World Precision B49

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Financials

Annual Report 2025

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9 tables

Consolidated Statement of Profit or Loss and Other Comprehensive Income (Group)

20 metrics

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Consolidated Statement of Profit or Loss and Other Comprehensive Income (Group) from Annual Report 2025
Metric / unit	2025Group	2024Group	Source
Income statement
RevenueRMB'000	745,353	1,018,931	PDF p. 81
Cost of salesRMB'000	(646,604)	(850,767)	PDF p. 81
Gross profitRMB'000	98,749	168,164	PDF p. 81
Other incomeRMB'000	20,052	24,845	PDF p. 81
Distribution costsRMB'000	(53,064)	(74,776)	PDF p. 81
Administrative expensesRMB'000	(101,416)	(99,788)	PDF p. 81
Other expensesRMB'000	(13,414)	(2,840)	PDF p. 81
Provision of impairment losses on trade and other receivablesRMB'000	(13,583)	(11,385)	PDF p. 81
Result from operating activitiesRMB'000	(62,676)	4,220	PDF p. 81
Finance incomeRMB'000	7,267	10,953	PDF p. 81
Finance costsRMB'000	(9,453)	(11,084)	PDF p. 81
Net finance costsRMB'000	(2,186)	(131)	PDF p. 81
(Loss)/profit before taxRMB'000	(64,862)	4,089	PDF p. 81
Income tax creditRMB'000	9,471	2,892	PDF p. 81
(Loss)/profit for the yearRMB'000	(55,391)	6,981	PDF p. 81
Other comprehensive income
- Exchange differences on translation of foreign subsidiariesRMB'000	7,227	4,773	PDF p. 81
Total comprehensive (loss)/income for the yearRMB'000	(48,164)	11,754	PDF p. 81
(Loss)/profit attributable to
Equity holders of the CompanyRMB'000	(55,391)	6,981	PDF p. 81
Attributable
Total comprehensive (loss)/income for the year attributable to the owners of the CompanyRMB'000	(48,164)	11,754	PDF p. 81
Earnings per share (RMB per share)
Basic and dilutedRMB per share	(0.14)	0.02	PDF p. 81

Definitions & sources

Original report: PDF p. 81 ↗

Printed header: Note, 2025 and 2024, RMB'000. The total comprehensive income attributable row label wraps across two lines; the quote is the second line carrying the values.

Statements of Financial Position

31 metrics

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Statements of Financial Position from Annual Report 2025
Metric / unit	2025Group	2024Group	2025Company	2024Company	Source
Current assets
Cash and cash equivalentsRMB'000	178,245	264,926	145,431	153,889	PDF p. 82
Trade and other receivablesRMB'000	379,792	490,879	806	686	PDF p. 82
InventoriesRMB'000	287,852	332,217	-	-	PDF p. 82
Total current assetsRMB'000	845,889	1,088,022	146,237	154,575	PDF p. 82
Non-current assets
Trade and other receivablesRMB'000	10,771	42,944	-	-	PDF p. 82
Property, plant and equipmentRMB'000	667,254	674,609	2,777	3,051	PDF p. 82
Investment propertyRMB'000	266,164	141,623	-	-	PDF p. 82
GoodwillRMB'000	21,413	21,413	-	-	PDF p. 82
Intangible assetsRMB'000	16,671	19,303	-	-	PDF p. 82
Investments in subsidiariesRMB'000	-	-	670,311	658,976	PDF p. 82
Deferred tax assetsRMB'000	2,770	2,497	-	-	PDF p. 82
Total non-current assetsRMB'000	985,043	902,389	673,088	662,027	PDF p. 82
Assets
Total assetsRMB'000	1,830,932	1,990,411	819,325	816,602	PDF p. 82
Current liabilities
Trade and other payablesRMB'000	631,108	708,942	101,431	100,926	PDF p. 82
Lease liabilitiesRMB'000	1,636	1,448	-	-	PDF p. 82
Contract liabilitiesRMB'000	62,014	78,552	-	-	PDF p. 82
Bank borrowingsRMB'000	160,000	240,000	-	-	PDF p. 82
Tax payablesRMB'000	4	6,952	-	-	PDF p. 82
Total current liabilitiesRMB'000	854,762	1,035,894	101,431	100,926	PDF p. 82
Non-current liabilities
Trade and other payablesRMB'000	-	12	-	-	PDF p. 82
Lease liabilitiesRMB'000	14,785	14,946	-	-	PDF p. 82
Bank borrowingsRMB'000	75,000	-	-	-	PDF p. 82
Deferred tax liabilitiesRMB'000	24,742	29,752	-	-	PDF p. 82
Total non-current liabilitiesRMB'000	114,527	44,710	-	-	PDF p. 82
Equity attributable to owners of the Company
Share capitalRMB'000	250,660	250,660	250,660	250,660	PDF p. 82
Currency translation reserveRMB'000	45,978	38,751	87,171	74,760	PDF p. 82
Statutory reservesRMB'000	132,064	132,064	-	-	PDF p. 82
Capital reserveRMB'000	97,097	97,097	-	-	PDF p. 82
Retained earningsRMB'000	335,844	391,235	380,063	390,256	PDF p. 82
Total equityRMB'000	861,643	909,807	717,894	715,676	PDF p. 82
Liabilities and equity
Total equity and liabilitiesRMB'000	1,830,932	1,990,411	819,325	816,602	PDF p. 82

