6月26日，截至港股收盘，恒生指数下跌0.61%，报24325.4点。国际商业数字技术（01782.HK）收报 3.76港元/股，上涨10.26%，成交量604.5万股，成交额2277.34万港元，振幅8.5%。 最近一个月来，国际商业数字技术累计跌幅16.63%，今年来累计跌幅15.8%，跑输恒生指数22.01%的涨 幅。 财务数据显示，截至2024年12月31日，国际商业数字技术实现营业总收入1.04亿元，同比减少13.46%； 归母净利润-7506.8万元，同比减少59.19%；毛利率43.82%，资产负债率21.19%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，软件服务行业市盈率（TTM）平均值为-10.79倍，行业中值-2.65倍。国际商业数字技术 市盈率-32.47倍，行业排名第75位；其他京投交通科技（01522.HK）为3.63倍、驴迹科技（01745.HK） 为3.65倍、黄河实业（00318.HK）为3.91倍、自动系统（00771.HK）为4.13倍、俊盟国际（08062.HK） 为4.61倍。 资料显示，国际商业数字技术有限公司是世界领先的数字技术公司,致力于 ...

中证智能财讯 国际商业数字技术（01782）4月24日披露2024年度报告。报告期内，公司实现营业总收入1.10亿元，同比下降15.03%；归母净利润亏损 7506.80万元，上年同期亏损4715.50万元；经营活动产生的现金流量净额为-3827.80万元，上年同期为-2677.10万元；据报告显示，国际商业数字技术基本每 股收益为-0.0985元，加权平均净资产收益率为-36.4%。 以4月24日收盘价计算，国际商业数字技术目前市净率（TTM）约23.9倍，市销率（TTM）约37.8倍。 市盈率(TTM)历史分位(%) 001 900 96:59 937 - 80-58 80 70 6247 60 50 40 40-33 30 20 13d56 10 0 2019-12-37 1 ·7-12-37 2-12-37 J-12-37 2n- 制图数据来自恒生聚源数据库 市净率(LF)历史分位(%) (100 90 80 70 76 60 50 49-88 40 30 243 20 13652 10 e d 0 7 2019-12-37 I 0-30 1 0-06-30 /-12-37 <-37 2n- 制图数据 ...

Financial Performance - The company's revenue for the year ended December 31, 2024, was RMB 104,023,000, a decrease of 13.5% compared to RMB 120,205,000 in 2023[11]. - Gross profit for 2024 was RMB 45,578,000, down 17.3% from RMB 55,145,000 in the previous year, resulting in a gross margin of 43.8%[11]. - The company reported a net loss of RMB 75,510,000 for 2024, compared to a net loss of RMB 47,313,000 in 2023, reflecting a net loss margin of 72.6%[11]. - Cash and cash equivalents decreased by 36.9% to RMB 77,321,000 from RMB 122,620,000 in 2023[11]. - Total assets declined by 28.0% to RMB 208,808,000 from RMB 289,857,000 in the previous year[11]. - Revenue from the overall APM system solutions decreased by approximately 21.1% from RMB 48.7 million for the year ending December 31, 2023, to RMB 38.4 million for the year ending December 31, 2024[18]. - Revenue from software development services decreased by approximately 17.8% from RMB 51.0 million to RMB 41.9 million during the same period[19]. - Revenue from embedded hardware and standard APM software sales decreased by approximately 54.5% from RMB 5.5 million to RMB 2.5 million[21]. - Other income and gains decreased from approximately RMB 9.3 million to RMB 6.0 million, primarily due to reductions in government subsidies and bank interest income[23]. - Selling and distribution expenses decreased by approximately 21.2% from RMB 29.2 million to RMB 23.0 million[24]. - R&D costs decreased by approximately 17.0% from RMB 38.9 million to RMB 32.3 million[25]. - The company recorded a loss attributable to owners of approximately RMB 75.1 million for the year ending December 31, 2024, compared to a loss of RMB 47.2 million for the year ending December 31, 2023[28]. - The total equity of the company as of December 31, 2024, was approximately RMB 164.6 million, a decrease from RMB 242.1 million as of December 31, 2023[32]. - The company’s capital expenditure for the year ended December 31, 2024, was approximately RMB 4.2 million, down from RMB 18.8 million in 2023[36]. Business Strategy and Market Environment - The company is focusing on developing Central Bank Digital Currency (CBDC) products and enhancing Application Performance Management (APM) solutions, with plans to expand CBDC services globally[12][13]. - The economic environment has led to a cautious approach from clients regarding new investments, impacting contract signings and project delivery timelines[13]. - The company aims to convert discussions with local financial institutions into revenue-generating opportunities, despite current challenges in the macroeconomic landscape[12]. - The company is actively promoting its products to other telecommunications and broadcasting companies to increase project numbers and reduce reliance on one-time project revenues[45]. - The company is expanding its business to China's second and third largest telecommunications groups and the broadcasting industry, leveraging similar network architectures and technologies[44]. - The company is focusing on