Fuxing China Group Limited ANNUAL REPORT 2025
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| Metric / unit | 2025Group, FY ended 31 December 2025 | 2024Group, FY ended 31 December 2024 | Source |
|---|---|---|---|
| Income | |||
| RevenueRMB'000 | 672,347 | 735,871 | PDF p. 87 |
| Cost of salesRMB'000 | (622,841) | (690,089) | PDF p. 87 |
| Gross profitRMB'000 | 49,506 | 45,782 | PDF p. 87 |
| Other items of income | |||
| Other incomeRMB'000 | 51,964 | 38,932 | PDF p. 87 |
| Other items of expenses | |||
| Marketing and distribution expensesRMB'000 | (13,110) | (11,961) | PDF p. 87 |
| Administrative expensesRMB'000 | (58,044) | (60,526) | PDF p. 87 |
| Other expensesRMB'000 | (3,770) | (55) | PDF p. 87 |
| Financial costs, netRMB'000 | (5,127) | (8,825) | PDF p. 87 |
| Income | |||
| Profit before taxRMB'000 | 21,419 | 3,347 | PDF p. 87 |
| Income tax expenseRMB'000 | (934) | (2,470) | PDF p. 87 |
| Profit for the yearRMB'000 | 20,485 | 877 | PDF p. 87 |
| Other comprehensive loss: Item that may be reclassified subsequently to profit or loss | |||
| Exchange differences on translating foreign operationsRMB'000 | (442) | (2,796) | PDF p. 87 |
| Other comprehensive loss | |||
| Total comprehensive income/(loss) for the yearRMB'000 | 20,043 | (1,919) | PDF p. 87 |
| Profit attributable to | |||
| Owners of the CompanyRMB'000 | 20,250 | 698 | PDF p. 87 |
| Non-controlling interestsRMB'000 | 235 | 179 | PDF p. 87 |
| Profit attributable to (total) | |||
| SubtotalRMB'000 | 20,485 | 877 | PDF p. 87 |
| Total comprehensive income/(loss) attributable to | |||
| Owners of the CompanyRMB'000 | 19,808 | (2,098) | PDF p. 87 |
| Non-controlling interestsRMB'000 | 235 | 179 | PDF p. 87 |
| Total comprehensive income/(loss) attributable to (total) | |||
| SubtotalRMB'000 | 20,043 | (1,919) | PDF p. 87 |
| Earnings per share attributable to owners of the Company | |||
| Basic and dilutedRMB per share | 1.15 | 0.04 | PDF p. 87 |
Original report: PDF p. 87 ↗
The accompanying notes form an integral part of the financial statements.
No separate Company income statement is presented; only consolidated statement.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, as at 31 December 2025 | 2024Group, as at 31 December 2024 | Source |
|---|---|---|---|
| Non-current assets | |||
| Property, plant and equipmentRMB'000 | 228,590 | 269,998 | PDF p. 88 |
| Investment propertiesRMB'000 | 39,000 | 42,060 | PDF p. 88 |
| Land use rightsRMB'000 | 15,863 | 22,406 | PDF p. 88 |
| Intangible assetsRMB'000 | 1,903 | 2,504 | PDF p. 88 |
| Investment in subsidiariesRMB'000 | – | – | PDF p. 88 |
| Non-current assets (subtotal) | |||
| SubtotalRMB'000 | 285,356 | 336,968 | PDF p. 88 |
| Current assets | |||
| InventoriesRMB'000 | 74,176 | 66,437 | PDF p. 88 |
| Trade and other receivablesRMB'000 | 228,833 | 265,511 | PDF p. 88 |
| PrepaymentsRMB'000 | 49,463 | 57,430 | PDF p. 88 |
| Cash and short-term depositsRMB'000 | 191,916 | 169,634 | PDF p. 88 |
| Current assets (subtotal) | |||
| SubtotalRMB'000 | 544,388 | 559,012 | PDF p. 88 |
| Assets | |||
| Total assetsRMB'000 | 829,744 | 895,980 | PDF p. 88 |
| Equity attributable to owners of the Company | |||
