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: 2026年3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: 寶業集團股份有限公司 (於中華人民共和國註冊成立之股份有限公司) 呈交日期: 2026年4月1日 I. 法定/註冊股本變動 1. 股份分類 普通股 股份類別 H 於香港聯交所上市 (註1) 是 證券代號 (如上市) 02355 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 169,886,000 0 169,886,000 增加 / 減少 (-) 0 0 本月底結存 169,886,000 0 169,886,000 足夠公眾持股量的確認(註4) | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《GEM上市規則》第17.37D(1)條或第25.21D(1)條，我們在此確認，就上述所列股份類別而言，截至本月底: | | --- | | ✔ 已符合適用的公眾持股量要求（見下方） | | 未符合適用的公眾持股量要求（見下方） | | 根據《主板上市規則》第13.32B條 ...

| | 股東類型 | 稅率 | 有關代預扣所得稅之更多補充 | | --- | --- | --- | --- | | | | | （如適用） | | | 非居民企業 | | | | | （非中國內地登記地址） | 10% | 任何以非個人股東名義，包括以香 | | | | | 港中央結算（代理人）有限公司、 | | | | | 其他代理人或受託人，或其他組織 | | | | | 及團體名義登記的H股皆被視為非 | | | | | 居民企業股東所持的股份，其應得 | | | | | 之股息將被扣除企業所得稅。 | | | 非個人居民 | | | | | （非中國內地登記地址） | 10% | H股個人股東為香港或澳門居民或 | | | | | 其他與中國簽訂10%股息稅率的稅 | | | | | 收協定的國家（地區）的居民，本 | | | | | 公司派發末期股息時將按10%的稅 | | | | | 率代扣代繳個人所得稅。 | | | 非個人居民 | | | | | （非中國內地登記地址） | 10% | H股個人股東為與中國簽訂低於 | | | | | 10%股息稅率的稅收協定的國家 | | | | | （ ...

Financial Performance - For the year ending December 31, 2025, the company reported a revenue of RMB 19,946,668 thousand, compared to RMB 22,338,716 thousand in 2024, indicating a decrease of approximately 10.67%[5] - The gross profit for 2025 was RMB 1,480,055 thousand, down from RMB 1,741,682 thousand in 2024, reflecting a decline of about 15.03%[5] - The operating profit for 2025 was RMB 673,188 thousand, compared to RMB 960,704 thousand in 2024, representing a decrease of approximately 30.00%[5] - The net profit attributable to the owners of the company for 2025 was RMB 289,644 thousand, down from RMB 501,243 thousand in 2024, a decline of about 42.14%[5] - The earnings per share for 2025 was RMB 0.56, compared to RMB 0.79 in 2024, indicating a decrease of approximately 29.11%[5] - Total comprehensive income for 2025 was RMB 201,147 thousand, compared to RMB 498,322 thousand in 2024, a decrease of about 59.69%[7] Assets and Liabilities - Non-current assets as of December 31, 2025, totaled RMB 2,984,549 thousand, compared to RMB 3,041,440 thousand in 2024, reflecting a decrease of approximately 1.83%[8] - Total assets amounted to RMB 42,227,621 thousand, a decrease from RMB 45,202,576 thousand[10] - Total liabilities were RMB 28,589,878 thousand, down from RMB 31,655,053 thousand[10] - Equity attributable to owners of the company was RMB 13,637,743 thousand, slightly up from RMB 13,547,523 thousand[10] - The company reported retained earnings of RMB 11,603,976 thousand, an increase from RMB 11,463,935 thousand[10] Cash Flow and Financial Position - Cash and cash equivalents reached RMB 6,468,851 thousand, significantly up from RMB 832,376 thousand[9] - The company has a net cash ratio of 43.3%, with cash and cash equivalents amounting to approximately RMB 6.47 billion[81] - The company's debt ratio is approximately 2.1 as of December 31, 2025, down from 2.3 in 2024, indicating improved financial stability[79] - By December 31, 2025, the company has approximately RMB 7.9 billion in unused bank credit facilities, providing ample financial resources for business expansion[79] Revenue Sources and Projections - The group's total revenue for the year ending December 31, 2025, is projected to be RMB 22,769,366, with a significant contribution from construction services at RMB 11,852,095[16] - The construction segment contributed RMB 11,852,095,000, accounting for 59% of total revenue, while property development contributed RMB 5,411,561,000, representing 27%[52] - The company anticipates recognizing revenue of RMB 14,135,006 from construction services for the year ending December 31, 2024[19] - The group expects to recognize RMB 14,893,177 in revenue from unfulfilled contracts within one year for 2025[24] Investment and Expenditures - The company made a new equity investment of RMB 71,731,000 to acquire a 9% stake in Zhejiang Provincial Construction Science and Design Research Institute[51] - The company recognized an impairment loss of RMB 157,588,000 for construction materials due to a decline in market demand, compared to RMB 38,432,000 in the previous year[73] - The group did not have any significant capital expenditure plans due to the complex economic environment[93] Employee and Operational Metrics - As of December 31, 2025, the group employed 5,823 employees, a decrease from 6,172 employees as of December 31, 2024[99] - The group incurred employee welfare expenses amounting to RMB 3,802,738,000 in 2025, which includes salaries, benefits, and other expenses[99] - The gender ratio of employees as of December 31, 2025, was approximately 69.44% male and 30.56% female, with ongoing efforts to improve the female employee ratio[100] Market Conditions and Strategic Focus - The construction industry is facing challenges due to macroeconomic slowdown and increased local financial pressures, leading to a significant reduction in market demand[54] - The company is strategically assessing project risks to ensure financial safety when undertaking new projects[55] - The real estate market remains in a correction phase, with the company focusing on reducing inventory under challenging market conditions[58] - The company plans to optimize its market layout, focusing on economically developed regions such as Jiangsu, Zhejiang, and Shanghai, while exploring opportunities in Southeast Asia and the Middle East[74] Corporate Governance and Reporting - The consolidated financial statements for the year ended December 31, 2025, were audited by PwC and received an unqualified opinion[108] - The annual report for the year ended December 31, 2025, will be sent to shareholders and published on the stock exchange and the company's website[109] - The board expresses heartfelt gratitude to shareholders, customers, suppliers, banks, intermediaries, and all employees for their continued support and trust in the group[110] - The announcement is made by the chairman, Pang Baogen, along with six executive directors and four independent non-executive directors[111] - The meeting is held on March 27, 2026, in Zhejiang, China[112]

