SSY Group (2005) investor relations material

Executive summary

• Revenue for 1H2025 was HK$2,147 million, down 36% year-over-year, with net profit at HK$284 million, a 58.7% decrease.

• Gross profit margin declined to 41.5% from 55.2% year-over-year.

• Interim dividend per share was HK$0.05, a 37.5% decrease year-over-year.

• The business faced weak demand, price declines, and policy changes, but continued to focus on innovation, product mix optimization, and market expansion.

• Share repurchases and increased holdings by major shareholders were executed since January 2024.

Financial highlights

• EBITDA for 1H2025 was HK$608 million, down 43.8% year-over-year; EBITDA margin fell to 28.3%.

• Operating profit dropped 56.3% to HK$370.9 million; operating margin declined to 17.3%.

• Net asset value per share rose slightly to HK$2.57.

• Gearing ratio increased to 26.9%; current ratio improved to 3.12.

• Cash and cash equivalents rose 6.4% to HK$1,338 million; bank borrowings increased 10.4% to HK$4,016 million.

Outlook and guidance

• Plans to strengthen sales and regional management, accelerate new product launches, and expand exports.

• Focus on cost control, product structure optimization, and dual domestic-international market strategy.

• R&D efforts to continue, with 55 new product applications and 52 expected approvals in the second half.

• Ongoing infrastructure projects to support sustainable growth.

• Continued participation in centralized procurement and provincial alliances.