FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 中國恒有源發展集團有限公司 呈交日期： 2025年9月15日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 08128 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | | ...

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，並明確表示概不就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之任何損失承擔任何責任。 雙方將根據原協議及補充協議的條款，全面履行各自的權利與義務。 承董事局命 中國恒有源發展集團有限公司 有關出售聯營公司20%股權的 須予披露交易的條款變更 茲提述中國恒有源發展集團有限公司（「本公司」）就有關出售聯營公司20%股權之 須予披露交易而刊發日期為二零二五年六月十七日及二零二五年七月十七日之公 告（「該等公告」）。除另有界定外，本公告所用詞彙與該等公告所界定者具有相同 涵義。 根據協議條款，協議在買方於二零二五年八月三十一日或之前全額支付代價後生效。 本公司董事會謹此公告，賣方與買方已於二零二五年九月五日（交易時段後）簽署 補充協議，將協議所載之生效條件作出調整，確認協議自二零二五年九月二日起 正式生效。 有關條款之變更乃因買方於二零二五年八月二十九日已支付代价人民幣321.574萬 元，並於同日書面通知賣方，因其賬戶支付限額，餘款人民幣200萬元須延至二零 二五年九月二日完成支付。賣方已於二零二 ...

[Company Information and Regulatory Statements](index=1&type=section&id=Company%20Information%20and%20Regulatory%20Statements) This section provides an overview of the company's listing details and the regulatory disclaimers associated with its GEM market presence [Company Overview](index=1&type=section&id=Company%20Overview) This report is the 2025 interim report for China Everbright Greentech Group Limited (Stock Code: 8128), incorporated in the Cayman Islands and listed on the GEM of the Hong Kong Stock Exchange - Company name: China Everbright Greentech Group Limited, Stock Code: **8128**[2](index=2&type=chunk) - The company is incorporated in the Cayman Islands and listed on the **GEM of the Hong Kong Stock Exchange**[1](index=1&type=chunk)[2](index=2&type=chunk) [GEM Listing Characteristics and Disclaimer](index=2&type=section&id=GEM%20Listing%20Characteristics%20and%20Disclaimer) The GEM market provides a listing platform for small and medium-sized companies with higher investment risks and no guaranteed liquidity; HKEX disclaims responsibility for this report, with directors jointly ensuring its accuracy and completeness - The GEM market provides a listing platform for small and medium-sized companies, entailing **higher investment risks** and market volatility with **no guaranteed liquidity**[3](index=3&type=chunk) - Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take **no responsibility for the contents** of this report, with the company's directors jointly assuming responsibility for its accuracy, completeness, and non-misleading nature[3](index=3&type=chunk) [Financial Highlights and Review](index=3&type=section&id=Financial%20Highlights%20and%20Review) This section summarizes the Group's key financial performance and position for the interim period, highlighting revenue, profit, and balance sheet changes [Financial Highlights](index=3&type=section&id=Financial%20Highlights) For the six months ended June 30, 2025, the company reported revenue of approximately **32.47 million HKD**, a net profit after tax of approximately **3.66 million HKD**, and no dividends declared 2025 Interim Financial Highlights | Metric | Six Months Ended June 30, 2025 (thousand HKD) | | :--- | :--- | | Revenue | 32,469 | | Net Profit After Tax | 3,662 | | Dividends Declared | None | [Financial Review](index=3&type=section&id=Financial%20Review) The Group's revenue slightly increased by **3.17%** to **32.47 million HKD**, with profit significantly rising to **3.66 million HKD**, driven by improved gross margin, increased other income, and higher share of profits from associates/joint ventures; sales and distribution expenses decreased, while administrative expenses rose due to increased legal fees Revenue and Profit Overview (thousand HKD) | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Revenue | 32,469 | 31,472 | | Profit for the Period | 3,662 | 159 | | Profit Attributable to Owners of the Parent | 3,948 | 176 | - Revenue slightly increased by **3.17%** year-on-year, with principal business income of approximately **32.47 million HKD**[10](index=10&type=chunk) - Profit for the period significantly increased to **3.66 million HKD**, primarily due to higher gross margin, increased other income (including **6.51 million HKD** in government grants), and a greater share of profits from associates and joint ventures[10](index=10&type=chunk)[11](index=11&type=chunk) - Sales and distribution expenses decreased year-on-year, while administrative expenses increased by **7.46%** due to higher legal service fees[10](index=10&type=chunk) [Financial Position](index=5&type=section&id=Financial%20Position) As of June 30, 2025, the Group's contract value on hand increased to **80 million HKD**, net current liabilities improved, and the gearing ratio decreased to **46%**, with no significant asset pledges, M&A, or material contingent liabilities during the period - Contract value on hand increased to approximately **80 million HKD**, a significant increase from **50 million HKD** in the prior year[13](index=13&type=chunk) - Net current liabilities improved to approximately **5.91 million HKD** (December 31, 2024: **10.17 million HKD**)[14](index=14&type=chunk) - Gearing ratio decreased to **46%** (December 31, 2024: **49%**), indicating reduced financial leverage[14](index=14&type=chunk) - There were no significant asset pledges, material acquisitions or disposals, or material contingent liabilities during the period[15](index=15&type=chunk)[16](index=16&type=chunk)[18](index=18&type=chunk) [Business Review and Outlook](index=6&type=section&id=Business%20Review%20and%20Outlook) This section reviews the Group's operational performance, outlines strategic directions, and discusses the employee situation and policy support [Operating Performance Review](index=6&type=section&id=Operating%20Performance%20Review) During the review period, the Group's operating revenue slightly increased, and gross margin improved, primarily due to cost control and design optimization - The Group's operating revenue slightly increased, and gross margin improved, primarily attributable to **cost control and design optimization**[20](index=20&type=chunk) [Strategy and Development Direction](index=6&type=section&id=Strategy%20and%20Development%20Direction) The Group actively promotes an exclusive agency system for integrated geothermal heat pump projects, focusing on market expansion, strengthening project management and independent accounting, and enhancing cash flow management and financial risk prevention, supported by national policies for renewable energy substitution - Implementing an exclusive agency system for new green industrial projects integrating geothermal heat pumps for efficient and clean heating, with **market expansion as the primary focus**[20](index=20&type=chunk) - Focusing on core business, prioritizing cooperation with **well-funded and reputable projects**, accelerating the conversion of ongoing projects' output value, and strengthening the **independent project accounting system**[22](index=22&type=chunk) - Strengthening cash flow management, preventing financial risks, improving the cash flow management system, revitalizing cash flow, and enhancing financial control[22](index=22&type=chunk) - The National Development and Reform Commission and five other departments issued the 'Guiding Opinions on Vigorously Implementing Renewable Energy Substitution Actions,' providing **favorable policy support** for the Group's promotion of shallow geothermal energy[22](index=22&type=chunk) [Staff Information](index=6&type=section&id=Staff%20Information) As of June 30, 2025, the Group employed approximately **181 staff members**, with remuneration determined by performance, experience, position, and responsibilities Number of Employees | Date | Number of Employees | | :--- | :--- | | 2025年6月30日 | 181 | | 2024年12月31日 | 193 | - Staff remuneration is determined by their **performance, experience, position, and responsibilities**[19](index=19&type=chunk) [Condensed Consolidated Financial Statements](index=8&type=section&id=Condensed%20Consolidated%20Financial%20Statements) This section presents the Group's interim financial statements, including profit or loss, comprehensive income, financial position, equity changes, and cash flows [Condensed Consolidated Statement of Profit or Loss](index=8&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss) For the six months ended June 30, 2025, the Group reported revenue of **32.47 million HKD**, gross profit of **9.21 million HKD**, profit for the period of **3.66 million HKD**, and basic earnings per share attributable to owners of the parent of **0.09 HK cents** Key Data from Condensed Consolidated Statement of Profit or Loss (thousand HKD) | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Revenue | 32,469 | 31,472 | | Cost of Sales | (23,261) | (22,773) | | Gross Profit | 9,208 | 8,699 | | Other Income and Gains | 11,143 | 4,730 | | Selling and Distribution Expenses | (4,579) | (5,048) | | Administrative Expenses | (17,446) | (16,235) | | Finance Costs | (1,531) | (1,817) | | Profit for the Period | 3,662 | 159 | | Profit Attributable to Owners of the Parent | 3,948 | 176 | | Basic Earnings Per Share (HK cents) | 0.09 | 0.003 | [Condensed Consolidated Statement of Comprehensive Income](index=10&type=section&id=Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) For the six months ended June 30, 2025, total comprehensive income for the period was **7.54 million HKD**, primarily influenced by exchange differences and the share