Financial Performance - Revenue for the six months ended December 31, 2024, was RMB 34,852,000, an increase of 5.1% compared to RMB 33,158,000 for the same period in 2023[5] - Gross profit for the same period was RMB 6,414,000, representing a gross margin of 18.4%, up from RMB 4,910,000 in 2023[5] - The company reported a loss before tax of RMB 58,000, a significant improvement from a loss of RMB 1,200,000 in the previous year[5] - The net loss for the period was RMB 1,113,000, compared to a net loss of RMB 1,485,000 in the same period last year, indicating a reduction in losses[5] - The company’s basic and diluted loss per share for the period was RMB 0.09, compared to RMB 0.06 in the same period last year[6] - The loss attributable to ordinary shareholders for the period was RMB 2,503,000, an increase from RMB 1,658,000 in the previous year, with basic loss per share of RMB 0.09 compared to RMB 0.06 last year[33] Cash Flow and Assets - Cash and cash equivalents decreased to RMB 41,885,000 from RMB 46,869,000 at the end of June 2024, reflecting a net decrease of RMB 5,335,000[11] - Total assets less current liabilities amounted to RMB 121,228,000, slightly down from RMB 122,054,000 as of June 30, 2024[9] - The company’s non-current assets totaled RMB 26,581,000, a slight decrease from RMB 26,760,000 at the end of June 2024[8] - Operating cash flow for the period was a net outflow of RMB 5,436,000, compared to a net outflow of RMB 1,617,000 in the previous year[11] - Trade receivables as of December 31, 2024, were RMB 31,228,000, slightly up from RMB 31,128,000 as of June 30, 2024, with an impairment of RMB 5,791,000[28] - Trade payables at the end of the reporting period amounted to RMB 5,148,000, an increase from RMB 3,138,000 as of June 30, 2024[30] - The net current assets were approximately RMB 94,647,000, slightly down from RMB 95,294,000 as of June 30, 2024[43] - The total equity attributable to owners decreased by RMB 2,152,000 to RMB 102,073,000 as of December 31, 2024, from RMB 104,225,000 as of June 30, 2024[43] Segment Performance - The group reported segment revenue of RMB 35,965 thousand for property development, leasing, and management services for the six months ended December 31, 2024, an increase of 4.5% from RMB 34,468 thousand in the same period of 2023[19] - Adjusted profit before tax for the segment was RMB 58 thousand for the six months ended December 31, 2024, compared to a loss of RMB 1,200 thousand in the same period of 2023[19] - The group’s total revenue from customer contracts for property management services was RMB 34,580 thousand for the six months ended December 31, 2024, up from RMB 32,786 thousand in 2023, representing a growth of 5.4%[21] - The cost of goods sold for the group was RMB 208 thousand for the six months ended December 31, 2024, down from RMB 341 thousand in the same period of 2023, indicating a decrease of 38.9%[22] - The group reported interest income of RMB 221 thousand for the six months ended December 31, 2024, compared to RMB 39 thousand in the same period of 2023, showing a substantial increase of 466.7%[21] Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the interim results for the six months ending December 31, 2024[70] - The company has adopted the corporate governance code as per the listing rules, with a noted deviation regarding the roles of the chairman and CEO[65] - The company has confirmed that all directors have complied with the standard code of conduct regarding securities transactions during the reporting period[66] - There are no significant interests held by directors in any competing businesses[67] - The company has no provisions in its articles of association or Cayman Islands law regarding pre-emptive rights for existing shareholders[68] Future Outlook and Strategic Plans - The company expects the Xuzhou project to contribute positively despite a challenging operating environment in the real estate sector[39] - The company plans to seek potential projects to expand its business in China in the future[41] - The group has no future significant investment plans or anticipated sources of funding as of December 31, 2024[53] Other Information - The group employed a total of 488 staff as of December 31, 2024, down from 496 in 2023, with total employment costs around RMB 3,675,000 during the period[46] - The group did not engage in any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the period[45] - The group declared no interim dividends for the six months ended December 31, 2024, consistent with the previous year[58] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[63] - There have been no significant events affecting the group since the end of the reporting period[71] - The interim report will be published on the Hong Kong Stock Exchange and the company's website[72] - The board of directors includes executive directors and independent non-executive directors, ensuring a diverse governance structure[73] - The group faces foreign currency risk due to certain financial assets and liabilities being denominated in foreign currencies, primarily HKD, but does not use any hedging arrangements[54] - The group has not engaged in any supplier financing arrangements, thus the recent accounting standard amendments had no impact on its financial statements[16]
京维集团(01195) - 2025 - 中期业绩