力量发展(01277)发布公告，预期集团截至2025年6月30日止六个月的除税后纯利将较2024年同期减少 50%至55%，主要由于i)在市场持续波动下煤炭价格下跌而导致集团采煤分部溢利估计减少40%至45%; 及ii)仍处于发展阶段的其他业务分部产生的亏损人民币7500万元至人民币8500万元。 ...

智通财经APP讯，力量发展(01277)发布公告，预期集团截至2025年6月30日止六个月的除税后纯利将较 2024年同期减少50%至55%，主要由于i)在市场持续波动下煤炭价格下跌而导致集团采煤分部溢利估计 减少40%至45%;及ii)仍处于发展阶段的其他业务分部产生的亏损人民币7500万元至人民币8500万元。 ...

格隆汇8月5日丨力量发展(01277.HK)公告，公司预期截至2025年6月30日止六个月的除税后纯利将较上 年同期减少50%至55%，主要由于i)在市场持续波动下煤炭价格下跌而导致集团采煤分部溢利估计减少 40%至45%；及ii)仍处于发展阶段的其他业务分部产生的亏损介于人民币75百万元至人民币85百万元。 ...

I. 法定/註冊股本變動 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: 力量發展集團有限公司 呈交日期: 2025年8月1日 | 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) | 01277 | 說明 | | | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 500,000,000,000 | USD | | 0.001 | USD | | 500,000,000 | | 增加 / 減少 (-) | | | | 0 | | | USD | | 0 | | 本月底結存 | | | 500,000,000,000 | USD | | 0.001 | USD | | 500,000,000 ...

Group 1 - The article provides a list of companies listed on the Hong Kong stock market along with their dividend distribution dates and shareholder meeting dates [1][4][5] - Notable companies mentioned include China Railway, Green Town China, and Budweiser APAC, which are scheduled for dividend payments [4][5] - The document outlines various companies' actions regarding capital increases and dividend distributions, indicating ongoing corporate activities in the market [4][5]

受益的行业非常多，这个要分短期和中长期，因为时间跨度很长，预期是10-15年，但按照中国的速 度，只要资金到位，10年内就完工并非不可能。 短期来看，最开始就是水泥建材这些先行一步，考虑到水泥有个运输半径问题，因此最大龙头是本地水 泥厂的西藏天路(600326.SH)，被巨量封住一字，再是离基地项目400公里的港股华新水泥(06655)，大涨 超85%。本地产能肯定是不够的，需要从其它地区引进，其它有华润建材科技(01313)、中国建材 (03323)、金隅集团(02009)、中国建材(03323)、海螺水泥(00914)均涨超10%。 【解剖大盘】 周末没啥利空，市场主要担心的无非是日本的参议院选举，最新情况是由自民党和公明党组成的执政联 盟丧失参议院过半数议席。但靴子落地后日元并未出现明显波动，市场预期石破茂依旧可以继续履行职 责，从而稳定局面。因此港股继续跳空上行，今天涨0.68%。 扰动市场的巨头内卷也开始收敛，7月18日，根据央视新闻，市场监管总局约谈饿了么、美团、京东三 家平台企业，号召理性参与竞争。美团-W(03690)、京东集团(09618)、阿里巴巴(09988)均涨幅超2%。 而爆炸性题材 ...

Core Insights - The article highlights the top short-selling stocks in the Hong Kong market, indicating significant investor sentiment against these companies [1][2]. Short Selling Ratios - The top three stocks with the highest short-selling ratios are Great Wall Motors-R (89.22%), Li Ning-R (82.43%), and BYD Company-R (79.48%) [1][2]. - Other notable companies with high short-selling ratios include Baidu Group-SWR (77.03%) and Lenovo Group-R (73.78%) [2]. Short Selling Amounts - The highest short-selling amounts are recorded for Tencent Holdings (67.43 billion), Xiaomi Group-W (56.17 billion), and Alibaba-SW (52.37 billion) [1][2]. - BYD Company also appears in the top short-selling amounts with 38.64 billion [2]. Deviation Values - The stocks with the highest deviation values, indicating a significant difference from their average short-selling ratios over the past 30 days, are Hong Kong Exchanges-R (60.43%), Baidu Group-SWR (52.06%), and BYD Company-R (37.56%) [1][2]. - Great Wall Motors-R and China Bank Hong Kong-R also show notable deviation values of 35.61% and 35.39%, respectively [2].