diversifying its customer base, including small and medium-sized enterprises, to effectively reduce risks associated with reliance on a single major customer[44]. - The company is increasing the proportion of recurring services in its projects to strengthen its revenue stability[45]. - The company is actively expanding its customer base, including small and medium enterprises and overseas markets, to mitigate seasonal impacts on its business[45]. Shareholder and Governance Matters - The board of directors did not recommend the payment of a final dividend for the year ending December 31, 2024, consistent with no final dividend for the year ending December 31, 2023[61]. - The company has established a dividend policy to distribute dividends semi-annually, subject to profitability and cash flow considerations[102]. - The major shareholder, International Business Digital Technology Group Limited, holds 479,110,000 shares, representing 62.88% of the total shares[91]. - The company confirms that at least 25% of its total issued share capital is held by the public as of the report date[97]. - The board of directors consists of one executive director, one non-executive director, and three independent non-executive directors, ensuring a balanced governance structure[120]. - The company is committed to high standards of corporate governance and has adhered to all relevant codes and principles during the reporting period[115]. - The independent non-executive directors have confirmed their independence in writing, ensuring compliance with Listing Rule 3.13[125]. - The company has established a shareholder communication policy to provide balanced and easily understandable information to shareholders[177]. - Shareholders can submit inquiries and concerns to the board in writing, ensuring their voices are heard[181]. Risk Management and Compliance - The company has mechanisms in place to ensure compliance with disclosure regulations regarding inside information[171]. - The board has a responsibility to ensure effective risk management and internal control systems, which have been reviewed annually[169]. - The company has engaged an independent external consultant for an internal control review, which has been completed as of the report date[169]. - The company has not experienced any significant labor disputes with employees during the fiscal year ending December 31, 2024, and maintains good relations with staff[98]. - The company has complied with relevant laws and regulations during the fiscal year ending December 31, 2024, including intellectual property laws[105]. Audit and Financial Reporting - The independent auditor, Ernst & Young, has issued an opinion that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2024[183]. - The audit committee assists the board in overseeing the financial reporting process of the group[194]. - The auditor's responsibility is to reasonably ensure that the consolidated financial statements are free from material misstatement due to fraud or error[195]. - The audit procedures include testing the aging of trade receivables and contract assets, as well as evaluating the expected credit loss rate considering historical cash collections and market conditions[190]. - The overall presentation, structure, and content of the consolidated financial statements, including disclosures, are assessed for fair representation of relevant transactions and events[197]. Employee and Diversity Initiatives - The company is considering implementing stock option plans to enhance employee loyalty and reduce turnover in its R&D department[44]. - The employee gender ratio in the workplace is approximately 2:8 (female to male) as of December 31, 2024, with efforts to create a diverse and supportive work environment[155]. - The company aims to improve gender diversity on the board, currently having one female director out of five, and is actively seeking suitable candidates[151]. - The Nomination Committee reviews the board's structure, size, composition, and diversity annually, ensuring the effectiveness of the diversity policy[149][154].

