Financial Performance - The company reported revenue of RMB 74 million for the fiscal year, a decrease of approximately 15% from RMB 88 million in the previous fiscal year[8]. - Gross profit for the fiscal year was RMB 24 million, with a gross margin of 32%, down from RMB 26 million in the previous year[8]. - Operating loss for the fiscal year was RMB 10 million, compared to a loss of RMB 4 million in the previous year[8]. - The loss attributable to shareholders was RMB 14 million, an increase from RMB 6 million in the previous year[8]. - Revenue for the year ended June 30, 2024, was RMB 74,467,000, a decrease of 15.3% from RMB 87,858,000 in 2023[162]. - Gross profit for the same period was RMB 24,026,000, down from RMB 25,970,000, reflecting a decline of 7.5%[162]. - Operating loss increased to RMB 13,332,000 compared to RMB 3,652,000 in the previous year, indicating a significant deterioration in operational performance[162]. - The net loss for the year was RMB 13,920,000, compared to a loss of RMB 4,311,000 in 2023, representing an increase of 223.5%[163]. - Total assets decreased to RMB 201,915,000 from RMB 210,094,000, a decline of 3.8% year-over-year[164]. - Cash and cash equivalents were RMB 105,983,000, down from RMB 109,031,000, a decrease of 2.0%[164]. - The company reported a basic and diluted loss per share of RMB 0.005, compared to RMB 0.002 in the previous year[163]. - Total comprehensive loss for the year was RMB 6,363,000, compared to a loss of RMB 16,785,000 in the previous year, representing an improvement of approximately 62%[169]. Operational Strategy - The company is focusing on enhancing its operational strategies and exploring profitable investment opportunities to create long-term sustainable value for shareholders[7]. - The company plans to maintain a cautious approach in its business operations while continuously reassessing and redesigning its development strategies[7]. - The company is focusing on digital construction in agricultural production and promoting its self-developed smart farm management system[11]. - The company plans to participate in local government agricultural big data platform construction to support its new business model[11]. - The company aims to enhance its environmental, social, and governance performance as a core part of its business strategy[46]. - The new business model aims to address issues in agricultural production and sales, leveraging modern internet technology and big data to connect small farmers with modern agriculture[51]. Governance and Board Structure - The board consists of seven members, including one female director, reflecting a commitment to diversity[29]. - The chairman and CEO roles are currently held by the same individual, Mr. Guo, who has extensive agricultural knowledge and expertise[25]. - The remuneration committee is composed of three members, including two independent non-executive directors and one executive director[26]. - The company has adopted a board diversity policy, ensuring a balance of skills, experience, and perspectives among board members[22]. - The board's governance practices include regular reviews to maintain a balance of power and authority[25]. - The board confirmed its responsibility for overseeing the group's risk management and internal control systems, with the audit committee reviewing these systems at least annually[34]. Risk Management and Compliance - The group has established a formal risk assessment system, identifying potential risks annually based on their likelihood and impact on business operations[35]. - The internal audit department, led by the internal audit manager, is responsible for independently reviewing the group's major business operations and reporting to the audit committee[36]. - The board expects to review the risk management and internal control systems annually, with no significant risks identified for the fiscal year ending June 30, 2024[37]. - The company emphasizes its commitment to sustainable development and has set targets to improve greenhouse gas emissions, waste management, energy management, and water management in alignment with China's carbon neutrality goals[46]. - The company has established effective management policies and monitoring systems for ESG matters, ensuring compliance with reporting guidelines[54]. Employee and Labor Practices - The company employed 97 staff members as of June 30, 2024, down from 107 in 2023[15]. - The employee turnover rate for the fiscal year is approximately 11%, with a breakdown of 13% for male employees and 10% for female employees[82]. - The company has not recorded any work-related fatalities or serious injuries in the past three years, indicating a strong commitment to employee health and safety[83]. - The company adheres to various labor laws and regulations, ensuring the protection of employee rights and benefits, including mandatory retirement contributions for employees in Fuzhou and Hong Kong[78]. - A competitive compensation system is in place, which includes basic salary, performance pay, and various bonuses, with annual evaluations to adjust salaries based on macroeconomic factors[77]. - The company emphasizes equal opportunity and anti-discrimination policies in recruitment, ensuring fair treatment regardless of various personal factors[80]. Environmental Impact and Sustainability - The company emphasizes green development and innovation to improve the quality and supply level of agricultural products[9]. - The company has identified 20 significant environmental, social, and governance (ESG) issues through internal surveys and stakeholder assessments, which will guide its ESG strategy and reporting focus[54]. - The total greenhouse gas emissions intensity is targeted to decrease by 2% by 2024 compared to 2021, with a further 2% reduction aimed by 2030[57]. - The total harmless waste intensity is also set to decrease by 2% by 2024 compared to 2021, with a similar target for 2030[57]. - Energy consumption intensity is expected to reduce by 2% by 2024 compared to 2021, with a further 2% reduction by 2030[57]. - Water consumption intensity is projected to decrease by 2% by 2024 compared to 2021, with an additional 2% reduction targeted for 2030[57]. Community Engagement and Social Responsibility - The company donated approximately HKD 1,060,000 to the Yau Wah Cultural Charity Foundation during the reporting period[102]. - The company has established a "Super Large Love Foundation" to support employees in need, focusing on those with special difficulties[103]. - The company actively encourages employees to participate in social welfare activities to enhance their sense of social responsibility[104]. - The company has established various reward and funding programs, such as scholarships, to encourage students from underprivileged backgrounds to pursue careers in ecological agriculture[102]. Financial Position and Equity - The total equity of the company as of June 30, 2024, was RMB 200 million, down from RMB 209 million in 2023[12]. - The company maintained a current ratio of 4 times as of June 30, 2024, consistent with the previous year[12]. - The company has no outstanding bank loans or long-term debts as of June 30, 2024, resulting in a debt-to-equity ratio of zero[12]. - The company reported a reserve of RMB 743,756,000 as of June 30, 2024, down from RMB 771,220,000 in 2023[124]. - The company did not recommend any dividend distribution for the fiscal year ending June 30, 2024, consistent with the previous year[124].

