Financial Performance - For the six months ended June 30, 2024, the group recorded an unaudited net loss of approximately RMB 5.51 million, compared to an unaudited net loss of approximately RMB 11.96 million for the same period in 2023[5]. - The unaudited total revenue for the six months ended June 30, 2024, was approximately RMB 8.66 million, representing an increase of about 169% compared to the unaudited total revenue of the same period in 2023[5]. - Total operating revenue for the period from January 1 to June 30, 2024, reached RMB 8,659,011.97, a significant increase from RMB 5,134,957.91 in the same period of 2023, representing a growth of approximately 68.5%[9]. - The net loss for the period was RMB (5,514,962.85), an improvement compared to a net loss of RMB (11,964,705.97) in the previous year, reflecting a reduction in losses by approximately 53.9%[9]. - The total comprehensive loss for the period was RMB (5,514,962.85), compared to RMB (11,964,705.97) in the same period last year, showing a significant reduction in overall losses[11]. - The company reported a basic and diluted earnings per share of RMB (0.00291) for the current period, compared to RMB (0.00629) in the previous year, reflecting ongoing challenges in profitability[11]. Assets and Liabilities - As of June 30, 2024, total current assets amounted to approximately RMB 22.37 million, a decrease from RMB 23.53 million as of December 31, 2023[6]. - Non-current assets totaled approximately RMB 30.23 million as of June 30, 2024, down from RMB 35.03 million as of December 31, 2023[7]. - Total liabilities as of June 30, 2024, were approximately RMB 89.12 million, slightly down from RMB 89.56 million as of December 31, 2023[8]. - The total equity attributable to shareholders of the parent company was approximately RMB (39.01) million as of June 30, 2024, compared to RMB (33.44) million as of December 31, 2023[8]. - The company’s total assets and liabilities are not detailed in the provided documents, indicating a need for further financial disclosures[16]. Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of RMB (3,992,620.50), compared to a larger outflow of RMB (6,959,319.09) in the same period last year, indicating improved cash management[12]. - Cash flow from investing activities generated a net inflow of RMB 475,750.00, contrasting with a net outflow of RMB (43,500.00) in the previous year, highlighting a positive shift in investment returns[13]. - Cash flow from financing activities resulted in a net inflow of RMB 2,954,584.50, down from RMB 6,401,543.86 in the same period last year, indicating a decrease in financing activities[13]. - The company’s cash and cash equivalents at the end of the period stood at RMB 1,185,265.79, down from RMB 1,351,565.66 at the end of June 2023, indicating a decrease in liquidity[13]. - The cash and cash equivalents balance as of June 30, 2024, was approximately RMB 1.19 billion, down from RMB 1.35 billion as of June 30, 2023[44]. Operational Highlights - The company has not disclosed any new product developments or market expansion strategies during this reporting period[5]. - The company reported a significant increase in accounts receivable, which rose to approximately RMB 9.91 million as of June 30, 2024, compared to RMB 7.79 million as of December 31, 2023[6]. - The company’s main business revenue for the first half of 2024 was RMB 8,410,120.47, an increase of 74.66% compared to RMB 4,821,663.65 in the same period of 2023[28]. - Sales from the medium lens antenna product amounted to approximately RMB 5.76 million, accounting for about 68% of the company's main business revenue in the first half of 2024[46]. - The company plans to focus on mobile communication business and has secured product orders in regions such as Southwest and Northeast China[52]. Research and Development - The company has made strategic investments in research and development, with R&D expenses amounting to RMB 1,001,302.61, down from RMB 3,248,273.09 in the previous year, suggesting a focus on cost management in innovation[9]. - Research and development expenses decreased from approximately RMB 3.25 million in 2023 to about RMB 1 million for the six months ended June 30, 2024[48]. Shareholder Information - Major shareholders include Ms. Chen Jing with 485,832,335 shares, representing approximately 38.81% of the total issued domestic shares and 25.60% of the total issued shares[63]. - The total number of shares held by major shareholders indicates a significant concentration of ownership, with the top five shareholders holding over 100 million shares each[63]. - The overall percentage of shares held by major shareholders suggests potential influence over corporate decisions and strategic direction[63]. Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules for the six months ending June 30, 2024[84]. - The audit committee reviewed the unaudited consolidated results for the six months ending June 30, 2024, ensuring compliance with applicable accounting standards[87]. - The company has maintained compliance with relevant laws and regulations in mainland China and Hong Kong[85].
海天天线(08227) - 2024 - 中期业绩