Financial Performance - Revenue for the six months ended June 30, 2024, was approximately RMB 4,321.4 million, an increase of 11.9% compared to RMB 3,863.5 million in the same period of 2023[2]. - Gross profit for the same period was RMB 457.6 million, representing a decrease of 5.1% year-on-year[2]. - Operating profit was RMB 228.2 million, down 7.9% compared to the previous year[2]. - Net profit attributable to equity shareholders was RMB 112.7 million, an increase of 21.8% from RMB 92.5 million in the same period last year[2]. - Basic earnings per share increased by 20.6% to RMB 0.082 from RMB 0.068 in the previous year[2]. - The net profit for the six months ended June 30, 2024, was RMB 169,057 thousand, slightly up from RMB 168,132 thousand in 2023, reflecting a marginal increase of 0.5%[37]. - The total tax expense for the six months ended June 30, 2024, was RMB 9,528 thousand, a significant decrease from RMB 28,455 thousand in 2023, representing a reduction of approximately 66.47%[50]. Market Trends - The global semiconductor sales reached USD 149.9 billion in Q2 2024, marking an 18.3% year-on-year growth and a 6.5% quarter-on-quarter increase[4]. - The global semiconductor market is projected to reach USD 611 billion in 2024, reflecting a 16.0% year-on-year growth[4]. - The demand for AI-related chips is expected to rise significantly due to the widespread adoption of generative AI technologies[4]. - The ongoing development of emerging technologies such as 5G, AI, and IoT is anticipated to drive steady growth in global chip demand[4]. - The global AI market spending is projected to reach $632 billion by 2028, with a compound annual growth rate (CAGR) of approximately 29.0%[7]. - By 2030, the market demand for AI in China is expected to reach RMB 5.6 trillion, with total investments in the AI sector exceeding RMB 10 trillion from 2024 to 2030[7]. Strategic Initiatives - The company aims to strengthen its revenue sources by focusing on the new energy smart battery cloud business, particularly in the two-wheeled vehicle battery cloud services market[9]. - The introduction of the iPaaS technology integration platform aims to serve the AIoT "chip-end-cloud" industry chain, targeting smart vehicles, digital infrastructure, industrial interconnectivity, energy control, and consumer electronics[9]. - The company plans to continuously upgrade its service platform to comprehensively cover the entire AI industry chain, seizing business opportunities in the domestic smart transformation market[8]. - The company aims to develop an open and collaborative ecosystem in the electronic manufacturing industry to drive long-term business growth[11]. - The company intends to collect and monetize large amounts of data from customers and suppliers to provide data-driven services, including marketing and sales planning[11]. - The company plans to explore strategic partnerships and acquisition opportunities to expand its user base and revenue foundation[13]. Research and Development - Research and development expenses decreased to approximately RMB 43.6 million, down about RMB 19.8 million or 31.2% from RMB 63.4 million in the same period of 2023, mainly due to reduced spending on IC chip distribution and AIoT product development[21]. - The company has successfully trained over 2,000 chip application engineers through its Hard Egg Academy, contributing to the development of high-quality talent in the industry[6]. - The integration of Keton Technology and Hard Egg Technology aims to create a closed-loop industry ecosystem for smart hardware, enhancing service offerings across the AI industry chain[8]. Corporate Governance - The company is committed to maintaining high standards of corporate governance and has complied with all applicable code provisions during the reporting period[60]. - The board believes that the current arrangement of having the same individual serve as both chairman and CEO enhances the effectiveness of the group's overall strategic planning[60]. - The company will continue to review and monitor its corporate governance practices to ensure compliance with the latest measures and standards[60]. - The company has established an Audit Committee consisting of three independent non-executive directors, with Mr. Hao Chunyi as the chairman[63]. Financial Position - As of June 30, 2024, current assets were approximately RMB 7,097.9 million, with a current ratio of 1.34, down about 11.3% from 1.51 as of December 31, 2023[25]. - The net debt-to-equity ratio increased to approximately 26.7% as of June 30, 2024, compared to 25.1% as of December 31, 2023, primarily due to an increase in bank loans[27]. - Total assets as of June 30, 2024, were RMB 7,097,932 thousand, a decrease from RMB 7,588,408 thousand as of December 31, 2023[39]. - The total trade and other payables as of June 30, 2024, were RMB 2,681,639,000, down 17.3% from RMB 3,244,183,000 as of December 31, 2023[56].

Financial Performance - The Group recorded revenue of approximately RMB 8,863.4 million for the reporting period, a decrease of approximately 7.0% compared to RMB 9,535.5 million in the same period of 2022[19]. - Net profit after tax decreased by approximately 29.3% compared to the corresponding period in 2022[19]. - Gross profit was approximately RMB 1,029.9 million, representing a decrease of approximately 7.5% year-on-year[19]. - Operating profit was approximately RMB 465.4 million, representing a decrease of approximately 13.0% year-on-year[19]. - The profit for the year decreased by 29.3% to RMB 319.9 million in 2023, down from RMB 452.4 million in 2022[28]. - The profit attributable to equity shareholders of Comtech fell by 33.0% to RMB 210.7 million in 2023, compared to RMB 314.4 million in the previous year[28]. - For the year ended December 31, 2023, the Group's revenue amounted to approximately RMB 8,863.4 million, representing a decrease of approximately RMB 672.1 million or approximately 7.0% compared to approximately RMB 9,535.5 million in 2022[102]. - Profit from operations decreased to approximately RMB 465.4 million, down approximately RMB 69.8 million from approximately RMB 535.2 million in 2022[103]. - The Group's profit for the year was approximately RMB 319.9 million, representing a decrease of approximately RMB 132.5 million compared to approximately RMB 452.4 million in 2022[103]. - Gross profit for the year ended December 31, 2023, was approximately RMB 1,029.9 million, a decrease of approximately 7.5% from approximately RMB 1,113.3 million in 2022[103]. Market Trends and Opportunities - The rapid development of AI technology has driven the digitalization of various industries, resulting in increased demand for AI chips[19]. - The overall market for chips is expected to show an upward trend, driven by the growth in chip demand[16]. - In 2023, the global semiconductor sales are projected to achieve a year-on-year growth of 20.2%, reaching $632.8 billion in 2024, as per IDC's revised outlook from "Trough" to "Sustainable Growth"[35]. - The global AI market size in 2023 was reported at $196.63 billion, with a projected compound annual growth rate (CAGR) of 37.3% from 2023 to 2030[26]. - China's AI market spending is expected to exceed $15 billion in 2023 and reach $38.1 billion by 2027, accounting for approximately 9% of the global total[26]. - The demand for AI chips in China is on the rise, driven by domestic policies and the promotion of AI applications[29]. - The iPaaS market size was $6.68 billion in 2023, with expectations to grow to $61.67 billion by 2030, reflecting a CAGR of 35.2%[24]. Strategic Initiatives - The Group aims to strengthen its strategic layout in AIoT technology and services, focusing on the entire AI industry chain[16]. - Comtech is strategically positioned in the "chip-device-cloud" industry chain, focusing on intelligent hardware AIoT to capture market opportunities[29]. - The Group plans to enhance Ingdan's revenue streams by developing a new energy smart battery cloud business and building an iPaaS technology integration platform to serve the AI industry chain[47]. - Ingdan aims to create a "chip-device-cloud" industrial closed loop to meet the needs of the AI industry, providing application design and distribution services for chips while focusing on smart hardware fields[47]. - The Group intends to invest more resources in customer service and order fulfillment to improve service reliability and reduce response times, enhancing overall platform efficiency[49]. - The Group plans to provide value-added services, including corporate and technology services, to enhance performance and customer engagement[47]. - The Group plans to pursue strategic partnerships and acquisitions to expand its business and enhance its market position, focusing on diverse market segments and improving its product and service offerings[50][51]. Operational Insights - As of December 31, 2023, the Group's current assets amounted to approximately RMB7,588.4 million, with cash and bank balances at RMB725.5 million, inventories at RMB4,506.1 million, and trade and other receivables at RMB1,932.2 million[57]. - The Group's current liabilities were approximately RMB5,024.4 million, with bank loans at RMB1,597.4 million and trade and other payables at RMB3,304.9 million, resulting in a current ratio of 1.51, an increase of approximately 8.6% from 1.39 in 2022[57]. - Capital expenditure for the year ended December 31, 2023, was approximately RMB168.0 million, a decrease of approximately RMB102.5 million or 37.9% compared to RMB270.5 million in 2022, primarily due to reduced purchases of intangible assets for R&D[57]. - The increase in trade receivables was attributed to higher sales in the second half of 2023 compared to the same period in 2022, while inventory levels were raised in anticipation of expected sales demand in 2024[57]. Corporate Governance and Compliance - The Group has complied with relevant laws and regulations, with no material breaches reported during the year ended December 31, 2023[140]. - The Group's independent non-executive directors bring extensive experience in various industries, enhancing governance and oversight[148]. - The Group has implemented an annual self-appraisal program and adopted the 2023 RSU Scheme to reward employee fidelity[141]. - The Group maintains good relationships with suppliers and customers, with no significant disputes reported during the year ended December 31, 2023[142]. Employee and Remuneration - As of December 31, 2023, the Group had 580 full-time employees, an increase from 568 in 2022[84]. - The total remuneration cost incurred by the Group for the year ended December 31, 2023, was approximately RMB206.1 million, compared to RMB195.7 million in 2022[84]. - Employee remuneration is periodically reviewed based on industry practices and individual performance assessments[84]. Risks and Challenges - Key risks include potential disruptions to supply chains and business operations due to pandemic outbreaks, which may impact financial performance[143]. - The company faces intense competition in the electronic components procurement market, which is expected to continue evolving as it develops its e-commerce platform[191]. - The company provides credit facilities to customers through its IngFin Financing Services business, exposing it to credit risks related to collateral value fluctuations and potential defaults[194].

Financial Performance - For the fiscal year ending December 31, 2023, the company reported revenue of approximately RMB 8,863.4 million, a decrease of about 7.0% compared to RMB 9,535.5 million in the same period of 2022[23]. - The company's gross profit for the same period was approximately RMB 1,029.9 million, down approximately 7.5% from RMB 1,113.3 million year-on-year[23]. - Operating profit decreased to approximately RMB 465.4 million, reflecting a decline of about 13.0% compared to RMB 535.2 million in the previous year[23]. - Net profit attributable to shareholders was approximately RMB 210.7 million, a decrease of about 33.0% from RMB 314.4 million in the same period last year[23]. - Basic earnings per share were RMB 0.154, down approximately 31.3% from RMB 0.224 in the previous year[23]. - The company's capital expenditure for the year was approximately RMB 168.0 million, a reduction of about RMB 102.5 million or approximately 37.9% from RMB 270.5 million in 2022[47]. - The company recorded other income of approximately RMB 52.9 million, a decrease of about RMB 13.3 million or approximately 20.1% from RMB 66.2 million in 2022[41]. - The group’s income tax decreased by approximately 36.0% from about RMB 63.5 million in 2022 to approximately RMB 40.6 million in 2023, with an effective tax rate of 11.3%[71]. - The company reported a total profit before tax of RMB 515,895,000 for the year 2023, compared to RMB 66,163,000 in 2022, showing a significant increase[135]. - The total comprehensive income for the year was RMB 108.8 million, an increase from RMB 69.8 million in 2022[117]. - The company incurred total salary costs of approximately RMB 206.1 million for the year, up from RMB 195.7 million in 2022[108]. - The company reported a net profit of RMB 210,700,000 for 2023, down 32.9% from RMB 314,414,000 in 2022[165]. Market Outlook - The demand for AI chips is expected to rise, driven by the rapid development of AI technology, despite a temporary decline in overall sales due to a return to normal market conditions[15]. - The global semiconductor market is projected to rebound, with IDC forecasting a 20.2% year-on-year growth in 2024, reaching USD 632.8 billion[16]. - The company is optimistic about the future growth of the semiconductor industry in China, supported by favorable national policies and economic recovery[16]. - The global AI market size is projected to reach $196.63 billion in 2023, with a compound annual growth rate (CAGR) of 37.3% from 2023 to 2030[29]. - China's AI market spending is expected to exceed $15 billion in 2023 and reach approximately $38.1 billion by 2027, accounting for about 9% of the global total[29]. - The semiconductor market is projected to grow by 20.2% in 2024, reaching USD 633 billion, indicating a positive outlook for the industry[54]. Strategic Initiatives - The