Annual Report 2026 - Yongmao Holdings Limited
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Assets – Non-Current | |||
| Property, plant and equipmentRMB’000 | 851,336 | 886,132 | PDF p. 63 |
| Intangible assetsRMB’000 | – | – | PDF p. 63 |
| SubsidiariesRMB’000 | – | – | PDF p. 63 |
| Financial assets, at FVOCIRMB’000 | 62,953 | 92,761 | PDF p. 63 |
| Trade and other receivablesRMB’000 | 60,387 | 66,530 | PDF p. 63 |
| Deferred tax assetsRMB’000 | 37,606 | 38,060 | PDF p. 63 |
| Assets – Non-Current (subtotal) | |||
| SubtotalRMB’000 | 1,012,282 | 1,083,483 | PDF p. 63 |
| Assets – Current | |||
| InventoriesRMB’000 | 393,059 | 354,551 | PDF p. 63 |
| Trade and other receivablesRMB’000 | 509,866 | 556,007 | PDF p. 63 |
| Amounts owing by subsidiariesRMB’000 | – | – | PDF p. 63 |
| Amounts owing by related partiesRMB’000 | 42,338 | 48,587 | PDF p. 63 |
| Cash and bank balancesRMB’000 | 177,788 | 205,846 | PDF p. 63 |
| Assets – Current (subtotal) | |||
| SubtotalRMB’000 | 1,123,051 | 1,164,991 | PDF p. 63 |
| Assets | |||
| Total assetsRMB’000 | 2,135,333 | 2,248,474 | PDF p. 63 |
| Equity – Capital and Reserves | |||
| Share capitalRMB’000 | 312,484 | 312,484 | PDF p. 63 |
| ReservesRMB’000 | 626,961 | 654,897 | PDF p. 63 |
| Equity | |||
| Equity attributable to equity holders of the CompanyRMB’000 | 939,445 | 967,381 | PDF p. 63 |
| Non-controlling interestsRMB’000 | 50,214 | 53,485 | PDF p. 63 |
| Total equityRMB’000 | 989,659 | 1,020,866 | PDF p. 63 |
| Liabilities – Non-Current | |||
| BorrowingsRMB’000 | 188,619 | 132,371 | PDF p. 63 |
| Deferred capital grantsRMB’000 | 8,169 | 8,398 | PDF p. 63 |
| Deferred tax liabilitiesRMB’000 | 29,937 | 27,387 | PDF p. 63 |
| Trade and other payablesRMB’000 | 7,855 | 9,061 | PDF p. 63 |
| Liabilities – Non-Current (subtotal) | |||
| SubtotalRMB’000 | 234,580 | 177,217 | PDF p. 63 |
| Liabilities – Current | |||
| Trade and other payablesRMB’000 | 530,189 | 631,032 | PDF p. 63 |
| BorrowingsRMB’000 | 309,941 | 351,032 | PDF p. 63 |
| Deferred capital grantsRMB’000 | 229 | 229 | PDF p. 63 |
| Amounts owing to subsidiariesRMB’000 | – | – | PDF p. 63 |
| Amounts owing to/advances from related partiesRMB’000 | 30,802 | 13,697 | PDF p. 63 |
| Amounts owing to corporate shareholders of subsidiariesRMB’000 | 39,700 | 43,157 | PDF p. 63 |
| Current tax payableRMB’000 | 233 | 11,244 | PDF p. 63 |
| Liabilities – Current (subtotal) | |||
| SubtotalRMB’000 | 911,094 | 1,050,391 | PDF p. 63 |
| Liabilities | |||
| Total liabilitiesRMB’000 | 1,145,674 | 1,227,608 | PDF p. 63 |
| Equity and Liabilities | |||
| Total equity and liabilitiesRMB’000 | 2,135,333 | 2,248,474 | PDF p. 63 |
Original report: PDF p. 63 ↗
Printed in RMB’000. Group columns are the last two columns of the printed statement. Note references omitted from values. The annexed notes form an integral part of and should be read in conjunction with these financial statements.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Company | 2025Company | Source |
|---|---|---|---|
| Assets – Non-Current | |||
| Property, plant and equipmentRMB’000 | – | – | PDF p. 63 |
| Intangible assetsRMB’000 | – | – | PDF p. 63 |
| SubsidiariesRMB’000 | 344,631 | 344,631 | PDF p. 63 |
| Financial assets, at FVOCIRMB’000 | 62,953 | 92,761 | PDF p. 63 |
| Trade and other receivablesRMB’000 | – | – | PDF p. 63 |
| Deferred tax assetsRMB’000 | – | – | PDF p. 63 |
| Assets – Non-Current (subtotal) | |||
| SubtotalRMB’000 | 407,584 | 437,392 | PDF p. 63 |
| Assets – Current | |||
| InventoriesRMB’000 | – | – | PDF p. 63 |
| Trade and other receivablesRMB’000 | 291 | 297 | PDF p. 63 |
