Core Viewpoint - The company expects to report a consolidated net loss of approximately HKD 38 million to HKD 43 million for the six months ending June 30, 2025, compared to a consolidated net loss of approximately HKD 33.8 million for the six months ending June 30, 2024 [1] Group 1: Financial Performance - The consolidated net loss for the upcoming period represents an increase compared to the previous period, primarily due to a decline in paper product sales prices amid a complex international trade environment and weak consumer market recovery [1] - The company experienced a slight decrease in revenue during the current period [1] Group 2: Government Incentives - The reduction in government incentives related to special VAT deductions for the company's subsidiary, Yuantong Paper Industry (Shandong) Co., Ltd., decreased by approximately HKD 6.3 million compared to the previous period [1]

Core Viewpoint - The company, Jianfa Xingsheng (00731.HK), anticipates a consolidated net loss of approximately HKD 38.0 million to HKD 43.0 million for the six months ending June 30, 2025, compared to a consolidated net loss of about HKD 33.8 million in the previous period [1] Summary by Relevant Categories Financial Performance - The expected consolidated net loss for the current period is projected to increase due to a decline in paper product sales prices, resulting in a slight decrease in revenue [1] - The reduction in government incentives related to special VAT deductions for the company's subsidiary, Yuantong Paper Industry (Shandong) Co., Ltd., decreased by approximately HKD 6.3 million compared to the previous period [1] Market Conditions - The company is facing challenges due to a complex international trade environment and a sluggish recovery in the consumer market, which are contributing factors to the decline in sales prices [1]

Core Viewpoint - The company, Jianfa Xingsheng (00731), anticipates a consolidated net loss of approximately HKD 38 million to HKD 43 million for the six months ending June 30, 2025, compared to a consolidated net loss of about HKD 33.8 million for the six months ending June 30, 2024 [1] Group 1: Financial Performance - The expected consolidated net loss for the upcoming period represents an increase compared to the previous period [1] - The decline in paper product sales prices due to a complex international trade environment and weak consumer market recovery has contributed to a slight decrease in revenue [1] - The reduction of government incentives related to special VAT deductions for the company's subsidiary, Yuantong Paper Industry (Shandong) Co., Ltd., has decreased by approximately HKD 6.3 million compared to the previous period [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之內容概不 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 部或任何部份內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 – 1 – 由 於 本 公 司 仍 在 落 實 其 於 截 至 二 零 二 五 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績， 於 本 公 告 日 期，本 公 告 所 載 資 料 僅 基 於 對 管 理 賬 目 作 出 的 初 步 審 閱 及 評 估 以 及 董 事 會 目 前 可 得 的 其 他 資 料，其 未 經 本 公 司 核 數 師 審 閱、確 認 或 審 核，亦 未 經 本 公 司 審 核 委 員 會 審 閱，並 可 能 須 作 出 調 整 及 最 終 確 定。根 據 上 市 規 則，本 集團截至二零二五年六月三十日止六個月之未經審核中期業績目前訂於二零 二 五 年 八 月 二 十 七 日 公 佈。 本 公 司 股 東 及 潛 在 投 資 者 於 買 賣 本 公 司 證 券 時 務 請 審 慎 行 事。 C&D Newin ...

| 代码 | 名称 | 最新价 | 涨跌幅 ▽ | | --- | --- | --- | --- | | 00731 建发新胜 | | 0.208 | 6.67% | | 02689 | 玖龙纸业 | 4.620 4.29% | | | 02314 理文造纸 | | 2.680 | 4.28% | 今年以来，造纸企业已在1月—3月和5月进行过两轮提价，而本轮主要是包装纸价格上涨。原材料、能 源及物流等成本上升成为此轮涨价的主要推动因素。业界认为，纸企近期连番发涨价函拉涨纸品出厂价 格，可看作是包装纸行业对今年以来不断下探的市场行情的一次"反攻"。 此次涨价潮对造纸行业上市公司而言，短期内有助于缓解成本压力，但长期的行业健康发展仍需解决产 能过剩、需求提振以及规范市场竞争等多方面问题。(格隆汇) 消息上，刚进入8月，造纸行业便迎来一轮涨价潮。玖龙纸业、理文造纸、山鹰国际等龙头企业近日相 继发布涨价函，宣布自8月1日起上调多款产品价格。这已是7月以来包装纸行业发起的第四轮涨价，显 示出行业调价频率明显加快。 港股纸业股盘初拉升上涨，其中，建发新胜涨近7%，玖龙纸业、理文造纸涨4.3%。 ...

