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11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國城市基礎設施集團有限公司（於開曼群島註冊成立之有限公司） 呈交日期: 2025年12月2日 I. 法定/註冊股本變動 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 02349 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 3,128,278,542 | | 0 | | 3,128,278,542 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 3,128,278,542 | | 0 | | 3,128, ...

本月底法定/註冊股本總額： HKD 500,000,000 FF301 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10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: 中國城市基礎設施集團有限公司（於開曼群島註冊成立之有限公司） 呈交日期: 2025年11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) | 02349 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD ...

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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國城市基礎設施集團有限公司（於開曼群島註冊成立之有限公司） 呈交日期: 2025年10月2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) | 02349 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | 本月底法定/註 ...

Financial Performance - Revenue for the six months ended June 30, 2025, was HKD 25,049,000, a decrease of 3.5% compared to HKD 25,954,000 in the same period of 2024[9] - Gross profit for the same period was HKD 14,473,000, down 18.5% from HKD 17,696,000 year-over-year[9] - The company reported a pre-tax loss of HKD 53,238,000, compared to a loss of HKD 42,574,000 in the previous year, reflecting a 25.1% increase in losses[9] - The company recorded a net loss of HKD 44,271,000 for the period, compared to a loss of HKD 36,433,000 in the same period last year, representing a 21.4% increase in net losses[11] - For the six months ended June 30, 2025, the company reported a total loss of HKD 44,271,000, compared to a loss of HKD 36,433,000 for the same period in 2024, indicating an increase in losses of approximately 21% year-over-year[15] - The company’s basic and diluted loss per share for the period was HKD 1.42, compared to HKD 1.16 in the previous year, indicating a worsening of per-share performance[9] - The group reported a loss attributable to owners of approximately HKD 44,300,000 for the six months ended June 30, 2025, compared to a loss of approximately HKD 36,400,000 for the six months ended June 30, 2024, mainly due to fair value losses on investment properties[65] Assets and Liabilities - The total assets as of June 30, 2025, were HKD 1,062,360,000, a slight decrease from HKD 1,069,099,000 at the end of 2024[12] - Non-current liabilities increased to HKD 423,887,000 from HKD 421,213,000, indicating a marginal rise in long-term obligations[14] - The company has a net current liability of approximately HKD 23,022,000 as of June 30, 2025, indicating potential liquidity challenges[22] - As of June 30, 2025, the company's total equity was HKD 590,275,000, a decrease from HKD 605,566,000 as of June 30, 2024, reflecting a decline of about 2.5%[15] - As of June 30, 2025, the group's total debt amounted to approximately HKD 371,000,000, an increase from HKD 358,100,000 as of December 31, 2024[67] - The debt-to-equity ratio increased to 62.2% as of June 30, 2025, compared to 57.9% as of December 31, 2024, indicating a higher level of financial leverage[68] Cash Flow - Cash and cash equivalents decreased to HKD 4,032,000 from HKD 9,721,000, indicating a significant reduction in liquidity[12] - The net cash used in operating activities for the six months ended June 30, 2025, was HKD (829,000), slightly improved from HKD (848,000) in the previous year[17] - The company generated a net cash inflow from investing activities of HKD 62,000 for the six months ended June 30, 2025, compared to a net cash outflow of HKD (805,000) in the same period of 2024[17] - The financing activities resulted in a net cash inflow of HKD 245,000 for the six months ended June 30, 2025, contrasting with a net cash outflow of HKD (2,266,000) in the previous year[17] - As of June 30, 2025, the company's cash and cash equivalents decreased to HKD 4,032,000 from HKD 9,991,000 at the end of June 2024, representing a decline of approximately 59.7%[17] Revenue Sources - The company operates in three main segments: property development, property investment, and property management, focusing on projects in China[25] - Total revenue and external sales for the six months ended June 30, 2025, amounted to HKD 25,049,000, a decrease from HKD 25,954,000 for the same period in 2024, representing a decline of approximately 3.5%[27] - The total rental income from investment properties was HKD 16,869,000 for the six months ended June 30, 2025, down from HKD 17,867,000 in 2024, showing a decline in rental