相关事件 格隆汇8月25日丨江山控股(00295.HK)公告，截至2025年6月30日止六个月，集团收入减少约29.7%至约 人民币1.6亿元。该减少乃主要由于于2024年四月出售60%于相关营运附属公司的股权导致提供太阳能 发电厂运营及维护服务的收入减少。期内亏损1463万元，上年同期亏损1.83亿元。 江山控股(00295.HK)中期收入减少约29.7%至约1.6亿元 江山控股(00295.HK)预期中期亏损净额同比收窄 ...

公告称，收入减少乃主要由于于2024年四月出售60%于相关营运附属公司的股权导致提供太阳能发电厂 运营及维护服务的收入减少。 江山控股(00295)公布2025年中期业绩，收入约1.61亿元，同比减少29.73%;公司拥有人应占亏损1187.4万 元，同比收窄92.75%;每股亏损0.08分。 ...

公告称，收入减少乃主要由于于2024年四月出售60%于相关营运附属公司的股权导致提供太阳能发电厂 运营及维护服务的收入减少。 智通财经APP讯，江山控股(00295)公布2025年中期业绩，收入约1.61亿元，同比减少29.73%;公司拥有 人应占亏损1187.4万元，同比收窄92.75%;每股亏损0.08分。 ...

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。 KONG SUN HOLDINGS LIMITED 江 山 控 股 有 限 公 司 （股份代號： 295） （ 於 香 港 註 冊 成 立 之 有 限 公 司 ） 截至二零二五年六月三十日止六個月的 未經審核中期業績公告 江山控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈，本公司及其附屬公 司（統稱「本集團」）截至二零二五年六月三十日止六個月的未經審核簡明綜合中期業績如下。 簡明綜合損益表 截至二零二五年六月三十日止六個月 （除非另有說明，以人民幣呈列） | | | 截至六月三十日止六個月 | | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | 附註 | 人民幣千元 | 人民幣千元 | | | | （未經審核） | （未經審核） | | 收入 | 3 | 160,979 | 229,087 | | 銷售成本 | | (73,65 ...

內幕消息 — 虧損減少 本公告由江山控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）根據香港法例第 571章證券及期貨條例第XIVA部內幕消息條文（定義見香港聯合交易所有限公司證券上市 規則（「上市規則」））及上市規則第13.09條作出。 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 產生或因依賴該等內容而引致的任何損失承擔任何責任。 KONG SUN HOLDINGS LIMITED 江 山 控 股 有 限 公 司 （ 於 香 港 註 冊 成 立 之 有 限 公 司 ） （股份代號： 295） 股東及本公司有意投資者務請細閱預期於二零二五年八月底前刊發的本公司期內的中期 業績公告。股東及本公司有意投資者於買賣本公司股份時務請審慎行事。 承董事會命 本公司董事（「董事」）會（「董事會」）謹此知會股東及本公司有意投資者，根據對本集團截 至二零二五年六月三十日止六個月（「期內」）未經審核綜合管理賬目的初步審閱及董事會 目前可得之其他資料，本集團預期期內將錄得虧損淨額不多於約人民幣20,000,00 ...

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的任何損失承擔任何責任。 KONG SUN HOLDINGS LIMITED 江山控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本公司謹訂於二零 二五年八月二十五日在香港灣仔告士打道108號光大中心8樓803-4室舉行董事會會議，藉 以（其中包括）考慮及批准本公司及其附屬公司截至二零二五年六月三十日止六個月的中 期業績及其刊發，及考慮派付中期股息（如有）。 承董事會命 江山控股有限公司 主席兼非執行董事 蔣恆文先生 香港，二零二五年八月十三日 於本公告日期，董事會包括三名執行董事華民先生、李果先生及劉鶯女士；兩名非執行 董事蔣恆文先生及吳振洲先生；以及三名獨立非執行董事孫益文女士、唐健先生及唐映 紅女士。 江 山 控 股 有 限 公 司 （股份代號： 295） （ 於 香 港 註 冊 成 立 之 有 限 公 司 ） 董事會會議通告 ...

