FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 濱海投資有限公司 (於百慕達註冊成立之有限公司) 呈交日期： 2024年11月15日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02886 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | 庫存股份變動 | | | | 事件 | | 已發行股份（不包括庫存股份）變動 | 佔有關事件前的現有已發 | | 每股發行/出售價 (註4) | 已發行股份總數 ...

FF305 第一章節註釋： 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 濱海投資有限公司 (於百慕達註冊成立之有限公司) 呈交日期： 2024年11月7日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02886 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 濱海投資有限公司 (於百慕達註冊成立之有限公司) 呈交日期： 2024年11月5日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02886 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | 事件 | | 已發行股份（不包括庫存 ...

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 所產生或因倚賴該等內容而引致的任何損失承擔任何責任。 2886 更換核數師 董事會及本公司審核委員會（「審核委員會」）均確認，除了有關審計費用事宜之外，本公 司與羅兵咸永道概無意見分歧，亦無有關羅兵咸永道辭任而需提請本公司證券持有人垂 注之情況。 截至本公告日期，羅兵咸永道尚未開始對本集團截至二零二四年十二月三十一日止年度 綜合財務報表進行任何審核工作。因此，董事會相信更換核數師將不會對本集團截至二 零二四年十二月三十一日止年度之年度審核工作產生任何重大影響。 本公告乃由濱海投資有限公司（「本公司」，連同其附屬公司，「本集團」）根據香港聯合交 易所有限公司（「聯交所」）證券上市規則（「上市規則」）第13.51(4)條作出。 核數師辭任 於二零二四年五月十日舉行的本公司股東週年大會上，羅兵咸永道會計師事務所（「羅兵 咸永道」）獲續聘為本公司核數師（「核數師」），任期直至本公司下屆股東週年大會結束為 止，並授權本公司董事會（「董事會」）釐定其薪酬。 董事會謹此 ...

組織章程 成員 會議 2886 濱海投資有限公司 （「公司」） 風險管理委員會 – 職權範圍 會議可以通過親自出席、電話或者電話會議及其他電信設施舉行，惟須所有參與者 都能同時通過聲音和其他會議參與者交流。 6. 次數 委員會每年至少召開1次會議，額外會議應委員會運作需要召開。 委員會主席可酌情決定或2位委員可聯名要求，召開額外會議。 - 1 - 1. 風險管理委員會（「委員會」）的目的在於協助本公司董事會（「董事會」）處理公司的風 險管理相關事宜。 2. 採用本職權範圍的委員會乃根據香港聯合交易所有限公司證券上市規則之企業管治 守則（「上市規則」）設立。 3. 委員會必須由至少4名成員（「成員」）組成，由董事會在董事中選任，且其成員大多數 應為獨立非執行董事； 4. 委員會主席由董事會會委任的獨立非執行董事擔任。 5. 由公司秘書擔任委員會秘書。委員會可以不時委任其他擁有適當資格和經驗的任何 人士作為委員會秘書。 7. 法定人數 會議的法定人數為2名成員或者於會議上有投票權的成員的50%，以較高者為准。 8. 決議 任何會議上的委員會決議均須出席成員多數票通過。 經所有成員簽署的書面決議被視為合法有效，如同 ...

濱海投資有限公司（「本公司」）董事會（「董事會」）謹此宣佈，自二零二四年十一月十五日 起，本公司之香港股份過戶登記分處更換為： 香港中央證券登記有限公司 香港 灣仔 皇后大道東183號 合和中心17樓 1712-1716號舖 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。 2886 更換香港股份過戶登記分處 於本公告日期，董事會成員包括三名執行董事胡浩先生、汪鑫先生及高亮先生，三名非 執行董事張長亮先生、申洪亮先生及于克祥先生，以及四名獨立非執行董事葉成慶先生 銅紫荊星章，太平紳士、劉紹基先生、羅文鈺教授及鄧麗華博士。 電話號碼：(852) 2862 8555 傳真號碼：(852) 2865 0990 由二零二四年十一月十五日起，本公司的股份過戶及登記手續申請此後應遞交至香港中 央證券登記有限公司辦理。 承董事會命 濱海投資有限公司 執行董事 高亮 香港，二零二四年十月三十一日 ...