| Share capitalRMB'000 | 2,202 | 1,874 | PDF p. 88 |
| Treasury sharesRMB'000 | (6,408) | (6,408) | PDF p. 88 |
| Reserve fundRMB'000 | 67,593 | 67,552 | PDF p. 88 |
| Capital reserveRMB'000 | 39,573 | 39,573 | PDF p. 88 |
| Contributed surplusRMB'000 | 604,881 | 598,946 | PDF p. 88 |
| Restructuring reserveRMB'000 | (117,878) | (117,878) | PDF p. 88 |
| Foreign currency translation reserveRMB'000 | (13,197) | (12,755) | PDF p. 88 |
| Retained earnings/(Accumulated losses)RMB'000 | 20,485 | 276 | PDF p. 88 |
| Equity | |||
| Total equity attributable to owners of the CompanyRMB'000 | 597,251 | 571,180 | PDF p. 88 |
| Non-controlling interestsRMB'000 | 735 | 509 | PDF p. 88 |
| Total equityRMB'000 | 597,986 | 571,689 | PDF p. 88 |
| Current liabilities | |||
| Trade and other payablesRMB'000 | 100,166 | 96,013 | PDF p. 88 |
| Loans and borrowingsRMB'000 | 113,623 | 204,575 | PDF p. 88 |
| Income tax payableRMB'000 | 3,842 | 3,833 | PDF p. 88 |
| Current liabilities (subtotal) | |||
| SubtotalRMB'000 | 217,631 | 304,421 | PDF p. 88 |
| Non-current liabilities | |||
| Deferred tax liabilitiesRMB'000 | 14,127 | 19,870 | PDF p. 88 |
| Liabilities | |||
| Total liabilitiesRMB'000 | 231,758 | 324,291 | PDF p. 88 |
| Equity and liabilities | |||
| Total equity and liabilitiesRMB'000 | 829,744 | 895,980 | PDF p. 88 |
Original report: PDF p. 88 ↗
The accompanying notes form an integral part of the financial statements.
Group columns only; Company columns in separate table.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Company, as at 31 December 2025 | 2024Company, as at 31 December 2024 | Source |
|---|---|---|---|
| Non-current assets | |||
| Property, plant and equipmentRMB'000 | – | – | PDF p. 88 |
| Investment in subsidiariesRMB'000 | 344,853 | 344,853 | PDF p. 88 |
| Non-current assets (subtotal) | |||
| SubtotalRMB'000 | 344,853 | 344,853 | PDF p. 88 |
| Current assets | |||
| Trade and other receivablesRMB'000 | 243,656 | 244,345 | PDF p. 88 |
| Cash and short-term depositsRMB'000 | 84 | 115 | PDF p. 88 |
| Current assets (subtotal) | |||
| SubtotalRMB'000 | 243,740 | 244,460 | PDF p. 88 |
| Assets | |||
| Total assetsRMB'000 | 588,593 | 589,313 | PDF p. 88 |
| Equity attributable to owners of the Company | |||
| Share capitalRMB'000 | 2,202 | 1,874 | PDF p. 88 |
| Treasury sharesRMB'000 | (6,408) | (6,408) | PDF p. 88 |
| Capital reserveRMB'000 | 39,573 | 39,573 | PDF p. 88 |
| Contributed surplusRMB'000 | 604,881 | 598,946 | PDF p. 88 |
| Retained earnings/(Accumulated losses)RMB'000 | (54,230) | (52,553) | PDF p. 88 |
| Equity | |||
| Total equity attributable to owners of the CompanyRMB'000 | 586,018 | 581,432 | PDF p. 88 |
| Total equityRMB'000 | 586,018 | 581,432 | PDF p. 88 |
| Current liabilities | |||
| Trade and other payablesRMB'000 | 2,575 | 7,881 | PDF p. 88 |
| Current liabilities (subtotal) | |||
| SubtotalRMB'000 | 2,575 | 7,881 | PDF p. 88 |
| Liabilities | |||
| Total liabilitiesRMB'000 | 2,575 | 7,881 | PDF p. 88 |
| Equity and liabilities | |||
| Total equity and liabilitiesRMB'000 | 588,593 | 589,313 | PDF p. 88 |
Original report: PDF p. 88 ↗
The accompanying notes form an integral part of the financial statements.
