統稱 「集團」) 宣佈其截至2025年12月31日止之全年(「回顧年度」)業績。 回顧年度內,經營環境持續震盪及充滿前所未有的不確定性,加上中國內需疲弱及行業「內捲」情況嚴峻,集團核心業務在銷售方面承受相當壓力;然而,邊際利潤受惠於原材料價格穩定,以及本集團長期堅持成本管控所產生的成效,集團錄得營業額29.9億港元,較去年同期輕微下滑5.3%。整體毛利率則上升至25.4%,同比增加1.9個百分點,股東應佔純利則大幅增至1.37億港元,比去年同期提升41.8%。董事會建議向集團全體股東派發期末股息每股12港仙(2024年期末股息:每股11港仙)。 本集團的現金流及借貸比率持續改善,繼續維持於健康水平,為未來投資新增長項目提供更多靈活性。集團於2025年12月完成收購一家國內領先的化學氣體回收及治理企業「信諾海博」約60%股權,標誌葉氏化工正式進軍高技術含量且具可持續發展潛力的化學氣體治理領域。 葉氏化工主席葉志成先生表示:「雖然宏觀環境仍然充滿挑戰,但本人對2026年的業務前景保持審慎樂觀。集團於2025年成功推進兩項重要業務拓展,將進一步鞏固我們的長遠競爭優勢並開拓增長潛力。首先,溶劑聯營公司『謙信化工』位於湖北的年產60萬噸醋酸及60萬噸醋酸酯新廠已順利投產,並將持續釋放規模效應以增強競爭力,預期對集團盈利的貢獻帶來穩健的增長。此外,透過與信諾海博的合作及優勢互補,將推動此新業務加速壯大,使其成為葉氏近年致力構建的『精美的化工企業發展平台』的重要新成員。」 葉主席續道:「在當前宏觀環境下,集團將繼續秉持穩健為本的原則,堅定推進降本增效,不斷提升營運效率及競爭力。一方面推動核心業務持續健康增長,同時積極引入具技術含量與發展潛力的優質企業,共同構建多元發展的葉氏平台,為『百年葉氏』奠定紮實的基礎,並為股東及持份者創造長期而穩定的回報。」 業務回顧及展望 塗料 回顧年度內,中國内地房地產市場未見復蘇及受新老樓盤交易不振的影響,建築塗料業務在嚴峻的經營環境下持續受壓。 雖然集團努力擴充經銷商網絡,但建築塗料的需求減少致銷量下滑。令集團塗料業務的銷量減少14.7%至15.7萬噸,而營業額輕微下跌5.3%至13.8億港元。工業塗料作為細分市場的塗料,憑藉優化產品組合及推出市場認受性高的產品,包括木器定制家具塗料及以塑料為底材的功能性產品,令工業塗料實現可觀的銷售增長。同時,樹脂業務繼續研發汽車塗料與防腐塗料相關的產品,提升銷售額及利潤。塗料業務錄得毛利率29.8%,較去年上升3.6個百分點。分類業績大幅上升623%至5,220萬港元。 來年,集團將善用工業塗料和樹脂的發展勢頭,聚焦資源推動該板塊的業務增長。集團在越南的生產基地預計在2026年第二季度投產,加強對東南亞客戶的服務。此外,集團正積極尋找具技術含量的併購,加快發展步伐。在建築塗料方面,未來將於存量市場透過更接地的推廣方法,聯同全國各地經銷商夥伴開發更多線上線下商店網絡,進一步拓展市場。 油墨 集團油墨業務在回顧年度錄得營業額13.2億港元,較去年輕微下降3.3%。油墨業務在競爭激烈的環境,繼續透過高性價比的產品與服務,贏得國内大型印刷企業的認同,銷量增長令成本得到更有效的攤分,加上原材料價格處於比較低的水平,因此毛利率上升1.1個百分點,達到21.6%。可惜受整體經濟環境壓力影響,個別客戶經營不善,回顧年度產生較大額的壞賬計提,導致最終油墨業務錄得分類溢利4,630萬港元,較去年下降40.1%。展望來年,我們將繼續鞏固包裝印刷油墨的優勢,拓展市場份額,並持續關注市場上技術型油墨企業的併購機會,加速發展。 潤滑油 於回顧年度,潤滑油業務營業額下滑12.4%至2.84億港元,毛利率下跌了1.2個百分點至22.1%。該業務錄得溢利650萬港元,對比去年同期下滑31.6%。汽車用潤滑油需求受到整體「内捲」情況影響,因此「力士」潤滑油售價、毛利及利潤受壓。未來,集團將穩步發展汽車潤滑油銷量,持續改善潤滑油產品組合,並審慎投資在開拓細分領域的工業油市場,為潤滑油業務增加亮點。 投資於溶劑聯營公司 集團持有全球最大的醋酸酯類溶劑公司「謙信化工」的24%實際權益。於2025年,溶劑聯營公司的銷量強勁增長17.2%,達到180萬噸醋酸酯的歷史新高。出口銷量達到約76萬噸,成為主要的增長支撐。同時,該聯營公司持續有效控制成本,溶劑聯營公司於回顧年度為集團帶來7,940萬港元的回報,去年貢獻溢利為9,600萬港元。溶劑聯營公司位於湖北的新醋酸及醋酸酯工廠已經在2025年下半年正式投產,醋酸及醋酸酯產量提升,產品垂直整合及規模效應逐步呈現。在合營企業管理團隊的高效領導下,連同與業務夥伴「太盟」及「啟盛」的合作,我們預期溶劑業務繼續有良好的發展態勢。 投資於信諾海博 集團在2025年12月成功完成收購信諾海博約60%股權,葉氏化工正式進入化學氣體回收與治理的行業。該附屬公司一方面為集團注入新的增長點,同時,其處理化學氣體的技術對於中國的環境治理作出實質的環保貢獻。管理層和原始股東將緊密合作,充分發揮信諾海博強勁的技術基礎和葉氏化工的運營經驗,深信該附屬公司將有良好的發展前景。 葉氏化工行政總裁葉鈞先生總結:「過去數年,集團管理層持續鞏固核心業務的市場地位,逐步建立相對穩健的盈利基礎。展望未來,除了推動核心業務的自然增長,我們將全力提升新業務信諾海博的運營效益,培育成為集團重要的增長引擎。同時,集團亦積極在外物色符合葉氏化工未來發展的策略性投資及併購機會,包括與塗料及油墨等核心業務具協同效應的機會,以加快『精美的化工企業發展平台』的發展速度。我們相信這些舉措將進一步鞏固利潤增長,為業務增添新動力,推動集團邁向成功的未來。」 完 - 有關葉氏化工集團有限公司 (於開曼群島註冊成立之有限公司) 葉氏化工創立於1971年並於1991年在香港聯合交易所主板上市(股份代號:00408)。專注於化工行業逾半世紀,集團的願景是成為「精美的化工企業發展平台」,憑藉旗下企業超前的環保產品與技術、專業的服務以及高美譽度的品牌,不斷為人民生活添加活力。 集團的核心業務涵蓋油墨、工業及建築塗料、特殊樹脂、潤滑油及化學氣體回收與治理業務,已在中國精細化工及環境治理領域奠定領先地位。旗下「洋紫荊」油墨是中國最大油墨製造商;「恆昌」塗料在中國高端塑膠塗料市場處於領先地位;紫荊花新材料集團亦同時營運「紫荊花」、「駱駝漆」及「大昌樹脂」等知名品牌;「力士」及「博高」潤滑油亦位處市場前列;「信諾海博」為中國領先的化學氣體回收及治理企業。 葉氏化工同時為全球最大醋酸酯溶劑企業「謙信化工」的核心投資者。 葉氏化工依托穩健的股東架構、覆蓋全國的生產與營銷網絡,以及多元而強大的業務組合,長期深耕中國市場,累積穩固的產業資源與營運基礎。集團將持續推動綠色創新化工業務,並加速構建更具規模與穩健的平台。 如欲瞭解更多,請到訪: www.yipschemical.com 傳媒及投資者垂詢 葉氏化工集團有限公司蘇麗穎小姐 電話:(852) 2675 2385 電郵:wing.so@yipschemical.com 傳真:(852) 2675 2345 金通策略有限公司 施謐修小姐 電話:(852) 2854 8711 電郵:michelleshi@dlkadvisory.com 梅穎珊小姐 電話:(852) 2854 8727 電郵:kathleenmui@dlkadvisory.com 文件: 408_2025AR_Press Release_TC_20260326 2026-03-26 此財經新聞稿由EQS Group轉載。本公告內容由發行人全權負責。瀏覽原文: http://www.todayir.com/tc/index.php
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赤子城科技2025年業績高增長:總營收近70億元人民幣,同比增長超過35%

