Core Viewpoint - The announcement indicates a change in the company secretary position at Conch Environmental (00587), with a new appointment effective from October 17, 2025 [1] Summary by Relevant Sections - **Company Secretary Appointment** - Ms. Liao Dan has been confirmed by the Stock Exchange to meet the qualifications required under Listing Rule 3.28 to serve as the company secretary [1] - Ms. Liao will assume the role independently starting from October 17, 2025 [1] - **Resignation of Co-Secretary** - Mr. Li Liangxian has resigned from his position as co-secretary of the company, effective from October 17, 2025 [1]

Group 1 - The Hong Kong Stock Exchange has confirmed that Liao Dan meets the qualifications to serve as the company secretary of Conch Environmental Protection [1] - Liao Dan will independently assume the role of company secretary effective from October 17, 2025 [1] - Another co-secretary, Li, has resigned from the position of co-secretary, effective from October 17, 2025 [1]

（股份代號：587） 有關公司秘書資格的更新及聯席公司秘書辭任 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。 China Conch Environment Protection Holdings Limited 中 國 海 螺 環 保 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） 代表董事會 中國海螺環保控股有限公司 公司秘書 廖丹 中華人民共和國安徽省 2025年10月17日 於 本 公 告 日 期 ， 董 事 會 包 括 執 行 董 事 汪 純 健 先 生（ 總 經 理 ）、 廖 丹 女 士 及 凡 展 先 生；非執行董事李群峰先生（ 主席 ）、呂文斌先生及馬偉先生；以及獨立非執行董 事丁文江先生、王嘉奮女士及李琛女士。 兹提述中國海螺環保控股有限公司（「本公司」）日期為2022年10月17日之公告，內 容 有 關（ 其 中 包 括 ）委 任 廖 丹 女 士 及 李 ...

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 呈交日期: 2025年10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) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00587 | 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 | | 0.01 | HKD | | 150,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 15,000,000,000 | HKD | | 0.01 | HKD | | 150,000,000 | 本月底法定/註冊股本總額： HKD 150, ...