Company columns only; rows with dashes only in Company columns (e.g. reserve fund, land use rights) omitted for brevity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, RMB'000 | 2024Group, RMB'000 | Source |
|---|---|---|---|
| Income | |||
| RevenueRMB'000 | 672,347 | 735,871 | PDF p. 87 |
| Cost of salesRMB'000 | (622,841) | (690,089) | PDF p. 87 |
| Gross profitRMB'000 | 49,506 | 45,782 | PDF p. 87 |
| Other items of income | |||
| Other incomeRMB'000 | 51,964 | 38,932 | PDF p. 87 |
| Other items of expenses | |||
| Marketing and distribution expensesRMB'000 | (13,110) | (11,961) | PDF p. 87 |
| Administrative expensesRMB'000 | (58,044) | (60,526) | PDF p. 87 |
| Other expensesRMB'000 | (3,770) | (55) | PDF p. 87 |
| Financial costs, netRMB'000 | (5,127) | (8,825) | PDF p. 87 |
| Income | |||
| Profit before taxRMB'000 | 21,419 | 3,347 | PDF p. 87 |
| Income tax expenseRMB'000 | (934) | (2,470) | PDF p. 87 |
| Profit for the yearRMB'000 | 20,485 | 877 | PDF p. 87 |
| Other comprehensive loss - Item that may be reclassified subsequently to profit or loss | |||
| Exchange differences on translating foreign operationsRMB'000 | (442) | (2,796) | PDF p. 87 |
| Other comprehensive loss | |||
| Total comprehensive income/(loss) for the yearRMB'000 | 20,043 | (1,919) | PDF p. 87 |
| Profit attributable to | |||
| Owners of the CompanyRMB'000 | 20,250 | 698 | PDF p. 87 |
| Non-controlling interestsRMB'000 | 235 | 179 | PDF p. 87 |
| Total comprehensive income/(loss) attributable to | |||
| Owners of the CompanyRMB'000 | 19,808 | (2,098) | PDF p. 87 |
| Non-controlling interestsRMB'000 | 235 | 179 | PDF p. 87 |
| Earnings per share attributable to owners of the Company | |||
| Basic and dilutedRMB per share | 1.15 | 0.04 | PDF p. 87 |
Original report: PDF p. 87 ↗
The accompanying notes form an integral part of the financial statements.
Earnings per share in RMB per share.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, Share capital, RMB'000 | 2025Group, Treasury shares, RMB'000 | 2025Group, Reserve fund, RMB'000 | 2025Group, Capital reserve, RMB'000 | 2025Group, Contributed surplus, RMB'000 | 2025Group, Restructuring reserve, RMB'000 | 2025Group, Foreign currency translation reserve, RMB'000 | 2025Group, Retained earnings, RMB'000 | 2025Group, Attributable to owners of the Company, RMB'000 | 2025Group, Non-controlling interests, RMB'000 | 2025Group, Total, RMB'000 | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | ||||||||||||
| Balance at 1 January 2025RMB'000 | 1,874 | (6,408) | 67,552 | 39,573 | 598,946 | (117,878) | (12,755) | 276 | 571,180 | 509 | 571,689 | PDF p. 89 |
| Profit for the yearRMB'000 | – | – | – | – | – | – | – | 20,250 | 20,250 | 235 | 20,485 | PDF p. 89 |
| Group - Total comprehensive income for the year | ||||||||||||
| for the yearRMB'000 | – | – | – | – | – | – | (442) | 20,250 | 19,808 | 235 | 20,043 | PDF p. 89 |
| Group - Contribution by and distributions to owners | ||||||||||||
| Appropriation to reserve fundRMB'000 | – | – | 41 | – | – | – | – | (41) | – | – | – | PDF p. 89 |
| Issuance of sharesRMB'000 | 328 | – | – | – | 5,935 | – | – | – | 6,263 | – | 6,263 | PDF p. 89 |
| Group - Dividends paid to non-controlling interests | ||||||||||||
| controlling interestsRMB'000 | – | – | – | – | – | – | – | – | – | (9) | (9) | PDF p. 89 |
| Group - Balance at 31 December 2025 | ||||||||||||
| 2025RMB'000 | 2,202 | (6,408) | 67,593 | 39,573 | 604,881 | (117,878) | (13,197) | 20,485 | 597,251 | 735 | 597,986 | PDF p. 89 |
Original report: PDF p. 89 ↗
The accompanying notes form an integral part of the financial statements.
