Financial Performance - Revenue for the six months ended December 31, 2024, was RMB 116,273,000, representing an increase of 60.2% compared to RMB 72,536,000 for the same period in 2023[4] - Gross profit for the same period was RMB 45,479,000, up 150.1% from RMB 18,154,000 in 2023[4] - Operating profit for the six months was RMB 15,824,000, a significant recovery from an operating loss of RMB 5,667,000 in the previous year[4] - Net profit attributable to the owners of the company was RMB 15,810,000, compared to a loss of RMB 5,680,000 in the same period last year[4] - Basic and diluted earnings per share for the period were RMB 1.52, compared to a loss per share of RMB 0.55 in 2023[4] - The group reported customer contract revenue of RMB 116,273 thousand for the six months ended December 31, 2024, compared to RMB 72,536 thousand for the same period in 2023, representing an increase of 60.2%[19] - The group recorded a pre-tax profit of RMB 18,131 thousand for the six months ended December 31, 2024, compared to RMB 17,247 thousand for the same period in 2023, indicating an increase of 5.1%[21] - The company reported a total comprehensive income before tax of RMB 15,810,000, contrasting with a loss of RMB 5,680,000 in the previous year[36] Cash Flow and Liquidity - Cash generated from operating activities was RMB 23,299,000, a turnaround from cash used of RMB 9,324,000 in the previous year[14] - The company reported a net increase in cash and cash equivalents of RMB 23,976,000 for the period, compared to a decrease of RMB 35,025,000 in the previous year[14] - The company maintained a strong cash position with bank balances and cash totaling RMB 1,440,978,000 as of December 31, 2024[8] - The company maintained a strong liquidity position, with cash and cash equivalents amounting to approximately RMB 1,440,978,000 as of December 31, 2024[61] - The company has no bank borrowings as of December 31, 2024, maintaining a debt-free status[63] Assets and Equity - Total assets as of December 31, 2024, were RMB 1,724,578,000, compared to RMB 1,709,004,000 as of June 30, 2024[8] - The company’s total equity increased to RMB 1,706,413,000 from RMB 1,690,688,000 as of June 30, 2024[10] - The total equity attributable to owners increased by approximately RMB 15,725,000 to RMB 1,706,413,000 as of December 31, 2024[64] - As of December 31, 2024, the company's debt-to-equity ratio is approximately 0.06, up from 0.05 as of June 30, 2024[65] Expenses and Costs - The cost of sales and services for the six months ended December 31, 2024, was RMB 70,794 thousand, up from RMB 54,382 thousand in 2023, marking an increase of 30.3%[24] - The group incurred research and development expenses of RMB 1,793 thousand for the six months ended December 31, 2024, compared to RMB 1,690 thousand in 2023, reflecting an increase of 6.1%[24] - Employee costs (excluding directors' remuneration) for the period are approximately RMB 18,131,000, compared to RMB 17,247,000 for the six months ended December 31, 2023[70] Segment Performance - Reportable segment revenue for the automation instruments and technology products reached RMB 116,273,000, a significant increase from RMB 72,536,000 in the previous year, representing a growth of approximately 60%[34] - The adjusted operating profit for the automation instruments and technology products segment was RMB 26,118,000, compared to a loss of RMB 1,487,000 in the previous year[34] - The automation instruments and technology products segment generated a profit of approximately RMB 26,118,000, a significant improvement from a loss of RMB 1,487,000 in the previous year[49] Tax and Compliance - The group did not recognize any tax provision in Hong Kong for both periods due to no taxable profits generated[26] - The group expects no significant impact from the newly issued accounting standards on current or future reporting periods[19] - The Audit Committee reviewed the unaudited interim results for the six months ended December 31, 2024, and confirmed compliance with relevant accounting standards and regulations[92] - The interim financial report will be published on the Hong Kong Stock Exchange website and the company's website, ensuring all required information is disclosed to shareholders[93] Other Information - The company did not declare any dividends for the six months ended December 31, 2024, nor for the same period in 2023[45] - The company has no major investments or acquisitions of subsidiaries, associates, or joint ventures during the period[68][69] - There are no significant contingent liabilities as of December 31, 2024[76] - The company has no capital commitments that have not been provided for in the interim financial report as of December 31, 2024[75] - The company has not utilized any financial instruments to hedge foreign exchange risks during the period[74] - The employee headcount as of December 31, 2024, is 445, an increase from 436 as of June 30, 2024[70] - The company has adopted a share option scheme allowing for the grant of options totaling 103,750,000 shares, representing 10% of the issued shares as of the announcement date[78]
中国高精密(00591) - 2025 - 中期业绩