Group 1 - The core viewpoint of the article indicates that Baoye Group (02355.HK) anticipates a significant decline in both profit and revenue for the six months ending June 30, 2025, compared to the same period in 2024 [1] Group 2 - The company expects a decrease of approximately 63% in owner profit compared to the same period in 2024 [1] - The group forecasts a revenue decline of about 33% compared to the same period in 2024 [1] - The anticipated declines are primarily attributed to industry downturns affecting the company's construction and property development business, leading to substantial reductions in both revenue and profit [1]

Group 1 - The core viewpoint of the article indicates that Baoye Group (02355) anticipates a significant decline in owner profit and revenue for the six months ending June 30, 2025, compared to the same period in 2024 [1] - The company expects owner profit to decrease by approximately 63% compared to the same period in 2024 [1] - The group's revenue is projected to decline by about 33% compared to the same period in 2024 [1] Group 2 - The anticipated decline in profit and revenue is primarily attributed to the downturn in the industry, which has led to a substantial decrease in the income and profit from the group's construction and property development businesses [1]

寶業集團股份有限公司 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。 承董事會命 寶業集團股份有限公司 主席 龐寶根 2025年8月22日 中國浙江 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。 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） 盈利预警 本公告乃由寶業集團股份有限公司（「本公司」，連同其附屬公司，統稱「本集團」）根據 香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)(a)條及香港法例第571章 證券及期貨條例（「證券及期貨條例」）第XIVA部項下內幕消息條文（定義見上市規則） 作出。 本公司董事（「董事」）會（「董事會」）謹此知會本公司股 東（「股東」）及潛在投資者， 根據對本集 ...

Group 1 - The company, Baoye Group (02355.HK), announced that it will hold a board meeting on August 29, 2025, to approve and announce its interim results for the six months ending June 30, 2025 [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。 （股票代碼：2355） 董事會會議召開日期 寶業集團股份有限公司（「本公司」）之董事會（「董事會」）謹此宣佈，本公司將 於 2025 年 8 月 29 日（星期五）舉行董事會會議，藉以批准及公佈（其中包括） 本公司及其附屬公司截至 2025 年 6 月 30 日止六個月之中期業績等事項。 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） *僅供識別 承董事會命 寶業集團股份有限公司 主席 龐寶根 中華人民共和國 浙江 2025 年 8 月 15 日 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。 ...

Core Insights - The Shanghai real estate market saw a total of 4,711 new homes sold in June 2025, representing a month-on-month decrease of 0.98% compared to May [1] - In June, the Fengxian district recorded 100 new home registrations, with a total transaction area of 11,370 square meters and a transaction value of approximately 476.77 million yuan [1] Sales Performance - The top-selling properties in June included: - Xiangyu Jiangwan Yufu in Jinhui with 19 registrations, ranking first - China Railway Construction Xiyu in Xidu with 16 registrations, ranking second [5] - The detailed sales data for June includes: - Xiangyu Jiangwan Yufu: 19 units, 1,654 square meters, 59.78 million yuan - China Railway Construction Xiyu: 16 units, 1,648 square meters, 67.48 million yuan - Zhongjian Yujingyuan: 12 units, 1,459 square meters, 78.00 million yuan - Other notable properties include Shangjiangnan Jinghuimingting, Zhongjian Haiyuefu, and others with varying sales figures [6][7]

FF301 | 增加 / 減少 (-) | | | 0 | | RMB | | | 0 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 本月底結存 | | | 169,886,000 | RMB | RMB | 1 | | 169,886,000 | | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | 證券代號 (如上市) | N/A | 說明 | 非上市股份 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 350,742,053 | RMB | | 1 RMB | | 350,742,053 | 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: 2025年8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 法定/ ...