Row labels wrapped across lines; label fragments on the numeric line are used.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group, Share capital, RMB'000 | 2024Group, Treasury shares, RMB'000 | 2024Group, Reserve fund, RMB'000 | 2024Group, Capital reserve, RMB'000 | 2024Group, Contributed surplus, RMB'000 | 2024Group, Restructuring reserve, RMB'000 | 2024Group, Foreign currency translation reserve, RMB'000 | 2024Group, Retained earnings/(Accumulated losses), RMB'000 | 2024Group, Attributable to owners of the Company, RMB'000 | 2024Group, Non-controlling interests, RMB'000 | 2024Group, Total, RMB'000 | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | ||||||||||||
| Balance at 1 January 2024RMB'000 | 772,574 | (6,408) | 67,130 | 39,573 | – | (117,878) | (9,959) | (171,754) | 573,278 | 444 | 573,722 | PDF p. 90 |
| Profit for the yearRMB'000 | – | – | – | – | – | – | – | 698 | 698 | 179 | 877 | PDF p. 90 |
| Group - Total comprehensive loss for the year | ||||||||||||
| for the yearRMB'000 | – | – | – | – | – | – | (2,796) | 698 | (2,098) | 179 | (1,919) | PDF p. 90 |
| Group - Contribution by and distributions to owners | ||||||||||||
| Appropriation to reserve fundRMB'000 | – | – | 422 | – | – | – | – | (422) | – | – | – | PDF p. 90 |
| Capital reorganisationRMB'000 | (770,700) | – | – | – | 598,946 | – | – | 171,754 | – | – | – | PDF p. 90 |
| Group - Dividends paid to non-controlling interests | ||||||||||||
| controlling interestsRMB'000 | – | – | – | – | – | – | – | – | – | (114) | (114) | PDF p. 90 |
| Group - Balance at 31 December 2024 | ||||||||||||
| 2024RMB'000 | 1,874 | (6,408) | 67,552 | 39,573 | 598,946 | (117,878) | (12,755) | 276 | 571,180 | 509 | 571,689 | PDF p. 90 |
Original report: PDF p. 90 ↗
The accompanying notes form an integral part of the financial statements.
Row labels wrapped across lines; label fragments on the numeric line are used.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Company, Share capital, RMB'000 (movements for 2024) | 2024Company, Treasury shares, RMB'000 | 2024Company, Capital reserve, RMB'000 | 2024Company, Contributed surplus, RMB'000 | 2024Company, Accumulated losses, RMB'000 | 2024Company, Total equity, RMB'000 | Source |
|---|---|---|---|---|---|---|---|
| Company | |||||||
| Balance at 1 January 2024RMB'000 | 772,574 | (6,408) | 39,573 | – | (218,337) | 587,402 | PDF p. 91 |
| Company - 2024 Loss for the year, representing total | |||||||
| comprehensive loss for the yearRMB'000 | – | – | – | – | (5,970) | (5,970) | PDF p. 91 |
| Company - 2024 | |||||||
| Capital reorganisationRMB'000 | (770,700) | – | – | 598,946 | 171,754 | – | PDF p. 91 |
| Company - Balance at 31 December 2024 and | |||||||
| 1 January 2025RMB'000 | 1,874 | (6,408) | 39,573 | 598,946 | (52,553) | 581,432 | PDF p. 91 |
| Company - 2025 | |||||||
| Loss for the year, representing total comprehensive loss for the yearRMB'000 | – | – | – | – | (1,677) | (1,677) | PDF p. 91 |
| Issuance of sharesRMB'000 | 328 | – | – | 5,935 | – | 6,263 | PDF p. 91 |
| Company | |||||||
| Balance at 31 December 2025RMB'000 | 2,202 | (6,408) | 39,573 | 604,881 | (54,230) | 586,018 | PDF p. 91 |
Original report: PDF p. 91 ↗
The accompanying notes form an integral part of the financial statements.
Single table covers FY2024 and FY2025 movements in sequence; rows dated 31 December 2025 and 2025 movements are the 2025 period (balances as printed).
