Financial Performance - For the six months ended June 30, 2023, the company reported revenue of RMB 11,777,000, a decrease of 20.4% compared to RMB 14,806,000 for the same period in 2022[4] - The gross profit for the same period was RMB 718,000, down 70.0% from RMB 2,396,000 in 2022[4] - The company incurred a loss before tax of RMB 2,590,000, compared to a loss of RMB 2,212,000 in the prior year, representing an increase in loss of 17.1%[4] - The basic loss per share for the six months was RMB 0.52, compared to RMB 0.45 for the same period in 2022[4] - The group recorded a net loss of approximately RMB 2,590,000 for the period[14] - The group experienced a pre-tax loss of RMB 2,590,000 for the six months ended June 30, 2023, compared to a pre-tax loss of RMB 2,212,000 in the same period of 2022[21] - Pre-tax loss for the six months ended June 30, 2023, was RMB 2,590,000, compared to a loss of RMB 2,238,000 in the same period of 2022, indicating an increase in losses of approximately 15.7%[36] - The company reported a loss attributable to shareholders of approximately RMB 2,590,000, an increase of about RMB 352,000 from RMB 2,238,000 in the same period last year[49] Cash Flow and Liquidity - As of June 30, 2023, the company's cash and cash equivalents decreased to RMB 6,459,000 from RMB 14,661,000 at the end of 2022, a decline of 56.0%[6] - The company reported a net cash outflow from operating activities of RMB 1,203,000 for the six months ended June 30, 2023, compared to a net inflow of RMB 788,000 in the same period of 2022[9] - The company has a total equity of RMB (51,223,000) as of June 30, 2023, compared to RMB (48,633,000) at the end of 2022, indicating a further decline in equity[7] - As of June 30, 2023, the company's current liabilities net amount was approximately RMB 51,395,000, compared to RMB 48,834,000 as of December 31, 2022[52] Assets and Liabilities - The total current liabilities increased to RMB 60,032,000 from RMB 66,462,000 at the end of 2022, indicating a reduction of 9.6%[6] - The company's net debt stood at RMB 51,223,000 as of June 30, 2023, compared to RMB 48,633,000 at the end of 2022, reflecting an increase of 3.9%[6] - The group reported a total asset value of RMB 8,809,000 as of June 30, 2023, compared to RMB 8,460,000 as of the end of 2022[23] - Total liabilities increased to RMB 60,032,000 as of June 30, 2023, from RMB 54,699,000 at the end of 2022[23] Revenue Breakdown - Revenue from the sale of electronic equipment and components was RMB 8,798,000 for the six months ended June 30, 2023, a decrease of 33.5% from RMB 13,140,000 in the same period of 2022[18] - Revenue from the sale of CNC machine tool optical products increased to RMB 2,979,000 for the six months ended June 30, 2023, compared to RMB 1,666,000 in the same period of 2022[18] - Revenue from major customers contributing over 10% to total revenue was RMB 9,634,000 in 2023, down from RMB 11,702,000 in 2022, representing a decrease of approximately 17.7%[29] Operational Measures - The group plans to enhance measures to increase operating capital and cash flow, including closely monitoring administrative expenses and operating costs[15] - A major shareholder and a director have confirmed financial support to ensure the group can continue operations for at least the next twelve months[15] Shareholder Information - As of June 30, 2023, Mr. He holds 370,000,000 domestic shares, representing 100.00% of the controlled corporation's interest and 74.00% of the registered capital[67] - Ms. Zou holds 4,225,000 H shares, representing 3.25% of the beneficial ownership and 0.845% of the registered capital[67] - The total issued shares as of June 30, 2023, is 500,000,000, with 370,000,000 domestic shares held by major shareholders, accounting for 74%[71] - Major shareholders include Zhejiang Ruiyuan Robot, which holds 370,000,000 domestic shares, representing 100.00% of the controlled corporation's interest[71] Corporate Governance - The company has complied with all corporate governance codes as per GEM Listing Rules, except for the absence of a CEO position, with daily operations managed by executive directors and senior management[79] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the accounting standards and internal controls, discussing financial reporting matters for the six months ending June 30, 2023[81] - There were no reported violations of the trading compliance standards by employees during the reporting period[77] Other Information - No dividends were declared for the six months ended June 30, 2023, consistent with the previous year[34] - The company has not recognized any income tax expenses for the six months ended June 30, 2023, due to no taxable profits generated in Hong Kong[32] - The company has not made any provisions for potential liabilities related to ongoing legal proceedings as of the report date[41] - The company has no significant contingent liabilities as of the reporting date[43] - The company has no arrangements that would cause directors to hold any interests in the company's shares or related securities during the six months ending June 30, 2023[69] - The company has not established any arrangements that would allow directors to benefit from purchasing shares or bonds of the company or its affiliates[69] - The company has no direct or indirect interests in any competing businesses during the reporting period[76]
瑞远智控(08249) - 2023 - 中期财报