Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 266,546,000, representing a 76% increase from RMB 151,388,000 in the same period of 2023[12] - Gross profit for the same period was RMB 133,952,000, up 44% from RMB 92,711,000 year-on-year[12] - Operating profit increased to RMB 34,069,000, a 50% rise compared to RMB 22,734,000 in 2023[12] - Profit for the period was RMB 25,450,000, which is a 55% increase from RMB 16,430,000 in the previous year[12] - Profit attributable to owners of the Company was RMB 24,963,000, compared to RMB 13,027,000 in 2023, marking an increase of 92%[12] - Total comprehensive income for the period was RMB 29,985,000, up from RMB 17,115,000 in the same period last year, reflecting a 75% increase[13] - Basic and diluted earnings per share increased to RMB 0.03 from RMB 0.02 year-on-year[13] - The Company reported a profit of RMB 24,963,000 for the six months ended June 30, 2024, compared to RMB 13,027,000 for the same period in 2023, indicating an increase of 91.0%[22] Expenses and Liabilities - Selling and marketing expenses rose to RMB 47,287,000, up from RMB 32,563,000, indicating a 45% increase[12] - General and administrative expenses increased to RMB 53,639,000 from RMB 41,338,000, reflecting a 30% rise[12] - Non-current liabilities decreased to RMB 4,097,000 from RMB 7,173,000, a reduction of 42.9%[18] - Current liabilities totaled RMB 210,448,000, slightly up from RMB 203,812,000, reflecting an increase of 3.2%[18] - Trade payables increased from RMB 14,083,000 as of December 31, 2023, to RMB 26,020,000 as of June 30, 2024, representing an 84.5% increase[154] - Amounts due to related parties decreased from RMB 22,232,000 to RMB 11,825,000, a reduction of 46.2%[154] - Other payables increased from RMB 75,427,000 to RMB 65,773,000, a decrease of 12.8%[154] Assets and Cash Flow - Total assets increased to RMB 1,144,183,000 as of June 30, 2024, up from RMB 902,574,000 as of December 31, 2023, representing a growth of 26.8%[17] - Cash and cash equivalents rose significantly to RMB 362,679,000, compared to RMB 145,823,000 at the end of 2023, marking an increase of 148.0%[17] - The Company’s reserves increased to RMB 669,618,000 as of June 30, 2024, compared to RMB 459,737,000 at the end of 2023, an increase of 45.6%[22] - The company reported a total cash outflow from operations of RMB 20,615,000 for the six months ended June 30, 2024, which is an increase of 102% from RMB 10,194,000 in 2023[24] - Cash inflow from investing activities was RMB 35,774,000 for the six months ended June 30, 2024, compared to an outflow of RMB 3,709,000 in the same period of 2023, representing a significant turnaround[24] - Cash and cash equivalents at the end of the period increased to RMB 362,679,000, up from RMB 100,423,000 at the end of June 2023, reflecting a growth of 261%[26] Revenue Segmentation - Revenue from Mainland China was RMB 263,952,000, representing a significant increase of 75% compared to RMB 151,009,000 in 2023[80] - Segment results for IP creation and new retail were RMB 60,584,000 and RMB 73,368,000 respectively, totaling RMB 133,952,000 for the first half of 2024[75] - Sales of health management and skincare products generated RMB 108,615,000, up from RMB 87,483,000 in the previous year, marking a 24% growth[82] - Revenue from production of TV programs was RMB 87,184,000, a new addition to the revenue streams as there was no revenue reported in the same period of 2023[82] - The IP creation and operation segment contributed approximately 58.8% of the total revenue in 1H2024, with revenue increasing by approximately 149.8% from RMB62.7 million in 1H2023 to RMB156.6 million in 1H2024[197] Shareholder Returns - The company declared special dividends of HK$60,000,000 to shareholders, reflecting a strategic return of capital from the share premium account[150] - The company did not declare an interim dividend for the six months ended June 30, 2024, consistent with the previous year[150] - The total issued ordinary shares increased from 721,360,000 as of June 30, 2023, to 833,338,500 as of June 30, 2024, representing an increase of 15.5%[146] Taxation and Compliance - Current income tax expense for the six months ended June 30, 2024, was RMB 14,702,000, significantly higher than RMB 6,250,000 in the same period of 2023[90] - The PRC corporate income tax rate remained at 25% for the six months ended June 30, 2024, consistent with the previous year[96] - The Group's entities in Hong Kong are subject to profits tax of 8.25% for the first HK$2 million of assessable profits and 16.5% on the remaining profits, unchanged from the previous year[95] Financial Position and Risk Management - The Group's net cash position as of June 30, 2024, was RMB (350,460,000), compared to RMB (158,113,000) as of December 31, 2023[63] - The Group's financial risk management focuses on minimizing adverse effects from market risks, credit risks, and liquidity risks[51] - The Group's financial risk management policies have not changed since December 31, 2023[55] - The Group is assessing the impacts of new accounting standards that will become effective in future reporting periods[47]
巨星传奇(06683) - 2024 - 中期财报