格隆汇8月5日丨中国绿地博大绿泽(01253.HK)公告，裴刚为投放更多时间处理个人事务而辞任(i)执行董 事、(ii)董事会主席及(iii)香港联合交易所有限公司证券上市规则第3.05条所界定的公司授权代表，自 2025年8月5日起生效。自2025年8月5日起，公司现任执行董事兼行政总裁林光青将获委任为董事会主 席。 ...

继裴先生辞任执行董事、董事会主席及授权代表后，自2025年8月5日起，裴先生亦将不再为公司提名委 员会(提名委员会)及公司薪酬委员会(薪酬委员会)成员。董事会进一步宣布，自2025年8月5日起，林先 生将获委任为提名委员会及薪酬委员会成员。 自2025年8月5日起，公司执行董事兼行政总裁林先生已根据上市规则第3.05条获委任为授权代表，以填 补裴先生的空缺。经过上述变动后，公司继续遵照上市规则第3.05条的规定设有两名授权代表，分别为 林光青先生及李美仪女士。 自2025年8月5日起，公司现任执行董事兼行政总裁(行政总裁)林光青先生(林先生)将获委任为董事会主 席。 智通财经APP讯，中国绿地博大绿泽(01253)发布公告，裴刚先生(裴先生)为投放更多时间处理个人事务 而辞任执行董事、董事会主席及香港联合交易所有限公司证券上市规则(上市规则)第3.05条所界定的公 司授权代表(授权代表)，自2025年8月5日起生效。 ...

China Greenland Broad Greenstate Group Company Limited 中 國 綠 地 博 大 綠 澤 集 團 有 限 公 司 林光青 戴國強 金荷仙 楊元廣 本公司設有三個董事委員會。下表提供各董事會成員在各委員會中所擔任的職位資料： | | 審核委員會 | 提名委員會 | 薪酬委員會 | | --- | --- | --- | --- | | 林光青 | — | 成員 | 成員 | | 戴國強 | 成員 | 主席 | 成員 | | 金荷仙 | 成員 | 成員 | 主席 | | 楊元廣 | 主席 | — | — | 中華人民共和國，上海 2025年8月5日 （ 於開曼群島註冊成立的有限公司） （股份代號：1253） 董事名單與其角色和職能 中國綠地博大綠澤集團有限公司之董事會（「董事會」）成員載列如下： 執行董事 獨立非執行董事 ...

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。 China Greenland Broad Greenstate Group Company Limited 中 國 綠 地 博 大 綠 澤 集 團 有 限 公 司 及 (4)更換授權代表 主席兼執行董事辭任 中 國 綠 地 博 大 綠 澤 集 團 有 限 公 司（「 本 公 司」）董 事（「 董 事」）會（「 董 事 會」）宣 佈 ， 裴 剛 先 生 （「裴先生」）為投放更多時間處理個人事務而辭任(i)執行董事、(ii)董事會主席及(iii)香港聯 合交易所有限公司證券上市規則（「上市規則」）第3.05條所界定的本公司授權代表（「授權代 表」），自2025年8月5日起生效。 裴先生已確認，彼與董事會之間並無意見分歧，亦無其他有關彼辭任的事宜須敦請本公司 股東（「股東」）或聯交所垂注。 董事會衷心感謝裴先生於在任期間為本公司作出寶貴貢獻。 委任主席 （ 於開曼群島註冊成立的有限公司） （股份代號：125 ...

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 FF301 截至月份: 2025年7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: 中國綠地博大綠澤集團有限公司 (於開曼群島註冊成立的有限公司） 呈交日期: 2025年8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) | 01253 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 8,000,000,000 | HKD | | 0.025 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | | | 本月底結存 | | | 8,000,000,000 | HKD | | 0.025 HKD | | 200,000,0 ...

