本 公 司 董 事（「董 事」）會（「董事會」）建 議 修 訂 本 公 司 現 有 組 織 章 程 大 綱 及 細 則（「現 有組織章程大綱及細則」），以(i)允 許 本 公 司 股 東（「股 東」）利 用 技 術 手 段 出 席 混 合 或 虛 擬 股 東 大 會；(ii)允 許 股 東 透 過 電 子 方 式 投 票；(iii)允許本公司向其股東 提 供 以 電 子 方 式 收 取 本 公 司 應 付 任 何 股 息、利 息 或 其 他 款 項 的 選 擇；及(iv)納 入 有 關（其 中 包 括）發 行 股 票 的 內 務 修 訂。 建 議 對 現 有 組 織 章 程 大 綱 及 細 則 作 出 修 訂（將 透 過 採 納 一 套 新 組 織 章 程 大 綱 及 細 則 以 取 代 並 排 除 現 有 組 織 章 程 大 綱 及 細 則 的 方 式 生 效）須 待 股 東 於 本 公 司 將 於2026年6月 舉 行 的 應 屆 股 東 週 年 大 會（「股東週年大會」）上 以 特 別 決 議 案 方 式 批 准 後，方 可 作 實。 一 份 載 有（其 中 包 括）建 議 修 訂 現 有 組 織 章 ...

| 久泰邦达能源 | | | | | --- | --- | --- | --- | | 分时图 | 日K线 | 周K线 | 月K线 | 久泰邦达能源(02798)发布截至2025年12月31日止年度业绩，收益约12.06亿元(人民币，下同)，同比减 少约29.3%。净亏损1.98亿元，同比盈转亏;每股基本亏损12.36分。 公告称，于回顾年度的总收益减少主要归因于煤炭产品平均市场价格下跌。 ...

Core Viewpoint - Jiutai Bonda Energy (02798.HK) reported a significant decline in annual performance for the year ending December 31, 2025, with revenues expected to be approximately RMB 1.206 billion, a decrease of about 29.3% compared to RMB 1.706 billion in 2024 [1] Financial Performance - The total loss and comprehensive expenses for the year are approximately RMB 198 million, contrasting with a profit and comprehensive income of about RMB 440 million in 2024 [1] - Basic loss per share is expected to be around RMB 0.1236, compared to earnings per share of RMB 0.2751 in 2024 [1] - The company does not recommend declaring a final dividend for the year ending December 31, 2025, while no dividend was declared in 2024 [1] Product Strategy - The company continues to focus on premium coal as its main product, maintaining a strategy to stabilize the proportion of premium coal in its product mix [1] - Revenue generated from premium coal sales is expected to account for approximately 86.8% of total revenue for the year ending December 31, 2025, down from about 90.9% in 2024, indicating a slight decrease in revenue contribution from this segment [1]

Core Viewpoint - Jiutai Bonda Energy (02798) reported a significant decline in revenue and a net loss for the fiscal year ending December 31, 2025, primarily due to falling average market prices for coal products [1] Financial Performance - The company's revenue for the year was approximately 1.206 billion RMB, representing a year-on-year decrease of about 29.3% [1] - Jiutai Bonda Energy recorded a net loss of 198 million RMB, a shift from profit to loss compared to the previous year [1] - The basic loss per share was reported at 12.36 cents [1] Market Conditions - The decrease in total revenue is attributed mainly to the decline in average market prices for coal products [1]

