公司名稱: 辰興發展控股有限公司 呈交日期: 2025年9月3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 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 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) | 02286 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | 本月底法定/註冊股本總額： HKD 10,000 ...

Core Viewpoint - The company reported a significant decline in revenue and increased net loss for the six months ending June 30, 2025, indicating challenges in its property development segment [1] Financial Performance - The company's revenue for the reporting period was approximately RMB 833 million, with revenue from property development accounting for about RMB 819 million [1] - The gross profit for the period was approximately RMB 334 million, with gross profit from property development around RMB 320 million [1] - The net loss for the period was approximately RMB 852 million, with the loss attributable to the company's shareholders amounting to about RMB 908 million [1] Sales and Contracts - The company signed sales amounting to approximately RMB 558 million during the reporting period, with a corresponding signed building area of about 7,858 square meters [1] - This represents a significant decrease of approximately 50.6% in signed sales and a reduction of about 54.5% in signed building area compared to the same period last year [1]

Group 1 - The company reported a revenue of RMB 83.335 million for the six months ending June 30, 2025, representing a year-on-year decrease of 92.21% [1] - The company experienced a loss attributable to shareholders of RMB 90.788 million, marking a shift from profit to loss compared to the previous year [1] - The loss per share was reported at RMB 0.15 [1]

Chen Xing Development Holdings Limited 辰 興 發 展 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：2286） （以下稱「公司」或「本公司」） – 1 – 1. 成員 1.1 提名委員會須由公司董事會（「董事會」）委任，且提名委員會的大多 數成員（「成員」）應為獨立非執行董事，並且應有至少一名不同性別 的董事。 1.2 提名委員會之主席應由董事會委任，並須由董事會主席或提名委員 會中由董事會委任之獨立非執行董事擔任。 1.3 委任提名委員會各成員的任期應由董事局於委任時釐定。 2.1 提名委員會之秘書應由公司秘書擔任。 2.2 提名委員會可不時委任其他具有適當資格及經驗的人仕作為提名委 員會之秘書。 3. 會議 4. 出席會議 – 2 – 3.1 提名委員會成員可以在有需要的情況下召開會議，應每年最少舉行 一次。 3.2 任何會議之通知最少須於該會議舉行前14天作出，除非提名委員會全 體成員一致通過豁免該通知。不論所作出之通知期，成員出席會議將 被視為成員豁免所需之通知。倘續會於少於14天內舉行，則任何續會 毋須作出 ...

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。 Chen Xing Development Holdings Limited 辰 興 發 展 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：2286） 截至二零二五年六月三十日止六個月的中期業績公告 財務摘要 – 1 – — 截至二零二五年六月三十日止六個月（「報告期」）本集團已簽約銷售額約 人民幣55.8百萬元，相應的已簽約建築面積（「建築面積」）約7,858平方米， 較去年同期分別減少約50.6%及減少約54.5%； — 報告期內本集團的收入約人民幣83.3百萬元，其中來自物業開發的收入 約人民幣81.9百萬元； — 報告期內本集團的毛利約人民幣33.4百萬元，其中來自物業開發的毛利 約人民幣32.0百萬元； — 報告期內本集團的淨虧損約人民幣85.2百萬元，其中本公司母公司擁有 人應佔淨虧損約人民幣90.8百萬元； — 於報告期末，本集團土地儲 ...

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，概不會就因本公告全部或任何部分內容而產生 或因依賴該等內容而引致的任何損失承擔任何責任。 （股份代號：2286） 董事會會議通知 辰興發展控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，董事會會議 將於二零二五年八月二十八日（星期四）上午十時正假座中華人民共和國（「中 國」）山西省晉中市榆次區安寧大街18號辰興辦公樓一樓會議室舉行，商討下列 事項： 承董事會命 辰興發展控股有限公司 Chen Xing Development Holdings Limited 辰 興 發 展 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） 白選奎 中國‧山西，二零二五年八月十八日 於本公告日期，本公司執行董事為白選奎先生、白武魁先生、白國華先生及董世光先生以及 本公司獨立非執行董事為田華先生、裘永清先生及高建華女士。 1. 省覽及酌情通過本公司及其附屬公司截至二零二五年六月三十日止六個 月之未經審核綜合業績（「中期業績」），並通過將於香港聯合交易所有限 公司網 ...