Financial Performance - For the fiscal year ending December 31, 2024, the company's revenue was approximately RMB 104,023,000, a decrease of about 13.5% compared to RMB 120,205,000 for the fiscal year ending December 31, 2023[2]. - The company reported a loss attributable to shareholders of approximately RMB 75,068,000 for the fiscal year ending December 31, 2024, compared to a loss of RMB 47,155,000 for the fiscal year ending December 31, 2023[3]. - Basic loss per share for the fiscal year ending December 31, 2024, was approximately RMB 9.85, compared to RMB 6.19 for the fiscal year ending December 31, 2023[2]. - Gross profit for the fiscal year ending December 31, 2024, was RMB 45,578,000, down from RMB 55,145,000 in the previous year[3]. - Total comprehensive loss for the fiscal year ending December 31, 2024, was RMB 75,510,000, compared to RMB 47,313,000 in the previous year[3]. - Revenue for 2024 is projected to be approximately RMB 77,465,000, compared to RMB 100,790,000 in 2023, indicating a decline[16]. - The total revenue from customer contracts for 2024 is RMB 104,023,000, down from RMB 120,205,000 in 2023, representing a decrease of about 13.4%[19]. - Other income for 2024 totals RMB 6,040,000, down from RMB 9,326,000 in 2023, indicating a decrease of about 35.5%[25]. - The company recorded a loss attributable to equity holders of approximately RMB 75.1 million for the year ending December 31, 2024, compared to a loss of approximately RMB 47.2 million for the year ending December 31, 2023[66]. Expenses and Costs - Research and development expenses for the fiscal year ending December 31, 2024, were RMB 32,288,000, compared to RMB 38,922,000 for the fiscal year ending December 31, 2023[3]. - Administrative expenses increased to RMB 55,756,000 for the fiscal year ending December 31, 2024, from RMB 43,304,000 in the previous year[3]. - The total service cost for 2024 is CNY 57,424,000, down from CNY 62,630,000 in 2023, reflecting a decrease of approximately 8.5%[26]. - Selling and distribution expenses are anticipated to decrease from approximately RMB 29.2 million for the year ending December 31, 2023, to approximately RMB 23.0 million for the year ending December 31, 2024, a reduction of about 21.2%[62]. - Research and development costs are expected to decline from approximately RMB 38.9 million for the year ending December 31, 2023, to approximately RMB 32.3 million for the year ending December 31, 2024, a decrease of about 17.0%[63]. - The total financing costs for 2024 are CNY 372,000, slightly up from CNY 367,000 in 2023[29]. Assets and Liabilities - Total assets increased to CNY 242.572 billion in 2024 from CNY 167.689 billion in 2023, representing a growth of approximately 44.5%[4]. - Current assets reached CNY 256.329 billion in 2024, up from CNY 192.110 billion in 2023, indicating an increase of about 33.5%[4]. - Net assets decreased to CNY 164.552 billion in 2024 from CNY 242.062 billion in 2023, reflecting a decline of approximately 32.1%[5]. - Total liabilities decreased to CNY 41.119 billion in 2024 from CNY 47.285 billion in 2023, showing a reduction of about 13.5%[4]. - The company’s total non-current liabilities were CNY 3,137 million in 2024, a significant increase from CNY 510 million in 2023, indicating a rise of approximately 516.5%[5]. - The company’s total current liabilities were CNY 41,119 million in 2024, down from CNY 47,285 million in 2023, representing a decrease of about 13.5%[4]. Revenue Breakdown - The revenue from integrated APM system solutions is RMB 38,426,000 for 2024, down from RMB 48,723,000 in 2023, a decline of approximately 21.5%[19]. - The revenue from software services is RMB 41,947,000 for 2024, compared to RMB 50,974,000 in 2023, reflecting a decrease of around 17.7%[19]. - The revenue from technical services increased to RMB 21,190,000 in 2024 from RMB 15,031,000 in 2023, marking a growth of approximately 41.1%[19]. - Revenue from the integrated APM system solutions decreased by approximately RMB 10.3 million, while revenue from software development services decreased by approximately RMB 9.0 million[54]. - Revenue from embedded hardware and standard APM software is expected to decrease from approximately RMB 5.5 million for the year ending December 31, 2023, to approximately RMB 2.5 million for the year ending December 31, 2024, a reduction of about 54.5%[59]. Business Segments - The company operates in two main business segments: Central Bank Digital Currency (CBDC) and Application Performance Management (APM) solutions for telecom operators and large enterprises[7]. - The CBDC business aims to provide an integrated system including software development