Financial Performance - Revenue for the 2025 Financial Year was approximately RMB9,645,000, representing an increase of approximately 54.54% compared to RMB6,241,000 for the 2024 Corresponding Period[3] - Loss after tax for the 2025 Financial Year was approximately RMB167,730,000, compared to a loss of approximately RMB104,269,000 for the 2024 Corresponding Period[3] - Basic loss per Share for the 2025 Financial Year was approximately RMB8.63 cents, an increase from RMB6.07 cents in the 2024 Corresponding Period[3] - Total revenue from contracts with customers was RMB8,094,000 in 2025, up from RMB4,711,000 in 2024[6] - Gross loss for the year was RMB29,529,000, compared to RMB24,469,000 in the previous year[6] - Loss before tax for the year was RMB167,658,000, compared to RMB104,258,000 in 2024[6] - Total comprehensive expense for the year was RMB169,847,000, compared to RMB103,112,000 in 2024[8] - The Group's total revenue for 2025 was RMB9,645,000, an increase from RMB6,241,000 in 2024, representing a growth of approximately 55%[31] - The Group's loss before tax for 2025 was RMB167,658,000, compared to a loss of RMB104,258,000 in 2024[40] - The company reported a loss for the year attributable to owners of RMB 126,877,000 in 2025, compared to RMB 89,243,000 in 2024[52] Assets and Liabilities - Non-current assets decreased from RMB458,417,000 in 2024 to RMB323,991,000 in 2025[10] - Current liabilities increased slightly from RMB207,454,000 in 2024 to RMB211,515,000 in 2025[10] - As of December 31, 2025, the Group's current liabilities exceeded its current assets by approximately RMB 161,788,000[22] - Total equity decreased from RMB320,137,000 in 2024 to RMB148,589,000 in 2025, a decline of approximately 53.7%[11] - The reserves of the Company showed a significant increase in deficit from RMB (1,124,707,000) in 2024 to RMB (1,253,701,000) in 2025, indicating a worsening financial position[11] - The Group's total assets decreased to approximately RMB373,718,000, down 31.40% from RMB544,799,000 on December 31, 2024[122][127] - The Group's net current liabilities increased to approximately RMB161,788,000 as of December 31, 2025, compared to RMB121,072,000 on December 31, 2024[123][128] - The Group's current ratio was approximately 0.24 times as of December 31, 2025, down from 0.42 times on December 31, 2024[124][128] Dividends and Shareholder Returns - The Board does not recommend the payment of a final dividend for the 2025 Financial Year, consistent with the 2024 Corresponding Period[3] - The company did not pay or propose any dividends for ordinary shareholders during 2025, consistent with 2024[52] Borrowings and Financial Commitments - The Group has capital commitments of approximately RMB87,457,000, while cash and cash equivalents amounted to approximately RMB7,522,000[22] - Non-current liabilities decreased from RMB17,208,000 in 2024 to RMB13,614,000 in 2025, representing a reduction of approximately 20.5%[11] - The Group's borrowings increased to RMB12,800,000 in 2025, compared to no borrowings in 2024[11] - The Group extended borrowings of RMB5,000,000 at an interest rate of 5.5% per annum, repayable on 26 July 2026[25] - The Group obtained a new borrowing of RMB10,000,000 at an interest rate of 10% per annum, repayable within one year from the drawdown date[30] - The Group also secured loan facilities of RMB20,000,000 from a money lending company at an interest rate of 15% per annum[30] Operational Developments - The Group is actively considering the realization of certain investment properties to meet funding needs[25] - The Group is reviewing existing investments and developing new business opportunities, including edge computing infrastructure[30] - The Group's property management business aims to enhance service quality and geographic expansion through the acquisition of Guangzhou Zhudao, which specializes in property management[94] - The Group's main infrastructure construction project, the Zhongfang Chaozhou Industrial Park, has been completed, with the overall settlement by the Chaozhou government expected in 2024[80] - The Shennongjia Hotel project is nearing completion, with major construction expected to finish by 2025, but the Group is reassessing its operational strategy due to declining per capita consumption in high-end travel[81][83] Legal and Compliance Issues - In July 2025, a litigation was filed against the company for outstanding liabilities of approximately RMB11,500,000, with court orders freezing bank balances and shares valued at up to RMB12,000,000[158] - The company continues to face legal challenges that may impact its financial position and operations moving forward[160] - The company has complied with the Corporate Governance Code throughout the 2025 financial year, with a noted deviation regarding insurance coverage for directors[146] - The company did not engage in any purchase, redemption, or sale of listed securities during the 2025 financial year[148] Employee and Staff Costs - The total salaries and emoluments for the Group's employees amounted to approximately RMB8,651,000 during the 2025 Financial Year, an increase from approximately RMB5,882,000 in the previous year[136] - The Group employed a total of 146 employees as of December 31, 2025, a significant increase from 35 employees on December 31, 2024[136] Taxation - Current tax expense increased to RMB72,000 in 2025 from RMB11,000 in 2024[46] - Income tax expenses for the Group in 2025 were approximately RMB72,000, compared to RMB11,000 in 2024[74] - The tax rate for the company and its PRC subsidiaries remains at 25% for both years[46] Audit and Reporting - The audit committee reviewed the accounting principles and practices adopted by the company and discussed the financial reporting matters for the 2025 Financial Year[164][169] - The figures in the consolidated financial statements for the year ended December 31, 2025, have been agreed upon by the Group's auditor, Asian Alliance (HK) CPA Limited[165][170] - The annual report for the 2025 Financial Year will be dispatched to shareholders who request a printed copy and published on the Stock Exchange and the company's website[166][171]

