业务方面，管道天然气销售业务仍是公司主要收入来源，占总收入约94%。上半年，公司住宅用户及工 业用户之管道燃气使用量分别约为1.87亿立方米及6.42亿立方米，管道天然气销售收入约27.41亿港元。 工程施工及天然气管道安装服务方面，期内，集团累计城市中压燃气管网长度较去年底增加38公里至约 4014公里，累计高压、次高压燃气管网长度约657公里。天然气管输服务和增值服务业务则保持稳定增 长，尤其是增值服务业务，收入和毛利均同比上升7%，正式成为集团主营业务之一。 展望未来，滨海投资将继续坚持多元化气源战略，深化与上游气源商的合作，同时加速发展增值服务业 务，推动综合能源示范项目落地，向综合能源服务商转型，为股东和投资者创造稳定回报。 此外，滨海投资通过多元化融资渠道和优化融资结构，有效降低了综合融资成本。上半年，公司综合融 资利率为4.67%，同比下降约82个基点，融资成本减少2914万港元，为公司未来战略发展奠定了坚实的 资金基础。 8月22日滨海投资(02886)公布截至2025年6月30日止六个月之中期业绩。期内，集团收入约29.31亿港 元；毛利约3.10亿港元，整体毛利率同比上升约0.9个百分点至 ...

格隆汇8月22日丨滨海投资(02886.HK)发布公告，公司全资附属公司泰城清洁能源于2025年8月22日与天 津市水利工程及天水智城订立注资协议，以现金方式向天水智城注资合计人民币1036.51万元，作为持 有天水智城49%股权的代价。注资款项中，人民币960.78万元用于增加天水智城的注册资本，人民币 75.73万元用于增加天水智城的资本公积。 天水智城为天津市水利工程的直接全资附属公司，而天津市水利工程为泰达的附属公司。本次注资是集 团与天津市水利工程的战略合作，旨在为天水智城的业务运营和扩展筹集资金，并发展成为专业的燃气 工程平台。注资完成后，泰城清洁能源将成为天水智城的新股东，泰城清洁能源及天津市水利工程将分 别持有天水智城49%和51%的股权。 ...

智通财经APP讯，滨海投资(02886)发布公告，本公司全资附属公司泰城清洁能源于2025年8月22日与天 津市水利工程及天水智城订立注资协议，以现金方式向天水智城注资合计人民币1036.51万元，作为持 有天水智城49%股权的代价。注资款项中，人民币960.78万元用于增加天水智城的注册资本，人民币 75.73万元用于增加天水智城的资本公积。天水智城为天津市水利工程的直接全资附属公司，而天津市 水利工程为泰达的附属公司。本次注资是本集团与天津市水利工程的战略合作，旨在为天水智城的业务 运营和扩展筹集资金，并发展成为专业的燃气工程平台。 注资完成后，泰城清洁能源将成为天水智城的新股东，泰城清洁能源及天津市水利工程将分别持有天水 智城49%和51%的股权。 本次注资是本集团与天津市水利工程的战略合作，旨在为天水智城的业务运营和扩展的资金需求以及发 展成为专业的燃气工程平台筹集资金。本集团将从天水智城的多方面业务发展中受益，例如： (1)天水智城可深度参与本集团相关工程项目的前期规划与施工交底，从而实现对工程进度、质量及安 全的精准管控。此外，天水智城可依托天津市水利工程的综合实力，助力本集团增强大额项目的资金统 ...

格隆汇8月22日丨滨海投资(02886.HK)公告，截至2025年6月30日止6个月中期业绩，收入29.3亿港元， 同比减少17%；公司拥有人应占溢利约为1.73亿港元，同比增加3%。公司拥有人应占溢利的增加主要由 于截至2025年6月30日止6个月：(1)其他收益的增加；及(2)融资成本的减少。于期内公司每股基本收益 为12.54港仙，比对去年同期12.41港仙增加0.13港仙。 2025年下半年，中国天然气市场或持续面对国产气及管道气供应增长，LNG进口则面临国际高价及需 求乏力的双重制约。在国内经济持续复苏的步伐带动下，终端消费需求有望逐步改善。集团将在保障城 燃业务主业稳定增长同时，加速发展增值服务业务，同时加快综合能源示范项目落地步伐，从而实现集 团向综合能源服务商转型。公司有信心在2025年实现盈利呈恢复性稳定增长，为股东和投资者持续创造 稳定且优厚的回报。 ...

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。 注資完成後，泰城清潔能源將成為天水智城的新股東，泰城清潔能源及天津市水利工 程將分別持有天水智城49%和51%的股權。 - 1 - 上市規則涵義 泰達為本公司之控股股東，間接擁有579,378,707股股份（相當於已發行股份總數約 42.18%）之權益，故其根據上市規則為本公司之關連人士。由於天津市水利工程及天 水智城各自為泰達之附屬公司及其聯繫人，故其根據上市規則亦被視為本公司之關連 人士。因此，根據上市規則第14A章，注資協議項下擬進行之交易構成本公司之關連 交易。 由於上市規則第14.07條下與注資協議項下擬進行的交易有關的多個適用百分比率高於 0.1%，但所有適用百分比率均低於5%，故注資協議項下擬進行的關連交易僅受報告和 公告要求的約束，但免於遵守上市規則第14A章項下之通函及獨立股東批准規定。 2886 關連交易 向天津市天水智城建設工程有限公司注資之協議 注資協議 本公司全資附屬公司泰城清 ...

