Financial Performance - The company's revenue for the fiscal year 2024 reached RMB 205.8 million, representing an 18.3% increase compared to RMB 174.0 million in 2023[12]. - Net profit for the fiscal year 2024 was RMB 46.2 million, up 18.5% from RMB 39.0 million in 2023[12]. - Total premiums facilitated by the company increased by approximately 28.6% to RMB 1,618.8 million for the year ending December 31, 2024, compared to RMB 1,259.1 million in 2023[13]. - Commission income from insurance agency business rose by about 20.6% to RMB 187.7 million in 2024, up from RMB 155.7 million in 2023[13]. - IT service revenue increased by approximately 7.6% to RMB 17.0 million in 2024, compared to RMB 15.8 million in 2023[13]. - The gross profit margin for 2024 was 38.3%, down from 42.8% in 2023[9]. - The net profit margin for 2024 was 22.5%, slightly up from 22.4% in 2023[9]. - Overall gross profit increased by 5.8% from approximately RMB 74.5 million for the year ended December 31, 2023, to approximately RMB 78.8 million for the year ended December 31, 2024[30]. - Overall gross margin decreased from approximately 42.8% for the year ended December 31, 2023, to approximately 38.3% for the year ended December 31, 2024, primarily due to a decline in the gross margin of the insurance agency business[30]. Asset and Equity Growth - Total non-current assets as of December 31, 2024, were RMB 145.9 million, compared to RMB 140.7 million in 2023[9]. - Total equity attributable to equity shareholders of the company increased to RMB 600.2 million in 2024 from RMB 365.2 million in 2023[9]. - Total cash and cash equivalents and other financial assets increased from approximately RMB 335.9 million as of December 31, 2023, to approximately RMB 568.6 million as of December 31, 2024[40]. - Net current assets increased to approximately RMB 452.4 million as of December 31, 2024, compared to RMB 222.6 million as of December 31, 2023[45]. Business Strategy and Market Position - The company plans to deepen ecosystem collaboration and increase investment in technology research and development to enhance core competitiveness in insurance and technology services[15]. - The company aims to expand its ecosystem by connecting with more companies and providing a wider range of product solutions for insurance users[18]. - The company is actively embracing an "AI+" strategy, focusing on areas such as AI risk reduction and smart claims processing[18]. - The company aims to become a leading insurance distribution platform in China, focusing on sustainable development[175]. - The company focuses on digital transformation in the insurance industry through its self-developed "All-in-One" APP and "Enterprise Insurance Interactive Service Platform" to provide customized insurance solutions[176]. Employee and Management Structure - The group had 131 employees as of December 31, 2024[52]. - The company emphasizes employee development through continued education and training programs[53]. - The company has a strong management team with diverse backgrounds in finance, technology, and academia, enhancing its strategic decision-making capabilities[71]. - The management team includes members with significant experience in various industries, which supports the company's growth strategy[75]. Corporate Governance and Compliance - The company is committed to maintaining high standards of corporate governance through independent oversight by its board members[72]. - The board of directors is responsible for the overall leadership and strategic decision-making of the group, ensuring effective governance[99]. - The company has adopted corporate governance codes to ensure ethical and responsible business operations since its listing[97]. - The company has established effective mechanisms to support an independent board and independent viewpoints, with over one-third of the board being independent non-executive directors[107]. Risk Management and Internal Control - The company emphasizes risk management as a core guarantee for stable development, implementing a comprehensive risk management approach covering organization, processes, and culture[197]. - A multi-level risk management organizational structure has been established, with clear responsibilities assigned to the strategic management department, internal control and audit department, and various operational departments[198]. - The internal audit department is responsible for independent evaluations of the internal control management system and reporting on its effectiveness[137]. - The company integrates risk management into its corporate culture, promoting the idea that "risk exists everywhere, and risk coexists with opportunity" to enhance employee awareness and proactive actions[199]. ESG Initiatives - The company emphasizes the importance of ESG (Environmental, Social, and Governance) strategies and has established an ESG leadership team to manage related risks[172]. - The report adheres to the guidelines set by the Hong Kong Stock Exchange for ESG reporting, ensuring transparency and accountability[168]. - The company has committed to continuous improvement based on stakeholder feedback regarding its ESG initiatives[171]. - The ESG governance structure has been established to integrate sustainable development into decision-making processes, clearly defining departmental responsibilities[193]. Shareholder Communication and Dividends - The company plans to distribute a cash dividend of RMB 0.135 per share, totaling RMB 19,061,406, subject to shareholder approval[59]. - Effective communication with shareholders is deemed crucial for strengthening investor relations and understanding the company's business performance and strategies[155]. - The company regularly reviews its communication policy to ensure its effectiveness in providing timely information to shareholders[157].

