Revenue and Income - For the six months ended June 30, 2025, the group's revenue decreased by approximately RMB 13.1 million or 42.8% to about RMB 17.5 million compared to approximately RMB 30.6 million for the same period in 2024[11]. - The decline in revenue was primarily due to a significant reduction in income from financing leasing consulting services and interest income from sale-and-leaseback arrangements[11]. - The group's revenue decreased by approximately RMB 13.1 million or 42.8% to about RMB 17.5 million, primarily due to a significant reduction in income from financing leasing consulting services and interest income from sale-and-leaseback arrangements[14]. - Income from financing leasing consulting services was approximately RMB 15.3 million, down about RMB 8.2 million or 34.9% from RMB 23.5 million in the same period last year[14]. - Interest income from sale-and-leaseback arrangements was approximately RMB 1.3 million, a decrease of about RMB 3.0 million or 69.4% compared to RMB 4.3 million in the previous year[14]. - Total revenue for the six months ended June 30, 2025, was RMB 17,474,987, a decrease of 42.8% compared to RMB 30,566,622 for the same period in 2024[74]. - Financing lease income was RMB 99,233, up from RMB 87,003, reflecting a growth of 14.3% year-over-year[57]. - Income from automotive financing leases was RMB 38,742, down 55.5% from RMB 87,003 in the previous year[74]. - Income from equipment financing leases was RMB 60,491, with no prior year comparison available[74]. Loss and Financial Performance - The group recorded a loss before tax of approximately RMB 24.0 million, a decrease of about 595.0% compared to a profit before tax of approximately RMB 4.8 million for the same period last year[11]. - The group recorded a pre-tax loss of approximately RMB 24.0 million, a decrease of about 595.0% compared to a pre-tax profit of RMB 4.8 million in the same period last year[25]. - The company reported a net loss of RMB 23,969,669 for the six months ended June 30, 2025, compared to a profit of RMB 4,368,828 in the same period of 2024[58]. - Basic and diluted loss per share for the period was RMB (2.50), compared to earnings of RMB 0.46 per share in the previous year[58]. - The company reported a net loss of RMB (23,966,386) for the six months ended June 30, 2025, compared to a profit of RMB 4,396,787 for the same period in 2024[63]. - The company recognized a net increase in loss provisions of RMB 2,140,388 during the reporting period[102]. Operating Expenses and Cost Management - Employee costs were approximately RMB 3.1 million, a reduction of about RMB 3.0 million or 49.4% from RMB 6.1 million in the previous year due to business contraction and workforce reduction[18]. - Other operating expenses decreased by approximately RMB 5.9 million or 28.7% to about RMB 14.7 million from RMB 20.6 million in the same period last year[19]. - Total operating expenses for the six months ended June 30, 2025, amounted to RMB 14,685,095, down 28.7% from RMB 20,591,207 in the same period of 2024[82]. - Employee costs decreased to RMB 3,105,598 from RMB 6,137,607, a reduction of 49.3%[57]. Cash Flow and Financial Position - As of June 30, 2025, the company's cash and bank deposits amounted to RMB 50.2 million, down from RMB 59.9 million as of June 30, 2024, representing a decrease of approximately 12.8%[27]. - The net cash used in operating activities for the reporting period was RMB 14.9 million, compared to a net cash generated of RMB 69.9 million in the same period last year, indicating a significant decline[28]. - The net cash generated from investing activities was RMB 2.3 million, while the previous year recorded a net cash used of RMB 8.4 million, showing an improvement in cash flow from investments[28]. - Cash and cash equivalents at the end of the reporting period were RMB 50,240,338, down from RMB 63,136,427 at the beginning of the period, a decrease of approximately 20.4%[64]. - The company's equity attributable to owners decreased to RMB 162,638,777 from RMB 186,605,163, a decline of about 12.8%[61]. - The company has no significant contingent liabilities as of June 30, 2025, maintaining a stable financial position[34]. - The company reported no borrowings, resulting in a debt-to-equity ratio of zero, indicating a strong capital structure[30]. Provisions and Receivables - The group confirmed a loss provision for finance guarantee contracts of approximately RMB 2.1 million due to increased default risk from clients[24]. - The group recognized a loss provision of approximately RMB 10.7 million for other receivables due to an increase in outstanding balances, with no provision recognized in the same period last year[22]. - The provision for losses on receivables increased to RMB 12,032,213 as of June 30, 2025, from RMB 1,356,094 at the end of 2024[86]. - The loss provision for finance lease receivables increased to RMB 16,616,484 as of June 30, 2025, from RMB 16,060,232 at the beginning of the year[91]. - The company’s receivables from financing leases increased to RMB 2,112,232 from RMB 1,678,772, representing a growth of about 25.8%[60]. - The total receivables from finance leases amounted to RMB 20,753,964, with a present value of RMB 17,739,004[90]. Business Strategy and Future Outlook - The group has been actively considering diversification of its existing business and broadening its revenue sources to enhance shareholder returns[13]. - The company has no specific major investment or capital asset plans as of the mid-report date, indicating a cautious approach to capital allocation[38]. - The company did not engage in any purchases, sales, or redemptions of its listed securities during the reporting period[53]. - The company has no new strategies or market expansions disclosed in the current report[56]. - The company expects that the adoption of new or revised International Financial Reporting Standards will not have a significant impact on its financial position or performance in future periods[71]. Management and Governance - Total remuneration for key management personnel increased to RMB 1,384,375 for the six months ended June 30, 2025, compared to RMB 1,282,054 for the same period in 2024, reflecting a growth of approximately 8%[120]. - There were no changes in the board of directors' information that required disclosure since the last annual report[54]. Financial Assets and Liabilities - The fair value of financial assets measured at fair value through profit or loss increased to RMB 6,605,940 as of June 30, 2025, compared to RMB 6,560,537 at the end of 2024, reflecting a net fair value change of RMB 45,403 during the reporting period[110]. - The company believes that the carrying amounts of financial assets and liabilities measured at amortized cost approximate their fair values as of June 30, 2025, and December 31, 2024[123].
METROPOLIS CAP(08621) - 2025 - 中期业绩