Financial Performance - For the six months ended September 30, 2024, the group recorded revenue of approximately RMB 340.9 million, a decrease of about RMB 17.7 million or approximately 4.9% compared to the same period last year[2]. - The loss attributable to the company's owners for the six months ended September 30, 2024, was approximately RMB 36.2 million, an increase of about RMB 15.8 million or approximately 77.2% compared to the same period last year[2]. - The basic loss per share for the six months ended September 30, 2024, was RMB 0.03, an increase of RMB 0.01 compared to RMB 0.02 for the same period in 2023[2]. - The group's gross profit for the six months ended September 30, 2024, was RMB 48.0 million, down from RMB 63.8 million in the same period last year[5]. - The company reported a net loss of RMB 36.8 million for the period, compared to a net loss of RMB 21.0 million in the same period last year[11]. - The group reported unaudited revenue of RMB 340,904,000 for the six months ended September 30, 2024, a decrease of 5% compared to RMB 358,629,000 for the same period in 2023[22]. - The operating lease revenue was RMB 137,962,000, down from RMB 141,664,000, while crane services revenue decreased to RMB 188,880,000 from RMB 210,019,000[22]. - Gross profit decreased by approximately 24.7% to RMB 48.0 million for the six months ended September 30, 2024, with a gross profit margin dropping from 17.8% to 14.1%[57]. Assets and Liabilities - Total assets as of September 30, 2024, amounted to RMB 3,218.2 million, an increase from RMB 3,077.9 million as of March 31, 2024[7]. - Total liabilities as of September 30, 2024, were RMB 1,833.6 million, compared to RMB 1,656.5 million as of March 31, 2024[9]. - The company's cash and cash equivalents as of September 30, 2024, were RMB 174.8 million, an increase from RMB 138.9 million as of March 31, 2024[7]. - The total contract assets amounted to RMB 218,458,000 as of September 30, 2024, compared to RMB 259,855,000 as of March 31, 2024, reflecting a decrease of approximately 16%[20]. - As of September 30, 2024, the total borrowings amounted to RMB 1,180,253,000, an increase of 7.7% from RMB 1,095,881,000 as of March 31, 2024[43]. - The total trade payables and notes payable increased to RMB 394,648,000 as of September 30, 2024, compared to RMB 327,771,000 as of March 31, 2024, marking a rise of 20.4%[46]. Cash Flow and Financing - Financing costs totaled RMB 32,957,000 for the six months ended September 30, 2024, an increase of 6.4% from RMB 30,971,000 in the same period of 2023[23]. - The weighted average effective interest rates for borrowings in RMB decreased slightly to 4.9% as of September 30, 2024, from 5.0% as of March 31, 2024[45]. - The company issued multi-currency commercial paper under the SDAX financing program on October 9, 2024, with a maturity of approximately three months and an interest rate of 5.4%[82]. Dividends and Shareholder Returns - The group did not recommend the payment of an interim dividend for the six months ended September 30, 2024[2]. - The group did not recommend any dividend payment for the six months ended September 30, 2024, consistent with the previous year[27]. - No dividend payment is recommended for the six months ending September 30, 2024, consistent with 2023[76]. Employee and Operational Metrics - The total employee benefits expenditure for the six months ending September 30, 2024, was RMB 40.6 million, a decrease of 13.2% compared to the same period in 2023, primarily due to a reduction in employee numbers[80]. - The company employed a total of 691 employees as of September 30, 2024, down from 1,069 employees as of September 30, 2023[80]. - The company managed a total of 1,193 tower cranes as of September 30, 2024, making it the second-largest tower crane fleet in China's market[51]. Market and Competitive Landscape - The average service price per ton-meter for tower cranes decreased from RMB 225 to RMB 208, impacting the group's revenue[2]. - The average monthly service price per ton-meter for tower cranes decreased from RMB 225 to RMB 208, impacting the company's revenue[52][55]. - The company is actively shifting towards thermal power and nuclear power projects in response to the slow recovery of the domestic construction industry[50]. - The average effective tax rate for the six months ended September 30, 2024, was estimated at 5.3%, significantly lower than 21.3% for the same period in 2023[26]. Accounting and Reporting - The group has not made any retrospective adjustments due to the adoption of revised accounting standards, maintaining consistency in accounting policies[15]. - The group is currently evaluating the impact of the new Hong Kong Financial Reporting Standard No. 18 on the presentation and disclosure of financial performance in its financial statements[17]. - The audit committee reviewed the unaudited interim financial results for the six months ending September 30, 2024, and found no disagreements regarding the accounting principles and practices used[87]. - The interim results announcement for the six months ending September 30, 2024, has been published on the Hong Kong Stock Exchange website and the company's website[88].
达丰设备(02153) - 2025 - 中期业绩