NAN NAN RES (01229) releases interim results, with shareholders' net loss of 3.375 million Hong Kong dollars, turning from profit to loss year-on-year.

NAN NAN RES (01229) announced its interim results for the six months ending September 30, 2025. The group achieved a revenue of HK$194 million, representing an 8.67% increase compared to the same period last year. The company's owners recorded a loss of HK$3.375 million during the period, compared to a profit of HK$47.334 million in the same period last year. Basic loss per share was 0.44 HK cents. According to the announcement, the increase in revenue from the coal mining business during the reporting period was mainly attributed to a rise in coal sales volume. The group's coal sales volume increased by approximately 56.63% compared to the same period last year. The increase in revenue was due to the combined effect of increased sales volume and a decrease in the average selling price per ton. During the reporting period, the average selling price per ton decreased by approximately HK$37.02 (approximately 29.63%) to approximately HK$87.94 (compared to around HK$124.96 per ton in 2024). The decrease in average selling price was mainly due to intense competition in the local market. Revenue from the renewable energy business slightly increased by approximately 8.16% during the reporting period mainly due to the impact of exchange rates. The information technology services business did not generate any revenue, as the continued challenging global economic environment posed significant challenges to this segment, resulting in a significant decrease of 100% in revenue compared to the same period last year. The group streamlined operations, reduced staff, and terminated underperforming service projects to downsize the information technology services business, in order to control costs and mitigate further losses.