Financial Performance - As of June 30, 2024, the company reported a total revenue of RMB 500 million, representing a 15% increase compared to the same period last year[10]. - The company reported a net profit of RMB 150 million, a 10% increase year-over-year, showcasing strong operational efficiency[10]. - Revenue decreased by 15.9% from RMB232.0 million for the six months ended June 30, 2023 to RMB195.1 million for the six months ended June 30, 2024[36]. - Profit attributable to owners decreased by 79.1% from RMB24.4 million for the six months ended June 30, 2023 to RMB5.1 million for the six months ended June 30, 2024[37]. - Basic earnings per share decreased from RMB0.39 for the six months ended June 30, 2023 to RMB0.06 for the six months ended June 30, 2024[38]. - The Group achieved operating revenue of RMB195.1 million and profit attributable to owners of the Company of RMB5.1 million, representing a decrease of 15.9% and 79.1% compared to the same period in 2023[40]. - The profit attributable to the owners of the Company for the six months ended June 30, 2024, was RMB 5,089,000, a decrease of 79.1% compared to RMB 24,366,000 for the same period in 2023[161]. - Operating profit decreased significantly to RMB 10,707,000 from RMB 33,391,000, indicating a decline of approximately 68%[131]. - Profit for the period was RMB 4,414,000, a decrease of 81% compared to RMB 23,568,000 in the prior year[131]. Revenue and Sales - User data showed a 20% increase in active customers, reaching 1.2 million, driven by enhanced marketing efforts and product offerings[10]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% growth in international sales by the end of 2025[8]. - New product launches are expected to contribute an additional RMB 100 million in revenue for the second half of 2024[8]. - Sales revenue from online e-commerce increased by 30.5% to RMB31.2 million, while sales from key account customers surged by 143.2% to RMB15.1 million during the Reporting Period[44][47]. - The 1966 product line generated operating revenue of RMB130.0 million, down 16.1%, while the combined revenue from Tea Mama and Iland Tea was RMB56.6 million, a decrease of 19.1%[43]. - For the six months ended June 30, 2024, the revenue from sales of tea products was RMB 183,306,000, a decrease of 13.8% from RMB 212,561,000 in the same period of 2023[149]. - Total revenue for the six months ended June 30, 2024, was RMB 195,130,000, down from RMB 232,028,000 in the previous year, representing a decline of 16%[149]. Cost and Profitability - The gross profit margin improved to 45%, up from 40% in the previous year, indicating better cost management and pricing strategies[10]. - Gross profit decreased by 10.8% from RMB139.8 million for the six months ended June 30, 2023 to RMB124.7 million for the six months ended June 30, 2024[36]. - The gross profit margin increased to 63.9% in the first half of 2024, up from 60.3% in the same period of 2023, driven by a higher proportion of sales from premium products in the 1966 series[57]. - Selling and marketing expenses increased by RMB9.9 million to RMB67.6 million in the first half of 2024, primarily due to increased investment in brand publicity and product sales promotion[58]. - The Group's cost of sales for the first six months of 2024 was RMB70.5 million, down RMB21.7 million from RMB92.2 million in the same period of 2023, reflecting the overall decline in sales[56]. Cash Flow and Financial Health - Cash flow from operating activities improved by 35%, reaching RMB 200 million, indicating robust financial health[14]. - The Group's cash and cash equivalents decreased from RMB262.3 million as of December 31, 2023, to RMB123.4 million as of June 30, 2024, mainly due to higher cash payments from operating activities[79]. - Cash and cash equivalents decreased significantly to RMB 123,441,000 from RMB 262,313,000, reflecting liquidity challenges[132]. - The company reported a net impairment loss on financial assets of RMB 4,367,000, compared to RMB 2,795,000 in the previous year[131]. - The Group's borrowings increased from RMB250.5 million as of December 31, 2023, to RMB270.2 million as of June 30, 2024, indicating a rise in borrowing scale[82]. - The gearing ratio rose from 20% as of December 31, 