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。 瀋陽公用發展股份有限公司（「本公司」）董事會（「董事會」）宣佈，本公司將於2026 年3月26日（ 星期四 ）召開董事會會議，藉以（ 其中包括 ）批准本公司及其附屬公司 截 至 2025 年 12 月 31 日 止 年 度 之 全 年 業 績 及 其 公 佈 ； 以 及 考 慮 建 議 派 發 末 期 股 息 （ 如有）。 承董事會命 瀋陽公用發展股份有限公司 主席 張敬明 中國瀋陽，2026年3月16日 瀋 陽 公 用 發 展 股 份 有 限 公 司 Shenyang Public Utility Holdings Company Limited （在中華人民共和國註冊成立之股份有限公司） （股份代號：747） 董事會會議通知 在本公告日期，本公司之執行董事為張敬明先生、黃春鋒先生及冷小榮先生；本 公司之非執行董事為周霆欣先生；及本公司之 ...

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。 瀋 陽 公 用 發 展 股 份 有 限 公 司 Shenyang Public Utility Holdings Company Limited （在中華人民共和國註冊成立之股份有限公司） （股份代號：747） 於本公告日期，本公司仍在落實本集團於2025財政年度的全年業績。本公告所載 資料僅基於本集團於2025財政年度的未經審核綜合管理賬目的初步評估及本公司 目前可得資料，尚未經獨立核數師或本公司審核委員會審核或審閱。因此，2025 財政年度的實際業績可能須進一步調整。股東及潛在投資者務請仔細閱讀本公司 預期將於2026年3月刊發的2025財政年度全年業績公告。 – 1 – 本公司股東及潛在投資者於買賣本公司股份時務請審慎行事。 承董事會命 瀋陽公用發展股份有限公司 主席 盈利警告 本公告由瀋陽公用發展股份有限公司（「本公司」，連同其附 ...

FF301 截至月份: 2026年2月28日 狀態: 新提交 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: 瀋陽公用發展股份有限公司 呈交日期: 2026年3月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00747 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 605,376,000 | RMB | | 1 RMB | | 605,376,000 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 605,376,000 | RMB | | 1 RMB | | 605,376,000 | | 2. 股份分類 | 普通股 | 股份類別 | 其他 ...

