Revenue and Profit Performance - Revenue for the six months ended 30 September 2024 was approximately RMB859.20 million, representing a 34.42% increase compared to the same period in the previous fiscal year[7] - Total revenue grew by 34.4% to RMB 859,197 thousand in H1 2024, up from RMB 639,195 thousand in H1 2023[34] - External sales for the six months ended 30 September 2024 increased to RMB 859,197 thousand, up from RMB 639,195 thousand in the same period in 2023, representing a growth of 34.4%[36] - The Group's turnover for the Interim Period increased by approximately 34.42% compared to the same period in 2023, driven by increased demand for civilian explosives and higher production capacity[68] - Profit attributable to owners for the Interim Period was approximately RMB85.47 million[8] - Total comprehensive income attributable to owners for the Interim Period was approximately RMB87.85 million[9] - Basic earnings per share for the Interim Period was approximately RMB0.024[10] - Gross profit for the Interim Period was RMB378.30 million, compared to RMB259.43 million in the same period last year[14] - Operating profit for the Interim Period was RMB250.83 million, up from RMB211.10 million in the previous year[14] - Profit before income tax for the Interim Period was RMB242.41 million, compared to RMB206.92 million in the same period last year[14] - Segment profit for the six months ended 30 September 2024 rose to RMB 252,348 thousand, compared to RMB 203,902 thousand in the same period in 2023, an increase of 23.8%[36] - Profit before income tax for the six months ended 30 September 2024 was RMB 242,414 thousand, up from RMB 206,916 thousand in the same period in 2023, a growth of 17.2%[36] - Profit for the period attributable to owners of the Company for the six months ended 30 September 2024 was RMB 85,474 thousand, down from RMB 98,755 thousand in the same period in 2023, a decrease of 13.5%[46] - Total comprehensive income for the period was RMB 98,602,000 as of 30 September 2024[24] Tax and Expenses - Income tax expense for the Interim Period was RMB59.91 million, significantly higher than RMB18.88 million in the previous year[14] - Current tax for the period – PRC Enterprise Income Tax increased to RMB 24,065 thousand in 2024 from RMB 11,924 thousand in 2023, a significant rise of 101.7%[39] - Tajikistan Corporation Income Tax for the six months ended 30 September 2024 was RMB 8,344 thousand, up from RMB 6,954 thousand in the same period in 2023, an increase of 20.0%[39] - Depreciation of property, plant and equipment for the six months ended 30 September 2024 was RMB 49,178 thousand, compared to RMB 41,710 thousand in the same period in 2023, a rise of 17.9%[42] - Finance costs – Interest charge on bank and other borrowings for the six months ended 30 September 2024 increased to RMB 8,414 thousand from RMB 4,186 thousand in the same period in 2023, a growth of 101.0%[42] - Selling and distribution expenses increased significantly due to higher sales volume and the inclusion of approximately RMB16 million in freight charges in the cost of goods sold[68] Assets and Liabilities - Non-current assets increased to RMB 3,033,638,000 as of 30 September 2024, up from RMB 2,986,814,000 as of 31 March 2024[18] - Current assets rose to RMB 1,341,973,000 as of 30 September 2024, compared to RMB 939,687,000 as of 31 March 2024[18] - Net current liabilities improved to RMB (406,415,000) as of 30 September 2024, from RMB (952,134,000) as of 31 March 2024[18] - Total equity increased to RMB 1,826,279,000 as of 30 September 2024, up from RMB 1,691,686,000 as of 31 March 2024[20] - Equity attributable to owners of the company grew to RMB 903,897,000 as of 30 September 2024, compared to RMB 848,791,000 as of 31 March 2024[20] - Non-controlling interests increased to RMB 922,382,000 as of 30 September 2024, up from RMB 842,895,000 as of 31 March 2024[20] - Retained earnings rose to RMB 916,329,000 as of 30 September 2024, compared to RMB 881,583,000 as of 1 April 2024[24] - Net assets of the Group amounted to approximately RMB1,826.28 million as of 30 September 2024, an increase from RMB1,691.69 million as of 31 March 2024[69] - Current assets increased to approximately RMB1,341.97 million as of 30 September 2024, compared to RMB939.68 million as of 31 March 2024[69] - The Group's gearing ratio was 59.29% as of 30 September 2024, compared to 56.92% as of 31 March 2024[72] Cash Flow - Net cash generated from operating activities increased significantly to RMB 226,437 thousand in H1 2024, compared to RMB 16,709 thousand in H1 2023[27] - Cash and cash equivalents at the end of the period stood at RMB 323,698 thousand, up from RMB 295,271 thousand in H1 2023[27] - Net cash used in investing activities decreased to RMB 110,904 thousand in H1 2024, compared to RMB 195,142 thousand in H1 2023[27] - Net cash used in financing activities reduced to RMB 15,389 thousand in H1 2024, down from RMB 112,768 thousand in H1 2023[27] - Cash and cash equivalents stood at approximately RMB323.70 million as of 30 September 2024, up from RMB223.78 million as of 31 March 2024[69] Business Operations and Sales - The Group's revenue is entirely derived from contracts with customers, primarily from the sale of explosives, blasting operations, and mineral concentrates[33] - Sales of explosives increased by 24.7% to RMB 448,059 thousand in H1 2024, compared to RMB 359,416 thousand in H1 2023[34] - Sales of mineral concentrates surged by 62.5% to RMB 351,186 thousand in H1 2024, up from RMB 216,156 thousand in H1 2023[34] - Revenue from the blasting business increased due to a rise in production volume from 104,000 tons to 121,000 tons starting August 2023[68] - The Group completed construction and began trial operations of new processing facilities for iron-oxide and gold sludge extraction in October 2023, contributing to improved revenue[68] - External sales of the mining operation increased, but segment profit decreased due to a waiver income of approximately RMB32 million in the previous period[68] - The Group's sales volume of civil explosive products increased in the first half of the year, driven by higher market demand for mineral resources and coal energy in Inner Mongolia[78] - The Group's sales volume of civil explosive products in Central Asia declined slightly due to unstable operations of its major customers[78] Exploration and Development - Anhui Jinding mined a total of 457,387 tons of ore with average grades of sulfur 8.43%, copper 0.36%, and gold 0.62g/t for the six months ended 30 September 2024[74] - Anhui Jinding completed 1,470 meters of surface drilling and 6,394.6 meters