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[2]. - 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 approximately RMB 5.13 million for the same period in 2023[2]. - The company reported a total loss of RMB 5.51 million for the operating profit for the six months ended June 30, 2024, compared to a loss of RMB 12.44 million for the same period in 2023[6]. - The total comprehensive income attributable to the parent company for the first half of 2024 was approximately RMB (5.57) million, compared to RMB (11.94) million in 2023, reflecting an improvement of about 53%[15]. - The company reported a total loss of RMB (5,507,270.13) for the first half of 2024, an improvement from a loss of RMB (11,964,427.63) in the same period of 2023[44]. Revenue and Expenses - Operating costs for the six months ended June 30, 2024, were RMB 14.47 million, a decrease from RMB 17.59 million for the same period in 2023[6]. - Research and development expenses for the six months ended June 30, 2024, were RMB 1.00 million, significantly reduced from RMB 3.25 million for the same period in 2023[6]. - The gross profit for the six months ended June 30, 2024, was approximately RMB 3.49 million, with a gross margin of 40%, up from 38% in the same period of 2023[49]. - The total operating expenses for the first half of 2024 amounted to ¥1,509,091.26, slightly lower than ¥1,525,249.06 in the same period of 2023, showing a decrease of approximately 1.1%[30]. - Management expenses for the first half of 2024 were ¥6,625,145.97, down from ¥9,396,176.20 in the first half of 2023, indicating a reduction of about 29.5%[32]. Assets and Liabilities - The total assets as of June 30, 2024, amounted to RMB 52.61 million, a decrease from RMB 58.56 million as of December 31, 2023[4]. - The total liabilities as of June 30, 2024, were RMB 89.12 million, slightly down from RMB 89.56 million as of December 31, 2023[4]. - The company's total comprehensive income for the period decreased by RMB 11,935,072.66, reflecting a significant decline in performance compared to the previous period[16]. - The total accounts payable as of June 30, 2024, was ¥6,672,946.50, a decrease from ¥6,983,288.79 as of December 31, 2023, reflecting a reduction of approximately 4.5%[25]. - The group’s asset-liability ratio was approximately 278.64% as of June 30, 2024, down from 397.15% in 2023[55]. Cash Flow - Total cash inflow from operating activities decreased to approximately RMB 7.71 million in 2024 from RMB 9.28 million in 2023, a decline of about 17%[10]. - Cash outflow from operating activities was approximately RMB 11.70 million in 2024, down from RMB 16.24 million in 2023, indicating a reduction of about 28%[10]. - The net cash flow from investment activities was approximately RMB 475,750 in 2024, compared to a net outflow of RMB 43,500 in 2023, marking a significant turnaround[12]. - Cash and cash equivalents at the end of June 30, 2024, totaled approximately RMB 1.19 million, down from RMB 1.35 million at the end of the same period in 2023, a decline of about 12%[13]. - The company’s cash and cash equivalents as of June 30, 2024, were RMB 1.43 million, down from RMB 1.99 million as of December 31, 2023[3]. Shareholder Information - Mr. Xiao Bing holds 485,832,335 domestic shares, representing approximately 38.81% of all issued domestic shares and 25.60% of all issued shares[65]. - Major shareholders include Ms. Jin Rongfei with 50,000,000 shares (3.99%) and Shaanxi Yinjit Investment Co., Ltd. with 20,000,000 shares (1.60%)[73]. - The company has seen a transfer of shares, with Mr. Xiao Bing transferring 57,000,000 shares to Mr. Chen Ren and 8,000,000 shares to Ms. Ma Xiuling in Q2 2023[78]. - The company is actively managing its shareholder structure, with multiple entities holding significant stakes, including Guotai Junan International and Guotai Junan Holdings[79]. - The company’s strategic focus includes maintaining a diverse shareholder base to enhance market stability and investor confidence[79]. Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules Appendix C1 for the six months ended June 30, 2024[85]. - The audit committee reviewed the unaudited consolidated results for the six months ended June 30, 2024, and confirmed compliance with applicable accounting standards and regulations[88]. - The company has not reported any changes in accounting policies or prior period error corrections during the current reporting period[18]. - The company has not reported any new product launches or technological advancements during this period[27]. - The company has not provided specific guidance for future performance or market expansion strategies[27].
海天天线(08227) - 2024 - 中期财报