services, technical services, and hardware sales[7]. - For the APM segment, the company offers comprehensive APM system solutions, software development services, technical services, and sales of embedded hardware and standard APM software[7]. - The company is focused on expanding its CBDC business and enhancing its APM solutions to capture more market share in China[7]. Future Outlook - The company anticipates a continued focus on expanding its integrated APM system solutions and software development services in the upcoming year[20]. - The company plans to expand its CBDC products and services globally, aiming to provide better digital financial services to local users[48]. - The company is actively exploring opportunities to convert discussions with local financial institutions into revenue-generating collaborations[48]. - The company’s strategy focuses on leveraging its technological advantages to explore new growth areas while maintaining its existing business[47]. Corporate Governance - The board of directors does not recommend the payment of a final dividend for the fiscal year ending December 31, 2024, consistent with the previous year[2]. - The company has implemented a stock option plan since November 21, 2016, to incentivize and reward eligible individuals for their contributions to the group[82]. - The board believes that having the same individual serve as both Chairman and CEO ensures consistency in the company's leadership direction[91]. - The audit committee was established on November 21, 2016, and includes independent non-executive directors[95]. - Ernst & Young confirmed that the financial statements for the year ending December 31, 2024, are consistent with the preliminary financial report[97].

Financial Performance - The company's revenue for the six months ended June 30, 2024, was approximately RMB 42.1 million, an increase from RMB 37.0 million in the same period of 2023, representing a growth of 8.5%[27] - The net loss attributable to equity holders of the parent company for the same period was approximately RMB 38.5 million, compared to a net loss of RMB 21.1 million in 2023, indicating a significant increase in losses[27] - The net loss margin for the period was -92.7%, compared to -56.7% in the previous year, highlighting a worsening financial performance[27] - The company reported a total comprehensive loss of RMB (38,545,000) for the period, compared to RMB (21,087,000) in the previous year, reflecting increased losses[77] - Basic and diluted loss per share for the period was RMB 5.06, compared to RMB 2.77 for the same period in 2023, indicating a significant increase in loss per share of 82.5%[95] Revenue Breakdown - Revenue from the overall APM system solutions increased by approximately 21.8% from RMB 13.3 million to RMB 16.2 million for the six months ended June 30, 2024[33] - Revenue from software development services rose by approximately 32.9% from RMB 14.9 million to RMB 19.9 million, driven by increased demand for 5G private network project software development[34] - Revenue from technical services decreased by approximately 18.1% from RMB 7.1 million to RMB 5.8 million due to resource allocation towards promoting new products and technologies in the overall APM system solutions[35] - Revenue from embedded hardware and standard APM software sales plummeted by approximately 86.7% from RMB 1.7 million to RMB 0.2 million, as customers shifted to comprehensive system integration solutions[36] - Major customer revenue was approximately RMB 30,547,000, accounting for over 10% of total revenue, compared to RMB 27,120,000 in the previous year[87] Expenses and Costs - Sales and distribution expenses surged by approximately 111.0% from RMB 6.0 million to RMB 12.7 million, attributed to increased marketing efforts in post-COVID-19 China[39] - Research and development expenses rose by approximately 7.4% from RMB 19.2 million to RMB 20.6 million, mainly due to an increase in personnel costs related to 5G business and AI research teams[40] - Administrative expenses increased by approximately 41.5% from RMB 19.5 million to RMB 27.6 million, driven by the need to expand the customer base and diversify revenue sources in the CBDC network system market[41] Assets and Liabilities - Total assets decreased to RMB 248.01 million from RMB 289.86 million, showing a decline in the company's asset base[27] - Cash and cash equivalents as of June 30, 2024, were RMB 84.96 million, down from RMB 122.62 million at the end of 2023, indicating a liquidity contraction[27] - The total equity of the company as of June 30, 2024, was approximately RMB 202.4 million, down from RMB 242.1 million as of December 