西普尼二零二五年中期报告

SHENZHEN HIPINEPRECISION TECHNOLOGY CO., LTD. 深圳西普尼精密科技股份有限公司 (A joint stock company incorporated in the People's Republic of China with limited liability)( 於中華人民共和國註冊成立的股份有限公司 )Stock Code股份代號: 2583 中 期 報 告 Contents目錄 Corporate Information2Financial Highlights4Management Discussion and Analysis5Directors’ and Chief Executives’ Interests inSecurities12Substantial Shareholders’ Interests inShares and Underlying Shares15Corporate Governance and Other Information18Report on Review of Condensed ConsolidatedFinancial Statements20Condensed Consolidated Statement ofProfit or Loss and Other Comprehensive Income22Condensed Consolidated Statement ofFinancial Position23Condensed Consolidated Statement ofChanges in Equity25Condensed Consolidated Statement ofCash Flows26Notes to the Condensed Consolidated InterimFinancial Information28 Corporate Information公司資料 BOARD OF DIRECTORS 董事會 執行董事 Executive DirectorsMr. Li Yongzhong(Chairman)Mr. Hu Shaohua (former name: Hu Shaofeng)Mr. Li Yangjin 非執行董事 Non-executive DirectorMr. Huang Liangdi 獨立非執行董事 Independent non-executive Directors Mr. Li QiMr. Lin YongMs. Guo Xiaohong (former name: Guo Lanhong)Mr. Wong Sin Yung SUPERVISORS 監事 Ms. Yao XiangpingMs. Qin YanMr. Zou Jianping BOARD COMMITTEES 董事會委員會 審計委員會 Audit CommitteeMs. Guo Xiaohong(Chairlady)Mr. Lin YongMr. Li Qi 提名委員會 Nomination CommitteeMr. Lin Yong(Chairman)Mr. Huang LiangdiMs. Guo Xiaohong 薪酬與考核委員會 Remuneration and Assessment Committee Mr. Li Qi(Chairman)Mr. Lin YongMr. Hu Shaohua 戰略委員會 Strategy CommitteeMr. Li Yongzhong(Chairman)Mr. Huang LiangdiMr. Li Qi 聯席公司秘書 JOINT COMPANY SECRETARIES Mr. Li YangjinMs. Sze Suet LingACG (CS, CGP); HKACG (CS, CGP) ACG (CS, CGP)HKACG (CS, CGP) H股股份過戶登記處 H SHARE REGISTRAR 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt Road, Hong Kong 授權代表ACG (CS, CGP)HKACG (CS, CGP) AUTHORISED REPRESENTATIVES Mr. Li YangjinMs. Sze Suet LingACG (CS, CGP); HKACG (CS, CGP) 合規顧問 COMPLIANCE ADVISOR Ping An of China Capital (Hong Kong) Company Limited 中國註冊辦事處及總部 REGISTERED OFFICE AND HEADQUARTERS IN THE PRC 992901(3701A) 3701AShuibei International Jewellery Centre 2901No. 99 Beili North Road, Cuijin CommunityCuizhu Street, Luohu DistrictShenzhen, Guangdong ProvincePRC 香港主要營業地點 PRINCIPAL PLACE OF BUSINESS IN HONG KONG 40th Floor, Dah Sing Financial CentreNo. 248 Queen’s Road EastWanchai, Hong Kong 24840 核數師 AUDITORS • Deloitte Touche TohmatsuCertified Public AccountantsRegistered Public Interest Entity Auditor 主要往來銀行 PRINCIPAL BANK China Construction Bank Corporation, Shenzhen Branch 股份代號2583 STOCK CODE2583 公司網址https://www.hipine.com COMPANY’S WEBSITEhttps://www.hipine.com 投資者聯絡(86) 13798550966liyangjin@hipine.com INVESTORS CONTACTPhone: (86) 13798550966Email: liyangjin@hipine.com Financial Highlights財務摘要 本公司董事會董事本集團本報告期 The board of directors (the “Board” or the “Directors”) of ShenzhenHipine Precision Technology Co., Ltd. (the “Company”) presents theunaudited condensed consolidated results of the Company and itssubsidiaries (collectively referred to as the “Group”) for the six monthsended 30 June 2025 (the “Reporting Period”). Note: 1預期信貸虧損 1Adjusted profit for the period represents the Profit for the period beforededucting Listing expenses and Impairment losses under expectedcredit loss (“ECL”) model, and reflects the Group’s core operatingperformance. Management Discussion and Analysis管理層討論及分析 業務回顧及展望 BUSINESS REVIEW AND OUTLOOK HIPINEODMODM The Group is a designer, manufacturer and brand-owner of gold-case watches and gold-bezel watches in China. The Group primarilysells gold-case watches and gold-bezel watches designed andmanufactured under its flagship proprietary brand “HIPINE” (). The self-branded products are principally sold through itsdistribution network, supplemented by sales through, among others,its self-operated online stores, third-party online store operators andretail stores. The Group also serves as an ODM manufacturer forthird-party domestic jewellery brands and wholesalers, includingdeveloping and manufacturing watches and accessories under itscustomers’ labels and providing subcontract processing servicesto them. The Group’s ODM customers included various renowneddomestic jewellery brands, such as Lao Feng Xiang, Sino Gem andChow Tai Seng, with whom the Group has formed long-term andstable supply relationships. In addition, the Group co-operated withthe largest retailer and supermarket chain worldwide since 2023 forthe promotion and sales of products supplied by the Group in China. 1.00H股股份聯交所上市招股章程淨所得款項(i)(ii)(iii) The overseas listed foreign share in the share capital of the Companywith a nominal value of RMB1.00 each of the Company (the “HShares” or “Shares”) were successfully listed on the Main Board ofThe Stock Exchange of Hong Kong Limited (the “Stock Exchange”)on 30 September 2025 (the “Listing”). The Directors believe thatthe Listing will, among others, facilitate the impleme