of in-pit drilling for production exploration during the six months ended 30 September 2024[74] - Exploration expenditures for Anhui Jinding were RMB2,572 thousand, development expenditures were RMB949 thousand, and mining expenditures were RMB23,897 thousand for the six months ended 30 September 2024[76] - Exploration expenditures for Tibet Tianren were RMB1,877 thousand for the six months ended 30 September 2024[76] - The construction of the detonator production line in Tajikistan is progressing steadily, with the project launch ceremony hosted by the President of Tajikistan[78] - The Tibet Tianren project approval process was mostly completed and is currently in the pre-construction preparation stage[78] - Additions to property, plant and equipment during the six months ended 30 September 2024 amounted to RMB 119 million[49] - Capital commitments for the acquisition of property, plant, and equipment amounted to RMB23,844 thousand[63] Shareholder and Management Information - Mr. Liu Fali holds a 6.81% stake in the company with 242,415,854 ordinary shares[84] - Ms. Qin Chunhong holds 34,024,908 ordinary shares (L), representing 0.96% of the company's shares[85] - Ms. Ma Ye holds 126,005,000 ordinary shares (L), representing 3.54% of the company's shares[85] - Interests of parties to an agreement under sections 317(1)(a) and 318 of the SFO include 1,776,098,222 ordinary shares (L), representing 49.91% of the company's shares[85] - Mr. Ma Suocheng is deemed to be interested in 1,902,103,222 ordinary shares (L), representing 53.45% of the company's shares[96] - Shiny Ocean holds 1,361,516,331 ordinary shares (L), representing 38.26% of the company's shares[92] - Ma Family Holdings Co. Limited holds 1,361,516,331 ordinary shares (L), representing 38.26% of the company's shares[93] - Equity Trustee Limited holds 1,361,516,331 ordinary shares (L), representing 38.26% of the company's shares[95] - Pin On Everest Asset Holdings Ltd holds 58,980,000 shares of the company, with Mr. Ma Tianyi deemed to be interested in these shares[87] - Crystal Sky Development Inc. holds 34,024,908 shares of the company, with Ms. Qin Chunhong deemed to be interested in these shares[87] - As of 30 September 2024, no other directors or chief executives have disclosed interests or short positions in the company's shares[88] - Ms. Ma Xia holds 172,166,037 ordinary shares, representing 4.84% of the company's issued shares[98] - Interests of parties under an agreement to acquire shares total 1,729,937,185 ordinary shares, representing 48.61% of the company's issued shares[98] - Mr. Ma Qiang, founder of a discretionary trust, holds 1,902,103,222 ordinary shares, representing 53.45% of the company's issued shares[98] - Mr. Yang Tao holds 255,599,268 ordinary shares, representing 7.18% of the company's issued shares[98] - Mr. Li Man holds 252,959,268 ordinary shares, representing 7.10% of the company's issued shares[98] - Mr. Lv Wenhua holds 220,696,854 ordinary shares, representing 6.20% of the company's issued shares[98] - The Share Award Scheme allows for a maximum of 200,000,000 shares to be awarded, representing approximately 5.62% of the company's issued share capital[102] - No shares were awarded under the Share Award Scheme during the six months ended 30 September 2024[104] - The Share Award Scheme expired in July 2024 after a five-year term[104] - The company has not been notified of any other persons with discloseable interests or short positions in the shares as of 30 September 2024[100] - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the six months ended 30 September 2024[106] - No significant competition interests were reported by directors or controlling shareholders during the six months ended 30 September 2024[106] - The company has complied with the Code on Corporate Governance Practices as per the GEM Listing Rules[106] - No changes in the Board or Directors' information since the annual report for the year ended 31 March 2024[110][111] - The company adopted a code of conduct for Directors' securities transactions, with no reported non-compliance during the six months ended 30 September 2024[112][113] - The audit committee, composed of three independent non-executive directors, reviewed and commented on the interim report for the six months ended 30 September 2024[114][115][116] - Remuneration paid/payable to key management personnel for the period amounted to RMB1,525,500, compared to RMB1,408,680 in the same period last year[65] Dividends and Other Financial Information - The Board does not recommend the payment of an interim dividend[11] - Dividends paid to non-controlling interests amounted to RMB (18,343,000) for the period[24] - Contribution from non-controlling interests was RMB 4,000 for the period[24] - Other income decreased by approximately RMB32 million due to the recognition of a loan waiver in the previous period[68] - Contract assets and net trade receivables totaled RMB383,533 thousand as of 30 September 2024, with an aging analysis showing 86,665 thousand within 0-30 days and 164,380 thousand over 1 year[56] - Bills receivables generally have credit terms ranging from 6 to 12 months, with a total of RMB468,001 thousand as of 30 September 2024[53] Future Plans and Outlook - The Group will continue to strengthen the technical and management capabilities of its domestic and foreign subsidiaries to respond to market changes[80] - The Group plans to optimize the long-term production and operational management of the Anhui Jinding Project while accelerating the development of the Tibet Tianren Project[80] - The Group's blasting services and mining construction engineering teams will focus on supporting the civil explosive production and mining segments, aiming to undertake related projects in China and Central Asia[80] - The Group is confident in maintaining the current pace of project development, which aligns with management's expectations[80] - The Group's financial indicators remain stable with sufficient cash flow to support various construction investments[78]

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之內容概不負責， 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之任何損失承擔任何責任。 Pizu Group Holdings Limited （於開曼群島註冊成立之有限公司） （股份代號：8053） 截至二零二四年九月三十日止六個月中期業績公佈 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM之定位，乃為中小型公司提供一個上市之市場，此等公司相比起其他在聯交 所上市之公司帶有較高投資風險。有意投資之人士應了解投資於該等公司之潛在 風險，並應經過審慎周詳考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於聯交所主 板買賣之證券承受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高 流通量之市場。 香港交易及結算所有限公司及聯交所對本公告之內容概不負責，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之任何損失承擔任何責任。 本公告的資料乃遵照《香港聯合交易所有限公司的GEM證券上市 ...