截至月份: 2025年7月31日 狀態: 新提交 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 致：香港交易及結算所有限公司 公司名稱: 建發新勝漿紙有限公司 呈交日期: 2025年8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) | 00731 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.05 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.05 | HKD | | 100,000,000 | | ...

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之內容概不 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依賴該等內容而引致之任何損失承擔任何責任。 有關截至二零二四年十二月三十一日止年度 之年度報告之補充公告 茲提述建發新勝漿紙有限公司（「本公司」）截至二零二四年十二月三十一日止 年度之年度報告（「二零二四年年報」）。除 文 義 另 有 所 指 外，本 公 告 所 用 詞 彙 與 二 零 二 四 年 年 報 所 界 定 者 具 相 同 涵 義。 除 二 零 二 四 年 年 報 所 披 露 的 資 料 外，本 公 司 董 事 會（「董事會」）謹此向本公司股 東 及 潛 在 投 資 者 提 供 以 下 補 充 資 料。 購股權計劃 於 截 至 二 零 二 四 年 十 二 月 三 十 一 日 止 財 政 年 度 年 初 及 年 末，根 據 購 股 權 計 劃 可 予授出的購股權總數均為114,107,582股 股 份，佔 本 公 司 於 二 零 一 五 年 九 月 十 八 日採納購股權計劃之日已發行 ...

Group 1 - The stock price of XD Hunan Hai (600731) closed at 7.0 yuan on July 4, 2025, down 0.85% with a turnover rate of 2.18% and a trading volume of 121,900 hands, amounting to 85.75 million yuan [1] - The latest financial results for Hunan Haili show total operating revenue of 431 million yuan for Q1 2025, a year-on-year increase of 25.44%, and a net profit attributable to shareholders of 56.61 million yuan, up 483.78% year-on-year [1] - The company has a current ratio of 4.110, a quick ratio of 3.233, and a debt-to-asset ratio of 25.74% [1] Group 2 - Hunan Haili Chemical Co., Ltd. was established in 1994 and is located in Changsha, primarily engaged in the manufacturing of chemical raw materials and products [2] - The company has made investments in 16 enterprises and participated in 230 bidding projects, holding 13 trademark registrations and 66 patents, along with 11 administrative licenses [2]

