Link: https://links.sgx.com/1.0.0/corporate-announcements/BOM21MFHYEQ4C3E2/4fb71bc8ef405e7dee2947d5bc6ca301725c64f0e4fa2544e0981278b3417a93

Summary:

• Revenue: Up 40.8% YoY to RMB 220.6 million (vs RMB 156.7 million in 1H FY25), driven by increases in sweet potato processed products, fresh sweet potatoes, and new fermented feedstock sales.

• Net profit: Attributable to owners doubled to RMB 16.1 million (vs RMB 7.8 million last year).

• Gross profit: Up 28% to RMB 66.6 million, gross margin dipped to 30.2% (from 33.2%) due to higher raw material and overhead costs.

• Major growth drivers: Processed sweet potato products (+46% to RMB 157 million), sweet potato seedlings (+499% to RMB 4.8 million), launch of probiotic fermented feedstock from agricultural waste (new revenue stream).

• Balance sheet: Net cash rose 73% to RMB 187.7 million, working capital up 30% to RMB 309.7 million, equity increased, cash and bank balances at RMB 266.5 million.

• Share option fundraising: Management and investors approved subscription for up to 889 million new shares at S$0.030 each (net proceeds ≈ S$26.57m, targeted for China and global expansion).

• Expansion & innovation: Growth in seedling nursery, smart warehousing, and higher-margin branded products; pilot poultry business uses probiotic feed; ongoing biotech and foodtech R&D.

• Outlook: Strong prospects on sweet potato circular economy model, international expansion, and enhanced business ecosystem; Board confident in organic growth for FY2026.