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: 2026年3月31日 狀態: 新提交 呈交日期: 2026年4月1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 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06885 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 535,421,000 | RMB | | | 1 RMB | | 535,421,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 535,421,000 | RMB | | | 1 RMB | | 535,421,000 | 本月底法定/註冊股本總額： RMB 535,421,000 FF301 第 1 頁 共 10 頁 v 1 ...

Financial Performance - Total revenue for the year ended December 31, 2025, was RMB 8,123.4 million, a decrease of 30.5% compared to RMB 11,598.5 million for the year ended December 31, 2024[3]. - The company reported a loss attributable to shareholders of RMB 527.4 million, compared to a loss of RMB 345.9 million in the previous year, representing a 52.4% increase in losses[5]. - Basic loss per share for the year was RMB 0.99, compared to RMB 0.65 in the previous year, indicating a worsening financial performance[6]. - Gross profit margin turned negative at -0.84% for 2025, down from a positive margin of 1.29% in 2024[5]. - Total comprehensive loss for the year was RMB 731.9 million, compared to RMB 469.5 million in 2024, reflecting a 55.8% increase in total losses[6]. - Operating cash flow for the year ended December 31, 2025, was RMB 359,368 thousand, a decrease of 61.9% from RMB 942,525 thousand in 2024[11]. - The company reported a net loss of RMB 527,391 thousand for the year ended December 31, 2025, compared to a net loss of RMB 345,890 thousand in the previous year, representing an increase in losses of approximately 52.5%[9]. - Total comprehensive income for the year ended December 31, 2025, was a loss of RMB 526,849 thousand, compared to a loss of RMB 340,614 thousand in 2024, indicating a deterioration of approximately 54.7%[9]. - The company reported a total loss before tax of RMB 678,819 thousand for the year ended December 31, 2025[96]. - The net loss before tax for the year ended December 31, 2025, was RMB (678,819,000), compared to RMB (538,813,000) for the year ended December 31, 2024, indicating an increase in losses of 26%[105]. Assets and Liabilities - Non-current assets decreased to RMB 7,619.5 million in 2025 from RMB 8,581.0 million in 2024, a decline of 11.2%[7]. - Current liabilities decreased to RMB 4,827.6 million in 2025 from RMB 5,650.2 million in 2024, a reduction of 14.5%[8]. - The company's total equity decreased to RMB 3,582.5 million in 2025 from RMB 4,337.3 million in 2024, a decline of 17.4%[8]. - The company’s total liabilities included a significant offset of RMB 1,616,497,000 against total revenue, indicating a focus on managing internal trade[91]. - The company’s total liabilities increased, with a notable rise in contract liabilities, which increased by RMB 46,527 thousand in 2025[11]. - The company’s total liabilities decreased to RMB 5,000,000,000 in 2025 from RMB 6,000,000,000 in 2024, reflecting a strategic focus on optimizing the capital structure[181]. Cash Flow and Financing - The company reported a financing cost of RMB 154.3 million, an increase from RMB 144.0 million in the previous year, indicating rising financial expenses[5]. - As of December 31, 2025, the net cash used in financing activities was RMB (868,012) thousand, an increase from RMB (633,446) thousand in the previous year[13]. - The company raised bank loans amounting to RMB 2,293,347 thousand in 2025, compared to RMB 1,943,112 thousand in 2024, indicating an 18% increase in financing through bank loans[13]. - Cash and cash equivalents decreased by RMB 259,778 thousand in 2025, a significant improvement compared to a decrease of RMB 413,890 thousand in 2024[13]. - The company paid interest of RMB (137,674) thousand in 2025, a decrease from RMB (161,118) thousand in 2024, representing a 14% reduction in interest expenses[13]. - The company received government subsidies related to assets amounting to RMB 30,619 thousand in 2025, compared to RMB 8,919 thousand in 2024, indicating a significant increase in support[12]. - The company has pledged assets totaling RMB 3,406,700,000 as collateral for financing as of December 31, 2025, compared to RMB 3,167,589,000 in 2024[176]. Inventory and Impairment - Inventory levels decreased significantly to RMB 280.8 million in 2025 from RMB 525.9 million in 2024, a reduction of 46.8%[7]. - The company recognized impairment losses on property, plant, and equipment and intangible assets amounting to RMB 507,914,000 for the year ended December 31, 2025, with no such losses reported in 2024[104]. - The carrying amount of inventory as of December 31, 2025, was RMB 280,810,000, down from RMB 525,940,000 in 2024, showing a decrease of approximately 46.8%[85]. - The company plans to continue evaluating its impairment assessments for property, plant, and equipment, which may affect future financial results[87]. Revenue Breakdown - Total revenue from customer contracts for the year ended December 31, 2025, was RMB 9,739,901,000, with a net revenue of RMB 8,123,404,000 after eliminations[90]. - The revenue breakdown included RMB 4,296,893,000 from coke, RMB 2,808,836,000 from derivative chemicals, and RMB 1,385,082,000 from energy products[90]. - The company reported a significant decrease in coke revenue from RMB 8,059,643,000 in 2024 to RMB 4,292,561,000 in 2025[91]. - The company recognized revenue of RMB 53,689,000 from performance obligations fulfilled during the year, down from RMB 117,226,000 in 2024, indicating a decline of 54.2%[167]. Employee Compensation - The total remuneration for the five highest-paid individuals in the group for the year ending December 31, 2025, was RMB 2,849 thousand, down from RMB 3,167 thousand in 2024[115]. - The total remuneration for executive directors for the year ending December 31, 2024, was RMB 623 thousand for Wang Mingzhong and RMB 393 thousand for Li Tianxi[111]. - The total remuneration for the board of directors and supervisors for the year ending December 31, 2025, was RMB 2,720 thousand[113]. - Total compensation for key management personnel increased to RMB 8,191,000 in 2025 from RMB 7,334,000 in 2024, representing an increase of 11.7%[180]. Tax and Deferred Tax - Deferred tax assets are recognized based on the expected taxable profits, which involve significant management judgment and assumptions that could impact future net profits[89]. - The total deferred tax assets as of December 31, 2025, are RMB 111,730,000, down from RMB 173,994,000 in 2024, indicating a decrease of approximately 35.8%[147]. - The company reported a deferred tax expense of RMB 41,453,000 for the year ended December 31, 2025, compared to a deferred tax benefit of RMB (79,976,000) in 2024[104]. Credit Risk and Management - The group’s credit risk concentration was significantly reduced, with the top five customers accounting for only 17% of trade receivables in 2025, down from 74% in 2024[191]. - The expected credit loss for trade receivables as of December 31, 2025, is RMB 210,581,000, compared to RMB 204,496,000 in 2024, indicating a slight increase[197]. - The group has no significant credit risk concentration in cash equivalents, term deposits, and restricted bank balances, as all deposits are held in reputable banks with high credit ratings[194]. - The group’s internal credit risk assessment includes categories such as low risk, watch list, and doubtful, with no evidence of credit impairment for trade receivables as of December 31, 2025[196]. Lease and Asset Management - The company applies short-term lease recognition exemption for office premises and employee dormitories with lease terms of 12 months or less without purchase options[32]. - Right-of-use assets are measured at cost less any accumulated depreciation and impairment losses, adjusted for any remeasurement of lease liabilities[33]. - Lease liabilities are initially measured at the present value of unpaid lease payments as of the lease commencement date[36]. - The carrying amount of right-of-use assets as of December 31, 2025, was RMB 405,956,000, down from RMB 417,375,000 in 2024[121].