EQS 新聞 / 2026-03-26 / 22:07 UTC+8 [2026年3月26日 – 香港] 領先的全球化社交娛樂公司 – 赤子城科技有限公司(「赤子城科技」或「本公司」,股份代號:9911;連同其附屬公司統稱「本集團」)發布2025年年全年業績公告。截至 2025 年 12 月 31 日止年度,公司總收入達 68.9 億元(人民幣,下同),同比增長 35.3%;利潤達 9.6 億元,同比增長 22.3%;公司歸母淨利潤 9.3 億元,同比大幅增長 94.6%;經調整 EBITDA 為 12.1 億元,同比增長 26.1%。 分業務線看,公司社交業務貢獻主要收入,旗艦產品 SUGO及TopTop 持續爆發,MICO及YoHo 穩定貢獻收入及利潤;創新業務收入同比顯著增長59.3%,精品遊戲、社交電商穩健快速發展,短劇業務亦初見成效。 分市場看,中東北非市場持續展現強勁商業潛力;同時,公司在非 MENA 市場的拓展速度明顯加快,在拉美、日本等區域均取得積極進展。 社交業務壁壘加深,創新業務高速成長 2025 年,公司社交業務保持高速增長,收入達61.4 億元,同比增長 32.9%。其中,陪伴社交平台 SUGO 和遊戲社交平台 TopTop 表現突出,利潤同比增長雙雙超100%;收入方面,SUGO 同比增長超過 80%,TopTop 同比增長超過 70%。此外,直播社交平台 MICO、語音社交平台YoHo 在細分賽道持續鞏固優勢,穩定貢獻收入及利潤。 在陪伴社交賽道,SUGO 已成為全球範圍內備受矚目的標杆型產品;TopTop 則憑藉 UGC 生態優勢,在沙特阿拉伯等中東北非部分市場逐步成長為「國民級應用」,並榮獲 Sensor Tower APAC Awards 「最佳社交遊戲平台」獎項。根據 Sensor Tower 數據,TopTop 和 SUGO 分別位列 2025 年中東社交網絡收入排行榜第 5 位和第 6 位。 作為公司首款社交產品,MICO 在中東北非、東南亞等市場繼續保持直播社交賽道領先位置,語音社交平台 YoHo 亦穩居中東北非語音社交市場第一梯隊。點點數據顯示,2025年 YoHo 多次進入沙特阿拉伯、阿曼、阿聯酋等市場 Google Play 社交應用暢銷榜前 10 位。 同時,公司多元人群社交業務亦穩步發展。全球化多元人群社區 HeeSay 在優勢市場東南亞的影響力穩步加深,穩居泰國、越南等國家 App Store 社交應用暢銷榜TOP10。 年內,公司創新業務收入達7.5 億元,同比增長 59.3%,與社交業務共同推動公司業績穩步增長。其中,旗艦遊戲進入長線運營階段,新遊戲開發布局順利;社交電商平台荷爾健康穩健快速發展,在 HIV 防治及性健康服務領域的領先地位進一步鞏固。與此同時,公司積極投入的短劇業務亦取得初步成果。 全球化布局加速,非 MENA 市場取得積極進展 2025 年,赤子城科技的全球化拓展步伐顯著加快。年內,公司持續鞏固在中東北非、東南亞等優勢市場的競爭壁壘。2025 年,公司核心產品在中東北非市場的業務規模同比增長近 50%。此外,公司在拉美、東亞、歐洲等新市場亦取得積極進展,全球業務版圖加速擴大。 在拉美地區,SUGO 貼合本地用戶特點與行業生態,持續調試產品和運營策略,業務增長勢頭強勁,年末單月流水較年初增長超 300%,成為該區域社交娛樂市場的重要參與者。Sensor Tower 數據顯示,SUGO 位列 2025 年拉美地區社交網絡收入榜第 19 位。 在東亞地區,TopTop 憑藉獨特的產品定位和精準的本地化策略,成功進入日本這一高門檻市場,並取得初步的商業化成果。點點數據顯示,TopTop 於2025年11月躋身日本App Store 遊戲免費排行榜第 6 名。 與此同時,公司在歐洲等市場的布局亦穩步推進,全球化版圖持續擴大。在日韓、北美等高價值新市場,公司亦在調整產品、深化用戶洞察,探索用戶規模與商業價值的更大空間。 2025年6月,赤子城科技全球總部正式落地香港,標誌著公司全球化戰略邁入新階段。未來,公司將充分發揮香港全球總部的樞紐作用,與全球各地研發中心、運營中心緊密協同,進一步完善全球化布局。 AI 加速落地,形成全鏈路能力「放大器」 2025 年,赤子城科技加速 AI 技術的深度應用,全面賦能研發、運營等核心業務場景,提升運營效率;同時,AI 產品 Aippy 進入消費級 AI 應用賽道,探索「AI+社交娛樂」新空間。 年內,公司持續強化底層技術能力,不斷深化 AI 在業務流程中的應用。自研多模態算法模型 Boomiix 持續升級,有效提升社交匹配精準度與運營智能化水平;自研智能數據平台思語 AI 將數據查詢、異動分析、報告生成等流程的響應周期大幅縮短;自研 AI 智能設計平台 KIVI 持續優化,在虛擬禮物、活動頁面、投放素材等設計環節提升產出效率與內容豐富度,大幅縮短活動與禮物運營周期。 年內,赤子城科技孵化 AI 產品 Aippy,探索以 AI 創造情緒價值的新路徑。產品上線後獲得用戶積極反饋,App Store 用戶評分超 4.8。此外,公司也在持續加大 AI 領域優秀人才招聘力度,持續完善技術底座,推動 AI 成為本地經營、規模增長、產品迭代、合規升級等全鏈路能力的「放大器」。 隨著 AI 技術與社交業務的深度融合,赤子城科技將不斷加強技術積累,憑藉敏捷的產品創新、緊貼用戶的本地化運營、高效的營銷獲客等能力,持續深耕全球社交娛樂市場,在更大範圍內為全球用戶創造美好情緒價值。 有關赤子城科技 赤子城科技是一家全球化的互聯網公司,2019年在港交所主板上市,股票代碼為09911.HK。 公司以「創造美好情緒價值」為願景,在社交、遊戲等領域打造了數十款面向全球用戶的APP,包括泛人群社交產品 MICO、YoHo、TopTop、SUGO;多元人群社交產品 HeeSay;精品遊戲產品 Alice's Dream: Merge Games等,累計服務上百個國家和地區的超過10億全球用戶。赤子城科技深耕中東北非市場,並積極佈局東南亞、歐美、日韓等地區,致力於成為全球最大的社交娛樂公司。 如欲查詢更多資訊,請聯絡: DLK Advisory pr@dlkadvisory.com 2026-03-26 此財經新聞稿由EQS Group轉載。本公告內容由發行人全權負責。瀏覽原文: http://www.todayir.com/tc/index.php
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Newborn Town Inc. (SEHK: 9911) Delivered Strong Growth in 2025: Total Revenue Achieved Nearly RMB 7 Billion, Up Over 35% YoY

EQS Newswire / 26/03/2026 / 22:07 UTC+8 [Hong Kong – 26 March 2026] Newborn Town Inc. (Newborn Town or the company, together with the subsidiaries as the ‘Group’, stock code: 09911.HK), a leading global social entertainment company, released its annual results for 2025. For the year ended December 31, 2025, Newborn Town reported a total revenue of RMB 6,889 million, marking a 35.3% year-on-year increase. Net profit for the year reached RMB 964 million, up 22.3% year-on-year. Net profit attributable to owners amounted to RMB 935 million, surging by 94.6% year-on-year, while adjusted EBITDA totaled at RMB 1,215 million, demonstrating a year-on-year increase of 26.1%. By business segment, the social networking business remained the primary revenue driver. Flagship product