Core Insights - The smart building market in China is projected to reach a scale of 675.397 billion yuan in 2024, with segments including smart residential buildings at 232.752 billion yuan, smart public buildings at 156.376 billion yuan, and smart industrial buildings at 286.269 billion yuan [1][10] - The demand for smart buildings is driven by the application of smart technologies in new constructions and the intelligent renovation of existing buildings [10][12] - The global smart building market is expected to grow to 335.637 billion USD in 2024, with a year-on-year increase of 1.54% [8] Smart Building Industry Classification and Characteristics - Smart buildings integrate building equipment, office automation, and communication network systems to provide a safe, efficient, comfortable, and convenient environment [2][4] - The technological foundation of smart buildings includes building automation, communication automation, office automation, fire safety automation, and security automation [2] Current Development Status of the Smart Building Industry - The smart building sector has expanded from office buildings to residential areas, utilizing modern control technologies and integrating various systems [4][10] - The market is characterized by increasing competition, with both international brands and domestic companies actively participating [4][10] Smart Building Industry Development Trends - The future of smart buildings is focused on sustainable development technologies, with innovations in eco-friendly materials, advanced energy management, and the integration of AI and IoT [25] - The industry is expected to continue growing, driven by technological advancements that enhance efficiency and improve living quality [25] Smart Building Industry Competitive Landscape - Major international players like Johnson Controls, Honeywell, and Schneider dominate the high-end market, while domestic companies such as Huawei, Haier Smart Home, and Dashi Intelligent focus on mid to low-end markets [18][20] - The competition encompasses various dimensions, including technology, pricing, branding, and ecosystem development [18] Key Companies in the Smart Building Sector - Haier Smart Home reported a global revenue of 285.981 billion yuan in 2024, with a year-on-year growth of 4.29% [21] - Dashi Intelligent achieved a total revenue of 3.171 billion yuan in 2024, with significant contributions from its smart space solutions [23]

