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豆盟科技(01917) - 2024 - 中期业绩
DOUMOBDOUMOB(HK:01917)2024-08-28 08:34

Financial Performance - For the first half of 2024, the Group reported a loss attributable to owners of RMB4.1 million, compared to a loss of RMB0.9 million in the same period of 2023, with a basic loss per share of RMB0.0018[3]. - The Group's total revenue for the six months ended June 30, 2024, was RMB20.2 million, representing a decrease of 43.4% compared to the same period last year[11]. - Total revenue for the 2024 Interim was approximately RMB20.2 million, representing a year-on-year decrease of approximately 43.4% from RMB35.8 million in the 2023 Interim[22]. - Gross profit for the 2024 Interim was approximately RMB8.0 million, down 37.3% year-on-year from RMB12.8 million in the 2023 Interim, while gross profit margin improved to 39.6% from 35.7%[24]. - Adjusted net loss increased from approximately RMB0.4 million in the 2023 Interim to approximately RMB4.1 million in the 2024 Interim[37]. - The loss before income tax for the period was RMB 4,122,000, compared to a loss of RMB 854,000 for the same period in 2023, indicating a significant increase in losses[58]. - Basic loss per share for the six months ended June 30, 2024, was RMB 4,122,000, based on a weighted average of 2,299,745,000 ordinary shares[88]. - Basic loss per share for the six months ended June 30, 2023, was RMB 0.0004, while for the same period in 2024, it increased to RMB 0.0018, reflecting a significant rise in loss attributable to shareholders from RMB 854,000 to RMB 4,122,000[91]. Cost Management - The gross profit margin improved to 39.6% in the first half of 2024, up from 35.7% in the corresponding period of 2023[11]. - Cost of sales for the 2024 Interim was approximately RMB12.2 million, a year-on-year decrease of 46.8% from RMB23.0 million in the 2023 Interim[23]. - Selling and distribution expenses were approximately RMB4.9 million for the 2024 Interim, remaining flat compared to the corresponding period in 2023[25]. - Administrative expenses for the 2024 Interim were approximately RMB7.2 million, representing a year-on-year decrease of 34.0% from RMB10.9 million in the 2023 Interim[30]. Strategic Initiatives - The strategic retrenchment of the overseas advertising business was implemented to centralize resources and reduce risks, contributing to the improvement in gross profit margin despite revenue decline[11]. - The Group aims to enhance supply chain management capabilities and expand its product portfolio to meet market demands based on consumer preferences[19]. - The focus on human resources development and training is emphasized to adapt to changing market demands and improve team capabilities[15]. - The Group plans to explore new technologies in live-broadcasting to enhance viewer experience and operational efficiency[19]. - A multi-platform strategy will be adopted to expand the user base and establish long-term relationships with consumers[16]. - The Group is committed to achieving business diversification and promoting sustainable development goals[19]. Equity and Assets - Total equity as of 30 June 2024 was approximately RMB53.4 million, down from approximately RMB57.6 million as of 31 December 2023, mainly due to operating losses[38]. - Net current assets as of 30 June 2024 were approximately RMB48.2 million, slightly up from approximately RMB48.0 million as of 31 December 2023, indicating stable operating conditions[38]. - As of June 30, 2024, total equity was approximately RMB 53.4 million, down from RMB 57.6 million as of December 31, 2023, primarily due to losses from operating activities[40]. - Cash at banks and on hand decreased to approximately RMB 30.6 million as of June 30, 2024, compared to RMB 38.2 million as of December 31, 2023, mainly due to payments related to operating activities[41]. - The gearing ratio improved to 12.9% as of June 30, 2024, down from 15.9% as of December 31, 2023, attributed to a decrease in contract liabilities and other payables[43]. Revenue Sources - The Group's revenue for the six months ended June 30, 2024, was RMB 19,484,000 from online advertising services, a decrease of 45.4% compared to RMB 35,753,000 for the same period in 2023[73]. - The decrease in total revenue was attributed to increased global economic uncertainty, low consumer spending, intensified industry competition, and a strategic contraction of the overseas advertising business[22]. - Other income and net gains for the six months ended June 30, 2024, totaled RMB 922,000, down from RMB 2,145,000 in the same period of 2023[80]. Shareholder Information - The Group has decided not to declare any interim dividend for the 2024 Interim[4]. - The company has resolved not to declare any interim dividends for the six months ended June 30, 2024, consistent with the previous year[96]. - The weighted average number of ordinary shares increased from 2,291,602,000 in 2023 to 2,299,745,000 in 2024, reflecting a slight increase in share issuance[91]. - The diluted loss per share remained the same as the basic loss per share for both periods, indicating no dilutive potential ordinary shares existed[93]. Compliance and Governance - The condensed consolidated interim financial statements were authorized for issue on August 28, 2024[61]. - The Group has not early adopted any new and revised HKFRSs that have been issued but not yet effective in the current accounting period[62]. - The Audit Committee reviewed the unaudited condensed consolidated interim financial information for the 2024 Interim, confirming it was prepared in accordance with applicable accounting standards[118]. - During the 2024 Interim, the company complied with all applicable code provisions of the Corporate Governance Code, except for the deviation from code provision C.2.1 regarding the separation of roles of Chairman and CEO[112].