Financial Performance - The group recorded a total revenue of approximately RMB 1.36637 billion, representing a decrease of about 8.57% compared to the previous fiscal year[21]. - Sales of explosive products accounted for 52.35% of total revenue, while sales of refined minerals contributed 37.73%[25]. - The gross profit margin improved due to a further decline in raw material prices, particularly benefiting the Anhui Jinding project[21]. - The company proposed a final dividend of HKD 0.01 per share, sharing the benefits of stable development with all shareholders[14]. - The company's distributable reserves as of March 31, 2024, were approximately RMB 722 million, compared to RMB 709 million as of March 31, 2023[189]. - Interest expenses for the year were RMB 102 million, down from RMB 143 million in the previous year[200]. - Charitable donations for the year totaled RMB 1,630,000, significantly higher than RMB 240,000 in the previous year[191]. Project Developments - The group achieved stable sales of civil explosives in Inner Mongolia and mining operations in Anhui, with improved gross margins due to declining raw material prices[12]. - The gold recovery rate from the carbon slurry gold extraction project in Anhui significantly increased, enhancing the overall profitability of the Anhui Jinding project[12]. - The group successfully divested from the Tibet Huatai Long construction project, with growth in the Anhui Jinding project and Inner Mongolia explosives business compensating for this loss[12]. - The construction of the mining site for Tibet Tianren Mining Co., Ltd. is set to begin in the second half of 2024, laying a solid foundation for the group's long-term development[13]. - The Tajikistan detonating cord production line has commenced construction, expected to support more Belt and Road Initiative projects, enhancing the group's influence and profitability in Central Asia[13]. - The group plans to optimize the production capacity allocation of the civil explosives segment to enhance sales and profit margins[22]. - The group is focused on accelerating the construction progress of the Tibet Tianren project, which is expected to become a solid foundation for future development[23]. - The company plans to commence mining construction in the second half of 2024[101]. - Tibet Tianren expects to receive approval for the environmental impact report in the second half of 2024 before commencing mining construction[108]. Resource and Production - The company produced a total of 1,075,090 tons of ore, including 963,070 tons of copper-gold ore with an average grade of 0.81 g/t gold and 0.44% copper[43]. - The newly established gold recovery workshop has processed approximately 283 kg of gold mud, containing about 7.72 kg of metallic gold with a gold content of 27% as of March 31, 2024[43]. - The total mineral resource for the Huangtun pyrite mine is reported as 17.42 million tons with an average copper grade of 0.31%[47]. - The company has achieved a production capacity of approximately 3,000 tons per day, with all mining and tunneling outsourced to two contractors[49]. - The company has a total ore reserve of 8.94 million tons with a copper grade of 0.34% and a gold grade of 0.93 g/t in the western area[84]. - The eastern area has a total ore reserve of 6.28 million tons with a sulfur grade of 22.85% and a copper grade of 0.17%[84]. - The estimated mineral resources at the Bangpu mine are 658.73 Mt, with indicated resources of 73.58 Mt at an average copper grade of 0.200% and molybdenum grade of 0.071%[94]. - The estimated ore reserves as of March 31, 2024, are 115.67 Mt with an average copper grade of 0.224% and molybdenum grade of 0.079%[100]. - The recovery rates for molybdenum and copper are projected at 84.50% and 91.00%, respectively, with designed grades of 53% for molybdenum and 22% for copper[105]. Governance and Compliance - The company has maintained a strong governance structure, with all independent non-executive directors confirmed as independent as of the report date[51]. - The board held a total of 7 meetings during the year, with all executive directors attending all meetings[50]. - The total director remuneration for the year was approximately RMB 2,590,000, a decrease from RMB 2,890,000 in the previous year[58]. - The auditor's fees for audit and other services amounted to approximately RMB 2,990,000 for the year[59]. - The company has established a nomination committee to review the board's structure and recommend suitable candidates for directorship[63]. - The company has established an internal audit department to independently review the adequacy and effectiveness of risk management and internal control systems[126]. - The board has reviewed the effectiveness of the internal control system and considers it sufficient, with management continuously monitoring risks and internal controls[129]. - The company has implemented a disclosure policy to ensure timely and consistent disclosure of inside information in compliance with GEM Listing Rules[130]. - The company has a zero-tolerance policy towards corruption and bribery, ensuring compliance with applicable laws and regulations[133]. - The board has established a whistleblowing procedure to encourage reporting of misconduct and dishonest behavior[133]. - The company has achieved measurable goals for board diversity, including at least one-third of non-executive or independent non-executive directors and two members with accounting qualifications[144]. - The board consists of three female and five male directors, reflecting a commitment to gender diversity[144]. Employee and Shareholder Relations - The company has a structured process for shareholders to propose suggestions and call special meetings if necessary[147]. - The company emphasizes the importance of good corporate governance to maintain investor confidence and attract investments[150]. - The management is committed to enhancing the corporate governance standards of the group[150]. - The company is focused on providing equal employment and advancement opportunities for all employees, regardless of gender, age, religion, or origin[145]. - The gender ratio in the company's workforce, including senior management, is approximately 4:1, indicating gender diversity at the team level[145]. - The company has reviewed the implementation and effectiveness of its shareholder communication policy, finding it effective[140]. - The company has established multiple channels for ongoing communication with shareholders, including announcements and reports available on the HKEX and the company's website[148]. - The company has a clear policy for shareholder communication that has been deemed satisfactory and effective during the fiscal year[148].

