Core Viewpoint - Yuehai Investment (00270.HK) reported a comprehensive revenue of HKD 18.825 billion for the fiscal year 2025, reflecting a 1.7% increase compared to 2024 [1] Financial Performance - The comprehensive profit attributable to the owners of the company for 2025 was HKD 4.656 billion, representing a significant increase of 48.2% from 2024 [1] - Basic earnings per share for 2025 were HKD 0.7122, indicating strong profitability growth [1] Dividend Announcement - The board of directors proposed a final dividend of HKD 0.1963 per share for the fiscal year 2025 [1]

Core Viewpoint - The company reported a revenue of HKD 18.825 billion for the year ending December 31, 2025, reflecting a year-on-year growth of 1.7% and a significant increase in profit attributable to shareholders by 48.2% to HKD 4.656 billion [1] Revenue Breakdown - The increase in revenue was primarily driven by growth in the water resources and property investment sectors, which offset declines in department store operations, road and bridge businesses, and power generation [1] Water Supply Project - The Dongshen Water Supply Project has an annual supply capacity of 2.423 billion tons, with total water supply to Hong Kong, Shenzhen, and Dongguan for the year being 2.078 billion tons, a decrease of 0.7% from 2024 [1] - The revenue generated from water supply was HKD 6.452 billion, an increase of 1.4% compared to HKD 6.360 billion in 2024 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於香港註冊成立之有限公司） （股份代號：00270） 建議更換核數師 本公告乃由粤海投資有限公司（「本公司」，連同其附屬公司統稱「本集 團」）董事會（「董事會」）根據香港聯合交易所有限公司證券上市規則 第 13.51(4)條作出。 核數師退任 為維持良好的企業管治常規，本公司應考慮在適當期間後輪換其核數師。 同時，不時檢討核數師委聘安排可提升本公司審計工作的獨立性，屬良好 企業管治的實踐，符合本公司及本公司股東（「股東」）的整體利益。經 考慮畢馬威會計師事務所（「畢馬威」）自 2022 年 6 月 23 日起已連續四 年擔任本公司核數師，董事會已檢討更換核數師的需要，故畢馬威將退任 本公司核數師，並將不會在本公司的應屆股東週年大會（「股東週年大 會」）上尋求連任為本公司之核數師。 董事會已收到畢馬威的確認函，當中畢馬威已確認，概無彼等認為就不再 擔任本公司核數師而需向本公司報告的事宜。董事會亦確認，本 ...

| 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 粤海投資有限公司 | | 股份代號 | 00270 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2025年12月31日止年度的末期股息 | | 公告日期 | 2026年3月30日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年12月31日 | | 宣派股息 | 每 股 0.1963 HKD | | 股東批准日期 | 2026年6月18日 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.1963 HKD | | 匯率 | 1 HKD : 1 HKD | | 除淨 ...

Financial Performance - Revenue from continuing operations for 2025 was HKD 18,824,908 thousand, representing a 1.7% increase from HKD 18,505,293 thousand in 2024[3] - Profit before tax increased by 11.5% to HKD 7,241,475 thousand in 2025, compared to HKD 6,493,854 thousand in 2024[3] - Net profit attributable to owners of the company from continuing operations was HKD 4,673,312 thousand, up from HKD 4,102,893 thousand, marking a 13.9% increase[5] - Basic earnings per share rose by 48.2% to HKD 71.22 cents in 2025, compared to HKD 48.06 cents in 2024[3] - The total comprehensive income for the year was HKD 6,710,247 thousand, significantly higher than HKD 1,885,557 thousand in 2024[6] Assets and Liabilities - Non-current assets totaled HKD 77,474,412 thousand, an increase from HKD 74,846,936 thousand in 2024[7] - Cash and bank balances increased to HKD 14,783,332 thousand from HKD 12,154,029 thousand, reflecting a strong liquidity position[7] - Total current assets for 2025 are HKD 24,266,648 thousand, a decrease from HKD 60,748,467 thousand in 2024[8] - Total current liabilities for 2025 amount to HKD 21,071,250 thousand, compared to HKD 55,737,907 thousand in 2024, indicating a significant reduction[8] - Total non-current liabilities decreased to HKD 22,530,744 thousand in 2025 from HKD 23,182,023 thousand in 2024[8] - Total equity for 2025 is HKD 58,139,066 thousand, an increase from HKD 56,675,473 thousand in 2024[8] Dividends - The proposed final dividend per share is HKD 19.63 cents, up from HKD 7.27 cents in the previous year[3] - The company completed a special dividend payment in the form of shares of Yuexiu Property on January 21, 2025[3] - The company proposed a special dividend in the form of shares from its holdings in Yuehai Land Holdings Limited, distributing 1,261,799,423 shares, representing approximately 99.9% of its holdings[10] Segment Performance - Water Resources segment revenue from external customers increased to HKD 14,139,556 in 2025 from HKD 13,511,006 in 2024, representing a growth of 4.6%[20] - Property Investment segment revenue from external customers rose to HKD 1,681,806 in 2025 compared to HKD 1,576,863 in 2024, marking an increase of 6.6%[20] - The Department Store Operations segment reported a revenue decline from external customers to HKD 447,972 in 2025 from HKD 861,612 in 2024, a decrease of 48.1%[20] - Hotel Operations and Management segment revenue from external customers increased to HKD 704,641 in 2025 from HKD 648,379 in 2024, reflecting a growth of 8.7%[21] Financial Health - The company reported a loss from discontinued operations of HKD 17,051 thousand, a significant improvement from a loss of HKD 960,755 thousand in 2024[5] - The company’s total liabilities decreased significantly, reflecting improved financial health and management of obligations[8] - The total liabilities for the company decreased to HKD 43,601,994 in 2025 from HKD 78,919,930 in 2024, indicating a significant reduction of approximately 44.40%[25] Investments and Capital Expenditures - Capital expenditures for the water resources division surged to HKD 4,652,136 in 2025, compared to HKD 1,192,852 in 2024, marking an increase of approximately 290.66%[23] - The total investment for a new water resource project in Maoming City, Guangdong Province, is estimated to be approximately RMB 667 million (equivalent to about HKD 738 million)[69] Operational Efficiency - The company is focused on enhancing its talent strategy to build a capable management team, aiming to improve market competitiveness and operational efficiency[99] - The company is enhancing its project management capabilities and optimizing products to improve investment returns amid intensified market competition[97] Risk Management - The company is actively managing foreign exchange risks by optimizing fund arrangements and adjusting project financing methods[96] - The company is facing increased macroeconomic risks due to rising trade barriers and geopolitical conflicts, impacting economic recovery prospects[95] Corporate Governance - The company is committed to corporate governance standards and has made efforts to comply with relevant regulations, despite temporary leadership vacancies[101][102] - The company is focused on continuous employee training to enhance compliance awareness and professional skills across various dimensions[100] Future Outlook - The group plans to focus on high-value areas within the water resources sector and optimize asset portfolios and resource allocation to enhance overall value[61] - The group aims to actively pursue market investment and acquisition opportunities to achieve new breakthroughs in profit growth[61]

