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 表 明 不 會 就 本 公 告 全 部 或 任 何 部 分 內 容 或 因 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任 。 * （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 中 外 合 資 股 份 有 限 公 司 ） （ 股 份 代 號 ： 5 6 8） 海外監管公告 本 公 告 乃 根 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則 第 13. 10B 條 而 作 出 。 茲 載 列 山 東 墨 龍 石 油 機 械 股 份 有 限 公 司 （ 「 本 公 司 」 ） 在 中 國 報 章 刊 登 或 在 深 圳 證 券 交 易 所 網 站 發 佈 的 日 期 為 二 零 二 五 年 八 月 二 十 三 日 的 《 2025 年 半 年 度 報 告 摘 要 》《 2025 年 半 年 度 報 告 》《 2025 年 半 年 度 ...

Summary of Key Points Core Viewpoint - The company Shanhai Intelligent has received insurance compensation for three aircraft that were stranded in Russia due to geopolitical conflicts since February 2022, which affected the aviation industry and led to sanctions [1][4]. Group 1: Aircraft Leasing and Insurance Compensation - Shanhai Intelligent's wholly-owned subsidiary AVMAX had signed three aircraft leasing contracts with Russian clients, which became problematic due to the geopolitical situation [1]. - AVMAX attempted multiple times to recall the leased aircraft from Russia but was unsuccessful [1]. - AVMAX reached an agreement with the insurance underwriter, confirming an insurance claim amount of $29 million, with a net amount of $22.9651 million after deducting legal fees [4]. Group 2: Financial Impact - The total insurance compensation received by AVMAX amounts to approximately 164 million RMB, based on the exchange rate as of August 8 [4]. - After tax deductions, the impact on the company's net profit from the insurance compensation is estimated to be 126 million RMB, which represents 172.92% of the company's net profit attributable to shareholders from the previous year [4]. - The compensation is classified as a non-recurring gain, as AVMAX had previously fully provided for impairment on the three aircraft [4].

Core Viewpoint - The company reported significant growth in revenue and net profit for the first quarter of 2025, driven primarily by increased mineral trading activities and successful asset acquisitions [1][5][10]. Financial Data Summary - **Revenue**: The company achieved a revenue of CNY 1,104,737,944.90, representing a 97.53% increase compared to CNY 559,290,087.41 in the same period last year [2][14]. - **Net Profit**: The net profit attributable to shareholders was CNY 41,224,188.09, down from CNY 50,710,096.17 year-on-year [15]. - **Basic Earnings Per Share**: The basic earnings per share decreased slightly to CNY 0.0507 from CNY 0.0516 [15]. - **Total Assets**: As of March 31, 2025, total assets were CNY 8,101,017,338.21, a decrease of 6.48% from CNY 8,662,485,673.40 at the end of the previous year [12][13]. Operational Highlights - **Cash Flow**: The net cash flow from operating activities was CNY 498,773,919.90, a significant improvement from a negative cash flow of CNY -72,931,127.23 in the previous year [16]. - **Acquisitions**: The company completed several acquisitions, including a 43.21% stake in Zhejiang Long Energy Technology Co., Ltd. and an 80% stake in Zhejiang Wolong Energy Storage System Co., Ltd., which are now included in the consolidated financial statements [9][10]. Real Estate Performance - **Sales**: The company reported a signed sales area of 20,600 square meters in real estate projects, generating sales revenue of CNY 213 million [10]. - **Rental Income**: The rental income from various properties totaled CNY 32.17 million for the first quarter [10]. Shareholder Information - **Major Shareholders**: The report includes details on the top ten shareholders, with significant stakes held by Zhejiang Wolong Real Estate Investment Co., Ltd. and Zhejiang Longsheng Group Co., Ltd. [8][9].

Core Viewpoint - Jiangsu Cable is undergoing a business transformation to reduce reliance on traditional cable TV services, focusing on developing data services and ten other value-added businesses to create a diversified business ecosystem [1][4]. Financial Performance - Jiangsu Cable's revenue peaked at 8.095 billion in 2017 but has been in decline since, with growth rates of only 1.55%, 0.63%, and 1.22% from 2021 to 2023 [2][4]. - In 2024, the company reported revenue of 7.98 billion, a year-on-year increase of 5.04%, and a net profit of 365.4 million, up 7.46% [2][3]. - The non-recurring profit for 2024 was 2.056 billion, despite a 31.49% year-on-year increase, indicating ongoing reliance on non-recurring gains [2][3]. Dependency on Non-Recurring Gains - In 2024, non-recurring gains totaled 570 million, 1.28 times the total profit, highlighting the company's weak core business profitability [3]. - Non-recurring gains from government subsidies and asset management contributed significantly to the overall profit, with operating income from external sources reaching 444 million [3]. Decline of Traditional Business - The traditional cable TV business, which once accounted for nearly 70% of revenue, has seen continuous decline, with maintenance fees dropping by 6.43% and digital service fees by 25.71% in 2024 [4][5]. - Revenue from traditional services fell from 4.81 billion in 2021 to 4.14 billion in 2024, reducing its revenue share from 64.48% to 51.89% [5]. New Business Development - New business segments, including data services, have shown growth, with revenue increasing from 699 million in 2020 to 1.525 billion in 2024 [5][6]. - Other new initiatives, such as smart engineering projects, also contributed positively, with revenue rising from 778 million in 2022 to 1.086 billion in 2024 [5]. Cash Flow and Financial Pressure - By the end of 2024, accounts receivable surged to 1.708 billion, a 32.82% increase, indicating cash flow pressure due to delayed payments from clients [7][8]. - The company's cash flow from operating activities dropped by 54.52%, from 2.408 billion to 1.095 billion, exacerbating financial strain [8].