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 所產生或因倚賴該等內容而引致之任何損失承擔任何責任。 2886 公告 (1)續訂與泰達之持續關連交易 及 (2)根據與中國石化天然氣訂立之中國石化燃氣供應協議訂立新年度上限 獨立董事委員會及獨立股東之 獨立財務顧問 續訂與泰達之持續關連交易 謹此提述本公司日期為二零二一年十一月八日之公告，內容有關本公司與泰達訂立二 零二一年泰達燃氣供應協議及二零二一年泰達燃氣供應接駁協議，該等協議構成本公 司之持續關連交易。 鑑於二零二一年泰達燃氣供應協議及二零二一年泰達燃氣供應接駁協議將於二零二四 年十二月三十一日屆滿，且預期本集團將繼續與泰達集團進行類似交易，本公司已與 泰達訂立(i)自二零二五年一月一日起至二零二七年十二月三十一日止的泰達燃氣供應 協議，據此本集團將根據不時訂立的協議向泰達集團供應天然氣；及(ii)自二零二五年 一月一日起至二零二七年十二月三十一日止的泰達燃氣供應接駁協議，據此本集團將 根據不時訂立的燃氣委託配套建設協議向泰達集團提供燃氣供應接駁服務 ...

Investment Rating - The report assigns a "Buy" rating to the company with a target price of HKD 1.42, based on a P/E ratio of 7.2x for 2024 and a DDM valuation method assuming r=7% and g=0% [1][3]. Core Insights - The company, Binhai Investment (2886.HK), is a leading gas distributor in China, primarily operating in Tianjin and expanding to 8 provinces and 2 cities, with a strong focus on commercial clients [1][6]. - The company has a robust shareholder structure, with major stakeholders including Tianjin TEDA Investment Holding and Sinopec Great Wall Gas, providing strong support for its development [4][6]. - The company has seen a steady increase in gas sales volume, achieving 1.55 billion cubic meters in 2023, a year-on-year growth of 9%, and expects further growth in 2024 [1][6]. - The company has diversified its gas sources and reduced procurement costs by signing contracts with multiple suppliers, enhancing its supply chain flexibility [1][10]. - The company has launched value-added services, including the sale of gas appliances and safety products, which are expected to grow rapidly, with a gross profit of HKD 23.76 million in the first half of 2024, up 31.2% year-on-year [1][10]. - The company has maintained a high dividend payout, with a dividend yield of around 7%, making it attractive to investors [1][13]. Financial Performance and Valuation Summary - The company's revenue for 2023 was HKD 6.41 billion, with a projected increase to HKD 6.98 billion in 2024, reflecting a growth rate of 8.9% [2]. - The net profit attributable to shareholders for 2023 was HKD 256.61 million, with a slight increase expected in 2024 [2]. - The earnings per share (EPS) for 2024 is projected to be HKD 0.20, with a P/E ratio of 7.2x corresponding to a target price of HKD 1.42 [1][2].