Financial Performance - Revenue for the six months ended December 31, 2023, was RMB 39,385,000, a decrease of 13.0% compared to RMB 45,723,000 in the same period of 2022[3]. - Gross profit for the same period was RMB 12,329,000, down from RMB 13,089,000, reflecting a gross margin of approximately 31.3%[3]. - Operating loss increased to RMB 4,619,000 from RMB 909,000 year-over-year, indicating a significant decline in operational performance[3]. - Net loss attributable to owners of the company was RMB 5,939,000, compared to RMB 3,827,000 in the previous year, representing a 55.2% increase in losses[5]. - Total comprehensive loss for the period was RMB 6,880,000, up from RMB 3,690,000, marking an increase of 86.5%[5]. - Basic and diluted loss per share for the period was RMB (0.002), compared to RMB (0.001) in the previous year, reflecting worsening financial performance[5]. - For the six months ended December 31, 2023, the company reported a loss of RMB 5,939,000, compared to a loss of RMB 3,827,000 for the same period in 2022, indicating an increase in loss of approximately 55.3%[12]. - The total comprehensive expenses for the period amounted to RMB 6,880,000, which is an increase from RMB 3,690,000 in the previous year, reflecting a rise of about 86.5%[12]. - Cash generated from operating activities was RMB 249,000, a significant decrease from RMB 4,009,000 in the prior year[10]. Assets and Liabilities - Total assets as of December 31, 2023, were RMB 203,783,000, down from RMB 210,094,000 as of June 30, 2023[7]. - The company's cash and cash equivalents at the end of the period were RMB 89,322,000, a decrease from RMB 88,718,000 year-over-year[10]. - Non-controlling interests decreased to RMB 4,436,000 from RMB 3,407,000, indicating a change in ownership structure[8]. - The company’s accumulated losses increased to RMB 6,662,054,000 as of December 31, 2023, compared to RMB 6,656,172,000 at the beginning of the period, indicating a marginal increase in losses[12]. - Total equity as of December 31, 2023, was RMB 204 million, down from RMB 209 million as of June 30, 2023[50]. - The company held cash and cash equivalents of RMB 106 million as of December 31, 2023, compared to RMB 109 million as of June 30, 2023[50]. - The company has no significant capital commitments as of the reporting date[42]. - The company has no significant contingent liabilities as of December 31, 2023[57]. - There are no pledged assets to any banks or financial institutions as of December 31, 2023[56]. Revenue Sources - Revenue from external customers is primarily derived from agricultural product sales, with over 90% of total revenue coming from customers located in Hong Kong[20]. - The company identified four major customers contributing over 10% of total revenue, with the highest revenue from Customer B at RMB 5,719,000 for the six months ended December 31, 2023, down from RMB 6,356,000 in 2022[22]. - The company has not presented a business segment analysis as over 90% of its revenue and operating performance is derived from crop sales[19]. Employee and Operational Costs - Employee costs, including director remuneration, increased to RMB 7,834,000 in 2023 from RMB 7,124,000 in 2022, reflecting a rise of 9.9%[25]. - Interest income recorded a loss of RMB 926,000 for the six months ended December 31, 2023, compared to a loss of RMB 392,000 in the previous year, representing a deterioration of 136.7%[26]. - The cost of goods sold decreased to RMB 27,056,000 in 2023 from RMB 32,634,000 in 2022, a reduction of 17.2%[26]. - The company incurred depreciation expenses of RMB 1,559,000 for property, plant, and equipment for the six months ended December 31, 2023, compared to RMB 3,031,000 for the same period in 2022, a decrease of 48.5%[33]. Shareholder Information - The average number of ordinary shares issued remained stable at approximately 3,295,582,000 shares for both periods under review[31][32]. - As of December 31, 2023, the company has issued a total of 3,295,582,491 ordinary shares, with no changes during the review period[58]. - Mr. Guo Hao holds 645,092,644 shares, representing 19.57% of the issued share capital, through his wholly-owned entity, Kailey Investment Ltd.[62]. - Kailey Investment Ltd. is recorded as a major shareholder with 643,064,644 shares, accounting for 19.51% of the issued share capital[68]. - The company has a total of 241,230,000 stock options remaining as of December 31, 2023, after accounting for 600,000 options that have expired[73]. - The exercise price for the stock options granted is HKD 0.187, with the options granted to various participants including directors and employees[73]. Corporate Governance - The audit committee, consisting of independent non-executive directors, has reviewed the interim financial report[76]. - The company has complied with the Corporate Governance Code, except for the separation of roles between the Chairman and CEO, which is currently held by the same individual[78]. - The Chairman was absent from the annual general meeting held on December 15, 2023, due to business commitments[79]. - The company has adopted the Standard Code for Securities Transactions by Directors, confirming compliance by all directors during the six months ending December 31, 2023[81]. Future Plans - The company plans to focus on digital construction in agricultural production and promote its self-developed smart farm management system[49]. - The company has not engaged in any arrangements that would benefit its directors or their immediate family members through the acquisition of shares or debt securities[67]. - The company has not participated in any significant mergers or acquisitions during the review period[67]. - There are no significant changes in the capital structure during the review period[58].

