Financial Performance - For the six months ended December 31, 2023, the revenue was approximately RMB 33,158,000, a decrease from RMB 39,163,000 in the same period last year, representing a decline of 15.6%[3] - The pre-tax loss for the same period was approximately RMB 1,200,000, compared to a profit of RMB 196,000 in the previous year[3] - The loss attributable to the owners of the company was approximately RMB 1,658,000, an increase from RMB 1,011,000 in the prior year[9] - The basic and diluted loss per share for the period was RMB 0.06, compared to RMB 0.03 in the previous year[9] - The gross profit for the six months was RMB 4,910,000, down from RMB 8,151,000 in the same period last year, indicating a decline of 39.4%[8] - The total comprehensive loss for the period was RMB 1,300,000, compared to RMB 12,403,000 in the same period last year, indicating a significant improvement[9] - The company reported a net cash flow from operating activities of RMB (1,617) thousand for the six months ended December 31, 2023, compared to RMB 6,463 thousand in the same period last year[15] - The total comprehensive loss for the period was RMB (6,552) thousand, which includes a foreign exchange loss of RMB (5,541) thousand[13] - The company recorded a net loss of RMB (1,658) thousand for the year, with total comprehensive loss amounting to RMB (1,473) thousand for the six months ended December 31, 2023[15] Assets and Liabilities - Total equity of the group decreased to RMB 124,676,000 from RMB 125,976,000 as of June 30, 2023[11] - Cash and cash equivalents as of December 31, 2023, were RMB 62,306,000, slightly down from RMB 63,469,000 as of June 30, 2023[10] - The total assets less current liabilities amounted to RMB 127,560,000, a slight decrease from RMB 128,921,000 as of June 30, 2023[11] - As of December 31, 2023, the total equity was RMB 124,676 thousand, a decrease from RMB 133,952 thousand as of June 30, 2023[13] - The accounts receivable from trade amounted to RMB 26,220,000 as of December 31, 2023, down from RMB 29,167,000 as of June 30, 2023, reflecting a decrease of approximately 10.1%[43] - The total assets for the property development, leasing, and management services segment as of December 31, 2023, were RMB 160,620,000, a slight decrease from RMB 162,562,000 as of June 30, 2023[32] - The total liabilities for the property development, leasing, and management services segment decreased to RMB 36,397,000 as of December 31, 2023, down from RMB 43,151,000 as of June 30, 2023, indicating a reduction of approximately 15.6%[32] Segment Performance - For the six months ended December 31, 2023, the property development, leasing, and management services segment generated revenue of RMB 34,468,000, a decrease from RMB 40,437,000 in the same period of 2022, representing a decline of approximately 14.5%[27] - The adjusted loss before tax for the property development, leasing, and management services segment was RMB 1,200,000 for the six months ended December 31, 2023, compared to a profit of RMB 196,000 in the same period of 2022[29] - The income from property management services decreased to RMB 32,786,000 for the six months ended December 31, 2023, compared to RMB 39,075,000 in the same period of 2022, a decline of approximately 16.5%[34] - The property development, leasing, and management services segment recorded a profit of approximately RMB 1,896,000, down from RMB 4,700,000 in the previous year[53] Cash Flow and Income - Cash and cash equivalents decreased to RMB 62,306 thousand as of December 31, 2023, down from RMB 63,469 thousand at the beginning of the period[15] - The company received interest income of RMB 333 thousand during the period, an increase from RMB 80 thousand in the previous year[15] - The company’s total income from other sources, including bank interest and rental income, increased to RMB 1,643,000 for the six months ended December 31, 2023, compared to RMB 1,354,000 in the same period of 2022, representing an increase of approximately 21.4%[34] Corporate Governance and Structure - The company has adopted the Corporate Governance Code but has deviated from the provision that the roles of Chairman and CEO should be separate, citing operational efficiency reasons[82] - The interim report for the period ending December 31, 2023, has not been audited but reviewed by the audit committee[87] - The company has established an audit committee responsible for reviewing annual and interim reports, financial reporting, risk management, and internal controls[87] Future Plans and Opportunities - The company plans to seek potential acquisition projects to expand its management services business in the Greater Bay Area of China[58] - The company is actively seeking potential investment opportunities as part of its diversification strategy, but has no major investment plans or expected funding sources disclosed as of December 31, 2023[69] Shareholder Information - The company’s major shareholder, Chaolian Group Limited, holds 671,976,153 shares, representing 23.22% of the issued shares[78] - The company’s executive director, Mr. Du Yun, holds 671,976,153 shares through a controlled corporation, also representing 23.22% of the issued shares[75] Miscellaneous - The company has not reported any new product launches or technological developments during this period[24] - The company has not engaged in any acquisitions or significant market expansions during the reported period[24] - The company has not engaged in any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the period[62] - The company has no defined benefit plans as of December 31, 2023[66] - As of December 31, 2023, the company had no capital commitments[71] - As of December 31, 2023, the company had no pledged assets for general bank financing[67] - As of December 31, 2023, the company had no contingent liabilities related to bank financing for development properties[72] - No significant events affecting the group have occurred since the end of the reporting period[88] - The company employed a total of 496 staff as of December 31, 2023, with employment costs amounting to approximately RMB 3,694,000 during the period[63] - The company did not declare any interim dividends for the six months ended December 31, 2023, consistent with the previous year[42] - The company faces foreign currency risk due to certain financial assets and liabilities being denominated in foreign currencies, primarily Hong Kong dollars, and does not use any hedging arrangements to mitigate this risk[70]
京维集团(01195) - 2024 - 中期财报