Core Viewpoint - Huabei Green Gold Co., Ltd. (02450.HK) announced a restructuring plan involving the transfer and establishment of companies under the supervision of the Huabei Municipal Government [1] Group 1: Company Restructuring - The Huabei Municipal Government proposed to rename Huabei Hongjian Construction Engineering Co., Ltd. to Huabei Xinghuai Capital Holdings Co., Ltd. (Xinghuai Capital) and transfer it to the Huabei State-owned Assets Supervision and Administration Commission (Huabei State-owned Assets Commission), which will fully own the company [1] - A new company, Huabei Xinghuai Mining Co., Ltd. (Xinghuai Mining), will be established and fully owned by Xinghuai Capital, which in turn will be fully owned by the Huabei State-owned Assets Commission [1] - Huabei Construction Investment Holding Group Co., Ltd. (Huabei Construction Investment Group) will transfer 74.25% of its shares directly and an additional 0.75% indirectly to Xinghuai Mining without compensation [1] Group 2: Shareholding Structure - After the proposed restructuring, the ultimate beneficial owner of the company, the Huabei State-owned Assets Commission, will remain unchanged [1] - As of the announcement date, Huabei Construction Investment Group directly holds 196,020,000 shares, accounting for 74.25% of the total issued share capital, and indirectly holds 1,980,000 shares through Huabei Cultural Tourism Investment Development Group Co., Ltd., accounting for 0.75% [1] - Following the restructuring, Xinghuai Capital will hold 198,000,000 shares, representing 75% of the total issued share capital [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，並明確表示概不會就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。 淮北綠金產業投資股份有限公司 (Huaibei GreenGold Industry Investment Co., Ltd.*) （ 於中華人民共和國註冊成立的股份有限公司（「本公司」） ） （股份代號：2450） 於控股股東層面的潛在重組 淮北市人民政府市長辦公室提出(i)將淮北弘建建築工程有限責任公司更名為淮 北市興淮資本控股有限公司（「興淮資本」）並轉讓予淮北市國有資產監督管理 委員會（「淮北市國資委」），由淮北市國資委直接全資擁有該公司；(ii)成立新 公司淮北市興淮礦業有限公司（「興淮礦業」），由興淮資本全資擁有，進而由淮 北市國資委全資擁有；及(iii)淮北市建投控股集團有限公司（「淮北建投集團」） 直接持有的74.25%本公司股份（「股份」）及透過淮北市文化旅遊投資發展集團有 限公司間接持有的0.75%股份將無償轉讓予興淮礦業（「建議集團內重組」）。 於建議集團內重組完成後，本公司的最終 ...

FF301 本月底法定/註冊股本總額： RMB 264,000,000 | 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 | 內資股 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 198,000,000 RMB | | | 1 RMB | | 198,000,000 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 198,000,000 RMB | | | 1 RMB | | 198,000,000 | | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