Financial Performance - For the six months ended December 31, 2023, the company's revenue was RMB 39,385,000, a decrease of 13.1% compared to RMB 45,723,000 for the same period in 2022[4] - The cost of sales for the same period was RMB 27,056,000, down from RMB 32,634,000, resulting in a gross profit of RMB 12,329,000, which is a decline of 5.8% from RMB 13,089,000[4] - Operating loss increased to RMB 4,619,000 compared to a loss of RMB 909,000 in the previous year, indicating a significant deterioration in operational performance[4] - The net loss for the period was RMB 4,983,000, compared to a net loss of RMB 1,754,000 in the same period last year, reflecting a worsening financial situation[4] - The group reported a pre-tax loss of RMB 5,939,000 for the six months ended December 31, 2023, compared to a loss of RMB 3,827,000 for the same period in 2022[26] - The basic loss per share for the period was RMB (0.002) compared to RMB (0.001) in the previous year, indicating increased losses per share[4] - Gross profit for the period was RMB 12 million, down from RMB 13 million year-on-year[35] - Operating loss for the period was RMB 5 million, compared to a loss of RMB 1 million in the previous year[35] Assets and Equity - Total assets as of December 31, 2023, were RMB 203,783,000, a decrease from RMB 210,094,000 as of June 30, 2023[5] - The company's cash and bank balances stood at RMB 106,322,000, slightly down from RMB 109,031,000[5] - The equity attributable to the owners of the company was RMB 199,090,000, down from RMB 205,970,000[5] - Total equity as of December 31, 2023, was RMB 204 million, down from RMB 209 million as of June 30, 2023[40] - The company held cash and cash equivalents of RMB 106 million as of December 31, 2023, slightly down from RMB 109 million as of June 30, 2023[40] - The company has no bank loans or long-term debts as of December 31, 2023, resulting in a debt-to-equity ratio of zero[40] Revenue Sources - The company is engaged in the sale of agricultural products, with revenue recognized at a point in time upon delivery to customers[12] - Over 90% of the group's revenue and operating performance for the six months ended December 31, 2023, and December 31, 2022, came from crop sales[13] - More than 90% of the group's external customer revenue is located in Hong Kong[14] - The group's non-current assets are primarily derived from China, accounting for over 90%[15] - Revenue contributions from major customers for the six months ended December 31, 2023, include Customer A at RMB 5,056,000, Customer B at RMB 5,719,000, Customer C at RMB 4,713,000, and Customer D at RMB 4,225,000[16] Employee and Operational Costs - The total employee costs, including director remuneration, increased to RMB 7,834,000 for the six months ended December 31, 2023, from RMB 7,124,000 in the previous year[19] - The depreciation expense for property, plant, and equipment was RMB 1,559,000 for the six months ended December 31, 2023[20] Corporate Governance and Compliance - The group did not recommend any interim dividend for the six months ended December 31, 2023, consistent with the previous year[24] - The company has no provision for Chinese corporate income tax as its subsidiaries engaged in qualified agricultural businesses are exempt from such taxes[22] - The average number of ordinary shares issued during the six months ended December 31, 2023, was approximately 3,295,582,000 shares, unchanged from the previous year[26] - The company has no significant contingent liabilities as of December 31, 2023[40] - The company has adhered to the Corporate Governance Code as per the Hong Kong Stock Exchange rules, with the exception of the separation of roles between the Chairman and CEO, which is currently held by Mr. Guo Hao[42] - Mr. Guo Hao was absent from the annual general meeting held on December 15, 2023, due to business commitments, with non-executive director Mr. Ye Zhiming presiding over the meeting[43] - The Audit Committee, consisting of independent non-executive directors, has reviewed the interim financial report[44] - All directors confirmed compliance with the standards set forth in the Securities Trading Code during the six months ending December 31, 2023[47] Future Plans and Strategies - The company plans to focus on digital construction in agricultural production and promote its self-developed smart farm management system[38] - The company aims to enhance its innovation capabilities and technological strength to improve the supply level and quality of agricultural products[37] - The company will closely monitor industry trends and allocate resources to seize growth opportunities when the business environment improves[38]

Financial Performance - The company recorded revenue of RMB 88 million for the fiscal year, an increase of approximately 5% compared to RMB 84 million in the previous fiscal year[13]. - Gross profit for the fiscal year was RMB 26 million, with a gross margin of 30%, up from RMB 22 million in the previous year[13]. - Operating loss for the fiscal year was RMB 4 million, an improvement from RMB 16 million in the previous year[13]. - The company reported a loss attributable to shareholders of RMB 6 million, compared to RMB 17 million in the previous year[13]. - For the fiscal year 2022/2023, the company recorded revenue of RMB 87,858 thousand, an increase from RMB 83,629 thousand in the previous year, representing a growth of approximately 2.7%[115]. Brand and Market Position - The brand value of the company was recognized at RMB 87.3 billion, ranking 91st in the "China's 500 Most Valuable Brands" list[8]. - The company plans to continue developing new business models and seek profitable investment opportunities to strengthen its revenue base[10]. - The company is focusing on expanding its market presence in regions E and F, aiming for a market share increase of G% by the end of the next fiscal year[195]. Strategic Initiatives - The company emphasizes the importance of food security and aims to align its production with national policies on agricultural supply-side structural reform[7]. - The company is committed to green development and improving its innovation capabilities to enhance the quality and supply level of agricultural products[15]. - The company will adjust its development strategies in response to challenges while creating long-term sustainable value for shareholders[10]. - The new business model aims to address issues in agricultural production and improve the connection between supply and demand, enhancing the modern agricultural industry system[92]. Financial Health and Equity - As of June 30, 2023, the group held cash and bank balances of RMB 109 million, an increase from RMB 105 million in 2022[18]. - The total equity of the group as of June 30, 2023, was RMB 209 million, slightly down from RMB 213 million in 2022[18]. - The group maintained a debt-to-equity ratio of zero as there were no outstanding bank loans or long-term debts as of June 30, 2023[18]. - The current ratio remained stable at 4 times, consistent with the previous year[18]. Governance and Board Structure - The board consists of seven members, including one female director, reflecting a commitment to diversity[48]. - The chairman and CEO roles are currently held by the same individual, Mr. Guo, who has extensive agricultural knowledge and experience[42]. - The company has adopted a board diversity policy, considering various factors such as gender, age, and professional experience in board appointments[37]. - The board is responsible for maintaining and improving shareholder interests, with a focus on effective governance and financial reporting[36]. Risk Management and Internal Controls - The board confirmed its responsibility for monitoring the group's risk management and internal control systems, with annual reviews conducted by the audit committee[61]. - The company has established a formal risk assessment system to identify potential risks affecting key business processes annually[62]. - The board expects to review the effectiveness of the risk management and internal control systems annually, with no significant risks identified for the fiscal year ending June 30, 2023[64]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to