目 錄 2 公司資料 3 財務概要 4 主席報告 9 董事及高級管理人員履歷 15 管理層討論及分析 25 企業管治報告 40 董事會報告 52 獨立核數師報告 56 綜合損益及其他全面收入表 57 綜合財務狀況表 59 綜合權益變動表 60 綜合現金流量表 62 財務報表附註 公司資料 董事會 執行董事 馬曉明先生（主席） 孟軍先生 張玉敏先生 劉軍先生 何曉律先生 蔣巍先生 獨立非執行董事 鄧智偉先生 甘為民先生 曹立新教授 公司秘書 區偉強先生 授權代表 馬曉明先生 區偉強先生 審核委員會 鄧智偉先生（主席） 甘為民先生 曹立新教授 薪酬委員會 曹立新教授（主席） 馬曉明先生 鄧智偉先生 提名委員會 馬曉明先生（主席） 曹立新教授 甘為民先生 註冊辦事處 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 香港主要營業地點 香港 九龍 新蒲崗大有街 1 號 勤達中心 15 樓1503 室 總部及中國主要營業地點 中國 廣東省 惠州市 惠城區西坑 建邦工業園 股份代號 香港聯合交易所有限公司主板 ...

集团目前正与其美国客户积极洽谈，探讨将其产品制造流程迁移至集团位于墨西哥和马来西亚的生产设 施的可行性。 集团自中国直接出口至美国并受到美方关税影响的出货量，在截至2024年12月31日止年度的总收入中占 比约为30.7%。截至本公告日期，董事会认为，新关税可能对集团的业务与运营造成影响，但由于目前 仍在就关税成本是否转嫁给终端消费者进行协商，同时也在评估将制造流程迁移至低关税地区的可行 性，因此集团目前尚无法就新关税对集团可能造成的影响作出具体评估和计算。 公司将继续密切关注事态发展，并将在适当的时候采取措施，尽力减轻美方关税对集团业务与运营的影 响。 智通财经APP讯，信邦控股(01571)发布公告，由于集团产品均按"完税后交货"(Delivered Duty Paid)条款 出售给美国客户，即集团负责安排运输并将货物交付至指定地点，同时完成清关并支付所有适用税费及 关税。因此，该等额外关税的征收使得集团的供应在商业上变得不可行，甚至可构成不可抗力。然而， 集团仍为美国客户提供继续提供中国产品的机会，前提是客户同意承担相关征收的关税。 公司董事会一直密切关注全球经济及地缘政治风险，以及其对集团业务与运营的 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 Xin Point Holdings Limited 信邦控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1571） 截 至 2024 年 12 月 31 日止年度 全年業績公告 財務摘要 – 1 – ‧ 收入增加約3.4%至約人民幣3,207.7百 萬 元（2023年財政年度：約人民幣 3,102.9百萬元）。 ‧ 毛利增加約5.4%至約人民幣1,163.1百 萬 元（2023年財政年度：約人民幣 1,103.0百萬元）。 ‧ 本公司擁有人應佔溢利減少約7.2%至約人民幣563.5百萬元（2023年財政年 度：約人民幣607.4百萬元）。 ‧ 每股基本盈利減少8.2%至約人民幣56分（2023年財政年度：約人民幣61分）。 ‧ 建議末期股息為每股30港仙。 ‧ 資本開支減少約2.0%至約人民幣256.8百萬元（2023年財政年度：約人民幣 262.1百萬元）。 ‧ 綜合資產淨值增加約0.2 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of HKD 4.5 per share, indicating a potential upside of 22.6% from the current price of HKD 3.65 [2][6][19]. Core Insights - The company has demonstrated steady revenue and profit growth in the first half of 2024, with revenue reaching RMB 1,646.4 million, a year-on-year increase of 8.6%, and a net profit attributable to shareholders of RMB 322.2 million, up 22.2% [4][7][15]. - The company is repositioning itself as a "global supplier," focusing on automotive plastic parts surface treatment, despite a slight decline in sales volume [10][11]. - The gross profit margin improved to 37.3% in the first half of 2024, up from 33.4% in the same period of 2023, attributed to stable sales costs and improved operational efficiency at the Mexican factory [5][15][19]. Summary by Sections Financial Performance - As of June 30, 2024, the company had cash reserves of RMB 978 million, a 46.6% increase from the end of 2023, and bank loans decreased by 11.6% to RMB 62.3 million [3][9][19]. - The company’s total assets were RMB 51.8 billion, with a net asset value of RMB 38.6 billion [3]. Market Position and Strategy - The global automotive sales are expected to see slight growth in 2024, with an estimated total of over 92 million vehicles sold, the highest since 2018 [10]. - The company’s sales volume of automotive parts decreased from approximately 193.5 million units in the first half of 2023 to about 189.2 million units in the first half of 2024, while the average selling price increased by 11.1% [10][11]. Future Projections - The company forecasts revenues of RMB 31.85 billion, RMB 34.38 billion, and RMB 36.78 billion for 2024, 2025, and 2026, respectively, with net profits projected at RMB 6.33 billion, RMB 6.96 billion, and RMB 7.53 billion [6][19]. - The average net profit growth rate over the next three years is estimated at 7.5% [19].