Core Viewpoint - Shenyang Public Utilities Development Co., Ltd. (00747.HK) has shown a fluctuating upward trend in its stock price over the past week, with a recent price of HKD 0.11, reflecting a 10.00% increase over five days, outperforming the Hang Seng Index [1] Group 1: Stock Performance - The stock price increased by 15.00% on February 9, followed by a 4.35% pullback on February 10, and closed flat at HKD 0.11 on February 11 [1] - The average daily trading volume remains low, below HKD 150,000, with a turnover rate between 0.01% and 0.20%, indicating limited market participation [1] - The current stock price is near the upper Bollinger Band (HKD 0.116), with the KDJ indicator showing a J line at 48.37, indicating a neutral zone, while the MACD histogram has turned positive, suggesting strong short-term momentum [1] Group 2: Recent Events - From February 4 to 7, 2026, Liaoning Province held a series of conferences focusing on policy support and financing for key industries such as automotive, machinery, and power equipment [2] - As a local infrastructure company, Shenyang Public Utilities Development may indirectly benefit from regional policy expectations, although the company has not released any direct announcements related to these events [2]

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 截至月份: 2026年1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: 瀋陽公用發展股份有限公司 呈交日期: 2026年2月3日 I. 法定/註冊股本變動 第 1 頁 共 10 頁 v 1.2.0 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 1. 股份分類 普通股 股份類別 H 於香港聯交所上市 (註1) 是 證券代號 (如上市) 00747 說明 H股 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 605,376,000 0 605,376,000 增加 / 減少 (-) 本月底結存 605,376,000 0 605,376,000 足夠公眾持股量的確認(註4) | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《GEM上市規則》第17.37D(1)條或第25.21D(1)條，我們在此確認，就上述所列股份類別而言，截至本月底: | | --- | | ✔ 已符合適用的公眾持股量要求（見下方） | | 未符合適用 ...

Market Overview - The Hong Kong stock market opened higher on January 22, with the Hang Seng Index rising by 0.62% to 26,750.51 points, the Hang Seng Tech Index increasing by 0.85% to 5,795 points, and the National Enterprises Index up by 0.55% to 9,173.54 points [1] - Major tech stocks mostly rose, with Alibaba up 1.72%, Tencent Holdings up 0.33%, JD Group up 0.98%, and Xiaomi Group up 0.9% [1] - Chip stocks opened high, with Zhaoyi Innovation rising over 7% [1] - The innovative drug concept was active, with WuXi Biologics rising over 1% [1] - Gold stocks generally fell, with Shandong Gold down over 2% [1] - Longqi Technology's IPO on the Hong Kong stock market saw a nearly 13% increase on its first day [1] Company News - Shanghai Electric (02727.HK) expects a net profit of RMB 1.1 billion to RMB 1.32 billion for 2025, an increase of approximately 47% to 76% year-on-year [2] - Kingdee International (00268.HK) anticipates total revenue of approximately RMB 6.95 billion to RMB 7.05 billion for 2025, a year-on-year growth of about 11.1% to 12.7% [2] - Beijing Machinery Electric (00187.HK) expects a net loss of RMB 46 million to RMB 55.2 million for 2025, primarily due to intensified international trade frictions affecting its gas storage and transportation export business [2] - Chow Tai Fook (01929.HK) reported a retail value growth of 17.8% for the three months ending December 31, 2025, with mainland China retail value increasing by 16.9% [2] - Zai Lab (09911.HK) anticipates a cumulative download of approximately 970 million for its social business by 2025, a year-on-year increase of about 5.9% [2] Strategic Developments - Ruiri Medical Technology (01696.HK) signed a letter of intent for cooperation with Stryker Medical to establish localized production in China [3] - Cathay Pacific (00293.HK) and Hong Kong Express expect to carry over 36 million passengers in 2025, a year-on-year increase of 27% [4] - Shenyang Public Development (00747.HK) has initiated edge computing infrastructure and service business [5] - Flat Glass Group (06865.HK) plans to absorb and merge with Zhongda Quartz Development [6] Share Buybacks - Xiaomi Group (01810.HK) repurchased 7 million shares for HKD 248 million at prices between HKD 35.22 and HKD 35.48 [7] - Pop Mart (09992.HK) repurchased 500,000 shares for HKD 96.49 million at prices between HKD 191.1 and HKD 194.9 [8] - Sunny Optical Technology (02382.HK) repurchased 970,000 shares for HKD 61.39 million at prices between HKD 62.30 and HKD 63.95 [9] - Geely Automobile (00175.HK) repurchased 2.376 million shares for HKD 39.62 million at prices between HKD 16.62 and HKD 16.81 [10] Financial Instruments - Huaneng International Power (00902.HK) completed the issuance of RMB 2 billion medium-term notes [11] - CICC (03908.HK) plans to issue up to RMB 5 billion in bonds for technology innovation companies [12] Institutional Insights - Dongwu Securities noted that despite a general reduction in the Fed's interest rate cut expectations in overseas markets, domestic investors remain optimistic [13] - Orient Securities highlighted that recent U.S. measures against Venezuela and Greenland have increased geopolitical risks, supporting gold prices [14] - Zheshang Securities suggested that the humanoid robot sector has formed an ecological closed loop, recommending attention to component suppliers and undervalued transformation targets [14] - CITIC Securities indicated that new policies from the National Medical Insurance Administration will accelerate the promotion of surgical robots in China [14]

