来源：金融界 2025年8月18日，上海清算所网站披露公告，中国光大水务有限公司发布2023年度第三期中期票据2025 年付息公告。该债券简称"23光大水务MTN003"，代码为102382170，发行金额10亿元人民币，本计息 期债项利率2.82%，本期应偿付利息金额2820万元人民币，利息支付日为2025年8月23日（如遇法定节 假日，则顺延至下一工作日） 。 ...

新加坡證券交易所有限公司、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。 CHINA EVERBRIGHT WATER LIMITED 中國光大水務有限公司 （於百慕達註冊成立之有限公司） （香港股份代號：1857） （新加坡股份代號：U9E） 海外監管公告 本海外監管公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而刊發。 請參閱隨附的中國光大水務有限公司（「本公司」）已於今日在北京金融資產交易所、上海 清算所及中國外匯交易中心暨全國銀行間同業拆借中心之網站刊發之文件。 承董事會命 中國光大水務有限公司 法律顧問兼聯席公司秘書 關詠蔚 香港，2025年8月15日 於本公告日期，本公司董事會成員包括： (i) 一名非執行董事－欒祖盛先生（董事長）； (ii) 兩名執行董事－熊建平先生（總裁）及王悅興先生；以及 (iii) 四名獨立非執行董事－郝 剛女士、黃裕喜先生、蘇國良先生及陳佩珊女士。 | | | 中国光大水务有限公司 关于拟分配股 ...

Major Events - Kangji Medical (09997) received a privatization offer at a premium of approximately 9.9% [1] - China Resources Pharmaceutical (03320) plans to participate in the establishment of a fund [1] - Ganfeng Lithium (01772) intends to jointly integrate a joint venture with LAR to develop the Pozuelos-Pastos Grandes salt lake basin in Argentina [1] - China Antibody-B (03681) signed a comprehensive strategic cooperation agreement with the Hong Kong Advanced Institute of Research at Sun Yat-sen University [1] - Mingyuan Cloud (00909) plans to acquire 100% equity of ASIOT Corporation for 700 million yen [1] - Weilu Group (01196) experienced unusual stock price and trading volume changes and is in preliminary discussions with an independent third party regarding a potential acquisition of mobile game rights [1] Operating Performance - China Unicom (00762) reported revenue exceeding 200 billion yuan in the first half of the year, with a profit attributable to equity holders of 14.484 billion yuan, a year-on-year increase of 5.01% [1] - China Unicom (00762) had approximately 1.208 billion cumulative "Ubiquitous Intelligent Connection" users in the second quarter [1] - Tencent Music (01698) achieved double growth in revenue and profit in the first half of the year, with a profit attributable to equity holders of 6.7 billion yuan, a year-on-year increase of 115.85% [1] - Galaxy Entertainment (00027) reported a mid-term profit attributable to shareholders of 5.24 billion HKD, a year-on-year increase of 19.44% [1] - WH Group (00288) reported a mid-term profit attributable to shareholders of 788 million USD, a year-on-year increase of 0.51%, with an interim dividend of 0.2 HKD per share [1] - Minmetals Resources (01208) reported a mid-term profit attributable to equity holders of 340 million USD, a year-on-year increase of 1511% [1] - China Literature Group (00772) reported a mid-term profit attributable to shareholders of 850 million yuan, a year-on-year increase of 68.5% [1] - Hong Kong Electric (02638) reported a mid-term profit attributable to unit holders of 1.001 billion HKD, a year-on-year increase of 5.7% [1] - 361 Degrees (01361) reported a mid-term profit attributable to equity holders of 858 million yuan, a year-on-year increase of 8.6% [1] - Eagle Precision (01286) reported a mid-term profit attributable to equity holders of 346 million HKD, a year-on-year increase of 13.7% [1] - China Everbright Water (01857) reported a mid-term profit attributable to equity holders of 564 million HKD, a year-on-year decrease of 2.99% [1] - FIT HON TENG (06088) reported a mid-term profit attributable to shareholders of 31.511 million USD, a year-on-year decrease of 3.11% [1] - China Lilang (01234) reported a mid-term profit attributable to equity holders of 243 million yuan, a year-on-year decrease of 13.4% [1] - Fudan Zhangjiang (01349) reported a mid-term profit attributable to shareholders of 5.715 million yuan, a year-on-year decrease of 91.89% [1] - Wharf Holdings (00004) reported a mid-term profit attributable to shareholders of 535 million HKD, returning to profitability [1] - China Resources Land (01109) reported a cumulative contract sales amount of approximately 123.6 billion yuan for the first seven months, a year-on-year decrease of 11.8% [1]

本文源自财华网 【财华社讯】中国光大水务(01857.HK)公布，截至2025年6月30日止六个月，收入约32.8亿港元，同比 下降2%；权益持有人应占盈利约5.64亿港元，同比下降3%；每股基本盈利19.71港仙。拟派中期息6.09 港仙。 ...

