Financial Performance - Revenue for the six months ended June 30, 2023, was RMB 31,108,000, an increase of 15.5% compared to RMB 26,940,000 for the same period in 2022[6]. - Gross profit for the same period was RMB 7,742,000, representing a gross margin of 24.9%, up from RMB 6,681,000 in 2022[6]. - The company reported a net loss of RMB 40,426,000 for the six months ended June 30, 2023, compared to a net loss of RMB 36,242,000 in the prior year, indicating a 11.5% increase in losses[8]. - The company reported a total comprehensive loss of RMB (40,426,000) for the six months ended June 30, 2023, compared to a loss of RMB (36,242,000) for the same period in 2022[14]. - The company reported a pre-tax loss of RMB 38,594,000 for the first half of 2023, compared to a pre-tax loss of RMB 36,447,000 in the same period of 2022[29]. - The company's net loss attributable to owners for the period was approximately RMB 40.4 million, compared to RMB 36.2 million in the same period of 2022[111]. Assets and Liabilities - Total assets as of June 30, 2023, were RMB 1,615,955,000, down from RMB 1,661,040,000 as of December 31, 2022[10]. - Current liabilities increased to RMB 184,884,000 from RMB 179,190,000, reflecting a rise of 3.8%[10]. - The company’s non-current liabilities decreased to RMB 330,111,000 from RMB 352,204,000, a reduction of 6.3%[12]. - The company’s equity attributable to owners decreased to RMB 1,007,860,000 from RMB 1,036,604,000, a decline of 2.8%[12]. - Current liabilities exceeded current assets by approximately RMB 18,515,000, raising significant doubts about the company's ability to continue as a going concern[21]. - The company's debt-to-equity ratio was approximately 31.6% as of June 30, 2023, compared to 29.1% at the end of 2022[116]. Cash Flow - The net cash flow used in operating activities was RMB (39,383,000), compared to RMB (1,201,000) in the same period last year, indicating a significant increase in cash outflow[16]. - The financing activities generated a net cash flow of RMB 29,653,000, compared to RMB 26,537,000 in the previous year, showing a positive trend in financing[16]. - Cash and bank balances decreased to RMB 6,134,000 from RMB 15,762,000, a decline of 61%[10]. - The cash and cash equivalents at the end of the period were RMB 6,134,000, a decrease from RMB 23,206,000 at the beginning of the period[16]. Revenue Breakdown - Calcium carbonate products contributed RMB 28,312,000, accounting for 91.0% of total revenue, while marble products generated RMB 2,560,000, representing 8.2% of total revenue[27]. - Revenue from marble stone products for the first half of 2023 was approximately RMB 2.6 million, a 136% increase compared to RMB 1.1 million in the same period last year[73]. - The calcium carbonate business contributed approximately RMB 28.3 million to the company's revenue, compared to RMB 25.5 million in the same period last year[73]. - The warehousing and logistics segment generated revenue of approximately RMB 0.24 million, a decrease of 29.4% from RMB 0.34 million in the same period last year[75]. - The group recorded operating revenue of approximately RMB 31.1 million for the period, representing a 15.6% increase or approximately RMB 4.2 million compared to the same period last year[97]. Operational Insights - The company plans to focus on expanding its market presence and enhancing product offerings in the upcoming quarters[5]. - The management highlighted ongoing efforts in research and development for new technologies to drive future growth[5]. - The company is primarily engaged in the extraction, processing, trading, and sales of marble, calcium carbonate products, and logistics services[19]. - The sales volume of processed marble slabs increased to 5,229 square meters, compared to 3,264 square meters in the previous year[99]. Cost and Expenses - The total cost of goods sold for the period was RMB 23,366,000, an increase from RMB 20,259,000 in the previous year, reflecting rising operational costs[39]. - Administrative expenses were approximately RMB 22.3 million, accounting for 71.6% of revenue, a decrease of RMB 1.8 million from RMB 24.1 million in the same period of 2022[105]. - Financial costs decreased from RMB 15.2 million in the same period of 2022 to approximately RMB 10.2 million due to a reduction in overall borrowing rates[106]. - Employee benefits expenses remained stable at approximately RMB 6,800,000, slightly down from RMB 6,829,000 in the previous year[39]. Shareholder and Governance - The company plans to implement a rights issue to raise approximately RMB 110.99 million to improve liquidity, with a subscription price of HKD 0.20 per share[21]. - The company did not recommend the distribution of an interim dividend for the six months ended June 30, 2023, consistent with the previous year[64]. - The company has maintained compliance with the corporate governance code, with no deviations reported during the six months ending June 30, 2023[131]. - The company expresses gratitude to employees, shareholders, investors, partners, and customers for their contributions and support[139].
雅高控股(03313) - 2023 - 中期财报