revenue[34] - Rental income from the Future City shopping center was approximately HKD 14,900,000 for the six months ended June 30, 2025, down from HKD 17,400,000 for the same period in 2024, a decrease of 14.4%[54] - The segment operating performance showed a loss of HKD 261,000 in development business, while investment and management businesses reported profits of HKD 8,795,000 and HKD 546,000 respectively, leading to a total segment operating profit of HKD 9,080,000[27] Expenses - The total employee costs, including directors' remuneration, increased to HKD 11,045,000 for the six months ended June 30, 2025, up from HKD 10,062,000 in 2024, marking an increase of approximately 9.8%[34] - The company incurred financial expenses of HKD 19,377,000 for the six months ended June 30, 2025, a decrease from HKD 20,924,000 in 2024, reflecting a reduction in borrowing costs[30] - Administrative expenses decreased by approximately 12.9% to about HKD 12,100,000 for the current period, down from HKD 13,900,000 for the six months ended June 30, 2024, due to reductions in legal, professional fees, and employee costs[62] - Financial expenses decreased to approximately HKD 19,400,000 for the current period, down from HKD 20,900,000 for the six months ended June 30, 2024, primarily due to a reduction in interest expenses of about HKD 1,700,000[63] Strategic Initiatives - The company plans to accelerate the collection of overdue trade receivables and implement cost control measures to manage sales costs and administrative expenses[23] - The company is actively seeking potential projects compatible with its main business to support further development[53] - The management is actively seeking potential projects that align with the group's core business, particularly in infrastructure-related sectors, amid a complex and challenging operating environment[69] Shareholder Information - Major shareholders include LIHL with 728,912,000 shares (23.30%) and CFIIL with 698,079,429 shares (22.32%) as of June 30, 2025[78] - The company did not declare an interim dividend for the six months ended June 30, 2025, consistent with the previous year[35] - The company did not declare an interim dividend for the period, consistent with the previous year[88] Other Information - The company has not adopted any new accounting standards that would significantly impact its financial reporting for the current period[21] - The company did not sell any investment properties during the six months ended June 30, 2025, maintaining its investment portfolio unchanged[38] - The company established Wuhan Future City Property Management Co., Ltd. to manage the Future City shopping center, generating property management revenue of approximately HKD 8,200,000 for the six months ended June 30, 2025[56] - The audit committee, composed of independent non-executive directors, reviewed the group's unaudited financial performance for the period[96] - No significant investments or capital asset agreements were signed during the reporting period, and no major acquisitions or disposals occurred[90][92]

呈交日期: 2025年9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) | 02349 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | 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 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 公司名稱: 中國城市基礎設施集團有限公司（於開曼群島註冊成立之有限公司） 本月底法定/註冊 ...

Group 1 - The company reported a revenue of HKD 25.049 million for the six months ending June 30, 2025, representing a year-on-year decrease of 3.49% [1] - The attributable loss to shareholders was HKD 44.271 million, which expanded by 21.51% compared to the previous year [1] - The loss per share was HKD 0.0142 [1]

[Summary](index=1&type=section&id=%E6%91%98%E8%A6%81) The company experienced a decline in turnover and gross profit, an increased fair value loss on investment properties, and a higher net loss for the period Key Financial Highlights | Metric | H1 2025 (HK$ thousand) | H1 2024 (HK$ thousand) | Change | | :--- | :--- | :--- | :--- | | Turnover | 25,049 | 25,594 | -2.13% | | Gross Profit | 14,473 | 17,696 | -18.2% | | Gross Profit Margin | 57.8% | 68.2% | -10.4% | | Fair Value Loss on Investment Properties | 35,870 | 24,565 | +46.02% | | Net Loss for the Period | 44,271 | 36,433 | +21.51% | | Total Assets (End of Period) | 1,062,360 | 1,069,099 (Dec 31, 2024) | -0.63% | [Interim Results](index=2&type=section&id=%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE) This section presents the condensed consolidated financial statements, including statements of profit or loss, comprehensive income, and financial