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 ...

Revenue Performance - The company's total revenue for the reporting period was approximately HKD 4,048.9 million, an increase of about 59.9% compared to the previous period's HKD 2,531.9 million[14]. - Revenue from the New Energy and EPC segment was approximately HKD 3,310.6 million, accounting for about 81.8% of total revenue, up from 66.4% in the previous period[8]. - The health and medical segment reported revenue of approximately HKD 691.8 million, representing 17.1% of total revenue, up from 15.8% in the previous period[11]. - The green building and construction-related business segment's revenue decreased to approximately HKD 42.8 million, down from HKD 409.2 million in the previous period, reflecting a strategic resource reallocation[9]. - The smart energy management services segment's revenue was approximately HKD 3.63 million, a decrease from HKD 36.5 million in the previous period, aligning with the strategic focus on the New Energy and EPC segment[10]. - The restaurant supply chain segment reported zero revenue during the reporting period, down from HKD 5.1 million in the previous period, due to resource reallocation[12]. - For the six months ended June 30, 2025, the company reported total revenue of HKD 4,048,901,000, a significant increase from HKD 2,531,889,000 for the same period in 2024, representing a growth of approximately 60%[52]. - The revenue from the New Energy and EPC segment reached HKD 3,310,610,000, compared to HKD 1,681,392,000 in the previous year, indicating an increase of about 97%[52]. - The Health and Medical segment generated revenue of HKD 691,826,000, up from HKD 399,657,000, reflecting a growth of approximately 73%[52]. Profitability and Expenses - The gross profit for the reporting period was approximately HKD 86.4 million, a 100.1% increase from HKD 43.2 million in the previous period, with a gross margin rising from 1.7% to 2.1%[17]. - The group's profit for the period was approximately HKD 50.0 million, compared to HKD 60.1 million in the previous period, mainly due to increased administrative and other operating expenses[21]. - The total segment profit for the New Energy and EPC segment was HKD 57,715,000, while the overall profit before tax was HKD 51,166,000[55]. - The company's total liabilities rose to HKD 4,218,524,000 from HKD 2,936,941,000, marking an increase of about 43.7%[37]. - Administrative and other operating expenses increased to approximately HKD 96.7 million, a rise of about 9.3% from approximately HKD 88.5 million in the previous period, attributed to increased development costs related to the growth of 3GW photovoltaic components and 6GW N-type photovoltaic cell production lines[19]. Cash Flow and Financial Position - The net cash generated from operating activities for the six months ended June 30, 2025, was HKD 175,489,000, a decrease of 66.5% compared to HKD 521,499,000 for the same period in 2024[39]. - The net cash used in investing activities was HKD 337,373,000, a significant improvement from a cash outflow of HKD 625,983,000 in the previous year[39]. - The company reported a net loss in financing activities of HKD 658,805,000, contrasting with a cash inflow of HKD 551,292,000 in the prior year[39]. - The cash and cash equivalents at the end of the period were HKD 128,999,000, down from HKD 972,681,000 at the end of June 2024, a decrease of 86.8%[39]. - The total assets of the group increased to approximately HKD 6,027.8 million as of June 30, 2025, compared to approximately HKD 4,476.6 million as of December 31, 2024[35]. - The total assets less current liabilities amounted to HKD 2,514,800,000 as of June 30, 2025, compared to HKD 1,861,600,000 at the end of 2024, indicating a growth of approximately 34.9%[37]. - The company's retained earnings increased to HKD 288,074,000 as of June 30, 2025, up from HKD 158,408,000 at the beginning of the year, reflecting a growth of 81.9%[38]. Shareholder and Equity Information - As of June 30, 2025, total equity increased to HKD 1,809,271,000 from HKD 1,539,674,000 as of December 31, 2024, representing a growth of approximately 17.5%[36]. - The total issued and paid-up share capital as of June 30, 2025, was HKD 2,640,000, with 4,224,000 shares issued[12]. - As of June 30, 2025, Central Culture holds 2,890,378,320 shares, representing 68.43% of the company's equity[85]. Corporate Governance and Compliance - The company has maintained compliance with corporate governance codes, although it deviated from a specific provision regarding the dual role of the CEO and Chairman[80]. - The audit committee was established on March 13, 2018, and is composed of one non-executive director and two independent non-executive directors, with the chairman being Mr. Wang Wenxing[94]. - The interim financial results for the reporting period were reviewed and approved by the audit committee, ensuring compliance with applicable accounting standards and regulations[95]. - The company has not disclosed any changes in director information since the last annual report published on April 29, 2025[93]. - The company has maintained sufficient public float as required by the listing rules throughout the reporting period[89]. Strategic Initiatives and Future Plans - The company plans to construct a new 6GW solar cell and 5GW solar module project in Ningxia, expected to be completed by Q2 2026 and operational by the end of 2026[13]. - The company is exploring opportunities in renewable energy markets along the Belt and Road Initiative, leveraging its experience in project development and operation[13]. - The company has invested in high-efficiency N-type solar cells and advanced photovoltaic components, with a total of 3GW of solar modules and 6GW of solar cells expected to be fully operational by the end of 2024[6]. Employee and Management Information - The total employee costs for the period amounted to approximately HKD 68.6 million, compared to approximately HKD 50.7 million in the previous period, reflecting a reduction in workforce from 1,165 to 952 employees[26]. - The company's management compensation for the reporting period was approximately HKD 1,155,000, an increase from HKD 1,094,000 in the previous period, representing a growth of about 5.6%[78]. Risk Management and Financial Instruments - The company has not experienced any significant changes in its risk management policies since the end of the reporting period[46]. - Financial liabilities' undiscounted cash flows have not shown significant changes compared to the reporting period end[47]. - The company’s financial assets measured at fair value include assets classified under Level 1, with no transfers between different fair value levels during the reporting periods[49]. - The company continues to apply the revised Hong Kong Financial Reporting Standards without significant impact on its financial position or performance[44]. - The company’s financial assets and liabilities at amortized cost are considered to have carrying amounts that approximate their fair values[50].

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]

Group 1 - The core viewpoint of the news is that Zhonghuan New Energy has entered into a strategic cooperation framework agreement with Ant Blockchain Technology (Shanghai) Co., Ltd., aiming to establish a partnership in the fields of new energy digital assets and artificial intelligence ecosystems [1][2] - Zhonghuan New Energy's stock opened over 15% higher, reaching HKD 11.04 with a trading volume of HKD 15.34 million, indicating strong market interest following the announcement [1] - According to a report by Ant Group Research Institute, the tokenization scale of new energy assets in the global Real World Asset (RWA) market is expected to grow by 120% in 2025 compared to 2024, reaching a 35% share, making it the highest tokenization level among non-financial assets [1] Group 2 - This cooperation is part of Zhonghuan New Energy's strategy to build core capabilities for the future, aiming to create a closed-loop ecosystem that integrates green energy entities, digital technology, and global financial capital [2] - The company's role is transitioning from being a heavy asset "builder" and "operator" to a light asset "manager" and "value integrator," positioning itself more favorably in the competitive landscape of the new energy industry [2]