Financial Performance - Revenue for the first half of 2025 was RMB 777,184,000, a decrease of 3.34% compared to RMB 804,007,000 in the same period of 2024[11] - Profit before tax dropped significantly to RMB 2,663,000, down 97.56% from RMB 108,968,000 year-on-year[11] - The company reported a net loss of RMB 9,033,000 for the period, compared to a profit of RMB 92,304,000 in the previous year, marking a decline of 109.79%[11] - The equity attributable to shareholders was RMB 4,325,000, a decrease of 94.73% from RMB 82,141,000 in the same period last year[11] - The company achieved a gross profit of RMB 246.25 million for the first half of 2025, a year-on-year decrease of 31.53%[34] - The gross profit margin for industrial hazardous waste disposal services was 33.83%, down 11.76 percentage points year-on-year, primarily due to intensified market competition and a decrease in hazardous waste prices by RMB 96 per ton[34] - The company reported a pre-tax profit of RMB 2.66 million, a significant decline of RMB 106.31 million or 97.56% year-on-year[41] - Basic and diluted earnings per share were both RMB 0.24, significantly lower than RMB 4.50 in the previous year[90] - The company reported a profit of RMB 4.33 million for the six months ended June 30, 2025, compared to a loss of RMB 9.03 million attributable to non-controlling interests[95] Assets and Liabilities - Total assets as of June 30, 2025, were RMB 9,805,499,000, reflecting a slight increase of 0.57% from RMB 9,750,378,000 at the end of 2024[12] - Total liabilities increased by 1.06% to RMB 6,155,900,000 from RMB 6,091,454,000 at the end of 2024[12] - The company's total equity was RMB 3,649,599,000 as of June 30, 2025, compared to RMB 3,658,924,000 at the end of 2024[93] - Current liabilities decreased to RMB 1,985,701,000 from RMB 2,271,937,000, indicating improved liquidity[92] - Total loans and borrowings decreased to RMB 2,376,367,000 as of June 30, 2025, from RMB 3,147,865,000 as of December 31, 2024, indicating a reduction of approximately 24.5%[125] Operational Highlights - The company processed approximately 51.87 million tons of industrial hazardous waste during the reporting period, a decrease of about 5.67% year-on-year[16] - The company sold approximately 0.15 million tons of resource utilization products, an increase of about 32.70% year-on-year[16] - The company produced and sold approximately 27.51 million tons of alternative fuels, a significant increase of about 193.60% year-on-year[16] - The industrial hazardous waste disposal service generated revenue of RMB 497.55 million, a decrease of 10.93% year-on-year[32] - The general hazardous waste segment saw revenue of RMB 395.28 million, down 15.74% due to increased market competition and reduced cement production[33] - The oil sludge disposal segment reported revenue of RMB 58.31 million, an increase of 36.05% driven by growth in the Dongying project[33] - The resource comprehensive utilization segment achieved revenue of RMB 94.37 million, a significant increase of 96.24% due to the operation of new projects[33] Strategic Initiatives - The company is focusing on the strategic core of "co-processing in cement kilns + comprehensive resource utilization" to expand project development[15] - The company has strengthened production management collaboration with cement enterprises to optimize production organization and reduce operational costs[16] - The company is advancing the development of projects related to metal resource utilization and medical waste disposal[15] - The company plans to enhance its core competitiveness by focusing on environmental protection and expanding its market presence in hazardous waste treatment[27] - The company aims to strengthen its operational efficiency through cost control measures and improved management practices[28] - The company is committed to advancing its R&D capabilities in pollution control and waste treatment technologies to enhance its competitive edge[29] Cash Flow and Financing - Cash and cash equivalents at the end of the reporting period were RMB 616.03 million, an increase of RMB 267.51 million year-on-year[51] - The net cash inflow from operating activities was RMB 268.21 million, an increase of RMB 22.68 million year-on-year, attributed to improved collection of accounts receivable[53] - The total cash outflow from investing activities was RMB 184.74 million for the six months ended June 30, 2025, a decrease from RMB 338.40 million in the same period of 2024[96] - The company successfully issued RMB 1 billion in unsecured medium-term notes, with the first tranche of RMB 1.5 billion issued on August 7, 2024, and a second tranche of RMB 1 billion issued on April 25, 2025[101] - The company has unutilized bank credit facilities amounting to RMB 3.19 billion, indicating strong liquidity and financing capabilities[100] Shareholder Information - Major shareholders include Hai Luo Group with a 27.11% stake and Hai Luo Cement with a 26.35% stake[66] - The company has no treasury shares or any repurchase, sale, or redemption of its listed securities during the reporting period[75] - The board has resolved not to declare an interim dividend for the six months ending June 30, 2025[65] - The company has no knowledge of any other individuals holding shares or related interests outside of the disclosed board members and executives[71] Related Party Transactions - The company has multiple related party transactions with subsidiaries, including Anhui Conch Group and various environmental technology firms[137][138][139][140][141][142][143][144] - Major related party transactions for the six months ended June 30, 2025, included sales to Conch Cement amounting to RMB 43,353,000[145] - Trade receivables from related parties as of June 30, 2025, totaled RMB 97,674,000, an increase from RMB 82,112,000 as of December 31, 2024[146] - Trade payables to Conch Cement were RMB 55,011,000 as of June 30, 2025, down from RMB 62,425,000 as of December 31, 2024[146] Governance and Compliance - The audit committee, composed of independent non-executive directors, has reviewed the unaudited interim results for the six months ending June 30, 2025[81] - The company has adopted the corporate governance code as per the listing rules and has confirmed compliance during the reporting period[79] - The strategic, sustainable development, and risk management committee is responsible for formulating the group's medium to long-term development strategy[84] - The company has established a board diversity policy to achieve diversity among board members[83]

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8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: 中國海螺環保控股有限公司 呈交日期: 2025年9月1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) | 00587 | 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 | | 0.01 HKD | | | 150,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 15,000,000,000 | HKD | | 0.01 HKD | | | 150,000,000 | 本月底法 ...

Core Viewpoint - The company reported a decline in revenue and profit for the six months ending June 30, 2025, indicating challenges in the external environment and pricing pressures in waste disposal services [1] Financial Performance - The company achieved a revenue of 777 million, representing a year-on-year decrease of 3.34% [1] - Profit attributable to equity shareholders was 4.325 million, a significant year-on-year decrease of 94.73% [1] - Earnings per share were reported at 0.24 cents [1] Operational Highlights - Despite external pressures, the company actively expanded its market presence, resulting in a year-on-year increase in the total volume of hazardous waste disposal [1] - The decline in profitability was primarily attributed to a drop in disposal prices [1] - The company maintained stable overall operations, with accounts receivable decreasing year-on-year and ongoing efforts in cost reduction and efficiency improvement through meticulous management [1]

