Core Viewpoint - China Metal Resources Utilization (01636) reported a significant decline in revenue and an increase in losses for the six months ending June 30, 2025, primarily due to insufficient operating capital and unfavorable conditions in the real estate sector [1] Financial Performance - The company achieved a revenue of 341 million yuan, representing a year-on-year decrease of 24.96% [1] - The loss attributable to shareholders was 208 million yuan, a year-on-year decrease of 6.16% [1] - The loss per share was 0.46 yuan [1] Sales and Operations - The company sold 4,877 tons of recycled copper products, generating sales revenue of 339 million yuan from these products [1] - The communication cable and power distribution cable businesses have not resumed operations due to a lack of operating capital and poor market conditions in the real estate sector [1] - Most products have been sold, and the company anticipates a recovery in these two downstream businesses once sufficient operating capital is obtained and the real estate market stabilizes [1]

Core Viewpoint - China Metal Resources Utilization (01636.HK) reported a decrease in revenue and a slight reduction in losses for the six months ending June 30, 2025, compared to the same period in 2024 [1] Financial Performance - Revenue for the six months ending June 30, 2025, is expected to decrease from approximately RMB 454 million to about RMB 341 million [1] - Losses for the same period are projected to decrease from approximately RMB 222 million in 2024 to around RMB 208 million in 2025 [1]

Financial Performance - Revenue for the six months ended June 30, 2025, was RMB 340,852,000, a decrease of 25% compared to RMB 454,200,000 for the same period in 2024[4] - Gross loss for the period was RMB 2,317,000, significantly improved from a gross loss of RMB 33,792,000 in the previous year[4] - The company reported a pre-tax loss of RMB 208,066,000, slightly improved from a pre-tax loss of RMB 221,660,000 in 2024[4] - Basic and diluted loss per share for the period was RMB 0.46, compared to RMB 0.49 in the same period last year[4] - Other net income and gains for the period were RMB 2,879,000, down from RMB 33,708,000 in 2024[4] - The company recorded net losses of approximately RMB 208.07 million and RMB 221.74 million for the periods ending June 30, 2025, and June 30, 2024, respectively[9] - The company reported a total pre-tax loss of RMB 208,066 thousand for the six months ending June 30, 2025, compared to RMB 221,660 thousand in 2024, showing a slight improvement[22] - The loss attributable to equity shareholders for the six months ended June 30, 2025, was RMB 208.066 million, a decrease from RMB 221.735 million for the same period in 2024[35] - The net loss for the six months ended June 30, 2025, was RMB 208 million, a slight improvement from a loss of RMB 222 million in the same period of 2024[59] Assets and Liabilities - Total non-current assets decreased to RMB 535,181,000 from RMB 549,506,000 as of December 31, 2024[5] - Current liabilities increased to RMB 5,429,378,000 from RMB 5,244,623,000 as of December 31, 2024[6] - Net current liabilities rose to RMB 4,897,048,000 compared to RMB 4,711,009,000 in the previous year[6] - Total equity remained negative at RMB (4,361,867,000), worsening from RMB (4,161,503,000) in 2024[6] - As of June 30, 2025, the company's net current liabilities were approximately RMB 4.90 billion, and net debt was about RMB 4.36 billion[9] - The total interest-bearing borrowings as of June 30, 2025, were RMB 1,652 million, a minor decrease from RMB 1,666 million at the end of 2024[62] - The total net value of assets pledged for financing was RMB 335 million as of June 30, 2025, slightly down from RMB 338.8 million at the end of 2024[66] Sales and Revenue Breakdown - For the six months ending June 30, 2025, total sales amounted to RMB 340,852 thousand, a decrease from RMB 454,200 thousand for the same period in 2024, representing a decline of approximately 25%[27] - The sales of recycled copper products for the six months ending June 30, 2025, were RMB 339,422 thousand, down from RMB 445,883 thousand in 2024, indicating a decrease of about 24%[27] - The sales of copper products amounted to RMB 339 million, down 24% from RMB 446 million in the previous year, reflecting a 30% decrease in sales volume from 7,004 tons to 4,877 tons[58] - The sales of power distribution cables increased to RMB 543 thousand in the six months ending June 30, 2025, from RMB 177 thousand in 2024, marking a growth of approximately 206%[27] Debt and Restructuring - The company faced significant financial challenges, including unpaid interest-bearing bank loans of approximately RMB 1.63 billion and other debts of about RMB 24 million as of June 30, 2025[9] - The company is undergoing debt restructuring involving its subsidiaries, with the first creditors' meeting for the restructuring held on March 28, 2023[9] - The company has submitted voluntary bankruptcy restructuring applications for several subsidiaries, including Taiyue, which was accepted by the court on May 23, 2023[10] - The company is actively seeking new financing arrangements, including issuing convertible bonds to raise new funds[15] - The company is negotiating with creditors for debt extensions and is working to maintain positive relationships with suppliers while reducing operational scale[16] - The company has initiated voluntary bankruptcy restructuring applications for its subsidiaries, including Tongxin and Jinxun, to address existing debts[50] - The restructuring is seen as a strategic move to enhance the overall financial condition of the company and its subsidiaries[49] Operational Challenges and Strategies - The company continues to focus on the production and trading of copper, aluminum, and related products, with no new product launches or market expansions reported[7] - The company is implementing cost control measures to improve cash flow and maintain sufficient liquidity through working capital management[15] - The company is addressing ongoing litigation to lift bank account freezes and the seizure of assets, including properties and inventory[15] - The company is committed to leveraging its strengths to benefit from the anticipated growth in copper demand[48] - The company believes that despite short-term operational and financial impacts from the restructuring, the long-term business outlook remains optimistic due to strong future demand for copper[48] - The company is facing challenges in the copper market due to a mismatch in inventory and reduced demand from the U.S., which is expected to exert downward pressure on copper prices in the second half of the year[47] Government Support and Subsidies - The company received local government subsidies amounting to RMB 211.797 million as immediate financial assistance for its operating subsidiaries in China[39] - The company received government subsidies totaling RMB 19 thousand for the six months ending June 30, 2025, down from RMB 20,300 thousand in 2024[31] Corporate Governance - The company has adopted a code of conduct for directors regarding securities trading, which complies with the standards set out in the listing rules[76] - The company has taken measures to strengthen internal controls and will provide training to directors regarding compliance with listing rules[78] - The company continues to review and enhance its corporate governance practices to ensure compliance with the corporate governance code[80]

