Financial Performance - Revenue for the year ended December 31, 2025, decreased by 39.5% to RMB 218.7 million from RMB 361.3 million in 2024[3] - Total loss for the year ended December 31, 2025, reduced to RMB 70.4 million from a loss of RMB 293.3 million in 2024, a decrease in loss of RMB 222.9 million[4] - Net loss attributable to owners of the parent decreased to RMB 91.0 million from RMB 307.5 million in 2024, a reduction of RMB 216.5 million[4] - Basic and diluted loss per share for the year ended December 31, 2025, was RMB 0.69, reflecting the issuance of 24 million H-shares during 2025[4] - Net profit for the year was a loss of RMB 91.62 million, compared to a loss of RMB 308.59 million in the previous year, indicating an improvement in financial performance[8] - Basic and diluted earnings per share were both -0.69 yuan, an improvement from -2.44 yuan in the previous year[9] - Total profit improved from a loss of RMB 293.3 million in fiscal year 2024 to a loss of RMB 70.4 million in fiscal year 2025, mainly due to a significant reduction in asset impairment losses and effective cost control measures[64] Assets and Liabilities - Total assets as of December 31, 2025, amounted to RMB 1,258.1 million, down from RMB 1,371.6 million at the end of the previous year[5] - Total liabilities decreased to RMB 624.5 million from RMB 698.8 million in the previous year[6] - Shareholders' equity attributable to the parent company decreased to RMB 633.8 million from RMB 671.9 million[7] - As of December 31, 2025, the company had interest-bearing liabilities totaling RMB 380.28 million, with 27 frozen bank accounts and frozen funds of RMB 23.06 million[14] - The capital debt ratio decreased from 32.7% as of December 31, 2024, to 31.3% as of December 31, 2025, due to a reduction in both borrowings and total capital[72] Cash Flow and Financial Management - The company reported a net cash flow from operating activities of -RMB 9.17 million, indicating ongoing cash flow challenges[14] - Cash and cash equivalents increased to RMB 77.0 million from RMB 74.4 million in the previous year[5] - Cash and cash equivalents decreased from RMB 65.4 million as of December 31, 2024, to RMB 53.9 million as of December 31, 2025, primarily due to restrictions on cash usage from pending litigation[70] - The company has implemented measures to improve financial conditions, including issuing new shares for equity financing and focusing on cost reduction and efficiency improvements[14] Revenue Sources and Market Performance - The decline in revenue was primarily due to a slow recovery in the consumer market, with offline physical stores facing significant operational challenges, particularly a 66.9% drop in revenue from offline distributors[41] - Revenue from the 1966 product line was RMB 120.0 million, accounting for 54.9% of total revenue, but saw a decline of 47.3% compared to the previous fiscal year[44] - The company’s online sales revenue was RMB 55.2 million, down 30.3% year-on-year, while promotional and service expenses decreased by 59.8% to RMB 15.1 million[48] - Sales to distributors amounted to RMB 60.0 million, a significant decline of 66.86% compared to the previous fiscal year, reflecting the impact of weak end-consumer demand[47] - Large customer channels generated RMB 66.3 million in sales, representing a growth of 9.97% compared to the previous year[47] Cost Management and Operational Efficiency - Total operating costs decreased to RMB 104.21 million from RMB 161.79 million, reflecting a significant reduction in operating expenses[8] - The company implemented cost-cutting measures, resulting in a 35.6% reduction in operating costs and a 48.5% decrease in selling expenses in fiscal year 2025[40] - Management expenses for fiscal year 2025 were RMB 67.3 million, down RMB 10.5 million or 13.5% from RMB 77.8 million in fiscal year 2024, attributed to ongoing cost control and optimization of personnel structure[58] Strategic Initiatives and Future Outlook - The company is focusing on diversifying revenue channels to enhance cash flow and improve operational results[14] - Management believes that the gradual implementation of these measures will likely improve the company's financial status and operational results[15] - The company aims to leverage its unique tea culture heritage, with the "Pu'er Jingmai Mountain Ancient Tea Forest Cultural Landscape" listed as a UNESCO World Heritage site[39] - The strategic transformation includes focusing on specialized retail stores and a dual-brand operation to enhance consumer experience and brand reach[51] - The company is optimistic about the long-term growth of the Pu-erh tea and Chinese tea market, despite challenges such as market volatility and high costs[50] Compliance and Governance - The audit committee has been established in compliance with listing rules, consisting of three independent non-executive directors[92] - The financial statements have been prepared in accordance with Chinese accounting standards and fairly reflect the company's financial position as of December 31, 2025[95] - The independent auditor's report confirms that the financial statements do not contain any material misstatements[94] - The company is required to send the annual report to shareholders upon request and will publish it on the designated websites[97]

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。 PU'ER LANCANG ANCIENT TEA CO., LTD. 普洱瀾滄古茶股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 承董事會命 普洱瀾滄古茶股份有限公司 主席兼執行董事 杜春嶧女士 香港，二零二六年三月十八日 於本公告日期，本公司董事會由(i)執行董事杜春嶧女士、周信忠先生、石一景女士及付剛先 生；(ii)非執行董事劉佳杰先生；及(iii)獨立非執行董事黃琳女士、湯章亮先生及楊克泉博士組 成。 （股份代號：6911） 董事會會議召開日期 普洱瀾滄古茶股份有限公司（「本公司」，連同其附屬公司「本集團」）董事（「董事」）會（「董事 會」）茲通告謹定於二零二六年三月三十日（星期一）舉行董事會會議，藉以（其中包括）考慮及 通過本集團截至二零二五年十二月三十一日止年度之全年業績及其刊發，並考慮建議派發末期 股息（如有），以及處理其他事項。 ...