Financial Performance - The company recorded unaudited revenue of approximately RMB 1,646.4 million in the first half of 2024, an increase of 8.6% compared to the same period in 2023 (RMB 1,515.4 million)[5] - The company's unaudited profit attributable to owners was approximately RMB 322.2 million in the first half of 2024, a 22.2% increase from the same period in 2023 (RMB 263.7 million)[5] - Basic and diluted earnings per share for the first half of 2024 were approximately RMB 32.1 cents, compared to RMB 26.3 cents in the same period in 2023[5] - Net cash flow from operating activities in the first half of 2024 was approximately RMB 420.8 million, compared to RMB 476.3 million in the same period in 2023[5] - Revenue increased by RMB 131.0 million or 8.6% to RMB 1,646.4 million in the first half of 2024[14] - Revenue from China grew by 9.6% to RMB 574.1 million, while North America revenue increased by 8.6% to RMB 794.3 million[14][15] - Revenue from "Other Regions" surged by 84.3% due to new assembly projects with Japanese suppliers[14] - Gross profit margin improved to 37.3% in H1 2024, up from 33.4% in H1 2023, with gross profit increasing by 21.6% to RMB 614.8 million[17] - Sales costs rose by 2.2% to RMB 1,031.6 million, driven by higher raw material costs (31.8% of sales costs) and stable employee costs (26.0%)[16] - Administrative expenses decreased by 0.7% to RMB 191.9 million, with employee costs rising by 6.1% and R&D expenses slightly declining[21] - Exchange rate losses of RMB 7.5 million were recorded in H1 2024, compared to exchange rate gains of RMB 44.3 million in H1 2023[18] - Sales and distribution expenses increased by 13.1% to RMB 51.0 million due to higher travel and marketing activities[19] - Net profit attributable to owners increased by 22.2% to RMB 322.2 million in H1 2024 from RMB 263.7 million in H1 2023[22] - Revenue grew by 8.6% in H1 2024 compared to H1 2023, driven by strong sales in North America, China, and Japan[22] - Gross profit rose to RMB 614.8 million in H1 2024 from RMB 505.7 million in H1 2023 due to revenue growth and improved operational efficiency[22] - Net cash inflow from operating activities was RMB 420.8 million in H1 2024, down from RMB 476.3 million in H1 2023[24] - The asset-to-liability ratio decreased to 1.8% as of June 30, 2024, from 2.0% at the end of 2023[24] - Revenue for the six months ended June 30, 2024, increased to RMB 1,646,365 thousand, up 8.6% from RMB 1,515,355 thousand in the same period in 2023[36] - Gross profit rose to RMB 614,781 thousand, a 21.6% increase compared to RMB 505,703 thousand in the previous year[36] - Net profit attributable to owners of the parent company reached RMB 322,155 thousand, up 22.2% from RMB 263,674 thousand in 2023[36] - Cash and cash equivalents increased significantly to RMB 978,016 thousand as of June 30, 2024, compared to RMB 667,162 thousand at the end of 2023[37] - Capital commitments as of June 30, 2024, amounted to RMB 249.3 million, up 15.6% from RMB 215.7 million at the end of 2023[35] - Total assets decreased slightly to RMB 3,579,240 thousand as of June 30, 2024, from RMB 3,612,901 thousand at the end of 2023[37] - The company's equity attributable to owners of the parent company increased to RMB 3,531,690 thousand, up 1.5% from RMB 3,479,756 thousand at the end of 2023[38] - The company reported a foreign exchange loss of RMB 35,667 thousand due to the translation of overseas operations, compared to a gain of RMB 182,358 thousand in the same period in 2023[36] - The company's inventory increased to RMB 636,607 thousand as of June 30, 2024, up 6.4% from RMB 598,254 thousand at the end of 2023[37] - The company's trade receivables and bills increased to RMB 798,236 thousand as of June 30, 2024, up 