Financial Performance - For the year ending December 31, 2025, the company's revenue was approximately RMB 1,479.6 million, a decrease of 7.2% compared to 2024[2] - The net profit attributable to equity holders was approximately RMB 196.2 million, down 25.5% from 2024[2] - The operating profit for the year was RMB 424.5 million, down from RMB 524.9 million in 2024[3] - The basic and diluted earnings per share attributable to equity holders was RMB 0.19, compared to RMB 0.26 in 2024[4] - The company reported a total comprehensive income of RMB 196.4 million, down from RMB 265.0 million in 2024[4] - Total revenue for the year ended December 31, 2025, was RMB 1,479,552,000, a decrease from RMB 1,594,164,000 in 2024, representing a decline of approximately 7.2%[23] - The revenue from wastewater treatment was RMB 1,058,064,000, down from RMB 1,151,793,000 in the previous year, indicating a decrease of about 8.1%[23] - The total gross profit for the company was RMB 706,893,000, compared to RMB 706,893,000 in the previous year, showing no change[31] - The company reported a net profit of RMB 196,871,000 for the year, compared to RMB 236,202,000 in the previous year, indicating a decrease of approximately 16.6%[31] - The company's profit before tax decreased from RMB 314.4 million for the year ending December 31, 2024, to RMB 236.2 million for the year ending December 31, 2025, a decline of RMB 78.2 million or 24.9%[86] - Total comprehensive income decreased from RMB 265.0 million for the year ending December 31, 2024, to RMB 196.4 million for the year ending December 31, 2025, a decline of RMB 68.6 million or 25.9%[88] Assets and Liabilities - Total assets increased by 8.5% to RMB 13,435.9 million compared to RMB 12,384.0 million as of December 31, 2024[2] - Total equity rose by 3.7% to RMB 5,434.8 million from RMB 5,242.3 million as of December 31, 2024[2] - The company’s total liabilities increased to RMB 5,148.98 million from RMB 4,696.01 million in 2024[6] - Non-current assets totaled RMB 6,597.9 million, an increase from RMB 6,367.5 million in 2024[5] - The total assets of the company amounted to RMB 13,435,948,000, with total liabilities at RMB 8,001,106,000, resulting in a net asset position[32] - The company's total borrowings amounted to RMB 5,192.1 million, an increase of 13.1% from RMB 4,589.2 million in 2024[69] - The company's net asset liability ratio was 48.7% as of December 31, 2025[69] Cash Flow - Net cash used in operating activities for the year ending December 31, 2025, was RMB 524.2 million, a decrease of RMB 818.0 million compared to the previous year[92] - Net cash used in investing activities for the year ending December 31, 2025, was RMB 66.8 million, a decrease of RMB 142.5 million compared to the previous year[93] - Net cash generated from financing activities increased from a net outflow of RMB 532.8 million for the year ending December 31, 2024, to a net inflow of RMB 613.7 million for the year ending December 31, 2025[94] Operational Highlights - The total sewage treatment volume reached approximately 652.7 million cubic meters, with an average facility utilization rate of about 95.9%[63] - The company operates 34 sewage treatment plants, with a total daily sewage treatment capacity of 1.9 million cubic meters[64] - The total supply of reclaimed water during the reporting period was 94.1 million cubic meters, with 12 reclaimed water stations and 2 secondary pumping stations in operation[65] - The total supply of tap water during the reporting period was 7.545 million cubic meters, meeting the national drinking water quality standards[66] Strategic Initiatives - The company has maintained a stable development trend in the water industry, focusing on high-quality development and environmental protection goals as outlined in the 14th Five-Year Plan[54] - The wastewater treatment industry in China is transitioning towards upgrading existing facilities and enhancing operational efficiency, driven by high-quality development demands and supportive policies[55] - The company is committed to advancing its strategic initiatives in the water sector, emphasizing low-carbon, intelligent, and resource-efficient practices[54] - The strategic value of recycled water is increasingly recognized as a key solution to water resource shortages, with applications in agriculture, urban greening, and industrial cooling[58] Governance and Compliance - The company has adopted the corporate governance code as per the listing rules and has established a governance framework, ensuring compliance with all mandatory provisions except for B.2.2[146] - The audit committee has reviewed the financial statements for the year ending December 31, 2025, prepared in accordance with International Financial Reporting Standards[150] - The company does not recommend the distribution of a final dividend for the year ending December 31, 2025, considering its future plans and financial condition[152] Employee and Operational Management - As of December 31, 2025, the company had 1,073 full-time employees, with the majority located in Yunnan[126] - Employee benefits expenses for the year ended December 31, 2025, were approximately RMB 145.5 million, compared to RMB 171.6 million for the year ended December 31, 2024[128] Risks and Challenges - The company faces operational risks related to capital-intensive industry characteristics, water quality standards, and other force majeure events[67]

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。 (1) 董事會日期 昆 明 滇 池 水 務 股 份 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20日（星 期 五）舉 行 董 事 會 會 議，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 之 綜 合 年 度 業 績 及 其 發 佈，以 及 考 慮 建 議 派 付 末 期 股 息（如 有）。 (2) 內幕消息之更新 本 內 幕 消 息 之 更 新 乃 由 本 公 司 根 據《香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則》 第13.09條以及香港法例第571章《證 券 及 期 貨 條 例》第XIVA部項下之內幕消息 條文而刊發。 茲提述本公司日期分別為2025年12月2日及2026年1月27日的公告（「該等公告」）， ...

FF301 本月底法定/註冊股本總額： RMB 1,029,111,000 第 1 頁 共 11 頁 v 1.2.0 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 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03768 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 340,023,000 | RMB | | 1 | RMB | | 340,023,000 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 340,023,000 | RMB | | 1 | RMB | | 340,023,000 | | 2. 股份分類 | 普通股 | 股份類別 | 其他 ...

