Group 1 - The core point of the article is that Jiangshan Holdings (00295.HK) reported a significant revenue decrease of approximately 29.7% to around RMB 160 million for the six months ending June 30, 2025, primarily due to the sale of 60% of its operational subsidiary in April 2024, which led to a reduction in revenue from solar power plant operation and maintenance services [1] - The company incurred a loss of RMB 14.63 million during the period, which is an improvement compared to a loss of RMB 183 million in the same period last year [1] - Jiangshan Holdings anticipates a narrowing of net loss for the interim period compared to the previous year [1]

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。 ...

Core Insights - Jiangshan Holdings (00295) reported a mid-year performance for 2025, with revenue approximately 161 million, representing a year-on-year decrease of 29.73% [1] - The company recorded a loss attributable to shareholders of 11.874 million, narrowing by 92.75% year-on-year [1] - Earnings per share showed a loss of 0.08 cents [1] Revenue Analysis - The decline in revenue is primarily attributed to the sale of 60% of the equity in a related operating subsidiary in April 2024, which led to a reduction in income from solar power plant operation and maintenance services [1]

[Financial Statements](index=1&type=section&id=Financial%20Statements) [Condensed Consolidated Statement of Profit or Loss](index=1&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss) For the six months ended June 30, 2025, the Group's revenue decreased by 29.7% to 160,979 thousand RMB, but loss for the period significantly narrowed by 92.0% to 14,626 thousand RMB, primarily due to reduced administrative and finance costs, improving loss per share to 0.08 RMB cents. Key Data from Condensed Consolidated Statement of Profit or Loss | Metric | Six Months Ended June 30, 2025 (thousand RMB) | Six Months Ended June 30, 2024 (thousand RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 160,979 | 229,087 | -29.7% | | Cost of sales | (73,658) | (110,537) | -33.4% | | Gross profit | 87,321 | 118,550 | -26.3% | | Other gains/(losses) – net | 10,364 | (2,687) | N/A | | Administrative expenses | (34,856) | (177,210) | -80.3% | | Finance costs | (47,777) | (58,039) | -17.7% | | Loss for the period | (14,626) | (182,664) | -92.0% | | Loss for the period attributable to owners of the Company | (11,874) | (163,727) | -92.7% | | Basic and diluted loss per share (RMB cents) | (0.08) | (1.09) | -92.7% | [Condensed Consolidated Statement of Comprehensive Income](index=3&type=section&id=Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) For the six months ended June 30, 2025, the Group's total comprehensive income turned from a loss of 155,643 thousand RMB to a gain of 48,548 thousand RMB, driven by fair value changes in financial assets and increased exchange differences. Key Data from Condensed Consolidated Statement of Comprehensive Income | Metric | Six Months Ended June 30, 2025 (thousand RMB) | Six Months Ended June 30, 2024 (thousand RMB) | | :--- | :--- | :--- | | Loss for the period | (11,874) | (163,727) | | Net fair value change of financial assets measured at fair value through other comprehensive income | 17,398 | (20,609) | | Exchange differences on translation of financial statements of overseas operations | 43,024 | 28,693 | | Other comprehensive income for the period (net of tax) | 60,422 | 8,084 | | Total comprehensive income for the period | 48,548 | (155,643) | | Total comprehensive income for the period attributable to owners of the Company | 51,300 | (136,706) | [Condensed Consolidated Statement of Financial Position](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As at June 30, 2025, the Group's total assets less current liabilities decreased to 3,190,476 thousand RMB, while net assets increased to 2,380,089 thousand RMB, with shifts in non-current and current asset components. Key Data from Condensed Consolidated Statement of Financial Position | Metric | As at June 30, 2025 (thousand RMB) | As at December 31, 2024 (thousand RMB) | Change (%) | | :--- | :--- | :--- | :--- | | **Non-current assets** | | | | | Solar power plants | 1,347,799 | 1,397,635 | -3.6% | | Financial assets measured at fair value through other comprehensive income | 434,415 | 559,211 | -22.3% | | Total non-current assets | 2,370,037 | 2,565,118 | -7.6% | | **Current assets** | | | | | Trade and other receivables | 2,023,709 | 1,989,400 | +1.7% | | Cash and cash equivalents | 53,059 | 76,705 | -30.8% | | Total current assets | 2,237,337 | 2,203,088 | +1.6% | | **Current liabilities** | | | | | Trade and other payables | 421,773 | 470,319 | -10.3% | | Loans and borrowings | 963,573 | 967,383 | -0.4% | | Total current liabilities | 1,416,898 | 1,479,014 | -4.2% | | **Non-current liabilities** | | | | | Loans and borrowings | 717,644 | 846,661 | -15.3% | | Total non-current liabilities | 810,387 | 951,603 | -14.8% | | Net assets | 2,380,089 | 2,337,589 | +1.8% | | Total equity | 2,380,089 | 2,337,589 | +1.8% | [Notes to the Condensed Consolidated Interim Financial Statements](index=6&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Interim%20Financial%20Statements) [1. Basis of Preparation](index=6&type=section&id=1.%20Basis%20of%20Preparation) The condensed consolidated interim financial information was prepared under HKAS 34 and authorized for issue on August 25, 2025, reviewed by the audit committee and approved by the board, but not audited. - Interim financial information was prepared under Hong Kong Accounting Standard **34** and authorized for issue on **August 25, 2025**[11](index=11&type=chunk) - This report was not audited by the auditor but was reviewed by the audit committee and approved by the board of directors[12](index=12&type=chunk) [2. Significant Accounting Policies](index=7&type=section&id=2.%20Significant%20Accounting%20Policies) The Group's accounting policies are consistent with the 2024 annual report, with new standards adopted having no material impact on the current financial statements. - Accounting policies are consistent with the **2024** annual report, except for the adoption of new standards[13](index=13&type=chunk) - The adoption of Hong Kong Accounting Standard **21** (Revised) "Lack of Exchangeability" has **no material impact** on the current financial statements[13](index=13&type=chunk) - Several new or revised Hong Kong Financial Reporting Standards have been issued but are not yet effective, and the Group cannot yet determine if they will lead to **significant changes**[14](index=14&type=chunk) [3. Revenue](index=8&type=section&id=3.%20Revenue) For the six months ended June 30, 2025, total revenue decreased by 29.7% to 160,979 thousand RMB, primarily due to the cessation of solar power plant operation and maintenance services and health management services after business disposals. Revenue Breakdown by Category | Revenue Category | Six Months Ended June 30, 2025 (thousand RMB) | Six Months Ended June 30, 2024 (thousand RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Electricity sales | 104,255 | 130,030 | -19.8% | | Interest income from provision of financial services | 56,724 | 55,837 | +1.6% | | Provision of solar power plant operation and maintenance services | – | 37,871 | -100% | | Health management services | – | 5,349 | -100% | | **Total Revenue** | **160,979** | **229,087** | **-29.7%** | - Electricity sales revenue includes renewable energy subsidies of approximately **66,129 thousand RMB** (prior period **2024**: **84,889 thousand RMB**)[17](index=17&type=chunk) [4. Other Gains/(Losses) – Net](index=8&type=section&id=4.%20Other%20Gains%2F(Losses)%20%E2%80%93%20Net) For the six months ended June 30, 2025, the Group recorded net other gains of 10,364 thousand RMB, a significant improvement from a loss of 2,687 thousand RMB in the prior period, mainly due to increased property rental income and reduced rectification expenses. Other Gains/(Losses) – Net Breakdown | Metric | Six Months Ended June 30, 2025 (thousand RMB) | Six Months Ended June 30, 2024 (thousand RMB) | | :--- | :--- | :--- | | Interest income | 6,392 | 6,788 | | Net exchange (losses)/gains | (3,458) | 1,903 | | Property rental income | 6,171 | – | | Solar power plant rectification expenses | – | (10,932) | | Others | 1,259 | (446) | | **Total** | **10,364** | **(2,687)** | [5. Finance Costs](index=9&type=section&id=5.%20Finance%20Costs) For the six months ended June

