FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 致：香港交易及結算所有限公司 公司名稱: 米高集團控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 09879 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | USD | | 0.01 | USD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 10,000,000,000 | USD | | 0.01 | USD | | 100,000,000 | 本月底法 ...

INTERIM REPORT 中 期 報 告 2025/2026 目錄 CONTENTS 02 公司資料 Corporate Information 04 財務摘要 Financial Highlights 05 管理層討論與分析 Management Discussion and Analysis 13 企業管治及其他資料 Corporate Governance and Other Information 27 簡明綜合財務報表審閱報告 Report on Review of Condensed Consolidated Financial Statements 29 簡明綜合損益及其他全面收益表 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 30 簡明綜合財務狀況表 Condensed Consolidated Statement of Financial Position 32 簡明綜合權益變動表 Condensed Consolidated Statement of Changes ...

Core Insights - As of December 10, 30 stocks reached their 52-week highs, with Design Metropolis (01545), Platinum Holdings (00459), and China Boton (03318) leading the increase rates at 40.82%, 35.48%, and 30.23% respectively [1][2] 52-Week Highs - Design Metropolis (01545) closed at 0.124, with a peak of 0.138, achieving a high rate of 40.82% [1] - Platinum Holdings (00459) closed at 0.121, with a peak of 0.126, achieving a high rate of 35.48% [1] - China Boton (03318) closed at 2.090, with a peak of 2.800, achieving a high rate of 30.23% [1] - Other notable stocks include: - China New Holdings (08125) at 25.00% [1] - Qiaoyang International Holdings (08070) at 14.46% [1] 52-Week Lows - The stock with the largest decline was Jingye Mingbang Group (02231), which fell to 0.099, a decrease of 26.40% [2] - Other significant declines included: - Zhonggang Petroleum (00632) at -16.40% [2] - Guofu Hydrogen Energy (02582) at -13.31% [2] - Additional stocks with notable declines: - Haotian International Construction Investment (01341) at -11.11% [2] - Jiaming Group Holdings (01271) at -10.00% [2]

呈交日期: 2025年12月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 09879 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 10,000,000,000 | USD | | 0.01 | USD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | 10,000,000,000 | USD | | 0.01 | USD | | 100,000,000 | FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 米高集團控股有限公司 (於開曼群島註冊成立的有 ...

Group 1 - The core viewpoint of the article is that 米高集团 (Mikado Group) reported a significant increase in revenue and profit for the six months ending September 30, 2025, driven by higher average selling prices in the potash fertilizer market [1] Group 2 - The company achieved a revenue of 2.352 billion yuan, representing a year-on-year increase of 10.52% [1] - The profit attributable to the owners of the company was 94.842 million yuan, reflecting a year-on-year increase of 17.54% [1] - Earnings per share were reported at 0.1 yuan [1] - The revenue increase was primarily attributed to the rise in average selling prices of products in the potash fertilizer market, which was partially offset by a decrease in sales volume during the period [1]

Core Viewpoint - The company reported a revenue increase of 10.52% year-on-year, driven by higher average selling prices in the potash fertilizer market, despite a decline in sales volume [1] Financial Performance - Revenue for the six months ending September 30, 2025, reached 2.352 billion yuan [1] - Profit attributable to the company's owners was 94.842 million yuan, reflecting a year-on-year increase of 17.54% [1] - Earnings per share stood at 0.1 yuan [1] Market Factors - The increase in revenue was primarily attributed to the rise in average selling prices of products in the potash fertilizer market [1] - The revenue growth was partially offset by a decrease in sales volume during the period [1]