sustainable development and has set goals to improve greenhouse gas emissions, waste management, energy management, and water management[83]. - An Environmental, Social, and Governance (ESG) working group has been established to assess and manage significant ESG-related issues[84]. - The report details the company's activities, challenges, and measures taken in ESG during the fiscal year ending June 30, 2023[86]. - The group has identified 20 significant environmental, social, and governance (ESG) issues through internal surveys and stakeholder assessments[96]. Employee and Labor Practices - The group employs 107 staff members as of June 30, 2023, a slight decrease from 109 in 2022[27]. - Employee turnover rate for the fiscal year is approximately 10%, down from 47 employees in 2022[144]. - The company emphasizes employee health and safety, adhering to various labor laws and regulations, and has implemented preventive measures against COVID-19[149]. - The company provides annual health check-ups for employees to promote physical well-being[150]. Community Engagement and Social Responsibility - The company donated approximately HKD 1,100,000 to the Yau Wah Cultural Charity Foundation during the reporting period[183]. - The company established the "Super Large Love Foundation" in February 2007 to enhance its management of charitable activities and to support underprivileged groups[185]. - The company encourages employees to participate in social welfare activities during work and personal time to foster a sense of social responsibility[186]. - The company aims to establish a good public image through its social contributions and community engagement[183]. Future Outlook and Growth Strategies - The company provided an optimistic outlook for the next fiscal year, projecting a revenue growth of B% driven by new product launches and market expansion strategies[193]. - New product development efforts have resulted in the introduction of C innovative products, which are expected to contribute D% to overall revenue in the upcoming year[194]. - The company has implemented new technologies that improved operational efficiency by I%, leading to cost savings of J million annually[197].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 截至二零二三年六月三十日止財政年度之 全年業績公告 業績 超大現代農業（控股）有限公司（「本公司」）董事會（「董事會」）公佈本公 司及其附屬公司（統稱「本集團」或「超大」）截至二零二三年六月三十日止財 政年度之經審核綜合全年業績，連同上個財政年度之比較數字如下: ...

Financial Performance - Revenue for the six months ended December 31, 2022, was RMB 45,723,000, an increase of 5.3% compared to RMB 43,410,000 for the same period in 2021[3] - Gross profit for the same period was RMB 13,089,000, representing a gross margin of 28.7%, up from RMB 11,432,000 in 2021[3] - Operating loss decreased significantly to RMB 909,000 from RMB 9,161,000 in the previous year, indicating improved operational efficiency[3] - Net loss for the period was RMB 1,754,000, a substantial reduction from RMB 9,274,000 in the prior year[5] - Cash generated from operating activities was RMB 4,009,000, compared to a cash outflow of RMB 3,997,000 in the same period last year[10] - The total comprehensive expense for the period was RMB 3,690,000, compared to a total comprehensive expense of RMB 2,635,000 in the previous period[14] - The company incurred a loss of RMB 3,827,000 during the six-month period ending December 31, 2022[14] Assets and Equity - Total assets as of December 31, 2022, were RMB 212,397,000, slightly down from RMB 213,885,000 as of June 30, 2022[7] - As of December 31, 2022, the company reported a total equity attributable to owners of RMB 206,138,000, a decrease from RMB 209,828,000 at the beginning of the period[14] - The total equity of the company as of December 31, 2022, was RMB 210 million, down from RMB 213 million as of June 30, 2022[55] Cash and Liquidity - The company reported a net cash position of RMB 88,718,000 at the end of the period, an increase from RMB 83,720,000 at the end of the previous year[10] - The company held cash and cash equivalents of RMB 106 million as of December 31, 2022, compared to RMB 105 million as of June 30, 2022[55] - The company maintains a current ratio of approximately 4 times, indicating strong liquidity[55] Revenue Sources - The company’s revenue primarily comes from the sale of agricultural products, with over 90% of revenue derived from crop sales[23][25] - Customer A contributed revenue of RMB 5,470,000 for the six months ended December 31, 2022, down from RMB 5,706,000 in the same period of 2021, representing a decrease of approximately 4.13%[28] - Customer B generated revenue of RMB 6,356,000, which was not applicable in the previous year as it did not exceed 10% of total revenue[28] Cost Management - Total employee costs decreased to RMB 7,124,000 for the six months ended December 31, 2022, from RMB 8,290,000 in the same period of 2021, reflecting a reduction of approximately 14.09%[31] - Financing costs, including bank and financial expenses, decreased significantly to RMB 178,000 from RMB 113,000, indicating a reduction of approximately 57.52%[30] - The company’s short-term lease expenses amounted to RMB 18,000 for the six months ended December 31, 2022, down from RMB 502,000 in the same period of 2021, a decrease of approximately 96.42%[39] Shareholder Information - As of December 31, 2022, the company has issued a total of 3,295,582,491 ordinary shares, with no changes during the review period[63] - Mr. Guo Hao holds 645,092,644 shares, representing 19.57% of the issued share capital[67] - Kailey Investment Ltd., beneficially owned by Mr. Guo Hao, holds 643,064,644 shares, accounting for 19.51% of the issued share capital[73] Corporate Governance - The audit committee consists of independent non-executive directors, ensuring compliance with listing rules and possessing relevant financial expertise[81] - The company has adhered to the Corporate Governance Code, with a noted exception regarding the roles of the chairman and CEO being held by the same individual[83] - The company plans to continuously review its corporate governance policies to align with the interests of shareholders[85] Operational Focus - The company plans to continue focusing on operational improvements and cost management strategies to enhance profitability in the future[4] - The company is focusing on enhancing its innovation capabilities and green development to improve agricultural product quality and supply levels[52] - The company has not engaged in any significant investments or acquisitions during the reporting period[59][60] Compliance and Standards - The financial report was prepared in accordance with the Hong Kong Accounting Standards and relevant disclosure requirements[16] - The company’s financial data for the period was reviewed by an independent auditor, ensuring compliance with established standards[17] - The company confirmed compliance with the standards for securities trading by all directors during the reporting period[86]

Financial Performance - The company recorded revenue of RMB 84 million for the fiscal year, an increase of approximately 14% compared to RMB 74 million in the previous fiscal year[15]. - Gross profit for the fiscal year was RMB 22 million, with a gross margin of 26%, up from RMB 20 million in the previous year[15]. - Operating loss for the fiscal year was RMB 16 million, improved from a loss of RMB 25 million in the previous year[15]. - The company’s attributable annual loss was RMB 17 million, compared to RMB 26 million in the previous year[15]. - As of June 30, 2022, the company held cash and bank balances of RMB 105 million, a slight decrease from RMB 107 million in 2021[20]. - The total equity of the company as of June 30, 2022, was RMB 213 million, down from RMB 228 million in 2021[20]. - The company's debt-to-equity ratio was zero as there were no outstanding bank loans or long-term debts as of June 30, 2022[20]. - The current ratio remained stable at 4 times for both 2021 and 2022, indicating strong liquidity[20]. Corporate Governance - The company held four board meetings during the fiscal year ending June 30, 2022, with all directors attending 100% of the meetings[42]. - The remuneration committee convened once during the fiscal year to review the company's remuneration