Core Viewpoint - The company, CLP Holdings Limited (00006.HK), has announced a board meeting scheduled for August 13, 2025, to review its interim results for the six months ending June 30, 2025, and to consider the distribution of an interim dividend [1] Group 1 - The board meeting will take place on a Wednesday [1] - The meeting will focus on the company's performance and dividend considerations [1] - The interim results will cover the period ending June 30, 2025 [1]

於本公告日期，本公司董事為： 董事會召開日期 （2025年中期業績） 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2025年8月13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6月30日止六個月之中期業績，及考慮 派發中期股息。 承董事局命 公司秘書 吳偉昌 香港，2025 年 7 月 31 日 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。 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 獨立非執行董事 ︰ 柏聖文先生、葉毓強先生、高寶華女士、關志堅先生及 胡定旭先生 ...

Group 1 - The stock price of Agricultural Products (000061) closed at 6.55 yuan, down 2.53%, with a turnover rate of 0.86% and a trading volume of 145,400 lots, amounting to 95.597 million yuan [1] - The latest quarterly report shows total revenue of 1.541 billion yuan, a year-on-year increase of 46.77%, while net profit attributable to shareholders decreased by 9.80% to 74.4558 million yuan [1] - The company has a current ratio of 0.459, a quick ratio of 0.364, and a debt-to-asset ratio of 60.30% [1] Group 2 - Shenzhen Agricultural Products Group Co., Ltd. was established in 1989 and is primarily engaged in business services [2] - The company has made investments in 95 enterprises and participated in 712 bidding projects [2] - It holds 873 trademark registrations and 7 patents, along with 29 administrative licenses [2]

Group 1 - The stock price of Agricultural Products (000061) closed at 6.53 yuan, down 0.46%, with a turnover rate of 0.56% and a trading volume of 95,400 hands, amounting to 62.36 million yuan [1] - The latest financial report shows that the company's total operating revenue for Q1 2025 was 1.541 billion yuan, a year-on-year increase of 46.77%, while the net profit attributable to shareholders was 74.46 million yuan, a decrease of 9.80% [1] - The company has a current ratio of 0.459, a quick ratio of 0.364, and a debt-to-asset ratio of 60.30% [1] Group 2 - Shenzhen Agricultural Products Group Co., Ltd. was established in 1989 and is primarily engaged in business services, with a registered capital of 1.696 billion yuan [1] - The company has made investments in 95 enterprises and participated in 696 bidding projects, holding 873 trademark registrations and 7 patents [2]

Core Viewpoint - Dongfeng Motor Corporation is focusing on enhancing product competitiveness and operational efficiency to improve profit margins in the light truck industry, while also increasing investment in new energy products and expanding its global market presence [2][9]. Group 1: Financial Performance - As of July 4, 2025, Dongfeng shares closed at 7.15 yuan, down 1.24% from the previous week [1] - The company received a government subsidy of 10 million yuan, which represents 34.29% of its audited net profit attributable to shareholders for the fiscal year 2024, positively impacting its 2025 profits [8][9]. Group 2: Market Strategy - The company plans to achieve an annual sales target of 50,000 units through optimized product layout, lean marketing, and new media marketing, despite a decline in first-quarter sales compared to the previous year [2][9]. - Dongfeng's global development strategy includes accelerating product layout in domestic and international markets and establishing international operational capabilities [2]. Group 3: Product Development - The company is increasing its investment in new energy products, covering light trucks, VN vehicles, and micro trucks, with expectations of higher penetration rates in the LCV new energy market by 2025 [2]. - Dongfeng's intelligent driving business, which includes both assisted driving and L4-level autonomous driving, has already achieved commercial operation and will continue to evolve according to regulatory requirements and market demands [2]. Group 4: Communication and Governance - The company emphasizes long-term value creation for investors and is committed to enhancing communication and engagement with them [5]. - Dongfeng will adhere to information disclosure requirements regarding the restructuring plans with Changan Automobile [6].

