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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 天源集團控股有限公司 II. 已發行股份及/或庫存股份變動 呈交日期: 2025年10月3日 | 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) | 06119 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 600,000,000 | | | | 600,000,000 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 600,000,000 | | 0 | | 600,000,000 | I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適 ...

2025 中期報告 INTERIM REPORT 2025 INTERIM REPORT 2025 中期報告 目 錄 | 公司資料 | 2 | | --- | --- | | 管理層討論與分析 | 4 | | 企業管治及其他資料 | 9 | | 中期簡明綜合全面收益表 | 13 | | 中期簡明綜合資產負債表 | 14 | | 中期簡明綜合權益變動表 | 16 | | 中期簡明綜合現金流量表 | 17 | | 中期簡明綜合財務資料附註 | 18 | 公司資料 董 事 執行董事 楊金明先生 （主 席 兼 行 政 總 裁） 董慧敏女士 蘇柏翰先生 非執行董事 楊帆先生 獨立非執行董事 彭漢忠先生 鄔錦雯教授 黃耀輝先生 註冊辦事處 Windward 3, Regatta Office Park P.O. Box 1350 Grand Cayman KY1-1108 Cayman Islands 總部及中國主要營業地點 中 國 廣東省茂名市 電白區電海街道 潘州大道與迎賓大道交叉口 學術交流中心12樓 香港主要營業地點 香 港 九龍灣 宏光道1號 億京中心B座 29樓C室 公司網站 www.tianyuangrou ...

2025 中期報告 INTERIM REPORT 2025 INTERIM REPORT 2025 中期報告 目 錄 | 公司資料 | 2 | | --- | --- | | 管理層討論與分析 | 4 | | 企業管治及其他資料 | 9 | | 中期簡明綜合全面收益表 | 13 | | 中期簡明綜合資產負債表 | 14 | | 中期簡明綜合權益變動表 | 16 | | 中期簡明綜合現金流量表 | 17 | | 中期簡明綜合財務資料附註 | 18 | 公司資料 董 事 執行董事 楊金明先生 （主 席 兼 行 政 總 裁） 董慧敏女士 蘇柏翰先生 非執行董事 楊帆先生 獨立非執行董事 彭漢忠先生 鄔錦雯教授 黃耀輝先生 註冊辦事處 Windward 3, Regatta Office Park P.O. Box 1350 Grand Cayman KY1-1108 Cayman Islands 總部及中國主要營業地點 中 國 廣東省茂名市 電白區電海街道 潘州大道與迎賓大道交叉口 學術交流中心12樓 香港主要營業地點 香 港 九龍灣 宏光道1號 億京中心B座 29樓C室 公司網站 www.tianyuangrou ...

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8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: 天源集團控股有限公司 呈交日期: 2025年9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) | 06119 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.01 | HKD | | 40,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.01 | HKD | | 40,000,000 | 本月底法定/註冊股本 ...

格隆汇8月28日丨天源集团(06119.HK)公告，截至2025年6月30日止6个月的收益同比减少约15.7%至约人 民币1.8亿元。公司拥有人应占溢利同比减少约60.0%至约人民币490万元。董事会不建议就截至2025年6 月30日止6个月派付中期股息(截至2024年6月30日止6个月：无)。 截至2025年6月30日止6个月，集团实现总货物吞吐量约1,302千吨，较去年同期约1,731千吨减少约429千 吨或约24.8%。总货物吞吐量减少主要是由于整体需求下降。相比去年同期，截至2025年6月30日止6个 月集团所录得的货物处理费平均售价维持稳定。所提供配套增值港口服务(包括提供油罐及粮仓的储存 服务以及铲车租赁)的规模与去年同期相若。于报告期内，集团提高其服务质量及加强与其主要客户的 关系。 ...

Group 1 - The company reported a revenue of 182 million, representing a year-on-year decrease of 15.74% [1] - Profit attributable to owners decreased to 4.943 million, down 60% compared to the previous year [1] - Earnings per share stood at 0.008 [1] Group 2 - The total cargo throughput for the six months ended June 30, 2025, was approximately 1,302 thousand tons, a decrease of about 429 thousand tons or approximately 24.8% from the same period last year [1] - The decline in total cargo throughput was primarily due to a decrease in overall demand [1]

智通财经APP讯，天源集团(06119)发布截至2025年6月30日止6个月中期业绩，该集团取得收益1.82亿 元，同比减少15.74%;公司拥有人应占溢利494.3万元，同比减少60%;每股盈利0.008元。 截至2025年6月30日止6个月，本集团实现总货物吞吐量约1302千吨，较去年同期约1731千吨减少约429 千吨或约24.8%。总货物吞吐量减少主要是由于整体需求下降。 ...

