股票名称 机构名称 性质 变动前持股 变动后持股 持股比 中国碳中和(01372) Youth Force Asia Limited 好 仓 5170.00 万股 2440.10 万股 3.80%(最新) 8.04%(前次) 备注：持股数变动有可能因供股、合股、拆股等情况引起，请注意对照实际情况进行辨别。 智通财经APP获悉，中国碳中和(01372)于2025年10月23日进行了最新股东权益披露。 ...

Group 1 - Youth Force Asia Limited reduced its stake in China Carbon Neutral (01372) by 27,299,000 shares at a price of HKD 1.00 per share, totaling approximately HKD 27,299,000 [1] - After the reduction, Youth Force Asia Limited holds approximately 24,401,000 shares, representing a holding percentage of 3.80% [1]

Group 1 - Youth Force Asia Limited reduced its stake in China Carbon Neutral (01372) by selling 27,299,000 shares at a price of HKD 1.00 per share, totaling approximately HKD 27,299,000 [1] - After the reduction, Youth Force Asia Limited holds approximately 24,401,000 shares, representing a holding percentage of 3.80% [1]

Group 1 - Youth Force Asia Limited reduced its stake in China Carbon Neutral (01372) by 27.299 million shares at a price of HKD 1.00 per share, totaling approximately HKD 27.299 million [1] - After the reduction, Youth Force Asia Limited holds approximately 24.401 million shares, representing a holding percentage of 3.80% [1]

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 20.6%[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 owners 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] Expenses and Costs - The company experienced an operating loss of HKD 405,000, significantly improved from HKD 131,180,000 in the previous period[5] - Administrative and selling expenses decreased to HKD 75,130,000 from HKD 102,279,000, showing a reduction of 26.5%[5] - The financial costs decreased to HKD 29,235,000 from HKD 72,647,000[5] - The group reported interest expenses of HKD 29,235,000 for the period ending June 30, 2025, down from HKD 72,647,000 for the same period in 2024, indicating a significant reduction of approximately 59.8%[31] - The total revenue cost for the year ending June 30, 2025, was HKD 539,901,000, compared to HKD 909,179,000 for the previous period[32] - The employee benefit expenses (excluding directors and highest-paid executives) totaled HKD 84,545,000 for the year ending June 30, 2025[32] - The deferred tax expense for the year ending June 30, 2025, was HKD 9,213,000, compared to HKD 1,071,000 for the previous period[35] 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 a reduction in right-of-use assets 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] - Total liabilities increased to HKD 441,052,000 from HKD 365,654,000, with current liabilities rising to HKD 378,708,000 from HKD 331,308,000[9] - The company's equity attributable to owners rose to HKD 22,463,000 from HKD 2,176,000, indicating a recovery in shareholder value[9] - The group has contingent liabilities related to performance guarantees provided to banks amounting to HKD 15.2 million as of June 30, 2025, down from HKD 16.8 million in the previous year[43] Business Strategy and Future Outlook - The company plans to focus on expanding its carbon neutral business and digital technology sectors in the upcoming fiscal year[3] - Future guidance indicates a cautious outlook due to market conditions, with a focus on cost management and operational efficiency[3] - The company plans to continue focusing on market expansion and new product development to drive future growth[10] - 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 invest more resources in the new energy business sector, particularly in battery recycling and establishing a recovery network[72] Segment Performance - The segment performance for the global carbon neutrality business showed a profit of HKD 25,265,000, while the civil engineering and construction business reported a loss of HKD 61,905,000 for the period ending June 30, 2025[26] - Revenue from civil engineering and construction business for the year was HKD 556.8 million, down from HKD 657.4 million in the previous period, with a gross profit of HKD 34.2 million and a gross margin of 6.1%[60] - The total contract amount for significant ongoing construction projects as of June 30, 2025, was approximately HKD 300 million, with unpaid amounts of HKD 115 million, compared to HKD 371 million and HKD 49 million respectively in the previous year[61] Regulatory and Compliance - The group has adopted revised Hong Kong Financial Reporting Standards (HKFRS) for the current fiscal year, which includes HKFRS 16 related to lease liabilities[19] - No early adoption of newly issued or revised HKFRS that are not yet effective has been made by the group[20] - The new HKFRS 18 will replace HKAS 1 for the presentation and disclosure of financial statements, introducing new requirements for performance indicators[22] - The group is evaluating the detailed impact of HKFRS 18 on its consolidated financial statements[23] Corporate Governance - The board does not recommend any final dividend payment for the current fiscal year[79] - The company has fully complied with the listing rules regarding the appointment and resignation of independent non-executive directors, with recent changes including the appointment of Ms. Qiao Yanlin and Mr. Cao Ming[81][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] - There have been no significant events affecting the group since the end of the reporting period[87]

Group 1 - The company reported total revenue of HKD 579 million for the fiscal year ending June 30, 2025, with a loss attributable to shareholders of HKD 7.45 million, resulting in a loss per share of HKD 0.0132 [1] - The company plans to innovate in the new energy sector by developing an integrated business model that includes solar power, charging, storage, operation, and management [1] - The company aims to actively engage in the recycling of used batteries through its subsidiary, Henan Rebright New Energy Recycling Co., which has been included in the Ministry of Industry and Information Technology's whitelist for comprehensive utilization of waste batteries [1] Group 2 - The company is leveraging blockchain and artificial intelligence technologies to develop an integrated online and offline platform for lithium resource utilization, embracing digital technology in the new energy sector [1]

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]