ZONQING Environmental Limited 中慶環境股份有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） 股份代號 : 1855 2025 中期報告 孫舉慶先生 （主席） 呂鴻雁女士 邵占廣先生 獨立非執行董事 目錄 | 公司資料 | 2 | | --- | --- | | 管理層討論及分析 | 4 | | 其他資料 | 11 | | 綜合損益表 | 16 | | 綜合損益及其他全面收益表 | 17 | | 綜合財務狀況表 | 18 | | 綜合權益變動表 | 20 | | 簡明綜合現金流量表 | 23 | | 未經審核中期財務報告附註 | 24 | | 釋義及技術詞彙表 | 48 | 本中期報告（「報告」）之中英文版本均於本公司網站( www.zonqing.net )（「本公司網站」)及香港交易及結算所有限公司網站 ( www.hkexnews.hk )刊登。 公司資料 董事會 執行董事 劉海濤先生 （副主席兼行政總裁） 王彥女士 非執行董事 高向農先生 尹軍先生 李國棟先生 公司秘書 崔獻之先生 授權代表 劉海濤先生 崔獻之先生 審核委員會 李國棟先生 （主席） ...

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 FF301 公司名稱: 中庆环境股份有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 本月底法定/註冊股本總額： HKD 10,000,000 第 1 頁 共 10 頁 v 1.1.1 FF301 | 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) | 01855 | 說明 | 普通股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 30,000,000,000 | HKD | 0.000333333333 | HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 3 ...

中庆股份(01855)发布截至2025年6月30日止6个月中期业绩，集团收益人民币7.62亿元，同比减少1.77%; 股东应占溢利2933.3万元，同比减少14.38%;每股盈利4分。 ...

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，並明確表示概不就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。 ZONQING Environmental Limited 中庆環境股份有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1855） 截至二零二五年六月三十日止六個月之 未經審核中期業績公告 中庆環境股份有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及其 附屬公司（統稱「本集團」）截至二零二五年六月三十日止六個月（「二零二五年上半 年」）之未經審核中期業績，連同截至二零二四年六月三十日止六個月（「二零二四 年上半年」）之比較數字。 1 綜合損益表 截至二零二五年六月三十日止六個月－未經審核 （以人民幣（「人民幣」）計值） | | | 截至六月三十日止六個月 | | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | 附註 | 人民幣千元 | 人民幣千元 | | 收益 | 3 | 761,932 | 775,648 | | 銷售成本 ...

Summary of Key Points Core Viewpoint - A total of 142 stocks reached their 52-week highs as of August 12, with notable performers including Yingmei Holdings (02028), Elite Group (01775), and Fuying Global Group (01620) achieving high rates of 164.89%, 84.78%, and 40.63% respectively [1]. Stock Performance - **Top Performers**: - Yingmei Holdings (02028) closed at 0.223 with a peak of 0.249, marking a 164.89% increase [1]. - Elite Group (01775) closed at 0.350 with a peak of 0.425, reflecting an 84.78% increase [1]. - Fuying Global Group (01620) closed at 0.180, reaching its peak at 0.180, showing a 40.63% increase [1]. - **Other Notable Stocks**: - Aoya Group (02425) increased by 34.36% [1]. - Fuyiy International Holdings (01470) saw a rise of 28.30% [1]. - Huajian Medical (01931) experienced a 27.58% increase [1]. 52-Week High Rankings - The ranking of stocks that reached their 52-week highs includes: - Yingmei Holdings (02028) at 164.89% [1]. - Elite Group (01775) at 84.78% [1]. - Fuying Global Group (01620) at 40.63% [1]. 52-Week Low Rankings - The report also highlights stocks that reached their 52-week lows, with notable declines including: - Jiadeng International Group (08153) at -15.25% [4]. - Kun Group (00924) at -12.86% [4]. - Zhongjia Guoxin (00899) at -10.00% [4].