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, RMB'000 | 2024Group, RMB'000 | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit before taxRMB'000 | 21,419 | 3,347 | PDF p. 92 |
| Operating - Adjustments for | |||
| Depreciation of property, plant and equipmentRMB'000 | 39,122 | 39,982 | PDF p. 92 |
| Change in fair value of investment propertiesRMB'000 | 3,060 | – | PDF p. 92 |
| Amortisation of land use rightsRMB'000 | 784 | 906 | PDF p. 92 |
| Amortisation of intangible assetsRMB'000 | 601 | 500 | PDF p. 92 |
| Loss/(Gain) on disposal of property, plant and equipmentRMB'000 | 710 | (7,123) | PDF p. 92 |
| Net provision for/(reversal of) loss allowance for trade receivablesRMB'000 | 1,847 | (10,633) | PDF p. 92 |
| Net provision for/(reversal of) loss allowance for prepaymentsRMB'000 | 736 | (2,692) | PDF p. 92 |
| Gain on disposal of subsidiaryRMB'000 | (20,206) | – | PDF p. 92 |
| Waiver of amount due to a directorRMB'000 | (10,539) | – | PDF p. 92 |
| Net reversal of provision for inventoriesRMB'000 | (4,222) | – | PDF p. 92 |
| Forfeiture of advances from customersRMB'000 | (5,104) | (3,013) | PDF p. 92 |
| Finance costs, netRMB'000 | 5,127 | 8,825 | PDF p. 92 |
| Foreign currency differencesRMB'000 | (442) | (2,796) | PDF p. 92 |
| Operating | |||
| Total adjustmentsRMB'000 | 11,474 | 23,956 | PDF p. 92 |
| Operating cash flows before changes in working capitalRMB'000 | 32,893 | 27,303 | PDF p. 92 |
| Operating - Changes in working capital | |||
| InventoriesRMB'000 | (3,904) | 13,880 | PDF p. 92 |
| Trade and other receivablesRMB'000 | 23,534 | (12,883) | PDF p. 92 |
| PrepaymentsRMB'000 | 7,231 | 34,639 | PDF p. 92 |
| Trade and other payablesRMB'000 | 16,733 | 7,636 | PDF p. 92 |
| Operating | |||
| Total changes in working capitalRMB'000 | 43,594 | 43,272 | PDF p. 92 |
| Cash flows generated from operationsRMB'000 | 76,487 | 70,575 | PDF p. 92 |
| Income taxes paidRMB'000 | (312) | (2,238) | PDF p. 92 |
| Net cash generated from operating activitiesRMB'000 | 76,175 | 68,337 | PDF p. 92 |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipmentRMB'000 | (16,072) | (12,160) | PDF p. 92 |
| Purchase of land use rightRMB'000 | (1,076) | – | PDF p. 92 |
| Purchase of intangible assetsRMB'000 | – | (3,004) | PDF p. 92 |
| Proceeds from disposal of property, plant and equipmentRMB'000 | 1,268 | 10,265 | PDF p. 92 |
| Proceeds from disposal of subsidiary, net of cash disposedRMB'000 | 45,567 | – | PDF p. 92 |
| Interest receivedRMB'000 | 515 | 573 | PDF p. 92 |
| Net cash generated from/(used in) investing activitiesRMB'000 | 30,202 | (4,326) | PDF p. 92 |
| Cash flows from financing activities | |||
| Dividends paid to non-controlling interests of a subsidiaryRMB'000 | (9) | (114) | PDF p. 93 |
| Issuance of sharesRMB'000 | 6,263 | – | PDF p. 93 |
| Advances from directorsRMB'000 | 6,245 | 7,188 | PDF p. 93 |
| Proceeds from loans and borrowingsRMB'000 | 50,504 | 125,004 | PDF p. 93 |
| Repayments of loans and borrowingsRMB'000 | (141,456) | (130,840) | PDF p. 93 |
| Interest paidRMB'000 | (5,642) | (9,398) | PDF p. 93 |
| Decrease/(Increase) in pledged depositsRMB'000 | 21,000 | (3,186) | PDF p. 93 |
| Net cash used in financing activitiesRMB'000 | (63,095) | (11,346) | PDF p. 93 |
| Net change in cash | |||
| Net increase in cash and cash equivalentsRMB'000 | 43,282 | 52,665 | PDF p. 93 |
| Cash and cash equivalents at beginning of financial yearRMB'000 | 132,948 | 80,283 | PDF p. 93 |
| Cash and cash equivalents at end of financial yearRMB'000 | 176,230 | 132,948 | PDF p. 93 |
Original report: PDF p. 92 ↗ PDF p. 93 ↗
The accompanying notes form an integral part of the financial statements.
Continues on page 93 (financing activities through closing cash).
