Financial Performance - The Group's revenue for the six months ended September 30, 2022, was approximately RMB 760.64 million, representing a decrease of approximately 3.10% compared to the corresponding period in the previous fiscal year[7]. - Profit attributable to owners for the Interim Period was approximately RMB 96.43 million[8]. - Total comprehensive income attributable to owners of the Company for the Interim Period was approximately RMB 97.98 million[9]. - Basic earnings per share for the Interim Period was approximately RMB 0.027[10]. - The profit for the period attributable to owners of the Company was RMB 96,431,000 for the six months ended 30 September 2022, compared to RMB 85,535,000 for the same period in 2021, representing an increase of approximately 12.1%[45]. - Revenue from the sale of explosives and provision of blasting operations and mining engineering was RMB 336,940,000, compared to RMB 453,071,000 in the previous year, reflecting a decline of 25.6%[31]. - Sales of mineral concentrates increased significantly to RMB 197,280,000 from RMB 65,343,000, marking a growth of 201.5% year-on-year[31]. - Segment profit for the sale of mineral concentrates was RMB 56,189,000, while the overall profit before income tax for the six months was RMB 197,933,000[34]. - The Group's external sales for the three months ended 30 September 2022 were RMB 291,472,000, down from RMB 331,228,000 in the same quarter of 2021[31]. - The segment profit for the sale of explosives and mining engineering was RMB 149,662,000, contributing significantly to the overall performance despite a decrease in revenue[34]. Assets and Liabilities - Current assets amounted to approximately RMB 1,538.33 million as of September 30, 2022[19]. - Current liabilities totaled approximately RMB 1,213.48 million as of September 30, 2022[19]. - Net current assets increased to approximately RMB 324.85 million as of September 30, 2022[19]. - Total assets less current liabilities were approximately RMB 2,130.16 million as of September 30, 2022[19]. - Total equity attributable to owners of the Company as of 30 September 2022 was RMB 1,571,855, an increase from RMB 1,436,599 as of 31 March 2022[21]. - Non-current liabilities decreased to RMB 533,854 as of 30 September 2022 from RMB 564,854 as of 31 March 2022[21]. - The Company reported net assets of RMB 1,571,855 as of 30 September 2022, up from RMB 1,436,599 as of 31 March 2022[21]. - The Company’s total equity as of 30 September 2022 was RMB 1,571,855, reflecting a strong financial position[21]. - Trade receivables, net, were RMB 171,802,000 as of 30 September 2022, compared to RMB 151,056,000 as of 31 March 2022, indicating an increase of approximately 13.8%[51]. - Bills receivables amounted to RMB 467,849,000 as of 30 September 2022, up from RMB 415,663,000 as of 31 March 2022, reflecting a growth of about 12.5%[51]. Cash Flow - Net cash generated from operating activities for the six months ended 30 September 2022 was RMB 80,156, a decrease of 41.5% compared to RMB 137,166 for the same period in 2021[27]. - Net cash used in investing activities was RMB 10,543 for the six months ended 30 September 2022, compared to RMB 46,512 in the same period of 2021, indicating a significant reduction in investment outflows[27]. - Net cash (used in)/generated from financing activities was RMB (105,420) for the six months ended 30 September 2022, contrasting with a net inflow of RMB 109,065 in the same period of 2021[27]. - Cash and cash equivalents at the end of the period were RMB 592,437, a decrease from RMB 623,396 at the beginning of the period[27]. - The Company’s cash and cash equivalents decreased by RMB 35,807 during the period, compared to an increase of RMB 199,719 in the previous year[27]. Dividends - The Board does not recommend the payment of an interim dividend[12]. - The Company does not recommend the payment of an interim dividend for the current period, compared to HK$0.01 per share in the previous year[44]. - The Company paid dividends totaling RMB 31,312 during the six months ended 30 September 2022[27]. Shareholding Structure - As of September 30, 2022, Mr. Liu Fali holds 242,415,854 ordinary shares, representing approximately 6.81% of the total shareholding[97]. - Mr. Liu Fali also has interests in an agreement to acquire 1,659,687,368 ordinary shares, which accounts for approximately 46.64% of