Financial Performance - For the six months ended December 31, 2023, the company reported a revenue of RMB 38,752,000, compared to RMB 34,890,000 for the same period in 2022, representing an increase of approximately 5.4%[20] - The gross profit for the period was RMB 3,862,000, up from RMB 1,126,000 in the previous year, indicating a significant improvement in profitability[20] - Operating loss for the period was RMB 12,750,000, compared to a loss of RMB 10,854,000 in the prior year, reflecting a deterioration in operational efficiency[20] - The company reported a pre-tax loss of RMB 21,278,000, which is an increase from RMB 16,079,000 in the same period last year, highlighting ongoing financial challenges[20] - Total comprehensive income attributable to owners of the company was RMB 3,092,000, a recovery from a loss of RMB 17,909,000 in the previous year[20] - The basic and diluted loss per share for the period was RMB (0.77), compared to RMB (0.83) in the previous year, showing a slight improvement in loss per share[20] - The group recorded a net loss of approximately RMB 21,278,000 for the reporting period, compared to a net loss of RMB 16,079,000 in the previous year[67] - The group recorded a pre-tax loss of RMB 21,278,000 for the six months ending December 31, 2023, compared to a pre-tax loss of RMB 16,079,000 in the same period of the previous year[126][127] Revenue and Sales - Revenue for the period reached RMB 38,752,000, an increase of 165% compared to the previous year[30] - Sales of frozen concentrated orange juice and related products increased from approximately RMB 1,852,000 to about RMB 30,425,000 during the reporting period[44] - For the six months ending December 31, 2023, the group reported total revenue of RMB 38,752,000, with revenue from the manufacturing and sale of frozen concentrated orange juice at RMB 30,425,000 and fresh orange juice at RMB 8,327,000[126] - For the six months ending December 31, 2023, the company reported a revenue of approximately RMB 8,327,000, a decrease of 34.7% from RMB 12,756,000 in the same period last year[168] Assets and Liabilities - The company’s cash and cash equivalents increased to RMB 12,186,000 from RMB 5,030,000, indicating improved liquidity[22] - Current liabilities decreased to RMB 309,207,000 from RMB 372,317,000, suggesting better management of short-term obligations[22] - The company’s total assets less current liabilities showed a decrease to RMB (155,285,000) from RMB (250,710,000), indicating a worsening financial position[22] - The group’s current assets as of December 31, 2023, were approximately RMB 58,614,000, up from RMB 24,121,000 as of June 30, 2023[47] - The company's total liabilities as of December 31, 2023, were RMB 205,359,000, compared to RMB 206,588,000 as of June 30, 2023[159] Cash Flow - As of December 31, 2023, the company reported a net cash outflow from operating activities of RMB 16,035 thousand, compared to a net inflow of RMB 11,785 thousand in the previous period[99] - The net cash used in investing activities was RMB 50,072 thousand, significantly higher than RMB 3,642 thousand in the prior period[99] - The net cash inflow from financing activities was RMB 73,258 thousand, contrasting with a net outflow of RMB 4,779 thousand in the previous period[99] - The company recorded a total cash and cash equivalents increase of RMB 7,151 thousand, compared to an increase of RMB 3,364 thousand in the prior period[99] - The total cash and cash equivalents at the end of the period amounted to RMB 12,186 thousand, up from RMB 8,750 thousand at the end of the previous period[99] Operational Efficiency - Distribution costs decreased from approximately RMB 2,009,000 in the same period last year to about RMB 746,000, a reduction of approximately 62.9%[46] - The group’s financing costs increased to RMB 8,528,000 for the six months ending December 31, 2023, compared to RMB 5,225,000 in the previous year[130] Future Plans and Challenges - The company plans to utilize the net proceeds of approximately HKD 74,710,000 from a share subscription for debt repayment and general working capital[34] - The company is focusing on developing new products to support revenue growth, leveraging its strengths in the beverage industry[43] - The overall business environment remains challenging due to uncertain global economic prospects[43] Shareholder Information - The company has adopted a share award plan but did not grant any shares during the reporting period[35] - The group did not declare any interim dividends for the six months ended December 31, 2023[68] - The company did not recommend the payment of an interim dividend for the six months ending December 31, 2023, consistent with the previous year[117] - The company has consolidated its share capital, with every ten shares merged into one share effective from February 26, 2024[89] Compliance and Standards - The company has adopted new and revised International Financial Reporting Standards effective from July 1, 2023, but this did not result in significant changes to accounting policies or reported amounts[84] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period[98]
森美控股(00756) - 2024 - 中期财报