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10月31日 狀態: 新提交 本月底法定/註冊股本總額： HKD 100,000,000 第 1 頁 共 10 頁 v 1.1.1 FF301 致：香港交易及結算所有限公司 公司名稱: 中裕能源控股有限公司 呈交日期: 2025年11月3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) | 03633 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1 ...

Core Viewpoint - Zhongyu Energy (03633) has issued a warning regarding fraudulent platforms impersonating the company, urging investors and the public to remain vigilant [1] Group 1: Fraudulent Platforms - The company has identified a fraudulent website (https://web.zhongyugas26.com) and an application (ID: 651180521) that are using the company's information without authorization [1] - The company clarifies that it has no association with these fraudulent platforms and has never authorized any entity or individual to raise funds or solicit investments in its name [1] Group 2: Official Communication Channels - The official channels for the company to release information are limited to its official website, official WeChat account, and the Hong Kong Stock Exchange's disclosure website [1] - The company does not engage in fundraising or investment solicitation through social media platforms, telemarketing, or third-party platforms [1] - The company encourages investors and the public to obtain information about the group through its official channels [1]

Core Viewpoint - Zhongyu Energy (03633) has issued a warning regarding fraudulent platforms that are impersonating the company and soliciting investments without authorization [1] Group 1: Fraudulent Platforms - The company has identified websites and an application named "智享企联" that are using its information without permission [1] - These fraudulent platforms are utilizing the company's logo and images from group activities to mislead the public [1] - Zhongyu Energy clarifies that it has no association with these fraudulent platforms and has never authorized any entity to raise funds or solicit investments in its name [1] Group 2: Official Communication Channels - The company emphasizes that its official channels for information dissemination are limited to its official website, official WeChat account, and the Hong Kong Stock Exchange's disclosure platform [1] - It explicitly states that it does not engage in fundraising or investment solicitation through social media, telemarketing, or third-party platforms [1] - Investors and the public are urged to remain vigilant and obtain information solely from the company's official channels [1]

關於欺詐平台的警告 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佈的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈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。 截至本公佈日期，本公司已向香港警務處及中國內地相關執法機關舉報欺詐平台。本公 司保留其對欺詐平台負責人提起法律訴訟的權利。 任何人士如已因欺詐平台蒙受損失，應立即向當地執法機關作出舉報。 中裕能源控股有限公司（「本公司」，連同其附屬公司，「本集團」）董事會（「董事會」）注意 到，域名為https://web.zhongyugas26.com或「m.ubqxy.cn」的網站及名為「智享企聯」的應用 程式內ID為651180521的賬戶（統稱為「欺詐平台」），在未經許可的情況下使用本集團部分 資訊（包括但不限於本公司的標誌及本集團活動的圖片），並冒充本公司。本公司謹此提 醒投資者及公眾警惕欺詐平台。 本公司謹此澄清，本公司與欺詐平台並無關聯，亦從未授權任何機構或個人以「中裕能 源」的名義透過線上平台進行募資或招攬投資。 本集團發佈資訊的官方渠道僅限於其官方網站、官方微信公眾號及香港聯合交易 ...

