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智升集团控股(08370.HK)今早复牌
Ge Long Hui· 2025-08-22 01:09
格隆汇8月22日丨智升集团控股(08370.HK)发布公告,该公司的股份将于今天(22/8/2025)上午九时正起 恢复买卖。 ...
智升集团控股(08370) - (1) 有关根据特别授权发行可换股债券的进一步补充协议;(2) 修订...
2025-08-21 09:37
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之任何損失承擔任何責任。 ZHI SHENG GROUP HOLDINGS LIMITED 智 昇 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︰8370) (1)有關根據特別授權發行可換股債券的進一步補充協議; (2)修訂可換股債券條款; 及 (3)恢復買賣 茲提述(i)智昇集團控股有限公司(「本公司」)日期分別為2025年3月27日及2025年 7月25日之公告(「該等公告」)及本公司日期為2025年4月30日之通函(「該通函」), 內容有關(其中包括)認購及建議發行可換股債券以及就(其中包括)延長最後截止 日期而訂立之認購協議補充協議(「第一份補充協議」)。除文義另有所指外,本公 告所用詞彙與該通函及該等公告所界定者具有相同涵義。 進一步補充協議 於2025年8月21日,本公司與認購人訂立認購協議及第一份補充協議之進一步補 充協議(「進一步補充協議」),據此(其中 ...
智升集团控股(08370) - 短暂停牌
2025-08-21 00:52
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 之 任 何 損 失 承 擔 任何 責 任。 ZHI SHENG GROUP HOLDINGS LIMITED 智 昇 集 團 控 股 有 限 公 司 應智 昇 集團 控 股有 限公 司(「本公司 」)要求,本公 司 股份 在 2025 年 8 月 21 日(星 期四 )上午 9 時 正起 於 香港 聯 合交 易所 有 限公 司 GEM 短暫 停 牌,以待 刊發 有 關本 公 司內 幕消 息 的公 告 。 承董 事 會命 智昇集團控股有限公司 行政 總 裁兼 執 行董 事 賴寧寧 香港 , 2025 年 8 月 21 日 於 本 公 告 日 期 , 本 公 司 董 事 會 由 執 行 董 事 賴 寧 寧 先 生 、 易 聰 先 生 、 梁 興 軍 先生 及 馬明 輝 先 生;非執 行 董 ...
智昇集团控股(08370)8月21日起短暂停牌
智通财经网· 2025-08-21 00:49
智通财经APP讯,智昇集团控股(08370)发布公告,该公司的股份将于2025年8月21日上午九时正起短暂 停止买卖。 ...
智升集团控股(08370) - 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 08:45
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: 智昇集團控股有限公司 呈交日期: 2025年8月4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) | 08370 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 300,000,000 | HKD | | 0.1 | HKD | | 30,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 300,000,000 | HKD | | 0.1 | HKD | | 30,000,000 | 本月底法定/註冊股本總額: HK ...
智昇集团控股(08370)拟发行本金总额最高为2000万港元的可换股债券
智通财经网· 2025-06-19 13:22
Group 1 - The company has entered into a subscription option agreement with a grantor to acquire all option shares and transfer shareholder loans for a consideration of HKD 1.00 [1] - A refundable deposit of HKD 19.1 million will be paid by the company upon signing the subscription option agreement, which will be used to partially pay the option purchase price if the option is exercised [1] - The company has the right to issue a written termination notice to the grantor if certain conditions are not met, and the grantor must refund the deposit within 30 business days of the termination notice [1] Group 2 - On June 19, 2025, the company entered into a placement agreement with a placement agent to facilitate the subscription of convertible bonds totaling up to HKD 20 million [2] - Assuming the initial conversion price of HKD 6.4 per share is fully exercised, the company will issue up to 3.125 million shares, representing approximately 2.03% of the total issued shares as of the announcement date [2] - The initial conversion price of HKD 6.4 represents a premium of approximately 10.15% over the closing price of HKD 5.81 on the date of the placement agreement [2]
智升集团控股(08370) - 2025 - 中期财报
2025-02-28 09:31
Financial Performance - The group reported revenue of RMB 44,631,000 for the six months ended December 31, 2024, representing a 24% increase from RMB 36,051,000 in the same period of 2023[3]. - Gross profit for the same period was RMB 12,217,000, up 117% from RMB 5,611,000 year-on-year[3]. - Operating loss decreased to RMB 1,613,000, compared to a loss of RMB 5,884,000 in the previous year, indicating improved operational efficiency[3]. - The group recorded a net loss of RMB 2,892,000 for the period, significantly reduced from RMB 11,385,000 in the prior year[4]. - Basic and diluted loss per share improved to RMB 2.15 from RMB 12.55 year-on-year[4]. - The group reported a loss before tax of RMB 2,871,000, significantly improved from a loss of RMB 11,385,000 in the previous year[19]. - The company reported a loss of RMB 11,385,000 for the six months ended December 31, 2023, compared to a loss of RMB 2,019,000 for the same period in 2024[9]. - The company achieved revenue of approximately RMB 44.6 million during the reporting period, an increase of about RMB 8.6 million or approximately 23.8% compared to the same period last year[86]. Assets and Liabilities - Total assets as of December 31, 2024, were RMB 59,885,000, an increase from RMB 54,809,000 as of June 30, 2024[6]. - The group’s total equity rose to RMB 31,327,000 from RMB 20,335,000, indicating a stronger financial position[7]. - Non-current liabilities decreased significantly to RMB 10,903,000 from RMB 20,543,000, showing reduced long-term financial obligations[7]. - Total