森美控股(00756)发布公告，呈请聆讯已押后至2025年9月12日。 ...

本公司宣佈，呈請聆訊已押後至2025年9月12日。本公司將在有關呈請的任何重大 發展時另行刊發公告。 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，並明確表示概不就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。 Summi (Group) Holdings Limited 森美（集團）控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號： 00756） 內幕消息 押後清盤呈請聆訊 本公告乃由森美（集團）控股有限公司（「本公司」）根據香港聯合交易所有限公司 證券上市規則第13.09條及第13.25條及香港法例第571章證券及期貨條例第XIVA部 之內幕消息條文（定義見上市規則）而作出。 茲提述本公司日期為2025年1月21日、2025年1月27日、2025年2月11日、2025年3月19 日、2025年5月22日、2025年7月2日、2025年7月16日及2025年7月22日之公告，內容有 關向香港高等法院提交針對本公司之清盤呈請（「該公告」）。除另有指明外，本公 告所用詞彙與該公告所界定者具有相同涵義。 於 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 森美(集團)控股有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00756 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 500,000,000 | HKD | | 0.1 | HKD | | 50,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 500,000,000 | HKD | | 0.1 | HKD | | 50,000,000 | 本月底法定/註冊股本總額： ...

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，並明確表示概不就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。 Summi (Group) Holdings Limited 森美（集團）控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號： 00756） (4) 本集團一直與主要供應商及客戶保持持續及正常業務關係，以確保銷售及交 付過程運作如常。本集團亦已繼續採取措施以控制經營及行政成本，以及透 過嚴格的投資決策管治控制資本開支。 承董事會命 有關解決不發表意見之季度更新 森美（集團）控股有限公司（「本公司」，連同附屬公司統稱為「本集團」）董事（「董 事」）會（「董事會」）擬提供有關其截至2024年6月30日止年度的年報所載不發表意 見之季度更新。 直至本公告日期止，本公司已實施以下步驟及措施以減輕流動資金壓力及改善本 集團的財務狀況： – 1 – (1) 本公司持續識別潛在集資機會及評估適當集資機制，例如股份配售、供股或 其他； (2) 就逾期銀行借款而言，本公司管理層已與銀行代表會面，就延長還款及達成 解 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 森美(集團)控股有限公司 呈交日期: 2025年8月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00756 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 500,000,000 | HKD | | 0.1 | HKD | | 50,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 500,000,000 | HKD | | 0.1 | HKD | | 50,000,000 | 本月底法定/註冊股本總額： ...

[Supplemental Announcement: Annual Report for the Year Ended June 30, 2024](index=1&type=section&id=%E8%A1%A5%E5%85%85%E5%85%AC%E5%91%8A%EF%BC%9A%E5%85%B3%E4%BA%8E%E6%88%AA%E8%87%B3%E4%BA%8C%E9%9B%B6%E4%BA%8C%E5%9B%9B%E5%B9%B4%E5%85%AD%E6%9C%88%E4%B8%89%E5%8D%81%E6%97%A5%E6%AD%A2%E5%B9%B4%E5%BA%A6%E5%B9%B4%E6%8A%A5) [Use of Proceeds from Share Subscription](index=1&type=section&id=%E8%82%A1%E4%BB%BD%E8%AE%A4%E8%B4%AD%E4%BA%8B%E9%A1%B9%E6%89%80%E5%BE%97%E6%AC%BE%E9%A1%B9%E7%94%A8%E9%80%94) The company utilized HK$72.47 million of the HK$74.71 million net proceeds from the October 2023 share subscription for debt repayment and working capital, with the remainder to be used by year-end - The company completed a share subscription with its controlling shareholder on October 16, 2023, issuing **1,123,500,000 shares** and raising net proceeds of approximately **HK$74.71 million**[3](index=3&type=chunk)[4](index=4&type=chunk) Use of Net Proceeds from Share Subscription (As of June 30, 2024) | Purpose | Planned Use (HKD thousands) | Actual Use (HKD thousands) | Unutilized Amount (HKD thousands) | | :--- | :--- | :--- | :--- | | Repayment of Group Debt | 67,239 | 65,000 | 2,239 | | General Working Capital | 7,471 | 7,471 | – | | **Total** | **74,710** | **72,471** | **2,239** | - The Group expects the remaining unutilized net proceeds of **HK$2.239 million** to be fully utilized by December 31, 2024[4](index=4&type=chunk)

Financial Performance - For the six months ended December 31, 2024, the company reported revenue of approximately RMB 36,687,000, a decrease of 5.3% compared to RMB 38,752,000 for the same period in 2023[9] - Gross profit for the same period was approximately RMB 3,747,000, with a gross margin of 10.2%, up from 10.0% in the previous year[10] - The company experienced a net loss of approximately RMB 26,471,000, an increase of 24.4% from a net loss of RMB 21,278,000 in the prior year[17] - Revenue for the six months ended December 31, 2024, was RMB 36,687,000, a decrease of 5.4% compared to RMB 38,752,000 for the same period in 2023[42] - Gross profit for the same period was RMB 3,747,000, down from RMB 3,862,000, reflecting a decline of 3.0%[42] - Operating loss increased to RMB 16,668,000 from RMB 12,750,000, representing a rise of 30.5% year-over-year[42] - The net loss for the period was RMB 26,471,000, compared to RMB 21,278,000 in the previous year, indicating a 24.5% increase in losses[42] - The company reported a total comprehensive loss of RMB 26,947,000 for the period, compared to a comprehensive income of RMB 3,092,000 in the previous year[42] - The group incurred a pre-tax loss of RMB 26,471,000 for the six