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, 1 January 2025, RMB'000 | 2025Group, Non-cash: Interest expense, RMB'000 | 2025Group, Non-cash: Waiver of amount due to a director, RMB'000 | 2025Group, Financing cash inflows/(outflows), RMB'000 | 2025Group, 31 December 2025, RMB'000 | Source |
|---|---|---|---|---|---|---|
| Liabilities | ||||||
| Loans and borrowings (Note 23)RMB'000 | 204,575 | 5,642 | – | (96,594) | 113,623 | PDF p. 93 |
| Liabilities - Amount due to a director (non-trade) | ||||||
| (Note 22)RMB'000 | 8,780 | – | (10,539) | 6,245 | 4,486 | PDF p. 93 |
| Assets | ||||||
| Pledged deposits (Note 19)RMB'000 | (36,686) | – | – | 21,000 | (15,686) | PDF p. 93 |
Original report: PDF p. 93 ↗
The accompanying notes form an integral part of the financial statements.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group, 1 January 2024, RMB'000 | 2024Group, Non-cash: Interest expense, RMB'000 | 2024Group, Financing cash inflows/(outflows), RMB'000 | 2024Group, 31 December 2024, RMB'000 | Source |
|---|---|---|---|---|---|
| Liabilities | |||||
| Loans and borrowings (Note 23)RMB'000 | 210,411 | 9,398 | (15,234) | 204,575 | PDF p. 93 |
| Amount due to a director (non-trade) (Note 22)RMB'000 | 1,592 | – | 7,188 | 8,780 | PDF p. 93 |
| Assets | |||||
| Pledged deposits (Note 19)RMB'000 | (33,500) | – | (3,186) | (36,686) | PDF p. 93 |
Original report: PDF p. 93 ↗
The accompanying notes form an integral part of the financial statements.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Earnings per share | |||
| Profit for the year attributable to owners of the CompanyRMB'000 | 20,250 | 698 | PDF p. 119 |
| Weighted average number of ordinary shares for diluted earnings per share computation'000 shares | 17,616 | 17,205 | PDF p. 119 |
| Basic and diluted earnings per share (RMB per share)RMB per share | 1.15 | 0.04 | PDF p. 119 |
Original report: PDF p. 119 ↗
Basic EPS is calculated by dividing profit attributable to owners by the weighted average number of ordinary shares outstanding during the year of 17,616,397 ordinary shares (2024: 17,205,438).
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Capital management | |||
| Trade and other payablesRMB'000 | 100,166 | 96,013 | PDF p. 150 |
| Loans and borrowingsRMB'000 | 113,623 | 204,575 | PDF p. 150 |
| Less: Cash and unpledged depositsRMB'000 | (176,230) | (132,948) | PDF p. 150 |
| Net debtRMB'000 | 37,559 | 167,640 | PDF p. 150 |
| Equity attributable to owners of the CompanyRMB'000 | 597,251 | 571,180 | PDF p. 150 |
| Less: Reserve fundRMB'000 | (67,593) | (67,552) | PDF p. 150 |
| Total capitalRMB'000 | 529,658 | 503,628 | PDF p. 150 |
| Capital and net debtRMB'000 | 567,217 | 671,268 | PDF p. 150 |
| Gearing ratioratio (as printed, no unit) | 0.07 | 0.25 | PDF p. 150 |
Original report: PDF p. 150 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Final dividend recommended for FY2025 (subject to AGM approval) | 2024Dividend for FY2024 (Nil) | Source |
|---|---|---|---|
| Dividends | |||
| Final dividend per ordinary shareRMB per share | 0.15 | Nil | PDF p. 150 |
Original report: PDF p. 150 ↗
Will be recommended at the forthcoming AGM and is subject to shareholder approval. Financial statements do not reflect this dividend; it will be accounted for in equity in the year ending 31 December 2026.
