Financial Results - Metropolis Capital Holdings Limited reported its unaudited consolidated financial results for the six months ended June 30, 2024[1]. - The report complies with the GEM Listing Rules of the Hong Kong Stock Exchange[1]. - The board of directors confirmed that the information in the report is accurate and complete in all material aspects[2]. - Total revenue for the six months ended June 30, 2024, was RMB 30,566,622, an increase of 30.5% compared to RMB 23,432,195 for the same period in 2023[71]. - The company's pre-tax profit decreased by approximately 55.2% to about RMB 4.8 million during the reporting period, down from approximately RMB 10.8 million in the same period last year, mainly due to changes in loss provisions for receivables[12]. - The net profit attributable to the owners of the company for the six months was RMB 4,396,787, a decrease of 27.5% compared to RMB 6,057,086 in 2023[72]. - Basic and diluted earnings per share were RMB 0.46, down from RMB 0.63 in the same period last year[72]. Revenue Breakdown - For the six months ended June 30, 2024, the company's revenue increased by approximately RMB 7.1 million or about 30.4% to approximately RMB 30.6 million compared to the same period in 2023, primarily due to a significant increase in revenue from financing leasing consulting services[12]. - Revenue from financing leasing consulting services rose to approximately RMB 23.5 million, an increase of about RMB 12.2 million or approximately 107.5% compared to RMB 11.3 million in the same period last year[15]. - The company plans to continue expanding its financing lease consulting services, which saw a revenue increase to RMB 23,481,044 from RMB 11,316,853, indicating a strategic focus on this segment[71]. Expenses and Costs - The company's employee costs increased by approximately 5.3% to RMB 6.1 million, compared to RMB 5.8 million in the same period last year[19]. - Other operating expenses rose by approximately RMB 4.8 million or about 30.3% to RMB 20.6 million, mainly due to increased costs associated with financing leasing consulting services[21]. - Interest income from the company's second-hand car sale and leaseback business decreased by approximately RMB 3.5 million or about 44.8%, from RMB 7.9 million to RMB 4.3 million[15]. - Other income decreased by approximately RMB 0.8 million or about 53.3% to RMB 0.7 million, primarily due to reduced income from license plate leasing and government subsidies[17]. Cash Flow and Liquidity - As of June 30, 2024, the group's cash and cash equivalents amounted to approximately RMB 59.9 million, compared to RMB 31.8 million as of June 30, 2023[26]. - Net cash generated from operating activities during the reporting period was approximately RMB 69.9 million, up from RMB 17.9 million in the same period last year[28]. - Cash and cash equivalents at the end of the reporting period increased to RMB 59,874,229, compared to RMB 31,777,794 at the end of June 2023, marking an increase of about 88.4%[79]. - The company reported a significant increase in cash flow, with a net increase of RMB 37,396,766 for the period, compared to a decrease of RMB (26,117,449) in the previous year[79]. Debt and Financing - The group's overall debt-to-equity ratio decreased from approximately 21.0% as of December 31, 2023, to about 8.5% at the end of the reporting period[29]. - The net cash used in financing activities was approximately RMB 24.1 million, down from RMB 40.3 million in the same period last year[28]. - The company repaid bank and other borrowings totaling RMB 24,053,860 during the six months ended June 30, 2024, down from RMB 41,978,076 for the same period in 2023[156]. Shareholder Information - The company has a significant shareholder, Mr. Zhou Dazhong, who holds 600,000,000 shares, representing 62.5% of the issued share capital through View Art Investment Limited[50]. - The company did not declare or recommend any dividends for the reporting period[38]. Compliance and Governance - The company has not yet undergone independent audit but has been reviewed by its audit committee[1]. - The audit committee consists of three independent non-executive directors, ensuring oversight of the company's accounting principles and policies[69]. - All directors and relevant employees confirmed compliance with the securities trading code during the reporting period[47]. Business Strategy and Future Outlook - The company is considering diversifying its existing business and expanding its revenue sources to enhance shareholder returns[14]. - Management will closely monitor asset performance and take appropriate measures as necessary, with asset management being a key focus area[12].
METROPOLIS CAP(08621) - 2024 - 中期业绩