| Amounts owing by subsidiariesRMB’000 | 91,880 | 108,998 | PDF p. 63 |
| Amounts owing by related partiesRMB’000 | – | – | PDF p. 63 |
| Cash and bank balancesRMB’000 | 544 | 1,026 | PDF p. 63 |
| Assets – Current (subtotal) | |||
| SubtotalRMB’000 | 92,715 | 110,321 | PDF p. 63 |
| Assets | |||
| Total assetsRMB’000 | 500,299 | 547,713 | PDF p. 63 |
| Equity – Capital and Reserves | |||
| Share capitalRMB’000 | 312,484 | 312,484 | PDF p. 63 |
| ReservesRMB’000 | 164,468 | 207,986 | PDF p. 63 |
| Equity | |||
| Equity attributable to equity holders of the CompanyRMB’000 | 476,952 | 520,470 | PDF p. 63 |
| Non-controlling interestsRMB’000 | – | – | PDF p. 63 |
| Total equityRMB’000 | 476,952 | 520,470 | PDF p. 63 |
| Liabilities – Non-Current | |||
| BorrowingsRMB’000 | – | – | PDF p. 63 |
| Deferred capital grantsRMB’000 | – | – | PDF p. 63 |
| Deferred tax liabilitiesRMB’000 | – | 165 | PDF p. 63 |
| Trade and other payablesRMB’000 | – | – | PDF p. 63 |
| Liabilities – Non-Current (subtotal) | |||
| SubtotalRMB’000 | – | 165 | PDF p. 63 |
| Liabilities – Current | |||
| Trade and other payablesRMB’000 | 1,642 | 3,089 | PDF p. 63 |
| BorrowingsRMB’000 | 20,717 | 23,889 | PDF p. 63 |
| Deferred capital grantsRMB’000 | – | – | PDF p. 63 |
| Amounts owing to subsidiariesRMB’000 | 825 | – | PDF p. 63 |
| Amounts owing to/advances from related partiesRMB’000 | – | – | PDF p. 63 |
| Amounts owing to corporate shareholders of subsidiariesRMB’000 | – | – | PDF p. 63 |
| Current tax payableRMB’000 | 163 | 100 | PDF p. 63 |
| Liabilities – Current (subtotal) | |||
| SubtotalRMB’000 | 23,347 | 27,078 | PDF p. 63 |
| Liabilities | |||
| Total liabilitiesRMB’000 | 23,347 | 27,243 | PDF p. 63 |
| Equity and Liabilities | |||
| Total equity and liabilitiesRMB’000 | 500,299 | 547,713 | PDF p. 63 |
Original report: PDF p. 63 ↗
Printed in RMB’000. Company columns are the first two value columns of the printed statement.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Profit or loss | |||
| RevenueRMB’000 | 763,525 | 880,296 | PDF p. 64 |
| Cost of salesRMB’000 | (537,822) | (626,924) | PDF p. 64 |
| Gross profitRMB’000 | 225,703 | 253,372 | PDF p. 64 |
| Other incomeRMB’000 | 7,062 | 8,763 | PDF p. 64 |
| Gain on disposal of interest in subsidiaryRMB’000 | – | 4,157 | PDF p. 64 |
| Allowance for expected credit loss, netRMB’000 | (1,580) | (9,763) | PDF p. 64 |
| Distribution costsRMB’000 | (103,160) | (109,231) | PDF p. 64 |
| Administrative expensesRMB’000 | (78,926) | (90,193) | PDF p. 64 |
| Other operating expensesRMB’000 | (14,820) | (5,603) | PDF p. 64 |
| Finance costsRMB’000 | (23,037) | (21,780) | PDF p. 64 |
| Profit before taxationRMB’000 | 11,242 | 29,722 | PDF p. 64 |
| TaxationRMB’000 | 1,344 | 5,430 | PDF p. 64 |
| Profit for the yearRMB’000 | 12,586 | 35,152 | PDF p. 64 |
| Other comprehensive income – items that may be reclassified | |||
| - foreign operationsRMB’000 | (6,012) | 1,981 | PDF p. 64 |
| Other comprehensive income – items that may be reclassified (subtotal) | |||
| SubtotalRMB’000 | (6,012) | 1,981 | PDF p. 64 |
| Other comprehensive income – items that will not be reclassified | |||
| Fair value (loss)/gain on financial assets, FVOCIRMB’000 | (29,808) | 9,336 | PDF p. 64 |
| Other comprehensive income – items that will not be reclassified (Exchange translation difference) | |||
| - foreign operationsRMB’000 | (3,026) | 624 | PDF p. 64 |
| Other comprehensive income – items that will not be reclassified (subtotal) | |||
| SubtotalRMB’000 | (32,834) | 9,960 | PDF p. 64 |
| Other comprehensive income | |||