Financial Performance - For the year ended December 31, 2024, the group recorded revenue of approximately RMB 205.8 million, an increase of about 18.3% compared to RMB 174.0 million in the same period last year[5] - The profit for the year amounted to approximately RMB 46.2 million, reflecting a growth of approximately 18.5% from RMB 39.0 million in the previous year[5] - The attributable profit to equity shareholders was approximately RMB 46.7 million, up by about 15.6% from RMB 40.4 million in the prior year[5] - The basic and diluted earnings per share remained at RMB 0.39 for the year ended December 31, 2024[8] - The company's net profit rose by 18.5% from approximately RMB 39.0 million for the year ending December 31, 2023, to approximately RMB 46.2 million for the year ending December 31, 2024, with a stable net profit margin of 22.4%[87] - The overall gross profit increased by 5.8% from approximately RMB 74.5 million for the year ending December 31, 2023, to approximately RMB 78.8 million for the year ending December 31, 2024[80] Revenue Breakdown - Insurance agency business revenue reached RMB 187,693,000, up 20.5% from RMB 155,748,000 in 2023[21] - IT services revenue increased to RMB 16,961,000, a growth of 7.5% from RMB 15,782,000 in 2023[19] - The self-developed enterprise interaction platform contributed RMB 51.2 million in premiums, a significant increase of 123.6% compared to the previous year[74] - Commission income from the insurance agency business rose by 20.6% from approximately RMB 155.7 million for the year ending December 31, 2023, to approximately RMB 187.7 million for the year ending December 31, 2024[79] Cash Flow and Assets - The net cash inflow from operating activities was approximately RMB 30.1 million, representing a significant increase of about 50.5% compared to RMB 20.0 million last year[5] - Operating cash generated from activities was RMB 39,479,000, up 33.1% from RMB 29,651,000 in the previous year[49] - The total cash and cash equivalents decreased to RMB 169,721,000 in 2024 from RMB 203,638,000 in 2023, a decrease of 16.6%[44] - The group's cash and cash equivalents, along with time deposits, totaled RMB 568.6 million as of December 31, 2024, compared to RMB 335.9 million in the previous year[95] - As of December 31, 2024, the group's net current assets amounted to RMB 452.4 million, an increase from RMB 222.6 million as of December 31, 2023[95] Dividends and Equity - The company proposed a final dividend of RMB 0.135 per share, subject to approval at the annual general meeting in 2024[4] - The board proposed a final dividend of RMB 0.135 per share, representing approximately 40.9% of the profit attributable to shareholders for the reporting period[102] - The company's total equity increased to RMB 598.4 million in 2024 from RMB 363.2 million in 2023[10] Expenses and Costs - Employee costs totaled RMB 31,594,000, a decrease of 3.5% from RMB 32,723,000 in 2023[31] - General and administrative expenses decreased from approximately RMB 18.6 million for the year ending December 31, 2023, to approximately RMB 16.4 million for the year ending December 31, 2024[83] - The group's research and development costs were approximately RMB 7.2 million, slightly up from RMB 7.1 million in the previous year[7] Financial Position - The total assets less current liabilities increased to RMB 598.4 million in 2024 from RMB 363.2 million in 2023[10] - The net current assets rose to RMB 452.4 million in 2024, compared to RMB 222.6 million in the previous year[9] - The capital to debt ratio as of December 31, 2024, was not applicable, indicating a strong financial condition compared to 0.07% in the previous year[96] Strategic Initiatives - The company aims to expand its ecosystem by connecting with more companies to provide diverse product solutions for insurance users[75] - The company is focusing on an "AI+" strategy to enhance risk management through integrated IoT devices and real-time data transmission[75] - The company plans to make prudent investments and acquisitions in the insurance intermediary and fintech sectors to enhance competitiveness, although no specific targets have been identified as of the announcement date[76] Compliance and Governance - The audit committee, consisting of three independent non-executive directors, has reviewed the consolidated financial statements and confirmed compliance with applicable accounting standards and regulations[108] - The financial figures in the performance announcement have been agreed upon by the auditor, KPMG, and are consistent with the consolidated financial statements for the reporting period[110]