运营管理方面，回顾期内，集团通过技术创新与精细化管理双轮驱动，深入落实智慧运营管理举措，进 一步提升运营管理质效。降本增效方面，集团持续推进药剂种类优化、精准加药、设备合同能源管理等 精细化管理举措，进一步降低存量项目运营成本；初步建立一个高效、优质的数字化供应链体系。开源 增效方面，集团旗下水处理项目推动工业废水、中水处理等开源拓展，优化存量项目产能利用率，签订 十余个存量项目开源业务合同；截至2025年6月30日，集团旗下12个项目的光伏发电设施投入运营，分 别位于中国山东、江苏、天津等省市，总装机容量约20兆瓦，预计每年可提供电力约2,000万千瓦时。 2025财政年度上半年，集团新获各类资金补贴合共约2,750万元人民币；累计处理污水约8.35亿立方米， 供应中水约2,000万立方米。 市场拓展方面，回顾期内，集团在复杂多变的市场环境中，顶住行业压力与挑战，持续优化业务布局： 传统业务与新兴业务发展协同推进，轻重资产业务模式不断深化，中国境内外市场拓展工作有序开展。 其中，轻资产业务多点布局，业务涵盖工业废水处理、设备供货、工艺包等，新承接轻资产业务分布于 中国湖北、江苏、浙江等省份以及泰国市场。与此 ...

Core Viewpoint - China Everbright Water (01857) reported a decrease in revenue and profit for the six months ending June 30, 2025, indicating challenges in its construction services segment [1] Financial Performance - Revenue for the period was HKD 3.28 billion, a decrease of 2.18% year-on-year [1] - Profit attributable to equity holders was HKD 564 million, down 2.99% year-on-year [1] - Basic earnings per share were HKD 0.1971 [1] - The company proposed an interim dividend of HKD 0.0609 per ordinary share [1] Construction Services - Revenue from construction services fell from HKD 1.35541 billion in the first half of the 2024 fiscal year to HKD 1.16418 billion in the first half of the 2025 fiscal year, a decrease of 14% [1] - The decline in construction services revenue was primarily due to reduced construction activities in the first half of the 2025 fiscal year compared to the same period in 2024 [1]

Core Viewpoint - China Everbright Water (01857) reported a decrease in revenue and profit for the six months ending June 30, 2025, indicating challenges in construction activities and overall financial performance [1] Financial Performance - Revenue for the period was HKD 3.28 billion, a year-on-year decrease of 2.18% [1] - Profit attributable to equity holders was HKD 564 million, down 2.99% year-on-year [1] - Basic earnings per share were HKD 0.1971 [1] - The company proposed an interim dividend of HKD 0.0609 per ordinary share [1] Construction Services - Revenue from construction services decreased from HKD 1.35541 billion in the first half of the 2024 fiscal year to HKD 1.16418 billion in the first half of the 2025 fiscal year, a reduction of HKD 191.23 million or 14% [1] - The decline in construction services revenue was primarily due to a reduction in construction activities compared to the first half of the 2024 fiscal year [1]

EF001 免責聲明 第 2 頁 共 2 頁 v 1.1.1 悦興先生；以及(iii)四名獨立非執行董事－郝剛女士、黃裕喜先生、蘇國良先生及陳佩珊女士。 第 1 頁 共 2 頁 v 1.1.1 EF001 其他信息 其他信息 不適用 發行人董事 於本公告日期，本公司董事會成員包括：(i)一名非執行董事－欒祖盛先生（董事長）；(ii)兩名執行董事－熊建平先生（總裁）及王 | 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 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。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 中國光大水務有限公司 | | 股份代號 | 01857 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2025年6月30日止6個月之中期股息 | | 公告日期 | 2025年8月12日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息 ...