| Total other comprehensive (loss)/income after taxRMB’000 | (38,846) | 11,941 | PDF p. 64 |
| Total comprehensive income | |||
| Total comprehensive (loss)/income for the year, net of taxRMB’000 | (26,260) | 47,093 | PDF p. 64 |
| Profit/(loss) attributable to | |||
| Equity holders of the CompanyRMB’000 | 12,831 | 33,221 | PDF p. 64 |
| Non-controlling interestsRMB’000 | (245) | 1,931 | PDF p. 64 |
| Profit/(loss) attributable to (subtotal) | |||
| SubtotalRMB’000 | 12,586 | 35,152 | PDF p. 64 |
| Total comprehensive (loss)/income attributable to | |||
| Equity holders of the CompanyRMB’000 | (22,989) | 44,538 | PDF p. 64 |
| Non-controlling interestsRMB’000 | (3,271) | 2,555 | PDF p. 64 |
| Total comprehensive (loss)/income attributable to (subtotal) | |||
| SubtotalRMB’000 | (26,260) | 47,093 | PDF p. 64 |
| Earnings per share | |||
| - basicRMB cents | 14.5 | 37.4 | PDF p. 64 |
| - dilutedRMB cents | 14.5 | 37.4 | PDF p. 64 |
Original report: PDF p. 64 ↗
Printed in RMB’000 except earnings per share in RMB cents. Only a consolidated (Group) statement is printed; no separate Company income statement was found.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, FY ended 31 March 2026, RMB'000 | 2025Group, FY ended 31 March 2025, RMB'000 | Source |
|---|---|---|---|
| Profit | |||
| Profit for the yearRMB'000 | 12,586 | 35,152 | PDF p. 64 |
| Items that may be reclassified subsequently to profit or loss | |||
| Exchange translation difference - foreign operationsRMB'000 | (6,012) | 1,981 | PDF p. 64 |
| Items that will not be reclassified subsequently to profit or loss | |||
| Fair value (loss)/gain on financial assets, FVOCIRMB'000 | (29,808) | 9,336 | PDF p. 64 |
| Exchange translation difference - foreign operations (not reclassified)RMB'000 | (3,026) | 624 | PDF p. 64 |
| Other comprehensive income | |||
| Total other comprehensive (loss)/income after taxRMB'000 | (38,846) | 11,941 | PDF p. 64 |
| Total comprehensive income | |||
| Total comprehensive (loss)/income for the year, net of taxRMB'000 | (26,260) | 47,093 | PDF p. 64 |
| Profit/(loss) attributable to | |||
| Equity holders of the Company (profit attributable)RMB'000 | 12,831 | 33,221 | PDF p. 64 |
| Non-controlling interests (profit attributable)RMB'000 | (245) | 1,931 | PDF p. 64 |
| Total comprehensive (loss)/income attributable to | |||
| Equity holders of the Company (total comprehensive income attributable)RMB'000 | (22,989) | 44,538 | PDF p. 64 |
| Non-controlling interests (total comprehensive income attributable)RMB'000 | (3,271) | 2,555 | PDF p. 64 |
Original report: PDF p. 64 ↗
Only the OCI/attribution rows are listed; the income statement lines above profit for the year were not requested in this stage. Attribution subtotal rows (12,586 / 35,152 and (26,260) / 47,093) are unlabeled in print. No separate Company statement of comprehensive income is presented.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Share capital, RMB'000 | 2026Merger reserve, RMB'000 | 2026Statutory reserve, RMB'000 | 2026Fair value reserve, RMB'000 | 2026Retained earnings, RMB'000 | 2026Exchange fluctuation reserve, RMB'000 | 2026Total attributable to equity holders of the Company, RMB'000 | 2026Non-controlling interests, RMB'000 | 2026Total equity, RMB'000 | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| FY2025 movements | ||||||||||
| Balance as at 1 April 2024RMB'000 | 312,484 | (26,769) | 92,357 | 4,750 | 524,814 | 19,976 | 927,612 | 58,766 | 986,378 | PDF p. 65 |
| Profit for the yearRMB'000 | – | – | – | – | 33,221 | – | 33,221 | 1,931 | 35,152 | PDF p. 65 |
