Financial Performance - The company reported revenue of approximately RMB 84,162,000 for the six months ended June 30, 2024, representing an increase of approximately 231% compared to approximately RMB 25,447,000 for the corresponding period in 2023[8]. - Profit attributable to owners of the company for the six months ended June 30, 2024, amounted to approximately RMB 27,582,000, compared to RMB 14,009,000 for the same period in 2023[8]. - Basic earnings per share for the six months ended June 30, 2024, were RMB 32.79 cents, down from RMB 37.86 cents for the six months ended June 30, 2023[8]. - Total comprehensive income for the period attributable to owners of the Company was RMB 27,639,000, compared to RMB 13,953,000 in 2023, reflecting an increase of about 98.5%[11]. - The total comprehensive income for the period was RMB 27,639,000, up from RMB 14,024,000 in the same period last year, marking an increase of about 96.5%[17]. - The company reported a significant increase in profits, indicating a positive trend in financial performance compared to the previous year[71]. Dividends and Share Capital - The board of directors did not declare any interim dividend for the six months ended June 30, 2024, compared to nil for the same period in 2023[8]. - The Company did not declare any dividend for the six months ended 30 June 2024, consistent with the previous year where no interim dividend was declared[71]. - The Group's share capital remained at RMB 407,450,000 as of June 30, 2024, unchanged from December 31, 2023, with a total of 5,000,000,000 authorized ordinary shares[87]. - The number of issued shares decreased from 1,731,433,000 at the beginning of the year to 70,671,000 at the end of June 2024 due to share consolidation and capital reduction[87]. - The Company completed a capital reorganization on 22 March 2023, consolidating every 50 ordinary shares into one consolidated share[75]. Assets and Liabilities - Current assets increased to RMB 174,413,000 as of June 30, 2024, from RMB 97,239,000 as of December 31, 2023, showing a growth of approximately 79.4%[13]. - Total equity attributable to owners of the Company increased to RMB 86,773,000 from RMB 55,075,000, reflecting a rise of about 57.6%[15]. - Non-current liabilities rose to RMB 89,912,000 as of June 30, 2024, compared to RMB 58,905,000 at the end of 2023, an increase of approximately 52.7%[15]. - The Group's consolidated assets as of June 30, 2024, were RMB 86,773,000, representing an increase of approximately RMB 31,698,000 compared to RMB 55,075,000 as of December 31, 2023[120]. - As of June 30, 2024, the Group had no significant contingent liabilities or charges on its assets[130]. Cash Flow and Financing - The net cash used in operating activities was RMB (1,101,000), an improvement from RMB (6,373,000) in the previous year, indicating a reduction in cash outflow[19]. - The company generated RMB 4,008,000 from financing activities, a significant decrease from RMB 23,552,000 in the prior year, reflecting changes in financing strategies[19]. - Cash and cash equivalents at the end of the period stood at RMB 19,202,000, compared to RMB 22,119,000 at the end of June 2023, showing a decrease of approximately 13.3%[19]. - The Group had no borrowings as of June 30, 2024, maintaining a gearing ratio of 0%[104]. - The Group's interest expenses decreased by approximately 21% to RMB 83,000 from RMB 105,000 for the corresponding period of last year[100]. Business Operations and Strategy - The company aims to enhance its market position through strategic initiatives and potential market expansions[8]. - The company is engaged in property development and financial services, with plans for market expansion and new product offerings in the PRC[23]. - The company aims to strengthen its competitiveness and develop its financial platform in the context of advancements in financial business in Mainland China[111]. - The company plans to actively participate in tendering for different projects to expand its customer base and secure more financial needs from existing customers[111]. - The company will continue to allocate resources prudently to meet increasingly innovative industry standards for customer demand[111]. Compliance and Governance - The company is committed to providing accurate and complete information in compliance with the GEM Listing Rules[5]. - The report emphasizes the potential risks associated with investing in small and mid-sized companies listed on GEM[4]. - The consolidated financial statements have been prepared in accordance with all Hong Kong Financial Reporting Standards (HKFRS) and applicable disclosures required by the Rules Governing the Listing Securities on GEM of the Hong Kong Stock Exchange[27]. - The audit committee, comprising three independent non-executive directors, has reviewed the unaudited condensed consolidated results for the six months ended June 30, 2024, ensuring compliance with applicable accounting standards and GEM Listing Rules[155]. - The Board believes the Company has met the Corporate Governance Code provisions as outlined in the GEM Listing Rules[151]. Future Outlook - The directors expect continued growth in platform services and interest income as part of the Group's future outlook[48]. - The Group anticipates that the application of new and amended HKFRSs will have no material impact on the consolidated financial statements in the foreseeable future[47]. - The outlook reflects the company's current views, which are subject to material changes[111].
汇联金融服务(08030) - 2024 - 中期业绩