Workflow
WENYE GROUP(01802)
icon
Search documents
文业集团(01802) - 2025 - 中期业绩
2025-08-29 14:30
Revenue and Profitability - Revenue for the six months ended June 30, 2025, was RMB 4,176,000, a decrease of 69.1% compared to RMB 13,524,000 for the same period in 2024[4] - The profit attributable to owners of the company was RMB 885,804,000, compared to a loss of RMB 21,685,000 in the previous year[4] - Basic and diluted earnings per share for the period were RMB 1.32, compared to a loss per share of RMB 0.04 in 2024[4] - The company's revenue decreased from approximately RMB 135 million in the first half of 2024 to about RMB 42 million in the first half of 2025, representing a decline of approximately 69%[38] - The group turned a loss of approximately RMB 21.7 million in the first half of 2024 into a profit of approximately RMB 885.8 million in the first half of 2025, mainly due to the aforementioned sale generating other income[56] Financial Position - Total assets less current liabilities amounted to RMB (69,587,000) as of June 30, 2025, compared to RMB (912,054,000) as of December 31, 2024[6] - The company reported a net cash balance of RMB 10,699,000 as of June 30, 2025[10] - The total financial liabilities measured at fair value through profit or loss amounted to RMB 59,534,000 as of June 30, 2025[10] - Following the restructuring and sale of the subsidiary, the company's net debt improved significantly from approximately RMB 930.4 million to about RMB 70.7 million as of June 30, 2025[38] - Trade and other receivables decreased from approximately RMB 114.3 million on December 31, 2024, to approximately RMB 3.8 million on June 30, 2025, a decline of 96.7%[57] - Trade and other payables decreased from approximately RMB 874.9 million on December 31, 2024, to approximately RMB 17.9 million on June 30, 2025[58] - As of June 30, 2025, the group had no bank borrowings, compared to approximately RMB 28.8 million on December 31, 2024[59] Operational Changes and Strategy - The company is actively seeking new clients and potential new funding through various channels, including issuing new shares[12] - The company aims to shift from long-term government contracts to shorter cycle projects to reduce financial pressure and improve cash flow[44] - The company maintains a light-asset business model, focusing on subcontracting to reduce procurement costs and improve operational flexibility[45] - The company has established long-term partnerships with developers and engineering firms, enhancing its ability to secure projects[44] - The company plans to continue optimizing operational efficiency while maintaining comprehensive project management control through its subcontracting model[45] Challenges and Risks - The company has faced significant uncertainty regarding its ability to continue as a going concern due to outstanding debts and ongoing litigation[11] - The company faced significant challenges due to the weak macroeconomic environment and ongoing litigation affecting its operations[38] Asset Management - Contract assets for construction services amounted to RMB 3,809,000 as of June 30, 2025, compared to RMB 766,797,000 as of December 31, 2024[28] - The company has no trade receivables as of June 30, 2025, compared to RMB 688,722,000 as of December 31, 2024[25] - All non-current assets are located in China as of June 30, 2025, consistent with the previous year[17] Cash Flow and Liquidity - The company reported cash and cash equivalents of RMB 10,699,000 as of June 30, 2025, a significant increase from RMB 507,000 as of December 31, 2024[29] - The current ratio improved to 21.0% as of June 30, 2025, from 17.5% on December 31, 2024[66] Corporate Governance - The company has adopted new and revised Hong Kong Financial Reporting Standards, which did not result in significant changes to its accounting policies[13] - The company has no income tax expenses for the six months ended June 30, 2025, as it operates overseas and is not subject to Hong Kong profits tax[21] - The board did not recommend the distribution of an interim dividend for the period ending June 30, 2025[65]
文业集团(01802.HK):上半年纯利预期不低于8亿元
Ge Long Hui· 2025-08-29 00:43
