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森美控股(00756) - 2021 - 年度财报
SUMMISUMMI(HK:00756)2021-10-27 08:39

Financial Performance - The company reported a revenue of approximately RMB 111,168,000 for the year ended June 30, 2021, representing a growth of about 118% compared to RMB 50,993,000 in 2020[6]. - Gross profit for the same period was RMB 4,231,000, a decrease of approximately RMB 3,496,000 from RMB 7,727,000 in 2020, resulting in a gross margin of 3.8% compared to 15.2% in the previous year[8]. - The company recorded a net loss of RMB 48,518,000 for the year, a significant decline from a profit of RMB 315,417,000 in 2020[6]. - The company reported a loss before tax of RMB 48,518 thousand, compared to a profit of RMB 315,417 thousand in the previous year, marking a substantial decrease[183]. - The company reported a loss of RMB 48,518 thousand for the year ended June 30, 2021, compared to a profit of RMB 315,417 thousand in the previous year, indicating a significant decline in profitability[198]. - The total comprehensive income for the year was RMB 286,047 thousand, down from RMB 315,416 thousand in the previous year, reflecting overall reduced earnings[198]. Cash and Liquidity - Cash and cash equivalents decreased by 45% to RMB 3,770,000 from RMB 6,842,000 in 2020[6]. - As of June 30, 2021, the company's cash and cash equivalents were approximately RMB 3,770,000, down from RMB 6,842,000 in the previous year[31]. - The company’s cash and cash equivalents decreased to RMB 3,770 thousand from RMB 6,842 thousand, a decline of 44.9%[188]. - The company recorded a significant decrease in financing costs, which were RMB 30,491 thousand compared to RMB 46,020 thousand in the previous year, indicating improved financial management[198]. - The company is actively negotiating with banks and financial institutions to raise short-term or long-term financing as part of its additional financing plan[145]. Debt and Liabilities - The net debt of the company improved to RMB 236,743,000 from RMB 330,907,000 in 2020, reflecting a reduction of 28%[9]. - The company has entered into a loan restructuring agreement with several banks, agreeing to extend the principal amount of approximately RMB 116 million for a period of 5 years[144]. - The group reported a loss of RMB 48,518,000 for the year ended June 30, 2021[173]. - As of June 30, 2021, the group's current liabilities net amount was RMB 263,134,000, and the equity attributable to shareholders was a deficit of RMB 236,585,000[173]. - A total of RMB 113,317,000 of borrowings were overdue or in breach of related agreements, which may lead to immediate repayment demands[174]. Business Operations and Strategy - The company is diversifying its business and has established a subsidiary in Chenzhou, Hunan, and a joint venture in Shenyang, Liaoning, which are expected to become strong profit growth points in the foreseeable future[9]. - The company is exploring different beverage products and has achieved initial success in expanding its product range and sales network[8]. - The management is committed to enhancing the company's core competitiveness to become a leading manufacturer in China's juice beverage industry[11]. - The company has implemented sustainable agricultural guidelines to protect soil, conserve water, and minimize greenhouse gas emissions in its self-operated orange orchards[58]. Corporate Governance - The board of directors consists of two executive directors and three independent non-executive directors, ensuring a balanced composition[118]. - The company has complied with all applicable provisions of the Corporate Governance Code during the reporting period[112]. - The independent non-executive directors have confirmed their independence according to the guidelines set out in the listing rules[119]. - The company has established a code of conduct for directors regarding securities trading, which complies with the standards set out in the listing rules[116]. - The company emphasizes diversity in its board composition, aligning with corporate governance standards[134]. Employee and Compensation - The total employee compensation for the reporting period was approximately RMB 9,657,000, a decrease from RMB 13,074,000 in the previous year[74]. - The group had 121 employees, an increase from 113 employees in the previous year[40]. - The company continues to focus on providing competitive compensation and benefits to its employees[40]. Environmental Commitment - The company is committed to complying with environmental protection laws and regulations in China, which may lead to significant capital expenditures[62]. - The company aims to improve energy efficiency and reduce resource consumption through environmentally friendly policies in its production facilities and offices[58]. Shareholder Information - The company’s total issued shares as of June 30, 2021, were 2,282,082,652, with a market capitalization of approximately HKD 374,261,554.90[34]. - There were no interim dividends declared during the reporting period, consistent with the previous year[64]. - The company has not recommended a final dividend for the reporting period, similar to the previous year[65].