Revenue and Profit Performance - Revenue for the six months ended 30 September 2024 was approximately RMB859.20 million, representing a 34.42% increase compared to the same period in the previous fiscal year[7] - Total revenue grew by 34.4% to RMB 859,197 thousand in H1 2024, up from RMB 639,195 thousand in H1 2023[34] - External sales for the six months ended 30 September 2024 increased to RMB 859,197 thousand, up from RMB 639,195 thousand in the same period in 2023, representing a growth of 34.4%[36] - The Group's turnover for the Interim Period increased by approximately 34.42% compared to the same period in 2023, driven by increased demand for civilian explosives and higher production capacity[68] - Profit attributable to owners for the Interim Period was approximately RMB85.47 million[8] - Total comprehensive income attributable to owners for the Interim Period was approximately RMB87.85 million[9] - Basic earnings per share for the Interim Period was approximately RMB0.024[10] - Gross profit for the Interim Period was RMB378.30 million, compared to RMB259.43 million in the same period last year[14] - Operating profit for the Interim Period was RMB250.83 million, up from RMB211.10 million in the previous year[14] - Profit before income tax for the Interim Period was RMB242.41 million, compared to RMB206.92 million in the same period last year[14] - Segment profit for the six months ended 30 September 2024 rose to RMB 252,348 thousand, compared to RMB 203,902 thousand in the same period in 2023, an increase of 23.8%[36] - Profit before income tax for the six months ended 30 September 2024 was RMB 242,414 thousand, up from RMB 206,916 thousand in the same period in 2023, a growth of 17.2%[36] - Profit for the period attributable to owners of the Company for the six months ended 30 September 2024 was RMB 85,474 thousand, down from RMB 98,755 thousand in the same period in 2023, a decrease of 13.5%[46] - Total comprehensive income for the period was RMB 98,602,000 as of 30 September 2024[24] Tax and Expenses - Income tax expense for the Interim Period was RMB59.91 million, significantly higher than RMB18.88 million in the previous year[14] - Current tax for the period – PRC Enterprise Income Tax increased to RMB 24,065 thousand in 2024 from RMB 11,924 thousand in 2023, a significant rise of 101.7%[39] - Tajikistan Corporation Income Tax for the six months ended 30 September 2024 was RMB 8,344 thousand, up from RMB 6,954 thousand in the same period in 2023, an increase of 20.0%[39] - Depreciation of property, plant and equipment for the six months ended 30 September 2024 was RMB 49,178 thousand, compared to RMB 41,710 thousand in the same period in 2023, a rise of 17.9%[42] - Finance costs – Interest charge on bank and other borrowings for the six months ended 30 September 2024 increased to RMB 8,414 thousand from RMB 4,186 thousand in the same period in 2023, a growth of 101.0%[42] - Selling and distribution expenses increased significantly due to higher sales volume and the inclusion of approximately RMB16 million in freight charges in the cost of goods sold[68] Assets and Liabilities - Non-current assets increased to RMB 3,033,638,000 as of 30 September 2024, up from RMB 2,986,814,000 as of 31 March 2024[18] - Current assets rose to RMB 1,341,973,000 as of 30 September 2024, compared to RMB 939,687,000 as of 31 March 2024[18] - Net current liabilities improved to RMB (406,415,000) as of 30 September 2024, from RMB (952,134,000) as of 31 March 2024[18] - Total equity increased to RMB 1,826,279,000 as of 30 September 2024, up from RMB 1,691,686,000 as of 31 March 2024[20] - Equity attributable to owners of the company grew to RMB 903,897,000 as of 30 September 2024, compared to RMB 848,791,000 as of 31 March 2024[20] - Non-controlling interests increased to RMB 922,382,000 as of 30 September 2024, up from RMB 842,895,000 as of 31 March 2024[20] - Retained earnings rose to RMB 916,329,000 as of 30 September 2024, compared to RMB 881,583,000 as of 1 April 2024[24] - Net assets of the Group amounted to approximately RMB1,826.28 million as of 30 September 2024, an increase from RMB1,691.69 million as of 31 March 2024[69] - Current assets increased to approximately RMB1,341.97 million as of 30 September 2024, compared to RMB939.68 million as of 31 March 2024[69] - The Group's gearing ratio was 59.29% as of 30 September 2024, compared to 56.92% as of 31 March 2024[72] Cash Flow - Net cash generated from operating activities increased significantly to RMB 226,437 thousand in H1 2024, compared to RMB 16,709 thousand in H1 2023[27] - Cash