Financial Performance - The Group reported a consolidated financial statement for the year ended June 30, 2025, with a focus on sustainable business development and exploring new opportunities[11]. - For the year ended June 30, 2025, the Group's revenue decreased by 26.6% to approximately HK$60,749,000 compared to HK$82,817,000 in 2024[149]. - Gross profit for the same period decreased by 25.2% to approximately HK$13,252,000 from HK$17,724,000 in 2024[149]. - The loss for the year narrowed to approximately HK$42,940,000, down from a loss of approximately HK$72,084,000 in the previous year[149]. - Basic and diluted loss per share was HK8 cents, compared to HK16 cents in 2024[150]. - Total assets as of June 30, 2025, were approximately HK$607,732,000, down from HK$661,398,000 in 2024[154]. - Total borrowings decreased to approximately HK$68,099,000 from HK$84,841,000 in 2024, resulting in a gearing ratio of approximately 17.9%[155]. - Net assets amounted to approximately HK$380,585,000, down from HK$419,022,000 in 2024[158]. - Administrative expenses decreased to approximately HK$35,725,000 from HK$40,907,000 in 2024[151]. - Fair value loss on investment properties was approximately HK$15,680,000, compared to HK$17,294,000 in 2024[150]. - The Group held investments at fair value through profit or loss of approximately HK$140,000 as of June 30, 2025[159]. - No dividend was recommended or declared for the year ended June 30, 2025, consistent with 2024[170]. Business Operations - The Group is engaged in multiple business sectors, including metal recycling, motor accessories, car parking rental, money lending, and securities trading[12]. - The Group's principal activities include metal recycling, motor and motor accessories, car parking space rental, money lending, and securities trading and investment[198]. - The Group also engages in green technology markets, focusing on research, development, and application of solutions for environmental, agricultural, and organic markets in the PRC and overseas[198]. - The Group has a hotel leasing business in Nepal, contributing to its diversified portfolio[12]. - The Group's operations are primarily focused on chemical and agricultural product trading, with two business segments[167]. Investment Properties - The Group holds an 80% interest in an investment property in PRC, with a total gross floor area of approximately 2,598.80 sq.m (or about 27,973.48 sq.ft.)[14]. - A resolution was passed for the disposal of the 80% interest in the PRC investment property, with a deposit of HK$11,800,000 received and a balance of HK$47,200,000 to be received upon completion[15]. - The Completion Date for the property transaction has been extended to on or before August 11, 2025[20]. - The investment properties include two locations, one in PRC and one in Hong Kong, enhancing the Group's asset base[18]. - The Group holds a 100% interest in a Hong Kong investment property comprising 95 car parking spaces, leased under a government lease for a term of 999 years[25]. Biological Assets - The total volume of standing timbers on the plantation land is estimated at 460,461 m³ based on a forestry survey conducted by CNBM[36]. - The Company has rights to control and potentially produce economic benefits from biological assets classified under Hong Kong Accounting Standard 41 Agriculture[34]. - The fair value of biological assets is determined using a market-based approach, factoring in total volume, recovery rate, market price, cutting costs, and scrap sale income[35]. - The plantation land acquired by the Group spans approximately 30,000 mu and is under a 30-year timber cutting right agreement[27]. - The Group's rights concerning the biological assets are maintained despite the absence of certain forestry operation permits[34]. - The Company engaged independent professionals for forestry surveying to ensure accurate valuation of biological assets[33]. - The fair value of the Group's biological assets as of June 30, 2025, is approximately RMB172,756,000, a decrease from RMB177,731,000 in 2024, representing a non-cash change[47]. - The total volume of standing timbers increased by 1,064 cubic meters from 459,397 cubic meters at the end of the last financial year to 460,461 cubic meters, reflecting a growth of 0.23% due to natural growth of polar trees[46]. - The