Core Viewpoint - Dianchi Waterworks (03768) anticipates a decrease in pre-tax profit for the year ending December 31, 2025, estimated between RMB 255.8 million and RMB 217.9 million, a reduction of RMB 58.6 million to RMB 96.5 million compared to the previous year [1] Financial Performance - The expected profit attributable to equity holders of the company for the same period is projected to be between RMB 212.3 million and RMB 180.8 million, down from approximately RMB 263.2 million for the year ending December 31, 2024, indicating a decrease of RMB 50.9 million to RMB 82.4 million [1] Reasons for Profit Decrease - The decline in profit is primarily attributed to the sale of a subsidiary in 2024, which will lead to a reduction in revenue for 2025, resulting in a year-on-year profit decrease [1] - An increase in expected credit impairment losses for 2025 is also anticipated [1] - Additionally, a reduction in engineering investments is expected to contribute to a year-on-year decline in profits from the engineering construction business [1]

Core Viewpoint - Dianchi Waterworks (03768) anticipates a decrease in pre-tax profit for the year ending December 31, 2025, estimated between RMB 255.8 million and RMB 217.9 million, compared to approximately RMB 314.4 million for the year ending December 31, 2024, indicating a reduction of RMB 58.6 million to RMB 96.5 million [1] Financial Performance - The profit attributable to equity holders of the company is expected to be between RMB 212.3 million and RMB 180.8 million for the year ending December 31, 2025, down from approximately RMB 263.2 million for the year ending December 31, 2024, reflecting a decrease of RMB 50.9 million to RMB 82.4 million [1] Reasons for Profit Decrease - The anticipated decline in profit is primarily due to the sale of a subsidiary in 2024, which will lead to a reduction in revenue scale for 2025, resulting in a year-on-year profit decrease [1] - An increase in expected credit impairment losses for the year 2025 is also contributing to the profit reduction [1] - A decrease in engineering investments is expected to lead to a year-on-year decline in profits from the engineering construction business [1]

昆明滇池水務股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3768） 盈利警告 本 公 告 乃 由 昆 明 滇 池 水 務 股 份 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」） 根 據《香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則》（「上市規則」）第13.09條及香港法例 第571章《證 券 及 期 貨 條 例》第XIVA部 之 內 幕 消 息 條 文（定 義 見 上 市 規 則）刊 發。 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。 Kunming Dianchi Water Treatment Co., Ltd. 本公司董事（「董 事」）會（「董事會」）謹 此 知 會 本 公 司 股 東（「股 東」）及 潛 在 投 資 者，根 據對本集團截至2025年12月31日止全年未經審核綜合管理賬目進行的初步審閱及 分 ...

Core Viewpoint - The company is facing legal issues, including property seizures and a decline in mid-year performance for 2025, which may impact its long-term market perception [1][2][3] Recent Events - On January 27, 2026, the company announced it was listed as an executed party in a legal lawsuit, resulting in the seizure of multiple properties in Kunming, including five buildings with one floor, ten buildings with one to two floors, and six buildings with one floor, which are set for judicial auction [2] - The court has ordered the company and related parties to vacate the properties by February 10, 2026, while the company maintains that its daily operations remain normal and will continue to monitor the situation and fulfill disclosure obligations [2] - As of February 12, 2026, the deadline for vacating the properties has passed, necessitating attention to the outcomes of the judicial auction and its potential impact on the company's assets and operations [2] Performance and Operational Situation - The company's mid-year report for 2025 indicates that revenue was 671 million yuan, a year-on-year decrease of 9.17%, while net profit attributable to shareholders was 132 million yuan, down 10.92% [3] - The gross profit margin has declined by 2.9 percentage points to 46.8%, suggesting a downward trend in performance that may affect market interest in the company [3]

FF301 備註： | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 內資股 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 689,088,000 RMB | | | 1 RMB | | 689,088,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 689,088,000 RMB | | | 1 RMB | | 689,088,000 | 呈交日期: 2026年2月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

Core Viewpoint - The company, Dianchi Water (03768), has been involved in legal proceedings and has been designated as a defendant, leading to the seizure of its properties by the Chenggong District People's Court [1] Group 1: Legal Proceedings - The Chenggong District People's Court has announced the seizure of the company's properties located in Kunming, specifically buildings 5, 10, and 6 [1] - The court has decided to auction these properties and has mandated the company and relevant rights holders to vacate the premises by February 10, 2026 [1] - Any objections or claims regarding rental rights must be submitted to the court within 15 days from the announcement date, or they will be considered invalid [1] Group 2: Operational Status - Despite the legal issues, the company's daily operations are reported to be running normally [1] - The company will continue to monitor the situation and fulfill its information disclosure obligations in accordance with legal regulations [1]

Core Viewpoint - The company, Dianchi Water (03768), has been involved in legal proceedings and has been designated as a party to be executed, leading to the seizure of its properties by the Chenggong District People's Court [1] Group 1: Legal Proceedings - The Chenggong District People's Court has announced the seizure of the company's properties located in Kunming, specifically buildings 5, 10, and 6, which are subject to judicial auction [1] - The court has mandated that the company and related rights holders vacate the aforementioned properties by February 10, 2026 [1] - Any objections or claims regarding rental rights must be submitted to the court within 15 days from the date of the court announcement, or they will be considered invalid [1] Group 2: Operational Status - Despite the legal issues, the company's daily operations are reported to be running normally [1] - The company will continue to monitor the situation and fulfill its information disclosure obligations in accordance with legal regulations [1]