Pizu Group Holdings Limited (Stock Code: 9893) reported revenue of approximately RMB748.16 million for the six months ended 30 September 2025, indicating a year-on-year decrease of about 12.92%. Profit attributable to owners of the Company reached around RMB107.62 million, while basic earnings per share stood at RMB0.030. The board did not recommend any interim dividend.

During the period, the Group’s mining segment and the explosives trading and blasting services segment both contributed to total revenue. Its mining subsidiary in Anhui maintained stable production, and demand for non-ferrous metals bolstered sales of concentrates. The explosives segment noted a reduction in sales, partly linked to lower mining activity in certain regions. Despite this, overall profit remained positive.

As of 30 September 2025, the Group held net assets of approximately RMB2,356.49 million, with current assets amounting to about RMB1,301.80 million and current liabilities of RMB1,437.85 million. Borrowings totaled roughly RMB1,031.93 million. Management indicated that no interim dividend was proposed due to strategic capital arrangements.

In terms of project updates, the detonator production line in Tajikistan moved closer to commissioning, pending relevant safety evaluations. Meanwhile, construction at the Tibet Tianren project proceeded toward targeted completion in the coming year. The Group reiterated its focus on both mining and explosives services as part of its ongoing growth strategy.