2025年中期业绩简报 2025年8月 中国光大水务有限公司 前瞻性陈述 本简报或包含前瞻性陈述，该等陈述乃建基于有关中国光大水务有限公司(「光大水务」或「本公司」，连 同其附属公司统称「本集团」)业务的大量假设及不受本公司控制的因素，并受到重大风险及不明朗因素的 影响，因此实际业绩或与该等前瞻性陈述出现重大偏差。本公司概不承担就日后发生的事件或情况而更新 该等陈述的责任。 本简报包含的资料应以简报作出时候为准，本公司未曾作出更新及将不会更新该等资料以反映本简报日后 或发生的重大发展。本简报的投影片只供支持有关本公司背景资料作出讨论。本公司不会明示或暗示陈述 或保证本简报包含的任何资料或意见是公平、准确、完整或正确，因此不应依赖该等资料或意见。收件人 在作出判断时不应以该等资料或意见为基础，本简报包含的资料和意见或基于或取自本公司管理层的判断 及意见，因此该等资料不可能经常获得核实或确认。本公司或本公司的财务顾问、或任何有关董事、高级 职员、雇员、代理人或顾问概不会就内容承担责任，或因使用本简报的资料或本简报而引起的任何损失承 担责任。本简报并无考虑任何投资者的投资目标、财务状况或特别需要，因此不构成招揽或邀 ...

