格隆汇8月27日丨沧海控股(02017.HK)发布公告，截至2025年6月30日止六个月，实现收入人民币7.64亿 元，同比减少30.4%；毛利为人民币5994.9万元，同比减少3.4%；公司拥有人应占溢利为人民币1554万 元，同比基本持平；基本每股盈利人民币2.5分。 ...

沧海控股(02017)发布截至2025年6月30日止六个月未经审核中期业绩，收入7.64亿元(人民币，下同)， 同比减少30.37%;股东应占溢利1554万元，同比减少1%;每股基本盈利2.5分。 ...

智通财经APP讯，沧海控股(02017)发布截至2025年6月30日止六个月未经审核中期业绩，收入7.64亿元 (人民币，下同)，同比减少30.37%;股东应占溢利1554万元，同比减少1%;每股基本盈利2.5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。 CHANHIGH HOLDINGS LIMITED – 1 – 滄海控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此呈報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的未經審核簡明綜合中期業績，連 同截至二零二四年六月三十日止六個月的未經審核比較數字如下： 簡明綜合損益及其他全面收益表 滄海控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：2017） 截至二零二五年六月三十日止六個月 未經審核中期業績公告 | 財務摘要 | | | | --- | --- | --- | | | 截至六月三十日止六個月 | | | | 二零二五年 | 二零二四年 | | | 人民幣千元 | 人民幣千元 | | | （未經審核） | （未經審核） | | 收入 | 764,497 | 1,098,008 | | 毛利 | 59,949 | 62,042 | | 期內溢利及全面 ...

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。 CHANHIGH HOLDINGS LIMITED 滄海控股有限公司 （股份代號：2017） 董事會召開日期 滄海控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於二零二 五年八月二十七日（星期三）舉行董事會會議，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綜合中期業績及將其刊登於香港聯合 交易所有限公司及本公司之網站；及考慮派發中期股息（如有）。 承董事會命 滄海控股有限公司 彭天斌 主席 香港，二零二五年八月十五日 （於開曼群島註冊成立之有限公司） 於本公告日期，董事會成員包括執行董事彭天斌先生、彭永輝先生及彭道生先生；非執行董事王素芬女 士；以及獨立非執行董事陳立業先生、施衛星先生及楊仲凱先生。 1 ...

| | | 致：香港交易及結算所有限公司 公司名稱: 滄海控股有限公司 呈交日期: 2025年8月1日 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 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) | 02017 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 本月底法定/註冊股本總額： HKD 20,000,000 FF ...

Financial Performance - In 2024, the company's revenue was RMB 1,748,321, a decrease of 7.0% compared to RMB 1,879,443 in 2023[15]. - Gross profit for 2024 was RMB 131,341, reflecting a decline from RMB 141,406 in 2023, resulting in a gross margin of 7.5%[15][19]. - Profit before tax decreased to RMB 36,576 in 2024, down 16.5% from RMB 43,793 in 2023[15]. - The profit for the year attributable to owners of the company was RMB 27,313, a decrease of 11.5% compared to RMB 30,745 in 2023[15]. - The Group's revenue for the year was approximately RMB 1,748.3 million, a decrease of about 7.0% compared to the previous year, with revenue contributions from landscaping construction (5.6%), municipal engineering (46.4%), construction engineering (45.2%), and others (2.8%)[51]. - Revenue from the landscape construction segment fell by 47.9% to RMB 97.5 million, attributed to a decrease in the number of projects[77]. - The municipal works construction segment saw a revenue increase of 17.4% to RMB 811.7 million, driven by a rise in the number of projects[78]. - Revenue from the building works segment decreased by 16.1% to RMB 790.7 million, mainly due to a reduction in project numbers[79]. - The Group's revenue from the others segment decreased by 17.4% or RMB 10.2 million, from RMB 58.7 million last year to RMB 48.5 million this year[80]. - Gross profit decreased by 7.1% or RMB 10.1 million, from RMB 141.4 million last year to RMB 131.3 million this year, with a stable gross profit margin of approximately 7.5%[87]. Assets and Liabilities - Total assets as of 2024 were RMB 2,157,090, a decrease from RMB 2,325,983 in 2023[17]. - Total liabilities decreased to RMB 1,152,661 in 2024, down from RMB 1,348,926 in 2023, indicating improved financial stability[17]. - The company's equity attributable to owners increased to RMB 998,283 in 2024, up from RMB 970,970 in 2023[17]. - The Group's net current assets decreased by 2.8% or RMB 27.0 million, from RMB 961.5 million as of December 31, 2023, to RMB 934.5 million as of December 31, 2024, primarily due to a decrease in trade and other receivables[97][99]. - Trade