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 88,456 thousand, an increase of 8.9% compared to RMB 81,624 thousand for the same period in 2023[9]. - Gross profit for the same period was RMB 37,208 thousand, reflecting a gross margin of 42.1%[9]. - Operating profit increased to RMB 26,251 thousand, up 7.4% from RMB 24,439 thousand in the prior year[9]. - Profit attributable to equity shareholders was RMB 21,588 thousand, compared to RMB 20,495 thousand in the previous year, representing a growth of 5.3%[9]. - Basic and diluted earnings per share remained stable at RMB 0.20 for both periods[9]. - The company reported a pre-tax profit of RMB 26,102 thousand, an increase from RMB 24,311 thousand in the same period last year[9]. - Total comprehensive income for the period was RMB 21,258 thousand, compared to RMB 19,747 thousand in the prior year, indicating a growth of 7.6%[9]. - Adjusted operating profit for the six months ended June 30, 2024, was RMB 22.4 million, a 23.1% increase from RMB 18.2 million for the same period in 2023[96]. - Net profit increased from approximately RMB 19.7 million for the six months ended June 30, 2023, to approximately RMB 21.3 million for the same period in 2024, maintaining a net profit margin of 24.1%[105]. Assets and Liabilities - As of June 30, 2024, total assets amounted to RMB 385,077 thousand, an increase from RMB 363,219 thousand as of December 31, 2023, representing a growth of approximately 6.1%[10]. - The company's net current assets increased to RMB 242,339 thousand from RMB 222,554 thousand, reflecting a growth of about 8.9%[10]. - The total equity attributable to shareholders rose to RMB 386,798 thousand, up from RMB 365,210 thousand, indicating an increase of approximately 5.5%[11]. - The company’s total liabilities increased to RMB 50,633 thousand from RMB 26,733 thousand, reflecting a growth of approximately 89.5%[10]. - Accounts payable and other payables surged to RMB 41,004 thousand, compared to RMB 17,689 thousand, marking an increase of approximately 131.5%[10]. - Total accounts receivable as of June 30, 2024, was RMB 30,551,000, a slight decrease from RMB 30,897,000 as of December 31, 2023, reflecting a reduction of approximately 1.12%[52]. - The net amount of accounts receivable as of June 30, 2024, was RMB 30,472,000, down from RMB 30,806,000 as of December 31, 2023, indicating a decrease of about 1.08%[52]. Cash Flow - Operating cash inflow for the six months ended June 30, 2024, was RMB 25,044 thousand, an increase of 24.5% from RMB 20,149 thousand in the same period of 2023[16]. - Net cash generated from operating activities reached RMB 19,306 thousand, up 54.1% compared to RMB 12,512 thousand in the prior year[16]. - Cash and cash equivalents decreased significantly to RMB 65,598 thousand from RMB 203,638 thousand, a decline of about 67.8%[10]. - Net cash used in investing activities was RMB 150,011 thousand, compared to a net cash inflow of RMB 188,287 thousand in the same period of 2023[16]. - The company reported a net cash outflow from financing activities of RMB 7,335 thousand, contrasting with a net inflow of RMB 21,248 thousand in the previous year[16]. Research and Development - Research and development costs were RMB 4,389 thousand, reflecting the company's commitment to innovation[9]. - Research and development costs for the six months ended June 30, 2024, were RMB 4,385 thousand, slightly higher than RMB 4,216 thousand for the same period in 2023[33]. Employee and Management Costs - Employee costs for the six months ended June 30, 2024, amounted to RMB 14,285 thousand, a decrease from RMB 16,049 thousand for the same period in 2023, representing a reduction of about 