[Financial Summary](index=1&type=section&id=Financial%20Summary) This section provides a high-level overview of the company's key financial performance metrics for the six months ended June 30, 2025, showing significant declines in revenue and profit | Metric | For the six months ended June 30, 2025 (million RMB) | For the six months ended June 30, 2024 (million RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 181.5 | 215.4 | -15.7% | | Gross Profit | 15.4 | 25.0 | -38.5% | | Profit attributable to owners of the Company | 4.9 | 12.3 | -60.0% | - The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025 (for the six months ended June 30, 2024: nil)[2](index=2&type=chunk) [Interim Condensed Consolidated Financial Statements](index=2&type=section&id=Interim%20Condensed%20Consolidated%20Financial%20Statements) This section presents the unaudited interim financial statements, including the statement of comprehensive income and statement of financial position, for the period [Interim Condensed Consolidated Statement of Comprehensive Income](index=2&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) For the six months ended June 30, 2025, the company experienced significant declines in revenue and profit, with revenue decreasing by 15.7% to RMB181.5 million and profit attributable to owners falling by 60.0% to RMB4.9 million | Metric | For the six months ended June 30, 2025 (thousand RMB) | For the six months ended June 30, 2024 (thousand RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 181,510 | 215,413 | -15.7% | | Cost of sales | (166,137) | (190,427) | -12.7% | | Gross Profit | 15,373 | 24,986 | -38.5% | | Other income – net | 455 | 2,594 | -82.5% | | Selling and administrative expenses | (6,509) | (6,166) | +5.6% | | Operating profit | 9,319 | 21,414 | -56.4% | | Finance income/(costs) – net | 7 | (25) | N/A | | Profit before income tax | 9,326 | 21,389 | -56.4% | | Income tax expense | (3,146) | (5,855) | -46.3% | | Profit for the period | 6,180 | 15,534 | -60.3% | | Profit attributable to owners of the Company | 4,943 | 12,363 | -60.0% | | Basic earnings per share (RMB) | 0.008 | 0.021 | -61.9% | [Interim Condensed Consolidated Statement of Financial Position](index=3&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, total assets decreased to RMB374.3 million from RMB403.9 million at December 31, 2024, while total liabilities also decreased, maintaining a healthy financial structure with no interest-bearing borrowings | Metric | As of June 30, 2025 (thousand RMB) | As of December 31, 2024 (thousand RMB) | Change (%) | | :--- | :--- | :--- | :--- | | **Assets** | | | | | Non-current assets | 173,617 | 192,140 | -9.6% | | Current assets | 200,690 | 211,767 | -5.3% | | **Total assets** | **374,307** | **403,907** | **-7.4%** | | **Equity** | | | | | Equity attributable to owners of the Company | 294,032 | 314,518 | -6.5% | | Non-controlling interests | 54,414 | 53,177 | +2.3% | | **Total equity** | **348,446** | **367,695** | **-5.3%** | | **Liabilities** | | | | | Non-current liabilities | 391 | 2,381 | -83.6% | | Current liabilities | 25,470 | 33,831 | -24.7% | | **Total liabilities** | **25,861** | **36,212** | **-28.6%** | | **Total equity and liabilities** | **374,307** | **403,907** | **-7.4%** | [Notes](index=5&type=section&id=Notes) This section provides detailed explanations and disclosures supporting the interim condensed consolidated financial statements, covering accounting policies, segment information, and other financial details [1. General Information](index=5&type=section&id=1.%20General%20Information) Tianyuan Group Holdings Limited, incorporated in the Cayman Islands, primarily engages in bulk cargo handling, oil product supply and sales, and related port services in China, with its shares listed on the Hong Kong Stock Exchange in 2018 - The Company is incorporated in the Cayman Islands as an investment holding company, with its subsidiaries primarily engaged in bulk cargo handling services, supply and sale of oil products, and related ancillary value-added port services in China[8](index=8&type=chunk) - The Company's shares were listed on The Stock Exchange of Hong Kong Limited on June 1, 2018[9](index=9&type=chunk) [2. Basis of Preparation](index=5&type=section&id=2.%20Basis%20of%20Preparation) The interim financial information is prepared in accordance with HKAS 34 and should be read in conjunction with the annual financial statements for the year ended December 31, 2024, and remains unaudited - This interim financial information is prepared in accordance with Hong Kong Accounting Standard 34 "Interim Financial Reporting" issued by the Hong Kong Institute of Certified Public Accountants[10](index=10&type=chunk) - The interim financial information was approved for issue by the Board on August 28, 2025, but has not been audited[9](index=9&type=chunk) [3. Accounting Policies](index=5&type=section&id=3.