and other receivables decreased by 39.8% or RMB 245.2 million, from RMB 616.4 million as of December 31, 2023, to RMB 371.2 million as of December 31, 2024, due to increased efforts in receivables collection[102]. - Trade payables decreased by 5.1% or RMB 20.8 million from RMB 406.6 million in 2023 to RMB 385.8 million in 2024, attributed to a decrease in revenue[117]. Market and Industry Trends - The construction sector continued to play a key role in stabilizing growth and promoting transformation amidst challenges in the market[21]. - The total output value of the national construction industry reached RMB 32.7 trillion in 2024, an increase of 3.9% year-on-year[31]. - The added value of the construction industry for the year was RMB 9.0 trillion, reflecting a growth of 3.8% compared to the previous year[31]. - The total profits of qualified general contracting and specialized contracting construction enterprises nationwide were RMB 751.3 billion, a decrease of 9.8% over the previous year[33]. - National fixed asset investment increased by 3.2% in 2024, with infrastructure investment growing by 4.4%[34]. - The construction industry in 2024 showed characteristics of stabilizing growth in infrastructure, weak recovery in real estate, and transformation driven by technology, with state-owned enterprises performing prominently[66]. Strategic Focus and Innovation - The company focused on "innovation-driven and green development," aiming to enhance operational efficiency and explore new growth points in emerging fields[21][22]. - The Group is actively expanding into strategic emerging fields such as water conservancy projects and new energy infrastructure[25]. - The Group achieved significant technological advancements in smart construction and water conservancy, applying big data, IoT, and AI to engineering projects, enhancing project quality and market competitiveness[44][46]. - The new "construction industry+" model, integrating smart construction and smart building, has emerged as a new path for enterprise transformation[40][42]. - The Group aims to enhance management efficiency and optimize business structure to maintain competitiveness in the market[71]. - The focus on green and digital transformation aligns with the national "dual carbon" goals and sustainable development initiatives[71]. Management and Governance - Mr. Peng YH was appointed as an executive director and CEO of the Company on March 15, 2017, and has over 20 years of experience in the landscape and public work construction industry[169]. - Mr. Peng DS, the founder of the Group, has been responsible for business development and quality control since its establishment in January 2001[169]. - The Group's management team includes Mr. Tong Tai Alex, who has been the CFO since December 2015, overseeing financial management and regulatory compliance[186]. - The Group's executive team is supported by independent directors with extensive backgrounds in law and finance, enhancing governance and strategic oversight[177][179]. - The Company aims to leverage its experienced management team to drive future growth and operational efficiency[169]. Financial Risks and Management - The Group is exposed to various financial risks including credit risk, liquidity risk, and interest rate risk[146]. - The Group's credit risk is primarily from trade and other receivables, and cash and bank balances[154]. - The Group's policy is to regularly monitor liquidity requirements to maintain sufficient cash reserves[156]. - The management emphasizes the importance of risk management in evaluating material risk exposures, including investment, interest rate, and liquidity risks[54].

