中国宝力科技中期报告 2025

CONTENTS目錄 Corporate Information2Management Discussion and Analysis4Other Information19Unaudited Condensed Consolidated Statementof Profit or Loss25Unaudited Condensed Consolidated Statement ofProfit or Loss and Other Comprehensive Income26Unaudited Condensed Consolidated Statement ofFinancial Position27 Unaudited Condensed Consolidated Statement ofChanges in Equity29Unaudited Condensed Consolidated Statement ofCash Flows30Notes to the Unaudited Condensed ConsolidatedInterim Financial Statements31Glossary59 Corporate Information公 司 資 料 董 事 會 BOARD OF DIRECTORS 執 行 董 事： Executive Directors: Mr. Wang Bin(Chairman)Mr. Zhang Yi(Vice Chairman)Ms. Chu Wei Ning(Chief Executive Officer)Ms. Lam Sze Man 獨 立 非 執 行 董 事： Independent Non-executive Directors: Mr. Chan Fong Kong, FrancisMr. Chan Kee Huen, MichaelMr. Feng Man 審 核 委 員 會 AUDIT COMMITTEE Mr. Chan Kee Huen, Michael(Chairman)Mr. Chan Fong Kong, FrancisMr. Feng Man 薪 酬 委 員 會 REMUNERATION COMMITTEEMr. Chan Fong Kong, Francis(Chairman)Mr. Chan Kee Huen, Michael 提 名 委 員 會 NOMINATION COMMITTEE Mr. Chan Kee Huen, Michael(Chairman)Mr. Chan Fong Kong, FrancisMs. Chu Wei Ning (appointed on 30 June 2025) 公 司 秘 書 COMPANY SECRETARYMs. Lam Sze Man 授 權 代 表 AUTHORISED REPRESENTATIVESMs. Chu Wei NingMs. Lam Sze Man 主 要 往 來 銀 行 PRINCIPAL BANKERChina Citic Bank International Limited 法 律 顧 問 LEGAL ADVISERBermuda:Conyers Dill & Pearman Hong Kong:Llinks Law Offices LLP 核 數 師 AUDITOR 1842 Forvis Mazars CPA LimitedCertified Public Accountants, Hong KongRegistered Public Interest Entity Auditor, Hong Kong42nd Floor, Central Plaza18 Harbour RoadWanchai, Hong Kong 註 冊 辦 事 處 REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM11Bermuda Clarendon House2 Church StreetHamilton HM11Bermuda 香 港 主 要 營 業 地 點 PRINCIPAL PLACE OF BUSINESS IN HONG KONG 248373706–08 Suites 3706–08, 37th FloorDah Sing Financial Centre248 Queen’s Road EastWanchaiHong Kong 百 慕 達 主 要 股 份 過 戶 登 記 處 BERMUDA PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE Appleby Global Corporate Services (Bermuda) LimitedCanon’s Court, 22 Victoria Street,PO Box HM 1179,Hamilton HM EX,Bermuda Appleby Global Corporate Services (Bermuda) LimitedCanon’s Court, 22 Victoria Street,PO Box HM 1179,Hamilton HM EX,Bermuda 香 港 股 份 過 戶 登 記 處 分 處 HONG KONG BRANCH SHARE REGISTRAR AND TRANSFEROFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 上 市 地 點 PLACE OF LISTINGMain Board of the Stock Exchange of Hong Kong Limited 股 份 代 號164 STOCK CODE164 Management Discussion and Analysis管 理 層 討 論 及 分 析 業 務 回 顧 BUSINESS REVIEW The principal activity of the Company is investment holding, whilst itssubsidiaries are principally engaged in the dry grinding and dry beneficiation(“DGDB”) business and convergence media business. 乾 磨 乾 選 During the period ended 30 September 2025, the global economy operatedin a mixed recovery environment amid lingering uncertainties. Technologicaladvancements in areas like artificial intelligence and green energy havesupported growth and productivity enhancements in multiple sectors.Meanwhile, persistent inflationary pressure and heightened geopoliticaltensions continued to disrupt market stability. In China, the economy faced structural headwinds, including challengingsentiment in the private sector, which constrained overall momentum andnegatively impacted business activities and consumer demand. Despitethese challenges, the economy has shown resilience through effectivemanagement of internal adjustments and external difficulties, whileremaining committed to long-term sustainable development goals. 14,748,00014,630,0002,139,0002,668,00019.8% For the six months ended 30 September 2025, the Group reported revenueof approximately HK$14,748,000, compared to HK$14,630,000 in thesame period last year. The revenue was primarily generated from theconvergence media businesses and the titanium dioxide distribution. Grossprofit for the period ended 30 September 2025 was HK$2,139,000 (30September 2024: HK$2,668,000). The gross profit margin decreased by19.8%, which was mainly contributed by the increased market competitionin both business segments. Management Discussion and Analysis (continued)管 理 層 討 論 及 分 析（續） 業 務 回 顧 BUSINESS REVIEW(continued) 乾 磨 乾 選 業 務 Dry Grinding and Dry Beneficiation Business The DGDB business has solidified its position as a revenue-generating pillar,with sustained progress in commercialization and strategic marketexpansion. Mongolia Coal Mining Processing Joint Venture 蒙 古 煤 礦 開 採 加 工 合 資 企 業 啟 利 資 源泛 太 資 源 On 8 December 2024, the Company, through its subsidiary, Wealthy LinkResources Limited (“WLR”), entered into a ten-year cooperation agreementwith Van Pacific Resources Ltd. (“VPR”) to jointly develop and operate thecoal mining resources of VPR located in southern Mongolia. For the sixmonths ended 30 September 2025, the project has achieved significantprogress, with: • •Mining camp and supporting