Financial Performance - Total revenue for the year ended December 31, 2025, was HKD 17,326,524, a decrease from HKD 29,184,915 in 2024, representing a decline of approximately 40.8%[2] - The company reported a net loss of HKD 782,386 for the year 2025, compared to a profit of HKD 55,578 in 2024, indicating a significant downturn in profitability[3] - The company’s gross profit margin was negative, with cost of revenue at HKD 17,088,082 against total revenue of HKD 17,326,524[2] - The company recorded a loss before tax of HKD 782,204,000 in 2025 compared to a profit of HKD 55,155,000 in 2024[39] - The group reported a net loss of approximately HKD 782,386,000 for the year ending December 31, 2025[8] - The group reported a loss attributable to shareholders of HKD 758,613,000 for 2025, compared to a profit of HKD 54,128,000 in 2024[45] - The company reported a loss of HKD 782,386,000 for the year, compared to a profit of HKD 55,578,000 in the previous year, primarily due to a decline in global oil prices and weak demand for refined oil in China[94] Assets and Liabilities - Total assets as of December 31, 2025, were HKD 2,763,929, slightly down from HKD 2,799,999 in 2024[4] - Current liabilities increased to HKD 1,506,937 in 2025 from HKD 816,878 in 2024, reflecting a rise of approximately 84.5%[5] - Non-current liabilities totaled HKD 675,774 in 2025, compared to HKD 682,942 in 2024, showing a slight decrease[5] - Total liabilities increased to HKD 2,182,711,000 in 2025 from HKD 1,499,820,000 in 2024[31] - The company’s total liabilities rose to HKD 2,182,711,000, up from HKD 1,499,820,000, indicating increased financial leverage[111] Cash and Liquidity - The company's cash and bank balances decreased to HKD 63,724 in 2025 from HKD 278,675 in 2024, a decline of about 77%[4] - The group's cash and bank balances were only HKD 63,724,000, indicating potential liquidity issues[8] - The group has secured bank credit facilities amounting to HKD 750,938,000 for operational funding[111] Impairment and Provisions - Impairment losses on non-current assets were HKD 566,099,000 in 2025, compared to a reversal of HKD 137,606,000 in 2024[32] - The company recorded a significant increase in expected credit loss provisions, rising 820% from HKD 5,676,000 in 2024 to HKD 52,201,000 in 2025[90] - The company recorded an impairment loss of HKD 58,149,000 on goodwill and intangible assets related to its acquisition of Henan Yanchang[100] Revenue Breakdown - Revenue from oil and gas sales was HKD 186,175,000 in 2025, down 43.7% from HKD 331,333,000 in 2024[39] - Revenue from trading and distribution of petroleum-related products was HKD 17,140,349,000 in 2025, a decline of 40.5% from HKD 28,853,582,000 in 2024[39] - The average sales price and sales volume in the Chinese market decreased, leading to a drop in revenue from HKD 28,853,582,000 in 2024 to HKD 17,140,349,000 in 2025[79] Operational Efficiency and Cost Management - The company implemented cost control measures that resulted in a reduction of operating expenses by CAD 1.16 million, a decrease of 7% year-on-year[65] - The company reduced administrative expenses from HKD 86,830,000 in 2024 to HKD 73,234,000 in 2025, saving HKD 13,596,000[86] - The company aims to enhance operational efficiency and control costs through technology application and process optimization in its upstream segment[76] Governance and Compliance - The board is committed to high standards of corporate governance, focusing on transparency, accountability, and fairness[132] - The company has implemented a health, safety, and environmental policy prioritizing continuous improvement and legal compliance[129] - The audit committee consists of three independent non-executive directors, responsible for reviewing financial data and overseeing risk management[135] Future Outlook and Strategic Plans - The company plans to conduct a five-year development plan study, focusing on different international oil price scenarios and setting production targets between 120,000 tons and 400,000 tons[66] - The company is actively developing LNG business, having completed feasibility studies and signed framework contracts, laying the groundwork for new profit growth points[72] - The outlook for 2026 indicates that geopolitical tensions in the Middle East may lead to increased volatility in oil prices, with WTI oil prices exceeding $100 per barrel in early March[75]

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。 （於 百慕達註冊成立之有限公司） （股份代號：00346） 董事會會議召開日期 延 長 石 油 國 際 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 宣 佈，董 事 會 會 議 將 於 二 零 二 六 年 三 月 二 十 六 日（星 期 四）舉 行，以 考 慮 及 批 准（其 中 包 括）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經審核之年度業績及建議 派 發 末 期 股 息（如 有）。 非 執 行 董 事： 鹿譯文女士 獨 立 非 執 行 董 事： 吳永嘉先生 梁廷育先生 孫立明先生 牟國棟博士 承董事會命 延長石油國際有限公司 主 席 封銀國 香 港，二 零 二 六 年 三 月 十 六 日 執 行 董 事： 封銀國先生 （主 席） 王海寧女士 丁嘉晟先生 ...

（於 百慕達註冊成立之有限公司） （股份代號：00346） 盈利警告 本 公 告 由 延 長 石 油 國 際 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱 為「本集團」） 根據香港聯合交易所有限公司證券上市規則第13.09條及香港法例第571章證券 及期貨條例第XIVA部 之 內 幕 消 息 條 文 而 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倚賴該等內容而引致的任何損失承擔任何責 任。 主 席 封銀國 本 公 司 董 事 會（「董事會」）謹 此 知 會 本 公 司 股 東 及 有 意 投 資 者，根 據 現 有 本 集 團 之 未 經 審 核 管 理 賬 目，本 集 團 預 期 截 至 二 零 二 五 年 十 二 月 三 十 一 日 止 年 度 將 錄得虧損約7.8億 港 元，對 比 去 年 利 潤 約5,600萬 港 元。 在 俄 烏 戰 爭 曠 日 持 久、中 東 緊 張 局 勢 加 劇 以 及 美 ...