Financial Performance - The company reported a revenue of approximately RMB 22,338,716,000 for the year ending December 31, 2024, a decrease of about 15.6% compared to the previous year[28]. - The profit attributable to the company's owners was approximately RMB 409,907,000, representing a significant decline of about 53.9% year-over-year[28]. - Earnings per share (EPS) decreased to RMB 0.79, down approximately 53.3% from the previous year[28]. - Operating profit was approximately RMB 960.70 million, down 35.0% from RMB 1.48 billion in the previous year[44]. - Excluding the one-time compensation, operating profit and net profit attributable to owners decreased by 15.9% and 35.6%, respectively, primarily due to reduced revenue from property development and lower gross margins on recognized projects[44]. - The company reported a net profit attributable to owners of approximately RMB 409,907,000, a significant decrease of about 53.9% compared to the previous year[71]. - The company’s distributable reserves as of December 31, 2024, amount to RMB 1,300,880,000, an increase from RMB 1,151,372,000 in 2023, representing a growth of approximately 12.9%[167]. Assets and Liabilities - Total assets as of December 31, 2024, were RMB 45,202,576,000, while total liabilities were RMB 31,655,053,000[17]. - The debt ratio improved to approximately 2.3 as of December 31, 2024, down from 2.7 in 2023[70]. Cash Flow and Financial Health - The net cash ratio decreased to 49.1% in 2024 from 58.7% in 2023[18]. - Operating cash flow showed a net outflow of RMB 24,485,000 compared to a net inflow of RMB 1,431,117,000 in the previous year[18]. - Investment cash outflow increased to RMB (533,165,000) from RMB (221,879,000), reflecting higher deposits in fixed-term accounts[72]. - Financing cash outflow was RMB (870,425,000), a significant increase from last year's inflow of RMB 465,917,000, primarily due to increased loan repayments[72]. Revenue Segmentation - The construction segment generated revenue of RMB 14,135.01 million, down 12% from RMB 16,014.86 million in the previous year, with operating profit of RMB 524.09 million, a decline of 15%[49]. - The real estate development segment reported revenue of RMB 5,269.45 million, a significant drop of 28% from RMB 7,285.89 million, with operating profit falling 49% to RMB 435.79 million[51]. - The company reported a revenue of approximately RMB 2,542,462,000 from its construction materials business, a decrease of about 10% compared to the previous year, with an operating loss of approximately RMB 27,321,000, a significant decline of about 479%[61]. Dividend and Shareholder Returns - The company proposed a final dividend of RMB 0.12 per share for the year ending December 31, 2024[28]. - The company declared a dividend of RMB 0.12 per share for 2024, amounting to a total of RMB 62,475,366, which represents 15.2% of the annual profit of RMB 409,907,000[194]. Corporate Governance - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange rules and has complied with all provisions except for the separation of the roles of Chairman and CEO, which is currently not adhered to[85]. - The board of directors consists of 11 members, including 1 non-executive director, 6 executive directors, and 4 independent non-executive directors, ensuring a balanced composition for effective decision-making[92]. - The company has established an ESG committee to enhance systematic management of ESG initiatives and assess related risks and opportunities[92]. - The board has established a risk management and internal control system to assess and manage risks associated with achieving strategic objectives[104]. Market and Strategic Focus - The company is focusing on land reserve enhancement plans in first-tier cities to ensure sustainable and stable development[28]. - The company aims to leverage sufficient cash flow as a foundation for business expansion amid ongoing industry adjustments[28]. - The company emphasized the importance of high-quality, low-energy housing in response to changing market demands and urbanization trends[30]. - The company aims to enhance housing quality by integrating technology and craftsmanship in its projects, focusing on the development of "good houses"[65]. Community and Social Responsibility - The group made charitable donations totaling RMB 11,594,000 in the current year, compared to RMB 5,281,000 in 2023, reflecting a significant increase[177]. - The company’s total charitable donations increased by 119% year-over-year from 2023 to 2024[177]. Leadership and Management - The company’s founder, Mr. Pang Baogen, has extensive experience in the construction industry and has led various national-level projects[150]. - The company has a strong leadership team with extensive experience in engineering and management, including several high-ranking engineers and industry leaders[151][152][153][154][155][156]. - The leadership team has a proven track record in financial management and corporate governance, with members holding significant positions in other publicly listed companies[155][156]. Shareholder Engagement - The company emphasizes timely and accurate information disclosure to build market confidence, maintaining effective communication with investors through various channels[142]. - The company has a dedicated investor relations department to enhance communication with shareholders, investors, analysts, and financial media[142]. - The company has adopted multiple mechanisms to encourage shareholder participation in meetings, including allowing proxy voting for those unable to attend[142].