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。 PU'ER LANCANG ANCIENT TEA CO., LTD. 普洱瀾滄古茶股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6911） 盈利預告－預期虧損減少 本公告乃普洱瀾滄古茶股份有限公司（「本公司」，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條及證券及期貨條例（香港法例第571 章）第XIVA部項下的內幕消息條文（定義見上市規則）而作出。 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 團截至二零二五年十二月三十一日止年度（「二零二五年度」、「報告期」）的未經審核綜合管理 賬目的初步評估及董事會目前所得資料，預期本集團二零二五年度將錄得收入約人民幣205百 萬元至230百萬元，較截至二零二四年十二月三十一日止年度（「二零二四年度」）的收入人民幣 361.3百萬元減少 ...

FF301 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: 普洱瀾滄古茶股份有限公司 (於中華人民共和國註冊成立的股份有限公司) 呈交日期: 2026年3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 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06911 | 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 | | | 55,500,000 | RMB | | 1 RMB | | 55,500,000 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 55,500,000 | RMB | | 1 RMB | | 55,500,000 | | 2. 股份分 ...

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。 PU'ER LANCANG ANCIENT TEA CO., LTD. 普洱瀾滄古茶股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6911） 本集團部分銀行賬戶凍結最新進展 及本公司二零二五年年報關鍵審計範疇 本公告由普洱瀾滄古茶股份有限公司（「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（「聯交所」）《證券上市規則》（「上市規則」）第13.09條及《證券及期貨條例》（香 港法例第571章）第XIVA部項下的內幕消息條文（定義見上市規則）作出。 具體而言，鵬盛自二零二零年以來已承接多項與本公司擬進行的獨立調查及內部監控審閱相關 之項目。該等項目之詳情載列如下： | | 委聘項目 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 業務領域 | | 數量 | 客戶背景 | 項目性質 | 典型調查 ...

Group 1 - The core point of the article is that Lancang Ancient Tea has signed a working capital loan agreement with Agricultural Bank of China, securing a loan of 45.8 million yuan for three years, which will alleviate short-term liquidity pressure but raises concerns about the company's high debt structure [1] Group 2 - Recent stock performance of Lancang Ancient Tea shows stable prices but low liquidity, with the stock closing at 2.55 HKD on February 13, 2026, and a year-to-date increase of 33.51%, while the negative price-to-earnings ratio indicates profitability pressure [2] - Technical indicators suggest that the stock is in an overbought zone, with limited short-term volatility expected due to a narrowing Bollinger Band [2] Group 3 - Third-party analysis highlights challenges faced by Lancang Ancient Tea, including high inventory, channel contraction, and fluctuating brand strategy, recommending a focus on core products and channel optimization [3] - Although the company is attempting to alleviate cash flow issues through loans, long-term transformation will require monitoring improvements in end-user sales [3]

Core Viewpoint - The company, Lancang Ancient Tea (06911), has entered into a loan agreement with the Agricultural Bank of China, securing a loan of RMB 45.8 million for general working capital purposes [1] Group 1 - The loan agreement was signed on February 12, 2026, with the Agricultural Bank of China, Lancang Lahu Autonomous County Branch acting as the lender [1] - The total amount of the loan is RMB 45.8 million, which will be utilized for the company's operational liquidity needs [1]

Core Viewpoint - Lancang Ancient Tea (06911.HK) has entered into a working capital loan agreement with Agricultural Bank of China, providing a loan of RMB 45.8 million for general working capital purposes [1] Group 1 - The loan agreement was signed on February 12, 2026, with the Agricultural Bank of China, Lancang Lahu Autonomous County Branch acting as the lender [1] - The total amount of the loan is RMB 45.8 million, which will be utilized for the company's general working capital needs [1]

Group 1 - The company, 澜沧古茶, has entered into a working capital loan agreement with China Agricultural Bank, agreeing to borrow 45.8 million RMB [1] - The loan is intended for general working capital purposes [1] - The agreement was signed on February 12, 2026, indicating a future financial arrangement [1]

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。 PU'ER LANCANG ANCIENT TEA CO., LTD. 普洱瀾滄古茶股份有限公司 於中華人民共和國註冊成立的股份有限公司 ） （股份代號：6911） 自願性公告 訂立流動資金借款合同 此乃普洱瀾滄古茶股份有限公司（「本公司」，連同其附屬公司統稱為「本集團」）作出之自願性公 告。 利息 ： 根據每一周期約定的貸款市場報價利率(LPR)加或減一定點差確定，並按 周期浮動，點差在貸款期限內保持不變，按月結息 抵押 ： 抵押人普洱瀾滄古茶人合有限責任公司（本公司全資附屬公司）以雲(2020) 普洱市不動產權第0000566號、雲(2020)普洱市不動產權第0000564號、雲 (2020)普洱市不動產權第0000565號、雲(2020)普洱市不動產權第0000562 號、雲(2020)普洱市不動產權第0000561號、雲(2020)普洱市不動產權第 0000559號、雲(2020)普洱市不動產權 ...