Group 1 - The stock of China Greenland Bo Da Green Ze (01253.HK) closed at HKD 0.013 on June 20, 2023, marking an increase of 8.33% from the previous trading day, although it hit a one-year low of HKD 0.011 during the day [1] - The net capital flow for the day showed an inflow of HKD 0.303 million and an outflow of HKD 0.590 million, resulting in a net outflow of HKD 0.29 million [1] Group 2 - China Greenland Bo Da Green Ze Group Co., Ltd. (600606.SH) is a diversified global enterprise group ranked in the Fortune Global 500, controlling multiple listed companies [2] - The company has established a multi-faceted operational structure focusing on real estate development, large-scale infrastructure, finance, and emerging industries, implementing strategies for capitalization, public listing, and internationalization [2] - Greenland Bo Da Green Ze is recognized as a competitive investor and operator in the ecological construction sector, having been listed in Hong Kong since 2014 and included in the MSCI and HSCI indices [2] - The company has developed a mature model of "capital + technology + full industry chain" in various professional fields, including theme park construction, scenic area enhancement, and environmental protection [2] - The strategic layout of the company emphasizes ecological construction, environmental restoration, and cultural tourism, aiming to enhance regional core value through superior ecological environments [2]

Group 1 - The stock price of China Greenland Broad Greenfield (01253.HK) closed at 0.013 HKD on June 12, down 7.14% from the previous trading day, with an intraday low of 0.012 HKD, marking a new low in nearly a year [1] - On the same day, the net capital flow showed an inflow of 32,190 HKD and an outflow of 120,620 HKD, resulting in a net outflow of 88,430 HKD [1] Group 2 - China Greenland Broad Greenfield Group Co., Ltd. (600606.SH) is a diversified global enterprise group ranked in the Fortune Global 500, controlling multiple listed companies [2] - The company has established a diversified operational structure focusing on real estate development, large-scale infrastructure, finance, and emerging industries, implementing strategies of capitalization, public offering, and internationalization [2] - Greenland Broad Greenfield is an investment holding group focused on ecological construction, listed in Hong Kong since 2014, and included in the MSCI and HSCI indices, making it a competitive player in the ecological construction sector [2] - The company possesses integrated capabilities in investment and financing, planning and design, project construction, and commercial operation, leveraging opportunities in national ecological construction and cultural tourism [2] - It has established multiple academic workstations and long-term collaborations with national research institutions, demonstrating strong technical reserves in various specialized fields [2] - The strategic layout emphasizes ecological construction, environmental restoration, and cultural tourism, with a mission to lead sustainable development and enhance regional core value through superior ecological environments [2]

Financial Performance - For the year ended December 31, 2024, the company reported revenue of RMB 18,396 million, a decrease of 31.6% compared to RMB 26,908 million in 2023[13]. - Gross profit for 2024 was RMB 10,885 million, down 12.1% from RMB 12,387 million in the previous year, resulting in a gross margin of 59.2%[13][15]. - The company recorded a pre-tax loss of RMB 177,301 million, an improvement of 65.7% from a loss of RMB 516,700 million in 2023[13]. - The net loss attributable to equity holders of the parent was RMB 145,755 million, a significant reduction of 72.8% compared to RMB 535,918 million in the prior year[13]. - Total assets as of December 31, 2024, were RMB 2,051,581 million, a decrease of 3.5% from RMB 2,126,038 million in 2023[13]. - The total equity attributable to equity holders of the parent increased by 103.6% to RMB 116,640 million from RMB 57,293 million in 2023[13]. Industry Trends and Opportunities - The Chinese economy grew by 5% in 2024, providing a stable backdrop for the landscaping industry, which continued to expand due to urbanization and ecological demands[21]. - The landscaping industry is experiencing new development opportunities driven by national strategies such as urban renewal and ecological protection[21]. - The adoption of smart landscaping and technological innovations, including IoT and AI, is enhancing operational efficiency and promoting digital transformation in the industry[21]. - The Chinese landscaping industry is projected to reach a market size of several hundred billion RMB by 2028, with an average growth rate remaining high in the coming years[38]. - The landscaping industry is moving towards ecological, intelligent, and diversified development, with significant growth points in ecological restoration and environmental governance[41]. Strategic Initiatives - The group completed a significant equity restructuring, transforming into a mixed-ownership listed company, supported by Greenland Group, which enhanced its strategic operational capabilities and resource integration efficiency[30]. - The group announced the acquisition of 51% of ZDX Energy International Co., Ltd., including its wholly-owned subsidiary engaged in