Financial Highlights [Key Financial Highlights](index=1&type=section&id=Key%20Financial%20Highlights) Binhai Investment Company Limited's unaudited results for the six months ended June 30, 2025, show a 17% YoY revenue decline to HK$2,931,118 thousand, while profit for the period grew 3% Key Financial Summary for H1 2025 | Indicator | June 30, 2025 (HK$ thousands) | June 30, 2024 (HK$ thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 2,931,118 | 3,530,446 | -17% | | Gross Profit | 310,051 | 343,366 | -10% | | Profit for the Period | 176,506 | 171,176 | 3% | | Basic Earnings Per Share Attributable to Owners of the Company | 12.54 cents | 12.41 cents | 1% | | Indicator | June 30, 2025 (HK$ thousands) | December 31, 2024 (HK$ thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 7,997,546 | 7,749,788 | 3% | | Total Equity | 2,400,459 | 2,304,146 | 4% | | Total Liabilities | 5,597,087 | 5,445,642 | 3% | Condensed Consolidated Interim Financial Statements [Condensed Consolidated Interim Statement of Profit or Loss](index=2&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Profit%20or%20Loss) For the six months ended June 30, 2025, revenue decreased by 17% YoY, but profit for the period increased by 3% due to a significant rise in other net gains and lower finance costs Key Data from Condensed Consolidated Interim Statement of Profit or Loss | Indicator | June 30, 2025 (HK$ thousands) | June 30, 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Revenue | 2,931,118 | 3,530,446 | -17% | | Cost of sales and services | (2,621,067) | (3,187,080) | -17.7% | | Gross Profit | 310,051 | 343,366 | -10% | | Other income | 13,016 | 25,568 | -49.1% | | Administrative expenses | (90,086) | (81,603) | +10.4% | | R&D expenses | (50,447) | (57,506) | -12.3% | | Other net gains | 64,072 | 4,024 | +1492.3% | | Operating Profit | 257,759 | 255,145 | +1.0% | | Net finance costs | (43,419) | (59,450) | -26.9% | | Profit for the period | 176,506 | 171,176 | +3.1% | | Profit attributable to owners of the Company | 172,815 | 167,924 | +2.9% | | Basic earnings per share | 12.54 cents | 12.41 cents | +1.0% | [Condensed Consolidated Interim Statement of Comprehensive Income](index=4&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Comprehensive%20Income) For the six months ended June 30, 2025, total comprehensive income for the period surged by 119.9% YoY to HK$244,612 thousand, driven by a turnaround in other comprehensive income Key Data from Condensed Consolidated Interim Statement of Comprehensive Income | Indicator | June 30, 2025 (HK$ thousands) | June 30, 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Profit for the period | 176,506 | 171,176 | +3.1% | | Other comprehensive income/(loss) | 68,106 | (59,960) | From loss to gain | | Total comprehensive income for the period | 244,612 | 111,216 | +119.9% | | Total comprehensive income for the period attributable to owners of the Company | 239,096 | 109,640 | +118.1% | [Condensed Consolidated Interim Statement of Financial Position](index=5&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Financial%20Position) As of June 30, 2025, total assets grew to HK$7,997,546 thousand, while current liabilities exceeded current assets by approximately HK$2,536,894 thousand Key Data from Condensed Consolidated Interim Statement of Financial Position | Indicator | June 30, 2025 (HK$ thousands) | December 31, 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | **Assets** | | | | | Property, plant and equipment | 6,304,670 | 5,985,500 | +5.3% | | Investments in associates and joint ventures | 316,016 | 302,781 | +4.4% | | Total current assets | 1,056,238 | 1,121,309 | -5.8% | | **Total Assets** | **7,997,546** | **7,749,788** | **+3.2%** | | **Equity and Liabilities** | | | | | Equity attributable to owners of the Company | 2,329,105 | 2,221,739 | +4.8% | | **Total Equity** | **2,400,459** | **2,304,146** | **+4.2%** | | Total non-current liabilities | 2,003,955 | 2,422,971 | -17.3% | | Total current liabilities | 3,593,132 | 3,022,671 | +18.9% | | **Total Liabilities** | **5,597,087** | **5,445,642** | **+2.8%** | - As of June 30, 2025, the Group's **current liabilities exceeded its current assets by approximately HK$2,536,894 thousand**, but management believes it has sufficient financial resources to support its operations and meet its financial obligations for the next 12 months[18](index=18&type=chunk) [Condensed Consolidated Interim Statement of Changes in Equity](index=7&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Changes%20in%20Equity) For the six months ended June 30, 2025, total equity increased to HK$2,400,459 thousand, positively impacted by profit and other comprehensive income, alongside dividend payments and share repurchases Key Data from Condensed Consolidated Interim Statement of Changes in Equity | Indicator | January 1, 2025 (HK$ thousands) | June 30, 2025 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Equity attributable to owners of the Company | 2,221,739 | 2,329,105 | +4.8% | | Non-controlling interests | 82,407 | 71,354 | -13.4% | | **Total Equity** | **2,304,146** | **2,400,459** | **+4.2%** | | Profit for the period (attributable to owners of the Company) | - | 172,815 | - | | Other comprehensive income for the period (attributable to owners of the Company) | - | 66,281 | - | | Approved prior year's dividend | - | (104,428) | - | | Repurchase of treasury shares | - | (3,424) | - | | Approved redemption of preference shares | - | (24,033) | - | [Condensed Interim Consolidated Statement of Cash Flows](index=9&type=section&id=Condensed%20Interim%20Consolidated%20Statement%20of%20Cash%20Flows) For the six months ended June 30, 2025, net cash from operating activities decreased by 43.3% YoY, while financing activities shifted from a net outflow to a net inflow of HK$89,906 thousand Key Data from Condensed Interim Consolidated Statement of Cash Flows | Indicator | June 30, 2025 (HK$ thousands) | June 30, 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Net cash inflow from operating activities | 37,619 | 66,306 | -43.3% | | Net cash outflow from investing activities | (205,469) | (138,207) | +48.7% | | Net cash inflow/(outflow) from financing activities | 89,906 | (48,378) | From outflow to inflow | | Net decrease in cash and cash equivalents | (77,944) | (120,279) | -35.2% | | Cash and cash equivalents at end of period | 325,767 | 662,189 | -50.8% | Notes to the Condensed Consolidated Interim Financial Statements [General Information](index=11&type=section&id=General%20Information) Binhai Investment Company Limited is incorporated in Bermuda with its principal place of business in Hong Kong, and its ordinary shares are listed on