Financial Performance - The company's revenue for the year ended December 31, 2025, was RMB 591,908,000, representing an increase of 18.6% compared to RMB 498,972,000 in 2024[4] - Gross profit for the same period was RMB 89,934,000, up 58.0% from RMB 56,917,000 in the previous year[4] - The operating profit for 2025 was RMB 183,620,000, a significant recovery from an operating loss of RMB 137,496,000 in 2024[4] - Net profit for the year was RMB 159,581,000, compared to RMB 66,194,000 in 2024, marking an increase of 141.5%[4] - The total comprehensive income for the year was RMB 304,713,000, up from RMB 143,855,000 in 2024, reflecting a growth of 111.4%[5] - The basic and diluted earnings per share for 2025 were RMB 11.0, compared to RMB 6.1 in 2024, an increase of 80.3%[5] - The company reported a net profit of RMB 165,990,000 for 2025, up from RMB 92,919,000 in 2024, marking an increase of approximately 78.6%[53] Assets and Liabilities - The company's total assets as of December 31, 2025, were RMB 5,552,677,000, slightly up from RMB 5,495,410,000 in 2024[6] - Non-current assets increased to RMB 5,104,188,000 from RMB 4,414,864,000, indicating a growth of 15.6%[6] - The company's equity attributable to owners increased to RMB 4,024,044,000 from RMB 3,700,893,000, representing a growth of 8.7%[7] - As of December 31, 2025, the group's current liabilities exceed its current assets by approximately RMB 608.7 million[17] - The group has approximately RMB 686.9 million in current bank and other loans, with cash and cash equivalents of only about RMB 123.9 million[17] - The current ratio decreased to 0.42 from 1.04 in 2024, indicating a decline in short-term liquidity[97] - The debt-to-equity ratio decreased to 21.2% from 25.1% in 2024, reflecting a reduction in bank and other loans during the year[97] Impairment and Receivables - The company reported a significant recovery in trade and other receivables, with a net reversal of impairment losses amounting to RMB 229,126,000 in 2025, compared to a loss of RMB 77,294,000 in 2024[4] - Trade receivables decreased from RMB 169,623,000 in 2024 to RMB 126,504,000 in 2025, a reduction of approximately 25.4%[55] - The aging analysis of trade receivables shows that amounts less than 3 months decreased from RMB 118,720,000 in 2024 to RMB 108,175,000 in 2025, a decline of about 8.7%[56] Revenue Segmentation - Revenue from metal products increased to RMB 350.028 million in 2025, compared to RMB 319.389 million in 2024[36] - Revenue from the tourism development business reached approximately RMB 155.7 million for the year ending December 31, 2025, a 36.1% increase from RMB 114.4 million in 2024[78] - Revenue from the LED devices segment was approximately RMB 68.8 million, representing a year-on-year growth of 22.4% from RMB 56.2 million[83] - Revenue from external customers for 2025 reached RMB 591,908,000, an increase from RMB 498,972,000 in 2024, representing a growth of approximately 18.6%[46] Financial Management and Governance - The group has violated certain financial covenants related to bank loans totaling approximately RMB 144.5 million, which may require immediate repayment[17] - The board believes that the group will have sufficient working capital to meet its obligations during the forecast period, considering ongoing negotiations with banks to extend loan repayment terms[18] - The company did not recommend a final dividend for the year ending December 31, 2025, consistent with the previous year[54] - The board confirmed compliance with all corporate governance code provisions as per GEM Listing Rules for the year ending December 31, 2025[100] - An audit committee has been established in accordance with GEM Listing Rules, consisting of three independent non-executive directors, responsible for overseeing financial reporting and risk management[101] Strategic Investments and Acquisitions - The company established a joint venture in China with a registered capital of RMB 100,000,000, where the company will hold a 49% stake, aimed at expanding its investment in tourism projects[60] - Guangdong Liuming entered into a conditional equity transfer agreement to acquire 70% of Beijing Qingniao Vocational Education Technology Development Co., Ltd. for RMB 13,054,150[76] - The acquisition of Qingniao Vocational Education is seen as a strategic opportunity to diversify the company's business into vocational education, addressing the high demand for such services in China[76] - The company has acquired 100% ownership of Shanghai Shengjin Venture Capital for RMB 130,472,000, focusing on high-growth sectors such as new materials and energy conservation[69] Challenges and Future Outlook - The company anticipates challenges in the external operating environment for 2026 due to ongoing inflationary pressures and geopolitical uncertainties[77] - The company plans to maintain a cautious approach in evaluating potential investment opportunities, focusing on a balanced and diversified investment portfolio[77] - The group is actively negotiating with other lenders regarding the renewal of several loans due within twelve months[17] - The company will continue to monitor and control costs while implementing measures to enhance productivity and operational efficiency[77] Miscellaneous - An independent forensic investigation is underway regarding a case of embezzlement involving a subsidiary's cashier, which has been reported to the local police[21] - The misappropriated funds amounted to RMB 27.127 million, with RMB 822,000 returned by the cashier[23] - The misappropriated funds of RMB 20.867 million led to significant prior year errors, requiring restatement of the financial statements[25] - The restated operating loss increased to RMB 137.496 million from the previously reported RMB 116.629 million[28] - The total comprehensive income for the year was restated to RMB 143.855 million, down from RMB 164.722 million[32] - Cash and cash equivalents were restated to RMB 126.767 million, a decrease from the previously reported RMB 147.634 million[30]

