Financial Performance - Revenue for the six months ended December 31, 2020, was approximately RMB 22,631,000, an increase from RMB 20,187,000 in the same period of 2019, representing a growth of 12.1%[2] - The company reported a pre-tax loss of approximately RMB 1,288,000 for the six months ended December 31, 2020, compared to a profit of RMB 958,000 in the same period of 2019[7] - Loss attributable to owners of the company for the six months ended December 31, 2020, was approximately RMB 3,388,000, compared to RMB 2,044,000 in the same period of 2019, indicating an increase in loss of 65.7%[8] - Basic and diluted loss per share for the period was RMB 0.12, compared to RMB 0.07 in the same period of 2019, reflecting a 71.4% increase in loss per share[8] - The group's gross profit for the six months ended December 31, 2020, was RMB 5,487,000, down from RMB 8,389,000 in the same period of 2019, representing a decline of 34.3%[7] - Other income and gains for the six months ended December 31, 2020, were RMB 1,124,000, compared to RMB 451,000 in the same period of 2019, showing an increase of 149.2%[7] - The total comprehensive income/loss for the period was a loss of RMB 7,435,000, which includes a loss of RMB 3,388,000 from operations and a foreign exchange loss of RMB 4,047,000[15] - The adjusted profit before tax for the group was a loss of RMB 1,288,000, compared to a profit of RMB 958,000 for the same period in 2019[26] - The group reported a basic loss per share of RMB 1.17 for the period, compared to RMB 0.71 in the previous year[39] Assets and Liabilities - Total equity of the group decreased to RMB 140,182,000 as of December 31, 2020, down from RMB 150,876,000 as of June 30, 2020[11] - The group's total assets less current liabilities amounted to RMB 143,563,000 as of December 31, 2020, compared to RMB 155,122,000 as of June 30, 2020[11] - Non-current assets totaled RMB 50,915,000 as of December 31, 2020, down from RMB 59,717,000 as of June 30, 2020[10] - The company's total liabilities as of December 31, 2020, were RMB 856,318,000, reflecting ongoing financial challenges[13] - The group's total assets as of December 31, 2020, were RMB 181,242,000, a decrease from RMB 190,126,000 as of June 30, 2020[31] - The group's total liabilities as of December 31, 2020, were RMB 32,693,000, slightly down from RMB 32,560,000 as of June 30, 2020[31] Cash Flow - The company reported a net cash flow from operating activities of RMB 12,785,000 for the six months ended December 31, 2020, compared to a net cash outflow of RMB 4,366,000 in the same period of 2019[15] - The company had a net cash inflow from investing activities of RMB 825,000, significantly lower than RMB 18,851,000 in the previous year, primarily due to the sale of a joint venture in 2019[15] - The company's cash and cash equivalents increased to RMB 97,622,000 as of December 31, 2020, compared to RMB 84,596,000 as of June 30, 2020, indicating a growth of 15.4%[10] - The company's cash and cash equivalents increased to RMB 97,622,000 as of December 31, 2020, up from RMB 75,593,000 at the end of 2019[15] Business Segments - The property development, leasing, and management segment generated revenue of RMB 19,648,000, while the gold mining segment contributed RMB 2,983,000[26] - The property management business in Xuzhou is expected to contribute positively to the group, enhancing its expertise in daily property management[70] - The property development, leasing, and management services segment recorded a profit of approximately RMB 2,519,000, down from RMB 7,359,000 in 2019[63] - The gold mining segment reported a loss of approximately RMB 496,000, an improvement from a loss of RMB 1,461,000 in 2019[67] - As of December 31, 2020, the gold mining segment's assets were approximately RMB 41,566,000, down from RMB 49,748,000 as of June 30, 2020[67] Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the interim results for the six months ended December 31, 2020[101] - The company has adopted the corporate governance code but deviated from the code provision A.2.1 regarding the separation of roles of the chairman and CEO[96] - The company has confirmed that all directors complied with the standards set out in the code during the reporting period[97] - No directors or senior management have significant interests in any competing businesses[98] Shareholder Information - The company has issued 2,894,091,737 shares as of December 31, 2020, with a total issued and paid-up capital of RMB 253,720,000 (approximately USD 36.5 million)[48] - The company has significant shareholdings, with Mr. Du Yun holding 394,198,376 shares, representing 13.62% of the issued shares[90] - Mr. Mu Dongsheng holds 277,777,777 shares, accounting for 9.60% of the issued shares[90] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[94] Future Outlook - The group plans to further expand its property-related business in China, including the conditional agreement to purchase three commercial buildings in Xuzhou[70] - The company will continue to implement its diversification strategy and actively seek potential investment opportunities in the future[74] - The company plans to conduct small-scale production before large-scale mining operations due to the complex rock composition in the northern Molchan area, with a mining plan submitted to local authorities in October 2017[71] Employee Information - The company employed a total of 87 employees as of December 31, 2020, up from 77 employees in 2019[79]
京维集团(01195) - 2021 - 中期财报