| Other comprehensive income for the yearRMB'000 | – | – | – | 9,336 | – | 1,981 | 11,317 | 624 | 11,941 | PDF p. 65 |
| Total comprehensive income for the yearRMB'000 | – | – | – | 9,336 | 33,221 | 1,981 | 44,538 | 2,555 | 47,093 | PDF p. 65 |
| Dividend paidRMB'000 | – | – | – | – | (4,769) | – | (4,769) | (16,662) | (21,431) | PDF p. 65 |
| Investment of subsidiary with non- controlling interestRMB'000 | – | – | – | – | – | – | – | 7,542 | 7,542 | PDF p. 65 |
| Disposal of subsidiary with non-controlling interestRMB'000 | – | – | – | – | – | – | – | 1,284 | 1,284 | PDF p. 65 |
| Total transaction with owners, recognised directly to equityRMB'000 | – | – | – | – | (4,769) | – | (4,769) | (7,836) | (12,605) | PDF p. 65 |
| Transfer to statutory reserveRMB'000 | – | – | 3,514 | – | (3,514) | – | – | – | – | PDF p. 65 |
| FY2025 closing / FY2026 opening | ||||||||||
| Balance as at 31 March 2025RMB'000 | 312,484 | (26,769) | 95,871 | 14,086 | 549,752 | 21,957 | 967,381 | 53,485 | 1,020,866 | PDF p. 65 |
| FY2026 movements | ||||||||||
| Profit for the yearRMB'000 | – | – | – | – | 12,831 | – | 12,831 | (245) | 12,586 | PDF p. 65 |
| Other comprehensive (loss)/income for the yearRMB'000 | – | – | – | (29,808) | – | (6,012) | (35,820) | (3,026) | (38,846) | PDF p. 65 |
| Total comprehensive (loss)/income for the yearRMB'000 | – | – | – | (29,808) | 12,831 | (6,012) | (22,989) | (3,271) | (26,260) | PDF p. 65 |
| Dividend paidRMB'000 | – | – | – | – | (4,947) | – | (4,947) | – | (4,947) | PDF p. 65 |
| Total transaction with owners, recognised directly to equityRMB'000 | – | – | – | – | (4,947) | – | (4,947) | – | (4,947) | PDF p. 65 |
| Transfer to statutory reserveRMB'000 | – | – | 1,372 | – | (1,372) | – | – | – | – | PDF p. 65 |
| FY2026 closing | ||||||||||
| Balance as at 31 March 2026RMB'000 | 312,484 | (26,769) | 97,243 | (15,722) | 556,264 | 15,945 | 939,445 | 50,214 | 989,659 | PDF p. 65 |
Original report: PDF p. 65 ↗
Column year labels are all 2026 as a placeholder-free reporting year; the row section states which year's movement applies (FY ended 31 March 2025 or 2026). Table is rotated on the page; some labels wrap across lines. Non-controlling interests are a column of this statement. Multi-line labels are shown joined; quotes are the single-line fragments carrying the numbers.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, FY ended 31 March 2026, RMB'000 | 2025Group, FY ended 31 March 2025, RMB'000 | Source |
|---|---|---|---|
| Operating Activities | |||
| Profit before taxationRMB'000 | 11,242 | 29,722 | PDF p. 66 |
| Operating Activities - Adjustments | |||
| Amortisation of deferred capital grantsRMB'000 | (229) | (229) | PDF p. 66 |
| Depreciation of property, plant and equipmentRMB'000 | 113,878 | 104,262 | PDF p. 66 |
| Gain on disposal of interest in a subsidiaryRMB'000 | – | (4,157) | PDF p. 66 |
| Gain on settlement of debtRMB'000 | – | (117) | PDF p. 66 |
| Loss/(Gain) on disposal of property, plant and equipment, netRMB'000 | 94 | (577) | PDF p. 66 |
| Property, plant and equipment written offRMB'000 | 410 | 1,077 | PDF p. 66 |
| Allowance for expected credit loss, netRMB'000 | 1,580 | 9,763 | PDF p. 66 |
| Bad debts written off after disposal of subsidiary (Note A)RMB'000 | – | 5,521 | PDF p. 66 |
| Reversal of allowance obsolete and slow-moving inventories, netRMB'000 | (434) | (873) | PDF p. 66 |
| Reversal of over-accrual of housing fund contributionRMB'000 | (1,862) | (1,619) | PDF p. 66 |
| (Reversal of provision)/Provision for assurance warrantyRMB'000 | (245) | 556 | PDF p. 66 |
| Interest expenseRMB'000 | 23,037 | 21,780 | PDF p. 66 |
| Interest incomeRMB'000 | (1,798) | (3,115) | PDF p. 66 |