months ended December 31, 2024, compared to a pre-tax loss of RMB 21,278,000 for the same period in 2023, indicating a worsening of approximately 24.5%[58][59] Cash and Liquidity - Cash and cash equivalents increased significantly to approximately RMB 16,839,000, a rise of 251.1% from RMB 4,796,000 as of June 30, 2024[9] - The cash and cash equivalents at the end of the period increased to RMB 16,839,000 from RMB 12,186,000 at the end of the same period in 2023, reflecting a growth of approximately 38.5%[51] - The group reported a net cash inflow from operating activities of RMB 11,176,000, compared to a cash outflow of RMB 16,035,000 for the same period in 2023[51] - The group’s financing activities resulted in a net cash inflow of RMB 3,222,000 for the six months ended December 31, 2024, a significant decrease from RMB 73,258,000 in the same period of 2023[51] Assets and Liabilities - Total assets less current liabilities amounted to RMB (279,490,000) as of December 31, 2024, compared to RMB (252,346,000) as of June 30, 2024[43] - Non-current assets decreased to RMB 54,024,000 from RMB 64,790,000, a decline of 16.5%[43] - Trade receivables surged to approximately RMB 23,011,000, reflecting a 433.3% increase from RMB 4,315,000 as of June 30, 2024[9] - Trade and other receivables rose to RMB 26,387,000 from RMB 8,166,000, an increase of 223.5%[43] - Total borrowings amounted to RMB 213,756,000, with bank loans at RMB 155,927,000 and other borrowings at RMB 57,829,000[80] Expenses and Costs - Distribution costs rose by approximately 29.2%, increasing from RMB 746,000 to RMB 964,000 compared to the previous year[14] - Administrative expenses increased to approximately RMB 18,285,000 from RMB 16,704,000 in the prior year[15] - Financing costs rose to RMB 9,803,000, compared to RMB 8,528,000, marking an increase of 14.9%[42] - Depreciation of property, plant, and equipment increased to RMB 10,766,000 from RMB 7,268,000, while inventory expenses decreased to RMB 32,940,000 from RMB 34,890,000[63] Shareholder and Capital Information - The major shareholder, Mr. Wu, holds 243,338,111 shares, representing 71.45% of the issued share capital[31] - The company has decided not to declare any interim dividend for the six months ended December 31, 2024[18] - The company did not declare an interim dividend for the six months ended December 31, 2024, consistent with the previous period[66] - The weighted average number of ordinary shares for basic and diluted loss per share increased to 340,558,265 from 275,224,298 due to a share consolidation[67] Employment and Management Compensation - The group employed 110 staff as of December 31, 2024, a decrease from 121 staff in 2023[29] - The total compensation for key management members for the six months ended December 31, 2024, was RMB 420,000, compared to RMB 430,000 for the same period in 2023, reflecting a decrease of approximately 2.33%[83] - Short-term benefits for management were RMB 358,000 for the six months ended December 31, 2024, down from RMB 365,000 in 2023, indicating a decline of about 1.92%[83] - Post-employment benefits decreased to RMB 62,000 in 2024 from RMB 65,000 in 2023, representing a reduction of approximately 4.62%[83] Business Operations - The company continues to focus on producing frozen concentrated orange juice and expanding sales to juice trading companies[10] - The group’s manufacturing and sales of frozen concentrated orange juice generated revenue of RMB 32,157,000, while the sales of Senmei fresh orange juice contributed RMB 4,530,000 for the six months ended December 31, 2024[58] - The group’s operating segments include the manufacturing and sales of frozen concentrated orange juice and other related products, as well as the manufacturing and sales of Senmei products[56] Other Information - The group reported no significant contingent liabilities as of December 31, 2024, consistent with June 30, 2024[26] - There were no capital expenditures during the reporting period, maintaining the same status as the six months ending December 31, 2023[27] - The company has no specific plans for significant investments or capital assets as of December 31, 2024[28] - The group did not grant any incentive shares during the reporting period under the share incentive plan adopted on September 11, 2015[37] - There are no significant post-reporting period events related to the group's business or financial performance[30] - The company did not engage in any purchase, sale, or redemption of its listed securities during the reporting period[35] - There were no purchases or sales of property, plant, and equipment during the reporting period[70] - The average credit period for trade payables is between 90 to 150 days, ensuring all payables are settled within the credit terms[77] - The group’s capital reserve includes RMB 3,585,000 from the capital contribution of Senmei Fujian and RMB 36,396,000 related to Sunshine Vocal's loan and interest capital reserve[50] - The total other income for the six months ended December 31, 2024, was RMB 3,050,000, compared to RMB 838,000 in the same period of 2023, indicating a substantial increase[61]