hydropower station operation and maintenance services[31]. - A new joint venture, Shanghai Green Energy Zhihui Energy Technology Co., Ltd., was established to develop renewable energy projects, leveraging the partner's extensive experience in photovoltaic investment and construction[31]. - The group is actively exploring opportunities in the renewable energy sector, particularly in photovoltaic, wind, and hydropower fields, to diversify its business[30]. - The group emphasizes the integration of green technology and social responsibility into its long-term strategy, aligning with national policies on ecological civilization and carbon neutrality[32]. Operational Efficiency and Management - The group is focusing on optimizing existing project operational efficiency and compliance management to ensure stable cash flow and project progression[28]. - The group has implemented a refined project cost control model, establishing a unified supplier database and utilizing a self-developed project management information platform to ensure all expenditures strictly adhere to budget management[48]. - The group has received support from a well-known domestic procurement platform, fully opening supply chain channels to achieve cost reduction and efficiency improvement[48]. - The company has established a project management information platform to enhance operational efficiency and ensure compliance with budgetary constraints[48]. - The company aims to enhance its core competitiveness through capital structure optimization, cost control, and operational efficiency improvements[28]. Corporate Governance - The board of directors is composed of five members, including two executive directors and three independent non-executive directors, ensuring a diverse governance structure[61]. - The company has adopted the principles and provisions of the corporate governance code as the basis for its governance practices, ensuring compliance throughout the reporting period[57]. - The company has established three committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee, each with defined responsibilities[74]. - The board retains final decision-making authority on significant matters, including policy issues, strategy, budget, and major transactions[69]. - The company has adopted a board diversity policy since August 28, 2014, aimed at achieving diversity among board members for sustainable development[82]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to a comprehensive ESG (Environmental, Social, and Governance) management approach, focusing on sustainable development practices[146]. - The company has established a sustainable operating system centered on ESG, gradually enhancing project quality and compliance levels[145]. - The company has established an ESG working group led by the board of directors, responsible for identifying and managing key ESG issues[154]. - The company aims to integrate ESG principles into daily operations and has developed an integrated data management platform for better ESG management[159]. - The company conducts long-term risk assessments and collects relevant information for analysis[117]. Environmental Impact and Sustainability - Green State's greenhouse gas emissions decreased by approximately 11.9% compared to 2023, primarily due to a reduction in project numbers[173]. - The total greenhouse gas emissions for 2024 amounted to 80.89 tons of CO2 equivalent, down from 111.83 tons in 2023[175]. - The company has committed to actively aligning with national emission reduction policies and aims to gradually lower total emission density through project design optimization and green technology[174]. - The company has implemented a series of long-term environmental protection measures to reduce waste and promote recycling[182]. - The company has developed multiple soil improvement technologies tailored to different regional soil structures, including key greening techniques for inland saline-alkali land, which combine physical and chemical methods to enhance soil structure and eliminate saline hazards[195].

Financial Performance - Revenue for the year ended December 31, 2024, was RMB 18,396,000, a decrease of 31.6% from RMB 26,908,000 in 2023[3]. - Gross profit for the same period was RMB 10,885,000, down 12.1% from RMB 12,387,000 in 2023, resulting in a gross margin of 59.2%, an increase of 13.2 percentage points[3][4]. - The net loss attributable to the parent company was RMB 145,755,000, significantly improved from a loss of RMB 535,918,000 in 2023, reflecting a reduction of 72.8%[4]. - Total comprehensive loss for the year was RMB 163,873,000, compared to RMB 529,925,000 in the previous year, indicating a substantial decrease[5]. - The basic and diluted loss per share improved to RMB 2.52 from RMB 16.03 in the previous year[4]. - Other income for 2024 totals RMB 34,460,000, a decrease of 40.5% from RMB 57,879,000 in 2023[27]. - The group reported a pre-tax loss of RMB 24,312,000 for 2024, compared to a profit of RMB 14,750,000 in 2023[27]. - Financial costs for 2024 amount to RMB 58,212,000, a decrease of 8.5% from RMB 63,544,000 in 2023[30]. - The company has not declared any final dividends for the years ended 2024 and 2023[34]. - The company recorded a net loss of RMB 143,699,000 for the year ended December 31, 2024[73]. Assets and Liabilities - Non-current assets totaled RMB 