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。 承董事會命 北控水務集團有限公司 主席 熊斌 香港，二零二四年十二月三十一日 於本公告日期，本公司董事會由八名執行董事包括熊斌先生(主席)、姜新浩先生、周敏先生(行 政總裁)、李海楓先生、沙寧女士、張文江先生、董渙樟先生及李力先生，一名非執行董事袁建 偉先生，以及五名獨立非執行董事包括佘俊樂先生、郭銳先生、周安達源先生、戴曉虎先生及 陳肇始女士組成。 本海外監管公告乃由北控水務集團有限公司(「本公司」)根據香港聯合交易所有限公司 證券上市規則第 13.10B 條刊發。 謹此提述本公司日期為二零二四年八月十九日就有關中國證券監督管理委員會批准北控 水務（中國）投資有限公司公開發行面值總額不超過人民幣 50 億元的可續期公司債券 的公告、日期為二零二四年八月十九日就有關發行第一期可續期公司債券人民幣 10 億 元的公告及日期為二零二四年十一月二十五日就有關發行第二期可續期公司債券人民幣 15 億元的公告(「 ...

袁建偉先生 (「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) 姜新浩先生 周 敏先生 ( 行政總裁 ) 李海楓先生 沙 寧女士 張文江先生 董渙樟先生 李 力先生 ( 執行總裁 ) 非執行董事 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 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:- 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) 郭 銳先生 佘俊樂先生 薪酬委員會 郭 銳先生 ( 主席 ) 董渙樟先生 佘俊樂先生 香港，二零二四年十二月六日 ...

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。 李先生已確認彼與董事會並無意見分歧，亦無任何彼之辭任有關的其他事項敦 請本公司證券持有人及香港聯合交易所有限公司垂注。 非執行董事之變更 北控水務集團有限公司董事會宣佈下列變動自二零二四年十二月六日起生效: 辭任本公司非執行董事 北控水務集團有限公司(「本公司」)董事會(「董事會」)宣佈，李天智先生(「李 先生」)因職務調動關係而提呈辭任本公司之非執行董事，自二零二四年十二月 六日起生效。 本公司與袁先生已簽訂委任書，其委任由二零二四年十二月六日起生效，任期 三年，但根據本公司之經修訂及經重列公司細則及上市規則(經不時修訂)，袁先 生的任期須直至本公司首屆股東週年大會舉行為止，並可膺選連任，其後於本 公司之股東週年大會上輪值告退及膺選連任。袁先生享有年度董事袍金每年 240,000港元及/或由董事會參照市場情況、本集團表現、彼之職務和表現而釐定 花紅。 董事會並無其它有關袁先生的委任事宜需要本公司證券持 ...

海外監管公告 本公司全資附屬公司 北控水務（中國）投資有限公司 公開發行 2024 年可續期公司債券 本海外監管公告乃由北控水務集團有限公司（「本公司」）根據香港聯合交易所 有限公司證券上市規則第 13.10B 條刊發。 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。 1. 北控水務（中國）投資有限公司2024年面向專業投資者公開發行科技創新可 續期公司債券（第二期）募集說明書。詳細內容，請參閱發行人於上交所網 站刊發的公告，網址如下： 謹此提述本公司日期為二零二四年八月十九日就有關中國證券監督管理委員會批 准本公司全資附屬公司北控水務（中國）投資有限公司公開發行面值總額不超過 人民幣50億元的可續期公司債券的公告（「該公告」）。除另有界定者外，本公 告所用詞彙與該公告所界定者具相同涵義。 公司債券將分期發行，當中首期可續期公司債券人民幣10億元已在上交所上市。 發行人計劃第二期發行規模不超過人民幣15億元，發行人將根據發行時資金需求 及市場情況等因 ...

按上市規則第 13.18 條規定作出之一般披露 本公佈乃根據上市規則第 13.18 條作出，關於本公司之全資附屬公司建邦投資 有限公司作為借款人、本公司作為擔保人與該銀行作為貸款人訂立金額最高為 人民幣 2,400,000,000 元定期貸款之該貸款函件。該貸款函件訂明(其中包括) 控 股股東須於本公司持有之最低股權百份比要求。 本公佈乃遵照香港聯合交易所有限公司之證券上市規則(「上市規則」)第 13.18 條之披露規定而發表。 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佈的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份 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。 該銀行可宣佈取消該貸款函件項下之任何承諾及/或宣佈所有未償還款項連同其 所有應計利息及其他所有款項即時到期及須予支付及/或應要求下須予支付。 於本公佈日期，(1)北京控股直接或間接持有本公司已發行股本約41.13%及為本 公司之單一最大股東；及(2) 北京控股集團為北京控股之控股股東。 本公司將遵守上市規則第 13.21 條所要求之披露有關資料，惟只要導致有披露 責任產生的情況 ...