Financial Performance - The company reported revenue of approximately RMB 36,687,000 for the six months ended December 31, 2024, a decrease of 5.3% compared to RMB 38,752,000 for the same period in 2023[5]. - The gross profit for the period was approximately RMB 3,747,000, with a gross margin of 10.2%, up from 10.0% in the previous year[5][8]. - The net loss for the period increased to approximately RMB 26,471,000, compared to RMB 21,278,000 in the same period last year, representing a 24.4% increase in losses[12]. - For the six months ended December 31, 2024, the company's revenue was RMB 36,687,000, a decrease of 5.4% compared to RMB 38,752,000 for the same period in 2023[27]. - The gross profit for the same period was RMB 3,747,000, down from RMB 3,862,000, reflecting a decline of 3.0%[27]. - Operating loss increased to RMB 16,668,000 from RMB 12,750,000, representing a rise of 30.5% year-over-year[27]. - The company reported a net loss of RMB 26,471,000 for the period, compared to a net loss of RMB 21,278,000 in the previous year, indicating a 24.5% increase in losses[27]. Cash and Receivables - Cash and cash equivalents rose significantly to approximately RMB 16,839,000, a 251.1% increase from RMB 4,796,000 as of June 30, 2024[15]. - Trade receivables surged to approximately RMB 23,011,000, reflecting a 433.3% increase from RMB 4,315,000 as of June 30, 2024[15]. - The company's cash and cash equivalents increased significantly to RMB 16,839,000 from RMB 4,796,000, marking a growth of 251.5%[29]. - Trade and other receivables rose to RMB 26,387,000 from RMB 8,166,000, reflecting a substantial increase of 223.5%[29]. - The average trade receivables not overdue and not impaired amounted to RMB 23,011,000 as of December 31, 2023, a significant increase from RMB 4,315,000 as of June 30, 2023[47]. Inventory and Liabilities - Inventory decreased significantly by 71.9% to approximately RMB 10,299,000 from RMB 36,616,000 as of June 30, 2024[15]. - The company had a total current liabilities of RMB 404,921,000, up from RMB 385,601,000, which is an increase of 5.4%[31]. - Trade payables as of December 31, 2023, totaled RMB 6,129,000, up from RMB 2,186,000 as of June 30, 2023[51]. Costs and Expenses - Distribution costs rose by approximately 29.2% to RMB 964,000 from RMB 746,000 in the previous year[10]. - Financing costs increased to approximately RMB 9,803,000 from RMB 8,528,000 in the previous year[11]. - Financing costs increased to RMB 9,803,000 for the six months ended December 31, 2023, compared to RMB 8,528,000 in the same period of the previous year[42]. Dividend and Shareholder Information - The company has decided not to declare any interim dividend for the six months ended December 31, 2024[13]. - The company did not recommend an interim dividend for the six months ended December 31, 2023, consistent with the previous period[43]. - The weighted average number of ordinary shares for calculating basic and diluted loss per share was 340,558,265 for the six months ended December 31, 2023, compared to 275,224,298 for the same period in 2022[44]. - The company raised approximately HKD 74,710,000 from a share subscription, which was fully utilized for debt repayment and general working capital[58]. - The company has not issued any reward shares under its share incentive plan during the reporting period[59]. Corporate Governance - The audit committee has reviewed the financial information and internal controls, ensuring compliance with financial reporting standards during the reporting period[62]. - The mid-term report will be published on the Hong Kong Stock Exchange and the company's website, containing all information required by Appendix 16 of the Listing Rules[64]. - The board of directors includes executive directors Mr. Wu Shaohao and Mr. Wu Liantao, as well as independent