Financial Performance - For the six months ended June 30, 2021, revenue was approximately RMB 264.4 million, a 105.5% increase from RMB 128.9 million for the same period in 2020[9]. - Profit attributable to owners of the company for the same period was approximately RMB 11.1 million, compared to RMB 2.7 million in the prior year, representing a 311.1% increase[9]. - The total comprehensive income for the period was RMB 15.7 million, up from RMB 2.1 million in the previous year, indicating a significant growth of 646.2%[11]. - The company reported a gross profit of RMB 53.9 million, which is a 192.3% increase from RMB 18.4 million in the same period last year[11]. - Basic and diluted earnings per share attributable to owners of the company were RMB 2.77, compared to RMB 0.68 in the previous year, representing a significant increase of 308.8%[11]. - The company reported a net profit of RMB 11,090,000 for the six months ended June 30, 2021, compared to RMB 2,710,000 for the same period in 2020, representing a significant increase of 309%[13]. - The company reported a profit before tax of RMB 17,800,000 for the six months ended June 30, 2021, compared to a loss in the previous year[43]. - The net profit margin increased to 5.7% for the six months ended June 30, 2021, compared to 2.0% for the same period in 2020, driven by business expansion and improved efficiency[90]. Assets and Liabilities - Non-current assets increased to RMB 49.4 million as of June 30, 2021, compared to RMB 8.7 million at the end of 2020, reflecting a growth of 467.0%[12]. - Current assets rose to RMB 348.5 million, up from RMB 211.2 million at the end of 2020, marking a 64.9% increase[12]. - The company’s total assets less current liabilities amounted to RMB 202.2 million, up from RMB 150.7 million at the end of 2020, indicating a growth of 34.2%[12]. - The company’s total assets as of June 30, 2021, were approximately RMB 397.9 million, up from RMB 219.9 million as of December 31, 2020[93]. - As of June 30, 2021, trade payables amounted to RMB 49,892,000, a significant increase from RMB 22,232,000 as of December 31, 2020, representing a growth of 124.8%[16]. - The company’s bank balances as of June 30, 2021, amounted to approximately RMB 94,139,000, down from RMB 138,094,000 as of December 31, 2020[57]. - The company’s lease liabilities decreased to RMB 6,251,000 as of June 30, 2021, from RMB 7,114,000 as of December 31, 2020[50]. Cash Flow and Dividends - The company experienced a net cash outflow from operating activities of RMB 70,245,000 for the six months ended June 30, 2021, compared to RMB 6,210,000 for the same period in 2020, indicating a deterioration in cash flow[15]. - Cash and cash equivalents decreased to RMB 97,146,000 as of June 30, 2021, down from RMB 138,481,000 at the beginning of the period, a decline of 30%[15]. - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2021, consistent with the previous year[9]. - The company paid dividends totaling RMB 5,230,000 during the period, which included RMB 3,361,000 to shareholders and RMB 1,869,000 to non-controlling interests[13]. Acquisitions and Investments - The company acquired non-controlling interests amounting to RMB 34,788,000 during the reporting period, impacting the equity structure[13]. - The acquisition of 66.31% equity in Guangzhou Fangyuan Modern Life Service Co., Ltd. was completed on January 28, 2021, for a total consideration of RMB 68,000,000[65]. - The identifiable net assets acquired from the acquisition amounted to RMB 97,260,000, with goodwill recognized at RMB 5,528,000[67]. - The acquired company contributed approximately RMB 128,738,000 in revenue and RMB 7,867,000 in profit for the six months ended June 30, 2021[70]. - The company completed the acquisition of Guangzhou Fangheng Information Technology Co., Ltd. on July 15, 2021, for a cash consideration of RMB 4.5 million, enhancing its smart community services[72]. - The acquisition of Changsha Jiyanghong Property Management Co., Ltd. was completed for RMB 24.745 million, increasing the company's property management portfolio in Changsha, Hunan Province[73]. Operational Expenses - The company incurred employee benefit expenses of RMB 104,106,000, significantly higher than RMB 48,687,000 in the previous year[43]. - The company’s administrative expenses rose to approximately RMB 31.3 million, a 134.9% increase compared to RMB 13.3 million for the same period in 2020, primarily due to the acquisition of Fangyuan Modern Life Services[90]. - Service costs for the period were approximately RMB 210.5 million, up about 90.5% from RMB 110.5 million for the same period in 2020, mainly due to increased operational costs from the acquired businesses[87]. Share Capital and Governance - The issued share capital as of June 30, 2021, was RMB 3,403,000, reflecting an increase in the number of issued shares to 400,000,000[19]. - As of June 30, 2021, Mr. Fang and Ms. Xie each hold 216,000,000 shares, representing 54% of the company's total issued share capital[109]. - The company has complied with all provisions of the Corporate Governance Code as of June 30, 2021[118]. - There were no purchases, sales, or redemptions of the company's listed securities during the six months ending June 30, 2021[116]. - No business or interests of directors or controlling shareholders were found to directly or indirectly compete with the company's business during the six months ending June 30, 2021[120].
方圆生活服务(09978) - 2021 - 中期财报