Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 167,086 thousand, a decrease of 1.5% compared to RMB 169,565 thousand in the same period of 2021[12]. - Gross profit for the same period was RMB 100,196 thousand, down 4.2% from RMB 104,617 thousand year-on-year[12]. - The net profit attributable to the owners of the company was RMB 55,028 thousand, representing a decrease of 3.2% from RMB 56,867 thousand in the previous year[12]. - The basic earnings per share for the period was RMB 22.1, down 3.2% from RMB 22.9 in the same period last year[12]. - Operating profit for the six months ended June 30, 2022, was approximately RMB 70,715,000, a decrease of about RMB 2,492,000 or 3.4% from RMB 73,207,000 in the same period of 2021[90]. - Profit before tax for the six months ended June 30, 2022, was approximately RMB 70,387,000, a decrease of about RMB 2,656,000 or 3.6% from RMB 73,043,000 in the same period of 2021[92]. - Net profit for the six months ended June 30, 2022, was approximately RMB 55,047,000, a decrease of about RMB 2,565,000 or 4.5% from RMB 57,612,000 in the same period of 2021[96]. - The group's gross profit for the six months ended June 30, 2022, was approximately RMB 100,196,000, a decrease of about RMB 4,421,000 or 4.2% compared to RMB 104,617,000 for the same period in 2021, with a gross margin decline from 61.7% to 60.0%[83]. Operational Challenges - The company faced challenges due to COVID-19 restrictions in major markets like Shanghai and Beijing, impacting regional market expansion and store operations[24]. - The management remains committed to addressing operational challenges and improving performance amidst ongoing market uncertainties[24]. - Despite the challenges, the company maintained a positive outlook and continued to progress in areas such as raw material reserves, production, new product development, and brand building[24]. Store and Sales Performance - As of June 30, 2022, the offline business achieved 40.2% of its POS sales target, a year-on-year decline of 8.4%, but a growth of 51.4% compared to the same period in 2020[29]. - The total number of stores as of June 30, 2022, was 1,096, a decrease of 1 store from December 31, 2021[30]. - The number of franchise stores in mainland China was 1,088, with shopping center stores accounting for 59.8% of the total[33]. - E-commerce sales reached RMB 88.39 million, achieving 93.5% of the semi-annual target, with a year-on-year growth of 8.06%[48]. - Group purchasing sales increased by 188% year-on-year, with significant contributions during the International Women's Day in March[36]. Product Development and Marketing - The company launched 12 new types of combs and upgraded packaging for existing products during the reporting period[39]. - New product development focused on optimizing product structure and design, with 7 new product projects completed and 4 new packaging designs introduced[59]. - The company is exploring new marketing strategies, including emotional marketing and leveraging social media platforms like Douyin for brand promotion[52]. Financial Position and Cash Flow - The group had cash and bank balances of RMB 41,322,000 as of June 30, 2022, compared to RMB 35,795,000 as of December 31, 2021, primarily sourced from operating income[97]. - For the six months ended June 30, 2022, the operating cash flow was RMB 48,578,000, an increase of 47.8% compared to RMB 32,893,000 in the same period of 2021[183]. - The net cash generated from operating activities was RMB 38,572,000, up from RMB 18,585,000 in the previous year, reflecting a growth of 107.5%[183]. Human Resources and Governance - The total employee compensation paid by the group for the six months ended June 30, 2022, was approximately RMB 34,622,000, with a workforce of 986 employees across various regions[119]. - The company maintains a strong commitment to providing employment opportunities for people with disabilities and emphasizes employee self-improvement through various training programs[119]. - The management has implemented measures to optimize human resources and prevent complacency, including appointing younger employees to key positions[70]. Shareholder and Dividend Information - The company declared a final dividend of HKD 0.2715 per share, totaling approximately HKD 67,526,000 (equivalent to about RMB 55,215,000) for the year ended December 31, 2021[159]. - The interim dividend for the six months ended June 30, 2022, is set at HKD 0.1296 per share, amounting to approximately HKD 32,233,000 (equivalent to about RMB 27,508,000) to be paid on or before October 31, 2022[159]. Compliance and Corporate Governance - The company has maintained compliance with the corporate governance code, except for a deviation regarding the separation of the roles of Chairman and CEO, which is currently held by Mr. Tan[149]. - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited interim financial information for the six months ended June 30, 2022[153].
谭木匠(00837) - 2022 - 中期财报