FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 第 2 頁 共 6 頁 v 1.3.0 FF305 表格類別： 股票 狀態： 新提交 公司名稱： 永利澳門有限公司 (於開曼群島註冊成立的有限公司) 呈交日期： 2026年3月26日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 01128 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | ...

Group 1 - Western Cement (02233) reported a revenue of RMB 9.621 billion for the fiscal year 2025, a year-on-year increase of 15.3%, with a net profit attributable to shareholders of RMB 880 million, up 40.5% [1] - Jin Xun Resources (03636) saw its stock rise over 14% after announcing an expected comprehensive profit of approximately RMB 300 million to RMB 330 million for the fiscal year ending December 31, 2025, significantly up from RMB 202 million for the previous year [1] - LeShuShi (02698) reported a revenue of approximately USD 567 million for 2025, a 24.9% increase year-on-year, with a net profit of about USD 121 million, up 27.4% [1] Group 2 - Optical communication stocks surged, with Changfei Fiber Optic (06869) rising 7.27% and other related companies also seeing gains, as the optical communication sector's performance exceeded expectations for 2025 [2] - China Resources Beer (00291) rebounded over 4% after reporting a revenue of RMB 37.985 billion for 2025, a decrease of 1.68%, and a net profit of RMB 3.371 billion, down 28.87% [2] - Zhongguang Nuclear Mining (01164) experienced a decline of over 2% after announcing an expected decrease in pre-tax profit by approximately HKD 200 million for 2025 [2] Group 3 - Wynn Macau (01128) reported a total revenue of HKD 24.418 billion for the fiscal year ending December 31, 2025, a year-on-year increase of 3.39%, but a net profit attributable to shareholders of HKD 1.63 billion, down 49.05% [2] - Li Fu China (02136) saw its stock drop nearly 9% after reporting a revenue of RMB 1.211 billion for 2025, a decrease of 3.35%, and a net loss of RMB 31.131 million, widening by 54.84% [3] - Maidi Weikang (02159) reported a revenue of RMB 468 million for the fiscal year ending December 31, 2025, a year-on-year increase of 45.55%, with a net profit of RMB 9.988 million, recovering from a loss of RMB 45.245 million in the previous year [4] Group 4 - Estée Lauder (EL.US) is in talks with Spanish beauty group Puig regarding a potential merger, which led to a nearly 8% drop in its stock price [5] - Energy storage stocks collectively rose, with CleanSpark (CLSK.US) up 6.17%, as the ongoing geopolitical tensions are expected to accelerate global energy transition [5] - Gold stocks rebounded, with AngloGold (AU.US) rising 7.01%, as spot gold prices recovered after a significant drop [6]

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。 茲提述永利澳門有限公司（「本公司」，連同其附屬公司統稱「本集團」）於2023年5月25日 採納並經不時修訂的僱員股份擁有計劃（「僱員股份擁有計劃」）。 （於開曼群島註冊成立之有限公司） （股份代號：1128及債務股份代號：5280、40102、40357、5754、5877） 授出獎勵 於授出日期每股股份 ： 5.37港元 的收市價 * 僅供識別 本公司董事（「董事」）會（「董事會」）謹此宣佈，於2026年3月23日，本公司根據其僱員股 份擁有計劃向本集團的若干名僱員（包括一名執行董事）（「選定參與者」）授出獎勵（「獎 勵」），以認購本公司股本中合共5,587,190股每股面值0.001港元的普通股（「股份」），佔於 本公告日期本公司已發行股本約0.11%，惟須待選定參與者接納後，方可作實。 有關所授出獎勵的詳情如下： 授出獎勵的購買價 ： 無 1 授出日期 ： 2026年3月23日（「授出日期」） 選定 ...

Investment Rating - The investment rating for the company is maintained at "Buy" [1] Core Views - The expansion of the Wynn Palace is expected to enhance its appeal to high-end clientele, with a projected investment of USD 400-450 million for expansion and renovation projects [8][10] - The company reported a revenue of HKD 28.99 billion for 2025, reflecting a year-on-year increase of 0.9%, while the net profit attributable to the parent company was HKD 1.63 billion, down 49.0% year-on-year [6][10] - The adjusted EBITDA for Q4 2025 was USD 271 million, a decrease of 7.5% year-on-year, primarily due to low VIP win rates and increased operational costs [7][10] Financial Projections and Valuation - Revenue projections for 2026 and 2027 have been adjusted upwards by 3.9% and 3.5% to HKD 31.31 billion and HKD 32.97 billion, respectively [10] - The estimated EBITDA for 2026 and 2027 has been revised downwards by 3.6% and 4.1% to HKD 9.30 billion and HKD 9.82 billion, respectively [10] - The target price for the company is set at HKD 5.90, down from a previous estimate of HKD 7.20, based on a valuation of 6.8x 2026E EV/EBITDA [10]

| 代扣所得稅信息 | | | --- | --- | | 股息所涉及的代扣所得稅 | 不適用 | | 發行人所發行上市權證/可轉換債券的相關信息 | | | 上市權證/可轉換證券名稱及代號 | WYNN MAC B2903 (Stock code 05754) | | 為享有股息權利而行使轉換權之最後 | 2026年6月2日 16:30 | | 時限 | | | 其他信息 | | | 其他信息 | 不適用 | | 發行人董事 | | | 於本公告日期，董事會成員包括執行董事潘國宏及羅偉信；執行董事兼副主席陳志玲；非執行董事Jacqui Krum及Julie M. | | | Cameron-Doe；獨立非執行董事兼主席盛智文；及獨立非執行董事林健鋒、Bruce Rockowitz、蘇兆明及葉小偉。 | | 第 2 頁 共 2 頁 v 1.1.1 EF001 免責聲明 | 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 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。 | | | --- | --- | ...

