Financial Performance - For the fiscal year ending June 30, 2024, the company's revenue was approximately RMB 47,600,000, compared to RMB 58,717,000 for the fiscal year ending June 30, 2023, representing a decrease of about 19%[1] - The profit attributable to the owners of the company for the fiscal year 2024 was approximately RMB 200,000,000, a significant recovery from a loss of RMB 10,800,000 in the fiscal year 2023[1] - The total comprehensive income attributable to the owners for the fiscal year 2024 was approximately RMB 204,000,000, compared to a total comprehensive loss of RMB 10,100,000 in the fiscal year 2023[1] - Basic earnings per share for fiscal year 2024 were RMB 29.79, a recovery from a loss of RMB 9.80 per share in fiscal year 2023[1] - The company reported a net profit of RMB 200,013 thousand for the year ended June 30, 2024, compared to a net loss of RMB 10,800 thousand for the year ended June 30, 2023[15] - In fiscal year 2024, the company recorded a profit of approximately RMB 200,000,000, compared to a loss of approximately RMB 10,800,000 in fiscal year 2023[53] - The total comprehensive income attributable to the owners of the company for fiscal year 2024 was approximately RMB 204,000,000, while the total comprehensive expense for fiscal year 2023 was approximately RMB 10,100,000[53] Revenue Breakdown - Total revenue for the group decreased to RMB 47,606 thousand in 2024 from RMB 58,717 thousand in 2023, representing a decline of approximately 19%[13] - Forestry business revenue increased to RMB 32,521 thousand in 2024 from RMB 25,603 thousand in 2023, a growth of about 27%[15] - The ginseng business generated total revenue of approximately RMB 15,100,000 in fiscal year 2024, including RMB 12,540,000 from purchased ginseng and RMB 2,560,000 from self-cultivated ginseng[43] - The forestry management business generated revenue of approximately RMB 32,500,000 from the sale of 16,260 cubic meters of timber in fiscal year 2024[41] Expenses and Costs - The gross profit for fiscal year 2024 was RMB 1,897,000, down from RMB 11,510,000 in fiscal year 2023, indicating a decline in profitability[3] - Administrative expenses increased by 11.8% to approximately RMB 21,500,000 in fiscal year 2024, up from RMB 19,200,000 in fiscal year 2023[48] - The total employee costs for the year were RMB 3,308,000, down from RMB 5,326,000 in the previous year, reflecting a reduction of 37.9%[27] - The company incurred costs of RMB 32,522,000 for harvested timber, an increase from RMB 25,603,000 in the previous year[27] - The depreciation expense for right-of-use assets was RMB 4,880,000, compared to RMB 2,509,000 in the previous year, indicating a significant increase[27] Assets and Liabilities - The company's capital-to-debt ratio improved to approximately 92.7% in fiscal year 2024, down from 325.2% in fiscal year 2023, a decrease of 232.5 percentage points[1] - Total assets increased to RMB 178,166 thousand in 2024 from RMB 140,643 thousand in 2023, reflecting a growth of approximately 27%[17] - Total liabilities decreased significantly to RMB 165,203 thousand in 2024 from RMB 457,351 thousand in 2023, a reduction of about 64%[17] - The total assets less current liabilities amounted to RMB 12,963,000 in fiscal year 2024, a significant improvement from a negative net asset position of RMB (316,708,000) in fiscal year 2023[7] - As of June 30, 2024, the company had total assets of approximately RMB 178,200,000 and net assets of approximately RMB 13,000,000[54] Debt and Financing - The company reported a debt restructuring gain of RMB 202,024,000 in fiscal year 2024, which contributed significantly to the overall profit[3] - Financing costs from continuing operations for fiscal year 2024 were approximately RMB 3,200,000, a decrease of about 72.4% from RMB 11,700,000 in fiscal year 2023[52] - The company issued 140,000,000 shares at an issue price of HKD 0.55, raising approximately HKD 77,000,000 (approximately RMB 70,610,000) as part of the creditor plan[51] - As of June 30, 2024, there were no outstanding unsecured corporate bonds, compared to approximately HKD 279,769,000 as of June 30, 2023[58] - The company has not experienced significant foreign exchange or interest rate volatility risks during the fiscal year 2024, and currently has no foreign exchange hedging policies in place[62] Dividends - The company did not recommend any dividend distribution for fiscal year 2024, consistent with fiscal year 2023[1] - The company did not declare or propose any dividends for the year ended June 30, 2024, consistent with the previous year[28] - The company has not proposed any dividends for the fiscal year 2024, consistent with the previous fiscal year[69] Auditor and Governance - The independent auditor's report expressed a qualified opinion regarding the fair value measurement of certain assets, specifically artificial forest assets valued at RMB 48,420,000 and ginseng assets at RMB 22,000,000 as of June 30, 2023[35] - The board and audit committee acknowledged the auditor's qualified opinion and confirmed their agreement with the auditor's findings[37] - The audit committee was established in September 2009, consisting of three independent non-executive directors[76] - The audit committee reviews the company's financial reporting processes and internal control systems before submitting interim and annual reports to the board[76] - The company has adopted all the corporate governance code provisions as per the listing rules and believes it has complied with them during the fiscal year 2024[73] Employee Information - The company has a total of 33 employees and management personnel as of June 30, 2024, an increase from 18 employees in the previous year[65] - The total employee cost for the reporting period is approximately RMB 3,300,000, compared to RMB 5,300,000 in the previous fiscal year[65]
中国健康科技集团(01069) - 2024 - 年度业绩