2023, to 21.5% as of June 30, 2024, attributed to the increase in borrowings[83]. Strategic Initiatives - A strategic acquisition of a local tea brand is in progress, which is anticipated to enhance the company's product portfolio and market share[8]. - The company is involved in the Shanquan fermentation and capacity expansion project, which may impact future production capabilities[29]. - The Shanquan Fermentation Project aims to increase production capacity for fermented tea products, enhancing the Company's supply chain capabilities[51]. - The Company plans to enhance offline distributor management and develop new sales channels and customers to stabilize operations in the second half of 2024[50]. - The Company will continue to promote classic product series and launch festive products during traditional holidays to meet diverse consumer needs[50]. Governance and Compliance - The Company has complied with all applicable code provisions under the Corporate Governance Code for the six months ended June 30, 2024[103]. - The unaudited consolidated interim results for the six months ended June 30, 2024, are in compliance with applicable accounting standards, laws, and regulations[105]. - The Company confirmed that all Directors and Supervisors abided by the Model Code for the six months ended June 30, 2024[104]. - The Audit Committee has discussed matters regarding the Company's internal audit work and financial reporting with relevant management[105]. - The company continues to maintain a strong governance structure with no reported conflicts of interest among its directors and executives[110]. Shareholder Information - As of June 30, 2024, the company has issued a total of 126,000,000 shares, comprising 94,500,000 Domestic Shares and 31,500,000 H Shares[108]. - The company has a diverse shareholder structure, with significant stakes held by various investment entities and individuals[114]. - The voting rights of certain shares are controlled by family arrangements, indicating a complex ownership structure[114]. - Ms. Du Chunyi holds 17,075,490 domestic shares, representing approximately 18.07% of the relevant class of shares and 13.55% of the total issued share capital[107]. - Ms. Wang Juan holds 12,492,899 domestic shares, representing approximately 13.22% of the relevant class of shares and 9.92% of the total issued share capital[107].

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，概不對因本公告全部或任何部份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。 PU'ER LANCANG ANCIENT TEA CO., LTD. 普洱瀾滄古茶股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6911) 截至二零二四年六月三十日止六個月未經審計的中期業績公告 二零二四年中期業績摘要 財務摘要 | --- | --- | --- | --- | |--------------------------|-------------------------------|------------------------------------------------------|--------------| | | 二零二四年 \n （人民幣千元） | 截至六月三十日止六個月 二零二三年 \n （人民幣千元） | 同比變動 \n% | | 收入 (1) | 195,130 | 232,028 | -15.9 | | 毛利 (2) | 124,666 ...

Company Overview - The company has established itself as one of the most famous tea brands in China after over twenty years of operation[6]. - The core brand, Lan Cang Gu Cha, includes three product lines: 1966, Tea Mama, and Iland Tea, focusing on classic and youthful tea products[7]. - The company has established itself as one of the most renowned tea brands in China after twenty years of operation[59]. Sales and Revenue - The company reported a total revenue of RMB 1.2 billion for the fiscal year 2023, representing a year-on-year increase of 15%[21]. - Revenue for the year ended December 31, 2023, was RMB 527,345,000, representing an increase of 13.9% compared to RMB 462,869,000 in 2022[40]. - The revenue of Pu'er Lancang Ancient Tea Co., Ltd. for the 2023 Financial Year amounted to RMB 527.3 million, representing a 13.9% increase compared to the 2022 Financial Year[60]. - In the 2023 Financial Year, the 1966 series achieved revenue of RMB 363.4 million, representing a growth of 20.6% compared to the 2022 Financial Year[65]. - The Tea Mama and Iland Tea series generated a total revenue of RMB 148.2 million in the 2023 Financial Year, reflecting a growth of 2.6% from the previous year[66]. - Sales revenue from distributors reached RMB 379.3 million, direct sales to customers amounted to RMB 121.7 million, and sales to key