布鲁可2025中期报告

Interim Report2025Interim RRepport2025Interim Report Page Corporate Information2Financial Summary and Operation Highlights5Management Discussion and Analysis6Other Information22Independent Review Report36Interim Condensed Consolidated Statement ofProfit or Loss38Interim Condensed Consolidated Statement ofComprehensive Income39Interim Condensed Consolidated Statement ofFinancial Position40Interim Condensed Consolidated Statement ofChanges in Equity42Interim Condensed Consolidated Statement of Cash Flows43Notes to the Interim Condensed ConsolidatedFinancial Information45Definitions66 Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Zhu Weisong(Chairman of the Board and Chief Executive Officer)Mr. Sheng Xiaofeng Non-executive DirectorsMr. Chang KaisiMr. Chen Rui Independent Non-executive Directors Mr. Gao PingyangMs. Huang RongMr. Shang Jian AUDIT COMMITTEE Mr. Gao Pingyang(Chairman)Ms. Huang RongMr. Shang Jian NOMINATION COMMITTEE Mr. Zhu Weisong(Chairman)Mr. Gao Pingyang(1)Mr. Shang JianMs. Huang Rong(2) (1)(2) REMUNERATION COMMITTEE Mr. Shang Jian(Chairman)Mr. Zhu WeisongMs. Huang Rong(2)Mr. Gao Pingyang(1) (2)(1) AUTHORISED REPRESENTATIVES Mr. Sheng XiaofengMr. Zhu Yuancheng Notes: (1)20253 21 (1)Mr. Gao Pingyang has been re-designated as a member of theRemuneration Committee and has ceased to be a member of theNomination Committee with effect from March 21, 2025.(2)Ms. Huang Rong has been re-designated as a member of theNomination Committee and has ceased to be a member of theRemuneration Committee with effect from March 21, 2025. (2)20253 21 BLOKS GROUP LIMITED Corporate Information JOINT COMPANY SECRETARIES (ACG, HKACG) Mr. Zhu YuanchengMs. Yu Wing Sze(ACG, HKACG) AUDITOR 97927 Ernst & Young Certified Public AccountantsRegistered Public Interest Entity Auditor27/F, One Taikoo Place979 King’s Road, Quarry BayHong Kong LEGAL ADVISOR AS TO HONG KONG LAW 55 Freshfields 55/F, One Island East, Taikoo PlaceQuarry BayHong Kong COMPLIANCE ADVISOR 88173121209 Gram Capital Limited Room 120912/F, Nan Fung Tower88 Connaught Road Central173 Des Voeux Road Central, CentralHong Kong REGISTERED OFFICE Floor 4, Willow HouseCricket SquareGrand Cayman KY1-9010Cayman Islands Floor 4, Willow HouseCricket SquareGrand Cayman KY1-9010Cayman Islands HEAD OFFICE IN THE PRC 101610 Building 10, 1016 Tianlin RoadMinhang District, Shanghai, PRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 131 31/F, Tower Two, Times Square1 Matheson Street, Causeway BayHong Kong Corporate Information CAYMAN ISLANDS PRINCIPAL SHARE REGISTRARAND TRANSFER OFFICE Campbells Corporate Services Limited Campbells Corporate Services Limited Floor 4, Willow HouseCricket SquareGrand Cayman KY1-9010Cayman Islands Floor 4, Willow HouseCricket SquareGrand Cayman KY1-9010Cayman Islands HONG KONG SHARE REGISTRAR 183171712-1716 Computershare Hong Kong Investor Services Limited Shops 1712-1716, 17th FloorHopewell Centre183 Queen’s Road East, WanchaiHong Kong PRINCIPAL BANKERS 153-159 Shanghai Pudong Development Bank Co., Ltd.Jinshan Sub-branch153-159, Weiqing West RoadJinshan DistrictShanghai, PRC 105 China Merchants Bank Co., Ltd. Tianlin Branch105 Tianlin RoadXuhui DistrictShanghai, PRC COMPANY WEBSITE *https://www.bloks.com**https://www.blokees.com.cn *https://www.bloks.com**https://www.blokees.com.cn STOCK CODE 0325 0325 *20253 25**20253 25 Financial Summary and Operation Highlights INTERIM FINANCIAL HIGHLIGHTS (1) (1)We define adjusted profit for the period (a non-IFRS measure) as profit/(loss) for theperiod adjusted for fair value changes on convertible redeemable preferred shares (anon-cash item), listing expenses and share-based compensations (a non-cash item). (2)We define adjusted net margin (a non-IFRS measure) as adjusted profit for the period (anon-IFRS measure) as a percentage of our total revenue. Management Discussion and Analysis BUSINESS REVIEW We are a leader of assembly character toys in China and are dedicatedto providing consumers with a wide range of quality-for-moneyassembly character toys. In the first half of 2025, with the efforts ofour management team and staff, we carried out our R&D activities andlaunched new product series according to our established strategic planin a long-term approach to navigating a complicated and evolving macroenvironment. As of June 30, 2025, we had commercialized 19 IPs witha total of 925 SKUs available for sale, including MINIONS, KUROMI andDETECTIVE CONAN etc., which attracts attention from many consumersand enhances our sales performance as well. 2025202563019IP925SKU During the Reporting Period, (i) our sales revenue amounted toRMB1,338.0 million, representing a year-on-year increase of 27.9%; (ii)our adjusted profit amounted to RMB320.3 million, representing a year-on-year increase of 9.6%; and (iii) our profit for the period amountedto RMB296.5 million, turning from loss to profit compared with the sixmonths ended