公司认为，股份购回反映公司对自身业务发展及前景充满信心，股份回购计划符合公司长期发展战略。 董事会认为，公司现有稳健的财政状况足以支持股份回购，同时维持充裕财务资源以满足其业务发展， 实施股份回购计划符合公司和其股东的整体利益。 董事会亦确认，集团的业务营运维持正常，且集团的业务营运及财务状况并无重大变动。 董事会已于2025年6月6日举行的股东周年大会上获得公司股东向董事会授出的回购授权，以购回不超过 于股东周年大会通过决议案当日已发行股份总数的10%。董事会谨此宣布，董事会已正式决议授权管理 层不时于适当时候在公开市场上动用回购授权执行股份回购计划。公司计划每股回购股份价格不超过港 币17元，及总额不超过1亿美元。公司将利用其现有现金流或营运资金拨付，并根据公司的公司细则、 香港联合交易所有限公司证券上市规则及香港和百慕达适用法例使用可合法拨作该用途的资金购回股 份。 山高控股(00412)公布，董事会注意到公司股份的交易价格及成交量近期出现异常变动。经就公司作出 在有关情况下属合理的一切查询后，董事会确认，概不知悉导致股份出现该等股价及成交量异常变动的 任何原因;或任何须予公布以避免股份出现虚假市场之资 ...

Core Viewpoint - The company has observed unusual fluctuations in its share price and trading volume, but the board is unaware of any reasons for these changes and confirms that business operations remain normal [1][2] Group 1: Share Price and Trading Volume - The board has noted abnormal movements in the company's share price and trading volume recently [1] - After inquiries, the board confirmed no knowledge of any reasons for the fluctuations or any information that needs to be disclosed to prevent a false market [1] Group 2: Business Operations - The board confirmed that the group's business operations and financial condition have not undergone any significant changes [1] Group 3: Share Buyback Plan - The board has received authorization from shareholders to repurchase up to 10% of the total issued shares as of the date of the annual general meeting [1] - The company plans to repurchase shares at a price not exceeding HKD 17 per share, with a total amount not exceeding USD 100 million [1] - The repurchase will be funded through existing cash flow or operating funds, in compliance with applicable laws and regulations [1] Group 4: Confidence in Business Development - The company believes that the share buyback reflects confidence in its business development and prospects [2] - The board considers the current robust financial condition sufficient to support the buyback while maintaining ample financial resources for business development [2] - Implementing the share buyback plan aligns with the overall interests of the company and its shareholders [2]

格隆汇9月16日丨山高控股(00412.HK)公告，公司股份交易价格及成交量近期出现异常变动。经就公司 作出在有关情况下属合理的一切查询后，董事会确认，概不知悉(i)导致股份出现该等股价及成交量异常 变动任何原因；或(ii)任何须予公布以避免股份出现虚假市场资料；或(iii)根据上市规则第13.09(2)条及 证券及期货条例(香港法例第571章)第XIVA部须予披露任何内幕消息。 董事会谨此宣布，董事会已正式决议授权管理层不时于适当时候在公开市场上动用回购授权执行股份回 购计划。公司可视乎市况于适当时进行回购。公司将(i)注销所购回的股份及╱或(ii)以库存方式持有该 等股份，惟须视乎购回股份时的市况及公司的资本管理需要而定。 可用于进行建议回购股份回购价格上限及资金总额：公司计划每股回购股份价格不超过港币17元，及总 额不超过1亿美元。公司将利用其现有现金流或营运资金拨付，并根据公司公司细则、香港联合交易所 有限公司证券上市规则及香港和百慕达适用法例使用可合法拨作该用途资金购回股份。 公司认为，股份购回反映公司对自身业务发展及前景充满信心，股份回购计划符合公司长期发展战略。 董事会认为，公司现有稳健的财政状 ...

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，概不就因本公告之全部或任 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。 （於百慕達註冊成立之有限公司） （股份代號：412） 股份回購計劃的詳情如下： 自願公告 股價及成交量的異常變動； 及 於公開市場進行股份回購 本公告乃由山高控股集團有限公司（「本公司」）自願作出。 股價及成交量的異常變動 本公司董事（「董事」）會（「董事會」）注意到，本公司股份（「股份」）之交易價格及成交 量近期出現異常變動。經就本公司作出在有關情況下屬合理的一切查詢後，董事會 確認，概不知悉(i)導致股份出現該等股價及成交量異常變動之任何原因；或(ii)任何 須予公佈以避免股份出現虛假市場之資料；或(iii)根據上市規則第13.09(2)條及證券 及期貨條例（香港法例第571章）第XIVA部須予披露之任何內幕消息。 董事會亦確認，本集團之業務營運維持正常，且本集團之業務營運及財務狀況並無 重大變動。 1 於公開市場進行股份回購 董事會已於2025年6月6日舉行的股東周年大會（「股東周年大會」）上獲 ...

