Financial Performance - For the six months ended June 30, 2022, the company's revenue was RMB 143.9 million, a decrease of 2.4% compared to RMB 147.0 million for the same period in 2021[9]. - The gross profit for the same period was RMB 17.99 million, down 51.1% from RMB 36.82 million in 2021[9]. - The company reported a net loss of RMB 2.88 million for the six months ended June 30, 2022, compared to a profit of RMB 9.42 million in the previous year[9]. - The basic and diluted earnings per share for the six months were RMB (0.36), compared to RMB 1.18 in 2021[9]. - The total comprehensive income for the period was a loss of RMB 0.4 million, significantly lower than the RMB 9.1 million reported in 2021[9]. - The total income for the six months ended June 30, 2022, was RMB 143,901,000, a decrease of 2.1% compared to RMB 147,016,000 for the same period in 2021[27]. - The company recorded a loss of approximately RMB 2,884,000 for the period, a decrease of about RMB 12,301,000 or 131% compared to a profit of RMB 9,418,000 in the same period last year[63]. Expenses and Costs - The company incurred financing costs of RMB 0.85 million for the six months, down from RMB 0.996 million in the previous year[9]. - Distribution and selling expenses decreased to RMB 13.18 million from RMB 14.84 million in the previous year, reflecting a reduction of 11.2%[9]. - Administrative expenses increased slightly to RMB 10.08 million from RMB 9.11 million in the previous year, marking an increase of 10.7%[9]. - The total cost of inventory recognized as expenses for the six months ended June 30, 2022, was RMB 125,912 thousand, an increase of 14.3% from RMB 110,198 thousand in the same period of 2021[9]. - The depreciation expense for property, plant, and equipment for the six months ended June 30, 2022, was RMB 1,159 thousand, compared to RMB 1,094 thousand for the same period in 2021, reflecting a rise of 5.9%[9]. Assets and Liabilities - As of June 30, 2022, total assets amounted to RMB 211,578 thousand, an increase from RMB 202,906 thousand as of December 31, 2021, representing a growth of approximately 4.3%[10]. - The company's non-current liabilities decreased to RMB 16,551 thousand as of June 30, 2022, down from RMB 19,166 thousand at the end of 2021, a reduction of approximately 13.5%[10]. - The total equity attributable to owners of the company decreased to RMB 118,309 thousand as of June 30, 2022, from RMB 118,709 thousand at the end of 2021, reflecting a slight decline of 0.3%[10]. - The trade receivables as of June 30, 2022, amounted to RMB 70,889 thousand, a significant increase of 52.9% from RMB 46,309 thousand at the end of December 2021[45]. - The company reported a total of RMB 73,077 thousand in trade and other payables as of June 30, 2022, up from RMB 61,046 thousand at the end of December 2021, indicating an increase of 19.7%[48]. Cash Flow and Liquidity - Cash and cash equivalents increased to RMB 34,479 thousand as of June 30, 2022, up from RMB 25,590 thousand at the beginning of the period, reflecting a net increase of RMB 6,360 thousand[13]. - Operating cash flow for the six months ended June 30, 2022, was a net outflow of RMB 10,033 thousand, compared to an outflow of RMB 16,886 thousand in the same period of 2021, indicating an improvement in cash flow management[13]. - The company’s current ratio was approximately 2.35, down from 2.58 as of December 31, 2021[66]. Foreign Exchange and Other Income - The company experienced a foreign exchange gain of RMB 2.48 million for the six months, compared to a loss of RMB 0.32 million in the previous year[9]. - The company reported a foreign exchange gain of RMB 2,529 thousand for the six months ended June 30, 2022, compared to a loss of RMB 869 thousand in the previous year, indicating a positive shift in foreign currency impact[13]. - Interest income from bank deposits for the six months ended June 30, 2022, was RMB 44,000, an increase of 69.2% compared to RMB 26,000 for the same period in 2021[31]. - Other income and gains totaled approximately RMB 3,762,000, an increase of about RMB 3,010,000 or 400% compared to RMB 752,000 in the corresponding period of 2021[59]. Corporate Governance and Management - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited financial results for the period and found them compliant with applicable accounting standards[88]. - The company has adhered to the corporate governance code as per GEM listing rules during the reporting period[86]. - The company has not made any significant changes to its liquidity and funding risk management policies since December 31, 2021[23]. - The company has identified only one operating segment, which is the manufacturing and sale of inflatable products and related accessories[25]. Employee and Shareholder Information - The company employed 698 full-time employees as of June 30, 2022, a decrease from 953 employees as of December 31, 2021[75]. - As of June 30, 2022, Ms. Yan Ping holds a beneficial interest of 424,560,000 shares, representing 53.07% of the company's ordinary shares[77]. - There are no other individuals or entities holding more than 5% of the issued share capital of the company as of June 30, 2022[80]. - The company has not granted any options under the share option scheme since its adoption on November 15, 2017[82].
中国口腔产业(08406) - 2022 - 中期财报