香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性或完整性亦不發表任何聲明， 並明確表示，概不對因本公佈全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 2025 年全年業績 董事局主席報告 全年業績 2025 財政年度內，電能實業有限公司（下稱「電能實業」或「集團」）憑藉遍佈全球的優質 基建業務組合，取得強勁業績。來自營運的現金流增加 8%，充分展現雄厚資產基礎帶來的穩 健收入來源。 全球宏觀經濟環境持續動盪，地緣政局緊張加上通脹壓力帶來各種挑戰。在此等背景下，集 團多元的基建業務組合展現堅韌實力，專注投資受規管業務的核心策略行之有效，繼續為股 東提供理想回報。 截至 2025 年 12 月 31 日止年度，電能實業錄得純利港幣 62 億 3,600 萬元（2024 年：港幣 61 億 1,900 萬元），按年增長 2%。 英國業務 英國仍然是電能實業最大市場，當地業務錄得溢利貢獻合共港幣 32 億 1,000 萬元（2024 年： 港幣 31 億 9,900 萬元）。集團當地業務持續展現韌力，收益穩定。 UK Power Networks（UKPN）年 ...

格隆汇3月5日丨电能实业(00006.HK)宣布，本公司将于2026年3月18日（星期三）举行董事局会议，以 （除其他事项外）审阅本公司及其附属公司截至2025年12月31日止年度的业绩，及考虑派发末期股息。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等 內容而引致的任何損失承擔任何責任。 董事會召開日期 執行董事 ： 甄達安先生（主席）、蔡肇中先生（行政總裁）、陳來順 先生及鄭祖瀛先生 非執行董事 ： 梁匡舜先生、李澤鉅先生及麥堅先生 承董事局命 公司秘書 吳偉昌 香港，2026 年 3 月 5 日 於本公告日期，本公司董事為： 獨立非執行董事 ： 柏 聖 文 先 生 、 葉 毓 強 先 生 、 高 寶 華 女 士 及 關 志 堅 先 生 （2025年全年業績） 電能實業 有限公司 （ 「 本公司 」 ） 之董事 局 （ 「 董 事 局 」 ） 謹此宣佈， 本公司將於2026年3月18日（星期三）舉行董事局會議，以（除其他事項外） 審閱本公司及其附屬公司截至2025年12月31日止年度之業績，及考慮派發 末期股息。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年2月28日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 電能實業有限公司 | | | 呈交日期: | 2026年3月2日 | | | I. 法定/註冊股本變動 | 不適用 | | FF301 第 1 頁 共 10 頁 v 1.2.0 FF301 (A). 股份期權（根據發行人的股份期權計劃） 不適用 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 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) 00006 說明 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 2,131,105,154 0 2,131,105,154 增加 / 減少 (-) 0 0 本月底結存 2,131,105,154 0 2,131,105,154 足夠公眾持股量的確認(註4) | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《G ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of HKD 74.14 [7][5]. Core Insights - The sale of UKPN will enhance cash reserves, supporting the company's global expansion and acquisition capabilities [1][3]. - The company is expected to experience a profit gap of approximately HKD 300 million annually if one-time gains are excluded from the sale [2]. - The company plans to utilize the proceeds from the sale for new investments or acquisitions and general working capital [3]. Financial Projections - The company forecasts net profits attributable to shareholders of HKD 61.6 billion, HKD 65.7 billion, and HKD 68.7 billion for the years 2025-2027, respectively [5][11]. - The expected EPS for 2026 is HKD 3.08, with a projected PB ratio of 1.80x [5][11]. - The company anticipates an increase in returns from regulated assets entering a new regulatory period in 2026, which is expected to support future earnings growth [4][11].

Core Viewpoint - Cheung Kong Infrastructure and Cheung Kong Holdings announced a share purchase agreement for the sale of UK Power Networks Holdings Limited, with total cash consideration amounting to £105.48 million, subject to customary adjustments [1][2][3] Group 1: Transaction Details - The cash amount for Cheung Kong Infrastructure's share sale will be £42.192 billion, while for Power Assets Holdings, it will also be £42.192 billion, and for Cheung Kong Holdings, it will be £21.096 billion [1][2] - The total shares being sold represent 100% of the issued share capital of the target company [2] Group 2: Target Company Overview - UK Power Networks Holdings Limited operates electricity distribution networks in London, the South East, and East of England, covering approximately 192,000 kilometers and serving 8.5 million homes and businesses [2] - The company also operates non-regulated businesses through UK Power Networks Services, which includes designing, building, owning, and operating private networks for public and private sector clients [2] Group 3: Historical Context and Future Implications - Since acquiring its stake in the target group in 2010, Cheung Kong Infrastructure has seen significant growth in the target group, which has become a leading electricity distribution operator in the UK [3] - The board believes that this sale will allow Cheung Kong Infrastructure to realize its investment at an attractive valuation, generating substantial accounting gains and cash proceeds for future investments or acquisitions [3]