%20Accounting%20Policies) The Group's accounting policies are consistent with the prior year, with new HKAS amendments adopted having no significant impact on financial position for past, current, or future periods - Save as described below, the accounting policies adopted are consistent with those applied in the annual financial statements for the year ended December 31, 2024[11](index=11&type=chunk) - The Group has adopted the following revised standards for the first time for the annual reporting period beginning on January 1, 2025: HKAS 1 (Amendments), HKFRS 16 (Amendments), etc[12](index=12&type=chunk) - The Group has not changed its accounting policies or made retrospective adjustments as a result of adopting the above revised standards, and they are not expected to have a significant impact on the current or future periods[13](index=13&type=chunk) [4. Segment Information and Revenue](index=7&type=section&id=4.%20Segment%20Information%20and%20Revenue) The Group operates in two segments: cargo handling and ancillary services, and sale of oil products, with all revenue and operating profit derived from China, both segments experiencing revenue declines in the first half of 2025 - The chief operating decision maker identifies two reportable segments: cargo handling and ancillary services (providing loading and unloading services and related value-added port services) and sale of oil products (supplying and selling oil products)[16](index=16&type=chunk) - All of the Group's revenue and operating profit are derived from China, and all operating assets are located in China[17](index=17&type=chunk) Segment Revenue and Gross Profit (thousand RMB) | Segment | H1 2025 Revenue | H1 2024 Revenue | H1 2025 Gross Profit | H1 2024 Gross Profit | | :--- | :--- | :--- | :--- | :--- | | Cargo handling and ancillary services | 26,917 | 36,012 | 9,037 | 17,297 | | Sale of oil products | 154,593 | 179,401 | 6,336 | 7,689 | | **Total** | **181,510** | **215,413** | **15,373** | **24,986** | Revenue by Type (thousand RMB) | Revenue Type | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Revenue from sale of goods | 154,593 | 179,401 | | Revenue from provision of loading and unloading services | 26,105 | 35,200 | | Rental income | 812 | 812 | | **Total** | **181,510** | **215,413** | Revenue from Major Customers (thousand RMB) | Customer | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Customer A | – | 134,544 | | Customer B | 86,612 | 44,857 | | Customer C | 67,981 | – | [5. Other Income – Net](index=10&type=section&id=5.%20Other%20Income%20–%20Net) Other income – net significantly decreased to RMB455 thousand for the six months ended June 30, 2025, primarily due to a substantial reduction in crude oil futures contract gains, with all futures investments closed at period-end | Metric | H1 2025 (thousand RMB) | H1 2024 (thousand RMB) | | :--- | :--- | :--- | | Net foreign exchange gains/(losses) | 98 | (3) | | Gains on crude oil futures contracts | 423 | 2,727 | | Others | (66) | (130) | | **Total** | **455** | **2,594** | - As of June 30, 2025, all futures investments were closed[22](index=22&type=chunk) [6. Finance Income/(Costs) – Net](index=11&type=section&id=6.%20Finance%20Income%2F(Costs)%20–%20Net) The Group recorded net finance income of RMB7 thousand for the period, primarily from bank deposit interest, contrasting with a net finance cost in the prior year | Metric | H1 2025 (thousand RMB) | H1 2024 (thousand RMB) | | :--- | :--- | :--- | | Finance costs – interest expense on lease liabilities | (46) | (33) | | Finance income – interest income from bank deposits | 53 | 8 | | **Finance income/(costs) – net** | **7** | **(25)** | [7. Income Tax Expense](index=11&type=section&id=7.%20Income%20Tax%20Expense) The Group is exempt from income tax in the Cayman Islands and BVI, with no taxable profit in Hong Kong, while mainland China operations are taxed at 25%, resulting in a 46.3% decrease in income tax expense due to lower taxable profit - The Company and its subsidiaries in the Cayman Islands and British Virgin Islands are exempt from income tax[24](index=24&type=chunk) - Income tax provision for the Group's operations in mainland China is calculated at the applicable tax rate of 25% on estimated taxable profit[24](index=24&type=chunk) | Metric | H1 2025 (thousand RMB) | H1 2024 (thousand RMB) | | :--- | :--- | :--- | | Current income tax: Enterprise income tax | 3,146 | 5,855 | | Deferred income tax: Enterprise income tax | – | – | | **Total** | **3,146** | **5,855** | [8. Earnings Per Share](index=12&type=section&id=8.