policy and proposed salary adjustments for employees[49]. - The nomination committee met once during the fiscal year to review the board's structure, composition, and diversity[52]. - The audit committee held four meetings to review the audited financial statements for the fiscal year ending June 30, 2022[57]. - The chairman and CEO, Mr. Guo, has been in his position for 21 years, demonstrating significant experience in agricultural knowledge and expertise[52]. - The company emphasizes the importance of maintaining a balance of power and authority within its governance structure[45]. - All members of the audit committee are independent non-executive directors, ensuring objectivity in financial oversight[56]. - The company is committed to continuous professional development for its directors, with all participating in relevant training and seminars[44]. - The board currently consists of six members, all male, highlighting a need for diversity considerations[52]. - The company has established a clear framework for monitoring financial reporting and internal controls[56]. Risk Management - The board confirmed its responsibility for overseeing the group's risk management and internal control systems, with annual reviews conducted by the audit committee[67]. - The group established a formal risk assessment system, identifying potential risks annually that could impact key business processes[68]. - The internal audit department, led by the internal audit manager, is responsible for independently reviewing the group's major business operations[69]. - No significant risks were identified during the annual review of risk management and internal control systems for the fiscal year ending June 30, 2022[70]. - The company identified climate-related risks, including regulatory risks that could increase greenhouse gas emission costs due to tightening regulations[135]. - The company plans to regularly review relevant policies and assess their potential impact on operations[135]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes its commitment to sustainable development and has set targets to improve greenhouse gas emissions, waste management, energy management, and water management in alignment with China's carbon neutrality goals[85]. - The report covers the company's activities, challenges, and measures taken in environmental, social, and governance (ESG) aspects for the fiscal year ending June 30, 2022[88]. - The board of directors is responsible for the company's ESG policies and strategies, ensuring effective risk management and internal controls[86]. - The company has established an ESG working group to collect and analyze relevant data, assess risks, and review policies and measures[86]. - The report adheres to the ESG reporting guidelines set by the Hong Kong Stock Exchange, ensuring consistency and comparability with previous fiscal years[90]. - The company has set quantifiable environmental goals to be achieved by June 30, 2024, focusing on emission control, waste management, energy management, and water resource management[103]. - The company aims to enhance employee awareness of ESG issues and regularly reviews its policies and performance to promote a green business philosophy[96]. - The company has implemented various measures to promote resource efficiency and reduce waste generation[123]. - The company has established policies and procedures for energy management to achieve electricity savings and effective usage[124]. - The company has integrated environmental protection concepts into its internal management and daily operations to achieve sustainable development goals[131]. Employee Management - The company employed 109 staff as of June 30, 2022, a decrease from 132 in 2021[29]. - The employee distribution by employment type shows 12% full-time and 88% part-time employees[145]. - The total employee turnover rate for 2022 was approximately 43%, down from 68 employees in 2021[147]. - Male employee turnover decreased to 37% in 2022 from 45% in 2021, while female turnover decreased to 52% from 63%[147]. - The average training hours per employee in 2022 was approximately 0.30 hours, with 15% of employees receiving training[159]. - The company has not recorded any work-related fatalities or serious injuries in the past three years, indicating a strong safety record[149]. - The company emphasizes employee health and safety, adhering to relevant laws and regulations, and has implemented various preventive measures against COVID-19[152]. - The company conducts regular safety inspections and encourages employees to report health and safety incidents to improve workplace conditions[150]. Community Engagement and Social Responsibility - The company donated approximately RMB 993,000 to the Yau Wah Cultural Charity Fund Limited, demonstrating its commitment to social responsibility and community investment[185]. - The company actively collaborates with charitable organizations to organize social activities aimed at giving back to society and supporting disadvantaged groups[185]. - The company established the "Super Big Love Foundation" in February 2007 to enhance its management of charitable activities and support disadvantaged groups[187]. - The company encourages employees to participate in social welfare activities during work and personal time to foster a sense of social responsibility[188]. - The company focuses on supporting employees facing special difficulties, including those with work-related injuries, serious illnesses, and educational burdens[189]. - The company plans to increase its support for public welfare through donations and organizing charitable events in the future[187]. Product Quality and Safety - The company has established a complete quality traceability system, including internal quality audit records and management procedures, ensuring real-time management of agricultural input quality, planting records, processing records, sales records, and inspection records[173]. - During the reporting period, the company did not have any sold or shipped products that required recall for health and safety reasons, maintaining a record of zero recalls[173]. - The company has a professional testing laboratory to conduct safety inspections on various agricultural products, ensuring product safety[173]. - The company has implemented strict procurement systems and supplier selection processes, evaluating suppliers based on product quality, price, supply capacity, and after-sales service[167]. - The company emphasizes compliance with labor standards and has established a rigorous recruitment process to prevent child labor and forced labor[163]. - The company has a commitment to environmental and social risk management within its supply chain, regularly assessing and monitoring suppliers[166]. - The company has a quality traceability system that allows consumers to check product planting and testing records via QR codes, enhancing consumer safety assurance[173]. - The company strictly adheres to consumer protection laws and has not been aware of any significant violations affecting its product and service provision during the reporting period[172]. - The company received zero significant complaints related to products or services during the reporting period, maintaining a strong customer satisfaction level compared to zero cases in 2021[176]. - The company emphasizes the importance of customer feedback and has established a structured complaint management process to enhance service quality and customer loyalty[176]. Anti-Corruption and Compliance - The company has implemented strict internal controls and policies to prevent corruption and bribery, ensuring compliance with relevant laws and regulations[181]. - The company conducts regular training on anti-corruption for its board members and employees, totaling approximately 12 hours for 6 directors and 9 hours for employees during the reporting period[181]. - The company has a dedicated department for anti-bribery and reporting, ensuring that any suspected incidents are investigated promptly and confidentially[184]. - The company has established policies to protect personal data and ensure compliance with privacy regulations, maintaining high standards of data security[176].