liabilities for the group decreased slightly to RMB 61,334,000 as of December 31, 2024, from RMB 68,829,000 as of June 30, 2024[21]. - The group’s current ratio was approximately 1.2 as of December 31, 2024, compared to 1.1 as of June 30, 2024[103]. - The debt-to-equity ratio was approximately 1.33, a decrease from 2.27 as of June 30, 2024[115]. Cash Flow and Liquidity - Cash and cash equivalents increased to RMB 28,330,000 from RMB 22,076,000, reflecting better liquidity management[6]. - The company’s cash and cash equivalents at the end of the period were RMB 28,330,000, a decrease from RMB 34,804,000 at the beginning of the period[12]. - Operating cash flow before changes in working capital improved to RMB 646,000 in 2024 from a loss of RMB 4,081,000 in 2023[11]. - The company experienced a decrease in inventory, resulting in a cash inflow of RMB 8,268,000 for the six months ended December 31, 2024[12]. Revenue Segments - Revenue from the furniture manufacturing and sales segment increased to RMB 35,513,000 in the six months ended December 31, 2024, compared to RMB 25,055,000 in the same period last year, representing a growth of 41.7%[19]. - The data center segment generated a total revenue of RMB 9,118,000, down from RMB 10,996,000 in the previous year, reflecting a decrease of 16.1%[19]. - Sales of furniture products contributed RMB 35,513,000, up 42% from RMB 25,055,000 in the previous year[30]. - The data center division reported revenue of approximately RMB 9.1 million, a decrease of about RMB 1.9 million or approximately 17.1% year-on-year, primarily due to a decline in server rack rental and related services[88]. Expenses and Costs - The company’s financing costs decreased significantly to RMB 1,258,000 in 2024 from RMB 5,501,000 in 2023[11]. - The company’s depreciation expense for right-of-use assets was RMB 622,000 for the six months ended December 31, 2024, compared to RMB 1,661,000 in 2023[11]. - Sales and distribution expenses for the reporting period were approximately RMB 3.6 million, an increase of about RMB 0.1 million or approximately 2.8% year-on-year[95]. - The group’s administrative and other expenses during the reporting period were approximately RMB 7.9 million, a decrease of about RMB 1.7 million or 17.8% compared to the same period last year[96]. Credit and Receivables - Trade receivables increased to RMB 16,604,000 as of December 31, 2024, compared to RMB 9,997,000 as of June 30, 2024[37]. - The expected credit loss for trade receivables increased to RMB 13,482,000 as of December 31, 2024, compared to RMB 6,532,000 as of June 30, 2024, reflecting a higher risk profile[42]. - The expected credit loss ratio for overdue receivables over 6 months is 100%, with a total value of RMB 3,654,000, indicating a complete write-off[44]. - The expected credit loss for the data center division's trade receivables was RMB 1,428,000 as of December 31, 2024, with a loss ratio of 70.17%, down from 84% previously[45]. Share Capital and Stock Options - The total issued and paid-up ordinary shares as of December 31, 2024, is 139,364,371, with a capital of RMB 12,583,000[63]. - The total number of unexercised stock options is 10,200,000, with an exercise price of HKD 3.5[55]. - The stock option plan has 6,500,000 shares available for issuance, representing about 4.66% of the issued shares[157]. - The company has not granted any stock options under the plan during the reporting period[157]. Management and Governance - The company appointed a new CEO, Lai Ningning, on December 23, 2024, following the resignation of the previous CEO[175]. - The audit committee reviewed the unaudited consolidated financial statements for the six months ending December 31, 2024, confirming compliance with applicable accounting standards[172]. - The company has maintained compliance with the corporate governance code as per GEM listing rules throughout the reporting period[179]. Future Plans and Strategies - The company aims to stabilize its market share by focusing resources on the southwestern region of China, particularly Sichuan Province[73]. - The company plans to optimize supply chain management and reduce inventory and accounts receivable losses to improve operational efficiency[83]. - The group aims to expand its service offerings in the data center segment, including cloud computing and big data analysis, to create additional revenue streams[84]. - The company is exploring online sales channels to broaden its customer base, targeting hotels, schools, and small businesses[83].
