截 至2025年6月30日止六個月之中期業績公告 摘 要 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 依 賴 該 等 內 容 而 引致的任何 虧 損 承 擔 任 何 責 任。 – 2 – 簡明綜合損益及其他綜合收益表 截 至2025年6月30日 止 六 個 月－未 經 審 核 中 國 山 水 水 泥 集 團 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 公 佈 本 公 司 及 其 附 屬 公 司（「本集團」）截 至2025年6月30日 止 六 個 月（「報告期」）的 綜 合 業 績 及2024年 同 期 可 比 較 期 間 未 經 審 核 的 財 務 數 據。本 集 團 截 至2025年6月30日止六個月的未經 審 核 的 簡 明 綜 合 財 務 報 表 已 獲 董 事 會 轄 下 審 核 委 員 會（「審核委員會」）審 閱 及 董 ...

Group 1 - Cement stocks are generally active, with increases of nearly 10%, 5%, 4%, and over 3% reported [1] - The establishment of Xinjiang-Tibet Railway Co., with a registered capital of 95 billion RMB, is expected to significantly boost cement demand in Xinjiang and Tibet regions, estimating a demand of about 40 million tons over 8 years [2] - The average cement price in the national market remains stable, with slight regional variations, indicating a challenging environment for cement companies due to high coal prices and low demand [3] Group 2 - Specific cement companies have shown notable price increases, such as Shanshui Cement (+9.88%) and China Tianrui Cement (+5.36%), reflecting positive market sentiment [2] - The average shipment rate for major cement companies is around 44%, indicating ongoing low demand in the market [3] - Companies in regions like the Yangtze River Delta and Hubei are discussing staggered production plans to alleviate operational pressures, which may lead to a potential price recovery [3]

Group 1 - The article provides an overview of the investment activities of Hong Kong-listed companies on August 11, 2025, including new stock activities, earnings announcements, shareholder meetings, and dividend distributions [1] Group 2 - New stock activities include companies such as ZhiNuo Pharmaceutical-B (currently in the IPO process) and Zhonghui Biotechnology-B (listing date) [1] - Earnings announcements are scheduled for companies like Baosheng International, Yuanyuan Group, and Kang Shifu Holdings among others [1] - Shareholder meetings will be held for companies including Huatai Textile, Shandong Gold, and Sichuan Chengyu Expressway [1] - Dividend distributions are noted for companies like Jianbei Miao Miao and Kangnait Optical, with specific ex-dividend and payment dates mentioned [1]

Market Overview - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling over 200 points, closing below 25,000 points, and the Hang Seng Technology Index dropping by 1.56% [1] - Major technology stocks saw a broad decline, with Alibaba down 2.4% and JD.com down 1.44% [2] Sector Performance - The semiconductor sector faced significant losses, with SMIC dropping over 8%, marking the worst performance in the sector [4] - Gaming stocks also fell sharply, with Wynn Macau down over 7% and MGM China down over 6% [6] - The paper industry saw declines, with Chenming Paper down over 8% [7] - Innovative drug stocks continued to decline, with Hutchison China MediTech down over 15% and Zai Lab down over 10% [8] Positive Performances - Gold stocks led gains in the metals sector, with Zhaojin Mining and Lingbao Gold both rising over 3% [3][10] - Heavy machinery stocks showed resilience, with Zhonglian Heavy Industry rising nearly 6% [3] - Cement stocks performed well, with Shanshui Cement up over 6% [9] - Wind power stocks also saw increases, with Goldwind Technology rising over 10% [11] Capital Flows - Southbound funds recorded a net inflow of 6.271 billion HKD, with the Shanghai-Hong Kong Stock Connect contributing 3.28 billion HKD and the Shenzhen-Hong Kong Stock Connect contributing 2.992 billion HKD [12] Future Outlook - Huatai Securities suggests that the recent pullback in the Hong Kong market is due to adjustments in expectations, but the medium-term liquidity remains accommodative. They recommend focusing on sectors with improving conditions and low valuations, particularly in technology [13]

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7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: 中國山水水泥集團有限公司 呈交日期: 2025年8月5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) | 00691 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | USD | | 0.01 USD | | | 100,000,000 | | 增加 / 減少 (-) | | | | | | USD | | | | | 本月底結存 | | | 10,000,000,000 | USD | | 0.01 USD | | | 100,000,000 | 本月底法 ...

