Financial Performance - The operating revenue for the six months ended June 30, 2022, was approximately RMB 12,880,000, a decrease of about 41.37% compared to RMB 21,970,000 for the same period in 2021[8]. - The company reported a loss attributable to owners of approximately RMB 4,000,000, a decline from a profit of RMB 2,400,000 in the previous period, mainly due to reduced gross profit and increased operating expenses[21]. - Revenue for the six months ended June 30, 2022, was RMB 12,884,000, a decrease of 41.0% compared to RMB 21,973,000 in 2021[92]. - Gross profit for the same period was RMB 3,644,000, down 34.5% from RMB 5,560,000 in 2021[92]. - The company reported a net loss of RMB 4,006,000 for the six months ended June 30, 2022, compared to a profit of RMB 2,320,000 in 2021[97]. - Total comprehensive loss for the period was RMB (2,921,000), compared to a total comprehensive income of RMB 1,965,000 in 2021[98]. - For the six months ended June 30, 2022, the company reported a pre-tax loss of RMB 4,017,000 compared to a profit of RMB 2,245,000 in the same period of 2021[110]. - The company reported a significant decrease in segment performance, with marble raw materials showing a loss of RMB (470,000) and commodity trading a profit of RMB 555,000[127]. - The company reported a loss attributable to equity holders of RMB 3,998,000 for the six months ended June 30, 2022, compared to a profit of RMB 2,396,000 for the same period in 2021[151]. Revenue Sources - The marble business generated revenue of approximately RMB 5,600,000 from the sale of 1,350 cubic meters of marble blocks, a significant decrease from RMB 21,970,000 in the previous period[22]. - The commodity trading business generated revenue of approximately RMB 7,280,000, marking a new revenue stream for the company[24]. - Segment revenue from marble raw materials was RMB 5,607,000, while commodity trading generated RMB 7,277,000, indicating a shift in revenue sources[127]. Cost and Expenses - The sales cost decreased from approximately RMB 16,410,000 for the six months ended June 30, 2021, to about RMB 9,240,000, a reduction of approximately 43.69%[10]. - Other operating expenses increased to approximately RMB 6,600,000, driven by bad debt write-offs of RMB 5,520,000 and a foreign exchange loss of RMB 1,040,000[18]. - Administrative expenses increased by approximately RMB 3,000,000 or 69.93% to about RMB 7,290,000, mainly due to additional exploration costs for renewing mining licenses[15]. - The cost of goods sold for the six months ended June 30, 2022, was RMB 9,240,000, a decrease of 43.5% from RMB 16,413,000 in the same period of 2021[144]. Assets and Liabilities - Non-current assets decreased to RMB 33,414,000 as of June 30, 2022, from RMB 34,068,000 as of December 31, 2021[100]. - Current assets increased to RMB 34,038,000 as of June 30, 2022, compared to RMB 33,247,000 as of December 31, 2021[100]. - Total liabilities increased to RMB 12,722,000 as of June 30, 2022, with segment liabilities from marble raw materials at RMB 24,648,000 and commodity trading at RMB 2,903,000[132]. - Current liabilities rose to RMB 9,583,000 as of June 30, 2022, from RMB 6,405,000 as of December 31, 2021[100]. Cash Flow and Financing - The net cash flow from operating activities for the first half of 2022 was RMB 435,000, a decrease from RMB 1,229,000 in the prior year[112]. - The company recorded a net cash inflow from investing activities of RMB 3,419,000, significantly up from RMB 821,000 in the same period last year[112]. - The company’s cash flow from financing activities showed a net inflow of RMB 153,000, recovering from a net outflow of RMB 420,000 in the previous year[114]. - Cash and cash equivalents increased by RMB 4,007,000, reaching a total of RMB 30,051,000 as of June 30, 2022, compared to RMB 27,276,000 at the end of the previous year[114]. Corporate Governance - The company has complied with the corporate governance code applicable during the period and will continue to enhance its governance practices[69]. - The board of directors confirmed compliance with the standard code of conduct regarding securities transactions during the period[71]. - The company is committed to maintaining high levels of corporate governance to enhance shareholder value and transparency[69]. - The audit committee, composed of independent non-executive directors, reviewed the financial performance and confirmed compliance with relevant accounting standards[90]. Future Outlook and Strategy - The company plans to implement strategies to mitigate the impact of the COVID-19 pandemic, ensuring employee safety and stable operations[38]. - The company remains cautiously optimistic about the future of its marble business, actively seeking new customers and anticipating stable growth in the coming years[40]. - The group expects to diversify its revenue sources in the second half of the year due to new trade contracts[45]. - The group has identified and is evaluating potential acquisition opportunities as part of its growth strategy[44]. Shareholder Information - As of June 30, 2022, the beneficial owner Li Yuguo holds approximately 2,388,995,000 shares, representing 54.44% of the company's total shares[74]. - Zhongke Jiutai Resource Utilization Technology Co., Ltd. holds 2,288,235,000 shares, accounting for 52.14% of the company's shares, and is fully owned by Zhongke Jiutai Technology Group Co., Ltd.[79]. - The total issued and paid-up share capital remained unchanged at RMB 3,524 thousand, with 4,388,580,000 shares issued as of June 30, 2022[164].
高鹏矿业(02212) - 2022 - 中期财报