Financial Performance - Revenue for the six months ended June 30, 2024, was HK$3,495,192, representing a 12% increase from HK$3,119,303 in the same period of 2023[4] - Gross profit decreased by 17% to HK$319,607 from HK$384,415 year-over-year[4] - Profit for the period was HK$171,176, a slight increase of 0% compared to HK$170,481 in the previous year[6] - Basic earnings per share attributable to owners rose by 1% to 12.41 cents from 12.31 cents[6] - Total comprehensive income for the period was HK$111,216, compared to HK$73,223 in the same period of 2023[7] - Profit for the period was HK$167,924,000, contributing to a total comprehensive income of HK$109,640,000 after accounting for other comprehensive loss[11] - Total segment revenue from external customers for the six months ended 30 June 2024 was HK$3,495,192,000, with sales of piped natural gas contributing HK$3,295,229,000[29] - Profit before income tax for the six months ended June 30, 2024, was HK$213,024,000, compared to HK$175,807,000 in the previous year, reflecting a growth of approximately 21.3%[30] - Profit attributable to owners of the Company for the six months ended 30 June 2024 was HK$167,924,000, slightly up from HK$166,436,000 in 2023, indicating a growth of 0.9%[44] Assets and Liabilities - Total assets decreased by 6% to HK$8,056,480 from HK$8,590,782 as of December 31, 2023[4] - Total liabilities decreased by 8% to HK$5,738,372 from HK$6,270,231[4] - Current assets decreased from HK$1,875,411,000 to HK$1,416,759,000, a reduction of about 24.4%[10] - Total equity attributable to owners of the Company increased slightly from HK$2,233,390,000 to HK$2,240,203,000, reflecting a growth of approximately 0.3%[11] - Non-current liabilities increased significantly from HK$2,059,386,000 to HK$3,000,074,000, marking an increase of approximately 45.7%[9] - Current liabilities decreased from HK$4,051,960,000 to HK$2,580,500,000, a decline of about 36.3%[10] - As of June 30, 2024, the Group's current liabilities exceeded its current assets by approximately HK$1,163,741,000[18] Cash Flow and Financing - Cash generated from operating activities decreased significantly to HK$104,913,000 from HK$288,015,000, representing a decline of about 63.5% year-over-year[15] - The net cash inflow from operating activities was HK$66,306,000, down from HK$255,255,000, indicating a decrease of approximately 74%[15] - The company reported a net finance income of HK$15,179, significantly up from HK$2,847 in the previous year[5] - The company experienced a net cash outflow from investing activities of HK$138,207,000, compared to HK$172,110,000 in the prior year, which is a reduction of approximately 19.7%[15] - The Group's total borrowings amounted to HK$3,907,086, showing a slight increase from HK$3,905,630 as of December 31, 2023[56] - Current borrowings decreased to HK$907,012 from HK$1,846,244, reflecting a reduction in short-term liabilities[56] Dividends and Shareholder Information - The company approved dividends totaling HK$102,827,000 for the last year, which included HK$62,725,000 from retained earnings[11] - The total 2023 Final Dividend recommended was approximately HK$102,827,000, down 24% from HK$135,203,000 in 2022[40] - The Company did not declare an interim dividend for the six months ended 30 June 2024[40] - The company’s largest shareholder, TEDA HK, holds a 36.56% ownership interest as of June 30, 2024, up from 36.24% at the end of 2023[82] Operational Highlights - The Group's income from sales of piped natural gas amounted to HK$3,295,229,000, representing an increase of HK$501,479,000 or 18% compared to HK$2,793,750,000 for the same period last year[103] - The total gas sales volume in the first half of 2024 was 1.327 billion cubic meters, a year-on-year increase of 23.2%, with piped natural gas sales reaching 0.947 billion cubic meters, an increase of 23.9%[109] - The Group's strategic focus includes the continuous optimization of upstream and downstream industry chains as part of the "14th Five-Year Plan"[109] - The Group has established a supply chain company in Shenzhen to enhance resource coordination and market expansion efforts[109] Employee and Governance - The Group had a total of 1,741 employees, a slight decrease from 1,752 employees as of December 31, 2023[119] - Employee salaries and wages for the period amounted to HK$121,200,000, representing an increase of approximately 3.5% from HK$117,168,000 for the same period in 2023[119] - The Company has adopted a Code of Conduct for securities transactions by Directors, ensuring compliance with the Model Code for Securities Transactions by Directors of Listed Issuers[140] - The Board comprises three executive Directors and three non-executive Directors as of the report date[146]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 3,495,192 thousand, representing a 12% increase compared to HKD 3,119,303 thousand for the same period in 2023[1] - Gross profit decreased by 17% to HKD 319,607 thousand from HKD 384,415 thousand year-on-year[1] - Net profit for the period was HKD 171,176 thousand, slightly up from HKD 170,481 thousand, reflecting a 0% change[1] - Operating profit for the period was HKD 255,145 thousand, down from HKD 286,428 thousand in the same period last year[3] - Other income decreased