Performance Summary Key financial indicators for H1 FY2025 show a slight revenue decrease but stable EBITDA and a modest increase in profit before tax Key Financial Indicators for H1 FY2025 | Indicator | H1 FY2025 | H1 FY2024 | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | HKD 3,279,565,000 | HKD 3,352,595,000 | -2% | | Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) | HKD 1,194,117,000 | HKD 1,196,486,000 | -0.2% | | Profit Before Tax | HKD 832,211,000 | HKD 815,307,000 | +2% | | Profit Attributable to Equity Holders | HKD 563,760,000 | HKD 581,146,000 | -3% | | Interim Dividend | 6.09 HK cents per share | 6.09 HK cents per share | Unchanged | [Consolidated Financial Statements](index=2&type=section&id=Consolidated%20Financial%20Statements) This section presents the consolidated statements of comprehensive income, financial position, changes in equity, and cash flows for the period [Consolidated Statement of Comprehensive Income](index=2&type=section&id=Consolidated%20Statement%20of%20Comprehensive%20Income) In H1 FY2025, revenue slightly decreased by 2% to HKD 3.28 billion, primarily due to reduced construction services, yet gross profit rose 8% to HKD 1.37 billion due to effective cost control, resulting in a 3% decline in profit attributable to equity holders to HKD 564 million Consolidated Statement of Comprehensive Income Summary (HKD '000) | Indicator | H1 2025 | H1 2024 | Increase/Decrease | | :--- | :--- | :--- | :--- | | Revenue | 3,279,565 | 3,352,595 | (2%) | | Gross Profit | 1,369,235 | 1,269,233 | 8% | | Profit Before Tax | 832,211 | 815,307 | 2% | | Profit for the Period | 625,324 | 627,568 | (0.4%) | | Profit Attributable to Equity Holders of the Company | 563,760 | 581,146 | (3%) | | Basic and Diluted Earnings Per Share (HK cents) | 19.71 | 20.31 | (3%) | [Statement of Financial Position](index=4&type=section&id=Statement%20of%20Financial%20Position) As of June 30, 2025, total assets increased by 6.5% to HKD 38.21 billion, driven by higher contract and intangible assets, while net assets grew 5.9% to HKD 14.82 billion, reflecting an optimized debt structure with increased non-current and decreased current borrowings Statement of Financial Position Summary (HKD '000) | Indicator | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Total Non-Current Assets | 27,121,929 | 25,931,236 | +4.6% | | Total Current Assets | 11,090,917 | 9,958,126 | +11.4% | | **Total Assets** | **38,212,846** | **35,889,362** | **+6.5%** | | Total Current Liabilities | 7,544,712 | 7,521,411 | +0.3% | | Total Non-Current Liabilities | 15,846,545 | 14,376,273 | +10.2% | | **Total Liabilities** | **23,391,257** | **21,897,684** | **+6.8%** | | **Net Assets** | **14,821,589** | **13,991,678** | **+5.9%** | [Consolidated Statement of Changes in Equity](index=6&type=section&id=Consolidated%20Statement%20of%20Changes%20in%20Equity) Equity attributable to company owners increased from HKD 11.84 billion at the start of 2025 to HKD 12.62 billion by period-end, primarily driven by profit for the period and foreign currency translation gains, partially offset by declared dividends - Total equity attributable to company owners increased from **HKD 11.835 billion** at the beginning of 2025 to **HKD 12.615 billion** by the end of June[10](index=10&type=chunk) - The primary contributions to the equity increase were **profit for the period (HKD 564 million)** and **foreign currency translation differences (HKD 382 million)**[10](index=10&type=chunk) - The **HKD 167 million** final dividend declared for 2024 was one of the main items reducing equity[10](index=10&type=chunk) [Consolidated Statement of Cash Flows](index=10&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) In H1 2025, operating cash flow significantly improved to a net inflow of HKD 132 million from a net outflow, while investing activities resulted in a net outflow of HKD 174 million, and financing activities generated a net inflow of HKD 41 million, maintaining stable cash and cash equivalents at period-end Consolidated Statement of Cash Flows Summary (HKD '000) | Activity Category | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 131,710 | (422,256) | | Net Cash Flow from Investing Activities | (173,546) | 14,292 | | Net Cash Flow from Financing Activities | 40,889 | 382,787 | | **Net Decrease in Cash and Cash Equivalents** | **(947)** | **(25,177)** | | Cash and Cash Equivalents at End of Period | 1,865,021 | 1,813,216 | [Notes to the Financial Statements](index=12&type=section&id=Notes%20to%20the%20Financial%20Statements) This section details the basis of preparation, accounting policies, operating segment information, revenue breakdown, dividends, and post-reporting period events [Basis of Preparation and Accounting Policies](index=12&type=section&id=1.%20Basis%20of%20Preparation) This interim financial information is prepared in accordance with IAS 34, with accounting policies consistent with the 2024 financial statements, and the adoption of revised IFRS had no significant impact on the Group's financial position - Interim financial information is prepared in accordance with **International Accounting Standard 34**[16](index=16&type=chunk) - The adoption of new and revised International Financial Reporting Standards had no significant impact on the results and financial position for the current accounting period[18](index=18&type=chunk) [Operating Segment Information](index=13&type=section&id=3.%20Operating%20Segment%20Information) The Group operates solely in the water environment management business, with the vast majority of its revenue (99.9%) and non-current assets derived from mainland China - The Group operates in a single business segment: **water environment management**[21](index=21&type=chunk) Revenue by Geographical Region (HKD '000) | Region | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Mainland China | 3,276,626 | 3,339,163 | | Germany | 2,939 | 13,432 | | **Total** | **3,279,565** | **3,352,595** | [Revenue Composition](index=15&type=section&id=4.%20Revenue) Total revenue was HKD 3.28 billion, with operating income from service concession arrangements growing 13.5% to HKD 1.48 billion, while construction service revenue decreased 14.1% to HKD 1.16 billion, and finance income remained stable Revenue Breakdown by Source (HKD '000) | Revenue Category | H1 2025 | H1 2024 | YoY Change | | :--- | :--- | :--- | :--- | | Construction Service Revenue | 1,164,178 | 1,355,412 | -14.1% | | Operating Income | 1,476,891 | 1,301,259 | +13.5% | | Equipment Sales and Technical Service Revenue | 79,684 | 131,597 | -39.4% | | Finance Income | 558,812 | 564,327 | -1.0% | | **Total** | **3,279,565** | **3,352,595** | **-2.2%** | [Dividends](index=18&type=section&id=9.