Core Insights - The company reported an unaudited interim performance for the six months ending June 30, 2025, with revenue of 754 million RMB, representing a year-on-year increase of 14.65% [1] - Shareholders' profit attributable to the company was 58.979 million RMB, reflecting an 18.66% year-on-year increase [1] - Basic earnings per share were 0.05 RMB, and the company proposed an interim dividend of 0.10 HKD per share [1]

Group 1 - The company, Jinmaoyuan Environmental Protection (06805), reported an unaudited interim performance for the six months ending June 30, 2025, with revenue of 754 million RMB, representing a year-on-year increase of 14.65% [1] - Shareholders' profit attributable to the company was 58.979 million RMB, an increase of 18.66% year-on-year [1] - The basic earnings per share were 0.05 RMB, and the company proposed an interim dividend of 0.10 HKD per share [1]

Financial Performance - Revenue for the six months ended June 30, 2025, was RMB 753,980,000, representing a 14.6% increase from RMB 657,625,000 in the same period of 2024[3] - Operating profit for the same period was RMB 144,266,000, up from RMB 136,705,000, indicating a growth of 5.4%[3] - Net profit attributable to equity shareholders was RMB 58,979,000, compared to RMB 49,706,000 in 2024, reflecting a 18.6% increase[3] - Basic and diluted earnings per share increased to RMB 0.05 from RMB 0.04, marking a 25% growth[3] - The total comprehensive income for the period was RMB 56,864,000, up from RMB 38,669,000 in the previous year, indicating an increase of 47.0%[5] - Adjusted EBITDA for the same period was RMB 316,526,000, compared to RMB 300,088,000 in 2024, reflecting a year-over-year increase of about 5.5%[18] - The total reported segment profit for the six months ended June 30, 2025, was RMB 316,526,000, up from RMB 300,088,000 in 2024, indicating a growth of approximately 5.5%[18] - For the six months ended June 30, 2025, the company reported a net profit attributable to ordinary shareholders of RMB 58,979,000, compared to RMB 49,706,000 for the same period in 2024, reflecting an increase of approximately 18.5%[26] Assets and Liabilities - Total assets as of June 30, 2025, were RMB 5,557,226,000, an increase from RMB 5,222,749,000 at the end of 2024[3] - Total equity decreased to RMB 1,288,089,000 from RMB 1,375,091,000, indicating a decline of 6.3%[3] - The company’s total liabilities decreased from RMB 1,517,925,000 to RMB 1,466,212,000, a reduction of 3.4%[7] - The net asset value of the company was RMB 4,091,014,000 as of June 30, 2025, compared to RMB 3,704,824,000 at the end of 2024, showing an increase of 10.4%[7] - The company’s total equity attributable to shareholders was RMB 1,058,323,000, compared to RMB 1,149,748,000 in the previous year, indicating a decrease of 7.9%[7] - The company’s cash and cash equivalents increased to RMB 350,433,000 from RMB 219,405,000, representing a growth of 59.7%[6] - The company had a total of RMB 206,893,000 in trade receivables after deducting impairment provisions as of June 30, 2025, compared to RMB 272,560,000 as of December 31, 2024[33] Revenue Segmentation - The revenue from the wastewater treatment and public utility segment was RMB 272,438,000, up from RMB 237,436,000 year-over-year, indicating a growth of about 14.7%[15] - The sales of goods and related services segment generated revenue of RMB 683,104,000, compared to RMB 588,144,000 in the previous year, reflecting an increase of approximately 16.1%[15] - Revenue from external customers for the six months ended June 30, 2025, was RMB 753,980,000, an increase from RMB 657,625,000 in 2024, representing a growth of approximately 14.6%[17] - The total segment revenue for the six months ended June 30, 2025, was RMB 783,793,000, compared to RMB 680,470,000 in 2024, reflecting an increase of approximately 15.2%[17] Costs and Expenses - The cost of goods sold increased to RMB 287,782,000 from RMB 221,802,000, reflecting a rise of 29.7%[4] - Employee costs, including director remuneration, totaled RMB 85,821,000 for the six months ended June 30, 2025, compared to RMB 78,053,000 in 2024, marking an increase of approximately 10%[22] - The financing costs for the six months ended June 30, 2025, were RMB 55,969,000, down from RMB 70,737,000 in 2024, representing a decrease of about 20.9%[21] - The company reported a total depreciation and amortization expense of RMB 150,604,000 for the six months ended June 30, 2025, compared to RMB 147,268,000 in 2024, which is an increase of about 2.5%[18] Market and Growth Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[4] - The company anticipates continued structural opportunities in the market, driven by further implementation of growth stabilization policies and improvements in the global liquidity environment[47] - The company expects to face challenges from overseas economic downturn risks and domestic industrial transformation in the second half of the year[47] - The company plans to continue enhancing its revenue through increased investment in infrastructure and manufacturing upgrades[48] Corporate Governance - The board of directors consists of five executive directors and three independent non-executive directors, ensuring a balanced power structure to protect the interests of the company and its shareholders[101] - The audit committee, composed of three independent non-executive directors, has reviewed the interim financial results, which were also audited by an external auditor[104] - The company has adhered to the corporate governance code, with the roles of chairman and CEO held by the same individual to enhance operational efficiency[100] Employee and Management Changes - As of June 30, 2025, the group had 1,063 full-time employees, with employee costs (including director remuneration) amounting to RMB 85.8 million, a 10% increase from RMB 78.1 million for the six months ended June 30, 2024[97] - On May 28, 2025, Tianjin Jinhua Recycling Co., Ltd. agreed to purchase the permanent use rights of a factory for RMB 49,068,000 from Tianjin Hongyue Environmental Technology Co., Ltd.[94] - As of July 11, 2025, Mr. Huang Qiyang resigned as CEO, and Mr. Zhang Lianghong, the chairman and executive director, took over the role[99] Dividend and Shareholder Information - The company declared an interim dividend of HKD 0.10 per share for the six months ended June 30, 2025, compared to no dividend for the same period in 2024[41] - The interim dividend payment is expected to be made on or around September 30, 2025[105] - The remaining unpaid dividend as of June 30, 2024, is RMB 100,514,000, recognized as "dividends payable"[45]