Core Viewpoint - The report provides a verification of the non-recurring gains and losses of Shandong Huanneng Group Co., Ltd. for the periods ending March 31, 2025, and the fiscal years 2024, 2023, and 2022, confirming compliance with the relevant regulations of the China Securities Regulatory Commission [1][2]. Summary by Relevant Sections Non-Recurring Gains and Losses - The non-recurring gains and losses detailed in the report include various components such as disposal gains and losses from non-current assets, government subsidies, and other operating income and expenses [1][5]. - Specific figures include a disposal gain of RMB 8,054.67 million for the period ending March 31, 2025, and government subsidies amounting to RMB 418,564.59 million for the same period [1][5]. - The report also notes a significant loss from the fair value changes of investment properties, amounting to RMB (1,637,389.43) million [5]. Compliance and Verification - The verification process involved checking, inquiring, and inspecting accounting records, leading to the conclusion that the disclosures are in compliance with the relevant regulations [1][2]. - The report is intended solely for the use of Shandong Huanneng Group Co., Ltd. in its application to the China Securities Regulatory Commission and the Shenzhen Stock Exchange for a specific issuance of A-shares [1][2].

Core Viewpoint - The report provides an independent assurance on the non-recurring profit and loss statement of Windshun Tire Co., Ltd. for the periods of January to March 2025, the year 2024, 2023, and 2022, confirming its compliance with relevant regulations and accuracy in representation [1][2]. Group 1 - The report is intended solely for Windshun Tire's application for a specific stock issuance and should not be used for any other purpose [1]. - The management of Windshun Tire is responsible for ensuring the non-recurring profit and loss statement is true, accurate, and complete, without any false records or significant omissions [2]. - The independent auditor's responsibility is to provide an assurance conclusion on the management-prepared statement, ensuring it is free from material misstatement [2]. Group 2 - The assurance work was conducted in accordance with the relevant auditing standards, which required planning and implementation to obtain reasonable assurance regarding the statement's accuracy [2]. - The conclusion states that the non-recurring profit and loss statement fairly reflects the financial situation of Windshun Tire for the specified periods, in accordance with the applicable disclosure regulations [2].

Core Viewpoint - The report provides an audit opinion on the non-recurring gains and losses of Shenzhen Yuanwanggu Information Technology Co., Ltd. for the years 2022, 2023, 2024, and the first quarter of 2025, confirming that the financial statements comply with relevant regulations and standards [2][3]. Group 1: Management and Auditor Responsibilities - The management of Yuanwanggu is responsible for providing accurate and complete information for the preparation of the non-recurring gains and losses statement, ensuring it is free from false records or misleading statements [2][3]. - The auditors are tasked with expressing an opinion on the non-recurring gains and losses statement prepared by the company, following the auditing standards and ethical guidelines [3]. Group 2: Audit Overview - The audit was conducted in accordance with the relevant auditing standards, ensuring that sufficient and appropriate evidence was obtained to support the audit opinion [3]. - The auditors implemented necessary procedures, including reviewing accounting records, to ensure the accuracy of the non-recurring gains and losses statement [3]. Group 3: Audit Opinion - The auditors concluded that the non-recurring gains and losses statement for the specified periods is presented fairly in all material respects, in accordance with the applicable disclosure requirements [3]. Group 4: Financial Data Summary - For the first quarter of 2025, the non-recurring losses amounted to -7,138.14, while for the year 2024, the losses were -1,386,183.09, and for 2023, there were gains of 6,834.63 [4]. - The government subsidies recognized in the first quarter of 2025 were 728,714.23, while for 2024, they were 8,465,834.64, and for 2023, they were 12,565,869.02 [6].

Group 1 - The company expects a net profit to be negative for the period from January 1, 2025, to June 30, 2025 [1] - The performance forecast is based on preliminary calculations by the company's finance department and has not been audited [2] - The main reason for the performance change is attributed to the acquisition of Beijing Kaike Weishi Technology Co., Ltd., which has led to increased intermediary fees and losses in the gold T+D deferred trading business due to short-term fluctuations in gold prices [1] Group 2 - The company anticipates non-recurring gains and losses to impact the performance, with an estimated effect of between -34 million to -38 million yuan [1] - The company expects a net profit, excluding non-recurring items, to be between 10 million to 14 million yuan, indicating a turnaround from a loss in the same period last year [1]

Group 1 - The company forecasts a net loss of approximately 200 million yuan for the current period, with a range of expected losses between 400 million yuan and 270 million yuan [1] - The previous year's total profit was a loss of 369.49 million yuan, with a net loss attributable to the parent company's owners of 296.48 million yuan [1] - The earnings per share for the previous year was reported at -0.0693 yuan [1] Group 2 - The primary reason for the expected loss is the impact of geopolitical tensions and a continued downturn in the global economic environment, leading to a significant drop in natural rubber prices [1] - The company did realize substantial non-recurring gains from government land compensation projects during the current period [1]

Core Viewpoint - The report highlights the non-recurring gains and losses of the company, indicating significant financial impacts from various activities and adjustments in the fiscal year 2024 compared to 2022 [1][2]. Non-Recurring Gains and Losses - The total non-recurring gains amounted to 5,465,383.71, while the net non-recurring gains were reported at 4,645,575.88 [2][3]. - The non-recurring losses attributable to minority shareholders were 2,295,349.24, with an additional impact of -182,19.62 on the overall financial results [3]. Financial Adjustments - The report includes adjustments related to asset impairments and other one-time expenses, which are crucial for understanding the company's financial health and operational efficiency [1]. - The non-recurring gains and losses are essential for evaluating the company's performance beyond regular operational activities, providing insights into potential future earnings [1].