Financial Performance - Revenue for the six months ended September 30, 2025, reached HK$1,094,789, a significant increase of 103% compared to HK$537,669 in the same period of 2024[24]. - Gross profit for the period was HK$115,056, representing a gross margin of approximately 10.5%, up from HK$49,717 in 2024[24]. - Profit for the period attributable to equity holders of the Company was HK$42,777, a substantial increase of 201% from HK$14,206 in the previous year[24]. - Earnings per share (basic) increased to HK$0.58, compared to HK$0.21 for the same period in 2024, reflecting a growth of 176%[24]. - Total comprehensive profit for the period was HK$80,206, compared to HK$24,773 in 2024, marking an increase of 224%[26]. - For the six months ended September 30, 2025, net profit for the period was HK$14,206,000, compared to HK$9,648,000 for the same period in 2024, representing a 47.5% increase[34]. - The Group's total comprehensive income for the period was HK$13,467,000, compared to HK$11,206,000 in the previous year, an increase of 20.2%[34]. Assets and Liabilities - Non-current assets increased to HK$1,253,767 as of September 30, 2025, up from HK$1,114,900 as of March 31, 2025[28]. - Current assets decreased slightly to HK$558,013 from HK$564,256 as of March 31, 2025[28]. - Net assets rose to HK$830,665, an increase from HK$749,549 as of March 31, 2025, indicating a growth of 11%[30]. - The company’s total liabilities remained stable at HK$545,516 as of September 30, 2025, compared to HK$544,642 as of March 31, 2025[30]. - The current ratio as of 30 September 2025 was approximately 1.02, slightly down from approximately 1.04 as of 31 March 2025[96]. - The Group's gearing ratio increased to approximately 24.8% as of 30 September 2025, compared to approximately 15.5% as of 31 March 2025[96]. - The Group's debt-to-asset ratio increased to approximately 24.8% as of September 30, 2025, compared to 15.5% on March 31, 2025[100]. Cash Flow and Investments - Net cash generated from operating activities decreased to HK$67,755,000 from HK$121,917,000 year-over-year, a decline of 44.4%[36]. - Cash and cash equivalents at the end of the period were HK$13,817,000, down from HK$68,403,000, reflecting a decrease of 79.8%[36]. - The net cash used in investing activities was HK$147,612,000, significantly higher than HK$49,000,000 in the previous year[36]. - The Group's total expenditure for mine development and mineral exploration during the Reporting Period was approximately HK$147.6 million[128]. - Aggregate expenditure on ore mining operations during the Reporting Period was approximately HK$26.6 million[129]. Corporate Governance - The company confirmed that the information contained in the report is accurate and complete in all material respects, with no misleading or deceptive elements[10]. - The board of directors collectively accepts full responsibility for the report, ensuring compliance with the GEM Listing Rules[10]. - The report includes details about the company's corporate governance structure, including the board of directors and various committees[17]. - The Company has complied with all Code Provisions of the Corporate Governance Code during the Reporting Period, except for the separation of roles between the chairman and chief executive[155]. Shareholder Information - The Company issued new shares amounting to HK$41,180,000 during the period[34]. - The Group issued 1,038,600,000 new shares at a price of HK$0.275 per share, increasing the total number of issued shares to 8,466,801,720[106]. - The net proceeds from the Subscription amounted to approximately HK$41.1 million, with HK$35.5 million utilized by September 30, 2025[125]. - The Group aims to steadily and rapidly increase its gold mining and production output over the next few years through a robust growth strategy, including organic development and potential acquisitions[130]. Operational Highlights - The Group operates two segments: Gold Mining Division and Corporate Division, with segment results excluding finance costs[46]. - The Company’s principal activities include gold exploration, mining, mineral processing, and refinery, with gold concentrates and gold ingots as products[38]. - The Group's exploration program will continue in both permitted mining areas and potential acquisition areas, targeting additional gold resources and reserves[138]. - The Group has established an AI mining joint venture to enhance operational efficiency and diversify revenue streams, alongside plans to venture into live-stream e-commerce for gold ornaments[139]. Share Option Scheme - The Company has adopted the Share Option Scheme with a maximum of 149,678,216 options available for grant, representing 10% of the total shares issued as of September 27, 2021[163]. - The overall limit for shares issued upon exercise of all outstanding options under the Share Option Scheme shall not exceed 30% of the total shares in issue[164]. - The total number of shares available for issue under the Share Option Scheme is 89,806,930, representing 1.21% of the issued shares of the Company[180]. - The total number of share options granted during the year ended 30 September 2025 is shown in the report, with specific details on participants and exercise prices[186]. - The Company has not issued any shares in respect of options granted under the Share Option Scheme during the reporting period[181].
大唐黄金(08299) - 2026 - 中期业绩