Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (A joint stock company incorporated in the People's Republic of China with limited liability) announcement of interim results for the six months ended 30 JUNE 2026 For the six months ended 30 June 2026, the unaudited revenue of the Group was RMB81,483 million, representing a decrease of 2.2% as compared to the same period in 2025. The unaudited loss attributable to equity holders of the Company was RMB829 million, compared to a profit attributable to equity holders of the Company of RMB1,360 million for the same period in 2025. Basic loss per share was RMB0.109, compared to basic earnings per share of RMB0.172 for the same period in 2025. The Board does not recommend the payment of an interim dividend. The Board announces the unaudited consolidated results of the Group for the six months ended 30 June 2026 and its consolidated financial position as at 30 June 2026 together with its consolidated results for the six months ended 30 June 2025 and its consolidated financial position as at 31 December 2025 for comparison. The unaudited condensed consolidated financial statements of the Group for the six months ended 30 June 2026 have been reviewed by the Company's independent auditor, the Board and the Audit Committee. Condensed consolidated statement of profit or loss For the six months ended 30 June 2026 For the six months ended 30 June 20262025 RMB '000RMB' 000 Notes (Unaudited) (Unaudited) Revenue3,81,482,841,83,279,904 Cost of sales (68,264) (68,264) (67,299,968) Gross profit13,218,43415,979,936 Investment and other income. Net 42,084,3912,053,943 Selling and distribution costs (1,826,911) (1,929,612) Administrative expenses (9,781,478) (8,934,012) Finance costs. Net5 (1,975,588) (2,286,152) Share of results of associates858,286,680,218 Share of results of joint ventures (8,850) (5,510) Impairment loss under expected credit loss model. Net (1,119,470) (433,358) Profit before income tax 6 1,448,814 5,125,453 Income tax expense 7 (1,163,840) (1,160,642) Profit for the period 284,974 3,964 811 (Loss)/profit for the period attributable to: Equity holders of the Company (829,474) 1,360,196 Holders of perpetual capital instruments168,280216,671 Non-controlling interests946,1682,387,944 Profit for the period284,9743,964 8 11 (Loss)/earnings per share – Basic and diluted (RMB) 9 (0.109) 0.172 condensed consolidated statement of profit or loss and other comprehensive income For the six months ended 30 June 2026 For the six months ended 30 June 20262025 RMB '000RMB' 000 (Unaudited) (Unaudited) Profit for the period 284,974 3,964,811 Other comprehensive (expense)/income. Net of tax: Items that may be reclassified subsequently to profit or loss: Currency translation differences (236,123) 85,489 Share of other comprehensive expenses of associates (125,746) (1,456) Change in fair value of hedging instruments designated as cash flow hedges – 1,946 Other comprehensive (expenses)/income for the period. Total comprehensive (expense)/income for the period, net of tax (361,869) 85,979 (76,895) 4,050,790 Total comprehensive (expense)/income attributable to: Equity holders of the Company (1,038,121) 1,384,674 Holders of perpetual capital instruments168,879 280,216,671 Non-controlling interests792,9462,449,445 Total comprehensive (expense)/income for the period (76,895) 4,050. 790 condensed consolidated statement of financial position As at 30 June 2026 30 June31 December 20262025 RMB '000RMB' 000 Notes (Unaudited) (Audited) Non-current assets Property, plant and equipment193,804,869,201,214 614Right-of-use assets24,685,389,25,541,993 Investment properties1,342,9681,385,297 Goodwill31,715,57731,829,274 Intangible assets38,305,69633,239,810 Interests in associates34. Financial assets recognised at fair value through profit or loss 96,88033,690,425 Interests in joint ventures462,021,530,267 Financial assets recognised at fair value through profit or loss4,025,1563,692,657 Financial assets recognised at fair value through other comprehensive income42,906,42,906 Deposits1. 929,2092,177,808 Trade and other receivables103,890,5282,436,008 Deferred income tax assets9,259,721,9,283,654 343,560,920345,064,713 Current assets Inventories21,577, 638,18,053,972 Trade and other receivables10,97,226,594,90,499,100 Financial assets at fair value through profit or loss3,684,097,6,502,508 Derivative financial instruments3821,076 Amounts due from related parties2,967, 363,2,340,909 Pledged bank deposits3,343,918,3,188,476 Cash and cash equivalents29,024,04923,842,002,157,8
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