market price of polar tree timber decreased from RMB496 per cubic meter at the end of the last financial year to RMB481 per cubic meter, a decline of 3.02%[46]. - The recovery rate applied in the valuation is 80%, with cutting costs accounting for 6% of revenue and scrap sale income contributing 3.5% of revenue[44]. - The Group recorded net losses from major non-current assets of approximately HK$25,592,000 for the year ended June 30, 2025, compared to HK$60,445,000 in 2024[48]. - The Group has not appointed a Plantation Land maintenance operator since July 2018, impacting the optimization of biological assets[46]. - The Group is exploring opportunities to participate in the carbon market using carbon credits produced at the Plantation Land[56]. - The Group will evaluate the economic return from biological assets after assessing the harvest quota and analyzing associated risks[57]. Loan Portfolio - The Group recorded loan interest income of approximately HK$368,000 for the year, an increase from approximately HK$307,000 in 2024, reflecting a growth of about 19.9%[73]. - As of June 30, 2025, the outstanding principal amount of loan receivables was approximately HK$5,315,000, a decrease from approximately HK$5,517,000 in 2024, representing a decline of about 3.7%[73]. - The Group's loan portfolio as of June 30, 2025, totaled approximately HK$15,810,000, with the largest borrower accounting for approximately HK$7,177,000, or 45.4% of the total[86]. - The Group's money lending services primarily target corporate or personal loans not exceeding HK$5 million, focusing on small to medium-sized corporations and professionals referred by senior management[74]. - No provision for impairment loss of loan receivables was deemed necessary during the year, consistent with the previous year[73]. - The internal control procedures for loan assessment include reviewing financial statements and conducting due diligence on potential borrowers[79]. - The finance department is responsible for ongoing monitoring of loan recoverability and debt collection, ensuring timely follow-up on any irregularities[80]. - The Group maintains a loan register to track repayment schedules and statuses, with follow-up actions for delinquent loans including demand letters and potential legal actions[81]. - The major terms of loans are determined based on factors such as borrower credibility, security value, and assessed risks, with listed corporate borrowers generally considered lower risk[82]. - The Group's funding for the money lending business is sourced from its internal resources, ensuring financial stability and control over lending operations[74]. - As of June 30, 2025, the total outstanding loans before expected credit loss allowance amounted to approximately HK$15,810,000[87]. - The largest borrower accounts for approximately HK$7,177,000, representing 45.4% of the total outstanding loans[88]. - The second and third largest borrowers account for approximately HK$4,091,000 (25.9%) and HK$4,033,000 (25.5%) respectively[88]. - The interest rate for the largest borrower is 6.5% per annum, with a bullet repayment due in December 2025[88]. - The second largest borrower has a guaranteed loan with an interest rate of 30% per annum, maturing in December 2023[88]. - The third borrower has an installment loan with a 12% interest rate, repayable in 36 payments over three years, due in November 2025[88]. - The fourth borrower has an outstanding loan of approximately HK$4,091,000 with no interest rate applicable, due in November 2023[88]. - The fifth borrower has an installment loan with a 20% interest rate, repayable in 24 payments over two years, due in September 2023[88]. - The loan portfolio is primarily secured by collateral, including luxury watches for one borrower[88]. - The company has a diversified borrower base, with loans granted to both listed and private entities[88]. - As of June 30, 2025, the outstanding loan receivables before loss allowance amounted to approximately HK$15.8 million, with net receivables after impairment loss provisions totaling approximately HK$7.5 million[90]. - Loan 1's interest rate was revised from 9% to 2% (December 2020 to December 2023), and further to 6.5% (December 2023 to December 2025) after extending the repayment date to December 10, 2025[90]. - Loan 2's interest rate