Market Overview - Recent reactions to China's rare earth measures have led to significant declines in global stock markets, with major Asian markets dropping sharply, particularly in Japan and Taiwan, which fell over 1% [1] - In the U.S., regional banks Zions Bancorp and Western Alliance Bancorp reported losses due to fraudulent commercial mortgage investments, causing their stock prices to plummet by 13% and 11% respectively, triggering widespread panic in the banking sector [1] - The fear index VIX has risen above 25 for the first time in five months, indicating increased market anxiety [1] Commodity Insights - Gold prices have surged past $4,300, with a total market capitalization exceeding $30 trillion, leading to strong performances in gold jewelry stocks such as Chow Tai Fook and Lao Poo Gold, which rose over 5% and 3% respectively [2] - In contrast, oil prices have declined significantly, with WTI crude oil falling to $56.99 per barrel, a drop of 2.3%, attributed to decreased consumption and increased production from OPEC and the U.S. [3] Sector Focus - The logistics sector is being prioritized for cost reduction and efficiency improvements, with a focus on building a modern logistics system that integrates digital infrastructure and supports small and micro enterprises [6] - Companies like Jitu Express and SF Express are highlighted as key players in the logistics market [7] Company Developments - Xiansheng Pharmaceutical Group has completed the first patient dosing in a Phase I clinical trial for its innovative cancer drug SIM0505 in the U.S., which targets advanced solid tumors [8] - The company reported a 15.1% year-on-year revenue growth to 3.585 billion yuan, driven by its innovative drug business, which accounted for 77.4% of total revenue [9] - The company has multiple innovative drugs in the pipeline, with significant potential for future growth, including two new drug applications expected to be submitted within the next 1-2 years [9]

Market Overview - The Hang Seng Index fell by 1.61%, down 415 points, closing at 25,472 points, while the Hang Seng Tech Index dropped by 2.81%. The early trading volume in the Hong Kong market was HKD 153.2 billion [1] Energy Sector - Gas stocks rose, with Zhongyu Energy (03633) increasing by over 10%. This surge is attributed to the early initiation of winter heating in Gansu and other regions due to continuous temperature drops, leading to increased natural gas demand [1] Biotechnology Sector - Newly listed stock Xuan Zhu Bio-B (02575) surged over 13%, reaching a new high, and is up more than 190% from its IPO price. Yimai Sunshine (02522) rose over 4% following the global launch of its medical imaging model product AIR. The performance of medical stocks varied, with Yaojie Ankang-B (02617.HK) up over 21%, Baize Medical (02609) up over 5%, while Kangfang Biotech (09926) fell by 2%. Kangning Jereh Pharma-B (09966) increased by over 13% after announcing a share buyback plan, with market attention on significant data from the ESMO conference [2] Precious Metals Sector - Laopu Gold (06181) rose over 4%, benefiting from increased channel expansion and upgrades, with institutions indicating that rising gold prices favor its high-end brand positioning [3] Hospitality Sector - Wanda Hotel Development (00169) increased by over 10% after completing a sale and announcing a special dividend of HKD 0.462 per share to be paid next month [4] Digital Assets Sector - Delin Holdings (01709) rose over 3% after entering a strategic cooperation agreement with Antalpha to promote business in the digital asset sector [5] Telecommunications Sector - Changfei Optical Fiber and Cable (06869) fell over 6%, having dropped 40% from its September peak due to declining fiber optic prices and shareholder sell-offs. Cryptocurrency-related stocks collectively declined, with Bitcoin experiencing significant volatility and a recent incident in the US stablecoin market. Mi Strategy (02440) fell by 4.36%, and OSL Group (00863) dropped by 3.99% [6] Semiconductor Sector - Chip stocks continued to decline, with SMIC (00981) down over 5% and Huahong (01347) down over 3%, as US export controls accelerate domestic semiconductor replacements [6]

