Group 1: ZTE Corporation - ZTE Corporation plans to issue HKD 35.84 billion zero-coupon convertible bonds due in 2030, with an initial conversion price of HKD 30.25 per share [1] - The net proceeds of approximately USD 494.3 million will be used to enhance the company's R&D investment in computing power products [1] - This move is expected to promote long-term development in 5G and artificial intelligence sectors, boosting investor confidence [1] Group 2: Hong Kong Monetary Authority - The Hong Kong Monetary Authority (HKMA) issued guidelines regarding the regulation of stablecoin issuers, effective from August 1, 2025 [2] - The guidelines emphasize that false claims of being a licensed issuer or applicant are illegal, aiming to protect investor interests and mitigate financial risks [2] - This initiative is anticipated to positively impact the healthy development of the stablecoin market and provide regulatory insights for other regions [2] Group 3: Shandong Gold - Shandong Gold's subsidiary, Shanjin International, plans to issue H-shares and apply for a listing on the Hong Kong Stock Exchange [3] - The listing aims to deepen global strategic layout, accelerate overseas business development, and optimize capital structure [3] - This initiative is expected to enhance governance and core competitiveness while expanding diversified financing channels [3] Group 4: Pearl River Steel Pipe - Pearl River Steel Pipe's board proposed to reduce share premium to offset accumulated losses as of December 31, 2024 [4] - The reduction aims to improve financial transparency, allowing shareholders and investors to better understand the company's financial status [4] - This move may help stabilize market confidence, although potential impacts on shareholder equity should be monitored [4] Group 5: Hong Kong Stock Market - The Hang Seng Index closed at 25,524.45, down 0.15% on July 29 [5] - The Hang Seng Tech Index closed at 5,644.38, down 0.35% [5] - The National Enterprises Index closed at 9,145.92, down 0.34% [5]

Group 1 - Heartway Medical-B (06609.HK) expects a net profit of no less than RMB 40 million for the six months ending June 30, 2025, a significant turnaround from a net loss of approximately RMB 5.1 million for the corresponding period ending June 30, 2024 [1] - The anticipated profit and performance improvement are primarily due to business growth, leading to increased revenue and a decrease in overall expenditure ratio compared to the corresponding period [1] Group 2 - Baoshan International (03813.HK) expects a mid-term net profit of approximately RMB 187.6 million, a year-on-year decrease of 44.1% [2] - Baio Family Interaction (02100.HK) anticipates a mid-term profit increase of approximately 134.9% to 141.6% [2] - Skyworth Group (00751.HK) warns of an expected mid-term post-tax profit decline of about 50% year-on-year [2] Group 3 - China CNR Corporation (01766.HK) recently signed a significant contract worth approximately RMB 32.92 billion [2] - China Power (02380.HK) reported a total electricity sales volume of 11.299 million megawatt-hours in June, a year-on-year decrease of 5.04% [2]

Core Viewpoint - The company proposes to reduce the share premium by approximately RMB 767 million to offset its accumulated losses as of December 31, 2024 [1] Group 1 - The suggested reduction in the share premium account aims to offset the company's accumulated losses [1] - After the proposed offset, the company's accumulated losses will amount to RMB 1.728 billion [1] - Following the offset, the group's accumulated profit as of December 31, 2024, will be RMB 92.224 million [1]

Core Viewpoint - The company proposes to reduce its share premium by approximately RMB 767,097,000 to offset accumulated losses, which will improve the financial clarity for shareholders and investors [1] Financial Summary - The proposed reduction will result in accumulated losses of RMB 1,728,484,000 as of December 31, 2024 [1] - After the offset, the group's accumulated profit will be RMB 92,224,000 as of the same date [1] Board's Perspective - The board believes that the share premium reduction will eliminate accumulated losses, benefiting the overall interests of the company and its shareholders [1] - Despite the reduction in share premium, the company currently has no plans to distribute dividends to shareholders [1]

Core Viewpoint - The company proposes to reduce the share premium by approximately RMB 767 million to offset its accumulated losses as of December 31, 2024 [1] Summary by Relevant Categories Financial Performance - The proposed reduction will result in the company's accumulated losses being reduced to RMB 1.728 billion [1] - After the proposed offset, the group's accumulated profit as of December 31, 2024, will be RMB 92.224 million [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佈之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 CHU KONG PETROLEUM AND NATURAL GAS STEEL PIPE HOLDINGS LIMITED 珠江石油天然氣鋼管控股有限公司 (於開曼群島註冊成立的有限公司) (股份代號: 1938) 建議股份溢價削減 本公司建議將股份溢價削減的若干金額計入本公司股份溢價賬，以抵銷本公司截至二 零二四年十二月三十一日的累計虧損。 本公司將根據《上市規則》盡快在聯交所及本公司網站上刊登一份通函，其中載有（其 中包括）有關股份溢價削減的進一步詳情以及召開股東特別大會的通告。 建議股份溢價削減 待上述條件達成後，預期股份溢價削減將於股東在特別股東大會上通過批准股份溢價削 減的普通決議案之日或上述條件達成之日（以較遲者為准）生效。概無股東須就批准股 份溢價削減的普通決議案放棄投票。 股份溢價削減的原因 截至二零二四年十二月三十一日，本集團錄得累計虧損約人民幣674,873,000元。董事 會認為， ...