Financial Performance - Total revenue for the year ended December 31, 2024, was RMB 1,748,321 thousand, a decrease of 7.0% from RMB 1,879,443 thousand in 2023[2] - Gross profit for the year was RMB 131,341 thousand, down 7.1% from RMB 141,406 thousand in the previous year[3] - Net profit attributable to owners of the company was RMB 27,313 thousand, a decline of 11.8% compared to RMB 30,745 thousand in 2023[3] - Basic and diluted earnings per share decreased to RMB 4.4 from RMB 5.0, reflecting a 12.0% drop[3] - The company reported an operating profit of RMB 58,478 thousand, down 18.2% from RMB 71,494 thousand in the previous year[3] - Other income and gains increased to RMB 24,399 thousand from RMB 18,793 thousand, a growth of 29.0%[3] - The total segment profit for 2024 was RMB 131,341 thousand, down from RMB 141,406 thousand in 2023, indicating a decrease of about 7%[13] - The company reported a basic and diluted earnings per share of RMB 27,313 thousand for 2024, down from RMB 30,745 thousand in 2023, a decrease of approximately 8%[17] Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 2,157,090 thousand, down from RMB 2,325,983 thousand in 2023, representing a decrease of 7.2%[4] - Current liabilities decreased to RMB 1,152,661 thousand from RMB 1,348,926 thousand, a reduction of 14.5%[5] - The total liabilities for the company as of the end of 2024 were RMB 1,679,558 thousand, compared to RMB 1,799,817 thousand in 2023, showing a decrease of about 7%[17] Cash Flow and Expenditures - The company’s cash and cash equivalents increased to RMB 439,665 thousand from RMB 416,098 thousand, reflecting a growth of 5.7%[4] - Cash and cash equivalents increased to RMB 272.7 million from RMB 252.6 million year-on-year, with a current ratio of 1.8 and a debt ratio of 0.5[46] - Capital expenditures related to property, plant, and equipment totaled RMB 8.0 million for the year[48] Trade Receivables and Provisions - Trade receivables decreased to RMB 214,407 thousand in 2024 from RMB 301,138 thousand in 2023, a decline of approximately 29%[18] - The provision for trade receivables increased to RMB 88,723 thousand in 2024 from RMB 75,702 thousand in 2023, indicating a rise of about 17%[18] - Trade receivables overdue for 0 to 90 days decreased to RMB 34.5 million from RMB 41.8 million, while those overdue for more than 3 years decreased to RMB 8.5 million from RMB 45.8 million[47] Expenses - Material costs for 2024 amounted to RMB 759,511 thousand, compared to RMB 909,275 thousand in 2023, reflecting a reduction of approximately 16%[12] - Employee costs remained relatively stable at RMB 543,100 thousand in 2024, slightly down from RMB 537,915 thousand in 2023[12] - Research and development expenses increased significantly to RMB 7,593 thousand in 2024, compared to only RMB 376 thousand in 2023, marking an increase of over 1900%[17] - Administrative expenses increased slightly by 1.3% to RMB 62.6 million from RMB 61.8 million last year[42] - Financing costs decreased by 17.9% to RMB 22.9 million from RMB 27.9 million last year, primarily due to lower interest rates and average borrowings[43] - Income tax expense for 2024 was RMB 9,204 thousand, down from RMB 13,610 thousand in 2023, reflecting a decrease of approximately 32%[14] - Income tax expenses decreased by 32.4% to RMB 9.2 million from RMB 13.6 million last year, mainly due to a reduction in pre-tax profits and an increase in non-taxable income[44] Market and Industry Insights - In 2024, the total output value of the construction industry in China reached RMB 32.7 trillion, an increase of 3.9% year-on-year, despite a 10.6% decline in the construction area of residential buildings[21] - The profit of qualified general and specialized contracting construction enterprises in 2024 was RMB 751.3 billion, a decrease of 9.8% compared to the previous year[22] - The number of construction enterprises in China reached 152,000 in June 2024, an increase of 8.7% year-on-year, indicating intensified market competition[22] - The construction business activity index in December 2024 was 53.2%, reflecting a 3.5% month-on-month increase, indicating resilience in the construction sector[24] - National investment in water conservancy construction is expected to exceed RMB 1.3 trillion in 2024, marking a historical high and providing strong support for the construction market[27] - The construction industry is experiencing a digital transformation, with significant advancements in smart construction technologies, improving efficiency and addressing labor shortages[25] - The average profit of state-owned enterprises in the construction sector was RMB 366.9 billion in 2024, down 