董事會會議日期 中庆環境股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本公司 將於二零二五年八月二十一日（星期四）舉行董事會會議，藉以（其中包括）考慮及 批准本公司及其附屬公司截至二零二五年六月三十日止六個月之未經審核中期業 績及其發佈，以及建議派發中期股息（如有）。 承董事會命 中庆環境股份有限公司 主席兼非執行董事 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，並明確表示概不就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。 ZONQING Environmental Limited 中庆環境股份有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1855） 孫舉慶 香港，二零二五年八月十一日 於本公告日期，本公司董事會成員包括執行董事劉海濤先生（副主席）及王彥女士； 非執行董事孫舉慶先生（主席）、呂鴻雁女士及邵占廣先生；以及獨立非執行董事 高向農先生、尹軍先生及李國棟先生。 ...

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: 中庆环境股份有限公司 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) | 01855 | 說明 | 普通股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 30,000,000,000 | HKD | 0.000333333333 | HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 30,000,000,000 | HKD | 0.000333333333 | HKD | | 10,000,000 | 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 FF ...

Financial Performance - For the fiscal year ending December 31, 2024, ZONQING Environmental Limited reported total revenue of approximately RMB 1,743.1 million, a decrease of 26.0% compared to RMB 2,355.5 million in 2023[8]. - The net profit for the year was approximately RMB 46.1 million, down 69.9% from RMB 153.2 million in the previous year[8]. - The gross profit decreased by 30.4% to RMB 314.0 million from RMB 450.8 million in 2023[8]. - The company achieved a basic and diluted earnings per share of RMB 0.05, a decline of 68.8% from RMB 0.16 in the previous year[8]. - Revenue decreased by approximately 26.0% or RMB 612.4 million from RMB 2,355.5 million in FY2023 to RMB 1,743.1 million in FY2024, primarily due to delays in government construction projects[27]. - The urban renewal services segment's revenue fell by approximately 31.8% or RMB 650.0 million from RMB 2,024.2 million in FY2023 to RMB 1,392.2 million in FY2024, attributed to project delays[28]. - The urban operation and maintenance services segment's revenue increased by approximately 12.1% or RMB 26.4 million from RMB 219.0 million in FY2023 to RMB 245.4 million in FY2024, driven by growth in new contracts[29]. - The urban planning and design services segment's revenue decreased by approximately 32.4% or RMB 36.4 million from RMB 112.3 million in FY2023 to RMB 75.9 million in FY2024, influenced by policy and macroeconomic conditions[30]. - Gross profit decreased by approximately 30.3% to RMB 314.0 million, with a gross margin decline from 19.1% to 18.0% due to increased market competition and lower service fees in new regions[33]. Income and Expenses - The company experienced a significant increase in other income, which rose by 48.2% to RMB 15.6 million compared to RMB 10.6 million in the prior year[8]. - Selling expenses surged by 83.1% to RMB 34.4 million, up from RMB 18.8 million in 2023[8]. - Administrative expenses decreased by approximately 10.3% to RMB 82.3 million, mainly due to reduced business volume and cost-saving management practices[36]. - Financing costs decreased by approximately 7.7% to RMB 60.1 million, primarily due to lower loan interest rates in response to national policies supporting business development[38]. - The share of losses from joint ventures increased from a profit of RMB 1.4 million to a loss of RMB 2.7 million, mainly due to increased expected credit loss provisions[41]. - The share of losses from a joint venture in tourism increased from RMB 4.4 million to RMB 24.9 million, driven by higher expected credit loss provisions[42]. Assets and Liabilities - Non-current assets remained relatively stable at RMB 483.7 million, a slight decrease of 0.1% from RMB 483.9 million in 2023[8]. - Current assets increased by 16.0% to RMB 3,899.9 million, compared to RMB 3,362.5 million in the previous year[8]. - The total equity attributable to shareholders increased by 3.3% to RMB 795.2 million from RMB 769.5 million in 2023[8]. - Current assets decreased by approximately 14.8% to RMB 321.4 million, partly due to slower customer payment speeds and outstanding payables[46]. - Trade receivables and notes increased by approximately 30.4% from RMB 1,765.1 million to RMB 2,301.7 million due to delays in collection influenced by the national economic environment[49]. - Trade payables and notes rose by approximately 13.6% from RMB 1,389.2 million to RMB 1,578.1 million, attributed to extended payment terms negotiated with suppliers due to customers' weakened repayment ability[52]. - The group's equity return rate decreased from 18.1% in the fiscal year 2023 to 6.0% in the fiscal year 2024, mainly due to a reduction in profit[60]. - The total asset return rate fell from 3.8% in the fiscal year 2023 to 1.1% in the fiscal year 2024, primarily due to decreased profit[61]. - The capital debt ratio increased from 1.0 to 1.1, driven by an increase in bank and other loans[63]. - The net debt-to-equity ratio rose from 0.7 to 1.0, also due to an increase in bank and other loans[64]. Business Operations and Strategy - The company made significant progress in expanding its cultural tourism business, particularly in key regions such as Sichuan, Guangdong, and Hainan[9]. - Revenue sources for fiscal year 2024 included urban renewal services (79.9%), urban operation and maintenance services (14.1%), urban planning and design services (4.3%), and cultural tourism (1.7%)[12]. - The cultural tourism segment generated revenue of approximately RMB 29.64 million with a gross profit of RMB 11.59 million, accounting for about 3.7% of total gross profit[14]. - The