account channels were RMB 26.4 million, with respective growth rates of 13.2%, 4.6%, and 128.8% compared to the 2022 Financial Year[68]. Market Expansion and Strategy - The offline sales network covers over 150 cities in more than 29 provinces and municipalities in China, with continuous expansion in key account sales[7]. - The company has a comprehensive sales network that integrates both online and offline channels[7]. - Market expansion efforts have led to a 40% increase in distribution channels, now covering over 1,000 retail locations nationwide[21]. - A new marketing strategy focusing on digital platforms has resulted in a 50% increase in online sales compared to the previous year[21]. - The company plans to enhance its supply chain logistics, aiming to reduce delivery times by 20% by the end of 2024[21]. - The Company plans to expand its market presence and invest in new product development to drive future growth[38]. - The Company aims to optimize and expand its sales network to increase market share, focusing on both offline and online channels for different product lines[80]. Product Development and Quality - The company emphasizes stringent quality control measures and unique production techniques to ensure superior product quality[8]. - The product offerings include flavored tea, black tea, and white tea, catering to diverse consumer preferences[7]. - The company aims to meet evolving market demands by leveraging abundant stock levels and professional raw material inventory management[8]. - The company is investing RMB 50 million in R&D for new tea processing technologies aimed at enhancing product quality and efficiency[21]. - The Company will continue to develop quality-guaranteed products that meet consumer needs by leveraging its raw material advantages[86]. Financial Performance - Gross profit for the same period was RMB 353,118,000, up from RMB 304,997,000 in 2022, indicating a gross margin improvement[40]. - Profit for the year attributable to owners of the Company was RMB 80,080,000, a 10.3% increase from RMB 72,205,000 in the previous year[40]. - The Company reported a profit before income tax of RMB 92,349,000, which is an increase from RMB 85,449,000 in 2022[40]. - The net profit for the 2023 Financial Year was RMB 78.5 million, reflecting an 11.4% growth from the previous year[60]. - The Group's gross profit for 2023 was RMB 353.1 million, representing a growth of RMB 48.1 million or 15.8% from RMB 305.0 million in 2022, with a gross profit margin of 67.0%, up approximately 1.1% from 65.9% in the previous year[101]. Management and Governance - The company has a strong management team with diverse backgrounds in finance and accounting, enhancing its operational capabilities[194]. - The management team includes professionals with extensive experience in finance, production, and infrastructure, enhancing the company's operational capabilities[181][185]. - The company is committed to maintaining high standards of governance and independent oversight through its board of directors[196]. - The independent directors bring valuable insights and experience from various sectors, contributing to the company's strategic direction[195]. Future Outlook - The company has set a revenue guidance of RMB 1.5 billion for the next fiscal year, projecting a growth rate of 25%[21]. - Future strategies will focus on maximizing shareholder value and laying a solid foundation for long-term sustainable development[87]. - The company is exploring potential acquisitions in the organic tea sector to diversify its product offerings and enhance market presence[21]. - The company is actively expanding its market presence and exploring new strategies for growth, although specific figures were not provided in the documents[192].

智通财经APP数据显示，截止4月18日收盘，有37只股票创52周新高，其中爱高集团(00328)、澜沧古茶(06911)、中国秦发(00866)创高率位于前3位，分别为23.38%、23.10%、19.35%。另外有94只股票创52周新低，其中嘉泓物流(02130)、易居企业控股(02048)、三巽集团(06611)创低率位于前三位，分别为-30.07%、-29.51%、-23.33%。 52周新高排行 股票名称 收盘价 最高价 创高率 爱高集团(00328) 9.500 9.500 23.38% 澜沧古茶(06911) 15.700 15.880 23.10% 中国秦发(00866) 0.690 0.740 19.35% 龙辉国际控股(01007) 1.560 1.720 15.44% 米高集团(09879) 5.340 5.430 13.60% 大陆航空科技控股(00232) 0.122 0.123 12.84% 冠城钟表珠宝(00256) 1.020 1.500 11.11% 乐舱物流(02490) 9.510 13.080 10.85% 裕兴科技(08005) ...

