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11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國港能智慧能源集團有限公司 呈交日期: 2025年12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) | 00931 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | HKD | | 0.02 | HKD | | 400,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 20,000,000,000 | HKD | | 0.02 | HKD | | 400,000,00 ...

Core Insights - China Port Energy (00931) reported a revenue of HKD 253 million for the six months ending September 30, 2025, representing a year-on-year growth of 0.1% [1] - The company experienced a loss attributable to shareholders of HKD 70.81 million, which is an increase of 33.9% compared to the previous year [1] - Basic loss per share was HKD 0.01 [1] Revenue Breakdown - The slight revenue growth was primarily driven by an increase in natural gas revenue, which rose by approximately HKD 7 million or 3.2%, although this was partially offset by a decrease in renewable energy revenue, which fell by about HKD 6.6 million or 20.4% [2] - Natural gas revenue accounted for 89.5% of total revenue during the reporting period, up from 86.8% in the previous period, marking an increase of 2.7% [2] - Renewable energy revenue represented 10.2% of total revenue, down from 12.8% in the prior period, reflecting a decrease of 2.6% [2] Segment Performance - Revenue from liquefied natural gas (LNG) point-to-point supply was approximately HKD 52.5 million, a decline of 32.3% from about HKD 77.4 million in the previous period, attributed to increased competition at terminal refueling stations [2] - Revenue from LNG and pipeline natural gas (trading) wholesale business was around HKD 160 million, an increase of 33.6% from approximately HKD 120 million previously, driven by higher local natural gas consumption and expanded distribution channels [2] - Revenue from LNG (logistics) distribution was about HKD 17.5 million, down 29.6% from approximately HKD 24.9 million, mainly due to market competition and reduced customer demand [2] - Sales and distribution of renewable energy products generated approximately HKD 7.8 million, a significant decline of 66.2% from about HKD 22.9 million, primarily due to a decrease in contract signings [2] - Revenue from the development of comprehensive renewable energy solutions was approximately HKD 18 million, an increase of 91.3% from about HKD 9.4 million, attributed to a rise in customer numbers and energy coverage [2] - Financial services revenue was HKD 950,000, a slight decrease from HKD 1.02 million in the previous period, mainly related to interest income from lending activities [2]

Core Viewpoint - China Port Energy (00931) reported a revenue of HKD 253 million for the six months ending September 30, 2025, reflecting a year-on-year growth of 0.1%, but the loss attributable to shareholders widened by 33.9% to HKD 70.81 million, with a basic loss per share of 1.00 HKD cent [1] Revenue Breakdown - The slight revenue growth of 0.1% was primarily driven by an increase in natural gas revenue, which rose by approximately HKD 7 million or 3.2%, although this was partially offset by a decrease in renewable energy revenue, which fell by about HKD 6.6 million or 20.4% [2] - Natural gas revenue accounted for 89.5% of total revenue during the reporting period, up from 86.8% in the previous period, indicating a 2.7% increase [2] - Renewable energy revenue represented 10.2% of total revenue, down from 12.8% in the previous period, reflecting a decline of 2.6% [2] Segment Performance - Revenue from liquefied natural gas (LNG) point-to-point supply was approximately HKD 52.5 million, a decrease of 32.3% from about HKD 77.4 million in the previous period, attributed to intensified competition at terminal refueling stations [2] - Revenue from LNG and pipeline natural gas (trading) wholesale business was around HKD 160 million, an increase of 33.6% from approximately HKD 120 million in the previous period, driven by increased local natural gas consumption and expanded distribution channels [2] - Revenue from LNG (logistics) distribution was about HKD 17.5 million, down 29.6% from approximately HKD 24.9 million in the previous period, primarily due to market competition and reduced customer demand [2] - Sales and distribution of renewable energy products generated approximately HKD 7.8 million, a significant decline of 66.2% from about HKD 22.9 million in the previous period, mainly due to a decrease in contract signings [2] - Revenue from the development of comprehensive renewable energy solutions was approximately HKD 18 million, an increase of 91.3% from about HKD 9.4 million in the previous period, attributed to an increase in customer numbers and energy coverage [2] - Revenue from financial services was HKD 950,000, a slight decrease from HKD 1.02 million in the previous period, primarily related to interest income from lending activities [2]

