Group 1 - The core viewpoint of the article is that Changjiang Infrastructure Group (01038.HK) reported its financial performance for the fiscal year ending December 31, 2025, showing a revenue increase and a slight rise in profit [1] - The company achieved a revenue of HKD 41.679 billion, representing a year-on-year growth of approximately 6.9% [1] - The net profit attributable to shareholders was HKD 8.265 billion, which is an increase of 2% compared to the previous year [1] - The board of directors proposed a final dividend of HKD 1.88 per share [1]

Group 1 - The core viewpoint of the article highlights that Changjiang Infrastructure Group (01038) reported a revenue of HKD 41.679 billion for the fiscal year 2025, representing a year-on-year increase of 6.91% [1] - The net profit attributable to shareholders was HKD 8.265 billion, reflecting a year-on-year growth of 1.85% [1] - The earnings per share were reported at HKD 3.28, with a proposed final dividend of HKD 1.88 per share [1] Group 2 - The announcement indicates that the macroeconomic environment has been challenging in recent years, and 2025 is expected to be no different, with geopolitical tensions, trade barriers, interest rate fluctuations, and inflationary pressures being prominent issues [1] - Despite the turbulent situation, the company continues to demonstrate the advantages of its operational model and the resilience of its business [1]

二零二五年董事會主席報告 隨著二零二五年財政年度結束，CK Infrastructure Holdings Limited 長江基建集團有限公 司（「長江基建」、「本公司」或「集團」）邁向二零二六年，迎來集團上市三十週年的里 程碑。我們為歷年取得的成就深感欣慰。 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文件的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本文件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。 CK Infrastructure Holdings Limited 長江基建集團有限公司 （於百慕達註冊成立之有限公司） （股份代號：1038） 在三十載的歷程中，長江基建之規模、業務範疇及地域版圖不斷擴展，由一九九六年 時一家業務集中於香港∕中國內地的公司，發展成為今天最大環球基建翹楚之一。 現時，集團擁有多元化之基建組合，投資及營運範疇遍及四大洲。淨資產由上市當年 一九九六年十二月三十一日約港幣八十四億元，增長逾十五倍至二零二五年十二月三十 一日約港幣一千三百七十九億元。自上市以來，長江基建一直維持股息連年增長之紀錄， 凸顯集團表現堅韌及 ...

Contents Highlights - 2025 and Our 30-Year Journey Financial Review and Financial Management International Business M&A Outlook Appendices CK Infrastructure Holdings Limited 1 ► FY2025 Results at a Glance ► Dividends and Shareholder Return ► Our 30-Year Journey ► 2025 Results Overview ► Financial and Gearing Positions ► Operational Update ► M&A Transactions HIGHLIGHTS – 2025 AND OUR 30-YEAR JOURNEY CK Infrastructure Holdings Limited FY2025 Results At a Glance | Profit Attributable to ▪ Shareholders | Profit ...

格隆汇3月5日丨长江基建集团(01038.HK)宣布，公司将于2026年3月18日(星期三)于香港举行董事会会 议，以(其中包括)批准刊发公司及其附属公司截至2025年12月31日止财政年度之业绩，以及考虑派发末 期股息。 ...

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文件的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本文件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。 CK Infrastructure Holdings Limited 長江基建集團有限公司（「本公司」）之董事會（「董事 會」）謹此宣佈，本公司將於二零二六年三月十八日（星期三）於香港舉行董事會會議， 以（其中包括）批准刊發本公司及其附屬公司截至二零二五年十二月三十一日止 財政年度之業績，以及考慮派發末期股息。 承董事會命 CK Infrastructure Holdings Limited 長江基建集團有限公司 公司秘書 楊逸芝 二零二六年三月五日 於本文件日期，本公司之執行董事為李澤鉅先生（主席）、甘慶林先生（副主席兼聯席董 事總經理）、葉德銓先生（副主席）、霍建寧先生（副主席）、陸法蘭先生、甄達安先生（聯 席董事總經理）、陳來順先生（財務總監及總經理）及陳建華小姐；非執行董事為張英潮 先生（獨立非執行董事）、郭李綺華女士（獨立非執行董事）、孫潘秀美女士（獨立非執 行董事）、藍鴻震先生（獨立非執行董 ...

