Financial Performance - For the six months ended June 30, 2025, the company reported revenue of RMB 9,910,000, a decrease of 24.5% compared to RMB 13,067,000 for the same period in 2024[8] - The gross profit for the same period was RMB 463,000, down 62.7% from RMB 1,240,000 in 2024[8] - The company recorded a loss before tax of RMB 613,000, compared to a loss of RMB 245,000 in the previous year, indicating a worsening financial performance[8] - Basic loss per share for the period was RMB 0.12, compared to RMB 0.05 in the prior year, reflecting increased losses[8] - For the six months ended June 30, 2025, the company reported a net loss of approximately RMB 613,000[15] - The group reported a loss attributable to shareholders of approximately RMB 613,000 for the six months ended June 30, 2025, an increase of about RMB 364,000 from RMB 249,000 for the same period in 2024[42] - The gross profit margin for the six months ended June 30, 2025, was 4.67%, down from 9.49% for the same period in 2024, primarily due to rising raw material costs[42] Assets and Liabilities - As of June 30, 2025, total current assets were RMB 6,057,000, a decrease from RMB 12,041,000 as of December 31, 2024[9] - The company's current liabilities increased to RMB 60,227,000 from RMB 65,607,000, indicating a slight improvement in managing liabilities[9] - The net debt position as of June 30, 2025, was RMB 54,058,000, compared to RMB 53,445,000 at the end of 2024, showing a marginal increase in debt[9] - The company had cash and bank balances of RMB 3,535,000, significantly down from RMB 11,999,000 at the end of 2024, indicating liquidity challenges[9] - Total assets as of June 30, 2025, amounted to RMB 6,169 million, a decrease from RMB 12,162 million as of December 31, 2024[24] - Total liabilities as of June 30, 2025, were RMB 60,227 million, down from RMB 65,607 million as of December 31, 2024[24] - The group has a capital deficiency of approximately RMB 54,058,000 as of June 30, 2025, indicating significant financial uncertainty[15] Cash Flow - The company experienced a net cash outflow from operating activities of RMB 4,526,000 for the six months ended June 30, 2025, compared to a net cash inflow of RMB 7,000 in 2024[11] - Cash and cash equivalents decreased to RMB 3,535,000 at the end of June 30, 2025, down from RMB 3,726,000 at the end of June 30, 2024[11] - The company plans to enhance measures to increase operating cash flow and closely monitor administrative expenses and operating costs[15] Revenue Breakdown - Revenue from the sale of controller systems increased to RMB 8,629,000, up 7.6% from RMB 8,019,000 in 2024[22] - Revenue from the sale of CNC machine optical products decreased significantly to RMB 1,281,000, down 74.7% from RMB 5,048,000 in 2024[22] Shareholder Information - A total of 322,675,000 shares, representing approximately 64.535% of the issued share capital, have been pledged by the controlling shareholder to an independent third party[57] - Mr. He holds 370,000,000 domestic shares, representing approximately 74.00% of the total issued shares as of June 30, 2025[58] - Major shareholders include Ruoyuan Robot, holding 370,000,000 domestic shares, which is 74.00% of the registered capital[61] - Other major shareholders include Hangzhou Qindie and Zhuji Jinfeng, both holding 370,000,000 domestic shares, representing 74.00% of the registered capital[61] - Shaoxing Qinyuan holds 47,325,000 domestic shares, representing approximately 12.79% of the total issued shares[61] - The major shareholder, Mr. He Yanggen, holds 370,000,000 domestic shares, representing 100.00% of controlled corporation equity and 74.00% of the registered capital[62] - Martin Currie China Hedge Fund Limited and Martin Currie Investment Management Limited each hold 14,245,000 H-shares, accounting for 10.96% of the total shares and 2.85% of the registered capital[62] Corporate Governance - The board of directors confirmed compliance with the trading standards and code of conduct during the reporting period[67] - The company has adhered to all corporate governance code provisions, except for the absence of a CEO position, with daily operations managed by executive directors and senior management[69] - The audit committee, consisting of three independent non-executive directors, reviewed the accounting standards and internal controls for the six months ending June 30, 2025[71] - There are no share option schemes or equity incentives granted to directors, supervisors, or employees during the reporting period[70] - The company has not disclosed any changes in the information of directors and supervisors as per GEM Listing Rules[68] Future Plans and Strategies - The company is committed to improving its financial performance and exploring new strategies for market expansion and product development[8] - The group aims to explore business opportunities in intelligent control systems for heavy industry, such as applications in industrial robots, amid increasing competition in the controller systems market[48] - The group plans to continue purchasing a series of processing equipment to develop new products and enhance product innovation and market expansion[41] - The group has signed cooperation letters of intent with multiple agents, primarily in the metal casting and precision machinery sectors, to expand its market presence[41] Other Information - The company has not adopted new accounting standards that have been issued but are not yet effective as of June 30, 2025[17] - The company has not reported any income tax expenses for the six months ended June 30, 2025, compared to RMB 4,000 in the same period of 2024[31] - No dividends were declared for the six months ended June 30, 2025, consistent with the previous year[32] - The company has not purchased, sold, or redeemed any listed securities during the reporting period[64] - No significant events have occurred after the reporting period as of the report date[55] - The company has no known interests or conflicts of interest in any business directly or indirectly competing with the group[66]
瑞远智控(08249) - 2025 - 中期业绩