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。 河南金馬能源股份有限公司 HENAN JINMA ENERGY COMPANY LIMITED （於中華人民共和國註冊成立的股份有限公司） （股份代號：6885） 盈利警告 及 內幕消息 本公告乃由河南金馬能源股份有限公司（「本公司」，及連同其附屬公司統稱為「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(2)(a)條 及內幕消息條文（定義見上市規則，即指香港法例第571章《證券及期貨條例》第 XIVA部）而作出。 本公司董事（「董事」）之董事會（「董事會」）謹此通知本公司股東（「股東」）及潛在 投資者，基於本集團截至2025年12月31日止年度的未經審核合併管理賬目（計入 下述資產評估減值）的初步審閱，截至2025年12月31日止年度，本公司擁有人應 佔年內業績「業績」）預計錄得約人民幣527百萬元虧損（2024年同期：業績約人民 幣346百萬元虧損）。 該估計業績減少 ...

河南金馬能源股份有限公司（「本公司」）謹此宣佈，本公司謹訂於2026年3月25日 （星期三）就（其中包括）下列事項舉行董事會（「董事會」）會議，以： 承董事會命 河南金馬能源股份有限公司 主席 饒朝暉 香港，2026年3月9日 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。 河南金馬能源股份有限公司 HENAN JINMA ENERGY COMPANY LIMITED （於中華人民共和國註冊成立的股份有限公司） （股票代號：6885） 董事會會議通告 截至本公告日期，本公司執行董事為徐華平先生及王利杰先生；本公司非執行董 事為饒朝暉先生、徐風雷先生、萬婷婷女士及葉婷女士；及本公司獨立非執行董 事為蘇鑒鋼先生、張希誠先生及文國樑先生。 1. 考慮及批准本公司及其附屬公司截至2025年12月31日止年度的經審核全年業 績，以及將分別刊登於香港聯合交易所有限公司及本公司網頁的經審核全年 業績公告； 2. 考慮及批准派發末期股息（如有）；及 3. 處理其他事項 ...

