CM Energy Tech Co., Ltd. 华商能源科技股份有限公司 （於開曼群島註冊成立之有限公司） （股份代號：206） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 –1– 一份載有（其中包括）建議修訂之進一步詳情及股東週年大會通告之通函將於適當時候寄 發予股東。 承董事會命 建議修訂 現有組織章程細則及 採納新組織章程細則 本公告由華商能源科技股份有限公司（「本公司」）根據香港聯合交易所有限公司（「聯交 所」）證券上市規則（「上市規則」）第13.51(1)條作出。 本公司董事（「董事」）會（「董事會」）建議修訂本公司現有第二次經修訂及重訂之組織章 程細則（「現有細則」），以(i)與上市規則有關進一步擴大無紙化上市機制及庫存股份之修 訂保持一致；及(ii)納入內務管理及雜項修訂（統稱「建議修訂」）。具體而言，建議修訂 的主要範疇包括(i)明確允許本公司以混合會議或電子會議方式舉行股東大會；(ii)促進以 電子方式發佈公司通訊；及(iii) ...

Financial Performance - For the fiscal year ending December 31, 2025, revenue was approximately $135.4 million, a decrease of 18.8% compared to 2024[2]. - Gross profit for the same period was approximately $31.3 million, down 24.4% from 2024[2]. - The gross profit margin decreased from 24.9% in 2024 to 23.2% in 2025, a decline of 1.7 percentage points[2]. - Profit attributable to owners of the company was approximately $1.6 million, a significant decrease of 82.8% from $9.2 million in 2024[2]. - Total comprehensive income for the year was $7.575 million, compared to $1.875 million in 2024[4]. - The company reported a pre-tax profit of $6,551,000 for 2025, down from $21,306,000 in 2024, indicating a significant decrease of about 69.2%[16]. - The company recorded a basic earnings per share of approximately $1,580,000 in 2025, compared to $9,160,000 in 2024, reflecting a decline of about 82.8%[19]. - The income tax expense for 2025 was $2,622,000, slightly down from $2,928,000 in 2024, showing a decrease of about 10.4%[18]. - The operating profit decreased by 64.5% to $5.0 million from $14.1 million in the previous year[30]. - The net profit attributable to owners was $1.6 million, an 82.8% decline from $9.2 million in 2024, with a net profit margin of 1.2%[30]. Assets and Liabilities - Current assets increased to $291.994 million in 2025 from $257.081 million in 2024[5]. - Cash and cash equivalents rose to $133.1 million in 2025, up from $84.1 million in 2024[5]. - Total equity attributable to owners of the company was $181.763 million in 2025, compared to $178.191 million in 2024[6]. - Non-current assets decreased to $42.963 million in 2025 from $53.289 million in 2024[5]. - Trade receivables decreased to $72,657,000 in 2025 from $140,059,000 in 2024, a reduction of approximately 48.2%[22]. - Inventory increased to $50,482,000 in 2025 from $37,184,000 in 2024, representing a growth of about 35.7%[21]. - Current liabilities increased to approximately $150.3 million in 2025 from $127.5 million in 2024[45]. - The asset-liability ratio was 45.2% as of December 31, 2025, compared to 42.2% in 2024[46]. Revenue Segments - The company reported revenue from the hydrogen energy segment of $522,000 in 2025, up from $387,000 in 2024, representing a growth of 35%[14]. - The maritime services segment generated revenue of $63,089,000 in 2025, compared to $92,699,000 in 2024, indicating a decline of 32%[14]. - The smart electric control segment's revenue decreased to $12,340,000 in 2025 from $32,692,000 in 2024, a drop of 62%[14]. - Total revenue for the company in 2025 was $135,362,000, down from $166,773,000 in 2024, reflecting a decrease of 19%[14]. - Revenue from external customers for Hydrogen Energy was $522,000 in 2025, up from $387,000 in 2024, while Marine Equipment revenue increased to $59,411,000 from $40,995,000[16]. - The total reported segment revenue for 2025 was $162,556,000, a decrease from $199,167,000 in 2024, reflecting a decline of approximately 18.4%[16]. Strategic Focus and Future Plans - The company is focusing on expanding its hydrogen-based energy solutions and maritime services to enhance future growth[14]. - The company is exploring new technologies in hydrogen production and smart electric control systems to stay competitive in the market[14]. - The company plans to continue focusing on its core products and technologies in hydrogen energy, including alkaline electrolysis and green fuel preparation services[15]. - The company aims to enhance its market presence through strategic expansions in its maritime services and smart electric control segments[15]. - The company is committed to enhancing its operational efficiency and exploring strategic partnerships to drive growth in its core business segments[14]. - The company plans to actively seek methods to hedge or reduce currency exchange risks in the future[50]. - The company aims to become a leading green energy equipment and service provider in China by 2026, focusing on four major business areas: hydrogen, shipping, intelligence, and marine[68]. - The company plans to achieve steady improvement in core technology and management capabilities through a dual approach of organic growth and acquisitions, targeting a significant expansion in market share within the green energy sector[69]. Corporate Governance and Shareholder Information - The board of directors did not recommend the declaration of any final dividend for the fiscal year ending December 31, 2025[2]. - The company has adhered to high standards of corporate governance to ensure transparency and protect shareholder interests[77]. - The company has conditionally agreed to issue and allot 1,621,717,000 shares at a price of HKD 0.20 per share, totaling HKD 324,343,400[79]. - As of the announcement date, the trustee holds 70,499,000 shares under the 2015 and 2019 share incentive plans, representing approximately 2.17% of the company's issued share capital[80]. - The annual performance announcement will be published on the company's website and the Hong Kong Stock Exchange website, containing all information required by listing rules[82].

