China Electronics Optics Valley Union Holding Company (798) investor relations material

Executive summary

• Revenue for the six months ended 30 June 2025 was RMB1,470.7 million, up 0.8% year-over-year, with profit for the period at RMB2.1 million, down RMB1.1 million from last year.

• Industrial park operation services contributed 70.6% of total revenue, reflecting a strategic focus on integrated operations and structural growth.

• New contracts signed totaled RMB1,538.9 million, up 8% year-over-year, and sales collection increased 34% to RMB2,324.9 million.

• The company continued its transformation, focusing on operational stability, risk control, and efficiency, while integrating industry and finance for value creation.

• The Group holds a land bank of approximately 5.32 million sq.m. across major Chinese cities.

Financial highlights

• Gross profit was RMB367.1 million, with a gross margin of 25.0%, up 0.1 percentage points year-over-year.

• Net cash outflow from operating activities was RMB145.5 million; net cash outflow from financing activities was RMB75.0 million.

• Total outstanding indebtedness rose to RMB7,995.4 million as of 30 June 2025.

• Current ratio improved to 1.62 from 1.28 at year-end 2024; net gearing ratio increased to 45.9% from 42.9%.

• Earnings per share were RMB0.02, down from RMB0.24 in the prior year period.

Outlook and guidance

• The company will focus on integrated operations and business transformation to address property market adjustments and drive the "second growth curve."

• Plans include accelerating integrated operation projects, improving operational quality, reducing inventory, and leveraging digital tools for investment promotion.

• Emphasis on digital transformation, asset management, and leveraging synergies with CEC for sustainable competitiveness.

• The Group aims to maintain a flexible strategy combining leasing and sales.