Financial Performance - Carson International Holdings recorded a consolidated revenue of approximately RMB 702.6 million for the six months ended June 30, 2021, representing an increase of about 43.5% compared to RMB 489.6 million for the same period in 2020[4]. - The gross profit for the same period was approximately RMB 249 million, with an average gross margin of 35.4%, compared to RMB 176.7 million and 36.1% in 2020, indicating a gross profit increase of about 40.9%[4]. - The net profit attributable to the owners of the company was approximately RMB 46.8 million, an increase of about RMB 32.7 million from RMB 14.1 million in 2020, primarily due to a one-time gain of RMB 24.4 million from the sale of a wholly-owned subsidiary[4]. - Profit before tax increased significantly to RMB 89,197,000, compared to RMB 26,226,000 in the previous year, marking a 239.5% growth[69]. - Net profit for the period was RMB 53,636,000, a substantial increase from RMB 6,620,000 in the prior year, reflecting a growth of 711.5%[69]. - Total comprehensive income for the period was RMB 53,222,000, compared to RMB 9,722,000 in the previous year, indicating a growth of 448.5%[69]. - Basic earnings per share rose to RMB 3.1 cents, compared to RMB 1.0 cent for the same period last year[75]. Revenue Segmentation - The manufacturing and trading of soft furniture segment achieved a total revenue of approximately RMB 361.9 million, a 21.7% increase from RMB 297.3 million in the same period last year[10]. - The property development segment recorded revenue of approximately RMB 284.7 million, a significant increase of about 79.1% from RMB 158.9 million in 2020, driven by increased property deliveries from existing projects[11]. - The manufacturing segment generated revenue of RMB 361,857,000, while the property development segment contributed RMB 284,667,000, and other services accounted for RMB 56,854,000[102]. - Revenue from residential properties increased to RMB 284,667,000, a 79.2% rise compared to RMB 158,931,000 in the prior year[113]. Cost and Expenses - For the six months ended June 30, 2021, the group's sales and distribution costs increased to approximately RMB 41,700,000, up from RMB 36,800,000 in the same period of 2020, representing an increase of approximately RMB 4,900,000[16]. - The ratio of sales and distribution costs to revenue decreased to approximately 5.9% in the first half of 2021, compared to approximately 7.5% in the same period of 2020[16]. - The total employee compensation for the first half of 2021 was approximately RMB 95,100,000, compared to RMB 81,500,000 for the same period in 2020[26]. Assets and Liabilities - As of June 30, 2021, the group had cash and cash equivalents totaling approximately RMB 282,500,000, down from RMB 297,700,000 as of December 31, 2020[18]. - The group's inventory as of June 30, 2021, was approximately RMB 110,800,000, an increase of approximately RMB 14,700,000 from RMB 96,100,000 as of December 31, 2020[20]. - The total assets as of June 30, 2021, amounted to RMB 4,083,077,000, slightly up from RMB 4,069,355,000 as of December 31, 2020[79]. - The total liabilities decreased from RMB 2,640,694,000 as of December 31, 2020, to RMB 2,590,194,000 as of June 30, 2021, indicating a reduction of approximately 1.9%[79]. - The company's net asset value increased to RMB 3,492,883,000 as of June 30, 2021, compared to RMB 3,439,661,000 at the end of 2020, reflecting a growth of about 1.5%[79]. Shareholder Information - As of June 30, 2021, the major shareholder, Mr. Zhu, holds approximately 38.03% of the company's issued shares, totaling 568,005,113 shares[35]. - As of June 30, 2021, the total number of shares available for issuance under the 2005 and 2015 share option plans was 10,850,000 shares and 116,232,298 shares, representing 0.7% and 7.8% of the issued shares, respectively[42]. - The company did not declare an interim dividend for the six months ended June 30, 2021, consistent with the previous period[58]. Strategic Initiatives - The company plans to continue expanding its property development projects, including the termination of a proposed water park project in Cambodia[11]. - The group will focus on the continuous development and sales delivery of existing projects in mainland China, while seeking new property development opportunities in promising overseas regions[30]. - The real estate project "Phnom Penh Carson Garden" in Cambodia has officially commenced construction, targeting the local middle-class population[30]. - The group anticipates significant economic benefits from the Phnom Penh project due to the growing middle class and increasing disposable income in Cambodia[30]. Challenges and Risks - The group faced challenges such as the continuous appreciation of the RMB and significant increases in international shipping costs, impacting overall profit margins[10]. - The company continues to assess the impact of COVID-19 on its operations and development plans, indicating ongoing strategic adjustments[99]. Corporate Governance - The company has adopted the corporate governance code as its regular governance practices and believes it has complied with the code provisions[52]. - The audit committee, composed of three independent non-executive directors, reviewed the accounting principles and practices adopted by the group for the six months ended June 30, 2021[54].
卡森国际(00496) - 2021 - 中期财报