Financial Performance - For the fiscal year ending December 31, 2025, revenue was approximately RMB 903,164,000, an increase of about RMB 333,095,000 compared to 2024[2] - Gross profit margin for the fiscal year was approximately 12.0%, an increase of about 1.6 percentage points from 2024[2] - The loss attributable to owners of the company for the fiscal year was approximately RMB 18,910,000, a decrease of about RMB 23,654,000 compared to 2024[2] - Total comprehensive loss attributable to owners of the company for the fiscal year was approximately RMB 47,965,000, a decrease of about RMB 29,244,000 compared to 2024[2] - Basic and diluted loss per share for the fiscal year was approximately RMB 0.49, a decrease of about RMB 0.61 compared to 2024[2] - The company did not recommend the declaration of any final or interim dividends for the fiscal year[2] - The group incurred a total annual loss of RMB 18,694,000 for the fiscal year ending December 31, 2025, compared to a loss of RMB 43,348,000 in the previous year[13] - The total comprehensive loss for the year was approximately RMB 48,342,000, a reduction from RMB 77,993,000 in 2024, driven by improved performance in the SAWH pipe segment[98] Assets and Liabilities - Total assets less current liabilities were approximately RMB 467,481,000, a decrease from RMB 534,375,000 in 2024[6] - Non-current assets totaled approximately RMB 488,164,000, down from RMB 549,733,000 in 2024[5] - Current liabilities amounted to approximately RMB 540,721,000, an increase from RMB 530,122,000 in 2024[6] - As of December 31, 2025, the group's current liabilities exceed current assets by approximately RMB 20,683,000[10] - The group's total assets as of December 31, 2025, amounted to RMB 1,008,202,000, while total liabilities were RMB 629,215,000[14] - The company's net current liabilities increased to approximately RMB 20,683,000 from RMB 15,358,000, with Shandong Victory Steel Pipe being selected as a core supplier for a major procurement project[99] Revenue Sources - For the fiscal year ending December 31, 2025, the group reported total revenue of RMB 903,164,000 from the welding pipe business, with a segment profit of RMB 27,410,000[13] - Customer A generated revenue of RMB 703,017,000 in the welding pipe business for the year ending December 31, 2025, compared to RMB 375,443,000 in 2024, representing an increase of 87.1%[17] - Total revenue from the welding business for 2025 was RMB 903,164,000, up from RMB 570,069,000 in 2024, indicating a growth of 58.3%[17][18] - The revenue from welding pipe sales alone reached RMB 824,128,000 in 2025, compared to RMB 514,921,000 in 2024, marking a 60.1% increase[17] - Other income for 2025 amounted to RMB 19,423,000, significantly higher than RMB 7,657,000 in 2024, reflecting an increase of 153.5%[22] Expenses and Costs - The company incurred financial expenses of RMB 12,647,000 in 2025, a decrease from RMB 13,872,000 in 2024, representing a reduction of 8.8%[23] - Research and development expenses for 2025 were RMB 8,336,000, indicating a commitment to innovation and product development[23] - The company reported a pre-tax loss for 2025, which included employee benefits expenses totaling RMB 65,596,000, up from RMB 56,765,000 in 2024, an increase of 15.5%[23] - The company's administrative expenses increased to approximately RMB 87,638,000 from RMB 78,334,000, mainly due to higher R&D expenditures[90] Trade Receivables and Payables - Trade receivables from third parties increased to RMB 106,667,000 in 2025 from RMB 49,668,000 in 2024[41] - Trade receivables at the end of the reporting period increased to RMB 107,263,000 from RMB 49,668,000 in the previous year, representing a growth of 115.5%[43] - The provision for expected credit losses increased to RMB 886,000 from RMB 539,000, reflecting a rise of 64.5%[44] - The total amount of trade payables rose significantly to RMB 149,484,000 from RMB 46,104,000, marking an increase of 224.5%[48] Financial Resources and Commitments - The group has sufficient financial resources to meet its financial obligations for the next twelve months based on cash flow forecasts[10] - The group has a capital commitment of approximately RMB 22,000 related to the acquisition of property, plant, and equipment as of December 31, 2025, down from RMB 175,000 in 2024[110] - The group has pledged assets worth approximately RMB 112,258,000 and land use rights worth approximately RMB 66,176,000 to secure bank loans totaling RMB 272,620,000[111] Management and Governance - The audited consolidated financial statements for the fiscal year ending December 31, 2025, have been approved by the auditor, with no reservations expressed[124] - The audit committee, established on November 21, 2009, consists of three independent non-executive directors, ensuring oversight of financial reporting procedures[125] - The total remuneration for directors and key management personnel decreased from RMB 7,461,000 in 2024 to RMB 6,471,000 in 2025, reflecting a reduction of approximately 13.2%[59] Strategic Initiatives and Market Position - The company is committed to leveraging opportunities in the oil and gas pipeline industry while maintaining stable growth in its core pipeline business[128] - The company successfully developed five new social market clients during the year, enhancing its market influence and competitiveness[69] - The company aims to enhance its technical innovation and management capabilities to steadily improve operational quality and development momentum, creating long-term value for investors[80] - The company is committed to fulfilling its supply responsibilities with higher standards, leveraging its strong position in procurement bidding[75]