| Operating Activities | |||
| Operating profit before working capital changesRMB'000 | 145,673 | 161,994 | PDF p. 66 |
| Increase in inventories (Note B)RMB'000 | (114,777) | (110,714) | PDF p. 66 |
| Decrease/(Increase) in operating receivablesRMB'000 | 57,446 | (42,108) | PDF p. 66 |
| Decrease in operating payablesRMB'000 | (73,144) | (33,894) | PDF p. 66 |
| Cash generated from/(used in) operationsRMB'000 | 15,198 | (24,722) | PDF p. 66 |
| Interest paidRMB'000 | (23,399) | (21,498) | PDF p. 66 |
| Tax paidRMB'000 | (16,325) | (14,539) | PDF p. 66 |
| Net cash used in operating activitiesRMB'000 | (24,526) | (60,759) | PDF p. 66 |
| Investing Activities | |||
| Acquisition of property, plant and equipment (Note C)RMB'000 | (20,971) | (24,473) | PDF p. 66 |
| Cash outflow from disposal of subsidiaryRMB'000 | – | (79) | PDF p. 66 |
| Proceeds from disposal of property, plant and equipmentRMB'000 | 39 | 577 | PDF p. 66 |
| Interest receivedRMB'000 | 1,821 | 3,134 | PDF p. 66 |
| Net cash used in investing activitiesRMB'000 | (19,111) | (20,841) | PDF p. 66 |
| Financing Activities | |||
| Proceeds from loans and borrowingsRMB'000 | 425,976 | 447,858 | PDF p. 67 |
| Proceeds from hire purchase with financial institutionsRMB'000 | 53,589 | 41,836 | PDF p. 67 |
| Proceeds from lease liabilitiesRMB'000 | – | 1,514 | PDF p. 67 |
| Repayment of loans and borrowingsRMB'000 | (414,026) | (347,131) | PDF p. 67 |
| Repayment of hire purchase with financial institutionsRMB'000 | (40,698) | (33,472) | PDF p. 67 |
| Repayment of principal portion of lease liabilitiesRMB'000 | (4,623) | (3,318) | PDF p. 67 |
| Advances from/Repayment to related parties, netRMB'000 | 3,300 | 1,396 | PDF p. 67 |
| Loan from shareholders of subsidiariesRMB'000 | – | 16,671 | PDF p. 67 |
| Decrease/(Increase) of restricted bank balancesRMB'000 | 48,500 | (40,000) | PDF p. 67 |
| Capital injection by shareholder of a subsidiaryRMB'000 | – | 7,542 | PDF p. 67 |
| Dividends paid to non-controlling interestsRMB'000 | – | (16,662) | PDF p. 67 |
| Dividends paid to equity holders of the CompanyRMB'000 | (4,947) | (4,769) | PDF p. 67 |
| Net cash generated from financing activitiesRMB'000 | 67,071 | 71,465 | PDF p. 67 |
| Net change in cash | |||
| Net Increase/(decrease) in cash and cash equivalentsRMB'000 | 23,434 | (10,135) | PDF p. 67 |
| Cash and cash equivalents as at beginning of yearRMB'000 | 155,846 | 164,577 | PDF p. 67 |
| Exchange differences on translation of cash and cash equivalents as at beginning of yearRMB'000 | (2,992) | 1,404 | PDF p. 67 |
| Cash and cash equivalents as at end of yearRMB'000 | 176,288 | 155,846 | PDF p. 67 |
Original report: PDF p. 66 ↗ PDF p. 67 ↗
Note A: Included in the amount, RMB5,415,000 of operating loans advanced to a since-disposed subsidiary was written off.
Note B: Included in increase in inventories were tower cranes and tower crane components and accessories that were self-constructed amounting to RMB151,829,000 (2025 - RMB226,311,000) (Note 4) which were held for rental purposes and have been presented under operating activities in accordance with SFRS(I) 1-7 Statement of Cash Flows.
Note C: Acquisition of PPE aggregate cost RMB21,992,000 (2025 – RMB24,589,000), right-of-use asset additions RMB Nil (2025 – RMB80,569,000); outstanding RMB121,000 (2025 - RMB96,000) and down-payments RMB3,000 (2025 - RMB3,000); trade receivable RMB996,000 (2025 – RMB Nil) settled by PPE; cash payment RMB20,971,000 (2025 – RMB24,473,000).
Note D (page 68): reconciliation of liabilities arising from financing activities not tabulated here.