Financial Performance - For the fiscal year ending December 31, 2024, the company's total revenue was approximately RMB 5,655.8 million, representing a year-on-year increase of 19.2%[9] - The main coal business revenue reached approximately RMB 5,368.5 million, with a year-on-year growth of 13.4%[9] - The company's pre-tax net profit from the coal business was approximately RMB 3,045.7 million, reflecting a year-on-year increase of 20.0%[9] - The overall net profit for the company was approximately RMB 2,080.7 million, showing a slight year-on-year increase of 0.4%[9] - The gross profit margin for the fiscal year was 55.2%, while the net profit margin stood at 36.8%, maintaining a high level within the industry[9] - The company's coal sales revenue for the main business reached approximately RMB 5,368.5 million, an increase of 13.4% year-on-year, contributing 94.9% to total revenue[36] - The sales volume of the company's 5,000 kcal coal products increased by approximately 21.8% year-on-year, driven by improved mining conditions and enhanced extraction efficiency[36] - The gross profit for the year ended December 31, 2024, was approximately RMB 3,123.2 million, with a gross margin of 55.2%, down from a gross profit of RMB 2,803.0 million and a margin of 59.1% for the previous year[58] - The net profit after tax for the year ended December 31, 2024, was approximately RMB 2,080.7 million, with a net profit margin decreasing from 43.7% to 36.8%[65] - The total sales cost for the year ended December 31, 2024, was approximately RMB 2,532.6 million, compared to RMB 1,942.0 million for the year ended December 31, 2023[57] Expansion and Acquisitions - The company is pursuing the acquisition of 51% of MC Mining Limited to enter the South African thermal coal and coking coal mining sector[10] - The company has acquired a 51% stake in MC Mining Limited, with a total of 27.60% ownership completed as of August 2024, aiming to develop four coal mining projects in South Africa with a total recoverable resource of 1.96 billion tons[40] - The company completed the acquisition of 100% equity in Taiyuan Hetai for RMB 220 million, focusing on real estate development in China[76] - The company entered into a share subscription agreement with MC Mining for a total consideration of USD 90 million, acquiring a 13.04% stake initially[78] - The company has entered into a framework agreement to acquire 100% equity in Qinhuangdao Jifu at zero consideration, offsetting a debt of RMB 564.6 million[80] - The company is actively seeking potential mining project targets and diversifying into new business areas beyond coal mining[66] Environmental and Sustainable Development - The company emphasizes environmental protection and sustainable development, maintaining the status of a national-level green mine[11] - The company continues to advance its green and sustainable development initiatives, maintaining its status as a national-level green mine[39] - The company aims to maintain wastewater treatment efficiency and achieve zero wastewater discharge by 2025[149] - The company was recognized as an advanced enterprise in green mining construction in 2023 and aims for further recognition in 2024[140] - The company has committed to regular communication with stakeholders to assess and prioritize ESG-related issues[99] - The company has established an ESG working group to manage and report on environmental, social, and governance risks, ensuring effective oversight and integration into overall strategy[97] - The company is committed to promoting energy conservation and emission reduction as part of its environmental strategy[106] - The company aims to reduce coal consumption and increase tree planting in reclamation areas to further lower greenhouse gas emissions in 2025[147] - The company has identified climate-related risks, including acute physical risks from extreme weather events and chronic risks from long-term climate changes, which could impact operational costs and production capacity[161] - The company has implemented measures to address acute physical risks, such as incorporating extreme weather factors into the construction of new facilities and conducting regular inspections of operational equipment[162] Safety and Employee Welfare - The company maintains a focus on safety, achieving zero major injuries at both Dafenpu and Yong'an mines in 2024, emphasizing a robust safety management system[46] - The group has not experienced any major safety incidents or work-related fatalities in the past three years, with zero workdays lost due to injuries in 2024[132] - The group conducted 1,244 safety training sessions covering 1,342 employees, totaling over 1,866 hours of training in 2024[133] - The group has a comprehensive safety management system that emphasizes responsibility, standards, and scientific efficiency[127] - The total employee cost for the year ending December 31, 2024, was approximately RMB 425.3 million, with a workforce of 2,520 full-time employees across various regions[93] - The company has established a performance evaluation mechanism to enhance employee engagement and responsibility, promoting rapid and healthy development[178] - The company has a male-to-female employee ratio of 85% to 15%, reflecting its commitment to equal employment principles[171] - The employee turnover rate for full-time staff in mainland China is 22.73%, totaling 541 individuals, while Hong Kong's turnover rate is 50.00% with 3 individuals, and Cambodia's is 44.77% with 154 individuals[172] - The company provided free meals to underground employees, ensuring they receive hot meals during shifts in 2024[185] - The employee training satisfaction rate is reported to be good, with various training formats including video lectures and outdoor training[181] Community Engagement and Social Responsibility - The group signed a reclamation and greening project agreement worth RMB 710,000 with a local community, reducing soil extraction costs and increasing community revenue[191] - The group sponsored local cultural events, contributing RMB 20,000 to one village and RMB 5,000 to another, fostering good community relations[191] - The group provided free coal to local residents and engaged in volunteer services, contributing RMB 310,000 to support local economic development[192] - Local employees accounted for 24.6% of the total workforce, with 241 employees holding local residency[192] - The group has been recognized as a "Star Enterprise" in Qinhuangdao for eight consecutive years, reflecting its commitment to quality and community engagement[192] Innovation and Technology - In 2024, the company achieved 9 new utility model patents as part of its commitment to technological innovation[116] - The company completed the intelligent construction of its coal mine by October 2023, with plans to pass the intelligent acceptance of the coal preparation plant by December 2024[116] - The innovation studio submitted 64 projects in 2024, winning awards for 53 of them, creating direct economic value of approximately RMB 7.8 million[116] - The group has implemented a coal mining technology innovation that saves 50% in preparation roadway excavation and reduces the number of relocations during mining[117] - The group has established nearly 30 subsystems at the Dafenpu coal mine, achieving full coverage with 4G and 5G networks, enhancing automation and remote control capabilities[118] Compliance and Governance - The company emphasizes compliance with laws and regulations, including the Company Law and Anti-Money Laundering Law of the People's Republic of China, to prevent corruption[110] - The company has established anti-corruption policies, with a number of corruption lawsuits filed and resolved during the reporting year[199] - The company has a policy to prevent child labor and forced labor, ensuring compliance with relevant laws and regulations[197] - The company has established a governance structure where the board is responsible for ESG strategies and risk assessments, including climate-related risks[159]