the Hong Kong Stock Exchange - The Company is incorporated in Bermuda, with its ordinary shares listed on the Hong Kong Stock Exchange and its principal place of business in Hong Kong[14](index=14&type=chunk) - TEDA HK (an indirect subsidiary of TEDA) holds approximately **42.18%** of the Company's total issued ordinary shares, making it the largest ultimate shareholder; Great Wall Gas Investment (Hong Kong) Limited (a wholly-owned subsidiary of Sinopec) holds approximately **29.52%**, making it the second-largest ultimate shareholder[15](index=15&type=chunk) - The Group's condensed consolidated interim financial statements are presented in Hong Kong dollars, while the functional currency of the Company and its subsidiaries is Renminbi[15](index=15&type=chunk) [Basis of Preparation](index=11&type=section&id=Basis%20of%20Preparation) The financial statements are prepared under HKAS 34 and HKEX Listing Rules, using the historical cost basis, with the going concern basis deemed appropriate despite net current liabilities - The financial statements are prepared in accordance with Hong Kong Accounting Standard 34 and Appendix D2 of the Hong Kong Stock Exchange Listing Rules, using the historical cost basis[16](index=16&type=chunk)[17](index=17&type=chunk) - As of June 30, 2025, the Group's **current liabilities exceeded its current assets by approximately HK$2,536,894 thousand**, but management considers the going concern basis appropriate based on profitability and secured loan facilities of approximately HK$1,151,739 thousand[18](index=18&type=chunk) [Accounting Policies](index=12&type=section&id=Accounting%20Policies) The accounting policies adopted are consistent with the 2024 annual financial statements, with the adoption of amendments to HKAS 21 having no significant impact on the Group - The accounting policies are consistent with the 2024 annual consolidated financial statements, and the adoption of amendments to HKAS 21 "Lack of Exchangeability" had no significant impact[19](index=19&type=chunk)[20](index=20&type=chunk) [Estimates](index=12&type=section&id=Estimates) The preparation of interim financial information involves management judgments and estimates, with the sources of uncertainty remaining consistent with the 2024 annual financial statements - The preparation of interim financial information involves management judgments, estimates, and assumptions, with the sources of significant estimation uncertainty remaining the same as in the 2024 annual consolidated financial statements[21](index=21&type=chunk) [Financial Risk Management and Financial Instruments](index=13&type=section&id=Financial%20Risk%20Management%20and%20Financial%20Instruments) The Group is exposed to market, credit, and liquidity risks, with no significant changes in risk management policies since year-end and no use of derivative financial instruments for hedging - The Group's operations are exposed to market risk (foreign exchange, cash flow, and fair value interest rate risk), credit risk, and liquidity risk, with no derivative financial instruments used for hedging during the period[22](index=22&type=chunk) - There have been **no significant changes** in risk management policies or the contractual undiscounted cash outflows of financial liabilities since the end of 2024[23](index=23&type=chunk)[24](index=24&type=chunk) - Fair value measurements are analyzed using a three-level hierarchy, with no transfers between levels during the period and no significant changes in business or economic conditions affecting fair values[24](index=24&type=chunk)[25](index=25&type=chunk) [Segment Information](index=14&type=section&id=Segment%20Information) The Group has created a new "Value-added Services" segment by combining sales of gas appliances, minor installation, maintenance, and insurance agency services to provide more relevant information - The Group has combined the sales of gas appliances, minor installation services, maintenance services, and insurance agency services into a new "Value-added Services" segment to provide more relevant and comparable financial information[27](index=27&type=chunk) Segment Revenue and Results for H1 2025 | Segment | Revenue (HK$ thousands) | % of Total | Segment Results (Gross Profit, HK$ thousands) | % of Total | | :--- | :--- | :--- | :--- | :--- | | Piped natural gas sales | 2,741,373 | 93.5% | 189,140 | 61.0% | | Engineering construction and natural gas pipeline installation services | 124,976 | 4.3% | 71,909 | 23.2% | | Natural gas pipeline transmission services | 27,099 | 0.9% | 23,603 | 7.6% | | Value-added services | 37,670 | 1.3% | 25,399 | 8.2% | | **Total** | **2,931,118** | **100%** | **310,051** | **100%** | Segment Revenue and Results for H1 2024 | Segment | Revenue (HK$ thousands) | % of Total | Segment Results (Gross Profit, HK$ thousands) | % of Total | | :--- | :--- | :--- | :--- | :--- | | Piped natural gas sales | 3,295,229 | 93.3% | 188,923 | 55.0% | | Engineering construction and natural gas pipeline installation services | 167,572 | 4.7% | 102,248 | 29.8% | | Natural gas pipeline transmission services | 32,391 | 0.9% | 28,436 | 8.3% | | Value-added services | 35,254 | 1.0% | 23,759 | 6.9% | | **Total** | **3,530,446** | **100%** | **343,366** | **100%** | [Other Income](index=17&type=section&id=Other%20Income) For the six months ended June 30, 2025, other income was HK$13,016 thousand, a 49.1% YoY decrease, primarily due to a significant reduction in government grants Details of Other Income | Item | June 30, 2025 (HK$ thousands) | June 30, 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Government grants | 9,665 | 22,644 | -57.3% | | Maintenance and renovation service income | 2,924 | 2,638 | +10.8% | | Rental income | 427 | 286 | +49.3% | | **Total** | **13,016** | **25,568** | **-49.1%** | [Other Net Gains](index=17&type=section&id=Other%20Net%20Gains) For the six months ended June 30, 2025, other net gains surged to HK$64,072 thousand, a 1492.3% YoY increase, mainly driven by compensation for pipeline relocation and a shift from net exchange loss to gain Details of Other Net Gains | Item | June 30, 2025 (HK$ thousands) | June 30, 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Net compensation income for relocation of natural gas pipelines | 54,538 | 19,031 | +186.6% | | Net exchange gain/(loss) | 11,444 | (23,696) | From loss to gain | | Net gain on disposal of subsidiaries | 487 | 2,853 | -82.9% | | **Total** | **64,072** | **4,024** | **+1492.3%** | [Cost of Sales and Services, Administrative Expenses and R&D Expenses](index=18&type=section&id=Cost%20of%20Sales%20and%20Services%2C%20Administrative%20Expenses%20and%20R%26D%20Expenses) For the six months ended