Definitions & sources

Original report: PDF p. 82 ↗

As at 31 December 2025. Printed columns: Group 2025, 2024; Company 2025, 2024; RMB'000.

Consolidated Statement of Profit or Loss and Other Comprehensive Income

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Consolidated Statement of Profit or Loss and Other Comprehensive Income from Annual Report 2025
Metric / unit	2025Group, RMB'000	2024Group, RMB'000	Source
Profit or loss
RevenueRMB'000	745,353	1,018,931	PDF p. 81
Cost of salesRMB'000	(646,604)	(850,767)	PDF p. 81
Gross profitRMB'000	98,749	168,164	PDF p. 81
Other incomeRMB'000	20,052	24,845	PDF p. 81
Distribution costsRMB'000	(53,064)	(74,776)	PDF p. 81
Administrative expensesRMB'000	(101,416)	(99,788)	PDF p. 81
Other expensesRMB'000	(13,414)	(2,840)	PDF p. 81
Provision of impairment losses on trade and other receivablesRMB'000	(13,583)	(11,385)	PDF p. 81
Result from operating activitiesRMB'000	(62,676)	4,220	PDF p. 81
Finance incomeRMB'000	7,267	10,953	PDF p. 81
Finance costsRMB'000	(9,453)	(11,084)	PDF p. 81
Net finance costsRMB'000	(2,186)	(131)	PDF p. 81
(Loss)/profit before taxRMB'000	(64,862)	4,089	PDF p. 81
Income tax creditRMB'000	9,471	2,892	PDF p. 81
(Loss)/profit for the yearRMB'000	(55,391)	6,981	PDF p. 81
Other comprehensive income
- Exchange differences on translation of foreign subsidiariesRMB'000	7,227	4,773	PDF p. 81
Total comprehensive (loss)/income for the yearRMB'000	(48,164)	11,754	PDF p. 81
(Loss)/profit attributable to
Equity holders of the CompanyRMB'000	(55,391)	6,981	PDF p. 81
Total comprehensive (loss)/income attributable to the owners
of the CompanyRMB'000	(48,164)	11,754	PDF p. 81
Earnings per share
Basic and dilutedRMB per share	(0.14)	0.02	PDF p. 81

Definitions & sources

Original report: PDF p. 81 ↗

Printed as RMB’000; Note column omitted. Only Group presented; no Company income statement printed.