%20Earnings%20Per%20Share) For the six months ended June 30, 2025, profit attributable to owners of the Company was RMB4.943 million, resulting in basic earnings per share of RMB0.008, a significant decrease from RMB0.021 in the prior year, with diluted EPS being the same as basic EPS due to no dilutive potential ordinary shares | Metric | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Profit attributable to owners of the Company (thousand RMB) | 4,943 | 12,363 | | Weighted average number of ordinary shares in issue (thousand shares) | 600,000 | 600,000 | | **Basic earnings per share (RMB)** | **0.008** | **0.021** | - The diluted earnings per share presented are the same as the basic earnings per share because there were no potential dilutive ordinary shares in issue for the six months ended June 30, 2025, and 2024[29](index=29&type=chunk) [9. Dividends](index=12&type=section&id=9.%20Dividends) The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025, consistent with the prior year - The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025 (for the six months ended June 30, 2024: nil)[30](index=30&type=chunk) [10. Trade and Other Receivables](index=13&type=section&id=10.%20Trade%20and%20Other%20Receivables) As of June 30, 2025, total trade and other receivables decreased to RMB29.082 million from RMB36.280 million at December 31, 2024, primarily due to a reduction in trade receivables, while recoverable VAT increased | Metric | As of June 30, 2025 (thousand RMB) | As of December 31, 2024 (thousand RMB) | | :--- | :--- | :--- | | Trade receivables – net | 6,037 | 15,576 | | Recoverable VAT | 20,921 | 17,905 | | Bills receivable – third parties | 1,659 | 2,484 | | Other receivables – third parties | 465 | 315 | | **Total** | **29,082** | **36,280** | - The credit period for trade receivables is generally within 30 to 180 days[31](index=31&type=chunk) [11. Trade and Other Payables and Accrued Expenses](index=14&type=section&id=11.%20Trade%20and%20Other%20Payables%20and%20Accrued%20Expenses) As of June 30, 2025, total trade and other payables and accrued expenses decreased to RMB8.278 million from RMB9.784 million at December 31, 2024, mainly due to reductions in accrued staff costs, other payables, and accrued expenses | Metric | As of June 30, 2025 (thousand RMB) | As of December 31, 2024 (thousand RMB) | | :--- | :--- | :--- | | Trade payables | 708 | 291 | | Accrued staff costs and benefits | 3,126 | 4,198 | | Other payables and accrued expenses | 2,170 | 2,899 | | Other tax payables | 2,274 | 2,396 | | **Total** | **8,278** | **9,784** | [12. Events After the Reporting Period](index=14&type=section&id=12.%20Events%20After%20the%20Reporting%20Period) No significant events affecting the Group have occurred from June 30, 2025, up to the date of this announcement - No significant events have occurred from June 30, 2025, up to the date of this announcement that would affect the Group[34](index=34&type=chunk) [Management Discussion and Analysis](index=15&type=section&id=Management%20Discussion%20and%20Analysis) This section provides an overview of the Group's operational and financial performance, liquidity, capital structure, and future outlook for the reporting period [Business Review](index=15&type=section&id=Business%20Review) During the period, the Group's total cargo throughput decreased by 24.8% due to lower overall demand, and oil product sales revenue also declined by 13.8%, while the Group successfully hedged price fluctuations through crude oil futures trading - For the six months ended June 30, 2025, the Group achieved a total cargo throughput of approximately **1,302 thousand tonnes**, a decrease of approximately **429 thousand tonnes or 24.8%** compared to approximately 1,731 thousand tonnes in the same period last year, primarily due to a decrease in overall demand[36](index=36&type=chunk) - For the six months ended June 30, 2025, the Group recorded revenue from oil product sales of approximately **RMB154.6 million**, a decrease of approximately **13.8%** compared to approximately RMB179.4 million in the same period last year, mainly due to a decrease in demand[39](index=39&type=chunk) - The Group engaged in certain crude oil futures transactions during the reporting period and recorded a profit from them, as a tool to mitigate the impact of crude oil price fluctuations on the oil product business[39](index=39&type=chunk) [Financial Review](index=16&type=section&id=Financial%20Review) Revenue decreased by 15.7% to RMB181.5 million, driven by lower cargo handling and oil product sales, leading to a reduced gross profit margin of 8.5% and a 60.0% decline in profit attributable to owners of the Company Revenue Composition and Change (thousand RMB) | Revenue Source | H1 2025 | H1 2024 | Change (thousand RMB) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Revenue from