Revenue Performance - For the six months ended June 30, 2025, the Group's revenue was RMB 94,464,000, representing an increase of approximately 50.43% compared to RMB 62,795,000 in the same period of 2024[15]. - The public infrastructure construction business, specifically the Baoding Donghu Project, contributed RMB 54,056,000 to the Group's revenue, up from RMB 16,448,000 in the same period of 2024[22]. - The smart energy business contributed approximately RMB 40,408,000 to the Group's revenue, a decrease of 12.81% compared to RMB 46,347,000 in the same period of 2024[21]. - Revenue for the six months ended June 30, 2025, increased to RMB 94,464,000, up 50.5% from RMB 62,795,000 in the same period of 2024[134]. - Public infrastructure construction revenue surged to RMB 54,056,000, up from RMB 16,448,000, marking a significant increase of 228.5%[181]. Profit and Loss - The loss attributable to owners of the Company amounted to RMB 3,742,000, a decline from a profit of RMB 1,365,000 in the same period of 2024, primarily due to an impairment provision of approximately RMB 6,827,000[15]. - The Group's smart energy business recorded a loss of RMB 7,932,000 during the Period, compared to a profit of RMB 1,928,000 in the same period of 2024[21]. - Operating loss for the period was RMB 4,564,000, compared to an operating profit of RMB 2,777,000 in the previous year[134]. - Total comprehensive income for the period was a loss of RMB 4,686,000, compared to a loss of RMB 2,094,000 in the same period last year[137]. - The company reported a loss of RMB 3,742,000 for the period ended June 30, 2025, compared to a profit of RMB 1,365,000 for the same period in 2024[143]. Financial Position - Total assets as of June 30, 2025, were RMB 1,059,243,000, a decrease from RMB 1,068,648,000 at the end of 2024[139]. - Total equity attributable to owners of the Company decreased to RMB 818,346,000 from RMB 821,195,000 at the end of 2024[139]. - As of June 30, 2025, total current assets were approximately RMB 673,209,000, an increase from RMB 665,114,000 as of December 31, 2024, while the current ratio decreased to 5.17 from 5.47 due to an increase in current liabilities[50]. - Total liabilities amounted to RMB 255,936,000, a decrease of 1.1% from RMB 260,655,000 as of December 31, 2024[141]. - Non-current liabilities decreased from RMB 139,005,000 to RMB 125,838,000, representing a reduction of 9.5%[141]. Cash Flow - For the six months ended June 30, 2025, cash generated from operations increased to RMB 16,881,000, up from RMB 4,448,000 in the same period of 2024, representing a growth of 278%[147]. - Net cash generated from operating activities for the same period was RMB 18,901,000, compared to RMB 6,230,000 in 2024, indicating a significant increase of 204%[147]. - The net cash used in investing activities was RMB 544,000, a decrease from RMB 21,858,000 in the previous year, showing an improvement in cash flow management[147]. - Cash and cash equivalents at the end of the period stood at RMB 44,283,000, a decrease from RMB 193,908,000 at the end of June 2024, reflecting a reduction of 77%[147]. Financial Management - Net finance expenses decreased by approximately 47.19% to RMB 1,324,000 from RMB 2,507,000 in the same period of 2024, attributed to reduced bank borrowings and lower interest rates[42]. - Interest paid decreased to RMB 3,387,000 from RMB 4,074,000, showing a reduction of 17% in financing costs[147]. - The Group's liquidity management policy includes regular monitoring of liquidity requirements and compliance with loan covenants to ensure sufficient cash availability[170]. - The Group's activities expose it to various financial risks, including market risk, credit risk, and liquidity risk, which are actively managed to minimize adverse effects on financial performance[168]. Corporate Governance - The Group complied with all applicable corporate governance code provisions during the period, with one deviation regarding the roles of the chairman and CEO[82]. - The Audit Committee confirmed that the interim financial information complied with applicable accounting standards and legal requirements[87]. - The interim financial statements have been prepared in accordance with International Accounting Standard 34, ensuring compliance with international reporting standards[151]. Employee and Operational Metrics - As of June 30, 2025, the Group had 44 employees, an increase from 43 employees as of December 31, 2024[75]. - Total staff costs for the period were approximately RMB 6,870,000, a decrease from RMB 7,024,000 in the same period of 2024[75]. Shareholder Information - Mr. Wei Qiang held 970,534,633 shares, representing 65.37% of the total shareholding as of June 30, 2025[108]. - The weighted average number of ordinary shares in issue remained constant at 1,484,604 thousand shares for both 2025 and 2024[198]. - The basic loss per share for the six months ended June 30, 2025, was RMB (0.0025), a decrease from RMB 0.0009 in 2024[198].
鑫达投资控股(01281) - 2025 - 中期财报