Financial Performance - The company recorded revenue of RMB 28.45 million for the six months ended December 31, 2024, an increase of 6.1% compared to RMB 26.82 million for the same period in 2023[9]. - The loss attributable to owners of the company for the six months ended December 31, 2024, was RMB 8.83 million, compared to a profit of RMB 3.14 million for the same period in 2023[9]. - Basic loss per share for the six months ended December 31, 2024, was RMB 0.05, while basic earnings per share for the same period in 2023 was RMB 0.02[9]. - Operating profit for the six months ended December 31, 2024, was RMB 12.73 million, reflecting a 7.5% increase from RMB 11.84 million in the same period of 2023[10]. - The company reported a significant increase in other income, with a net gain of RMB 1.42 million compared to a loss of RMB 1.22 million in the previous year[10]. - The total comprehensive loss for the period was RMB 5.81 million, compared to a total comprehensive income of RMB 2.96 million for the same period in 2023[12]. - The company’s EBITDA for the six months ended December 31, 2024, was RMB 12.94 million, up 7.4% from RMB 12.05 million in the previous year[10]. - The company reported a profit of RMB 3,137 thousand for the six months ended December 31, 2024, compared to a profit of RMB 3,187 thousand in the previous period[16]. - The total comprehensive income for the period was RMB (5,641) thousand, reflecting a significant decrease compared to the previous period[16]. - The company reported a profit before tax of RMB 4,949,000 for the six months ended December 31, 2024, compared to RMB 3,726,000 for the same period in 2023, reflecting an increase in profitability[34]. Revenue Streams - The company reported rental income from educational facilities of RMB 23,948,000 for the six months ended December 31, 2024, a decrease of 5.6% compared to RMB 25,360,000 for the same period in 2023[30]. - The company generated RMB 3,112,000 in fixed rental payments from hotel properties, which was not reported in the previous year, indicating a new revenue stream[30]. - The company’s revenue from external customers in the educational facility segment was RMB 25,336,000, while the hotel leasing segment contributed RMB 3,112,000[34]. - Revenue for the Chinese market decreased by 6.4% to RMB 22,464,000 from RMB 23,998,000[37]. - Revenue from non-China markets (Malaysia, Indonesia, and Switzerland) increased by 112.3% to RMB 5,984,000 from RMB 2,819,000[37]. - Total revenue for the company increased by 6.1% to RMB 28,448,000 from RMB 26,817,000[37]. Expenses and Costs - Employee costs increased by 43.6% to RMB 3.33 million for the six months ended December 31, 2024, compared to RMB 2.31 million in the previous year[10]. - The company’s total employee costs for the period were RMB (3,325,000), which is an increase from RMB (2,315,000) in the previous year, indicating higher personnel expenses[34]. - Financing costs for the period amounted to RMB (7,806,000), compared to RMB (8,129,000) in the previous year, showing a reduction in financing expenses[34]. - Other expenses amounted to RMB 40.8 million, a 209.0% increase from RMB 13.2 million, primarily due to increased entertainment and discretionary expenses to attract potential clients[77]. - Maintenance and repair costs surged by 58.3% to RMB 14.7 million from RMB 9.3 million, due to increased regular maintenance work at the Dongfang University Town campus[74]. Assets and Liabilities - Non-current assets totaled RMB 1,546,381 thousand as of December 31, 2024, down from RMB 1,597,179 thousand on June 30, 2024, representing a decrease of approximately 3.2%[13]. - Current assets decreased significantly to RMB 95,944 thousand from RMB 203,614 thousand, a decline of about 53.2%[14]. - Total liabilities decreased from RMB 210,510 thousand to RMB 135,676 thousand, a reduction of approximately 35.4%[14]. - Total assets as of December 31, 2024, were approximately RMB 1,642.33 million, down from RMB 1,800.79 million as of June 30, 2024[86]. - The debt-to-equity ratio as of December 31, 2024, was 22.41%, down from 25.34% as of June 30, 2024, calculated based on total borrowings of RMB 255.36 million against total equity of RMB 1,139.69 million[88]. Cash Flow - The net cash flow from operating activities was negative at RMB (2,771) thousand for the six months ended December 31, 2024, compared to RMB 7,220 thousand for the same period in 2023[20]. - The company’s investment activities generated a net cash inflow of RMB 4,914 thousand, contrasting with a net cash outflow of RMB (41,095) thousand in the prior year[20]. - Cash and cash equivalents decreased to RMB 12,316 thousand from RMB 69,664 thousand, a decline of approximately 82.4%[20]. Shareholder Information - The company has a total of 180,000,000 issued shares as of December 31, 2024[126]. - Mr. Zhou holds 135,000,000 shares, representing 75% of the company's equity[123]. - Raffles, the direct holding company, has a total of 525,812,764 shares, accounting for 37.89% of the equity[119]. - Mr. Zhou's direct interest in Raffles is 25.01%, with additional interests held by his spouse and jointly[120]. - The company has no other shareholders with 5% or more equity interests recorded as of December 31, 2024[122]. Compliance and Governance - The audit committee, consisting of three independent non-executive directors, has reviewed the accounting principles and mid-term performance[127]. - The report confirms compliance with applicable accounting standards and GEM listing rules[127]. - The company has not reported any changes in director information that require disclosure after the report date[125]. - The interim report was issued on January 24, 2025, by the chairman and executive director, Mr. Zhou[127].
东方大学城控股(08067) - 2025 - 中期财报