Core Viewpoint - The company is actively seeking opportunities in infrastructure construction in China, but anticipates limited government spending due to slow economic recovery [1] Group 1: Infrastructure Development - The company continues to explore suitable infrastructure projects that align with national policies while closely monitoring policy directions [1] - The company has established a team of management experts with rich experience in information technology solutions, artificial intelligence, Internet of Things, and smart communities to develop edge computing infrastructure and services [1] Group 2: Edge Computing Services - The company has signed a service agreement worth RMB 24 million with a client, effective until January 21, 2027, with potential extensions until December 31, 2030 [2] - The services provided will include equipment deployment, system debugging, software platform integration, usage statistics, billing, and ongoing maintenance of hardware and software systems [2] Group 3: Business Strategy - The expansion into edge computing infrastructure and services aligns with the company's existing infrastructure construction and property development businesses, complementing them [3] - The company aims to diversify its revenue sources and promote long-term sustainable development through a cautious and diversified strategy, given the ongoing downturn in the Chinese property market [3]

Core Viewpoint - The company is expanding into edge computing infrastructure and services, leveraging its existing expertise in infrastructure development and property management to enhance its business model and diversify revenue streams [1][2] Group 1: Business Development - The company has established a team of management experts with extensive experience in information technology solutions, artificial intelligence, the Internet of Things, and smart communities to develop its edge computing infrastructure and services [1] - As of the announcement date, the company has initiated its edge computing infrastructure and services business, including the procurement of network bandwidth resources and coordination with infrastructure site providers for edge node deployment [1] - The company has signed a service agreement worth RMB 24 million with a client, effective until January 21, 2027, with the possibility of extension until December 31, 2030 [1] Group 2: Strategic Alignment - The expansion into edge computing infrastructure and services aligns with the company's existing infrastructure construction and property development business, complementing its current operations [2] - The company possesses experience in infrastructure planning, site coordination, project management, construction execution, and long-term operations, which provides a solid foundation for deploying and operating edge computing facilities [2] - The company aims to explore edge computing opportunities cautiously, leveraging its management team's expertise and existing infrastructure-related experience to promote long-term sustainable business development [2]

Core Viewpoint - The company is actively seeking opportunities in infrastructure construction in China, but anticipates limited government spending due to slow economic recovery [1] Group 1: Infrastructure Development - The company continues to explore suitable infrastructure projects that align with national policies while closely monitoring policy directions [1] - The company has established a team of management experts with rich experience in information technology solutions, artificial intelligence, IoT, and smart communities to develop edge computing infrastructure and services [1][3] Group 2: Edge Computing Services - The company has signed a service agreement worth RMB 24 million with a client, effective until January 21, 2027, with the possibility of extension until December 31, 2030 [2] - The services provided will include equipment deployment, system debugging, software platform integration, usage statistics, billing, and ongoing maintenance of hardware and software systems [2] Group 3: Business Strategy - The expansion into edge computing infrastructure and services aligns with the company's existing infrastructure construction and property development businesses, complementing them [3] - The company aims to diversify its revenue sources and promote long-term sustainable development through a cautious and diversified strategy, especially in light of the ongoing downturn in the Chinese property market [3]