Financial Performance - Total revenue for the six months ended September 30, 2025, was approximately RMB 2,352.0 million, an increase of about 10.5% compared to RMB 2,128.2 million for the same period in 2024[2] - Profit for the six months ended September 30, 2025, was approximately RMB 92.0 million, representing a year-on-year increase of about 22.1% from RMB 75.3 million[2] - Basic earnings per share for the six months ended September 30, 2025, was RMB 0.10, an increase of approximately 11.1% compared to RMB 0.09 for the same period in 2024[2] - Gross profit for the six months ended September 30, 2025, was RMB 233.6 million, up from RMB 184.6 million in the previous year, reflecting a significant improvement in profitability[3] - The company reported a total comprehensive income of RMB 93.6 million for the six months ended September 30, 2025, compared to RMB 77.4 million in the previous year, reflecting overall growth[5] - The company reported a net profit of RMB 94,842,000 for the six months ended September 30, 2025, compared to RMB 80,690,000 for the same period in 2024, reflecting a growth of 17.5%[26] - The company's net profit for the six months ended September 30, 2026, was approximately RMB 92.0 million, a 22.1% increase from RMB 75.3 million in the prior year[49] Revenue Sources - Potassium chloride sales contributed RMB 2,170,456,000, up 13.5% from RMB 1,911,006,000 year-over-year[15] - The sales of potassium chloride and potassium sulfate accounted for approximately 92.3% and 6.7% of total revenue, respectively[37] Expenses and Costs - Research and development expenses for the six months ended September 30, 2025, were RMB 19.0 million, compared to RMB 16.8 million in the same period last year, indicating a focus on innovation[3] - Interest expenses on borrowings increased to RMB 11,830,000 from RMB 10,709,000, representing a rise of 10.5%[19] - The cost of inventory recognized as an expense was RMB 2,117,251,000, up from RMB 1,942,601,000, indicating an increase of 9.0%[23] - Cost of goods sold for the six months ended September 30, 2026, was approximately RMB 2,118.4 million, a 9.0% increase from RMB 1,943.7 million in the prior year[38] - General and administrative expenses increased by approximately 16.8% to about RMB 73.7 million, attributed to higher professional fees and business travel expenses[44] Assets and Liabilities - Total assets as of September 30, 2025, were RMB 4,001.7 million, a slight decrease from RMB 4,447.7 million as of March 31, 2025[6] - Current liabilities as of September 30, 2025, were RMB 1,710.0 million, down from RMB 2,161.9 million as of March 31, 2025, indicating improved liquidity management[6] - The company's equity attributable to owners was RMB 2,758.96 million as of September 30, 2025, compared to RMB 2,730.71 million as of March 31, 2025, showing a positive trend in shareholder value[7] - As of September 30, 2025, trade receivables amounted to RMB 184.7 million after deducting credit loss provisions, compared to RMB 312.3 million as of March 31, 2025[30] - The total amount of notes receivable as of September 30, 2025, was approximately RMB 203.3 million, an increase from RMB 129.9 million as of March 31, 2025[30] Dividends and Shareholder Returns - The company declared a final dividend of RMB 0.075 per share for the year ending March 31, 2025, compared to RMB 0.061 per share for the previous year, marking a 22.95% increase[24] - The board recommended a final dividend of RMB 0.075 per share for the year ended March 31, 2025, which was approved by shareholders and paid on October 10, 2025[66] - The board of directors decided not to declare any interim dividend for the six months of the 2026 fiscal year, consistent with the previous fiscal year[66] Strategic Initiatives - The company continues to focus on the production and trade of specialty potassium fertilizers in China, indicating a strategic commitment to its core business[9] - The company plans to establish a subsidiary in Vietnam to operate a new production facility, which is expected to meet the emerging demand in the Asian market[35] - The company has signed a memorandum of understanding to sublease a site for the new facility and is currently seeking necessary local approvals[35] - The company is evaluating strategic business development opportunities in the Middle East, aligning with its long-term global development strategy[35] - The company completed the registration and office leasing for its subsidiary in the Dubai International Financial Centre and Dubai Multi Commodities Centre Free Zone[35] Future Outlook - The company has outlined a future outlook with an expected revenue target of $500 million for the fiscal year 2026, representing a 10% growth year-over-year[77] - The company plans to implement a new marketing strategy that targets eco-conscious consumers, potentially increasing customer base by 18%[77] - The management has provided guidance for the next quarter, expecting a 5% increase in gross margin due to cost optimization strategies[77] Employee and Operational Metrics - As of September 30, 2025, the group had a total of 423 employees, a decrease from 428 employees as of March 31, 2025[65] - The total employee cost for the six months of the 2026 fiscal year was approximately RMB 32.2 million, compared to RMB 31.2 million for the same period in the 2025 fiscal year, reflecting an increase of 3.2%[65] Compliance and Governance - The audit committee reviewed the unaudited interim results for the six months of the 2026 fiscal year and confirmed compliance with applicable accounting principles and standards[70] - The board believes that having the same person serve as both chairman and CEO is beneficial for ensuring internal leadership consistency and effective strategic planning[68]