Financial Performance - Revenue for the year ended December 31, 2025, was approximately RMB 1,206.1 million, a decrease of about 29.3% compared to RMB 1,706.1 million in 2024[3] - Gross profit for the same period was approximately RMB 359.9 million, down 59.3% from RMB 885.1 million in 2024[3] - Gross margin decreased to approximately 29.8%, down 22.1 percentage points from 51.9% in 2024[4] - The total loss and comprehensive expenses for the year amounted to approximately RMB 197.8 million, compared to a profit of RMB 440.2 million in 2024[4] - Basic loss per share was approximately RMB 12.36, compared to earnings of RMB 27.51 per share in 2024[5] - The company does not recommend declaring a final dividend for the year ended December 31, 2025[6] - The company reported a pre-tax loss of RMB 190,177,000 for 2025, compared to a profit of RMB 527,054,000 in 2024[29] - The net loss for the year was approximately RMB 197.8 million, a shift from a net profit of approximately RMB 440.2 million in the previous year, primarily due to a significant decline in average coal prices[75] Assets and Liabilities - Non-current assets totaled approximately RMB 3,715.4 million as of December 31, 2025, slightly down from RMB 3,722.7 million in 2024[8] - Current liabilities amounted to approximately RMB 1,386.7 million, compared to RMB 1,402.0 million in 2024[9] - Net assets decreased to approximately RMB 2,958.1 million from RMB 3,155.9 million in 2024[9] - The group’s net current liabilities as of December 31, 2025, were approximately RMB 670.5 million, with sufficient liquidity projected for the next 12 months to meet operational and contractual obligations[86] - As of December 31, 2025, the total bank borrowings amounted to RMB 1,053,285,000, compared to RMB 1,186,910,000 in 2024[42] - The asset-liability ratio as of December 31, 2025, was approximately 0.36, down from 0.38 in 2024, primarily due to a reduction in bank and other borrowings[81] Revenue Sources - Revenue from coal products and coalbed methane sales for 2025 is projected at RMB 1,206,097,000, a decrease from RMB 1,706,108,000 in 2024[22] - Sales of premium coal for 2025 are expected to be RMB 1,047,222,000, down from RMB 1,551,553,000 in 2024[22] - The group operates solely in the production and sale of coal products and coalbed methane, with no further segment analysis provided[23] - All revenue is derived from customers located in China, with non-current assets in China valued at RMB 3,608,040,000[24] - Major customers contributing over 10% of total revenue include Customer A with RMB 640,228,000 and Customer C with RMB 153,471,000 for 2025[25] Expenses and Costs - Total employee costs, including administrative, distribution, and sales expenses, amounted to RMB 123,412,000 in 2025, up from RMB 112,275,000 in 2024[5] - Research and development expenses included in other expenses were RMB 39,400,000 in 2025, significantly lower than RMB 56,773,000 in 2024[5] - The company incurred tax expenses of RMB 7,616,000 in 2025, a decrease from RMB 86,825,000 in 2024[29] - Distribution and selling expenses decreased by approximately 9.2% from about RMB 90.6 million to approximately RMB 82.3 million, mainly due to some customers directly bearing transportation costs[68] - Administrative expenses decreased by approximately 5.3% from about RMB 160.9 million to approximately RMB 152.3 million, primarily due to stricter cost control measures[69] Production and Sales - The total coal production capacity of the group is 2.85 million tons, with the permitted annual production capacity of Hongguo and Baogushan mines at 1.2 million tons each, and Xiejiahegou mine at 450,000 tons[51] - The actual coal production for the group in 2025 was approximately 1.874 million tons, with Hongguo, Baogushan, and Xiejiahegou mines producing 703, 801, and 370 thousand tons respectively[52] - The total sales volume of coal products was approximately 1,521,000 tons, representing a year-on-year increase of about 7.4%[57] - The average selling price of premium coal decreased by approximately 31.2% to about RMB 1,225 per ton, while the average selling price of medium coal decreased by about 4.0% to RMB 383 per ton[55] - The sales volume of premium coal decreased by approximately 1.9% to about 855,000 tons, while the sales volume of mud coal increased by approximately 52.6% to about 357,000 tons[56] Market and Industry Trends - In 2025, China's industrial enterprises' total profit reached RMB 739.82 billion, reflecting a 0.6% increase compared to 2024, indicating a more stable operating environment[46] - The total profit from mining activities in 2025 was RMB 83.45 billion, representing a significant decline of 26.2% year-on-year, highlighting ongoing pressures in the industry[46] - National coal production slightly increased to 4.83 billion tons in 2025, marking a 1.2% year-on-year growth, as policies shifted towards maintaining stable production and optimizing structure[47] - The coal market in 2025 followed a pattern of "decline, rebound, and wide fluctuations," driven by changes in supply-side policies and market expectations[47] Strategic Initiatives - The group is pursuing strategic measures to optimize its asset structure and enhance resource foundations, including a proposed consolidation of coal mines in Guizhou[78] - The company’s joint venture, Pan Zhou Power Company, is progressing with the construction of a low calorific value coal power generation project, with the first unit expected to begin trial operation in March 2026[58] - On October 31, 2023, the company acquired a 49% stake in Pan Zhou Power Company for approximately RMB 4.9 million, with additional capital injections of RMB 509.6 million planned[91] - On January 20, 2026, the company agreed to invest RMB 114,489,795.92 to acquire a 51.0% stake in Huaneng Jiayuan Coal Industry Co., Ltd.[95] Compliance and Governance - The company has established an Audit Committee to review and monitor its financial reporting system, risk management, and internal controls[101] - Deloitte has confirmed that the preliminary announcement aligns with the audited consolidated financial statements for the year ending December 31, 2025, approved by the board on March 24, 2026[102] - The annual report for the year ending December 31, 2025, will be published on the Hong Kong Stock Exchange website and the company's website at an appropriate time[104]

