Financial Performance - For the six months ended June 30, 2021, the total revenue of JiaChen Holding Group Limited increased by approximately 87.1% to about RMB 125.7 million, compared to approximately RMB 67.2 million for the same period in 2020[7]. - The net profit for the same period rose from approximately RMB 6.1 million in 2020 to approximately RMB 12.4 million in 2021[7]. - Revenue for the six months ended June 30, 2021, was RMB 125.71 million, an increase from RMB 67.20 million for the same period in 2020, representing an increase of approximately 87%[41]. - Gross profit for the same period was RMB 29.34 million, compared to RMB 13.33 million in 2020, reflecting a significant improvement in profitability[41]. - The company reported a pre-tax profit of RMB 13,894 thousand for the six months ended June 30, 2021, compared to RMB 7,915 thousand for the same period in 2020, representing an increase of 75%[59]. - The total comprehensive income for the six months ended June 30, 2021, was RMB 12,319 thousand, up from RMB 6,017 thousand in the same period of 2020, indicating a 104.4% growth[48]. Revenue Breakdown - Sales of the full steel raised floor products contributed approximately 85.7% of total revenue, amounting to RMB 107.8 million, a 99.0% increase from RMB 54.2 million in 2020[11]. - Revenue from sales of calcium sulfate raised floor products increased by 37.5% to approximately RMB 17.9 million, up from RMB 13.0 million in 2020[12]. - The sales volume of full steel raised floor products was 0.82 million square meters, with an average unit price of RMB 131.5 per square meter[13]. - The sales revenue by region showed that China accounted for 87.0% of total revenue, amounting to RMB 109.4 million, while overseas sales were RMB 12.0 million, representing 9.6%[16]. - The geographical analysis of revenue showed that revenue from China was RMB 109,352 thousand for the six months ended June 30, 2021, up from RMB 58,158 thousand in 2020, representing an increase of 88%[64]. Cost and Expenses - Sales and distribution expenses rose by approximately RMB 1,200,000 or 49.1% to RMB 3,500,000, primarily due to increased courier and miscellaneous expenses[18]. - Administrative expenses decreased by approximately RMB 3,800,000 or 26.8% to RMB 10,500,000, mainly due to reduced listing expenses[18]. - The cost of goods sold and service contracts rose to RMB 96,372,000 for the six months ended June 30, 2021, compared to RMB 53,870,000 in 2020, indicating an increase of 79%[74]. - The financing costs for the six months ended June 30, 2021, were RMB 1,767 thousand, a decrease from RMB 2,680 thousand in the same period of 2020, reflecting a reduction of 34%[72]. Cash Flow and Assets - Cash and cash equivalents increased to approximately RMB 113,600,000 from RMB 52,600,000 as of December 31, 2020[21]. - Total assets as of June 30, 2021, were approximately RMB 411,900,000, up from RMB 395,800,000 at the end of 2020[21]. - Net cash inflow from operating activities was approximately RMB 42,600,000, an increase from RMB 26,500,000 in the same period last year[31]. - The company reported a net cash inflow from investing activities of RMB 20,616 thousand for the six months ended June 30, 2021, compared to a net cash outflow of RMB 11,172 thousand in the same period of 2020[50]. - The total equity attributable to the owners of the company was RMB 282.83 million as of June 30, 2021, up from RMB 270.51 million at the end of 2020[45]. Future Outlook and Plans - The company anticipates continued growth in demand for raised floor products due to increased investment in new office buildings and stricter government policies stimulating market demand[8]. - The company plans to focus resources on improving production technology and upgrading production lines to enhance product recognition and maintain effective cost control[8]. - The company plans to complete the construction of new factory buildings and related infrastructure by December 2022, with the installation of energy-saving facilities expected to be completed by March 2023[38]. - The company plans to utilize the remaining funds for the installation of additional production lines, with an expected completion date by March 2023[39]. - The company plans to continue expanding its market presence and investing in new product development to enhance its competitive edge[52]. Shareholder Information - Shareholder Shen Min holds a total of 609,000,000 shares, representing 60.90% of the company's equity[97]. - 嘉辰投资 holds 377,625,000 shares, accounting for 37.76% of the company's equity[109]. - 鑫辰投资 also holds 231,375,000 shares, which is 23.14% of the company's equity[109]. - The company’s issued share capital remained at 1,000,000,000 shares with a par value of HKD 0.01 per share as of June 30, 2021[94]. Corporate Governance - The company has adopted the standard code of conduct for securities trading by directors as per the listing rules, confirming compliance for the six months ended June 30, 2021[119]. - The board believes that the company has adhered to all applicable provisions of the corporate governance code for the six months ended June 30, 2021[120]. - The audit committee, established on December 19, 2019, consists of three independent non-executive directors and is responsible for reviewing financial reporting procedures and risk management systems[122]. - The audit committee has reviewed the unaudited condensed consolidated interim financial statements for the six months ended June 30, 2021[122]. Miscellaneous - The company did not recommend any interim dividend for the six months ended June 30, 2021, consistent with the previous year[34]. - The company has not established any arrangements that would allow directors and key executives to benefit from purchasing shares or debt securities of the company during the six months ending June 30, 2021[108]. - There have been no significant subsequent events for the company or the group from June 30, 2021, to the report date[121].
佳辰控股(01937) - 2021 - 中期财报