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 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 SHENGLI OIL & GAS PIPE HOLDINGS LIMITED 勝利油氣管道控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1080） 董事會會議通告 張必壯 山東淄博，二零二六年三月十七日 – 1 – 1. 考慮及批准本公司及其附屬公司截至二零二五年十二月三十一日止年度的經審 核綜合財務報表（「年度業績」）； 2. 考慮及批准將根據上市規則之規定發佈之年度業績公告； 3. 考慮建議派發末期股息（如有）；及 4. 考慮舉行本公司應屆股東週年大會。 於本公告日期，本公司董事為： 勝利油氣管道控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，將於 二零二六年三月二十七日（星期五）舉行董事會會議，藉以考慮（其中包括）以下事 項： 承董事會命 勝利油氣管道控股有限公司 執行董事兼行政總裁 本公告乃根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.43條而作 ...

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 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 SHENGLI OIL & GAS PIPE HOLDINGS LIMITED 勝利油氣管道控股有限公司 （於開曼群島註冊成立的有限公司） – 1 – 根據對管理賬目的初步審閱及本公司現時可取得之資料，董事會認為，二零二五財 年本公司擁有人應佔年度虧損及本公司擁有人應佔年度綜合虧損總額預期減少乃主 要由於以下原因所致： 於本公告日期，本公司現正編製及落實本集團二零二五財年之年度業績。本公告所 載資料僅基於董事會對本集團未經審核綜合管理賬目的初步評估及董事會現時可獲 得之資料，尚待最終確定及調整（如有），且未經本公司獨立核數師審核，亦未經董 事會審核委員會審閱。年度業績公告預期將於二零二六年三月底前刊發。 股東及潛在投資者於買賣本公司股份時務須審慎行事。 承董事會命 （股份代號：1080） 盈利警告 — 虧損減少 本公告乃由勝利油氣管道控股有限公司（「本公司」，連同其附屬公司統稱「本集團」） 根據香港聯合交 ...

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 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 勝利油氣管道控股有限公司 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 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01080 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | 本月底法定/註冊 ...

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: 勝利油氣管道控股有限公司 呈交日期: 2026年2月4日 I. 法定/註冊股本變動 本月底法定/註冊股本總額： HKD 500,000,000 FF301 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 不適用 於香港聯交所上市 (註1) 是 證券代號 (如上市) 01080 說明 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 3,874,365,600 0 3,874,365,600 增加 / 減少 (-) 本月底結存 3,874,365,600 0 3,874,365,600 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: | | | ...

致：香港交易及結算所有限公司 公司名稱: 勝利油氣管道控股有限公司 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12月31日 狀態: 新提交 呈交日期: 2026年1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) | 01080 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | 本月底法定/註 ...

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: 勝利油氣管道控股有限公司 呈交日期: 2025年12月4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) | 01080 | 說明 | | | | | | | | | | 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 | | | | 3,874,365,600 | | 0 | | 3,874,365,600 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 3,874,365,600 | | 0 | | 3,874,365,600 | 第 2 頁 共 10 頁 v 1.1.1 III.已發行股份及/或 ...

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10月31日 狀態: 新提交 | 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) | 01080 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | 本月底法定/註冊股本總額： HKD 500,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行 ...

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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 FF301 第 1 頁 共 10 頁 v 1.1.1 公司名稱: 勝利油氣管道控股有限公司 呈交日期: 2025年10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) | 01080 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HK ...

Company Overview - The company primarily engages in the production of oil and gas pipelines through two business segments: the welded pipe business and the trading business [6] Revenue and Profit Growth - Historical revenue and net profit growth rates show fluctuations, with significant changes observed in recent years [8][9] - In the first half of 2025, the company reported a revenue of 5.594 billion yuan from the welded pipe business and 0.107 billion yuan from the trading business [14] Financial Performance Metrics - The average return on equity for the first half of 2025 was -6.1%, a decrease of 1.08 percentage points compared to the same period last year [16] - The company’s total asset turnover ratio has shown a downward trend, with a notable decline in recent years [18] Asset and Liability Changes - As of the first half of 2025, significant changes in assets include a 34.78% decrease in prepaid accounts and a 26.21% increase in inventory [22] - On the liability side, short-term borrowings increased by 66.19%, while long-term borrowings decreased by 100% [25] Liquidity Ratios - The company reported a current ratio of 0.77 and a quick ratio of 0.51 in the first half of 2025, indicating liquidity challenges [28]