Group 1 - China announced a new round of national contributions aiming for a 7%-10% reduction in greenhouse gas emissions by 2035, with non-fossil energy consumption exceeding 30% of total energy consumption [1] - The total installed capacity of wind and solar power is targeted to reach over 360 million kilowatts, six times that of 2020 [1] - The national carbon trading market will cover major high-emission industries, contributing to the establishment of a climate-adaptive society [1] Group 2 - Guilin's non-fossil energy installed capacity reached 6.38 million kilowatts, accounting for 87.7% of the total, supporting the near-zero carbon demonstration zone in the Li River core scenic area [2] - The Southern Power Grid has established a carbon monitoring platform and a zero-carbon virtual power plant, providing digital carbon bills to 14,000 users [2] - The "electricity + cultural tourism" model has become a world-class zero-carbon example, with 1,200 bamboo rafts converting from oil to electricity, reducing carbon emissions by 2,493 tons annually [2] Group 3 - The 2025 Huaxia ESG Management System Conference emphasized the importance of ESG in achieving China's dual carbon goals and enhancing corporate governance [5] - There is a need for improved legislation in the ESG field to ensure the effective implementation of ESG principles [5] Group 4 - The 10th Comprehensive Coal Control Conference highlighted that China has reduced scattered coal by approximately 600 million tons over the past decade, with clean heating rates in northern regions rising from below 30% to over 80% [10] - Challenges remain in scattered coal governance in northwest and northeast regions, and there is a need for a sustainable mechanism to support rural energy transformation [10] Group 5 - China’s average temperature in September was 18.2°C, 1.0°C higher than the historical average, marking the fourth highest since 1961 [8] - The average precipitation was 80.1 mm, 32.4% above the historical average, indicating significant weather changes [8] Group 6 - China’s carbon finance and tokenization ecosystem is being developed through a strategic partnership between Zhonghuan New Energy and Ant Group, focusing on renewable asset tokenization and carbon asset services [14] - The collaboration aims to enhance liquidity and reduce financing costs for green assets, while also attracting global ESG investments [14]

Group 1 - Southbound funds increased their holdings in China Silicon Corporation (01735.HK) by 258,000 shares on September 26, 2025, marking a 0.37% change [1][2] - Over the past five trading days, there were four days of net increases in holdings, totaling 5.622 million shares [1] - In the last 20 trading days, there were 14 days of net increases, accumulating to 13.567 million shares [1] Group 2 - As of now, southbound funds hold 70.295 million shares of China Silicon Corporation, representing 1.65% of the company's total issued ordinary shares [1] - The company operates through five business segments, including renewable energy and engineering, green building, health and medical, food supply chain, and smart energy management services [2] - The renewable energy and engineering segment focuses on the production and sales of photovoltaic products, while the green building segment provides construction and property management services [2]

Core Viewpoint - The company operates in the renewable energy and engineering sectors, with a focus on various business segments including renewable energy, construction, healthcare, and smart energy management services. The financial performance shows fluctuations in revenue and net profit growth rates over the years, indicating potential areas for investment and operational adjustments [9][12][13]. Financial Performance - The company's revenue and net profit growth rates have shown significant changes, with a projected revenue of 41.275 billion HKD from the renewable energy and EPC segment in 2024 [18]. - In the first half of 2025, the average return on equity was 1.93%, a decrease of 2.9 percentage points compared to the same period last year [21]. - The revenue composition for the first half of 2025 indicates that the renewable energy and EPC segment contributed 33.106 billion HKD, while the healthcare segment contributed 9.253 billion HKD [15][18]. Asset and Liability Changes - As of the first half of 2025, the company's cash and cash equivalents decreased by 51.29%, while the right-of-use assets increased by 7651.97% [27]. - Short-term borrowings decreased by 14.94%, while accounts payable increased by 109.56% [30]. - The company's current ratio was 1.05 and the quick ratio was 0.97, indicating liquidity management [34]. Asset Turnover Ratios - The company's total asset turnover ratio has shown a downward trend, with a ratio of 1.73 times in 2021 and a projected decrease in subsequent years [23]. - The fixed asset turnover ratio was recorded at 5.66 times in 2021, indicating efficiency in utilizing fixed assets [24]. - The accounts receivable turnover ratio was 6.03 times in 2021, reflecting the company's effectiveness in managing receivables [24]. Debt Management - The company's debt-to-asset ratio has fluctuated, with a recorded ratio of 66.49% in 2023, indicating a relatively high level of leverage compared to industry averages [32]. - Long-term borrowings decreased by 20.73%, while lease liabilities increased significantly, suggesting a shift in financing strategy [30]. Revenue and Profit Trends - Historical revenue and net profit growth rates indicate a volatile performance, with significant year-on-year changes [12][16]. - The company has experienced both revenue growth and declines in net profit margins, highlighting the need for strategic adjustments [13][16]. Human Capital Efficiency - The average revenue per employee has shown fluctuations, with a notable decrease in recent years, indicating potential challenges in workforce productivity [18]. - The average profit per employee also reflects a downward trend, suggesting a need for operational efficiency improvements [18].

