According to the Futu Securities Financial App, Pizu Group (08053) released its annual results for the year ending on March 31, 2024. The group achieved revenue of RMB 1.366 billion, a decrease of 8.57% year-on-year. The net profit attributable to owners is about RMB 131 million, with an earnings per share of 0.037 yuan, and plans to distribute a final dividend of HKD 0.01 per share.

During the current year, the group has made expected progress in both the sales of civil blasting products and the mining business in Anhui province within Inner Mongolia. As raw material prices fell this year, the sales volume of the group's civil explosive products remained stable and the gross margin improved. In the Anhui Jinding Mining direction, the carbon pulp gold extraction project was successfully implemented, significantly improving the overall gold recovery rate of the project, and therefore significantly improving the overall profitability of the Jinding project in Anhui province.