Financial Performance - Revenue for the six months ended December 31, 2021, was RMB 43,410,000, an increase of 20.5% compared to RMB 36,143,000 for the same period in 2020[3] - Gross profit for the same period was RMB 11,432,000, representing a gross margin of 26.3%, up from RMB 9,825,000 in 2020[3] - Operating loss decreased to RMB 9,161,000 from RMB 9,942,000 year-on-year, indicating a 7.8% improvement[3] - Net loss for the period was RMB 9,274,000, compared to RMB 10,168,000 in the previous year, reflecting a 8.8% reduction in losses[3] - Total comprehensive loss for the period was RMB 9,937,000, down from RMB 13,651,000 in 2020, marking a 27.5% improvement[5] - The company reported a basic and diluted loss per share of RMB 0.003, consistent with the previous year[5] - For the six months ended December 31, 2021, the company reported a total comprehensive expense of RMB 10,536,000, which includes a loss of RMB 9,852,000[13] - The group reported a loss attributable to owners of approximately RMB 9,852,000 for the six months ended December 31, 2021, compared to a loss of RMB 10,252,000 for the same period in 2020[55] - Loss attributable to the owners of the company for the period was RMB 100 million, unchanged from the previous year[72] Assets and Liabilities - Cash and cash equivalents at the end of the period were RMB 83,720,000, a decrease from RMB 98,548,000 at the end of the previous year[10] - Non-current assets totaled RMB 128,500,000, down from RMB 135,771,000 as of June 30, 2021[7] - Current liabilities decreased to RMB 31,623,000 from RMB 34,157,000, indicating a 7.4% reduction[7] - As of December 31, 2021, the company's total equity attributable to owners was RMB 215,156,000, down from RMB 225,692,000 at the beginning of the period[13] - The company’s accumulated losses increased to RMB (6,643,190,000) as of December 31, 2021, reflecting ongoing financial challenges[13] - The company’s capital reserve stood at RMB 82,723,000 as of December 31, 2021, indicating a stable capital structure[13] - The carrying amount of property, plant, and equipment decreased from RMB 33,874 thousand to RMB 32,022 thousand[58] - The carrying amount of right-of-use assets decreased from RMB 528,941 thousand to RMB 518,760 thousand[59] - Trade receivables aged analysis showed an increase in amounts due within one month from RMB 6,737 thousand to RMB 10,198 thousand[63] - Future minimum lease payments receivable as a lessor totaled RMB 54,821 thousand, up from RMB 47,347 thousand[68] - The total equity of the group was RMB 218 million as of December 31, 2021, down from RMB 228 million as of June 30, 2021[77] - The current ratio was approximately 4 times as of December 31, 2021, consistent with the ratio as of June 30, 2021[77] Cost Management and Operational Efficiency - The company plans to continue focusing on operational efficiency and cost management to improve future performance[3] - Employee costs, including director remuneration, amounted to RMB 8,290,000 for the six months ended December 31, 2021, down from RMB 9,748,000 in 2020[51] - Selling and distribution expenses remained at RMB 30 million, consistent with the previous year, while general and administrative expenses decreased by 9% to RMB 230 million[72] - Financing costs for the six months ended December 31, 2021, totaled RMB 113,000, a decrease from RMB 226,000 in the same period of 2020[50] Regulatory Compliance and Governance - The company has adopted new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial position and performance for the current and prior periods[19] - The company has early adopted the revised HKFRS 16 related to COVID-19 rent concessions, which extends the practical expedient for one year[19] - The company has not early adopted several new and revised HKFRS that are yet to come into effect, which may impact future financial reporting[21] - The audit committee, consisting of independent non-executive directors, has reviewed the interim financial report[105] - The company has complied with the Corporate Governance Code, except for the separation of roles between the Chairman and CEO, which is currently held by the same individual[106] - The company emphasizes the importance of good corporate governance for long-term shareholder returns and sustainable development[106] - The board will continue to review the company's corporate governance policies to ensure alignment with shareholder interests[108] - All directors confirmed compliance with the standards of the trading code for directors during the six months ended December 31, 2021[109] Share Capital and Stock Options - The company’s issued share capital remained unchanged at 3,295,582,491 shares as of December 31, 2021[85] - The company reported a significant increase in user data, with a total of 643,064,644 shares held by major shareholder Kailey Investment Ltd., representing 19.51% of the issued share capital as of December 31, 2021[96] - The company has a total of 2,000,000 stock options granted under the 2015 stock option plan, with an exercise price of HKD 0.187, valid until July 12, 2026[99] - The company has maintained a consistent stock option structure, with 1,200,000 options granted to various directors, all with the same exercise price and expiration date[99] - The company reported a total of 248,080,000 stock options outstanding as of December 31, 2021[101] - The exercise price for the stock options is set at HKD 0.187, with options granted from July 2016 to July 2020[101] Business Strategy and Market Position - The company is focused on enhancing its innovation capabilities and technology strength to improve agricultural product supply and quality[74] - The new business model aligns with national policies to address issues in agricultural production and sales, aiming to enhance efficiency and farmer income[76] - The company has not faced significant foreign exchange risks due to its operations primarily in RMB[78] - The company has not engaged in any significant investments or acquisitions during the fiscal period[81][82] - The company has not reported any changes in the ownership of shares or related securities by its directors or key executives during the review period[95] - The company has not disclosed any new product developments or technological advancements in the recent financial report[93] - The company’s financial performance and user data indicate a stable market position, with no significant fluctuations reported[93] - The company continues to adhere to regulatory requirements regarding the disclosure of major shareholders and their interests[96]
超大现代(00682) - 2022 - 中期财报