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: 辰興發展控股有限公司 呈交日期: 2025年8月4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) | 02286 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | 本月底法定/註冊股本總額： HKD 10,000 ...

Financial Performance - The group reported a contracted sales amount of approximately RMB 2.179 billion, a decrease of about 56.3% year-on-year, with a contracted area of approximately 33,070 square meters, down 48.3% compared to the previous year[10]. - The group's revenue for the reporting period was approximately RMB 11.986 billion, with property development revenue accounting for approximately RMB 11.973 billion[10]. - The gross profit for the group was approximately RMB 1.181 billion, with property development gross profit contributing approximately RMB 1.167 billion[10]. - The net loss for the group was approximately RMB 1.304 billion, with the attributable net loss to equity holders of the company being approximately RMB 1.622 billion[10]. - The basic loss per share for the company was approximately RMB 0.27, and the board resolved not to declare a final dividend for the year ended December 31, 2024[10]. - The company reported a contracted sales amount of approximately RMB 217.9 million, a decrease of about 56.3% compared to the same period last year[24]. - The total revenue for the reporting period was approximately RMB 1,198.6 million, an increase of about 299.0% year-on-year, with property development revenue contributing approximately RMB 1,197.3 million, up by about 301.5%[24]. - The net loss attributable to equity holders was approximately RMB 162.2 million, an increase of about 6.9% compared to the previous year, primarily due to increased interest expenses and impairment of recoverable land costs[24]. - The company will not declare a final dividend for the year ending December 31, 2024[18]. - The distributable reserves of the group as of the reporting period amount to RMB 4.593 billion, a decrease from RMB 7.890 billion as of December 31, 2023[125]. Land and Property Development - As of the end of the reporting period, the total land reserve area reached approximately 2,173,365 square meters, with an average cost of land reserve at approximately RMB 875.6 per square meter[10]. - The total land reserve area at the end of the reporting period was approximately 2,173,365 square meters[17]. - The total completed building area of the group is approximately 3,282,916 square meters, with land reserves totaling about 2,173,365 square meters[29]. - The group has approximately 192,908 square meters of completed but unsold building area and 842,232 square meters of properties under development[29]. - The planned total building area for future development is approximately 1,138,225 square meters[30]. - The group retains ownership of strategic commercial properties to generate stable income, with investment properties totaling about 21,613 square meters[29]. - The total area of completed projects is 1,246,880 square meters, with a total construction area of 3,282,916 square meters[37]. - The company has a total of 1,221,811 square meters of attributable construction area across its projects[39]. - The company is developing the Beigu Nian project, which has a total area of 139,169 square meters planned for completion by May 2026[41]. - The company is expanding its commercial projects, including the Shining Center in Jinzhong, with a planned area of 3,461 square meters expected to be completed by December 2025[41]. Market Outlook and Strategy - The real estate market in China is gradually stabilizing, with a focus on risk control and project profitability in land acquisition strategies[13][14]. - For 2025, the real estate market is expected to enter a more rational and healthy development phase, with a focus on improving housing supply and demand structure[19]. - The company plans to focus on inventory reduction and expanding the improvement housing market as its core strategic direction for 2025[21]. - The company aims to enhance product competitiveness by optimizing product structure and increasing the application of new materials and intelligent technologies[21]. - The company will actively seek diversified financing channels and strategic partners to strengthen the stability of its capital chain[21]. - The company will continue to focus on the high-end improvement housing market to meet consumer demand for high-quality living environments[22]. Operational Challenges and Responses - The company is actively responding to industry changes, with sales performance facing significant challenges but overall risks remaining within controllable limits[15]. - The company is increasing investment in research and development to enhance product and service upgrades, focusing on digital transformation and personalized living experiences[14]. Corporate Governance and Compliance - The company emphasizes high standards of corporate governance and has adhered to all applicable codes during the reporting period[161]. - The board consists of four executive directors and three independent non-executive directors, ensuring a balance of expertise in financial accounting and corporate governance[170]. - The company has established mechanisms to ensure the board receives independent views and opinions, promoting a culture of open communication[177]. - The company has a dedicated legal department to ensure compliance with laws and regulations, maintaining good relationships with regulatory bodies[105]. - The audit committee has fulfilled its corporate governance responsibilities and reported to the board during the reporting period[194]. Employee and Supplier Relations - The company emphasizes the importance of employee satisfaction and development through appropriate compensation and comprehensive evaluation plans[108]. - The company maintains good relationships with suppliers and has signed strategic cooperation agreements to ensure quality construction and material supply[110]. - The company encourages gender balance among employees, with a male-to-female ratio of approximately 60% to 40%[180]. Financing and Investment Activities - The company completed the sale of a 51% stake in Jinzhong Development for a total consideration of RMB 100.6 million, recognizing an investment gain of RMB 33.8 million[71]. - The company agreed to acquire a 16.1074% stake in Sichuan Chenxing for RMB 45.0 million, which will become a wholly-owned subsidiary[72]. - The company plans to continue investing in property development projects and acquiring suitable land parcels in selected cities, with internal resources and bank loans expected to meet funding needs[77]. Shareholder Information - The board aims to maintain a stable and sustainable dividend policy to provide returns to shareholders[112]. - The company has decided not to declare a final dividend for the year ending December 31, 2024, similar to the previous year[116]. - The company has not entered into any stock-linked agreements during the reporting period[121]. - The company has not granted any stock options under the stock option plan during the reporting period[149].

