Financial Performance - Revenue for the six months ended June 30, 2025, was RMB 119,066,000, an increase of 7.3% compared to RMB 110,456,000 for the same period in 2024[10] - Gross profit for the same period was RMB 41,346,000, representing a gross margin of 34.7%, up from RMB 38,276,000 in 2024[10] - The company reported a pre-tax loss of RMB 2,016,000, significantly improved from a loss of RMB 6,155,000 in the previous year[10] - Net loss for the period was RMB 3,084,000, compared to RMB 6,155,000 in the same period last year, indicating a reduction in losses by 50%[10] - The segment profit for oral care products was RMB 8,366 thousand for the six months ended June 30, 2025, down from RMB 11,849 thousand in the same period of 2024, indicating a decline of approximately 29.0%[29] - The segment revenue from household hygiene products was RMB 90,844 thousand for the six months ended June 30, 2025, up from RMB 71,699 thousand in the same period of 2024, representing an increase of approximately 26.6%[29] - The company reported a loss attributable to owners of the company of RMB (3,084) thousand for the six months ended June 30, 2025, compared to a loss of RMB (6,155) thousand for the same period in 2024, indicating a 50% improvement in losses year-over-year[36] - The company experienced a net loss of approximately RMB 3.1 million, a reduction of about 49.9% compared to a net loss of RMB 6.2 million in the same period last year[58][63] Assets and Liabilities - Total assets as of June 30, 2025, were RMB 260,068,000, slightly down from RMB 264,170,000 at the end of 2024[12] - Current liabilities decreased to RMB 40,684,000 from RMB 70,943,000, reflecting a significant reduction of 42.5%[12] - Total liabilities decreased to RMB 41,616 thousand as of June 30, 2025, from RMB 72,797 thousand as of December 31, 2024, reflecting a significant reduction of approximately 42.8%[31] - Trade and other receivables decreased to RMB 47,862,000 from RMB 63,968,000, a decline of 25.2%[12] - Trade receivables from third parties decreased to RMB 24,342 thousand as of June 30, 2025, down from RMB 33,983 thousand as of December 31, 2024, indicating a decline of 28.4%[41] - The total trade and other payables decreased to RMB 22,767 thousand as of June 30, 2025, from RMB 37,298 thousand as of December 31, 2024, showing a reduction of 38.9%[47] Cash Flow - Cash and cash equivalents were RMB 67,887,000, down from RMB 82,120,000, indicating a decrease of 17.4%[12] - For the six months ended June 30, 2025, the net cash used in operating activities was RMB (4,176) thousand, an improvement from RMB (13,100) thousand in the same period of 2024[19] - The group’s net cash decrease for the six months ended June 30, 2025, was RMB (14,861) thousand, an improvement from RMB (21,907) thousand in the same period of 2024[19] - The financing activities resulted in a net cash outflow of RMB 6,288 thousand for the six months ended June 30, 2025, compared to RMB 4,478 thousand in the same period of 2024, indicating an increase in cash outflow of approximately 40.4%[19] Operational Highlights - The company did not declare an interim dividend during the period, while a final dividend of HKD 0.38 per share was approved for the year ended December 31, 2023[38] - The group acquired property, plant, and equipment amounting to approximately RMB 5,175,000 thousand for the six months ended June 30, 2025, compared to RMB 4,836,000 thousand in 2024, representing an increase of 7.05%[39] - The company plans to invest nearly RMB 5 million in a dedicated production line for toilet cleaning liquid, expected to commence operations in Q3 2025[62] - The company will establish an office in Hangzhou to enhance its competitiveness in the e-commerce sector[62] - The company aims to increase investment in the sports sector to further enhance brand awareness due to the rising popularity of amateur sports events in Jiangsu Province[62] Governance and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results and found them compliant with applicable accounting standards[96] - The company has maintained sufficient public float as required by GEM listing rules since the listing date[99] - The company has adopted corporate governance principles and has complied with the relevant codes during the reporting period[97][98] - There are no known interests or conflicts of interest among directors or controlling shareholders in competing businesses[95] Shareholder Information - Ms. Li beneficially owns 593,625,000 shares, representing 59.36% of the company's equity[88] - Mr. Tong beneficially owns 106,875,000 shares, representing 10.69% of the company's equity[88] - Ms. Zhang, as Mr. Tong's spouse, also holds 106,875,000 shares, representing 10.69% of the company's equity[88] Employee and Administrative Costs - Employee costs for the period were approximately RMB 12.9 million, down from RMB 13.9 million in the same period last year, with a total of 278 full-time employees[80] - Administrative expenses decreased to approximately RMB 25.3 million from approximately RMB 26.6 million in the same period last year, a reduction of about RMB 1.4 million or 5.1%[68]
中国金典集团(08281) - 2025 - 中期财报