Financial Performance - For the six months ended December 31, 2022, the revenue was approximately RMB 70,756,000, an increase of about 0.14% compared to RMB 70,654,000 for the same period in 2021[2]. - The operating loss for the same period was approximately RMB 3,073,000, compared to an operating loss of RMB 1,962,000 in the prior year[2]. - The net loss attributable to the company's owners for the six months ended December 31, 2022, was approximately RMB 3,087,000, compared to RMB 1,997,000 in the previous year[2]. - Basic and diluted loss per share for the period was RMB 0.30, compared to RMB 0.19 for the same period in 2021[6]. - Gross profit for the six months was RMB 18,937,000, down from RMB 21,395,000 in the same period last year[6]. - The company reported a total comprehensive loss of RMB 3,087,000 for the six months ended December 31, 2022, compared to a loss of RMB 35,884,000 for the year ended June 30, 2022[20]. - The group recorded a gross profit of approximately RMB 18,937,000, down from RMB 21,395,000 in the same period last year, primarily due to increased employee costs[56]. - The group reported a loss attributable to owners of the company of approximately RMB 3,087,000, compared to RMB 1,997,000 in the same period last year[60]. Cash Flow and Assets - As of December 31, 2022, total equity was approximately RMB 1,738,248,000[2]. - The total assets less current liabilities amounted to RMB 1,756,431,000 as of December 31, 2022[11]. - The cash and cash equivalents at the end of the period were RMB 1,437,390,000, a slight increase from RMB 1,422,284,000 at the end of the previous year[15]. - The net increase in cash and cash equivalents for the period was RMB 3,722,000, compared to RMB 4,164,000 in the prior year, indicating a decline of 10.6%[15]. - The total unallocated corporate assets amounted to RMB 1,523,108 thousand, slightly increasing from RMB 1,510,123 thousand as of June 30, 2022[35]. - Total assets as of December 31, 2022, were RMB 1,811,707 thousand, a decrease from RMB 1,821,676 thousand as of June 30, 2022, reflecting a decline of about 0.55%[35]. Revenue Sources - Total revenue from the sale of automation instruments and technical products was RMB 67,284,000, slightly down from RMB 69,050,000 in the previous year, representing a decrease of 2.6%[21]. - The revenue from entrusted processing services increased significantly to RMB 3,472,000 from RMB 1,250,000, marking a growth of 178.0%[21]. - The company did not report any revenue from the sale of watch instruments during the current period, compared to RMB 354,000 in the previous year[21]. - The sales of clock instruments were approximately RMB 0, with a reported loss of about RMB 4,416,000, compared to RMB 5,791,000 in the same period last year[50]. Expenses and Costs - Employee costs for the six months ended December 31, 2022, amounted to RMB 18,959,000, slightly increasing from RMB 18,163,000 in the previous year[26]. - The cost of sales and services for the six months ended December 31, 2022, was RMB 51,819,000, an increase from RMB 49,259,000 in the previous year[26]. - Research and development expenses recognized as costs were RMB 2,691,000 for the current period, compared to RMB 2,786,000 in the previous year[26]. - Depreciation of property, plant, and equipment was RMB 11,440,000 for the six months ended December 31, 2022, down from RMB 11,875,000 in the prior year[26]. Dividends and Shareholder Returns - The company did not recommend any interim dividend for the six months ended December 31, 2022, consistent with the previous year[2]. - The group did not approve or pay any dividends during the reporting period, maintaining a dividend of RMB 0 per share[39]. - The board does not recommend any interim dividend for the six months ended December 31, 2022[79]. Corporate Governance and Compliance - The group has complied with all major provisions of the Corporate Governance Code during the period, except for a specific deviation noted[91]. - The company has adopted a standard code for securities trading by directors, ensuring compliance throughout the reporting period[93]. - The remuneration committee consists of three independent non-executive directors, responsible for proposing remuneration policies for directors and senior management[96]. - The nomination committee has been established since 2008, reviewing board structure and diversity at least annually[98]. - The audit committee, also established in 2008, provides independent opinions on financial reporting systems and risk management[99]. - The audit committee reviewed the unaudited interim results for the six months ending December 31, 2022, ensuring compliance with relevant accounting standards[100]. Future Outlook and Plans - The group has no significant expansion plans due to global market instability, and future development plans will be approached cautiously[52]. - The group has no significant future investment or capital asset plans as of December 31, 2022[72]. - The group plans to utilize approximately HKD 652,000,000 for the construction of production facilities for new products, HKD 194,000,000 for R&D, HKD 45,000,000 for network development and sales support services, and HKD 4,000,000 for information system development[74]. Employment and Staff - As of December 31, 2022, the group employed a total of 477 staff, an increase from 467 on June 30, 2022, with employee costs amounting to approximately RMB 18,959,000[70]. - Management compensation for the six months ended December 31, 2022, was RMB 1,488 thousand, an increase from RMB 1,418 thousand in the same period of 2021, reflecting a growth of about 4.9%[44]. Debt and Liabilities - The group has no bank loans as of December 31, 2022, maintaining a low debt ratio of approximately 0.04[63][65]. - The group has no significant contingent liabilities as of December 31, 2022[78].
中国高精密(00591) - 2023 - 中期财报