Financial Performance - Revenue decreased by 1.6% to RMB 139,203,000 compared to RMB 141,536,000 in the previous year[2] - Operating loss increased by 52.9% to RMB 33,236,000 from RMB 21,734,000[2] - Net loss attributable to owners increased by 44.3% to RMB 32,735,000 from RMB 22,692,000[2] - Basic and diluted loss per share was RMB 3.16, compared to RMB 2.19 in the previous year[2] - Gross profit was RMB 35,026,000, slightly up from RMB 34,994,000[2] - The group's revenue from customer contracts for the year ended June 30, 2024, was RMB 139,203 thousand, a decrease of 1% from RMB 141,536 thousand in 2023[9] - The reported segment loss for the year ended June 30, 2024, was RMB (20,032) thousand, compared to a loss of RMB (18,702) thousand in 2023, indicating a deterioration in performance[11] - Revenue from external customers in China (excluding Hong Kong) was RMB 138,776 thousand in 2024, down from RMB 141,501 thousand in 2023, reflecting a decline of approximately 2%[15] - The cost of sales and services for the year was RMB 104,177 thousand, a slight decrease from RMB 106,542 thousand in the previous year[16] - Research and development expenses recognized as an expense were RMB 7,878 thousand in 2024, significantly lower than RMB 11,958 thousand in 2023, indicating a reduction in R&D investment[16] - The group reported bank interest income of RMB 2,873 thousand for the year ended June 30, 2024, down from RMB 3,789 thousand in 2023[13] - The fair value loss on investment properties was RMB (7,223) thousand in 2024, compared to a gain of RMB 2,041 thousand in 2023, showing a significant negative shift[13] - The total depreciation of property, plant, and equipment was RMB 22,701 thousand in 2024, slightly lower than RMB 23,703 thousand in 2023[16] - The group's revenue for the year was approximately RMB 139,203,000, a decrease of about 1.6% compared to RMB 141,536,000 in the previous year, primarily due to reduced demand in certain downstream markets and intense competition in the automation and watch instrument sectors[30] - Gross profit for the year was approximately RMB 35,026,000, slightly up from RMB 34,994,000 in the previous year, while operating loss increased to approximately RMB 33,236,000 from RMB 21,734,000, largely due to a fair value loss of RMB 7,223,000 in investment properties[31] - The loss attributable to shareholders for the year was approximately RMB 32,735,000, compared to RMB 22,692,000 in the previous year, reflecting the adverse factors mentioned[32] - Basic and diluted loss per share for the year was RMB 3.16, up from RMB 2.19 in the previous year[33] Assets and Equity - Total assets decreased to RMB 1,709,004,000 from RMB 1,739,416,000[4] - Non-current assets decreased to RMB 273,970,000 from RMB 273,377,000[4] - Inventory decreased to RMB 17,566,000 from RMB 21,265,000[4] - Cash and cash equivalents decreased to RMB 1,417,002,000 from RMB 1,444,580,000[4] - Total equity decreased to RMB 1,690,688,000 from RMB 1,720,592,000[5] - Trade and other receivables amounted to approximately RMB 69,486,000, a decrease from RMB 72,348,000 in the previous year, with a provision for impairment losses of RMB 6,677,000[22] - Trade and other payables were approximately RMB 14,735,000, down from RMB 26,344,000 in the previous year, indicating improved cash flow management[23] - As of June 30, 2024, the group's cash and cash equivalents amounted to approximately RMB 1,417,002,000, down from RMB 1,444,580,000 in the previous year[33] - The group maintained a healthy liquidity position, with a debt-to-equity ratio of approximately 0.05 as of June 30, 2024, unchanged from the previous year[34] Future Outlook and Strategy - The company has no major expansion plans due to global market instability, indicating a cautious approach to future development[27] - The industrial automation control systems manufacturing sector is expected to experience stable demand due to ongoing capital expenditures and maintenance needs across various downstream industries[28] - The company is positioned as a leading enterprise in the domestic industrial automation control systems sector, with increasing demand for domestically produced high-end instruments and equipment[29] Dividends and Shareholder Information - The company has not declared or proposed any dividends for the year ending June 30, 2024[19] - The board did not recommend any final dividend for the year, consistent with the previous year[41] - The company will suspend share registration from December 11, 2024, to December 16, 2024, to determine shareholder voting rights at the annual general meeting[51] Reporting and Governance - The group is currently evaluating the potential impact of new Hong Kong Financial Reporting Standards that have been issued but are not yet effective, with further information to be disclosed when reasonable estimates are available[8] - The company has not reported any internal segment sales for both years, indicating a focus on external customer revenue generation[12] - The management provided updates on the company's performance, condition, and outlook every six months instead of monthly, including consolidated financial statements and key event summaries[46] - The audit committee reviewed the group's financial performance for the year ending June 30, 2024[50] - The annual financial results have been audited and are consistent with the preliminary announcement figures[52] - The annual report for the year 2024 will be sent to shareholders and published on the company's website and the stock exchange website[53] Investment and Funding - The net proceeds from the public offering amounted to approximately HKD 1,043,000,000, with significant allocations for production facility construction (approximately HKD 711,000,000) and R&D (approximately HKD 129,000,000)[35] - As of June 30, 2024, the group had utilized approximately HKD 652,000,000 for production facility construction and approximately HKD 207,000,000 for R&D[35] - The group had no significant investments or acquisitions of subsidiaries, associates, or joint ventures during the year[36][37]
中国高精密(00591) - 2024 - 年度业绩