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告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。 寶業集團股份有限公司 BAOYE GROUP COMPANY LIMITED* （於中華人民共和國註冊成立之股份有限公司） （股份代號：2355） 環境、社會及管治委員會 職權範圍 （於 2026 年 3 月 27 日生效） 寶業集團股份有限公司（「本公司」），連同其附屬公司（統稱爲「本集團」）的環境、社 會及管治（「ESG」）委員會（「ESG 委員會」、「委員會」） 乃根據本公司董事會（「董 事會」）於 2023 年 6 月 16 日通過之決議成立。委員會之職權範圍（「職權範圍」）乃由董 事會於 2026 年 3 月 27 日批准更新。職權範圍備有繁體中文及英文版本可供查閱，英文版本 為翻譯本，僅供參考。如兩個版本互有抵觸，以中文版為准。 1.組成 1.1 ESG 委員會由董事會從其董事中委任組成，委員會成員（「委員」）最少三名，多 數委員須為獨立非執行董事，所有委員經由董事會委任及罷免。 1.2 ES ...

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告全部或任何部分內 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。 寶業集團股份有限公司 BAOYE GROUP COMPANY LIMITED* （於中華人民共和國註冊成立之股份有限公司） （股份代號：2355） 建議修訂公司章程 寶業集團股份有限公司 主席 龐寶根 中國浙江省 本公告乃由寶業集團股份有限公司（「本公司」）遵照香港聯合交易所有限公司證券上市 規則（「上市規則」）第13.51(1)條的規定而作出。 本公司董事會（「董事會」）謹此宣佈於2026年3月27日舉行的董事會會議上審議及批准了 （其中包括）關於建議修改《寶業集團股份有限公司章程》（「公司章程」）的議案 （「建議修訂」）。 根據2024年7月1日正式生效的《中華人民共和國公司法（2023年修訂）》（「公司法」）， 為體現《公司法》之更新，同時為符合《上市規則》附錄A1 （核心的股東保障水準）（包 括採用電子通信方式召開股東會及股東可通過電子方式投票）,結合本公司實際情況和公司 治理實踐的需要，進一步提 ...