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。 承董事会命 金茂源環保控股有限公司 主席 張梁洪 香港，2025年8月12日 於本公告日期，董事會包括執行董事張梁洪先生（主席兼行政總裁）、黃啟洋先生、李 健明先生、黃少波先生及張嘉峻先生以及獨立非執行董事李曉岩先生、劉達先生及龐愛 蘭女士，銅紫荊星章，太平紳士。 （於開曼群島註冊成立的有限公司） (股份代號: 6805) 董事會會議日期 金茂源環保控股有限公司(「本公司」)董事會(「董事會」)謹此宣佈，本公司將於2025 年8月22日（星期五）舉行董事會會議，以考慮及批准本公司及其附屬公司截至2025年6 月30日止六個月之中期業績及其刊發、並考慮派發中期股息（如有）的建議及其他事項。 Kimou Environmental Holding Limited 金茂源環保控股有限公司 ...

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: 金茂源環保控股有限公司 呈交日期: 2025年8月1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) | 06805 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,680,000,000 | HKD | | 0.1 | HKD | | 168,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 1,680,000,000 | HKD | | 0.1 | HKD | | 168,000,000 | 本月底法定/註冊股本總額： HKD ...

Group 1 - The stock price of Jinmaoyuan Environmental Protection (06805.HK) closed at HKD 1.890 on June 6, reflecting a 4.42% increase from the previous trading day, with an intraday high of HKD 1.980, marking a nearly one-year high [1] - On the same day, the net capital inflow was HKD 23.28 million, with a total of HKD 35.382 million flowing in and HKD 12.104 million flowing out [1] Group 2 - Jinmaoyuan Environmental Protection Holdings Limited is a major operator of surface treatment circular economy industrial parks in China, focusing on wastewater treatment and park management since its establishment in 2005 [2] - The company has established five large-scale surface treatment circular economy industrial parks across various regions in China, covering a total planned area of approximately 3.38 million square meters and a wastewater treatment capacity of about 102,000 tons per day [2] - The parks have nearly 300 surface treatment enterprises and utilize advanced technologies for wastewater treatment, achieving over 60% wastewater recycling and meeting discharge standards for the remainder [2] - The company collaborates with prestigious universities and research institutions to develop advanced wastewater treatment technologies and has received numerous awards and recognitions in the industry [2] - Jinmaoyuan aims to continue its green, low-carbon, and circular development strategy, leveraging broader capital markets for strategic expansion and contributing to high-quality economic development and environmental protection in China [2]