1,369,145,000, slightly down from RMB 1,400,972,000 in 2023[7]. - Current assets decreased to RMB 682,436,000 from RMB 725,066,000 in 2023, primarily due to a reduction in trade receivables[7]. - Total liabilities decreased to RMB 2,110,017,000 from RMB 2,045,877,000 in 2023, with current liabilities accounting for RMB 1,460,662,000[8]. - The company's equity increased to RMB 141,564,000 from RMB 80,161,000 in 2023, reflecting improved financial stability[8]. - The group has only about RMB 1,801,000 in unrestricted cash and cash equivalents, raising significant doubts about its ability to continue as a going concern[74]. - Current liabilities exceeded current assets by approximately RMB 778,226,000 as of December 31, 2024[73]. - Total interest-bearing bank and other borrowings amounted to approximately RMB 576,527,000, with RMB 354,347,000 due within the next twelve months[11][73]. Revenue Sources - Major customers contributing over 10% of total revenue include Customer C with RMB 7,476,000 and Customer B with RMB 3,170,000 for the year 2024[20]. - Total revenue from customer contracts decreased to RMB 18,396,000 in 2024 from RMB 26,908,000 in 2023, representing a decline of approximately 31%[21]. - Construction services revenue fell to RMB 15,816,000 in 2024 from RMB 24,258,000 in 2023, a decrease of about 35%[21]. Strategic Focus and Operations - The company continues to focus on landscaping design services and related activities, indicating a strategic emphasis on core business areas[9]. - The company is focusing on municipal and urban landscaping projects, providing a "one-stop" service solution that includes investment financing, planning design, project construction, and commercial operation[51]. - The company is actively exploring ecological restoration and environmental governance as key growth points, particularly in areas such as mine restoration and wetland protection[49]. - The company aims to actively explore opportunities in green infrastructure and new energy sectors, promoting business transformation and upgrades[62]. - The company plans to deepen its involvement in the operation of hydropower stations and expand its footprint in the new energy generation sector[62]. - The company is committed to creating positive value for society and the environment, aligning with long-term sustainable development goals[63]. Debt Management and Financing - The group is currently reviewing its debt structure and seeking external financing opportunities, including potential equity financing if necessary[13]. - The group has taken measures to manage its liquidity needs and improve its financial position, including cash flow forecasts covering at least twelve months from December 31, 2024[12]. - The group is actively negotiating with lenders regarding the renewal of expired bank financing and repayment arrangements for outstanding borrowings[13]. - The group has received commitments from shareholders and related parties not to demand repayment of borrowings due by December 31, 2024, until all other obligations are fulfilled[13]. Trade Receivables and Impairment - Trade receivables amounted to RMB 532,749 thousand in 2024, slightly up from RMB 526,752 thousand in 2023, with an increase in impairment losses to RMB (482,952) thousand from RMB (370,108) thousand[39]. - The aging analysis of trade receivables shows that overdue amounts exceeding three years increased to RMB 2,993 thousand in 2024 from RMB 34,006 thousand in 2023[39]. - The expected credit loss rate for trade receivables was 99.2% for amounts overdue over three years in 2024, compared to 90.5% in 2023[41]. - The impairment loss on trade receivables increased to RMB 112,844,000 in 2024 from RMB 73,516,000 in 2023, indicating a rise of 53.5%[28]. - The company maintains strict control over trade receivables, with overdue balances reviewed regularly by senior management[37]. - The company has not held any collateral or other credit enhancements for its trade receivables[37]. Market Outlook - The Chinese landscaping industry is expected to reach a market size of several hundred billion RMB by 2028, with an average growth rate remaining high in the coming years[48]. - By the end of 2024, China's installed solar power capacity is expected to reach approximately 890 million kilowatts, a significant year-on-year increase of 45.2%[61]. - The total national green electricity trading volume in 2024 reached 151.93 billion kilowatt-hours, representing a year-on-year growth of 233%[61]. - The installed capacity of wind power is projected to be around 520 million kilowatts by the end of 2024, reflecting a year-on-year increase of 18.0%[61]. - By 2025, the proportion of non-fossil energy generation capacity is expected to rise to about 55%, with wind and solar power accounting for over 17% of the total national electricity generation[62]. - The Shanghai municipal government expanded its investment in municipal infrastructure and landscaping in 2024, with the landscaping business scale estimated at approximately RMB 9 billion[63]. - The landscaping business scale in Shanghai is projected to reach RMB 12 billion by 2025, driven by the city's continued push for "Ecological City" development[63]. Corporate Governance - The company has adhered to all corporate governance codes during the reporting period, ensuring transparency and accountability[66].

