Financial Performance - Revenue for the six months ended December 31, 2023, was RMB 72,536,000, an increase of 2.5% compared to RMB 70,756,000 for the same period in 2022[4] - Gross profit for the same period was RMB 18,154,000, down 4.1% from RMB 18,937,000 in 2022[4] - Operating loss increased to RMB 5,667,000 from RMB 3,073,000 year-on-year, reflecting a 84.5% increase in losses[4] - The net loss attributable to the owners of the company for the period was RMB 5,680,000, compared to RMB 3,087,000 in the previous year, representing an increase of 84.5%[4] - Basic and diluted loss per share was RMB 0.55, compared to RMB 0.30 for the same period in 2022[4] - The group reported customer contract revenue of RMB 72,536,000 for the six months ended December 31, 2023, compared to RMB 70,756,000 for the same period in 2022, representing an increase of approximately 2.5%[21] - Other income for the six months ended December 31, 2023, was RMB 1,719,000, a decrease of 56.8% from RMB 3,986,000 in the same period of 2022[22] - The group incurred a pre-tax loss of RMB 54,382,000 for the six months ended December 31, 2023, compared to RMB 51,819,000 in the same period of 2022, indicating an increase in costs[26] - The total reportable segment revenue for the six months ended December 31, 2023, was RMB 72,536,000, an increase from RMB 70,756,000 in the same period of 2022, representing a growth of approximately 2.5%[36] - The total reportable segment loss for the six months ended December 31, 2023, was RMB (5,312,000), compared to RMB (4,642,000) for the same period in 2022, indicating a deterioration in performance[38] Assets and Liabilities - Total assets as of December 31, 2023, were RMB 1,733,442,000, slightly down from RMB 1,739,416,000 as of June 30, 2023[8] - The company’s reportable segment assets totaled RMB 276,337,000 as of December 31, 2023, down from RMB 283,962,000 as of June 30, 2023[38] - The group’s current assets net value was approximately RMB 1,440,647,000 as of December 31, 2023, down from RMB 1,466,039,000 as of June 30, 2023[62] - The reportable segment liabilities decreased to RMB 21,381,000 as of December 31, 2023, from RMB 29,009,000 as of June 30, 2023[39] Cash Flow - Cash and cash equivalents at the end of the period were RMB 1,409,555,000, a decrease from RMB 1,444,580,000 at the beginning of the period[14] - The company reported a net cash outflow from operating activities of RMB 9,324,000, compared to a cash inflow of RMB 1,991,000 in the same period last year[14] Employee and Operational Costs - Employee costs increased to RMB 17,247,000 for the six months ended December 31, 2023, from RMB 18,959,000 in the same period of 2022, reflecting a decrease of approximately 9.0%[23] - The group recognized research and development expenses of RMB 1,690,000 for the six months ended December 31, 2023, down from RMB 2,691,000 in the same period of 2022, a decrease of approximately 37.2%[26] - The group’s depreciation expense for property, plant, and equipment was RMB 11,303,000 for the six months ended December 31, 2023, slightly down from RMB 11,440,000 in the same period of 2022[26] - The group’s bank interest income decreased to RMB 1,445,000 for the six months ended December 31, 2023, from RMB 1,992,000 in the same period of 2022, a decline of approximately 27.5%[22] Future Outlook and Strategy - The group expects no significant impact from the newly issued accounting standards and amendments on its current or future reporting periods[19] - The company continues to focus on the research, development, production, and sales of industrial automation instruments and technology products[47] - The company has no significant expansion plans due to global market instability and will proceed cautiously with future development plans[52] - The group will continue to monitor industry developments and review its business expansion plans regularly[73] Governance and Compliance - The audit committee has reviewed the unaudited interim results for the six months ended December 31, 2023, ensuring compliance with relevant accounting standards[90] - The board does not recommend any interim dividend for the six months ended December 31, 2023, consistent with the previous year[78] - The group has not engaged in any purchase, sale, or redemption of its listed securities during the period[80] - The group has not utilized any financial instruments to hedge foreign exchange risks, which primarily arise from financial assets and liabilities denominated in foreign currencies[75] Miscellaneous - The company acquired property, plant, and equipment amounting to approximately RMB 89,000 during the current period, compared to zero in the same period last year[40] - The company has not recognized any deferred tax liabilities for the period due to tax losses recorded by its subsidiary, Fujian Shangrun Precision Instrument Co., Ltd.[31] - There are no major contingent liabilities or capital commitments as of December 31, 2023[77][76] - The remaining net proceeds are held in short-term deposits with financial institutions[68] - The group has not made any significant investments or acquisitions of subsidiaries, associates, or joint ventures during the period[69][70] - As of December 31, 2023, the group employed a total of 446 staff, with employee costs (excluding directors' remuneration) approximately RMB 17,247,000, a decrease from RMB 18,959,000 for the same period last year[71] - The independent non-executive directors are Ms. Ji Qinzhi, Dr. Hu Guoqing, and Mr. Chen Yuxiao[94] - The executive directors include Mr. Huang Xunsong, Mr. Zou Chong, Mr. Su Fangzhong, and Mr. Zhang Quan[94]
中国高精密(00591) - 2024 - 中期业绩