Financial Performance - For the three months ended June 30, 2022, the Group reported revenue of RMB 6,284,000, a decrease of 39.8% compared to RMB 10,391,000 for the same period in 2021[13]. - For the six months ended June 30, 2022, the Group's revenue was RMB 10,419,000, down 31.2% from RMB 15,187,000 in the same period of 2021[13]. - The Group's net loss attributable to owners for the six months ended June 30, 2022, was RMB 602,000, compared to a profit of RMB 1,861,000 for the same period in 2021[13]. - The total comprehensive loss attributable to owners for the six months ended June 30, 2022, was RMB 808,000, compared to a total comprehensive income of RMB 1,880,000 for the same period in 2021[13]. - Revenue decreased by approximately RMB 4.8 million or 31% to about RMB 10.4 million for the six months ended June 30, 2022, compared to approximately RMB 15.2 million for the same period in 2021[61]. - The company reported a net loss of approximately RMB 0.6 million for the six months ended June 30, 2022, compared to a net profit of approximately RMB 1.9 million for the same period in 2021, primarily due to decreased revenue impacted by COVID-19[57]. Assets and Equity - As of June 30, 2022, the Group's total assets were RMB 102,886,000, a slight decrease from RMB 104,044,000 as of December 31, 2021[15]. - The Group's total equity as of June 30, 2022, was RMB 89,104,000, down from RMB 89,912,000 as of December 31, 2021[15]. - Cash and cash equivalents as of June 30, 2022, were approximately RMB 93.6 million, compared to RMB 92.9 million as of December 31, 2021[70]. Expenses - The Group's employee benefit expenses for the six months ended June 30, 2022, were RMB 5,836,000, an increase of 18.3% from RMB 4,934,000 for the same period in 2021[13]. - The Group's depreciation expenses for the six months ended June 30, 2022, were RMB 296,000, compared to RMB 151,000 for the same period in 2021[13]. - The company incurred current tax expenses of RMB 111 thousand for the six months ended June 30, 2022, compared to RMB 1,167 thousand for the same period in 2021, a decrease of approximately 90%[42]. - Employee benefits expenses increased by approximately RMB 0.9 million or 18% to about RMB 5.8 million for the six months ended June 30, 2022, due to an increase in the number of employees[63]. Revenue Breakdown - Revenue from event management services for the six months ended June 30, 2022, was RMB 4,626 thousand, down from RMB 4,846 thousand in the same period of 2021, representing a decline of 4.5%[37]. - Revenue from design and production services for the same period was RMB 5,793 thousand, a decrease of 44% from RMB 10,341 thousand in 2021[37]. Cash Flow - Operating cash generated was RMB 1,335 thousand, significantly down from RMB 13,108 thousand in the previous year, resulting in a net cash from operating activities of RMB 568 thousand compared to RMB 12,127 thousand in 2021[30]. Shareholder Information - The company’s major shareholders, Mr. Zhou and Ms. Song, each hold a 52.5% equity interest in the company through QY Investment Holding Limited[97]. - Major shareholders include QY with 420,000,000 shares (52.5%) and SRU Investment Limited with 120,000,000 shares (15.0%) as of June 30, 2022[100]. Corporate Governance - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ending June 30, 2022, confirming compliance with applicable accounting standards and GEM Listing Rules[114]. - The company has adopted corporate governance practices in line with the GEM Listing Rules to enhance shareholder value and accountability[109]. - The company aims to maintain high standards of corporate governance to protect and enhance shareholder interests[109]. Future Plans and Developments - The company is seeking suitable properties in Yixing City for a new headquarters to support business expansion[82]. - The company has established new subsidiaries in Wuxi and Beijing, completing office renovations and acquiring new equipment to support operations[85]. - The marketing team has expanded by hiring 8 additional employees to capture customer demand during the economic recovery[89]. - The company has decided to postpone the recruitment plan for the multimedia production and design team due to the impact of the pandemic on the marketing services market[91].
旅橙文化(08627) - 2022 - 中期财报