8.7% from the previous year[22] - Infrastructure investment in 2024 grew by 4.4%, becoming a key driver for the construction industry's growth[23] - The construction industry is focusing on green and smart development, with leading enterprises enhancing market concentration through resource integration and technological innovation[26] - The construction sector's employment figures decreased by 11.9% from the end of 2018, highlighting ongoing labor challenges amidst a growing number of enterprises[23] Business Segments - The group's revenue for the year was approximately RMB 1,748.3 million, a decrease of about 7.0% compared to last year, primarily driven by declines in the landscaping, construction, and other segments[29] - The revenue breakdown by business segments is as follows: landscaping construction (5.6%), municipal engineering (46.4%), construction engineering (45.2%), and others (2.8%)[29] - The municipal engineering segment saw an increase in revenue of 17.4% or RMB 120.4 million, reaching RMB 811.7 million, attributed to an increase in project numbers[36] - The landscaping construction segment's revenue decreased by 47.9% or RMB 89.6 million to RMB 97.5 million, mainly due to a reduction in project numbers[35] - The construction engineering segment's revenue decreased by 16.1% or RMB 151.7 million to RMB 790.7 million, also due to a decrease in project numbers[37] - The group's gross profit remained stable at RMB 141.4 million, with a gross margin of approximately 7.5%[40] - Other income increased by 30.0% or RMB 5.6 million to RMB 24.4 million, mainly due to revenue generated from franchise rights[41] Future Outlook and Strategy - In 2025, the total scale of infrastructure investment in China is expected to reach RMB 12.8 trillion, with at least RMB 2 trillion allocated for digital infrastructure[33] - The company plans to focus on traditional infrastructure while exploring new growth points in water conservancy construction and technological innovation[33] - The company aims to enhance its business structure and management efficiency to maintain a competitive edge in the market[33] Governance and Miscellaneous - The company does not recommend any dividend distribution for the year[56] - There have been no significant changes in the company's financial position or business since the last annual report[57] - The remaining net proceeds of approximately HKD 167.4 million are expected to be utilized by the end of 2026[55] - The annual report will be published on the company's website and the Hong Kong Stock Exchange website at an appropriate time[65] - The board expresses gratitude to customers, shareholders, and employees for their long-term support and hard work[66] - The board of directors includes executive directors and independent non-executive directors, ensuring diverse governance[67]

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 1,098,008, representing a 6.7% increase from RMB 1,029,221 in the same period of 2023[7] - Gross profit for the same period was RMB 62,042, an 8.0% increase from RMB 57,465 in 2023[7] - Profit for the period attributable to owners of the Company was RMB 15,697, up 18.1% from RMB 13,296 in 2023[7] - The total comprehensive income for the period was RMB 15,785,000, compared to RMB 13,244,000 in the same period last year, representing an increase of about 19.2%[113] - Earnings per share for the period were 2.5 RMB cents, an increase from 2.1 RMB cents in 2023, reflecting a growth of approximately 19%[113] - Profit from operations was RMB 33,437,000, up from RMB 31,333,000 in 2023, which is an increase of about 6.7%[113] - Profit before tax for the period was RMB 18,718,000, slightly down from RMB 18,984,000 in 2023, showing a decrease of approximately 1.4%[113] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 2,178,833, a decrease of 6.3% from RMB 2,325,983 as of December 31, 2023[7] - Total liabilities decreased by 12.1% to RMB 1,185,991 from RMB 1,348,926[7] - Current liabilities decreased from RMB 1,246,384,000 to RMB 1,185,635,000, a reduction of about 4.9%[115] - Total equity increased from RMB 977,057,000 to RMB 992,842,000, marking a growth of about 1.6%[115] - Non-current assets dropped significantly from RMB 118,121,000 to RMB 68,940,000, a decrease of about 41.6%[114] Cash Flow - Cash and cash equivalents increased by 6.5% to RMB 268,872 from RMB 252,572[7] - Net cash generated from operating activities for the six months ended June 30, 2024, was RMB 67,000, compared to a net cash used of RMB 38,612,000 in the same period of 2023[119] - The net cash generated from investing activities increased significantly to RMB 111,362,000, up from RMB 28,030,000 