Core Viewpoint - The company expects a significant improvement in financial performance for the first half of 2025, with a projected profit turnaround compared to the previous year [1] Financial Performance - The company's expected revenue for the first half of 2025 is projected to decrease to approximately RMB 4 million from about RMB 13.5 million in the first half of 2024 [1] - The company anticipates a net profit of not less than approximately RMB 800 million for the first half of 2025, compared to a loss of approximately RMB 21.7 million in the first half of 2024 [1] Debt Management - The company's net debt is expected to significantly decrease from approximately RMB 930 million as of December 31, 2024, to not more than approximately RMB 70 million by the first half of 2025 [1]
文业集团(01802)预计上半年收益同比减少至不低于约400万元
智通财经网· 2025-08-28 15:14
Core Viewpoint - The company expects a significant decrease in revenue for the first half of 2025, projecting earnings to drop from approximately RMB 13.5 million to no less than RMB 4 million, while anticipating a turnaround from a loss of approximately RMB 21.7 million in the first half of 2024 to a profit of no less than RMB 800 million in the first half of 2025 [1] Group 1 - Revenue decrease is attributed to the slow recovery of the macroeconomic environment and the Chinese real estate market, which is closely linked to the company's decoration business [1] - The company's subsidiary, Shenzhen Wenye Decoration Design Engineering Co., Ltd., is facing debt issues, lawsuits, and frozen bank accounts, hindering the group's ability to secure new contracts and operate its construction decoration and design business [1] Group 2 - The company is expected to turn a profit due to the significant increase in other income resulting from the liquidation of its former subsidiary, Sosang (HK) Holdings Limited, which held interests in Wenye Decoration [1] - The net debt is projected to decrease significantly, with liabilities expected to drop from approximately RMB 930 million as of December 31, 2024, to no more than RMB 70 million in the first half of 2025, following the sale of Wenye Decoration, which carried most of the group's liabilities [1]
文业集团预计上半年收益同比减少至不低于约400万元
Zhi Tong Cai Jing· 2025-08-28 15:13
Core Viewpoint - The company expects a significant reduction in revenue for the first half of 2025, projecting earnings to drop from approximately RMB 13.5 million to no less than RMB 4 million, while turning a profit compared to a loss of about RMB 21.7 million in the first half of 2024 [1] Group 1: Revenue Expectations - Revenue is anticipated to decrease due to the slow recovery of the macroeconomic environment and the Chinese real estate market, which is closely linked to the company's decoration business [1] - The company's subsidiary, Shenzhen Wenye Decoration Design Engineering Co., Ltd., is facing debt and litigation issues, along with frozen bank accounts, hindering the ability to secure new contracts and operate in the construction decoration and design sector [1] Group 2: Profitability Outlook - The company is expected to achieve a net profit of no less than approximately RMB 800 million in the first half of 2025, marking a turnaround from previous losses [1] - The increase in other income is attributed to the sale of the company's stake in the subsidiary Sosang (HK) Holdings Limited, which was in liquidation [1] Group 3: Debt Reduction - The company's net debt is projected to decrease significantly from approximately RMB 930 million as of December 31, 2024, to no more than approximately RMB 70 million in the first half of 2025 [1] - The sale of Wenye Decoration will result in the removal of a substantial portion of the company's liabilities, as Wenye Decoration was responsible for most of the group's debts [1]
文业集团(01802) - 正面盈利预警
2025-08-28 14:27
本公告乃文業集團控股有限公司(「本公司」,連同其附屬公司統稱「本集團」)根據香港 聯合交易所有限公司證券上市規則(「上市規則」)第13.09條及香港法例第571章證券及期 貨條例(「證券及期貨條例」)第XIVA部的內幕消息條文(定義見上市規則)刊發。 董事會(「董事會」)謹此告知本公司股東及潛在投資者,根據董事會對其目前可得資料及 本集團截至2025年6月30日止六個月(「2025年上半年」)最新未經審核綜合管理賬目作出 的初步審閱及評估,本集團預期收益將由截至2024年6月30日止六個月(「2024年上半年」) 約人民幣13.5百萬元減少至2025年上半年不低於約人民幣4百萬元,且與2024年上半年的虧 損約人民幣21.7百萬元相比,2025年上半年將轉虧為盈。本公司於2025年上半年的純利預期 不低於約人民幣800百萬元,而本公司的負債淨額亦預期將由截至2024年12月31日約人民幣 930百萬元大幅減少至2025年上半年不超過約人民幣70百萬元。 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的內容概不負責,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 ...
文业集团(01802.HK)拟8月29日举行董事会会议以审批中期业绩
Ge Long Hui· 2025-08-19 14:21
格隆汇8月19日丨文业集团(01802.HK)公告,董事会会议将于2025年8月29日(星期五)举行,藉以(其中包 括)批准公司及其附属公司截至2025年6月30日止期间中期业绩及考虑建议中期股息(如有)。 ...