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佈的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公佈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。 海外監管公告 謹此提述本公司日期為二零二一年七月九日就有關中國證券監督管理委員會批准本公司 公開發行面值總額不超過人民幣 35 億元之熊貓債券的公告、日期為二零二一年七月十 五日就有關發行第一期熊貓債券人民幣 20 億元的公告及日期為二零二四年七月十七日 有關熊貓債券(第一期) (品種一) 人民幣 10 億元提前摘牌的公告(「該等公告」)。當中熊 貓債券(第一期) (品種二)人民幣 10 億元仍在上交所上市。除另有界定者外，本公告所用 詞彙與該等公告所界定者具相同涵義。 本公司已在上交所網站(www.sse.com.cn)上載以下有關熊貓債券的文件： - 北控水務集團有限公司關於審計機構發生變更的公告。詳情請參閱本公司於上交所 網站刊發的公告，網址如下： https://static.sse.com.cn/disclosure/bond/announcement/company/c/new/2024-1 ...

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佈的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈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。 更換核數師 本公告乃由北控水務集團有限公司（「本公司」，連同其附屬公司，統稱「本集 團」）董事會（「董事會」）根據香港聯合交易所有限公司證券上市規則第13.51(4) 條而作出。 核數師辭任 根據中華人民共和國財政部及國務院國有資產監督管理委員會的相關規定，對會 計師事務所連續承擔本公司財務決算審計業務的年期有限制。由於本公司連續委 聘安永會計師事務所（「安永」）的年期已經達到規定年限，董事會宣佈，安永 已辭任本公司核數師，自二零二四年十月三十一日起生效。 董事會藉此機會對安永於過去多年為本集團提供的專業服務及支持表示衷心感 謝。 - 1 - 委任核數師 董事會進一步宣佈，本公司審核委員會（「審核委員會」）建議下，董事會議決 委任德勤˙關黃陳方會計師行（「德勤」）為本公司新任核數師，以填補安永辭 任後的臨時空缺。德勤將任職直至本公司下屆股東週年大會結束為止。 審核委員會在評估委任德勤為本公司核數師時已考 ...