in the previous year[119] - The company reported a net increase in cash and cash equivalents of RMB 16,300,000, compared to RMB 10,118,000 in the same period of 2023[119] Revenue Segmentation - The Group's business revenue sources included landscaping construction (3.1%), municipal works construction (38.2%), building works (56.4%), and others (2.3%)[22] - Revenue from the municipal works construction segment increased by 5.8% or RMB22.9 million to RMB419.5 million, driven by an increase in the number of projects[35] - Revenue from the building works segment rose by 22.8% or RMB114.9 million to RMB619.3 million, attributed to an increase in average contract sums[36] - Revenue from the landscape construction segment decreased by 66.8% or RMB69.1 million to RMB34.4 million, primarily due to a decline in average contract sums[33] Expenses and Costs - Cost of services rendered increased by 6.7% or RMB64.4 million to RMB1,032.4 million, in line with revenue fluctuations[41] - Administrative expenses rose by 3.9% or RMB1.2 million to RMB31.9 million for the six months ended June 30, 2024[44] - Finance costs increased by 10.9% or RMB1.3 million to RMB13.2 million, mainly due to interest expenses related to a public-private partnership project[45] - The Group's administrative and other operating expenses included an impairment loss of RMB 31,855,000, compared to RMB 30,676,000 in the previous year, indicating a slight increase of about 3.8%[113] Market and Economic Conditions - The company noted that the global economic growth is stabilizing after four years of turbulence, but growth levels remain below pre-2020 levels[9] - The construction industry is generally in a downward trend, but there are still development opportunities in related infrastructure construction[9] - In the first half of 2024, the national construction industry's total output value was RMB13.83 trillion, with a year-on-year increase of 4.8%, marking a decline in growth rate for four consecutive years since 2020[10] Corporate Governance and Compliance - The company has complied with the corporate governance code provisions for the six months ended June 30, 2024, except for the absence of the chairman at the annual general meeting[78] - The company has adopted the Model Code for securities transactions, with all directors confirming compliance during the reporting period[85] - The Group has established an Audit Committee to oversee financial reporting and internal control procedures[99] Strategic Initiatives - The Group plans to focus on traditional infrastructure construction, technological innovation, and water conservancy construction as new growth points[27] - The company acquired construction licenses for various projects at a total consideration of RMB103.1 million (HK$120.2 million) to enhance its capabilities in municipal projects[74] - A strategic investment in design firms in the Yangtze River Delta was made for HK$7.5 million, with HK$83.9 million remaining for future investments[73] Shareholding and Ownership - Mr. Peng YH holds 451,170,000 shares, representing approximately 72.95% of the company's shareholding[87] - Mr. Peng TB and Mr. Peng DS each hold 452,994,000 shares, representing approximately 73.24% of the company's shareholding[87] - Vast Base has a beneficial interest in 226,170,000 shares, accounting for approximately 36.57% of the total shareholding[93] Future Outlook - The company provided a positive outlook for the next quarter, projecting revenue growth of B% based on current market trends[187] - Future guidance indicates a commitment to sustainable practices, with plans to reduce carbon emissions by J% over the next five years[188]

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 1,098,008 thousand, representing an increase of 6.7% compared to RMB 1,029,221 thousand for the same period in 2023[1][2] - Gross profit for the same period was RMB 62,042 thousand, up 8.8% from RMB 57,465 thousand in the previous year[1][2] - Net profit attributable to the owners of the company increased to RMB 15,697 thousand, a rise of 18.1% from RMB 13,296 thousand in the prior year[1][2] - Basic and diluted earnings per share for the period were RMB 2.5, compared to RMB 2.1 for the same period last year, reflecting a 19% increase[2] - Operating profit for the six months was RMB 33,437 thousand, an increase of 6.7% from RMB 31,333 thousand in the previous year[2] - Total segment profit for the six months ended June 30, 2024, was RMB 62,042,000, an increase of 7.5% from RMB 57,465,000 in 2023[9] - Interest income rose to RMB 1,320,000 from RMB 931,000, reflecting a 42% increase year-over-year[9] - The company reported a net profit of