and cash equivalents at the end of the period stood at RMB 323,698 thousand, up from RMB 295,271 thousand in H1 2023[27] - Net cash used in investing activities decreased to RMB 110,904 thousand in H1 2024, compared to RMB 195,142 thousand in H1 2023[27] - Net cash used in financing activities reduced to RMB 15,389 thousand in H1 2024, down from RMB 112,768 thousand in H1 2023[27] - Cash and cash equivalents stood at approximately RMB323.70 million as of 30 September 2024, up from RMB223.78 million as of 31 March 2024[69] Business Operations and Sales - The Group's revenue is entirely derived from contracts with customers, primarily from the sale of explosives, blasting operations, and mineral concentrates[33] - Sales of explosives increased by 24.7% to RMB 448,059 thousand in H1 2024, compared to RMB 359,416 thousand in H1 2023[34] - Sales of mineral concentrates surged by 62.5% to RMB 351,186 thousand in H1 2024, up from RMB 216,156 thousand in H1 2023[34] - Revenue from the blasting business increased due to a rise in production volume from 104,000 tons to 121,000 tons starting August 2023[68] - The Group completed construction and began trial operations of new processing facilities for iron-oxide and gold sludge extraction in October 2023, contributing to improved revenue[68] - External sales of the mining operation increased, but segment profit decreased due to a waiver income of approximately RMB32 million in the previous period[68] - The Group's sales volume of civil explosive products increased in the first half of the year, driven by higher market demand for mineral resources and coal energy in Inner Mongolia[78] - The Group's sales volume of civil explosive products in Central Asia declined slightly due to unstable operations of its major customers[78] Exploration and Development - Anhui Jinding mined a total of 457,387 tons of ore with average grades of sulfur 8.43%, copper 0.36%, and gold 0.62g/t for the six months ended 30 September 2024[74] - Anhui Jinding completed 1,470 meters of surface drilling and 6,394.6 meters of in-pit drilling for production exploration during the six months ended 30 September 2024[74] - Exploration expenditures for Anhui Jinding were RMB2,572 thousand, development expenditures were RMB949 thousand, and mining expenditures were RMB23,897 thousand for the six months ended 30 September 2024[76] - Exploration expenditures for Tibet Tianren were RMB1,877 thousand for the six months ended 30 September 2024[76] - The construction of the detonator production line in Tajikistan is progressing steadily, with the project launch ceremony hosted by the President of Tajikistan[78] - The Tibet Tianren project approval process was mostly completed and is currently in the pre-construction preparation stage[78] - Additions to property, plant and equipment during the six months ended 30 September 2024 amounted to RMB 119 million[49] - Capital commitments for the acquisition of property, plant, and equipment amounted to RMB23,844 thousand[63] Shareholder and Management Information - Mr. Liu Fali holds a 6.81% stake in the company with 242,415,854 ordinary shares[84] - Ms. Qin Chunhong holds 34,024,908 ordinary shares (L), representing 0.96% of the company's shares[85] - Ms. Ma Ye holds 126,005,000 ordinary shares (L), representing 3.54% of the company's shares[85] - Interests of parties to an agreement under sections 317(1)(a) and 318 of the SFO include 1,776,098,222 ordinary shares (L), representing 49.91% of the company's shares[85] - Mr. Ma Suocheng is deemed to be interested in 1,902,103,222 ordinary shares (L), representing 53.45% of the company's shares[96] - Shiny Ocean holds 1,361,516,331 ordinary shares (L), representing 38.26% of the company's shares[92] - Ma Family Holdings Co. Limited holds 1,361,516,331 ordinary shares (L), representing 38.26% of the company's shares[93] - Equity Trustee Limited holds 1,361,516,331 ordinary shares (L), representing 38.26% of the company's shares[95] - Pin On Everest Asset Holdings Ltd holds 58,980,000 shares of the company, with Mr. Ma Tianyi deemed to be interested in these shares[87] - Crystal Sky Development Inc. holds 34,024,908 shares of the company, with Ms. Qin Chunhong deemed to be interested in these shares[87] - As of 30 September 2024, no other directors or chief executives have disclosed interests or short positions in the company's shares[88] - Ms. Ma Xia holds 172,166,037 ordinary shares, representing 4.84% of the company's issued shares[98] - Interests of parties under an agreement to acquire shares total 1,729,937,185 ordinary shares, representing 