Document And Entity Information
Document And Entity Information | 6 Months Ended |
Jun. 30, 2023 | |
Document Information Line Items | |
Entity Registrant Name | Kuke Music Holding Ltd |
Document Type | 6-K |
Current Fiscal Year End Date | --12-31 |
Amendment Flag | false |
Entity Central Index Key | 0001809158 |
Document Period End Date | Jun. 30, 2023 |
Document Fiscal Year Focus | 2023 |
Document Fiscal Period Focus | Q2 |
Entity File Number | 001-39859 |
Unaudited Consolidated Statemen
Unaudited Consolidated Statements of Financial Position ¥ in Thousands, $ in Thousands | Jun. 30, 2023 CNY (¥) | Jun. 30, 2023 USD ($) | Dec. 31, 2022 CNY (¥) |
NON-CURRENT ASSETS | |||
Property, plant and equipment | ¥ 7,814 | $ 1,078 | ¥ 9,110 |
Intangible assets | 163,849 | 22,596 | 66,212 |
Right-of-use assets | 5,221 | 720 | 7,149 |
Goodwill | 764 | 105 | 764 |
Prepayments, other receivables and other assets | 5,255 | 725 | 110,236 |
Deferred tax assets | |||
Equity investment at fair value through profit or loss | |||
Total non-current assets | 182,903 | 25,224 | 193,471 |
CURRENT ASSETS | |||
Inventories | 3,959 | 546 | 778 |
Trade receivables | 31,797 | 4,385 | 9,279 |
Prepayments, other receivables and other assets | 38,148 | 5,261 | 35,311 |
Net investments in subleases | |||
Due from shareholders | 99 | ||
Cash and cash equivalents | 2,989 | 412 | 5,425 |
Total current assets | 79,347 | 10,942 | 53,269 |
Total assets | 262,250 | 36,166 | 246,740 |
EQUITY | |||
Issued capital | 194 | 27 | 194 |
Reserves | 69,669 | 9,608 | 58,266 |
Equity attributable to equity holders of the parent | 69,863 | 9,635 | 58,460 |
Non-controlling interests | 3,743 | 516 | 2,328 |
Total equity | 73,606 | 10,151 | 60,788 |
NON-CURRENT LIABILITIES | |||
Interest-bearing loans and borrowings | |||
Contract liabilities | 272 | 38 | 415 |
Deferred tax liabilities | |||
Lease liabilities | 3,491 | 481 | 4,650 |
Total non-current liabilities | 3,763 | 519 | 5,065 |
CURRENT LIABILITIES | |||
Trade payables | 36,356 | 5,014 | 35,012 |
Other payables and accruals | 84,685 | 11,677 | 50,651 |
Contract liabilities | 12,259 | 1,691 | 20,688 |
Due to a shareholder | 325 | 45 | 325 |
Interest-bearing loans and borrowings | 48,614 | 6,704 | 69,045 |
Leased liabilities | 1,579 | 218 | 4,123 |
Income tax payable | 1,063 | 147 | 1,043 |
Total current liabilities | 184,881 | 25,496 | 180,887 |
Total liabilities | 188,644 | 26,015 | 185,952 |
Total equity and liabilities | 262,250 | 36,166 | 246,740 |
Related Party | |||
CURRENT ASSETS | |||
Due from related parties | ¥ 2,454 | $ 338 | ¥ 2,377 |
Unaudited Consolidated Statem_2
Unaudited Consolidated Statements of Profit or Loss And Unaudited Other Comprehensive Income ¥ in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2023 CNY (¥) ¥ / shares | Jun. 30, 2023 USD ($) $ / shares | Jun. 30, 2022 CNY (¥) ¥ / shares | Jun. 30, 2023 CNY (¥) ¥ / shares | Jun. 30, 2023 USD ($) $ / shares | Jun. 30, 2022 CNY (¥) ¥ / shares | |
Revenue | ¥ 52,204 | $ 7,199 | ¥ 54,441 | ¥ 62,131 | $ 8,568 | ¥ 80,514 |
Cost of goods sold | (10,371) | (1,430) | (25,540) | (20,103) | (2,772) | (51,418) |
Gross profit | 41,833 | 5,769 | 28,901 | 42,028 | 5,796 | 29,096 |
Other income, net | 1,196 | 165 | 3,315 | 2,923 | 403 | 6,537 |
Selling and distribution expenses | (7,601) | (1,048) | (5,988) | (13,909) | (1,918) | (14,325) |
Administrative expenses | (10,310) | (1,422) | (19,346) | (17,510) | (2,415) | (44,029) |
Impairment losses on financial assets, net | (1,391) | (192) | (2,203) | (1,806) | (249) | (8,836) |
Other operating expenses | (32) | (4) | (300) | (100) | (14) | (679) |
Operating (loss)/profit | 23,695 | (3,268) | (4,379) | 11,626 | 1,603 | (32,236) |
Share of losses of a joint venture | ||||||
Finance costs | (1,345) | (185) | (1,216) | (2,666) | (368) | (2,295) |
Finance income | 4 | 1 | 8 | 6 | 1 | 20 |
(Loss)/profit before tax | 22,354 | 3,084 | 3,171 | 8,966 | 1,236 | 34,511 |
Income tax expense | (195) | (2,899) | ||||
(Loss)/profit for the period/year and total comprehensive (loss)/income for the period/year | 22,354 | 3,084 | 3,366 | 8,966 | 1,236 | (31,612) |
Attributable to: | ||||||
Equity holders of the parent | 20,307 | 2,800 | 3,757 | 7,551 | 1,041 | (31,021) |
Non-controlling interests | ¥ 2,046 | $ 282 | ¥ (391) | ¥ (1,415) | $ (195) | ¥ 591 |
Class A and Class B Ordinary Shares | ||||||
(Loss)Earnings per share for class A and class B ordinary shares attributable to ordinary equity holders of the parent | ||||||
Basic (in Dollars per share and Yuan Renminbi per share) | (per share) | ¥ 0.69 | $ 0.09 | ¥ 0.13 | ¥ 0.25 | $ 0.04 | ¥ (1.05) |
Diluted (in Dollars per share and Yuan Renminbi per share) | (per share) | ¥ 0.69 | $ 0.09 | ¥ 0.13 | ¥ 0.25 | $ 0.04 | ¥ (1.05) |
Subscription and Licensing | ||||||
Revenue | ¥ 36,199 | $ 4,992 | ¥ 33,943 | ¥ 41,280 | $ 5,693 | ¥ 38,394 |
Licensing | ||||||
Revenue | 32,141 | 4,432 | 29,070 | 33,473 | 4,616 | 30,111 |
Subscription | ||||||
Revenue | 4,058 | 560 | 4,873 | 7,807 | 1,077 | 8,283 |
Smart Music Learning Solutions | ||||||
Revenue | 16,005 | 2,207 | 8,471 | 17,504 | 2,413 | 15,903 |
Smart Music Learning Solutions Sales | ||||||
Revenue | 15,904 | 2,193 | 4,115 | 17,241 | 2,377 | 5,256 |
Smart Music Learning Solutions Subscription | ||||||
Revenue | 101 | 14 | 4,356 | 263 | 36 | 10,647 |
Live Music Events | ||||||
Revenue | 11,921 | 3,347 | 462 | 25,709 | ||
One-Time Disposal of Obsolete Inventory | ||||||
Revenue | ¥ 106 | ¥ 508 |