泛亚环保二零二五年中期报告

Contents目錄 Corporate Information2Management Discussion and Analysis4Other Information8Condensed Consolidated Statement ofProfit or Loss and Other ComprehensiveIncome12Condensed Consolidated Statement ofFinancial Position14Condensed Consolidated Statement ofChanges in Equity16Condensed Consolidated Statement ofCash Flows17Notes to the Condensed ConsolidatedInterim Financial Statements182481214161718 Corporate Information公司資料 DIRECTORS 執行董事 Executive Directors Zhu Duke Li Mr. Guo Jiannan(Chairman)Mr. Zhu Duke Li(Chief Executive Officer)Ms. Pan Chang 獨立非執行董事 Independent Non-executive Directors Mr. Leung Shu Sun, SunnyMr. Hu JianjunMr. Chen Xuezheng COMPANY SECRETARY Mr. Wan San Fai, Vincent AUTHORISED REPRESENTATIVES Mr. Guo JiannanMr. Wan San Fai, Vincent PRINCIPAL BANKERS China Everbright Bank Company LimitedChina CITIC Bank International LimitedHang Seng Bank LimitedChina Construction Bank Corporation INDEPENDENT AUDITOR 17310 Ascenda Cachet CPA Limited10/F, Tien Chu Commercial Building173 Gloucester RoadWanchaiHong Kong LEGAL ADVISER •140 Chiu & Partners40/F, Jardine House1 Connaught PlaceCentralHong Kong Corporate Information公司資料 REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN THE CAYMAN ISLANDS Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands BRANCH SHARE REGISTRAR AND TRANSFEROFFICE IN HONG KONG 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL PLACE OF BUSINESS IN THE PRC Baihe Industrial ParkXinjie StreetYixing CityJiangsu ProvinceThe PRC PRINCIPAL PLACE OF BUSINESS IN HONGKONG 28151506 Room 1506, 15/FLippo Sun PlazaNo. 28 Canton Road, Tsim Sha TsuiKowloon, Hong Kong WEBSITE www.paep.com.cn www.paep.com.cn STOCK CODE 556 556 Management Discussion and Analysis管理層討論與分析 INDUSTRY AND BUSINESS REVIEW (AI)AI In the first half of 2025, under the strategic guidance of “high-quality development” and the acceleration of “new qualityproductive forces”, China’s environmental protection industryachieved deep integration of green and digital transformation.The state continued to refine its top-level design for ecologicalcivilization, driving the environmental engineering sector toshift from scale expansion toward quality, efficiency, andtechnological innovation. Client expectations have transformed– from isolated “single-point treatment” to comprehensive“system optimization”. This evolution places greater demandson environmental engineering contractors, requiring enhancedcapabilities in industrial planning, investment and financing, andcross-sector integration. The ability to internalize the economicv a l u e o f e n v i r o n m e n t a l m a n a g e m e n t h a s b e c o m e a k e ydifferentiator. Artificial intelligence is now central to competitivesuccess. Smart water management platforms, AI-poweredenergy-saving control systems, and intelligent pollution sourcediagnostics and early warning tools have moved from concept tonecessity in project bidding. The Group will increase investmentin digital R&D to elevate operational efficiency and enhancecustomer satisfaction. As China continues its green and low-carbon transformation,environmental engineering will benefit from robust policysupport and rising demand for facility upgrades and retrofits.The Group remains committed to delivering excellent integratedenvironmental solutions, generating long-term value forshareholders, and contributing to the national vision of aBeautiful China. 8,230 As at 30 June 2025, the Group had four projects on hand andwork to be completed of aggregate value RMB82.3 million (taxinclusive). It expects these projects to be completed before theend of 2025. Management Discussion and Analysis管理層討論與分析 FINANCIAL REVIEW 1.1331.1541.8%14.2%1,53015.5%13.5% In the first half of 2025, the Group made a total revenue ofRMB113.3 million, down by 1.8% year-on-year from RMB115.4million in the same period last year, mainly attributable to theslightly decrease in sales of EP products. Gross profit decreasedby 14.2% to RMB15.3 million and gross profit margin decreasedto 13.5% from 15.5% in the same period last year. 47064026.2%0.480.66 Profit attributable to owners of the Company was RMB4.7million for the six months ended 30 June 2025, 26.2% lowerthan the RMB6.4 million recorded in the same period last year.Basic and diluted earnings per share were RMB0.48 cents (sameperiod in 2024: RMB0.66 cents). INTERIM DIVIDEND To reserve capital for the Group to develop business, the Boarddid not recommend payment of an interim dividend for the sixmonths ended 30 June 2025 (six months ended 30 June 2024:Nil). PROSP