智升集团控股(08370) - 2025 - 中期业绩
2025-02-27 22:14
Financial Performance - Revenue for the six months ended December 31, 2024, was RMB 44,631,000, representing a 24% increase from RMB 36,051,000 in the same period of 2023[4] - Gross profit increased to RMB 12,217,000, up 117% from RMB 5,611,000 year-on-year[4] - Operating loss narrowed to RMB 1,613,000 compared to a loss of RMB 5,884,000 in the previous year, indicating improved operational efficiency[4] - Loss before tax decreased significantly to RMB 2,871,000 from RMB 11,385,000 in the prior period, reflecting a 75% reduction[4] - Basic and diluted loss per share improved to RMB 2.15 from RMB 12.55, showing a substantial recovery in earnings performance[6] - The company reported a total loss of RMB 2,019,000, compared to a loss of RMB 11,385,000 for the same period in 2023, indicating a significant improvement in performance[11] - The company reported a loss before tax of RMB 2,871,000 for the six months ended December 31, 2024, compared to a loss of RMB 11,385,000 in 2023, indicating an improvement[22] - The company reported a significant reduction in administrative expenses for the furniture segment, contributing to overall revenue growth despite a decline in original business sales[62] - The group reported a loss attributable to owners of approximately RMB 2.0 million during the reporting period, compared to a loss of RMB 11.4 million in the same period last year[87] Assets and Liabilities - Total assets as of December 31, 2024, were RMB 59,885,000, an increase from RMB 54,809,000 as of June 30, 2024[8] - Non-current liabilities decreased to RMB 10,903,000 from RMB 20,543,000, reflecting a reduction in financial obligations[9] - The company reported a net asset value of RMB 31,327,000, up from RMB 20,335,000, indicating growth in shareholder equity[9] - The total equity attributable to the owners of the company decreased to RMB 31,662,000 as of December 31, 2024, down from RMB 47,349,000 as of July 1, 2023[11] - The group's total equity attributable to owners was approximately RMB 31.7 million as of December 31, 2024, compared to RMB 19.8 million as of June 30, 2024[91] - The debt-to-equity ratio as of December 31, 2024, was approximately 1.33 times, a decrease from 2.27 times as of June 30, 2024[92] Cash Flow and Liquidity - Cash and cash equivalents rose to RMB 28,330,000 from RMB 22,076,000, indicating a stronger liquidity position[8] - The company's cash flow from operating activities showed a net outflow of RMB 4,332,000 for the six months ended December 31, 2024, compared to a net inflow of RMB 4,146,000 in the same period of 2023[14] - The company's cash and cash equivalents at the end of the period increased to RMB 28,330,000 from RMB 34,804,000 at the end of the previous period[14] - As of December 31, 2024, the group's net current assets were approximately RMB 9.5 million, an increase from RMB 6.5 million as of June 30, 2024, with cash and bank balances amounting to approximately RMB 28.3 million[88] Revenue Segments - Furniture sales revenue increased to RMB 35,513,000 in 2024 from RMB 25,055,000 in 2023, representing a growth of 41.5%[22] - Data center segment revenue decreased to RMB 9,118,000 in 2024 from RMB 10,996,000 in 2023, a decline of 16.1%[22] - Revenue from external customers in mainland China was RMB 44,603,000 in 2024, up from RMB 36,023,000 in 2023, an increase of 23.8%[31] - The furniture manufacturing and sales segment achieved revenue of approximately RMB 35.5 million, an increase of about RMB 10.5 million or approximately 41.7% year-on-year[60] - The data center division reported revenue of approximately RMB 9.1 million, a decrease of about RMB 1.9 million or approximately 17.1% year-on-year, primarily due to reduced IT spending from corporate clients[74] Inventory and Receivables - The company reported a decrease in inventory of RMB 8,268,000 for the six months ended December 31, 2024, compared to a decrease of RMB 133,000 in the same period of 2023[13] - Trade receivables increased to RMB 16,604,000 as of December 31, 2024, compared to RMB 9,997,000 as of June 30, 2024[43] - The net amount of trade receivables after provisions was RMB 10,154,000, up from RMB 3,422,000 in the previous period[44] - The aging analysis of trade receivables shows that RMB 9,228,000 is within three months, while RMB 7,376,000 is overdue by more than three months[45] Credit Losses and Provisions - The expected credit loss for the furniture manufacturing and sales segment is RMB 13,482,000, an increase from RMB 6,532,000 as of June 30, 2024[47] - The expected credit loss for the data center segment's trade receivables is RMB 1,428,000, with an expected loss rate of 70.17% as of December 31, 2024[51] - The company recorded a provision for expected credit losses of RMB 10,965,000 for deposits