group plans to continue expanding its cultural tourism business and enhance service quality while implementing national development strategies, particularly in regions like Sichuan, Guangdong, and Hainan[16]. - The company is focused on digital transformation and improving operational management to achieve sustainable high-quality development[10]. - The company plans to expand its business in cities like Shenzhen, Guangzhou, Tianjin, and Chongqing, focusing on urban operation and maintenance as well as cultural tourism markets[26]. - The company expects to benefit from government debt policies, improving cash flow and reducing financial pressure in FY2025[24]. - The company is exploring acquisition opportunities to enhance its overall strength and diversify its business portfolio, although no specific plans for major investments or acquisitions have been disclosed[65]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to ensure integrity, transparency, and effective internal management[93]. - The board has established three committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee to oversee specific aspects of the company's affairs[106]. - The company has not identified any non-compliance with trading standards by directors since the listing date[95]. - The board is responsible for formulating the overall strategy and policies of the group, approving business plans, and assessing group performance[97]. - The company will continue to review and strengthen its corporate governance to ensure compliance with the corporate governance code[94]. - All independent non-executive directors have confirmed their independence according to the listing rules[99]. - The board has adopted a diversity policy, achieving a gender ratio of 6:2 among board members as of the 2024 fiscal year[103]. - The company’s internal audit department plays a crucial role in monitoring internal governance and assessing major risks[119]. Shareholder and Stakeholder Engagement - The company expresses gratitude to shareholders and partners for their support, emphasizing a commitment to creating greater value for stakeholders[10]. - The company has a policy for handling and disclosing inside information, requiring Board approval for any announcements[120]. - The company’s shareholder communication policy is deemed sufficient and effective by the board[124]. - The company reported no dividend distribution for the fiscal year 2024[137]. - As of December 31, 2024, the company had no distributable reserves for shareholders, compared to zero in 2023[147]. - The company has adopted a dividend policy that depends on the availability of dividends from its subsidiaries, with future dividends subject to various factors including operational performance and cash flow[116]. Employee and Management Information - The group had a total of 799 employees as of December 31, 2024, with employee costs amounting to approximately RMB 173.4 million for the fiscal year 2024, compared to RMB 169.7 million in 2023[187]. - The total remuneration for senior management in the fiscal year 2024 is categorized into two levels: 5 members received between 0 – 400,000 RMB, and 3 members received between 400,000 – 800,000 RMB[115]. - All directors participated in continuous professional development to enhance their knowledge and skills for effective contributions to the board[98]. Related Party Transactions - The group entered into significant related party transactions in the fiscal year 2024, with total purchases amounting to approximately RMB 2,743,000, down from RMB 8,824,000 in 2023[194]. - The group provided guarantees for bank loans amounting to approximately RMB 642.7 million as of December 31, 2024, compared to RMB 393 million in 2023[194]. - The group established a new equipment usage framework agreement with Zhongqing Investment Group, with a maximum payment of RMB 600,000, RMB 700,000, and RMB 800,000 for the respective three years ending December 31, 2025[195]. - The group also entered into a new survey and design service framework agreement with Zhongqing Investment Group, with a maximum payment of RMB 20 million per year for three years, with RMB 1,874,000 recorded for the fiscal year 2024[196]. - The company entered into a new property leasing framework agreement with Zhongqing Investment Group, effective from January 1, 2023, to December 31, 2025, with a maximum payment of RMB 4,500,000, RMB 4,800,000, and RMB 4,800,000 for each respective year[198]. - For the year ending December 31, 2024, the transaction amount for property leasing is RMB 2,463,000, which is within the annual limit[198]. - A new framework agreement for landscaping and ecological restoration construction services was established with Zhongqing Investment Group, also effective from January 1, 2023, to December 31, 2025, with maximum payments of RMB 150,000,000, RMB 160,000,000, and RMB 170,000,000 for each respective year[199]. - The transaction amount for landscaping and ecological restoration services for the year ending December 31, 2024, is RMB 25,834,000, remaining below the annual limit[199]. - The company signed a framework agreement for construction project management services with Zhongqing Investment Group, with maximum payments of RMB 30,000,000, RMB 40,000,000, and RMB 40,000,000 for each respective year until December 31, 2025[200]. - The transaction amount for construction project management services for the year ending December 31, 2024, is RMB 5,433,000, which does not exceed the annual limit[200].

Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of RMB 1,743,092,000, a decrease of 26% compared to RMB 2,355,497,000 in the previous year[3]. - Gross profit for the same period was RMB 314,034,000, down 30% from RMB 450,848,000 in the prior year[3]. - Operating profit decreased to RMB 133,134,000, a decline of 45% from RMB 240,807,000 year-on-year[3]. - The net profit for the year was RMB 46,088,000, representing a 70% decrease from RMB 153,225,000 in the previous year[3]. - Basic and diluted earnings per share fell to RMB 5, down from RMB 16 in the previous year, indicating a 68.75% decline[3]. - The gross profit decreased by approximately 30.3% from RMB 450.8 million in fiscal year 2023 to RMB 314.0 million in fiscal year 2024, with the gross profit margin dropping from about 19.1% to 18.0%[67]. - The company reported a pre-tax profit of RMB 45,374,000 in 2024, a significant decrease from RMB 172,652,000 in 2023[39]. - The company incurred a tax expense of RMB (714,000) in 2024, compared to RMB 19,427,000 in 2023, reflecting a significant reduction in taxable income[39]. Assets and Liabilities - The company’s total assets as of December 31, 2024, were RMB 3,899,855,000, compared to RMB 3,362,493,000 in the previous year, reflecting an increase of 15.9%[5]. - Current liabilities increased to RMB 3,578,496,000 from RMB 2,985,285,000, marking a rise of 19.9%[5]. - The company reported a net cash position of RMB 122,779,000, down from RMB 210,405,000, indicating a decrease of 41.7%[5]. - The company’s non-current assets totaled RMB 483,674,000, slightly down from RMB 483,933,000, showing a marginal decrease of 0.05%[5]. - Trade receivables increased to RMB 2,710,091,000 in 2024 from RMB 2,052,208,000 in 2023, representing a growth of 31.9%[44]. - Total trade payables increased to RMB 1,578,145,000 in 2024 from RMB 1,389,181,000 in 2023, reflecting a growth of 13.6%[46]. - Bank loans and other borrowings amounted to RMB 884,661,000 in 2024, up from RMB 806,210,000 in 2023, indicating an increase of 9.7%[48]. - The provision for losses increased to RMB 408,413,000 in 2024 from RMB 287,409,000 in 2023, a rise of 42.1%[44]. Revenue Segmentation - The urban renewal services segment generated revenue of RMB 1,392,163,000 in 2024, down from RMB 2,024,246,000 in 2023, representing a decline of 31%[22]. - Revenue breakdown for fiscal year 2024: urban renewal services (79.9%), urban operation and maintenance services (14.1%), urban planning and design services (4.3%), and cultural tourism (1.7%)[51]. - Cultural tourism revenue for fiscal year 2024 was approximately RMB 29.64 million, contributing 1.7% to total revenue, with a gross profit of RMB 11.59 million, accounting for about 3.7% of total gross profit[51]. - The cultural tourism segment, newly introduced in 2024, contributed RMB 29,641,000 in revenue, indicating a diversification opportunity for stable cash flow[27]. Operational Highlights - The group submitted 912 bids in fiscal year 2024, an increase of 277 bids or approximately 43.62% compared to fiscal year 2023, with a bid success