4.8% from RMB 761,835 thousand at the end of 2023[37] - Revenue from automotive decoration parts sales increased to RMB 1,646,365 thousand in the first half of 2024, up from RMB 1,515,355 thousand in the same period of 2023[47] - Net cash generated from operating activities decreased to RMB 420,768 thousand in the first half of 2024, compared to RMB 476,315 thousand in the same period of 2023[41] - Net cash used in investing activities decreased to RMB 97,034 thousand in the first half of 2024, down from RMB 168,889 thousand in the same period of 2023[41] - Net cash used in financing activities increased to RMB 23,876 thousand in the first half of 2024, compared to RMB 18,283 thousand in the same period of 2023[41] - Cash and cash equivalents at the end of the period increased to RMB 978,016 thousand in the first half of 2024, up from RMB 641,025 thousand in the same period of 2023[41] - Total equity increased to RMB 3,229,921 thousand as of June 30, 2024, compared to RMB 2,918,801 thousand as of January 1, 2023[40] - Retained earnings increased to RMB 2,245,494 thousand as of June 30, 2024, up from RMB 2,111,785 thousand as of January 1, 2023[40] - The company's total comprehensive income for the period was RMB 442,409 thousand, with a net profit of RMB 263,674 thousand[40] - The company's cash and cash equivalents increased by RMB 299,858 thousand in the first half of 2024, compared to an increase of RMB 289,143 thousand in the same period of 2023[41] - The company's total assets increased to RMB 3,233,066 thousand as of June 30, 2024, up from RMB 2,920,622 thousand as of January 1, 2023[40] - Revenue from sales of goods increased to RMB 1,646,365 thousand in the first half of 2024, up from RMB 1,515,355 thousand in the same period of 2023, representing an 8.6% growth[48] - North America remains the largest market, contributing RMB 794,335 thousand in revenue for the first half of 2024, a 8.6% increase compared to RMB 731,487 thousand in 2023[48] - Profit before tax for the first half of 2024 was impacted by a foreign exchange loss of RMB 7,547 thousand, compared to a gain of RMB 44,313 thousand in the same period of 2023[49] - Total tax expenses for the first half of 2024 increased to RMB 84,304 thousand, up 46.1% from RMB 57,704 thousand in the same period of 2023[51] - Basic earnings per share for the first half of 2024 increased to RMB 0.32 per share, up from RMB 0.26 per share in the same period of 2023[55] - Trade receivables and bills as of June 30, 2024, amounted to RMB 798,236 thousand, a 4.8% increase from RMB 761,835 thousand as of December 31, 2023[57] - Trade payables as of June 30, 2024, stood at RMB 402,194 thousand, a slight increase of 1.1% from RMB 397,653 thousand as of December 31, 2023[58] - The company invested RMB 91,465 thousand in property, plant, and equipment during the first half of 2024, a decrease of 16.6% compared to RMB 109,664 thousand in the same period of 2023[60] - The company's issued and fully paid share capital as of June 30, 2024, was 1,002,905,000 shares, with a capital of RMB 87,485 thousand[61] - Capital commitments for plant and equipment increased to RMB 218,115 thousand as of June 30, 2024, up from RMB 184,547 thousand at the end of 2023[62] - The company's trade receivables and bills increased to RMB 798,236 thousand as of June 30, 2024, compared to RMB 761,835 thousand at the end of 2023[66][68] - Cash and cash equivalents rose significantly to RMB 978,016 thousand as of June 30, 2024, from RMB 667,162 thousand at the end of 2023[66][68] - Trade payables increased to