Financial Performance - The group's unaudited consolidated revenue for the six months ended June 30, 2024, was approximately RMB 806.0 million, an increase of 3.1% compared to the same period last year[1]. - The profit attributable to the owners of the company for the six months ended June 30, 2024, was approximately RMB 21.6 million, a decrease of 25.1% compared to the same period last year[1]. - The EBITDA from continuing operations for the six months ended June 30, 2024, was approximately RMB 97.8 million, a decrease of 16.8% compared to RMB 117.6 million for the same period last year[1]. - Total comprehensive income for the period was RMB 14.9 million, compared to RMB 24.3 million for the same period last year[4]. - The basic earnings per share from continuing operations for the six months ended June 30, 2024, was RMB 5.32, down from RMB 12.47 for the same period last year[4]. - The company reported a pre-tax profit from continuing operations of RMB 26,641,000 for the period[19]. - The company reported a net profit before tax from continuing operations of RMB 60,571 thousand for the six months ended June 30, 2024[23]. - The company reported a net loss of RMB 501,000 for the six months ended June 30, 2024, significantly improved from a net loss of RMB 22,944,000 in the same period of 2023[32]. Revenue Breakdown - The revenue from cookie products was RMB 623,618,000, contributing significantly to the total revenue, while the revenue from noodle products and flour products were RMB 68,132,000 and RMB 145,474,000 respectively[19]. - The cookie segment generated revenue of approximately RMB 621.6 million, a decline of 11.1% year-on-year, accounting for 77.1% of total revenue[57]. - The pasta segment reported revenue of approximately RMB 68.1 million, an increase of 15.2% year-on-year, representing 8.4% of total revenue[57]. - The flour segment generated revenue of approximately RMB 92.2 million, accounting for 11.4% of total revenue[57]. Cash Flow and Liquidity - The net cash inflow from operating activities for the six months ended June 30, 2024, was approximately RMB 44.2 million, an increase of approximately RMB 44.9 million compared to the same period last year[1]. - As of June 30, 2024, the company had available undrawn bank financing of approximately RMB 82,823,000, which supports its liquidity position[10]. - The company expects to generate sufficient cash inflows from operating activities within the anticipated timeframe[10]. - The cash inflow from operating activities for the first half of 2024 was approximately RMB 44.2 million, showing a significant increase of 6,337.5% year-on-year[54]. - The net cash inflow from operations was approximately RMB 44.2 million, an increase of approximately RMB 44.9 million or 6,337.5% year-on-year[65]. Expenses and Costs - The total administrative expenses amounted to RMB 45,690 thousand for the six months ended June 30, 2024[23]. - Research and development expenses increased to RMB 25,939 thousand in 2024 from RMB 24,978 thousand in 2023, reflecting a growth of approximately 3.9%[25]. - The total depreciation and amortization expenses increased to RMB 52,892 thousand in 2024 from RMB 40,147 thousand in 2023, an increase of approximately 31.8%[29]. - Sales and distribution expenses were approximately RMB 97.2 million, a slight decrease of 0.1% year-on-year, attributed to effective control over logistics and distribution networks[61]. - Administrative expenses increased by approximately RMB 7.9 million or 17.3% to RMB 53.6 million, mainly due to the expansion of production facilities to meet customer demand[62]. Assets and Liabilities - Non-current assets, including property, plant, and equipment, amounted to RMB 698.8 million as of June 30, 2024, compared to RMB 696.9 million as of December 31, 2023[5]. - Current liabilities totaled RMB 863.7 million as of June 30, 2024, compared to RMB 881.1 million as of December 31, 2023, indicating a reduction in liabilities[7]. - The total equity of the company as of June 30, 2024, was RMB 981,784,000, a slight decrease from RMB 1,004,013,000 at the end of 2023[16]. - The company’s total liabilities decreased from RMB 295,637,000 to RMB 287,790,000, reflecting improved financial management[16]. - Trade receivables and notes amounted to RMB 42,372,000 as of June 30, 2024, down from RMB 63,124,000 as of December 31, 2023[43]. - Trade payables totaled RMB 89,456,000 as of June 30, 2024, a decrease from RMB 138,677,000 as of December 31, 2023[46]. Corporate Governance and Future Outlook - The company has adopted the corporate governance code and has complied with its principles since the listing date, with a commitment to maintaining high standards of corporate governance[68]. - The audit committee consists of four independent non-executive directors who continuously review the accounting principles and financial reporting of the group[71]. - The company remains cautiously optimistic about achieving satisfactory results in business operations for the second half of the year, focusing on operational efficiency and brand awareness[66]. - The board decided not to declare an interim dividend, focusing on cash flow management for the second half of the fiscal year[73].
嘉士利集团(01285) - 2024 - 中期业绩