Core Viewpoint - The company has entered into significant transactions involving the repurchase and sale of property, which are expected to impact its financial performance positively [1] Group 1: Transactions Overview - The company’s non-wholly owned subsidiary, Tianjin Jinhua Du, signed a factory repurchase contract with Tianjin Hongyue for the permanent usage rights of Factory 802 in Tianjin Binhai Port Area at a cost of 49.068 million yuan (including tax) [1] - Concurrently, Tianjin Jinhua Du also signed a factory sale contract with Tianjin Hongyue, selling the factory and land usage rights for a total of 57.788 million yuan [1] Group 2: Financial Impact - The transactions constitute a discloseable transaction for the company and must comply with the listing rules regarding declaration and announcement [1] - Upon completion of the transactions, the group is expected to record an unaudited net income of approximately 2 million yuan, with proceeds intended for ongoing business development and general operating funds [1]

Group 1 - The core viewpoint of the news highlights the performance of Jinmaoyuan Environmental Protection, which has shown significant growth in stock price and financial metrics, outperforming the Hang Seng Index [1][2] - Jinmaoyuan Environmental Protection's stock price increased by 6.92% to HKD 1.7, with a monthly increase of 27.2% and a year-to-date increase of 24.22%, surpassing the Hang Seng Index's growth by 18.78% [1] - Financial data for Jinmaoyuan Environmental Protection shows total revenue of CNY 1.394 billion, a year-on-year increase of 18.3%, and a net profit attributable to shareholders of CNY 123 million, up 34.49% [1][3] Group 2 - The company operates as a major surface treatment circular economy industrial park operator in China, focusing on wastewater treatment and park management [3] - Jinmaoyuan Environmental Protection has established five large-scale surface treatment circular economy industrial parks across various regions in China, with a total planned area of approximately 3.38 million square meters and a wastewater treatment capacity of about 102,000 tons per day [3] - The company employs advanced technologies for wastewater treatment, achieving over 60% wastewater recycling and ensuring compliance with discharge standards [3]