Consolidated Statement of Changes in Equity - Group, year ended 31 December 2025

6 metrics

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Consolidated Statement of Changes in Equity - Group, year ended 31 December 2025 from Annual Report 2025
Metric / unit	2025Group, Share capital, RMB'000	2025Group, Currency translation reserve, RMB'000	2025Group, Statutory reserves, RMB'000	2025Group, Capital reserve, RMB'000	2025Group, Retained earnings, RMB'000	2025Group, Total equity, RMB'000	Source
Group
Balance at 1 January 2025RMB'000	250,660	38,751	132,064	97,097	391,235	909,807	PDF p. 83
Total comprehensive loss for the year
Loss for the yearRMB'000	-	-	-	-	(55,391)	(55,391)	PDF p. 83
Other comprehensive income
Foreign currency translation differences on foreign operationsRMB'000	-	7,227	-	-	-	7,227	PDF p. 83
Total comprehensive loss for the year
Total comprehensive loss for the yearRMB'000	-	7,227	-	-	(55,391)	(48,164)	PDF p. 83
Group
Transfer to statutory reserve fundRMB'000	-	-	-	-	-	-	PDF p. 83
Balance at 31 December 2025RMB'000	250,660	45,978	132,064	97,097	335,844	861,643	PDF p. 83

Definitions & sources

Original report: PDF p. 83 ↗

No non-controlling interests column printed. Company statement of changes in equity not found in the report.

Consolidated Statement of Changes in Equity - Group, year ended 31 December 2024

8 metrics

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Consolidated Statement of Changes in Equity - Group, year ended 31 December 2024 from Annual Report 2025
Metric / unit	2024Group, Share capital, RMB'000	2024Group, Currency translation reserve, RMB'000	2024Group, Statutory reserves, RMB'000	2024Group, Capital reserve, RMB'000	2024Group, Retained earnings, RMB'000	2024Group, Total equity, RMB'000	Source
Group
Balance at 1 January 2024RMB'000	250,660	33,978	130,902	97,097	533,416	1,046,053	PDF p. 84
Total comprehensive income for the year
Profit for the yearRMB'000	-	-	-	-	6,981	6,981	PDF p. 84
Other comprehensive income
Foreign currency translation differences on foreign operationsRMB'000	-	4,773	-	-	-	4,773	PDF p. 84
Total comprehensive income for the year
Total comprehensive income for the yearRMB'000	-	4,773	-	-	6,981	11,754	PDF p. 84
Distributions to owners
Dividend paid (Note 28)RMB'000	-	-	-	-	(148,000)	(148,000)	PDF p. 84
Transactions with owners
Total distributions to ownersRMB'000	-	-	-	-	(148,000)	(148,000)	PDF p. 84
Group
Transfer to statutory reserve fundRMB'000	-	-	1,162	-	(1,162)	-	PDF p. 84
Balance at 31 December 2024RMB'000	250,660	38,751	132,064	97,097	391,235	909,807	PDF p. 84

Definitions & sources

Original report: PDF p. 84 ↗

Page header printed says financial year ended 31 December 2025, but movements shown are for 2024 (balances 1 January 2024 to 31 December 2024).