of other comprehensive income from associates Key Data from Condensed Consolidated Statement of Comprehensive Income (thousand HKD) | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Profit for the Period | 3,662 | 159 | | Exchange Differences Arising from Translation of Foreign Operations | 993 | (1,451) | | Share of Other Comprehensive Income (Loss) of Associates | 3,110 | (157) | | Total Comprehensive Income (Loss) for the Period | 7,543 | (1,787) | | Attributable to Owners of the Parent | 7,559 | (1,706) | [Condensed Consolidated Statement of Financial Position](index=11&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the Group's total assets were **834.24 million HKD**, total liabilities were **541.42 million HKD**, and net assets increased to **292.82 million HKD**, with an improvement in net current liabilities Key Data from Condensed Consolidated Statement of Financial Position (thousand HKD) | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total Non-current Assets | 393,950 | 398,982 | | Total Current Assets | 440,285 | 457,820 | | Total Current Liabilities | 446,199 | 467,988 | | Net Current (Liabilities) | (5,914) | (10,168) | | Net Assets | 292,816 | 284,100 | | Total Equity | 292,816 | 284,100 | [Condensed Consolidated Statement of Changes in Equity](index=13&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) For the six months ended June 30, 2025, equity attributable to owners of the parent increased to **274.77 million HKD**, and total equity rose to **292.82 million HKD**, primarily influenced by profit for the period and other comprehensive income Key Data from Condensed Consolidated Statement of Changes in Equity (thousand HKD) | Metric | June 30, 2025 (Unaudited) | January 1, 2024 (Audited) | | :--- | :--- | :--- | | Total Attributable to Owners of the Parent | 274,775 | 249,924 | | Non-controlling Interests | 18,042 | 28,666 | | Total Equity | 292,816 | 278,590 | | Profit for the Period | 3,662 | 159 | | Total Comprehensive Income for the Period | 8,717 | (2,105) | [Condensed Consolidated Statement of Cash Flows](index=14&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) For the six months ended June 30, 2025, net cash outflow from operating activities was **9.19 million HKD**, net cash inflow from investing activities was **2.21 million HKD**, and net cash inflow from financing activities was **1.18 million HKD**, resulting in a net decrease of **5.80 million HKD** in cash and cash equivalents Key Data from Condensed Consolidated Statement of Cash Flows (thousand HKD) | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net Cash From (Used In) Operating Activities | (9,190) | (14,331) | | Net Cash From Investing Activities | 2,212 | 937 | | Net Cash From (Used In) Financing Activities | 1,175 | – | | Net Increase (Decrease) in Cash and Cash Equivalents | (5,803) | (13,394) | | Cash and Cash Equivalents at End of Period | 46,353 | 53,110 | [Notes to the Financial Statements](index=15&type=section&id=Notes%20to%20the%20Financial%20Statements) This section provides detailed notes on the Group's accounting policies, segment information, revenue breakdown, finance costs, tax, dividends, and financial instruments [Company Information and Accounting Policies](index=15&type=section&id=Company%20Information%20and%20Accounting%20Policies) The company's principal businesses include shallow geothermal energy systems, air/shallow geothermal heat pump sales, property investment, and securities trading; interim financial statements are prepared in accordance with GEM Listing Rules and HKAS 34, with consistent accounting policies and no material impact from new accounting standards adoption - The Group's principal businesses include providing, installing, and maintaining **shallow geothermal energy utilization systems**; selling **air/shallow geothermal heat pump products**; property investment for potential rental income; and securities trading and other investments[33](index=33&type=chunk) - The condensed consolidated interim financial statements are prepared in accordance with Chapter 18 of the **GEM Listing Rules** and **HKAS 34**, with accounting policies consistent with the annual financial statements for the year ended December 31, 2024[32](index=32&type=chunk)[34](index=34&type=chunk) [Operating Segment Information](index=16&type=section&id=Operating%20Segment%20Information) The Group's operations are divided into four segments: shallow geothermal energy, air/shallow geothermal heat pumps, property investment and development, and securities investment and trading; the shallow geothermal energy segment contributes the majority of revenue and results, while property investment and development revenue significantly increased - The Group's operating segments include **shallow geothermal energy**, **air/shallow geothermal heat pumps**, **property investment and development**, and **securities investment and trading**[37](index=37&type=chunk) Segment Revenue (thousand HKD) | Segment | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Shallow Geothermal Energy | 29,586 | 30,617 | | Air/Shallow Geothermal Heat Pumps | 101 | 635 | | Property Investment and Development | 2,782 | 220 | | Securities Investment and Trading | – | – | | Total Sales to External Customers | 32,469 | 31,472 | Segment Results (thousand HKD) | Segment | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Shallow Geothermal Energy | 10,059 | 9,185 | | Air/Shallow Geothermal Heat Pumps | 18 | 635 | | Property Investment and Development | 1,254 | 220 | | Securities Investment and Trading | – | – | | Total Segment Results | 11,331 | 9,500 | [Revenue, Other Income and Gains](index=19&type=section&id=Revenue%2C%20Other%20Income%20and%20Gains) The Group's total revenue was **32.47 million HKD**, comprising **29.69 million HKD** from contracts with customers and **2.78 million HKD** from rental income; other income significantly increased to **11.14 million HKD**, primarily due to **6.52 million HKD** in government grants Revenue Analysis (thousand HKD) | Revenue Source | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Revenue from Contracts with Customers | 29,687 | 31,252 | | Rental Income | 2,782 | 220 | | Total Revenue | 32,469 | 31,472 | Other Income (thousand HKD) | Other Income Source | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Interest Income | 1,570 | 1,749 | | Dividend Income | 2,283 | 1,221 | | Subsidy Income | 6,519 | – | | Others | 771 | 1,695 | | Total | 11,143 | 4,730 | - Revenue from contracts with customers primarily derived from **construction services (shallow geothermal energy)** and **industrial product sales (air/shallow geothermal heat pumps)** in Mainland China[45](index=45&type=chunk)[46](index=46&type=chunk) [Finance Costs](index=24&type=section&id=Finance%20Costs) For the six months ended June 30, 2025, finance costs were **1.41 million HKD**, primarily consisting of interest on lease liabilities, with bank loan interest reduced to zero Finance Costs Analysis (thousand HKD) | Source of Finance Costs | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Interest on Bank and Other Borrowings | – | 392 | | Interest on Lease Liabilities | 1,408 | 1,425 | | Total | 1,408 | 1,817 | [Profit (Loss) Before Tax](index=24&type=section&id=Profit%20%28Loss%29%20Before%20Tax) For the six months ended June 30, 2025, profit before tax was **3.84 million HKD**, after deducting costs of inventories sold, costs of services provided, depreciation, and staff welfare expenses Deductions for Profit (Loss) Before Tax (thousand HKD) | Deduction Item | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Cost of Inventories Sold | 9,991 | 9,782 | | Cost of Services Provided | 13,270 | 12,981 | | Depreciation | 1,839 | 2,270 | | Staff Welfare Expenses | 8,087 | 12,400 | [Income Tax Expense](index=25&type=section&id=Income%20Tax%20Expense) For the six months ended June 30, 2025, income tax expense was **0.17 million HKD**, primarily current tax in Mainland China; some Chinese subsidiaries, as high-tech enterprises, enjoy a **15% preferential tax rate** Income Tax Expense (thousand HKD) | Tax Type | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Current - Mainland China | 173 | 53 | | Over-provision in Prior Years | – | (3,015) | | Deferred | – | – | | Total Tax Charged for the Period | 173 | (2,962) | - Certain PRC subsidiaries, as high-tech enterprises, enjoy a **preferential income tax rate of 15%**[55](index=55&type=chunk) [Dividends](index=25&type=section&id=Dividends) For the six months ended June 30, 2025, the company neither paid, declared, nor proposed any interim dividends - No interim dividends were paid, declared, or proposed for the six months ended June 30, 2025[57](index=57&type=chunk) [Earnings (Loss) Per Share Attributable to Ordinary Equity Holders of the Parent](index=26&type=section&id=Earnings%20%28Loss%29%20Per%20Share%20Attributable%20to%20Ordinary%20Equity%20Holders%20of%20the%20Parent) For the six months ended June 30, 2025, basic earnings per share attributable to ordinary equity holders of the parent was **0.09 HK cents**, a significant increase from the prior year Earnings (Loss) Per Share Analysis | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Profit (Loss) Attributable to Ordinary Equity Holders of the Parent (thousand HKD) | 3,948 | 176 | | Weighted Average Number of Ordinary Shares in Issue (thousand shares) | 4,513,234 | 4,526,925 | | Basic Earnings Per Share (HK cents) | 0.09 | 0.003 | [Property, Plant and Equipment](index=26&type=section&id=Property%2C%20Plant%20and%20Equipment) For the six months ended June 30, 2025, the Group did not make any significant acquisitions of property, plant, and equipment - The Group did not make any **significant acquisitions of property, plant, and equipment** for the six months ended June 30, 2025[60](index=60&type=chunk) [Trade Receivables](index=27&type=section&id=Trade%20Receivables) As of June 30, 2025, net trade receivables were **3.17 million HKD**, with a typical credit period of three months; the Group maintains strict control over outstanding receivables and has no significant concentration of credit risk Ageing Analysis of Trade Receivables (thousand HKD) | Ageing | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Within 90 days | 2,433 | 3,997 | | 91 to 180 days | 89 | 116 | | 181 to 365 days | 297 | 282 | | Over 365 days | 355 | 416 | | Total | 3,174 | 4,811 | - The Group primarily enters into transactions with customers on credit terms, with a typical credit period of **three months**, and maintains a credit control department to mitigate credit risk[62](index=62&type=chunk) [Trade Payables and Bills Payable](index=28&type=section&id=Trade%20Payables%20and%20Bills%20Payable) As of June 30, 2025, total trade payables and bills payable were **119.60 million HKD**, a decrease from the end of 2024, and are typically settled within six months Ageing Analysis of Trade Payables and Bills Payable (thousand HKD) | Ageing | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Within 90 days | 15,271 | 22,968 | | 91 to 180 days | 13,587 | 13,867 | | 181 to 365 days | 11,884 | 17,048 | | Over 365 days | 78,854 | 85,486 | | Total | 119,596 | 139,369 | - Trade payables and bills payable are **interest-free** and generally settled within **six months**[64](index=64&type=chunk) [Share Capital](index=28&type=section&id=Share%20Capital) As of June 30, 2025, the company's issued and fully paid ordinary share capital was **353.04 million HKD**, with **4,523,909 thousand shares** outstanding Share Capital Information | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Issued and Fully Paid Ordinary Shares (thousand shares) | 4,523,909 | 4,505,573 | | Share Capital (thousand HKD) | 353,043 | 353,043 | [Capital Commitments](index=28&type=section&id=Capital%20Commitments) The Group had no material capital commitments at the end of the reporting period - The Group had **no material capital commitments** at the end of the reporting period[66](index=66&type=chunk) [Related Party Transactions](index=29&type=section&id=Related%20Party%20Transactions) The Group had receivables/payables with related parties and engaged in transactions such as key management personnel remuneration and rental expenses from associates Related Party Transactions (thousand HKD) | Transaction Type | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Remuneration for Key Management Personnel of the Group | 3,956 | 3,820 | | Rental Expenses from Associates | 330 | 330 | - Amounts due from/to related companies and associates are included in the condensed consolidated statement of financial position[68](index=68&type=chunk) [Fair Value of Financial Instruments](index=30&type=section&id=Fair%20Value%20of%20Financial%20Instruments) The Group's financial instruments, including trade receivables, equity investments designated at fair value through other comprehensive income, and financial assets at fair value through profit or loss, have carrying amounts that approximate their fair values Carrying Amount and Fair Value of Financial Assets (thousand HKD) | Financial Assets | June 30, 2025 (Carrying Amount) | December 31, 2024 (Carrying Amount) | June 30, 2025 (Fair Value) | December 31, 2024 (Fair Value) | | :--- | :--- | :--- | :--- | :--- | | Trade Receivables, Non-current Portion | 46,921 | 55,332 | 46,921 | 55,332 | | Equity Investments Designated at Fair Value Through Other Comprehensive Income | 55,500 | 54,661 | 55,500 | 54,661 | | Financial Assets at Fair Value Through Profit or Loss | 4,461 | 4,895 | 4,461 | 4,895 | | Total | 106,882 | 114,888 | 106,882 | 114,888 | - The carrying amounts of the Group's financial instruments are **reasonably close to their fair values**[69](index=69&type=chunk) [Share Capital and Corporate Governance](index=31&type=section&id=Share%20Capital%20and%20Corporate%20Governance) This section details directors' and substantial shareholders' interests, share schemes, corporate governance practices, and recent changes in company structure and auditor [Directors' and Chief Executive's Interests](index=31&type=section&id=Directors%27%20and%20Chief%20Executive%27s%20Interests) As of June 30, 2025, several directors and the chief executive held company shares, with Mr. Xu Shengheng and his spouse collectively holding **15.99%** of voting shares, and Mr. Zhang Yiying and his controlled corporations holding **5.65%**; no directors held short positions in the company's or associated corporations' debt securities or equity derivatives during the period Shareholdings of Directors and Chief Executive | Name | Capacity of Holding Shares | Number of Shares | % of Issued Voting Shares | | :--- | :--- | :--- | :--- | | Mr. Xu Shengheng | Beneficial Owner and Spouse's Interest | 723,153,400 | 15.99% | | Ms. Liu Ening | Beneficial Owner | 253,000,000 | 5.59% | | Mr. Zhang Yiying | Beneficial Owner and Interest of Controlled Corporation | 255,504,000 | 5.65% | | Mr. Wu Qiang | Beneficial Owner | 5,000,000 | 0.11% | | Mr. Guan Chenghua | Beneficial Owner | 5,000,000 | 0.11% | | Mr. Yang Mingzhong | Beneficial Owner | 1,760,000 | 0.04% | - As of June 30, 2025, none of the other directors of the company held any equity interests in the company or any of its associated corporations[72](index=72&type=chunk) - As of June 30, 2025, none of the directors and chief executive held any **short positions** in the shares, debentures, or equity derivatives of the company or its associated corporations[73](index=73&type=chunk) [Substantial Shareholders' and Other Persons' Interests](index=33&type=section&id=Substantial%20Shareholders%27%20and%20Other%20Persons%27%20Interests) As of June 30, 2025, China Energy Conservation and Environmental Protection (Hong Kong) Investment Co., Ltd. and its parent, China Energy Conservation and Environmental Protection Group Co., Ltd., were the largest shareholders, holding **26.30%** of voting shares; Ms. Lu Haiwen, Mr. Wang Zhiyu, and Ms. Wang Xinmeng also held significant shares through spouse interests Shareholdings of Substantial Shareholders and Other Persons | Name | Capacity of Holding Shares | Number of Shares | % of Issued Voting Shares | | :--- | :--- | :--- | :--- | | China Energy Conservation and Environmental Protection (Hong Kong) Investment Co., Ltd. | Beneficial Owner | 1,190,000,000 | 26.30% | | China Energy Conservation and Environmental Protection Group Co., Ltd. | Interest of Controlled Corporation | 1,190,000,000 | 26.30% | | Ms. Lu Haiwen | Beneficial Owner and Spouse's Interest | 723,153,400 | 15.99% | | Mr. Wang Zhiyu | Spouse's Interest | 253,000,000 | 5.59% | | Ms. Wang Xinmeng | Spouse's Interest | 255,504,000 | 5.65% | | Universal Zone Limited | Beneficial Owner | 250,000,000 | 5.53% | - As of June 30, 2025, the company was not aware of any substantial shareholders or other persons holding any **long or short positions** in shares and underlying shares through equity derivatives[77](index=77&type=chunk)[78](index=78&type=chunk) [Share Schemes](index=35&type=section&id=Share%20Schemes) The company adopted an **option scheme** and a **share award scheme** on September 6, 2024, both valid for ten years; as of June 30, 2025, no options or awarded shares were granted, exercised, cancelled, or lapsed under these schemes - The **2024 Share Option Scheme** and the **2024 Share Award Scheme** were adopted on September 6, 2024, and are valid for **ten years**[80](index=80&type=chunk) - For the six months ended June 30, 2025, no share options or awarded shares were granted, exercised, cancelled, or lapsed under the aforementioned schemes[80](index=80&type=chunk)[81](index=81&type=chunk) - As of June 30, 2025, the number of shares available for grant under the schemes was **452,692,516 shares**[81](index=81&type=chunk) [Competition and Conflicts of Interest](index=36&type=section&id=Competition%20and%20Conflicts%20of%20Interest) None of the company's directors, substantial shareholders, or their respective associates are engaged in businesses that compete or may compete with the Group's business, nor do they have any other conflicts of interest - None of the company's directors, substantial shareholders, or their respective associates are engaged in businesses that **compete or may compete** with the Group's business, nor do they have any other **conflicts of interest** with the Group[83](index=83&type=chunk) [Audit Committee](index=36&type=section&id=Audit%20Committee) The Audit Committee, composed of three independent non-executive directors, is responsible for reviewing and overseeing the Group's financial reporting, risk management, and internal control