company is focusing on the electric two-wheeler battery cloud service market, aiming to capture a significant share of the RMB 100 billion market[18]. - The company plans to enhance its technology services platform to support the semiconductor industry and capitalize on the growing demand from various sectors[16]. - The company plans to enhance revenue sources by focusing on new energy smart battery cloud services, particularly in the two-wheeled vehicle battery cloud service sector[32]. - The company aims to develop an iPaaS technology integration platform to serve the AloT "chip-end-cloud" industry chain, targeting five key areas: smart vehicles, digital infrastructure, industrial interconnection, energy control, and consumer electronics[32]. - The company intends to create an open, collaborative, and prosperous electronic manufacturing ecosystem to benefit customers and suppliers, which is expected to drive long-term business growth[33]. - The company plans to leverage customer and supplier data to provide data-driven services, including marketing planning, sales, and customized product design[34]. - The company will continue to enhance customer loyalty and attract existing customers for increased procurement through advanced market analysis tools[34]. - The company is committed to upgrading its service platform to comprehensively cover the entire AI industry chain, seizing business opportunities in China's smart transformation[31]. - The company aims to promote strategic partnerships and acquisition opportunities to further its growth[35]. - The group aims to expand its business through strategic partnerships and acquisitions to optimize operations and broaden its user and revenue base[64]. Operational Metrics - The net asset liability ratio increased to approximately 25.1% as of December 31, 2023, compared to 12.3% at the end of 2022, primarily due to an increase in bank loans[48]. - As of December 31, 2023, the group's current assets were approximately RMB 7,588.4 million, with a current ratio of 1.51, up about 8.6% from 1.39 in 2022[73]. - The group employed 580 full-time employees as of December 31, 2023, an increase from 568 in 2022[80]. - The company's trade receivables increased to RMB 1,932,233,000 in 2023 from RMB 1,469,767,000 in 2022, indicating a growth of 31.4%[166]. - The company’s cash and cash equivalents amounted to RMB 287,705,000 as of December 31, 2023, compared to RMB 190,539,000 in 2022, indicating an increase of approximately 51%[145]. - The company’s total assets less current liabilities were RMB 5,171,847,000 as of December 31, 2023, compared to RMB 5,084,205,000 in 2022, showing a slight increase[145]. - The company’s total liabilities decreased to RMB 5,024,443,000 in 2023 from RMB 4,621,034,000 in 2022, reflecting an increase of about 8.7%[145]. - The company’s total liabilities increased to RMB 657,127,000 in 2023 from RMB 630,853,000 in 2022, reflecting a growth of 4.2%[162]. - The total amount allocated to unsatisfied performance obligations was approximately RMB 101,700,000 as of December 31, 2023, down from RMB 262,511,000 in 2022, reflecting a decrease of about 61.2%[131]. - The average credit period granted by the group remained consistent at 30 days for both 2023 and 2022, indicating stable credit management practices[190]. Governance and Compliance - The board of directors has adopted a governance framework to ensure compliance with the latest corporate governance standards[196]. - The company has established an audit committee consisting of three independent non-executive directors to enhance governance practices[177].

作者  |  左星月   编辑  |  胡芳洁  美编  |  吴宜忠    审核  |  颂文  深交所上市委拟定在2月7日召开2024年第8次上市审核委员会审议会议，审议深圳市科通技术股份有限公司（以下简称“科通技术”）的首发事项。 然而，2月6日，深交所上市委公告，鉴于深圳市科通技术股份有限公司在上市委审议会议公告发布后，因相关审核事项需要核查，按照有关程序，上市委审议会议取消审议科通技术发行上市申请。 科通技术近两年的等待，功亏一篑。 科通技术是一家知名的芯片应用设计和分销服务商，是港股上市公司硬蛋创新控股子公司。根据招股书，科通技术预计募集资金20.49亿元，主要用于扩充分销产品线项目、研发中心建设项目、补充流动资金。 然而，科通技术目前仍存在不少问题，公司不仅经营现金流净流出，资产负债率也高于同行公司。此外，母公司硬蛋创新曾被机构做空，也给公司的IPO之路带来不确定性。 科通技术在被取消审议后，接下来会走向何方，还需时间观察。 1 被做空两次，母公司股价一蹶不振  科通技术成立于2005年，是一家芯片应用设计和分销服务商。公司与全球多家领先的芯片原厂紧密合作，已获得Xilinx（赛灵思）、Inte ...

Financial Performance - The profit attributable to the owners of the company for the reporting period was approximately RMB 925 million, a decrease of about RMB 392 million or approximately 29.8% compared to RMB 1,317 million in the same period of 2022[37]. - The decrease in profit was primarily due to the absence of gains from the disposal of subsidiaries, which recorded approximately RMB 489 million in the prior period[37]. - For the reporting period, the Group recorded revenue of approximately RMB 3,863.5 million, a decrease of about 17.8% compared to RMB 4,702.4 million in the same period of 2022[82]. - The Group's net profit for the period was approximately RMB 168.1 million, representing a decrease of about 20.7% from RMB 211.9 million in the corresponding period of 2022[102]. - Profit attributable to owners of the Company for the reporting period was approximately RMB 92.5 million, a decrease of approximately RMB 39.2 million or 29.8% compared to approximately RMB 131.7 million for the same period in 2022[66]. - The Group's other income decreased by approximately RMB 46.8 million or about 63.5%, totaling approximately RMB 26.9 million compared to RMB 73.7 million in the corresponding period of 2022[89]. - Selling and distribution expenses amounted to approximately RMB 90.2 million, a decrease of about 6.3% from RMB 96.3 million in the same period of 2022[90]. - Gross profit increased to approximately RMB 482.4 million, reflecting a year-on-year increase of about 13.7%[102]. - Operating profit for the period was approximately RMB 247.8 million, an increase of about 10.6% compared to RMB 224.0 million in the same period of 2022[102]. - Basic earnings per share (EPS) decreased by about 28.4% to RMB 0.068 from RMB 0.095 in the same period of 2022[102]. Financial Position - As of June 30, 2023, the group's current assets were approximately RMB 8,495.7 million, including cash and bank balances of approximately RMB 1,048.7 million[38]. - The group's current liabilities were approximately RMB 6,008.5 million, with bank loans accounting for about RMB 1,818.8 million[38]. - The current ratio (current assets to current liabilities) as of June 30, 2023, was 1.41, an increase of 1.4% from 1.39 on December 31, 2022[38]. - As of June 30, 2023, the net gearing ratio of the Group was approximately 23.2%, up from 12.3% as of December 31, 2022, primarily due to an increase in bank loans during the reporting period[42][47]. - Pledged bank deposits and account receivables were approximately RMB 495.1 million and RMB 415.7 million as of June 30, 2023, respectively[30]. - The Group had no significant contingent liabilities as of June 30, 2023[32]. - The Group had no other debt financing obligations as of June 30, 2023, and did not breach any financial covenants[45]. Expenses and Investments - Financial costs increased from RMB 294 million in the six months ended June 30, 2022, to RMB 518 million in the same period of 2023, attributed to increased bank borrowings[37]. - Research