Financial Performance - For the six months ended June 30, 2024, the group achieved a consolidated revenue of RMB 211,568,049, representing a year-on-year growth of 16.24% compared to RMB 185,915,928 for the same period in 2023[2] - The consolidated gross profit for the same period was RMB 12,115,570, reflecting a significant year-on-year increase of 76.90% from RMB 6,848,825 in 2023[2] - The loss attributable to equity holders of the company for the six months ended June 30, 2024, was RMB 4,123,183, a reduction from a loss of RMB 11,250,040 in the same period of 2023[3] - The basic loss per share for the period was RMB 0.218, improved from RMB 0.594 per share in the previous year[3] - Revenue from fertilizer products and elderly care services reached RMB 211,314,827 for the six months ended June 30, 2024, up from RMB 181,559,688 in 2023, indicating a growth of approximately 16.4%[9] - The company reported a basic loss per share of RMB (4,123,183) for the six months ended June 30, 2024, compared to RMB (11,250,040) in 2023, showing an improvement in loss[14] Assets and Liabilities - The total assets as of June 30, 2024, amounted to RMB 310,052,847, compared to RMB 303,277,966 as of December 31, 2023[4] - Current assets totaled RMB 200,402,798 as of June 30, 2024, an increase from RMB 190,341,927 at the end of 2023[4] - Current liabilities were RMB 224,172,039 as of June 30, 2024, compared to RMB 216,842,145 at the end of 2023[5] - Non-current assets were valued at RMB 109,650,049 as of June 30, 2024, down from RMB 112,936,039 at the end of 2023[4] - The total asset value of the group was approximately RMB 310,052,847 as of June 30, 2024, compared to RMB 303,277,966 as of December 31, 2023, with total liabilities of RMB 224,172,039[33] - The company's debt-to-asset ratio increased to 0.81 as of June 30, 2024, from 0.79 as of December 31, 2023, while the capital debt ratio rose to 0.30 from 0.22[33] Cash Flow and Financing - Cash and bank balances increased to RMB 18,199,595 as of June 30, 2024, from RMB 5,934,322 at the end of 2023[4] - The company reported a net cash flow from operating activities of RMB 8,044,015 for the six months ended June 30, 2024, compared to RMB 1,915,186 for the same period in 2023, representing a significant increase[6] - The company incurred financing expenses of RMB 1,977,660 for the six months ended June 30, 2024, compared to RMB 1,521,452 in 2023, reflecting an increase of about 30%[10] - The company had a financing cash flow net amount of RMB 4,970,000 for the six months ended June 30, 2024, compared to no financing cash flow in the same period of 2023[6] - The company did not incur any income tax expenses for the six months ended June 30, 2024, compared to RMB (41) in 2023, indicating a tax relief situation[12] Operational Highlights - The company has strengthened market sales management and adjusted product structure based on market demand, leading to steady progress in the compound fertilizer business[26] - The company is actively developing elderly health resource allocation services, including the rental of assistive devices and the sale of elderly food products[28] - The company has reserved a large amount of low-cost raw materials to ensure profit margins amid market price fluctuations[28] - The company is focused on providing management consulting services to other elderly care institutions and plans to build its own elderly care facilities when appropriate[27] - The aging population in China, with 300 million people aged 60 and above, presents a significant opportunity for the company to expand its elderly care services and related businesses[38] - The company is focusing on developing elderly health resource allocation services, including rental of assistive devices and sales of elderly food products, with plans to expand into more categories[38] Shareholder Information - As of June 30, 2024, Tianjin Economic and Technological Development Zone State-owned Assets Management Co., Ltd. holds 182,500,000 shares, representing 9.63% of the total share capital[43] - Guangdong Jiamei Ecological Technology Co., Ltd. owns 180,000,000 shares, accounting for 9.50% of the total share capital[43] - Green Field Fertilizer holds 120,000,000 shares, which is 6.33% of the total share capital[43] - The company did not declare any interim dividend for the six months ended June 30, 2024[52] - No new share option schemes were approved during the period ending June 30, 2024[47] - The company did not repurchase any of its shares during the review period[50] Governance and Compliance - The audit committee consists of three independent non-executive directors, ensuring effective communication regarding financial reporting[46] - The company has complied with all provisions of the corporate governance code except for the separation of the roles of chairman and CEO[51] - There were no management contracts signed for overall business or any major business operations during the first half of 2024[48] - The board of directors has not been aware of any other individuals holding 5% or more of the issued share capital during the review period[44] Market Risks - The company faces minimal foreign currency risk as all sales and payments to suppliers are settled in RMB[35] - The company's liquidity ratio was 0.89 as of June 30, 2024, slightly up from 0.88 as of December 31, 2023[33]
泰达生物(08189) - 2024 - 中期财报