中環新能源控股集團有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1735) (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：1735） CENTRAL NEW ENERGY HOLDING GROUP LIMITED NOTIFICATION LETTER 通知信函 26 September 2025 Dear non-registered holders (1) 如 閣下欲收取本次公司通訊文件之印刷本，請填妥在本信函背面的申請表格，並使用申請表格底部之郵寄標籤經本公司的香港股份過戶登 記分處寶德隆證券登記有限公司（「香港股份過戶登記分處」）寄回本公司（如在香港內投寄，毋須貼上郵票；否則，請貼上適當的郵票）。香港 股 份 過 戶 登 記 分 處 地 址 為 香 港 北 角 電 氣 道 1 4 8 號 2 1 樓 2 1 0 3 B 室 。 閣 下 亦 可 把 已 填 ...

CENTRAL NEW ENERGY HOLDING GROUP LIMITED 中環新能源控股集團有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1735) (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：1735） NOTIFICATION LETTER 通知信函 26 September 2025 Dear registered shareholders, Central New Energy Holding Group Limited (the "Company") — Notice of Publication of 2025 Interim Report (the "Current Corporate Communication(s)") The English and Chinese versions of the Current Corporate ...

目錄 | 公司資料 | 2 | | --- | --- | | 管理層討論及分析 | 4 | | 簡明綜合中期財務報表 | 12–18 | | — 簡明綜合中期損益及其他全面收益表 | 12 | | — 簡明綜合中期財務狀況表 | 14 | | — 簡明綜合中期權益變動表 | 17 | | — 簡明綜合中期現金流量表 | 18 | | — 簡明綜合中期財務報表附註 | 19 | | 企業管治及其他資料 | 38 | 公司 資料 董事會 執行董事 余竹雲先生 （主席兼行政總裁） 李夢琳先生 非執行董事 喬曉戈先生 朱玉娟女士 獨立非執行董事 王文星先生 （首席獨立非執行董事） 李祥林博士 周春生博士 審核委員會 王文星先生 （主席） 喬曉戈先生 李祥林博士 薪酬委員會 李祥林博士 （主席） 朱玉娟女士 周春生博士 提名委員會 余竹雲先生 （主席） 朱玉娟女士 王文星先生 周春生博士 李祥林博士 公司秘書 佟達釗先生 授權代表 余竹雲先生 佟達釗先生 開曼群島註冊辦事處 Windward 3, Regatta Office Park PO Box 1350 Grand Cayman KY1-1108 Cayman ...