position [Condensed Consolidated Statement of Profit or Loss](index=2&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E8%A1%A8) For the six months ended June 30, 2025, the company's turnover decreased year-on-year, while cost of sales increased, leading to a reduction in gross profit, and a significant increase in fair value loss on investment properties expanded the loss for the period to HK$44,271 thousand Condensed Consolidated Statement of Profit or Loss | Metric | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Turnover | 25,049 | 25,954 | | Cost of Sales | (10,576) | (8,258) | | Gross Profit | 14,473 | 17,696 | | Fair Value Loss on Investment Properties | (35,870) | (24,565) | | Finance Costs | (19,377) | (20,924) | | Loss Before Tax | (53,238) | (42,574) | | Income Tax Credit | 8,967 | 6,141 | | Loss for the Period | (44,271) | (36,433) | [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=3&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) During the reporting period, the company's loss for the period was HK$44,271 thousand, but positive exchange differences from foreign operations significantly reduced the total comprehensive expense for the period (net of tax) to HK$11,222 thousand, a substantial improvement from the prior year Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | Metric | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Loss for the Period | (44,271) | (36,433) | | Exchange Differences Arising from Translation of Foreign Operations | 32,865 | (14,636) | | Total Comprehensive Expense for the Period (Net of Tax) | (11,222) | (50,833) | [Condensed Consolidated Statement of Financial Position](index=4&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E5%A0%B1%E8%A1%A8) As of June 30, 2025, the company's total assets slightly decreased, with investment properties remaining the primary component of non-current assets, and net current liabilities increased, indicating liquidity pressure Condensed Consolidated Statement of Financial Position | Metric | June 30, 2025 (HK$ thousand) | Dec 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | **Assets** | | | | Investment Properties | 1,034,505 | 1,036,596 | | Bank Balances and Cash | 4,032 | 9,721 | | **Total Assets** | **1,062,360** | **1,069,099** | | **Equity and Liabilities** | | | | Equity Attributable to Owners of the Company | 590,274 | 601,496 | | Borrowings - Due After One Year | 359,997 | 349,576 | | Borrowings - Due Within One Year | 10,989 | 8,510 | | **Total Liabilities** | **472,085** | **467,602** | | Net Current Liabilities | (23,022) | (17,833) | [Notes to the Condensed Consolidated Financial Statements](index=6&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8%E9%99%84%E8%A8%BB) This section provides detailed explanations and disclosures regarding the preparation basis, accounting policies, segment information, and other financial statement items [1. Basis of Preparation](index=6&type=section&id=1.%20%E7%B7%A8%E8%A3%BD%E5%9F%BA%E6%BA%96) The company, incorporated in the Cayman Islands, primarily engages in property investment, development, and management in China, with condensed consolidated interim financial information prepared on a going concern basis despite net current liabilities - The company's principal activities are property investment, development, and management in China[8](index=8&type=chunk) - The condensed consolidated financial statements are prepared on a going concern basis, as the directors expect the company to have sufficient liquidity to meet its financial obligations, despite net current liabilities of approximately **HK$23,022 thousand**[10](index=10&type=chunk) - The company plans to maintain its going concern through mortgage loan financing, accelerated collection of receivables, and cost control measures[12](index=12&type=chunk) [2. Significant Accounting Policies](index=7&type=section&id=2.%20%E4%B8%BB%E8%A6%81%E6%9C%83%E8%A8%88%E6%94%BF%E7%AD%96) The condensed consolidated interim financial information is prepared on a historical cost basis, with certain properties and financial instruments measured at fair value, and new or revised HKFRSs applied in this period had no significant impact on the financial information - Financial information is prepared on a historical cost basis, with certain properties and financial instruments measured at fair value[11](index=11&type=chunk) - New and revised Hong Kong Financial Reporting Standards (such as HKAS 21 Amendment) applied for the first time in this period had no significant impact on the condensed consolidated interim financial information[13](index=13&type=chunk) [3. Segment Information](index=8&type=section&id=3.