Revenue and Sales Performance - The company's revenue increased by 14.9% year-on-year during the first half of 2025, despite significant price declines in aggregate and concrete products due to economic downturns[8]. - The group’s revenue for the reporting period was RMB 127.3 million, an increase of 14.9% compared to RMB 110.8 million in the same period of 2024[14]. - Sales of aggregate products and others amounted to RMB 127.2 million, a 44.5% increase from RMB 88.0 million in the same period last year, driven by a 63.0% increase in sales volume[15]. - Revenue for the six months ended June 30, 2025, was RMB 127,301 thousand, an increase of 14.9% compared to RMB 110,752 thousand for the same period in 2024[76]. - The company did not report any revenue from concrete products sales in the first half of 2025, compared to RMB 22,731,000 in the same period of 2024[92]. Profitability and Financial Metrics - The gross profit for the reporting period was RMB 51.5 million, up RMB 11.1 million from RMB 40.4 million in 2024, with a gross margin of 40.5%, an increase of 4 percentage points year-on-year[19]. - Operating profit increased to RMB 32,573 thousand, up 28.0% from RMB 25,426 thousand in the previous year[76]. - The company reported a net loss of RMB 3,423 thousand for the six months ended June 30, 2025, a significant improvement compared to a net loss of RMB 11,147 thousand in 2024[76]. - Total reportable segment profit for the six months ended June 30, 2025, increased to RMB 79,932,000 from RMB 53,161,000 in 2024, representing a growth of 50.3%[102]. - The company recorded a consolidated loss before tax of RMB 908,000 for the six months ended June 30, 2025, significantly improved from a loss of RMB 9,738,000 in 2024[102]. Costs and Expenses - The group's selling costs were RMB 75.8 million, an increase of RMB 5.4 million from RMB 70.3 million in 2024, attributed to higher sales volume[18]. - Depreciation and amortization expenses for the same period rose to RMB 46,089,000, compared to RMB 27,916,000 in 2024, an increase of 65.1%[102]. - Total financial costs decreased to RMB 33,481,000 in 2025 from RMB 35,164,000 in 2024, a reduction of 4.8%[105]. - The total inventory cost of goods sold for the six months ended June 30, 2025, was RMB 75,787,000, compared to RMB 70,349,000 in 2024, an increase of 7.0%[114]. Assets and Liabilities - The total equity decreased from RMB 703.8 million as of December 31, 2024, to RMB 700.4 million as of June 30, 2025, primarily due to losses incurred in the first half of 2025[28]. - Cash and cash equivalents increased from RMB 320.3 million as of December 31, 2024, to RMB 384.4 million as of June 30, 2025, mainly due to repayments from the holding company[29]. - The company’s cash and cash equivalents increased to RMB 384,527 thousand from RMB 321,426 thousand at the end of 2024, indicating improved liquidity[78]. - The company’s interest-bearing borrowings totaled RMB 1,335,790,000 as of June 30, 2025, a slight decrease from RMB 1,360,000,000 as of December 31, 2024[123]. - Trade and other payables decreased to RMB 17,641,000 as of June 30, 2025, down 57.6% from RMB 41,685,000 as of December 31, 2024[119]. Market and Operational Strategy - The company supplied over 800,000 tons of various aggregates to major infrastructure projects, including highways and high-speed rail, significantly boosting sales volume[8]. - The company is actively exploring new markets in Guoyang, Mengcheng, and Yongcheng, aiming to capitalize on regional infrastructure developments[8]. - The local construction materials market is expected to see stable growth due to government policies aimed at stimulating economic recovery and major infrastructure projects planned for 2025[10]. - The company is focusing on product quality upgrades and diversifying its marketing channels to mitigate risks and enhance growth potential[8]. - The group anticipates a total production of aggregate products to reach 6 million tons in 2025, with plans to gradually increase annual output in subsequent years[50]. Compliance and Governance - The company has implemented internal control measures to enhance compliance with listing rules and improve internal compliance efficiency[60]. - The company has adopted the corporate governance code as per the listing rules and has complied with the relevant code provisions during the reporting period[73]. - The company acknowledges the need for early initiation of the renewal process for framework agreements to avoid non-compliance with listing rules[59]. - The company has established a dynamic monitoring system to issue work reminders 180 days before the expiration of related party transaction contracts[62]. - The company has maintained the required public float as per the main board listing rules throughout the reporting period[69]. Employee and Operational Efficiency - The total employee cost, including director remuneration, was approximately RMB 10.9 million, down about 8.4% from RMB 11.9 million in the same period of 2024[45]. - The company plans to optimize production efficiency and ensure stable supply of aggregate and concrete products to meet the growing market demand[50]. - The company has implemented a dual-track parallel approval system to optimize decision-making processes and reduce administrative review times[62]. Risks and Challenges - The group faced market competition risks due to cyclical downturns in the construction industry, leading to increased regional market competition and reduced product pricing power[37]. - The group is closely monitoring policy implementations to adjust its operational strategies and seize market opportunities arising from infrastructure construction[10]. - The group has not engaged in any significant asset acquisitions, mergers, or equity investments during the reporting period[46].

FF301 本月底法定/註冊股本總額： RMB 264,000,000 | 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 | 內資股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 198,000,000 | RMB | | 1 | RMB | | 198,000,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 198,000,000 | RMB | | 1 | RMB | | 198,000,000 | | 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) ...

Group 1 - The core point of the article is the appointment of Yao Minglei as the co-secretary of Huai Bei Green Gold Co., Ltd., effective from August 28, 2025 [1]

Core Insights - The company reported a revenue of RMB 127.3 million for the six months ending June 30, 2025, representing a 14.9% increase from RMB 110.8 million in the same period last year [1] - The loss attributable to equity shareholders decreased to RMB 2.8 million, a 63.7% reduction compared to a loss of RMB 7.7 million in the previous year [1] - The gross profit margin improved to 40.5%, up by 4.0 percentage points from 36.5% in the same period last year [1] - The basic loss per share was RMB 0.01, an improvement from RMB 0.03 in the same period last year, reflecting a reduction in loss of RMB 0.02 per share [1]

Group 1 - The company Huabei Green Gold Co., Ltd. (02450) announced the appointment of Mr. Yao Minglei as the co-secretary of the company, effective from August 28, 2025 [1]

Group 1 - The company Huabei Green Gold Co., Ltd. (02450) announced the appointment of Mr. Yao Minglei as the co-secretary of the company, effective from August 28, 2025 [1]

智通财经APP讯，淮北绿金股份(02450)公布2025年中期业绩，营业收入为约1.27亿元，同比增加 14.9%。公司权益股东应占亏损278.8万元，同比收窄63.69%;每股亏损0.01元。 ...