Financial Performance - The group achieved a total revenue of RMB 11,308,811,000, a decrease of 6% year-on-year, and a net profit attributable to shareholders of RMB 1,122,088,000, down 18% year-on-year[5]. - The company's net profit attributable to shareholders decreased by 18% to RMB 1,122.1 million due to a 6% decline in revenue to RMB 11,308.8 million, primarily from reduced contributions from BOT water service projects[10]. - Total revenue for the group reached RMB 12,083.1 million, a decrease of 6% compared to RMB 12,083.1 million in the previous period[21]. - The total revenue for the period was RMB 4,176,700,000, with a net profit attributable to shareholders of RMB 2,091,700,000[33]. - The net profit for the period was RMB 1,767,787, compared to RMB 1,957,647 in the previous year, indicating a decrease of approximately 9.7%[76]. - The total comprehensive income for the period was RMB 1,261,091, significantly higher than RMB 196,109 in the same period of 2023, showing a substantial increase[77]. - The company reported a net financial cost of RMB 1,542.6 million, impacting overall profitability[18]. - The company reported a total comprehensive income of RMB (30,965) thousand for the period, reflecting a significant change from the previous year's comprehensive income[84]. Revenue Breakdown - The revenue from water treatment services in China reached RMB 4,176.7 million, contributing to a gross margin of 37%[11]. - The revenue from urban resource services amounted to RMB 2,687.8 million, with a gross margin of 24%[13]. - The total revenue from technology services and equipment sales was RMB 1,151.4 million, with a gross margin of 10%[13]. - Revenue from construction BOT water projects was RMB 2,903.9 million, a significant decrease of 57% compared to the previous period[23]. - The revenue from urban resource services increased by 20% to RMB 2,687.8 million compared to RMB 2,236.2 million in the previous period[23]. - Revenue from BOT water projects decreased to RMB 1,257,600,000, with profit attributable to shareholders dropping to RMB 159,200,000 due to a focus on light-asset projects[43]. - Revenue from wastewater and recycled water treatment services was RMB 4,384,504,000, an increase from RMB 4,200,741,000 in the previous year[104]. Operational Capacity and Projects - The design capacity of new projects reached 510,350 tons/day, contributing to a total design capacity of 44,000,174 tons/day[5]. - The group achieved a total daily processing capacity of 44,000,174 tons across 1,457 water treatment facilities as of June 30, 2024[26]. - The group secured approximately 410,000 tons/day of new light asset projects, including recycled water sales and entrusted operations, in the first half of 2024[5]. - The company established two service concession agreements for multiple township sewage treatment projects, with a total daily processing capacity of 24,500 tons[26]. - The company has a total of 1,217 sewage treatment plants and 72 recycled water treatment plants in operation[27]. - The company operates 334 sewage treatment plants in the southern region of China with a total design capacity of 4,605,005 tons, generating revenue of RMB 870,800,000 and a profit of RMB 402,500,000[34]. - In the western region of China, the company operates 323 sewage treatment plants with a total design capacity of 2,844,810 tons, achieving revenue of RMB 783,600,000 and a profit of RMB 350,800,000[35]. Strategic Initiatives - The group is committed to integrating technology development into its platform strategy to drive asset-light transformation and improve core competitiveness[4]. - The company aims to enhance its "new content," "green content," and "gold content" as part of its strategic focus on asset-light transformation in 2024[9]. - The group is enhancing its pricing management capabilities to support water service companies in adjusting water prices to reflect true supply costs[5]. - The group has implemented a systematic review of regional integration trials, advancing changes in 18 regions to enhance operational capabilities and support the upgrade of the "cloud-chain-end" operational model[7]. - The company is pushing for digital transformation to integrate business and financial systems, supporting data analysis for refined management[8]. Financial Management and Costs - The company achieved a historical low in bond financing rates with a 3-year Panda bond issuance, effectively reducing financial costs and maintaining reasonable liquidity[7]. - The company reported a decrease in cash and cash equivalents to RMB 8,953,739 from RMB 10,215,161 at the end of 2023, a decline of about 12.4%[80]. - The company incurred RMB 346,668 thousand for the purchase of property, plant, and equipment, a decrease from RMB 575,981 thousand in the same period of 2023[86]. - The company recognized a tax payment of RMB 418,860 thousand for corporate income tax in mainland China, compared to RMB 362,901 thousand in the previous year[86]. - The company reported a total of RMB 60,570,637,000 in total settled accounts as of June 30, 2024, up from RMB 59,037,045,000[117]. Shareholder Returns and Dividends - The group plans to distribute an interim cash dividend of HKD 0.07 per share to reward shareholders for their continued support[5]. - The interim cash dividend declared on August 28, 2024, was HKD 0.07 per share, totaling approximately RMB 642,942,000, an increase from RMB 632,936,000 in the previous year[110]. - The company declared cash dividends during the period, details of which are disclosed in note 7[76]. Governance and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed and approved the unaudited interim results for the six months ending June 30, 2024[185]. - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange rules for the six months ending June 30, 2024[183]. - The board is responsible for assessing risks and ensuring effective risk management and internal control systems are in place[186]. - The risk management center is tasked with establishing mechanisms to identify, control, and manage risks faced by the group[187]. Related Party Transactions and Shareholding - The group has established ongoing related party transactions as defined under the listing rules[138]. - The major shareholder, Beikong Environment, holds 4,121,604,070 shares, representing approximately 41.03% of the company's issued share capital[162]. - The shareholding structure indicates significant control by Beijing Holdings and its subsidiaries, with a combined ownership of approximately 41.54%[162].

