Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 193,652,000, an increase of 8.2% compared to HKD 178,204,000 for the same period in 2024[12] - Gross profit decreased to HKD 75,282,000 from HKD 96,171,000, representing a decline of 21.7% year-over-year[12] - The company reported a net loss of HKD 3,441,000 for the period, compared to a profit of HKD 47,143,000 in the previous year[12] - Total comprehensive income for the period was HKD 7,080,000, down from HKD 23,241,000 in the same period last year[12] - The company’s basic loss per share was HKD (0.44), compared to earnings per share of HKD 6.18 in the previous year[12] - The company experienced a foreign exchange loss of HKD 915,000, contrasting with a gain of HKD 14,538,000 in the prior year[12] - The total comprehensive income for the six months ended September 30, 2025, was HKD 6,974,000, compared to a loss of HKD 3,375,000 in the previous period[15] - The company reported a loss of HKD 3,375,000 during the period, which contributed to a total equity of HKD 247,723,000 as of September 30, 2025[15] - The company reported a pre-tax profit of HKD 2,748,000, slightly down from HKD 2,842,000 in the previous year[42] - The company reported a loss attributable to shareholders of HKD 3,375,000, compared to a profit of HKD 47,334,000 for the same period in 2024, representing a significant decline[48] Assets and Liabilities - Non-current assets increased to HKD 411,492,000 as of September 30, 2025, compared to HKD 376,429,000 as of March 31, 2025, reflecting a growth of 9.3%[13] - Cash and cash equivalents rose to HKD 282,336,000 from HKD 248,219,000, indicating an increase of 13.7%[13] - Current liabilities increased to HKD 370,472,000 from HKD 325,184,000, marking a rise of 13.9%[13] - The company's non-current liabilities rose to HKD 89,580,000 from HKD 77,496,000, marking an increase of 15.5%[14] - The company's total assets as of September 30, 2025, amounted to HKD 337,303,000, up from HKD 318,139,000, reflecting a growth of 6.0%[14] - The total liabilities increased to HKD 460,052,000 as of September 30, 2025, compared to HKD 402,680,000 as of March 31, 2025, representing an increase of approximately 14.2%[35] - Current liabilities exceeded current assets by approximately HKD 74,189,000, raising significant doubts about the group's ability to continue as a going concern[27] Cash Flow - Operating cash inflow for the six months ended September 30, 2025, was HKD 81,548,000, a decrease of 34.9% compared to HKD 125,300,000 for the same period in 2024[22] - Net cash from operating activities for the same period was HKD 72,276,000, down 39.7% from HKD 119,906,000 in 2024[22] - Total cash outflow for investment activities was HKD 56,394,000, slightly increased from HKD 56,325,000 in the previous year[22] - Financing activities generated a net cash inflow of HKD 15,021,000, compared to a cash outflow of HKD 673,000 in the prior period[22] - The net increase in cash and cash equivalents was HKD 30,903,000, down from HKD 62,908,000 in the previous year[22] Business Segments - The coal business generated revenue of HKD 191,690,000, while the renewable energy business contributed HKD 1,962,000, and the IT services business reported no revenue for the period[33] - The renewable energy business's revenue increased from HKD 1,814,000 in 2024 to HKD 1,962,000 in 2025, marking a growth of approximately 8.1%[37] - Coal sales contributed HKD 191,690,000 to revenue, up 10.2% from HKD 173,906,000 in the previous year[40] - The IT services business generated no revenue during the reporting period, a decrease of approximately HKD 2,484,000 or 100% compared to the previous year[86] Capital Expenditure and Investments - The company invested HKD 15,395,000 in property, plant, and equipment during the period, compared to HKD 3,825,000 in the same period last year, indicating a significant increase in capital expenditure[33] - The company has acquired new mining rights for the expanded Kaiyuan coal mine, with a purchase price of RMB 160,978,000, valid for 30 years starting from August 2019[110] - The company has committed to significant capital investments in equipment and facilities to support the phased expansion of mining activities[116] Shareholder Information - The company has a total of 765,373,584 ordinary shares issued and fully paid as of September 30, 2025[68] - Major shareholders, including Jin Biao Investment Limited, hold approximately 205.08% of the issued shares[135] - The company did not declare or recommend any interim dividends for the six months ended September 30, 2025[47] Governance and Compliance - The company has complied with the Corporate Governance Code, except for the deviation regarding the separation of the roles of Chairman and CEO, which are held by the same individual[139] - The Audit Committee consists of three independent non-executive directors and has reviewed the group's accounting principles and interim financial information[144]
南南资源(01229) - 2026 - 中期财报