The net profit attributable to common stock shareholders of HORIZON CD (09930) in the first three quarters decreased by over 70% compared to the same period last year.

HORIZON CD (09930) announced that in the third quarter of 2025, the rental rates of major equipment categories in the domestic market continued to be at a high level compared to the end of the second quarter (with the rental rate of high-altitude operation platforms at around 80% at the end of the quarter). The total revenue of the Group for the first three quarters decreased by more than 10% year-on-year, mainly due to the oversupply situation in the domestic market which has not improved, leading to a continuous decline in rental prices for high-altitude operation platforms. In response to the changing domestic environment, the Group has actively adjusted its asset structure and reduced the scale of its domestic business. The Group's attributable net profit to ordinary shareholders for the first three quarters decreased by over 70% year-on-year, showing a slight improvement compared to the previous six months. For the overseas market, the Group is implementing a steady expansion strategy while balancing operational risks, by expanding the scale of asset management overseas and increasing the layout of overseas branches, as well as continuously optimizing and adjusting the structure of overseas assets to enhance risk management. In the review period, the contribution of overseas divisions to the overall performance of the Group has become more significant. By the end of the third quarter, the proportion of overseas revenue to total revenue has exceeded 15%, and the proportion of overseas gross profit to total gross profit has exceeded 25%. During the review period, the Group maintained prudent control over new capital expenditures and continued to promote the enhancement of the full lifecycle value of assets through the adjustment of business networks both domestically and overseas. The Group's financing cost rate continued to decrease, and overall financial conditions remained secure and stable. Looking ahead to the full year, the Group will continue to respond prudently to environmental changes, with a focus on maintaining a healthy and stable financial structure, striving to achieve good returns for shareholders.