Financial Performance - Total revenue for the first half of 2024 was approximately RMB 1.022 million, a decrease of 81% compared to RMB 5.267 million in the same period of 2023[7]. - Gross profit for the same period was RMB 0.197 million, representing a significant increase of 393% from RMB 0.040 million in 2023[7]. - The net loss attributable to shareholders was RMB 5.058 million, down 81% from RMB 27.156 million in the previous year[7]. - The gross margin improved to 19.3% from 0.8% in the previous year, indicating enhanced operational efficiency[7]. - The total revenue for the group reached RMB 1,022 million, with a net loss attributable to the parent company of RMB 5,058 million; the gross profit margin increased to 19.3%, up 18.5 percentage points year-on-year[17]. - The company reported a revenue of RMB 1,022,000 (approximately $142,000) for the six months ended June 30, 2024, compared to RMB 5,267,000 (approximately $735,000) for the same period in 2023, representing a decrease of 81.6%[52]. - Gross profit for the same period was RMB 197,000, a significant increase from RMB 40,000 in 2023, indicating a positive trend in profitability[52]. - The company recorded a net loss of RMB 4,066,000 for the six months ended June 30, 2024, a substantial improvement compared to a net loss of RMB 27,056,000 in 2023, reflecting a reduction in losses by 85%[52][53]. - The company reported a pre-tax loss of RMB 4,016 thousand for the six months ended June 30, 2024, an improvement from a loss of RMB 27,004 thousand in the same period of 2023[58]. - Basic and diluted loss per share for the six months ended June 30, 2024, was RMB 0.09, compared to RMB 0.81 for the same period in 2023, showing a significant reduction in losses per share[81]. Assets and Liabilities - Total assets as of June 30, 2024, were RMB 2,125,556 thousand, showing a slight decrease of 0% from RMB 2,126,038 thousand[7]. - The overall asset-liability ratio increased to 88.6% from 75.0%, reflecting a shift in financial leverage[7]. - The company’s total liabilities decreased to RMB 1,451,234,000 as of June 30, 2024, from RMB 1,570,105,000 at the end of 2023, indicating improved financial stability[54]. - The total liabilities decreased from RMB 326,171,000 at the end of 2023 to RMB 349,271,000 as of June 30, 2024, showing an increase of 7.1%[100]. - The company’s total issued share capital for its main subsidiaries includes RMB 1,050,000,000 for Boda Green Ecology Construction Group, indicating substantial investment in its core business[61]. - The company’s cash and cash equivalents increased to RMB 6,432,000 as of June 30, 2024, compared to RMB 6,227,000 at the end of 2023[54]. - The company’s total interest-bearing bank and other borrowings amounted to RMB 558,825,000, a decrease from RMB 595,477,000 as of December 31, 2023, representing a reduction of approximately 6.15%[102]. - The total current borrowings were RMB 216,084,000, down from RMB 240,478,000 in the previous period, indicating a decrease of about 10.12%[102]. - Non-current borrowings totaled RMB 342,741,000, compared to RMB 354,999,000 at the end of 2023, reflecting a decline of approximately 3.44%[102]. - The company reported a significant reduction in restricted bank balances from RMB 25,400,000 at the end of 2023 to RMB 8,373,000 as of June 30, 2024, a decrease of 67.1%[96]. Equity and Share Capital - The total equity attributable to shareholders increased by 226% to RMB 186,948 thousand from RMB 57,293 thousand[7]. - As of June 30, 2024, the company has issued a total of 5,821,809,957 shares[25]. - The company issued 1,979,000,000 shares at an issue price of HKD 0.1 per share, representing approximately 42.59% of the enlarged issued share capital[51]. - The company issued 5,821,809,957 shares as of June 30, 2024, an increase from 3,342,536,957 shares as of December 31, 2023, representing a growth of approximately 74.08%[104]. - The company plans to increase its authorized share capital from HKD 100 million to HKD 200 million by issuing 4 billion new shares[128]. Operational Strategy and Market Position - The company's operating cash flow strategies focused on optimizing capital structure and enhancing cost management to stabilize cash flow[9]. - The landscaping industry in China saw a 10.6% growth in high-tech industry investment, indicating strong market potential[9]. - The company is actively participating in urban greening and vertical garden projects, responding to the growing demand for high-quality public green spaces[9]. - The company completed a significant equity restructuring, successfully transforming