Core Viewpoint - Zhangzhou Development (000753) has received a government subsidy of 35 million yuan annually from 2025 to 2027, aimed at technology innovation and industrial empowerment, which is expected to positively impact the company's annual performance during the subsidy period [1]. Group 1: Stock Performance - As of December 1, 2025, Zhangzhou Development's stock closed at 8.73 yuan, up 1.51% from the previous trading day [1]. - The stock opened at 8.7 yuan, reached a high of 8.92 yuan, and a low of 8.59 yuan, with a trading volume of 9.3 billion yuan and a turnover rate of 10.78% [1]. Group 2: Government Subsidy - The company has received a document from the Zhangzhou Finance Bureau confirming the annual government subsidy of 35 million yuan for the years 2025 to 2027 [1]. - The subsidy is related to revenue and will have a positive impact on the company's annual performance during the subsidy period [1]. - The specific accounting treatment and timing of the funds' receipt are yet to be determined, pending audit confirmation [1].

Core Viewpoint - The stock of Fujian Zhangzhou Development Co., Ltd. has experienced significant volatility, achieving three trading limits within four days, with a cumulative increase of 19.86% and a turnover rate of 50.06% [2] Trading Performance - The stock recorded a trading volume of 118 million shares and a transaction amount of 1.095 billion yuan, with a turnover rate of 11.85% on the latest trading day [2] - The stock has appeared on the Dragon and Tiger list twice due to a cumulative deviation of 20% in the increase over three consecutive trading days and a 7% deviation in the daily decline [2] - Institutional investors net sold 7.0452 million yuan, while the total net selling from brokerage seats reached 9.2953 million yuan [2] Financial Performance - In the third quarter, the company reported a total operating revenue of 1.867 billion yuan, a year-on-year decrease of 10.53% [2] - The net profit for the same period was 52.0652 million yuan, reflecting a year-on-year increase of 5.66% [2] - The basic earnings per share were reported at 0.0390 yuan, with a weighted average return on equity of 1.16% [2] Company Background - Fujian Zhangzhou Development Co., Ltd. was established on December 14, 1994, with a registered capital of 991.481071 million yuan [2]

Core Insights - The company reported a revenue of 1.867 billion yuan for the first three quarters of 2025, representing a year-on-year decline of 10.53% [1] - The net profit attributable to shareholders was 52 million yuan, showing a year-on-year increase of 5.66% [1] - The basic earnings per share decreased to 0.0390 yuan, reflecting a year-on-year decline of 21.53% [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：392） 海外監管公告 本海外監管公告乃由北京控股有限公司（「本公司」）根據香港聯合交易所有限公司 （「聯交所」）證券上市規則第 13.10B 條刊登。 本公司的附屬公司北京燕京啤酒股份有限公司（「燕京啤酒」）已於 2025 年 8 月 11 日於 深圳證券交易所網站（http://www.szse.cn）公佈其按照中國的「企業會計準則」編製截止 2025 年 6 月 30 日止六個月的未經審核業績，主要財務指標如下： | | 利潤表 | | | | --- | --- | --- | --- | | | 截至 6 月 30 | 日止六個月 | | | | 2025 年 | 2024 年 | | | | 未經審核 | 未經審核 | | | | （人民幣千元） | （人民幣千元） | 變幅 | | 營業收入 | 8,558,243 | 8,045,803 | +6 ...

Group 1 - The core event "Winter Olympic Glory Ten Years Road, Rural Revitalization New Journey" was launched to celebrate the 10th anniversary of the successful bid for the Winter Olympics, showcasing the integration of Olympic spirit with local culture [1] - The series of activities includes four major sections and six events, aimed at demonstrating how Winter Olympic heritage can empower rural development [1] - The initiative is supported by Beikong Group, which emphasizes the importance of cultural revitalization in driving industrial growth and promoting local agricultural products and tourism resources [1] Group 2 - Beikong Group, as a municipal state-owned enterprise, is committed to fulfilling social responsibilities and supporting rural revitalization through partnerships with six villages in the Yanqing, Miyun, and Huairou districts [2] - The company plans to continue enhancing agricultural and cultural tourism industries, promoting resource sharing and regional collaboration for rural development [2]