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文件的內容概不負責，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。 寶業集團股份有限公司（「本公司」）之董事會（「董事會」）宣佈，本公司將於 2026 年 3 月 27 日（星期五）舉行董事會會議，藉以討論之事項，（其中包括）批 准刊發本公司及其附屬公司截至 2025 年 12 月 31 日止年度之全年業績及考慮派 付末期股息之建議 (如有)。 承董事會命 寶業集團股份有限公司 龐寶根 主席 中華人民共和國 浙江 2026 年 3 月 13 日 寶業集團股份有限公司 BAOYE GROUP COMPANY LIMITED* （於中華人民共和國註冊成立之股份有限公司） （股票代碼：2355） 董事會會議召開日期 * 僅供識別 於本公告刊發日期，董事會包括董事長兼非執行董事龐寶根先生，六名執行董事高林先生、 高君先生、金吉祥先生、徐鋼先生、王榮標先生及夏鋒先生，以及四名獨立非執行董事李旺 榮先生、梁靜女士、肖建木先生及馮征先生。 ...

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: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 寶業集團股份有限公司 (於中華人民共和國註冊成立之股份有限公司) 呈交日期: 2026年3月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02355 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 169,886,000 | RMB | | 1 RMB | | 169,886,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 169,886,000 | RMB | | 1 RMB | | 169,886,000 | | 2. 股 ...

Performance and Operational Situation - The company's mid-year report for 2025 indicates a revenue of 8.503 billion, a year-on-year decrease of 33.42% [1] - The net profit attributable to shareholders is 141 million, reflecting a year-on-year decline of 62.29% [1] - Revenue from construction and real estate development has decreased by 34% and 46% respectively, with new contract amounts down by 36% [1] - The company plans to address industry downward pressure through cost reduction and efficiency improvement, focusing on urban renewal [1] Company Status - As of January 5, 2026, the company reported no changes in legal capital, issued shares, or treasury shares, with H-shares and unlisted shares remaining stable [2] - A stock incentive plan proposed in 2018 is mentioned, but no new shares have been issued or transferred recently [2] - Future implementation of this plan may impact the company's governance structure [2] Industry Policy and Environment - The company is experiencing a contraction in new contract scale due to the downturn in the real estate industry and intensified market competition [3] - Future attention is needed on real estate policy adjustments, the progress of urban renewal projects, and the company's efforts to turn around its construction materials business, which saw a slight revenue increase of 5% in the first half of 2025 but an expanded operating loss [3]

Core Viewpoint - The company reported a decline in both revenue and profit in its recent financial disclosures, yet its stock price experienced a slight increase on the announcement day [1]. Recent Events - On January 5, 2026, the company disclosed its monthly report on securities changes, indicating no changes in authorized share capital, issued shares, or treasury shares, with H-shares and unlisted shares remaining stable. The announcement also referenced a stock incentive plan proposed in 2018, but no new shares were issued or transferred this month. The stock closed at HKD 4.02, up 0.5% [2]. Performance and Operations - The mid-year report for 2025 (ending June 30, 2025) revealed revenue of CNY 8.503 billion, a year-on-year decrease of 33.42%. The net profit attributable to shareholders was CNY 141 million, down 62.29% year-on-year. Revenue from construction and real estate development dropped by 34% and 46%, respectively, while the construction materials segment saw a slight revenue increase of 5%, but with an expanded operating loss. The company maintained a net cash position with a debt ratio of approximately 2.3% [3]. Industry Policy and Environment - The decline in performance is primarily attributed to the downturn in the real estate sector and intensified market competition, with new engineering contract amounts decreasing by 36% year-on-year. The company plans to address these challenges through cost reduction, efficiency improvements, and a focus on urban renewal initiatives [4].

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: 2026年1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: 寶業集團股份有限公司 (於中華人民共和國註冊成立之股份有限公司) 呈交日期: 2026年2月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02355 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 169,886,000 RMB | | | 1 RMB | | 169,886,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 169,886,000 RMB | | | 1 RMB | | 169,886,000 | | 2. 股 ...