and development expenses for the reporting period were approximately RMB 63.4 million, a decrease of approximately RMB 29.2 million or 31.5% from approximately RMB 92.6 million in the corresponding period of 2022[59][62]. - Administrative and other operating expenses increased to approximately RMB 107.9 million, up approximately RMB 22.7 million or 26.6% from approximately RMB 85.2 million in the same period of 2022[60][63]. - For the reporting period, the Group's capital expenditure amounted to approximately RMB 0.6 million, an increase of approximately RMB 0.3 million compared to approximately RMB 0.3 million for the same period in 2022[41][46]. - The Group did not make or hold any significant investments during the reporting period[43][48]. Strategic Developments - The Group has obtained approval for the spin-off and separate listing of its chip business, Shenzhen Comtech, on the A-shares market in Mainland China[85]. - Comtech achieved technological breakthroughs in AIGC, logistics robots, and electronic rearview mirrors for smart vehicles during the reporting period[105]. - The Group plans to develop an ecosystem for the electronics manufacturing industry, including services such as supply chain financing, insurance, and cloud computing[120]. - The Group aims to broaden its value-added services by monetizing data collected from customers and suppliers, offering data-driven services[120]. - The Group plans to expand its business through strategic partnerships and acquisitions to optimize operations and enhance its user and revenue base[123]. - The Group is focusing on two-wheeler battery cloud services to capture the new energy smart battery cloud market, targeting a RMB 100 billion opportunity[106]. - The Group intends to pursue strategic partnerships and acquisition opportunities to further strengthen its market position[153]. - Ingdan's research and development projects are becoming more sophisticated, with proprietary products expected to contribute significantly to the Group's performance[146]. Market Insights - The number of two-wheel electric vehicles in China was estimated to be approximately 350 million in 2022, with the battery replacement service market expected to exceed RMB 130 billion by 2025[106]. - Ingdan is actively expanding into the iPaaS market, with the global market size projected to grow from US$5.29 billion in 2022 to US$30.58 billion in 2028, representing a CAGR of 34.0%[107][108]. - The AI market in China is expected to reach USD 14.75 billion in 2023, accounting for about one-tenth of the global total[140]. - The global semiconductor sales are projected to decline by 10.3% in 2023 but are expected to grow by 11.8% in 2024[130]. - The Chinese government's "Plan for the Overall Layout of Building a Digital China" aims for significant progress by 2025, which is expected to drive growth in the AI industry[115]. - The Group believes that the AI industry will see substantial growth, opening new opportunities for chip and chip application demand[115].

Financial Performance - Revenue for the six months ended June 30, 2023, was RMB 3,863.5 million, a decrease of 17.8% compared to RMB 4,702.4 million in the same period of 2022[3]. - Gross profit increased to RMB 482.4 million, reflecting a growth of 13.7% from RMB 424.4 million year-on-year[3]. - Operating profit rose to RMB 247.8 million, up 10.6% from RMB 224.0 million in the previous year[3]. - Net profit attributable to equity shareholders was RMB 92.5 million, down 29.8% from RMB 131.7 million in the same period last year[3]. - Basic earnings per share decreased to RMB 0.068, a decline of 28.4% compared to RMB 0.095 in the previous year[3]. - The company's net profit after tax decreased by approximately 20.7% compared to the same period in 2022, while gross profit increased by approximately 13.7% to about RMB 482.4 million[24]. - The company's profit attributable to owners was approximately RMB 92.5 million, a decrease of about RMB 39.2 million or approximately 29.8% from RMB 131.7 million in the same period of 2022, primarily due to the absence of gains from the sale of subsidiaries[68]. - The group reported a profit before tax of RMB 196,587 thousand for the six months ended June 30, 2023, compared to RMB 244,881 thousand for the same period in 2022, indicating a decrease of about 19.7%[115]. Market Trends - The global semiconductor sales are projected to decline by 10.3% in 2023, with a potential recovery of 11.8% growth in 2024[6]. - The global iPaaS market is expected to grow from USD 5.29 billion in 2022 to USD 30.58 billion by 2028, with a compound annual growth rate of 34.0%[10]. - The AI market in China is projected to reach USD 14.75 billion in 2023, accounting for approximately 10% of the global market[13]. Strategic Initiatives - The company is preparing for the proposed A-share listing of its subsidiary, Shenzhen Keton Technology Co., Ltd., to expand its capital market presence in China[7]. - The company aims to enhance its AI industry chain development and leverage its subsidiaries to capture new market opportunities in the AI sector[15]. - The company plans to enhance customer loyalty and attract existing customers for more purchases by utilizing advanced market analysis tools to gather extensive market data[18]. - The company aims to expand its business through strategic partnerships and acquisitions, targeting companies with growth potential in various sectors[19]. - The company is focusing on the development of new energy intelligent battery cloud services, particularly in the two-wheeled electric vehicle sector, which is projected to exceed RMB 130 billion by 2025[28]. - The company is actively promoting the OpenHarmony open-source technology platform, which has seen participation from 17 manufacturers and over 140 commercial devices across multiple industries[30]. - The company is positioning itself as a core technology supplier for the AloT "chip-end-cloud" industry chain, focusing on smart vehicles, digital infrastructure, industrial interconnectivity, energy control, and consumer goods[34]. - The company is leveraging its market position to seek attractive cross-marketing and licensing opportunities to enhance sales capabilities and capture market growth driven by AI[19]. Financial Position - The company's capital expenditure for the reporting period was approximately RMB 0.6 million, an increase of about RMB 0.3 million compared to RMB 0.3 million in the same period of 2022[50]. - The net asset liability ratio as of June 30, 2023, was approximately 23.2%, up from 12.3% as of December 31, 2022, primarily due to an increase in bank loans during the reporting period[51]. - As of June 30, 2023, the group's current assets were approximately RMB 8,495.7 million, with a current ratio of 1.41, an increase of 1.4% from 1.39 as of December 31, 2022[69]. - The company's total assets as of June 30, 2023, amounted to RMB 8,495,682 thousand, compared to RMB 6,423,268 thousand as of December 31, 2022, reflecting an increase of 32.3%[98]. - The company's total equity as of June 30, 2023, was RMB 4,677,405 thousand, an increase from RMB 4,453,352 