Deewin Tianxia Co., Ltd. (“DEEWIN”) released its audited results for the year ended 31 December 2025.

Revenue and Profitability • Revenue rose 5.1% year-on-year to RMB 2.76 billion, driven mainly by Logistics & Supply Chain Services (+5.8%) and IoV & Data Services (+17.9%). • Gross profit fell 7.9% to RMB 396.44 million; gross margin contracted to 14.3% from 16.4%. • Net profit attributable to shareholders declined 55.4% to RMB 68.29 million; total net profit dropped 62.0% to RMB 59.65 million. • Basic EPS decreased to RMB 0.03 (2024: RMB 0.07).

Segment Performance • Logistics & Supply Chain Services: revenue RMB 2.06 billion (74.5% of total) with logistics/warehousing contributing RMB 1.26 billion and vehicle sales RMB 0.79 billion. • Supply Chain Financial Services: revenue RMB 445.42 million (16.1%), down 3.9% as leasing spreads narrowed. • IoV & Data Services: revenue RMB 259.73 million (9.4%), up 17.9% on higher IoV product sales.

Key Cost and Cash Items • Net impairment losses on financial assets surged to RMB 122.36 million (+131%). • Operating cash inflow reached RMB 133.20 million (2024: outflow RMB 76.62 million). • Capital expenditure totalled RMB 77.00 million; R&D expense increased to RMB 40.22 million.

Balance Sheet and Leverage • Total assets stood at RMB 11.43 billion (+20.5%); total equity was RMB 3.34 billion. • Bank borrowings expanded 69.7% to RMB 3.73 billion; gearing ratio (net debt/total capital) rose to 63.5% from 55.5%. • Asset-backed securities outstanding decreased to RMB 681.21 million after repayments.

Dividend The Board recommends a final dividend of RMB 0.3147 (tax-inclusive) per 10 shares, totalling approximately RMB 68.65 million, payable on or before 26 August 2026 to shareholders on the register as of 8 June 2026.

Operational Highlights • Connected heavy-duty vehicles on DEEWIN’s IoV platform reached about 1.26 million. • New funds invested in leasing and factoring reached RMB 8.53 billion; two ABS issues raised RMB 1.13 billion. • Overseas strategy advanced with a digital logistics agreement at Indonesia’s IMIP Industrial Park.

2026 Focus DEEWIN will enhance risk control, improve asset mix, and build four ecosystem platforms—Data, Finance, Logistics and Vehicles—while targeting quality growth and overseas expansion.