and other receivables as of December 31, 2024[54] - The provision for expected credit losses for quality assurance deposits is RMB 972,000, with an expected loss rate of 89.4%[50] Corporate Developments - The company has established a new subsidiary, 尚誠智能家居, which is 51% controlled by 萬諾通, aimed at diversifying the furniture business and stabilizing group revenue[59] - The company has set up sales offices in Chengdu and Chongqing to enhance its market presence in the domestic furniture market[59] - The company plans to focus on expanding marketing channels and enhancing brand influence in key markets, particularly in the southwestern region of China[68] - The company aims to establish a customer feedback mechanism and improve after-sales service to enhance customer trust in the brand[68] - The company is cautiously optimistic about the recovery of the furniture market, despite the ongoing downturn in the real estate sector[68] Legal and Compliance Matters - The Beijing Chaoyang Public Security Bureau has initiated an investigation into the Zhongzhi system, which includes Zhongzhi International Investment Holdings Group and Zhongzhi Automobile Anhui[97] - The group has filed lawsuits and obtained pre-litigation preservation of assets against the borrower and its subsidiaries, with a court ruling on June 20, 2024, requiring the defendants to pay property mortgage fees and interest[102] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated financial statements for the six months ending December 31, 2024[128] - The company has adopted GEM Listing Rules as its code of conduct for directors' securities transactions, confirming compliance by all directors[129] - Changes in the board of directors included the resignation of the CEO and the appointment of a new CEO on December 23, 2024[130] Employee and Operational Changes - The total employee cost for the six months ending December 31, 2024, was approximately RMB 9.78 million, an increase from RMB 6.01 million in the same period of 2023, primarily due to the addition of a new subsidiary[117] - The company has 200 employees as of December 31, 2024, compared to 137 employees a year earlier[117]
智升集团控股(08370) - 2024 - 年度财报
2024-09-20 13:52
Real Estate Market Performance - For the period ending June 30, 2024, the real estate development investment in China was CNY 608.77 billion, a year-on-year decrease of 10.2%[7] - The sales area of newly built commercial housing was 541.49 million square meters, down 18.6% year-on-year, with residential sales area decreasing by 21.1%[7] - The sales revenue of newly built commercial housing was CNY 533.30 billion, a decline of 24.3%, with residential sales revenue dropping by 25.9%[7] - The real estate market remains sluggish, impacting the demand for furniture due to a decrease in the number of new commercial building developments[7] Company Strategy and Market Focus - The company is focusing on the southwestern regions of China, including Sichuan, Chongqing, and Tibet, to stabilize market share[7] - The company is actively exploring new market opportunities and expanding its customer base, targeting hotels, schools, and small businesses[13] - The company is committed to developing existing customer potential and assisting them in expansion, despite challenges in acquiring new clients post-pandemic[9] - The company aims to diversify its furniture operations to mitigate risks associated with market volatility and stabilize group revenue[18] Financial Performance and Challenges - The company reported a significant asset impairment loss of approximately RMB 49.8 million due to a borrower’s failure to repay loans, impacting financial stability[10] - The company has fully recognized investment loss provisions of approximately RMB 9.5 million for overdue financial products, reflecting a cautious financial approach[12] - The company recorded a loss of approximately RMB 38.5 million for the reporting period, an improvement from a loss of RMB 79.2 million in the previous year[27] - The company’s income decreased by approximately 48.1% year-on-year, while the cost of sales decreased by approximately 46.2%[50] Revenue and Sales Performance - The company's furniture sales revenue was approximately RMB 37.1 million, a decrease of about RMB 11.2 million or approximately 23.1% compared to the same period last year[21] - Revenue from the furniture manufacturing and sales segment was approximately RMB 37.1 million, down RMB 11.2 million or about 23.1% year-on-year, primarily due to a significant decline in the southwestern region's market[33] - The data center segment generated revenue of approximately RMB 20.4 million, a decrease of about RMB 3.3 million or approximately 13.9% year-on-year[25] - The data center segment's revenue decline is attributed to increased market competition and