沈阳公用发展股份：截至2025年12月31日止年度经审计全年业绩公告

Shenyang Public Utility Holdings Company Limited(a joint stock limited company incorporated in the People’s Republic of China) (Stock code: 747)747 ANNOUNCEMENT OF AUDITED ANNUAL RESULTSFOR THE YEAR ENDED 31 DECEMBER 202520251231 ANNUAL RESULTS 20251231 NON-CURRENT LIABILITIESOther payables and accrualsBorrowingsLease liabilities—non-current portion NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 20251231 For the year ended 31 December 2025 1. 1.GENERAL INFORMATION Shenyang Public Utility Holdings Company Limited (the“Company”) is a joint stock limited company incorporated inthe People’s Republic of China (the“PRC”). The address of the principal place of business of theCompany in PRC is Room 517, Building E03, ShenyangInternational Software Park, No. 861-3 ShangshengouVillage, Hunnan District, Shenyang, the PRC. 861–3E03–517 201-4 The address of the registered office of the Company in PRC isNo. 1-4, 20A, Central Street, Shenyang Economic andTechnological Development Zone, the PRC. 89252507 The address of the principal place of business in Hong Kongis Room 2507, 25/F., Tower 1, Lippo Centre, 89 Queensway,Hong Kong. The Company is an investment holding company and theprincipal activities of its subsidiaries are set out in theconsolidated financial statements. The consolidated financial statements are presented inRenminbi (“RMB”). Other than those subsidiaries establishedin Hong Kong whose functional currencies are Hong KongDollars (“HK$”), the functional currency of the Company andits subsidiaries (collectively known as the“Group”) are RMB. H19991216 The Company’s H-shares are listed on The Stock Exchange ofHong Kong Limited (the“Stock Exchange”) with effectfrom 16 December 1999. 2. 2.APPLICATION OF NEW AND AMENDMENTS TO HKFRSACCOUNTING STANDARDS Amendments to HKFRS Accounting Standards that aremandatorily effective for the current year 202511 In the current year, the Group has applied the followingamendments to HKFRS Accounting Standards issued by theHong Kong Institute of Certified Public Accountants(“HKICPA”) for the first time, which are mandatorily effectivefor the annual periods beginning on 1 January 2025 for thepreparation of the consolidated financial statements: Hong Kong AccountingStandards (“HKAS”) 21Lack of Exchangeability 21 The application of the amendments to HKFRS AccountingStandards in the current year has had no material impact onthe Group’s financial positions and performance for thecurrent and prior years and/or on the disclosures set out inthese consolidated financial statements. 2. 2.APPLICATION OF NEW AND AMENDMENTS TO HKFRSACCOUNTING STANDARDS(CONTINUED) 97210281972—11218355—3 New and amendments to HKFRS Accounting Standardsin issue but not yet effective The Group has not early applied the following new andamendments to HKFRS Accounting Standards that have beenissued but are not yet effective: 122026113202711 Except for the new and amendments to HKFRS AccountingStandards mentioned in the consolidated financialstatements, the directors of the Company (the“Directors”)anticipate that the application of all other new andamendments to HKFRS Accounting Standards will have nomaterial impact on the consolidated financial statements inthe foreseeable future. 3. 3.BASIS OF PREPARATION OF CONSOLIDATED FINANCIALSTATEMENTS The consolidated financial statements have been prepared inaccordance with HKFRS Accounting Standards issued by theHKICPA. For the purpose of preparation of the consolidatedfinancial statements, information is considered material ifsuch information is reasonably expected to influencedecisions made by primary users. In addition, the consolidatedfinancial statements include applicable disclosures required bythe Rules Governing the Listing of Securities on The StockExchange of Hong Kong Limited (the“Listing Rules”) andby the Hong Kong Companies Ordinance. The Directors have, at the time of approving the consolidatedfinancial statements, a reasonable expectation that the Grouphas adequate resources to continue in operational existencefor the foreseeable future. Thus they continue to adopt thegoing concern basis of accounting in preparing theconsolidated financial statements. 20251231126,877,000161,788,00087,457,0007,522,000 As stated in the consolidated financial statements, the Groupincurred a loss attributable to owners of the Company ofapproximately RMB126,877,000 for the year ended 31December 2025 and, as of that date, the Group’s currentliabilities exceeded its current assets by approximatelyRMB161,788,000 and has capital commitments ofapproximately RMB87,457,000, while its cash and cashequivalents amounted to approximately RMB7,522,000 only.These events and conditions indicate the existence of materialuncertainties which may cast significant doubt about theGroup’s ability to continue as a going concern. 3. 3.BASIS OF PREPARATION OF CONSOLIDATED FINANCIALSTATEMENTS(CONTINUED) In view of such circumstances, the Directors have givencare