來自持續經營業務的所得稅前溢利 331,599 18 12 9. 每股盈利 每股基本盈利 持續經營業務及已終止經營業務 持續經營業務及已終止經營業務的每股基本盈利乃根據下列數據計算： | --- | --- | --- | |-----------------------------------------------------------------------------------------|-------------------|-------------------------| | | | | | | | | | | 二零二四年 | 二零二三年 | | | 人民幣千元 | 人民幣千元 （重新列報） | | 本公司擁有人應佔本年度溢利 | 131,028 | 88,021 | | | 二零二四年 千股 | 二零二三年 千股 | | 計算每股基本盈利的普通股加權平均數 | 3,496,414 | 3,496,414 | | | | | | 持續經營業務 | | | | 持續經營業務的每股基本盈利乃根據下列數據計算： | | | | | 二零二四年 | 二零二三年 | | | 人民幣千元 | 人民幣 ...

Financial Performance - Total revenue for the nine months ended December 31, 2023, was RMB 1,007,797 thousand, a decrease of 22.2% compared to RMB 1,295,419 thousand in the same period of 2022[4] - Gross profit increased to RMB 428,876 thousand, up 21% from RMB 354,521 thousand year-over-year[4] - Profit for the period reached RMB 280,207 thousand, representing a 22.3% increase from RMB 229,049 thousand in the prior year[6] - Basic and diluted earnings per share improved to RMB 0.041, compared to RMB 0.035 in the same period last year[6] - Revenue from the sale of explosives and provision of blasting operations was RMB 542,877 thousand, slightly down from RMB 545,951 thousand in 2022[12] - Revenue from non-ferrous metal mining and dressing industry income surged to RMB 353,325 thousand, an increase of 19.5% from RMB 295,555 thousand year-over-year[12] - Operating profit for the nine months was RMB 315,211 thousand, up from RMB 264,308 thousand in the previous year[4] - The company reported other income and gains of RMB 15,719 thousand, a decrease from RMB 17,630 thousand in the same period last year[4] - The total comprehensive income for the period was RMB 276,822 thousand, compared to RMB 229,240 thousand in the prior year[6] - The Group's revenue for the nine months ended 31 December 2023 was approximately RMB1,007.80 million, representing a decrease of approximately 22.2% compared to the corresponding period in the previous fiscal year[21] - The profit attributable to owners for the Period was approximately RMB144.50 million[24] - The total comprehensive income attributable to owners for the Period was approximately RMB139.13 million[25] - The basic profit per share for the Group was approximately RMB0.041 for the Period[22] - The Group's turnover for the quarterly period decreased by approximately 22.2% compared to the corresponding period in 2022[29] - Revenue from the income of non-ferrous metal mining and dressing industry increased by 19.6% compared to the same period last year[29] Taxation and Liabilities - Current tax for the period (EIT) was RMB28,232,000 for the nine months ended 31 December 2023, compared to RMB23,507,000 for the same period in 2022[15] - Deferred tax for the period was not applicable for both periods[15] - The Tajikistan subsidiary is exempt from corporate income tax for five years until November 2022, with applicable rates of 18% and 13% thereafter[14] - Three PRC subsidiaries recognized as New and Hi-tech Enterprises enjoy a preferential EIT rate of 15% for three years starting from their respective recognition dates[14] - The EIT rate for a subsidiary in Lhasa, Tibet, is 9% from 2015 to 2025[14] - The Group reported no material contingent liabilities as of December 31, 2023, consistent with the previous period[49] Assets and Liabilities - As of December 31, 2023, the Group's net assets amounted to approximately RMB 1,796.46 million, an increase from RMB 1,645.81 million as of March 31, 2023[35] - Current assets as of December 31, 2023, were approximately RMB 1,045.93 million, down from RMB 1,332.21 million as of March 31, 2023[35] - The Group's current liabilities amounted to approximately RMB 1,762.52 million as of December 31, 2023, compared to RMB 2,226.33 million as of March 31, 2023[35] - The Group's borrowings are secured by mining rights valued at approximately RMB 242.32 million as of December 31, 2023, up from RMB 149.30 million as of March 31, 2023[42] Investments and Projects - On April 19, 2023, the Group agreed to acquire an additional 27% equity interest in Tibet Tianren Mining Co., Ltd. for a total consideration of RMB 54 million, increasing its interest to 54%[37] - There were no significant investments made by the Group during the nine months ended December 31, 2023[36] - As of December 31, 2023, the Group's capital commitment for the acquisition of property, plant, and equipment amounted to RMB 4,467,000 (approximately USD 0.64 million) compared to RMB 514,000 as of March 31, 2023[45] - The newly built gold extraction project of Anhui Jinding significantly improved the efficiency of the Group's mineral development business, aligning with expectations[51] - The construction of a new detonating tube production line in Tajikistan is expected to significantly increase the Group's market share of civilian explosives in Central Asia[51] - Two new projects, Tibet Tianren Mining and Inner Mongolia's 100,000-ton on-site mixed explosives production system, are anticipated to start construction in 2024[51] Workforce and Operations - The Group's full-time employees decreased to 1,041 as of December 31, 2023, down from 1,253 as of March 31, 2023, reflecting a reduction in workforce[50] - The Group's various businesses remained stable during the nine months ended December 31, 2023, with civilian explosives sales remaining flat compared to the same period last year[51] - The Group aims to explore business expansion opportunities while maintaining stable operations and controlling risks[57] Shareholding and Governance - As of December 31, 2023, Ms. Ma Ye holds 126,005,000 ordinary shares, representing approximately 3.54% of the total shareholding[60] - The Ma family collectively holds 1,902,103,222 ordinary shares, accounting for 53.45% of the total shareholding, due to agreements under the SFO[72] - Shiny Ocean is a beneficial owner of 1,361,516,331 ordinary shares, which is approximately 38.26% of the total shareholding[72] - The total number of ordinary shares held by substantial shareholders includes interests from controlled corporations and trustees[72] - The percentage of shareholding is calculated based on the number of issued shares of the Company as of December 31, 2023[65] - No other directors or chief executives had any interests or short positions in the shares of the Company as of December 31, 2023[68] - The report indicates that the interests of shareholders are disclosed in accordance with the SFO regulations[69] - The company has a significant concentration of ownership, with major shareholders holding over 50% of the shares[72] - The report highlights the importance of compliance with the SFO for transparency in shareholding[69] - The company continues