值得注意的是，山高控股旗下乌兰察布源网荷储一体化项目上半年取得关键进展。数据中心一期已投入 商业运营，二期工程稳步推进，新能源发电部分已完成审批及公示，力争年底前开工。目前，山高控股 乌兰察布源网荷储一体化项目每度绿电预计比常规火电下浮大约是1-2分钱。中泰证券预测，乌兰察布 数据中心未来若100%供电于规划中的三期1GW数据中心，预计每年增量经济效益将高达13亿元。 消息面上，山高控股上半年实现收入达25.03亿元，同比下滑11.64%，其中新兴产业贡献收入96%。期 内实现净利润4.76亿元，同比增长506%；归母净利润为4960万元，上年同期亏损3.63亿元，今年大幅扭 亏。据悉，公司收入同比下降主要由于公司战略性压缩传统投资业务，主动收缩低毛利或高风险业务。 智通财经APP获悉，山高控股(00412)今日放量下跌近30%，4月至今累计涨幅仍超120%。截至发稿，跌 24.22%，报12.61港元，成交额3.12亿港元。 ...

值得注意的是，山高控股旗下乌兰察布源网荷储一体化项目上半年取得关键进展。数据中心一期已投入 商业运营，二期工程稳步推进，新能源发电部分已完成审批及公示，力争年底前开工。目前，山高控股 乌兰察布源网荷储一体化项目每度绿电预计比常规火电下浮大约是1-2分钱。中泰证券（600918）预 测，乌兰察布数据中心未来若100%供电于规划中的三期1GW数据中心，预计每年增量经济效益将高达 13亿元。 山高控股(00412)今日放量下跌近30%，4月至今累计涨幅仍超120%。截至发稿，跌24.22%，报12.61港 元，成交额3.12亿港元。 消息面上，山高控股上半年实现收入达25.03亿元，同比下滑11.64%，其中新兴产业贡献收入96%。期 内实现净利润4.76亿元，同比增长506%；归母净利润为4960万元，上年同期亏损3.63亿元，今年大幅扭 亏。据悉，公司收入同比下降主要由于公司战略性压缩传统投资业务，主动收缩低毛利或高风险业务。 ...

Group 1 - The core point of the article is the announcement of an EPC contract between Heze Shango Energy and a joint contractor for a wind power project in Shandong Province, China [1] - The total contract value is approximately RMB 1.011 billion, which includes all taxes and may be adjusted based on changes in national tax policies [1] - The project involves a distributed wind power capacity of 175 megawatts located in Yuncheng County, Heze City, Shandong Province [1]

Core Viewpoint - Shandong High New Energy and Shandong High Holdings announced the signing of an EPC contract for a 175 MW distributed wind power project in Shandong Province, with a total contract value of approximately RMB 1.011 billion, including all taxes [1] Group 1 - The EPC contract was signed between Heze Shandong High Energy, a wholly-owned subsidiary of Shandong High New Energy, and the joint contractors, China Energy Engineering Second Construction Company and Zhengchen Technology [1] - The project is located in Yuncheng County, Heze City, Shandong Province [1] - The total contract price is subject to adjustment based on changes in national tax policies [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聯合公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本聯合公告 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。 （於開曼群島註冊成立之有限公司） （於百慕達註冊成立之有限公司） （股份代號：412） 聯合公告 有關EPC合同的關連交易 有關EPC合同的須予 披露交易及關連交易 訂立EPC合同 山高新能源董事會及山高控股董事會各自宣佈，於二零二五年九月十三日，菏澤 山高能源（為山高新能源之直接全資附屬公司及山高控股之間接非全資附屬公 司，作為發包人）與聯合承包人（即中國能建第二工程公司及正晨科技）訂立EPC 合同。根據EPC合同，菏澤山高能源同意委聘聯合承包人就項目提供EPC服務，合 同總價為人民幣1,011,365,724.00元（包括所有稅項）（可在國家稅務政策更改時調 整）。 上市規則之涵義 於本聯合公告日期，由於(i)菏澤山高能源為山高新能源之直接全資附屬公司及山 高控股之間接非全資附屬公司；(ii)山東高速集團本身及透過多個實體直接及間接 合共擁有山高控股之已發行股本約43.44%及間接持有山高新 ...

Core Insights - The company reported a revenue of 2.503 billion yuan for the first half of 2025, a year-on-year decrease of 11.64%, while net profit reached 476 million yuan, a significant increase of 506% compared to the previous year [1] - The decline in revenue is attributed to a strategic reduction in traditional investment businesses, focusing on high-margin sectors, particularly the "integrated computing" strategy, which has started to yield substantial profits [1] - The company generated a fair value gain of 539 million yuan from listed securities and other financial assets, contributing significantly to the total profit [1] Financial Performance - The gross profit margin for the first half of 2025 was 48.15%, showing a slight increase of 0.92% from the previous year, while the net profit margin was 18.98%, reflecting an increase of 6.56% year-on-year [1] - The company’s total assets reached approximately 67.531 billion yuan, with investments in emerging industries accounting for about 51.976 billion yuan, representing 76.97% of total assets [1] Business Segments - The controlled subsidiary, Shanggao New Energy, reported a net profit growth of 6.5% in the first half of 2025, with ongoing projects in wind power showing positive progress [2] - The company is enhancing its investment management capabilities and optimizing governance to strengthen its core competitiveness and improve the efficiency of the industry value chain [2] Future Outlook - The company is expected to experience rapid growth in the coming years, driven by the booming green electricity market and the ongoing development of artificial intelligence and the "East Data West Computing" project [3] - Revenue projections for 2025-2027 are approximately 6.587 billion yuan, 6.771 billion yuan, and 7.371 billion yuan, with net profits expected to be around 216 million yuan, 456 million yuan, and 555 million yuan respectively [3]