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。 中 國 農 業 銀 行 股 份 有 限 公 司 AGRICULTURAL BANK OF CHINA LIMITED （ 於 中 華 人 民 共 和 國 註 冊 成 立 之 股 份 有 限 公 司 ） （股份代號：1288） 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條作出。 根據中華人民共和國的有關法律法規，中國農業銀行股份有限公司在上海證券交易所網 站刊登《中國農業銀行股份有限公司2025年度審計報告及財務報表》。 茲載列該公告如下，僅供參閱。 承董事會命 中國農業銀行股份有限公司 劉清 公司秘書 中國北京 2026年3月30日 於本公告日期，本行的執行董事為谷澍先生、王志恒先生、劉洪先生和林立先生；本行的非執行董事為 周濟女士、李蔚先生、劉曉鵬先生、張奇先生和張洪武先生；本行的獨立非執行董事為吳聯生先生、汪昌雲先生、 鞠建東先生、莊毓敏女士、張琦先生和王沛詩女士。 ...

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，並明確表示概不就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。 （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （股份代號：6806） 海外監管公告 本公告乃由申萬宏源集團股份有限公司（「本公司」）根據香港聯合交易所有限公司證券上市規 則第13.10B條作出。 2025 年度财务报表及审计报告 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.gov.cn）"进行查验 报告编码:京26PVPNL KPMG Huazhen LLP 8th Floor, KPMG Tower Oriental Plaza 1 East Chang An Avenue Beijing 100738 China Telephone +86 (10) 8508 5000 Fax +86 (10) 8518 5111 Internet kpmg.com/cn 茲載列本公司於深圳證券交易所網站發佈之《申萬宏源集團股份有限公司2 ...

Investment Rating - The report maintains a positive outlook on the insurance sector, indicating a mid-term value reassessment opportunity, particularly recommending companies such as China Ping An, New China Life, China Life (H), China Pacific Insurance, China Property & Casualty Insurance, and China Reinsurance, while suggesting to pay attention to ZhongAn Online [3][6]. Core Insights - The new accounting standards (IFRS 9 and IFRS 17) significantly impact the insurance industry by enhancing performance comparability and profitability transparency. The implementation of these standards is expected to reshape the accounting practices, operational management, and valuation logic of insurance companies [3][9]. - IFRS 9 introduces a new classification system for financial assets, reducing the categories from four to three, which increases the proportion of assets measured at fair value. This change aims to reflect the true value of financial assets more accurately [3][16]. - IFRS 17 redefines the logic of financial statements, focusing on the clarity of income sources. It shifts the premium recognition principle from cash-based to accrual-based, ensuring that only income corresponding to services provided in the current period is recognized [3][39]. Summary by Sections Implementation Background - The new accounting standards were introduced to enhance the comparability and transparency of financial statements for insurance companies, with listed companies implementing IFRS 9 and IFRS 17 from January 1, 2023, and non-listed companies expected to follow by January 1, 2026 [5][9]. IFRS 9: Financial Asset Classification - The classification of financial assets under IFRS 9 has transitioned from a subjective four-category system to an objective three-category system based on the business model and cash flow characteristics of the financial assets. The new categories include: - Amortized Cost (AC) - Fair Value through Other Comprehensive Income (FVOCI) - Fair Value through Profit or Loss (FVTPL) [3][16][21]. - The impairment loss recognition has shifted from an "incurred loss model" to an "expected loss model," allowing for a more timely reflection of the true value of financial assets [3][34]. IFRS 17: Redefining Financial Statement Logic - IFRS 17 introduces a more refined and transparent measurement model for insurance contracts, categorizing them into three models: General Measurement Model (GMM), Variable Fee Approach (VFA), and Premium Allocation Approach (PAA). This aims to ensure that the measurement results reflect the economic substance of insurance contracts [3][43][60]. - The recognition of premium income has shifted to an accrual basis, excluding investment components, which may lead to a significant decrease in recognized insurance service income compared to previous standards [3][39][40].

Core Viewpoint - CHI HO DEV (08423) anticipates a consolidated net loss of between HKD 20 million and HKD 21 million for the six months ending September 30, 2025, compared to a consolidated profit of approximately HKD 9 million for the six months ending September 30, 2024 [1] Financial Performance - The expected consolidated net loss is primarily attributed to provisions of approximately HKD 14 million recognized under the expected credit loss model for loans to a joint venture [1] - An additional provision of about HKD 2 million has been recognized under the expected credit loss model for trade receivables and contract assets [1] - A decrease in revenue from mixed projects, renovation, and construction works has led to a reduction in gross profit [1]