systems, and has reviewed these interim results - The Audit Committee is comprised of **three independent non-executive directors**, with primary responsibilities including reviewing and overseeing the Group's **financial reporting process, risk management, and internal control systems**[84](index=84&type=chunk) - The Audit Committee has reviewed the Group's **unaudited interim results** for the six months ended June 30, 2025[84](index=84&type=chunk) [Directors' Securities Transactions](index=37&type=section&id=Directors%27%20Securities%20Transactions) The company has not adopted a code for directors' securities transactions, but inquiries revealed no non-compliance with GEM Listing Rules trading standards by directors during the review period - The company has not adopted a code for directors' securities transactions, but no instances of non-compliance with the **trading standards** set out in Rules 5.48 to 5.67 of the **GEM Listing Rules** by directors were found during the review period[85](index=85&type=chunk) [Corporate Governance Code](index=37&type=section&id=Corporate%20Governance%20Code) During the review period, the company complied with all code provisions of the Corporate Governance Code in Appendix C1 of the GEM Listing Rules, except for one non-executive director who was absent from the annual general meeting due to other commitments - The company complied with all code provisions of the **Corporate Governance Code** in Appendix C1 of the **GEM Listing Rules**, except that non-executive director Mr. Liao Yuan was absent from the annual general meeting due to other commitments[86](index=86&type=chunk) [Update on Directors' Information](index=37&type=section&id=Update%20on%20Directors%27%20Information) Mr. Wu Qiang resigned as an independent non-executive director and from related committee positions on March 28, 2025, and Mr. Guo Guanglei was appointed as an independent non-executive director and chairman of related committees on the same day - Mr. Wu Qiang resigned as an **independent non-executive director**, member of the Audit Committee, Remuneration Committee, and Nomination Committee, and chairman of the Group Development Strategy Committee on **March 28, 2025**[87](index=87&type=chunk) - Mr. Guo Guanglei was appointed as an **independent non-executive director**, member of the Audit Committee, Remuneration Committee, and Nomination Committee, and chairman of the Group Development Strategy Committee on **March 28, 2025**[88](index=88&type=chunk) [Repurchase, Redemption or Sale of the Company's Listed Securities](index=38&type=section&id=Repurchase%2C%20Redemption%20or%20Sale%20of%20the%20Company%27s%20Listed%20Securities) The company obtained shareholder authorization for share repurchases, buying back **4,080,000 shares** for a total consideration of **170,864 HKD** during the review period; additionally, **22,416,000 treasury shares** were sold via off-market transactions, with proceeds used for general working capital - The company obtained **2024 and 2025 repurchase mandates**, allowing for the repurchase of up to **10%** of the total issued shares (excluding treasury shares)[89](index=89&type=chunk) Details of Share Repurchases | Repurchase Period | Number of Shares Repurchased | Total Consideration Paid (HKD) | | :--- | :--- | :--- | | January 2025 (2024 Mandate) | 1,064,000 | 47,704 | | May 2025 (2025 Mandate) | 1,744,000 | 73,352 | | June 2025 (2025 Mandate) | 1,272,000 | 49,808 | | Total (As of June 30, 2025) | 4,080,000 | 170,864 | - On April 17, 2025, the company sold **22,416,000 treasury shares** to an independent third party at **0.06 HKD per share**, representing a premium of approximately **53.85%** over the closing price on that day, with proceeds used for general working capital[93](index=93&type=chunk) [Amendments to and Adoption of New Memorandum and Articles of Association](index=41&type=section&id=Amendments%20to%20and%20Adoption%20of%20New%20Memorandum%20and%20Articles%20of%20Association) At the Annual General Meeting on May 22, 2025, the company passed a special resolution to approve and adopt new Memorandum and Articles of Association, primarily empowering the company to hold and deal with treasury shares and making administrative amendments - At the Annual General Meeting on **May 22, 2025**, the company passed a special resolution to approve and adopt new Memorandum and Articles of Association[96](index=96&type=chunk) - The new articles primarily empower the company to **hold and deal with treasury shares** and include administrative amendments to enhance clarity and consistency of provisions[96](index=96&type=chunk) [Change of Auditor's Registered Name](index=41&type=section&id=Change%20of%20Auditor%27s%20Registered%20Name) Effective June 30, 2025, the company's auditor's registered name changed from 'CL Partners CPA Limited' to 'Rongcheng (Hong Kong) CPA Limited' - Effective **June 30, 2025**, the company's auditor's English registered name changed from 'CL Partners CPA Limited' to '**Rongcheng (Hong Kong) CPA Limited**', and its Chinese name changed from '先机会计师行有限公司' to '容诚（香港）会计师事务所有限公司'[97](index=97&type=chunk)

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: 中國恒有源發展集團有限公司 呈交日期: 2025年8月29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) | 08128 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 16,000,000,000 | USD | | 0.01 | USD | | 160,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 16,000,000,000 | USD | | 0.01 | USD | | 160,000,000 | 本月 ...

Group 1 - The company reported a revenue of HKD 32.469 million for the six months ending June 30, 2025, representing a year-on-year increase of 3.2% [1] - The profit attributable to the owners of the parent company was HKD 3.948 million, compared to HKD 0.176 million in the same period last year [1] - The basic earnings per share were HKD 0.09 [1]

Core Viewpoint - China Hengyouyuan Group (08128) reported a significant increase in profits for the six months ending June 30, 2025, driven by improved gross margins and increased income from joint ventures and associates [1] Financial Performance - The company achieved revenue of HKD 32.469 million, representing a year-on-year increase of 3.2% [1] - Profit attributable to equity holders of the parent company reached HKD 3.948 million, a substantial year-on-year increase of 2143% [1] - Earnings per share were reported at HKD 0.09 [1] Contributing Factors - The notable rise in profit was primarily attributed to an increase in gross margin, additional income, and higher earnings from joint ventures and associates [1]

Core Insights - China Hengyouyuan Group (08128) reported a revenue of HKD 32.469 million for the six months ending June 30, 2025, representing a year-on-year increase of 3.2% [1] - The profit attributable to the owners of the parent company reached HKD 3.948 million, showing a significant year-on-year increase of 2143% [1] - Earnings per share stood at HKD 0.09 [1] Financial Performance - The substantial increase in profit is attributed to a rise in gross margin, an increase in other income, and higher earnings from joint ventures and associates [1]

[Company Overview and Highlights](index=1&type=section&id=I.%20Company%20Overview%20and%20Highlights) This section provides an overview of the company's interim results, highlighting key financial performance and the characteristics of the GEM market [Report Statement and GEM Characteristics](index=1&type=section&id=1.1%20Report%20Statement%20and%20GEM%20Characteristics) This report presents the interim results for the six months ended June 30, 2025, noting GEM's high investment risks for SMEs and the directors' full responsibility for content accuracy - The GEM market is positioned for small and medium-sized enterprises, entailing **higher investment risks** and **market volatility**[2](index=2&type=chunk) - The Stock Exchange disclaims responsibility for the announcement's content, with the company's directors assuming full responsibility for its **accuracy and completeness**[2](index=2&type=chunk) [Financial Highlights](index=2&type=section&id=1.2%20Financial%20Highlights) During the review period, the company reported revenue of approximately **HK$32,469 thousand**, a net profit after tax of approximately **HK$3,662 thousand**, with no dividends declared for the period Key Financial Metrics | Indicator | Amount (HK$'000) | | :--- | :--- | | Revenue | 32,469 | | Net Profit After Tax | 3,662 | | Dividends Declared | None | [Financial Performance and Analysis](index=6&type=section&id=II.