the total shareholding[97]. - Ms. Ma Ye is a beneficial owner of 126,005,000 ordinary shares, representing about 3.54% of the total shareholding[100]. - The total number of shares held by parties to an agreement to acquire interests in the Company is 1,776,098,222 ordinary shares, which is approximately 49.91% of the total shareholding[100]. - Mr. Xiong Zeke has interests in 80,811,927 ordinary shares through a controlled corporation, accounting for approximately 2.27% of the total shareholding[97]. - Ms. Qin Chunhong holds 34,024,908 ordinary shares, representing approximately 0.96% of the total shareholding[97]. - The percentage of shareholding is calculated based on the number of issued shares of the Company as of September 30, 2022[102]. - Mr. Ma Tianyi has interests in 5,480,000 ordinary shares, which is approximately 0.15% of the total shareholding[100]. - The Company has a significant concentration of shareholding, with major shareholders holding substantial percentages[100]. - The interests of Fabulous Seeker Holdings Limited in 80,811,927 shares are attributed to Mr. Xiong Zeke, who is deemed to be interested in these shares[102]. - As of September 30, 2022, Shiny Ocean Holdings Limited holds 1,361,516,331 ordinary shares, representing approximately 38.26% of the total shareholding[107]. - Mr. Ma Suocheng has interests in 1,902,103,222 ordinary shares, accounting for 53.45% of the total shareholding[107]. - Ms. Ma Xia is a beneficial owner of 172,166,037 ordinary shares, which is about 4.84% of the total shareholding[108]. - The total number of shares held by parties to an agreement to acquire interests in the Company is 1,729,937,185 ordinary shares, representing 48.61%[108]. - Mr. Yang Tao holds 274,919,268 ordinary shares, which is approximately 7.73% of the total shareholding[108]. - Mr. Li Man owns 272,039,268 ordinary shares, accounting for about 7.64% of the total shareholding[108]. - Mr. Lyu Wenhua has a beneficial interest in 240,696,854 ordinary shares, representing approximately 6.76% of the total shareholding[108]. - No directors or chief executives had any interests or short positions in shares as of September 30, 2022[103]. - The report indicates that no substantial changes in shareholding were disclosed apart from those mentioned[106]. Corporate Governance - The Company continues to comply with the minimum standards of dealing by directors as per the GEM Listing Rules[105]. - The Company has complied with all code provisions of the Corporate Governance Practices throughout the review period[111]. - The audit committee, composed of three independent non-executive Directors, has reviewed and commented on the interim report for the six months ended 30 September 2022[114]. - The Board of Directors includes six executive directors and three independent non-executive directors as of the report date[114][115]. Operational Highlights - The Group operates primarily in the PRC, with significant activities in the trading of non-ferrous metals and minerals in Hong Kong[33]. - The Group's overall business development was stable during the six months ended 30 September 2022, despite the rising price of raw materials[93]. - Anhui Jinding, a wholly-owned subsidiary, has entered a stable production period and achieved expected results, contributing stable income to the Group[94]. - The Group will continue to focus on the production and sales of civilian explosives and strive to overcome market uncertainties[95]. - As of 30 September 2022, the Group had 1,331 full-time employees, a slight decrease from 1,343 as of 31 March 2022[81]. - The Group did not have any material contingent liabilities as of 30 September 2022[80]. - The Group's borrowings are secured by the pledge of certain contract assets and trade receivables amounting to RMB196,330,000[72]. - The capital commitments of the Group as of 30 September 2022 are detailed in note 12 to the interim financial statements[78]. - The Group processed a total of 535,298.44 tons of dry ore, including 362,047.83 tons of pyrite, with an average grade of Cu 0.10%, S 17.64%, and Au 0.37 (g/t)[85]. - The processing plant produced 4,929.04 tons of copper concentrate with an annual average grade of 12.96% and a gold content of 11.75 (g/t)[85]. - The Group did not have any significant investments during the six months ended 30 September 2022[68].
比优集团(08053) - 2023 - 中期财报