TopTop continued to deliver strong growth, while MICO and YoHo provided stable contributions to both revenue and profit. The innovative business segment recorded a year-over-year surge of 59.3% in revenue, with quality games and social e-commerce maintaining solid and rapid growth, while the short drama business began to gain traction. By market, the MENA region continued to demonstrate strong commercial momentum. Meanwhile, the Group accelerated its expansion into non-MENA markets, making encouraging progress in regions such as Latin America and Japan. Deepening Competitive Moat in Social Networking Business, While Innovative Business Gained Strong Momentum In 2025, the Group’s social networking business sustained strong growth, with revenue reached RMB 6,142 million, representing a year-on-year increase of 32.9%. In particular, the game-oriented social networking platform TopTop delivered exceptional results, with profit growth exceeding 100%. Revenue for TopTop grew by over 70% year-on-year. Meanwhile, the live-streaming social platform MICO and the voice-based social platform YoHo continued to reinforce their leadership in their respective segments, contributing stable revenue and profit. Leveraging its strong UGC-driven ecosystem, TopTop was steadily evolved into a household name in key MENA markets such as Saudi Arabia, and was named “Best Social Game Platform” at the Sensor Tower APAC Awards. According to Sensor Tower, TopTop ranked 5th in the Middle East social networking app revenue rankings in 2025. As the Group’s first social networking product, MICO has consistently maintained a leading position in the live-streaming social segment across markets such as the MENA region and Southeast Asia. The voice-based social platform YoHo also remained firmly positioned within the top tier of the MENA voice-based social market. According to DianDian data, YoHo ranked among the Top 10 grossing social apps on Google Play multiple times in markets including Saudi Arabia, Oman, and the UAE in 2025. Meanwhile, the Group’s diverse-audience social networking business continued to deliver steady progress. HeeSay, the flagship product of this business segment, further strengthened its presence in Southeast Asia, consistently ranking among the Top 10 grossing social apps on the App Store in markets such as Thailand and Vietnam. During the year, the Group’s innovative business recorded revenue of RMB 747 million, representing a year-on-year increase of 59.3%, working alongside the social networking business to drive steady overall growth. The Group’s flagship games have entered long-term operation stages, while the development and pipeline of new game titles are progressing steadily. The social e-commerce platform Heer Health continued its steady and rapid growth, further strengthened its presence in the fields of HIV prevention and sexual health services. Meanwhile, the Group’s short drama business, which it has been actively investing in, has begun to gain early traction. Accelerating Global Expansion with Solid Progress in Non-MENA Markets In 2025, Newborn Town significantly accelerated its global expansion. During the year, the Group continued to strengthen its competitive advantages in key markets such as the MENA region and Southeast Asia. In 2025, the Group’s core products recorded year-on-year growth of nearly 50% in business scale in the MENA region. Meanwhile, the Group also made solid progress in new markets including Latin