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 產生或因依賴該等內容而引致的任何損失承擔任何責任。 KONG SUN HOLDINGS LIMITED 江 山 控 股 有 限 公 司 （股份代號： 295） （ 於 香 港 註 冊 成 立 之 有 限 公 司 ） 二零二五年一至七月 以下載列本集團擁有的太陽能發電站發電量的進一步詳細資料（按地理位置示列）。 | | 於二零二五年 | | | | --- | --- | --- | --- | | | 七月三十一日 | 二零二五年 | 二零二四年 | | | 的太陽能 | 一月至七月 | 一月至七月 | | 省份 | 發電站數目 | 概約總發電量 | 概約同站發電量 | | | | （兆瓦時） | （兆瓦時） | | 陝西 | 3 | 56,837 | 63,268 | | 內蒙古 | 1 | 9,076 | 8,975 | | 山西 | 1 | 12,502 | 16,698 | | 安徽 | 5 | 94,665 | 90,601 | | 湖北 | 1 ...

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: | 2025年7月31日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | 江山控股有限公司 | | | | 呈交日期: | 2025年8月4日 | | | | I. 法定/註冊股本變動 不適用 | | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 00295 | 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 | | | 14,964,442,519 | | 0 | | 14,964,442,519 | | 增加 / ...

Core Viewpoint - *ST Jinshi is set to have its delisting risk warning and other risk warnings removed starting May 23, 2025, with its stock name changing from "*ST Jinshi" to "Jinshi Technology" [1] Group 1: Financial Performance - In 2024, *ST Jinshi reported a total profit of 3.4933 million yuan, a net loss of 16.2248 million yuan, and a net profit attributable to shareholders of -4.397 million yuan, with a revenue of 370 million yuan [3] - The company plans to sell its 100% stake in Jinshi Printing to an affiliate for 300 million yuan, completing the divestiture by December 31, 2024 [3] - As of December 31, 2024, *ST Jinshi achieved revenue of 258 million yuan from its energy storage systems and 12 million yuan from energy storage safety systems [3] Group 2: Business Transformation - Following a strategic transformation, *ST Jinshi has established multiple production lines for supercapacitors and energy storage systems, indicating a recovery in operational capacity [3] - The company has approximately 332 million yuan in orders for energy storage systems and 27.27 million yuan in orders for energy storage safety systems [4] - The increase in revenue without profit in 2024 and Q1 2025 is attributed to the early-stage nature of the energy storage business, lower gross margins compared to peers, and increased expenses for market penetration and brand establishment [4] Group 3: Industry Context - The energy storage business of *ST Jinshi aligns with industry trends, and the company asserts that its revenue recognition practices are commercially reasonable and consistent with industry norms [4] - Other companies, such as *ST Nongshang, are also experiencing similar conditions, with their revenue and net asset figures meeting the criteria for the removal of delisting risk warnings [4][6]