Financial Performance - Revenue for the six months ended June 30, 2025, was HKD 6,575,509, a decrease of 9.4% compared to HKD 7,255,090 in 2024[3] - Profit attributable to owners of the company increased by 2.7% to HKD 245,510 from HKD 239,077 year-on-year[3] - Basic earnings per share rose by 3.7% to HKD 8.89 compared to HKD 8.57 in the previous year[7] - Total comprehensive income for the period was HKD 373,463, compared to HKD 106,121 in the previous year[7] - The company reported a profit for the period of HKD 245,510,000, compared to HKD 239,077,000 in the previous period, reflecting a growth of 2.0%[10] - The net profit attributable to the company's owners was HKD 245,510,000, an increase of 2.7% from HKD 239,077,000 in the previous year[90] - The net profit margin for the six months ended June 30, 2025, was 3.7%, up from 3.3% in 2024[91] - The basic and diluted earnings per share were both HKD 0.0889, compared to HKD 0.0857 in the same period last year[92] Revenue Breakdown - Gas sales revenue was HKD 5,619,687,000, down from HKD 5,860,550,000, representing a decline of 4.1%[17] - The total gas sales volume for wholesale customers decreased by 51.5% for pipeline gas, while LNG sales volume increased by 100.7%[63] - Revenue from gas pipeline construction decreased by 34.5% to HKD 380,049,000, accounting for 5.8% of total revenue[77] - Revenue from residential gas pipeline construction decreased by 37.4% to HKD 319,804,000, with a drop in completed connections from 171,112 to 105,560[79] - Smart energy revenue decreased by 39.4% to HKD 332,361,000, representing 5.0% of total revenue[81] - Value-added services revenue decreased by 10.7% to HKD 151,416,000, maintaining a 2.3% share of total revenue[82] - Revenue from compressed/liquefied natural gas vehicle refueling stations decreased by 4.2% to HKD 91,996,000, with gas sales to vehicles increasing by 6.2%[83] Asset and Equity Changes - Total assets less current liabilities amounted to HKD 15,073,792, down from HKD 16,546,930[9] - Total equity increased to HKD 8,611,136 from HKD 8,380,971 year-on-year[9] - The company’s total assets as of June 30, 2025, were HKD 8,611,136,000, compared to HKD 8,743,062,000 as of June 30, 2024[10] - The company’s non-controlling interests increased to HKD 996,313,000 as of June 30, 2025, from HKD 992,114,000 at the beginning of the year[10] Cash Flow and Liabilities - The net cash used in operating activities was HKD (252,896,000), compared to HKD 317,004,000 generated in the same period last year[12] - The cash and cash equivalents decreased by HKD 990,403,000, from HKD 1,650,857,000 at the beginning of the period to HKD 656,928,000 at the end[12] - Investment activities used net cash of HKD (500,985,000), slightly improved from HKD (593,836,000) in the prior year[12] - The net current liabilities of the group as of June 30, 2025, were HKD 4,914,452,000, an increase attributed mainly to the rise in borrowings due within one year[41] - The group's current ratio as of June 30, 2025, was approximately 0.6, down from 0.7 as of December 31, 2024[41] - Total borrowings and lease liabilities increased by HKD 379,462,000 or 2.9% to HKD 13,303,738,000 as of June 30, 2025[41] - The net debt of the group as of June 30, 2025, was HKD 12,646,810,000, up from HKD 11,273,419,000 as of December 31, 2024[42] - The net debt-to-equity ratio as of June 30, 2025, was approximately 1.47, compared to 1.35 as of December 31, 2024[42] Operational Highlights - Natural gas sales volume decreased by 2.9% to 1,688,073 thousand cubic meters from 1,738,419 thousand cubic meters[3] - Liquefied natural gas wholesale customer sales volume surged by 100.7% to 357,900 thousand cubic meters from 178,291 thousand cubic meters[3] - New pipeline gas connections for industrial and commercial customers increased by 30.6% to 1,757 from 1,345[3] - Cumulative integrated energy project count rose by 21.3% to 262 from 216[3] - The company operates 74 gas distribution projects in China as of June 30, 2025[60] - The total population that can be connected to the gas network increased by 2.8% to 25,939,000 as of June 30, 2025[62] - The number of residential users that can be connected rose by 2.9% to 7,411,000 as of June 30, 2025[62] - The cumulative number of connected residential gas customers reached 5,297,310, reflecting a 3.7% increase year-on-year[62] Future Plans and Strategies - The company plans to continue expanding its gas pipeline construction and smart energy services in the Chinese market[17] - The company plans to focus on urban gas business and expand its smart energy services while optimizing financing costs and enhancing operational stability in the second half of 2025[95] - The company aims to enhance its digital systems and integrate AI technology to improve decision-making efficiency and management effectiveness[97] Shareholder Information - As of June 30, 2025, the total number of issued shares of the company is 2,748,305,157 shares[100] - Mr. Wang Wenliang holds 800,225,206 shares, representing a beneficial interest of 29.12%[98] - China Gas Holdings Limited owns 1,030,402,000 shares, accounting for 37.49% of the total shares[102] - The company repurchased a total of 29,390,000 shares at a total cost of HKD 126,103,560[107] - The highest repurchase price per share was HKD 4.56, while the lowest was HKD 3.95[107] - The company aims to enhance its net asset value per share and earnings per share through share repurchases[107] Governance and Compliance - The company has complied with all applicable corporate governance codes during the review period[104] - The audit committee reviewed the accounting principles and financial reporting matters without any disagreements[106] - The board of directors includes executive directors Wang Wenliang (Chairman), Yao Zhisheng (Vice Chairman), and others[108] - The report date is August 22, 2025[109]

