(「本公司」) 董事名單與其角色和職能 本公司董事會(「董事會」)成員載列如下:- 執行董事 熊 斌先生 (主席) 周 敏先生 ( 行政總裁 ) 李海楓先生 沙 寧女士 張文江先生 周雪燕女士 董渙樟先生 李 力先生 非執行董事 袁建偉先生 獨立非執行董事 審核委員會 佘俊樂先生 ( 主席 ) 郭 銳先生 周安達源先生 提名委員會 熊 斌先生 (主席) 佘俊樂先生 陳肇始女士 薪酬委員會 佘俊樂先生 郭 銳先生 周安達源先生 戴曉虎先生 陳肇始女士 董事會設立三個委員會。各董事會成員在這些委員會中所擔任的職位載列如下:- 郭 銳先生 ( 主席 ) 董渙樟先生 佘俊樂先生 香港，二零二五年十月二十四日 ...

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份內容 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。 執行總裁調任 北控水務集團有限公司董事會宣佈，本公司執行董事李力先生，現同時為本公 司執行總裁，調任為集團首席專家，自二零二五年十月二十四日起生效。 北控水務集團有限公司(「本公司」)董事(「董事」)會(「董事會」)宣佈，本公司 執行董事李力先生(「李先生」)，現同時為本公司執行總裁，以配合公司策略發 展的需要調任為集團首席專家，自二零二五年十月二十四日起生效。 李先生，六十歲，為高級工程師及註冊高級項目經理。自二零一四年起獲委任為 本公司執行董事及自二零二四年起為可持續發展委員會主席及現為本公司執行總 裁。 李先生於二零一零年十月加入本公司。 李先生亦分別為山高新能源集團有 限公司(股份代號: 1250)及北控城市資源集團有限公司(股份代號: 3718)各自之執行 董事, 該兩間公司的股份均於香港聯合交易所有限公司(「聯交所」)主板上市。 李先生畢業於西安交通大學機械工程系及清華大學環境學院工程博士。 ...

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 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 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) | 00371 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 15,000,000,000 | HKD | | 0.1 HKD | | 1,500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 15,000,000,000 | HKD | | 0.1 HKD | | 1,500,000,000 | 本月底法定/註冊股本總額： HKD 1,500,000,000 第 1 頁 共 10 頁 ...

26 September 2025 Dear Non-registered Shareholders(1), Beijing Enterprises Water Group Limited (the "Company") – Notice of publication of Interim Report 2025 (the "Current Corporate Communication") The Current Corporate Communication of the Company, in both English and Chinese versions, is now available on the website of the Company at www.bewg.net and the website of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") at www.hkexnews.hk respectively (the "Website Version"). The Company strongly r ...

26 September 2025 Dear Registered Shareholders(1), Beijing Enterprises Water Group Limited (the "Company") – Notice of publication of Interim Report 2025 (the "Current Corporate Communication") The Current Corporate Communication of the Company, in both English and Chinese versions, is now available on the website of the Company at www.bewg.net and the website of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") at www.hkexnews.hk respectively (the "Website Version"). The Company strongly recom ...

( (股份代號：371) 於百慕達註冊成立之有限公司 ) | 目 錄 | 2 | 公司資料 | | --- | --- | --- | | | 3 | 集團架構 | | | 4 | 主席報告 | | | 8 | 管理層討論及分析 | | | 29 | 簡明綜合損益表 | | | 30 | 簡明綜合全面收益表 | | | 31 | 簡明綜合財務狀況表 | | | 33 | 簡明綜合權益變動表 | | | 35 | 簡明綜合現金流量表 | | | 37 | 簡明綜合財務資料附註 | | | 59 | 須予披露之資料 | | | 71 | 企業管治 | 公司資料 董事會 執行董事 熊 斌先生 （主席） 周 敏先生 （行政總裁） 李海楓先生 沙 寧女士 張文江先生 周雪燕女士 董渙樟先生 李 力先生 非執行董事 袁建偉先生 獨立非執行董事 佘俊樂先生 郭 銳先生 周安達源先生 戴曉虎先生 陳肇始女士 審核委員會 佘俊樂先生 （主席） 郭 銳先生 周安達源先生 提名委員會 熊 斌先生 （主席） 佘俊樂先生 陳肇始女士 薪酬委員會 郭 銳先生 （主席） 董渙樟先生 佘俊樂先生 可持續發展委員會 李 力先生 （主席） 董渙 ...

