Financial Performance - The group's revenue for the six months ended December 31, 2023, was approximately RMB 72,536,000, an increase of about 2.52% compared to RMB 70,756,000 for the same period in 2022[1]. - The operating loss for the six months ended December 31, 2023, was approximately RMB 5,667,000, compared to an operating loss of RMB 3,073,000 for the same period in 2022[1]. - The net loss attributable to the company's owners for the six months ended December 31, 2023, was approximately RMB 5,680,000, compared to RMB 3,087,000 for the same period in 2022[1]. - Basic and diluted loss per share for the six months ended December 31, 2023, was RMB 0.55, compared to RMB 0.30 for the same period in 2022[1]. - The gross profit for the six months ended December 31, 2023, was RMB 18,154,000, compared to RMB 18,937,000 for the same period in 2022[4]. - The company incurred a total comprehensive loss of RMB 6,380,000 for the six months ended December 31, 2023, compared to a comprehensive income of RMB 3,722,000 in the same period in 2022[13]. - The company reported a loss of RMB 5,680,000 for the period ended December 31, 2023, reflecting a decline from the previous year's performance[13]. - The total equity attributable to shareholders was approximately RMB 1,714,212,000[1]. - The total equity attributable to the owners of the company decreased by approximately RMB 6,380,000 to about RMB 1,714,212,000 as of December 31, 2023[66]. Cash Flow and Assets - The company's cash and cash equivalents as of December 31, 2023, were RMB 1,409,555,000, a decrease from RMB 1,444,580,000 as of June 30, 2023[9]. - For the six months ended December 31, 2023, 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 of 2022[13]. - The total cash and cash equivalents decreased by RMB 35,025,000, ending at RMB 1,409,555,000 as of December 31, 2023, compared to RMB 1,437,390,000 at the end of 2022[13]. - The company's non-current assets as of December 31, 2023, totaled RMB 292,795,000, compared to RMB 273,377,000 as of June 30, 2023[9]. - Total assets reported as of December 31, 2023, were RMB 1,800,782,000, a slight decrease from RMB 1,814,061,000 as of June 30, 2023[33]. - Trade receivables as of December 31, 2023, totaled RMB 73,065,000, slightly up from RMB 72,348,000 as of June 30, 2023[38]. - Trade payables decreased to RMB 18,223,000 as of December 31, 2023, from RMB 26,344,000 as of June 30, 2023, indicating better cash flow management[39]. Dividends and Shareholder Information - The board of directors did not recommend any interim dividend for the six months ended December 31, 2023, consistent with the previous year[1]. - The company did not declare or propose any dividends for the six months ended December 31, 2023, nor since the end of the reporting period[43]. - As of December 31, 2023, the total number of issued shares was 1,037,500,000[82]. - Major shareholder Capital Research and Management Company holds approximately 8.04% of the company's issued shares[84]. Expenses and Costs - Employee costs increased to RMB 18,959,000 in 2023 from RMB 17,247,000 in 2022, reflecting a rise of 9.9%[21]. - Research and development expenses recognized as costs were RMB 1,690,000, down 37.2% from RMB 2,691,000 in the prior year[24]. - Depreciation of property, plant, and equipment was RMB 11,303,000, slightly down from RMB 11,440,000 in the previous year[24]. - Employee costs (excluding directors' remuneration) were approximately RMB 17.25 million, a decrease from RMB 18.96 million for the same period last year[72]. Segment Performance - Revenue from the sale of automation instruments and technical products for the six months ended December 31, 2023, was RMB 72,536,000, an increase of 7.4% from RMB 67,284,000 in the same period of 2022[19]. - Reported 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%[32]. - Adjusted operating loss for the total segment was RMB (5,312,000) for the six months ended December 31, 2023, compared to RMB (4,642,000) in the same period of 2022, indicating a decline in performance[33]. - The group recorded a reportable segment loss of approximately RMB 1,487,000 from the automation instruments and technical products segment, compared to a loss of RMB 226,000 in the same period last year[51]. Committees and Governance - The company has established a Nomination Committee since 2008, responsible for reviewing the board's structure and diversity at least annually[97]. - The Remuneration Committee, composed of three independent non-executive directors, is responsible for recommending remuneration policies for directors and senior management[95]. - The Audit Committee consists of three independent non-executive directors, ensuring independent opinions on financial reporting and risk management[98]. - The Audit Committee has reviewed the unaudited interim results for the six months ending December 31, 2023, confirming compliance with relevant accounting standards and regulations[99]. Future Outlook and Strategy - The group had no significant expansion plans during the period due to global market instability, and the board will prudently consider future development plans[54]. - The group has no significant future investment or capital asset plans as of December 31, 2023[74]. - The group has no significant investments during the period[69]. - The group has no foreign exchange hedging instruments and does not expect significant impact from currency fluctuations[75].
中国高精密(00591) - 2024 - 中期财报