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: 河南金源氫化化工股份有限公司 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) | 02502 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 955,640,000 | RMB | | | 1 RMB | | 955,640,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 955,640,000 | RMB | | | 1 RMB | | 955,640,000 | 第 2 頁 共 10 頁 v 1 ...

Financial Performance - Total revenue for the year ended December 31, 2025, was RMB 2,598.6 million, a decrease of 16.2% from RMB 3,102 million in 2024[3][5] - The company reported a loss attributable to shareholders of RMB 34.3 million, compared to a loss of RMB 16.0 million in the previous year, indicating a significant increase in losses[3][5] - Basic loss per share for the year was RMB 0.04, worsening from RMB 0.02 in 2024[3][5] - Gross profit for the year was RMB 30.9 million, down 57.1% from RMB 71.6 million in 2024, reflecting increased cost pressures[5] - The company reported a pre-tax loss of RMB 30,208,000 for the year ended December 31, 2025, compared to a profit of RMB 12,008,000 for the previous year[10] - The total profit for the year ending December 31, 2024, was RMB 12,008,000, with the derived chemical segment reporting a loss of RMB 39,806,000[89] - The company reported a basic loss attributable to shareholders of RMB 34,277,000 for the year ended December 31, 2025, compared to a loss of RMB 16,038,000 for the year ended December 31, 2024[112] Assets and Liabilities - Total assets decreased to RMB 1,140.2 million in 2025 from RMB 1,219.6 million in 2024, indicating a reduction in the company's asset base[6][7] - Current liabilities decreased to RMB 376.0 million in 2025 from RMB 456.8 million in 2024, showing improved short-term financial management[6][7] - Non-current assets decreased to RMB 1,033.5 million in 2025 from RMB 1,085.7 million in 2024, primarily due to depreciation of property, plant, and equipment[6] - The company’s equity attributable to shareholders decreased to RMB 951.1 million in 2025 from RMB 985.4 million in 2024, reflecting the impact of losses on shareholder equity[7] - The company’s total liabilities and equity as of December 31, 2025, were not disclosed but are critical for assessing financial health[114] Cash Flow and Financing - Operating cash flow for the year ended December 31, 2025, was RMB 124,429,000, an increase from RMB 96,855,000 in 2024[10] - The company raised RMB 283,800,000 through bank borrowings in 2025, compared to RMB 224,516,000 in 2024[11] - The company’s total financing costs decreased to RMB 14,420,000 in 2025 from RMB 16,472,000 in 2024[10] - The company’s cash and cash equivalents increased slightly to RMB 142.2 million in 2025 from RMB 136.8 million in 2024, indicating stable liquidity[6] - The company’s cash outflow for leases totaled RMB 1,265,000 for the year ended December 31, 2025, compared to RMB 2,264,000 in 2024[116] - The group’s net debt, including borrowings and lease liabilities, was RMB 286,645,000 as of December 31, 2025, down from RMB 334,040,000 in 2024, indicating improved debt management[174] Revenue Recognition and Business Segments - The company’s main business includes the production and sale of hydrogenated benzene chemicals, gas, liquefied natural gas, and hydrogen[12] - The company confirmed revenue recognition upon the transfer of control of products, typically at the point of delivery to the customer[86] - Total revenue for the year ended December 31, 2025, was RMB 2,799,143,000, with a breakdown of RMB 1,956,165,000 from derivative chemicals, RMB 677,732,000 from energy products, RMB 156,462,000 from trading, and RMB 8,784,000 from other services[78] - The derived chemical segment generated revenue of RMB 2,377,194,000, while the energy products segment contributed RMB 604,489,000, and the trade segment added RMB 110,429,000[89] - Major customer A contributed RMB 560,978,000 to total revenue in 2025, down from RMB 883,116,000 in 2024, indicating a decrease of approximately 36.5%[95] Inventory and Cost Management - The company experienced a significant decrease in inventory, which reduced by RMB 89,884,000 in 2025, compared to an increase of RMB 28,592,000 in 2024[10] - The company reported a provision for inventory of RMB 3,760,000 as of December 31, 2025, compared to RMB 1,089,000 in 2024, with total inventory valued at RMB 51,343,000 after accounting for the provision[76] - The company plans to focus on cost control and operational efficiency to improve financial performance in the upcoming year[4] Employee and Management Compensation - Total employee costs for the year ended December 31, 2025, amounted to RMB 42,974,000, slightly increasing from RMB 42,660,000 in the previous year[99] - The total compensation for the five highest-paid individuals in the company was RMB 452,000 for the year ended December 31, 2025, down from RMB 750,000 in 2024, with performance-related bonuses included for the first time[111] - Total compensation for key management personnel was RMB 1,993,000 for the year ended December 31, 2025, slightly down from RMB 1,984,000 in 2024[169] Tax and Deferred Tax - The company expects to receive tax deductions of RMB 6,212,000 for the year ended December 31, 2025, down from RMB 7,579,000 in 2024[101] - The total deferred tax assets amounted to RMB 43,170,000, an increase from RMB 19,726,000 as of December 31, 2024[138] - The deferred tax assets rose from RMB 19,260,000 in 2024 to RMB 37,248,000 in 2025, representing an increase of about 93.7%[199] Credit Risk and Financial Instruments - The expected credit loss for trade receivables was not significant for the years ended December 31, 2025, and 2024, indicating effective credit risk management[183] - The company maintains a low credit risk profile for its financial assets, with all bank deposits held in reputable state-owned banks[185] - The expected credit loss for receivables measured at amortized cost is RMB 34,861 thousand as of December 31, 2025, with a loss rate of 0%[188] Government Grants and Subsidies - The company received government subsidies related to assets amounting to RMB 7,919,000 in 2024, which was not reported in 2025[11] - The total government subsidies recognized as income for the year ended December 31, 2025, were RMB 3,768,000, a decrease from RMB 10,263,000 in 2024[97] - The company recorded a subsidy income of approximately RMB 2,187,000 for the year ending December 31, 2025, up from RMB 1,650,000 in 2024[164]

