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京维集团(01195) - 2024 - 中期业绩
KINGWELL GROUPKINGWELL GROUP(HK:01195)2024-02-28 09:43

Financial Performance - Revenue for the six months ended December 31, 2023, was RMB 33,158,000, a decrease of 15.5% compared to RMB 39,163,000 for the same period in 2022[5] - Gross profit for the same period was RMB 4,910,000, down 39.5% from RMB 8,151,000 in 2022[5] - The company reported a loss before tax of RMB 1,200,000, compared to a profit of RMB 196,000 in the previous year[5] - The net loss for the period was RMB 1,485,000, compared to a loss of RMB 1,193,000 in 2022[5] - The basic and diluted loss per share for the period was RMB 0.06, compared to RMB 0.03 in the same period last year[6] - The company reported a total income tax expense of RMB 285 thousand for the six months ended December 31, 2023, down from RMB 1,389 thousand for the same period in 2022, indicating a reduction of approximately 79.5%[26] - The loss attributable to ordinary shareholders was approximately RMB 1,658,000, an increase from RMB 1,011,000 in 2022, with basic loss per share of RMB 0.06 compared to RMB 0.03 in 2022[36] Cash Flow and Assets - Cash and cash equivalents at the end of the period were RMB 62,306,000, down from RMB 63,469,000 at the end of June 2023[11] - Operating cash flow for the period was a net outflow of RMB 1,617,000, compared to an inflow of RMB 6,463,000 in the previous year[11] - Total assets less current liabilities amounted to RMB 127,560,000, a slight decrease from RMB 128,921,000 as of June 30, 2023[9] - The company’s total equity was RMB 124,676,000, down from RMB 125,976,000 at the end of June 2023[9] - Trade receivables as of December 31, 2023, were RMB 26,220,000, down from RMB 29,167,000 as of June 30, 2023, with a provision for impairment of RMB 1,789,000[30] - The net current assets were approximately RMB 101,649,000, down from RMB 102,669,000 as of June 30, 2023[46] - The total assets minus current liabilities were approximately RMB 127,560,000, compared to RMB 128,921,000 as of June 30, 2023[46] - The company's equity attributable to shareholders decreased by RMB 1,473,000 to RMB 112,639,000 as of December 31, 2023, from RMB 114,112,000 as of June 30, 2023[46] - The debt-to-equity ratio as of December 31, 2023, was negative 0.34%, compared to 0.07% as of June 30, 2023[46] Segment Performance - For the six months ended December 31, 2023, the revenue from property management services was RMB 32,786 thousand, a decrease from RMB 39,075 thousand for the same period in 2022, representing a decline of approximately 16.5%[21] - The total revenue for the property development, leasing, and management services segment was RMB 34,468 thousand for the six months ended December 31, 2023, compared to RMB 40,437 thousand for the same period in 2022, indicating a decrease of about 14.7%[21] - The adjusted loss before tax for the property development, leasing, and management services segment was RMB 1,200 thousand for the six months ended December 31, 2023, compared to a profit of RMB 196 thousand for the same period in 2022[24] - The total assets for the property development, leasing, and management services segment as of December 31, 2023, were RMB 160,620 thousand, slightly down from RMB 162,562 thousand as of June 30, 2023[23] - The total liabilities for the property development, leasing, and management services segment as of December 31, 2023, were RMB 36,397 thousand, a decrease from RMB 43,151 thousand as of June 30, 2023, reflecting a reduction of approximately 15.6%[23] - The cost of services provided for property management was RMB 27,907 thousand for the six months ended December 31, 2023, compared to RMB 30,974 thousand for the same period in 2022, showing a decrease of about 6.7%[24] - The company recorded a profit of approximately RMB 1,896,000 from property development, leasing, and management services, down from RMB 4,700,000 in 2022[41] - The total assets for the property development, leasing, and management services segment were approximately RMB 160,620,000 as of December 31, 2023, compared to RMB 162,562,000 as of June 30, 2023[41] Strategic Developments - The gold mining segment was sold on March 20, 2023, indicating a strategic shift in the company's operational focus[18] - The company plans to seek potential acquisition projects to expand its management services business in the Greater Bay Area of China[44] - The company expects the Xuzhou project to continue generating positive cash flow and enhance its expertise in property management in China[42] - The company continues to monitor its operational segments to make informed resource allocation decisions and performance evaluations[19] Corporate Governance and Compliance - The company has adopted the Corporate Governance Code but has deviated from the provision that the roles of Chairman and CEO should be separate[67] - The company has confirmed that all directors have complied with the standards set out in the Code of Conduct for securities transactions during the reporting period[68] - There are no significant interests held by directors in any competing businesses[69] - The company has no provisions in its articles of association regarding pre-emptive rights for existing shareholders when new shares are issued[70] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the interim results for the six months ending December 31, 2023[72] - There have been no significant events affecting the group since the end of the reporting period[73] Employee Information - The total employee count increased to 496 as of December 31, 2023, from 491 in 2022[49] - The total employee costs, including directors' remuneration, were approximately RMB 3,694,000 during the period[49] Dividends and Investments - The company has no interim dividend declared for the six months ended December 31, 2023[29] - There were no significant investments or acquisitions during the reporting period[47][48] - The company has no capital commitments or pledged assets as of December 31, 2023[58][54] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[65]