Financial Performance - The Group's revenue for the six months ended 30 September 2025 was approximately RMB 748.16 million, representing a decrease of approximately 12.92% compared to the same period in the previous fiscal year[5]. - Profit attributable to owners for the Interim Period was approximately RMB 107.62 million, an increase from RMB 85.47 million in the previous year[9]. - Total comprehensive income attributable to owners for the Interim Period was approximately RMB 117.31 million, compared to RMB 87.85 million in the previous year[9]. - Basic earnings per share for the Interim Period was approximately RMB 0.030, up from RMB 0.024 in the previous year[9]. - The Group's gross profit for the Interim Period was approximately RMB 343.32 million, down from RMB 378.30 million in the previous year[7]. - Profit for the period was RMB 107,620,000 for the six months ended September 30, 2025, compared to RMB 85,474,000 for the same period last year, marking an increase of around 25.9%[17]. - Other comprehensive income for the period totaled RMB 9,686,000, contributing to a total comprehensive income of RMB 117,306,000 for the six months ended September 30, 2025[17]. - Profit before income tax for the period was RMB 226.252 million, compared to RMB 242.414 million for the same period in 2024, indicating a decrease of approximately 6.5%[41]. Expenses and Liabilities - Selling and distribution expenses decreased to RMB 17.60 million from RMB 30.78 million in the previous year, reflecting a reduction of approximately 42.7%[7]. - Administrative and other operating expenses increased to RMB 110.93 million from RMB 101.89 million in the previous year[7]. - Non-current liabilities decreased from RMB 1,128,039,000 as of March 31, 2025, to RMB 826,629,000 as of September 30, 2025, representing a reduction of approximately 26.7%[13]. - Current liabilities decreased to RMB 1,437.85 million from RMB 1,601.30 million as of 31 March 2025[11]. Assets and Equity - Non-current assets increased to RMB 3,620.58 million as of 30 September 2025, compared to RMB 3,298.31 million as of 31 March 2025[11]. - Net assets increased from RMB 2,175,488,000 as of March 31, 2025, to RMB 2,356,492,000 as of September 30, 2025, reflecting a growth of about 8.3%[13]. - Total equity rose from RMB 2,175,488,000 to RMB 2,356,492,000, indicating an increase of approximately 8.3%[13]. - Current assets were approximately RMB 1,301.80 million, with cash and cash equivalents at approximately RMB 605.89 million as of September 30, 2025[79][84]. Cash Flow - The company reported a total cash flow from operating activities for the six months ended September 30, 2025, which is detailed in the cash flow statement[18]. - Net cash generated from operating activities for the six months was RMB 215,394,000, a decrease of 4.6% from RMB 226,437,000 in the prior year[19]. - Net cash used in investing activities increased to RMB 340,714,000, compared to RMB 110,904,000 in the same period of 2024[19]. - Net cash generated from financing activities was RMB 98,257,000, contrasting with a net cash used of RMB 15,389,000 in the previous year[19]. - Cash and cash equivalents at the end of the period were RMB 605,890,000, down from RMB 632,545,000 at the beginning of the period[19]. - The company reported a net decrease in cash and cash equivalents of RMB 27,063,000, compared to an increase of RMB 100,144,000 in the same period last year[19]. Sales and Revenue Breakdown - For the six months ended 30 September 2025, external sales from mining operations amounted to RMB 461.485 million, while explosives trading and blasting services generated RMB 286.670 million, totaling RMB 748.155 million in segment revenue[40]. - Sales of explosives dropped significantly to RMB 195,450,000, a decrease of 56.4% compared to RMB 448,059,000 in the prior year[30]. - Revenue from the provision of blasting operations increased to RMB 101,630,000, up 69.7% from RMB 59,952,000 in the previous year[30]. - Sales of mineral concentrates rose to RMB 451,075,000, reflecting a 28.5% increase from RMB 351,186,000 in the same period last year[30]. - Revenue from explosive trading and blasting services decreased by approximately 43.58% compared to the same period in 2024[76]. - The Group's half-year revenue decreased by approximately 12.92% compared to the same period in 2024, primarily due to a 43.58% decline in sales of civil explosives driven by a downturn in the coal and coke industry[77]. Shareholding and Corporate Governance - As of September 30, 2025, Mr. Liu Fali holds 242,415,854 ordinary shares, representing 6.81% of the total shareholding[127]. - The total interests of parties to an agreement to acquire interests in the Company amount to 1,707,147,368 ordinary shares, which is 47.97% of the total shareholding[127]. - Ms. Ma Ye is a beneficial owner of 126,005,000 ordinary shares, accounting for 3.54% of the total shareholding[128]. - Shiny Ocean Holdings Limited holds 1,361,516,331 ordinary shares, representing 38.26% of the total shareholding[135]. - The interests of any parties to an agreement to acquire interests in the Company also include 588,046,891 ordinary shares, which is 16.52% of the total shareholding[135]. - The report indicates that no other directors or chief executives had any interests or short positions in shares as of September 30, 2025[131]. - The Company confirmed compliance with the required standards for directors' securities transactions during the six months ended September 30, 2025[147]. - The company has adhered to the corporate governance code principles and provisions, with the exception of certain deviations regarding insurance cover for directors and the separation of roles between the Chairman and Chief Executive Officer[153][155]. Operational Developments - The company continues to focus on the manufacturing and sale of explosives, as well as the provision of blasting operations and related services in the PRC[21]. - The construction of the detonator production line in Tajikistan is nearly complete and will begin production after safety assessments[117]. - The Tibet Tianren project has commenced full-scale construction and is expected to be operational by the end of 2026[117]. - The Group's management anticipates a rebound in civil explosives sales with the gradual recovery of the coal market[121]. - The second phase of the deep-mining project at Anhui Jinding is progressing steadily, expected to enhance the unit ore value further[122]. Employee and Staff Information - Staff costs for the six months ended September 30, 2025, amounted to RMB 102.03 million, with a total of 1,448 full-time employees as of the same date[106]. - As of September 30, 2025, the Group employed 1,448 full-time employees, an increase from 1,111 employees as of March 31, 2025[110].
比优集团(09893) - 2025 - 中期财报