Financial Performance - The company reported revenue of RMB 1,394.1 million for the fiscal year ending December 31, 2024, an increase of RMB 215.7 million or 18.3% compared to RMB 1,178.4 million in 2023[8]. - Profit attributable to equity shareholders was RMB 122.6 million, up RMB 31.4 million or 34.5% from RMB 91.2 million in 2023[13]. - The total revenue for the year was approximately RMB 1,394.1 million, an increase of 18.3% compared to the same period in 2023, driven by growth across all three business segments[27]. - Operating profit increased by approximately RMB 50.8 million or 20.0% to about RMB 305.0 million, with an operating margin rising from 21.6% to 21.9%[43]. - Profit before tax increased by approximately RMB 48.8 million to about RMB 166.1 million, attributed to the factors mentioned above[45]. - Income tax expenses rose by approximately RMB 24.3 million to about RMB 59.5 million, mainly due to increased taxable income[46]. - Other income increased by approximately RMB 7.8 million or 36.3% to about RMB 29.3 million, mainly driven by higher interest income and government subsidies[42]. Revenue Drivers - The increase in revenue was primarily driven by higher rental and facility usage income due to increased leased area, as well as growth in wastewater treatment and utility revenues[8]. - Wastewater treatment fees rose by approximately RMB 51.1 million or 21.4% to about RMB 290.4 million, mainly due to increased freshwater usage by tenants in the Guangdong Huizhou and Central China parks[31]. - Steam fees increased by approximately RMB 17.6 million or 15.0% to about RMB 135.4 million, attributed to higher steam consumption by tenants in the Guangdong Huizhou and Central China parks[32]. - The sales of consumables generated revenue of approximately RMB 373.9 million, an increase of approximately RMB 115.2 million or 44.5%, driven by increased tenant demand and higher sales of precious metal products[34]. Operational Highlights - The company operates five strategically located surface treatment circular economy industrial parks in Guangdong, Tianjin, Hubei, Sichuan, and Jiangsu, benefiting from convenient transportation networks[14]. - Total leasable area as of December 31, 2024, is approximately 1,182,000 square meters, with an overall occupancy rate of 84.1%[15]. - The average daily wastewater treatment capacity reached 27,500 tons, with an average daily treatment volume of 11,647 tons, resulting in an annual utilization rate of 42.4%[18]. - The Guangdong Huizhou park has a daily maximum wastewater treatment capacity of 10,000 tons, with an average daily treatment volume of 7,909 tons and a utilization rate of 79.1%[19]. - The average daily wastewater treatment capacity utilization in the Tianjin Binhai park increased to 35.0%, reflecting a slight improvement from the previous year[19]. Strategic Focus - The company plans to focus on "mature parks, new parks, and diversification" as its three main business pillars for future growth[9]. - The company aims to enhance its core competitiveness and promote high-quality development in line with China's 14th Five-Year Plan[9]. - The company aims to transform into a comprehensive wastewater treatment service provider, focusing on improving treatment efficiency and reuse rates[20]. - Future developments will focus on green, intelligent, and high-end electroplating industry parks, utilizing advanced clean production technologies[23]. - The company is exploring hazardous solid waste management to achieve green, low-carbon, and circular development, which is expected to enhance revenue and shareholder returns[23]. Environmental Commitment - The company emphasizes its commitment to environmental protection and sustainable development in the surface treatment industry[9]. - The company is actively monitoring compliance with environmental, safety, and health laws in China, which may require significant upgrades to wastewater treatment technologies[92]. - The group is committed to environmental sustainability and has not found any non-compliance with relevant laws and regulations in its operations[105]. Corporate Governance - The board consists of eight directors, including five executive directors and three independent non-executive directors, with key management personnel having extensive experience in the industry[65]. - The roles of the chairman and CEO are clearly separated, with Zhang Lianghong as chairman and Huang Qiyang as CEO since January 1, 2024[180]. - The company has implemented good corporate governance policies and measures to protect shareholder interests and enhance corporate value[175]. - The audit committee, composed entirely of non-executive directors, includes at least three members, with a majority being independent non-executive directors[193]. - The company has established a mechanism for the board to obtain independent opinions and advice, ensuring the board has independent elements to improve efficiency[191]. Employee and Management Information - The group employed 1,030 full-time employees as of December 31, 2024, up from 901 in the previous year, with employee costs amounting to approximately RMB 168.6 million, a 20.8% increase from RMB 139.6 million[57]. - The remuneration committee consists of three members, including two independent non-executive directors and one executive director, ensuring a majority of independent members[195]. - The company has implemented an employee stock option plan since June 18, 2019, to reward eligible directors and employees[155]. Future Outlook - The company provided guidance for the next quarter, expecting revenue to be between $A million and $B million, indicating a growth rate of C%[72]. - New product launches are anticipated to contribute an additional $D million in revenue, with a focus on expanding into the E market[74]. - Market expansion efforts include entering the F region, projected to increase market share by G% over the next two years[78]. - The company is considering strategic acquisitions to enhance its portfolio, with potential targets identified in the G sector[80]. Shareholder Information - The board proposed a final dividend of HKD 0.15 per share, equivalent to approximately RMB 0.139[8]. - The company reported a proposed final dividend of HKD 0.15 per share, amounting to approximately HKD 166.16 million (equivalent to about RMB 153.87 million) based on 1,107,750,000 shares issued as of December 31, 2024[99]. - The controlling shareholder, Jinchang Investment Co., Ltd., held 46.09% of the issued shares as of December 31, 2024, with no pledging of shares reported during the year[121]. Risk Management - The group faces interest rate risk primarily from floating-rate bank loans, which are closely monitored by management[61]. - Credit risk is considered low due to the nature of counterparties being banks and financial institutions, limiting exposure to trade receivables[62]. - The company is exploring various funding sources, including equity financing and convertible bonds, to support its strategic expansion and financial stability[93].