thousand as of December 31, 2022, indicating a growth of 5.0%[87]. - The company's financial liabilities included lease liabilities of RMB 30,019 thousand, up from RMB 17,976 thousand as of December 31, 2022, indicating an increase of 66.5%[100]. - The company has no significant contingent liabilities as of June 30, 2023, ensuring a stable financial position[89]. Operational Efficiency - Sales and distribution expenses were approximately RMB 90.2 million, down about RMB 6.1 million or approximately 6.3% from RMB 96.3 million in the same period of 2022, mainly due to a reduction in trade receivables impairment losses[65]. - Research and development expenses were approximately RMB 63.4 million, a decrease of about RMB 29.2 million or approximately 31.5% compared to RMB 92.6 million in the same period of 2022, primarily due to reduced spending on IC chip distribution and AIoT product development[66]. - Administrative and other operating expenses increased by approximately RMB 22.7 million or about 26.6% to RMB 107.9 million compared to RMB 85.2 million in the same period of 2022, mainly due to increased amortization of intangible assets[67]. Corporate Governance - The company has maintained its corporate governance practices in line with the latest standards[151]. - The group has established an audit committee to review the interim results for the reporting period[155]. - The company plans to continue monitoring its corporate governance practices to ensure compliance with the latest measures[151]. - The company is committed to strict corporate governance and has established an audit committee to oversee financial reporting and risk management[175]. - The company has maintained compliance with the corporate governance code, with updates provided to the board quarterly[173]. Other Information - The group did not declare any dividends for the six months ended June 30, 2023, consistent with the previous year[117]. - The group did not make or hold any significant investments during the reporting period[72]. - The company has not utilized any derivative financial instruments for hedging foreign currency transactions during the reporting period, indicating a focus on monitoring foreign exchange risks[92]. - The company has not engaged in any buybacks or sales of its listed securities during the reporting period[178]. - The company has not been involved in any major litigation or arbitration matters as of June 30, 2023[179].

Financial Performance - Revenue for the year ended December 31, 2022, was RMB 9,535.5 million, representing a year-on-year increase of 0.9% from RMB 9,452.4 million in 2021[6]. - Gross profit increased by 19.3% year-on-year to RMB 1,113.3 million, up from RMB 933.4 million in the previous year[6]. - Profit attributable to equity shareholders for the year was RMB 452.4 million, a 9.7% increase compared to RMB 412.4 million in 2021[6]. - The company reported a basic and diluted earnings per share of RMB 0.224, reflecting a 5.2% increase from RMB 0.213 in the previous year[6]. - For the year ended December 31, 2022, the Group's profit amounted to approximately RMB 452.4 million, an increase of approximately RMB 40.0 million compared to RMB 412.4 million in 2021[86]. - The Group's revenue for the year ended December 31, 2022, was approximately RMB 9,535.5 million, representing an increase of approximately RMB 83.1 million or approximately 0.9% compared to RMB 9,452.4 million in 2021[89]. - Gross profit for the year ended December 31, 2022, was approximately RMB 1,113.3 million, reflecting an increase of approximately 19.3% from RMB 933.4 million in 2021[89]. - The gross margin increased from 9.9% in 2021 to 11.7% in 2022, driven by a change in sales mix favoring higher-margin proprietary products[89]. - Other revenue for the year ended December 31, 2022, amounted to approximately RMB 66.2 million, an increase of approximately 105.8% compared to RMB 32.2 million in 2021, primarily due to gains on the disposal of subsidiaries[89]. Market Opportunities and Strategic Focus - Ingdan is focusing on the development of smart batteries for new energy, enhancing efficiency and recyclability through smart control systems[1]. - The global iPaaS end-user spending is expected to reach USD 5.6 billion in 2022, an 18.5% increase from 2021, indicating a growing market opportunity for Ingdan[1]. - Ingdan's iPaaS platform aims to provide technology integration solutions to core technology suppliers in the AIoT industry chain, targeting five main fields: V2X, Smart Home, Robotics, Smart Manufacturing, and Smart Medical[1]. - Ingdan aims to leverage big data capabilities to capitalize on the rapid growth of the big data market, positioning itself as an AIoT data cloud enterprise[1]. - The Group aims to enhance its revenue sources by becoming a core technology provider in the AIoT industry, focusing on smart automotive, smart home, robotics, smart manufacturing, and smart healthcare[54]. - The Group plans to expand its business through strategic partnerships and acquisitions to optimize operations and enhance its user and revenue base[57][59]. - The Group aims to fully cover the entire AI industry chain and seize business opportunities in domestic smart transformation[81]. Business Development and Investments - The company has secured credit facilities from 15 prominent banks in China and Hong Kong to support its chip business development, reflecting strong confidence in the domestic trillion-RMB chip market[1]. - The Group's strategic investments in the chip market from 2020 to 2022 have supported its core business growth, maintaining high returns[28]. - The Group plans to further develop its business into an important iPaaS technology integration platform service provider in the AIoT era, focusing on five smart hardware fields[113]. - Comtech plans to spin off and independently list on the A-share market in mainland China to achieve new breakthroughs and create sustainable value for shareholders[15]. - The Group has received approval for the spin-off and separate listing of Shenzhen Comtech on the A shares market in Mainland China, which is expected to enhance its development in the domestic capital and chip markets[29]. - The Group currently holds approximately 66.84% of Shenzhen Comtech, which will continue to be consolidated into the Group's financial statements[112]. Employee and Operational Metrics - As of December 31, 2022, the Group had 568 full-time employees, an increase from 532 in 2021, with total remuneration costs of approximately RMB 146.8 million, slightly down from RMB 147.2 million in 2021[25][26]. - The Group's employee remuneration policy is periodically reviewed, ensuring alignment with industry practices and individual performance assessments[25]. - The total remuneration cost incurred by the Group was approximately RMB 195.7 million, an increase from RMB 186.7 million in 2021[142]. Future Outlook and Growth Projections - The global AI spending is projected to reach $154 billion in 2023, reflecting a year-on-year growth of 26.9%, with expectations to exceed $300 billion by 2026[47][49]. - The Chinese AI market