Financial Performance - For the fiscal year ending June 30, 2024, the company reported total revenue of RMB 71,415,000, a decrease of 4.8% from RMB 74,542,000 in the previous year[2] - The gross profit for the year was RMB 18,224,000, down 20% from RMB 22,743,000 year-on-year[2] - The company incurred a loss before tax of RMB 3,381,000, an improvement from a loss of RMB 10,101,000 in the previous year[2] - The net loss for the year was RMB 7,358,000, compared to a net loss of RMB 19,579,000 in the prior year, indicating a significant reduction in losses[3] - The company reported a basic and diluted loss per share of RMB 0.34, an improvement from RMB 0.80 in the previous year[3] - The total tax expense for the year was RMB 3,977,000, a decrease from RMB 9,478,000 in 2023, indicating a reduction of approximately 58.0%[29] - The company reported a total of RMB 2,677,000 in other income for 2024, up from RMB 2,248,000 in 2023, reflecting an increase of about 19.0%[26] Assets and Liabilities - Total assets less current liabilities amounted to RMB 122,054,000, down from RMB 128,921,000 in the previous year[5] - The company's cash and cash equivalents decreased to RMB 46,869,000 from RMB 63,469,000 year-on-year, reflecting a decline of 26.1%[4] - Non-current assets totaled RMB 26,760,000, slightly up from RMB 26,252,000 in the previous year[4] - The total liabilities of the company were RMB 104,634,000, with RMB 43,151,000 attributed to the property development segment[19] - The total equity attributable to the owners of the company decreased to RMB 104,225,000 from RMB 114,112,000 year-on-year[5] Segment Performance - Total segment revenue for property development, leasing, and management services reached RMB 73,409,000, with external customer sales contributing RMB 71,415,000[15] - The adjusted loss before tax for the segment was RMB 3,381,000, after accounting for corporate and other unallocated expenses of RMB 11,083,000[15] - Segment assets amounted to RMB 157,197,000, while total assets including corporate and other unallocated assets reached RMB 210,327,000[15] - The profit from property development, leasing, and management services for the year was approximately RMB 7,019,000, down from RMB 16,960,000 in 2023, representing a decline of about 58.6%[37] Impairments and Expenses - The company reported a financial asset impairment loss of RMB 5,788,000 and depreciation and amortization expenses of RMB 621,000[15] - The company incurred a loss of RMB 4,002,000 due to impairment of trade receivables in 2024, compared to RMB 956,000 in 2023, representing a substantial increase in impairment losses[27] Investments and Acquisitions - The group sold its gold mining segment on March 20, 2023, focusing on property-related services[13] - The company acquired 51% stakes in Shenzhen Hailian Property Management Co., Ltd. and Huizhou Huiyang Peninsula No. 1 Property Management Co., Ltd.[36] - The guaranteed net profit for Shenzhen Hailian and Huizhou Huiyang for the year ended December 31, 2023, was not less than RMB 6,200,000, which has been achieved[36] Governance and Compliance - The company has adopted new and revised Hong Kong Financial Reporting Standards, which did not impact the measurement, recognition, or presentation of any items in the financial statements[10] - The company has clarified the distinction between changes in accounting estimates and changes in accounting policies, ensuring consistency in its financial reporting[11] - The company has implemented new disclosure requirements related to international tax reforms, although these changes did not affect the group[12] - The board does not recommend a final dividend for the year ending June 30, 2024, consistent with the previous year[50] - The company has adhered to the corporate governance code, with a noted deviation regarding the roles of the Chairman and CEO being held by the same individual[50] - The audit committee has been established since May 2001, serving as a key link between the board and external auditors, overseeing financial reporting and risk management[51] Future Outlook - The group plans to enhance management services and provide customized services in the Xuzhou project, which is expected to contribute positively despite a challenging operating environment[39] - The group anticipates seeking potential projects to expand its business in China in the future[39] Miscellaneous - There were no purchases, sales, or redemptions of the company's listed securities during the year[53] - No significant events affecting the group have occurred since the end of the financial year[53] - The annual performance announcement for the year ending June 30, 2024, will be available on the Hong Kong Stock Exchange and the company's website[53]
京维集团(01195) - 2024 - 年度业绩