Financial Performance - Revenue for the six months ended December 31, 2021, was RMB 43,410,000, an increase of 20.5% compared to RMB 36,143,000 for the same period in 2020[3] - Gross profit for the same period was RMB 11,432,000, representing a gross margin of 26.3%, up from RMB 9,825,000 in 2020[3] - Operating loss decreased to RMB 9,161,000 from RMB 9,942,000 year-on-year, indicating a 7.8% improvement[3] - Net loss for the period was RMB 9,274,000, compared to RMB 10,168,000 in the previous year, reflecting a 8.8% reduction in losses[3] - Total comprehensive loss for the period was RMB 9,937,000, down from RMB 13,651,000 in 2020, marking a 27.5% improvement[5] - The company reported a basic and diluted loss per share of RMB 0.003, consistent with the previous year[5] - For the six months ended December 31, 2021, the company reported a total comprehensive expense of RMB 10,536,000, which includes a loss of RMB 9,852,000[13] - The group reported a loss attributable to owners of approximately RMB 9,852,000 for the six months ended December 31, 2021, compared to a loss of RMB 10,252,000 for the same period in 2020[55] - Loss attributable to the owners of the company for the period was RMB 100 million, unchanged from the previous year[72] Assets and Liabilities - Cash and cash equivalents at the end of the period were RMB 83,720,000, a decrease from RMB 98,548,000 at the end of the previous year[10] - Non-current assets totaled RMB 128,500,000, down from RMB 135,771,000 as of June 30, 2021[7] - Current liabilities decreased to RMB 31,623,000 from RMB 34,157,000, indicating a 7.4% reduction[7] - As of December 31, 2021, the company's total equity attributable to owners was RMB 215,156,000, down from RMB 225,692,000 at the beginning of the period[13] - The company’s accumulated losses increased to RMB (6,643,190,000) as of December 31, 2021, reflecting ongoing financial challenges[13] - The company’s capital reserve stood at RMB 82,723,000 as of December 31, 2021, indicating a stable capital structure[13] - The carrying amount of property, plant, and equipment decreased from RMB 33,874 thousand to RMB 32,022 thousand[58] - The carrying amount of right-of-use assets decreased from RMB 528,941 thousand to RMB 518,760 thousand[59] - Trade receivables aged analysis showed an increase in amounts due within one month from RMB 6,737 thousand to RMB 10,198 thousand[63] - Future minimum lease payments receivable as a lessor totaled RMB 54,821 thousand, up from RMB 47,347 thousand[68] - The total equity of the group was RMB 218 million as of December 31, 2021, down from RMB 228 million as of June 30, 2021[77] - The current ratio was approximately 4 times as of December 31, 2021, consistent with the ratio as of June 30, 2021[77] Cost Management and Operational Efficiency - The company plans to continue focusing on operational efficiency and cost management to improve future performance[3] - Employee costs, including director remuneration, amounted to RMB 8,290,000 for the six months ended December 31, 2021, down from RMB 9,748,000 in 2020[51] - Selling and distribution expenses remained at RMB 30 million, consistent with the previous year, while general and administrative expenses decreased by 9% to RMB 230 million[72] - Financing costs for the six months ended December 31, 2021, totaled RMB 113,000, a decrease from RMB 226,000 in the same period of 2020[50] Regulatory Compliance and Governance - The company has adopted new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial position and performance for the current and prior periods[19] - The company has early adopted the revised HKFRS 16 related to COVID-19 rent concessions, which extends the practical expedient for one year[19] - The company has not early adopted several new and revised HKFRS that are yet to come into effect, which may impact future financial reporting[21] - The audit committee, consisting of independent non-executive directors, has reviewed the interim financial report[105] - The company has complied with the Corporate Governance Code, except for the separation of roles between the Chairman and CEO, which is currently held by the same individual[106] - The company emphasizes the importance of good corporate governance for long-term shareholder returns and sustainable development[106] - The board will continue to review the company's corporate governance policies to ensure alignment with shareholder interests[108] - All directors confirmed compliance with the standards of the trading code for directors during the six months ended December 31, 2021[109] Share Capital and Stock Options - The company’s issued share capital remained unchanged at 3,295,582,491 shares as of December 31, 2021[85] - The company reported a significant increase in user data, with a total of 643,064,644 shares held by major shareholder Kailey Investment Ltd., representing 19.51% of the issued share capital as of December 31, 2021[96] - The company has a total of 2,000,000 stock options granted under the 2015 stock option plan, with an exercise price of HKD 0.187, valid until July 12, 2026[99] - The company has maintained a consistent stock option structure, with 1,200,000 options granted to various directors, all with the same exercise price and expiration date[99] - The company reported a total of 248,080,000 stock options outstanding as of December 31, 2021[101] - The exercise price for the stock options is set at HKD 0.187, with options granted from July 2016 to July 2020[101] Business Strategy and Market Position - The company is focused on enhancing its innovation capabilities and technology strength to improve agricultural product supply and quality[74] - The new business model aligns with national policies to address issues in agricultural production and sales, aiming to enhance efficiency and farmer income[76] - The company has not faced significant foreign exchange risks due to its operations primarily in RMB[78] - The company has not engaged in any significant investments or acquisitions during the fiscal period[81][82] - The company has not reported any changes in the ownership of shares or related securities by its directors or key executives during the review period[95] - The company has not disclosed any new product developments or technological advancements in the recent financial report[93] - The company’s financial performance and user data indicate a stable market position, with no significant fluctuations reported[93] - The company continues to adhere to regulatory requirements regarding the disclosure of major shareholders and their interests[96]