%20Financial%20Performance%20and%20Analysis) This section provides a detailed analysis of the company's financial performance, including consolidated statements of profit or loss, comprehensive income, financial position, changes in equity, and cash flows [Condensed Consolidated Statement of Profit or Loss](index=6&type=section&id=2.1%20Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss) For the six months ended June 30, 2025, the company reported revenue of **HK$32,469 thousand**, gross profit of **HK$9,208 thousand**, profit for the period of **HK$3,662 thousand**, and profit attributable to owners of the parent of **HK$3,948 thousand**, with basic and diluted earnings per share of **HK$0.09 cents**, showing significant growth from the prior year Condensed Consolidated Statement of Profit or Loss (HK$'000) | Indicator | 2025 (HK$'000) | 2024 (HK$'000) | Change | | :--- | :--- | :--- | :--- | | Revenue | 32,469 | 31,472 | +3.17% | | Cost of Sales | (23,261) | (22,773) | +2.14% | | Gross Profit | 9,208 | 8,699 | +5.85% | | Other Income and Gains | 11,143 | 4,730 | +135.58% | | Selling and Distribution Expenses | (4,579) | (5,048) | -9.29% | | Administrative Expenses | (17,446) | (16,235) | +7.46% | | Net Reversal of Impairment Loss on Contract Assets | 8,634 | 6,065 | +42.36% | | Finance Costs | (1,531) | (1,817) | -15.74% | | Profit (Loss) Before Tax | 3,835 | (2,803) | Turned from loss to profit | | Profit for the Period | 3,662 | 159 | +2203.14% | | Profit Attributable to Owners of the Parent | 3,948 | 176 | +2143.18% | | Basic and Diluted Earnings Per Share (HK cents) | 0.09 | 0.003 | +2900% | [Condensed Consolidated Statement of Comprehensive Income](index=7&type=section&id=2.2%20Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) For the six months ended June 30, 2025, the company's total comprehensive income for the period was **HK$7,543 thousand**, a significant improvement from the prior year's loss of **HK$1,787 thousand**, primarily driven by positive exchange differences and share of other comprehensive income from associates Condensed Consolidated Statement of Comprehensive Income (HK$'000) | Indicator | 2025 (HK$'000) | 2024 (HK$'000) | Change | | :--- | :--- | :--- | :--- | | Profit for the Period | 3,662 | 159 | +2203.14% | | Exchange Differences Arising from Translation of Overseas Operations | 993 | (1,451) | Turned from negative to positive | | Share of Other Comprehensive Income (Loss) of Associates | 3,110 | (157) | Turned from negative to positive | | Total Comprehensive Income (Loss) for the Period | 7,543 | (1,787) | Turned from loss to profit | [Condensed Consolidated Statement of Financial Position](index=8&type=section&id=2.3%20Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the company's total assets were **HK$834,237 thousand**, total liabilities were **HK$541,422 thousand**, and net assets were **HK$292,816 thousand**, showing an improvement in net current liabilities and an increase in net assets compared to December 31, 2024 Condensed Consolidated Statement of Financial Position (HK$'000) | Indicator | June 30, 2025 (HK$'000) | December 31, 2024 (HK$'000) | Change | | :--- | :--- | :--- | :--- | | Total Non-Current Assets | 393,950 | 398,982 | -1.26% | | Total Current Assets | 440,285 | 457,820 | -3.83% | | Total Current Liabilities | 446,199 | 467,988 | -4.66% | | Net Current (Liabilities) | (5,914) | (10,168) | Improved by 41.83% | | Net Assets | 292,816 | 284,100 | +3.07% | | Total Equity | 292,816 | 284,100 | +3.07% | [Condensed Consolidated Statement of Changes in Equity](index=10&type=section&id=2.4%20Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) For the six months ended June 30, 2025, the company's total equity increased from **HK$284,100 thousand** to **HK$292,816 thousand**, primarily due to profit for the period, an increase in exchange fluctuation reserve, and the impact of treasury share sales and repurchases Condensed Consolidated Statement of Changes in Equity (HK$'000) | Indicator | January 1, 2025 (HK$'000) | June 30, 2025 (HK$'000) | Change | | :--- | :--- | :--- | :--- | | Total Equity Attributable to Owners of the Parent | 266,042 | 274,775 | +3.28% | | Non-Controlling Interests | 18,058 | 18,042 | -0.09% | | Total Equity | 284,100 | 292,816 | +3.07% | - Profit for the period was **HK$3,948 thousand**, exchange fluctuation reserve increased by **HK$3,611 thousand**, sale of treasury shares contributed **HK$1,345 thousand**, and share repurchases reduced equity by **HK$171 thousand**[25](index=25&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=11&type=section&id=2.5%20Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) For the six months ended June 30, 2025, the company experienced a net cash outflow from operating activities of **HK$9,190 thousand**, a net cash inflow from investing activities of **HK$2,212 thousand**, and a net cash inflow from financing activities of **HK$1,175 thousand**, resulting in cash and cash equivalents of **HK$46,353 thousand** at period-end, a decrease from the beginning of the period Condensed Consolidated Statement of Cash Flows (HK$'000) | Indicator | 2025 (HK$'000) | 2024 (HK$'000) | Change | | :--- | :--- | :--- | :--- | | Net Cash from (Used in) Operating Activities | (9,190) | (14,331) | Improved by 35.88% | | Net Cash from Investing Activities | 2,212 | 937 | +136.07% | | Net Cash from (Used in) Financing Activities | 1,175 | – | Turned from negative to positive | | Net Increase (Decrease) in Cash and Cash Equivalents | (5,803) | (13,394) | Improved by 56.67% | | Cash and Cash Equivalents at End of Period | 46,353 | 53,110 | -12.72% | [Financial Review](index=2&type=section&id=2.6%20Financial%20Review) This section outlines the company's financial performance for the six months ended June 30, 2025, showing a slight revenue increase, significant profit growth driven by improved gross margin, increased other income, and contributions from associates, alongside reduced selling expenses and higher administrative costs - Revenue slightly increased by **3.17%** year-on-year, reaching **HK$32,469 thousand**[7](index=7&type=chunk) - Profit for the period significantly grew to **HK$3,662 thousand** from **HK$159 thousand** in the prior year, primarily driven by an increase in gross margin, other income, and share of profits from associates/joint ventures[8](index=8&type=chunk) - Other income and gains surged by **135.58%** to **HK$11,143 thousand**, mainly due to the recognition of **HK$6,510 thousand** in government subsidies[8](index=8&type=chunk) - Selling and distribution expenses decreased year-on-year, while administrative expenses rose by **7.46%** due to increased legal service fees[8](index=8&type=chunk) [Revenue and Gross Profit](index=16&type=section&id=2.6.1%20Revenue%20and%20Gross%20Profit) For the six months ended June 30, 2025, the company's total revenue was **HK$32,469 thousand**, comprising **HK$29,687 thousand** from contracts with customers and **HK$2,782 thousand** from rental income, with shallow geothermal energy business contributing the majority of contract revenue from construction services in mainland China Revenue by Source (HK$'000) | Revenue Source | 2025 (HK$'000) | 2024 (HK$'000) | Change | | :--- | :--- | :--- | :--- | | Contract Revenue with Customers | 29,687 | 31,252 | -5.01% | | Rental Income | 2,782 | 220 | +1164.55% | | **Total Revenue** | **32,469** | **31,472** | **+3.17%** | Contract Revenue by Type (2025) (HK$'000) | Contract Revenue Type (2025) | Shallow Geothermal Energy (HK$'000) | Air Source/Shallow Geothermal Heat Pumps (HK$'000) | Total (HK$'000) | | :--- | :--- | :--- | :--- | | Sale of Industrial Products | – | 101 | 101 | | Construction Services | 29,586 | – | 29,586 | | **Total Contract Revenue** | **29,586** | **101** | **29,687** | - The shallow geothermal energy segment contributed **HK$29,586 thousand** in construction service revenue, primarily from mainland China, with revenue recognized over time as services are transferred[36](index=36&type=chunk) [Other Income and Gains](index=18&type=section&id=2.6.2%20Other%20Income%20and%20Gains) For the six months ended June 30, 2025, total other income and gains significantly increased to **HK$11,143 thousand** from **HK$4,730 thousand** in the prior year, primarily driven by **HK$6,519 thousand** in subsidy income and **HK$2,283 thousand** in dividend income Other Income and Gains (HK$'000) | Other Income Type | 2025 (HK$'000) | 2024 (HK$'000) | Change | | :--- | :--- | :--- | :--- | | Interest Income | 1,570 | 1,749 | -10.35% | | Dividend Income from Equity Investments | 2,283 | 1,221 | +87.00% | | Subsidy Income | 6,519 | – | New | | Others | 771 | 1,695 | -54.51% | | **Total Other Income** | **11,143** | **4,730** | **+135.58%** | [Selling and Administrative Expenses](index=3&type=section&id=2.6.3%20Selling%20and%20Administrative%20Expenses) For the six months ended June 30, 2025, selling and distribution expenses decreased year-on-year due to enhanced cost control, while administrative expenses increased by **7.46%** primarily due to higher legal service fees - Selling and distribution expenses decreased from **HK$5,048 thousand** to **HK$4,579 thousand**, mainly due to enhanced cost control[8](index=8&type=chunk) - Administrative expenses increased from **HK$16,235 thousand** to **HK$17,446 thousand**, a rise of **HK$1,211 thousand** or **7.46%**, primarily due to increased legal service fees[8](index=8&type=chunk) [Finance Costs](index=19&type=section&id=2.6.4%20Finance%20Costs) For the six months ended June 30, 2025, finance costs amounted to **HK$1,408 thousand**, primarily consisting of interest on lease liabilities, representing a decrease from the prior year Finance Costs (HK$'000) | Finance Cost Type | 2025 (HK$'000) | 2024 (HK$'000) | Change | | :--- | :--- | :--- | :--- | | Interest on Bank and Other Borrowings | – | 392 | -100% | | Interest on Lease Liabilities | 1,408 | 1,425 | -1.19% | | **Total Finance Costs** | **1,408** | **1,817** | **-22.40%** | [Income Tax Expense](index=19&type=section&id=2.6.5%20Income%20Tax%20Expense) The