Revenue and Profitability - For the three months ended June 30, 2022, the revenue was RMB 7,373,000, compared to RMB 768,000 in the same period of 2021, representing a significant increase[13] - Total revenue for the six months ended June 30, 2022, was RMB 8,151,000, representing a slight increase from RMB 7,998,000 in the same period of 2021[109] - Program production and related income for the three months ended June 30, 2022, was RMB 6,936,000, compared to RMB 7,091,000 in 2021, indicating a decrease of approximately 2.2%[96] - Mobile application development and operation income for the six months ended June 30, 2022, was RMB 343,000, a significant decrease from RMB 4,510,000 in the same period of 2021[96] - Artist management and related income for the three months ended June 30, 2022, was RMB 94,000, down from RMB 688,000 in 2021, reflecting a decline of approximately 86.4%[96] Expenses and Losses - The gross profit for the six months ended June 30, 2022, was RMB 1,565,000, down from RMB 7,588,000 in the same period of 2021, indicating a decline[13] - The loss for the period for the three months ended June 30, 2022, was RMB 3,489,000, compared to a loss of RMB 4,030,000 in the same period of 2021, showing an improvement[13] - The company reported a loss before income tax of RMB 2,929,000 for the three months ended June 30, 2022, compared to a loss of RMB 4,091,000 in the same period of 2021[13] - Total comprehensive expense for the period was RMB (3,655,000) compared to RMB (4,001,000) in the previous period, indicating a decrease of 8.6%[25] - Loss attributable to owners of the Company for the period was RMB (3,433,000), down from RMB (4,003,000), representing a reduction of 14.2%[28] Assets and Liabilities - Total assets increased to RMB 256,949,000 from RMB 244,485,000, marking a growth of 5.2%[41] - Total liabilities rose to RMB 159,859,000 from RMB 148,977,000, an increase of 7.5%[47] - Net assets improved to RMB 97,090,000 from RMB 95,508,000, showing a growth of 1.7%[48] - Total current assets reached RMB 247,843,000, up from RMB 236,297,000, indicating an increase of 4.6%[41] - Non-current assets totaled RMB 9,106,000, compared to RMB 8,188,000, reflecting an increase of 11.2%[41] Cash Flow - Net cash used in operating activities for the six months ended June 30, 2022, was RMB (12,173,000), an improvement from RMB (13,739,000) in 2021, indicating a reduction of approximately 11.4%[57] - Net cash generated from investing activities was RMB 434,000, down from RMB 5,006,000 in 2021, reflecting a decrease of approximately 91.3%[57] - Net cash generated from financing activities was RMB 7,568,000, compared to a net cash used of RMB (250,000) in 2021, showing a significant turnaround[57] - The cash and cash equivalents at the end of the period were RMB 2,651,000, slightly up from RMB 2,339,000 in 2021, representing an increase of approximately 13.3%[57] - The effect of foreign exchange rate changes contributed RMB 696,000 to cash flow, contrasting with a loss of RMB (57,000) in the previous year[57] Share Capital and Equity - As of June 30, 2022, the issued and fully paid share capital was RMB 18,650,000, reflecting an increase from RMB 16,566,000 as of December 31, 2021[194] - The weighted average number of ordinary shares for the calculation of basic loss per share was adjusted to 372,987,000 for the three months ended June 30, 2022, compared to 267,854,000 for the same period in 2021[149] - Equity attributable to owners of the Company was RMB 95,604,000, slightly down from RMB 95,663,000, a decrease of 0.1%[50] Compliance and Reporting - The unaudited condensed consolidated financial statements have been prepared in accordance with Hong Kong Accounting Standard 34, ensuring compliance with applicable disclosure requirements[66] - The company has not reported any material impact from the application of amendments to Hong Kong Financial Reporting Standards in the current interim period[81] Business Segments - The company’s principal activities include investment holding and subsidiaries engaged in film and television program production, concert organization, mobile application development, and artist management[61] - The mobile application development segment provides electronic platforms for entertainment content consumption and e-commerce, indicating a focus on digital services[91] - The concert and event organization segment includes services for music concerts and other performance events, highlighting the company’s diverse service offerings[87] Customer Revenue - Revenue from major customers included Customer I with RMB 4,717,000 and Customer II with RMB 2,219,000, both from program production[124] - Total revenue from the two major customers accounted for over 10% of the Group's revenue for the period, while three customers did so in the previous year[123]
中国创意控股(08368) - 2022 - 中期财报