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 久泰邦達能源控股有限公司 主席兼執行董事 Perennial Energy Holdings Limited 久泰邦達能源控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2798） 董事會會議日期 久 泰 邦 達 能 源 控 股 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 宣 佈，本 公 司 將 於2026年3月24日（星 期 二）舉 行 董 事 會 會 議，藉 以（其 中 包 括）批 准 本 公 司 及 其 附 屬公司截至2025年12月31日 止 年 度 的 年 度 業 績，以 及 考 慮 建 議 派 發 末 期 股 息（如 有）。 余邦平 香 港，2026年3月12日 於 本 公 告 日 期，執 行 董 事 為 余 邦 平 先 生、余 支 龍 先 生、李 學 忠 先 生、劉 啟 銘 先 生 及 余 瀟 ...

此乃要件 請即處理 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通函的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本通函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。 閣下如對本通函任何方面或應採取的行動有任何疑問，應諮詢 閣下的持牌證券交易商、銀行經 理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓名下所有久泰邦達能源控股有限公司的股份，應立即將本通函連同隨附代表 委任表格送交買方或承讓人，或經手買賣或轉讓的銀行、持牌證券交易商或其他代理商，以便轉 交買方或承讓人。 Perennial Energy Holdings Limited 久泰邦達能源控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2798） 主要交易 有關建議向目標公司增資 董事會函件載於本通函第7至28頁。 建議增資已根據上市規則第14.44條經持有本公司已發行股本50%以上股東書面批准之方式獲批 准。本通函僅寄發予股東作參考之用。 2026年3月12日 | 釋義 . | | | 1 | | --- | --- | --- | --- | | | | 董事會函件 ...

Core Viewpoint - Jiutai Bonda Energy (02798) anticipates a net loss after tax of approximately RMB 178 million to RMB 218 million for the fiscal year ending December 31, 2025, a significant decline from a net profit of approximately RMB 440 million for the fiscal year ending December 31, 2024 [1] Group 1 - The expected shift from profit to loss is primarily attributed to a decline in global coal market prices, which has led to a substantial decrease in coal selling prices and directly compressed the company's gross margin [1] - The recent drop in coal market prices has prompted the company to adopt a conservative forecast for future coal product sales during impairment assessments, resulting in anticipated impairment losses on mining rights and property, plant, and equipment [1] - The expected impairment losses are characterized as non-cash and non-recurring, indicating that they will not have a direct impact on the company's cash flow [1]

Core Viewpoint - Jiutai Bonda Energy (02798.HK) is expected to report a net loss of approximately RMB 178 million to RMB 218 million for the fiscal year ending December 31, 2025, primarily due to a significant decline in coal prices affecting profit margins and leading to impairment losses on mining rights and assets [1] Financial Performance - The company anticipates a net profit of approximately RMB 440 million for the fiscal year ending December 31, 2024, contrasting with the expected net loss in 2025 [1] - The expected transition from profit to loss is attributed to a sharp decline in global coal market prices, which has significantly reduced coal selling prices and directly compressed gross margins [1] Impairment and Accounting Considerations - The recent decline in coal market prices has led the company to adopt a conservative forecast for future coal product sales, resulting in anticipated impairment losses on mining rights and property, plant, and equipment [1] - These expected losses are characterized as non-cash and non-recurring, indicating that they will not have a direct impact on the company's cash flow [1]

Core Viewpoint - Jiutai Bonda Energy (02798) anticipates a net loss after tax ranging from approximately RMB 178 million to RMB 218 million for the fiscal year ending December 31, 2025, a significant decline from a net profit of approximately RMB 440 million for the fiscal year ending December 31, 2024 [1] Group 1: Financial Performance - The expected transition from net profit to net loss is primarily attributed to a decline in global coal product prices, which has led to a substantial decrease in coal selling prices and directly compressed the gross profit margin [1] - The recent drop in coal market prices has prompted the company to adopt a conservative forecast for future coal product sales during impairment assessments, resulting in anticipated impairment losses on mining rights and property, plant, and equipment [1] - The expected impairment losses are characterized as non-cash and non-recurring, indicating that they will not have a direct impact on the company's cash flow [1]