non-executive directors Ms. Zhong Yingyi, Mr. Peng Weihao, and Ms. Yang Xuping[65]. Business Segments - The company operates in two segments: manufacturing and sales of frozen concentrated orange juice and related products, and manufacturing and sales of fresh orange juice products[37]. - Total revenue for the six months ended December 31, 2023, was RMB 38,752,000, with sales from frozen concentrated orange juice contributing RMB 30,425,000 and fresh orange juice contributing RMB 8,327,000[39]. - The group reported a pre-tax loss of RMB 21,278,000 for the six months ended December 31, 2023, with segment performance showing a loss of RMB 10,780,000[39]. Employee Incentives - The company has established an employee stock incentive plan since September 11, 2015, to enhance employee performance and retention[24].

Financial Performance - The company reported revenue of approximately RMB 80,644,000 for the year ending June 30, 2024, representing an increase of 277.4% compared to RMB 21,366,000 in 2023[5] - Gross profit for the same period was RMB 21,248,000, up from RMB 6,608,000 in the previous year, marking an increase of approximately RMB 14,640,000[6] - The company reported a net loss of RMB 24,550,000, an improvement from a loss of RMB 26,998,000 in the previous year, indicating a decrease of 9.1% in losses[5] - The company reported a loss before tax of RMB 24,550,000, a slight improvement from a loss of RMB 26,998,000 in the previous year[106] - For the fiscal year ending June 30, 2024, the company reported a loss attributable to shareholders of approximately RMB 24,545,000, compared to a loss of RMB 26,989,000 in the previous year, indicating a reduction in losses[118] Revenue Composition - Sales of frozen concentrated orange juice and related products increased significantly from approximately RMB 5,339,000 to about RMB 65,613,000, accounting for 81.4% of total revenue[14] - Sales of the company's "Senmei" products decreased by approximately 6.2% to about RMB 15,031,000 from RMB 16,027,000 in the previous year[13] - Revenue from the largest customer constituted 68% of total revenue, with the top five customers accounting for 97% of total revenue in the reporting period[39] Cash Flow and Liquidity - Cash and cash equivalents decreased to RMB 4,796,000 from RMB 5,030,000, a decline of 4.7%[5] - The company’s net cash used in operating activities for the year was RMB 20,732,000, a significant decline from a cash inflow of RMB 5,741,000 in the prior year[114] - The company is implementing plans to improve liquidity and financial conditions to alleviate cash flow pressures[103] - The company has engaged in discussions regarding going concern issues with the audit committee[12] Inventory and Receivables - Inventory increased significantly to RMB 36,616,000 from RMB 6,619,000, reflecting a 453.2% rise[5] - Trade receivables rose to RMB 4,315,000 from RMB 1,018,000, an increase of 323.9%[5] Cost Management - Distribution costs decreased by approximately 17.7% to about RMB 4,058,000 from RMB 4,933,000 in the previous year[15] - Financing costs reduced by approximately 32.5% to about RMB 19,606,000 from RMB 29,055,000 in the previous year[16] Corporate Governance - The company has established a remuneration committee to review compensation policies based on operational performance and market practices[44] - The company has complied with all applicable corporate governance codes as per the listing rules during the reporting period[61] - The board consists of a balanced mix of executive and independent non-executive directors, ensuring effective independent judgment[63] Risk Management - The company has established a robust risk management and internal control system to ensure timely, accurate, and complete information transmission across different levels and departments[84] - The board confirmed that there are no significant issues with the company's risk management and internal control systems, and that sufficient training has been provided to qualified staff[85] Future Outlook - The company is focused on attracting new customers and expanding into overseas markets to support ongoing business development[83] - The company plans to focus on market expansion and new product development to drive future growth[106] Shareholder Information - The company did not declare or pay any interim dividends for the reporting period, consistent with the previous year[38] - The board of directors has the discretion to declare dividends based on