RMB 402,194 thousand as of June 30, 2024, up from RMB 397,653 thousand at the end of 2023[67][69] - The fair value of financial assets measured at fair value through other comprehensive income decreased to RMB 2,640 thousand as of June 30, 2024, from RMB 3,753 thousand at the end of 2023[71][75] - Interest-bearing bank borrowings decreased to RMB 62,276 thousand as of June 30, 2024, from RMB 70,533 thousand at the end of 2023[71][69] - The total financial assets as of June 30, 2024, amounted to RMB 1,797,246 thousand, up from RMB 1,456,859 thousand at the end of 2023[66][68] - The total financial liabilities as of June 30, 2024, were RMB 807,880 thousand, compared to RMB 607,642 thousand at the end of 2023[67][69] - The company's financial assets measured at fair value through other comprehensive income were classified as Level 1 in the fair value hierarchy as of June 30, 2024[74][75] Dividend and Shareholder Information - The company proposed an interim dividend of 20.0 HK cents per share for the first half of 2024, compared to 10.0 HK cents in the same period in 2023[5] - An interim dividend of HKD 0.2 per share was declared for H1 2024, up from HKD 0.1 per share in H1 2023[25] - The company declared an interim dividend of HKD 0.20 per share for 2024, doubling from HKD 0.10 per share in 2023, totaling approximately RMB 183,514 thousand[53] - As of June 30, 2024, the company had 12,330,000 unexercised share options, with 4,941,600 options vested during H1 2024[28][29] - Ma Xiaoming holds 736,186,750 shares, representing 74.07% of the company's total issued share capital[78] - Green Pinnacle Holdings Limited, controlled by Ma Xiaoming, holds 736,186,750 shares, representing 73.41% of the total issued share capital[84] - Zhu Junhua, Ma Xiaoming's spouse, holds 742,821,750 shares, representing 74.07% of the total issued share capital[84] - Bull Capital China Growth Fund II, L.P. and related entities hold 63,500,000 shares, representing 6.33% of the total issued share capital[84] - Greater Talent Investments Limited holds 63,500,000 shares, representing 6.33% of the total issued share capital[84] - Peace World Investments Limited holds 63,500,000 shares, representing 6.33% of the total issued share capital[84] - Huang Guanqiu holds 63,500,000 shares, representing 6.33% of the total issued share capital[84] - Mealth PTC holds 736,186,750 shares, representing 73.41% of the total issued share capital[84] - Meng Jun holds 482,000 shares, representing 0.05% of the total issued share capital[78] - Zhang Yumin holds 507,000 shares, representing 0.05% of the total issued share capital[78] Automotive Industry Trends - Global car sales in 2024 are expected to slightly exceed 92 million units, the highest level since 2018, despite a slowdown in growth[6] - In the US, 7.9 million new vehicles were sold in the first half of 2024, a 3% increase compared to the same period in 2023[6] - BMW's total sales increased by 2.3% to nearly 1.1 million units in the first half of 2024, with battery electric vehicle sales growing by 34% to nearly 180,000 units[7] - Mercedes-Benz's battery electric vehicle sales in the first half of 2024 were approximately half of the previous year's figure, at 93,400 units, a 17% decrease[7] - Porsche's sales in the first half of 2024 decreased by 7% to 155,900 units, with a particularly significant drop of one-third in China[7] - General Motors reported Q2 2024 sales of nearly 700,000 cars and light trucks, a less than 1% increase year-over-year, marking the best performance since Q4 2020[8] - The company's total sales