Group 1 - The company, Shanshui Cement (00691.HK), announced that its board of directors will hold a meeting on August 11, 2025, to consider and approve the group's interim results for the six months ending June 30, 2025 [1] - The board will also discuss the distribution of an interim dividend, if any, along with other matters [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。 董事會會議召開日期 香 港，2025年7月30日 於 本 公 告 日 期，董 事 會 成 員 包 括 三 名 執 行 董 事，即 滕 永 軍 先 生、吳 玲 綾 女 士 及 鄭 瑩 瑩 女 士；以 及 三 名 獨 立 非 執 行 董 事，即 張 銘 政 先 生、李 建 偉 先 生 及 許 祐 淵 先 生。 中 國 山 水 水 泥 集 團 有 限 公 司（「本公司」）及 其 附 屬 公 司（「本集團」）董 事 會（「董 事 會」）茲 通 告 謹 定 於2025年8月11日（星 期 一）舉 行 董 事 會 會 議，以 考 慮 及 通過本集團截至2025年6月30日 止 的 六 個 月 中 期 業 績，及 派 發 中 期 股 息（如 有），以 及 處 理 其 他 事 項。 承董事會命 中國山水水泥集團有限公司 主 席 滕永軍 – 1 – ...

Group 1 - The core viewpoint of the article highlights the significant rise in Hong Kong's construction and cement stocks, with notable increases in share prices for specific companies [1] Group 2 - Western Cement (02233.HK) experienced a surge of over 10% in its stock price [1] - Huaxin Cement (06655.HK) saw an increase of more than 5% [1] - Shanshui Cement (00691.HK) rose by over 3% [1]

Group 1 - The core viewpoint of the article highlights the continued upward trend of certain Hong Kong cement stocks, with notable gains reported [1] - Western Cement (02233.HK) experienced a significant increase of 16.48% [1] - Other cement companies also saw positive movements, including Shanshui Cement (00691.HK) with a rise of 5.08%, Huaxin Cement (06655.HK) up by 2.51%, and Dongwu Cement (00695.HK) increasing by 2.33% [1]

Market Overview - On July 23, the Hong Kong stock market experienced a significant rally, with the Hang Seng Index rising by 1.62% to close at 25,538.07 points, and the Hang Seng Technology Index increasing by 2.48% [2][3] - The total market turnover for the day was 333.07 billion HKD, with a net outflow of 1.32 billion HKD from southbound funds [2] Tencent Holdings - Tencent Holdings saw a notable increase of 4.94%, closing above 550 HKD per share, marking a new high in over four years, with a market capitalization of 50,594.48 billion HKD [6][5] - The company responded to news regarding the discontinuation of the WeChat real-time intercom feature, stating that a new voice input function has been added to enhance user experience [8] Technology Sector - Internet technology stocks collectively surged, with Kuaishou-W rising by 7.08% and Baidu Group-SW increasing by 6.08% [3] - The Hang Seng Technology Index's performance reflects a year-to-date increase of 28.59% [3] Chinese Brokerage Stocks - Chinese brokerage stocks showed strong performance, with notable gains from Guolian Minsheng (5.46%), Xingsheng International (5.17%), and Zhongzhou Securities (4.85%) [11] - The securities industry is currently benefiting from multiple favorable factors, including a 33% year-on-year increase in new A-share accounts and a significant rise in IPO numbers and financing scale in the Hong Kong market [13] Insurance Sector - The insurance sector was active, with China Life rising by 3.34%, contributing to a year-to-date increase of 51.44% [15] - According to research from China International Capital Corporation, the net profit growth rate for the Chinese insurance industry is expected to be 7.4% year-on-year in the first half of 2025 [18] New Energy Vehicle Sector - NIO-SW experienced an increase of 8.97%, driven by the announcement of dynamic test drive experiences for its new model, the L90, which is set to launch soon [20] Cement Sector - The cement sector faced a downturn, with Huaxin Cement dropping by 9.37% and other related stocks also declining due to a collective pullback in the Yajiang Hydropower Station-related sector [21]