to monitor and disclose any changes in shareholding as required by regulatory standards[68] - As of December 31, 2023, the company had not purchased, sold, or redeemed any of its listed shares during the nine months ended, consistent with the previous year[83] - The share award scheme adopted on July 8, 2019, aims to reward contributions to the group's growth and development, with no share awards granted for the nine months ended December 31, 2023[79][84] - The company has complied with all code provisions set out in the Code on Corporate Governance Practices during the nine months ended December 31, 2023[81] - The largest shareholder, Mr. Ma Qiang, holds 1,902,103,222 ordinary shares, representing 53.45% of the total shareholding[75] - Ms. Ma Xia, a beneficial owner, holds 172,166,037 ordinary shares, accounting for 4.84% of the total shareholding[73] - Mr. Yang Tao and Mr. Li Man hold 274,919,268 and 272,039,268 ordinary shares, respectively, representing 7.73% and 7.64% of the total shareholding[73] - The company has not been notified of any other person with a discloseable interest in the shares as of December 31, 2023[76] - The shareholding percentage is calculated based on the number of issued shares as of December 31, 2023[75] - The company has adopted a code of conduct regarding Directors' securities transactions, ensuring compliance with GEM Listing Rules[81] - No significant competition with the business of the group was reported among Directors or management during the nine months ended December 31, 2023[81] Audit and Compliance - The Group's unaudited financial statements for the nine months ended 31 December 2023 have been reviewed by the audit committee[91] - The audit committee is composed of three independent non-executive directors, ensuring compliance with GEM Listing Rules[89] - No share awards have been granted under the share incentive plan as of 31 December 2023[86]

Revenue and Profit Performance - Revenue for the nine months ended December 31, 2023, was RMB 1,007,797 thousand, a decrease from RMB 1,295,419 thousand in the same period in 2022[4] - Revenue for the nine months ended December 31, 2023, was approximately RMB 1,007.8 million, a decrease of 22.2% compared to the same period last year[71] - Gross profit for the nine months ended December 31, 2023, was RMB 428,876 thousand, compared to RMB 354,521 thousand in the same period in 2022[4] - Operating profit for the nine months ended December 31, 2023, was RMB 315,211 thousand, up from RMB 264,308 thousand in the same period in 2022[4] - Net profit before tax for the nine months ended December 31, 2023, was RMB 308,439 thousand, compared to RMB 252,556 thousand in the same period in 2022[4] - Net profit for the nine months ended December 31, 2023, was RMB 280,207 thousand, compared to RMB 229,049 thousand in the same period of 2022[48] - Net profit for the three months ended December 31, 2023, was RMB 92,169 thousand, compared to RMB 49,552 thousand in the same period of 2022[48] - Net profit attributable to owners for the nine months ended December 31, 2023, was RMB 144.5 million[71] - Total comprehensive income for the nine months ended December 31, 2023, was RMB 276,822 thousand, compared to RMB 229,240 thousand in the same period of 2022[48] - Total comprehensive income for the three months ended December 31, 2023, was RMB 88,937 thousand, compared to RMB 42,640 thousand in the same period of 2022[48] Earnings Per Share - Basic and diluted earnings per share for the nine months ended December 31, 2023, were RMB 0.041, compared to RMB 0.035 in the same period of 2022[48] - Basic and diluted earnings per share for the three months ended December 31, 2023, were RMB 0.013, compared to RMB 0.008 in the same period of 2022[48] - Basic earnings per share for the nine months ended December 31, 2023, were RMB 0.041[71] Financial Position - The company's net asset value as of December 31, 2023, was approximately RMB 1,796.46 million, up from RMB 1,645.81 million as of March 31, 2023[14] - The company's cash and bank balances as of December 31, 2023, were RMB 262.11 million, down from RMB 586.63 million as of March 31, 2023[14] Business Operations and Investments - The company acquired an additional 27% equity in Tibet Tianren Mining Co., Ltd. for RMB 54,000,000, increasing its total equity to 54%[15] - The company plans to enhance the mining development business of Anhui Jinding and expand its market share in Central Asia with new production lines[20] - The company's new gold extraction project in Anhui performed as expected, significantly improving the profitability of the mining development business[64] - The company did not make any significant investments during the nine months ended December 31, 2023[80] Shareholder Information - The company's major shareholder, Ma Suocheng, holds approximately 53.45% of the company's shares[24] - Mr. Ma Qiang holds 1,902,103,222 ordinary shares, representing approximately 53.45% of the total shares[37] - Mr. Yang Tao holds 274,919,268 ordinary shares, representing approximately 7.73% of the total shares[37] - Mr. Li Man holds 272,039,268 ordinary shares, representing approximately 7.64% of the total shares[37] - Mr. Lü Wenhua holds 240,696,854 ordinary shares, representing approximately 6.76% of the total shares[37] - Ma Tianyi holds 58,980,000 shares of common stock, representing 1.66% of the company's total shares[87] - Liu Fali holds 242,415,854 shares of common stock, representing 6.81% of the company's total shares[87] - Liu Fali has an additional interest in 1,659,687,368 shares of common stock through agreements, representing 46.64% of the company's total shares[87] - Qin Chunhong holds 34,024,908 shares of common stock, representing 0.96% of the company's total shares[87] - Ma Ye holds 126,005,000 shares of common stock, representing 3.54% of the company's total shares[87] - Ma Ye has an additional interest in 1,776,098,222 shares of common stock through agreements, representing 49.91% of the company's total shares[87] Employee Information - The company employed 1,041 full-time employees as of December 31, 2023, down from 1,253 as of March 31, 2023[19] Tax and Regulatory Compliance - The company's subsidiary in Tajikistan had its corporate income tax exemption extended until November 2022, after which it will be subject to the applicable tax rate[52] - The company has complied with all the code provisions of the Corporate Governance Code as of December 31, 2023[94] - The company has adopted a higher standard of director securities trading code than the GEM Listing Rules[108] - The company's unaudited financial statements for the nine months ended December 31, 2023, have been reviewed by the audit committee[109] Dividends and Share Incentives - No dividends were recommended for the nine months ended December 31, 2023[77] - The company's share incentive plan will expire in July 2024, and no share awards were granted during the nine months ended December 31, 2023[93] Revenue by Business Segment - Sales of explosive materials remained stable at RMB 542.9 million for the nine months ended December 31, 2023, compared to RMB 545.9 million in the same period last year[75] - Revenue from blasting and mining operations decreased significantly to RMB 111.6 million for the nine months ended December 31, 2023, from RMB 453.9 million in the same period last year[75] - Revenue from non-ferrous metal mining increased by 19.6% to RMB 353.3 million for the nine months ended December 31, 2023, compared to RMB 295.6 million in the same period last year[75]