June 30, 2025, total costs and expenses decreased by 17% YoY to HK$2,761,600 thousand, primarily due to a significant reduction in natural gas procurement costs Details of Cost of Sales and Services, Administrative Expenses and R&D Expenses | Item | June 30, 2025 (HK$ thousands) | June 30, 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Natural gas procurement costs | 2,385,024 | 2,942,825 | -19.0% | | Employee benefit expenses | 139,370 | 121,200 | +15.0% | | Depreciation | 104,347 | 103,993 | +0.3% | | Total cost of sales and services, administrative expenses and R&D expenses | 2,761,600 | 3,326,189 | -17.0% | [Finance Income and Costs](index=18&type=section&id=Finance%20Income%20and%20Costs) For the six months ended June 30, 2025, net finance costs decreased significantly by 26.9% YoY to HK$43,419 thousand, driven by lower interest expenses and increased capitalization Details of Finance Income and Costs | Item | June 30, 2025 (HK$ thousands) | June 30, 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Interest income on bank deposits | 2,071 | 15,179 | -86.4% | | Interest expense | (83,544) | (110,409) | -24.4% | | Less: Amount capitalized in construction in progress | 38,054 | 35,780 | +6.3% | | **Net finance costs** | **(43,419)** | **(59,450)** | **-26.9%** | [Income Tax Expense](index=19&type=section&id=Income%20Tax%20Expense) For the six months ended June 30, 2025, income tax expense rose by 39% YoY to HK$45,279 thousand, mainly due to an increase in current income tax Details of Income Tax Expense | Item | June 30, 2025 (HK$ thousands) | June 30, 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Current income tax | 45,524 | 30,980 | +46.9% | | Deferred income tax expense | (245) | 1,616 | From expense to credit | | **Total** | **45,279** | **32,596** | **+39.0%** | - The Group is subject to a two-tiered profits tax rate, with high-tech enterprises like Tianjin Clean Energy enjoying a preferential rate of **15%**[35](index=35&type=chunk) - Binhai HK obtained a Certificate of Resident Status in 2022, allowing it to apply a reduced dividend withholding tax rate[35](index=35&type=chunk) [Dividends](index=20&type=section&id=Dividends) The Board proposed a final dividend of HK$0.076 per ordinary share for 2024, totaling approximately HK$104,428 thousand, which was approved and paid, with no interim dividend declared for the current period - The 2024 final dividend of **HK$0.076 per ordinary share**, totaling approximately HK$104,428 thousand, was approved on May 9, 2025, and paid on June 10, 2025[37](index=37&type=chunk) - The Board has decided **not to declare an interim dividend** for the six months ended June 30, 2025[38](index=38&type=chunk) [Earnings Per Share](index=20&type=section&id=Earnings%20Per%20Share) For the six months ended June 30, 2025, both basic and diluted earnings per share were 12.54 HK cents, showing a slight increase compared to the same period last year Earnings Per Share Data | Indicator | June 30, 2025 (HK cents) | June 30, 2024 (HK cents) | Change | | :--- | :--- | :--- | :--- | | Basic earnings per share | 12.54 | 12.41 | +1.0% | | Diluted earnings per share | 12.54 | 12.41 | +1.0% | [Property, Plant and Equipment](index=21&type=section&id=Property%2C%20Plant%20and%20Equipment) As of June 30, 2025, the net book value of property, plant, and equipment increased to HK$6,304,670 thousand, mainly driven by additions and positive exchange differences Changes in Property, Plant and Equipment | Item | June 30, 2025 (HK$ thousands) | June 30, 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Net book value at beginning of period | 5,985,500 | 6,007,569 | -0.4% | | Additions | 224,477 | 163,149 | +37.6% | | Depreciation expense | (95,745) | (95,578) | +0.2% | | Exchange differences | 193,198 | (123,319) | From negative to positive | | Net book value at end of period | 6,304,670 | 5,951,540 | +5.9% | [Accounts Receivable and Other Receivables](index=21&type=section&id=Accounts%20Receivable%20and%20Other%20Receivables) As of June 30, 2025, total accounts receivable and other receivables increased to HK$351,028 thousand, with the Group offering credit periods of 90 to 180 days Total Accounts Receivable and Other Receivables | Indicator | June 30, 2025 (HK$ thousands) | December 31, 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Total accounts receivable and other receivables | 351,028 | 304,602 | +15.2% | - The Group offers a **90-day credit period** to piped natural gas and transmission service customers, and a **180-day credit period** to engineering and installation service customers[44](index=44&type=chunk) Aging Analysis of Accounts Receivable | Aging | June 30, 2025 (HK$ thousands) | December 31, 2024 (HK$ thousands) | | :--- | :--- | :--- | | 0-90 days | 88,075 | 65,725 | | 91-180 days | 5,249 | 20,059 | | 181-365 days | 35,033 | 27,778 | | Over 365 days | 201,738 | 196,293 | | **Total** | **330,095** | **309,855** | [Share Capital](index=22&type=section&id=Share%20Capital) As of June 30, 2025, the company's total share capital decreased to HK$258,292 thousand, primarily due to the redemption of some redeemable preference shares Share Capital Composition | Item | June 30, 2025 (HK$ thousands) | December 31, 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Ordinary shares (issued and fully paid) | 138,325 | 138,325 | 0% | | Redeemable preference shares (authorized, issued and fully paid) | 119,967 | 144,000 | -16.7% | | **Total** | **258,292** | **282,325** | **-8.5%** | [Accounts Payable and Other Payables](index=23&type=section&id=Accounts%20Payable%20and%20Other%20Payables) As of June 30, 2025, total accounts payable and other payables amounted to HK$1,226,107 thousand, a slight increase from the end of 2024 Total Accounts Payable and Other Payables | Indicator | June 30, 2025 (HK$ thousands) | December 31, 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Accounts payable and other payables | 1,226,107 | 1,204,412 | +1.8% | Aging Analysis of Accounts Payable | Aging | June 30, 2025 (HK$ thousands) | December 31, 2024 (HK$ thousands) | | :--- | :--- | :--- | | 0-90 days | 113,751 | 174,303 | | 91-180 days | 64,790 | 51,766 | | 181-365 days | 124,697 | 101,772 | | Over 365 days | 358,255 | 319,469 | | **Total** | **661,493** | **647,310** | [Borrowings](index=24&type=section&id=Borrowings) As of June 30, 2025, total borrowings increased to HK$3,706,434 thousand, with a significant rise in current borrowings increasing short-term repayment pressure Total Borrowings and Composition | Indicator | June 30, 2025 (HK$ thousands) | December 31, 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Total non-current borrowings | 1,849,470 | 2,258,172 | -18.1% | | Total current borrowings | 1,856,964 | 1,071,352 | +73.3% | | **Total Borrowings** | **3,706,434** | **3,329,524** | **+11.3%** | - In April 2025, the company fully repaid the **RMB tranche of its syndicated loan**, approximately HK$238 million, with the remaining USD tranche due in June 2026[49](index=49&type=chunk) - Secured bank borrowings are guaranteed by the charging rights of certain subsidiaries and certain accounts receivable, while other borrowings are secured by the equity of a subsidiary and natural gas pipeline assets with a net book value of approximately **HK$348 million**[51](index=51&type=chunk) [Deferred Income](index=27&type=section&id=Deferred%20Income) As of June 30, 2025, total deferred income was HK$142,627 thousand, comprising government grants and construction project subsidies to be recognized over the assets' useful lives Details of Deferred Income | Item | June 30, 2025 (HK$ thousands) | December 31, 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Government grants | 52,260 | 57,433 | -9.0% | | Construction project subsidies | 90,367 | 87,832 | +2.9% | | **Total** | **142,627** | **145,265** | **-1.8%** | - Government grants and construction project subsidies will be credited to profit or loss on a straight-line basis over the **30-year estimated useful life** of the related gas pipeline assets[52](index=52&type=chunk) [Deferred Income Tax](index=28&type=section&id=Deferred%20Income%20Tax) As of June 30, 2025, the net deferred tax asset was HK$26,617 thousand and the net deferred tax liability was HK$7,047 thousand, arising from various temporary differences Deferred Tax Assets and Liabilities | Indicator | June 30, 2025 (HK$ thousands) | December 31, 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Deferred tax assets | 51,905 | 53,375 | -2.8% | | Set-off against deferred tax liabilities | (25,288) | (22,602) | +11.9% | | **Net deferred tax assets** | **26,617** | **30,773** | **-13.5%** | | Deferred tax liabilities | 32,335 | 34,866 | -7.3% | | Set-off against deferred tax assets | (25,288) | (22,602) | +11.9% | | **Net deferred tax liabilities** | **7,047** | **12,264** | **-42.6%** | [Commitments](index=30&type=section&id=Commitments) As of June 30, 2025, the Group had capital commitments that were contracted but not provided for - As of June 30, 2025, the Group had **capital commitments** that were contracted but not provided for[55](index=55&type=chunk) [Related Party Transactions](index=30&type=section&id=Related%20Party%20Transactions) The Group engaged in numerous transactions with entities controlled by its major shareholders, TEDA and Sinopec, and other related parties in the ordinary course of business - The Company's largest ultimate shareholder is **TEDA (42.18% holding)**, and the second-largest is **Sinopec (29.52% holding)**[57](index=57&type=chunk) Transactions with Related Parties (H1 2025) | Transaction Type | June 30, 2025 (HK$ thousands) | June 30, 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Piped natural gas sales | 196,975 | 197,629 | -0.3% | | Engineering construction and natural gas pipeline installation services | 2,554 | 2,783 | -8.3% | | Natural gas procurement | 460,532 | 990,910 | -53.5% | | Purchase of gasoline and others | 10,593 | 787 | +1245.9% | | Interest expense (paid to Sinopec-controlled entities) | 6,424 | 6,510 | -1.3% | | Other service fees | 7,900 | 8,029 | -1.6% | Balances with Related Parties (as of June 30, 2025) | Balance Type | June 30, 2025 (HK$ thousands) | December 31, 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Accounts receivable and other receivables | 11,603 | 11,566 | +0.3% | | Prepayments | 24,404 | 47,224 | -48.3% | | Accounts payable and other payables | 11,054 | 8,201 | +34.8% | | Contract liabilities | 10,652 | 16,412 | -35.1% | | Borrowings (from Sinopec-controlled entities) | 328,740 | 319,354 | +2.9% | - The Group conducts various transactions with other state-controlled entities in China on terms comparable to those with non-state-controlled entities[71](index=71&type=chunk)[72](index=72&type=chunk)[74](index=74&type=chunk) Key Management Personnel Remuneration | Item | June 30, 2025 (HK$ thousands) | June 30, 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Fees | 1,328 | 1,275 | +4.2% | | Remuneration, share options and other allowances | 1,798 | 2,460 | -26.9% | | Retirement benefits | 130 | 124 | +4.8% | Business Review [Piped Natural Gas Sales](index=36&type=section&id=Piped%20Natural%20Gas%20Sales) Affected by a warm winter and slow economic recovery, the Group's total gas sales volume fell 14% to 1.14 billion cubic meters, leading to a 17% YoY revenue decline - In H1 2025, China's apparent natural gas consumption decreased by 0.9% YoY, while the Group's **total gas sales volume fell by 14%** to 1.14 billion cubic meters[76](index=76&type=chunk) Piped Natural Gas Sales Revenue | Indicator | H1 2025 (HK$ thousands) | H1 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Piped natural gas sales revenue | 2,741,373 | 3,295,229 | -17% | [Engineering Construction and Natural Gas Pipeline Installation Services](index=36&type=section&id=Engineering%20Construction%20and%20Natural%20Gas%20Pipeline%20Installation%20Services) Revenue from engineering and installation services decreased by 25% YoY to HK$124,976 thousand due to the slow recovery of China's real estate market - Impacted by the slow recovery of China's real estate market, revenue from engineering construction and natural gas pipeline installation services **decreased by 25% YoY** to HK$124,976 thousand[77](index=77&type=chunk) - The Group's total user base grew by 1% to **2.47 million households**, and the urban medium-pressure gas pipeline network expanded by 38 km to approximately 4,014 km[77](index=77&type=chunk) [Natural Gas Pipeline Transmission Services](index=37&type=section&id=Natural%20Gas%20Pipeline%20Transmission%20Services) For the six months ended June 30, 2025, the Group's gas transmission volume was approximately 311,520,000 cubic meters, with revenue declining 16% YoY to HK$27,099 thousand Natural Gas Pipeline Transmission Services Revenue | Indicator | H1 2025 (HK$ thousands) | H1 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Natural gas pipeline transmission services revenue | 27,099 | 32,391 | -16% | - Natural gas, as a clean and efficient energy source, plays a key role in addressing environmental pollution and transitioning to sustainable energy systems, aligning with China's green energy initiatives[78](index=78&type=chunk) [Value-added Services](index=37&type=section&id=Value-added%20Services) Revenue from value-added services grew by 7% YoY to HK$37,670 thousand, driven by strong growth