Group 1 - The core point of the article is that the shareholder, Deep Seige (000058), which holds 14.18% of Huakong Saige (000068), plans to reduce its stake by up to 30.2 million shares, representing no more than 3% of the company's total share capital [1] Group 2 - The reduction of shares will be executed through centralized bidding or block trading methods [1] - The announcement was made on the evening of September 10 [1]

Core Viewpoint - Shareholder Shen Saige plans to reduce its stake in Huakong Saige by selling up to 30,200,100 shares, representing no more than 3% of the company's total equity, due to operational needs [1] Group 1 - Shen Saige holds a 14.18% stake in Huakong Saige [1] - The share reduction will occur within three months after 15 trading days from the announcement date [1] - The shares to be sold are originally non-circulating shares that were released from restrictions due to a 2009 equity division reform [1]

股票代码：000068 股票简称：华控赛格 公告编号：2025-48 深圳华控赛格股份有限公司 关于持股5%以上股东计划减持股份预披露公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 特别提示：持有深圳华控赛格股份有限公司（以下简称"公司"）股份 142,792,846 股（占本公司总股本比例 14.18%）的股东深圳赛格股份有限公司（以 下简称"深赛格"）计划在本公告之日起 15 个交易日后的三个月内（即 2025 年 10 月 11 日-2025 年 12 月 31 日）以集中竞价方式或大宗交易方式减持本公司股 份不超过 30,200,100 股（占本公司总股本比例不超过 3%）。 一、深赛格的基本情况 （一）减持主体名称：深圳赛格股份有限公司； （二）减持主体持有股份的总数量、占公司总股本的比例：截至目前，深赛 格持有公司 142,792,846 股，占本公司总股本比例 14.18%。 二、本次减持计划的主要内容 公司于2025年9月10日收到股东深赛格的《深圳赛格股份有限公司关于计划 减持深圳华控赛格股份有限公司股份的告知函》，根据《上市公司自律 ...

Group 1 - The core point of the announcement is that Shenzhen Saige Co., Ltd., a shareholder holding 14.18% of Huakong Saige, plans to reduce its stake by selling up to 30.20 million shares, which represents no more than 3% of the company's total share capital [1] Group 2 - The planned reduction of shares will occur between October 11, 2025, and December 31, 2025, through centralized bidding or block trading methods [1] - The total number of shares held by Shenzhen Saige Co., Ltd. is 143 million [1]

Financial Performance - The company reported total revenue of 326 million yuan for the first half of 2025, an increase of 18.25% year-on-year [1] - The net profit attributable to shareholders was -88.78 million yuan, a decline of 63.5% compared to the previous year [1] - In Q2 2025, total revenue reached 190 million yuan, showing an impressive growth of 83.33% year-on-year [1] - The gross margin improved to 5.49%, up 27.99% year-on-year, while the net margin decreased to -26.86%, down 26.99% year-on-year [1] - The company’s operating cash flow per share increased significantly by 274.51% to 0.16 yuan [1] Financial Ratios and Metrics - The company's return on invested capital (ROIC) was 0.89% last year, indicating weak capital returns [3] - The historical median ROIC over the past decade was -0.02%, with a particularly poor performance in 2022 at -8.51% [3] - The ratio of accounts receivable to net profit reached an alarming 3268.72%, highlighting potential liquidity issues [1][3] Business Model and Operations - The company focuses on water environment management, urban water system services, sponge city construction, municipal design, EPC contracting, and engineering consulting [4] - It is actively expanding its business scope through acquisitions and integrating digital technologies to enhance traditional operations and explore new profit growth avenues [4]

Group 1 - The board of directors of Shenzhen Huakong Saige Co., Ltd. held its eighth meeting on August 27, 2025, via communication voting, with all 8 directors participating [1][2] - The board approved the 2025 semi-annual report, confirming its content is true, accurate, and complete, with no false records or misleading statements [1][2] - The board decided to adjust the corporate governance system, transferring certain powers from the supervisory board to the audit committee, and revised 22 related company regulations [2] Group 2 - The company agreed to extend financial assistance to four subsidiaries, with specific amounts and interest rates not exceeding 7.15%, and set new maturity dates ranging from December 2025 to May 2027 [2][3] - The board approved the dissolution of the Beijing branch to optimize resource allocation and reduce management costs, with one director opposing this decision due to concerns over repayment capabilities of subsidiaries [3] - The board scheduled the second extraordinary general meeting of shareholders for September 15, 2025 [3]