customer retention challenges due to the pandemic[25] Cost Management and Operational Efficiency - The company has implemented strict cost control measures and actively collected overdue accounts receivable, achieving some positive results[7] - The group implemented cost reduction and efficiency improvement measures, including negotiating rental price discounts with suppliers for server racks[37] - The group's sales cost for the reporting period was approximately RMB 53.8 million, a decrease of about RMB 46.2 million or 46.2% compared to the same period last year[37] - The group’s administrative and other expenses during the reporting period amounted to approximately RMB 26.1 million, a decrease of about RMB 56.8 million or approximately 68.5% compared to the same period last year[45] Corporate Governance and Management - The company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15, with the exception of the separation of roles between the Chairman and the CEO, which has not been fulfilled since September 2018[96] - The company emphasizes effective communication and strong leadership during the transitional period, despite the dual role of the CEO as Chairman[96] - The board consists of eight members, including four executive directors, one non-executive director, and three independent non-executive directors, ensuring a diverse governance structure[100] - The company has appointed three independent non-executive directors, constituting over one-third of the board, ensuring sufficient independence to protect shareholder interests[105] Risk Management - The company identified and categorized major risks as strategic, compliance, operational, and financial risks during the reporting period[150] - The internal audit team conducted a series of daily audits and assessments to identify and evaluate the company's risks, reporting findings to the audit committee and board[145] - The company aims to strengthen its risk management and internal control systems based on the internal audit team's recommendations[152] - The board believes that the main risk factors related to the company have been disclosed in the prospectus and summarized in the report[161] Shareholder and Capital Management - The company plans to issue convertible bonds with a total principal amount of USD 8 million, which will mature 30 months from the issuance date, with a conversion price of HKD 0.50 per share[62] - The company has confirmed the issuance of convertible bonds totaling HKD 12.4 million at an initial conversion price of HKD 0.683 per share, which will result in the issuance of approximately 18,155,197 shares, representing about 20.01% of the total shares outstanding as of the report date[89] - The board has resolved not to recommend the payment of any interim or final dividends for the year ending June 30, 2024[166] - The company has no outstanding interest-bearing bank loans as of June 30, 2024[66] Environmental and Social Responsibility - The group has implemented various environmental protection measures to minimize its impact on the environment, complying with all applicable regulations[83] - The company is committed to maintaining high standards of corporate governance and business practices throughout its operations[96] - The company has adopted a board diversity policy, considering various factors such as age, cultural and educational background, professional experience, skills, and knowledge[129]
智升集团控股(08370) - 2024 - 年度业绩
2024-09-20 09:58
Financial Performance - For the fiscal year ending June 30, 2024, total revenue was RMB 57,476,000, a decrease from RMB 110,831,000 in the previous year, representing a decline of approximately 48%[2] - The gross loss for the year was RMB 31,461,000, compared to a gross loss of RMB 73,484,000 in the previous year, indicating an improvement of about 57%[2] - The net loss for the year was RMB 38,911,000, which is a significant reduction from RMB 79,196,000 in the previous year, reflecting a decrease of approximately 51%[2] - The company reported a total loss of approximately HKD 38,911,000 for the year ending June 30, 2024[7] - The company’s total comprehensive loss for the year was RMB 33,041,000, compared to RMB 84,176,000 in the previous year, indicating a decrease of about 61%[2] - The group reported a loss before tax of RMB 38,856,000 in 2024, significantly improved from a loss of RMB 83,364,000 in 2023[10] - The group reported a loss attributable to equity holders of approximately RMB 38.5 million, a decrease from RMB 79.2 million in the same period last year[70] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 54,809,000, down from RMB 144,990,000 in the previous year, a decline of about 62%[3] - Current liabilities decreased to RMB 48,286,000 from RMB 126,732,000, representing a reduction of approximately 62%[4] - The