Financial Performance - The company reported a revenue of approximately RMB 392.96 million for the year ended December 31, 2024, a decrease of 17.2% compared to RMB 474.79 million in 2023[10]. - Gross profit for the year was approximately RMB 217.26 million, slightly down from RMB 219.65 million in the previous year[10]. - The company incurred a net loss of RMB 601.13 million, compared to a loss of RMB 328.65 million in 2023, reflecting a significant increase in losses[10]. - Revenue from electricity sales decreased by approximately 16.3% from RMB 286,256,000 to RMB 239,455,000 due to the sale of two solar power plants in the second half of 2023[35]. - Revenue from solar power plant operation and maintenance services dropped by approximately 68.9% from RMB 121,856,000 to RMB 37,980,000, with expectations of no revenue from this business in 2025[36]. - Revenue from financial services increased by approximately 73.3% to about RMB 115.53 million, driven by an increase in loans provided to customers[15]. - Other net losses changed from a net gain of approximately RMB 30,295,000 to a net loss of approximately RMB 14,441,000, primarily due to compensation from solar power plant construction litigation[39]. - Administrative expenses decreased by approximately 32.2% from RMB 193,473,000 to RMB 131,090,000, mainly due to a reduction in employee benefits expenses[40]. - The company recorded a net gain of approximately RMB 38,339,000 from the sale of subsidiaries, compared to a net loss of RMB 33,770,000 in 2023[41]. - Financial expenses decreased by approximately 40.3% from RMB 164,240,000 to RMB 98,070,000 due to a reduction in loans and borrowings[46]. Asset and Liability Management - The total assets of the company decreased to RMB 4.77 billion from RMB 5.72 billion in the previous year, indicating a reduction in overall asset base[10]. - The company's total liabilities decreased to RMB 2.43 billion from RMB 2.79 billion, showing a reduction in financial obligations[10]. - As of December 31, 2024, the total outstanding loans not impaired amounted to approximately RMB 493,085,000, a decrease of 27.7% from RMB 681,609,000 in 2023[16]. - The number of clients receiving loans decreased from 6,700 in 2023 to 5,500 in 2024, with 99.4% being individual clients[16]. - The company has classified credit risk into three stages based on various factors, including borrower repayment capacity and collateral effectiveness[24]. - The total amount of company bonds outstanding as of December 31, 2024, was HKD 9,000,000 (approximately RMB 8,334,000), down from HKD 19,000,000 (approximately RMB 17,218,000) as of December 31, 2023[59]. - The net debt-to-equity ratio increased to approximately 0.74 as of December 31, 2024, compared to 0.48 as of December 31, 2023[56]. - Total loans and borrowings increased by approximately 9.3% from RMB 1,659,216,000 as of December 31, 2023, to RMB 1,814,044,000 as of December 31, 2024[58]. Credit Risk Management - The expected credit loss provision for 2024 was approximately RMB 101,218,000, compared to RMB 49,728,000 in 2023, indicating an increase in credit risk[18]. - The aging analysis of receivables showed that non-overdue or impaired loans decreased from RMB 550,666,000 in 2023 to RMB 295,516,000 in 2024[17]. - The company’s credit risk management includes a credit committee responsible for policy formulation and loan approval, ensuring compliance with credit policies[19]. - The company has implemented a monitoring system for loan documents to ensure compliance with approval procedures and proper documentation[20]. - The company continues to monitor credit risk closely, ensuring timely responses to any signs of potential default[28]. - The company has not observed a significant increase in credit risk since initial recognition, indicating stable credit conditions[24]. - The company has implemented thorough due diligence procedures to understand client identities and financial situations, which is crucial for risk assessment[27]. Business Strategy and Future Outlook - The company aims to continue expanding its clean energy and technology finance businesses while optimizing its asset structure[8]. - The company plans to explore diversified business opportunities in the energy and healthcare sectors[8]. - The company plans to continue optimizing asset allocation efficiency and improving the performance of power plant equipment while exploring diversified business development[74]. - The group is focusing on developing solar projects in regions with strong energy demand to mitigate the risk of grid restrictions caused by excess power generation[103]. - The group has acknowledged that any adjustments in electricity prices could affect the profitability of new solar energy projects, emphasizing the importance of compliance with government regulations[104]. Corporate Governance and Compliance - The company has complied with the corporate governance code as per the listing rules throughout the year ending December 31, 2024[153]. - The board consists of eight directors, including three executive directors, two non-executive directors, and three independent non-executive directors[154]. - The audit committee reviewed and confirmed the accounting principles and practices adopted by the group for the year ending December 31, 2024[145]. - The company has established various channels for all directors to express opinions to the board openly and honestly[161]. - The company has implemented a mechanism for independent non-executive directors to confirm their independence annually[164]. - The company has adopted corporate governance policies and practices in compliance with the corporate governance code[168]. Employee and Social Responsibility - As of December 31, 2024, the group had approximately 101 employees in Hong Kong and China, a decrease from 1,375 employees in 2023[68]. - Employee benefits expenses from continuing operations totaled approximately RMB 130,787,000 for the year ended December 31, 2024, down from RMB 234,962,000 in 2023[68]. - The group made charitable donations of approximately RMB 3,204,000 for the year ending December 31, 2024, compared to RMB 9,000 in 2023[119]. - The group is committed to environmental sustainability and has implemented practices such as energy conservation and recycling to ensure effective resource utilization[97]. Shareholder Information - The board does not recommend the payment of a final dividend for the year ending December 31, 2024[88]. - The company has no predetermined dividend payout ratio, and any dividend declaration is subject to the board's discretion based on various factors[91]. - The company has not reported any shareholders waiving or agreeing to waive any dividend arrangements[89]. - The major shareholder, Xiang Jun, held 756,831,000 shares, representing 5.06% of the total issued shares as of December 31, 2024[137]. - The total number of issued shares as of December 31, 2024, was 14,964,442,519[138].