Financial Performance - The company reported revenue of approximately RMB 36,687,000 for the six months ended December 31, 2024, a decrease of 5.3% compared to RMB 38,752,000 for the same period in 2023[5]. - The gross profit for the period was approximately RMB 3,747,000, with a gross margin of 10.2%, up from 10.0% in the previous year[5][8]. - The net loss for the period increased to approximately RMB 26,471,000, compared to RMB 21,278,000 in the same period last year, representing a 24.4% increase in losses[12]. - For the six months ended December 31, 2024, the company's revenue was RMB 36,687,000, a decrease of 5.4% compared to RMB 38,752,000 for the same period in 2023[27]. - The gross profit for the same period was RMB 3,747,000, down from RMB 3,862,000, reflecting a decline of 3.0%[27]. - Operating loss increased to RMB 16,668,000 from RMB 12,750,000, representing a rise of 30.5% year-over-year[27]. - The company reported a net loss of RMB 26,471,000 for the period, compared to a net loss of RMB 21,278,000 in the previous year, indicating a 24.5% increase in losses[27]. Cash and Receivables - Cash and cash equivalents rose significantly to approximately RMB 16,839,000, a 251.1% increase from RMB 4,796,000 as of June 30, 2024[15]. - Trade receivables surged to approximately RMB 23,011,000, reflecting a 433.3% increase from RMB 4,315,000 as of June 30, 2024[15]. - The company's cash and cash equivalents increased significantly to RMB 16,839,000 from RMB 4,796,000, marking a growth of 251.5%[29]. - Trade and other receivables rose to RMB 26,387,000 from RMB 8,166,000, reflecting a substantial increase of 223.5%[29]. - The average trade receivables not overdue and not impaired amounted to RMB 23,011,000 as of December 31, 2023, a significant increase from RMB 4,315,000 as of June 30, 2023[47]. Inventory and Liabilities - Inventory decreased significantly by 71.9% to approximately RMB 10,299,000 from RMB 36,616,000 as of June 30, 2024[15]. - The company had a total current liabilities of RMB 404,921,000, up from RMB 385,601,000, which is an increase of 5.4%[31]. - Trade payables as of December 31, 2023, totaled RMB 6,129,000, up from RMB 2,186,000 as of June 30, 2023[51]. Costs and Expenses - Distribution costs rose by approximately 29.2% to RMB 964,000 from RMB 746,000 in the previous year[10]. - Financing costs increased to approximately RMB 9,803,000 from RMB 8,528,000 in the previous year[11]. - Financing costs increased to RMB 9,803,000 for the six months ended December 31, 2023, compared to RMB 8,528,000 in the same period of the previous year[42]. Dividend and Shareholder Information - The company has decided not to declare any interim dividend for the six months ended December 31, 2024[13]. - The company did not recommend an interim dividend for the six months ended December 31, 2023, consistent with the previous period[43]. - The weighted average number of ordinary shares for calculating basic and diluted loss per share was 340,558,265 for the six months ended December 31, 2023, compared to 275,224,298 for the same period in 2022[44]. - The company raised approximately HKD 74,710,000 from a share subscription, which was fully utilized for debt repayment and general working capital[58]. - The company has not issued any reward shares under its share incentive plan during the reporting period[59]. Corporate Governance - The audit committee has reviewed the financial information and internal controls, ensuring compliance with financial reporting standards during the reporting period[62]. - The mid-term report will be published on the Hong Kong Stock Exchange and the company's website, containing all information required by Appendix 16 of the Listing Rules[64]. - The board of directors includes executive directors Mr. Wu Shaohao and Mr. Wu Liantao, as well as independent non-executive directors Ms. Zhong Yingyi, Mr. Peng Weihao, and Ms. Yang Xuping[65]. Business Segments - The company operates in two segments: manufacturing and sales of frozen concentrated orange juice and related products, and manufacturing and sales of fresh orange juice products[37]. - Total revenue for the six months ended December 31, 2023, was RMB 38,752,000, with sales from frozen concentrated orange juice contributing RMB 30,425,000 and fresh orange juice contributing RMB 8,327,000[39]. - The group reported a pre-tax loss of RMB 21,278,000 for the six months ended December 31, 2023, with segment performance showing a loss of RMB 10,780,000[39]. Employee Incentives - The company has established an employee stock incentive plan since September 11, 2015, to enhance employee performance and retention[24].
森美控股(00756) - 2025 - 中期业绩