Group 1 - The core point of the article is the appointment of Wang Min as the acting chairman of the board and the acting chairman of the nomination committee of Yuehai Investment, effective immediately after the relevant board meeting on March 30, 2026 [1]

（於 香 港註 冊 成立 的有 限 公司 ） (股份代號： 00270) | | | 董事委員會 | 審核 | 薪酬 | 提名 | | --- | --- | --- | --- | --- | --- | | 董事會 | | | 委員會 | 委員會 | 委員會 | | 執行董事 | | | | | | | 曠 虎先生 | （董事總經理） | | - | - | - | | 曾翰南先生 | （副總經理） | | - | - | - | | 梁元娟女士 | （財務總監） | | - | - | - | | 非執行董事 | | | | | | | 王 閔先生 | （代理主席） | | - | - | C | | 李文昌先生 | | | - | - | - | | 賀志鋒先生 | | | - | - | - | | 獨立非執行董事 | | | | | | | 陳祖澤博士 | | | M | C | M | | 金紫荊星章、太平紳士 | | | | | | | 馮華健先生 | | | M | M | M | | 銀紫荊星章、御用大律師、資深大律師、太平紳士 | | | | | | | 鄭慕智博士 | | | M | ...

Core Viewpoint - The company has announced the appointment of Mr. Wang Min as the acting chairman of the board and the acting chairman of the nomination committee, effective immediately after the board meeting scheduled for March 30, 2026 [1] Group 1 - Mr. Wang Min has been appointed as the acting chairman of the board [1] - Mr. Wang Min will also serve as the acting chairman of the nomination committee [1] - The appointment will take effect immediately after the board meeting on March 30, 2026 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於香港註冊成立之有限公司） （股份代號：00270） 委任董事會代理主席及提名委員會代理主席；及 符合《上市規則》第 3.27A 條之規定 董事會欣然宣佈本公司非執行董事王閔先生已獲委任為本公司董事會 代理主席及提名委員會代理主席，自 2026 年 3 月 30 日舉行的相關董事 會會議結束後即時生效。 粤海投資有限公司（「本公司」）董事會（「董事會」）欣然宣佈，本公 司非執行董事王閔先生（「王先生」）獲委任為董事會代理主席及提名委 員會代理主席，自 2026 年 3 月 30 日舉行的相關董事會會議結束後即時生 效，直至委任董事會新主席為止。 根據《香港聯合交易所有限公司證券上市規則》（「《上市規則》」）第 13.51(2)條的規定，以下為王先生的個人資料： 王閔先生，50 歲，於 2025 年 3 月 25 日獲委任為本公司非執行董事。彼持 有中國南方醫科大學（前稱中國人民解放軍第一軍醫大學）臨床 ...

Core Viewpoint - Guangdong Yuehai Investment (00270.HK) plans to sell a 35% stake in its associate company, Guangdong Aeon, through a public tender at the Guangdong Equity Exchange, with a minimum bid price of RMB 152 million [1] Group 1: Sale Details - The minimum bid price for the stake sale is set at RMB 152 million, with the final sale price depending on the bids received, but it will not be lower than this minimum amount [1] - If the sale is completed, the seller will no longer hold any equity in Guangdong Aeon [1] Group 2: Strategic Rationale - The board believes that the potential sale will help focus the group on its core business, particularly operations related to water resources, and optimize the asset structure [1] - There has been a declining trend in both the frequency and amount of cash dividends distributed by Guangdong Aeon in recent years [1]