Financial Performance - The Group's revenue for the six months ended 30 September 2021 was approximately RMB 784.99 million, representing an increase of approximately 6.26% compared to the corresponding period in the previous fiscal year[7]. - Profit attributable to owners for the Interim Period was approximately RMB 85.54 million[7]. - Total comprehensive income attributable to owners of the Company was approximately RMB 86.39 million for the Interim Period[7]. - Basic earnings per share for the Group was approximately RMB 0.024 for the Interim Period[7]. - The Group's profit before income tax for the six months ended 30 September 2021 was RMB 180.48 million, compared to RMB 249.87 million for the same period in 2020, indicating a decrease of 27.7%[32]. - The profit attributable to owners of the Company for the six months ended September 30, 2021, was RMB 85,535,000, down from RMB 121,720,000 in the same period of 2020, representing a decrease of approximately 30%[43]. - The company reported a profit for the period of RMB 86,586, compared to RMB 21,259 in the previous year, indicating a substantial increase in profitability[19]. - The company reported a total comprehensive income for the period of RMB 156,781, compared to RMB 70,790 for the same period last year, reflecting a growth of approximately 109.5%[19]. Dividends and Shareholder Returns - The Board recommended the payment of an interim dividend of HK$0.01 per share[7]. - The interim dividend proposed is HK$0.01 per share, consistent with the interim dividend for the six months ended September 30, 2020[43]. - The company paid dividends to non-controlling interests amounting to RMB 28,538 during the period, compared to RMB 29,588 in the previous year[19]. Assets and Liabilities - Current assets amounted to RMB 1,285.27 million, compared to RMB 1,043.30 million as of 31 March 2021[13]. - Current liabilities totaled RMB 1,057.10 million, compared to RMB 1,028.37 million as of 31 March 2021[13]. - Net current assets increased to RMB 228.17 million from RMB 14.92 million as of 31 March 2021[13]. - Total assets less current liabilities were RMB 1,965.14 million, compared to RMB 1,687.28 million as of 31 March 2021[13]. - As of September 30, 2021, total equity increased to RMB 1,300,526, up from RMB 1,167,267 as of March 31, 2021, representing an increase of approximately 11.4%[15]. - The company’s net assets rose to RMB 1,300,526 as of September 30, 2021, reflecting a strong financial position[15]. - The Group's current liabilities were approximately RMB 1,057.10 million, compared to RMB 1,028.37 million as of March 31, 2021[71]. - The gearing ratio as of September 30, 2021, was 31.93%, slightly down from 32.23% as of March 31, 2021, calculated from total debts of approximately RMB 964.92 million[74]. Cash Flow - Net cash generated from operating activities for the six months ended September 30, 2021, was RMB 108,193, a decrease of 39.2% compared to RMB 178,250 for the same period in 2020[22]. - Net cash used in investing activities was RMB 54,593 for the six months ended September 30, 2021, compared to RMB 99,545 in the prior year, indicating a reduction in cash outflow[22]. - Cash and cash equivalents at the end of the period increased to RMB 431,491, up from RMB 146,059 at the end of September 2020, marking a significant increase[22]. - The net cash used in financing activities was RMB 146,119, a significant increase from a net cash outflow of RMB 98,076 in the same period last year[22]. Segment Performance - Revenue from the sale of explosives was RMB 266.58 million, while blasting operations generated RMB 453.07 million, and mining operations contributed RMB 65.34 million for the same period[25]. - The segment profit from explosives trading and blasting services was RMB 192.40 million, while the mining operation segment reported a loss of RMB 463,000[32]. - The Group's external sales for the mining operation segment were RMB 65.34 million, while the bulk mineral trade segment did not report any external sales during the period[32]. - Segment revenue for the three months ended September 30, 2021, was RMB 314,649,000, compared to RMB 331,228,000 for the same period in 2020, reflecting a decrease of approximately 5%[35]. - The segment profit for the explosives trading segment for the three months ended September 30, 2021, was RMB 122,092,000, compared to a loss of RMB 298,000 in the previous year[35]. Operational Highlights - The Group operates primarily in the People's Republic of