11%[37]. - The total remuneration for key management personnel increased from RMB 2,505 thousand to RMB 2,571 thousand, an increase of approximately 2.6%[75]. Shareholder Information - The company issued a total of 35,300,000 H-shares at HKD 7 per share on August 6, 2024, with trading commencing on the Hong Kong Stock Exchange[78]. - The total issued shares of the company as of the listing date is 141,195,600, which includes 105,895,600 domestic shares and 35,300,000 H-shares[139]. - Haier Group holds 64,000,000 shares, representing 60.44% of the company's issued shares and 45.33% of the total shares[144]. - The company has a significant concentration of ownership, with Haier Group and Qingdao Haichuangke Management collectively controlling a majority of the voting rights[147]. Business Strategy and Future Plans - The company plans to continue expanding its insurance agency and IT services, focusing on digital solutions for clients[19]. - The company plans to expand its insurance user coverage and strengthen partnerships with insurance companies, including establishing branches to enhance market presence[89]. - The company aims to enhance its digital capabilities by upgrading core business systems and introducing AI-based tools to improve user efficiency and experience[90]. - Marketing efforts will focus on increasing brand awareness through online advertising on platforms like WeChat, Weibo, and Douyin[92]. - The company intends to pursue prudent investments and acquisitions in the insurance intermediary and fintech sectors to accelerate business development[93]. Corporate Governance - The company has established an audit committee to assist the board in fulfilling its financial reporting and corporate governance responsibilities[128]. - The company operates under the guidelines of the Corporate Governance Code as per the listing rules[151]. - The company has established itself as a limited liability company in China since March 16, 2017[151].

Financial Performance - For the six months ended June 30, 2024, the group recorded revenue of approximately RMB 88.5 million, an increase of about 8.5% compared to RMB 81.6 million for the same period in 2023[1] - The gross profit for the same period was approximately RMB 37.2 million, reflecting an increase of about 3.3% from RMB 36.0 million in the prior year[1] - Profit attributable to equity shareholders was approximately RMB 21.6 million, up by about 5.4% from RMB 20.5 million in the previous year[1] - Adjusted operating profit (non-IFRS measure) was approximately RMB 22.4 million, representing an increase of about 23.1% compared to RMB 18.2 million for the same period in 2023[1] - The group reported a pre-tax profit of approximately RMB 26.1 million, compared to RMB 24.3 million for the same period in 2023, indicating a growth of about 7.4%[2] - Total revenue for the six months ended June 30, 2024, was RMB 88,456 thousand, an increase from RMB 81,624 thousand for the same period in 2023, representing a growth of 8.5%[9] - Insurance agency business revenue reached RMB 82,213 thousand for the six months ended June 30, 2024, up from RMB 75,865 thousand in 2023, reflecting a growth of 8.3%[13] - IT services revenue increased to RMB 5,486 thousand in the first half of 2024, compared to RMB 4,436 thousand in 2023, marking a growth of 23.6%[13] - The company reported a pre-tax profit of RMB 26,102 thousand for the six months ended June 30, 2024, compared to RMB 24,311 thousand in 2023, an increase of 7.4%[14] - The net profit attributable to equity shareholders for the six months ended June 30, 2024, was RMB 21,588,000, compared to RMB 20,495,000 for the same period in 2023, representing an increase of approximately 5.34%[23] Assets and Liabilities - The total assets less current liabilities amounted to RMB 385.1 million as of June 30, 2024, compared to RMB 363.2 million as of December 31, 2023[4] - The net assets of the group were RMB 385.1 million, an increase from RMB 363.2 million at the end of the previous year[5] - The total accounts receivable as of June 30, 2024, was RMB 30,551,000, a slight decrease from RMB 30,897,000 as of December 31, 2023[25] - The total liabilities