Investment Rating - Maintains an "Overweight" rating for the company [2] Core Views - The company's capital expenditure has significantly decreased, leading to a substantial year-on-year decline in BOT construction revenue, resulting in fluctuations in the 2024 interim performance [4] - Operations remain stable, with water treatment business volume and prices increasing [4] - High dividend payout ratio with stable dividend distribution [4] Financial Performance - 2024 H1 revenue: 11.309 billion RMB, down 6% year-on-year [4] - 2024 H1 net profit attributable to shareholders: 1.122 billion RMB, down 18% year-on-year [4] - Construction service revenue: 1.642 billion RMB, down 49% year-on-year [4] - Operating income from sewage and water supply services showed steady growth [4] Water Treatment Business - Total water treatment design capacity: 44 million tons/day as of H1 2024 [4] - Sewage: 24.84 million tons/day - Water supply: 14.34 million tons/day - Recycled water: 4.52 million tons/day - Seawater desalination: 0.3 million tons/day - Sewage treatment volume increased by 5% year-on-year [4] - Average sewage treatment contract price: 1.51 RMB/ton, slightly up from 1.49 RMB/ton in 2023 [4] - Sewage treatment gross margin improved by 2 percentage points to 59% [4] - Water supply volume increased by 4% year-on-year [4] - Average water supply contract price: 2.16 RMB/ton, slightly up from 2.15 RMB/ton in 2023 [4] - Water supply gross margin decreased by 4 percentage points to 43% [4] BOT Construction - BOT construction revenue: 1.258 billion RMB, down 57% year-on-year [4] - Focus on light-asset projects, reducing investment in BOT water projects [4] Capital Expenditure and Dividends - 2024 H1 capital expenditure: 1.573 billion RMB, significantly down from 3.618 billion RMB in the same period last year [4] - Interim dividend: 0.07 HKD per share, same as last year, with a cash dividend payout ratio of 60% [4] - Trailing twelve-month (TTM) dividend yield: 7.04% [4] Market Data - Current price: 2.23 HKD [5] - 52-week price range: 1.50-2.78 HKD [5] - Current shares outstanding: 10,047 million [5] - Current market capitalization: 22,404 million HKD [5] Financial Forecast - 2024-2026 forecasted net profit: 1.966 billion, 2.040 billion, and 2.150 billion RMB respectively [4] - 2024-2026 forecasted EPS: 0.20, 0.20, and 0.21 RMB respectively [4]

