Ev Dynamics (Holdings) Limited (Stock Code: 476) reported revenue of HK$5.3 million for the six months ended 30 September 2025, an increase from HK$2.2 million in the same period last year. Cost of sales was HK$3.9 million, leading to a gross profit of HK$1.4 million. The net loss came in at HK$16.7 million, compared with HK$41.7 million a year earlier, partly reflecting the absence of a loss on disposal of financial assets at fair value through profit or loss recorded in the prior period.

According to the announcement, the Group’s electric vehicle business generated all of its revenue in this period through electric bus sales. A 12-meter electric bus was delivered in Hong Kong, and the Group is actively seeking additional orders from local and overseas customers. It is also expanding into integrated e-Mobility Solutions in the PRC, specifically in commercial transportation for electric heavy trucks. The Group entered into agreements with several PRC counterparties for long-term operational services in new energy coal transportation, supported by fleet operations and charging infrastructure.

During the period, the Group maintained its mining business in the Glauberite Mine in Guangxi. It did not engage in resource extraction or production but continued reviewing a Revised Mining Plan, which centers on potentially improving efficiency using updated technology. The Company also noted ongoing legal disputes relating to the mine’s shareholding structure and contractual matters, though operations remain unaffected.

As of 30 September 2025, the Group held net assets of HK$887.8 million, and its cash and bank balances stood at HK$20.2 million. It completed two share placements and a subscription of new shares, raising proceeds applied primarily to general working capital and new energy vehicle projects. Further proposed share placements were disclosed for additional funding. The Board did not recommend any interim dividend for the period.