48.61% of the company's issued shares[98] - Mr. Ma Qiang, founder of a discretionary trust, holds 1,902,103,222 ordinary shares, representing 53.45% of the company's issued shares[98] - Mr. Yang Tao holds 255,599,268 ordinary shares, representing 7.18% of the company's issued shares[98] - Mr. Li Man holds 252,959,268 ordinary shares, representing 7.10% of the company's issued shares[98] - Mr. Lv Wenhua holds 220,696,854 ordinary shares, representing 6.20% of the company's issued shares[98] - The Share Award Scheme allows for a maximum of 200,000,000 shares to be awarded, representing approximately 5.62% of the company's issued share capital[102] - No shares were awarded under the Share Award Scheme during the six months ended 30 September 2024[104] - The Share Award Scheme expired in July 2024 after a five-year term[104] - The company has not been notified of any other persons with discloseable interests or short positions in the shares as of 30 September 2024[100] - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the six months ended 30 September 2024[106] - No significant competition interests were reported by directors or controlling shareholders during the six months ended 30 September 2024[106] - The company has complied with the Code on Corporate Governance Practices as per the GEM Listing Rules[106] - No changes in the Board or Directors' information since the annual report for the year ended 31 March 2024[110][111] - The company adopted a code of conduct for Directors' securities transactions, with no reported non-compliance during the six months ended 30 September 2024[112][113] - The audit committee, composed of three independent non-executive directors, reviewed and commented on the interim report for the six months ended 30 September 2024[114][115][116] - Remuneration paid/payable to key management personnel for the period amounted to RMB1,525,500, compared to RMB1,408,680 in the same period last year[65] Dividends and Other Financial Information - The Board does not recommend the payment of an interim dividend[11] - Dividends paid to non-controlling interests amounted to RMB (18,343,000) for the period[24] - Contribution from non-controlling interests was RMB 4,000 for the period[24] - Other income decreased by approximately RMB32 million due to the recognition of a loan waiver in the previous period[68] - Contract assets and net trade receivables totaled RMB383,533 thousand as of 30 September 2024, with an aging analysis showing 86,665 thousand within 0-30 days and 164,380 thousand over 1 year[56] - Bills receivables generally have credit terms ranging from 6 to 12 months, with a total of RMB468,001 thousand as of 30 September 2024[53] Future Plans and Outlook - The Group will continue to strengthen the technical and management capabilities of its domestic and foreign subsidiaries to respond to market changes[80] - The Group plans to optimize the long-term production and operational management of the Anhui Jinding Project while accelerating the development of the Tibet Tianren Project[80] - The Group's blasting services and mining construction engineering teams will focus on supporting the civil explosive production and mining segments, aiming to undertake related projects in China and Central Asia[80] - The Group is confident in maintaining the current pace of project development, which aligns with management's expectations[80] - The Group's financial indicators remain stable with sufficient cash flow to support various construction investments[78]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Pizu Group Holdings Limited （於開曼群島註冊成立之有限公司） （股份代號：8053） 截至二零二四年九月三十日止六個月中期業績公佈 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM之定位，乃為中小型公司提供一個上市之市場，此等公司相比起其他在聯交 所上市之公司帶有較高投資風險。有意投資之人士應了解投資於該等公司之潛在 風險，並應經過審慎周詳考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於聯交所主 板買賣之證券承受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高 流通量之市場。 香港交易及結算所有限公司及聯交所對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 本公告的資料乃遵照《香港聯合交易所有限公司的GEM證券上市 ...

| --- | --- | --- | |------------------------------------------------------------------------|-------|-------| | | | | | FF 有 優 集 響 lle E 限 (於開曼群島註冊成立之有限公司) 股份代號：8053 | 官 | | 香港聯合交易所有限公司（「聯交所」）GEM的特色 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣之證券承受較大的市場波 動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 本報告的資料乃遵照《聯交所GEM證券上市規則》（「GEM上市規則」）而刊載，旨在提供有關比優集團控股 有限公司的資料；比優集團控股有限公司的董事（「董事」）願就本報告的資料共同及個別地承擔全部責任。各 董事在作出一切合理查詢後，確認就其所知及所信，本報告所載資料在各重要方面均屬準確完備，沒有誤導 或欺詐成分，且並無遺漏任何事項，足以令致本報告或其所載任何陳述產生誤導。 公司資料 主席報告 4 9 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在 ...

