富一国际控股2025/26中期报告

Stock Code1470(Incorporated in the Cayman Islands with limited liability) 258121718202122Corporate InformationChairman’s StatementManagement Discussion and AnalysisCorporate Governance and Other InformationCondensed Consolidated Statement of Profit or Loss andOther Comprehensive IncomeCondensed Consolidated Statement of Financial PositionCondensed Consolidated Statement of Changes in EquityCondensed Consolidated Statement of Cash FlowsNotes to the Condensed Consolidated Interim Financial Statements CORPORATE INFORMATION公司資料 DIRECTORS Executive Directors Mr. Liu Guoqing(Chairman and Chief Executive Officer)Mr. Liu JiaqiangMr. Li Dongpo(Chief Financial Officer)Ms. Meng Zichao(appointed on 31 December 2025) Ms. Wong Wai Chu(resigned on 31 December 2025) Independent non-executive Directors Mr. Tian ZhiyuanMr. Wang LupingMr. Gao Jizhong BOARD COMMITTEES Audit Committee Mr. Tian Zhiyuan(Chairman)Mr. Wang LupingMr. Gao Jizhong Remuneration Committee Mr. Tian Zhiyuan(Chairman)Mr. Liu GuoqingMr. Wang Luping Nomination Committee Mr. Gao Jizhong(Chairman)Mr. Tian ZhiyuanMs. Meng Zichao(appointed on 31 December 2025) Ms. Wong Wai Chu(ceased on 31 December 2025) COMPANY SECRETARY Mr. Kwok Siu Man AUTHORISED REPRESENTATIVES Mr. Liu GuoqingMr. Kwok Siu Man PRINCIPAL BANKERS Bank of China (Hong Kong) LimitedDBS Bank (Hong Kong) LimitedHang Seng Bank LimitedThe Hongkong and Shanghai Banking Corporation Limited INDEPENDENT AUDITOR Fan, Chan & Co. Limited REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG Room 4801, 48/F, Hopewell CentreNo. 183 Queen’s Road EastWanchaiHong Kong 183484801 CORPORATE INFORMATION PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN THE CAYMANISLANDS Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 148212103B Boardroom Share Registrars (HK) LimitedRoom 2103B, 21/F148 Electric RoadNorth PointHong Kong www.prosperoneintl.com COMPANY’S WEBSITE www.prosperoneintl.com LISTING INFORMATION Place of Listing:Main Board of The Stock Exchange of Hong Kong Limited 1470 Stock Code1470 4,000 Board Lot4,000 Shares Dear Shareholders, On behalf of the board of directors of Prosper One International HoldingsCompanyLimited(the“Company”,the“Directors”and the“Board”,respectively), I hereby present the unaudited interim results of the Companyand its subsidiaries (collectively the “Group”) for the six months ended 31October 2025 (the “Review Period”) together with the relevant comparativefigures. BUSINESS REVIEW The business environment of the Group remained challenging during theReview Period. The sales performance of the watch wholesale businesscontinuedto be stagnant due to change in consumption patterns ofvisitors and the economic downturn. In view of this, the Group focused onclearing out slow-moving inventories through sales promotional activities.Furthermore,the fertiliser industry faced a complex and ever-changingmarket environment, and competition within the industry intensified. TheGroup’s manufacture and sales of compound fertilisers business encounterednumerous difficulties and challenges during the Review Period. Affected byoversupply and weak domestic demand, sales volume of compound fertilisersdeclined. Nevertheless, due to adjustments in urea export policies, the exportvolume of urea increased, thereby driving a decent revenue growth in theGroup’s trading business. Faced with numerous challenges and uncertainties,the Group took a series of measures to control operating costs to overcomedifficulties. 108.6% The major products sold by the Group’s trading business include urea,compound fertiliser and crude glycerine, and the application of urea can bebroadly divided into agricultural, industrial and vehicle uses. During the ReviewPeriod, fertiliser prices also showed a downward trend due to insufficientdomesticmarket demand.Faced with weak demand in the domesticfertiliser market, the Group demonstrated strong adaptability and activelyimplemented a series of measures to strengthen marketing and promotedomestic sales. The considerable growth in domestic trading volume of ureaoffset the impact of a decrease in trading volume of compound fertiliser,resulting in an increase in the Group’s domestic trading business revenue.Meanwhile, with the orderly adjustment of urea export policies, export volumeof urea increased by approximately 108.6% compared with the same periodlast year. Driven by the urea export business, the Group’s trading businessperformance improved during the Review Period. As for manufacture and sales of compound fertilisers business, the Group has