Core Viewpoint - The company reported a revenue of approximately 193 million, representing a year-on-year decrease of 6.61%, while the loss attributable to shareholders narrowed significantly by 90.55% to 8.748 million [1] Financial Performance - Revenue for the six months ending June 30, 2025, was approximately 193 million, down 6.61% compared to the previous year [1] - The loss attributable to shareholders was 8.748 million, a significant reduction of 90.55% year-on-year [1] - Earnings per share reflected a loss of 3.32 cents [1] Key Factors Influencing Performance - The reduction in loss was primarily due to a decrease in impairment loss provisions by approximately 79.4 million under the expected credit loss model [1] - Administrative expenses were reduced by 5.8 million, which contributed positively to the overall financial performance [1] - This positive impact was partially offset by an increase in litigation and legal expense provisions by approximately 5 million and a gross profit increase of about 3.7 million [1]

Audit Opinion - The audit of Wuhan Municipal Engineering Design Institute Co., Ltd. (hereinafter referred to as "the Institute") financial statements for the periods ending March 31, 2025, December 31, 2024, and December 31, 2023, indicates that the financial statements fairly reflect the financial position and operating results of the Institute in accordance with accounting standards [1][1][1]. Company Overview - The Institute was established on October 26, 2001, with a registered capital of 17.1289 million RMB, located in Wuhan, Hubei Province [1][1]. - The main business activities include construction engineering surveying, design, mapping services, project supervision, special equipment design, land spatial planning, quality testing, and construction [1][1]. Asset Restructuring - Wuhan San Zhen Industrial Holding Co., Ltd. plans to acquire 100% equity of the Institute through a combination of issuing shares and cash payment [1][1]. - The financial statements are prepared solely for the purpose of this proposed asset restructuring and are intended for submission to regulatory authorities [1][1]. Financial Reporting Basis - The financial statements are based on the assumption of going concern and prepared in accordance with the relevant accounting standards issued by the Ministry of Finance and the China Securities Regulatory Commission [1][1]. Important Accounting Policies - The Institute has established specific accounting policies and estimates for revenue recognition and research and development expenditures based on its operational characteristics [1][1]. - The financial statements comply with the requirements of accounting standards and provide a true and complete reflection of the Institute's operating results and cash flows for the fiscal years 2023 and 2025 [1][1]. Financial Statement Preparation - The financial statements are prepared using the accrual basis of accounting, with historical cost as the measurement basis, except for certain financial instruments [1][1]. - The Institute's accounting policies and estimates are detailed in the notes, including significant judgments made by management [1][1].

Group 1 - The company issued a profit warning for the first half of 2025, expecting a net loss attributable to equity shareholders of approximately RMB 370 million to RMB 390 million [1] - The company's cash reserves reached approximately RMB 5.4 billion, an increase of RMB 300 million compared to the end of 2024, indicating a stable liquidity position [1] - The loss is primarily due to impairment losses recognized on historical bridge supply chain assets based on expected credit loss models [1] Group 2 - The company has made significant progress in addressing historical issues by strengthening its credit risk management system, advancing the recovery of legacy assets, and prudently recognizing impairment provisions [2] - These measures have effectively reduced the ongoing impact of historical factors on the current and future financial condition of the company [2]

Core Viewpoint - 联易融科技集团预计2025年上半年将出现约人民币3.7亿元至3.9亿元的综合亏损净额，主要由于对历史遗留的过桥供应链资产计提减值损失，但现金储备却增加至约人民币54亿元，显示出公司流动性稳健 [1] Group 1 - The company anticipates a net loss attributable to equity shareholders of approximately RMB 370 million to RMB 390 million for the first half of 2025 [1] - The cash reserves of the company reached approximately RMB 5.4 billion, an increase of RMB 300 million compared to the end of 2024, indicating a strong liquidity position [1] - The loss is primarily due to impairment losses recognized based on the expected credit loss model for historical bridge supply chain assets on the balance sheet [1] Group 2 - The company has made significant progress in addressing historical issues through enhanced credit risk management, targeted recovery of legacy assets, and prudent impairment provisioning [2] - These measures have effectively reduced the ongoing impact of historical factors on the current and future financial condition of the company [2]

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，並明確表示概不就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。 （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （股份代號：6806） 海外監管公告 本公告乃由申萬宏源集團股份有限公司（「本公司」）根據香港聯合交易所有限公司證券上市規 則第13.10B條作出。 茲載列本公司於深圳證券交易所網站發佈之《申萬宏源集團股份有限公司2024年度財務報表及 審計報告》，僅供參閱。 承董事會命 申萬宏源集團股份有限公司 董事長 劉健 北京，2025年3月28日 於本公告日期，董事會成員包括執行董事劉健先生及黃昊先生；非執行董事朱志龍先生、張英女士、邵亞樓先生、 徐一心先生及嚴金國先生；獨立非執行董事楊小雯女士、武常岐先生、陳漢文先生及趙磊先生。 申万宏源集团股份有限公司 2024 年度财务报表及审计报告 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.gov.cn）"进行查验 篇码:京259EN7562G ...