the company's operational performance, capital requirements, and overall financial condition[98] Accounting Policies - The application of new International Financial Reporting Standards (IFRS) has not had a significant impact on the group's financial position or performance for the current and prior years[123] - The group recognizes revenue when control of goods or services is transferred to customers, following a five-step method[135] Segment Information - The group has two operating segments: (1) manufacturing and selling frozen concentrated orange juice and related products, and (2) manufacturing and selling fresh orange juice and other products[196] - The segment performance for the fiscal year ending June 30, 2024, showed a profit of RMB 16,020,000 for one segment, while another segment reported a loss of RMB 11,998,000, resulting in a total segment performance of RMB 4,022,000[198]

Revenue and Sales Performance - Revenue increased by 277.4% to RMB 80.644 million in 2024, driven by sales of frozen concentrated orange juice and related products[2][4] - Sales of frozen concentrated orange juice and related products surged to RMB 65.613 million, accounting for 81.4% of total revenue, up from 25.0% in 2023[9] - The company's revenue for the fiscal year ending June 30, 2024, was RMB 80.644 million, with a gross profit of RMB 21.248 million[23] - The company's revenue from frozen concentrated orange juice and related products increased significantly from RMB 5,339 thousand in FY2023 to RMB 65,613 thousand in FY2024, representing a growth of approximately 1,129%[33][36] - Revenue from Senmei fresh-squeezed orange juice and other products slightly decreased from RMB 16,027 thousand in FY2023 to RMB 15,031 thousand in FY2024, a decline of about 6.2%[33][36] - Total revenue from all products increased from RMB 21,366 thousand in FY2023 to RMB 80,644 thousand in FY2024, a growth of approximately 277%[33][36] - The majority of revenue (RMB 65,613 thousand) in FY2024 came from food and beverage manufacturers, primarily for frozen concentrated orange juice[33] - Mainland China remains the largest market, contributing RMB 79,471 thousand (98.5%) of total revenue in FY2024[36] - Revenue from external customers for frozen concentrated orange juice and related products increased to RMB 65,613 thousand in FY2024, up from RMB 5,339 thousand in FY2023[43] - Revenue from external customers for fresh-squeezed orange juice and other products decreased to RMB 15,031 thousand in FY2024, down from RMB 16,027 thousand in FY2023[43] - Total segment revenue for frozen concentrated orange juice and related products rose to RMB 66,484 thousand in FY2024, compared to RMB 11,543 thousand in FY2023[43] - Total segment revenue for fresh-squeezed orange juice and other products declined to RMB 20,368 thousand in FY2024, down from RMB 24,250 thousand in FY2023[43] - Revenue from mainland China increased significantly to RMB 79,471 thousand in 2024, up from RMB 19,669 thousand in 2023, representing a growth of 304%[48] - The company's total revenue increased to RMB 80,644 thousand in 2024 from RMB 21,366 thousand in 2023, a growth of 277%[48] - Major customer A1 contributed RMB 23,819 thousand in 2024, representing a significant portion of the company's total sales[48] Profitability and Losses - Gross profit rose by 221.5% to RMB 21.248 million, with a gross margin of 26.3%, down from 30.9% in 2023 due to changes in sales mix[2][4] - Net loss decreased by 9.1% to RMB 24.550 million, with basic and diluted loss per share at RMB 0.0798, a 32.5% improvement[2] - The company reported a net loss of RMB 24.550 million for the fiscal year ending June 30, 2024, compared to a net loss of RMB 26.998 million in the previous year[23] - The company reported a net loss attributable to owners of approximately RMB 24.545 million for the year ended June 30, 2024, compared to RMB 26.989 million in 2023[26] - Segment performance for frozen concentrated orange juice and related products improved to RMB 16,020 thousand in FY2024, up from RMB 9,535 thousand in FY2023[43] - Segment performance for fresh-squeezed orange juice and other products worsened to a loss of RMB 11,998 thousand in FY2024, compared to a profit of RMB 4,019 thousand in FY2023[43] - The company reported a net loss attributable to owners of RMB 24,545 thousand in 2024, slightly improved from RMB 26,989 thousand in 2023[57] - The company reported a net loss attributable to owners of approximately RMB 24,545,000 