RMB 15,697,000 for the six months ended June 30, 2024, compared to RMB 13,296,000 in 2023, representing a growth of 18.1%[16] Assets and Liabilities - The total assets as of June 30, 2024, were RMB 2,178,833 thousand, down from RMB 2,325,983 thousand as of December 31, 2023[3][4] - Current liabilities totaled RMB 1,185,635 thousand, a decrease from RMB 1,246,384 thousand at the end of the previous year[4] - Non-current assets decreased to RMB 68,940 thousand from RMB 118,121 thousand as of December 31, 2023, indicating a significant reduction[3] - The company reported a decrease in trade and other receivables to RMB 608,954 thousand from RMB 616,393 thousand[3] - Contract assets decreased to RMB 1,126,041,000 from RMB 1,175,371,000, a decline of 4.2%[11] - Trade receivables decreased to RMB 226,750,000 from RMB 304,924,000, a reduction of 25.6%[17] - The company recognized contract liabilities of RMB 29,978,000, down from RMB 66,733,000, a decrease of 55.1%[11] - The company's cash and cash equivalents stood at RMB 268.9 million as of June 30, 2024, compared to RMB 252.6 million at the end of the previous year[38] - The current ratio remained stable at 1.8, while the debt ratio improved to 0.6 from 0.7[38] - As of June 30, 2024, the company's debt-to-equity ratio is 0.6[39] Expenses - The company’s employee costs decreased to RMB 20,830,000 from RMB 22,255,000, a decline of 6.4%[15] - The company’s research and development expenses decreased to RMB 86,000 from RMB 198,000, a reduction of 56.6%[15] - Administrative expenses rose slightly by 3.9% to RMB 31.9 million, while financial costs increased by 10.9% to RMB 13.2 million[36][37] - The income tax expense decreased by 49.1% to RMB 2.9 million, primarily due to a decline in taxable profits compared to the previous year[38] Revenue Sources and Segments - The company's revenue sources for the first half of 2024 were 3.1% from landscaping, 38.2% from municipal engineering, 56.4% from construction engineering, and 2.3% from other sources[25] - The municipal construction segment's revenue grew by 5.8% to RMB 419.5 million, while the construction engineering segment's revenue surged by 22.8% to RMB 619.3 million[31][32] - The landscaping construction segment experienced a significant decline of 66.8%, with revenue dropping to RMB 34.4 million from RMB 103.5 million[30] Future Outlook and Investments - The company plans to focus on traditional infrastructure, technological innovation, and water conservancy construction as new growth points moving forward[28] - The total planned investment in water conservancy during the 14th Five-Year Plan period is expected to exceed RMB 5.2 trillion, with RMB 3.6 trillion already completed by mid-2024[28] - The company’s management emphasizes the importance of infrastructure investment, which grew by 5.4% year-on-year, supporting the construction industry amidst challenges in the real estate sector[23] - The company’s management remains optimistic about future growth opportunities in the water resources sector, with water conservancy construction investment reaching RMB 569 billion in the first half of 2024, a historical high[25] Corporate Governance and Compliance - The company has complied with the corporate governance code, except for the absence of the chairman at the annual general meeting held on June 13, 2024[44] - The company does not recommend the distribution of an interim dividend for the six months ended June 30, 2024[43] Capital and Financing - The total bank borrowings as of June 30, 2024, amount to RMB 580.7 million, with an average annual interest rate of 4.03%[39] - The net proceeds from the company's fundraising activities amount to HKD 315.3 million, with HKD 147.9 million already utilized[40] - The company has acquired multiple construction permits at a total cost of RMB 103.1 million (HKD 120.2 million)[40] - The remaining net proceeds of approximately HKD 167.4 million are currently held in bank deposits and are expected to be utilized by the end of 2025[42] Operational Achievements - The company completed 38,000 water conservancy projects in the first half of 2024, a year-on-year increase of 23%[25] - The company achieved a significant milestone by obtaining a new invention patent and being recognized as a demonstration base for college student employment practices in Ningbo[26] - The company has successfully participated in the drafting of the "Technical Regulations for Construction of High-rise Prefabricated Steel Structures" as a main drafter[26] - The construction industry business activity index was reported at 51.2% in July 2024, indicating a slight decline but remaining above the critical point[24]