Core Viewpoint - Dongfeng Motor Corporation's stock has experienced a decline of 10.76% this week, closing at 7.3 yuan, with a total market capitalization of 14.6 billion yuan as of June 6, 2025 [1] Company Announcements - On June 4, 2025, Dongfeng Motor Corporation announced that its indirect controlling shareholder, Dongfeng Motor Group Co., Ltd., will not be involved in any asset or business restructuring, and the company's normal production and operations will not be affected [1] - The company received a government subsidy of 10 million yuan on June 4, 2025, which accounts for 34.29% of the audited net profit attributable to shareholders for the fiscal year 2024, positively impacting the company's profits for 2025 [1] - On June 5, 2025, the company held its second extraordinary general meeting of shareholders for 2025, where a resolution to replace some directors was passed with 99.38% approval [1] Production and Sales Data - In May 2025, Dongfeng Motor Corporation produced 11,724 commercial vehicles, a year-on-year decrease of 1.27%, with a cumulative production of 56,454 vehicles, down 18.48% year-on-year [2] - The company sold 10,073 vehicles in May 2025, a year-on-year decline of 13.27%, with cumulative sales of 59,859 vehicles, down 14.45% year-on-year [2] - Light truck production was 11,225 units in May, up 8.09% year-on-year, but cumulative production for the year was down 16.34% [2] - Bus production fell significantly, with a May output of 267 units, down 78.83% year-on-year, and cumulative production down 52.46% [2] - New energy vehicle production increased by 109.82% year-on-year in May, totaling 3,621 units, but cumulative production for the year was down 36.56% [2] - Dongfeng Cummins engine production reached 18,168 units in May, up 20.16% year-on-year, with cumulative production up 5.24% [2]

本报记者冯雨瑶刘钊 6月5日早间，重庆长安汽车股份有限公司（以下简称"长安汽车"，证券代码：000625）与东风汽车股份有限公司（以下简称"东风股份"，证券代 码：600006）分别发布公告，披露了其间接控股股东重组事项的最新进展，标志着中国汽车行业央企重组进程迈入新阶段。 长安汽车在公告中明确，其间接控股股东中国兵器装备集团有限公司（以下简称"兵器装备集团"）已获国务院批准实施分立重组。根据方案，兵器 装备集团的汽车业务将分立为一家独立中央企业，由国务院国资委直接履行出资人职责；剩余业务则注入中国兵器工业集团有限公司。此次分立 后，长安汽车的间接控股股东将变更为汽车业务分立的中央企业，但实际控制人未发生变化，公司生产经营活动不受重大影响。长安汽车表示，将 严格按照信息披露要求，持续关注重组进展并及时履行披露义务。 长安汽车董事长朱华荣此前曾公开表示，此次重组有利于公司国际化、全球化及市场化发展，将充分把握政策机遇，发挥重组带来的协同效应。尽 管重组方案已基本完成，但分立重组仍需履行法定程序，相关事项存在不确定性。 与长安汽车不同，东风股份在最新公告中明确，其间接控股股东东风汽车集团有限公司（以下简称"东风公 ...

Core Insights - The Hong Kong 300 Local Stock Index has shown significant growth, with a 13.71% increase over the past month, 13.91% over the past three months, and a year-to-date increase of 15.07% [1][2] Group 1: Index Performance - The Hong Kong 300 Local Stock Index closed at 1419.53 points, reflecting a 0.21% increase in the Shanghai Composite Index [1] - The index is designed to represent the performance of mainland and local Hong Kong companies, with a base date of December 31, 2004, set at 1000.0 points [1] Group 2: Index Composition - The top ten holdings of the Hong Kong 300 Local Stock Index include AIA Group (28.45%), Hong Kong Exchanges and Clearing (18.89%), and Bank of China (Hong Kong) (5.56%) [1] - The index is fully composed of stocks listed on the Hong Kong Stock Exchange [2] Group 3: Sector Allocation - The sector distribution within the index shows that financials account for 56.14%, real estate for 17.36%, and utilities for 13.00% [2] - Other sectors include communication services (6.33%), consumer staples (2.95%), and industrials (1.65%) [2] Group 4: Index Adjustment Mechanism - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December [2] - In special circumstances, the index may undergo temporary adjustments, particularly in cases of delisting or corporate actions such as mergers [2]