increased from 20% to 30% for the period from September 2020 to December 2023, with the repayment date extended to December 31, 2023[90]. - Loan 3's maturity date was extended to November 25, 2025, with repayment terms changed to instalment repayments from November 2022 to November 2025[90]. - Loan 4's repayment date was extended to November 3, 2023, with the interest rate revised from 12% to 2% and then to nil for the period from November 2022 to November 2023[90]. - Loan 5's maturity date was extended to September 13, 2023, with repayment terms changed from bullet repayment to instalment repayment from October 2021 to September 2023[91]. - The Group conducted due diligence and credit risk assessments for each loan at the time of initial grant and subsequent extensions, considering the financial strength and repayment ability of borrowers[93]. - The adverse market sentiment in 2020 due to the COVID-19 pandemic impacted the financial performance and repayment ability of Borrower 1[94]. - The Group agreed to extend Loan 1 from December 2023 to December 2025, increasing the interest rate to 6.5% due to improved financial positions of Borrower 1 since 2019 and its turnaround performance since 2023[97]. - Borrower 1 had a market capitalization of up to HK$13 billion in 2018, providing potential business opportunities for the Group, including strategic collaborations and investment prospects[97]. - The Group revised the interest rate for Loan 2 from 20% to 30% per annum starting from September 1, 2020, in response to Borrower 2's request for an extension of the repayment date[101]. - Following Borrower 2's default in 2019, the Group engaged an external legal adviser to initiate legal actions, including serving a statutory demand, and reached a settlement arrangement to recover part of the loan receivables[102]. - As of the date of the annual report, the recovery process for outstanding loan receivables from Borrower 2 is ongoing, with legal actions initiated in 2024[103]. - The Group conducted due diligence for Loan 3, assessing credit risk through various documents and determined that the likelihood of recoverability is high due to satisfactory loan-to-security ratios[106]. - The Group agreed to revise repayment terms for certain loans from monthly interest payments to instalment payments, further reducing credit risk[108]. - The Group provided a lower interest rate for Loan 4 starting November 2020, considering the adverse market sentiment and financial difficulties faced by Borrower 4 due to the COVID-19 pandemic[110]. - Borrower 4 committed to repaying approximately HK$4.7 million in outstanding principal and interest through post-dated cheques after a demand letter was issued in 2019[111]. - The Group conducted due diligence for Loan 4, finding Borrower 4 to be creditworthy based on public searches and his reputable background[113]. - The Group has benefited from a long-term relationship with Borrower 4, gaining access to various business and investment opportunities since 2016, particularly in the metal recycling sector[115]. - Following Borrower 4's default in late 2019, the Group issued a demand letter in March 2020, but repayment attempts were hindered by the COVID-19 pandemic[116]. - The Group engaged an external legal adviser to recover outstanding loan receivables from Borrower 4, with ongoing legal proceedings initiated in 2024[118]. - The Group revised the repayment terms for Loan 5 in September 2021 from bullet repayment to instalment repayment, extending the repayment date to September 13, 2023[123]. - The Group issued demand letters for immediate repayment following Borrower 5's default on a loan since July 2022, and collected part of the loan receivables in May 2023[124]. - The outstanding loan receivables associated with five loans represented approximately 2.6% of the total assets of the Group as of June 30, 2025[129]. - The Group's internal control policies for monitoring loan recoverability are deemed effective, despite defaults primarily attributed to global economic downturns and poor investment market sentiments[125]. - Loan 5 was granted for an amount of HK$200,000 after conducting due diligence, which found no negative factors affecting Borrower 5's repayment ability[127]. - The Group performed impairment assessments on loan receivables under the expected