reached a total scale of $2.3 billion in the first half of 2022, indicating significant growth potential in the AI sector[47]. - The Group expects continued high-speed development in the AI-related industry and increased chip demand, driving core business growth[15]. - The Group aims to build a closed-loop of the AIoT chip-device-cloud industry, covering the entire AI industry chain[15]. Strategic Partnerships and Collaborations - The Group has signed a strategic cooperation agreement with Chinasoft International to promote OpenHarmony in the intelligent hardware product market[12]. - A strategic cooperation with Chinasoft International aims to integrate OpenHarmony into smart hardware products, targeting a market opportunity worth 10 billion RMB[45]. - OpenHarmony, an open-source technology platform, has achieved 113 million global downloads and is being integrated into smart hardware products, with strategic cooperation established with ChinaSoft International[44]. Capital Expenditure and Financial Management - Capital expenditure for the year amounted to approximately RMB 270.5 million, an increase of approximately RMB 132.8 million or 96.4% compared to RMB 137.7 million in 2021[102]. - The Group's current ratio decreased to 1.39 as of December 31, 2022, down approximately 30.8% from 2.01 in 2021, primarily due to increased inventory[93]. - The net gearing ratio increased to approximately 12.3% as of December 31, 2022, compared to approximately 9.2% in 2021, mainly due to an increase in bank loans[103]. User Growth and Market Expansion - The company reported a significant increase in user data, with a total of 1.5 million active users, representing a 25% year-over-year growth[181]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by the end of 2024[186]. - New product launches are expected to contribute an additional $50 million in revenue over the next fiscal year[185].

Financial Performance - Total comprehensive income for the year amounted to RMB 69,783,000,000, compared to RMB 301,212,000,000 in the previous year[1] - Basic earnings per share increased to RMB 0.224 from RMB 0.213, representing an increase of approximately 5.2%[10] - For the fiscal year ending December 31, 2022, total revenue was RMB 9,535,519 thousand, an increase from RMB 9,452,436 thousand in 2021, representing a growth of approximately 0.88%[29] - Gross profit for the fiscal year 2022 was RMB 1,113,305 thousand, compared to RMB 933,377 thousand in 2021, indicating a significant increase of approximately 19.3%[29] - The company reported a net profit of RMB 452,420 thousand for 2022, up from RMB 412,385 thousand in 2021, reflecting a growth of about 9.7%[29] - The total comprehensive income for the year attributable to the company's owners was RMB (725) thousand, compared to RMB 225,058 thousand in 2021, reflecting a significant decrease[35] - The company's total revenue for the year ended December 31, 2022, was approximately RMB 9,535.5 million, representing a year-on-year increase of 0.9% from RMB 9,452.4 million in 2021[42] - Gross profit for the same period was approximately RMB 1,113.3 million, reflecting a significant year-on-year increase of 19.3%[42] - Net profit attributable to equity shareholders of the company increased by 9.7% to RMB 452.4 million compared to RMB 412.4 million in 2021[42] Assets and Liabilities - Non-current assets as of December 31, 2022, included property, plant, and equipment valued at RMB 8,306,000,000, up from RMB 7,748,000,000 in 2021[13] - The group's total assets less current liabilities stood at RMB 5,084,205,000, compared to RMB 5,152,287,000 in the previous year, indicating a slight decrease[13] - Inventory increased significantly to RMB 4,080,543,000 from RMB 2,227,666,000, reflecting a growth of approximately 83.4%[13] - Trade receivables decreased to RMB 1,469,767,000 from RMB 2,326,508,000, a decline of about 36.8%[13] - Current liabilities rose to RMB 4,621,034,000 from RMB 2,630,437,000, marking an increase of approximately 75.7%[13] - As of December 31, 2022, the company's current assets were approximately RMB 6,423.3 million, including cash and bank balances of approximately RMB 867.0 million, inventories of approximately RMB 4,080.5 million, and trade and other receivables of approximately RMB 1,469.8 million[102] - The company's current ratio as of December 31, 2022, was 1.39, a decrease of approximately 30.8% from 2.01 as of December 31, 2021, primarily due to an increase in inventory[102] - The net debt-to-equity ratio as of December 31, 2022, was approximately 12.3%, up from 9.2% as of December 31, 2021, primarily due to an increase in bank loans during the reporting period[105] Revenue Segments - Revenue from the "IC AIoT" segment was RMB 9,490,407 thousand for 2022, slightly up from RMB 9,405,968 thousand in 2021, showing a marginal increase of approximately 0.9%[20] - The revenue from the "KOTON Technology" segment for the year ended December 31, 2022, was approximately RMB 8,186.6 million, while the "Hard Egg Technology" segment generated revenue of approximately RMB 1,348.9 million, totaling approximately RMB 9,535.5 million[120] Research and Development - Research and development expenses for 2022 were RMB 155,691 thousand, slightly down from RMB 155,956 thousand in 2021, indicating a stable investment in innovation[29] - Capital expenditures for the year ended December 31, 2022, were approximately RMB 270.5 million, an increase of about RMB 132.8 million or approximately 96.4% compared to RMB 137.7 million in 2021, mainly due to increased purchases of intangible assets for R&D[104] Market and Industry Outlook - The demand for industrial chips was particularly strong, driven by rapid advancements in AI and the growth of new economic sectors such as smart vehicles and digital infrastructure[43] - The semiconductor market in China maintained its leading position in 2022, with sales reaching USD 180.4 billion, supported by national policies promoting the semiconductor industry[44] - The global IaaS market is projected to reach USD 5.6 billion in 2022, growing by 18.5% from 2021, indicating significant opportunities for the company in this sector[47] - The global AI spending is expected to reach $154 billion in 2023, growing by 26.9% year-on-year, with the AI-related industry spending projected to exceed $300 billion by 2026[63] Corporate Governance and Shareholder Matters - The company has complied with the corporate governance code and has established an audit committee consisting of three independent non-executive directors[172] - The company aims to enhance shareholder value through share repurchases as part of its long-term strategy[166] - The proposed final dividend is HKD 0.04 per share, subject to shareholder approval on June 9, 2023[174] - The company will continue to review and monitor its corporate governance practices to ensure compliance with the latest standards[179] Strategic Plans and Developments - The company aims to become a leading technology integration service platform in the AIoT smart hardware industry, leveraging its business model of "KET + Hard Egg Technology" to create an