盛力达科技中期报告2025

INTERIMREPORT CONTENTS 2Corporate Information4Financial Highlights5Management Discussion and Analysis17Interim Condensed Consolidated Income Statement18Interim Condensed Consolidated Statement ofComprehensive Income19Interim Condensed Consolidated Balance Sheet21Interim Condensed Consolidated Statement of Changes in Equity22Interim Condensed Consolidated Statement of Cash Flows24Notes to the Interim Condensed Consolidated Financial Information50Corporate Governance and Other Information55Glossary Corporate Information BOARD OF DIRECTORSExecutive Directors Mr. Zhang Degang (Chairman)Mr. Zhang DeqiangMs. Feng Lili Non-executive DirectorsMs. Zhang Jinghua Independent non-executive Directors Mr. Leung Yiu ChoMr. Yu JianfengMr. Zhong Ruifeng SUPERVISORS Mr. Peng Jiashan (Chairman)Ms. Wei YiMs. Yang Jinghua AUDIT COMMITTEE Mr. Leung Yiu Cho (Chairman)Mr. Yu JianfengMr. Zhong Ruifeng REMUNERATION AND APPRAISAL COMMITTEE Mr. Yu Jianfeng (Chairman)Mr. Zhong RuifengMr. Zhang Deqiang NOMINATION COMMITTEE Mr. Zhong Ruifeng (Chairman)Ms. Zhang JinghuaMr. Yu Jianfeng STRATEGIC COMMITTEE Mr. Zhang Degang (Chairman)Mr. Zhang DeqiangMr. Leung Yiu Cho ACG, ACS(PE) COMPANY SECRETARYMs. Ho Wing Yan (ACG, ACS(PE)) ACG, ACS(PE) AUTHORISED REPRESENTATIVES Mr. Zhang DegangMs. Ho Wing Yan (ACG, ACS(PE)) REGISTERED OFFICE 1 1 Yanxin Road EastHuishan Economic Development ZoneWuxiJiangsu ProvincePRC HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN PRC 1 1 Yanxin Road EastHuishan Economic Development ZoneWuxiJiangsu ProvincePRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 6–8272703 Suite 2703, 27th Floor, Shui On Centre6–8 Harbour RoadWanchaiHong Kong AUDITOR PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor LEGAL ADVISERS TO THE COMPANYONC Lawyers(as to Hong Kong law) H H SHARE REGISTRAR 338333301–04 Union Registrars LimitedSuites 3301–04, 33/FTwo Chinachem Exchange Square338 King’s RoadNorth PointHong Kong PRINCIPAL BANKER 9 China Merchants Bank Wuxi branchNo. 9, Xueqian StreetWuxi CityJiangsu ProvincePRC www.wxsunlit.com COMPANY’S WEBSITE www.wxsunlit.com Management Discussion and Analysis BUSINESS REVIEW 2025 In the first half of 2025, the new round of tariff wars betweenChinaand the U.S.and the further increase in the anti-dumpingand anti-countervailing duty rates on Chinese steelcord by the U. S. put the industry’s output under pressure fromboth trade volume and exchange rate fluctuations. Although theexport volume of steel cord declined slightly, the overall impactwas controllable. In the face of external pressure, the Companyfurther focused on its core business, adhering to its establisheddevelopmentstrategy,and used refined management andinternal control governance as key measures to steadily, orderlyand effectively advance all operational activities. 20251–61,562.11,565.312.5%11.4%1–6696.8693.741.4%40.3% Accordingto statistical data,driven by both policy measuresand market demand, China’s automobile production and sales inJanuaryto June 2025 reached 15.621 million units and 15.653million units, representing year-on-year increases of 12.5% and11.4%, respectively. Among these, the sales performance of newenergyvehicles was particularly outstanding,with productionand sales of new energy vehicles in January to June reaching6.968 million units and 6.937 million units, representing year-on-year increases of 41.4% and 40.3%, respectively. 20256 3013,66815,35311.0%20256 302,195.530.4% Asof 30 June 2025,the Group achieved revenue ofRMB136.68 million, representing a decrease of 11.0% comparedto RMB153.53 million in the corresponding period of last year.Asof 30 June 2025,the Group recorded a net profit ofRMB21.955million,representing a decrease of 30.4%compared to the corresponding period of last year. 136,700,0002024153,500,00016,800,00010.9% Our revenue for the Period was RMB136.7 million, representinga decrease of RMB16.8 million, or approximately 10.9%, fromRMB153.5 million for the corresponding period of 2024. The decrease in revenue was mainly due to the reduction incustomer acceptance testing and commissioning of productionlines and standalone machines during the Period. 202463032,600,0002025520248 Brass electroplating wire production lines.Revenue fromthe sales of brass electroplating wire production lines for thePeriod decreased by RMB32.6 million as compared with the sixmonths ended 30 June 2024, which is mainly due to the factthat 5 sets of brass electroplating wire production lines wereaccepted by the customers in the first half of 2025 while 8 setwas accepted in the corresponding period of 2024. 1,700,0007,000,00075.7% Otherproduction lines.Revenue from the sales of otherproductionlines amounted to RMB1.7 million for the Period,representing a decrease of 75.7% as compared with RMB7.0million for the corresponding period in last year. The decreasewasprimarily attributable to the decrease in total volume ofsales of other production