Financial Performance - The company's revenue for the six months ended June 30, 2023, reached RMB 242.3 million, an increase of 66.9% compared to RMB 145.1 million in the same period last year[6]. - Gross profit for the same period was RMB 162.4 million, up 66.8% from RMB 97.4 million year-on-year[6]. - The net loss for the period was RMB 3.1 million, a significant reduction of 95.0% from a loss of RMB 68.5 million in the previous year[6]. - Revenue for the six months ended June 30, 2023, was RMB 242,268 thousand, a 67% increase from RMB 145,120 thousand in the same period of 2022[38]. - The company reported a pre-tax loss of RMB 1,584 thousand, a substantial reduction from a loss of RMB 73,844 thousand in the prior year[38]. - The net loss for the period was RMB 3,407 thousand, compared to a loss of RMB 68,488 thousand in the previous year, indicating a positive trend in financial performance[38]. - The company incurred a total comprehensive loss of RMB 71,499 thousand for the period, compared to a loss of RMB 70,773 thousand in the previous year[49]. Revenue Sources - Restaurant business revenue increased by 72.6% to RMB 236.7 million from RMB 137.1 million year-on-year[13]. - Other income for the period was RMB 5.6 million, primarily from packaging sales revenue of RMB 4.2 million[13]. - New restaurants contributed an increase in revenue of RMB 25.8 million, while comparable restaurant sales rose by RMB 97.5 million[17]. - Revenue from restaurant operations was RMB 236,643 thousand, up 73% from RMB 137,090 thousand in the prior year[70]. Cost and Expenses - Cost of sales rose to RMB 79.9 million, an increase of 67.5% from RMB 47.7 million in the previous year[14]. - The cost of sales as a percentage of revenue increased slightly to 33.0% from 32.9% year-on-year[15]. - Sales and distribution expenses increased from RMB 142.6 million to RMB 143.5 million, a growth of 0.6%[17]. - Labor costs rose from RMB 52.7 million to RMB 67.7 million, with the percentage of labor costs to revenue decreasing from 36.3% to 27.9%[17]. - Rental and property expenses decreased from RMB 16.6 million to RMB 15.1 million, a decline of 9%, with expenses accounting for 6.2% of revenue[18]. - Depreciation expenses fell from RMB 45.1 million to RMB 41.1 million, a decrease of 8.9%, with depreciation accounting for 17.0% of sales revenue[18]. - Administrative expenses decreased from RMB 23.6 million to RMB 21.4 million, a reduction of 9.4%[19]. Cash Flow and Liquidity - Net cash inflow from operating activities increased from RMB 37.3 million to RMB 43.2 million[27]. - Total cash and cash equivalents increased from RMB 53.9 million to RMB 66.4 million[26]. - Cash and cash equivalents increased to RMB 66,366 thousand from RMB 52,255 thousand, showing improved liquidity[42]. - Operating cash flow for the period was RMB 43,208 thousand, up from RMB 37,271 thousand in the previous year, indicating a positive trend in cash generation[49]. - The company recorded a net cash inflow of RMB 13,359 thousand in cash and cash equivalents, contrasting with a net outflow of RMB 25,077 thousand in the prior year[50]. Assets and Liabilities - Total non-current assets decreased to RMB 218,762 thousand from RMB 274,954 thousand, indicating a reduction in long-term investments[42]. - The total liabilities decreased from RMB 280,667 thousand to RMB 260,558 thousand, reflecting improved financial stability[42]. - The total bank and other loans due within one year or on demand was RMB 31,611,000 as of June 30, 2023, compared to RMB 28,400,000 as of December 31, 2022, reflecting a rise of approximately 11%[96]. - The group's trade payables as of June 30, 2023, totaled RMB 56,394,000, up from RMB 44,699,000 as of December 31, 2022, indicating an increase of about 26%[95]. Shareholder Information - The issued and fully paid ordinary shares remained at 2,213,031,000 shares as of June 30, 2023, unchanged from December 31, 2022[97]. - Gu Tongshan holds 221,257,550 shares, representing approximately 10.00% of the total shares[141]. - Alpadis Group Holding AG and its affiliates collectively hold 655,087,500 shares, accounting for 29.60% of the total shares[142]. - The company has a significant number of shares held by major shareholders, with Shen Xia holding 167,887,000 shares, which is approximately 7.59%[142]. Corporate Governance - The company has adopted the Corporate Governance Code as per the Hong Kong Stock Exchange Listing Rules and has complied with applicable provisions during the six months ended June 30, 2023[162]. - The Audit Committee has reviewed the unaudited interim condensed consolidated financial statements for the six months ended June 30, 2023[167]. - The company has established an Audit Committee to review and supervise internal controls and financial reporting procedures[165].
上海小南国(03666) - 2023 - 中期财报