Core Viewpoint - China Port Energy (00931.HK) reported a slight increase in revenue but a significant rise in losses for the six months ending September 30, 2025, indicating challenges in its operations and market conditions [1] Financial Performance - The company recorded revenue of approximately HKD 250 million, a year-on-year increase of 0.1% [1] - The loss amounted to approximately HKD 72.8 million, an increase of 27.6% compared to the previous period's loss of about HKD 57 million [1] - The board does not recommend any interim dividend for the reporting period [1] Revenue Breakdown - Revenue from natural gas increased by approximately HKD 7 million or 3.2%, contributing 89.5% to total revenue, up from 86.8% in the previous period [1] - Revenue from renewable energy decreased by approximately HKD 6.6 million or 20.4%, accounting for 10.2% of total revenue, down from 12.8% [1] Segment Performance - Revenue from liquefied natural gas (LNG) retail point-to-point supply was approximately HKD 52.5 million, a decline of 32.3% from about HKD 77.4 million due to increased competition at refueling stations [2] - Revenue from LNG and pipeline gas wholesale was approximately HKD 160 million, an increase of 33.6% from about HKD 120 million, driven by local gas consumption growth and expanded distribution channels [2] - Revenue from LNG logistics distribution was approximately HKD 17.5 million, a decrease of 29.6% from about HKD 24.9 million, attributed to market competition and reduced customer demand [2] - Revenue from renewable energy product sales and distribution was approximately HKD 7.8 million, a decline of 66.2% from about HKD 22.9 million, mainly due to a decrease in contract signings [2] - Revenue from new energy comprehensive solutions increased by approximately HKD 18 million, or 91.3%, due to an increase in customer numbers and energy coverage [2] - Revenue from financial services was HKD 950,000, a slight decrease from HKD 1.02 million, primarily related to interest income from lending activities [2]