Where the money comes from
| Item / unit | 2026The Group | 2025The Group | Source |
|---|---|---|---|
| Assets | |||
| Total reportable segment assetsRMB'000 | 2,068,233 | 2,192,442 | PDF p. 137 |
| Deferred tax assetsRMB'000 | 37,606 | 38,060 | PDF p. 137 |
| GST or VAT receivablesRMB'000 | 18,997 | 17,972 | PDF p. 137 |
| Tax recoverableRMB'000 | 10,497 | – | PDF p. 137 |
| Consolidated total assetsRMB'000 | 2,135,333 | 2,248,474 | PDF p. 137 |
| Liabilities | |||
| Total reportable segment liabilitiesRMB'000 | 1,115,504 | 1,188,977 | PDF p. 137 |
| Deferred tax liabilitiesRMB'000 | 29,937 | 27,387 | PDF p. 137 |
| Current tax payableRMB'000 | 233 | 11,244 | PDF p. 137 |
| Consolidated total liabilitiesRMB'000 | 1,145,674 | 1,227,608 | PDF p. 137 |
| Item / unit | 2026The PRC | 2026Hong Kong and Macau | 2026Singapore | 2026Corporate functions | 2026Total | Source |
|---|---|---|---|---|---|---|
| Sales | ||||||
| Total segment salesRMB'000 | 868,231 | 183,516 | 186,778 | – | 1,238,525 | PDF p. 135 |
| Inter-segment salesRMB'000 | (426,699) | (41,532) | (6,769) | – | (475,000) | PDF p. 135 |
| Sales to external partiesRMB'000 | 441,532 | 141,984 | 180,009 | – | 763,525 | PDF p. 135 |
| Sales - Comprises | ||||||
| Sale of manufactured tower cranes and tower crane components and accessoriesRMB'000 | 338,568 | 3,942 | 147,704 | – | 490,214 | PDF p. 135 |
| Rental and service incomeRMB'000 | 102,964 | 138,042 | 32,305 | – | 273,311 | PDF p. 135 |
| Results | ||||||
| Interest incomeRMB'000 | 331 | 8 | 1,459 | – | 1,798 | PDF p. 135 |
| Depreciation expenseRMB'000 | 68,699 | 35,268 | 9,911 | – | 113,878 | PDF p. 135 |
| Interest expenseRMB'000 | 16,958 | 4,557 | 562 | 960 | 23,037 | PDF p. 135 |
| (Reversal of allowance)/Allowance for expected credit loss, netRMB'000 | (4,026) | 5,606 | – | – | 1,580 | PDF p. 135 |
| Reportable segment profit before taxationRMB'000 | 1,071 | (1,881) | 21,029 | (8,977) | 11,242 | PDF p. 135 |
| Other segment information | ||||||
| Reportable segment assetsRMB'000 | 1,444,858 | 330,041 | 229,561 | 63,773 | 2,068,233 | PDF p. 135 |
| Additions to property, plant and equipmentRMB'000 | 10,216 | 11,769 | 7 | – | 21,992 | PDF p. 135 |
| Reportable segment liabilitiesRMB'000 | 812,828 | 128,558 | 151,775 | 22,343 | 1,115,504 | PDF p. 135 |
Segment profit measured as profit before taxation. Sales between segments are carried out at market terms.
| Item / unit | 2025The PRC | 2025Hong Kong and Macau | 2025Singapore | 2025Corporate functions | 2025Total | Source |
|---|---|---|---|---|---|---|
| Sales | ||||||
| Total segment salesRMB'000 | 925,572 | 263,943 | 178,109 | – | 1,367,624 | PDF p. 136 |
| Inter-segment salesRMB'000 | (429,391) | (55,762) | (2,175) | – | (487,328) | PDF p. 136 |
| Sales to external partiesRMB'000 | 496,181 | 208,181 | 175,934 | – | 880,296 | PDF p. 136 |
| Sales - Comprises | ||||||
| Sale of manufactured tower cranes and tower crane components and accessoriesRMB'000 | 405,635 | 65,982 | 138,829 | – | 610,446 | PDF p. 136 |
| Rental and service incomeRMB'000 | 90,546 | 142,199 | 37,105 | – | 269,850 | PDF p. 136 |
| Results | ||||||
| Interest incomeRMB'000 | 293 | 260 | 2,562 | – | 3,115 | PDF p. 136 |
| Depreciation expenseRMB'000 | 58,206 | 33,964 | 12,092 | – | 104,262 | PDF p. 136 |
| Interest expenseRMB'000 | 14,059 | 6,472 | 698 | 551 | 21,780 | PDF p. 136 |
| Allowance for expected credit loss, netRMB'000 | 3,141 | 6,622 | – | – | 9,763 | PDF p. 136 |
| Bad debts written off (non-trade)RMB'000 | – | 5,521 | – | – | 5,521 | PDF p. 136 |
| Reportable segment profit before taxationRMB'000 | 11,699 | 16,789 | 5,992 | (4,758) | 29,722 | PDF p. 136 |
| Other segment information | ||||||
| Reportable segment assetsRMB'000 | 1,480,128 | 361,724 | 256,505 | 94,085 | 2,192,442 | PDF p. 136 |
| Additions to property, plant and equipmentRMB'000 | 3,264 | 99,213 | 2,681 | – | 105,158 | PDF p. 136 |
| Reportable segment liabilitiesRMB'000 | 813,661 | 159,391 | 188,947 | 26,978 | 1,188,977 | PDF p. 136 |
Sales between segments are carried out at market terms. The revenue from external parties reported to the Group’s chief operating decision-maker is measured in a manner consistent with that in the consolidated statement of profit or loss and other comprehensive income.
| Item / unit | 2026The Group | 2025The Group | Source |
|---|---|---|---|
| Revenue by customer location | |||
| The PRCRMB'000 | 347,611 | 382,800 | PDF p. 137 |
| Asia (outside of the PRC)RMB'000 | 279,433 | 322,852 | PDF p. 137 |
| Middle East and othersRMB'000 | 94,134 | 122,296 | PDF p. 137 |
| United States of America and EuropeRMB'000 | 42,347 | 52,348 | PDF p. 137 |
| Total revenue (unlabelled total line)RMB'000 | 763,525 | 880,296 | PDF p. 137 |
The total row has no printed label.
| Item / unit | 2026The Group | 2025The Group | Source |
|---|---|---|---|
| Non-current assets | |||
| The PRCRMB'000 | 573,419 | 579,943 | PDF p. 137 |
| Hong Kong and MacauRMB'000 | 208,891 | 230,284 | PDF p. 137 |
| OthersRMB'000 | 69,026 | 75,905 | PDF p. 137 |
| Total non-current assets (unlabelled total line)RMB'000 | 851,336 | 886,132 | PDF p. 137 |
Non-current assets exclude financial instruments and deferred tax assets. The total row has no printed label.