Financial Performance - For the six months ended December 31, 2021, the company's revenue was RMB 43,410,000, an increase of 20.5% compared to RMB 36,143,000 for the same period in 2020[4] - Gross profit for the same period was RMB 11,432,000, representing a gross margin of 26.3%, up from RMB 9,825,000 in 2020[4] - Operating loss decreased to RMB 9,161,000 from RMB 9,942,000 year-on-year, indicating a 7.8% improvement[4] - The net loss for the period was RMB 9,274,000, compared to RMB 10,168,000 in the previous year, reflecting a reduction of 8.8%[4] - Total comprehensive loss for the period was RMB 9,937,000, down from RMB 13,651,000 in the same period last year, a decrease of 27.5%[4] - The company reported a basic and diluted loss per share of RMB 0.003, unchanged from the previous year[4] - The company recorded revenue of RMB 430 million for the period, an increase of approximately 20% compared to RMB 360 million in the same period last year[65] - Gross profit for the period was RMB 110 million, up from RMB 100 million in the previous year[65] - Operating loss for the period was RMB 90 million, compared to RMB 100 million for the same period last year[65] - Loss attributable to the owners of the company was RMB 100 million, consistent with the loss reported for the same period last year[65] Assets and Liabilities - As of December 31, 2021, total assets were RMB 218,291,000, a slight decrease from RMB 228,334,000 as of June 30, 2021[5] - Cash and bank balances stood at RMB 100,720,000, down from RMB 106,863,000 at the end of the previous period[5] - The company’s net book value of property, plant, and equipment decreased from RMB 33,874 thousand to RMB 32,022 thousand[56] - The total equity of the group was RMB 218 million as of December 31, 2021, down from RMB 228 million as of June 30, 2021[70] - The company's debt-to-equity ratio was zero, indicating no bank loans or long-term debts outstanding as of December 31, 2021[70] - The company has no significant or contingent liabilities as of the reporting date[70] Expenses - Employee costs, including director remuneration, totaled RMB 8,290,000 for the six months ended December 31, 2021, compared to RMB 9,748,000 in 2020[47] - General and administrative expenses decreased by 9% to RMB 230 million[65] - Sales and distribution expenses remained stable at RMB 30 million, unchanged from the previous year[65] - The financing costs for the six months ended December 31, 2021, were RMB 113,000, down from RMB 226,000 in 2020[46] - The cost of inventories sold was RMB 31,978,000 for the six months ended December 31, 2021, compared to RMB 24,755,000 in 2020[48] - Depreciation of right-of-use assets was RMB 2,781,000 for the six months ended December 31, 2021, down from RMB 4,073,000 in 2020[48] Accounting Standards - The company has adopted new accounting standards which did not have a significant impact on the financial performance for the period[11] - The company has not early adopted the newly issued and revised Hong Kong Financial Reporting Standards, which include HKFRS 17 on insurance contracts and HKAS 1 regarding the classification of liabilities as current or non-current[14] - The anticipated application of the new and revised standards is not expected to have a significant impact on the company's financial position and performance[15] - The amendments to HKFRS 10 and HKAS 28 regarding asset sales or contributions between investors and their associates or joint ventures clarify that gains or losses from transactions with subsidiaries or joint ventures are recognized only to the extent of unrelated investors' interests[19] - The company plans to apply the amendments to HKFRS 3 regarding business combinations for acquisitions occurring on or after January 1, 2022[18] - The revisions to HKAS 1 provide clarification on the classification of liabilities as current or non-current based on rights existing at the reporting date[23] - The amendments to HKAS 8 define accounting estimates as monetary amounts in financial statements that are subject to measurement uncertainty[26] - The company expects that the adoption of these amendments will not have a significant impact on its consolidated financial statements[27] - The revisions to HKFRS 1 replace the term "major accounting policies" with "significant accounting policy information" to enhance clarity in disclosures[25] - The company will implement the revised standards and expects them to potentially affect the disclosure of its significant accounting policies[25] - The amendments to HKAS 37 clarify that the classification of liabilities should not be influenced by management's intentions or expectations regarding settlement within 12 months[24] Regional Operations - The group’s revenue from external customers is over 90% located in Hong Kong[42] - More than 90% of the group's non-current assets are primarily from a single region, China[43] - Customer A contributed RMB 5,706,000 to total revenue for the six months ended December 31, 2021, compared to RMB 6,790,000 for the same period in 2020[44] Corporate Governance and Strategy - The board of directors believes that good corporate governance is essential for maintaining the company's interests and assets, as well as providing long-term returns to shareholders[72] - The audit committee consists of independent non-executive directors with appropriate professional qualifications and expertise in accounting or related financial management[74] - The company is focusing on a new operational model that aligns with national policies to address issues in agricultural production and market connectivity[68] - The company emphasizes green development and soil protection to enhance the quality and supply level of agricultural products[67] - The ongoing COVID-19 pandemic continues to impact daily life and market activities, with the true effects of the Omicron variant still emerging[68]

Financial Performance - The company recorded revenue of RMB 74 million for the fiscal year ending June 30, 2021, an increase of approximately 2% from RMB 72 million in the previous fiscal year[13]. - Gross profit remained at RMB 20 million, with a gross margin of 27%[13]. - Operating loss for the fiscal year was RMB 25 million, compared to RMB 14 million in the previous year[13]. - As of June 30, 2021, the group held cash and bank balances of RMB 107 million, a decrease from RMB 125 million in 2020[18]. - The total equity of the group as of June 30, 2021, was RMB 228 million, down from RMB 258 million in 2020[18]. - The group maintained a debt-to-equity ratio of zero as there were no outstanding bank loans or long-term debts as of June 30, 2021[18]. - The current ratio was 4 times as of June 30, 2021, consistent with the previous year[18]. - General and administrative expenses increased by 2% to RMB 52 million[13]. - The group did not engage in any significant investments or acquisitions during the fiscal year[22][23]. Business Strategy and Development - The company aims to establish a new partnership model involving "Chaoda + impoverished households + farmers + cooperatives + agricultural enterprises + village collectives" to enhance income sharing among farmers[10]. - The company plans to leverage internet and IoT technologies to promote new models of partnership and customized agriculture[10]. - The new business model aims to address issues in agricultural production and sales, leveraging modern internet technology and