ZALL SMARTCOM released its interim results, with shareholders' profit attributable to them reaching HKD 97.051 million, an increase of 94.82% year-on-year

According to the Zhitong Finance APP, ZALL SMARTCOM (02098) announced its performance for the six months ending June 30, 2025. During this period, the group achieved revenue of RMB 90.921 billion, an increase of 33.17% year-on-year; the profit attributable to equity shareholders was RMB 97.051 million, an increase of 94.82% year-on-year; basic earnings per share were 0.78 cents. The announcement stated that the increase in revenue was mainly due to the growth in supply chain management and trade business revenue. The group's core project, Hankou North International Trade City (Hankou North), has now formed a cluster of 30 large comprehensive professional markets, including brand clothing, small commodities, hotel supplies, and used cars. It has built themed commercial districts such as Hankou Town, International Town, Wuhan 1980, Carnival Theme Park, and Coffee Street, as well as specialty trade towns like Flower Town, Flavor Town, and Luxury Car Town, along with modern supply chain projects like New Cloth Wharf, Fisherman's Wharf, and Spicy Exchange, accelerating the creation of a "China's largest, world's leading" supply chain management center and commercial logistics platform. In the first half of 2025, Hankou North focused on the continuous upgrading of the commodity market, vigorously developing a new model that integrates "industrial integration + experiential consumption + trade digitization + supply chain services + new foreign trade formats," deeply promoting the integration of digital and physical, cultural and commercial tourism, and exhibition and trade, and deeply connecting with the source industrial chain and terminal consumption chain, opening up new paths for modernizing commercial circulation, and building a national important commodity supply chain integration base and a core hub for the dual circulation strategy. The Hubei Provincial Government's 2025 work report proposed "to successfully hold major open activities such as the Hankou Trade Fair," while the Wuhan Municipal Government's 2025 work report proposed "to build an integrated base for domestic and foreign trade in Hankou North." Hankou North was awarded the titles of "2024 National Commodity Trading Market Digital Intelligence Development Demonstration Market" and "2024 National Commodity Trading Market Logistics Supply Chain Innovation Demonstration Market" at the 2025 China Commodity Trading Market Conference. The group's large agricultural product B2B trading platform, Shenzhen Zhongnong Network Co., Ltd. (Zhongnong Network), adheres to a "customer-centric" approach, focusing on improving quality and efficiency in its main business and driving digital innovation. It actively promotes strategic resource layout and customer structure optimization, achieving operating revenue of RMB 24.5 billion during the reporting period. In the first half of 2025, the global sugar market showed a "rise followed by a fall" trend. At the beginning of the year, due to production cuts in major producing countries like India and Thailand, international sugar prices rose rapidly; starting in April, with the release of 60% of global export capacity from Brazil, the supply tightness was effectively alleviated, leading to a continuous decline in sugar prices. Thanks to the recovery in domestic sugar production and a year-on-year decrease in sugar imports, the decline in domestic sugar prices narrowed to within 3%. In the face of an increasingly volatile external market environment, Zhongnong Network tightly focuses on three main lines: "resource integration, customer cultivation, and digital empowerment." First, Zhongnong Network connects directly with high-quality sugar enterprises in production areas to facilitate efficient matching of production area resources with downstream demand, meeting the diversified procurement needs of downstream customers and strengthening control over the domestic sugar supply chain; second, Zhongnong Network deepens the "customer-resource-product" integrated operation model, covering over 70% of the procurement needs of core customer groups through customized product and service solutions; third, Zhongnong Network continues to enhance online trading activity, with the number of trading customers increasing by 13% year-on-year, and customer stickiness continuing to strengthen The online planting management platform independently developed by the agricultural business team has achieved full-process digital control of "cultivation, management, and harvesting" for 2,800 acres of bases. Through functions such as land division, agricultural task distribution, and biological asset monitoring, it has effectively improved agricultural production efficiency and standardization levels. China Agricultural Network has established three major business scenarios: sugarcane seedling supply, agricultural material and fertilizer centralized procurement, and cooperative planting, promoting the cooperative sugarcane planting area to exceed 11,000 acres