Consolidated Statement of Cash Flows

37 metrics

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Consolidated Statement of Cash Flows from Annual Report 2025
Metric / unit	2025Group, RMB'000	2024Group, RMB'000	Source
Operating activities
(Loss)/profit before taxRMB'000	(64,862)	4,089	PDF p. 85
Operating activities - Adjustments for
Amortisation of intangible assetsRMB'000	2,632	7,689	PDF p. 85
Bad debts written offRMB'000	2	176	PDF p. 85
Amortisation of investment propertyRMB'000	25,459	11,427	PDF p. 85
Depreciation of property, plant and equipmentRMB'000	59,964	61,103	PDF p. 85
Gain on disposal of property, plant and equipmentRMB'000	(22)	-	PDF p. 85
Impairment loss on goodwillRMB'000	-	3,622	PDF p. 85
Interest expenseRMB'000	9,396	10,200	PDF p. 85
Interest incomeRMB'000	(7,267)	(10,953)	PDF p. 85
Provision of impairment losses on trade and other receivablesRMB'000	13,583	11,385	PDF p. 85
Property, plant and equipment written offRMB'000	1	-	PDF p. 85
Write-down of inventories, netRMB'000	3,750	270	PDF p. 85
Operating activities
Operating cash flows before movements in working capitalRMB'000	42,636	99,008	PDF p. 85
Operating activities - Changes in working capital
- InventoriesRMB'000	40,617	20,169	PDF p. 85
- Trade and other receivablesRMB'000	97,630	(65,770)	PDF p. 85
- Trade and other payablesRMB'000	(109,278)	(23,990)	PDF p. 85
- Contract liabilitiesRMB'000	(16,537)	(16,024)	PDF p. 85
Operating activities
Cash generated from operationsRMB'000	55,068	13,393	PDF p. 85
Interest receivedRMB'000	7,138	10,953	PDF p. 85
Withholding tax paidRMB'000	(1,891)	(586)	PDF p. 85
Income tax (paid)/recoveredRMB'000	(871)	723	PDF p. 85
Net cash generated from operating activitiesRMB'000	59,444	24,483	PDF p. 85
Investing activities
Purchases of property, plant and equipmentRMB'000	(15,241)	(38,589)	PDF p. 85
Purchases of investment propertiesRMB'000	(122,580)	-	PDF p. 85
Proceeds from disposal of property, plant and equipmentRMB'000	24	5	PDF p. 85
Net cash flows used in investing activitiesRMB'000	(137,797)	(38,584)	PDF p. 85
Financing activities
Proceeds from bank borrowingsRMB'000	235,000	150,000	PDF p. 85
Repayment of bank borrowingsRMB'000	(240,000)	(160,000)	PDF p. 85
Payment of lease liabilitiesRMB'000	(728)	(1,114)	PDF p. 85
Bank deposit dischargedRMB'000	-	475	PDF p. 85
Dividend paidRMB'000	-	(148,000)	PDF p. 85
Interest paidRMB'000	(8,641)	(9,415)	PDF p. 85
Net cash flows used in financing activitiesRMB'000	(14,369)	(168,054)	PDF p. 85
Closing cash (page 86)
Net decrease in cash and cash equivalentsRMB'000	(92,722)	(182,155)	PDF p. 86
Cash and cash equivalents at beginning of the yearRMB'000	264,926	431,074	PDF p. 86
Effect of exchange rate changes on cash and cash equivalentsRMB'000	6,041	16,007	PDF p. 86
Cash and cash equivalents at end of the yearRMB'000	178,245	264,926	PDF p. 86

Definitions & sources

Original report: PDF p. 85 ↗ PDF p. 86 ↗

Continues on page 86 (closing cash). Note column omitted from values. Only Group presented.

Earnings per share note (Group)

2 metrics

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Earnings per share note (Group) from Annual Report 2025
Metric / unit	2025Group, FY ended 31 December 2025	2024Group, FY ended 31 December 2024	Source
Earnings per share
(Loss)/profit for the year attributable to equity holders of the Company (RMB’000)RMB'000	(55,391)	6,981	PDF p. 113
Weighted average number of ordinary shares (‘000)'000 shares	400,000	400,000	PDF p. 113

Definitions & sources

Original report: PDF p. 113 ↗

Diluted earnings per share is same as basic earnings per share as there were no potential dilutive ordinary shares for the financial years ended 31 December 2025 and 2024.

Basic earnings per share is calculated based on the Group’s (loss)/profit for the year attributable to equity holders of the Company divided by the weighted average number of ordinary shares in issue during the financial year.

Earnings per share (consolidated statement of profit or loss)

1 metrics

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Earnings per share (consolidated statement of profit or loss) from Annual Report 2025
Metric / unit	2025Group	2024Group	Source
Earnings per share (RMB per share)
Basic and dilutedRMB per share	(0.14)	0.02	PDF p. 81

Definitions & sources

Original report: PDF p. 81 ↗

Operations review (p.12) states loss per ordinary share of RMB0.1385 in FY2025 vs earning per share of RMB0.0175 in FY2024, based on 400,000,000 outstanding shares.

