Financial Performance - Total revenue for the year ended June 30, 2025, was HKD 579,400,000, a decrease of 39.6% compared to HKD 959,084,000 for the previous period[4] - The gross profit for the year was HKD 39,499,000, down from HKD 49,905,000, reflecting a decline of 20.0%[5] - The company reported a net loss attributable to owners of HKD 7,450,000, compared to a loss of HKD 132,840,000 in the previous period, indicating an improvement[4] - The company reported a net loss attributable to shareholders of HKD 6,709,000 for the year ended June 30, 2025, compared to a loss of HKD 127,847,000 for the previous year, indicating a significant improvement[6] - Total comprehensive income for the year was HKD 3,273,000, a recovery from a loss of HKD 6,485,000 in the prior year[6] - The company reported a basic loss per share of HKD 1.32 for the year, compared to HKD 28.90 in the previous year, reflecting a substantial reduction in losses[7] - The group reported a net loss of approximately HKD 10,282,000 for the year ending June 30, 2025[15] - The group reported a pre-tax loss of HKD 7,450,000 for the year ending June 30, 2025, and a loss of HKD 132,840,000 for the period from January 1, 2023, to June 30, 2024[36] Revenue Segments - The revenue from carbon neutral business was HKD 4,654,000, while the revenue from digital technology business was HKD 5,703,000, showing significant growth in these segments[4] - The revenue from carbon neutrality consulting and carbon planning services was HKD 4,654,000 for the period ending June 30, 2025, compared to HKD 3,912,000 for the same period in 2024, showing an increase of about 19%[28] - The revenue from civil engineering and construction business for the year was HKD 556.8 million, a decrease from HKD 657.4 million in the previous period[60] - The revenue from carbon credit asset sales was HKD 0 for the period ending June 30, 2025, compared to HKD 229,000 for the same period in 2024[28] Expenses and Costs - The company incurred research and development costs of HKD 12,019,000 during the year, indicating ongoing investment in innovation[5] - Administrative and selling expenses were HKD 75,130,000, down from HKD 102,279,000, reflecting cost control measures[5] - The total cost of goods sold for the year ending June 30, 2025, was HKD 539,901,000, with a significant portion attributed to contract costs of HKD 522,662,000[32] - Employee benefit expenses, excluding directors and highest-paid executives, totaled HKD 84,545,000 for the year ending June 30, 2025[32] - The financial expenses for the year were approximately HKD 29.2 million, a decrease of about HKD 43.4 million or 59.8% compared to the previous period[52] Assets and Liabilities - The company's non-current assets decreased to HKD 62,055,000 from HKD 67,511,000 year-over-year, primarily due to declines in machinery and equipment, and intangible assets[8] - Current assets increased significantly to HKD 397,589,000 from HKD 296,745,000, driven by a rise in carbon credit assets and cash and cash equivalents[8] - The total liabilities of the company were not disclosed, but the financial costs amounted to HKD 29,235,000, down from HKD 72,647,000, indicating reduced borrowing costs[5] - Non-current liabilities rose to HKD 62,344,000 from HKD 34,346,000, largely due to increased borrowings[9] - The total equity attributable to shareholders increased to HKD 22,463,000 from HKD 2,176,000, indicating a positive shift in the company's financial position[9] - The company’s total liabilities increased to HKD 441,052,000 from HKD 365,654,000, indicating a rise in financial obligations[9] - As of June 30, 2025, the group's current liabilities reached HKD 378,708,000, with HKD 162,031,000 of interest-bearing liabilities in default[15] Strategic Focus and Future Plans - The company is focusing on expanding its carbon neutral and digital technology businesses as part of its growth strategy[4] - The company plans to continue developing existing carbon credit assets and explore new carbon projects to ensure supply and enrich its carbon credit portfolio[17] - The group plans to innovate in the new energy sector by developing an integrated business model for solar energy, charging, storage, and management[50] - The group aims to utilize blockchain and artificial intelligence technologies to develop an integrated online and offline platform for lithium battery utilization[50] - The group plans to continue developing customer resources by collaborating with China Everbright Group and China National Chemical Corporation to increase carbon asset sources[70] Corporate Governance and Compliance - The board does not recommend any final dividend for the current year[79] - The group is committed to maintaining high levels of corporate governance to protect shareholder rights and enhance corporate value[80] - The company has fully complied with listing rules regarding the appointment and resignation of independent non-executive directors, with recent changes including the appointment of Mr. Cao Ming as the chairman of the audit committee[82] - The audit committee currently consists of three members, all of whom are independent non-executive directors, and has reviewed the group's accounting principles and policies[86] Regulatory and Reporting Standards - The group has adopted revised Hong Kong Financial Reporting Standards, which became mandatory this year, with no significant impact on the financial position and performance for the current and prior years[19] - The group has not early adopted any newly issued or revised Hong Kong Financial Reporting Standards that are not yet effective, including HKFRS 9 and HKFRS 10, which will affect future financial periods starting on or after specified dates[20] - The introduction of HKFRS 18 will replace HKAS 1 and is expected to improve the presentation and disclosure of financial statements, with the new standard allowing for early application[22][23] Environmental and Sustainability Initiatives - The group emphasizes environmental protection and sustainable development in its civil engineering and construction projects, maintaining ISO 14001 certification for its environmental management system[58] - The group aims to reduce 2% of China's CO2 emissions through natural and technological solutions, targeting a total of 100 million tons of negative carbon emissions[55] - The group successfully registered the first fertilizer centralized treatment project on the VCS platform, achieving an annual reduction of 76,000 tons of CO2 equivalent over a ten-year period[54]