into a mixed-ownership listed group, enhancing its sustainable development capabilities[10]. - The collaboration with the major shareholder, Greenland Group, has strengthened the company's business layout in emerging fields such as photovoltaics, energy storage, charging infrastructure, and energy management[10]. - The company plans to invest in new energy sectors, including photovoltaics and energy storage, supported by Greenland Group's resources and capital[14]. - The establishment of the Guizhou Green Gold Low Carbon Trading Center marks the company's commitment to supporting national carbon reduction strategies and developing a full industry chain for carbon credit trading[13]. - The company aims to enhance its competitiveness in the new energy sector through technology research and market expansion, leveraging Greenland Group's support in funding and technology[14]. - The focus on ESG principles is becoming central to the company's strategy, aligning with the growing importance of environmental, social, and governance factors in investment decisions[11]. - The company recognizes the need to integrate business value with social value, which is crucial for long-term success in the landscaping industry[11]. Employee and Management - As of June 30, 2024, the group employed 74 full-time employees in China, down from 78 as of December 31, 2023, with employee costs amounting to approximately RMB 2.92 million during the reporting period[44]. - The total remuneration for key management personnel was RMB 583 thousand for the six months ended June 30, 2024, a decrease of 44.6% compared to RMB 1,048 thousand for the same period in 2023[115]. - The group’s short-term employee benefits decreased to RMB 510 thousand for the current period, down from RMB 855 thousand in the previous year, indicating a reduction in employee-related expenses[115]. Governance and Compliance - The company has established a remuneration committee to set formal and transparent procedures for determining the remuneration of directors and senior management, based on performance criteria[44]. - The audit committee has reviewed the accounting principles and policies adopted by the group and confirmed that the interim report and unaudited consolidated interim results comply with applicable accounting standards[46]. - The company has adhered to all applicable code provisions of the corporate governance code during the reporting period[42]. - There were no rights granted to directors or their immediate family members to acquire shares or debentures of the company during the reporting period[37]. - The company is in the process of appointing a new auditor following the resignation of Ernst & Young, with further announcements to be made in due course[45]. Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2024, was a net outflow of RMB 12,162 thousand, compared to a net outflow of RMB 509 thousand in the same period of 2023[58]. - The net cash flow from investing activities for the six months ended June 30, 2024, was RMB 9,206,000, an increase of 20.7% compared to RMB 7,632,000 in the same period of 2023[59]. - The net cash flow used in financing activities was RMB 3,202,000 for the six months ended June 30, 2024, compared to a net outflow of RMB 3,913,000 in the same period of 2023, indicating an improvement[59]. - The company has not made any significant acquisitions or disposals during the reporting period, nor does it hold any significant investments as of June 30, 2024[41]. - The company has not made any investments in intangible assets during the reporting period, suggesting a focus on existing operations rather than new acquisitions[59]. Risk Management - The group has not experienced any changes in risk management policies during the reporting period, maintaining stability in financial risk management[118]. - The group’s trade receivables and contract assets are primarily from government authorities, indicating a low credit risk exposure[122]. - The group utilizes a working capital planning tool to monitor liquidity risks, ensuring adequate cash flow management[123]. Market Outlook - The company is optimistic about achieving significant accomplishments in the new energy sector and contributing to global green energy transformation[14]. - The landscaping industry is expected to see increased concentration as larger companies expand their market share, driven by further integration of the industry chain[16]. - By 2024, the Chinese government aims to achieve a forest coverage rate of 24.1%, which will provide policy support and market demand for the landscaping industry[16].