Core Viewpoint - The company, MiGao Group (09879.HK), has scheduled a board meeting on November 27, 2025, to discuss and approve its unaudited consolidated interim results for the six months ending September 30, 2025, along with other related matters [1] Summary by Categories - **Financial Performance** - The board will consider and approve the unaudited consolidated interim results for the six months ending September 30, 2025 [1] - **Dividends** - The board will also consider the payment of an interim dividend, if applicable [1] - **Share Registration** - The meeting will address the potential suspension of the company's share transfer registration, if necessary [1] - **Other Matters** - Additional matters will be handled during the board meeting as required [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。 米高集團控股有限公司（「本公司」連同其附屬公司（「本集團」））董事（「董事」）會 （「董事會」）茲通告謹定於2025年11月27日（星期四）舉行董事會會議，以（其中包 括）(i)考慮及批准本集團截至2025年9月30日止六個月之未經審核綜合中期業績及 其發佈；(ii)考慮派付中期股息（如有）；(iii)考慮及批准暫停辦理本公司股份過戶 登記（如有需要）；及(iv)處理其他事項（如有）。 承董事會命 米高集團控股有限公司 MIGAO GROUP HOLDINGS LIMITED 米高集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9879) 董事會會議通告 本公告於本公司網站 www.migaogroup.com 及聯交所網站 www.hkexnews.hk 可供查 閱。 主席兼執行董事 劉國才先生 香港，2025年11月17日 於本公告日期，董事會包括執行董事劉國才先生、孫平福先生及董本 ...

Industry Overview - The global potassium fertilizer market is experiencing a tightening supply-demand balance, leading to a steady increase in price levels, with the average domestic price of potassium chloride reaching 3237 RMB/ton as of November 10, reflecting a year-to-date increase of 28.66% and a year-on-year increase of 34.37% [1] - The industry gross profit for potassium chloride was reported at 1164 RMB/ton as of November 7, with an increase of approximately 400 RMB per ton compared to the same period last year [1] - Global potassium fertilizer demand is expected to grow at a compound annual growth rate (CAGR) of 3.2% from 2025 to 2027, driven by population growth and increasing focus on food security [1][2] - Limited new production capacity is anticipated until the end of 2026, with existing major producers facing increased mining costs, suggesting sustained high demand in the mid-term [1] Company Insights - **Migo Group (09879)**: Ranked fourth among Chinese potassium fertilizer companies, Migo Group has comprehensive capabilities in procurement, manufacturing, processing, and sales, providing a wide range of fertilizers [3] - **Sinochem Fertilizer (00297)**: Reported a 6% year-on-year increase in net profit for the first three quarters of 2025, with revenue of approximately 19.373 billion RMB and net profit of about 1.364 billion RMB [3] - **China Heart-to-Heart Fertilizer (01866)**: Achieved revenue of 17.96 billion RMB in the first three quarters of 2025, a 3.1% increase year-on-year, but experienced a 12.8% decline in adjusted net profit due to lower urea prices and production constraints from maintenance [4] - **China National Offshore Oil Corporation Chemical (03983)**: A leading company in the domestic fertilizer and methanol industry, with a total designed capacity of 1.84 million tons of urea and significant investments in phosphate resources [5]