to HKD 49,327 thousand from HKD 68,424 thousand year-on-year[3] - The company reported a total comprehensive income of HKD 111,216 thousand, compared to HKD 73,223 thousand in the previous year[5] - The company reported a profit of HKD 167,924 thousand for the six months ended June 30, 2024, compared to HKD 166,436 thousand in the same period of 2023, indicating a slight increase of approximately 0.9%[9] - The company’s total comprehensive income for the six months ended June 30, 2024, was HKD 109,640 thousand, compared to HKD 72,434 thousand in the same period of 2023, representing an increase of approximately 51.4%[10] Assets and Liabilities - Total assets as of June 30, 2024, decreased by 6% to HKD 8,056,480 thousand from HKD 8,590,782 thousand as of December 31, 2023[1] - Total liabilities decreased by 8% to HKD 5,738,372 thousand from HKD 6,270,231 thousand year-on-year[1] - Total equity as of June 30, 2024, was HKD 2,318,108 thousand, a slight decrease from HKD 2,320,551 thousand as of December 31, 2023[7] - The company’s total assets decreased from HKD 8,590,782 thousand in December 2023 to HKD 8,056,480 thousand in June 2024, representing a decline of about 6.2%[8] - The company’s borrowings increased from HKD 2,059,386 thousand in December 2023 to HKD 3,000,074 thousand in June 2024, indicating a significant increase of approximately 45.7%[8] - The total liabilities, including accounts payable and other payables, increased to HKD 1,324,506 from HKD 1,183,124, reflecting a growth of 11.9%[46] Cash Flow and Financing - The net cash inflow from operating activities for the six months ended June 30, 2024, was HKD 66,306 thousand, a significant decrease from HKD 255,255 thousand in the same period of 2023, reflecting a decline of about 74%[12] - The company’s cash generated from operating activities was HKD 104,913 thousand for the six months ended June 30, 2024, compared to HKD 288,015 thousand in the same period of 2023, indicating a decrease of approximately 63.5%[12] - The net cash inflow from financing activities for the six months ended June 30, 2024, was HKD 1,351,267,000, compared to HKD 605,182,000 in the same period of 2023, representing an increase of 123.5%[13] - The net cash outflow from financing activities was HKD 48,378,000 for the six months ended June 30, 2024, a decrease from HKD 162,413,000 in the previous year, indicating improved cash management[13] - The total cash and cash equivalents decreased by HKD 120,279,000, down from a decrease of HKD 79,268,000 in the same period last year, reflecting a more challenging liquidity position[13] Shareholder Information - The company’s largest shareholder, Taida Hong Kong, holds approximately 40.63% of the issued ordinary shares, while Sinopec holds about 29.97%[14] - The total amount of final dividend proposed for the year ended December 31, 2023, is approximately HKD 102,827,000, down from HKD 135,203,000 for the previous year[96] Operational Highlights - The segment performance for pipeline natural gas sales showed a gross profit of HKD 188,923,000 for the six months ended June 30, 2024, compared to HKD 175,807,000 in 2023, indicating an increase of about 7%[28] - The company’s administrative expenses for the six months ended June 30, 2024, were HKD 139,109,000, compared to HKD 143,913,000 in 2023, showing a reduction of approximately 3%[28] - The company recognized a net profit before tax of HKD 203,772,000 for the six months ended June 30, 2024, compared to HKD 213,024,000 in 2023, representing a decrease of approximately 4%[28] - The company’s income tax expense for the six months ended June 30, 2024, was HKD 32,596,000, down from HKD 42,543,000 in 2023, a decrease of 23.4%[35] - In the first half of 2024, the company achieved a total gas sales volume of 1.327 billion cubic meters, representing a year-on-year increase of 23.2%[85] Strategic Initiatives - The company plans to continue optimizing its upstream and downstream industrial chain as part of its strategic development during the 14th Five-Year Plan[84] - The company established a supply chain company in Shenzhen in 2023 to enhance upstream resource integration and reduce procurement costs[84] - The company aims to leverage the "dual carbon" policy opportunities to drive revenue growth while exploring new profit growth points[87] - The company has established a new brand "Taiyuejia" to diversify its product offerings and enhance profitability in its value-added services segment[85] Governance and Compliance - The financial statements are prepared in accordance with Hong Kong Accounting Standards and the relevant listing rules, ensuring compliance and transparency[15] - The group has not utilized any derivative financial instruments to hedge its financial risks as of June 30, 2024, indicating a conservative risk management approach[22] - The company is committed to transparency and compliance with regulatory requirements[104] - The board of directors consists of three executive directors and four independent non-executive directors[104] - The board includes members with diverse backgrounds, including professionals and scholars[104] Employee Information - The group employed 1,741 staff as of June 30, 2024, with total employee compensation amounting to HKD 121,200,000 for the period[100]