Summary of Key Points Core Viewpoint - As of September 25, a total of 99 stocks reached their 52-week highs, indicating a strong performance in the market, with notable leaders including 精技集团, 辰林教育, and 荣丰集团亚洲, which achieved high rates of increase in their stock prices [1]. Group 1: Stocks Reaching 52-Week Highs - 精技集团 (03302) achieved a closing price of 0.495 with a peak of 0.580, marking a 132.00% increase [1]. - 辰林教育 (01593) closed at 1.490, reaching a high of 3.000, reflecting a 61.29% increase [1]. - 荣丰集团亚洲 (08526) had a closing price of 0.200 and a peak of 0.210, resulting in a 59.09% increase [1]. - 中国集成控股 (01027) reached a closing price of 2.120 with a high of 2.250, showing a 50.00% increase [1]. - 中国光大控股 (00165) closed at 12.790, peaking at 13.240, which is a 26.46% increase [1]. Group 2: Additional Stocks with Significant Increases - K2 F&B (02108) closed at 0.260 with a peak of 0.320, indicating a 25.49% increase [1]. - 中国文旅农业 (00542) reached a closing price of 0.180 and a high of 0.186, marking a 24.00% increase [1]. - 新宇环保 (00436) had a closing price of 0.097 and a peak of 0.098, resulting in a 16.67% increase [1]. - 中国有色矿业 (01258) closed at 13.430 with a peak of 15.680, reflecting a 16.15% increase [1]. - JBB BUILDERS (01903) reached a closing price of 1.420 and a high of 2.020, showing a 16.09% increase [1]. Group 3: Stocks with Lower Increases - 国际精密 (00929) closed at 1.070 with a peak of 1.110, indicating a 15.63% increase [1]. - 极智嘉－Ｗ (02590) had a closing price of 28.680 and a peak of 29.820, resulting in a 13.04% increase [1]. - 德利机械 (02102) closed at 0.246 with a peak of 0.255, marking an 11.84% increase [1]. - 江苏宏信 (02625) reached a closing price of 4.710 and a high of 4.790, reflecting a 10.62% increase [1]. - 博尼控股 (01906) closed at 0.560, remaining stable with a 9.80% increase [1].

Group 1 - China Gas Holdings Limited reduced its stake in Zhongyu Energy (03633) by 18.45 million shares at a price of HKD 4.3223 per share, totaling approximately HKD 79.7464 million [1] - After the reduction, China Gas Holdings Limited holds approximately 974 million shares, representing a holding percentage of 35.42% [1]

Group 1 - China Gas Holdings Limited reduced its stake in Zhongyu Energy (03633) by 18.45 million shares at a price of HKD 4.3223 per share, totaling approximately HKD 79.7464 million [1] - After the reduction, China Gas Holdings Limited holds approximately 974 million shares, representing a new ownership percentage of 35.42% [1]