credit loss (ECL) model, indicating the money lending business is relatively inactive compared to other principal businesses[129]. - The Group will continue to evaluate the likelihood of recovering outstanding loan receivables and the costs of potential legal actions against defaulting borrowers[125]. - The identification of bad debts involves assessing various factors, including significant changes in borrowers' creditworthiness and financial conditions[130]. - The Group has maintained ongoing communication with Borrower 5 to pursue recovery of outstanding loan receivables, with the recovery process still ongoing as of the report date[124]. - No loan transactions during the year ended June 30, 2025, constituted a notifiable transaction under the Listing Rules[128]. - The Group's internal control procedures are effective in identifying significant changes in borrowers' creditworthiness, ensuring a robust impairment assessment process[130]. Market Conditions - The decline in sales is attributed to weakened consumer purchasing power and sentiment across Greater China, particularly in the PRC, where consumer confidence remains at historical lows[67]. - The PRC's economy is expected to see moderate growth of around 4.8% in 2025, despite challenges such as the property sector downturn and high public debt[144]. - The USA's real GDP growth is projected to decelerate further in 2025 and 2026, with forecasts suggesting growth could be as low as 1.1% to 1.4% for 2026[139]. - The outlook for Hong Kong's economy is projected to maintain solid growth for the rest of 2025, with government forecasting 2-3% GDP growth for the full year[146]. Management and Governance - Mr. Chung Siu Wah has over 8 years of experience in the hotel, gaming, and entertainment industry, contributing to the company's strategic direction[185]. - Mr. Chik To Pan has extensive experience in licensing karaoke music products and operating entertainment businesses, enhancing the company's market presence[186]. - Mr. Liu Yafei brings over 15 years of experience in international trading and mining, which may support future expansion strategies[187]. - Mr. Heung Chee Hang has over 23 years of legal experience, providing governance and compliance oversight as a member of various committees[190]. - Mr. Lee Chi Ho has over 20 years of experience in finance and auditing, currently serving as the chief financial officer for two listed companies, which strengthens financial management[191]. - Ms. Lai Pik Chi has over 30 years of experience in auditing and financial management, contributing to the company's financial oversight[194]. Legal and Compliance - The Group is pursuing legal proceedings to recover a refundable secured deposit of HK$11,000,000 from two independent third parties[173]. - The Group has not identified any material contingent liabilities as of June 30, 2025[172].

CHINA ENVIRONMENTAL RESOURCES GROUP LIMITED 中國環境資源集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1130） 建議修訂現行大綱及細則 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佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 主席兼行政總裁 楊智恒 及 建議採納經修訂及重述大綱及細則 本公佈由中國環境資源集團有限公司（「本公司」）根據香港聯合交易所有限公司證券 上市規則（「上市規則」）第13.51(1)條作出。本公司董事會（「董事會」）建議(a)修訂本 公司現行組織章程大綱及組織章程細則（「現行大綱及細則」），藉以（其中包括）(i)使 本公司允許其股東（「股東」）選擇透過使用虛擬會議技術出席及參與本公司股東大會 並以電子方式投票及向本公司傳達受委代表相關指示，以及就本公司虛擬股東大會 相關的議事程序作出相應修訂；(ii)使現行細則符合上市規則項下有關進一步擴大 無紙化上市機制之最新監管規定；以及(iii)加入若干輕微的後續及內務修訂 ...

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: 2025年9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: 中國環境資源集團有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 01130 | 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 | | | | 488,769,147 | | 0 | | 488,769,147 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 488,769,147 | | 0 | | 488,769, ...

Core Viewpoint - China Environmental Resources (01130) reported a significant decline in revenue and an increase in shareholder losses for the fiscal year ending June 30, 2025, primarily due to reduced performance in its automotive and material recycling businesses [1] Financial Performance - The company achieved revenue of HKD 60.749 million, representing a year-on-year decrease of 26.65% [1] - Shareholder losses amounted to HKD 40.305 million, a year-on-year reduction of 40.43% [1] - Basic loss per share was HKD 0.08 [1] Business Segments - The decline in revenue was mainly attributed to decreased performance in the automotive and material recycling sectors [1] - Gross profit reduction was primarily due to the downturn in the automotive business [1] Cost Factors - The annual loss was driven by several factors, including administrative and operational expenses, fair value losses on investment properties, changes in the fair value of biological assets leading to losses upon disposal, provisions for impairment of receivables, and financing costs [1]