provision of loading and unloading services | 26,105 | 35,200 | (9,095) | (25.8) | | Revenue from sale of oil products | 154,593 | 179,401 | (24,808) | (13.8) | | Rental income | 812 | 812 | – | – | | **Total** | **181,510** | **215,413** | **(33,903)** | **(15.7)** | - The Group's overall gross profit decreased from approximately **RMB25.0 million** for the six months ended June 30, 2024, to approximately **RMB15.4 million** for the six months ended June 30, 2025[45](index=45&type=chunk) - The overall gross profit margin decreased from approximately **11.6%** for the six months ended June 30, 2024, to approximately **8.5%** for the six months ended June 30, 2025[45](index=45&type=chunk) - The decrease in profit attributable to owners of the Company was mainly due to the decrease in revenue and other income – net[50](index=50&type=chunk) [Liquidity and Financial Resources](index=18&type=section&id=Liquidity%20and%20Financial%20Resources) As of June 30, 2025, the Group maintained a healthy financial position with net current assets of approximately RMB175.2 million and no interest-bearing borrowings, resulting in a low gearing ratio of 0.3% - As of June 30, 2025, the Group recorded net current assets of approximately **RMB175.2 million**, compared to net current assets of approximately RMB177.9 million as of December 31, 2024[51](index=51&type=chunk) - As of June 30, 2025, the Group had no interest-bearing borrowings (as of December 31, 2024: nil)[52](index=52&type=chunk) - As of June 30, 2025, the gearing ratio was approximately **0.3%** (as of December 31, 2024: approximately 0.4%)[52](index=52&type=chunk) [Capital Structure](index=19&type=section&id=Capital%20Structure) The Group's capital structure primarily comprises equity attributable to owners of the Company, including issued share capital, share premium, and retained earnings - The Group's capital structure comprises equity attributable to owners of the Company, which mainly includes issued share capital, share premium, and retained earnings[54](index=54&type=chunk) [Material Investments, Major Acquisitions and Disposals of Subsidiaries, Associates and Joint Ventures](index=19&type=section&id=Material%20Investments%2C%20Major%20Acquisitions%20and%20Disposals%20of%20Subsidiaries%2C%20Associates%20and%20Joint%20Ventures) During the period, the company disposed of approximately 6.37% equity interest in Fudi Tianyuan Petrochemical Co., Ltd. for HK$19 million, recognizing an unaudited net gain of approximately RMB4.6 million, with no other significant investment activities - On March 18, 2025, the Company disposed of 19,130,441 shares (representing approximately **6.37%** of the total issued shares) of Fudi Tianyuan Petrochemical Co., Ltd. for a consideration of **HK$19,000,000**[55](index=55&type=chunk) - The Group recognized an unaudited net gain of approximately **RMB4.6 million** from the disposal, which has been included in other comprehensive income for the reporting period[55](index=55&type=chunk) [Pledges of Assets and Contingent Liabilities](index=19&type=section&id=Pledges%20of%20Assets%20and%20Contingent%20Liabilities) As of June 30, 2025, the Group had no pledged assets or significant contingent liabilities - As of June 30, 2025, the Group had no pledged assets (as of December 31, 2024: nil)[57](index=57&type=chunk) [Foreign Exchange Risk](index=19&type=section&id=Foreign%20Exchange%20Risk) The Group's transactions are primarily denominated in RMB, with foreign exchange risk mainly arising from bank balances, cash and cash equivalents, and other payables denominated in USD, SGD, and HKD, and no derivative financial instruments were used for hedging during the period - The Group's transactions are primarily conducted in RMB, the functional currency of the Group, and major receivables and payables are denominated in RMB[58](index=58&type=chunk) - The Group's foreign exchange risk primarily relates to certain bank balances, cash and cash equivalents, and other payables denominated in USD, SGD, and HKD[58](index=58&type=chunk) - During the reporting period, the Group did not use derivative financial instruments to hedge against fluctuations in foreign currency transactions and other financial assets and liabilities arising in the ordinary course of business[58](index=58&type=chunk) [Human Resources and Remuneration](index=20&type=section&id=Human%20Resources%20and%20Remuneration) As of June 30, 2025, the Group employed 204 staff, a decrease from 213 in the prior year, with total staff costs decreasing to RMB10.4 million due to fewer employees and reduced bonuses, and remuneration is determined based on market terms and individual performance - As of June 30, 2025, the Group employed **204 employees** (as of June 30, 2024: 213 employees)[59](index=59&type=chunk) - Total