%20%E5%88%86%E9%83%A8%E8%B3%87%E6%96%99) The Group's operating segments include property development, property investment, and property management businesses, with property investment being the main revenue source, though its turnover and operating results declined, and fair value loss on investment properties significantly increased - The Group's operating segments include property development business, property investment business, and property management business[15](index=15&type=chunk) Segment Turnover and Results (For the six months ended June 30, 2025) | Segment | Turnover (HK$ thousand) | Segment Operating Results (HK$ thousand) | | :--- | :--- | :--- | | Property Development Business | – | (261) | | Property Investment Business | 16,869 | 8,795 | | Property Management Business | 8,180 | 546 | | **Total** | **25,049** | **9,080** | Segment Turnover and Results (For the six months ended June 30, 2024) | Segment | Turnover (HK$ thousand) | Segment Operating Results (HK$ thousand) | | :--- | :--- | :--- | | Property Development Business | – | (401) | | Property Investment Business | 17,867 | 9,188 | | Property Management Business | 8,087 | 2,227 | | **Total** | **25,954** | **11,014** | - Fair value loss on investment properties increased from **HK$24,565 thousand** in the prior year period to **HK$35,870 thousand** in the current period[17](index=17&type=chunk)[18](index=18&type=chunk) [4. Finance Costs](index=11&type=section&id=4.%20%E8%B2%A1%E5%8B%99%E8%B2%BB%E7%94%A8) For the six months ended June 30, 2025, total finance costs decreased to HK$19,377 thousand from HK$20,924 thousand in the prior year, primarily due to reduced interest expenses on bank loans and other borrowings Composition of Finance Costs | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Interest expense on bank loans and other borrowings | 19,256 | 20,909 | | Interest expense on lease liabilities | 121 | 15 | | **Total** | **19,377** | **20,924** | [5. Income Tax Credit](index=11&type=section&id=5.%20%E6%89%80%E5%BE%97%E7%A8%85%E6%8A%B5%E5%85%8D) The income tax credit for the period was HK$8,967 thousand, mainly arising from deferred tax credit on fair value loss on investment properties, with the company not subject to current tax in Hong Kong and China Income Tax Credit | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Current tax expense for the period | – | – | | Deferred tax credit for the period | (8,967) | (6,141) | | **Total** | **(8,967)** | **(6,141)** | - The income tax credit is primarily attributable to deferred tax credit arising from fair value loss on investment properties[41](index=41&type=chunk) [6. Loss for the Period](index=12&type=section&id=6.%20%E6%9C%9F%E9%96%93%E8%99%A7%E6%90%8D) The loss for the period was HK$44,271 thousand, primarily influenced by employee costs, depreciation, net rental income from investment properties, and related operating expenses Components of Loss for the Period | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Total employee costs | 11,045 | 10,062 | | Depreciation of property, plant and equipment | 59 | 82 | | Depreciation of right-of-use assets | 1,220 | 1,486 | | Net rental income from investment properties | (11,397) | (14,032) | [7. Dividends](index=13&type=section&id=7.%20%E8%82%A1%E6%81%AF) The Board of Directors does not recommend the payment of an interim dividend for the six months ended June 30, 2025 - The Board of Directors does not recommend the payment of an interim dividend for the current period[24](index=24&type=chunk)[51](index=51&type=chunk) [8. Loss Per Share](index=13&type=section&id=8.%20%E6%AF%8F%E8%82%A1%E8%99%A7%E6%90%8D) For the six months ended June 30, 2025, basic loss per share expanded to 1.42 HK cents, compared to 1.16 HK cents in the prior year Loss Per Share | Metric | 2025 (HK cents) | 2024 (HK cents) | | :--- | :--- | :--- | | Basic Loss Per Share | (1.42) | (1.16) | - The weighted average number of ordinary shares used for calculating basic and diluted loss per share was **3,128,278,542 shares**[25](index=25&type=chunk) [9. Trade and Other Receivables](index=14&type=section&id=9.