Core Viewpoint - The company reported a decline in revenue and profit for the six months ending June 30, 2025, primarily due to external environmental pressures and a decrease in disposal prices [1] Financial Performance - The company achieved a revenue of 777 million yuan, representing a year-on-year decrease of 3.34% [1] - The profit attributable to equity shareholders was 4.325 million yuan, down 94.73% year-on-year [1] - Earnings per share were reported at 0.24 cents [1] Operational Highlights - Despite the challenges, the company actively responded to external pressures and expanded its market presence [1] - The total volume of hazardous waste disposal increased year-on-year [1] - The company maintained stable overall operations, with accounts receivable decreasing year-on-year [1] - Cost reduction and efficiency enhancement measures were effectively implemented [1]

Core Points - The company reported a revenue of approximately RMB 777.18 million for the six months ending June 30, 2025, representing a decrease of 3.34% compared to the same period last year [1] - The net profit attributable to equity shareholders was approximately RMB 4.33 million, reflecting a significant decline of 94.73% year-on-year [1] - The board of directors has resolved not to declare an interim dividend [1]

Financial Performance - For the six months ending June 30, 2025, the group's revenue was approximately RMB 777.18 million, a decrease of 3.34% compared to the same period last year[5]. - The net profit attributable to equity shareholders for the same period was approximately RMB 4.33 million, representing a significant decrease of 94.73% year-on-year[5]. - The gross profit for the period was RMB 246.25 million, down from RMB 359.65 million in the previous year[6]. - The operating profit for the period was RMB 64.76 million, compared to RMB 164.56 million in the previous year[6]. - The total comprehensive loss for the period was RMB 9.03 million, contrasting with a profit of RMB 92.30 million in the same period last year[7]. - Basic and diluted earnings per share were both RMB 0.24, down from RMB 4.50 in the previous year[6]. - The pre-tax profit for the six months ended June 30, 2025, was RMB 60,902,000, compared to RMB 52,804,000 for the same period in 2024, representing an increase of approximately 15.5%[20]. - The net profit attributable to the company's shareholders for the six months ended June 30, 2025, was RMB 4,325,000, while the profit for the same period in 2024 was RMB 82,141,000, indicating a substantial decrease[23]. - The pre-tax profit was RMB 2.66 million, reflecting a significant decline of 97.56% compared to the previous year[51]. - The net loss for the period was RMB 9.03 million, marking a year-over-year increase in losses of 109.79%[51]. Dividends and Shareholder Returns - The board of directors resolved not to declare an interim dividend for the six months ending June 30, 2025[5]. - The board of directors does not recommend the distribution of interim dividends for the six months ending June 30, 2025[31]. Expenses and Costs - The company reported a significant increase in administrative expenses, totaling RMB 150.98 million compared to RMB 148.79 million last year[6]. - The financial expenses for the period were RMB 60.90 million, an increase from RMB 52.80 million in the previous year[6]. - The cost of services provided was RMB 530,931,000 for the six months ended June 30, 2025, compared to RMB 444,356,000 for the same period in 2024, an increase of about 19.5%[21]. - The total interest expense on financial liabilities was RMB 63,859,000 for the six months ended June 30, 2025, compared to RMB 78,087,000 for the same period in 2024, indicating a decrease of about 18.2%[20]. - The distribution costs for the group were RMB 58.74 million, down 19% year-on-year, mainly due to an increase in direct supply to customers[57]. - The administrative expenses increased by 1.47% year-on-year to RMB 150.98 million, primarily due to depreciation and amortization from new projects[58]. - The financial expenses rose by 15.34% year-on-year to RMB 60.9 million, mainly due to the cessation of capitalizing certain financial costs[59]. Assets and Liabilities - Total assets as of June 30, 2025, amounted to RMB 8,180,039 thousand, a decrease from RMB 8,242,107 thousand in 2024, reflecting a decline of approximately 0.75%[9]. - Current liabilities were reported at RMB 1,985,701 thousand, down from RMB 2,271,937 thousand in the previous year, indicating a reduction of about 12.6%[10]. - The net value of total assets minus current liabilities stands at RMB 7,819,798 thousand, compared to RMB 7,478,441 thousand in 2024, representing an increase of approximately 4.56%[10]. - Non-current liabilities decreased from RMB 4,170,199 thousand in 2024 to RMB 3,649,599 thousand in 2025, showing a decline of about 12.5%[10]. - The company's equity attributable to shareholders was RMB 2,952,305 thousand, slightly up from RMB 2,947,980 thousand in the previous year, reflecting a marginal increase of 0.11%[10]. - The total liabilities decreased from RMB 4,170,199 thousand in 2024 to RMB 3,649,599 thousand in 2025, reflecting a reduction of about 12.5%[10]. - Trade and other receivables as of June 30, 2025, amount to RMB 898,488 thousand, down from RMB 998,218 thousand as of December 31, 2024, representing a decrease of approximately 10.0%[26]. - The total amount of