Customer Base and Operations - The company serves approximately 20.1 million residential and commercial customers globally, providing clean, reliable, and affordable energy[6]. - The total length of the power supply network is 390,000 kilometers, while the gas and oil pipeline network spans 119,100 kilometers[15]. - UK Power Networks (UKPN) serves 8.5 million residential and commercial customers, covering over 29,000 square kilometers and accounting for about 28% of the UK's total distribution capacity[58]. - The company continues to see stable growth in its UK operations, serving up to 14 million residential and commercial customers[56]. Financial Performance - Shareholders' profit for 2024 reached HKD 6,119 million, representing an increase from HKD 6,003 million in 2023, marking a growth of approximately 1.93%[15]. - Earnings per share for 2024 was HKD 2.87, up from HKD 2.82 in 2023, reflecting a growth of 1.77%[15]. - The total equity amounted to HKD 87,076 million, a slight decrease from HKD 88,752 million in the previous year[15]. - The company reported a net profit of HKD 6.19 billion for the year ending December 31, 2024, representing a 2% increase from HKD 6.03 billion in 2023[27]. - The board proposed a final dividend of HKD 2.04 per share, maintaining the total annual dividend at HKD 2.82 per share, consistent with the previous year[28]. Investments and Acquisitions - The company is actively investing in innovative technologies to accelerate the transition to green energy, aligning with global carbon neutrality goals[7]. - The company is focused on strategic acquisitions and new development projects to ensure sustainable long-term growth[7]. - The company completed multiple acquisitions, including Phoenix Energy and UK Renewables Energy, enhancing its business portfolio and providing immediate cash flow and stable income[29]. - The company is actively expanding non-regulated projects to create additional cash flow and returns[32]. - The company is focusing on acquiring quality assets in mature energy markets, particularly those that meet sustainability objectives[38]. Renewable Energy and Sustainability - The company aims to achieve net-zero carbon emissions by 2050 as part of its climate action plan[50]. - The company is actively investing in clean hydrogen and biomethane projects in the UK and Australia, enhancing operational flexibility to accommodate renewable energy supply[37]. - The company plans to continue exploring new investment opportunities in the green sector, aligning with global decarbonization goals[37]. - The company is expanding its renewable energy portfolio, including the acquisition of a 20% stake in 32 onshore wind farms in the UK[53]. - The renewable energy generated from the wind farms avoided approximately 88,000 tons of carbon emissions[140]. Operational Efficiency and Reliability - The company maintains a power supply reliability rate exceeding 99.9999% in 2024, reflecting world-class standards[36]. - UKPN's electricity supply reliability reached 99.99% in the 2023/24 fiscal year, with London’s network being the most reliable in the UK[66]. - The company is modernizing its power grid and digitalizing operations to meet the increasing demand for electric vehicle charging and distributed renewable energy[42]. Governance and Management - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange's listing rules throughout the fiscal year ending December 31, 2024[176]. - The board consists of 12 directors, including 4 executive directors, 3 non-executive directors, and 5 independent non-executive directors[181]. - The company emphasizes a commitment to sustainable development and has outlined its policies on its website[177]. - The board's performance evaluation was conducted annually, with results reviewed in March 2025 for the fiscal year 2024[187]. - The company provides ongoing professional development training for directors to keep them updated on regulatory changes and their responsibilities[199]. Diversity and Inclusion - The board currently has one female independent non-executive director, and there are no specific targets or timelines set for further increasing gender diversity in board appointments[191]. - As of December 31, 2024, the gender distribution among employees is 67% male and 33% female, with a commitment to improving the representation of women at all levels[192]. - The company is committed to creating a diverse and inclusive work environment, although it currently does not set specific gender diversity targets for all employees[192].