%20Dividends) The Board approved an interim dividend of 6.09 HK cents per ordinary share for FY2025, consistent with the prior year, in addition to the payment of the previous fiscal year's final dividend totaling HKD 167 million - An interim dividend of **6.09 HK cents per ordinary share** was declared for the first half of fiscal year 2025, consistent with the same period in 2024[33](index=33&type=chunk) [Trade and Other Receivables](index=19&type=section&id=11.%20Trade%20and%20Other%20Receivables) Net trade receivables increased by 18.8% to HKD 6.29 billion at period-end, with a net provision for expected credit losses of HKD 73.03 million recognized, and a significant portion (HKD 2.33 billion) of receivables aged over 13 months - Net trade receivables increased from **HKD 5.29 billion** to **HKD 6.29 billion**[37](index=37&type=chunk) - Net provision for expected credit losses on trade receivables recognized during the period was **HKD 73.03 million**, a significant increase from **HKD 34.72 million** in the prior year period[29](index=29&type=chunk)[38](index=38&type=chunk) [Events After the Reporting Period](index=25&type=section&id=17.%20Events%20After%20the%20Reporting%20Period) Post-reporting period, Mr. Xiong Jianping was appointed as Executive Director and President, and a new Sustainability Committee was established under the Board to enhance ESG oversight - Effective July 24, 2025, Mr. Xiong Jianping was appointed as an **Executive Director and President** of the company[51](index=51&type=chunk) - On the same day, the company established a **Sustainability Committee** to oversee ESG matters[51](index=51&type=chunk) [Business Review and Outlook](index=26&type=section&id=Business%20Review%20and%20Outlook) This section provides an overview of operating performance, management's discussion and analysis of financial results, key risks, and corporate governance practices [Review of Operating Results](index=26&type=section&id=Operating%20Results) Despite a 2% revenue decrease amid a complex macro environment, the Group maintained stable operations, improving its overall gross profit margin from 38% to 42%, with new light-asset contracts totaling approximately RMB 60 million, and holding 170 environmental projects with a total investment of RMB 31.63 billion - Overall gross profit margin increased by **4 percentage points** from **38%** in the prior year period to **42%**[53](index=53&type=chunk) - Light-asset business achieved new progress, with new contracts totaling approximately **RMB 60 million** and an additional industrial wastewater treatment design capacity of **10,000 cubic meters per day**[54](index=54&type=chunk) - As of June 30, 2025, the Group invested in and held **170 environmental projects** with a total investment of approximately **RMB 31.63 billion**[54](index=54&type=chunk) [Management Discussion and Analysis](index=31&type=section&id=Management%20Discussion%20and%20Analysis) This section analyzes the Group's financial performance, highlighting revenue decline due to reduced construction activities offset by increased operating income, improved gross margin from cost control, decreased finance costs, and enhanced liquidity through debt structure optimization [Financial Review](index=31&type=section&id=Financial%20Review) Revenue decreased by 2% to HKD 3.28 billion due to a 14% drop in construction services, while operating income grew 13% from new projects and tariff adjustments, leading to a 4-percentage-point increase in overall gross margin to 42% due to cost control, with administrative expenses rising from exchange losses and income tax expenses increasing by 10% - Construction service revenue decreased by **14%** to **HKD 1.164 billion** due to reduced construction activities[66](index=66&type=chunk) - Operating income increased by **13%** to **HKD 1.477 billion** due to the commissioning of new projects and water tariff adjustments[66](index=66&type=chunk) - Overall gross profit margin increased by **4 percentage points** to **42%**, primarily due to cost control and a higher proportion of operating service revenue[68](index=68&type=chunk) [Financial Position Analysis](index=34&type=section&id=Consolidated%20Statement%20of%20Financial%20Position%20Analysis) Total assets increased to HKD 38.21 billion, with a stable asset-liability ratio of 61.2% and net assets per share rising to HKD 4.41, while contract and intangible assets grew from new projects, trade receivables increased to HKD 6.29 billion due to seasonal payments and slower government payments, and net current assets significantly improved with the current ratio rising from 1.32 to 1.47 - The asset-liability ratio was **61.2%**, a slight increase of **0.2 percentage points** from **61.0%** at the beginning of the year[75](index=75&type=chunk) - Trade receivables increased by **HKD 993 million**, primarily due to customers' seasonal payment patterns and slower payments from local governments[77](index=77&type=chunk) - Net current assets increased by **HKD 1.109 billion**, and the current ratio improved from **1.32** to **1.47**, mainly due to the issuance of medium-to-long-term notes to replace short-term borrowings[79](index=79&type=chunk) [Key Risks and Uncertainties](index=45&type=section&id=Key%20Risks%20and%20Uncertainties) The Group identified eight key risks, including policy changes, market competition, environmental and safety production, trade receivables collection (especially from local governments), project management, human resources, financing, and cost control, with trade receivables collection being a top priority managed by a dedicated task force - Key risks include **policy changes, market competition, environmental compliance, trade receivables collection, project management, human resources, financing, and cost control**[101](index=101&type=chunk)[103](index=103&type=chunk)[105](index=105&type=chunk)[106](index=106&type=chunk) - Trade receivables collection risk is highly prioritized, as key clients are local governments whose fiscal payment capabilities may decline; the company has established a **task force led by the President** and implemented a **'task force, ledger, incentive, and assessment' mechanism** to address this[106](index=106&type=chunk)[107](index=107&type=chunk) [Corporate Governance](index=55&type=section&id=Corporate%20Governance) The company adheres to corporate governance codes in Singapore and Hong Kong, with the Board overseeing five committees including a newly established Sustainability Committee, and all directors confirmed compliance with strict internal codes for securities dealings during the period - The company's corporate governance practices comply with the **corporate governance codes of Singapore and Hong Kong**[116](index=116&type=chunk) - The Board has five committees: **Audit, Remuneration, Nomination, Strategy, and Sustainability**[117](index=117&type=chunk)