Financial Performance - The company's revenue for the six months ended December 31, 2020, was approximately RMB 53,326,000, a decrease of about 19.3% compared to RMB 66,052,000 for the same period in 2019[3] - Operating loss for the same period was approximately RMB 13,535,000, improved from a loss of RMB 19,555,000 in the prior year[3] - Net loss attributable to shareholders for the six months was approximately RMB 13,603,000, compared to RMB 19,663,000 in the same period of 2019[3] - Basic and diluted loss per share for the period was RMB 1.31, compared to RMB 1.90 in the previous year[3] - Gross profit for the period was RMB 624,000, compared to RMB 177,000 in the same period of 2019[8] - The total comprehensive expenses for the six months ended December 31, 2020, amounted to RMB (18,387,000), compared to RMB (87,940,000) for the previous period, showing a reduction in losses[16] - The group recorded a net loss of RMB 13,603,000 for the six months ended December 31, 2020, compared to a net loss of RMB 19,663,000 for the same period in 2019, indicating a reduction in losses by 30.8%[36][37] Equity and Assets - As of December 31, 2020, total equity attributable to shareholders was approximately RMB 1,789,331,000[3] - The total equity as of December 31, 2020, was RMB 1,789,331,000, a decrease from RMB 1,894,356,000 as of June 30, 2019, reflecting a decline of approximately 5.5%[16] - Total assets less current liabilities amounted to RMB 1,808,500,000 as of December 31, 2020[13] - The overall total assets of the company were RMB 1,872,076,000 as of December 31, 2020, slightly down from RMB 1,884,652,000 as of June 30, 2020[45] Cash Flow - The net cash used in operating activities for the six months ended December 31, 2020, was RMB (28,689,000), compared to RMB (3,630,000) for the same period in 2019, indicating a significant increase in cash outflow[18] - The cash and cash equivalents at the end of the period were RMB 1,434,420,000, slightly down from RMB 1,438,804,000 at the end of 2019[18] - The net cash generated from investing activities for the six months ended December 31, 2020, was RMB 1,701,000, a decrease from RMB 4,510,000 in the same period of 2019[18] Revenue Sources - Revenue from the sale of automation instruments and technology products for the six months ended December 31, 2020, was RMB 52,638,000, down from RMB 61,055,000 in 2019, representing a decrease of approximately 13.3%[25] - Sales of high-precision industrial automation instruments and technical products amounted to approximately RMB 52,638,000, accounting for about 98.7% of total revenue, compared to 92.4% in the same period of 2019[61] Expenses and Liabilities - Research and development expenses decreased to RMB 2,706,000 from RMB 3,022,000, a decline of 10.5%[30] - The cost of sold inventory was RMB 52,702,000, down from RMB 65,875,000, representing a decrease of 20.0%[30] - Reportable segment liabilities rose to RMB 21,381,000 as of December 31, 2020, compared to RMB 15,502,000 as of June 30, 2020, indicating an increase of 37.9%[47] Dividends and Shareholder Information - The company did not recommend any interim dividend for the six months ended December 31, 2020, consistent with the previous year[3] - The company did not declare or pay any dividends during the interim period, consistent with the previous year where no dividends were paid[52] - As of December 31, 2020, the total number of issued shares was 1,037,500,000, with major shareholder Huang Xun Song holding approximately 36.89%[96] Government Grants and Taxation - The group received government grants amounting to RMB 1,118,000 during the reporting period, which was not recorded in the previous year[26] - The group did not incur any income tax liabilities for the period due to tax losses recorded, maintaining a tax rate of 15% for qualified high-tech enterprises[34] Corporate Governance - The audit committee reviewed the unaudited interim results for the six months ended December 31, 2020, and confirmed compliance with relevant accounting standards and regulations[114] - The company has complied with all major provisions of the Corporate Governance Code, except for the deviation regarding the roles of the Chairman and CEO[104][105] Future Outlook - The company continues to focus on enhancing its automation technology and expanding its market presence, although specific future product launches or technological advancements were not detailed in the report[43] - The company will closely monitor the developments of COVID-19 and assess its impact on business operations[66] - The group plans to continue monitoring industry developments and regularly review its business expansion plans[87]
中国高精密(00591) - 2021 - 中期财报