FF301 公司名稱: CK Infrastructure Holdings Limited 長江基建集團有限公司 呈交日期: 2026年3月3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) | 01038 | 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 | | | 4,000,000,000 | HKD | | 1 HKD | | 4,000,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 4,000,000,000 | HKD | | 1 HKD | | 4,000,000,000 | 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2月28日 狀態 ...

Core Viewpoint - The Hong Kong utility sector demonstrates defensive characteristics, showing resilience during global conflicts and outperforming the Hang Seng Index by 7% in the 60 days following significant events [1] Group 1: Stock Performance - Hong Kong Chinese Gas (00003) increased by 1.72%, reaching HKD 7.69 [1] - CLP Holdings (00002) rose by 0.61%, trading at HKD 74.6 [1] - Power Assets Holdings (00006) saw a gain of 0.96%, priced at HKD 63.4 [1] - Hongkong Electric Holdings (02638) climbed by 0.72%, now at HKD 7.01 [1] - Cheung Kong Infrastructure Holdings (01038) also increased by 0.61%, valued at HKD 66.15 [1] Group 2: Market Analysis - HSBC Global Research indicates that the utility sector in Hong Kong consistently exhibits defensive traits during major global conflicts [1] - The sector's core fundamentals remain robust, supported by regulatory frameworks and long-term contracts, allowing it to withstand macroeconomic uncertainties [1] - The impact of rising fuel prices due to geopolitical tensions, such as the closure of the Strait of Hormuz by Iran, is expected to be minimal on sector profitability, as regulated utilities in Hong Kong, the UK, and Australia can fully pass fuel costs onto consumers [1]

Core Viewpoint - The Hong Kong utility sector demonstrates defensive characteristics, showing resilience and outperforming the market during significant global conflicts, with a consistent 7% lead over the Hang Seng Index in the 60 days following major events [1] Group 1: Market Performance - Hong Kong utility stocks have shown an upward trend, with notable increases: - China Gas Holdings (00003) up 1.72% to HKD 7.69 - Power Assets Holdings (00006) up 0.96% to HKD 63.4 - Hongkong Electric Holdings (02638) up 0.72% to HKD 7.01 - CLP Holdings (00002) up 0.61% to HKD 74.6 - Cheung Kong Infrastructure Holdings (01038) up 0.61% to HKD 66.15 [1] Group 2: Sector Analysis - HSBC Global Research indicates that the utility sector's core fundamentals remain robust, supported by regulatory frameworks and long-term contracts, which help mitigate macroeconomic uncertainties and disruptions [1] - The sector's performance is expected to remain stable despite rising fuel prices due to the closure of the Strait of Hormuz, as regulated utilities in Hong Kong, the UK, and Australia can fully pass fuel costs onto consumers [1]

Core Viewpoint - The article discusses the recent sale of UK Power Networks (UKPN) by the Cheung Kong Group, highlighting the strategy of cashing out mature assets to prepare for future investments, a recurring theme in the family's investment approach [4][5]. Group 1: Transaction Details - On February 26, Cheung Kong Group announced the sale of its entire stake in UKPN for a total consideration of £10.548 billion, approximately HK$110.75 billion [4]. - This transaction marks a significant exit for the Cheung Kong Group in the UK infrastructure sector, reinforcing their strategy of capitalizing on mature assets [5][7]. - UKPN, acquired in 2010, operates a distribution network covering approximately 192,000 kilometers and serves around 8.5 million customers [8]. Group 2: Financial Performance - During the period of Cheung Kong's ownership, UKPN demonstrated stable financial contributions, with pre-tax profits rising from £46.7 million in the fiscal year ending March 31, 2024, to £114.9 million by March 31, 2025 [8][9]. - The overall transaction price reflects a significant appreciation from the original acquisition cost of £5.775 billion in 2010 [9]. Group 3: Strategic Implications - The sale is part of a broader trend where the Cheung Kong Group has accelerated the disposal of mature assets in the UK and Europe, shifting focus towards high-value realizations and capital recovery [15][20]. - Over the past five years, the family has cashed out over HK$350 billion, indicating a strategic pivot towards managing risk and optimizing asset portfolios [12][20]. - The proceeds from the UKPN sale are expected to be used for future investments and acquisitions, aligning with the group's strategy of maintaining liquidity for new opportunities [9][10].