Core Viewpoint - China Metal Resources Utilization (01636.HK) will hold a board meeting on August 29, 2025, to approve the interim results for the six months ending June 30, 2025, and to address any other matters if necessary [1] Group 1 - The board meeting is scheduled for August 29, 2025 [1] - The meeting will focus on approving the group's interim performance for the six months ending June 30, 2025 [1] - Other business matters may also be addressed during the meeting [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分內容而產 生或因倚賴該等內容而引致的任何損失承擔任何責任。 香港，二零二五年八月十五日 於本公告刊發日期，董事會成員包括四位執行董事，分別為俞建秋先生(主席)、鄺偉信先 生、高強先生及朱玉芬女士；以及三位獨立非執行董事，分別為李偉先生、方光華先生及 俞礽忠 先生。 （股份代號: 1636） 董事會會議召開日期 中國金屬資源利用有限公司(「本公司」，連同其附屬公司統稱「本集團」)董事會（「董事 會」）謹此宣佈，本公司將於二零二五年八月二十九日（星期五）舉行董事會會議，藉以 （其中包括）批准本集團截至二零二五年六月三十日止六個月中期業績及其刊發，以及處 理任何其他事務（如有）。 承董事會命 中國金屬資源利用有限公司 俞建秋先生 主席 CHINA METAL RESOURCES UTILIZATION LIMITED 中 國 金 屬 資 源 利 用 有 限 公 司 （於開曼群島註冊成立之有限公司） ...

FF301 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: 中國金屬資源利用有限公司（於開曼群島註冊成立之有限公司） 呈交日期: 2025年8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) | 01636 | 說明 | | | | | | | | | | 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 | | 1 HKD | | 10,000,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 1 HKD | | 10,000,000,000 | ...