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 253,113,000, a slight increase from HKD 252,777,000 in the same period of 2024, representing a growth of 0.13%[3] - The cost of sales increased to HKD 237,618,000 from HKD 211,988,000, resulting in a gross profit of HKD 15,495,000, down 62% from HKD 40,789,000 year-on-year[3] - The company recorded a loss before tax of HKD 72,634,000, compared to a loss of HKD 55,568,000 in the previous year, indicating a deterioration of 30.7%[3] - The total comprehensive loss for the period was HKD 67,214,000, compared to a loss of HKD 57,766,000 in the same period last year, reflecting an increase of 16.8%[4] - The basic and diluted loss per share for the period was HKD 1.00, compared to HKD 0.81 in the previous year, indicating a decline of 23.5%[4] - The company reported a pre-tax loss of HKD 70,809,000 for the six months ended September 30, 2025, compared to a loss of HKD 52,895,000 for the same period in 2024[24] - The company incurred a net loss of approximately HKD 72.8 million, an increase of 27.6% compared to the previous period's loss of approximately HKD 57 million[61] - Total gross profit for the period was approximately HKD 15.5 million, a decrease of 62% from approximately HKD 40.8 million in the previous period, resulting in a gross margin of 6.1%, down from 16.1%[53] Assets and Liabilities - Non-current assets increased to HKD 1,214,820,000 from HKD 1,174,954,000, showing a growth of 3.4%[5] - Current assets rose to HKD 557,589,000 from HKD 528,445,000, marking an increase of 5.5%[5] - The company's total liabilities increased to HKD 1,448,109,000 from HKD 1,465,006,000, a decrease of 1.1%[6] - The net asset value improved to HKD 324,300,000 from HKD 238,393,000, representing a significant increase of 36%[6] - The total liabilities from bank borrowings were HKD 239,122,000 as of September 30, 2025, compared to HKD 214,706,000 as of March 31, 2025, showing an increase of 11.4%[31] - The company reported a total of HKD 1,021,863,000 in other payables and accrued expenses as of September 30, 2025, slightly down from HKD 1,060,462,000 as of March 31, 2025[30] - The company has a loan from a shareholder amounting to HKD 376,961,000 as of September 30, 2025, down from HKD 432,722,000 as of March 31, 2025, indicating a decrease of 12.9%[30] - The total amount of contract liabilities increased to HKD 46,212,000 as of September 30, 2025, compared to HKD 20,508,000 as of March 31, 2025, reflecting a significant increase of 125.5%[30] Revenue Streams - Sales and distribution of natural gas generated HKD 208,922,000, up 7.3% from HKD 194,554,000 in the previous year[17] - The company recorded retail sales of natural gas at 8,244 tons, a decrease from 11,426 tons in the previous year, with revenue from point-to-point LNG supply at approximately 52,452,000 HKD, accounting for 20.7% of total revenue during the reporting period[40] - The company recorded a total natural gas trade sales volume of 43,847 tons, a significant increase from 28,632 tons in the previous year, with wholesale LNG and pipeline gas trade revenue amounting to approximately HKD 156,470,000, contributing 61.8% to total revenue[41] - The pipeline gas trade accounted for 95% of total natural gas trade volume, with sales of 41,665 tons and revenue of approximately HKD 146,456,000, up from HKD 100,652,000 in the previous year[41] - The company's logistics business generated revenue of approximately HKD 17,513,000, down from HKD 24,864,000 in the previous year, contributing 6.9% to total revenue[42] - The renewable energy business recorded revenue of approximately HKD 25,733,000, a decrease from HKD 32,337,000 in the previous year, accounting for 10.2% of total revenue[46] - The development and application of integrated renewable energy solutions generated revenue of approximately HKD 17,978,000, significantly up from HKD 9,398,000 in the previous year[47] Operational Strategies - The company continues to focus on developing new energy technology products and integrated solutions, leveraging proprietary patents and advanced energy utilization technologies[8] - The company is actively developing zero-carbon energy systems centered on biomass and natural gas, in line with national policies promoting high-quality development and carbon neutrality[37] - The company aims to enhance operational efficiency and energy structure optimization in response to national policies, focusing on AI smart systems and zero-carbon projects[38] - The company’s natural gas segment leverages urban gas supply networks to serve residential and commercial users, enhancing resource allocation and market responsiveness[37] - The company’s new energy segment is focused on smart heating projects in northern regions, providing zero-carbon steam supply services to industrial parks[37] - The company aims to drive dual-engine growth in natural gas and renewable energy businesses, focusing on market expansion and innovative business models[50] - The company plans to integrate AI technology into clean energy system operations and develop zero-carbon energy solutions centered around biomass energy[51] Investments and Projects - The company is investing approximately RMB 590 million in the Zhanjiang Energy Supply and Distribution Project, which is expected to be completed in the second half of 2026[75] - The company has secured a 20-year franchise for the Dongguan Songshan Lake Energy Station project, with an investment of RMB 107 million planned for the construction of an integrated energy system[77] - The company plans to invest up to RMB 417 million in the Xi'an Weiyang District Clean Energy Project, which includes the construction of a 182.2MW energy station and a 5 million square meter wastewater source system[79] - The company is in the process of establishing a joint venture for the China Port Energy Headquarters Production Base and R&D Center, with an investment of approximately RMB 36 million, expected to be completed in the second half of 2026[78] Governance and Compliance - The company has adopted the corporate governance code as per the Listing Rules Appendix C1, ensuring compliance during the reporting period[85] - All directors confirmed full compliance with the standard code for securities trading as of September 30, 2025[86] - The Audit Committee, consisting of three independent non-executive directors, provides independent insights on financial controls and risk management systems[87] - The board of directors includes three executive directors and three independent non-executive directors, ensuring a diverse governance structure[90] Market Conditions and Risks - The International Monetary Fund (IMF) revised the global economic growth forecast for 2025 to 3.2%, down from 3.3% at the beginning of the year, indicating a slowdown in growth momentum[34] - The company faces foreign exchange risks due to its operations in China and the reporting currency being in HKD, with potential negative impacts on reported revenue if the HKD appreciates against the RMB[69] - The company has established stable relationships with major gas suppliers to mitigate risks related to gas supply shortages and price volatility, aiming to control procurement costs[70] Employee and Operational Metrics - As of September 30, 2025, the total number of employees decreased to 445 from 518, with employee costs amounting to approximately HKD 30.6 million, reflecting cost-cutting measures[72] - The company has no significant investments, acquisitions, or disposals of subsidiaries during the reporting period[74] - The company has no significant contingent liabilities as of September 30, 2025[66] - The company has no major post-reporting period events as of the report date[73]

