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 ...

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 （於開曼群島註冊成立的有限公司） （股份代號：1427） 有關截至2024年12月31日止年度之年報之補充公告 於2024年 年 報 日 期，根 據 購 股 權 計 劃 可 供 發 行 之 股 份 為60,000,000股，佔 本 公 司 已 發 行 股 份（不 包 括 庫 存 股 份）之6.83%。 – 1 – 上述資料不會影響2024年 年 報 所 載 之 任 何 其 他 資 料。除 上 述 所 披 露 者 外，2024 年 年 報 所 載 之 所 有 其 他 資 料 維 持 不 變。 承董事局命 中國天保集團發展有限公司 董事局主席兼執行董事 李保田 香 港，2025年8月8日 茲 提 述 中 國 天 保 集 團 發 展 ...

Group 1 - The company, China Tianbao Group (01427.HK), announced that it will hold a board meeting on August 20, 2025, to consider and approve the interim results for the six months ending June 30, 2025 [1] - The meeting will also discuss the potential declaration of an interim dividend, if applicable [1]

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） 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 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之任何損失承擔任何責 任。 香 港，2025年8月8日 於 本 公 告 日 期，本 公 司 執 行 董 事 為 李 保 田 先 生、申 麗 鳳 女 士、王 新 玲 女 士、李 亞 睿 鑫 先 生、王 慧 杰 女 士 及 臧 凜 先 生；及 本 公 司 獨 立 非 執 行 董 事 為 侯 亮 先 生、 李 清 旭 先 生 及 李 煦 先 生。 董事局會議召開日期 中 國 天 保 集 團 發 展 有 限 公 司（「本公司」）董 事 局（「董事局」）謹 此 宣 佈，本 公 司 將 於2025年8月20日（星 期 三）舉 行 董 事 局 會 議，藉 以（其 中 包 括）考 慮 及 批 准 本 公 司 及其附 ...

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: 中國天保集團發展有限公司 呈交日期: 2025年8月6日 II. 已發行股份及/或庫存股份變動 | 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 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 877,936,000 | | 0 | | 877,936,000 | | 增加 / 減少 (-) | | | 0 | | | | | | 本月底結存 | | | 877,936,000 | | 0 | | 877,936,000 | 第 2 頁 共 10 頁 v 1.1.1 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股 ...

Corporate Recognition and Awards - China Tianbao Group Development Company Limited has been recognized as the Most Socially Responsible Listed Company by Zhitongcaijing[16] - The company achieved a Corporate Credit Rating of 3A from the China Construction Industry Association[17] - It received a Four-star National Customer Satisfaction rating from the China Association for Quality[17] - In 2024, the company was named a Typical Enterprise of Engineering and Construction Integrity by the China Association of Construction Enterprise Management[17] - The company was awarded the 2024 Outstanding Case of Corporate Culture Construction in Engineering Construction by the China Association of Construction Enterprise Management[17] - It was recognized as an Advanced Unit in Emergency Management and Safety Production in Hebei Province for 2023[17] - The company was awarded the 6th Outstanding Folk Culture Industry in Hebei Province by the Hebei Folk Culture Association[17] - In 2024, it was recognized as an Advanced Enterprise of Hebei Building Decoration Industry Association[17] - The company holds a Certificate of Member of the Standing Committee of Hebei Building Decoration Industry Association[17] Financial Performance - For the year ended December 31, 2024, the Group's revenue was approximately RMB2,036 million, representing a decrease of 25.1% compared to RMB2,717 million in 2023[54] - The underlying loss of the Group was approximately RMB162 million, contrasting with an underlying profit of RMB31 million in 2023[54] - The reported loss of the Group amounted to approximately RMB166 million, compared to a reported profit of approximately RMB11 million in 2023[55] - The decrease in property revenue, gross profit, and delivered area was primarily due to the weak real estate market in China[55] - The Group's revenue for the year ended December 31, 2024, decreased by 25.1% to approximately RMB2,036 million, down from RMB2,717 million in 2023[61] - Revenue from the construction contracting business decreased by 13.9% from approximately RMB2,170 million in 2023 to approximately RMB1,868 million in 2024[162][165] - The Group's gross profit decreased by 66.0% from approximately RMB162 million for the year ended December 31, 2023, to approximately RMB55 million for the year ended December 31, 2024, resulting in a gross margin of approximately 2.7%[177] - The construction contracting business's gross profit increased from approximately RMB100 million in 2023 to approximately RMB107 million in 2024, maintaining a stable gross margin[177] Project Development and Contracts - The Company signed cooperation contracts in 16 regions and established 6 new branches, securing 172 projects throughout the year[32] - The aggregate backlog of construction projects as of December 31, 2024, was approximately RMB8,402.3 million[72] - The new contract value for the year ended December 31, 2024, was RMB2,328.8 million, up from RMB1,989.5 million in 2023, indicating a growth of about 17.0%[112] - The building construction segment represented 28.2% of the total contract value in the backlog for 2024, down from 38.0% in 2023[106] - The industrial, commercial, and infrastructure construction segment increased to 71.8% of the total contract value in the backlog for 2024, up from 62.0% in 2023[106] Real Estate and Property Development - The Group's property development portfolio consists of 20 projects, with 14 completed, 3 under construction, and 3 held for future development as of December 31, 2024[114] - Revenue from property development for the year ended December 31, 2024, was RMB168.1 million, a decrease from RMB546.7 million in 2023, reflecting a decline of approximately 69.3%[117] - The total gross floor area (GFA) of land reserves was approximately 1,000,500 sq.m., with completed properties accounting for 26.2% of total land reserves[114] - The Group's total land reserves amount to 1,000,500 sq.m., with 38.4% located in Zhuozhou and 61.6% in Zhangjiakou[142] Healthcare Initiatives - The healthcare segment is set to integrate comprehensive hospital, nursing care, and elderly care community services, with operations expected to commence before May 2025[47] - The healthcare center successfully signed a cooperation agreement with Beijing Jiaotong University and was unveiled during the Double Ninth Festival in 2024[38] - The project at Jingbei Health City has a total investment of approximately RMB2.55 billion, with RMB1.13 billion invested as of December 31, 2024[156] - The project aims to establish a Continuing Care Retirement Community to provide integrated living facilities and services for the elderly[156] - The elderly population in Beijing reached 22.6% in 2023, indicating a growing demand for elderly care services[145][149] Market Conditions and Challenges - The sales area of newly-built commercial housing in China was 973.85 million sq.m. in 2024, a year-on-year decrease of 12.7%, with residential housing sales area decreasing by 14.1%[22] - The sales amount of newly-built commercial housing was RMB9,675 billion in 2024, reflecting a year-on-year decrease of 17.1%, with residential housing sales amount decreasing by 17.6%[22] - The Group is focused on optimizing project quality and revitalizing stock while ensuring cash flow returns through stringent project selection[50] - The Group's total bank and other loans increased to approximately RMB1,362 million in 2024, compared to RMB1,046 million in 2023[66] Strategic Plans and Future Outlook - The Group plans to explore diversified development models under the "Construction+" strategy to enhance its market layout[45] - The Group is positioned to benefit from national policies supporting the elderly care industry, which is a key focus of government initiatives[146][149] - The project will provide 350 beds for medical treatment and 8,500 beds for elderly healthcare, with the first phase expected to commence business in Q2 2025[156] - The Group continues to engage in high-value construction projects, indicating a strong market position and capability to handle complex projects[88]