Financial Performance - For the fiscal year ending December 31, 2023, the company's revenue increased to RMB 527.3 million, representing a growth of 13.9% compared to RMB 462.9 million in 2022[2] - The gross profit for the same period rose to RMB 353.1 million, reflecting a 15.8% increase from RMB 305.0 million in the previous year[2] - The profit attributable to the company's owners was RMB 80.1 million, marking a 10.9% increase from RMB 72.2 million in 2022[2] - Basic and diluted earnings per share for the year were RMB 1.26, up from RMB 1.15 in the prior year, indicating a growth of 9.6%[2] - The net profit before tax for the year was RMB 92.3 million, an increase of 8.1% from RMB 85.4 million in 2022[3] - In the fiscal year 2023, the company achieved a revenue of RMB 527.3 million and a net profit of RMB 78.5 million, representing growth of 13.9% and 11.4% respectively compared to fiscal year 2022[54] Assets and Liabilities - The total assets of the company as of December 31, 2023, amounted to RMB 1,627.98 million, an increase from RMB 1,410.90 million in 2022[4] - The company's inventory increased to RMB 841.4 million, up from RMB 783.7 million in the previous year, indicating a growth of 7.4%[4] - The total equity attributable to the company's owners rose to RMB 1,008.4 million, compared to RMB 794.2 million in 2022, reflecting a growth of 26.9%[4] - As of December 31, 2023, the company's total borrowings amounted to RMB 250.5 million, an increase from RMB 211.2 million in 2022[47] - Trade receivables increased to RMB 62,953,000 in 2023 from RMB 23,331,000 in 2022, representing a growth of 169.5%[33] - Deferred income increased to RMB 10.5 million in 2023 from RMB 9.1 million in 2022, primarily due to government subsidies received[45] Expenses - The cost of raw materials for the year ended December 31, 2023, was RMB 82,654,000, up from RMB 66,275,000 in 2022, representing a 24.8% increase[21] - Employee benefits expenses rose to RMB 106,991,000 in 2023 from RMB 103,104,000 in 2022, a growth of 2.8%[21] - Sales expenses increased by RMB 25.9 million to RMB 162.3 million in fiscal year 2023, attributed to higher sales volume and increased marketing expenses[69] - Administrative expenses rose by RMB 10.6 million to RMB 88.9 million in fiscal year 2023, reflecting increased listing costs and audit fees[70] Dividends and Share Capital - The company proposed a final dividend of RMB 0.37 per share for the fiscal year 2023[2] - The proposed final dividend for 2023 is RMB 0.37 per share, significantly higher than RMB 0.10 per share in 2022, resulting in a total cash dividend amount of RMB 31,080,000 compared to RMB 6,300,000 in 2022[30] - The company's issued share capital increased to 84,000,000 shares as of December 31, 2023, from 63,000,000 shares at the beginning of 2022, reflecting a growth of 33.3%[41] Market and Sales Performance - Revenue from tea product sales for the year ended December 31, 2023, was RMB 495,584,000, an increase of 15.5% from RMB 429,002,000 in 2022[18] - The 1966 product line generated revenue of RMB 363.4 million in fiscal year 2023, marking a 20.6% increase from fiscal year 2022[55] - The combined revenue from the Tea Mama and Yan Leng product lines reached RMB 148.2 million in fiscal year 2023, reflecting a growth of 2.6% compared to fiscal year 2022[56] - Online sales contributed 12.3% to total revenue in fiscal year 2023, which is a 19.2% increase from the previous year[59] - Sales to distributors amounted to RMB 379.3 million, direct sales to consumers were RMB 121.7 million, and sales to large customer channels reached RMB 26.4 million, with respective growth rates of 13.2%, 4.6%, and 128.8%[58] Corporate Governance and Compliance - The audit committee reviewed the consolidated financial statements for the fiscal year 2023 and confirmed compliance with relevant accounting standards[104] - The board of directors consists of six executive directors and three independent non-executive directors[106] - There were no significant acquisitions or disposals of major investments, subsidiaries, or joint ventures as of December 31, 2023[89] Future Outlook and Strategy - The company expects that 100% of the contract liabilities balance as of December 31, 2023, will be recognized as revenue in the next fiscal year[20] - The company plans to leverage the funds raised from its H-share listing to enhance brand strength and optimize its marketing network[52] - The company aims to optimize its sales network and expand both online and offline channels to increase market share and customer engagement[63] - The company plans to enhance brand visibility and market presence through differentiated strategies and integrated online and offline promotional activities targeting younger consumers[61]