Revenue Performance - Revenue for the six months ended June 30, 2025, was RMB 20,810,000, a decrease of 7.4% compared to RMB 22,494,000 for the same period in 2024[3] - For the six months ended June 30, 2025, total revenue was RMB 20,810,000, a decrease of 7.5% compared to RMB 22,494,000 for the same period in 2024[16] - Revenue from resort operations was RMB 14,211,000, down 37% from RMB 22,494,000 in the previous year, primarily due to a decline in ticket and dining revenues[16] - Revenue from the company's hot spring resort and hotel operations decreased by approximately 36.8% to about RMB 14,200,000 compared to the previous year[52] - Revenue from admission tickets decreased by approximately 29.7% to about RMB 4,900,000 compared to the previous year[52] - Revenue from themed hotel room sales decreased by approximately 18.3% to about RMB 6,100,000 compared to the previous year[52] - The group recorded revenue of approximately RMB 20,800,000 for the period, a decrease of about 7.5% compared to RMB 22,500,000 in the same period last year[54] - Revenue from the resort and hotel operations decreased by approximately 36.8% to about RMB 14,200,000, primarily due to declines in ticket sales, room revenue, and dining income[54] Financial Losses - Gross loss for the period was RMB 4,109,000, slightly improved from a gross loss of RMB 4,405,000 in the previous year[3] - Operating loss increased to RMB 26,084,000 from RMB 23,246,000 year-on-year, reflecting a rise of 12.0%[3] - The company reported a net loss of RMB 30,636,000 for the period, compared to a net loss of RMB 27,621,000 in the same period last year, representing an increase of 7.3%[3] - The total comprehensive loss for the period was RMB (28,225,000), which includes a foreign exchange loss of RMB (604,000)[9] - The company incurred a loss before tax of RMB (32,016,000) for the period, with a tax expense of RMB 1,380,000, leading to a total loss of RMB (30,636,000)[20] - The group recorded a gross loss for the period of RMB 4,100,000, a decrease of about RMB 300,000 or 6.7% from RMB 4,400,000 in the previous year[56] - The group reported a loss before tax of approximately RMB 32,000,000, an increase of about 9.3% from RMB 29,300,000 in the same period last year[57] - Net loss increased by approximately RMB 3,000,000 or 10.9% to about RMB 30,600,000, compared to RMB 27,600,000 in the previous year[59] Assets and Liabilities - Total assets as of June 30, 2025, were RMB 937,475,000, down from RMB 958,528,000 at the end of 2024[4] - Total liabilities decreased to RMB 780,842,000 from RMB 784,031,000, indicating a reduction of 0.3%[5] - The company’s total equity decreased to RMB 156,633,000 from RMB 174,497,000, reflecting a decline of 10.2%[5] - The company’s total assets as of June 30, 2025, amounted to RMB 937,475,000, with total liabilities of RMB 780,843,000, resulting in a net asset position of RMB 156,632,000[20] - As of June 30, 2025, the group had bank loans of approximately RMB 215,000,000, with about RMB 80,200,000 at fixed interest rates[62] - The capital debt ratio increased from approximately 1.38 to 1.54, primarily due to a decrease in total equity[62] Cash Flow and Liquidity - Cash and cash equivalents increased to RMB 8,326,000 from RMB 1,450,000, showing a significant improvement in liquidity[4] - The company reported a net cash outflow from operating activities of RMB (6,151,000) for the six months ended June 30, 2025, compared to a net inflow of RMB 8,182,000 in the same period of 2024[10] - The company’s financing activities generated a net cash inflow of RMB 12,824,000 for the six months ended June 30, 2025, compared to a cash outflow of RMB (7,928,000) in the same period of 2024[10] - Cash and cash equivalents increased to RMB 8,326,000 at the end of June 30, 2025, compared to RMB 2,811,000 at the end of June 30, 2024[10] Shareholder Information - The company has not declared or paid any dividends for the six months ended June 30, 2025, consistent with the previous period[28] - Basic loss per share for the six months ended June 30, 2025, was RMB (2.6), compared to RMB (2.4) for the same period in 2024[30] - The company has adopted a share option scheme since November 18, 2016, which became unconditional on December 9, 2016, with a duration of 10 years[73] - As of June 30, 2025, the total number of share options granted under the scheme was 92,627,400, with 58,817,400 remaining after accounting for cancellations[74] - The exercise price for options granted in 2024 is set at HKD 0.1, with a total of 23,100,000 options available for exercise from June 27, 2025[74] - The group does not recommend any interim dividend for the six months ended June 30, 2025, consistent with the previous year[67] Business Strategy and Operations - The company continues to focus on enhancing its position in the hot spring and hotel industry by replicating its business model and providing management services to other hot spring resorts[46] - The company plans to expand its tourism property development business by adopting standardized development procedures for more efficient resource utilization[46] - The company is actively monitoring the quality and quantity of its hot spring water sources to mitigate risks associated with geological changes[49] - The company is planning to expand its tourism property projects in collaboration with Guangdong Aoyuan[80] - The company aims to enhance its market presence through strategic partnerships and new developments[80] Compliance and Governance - The audit committee reviewed the unaudited condensed consolidated financial results for the six months ending June 30, 2025, and confirmed compliance with applicable accounting standards[77] - The company has complied with the corporate governance code during the reporting period, emphasizing the importance of good governance for sustainable growth[72] - There are no management or administrative contracts related to significant parts of the company's business in effect during the reporting period[71] - The company has no interests in any competing businesses held by directors or major shareholders during the reporting period[70] Miscellaneous - No significant events affecting the company's business operations occurred after the financial period ending June 30, 2025[75] - The company has not purchased, redeemed, or sold any of its securities during the six months ending June 30, 2025[76] - The fair value of share options estimated at the grant date was approximately HKD 2,700,000, based on various inputs including a share price of HKD 0.1[74] - The financial results will be published on the Hong Kong Stock Exchange website for at least seven days[82] - The company is committed to maintaining transparency and accuracy in its financial disclosures[82]
古兜控股(08308) - 2025 - 中期业绩