31, 2023[46] - The company's current ratio decreased from 5.4 as of December 31, 2023, to 5.0 as of June 30, 2024, while the debt-to-equity ratio increased from 4.1% to 4.9% during the same period[43] - Total liabilities decreased to RMB 41,775,000 from RMB 47,285,000, a reduction of 11.7%[74] Cash Flow and Financing - Operating cash flow before tax loss was RMB (39,009,000), compared to RMB (21,149,000) in the previous year, indicating a worsening cash flow situation[78] - The company's financing cash flow net amount was RMB (3,223,000), compared to RMB (942,000) in the previous year, indicating increased cash outflow from financing activities[79] - The company’s interest-bearing bank loans remained unchanged at RMB 10.0 million as of June 30, 2024, with a fixed annual interest rate of approximately 2.25%[46] Strategic Initiatives - The company is actively developing Central Bank Digital Currency (CBDC) solutions, including modules for issuance, wallet, identity verification, and transaction processing[30] - The company aims to expand its CBDC products and services globally, targeting multiple countries to enhance digital financial services for local users[30] - The company plans to allocate funds towards upgrading digital technologies, including CBDC and AI, to enhance all existing business segments[50] - The company has plans to enter new business markets related to CBDC network systems using advanced digital technologies[1] Corporate Governance and Compliance - The audit committee reviewed the unaudited consolidated results for the six months ended June 30, 2024, and found them compliant with applicable accounting standards[70] - The company has maintained compliance with corporate governance principles as per the listing rules[68] - The interim condensed financial statements were approved and authorized for publication by the board of directors on August 23, 2024[109] Employee and Shareholder Information - As of June 30, 2024, the group had total employee costs of approximately RMB 40.8 million, an increase from RMB 38.8 million for the same period in 2023[57] - The group has 320 employees as of June 30, 2024[57] - Major shareholders include International Business Digital Technology Group Limited, holding 569,715,000 shares, which represents 74.77% of the total shares[64]

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 International Business Digital Technology Limited 國際商業數字技術有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1782） 截 至 二 零 二 四 年 六 月 三 十 日 止 六 個 月 中 期 業 績 公 告 國 際 商 業 數 字 技 術 有 限 公 司（「本 公 司」）董 事（「董 事」）會（「董 事 會」）欣 然 宣 佈 本 公 司 及 其 附 屬 公 司（統 稱「本 集 團」）截 至 二 零 二 四 年 六 月 三 十 日 止 六 個 月 的 未 經 審 核 中 期 簡 明 綜 合 財 務 報 表。 本 集 團 截 至 二 零 二 四 年 六 月 三 十 ...

Financial Performance - The company's revenue for the year ended December 31, 2023, was RMB 120,205,000, representing a 15.8% increase from RMB 103,767,000 in 2022[7] - Gross profit for 2023 was RMB 55,145,000, up 14.8% from RMB 48,052,000 in the previous year, with a gross margin of 45.9%[7] - The company reported a net loss of RMB 47,313,000 for 2023, compared to a net loss of RMB 14,125,000 in 2022, resulting in a net loss margin of 39.4%[7] - The group’s revenue for the year ended December 31, 2023, was approximately RMB 120.2 million, an increase of about RMB 16.4 million or 15.8% compared to RMB 103.8 million for the year ended December 31, 2022[16] - Revenue from software development services surged by approximately 83.9% to about RMB 51.0 million for the year ended December 31, 2023, from approximately RMB 27.7 million for the year ended December 31, 2022[18] - The company recorded a loss attributable to owners of approximately RMB 47.2 million for the year ended December 31, 2023, compared to a loss of approximately RMB 11.9 million for the year ended December 31, 2022[26] - The company reported a pre-tax loss of RMB 47,954,000 for 2023, significantly higher than the pre-tax loss of RMB 15,013,000 in 2022[143] - The annual loss attributable to the parent company was RMB 47,155,000, compared to RMB 11,929,000 in the previous year, indicating a substantial increase in losses[143] Cash Flow and Assets - Cash and cash equivalents decreased by 28.5% to RMB 122,620,000 from RMB 171,366,000 in 2022[8] - Total assets decreased by 12.0% to RMB 289,857,000 from RMB 329,372,000 in the previous year[8] - Current assets decreased from approximately RMB 275.2 million to RMB 209.0 million, with cash and cash equivalents at approximately RMB 122.6 million as of December 31, 2023[27] - The current ratio decreased from 8.2 to 5.4, while the debt-to-equity ratio increased from 3.5% to 4.1%[27] - The company’s cash and cash equivalents decreased to RMB 