America, East Asia, and Europe, further expanding its global footprint. In East Asia, TopTop successfully entered the high-barrier Japanese market, leveraging its differentiated positioning and refined localization strategy, and has begun to generate early monetization results. According to DianDian data, TopTop ranked 6th on the App Store free games chart in Japan in November 2025. Newborn Town continued to advance its expansion in markets such as Europe, steadily broadening its global presence. In high-value markets including Japan, South Korea, and North America, the Group is actively refining its product offerings, deepening market understanding, and exploring further potential in both user scale and monetization. In June 2025, Newborn Town officially established its global headquarters in Hong Kong, marking a new milestone in the Group’s globalization strategy. Looking ahead, the Hong Kong headquarters will serve as a coordination hub, working closely with the Group's global R&D and operations centers to support continued overseas expansion. AI Accelerated Deployment as a Full-Stack Capability “Multiplier” In 2025, Newborn Town accelerated the deployment of AI across its business, deeply embedding AI into core functions such as R&D and operations to enhance overall efficiency. Meanwhile, the Group’s AI product Aippy entered the consumer-facing AI application space, rapidly building a growing active user base since its launch. During the year, the Group continued to strengthen its core technology capabilities, further expanding the application of AI across its business processes. Its self-developed multimodal algorithm model, Boomiix, continuing to undergo iterative upgrades, improving the accuracy of social matching and advancing the intelligence of operations. Newborn Town also launched Siyu AI, an internal data intelligence platform, significantly shortened turnaround times for data queries, anomaly analysis, and report generation. Its proprietary AI-powered design platform KIVI continued to evolve, enhancing both production efficiency and content richness across key creative functions including the design of virtual gifts, campaign pages, and marketing assets, while materially shortening campaign and gifting operation cycles. During the year, the Group launched Aippy, an AI-powered community for games, exploring new ways to deliver emotional value through AI-generated content. Since launch, Aippy has received positive user feedback, achieving an App Store rating of over 4.8. Building on this momentum, the Group has also continued to ramp up recruitment of top AI talent, further strengthening its technology foundation and positioning AI as a full-stack capability multiplier across local operations, scalable growth, product innovation, and compliance enhancement. As AI became increasingly integrated with its social networking business, Newborn Town will continue to deepen its technological capabilities. By leveraging its strengths in agile product innovation, localized operations, and efficient user acquisition, the Group remains well-positioned to further expand in the global social entertainment market and create positive emotional value to users worldwide. About Newborn Town Newborn Town has grown into a leading technology company which was listed on the Main Board of the Hong Kong Stock Exchange (HKEX) in 2019 under the stock code 9911. Committed to creating positive emotional value worldwide, Newborn Town has developed