Financial Performance - For the six months ended June 30, 2023, the company reported revenue of RMB 94,882,000, a decrease of 34% compared to RMB 143,901,000 for the same period in 2022[9]. - The gross profit for the same period was RMB 13,340,000, down 26% from RMB 17,989,000 in 2022, resulting in a gross margin of approximately 14.1%[9]. - The company incurred a loss before tax of RMB 3,359,000 for the six months ended June 30, 2023, compared to a loss of RMB 2,350,000 in the prior year, indicating a worsening financial performance[9]. - The total comprehensive loss for the period was RMB 2,287,000, compared to a loss of RMB 400,000 in the same period of 2022[9]. - The company reported a basic and diluted loss per share of RMB 0.37 for the six months ended June 30, 2023, compared to RMB 0.36 in the same period of 2022[9]. - The company reported a loss of RMB 3,584,000 for the six months ended June 30, 2023, compared to a loss of RMB 2,884,000 for the same period in 2022, reflecting an increase in losses of approximately 24.2%[14]. - The company’s total comprehensive income for the six months ended June 30, 2023, was a loss of RMB 2,287,000, compared to a loss of RMB 400,000 for the same period in 2022, indicating a worsening of approximately 471.8%[14]. Assets and Liabilities - As of June 30, 2023, the company's total assets amounted to RMB 184,914,000, a decrease from RMB 190,846,000 at the end of 2022[11]. - As of June 30, 2023, the company's non-current liabilities decreased to RMB 11,898,000 from RMB 13,846,000 as of December 31, 2022, representing a reduction of approximately 14.0%[12]. - The net asset value as of June 30, 2023, was RMB 120,861,000, down from RMB 123,148,000 at the end of 2022, indicating a decline of about 1.9%[12]. - The total liabilities as of June 30, 2023, were RMB 64,053,000, down from RMB 67,698,000 as of December 31, 2022[30]. - The total trade receivables as of June 30, 2023, were RMB 23,165,000, slightly down from RMB 23,579,000 as of December 31, 2022, a decrease of 1.8%[49]. - The total trade payables as of June 30, 2023, were RMB 17,990,000, down 20.0% from RMB 22,503,000 as of December 31, 2022[52]. Cash Flow and Liquidity - The company's cash and bank balances increased significantly to RMB 69,923,000 from RMB 29,385,000 at the end of 2022, indicating improved liquidity[11]. - Operating cash flow for the six months ended June 30, 2023, was RMB 22,683,000, significantly higher than RMB 9,749,000 for the same period in 2022, marking an increase of about 132.5%[17]. - The company’s cash and cash equivalents increased to RMB 69,923,000 as of June 30, 2023, from RMB 34,479,000 at the end of 2022, representing a growth of approximately 102.5%[17]. - The company’s financing cash outflow for the six months ended June 30, 2023, was RMB 2,645,000, slightly lower than RMB 2,782,000 for the same period in 2022[17]. Revenue Segments - Revenue from the sale of inflatable products and related accessories was approximately RMB 89,791,000, down RMB 54,110,000 or 34.6% from the previous year's RMB 143,901,000[57]. - Revenue from dental clinic services was approximately RMB 5,091,000, accounting for about 5.4% of total revenue[57]. - The segment revenue from the sale of inflatable products was RMB 89,804,000 for the six months ended June 30, 2023, down from RMB 143,970,000 in the same period of 2022, representing a decline of 37.6%[30]. - The segment performance for the inflatable products showed a loss of RMB 2,929,000 for the six months ended June 30, 2023, compared to a profit of RMB 1,194,000 in the same period of 2022[30]. Expenses - Distribution and selling expenses totaled approximately RMB 10,316,000, a decrease of RMB 2,860,000 or 21.7% from RMB 13,176,000 in the previous year[62]. - Administrative expenses for the period were approximately RMB 9,188,000, down RMB 891,000 or 8.8% from RMB 10,079,000 in the corresponding period of 2022[63]. - The cost of goods sold for the six months ended June 30, 2023, was RMB 81,542,000, down 35.2% from RMB 125,912,000 in the same period of 2022[42]. Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited financial results for the six months ended June 30, 2023, ensuring compliance with applicable accounting standards[89]. - The company has adhered to the corporate governance code as per GEM Listing Rules during the reporting period[87]. - The company has complied with the trading standards for directors as per GEM Listing Rules during the reporting period[85]. Employee Information - As of June 30, 2023, the group had 567 full-time employees, a decrease from 571 employees as of December 31, 2022[77]. - Total employee compensation for the six months ended June 30, 2023, was approximately RMB 22,530,000, down from approximately RMB 31,724,000 in the same period of 2022[77]. Shareholder Information - Ms. Yan Ping holds a 44.23% equity interest in the company, representing 424,560,000 shares out of 960,000,000 issued shares as of June 30, 2023[79]. - There were no other individuals or entities holding more than 5% of the issued share capital of the company as of June 30, 2023[81]. Other Information - The company did not recommend any interim dividend for the six months ended June 30, 2023, consistent with the previous year[45]. - The company has not granted any stock options under the stock option plan since its adoption on November 15, 2017[83]. - The company has established a stock option plan to provide additional incentives to qualified participants for their contributions[82].
中国口腔产业(08406) - 2023 - 中期财报