in sales of gas appliances, maintenance, and insurance agency services Breakdown of Value-added Services Revenue | Item | H1 2025 (HK$ thousands) | H1 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Total value-added services revenue | 37,670 | 35,254 | +7% | | Gas appliance sales revenue | 9,931 | 7,167 | +39% | | Minor installation services revenue | 18,464 | 20,652 | -11% | | Maintenance services revenue | 4,177 | 3,195 | +31% | | Insurance agency services revenue | 5,098 | 4,240 | +20% | [Real Estate Business](index=37&type=section&id=Real%20Estate%20Business) The Group holds a commercial land plot in Tianjin Airport Economic Area and plans to sell the property under construction to focus on its core gas business - The Group holds a commercial land plot of approximately **15,899.6 square meters** in the Tianjin Airport Economic Area with a 40-year land use right from December 31, 2009[80](index=80&type=chunk) - In line with its strategic focus on the gas business, management plans to **sell the property under construction** and has engaged agents and potential buyers[80](index=80&type=chunk) Outlook [Market Environment and Trends](index=38&type=section&id=Market%20Environment%20and%20Trends) China's natural gas market was weak in H1 2025, but the Group's Q2 sales volume grew 13% YoY, and supportive government policies are expected to aid margin recovery for city gas enterprises - In H1 2025, China's natural gas market was weak, with apparent consumption **decreasing by 0.9% YoY**[81](index=81&type=chunk) - The Group's total gas sales volume fell 14% in H1, but **rose 13% YoY in Q2**, indicating strong underlying growth potential despite the impact of a warm winter[81](index=81&type=chunk) - China's real estate market is recovering slowly, but key indicators are stabilizing, suggesting a return to optimism is expected[82](index=82&type=chunk) - Government initiatives promoting cost pass-through mechanisms for residential gas will help city gas enterprises **recover gross margins** and optimize pricing linkage[82](index=82&type=chunk) [Business Development Strategy](index=39&type=section&id=Business%20Development%20Strategy) The Group will pursue a diversified gas sourcing strategy, deepen partnerships with suppliers, and accelerate the development of value-added services to create a new profit growth engine - The Group will adhere to a **diversified gas sourcing strategy**, strengthening cooperation with major upstream suppliers to ensure supply security and stability[83](index=83&type=chunk) - Value-added services have become a core business, with revenue and gross profit **up 7% YoY** in H1, driven by a 39% increase in "Tai Yue Jia" gas appliance sales revenue[84](index=84&type=chunk) - The Group is expanding its value-added services by enriching product categories, launching kitchen renovation services, and planning to complete an e-commerce platform in H2[84](index=84&type=chunk) - A government notice promoting home and kitchen appliance "renewal" is expected to **boost the growth of value-added services**[84](index=84&type=chunk) [Financing Strategy](index=39&type=section&id=Financing%20Strategy) Through diversified financing channels and structural optimization, the Group reduced its comprehensive financing rate to 4.67% in H1 2025, resulting in a HK$26.87 million YoY decrease in interest expenses - The Group effectively controlled loan interest rates and reduced overall financing costs through diversified financing channels and structural optimization[85](index=85&type=chunk) Comprehensive Financing Rate and Interest Expense | Indicator | H1 2025 | End of 2024 | | :--- | :--- | :--- | | Comprehensive financing rate | 4.67% | 5.29% (estimated) | | YoY decrease in interest expense | HK$26.87 million | - | [H2 Outlook](index=40&type=section&id=H2%20Outlook) The Group will focus on stable growth in its city gas business, accelerate value-added services, and advance integrated energy projects to transform into an integrated energy service provider - In H2, China's natural gas market may face growing domestic supply while LNG imports are constrained by high international prices and weak demand[86](index=86&type=chunk) - The Group will ensure stable growth in its city gas business, accelerate the development of value-added services, and expedite the implementation of integrated energy demonstration projects to transform into an **integrated energy service provider**[86](index=86&type=chunk) - The company is confident in achieving **stable and restorative profit growth** in 2025, creating sustainable returns for shareholders[86](index=86&type=chunk) Financial Review [Gross Profit Margin](index=40&type=section&id=Gross%20Profit%20Margin) In H1 2025, the consolidated gross profit margin was 10.6%, an increase from 9.7% in the prior year period, primarily due to improved margins from piped natural gas sales Consolidated Gross Profit and Gross Profit Margin | Indicator | H1 2025 (HK$ thousands) | H1 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Consolidated Gross Profit | 310,051 | 343,366 | -10% | | Consolidated Gross Profit Margin | 10.6% | 9.7% | +0.9 p.p. | - The increase in consolidated gross profit margin was mainly due to the **improved gross profit margin of piped natural gas sales**[87](index=87&type=chunk) [Administrative Expenses](index=40&type=section&id=Administrative%20Expenses) Administrative expenses for H1 2025 were approximately HK$90 million, an increase of about HK$8 million or 10% compared to the same period last year Administrative Expenses | Indicator | H1 2025 (HK$ thousands) | H1 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Administrative Expenses | 90,086 | 81,603 | +10% | [Profit Attributable to Owners of the Company](index=40&type=section&id=Profit%20Attributable%20to%20Owners%20of%20the%20Company) For H1 2025, profit attributable to owners of the Company was approximately HK$173 million, a 3% YoY increase, mainly due to higher other income and lower finance costs Profit Attributable to Owners of the Company | Indicator | H1 2025 (HK$ thousands) | H1 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Profit Attributable to Owners of the Company | 172,815 | 167,924 | +3% | - The increase in profit was primarily due to **higher other income and reduced finance costs**[89](index=89&type=chunk) [Basic Earnings Per Share](index=40&type=section&id=Basic%20Earnings%20Per%20Share) Basic earnings per share for H1 2025 was 12.54 HK cents, an increase of 0.13 HK cents compared to the same period last year Basic Earnings Per Share | Indicator | H1 2025 (HK cents) | H1 2024 (HK cents) | Change | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share | 12.54 | 12.41 | +0.13 cents | [Capital Liquidity and Financial Resources](index=40&type=section&id=Capital%20Liquidity%20and%20Financial%20Resources) The Group is financed through operating cash flows and borrowings, with total borrowings increasing to HK$3,706,434 thousand, a current ratio of 0.29, and a gearing ratio of 58% - The Group finances its capital liquidity needs primarily through cash flows from operating activities and interest-bearing bank loans and other borrowings[91](index=91&type=chunk) Capital Liquidity Indicators | Indicator | June 30, 2025 (HK$ thousands) | December 31, 2024 (HK$ thousands) | Change | | :--- | :--- | :--- | :--- | | Total borrowings | 3,706,434 | 3,329,524 | +11.3% | | Cash and bank deposits | 391,851 | 415,125 | -5.6% | | Current assets | 1,056,238 | 1,121,309 | -5.8% | | Current ratio | 0.29 | 0.37 (estimated) | -0.08 | | Gearing ratio | 58% | 56% | +2 p.p. | - The company is reviewing existing loans due in 2025 and plans to negotiate with potential financiers for refinancing at more competitive rates[92](index=92&type=chunk) [Borrowing Structure](index=41&type=section&id=Borrowing%20Structure) As of June 30, 2025, total borrowings were HK$3,706,434 thousand, with 82% denominated in RMB, 75% at floating rates, and short-term borrowings totaling HK$1,856,964 thousand - As of June 30, 2025, total borrowings were HK$3,706,434 thousand, with **18% denominated in USD and 82% in RMB**[93](index=93&type=chunk) - **25% of borrowings are at fixed interest rates** and 75% are at floating rates, with short-term borrowings and the current portion of long-term borrowings totaling HK$1,856,964 thousand[93](index=93&type=chunk) [Directors' Opinion on Adequacy of Working Capital](index=41&type=section&id=Directors'%20Opinion%20on%20Adequacy%20of%20Working%20Capital) Despite net current liabilities of approximately HK$2,536,894 thousand, the Board believes the Group will have sufficient working capital to meet its financial obligations for the next twelve months - Although current liabilities exceeded current assets by approximately HK$2,536,894 thousand as of June 30, 2025, the Board is of the opinion that the Group will have **sufficient working capital** to meet its financial obligations for the next twelve months[94](index=94&type=chunk) [Risks Arising from Exchange Rate Fluctuations](index=42&type=section&id=Risks%20Arising%20from%20Exchange%20Rate%20Fluctuations) The Group faces foreign exchange risk from its HKD and USD denominated deposits and borrowings, recording a net exchange gain of approximately HK$11 million in H1 2025, and currently has no hedging policy - The Group is exposed to foreign exchange risk as some deposits and bank borrowings are denominated in HKD and USD, resulting in a **net exchange gain of approximately HK$11 million** from financing activities in H1 2025[95](index=95&type=chunk) - The Group currently **does not have a foreign currency hedging policy** but management monitors the risk and will consider hedging if necessary[95](index=95&type=chunk) [Treasury Policy](index=42&type=section&id=Treasury%20Policy) For the six months ended June 30, 2025, the Group adopted a prudent financial management approach, focusing on careful capital and cash flow management to maintain a strong liquidity position - The Group adopts a prudent financial management approach, focusing on careful capital and cash flow management to maintain a **strong capital liquidity position**[96](index=96&type=chunk) [Pledge of Group's Assets](index=42&type=section&id=Pledge%20of%20Group's%20Assets) As of June 30, 2025, a 50% equity interest in Tianjin Clean Energy and pipeline network assets with a net book value of approximately HK$347,729 thousand were pledged as security for borrowings - As of June 30, 2025, a **50% equity interest** in Tianjin Clean Energy, valued at approximately HK$658,353 thousand, was pledged as security for other borrowings[97](index=97&type=chunk) - Pipeline network and equipment with a net book value of approximately **HK$347,729 thousand** were also pledged as collateral for other borrowings[97](index=97&type=chunk) Other Information [Dividend Policy](index=42&type=section&id=Dividend%20Policy) The Board approved and paid the final dividend for 2024 but did not declare an interim dividend for the first half of 2025 [Final Dividend](index=42&type=section&id=Final%20Dividend) The Board proposed a final dividend of HK$0.076 per ordinary share for 2024, totaling approximately HK$104,428 thousand, which was approved on May 9, 2025, and paid on June 10, 2025 - The 2024 final dividend of **HK$0.076 per ordinary share**, totaling approximately HK$104,428 thousand, was approved on May 9, 2025, and paid on June 10, 2025[98](index=98&type=chunk) [Interim Dividend](index=42&type=section&id=Interim%20Dividend) The Board of Directors did not declare an interim dividend for the first half of 2025 - The Board of Directors **did not declare** the payment of an interim dividend for the first half of 2025[99](index=99&type=chunk) [Contingent Liabilities](index=43&type=section&id=Contingent%20Liabilities) As of June 30, 2025, the Group had no significant contingent liabilities - As of June 30, 2025, the Group had **no significant contingent liabilities**[100](index=100&type=chunk) [Significant Investments](index=43&type=section&id=Significant%20Investments) For the six months ended June 30, 2025, the Company did not hold any significant investments - For the six months ended June 30, 2025, the Company **did not hold any significant investments**[101](index=101&type=chunk) [Significant Acquisitions and Disposals of Subsidiaries and Associates](index=43&type=section&id=Significant%20Acquisitions%20and%20Disposals%20of%20Subsidiaries%20and%20Associates) For the six months ended June 30, 2025, the Group did not conduct any significant acquisitions or disposals of subsidiaries and associates - For the six months ended June 30, 2025, the Group **did not conduct any significant acquisitions or disposals** of subsidiaries and associates[102](index=102&type=chunk) [Significant Events After the End of the Financial Period](index=43&type=section&id=Significant%20Events%20After%20the%20End%20of%20the%20Financial%20Period) As of the date of this results announcement, no significant events affecting the Group have occurred since the end of the financial period - As of the date of this results announcement, **no significant events** affecting the Group have occurred since the end of the financial period[103](index=103&type=chunk) [Future Plans for Significant Investments and Capital Assets](index=43&type=section&id=Future%20Plans%20for%20Significant%20Investments%20and%20Capital%20Assets) The Group currently