Financial Performance - The total revenue for the year ended June 30, 2025, was HKD 60,749,000, a decrease of 26.7% compared to HKD 82,817,000 for the year ended June 30, 2024[4]. - The gross profit for the year was HKD 13,252,000, down 25.1% from HKD 17,724,000 in the previous year[4]. - The operating loss for the year was HKD 39,292,000, significantly improved from a loss of HKD 75,877,000 in the prior year, indicating a reduction of 48.2%[4]. - The net loss attributable to the owners of the company was HKD 40,305,000, compared to HKD 67,660,000 in the previous year, reflecting a decrease of 40.5%[5]. - The total comprehensive loss for the year was HKD 38,437,000, down from HKD 73,264,000, marking a reduction of 47.5%[4]. - The company reported a comprehensive loss of HKD (42,940,000) in 2025, an improvement from HKD (72,084,000) in 2024, indicating a reduction in overall losses by about 40.5%[24]. - The company reported a pre-tax loss of HKD 45,281,000 for 2025, compared to a loss of HKD 82,678,000 in 2024, reflecting a 45% improvement year-over-year[31]. - Basic loss per share for the year was approximately HKD 40,305,000, down from HKD 67,660,000 in the previous year, indicating a reduction of 40%[33]. - The loss for the year reduced to approximately HKD 42,940,000, down from a loss of HKD 72,084,000 in the previous year[81]. - Basic and diluted loss per share was HKD 0.08, compared to HKD 0.16 in 2024[81]. Assets and Liabilities - The company's cash and cash equivalents as of June 30, 2025, were HKD 1,920,000, a significant decrease from HKD 22,857,000 in the previous year[6]. - The total assets less current liabilities amounted to HKD 489,742,000, down from HKD 530,631,000 in the previous year[7]. - The company's non-current assets decreased to HKD 518,481,000 from HKD 541,554,000, indicating a decline of 4.3%[6]. - The total assets decreased to HKD 607,732,000 in 2025 from HKD 661,398,000 in 2024, reflecting a decline of approximately 8.1%[24]. - Total liabilities increased slightly to HKD 227,147,000 in 2025 from HKD 242,376,000 in 2024, showing a decrease of about 6.3%[24]. - The total equity attributable to the owners of the company was HKD 374,043,000, down from HKD 409,944,000, reflecting a decrease of 8.8%[7]. - The group’s net asset value was approximately HKD 380,585,000, down from HKD 419,022,000 in 2024[84]. - Total borrowings amounted to approximately HKD 68,099,000, a decrease from HKD 84,841,000 in 2024[83]. Revenue Sources - The group reported customer contract revenue of HKD 51,868,000 for the year ending June 30, 2025, down from HKD 73,794,000 in the previous year[16]. - Revenue from Hong Kong decreased to HKD 48,485,000 in 2025 from HKD 68,093,000 in 2024, a decline of approximately 28.9%[25]. - Revenue from major customer B was HKD 34,512,000 in 2025, slightly increasing from HKD 34,019,000 in 2024, maintaining a significant contribution to total revenue[26]. - The metal recycling business recorded a significant revenue decline to approximately HKD 2,831,000 for the year ending June 30, 2025, down from HKD 9,822,000 in 2024, indicating a decrease of about 71.2%[67]. - The automotive and automotive parts business saw revenues drop to approximately HKD 48,769,000 for the year ending June 30, 2025, compared to HKD 63,726,000 in 2024, reflecting a decline of about 23.5%[69]. - Sales of automotive tires in Hong Kong and Taiwan decreased from approximately HKD 53,057,000 to HKD 38,143,000, a reduction of 28.1%[69]. - The hotel leasing business generated revenue of approximately HKD 4,924,000 for the year ending June 30, 2025, compared to HKD 4,784,000 in 2024, showing an increase of about 2.9%[77]. - The lending business generated interest income of approximately HKD 368,000 for the year, up from HKD 307,000 in 2024, representing an increase of