Financial Performance - The company's revenue for the year ended December 31, 2025, was RMB 591,908,000, representing a 18.6% increase from RMB 498,972,000 in 2024[4] - Gross profit for the same period was RMB 89,934,000, up 58.0% from RMB 56,917,000 in the previous year[4] - The operating profit for 2025 was RMB 183,620,000, compared to an operating loss of RMB 137,496,000 in 2024[4] - Net profit for the year was RMB 159,581,000, significantly higher than RMB 66,194,000 in 2024, marking a 141.5% increase[4] - Total comprehensive income for 2025 reached RMB 304,713,000, compared to RMB 143,855,000 in 2024, reflecting a 111.1% growth[5] - Basic and diluted earnings per share for 2025 were RMB 11.0, compared to RMB 6.1 in 2024, indicating a 80.3% increase[5] - The company reported a pre-tax profit of RMB 142,967,000 for 2025, up from RMB 101,632,000 in 2024, marking an increase of approximately 40.6%[43] - The profit attributable to the owners of the company increased to approximately RMB 166 million, a year-on-year growth of 78.6% from RMB 92.9 million[96] Assets and Liabilities - The company's total assets as of December 31, 2025, were RMB 5,552,677,000, slightly up from RMB 5,495,410,000 in 2024[6] - Non-current assets increased to RMB 5,104,188,000 in 2025 from RMB 4,414,864,000 in 2024[6] - The company's equity attributable to owners increased to RMB 4,024,044,000 in 2025 from RMB 3,700,893,000 in 2024[7] - As of December 31, 2025, the group's current liabilities exceed its current assets by approximately RMB 608.7 million[17] - The group has approximately RMB 686.9 million in current bank and other loans, while cash and cash equivalents are only about RMB 123.9 million[17] - The current ratio decreased to 0.42 from 1.04 in 2024, indicating a decline in short-term liquidity[97] - The debt-to-equity ratio decreased to 21.2% from 25.1% in 2024, reflecting a reduction in bank and other loans during the year[97] Financial Covenants and Working Capital - The group has violated certain financial covenants related to bank loans totaling approximately RMB 144.5 million, which may require immediate repayment[17] - The board believes that, considering the plans and measures in place, the group will have sufficient working capital to meet its obligations during the forecast period[18] - The group is actively negotiating with banks to extend the repayment period of existing loans to ensure necessary funding for operational needs[17] - The group continues to implement measures to improve working capital and operating cash flow by closely monitoring administrative expenses and operating costs[22] Revenue Segments - Revenue from metal products increased to RMB 350.028 million in 2025, compared to RMB 319.389 million in 2024[36] - Revenue from the tourism development business reached approximately RMB 155.7 million for the year ended December 31, 2025, a 36.1% increase from RMB 114.4 million in 2024[78] - Revenue from the LED devices segment was approximately RMB 68.8 million, representing a year-on-year growth of 22.4% from RMB 56.2 million[83] - Revenue from the metal products trading business was approximately RMB 350 million, an increase of 9.6% from RMB 319.4 million, with a gross margin of 1.5%[84] Impairment and Asset Quality - The company reported a significant recovery in trade and other receivables, with a net reversal of impairment losses amounting to RMB 229,126,000 in 2025[4] - The company recorded a loss provision reversal of RMB 229,126,000 