Core Insights - The "2025 China Carbon Neutral Development Index" was jointly released by Xiamen University and Jiangsu University, marking the fifth annual release of this index, coinciding with significant milestones in China's carbon neutrality goals and the conclusion of the 14th Five-Year Plan [1][4] Group 1: Regional Performance - From 2020 to 2025, the contribution rates of the eastern, central, western, and northeastern regions of China have shown a steady improvement, with the western region experiencing the most significant enhancement [2] - The overall index for various provinces exhibits a trend of "slowly rising amidst fluctuations," with eastern and central provinces maintaining high levels, indicating notable progress in green transformation during the 14th Five-Year Plan [2] - Leading provinces such as Zhejiang, Guangdong, Beijing, Jiangsu, and Shanghai have developed exemplary cases in areas like new energy application, green manufacturing, and financial innovation [2] Group 2: Challenges and Future Directions - Despite the progress, challenges remain, including the need for improved policy design, the risk of uniform local implementation paths, and insufficient innovation capabilities in low-carbon key technologies [3] - The research team anticipates that the upcoming 15th Five-Year Plan will focus on achieving carbon peak targets, emphasizing the need for continued optimization of the index system and enhanced data integration [3] - The "China Carbon Neutral Development Index" has adopted a "5+N" evaluation system, reflecting a shift from a singular focus on emissions reduction to a more integrated and collaborative approach in carbon neutrality efforts [4]

Core Insights - The "2025 China Carbon Neutral Development Index" reveals significant progress in carbon reduction and green transformation in China, marking the fifth anniversary of the "dual carbon" goals [1][2] - The index serves as a comprehensive tool to evaluate regional carbon neutrality potential and practical outcomes, reflecting systemic changes in economic and social development under the "dual carbon" strategy [1][2] Group 1 - The index shows a score distribution among provinces ranging from 41 to 79, with an average score of approximately 56.32 [2] - Leading provinces such as Zhejiang, Guangdong, Beijing, Jiangsu, and Shanghai have maintained high scores, demonstrating mature experiences in energy structure adjustment and industrial upgrading [2] - Key cities like Shenzhen, Guangzhou, Hangzhou, Changsha, and Qingdao have shown notable improvements in green industries, technological innovation, and green finance, with an average score increase of 1.89 points from 2024 [2] Group 2 - The research team emphasizes the need for technological innovation to address issues such as high carbon industry path dependence and insufficient market mechanisms during the "14th Five-Year Plan" period [3] - The focus for the "15th Five-Year Plan" should be on building a clean, low-carbon, safe, and efficient energy system, enhancing carbon pricing and green finance mechanisms, and ensuring effective policy implementation and data supervision [3] - The goal is to achieve carbon peak by 2030 and lay a solid foundation for carbon neutrality by 2060 [3]

Group 1 - The company, China Carbon Neutral (01372.HK), announced that it will hold a board meeting on September 30, 2025, to approve the group's performance for the year ending June 30, 2025, and to consider the payment of a final dividend, if any [1]

中國碳中和發展集團有限公司（「本公司」及其附屬公司「本集團」）董事（「董事」）會 （「董事會」）謹此宣佈，本公司將於二零二五年九月三十日（星期二）舉行董事會會議，以 批准通過（其中包括）本集團截至二零二五年六月三十日止之年度業績及其發佈，並考慮派 付末期股息（如有）。 承董事會命 中國碳中和發展集團有限公司 主席及執行董事 鍾國興 香港，2025 年 9 月 17 日 （於開曼群島註冊成立之有限公司） （股份代號：1372） 董事會會議召開日期 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 等內容而引致之任何損失承擔任何責任。 於本公告列刊發日期，本公司執行董事為鍾國興先生、邸靈先生及魯向勇先生; 非執行董事陳永 嵐先生及耿志遠先生 (王光袓先生為他的替代)；及獨立非執行董事為曹明先生、汪家駟先生及喬艷 琳女士。 ...