Group 1 - The core viewpoint of the news highlights the recent performance of Chenxing Development, which saw a significant increase in revenue but a decline in net profit, indicating potential challenges despite growth in sales [1][2]. - As of April 17, the Hang Seng Index rose by 1.61%, while Chenxing Development's stock price increased by 8.3% to HKD 0.248 per share, with a trading volume of 1,000 shares and a turnover of HKD 275 [1]. - Over the past month, Chenxing Development has experienced a cumulative decline of 19.65%, and a year-to-date decline of 15.19%, underperforming the Hang Seng Index by 4.97% [1]. Group 2 - Financial data shows that for the year ending December 31, 2024, Chenxing Development achieved total revenue of CNY 1.199 billion, a year-on-year increase of 299.03%, while the net profit attributable to shareholders was CNY -162 million, a decrease of 6.82% [1]. - The company's gross profit margin stands at 9.85%, with a debt-to-asset ratio of 86.12%, indicating a high level of leverage [1]. - Currently, there are no institutional investment ratings for Chenxing Development, and its price-to-earnings ratio is -0.78, ranking 185th in the industry, compared to the average industry P/E ratio of 4.52 [1]. Group 3 - Chenxing Development, established in 1997, is a diversified enterprise group with primary qualifications in real estate development and has been listed on the Hong Kong Stock Exchange since 2015 [2]. - The company operates in five major sectors: real estate, industry, asset management, construction, and life services, with a strategic focus on expanding its presence across key economic regions in China [2]. - Chenxing Development has developed 19 projects across 13 cities in eight provinces, with an annual development scale of 500,000 square meters and total assets exceeding CNY 10 billion [2].

