Financial Performance - Revenue for the six months ended August 31, 2025, was RMB 95.8 million, a decrease of 36.0% compared to RMB 149.6 million for the same period in 2024[4] - Gross profit for the same period was RMB 55.6 million, down 30.0% from RMB 79.4 million year-on-year[4] - The company reported a loss attributable to equity holders of RMB 31.4 million, compared to a loss of RMB 38.0 million in the previous year[4] - Basic loss per share was RMB 4.44, an improvement from RMB 5.39 in the prior period[4] - The reported loss for the six months ending August 31, 2025, was RMB 31,356,000, compared to a loss of RMB 39,618,000 for the same period in 2024, indicating an improvement of about 21%[16][17] - The consolidated gross profit fell by 30.0% to RMB 55.6 million, down from RMB 79.4 million in the previous year, while the overall gross margin increased by 4.9 percentage points to 58.0%[40] - The company recorded a comprehensive loss attributable to equity holders of RMB 31,400,000, an improvement from a comprehensive loss of RMB 38,000,000 in the previous year[43] Assets and Liabilities - Total assets as of August 31, 2025, were RMB 526.2 million, down from RMB 574.2 million as of February 28, 2025[8] - Total liabilities decreased to RMB 81.4 million from RMB 90.8 million in the previous reporting period[9] - Total assets as of August 31, 2025, amounted to RMB 526,154,000, with RMB 252,579,000 from mainland China and RMB 237,625,000 from other regions[20] - The total liabilities as of August 31, 2025, were RMB 81,380,000, with RMB 62,490,000 from mainland China and RMB 4,845,000 from other regions[20] - Total assets as of February 28, 2025, amounted to RMB 574,245,000, with liabilities totaling RMB 90,838,000[21] Cash Flow and Financial Position - The company’s cash and bank balances were RMB 308.99 million, a decrease from RMB 327.91 million[8] - Cash and bank balances stood at RMB 309,000,000, down from RMB 327,900,000 earlier in the year, maintaining a healthy liquidity position with a quick ratio of 4.8 times[47] - The company has not utilized any revolving loans or trade financing during the review period, indicating a stable financial situation[47] - The company has provided a bank guarantee for a maximum credit limit of RMB 92,000,000 as of August 31, 2025, with no utilization reported[65] Operational Highlights - The company is primarily engaged in the trade and sale of footwear and accessories, mainly operating in mainland China[10] - The company continues to evaluate its store network, closing underperforming stores to reduce fixed sales and distribution costs[41] - The group closed 134 self-operated stores and opened 1 franchised store, resulting in a net reduction of 133 stores in mainland China[51] - The retail network in mainland China now consists of 91 physical stores, a net decrease of 133 stores compared to the previous year[51] Market Conditions - The overall economic environment remains weak, with consumer confidence low, contributing to uncertainty in future growth potential[49] - Despite challenges, China's GDP grew by 5.3%, reflecting stable economic operations and steady production demand[49] - The overall retail sales in mainland China grew by 4.6% year-on-year, with clothing and footwear sales only increasing by 2.9%[52] E-commerce and Sales Strategy - E-commerce revenue decreased by 5.4% during the review period, reflecting a decline in consumer spending sentiment[55] - The group maintains investment in online resources and implements effective online brand management strategies, enhancing cooperation with major e-commerce platforms[57] - To reduce customer acquisition costs, the group utilizes mini-programs and private domain systems, which are independent of traditional e-commerce platforms, helping to lower overall e-commerce operating expenses[58] Employee and Governance - As of August 31, 2025, the group has a total of 379 employees, a decrease from 595 employees as of February 28, 2025[67] - Employee benefits expenses for the six months ending August 31, 2025, totaled RMB 40,200,000, down from RMB 59,300,000 in the previous year[67] - The audit committee consists of four independent non-executive directors, ensuring compliance with the relevant listing rules[69] - The company is committed to maintaining high standards of corporate governance and transparency to protect shareholder interests[71] Future Outlook - The group is cautiously optimistic about the medium to long-term outlook for the Chinese retail market, despite current consumer confidence needing recovery, believing that market growth potential will continue to expand[59] - The group plans to collaborate with influential celebrities and social media influencers to amplify brand presence and attract a younger customer demographic[61]
莱尔斯丹(00738) - 2026 - 中期业绩