來自持續經營業務的所得稅前溢利 331,599 18 12 9. 每股盈利 每股基本盈利 持續經營業務及已終止經營業務 持續經營業務及已終止經營業務的每股基本盈利乃根據下列數據計算： | --- | --- | --- | |-----------------------------------------------------------------------------------------|-------------------|-------------------------| | | | | | | | | | | 二零二四年 | 二零二三年 | | | 人民幣千元 | 人民幣千元 （重新列報） | | 本公司擁有人應佔本年度溢利 | 131,028 | 88,021 | | | 二零二四年 千股 | 二零二三年 千股 | | 計算每股基本盈利的普通股加權平均數 | 3,496,414 | 3,496,414 | | | | | | 持續經營業務 | | | | 持續經營業務的每股基本盈利乃根據下列數據計算： | | | | | 二零二四年 | 二零二三年 | | | 人民幣千元 | 人民幣 ...

UNAUDITED RESULTS FOR THE NINE MONTHS ENDED 31 DECEMBER 2023 The board of directors (the "Board") of Pizu Group Holdings Limited (the "Company") announces the unaudited consolidated results of the Company and its subsidiaries (collectively the "Group") for the nine months ended 31 December 2023, together with the unaudited comparative figures for the corresponding periods in 2022, as follows: (Unless otherwise stated, all financial figures presented in this quarterly financial report are denominated in Renm ...

Revenue and Profit Performance - Revenue for the nine months ended December 31, 2023, was RMB 1,007,797 thousand, a decrease from RMB 1,295,419 thousand in the same period in 2022[4] - Revenue for the nine months ended December 31, 2023, was approximately RMB 1,007.8 million, a decrease of 22.2% compared to the same period last year[71] - Gross profit for the nine months ended December 31, 2023, was RMB 428,876 thousand, compared to RMB 354,521 thousand in the same period in 2022[4] - Operating profit for the nine months ended December 31, 2023, was RMB 315,211 thousand, up from RMB 264,308 thousand in the same period in 2022[4] - Net profit before tax for the nine months ended December 31, 2023, was RMB 308,439 thousand, compared to RMB 252,556 thousand in the same period in 2022[4] - Net profit for the nine months ended December 31, 2023, was RMB 280,207 thousand, compared to RMB 229,049 thousand in the same period of 2022[48] - Net profit for the three months ended December 31, 2023, was RMB 92,169 thousand, compared to RMB 49,552 thousand in the same period of 2022[48] - Net profit attributable to owners for the nine months ended December 31, 2023, was RMB 144.5 million[71] - Total comprehensive income for the nine months ended December 31, 2023, was RMB 276,822 thousand, compared to RMB 229,240 thousand in the same period of 2022[48] - Total comprehensive income for the three months ended December 31, 2023, was RMB 88,937 thousand, compared to RMB 42,640 thousand in the same period of 2022[48] Earnings Per Share - Basic and diluted earnings per share for the nine months ended December 31, 2023, were RMB 0.041, compared to RMB 0.035 in the same period of 2022[48] - Basic and diluted earnings per share for the three months ended December 31, 2023, were RMB 0.013, compared to RMB 0.008 in the same period of 2022[48] - Basic earnings per share for the nine months ended December 31, 2023, were RMB 0.041[71] Financial Position - The company's net asset value as of December 31, 2023, was approximately RMB 1,796.46 million, up from RMB 1,645.81 million as of March 31, 2023[14] - The company's cash and bank balances as of December 31, 2023, were RMB 262.11 million, down from RMB 586.63 million as of March 31, 2023[14] Business Operations and Investments - The company acquired an additional 27% equity in Tibet Tianren Mining Co., Ltd. for RMB 54,000,000, increasing its total equity to 54%[15] - The company plans to enhance the mining development business of Anhui Jinding and expand its market share in Central Asia with new production lines[20] - The company's new gold extraction project in Anhui performed as expected, significantly improving the profitability of the mining development business[64] - The company did not make any significant investments during the nine months ended December 31, 2023[80] Shareholder Information - The company's major shareholder, Ma Suocheng, holds approximately 53.45% of the company's shares[24] - Mr. Ma Qiang holds 1,902,103,222 ordinary shares, representing approximately 53.45% of the total shares[37] - Mr. Yang Tao holds 274,919,268 ordinary shares, representing approximately 7.73% of the total shares[37] - Mr. Li Man holds 272,039,268 ordinary shares, representing approximately 7.64% of the total shares[37] - Mr. Lü Wenhua holds 240,696,854 ordinary shares, representing