本公告乃由河南金源氫化化工股份有限公司（「本公司」，及連同其附屬公司統 稱為「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)條及內幕消息條文（定義見上市規則，即指香港法例第571章《證券及期 貨條例》第XIVA部）而作出。 本公司董事（「董事」）之董事會（「董事會」）謹此通知本公司股東（「股東」）及潛在 投資者，基於本集團截至2025年12月31日止年度未經審核合併管理賬目的初步審 閱，本集團預期截至2025年12月31日止年度的歸屬於本公司擁有人應佔全面收益 總額（「業績」）將錄得約人民幣34.2百萬元的虧損（2024年相應期間：業績為約人 民幣15.8百萬元虧損）。 該業績的估計下調主要是由於本集團主要產品加氫苯基化學品及液化天然氣 （「LNG」）的生產成本於2025年度上升，原因為在2025年12月31日止年度針對本 集團該等產品的有關生產設施進行了設備維修及調校。同時，本集團LNG產品平 均銷售價格下降約7.3%，而其主要原材料煤氣的平均採購價格則上升約5.0%，導 致有關毛利收窄並進一步構成該業績的估計下跌。 以上所載資料僅為董事會基於本集團目前所得的資料 ...

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。 承董事會命 河南金源氫化化工股份有限公司 王增光 執行董事 香港，2026年3月9日 截至本公告日期，本公司執行董事為王增光先生及喬二偉先生；本公司非執行董 事為饒朝暉先生、徐風雷先生及王利杰先生；及本公司獨立非執行董事為黃欣琪 女士、邸志崗先生及梁善盈女士。 * 僅供識別 （於中華人民共和國成立的股份有限公司） （股份代號：2502） 董事會會議通告 河南金源氫化化工股份有限公司（「本公司」）謹此宣佈，本公司謹訂於2026年3月 23日（星期一）就（其中包括）下列事項舉行董事會（「董事會」）會議，以： 河南金源氫化化工股份有限公司 HENAN JINYUAN HYDROGENATED CHEMICALS CO., LTD.* 1. 考慮及批准本公司及其附屬公司截至2025年12月31日止年度的經審核全年業 績，以及將分別刊登於香港聯合交易所有限公司及本公司網頁的經審核全年 業績公告； 2. 考慮及批准派 ...

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: 河南金源氫化化工股份有限公司 呈交日期: 2026年3月2日 第 2 頁 共 10 頁 v 1.2.0 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) | 02502 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 955,640,000 | RMB | | | 1 RMB | | 955,640,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 955,640,000 | RMB | | | 1 RMB | | 955,640,0 ...