increased to RMB 41,004,000 as of June 30, 2024, from RMB 17,689,000 as of December 31, 2023, reflecting a significant rise in payables[33] - The company's paid-in capital increased from RMB 83.0 million to RMB 105.9 million after an injection of RMB 31.2 million on January 18, 2023[35] - The company's capital reserve rose from RMB 118.7 million to RMB 127.0 million following the same capital injection[35] Cash Flow - The group’s cash and cash equivalents decreased to RMB 65.6 million from RMB 203.6 million at the end of the previous year[4] - Cash and cash equivalents decreased significantly to RMB 65,598,000 as of June 30, 2024, down from RMB 203,638,000 as of December 31, 2023[27] - The net cash inflow from operating activities rose from RMB 12.5 million to RMB 19.3 million, attributed to increased operating profit and improved operational efficiency[58] - The net cash outflow from investment activities was RMB 150.0 million, compared to a net inflow of RMB 188.3 million in the same period last year[59] - The net cash outflow from financing activities was RMB 7.3 million, down from a net inflow of RMB 21.2 million in the previous year[60] - As of June 30, 2024, the net current assets amounted to RMB 242.3 million, up from RMB 222.6 million on December 31, 2023[61] Research and Development - Research and development costs for the period were approximately RMB 4.4 million, slightly up from RMB 4.2 million in the previous year[2] - Research and development costs for the first half of 2024 were RMB 4,385 thousand, slightly higher than RMB 4,216 thousand in 2023[14] - Research and development expenses for the six months ended June 30, 2024, were RMB 643,000, slightly up from RMB 624,000 in the same period of 2023[22] Operational Strategy - The company plans to establish 30 to 36 branches in regions such as Hebei, Henan, Anhui, Hubei, Chongqing, Shanghai, and Beijing to expand its geographical coverage[41] - The company aims to enhance its digital capabilities by upgrading core business systems and introducing AI-based tools to improve user efficiency[43] - New IT service products will be developed to meet the needs of various industries, ensuring consistent quality across offerings[44] - Marketing activities will include online advertising on mainstream media platforms and social media to enhance brand awareness[45] - The company will continue to strengthen relationships with insurance company partners and provide systematic training for insurance agents[42] - The company will focus on promoting insurance products through various sales channels, including direct sales and referrals from strategic partners[39] - The company is committed to maintaining rapid growth in its core insurance agency services and IT consulting services[40] Corporate Governance - The Audit Committee, consisting of three independent non-executive directors, is responsible for overseeing the financial reporting process and internal controls[69] - The company has confirmed compliance with the standard code of conduct for securities trading since its listing date, with no known violations by directors or employees[67] - The company will continue to review and monitor its corporate governance practices to ensure compliance with the corporate governance code[66] - The current arrangement of having the same individual serve as both Chairman and CEO is believed to enhance strategic planning and decision-making efficiency[66] Miscellaneous - No dividends were paid during the reporting period[36] - No interim dividend was recommended for the six months ended June 30, 2024[65] - The company has sufficient liquidity to meet operational funding requirements and maintain financial flexibility for future strategic investment opportunities[61] - The company has issued a total of 35,300,000 H-shares at HKD 7 per share, starting trading on the main board of the Stock Exchange[70] - There have been no significant post-reporting period events that require disclosure as of June 30, 2024[70] - The company expresses gratitude to its management, employees, shareholders, and business partners for their contributions and support during the reporting period[71]