China, with business activities transacted in Renminbi (RMB)[24]. - The Group's business activities include manufacturing and sale of explosives, provision of blasting operations, and mining operations[24]. - The Group has identified three reportable operating segments: mining operation, explosives trading and blasting services, and bulk mineral trade[28]. - For the six months ended September 30, 2021, Anhui Jinding drilled 18 underground drillholes totaling 1,224.91 meters and commenced commercial production in July 2021[77]. - The processing plant processed a total of 186,307 tonnes of raw ore, producing 1,952.6 tonnes of copper concentrate with an average grade of 19.96%[78]. - A total of 50,315.7 tonnes of sulfur concentrate was produced at an annual average grade of 48.23%[78]. - The Group successfully expanded its business into the mining sector following the acquisition of Jinding Mining, which began commercial production in the second quarter[84]. - The Group aims to ensure the mining business operates at full capacity as soon as possible to achieve original production targets and maximize economic benefits for shareholders[84]. - The Group will continue to develop its civilian explosives business alongside the mining operations[84]. Corporate Governance - The interim financial statements were reviewed by the Audit Committee and approved by the board of directors on 12 November 2021[24]. - The company has complied with all code provisions as set out in the Code on Corporate Governance Practices throughout the review period[109]. - The audit committee, composed of three independent non-executive Directors, has reviewed and commented on the interim report for the six months ended September 30, 2021[115]. - The company has established an audit committee in compliance with GEM Listing Rules and code provisions[115]. - The company has maintained a consistent governance structure with independent oversight through its audit committee[117]. - The company has ensured compliance with securities transaction standards throughout the review period[114]. Shareholding Structure - As of September 30, 2021, Mr. Liu Fali held 242,415,854 ordinary shares, representing approximately 6.81% of the total shareholding[86]. - The total interests of parties to an agreement to acquire interests in the Company amounted to 1,659,687,368 ordinary shares, which is approximately 46.64% of the total shareholding[86]. - Ms. Ma Ye held 126,005,000 ordinary shares, representing approximately 3.54% of the total shareholding[89]. - The interests of Mr. Ma Suocheng and associated parties in the Company were disclosed under the Securities and Futures Ordinance, indicating significant shareholding concentrations[91]. - As of September 30, 2021, Shiny Ocean holds 1,361,516,331 ordinary shares, representing approximately 38.26% of the total shareholding[98]. - Mr. Ma Suocheng has interests in 1,902,103,222 ordinary shares, which accounts for 53.45% of the total shareholding[98]. - Ms. Ma Xia holds 172,166,037 ordinary shares, representing 4.84% of the total shareholding[99]. - The total number of issued shares of the Company as of September 30, 2021, is used to calculate the shareholding percentages[100]. - The entire issued share capital of Ma Family Holdings Co. Limited is owned by Equity Trustee Limited, which acts as a trustee for the Ma Family Trust[101]. - As of September 30, 2021, none of the Directors or chief executives had any interests or short positions in the shares of the Company that required disclosure[94]. - The shareholding percentages are calculated based on the number of issued shares as of September 30, 2021[93]. - Crystal Sky Development Inc. holds 34,024,908 shares, with Ms. Qin deemed to be interested in all shares due to ownership with her husband[5]. - Fabulous Seeker Holdings Limited has interests in 80,811,927 shares, fully owned by Mr. Xiong Zeke[4]. - Pin On Everest Asset Holdings Ltd holds 3,660,000 shares, with Mr. Ma Tianyi as the sole owner[6]. - As of September 30, 2021, the company had not been notified of any other person with a discloseable interest in shares, apart from the Directors or chief executive[103]. - During the six months ended September 30, 2021, neither the company nor its subsidiaries purchased, sold, or redeemed any of the company's listed shares[107]. - The company has not disclosed any significant changes in shareholding interests among the Directors or their associates as of September 30, 2021[106].
比优集团(08053) - 2022 - 中期财报