Financial Performance - Revenue for the six months ended December 31, 2023, was RMB 39,385,000, a decrease of 13.0% compared to RMB 45,723,000 in the same period of 2022[3]. - Gross profit for the same period was RMB 12,329,000, down from RMB 13,089,000, reflecting a gross margin of approximately 31.3%[3]. - Operating loss increased to RMB 4,619,000 from RMB 909,000 year-over-year, indicating a significant decline in operational performance[3]. - Net loss attributable to owners of the company was RMB 5,939,000, compared to RMB 3,827,000 in the previous year, representing a 55.2% increase in losses[5]. - Total comprehensive loss for the period was RMB 6,880,000, up from RMB 3,690,000, marking an increase of 86.5%[5]. - Basic and diluted loss per share for the period was RMB (0.002), compared to RMB (0.001) in the previous year, reflecting worsening financial performance[5]. - For the six months ended December 31, 2023, the company reported a loss of RMB 5,939,000, compared to a loss of RMB 3,827,000 for the same period in 2022, indicating an increase in loss of approximately 55.3%[12]. - The total comprehensive expenses for the period amounted to RMB 6,880,000, which is an increase from RMB 3,690,000 in the previous year, reflecting a rise of about 86.5%[12]. - Cash generated from operating activities was RMB 249,000, a significant decrease from RMB 4,009,000 in the prior year[10]. Assets and Liabilities - Total assets as of December 31, 2023, were RMB 203,783,000, down from RMB 210,094,000 as of June 30, 2023[7]. - The company's cash and cash equivalents at the end of the period were RMB 89,322,000, a decrease from RMB 88,718,000 year-over-year[10]. - Non-controlling interests decreased to RMB 4,436,000 from RMB 3,407,000, indicating a change in ownership structure[8]. - The company’s accumulated losses increased to RMB 6,662,054,000 as of December 31, 2023, compared to RMB 6,656,172,000 at the beginning of the period, indicating a marginal increase in losses[12]. - Total equity as of December 31, 2023, was RMB 204 million, down from RMB 209 million as of June 30, 2023[50]. - The company held cash and cash equivalents of RMB 106 million as of December 31, 2023, compared to RMB 109 million as of June 30, 2023[50]. - The company has no significant capital commitments as of the reporting date[42]. - The company has no significant contingent liabilities as of December 31, 2023[57]. - There are no pledged assets to any banks or financial institutions as of December 31, 2023[56]. Revenue Sources - Revenue from external customers is primarily derived from agricultural product sales, with over 90% of total revenue coming from customers located in Hong Kong[20]. - The company identified four major customers contributing over 10% of total revenue, with the highest revenue from Customer B at RMB 5,719,000 for the six months ended December 31, 2023, down from RMB 6,356,000 in 2022[22]. - The company has not presented a business segment analysis as over 90% of its revenue and operating performance is derived from crop sales[19]. Employee and Operational Costs - Employee costs, including director remuneration, increased to RMB 7,834,000 in 2023 from RMB 7,124,000 in 2022, reflecting a rise of 9.9%[25]. - Interest income recorded a loss of RMB 926,000 for the six months ended December 31, 2023, compared to a loss of RMB 392,000 in the previous year, representing a deterioration of 136.7%[26]. - The cost of goods sold decreased to RMB 27,056,000 in 2023 from RMB 32,634,000 in 2022, a reduction of 17.2%[26]. - The company incurred depreciation expenses of RMB 1,559,000 for property, plant, and equipment for the six months ended December 31, 2023, compared to RMB 3,031,000 for the same period in 2022, a decrease of 48.5%[33]. Shareholder Information - The average number of ordinary shares issued remained stable at approximately 3,295,582,000 shares for both periods under review[31][32]. - As of December 31, 2023, the company has issued a total of 3,295,582,491 ordinary shares, with no changes during the review period[58]. - Mr. Guo Hao holds 645,092,644 shares, representing 19.57% of the issued share capital, through his wholly-owned entity, Kailey Investment Ltd.[62]. - Kailey Investment Ltd. is recorded as a major shareholder with 643,064,644 shares, accounting for 19.51% of the issued share capital[68]. - The company has a total of 241,230,000 stock options remaining as of December 31, 2023, after accounting for 600,000 options that have expired[73]. - The exercise price for the stock options granted is HKD 0.187, with the options granted to various participants including directors and employees[73]. Corporate Governance - The audit committee, consisting of independent non-executive directors, has reviewed the interim financial report[76]. - The company has complied with the Corporate Governance Code, except for the separation of roles between the Chairman and CEO, which is currently held by the same individual[78]. - The Chairman was absent from the annual general meeting held on December 15, 2023, due to business commitments[79]. - The company has adopted the Standard Code for Securities Transactions by Directors, confirming compliance by all directors during the six months ending December 31, 2023[81]. Future Plans - The company plans to focus on digital construction in agricultural production and promote its self-developed smart farm management system[49]. - The company has not engaged in any arrangements that would benefit its directors or their immediate family members through the acquisition of shares or debt securities[67]. - The company has not participated in any significant mergers or acquisitions during the review period[67]. - There are no significant changes in the capital structure during the review period[58].
超大现代(00682) - 2024 - 中期财报