® Labixiaoxin Snacks Group Limited 蠟 筆 小 新 休 閒 食 品 集 團 有 限 公 司 ( 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ) 股份代號 : 1262 報告 目錄 目錄 | --- | --- | --- | --- | |-------|-------|------------------------------|-------| | | | | | | | | 公司資料 | 2 | | | | 財務摘要 | 4 | | | | 管理層討論及分析 | 5 | | | | 簡明綜合損益及其他全面收益表 | 10 | | | | 簡明綜合財務狀況表 | 11 | | | | 簡明綜合權益變動表 | 13 | | | | 簡明綜合現金流量表 | 14 | | | | 簡明綜合財務報表附註 | 15 | | | | 其他資料 | 32 | 公司資料 蠟筆小新休閒食品集團有限公司 中期報告2020 公司資料 | --- | --- | |------------------------------------------------|------------- ...

Financial Performance - The company reported revenue of RMB 262.8 million for the first half of 2019, a decrease of approximately 8.1% compared to the same period last year[20]. - The net loss for the first half of 2019 was RMB 58 million, an increase of 10.1% from a net loss of RMB 52.7 million in the same period last year[20]. - Revenue from jelly products decreased by approximately 3.8% to RMB 229.1 million in the first half of 2019, primarily due to weak consumer sentiment in China[22]. - Sales of sweet products fell by approximately 21.8% to RMB 23.4 million, mainly due to reduced demand in overseas markets[23]. - Beverage product revenue decreased by approximately 50.7% to RMB 7.1 million, attributed to intense competition in the Chinese beverage market[24]. - The gross profit for the same period was RMB 89.49 million, representing an increase of 20.9% from RMB 74.00 million in the previous year[68]. - The operating loss for the six months was RMB 35.38 million, compared to an operating loss of RMB 16.95 million in the prior year, indicating a deterioration in operational performance[68]. - The net loss attributable to equity holders per share was RMB 0.044, compared to RMB 0.040 for the same period in 2018[67]. - The company reported a total loss for the period of RMB 57,974 thousand, with a pre-tax loss of RMB 58,040 thousand[106]. - The net loss attributable to equity holders was RMB (57,974,000) for the six months ended June 30, 2019, compared to RMB (52,693,000) in 2018, indicating an increase in loss of 10.8%[124]. Cost Management - The company's sales cost decreased by approximately 18.2% to RMB 173.3 million, leading to a gross profit increase of approximately 20.9% to RMB 89.5 million[28]. - Sales and distribution expenses decreased by approximately 41.3% to RMB 28.5 million, with advertising and promotional expenses down by approximately 53.6% to RMB 9.4 million[29]. - The total cost of goods sold decreased to RMB 128,798,000 in the first half of 2019 from RMB 158,490,000 in 2018, a decrease of 18.7%[117]. - Advertising and promotion expenses significantly decreased to RMB 9,393,000 in the first half of 2019 from RMB 20,240,000 in 2018, a reduction of 53.6%[117]. Cash Flow and Liquidity - The group recorded a net cash inflow from operating activities of RMB 82.3 million for the first half of 2019, a significant increase from RMB 52.6 million in the same period of 2018[36]. - Operating cash flow for the six months ended June 30, 2019, was RMB 82,286,000, up 56.5% from RMB 52,605,000 in the same period of 2018[82]. - Current liabilities exceeded current assets by RMB 283,012,000, an improvement from RMB 483,357,000 as of December 31, 2018, suggesting better liquidity management[87]. - The company plans to seek external funding to improve cash flow and meet operational needs[90]. Market Conditions - The overall market demand for leisure food products continued to weaken due to sluggish consumer sentiment and a slowdown in China's economic growth since 2014[20]. - The company anticipates continued challenges in the leisure food industry due to weak consumer sentiment and overall economic slowdown in China[56]. - The company remains cautiously optimistic about the long-term prospects of its business, expecting economic recovery in China to benefit the leisure food sector[56]. Distribution and Network Expansion - The company expanded its distribution network to 675 distributors as of June 30, 2019, up from 532 distributors a year earlier[21]. Assets and Liabilities - Total assets as of June 30, 2019, were RMB 1,638.94 million, a decrease from RMB 1,694.35 million as of December 31, 2018[72]. - Total equity as of June 30, 2019, is RMB 609,383,000, a decrease of 8.7% from RMB 667,357,000 as of December 31, 2018[75]. - Total liabilities increased slightly to RMB 1,029,558,000 from 1,026,990,000, indicating a stable financial position[75]. - The group’s debt-to-equity ratio as of June 30, 2019, was 105.3%, slightly down from 106.1% as of December 31, 2018[35]. Trade Receivables and Inventory - Trade receivables increased by RMB 3.8 million compared to the beginning of the year, with turnover days of 167 days for the first half of 2019, up from 150 days in 2018[39]. - The inventory turnover days for the first half of 2019 were 49 days, down from 59 days in the same period of 2018[38]. Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to review accounting principles and practices[196]. - The company has adhered to the corporate governance code as per the listing rules, with no deviations reported as of June 30, 2019[199]. - Directors confirmed compliance with the standard code of conduct for securities trading during the six months ending June 30, 2019[200]. Shareholder Information - The largest shareholder, Alliance Food And Beverages (Holding) Company Limited, holds 610,915,527 shares, accounting for approximately 45.97% of the company's equity[176]. - Zheng Yulong, a director, has a beneficial interest in 119,935,060 shares, representing 9.02% of the company's equity[178]. - The company’s controlling shareholder agreed to sell shares for a total consideration of HKD 147,300,000, representing approximately 45.97% of the issued shares[166]. Employee Compensation - As of June 30, 2019, the group had approximately 1,189 employees with total salary expenses of RMB 39.8 million for the first half of 2019[193]. - The company’s major management personnel compensation remained stable at RMB 2,613,000 for the six months ended June 30, 2019, unchanged from the same period in 2018[161].

® Labixiaoxin Snacks Group Limited 蠟 筆 小 新 休 閒 食 品 集 團 有 限 公 司 ( 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ) 股份代號 : 1262 2018 # 報 目錄 目錄 2 公司資料 4 財務摘要 5 財務概要 6 主席報告 10 管理層討論及分析 19 董事及高級管理層履歷 23 企業管治報告 35 董事局報告 46 獨立核數師報告 51 綜合損益及其他全面收益表 52 綜合財務狀況表 54 綜合權益變動表 55 綜合現金流量表 56 綜合財務報表附註 公司資料 公司資料 | --- | --- | |--------------------------------------------|---------------------| | | | | 註冊辦事處 | 董事局 | | Clarendon House | 執行董事 | | 2 Church Street | 鄭育煥 （主席） | | Hamilton HM 11 | 鄭育雙 （行政總裁） | | Bermuda | 鄭育龍 | | 總部及中國主要營業地點 | 非執行董事 | ...