民商创科中期报告2025

2025中期報告 CONTENTS Management Discussion and Analysis Other information24 Independent Practitioner’s Report on Review of Condensed Consolidated Interim Financial Information29 Condensed Consolidated Interim Statement of Comprehensive Income31 Condensed Consolidated Interim Statement of Financial Position33 Condensed Consolidated Interim Statement of Changes in Equity35 Condensed Consolidated Interim Statement of Cash Flows36 Notes to the Condensed Consolidated Interim Financial Information38 CORPORATE INFORMATION EXECUTIVE DIRECTORS Mr. WU Jiangtao(Chairman)Mr. TAO Jingyuan(Chief Executive Officer)Mr. LAI Xiaopeng MichaelMs. Ning Mengmeng INDEPENDENT NON-EXECUTIVE DIRECTORS Mr. CHOI Tze Kit, SammyMr. CHEUNG MiuMr. CHEUNG Pak To COMPANY SECRETARYMs. KWAN Sau In AUTHORISED REPRESENTATIVES Mr. LAI Xiaopeng MichaelMs. KWAN Sau In AUDIT COMMITTEE Mr. CHOI Tze Kit, Sammy(Chairman)Mr. CHEUNG MiuMr. CHEUNG Pak To REMUNERATION COMMITTEE Mr. CHEUNG Miu(Chairman)Mr. WU JiangtaoMr. CHEUNG Pak To NOMINATION COMMITTEE Mr. WU Jiangtao(Chairman)Mr. CHEUNG MiuMr. CHEUNG Pak To REGISTERED OFFICE Cricket Square, Hutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands Cricket Square, Hutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands HEADQUARTERS AND PRINCIPAL PLACEOF BUSINESS IN HONG KONG Unit 2209B, 22/FWu Chung House213 Queen’s Road East, Hong Kong 213222209B PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong PRINCIPAL BANKERSChina Minsheng Banking Corp., Ltd 1632 STOCK CODE1632 www.minshangct.com WEBSITEwww.minshangct.com MANAGEMENT DISCUSSION ANDANALYSIS BUSINESS REVIEW During the six months ended 30 September 2025 (the “Period”),Minshang Creative Technology Holdings Limited (the “Company”,together with its subsidiaries, the “Group”), had the following principalbusinesses: (i) information technology (“IT”) solution business; (ii)renewable energy technology business; and (iii) trading business. 2025930(i)(ii)(iii) IT Solution Business B During the Period, the Group, through its subsidiaries, provided ITsolution services to its customers in the PRC. The Group aims toprovide digital solutions for industrial upgrading and digital marketingto its B-end customers, including but not limited to banks and otherfinancial institutions, real estate developers, state-owned enterprisesand merchants ranging from retail, food and beverage, lifestyle sectorsetc. (i)(ii)(iii)(iv)(v) By relying on its scene marketing system and supply chainmanagement capabilities, the Group offers its customers (i) businessorigination services; (ii) operation support services; (iii) design anddevelop of member benefits program & customer loyalty program;(iv) staff welfare program; and (v) customised development servicesetc. It provides a one-stop solution for the institutional customersin business origination, customer loyalty, platform operation andthe staffs wellbeing. The Group also generates revenue from saleof merchandise to customers of banks through its self-developede-commerce platforms and sell merchandise to financial institutionsand other large corporations through biddings. 20256172025617(i)(ii)50% Reference is made to the Company’s announcement dated 17June 2025,(Beijing MinshangZhihui E-commerce Co., Ltd*, “Minshang Zhihui”, together with itssubsidiaries, the “Minshang Zhihui Group”) held a shareholders’meeting on 17 June 2025, at which it was resolved that (i) the articlesof association of Minshang Zhihui be amended with effect from thecompletion of the relevant registration procedures with the applicablegovernment authorities which will include amendments to the effectthat, among others, the Company shall have the right to appoint threeout of five directors to the board of directors of Minshang Zhihui;and (ii) three directors nominated by the Company be appointed asdirectors of Minshang Zhihui, after which three out of the five directorson the board of directors of Minshang Zhihui are nominated by theCompany. The Group shall continue to hold 50% equity interestsin Minshang Zhihui through its wholly-owned subsidiary, MSCTInvestment Limited. 2026331 As a result of the aforementioned change, with effect from thecompletion of the relevant registration procedures with the applicablegovernment authorities, the Group is able to exercise majority controlover the board of directors of Minshang Zhihui and as a resultMinshang Zhihui will become a non-wholly owned subsidiary of theCompany and its financial results will be consolidated into that of theGroup for the financial year ending 31 March 2026 and going forward.