集团自1998年起一直从事建筑承包业务，作为楼宇、工业、商业及基础设施建筑项目的总承建商，大部 分收益产生自该业务。截至2024年12月31日止年度，集团主要自京津冀地区(主要位于河北省及北京)的 建筑项目产生大部分建筑承包收益。集团于其他地理位置的建筑项目主要位于内蒙古、安徽省、山东省 及重庆市。截至2024年12月31日止年度，集团新签订合同总额约人民币23.29亿元。于2024年12月31 日，建筑项目的未完成合同总金额为约人民币84.02亿元。 于本报告期间，集团承接大多数该等建筑项目时均以总承建商身份行事。作为总承建商，集团会开展建 筑项目的所有重大方面，包括楼宇建筑、地基工程、幕墙建设、建筑装饰及防火项目。集团亦须负责委 聘分包商为建筑项目提供建筑服务及劳动力、与工程各方协调合作、提供主要设备及机械、采购原材料 及确保建筑工程按时完成。集团相信，作为总承建商承接建筑项目即表明出集团的整体能力且对集团的 持续成功极为重要。于2017年获授特级资质后，集团能够并预期继续能够承接全国範围内复杂程度及回 报均较高的大规模楼宇建筑项目，并能根据集团的服务收取溢价。 智通财经APP讯，中国天保集团(01427 ...