Group 1 - The main inflows in commodity futures yesterday were copper, nickel, zinc, coking coal, and lithium carbonate, with inflows of 9.226 billion, 6.618 billion, 1.948 billion, 0.800 billion, and 0.717 billion respectively [1] - The main outflows were in silver, gold, tin, rebar, and asphalt, with outflows of 1.913 billion, 1.766 billion, 0.653 billion, 0.247 billion, and 0.187 billion respectively [1] - Overall, commodity futures experienced significant inflows due to the influence of the main contract rollover, with notable inflows in the chemical and non-ferrous metal sectors [1] Group 2 - The non-ferrous metals, chemical, black, and agricultural products sectors showed inflow trends, while the financial sector experienced outflows [1] - Key commodities to watch for inflows include copper, nickel, lithium carbonate, and methanol, while silver, gold, tin, and crude oil are noted for outflows [1] - In the black and agricultural products sectors, significant inflows were observed in coking coal, cotton, and white sugar, while rebar and rapeseed oil showed outflows [1] Group 3 - The financial sector highlights include the CSI 1000 index futures and 30-year treasury futures [1]

Financial Performance - The company reported a revenue of 1.442 billion yuan for the first half of 2025, representing a year-on-year decline of 9.98% [1] - The net profit attributable to the parent company was a loss of 2.031 million yuan, marking a shift from profit to loss compared to the previous year [1] - The full-year financial report for 2025 is expected to be released in early 2026, with a focus on whether the loss can be narrowed [1] Industry Policy and Environment - The hydrogen energy industry is experiencing ongoing policy updates that may indirectly impact the company's business [1] - On February 13, 2026, the National Hydrogen Energy Standardization Technical Committee solicited public opinions on 19 national standards, including "Hydrogen Fuel Quality Requirements" [1] - Institutions like CICC believe that the hydrogen energy industry may accelerate its development, which could affect the long-term business environment for hydrogen energy concept stocks like the company [1] Business Progress - The company's operations focus on hydrogenated phenolic chemicals and energy products [1] - In the first half of 2025, the company operated five hydrogen refueling stations, with significant year-on-year growth in hydrogen sales (e.g., Jiyuan South Second Ring Station sold 322 tons, an increase of 92.8%) [1] - Future plans for expanding hydrogen refueling stations and updates on hydrogen sales data are areas to watch [1]

Core Viewpoint - The recent changes in the management structure of Jinyuan Hydrogen (02502.HK) may impact the company's strategic direction, particularly in the hydrogen energy sector [1][3]. Management Changes - On January 30, 2026, Xu Fenglai was elected as a non-executive director and appointed as the vice chairman of the board. He also became the chairman of the Strategic Committee and a member of the Audit Committee. Former non-executive director Wang Kaibao resigned from his positions [2]. - The changes also included the election of Zhou Feng as a supervisor [2]. Impact of Events - Strategic Direction Adjustment: Xu Fenglai's role as chairman of the Strategic Committee may influence the company's focus and resource allocation in core business areas like hydrogen energy. The company has stated that its overall strategic planning for the hydrogen energy sector remains stable, aiming to develop integrated projects [3]. - Changes in Governance Structure: The adjustments in the Audit and Strategic Committees may affect the company's internal risk control and strategic decision-making processes. The long-term effects of these governance changes will need to be observed in terms of operational compliance and efficiency [3]. - Company Fundamentals: The management changes occur against a backdrop of declining performance. According to the mid-2025 report, the company's revenue decreased by 9.98% to 1.442 billion yuan, and it reported a net loss of 20.231 million yuan. The new management will face challenges in addressing revenue decline and weakened profitability [3]. Industry Policy and Environment - The National Energy Administration stated in January 2026 that during the 14th Five-Year Plan period, there will be strengthened planning and policy support for the hydrogen energy industry. Jinyuan Hydrogen's business involves hydrogen purification and hydrogen station operations, and industry policy trends may present medium to long-term development opportunities, contingent on the company's ability to effectively capitalize on them [4]. Summary - The management changes at Jinyuan Hydrogen represent a significant adjustment in governance structure. The strategic decision-making and execution capabilities of the new management will be critical factors influencing the company's future development, but their effectiveness will need to be evaluated in conjunction with improvements in the company's fundamentals and the implementation of industry policies [4].

Group 1 - The company has elected Xu Fenglei as a non-executive director and appointed him as vice chairman of the board, along with adjustments to the audit and strategy committee member structure, which may influence the company's future strategic direction [2] Group 2 - The National Energy Administration announced on January 30, 2026, that during the "14th Five-Year Plan" period, there will be a strengthened focus on hydrogen energy industry planning and policy support, including core technology breakthroughs and pilot projects [3] - The company's operations involve hydrogen purification and hydrogen refueling station management, indicating that industry policy dynamics may have an indirect impact on the company's medium to long-term development [3]

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: 河南金源氫化化工股份有限公司 呈交日期: 2026年2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) | 02502 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 955,640,000 | RMB | | | 1 RMB | | 955,640,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 955,640,000 | RMB | | | 1 RMB | | 955,640,000 | 本月底法定/註冊股本總額： RM ...