Financial Performance - The company's revenue for the six months ended December 31, 2024, was RMB 33,687,000, a decrease of 14.3% compared to RMB 39,385,000 for the same period in 2023[4] - Gross profit for the same period was RMB 11,970,000, down 2.9% from RMB 12,329,000 in 2023[4] - Operating loss increased to RMB 7,237,000 from RMB 4,619,000 year-over-year, reflecting a deterioration in operational performance[4] - The net loss for the period was RMB 7,330,000, compared to a net loss of RMB 4,983,000 in the previous year, indicating a significant increase in losses[4] - The group reported a pre-tax loss of RMB 7,020,000 for the six months ended December 31, 2024, compared to a loss of RMB 5,939,000 for the same period in 2023[26] - Other income decreased by approximately 28% to RMB 5 million, while selling and distribution expenses rose from RMB 4 million to RMB 5 million[35] Assets and Equity - Total assets decreased to RMB 193,192,000 from RMB 201,915,000 as of June 30, 2024, showing a decline in asset value[5] - The company's cash and bank balances were RMB 104,093,000, slightly down from RMB 105,983,000 as of June 30, 2024[5] - The equity attributable to the owners of the company was RMB 184,829,000, down from RMB 192,745,000, indicating a reduction in shareholder equity[5] - The group’s total assets as of December 31, 2024, included RMB 493,718,000 in right-of-use assets[30] - The total equity of the group was RMB 192 million, with a debt-to-equity ratio of zero, indicating no bank loans or long-term debts[39] Operational Details - The company is primarily engaged in the sale of agricultural products, with revenue recognized at the point of transfer of control to customers[12] - Total employee costs for the six months ended December 31, 2024, were RMB 7,335,000, a decrease from RMB 7,834,000 in the same period in 2023[20] - The group's depreciation expense for property, plant, and equipment was RMB 1,300,000 for the six months ended December 31, 2024, down from RMB 1,559,000 in the same period in 2023[21] - The group leases various offices for operations, with lease terms ranging from 2 to 3 years[31] Customer Contributions - Customer A contributed RMB 3,406,000 and Customer C contributed RMB 9,309,000 to total revenue for the six months ended December 31, 2024, compared to RMB 5,056,000 and RMB 4,713,000 respectively for the same period in 2023[17] - Over 90% of the group's revenue from external customers is located in Hong Kong[15] - More than 90% of the group's non-current assets are primarily from China[16] Governance and Compliance - The financial results are unaudited and have been reviewed by the company's auditor, indicating a level of oversight in the reporting process[8] - The company has complied with the corporate governance code, except for the combined roles of the Chairman and CEO, which the board believes is effective under the current leadership[45] - The audit committee consists entirely of independent non-executive directors, ensuring compliance with listing rules and possessing relevant financial expertise[47] - The audit committee has reviewed the interim financial report, indicating ongoing oversight of financial performance[48] - All directors confirmed compliance with the standards of conduct for securities trading during the six months ending December 31, 2024[50] Future Plans - The group plans to focus on digital construction in agricultural production and promote its self-developed smart farm management system[37] - The group aims to address issues in agricultural production and sales through a new operating model that enhances information flow and market access[37] - The group will closely monitor industry trends and allocate resources to seize growth opportunities when market conditions improve[37] Shareholder Actions - The company proposed a share consolidation and capital reduction effective December 27, 2024, and a further split effective February 6, 2025[42] - The company plans a share consolidation of 20 existing shares into 1 new share with a par value of HKD 2.00, followed by a capital reduction to reduce the par value to HKD 0.01 per share[44] - The capital reduction will eliminate any fractional shares resulting from the consolidation and will reduce the company's accumulated losses[44] Dividends - The group did not recommend any interim dividend for the six months ended December 31, 2024, consistent with the previous year[24] Share Performance - The company reported a basic and diluted loss per share of RMB 0.04, consistent with the previous year[4] - The average number of ordinary shares outstanding for calculating basic and diluted loss per share was approximately 164,779,100 for both periods[26]
超大现代(00682) - 2025 - 中期业绩