公司名稱: 中國碳中和集團有限公司 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8月31日 狀態: 新提交 致：香港交易及結算所有限公司 第 1 頁 共 10 頁 v 1.1.1 呈交日期: 2025年9月1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) | 01372 | 說明 | 中國碳中和 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 ...

Core Viewpoint - The establishment of the Global Carbon Asset Investment Management, Ltd. aims to create a significant financial tool to promote global carbon neutrality through investments in carbon assets and new decarbonization technologies [1][2]. Group 1: Company Overview - China Carbon Neutrality (01372.HK) has partnered with BRICS Capital to form a new investment management company focused on carbon assets [1]. - BRICS Capital is headquartered in Hong Kong with offices in Beijing and Shenzhen, emphasizing investment strategies along the Belt and Road Initiative [1]. Group 2: Investment Strategy - The new fund will focus on investing in carbon assets and decarbonization technologies, aligning with national strategies and economic development [1][2]. - The fund aims to leverage Hong Kong's unique position as an international financial center to connect different regional carbon markets [2]. Group 3: Market Impact - The shift of capital towards low-carbon sectors is expected to compel high-carbon industries to adopt green technologies, accelerating the transition to a low-carbon economy [2]. - This initiative is seen as a strategic move to address urgent climate challenges while capturing significant commercial value, potentially becoming a leading investment tool in the era [2].

Core Viewpoint - China Carbon Neutrality (01372) announced the establishment of a global carbon asset investment management company in collaboration with BRICS Capital, aiming to drive the global carbon neutrality process through investment in carbon assets and decarbonization technologies [1] Group 1: Company Overview - The newly formed company is headquartered in Hong Kong, with offices in Beijing and Shenzhen [1] - BRICS Capital focuses on investment strategies, quality project reserves, competitive advantages, and an experienced investment team, targeting investment opportunities along the Belt and Road Initiative [1] Group 2: Investment Focus - The global carbon asset investment fund will concentrate on investing in carbon assets and new decarbonization technologies [1] - The initiative aims to create maximum investment returns for investors while supporting national strategies and the development of the real economy [1]

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內容概不負責，亦不就其準確性 或完整性作出任何陳述，並明確表示，概不對因依賴本公告全部或任何部分內容而導致的任何損 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：1372） 自願公告 本集團與金磚資本聯合設立全球碳資產投資管理有限公司 本公告乃中國碳中和發展集團有限公司（「本公司」，連同其附屬公司統稱「本集 團」）作出之自願公告，旨在向本公司股東及有意投資者通報本集團業務發展之最 新情況。 本公司董事局欣然宣布，本集團與金磚資本聯合成立全球碳資產投資管理有限公司 （Global Carbon Asset Investment Management, Ltd.）。 金磚資本管理有限公司（「金磚資本」）總部設於香港，並在北京及深圳設有辦公 室。金磚資本憑藉專注的投資策略、優質的項目儲備、差異化的競爭優勢及經驗豐 富的投資團隊，以中國「一帶一路」沿線國家及地區為重點投資區域，致力於為投 資者創造最大投資回報，同時服務於國家戰略及實體經濟發展。 設立全球碳資產投資基金，專注於投資碳資產及減碳新技術，將成為推動全球碳中 和進程的重要金融工具。 - ...

Core Viewpoint - China Carbon Neutrality (01372.HK) announced the cancellation of 26 million conditional stock options under the new stock option plan, which was approved by the board and agreed upon by the grantees. The board believes that this cancellation will not have a significant impact on the group's financial condition or daily operations [1] Summary by Relevant Categories - **Company Actions** - The company has decided to cancel 26 million conditional stock options as part of its new stock option plan [1] - The cancellation was approved by the board and agreed upon by the grantees [1] - **Financial Impact** - The board believes that the cancellation of the conditional stock options will not significantly affect the group's financial condition or daily operations [1]