Financial Performance - For the six months ended December 31, 2021, the company's revenue was RMB 43,410,000, an increase of 20.5% compared to RMB 36,143,000 for the same period in 2020[4] - Gross profit for the same period was RMB 11,432,000, representing a gross margin of 26.3%, up from RMB 9,825,000 in 2020[4] - Operating loss decreased to RMB 9,161,000 from RMB 9,942,000 year-on-year, indicating a 7.8% improvement[4] - The net loss for the period was RMB 9,274,000, compared to RMB 10,168,000 in the previous year, reflecting a reduction of 8.8%[4] - Total comprehensive loss for the period was RMB 9,937,000, down from RMB 13,651,000 in the same period last year, a decrease of 27.5%[4] - The company reported a basic and diluted loss per share of RMB 0.003, unchanged from the previous year[4] - The company recorded revenue of RMB 430 million for the period, an increase of approximately 20% compared to RMB 360 million in the same period last year[65] - Gross profit for the period was RMB 110 million, up from RMB 100 million in the previous year[65] - Operating loss for the period was RMB 90 million, compared to RMB 100 million for the same period last year[65] - Loss attributable to the owners of the company was RMB 100 million, consistent with the loss reported for the same period last year[65] Assets and Liabilities - As of December 31, 2021, total assets were RMB 218,291,000, a slight decrease from RMB 228,334,000 as of June 30, 2021[5] - Cash and bank balances stood at RMB 100,720,000, down from RMB 106,863,000 at the end of the previous period[5] - The company’s net book value of property, plant, and equipment decreased from RMB 33,874 thousand to RMB 32,022 thousand[56] - The total equity of the group was RMB 218 million as of December 31, 2021, down from RMB 228 million as of June 30, 2021[70] - The company's debt-to-equity ratio was zero, indicating no bank loans or long-term debts outstanding as of December 31, 2021[70] - The company has no significant or contingent liabilities as of the reporting date[70] Expenses - Employee costs, including director remuneration, totaled RMB 8,290,000 for the six months ended December 31, 2021, compared to RMB 9,748,000 in 2020[47] - General and administrative expenses decreased by 9% to RMB 230 million[65] - Sales and distribution expenses remained stable at RMB 30 million, unchanged from the previous year[65] - The financing costs for the six months ended December 31, 2021, were RMB 113,000, down from RMB 226,000 in 2020[46] - The cost of inventories sold was RMB 31,978,000 for the six months ended December 31, 2021, compared to RMB 24,755,000 in 2020[48] - Depreciation of right-of-use assets was RMB 2,781,000 for the six months ended December 31, 2021, down from RMB 4,073,000 in 2020[48] Accounting Standards - The company has adopted new accounting standards which did not have a significant impact on the financial performance for the period[11] - The company has not early adopted the newly issued and revised Hong Kong Financial Reporting Standards, which include HKFRS 17 on insurance contracts and HKAS 1 regarding the classification of liabilities as current or non-current[14] - The anticipated application of the new and revised standards is not expected to have a significant impact on the company's financial position and performance[15] - The amendments to HKFRS 10 and HKAS 28 regarding asset sales or contributions between investors and their associates or joint ventures clarify that gains or losses from transactions with subsidiaries or joint ventures are recognized only to the extent of unrelated investors' interests[19] - The company plans to apply the amendments to HKFRS 3 regarding business combinations for acquisitions occurring on or after January 1, 2022[18] - The revisions to HKAS 1 provide clarification on the classification of liabilities as current or non-current based on rights existing at the reporting date[23] - The amendments to HKAS 8 define accounting estimates as monetary amounts in financial statements that are subject to measurement uncertainty[26] - The company expects that the adoption of these amendments will not have a significant impact on its consolidated financial statements[27] - The revisions to HKFRS 1 replace the term "major accounting policies" with "significant accounting policy information" to enhance clarity in disclosures[25] - The company will implement the revised standards and expects them to potentially affect the disclosure of its significant accounting policies[25] - The amendments to HKAS 37 clarify that the classification of liabilities should not be influenced by management's intentions or expectations regarding settlement within 12 months[24] Regional Operations - The group’s revenue from external customers is over 90% located in Hong Kong[42] - More than 90% of the group's non-current assets are primarily from a single region, China[43] - Customer A contributed RMB 5,706,000 to total revenue for the six months ended December 31, 2021, compared to RMB 6,790,000 for the same period in 2020[44] Corporate Governance and Strategy - The board of directors believes that good corporate governance is essential for maintaining the company's interests and assets, as well as providing long-term returns to shareholders[72] - The audit committee consists of independent non-executive directors with appropriate professional qualifications and expertise in accounting or related financial management[74] - The company is focusing on a new operational model that aligns with national policies to address issues in agricultural production and market connectivity[68] - The company emphasizes green development and soil protection to enhance the quality and supply level of agricultural products[67] - The ongoing COVID-19 pandemic continues to impact daily life and market activities, with the true effects of the Omicron variant still emerging[68]
超大现代(00682) - 2022 - 中期财报