津上机床中国二零二五年中期报告

(Incorporated in the Cayman Islands with limited liability)|Stock Code : 1651(於開曼群島註冊成立的有限公司) |股份代號: 1651 中期報告2025Interim Report Precision Tsugami (China) Corporation Limited is a subsidiary established byTsugami Corporation(“Tsugami Japan” or “Controlling Shareholder”),a renowned Japanese CNC high precision machine tool manufacturer, for itsChinese undertakings, and has grown into the largest foreign-branded CNC machinetool manufacturer* in the Chinese machines tools market through 22 years of rapiddevelopment since the business commencement in 2003. The Company manufactures andsells high-end CNC machine tools includingprecision lathes, precision machining centres and precision grinding machines underthe TSUGAMI brand. With its customer orientation, and high speed, high precisionand high rigidity as its quality targets, the Company has been widely recognised bythe industries including automobile parts and components, IT communications andelectronics and industrial automation. The Company’s products are mainly for theChinese market, and are also sold, with or without customisations, to Japan, Europe,the United States, Southeast Asia and other regions through its overseas saleschannels Tsugami Japan. * According to the industry report prepared by Frost & Sullivan (Beijing) Inc., Shanghai Branch Co. in December 2018. 22* TSUGAMIIT * CONTENTS目錄 RESULTS HIGHLIGHTS2CORPORATE INFORMATION3MANAGEMENT DISCUSSION AND ANALYSIS6OTHER INFORMATION17INDEPENDENT REVIEW REPORT29INTERIM CONDENSED CONSOLIDATEDFINANCIAL INFORMATIONInterim condensed consolidated statement ofprofit or loss and other comprehensive income31Interim condensed consolidated statement offinancial position32Interim condensed consolidated statement ofchanges in equity33Interim condensed consolidated statement ofcash flows34Notes to the interim condensed consolidatedfinancial information36 RESULTS HIGHLIGHTS INTERIMRESULTS REPORT FOR THE SIXMONTHS ENDED 30 SEPTEMBER 2025 Theboard(the“Board”)of directors(the“Directors”)of PrecisionTsugami (China) Corporation Limited (the“Company”) hereby announcesthe unaudited condensed consolidated interim results of the Companyand its subsidiaries (collectively, the “Group”) for the six months ended30September 2025(the“Period under Review”)together with theunauditedcomparative figures for the corresponding period in 2024.Such results have been reviewed by the external auditor Ernst & Youngand the audit committee of the Company. RESULTS HIGHLIGHTS Executive Directors Dr. Wang Xiaokun(Chairman & Chief Executive Officer)(appointed as director on 25 June 2025 and Chairman &Chief Executive Officeron 13 November 2025) Dr. Tang Donghao(appointed on 13 November 2025) Mr. Shoichiro Haga(re-designated as executive director on13 November 2025) Mr. Li Junying(appointed on 13 November 2025) Dr. Tang Donglei(resigned on 13 November 2025)Dr. Li Zequn(resigned on 13 November 2025) Non-executive Directors Mr. Nobuhiro Watabe(appointed on 13 November 2025)Ms. Mami MatsushitaMr. Takao Nishijima(resigned on 13 November 2025) Mr. Shoichiro Haga(re-designated as executive Director on 13 November 2025) Independent Non-executive Directors Mr. Kunimasa Ota(appointed on 25 June 2025)Dr. Satoshi IwabuchiDr. Huang PingMr. Tam Kin Bor Audit Committee Mr. Tam Kin Bor(Chairman)Mr. Kunimasa Ota(appointed on 13 November 2025)Dr. Huang PingMr. Shoichiro Haga(ceased to be member of Audit Committee on 13 November 2025) Nomination Committee Mr. Tam Kin Bor(Chairman)Ms. Mami Matsushita(appointed on 25 June 2025) Dr. Huang Ping CORPORATE INFORMATION Remuneration Committee Dr. Huang Ping(Chairman)Mr. Shoichiro Haga(appointed on 25 June 2025) Mr. Tam Kin Bor Company SecretaryMs. Wong Wai Yee Ella Registered Office Vistra (Cayman) LimitedP.O. Box 31119 Grand PavilionHibiscus Way, 802 West Bay Road,Grand Cayman, KY1-1205Cayman Islands Vistra (Cayman) LimitedP.O. Box 31119 Grand PavilionHibiscus Way, 802 West Bay Road,Grand Cayman, KY1-1205Cayman Islands Auditor Ernst & YoungCertified Public Accountants 97943 Legal Advisers as to Hong Kong Laws Stephenson Harwood43/F, One Taikoo Place979 King’s RoadQuarry Bay, Hong Kong Principal Place of Business 2001314200 China RegionNo. 2001 Pingcheng RoadPinghu Economic and Technology Development DistrictZhejiang Province, 314200the People’s Republic of China (the “PRC”) 33191915 Hong Kong RegionRoom 1915, 19/F, Lee Garden One33 Hysan Avenue, Causeway BayHong Kong Principal Share Registrar P.O. Box 31119 Grand PavilionHibiscus Way, 802 West Bay Road,Grand Cayman, KY1-1205Cayman Islands P.O. Box 31119 Grand PavilionHibiscus Way, 802 West Bay Road,Grand Cayman, KY1-1205Cayman Islands Hong Kong Branch Share Registrar 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong Compliance AdviserHalcyon Capital LimitedRm 3401, 34/F, Hopewell Centre,183 Queen’s Road East,Wanchai, Hong Kong 183343401 Principal Bankers UFJ Hong KongBank of China