华商能源科技股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，將於二零二六年 三月二十七日（星期五）上午十時正舉行董事會會議，商討（其中包括）下列事項：(i)考慮 及批准本公司及其附屬公司截至二零二五年十二月三十一日止年度之經審核綜合財務報 表（「年度業績」），並批准年度業績公告稿本；(ii)考慮派發末期股息（如有）；及(iii)處理 其他事項。 承董事會命 华商能源科技股份有限公司 主席 梅中華 香港，二零二六年三月十六日 於本公告日期，董事會包括一 (1) 名執行董事詹華鋒先生；五 (5) 名非執行董事梅中華先 生、劉建成先生、譚榮添先生、張熙政先生及張夢桂先生；以及三 (3) 名獨立非執行董事 鄒振東先生、張真女士及薛建中先生。 CM Energy Tech Co., Ltd. 华商能源科技股份有限公司 （於開曼群島註冊成立之有限公司） （股份代號：206） 董事會會議日期 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 华商能源科技股份有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2026年3月4日 FF301 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00206 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000 ...

Core Viewpoint - Huashang Energy (00206.HK) anticipates a significant decline in both revenue and profit for the fiscal year 2025 compared to 2024, primarily due to reduced orders and project delays [1] Group 1: Revenue Expectations - The company expects a revenue decrease of approximately 17% to 20% for the fiscal year 2025, with projected revenue around $16.68 million compared to $20 million in 2024 [1] Group 2: Profit Expectations - The anticipated profit attributable to the company's owners for 2025 is expected to decline by approximately 80% to 90%, with a projected profit of around $9.2 million for 2024 [1] Group 3: Reasons for Decline - The board attributes the expected decline in revenue and profit mainly to a reduction in orders for marine engineering-related electric control and lifting equipment to be completed and delivered in 2025 [1] - Additionally, delays in the execution of the land drilling rig upgrade project in Mexico, due to market and client-related reasons, are expected to result in a decrease in the volume of work completed and revenue recognized in 2025 [1]