approximately 6.76% of the total shares[37] - Ma Tianyi holds 58,980,000 shares of common stock, representing 1.66% of the company's total shares[87] - Liu Fali holds 242,415,854 shares of common stock, representing 6.81% of the company's total shares[87] - Liu Fali has an additional interest in 1,659,687,368 shares of common stock through agreements, representing 46.64% of the company's total shares[87] - Qin Chunhong holds 34,024,908 shares of common stock, representing 0.96% of the company's total shares[87] - Ma Ye holds 126,005,000 shares of common stock, representing 3.54% of the company's total shares[87] - Ma Ye has an additional interest in 1,776,098,222 shares of common stock through agreements, representing 49.91% of the company's total shares[87] Employee Information - The company employed 1,041 full-time employees as of December 31, 2023, down from 1,253 as of March 31, 2023[19] Tax and Regulatory Compliance - The company's subsidiary in Tajikistan had its corporate income tax exemption extended until November 2022, after which it will be subject to the applicable tax rate[52] - The company has complied with all the code provisions of the Corporate Governance Code as of December 31, 2023[94] - The company has adopted a higher standard of director securities trading code than the GEM Listing Rules[108] - The company's unaudited financial statements for the nine months ended December 31, 2023, have been reviewed by the audit committee[109] Dividends and Share Incentives - No dividends were recommended for the nine months ended December 31, 2023[77] - The company's share incentive plan will expire in July 2024, and no share awards were granted during the nine months ended December 31, 2023[93] Revenue by Business Segment - Sales of explosive materials remained stable at RMB 542.9 million for the nine months ended December 31, 2023, compared to RMB 545.9 million in the same period last year[75] - Revenue from blasting and mining operations decreased significantly to RMB 111.6 million for the nine months ended December 31, 2023, from RMB 453.9 million in the same period last year[75] - Revenue from non-ferrous metal mining increased by 19.6% to RMB 353.3 million for the nine months ended December 31, 2023, compared to RMB 295.6 million in the same period last year[75]

Pizu Group Holdings Limited | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------| | | | | | 股 有 限 公 司 FF 控 優 集 E (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號 : 8053 | | | CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and ...

Financial Performance - The group's revenue for the six months ended September 30, 2023, was approximately RMB 639.20 million, a decrease of about 15.97% compared to the same period last year[3]. - The profit attributable to owners of the company for the same period was approximately RMB 98.76 million[9]. - The basic earnings per share for the period was approximately RMB 0.028[3]. - The total comprehensive income for the period was approximately RMB 187.89 million, compared to RMB 186.60 million in the previous year[9]. - The operating profit for the six months was approximately RMB 211.10 million, compared to RMB 206.13 million in the previous year[7]. - The group reported a gross profit of approximately RMB 259.43 million, with a gross margin of about 40.5%[7]. - Total revenue for the six months ended September 30, 2023, was RMB 639,195 thousand, a decrease from RMB 760,636 thousand in the same period of 2022, representing a decline of approximately 15.9%[30]. - The company’s total comprehensive income for the period was RMB 186,600 thousand, compared to RMB 179,497 thousand in the same period of 2022, reflecting a slight increase of about 4.1%[19]. - The company reported a pre-tax profit of RMB 206,916,000 for the six months ended September 30, 2023, slightly down from RMB 197,933,000 in the same period of 2022[34]. - The company reported a basic earnings per share of RMB 28.24 for the six months ended September 30, 2023, compared to RMB 27.34 in the same period of 2022[45]. Cash Flow and Investments - Net cash generated from operating activities for the six months was RMB 16,709 thousand, a decrease from RMB 80,156 thousand in the same period last year, representing a decline of approximately 79.2%[20]. - Net cash used in investing activities was RMB 195,142 thousand, compared to RMB 10,543 