in 2025, compared to a loss provision of RMB 77,294,000 in 2024, indicating improved asset quality[43] - Trade receivables decreased from RMB 168,602,000 in 2024 to RMB 122,872,000 in 2025, a reduction of approximately 27.2%[55] - The aging analysis of trade receivables shows that amounts less than 3 months decreased from RMB 118,720,000 in 2024 to RMB 108,175,000 in 2025, a decline of about 8.7%[56] Corporate Governance and Compliance - The company did not recommend a final dividend for the year ending December 31, 2025, consistent with the previous year[54] - The board believes the company has complied with all corporate governance code provisions as per GEM Listing Rules for the year ending December 31, 2025[100] - An audit committee has been established in accordance with GEM Listing Rules, consisting of three independent non-executive directors, responsible for overseeing financial reporting and risk management[101] - The financial statements for the year ending December 31, 2025, have been verified by the auditor, but no assurance opinion will be issued on the announcement[102] Shareholder Activities and Investments - The group raised approximately RMB 232.1 million through the sale of shares in its associate company, Qingniao Fire Protection Co., Ltd. during the year[22] - The company has received shareholder approval to sell up to 20,000,000 shares of Qingniao Fire Protection within 12 months, with a minimum sale price of RMB 8.24 per share[65] - A total of 20,000,000 shares were sold under the authorization, with prices ranging from RMB 12.06 to RMB 15.51 per share, generating approximately RMB 233.4 million in total proceeds[67] - The company has acquired 100% ownership of Shanghai Shengjin Venture Capital for RMB 130,472,000, focusing on high-growth sectors such as new materials and energy conservation[69] Legal and Forensic Matters - The group has initiated an independent forensic investigation regarding a suspected embezzlement incident involving a subsidiary[21] - The company plans to continue following up on the execution of the court ruling regarding the embezzlement case and the recovery of misappropriated funds[81] - The misappropriated funds amounted to RMB 27.127 million, with RMB 822,000 returned by the cashier[23] - The misappropriated funds of RMB 20.867 million led to significant prior year errors in the financial statements, necessitating restatement adjustments[25] Future Outlook - The company expects the external operating environment to remain challenging in 2026 due to ongoing inflationary pressures and geopolitical uncertainties[77] - The company plans to maintain a prudent approach to assess potential investment opportunities, focusing on a balanced and diversified investment portfolio[77] - The investment agreement with an investor for Guangdong Liuming was terminated due to disagreements regarding the share incentive plan[73]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公佈之內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表明概不就因本公佈全部或任何部份內容而産生或因倚 賴該等內容而引致之任何損失承擔任何責任。 北京北大青鳥環宇科技股份有限公司 北京北大青鳥環宇科技股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此 宣佈董事會會議將於二零二六年三月三十一日星期二舉行，藉以（其中包括）考慮及批准本公 司及附屬公司截至二零二五年十二月三十一日止全年業績及其刊發，以及考慮派發末期股息 （如有）。 承董事會命 北京北大青鳥環宇科技股份有限公司 主席 鄭重 BEIJING BEIDA JADE BIRD UNIVERSAL SCI-TECH COMPANY LIMITED （於 中 華 人 民 共 和 國 註 冊 成 立 之 股 份 有 限 公 司） (股票編號: 08095) 董事會會議日期 二零二六年三月十六日 於本公佈日期，鄭重女士、王興業先生、劉子毅先生及關雪明女士為執行董事，曹軍先生為非執行董 事，而唐炫先生、沈維先生及劉張弛女士為獨立非執行董事。 本公佈包括之資料乃遵照聯交所《GEM證 ...