total liabilities of the group decreased to RMB 68,829,000 in 2024 from RMB 126,732,000 in 2023[12] - The company’s goodwill decreased to RMB 21,073,000 from RMB 23,109,000, a reduction of approximately 9%[3] - The company has convertible bonds amounting to HKD 4,771,000 as of June 30, 2024[5] - The company’s total liabilities amounted to RMB 64,490,000 in 2024, down from RMB 121,252,000 in 2023[44] Cash and Cash Equivalents - Cash and cash equivalents decreased to RMB 22,076,000 from RMB 33,761,000, a decline of about 35%[3] - The company’s cash and cash equivalents decreased from RMB 33,761,000 in 2023 to RMB 22,076,000 in 2024, reflecting a tighter liquidity position[44] - The group’s cash and cash equivalents were RMB 1,858,000 in 2024, compared to RMB 5,485,000 in 2023[12] Revenue Breakdown - The furniture segment generated revenue of RMB 37,124,000 in 2024, a decrease of 23.0% from RMB 48,255,000 in 2023[10] - The data center segment reported revenue of RMB 20,352,000 in 2024, down 13.0% from RMB 23,648,000 in 2023[10] - The construction management services segment had no revenue in 2024, compared to RMB 38,928,000 in 2023[10] - Revenue from external customers in China decreased to RMB 57,435 thousand in 2024 from RMB 110,778 thousand in 2023, representing a decline of approximately 48.2%[16] - Revenue from the furniture segment's major customer decreased to RMB 37,124 thousand in 2024 from RMB 48,255 thousand in 2023, a decline of about 23.0%[17] Expenses and Costs - The group’s sales cost was approximately RMB 53.8 million, a decrease of about RMB 46.2 million or 46.2% compared to the previous year[60] - The sales cost for the furniture manufacturing and sales segment was approximately RMB 35.5 million, down about RMB 8.0 million or approximately 18.4% year-on-year[60] - The sales cost for the data center division during the reporting period was approximately RMB 18.3 million, a decrease of about RMB 2.9 million or approximately 13.5% compared to the same period last year[61] - The group's administrative and other expenses amounted to approximately RMB 26.1 million, a decrease of about RMB 56.8 million or approximately 68.5% compared to the same period last year[66] Tax and Loss Provisions - The company recognized a tax expense of RMB 55,000 for the year ended June 30, 2024, compared to a tax expense of RMB (4,168,000) in 2023, indicating a significant improvement in tax position[25] - The company has unutilized tax losses of RMB 48,787,000 as of June 30, 2024, which can be offset against future profits within five years[25] - The total expected credit loss for trade receivables is RMB 6,532,000, down from RMB 9,940,000 in 2023[33] Corporate Governance and Compliance - The company has been adhering to the corporate governance code, with some deviations noted regarding the separation of roles between the chairman and the CEO[104] - The company is in the process of identifying a suitable candidate to fill the chairman position, which has been vacant since September 2018[104] - The external auditor, Zhonghui Anda CPA Limited, confirmed that the consolidated financial statements fairly reflect the group's financial position as of June 30, 2024[102] Future Outlook and Strategy - The company aims to diversify its operations and stabilize revenue through investments in new ventures, including the establishment of a subsidiary focused on furniture manufacturing[45] - The company plans to focus resources on expanding marketing channels and enhancing brand influence, particularly in the southwestern market, while considering expansion into other regions when conditions permit[52] - The company intends to develop personalized and fashionable furniture products targeting young consumers and convenient, suitable furniture for elderly consumers[53] - The company aims to establish its own data center to reduce reliance on external suppliers and enhance competitiveness[55] Employee and Operational Changes - The company has a total of 142 employees as of June 30, 2024, down from 180 employees a year earlier[97] - Total employee cost for the reporting period is approximately RMB 14.6 million, down from RMB 18.3 million in the same period last year[97] Market Conditions - The overall demand in the furniture industry remains weak, leading to intensified market competition, with consumer purchasing habits significantly changing towards online shopping[46] - The overall market recovery in Guizhou and Yunnan provinces has not yet yielded positive results[47] Shareholder Information - The annual general meeting of shareholders is scheduled for October 14, 2024[107] - The company will suspend the processing of share transfer registration from October 8, 2024, to October 14, 2024, to determine the rights of shareholders attending the annual general meeting[107]