current and non-current trade and other receivables is RMB 1,123,804 thousand, compared to RMB 1,292,209 thousand in the previous period, indicating a decline of about 13.1%[26]. - The group's non-current assets amounted to RMB 8,180.04 million, a decrease of 0.75% compared to the end of the previous year, primarily due to a reduction in trade and other receivables due over one year[63]. - The group's current assets were RMB 1,625.46 million, an increase of 7.77% from the end of the previous year, mainly due to an increase in bank deposits[63]. - The group's non-current liabilities stood at RMB 4,170.20 million, an increase of 9.18% year-on-year, primarily due to the issuance of RMB 1 billion green medium-term notes by Anhui Conch Environmental Protection Group[64]. Revenue Sources - The group reported revenue from industrial solid waste and hazardous waste disposal solutions, totaling RMB 682,819,000 for the six months ending June 30, 2025, compared to RMB 755,920,000 for the same period in 2024, reflecting a decrease of approximately 9.7%[15]. - Revenue from hazardous waste disposal services, specifically general hazardous waste, was RMB 395,276,000 for the six months ending June 30, 2025, down from RMB 469,119,000 in 2024, indicating a decline of about 15.7%[16]. - The group generated other income of RMB 37,756,000 for the six months ending June 30, 2025, compared to RMB 38,143,000 in 2024, showing a slight decrease of 1.0%[19]. - Interest income from bank deposits increased to RMB 2,963,000 for the six months ending June 30, 2025, up from RMB 2,279,000 in 2024, representing an increase of approximately 30.1%[19]. - Government grants received amounted to RMB 30,029,000 for the six months ending June 30, 2025, compared to RMB 28,278,000 in 2024, reflecting an increase of about 6.2%[19]. - The industrial hazardous waste disposal service generated RMB 497.55 million, accounting for 64.02% of total revenue, a decrease of 10.93% year-over-year[52]. - The general hazardous waste segment reported revenue of RMB 395.28 million, representing 50.86% of total revenue, down 15.74% year-over-year[52]. - The resource comprehensive utilization segment saw a significant increase in revenue, reaching RMB 94.37 million, up 96.24% year-over-year[52]. - The revenue from resource comprehensive utilization increased by 96.24% year-on-year to RMB 94.37 million, primarily due to the operation of alternative fuel projects in Chizhou and Wuhu[53]. Market and Operational Developments - The company is responding to external environmental pressures by actively expanding its market presence[36]. - The macroeconomic environment remains stable, with a focus on green and low-carbon transformation initiatives by the government[34]. - The hazardous waste disposal industry is facing challenges, including increased competition and downward pressure on disposal prices[35]. - The company is committed to enhancing compliance awareness among waste-producing enterprises, which is expected to gradually release disposal demand[35]. - The group has established and is operating 85 environmental projects across 21 provinces, with a processing capacity of approximately 11.92 million tons per year[37]. - During the reporting period, the group processed approximately 518,700 tons of industrial hazardous waste, a decrease of about 5.67% year-on-year, including 440,500 tons of general hazardous waste[39]. - The group has successfully signed a contract for a 150,000 tons per year industrial solid waste project in Jiangxi, expected to be operational by July 2025[40]. - The group has achieved a 32.70% year-on-year increase in the sale of resource recycling products, totaling approximately 1,500 tons[39]. - The group has expanded its market by successfully establishing a collection center for alternative fuel sources in Jiangsu Nantong, enhancing its operational capabilities[38]. - The group has advanced the copper tailings resource utilization project with a capacity of 800,000 tons per year, focusing on market research and investment verification[38]. - The group processed approximately 850,700 tons of industrial solid waste during the reporting period, reflecting a year-on-year increase of about 3.57%[40]. - The group has strengthened production management collaboration with cement enterprises, optimizing production organization and continuously reducing operational costs[39]. - The group has successfully established a cross-province transportation channel for fly ash from Zhejiang to Anhui, enhancing its service capabilities[38]. - The group has implemented digital transformation initiatives, promoting information systems in the Northwest, East China, and Zhejiang regions[39]. - The company is actively pursuing market expansion through new project developments across various regions in China[42]. Governance and Compliance - The company has adhered to the corporate governance code as stipulated by the Hong Kong Stock Exchange during the reporting period[92]. - The audit committee reviewed the unaudited interim results for the six months ending June 30, 2025, and had no objections to the accounting practices adopted by the company[95]. - No significant events affecting the group occurred from the end of the reporting period to the date of this announcement[96]. - The interim results announcement will be available on the Hong Kong Stock Exchange website and the company's website[97].