Financial Performance - The group's revenue for the six months ended September 30, 2023, was approximately RMB 639.20 million, a decrease of about 15.97% compared to the same period last year[3]. - The profit attributable to owners of the company for the same period was approximately RMB 98.76 million[9]. - The basic earnings per share for the period was approximately RMB 0.028[3]. - The total comprehensive income for the period was approximately RMB 187.89 million, compared to RMB 186.60 million in the previous year[9]. - The operating profit for the six months was approximately RMB 211.10 million, compared to RMB 206.13 million in the previous year[7]. - The group reported a gross profit of approximately RMB 259.43 million, with a gross margin of about 40.5%[7]. - Total revenue for the six months ended September 30, 2023, was RMB 639,195 thousand, a decrease from RMB 760,636 thousand in the same period of 2022, representing a decline of approximately 15.9%[30]. - The company’s total comprehensive income for the period was RMB 186,600 thousand, compared to RMB 179,497 thousand in the same period of 2022, reflecting a slight increase of about 4.1%[19]. - The company reported a pre-tax profit of RMB 206,916,000 for the six months ended September 30, 2023, slightly down from RMB 197,933,000 in the same period of 2022[34]. - The company reported a basic earnings per share of RMB 28.24 for the six months ended September 30, 2023, compared to RMB 27.34 in the same period of 2022[45]. Cash Flow and Investments - Net cash generated from operating activities for the six months was RMB 16,709 thousand, a decrease from RMB 80,156 thousand in the same period last year, representing a decline of approximately 79.2%[20]. - Net cash used in investing activities was RMB 195,142 thousand, compared to RMB 10,543 thousand in the previous year, indicating a significant increase in investment outflows[20]. - Net cash used in financing activities was RMB 112,768 thousand, slightly higher than RMB 105,420 thousand in the same period of 2022[20]. - Cash and cash equivalents at the end of the period were RMB 295,271 thousand, down from RMB 592,437 thousand at the end of the same period last year, a decrease of approximately 50.1%[20]. - The company had no significant investments during the six-month period ending September 30, 2023[65]. Assets and Liabilities - The total assets as of September 30, 2023, were approximately RMB 2,074.67 million, with total liabilities of RMB 2,007.18 million[11]. - The company’s equity attributable to owners was approximately RMB 830.77 million, an increase from RMB 779.13 million as of March 31, 2023[13]. - The company's debt-to-asset ratio was 18.45% as of September 30, 2023, down from 20.72% as of March 31, 2023[69]. - The company's total current assets were approximately RMB 119,479,000 as of September 30, 2023, down from RMB 133,221,000 as of March 31, 2023[63]. - The company's net asset value increased to approximately RMB 178,106,000 as of September 30, 2023, compared to RMB 164,581,000 as of March 31, 2023[63]. Revenue Breakdown - Sales of civil explosives amounted to RMB 359,416 thousand, compared to RMB 336,940 thousand in the previous year, reflecting an increase of about 6.4%[30]. - Revenue from blasting operations and mining engineering decreased significantly to RMB 63,623 thousand from RMB 226,416 thousand, a decline of approximately 71.9%[30]. - Revenue from the sale of concentrates increased to RMB 216,156 thousand, up from RMB 197,280 thousand, marking an increase of about 9.0%[30]. - The company reported a decrease in quarterly revenue of approximately 15.97% compared to the same period in 2022, attributed to a decline in blasting business revenue due to industry regulations[61]. Shareholder Information - As of September 30, 2023, Liu Fali holds 242,415,854 shares, representing 6.81% of the company, while Ma Ye holds 126,005,000 shares, representing 3.54%[84]. - Major shareholder Yao Yang holds 1,361,516,331 shares, representing 38.26% of the total shares[90]. - Mr. Ma Shucheng has a total of 1,902,103,222 shares, accounting for 53.45% of the company's shares[90]. - Ms. Ma Xia holds 172,166,037 shares, which is 4.84% of the total shares[90]. - The shareholding structure indicates a significant concentration of ownership among a few major shareholders[90]. Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules during the review period[104]. - The audit committee has been established in accordance with GEM Listing Rules, consisting of three independent non-executive directors[109]. - The interim report for the six months ended September 30, 2023, has been reviewed by the audit committee members[109]. - The board of directors includes five executive directors and three independent non-executive directors[110]. Operational Developments - The company completed a construction project to extract gold and iron from sulfur concentrate by the end of September 2023, which is expected to benefit shareholders[61]. - The completion of the gold extraction project at Anhui Jinding is expected to contribute significantly to revenue in the second half of the fiscal year[81]. - The group plans to commence major construction at Tibet Tianren in early 2024, with approval processes progressing as expected[82]. - The preparation for the new detonating cord production line in Tajikistan is nearly complete, and the intelligent production system project for 100,000 tons of onsite mixed explosives in Inner Mongolia is progressing smoothly[82]. - The group aims to continue improving operational management of existing businesses to deliver sustained returns to shareholders[82]. Employee Information - As of September 30, 2023, the group employed 1,257 full-time employees across China, Hong Kong, and Tajikistan, a slight increase from 1,253 employees as of March 31, 2023[76].

