Goldpac Group Limited and its subsidiaries ("Goldpac" or the "Group", stock code: 03315.HK), today announced the interim results for the period ended 30 June 2026.
Embracing Renewal, Breaking Grounds
In the first half of 2026, the Group recorded a revenue of RMB418.4 million, representing a year-on-year decrease of 8.6%, and the Group recorded a net loss of RMB14.6 million for the first time since its establishment. Whilst this reflects the downturn of macroeconomic situation, it is also the necessary path to a new cycle of growth.
Due to the declining sales prices and rising prices of raw materials such as chips, the Group's gross profit for the period was RMB92.7 million, and gross profit margin was 22.2%.
From the perspective of market distribution, due to the slowdown in the growth rate of total social consumption and a general decline in retail loans of banks driven by the continued contraction in consumer credit, the revenue from the Chinese mainland market decreased by 10.9% year-on-year. The non-Chinese mainland market continued to grow with revenue increasing by 7.7% year-on-year, and its share in the Group's total revenue further rose, demonstrating the effectiveness of the Group's geographical diversification strategy.
As for business segments, benefitting from the continuous growth in demand for mobile communications and the Internet of Things, as well as the further enhancement of the competitiveness of digital identity authentication products, the Group's telecommunications business achieving a significant growth. Driven by this growth, the Group's embedded software and secure payment products business segment realised a slightly increase in revenue.
The Group maintained a healthy financial position with sufficient available funds and no interest-bearing debt, and the current ratio and gearing ratio remained at leading levels within the industry, supporting its long-term development and transformation initiatives.
Pursuing Enduring Excellence, Focusing on Digital Ecosystem, and Starting a New Growth Cycle
Focused on the "digital first" strategy, the Group is undergoing a comprehensive transformation to a leader in secure payment and digital ecosystems. The Group is centred on identity verification, secure connectivity and digital payments, and guided by a security and encryption approach that integrates the physical and virtual worlds through a tokenised physical-to-digital transformation, to build a digital security services system that serves broader scenarios and more diverse clients.
In the field of mobile communication, the Group extended security and encryption technologies into the digital payments sector, and developed a seamless closed-loop solution integrating online and offline operations. Its client base has grown beyond banks to participants across the global ecosystem, such as card organisations, digital wallet providers, telecommunications equipment and smart wearable device manufacturers and the Internet of Vehicles, further broadening the scope of its businesses.
The UMV platform, driven by a digitalisation and a platform-based operating model, has become a global benchmark for secure payment product operations. The platform has digitalised the entire operating process, and performed well in efficiency improvement and security compliance, receiving industry-wide recognition. In the first half of 2026, the UMV platform has served thousands of registered accounts worldwide. Through continuous technological iteration and scaled client connectivity, it strengthens client loyalty and market barriers, enhancing the Group's differentiated competitive advantages.
Geographical diversification remains a key engine of future growth. Over the past few years, the Group has actively pursued opportunities in emerging markets. In the first half of 2026, the Group has achieved a further development in the Central and South American region. At the same time, Eurasian and other markets remained stable growth with increasing business scale and client loyalty.
Looking ahead, the Group will leverage the UMV platform's first-mover advantage to further diversify its business portfolio and expand its geographical footprint. Supported by a healthy financial structure and established broad and high-quality client base, as well as decades of accumulation of security technologies, the Group is confident in its ability to maintain operational resilience amid cyclical industry fluctuations to deliver solid operating results in return for the trust of its clients and shareholders.