Revenue Performance - Revenue from hot spring resort and hotel operations for the 6 months ended June 30, 2021, was RMB 29,683,000, a decrease of 22.9% compared to RMB 38,353,000 in 2020[7] - Revenue from tourism property development increased by 171.5% to RMB 3,812,000 for the 6 months ended June 30, 2021, compared to RMB 1,404,000 in 2020[7] - Revenue for the six months ended June 30, 2021, was RMB 33,495,000, a decrease of 2.0% compared to RMB 34,828,000 in the same period of 2020[27] - The Group's revenue for the six months ended June 30, 2021, was RMB 33,495,000, an increase from RMB 24,257,000 for the same period in 2020, representing a growth of approximately 38.2%[52] - Revenue from hot spring resort and hotel operations increased by approximately 29.9% to approximately RMB 29.7 million compared to the previous year[129] - Admission income for the six months ended June 30, 2021, was RMB 6,086,000, compared to RMB 3,897,000 for the same period in 2020, showing an increase of approximately 56.2%[52] Loss and Profitability - The company reported a gross loss of RMB 1,333,000 for the 6 months ended June 30, 2021, compared to a gross profit of RMB 459,000 in 2020, representing a decrease of 394.0%[7] - Loss from operations for the 6 months ended June 30, 2021, was RMB 18,047,000, an increase of 26.2% from RMB 24,455,000 in 2020[7] - The loss before income tax for the period was RMB 26,742,000, a decrease of 21.5% compared to RMB 34,051,000 in 2020[7] - Adjusted net loss for the 6 months ended June 30, 2021, was RMB 26,728,000, a decrease of 20.0% from RMB 33,421,000 in 2020[7] - The total comprehensive loss for the period was RMB 27,158,000, which includes a loss for the period of RMB 26,918,000[35] - The Group recorded a loss of approximately RMB 26.9 million for the six months ended June 30, 2021, an improvement from a loss of RMB 34.7 million for the same period in 2020[128] Operational Metrics - Average occupancy rate for luxury resort hotels was 28% for the three months ended June 30, 2021, down from 47% in 2020[22] - Average room rate for luxury resort hotels decreased to RMB 686 for the three months ended June 30, 2021, from RMB 790 in 2020[22] - RevPAR for luxury resort hotels was RMB 191 for the three months ended June 30, 2021, compared to RMB 375 in 2020[22] - Overall average occupancy rate increased to 25% for the six months ended June 30, 2021, from 13% in 2020[22] - The occupancy rate of the Group's nine themed hotel complexes increased from approximately 13% to approximately 25% for the same period[129] - Revenue per available room (RevPAR) increased by approximately 79.3%, from approximately RMB 39 in 2020 to approximately RMB 71 in 2021[173] Financial Position - Total assets as of June 30, 2021, were RMB 1,158,454,000, a slight decrease from RMB 1,169,236,000 as of December 31, 2020[30] - Total liabilities as of June 30, 2021, were RMB 733,041,000, an increase from RMB 716,855,000 as of December 31, 2020[32] - Non-current assets as of June 30, 2021, amounted to RMB 978,545,000, compared to RMB 959,093,000 as of December 31, 2020[30] - Cash and bank balances as of June 30, 2021, were RMB 6,653,000, a significant decrease from RMB 25,518,000 as of December 31, 2020[30] - The Group's outstanding bank loans amounted to RMB 264.9 million as of June 30, 2021, with RMB 71.0 million being fixed rate borrowings[147] Shareholder Information - Major shareholders include Harvest Talent and China Aoyuan, owning 34.34% and 29.18% of the issued shares respectively as of June 30, 2021[103] - The total number of shares issued by the company as of June 30, 2021, is 980,000,000[191] - The interests of substantial shareholders are recorded in the register required under Section 336 of the SFO[189] Future Outlook and Strategy - The company is focused on enhancing its core operating performance and managing costs associated with its listing transition from GEM to the Main Board[12][13] - The Group plans to expand its tourism property development business by adopting standardized development procedures to enhance capital efficiency[115] - Major pre-sale of jointly developing property projects is expected to continue in the second half of 2021, with properties to be delivered from 2021 onwards[116] - The Group aims to enhance the "Gudou" brand through strict quality control and promotional events, including celebrations for Chinese New Year and Labor Day in 2021[118] Compliance and Governance - The company has adopted a code of conduct regarding securities transactions by Directors, ensuring compliance with GEM Listing Rules[200] - The company confirmed that all Directors complied with the required standard of dealings throughout the period[200]
古兜控股(08308) - 2021 - 中期财报