%20%E8%B2%BF%E6%98%93%E6%87%89%E6%94%B6%E8%B3%A6%E6%AC%BE%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85) As of June 30, 2025, total trade and other receivables increased to HK$21,120 thousand from December 31, 2024, with trade receivables over 180 days accounting for the largest portion Trade and Other Receivables | Item | June 30, 2025 (HK$ thousand) | Dec 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Trade receivables (net of allowance) | 12,754 | 10,500 | | Prepayments and deposits | 5,705 | 5,246 | | Other receivables (net of allowance) | 8,366 | 8,318 | | **Total** | **21,120** | **18,818** | Ageing Analysis of Trade Receivables (Net of Credit Loss Allowance) | Ageing | June 30, 2025 (HK$ thousand) | Dec 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Within 90 days | 2,838 | 2,536 | | 91 to 180 days | 3,009 | 1,251 | | Over 180 days | 6,907 | 6,713 | | **Total** | **12,754** | **10,500** | [10. Trade and Other Payables](index=15&type=section&id=10.%20%E8%B2%BF%E6%98%93%E6%87%89%E4%BB%98%E8%B3%A6%E6%AC%BE%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E4%BB%98%E6%AC%BE%E9%A0%85) As of June 30, 2025, total trade and other payables were HK$25,339 thousand, slightly lower than December 31, 2024, with trade payables over 180 days representing a significant portion Trade and Other Payables | Item | June 30, 2025 (HK$ thousand) | Dec 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Trade payables | 6,791 | 6,187 | | Interest payable | 794 | 1,150 | | Accrued expenses and other taxes payable | 6,641 | 6,736 | | Other payables | 11,113 | 11,969 | | **Total** | **25,339** | **26,042** | - Trade payables primarily include demolition costs for the former hotel business, construction materials, property inventories, and unpaid amounts for investment property construction projects[27](index=27&type=chunk) [Management Discussion and Analysis](index=16&type=section&id=%E7%AE%A1%E7%90%86%E5%B1%A4%E8%A8%8E%E8%AB%96%E5%8F%8A%E5%88%86%E6%9E%90) This section provides an overview of the Group's business and financial performance, including segment reviews, financial highlights, liquidity, and future outlook [Business Review](index=16&type=section&id=%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7) The Group primarily engages in real estate-related businesses, including property investment and property management, with property investment experiencing a decline in rental income and average occupancy, while property management revenue slightly increased and expanded with a new Henan branch [Property Investment Business](index=16&type=section&id=%E7%89%A9%E6%A5%AD%E6%8A%95%E8%B3%87%E6%A5%AD%E5%8B%99) The Group primarily conducts property investment through Future City Shopping Mall and its car park, both of which experienced a decrease in rental income and average occupancy, leading to a slight reduction in the total fair value of investment properties - Future City Shopping Mall has a total leasable area of approximately **55,029 sqm**, with a fair value of approximately **HK$926,400 thousand** as of June 30, 2025[30](index=30&type=chunk) Future City Rental Income and Occupancy Rate | Metric | For the six months ended June 30, 2025 | For the six months ended June 30, 2024 | | :--- | :--- | :--- | | Rental Income | Approx. HK$14,900 thousand | Approx. HK$17,400 thousand | | Average Occupancy Rate | Approx. 88.2% | Approx. 89.8% | - As of June 30, 2025, the Group held investment properties with a total fair value of approximately **HK$1,034,500 thousand**, slightly lower than **HK$1,036,600 thousand** as of December 31, 2024[33](index=33&type=chunk) [Property Management Business](index=17&type=section&id=%E7%89%A9%E6%A5%AD%E7%AE%A1%E7%90%86%E6%A5%AD%E5%8B%99) Property management business revenue slightly increased, primarily due to the establishment of the Henan branch and contributions from new contracts Property Management Business Revenue | Metric | For the six months ended June 30, 2025 | For the six months ended June 30, 2024 | | :--- | :--- | :--- | | Revenue | Approx. HK$8,200 thousand | Approx. HK$8,100 thousand | - Wuhan Future City Property Management Co., Ltd. Henan Branch generated approximately **HK$1,700 thousand** in property management service income during the period[34](index=34&type=chunk) [Financial Review](index=17&type=section&id=%E8%B2%A1%E5%8B%99%E5%9B%9E%E9%A1%A7) This section provides a detailed analysis of changes in various financial indicators during the reporting period, showing a decline in turnover, an increase in cost of sales, a significant drop in gross profit and gross profit margin, an expanded fair value loss on investment properties, but reduced administrative and finance costs, ultimately leading to an increased loss attributable to owners of the company [Turnover](index=17&type=section&id=%E7%87%9F%E6%A5%AD%E9%A1%8D) Turnover for the period decreased to approximately HK$25,000 thousand, mainly due to reduced rental income from Future City and lower property management income Turnover Comparison | Metric | For the six months ended June 30, 2025 | For the six months ended June 30, 2024 | | :--- | :--- | :--- | | Total Turnover | Approx. HK$25,000 thousand | Approx. HK$26,000 thousand | | Property Investment Business Turnover | Approx. HK$16,900 thousand | Approx. HK$17,900 thousand | | Property Management Business Turnover | Approx. HK$8,200 thousand | Approx. HK$8,100 thousand | [Cost of Sales](index=18&type=section&id=%E9%8A%B7%E5%94%AE%E6%88%90%E6%9C%AC) Cost of sales increased to approximately HK$10,600 thousand, primarily due to increased property management service costs for the Henan branch and higher staff costs for two car parks Cost of Sales Comparison | Metric | For the six months ended June 30, 2025 | For the six months ended June 30, 2024 | | :--- | :--- | :--- | | Total Cost of Sales | Approx. HK$10,600 thousand | Approx. HK$8,200 thousand | | Property Investment Segment Cost of Sales | Approx. HK$5,500 thousand | HK$3,800 thousand | | Property Management Business Cost of Sales | Approx. HK$5,100 thousand | HK$4,400 thousand | [Gross Profit and Gross Profit Margin](index=18&type=section&id=%E6%AF%9B%E5%88%A9%E5%8F%8A%E6%AF%9B%E5%88%A9%E7%8E%87) Gross profit decreased to approximately HK$14,500 thousand, with the overall gross profit margin declining to 57.8%, mainly due to a decrease in the gross profit margin of the property investment business Gross Profit and Gross Profit Margin Comparison | Metric | For the six months ended June 30, 2025 | For the six months ended June 30, 2024 | | :--- | :--- | :--- | | Gross Profit | Approx. HK$14,500 thousand | HK$17,700 thousand | | Overall Gross Profit Margin | 57.8% | 68.2% | [Changes in Fair Value of Investment Properties](index=18&type=section&id=%E6%8A%95%E8%B3%87%E7%89%A9%E6%A5%AD%E7%9A%84%E5%85%AC%E5%B9%B3%E5%80%BC%E8%AE%8A%E5%8B%95) Fair value loss on investment properties expanded to approximately HK$35,900 thousand, an increase from the prior year period Fair Value Loss on Investment Properties | Metric | For the six months ended June 30, 2025 | For the six months ended June 30, 2024 | | :--- | :--- | :--- | | Fair Value Loss | Approx. HK$35,900 thousand | Approx. HK$24,600 thousand | [Administrative Expenses](index=18&type=section&id=%E8%A1%8C%E6%94%BF%E9%96%8B%E6%94%AF) Administrative expenses decreased by approximately 12.9% to approximately HK$12,100 thousand, primarily due to reduced legal and professional fees and staff costs Administrative Expenses Comparison | Metric | For the six months ended June 30, 2025 | For the six months ended June 30, 2024 | | :--- | :--- | :--- | | Administrative Expenses | Approx. HK$12,100 thousand | Approx. HK$13,900 thousand | [Finance Costs](index=19&type=section&id=%E8%B2%A1%E5%8B%99%E8%B2%BB%E7%94%A8) Finance costs decreased to approximately HK$19,400 thousand, mainly due to reduced interest expenses on borrowings Finance Costs Comparison | Metric | For the six months ended June 30, 2025 | For the six months ended June 30, 2024 | | :--- | :--- | :--- | | Finance Costs | Approx. HK$19,400 thousand | Approx. HK$20,900 thousand | [Income Tax Credit](index=19&type=section&id=%E6%89%80%E5%BE%97%E7%A8%85%E6%8A%B5%E5%85%8D) Income tax credit increased to approximately HK$9,000 thousand, primarily attributable to deferred tax credit arising from fair value loss on investment properties Income Tax Credit Comparison | Metric | For the six months ended June 30, 2025 | For the six months ended June 30, 2024 | | :--- | :--- | :--- | | Income Tax Credit | Approx. HK$9,000 thousand | Approx. HK$6,100 thousand | [Loss Attributable to Owners of the Company](index=19&type=section&id=%E6%9C%AC%E5%85%AC%E5%8F%B8%E6%93%81%E6%9C%89%E4%BA%BA%E6%87%89%E4%BD%94%E8%99%A7%E6%90%8D) Loss attributable to owners of the company expanded to approximately HK$44,300 thousand, primarily due to the increased fair value loss on investment properties Loss Attributable to Owners of the Company Comparison | Metric | For the six months ended June 30, 2025 | For the six months ended June 30, 2024 | | :--- | :--- | :--- | | Loss | Approx. HK$44,300 thousand | Approx. HK$36,400 thousand | [Liquidity, Financial and Capital Resources](index=19&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91%E3%80%81%E8%B2%A1%E5%8B%99%E5%8F%8A%E8%B3%87%E6%9C%AC%E8%B3%87%E6%BA%90) The Group's cash position declined, total debt increased, and most investment properties are pledged, with both gearing ratio and current ratio indicating increased financial leverage and liquidity pressure [Cash Position](index=19&type=section&id=%E7%8F%BE%E9%87%91%E7%8B%80%E6%B3%81) As of June 30, 2025, total