rate of 35.1%, down by about 3.12 percentage points[53]. - Major projects won in fiscal year 2024 include: Dongguan Tangxia Town Keyuan City Fitness Park (RMB 45.19 million), Sichuan Xingfu Bridge Station TOD development project (RMB 25.25 million), and Hainan Lingshui Lian International Education Innovation Pilot Zone greening service (RMB 15.09 million)[54]. - The group aims to expand its cultural tourism business in fiscal year 2025, focusing on improving service quality and enhancing bidding competitiveness, particularly in regions like Sichuan, Guangdong, and Hainan[53]. - The group has successfully launched the Shenlu Peak National Tourism Resort project and the Liaoyuan Rabbit Paradise project, enhancing service quality and market competitiveness through innovative product development and marketing[52]. Cost Management - Administrative expenses for 2024 were RMB 82,277,000, a decrease from RMB 91,667,000 in 2023, reflecting a cost control effort[32]. - Selling expenses rose by approximately 83.0% from RMB 18.8 million in fiscal year 2023 to RMB 34.4 million in fiscal year 2024, an increase of about RMB 15.6 million, driven by strategic marketing efforts and new cultural tourism business promotions[69]. - Financing costs for 2024 were RMB 60,129,000, slightly down from RMB 65,134,000 in 2023, indicating a reduction of 8%[32]. Future Outlook - The group anticipates obtaining new bank loans and refinancing totaling RMB 90,000,000 after December 31, 2024[11]. - Management plans to improve cash flow by accelerating accounts receivable invoicing and collection, actively participating in tenders, negotiating payment terms with suppliers, and reducing operating expenses[11]. - The company expects to bill RMB 471,056,000 in receivables after one year, down from RMB 513,436,000 in the previous year[43]. Risk Management - The group faces various financial risks, including credit risk, liquidity risk, interest rate risk, and foreign exchange risk, but currency risk is low due to operations primarily in RMB[104]. - The group has implemented policies to ensure sales are made to customers with appropriate credit records, indicating limited credit risk[105]. - The group regularly monitors its liquidity position to ensure sufficient cash reserves and compliance with loan covenants[107]. Corporate Governance - The audit committee consists of three independent non-executive directors, reviewing accounting standards and financial reporting matters[117]. - The board does not recommend the distribution of dividends for the fiscal year 2024[109].

ZONQING Environmental Limited 中慶環境股份有限公司 2024 （於開曼群島註冊成立的有限公司） 股份代號 : 1855 中 期 報 告 000000 目錄 | --- | --- | |--------------------------|-------| | | | | 公司資料 | 2 | | 管理層討論及分析 | 4 | | 其他資料 | 11 | | 綜合損益表 | 17 | | 綜合損益及其他全面收益表 | 18 | | 綜合財務狀況表 | 19 | | 綜合權益變動表 | 21 | | 簡明綜合現金流量表 | 23 | | 未經審核中期財務報告附註 | 24 | | 釋義及技術詞彙表 | 50 | 本中期報告（「報告」）之中英文版本均於本公司網站(www.zonqing.net（「) 本公司網站」)及香港交易及結算所有限公司網站 (www.hkexnews.hk)刊登。 公司資料 李國棟先生 董事會 提名委員會 高向農先生（主席） 李國棟先生 尹軍先生 核數師 | --- | --- | |---------------------------------|----- ...