for the year ended June 30, 2024[85] Costs and Expenses - Distribution costs decreased by 17.7% to RMB 4.058 million, primarily due to reduced marketing and transportation expenses[10] - Administrative expenses decreased by 2.2% to RMB 28.835 million, mainly due to lower general office and salary expenses[11] - Financing costs decreased by 32.5% to RMB 19.606 million, reflecting lower interest expenses[12] - Employee costs decreased to RMB 5,810 thousand in 2024 from RMB 7,410 thousand in 2023, a reduction of 21.6%[54] - Depreciation expenses for property, plant, and equipment decreased to RMB 15,719 thousand in 2024 from RMB 16,434 thousand in 2023, a decline of 4.3%[54] - Depreciation expenses for fresh-squeezed orange juice and other products rose to RMB 12,518 thousand in FY2024, up from RMB 12,222 thousand in FY2023[47] - Impairment losses on inventory for fresh-squeezed orange juice and other products increased to RMB 6,179 thousand in FY2024, compared to a reversal of RMB 2,129 thousand in FY2023[47] Financial Position and Liabilities - Inventory increased by 453.2% to RMB 36.616 million, reflecting higher stock levels of frozen concentrated orange juice and related products[2] - Trade receivables grew by 323.9% to RMB 4.315 million, indicating increased sales on credit terms[2] - Cash and cash equivalents decreased by 4.7% to RMB 4.796 million, while total borrowings increased by 2.3% to RMB 211.436 million[2][14] - The company's total assets minus current liabilities stood at RMB -252.346 million as of June 30, 2024, compared to RMB -250.710 million in the previous year[24] - The company's total liabilities exceeded total assets by RMB 252.543 million as of June 30, 2024, compared to RMB 297.546 million in the previous year[24] - The company had net current liabilities of approximately RMB 335.134 million as of June 30, 2024, compared to RMB 348.196 million in 2023[26] - The company's total liabilities, including borrowings, corporate bonds, and lease liabilities, were approximately RMB 211.436 million, RMB 40.456 million, and RMB 722,000 respectively as of June 30, 2024[26] - The company's cash and cash equivalents were only approximately RMB 4.796 million as of June 30, 2024, compared to RMB 5.030 million in 2023[26] - Trade receivables increased significantly from RMB 1,018 thousand in 2023 to RMB 4,315 thousand in 2024, with 85.3% of receivables aged 0-30 days[60][63] - Total trade and other receivables decreased from RMB 12,472 thousand in 2023 to RMB 8,166 thousand in 2024, primarily due to reductions in bid deposits and other deposits[60] - Trade payables increased substantially from RMB 378 thousand in 2023 to RMB 2,186 thousand in 2024, with 82.7% of payables aged 0-90 days[64][65] - Amounts due to a director and related parties increased significantly from RMB 44,226 thousand in 2023 to RMB 92,021 thousand in 2024, mainly due to offsetting of share subscription consideration and settlement of bonds[64][67] - Contract liabilities increased from RMB 2,595 thousand in 2023 to RMB 6,654 thousand in 2024, reflecting advance payments received from customers[64][70] - Total borrowings increased slightly from RMB 206,588 thousand in 2023 to RMB 211,436 thousand in 2024, with 88.6% of borrowings due within one year or on demand[71] - Interest payable decreased from RMB 16,570 thousand in 2023 to RMB 12,820 thousand in 2024, partly due to interest waiver agreements with lenders[64][66] - The company's total mortgaged assets as of June 30, 2024, amounted to RMB 64,569,000, including property, plant, and equipment (RMB 52,917,000) and right-of-use assets (RMB 11,652,000)[77] - As of June 30, 2024, the company had a net current liability of approximately RMB 335,134,000 and a shareholders' equity deficit of approximately RMB 252,362,000[85] - The company defaulted on certain borrowings and corporate bonds totaling approximately RMB 92,079,000 and RMB 40,456,000, respectively, due to delayed or overdue payments[85] Capital and Share Issuance - The company's capital expenditures for the reporting period were approximately RMB 2.213 million, primarily used for the purchase of property, plant, and equipment[20] - The company is considering fundraising activities such as share placements or rights issues to improve its financial condition and expand its capital base[27] - The company's authorized share capital increased from HKD 30,000,000 (3,000,000,000 shares at HKD 0.01 each) to HKD 50,000,000 (5,000,000,000 shares at HKD 