a diverse portfolio of applications in the social networking and entertainment sectors. Its social apps include MICO, YoHo, TopTop and HeeSay, together with gaming products like Alice's Dream: Merge Games. These applications have achieved widespread acclaim, reaching over one billion users in over one hundred countries and regions.Newborn Town considers the Middle East and North Africa (MENA) region a key market and has also extended its influence in Southeast Asia, Europe, the United States, Japan, and South Korea. The company aims to become the world's largest social entertainment company. For enquiries, please contact DLK Advisory pr@dlkadvisory.com 26/03/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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56% YoY Revenue Surge to RMB 171 Billion: Huaqin’s Platform Expansion in the Age of AI

EQS Newswire / 26/03/2026 / 19:20 UTC+8 On the evening of March 23, Huaqin Technology Co., Ltd. (“Huaqin” or the “Company”) released a striking 2025 annual performance report. The Company achieved full-year operating revenue of RMB 171.437 billion, up 56.02% year on year; net profit attributable to parent company shareholders reached RMB 4.054 billion, rising 38.55% year on year; and non-GAAP net profit attributable to parent company shareholders stood at RMB 3.244 billion, up 38.30% year on year. Meanwhile, the Company proposed a cash dividend of RMB 12 per 10 shares. Against a backdrop of intensifying market competition and volatile raw material costs, the growth of such magnitude from a large-cap player has immediately captured market attention. Yet focusing solely on these headline figures risks overlooking the truly meaningful takeaways from this annual report. I. Strategy Enters Realization Phase, Second Growth Engine Accelerates On top of its already large revenue base, the Company still delivered 56.02% year-on-year growth, pushing annual revenue to RMB 171.437 billion and solidifying its leading position among A-share listed firms. More importantly, Huaqin’s management provided an anchor-setting medium-to-long-term guidance at the performance briefing. The Company expects 2026 revenue to exceed RMB 200 billion and clearly targets RMB 300 billion in total revenue by 2028–2029 under its "3+N+3" structure. Relative to its current RMB 170 billion scale, this target implies the Company will sustain mid-teens growth over the next 3–4 years, rather than entering the steady-state phase typical of traditional manufacturing. The sustained robust growth stems not from a passive recovery driven by a single sector rebound, but from the combined effects of expanding platform capabilities, upgraded customer structure, and mass shipment of multiple product lines. Specifically, the growth curve built around the "3+N+3" strategy — three mature business ecosystems (smartphones, laptops, data centers) plus three strategic new businesses (auto electronics, robotics, software) — has evolved from blueprint to tangible financial results, demonstrating diversified and high-value-added growth traits. 1. Diversified Growth Drivers Traditional ODM players usually rely heavily on the prosperity of a single category, especially the smartphone cycle. However, Huaqin’s 2025 growth showed clear diversification. The revenue of its basic mobile terminal business increased by 57.17% year-on-year, while the revenue of its computing and data business (PC + data center) increased by 51.93% year-on-year. The more impressive innovative business (mainly covering automotive electronics, robotics, etc.) achieved a year-on-year growth of 121.00%, with a revenue scale of RMB 3.48 billion. 