文业集团(01802) - 董事会会议通告
2025-08-19 14:11
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的內容概不負責,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 等內容而引致的任何損失承擔任何責任 。 Wenye Group Holdings Limited 文業集團控股有限公司 (於開曼群島註冊成立的有限公司) (股份代號:1802) 董事會會議通告 文業集團控股有限公司(「本公司」)董事會(「董事會」)謹此宣佈,董事會會議將於 2025 年 8月 29 日(星期五)舉行,藉以(其中包括)批准本公司及其附屬公司截至 2025 年 6 月 30 日止期間 之中期業績及考慮建議之中期股息(如有)。 承董事會命 文業集團控股有限公司 主席 孔國競 中國深圳,2025 年 8 月 19 日 於本公告日期,本公司董事會包括 (i) 四名執行董事,即孔國競先生(主席)、范舒穎女士(聯席主席兼⾏政總裁)、 陳宙宇先⽣(聯席主席)及彭及偉先⽣; (ii) 兩名非執⾏董事,即麥浩輝先⽣及賈園園女⼠;以及 (iii) 三名獨立非執⾏ 董事,即黃偉先⽣、⾺健凌先⽣及葉⾦⽟女⼠。 ...
文业集团(01802) - 有关实施处理不发表意见行动计划的季度最新情况
2025-08-07 14:30
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的內容概不負責,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 而引致的任何損失承擔任何責任。 自刊發本公司截至2024年12月31日止財政年度年報中披露本公司已取得位於塞班島的一間酒 店及中國太原市的一個住宅物業項目的裝修及室內裝飾工程(合約總金額約為人民幣 182,685,882元)後,本公司再取得7個中國酒店及娛樂場所的裝修及室內裝飾以及設計項目 (合約總金額約為人民幣84,442,288元)。塞班島及太原市的項目已開始施工,截至本公告日 期仍在進行中。 WenyeGroupHoldingsLimited 文業集團控股有限公司 (於開曼群島註冊成立的有限公司) (股份代號﹕1802) 有關實施處理不發表意見行動計劃 的季度最新情況 茲提述(i)本公司日期為2024年1月2日的公告(「達成復牌指引公告」),內容有關(其中包 括)本公司為處理截至2022年12月31日止兩個財政年度全年業績中對持續經營作出不發表意 見(「不發表意見」)的行動計劃,(ii)本公司截至2024年12月31日止兩個財政年 ...
文业集团(01802) - 截至二零二五年七月三十一日止之股份发行人的证券变动月报表
2025-08-04 10:38
FF301 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: 文業集團控股有限公司 (於開曼群島註册成立之有限公司) 呈交日期: 2025年8月4日 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 01802 | 說明 | | | | | | | | | | 已發行股份(不包括庫存股份)數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 831,600,000 | | 0 | | 831,600,000 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 831,600,000 | | 0 | | 831 ...
文业集团(01802) - 2024 - 年度财报
2025-04-30 14:16
Financial Performance - The group's revenue decreased from approximately RMB 813 million for the year ended December 31, 2023, to approximately RMB 135 million for the year ended December 31, 2024[9]. - The group recorded an annual loss of approximately RMB 95,440,000 for the year ending December 31, 2024, with net current liabilities and total liabilities of approximately RMB 919,488,000 and RMB 930,442,000 respectively[18]. - The group's revenue decreased from approximately RMB 81.3 million for the year ended December 31, 2023, to approximately RMB 13.5 million for the year ended December 31, 2024, a decline of RMB 67.8 million[26][32]. - The group's gross profit fell from approximately RMB 7.1 million to approximately RMB 1.3 million, a decline of about 81.7%, while the gross profit margin increased from 8.7% to 9.5%[34]. - The annual loss increased from approximately RMB 63.5 million for the year ended December 31, 2023, to approximately RMB 95.4 million for the year ended December 31, 2024, a growth of about 50.2%[42]. - The group reported a net loss of approximately RMB 95,440,000 for the year ended December 31, 2024[194]. - Total revenue for the year ended December 31, 2024, was RMB 13,524 thousand, a significant decrease of 83.4% compared to RMB 81,343 thousand in 2023[200]. - Gross profit for 2024 was RMB 1,289 thousand, down 81.9% from RMB 7,114 thousand in 2023[200]. - Operating loss increased to RMB 74,474 thousand in 2024, compared to RMB 52,256 thousand in 2023, reflecting a 42.5% increase[200]. - Net loss before tax for 2024 was RMB 95,440 thousand, up 50.2% from RMB 63,524 thousand in 2023[200]. - Basic and diluted loss per share for the year was RMB 0.16, compared to RMB 0.11 in 2023[200]. - Financial and contract asset impairment losses increased to RMB 44,086 thousand in 2024 from RMB 27,335 thousand in 2023, representing a 61.0% rise[200]. - Overall comprehensive loss for 2024 was RMB 95,443 thousand, compared to RMB 63,520 thousand in 2023, marking a 50.2% increase[200]. Market and Business Strategy - The company plans to adopt digital tools, sustainable practices, and hybrid design styles to stand out in the market[10]. - There is a growing demand for sustainable materials and smart home technologies, providing potential growth opportunities for the company[10]. - The company emphasizes the importance of domestic consumption and the demand for high-quality lifestyles, ensuring long-term resilience[10]. - The aging housing in urban and rural areas of first and second-tier cities in China presents development potential for the company[10]. - The macroeconomic pressures and long-term weakness in the Chinese real estate market have significantly impacted new project totals[10]. - The company aims to leverage opportunities in emerging markets as disposable income increases in smaller cities[10]. - The