Financial Performance - For the six months ended June 30, 2022, the company reported revenue of RMB 6,502,000, a decrease of 73.7% compared to RMB 24,741,000 for the same period in 2021[6]. - The gross profit for the same period was RMB 1,050,000, down 84.2% from RMB 6,620,000 in 2021[6]. - The company incurred a loss before tax of RMB 3,926,000, compared to a profit of RMB 173,000 in the previous year[6]. - Basic and diluted loss per share was RMB 1.59, compared to earnings of RMB 0.1 per share in 2021[6]. - Total comprehensive loss for the period was RMB 3,636,000, compared to a comprehensive income of RMB 145,000 in the same period last year[7]. - The company reported a loss attributable to owners of approximately RMB 3,926,000 for the first half of 2022, compared to a profit of RMB 173,000 in the same period of 2021[28]. - The company did not recommend any interim dividend for the review period, consistent with the previous year[27]. Assets and Liabilities - As of June 30, 2022, total assets amounted to RMB 56,601,000, down from RMB 69,658,000 at the end of 2021[10]. - The company's net asset value decreased to RMB 30,623,000 from RMB 34,259,000 at the end of 2021[10]. - Trade receivables decreased to RMB 10,678,000 from RMB 17,867,000 at the end of 2021, indicating a reduction of 40.2%[10]. - The group's total unaudited assets were approximately RMB 37.3 million as of June 30, 2022, compared to RMB 44.1 million as of December 31, 2021, reflecting a decline of around 15.5%[63]. - The group's unaudited shareholder equity was approximately RMB 30.6 million as of June 30, 2022, down from RMB 34.3 million as of December 31, 2021, representing a decrease of about 10.8%[63]. - The group had no short-term borrowings and long-term borrowings of RMB 2 million as of June 30, 2022, down from RMB 5 million as of December 31, 2021, showing a reduction of 60%[64]. Cash Flow - The net cash generated from operating activities for the first half of 2022 was RMB 1,471,000, compared to a net cash outflow of RMB 1,425,000 in the same period of 2021[14]. - The cash used in investing activities was RMB (14,000) in 2022, a significant decrease from RMB 6,946,000 in 2021[14]. - The cash used in financing activities increased to RMB (3,000,000) in 2022 from RMB (93,000) in 2021[14]. - The total cash and cash equivalents at the end of June 2022 were RMB 6,414,000, down from RMB 11,909,000 at the end of 2021[14]. Market Conditions - The Chinese economy faced significant downward pressure in the first half of 2022, with GDP growth of only 2.5% year-on-year, and a mere 0.4% growth in the second quarter[41]. - The external environment remains challenging with geopolitical conflicts and potential global economic recession risks, while internal demand is expected to contract[56]. - The company expects the Cambodian market environment to remain unfavorable throughout 2022 due to the ongoing pandemic[53]. - The central government is expected to continue releasing supportive policies for the real estate market to stimulate recovery in the second half of 2022[56]. Shareholder Information - As of June 30, 2022, the total issued shares of the company were 246,183,390[84]. - Ms. Zhang holds 89,659,979 shares, representing approximately 36.42% of the total shares[86]. - Ms. Lin has a beneficial interest in 43,722,460 shares, accounting for about 17.76%[86]. - Mr. Han owns 7,051,801 shares, which is approximately 2.86% of the total shares[82]. - The company has granted stock options totaling 4,200,000 shares to Mr. Jiang and Ms. Zhang as part of its stock option plan[84]. - The company has granted a total of 6,800,000 stock options under the stock option plan, which remains unexercised as of June 30, 2022[96]. Governance and Compliance - The audit committee has reviewed the unaudited condensed consolidated interim financial statements for the six months ending June 30, 2022, and found no objections to the accounting treatments adopted[106]. - The company maintains sufficient public float as required by the listing rules[102]. - The company has adopted a code of conduct for directors' securities transactions, confirming compliance for the six months ending June 30, 2022[104]. - The chairman and CEO roles are not separated, which the board believes enhances leadership effectiveness and decision-making efficiency[103].
富阳(00352) - 2022 - 中期财报