Financial Performance - For the six months ended June 30, 2024, the company reported revenue of RMB 13,067,000, an increase of 11.0% compared to RMB 11,777,000 for the same period in 2023[4] - Gross profit for the same period was RMB 1,240,000, representing a significant increase from RMB 718,000 in the previous year, indicating a gross margin improvement[4] - The company incurred a loss before tax of RMB 245,000, a substantial reduction from a loss of RMB 2,590,000 in the prior year, reflecting improved operational efficiency[4] - Basic loss per share for the period was RMB 0.05, compared to RMB 0.52 in the same period last year, showing a notable decrease in losses per share[4] - For the six months ended June 30, 2024, the company reported a net loss of approximately RMB 249,000[12] - The loss attributable to shareholders for the six months ended June 30, 2024, was approximately RMB 249,000, a reduction of about RMB 2,341,000 from RMB 2,590,000 for the same period in 2023[46] - The gross profit margin for the six months ended June 30, 2024, was 9.49%, up from 6.10% for the same period in 2023[46] - The financing cost for the six months ended June 30, 2024, was zero, a significant decrease from RMB 2,280,000 for the same period in 2023[30] Assets and Liabilities - Total current assets decreased to RMB 4,882,000 from RMB 13,173,000 as of December 31, 2023, primarily due to a reduction in cash and bank balances[5] - Current liabilities rose to RMB 57,409,000 from RMB 65,464,000, suggesting a decrease in short-term financial obligations[5] - As of June 30, 2024, the company's total liabilities amounted to approximately RMB 52,527,000, and accumulated losses reached RMB 52,396,000[12] - Total assets as of June 30, 2024, amounted to RMB 5,013,000, while total liabilities were RMB 57,409,000, indicating a stable financial position[23] - As of June 30, 2024, the company's current liabilities net amount was approximately RMB 52,527,000, compared to RMB 52,291,000 as of December 31, 2023[49] - As of June 30, 2024, the company had current assets of approximately RMB 4,882,000, down from RMB 13,173,000 as of December 31, 2023[50] Revenue Breakdown - Revenue from the sale of electronic equipment and components was RMB 8,019,000, while revenue from CNC machine tool optical products was RMB 5,048,000, totaling RMB 13,067,000 for the period[17] - The company experienced a significant increase in sales of CNC machine tool optical products, with revenue rising from RMB 2,979,000 in the previous year to RMB 5,048,000[17] - Major customers contributed over 10% of total revenue, with Customer A generating RMB 6,560,000 and Customer B generating RMB 5,047,000 for the six months ended June 30, 2024[27] Operational Strategy - The company is focused on enhancing operational efficiency and exploring new market opportunities to drive future growth[4] - The company plans to enhance measures to increase operating capital and cash flow, including closely monitoring administrative expenses and operating costs[12] - The company is committed to ongoing product development and market expansion strategies to improve financial performance[12] - The company has initiated manufacturing and sales of CNC machine optical products in China, marking a strategic expansion into new business areas[19] - The company is exploring business opportunities in intelligent control systems for heavy industries, such as those used in industrial robots[52] Shareholder and Governance Information - A major shareholder has confirmed financial support to ensure the company can continue operations for at least the next twelve months[12] - The company has maintained a stable capital structure with total equity of RMB 50,000,000, unchanged from the previous reporting period[5] - The total equity attributable to owners of the company decreased from RMB (48,633,000) to RMB (51,223,000) over the reporting period[6] - The company’s major shareholder, Ruiyuan Robot, holds 370,000,000 domestic shares, accounting for 74.00% of the total issued shares as of June 30, 2024[61] - The company’s board members and executives did not receive any rights to purchase shares during the reporting period[56] - The company has complied with all corporate governance codes as per GEM listing rules, except for not having a CEO position[70] Employee and Cost Management - Employee costs for the six months ended June 30, 2024, totaled RMB 361,000, up from RMB 284,000 in the same period in 2023, reflecting increased operational activities[32] - The company will continue to implement strict cost control measures in 2024 due to the increasing competition in the controller system market amid China's economic slowdown[52] Miscellaneous - The company did not declare any dividends for the six months ended June 30, 2024, consistent with the previous year[36] - The company has not declared any dividends for the six months ended June 30, 2024, consistent with the same period in 2023[48] - The company had 11 employees as of June 30, 2024, maintaining the same number as of December 31, 2023[54] - There were no assets pledged as of June 30, 2024, consistent with the situation as of December 31, 2023[55] - The company did not purchase, sell, or redeem any listed securities during the reporting period, and held no treasury shares as of June 30, 2024[66] - There were no reported interests or conflicts of interest among directors, supervisors, or controlling shareholders in any competing businesses during the reporting period[67] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated financial statements for the six months ending June 30, 2024[72]
瑞远智控(08249) - 2024 - 中期业绩