bank balances and cash decreased to approximately HK$4,000 thousand Bank Balances and Cash | Metric | June 30, 2025 (HK$ thousand) | Dec 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Bank Balances and Cash | Approx. HK$4,000 thousand | HK$9,700 thousand | [Borrowings and Pledges of the Group's Assets](index=19&type=section&id=%E5%80%9F%E6%AC%BE%E5%8F%8A%E6%9C%AC%E9%9B%86%E5%9C%98%E8%B3%87%E7%94%A2%E7%9A%84%E6%8A%B5%E6%8A%BC) The Group's total debt increased to approximately HK$371,000 thousand, with most due after one year, and approximately HK$435,600 thousand of investment properties are pledged as collateral for bank financing Total Debt | Metric | June 30, 2025 (HK$ thousand) | Dec 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Total Debt | Approx. HK$371,000 thousand | HK$358,100 thousand | | Due Within One Year | Approx. HK$11,000 thousand | Approx. HK$8,500 thousand | | Due After One Year | Approx. HK$360,000 thousand | Approx. HK$349,600 thousand | - Approximately **HK$435,600 thousand** of investment properties are pledged as collateral for bank financing[45](index=45&type=chunk) [Gearing Ratio and Current Ratio](index=20&type=section&id=%E8%B3%87%E7%94%A2%E8%B2%A0%E5%82%B5%E6%AF%94%E7%8E%87%E5%8F%8A%E6%B5%81%E5%8B%95%E6%AF%94%E7%8E%87) As of June 30, 2025, the gearing ratio increased to 62.2%, and the current ratio decreased to 0.52, indicating increased financial leverage and weakened liquidity Financial Ratios | Metric | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | Gearing Ratio | 62.2% | 57.9% | | Current Ratio | 0.52 | 0.62 | [Prospects and Future Plans](index=20&type=section&id=%E5%89%8D%E6%99%AF%E5%8F%8A%E6%9C%AA%E4%BE%86%E8%A8%88%E5%8B%92) Looking ahead to the second half, the global political and economic environment remains complex and challenging, with the Chinese economy facing difficulties, and the Group will closely monitor market changes, respond flexibly, and actively seek potential projects aligned with its core businesses, including infrastructure-related ventures - Global political instability and a complex and challenging operating environment persist, with the Chinese economy facing a difficult recovery[47](index=47&type=chunk) - Management will closely monitor domestic and international political and economic developments and market trends, responding flexibly and making prudent decisions[47](index=47&type=chunk) - Actively seeking potential projects aligned with the Group's principal businesses, including infrastructure-related businesses[47](index=47&type=chunk) [Contingent Liabilities and Commitments](index=20&type=section&id=%E6%88%96%E7%84%B6%E8%B2%A0%E5%82%B5%E5%8F%8A%E6%89%BF%E6%93%94) As of the end of the reporting period, the Group had no significant contingent liabilities and commitments - As of June 30, 2025, and December 31, 2024, the Group had no significant contingent liabilities and commitments[48](index=48&type=chunk) [Events After Reporting Period](index=20&type=section&id=%E5%A0%B1%E5%91%8A%E6%9C%9F%E5%BE%8C%E4%BA%8B%E9%A0%85) As of the date of this announcement, no significant events occurred after the reporting period - As of the date of this announcement, there were no significant events after the reporting period[49](index=49&type=chunk) [Other Information](index=21&type=section&id=%E5%85%B6%E4%BB%96%E8%B3%87%E6%96%99) This section covers details regarding employees, remuneration policy, interim dividends, share transactions, directors' securities dealings, corporate governance, and audit committee activities [Employees and Remuneration Policy](index=21&type=section&id=%E5%83%B1%E5%93%A1%E5%8F%8A%E8%96%AA%E9%85%AC%E6%94%BF%E7%AD%96) As of June 30, 2025, the Group's total number of employees increased to 121, with a corresponding increase in total staff costs Employee Count and Costs | Metric | June 30, 2025 | June 30, 2024 | | :--- | :--- | :--- | | Total Employees | 121 employees | 114 employees | | Total Staff Costs | Approx. HK$10,500 thousand | Approx. HK$10,100 thousand | [Interim Dividend](index=21&type=section&id=%E4%B8%AD%E6%9C%9F%E8%82%A1%E6%81%AF) The Board of Directors resolved not to declare an interim dividend for the current period - The Board of Directors resolved not to declare an interim dividend for the current period[51](index=51&type=chunk) [Purchase, Sale or Redemption of the Company's Shares](index=21&type=section&id=%E8%B2%B7%E8%B3%A3%E5%8F%8A%E8%B4%96%E5%9B%9E%E6%9C%AC%E5%85%AC%E5%8F%B8%E8%82%A1%E4%BB%BD) During the period, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's ordinary shares - During the period, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's