格隆汇7月31日｜港股市场铜概念股集体下跌，其中，中国大冶有色金属跌超6%，江西铜业(600362)股 份跌超3%，兴业合金、中国黄金国际、中国金属利用跌超2%，五矿资源跌近2%。消息面上，美国总统 特朗普意外宣布，对铜加征新关税中，美国期铜大泻两成，创史上最大单日跌幅。 （责任编辑：宋政 HN002） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com | 代码 | 名称 | 涨跌幅 ^ | 最新价 | 总市值 | | --- | --- | --- | --- | --- | | 00661 | 中国大冶有色金属 | -6.45% | 0.058 | 10.38亿 | | 00358 | 江西铜业股份 | -3.85% | 15.980 | 553.34亿 | | 00505 | 兴业台等 | -2.94% | 0.990 | 8.91亿 | | 01258 | 中国有色矿业 | -2.65% | 7.7 ...

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 METAL RESOURCES UTILIZATION LIMITED 中國金屬資源利用有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1636） 有關對本公司截至二零二四年十二月三十一日止年度的 財務報表之無法表示意見 本公司核數師對本公司截至二零二四年十二月三十一日止年度之財務報表的持續經 營問題出具無法表示意見（「無法表示意見」）。本公告旨在向投資者提供最新資料， 以便彼等知悉本公司解決無法表示意見事宜的措施。 目前為止，本公司營運附屬公司綿陽銅鑫銅業有限公司（「銅鑫」）、綿陽金循環金屬 材料有限公司（「金循環」）、綿陽保和泰越通信線纜有限公司（「泰越」）、湖南銀聯湘 北銅業有限公司（「銀聯湘北」）及湖北融晟金屬製品有限公司（「湖北融晟」）根據《中 華人民共和國企業破產法》適用條文正與現有債權人進行重整（「債務重整」）。本公 司已計劃並預期該等附屬公司（「相關附屬公司」）的債務 ...

Stock Options - The total number of stock options available under the 2014 stock option plan was 345,602,006 shares as of January 1, 2024, representing 7.71% of the total issued shares at that time[6]. - By December 31, 2024, the total number of stock options available under the same plan decreased to 0 shares, indicating the plan's expiration[6]. - A total of 141,883,334 stock options were granted across all categories, with 139,800,000 remaining after accounting for cancellations[5]. - The exercise price for options granted to directors was HKD 0.465, while the share price at the time of grant was HKD 0.168[3]. - The company reported a cancellation of 2,083,334 stock options during the year, reflecting adjustments in the stock option plan[5]. - The stock options granted to employees (excluding directors) totaled 107,075,000, with 105,800,000 remaining after cancellations[5]. - The 2014 stock option plan expired on January 28, 2024, with no further options available thereafter[6]. Governance - The board of directors consists of four executive directors and three independent non-executive directors, ensuring a diverse governance structure[7]. Future Outlook - The company has not disclosed any new product developments or market expansion strategies in the current report[6]. - The company has not provided specific future performance guidance or outlook in the current announcement[6].

Company Overview - China Metal Resources Utilization Co., Ltd. specializes in the processing of recycled copper and was listed on the Hong Kong Stock Exchange in February 2014, with a market capitalization of 12 billion HKD [4] - The company has established multiple industrial bases across various provinces in China and fully owns over 20 subsidiaries involved in copper processing [4] - It has a production capacity of 880,000 tons for copper melting, 80,000 tons for deep processing, and 500,000 tons for standardized waste copper processing, forming a complete industrial chain from resource recovery to manufacturing [4] Financial Performance - As of December 31, 2024, the company reported total revenue of 468 million CNY, a year-on-year decrease of 44.13%, and a net profit attributable to shareholders of -652 million CNY, an increase of 19.03% year-on-year [2] - The gross profit margin stands at -6.57%, with a debt-to-asset ratio of 484.21% [2] Market Position and Valuation - The company's price-to-earnings (P/E) ratio is -0.19, ranking 66th in the industry, while the average P/E ratio for the general metals and minerals industry is -3.69 [3] - The company has not received any investment rating suggestions from institutions [3] Industry Context - The company operates within the broader context of the green economy and has established a comprehensive e-commerce platform for transaction settlement in the recycling industry [4] - It has received multiple honors, including being listed among the "Top 500 Private Enterprises in China" and "Top 100 Private Enterprises in Sichuan" [4]