Financial Performance - The company's revenue for the six months ended December 31, 2021, was approximately RMB 70,654,000, an increase of about 32.5% compared to RMB 53,326,000 for the same period in 2020[3] - Operating loss for the same period was approximately RMB 1,962,000, significantly reduced from RMB 13,535,000 in the prior year[3] - Net loss attributable to shareholders for the six months was approximately RMB 1,997,000, down from RMB 13,603,000 in the previous year[3] - Basic and diluted loss per share for the period was RMB 0.19, compared to RMB 1.31 for the same period in 2020[3] - Gross profit for the period was RMB 21,395,000, compared to RMB 624,000 in the same period last year[8] - The company reported a net loss of RMB 2,841,000 in total comprehensive income for the period, compared to RMB 18,387,000 in the previous year[11] - Total comprehensive expenses amounted to RMB 32,789,000 for the six months ending December 31, 2021[16] - Reported segment revenue for the six months ended December 31, 2021, was RMB 70,654,000, an increase from RMB 53,326,000 in the same period of 2020, representing a growth of approximately 32.5%[45] - The net loss attributable to shareholders for the period was approximately RMB 1,997,000, a significant improvement from RMB 13,603,000 in the same period of 2020[73] Cash Flow and Assets - Operating cash flow for the six months ending December 31, 2021, was RMB 2,603,000, a significant improvement from a cash outflow of RMB 28,689,000 in the previous year[18] - Cash and cash equivalents at the end of December 31, 2021, were RMB 1,422,284,000, compared to RMB 1,434,420,000 at the end of the previous year[18] - Total assets less current liabilities amounted to RMB 1,790,504,000 as of December 31, 2021[13] - The total accounts receivable as of December 31, 2021, was RMB 80,212,000, down from RMB 83,447,000 as of June 30, 2021[51] - The company reported a total of RMB 71,712,000 in accounts receivable, net of impairment losses, as of December 31, 2021, compared to RMB 75,240,000 as of June 30, 2021[51] - The total accounts payable as of December 31, 2021, was RMB 14,397,000, a decrease from RMB 20,696,000 as of June 30, 2021[53] Equity and Dividends - As of December 31, 2021, total equity attributable to shareholders was approximately RMB 1,772,088,000[3] - The company did not recommend any interim dividend for the six months ended December 31, 2021, consistent with the previous year[3] - As of December 31, 2021, the total equity attributable to shareholders decreased by approximately RMB 2,841,000 to about RMB 1,772,088,000 compared to RMB 1,774,929,000 as of June 30, 2021[78] Expenses and Costs - Employee costs for the six months ended December 31, 2021, were RMB 18,163,000, slightly down from RMB 18,264,000 in the same period of 2020, indicating a decrease of about 0.6%[28] - Depreciation of property, plant, and equipment for the six months ended December 31, 2021, was RMB 11,875,000, a significant decrease from RMB 19,914,000 in the same period of 2020, reflecting a reduction of approximately 40.3%[31] - Research and development expenses for the six months ended December 31, 2021, were RMB 2,786,000, compared to RMB 2,706,000 in the same period of 2020, showing an increase of about 2.9%[31] Market and Operational Strategy - The company continues to monitor market conditions and is focused on improving operational efficiency and expanding its market presence[45] - The group continues to focus on the production and expansion of high-precision industrial automation instruments and technical products[64] - The group aims to enhance product reliability and stability through improved process quality control and new product designs[62] - The group has no significant expansion plans due to global market instability, indicating a cautious approach to future development[67] Governance and Compliance - The audit committee reviewed the unaudited interim results for the six months ended December 31, 2021, and confirmed compliance with relevant accounting standards[115] - The company has adhered to all major provisions of the Corporate Governance Code, except for the deviation regarding the roles of the Chairman and CEO[106] - The remuneration committee consists of three independent non-executive directors, responsible for recommending remuneration policies for directors and senior management[111] - The nomination committee has been established since 2008, reviewing the board's structure and diversity at least annually[113] - The company has maintained a balanced board with three independent non-executive directors to ensure checks and balances[107] Other Financial Information - The company has no bank loans as of December 31, 2021, maintaining a stable capital structure[77] - The group recorded a net foreign exchange gain of RMB 839,000 for the six months ended December 31, 2021, compared to a loss of RMB 16,000 in the same period of 2020[26] - The group has no major contingent liabilities as of December 31, 2021[93] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[105]
中国高精密(00591) - 2022 - 中期财报