Group 1 - China Hong Kong Energy (00931.HK) experienced a significant decline, dropping nearly 14% [1] - As of the latest update, the stock price fell by 13.64%, reaching 0.475 HKD [1] - The trading volume amounted to 63.4791 million HKD [1]

Core Viewpoint - China Port Energy (00931) has experienced a significant decline of nearly 14%, currently trading at 0.475 HKD, with a transaction volume of 63.48 million HKD. The company anticipates a loss attributable to shareholders of approximately 65 million to 75 million HKD for the six months ending September 30, 2025, compared to a loss of about 54 million HKD for the corresponding period ending September 30, 2024. This change is primarily due to an asset disposal of around 13 million HKD during the current interim period [1]. Financial Performance - The company expects a loss of approximately 65 million to 75 million HKD for the six months ending September 30, 2025 [1] - For the corresponding period ending September 30, 2024, the anticipated loss is about 54 million HKD [1] - The asset disposal during the current interim period amounts to approximately 13 million HKD [1] Business Operations - The period from April to September is identified as the off-peak season for the company's liquefied natural gas business and the largest segment of its new energy business providing heating services in northern China [1] - The company has several new projects planned for launch in the second half of the year, which are expected to contribute positively to revenue and profitability [1] - The board expresses optimism regarding the company's transition from a loss to profit for the fiscal year ending March 31, 2026, based on current business activities and development trends [1]

Core Viewpoint - China Port Energy (00931) has experienced a significant decline of nearly 14%, with a current trading price of 0.475 HKD and a trading volume of 63.48 million HKD, following the announcement of expected losses for the upcoming interim results [1] Financial Performance - The company anticipates a loss attributable to shareholders of approximately 65 million to 75 million HKD for the six months ending September 30, 2025, compared to a loss of about 54 million HKD for the corresponding period ending September 30, 2024 [1] - The expected loss is primarily due to an asset disposal of around 13 million HKD related to properties, plants, and equipment [1] Business Seasonality - The period from April to September is identified as the off-peak season for the company's liquefied natural gas business, which is also the peak off-season for its new energy business providing heating services in northern China [1] - The company has several new projects planned for launch in the second half of the year, which are expected to contribute positively to revenue and profitability [1] Future Outlook - The board expresses optimism regarding the company's ability to turn around from a loss to a profit for the fiscal year ending March 31, 2026, based on current business activities and development trends [1]

Core Viewpoint - China Port Energy (00931) anticipates a loss attributable to shareholders of approximately HKD 65 million to HKD 75 million for the six months ending September 30, 2025, compared to a loss of about HKD 54 million for the corresponding period ending September 30, 2024 [1] Financial Performance - The expected loss for the current interim period is primarily due to an asset disposal of approximately HKD 13 million related to properties, plants, and equipment [1] - The company experienced a loss in the previous interim period, indicating a trend of financial challenges [1] Business Operations - The period from April to September is identified as the off-peak season for the company's liquefied natural gas business, which is a significant segment of its operations [1] - The company is optimistic about its full-year performance from April 1, 2025, to March 31, 2026, expecting to turn a loss into profit based on current business activities and development trends [1] Future Outlook - Several new projects are planned to be launched in the second half of the year, which are expected to contribute positively to the company's revenue and profitability [1]

Core Viewpoint - China Port Energy (00931.HK) anticipates a loss attributable to shareholders of approximately HKD 65 million to HKD 75 million for the six months ending September 30, 2025, compared to a loss of about HKD 54 million for the corresponding period ending September 30, 2024, primarily due to asset disposals of approximately HKD 13 million [1] Group 1 - The company is experiencing a seasonal downturn in its liquefied natural gas business from April to September, which is also the off-peak season for its heating services in northern China [1] - Several new projects are planned to launch in the second half of the year, which are expected to help drive revenue and profitability for the group [1] - The board remains optimistic about the company's full-year performance transitioning from a loss to a profit for the fiscal year ending March 31, 2026, based on current business activities and development trends [1]