0.01 each) following the approval of an additional 2,000,000,000 shares[74] - The company issued 1,123,500,000 new shares at a subscription price of HKD 0.067 per share, representing a 9.46% discount to the last traded price of HKD 0.074 on July 10, 2023[73] - The new shares issued accounted for approximately 49.23% of the existing issued shares as of July 10, 2023, and 32.99% of the enlarged issued share capital post-subscription[74] - The total proceeds from the new share issuance were approximately HKD 75,274,500 (RMB 70,349,000), with net proceeds of HKD 74,710,000 (RMB 69,824,000) after deducting related expenses[74] - The company implemented a share consolidation, merging every 10 existing shares into 1 consolidated share, reducing the issued share capital from 3,405,582,652 shares to 340,558,265 shares[76] - As of June 30, 2024, the company's issued and fully paid share capital was 340,558,265 shares at HKD 0.1 each, totaling HKD 34,056,000 (RMB 29,842,000)[72] Operational and Strategic Measures - The company is actively negotiating with banks, financial institutions, and third parties to renew existing borrowings and corporate bonds due within 12 months from June 30, 2024[27] - The company is implementing cost control measures, including production and human resources optimization, restructuring, and exploring overseas markets[27] - The company's ability to continue as a going concern is subject to significant uncertainties, including the successful execution of fundraising, financing, and operational restructuring plans[86] - The company's financial statements were prepared on a going concern basis, but their validity depends on the outcome of various plans and measures to improve liquidity and financial conditions[86] Accounting and Financial Reporting - The company has applied new and revised International Financial Reporting Standards (IFRS) effective from July 1, 2023, with no significant impact on its financial position or performance[28] - The company has revised its accounting policies due to the cancellation of the Mandatory Provident Fund (MPF) offsetting mechanism in Hong Kong, effective from May 1, 2025[29] - The company recognized a cumulative retrospective adjustment for long service payment obligations due to changes in accounting treatment following the cancellation of the MPF offset mechanism[30] - The company has not early adopted several new or amended IFRS standards that will become effective between 2024 and 2025, as they are not expected to have a material impact on financial statements[31] - The company's financial statements were prepared in accordance with the disclosure requirements of the Hong Kong Companies Ordinance, despite the auditors' inability to form an opinion[84] - The company's financial statements and related notes were consistent with the audited consolidated financial statements for the year ended June 30, 2024[82] - The company's auditors did not express an opinion on the financial statements due to significant uncertainties related to the company's ability to continue as a going concern[84] - The company's audit committee reviewed the financial statements and internal controls, and discussed financial reporting matters with management[81] Dividends and Shareholder Information - No dividends were recommended for the years ending June 30, 2024, and June 30, 2023[56] - The company did not recommend the payment of a final dividend for the year ended June 30, 2024[87] - The weighted average number of ordinary shares used to calculate basic loss per share decreased from (11.83) in 2023 to (7.98) in 2024, reflecting a reduction due to share consolidation[59] Credit and Risk Management - The company's credit risk is considered extremely low, with no significant expected credit loss provisions made for trade receivables in both 2023 and 2024[61][63] - The company maintains a credit period of 30-120 days for sales to customers and 90-150 days for purchases of goods[61][65] Government Grants and Non-Current Assets - Government grants in mainland China amounted to RMB 1,537 thousand in 2024, down from RMB 2,370 thousand in 2023, a decrease of 35.1%[50][51] - Non-current assets in mainland China decreased to RMB 82,009 thousand in 2024 from RMB 96,825 thousand in 2023, a decline of 15.3%[48] Employee and Human Resources - The company had 98 employees as of June 30, 2024, down from 110 employees in the previous year[21] Miscellaneous - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[78]