Core Viewpoint - The company reported a total revenue of RMB 5.656 billion for the fiscal year ending December 31, 2024, representing a year-on-year growth of 19.2%, while the net profit attributable to shareholders was RMB 2.11 billion, reflecting a growth of 1.54% [1] Group 1: Financial Performance - The company proposed a final dividend of HKD 0.045 per share [1] - The earnings per share (EPS) for the year was RMB 0.2506 [1] - The average selling price of the company's 5,000 kcal low-sulfur environmental power coal was approximately RMB 753.0 per ton, a decrease of about 6.1% year-on-year, yet still above the market price [1] Group 2: Market Strategy - The company effectively anticipated market trends and conducted pre-sales in Q4 2024 to mitigate risks from market downturns [1] - The company adopted a competitive sales model to quickly secure high-price demand at different stages, achieving sales prices above market levels [1] - The company achieved a 100% sales collection rate for the year [1] Group 3: Operational Efficiency - The company continued to implement a refined management strategy, enhancing operational efficiency across various business segments [2] - The intelligent construction and renovation of the Dafenpu coal mine's coal preparation plant improved production efficiency and reduced electricity and operational costs [2] - The company maintained a gross margin of approximately 55.2%, positioning it at a leading level within the industry [2]

Financial Performance - Total revenue for the year ended December 31, 2024, was RMB 5,655.8 million, representing a 19.2% increase from RMB 4,745.1 million in 2023[2]. - Coal segment revenue reached RMB 5,368.5 million, up 13.4% from RMB 4,733.9 million in the previous year[2]. - Gross profit increased to RMB 3,123.2 million, an 11.4% rise compared to RMB 2,803.0 million in 2023, with a gross margin of 55.2%, down 3.9 percentage points[2]. - Profit before tax for the coal segment was RMB 3,045.7 million, reflecting a 20.0% increase from RMB 2,539.0 million[2]. - Net profit margin decreased to 36.8%, down 6.9 percentage points from 43.7% in the previous year, with net profit of RMB 2,080.7 million, a slight increase of 0.4%[2]. - Basic and diluted earnings per share rose to RMB 25.06 cents from RMB 24.65 cents[4]. - The company reported a total comprehensive liability of RMB 4,715,979,000, compared to RMB 3,517,715,000 in the previous year, indicating a 34.1% increase[22]. - The company's net profit before tax for 2024 was RMB 2,736,755,000, compared to RMB 2,440,901,000 in 2023, representing an increase of 12.1%[38]. - The group's consolidated profit after tax slightly increased from approximately RMB 2,072.7 million in 2023 to approximately RMB 2,080.7 million in 2024, with a net profit margin declining from 43.7% to 36.8%[98]. Dividends - The company declared a special dividend of 7.0 HKD cents per share, up from 4.0 HKD cents in the previous year[2]. - The company declared an interim dividend of HKD 0.04 per share for 2024, compared to HKD 0.03 per share in 2023[39]. - A special dividend of HKD 0.07 per share was paid, up from HKD 0.04 per share in 2023[39]. - The proposed final dividend for 2024 is HKD 0.045 per share, down from HKD 0.05 per share in 2023[39]. - The company plans to distribute a final dividend of HKD 0.045 per share, totaling HKD 379,350,000, pending shareholder approval[126]. Assets and Liabilities - Non-current assets totaled RMB 9,722.0 million, an increase from RMB 8,780.7 million in 2023[5]. - Current liabilities increased to RMB 3,425.9 million from RMB 2,572.1 million, with a net current liability of RMB 157.2 million[5]. - Total equity rose to RMB 8,274.7 million, compared to RMB 7,420.2 million in the previous year[6]. - Total assets for the group reached RMB 12,990,726,000 as of December 31, 2024, up from RMB 10,937,914,000 in 2023, indicating a growth of approximately 9.6%[20]. - The group reported segment assets for the coal segment were RMB 9,105,228,000 in 2024, an increase from RMB 8,347,866,000 in 2023, showing a growth of about 9.1%[18]. - The company has bank loans totaling RMB 878,320,000 as of December 31, 2024, down from RMB 1,302,800,000 in 2023, a decrease of 32.5%[63]. - The company reported no expected credit loss provision for trade and other receivables as of December 31, 2024, indicating a low anticipated credit loss amount[59]. Acquisitions and Investments - The group has been actively seeking potential mining project targets and diversifying into new business areas beyond coal[10]. - The company has ongoing acquisition prepayments totaling RMB 1,391,740,000 for Guizhou Power Energy Co., Ltd. and Shidi Real Estate Group Co., Ltd.