Core Viewpoint - Cheung Kong Infrastructure and Cheung Kong Group announced a share purchase agreement for the sale of UK Power Networks Holdings Limited, with total cash consideration amounting to £105.48 million, which will be adjusted according to the purchase agreement [1][2][3] Group 1: Transaction Details - The share purchase agreement involves the sale of 100% of the issued share capital of UK Power Networks Holdings Limited by its subsidiaries [2] - The cash consideration for Cheung Kong Infrastructure's shares is £42.192 billion, while for Power Assets Holdings it is also £42.192 billion, and for Cheung Kong's shares, it is £21.096 billion [1][2] - The transaction is set to occur after trading hours on February 25, 2026, in Hong Kong, London, and Paris [1] Group 2: Business Overview - UK Power Networks Holdings Limited operates electricity distribution networks in London, the southeast, and eastern England, covering approximately 192,000 kilometers and serving 8.5 million households and businesses [2] - The company also operates non-regulated businesses through UK Power Networks Services, which includes the design, construction, ownership, and operation of private networks [2] Group 3: Historical Context and Future Implications - Since acquiring its stake in the target group in 2010, Cheung Kong Infrastructure has seen significant growth in the company, which has become a leading electricity distribution operator in the UK [3] - The board of Cheung Kong Infrastructure believes that this sale will allow the group to realize its investment at an attractive valuation, generating substantial accounting gains and cash proceeds for future investments or acquisitions [3]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 根據購股協議，各賣方已同意個別出售其各自之出售股份，且買方已同意向該賣方購買 該等出售股份。出售股份合共佔目標公司已發行股本之 100%。 各賣方亦已同意出售或促使出售登記於相關股東債務票據持有人名下之各股東債務 票據，且買方已同意向該相關股東債務票據持有人購買各該等股東債務票據。 進行電能實業附屬公司出售事項之理由及裨益 本集團自 2010 年收購其於目標集團之權益以來，目標集團一直穩健轉型，現已成為英國 領先的配電網絡營運商，並持續為本公司提供穩定財務貢獻。於本集團投資期間內， 目標集團增長顯著。董事局認為，是次出售事項將使本集團得以按具吸引力之估值變現 其投資項目，獲得龐大會計收益及現金所得款項作日後投資或收購用途。 關連交易及主要交易 出售 UK POWER NETWORKS 出售事項 董事局公佈，於 2026 年 2 月 25 日香港、倫敦及巴黎交易時段之後及 2026 年 2 月 26 日 ...

Core Viewpoint - Both ZTE Corporation and Sunlord Electronics announced their intention to invest 200 million yuan as limited partners in the Guangdong-Hong Kong-Macao Greater Bay Area Venture Capital Guidance Fund [2][8]. Group 1: Fund Overview - The Guangdong-Hong Kong-Macao Fund was established on December 22, 2025, with a total scale of 50.45 billion yuan, focusing on areas supported by national policies such as new-generation information technology, biotechnology, high-end equipment manufacturing, new materials and new energy, and electronic hardware [5][7]. - The fund is one of three regional funds under the National Venture Capital Guidance Fund, which has a registered capital of 100 billion yuan and is fully owned by the Ministry of Finance [7]. - The fund aims to support seed and early-stage technology companies in strategic emerging industries and future industries, promoting original and disruptive technological innovation [7]. Group 2: Investment Strategy - The fund adopts a "sub-fund + direct investment" model, primarily targeting equity investments in strategic emerging industries [7]. - The fund's partners include notable entities such as the National Guidance Fund, which has committed 20 billion yuan, accounting for 39.64% of the total contributions [7][8]. - The investment strategy emphasizes long-term investments in hard technology, with a focus on achieving significant technological advancements and converting major scientific achievements into productive forces [7]. Group 3: Company Involvement - ZTE Corporation stated that its investment in the Guangdong-Hong Kong-Macao Fund supports the strategic execution of its core business and aims to achieve investment returns through quality industry investments [8]. - Sunlord Electronics indicated that its participation in the fund allows it to leverage the resources and advantages of professional investment institutions in equity investment and industry cultivation, aiming for long-term investment returns [8]. - The investment areas of the fund align with the main business operations of both companies, facilitating external business development and enhancing overall competitiveness and profitability [8].

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年1月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 電能實業有限公司 | | | 呈交日期: | 2026年2月4日 | | | I. 法定/註冊股本變動 | 不適用 | | FF301 第 1 頁 共 10 頁 v 1.2.0 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 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) 00006 說明 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 2,131,105,154 0 2,131,105,154 增加 / 減少 (-) 0 0 本月底結存 2,131,105,154 0 2,131,105,154 足夠公眾持股量的確認(註4) | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《GEM上市規則》第17.37D(1)條或第25.21D(1 ...