Day: 25 3 月, 2025

HONG KONG, Mar 25, 2025 - (ACN Newswire via SeaPRwire.com) - Cornerstone Technologies Holdings Limited (“Cornerstone Technolgies” or the “Group”; Stock code: 8391), a leading electric vehicle (EV) charging solutions provider in Hong Kong, today announced its audited annual results for the year ended 31 December 2024 (the “Reporting Year”).The Group achieved significant growth in the Reporting Year, with revenue nearly doubling to HK$153.1 million from HK$78.1 million in 2023. Gross profit surged by 91.8% year-on-year to HK$27.3 million. While the adjusted loss before interest, depreciation, and amortization (“Adjusted LBITDA”) further narrowed to HK$41.2 million, reflecting an improved operational efficiency and cost management.Robust Growth Across Core Businesses and Strong Market PotentialCornerstone Technologies’ core businesses – its private residential EV charging subscription service (Cornerstone HOME) and its public charging network (Cornerstone GO) – both demonstrated strong growth. The number of Cornerstone HOME subscribers has seen significant growth, surpassing 860 households, representing a 169.6% year-on-year increase in subscriptions. The Cornerstone GO public charging network experienced remarkable growth, expanding by 436.4% year-on-year, with membership surging 165.3% to 50,498. The total number of charging sites increased from 43 to 103. This expansion reflects the growing demand for sustainable EV charging solutions in Hong Kong. The Hong Kong Environmental Protection Department projects a 30% compound annual growth rate (CAGR) for the EV market between 2021 and 2030. In February 2025, nearly 65% of newly registered private cars were electric vehicles, highlighting significant market acceptance and substantial future growth potential. However, with approximately 112,000 registered EVs and only around 10,000 public charging points, a considerable supply-demand gap exists.Successful Thailand Expansion Drives International GrowthIn 2024, Cornerstone Technologies successfully launched its “Spark” branded EV charging network in Thailand, marking a key milestone in its international expansion strategy. This venture quickly gained traction, delivering a notable 544.4% increase in international revenue. Thailand's EV market is experiencing rapid growth. At the end of 2024, approximately 227,500 EVs were registered, yet only about 11,500 charging points were available - an EV-to-charger ratio of 19.8, indicating significant unmet demand and substantial growth potential. The Thai government's ambitious targets -725,000 EVs by 2026 and 2.5 million by 2040 - further underscore this potential. Based on Hong Kong's EV-to-charger ratio of 10.8, Thailand would require at least 67,129 charging points by 2026 alone. This significant market opportunity prompted Cornerstone Technologies' strategic entry into the Thai market, enabling the company to expand its global presence and build a strong foundation for future growth by directly addressing this demand.Commentary from Mr. Vincent Yip, CEO and Executive Director of Cornerstone Technologies: “The Group is making strong progress towards profitability and is confident about its future. We are actively pursuing growth opportunities in Hong Kong, Thailand, and other markets. Our focus remains on driving technological innovation and service excellence, reinforcing our industry leadership. Sustainability is central to our strategy. We are committed to expanding our intelligent and high-efficiency charging solutions to meet market demand and create long-term value for our stakeholders. We believe that through continuous innovation and strategic planning, Cornerstone Technologies will play a key role in shaping a greener and smarter future for the EV industry.” Copyright 2025 ACN Newswire via SeaPRwire.com.

香港, 2025年3月25日 - (亚太商讯 via SeaPRwire.com) - 香港领先的电动车（EV）充电解决方案供应商基石科技控股有限公司（「基石科技」或「集团」；股份代号 8391.HK），今天公布其截至2024年12月31日止年度（「报告年度」）的经审核全年业绩。于报告年度内，集团业绩取得了显著的增长，收入由去年的7,810万港元增长近一倍至1亿5,310万港元。毛利同比增长91.8%至2,730万港元。此外，经调整之扣除利息、折旧及摊销前亏损（「经调整LBITDA」）亦进一步收窄至4,120万港元，体现了运营效率和成本管理方面的持续优化。核心业务强劲增长 市场增长潜力优厚基石科技核心业务 - 私人住宅EV充电订阅服务（Cornerstone HOME）及公共充电网络（Cornerstone GO）均展现强劲增长势头。其中，Cornerstone HOME订户数量大幅增长，突破860戶，业务同比增长达169.6%；而公共充电网络业务Cornerstone Go更录得436.4%的显著同比增长，会员则同比大增165.3%至50,498名，站点总数亦由去年的43个增至103个。业务扩张充分反映本港市场对可持续充电解决方案的需求持续攀升。香港环境保护署预计香港EV市场于2021年至2030年间的复合年增长率将达30%。于2025年二月，本港新登记的私家车中，接近六成半为电动车，反映市场对EV的接受程度极高，且未来增长潜力庞大。然而，目前全港登记的EV总数已达112,000辆，而公共电动车充电设备仅约10,000个，供需之间仍存在显著差距。成功进军泰国市场 推动国际业务增长基石科技于2024年成功拓展至泰国市场，并以Spark品牌正式营运，在该国建立电动车充电站网络，标志着集团国际扩展策略的重要里程碑。泰国业务迅速获得市场认可，更带动国际收入录得544.4%的显著增幅。泰国电动车市场正处于快速增长阶段，截至2024年底，该国已登记EV约为227,500辆，但可用充电设备仅有约11,500个充电点，EV与充电器的比例高达19.8，反映出显著的需求与发展空间。泰国政府更订下目标，计划于2026年将EV数量提升至725,000辆，并于2040年达到250万辆，进一步凸显市场潜力。参考香港EV与充电器比例10.8的标准，泰国到2026年至少需要67,129个充电点。这巨大的市场机遇促使基石科技战略性进军泰国市场，扩展其全球布局，为未来业务扩展奠定坚实基础。基石科技行政总裁兼执行董事叶兆康先生表示：「集团正稳步迈向盈利，并对未来发展充满信心。我们将积极把握香港、泰国及其他市场的发展机遇，专注于推动技术创新与提供优质服务，巩固行业领导地位。可持续发展为我们战略的核心 - 我们致力于拓展智能化及高效能的充电解决方案，以满足市场需求，为持份者创造长远价值。我们相信，透过不断创新与战略布局，基石科技将在行业中扮演关键角色，携迈向更绿色、更智能的未来。」 Copyright 2025 亚太商讯 via SeaPRwire.com.