Financial Performance - Revenue for the year ended December 31, 2024, was RMB 1,394,084, an increase of 18.3% from RMB 1,178,414 for the year ended December 31, 2023[2] - Operating profit for the year was RMB 305,045, representing a growth of 20% compared to RMB 254,265 in the previous year[3] - Net profit attributable to equity shareholders was RMB 122,611, up 34.5% from RMB 91,167 in the prior year[3] - Basic and diluted earnings per share increased to RMB 0.11 from RMB 0.08, reflecting a 37.5% rise[3] - The company’s total comprehensive income for the year was RMB 106,529, compared to RMB 82,092 in the previous year, reflecting a growth of 29.8%[5] - The adjusted EBITDA for the group was RMB 595,472,000 in 2024, compared to RMB 544,807,000 in 2023, indicating an increase of 9.3%[27] - The profit attributable to equity shareholders was approximately RMB 122.6 million, representing a growth of about 34.5% from RMB 91.2 million in 2023[61] Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 5,222,749, compared to RMB 4,934,102 as of December 31, 2023, indicating a growth of 5.9%[3] - Total assets increased to RMB 4,469,290 thousand in 2024 from RMB 4,111,352 thousand in 2023, representing a growth of approximately 8.7%[7] - Current liabilities decreased to RMB 1,517,925 thousand in 2024 from RMB 1,760,055 thousand in 2023, reflecting a reduction of approximately 13.8%[8] - Total liabilities increased to RMB 2,329,733 thousand in 2024 from RMB 1,931,472 thousand in 2023, indicating a growth of approximately 20.6%[8] - The company's total non-current liabilities rose to RMB 2,210,861 thousand in 2024 from RMB 1,811,757 thousand in 2023, reflecting an increase of about 22.0%[8] - As of December 31, 2024, the group's net current liabilities were approximately RMB 764.5 million, down from RMB 937.3 million as of December 31, 2023[98] Cash Flow and Dividends - The company declared a final dividend of HKD 0.15 per share, equivalent to approximately RMB 0.139, compared to HKD 0.10 per share in the previous year[2] - The company declared a dividend of RMB 6,000,000 for the year ended December 31, 2024, compared to RMB 900,000 in 2023, indicating a significant increase[39] - The total expected revenue from existing contracts as of December 31, 2024, is RMB 974,843,000, down from RMB 1,016,216,000 in 2023, representing a decrease of approximately 4.1%[28] Revenue Breakdown - Revenue from external customers in the leasing and facility usage segment was RMB 461,837,000 in 2024, compared to RMB 440,914,000 in 2023, reflecting a growth of 4.5%[26] - The wastewater treatment and public utility segment generated RMB 525,480,000 in revenue for 2024, an increase from RMB 443,290,000 in 2023, marking a rise of 18.6%[26] - The sales of goods and bundled services segment saw revenue increase to RMB 406,767,000 in 2024 from RMB 294,210,000 in 2023, which is a significant growth of 38.2%[26] - The group’s reportable segments include leasing and facility usage, wastewater treatment and public utilities, and sales of goods and bundled services[23] Expenses and Costs - Operating costs rose by approximately RMB 175.1 million or 18.6% to about RMB 1,116.1 million, reflecting higher expenses across various categories[83] - Employee costs increased by 20.8% to approximately RMB 168.6 million, driven by the need to hire more employees for business development[86] - The cost of goods sold for the year ended December 31, 2024, was RMB 343,242,000, compared to RMB 242,590,000 in 2023, indicating an increase of about 41.6%[38] - Other expenses rose by approximately RMB 30.1 million or 22.1% to about RMB 166.5 million, attributed to increased professional consulting fees and advertising expenses[90] Financial Position and Ratios - The asset-liability ratio was approximately 223.7% as of December 31, 2024, slightly up from 221.4% in 2023[100] - The adjusted net debt-to-equity ratio increased to 2.05 in 2024 from 1.96 in 2023[102] - The total interest-bearing loans amounted to RMB 3,075.7 million as of December 31, 2024, compared to RMB 2,750.7 million in the previous year[99] Operational Highlights - The group operates five strategically located industrial parks in Guangdong, Tianjin, Hubei, Sichuan, and Jiangsu, benefiting from convenient transportation networks[62] - The total rental area of the five surface treatment circular economy industrial parks was approximately 1,182,000 square meters as of December 31, 2024, compared to 1,178,000 square meters in 2023[63] - The overall rental rate for the industrial parks was 84.1% in 2024, up from 82.3% in 2023[63] - The group utilized 4,206,000 tons of fresh water in 2024, compared to 3,521,000 tons in 2023[65] Research and Development - The group holds 173 registered patents and has 63 patents currently under application as of December 31, 2024, indicating a strong focus on R&D[69] - The company’s research and development expenses for the year ended December 31, 2024, were RMB 14,458,000, compared to RMB 13,918,000 in 2023, marking an increase of about 3.9%[38] Corporate Governance - The company has adhered to the corporate governance code applicable for the year[117] - All directors confirmed compliance with the trading standards under the listing rules for the fiscal year[118] - The new auditor, Hong Kong Lixin Dehao CPA Limited, will take over from BDO Limited effective November 20, 2024[121]