Minshang Creative Technology Holdings Limited (Stock Code: 1632) released its unaudited consolidated results for the six months ended 30 September 2025. Revenue rose sharply to HK$19.36 million from HK$0.01 million in the same period last year. The Group recorded a loss of HK$14.75 million, while the portion attributable to shareholders stood at around HK$10.44 million. No interim dividend was declared.

The Group’s key activities include IT solution services, renewable energy technology, and trading. The rise in overall revenue mainly came from the consolidation of Beijing Minshang Zhihui E-commerce Co., Limited (“Minshang Zhihui”), which focuses on providing customized e-commerce platforms and supply chain management to financial institutions and large corporations. Following a shareholders’ resolution and registration procedures completed in late July 2025, Minshang Zhihui became a subsidiary of the Group on 1 August 2025.

In the renewable energy segment, the Group has been constructing a biomass oil production facility in Fuzhou City, Jiangxi Province. Construction of core infrastructure was largely completed by the end of September 2025, with trial production anticipated to start around December 2025. The Group aims to leverage proprietary technology and patents to work with traditional methanol producers in transitioning toward green methanol.

As of 30 September 2025, cash and cash equivalents were approximately HK$7.37 million, with bank borrowings at HK$104 million. The Board reiterated its commitment to developing the IT solution business for banks, state-owned enterprises, and retailers, as well as to pushing forward its renewable energy technology initiatives. The Group noted continued efforts to drive the trading business when suitable opportunities arise.