Financial Highlights New Trend Group reported strong 2025 interim results, with revenue up 54.3% to RMB 334.8 million and profit for the period increasing 586.4% to RMB 24.4 million, with no interim dividend recommended | Indicator | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Revenue | 334,798 | 217,015 | | Gross Profit | 77,948 | 22,098 | | Gross Margin | 23.3% | 10.2% | | Profit for the Period | 24,375 | 3,551 | | Net Margin | 7.3% | 1.6% | | Profit Attributable to Owners of the Company | 24,375 | 3,551 | | Basic Earnings Per Share (RMB) | 0.28 | 0.04 | - Total revenue was approximately RMB 334.8 million, an increase of approximately 54.3% compared to approximately RMB 217.0 million in the same period last year3 - Gross profit was approximately RMB 77.9 million, an increase of approximately 252.7% from approximately RMB 22.1 million in the same period of 2024. Gross margin was 23.3%, an increase of approximately 13.1 percentage points from 10.2% in the same period of 20244 - Profit for the period was approximately RMB 24.4 million, an increase of approximately 586.4% from approximately RMB 3.6 million in the same period of 20244 - The Board recommended no interim dividend for the six months ended June 30, 20255 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income This section presents the condensed consolidated statement of profit or loss and other comprehensive income, highlighting significant growth in key financial metrics for the period | Indicator | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Revenue | 334,798 | 217,015 | | Cost of Sales | (256,850) | (194,917) | | Gross Profit | 77,948 | 22,098 | | Other Income, Gains and Losses | 6,461 | 12,245 | | Selling and Distribution Expenses | (2,696) | (2,106) | | Administrative Expenses | (19,915) | (12,845) | | Research and Development Costs | (12,007) | (7,130) | | Listing Expenses | (12,661) | (7,633) | | Impairment Loss under Expected Credit Loss Model | (4,163) | (900) | | Finance Costs | (4,614) | (1,352) | | Profit Before Tax | 28,353 | 2,377 | | Income Tax (Expense) Credit | (3,978) | 1,174 | | Profit for the Period | 24,375 | 3,551 | | Exchange Differences on Translation of Overseas Operations | 3,116 | (4,596) | | Total Comprehensive Income (Expense) for the Period | 27,491 | (1,045) | | Basic and Diluted Earnings Per Share | 0.28 | 0.04 | Condensed Consolidated Statement of Financial Position The statement of financial position as of June 30, 2025, reflects significant asset growth, driven by current assets and cash, with non-current liabilities increasing due to borrowing restructuring, yet overall equity improved | Indicator | June 30, 2025 (RMB thousands) | December 31, 2024 (RMB thousands) | | :--- | :--- | :--- | | Non-current Assets | | | | Property, Plant and Equipment | 390,581 | 386,389 | | Right-of-use Assets | 20,640 | 12,465 | | Deferred Tax Assets | 19,986 | 17,891 | | Total Non-current Assets | 432,184 | 418,607 | | Current Assets | | | | Inventories | 112,644 | 91,903 | | Trade and Bills Receivables | 302,533 | 224,613 | | Bank Balances and Cash | 250,087 | 51,469 | | Total Current Assets | 693,740 | 394,301 | | Current Liabilities | | | | Trade and Bills Payables | 119,399 | 96,285 | | Bank Borrowings | 144,600 | 74,700 | | Other Borrowings | 11,256 | 95,650 | | Total Current Liabilities | 352,976 | 325,608 | | Net Current Assets | 340,764 | 68,693 | | Non-current Liabilities | | | | Other Borrowings | 79,715 | – | | Total Non-current Liabilities | 94,554 | 8,181 | | Net Assets | 678,394 | 479,119 | | Total Equity | 678,394 | 479,119 | Notes to the Condensed Consolidated Interim Financial Statements This section provides detailed notes to the condensed consolidated interim financial statements, covering company information, accounting policies, segment revenue, asset and liability composition and changes, borrowings, share capital movements, related party transactions, and financial instrument classification, offering essential context and details for understanding the financial statements 1. General Information New Trend Group Co., Ltd. was established in China in 2006, renamed in February 2025, and listed on the Main Board of the Stock Exchange on June 10, 2025, primarily engaged in the production and sale of food-grade glycine, industrial-grade glycine, and sucralose - The Company was listed on the Main Board of The Stock Exchange of Hong Kong Limited on June 10, 202510 - The Group is principally engaged in the production and sale of food-grade glycine, industrial-grade glycine, and sucralose10 2. Basis of Preparation The unaudited condensed consolidated interim financial statements are prepared in accordance with the Listing Rules of The Stock Exchange of Hong Kong Limited and HKAS 34 "Interim Financial Reporting" issued by the HKICPA, and should be read in conjunction with the historical financial information disclosed in Appendix I of the Company's prospectus - The unaudited condensed consolidated interim financial statements have been prepared in accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Hong Kong Accounting Standard 34 "Interim Financial Reporting" issued by the Hong Kong Institute of Certified Public Accountants12 3. Application of Amendments to Hong Kong Financial Reporting Standards During the current interim period, the Group first applied the revised HKFRSs issued by the HKICPA that are mandatorily effective for annual periods beginning on or after January 1, 2025, which did not have a significant impact on the financial position and performance - The application of the amended HKFRSs in the current period has had no material impact on the Group's financial position and performance and/or disclosures in these unaudited condensed consolidated interim financial statements for the current and prior periods14 4. Critical Accounting Estimates and Judgements The preparation of the condensed consolidated interim financial statements involves management's judgments, estimates, and assumptions, which are consistent with the accounting policies, key accounting estimates, and judgments adopted in the historical financial information disclosed in Appendix I of the Company's prospectus - The unaudited condensed consolidated interim financial statements have been prepared using the same accounting policies, key accounting estimates, and judgments as those applied in the historical financial information disclosed in Appendix I to the Company's prospectus15 5. Revenue and Segment Information The Group's revenue primarily derives from the sale of sucralose, food-grade glycine, and industrial-grade glycine products, with sucralose sales showing significant growth. Due to resource integration, the Group does not present asset and liability segment information, and all revenue is recognized at a point in time. The geographical distribution of revenue indicates strong growth in the North American market Revenue from Contracts with Customers by Major Product Line | Product | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Sale of Sucralose Products | 152,064 | 70,125 | | Sale of Food-grade Glycine Products | 141,428 | 110,070 | | Sale of
新琪安(02573) - 2025 - 中期业绩