Group is exempt from income tax in the Cayman Islands and BVI, and has no assessable profits for Hong Kong profits tax, while mainland China subsidiaries are subject to a **25%** corporate income tax rate, with some high-tech enterprises enjoying a **15%** preferential rate, resulting in an income tax expense of **HK$173 thousand** for the period, compared to a negative value in the prior year due to over-provision - The Cayman Islands, British Virgin Islands, and Hong Kong are exempt from income tax[42](index=42&type=chunk)[43](index=43&type=chunk) - Mainland China subsidiaries are subject to a **25%** corporate income tax rate, with high-tech enterprises enjoying a **15%** preferential tax rate[43](index=43&type=chunk)[44](index=44&type=chunk) Income Tax Expense (HK$'000) | Income Tax Expense | 2025 (HK$'000) | 2024 (HK$'000) | Change | | :--- | :--- | :--- | :--- | | Current – Mainland China | 173 | 53 | +226.42% | | Over-provision in Prior Years | – | (3,015) | Turned from negative to zero | | **Total Tax Charged for the Period** | **173** | **(2,962)** | **Turned from negative to positive** | [Profit for the Period and Earnings Per Share](index=20&type=section&id=2.6.6%20Profit%20for%20the%20Period%20and%20Earnings%20Per%20Share) For the six months ended June 30, 2025, profit for the period was **HK$3,662 thousand**, profit attributable to ordinary equity holders of the parent was **HK$3,948 thousand**, and basic and diluted earnings per share were **HK$0.09 cents**, representing a significant improvement from the prior year, with no dividends declared for the period Profit and Earnings Per Share (HK$'000) | Indicator | 2025 (HK$'000) | 2024 (HK$'000) | Change | | :--- | :--- | :--- | :--- | | Profit (Loss) Attributable to Ordinary Equity Holders of the Parent | 3,948 | 176 | +2143.18% | | Basic and Diluted Earnings Per Share (HK cents) | 0.09 | 0.003 | +2900% | - No dividends were declared for the period[47](index=47&type=chunk) [Operating Segments and Business Development](index=12&type=section&id=III.%20Operating%20Segments%20and%20Business%20Development) This section details the company's principal activities and operating segments, including shallow geothermal energy, air source/shallow geothermal heat pumps, property investment, and securities trading, along with a review of business strategies and future outlook [Company Information and Principal Activities](index=12&type=section&id=3.1%20Company%20Information%20and%20Principal%20Activities) China Everbright Greentech Group Limited is incorporated in the Cayman Islands, listed on the Hong Kong Stock Exchange GEM, with principal activities including providing, installing, and maintaining shallow geothermal energy utilization systems, selling air source/shallow geothermal heat pump products, property investment, and securities trading - The company is incorporated in the Cayman Islands, with shares listed on the GEM of the Hong Kong Stock Exchange[27](index=27&type=chunk) - Principal activities include shallow geothermal energy systems, air source/shallow geothermal heat pump product sales, property investment, and securities trading[29](index=29&type=chunk) [Operating Segment Information](index=13&type=section&id=3.2%20Operating%20Segment%20Information) The company is organized into four operating segments: shallow geothermal energy, air source/shallow geothermal heat pumps, property investment and development, and securities investment and trading, with management monitoring segment performance for resource allocation and evaluation - The company is divided into four operating segments: shallow geothermal energy, air source/shallow geothermal heat pumps, property investment and development, and securities investment and trading[32](index=32&type=chunk) - Segment results are assessed based on adjusted profit/loss before tax, excluding profit/loss from associates/joint ventures, interest income, certain other income, administrative costs, and non-lease finance costs[30](index=30&type=chunk) [Segment Revenue and Results](index=14&type=section&id=3.2.1%20Segment%20Revenue%20and%20Results) For the six months ended June 30, 2025, the shallow geothermal energy segment contributed the majority of external revenue and segment results, while the property investment and development segment showed significant revenue growth, and the securities investment and trading segment generated no revenue Segment Revenue and Results (HK$'000) | Segment | 2025 Revenue (HK$'000) | 2024 Revenue (HK$'000) | 2025 Results (HK$'000) | 2024 Results (HK$'000) | | :--- | :--- | :--- | :--- | :--- | | Shallow Geothermal Energy | 29,586 | 30,617 | 10,059 | 9,185 | | Air Source/Shallow Geothermal Heat Pumps | 101 | 635 | 18 | 635 | | Property Investment and Development | 2,782 | 220 | 1,254 | 220 | | Securities Investment and Trading | – | – | – | – | | **Total (External Sales)** | **32,469** | **31,472** | **11,331** | **9,500** | - Shallow geothermal energy segment revenue slightly decreased, but segment results improved, while property investment and development segment revenue and results both significantly increased[33](index=33&type=chunk) [Segment Assets and Liabilities](index=15&type=section&id=3.2.2%20Segment%20Assets%20and%20Liabilities) As of June 30, 2025, the shallow geothermal energy segment and property investment and development segment constituted the primary components of assets and liabilities, with both total segment assets and liabilities decreasing compared to June 30, 2024 Segment Assets and Liabilities (HK$'000) | Segment | June 30, 2025 Assets (HK$'000) | June 30, 2024 Assets (HK$'000) | June 30, 2025 Liabilities (HK$'000) | June 30, 2024 Liabilities (HK$'000) | | :--- | :--- | :--- | :--- | :--- | | Shallow Geothermal Energy | 268,356 | 569,572 | 275,206 | 587,798 | | Air Source/Shallow Geothermal Heat Pumps | 6 | 7,955 | – | 23,107 | | Property Investment and Development | 487,891 | 485,484 | 87,253 | 331,659 | | Securities Investment and Trading | 60,426 | 314,484 | 8,990 | 9,870 | | **Total Segment Assets** | **816,679** | **1,377,496** | **371,449** | **952,434** | - Shallow geothermal energy segment assets and liabilities significantly decreased, and securities investment and trading segment assets also notably declined[34](index=34&type=chunk) [Contract Status](index=3&type=section&id=3.3%20Contract%20Status) As of June 30, 2025, the Group's value of contracts on hand was approximately **HK$80,000 thousand**, a significant increase from the prior year Value of Contracts on Hand (HK$'000) | Indicator | June 30, 2025 (HK$'000) | June 30, 2024 (HK$'000) | Change | | :--- | :--- | :--- | :--- | | Value of Contracts on Hand | 80,000 | 50,000 | +60% | [Business Review and Outlook](index=4&type=section&id=3.4%20Business%20Review%20and%20Outlook) During the review period, the Group improved gross margin through cost control and optimized design, actively promoting an exclusive agency system for geothermal heat pump projects, focusing on core business, strengthening project and financial management, and benefiting from national policy support for renewable energy - The Group achieved an increase in gross margin by rigorously controlling costs and optimizing design[17](index=17&type=chunk) - An exclusive agency system for high-efficiency clean heating projects using geothermal heat pumps was implemented to expand market reach[18](index=18&type=chunk) - The Group focused on its core business, strengthened project management and independent accounting systems, and enhanced financial management to mitigate risks[18](index=18&type=chunk) - National policies, such as the "Guiding Opinions on Vigorously Implementing Renewable Energy Substitution Actions," provide favorable support for the Group's promotion of shallow geothermal energy[18](index=18&type=chunk) - The Board of Directors led the Group to achieve a "U-shaped reversal," promoting the high-quality development of the emerging industry of geothermal heat pump clean heating and cooling integration in northern winters[19](index=19&type=chunk) [Financial Position and Management](index=3&type=section&id=IV.