2025 INTERIM REPORT 中期報告 京北健康城 CONTENTS 目 錄 Page 頁 次 中國天保集團發展有限公司 China Tianbao Group Development Company Limited （Incorporated in the Cayman Islands with limited liability） （ 於開曼群島註冊成立的有限公司 ） Stock Code 股份代號: 01427 | 2 | CORPORATE INFORMATION | 公司資料 | | --- | --- | --- | | 6 | FINANCIAL HIGHLIGHT | 財 務 摘 要 | | 8 | BUSINESS REVIEW AND PROSPECT | 業務回顧及前景 | | 11 | MANAGEMENT DISCUSSION AND ANALYSIS | 管 理層討論與分析 | | 39 | CORPORATE GOVERNANCE AND OTHER | 企業管治及其他資料 | | | INFORMATION | | | 47 | INTERIM CONDENSED C ...

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 公司名稱: 中國天保集團發展有限公司 呈交日期: 2025年9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) | 01427 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 HKD | | 20,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 HKD | | 20,000,000 | II. 已發行股份及/或庫存股份變動 | 1 ...

中国天保集团(01427)发布截至2025年6月30日止六个月业绩，收益8.27亿元(人民币，下同)，同比增长 0.7%;净亏损3729.4万元，同比扩大29.3%;每股基本亏损0.043元。 期内总收益同比上升，主要是报告期内房地产业务中，天保智慧城于2025年交付，因此取得收益的增 加。 ...

格隆汇8月20日丨中国天保集团(01427.HK)公告，截至2025年6月30日止六个月，集团的收益约为人民币 827百万元，较2024年同期增加约人民币6百万元(0.8%)。集团的报告期内基本亏损约为人民币35百万 元，2024年同期基本亏损约人民币28百万元。于2025年6月30日集团的净资本负债比率约为130.8%（于 2024年12月31日：110.2%）。 ...

Group 1 - The company reported a revenue of 827 million yuan, representing a year-on-year increase of 0.7% [1] - The net loss for the period was 37.294 million yuan, which is an increase of 29.3% compared to the previous year [1] - The basic loss per share was 0.043 yuan [1] Group 2 - The increase in total revenue was primarily due to the real estate business, specifically the delivery of Tianbao Smart City in 2025, which contributed to the revenue growth [1]

[Financial Highlights](index=1&type=section&id=%E8%B2%A1%E5%8B%99%E6%91%98%E8%A6%81) [Unaudited Interim Results Announcement for the Six Months Ended June 30, 2025](index=1&type=section&id=%E6%88%AA%E8%87%B32025%E5%B9%B46%E6%9C%8830%E6%97%A5%E6%AD%A2%E5%85%AD%E5%80%8B%E6%9C%88%E7%9A%84%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE%E5%85%AC%E5%91%8A) The company announced unaudited interim results for the six months ended June 30, 2025, reporting **RMB 827,345 thousand** in total revenue, a slight increase, and a basic loss of **RMB 34,931 thousand**, with no interim dividend recommended | Indicator | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | Revenue | 827,345 | 821,251 | | - Construction Contracting Business | 700,061 | 706,952 | | - Property Development and Other Businesses | 127,284 | 114,299 | | - Health and Wellness Business | – | – | | Gross Profit | 39,439 | 35,050 | | Basic Loss | (34,931) | (27,784) | | Reported Loss | (37,294) | (28,848) | | Loss Per Share (RMB) | (0.043) | (0.036) | - The Board resolved **not to declare an interim dividend** for the six months ended June 30, 2025 (2024: nil)[2](index=2&type=chunk) [Condensed Interim Consolidated Financial Statements](index=2&type=section&id=%E4%B8%AD%E6%9C%9F%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8) [Condensed Interim Consolidated Statement of Profit or Loss](index=2&type=section&id=%E4%B8%AD%E6%9C%9F%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E8%A1%A8) For the six months ended June 30, 2025, the company's revenue was **RMB 827,345 thousand**, with a gross profit of **RMB 39,439 thousand**, and a loss for the period of **RMB 37,294 thousand**, an increase from **RMB 28,848 thousand** in the prior year | Indicator | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | Revenue | 827,345 | 821,251 | | Cost of Sales | (787,906) | (786,201) | | Gross Profit | 39,439 | 35,050 | | Other Income and Gains | 1,213 | 9,414 | | Selling and Distribution Expenses | (123) | (3) | | Administrative Expenses | (48,484) | (30,144) | | Fair Value Gain on Financial Assets at Fair Value Through Profit or Loss | 9,536 | 1,376 | | Other Expenses | (542) | (2,363) | | Finance Costs | (30,689) | (37,968) | | Loss Before Tax | (29,650) | (24,638) | | Income Tax Expense | (7,644) | (4,210) | | Loss for the Period | (37,294) | (28,848) | | Basic and Diluted Loss Per Share (RMB) | (0.043) | (0.036) | [Condensed Interim Consolidated Statement of Comprehensive Income](index=3&type=section&id=%E4%B8%AD%E6%9C%9F%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) For the six months ended June 30, 2025, the company's loss for the period was **RMB 37,294 thousand**, with total comprehensive loss for the period expanding to **RMB 36,418 thousand** due to exchange differences and fair value changes in equity investments | Indicator | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | Loss for the Period | (37,294) | (28,848) | | Other Comprehensive Income (that may be reclassified to profit or loss in subsequent periods) | | | | - Exchange differences on translation of foreign operations | 330 | (217) | | Other Comprehensive Income (that will not be reclassified to profit or loss in subsequent periods) | | | | - Equity investments designated at fair value through other comprehensive income: fair value changes | 546 | – | | Other comprehensive income for the period, net of tax | 876 | (217) | | Total comprehensive income for the period | (36,418) | (29,065) | [Condensed Interim Consolidated Statement of Financial Position](index=4&type=section&id=%E4%B8%AD%E6%9C%9F%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) As of June 30, 2025, the company's total assets decreased to **RMB 6,099,285 thousand**, with net current assets turning positive and total liabilities slightly decreasing, resulting in net assets of **RMB 843,879 thousand** | Indicator | June 30, 2025 (RMB '000) | Dec 31, 2024 (RMB '000) | Change | | :--- | :--- | :--- | :--- | | **Total Non-current Assets** | **1,845,829** | **1,815,895** | **+1.65%** | | **Total Current Assets** | **4,253,456** | **4,429,456** | **-3.97%** | | **Total Current Liabilities** | **4,091,752** | **4,753,909** | **-13.93%** | | **Net Current Assets (Liabilities)** | **161,704** | **(324,453)** | **From negative to positive** | | **Total Assets Less Current Liabilities** | **2,007,533** | **1,491,442** | **+34.60%** | | **Total Non-current Liabilities** | **1,163,654** | **636,944** | **+82.69%** | | **Net Assets** | **843,879** | **854,498** | **-1.24%** | | **Total Equity** | **843,879** | **854,498** | **-1.24%** | [Notes to the Condensed Interim Consolidated Financial Statements](index=6&type=section&id=%E4%B8%AD%E6%9C%9F%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8%E9%99%84%E8%A8%BB) [Company and Group Information](index=6&type=section&id=%E5%85%AC%E5%8F%B8%E5%8F%8A%E9%9B%86%E5%9C%98%E8%B3%87%E6%96%99) The company is an exempted limited company incorporated in the Cayman Islands, with its ultimate holding company being Auspicious International Industrial Limited, and the Group is primarily engaged in construction contracting, property development, and health and wellness businesses - The Company is incorporated in the Cayman Islands, with its ultimate holding company being Auspicious International Industrial Limited (incorporated in the British Virgin Islands)[7](index=7&type=chunk)[8](index=8&type=chunk) - The Group is principally engaged in construction contracting, property development, and health and wellness businesses[8](index=8&type=chunk) [Basis of Preparation and Changes in Accounting Policies](index=6&type=section&id=%E7%B7%A8%E8%A3%BD%E5%9F%BA%E6%BA%96%E5%8F%8A%E6%9C%8