thousand in the previous year, indicating a significant increase in investment outflows[20]. - Net cash used in financing activities was RMB 112,768 thousand, slightly higher than RMB 105,420 thousand in the same period of 2022[20]. - Cash and cash equivalents at the end of the period were RMB 295,271 thousand, down from RMB 592,437 thousand at the end of the same period last year, a decrease of approximately 50.1%[20]. - The company had no significant investments during the six-month period ending September 30, 2023[65]. Assets and Liabilities - The total assets as of September 30, 2023, were approximately RMB 2,074.67 million, with total liabilities of RMB 2,007.18 million[11]. - The company’s equity attributable to owners was approximately RMB 830.77 million, an increase from RMB 779.13 million as of March 31, 2023[13]. - The company's debt-to-asset ratio was 18.45% as of September 30, 2023, down from 20.72% as of March 31, 2023[69]. - The company's total current assets were approximately RMB 119,479,000 as of September 30, 2023, down from RMB 133,221,000 as of March 31, 2023[63]. - The company's net asset value increased to approximately RMB 178,106,000 as of September 30, 2023, compared to RMB 164,581,000 as of March 31, 2023[63]. Revenue Breakdown - Sales of civil explosives amounted to RMB 359,416 thousand, compared to RMB 336,940 thousand in the previous year, reflecting an increase of about 6.4%[30]. - Revenue from blasting operations and mining engineering decreased significantly to RMB 63,623 thousand from RMB 226,416 thousand, a decline of approximately 71.9%[30]. - Revenue from the sale of concentrates increased to RMB 216,156 thousand, up from RMB 197,280 thousand, marking an increase of about 9.0%[30]. - The company reported a decrease in quarterly revenue of approximately 15.97% compared to the same period in 2022, attributed to a decline in blasting business revenue due to industry regulations[61]. Shareholder Information - As of September 30, 2023, Liu Fali holds 242,415,854 shares, representing 6.81% of the company, while Ma Ye holds 126,005,000 shares, representing 3.54%[84]. - Major shareholder Yao Yang holds 1,361,516,331 shares, representing 38.26% of the total shares[90]. - Mr. Ma Shucheng has a total of 1,902,103,222 shares, accounting for 53.45% of the company's shares[90]. - Ms. Ma Xia holds 172,166,037 shares, which is 4.84% of the total shares[90]. - The shareholding structure indicates a significant concentration of ownership among a few major shareholders[90]. Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules during the review period[104]. - The audit committee has been established in accordance with GEM Listing Rules, consisting of three independent non-executive directors[109]. - The interim report for the six months ended September 30, 2023, has been reviewed by the audit committee members[109]. - The board of directors includes five executive directors and three independent non-executive directors[110]. Operational Developments - The company completed a construction project to extract gold and iron from sulfur concentrate by the end of September 2023, which is expected to benefit shareholders[61]. - The completion of the gold extraction project at Anhui Jinding is expected to contribute significantly to revenue in the second half of the fiscal year[81]. - The group plans to commence major construction at Tibet Tianren in early 2024, with approval processes progressing as expected[82]. - The preparation for the new detonating cord production line in Tajikistan is nearly complete, and the intelligent production system project for 100,000 tons of onsite mixed explosives in Inner Mongolia is progressing smoothly[82]. - The group aims to continue improving operational management of existing businesses to deliver sustained returns to shareholders[82]. Employee Information - As of September 30, 2023, the group employed 1,257 full-time employees across China, Hong Kong, and Tajikistan, a slight increase from 1,253 employees as of March 31, 2023[76].

Pizu Group Holdings Limited 比 優 集 團 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號 : 8053 | --- | --- | --- | --- | --- | --- | |----------------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | ag 2023/2 First Quarterly Report 第一季度 業 績 報 | | | -000 | | | CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market d ...

