Samudy Announces 2026 Interim Results

Samudy Precision Tool Co Ltd

Samudy Holdings Limited

announced2026Interim Results

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Business transformation initiatives in place for one year sales orders in hand hit a record high of13.6billion HKD

Reform completed and ready to move forward the results of new project expansion in the second half will be gradually realized

one of the world's leading one-stop injection molding solution providers ─ Samudy Holdings Limited("Samudy" or the "Group"), announced yesterday its interim results for the six months ended June 30, 2026 (the "Period").

In the first half of 2026, the global economy, affected by multiple factors such as the U.S.-Iran conflict, unstable energy supply chains and continuous adjustments in U.S. tariff policy, saw significant market volatility, with global trade and corporate investment activities facing considerable uncertainty. Affected by inflation expectations, unstable semiconductor supply chains and weak terminal consumer demand, the procurement strategies of some consumer electronics brand customers remained relatively cautious. Despite the challenging external operating environment, in the first half of 2026, the Group's revenue reached1,156.4 million HKD (first half of 2025: 1,050.3 million HKD), up10.1% compared with the same period last year. As the business transformation initiatives have been in place for one year, the Group recorded significant growth in both revenue and new orders in the second quarter of2026 compared with the first quarter, reflecting that the results of new business and new project expansion are gradually becoming visible.

Mr. Li Peiliang, Chairman of Samudysaid: "Since the middle of last year, Samudy has pragmatically advanced the professional development of six core business tracks: consumer electronics (overseas), consumer electronics (domestic), personal care, medical, packaging and multi-cavity molds, and automotive. On the basis of consolidating relationships with existing core customers, we have continued to explore the potential needs of existing customers in the six tracks and precisely identified new customers for application scenarios. As atJune 30, 2026, the Group's sales orders in hand reached a record high of1,363.5million HKD, an increase of34.7% compared with1,012.1million HKD as at December 31, 2025. Samudy has completed its reform and is ready to move forward. New projects signed in the first half of2026 are expected to be gradually converted into tangible revenue and profit contributions in the second half and in 2027, in line with customers' actual mass production schedules."Looking ahead tothe second half of 2026, the global economy remains in a stage where complexity, volatility and structural recovery are intertwined. Although macroeconomic recovery still faces many challenges, from the perspective of industrial development trends, technological innovation and industrial upgrading remain the core drivers of medium- and long-term economic growth. In particular, artificial intelligence technology is gradually penetrating into end-side applications, driving faster product iteration for some smart hardware, new-generation wearable devices and high-end consumer electronics. Global leading brand owners are actively promoting new product development, and market demand for high-precision, high-performance molded components with innovative structures continues to rise, providing potential development space and market opportunities for precision manufacturing enterprises such as Samudy that possess technological accumulation and global delivery capabilities.

Mr. Lu Gongshan, Executive Director and Chief Executive Officer of Samudy

said: "Samudy has completed its reform. Going forward, we will give full play to the strong synergy of integrated molding, deepen the one-stop service system from product design and precision mold development to high-volume injection molding manufacturing, and continue to build on the six major tracks to steadily expand in each specialized market. We continue to advance the comprehensive manufacturing capabilities and automation upgrades of our production bases in East China, Shenzhen and Vietnam to fully support global customers' delivery needs. To prepare for the mass production of projects signed in the first half of the year, the high-precision equipment introduced and the upgraded capacity over the past six months have gradually commenced operation in the early third quarter." He added: "In the face of macro-environment uncertainties, Samudy will adopt more prudent resource allocation and cost management measures. We will precisely plan subsequent capital expenditure based on actual order demand, actively promote internal cost reduction and efficiency improvement measures, strengthen cash flow management, and consolidate a sound operating and financial position."As new projects gradually enter the stage of large-scale mass production, the benefits of existing orders are gradually realized, and internal cost reduction and efficiency improvement measures continue to deepen, Samudy will make every effort to restore business momentum and operating efficiency, laying a solid foundation for future revenue growth and profitability recovery, and continuing to create long-term and steady value returns for shareholders, customers and all employees.

ResultsIn the first half of 2026,

the Group's revenue reached

1,156.4

million HKD. During the Period, most of the Group's new projects were still at the development and trial production stage. As new projects take a certain period from R&D introduction to high-volume mass production, upfront costs were relatively concentrated, which had a certain impact on profitability. Combined with frequent customer production plan adjustments caused by semiconductor shortages, production efficiency and gross margin came under pressure in the short term. During the Period, gross profit was200.8million HKD. The early stage of the transformation measures belonged to the business investment and development phase. The Group bore a number of one-off expenses related to business transformation and new project development, which impacted earnings. Profit attributable to owners of the Company was21.9 million HKD. Basic earnings per share were2.6 HK cents.The Board has resolved to recommend an interim dividend for the six months ended June 30, 2026

of1.1HK cents per share, with a payout ratio of41.8%.

Business Review

As a world-leading one-stop comprehensive injection molding solution provider, Samudy offers tailor-made, cost-effective and high-precision molded injection products and services to many internationally renowned enterprises.

The Group's injection molding business has long served many leading consumer electronics brands around the world, enjoying a strong reputation and excellent word-of-mouth in the industry. Despite the challenging market environment, leveraging its diversified high-quality customer base and the strategy of deeply exploring customer value, revenue from the overseas consumer electronics and domestic consumer electronics tracks increased by25.9%and20.5% compared with the same period last year, respectively. The personal care track continued its good growth momentum in the first half, with revenue up30.4% compared with the same period last year. The Group successfully undertook new product projects from brand customers, which are expected to inject new momentum into the track's growth as mass production follows. For the packaging and multi-cavity tracks, major customers were in the inventory digestion stage in the first half, but subsequent orders maintained good growth momentum, and customer cooperation relationships are gradually entering a stage of stable development.

During the Period, the Group achieved a breakthrough in food-grade injection molded products, successfully establishing a dedicated workshop that meets strict food safety and production standards, capable of meeting the extremely high quality and compliance requirements of the European market, and is expected to support the global supply of multinational food and beverage customers in the long term. The Group has multiple well-known medical brand customers at home and abroad. During the Period, core brand customers adopted a bidding procurement model, which put pressure on product prices. Based on considerations of consolidating long-term cooperative relationships and expanding market share, the Group strategically adjusted prices, resulting in a16.1% decline in medical track revenue compared with the same period last year. Despite short-term revenue pressure, the Group has obtained more high value-added new project orders from this customer. Combined with the continuously increasing medical business layout, management expects the medical track to gradually stabilize in the second half and lay a more solid foundation for medium- and long-term growth.

In the mold business, affected by the structural adjustment of the traditional fuel vehicle market, automakers correspondingly lowered production plans for related models, putting pressure on demand for the Group's standard mold orders, thus changing the product mix. In addition, the increased upfront investment in mold costs during the new business development period led to a decline in the gross profit of the mold-making segment. Facing the transformation pressure of the European automotive industry, the Group is actively expanding into the Middle East and Mexico markets to diversify the impact of slowing European automotive market demand and support the stable development of the automotive segment.