Financial Performance - For the six months ended June 30, 2021, the group recorded unaudited revenue of approximately RMB 38.0 million, an increase of about 50.2% compared to RMB 25.3 million for the same period in 2020[4] - The group reported an unaudited loss of approximately RMB 1.0 million for the six months ended June 30, 2021, a significant improvement from an unaudited loss of RMB 5.8 million for the same period in 2020[4] - Basic loss per share for the six months ended June 30, 2021, was RMB 0.1, compared to RMB 0.64 for the same period in 2020[4] - Gross profit for the six months ended June 30, 2021, was RMB 11.1 million, up from RMB 5.6 million in the same period of 2020[8] - The company's total revenue for the six months ended June 30, 2021, was RMB 38,009 thousand, compared to RMB 25,349 thousand for the same period in 2020, indicating an overall growth of 49.6%[34] - The group reported a loss attributable to owners of the company of RMB 994,000 for the six months ended June 30, 2021, compared to a loss of RMB 5,345,000 for the same period in 2020, indicating a reduction in losses[50] Dividend and Shareholder Information - The board of directors resolved not to declare an interim dividend for the six months ended June 30, 2021, consistent with the previous year[4] - The group did not declare an interim dividend for the six months ended June 30, 2021, consistent with no dividend declared for the same period in 2020[47] - As of June 30, 2021, the company’s major shareholder, Mr. Lin, holds 433,400,000 shares, representing 50.99% of the company’s equity[133] - The company’s major shareholder, Neo Concept, is fully owned by Mr. Lin, who is deemed to have an interest in all shares held by Neo Concept[133] Cash Flow and Assets - The group's cash and cash equivalents as of June 30, 2021, were RMB 27.2 million, down from RMB 31.4 million as of December 31, 2020[10] - The net cash used in operating activities for the six months ended June 30, 2021, was RMB (3,017) thousand, an improvement compared to RMB (7,584) thousand for the same period in 2020[23] - The company reported a net cash decrease of RMB (4,090) thousand for the six months ended June 30, 2021, compared to a decrease of RMB (4,248) thousand in the same period of 2020[24] - The total cash and cash equivalents at the end of the period were RMB 27,177 thousand, down from RMB 31,366 thousand at the beginning of the period[24] - As of June 30, 2021, the group's current assets net value was approximately RMB 44.4 million, compared to approximately RMB 43.6 million as of December 31, 2020, with cash and bank balances of approximately RMB 27.2 million[93] Revenue Sources - Revenue from the sale of printed products increased to RMB 14,513 thousand for the six months ended June 30, 2021, up from RMB 8,703 thousand in the same period of 2020, representing a growth of 66.5%[34] - Revenue from the sale of lines increased to RMB 13,225 thousand for the six months ended June 30, 2021, compared to RMB 5,115 thousand in the same period of 2020, marking a growth of 158.5%[34] - Revenue from major customer A increased to RMB 10,477,000 in the six months ended June 30, 2021, compared to RMB 4,508,000 in the same period of 2020, representing a growth of 132.5%[40] Expenses and Cost Management - Total employee costs decreased to RMB 9,673,000 in the six months ended June 30, 2021, from RMB 11,954,000 in the same period of 2020, reflecting a decrease of 19.1%[47] - Distribution and sales expenses decreased from approximately RMB 2.0 million for the six months ended June 30, 2020, to approximately RMB 1.8 million for the six months ended June 30, 2021[87] - Administrative expenses reduced from approximately RMB 10.7 million for the six months ended June 30, 2020, to approximately RMB 9.5 million for the six months ended June 30, 2021, mainly due to cost-cutting measures implemented during the period[88] Investments and Future Plans - The company plans to invest more resources in identifying potential clients in China and exploring opportunities with domestic and overseas apparel brands to increase sales and profitability[82] - The company will continue to explore new business opportunities to broaden revenue sources, including selling apparel products through various channels[82] - The company has allocated HKD 8.0 million for developing the apparel trading business, with HKD 0.8 million already utilized and HKD 7.2 million remaining[123] Corporate Governance and Compliance - The company has adopted a code of conduct for directors regarding securities trading, with no known breaches during the reporting period[144] - The company maintained high standards of corporate governance, complying with all significant aspects of the corporate governance code during the six months ended June 30, 2021[145] - No directors had any significant interests in contracts of major significance to the group during the reporting period[146] - There were no known competitive interests from major shareholders or their associates that could conflict with the group's business during the reporting period[150] Risks and Market Conditions - Key risks include reliance on customer demand, potential labor shortages, and the inability to keep pace with technological advancements in the apparel accessories industry[115] - The outbreak of COVID-19 continues to create uncertainty in the global macroeconomic environment, potentially impacting the group's financial performance[151]
新达控股(08471) - 2021 - 中期财报