%20Financial%20Position%20and%20Management) This section covers the company's liquidity, capital structure, gearing ratio, asset pledges, contingent liabilities, material acquisitions and disposals, financial policies, and trade receivables and payables [Liquidity, Capital Structure, and Gearing Ratio](index=3&type=section&id=4.1%20Liquidity%2C%20Capital%20Structure%2C%20and%20Gearing%20Ratio) As of June 30, 2025, the Group's net current liabilities improved to approximately **HK$5,914 thousand** from **HK$10,168 thousand** on December 31, 2024, with cash and cash equivalents of **HK$46,353 thousand** and a gearing ratio decreasing to **46%** from **49%** Liquidity, Capital Structure, and Gearing Ratio (HK$'000) | Indicator | June 30, 2025 (HK$'000) | December 31, 2024 (HK$'000) | Change | | :--- | :--- | :--- | :--- | | Net Current Liabilities | 5,914 | 10,168 | Improved by 41.83% | | Cash and Cash Equivalents | 46,353 | 52,586 | -11.95% | | Gearing Ratio | 46% | 49% | Decreased by 3 percentage points | [Pledge of Assets and Contingent Liabilities](index=4&type=section&id=4.2%20Pledge%20of%20Assets%20and%20Contingent%20Liabilities) As of June 30, 2025, the Group had no pledge of assets or significant contingent liabilities - As of June 30, 2025, the Group had no pledge of assets[12](index=12&type=chunk) - As of June 30, 2025, the Group had no significant contingent liabilities[15](index=15&type=chunk) [Material Acquisitions and Disposals](index=4&type=section&id=4.3%20Material%20Acquisitions%20and%20Disposals) For the six months ended June 30, 2025, the Group did not engage in any material acquisition or disposal activities - During the review period, the Group had no material acquisitions or disposals[13](index=13&type=chunk) [Financial Policy](index=4&type=section&id=4.4%20Financial%20Policy) The Group adopts a conservative treasury policy, holding all monetary funds in Hong Kong dollars or the local currency of its subsidiaries' operating locations to minimize foreign exchange risk - A conservative treasury policy is adopted, holding funds in HKD or local currencies to minimize foreign exchange risk[14](index=14&type=chunk) [Trade and Other Receivables and Payables](index=21&type=section&id=4.5%20Trade%20and%20Other%20Receivables%20and%20Payables) This section details the aging analysis of trade receivables and payables, noting the company's strict monitoring of outstanding receivables with no significant credit risk concentration, and trade payables and bills payable generally settled within six months - The company primarily conducts transactions with customers on credit, typically with a three-month credit period, and strictly monitors outstanding receivables[51](index=51&type=chunk) - Trade receivables are non-interest bearing and have no significant concentration of credit risk[51](index=51&type=chunk) - Trade payables and bills payable are interest-free and generally settled within six months[53](index=53&type=chunk) [Trade Receivables](index=21&type=section&id=4.5.1%20Trade%20Receivables) As of June 30, 2025, net trade receivables amounted to **HK$3,174 thousand**, a decrease from **HK$4,811 thousand** on December 31, 2024, with the highest proportion of receivables aged within 90 days Trade Receivables (HK$'000) | Indicator | June 30, 2025 (HK$'000) | December 31, 2024 (HK$'000) | Change | | :--- | :--- | :--- | :--- | | Net Trade Receivables | 3,174 | 4,811 | -34.02% | Trade Receivables Aging Analysis (HK$'000) | Aging | June 30, 2025 (HK$'000) | December 31, 2024 (HK$'000) | | :--- | :--- | :--- | | Within 90 days | 2,433 | 3,997 | | 91 to 180 days | 89 | 116 | | 181 to 365 days | 297 | 282 | | Over 365 days | 355 | 416 | | **Total** | **3,174** | **4,811** | [Trade Payables and Bills Payable](index=22&type=section&id=4.5.2%20Trade%20Payables%20and%20Bills%20Payable) As of June 30, 2025, total trade payables and bills payable amounted to **HK$119,596 thousand**, a decrease from **HK$139,369 thousand** on December 31, 2024, with the largest proportion of payables aged over 365 days Trade Payables and Bills Payable (HK$'000) | Indicator | June 30, 2025 (HK$'000) | December 31, 2024 (HK$'000) | Change | | :--- | :--- | :--- | :--- | | Trade Payables and Bills Payable | 119,596 | 139,369 | -14.20% | Trade Payables and Bills Payable Aging Analysis (HK$'000) | Aging | June 30, 2025 (HK$'000) | December 31, 2024 (HK$'000) | | :--- | :--- | :--- | | Within 90 days | 15,271 | 22,968 | | 91 to 180 days | 13,587 | 13,867 | | 181 to 365 days | 11,884 | 17,048 | | Over 365 days | 78,854 | 85,486 | | **Total** | **119,596** | **139,369** | [Share Capital and Capital Commitments](index=22&type=section&id=4.6%20Share%20Capital%20and%20Capital%20Commitments) As of June 30, 2025, the company's issued and fully paid ordinary share capital remained at **HK$353,043 thousand**, consistent with December 31, 2024, with no significant capital commitments at the end of the reporting period Share Capital (HK$'000) | Indicator | June 30, 2025 (HK$'000) | December 31, 2024 (HK$'000) | | :--- | :--- | :--- | | Issued and Fully Paid Ordinary Share Capital | 353,043 | 353,043 | - At the end of the reporting period, the Group had no significant capital commitments[55](index=55&type=chunk) [Shareholders and Corporate Governance](index=24&type=section&id=V.%20Shareholders%20and%20Corporate%20Governance) This section details the interests of directors, chief executives, and substantial shareholders, outlines share schemes, directors' securities transactions, corporate governance code compliance, audit committee activities, and updates on directors' information, as well as share repurchases and sales of treasury shares [Directors' and Chief Executive's Interests](index=24&type=section&id=5.1%20Directors%27%20and%20Chief%20Executive%27s%20Interests) As of June 30, 2025, several directors and the chief executive held long positions in the company's shares, with Mr. Xu Shengheng and his spouse holding **15.99%**, Ms. Liu Ening holding **5.59%**, and Mr. Zhang Yiying and his controlled corporations holding **5.65%**, while Mr. Wu Qiang resigned as an independent non-executive director on March 28, 2025 Directors' and Chief Executive's Interests in Shares | Name | Number of Shares Held | % of Voting Shares | | :--- | :--- | :--- | | Mr. Xu Shengheng (Beneficial Owner + Spouse's Interest) | 723,153,400 | 15.99% | | Ms. Liu Ening (Beneficial Owner) | 253,000,000 | 5.59% | | Mr. Zhang Yiying (Beneficial Owner + Controlled Corporation's Interest) | 255,504,000 | 5.65% | | Mr. Wu Qiang (Beneficial Owner) | 5,000,000 | 0.11% | | Mr. Guan Chenghua (Beneficial Owner) | 5,000,000 | 0.11% | | Mr. Yang Mingzhong (Beneficial Owner) | 1,760,000 | 0.04% | - Mr. Wu Qiang resigned as an independent non-executive director on **March 28, 2025**[61](index=61&type=chunk) - Other directors, Mr. Liao Yuan, Mr. Dai Qi, Mr. Zhang Honghai, and Mr. Guo Guanglei, held no interests in the company's shares at period-end[62](index=62&type=chunk) [Substantial Shareholders' and Other Persons' Interests](index=25&type=section&id=5.2%20Substantial%20Shareholders%27%20and%20Other%20Persons%27%20Interests) As of June 30, 2025, China Everbright Greentech (Hong Kong) Investment Co., Ltd. and its parent, China Everbright Greentech Group Co., Ltd., were the largest substantial shareholders, holding **26.30%** of the company's shares, with Ms. Lu Haiwen, Mr. Wang Zhiyu, and Ms. Wang Xinmeng holding shares through spouse's interests Substantial Shareholders' and Other Persons' Interests in Shares | Name | Number of Shares Held | % of Voting Shares | | :--- | :--- | :--- | | China Everbright Greentech (Hong Kong) Investment Co., Ltd. | 1,190,000,000 | 26.30% | | China Everbright Greentech Group Co., Ltd. | 1,190,000,000 | 26.30% | | Ms. Lu Haiwen (Spouse's Interest) | 723,153,400 | 15.99% | | Mr. Wang Zhiyu (Spouse's Interest) | 253,000,000 | 5.59% | | Ms. Wang Xinmeng (Spouse's Interest) | 255,504,000 | 5.65% | | Universal Zone Limited | 250,000,000 | 5.53% | - The company is not aware of any substantial shareholders or other persons holding long or short positions in equity derivatives such as share options, warrants, or convertible bonds[66](index=66&type=chunk)[67](index=67&type=chunk) [Share Schemes](index=26&type=section&id=5.3%20Share%20Schemes) The company adopted an Option Scheme and a Share Award Scheme on September 6, 2024, both valid for ten years, with no options or awarded shares granted under these schemes as of June 30, 2025, and a total of **452,692,516 shares** available for grant under each scheme - The 2024 Option Scheme and Share Award Scheme were adopted on **September 6, 2024**, with a ten-year validity period[68](index=68&type=chunk) - As of June 30, 2025, no options or awarded shares have been granted under these schemes[70](index=70&type=chunk) - The total number of shares available for grant under each scheme is **452,692,516 shares**[70](index=70&type=chunk) [Directors' Securities Transactions](index=28&type=section&id=5.4%20Directors%27%20Securities%20Transactions) The company has not adopted a code for directors' securities transactions, but inquiries confirmed that no directors failed to comply with the GEM Listing Rules' dealing restrictions and code of conduct for directors' securities transactions during the review period - The company has not adopted a code for directors' securities transactions, but directors complied with the GEM Listing Rules' dealing restrictions during the review period[74](index=74&type=chunk) [Corporate Governance Code](index=28&type=section&id=5.5%20Corporate%20Governance%20Code) During the review period, the company complied with all code provisions of Appendix C1 to the GEM Listing Rules' Corporate Governance Code, except for Mr. Liao Yuan, a non-executive director, who did not attend the Annual General Meeting due to other commitments - The company complied with the Corporate Governance Code, except for non-executive director Mr. Liao Yuan's absence from the Annual General Meeting[75](index=75&type=chunk) [Audit Committee](index=27&type=section&id=5.6%20Audit%20Committee) The Audit Committee, composed of three independent non-executive directors, is responsible for reviewing and overseeing the Group's financial reporting, risk management, and internal control systems; Mr. Guo Guanglei was appointed to the committee following Mr. Wu Qiang's resignation, and the committee has reviewed these interim results - The Audit Committee comprises three independent