Financial Performance - The unaudited revenue for the six months ended June 30, 2024, was approximately RMB 22,317,000, a decrease of about 8.0% compared to RMB 24,250,000 for the same period in 2023[4] - The loss attributable to the owners of the company for the period was approximately RMB 14,725,000, compared to a loss of RMB 827,000 in the same period last year[5] - The basic and diluted loss per share for the period was RMB 4.14, compared to RMB 0.23 for the same period in 2023[6] - The total comprehensive income attributable to the owners of the company for the period was RMB 11,615,000, compared to RMB 13,736,000 in the same period last year[6] - The group reported a gross profit of RMB 15,432,000 for the period, compared to RMB 15,693,000 for the same period in 2023[6] - The operating loss for the period was RMB 12,552,000, compared to an operating profit of RMB 1,268,000 in the same period last year[6] - The total comprehensive income for the period was RMB (5,586) thousand, a significant decrease from RMB 13,736 thousand in the previous period[8] - The company recorded a loss of RMB (14,725) thousand for the period, compared to a loss of RMB (827) thousand in the same period last year[14] Assets and Liabilities - The net asset value as of June 30, 2024, was RMB 287,140,000, a decrease from RMB 292,726,000 as of December 31, 2023[7] - The total assets less current liabilities amounted to RMB 346,735,000 as of June 30, 2024, compared to RMB 351,611,000 as of December 31, 2023[7] - The company’s total liabilities included approximately RMB 65,557,000 in unallocated corporate liabilities[15] - The current ratio as of June 30, 2024, was approximately 7.1 times, down from 7.8 times as of December 31, 2023[26] - The debt-to-asset ratio was approximately 24.5% as of June 30, 2024, compared to 22.7% as of December 31, 2023[26] Revenue Breakdown - Interest income from lending activities was RMB 15,269 thousand, slightly up from RMB 15,242 thousand in the previous year, indicating a growth of 0.18%[12] - Revenue from the trading and processing of electronic components was RMB 7,048 thousand, down 21.73% from RMB 9,008 thousand in the same period last year[12] - Revenue from the processing and trading of electronic components decreased by approximately RMB 1,960,000 or 21.8% to about RMB 7,048,000, down from RMB 9,008,000 in 2023[22] - The interest income from the loan portfolio was approximately RMB 15,269,000, slightly up from RMB 15,242,000 in the previous year[22] - Revenue from the electronic components processing and trading business was approximately RMB 7,048,000, representing 31.6% of total revenue[23] Cash Flow and Expenses - The company reported a net cash outflow from operating activities of RMB (1,109) thousand for the six months ended June 30, 2024, compared to RMB (1,592) thousand in the same period of 2023[9] - The cash and cash equivalents at the end of June 30, 2024, were RMB 1,806 thousand, down from RMB 2,984 thousand at the end of June 30, 2023[9] - General and administrative expenses decreased by approximately RMB 4,658,000 or 32.2% to about RMB 9,824,000, down from RMB 14,482,000 in the previous year[22] - Financial expenses increased by approximately RMB 78,000 or 3.7% to RMB 2,173,000, compared to RMB 2,095,000 in the same period of 2023[22] - The fair value change of financial assets measured at fair value through profit or loss resulted in a loss of approximately RMB 18,160,000, compared to a gain of RMB 42,000 in the previous year[22] Dividend and Corporate Governance - The company does not recommend the payment of an interim dividend for the period[5] - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2024, consistent with the previous year[17] - The board of directors has confirmed adherence to the corporate governance code, with the exception of independent non-executive directors not attending all shareholder meetings[48] Employment and Staff Costs - As of June 30, 2024, the group employed 10 staff members in Hong Kong and China, with employee costs amounting to approximately RMB 615,000, a decrease from RMB 953,000 in 2023[33] Risk Management and Policies - The company has established credit policies and procedures to manage lending risks effectively[24] - The expected credit loss provision for receivables was approximately RMB 88,593,000, an increase from RMB 86,077,000 in the previous year, primarily due to adverse impacts from economic recession[25] Other Information - The company has no significant capital commitments as of June 30, 2024[29] - There were no major investments or acquisitions during the reporting period[30][31] - The company has no pledged assets as collateral for loans as of June 30, 2024[28] - The company has a stock option plan that has been in effect since November 15, 2019, with 157,000 options granted during the period, all of which have expired[39] - The fair value of the stock options granted on April 8, 2022, was estimated at approximately HKD 2,434,000 (equivalent to about RMB 1,975,000), which has been recognized as an expense in the profit and loss statement for the same period[40] - As of June 30, 2024, there were no significant changes in the interests of directors or major executives in the company's shares or related securities[41] - The audit committee, consisting of three independent non-executive directors, reviewed the group's financial reporting procedures and internal controls, finding them adequate for the period[44] - The company did not engage in any purchases, sales, or redemptions of its shares during the period[45] - The company has adopted the GEM Listing Rules regarding the trading of securities by directors, confirming compliance during the reporting period[47] - There are no significant events that occurred after the reporting period up to the date of this report[49]
皓文控股(08019) - 2024 - 中期业绩