Financial Performance - The company reported a revenue of approximately HKD 1,372.1 million for the fiscal year ending December 31, 2023, compared to HKD 1,044.4 million for the nine months ending December 31, 2022, representing a year-over-year increase of 31.3%[14]. - The operating loss for the fiscal year was HKD 108.1 million, an improvement from a loss of HKD 138.5 million in the previous year[7]. - The gross loss for the year was approximately HKD 20.1 million, a decrease from HKD 54.8 million for the nine months ending December 31, 2022, indicating improved cost management[15]. - The basic and diluted loss per share for the fiscal year was HKD 0.091, compared to HKD 0.107 in the previous year, showing a slight improvement[7]. - The group recorded an annual loss of approximately HKD 128.8 million, compared to a loss of HKD 150.9 million for the nine months ended December 31, 2022[19]. Assets and Liabilities - The company’s non-current assets were valued at HKD 916.5 million as of December 31, 2023, down from HKD 993.1 million in the previous year[7]. - Current assets decreased to HKD 256.5 million from HKD 323.9 million year-over-year[7]. - The company’s total liabilities decreased from HKD 1,001.2 million in 2022 to HKD 993.5 million in 2023, reflecting a focus on cost control[7]. - Bank loans and other borrowings as of December 31, 2023, were approximately HKD 565.9 million, an increase of about 20.6% from HKD 469.3 million as of December 31, 2022[21]. - The debt-to-equity ratio as of December 31, 2023, was 75.0%, up from 59.1% as of December 31, 2022[23]. - The current ratio as of December 31, 2023, was 0.70, slightly down from 0.71 as of December 31, 2022[24]. Market Strategy and Operations - The company plans to actively explore new markets and customers while improving internal cost efficiency as a key strategy for 2024[10]. - The average unit selling price of the company’s main paper products declined due to a sluggish macroeconomic environment, impacting overall profitability[15]. - The company aims to align its operations with national energy strategies and carbon neutrality goals to enhance operational efficiency[10]. - The company plans to enhance production capacity to 500,000 tons per year by upgrading capacity, energy-saving strategies, and optimizing processes in response to expected growth in the paper industry[38]. Management and Governance - The company appointed Mr. Lin Ruqing as an executive director on September 27, 2023, bringing 16 years of business and management experience[43]. - Mr. Huang Tiansheng, the CEO, has over 20 years of experience in supply chain management within the paper industry and was promoted to General Manager of the paper business in March 2024[44]. - The company reported a significant management change with Mr. Zhang Xiaohui becoming the General Manager in 2023, overseeing overall management and operations[46]. - The company has a strong governance structure with independent directors providing oversight and independent advice to the board[54]. - The management team has a diverse background in finance, management, and operations, enhancing the company's strategic capabilities[55]. - The company is focused on expanding its market presence and enhancing operational efficiency through experienced leadership[46]. Corporate Governance - The company has adopted the corporate governance code as per the listing rules, ensuring compliance and transparency[69]. - The board is committed to maintaining strict corporate governance standards, which are crucial for long-term success and shareholder protection[69]. - The company has a strong focus on improving corporate governance practices to align with legal and professional standards[69]. - The board consists of seven directors, including two executive directors, two non-executive directors, and three independent non-executive directors[73]. - The board has approved the group's overall strategy and policies during the year ending December 31, 2023[86]. - The company has received written annual confirmations regarding the independence of all independent non-executive directors[76]. - The company has insurance for directors and senior officers to protect against legal actions arising from company activities, reviewed annually[80]. - The company has established a whistleblowing policy allowing employees and external parties to report misconduct confidentially[117]. Diversity and Inclusion - The company aims to achieve at least one female director on the board by December 31, 2024, targeting a minimum of 20% female representation[104]. - As of December 31, 2023, the gender ratio among employees, including senior management, was approximately 23.1 males to 10 females, indicating a need for improved gender balance[104]. - The company recognizes the importance of diversity at the employee level and aims for a more balanced gender ratio in future years[104]. Shareholder Communication - The company emphasizes the importance of transparency and timely disclosure of information to shareholders and investors[130]. - The company held its annual general meeting on May 22, 2023, where directors and external auditors were present to address shareholder inquiries[130]. - The company has established a website for public access to announcements, financial information, and other relevant data[130]. - The company has a platform for shareholders to propose resolutions at the annual general meeting[137]. Related Party Transactions - Independent non-executive directors confirmed that the ongoing related party transactions are conducted in the ordinary course of business and on fair and reasonable terms[200]. - The company has not entered into any significant contracts with its controlling shareholder during the fiscal year ending December 31, 2023[194].

