Financial Performance - The group recorded revenue of RMB 26.82 million for the six months ended December 31, 2023, an increase of 16.8% compared to RMB 22.97 million for the same period in 2022[5] - Profit attributable to owners of the company for the six months ended December 31, 2023, was RMB 3.14 million, representing a 99.4% increase from RMB 1.57 million in the same period of 2022[5] - Basic earnings per share for the six months ended December 31, 2023, was RMB 0.02, doubling from RMB 0.01 in the same period of 2022[5] - Operating profit for the six months ended December 31, 2023, was RMB 11.84 million, a 27.5% increase from RMB 9.29 million in the same period of 2022[6] - EBITDA for the six months ended December 31, 2023, was RMB 12.05 million, reflecting a 27.1% increase from RMB 9.48 million in the same period of 2022[6] - The group’s total comprehensive income for the six months ended December 31, 2023, was RMB 2.96 million, a decrease of 21.2% from RMB 3.76 million in the same period of 2022[8] - The company reported a profit of RMB 3,137 thousand for the six months ended December 31, 2023, up from RMB 1,573 thousand for the same period in 2022, representing a year-on-year increase of approximately 99.5%[14] - Total comprehensive income for the six months ended December 31, 2023, was RMB 2,963 thousand, compared to RMB 3,758 thousand for the same period in 2022, reflecting a decline of approximately 21.2%[14] - Net profit increased by 99.9% to RMB 3.19 million from RMB 1.59 million, driven by the factors mentioned above[66] Cash Flow and Assets - The company’s cash and cash equivalents decreased to RMB 2.10 million as of December 31, 2023, from RMB 63.75 million as of June 30, 2023[11] - Operating cash flow for the six months ended December 31, 2023, was RMB 7,220 thousand, a decrease from RMB 21,355 thousand in the previous year[16] - The company incurred a net cash outflow from investing activities of RMB 41,095 thousand for the six months ended December 31, 2023, compared to RMB 10,922 thousand in the same period of 2022[18] - As of December 31, 2023, the total non-current liabilities amounted to RMB 369,658 thousand, slightly increasing from RMB 369,285 thousand as of June 30, 2023[12] - The net asset value as of December 31, 2023, was RMB 1,236,409 thousand, compared to RMB 1,233,446 thousand on June 30, 2023, indicating a growth in equity[12] - The company’s total equity as of December 31, 2023, was RMB 1,236,409 thousand, which includes non-controlling interests of RMB 10,664 thousand[12] Revenue Sources - Revenue for educational facility leasing increased by 19.8% to RMB 12,658,000 for the three months ended December 31, 2023, compared to RMB 10,713,000 in the same period of 2022[28] - Revenue from China grew by 21.3% to RMB 12,164,000 for the three months ended December 31, 2023, compared to RMB 10,093,000 in the same period of 2022[30] - Major customer A contributed RMB 4,609,000 in revenue for the three months ended December 31, 2023, a 47.3% increase from RMB 3,140,000 in the same period of 2022[31] - The company’s total income from non-China sources (Malaysia and Indonesia) decreased by 11.5% to RMB 1,388,000 for the three months ended December 31, 2023[30] - The company’s total income from major customers decreased by 34.4% to RMB 8,640,000 for the three months ended December 31, 2023, compared to RMB 6,431,000 in the same period of 2022[31] Expenses and Costs - The group reported a significant reduction in employee costs by 8.6% to RMB 2.32 million for the six months ended December 31, 2023, compared to RMB 2.53 million in the same period of 2022[6] - Property tax and land use tax decreased by 5.1% to RMB 5.21 million from RMB 5.49 million, mainly due to the sale of four land parcels in the Oriental University City[57] - Property management fees decreased by 36.1% to RMB 1.33 million from RMB 2.08 million, resulting from a reduced service area after property sales[58] - Maintenance and repair costs increased by 107.6% to RMB 0.93 million from RMB 0.45 million, due to increased regular maintenance works[59] - Legal and consulting fees rose by 64.5% to RMB 2.22 million from RMB 1.35 million, primarily due to professional fees related to the acquisition of 4 Vallees[60] - Other income recorded a net loss of RMB 1.22 million, compared to a net income of RMB 1.84 million in the previous period, mainly due to foreign exchange losses[61] Shareholder Information - The company did not declare any dividends for the current period, consistent with the previous year[41] - The board has resolved not to declare any dividends for the current period, similar to the previous year[89] - As of December 31, 2023, the chairman holds 135 million shares, representing 75% of the issued shares[95] - The chairman also has interests in Raffles, holding approximately 36.39% of its shares[96] - As of December 31, 2023, the major shareholder, Raifus, holds 135,000,000 shares, representing 75% of the issued shares[100] - The total number of issued shares as of December 31, 2023, is 180,000,000[100] - No other corporation or individual holds 5% or more of the shares as of December 31, 2023[101] Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules during the reporting period[91] - There were no repurchases of shares on GEM during the reporting period[92] - All directors have confirmed compliance with the trading standards for securities transactions during the reporting period[94] - The audit committee, consisting of three independent non-executive directors, has reviewed the accounting principles and mid-term performance, confirming compliance with applicable accounting standards and GEM listing rules[103]
东方大学城控股(08067) - 2024 - 中期业绩