Financial Performance - The company recorded revenue of approximately RMB 151.4 million for the six months ended June 30, 2023, representing a growth of 21.1% compared to RMB 125.0 million in the same period of 2022[2] - Gross profit for the same period was approximately RMB 92.7 million, an increase of about 24.8% from RMB 74.3 million in the prior year[2] - Adjusted net profit (excluding listing expenses and share-based compensation) was approximately RMB 25.0 million, up 16.8% from RMB 21.4 million in the same period of 2022[2] - Operating profit was recorded at RMB 22.7 million, slightly up from RMB 22.0 million in the previous year[4] - The total comprehensive income for the period was RMB 17.1 million, compared to RMB 17.3 million in the same period of 2022[4] - The company reported a net profit attributable to equity holders of RMB 13,027 thousand for the six months ended June 30, 2023, compared to RMB 14,512 thousand for the same period in 2022[25] - The net profit for the first half of 2023 was RMB 16.4 million, with a net profit margin of 10.9%, slightly down from 13.1% in the first half of 2022[50] Revenue Breakdown - For the six months ended June 30, 2023, the total segment revenue was RMB 151,388 thousand, with RMB 88,692 thousand from new retail and RMB 62,696 thousand from IP creation and operation[18] - Revenue from mainland China reached RMB 151,009 thousand, up from RMB 125,018 thousand, indicating a strong growth in the domestic market[21] - Revenue from health management and skincare products was RMB 87,483 thousand, slightly down from RMB 88,533 thousand in the previous year[22] - IP project and event planning and management revenue increased to RMB 19,376 thousand from RMB 8,937 thousand, showing significant growth in this segment[22] - The income from the IP creation and operation segment rose from RMB 33.0 million in the first half of 2022 to RMB 62.7 million in the first half of 2023[39] - The new retail business generated revenue of RMB 88.7 million in the first half of 2023, compared to RMB 92.0 million in the same period of 2022[44] - Sales from the flagship product, Mo Dong Coffee, accounted for RMB 52.8 million in the first half of 2023, representing 59.5% of the new retail business revenue[44] - The new product line "Ai Chi Xian Mo Ren" generated sales of RMB 15.1 million in the first half of 2023, contributing 17.0% to the new retail business revenue[44] - The skincare product sales under the Mo Ji Bo Shi sub-brand reached RMB 3.3 million in the first half of 2023[44] Expenses and Costs - The cost of revenue for the first half of 2023 was RMB 58.7 million, up about 15.8% from RMB 50.7 million in the same period of 2022, primarily due to an increase in the cost of goods sold from RMB 30.4 million to RMB 40.3 million[46] - Sales and marketing expenses rose by approximately 36.4% to RMB 32.6 million in the first half of 2023, driven by increased costs related to live streaming and marketing activities[48] - General and administrative expenses increased to RMB 41.4 million in the first half of 2023 from RMB 27.8 million in the same period of 2022, including employee benefits of RMB 18.4 million and listing-related expenses of RMB 7.9 million[49] Assets and Liabilities - The company’s cash and cash equivalents decreased to RMB 100.4 million from RMB 182.6 million as of December 31, 2022[6] - Total assets amounted to RMB 552.1 million, a slight decrease from RMB 554.9 million at the end of 2022[8] - Total liabilities increased to RMB 353.6 million from RMB 320.8 million at the end of 2022[8] - The company’s equity attributable to owners decreased to RMB 194.8 million from RMB 233.5 million at the end of 2022[7] - Trade and other receivables increased to RMB 87,596 thousand as of June 30, 2023, from RMB 62,066 thousand as of December 31, 2022[28] - Trade and other payables amounted to RMB 54,248,000 as of June 30, 2023, a decrease from RMB 69,010,000 as of December 31, 2022, representing a reduction of approximately 21.3%[32] - Total borrowings decreased from RMB 15,000,000 as of December 31, 2022, to RMB 12,500,000 as of June 30, 2023, reflecting a reduction of 16.7%[36] Corporate Actions and Future Plans - The company plans to continue expanding its new retail business and IP creation and operation in China[9] - The group is collaborating with China Mobile to enter the metaverse ecosystem, launching a digital persona of Jay Chou[40] - The group plans to enhance its core products and media content, focusing on the creation of new IP programs set to air in the second half of 2023[41] - The group aims to expand its brand and business outside of mainland China, sponsoring events like Alan Walker's concert in Norway[41] - The company plans to allocate HKD 60.2 million for diversifying its product portfolio by the end of 2025[58] - HKD 21.8 million is earmarked for R&D in food and beverages, with a similar amount for skincare products[58] - The company intends to enhance brand exposure and product sales through multi-channel networks, allocating HKD 77.4 million for this purpose by the end of 2025[58] Shareholder Information - The company declared a special dividend of HKD 60,000,000 on June 13, 2023, with no interim dividend declared for the six months ending June 30, 2023[31] - The company has not declared an interim dividend for the six months ended June 30, 2023[59] - The audit committee reviewed the unaudited condensed consolidated results for the six months ended June 30, 2023, with no objections raised[63] - The mid-term report for the six months ended June 30, 2023, will be sent to shareholders and published on the company's website[64] Accounting Standards - The company has adopted new accounting standards effective from January 1, 2023, including HKFRS 17 on insurance contracts[12] - The company has not yet adopted several new accounting standards that will become effective on January 1, 2024, including HKAS 1 regarding the classification of liabilities[15] - The financial results are prepared in accordance with Hong Kong Financial Reporting Standards and are presented in RMB[10] - The company’s functional currency is Hong Kong Dollar, but the financial data is presented in RMB[10] - The management's significant accounting estimates and judgments remain consistent with those reported for the year ended December 31, 2022[16] - The company’s board of directors is identified as the chief operating decision maker, evaluating performance based on the type of goods or services delivered[17]
巨星传奇(06683) - 2023 - 中期业绩