Financial Performance - The company's revenue for the six months ended September 30, 2025, was RMB 26,363,000, a decrease of 6.2% compared to RMB 28,232,000 for the same period in 2024[4]. - Gross profit for the same period was RMB 10,363,000, slightly up from RMB 10,133,000, indicating a gross margin improvement[4]. - The company reported a pre-tax loss of RMB 4,398,000, compared to a loss of RMB 3,145,000 in the previous year, reflecting a 40% increase in losses[4]. - The net loss attributable to the owners of the company was RMB 4,534,000, compared to RMB 3,247,000 in the prior year, representing an increase of 39.6%[4]. - Basic and diluted loss per share was RMB 2.85 for the six months ended September 30, 2025, compared to RMB 2.04 for the same period in 2024[22]. - The company reported a net loss of RMB 4,534,000 for the six months ended September 30, 2025, compared to a net loss of RMB 3,247,000 in the same period of 2024[22]. Assets and Liabilities - Total assets as of September 30, 2025, were RMB 118,558,000, a decrease from RMB 123,045,000 as of March 31, 2025[6]. - Current liabilities increased to RMB 32,875,000 from RMB 23,290,000, indicating a significant rise in short-term obligations[5]. - The company’s equity totalled RMB 107,390,000 as of September 30, 2025, down from RMB 112,170,000 at the end of the previous reporting period[6]. - Total trade receivables amounted to RMB 57,263,000 as of September 30, 2025, compared to RMB 45,535,000 as of March 31, 2025[26]. - Trade payables rose to RMB 9,777,000 as of September 30, 2025, compared to RMB 4,964,000 on March 31, 2025, reflecting a 96% increase[35]. - The company reported total loans and interest receivables of RMB 9,728,000 as of September 30, 2025, a decrease of 8.6% from RMB 10,640,000 on March 31, 2025[30]. Revenue Breakdown - Revenue from drilling mud sales was RMB 8,038,000, down 8.0% from RMB 8,739,000 in the previous year[13]. - Revenue from metallurgical bentonite was RMB 9,632,000, a decrease of 11.0% from RMB 10,829,000 in 2024[13]. - Wealth management service income increased to RMB 7,562,000, up 3.8% from RMB 7,285,000 in the previous year[13]. - The revenue from bentonite products decreased from approximately RMB 19.6 million to about RMB 17.7 million during the reporting period[45]. - Bentonite mining revenue decreased by approximately 9.7% to about RMB 17.7 million, primarily due to a downturn in the steel industry and declining market demand for bentonite products[59]. - Financial services revenue decreased by approximately 2.1% to about RMB 8.4 million, influenced by a 53% drop in financial guarantee fee income and a 20.6% decrease in loan interest income[60]. Expenses and Costs - Total sales costs decreased by approximately 11.6% to about RMB 16.0 million from RMB 18.1 million in the previous period, attributed to reduced financial management service commission expenses and lower costs in the bentonite mining business[62]. - Selling and distribution expenses increased by approximately 41.2% from about RMB 1.6 million to approximately RMB 2.3 million, primarily due to higher transportation and logistics costs[71]. - Administrative and other expenses rose by approximately 8.7% from about RMB 12.6 million to approximately RMB 13.7 million, driven by increased administrative costs to support wealth management services[72]. Cash Flow and Liquidity - The company’s cash and cash equivalents rose to RMB 12,368,000 from RMB 5,961,000, showing improved liquidity[5]. - Cash and cash equivalents increased to RMB 11,690,000 as of September 30, 2025, up from RMB 5,283,000 on March 31, 2025[33]. - The company incurred capital expenditures of approximately RMB 1,453,000 for property, plant, and equipment during the reporting period[23]. Corporate Governance and Compliance - The company has adopted the corporate governance code as per GEM Listing Rules and has complied with all provisions during the reporting period[97]. - The board consists of six directors, including three independent non-executive directors, ensuring a balance of power and independent opinions[98]. - The company has established a written guideline for securities trading for employees and directors, ensuring compliance with GEM Listing Rules[99]. Shareholding and Dividends - As of September 30, 2025, the total shareholding of directors and senior management in the company accounted for approximately 55.06% of the issued shares[91]. - The company did not declare or propose any dividends during the reporting period[20]. - The company did not recommend an interim dividend for the reporting period[101]. Market and Business Strategy - The group plans to deepen cooperation with suppliers and enrich its product lineup to strengthen its business presence in the Greater China region and international markets[54]. - The group aims to expand its premium and eco-friendly brand portfolio and enhance collaboration with suppliers and distribution partners in the Greater China region[90]. - The group plans to focus on high-margin general insurance business and enhance customer experience through digital tools in response to the evolving insurance market in Hong Kong[89].
倍搏集团(08331) - 2026 - 中期业绩