集团期内的预期亏损净额减少主要由以下各项因素结合产生：1.应占合营公司亏损减少约人民币3000万 元；及2.行政开支减少约人民币1.4亿元，原因为期内雇员福利开支减少。 格隆汇8月18日丨江山控股(00295.HK)公告，集团预期截至2025年6月30日止6个月期内将录得亏损净额 不多于约人民币2000万元，而截至2024年6月30日止6个月则录得亏损净额约人民币1.82亿元。 ...

Core Viewpoint - Jiangshan Holdings (00295) expects to incur a net loss of no more than approximately RMB 20 million in the first half of 2025, compared to a net loss of approximately RMB 183 million in the same period of 2024 [1] Summary by Relevant Categories Financial Performance - The anticipated reduction in net loss is primarily attributed to a decrease in share of losses from joint ventures by approximately RMB 30 million [1] - Administrative expenses are expected to decrease by approximately RMB 140 million, mainly due to reduced employee benefits expenses during the period [1]

公告称，预期亏损净额减少主要由以下各项因素结合产生：应占合营公司亏损减少约人民币3000万元; 及行政开支减少约人民币1.4亿元，原因为期内僱员福利开支减少。 智通财经APP讯，江山控股(00295)公布，该集团预期于2025年上半年取得亏损净额不多于约人民币2000 万元，而2024年同期亏损净额约人民币1.83亿元。 ...

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 ...

格隆汇8月13日丨江山控股(00295.HK)宣布，公司谨订于2025年8月25日在香港湾仔告士打道108号光大 中心8楼803-4室举行董事会会议，藉以(其中包括)考虑及批准公司及其附属公司截至2025年6月30日止六 个月的中期业绩及其刊发，及考虑派付中期股息(如有)。 ...

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 ...