122,620,000 from RMB 171,366,000, a decrease of 28.4% year-over-year[144] - The total equity attributable to the parent company decreased to RMB 235,933,000 from RMB 283,088,000, a decline of 16.7% year-over-year[145] Expenses and Costs - Selling and distribution expenses increased by approximately 105.6% from RMB 14.2 million to RMB 29.2 million, driven by increased marketing efforts in post-COVID-19 China[23] - R&D costs rose by approximately 6.3% from RMB 36.6 million to RMB 38.9 million, mainly due to an increase in personnel related to 5G and AI research teams[24] - Administrative expenses increased by approximately 78.2% from RMB 24.3 million to RMB 43.3 million, reflecting the need for further business development in the CBDC network system[25] - The company incurred administrative expenses of RMB 43,304,000 in 2023, compared to RMB 24,310,000 in 2022, indicating increased operational costs[143] Strategic Initiatives - The company is actively developing multiple Central Bank Digital Currency (CBDC) product modules and has acquired several software copyrights to support this initiative[10] - The company is establishing partnerships with local ministries of finance, central banks, and commercial banks in various regions and countries to support CBDC project implementation[10] - The company aims to align its business objectives with China's GDP growth target of 5% for 2024, as outlined in the government work report[6] - The company plans to invest in upgrading digital technologies, including CBDC, big data, and AI, to expand all existing business segments[32] - The company plans to invest approximately RMB 100.6 million in big data and AI technology to expand its existing APM business[33] Governance and Compliance - The company has adopted the corporate governance code as per the listing rules and has complied with all code provisions for the year ending December 31, 2023[87] - The board consists of one executive director, one non-executive director, and three independent non-executive directors, ensuring a balanced governance structure[90] - The company has confirmed that all independent non-executive directors meet the independence criteria as per the listing rules, ensuring proper governance oversight[97] - The company has established a code of conduct for securities trading by directors, ensuring adherence to ethical standards[89] Employee and Workforce - The company reported employee costs of approximately RMB 88.4 million for the year ending December 31, 2023, compared to RMB 69.1 million in 2022[40] - The company has 305 employees as of December 31, 2023, an increase from 299 employees in 2022[40] - The employee gender ratio is approximately 2:8, with efforts to attract a diverse workforce and promote gender diversity culture[113] Market and Customer Relations - The company is expanding its business to China's second and third largest telecom groups and promoting its new SaaS cloud platform products to diversify its customer base[42] - The company is actively promoting its products to other telecommunications and broadcasting industries to increase project numbers and reduce reliance on one-time project revenues[43] - The top five customers accounted for approximately 32.2% of total revenue for the year ending December 31, 2023, compared to 31.1% in 2022, with the largest customer contributing about 7.7% of sales[58] Risk Management - The board of directors confirmed that they are responsible for ensuring the effectiveness of the group's risk management and internal control systems, which were reviewed annually[122] - The group has engaged an independent external consultant for an internal control review, which has been completed as of the date of the annual report[122] Future Outlook - The group anticipates steady revenue growth in the APM business over the coming years, driven by product and technology innovations in sectors such as smart mining, smart factories, and smart cities[15] - The company plans to distribute dividends semi-annually, subject to its profitability and cash flow levels, with the ability to declare special dividends as needed[80]