Financial Performance - The contracted sales amount for the year ended December 31, 2024, was approximately RMB 217.9 million, representing a decrease of about 56.3% year-on-year[2]. - The group's revenue for the reporting period was approximately RMB 1,198.6 million, with property development revenue accounting for approximately RMB 1,197.3 million[2]. - The gross profit for the reporting period was approximately RMB 118.1 million, with property development gross profit at approximately RMB 116.7 million[2]. - The net loss for the reporting period was approximately RMB 130.4 million, with the loss attributable to equity holders of the company being approximately RMB 162.2 million[2]. - The basic loss per share for the reporting period was approximately RMB 0.27[2]. - Total revenue for the year 2024 was RMB 1,198,596,000, a significant increase from RMB 300,374,000 in 2023, representing a growth of approximately 298%[24]. - Property sales revenue for 2024 reached RMB 1,197,272,000, a significant increase from RMB 298,181,000 in 2023, representing a growth of approximately 302%[25]. - The total revenue recognized from property sales at the beginning of the reporting period was RMB 988,564,000 for 2024, compared to RMB 224,548,000 in 2023, marking an increase of about 340%[26]. - The group reported a pre-tax loss of RMB 151,837,000 for 2024, compared to a loss of RMB 162,190,000 in 2023, indicating a slight improvement[38]. - The total tax expense for 2024 was RMB 1,741,000, a significant reduction from a tax credit of RMB 38,301,000 in 2023[35]. - The group reported a significant increase in property development revenue, indicating a strong recovery in this segment despite the overall decrease in contracted sales[75]. - The group's gross profit was approximately RMB 118.1 million, a significant increase of about 380.4% from a gross loss of RMB 42.1 million in the previous year, resulting in a gross margin of approximately 9.9%[96]. Assets and Liabilities - The total land reserve area at the end of the reporting period reached approximately 2,173,365 square meters, with an average cost of RMB 875.6 per square meter[2]. - Total assets less current liabilities amounted to RMB 1,368.5 million as of December 31, 2024[7]. - The total equity attributable to equity holders of the parent company was RMB 1,070.1 million as of December 31, 2024[9]. - As of December 31, 2024, the company's net current liabilities amounted to approximately RMB 566,519,000, with bank borrowings and related interest totaling approximately RMB 12,800,000 and RMB 8,547,000 respectively[14]. - Due to unresolved borrowings, approximately RMB 2,273,690,000 of other borrowings became immediately payable and classified as current liabilities[15]. - The company has outstanding bank loans totaling approximately RMB 2,273,690,000 as of December 31, 2024, which are now classified as current liabilities due to defaults on repayment schedules[59]. - The company’s total borrowings due within one year or on demand are RMB 2,700,496,000, compared to RMB 2,815,782,000 in the previous year, showing a decrease of approximately 4.1%[56]. - The company has a non-current liability of RMB 30,000,000 due in the third to fifth years, indicating future repayment obligations[56]. - The company’s unsecured bank borrowings are subject to common covenants with financial institutions, and any breach could trigger immediate repayment requirements[57]. - The company’s total bank borrowings without any financial covenants as of December 31, 2024, were reported to be zero, indicating compliance with all loan agreements[59]. Cash Flow and Financing - Cash and cash equivalents at the end of the reporting period were approximately RMB 107.7 million, a decrease of about 47.1% from RMB 203.7 million at the end of the previous year[105]. - The group recorded positive operating cash flow of approximately RMB 61.0 million, down from RMB 156.8 million at the end of the previous year[106]. - The outstanding bank borrowings and related party borrowings were approximately RMB 2,730.5 million and RMB 189.7 million, respectively, compared to RMB 2,857.8 million and RMB 216.3 million at the end of the previous year[107]. - The group plans to continue investing in property development projects and acquiring suitable land in selected cities, with sufficient internal resources and bank borrowings to meet funding needs[119]. - The company aims to enhance cash inflow by pursuing opportunities to sell equity in several project development companies[18]. - The company is actively negotiating debt restructuring with lenders to utilize proceeds from new borrowing plans[18]. - The company will actively seek diversified financing channels and strategic partners to enhance the stability of its capital chain[72]. Dividends and Shareholder Returns - The board of directors resolved not to declare a final dividend for the year ended December 31, 2024[2]. - The company did not declare a final dividend for the year ending December 31, 2024, consistent with the previous year[40]. - The board resolved not to declare a final dividend for the year ending December 31, 2024[122]. Projects and Development - The total completed building area at the end of the reporting period was approximately 3,282,916 square meters, with land reserves totaling approximately 2,173,365 square meters[79]. - The group has approximately 842,232 square meters of properties under development and 1,138,225 square meters planned for future development[79]. - The total area of properties under development and future development as of December 31, 2024, is 921,746 square meters[90]. - The company aims to develop high-quality improvement housing as a key product development direction to meet consumer demand for high-quality living environments[73]. - The company plans to focus on inventory reduction and expanding the improvement housing market as core strategic directions for 2025[72]. - The company has ongoing projects in multiple cities, including Shanxi, Sichuan, and Hainan, indicating a diversified market presence[85]. Employee and Corporate Governance - The group had 194 employees at the end of the reporting period, with employee costs amounting to approximately RMB 22.7 million[120]. - The audit committee, consisting of three independent non-executive directors, has reviewed the company's accounting principles and policies, ensuring compliance with applicable accounting standards and regulations[129]. - The company has maintained sufficient public float as per the requirements of the Stock Exchange as of the announcement date[128]. Other Financial Information - The company has no significant revenue from any single customer accounting for 10% or more of total revenue during the reporting period[23]. - The company has not recognized any collateral for trade receivables, which are non-interest bearing and monitored closely[43]. - The company did not repurchase, sell, or redeem any of its listed securities during the reporting period[126]. - There were no treasury shares held by the company at the end of the reporting period[127]. - The annual performance announcement has been published on both the Stock Exchange and the company's website, with the annual report for the year ending December 31, 2024, to be published in due course[131].