Revenue Performance - For the six months ended June 30, 2022, the total revenue of JiaChen Holding Group Limited decreased by approximately 24.2% to RMB 95.3 million from RMB 125.7 million in the same period of 2021[4]. - The sales revenue from the full steel raised floor products contributed approximately 88.9% of total revenue, amounting to RMB 84.7 million, a decrease of 21.4% from RMB 107.8 million in the previous year[8]. - The sales revenue from calcium sulfate raised floor products dropped significantly by 41.0% to RMB 10.6 million from RMB 17.9 million in the same period of 2021[9]. - Revenue for the six months ended June 30, 2022, was RMB 95.319 million, a decrease from RMB 125.710 million in the same period of 2021, representing a decline of approximately 24.2%[45]. - Revenue from sales of raised flooring and installation services was RMB 89,878 thousand, down from RMB 119,965 thousand, representing a decline of 25.1%[73]. - Revenue from the Chinese market was RMB 81,369 thousand, a decrease of 25.6% compared to RMB 109,352 thousand in the previous year[72]. Profitability - The company's gross profit and net profit for the period were approximately RMB 21.5 million and RMB 6.7 million, respectively, down from RMB 29.3 million and RMB 12.4 million in the previous year[4]. - Profit for the period decreased by approximately 45.6% to RMB 6,700,000 for the six months ended June 30, 2022, compared to RMB 12,400,000 for the same period in 2021[18]. - Gross profit for the same period was RMB 21.481 million, down from RMB 29.338 million, indicating a decrease of about 26.8%[45]. - The company reported a net profit of RMB 6.735 million for the six months ended June 30, 2022, compared to RMB 12.385 million in the prior year, reflecting a decline of approximately 45.6%[45]. - The total reported segment profit for the six months ended June 30, 2022, was RMB 10,479,000, down from RMB 15,837,000 in 2021, reflecting a decrease of 33.73%[68]. Economic Impact - The economic activities in China's commercial building sector were significantly impacted by COVID-19 control measures, leading to a GDP growth of only 2.5% in the first half of 2022 compared to 12.7% in the same period of 2021[5]. - The company anticipates challenges in the second half of 2022 due to ongoing COVID-19 variants and strict control measures[5]. - Revenue decreased by approximately 24.2% due to the slowdown in economic activities in the commercial building construction industry in China[18]. Assets and Liabilities - Total assets as of June 30, 2022, were approximately RMB 427,500,000, slightly down from RMB 428,100,000 as of December 31, 2021[19]. - The total liabilities were approximately RMB 124,500,000 as of June 30, 2022, compared to RMB 131,700,000 as of December 31, 2021[19]. - The capital debt ratio was approximately 24.8% as of June 30, 2022, down from 27.4% as of December 31, 2021[20]. - Current liabilities amounted to RMB 124.398 million, a decrease from RMB 131.576 million at the end of 2021[47]. - Total liabilities decreased to RMB 124,456 thousand from RMB 131,701 thousand, reflecting a reduction of 5.5%[69]. Cash Flow - The group recorded a net cash inflow from operating activities of approximately RMB 44,800,000 for the period, an increase from RMB 42,600,000 for the same period in 2021[31]. - Net cash generated from operating activities for the six months ended June 30, 2022, was RMB 44,839,000, an increase from RMB 42,562,000 in the same period of 2021, representing a growth of 5.35%[54]. - Total cash and cash equivalents at the end of the period were RMB 76,372,000, a decrease from RMB 113,625,000 at the end of the same period in 2021, representing a decline of 32.81%[54]. - Cash used in investing activities for the six months ended June 30, 2022, was RMB 15,876,000, compared to cash generated of RMB 20,616,000 in the same period of 2021[54]. - The net cash used in financing activities for the six months ended June 30, 2022, was RMB 7,860,000, compared to RMB 2,152,000 in the same period of 2021, indicating an increase in cash outflow[54]. Shareholder Information - As of June 30, 2022, Mr. Shen holds 277,625,000 shares through a controlled corporation, representing 27.76% of the company[106]. - Mr. Shen's spouse holds 231,375,000 shares, accounting for 23.14% of the company[106]. - The total shares held by Mr. Shen and his spouse amount to 509,000,000, which is 50.90% of the company[106]. - Mr. Shen Minghui holds 131,475,000 shares through a controlled corporation, representing 13.15% of the company[107]. - Ms. Liu holds 131,475,000 shares as the spouse of Mr. Shen Minghui, also representing 13.15% of the company[109]. Corporate Governance - The company has complied with all applicable corporate governance codes during the reporting period[131]. - The audit committee, consisting of three independent non-executive directors, reviewed the interim results[134]. - No related party transactions were disclosed during the reporting period[127]. - The company did not engage in any purchase, sale, or redemption of its listed securities during the period[129]. - No directors or their close associates engaged in any business that competes directly or indirectly with the company[128].
佳辰控股(01937) - 2022 - 中期财报