Economic performance indicators (Sustainability Report)

2 metrics

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Economic performance indicators (Sustainability Report) from Annual Report 2025
Metric / unit	2024Group, FY2024	2025Group, FY2025	Source
Economic Value Distributed
Payments to providers of capital2RMB'000	157,415	8,641	PDF p. 61
Economic Value Generated
i. Revenue:RMB'000	1,018,931	745,353	PDF p. 61

Definitions & sources

Original report: PDF p. 61 ↗

2 FY2024 figure was restated due to a change in calculation methodology. Payments to providers of capital = dividend paid + interest paid

Debt

Borrowings

Borrowing notes 2 tables

Bank borrowings (Group, secured)

Bank borrowings (Group, secured) — Group
Item / unit	2025RMB'000	2024RMB'000	Source
Secured
Bank borrowingsRMB'000	235,000	240,000	PDF p. 125
Less: Amount due for settlement within 12 months (shown under current liabilities)RMB'000	(160,000)	(240,000)	PDF p. 125
Amount due for settlement after 12 monthsRMB'000	75,000	-	PDF p. 125

Notes

Effective interest rate: Bank loans A and B 3.55% (2024: 3.75%) p.a., repayable in full 1 year from drawdown; Bank loan C 3.45% (2024: 3.65%) p.a. Loan A RMB96,000,000 and loan B RMB54,000,000 secured over land and building of WPMC and corporate guarantees by associates of the Executive Chairman; loan C refinanced RMB85,000,000 (original RMB100,000,000) secured over land use rights of Wanning Yinhu Hot Spring Holiday Hotel Co., Ltd. and a guarantee; outstanding RMB85,000,000 (2024: RMB90,000,000).

Statements of financial position - bank borrowings and lease liabilities

Statements of financial position - bank borrowings and lease liabilities
Item / unit	2025Group, RMB'000	2024Group, RMB'000	2025Company, RMB'000	2024Company, RMB'000	Source
Current liabilities
Bank borrowings (current)RMB'000	160,000	240,000	-	-	PDF p. 82
Non-current liabilities
Bank borrowings (non-current)RMB'000	75,000	-	-	-	PDF p. 82
Current liabilities
Lease liabilities (current)RMB'000	1,636	1,448	-	-	PDF p. 82
Non-current liabilities
Lease liabilities (non-current)RMB'000	14,785	14,946	-	-	PDF p. 82

Payout

Dividends & distributions

Dividend policy

Item	Value	Period / scope	Source
Provision 11.6 – Dividend Policy	The Company does not have a policy on payments of dividends. The form, frequency and amount of dividends declared each year will take into consideration the group’s profit growth, cash position, positive cash generated from operations, projected capital requirements for business growth and other factors as the Board may deem appropriate. The Company endeavours to pay dividend and where dividends are not paid, the Company will disclose its reason(s) accordingly.	Company	PDF p. 48

Dividends declared and proposed

Item	Value	Period / scope	Source
Final dividend FY2025	No final dividend for FY2025 has been declared/recommended as the Board intends to reserve funds for future capital	FY2025 final dividend, Company	PDF p. 48
Special interim tax-exempt (one-tier) dividend	RMB0.370	FY2024 comparative, special interim tax-exempt (one-tier) dividend per ordinary share	PDF p. 128
Special interim tax-exempt (one-tier) dividend total	RMB148,000,000	FY2024 comparative, total approximate amount	PDF p. 128

Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

Item	Value	Period / scope	Source
Audit firm	FORVIS MAZARS LLP	Group and Company, FY2025	PDF p. 80
Engagement partner	Chin Chee Choon	Group and Company, FY2025	PDF p. 80
Unmodified opinion	properly drawn up in accordance with the provisions of the Companies Act 1967	Group and Company, FY2025	PDF p. 76

Going concern

Item	Value	Period / scope	Source
Going Concern (Continued)	no material uncertainty exists in relation to the Group’s ability to continue as a going concern	Group, FY2025	PDF p. 89

Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.

How to read these figures

Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.

Comparative figures follow Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.