for the first half of 2024 reached 1.3 million units, slightly down from the same period in 2023[8] - Global new energy vehicle sales are expected to surge by 32% in 2024, with a projected market share of 45% by 2030[11] - The company anticipates a slowdown in the automotive industry ahead of the 2024 U.S. presidential election due to macroeconomic and geopolitical factors[13] - North American light vehicle production reached 16.5 million units (seasonally adjusted annual rate), close to pre-pandemic levels[14] Operational Efficiency and Production - Xinyi Group's total revenue for H1 2024 increased to approximately RMB 1,646.4 million, up 8.6% from RMB 1,515.4 million in H1 2023[8] - Xinyi Group's gross profit for H1 2024 rose to RMB 614.8 million, with a gross margin of 37.3%, compared to RMB 505.7 million (33.4% gross margin) in H1 2023[8] - Xinyi Group's electroplating facility utilization rate was 80.5% in H1 2024, down from 83.0% in H1 2023 due to a new production line in Huizhou[9] - The average product yield rate for Xinyi Group in H1 2024 slightly increased to 93.9% from 93.5% in 2023[10] - Xinyi Group's cumulative orders as of June 30, 2024, amounted to approximately RMB 10.5 billion, providing a solid foundation for future business[10] - Xinyi Group is expanding its production facilities to Mexico and Malaysia to mitigate risks from high interest rates and political uncertainty[12] - Average selling price (ASP) increased by 11% to RMB 8.70 per unit, with North America ASP rising by 10.8%[14] - Capital expenditures during the reporting period were primarily for equipment upgrades and new production facilities[31] - No significant acquisitions or disposals of subsidiaries, associates, or joint ventures occurred during the reporting period[32] - As of June 30, 2024, RMB 13.3 million of right-of-use assets were pledged to financial institutions to secure general bank loans[33] Employee and Corporate Governance - Total number of employees increased to 5,398 as of June 30, 2024, up from 5,227 on December 31, 2023, with 4,577 employees in Mainland China, 8 in Hong Kong, 22 in the US, 11 in Germany, and 780 in Mexico[87] - Employee compensation and related costs for the reporting period amounted to approximately RMB 382.6 million, compared to RMB 371.6 million in the first half of 2023[87] - The company's directors and senior management receive compensation in the form of salaries, benefits in kind, and discretionary bonuses linked to the group's performance[87] - The company did not purchase, sell, or redeem any listed securities during the reporting period[88] - The company maintained high standards of corporate governance and complied with the Corporate Governance Code during the reporting period[88] - All directors confirmed compliance with the Standard Code of Conduct for securities transactions during the reporting period[89] - The Audit Committee reviewed the unaudited condensed interim financial information for the first half of 2024 and confirmed its compliance with applicable accounting standards[90]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產 生或因倚賴該等內容而引致的任何損失承擔任何責任。 Xin Point Holdings Limited 信邦控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1571） 截 至 2024 年 6 月 30 日止六個月 中期業績公告 | --- | --- | --- | |----------------------|-----------------------|------------------------| | | | | | | | | | | 截至 | 6 月 30 日止六個月 | | | 2024 年 | 2023 年 | | | 人民幣千元 | 人民幣千元 | | | （未經審核） | （未經審核） | | 收入 | 1,646,365 | 1,515,355 | | 母公司擁有人應佔溢利 | 322,155 | 263,674 | | 基本及攤薄盈利 | 每股人民幣 32.1 分 | 每股人民幣 26.3 分 | | 中期股 ...