Group 1 - Investopia hosted its first summit in China, focusing on investment opportunities in clean energy, tourism, smart manufacturing, fintech, and AI [2][3] - The roundtable discussion emphasized joint investments in solar, wind, and hydrogen energy to accelerate global carbon neutrality [3][5] - The chairman of Zhonghuan New Energy Holdings Group announced plans to build 100 zero-carbon industrial parks in the next five years, aiming for an annual global carbon reduction of 800 million tons [3][5] Group 2 - Zhonghuan New Energy has formed strategic partnerships with global chemical giants like Honeywell UOP and Icelandic carbon recycling company CRI, gaining a leading edge in green methanol and sustainable aviation fuel technologies [5] - The company is initiating the construction of global zero-carbon industrial parks, collaborating with over ten countries including Germany, UAE, and India, to apply its technology in energy projects across the Middle East and Southeast Asia [5] - Zhonghuan aims to integrate global resources and promote deep cooperation in downstream fields like green methanol and sustainable aviation fuel, positioning itself as a key player in China-UAE green energy collaboration [5]

Core Viewpoint - The strategic partnership between Zhonghuan New Energy and Ant Group marks a significant shift in the Chinese renewable energy sector from "heavy asset operation" to "digital asset management" [1] Group 1: Strategic Partnership - Zhonghuan New Energy announced a strategic cooperation with Ant Group to jointly develop renewable asset tokenization (RWA), smart operations, and carbon asset services [1] - This collaboration signifies a transition in the industry towards digital asset management, leveraging technology to enhance operational efficiency [1] Group 2: Financial and Operational Transformation - Zhonghuan New Energy's low debt levels and robust financial foundation support the asset tokenization initiative [1] - The company's green physical assets, such as photovoltaic power stations and zero-carbon parks, will serve as core underlying assets for tokenization on the Ant blockchain [1] - The operational management model is evolving from traditional human experience reliance to an AI-driven decision-making system [1] Group 3: Future Outlook - Through RWA, Zhonghuan New Energy aims to connect global capital channels and enhance operational efficiency using AI [1] - The company is transitioning towards a light-asset, high-value, and digitally driven model, positioning itself as a leader in the green digital energy era [1]

Core Viewpoint - Zhonghuan New Energy (1735.HK) has announced a strategic partnership with Ant Group to jointly develop renewable asset tokenization (RWA), smart operations, and carbon asset services, indicating a shift in the Chinese renewable energy sector from "heavy asset operations" to "digital asset management" [1] Group 1: Strategic Partnership - The collaboration with Ant Group marks a significant transition for Zhonghuan New Energy, positioning it as a provider and manager of technology-driven digital green assets rather than just a traditional energy seller [1] - The partnership aims to create a closed loop of "green physical assets - on-chain tokens - global capital" [1] Group 2: Financial and Operational Transformation - Zhonghuan New Energy's low debt levels and robust financial foundation support the asset tokenization initiative [1] - The company's green physical assets, including photovoltaic power stations and zero-carbon parks, will serve as core underlying assets for tokenization on the Ant blockchain [1] - The operational management model is evolving from reliance on "manual experience" to a precision decision-making system driven by AI [1] Group 3: Future Outlook - Through RWA, Zhonghuan New Energy aims to unlock global capital channels and enhance operational efficiency via AI, gradually transforming into a light-asset, high-value, digital-driven "green energy asset manager" [1] - The company is positioned to become a leading player in the green digital energy era [1]

Core Insights - Zhonghuan New Energy (1735.HK) announced a strategic partnership with Ant Group to jointly develop new energy asset tokenization (RWA), smart operations, and carbon asset services, aiming to create a closed-loop ecosystem that integrates green energy entities, digital technology, and global financial capital [1] Group 1: Strategic Collaboration - The partnership will utilize Ant Chain technology to convert Zhonghuan's photovoltaic power stations and zero-carbon parks into tokenized digital assets, enhancing liquidity and reducing financing costs while attracting global ESG funds [1] - Zhonghuan will also participate in Ant's overseas new energy industry fund, transitioning from a partner to a capital and industry collaborator, thereby increasing its ecological influence [1] Group 2: Operational Efficiency - Ant Energy AI will empower generation forecasting, virtual power plant scheduling, and operational optimization, significantly improving operational efficiency and profitability [1] Group 3: Carbon Asset Development - In the carbon asset sector, the collaboration aims to establish a technology-enabled closed loop of "AI accounting - smart trading - financialization," facilitating the trading and financing of green certificates and carbon reduction credits, thus creating a secondary revenue stream beyond electricity sales [1]