Pizu Group Holdings Limited 比 優 集 團 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號 : 8053 | --- | --- | --- | --- | --- | --- | |----------------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | ag 2023/2 First Quarterly Report 第一季度 業 績 報 | | | -000 | | | CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market d ...

Financial Performance - The group recorded a total revenue of approximately RMB 1.495 billion, representing a decrease of about 8.73% compared to the previous fiscal year[16]. - The group experienced a significant decline in revenue from blasting and mining operations due to the termination of the Tibet Huatai Long project in the third quarter[5]. - The asset-liability ratio improved to 20.72%, down from 30.39% in the previous year, indicating a healthier financial position[27]. - The group maintained stable sales figures by adjusting the pricing strategy for civil explosives, despite a decrease in sales volume[13]. - The group has not made any significant investments during the fiscal year, consistent with the previous year[24]. - The group remains confident in maintaining stable business scale despite increasing competition in the domestic civil explosives industry[13]. - The group's borrowings amounted to RMB 142,218,000, a decrease from RMB 193,778,000 in 2022[28]. - No interim dividend was declared for the year, compared to HKD 0.010 per share in 2022[31]. - The board has proposed a final dividend of HKD 0.010 per share, consistent with the previous year[52]. - The company proposed a final dividend of HKD 0.01 per share, sharing the benefits of stable development with all shareholders[136]. Mining Operations - The company has mined a total of 811,000 tons of ore during the year, including 535,000 tons of copper-gold ore with an average grade of 0.70 g/t gold and 0.40% copper[53]. - The company processed a total of 1,046,000 tons of ore with an average grade of 12.6% sulfur, 0.31% copper, 0.57 g/t gold, and 17.3% iron[53]. - As of March 31, 2023, the company reported a total of approximately 549 million tons of mineral resources, with an average grade of 0.16% copper and 0.066% molybdenum[65]. - The company has drilled 83 underground drill holes totaling approximately 8,120 meters for production exploration during the year[54]. - The controlled mineral resources in the western area are estimated at 25.2 million tons with gold at 0.09 g/t, copper at 0.07%, total iron at 10.2%, and total sulfur at 16.7%[38]. - The inferred mineral resources in the western area are estimated at 16.3 million tons with gold at 0.07 g/t, copper at 0.06%, total iron at 8.3%, and total sulfur at 15.9%[38]. - The total possible reserves across eastern and western areas are 10.7 million tons, with total sulfur at 15.8% and copper at 0.3%[45]. - The mining production schedule indicates a lifespan of 13 years, with an annual extraction rate of 1.0 million tons of ore[45]. - The company holds a mining license for the Bangpu molybdenum-copper project, valid until October 15, 2024, covering an area of 2.4189 square kilometers[48]. - The company has completed a feasibility study for the Bangpu mining area, dated October 2022[67]. - The project is expected to have an annual production capacity of approximately 6 million tons of ore, with a design capacity for processing ROM of 6 million tons per year[92][93]. - The total ore reserves reported include 29 million tons of proven reserves with a molybdenum grade of 0.068% and a copper grade of 0.19%[89]. Environmental and Sustainability Efforts - The company aims to reduce emissions and has implemented policies to monitor and manage operational emissions, ensuring compliance with national standards[173]. - The company is committed to achieving zero carbon emissions through strategic measures to reduce reliance on non-renewable energy sources[188]. - The company has established a waste management policy to minimize environmental impact, focusing on hazardous waste disposal[178]. - The company aims to reduce nitrogen oxides (NOx) emissions from 10,833.50 kg in 2022 to 5,865.06 kg in 2023, representing a reduction of approximately 46%[200]. - Sulfur dioxide (SO2) emissions decreased from 18,520.62 kg in 2022 to 14,085.17 kg in 2023, a reduction of about 24%[200]. - Particulate matter (PM) emissions were reduced from 617.28 kg in 2022 to 388.28 kg in 2023, showing a decrease of approximately 37%[200]. - The company has set a target to reduce greenhouse gas emissions by 5% by 2025[200]. - Increased power consumption due to growth in explosive production activities in China and Tajikistan has led to a rise in greenhouse gas emissions during the reporting period[200]. - The company encourages employees to use video and phone conferencing to reduce business travel and vehicle usage[199]. - Initiatives include promoting the use of electric vehicles and planting vegetation to improve air quality and absorb greenhouse gases[199]. - The board has dedicated significant time to assess environmental, social, and governance (ESG) risks and develop relevant policies to address these risks[168]. - The board's oversight includes reviewing progress on ESG-related goals and indicators[170]. Corporate Governance - The company is committed to high levels of corporate governance to protect shareholder interests, adhering to the GEM Listing Rules[96]. - The board of directors consists of eight members, including three independent non-executive directors, meeting the GEM listing rules requirement[117]. - The board held six meetings and one annual general meeting during the year, achieving an average attendance rate of 100% for board meetings and approximately 22% for the annual general meeting[107]. - The company has adopted a strict code of conduct for securities trading, ensuring compliance by all directors and relevant employees[97]. - Independent non-executive directors confirmed their independence annually, ensuring compliance with GEM listing rules[120]. - The company encourages continuous training for directors, covering business operations and regulatory changes[107]. - The board's average attendance rate for meetings was 100%, indicating strong engagement[107]. - The company has mechanisms in place to ensure independent viewpoints are considered in board decisions[105]. - The company has a structured process for the appointment and re-election of directors, ensuring compliance with its articles of association[115]. Strategic Outlook - The group aims to adapt to global economic challenges through strategic business adjustments[14]. - The group is actively seeking business expansion and investment opportunities while maintaining stable management and healthy cash flow[6]. - The company is optimistic about the mineral resource reserves at its Anhui and Tibet mining projects, and it aims to leverage its technical and management capabilities for future growth[140]. - The company anticipates greater challenges in its civil explosives business due to a downturn in the coal market, but lower raw material prices may enhance profit margins[141]. - The company plans to actively adjust strategies to maintain revenue from its civil explosives business while steadily advancing its mining development[141]. - The financial performance of Tibet Tianren has been consolidated into the group's financial statements following a control agreement, marking it as a subsidiary[26]. - The company reported further growth in its mining business during the fiscal year ending March 31, 2023, effectively compensating for the revenue decline in its original civil explosives business[135]. - The main revenue sources for the company include the trade of civil explosives and the provision of blasting services, along with sales related to its mining operations[139].