has no future plans for significant investments or capital assets - The Group currently has **no future plans** for significant investments or capital assets[104](index=104&type=chunk) [Employees and Remuneration Policy](index=43&type=section&id=Employees%20and%20Remuneration%20Policy) As of June 30, 2025, the Group had 1,740 employees and is committed to providing competitive remuneration, a safe work environment, and training opportunities [Number of Employees](index=43&type=section&id=Number%20of%20Employees) As of June 30, 2025, the Group had a total of 1,740 employees, a slight decrease from the end of 2024 Number of Employees and Salaries | Indicator | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Number of employees | 1,740 | 1,746 | | Salaries and wages (H1) | HK$139 million | HK$121 million (H1 2024) | [Remuneration Policy](index=43&type=section&id=Remuneration%20Policy) The Group offers competitive remuneration packages based on market rates and employee performance, along with discretionary bonuses, training opportunities, and comprehensive benefits - The Group provides **competitive remuneration packages** determined by market rates, employee performance, qualifications, and experience, with discretionary bonuses[107](index=107&type=chunk) - The Group offers training opportunities and benefits including pension, unemployment, work-related injury, medical, and maternity insurance, as well as a housing provident fund[107](index=107&type=chunk) - The Company adopted a **share option scheme** on January 13, 2021, as an incentive and reward for directors, senior management, and eligible employees[107](index=107&type=chunk) [Corporate Governance](index=44&type=section&id=Corporate%20Governance) The Group has an Audit Committee and complies with the code of conduct for directors' securities transactions and the Corporate Governance Code [Audit Committee](index=44&type=section&id=Audit%20Committee) The Audit Committee, comprising four independent non-executive directors, has reviewed the Group's unaudited interim consolidated results - The Audit Committee consists of four independent non-executive directors, with the chairman Mr. Lau Siu Ki and Dr. Tang Lai Wah being qualified accountants[108](index=108&type=chunk) - The Audit Committee has **reviewed the Group's unaudited consolidated results** for the period and provided advice and comments on the interim report[108](index=108&type=chunk) [Code of Conduct for Directors' Securities Transactions](index=44&type=section&id=Code%20of%20Conduct%20for%20Directors'%20Securities%20Transactions) The Company has adopted a code of conduct for directors' securities transactions that is no less exacting than the Model Code in the Listing Rules, and all directors have confirmed compliance - The Company has adopted a code of conduct for directors' securities transactions with terms no less exacting than the Model Code in Appendix C3 of the Listing Rules, and all directors have confirmed compliance during the period[109](index=109&type=chunk) [Corporate Governance Code](index=44&type=section&id=Corporate%20Governance%20Code) The Company has complied with the applicable code provisions of the Corporate Governance Code in Appendix C1 of the Listing Rules throughout the period - The Company has **complied with the applicable code provisions** of the Corporate Governance Code in Appendix C1 of the Listing Rules throughout the period[110](index=110&type=chunk) [Purchase, Sale and Redemption of Listed Securities](index=45&type=section&id=Purchase%2C%20Sale%20and%20Redemption%20of%20Listed%20Securities) During the period, the Company repurchased 3,138,000 ordinary shares for approximately HK$3,417,520 and resolved to redeem 480,650 redeemable preference shares for HK$24,032,500 Details of Share Repurchases in H1 2025 | Month of Purchase | Number of Shares Repurchased (thousands) | Total Consideration Paid (HK$) | | :--- | :--- | :--- | | January | 816 | 918,080 | | March | 1,060 | 1,155,020 | | April | 806 | 875,820 | | May | 256 | 262,620 | | June | 200 | 205,980 | | **Total** | **3,138** | **3,417,520** | - The share repurchases were intended to **increase the net asset value per share and/or earnings per share** of the Company, and the repurchased shares are held as treasury shares[111](index=111&type=chunk) - The Board resolved to redeem **480,650 redeemable preference shares** from TEDA HK at HK$50 per share, for a total of HK$24,032,500, with the redemption amount yet to be paid[111](index=111&type=chunk) [Board of Directors](index=46&type=section&id=Board%20of%20Directors) As of the announcement date, the Board of Directors comprises three executive directors, three non-executive directors, and four independent non-executive directors - As of the announcement date, the Board consists of three executive directors (Zhang Wang, Wang Xin, Gao Liang), three non-executive directors (Zhang Changliang, Shen Hongliang, Xia Binhui), and four independent non-executive directors (Ip Shing Hing, Lau Siu Ki, Lo Man Yue, Tang Lai Wah)[113](index=113&type=chunk)

1.考虑及批准公司及其附属公司截至2025年6月30日止六个月的未经审核中期业绩及刊登该未经审核中 期业绩公告；及 2.考虑宣布及派发中期股息(如有)。 格隆汇8月12日丨滨海投资(02886.HK)宣布，公司将于2025年8月22日上午十时正假座香港铜锣湾勿地臣 街1号时代广场二座32楼3205-07室举行董事会会议，以便(其中包括)处理下列事项﹕ ...

承董事會命 濱海投資有限公司 高亮 執行董事 香港，二零二五年八月十二日 2886 董事會會議通告 Binhai Investment Company Limited濱海投資有限公司（「本公司」）董事會（「董事會」）謹此 宣佈，本公司將於二零二五年八月二十二日上午十時正假座香港銅鑼灣勿地臣街1號時代 廣場二座32樓3205-07室舉行董事會會議，以便（其中包括）處理下列事項﹕ 於本公告日期，董事會成員包括三名執行董事張旺先生、汪鑫先生及高亮先生，三名非 執行董事張長亮先生、申洪亮先生及夏濱輝先生，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。 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。 1. 考慮及批准本公司及其附屬公司截至二零二五年六月三十日止六個月之未經審核中 期業績及刊登該未經審核中期業績公告；及 2. 考慮宣佈及派發中期股息（如有）。 ...

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: 2025年7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: 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: 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 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02886 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,280,000,000 | HKD | | 0.1 HKD | | 228,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,280,000,000 | HKD | | 0.1 HKD | | 228,000,000 | | 2. 股份分類 | 優先 ...

心玮医疗-B(06609.HK)盈喜：预计中期净利润不少于4000万元 心玮医疗-B(06609.HK)发布公告，截至2025年6月30日止六个月("报告期间")，集团预期录得股东应占净 利润不少于人民币4000万元，较截至2024年6月30日止六个月("相应期间")录得的股东应占净亏损约人 民币510万元大幅转亏为盈。预期录得利润及业绩改善主要由于集团的业务增长，导致与相应期间相比 的收益增加及集团整体开支比率下降。 【重大事项】 瑞和数智(03680.HK)与一家独立第三方机构达成虚拟加密资产交易平台联合开发的合作框架协议 中基长寿科学(00767.HK)拟携手好柿多(深圳)共同合作长寿检测、长寿管理等业务 英诺赛科(02577.HK)与联合电子成立氮化镓技术联合实验室 利记(00637.HK)附属签署收地协议 宁波镇浦路三期项目补偿金逾1400万港元 滨海投资(02886.HK)与天津特检院签署战略合作框架协议 天利控股集团(00117.HK)：建议增加法定股本 谊砾控股(00076.HK)合作开发矿产品交易生态 支持"76码"代金券及稳定币支付 【今日焦点】 百奥家庭互动(02100.HK)盈喜：预期 ...