Revenue Performance - For the three months ended June 30, 2023, total revenue was RMB 333,746,000, a decrease of 29% compared to RMB 469,164,000 for the same period in 2022[25]. - Sales of explosives amounted to RMB 189,141,000, representing an increase of 17% from RMB 161,042,000 in the previous year[25]. - The provision of blasting operations and mine construction generated revenue of RMB 35,802,000, down from RMB 182,871,000, indicating a significant decline[25]. - Mining operations revenue was RMB 108,803,000, a decrease of 13% from RMB 125,251,000 in the prior year[25]. - The revenue for the first quarter ended June 30, 2023, was RMB 333,746,000, a decrease of 29.0% compared to RMB 469,164,000 in the same period of 2022[52]. - The Group's turnover for the quarter ended June 30, 2023, was approximately RMB 333.75 million, representing a decrease of approximately 28.86% compared to the corresponding period in the previous fiscal year[68]. - The Group's turnover for the Quarterly Period decreased by approximately 28.86% compared to the corresponding period in 2022[82]. Profitability - Profit attributable to owners of the Company for the period was RMB 54,882,000, compared to RMB 62,670,000 in the same quarter of 2022, reflecting a decline of 12.5%[7]. - Total comprehensive income for the period was RMB 108,112,000, down from RMB 141,055,000, marking a decrease of 23.3%[7]. - Profit for the period was RMB 106,837,000, down from RMB 117,250,000 in the previous year, representing a decrease of 8.0%[52]. - The profit attributable to the owners of the Company for the three months ended June 30, 2023, was RMB 54,882,000, a decrease from RMB 62,670,000 in the same period of 2022, representing a decline of approximately 12.7%[40]. - The total comprehensive income attributable to owners for the quarter was approximately RMB 56.12 million[68]. Earnings Per Share - Basic and diluted earnings per share were RMB 0.016, slightly down from RMB 0.018 in the previous year[7]. - The weighted average number of ordinary shares for the purposes of basic earnings per share was 3,496,414, compared to 3,529,880 in the previous year[40]. - Basic and diluted earnings per share for the quarter was approximately RMB 0.016[68]. - There were no potential dilution of shares during the reporting periods, resulting in basic earnings per share being the same as diluted earnings per share[30]. - There were no potentially dilutive shares in issue during the respective period, so diluted earnings per share equaled basic earnings per share[61]. Taxation - The Company has three subsidiaries in China that enjoy a preferential corporate income tax rate of 15% for three years due to their recognition as New and Hi-tech Enterprises[28]. - The Company has not made any provision for Hong Kong profits tax or Mongolia corporate income tax as there were no assessable profits in these regions for both the current and prior year[12]. - The Company has a preferential tax rate of 9% for one branch and a subsidiary in Lhasa from 2015 to 2025, reverting to 15% thereafter if no further announcements are made[38]. - Current tax expenses included RMB 5,893,000 for PRC Enterprise Income Tax and RMB 3,659,000 for Tajikistan Corporation Income Tax[59]. Corporate Governance - The company has complied with the Corporate Governance Code throughout the quarterly period[47]. - The audit committee consists of three independent non-executive directors, ensuring oversight of financial reporting processes[47]. - The company has established a code of conduct regarding directors' securities transactions, with no reported non-compliance[47]. Future Projects and Growth - The Company is progressing on several new projects, including the gold extraction project in Anhui and the approval of the Tibet Tianren Mining project, which are expected to contribute to both short-term and long-term growth[41]. - The Company is preparing for a new 100,000-tonne on-site intelligent production system for mixed explosives, which is currently under submission and approval[41]. - The Company’s board believes that the successful implementation of ongoing projects will bring greater benefits to shareholders in the future[41]. Shareholding Structure - Mr. Ma Qiang holds 1,902,103,222 ordinary shares, representing approximately 53.45% of the total shareholding[35]. - Mr. Yang Tao and Mr. Li Man hold 274,919,268 shares (7.73%) and 272,039,268 shares (7.64%) respectively[35]. - As of June 30, 2023, the company had not been notified of any other person with a discloseable interest in the shares, apart from the directors and chief executives[93]. - The shareholding percentage is calculated based on the number of issued shares as of June 30, 2023[93]. - The entire issued share capital of Ma Family Holdings Co. Limited is owned by Equity Trustee Limited as trustee of the Ma Family Trust[93]. - The company is under the influence of an irrevocable undertaking given by key family members regarding share interests[93]. Dividends - The Company did not declare any dividends for the current quarter, consistent with the previous year[5]. - The Board does not recommend the payment of any dividend for the quarter[68]. Operational Challenges - The Group maintained stable sales volume by adjusting the price of civil explosives, but income from blasting operations declined significantly due to governance in the downstream coal industry and project terminations in Tibet[82]. - The Group's blasting operations and mine operation businesses declined significantly due to market conditions and the discontinuation of some businesses in Tibet[82]. - The newly added gold extraction project within the Anhui Jinding project has caused a lag in sales for some products, impacting financial indicators for the Quarterly Period[82]. - Other income increased due to a debt relief of approximately RMB 32 million during the period[82]. - The Group's borrowings are secured by mining rights valued at approximately RMB 120.9 million, up from RMB 107.42 million in 2022[82]. - The Group has hoarded more than 150,000 tons of sulfur concentrate, with a gold and iron extraction project expected to be completed by September this year[82].