Financial Performance - For the year ended December 31, 2023, the company's revenue was approximately RMB 120,205,000, an increase of about 15.8% compared to approximately RMB 103,767,000 for the year ended December 31, 2022[2]. - The loss attributable to owners of the company for the year ended December 31, 2023, was approximately RMB 47,155,000, compared to a loss of approximately RMB 11,929,000 for the year ended December 31, 2022[2]. - Basic loss per share for the year ended December 31, 2023, was approximately RMB 7.05, compared to RMB 1.85 for the year ended December 31, 2022[2]. - The company reported a gross profit of RMB 55,145,000 for the year ended December 31, 2023, compared to RMB 48,052,000 for the year ended December 31, 2022[3]. - The group reported a net impairment loss of RMB 602 thousand for contract assets in 2023, compared to RMB 215 thousand in 2022[35]. - The company reported a loss attributable to equity holders of RMB 47,155,000, compared to a loss of RMB 11,929,000 in the previous year[28]. Revenue Breakdown - Revenue from mainland China increased to RMB 119,223,000 in 2023, up from RMB 102,483,000 in 2022, representing a growth of approximately 16.3%[11]. - Revenue from software development services surged to RMB 50,974,000 in 2023, a significant rise from RMB 27,714,000 in 2022, reflecting an increase of approximately 83.7%[15]. - The company generated approximately RMB 100,790,000 in revenue from a major state-owned telecommunications operator in 2023, up from RMB 71,691,000 in 2022, which is an increase of around 40.6%[13]. - The embedded hardware and standard APM software sales revenue decreased by approximately 68.4% to about RMB 5.5 million for the year ended December 31, 2023, due to a shift towards comprehensive system integration solutions[49]. - The overall APM system solution revenue rose by approximately 4.1% to about RMB 48.7 million for the year ended December 31, 2023, reflecting a recovery in operations post-COVID-19[46]. Assets and Liabilities - The total non-current assets as of December 31, 2023, amounted to RMB 33,528,000, an increase from RMB 16,049,000 as of December 31, 2022[4]. - Current assets as of December 31, 2023, totaled RMB 256,329,000, down from RMB 313,323,000 as of December 31, 2022[4]. - The company's total liabilities as of December 31, 2023, were RMB 14,510,000, compared to RMB 40,000,000 as of December 31, 2022[5]. - Trade receivables decreased to RMB 12,844,000 from RMB 25,862,000, a decline of 50.3%[28]. - The total contract assets amounted to RMB 101,296 thousand as of December 31, 2023, with a decrease from RMB 103,227 thousand in 2022[34]. Expenses and Costs - Cost of goods sold decreased significantly to RMB 2,430,000 from RMB 10,238,000, a reduction of 76.2%[21]. - Research and development expenses for the year amounted to RMB 38,922,000, up from RMB 36,592,000, reflecting a growth of 6.4%[21]. - Sales and distribution expenses increased by approximately 105.6% from about RMB 14.2 million in 2022 to approximately RMB 29.2 million in 2023, driven by increased marketing efforts in post-COVID-19 China and expansion into new business markets related to CBDC[52]. - Administrative expenses increased by approximately 78.2% from about RMB 24.3 million in 2022 to approximately RMB 43.3 million in 2023, attributed to further business development in software and technology services[54]. Strategic Focus and Development - The company is focusing on developing a Central Bank Digital Currency (CBDC) network system and providing Application Performance Management (APM) products and services to telecom operators and large enterprises in China[6]. - The group is actively engaging with local ministries, central banks, and financial institutions to establish cooperative relationships for CBDC projects[39]. - The company plans to develop CBDC solutions, including distributed ledger technology and digital identity verification, to enhance its digital financial services globally[43]. - The company aims to leverage the digital economy's growth and the ongoing digital transformation across various sectors to capture new opportunities[44]. Compliance and Governance - The company has adopted new and revised Hong Kong Financial Reporting Standards for the current financial year[8]. - The audit committee, consisting of independent non-executive directors, reviewed the group's financial performance for the year ending December 31, 2023, ensuring compliance with applicable accounting standards and regulations[73]. - Ernst & Young has verified the financial statements for the year ending December 31, 2023, ensuring consistency with the preliminary financial report[74]. - The board composition reflects a commitment to governance and oversight, which is essential for strategic decision-making[74]. Dividends and Equity - The company did not recommend the payment of a final dividend for the year ended December 31, 2023, consistent with the previous year[2]. - As of December 31, 2023, the total equity of the company was approximately RMB 242.6 million, down from about RMB 289.8 million as of December 31, 2022[59]. - The company did not declare or pay any dividends during the year, consistent with the previous year[27].