staff costs incurred for the six months ended June 30, 2025, were approximately **RMB10.4 million** (for the six months ended June 30, 2024: approximately RMB11.0 million), with the decrease mainly due to a reduction in the number of employees and bonuses compared to the same period last year[59](index=59&type=chunk) [Update on Application for State-owned Land Use Right Certificate](index=20&type=section&id=Update%20on%20Application%20for%20State-owned%20Land%20Use%20Right%20Certificate) Maoming Tianyuan Wharf Operation Co., Ltd. is still applying for a state-owned land use right certificate for a 2,589.3 square meter plot, with the approval process extended due to insufficient records, but it currently has no impact on business operations as the land is not used for wharf business - Maoming Tianyuan Wharf Operation Co., Ltd. is still applying for a state-owned land use right certificate for a plot of land with a site area of **2,589.3 square meters**[60](index=60&type=chunk) - The relevant authorities informed Tianyuan that the application is still awaiting approval, and due to insufficient records of this land held by the authorities, the processing time will take longer and remains uncertain[60](index=60&type=chunk) - As the Company has not used it for its wharf business, there is no impact on our business operations[60](index=60&type=chunk) [Interim Dividend](index=20&type=section&id=Interim%20Dividend) The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025, consistent with the prior year - The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025 (for the six months ended June 30, 2024: nil)[61](index=61&type=chunk) [Future Plans for Material Investments or Capital Assets](index=20&type=section&id=Future%20Plans%20for%20Material%20Investments%20or%20Capital%20Assets) As of June 30, 2025, the Group had no other significant plans for material investments or capital assets beyond those disclosed in this announcement - Save for the business plans disclosed in this announcement, there were no other significant plans for material investments or capital assets as of June 30, 2025[62](index=62&type=chunk) [Capital Commitments](index=20&type=section&id=Capital%20Commitments) As of June 30, 2025, the Group's capital commitments for the construction and acquisition of property, plant, and equipment remained at approximately RMB2.0 million, consistent with December 31, 2024 - As of June 30, 2025, the Group's capital commitments for the construction and acquisition of property, plant, and equipment amounted to approximately **RMB2.0 million** (as of December 31, 2024: approximately RMB2.0 million)[63](index=63&type=chunk) [Outlook and Prospects](index=21&type=section&id=Outlook%20and%20Prospects) The Group plans to strengthen its core businesses by optimizing cargo structure, enhancing cost control, and reinforcing customer relationships, while actively exploring new market opportunities for oil product sales and seeking diversified investment ventures - The Group will continue to consolidate and integrate its core businesses, enhancing efficiency and capabilities[64](index=64&type=chunk) - For cargo handling and ancillary services, plans involve optimizing cargo structure, strengthening cost control, and consolidating customer relationships[64](index=64&type=chunk) - For oil product sales, the strategy is to focus on market development and allocate more resources to expand this business[64](index=64&type=chunk) - The Group will also continue to actively seek new business and investment opportunities to enhance diversification[65](index=65&type=chunk) [Corporate Governance and Other Information](index=21&type=section&id=Corporate%20Governance%20and%20Other%20Information) This section details the Group's adherence to corporate governance principles, including compliance with listing rules, director conduct, and the role of the audit committee [Corporate Governance](index=21&type=section&id=Corporate%20Governance) The company generally complied with the Corporate Governance Code, with exceptions for the combined roles of Chairman and CEO and the absence of an independent internal audit function, though the Board believes existing mechanisms ensure balanced power and risk control, and an external review is planned - The Board believes that the Company has complied with the applicable code provisions of the Corporate Governance Code set out in Appendix C1 to the Listing Rules of the Stock Exchange, save for the non-segregation of the roles of Chairman and Chief Executive Officer, and the absence of an independent internal audit function[66](index=66&type=chunk)[67](index=67&type=chunk) - The Board believes that Mr. Yang Jinming serving concurrently as Chairman and Chief Executive Officer is in the best interests