Financial Performance - For the six months ended September 30, 2025, the company recorded revenue of approximately RMB 301.1 million, a decrease of about RMB 39.8 million or approximately 11.7% compared to the same period in 2024[3]. - The company reported a loss of approximately RMB 55.1 million for the six months ended September 30, 2025, an increase of about 18.9 million or approximately 52.1% compared to the loss in 2024[3]. - Basic loss per share for the six months ended September 30, 2025, was RMB 0.05, an increase of RMB 0.02 from RMB 0.03 in the same period of 2024[3]. - The group's revenue for the six months ended September 30, 2025, was RMB 301,146,000, a decrease of 11.6% compared to RMB 340,904,000 for the same period in 2024[15]. - For the six months ended September 30, 2025, the company recorded a net loss of approximately RMB 55.1 million, an increase of about 52.1% compared to a net loss of approximately RMB 36.2 million for the same period in 2024[35]. - Revenue decreased to RMB 301.1 million for the six months ended September 30, 2025, a decline of approximately 11.7% from RMB 340.0 million for the same period in 2024[37]. - The company's overall gross profit decreased to RMB 24.5 million for the six months ended September 30, 2025, a decline of approximately 49.0% from RMB 48.0 million for the same period in 2024[39]. - The overall gross profit margin fell from approximately 14.1% for the six months ended September 30, 2024, to about 8.1% for the same period in 2025[39]. Assets and Liabilities - Total assets as of September 30, 2025, amounted to RMB 2,990.7 million, a decrease from RMB 3,107.2 million as of March 31, 2025[7]. - Total liabilities as of September 30, 2025, were RMB 1,743.3 million, down from RMB 1,804.8 million as of March 31, 2025[8]. - Non-current assets totaled RMB 1,762.8 million as of September 30, 2025, compared to RMB 1,875.7 million as of March 31, 2025[7]. - Current assets were RMB 1,227.9 million as of September 30, 2025, slightly down from RMB 1,231.5 million as of March 31, 2025[8]. - The company’s cash and cash equivalents were RMB 133.1 million as of September 30, 2025, compared to RMB 145.5 million as of March 31, 2025[7]. - The company’s equity attributable to owners was RMB 1,245.1 million as of September 30, 2025, down from RMB 1,300.7 million as of March 31, 2025[8]. - Non-current bank loans (secured) amounted to RMB 385.2 million as of September 30, 2025, compared to RMB 413.6 million as of March 31, 2025[29]. - Current bank loans (secured) were RMB 454.0 million as of September 30, 2025, compared to RMB 442.5 million as of March 31, 2025[29]. - Total borrowings amounted to RMB 1,099.4 million as of September 30, 2025, compared to RMB 1,122.6 million as of March 31, 2025[30]. Dividends - The company did not declare an interim dividend for the six months ended September 30, 2025[4]. - The group has not declared any dividends for the six months ended September 30, 2025, consistent with the previous year[20]. Taxation - The estimated average annual tax rate for the six months ended September 30, 2025, was 15.1%, compared to 5.3% for the same period in 2024[19]. - The group has confirmed that its subsidiaries in China are subject to a corporate income tax rate of 25%[18]. Expenses - Employee benefits expenses totaled approximately RMB 55.9 million for the six months ended September 30, 2025, an increase of 37.1% compared to the same period in 2024, mainly due to the transition of subcontracted work to in-house employees[58]. - R&D expenses increased from approximately RMB 10.2 million for the six months ended September 30, 2024, to approximately RMB 10.3 million for the same period in 2025, mainly due to an increase in patent development projects[41]. - Sales and distribution expenses decreased by approximately 10.2% from approximately RMB 8.2 million for the six months ended September 30, 2024, to approximately RMB 7.3 million for the same period in 2025, primarily due to reduced marketing and consulting costs[42]. - General and administrative expenses were approximately RMB 37.6 million for the six months ended September 30, 2025, a slight increase of approximately RMB 0.1 million or about 0.3% compared to RMB 37.5 million for the same period in 2024[43]. - Financing costs decreased by approximately RMB 0.5 million or about 1.6% to approximately RMB 32.4 million for the six months ended September 30, 2025, from RMB 33.0 million for the same period in 2024, mainly due to lower interest rates[44]. Corporate Governance - An audit committee has been established to review and supervise the financial reporting process and internal audit functions, consisting of three independent non-executive directors[65]. - The audit committee reviewed the unaudited interim consolidated financial results for the six months ending September 30, 2025, and found no disagreements regarding the accounting principles and practices used[65]. - The interim results announcement has been published on the Hong Kong Stock Exchange and the company's website, containing all relevant information required by listing rules[66]. - The interim report includes disclosures that comply with applicable accounting standards and listing requirements[65]. - The company has adopted a code of conduct for directors' securities trading, confirming compliance with the standards set forth until September 30, 2025[64]. Future Outlook - The company is focusing on clean energy projects and expanding into overseas markets as key development directions for the future[36]. - The company managed a total of 1,135 tower cranes in China to meet various EPC project demands as of September 30, 2025[34].
达丰设备(02153) - 2026 - 中期业绩