比优集团中期报告 2025/2026

HIGHLIGHTS •Revenue of the Group for the six months ended30 September 2025 (the “Interim Period”) wasapproximately RMB748.16 million, representingadecrease of approximately 12.92%ascompared to the corresponding period in theprevious fiscal year. 本 集 團 截 至 二 零 二 五 年 九 月 三 十 日止 六 個 月 期 間（「中 期 期 間」）之 收 益約 為 人 民 幣74,816萬 元，較 上 個 財政年度同期減少約12.92%。 •TheGroup recorded a profit attributable toownersof approximately RMB107.62 millionfor the Interim Period.• 本 集 團 於 中 期 期 間 之 擁 有 人 應 佔 溢利約為人民幣10,762萬元。 本 集 團 於 中 期 期 間 之 本 公 司 擁 有人 應 佔 全 面 收 益 總 額 約 為 人 民 幣11,731萬元。 •TheGroup recorded a total comprehensiveincome attributable to owners of the Companyofapproximately RMB117.31 million for theInterim Period.• •Basic earnings per share of the Group wasapproximatelyRMB0.030 for the InterimPeriod.• 本 集 團 於 中 期 期 間 之 每 股 基 本 盈 利約為人民幣0.030元。 CONDENSEDCONSOLIDATED STATEMENT OFCOMPREHENSIVE INCOMEFor the six months ended 30 September 2025 CONDENSEDCONSOLIDATED STATEMENT OFCOMPREHENSIVE INCOMEFor the six months ended 30 September 2025 CONDENSED CONSOLIDATED STATEMENT OFCHANGES IN EQUITY 截至二零二五年九月三十日止六個月（未經審核） Forthe six months ended 30 September 2025(Unaudited) CONDENSEDCONSOLIDATED STATEMENT OFCASH FLOWSFor the six months ended 30 September 2025 截至二零二五年九月三十日止六個月 Pizu Group Holdings Limited比優集團控股有限公司Interim Report2025/2026中期報告 NOTES TO THECONDENSED CONSOLIDATEDFINANCIAL STATEMENTSFor the six months ended 30 September 2025 截至二零二五年九月三十日止六個月 1. 1.Corporate information 比優集團控股有限公司（「本公司」）乃於開曼群島註冊成立之獲豁免有限公司。其註冊辦事處地址為Conyers Trust Company(Cayman)Limited,Cricket Square,HutchinsDrive,P.O.Box 2681,GrandCayman,KY1-1111,Cayman Islands。其主要營業地點的地址為香港上環干諾道中168-200號 信 德 中 心 西 座21樓07室。本公司股份自二零零四年八月六日起於香港聯 合 交 易 所 有 限 公 司（「聯 交 所」）GEM上市，並在二零二五年二月十八日起開始在聯交所主板買賣。 PizuGroup Holdings Limited(the“Company”)isincorporated in the Cayman Islands as an exemptedcompanywith limited liability.The address ofitsregistered office is Conyers Trust Company(Cayman) Limited, Cricket Square, Hutchins Drive,P.O. Box 2681, Grand Cayman, KY1-1111, CaymanIslands.The address of its principal place ofbusinessis Unit 07,21/F,West Tower,Shun TakCentre,168-200 Connaught Road Central,SheungWan, Hong Kong. The Company’s shares are listedonGEM of The Stock Exchange of Hong KongLimited (the “Stock Exchange”) since 6 August 2004,anddealing of the Company’s Share on the MainBoardof the Stock Exchange commenced on 18February 2025. The Company and its subsidiaries (collectively, the“Group”) are principally engaged in manufacturingandsale of explosives,provision of blastingoperation and related services, as well as mining,processing and sales of mineral products. 本 公 司 及 其 附 屬 公 司（統 稱 為「本 集 團」）的 主 要 業 務 為 製 造 及 銷 售 爆 炸 物 品 及 提供爆破作業及相關服務，以及礦產品的開採、選礦及銷售。 TheGroup principally operates in the People’sRepublicof China(the“PRC”)with its businessactivities principally transacted in Renminbi (“RMB”),the results of the Group are therefore prepared inRMB. 本 集 團 主 要 在 中 華 人 民 共 和 國（「中 國」）經營業務，其業務活動主要以人民幣（「人民幣」）進行，因此本集團之業績乃以人民幣編製。 本集團截至二零二五年九月三十日止六個月之簡明綜合財務報表（「中期財務報表」）未經審核，惟經審核委員會審閱並經董事會於二零二五年十一月二十八日批准刊發。 Thecondensed consolidated financial statementsof Group for the six months ended 30 September2025 (the “interim financial statements”) which havenotbeen audited but have been reviewed by theaudit committee, and were approved for issue by theboard of directors on 28 November 2025. Pizu Group Holdings Limited比優集團控股有限公司Interim Report2025/2026中期報告 2. 2.Basis of preparation The interim financial statements have been preparedin accordance with Hong Kong Accounting Standard34 “Interim Financial Reporting” issued by the HongKong Institute of Certified Public Accountants andtheapplicable disclosure provisions of the RulesGoverningthe Listing of Securities on the StockExchange (“Listing Rules”). 中期財務報表乃根據香港會計師公會頒布之 香 港 會 計 準 則 第34號「中 期 財 務 報 告」及 聯 交 所 證 券 上 市 規 則（「上 市 規 則」）之適用披露條文所編製。 Theinterim financial statements do not includeall the information and disclosures required in theannualfinancial statements,and should be readinconjunction with the Group’s annual financialstatements for the year ended 31 March 2025 (the“2025 Annual Financial Statements”). 中期財務報表不包括年度財務報表所規定的所有資料及披露，以及應與本集團截至二零二五年三月三十一日止年度的年度財務 報 表（「二 零 二 五 年 年 度 財 務 報 表」）一併閱讀。 The interim financial statements have been preparedinaccordance with the same accounting policiesandmethods of computation as adopted by theGroup in the 2025 Annual Financial Statements. 中期財務報表乃根據本集團於二零二五年年度財務報表所採納的相同會計政策及計算方法編製。 於本中期期間內，本集團已經於編製本集團的簡明綜合財務報表時首次應用以下由香港會計師公會發出的經修訂香港財務報告準則會計準則，其於二零二五年四月一日或之後開始的年度期間強制生效： In the current interim period, the Group has appliedthefollowing amendments to HKFRS AccountingStandardsas issued by the HKICPA,for the firsttime, which are mandatorily effective for the annualperiods beginning on or after 1 April 2025 for thepreparation of the Group’s condensed consolidatedfinancial statements: Amendments to HKAS 21Lack of Exchangeability 香港會計準則第21號的修訂缺乏可兌換性 Theapplication of the amendments to HKFRSAc