Business Performance and Strategy - The group achieved further growth in its mining business during the year, effectively compensating for the revenue decline in its original explosives business[5] - The company completed the acquisition of Tibet Tianren Mining Co., Ltd., which is expected to impact financial performance during the development phase of the mining area[5] - The sales strategy adjustment led to an increase in the sales price of explosive products, maintaining total sales close to flat despite a decrease in volume[22] - The group's blasting and mining operations experienced a significant revenue decline due to the termination of the Huatai Long project in Tibet during the third quarter[22] - The year 2022/2023 marked a year of business expansion and transformation for the group[15] - The board will continue to pursue business expansion and investment opportunities while maintaining stable management and healthy cash flow[20] - The company plans to enter new emerging markets to increase revenue[139] - The company is focusing on improving resource efficiency and reducing operational costs through more effective production and distribution processes[139] Governance and Management Changes - The board consists of eight directors, including executive and independent non-executive members, ensuring diverse governance[2] - Mr. Xiong Ze has resigned as Chairman of the Board since February 1, 2023, and Mr. Ma Tianyi has been appointed as the new Chairman[30] - Ms. Yao Yunzhu has resigned as an independent non-executive director and member of the audit, remuneration, and nomination committees since April 20, 2023, while Mr. Li Xu has been appointed to these roles[31] Environmental and Social Responsibility - The company aims to reduce air pollutant emissions by 5% by 2025, with a significant reduction achieved through the transition to electric equipment and effective fuel-saving policies[60] - The company plans to reduce greenhouse gas emissions by 5% by 2025, with an increase in emissions noted due to expanded production activities in China and Tajikistan[60] - The total waste generated has decreased due to effective waste reduction policies, with a goal to reduce both hazardous and non-hazardous waste by 5% by 2025[63] - The company has established an Environmental, Social, and Governance (ESG) working group consisting of 21 members to enhance transparency and accountability[54] - The company has not encountered any violations of environmental laws during the year, adhering to relevant regulations[63] - The company is committed to complying with relevant environmental laws and regulations in China, with no significant non-compliance reported during the reporting period[88] - The company is actively monitoring environmental laws and regulations to mitigate compliance costs and operational risks[135] Employee Training and Safety - Employee safety training is emphasized to reduce workplace injuries, with OHSAS18001 certification achieved for major subsidiaries[124] - The percentage of trained employees in 2023 was 53%, down from 96% in 2022, with significant declines in training for both male (59% to 99%) and female (31% to 88%) employees[149] - The average training hours per employee were not specified, but the company emphasized ongoing internal and external training programs[148] - The company reported no work-related deaths or lost workdays due to injuries in both 2022 and 2023[176] - The company actively participates in safety training activities organized by government and industry authorities[172] Compliance and Ethical Standards - The company is committed to maintaining high standards of business ethics and compliance with all relevant laws and regulations[23] - The company has complied with the GEM Listing Rules regarding related party transactions and disclosures[35] - The company has established a code of conduct for suppliers, ensuring compliance with safety and environmental standards[180] - The company has implemented a confidentiality policy to protect customer personal data, requiring employees to sign confidentiality agreements[185] - The company has not reported any significant violations of child labor or forced labor laws during the reporting period[178] Financial Performance and Shareholder Returns - The board proposed a final dividend of HKD 0.01 per share, sharing the group's stable development earnings with all shareholders[8] - The company’s management has confirmed the fair value of mining rights based on discounted cash flow estimates, influenced by metal resources and long-term commodity prices[167] Resource Management and Sustainability - The company aims to reduce water consumption by 5% before 2025, with a decrease in water usage noted in 2023 due to effective water-saving policies[99] - The generation of non-hazardous waste decreased to 64.61 tons in 2023 from 76.93 tons in 2022, representing a reduction of 15.9%[64] - The density of hazardous waste per employee increased to 0.000062 tons in 2023 from 0.000051 tons in 2022, indicating a rise of 21.6%[64] - The company has implemented various energy-saving strategies, including the use of solar energy for lighting and hot water systems[65] - The company has adopted technologies to reduce emissions of nitrogen oxides, sulfur dioxide, and particulate matter from its operations[89] - The company is monitoring its carbon and energy footprint to better understand the impact of climate risks and opportunities on operations and profits[133] Stakeholder Engagement - The company emphasizes effective communication and maintaining good relationships with key stakeholders to understand risks and opportunities[48] - The company has established communication channels with key stakeholders to gather insights and feedback on its business activities[78] Product Quality and Customer Relations - The company has established a product quality incident management system to address customer feedback and ensure product safety[158] - The company reported no significant violations of customer data security and privacy laws during the reporting period[159] - There were no complaints regarding products and services in 2023, consistent with 2022[184] - The company has maintained ISO 9001 certification for its quality management system since 2010, ensuring product quality and safety[181]