中科生物中期报告2023

Stock Code: 1237()(Incorporated in the Cayman Islands with limited liability) 2023中期報告INTERIM REPORT Contents Corporate Information2Management Discussion and Analysis5Other Information14Consolidated Statement of Profit or Loss– Unaudited24Consolidated Statement of Profit or Loss andOther Comprehensive Income – Unaudited25Consolidated Statement of Financial Position– Unaudited26Consolidated Statement of Changes in Equity– Unaudited28Consolidated Cash Flow Statement – Unaudited30Notes to the Unaudited Interim Financial Report32 Corporate Information BOARD OF DIRECTORS Executive DirectorsMs. Xie Qingmei(Chairman)Mr. Wu Zheyan(Chief Executive Officer) Independent Non-executive DirectorsMr. Tse Kwok Hing HenryProf. Jin ZhongweiProf. Su Wenqiang AUDIT COMMITTEE Mr. Tse Kwok Hing Henry(Chairman)Prof. Su WenqiangProf. Jin Zhongwei RISK MANAGEMENT COMMITTEE Mr. Tse Kwok Hing Henry(Chairman)Prof. Su WenqiangProf. Jin Zhongwei REMUNERATION COMMITTEE Prof. Jin Zhongwei(Chairman)Prof. Su WenqiangMr. Tse Kwok Hing Henry NOMINATION COMMITTEE Prof. Jin Zhongwei(Chairman)Prof. Su WenqiangMr. Tse Kwok Hing Henry FCPA COMPANY SECRETARYMr. Wong Wai Lun,FCPA Corporate Information(Continued) FCPA AUTHORISED REPRESENTATIVES Mr. Wu ZheyanMr. Wong Wai Lun,FCPA AUDITORSCWK CPA LimitedCertified Public Accountants LEGAL ADVISORWinston & Strawn PRINCIPAL BANKERS Agricultural Bank of China, Zhangping BranchChina Construction Bank, Zhangping BranchBank of China, Zhangping Branch REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands PRINCIPAL PLACE OF BUSINESS IN HONGKONG 212191909 Unit 1909, 19/F,212 Texaco Road, Tsuen Wan,New Territories,Hong Kong HEAD OFFICE IN THE PRC Fushan Industrial District,Zhangping, Fujian, the PRC Corporate Information(Continued) PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE IN CAYMAN ISLANDS Codan Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Codan Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE Computershare Hong Kong InvestorServices LimitedShops 1712–1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong 183171712–1716 www.merrygardenholdings.com WEBSITEwww.merrygardenholdings.com 1237 STOCK CODE1237 Management Discussion and Analysis RESULTS OF OPERATION 40.4%179.4300.912.1%9.5%)21.728.5 The Group’s revenue decreased significantly by 40.4%to RMB179.4 million during the Period (six monthsended 30 June 2023), compared to the revenue ofRMB300.9 million from the corresponding period of theprevious year (“20221H”). Followed a year of globalconstruction material shortage rising from blooming realestate market around the world, demand for woodenproducts has shown significant cooling down. Duringthe Period, the Group registered a gross profit marginof 12.1% (20221H: 9.5%). The Group record a grossprofit of RMB21.7 million during the Period (20221H:RMB28.5 million) as the Group has focused on highermargin products. BUSINESS REVIEW Segment review During the Period, the performance of our businesssegments are as follows: Management Discussion and Analysis(Continued) 177.91.5298.02.899.1%0.9%99.1%0.9% TheGroup’s core business segments comprisemanufacturingand sales of wooden products andmanufacturing and sales of renewable energy products.Duringthe Period,revenue from the two businesssegmentsamounted to approximately RMB177.9million and RMB1.5 million (20221H: approximatelyRMB298.0 million and RMB2.8 million), accounting for99.1% and 0.9% of the total revenue (20221H: 99.1%and 0.9%) respectively. 40.3%177.9298.0472,000396,000 Manufacturingand sales of wooden products istheprincipal segment of the Group.Followed ayear of global construction material shortage risingfrom blooming real estate market around the world,demand for wooden products has shown significantcoolingdown.As a result,the Group’s revenuefrommanufacturing and sales of wooden productstodecrease 40.3%to RMB177.9 million(20221H:RMB298.0 million). Such reportable segment recordeda profit of RMB472,000 (20221H: a reportable segmentloss of RMB396,000). 1.50.52.80.5 The Group’s renewable energy business focuses onthe recycling of leftover sawdust from the productionof our wooden products into biomass pellet fuel. TheGroup’s renewable energy business recorded a revenueof RMB1.5 million during the Period, with a profit ofapproximately RMB0.5 million (20221H: revenue ofRMB2.8 million and profit of RMB0.5 million). Management Discussion and Analysis(Continued) MARKET REVIEW During the Period, the distribution of revenue from ourglobal markets are as follows: The PRCNorth AmericaEuropeAsia Pacific (Exclusive of the PRC)Australasia 123.4220.7 TheAustralasia markets continued to be the keydriver of the Group