ordinary shares[52](index=52&type=chunk) [Standard Code for Securities Transactions by Directors](index=21&type=section&id=%E8%91%A3%E4%BA%8B%E9%80%B2%E8%A1%8C%E8%AD%89%E5%88%B8%E4%BA%A4%E6%98%93%E7%9A%84%E6%A8%99%E6%BA%96%E5%AE%88%E5%89%87) All directors confirmed compliance with the Standard Code as set out in Appendix C3 of the Listing Rules of the Stock Exchange throughout the period - All directors confirmed compliance with the Standard Code as set out in Appendix C3 of the Listing Rules of the Stock Exchange throughout the period[53](index=53&type=chunk) [Compliance with Corporate Governance Code](index=22&type=section&id=%E9%81%B5%E5%AE%88%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E5%AE%88%E5%89%87) The company has complied with the Corporate Governance Code, with two deviations: the Chairman and Chief Executive Officer roles are combined, and the Chairman is not subject to retirement by rotation, which the Board believes contributes to business strategy execution and strong leadership - There are two deviations from the Corporate Governance Code: the roles of Chairman and Chief Executive Officer are combined (Code Provision A.2.1), and the Chairman is not subject to retirement by rotation (Code Provision A.4.2)[54](index=54&type=chunk)[55](index=55&type=chunk) - The Board believes these deviations contribute to the execution of business strategies, enhanced operational efficiency, and strong, consistent leadership[54](index=54&type=chunk)[55](index=55&type=chunk) [Audit Committee](index=23&type=section&id=%E5%AF%A9%E6%A0%B8%E5%A7%94%E5%93%A1%E6%9C%83) The Audit Committee, comprising three independent non-executive directors, has reviewed the Group's unaudited condensed consolidated financial results for the period - The Audit Committee comprises Mr. Wu Chi Hao (Chairman), Mr. Kwok Kin Wah, and Ms. Kwong Mei Wan, all independent non-executive directors[57](index=57&type=chunk) - The Audit Committee has reviewed the Group's unaudited condensed consolidated financial results for the period[58](index=58&type=chunk) [Publication of Interim Results and Interim Report](index=23&type=section&id=%E5%85%AC%E4%BD%88%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE%E5%8F%8A%E4%B8%AD%E6%9C%9F%E5%A0%B1%E5%91%8A) This results announcement has been published on the Stock Exchange and the company's website, and the interim report will be dispatched to shareholders and published in due course - This results announcement has been published on the Stock Exchange website www.hkexnews.hk and the company's website www.city-infrastructure.com[59](index=59&type=chunk) - The 2025 Interim Report will be dispatched to shareholders in due course and will be published on the Stock Exchange and the company's website[59](index=59&type=chunk) [By Order of the Board](index=23&type=section&id=%E6%89%BF%E8%91%A3%E4%BA%8B%E6%9C%83%E5%91%BD) This section lists the signatories of this announcement and the Board of Directors' members - The Board of Directors includes Executive Directors Mr. Li Chao Bo (Chairman and Chief Executive Officer) and Mr. Ji Jiaming; Non-executive Director Mr. Zhang Guiqing; and Independent Non-executive Directors Mr. Wu Chi Hao, Mr. Kwok Kin Wah, and Ms. Kwong Mei Wan[61](index=61&type=chunk)

Core Viewpoint - The company, China Urban Infrastructure (02349.HK), has announced a board meeting scheduled for August 29, 2025, to review and approve the unaudited consolidated financial statements for the six months ending June 30, 2025, and to consider the payment of an interim dividend, among other matters [1] Financial Summary - The board meeting will focus on the unaudited consolidated financial statements for the six months ending June 30, 2025 [1] - The company will also consider the potential payment of an interim dividend during this meeting [1] - Other unspecified matters will be addressed in the board meeting [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，概不對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。 （於開曼群島註冊成立之有限公司） （股份代號：2349） 董事會會議召開日期 中國城市基礎設施集團有限公司（「本公司」）董事會（「董事會」）宣佈，謹訂於二零 二五年八月二十九日（星期五）舉行董事會會議，藉以（其中包括）審議及批准本公司 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綜合財務報表，以及 考慮派付中期股息（如有），以及處理其他事項。 承董事會命 中國城市基礎設施集團有限公司 公司秘書 陳愷賢 香港，二零二五年八月十五日 於本公告日期，董事會成員包括執行董事李朝波先生（主席兼行政總裁）及季加銘先 生；非執行董事張貴卿先生；以及獨立非執行董事吳志豪先生、郭堅華先生及鄺美 雲女士。 ...

截至月份: 2025年7月31日 狀態: 新提交 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 致：香港交易及結算所有限公司 公司名稱: 中國城市基礎設施集團有限公司（於開曼群島註冊成立之有限公司） 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) | 02349 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | 本月底法定/註冊 ...