Where the money comes from
| Item / unit | 2025Zipper | 2025Trading | 2025Processing | 2025Corporate | 2025Elimination | 2025Total | 2024Zipper | 2024Trading | 2024Processing | 2024Corporate | 2024Elimination | 2024Total | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||
| Sales to external customersRMB’000 | 412,077 | 209,725 | 50,545 | – | – | 672,347 | 463,367 | 213,071 | 59,433 | – | – | 735,871 | PDF p. 136PDF p. 137 |
| Inter-segment salesRMB’000 | – | – | 50,743 | – | (50,743) | – | – | – | 35,217 | – | (35,217) | – | PDF p. 136PDF p. 137 |
| Total revenueRMB’000 | 412,077 | 209,725 | 101,288 | – | (50,743) | 672,347 | 463,367 | 213,071 | 94,650 | – | (35,217) | 735,871 | PDF p. 136PDF p. 137 |
| Results | |||||||||||||
| Segment gross profitRMB’000 | 36,908 | 5,371 | 7,227 | – | – | 49,506 | 39,362 | 5,926 | 494 | – | – | 45,782 | PDF p. 136PDF p. 137 |
| Segment resultsRMB’000 | 1,648 | 4,480 | (1,903) | 22,321 | – | 26,546 | 21,729 | 5,001 | (12,236) | (2,322) | – | 12,172 | PDF p. 136PDF p. 137 |
| Other segment information | |||||||||||||
| Depreciation and amortisationRMB’000 | (28,518) | (3) | (11,609) | (377) | – | (40,507) | (28,238) | (3) | (12,771) | (376) | – | (41,388) | PDF p. 136PDF p. 137 |
| Gain on disposal of subsidiaryRMB’000 | – | – | – | 20,206 | – | 20,206 | PDF p. 136 | ||||||
| Forfeiture of advances from customersRMB’000 | 4,736 | – | 368 | – | – | 5,104 | 2,230 | – | 783 | – | – | 3,013 | PDF p. 136PDF p. 137 |
| Change in fair value of investment propertiesRMB’000 | – | – | – | (3,060) | – | (3,060) | PDF p. 136 | ||||||
| Loss on disposal of properties, plant and equipmentRMB’000 | (710) | – | – | – | – | (710) | PDF p. 136 | ||||||
| Net provision for loss allowance for trade receivablesRMB’000 | (1,479) | – | (368) | – | – | (1,847) | PDF p. 136 | ||||||
| Net provision for loss allowance for prepaymentsRMB’000 | (773) | – | 37 | – | – | (736) | PDF p. 136 | ||||||
| Net reversal of provision for inventoriesRMB’000 | 4,222 | – | – | – | – | 4,222 | PDF p. 136 | ||||||
| Waiver of amount due to a directorRMB’000 | – | – | – | 10,539 | – | 10,539 | PDF p. 136 | ||||||
| Assets | |||||||||||||
| Total assetsRMB’000 | 619,037 | 63,395 | 91,520 | 55,792 | – | 829,744 | 637,209 | 71,638 | 129,250 | 57,883 | – | 895,980 | PDF p. 136PDF p. 137 |
| Liabilities | |||||||||||||
| Total liabilitiesRMB’000 | (155,766) | (32,196) | (33,667) | (10,129) | – | (231,758) | (230,205) | (45,039) | (37,710) | (11,337) | – | (324,291) | PDF p. 136PDF p. 137 |
| Capital expenditure | |||||||||||||
| Capital expenditureRMB’000 | 7,065 | – | 10,083 | – | – | 17,148 | 7,135 | – | 5,025 | – | – | 12,160 | PDF p. 136PDF p. 137 |
| Results | |||||||||||||
| Financial costs, netRMB’000 | (5,702) | (3,158) | 4 | 31 | – | (8,825) | PDF p. 137 | ||||||
| Other segment information | |||||||||||||
| Gain on disposal of property, plant and equipmentRMB’000 | 1,214 | – | 5,909 | – | – | 7,123 | PDF p. 137 | ||||||
| Net reversal of allowance for trade receivablesRMB’000 | 7,320 | – | 3,313 | – | – | 10,633 | PDF p. 137 | ||||||
| Net reversal of allowance for prepaymentsRMB’000 | 323 | – | 2,369 | – | – | 2,692 | PDF p. 137 | ||||||
Segment performance is evaluated based on operating profit or loss which in certain respects is measured differently from operating profit or loss in the consolidated financial statements.
Segment assets and liabilities are not disclosed as such separate financial information is not available but is evaluated regularly by the chief operating decision-maker.
Transfer prices between operating segments are on an arm’s length basis.
Some labels wrap across two lines; the original_label is the full label while the quote is the last-line fragment.
Same basis as the 2025 table (page 136 notes). Some labels wrap across two lines; quote is the last-line fragment with values.
| Item / unit | 2025Revenue | 2024Revenue | 2025Non-current assets | 2024Non-current assets | Source |
|---|---|---|---|---|---|
| Geographical information | |||||
| People’s Republic of ChinaRMB’000 | 462,622 | 522,800 | 285,353 | 336,961 | PDF p. 135 |
| Hong KongRMB’000 | 209,725 | 213,071 | 3 | 7 | PDF p. 135 |
| TotalRMB’000 | 672,347 | 735,871 | 285,356 | 336,968 | PDF p. 135 |
Revenue and non-current assets information based on geographical location of customers and assets respectively.