Financial Performance - For the fiscal year ending December 31, 2024, the company reported a revenue of RMB 22,338,716, a decrease of 15.5% from RMB 26,479,305 in 2023[4] - The gross profit for the year was RMB 1,741,682, down 20.9% from RMB 2,203,933 in the previous year[4] - Operating profit decreased to RMB 960,704, representing a decline of 35.0% compared to RMB 1,478,759 in 2023[4] - The net profit for the year was RMB 894,380, an increase of 78.2% from RMB 501,243 in 2023[4] - Basic earnings per share rose to RMB 1.69, compared to RMB 0.79 in the previous year[4] - The company reported a total comprehensive income of RMB 498,322 for the year, down from RMB 1,185,265 in 2023[6] - Total revenue for the year ended December 31, 2024, was RMB 25,593,450,000, a decrease from RMB 29,527,945,000 in 2023, representing a decline of approximately 13.3%[17] - Operating profit for the group was RMB 960,704,000, down from RMB 1,478,759,000 in the previous year, indicating a decrease of about 35%[17] - Profit attributable to owners was approximately RMB 409,907,000, a significant decline of about 53.9% from RMB 889,256,000 in 2023, with earnings per share of RMB 0.79, down about 53.3% from RMB 1.69[55] Assets and Liabilities - Total assets decreased to RMB 45,202,576 from RMB 48,514,157, reflecting a decline of 6.8%[9] - The total assets of the group as of December 31, 2024, amounted to RMB 45,202,576,000, compared to RMB 48,514,157,000 in 2023, reflecting a reduction of approximately 4.8%[10] - The total liabilities of the group decreased to RMB 31,655,053,000 in 2024 from RMB 35,510,228,000 in 2023, a decline of approximately 10.8%[10] - The group maintained a net cash position with a net cash ratio of 49.1% as of December 31, 2024, down from 58.7% in 2023[83] - The total debt ratio was approximately 2.3 as of December 31, 2024, compared to 2.7 in 2023[82] Revenue Breakdown - The construction segment generated revenue of RMB 15,536,750,000, while the property development segment contributed RMB 5,269,450,000, and the construction materials segment accounted for RMB 4,005,388,000[17] - Revenue from construction engineering services for 2024 was RMB 14,135,006, a decrease of 11.7% from RMB 16,014,859 in 2023[19] - Total revenue from property sales in 2024 was RMB 5,269,450, down 27.7% from RMB 7,285,893 in 2023[19] - The company reported a revenue of approximately RMB 2,542,462,000 for its construction materials business, a decrease of about 10% year-on-year, with an operating loss of RMB 27,321,000[74] Cash Flow and Expenses - Cash outflow from operating activities was approximately RMB 24.5 million in 2024, a decrease of RMB 1.46 billion compared to a net cash inflow of RMB 1.43 billion in 2023[87] - The group’s financial costs net amount was approximately RMB 14.8 million in 2024, compared to a net financial income of RMB 4.6 million in 2023[89] - The group’s administrative expenses decreased to approximately RMB 755.6 million in 2024, down from RMB 816.9 million in 2023, a reduction of about RMB 61.2 million[88] - The group’s sales and promotion costs were approximately RMB 160.1 million in 2024, down from RMB 201.3 million in 2023, a decrease of about RMB 41.2 million[86] Investments and Projects - The group is currently developing several projects, including Baoye Four Seasons Garden with a planned construction area of approximately 650,000 square meters[63] - The company acquired the "Baoye Yunxi Li" project with a total transaction price of RMB 511,036,354 and a land area of 262,862 square meters, holding a 60% equity stake[66] - The "Baoye Puyuan" project in Wuhan was obtained for RMB 1,199,900,000, covering approximately 45,582 square meters, with 7 out of 9 residential buildings already on sale[66] - The "Baoye Qinyuan" project in Yichang was acquired for RMB 455,100,000, with a total land area of 73,405 square meters and a planned building area of 196,596 square meters, with the first phase expected to start sales in November 2023[67] Market Conditions and Strategy - The domestic economic growth slowed to 5.0%, influenced by weak consumer demand and a challenging real estate market[56] - The company emphasizes long-term value creation amidst a challenging market environment, focusing on sustainable growth rather than short-term gains[55] - The construction industry is expected to recover fully only when the financial chain improves and the transition between old and new driving forces is achieved[77] Governance and Compliance - The company will publish its 2024 Environmental, Social, and Governance report on the Hong Kong Stock Exchange and its website in April 2025[108] - The consolidated financial statements for the year ending December 31, 2024, have been audited by PwC, confirming consistency with the reported figures[111] - The annual report for the year ending December 31, 2024, will be sent to shareholders and published on the Hong Kong Stock Exchange and the company's website[112] Employee and Management Information - The total number of employees as of December 31, 2024, was 6,172, a decrease from 6,413 in 2023, with employee welfare expenses reaching RMB 4,543,856,000[102] - The gender ratio of employees as of December 31, 2024, was approximately 68.97% male and 31.03% female, with ongoing efforts to improve female representation[103] - The company has appointed Mr. Pang Baogen as the Chairman and he will continue to contribute to the overall strategic planning of the company[107]