about 19.9%[72]. Operational Changes and Strategies - The group has committed to measures aimed at improving operational cash flow, including cost-saving initiatives[10]. - The group anticipates sufficient cash resources to meet future operational funding and financing needs for at least the next 12 months from June 30, 2025[10]. - The company is engaged in various businesses, including metal recycling, automotive parts, and green market solutions, indicating a diversified operational strategy[50]. - The group continues to explore new business opportunities and is committed to developing sustainable existing operations[50]. - The company is considering the feasibility, costs, and returns of installing electric vehicle charging facilities in parking spaces to enhance competitiveness and increase usage rates[56]. - The company has not appointed a maintenance operator for the planting land since July 2018, which has affected the optimization of biological asset usage[62]. - The company is actively seeking lower-risk countries for metal recycling operations due to the challenging conditions in the Chinese market[68]. - The automotive sector is facing challenges due to weakened consumer purchasing power in Greater China, impacting sales and market dynamics[70]. - The company aims to maintain market share in the premium tire segment while exploring potential markets with demand for quality automotive tires[71]. Impairment and Valuation - The company reported a significant impairment loss on biological assets of HKD 5,373,000, compared to HKD 38,595,000 in the previous year, showing a substantial improvement[4]. - The impairment loss provision for accounts receivable decreased significantly from HKD 8,884,000 in 2024 to HKD 1,188,000 in 2025, a reduction of 86%[43]. - The fair value loss on investment properties was HKD (15,680,000) in 2025, compared to HKD (17,294,000) in 2024, showing a slight improvement in property valuations[24]. - The fair value of biological assets as of June 30, 2025, is approximately RMB 172,756,000, down from RMB 177,731,000 in 2024[62]. - The fair value of unharvested timber as of June 30, 2025, was HKD 189,080,000, down from HKD 190,958,000 in 2024, reflecting a decrease of 1%[36]. - The discount rate used for the valuation of operational rights is 15.6%, up from 14.3% in the previous year[65]. - The company’s management has assessed valuation techniques and discussed valuation processes with independent valuers to ensure accurate reporting of biological assets[39]. Governance and Compliance - The company has complied with the corporate governance code, except for the separation of roles between the chairman and CEO, which is currently held by the same individual[93]. - The audit committee consists of three independent non-executive directors, ensuring appropriate financial management expertise[96]. - The group's financial statements for the year ending June 30, 2025, have been reviewed by the external auditor, confirming consistency with the preliminary announcement[97]. - The board comprises six executive directors and three independent non-executive directors as of the announcement date[100]. - There are no significant contingent liabilities known to the board as of June 30, 2025[91]. - As of June 30, 2025, the group has minimal foreign currency risk, primarily conducting transactions in functional currencies of respective entities[90]. Shareholder Information - The company did not declare any dividends for the years ended June 30, 2025, and June 30, 2024[35]. - No dividends were recommended or declared for the year ended June 30, 2025[88]. - The company will hold its annual general meeting on December 4, 2025, with a record date of December 1, 2025, during which share transfer registration will be suspended[89].

（股份代號：1130） 進一步延長有關可能收購事項之諒解備忘錄之最後截止日期 茲提述中國環境資源集團有限公司（「本公司」）日期為二零一六年八月十五日、二零一 七年二月十六日、二零一七年八月十六日、二零一八年二月十四日、二零一八年四月十七 日、二零一八年六月十九日、二零一八年九月十九日、二零一八年十二月十九日、二零一 九年三月十九日、二零一九年六月十九日，二零一九年九月十九日，二零一九年十二月十 九日、二零二零年三月十九日、二零二零年六月十九日、二零二零年九月十八日、二零二 零年十二月十八日、二零二一年三月十八日、二零二一年九月二十九日、二零二二年三月 二十九日、二零二二年九月二十九日、二零二三年三月二十九日、二零二三年九月二十九 日、二零二四年三月二十八日、二零二四年九月二十七日及二零二五年三月二十七日之公 佈（「該等公佈」）。除文義另有所指外，本公佈所用詞彙與該等公佈所界定者具有相同 涵義。 誠如該等公佈所披露，於二零一六年八月十五日，買方（本公司之全資附屬公司）與準賣 方就可能收購事項訂立諒解備忘錄，據此，買方同意收購目標公司51%已發行股本。 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佈之內 ...