2. Business Mix Shifts Toward Higher Value While mobile terminals remain the largest revenue contributor, the computing & data business — centered on data centers — now accounts for 44% of total revenue, becoming a second pillar nearly on par with mobile terminals. According to the annual report, the Company’s data center business saw sharp growth in shipments across all product lines, and it maintained a leading market share in AI servers. China Post Securities noted that Huaqin has become a core supplier to the top three global CSP (communication service providers) customers. This means the Company’s business portfolio is gaining higher value mix and strategic industry position: it has shifted from a pure consumer electronics player to a dual-engine growth model driven by consumer electronics + computing infrastructure, positioning itself in the high-certainty, high-growth computing infrastructure sector that underpins the digital future. 3.New Businesses Gain Meaningful Scale & Contribution The annual report explicitly defines robotics as a key second growth curve. The innovative business segment — robotics, auto electronics and software — posted the fastest growth among the Company’s four divisions at 121.00% year on year in 2025. Auto electronics revenue exceeded RMB 1 billion in 2025, with a target of RMB 10 billion in revenue over the next 3–5 years. Software business began contributing meaningful revenue and profit. Data collection robots entered mass production and delivery; nearly 1 million units of home cleaning robots were shipped in 2025, with a doubling of shipments expected in 2026. Notably, the Company’s operating cash flow (OCF) improved markedly in the second half of 2025. After a net outflow of RMB 1.522 billion in H1, the full-year net outflow narrowed sharply to RMB 223 million, implying a net inflow of approximately RMB 1.299 billion in H2 — a decisive reversal from the first half. This signal suggests that upfront capital expenditures (CAPEX) on procurement and inventory for business expansion has started translating into effective cash collections from customers and healthy operational quality, indicating the Company is entering a harvest phase of sustained free cash flow generation. II. Platform Capabilities Extend Outward, Tech-driven Competitive Advantage Reshapes Business Logic For a long time, limited market perception of ODM firms to their manufacturing capabilities: supply chain management, cost control, mass production, project delivery — all important, and all part of Huaqin’s foundational competitiveness. Yet viewing Huaqin merely as a hardware assembler or contract manufacturer can no longer explain its simultaneous expansion across vastly different product categories, nor its stronger positioning than many traditional ODMs in the AI hardware wave. The core logic lies in long-term invested technical capabilities moving from a back-office support system to the forefront, translating into significant commercial leverage. Unlike traditional manufacturing ODMs, Huaqin is a hardware company with strong software capabilities — rooted in its founding team’s software background and sustained investments in AI software, visual recognition and related fields. In the AI era, on-device inference and multimodal interaction have