Debt
| Item / unit | 2026The Group carrying amount, RMB'000 | 2026The Group contractual cash flows, RMB'000 | 2025The Group carrying amount, RMB'000 | 2025The Group contractual cash flows, RMB'000 | Source |
|---|---|---|---|---|---|
| Variable interest rate loans | |||||
| Less than one yearRMB'000 | 255,559 | 258,542 | 272,691 | 277,840 | PDF p. 109 |
| Between one to five yearsRMB'000 | 85,438 | 91,754 | 53,250 | 58,532 | PDF p. 109 |
Based on contractual undiscounted cash flows.
| Item / unit | 2026The Group carrying amount, RMB'000 | 2026The Group contractual cash flows, RMB'000 | 2025The Group carrying amount, RMB'000 | 2025The Group contractual cash flows, RMB'000 | Source |
|---|---|---|---|---|---|
| Variable interest rate | |||||
| Less than one yearRMB'000 | 29,131 | 31,884 | 49,510 | 52,019 | PDF p. 109 |
| Between one to five yearsRMB'000 | 36,170 | 38,684 | 3,337 | 3,440 | PDF p. 109 |
All hire purchase facilities granted by financial institutions to subsidiaries are secured by the underlying assets Note 4(a) and corporate guarantees provided by the Company. The hire purchase liabilities have an average effective interest rate ranges from 5.3% - 7.3% (2025 – 4.5% - 7.9%) per annum.
| Item / unit | 2026RMB'000 | 2025RMB'000 | Source |
|---|---|---|---|
| Minimum lease payments payable | |||
| Due not later than one yearRMB'000 | 8,307 | 9,213 | PDF p. 110 |
| Due later than one year and not later than five yearsRMB'000 | 39,249 | 39,439 | PDF p. 110 |
| Due later than five yearsRMB'000 | 43,433 | 56,931 | PDF p. 110 |
| Less: Interest expenses allocated to future periodsRMB'000 | (19,444) | (24,857) | PDF p. 110 |
| Present value of minimum lease paymentsRMB'000 | 71,545 | 80,726 | PDF p. 110 |
| Item / unit | 2026at 31 March 2026, Less than 1 year, RMB'000 | 2026at 31 March 2026, Between 1 and 5 years, RMB'000 | 2026at 31 March 2026, Over 5 years, RMB'000 | 2026at 31 March 2026, Total, RMB'000 | Source |
|---|---|---|---|---|---|
| At 31 March 2026 | |||||
| BorrowingsRMB'000 | 319,633 | 169,688 | 43,433 | 532,754 | PDF p. 133 |
Table analyses the maturity profile of the financial liabilities based on contractual undiscounted cash flows.
| Item / unit | 2025at 31 March 2025, Less than 1 year, RMB'000 | 2025at 31 March 2025, Between 1 and 5 years, RMB'000 | 2025at 31 March 2025, Over 5 years, RMB'000 | 2025at 31 March 2025, Total, RMB'000 | Source |
|---|---|---|---|---|---|
| At 31 March 2025 | |||||
| BorrowingsRMB'000 | 363,211 | 101,411 | 56,931 | 521,553 | PDF p. 133 |
| Item / unit | 2026at 31 March 2026, Less than 1 year, RMB'000 | 2026at 31 March 2026, Between 1 and 5 years, RMB'000 | 2026at 31 March 2026, Over 5 years, RMB'000 | 2026at 31 March 2026, Total, RMB'000 | Source |
|---|---|---|---|---|---|
| At 31 March 2026 | |||||
| BorrowingsRMB'000 | 20,903 | – | – | 20,903 | PDF p. 134 |
Comparative at 31 March 2025 Company borrowings: 24,141 / – / – / 24,141 (Less than 1 year / 1-5 years / Over 5 years / Total).