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佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表明概不就因本公佈全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 北京北大青鳥環宇科技股份有限公司 BEIJING BEIDA JADE BIRD UNIVERSAL SCI-TECH COMPANY LIMITED （於 中華人民共和國註冊成立之股份有限公 司） （股票編號：08095） 茲提述北京北大青鳥環宇科技股份有限公司（「本公司」）日期為二零二六年一月 二十九日之公佈（「該公佈」），內容有關因向目標公司注資而視作出售的須予披露 及關連交易終止以及根據附屬公司股份激勵計劃授出購股權的關連交易。除文義 另有所指外，於本公佈內所採用之詞彙與該公佈內所界定者具有相同涵義。 董事會謹此為股東及本公司潛在投資者提供有關終止注資協議及有關估值的額外 資料。 終止注資協議 根據注資協議，投資者將向目標公司注資，並於注資協議完成後持有目標公司註 冊資本總額約33%。由於目標公司採納附屬公司股份激勵計劃後，因授出及行使 購股權而向目標公司注資，將會攤薄投資者於注資協議完成後所持有 ...

致：香港交易及結算所有限公司 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 公司名稱: 北京北大青鳥環宇科技股份有限公司 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) | 08095 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 814,464,000 | RMB | | 0.1 RMB | | 81,446,400 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 814,464,000 | RMB | | 0.1 RMB | | 81,446,400 | | 2. 股份分類 | 普通股 | 股份類別 | ...

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: 北京北大青鳥環宇科技股份有限公司 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) | 08095 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 814,464,000 | RMB | | 0.1 RMB | | 81,446,400 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 814,464,000 | RMB | | 0.1 RMB | | 81,446,400 | | 2. 股份分類 | 普通股 | 股份類別 | ...

Stock Performance - The stock of Beijing Qingniao Huanyu (08095.HK) experienced unusual fluctuations, with a notable increase of 7.21% on December 30, 2025, reaching HKD 1.190 per share, alongside a net capital inflow of HKD 459,450, although the turnover rate was only 0.08% and the volatility was 1.80% [1] - Prior to this, on December 22, 2025, the stock also saw a significant rise of 5.77%, raising concerns about whether short-term fluctuations are diverging from the fundamentals, necessitating attention to changes in trading volume and capital flow [1] Financial Performance - The mid-term report for 2025 indicated a revenue increase of 39.9% year-on-year, totaling CNY 301 million, but the net profit attributable to shareholders expanded to a loss of CNY 28.372 million, with operating cash flow turning negative at CNY -101 million [2] - The current ratio stood at 1.35, nearing the warning line, indicating potential liquidity concerns [2] - Investors are advised to await the full-year financial report for 2025 to verify whether losses have narrowed and if cash flow has improved [2] Subsidiary Developments - The company, through its holding platform Shanghai Shengjin, has invested in several technology firms, including Gait Semiconductor (41.51% stake) and Shanghai Xianyao Display Technology (13.46% stake), with some of these investments having high valuations, such as Shanghai Xianyao's post-B round financing valuation reaching CNY 8 billion [3] - However, some related companies, like Yingrui Optoelectronics, are in liquidation, creating uncertainty regarding the realization of equity [3] - Ongoing monitoring of these investment projects' business progress and their impact on the group's consolidated financial statements is essential [3]

Company Analysis - The stock price of North China Blue Sky Universe (08095.HK) increased by 5.26% to HKD 1.20 on February 13, 2026, influenced by technical factors and market sentiment [1] - The current price-to-book ratio (PB) is 0.45, indicating a valuation below net asset levels, which may attract investors looking for undervalued assets. However, the company faces challenges, including negative operating cash flow and rising management expense ratios as reported in the mid-2025 report [2] - The stock has shown signs of being oversold, with a 20-day moving average of HKD 1.259, and the closing price below this average suggests a potential technical rebound [1] Industry Overview - The composite enterprise sector experienced a decline of 0.53% on the same day, but individual stock performance may be influenced by specific capital flows or market sentiment [3] - Recent announcements from multiple listed companies regarding abnormal stock price fluctuations indicate risks associated with speculative trading, leading some investors to shift focus towards lower-priced stocks [3]

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: 北京北大青鳥環宇科技股份有限公司 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 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08095 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 814,464,000 | RMB | | 0.1 RMB | | 81,446,400 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 814,464,000 | RMB | | 0.1 RMB | | 81,446,400 | 1. 股份分類 普通股 股份類別 H 於香港聯交 ...

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佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表明概不就因本公佈全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 北京北大青鳥環宇科技股份有限公司 BEIJING BEIDA JADE BIRD UNIVERSAL SCI-TECH COMPANY LIMITED （於 中華人民共和國註冊成立之股份有限公 司） （股票編號：08095） (1) 終止須予披露及關連交易： 因向目標公司注資而視作出售；及 (2) 關連交易： 根據附屬公司股份激勵計劃授出購股權 終止注資協議 董事會宣佈，於二零二六年一月二十九日，本公司、投資者、目標公司（本公司 的全資附屬公司）及上海盛今（本公司的全資附屬公司）訂立終止協議，據此，(i) 自二零二六年一月二十九日起，注資協議應予終止，從而解除及免除本公司、 投資者、目標公司及上海盛今各自在注資協議項下的義務及責任；及(ii)本公司、 投資者、目標公司及上海盛今各自不得就注資協議向其他訂約方提出任何索償。 由於並無落實完成注資協議，終止注資協議對本集團於目標公司的持股並無任 何影響。於終止 ...