Financial Performance - For the six months ended June 30, 2022, the group recorded unaudited revenue of approximately RMB 36.8 million, a slight decrease of about 3.2% compared to RMB 38.0 million for the same period in 2021[4]. - The group reported an unaudited loss of approximately RMB 3.4 million for the six months ended June 30, 2022, compared to an unaudited loss of RMB 1.0 million for the same period in 2021[4]. - Basic loss per share for the six months ended June 30, 2022, was RMB 0.4 cents, compared to RMB 0.1 cents for the same period in 2021[4]. - Gross profit for the six months ended June 30, 2022, was RMB 10.54 million, down from RMB 11.10 million in the same period of 2021[11]. - The total revenue for the six months ended June 30, 2022, was RMB 36,771 thousand, a decrease of 3.3% from RMB 38,009 thousand in 2021[46]. - Revenue from sales to garment manufacturers was RMB 22,203 thousand, down from RMB 26,515 thousand in the previous year, reflecting a decline of 16.5%[50]. - The revenue from sales of printed products was RMB 13,975 thousand, a slight decrease from RMB 14,513 thousand in the previous year[46]. - The group incurred a loss attributable to owners of the company of RMB 3,420,000 for the six months ended June 30, 2022, compared to a loss of RMB 994,000 in the same period of 2021[66]. Assets and Liabilities - Total assets less current liabilities as of June 30, 2022, amounted to RMB 53.52 million, compared to RMB 56.95 million as of December 31, 2021[19]. - Non-current assets as of June 30, 2022, were RMB 12.73 million, down from RMB 14.91 million as of December 31, 2021[16]. - Current assets as of June 30, 2022, totaled RMB 53.56 million, a decrease from RMB 55.48 million as of December 31, 2021[16]. - The total equity as of June 30, 2022, was RMB 53.46 million, down from RMB 56.89 million as of December 31, 2021[20]. - Trade receivables as of June 30, 2022, amounted to RMB 17,466,000, an increase from RMB 15,934,000 as of December 31, 2021[70]. - The group’s trade payables as of June 30, 2022, totaled RMB 5,502,000, an increase from RMB 4,879,000 as of December 31, 2021[76]. Cash Flow - The company's net cash used in operating activities for the six months ended June 30, 2022, was RMB (1,973) thousand, an improvement from RMB (3,017) thousand in the same period of 2021[29]. - The net cash generated from investing activities for the same period was RMB 3,887 thousand, compared to RMB 432 thousand in 2021, indicating a significant increase[36]. - The company reported an increase in cash and cash equivalents, with a net increase of RMB 408 thousand, compared to a decrease of RMB (4,090) thousand in the prior year[37]. - The cash and cash equivalents at the end of the period stood at RMB 29,936 thousand, up from RMB 27,177 thousand at the end of the previous year[37]. - The group’s cash and cash equivalents as of June 30, 2022, were RMB 29.94 million, slightly up from RMB 29.31 million as of December 31, 2021[16]. Dividends - The board of directors decided not to declare an interim dividend for the six months ended June 30, 2022, consistent with the previous year[4]. - The group did not declare an interim dividend for the six months ended June 30, 2022, compared to no dividend declared for the same period in 2021[63]. - The company does not plan to declare an interim dividend for the six months ended June 30, 2022, similar to the previous year[118]. Expenses - Distribution and selling expenses increased to approximately RMB 1.9 million for the six months ended June 30, 2022, from RMB 1.8 million in the previous year[94]. - Administrative expenses rose to approximately RMB 12.4 million for the six months ended June 30, 2022, from RMB 9.5 million in the previous year, primarily due to increased personnel costs and other expenses[95]. - As of June 30, 2022, the total employee benefits expenditure, including director remuneration, was approximately RMB 11.7 million, an increase from RMB 10.4 million for the same period in 2021[112]. Corporate Governance - The company has adopted a code of conduct for directors' securities transactions, complying with GEM listing rules[151]. - The company has adhered to corporate governance standards and principles during the reporting period[152]. - No directors had significant interests in any contracts of major significance to the group's business during the six months ending June 30, 2022[153]. - The company has not identified any competing interests from its major shareholders or their close associates as of June 30, 2022[157]. Future Outlook and Strategy - The company continues to focus on the garment supply chain, with a strategy to enhance its product offerings and market presence in China[41]. - The company plans to invest more resources in identifying potential clients in China and exploring opportunities with domestic and overseas apparel brands to increase sales and profitability[90]. - The company anticipates stable growth in the apparel materials market despite challenges from COVID-19 and intense price competition[119]. - The company will continue to explore new business opportunities to expand revenue sources, including through various channels for selling apparel products[119]. Risk Factors - The company has identified potential risks including reliance on customer demand and the impact of COVID-19 on operations[122]. - The ongoing pandemic continues to create additional uncertainty in the global macroeconomic environment, potentially impacting the company's financial performance[158]. Audit and Compliance - The audit committee, established on June 24, 2017, is responsible for reviewing financial statements and overseeing the company's financial reporting system and risk management[159]. - The audit committee currently consists of three independent non-executive directors, ensuring no conflicts of interest with previous or current auditors[162]. - The interim report for 2022 has been reviewed by the audit committee and is deemed to comply with applicable accounting standards and GEM listing rules[162].
新达控股(08471) - 2022 - 中期财报