瑞鑫国际集团2025 中期报告

INTERIM REPORT中期報告 2025 CORPORATE INFORMATION EXECUTIVE DIRECTORS Ms. Li Yang(Chairman)Mr. Yang Junjie INDEPENDENT NON-EXECUTIVE DIRECTORS Mr. Zhang JueMs. Zhang Xiaofen (appointed with effect from 13 February 2026)Mr. Zhu Lianhai (appointed with effect from 13 February 2026) AUDIT COMMITTEE Mr. Zhang Jue(Chairman)(re-designated as the Chairman with effect from 13 February 2026)Ms. Zhang Xiaofen (appointed with effect from 13 February 2026)Mr. Zhu Lianhai (appointed with effect from 13 February 2026) REMUNERATION COMMITTEE Mr. Zhang Jue(Chairman)Ms. Zhang Xiaofen (appointed with effect from 13 February 2026)Mr. Zhu Lianhai (appointed with effect from 13 February 2026) NOMINATION COMMITTEE Ms. Li Yang(Chairman)Mr. Zhang JueMs. Zhang Xiaofen (appointed with effect from 13 February 2026)Mr. Zhu Lianhai (appointed with effect from 13 February 2026) INVESTMENT COMMITTEE Mr. Zhang Jue(Chairman)Ms. Zhang Xiaofen (appointed with effect from 13 February 2026)Mr. Zhu Lianhai (appointed with effect from 13 February 2026) COMPANY SECRETARY Ms. Lai Pik Chi Peggy REGISTERED OFFICE Clarendon House2 Church StreetHamilton, HM 11Bermuda Clarendon House2 Church StreetHamilton, HM 11Bermuda HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESSIN HONG KONG Unit 1106, 11th FloorThe Chelsea69 Jervois StreetHong Kong 69The Chelsea111106 PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetPO Box HM1022Hamilton HM DXBermuda Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetPO Box HM1022Hamilton HM DXBermuda HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 慤道1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong SHARE LISTING 724 The Stock Exchange of Hong Kong LimitedStock Code: 724 WEBSITE https://www.irasia.com/listco/hk/ruixin/ https://www.irasia.com/listco/hk/ruixin/ The board (the “Board”) of directors (the “Director(s)”) of RuixinInternational Holdings Limited (the “Company”) is pleased to announcethe unaudited consolidated interim results of the Company and itssubsidiaries (collectively, the “Group”) for the six months ended 30 June2025, together with the comparative figures for the corresponding periodand selected explanatory notes as set out below. RESULTS OVERVIEW The Group reported no revenue for both the six months ended 30 June2025 (the “Reporting Period”) and 30 June 2024 (the “CorrespondingPeriod”). 204,400,0006,000,000 Loss for the Reporting Period decreased to approximately HK$6.0 millionfrom approximately HK$20.4 million for the Corresponding Period. Thedecrease in the loss for the Reporting Period was mainly due to thedecrease in the operating loss for the electronic products business andadministrative expenses, and the decrease in imputed interest expenseson convertible notes and shareholder loans. Due to the weakening ofthe global economic environment, worldwide tariff protection issue, theincrease in interest rate and the rapid advancement, development andsevere competition in the industry, as well as the poor financial situationof the Group further affected the image and confidence of the electronicproducts business of the Group among its customers. As a result, costsfor the electronic products business in the Reporting Period went down tothe basic operating cost, which resulted in the aforementioned decreasein the operating loss for the Reporting Period as compared to theCorresponding Period. 6,000,00020,400,000 Other than the imputed interest expenses on convertible notes andshareholder loans which arose as a result of accounting treatmentunder the provisions of the applicable accounting standards, the Groupmade a loss of approximately HK$6.0 million for the Reporting Period,as compared with a loss of approximately HK$20.4 million for theCorresponding Period. INTERIM DIVIDEND The Board does not recommend the payment of an interim dividend forthe six months ended 30 June 2025 (six months ended 30 June 2024:nil). MANAGEMENT DISCUSSION AND ANALYSIS Business and Financial Review Due to the weakening global economic environment – stemming fromCOVID-19’s lingering effects, escalating worldwide tariff protectionism,and interest rate hikes since 2023 that only began tapering lately, as well asthe rapid advancement and development in the industry, the competitionin the industry has been severe. As the Group’s major products aremainly electronic and electrical components, which are mature and fullydeveloped products with low entry barriers and keen price competition,the lack of competitiveness when working capital was insufficient hasmade business difficult. In particular, customers nowadays expect to haveshort lead time with rapid product development and product delivery,they tend to work with manufacturer suppliers to get a closer and quickerresponse in respect of products development, which seriously reducedthe Group’s competitiveness. The electronic