Financial Performance - Revenue for the six months ended December 31, 2020, was RMB 36,143,000, a decrease of 4.8% compared to RMB 37,956,000 for the same period in 2019[3] - Gross profit for the same period was RMB 11,388,000, down 12.0% from RMB 12,930,000 in 2019[3] - Operating loss decreased to RMB 9,942,000 from RMB 12,755,000 year-on-year, showing an improvement of 22.1%[3] - Net loss for the period was RMB 10,168,000, compared to RMB 13,378,000 in the previous year, reflecting a reduction of 24.8%[3] - Total comprehensive loss for the period was RMB 13,651,000, an increase from RMB 12,430,000 in 2019, indicating a rise of 9.8%[5] - The group reported a pre-tax loss of RMB 10,252,000 for the six months ended December 31, 2020, compared to a loss of RMB 13,136,000 in the same period of 2019, indicating an improvement in performance[49] Assets and Liabilities - Cash and cash equivalents at the end of the period were RMB 98,548,000, up from RMB 62,994,000 at the end of the previous year[10] - Non-current assets decreased to RMB 142,859,000 from RMB 151,796,000, a decline of 5.9%[7] - Current assets decreased to RMB 135,717,000 from RMB 145,804,000, a drop of 6.9%[7] - Total liabilities and equity as of December 31, 2020, amounted to RMB 244,250 thousand, compared to RMB 257,849 thousand at the beginning of the period[14] - The company had total lease liabilities of RMB 35.801 million as of December 31, 2020, compared to RMB 36.487 million as of June 30, 2020[62] Equity and Share Capital - Total equity attributable to owners of the company was RMB 242,417,000, down from RMB 257,173,000, a decrease of 5.7%[8] - As of December 31, 2020, the total equity attributable to owners was RMB 257,173 thousand, a decrease from RMB 333,149 thousand at the beginning of the period[14] - The total equity of the group, including non-controlling interests, was RMB 244 million as of December 31, 2020, down from RMB 258 million as of June 30, 2020[70] - The issued share capital of the company remained unchanged at 3,295,582,491 shares during the reporting period[78] Expenses - Total employee costs decreased to RMB 9,748,000 for the six months ended December 31, 2020, down 12.5% from RMB 11,143,000 in the same period of 2019[45] - The company reduced sales and distribution expenses from RMB 6 million to RMB 3 million during the reporting period[65] - The company reported a decrease in general and administrative expenses by 3%, totaling RMB 26 million[65] Financial Standards and Compliance - The company applied new and revised Hong Kong Financial Reporting Standards during the reporting period, which did not have a significant impact on the financial statements[20] - The company has not early adopted the new and revised Hong Kong Financial Reporting Standards that are effective from January 1, 2021, and onwards, including HKFRS 17 on insurance contracts[27] - The company has not reported any significant changes in its liabilities classification due to the adoption of the new standards[35] - The audit committee, consisting of independent non-executive directors, has reviewed the interim financial report[101] - The company has complied with the Corporate Governance Code, except for the combined role of Chairman and CEO held by the founder, which is under ongoing review[102] Market and Operational Insights - The company did not report any significant new product developments or market expansions in the current reporting period[19] - The company emphasized the importance of agricultural modernization and rural revitalization as outlined in the 2021 "No. 1 Document" by the Central Committee of the Communist Party of China[66] - The company is focusing on green development and improving self-innovation capabilities to enhance the quality and supply level of agricultural products[67] - The group maintained a current ratio of approximately 4 times as of December 31, 2020, consistent with the ratio as of June 30, 2020[70] - The group has no significant contingent liabilities as of December 31, 2020[77] Share Options and Director Interests - The company has a total of 61,300,000 stock options that remain unexercised as of the review period[91] - The exercise price for stock options granted in 2010 is HKD 6.430, with a total of 53,025,000 options granted to employees[91] - The company has not engaged in any arrangements that would benefit directors or their immediate family members through the acquisition of shares or debt securities[87] - The company has not reported any changes in the interests of directors or major executives in the company's shares or related securities during the review period[87] - The total number of stock options granted under the 2015 stock option plan remains at 248,580,000 as of December 31, 2020[95]
超大现代(00682) - 2021 - 中期财报