Financial Performance - The group reported revenue of RMB 25,492,000 for the three months ended December 31, 2023, a decrease of 25.8% compared to RMB 34,339,000 in the same period of 2022[2]. - Gross profit for the six months ended December 31, 2023, was RMB 5,611,000, representing a slight increase of 5.8% from RMB 5,305,000 in the previous year[2]. - The group incurred a net loss attributable to owners of the company of RMB 11,385,000 for the six months ended December 31, 2023, compared to a loss of RMB 12,235,000 in the same period of 2022, indicating a 6.9% improvement[2]. - The company reported a total loss before tax of RMB 11,385,000 for the six months ended December 31, 2023, slightly improved from a loss of RMB 11,880,000 in the same period of 2022[15]. - The company reported a net cash inflow from operating activities of RMB 4,146,000 for the six months ended December 31, 2023, compared to a net outflow of RMB 7,092,000 in the same period of 2022, indicating a significant improvement[8]. - The company’s total revenue for the six months ended December 31, 2023, was RMB 31,738,000, down from RMB 36,051,000 in the same period of 2022, reflecting a decrease of approximately 12.1%[15]. Assets and Liabilities - Total assets decreased from RMB 144,990,000 as of June 30, 2023, to RMB 133,450,000 as of December 31, 2023, reflecting a decline of 7.9%[3]. - The group’s total liabilities decreased from RMB 126,732,000 as of June 30, 2023, to RMB 122,755,000 as of December 31, 2023, a reduction of 3.1%[3]. - The company’s equity attributable to owners decreased from RMB 47,349,000 as of June 30, 2023, to RMB 37,769,000 as of December 31, 2023, a decline of 20.3%[4]. - The group reported a total of RMB 160,524,000 in total assets and RMB (122,755,000) in total liabilities as of December 31, 2023[18]. Revenue Segmentation - Revenue from the furniture manufacturing and sales segment was RMB 25,055,000 for the six months ended December 31, 2023, down from RMB 26,888,000 in the same period of 2022, reflecting a decrease of approximately 6.8%[15]. - The data center segment generated revenue of RMB 10,996,000 for the six months ended December 31, 2023, compared to RMB 12,133,000 in the same period of 2022, representing a decline of about 9.4%[15]. - Revenue from external customers in China for the six months ended December 31, 2023, was RMB 36,023,000, a decrease of 49% compared to RMB 70,732,000 in the same period of 2022[24]. Expenses and Costs - The company’s administrative and other expenses decreased to RMB 8,331,000 for the six months ended December 31, 2023, down from RMB 10,391,000 in the previous year, reflecting a reduction of 20.9%[2]. - The company incurred financing costs of RMB 5,501,000 for the six months ended December 31, 2023, compared to RMB 4,996,000 in the same period of 2022, indicating an increase of about 10.1%[8]. - Selling and distribution expenses were approximately RMB 35 million, a decrease of about RMB 1 million or approximately 3.8% year-on-year, attributed to reduced showroom renovation costs[85]. - Administrative and other expenses were approximately RMB 96 million, a decrease of about RMB 20 million or approximately 17.1% year-on-year, with significant reductions in legal and professional fees[86]. Cash Flow and Financing - The group recognized a foreign exchange gain of RMB 1,529,000 for the six months ended December 31, 2023, compared to a loss of RMB 1,895,000 in the same period of 2022[6]. - The company’s investment activities resulted in a net cash outflow of RMB 54,000 for the six months ended December 31, 2023, compared to a net inflow of RMB 13,042,000 in the same period of 2022[9]. - The company reported interest income from loans receivable of RMB 1,497,000 for the six months ended December 31, 2023, compared to RMB 1,537,000 in the same period of 2022[21]. Shareholder Information - As of December 31, 2023, Mr. Ma holds 245,300,400 shares, representing approximately 27.04% of the company's issued share capital[119]. - Mr. Yi has a beneficial interest in 80,400,000 shares, accounting for about 8.86% of the issued share capital[119]. - The total number of issued ordinary shares as of December 31, 2023, is 907,333,333[127]. Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated financial statements for the six months ending December 31, 2023, and found them compliant with applicable accounting standards[144]. - The company has adhered to the corporate governance code as per GEM listing rules throughout the reporting period[150].
智昇集团控股(08370) - 2024 - 中期财报