Financial Performance - The unaudited revenue for the six months ended June 30, 2024, was approximately RMB 22,317,000, a decrease of about 8.0% compared to RMB 24,250,000 for the same period in 2023[2][3]. - The loss attributable to the owners of the company for the period was approximately RMB 14,725,000, resulting in a loss per share of RMB 4.14[3][4]. - The total comprehensive income for the period attributable to the owners of the company was RMB 11,615,000, compared to RMB 13,736,000 for the same period in 2023[4][6]. - The overall operating loss before tax was RMB 14,725,000, compared to a loss of RMB 827,000 in the same period of 2023[12]. - The company reported a significant loss of RMB 18,160,000 from fair value changes of financial assets recognized in profit or loss[14]. - The company reported a basic loss per share of approximately RMB 14,725,000 for the six months ended June 30, 2024, compared to RMB 827,000 for the same period in 2023, reflecting a significant increase in losses[16]. - Total revenue for the first half of 2024 was RMB 22,317,000, a decline of 8.0% compared to RMB 24,250,000 in the same period of 2023[10]. Cash Flow and Assets - The net cash used in operating activities for the six months ended June 30, 2024, was RMB (1,109,000), compared to RMB (1,592,000) for the same period in 2023[7]. - The cash and cash equivalents at the end of June 30, 2024, were RMB 1,806,000, compared to RMB 2,984,000 at the end of June 30, 2023[7]. - The total assets less current liabilities as of June 30, 2024, were RMB 346,735,000, a slight decrease from RMB 351,611,000 as of December 31, 2023[5]. - The company's total equity as of June 30, 2024, was RMB 287,140,000, down from RMB 292,726,000 as of December 31, 2023[5][6]. - As of June 30, 2024, the group's current assets are approximately RMB 238,870,000, up from RMB 211,587,000 on December 31, 2023, while current liabilities increased to RMB 33,493,000 from RMB 27,055,000[24]. - The current ratio as of June 30, 2024, is approximately 7.1 times, down from 7.8 times on December 31, 2023[24]. - The debt-to-asset ratio is approximately 24.5% as of June 30, 2024, compared to 22.7% on December 31, 2023[24]. Revenue Breakdown - Revenue from the processing and trading of electronic components decreased to RMB 7,048,000, down 21.7% from RMB 9,008,000 in the prior year[10]. - Revenue from the electronic components processing and trading business decreased by approximately RMB 1,960,000 or 21.8% to about RMB 7,048,000, while interest income from the lending business slightly increased by about RMB 27,000 or 0.2%[20]. - Interest income from lending of RMB 15,269,000 for the six months ended June 30, 2024, a slight increase from RMB 15,242,000 in the same period of 2023, representing a growth of 0.18%[10]. - The company reported a segment profit of RMB 5,914,000 from lending activities, up 23.7% from RMB 4,779,000 in the previous year[11]. Expenses and Liabilities - The company incurred financial expenses of RMB 2,173,000, an increase from RMB 2,095,000 in the previous year[15]. - The total employee costs for the period were RMB 8,607,000, significantly lower than RMB 26,927,000 in the same period of 2023[15]. - General and administrative expenses decreased by approximately RMB 4,658,000 or 32.2% to about RMB 9,824,000, mainly due to reduced company activities during the period[20]. - Financial expenses increased by approximately RMB 78,000 or 3.7% to RMB 2,173,000, primarily due to interest expenses on unsecured bonds[20]. Shareholder Information - The company did not recommend the payment of an interim dividend for the period[3]. - The company did not recommend any interim dividend for the six months ended June 30, 2024, consistent with the previous year[15]. - As of June 30, 2024, the company has 2,140,000 shares held by Mr. Feng Ke Ming and Ms. He Yuan Qi, representing approximately 0.60% of the total issued shares each[35]. - No significant changes in shareholdings were reported among directors or major shareholders as of June 30, 2024[36]. - The company has a total of 33,047,205 share options available for grant under the share option scheme as of June 30, 2024[37]. - The fair value of share options granted on April 8, 2022, was estimated at approximately HKD 2,434,000 (approximately RMB 1,975,000)[38]. - The expected volatility for the share options was set at 90.18%, based on historical volatility[38]. Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the interim results and found no significant issues[42]. - The company confirmed compliance with the GEM Listing Rules regarding directors' securities transactions during the reporting period[45]. - There were no undisclosed interests or potential conflicts of interest reported among directors and major shareholders during the period[40]. - The company has not disclosed any information indicating non-compliance with the corporate governance code during the reporting period, except for independent non-executive directors not attending all shareholder meetings[46]. - The company has not implemented any hedging policies for foreign exchange risks during the period but will continue to monitor such risks[25]. Other Information - The company has no significant investments or capital asset plans as of June 30, 2024[30]. - There are no major contingent liabilities as of June 30, 2024[33]. - The company has no pledged assets for loans as of June 30, 2024[26]. - The company did not engage in any purchase, sale, or redemption of its shares during the reporting period[43]. - No significant events occurred after the reporting period and up to the report date[47]. - The board of directors includes the following directors as of the report date[47].
皓文控股(08019) - 2024 - 中期财报