non-executive directors, responsible for financial reporting, risk management, and internal controls[73](index=73&type=chunk) - Following Mr. Wu Qiang's resignation, Mr. Guo Guanglei was appointed as an independent non-executive director and joined the Audit Committee[73](index=73&type=chunk) [Update on Directors' Information](index=28&type=section&id=5.7%20Update%20on%20Directors%27%20Information) Mr. Wu Qiang resigned as an independent non-executive director and from several committee positions on March 28, 2025, and Mr. Guo Guanglei was appointed to succeed him on the same date - Mr. Wu Qiang resigned as an independent non-executive director and from related committee positions on **March 28, 2025**[78](index=78&type=chunk) - Mr. Guo Guanglei was appointed as an independent non-executive director and chairman of related committees on **March 28, 2025**[78](index=78&type=chunk) [Repurchase, Redemption or Sale of the Company's Listed Securities](index=28&type=section&id=5.8%20Repurchase%2C%20Redemption%20or%20Sale%20of%20the%20Company%27s%20Listed%20Securities) During the review period, the company repurchased a total of **4,080,000 shares** under the 2024 and 2025 repurchase mandates for a total consideration of **HK$170,864**, with an additional **6,112,000 shares** repurchased post-period, and **22,416,000 treasury shares** sold to an independent third party on April 17, 2025, with proceeds used for general working capital - Directors were granted a 2025 repurchase mandate to repurchase up to **10%** of the total issued shares[79](index=79&type=chunk) - For the six months ended June 30, 2025, the company repurchased a total of **4,080,000 shares** for a total consideration of **HK$170,864**[80](index=80&type=chunk) - Subsequent to June 30, 2025, and up to the announcement date, the company repurchased an additional **6,112,000 shares** for a total consideration of **HK$244,048**[80](index=80&type=chunk) - On April 17, 2025, the company sold **22,416,000 treasury shares** to an independent third party at a premium of approximately **53.85%** to the market price, with net proceeds used for general working capital[82](index=82&type=chunk) [Share Repurchases](index=29&type=section&id=5.8.1%20Share%20Repurchases) During the review period, the company repurchased a total of **4,080,000 shares** under the 2024 and 2025 repurchase mandates for a total consideration of **HK$170,864**, with an additional **6,112,000 shares** repurchased post-period, held as treasury shares to provide financial flexibility Share Repurchases (HKD) | Repurchase Period | Number of Shares Repurchased | Total Consideration (HKD) | | :--- | :--- | :--- | | January 2025 (2024 Mandate) | 1,064,000 | 47,704 | | May 2025 (2025 Mandate) | 1,744,000 | 73,352 | | June 2025 (2025 Mandate) | 1,272,000 | 49,808 | | **Total During Review Period** | **4,080,000** | **170,864** | | July 2025 (Post-Period) | 6,112,000 | 244,048 | - Repurchased shares are held as treasury shares to provide financial flexibility, potentially for resale or share schemes[81](index=81&type=chunk) [Sale of Treasury Shares](index=30&type=section&id=5.8.2%20Sale%20of%20Treasury%20Shares) On April 17, 2025, the company sold **22,416,000 treasury shares** to an independent third party, Mr. Long Yun, at **HK$0.06 per share**, representing a premium of approximately **53.85%** to the market price, with net proceeds of approximately **HK$300,651.01** allocated for general working capital - On April 17, 2025, **22,416,000 treasury shares** were sold at **HK$0.06 per share**, representing a premium of approximately **53.85%** to the market price[82](index=82&type=chunk) - Net proceeds from the sale, approximately **HK$300,651.01**, will be used for general working capital[82](index=82&type=chunk) Treasury Shares (Shares) | Indicator | January 1, 2025 (Shares) | June 30, 2025 (Shares) | Date of this Announcement (Shares) | | :--- | :--- | :--- | :--- | | Number of Treasury Shares | 21,352,000 | 3,016,000 | 9,128,000 | [Notes and Supplementary Information](index=12&type=section&id=VI.%20Notes%20and%20Supplementary%20Information) This section provides details on the basis of preparation and accounting policies, related party transactions, fair value of financial instruments, competition and conflicts of interest, amendments to the company's memorandum and articles of association, and the change of auditor's registered name [Basis of Preparation and Accounting Policies](index=12&type=section&id=6.1%20Basis%20of%20Preparation%20and%20Accounting%20Policies) The condensed consolidated interim financial statements are prepared in Hong Kong dollars in accordance with Chapter 18 of the GEM Listing Rules and HKAS 34, with accounting policies consistent with the 2024 annual financial statements, and newly adopted HKFRSs effective from January 1, 2025, having no significant impact on the current period's results - Financial statements are prepared in Hong Kong dollars in accordance with Chapter 18 of the GEM Listing Rules and HKAS 34[28](index=28&type=chunk) - Accounting policies are consistent with the prior year, and newly adopted Hong Kong Financial Reporting Standards have no significant impact on the current period's results[28](index=28&type=chunk) [Related Party Transactions](index=22&type=section&id=6.2%20Related%20Party%20Transactions) The Group engaged in rental expense transactions with related parties during the review period and disclosed the total remuneration paid to key management personnel Related Party Transactions (HK$'000) | Transaction Type | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Rental Expenses to Related Parties | 330 | 330 | Key Management Personnel Remuneration (HK$'000) | Remuneration Type | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Short-term Employee Benefits | 3,956 | 3,820 | | **Total Remuneration Paid to Key Management Personnel** | **3,956** | **3,820** | [Fair Value of Financial Instruments](index=23&type=section&id=6.3%20Fair%20Value%20of%20Financial%20Instruments) This section presents the carrying amounts and fair values of the Group's financial instruments, noting that the carrying amounts of trade receivables, equity investments designated at fair value through other comprehensive income, and financial assets at fair value through profit or loss are approximate to their fair values Financial Assets Carrying and Fair Values (HK$'000) | Financial Asset | June 30, 2025 Carrying Amount (HK$'000) | December 31, 2024 Carrying Amount (HK$'000) | | :--- | :--- | :--- | | Trade Receivables, Non-Current Portion | 46,921 | 55,332 | | Equity Investments Designated at Fair Value Through Other Comprehensive Income | 55,500 | 54,661 | | Financial Assets at Fair Value Through Profit or Loss | 4,461 | 4,895 | | **Total** | **106,882** | **114,888** | - The carrying amounts of financial instruments are reasonably approximate to their fair values[59](index=59&type=chunk) [Competition and Conflicts of Interest](index=27&type=section&id=6.4%20Competition%20and%20Conflicts%20of%20Interest) None of the company's directors, substantial shareholders, or their respective associates are engaged in any business that competes or may compete with the Group's business, nor do they have any other conflicts of interest with the Group - Directors, substantial shareholders, and their associates have no competing business or conflicts of interest with the Group[72](index=72&type=chunk) [Amendments to the Company's Memorandum and Articles of Association](index=30&type=section&id=6.5%20Amendments%20to%20the%20Company%27s%20Memorandum%20and%20Articles%20of%20Association) At the Annual General Meeting on May 22, 2025, a special resolution was passed to approve and adopt new Memorandum and Articles of Association, primarily granting the company the power to hold and deal with treasury shares and incorporating administrative amendments for clarity - The new Articles grant the company the power to hold and deal with treasury shares and include administrative amendments for enhanced clarity[84](index=84&type=chunk) [Change of Auditor's Registered Name](index=31&type=section&id=6.6%20Change%20of%20Auditor's%20Registered%20Name) Effective June 30, 2025, the company's auditor's registered name changed from "CL Partners CPA Limited" to "Rongcheng (Hong Kong) CPA Limited" - The auditor's name has changed to "Rongcheng (Hong Kong) CPA Limited"[85](index=85&type=chunk)

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，並明確表示概不就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之任何損失承擔任何責任。 承董事局命 中國恒有源發展集團有限公司 聯席主席 徐生恒 董事局會議通告 本公告乃依據香港聯合交易所有限公司（「聯交所」）創業板證券上市規則（「創業 板上市規則」）第17.48條作出。 中國恒有源發展集團有限公司（「本公司」）之董事（「董事」）局（「董事局」）謹此宣 佈，本公司將於二零二五年八月二十六日假座香港中環干諾道中62-63號中興商業 大廈八樓舉行董事局會議，以（其中包括）考慮及批准本公司及其附屬公司截至二 零二五年六月三十日止六個月之未經審核中期業績，並考慮建議派付中期股息（如 有）。 香港，二零二五年八月十二日 於本公告日期，董事局由執行董事徐生恒先生及戴祺先生，非執行董事廖原先生、 劉婀寧女士及張軼穎先生，以及獨立非執行董事張虹海先生、關成華先生及郭光 磊先生組成。 本公告的資料乃遵照《香港聯合交易所有限公司的GEM證券上市規則》而刊載， 旨在提供有關發行人的資料；董事願就本公告的資料共同及個 ...

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: 中國恒有源發展集團有限公司 呈交日期: 2025年7月31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) | 08128 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 16,000,000,000 | USD | | 0.01 | USD | | 160,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 16,000,000,000 | USD | | 0.01 | USD | | 160,000,000 | 本月 ...