Financial Performance - For the nine months ended December 31, 2022, the company reported total revenue of approximately HKD 1,044.4 million, a decrease from HKD 1,229.5 million in the previous year[10]. - The company experienced a net loss of approximately HKD 150.9 million, compared to a profit of HKD 471.8 million in the previous year, primarily due to pressures in the domestic paper industry and a weak overall sales market[16]. - Total production during the period was approximately 270,000 tons, reflecting the challenges faced in the packaging paper sector[16]. - Revenue from manufacturing and sales of paper products for the period was approximately HKD 1,044.4 million, down from HKD 1,229.5 million for the year ended March 31, 2022[21]. - Cost of sales for the period was approximately HKD 1,099.2 million, resulting in a gross loss of approximately HKD 54.8 million, compared to a gross profit of HKD 97.1 million for the year ended March 31, 2022[22]. - The company recorded a loss from continuing operations of approximately HKD 150.9 million for the period, compared to a profit of approximately HKD 472.5 million for the year ended March 31, 2022[29]. - The company’s basic and diluted loss per share for the period was HKD (10.7 cents), compared to earnings of HKD 138.1 cents in the previous year[10]. Assets and Liabilities - The company's non-current assets decreased to HKD 993.1 million from HKD 1,096.3 million, while current assets fell to HKD 323.9 million from HKD 480.5 million[10]. - The company's current liabilities were reduced to HKD 459.3 million from HKD 829.3 million, indicating improved liquidity management[10]. - Shareholders' equity decreased to HKD 315.8 million from HKD 508.9 million, reflecting the impact of the net loss on the company's financial position[10]. - Bank loans and other borrowings increased by approximately 49.0% to HKD 469.3 million as of December 31, 2022, compared to HKD 315.0 million as of March 31, 2022[30]. - The company's debt-to-equity ratio was 59.1% as of December 31, 2022, up from 37.8% as of March 31, 2022[34]. - The current ratio improved to 0.71 times as of December 31, 2022, compared to 0.58 times as of March 31, 2022[35]. Operational Strategy - The company plans to enhance operational efficiency and explore new business growth points in response to ongoing market challenges[13]. - The company aims to align with national energy strategies and carbon neutrality goals to seek long-term development opportunities[13]. - The company is actively developing new products and exploring new processes to reduce energy consumption and production costs[17]. - The company aims to increase the proportion of direct sales customers and expand its market presence in southern Yangtze River Basin, Beijing, and Tianjin[17]. - The company is committed to becoming a green enterprise and enhancing its market recognition through increased market share[17]. Employee and Governance - As of December 31, 2022, the total number of employees (excluding directors) was 830, with employee costs (excluding directors' remuneration) amounting to approximately HKD 66.3 million, a decrease from HKD 68.0 million for the year ended March 31, 2022[37]. - The board has approved a new strategy focusing on sustainability, aiming for a 30% reduction in carbon emissions by 2025[58]. - The board consists of nine directors, including three executive directors, three non-executive directors, and three independent non-executive directors[83]. - The company has adopted the corporate governance code as per the listing rules, ensuring compliance with governance standards[79]. - The board has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, to oversee specific aspects of the company's affairs[80]. Risk Management - The company is exposed to credit risk, which could adversely affect its business and financial condition due to significant delays or defaults in customer payments[41]. - To mitigate credit risk, the management has established a team to determine credit limits and approvals based on careful assessments of customer financial conditions[43]. - The company monitors and maintains cash and cash equivalents to manage liquidity risk, ensuring sufficient levels to support operations and reduce cash flow volatility[45]. - The company is closely monitoring foreign exchange risks, primarily dealing in RMB and HKD, and will hedge against such risks when necessary[47]. Future Outlook - For the fiscal year 2023, the company is optimistic about economic recovery in China and plans to enhance profitability through new product development and market expansion in regions like the Yangtze River Basin, Beijing, and Tianjin[48]. - The company has outlined a positive outlook for the upcoming fiscal year, projecting a revenue growth of 20% driven by new product launches and market expansion strategies[58]. - New product development initiatives are underway, focusing on innovative paper products that are expected to capture a larger market share[58]. - The company is exploring market expansion opportunities in Southeast Asia, aiming to increase its footprint in the region by 25% over the next two years[58]. Shareholder Information - The company has adopted a dividend policy but has no predetermined payout ratio and has resolved not to declare any final dividend for the nine months ended December 31, 2022[157]. - For the nine months ended December 31, 2022, the company’s sales to its top five customers accounted for approximately 52.9% of total revenue, with the largest customer contributing about 16.9%[163]. - The company sourced approximately 40.3% of its total purchases from its top five suppliers, with the largest supplier accounting for about 13.3%[163]. - As of December 31, 2022, the company had issued share capital of 1,414,600,832 shares[168]. - Mr. Li Shengfeng holds a controlling interest in the company with 990,220,583 shares, representing 70.00% of the total shares[185].