Financial Performance - Revenue increased by approximately RMB 31.5 million or about 7.0% to RMB 481.1 million for the six months ended June 30, 2024, compared to RMB 449.6 million for the same period in 2023[3] - Gross profit rose by approximately RMB 8.6 million or about 18.0% to RMB 56.5 million for the six months ended June 30, 2024, compared to RMB 47.9 million for the same period in 2023[3] - Net profit increased by approximately RMB 9.8 million or about 122.5% to RMB 17.8 million for the six months ended June 30, 2024, compared to RMB 8.0 million for the same period in 2023[3] - Basic earnings per share for the six months ended June 30, 2024, was approximately RMB 2.97, compared to RMB 1.34 for the same period in 2023[5] - Profit for the period was RMB 17,829,000, compared to RMB 8,018,000 for the same period in 2023, reflecting a growth of 122.3%[21] - Basic earnings per share for the six months ended June 30, 2024, were RMB 17.83, compared to RMB 8.02 for the same period in 2023[21] Income and Expenses - Other income increased to RMB 4.8 million for the six months ended June 30, 2024, compared to RMB 2.2 million for the same period in 2023[5] - Other income increased significantly to RMB 4,776,000 from RMB 2,219,000, marking a rise of 115.5%[17] - Financial costs decreased from approximately RMB 7.1 million for the six months ended June 30, 2023, to approximately RMB 5.6 million for the six months ended June 30, 2024, primarily due to a reduction in loan principal and interest[37] - Income tax expenses increased from approximately RMB 2.6 million for the six months ended June 30, 2023, to approximately RMB 3.3 million for the six months ended June 30, 2024, driven by an increase in taxable profits[38] Assets and Liabilities - Total assets decreased from RMB 585.6 million as of December 31, 2023, to RMB 482.8 million as of June 30, 2024[6] - Current liabilities decreased from RMB 526.8 million as of December 31, 2023, to RMB 412.8 million as of June 30, 2024[6] - Cash and cash equivalents decreased from RMB 100.2 million as of December 31, 2023, to RMB 65.7 million as of June 30, 2024[6] - Trade receivables as of June 30, 2024, were RMB 255,418,000, slightly down from RMB 255,540,000 as of December 31, 2023[22] - Prepayments and other receivables decreased to RMB 10.06 million as of June 30, 2024, from RMB 22.2 million as of December 31, 2023[24] - Trade payables and notes payable totaled RMB 118.93 million as of June 30, 2024, down from RMB 155.51 million as of December 31, 2023[25] - The debt-to-asset ratio improved to approximately 59.5% as of June 30, 2024, compared to approximately 66.3% as of December 31, 2023[43] - The total interest-bearing bank borrowings amounted to approximately RMB 267.1 million as of June 30, 2024, compared to approximately RMB 313.4 million as of December 31, 2023[46] Dividends and Shareholder Information - The board of directors decided not to recommend the payment of an interim dividend for the six months ended June 30, 2024[3] - The company did not declare any interim dividends for the six months ended June 30, 2024, and 2023[20] - The interim report for the six months ending June 30, 2024, will be published electronically and made available to shareholders as per listing rules[55] Operational Insights - The company has not experienced any significant impact on its financial performance due to the adoption of new accounting standards[13] - The company’s non-current assets are entirely located in China, indicating a concentrated operational footprint[16] - The company anticipates further improvement in domestic demand in the second half of 2024, driven by government initiatives to stimulate consumer spending[29] - The company plans to enhance the design and development of eco-friendly textile products to meet increasing customer demand for sustainability[29] Employee and Corporate Structure - Employee costs for the six months ended June 30, 2024, were approximately RMB 35.0 million, primarily for salaries, allowances, and other benefits[47] - The company currently has five executive directors and three independent non-executive directors[55] - The group had no significant acquisitions or disposals of subsidiaries and associates during the six months ended June 30, 2024[40] - The group had no significant contingent liabilities as of June 30, 2024, and was not involved in any litigation that could adversely affect its business[41]
亚东集团(01795) - 2024 - 中期业绩