Financial Performance - The group's unaudited revenue for the six months ended June 30, 2021, was approximately RMB 34,560,000, representing an increase of about 63.0% compared to RMB 21,197,000 for the same period in 2020[6] - The loss attributable to owners of the company for the six months ended June 30, 2021, was approximately RMB 1,014,000, compared to a loss of RMB 807,000 for the same period in 2020[6] - The basic and diluted loss per share for the six months ended June 30, 2021, was RMB 0.39, compared to RMB 0.38 for the same period in 2020[6] - The gross profit for the six months ended June 30, 2021, was RMB 19,533,000, compared to RMB 15,403,000 for the same period in 2020[9] - Operating profit for the six months ended June 30, 2021, was RMB 1,963,000, compared to RMB 1,545,000 for the same period in 2020[9] - The total comprehensive loss for the six months ended June 30, 2021, was RMB 5,260,000, compared to a total comprehensive income of RMB 5,219,000 for the same period in 2020[10] - The company reported a significant increase in sales costs, which rose to RMB 15,027,000 for the six months ended June 30, 2021, compared to RMB 5,794,000 for the same period in 2020[9] - The company recorded a total operating loss of RMB 1,059,000 for the period, compared to a loss of RMB 813,000 in the previous year[30] - The company reported a pre-tax loss of RMB 1,014,000 for the six months ended June 30, 2021, compared to a loss of RMB 807,000 in the same period of 2020, indicating an increase in losses[47] Cash Flow and Assets - The net cash generated from operating activities for the six months ended June 30, 2021, was RMB 7,230,000, compared to RMB 4,607,000 in 2020, representing a 56% increase[20] - The company reported a net cash decrease of RMB 4,127,000 for the six months ended June 30, 2021, compared to an increase of RMB 2,355,000 in the same period of 2020[20] - The cash and bank balances at June 30, 2021, stood at RMB 4,697,000, an increase from RMB 3,826,000 in 2020[20] - The company's non-current assets as of June 30, 2021, amounted to RMB 104,393,000, down from RMB 138,626,000 as of December 31, 2020[12] - The company's total assets less current liabilities as of June 30, 2021, were RMB 356,866,000, compared to RMB 360,046,000 as of December 31, 2020[14] - As of June 30, 2021, the company's current assets were approximately RMB 260,204,000, up from RMB 228,270,000 as of December 31, 2020[62] - The company's current ratio remained stable at approximately 33.7 times as of June 30, 2021, compared to 33.3 times as of December 31, 2020[62] Revenue Breakdown - Revenue from the sale of electronic components increased significantly to RMB 11,281,000 in 2021 from RMB 6,291,000 in 2020, marking an 80% growth[27] - Revenue from the electronic components processing and trading business increased by approximately RMB 4,990,000 or 79.3% to about RMB 11,281,000, driven by a rebound in demand in China[58] - The funeral services business generated revenue of approximately RMB 8,575,000, representing 24.8% of total revenue[61] - Sales from cemetery services amounted to RMB 8,575,000 in 2021, with no revenue reported in 2020[27] - Interest income from lending activities was RMB 14,704,000 for the six months ended June 30, 2021, slightly down from RMB 14,906,000 in 2020, indicating a decrease of 1.4%[27] - The company earned interest income from lending activities of approximately RMB 14,704,000, accounting for about 42.6% of total revenue[61] Expenses and Liabilities - Financial expenses, including interest on unsecured bonds, amounted to RMB 2,632,000 for the six months ended June 30, 2021, up from RMB 2,252,000 in 2020[38] - Total employee costs for the six months ended June 30, 2021, were RMB 1,015,000, a decrease from RMB 1,200,000 in the same period of 2020[38] - The company recorded a fair value loss on financial assets of RMB 3,367,000 for the six months ended June 30, 2021, compared to a loss of RMB 1,199,000 in 2020[35] - The financial assets recorded a fair value loss of RMB 3,367,000 for the six months ended June 30, 2021, compared to a loss of RMB 1,199,000 in 2020[30] - The total amount of trade payables as of June 30, 2021, was RMB 1,833,000, slightly down from RMB 1,904,000 as of December 31, 2020[54] Dividends and Share Options - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2021[6] - The company did not declare an interim dividend for the six months ended June 30, 2021, consistent with the previous year[46] - As of June 30, 2021, there are 21,460,000 unexercised share options under the share option plan, with an exercise price of HKD 0.20 per share[77] - No share options were granted, exercised, cancelled, or lapsed during the reporting period[78] Corporate Governance - The audit committee, established in July 2001, consists of three independent non-executive directors and reviews the group's financial reporting procedures and internal controls[83] - The company has adopted the GEM Listing Rules for the conduct of securities trading by directors[85] - The company and its subsidiaries did not engage in any arrangements that would benefit directors or key executives through the purchase of the company's shares or debt securities as of June 30, 2021[79] - There were no purchases, sales, or redemptions of the company's shares by the company or its subsidiaries during the reporting period[84] - The company has not applied any new standards or interpretations that have a significant impact on its financial performance during the reporting period[24] - No significant events occurred after the reporting period[91] Future Outlook - The company plans to continue investing in the electronic components business to achieve product upgrades and explore other potential investment opportunities[61] - The average credit period granted to customers remained between 90 to 120 days, unchanged from 2020[51] - The aging analysis of trade receivables showed that amounts overdue by more than 180 days were RMB 266,497,000 as of June 30, 2021, down from RMB 281,398,000 in December 2020[55]
皓文控股(08019) - 2021 - 中期财报