Core Insights - The top short-selling stocks include New World Development Co. Ltd. (80016) and AIA Group Ltd. (81299), both with a short-selling ratio of 100%, followed by BYD Company Limited (81211) at 84.08% [1][2] - Alibaba Group Holding Limited (09988) leads in short-selling amount at 4.052 billion, followed by Baidu Inc. (09888) at 1.758 billion and Meituan (03690) at 1.615 billion [1][2] - The highest deviation values are seen in Alibaba-SWR (89988) at 32.37%, Nissin Foods (01475) at 31.05%, and China Xuyang Group (01907) at 26.53% [1][2] Short-Selling Ratio Summary - New World Development Co. Ltd. (80016): 634,800 with a short-selling ratio of 100.00% [2] - AIA Group Ltd. (81299): 144,800 with a short-selling ratio of 100.00% [2] - BYD Company Limited (81211): 2,118,500 with a short-selling ratio of 84.08% [2] - Anta Sports Products Limited (82020): 85,700 with a short-selling ratio of 83.05% [2] - China Resources Beer Holdings Company Limited (80291): 1,083,600 with a short-selling ratio of 75.33% [2] Short-Selling Amount Summary - Alibaba Group Holding Limited (09988): 4.052 billion with a short-selling ratio of 21.31% [2] - Baidu Inc. (09888): 1.758 billion with a short-selling ratio of 36.87% [2] - Meituan (03690): 1.615 billion with a short-selling ratio of 27.05% [2] - Tencent Holdings Limited (00700): 1.187 billion with a short-selling ratio of 12.24% [2] - BYD Company Limited (01211): 799 million with a short-selling ratio of 21.03% [2] Deviation Value Summary - Alibaba-SWR (89988): 8,385,400 with a short-selling ratio of 66.93% and a deviation value of 32.37% [2] - Nissin Foods (01475): 307,100 with a short-selling ratio of 38.98% and a deviation value of 31.05% [2] - China Xuyang Group (01907): 5,568,300 with a short-selling ratio of 34.03% and a deviation value of 26.53% [2] - AIA Group Ltd. (81299): 144,800 with a short-selling ratio of 100.00% and a deviation value of 25.88% [2] - Beijing Enterprises Water Group Limited (00371): 33,448,500 with a short-selling ratio of 49.80% and a deviation value of 25.23% [2]

Investment Rating - The industry investment rating is "Positive" and maintained [10] Core Viewpoints - The Ministry of Finance's comprehensive debt reduction measures have been effectively implemented since the fourth quarter of last year, with a focus on accelerating the issuance of local government special bonds and improving cash flow for environmental sectors [2][4][20] - The report highlights that the average interest cost of replaced debts has decreased by over 2.5 percentage points, saving more than 450 billion yuan in interest expenses [4][19] - The report anticipates that the early allocation of part of the 2026 new local government debt limit will further enhance cash flow for various environmental sectors [4][20] Summary by Sections Debt Issuance Progress - As of August 2025, 40% of the 60 billion yuan special debt limit for 2024-2026 has been issued, with 27.8 billion yuan of new local government special bonds issued this year [4][19] - The issuance of special refinancing bonds for debt replacement has accelerated, with 99% of the 2 trillion yuan quota for 2025 already in place [6][21] Cash Flow Improvement - The report suggests that the acceleration of debt reduction will benefit multiple environmental sectors, particularly those with significant government receivables [7][36] - The focus on debt reduction is expected to lead to a substantial improvement in cash flow for To G enterprises, as the government is committed to resolving hidden debt risks [5][20] Investment Logic - Two recommended investment strategies are identified: 1. Value side: Focus on sectors with large absolute receivables and low risk, such as waste incineration and water operations [7][38] 2. Elasticity side: Pay attention to sectors with low price-to-book ratios and high government receivables, where performance is significantly affected by credit impairment losses [7][38] Special Debt Utilization - The report notes that the use of special bonds for clearing government debts has become a new purpose for local government special bonds, with a focus on addressing overdue payments to enterprises [6][35]

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION 此乃要件 請即處理 If you are in any doubt as to any aspect of this document or as to the action to be taken, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser. 閣下如對本文件任何內容或應採取之行動有任何疑問，應諮詢 閣下之股票經紀或其他註冊證券交易商、銀行經理、律師、專業會計師或其他專業顧問。 (Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） (Stock code 股份代號：371) DIVIDEND CURRENCY ELECTION FORM W ...

Core Viewpoint - The company maintains a "buy" rating despite a decline in revenue due to reduced income from BOT water service projects, while demonstrating significant savings in financial expenses and effective cost control [1][2]. Financial Performance - In H1 2025, the company achieved revenue of 10.459 billion yuan, a year-on-year decrease of 8%, and a net profit attributable to shareholders of 0.897 billion yuan, down 20% [2]. - The revenue composition includes wastewater services (43%), water supply (14%), urban resource services (29%), and construction and technical service equipment sales (14%) [2]. - Gross margin improved by 1.98 percentage points to 39.95%, primarily due to an increase in the proportion of high-margin water treatment service revenue [2]. Cost Management - Management expenses decreased by 8% to 1.157 billion yuan, indicating effective cost control [2]. - Financial expenses reduced by 31% to 0.958 billion yuan, reflecting the company's ongoing efforts to optimize its debt structure [2]. Operational Stability - The company added 119,800 tons of water treatment capacity in H1 2025, all from entrusted operation projects, while exiting 558,800 tons due to project expiration [3]. - The total operational capacity stands at 43.3 million tons, with average contract prices for wastewater treatment at 1.56 yuan/ton and water supply at 2.15 yuan, unchanged from the end of 2024 [3]. Dividend and Capital Expenditure - The company plans to distribute an interim dividend of 0.0735 Hong Kong dollars per share, a 5% increase year-on-year [3]. - Capital expenditure in H1 2025 decreased by 40% to 0.943 billion yuan, with allocations for property, plant, equipment, and water plant construction [3].