Financing and Loans - The company has successfully negotiated to extend the repayment of related party loans to April 22, 2025, and has received written confirmations from all relevant banks for loan renewals[5]. - As of the reporting period, the company has obtained written confirmations from several banks to renew RMB 60 million of bank loans, which are now due in the second year[6]. - The company has received an additional loan of RMB 50 million after the reporting period, with a term of approximately one year[9]. - The company has successfully renewed RMB 40 million of loans before the due date and repaid RMB 10 million[14]. - The company has received letters of intent from banks indicating their willingness to renew the remaining RMB 128 million of bank loans, subject to formal approval[7]. Production and Operational Performance - The production volume in the processed food segment increased by approximately 7.0% during the five months from January 1, 2024, to May 31, 2024, compared to the same period in 2023[14]. - The production volume in the refrigerated and frozen chicken segment increased by approximately 20.6% during the same five-month period[14]. Future Plans and Strategies - The company plans to improve operational efficiency and expand its production capacity to enhance future profitability and cash flow[10]. - The company plans to expand its cold storage facilities to enhance rapid cooling and storage capacity, with completion expected by July 2024[16]. - Cost control measures are being strengthened, with a board restructuring and salary adjustments completed in January 2024, leading to anticipated lower expenses compared to 2023[16]. Going Concern and Financial Health - The audit committee agrees with management's assessment that the company can operate on a going concern basis[13]. - Management believes that the financing and business plans will be successful, ensuring sufficient working capital to meet financial obligations[10]. - The company believes it can operate on a going concern basis and has effective measures in place to improve its financial condition[15]. - The auditor will focus on the appropriateness and effectiveness of the measures implemented, particularly regarding related party loans and debt restructuring plans[15]. - The company expects to provide sufficient audit evidence to the auditor to demonstrate adequate operating funds for at least the next 12 months[15].
康大食品(00834) - 2024 - 年度业绩