industry closed loop[49] - The company plans to enhance customer loyalty and attract existing customers for increased procurement through advanced market analysis tools[52] - The company plans to strengthen its revenue sources by becoming a core technology supplier in the AIoT industry chain, focusing on five key areas: smart cars, smart homes, robotics, smart manufacturing, and smart healthcare[65] - The company is preparing for a proposed A-share listing for Shenzhen Keton, further expanding its capital market presence in the domestic chip market[58] - The company is actively developing new energy smart battery technologies to improve efficiency and recyclability, while also launching its own brand of AIoT smart hardware products[60] - The company plans to expand its business through strategic partnerships and acquisitions to optimize operations and enhance its user and revenue base[68] - The company has announced plans for a proposed spin-off and independent listing of its subsidiary, KET Technology, on the A-share market in China[129] Employee and Operational Metrics - As of December 31, 2022, the total employee count was 568, an increase from 532 in 2021, with 19 part-time employees[130] - The total salary cost for the year ended December 31, 2022, was approximately RMB 195.7 million, up from RMB 186.7 million in 2021[131] - For the year ended December 31, 2022, the company's operating expenses were approximately RMB 299.0 million, an increase of about RMB 61.6 million or approximately 25.9% compared to RMB 237.4 million in 2021, primarily due to increased amortization of intangible assets in 2022[100]

Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 4,702.4 million, representing a year-on-year increase of 19.7% from RMB 3,927.3 million in 2021[26]. - Gross profit for the same period was RMB 424.4 million, up 23.2% compared to RMB 344.6 million in the previous year[26]. - Profit attributable to owners for the period was RMB 211.9 million, reflecting a 22.9% increase from RMB 172.4 million in 2021[26]. - Earnings per share (EPS) increased to RMB 0.095 basic and RMB 0.094 diluted, representing year-on-year growth of 20.3% and 19.0% respectively[26]. - The Group recorded a revenue of approximately RMB 4,702.4 million for the period ending June 30, 2022, representing an increase of approximately 19.7% compared to RMB 3,927.3 million in the same period of 2021[29]. - Net profit after tax increased by 22.9% year-on-year, with gross profit reaching approximately RMB 424.4 million, reflecting a year-on-year increase of approximately 23.2%[29]. - Profit for the period attributable to owners of the Company was RMB 131.7 million, an increase from RMB 110.5 million in the first half of 2021[50]. - Total comprehensive income for the period reached RMB 124,967,000, a significant increase from RMB 44,046,000 in the previous year, representing an increase of approximately 184%[175]. Strategic Initiatives - The company is focused on expanding its market presence and enhancing product offerings through new technology development[28]. - Management anticipates continued growth in revenue and profitability driven by strategic initiatives and market expansion efforts[28]. - The company is exploring potential mergers and acquisitions to bolster its competitive position in the market[28]. - The company plans to invest in research and development to innovate and improve product lines[28]. - The company plans to enhance revenue streams by developing into an iPaaS technology integration platform, focusing on five AIoT smart hardware fields[42]. - Strategic partnerships and acquisitions are being pursued to expand the user and revenue base, enhance product offerings, and improve technology infrastructure[46]. Market Trends and Opportunities - User data indicates a growing customer base, contributing to the overall revenue increase[28]. - Future guidance suggests a positive outlook for the next fiscal period, with expectations of sustained growth[28]. - The demand for industrial chips is expected to continue rising due to the acceleration of industrial digitization and domestic 5G construction, driving the Group's overall performance upward[29]. - The Group aims to capture opportunities in the 5G industry, focusing on the entire chip industry chain to meet increasing demand for IC and modules[38]. - The Group's core business is expected to maintain a steady growth trend supported by national policies and the popularization of 5G technology[32]. Financial Position and Assets - As of June 30, 2022, the Group's current assets amounted to approximately RMB 5,021.3 million, with cash and bank balances contributing RMB 988.6 million, inventories RMB 2,316.6 million, loan receivables RMB 273.2 million, and trade and other receivables RMB 1,442.8 million[67]. - The current liabilities of the Group were approximately RMB 2,396.5 million, including bank loans of RMB 811.0 million and trade and other payables of RMB 1,279.1 million[67]. - The current ratio increased to 2.10 as of June 30, 2022, up 4.5% from 2.01 as of December 31, 2021, primarily due to a decrease in trade and other payables and an increase in inventories[67]. - Non-current assets totaled RMB 2,517,576,000, slightly up from RMB 2,503,400,000 as of December 31, 2021[178]. - Cash and cash equivalents increased to RMB 656,147,000 from RMB 137,295,000, showing a substantial growth of approximately 378%[178]. Corporate Governance - The company is committed to maintaining stringent corporate governance and has complied with applicable code provisions, except for C.2.1 and D.1.2[126]. - The Board believes that having the same individual serve as both chairman and CEO ensures consistent leadership and effective strategic planning[126]. - The company will continue to review and monitor its corporate governance practices to ensure compliance with the latest standards[130]. - The company has established an audit committee to oversee financial reporting and risk management[137]. Employee and Compensation - As of June 30, 2022, the Group had a total of 579 employees, an increase from 515 employees as of June 30, 2021, with 13 part-time employees[115]. - The total remuneration cost incurred by the Group for the six months ended June 30, 2022, was approximately RMB 63.1 million, compared to RMB 59.7 million in 2021, reflecting an increase of 2.4%[115]. - The RSU Scheme was adopted on March 1, 2014, and aims to reward the fidelity of directors, executive officers, senior management, and employees, aligning their interests with those of shareholders[116]. - The Group's key executives' compensation is reviewed based on the Group's performance and their respective contributions[115]. Shareholder Information - The Company repurchased 15,107,000 shares for an aggregate consideration of approximately HKD 33.9 million before expenses during the six months ended June 30, 2022[143]. - The highest price paid for repurchased shares was HKD 2.45, while the lowest price was HKD 1.96[144]. - The Company has not been notified of any other substantial shareholders with interests in the shares as of June 30, 2022[112].

