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乐氏国际控股(01529) - 2024 - 中期业绩
YUES INTL HLDGYUES INTL HLDG(HK:01529)2024-08-29 13:13

Financial Performance - The unaudited consolidated results for the six months ended June 30, 2024, were announced, including comparative figures for the same period in 2023[6]. - The company reported significant financial metrics, but specific figures were not detailed in the provided content[7]. - Revenue for the six months ended June 30, 2024, was RMB 94,701, an increase of 55.5% compared to RMB 60,977 for the same period in 2023[8]. - Loss for the period was RMB 13,224, compared to a loss of RMB 10,562 in the prior year, representing a 25.7% increase in losses[9]. - Total comprehensive expense for the period was RMB 14,828, up from RMB 10,558 in the previous year, indicating a 40.5% increase[9]. - The company reported a basic and diluted loss per share of RMB 0.8772 for the six months ended June 30, 2024, compared to RMB 1.0952 in the same period of 2023[8]. - The Group reported a loss before taxation of RMB 13,463,000 for the six months ended June 30, 2024, compared to a loss of RMB 10,287,000 in the same period of 2023[44]. - The loss attributable to the owners of the Company for the period was RMB 10,588,000 for the six months ended June 30, 2024, compared to RMB 10,562,000 in 2023[56]. - The net loss for the first six months of 2024 was approximately RMB 13.2 million, compared to a net loss of approximately RMB 10.6 million in the first half of 2023[76]. Assets and Liabilities - Non-current assets decreased to RMB 72,253 as of June 30, 2024, from RMB 80,004 at the end of 2023, reflecting a decline of 9.1%[10]. - Total assets increased to RMB 285,878 as of June 30, 2024, compared to RMB 282,828 at the end of 2023, showing a growth of 1.1%[11]. - Total equity rose to RMB 145,454 as of June 30, 2024, compared to RMB 143,808 at the end of 2023, marking an increase of 1.1%[11]. - Current liabilities increased to RMB 103,843 as of June 30, 2024, from RMB 102,850 at the end of 2023, a rise of 1.0%[11]. - Trade receivables from contracts with customers increased to RMB 48,408,000 as of June 30, 2024, up from RMB 39,913,000 as of December 31, 2023, representing a growth of approximately 21%[59]. - Trade payables increased to RMB 23,495,000 as of June 30, 2024, compared to RMB 19,659,000 as of December 31, 2023, reflecting an increase of approximately 19%[68]. - The Group's outstanding borrowings were RMB 47.8 million as of June 30, 2024, down from RMB 52.6 million at December 31, 2023[99]. - The gearing ratio improved to approximately 1.6% as of June 30, 2024, compared to 9.2% at December 31, 2023[104]. Revenue Breakdown - Total revenue for the six months ended June 30, 2024, was RMB 94,701,000, representing a 55.4% increase from RMB 60,977,000 for the same period in 2023[35]. - Revenue from transportation services was RMB 48,746,000, up 150.1% from RMB 19,458,000 in the prior year[44]. - Warehousing services generated revenue of RMB 17,509,000, an increase of 78.7% compared to RMB 9,812,000 in the previous year[44]. - In-plant logistics services revenue decreased to RMB 27,617,000, down 10.0% from RMB 31,043,000 in the same period last year[44]. - Customisation services contributed RMB 829,000, a rise from RMB 664,000, marking a 24.8% increase[44]. Cash Flow - For the six months ended June 30, 2024, net cash used in operating activities was RMB (25,694,000), compared to RMB (6,623,000) for the same period in 2023, indicating a significant increase in cash outflow[26]. - Net cash generated from investing activities was RMB 25,450,000 for the six months ended June 30, 2024, compared to RMB 8,738,000 in the previous year, showing a substantial increase[26]. - The net increase in cash and cash equivalents for the period was RMB 6,203,000, a notable rise from RMB 143,000 in the same period last year[26]. - Cash and cash equivalents at the end of the period amounted to RMB 82,796,000, up from RMB 55,392,000 as of June 30, 2023[26]. Corporate Governance and Structure - The board of directors includes six executive directors and four independent non-executive directors, indicating a diverse leadership structure[3]. - The company is listed on the Stock Exchange of Hong Kong with the stock code 1529, providing access to capital markets[4]. - The interim report will be made available to shareholders and can be accessed on the company's website[2]. - The management discussion and analysis section will provide insights into the company's performance and strategic direction[2]. - The Group's headquarters is located in Guangzhou, China, with a registered office in the Cayman Islands[27]. - The Audit Committee has reviewed the unaudited consolidated financial statements for the six months ended June 30, 2024, and confirmed compliance with applicable accounting standards[151]. Market and Industry Insights - The total logistics volume in China reached RMB 167.4 trillion, representing a year-on-year increase of 5.8%[74]. - The GDP of the PRC grew by 5% year-on-year in the first half of 2024, indicating a slowdown compared to the previous year[76]. - The logistics demand in the PRC is expected to continue its growth trajectory, driven by the manufacturing and e-commerce industries[77]. - The warehousing industry is anticipated to evolve towards intelligence and automation, enhancing efficiency and reducing operational costs[77]. - The logistics industry faces challenges such as rising energy prices and increased labor costs, impacting operational expenses[76]. Share Capital and Options - The total share capital increased to RMB 13,341,600,000 as of June 30, 2024, from RMB 11,412,800,000 as of December 31, 2023, indicating a growth of about 17%[70]. - The company issued a total of 192,880,000 ordinary shares at a price of HK$0.097 per share, representing a discount of approximately 11.82% to the closing price of HK$0.11 on April 19, 2024[131]. - The total number of share options granted to employees and directors as of June 30, 2024, is 69,000,000[140]. - The exercise price of the share options is HK$0.188 per share, with a validity period of ten years from the date of grant[138]. - The new share option scheme was adopted on November 23, 2023, and became effective upon listing approval on November 29, 2023[135]. Employee and Operational Insights - As of June 30, 2024, the Group employed 639 full-time employees, a slight decrease from 641 employees as of June 30, 2023[114]. - Employee benefits expenses rose from approximately RMB 31.8 million for the six months ended June 30, 2023, to approximately RMB 36.8 million for the same period in 2024, primarily due to increased average salary levels[88]. - The Group aims to optimize inventory management and enhance warehouse utilization to mitigate operational costs and maintain profitability[81].