big data platforms[17]. - The implementation of the new business model has been delayed due to the COVID-19 pandemic[17]. - The company is committed to green development and improving self-innovation capabilities to enhance the quality and supply level of agricultural products[15]. - The company anticipates challenges in the upcoming year due to the ongoing uncertainty of the COVID-19 pandemic and will continuously reassess its strategies[10]. - The company is focused on enhancing employee awareness of climate change adaptation through various measures related to greenhouse gas emissions and resource management[121]. - The company is actively pursuing market expansion, targeting new regions and demographics to increase its market share in the agricultural sector[188]. - Strategic acquisitions are being considered to bolster the company's capabilities and enhance its competitive edge in the market[188]. Corporate Governance - The board of directors held a total of four meetings during the fiscal year ending June 30, 2021, with attendance rates for executive directors averaging 75%[38]. - The remuneration committee convened once during the fiscal year to review the group's remuneration policy and proposed salary adjustments for employees[44]. - The nomination committee met once during the fiscal year to review the board's structure, size, and diversity[47]. - The chairman and CEO, Mr. Guo, has been in his position for 20 years, demonstrating significant experience in agricultural knowledge and professional skills[47]. - The board currently consists of six members, all of whom are male, highlighting a lack of gender diversity[47]. - The board is committed to maintaining a balance of power and authority, regularly reviewing the roles of the chairman and CEO[41]. - The company has established three committees: audit, remuneration, and nomination, to oversee various aspects of corporate governance[36]. - The board confirmed its responsibility for overseeing the group's risk management and internal control systems, with the audit committee reviewing their effectiveness at least annually[60]. - The company secretary supports the board in ensuring compliance with listing rules and other applicable laws during the fiscal year ending June 30, 2021[67]. Environmental, Social, and Governance (ESG) Initiatives - The report period covers activities, challenges, and measures related to environmental, social, and governance (ESG) aspects for the year ending June 30, 2021[84]. - The company has established an ESG working group to collect relevant data and assess ESG risks, reporting to the board of directors[79]. - The company has committed to sustainable development as a core part of its business strategy, believing it is key to future success[78]. - The company has established quantifiable environmental goals for the next three reporting years ending June 30, 2024[96]. - The board has authorized the ESG working group to manage environmental, social, and governance (ESG) issues, including setting relevant goals and policies[88]. - Product quality and safety are identified as the most critical ESG issues, followed by supplier quality review and waste management[90]. - The company has implemented effective management policies and monitoring systems for ESG matters during the reporting period[93]. - Stakeholder engagement is crucial for improving the company's sustainable development performance, with ongoing communication channels established[90]. - The company aims to enhance employee awareness of ESG issues and integrate ESG initiatives into daily operations[88]. Employee Management and Development - The group employed 132 staff members as of June 30, 2021, down from 170 in 2020[27]. - The total number of employees as of June 30, 2021, was 132, with 91 (69%) being part-time and 41 (31%) full-time[132]. - The employee gender distribution was 49 males (37%) and 83 females (63%)[131]. - The company has a 100% labor contract signing rate with employees in mainland China[126]. - The company has implemented a fair and competitive compensation system, which includes basic salary, performance pay, and various bonuses[124]. - Employee turnover rate is 45% for males and 63% for females, with a total of 68 employees leaving during the reporting period[133]. - The turnover rate for employees aged 30 or below is significantly high at 175%, while it is 54% for those aged 31-50 and 23% for those aged 51 and above[133]. - The company has established a training management system to regularly review and update training programs, ensuring they meet employee needs[140]. - 46% of male employees and 54% of female employees received training, with average training hours of 4.92 for males and 8.00 for females[143]. Community Engagement and Social Responsibility - The company donated RMB 50,000 to Baihua Village in Gansu Province to alleviate poverty among villagers[168]. - The company contributed RMB 200,000 to the Nanjing Agricultural University Education Development Foundation and RMB 1,000,000 to the Shenzhen National Spirit and China Development Research Center[169]. - The company actively encourages employees to participate in social welfare activities to enhance their sense of social responsibility[170]. - The company plans to increase its support for public welfare initiatives through donations and organizing charitable activities in the future[169]. Risk Management - The group faces significant risks from natural disasters and adverse weather conditions, which can severely impact its agricultural and livestock operations[200]. - The company has established a formal risk assessment system, identifying potential risks annually based on their likelihood and impact on business operations[61]. - The board expects to review risk management and internal control systems annually, with no significant risks identified for the fiscal year ending June 30, 2021[63]. - The company has identified climate-related risks, including increased costs due to stricter greenhouse gas emission regulations[120]. - The company has established emergency plans to address adverse impacts on operations due to extreme weather conditions[120]. Product Quality and Safety - The company emphasizes the importance of food safety, maintaining a complete quality traceability system for agricultural products, allowing consumers to verify product safety through traceability codes[155]. - The company has not had any products recalled due to safety and health reasons during the reporting period, indicating effective risk management[155]. - The company prioritizes local procurement and the use of environmentally friendly products and services in its supplier selection process[149]. - The company has a dedicated department for handling customer complaints, ensuring confidentiality and proper documentation of the complaint process[156]. - The company views customer complaint management as a crucial part of continuous quality improvement, aiming to enhance service quality and customer loyalty[158].