[43]. - The acquisition of Seedlife Holding Limited was completed post-reporting period for RMB 278,405,000[43]. - The company completed the acquisition of 100% equity in Taiyuan Hetai on June 3, 2024, for a consideration of RMB 220 million, offset against a prepayment under a property sale agreement[109]. - The company completed the acquisition of several commercial properties in Guangzhou, totaling approximately 1,182.0 square meters for a total consideration of RMB 45,000,000[111]. - The company entered into a share subscription agreement with MC Mining, with a total consideration of USD 90,000,000, acquiring 13.04% of MC Mining's issued shares for USD 12,970,588[112]. - Following the second tranche of the MC Mining acquisition, the company will hold 51% of MC Mining's issued shares, marking a significant milestone in its global expansion strategy[114]. - The company acquired 100% equity of Qinhuangdao Jifu at zero consideration, with a total construction area of 87,989 square meters expected to be completed by 2030[115]. - The company completed the acquisition of Seedlife for a total consideration of RMB 423,000,000, aiming to establish additional revenue sources[117][118]. - The company acquired 100% equity of Maoming Shengda and Maoming Shengcheng for a total consideration of RMB 70,000,000, with ongoing projects expected to benefit the company financially[119]. Operational Efficiency and Market Conditions - The company implemented a refined management strategy, enhancing production efficiency and reducing operational costs through smart upgrades at its coal processing facilities[79]. - The overall economic environment in 2024 showed a GDP growth of 5% in China, with industrial enterprises' revenue increasing by 2.1% year-on-year[74]. - The coal market in 2024 experienced a decrease in overall revenue by 11.1% and profit by 22.2% due to falling coal prices, indicating a challenging market environment[76]. - The group aims to enhance operational efficiency and achieve revenue and profit growth by focusing on safety, efficiency, and green environmental practices in mining operations[86]. - The group anticipates a continued oversupply in the domestic coal market in 2025, leading to further price adjustments, while maintaining a focus on the core coal business and diversifying into ancillary businesses[87]. Expenses and Financial Management - Sales expenses rose significantly by 134.6%, from approximately RMB 16.9 million in 2023 to approximately RMB 39.7 million in 2024, driven by increased sales staff and marketing expenditures related to the cigar and tobacco business[94]. - Administrative expenses increased by 33.8%, from approximately RMB 257.1 million in 2023 to approximately RMB 344.1 million in 2024, mainly due to higher leasing and professional fees[95]. - Financing costs decreased by 18.7%, from approximately RMB 101.4 million in 2023 to approximately RMB 82.5 million in 2024, attributed to a reduction in the average balance of interest-bearing liabilities[96]. - The group’s financing costs decreased from RMB 101,349,000 in 2023 to RMB 82,357,000 in 2024, a reduction of approximately 18.8%[20]. Corporate Governance and Compliance - The board believes that good corporate governance can create value for shareholders and has complied with the corporate governance code for the year ending December 31, 2024[133]. - The audit committee met on March 25, 2025, to review the annual performance and draft financial statements for the year ending December 31, 2024[134]. - The independent auditor, KPMG, confirmed that the financial statements reflect the group's financial position and performance accurately as of December 31, 2024[135]. - There is significant uncertainty regarding the group's ability to continue as a going concern due to reliance on future cash flows and potential market price fluctuations[137].