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。 （於開曼群島註冊成立之有限公司） （股份代號：1128及債務股份代號：5280、40102、40357、5754、5877） 截 至 2025 年 1 2 月 3 1 日止年度 全年業績公告 董事會建議派付末期股息及暫停辦理股份登記手續 永利澳門有限公司（「本公司」）董事會欣然宣佈本公司及其附屬公司（統稱「本集團」）截 至2025年12月31日止年度的經審核綜合業績如下。 財務摘要 截至12月31日止年度 | | | | 2025年 | 2024年 | | --- | --- | --- | --- | --- | | | | | 港元 | 港元 | | | | | （以千計，每股金額或 | | | | | | 另有列明者除外） | | | 娛樂場收益 | | | 24,417,897 | 23,617,908 | | 其他收益 | | | 4,570,638 | 5,122,513 | | 經調整EBI ...

Group 1 - Hong Kong gaming stocks collectively declined on March 19, with Galaxy Entertainment (00027.HK) falling by 3.3% to HKD 35.8 [1] - Wynn Macau (01128.HK) decreased by 2.88% to HKD 5.39 [1] - MGM China (02282.HK) dropped by 2.48% to HKD 12.18 [1] - Melco International Development (00200.HK) saw a decline of 1.31% to HKD 3.76 [1]

Industry Outlook - Morgan Stanley expects Macau gaming stocks to underperform the market in the short term, forecasting a 6% growth in Macau gaming revenue for the year, while EBITDA is projected to grow only 2%, which is below market expectations and shows a year-on-year decline [1][2] - The growth in gaming revenue is anticipated to slow down in the second half of the year due to base effect impacts, with the mass market remaining weak [1] Cost and Promotional Pressures - The industry is experiencing increased promotional incentives and ongoing non-gaming expenditures, contributing to structural cost pressures, particularly in reinvestment focused on high-end mass market [1] Earnings Forecast Revisions - Market earnings estimates are being revised downward, which will exert pressure on EBITDA forecasts for the year [1] Investment Preferences - Morgan Stanley has downgraded its industry view from "attractive" to "in line with expectations," predicting a slowdown in year-on-year gaming revenue growth starting in May, with negative EBITDA growth expected in the second and third quarters [2] - The firm prefers Sands China (01928) and Melco Resorts & Entertainment (MLCO.US) among gaming stocks, while downgrading Galaxy Entertainment (00027) and Wynn Macau (01128) to "in line with the market" [2]

Group 1 - Morgan Stanley expects Macau gaming stocks to underperform the market in the short term, forecasting a 6% growth in Macau gaming revenue for this year, with EBITDA growth only at 2%, which is below market expectations and shows a year-on-year decline [1] - The slowdown in gaming revenue growth in the second half of the year is attributed to base effect impacts, along with continued weakness in the mass market segment [1] - Increased promotional incentives in the industry and ongoing non-gaming expenditures are contributing to the cost pressures, particularly in reinvestment, which are structural in nature [1] Group 2 - The firm's outlook on the industry has been downgraded from "attractive" to "in line with expectations," anticipating a slowdown in year-on-year gaming revenue growth starting in May, with negative EBITDA growth expected in the second and third quarters [1] - Morgan Stanley prefers Sands China (01928) and Melco Resorts & Entertainment (MLCO.US) among the stocks, while downgrading Galaxy Entertainment (00027) and Wynn Macau (01128) to "in line with the market" [1]

（於開曼群島註冊成立之有限公司） （股份代號：1128及債務股份代號：5280、40102、40357、5754、5877） 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。 承董事會命 永利澳門有限公司 主席 盛智文博士 香港，2026年3月10日 於本公告日期，董事會成員包括執行董事潘國宏及羅偉信；執行董事兼副主席陳志玲；非執行董事Jacqui Krum 及Julie M. Cameron-Doe；獨立非執行董事兼主席盛智文；及獨立非執行董事林健鋒、Bruce Rockowitz、蘇兆明及 葉小偉。 * 僅供識別 董事會召開日期 永利澳門有限公司（「本公司」）董事會（「董事會」）兹通告謹定於2026年3月20日（星期五） 舉行本公司董事會會議，以考慮及通過本公司及其附屬公司截至2025年12月31日止的全 年業績，考慮宣派、建議或支付股息（如有）以及處理其他事項。 ...