Financial Performance - Revenue for the construction contracting business decreased to RMB 1,867,859,000 from RMB 2,169,878,000, a decline of approximately 13.9%[2] - Revenue from real estate development and other businesses fell to RMB 168,054,000 from RMB 546,711,000, representing a decrease of about 69.4%[2] - The company's gross profit dropped to RMB 54,734,000 compared to RMB 161,913,000, a decline of approximately 66.2%[6] - The net loss for the year was RMB 165,554,000, compared to a profit of RMB 10,990,000 in the previous year, indicating a significant downturn[6] - Basic loss per share was RMB (0.20), compared to earnings of RMB 0.01 per share in the prior year[6] - Total revenue for the year ending December 31, 2024, is reported at RMB 2,169,196,000, with external sales contributing RMB 2,035,913,000[39] - The group’s profit before tax for 2024 was a loss of RMB 165,554 thousand, compared to a profit of RMB 10,990 thousand in 2023, indicating a significant decline in profitability[65] - Total revenue decreased by 25% from approximately RMB 2,717 million for the year ended December 31, 2023, to approximately RMB 2,036 million for the year ending December 31, 2024[139] - Gross profit decreased by 66.2% from approximately RMB 162 million to approximately RMB 55 million, with a gross margin of 2.7% for the year ending December 31, 2024[144] - The group reported a basic loss of approximately RMB 162 million for the year ended December 31, 2024, compared to a basic profit of approximately RMB 31 million for the year ended December 31, 2023[154] Assets and Liabilities - Total assets decreased to RMB 6,245,351,000 from RMB 6,069,129,000, reflecting a reduction of approximately 2.8%[10] - Current liabilities increased to RMB 4,753,909,000 from RMB 4,523,231,000, an increase of about 5.1%[12] - The total equity attributable to the owners of the parent decreased to RMB 854,498,000 from RMB 1,013,971,000, a decline of about 15.7%[12] - As of December 31, 2024, the group's net current liabilities amounted to RMB 324,453,000, with short-term bank and other borrowings totaling RMB 786,621,000, of which RMB 39,870,000 (equivalent to RMB 286,421,000) was overdue[20] - The total liabilities stand at RMB 5,390,853,000, reflecting inter-segment eliminations[39] - The company's total assets were reported at RMB 6,069,129,000, with total liabilities of RMB 5,055,158,000[41] - The group's total interest-bearing bank and other borrowings amounted to RMB 1,361.8 million as of December 31, 2024, compared to RMB 1,045.6 million in 2023[162] - The current ratio decreased to 0.93 as of December 31, 2024, from 0.96 in 2023[165] - The debt-to-equity ratio increased to 159.4% as of December 31, 2024, from 103.1% in 2023[165] Cash Flow and Financing - The company's cash and cash equivalents rose to RMB 213,719,000 from RMB 187,924,000, an increase of approximately 13.8%[10] - The cash and cash equivalents of the group as of December 31, 2024, were RMB 213,719,000, indicating a significant liquidity concern[191] - The group has provided guarantees for mortgage financing amounting to RMB 1,713.4 million as of December 31, 2024 (2023: RMB 1,789.4 million)[168] - Financing costs increased by 2.4% from approximately RMB 71.5 million for the year ended December 31, 2023, to approximately RMB 73.2 million for the year ended December 31, 2024[152] Business Segments - The construction contracting segment generated revenue of RMB 1,867,859,000, while the healthcare segment reported a loss of RMB 110,293,000[39] - The group has reclassified its business segments into three reportable segments: construction contracting, real estate development, and healthcare services[37] - The healthcare segment is focused on developing a continuous care retirement community in Tianbao, Beijing[40] - The group continues to provide construction services for municipal and public infrastructure projects, primarily serving local government entities[88] - The group’s real estate development business includes 20 diversified projects, with 17 residential and commercial properties, 2 investment properties, and 1 hotel, all owned and developed by the company[109] Real Estate Development - Revenue from real estate development for the year ended December 31, 2024, was RMB 168,054,000, a decrease of 69.3% from RMB 546,711,000 in 2023[110] - Residential property sales contributed RMB 155,286,000, representing 92.4% of total revenue in 2024, down from 98.5% in 2023[110] - The Tianbao Green City project in Zhuozhou has launched 874 units, with 840 units sold as of December 31, 2024[112] - The Tianbao New City project in Zhangbei County has a total construction area of approximately 600,000 square meters, with residential units nearly sold out as of December 31, 2024[117] - The Tianbao Platinum Bay project has sold 1,334 out of 1,836 available residential units as of December 31, 2024[122] Healthcare Services - The total investment in the healthcare project is approximately RMB 2.55 billion, with RMB 1.13 billion already invested as of December 31, 2024[doc id='137'] - The healthcare project aims to provide 350 medical beds and 8,500 elderly care beds, with the first phase expected to open in Q2 2025[doc id='137'] - The construction of the second phase of the healthcare project is planned to start in Q1 2026, with completion expected between late 2026 and mid-2027[doc id='137'] - The group aims to establish the largest mid-to-high-end health and wellness industry city in the northwestern region of Beijing[doc id='137'] Corporate Governance and Management - The board of directors did not recommend a final dividend for the year ending December 31, 2024, consistent with the previous year[4] - The company has announced a change in CEO from Mr. Li Baotian to Ms. Shen Lifeng, aligning with corporate governance standards[186] - The audit committee consists of three independent non-executive directors, ensuring proper oversight of financial reporting and internal controls[191] - The company expressed gratitude to shareholders, customers, and partners for their ongoing support and commitment to sustainable business development[195] Market Conditions and Future Outlook - The management acknowledges significant uncertainty regarding the ability to achieve the outlined plans and measures due to the volatility of the Chinese real estate market and the uncertainty of continued support from banks and creditors[21] - The group is actively pursuing opportunities in the elderly care market, which is expected to grow significantly due to the rapid aging of the population[130] - The government has introduced various policies to support the elderly care industry, viewing it as a key area for promoting social welfare and economic restructuring[130]

® TBGD China Tianbao Group Development Company Limited 中國天保集團發展有限公司 ( 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 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2024 中期報告 | INTERIM REPORT | CONTENTS 目 錄 Page 頁 次 | --- | --- | --- | |-------|--------------------------------------------------------------- ...