Financial Performance - For the six months ended June 30, 2024, the company's profit attributable to shareholders decreased by 18% to RMB 1,122,100,000 from RMB 1,369,800,000 in the previous period[3]. - EBITDA for the same period was RMB 4,659,700,000, a decrease of 1.5% compared to RMB 4,728,900,000 in the prior period[3]. - Total revenue for the six months was RMB 11,308,811,000, down from RMB 12,083,093,000 in the previous year, representing a decrease of approximately 6.4%[4]. - Gross profit for the period was RMB 4,293,515,000, compared to RMB 4,430,529,000 in the previous year, reflecting a decline of about 3.1%[4]. - The company's operating profit was RMB 3,451,663,000, down from RMB 3,714,404,000, indicating a decrease of approximately 7.1%[4]. - The pre-tax profit for the period was RMB 2,210,823,000, compared to RMB 2,509,514,000 in the previous year, a decline of about 11.9%[4]. - The total comprehensive income for the period was RMB 1,261,091,000, significantly up from RMB 196,109,000 in the previous year[5]. - The net profit attributable to shareholders for the six months ended June 30, 2024, was RMB 1,122,088,000, down from RMB 1,369,754,000 in the same period of 2023, representing a decrease of 18.1%[20]. - The company's net profit attributable to shareholders decreased by 18% to RMB 1,122.1 million due to a reduction in revenue from BOT water service construction projects[45]. - Total operating revenue for the period fell by 6% to RMB 11,308.8 million[45]. Dividends and Shareholder Returns - The company proposed an interim dividend of HKD 0.07 per share, with a payout ratio of 60%[3]. - The interim cash dividend declared is HKD 0.07 per ordinary share, totaling approximately RMB 642,942,000, slightly up from RMB 632,936,000 for the same period last year[31]. - The company declared an interim dividend of HKD 0.07 per share, equivalent to RMB 0.063996 per share, to be paid on October 28, 2024[136]. - Shareholders have the option to receive the interim dividend in RMB, with a deadline for currency choice submission by October 7, 2024[138]. Assets and Liabilities - Non-current assets totaled RMB 125,321,744,000 as of June 30, 2024, compared to RMB 125,108,357,000 at the end of the previous year[7]. - Current assets decreased to RMB 39,999,825,000 from RMB 40,384,836,000, indicating a decline of approximately 1%[7]. - As of June 30, 2024, total equity reached RMB 55,755.629 million, an increase from RMB 54,133.475 million as of December 31, 2023, reflecting a growth of approximately 3%[8]. - The company reported total liabilities of RMB 109,565.940 million, a decrease from RMB 111,359.718 million, indicating a reduction of about 1.6%[8]. - Non-current liabilities amounted to RMB 64,692.572 million, down from RMB 68,861.047 million, representing a decline of approximately 6.3%[8]. - Current liabilities increased to RMB 44,873.368 million from RMB 42,498.671 million, marking an increase of about 5.6%[8]. - The company's total assets as of June 30, 2024, were RMB 120,448.2 million, slightly down from RMB 122,994.5 million at the end of 2023[43]. - Cash and cash equivalents decreased to RMB 8,953,700,000 as of June 30, 2024, down from RMB 10,215,200,000 as of December 31, 2023[117]. - Total borrowings amounted to RMB 73,853,100,000, slightly down from RMB 74,244,700,000 as of December 31, 2023, with bank borrowings at RMB 59,880,500,000[117]. Revenue Sources - The revenue from wastewater and recycled water treatment services for the six months ended June 30, 2024, was RMB 4,384,504,000, an increase of 4.4% from RMB 4,200,741,000 in 2023[24]. - The revenue from construction services decreased significantly to RMB 1,641,703,000 in 2024 from RMB 3,227,715,000 in 2023, a decline of 49.2%[24]. - The total revenue from external customers in mainland China was RMB 10,656,369,000 for the six months ended June 30, 2024, down from RMB 11,450,794,000 in 2023, a decline of 6.9%[22]. - The revenue from water treatment services in China was RMB 4,176.7 million, contributing to a gross profit margin of 59%[46]. - The total revenue from BOT water projects amounted to RMB 1,257,600,000 for the period, a decrease from RMB 2,903,900,000 in the same period last year, with attributable profit to shareholders at RMB 159,200,000, down from RMB 374,600,000[75]. - Revenue from technical services and equipment sales was RMB 1,151,400,000, an increase from RMB 1,051,600,000 year-on-year, contributing 10% to total revenue, while attributable profit decreased to RMB 108,700,000 from RMB 189,000,000[76]. Operational Capacity and Projects - The total daily design capacity of the company's water treatment facilities reached 44,000,174 tons as of June 30, 2024, with 1,457 water plants and sewage treatment facilities in operation[55]. - The company established service concession agreements for multiple township sewage treatment projects, with a total processing capacity of 24,500 tons per day[56]. - The company has expanded its coverage to 20 provinces, 5 autonomous regions, and 4 municipalities in mainland China[54]. - The company operates 1,194 water treatment facilities with a total design capacity of 33,610,847 tons per day, achieving a total processing volume of 4,198,100,000 tons during the period[61]. - The company has 334 wastewater treatment facilities in southern China, with a total design capacity of 4,605,005 tons per day, and recorded a processing volume of 706,200,000 tons[62]. - In the western region of China, the company operates 323 facilities with a design capacity of 2,844,810 tons per day, achieving a processing volume of 399,400,000 tons and revenue of RMB 783,600,000[64]. - The eastern region's facilities increased their design capacity to 5,886,876 tons per day, processing 820,100,000 tons and generating RMB 974,800,000 in revenue[66]. - The company is currently constructing 10 integrated governance projects, with revenue from these projects increasing to RMB 384,100,000 during the period[73]. Cost Management and Expenses - The financial expenses for the six months ended June 30, 2024, totaled RMB 1,565,644,000, slightly increased from RMB 1,542,598,000 in the same period of 2023[27]. - Management expenses decreased to RMB 1,251,700,000, a slight decline of 3% from RMB 1,288,300,000, indicating effective cost control[91]. - Finance costs increased to RMB 1,395,000,000 from RMB 1,314,100,000, primarily due to a slight rise in average interest rates[93]. Corporate Governance and Shareholder Engagement - The company has committed to maintaining high standards of corporate governance to enhance transparency and protect shareholder rights[142]. - The audit committee, consisting of three independent non-executive directors, reviewed and approved the unaudited interim results for the six months ended June 30, 2024[144]. - The interim results announcement will be published on the company's website and the Hong Kong Stock Exchange website[146]. - The company expresses gratitude to all employees for their support and dedication[147].