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新石文化(01740) - 2024 - 中期财报
01740VALUES CULTURAL(01740)2024-09-26 08:07

Financial Performance - Revenue decreased by approximately 67.7% from about RMB 16.7 million for the six months ended June 30, 2023, to about RMB 5.4 million for the six months ended June 30, 2024[5]. - The net loss for the six months ended June 30, 2024, was approximately RMB 15.0 million, compared to a net loss of approximately RMB 13.1 million for the same period in 2023[5]. - The group recorded a gross loss of approximately RMB 1.6 million for the six months ended June 30, 2024, compared to a gross loss of approximately RMB 4.9 million for the same period in 2023[12]. - Basic and diluted loss per share for the period was RMB 1.45, compared to RMB 1.26 for the same period in 2023[52]. - The company reported a pre-tax loss of RMB (15,034) thousand for the six months ended June 30, 2024, compared to a loss of RMB (12,876) thousand in the same period of 2023[62]. - The net cash flow used in operating activities was RMB (11,757) thousand, compared to RMB (8,500) thousand for the same period in 2023, indicating a worsening cash flow situation[64]. Revenue Sources - The company's customer contract revenue from the licensing of television drama broadcasting rights was RMB 2,909 thousand, down from RMB 16,720 thousand in the previous year, reflecting a decline of 82.6%[71]. - All revenues for the period were generated from customers located in mainland China, highlighting the company's focus on this market[72]. Expenses and Losses - Financial assets impairment loss for the reporting period was approximately RMB 5.1 million, compared to RMB 0.2 million in the same period last year, primarily due to aging trade receivables[16]. - The company incurred a financial asset impairment loss of RMB (5,096,000) during the period, compared to RMB (175,000) in the previous year[52]. - The group reported a pre-tax loss of approximately RMB 15,034,000 for the six months ended June 30, 2024, compared to a loss of RMB 13,065,000 for the same period in 2023, indicating an increase in losses of about 15.1%[76]. Cash and Assets - As of June 30, 2024, total cash and cash equivalents amounted to approximately RMB 27.9 million, down from RMB 42.7 million as of December 31, 2023, while net current assets totaled approximately RMB 157.6 million[20]. - Current assets decreased to RMB 176,345,000 from RMB 198,396,000, indicating a decline of 11.1%[56]. - Trade receivables as of June 30, 2024, amounted to RMB 171,130,000, down from RMB 179,505,000 as of December 31, 2023, reflecting a decrease of approximately 4.8%[77]. Corporate Governance - The company maintains a high level of corporate governance to protect shareholder interests and enhance corporate value[31]. - The company’s board of directors confirmed compliance with the securities trading standards throughout the reporting period[33]. - The company has adopted the corporate governance code as the basis for its governance practices since its listing date[31]. - The company’s governance practices will continue to be reviewed and enhanced to ensure compliance with the corporate governance code[31]. Shareholder Information - As of the report date, the company’s major shareholders include BLW Investment Limited and its affiliates, holding 239,002,500 shares, representing 23.04% of the total shares[37]. - The company’s major shareholder, SDJZ Investment Limited, holds 100,622,500 shares, accounting for 9.69% of the total shares[42]. - The issued shares of BLW Investment Limited are owned by core shareholders, with Bai Yang holding approximately 43.44%[43]. Business Operations - The group is expanding its production business for web dramas and online movies due to their increasing popularity[7]. - The group has been actively negotiating with TV stations for the broadcast schedule of a self-produced TV drama, which was completed in April 2024 and is currently in post-production[9]. - The group is exploring business opportunities in web dramas and TV dramas while adhering to prudent financial management principles[10]. Other Information - The company did not declare or propose any interim dividends during the reporting period[28]. - There were no significant events occurring after the reporting period up to the date of this report[29]. - The company has confirmed that there are no undisclosed interests in shares or related securities as of the report date[45].