Financial Performance - Revenue for the six months ended June 30, 2025, amounted to approximately RMB 933.5 million, representing a decrease of approximately RMB 71.5 million or approximately 7.1% compared to the same period in 2024[14]. - Gross profit for the same period was approximately RMB 116.8 million, a decrease of approximately RMB 28.6 million or approximately 19.7% compared to the prior year[15]. - Net profit for the six months ended June 30, 2025, was approximately RMB 30.0 million, an increase of approximately RMB 6.5 million or approximately 27.7% compared to the same period in 2024[15]. - Basic and diluted earnings per share attributable to ordinary equity holders of the parent for the six months ended June 30, 2025, amounted to approximately RMB 0.01, a decrease of approximately RMB 0.01 or approximately 50% compared to the same period in 2024[16]. - The overall gross profit margin for the Group was 12.5% for the six months ended June 30, 2025[20]. - Profit attributable to equity holders of the parent decreased by approximately 40.4% to approximately RMB 9.3 million, with a profit margin of approximately 1.0%, down from approximately 1.6% in the same period of 2024[23]. - The Group's total revenue decreased by approximately 7.1% to approximately RMB 933.5 million for the six months ended 30 June 2025, compared to approximately RMB 1,005.0 million for the same period in 2024[22]. - Overall gross profit decreased by approximately 19.7% to approximately RMB 116.8 million, resulting in a gross profit margin of approximately 12.5%, down from approximately 14.5% in the same period of 2024[22]. Segment Performance - Revenue from battery materials segment was RMB 234.3 million, with a gross profit margin of -23.0%[20]. - Revenue from pigment intermediates was RMB 416.5 million, with a gross profit margin of 10.8%[20]. - Revenue from agricultural chemical intermediates was RMB 282.7 million, with a gross profit margin of 44.5%[20]. - Revenue from the battery materials segment decreased by approximately 16.9% to approximately RMB 234.3 million, accounting for approximately 25.1% of total revenue, down from approximately 28.1% in the same period of 2024[28]. - Revenue from dye intermediate products decreased by approximately 6.8% to approximately RMB 212.7 million, down from approximately RMB 228.1 million in the same period of 2024[35]. - The revenue from the dye and agricultural chemical intermediates segment decreased by approximately 17.1% to approximately RMB 416.5 million, accounting for about 44.6% of the Group's total revenue[39]. - The overall gross profit for the dye and agricultural chemical intermediates segment decreased by approximately 52.2% to approximately RMB 44.9 million, with a gross profit margin of approximately 10.8%[40]. - The pigment intermediates and new materials segment revenue increased by approximately 28.2% to approximately RMB 282.7 million, accounting for about 30.3% of total revenue[45]. - The overall gross profit for the pigment intermediates and new materials segment increased by approximately 53.3% to approximately RMB 125.9 million, with a gross profit margin of approximately 44.5%[46]. Dividends and Shareholder Information - The Board declared an interim dividend of RMB 0.015 per ordinary share for the six months ended June 30, 2025, compared to RMB 0.005 per ordinary share and a special dividend of RMB 0.025 per ordinary share for the same period in 2024[17]. - The total amount of the interim dividend is approximately RMB 14,531,000 based on the total number of issued shares of 968,722,500 as of the date of this report[141]. - As of June 30, 2025, the total number of issued shares was 970,918,000 shares[171]. - Mr. GE Yi holds 133,337,750 shares, representing approximately 13.73% of the Company's shareholding[165]. - The interest of children under 18 in shares amounts to 266,675,500, which is 27.47% of the total shares[180]. - The combined interest of Hero Time Ventures Limited and Star Path Ventures Limited amounts to 266,675,500 shares, which is 27.47% of the total shareholding[183]. Cash Flow and Financial Position - Net cash inflows from operating activities were approximately RMB 69.9 million, an increase of about RMB 34.7 million compared to RMB 35.2 million in the same period of 2024[84][88]. - Net cash outflows from investing activities were approximately RMB 18.8 million, an increase of about RMB 8 million compared to RMB 10.8 million in the same period of 2024[85][89]. - As of June 30, 2025, the Group had cash and cash equivalents of approximately RMB 300.4 million, an increase from RMB 266.8 million as of December 31, 2024[91]. - The Group's total current assets as of June 30, 2025, were approximately RMB 1,325.2 million, down from RMB 1,562.3 million as of December 31, 2024[100]. - The Group's gearing ratio increased to approximately 12.8% as of June 30, 2025, compared to 10.7% as of December 31, 2024[99]. - Trade and notes receivable decreased to approximately RMB 625.7 million as of June 30, 2025, from approximately RMB 974.2 million as of December 31, 2024[105]. - Total current liabilities decreased to approximately RMB 907.8 million as of June 30, 2025, from approximately RMB 1,200.0 million as of December 31, 2024[107]. Corporate Governance and Compliance - The Company has adopted the Corporate Governance Code and complied with all applicable code provisions during the Review Period[152]. - The Audit Committee, consisting of three independent non-executive Directors, has reviewed the unaudited interim financial statements for the six months ended June 30, 2025[155]. - The Company has not identified any incidents of non-compliance with the Model Code by employees during the Review Period[153]. - The Board will continue to review and monitor corporate governance practices to maintain high standards[152]. - The Company has complied with all code provisions of the Corporate Governance Code, except for the separation of the roles of chairman and chief executive officer[148]. Employee Information - The Group had 2,098 employees as of June 30, 2025, a slight decrease from 2,117 employees as of June 30, 2024[129]. - For the six months ended June 30, 2025, total staff costs amounted to approximately RMB 129.0 million, an increase from approximately RMB 111.6 million for the same period in 2024, mainly due to higher wages and salaries[130]. Share Repurchase - The Company repurchased a total of 1,706,500 shares at a total consideration of HK$1,365,560 during the six months ended 30 June 2025[191]. - The repurchased shares included 1,082,500 shares cancelled on 19 February 2025 and 624,000 shares cancelled on 6 August 2025[191]. - The highest purchase price per share was HK$0.88 and the lowest was HK$0.67 during the repurchase period[197]. - The Company believes that the value of its shares does not reflect their intrinsic value, which justified the share repurchase[191].
彩客新能源(01986) - 2025 - 中期财报