group aims to strengthen core capabilities by focusing on high-profit sectors such as high-speed rail, airports, hospitals, and high-end hotel projects[16]. - The group plans to expand into international markets leveraging China's Belt and Road Initiative[16]. - The group is committed to digital transformation by integrating artificial intelligence (AI) in project design, site management, and budgeting to enhance efficiency and profitability[16]. - The group recognizes new opportunities in market dynamics post-industry consolidation and aims to leverage digitalization, sustainability, and globalization trends for growth[14]. Operational Challenges - The company has faced a challenging environment but is focused on survival and development amidst the difficulties in the decoration industry[9]. - The group is actively seeking new clients for interior and exterior construction decoration and design projects[19]. - The group has been in discussions with existing lenders regarding the renewal, extension, and/or repayment of overdue bank and other borrowings[19]. - The group has a strategy to optimize internal management processes to reduce costs and improve efficiency[13]. - The group is closely monitoring policy changes and industry dynamics to adjust strategies and business models accordingly[13]. - The group will continue to monitor and take proactive measures to control administrative costs through various channels, including optimizing human resources and controlling capital expenditures[27]. - The group reported a net other loss of approximately RMB 9.6 million, primarily due to litigation penalty interest provisions of RMB 14.8 million[37]. Corporate Governance - The company is committed to maintaining high standards of corporate governance and has adhered to the principles of the Corporate Governance Code since its listing[135]. - The board of directors is responsible for leading and controlling the company, overseeing business strategies and performance[137]. - The board consists of nine directors, including two executive directors, four non-executive directors, and three independent non-executive directors[139]. - The independent non-executive directors represent one-third of the board, complying with listing rules, and have confirmed their independence for the year[142]. - The company has established a governance framework that includes regular reviews of authorized functions and responsibilities, ensuring effective management oversight[138]. - The audit committee consists of three independent non-executive directors, ensuring compliance with financial reporting standards[160]. - The audit committee has reviewed significant internal audit matters and the effectiveness of the risk management and internal control systems for the year[162]. - The company has implemented a policy for handling inside information to ensure confidentiality and timely public disclosure when necessary[184]. Employee and Management Information - The group had a total of 71 employees as of December 31, 2024, down from 82 employees as of December 31, 2023[125]. - Employee costs for the year, including director remuneration, amounted to approximately RMB 7.8 million, compared to RMB 8.5 million in 2023, representing a decrease of about 8.24%[125]. - The company has maintained directors' liability insurance to provide appropriate protection for its directors[123]. - The company has implemented employee recognition and reward programs, including restricted share unit plans[127]. - The company confirmed compliance with the Corporate Governance Code for the fiscal year ending December 31, 2024[154]. Financial Position and Risks - Current liabilities amounted to approximately RMB 919,488,000, while total liabilities were about RMB 930,442,000 as of December 31, 2024[194]. - The total bank and other borrowings were approximately RMB 28,774,000 and RMB 102,437,000 respectively, with cash and cash equivalents around RMB 507,000[194]. - The company is taking measures to improve its liquidity and financial position, which are detailed in the financial statements[195]. - The effectiveness of the going concern assumption is dependent on the success of various measures, including securing funding for new projects and negotiating with creditors[195]. - The company has identified significant risks including global macroeconomic risks and regulatory compliance risks, adjusting its business development strategies accordingly to create value for shareholders[180][181].