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

Total comprehensive income attributable to owners reached about RMB117.31 million. According to the management discussion, sluggish coal and coke demand in Inner Mongolia and stricter safety measures led to reduced civil explosives sales, while sales of mineral concentrates grew by 28.44% due to higher copper and sulfur concentrate pricing. Despite the decline in explosive trading revenue, selective project adjustments helped stabilize overall operations.

Segment information showed continued contributions from mining operations, where the Anhui Jinding project increased production volume. The group also noted that capital commitments remained focused on property, plant, and equipment investments. As of 30 September 2025, gearing ratio was about 52.13%, and net assets stood at RMB2,356.49 million.

The company remains engaged in manufacturing and selling explosives, providing blasting services, and mining mineral products. While the civil explosives market faced challenges in Inner Mongolia, the group indicated continued progress in mining operations, with plans to drive business expansion in both existing and upcoming projects.