Company Overview - Zhujiang Steel Pipe Holdings Limited is a major manufacturer and exporter of longitudinal welded pipes in China, listed on the Hong Kong Stock Exchange since 2010 [2] - The company is headquartered in Panyu, Guangzhou, with production bases in Zhuhai and Lianyungang, and has multiple offices in Hong Kong, Yunfu, and Nanjing [2] - Zhujiang Steel Pipe has an annual production capacity of 1.8 million tons, with various types of welded pipe production lines [2] Product Range - The company produces a wide range of welded pipes, including large-diameter double-sided submerged arc welded pipes, high-frequency welded pipes, spiral submerged arc welded pipes, and corrosion-resistant alloy composite pipes [2] - Products meet various international standards such as API, ASTM, ISO, and DNV, and are used in sectors like offshore and onshore oil and gas pipelines, urban gas, and construction steel structures [3] Financial Performance - As of December 31, 2024, Zhujiang Steel Pipe reported total revenue of 2.94 billion yuan, a year-on-year increase of 10.9%, and a net profit attributable to shareholders of 213 million yuan, up 15.72% [1] - The company's gross profit margin stands at 17.6%, with a debt-to-asset ratio of 80.95% [1] Market Position - Zhujiang Steel Pipe has a price-to-earnings (P/E) ratio of 1.34, ranking first in its industry, while the average P/E ratio for the oil and gas sector is -1.96 [1]

Core Viewpoint - The anticorrosive steel pipe industry is experiencing growth due to advancements in technology and increasing demand across various sectors, leading to a diversification of materials and applications [1][22]. Industry Definition and Classification - Anticorrosive steel pipes are treated steel pipes designed to resist corrosion, with common coatings including epoxy resin, polyurethane, and polyethylene [3][6]. - The industry categorizes pipes based on manufacturing processes, shapes, applications, and anticorrosion technologies [5][6]. Current Industry Status - The demand for anticorrosive steel pipes is driven by infrastructure development in sectors such as oil, chemicals, gas, and water supply, with a projected demand of 1,168.2 million tons in 2024 and a market size of approximately 55.09 billion yuan [2][6]. - The annual production of anticorrosive steel pipes in China has remained above 16 million tons, with forecasts indicating production of 17.85 million tons in 2024 and 18.41 million tons in 2025 [2][8]. Industry Supply Chain - The upstream supply chain includes raw materials like steel and anticorrosive coatings, while the midstream focuses on the production and research of anticorrosive steel pipes [10]. - The downstream applications span various industries, including oil, chemicals, and water supply, with potential for strategic partnerships to enhance the supply chain [10]. Competitive Landscape - The anticorrosive steel pipe industry features a mix of large state-owned enterprises and numerous private and foreign companies, with state-owned firms dominating the high-end market [13][14]. - Key players include China Petroleum Group, Jiangsu Yulong Steel Pipe Technology, and Tianjin Youfa Steel Pipe Group, among others [3][15]. Industry Development Trends - The industry is shifting towards high-tech and high-performance products, with innovations in materials such as composite and nanomaterials expected to meet diverse market needs [1][22]. - Anticorrosive steel pipes are anticipated to play a crucial role in future infrastructure projects, enhancing their importance in corrosion prevention solutions [1][22].

Group 1: Market Reactions - The announcement of a potential ceasefire between Israel and Iran led to a significant drop in oil prices, with WTI and Brent crude oil falling nearly 9% and over 7% respectively [1] - In the Asia-Pacific market, WTI crude futures initially dropped over 5%, and as of the report, both WTI and ICE Brent crude were down over 2% [1] - Gold prices also saw a decline of 0.3% amid the easing geopolitical tensions [1] Group 2: Stock Performance - Hong Kong oil and gas stocks experienced sharp declines, with Baikin Oil Services plunging nearly 30%, Shandong Molong down over 18%, and Sinopec Oilfield Services falling over 14% [2][3] - In the A-share market, oil and gas service stocks also faced significant losses, with companies like Beiken Energy and Zhun Oil shares hitting the daily limit down [4] Group 3: Geopolitical Context - Trump's unilateral announcement of a ceasefire was met with skepticism, as both Israel and Iran did not confirm the agreement, with Iran's foreign minister stating no ceasefire "agreement" had been reached [6][8] - The ongoing conflict continued despite the announcement, with reports of missile attacks from Iran towards Israel [6] - The situation in the Strait of Hormuz, a critical oil shipping route, was highlighted, with previous threats from Iran to close it, which could have led to oil prices soaring to $120-$130 per barrel [11]

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佈的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不會就因本公佈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。 CHU KONG PETROLEUM AND NATURAL GAS STEEL PIPE HOLDINGS LIMITED 珠江石油天然氣鋼管控股有限公司 ( 於開曼群島註冊成立的有限公司 ) (股份代號: 1938) 附註： 於二零二五年六月二十日舉行之股東週年大會之投票結果 (g) 董事（陳昌先生、陳兆年女士、陳平先生、歐陽廣華先生及詹建宙先生）已親身出席股 東週年大會。 珠江石油天然氣鋼管控股有限公司(「本公司」)董事(「董事」)會(「董事會」) 欣然宣佈， 本公司股東週年大會（「股東週年大會」）已正式於二零二五年六月二十日（星期五）上午十 時三十分假座香港皇后大道中29號華人行1樓舉行，股東週年大會提呈的全部決議案均以投 票方式獲本公司股東(「股東」)正式通過。除文義另有所指外，本公佈所用詞彙與二零二五 年四月二十八日之通函所界定者具有相同涵義。 承董事會命 珠江石油天然氣鋼管控股有限公司 主 ...