Deutsche Bank deepens steady Operation in the first half of 2025, achieving revenue of 1.137 billion yuan

(August 28, 2025, Hong Kong)Deutsche Bank World Co., Ltd. (“Deutsche Bank World”or“Company”, together with its subsidiaries, collectively referred to as the “Group”; Stock Code: 2418.HK) is pleased to announce the Company's unaudited results for the six-month period ended June 30, 2025 (the “reporting period”).

In the face of a complex and changing market environment, Deutsche Bank adheres to the Operation policy of “innovation-driven, realistic and pragmatic, cooperative empowerment, and new quality development”, continues to promote the service layout of the entire commercial vehicle industry chain, and has made steady progress in the three major Sector of logistics and supply chain services, supply chain financial services, vehicle networking and data services.

Stable financial performance and structural optimization to withstand market fluctuations

In the first half of 2025, the Group achieved revenue of 1.137 billion yuan (RMB, same below) and Net income of 91.7 million yuan. Despite a year-on-year decline in revenue and Net income, mainly affected by the reduction in external supply chain projects and adjustments in the scale of some financial businesses, the Group maintained an increase in overall gross margin by optimizing the business structure, controlling costs, and improving operational efficiency, from 17.1% in the same period last year to 19.1%, showing strong profit quality and cost control capabilities.

By business Sector, logistics and supply chain services achieved revenue of 0.773 billion yuan and continued to be the Group's main source of revenue. The business in this Sector covers the three major areas of commercial vehicle manufacturing supply chain business, vehicle sales business, and aftermarket product business. Among them, 502 vehicles were sold, which achieved revenue of about 0.177 billion yuan; third-party logistics services achieved revenue of 0.161 billion yuan; and the aftermarket product business achieved revenue of 84.7 million yuan. Relying on commercial vehicle spare parts supply chain management capabilities and an “integrated logistics” service model, the Group is deeply integrated into the production planning system of commercial vehicle manufacturers. By eliminating redundant links, the Group continues to reduce logistics costs while ensuring service quality. For the six months ended June 30, 2025, the Group provided manufacturing supply chain services for the production of approximately 0.0712 million commercial vehicles and provided vehicle delivery logistics services for approximately 0.0417 million commercial vehicles.

Supply chain financial services generated revenue of 0.227 billion yuan. An additional investment amount of 2.434 billion yuan was added to the financial leasing business, and 1.213 billion yuan was added to the factoring business. The Group successfully issued Asset-Backed Securities (ABS) through diversified financing channels to further broaden funding sources.

The Internet of Vehicles and data services performed well, achieving revenue of 0.137 billion yuan, an increase of 9.6% over the previous year; mainly due to the overall increase in vehicle sales of commercial vehicle manufacturers in the first half of 2025, the sales revenue of connected vehicle products increased compared to the same period last year. As of June 30, 2025, the platform was connected to 1.2 million heavy commercial vehicles. It has a total of 38 patents and 129 copyrights, and many more patents are pending.

Optimize the governance structure and increase investment in innovation

The Group continues to improve risk management mechanisms, strengthen full-cycle control of business processes, and the overall Assets quality of financial leasing and factoring Business is stable. In terms of corporate governance, the Group has optimized the governance structure in accordance with the new “Company Law”, abolished the functions of the board of supervisors, and the board review committee exercises relevant powers to further enhance decision-making efficiency and transparency.

Financially, the company maintains a sound capital structure. As of June 30, 2025, cash and cash equivalents were $0.651 billion. R&D investment continued to increase. R&D expenditure reached 17.9 million yuan in the first half of the year, an increase of 18.5% over the previous year, demonstrating the importance the company attaches to technological innovation.

Future prospects

Looking ahead to the second half of the year, the company will continue to focus on New energy Fund and digital development. In the field of New energy Fund, it is planned to launch 2-3 integrated new energy capacity projects, build 2-3 energy refueling stations, and promote battery Bank projects. In terms of digital construction, it will accelerate the upgrading of vehicle networking technology, launch overseas differentiated hardware terminals, and develop general logistics and transportation management systems. At the same time, the company will establish a three-in-one overseas operation system of “vehicle sales+financial service+vehicle networking” to expand the international market. Improve the adaptability of supply chain finance, optimize the synergy between financial products and vehicle sales, strengthen global risk management and control, and build a diversified risk mitigation system. Digitalization and talent building go hand in hand, continuously promote digital Deutsche Bank construction and talent structure optimization, stimulate organizational vitality, and improve operational quality and efficiency.

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