Financial Performance - The net profit for the year ended December 31, 2024, was HKD 6.19 billion, a 2% increase from HKD 6.03 billion in 2023[3]. - The company's profit attributable to shareholders for the year ended December 31, 2024, was HKD 6,119 million, an increase from HKD 6,003 million in 2023, representing a growth of 1.93%[32]. - Total comprehensive income attributable to shareholders for the year was HKD 4,334 million, down from HKD 7,904 million in 2023, indicating a decrease of 45.56%[32]. - The group reported a basic and diluted earnings per share of HKD 2.87 for 2024, compared to HKD 2.82 in 2023, showing a modest increase[30]. - The company reported a pre-tax profit of 6,119 million for 2024, down from 6,003 million in 2023, reflecting a decrease of approximately 1.9%[49]. - Operating profit for the year was 666 million, compared to 1,131 million in 2023, reflecting a decrease of about 41%[45]. - Interest income decreased to 863 million in 2024 from 1,223 million in 2023, a decline of approximately 29%[45]. - The share of profits from joint ventures and associates increased to 6,352 million in 2024 from 6,252 million in 2023, an increase of about 1.6%[45]. Dividends - The board proposed a final dividend of HKD 2.04 per share, maintaining the total annual dividend at HKD 2.82 per share, consistent with the previous year[4]. - The proposed final dividend per ordinary share is HKD 2.04, consistent with the previous year's dividend of HKD 2.04, totaling HKD 6,010 million for the year[57]. - The annual general meeting is scheduled for May 21, 2025, with a record date for the proposed final dividend on May 27, 2025[63]. Business Contributions - The UK business contributed a total profit of HKD 3.99 billion in 2024, up from HKD 2.79 billion in 2023, driven by new acquisitions[8]. - The Australian business contributed HKD 1.43 billion in profit, slightly down from HKD 1.43 billion in 2023[9]. - HK Electric Investments recorded a profit contribution of HKD 1.038 billion in 2024, compared to HKD 1.053 billion in 2023[16]. Financial Position - The company's net debt to total capital ratio stands at a strong 44%, reflecting a solid financial foundation[7]. - The net debt to total capital ratio was 44% as of December 31, 2024, slightly up from 43% at the end of 2023[23]. - The group maintains a strong financial position with a total unutilized credit facility of HKD 1 billion as of December 31, 2024[22]. - The group's net cash level as of December 31, 2024, was HKD 228 million, down from HKD 1,140 million in 2023, indicating a significant decrease in liquidity[23]. Asset and Liability Changes - The company's non-current assets totaled HKD 90,589 million as of December 31, 2024, compared to HKD 91,343 million in 2023, reflecting a decline of 0.82%[34]. - Current assets decreased to HKD 3,488 million in 2024 from HKD 4,359 million in 2023, a reduction of 19.97%[34]. - Current liabilities increased to HKD 4,077 million in 2024 from HKD 3,249 million in 2023, marking an increase of 25.49%[34]. - The company's net assets stood at HKD 87,076 million as of December 31, 2024, slightly down from HKD 88,752 million in 2023, a decrease of 1.89%[34]. - Total assets as of December 31, 2024, amounted to 94,077 million, compared to 95,702 million in 2023, indicating a decrease of approximately 1.7%[42]. - Total liabilities for the year were reported at 7,001 million, a slight increase from 6,950 million in 2023, representing an increase of about 0.7%[42]. - The company's total liabilities decreased to HKD 2,924 million in 2024 from HKD 3,701 million in 2023, a reduction of 20.92%[34]. Operational Highlights - The operational reliability of HK Electric exceeded 99.9999% in 2024, maintaining world-class standards[16]. - The company is actively transitioning to gas-fired power generation, with gas generation now accounting for approximately 70% of total generation capacity[16]. - The company aims to retire coal-fired generation units by 2035, aligning with government carbon reduction targets[16]. - The group continues to focus on clean hydrogen and biomethane projects in its gas networks in the UK and Australia[17]. Employee Compensation - The total employee compensation, excluding directors' remuneration, reached HKD 28 million in 2024, up from HKD 27 million in 2023[28]. - Employee compensation increased slightly to 33 million in 2024 from 32 million in 2023, reflecting a growth of about 3.1%[47]. Other Financial Metrics - The company's other income decreased to 207 million in 2024 from 296 million in 2023, a decline of approximately 30%[46]. - Accounts payable measured at amortized cost increased to HKD 3,967 million in 2024 from HKD 2,896 million in 2023, representing a growth of approximately 37%[56]. - The company has no unsecured and indemnity guarantees as of December 31, 2024, compared to HKD 14.2 million in 2023[27]. - The company reported a significant foreign exchange loss of HKD 2,724 million related to operations outside Hong Kong, compared to a gain of HKD 2,446 million in 2023[32]. - The company’s cash and cash equivalents were HKD 2,733 million in 2024, down from HKD 4,201 million in 2023, a decrease of 35.00%[34]. Corporate Governance - The company has maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange rules throughout the fiscal year ending December 31, 2024[61]. - No repurchase, sale, or redemption of the company's listed securities occurred during the year[60].