截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 河南金馬能源股份有限公司 呈交日期: 2026年3月2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 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06885 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 535,421,000 | RMB | | | 1 RMB | | 535,421,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 535,421,000 | RMB | | | 1 RMB | | 535,421,000 | 本月底法定/註冊股本總額： RMB 535,421,000 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 ...

Group 1: Company Performance - In the first half of 2025, the company's revenue was 3.829 billion yuan, a year-on-year decrease of 39.21% [1] - The loss attributable to the company's owners during the same period was 126 million yuan, which is a reduction compared to the previous year's loss [1] - The company's main business includes energy products such as coke and LNG, with performance significantly affected by fluctuations in raw material prices [1] Group 2: Production and Business Development - In the first half of 2025, the company produced approximately 1.58 million tons of coke and about 33,900 tons of LNG [1] - The hydrogen energy segment saw the addition of two hydrogen refueling stations, with hydrogen sales increasing by 224% year-on-year [1] Group 3: Stock Performance - Despite the company's losses, its stock price experienced significant volatility between January and February 2026, with a single-day increase of 9.68% on January 14, 2026, and a decrease of 4.42% on February 13, 2026, resulting in a daily fluctuation of 10.62% [2] - The coal sector, to which the company belongs, saw a decline of 2.32% on February 13, 2026, while the Hang Seng Index fell by 2.09% during the same period [2] Group 4: Technical Indicators - On February 13, 2026, the MACD indicator for the company showed a divergence value of -0.038, indicating a position in the negative range [3] - The Bollinger Bands' middle line was at 1.162 HKD, with the stock price close to the lower band at 1.01 HKD, reflecting weak short-term market sentiment [3]

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: 2026年1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: 河南金馬能源股份有限公司 呈交日期: 2026年2月2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 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06885 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 535,421,000 | RMB | | | 1 RMB | | 535,421,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 535,421,000 | RMB | | | 1 RMB | | 535,421,000 | 本月底法定/註冊股本總額： RMB ...

Core Viewpoint - The coal stocks in Hong Kong are experiencing significant activity, with notable price increases for companies like Jinma Energy and China Shenhua, driven by rising futures prices for coking coal and coke [1] Group 1: Market Activity - On January 8, coal stocks in Hong Kong were active, with Jinma Energy rising nearly 8% and China Shenhua increasing over 2%, marking a three-day upward trend [1] - Other companies such as South Gobi, Yancoal Australia, and Yanzhou Coal also saw price increases [1] Group 2: Price Trends and Market Analysis - Multiple contracts for coking coal and coke futures hit the daily limit up, indicating strong market demand [1] - Domestic coking enterprises have held market analysis meetings to stabilize prices and have ceased shipments in response to further price reductions [1] Group 3: Future Outlook - Analysts predict that coal stocks will face downward pressure due to falling coal prices starting in 2025, but the pessimistic outlook has significantly eased following the release of Document No. 108 [1] - The trend of reducing competition remains unchanged, with expectations for improved performance in Q4; if prices remain high, there is potential for earnings recovery in 2026 [1] - The decline in stock prices has enhanced dividend value, suggesting opportunities for low-cost acquisitions [1]

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12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: 河南金馬能源股份有限公司 呈交日期: 2026年1月2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 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06885 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 535,421,000 | RMB | | | 1 RMB | | 535,421,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 535,421,000 | RMB | | | 1 RMB | | 535,421,000 | 本月底法定/註冊股本總額： RMB ...

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。 河南金馬能源股份有限公司 HENAN JINMA ENERGY COMPANY LIMITED （於中華人民共和國註冊成立的股份有限公司） 茲提述本公司於2025年4月28日就本公司與信陽公司訂立之2025年框架協議所 作之公告，內容有關本集團於2025年4月28日至2025年12月31日向信陽集團採 購煤炭及銷售焦炭（以及副產品，即電力及硫酸）之事宜。 鑒於本集團與信陽集團擬探索替代合作模式，本公司與信陽公司於2025年4月 28日訂立2025年框架協議，有效期為2025年4月28日至2025年12月31日。根據 2025年框架協議，本集團須按信陽集團設定之產品規格加工煤炭以生產焦炭， 並向信陽集團出售上述焦炭（以及副產品，即電力及硫酸）。煤炭可由信陽集團 供應，且信陽集團可就加工煤炭以生產焦炭之事宜向本集團提供指導。 （股票代號：6885） 持續關連交易 背景 本公司及信陽公司分別持有信陽金港70% ...