Core Viewpoint - China Environment Resources (01130) expects a significant reduction in consolidated losses for the fiscal year ending June 30, 2025, by at least 35% compared to the loss of approximately HKD 72.1 million in 2024 [1] Financial Performance - The anticipated loss reduction is attributed to several factors, including a decrease in revenue from recycled metal due to lower demand, resulting in estimated revenue of approximately HKD 60.7 million and a gross profit of about HKD 13.3 million [1] - Other income, revenue, and losses are expected to decrease to around HKD 1.6 million [1] - Administrative and operational expenses are projected to decline to approximately HKD 35.7 million [1] Asset Valuation - Fair value losses on investment properties are expected to decrease to about HKD 15.7 million [1] - Losses from changes in the fair value of biological assets are anticipated to reduce to approximately HKD 5.4 million [1] - Net gains from fair value changes of investments measured at fair value through profit or loss are expected to increase to around HKD 5.7 million [1] Provisions and Costs - Provisions for receivables impairment losses are projected to increase to about HKD 3 million [1] - Financing costs are expected to decrease to approximately HKD 6 million [1] - Tax credits are anticipated to decrease to around HKD 2.3 million [1]

Core Viewpoint - China Environment Resources (01130.HK) expects a significant reduction in consolidated losses for the year ending June 30, 2025, by at least 35% compared to a loss of approximately HKD 72.1 million for the same period in 2024 [1] Financial Performance Summary - The anticipated loss reduction is attributed to several factors, including: - Revenue decline to approximately HKD 60.7 million due to decreased demand for recycled metals and reduced sales of automobiles and auto parts, leading to a gross profit decrease to about HKD 13.3 million [1] - Other income, revenue, and losses reduced to around HKD 1.6 million [1] - Administrative and operational expenses decreased to approximately HKD 35.7 million [1] - Fair value losses on investment properties reduced to about HKD 15.7 million [1] - Losses from biological asset fair value changes decreased to around HKD 5.4 million [1] - Net gains from fair value changes on investments accounted for at fair value increased to approximately HKD 5.7 million [1] - Provision for impairment losses on receivables increased to about HKD 3 million [1] - Financing costs decreased to approximately HKD 6 million [1] - Tax credits reduced to about HKD 2.3 million [1]

Core Viewpoint - China Environment Resources (01130) expects a significant reduction in consolidated losses for the fiscal year ending June 30, 2025, with a decrease of no less than 35% compared to the loss of approximately HKD 72.1 million in the same period of 2024 [1] Summary by Relevant Categories Financial Performance - The anticipated consolidated loss for the fiscal year ending June 30, 2025, is projected to be less than HKD 46.8 million, reflecting a substantial improvement [1] - Revenue is expected to decline to approximately HKD 60.7 million due to decreased demand for recycled metals and reduced sales of automobiles and auto parts [1] - Gross profit is projected to decrease to around HKD 13.3 million [1] Income and Expenses - Other income, revenue, and losses are expected to decrease to approximately HKD 1.6 million [1] - Administrative and operating expenses are anticipated to reduce to about HKD 35.7 million [1] - Financing costs are expected to decrease to approximately HKD 6 million [1] Asset Valuation - Fair value losses on investment properties are projected to decrease to around HKD 15.7 million [1] - Losses from changes in the fair value of biological assets are expected to reduce to about HKD 5.4 million [1] - Net gains from fair value changes of investments measured at fair value through profit or loss are expected to increase to approximately HKD 5.7 million [1] Provisions and Taxation - Provisions for impairment losses on receivables are expected to increase to about HKD 3 million [1] - Tax credits are anticipated to decrease to approximately HKD 2.3 million [1]

本公司董事會（「董事會」）謹此向本公司股東（「股東」）及有意投資者作出更新，根據 董事會目前可得最新資料及本集團最新綜合管理賬目，預期本集團截至二零二五年 六月三十日止年度之綜合虧損與二零二四年同期虧損約72,100,000港元相比將減少 不少於35%。 董事會認為有關虧損減少乃由於截至二零二五年六月三十日止年度之下列事項之綜 合影響所致：(i)由於回收廢金屬需求下降，加上汽車及汽車配件的銷售減少，導致 收益減少至約60,700,000港元，並導致毛利減少至約13,300,000港元；(ii)其他收 入、收益及虧損減少至約1,600,000港元；(iii)行政及營運開支減少至約35,700,000 港元；(iv)投資物業之公允值虧損減少至約15,700,000港元；(v)生物資產公允值變 動減出售成本產生之虧損減少至約5,400,000港元；(vi)按公允值計入損益之投資之 公允值變動之收益淨額增加至約5,700,000港元；(vii)應收款項減值虧損撥備增加至 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佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何 ...