中科生物中期报告2025

Stock Code: 1237()(Incorporated in the Cayman Islands with limited liability) 2025中 期 報 告INTERIM REPORT Contents Corporate Information2Management Discussion and Analysis5Other Information12Consolidated Statement of Profit or Loss– Unaudited24Consolidated Statement of Profit or Loss andOther Comprehensive Income – Unaudited25Consolidated Statement of Financial Position– Unaudited26Consolidated Statement of Changes in Equity– Unaudited28Consolidated Cash Flow Statement – Unaudited30Notes to the Unaudited Interim Financial Report32 Corporate Information BOARD OF DIRECTORS Executive DirectorsMs. Xie Qingmei(Chairlady)Mr. Wu Zheyan(Chief Executive Officer) Independent Non-executive DirectorsMr. Tse Kwok Hing HenryMs. Zheng BingqianMs. Wu Liping AUDIT COMMITTEE Mr. Tse Kwok Hing Henry(Chairman)Ms. Zheng BingqianMs. Wu Liping RISK MANAGEMENT COMMITTEE Mr. Tse Kwok Hing Henry(Chairman)Ms. Zheng BingqianMs. Wu Liping REMUNERATION COMMITTEE Ms. Wu Liping(Chairperson)Ms. Zheng BingqianMr. Tse Kwok Hing Henry NOMINATION COMMITTEE Ms. Zheng Bingqian(Chairperson)Ms. Wu LipingMr. Tse Kwok Hing Henry FCPA COMPANY SECRETARYMr. Wong Wai Lun,FCPA Corporate Information(Continued) FCPA AUTHORISED REPRESENTATIVESMr. Wu ZheyanMr. Wong Wai Lun,FCPA AUDITORSOOP CPA & Co.Certified Public Accountants LEGAL ADVISORBird & Bird PRINCIPAL BANKERS Agricultural Bank of China, Zhangping BranchChina Construction Bank, Zhangping BranchBank of China, Zhangping Branch REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands PRINCIPAL PLACE OF BUSINESS IN HONGKONG 28814B Unit B, 14/F, Eton Building288 Des Voeux Road CentralSheung WanHong Kong HEAD OFFICE IN THE PRC Fushan Industrial District,Zhangping, Fujian, the PRC Corporate Information(Continued) PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE IN CAYMAN ISLANDS Codan Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Codan Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE Computershare Hong Kong InvestorServices LimitedShops 1712–1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong 183171712–1716 www.merrygardenholdings.com WEBSITEwww.merrygardenholdings.com 1237 STOCK CODE1237 Management Discussion and Analysis RESULTS OF OPERATION 7.0%199.512.9%7.2%)15.713.4 The Group’s revenue slightly increased by 7.0% toRMB199.5million during the Period(six monthsended 30 June 2025), compared to the revenue ofRMB186.5 million from the corresponding period ofthe previous year (“2024 1H”). During the Period, theGroup registered a gross profit margin of 12.9% (20241H: 7.2%). The Group record a gross profit of RMB15.7million during the Period (2024 1H: RMB13.4 million). BUSINESS REVIEW Segment review During the Period, the performance of our businesssegments are as follows: Management Discussion and Analysis(Continued) 198.11.4185.41.199.3%0.7%99.4%0.6% TheGroup’s core business segments comprisemanufacturingand sales of wooden products andmanufacturing and sales of renewable energy products.Duringthe Period,revenue from the two businesssegmentsamounted to approximately RMB198.1million and RMB1.4 million (2024 1H: approximatelyRMB185.4 million and RMB1.1 million), accounting for99.3% and 0.7% of the total revenue (2024 1H: 99.4%and 0.6%) respectively. 6.8%198.1185.47.60.6 Manufacturing and sales of wooden products is theprincipalsegment of the Group.In 2025,Globaleconomy remained unstable and the Group’s customerswere very conservative when purchasing. The Group’srevenuefrom manufacturing and sales of woodenproductsslightly increased by 6.8%to RMB198.1million (2024 1H: RMB185.4 million). Such reportablesegment recorded a profit of RMB7.6 million (2024 1H:a reportable segment loss of RMB0.6 million). 1.40.31.10.3 The Group’s renewable energy business focuses onthe recycling of leftover sawdust from the productionof our wooden products into biomass pellet fuel. TheGroup’s renewable energy business recorded a revenueof RMB1.4 million during the Period, with a loss ofapproximately RMB0.3 million (2024 1H: revenue ofRMB1.1 million and profit of RMB0.3 million). During the Period, the distribution of revenue from ourglobal markets are as follows: The PRCNorth AmericaEuropeAsia Pacific (Exclusive of the PRC)Australasia Management Discussion and Analysis(Continued) 6.8%198.1185.499.3%99.4% Revenue from wooden products remained the largestincome stream of the Group during the Period. Revenuefrom such category increased by 6.8% to RMB198.1million (2024 1H: RMB185.4 million), representing99.3% of total sales for the Period (2024 1H: 99.4%),mainly attributable to the increased in sales in theAustralasian markets. 34.1%1.41.1 Duringthe Period,the Group’s revenue from the