Core Viewpoint - China Tianbao Group (01427.HK) expects a net loss of between RMB 35 million and RMB 45 million for the six months ending June 30, 2025, compared to a net loss of RMB 29 million for the six months ending June 30, 2024, primarily due to initial startup costs and operational expenses related to its health and wellness business [1]. Financial Summary - Expected net loss for the six months ending June 30, 2025: RMB 35 million to RMB 45 million [1] - Previous net loss for the six months ending June 30, 2024: RMB 29 million [1]

智通财经APP讯，中国天保集团(01427)公布，预期该集团于2025年上半年取得净亏损3500万至4500万 元，2024年上半年净亏损2900万元。 董事局相信，该期间取得亏损主要归因于集团康养业务初始启动成本及其他康养业务营运成本。 ...

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 TIANBAO GROUP DEVELOPMENT COMPANY LIMITED 中國天保集團發展有限公司 盈利預警 本 公 告 乃 由 中 國 天 保 集 團 發 展 有 限 公 司（「本公司」，連 同 其 附 屬 公 司，合 稱「本 集 團」）根 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則（「上市規則」）第13.09(2)(a)條 及香港法例第571章證券及期貨條例第XIVA部 項 下 內 幕 消 息 條 文（定 義 見 上 市 規 則）作 出。 本 公 司 董 事 局（「董事局」）謹 此 知 會 本 公 司 股 東（「股 東」）及 潛 在 投 資 者，基 於 本 集團截至2025年6月30日 止 六 個 月（「該期間」）未 經 審 核 綜 合 管 理 賬 目 及 本 公 司 管 理 層 目 前 可 得 ...

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。 董事局主席兼執行董事 CHINA TIANBAO GROUP DEVELOPMENT COMPANY LIMITED 中國天保集團發展有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1427） – 1 – 由於清盤令是在申女士及李先生各自擔任華南城非執行董事及獨立非執行董 事 期 間 針 對 華 南 城 而 作 出，因 此 清 盤 令 構 成 本 公 司 根 據 上 市 規 則 第13.51(2)(l)及 13.51B(2)條 須 披 露 的 事 件。申 女 士 及 李 先 生 各 自 已 向 本 公 司 確 認，除 本 公 告 所 披 露 者 外，(i)概無其他資料須按上市規則第13.51(2)(h)至(v)條 予 以 披 露，而(ii)彼 亦 不 知 悉 任 何 其 他 資 料 須 提 請 本 公 司 及 其 股 東 垂 注。 承董事局 ...