| Item / unit | 2025at 31 March 2025, Less than 1 year, RMB'000 | 2025at 31 March 2025, Between 1 and 5 years, RMB'000 | 2025at 31 March 2025, Over 5 years, RMB'000 | 2025at 31 March 2025, Total, RMB'000 | Source |
|---|---|---|---|---|---|
| At 31 March 2025 | |||||
| BorrowingsRMB'000 | 24,141 | – | – | 24,141 | PDF p. 134 |
| Item / unit | 2026The Company, RMB'000 | 2025The Company, RMB'000 | 2026The Group, RMB'000 | 2025The Group, RMB'000 | Source |
|---|---|---|---|---|---|
| Non-current | |||||
| Bank LoanRMB'000 | – | – | 85,438 | 53,250 | PDF p. 108 |
| Hire purchase with financial institutionsRMB'000 | – | – | 36,170 | 3,337 | PDF p. 108 |
| Lease liabilitiesRMB'000 | – | – | 67,011 | 75,784 | PDF p. 108 |
| Current | |||||
| Bank loansRMB'000 | – | – | 255,559 | 272,691 | PDF p. 108 |
| Hire purchase with financial institutionsRMB'000 | – | – | 29,131 | 49,510 | PDF p. 108 |
| Lease liabilitiesRMB'000 | – | – | 4,534 | 4,942 | PDF p. 108 |
| Short term securities loanRMB'000 | 20,717 | 23,889 | 20,717 | 23,889 | PDF p. 108 |
The carrying amounts of current and non-current portion of the borrowings approximate their fair value.
As at the end of the reporting period, the Group has unutilised bank loans and hire purchase facilities of RMB54,260,000 (2025 – RMB67,063,000). Bank loan facilities which expire within one year from the reporting date are subject to annual review.
The non-current bank loan of the Group amounting to RMB85,438,000 as at 31 March 2026 will mature over the period from April 2027 to March 2029.
Lease liability is presented within borrowings in the statements of financial position.
| Item / unit | 2026RMB'000 | 2025RMB'000 | Source |
|---|---|---|---|
| Bank loans | |||
| - securedRMB'000 | 1,000 | 33,011 | PDF p. 108 |
| - unsecuredRMB'000 | 339,997 | 292,930 | PDF p. 108 |
Bank loans of the Group are secured by way of certain bank deposits (Note 13) and property, plant and equipment Note 4(a).
Unsecured bank loans facilities are guaranteed by the Company, a fellow subsidiary and certain directors of the Company.
The average effective interest rate of the bank loans is 4.5% (2025 - 4.8%) per annum. Interest is repriced on monthly and yearly basis.
Certain loans were subject to the fulfilment of certain financial covenants of the Group. As at 31 March 2026, the Group was in compliance with these financial covenants.
| Item / unit | 2026RMB'000 | 2025RMB'000 | Source |
|---|---|---|---|
| Movements | |||
| Balance as at end of the yearRMB'000 | 71,545 | 80,726 | PDF p. 110 |
| Presented as | |||
| CurrentRMB'000 | 4,534 | 4,942 | PDF p. 110 |
| Non-currentRMB'000 | 67,011 | 75,784 | PDF p. 110 |
The lease liabilities have an average effective interest rate ranges from 5.1% - 6.9% (2025 – 3.2% - 6.0%) per annum.
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend Policy | The Company does not have a fixed dividend policy. The form, frequency and amount of dividend paid will depend on the Company’s earnings, general financial condition, results of operations, capital requirements, cash flow, general business condition, development plans and other factors as the Directors may deem appropriate. | Company | PDF p. 45 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| final tax exempt (one-tier) dividend | 1.0 Singapore cent per share | Proposed final dividend for FY ended 31 March 2026, per ordinary share | PDF p. 147 |
| special tax exempt (one-tier) dividend | 1.0 Singapore cent per share | Proposed special dividend for FY ended 31 March 2026, per ordinary share | PDF p. 147 |
| Share Transfer Books and Register of Members closed | 21 August 2026 | Proposed FY2026 final and special dividends · As at 2026-08-21 | PDF p. 147 |
| proposed payment of the dividend | 4 September 2026 | Proposed FY2026 final and special dividends · As at 2026-09-04 | PDF p. 147 |
| total of RMB9,502,000 (SGD1,775,000) | RMB9,502,000 (SGD1,775,000) | Proposed FY2026 final and special dividends, Group | PDF p. 123 |
| Final one-tier tax exempt dividends paid in respect of the previous financial year of S$0.01 (2025 - S$0.01) per share | S$0.01 | Final one-tier tax exempt dividend in respect of previous financial year, paid during FY2026 (comparative: 2025 - S$0.01); Group; paid RMB4,947,000 (2026) vs RMB4,769,000 (2025) | PDF p. 123 |
Extracted from Annual Report 2026 - Yongmao Holdings Limited and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | PKF-CAP LLP | Group | PDF p. 62 |
| Engagement partner | Ang Kok Keong | Group | PDF p. 62 |
| Opinion | In our opinion, the accompanying consolidated financial statements of the Group and the statement of financial position of the Company are properly drawn up | Group and Company | PDF p. 58 |
Extracted from Annual Report 2026 - Yongmao Holdings Limited 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 Annual Report 2026 - Yongmao Holdings Limited, 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.