Company Overview - Shenzhen Huakong Seg Co., Ltd. was established in June 1997, approved by the Shenzhen Municipal Government, and is a spin-off from Shenzhen Zhongkang Glass Co., Ltd. [1] - The company specializes in the production of color cathode ray tube glass and has been recognized as a high-tech enterprise since 1995 [1]. Shareholding Structure - Samsung Corning acquired a controlling stake in the company through its subsidiary, Shenye Tengmei Co., Ltd., in June 1998 [2]. - The company underwent a share reform in 2007, increasing its registered capital to RMB 896,671,464.00 [2]. Recent Transactions - Samsung Corning transferred 156,103,049 shares, representing 17.41% of the total share capital, to Shenzhen Huarong Tai Asset Management Co., Ltd. [3]. - In January 2015, the company issued 110 million shares to Shenzhen Huarong Tai Asset Management Co., Ltd., increasing its total share capital to 1,006,671,500 shares [4]. Control and Ownership Changes - The actual controller of the company changed to Shanxi Provincial State-owned Capital Investment Operation Co., Ltd. after a series of transactions involving Huaron Tai [5]. - As of June 30, 2025, the company has a total issued share capital of 1,006,671,500 shares [5]. Industry and Services - The company operates in the public utility and environmental engineering sector, providing services such as sponge city construction, water engineering, smart water management, and environmental remediation [6].

Group 1 - The eighth meeting of the eighth supervisory board of Shenzhen Huakong Saige Co., Ltd. was held on August 27, 2025, via communication voting, with three supervisors participating [1] - The supervisory board confirmed the authenticity, accuracy, and completeness of the 2025 semi-annual report and agreed to disclose it in designated media [1] - The voting results were unanimous with 3 votes in favor, 0 against, and 0 abstentions [1] Group 2 - The company is adjusting its governance system to enhance operational standards and strengthen internal supervision and risk control, transferring relevant powers from the supervisory board to the audit committee of the board of directors [2] - The adjustments are based on the latest regulations from the Company Law of the People's Republic of China and the Guidelines for Articles of Association of Listed Companies [2] - The proposal requires approval from the shareholders' meeting, with voting results also being unanimous with 3 votes in favor, 0 against, and 0 abstentions [2]

Meeting Overview - The company held its eighth board meeting on August 27, 2025, to approve the proposal for the second extraordinary general meeting of shareholders in 2025 [1] - The meeting will take place on September 15, 2025, with a registration date of September 10, 2025 [1][2] - Shareholders can vote either in person or through an online voting system provided by the Shenzhen Stock Exchange [1][2] Voting Procedures - The online voting will be available from 9:15 AM to 3:00 PM on September 15, 2025 [1] - Shareholders must choose either in-person or online voting, with the first vote counted in case of duplicate submissions [1][2] - Specific procedures for online voting are detailed in the attached documents [5] Agenda Items - The meeting will review five proposals, with the requirement that at least two-thirds of the voting rights held by attending shareholders must approve the proposals [2] - Proposal 1.04 is a regular resolution that requires a simple majority for approval [2] Registration and Participation - Corporate shareholders must provide a business license, authorization letter, and identification for registration, while individual shareholders need to present their ID and shareholder account information [2][3] - Remote shareholders can register via mail or fax, but phone registrations are not accepted [2] Additional Information - The meeting will last half a day, and attendees are responsible for their own travel and accommodation expenses [4] - Contact information for the meeting is provided for any inquiries [4]

Core Viewpoint - The report highlights Shenzhen Huakong Seg Co., Ltd.'s financial performance for the first half of 2025, indicating a significant increase in revenue but continued net losses, alongside strategic business adjustments and asset management efforts [1][3][4]. Financial Performance - The company's operating revenue for the reporting period reached approximately 326.16 million yuan, representing an 18.25% increase compared to the previous year [3][8]. - The net profit attributable to shareholders was a loss of approximately 54.30 million yuan, which is a 63.50% increase in losses year-on-year [3][4]. - The basic earnings per share were reported at -0.0539 yuan, reflecting a 63.64% increase in losses compared to the same period last year [3][4]. Business Operations - The company has not experienced significant changes in its main business operations during the reporting period, focusing on market expansion and management optimization [4][8]. - The environmental water service sector is actively advancing three sponge city PPP projects in Qian'an, Suining, and Yuxi, with the Suining project completed and submitted for government audit [4][5]. - The company is transitioning its traditional construction business towards environmental engineering, aiming to enhance operational efficiency and support growth [5][6]. Strategic Adjustments - The company is restructuring its asset portfolio by acquiring stakes in subsidiaries and divesting non-core assets to improve operational focus and financial health [5][6]. - A significant acquisition of 60% control over Yunshuzhi Technology Co., Ltd. has been completed, integrating digital capabilities into the company's operations [9]. - The company is addressing historical disputes through legal channels to mitigate potential risks and ensure stable development [7]. Cost Management - Operating costs increased to approximately 308.24 million yuan, a 16.77% rise from the previous year, but the company has implemented measures to reduce sales and management expenses [8][9]. - Financial expenses decreased significantly by 48.19% due to a reduction in interest-bearing liabilities, contributing to improved cash flow from operating activities, which surged by 274.51% to approximately 165.48 million yuan [8][9]. Market Position - The construction segment saw a remarkable growth of 308.91%, contributing approximately 71.03 million yuan to total revenue, while the trade business accounted for 65.52% of total revenue [10]. - The company is focusing on enhancing its competitive edge in the environmental sector, leveraging its established technology and project experience [6][8].