Revenue and Profitability - Revenue for the six months ended January 31, 2024, was RMB 36,684,000, an increase of 2.4% compared to RMB 35,830,000 for the same period in 2023[4] - Gross profit decreased to RMB 3,461,000, down 3.6% from RMB 3,591,000 year-on-year[4] - Other income increased significantly to RMB 4,298,000, up 80% from RMB 2,385,000 in the previous year[4] - Operating loss widened to RMB 17,162,000 compared to RMB 8,166,000 in the same period last year[4] - Loss attributable to owners of the company was RMB 6,179,000, an improvement from RMB 8,397,000 in the previous year[4] - The company reported a basic and diluted loss per share of RMB 0.27, an improvement from RMB 0.36 in the previous year[4] - The company recorded a loss of RMB 6,180,000, an improvement from a loss of RMB 8,400,000 in the same period last year[42] Segment Performance - The revenue breakdown shows that the plastic injection molding segment generated RMB 35,655,000, up from RMB 28,191,000, indicating a growth of 26.5%[20] - The assembly of electronic products segment saw a significant decline in revenue, dropping to RMB 895,000 from RMB 5,900,000, a decrease of 84.8%[20] - The reported segment profit for the plastic injection molding division was RMB 645,000, compared to a loss of RMB 261,000 in the previous year, showing a turnaround[20] - Revenue from the plastic injection molding segment increased by RMB 7,470,000 or 26.50% to RMB 35,660,000, driven by increased sales orders from an existing customer in China[43] - Revenue from the assembly of electronic products segment decreased by RMB 5,010,000 or 84.92% to RMB 890,000, primarily due to a decline in orders from a customer in Hong Kong[44] Assets and Liabilities - Total assets decreased to RMB 310,487,000 from RMB 331,707,000 as of July 31, 2023[6] - Total liabilities reduced to RMB 37,364,000 from RMB 52,405,000 as of July 31, 2023[8] - Total assets for the reporting segments decreased to RMB 92,050,000 from RMB 131,686,000, a decline of 30%[23] - Total liabilities for the reporting segments also decreased to RMB 4,391,000 from RMB 11,004,000, a reduction of 60%[23] - The company’s cash and cash equivalents as of January 31, 2024, were RMB 77,770,000, down from RMB 85,460,000 as of July 31, 2023[55] - The net current assets of the company were RMB 57,100,000 as of January 31, 2024, compared to RMB 69,200,000 as of July 31, 2023[55] Expenses - Operating expenses rose significantly from RMB 16,380,000 to RMB 25,470,000, an increase of RMB 9,090,000 or 55.5%[42] - General and administrative expenses increased by RMB 9,370,000 or 60.73% to RMB 24,800,000, mainly due to increased employee termination benefits[48] - Human resources expenses increased to RMB 18,040,000 from RMB 12,010,000 year-on-year, primarily due to increased employee termination benefits[64] Investments and Acquisitions - The company has agreed to acquire 18,361,658 shares, approximately 43.29% of VS Industry Vietnam Joint Stock Company, for HKD 69,000,000, which will result in indirect ownership of about 62.03% post-acquisition[59] Foreign Exchange and Financial Management - The net financial expenses for the period were RMB 272,000, down from RMB 464,000, reflecting improved financial management[23] - The company reported a net foreign exchange gain of RMB 400,000 during the period, compared to RMB 690,000 in the previous year[61] - The company continues to monitor foreign exchange risks and aims to maintain them at acceptable levels[63] Corporate Governance and Compliance - The company has complied with the corporate governance code, except for a deviation regarding the separation of roles between the chairman and the CEO[70] - The company has adopted a securities trading code for directors and senior management, ensuring compliance with relevant regulations[71] Dividends and Shareholder Returns - The company did not declare any interim dividends for the reporting period ending January 31, 2024[34] - The board has proposed no dividend payment for the six months ending January 31, 2024, consistent with the previous year[65] Other Information - The company has not adopted any new accounting standards that would have a significant impact on the financial statements[11] - The company has not engaged in any purchase, redemption, or sale of its listed securities during the period[66] - No significant events affecting the company have occurred after the reporting date, aside from the major acquisition disclosed[68]
威铖国际(01002) - 2024 - 中期业绩