become mainstream; underlying software and system optimization directly define a hardware product’s performance ceiling and user experience. This software-hardware integration capability forms Huaqin’s core competitive differentiation. As this capability extends outward, it rapidly builds competitive barriers in new sectors. In terms of data center business, Huaqin is one of the few industry players with full-stack design capabilities across computing nodes, network nodes and liquid cooling. It leads in core technologies such as whole-machine architecture, high-speed interconnectivity and liquid cooling. Meanwhile, it has built an open and compatible ecosystem fully supporting mainstream global GPUs (NVIDIA, AMD, Intel) and domestic computing platforms. Management disclosed at the performance briefing that data center revenue is projected to grow 30%–50% in 2026, with AI servers accounting for over 70% of the mix. Switch revenue is set to double again, and “hyper-node products will enter mass production and delivery in H2 2026”. Moreover, backed by technical accumulation from its large consumer electronics hardware platform, strong computing support from AI PCs and servers, and massive test data and application scenarios from its global manufacturing footprint, Huaqin has advanced rapidly in robotics. During the reporting period, the Company established an independent robotics subsidiary Yiren Intelligent Robotics and assembled a dedicated R&D team, aiming to become a leading full-stack robotic solutions provider for the 3C manufacturing sector. With rich global manufacturing scenarios and data reserves, the Company is currently focused on industrial wheeled robots that boost production efficiency. It delivered data collection robots at scale in 2025 and expanded customer coverage in home cleaning robots. Management noted that cleaning robot shipments reached the 1-million-unit level, with doubling growth expected in 2026. The Company is also developing humanoid robots: it completed debugging of its first self-developed biped robot and plans a second generation based on NVIDIA’s Thor platform. Additionally, Huaqin provides mass manufacturing services to multiple robotics firms, expanding capacity and delivery capabilities to refine its robotics ecosystem. In intelligent driving business, Huaqin has built full-stack automotive-grade R&D capabilities covering hardware, software, HMI and testing, alongside a specialized and large-scale automotive-grade manufacturing center. It has achieved key breakthroughs and mass delivery across core product lines including intelligent cabin, ADAS, body domain and display systems, and forged deep partnerships with numerous traditional automakers, new energy vehicle makers and overseas clients. Management expects this business to double again in 2026, targeting RMB 10 billion in revenue and profitability over the next 3–5 years. In AI hardware business, the Company offers comprehensive coverage of high-growth edge AI device categories: AI phones, AI PCs, smart wearables and XR devices. Across data centers, robotics, auto electronics and AI hardware, a clear path emerges: Huaqin is not entering unrelated new industries — it is repeatedly deploying the same core capability system. This may well be the real reason Huaqin can keep expanding its business scope amid the current AI wave. 26/03/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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