of the Company, and the Board has a sufficiently balanced distribution of power and authority[66](index=66&type=chunk) - The Company intends to appoint an external consultant in the second half of the year to conduct an internal review on the scope determined by the Audit Committee[67](index=67&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=22&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company%27s%20Listed%20Securities) Neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities during the six months ended June 30, 2025 - For the six months ended June 30, 2025, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities[68](index=68&type=chunk) [Standard Code for Securities Transactions by Directors](index=22&type=section&id=Standard%20Code%20for%20Securities%20Transactions%20by%20Directors) The Company adopted the Standard Code for Securities Transactions by Directors of Listed Issuers, and all directors confirmed full compliance during the reporting period - The Company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers as set out in Appendix C3 to the Listing Rules as its code of conduct for directors' securities transactions[69](index=69&type=chunk) - Following specific enquiries made to all Directors, each of them has confirmed full compliance with the Model Code for the six months ended June 30, 2025[69](index=69&type=chunk) [Significant Events After the Reporting Period](index=22&type=section&id=Significant%20Events%20After%20the%20Reporting%20Period) No significant events have occurred after June 30, 2025, up to the date of this announcement - No significant events have occurred after June 30, 2025, up to the date of this announcement[70](index=70&type=chunk) [Audit Committee and Review of Interim Results](index=22&type=section&id=Audit%20Committee%20and%20Review%20of%20Interim%20Results) The Audit Committee, comprising three independent non-executive directors, reviewed the unaudited interim results for the six months ended June 30, 2025, confirming compliance with applicable accounting standards and regulations, with no disagreements on accounting treatments - The Audit Committee, comprising three independent non-executive directors, has reviewed the Company's unaudited interim results for the six months ended June 30, 2025, and is of the opinion that the unaudited interim results have been prepared in compliance with applicable accounting standards and requirements[71](index=71&type=chunk) - The Audit Committee has no disagreement with the accounting treatments adopted by the Company[72](index=72&type=chunk) [Publication of Interim Results and Interim Report](index=23&type=section&id=Publication%20of%20Interim%20Results%20and%20Interim%20Report) This interim results announcement is published on the Company's and HKEX websites, and the 2025 interim report will be dispatched to shareholders and available online in due course - This interim results announcement will be published on the Company's website www.tianyuangroupholdings.com and the HKEX website www.hkexnews.hk[73](index=73&type=chunk) - The 2025 interim report will be dispatched to the Company's shareholders and will be available on the aforementioned websites in due course[73](index=73&type=chunk) [Acknowledgement](index=23&type=section&id=Acknowledgement) The Board expresses gratitude to the management, staff, shareholders, business partners, and other professionals for their support during the reporting period - The Board wishes to express its sincere gratitude for the efforts and dedication of the Group's management and all staff, and for the strong support from the Company's shareholders, business partners, and other professionals during the reporting period[74](index=74&type=chunk)

格隆汇8月18日丨天源集团(06119.HK)公告，董事会会议将于2025年8月28日(星期四)举行，以(其中包 括)审议及批准公司及其附属公司截至2025年6月30日止6个月的未经审计综合中期业绩及其刊发；审议 派付中期股息(如有)；及处理任何其他事宜(如有)。 相关事件 天源集团(06119.HK)拟8月28日举行董事会会议以审批中期业绩 武汉天源(301127.SZ)：控股股东天源集 团累计转让"天源转债"108万张 ...

Core Viewpoint - Tianyuan Group (06119.HK) expects a significant decrease in profit attributable to shareholders for the six months ending June 30, 2025, with an anticipated unaudited profit of approximately RMB 4.9 million, down about 60% from approximately RMB 12.3 million in the same period of 2024 [1] Summary by Relevant Categories Financial Performance - The unaudited profit for the upcoming period is projected to be around RMB 4.9 million, a decrease of approximately 60% compared to the previous year's figure of RMB 12.3 million [1] Revenue Drivers - The decline in profit is primarily attributed to a decrease in overall demand, which has led to reduced revenue during the period [1] - Additionally, other income has decreased mainly due to lower gains from crude oil futures contracts compared to the same period last year [1]