Financial Performance - Revenue for the year ended December 31, 2021, reached RMB 9,452.4 million, a 52.8% increase from RMB 6,185.1 million in 2020[25]. - Gross profit for 2021 was RMB 933.4 million, representing a 33.6% increase from RMB 698.6 million in 2020[25]. - Profit for the year increased by 120.0% to RMB 412.4 million, up from RMB 187.4 million in 2020[25]. - Profit attributable to equity shareholders of the Company rose by 140.4% to RMB 296.2 million, compared to RMB 123.2 million in the previous year[25]. - Basic earnings per share (EPS) for 2021 was RMB 0.213, a 139.3% increase from RMB 0.089 in 2020[25]. - The Group recorded a revenue of approximately RMB 9,452.4 million for the year ended December 31, 2021, representing an increase of approximately 52.8% compared to RMB 6,185.1 million in the corresponding period of 2020[42]. - The net profit after tax increased by 120.0% compared to the corresponding period in 2020, with a gross profit of approximately RMB 933.4 million, reflecting a year-on-year increase of approximately 33.6%[42]. - For the year ended December 31, 2021, the Group's profit amounted to approximately RMB 412.4 million, an increase of approximately RMB 225.0 million compared to RMB 187.4 million in 2020[60]. - Profit attributable to equity shareholders was approximately RMB 296.2 million, representing an increase of approximately RMB 173.0 million compared to RMB 123.2 million in 2020[60]. - The Group's revenue included approximately RMB 9,406.0 million from direct sales, RMB 9.2 million from software licensing services, RMB 10.6 million from the Group's marketplace, and RMB 26.6 million from IngFin Financing Services[60]. Market and Industry Trends - The demand for chips is expected to grow due to the explosive growth of 5G applications across various industries, providing substantial profit opportunities for the Group[30]. - The national policy in China strongly supports technology development, which is expected to further boost the AIoT industry and chip demand[30]. - The strong demand for chips is driven by accelerated industrial digitization and domestic 5G construction, contributing to the Group's significant revenue growth[42]. - The Ministry of Industry and Information Technology predicts that the total number of 5G base stations will exceed 2 million in 2022, driving demand for chips and contributing to the Group's growth[49]. - The semiconductor industry is expected to see total sales grow by 11% in 2022, surpassing US$680.6 billion, driven by the rise of AIoT applications[49]. - The automotive semiconductor industry is projected to grow at a CAGR of 12.3% by 2025, driven by the increasing demand for in-vehicle electronics due to the rise of electric vehicles and autonomous driving[53]. - The iPaaS market is projected to reach US$6.1 billion by 2025, with a CAGR of 36.4% from 2020 to 2025, providing significant growth opportunities for the Group[49]. Strategic Initiatives - The Group continues to focus on the chip and AIoT smart hardware market, leveraging its dual-platform model of "Comtech and Ingdan" to drive significant revenue growth[29]. - The Group aims to create a closed loop of "Chips-Devices-Cloud" AIoT ecosystem, deploying services in five major verticals: Vehicle-to-everything, Smart Home, Robotics, Smart Manufacturing, and Smart Medical[29]. - The Group plans to continue leveraging its platforms to serve the entire 5G industry chain, aiming for rapid business growth[30]. - The Group aims to strengthen the integration of its chip applications with OpenHarmony solutions to enhance its position in the AIoT industry[37]. - The Group's strategic dual-platform approach of "Comtech and Ingdan" is designed to capture AIoT business opportunities in China[37]. - The Group plans to enhance revenue streams from Ingdan by developing it into a key iPaaS technology integration platform, focusing on smart cars, smart homes, robotics, smart manufacturing, and smart medtech[56]. - The Group aims to deepen its penetration in IC sales and smart hardware modules, leveraging its proprietary products and technology for increased profitability[42]. Investments and Financial Support - The Bank of China (Shenzhen) granted a credit facility of RMB 300 million in early 2022, affirming the Group's development potential in the chip industry[38]. - The Group received additional capital injection from the Guangdong Provincial Industrial Development Fund, reflecting the provincial government's confidence in its business[38]. - The Group plans to independently list its subsidiary "Comtech" on A shares in Mainland China, aiming to expand its presence in the domestic capital market[38]. - The Group has obtained approval for the proposed A Share listing of Comtech in Mainland China, which will further expand its development in the domestic capital and chip market[45]. - The Group's investment in Comtech supports its rapid development in the trillion-RMB domestic chip market[120]. Operational Performance - Cost of revenue for the year ended December 31, 2021, was approximately RMB 8,519.0 million, representing an increase of approximately 55.3% from approximately RMB 5,486.5 million for the year ended December 31, 2020[60]. - Gross margin decreased from 11.3% in 2020 to 9.9% in 2021, primarily due to a change in sales mix with a higher proportion of IC components sales[62]. - Selling and distribution expenses decreased by approximately RMB 16.0 million or 20.0% to RMB 63.8 million in 2021, driven by reduced marketing costs[62]. - Research and development expenses decreased by approximately RMB 38.6 million or 19.8% to RMB 156.0 million in 2021, mainly due to reduced spending on AIoT products and technologies[62]. - Administrative and other operating expenses increased by approximately RMB 22.9 million or 10.7% to RMB 237.4 million in 2021, primarily due to increased amortization of intangible assets[64]. Corporate Governance and Compliance - The Group has complied with all relevant laws and regulations during the year ended December 31, 2021, with no material breaches reported[129]. - The company has received annual confirmations of independence from all independent non-executive directors, who are considered independent[165]. - No significant contracts were entered into between the company or its subsidiaries and the controlling shareholders during the year ended December 31, 2021[163]. - The company did not engage in any business that competes or might compete with the group during the year ended December 31, 2021[161]. Future Outlook - The Group anticipates continued high growth in its business, driven by strong support from national policies and the booming chip industry[38]. - Future outlook remains positive, with management expressing confidence in achieving long-term growth targets despite market challenges[92]. - The Group's core business is expected to continue its high growth trajectory post-A-share listing[123].