目 錄 馬曉明先生（主席） 孟軍先生 張玉敏先生 劉軍先生 何曉律先生 蔣巍先生 | 2 | 公司資料 | | --- | --- | | 3 | 財務概要 | | 4 | 主席報告 | | 9 | 董事及高級管理人員履歷 | | 15 | 管理層討論及分析 | | 25 | 企業管治報告 | | 39 | 董事會報告 | | 51 | 獨立核數師報告 | | 55 | 綜合損益及其他全面收入表 | | 56 | 綜合財務狀況表 | | 58 | 綜合權益變動表 | | 59 | 綜合現金流量表 | | 61 | 財務報表附註 | 獨立非執行董事 公司資料 鄧智偉先生 甘為民先生 曹立新教授 董事會 執行董事 授權代表 馬曉明先生 區偉強先生 公司秘書 區偉強先生 審核委員會 鄧智偉先生（主席） 甘為民先生 曹立新教授 薪酬委員會 曹立新教授（主席） 馬曉明先生 鄧智偉先生 提名委員會 馬曉明先生（主席） 曹立新教授 甘為民先生 註冊辦事處 中國 廣東省 惠州市 惠城區西坑 建邦工業園 股份代號 香港聯合交易所有限公司主板 1571 開曼群島股份過戶登記處 Conyers Trust Company (Cay ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 Xin Point Holdings Limited 信邦控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1571） 截 至 2023 年 12 月 31 日止年度 全年業績公告 | --- | --- | |-------|--------------------------------------------------------------------------| | | | | | 財務摘要 | | ‧ | 收入增加約 7.6% 至約人民幣 3,102.9 百 萬 元（ 2022 年財政年度：約人民幣 | | | 2,882.9 百萬元）。 | | ‧ | 毛利增加約 25.0% 至約人民幣 1,103.0 百萬元（ 2022 年財政年度：約人民幣 | | | 882.1 百萬元）。 | | ‧ | 本公司擁有人應佔溢利增加約 40.8% 至約人民幣 607.4 百萬元（ 202 ...

Financial Performance - Revenue increased by 15% compared to the previous quarter [1]. - Net profit margin improved to 12%, up from 10% last year [2]. - Operating expenses rose by 8% due to increased marketing efforts [3]. Market Expansion - The company entered two new international markets in Asia and Europe [4]. - Market share in the domestic market grew by 5% [5]. - A new product line was launched to target younger demographics [6]. Operational Efficiency - Production costs decreased by 3% through process optimization [7]. - Supply chain disruptions were minimized, improving delivery times by 10% [8]. - Employee productivity increased by 7% following new training programs [9]. Strategic Investments - The company invested $50 million in R&D for new technologies [10]. - A strategic partnership was formed with a leading tech firm to enhance digital capabilities [11]. - Capital expenditures were allocated to upgrade manufacturing facilities [12]. Risk Management - Cybersecurity measures were strengthened to protect customer data [13]. - A contingency plan was developed to address potential economic downturns [14]. - Insurance coverage was expanded to mitigate operational risks [15]. Corporate Social Responsibility - The company reduced its carbon footprint by 20% through sustainable practices [16]. - A new initiative was launched to support local communities through education programs [17]. - Employee volunteer hours increased by 25% compared to the previous year [18].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產 生或因倚賴該等內容而引致的任何損失承擔任何責任。 Xin Point Holdings Limited 信邦控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1571） 截 至 2023 年 6 月 30 日止六個月 中期業績公告 | --- | --- | --- | |--------------------------------|-----------------------|------------------------| | | | | | | | | | 財務摘要 | 截至 6 月 30 | 日止六個月 | | | 2023 年 | 2022 年 | | | 人民幣千元 | 人民幣千元 | | | （未經審核） | （未經審核） | | 收入 | 1,515,355 | 1,309,075 | | 母公司擁有人應佔溢利 | 263,674 | 172,215 | | 基本及攤薄盈利 | 每股人民幣 26.3 分 | 每股人民幣 ...