Core Viewpoint - The company anticipates a significant decline in both revenue and profit for the fiscal year ending December 31, 2025, compared to the previous year [1] Group 1: Revenue Expectations - The company expects a revenue decrease of approximately 17% to 20% for the fiscal year 2025, compared to an estimated revenue of about $167 million for the fiscal year 2024 [1] Group 2: Profit Expectations - The company forecasts a decline in profit attributable to shareholders of about 80% to 90% for the fiscal year 2025, compared to an estimated profit of approximately $9.2 million for the fiscal year 2024 [1] Group 3: Reasons for Decline - The anticipated decline in revenue and profit is primarily attributed to a reduction in orders for marine-related electrical control and lifting equipment expected to be completed and delivered in 2025 [1] - Additionally, delays in the execution of land drilling rig upgrade projects in Mexico, due to market and client-related reasons, are expected to result in a decrease in the volume of work completed and revenue recognized in 2025 [1]

本公司董事會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者，根據董事會對本 集團截至二零二五年十二月三十一日止年度（「二零二五年度」）之最新未經審核綜合管理 賬目（尚未獲董事會審核委員會或本公司獨立核數師審閱或審計）的初步審閱，經考慮董事 會目前可得資料，預期(i)與二零二四年十二月三十一日止年度（「二零二四年度」）的收入 約166.8百萬美元相比，預期本集團二零二五年度收入錄得範圍約為17%至20%的下降；及 (ii) 與二零二四年度本公司擁有人應佔溢利約9.2百萬美元相比，預期本集團二零二五年度 本公司擁有人應佔溢利錄得範圍約為80%至90%的下降。 –1– 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CM Energy Tech Co., Ltd. 华商能源科技股份有限公司 （於開曼群島註冊成立之有限公司） （股份代號：206） 盈利警告 溢利減少 本公告由華商能源科技股份有限公司（「本公司」，連同其附屬公司合稱「本集團」）根據 ...

截至月份: 2026年1月31日 狀態: 新提交 FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 致：香港交易及結算所有限公司 公司名稱: 华商能源科技股份有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2026年2月3日 I. 法定/註冊股本變動 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 1. 股份分類 普通股 股份類別 不適用 於香港聯交所上市 (註1) 是 證券代號 (如上市) 00206 說明 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 3,243,433,914 0 3,243,433,914 增加 / 減少 (-) 0 0 本月底結存 3,243,433,914 0 3,243,433,914 足夠公眾持股量的確認(註4) | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《GEM上市規則》第17.37D(1)條或第25.21D(1)條，我們在此確認，就上述所列股份類別而言，截至本月底: | | --- | | ✔ 已符合適用的公眾持股量要求（見下方） | ...

Group 1 - Shandong Molong (00568.HK) experienced a decline of 7.21% [1] - Sinopec Oilfield Service (01033.HK) fell by 5.15% [1] - Huashang Energy (00206.HK) decreased by 1.72% [1] - WTI crude oil futures dropped by 3.37%, settling at $63.01 [1]

Core Viewpoint - Huashang Energy's stock price surged over 21% on January 26, reaching HKD 0.45, with a cumulative increase of over 73% this year, driven by Middle East supply disruptions and rising oil prices [1] Group 1: Stock Performance - On January 26, Huashang Energy's stock price increased by more than 21% [1] - The stock has shown a cumulative increase of over 73% since the beginning of the year [1] Group 2: Market Influences - Oil prices have risen due to supply disruptions in the Middle East, with the WTI crude oil March contract settling up 2.9% last Friday [1] - Natural gas futures prices have surpassed USD 6 per million British thermal units for the first time since 2022, influenced by a nationwide cold wave in the United States [1] Group 3: Strategic Development - Huashang Energy announced a strategic guideline for the next five years (2026-2030) in line with the national "14th Five-Year Plan" and "dual carbon" strategy [1] - The company aims to become a leading green energy and equipment service provider in China, focusing on integrated solutions combining technology, equipment, and services [1]