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 | 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) | 00346 | 說明 | 普通股 | | | | | | | | 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 | | | 1,100,102,803 | | 0 | | 1,100,102,803 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 1,100,102,803 | | 0 | | 1,100,102,803 | 公司名稱: 延長石油國際有限公司 呈交日期: 2026年3月2日 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) | ...

Core Viewpoint - Hong Kong oil stocks have shown strong performance against the market trend, driven by rising international oil prices and escalating tensions between the US and Iran in the Middle East [1] Group 1: Stock Performance - China Petroleum & Chemical Corporation (00857) increased by 4.47%, reaching a latest price of 9.590 with a total market capitalization of 1.76 trillion, marking a year-to-date increase of 14.44% [2] - CNOOC Services (02883) rose by 3.81%, with a latest price of 10.070 and a market cap of 48.05 billion, reflecting a year-to-date increase of 44.06% [2] - Yanchang Petroleum International (00346) saw a 3.75% increase, with a latest price of 0.415 and a market cap of 0.457 billion, showing a year-to-date increase of 13.70% [2] - China National Offshore Oil Corporation (00883) increased by 3.26%, with a latest price of 25.960 and a market cap of 1.23 trillion, resulting in a year-to-date increase of 21.88% [2] - China Petroleum & Chemical Corporation (00386) had a modest increase of 0.74%, with a latest price of 5.480 and a market cap of 662.67 billion, reflecting a year-to-date increase of 17.34% [2]

Group 1 - The core viewpoint of the news is that Hong Kong oil stocks are performing strongly against the market trend, driven by rising international oil prices and escalating tensions between the US and Iran in the Middle East [1] Group 2 - China Petroleum & Chemical Corporation (00857) saw a price increase of over 4.47%, with a latest price of 9.590 and a total market capitalization of 1.76 trillion, reflecting a year-to-date increase of 14.44% [2] - CNOOC Services (02883) rose by 3.81%, reaching a price of 10.070 and a market cap of 48.05 billion, with a year-to-date increase of 44.06% [2] - Yanchang Petroleum International (00346) increased by 3.75%, with a latest price of 0.415 and a market cap of 0.457 billion, showing a year-to-date increase of 13.70% [2] - China National Offshore Oil Corporation (00883) experienced a 3.26% rise, with a price of 25.960 and a market cap of 1.23 trillion, marking a year-to-date increase of 21.88% [2] - Sinopec Limited (00386) had a modest increase of 0.74%, with a latest price of 5.480 and a market cap of 662.672 billion, reflecting a year-to-date increase of 17.34% [2]

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1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: 延長石油國際有限公司 呈交日期: 2026年2月3日 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) | 00346 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.4 | HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.4 | HKD | | 2,000,000,000 | 本月 ...

Core Viewpoint - International oil prices have declined, leading to a continued drop in Hong Kong's oil stocks, with significant losses reported across various companies in the sector [1] Group 1: Company Performance - Yanchang Petroleum International has seen a decline of over 7% [1] - CNOOC (China National Offshore Oil Corporation) and Shanghai Petrochemical have both dropped nearly 4% [1] - PetroChina has experienced a decrease of 3% [1] - China Oilfield Services has fallen by 2% [1] - Sinopec (China Petroleum & Chemical Corporation) has decreased by 1.3% [1]

Group 1 - International oil prices have declined, leading to a continued drop in Hong Kong oil stocks, with 延长石油国际 falling over 7% and 中国海洋石油 and 上海石油化工 down nearly 4% [1] - In Asian early trading, WTI crude oil fell below $63 per barrel, down 4.24%, while Brent crude dropped 3.29% to $67.037 per barrel [1] - The decline in oil prices is attributed to reduced supply disruption risks due to indications of potential negotiations between the US and Iran, as stated by Trump and reported by The Wall Street Journal [1] Group 2 - The stock performance of various oil companies includes 延长石油国际 at 0.390 (-7.14%), 甲国海洋石温 at 23.480 (-3.69%), 上海石油化工股 at 1.530 (-3.77%), 中国石油股份 at 9.000 (-3.02%), 中海油田服务 at 8.400 (-1.98%), 昆仑能源 at 7.880 (-1.50%), and 中国石油化工股 at 5.310 (-1.30%) [2]

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。 股東特別大會投票表決結果 董事會欣然宣佈於二零二六年一月十五日舉行的股東特別大會上提呈的普通 決 議 案（「該決議案」）（載 於 通 告 內）已 以 投 票 表 決 方 式 獲 獨 立 股 東 正 式 通 過。 於 股 東 特 別 大 會 日 期，本 公 司 已 發 行 股 份 總 數 為1,100,102,803股 股 份。誠 如 通 函 所 述，延 長 石 油 香 港 為 控 股 股 東，持 有634,310,161股 股 份，佔 本 公 司 於 股 東 特 別 大會日期已發行股本約57.66%。延 長 石 油 香 港 已 就 於 股 東 特 別 大 會 上 提 呈 的 該 決 議 案 放 棄 投 票。因 此，合 共 持 有465,792,642股股份的獨立股東有權親自或委 派 代 表 出 席 股 東 特 別 大 會，並 就 會 上 提 呈 的 ...