Trading Suspension and Investigation - The company has suspended trading of its shares since March 30, 2023, due to concerns raised by the previous auditor regarding various audit matters[8]. - A special investigation committee was established on April 19, 2023, to conduct an independent investigation into the audit matters[8]. - The company is taking appropriate measures to address the issues that led to the suspension of trading and aims to restore trading as soon as possible[9]. - The company is committed to fulfilling the resumption guidance provided by the stock exchange, including conducting appropriate investigations and publishing all outstanding financial results[8]. - The company will issue further announcements to keep shareholders and potential investors informed of the situation[9]. Financial Performance - The company's revenue for the reporting period was approximately RMB 47.5 million, an increase of about RMB 27.0 million compared to RMB 20.5 million in the same period last year[14]. - The gross profit recorded was approximately RMB 18.9 million, an increase of RMB 9.1 million compared to RMB 9.8 million in the same period last year, with a gross margin of approximately 39.9% compared to 47.8% in the same period last year[16]. - The group recorded a loss of approximately RMB 8.8 million for the reporting period, a decrease of approximately RMB 10.8 million compared to a loss of RMB 19.6 million in the same period of 2023[22]. - The basic and diluted loss per share for the reporting period was approximately RMB 1.29, compared to RMB 2.73 in the same period of 2023[23]. - The company reported a pre-tax loss of RMB 9,319,000 for the six months ended June 30, 2024, compared to a loss of RMB 19,874,000 in the same period in 2023, indicating an improvement of approximately 53%[73]. - The net loss for the period was RMB 8,810,000, compared to RMB 19,617,000 in 2023, reflecting a significant decrease in losses[58]. Revenue Breakdown - Revenue from extracurricular courses was RMB 16,615,000, up from RMB 13,095,000 in 2023, reflecting a growth of 26.5%[90]. - Revenue from overseas education consulting services surged to RMB 22,457,000 from RMB 1,528,000, marking an increase of 1,370.5%[90]. - The training and consulting segment generated revenue of RMB 7,931,000, compared to RMB 4,013,000 in the previous year, indicating a growth of 97.5%[90]. Expenses and Costs - Sales and marketing expenses for the reporting period were approximately RMB 6.0 million, an increase of approximately RMB 1.4 million from RMB 4.6 million in the same period of 2023[19]. - Administrative expenses for the reporting period were approximately RMB 25.4 million, an increase of approximately RMB 3.4 million from RMB 22.0 million in the same period of 2023[20]. - The total employee-related costs during the reporting period were approximately RMB 28.8 million, compared to RMB 14.7 million for the same period last year[37]. Assets and Liabilities - As of June 30, 2024, the group's current assets net amounted to approximately RMB 18.0 million, an increase of approximately 4.0% from RMB 17.3 million as of December 31, 2023[23]. - The group's bank balances and cash as of June 30, 2024, were approximately RMB 106.4 million, a decrease of approximately 2.4% from RMB 109.0 million as of December 31, 2023[24]. - Total liabilities increased to RMB 142,481 thousand from RMB 112,244 thousand, reflecting an increase of approximately 27%[59]. - The company's total equity decreased to RMB 129,611 thousand from RMB 138,494 thousand, a decline of approximately 6.4%[62]. Employee and Share Options - The company has a total of 443 employees as of June 30, 2024, an increase from 360 employees as of December 31, 2023[37]. - The company has adopted a share option plan and a share incentive plan to recognize and reward employee contributions[37]. - The number of share options granted under the share option plan is 80,000,000 shares, and 50,600,000 shares under the share incentive plan[39]. Acquisitions and Investments - The company acquired 60% of Hangzhou Aorong Technology Co., Ltd. for a total consideration of RMB 1 in May 2024, aiming to expand its consulting services[124]. - The company also acquired 51% of Beijing Wuzhu Jiao Cultural Development Co., Ltd. for RMB 2,000,000 in January 2023, furthering its business expansion strategy[126]. - The acquisition of 51% stake in Beijing Dance Master Cultural Development Co., Ltd. was completed, enhancing the company's business expansion plans in China, particularly in extracurricular personal development courses[128]. Legal and Compliance - The company has not been involved in any significant legal proceedings or arbitration during the reporting period[54]. - The audit committee has been established to oversee financial reporting and risk management processes[52]. - The company appointed Zhonghui Anda as the new auditor effective May 25, 2023, following the resignation of Deloitte[53].
大山教育(09986) - 2024 - 中期业绩