Non-current assets information presented above consist of property, plant and equipment, investment properties, land use rights and intangible assets as presented in the consolidated statement of financial position.
Total row has no printed label.
Debt
| Item / unit | 2025one year or less, RMB'000 | 2024one year or less, RMB'000 | Source |
|---|---|---|---|
| Financial liabilities | |||
| Loans and borrowingsRMB'000 | 113,623 | 204,575 | PDF p. 145 |
Contractual undiscounted repayment obligations; at the end of the reporting period, 100% (2024: 100%) of the Group's borrowings will mature in less than one year.
| Item / unit | 2025RMB'000 | 2024RMB'000 | Source |
|---|---|---|---|
| Bills payable to banks | |||
| Bill 1RMB'000 | 37,680 | 40,180 | PDF p. 132 |
| Bill 2RMB'000 | – | 20,000 | PDF p. 132 |
| Bill 3RMB'000 | 31,939 | 44,891 | PDF p. 132 |
| Short-term bank loans | |||
| Loan 1RMB'000 | 34,004 | 89,504 | PDF p. 132 |
| Loan 2RMB'000 | 10,000 | 10,000 | PDF p. 132 |
| Total | |||
| Total loans and borrowingsRMB'000 | 113,623 | 204,575 | PDF p. 132 |
Subtotals printed: bills payable to banks 69,619 (2025) / 105,071 (2024); short-term bank loans 44,004 / 99,504.
Bill 1 and Loan 1 secured by bank deposits of Fookhing Zipper, land use rights and buildings of Fookhing Zipper (2024: owned by Jianxin), personal guarantees from Mr. Hong Qing Liang and Ms. Shi Mei Mei, corporate guarantee from Fuxing Dress and Jinjiang Yuanda Garment Weaving Co., Ltd.
Bill 2 (2024) secured by bank deposits of Fuxing Dress, land use rights and buildings owned by Fulong, and personal guarantees; fully repaid in 2025.
Bill 3 secured by charge over property in Kowloon owned by Goldplan Corporation Limited, corporate guarantee from the Company, and personal guarantee from Mr. Hong Qing Liang.
Loan 2 secured by land use rights and buildings owned by Fookhing Zipper, personal guarantees and corporate guarantee from Fuxing Dress.
All loans and borrowings are denominated in the functional currencies of the respective entities. Short-term loans bear interest ranging from 4.30% to 5.27% (2024: 4.35% to 6.09%) and are repayable within 12 months.
100% (2024: 100%) of the Group's borrowings will mature in less than one year (page 145). No non-current borrowings or lease liability maturity table found in this scope.
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | we announced a formal dividend policy in March 2026 to distribute at least 15% of the Group’s profit attributable to shareholders. | Group; announced March 2026 | PDF p. 10 |
| Fuxing China Scrip Dividend Scheme | The Scrip Dividend Scheme, if approved, offers shareholders the choice to receive dividends either in cash or in the form of fully-paid ordinary shares in the Company. | Proposed for adoption at forthcoming AGM | PDF p. 67 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| final tax-exempt (one-tier) dividend | RMB0.15 | Final dividend proposed for FY2025, subject to shareholders' approval at forthcoming AGM | PDF p. 67 |
| 30. Dividends | Nil | FY2024 comparative final dividend per ordinary share | PDF p. 150 |
| 30. Dividends | RMB3,031,000 | Total proposed final dividend for FY2025 (2024: Nil) | PDF p. 150 |
Extracted from Fuxing China Group Limited ANNUAL REPORT 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | RT LLP | Group and Company, FY ended 31 December 2025 | PDF p. 86 |
| Engagement partner | Mr. Ravinthran Arumugam | Group and Company, FY ended 31 December 2025 | PDF p. 86 |
| Auditor's report date | 10 April 2026 | Group · As at 2026-04-10 | PDF p. 86 |
| Opinion | unmodified | Group and Company, FY ended 31 December 2025 | PDF p. 81 |
Extracted from Fuxing China Group Limited ANNUAL REPORT 2025 and checked against the cited pages; see the original report for full context.
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow Fuxing China Group Limited ANNUAL REPORT 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.