Financial Performance - The company's revenue for the first half of 2023 decreased by approximately 19.0% compared to the same period last year, resulting in a net loss of approximately RMB 21.0 million[18]. - The group's revenue for the six months ended June 30, 2023, was approximately RMB 37.0 million, a decrease of about RMB 8.7 million or 19.0% compared to RMB 45.7 million for the same period in 2022[24]. - Revenue for the six months ended June 30, 2023, was RMB 37,008,000, a decrease of 18.9% compared to RMB 45,695,000 for the same period in 2022[64]. - The group recorded a net loss of approximately RMB 21.0 million for the six months ended June 30, 2023, compared to a net loss of approximately RMB 3.1 million for the same period in 2022[34]. - The company reported a net loss of RMB 20,972,000 for the six months ended June 30, 2023, compared to a net loss of RMB 3,115,000 in the prior year, representing a significant increase in losses[64]. - The group reported a pre-tax loss from continuing operations of RMB 70,000, a significant increase from a pre-tax loss of RMB 33,847,000 in the previous year[80]. Assets and Liabilities - As of June 30, 2023, total assets amounted to RMB 305.6 million, down from RMB 329.4 million as of December 31, 2022[16]. - The company's total liabilities decreased to RMB 36,929,000 as of June 30, 2023, compared to RMB 38,119,000 at the end of 2022[65]. - The company's total equity attributable to shareholders was RMB 181,858 thousand as of June 30, 2023, a decrease of RMB 2,769 thousand from the previous period[66]. - The company's cash and cash equivalents were RMB 142.2 million, a decrease from RMB 171.4 million at the end of 2022[16]. - The company's current ratio decreased from 8.2 as of December 31, 2022, to 7.6 as of June 30, 2023, primarily due to net cash outflows from operating activities and capital expenditures[35]. - The total financial liabilities measured at amortized cost increased to RMB 4,477 thousand for trade payables as of June 30, 2023, compared to RMB 2,687 thousand as of December 31, 2022, reflecting an increase of approximately 66.7%[98]. Revenue Breakdown - Revenue from the overall APM system solutions decreased by approximately 47.8% to about RMB 13.3 million for the six months ended June 30, 2023, from approximately RMB 25.5 million for the same period in 2022[25]. - Revenue from software development services increased by approximately 33.0% to about RMB 14.9 million for the six months ended June 30, 2023, compared to RMB 11.2 million for the same period in 2022[26]. - Major customer revenue was approximately RMB 27,120,000, accounting for over 10% of total revenue, down from RMB 34,555,000 in the previous year[77]. Expenses - Research and development expenses increased by approximately 34.2% to about RMB 19.2 million for the six months ended June 30, 2023, from RMB 14.3 million for the same period in 2022[32]. - Administrative expenses increased by approximately 90.2% to about RMB 19.5 million for the six months ended June 30, 2023, from RMB 10.3 million for the same period in 2022[33]. - The total remuneration for key management personnel for the six months ended June 30, 2023, was RMB 3,370 thousand, compared to RMB 4,772 thousand for the same period in 2022, representing a reduction of approximately 29.4%[97]. Cash Flow and Investments - The net cash flow used in operating activities was RMB (17,509) thousand for the six months ended June 30, 2023, compared to RMB (15,134) thousand for the same period in 2022[68]. - The company reported a net cash outflow from investing activities of RMB (13,022) thousand for the six months ended June 30, 2023[69]. - Capital expenditures for the six months ended June 30, 2023, were approximately RMB 13.0 million, significantly higher than RMB 0.4 million for the same period in 2022[40]. Strategic Initiatives - The company is actively developing Central Bank Digital Currency (CBDC) systems and has signed agreements to acquire multiple software copyrights for this purpose[19]. - The company aims to leverage its technological and innovative advantages to collaborate with central banks and regulatory bodies in advancing CBDC initiatives[21]. - The group plans to promote CBDC products and services globally, aiming to provide high-quality digital financial services to local users[22]. - APM business is expected to maintain steady revenue growth in the second half of 2023, driven by product and technology innovations[23]. Shareholder Information - The major shareholder, International Business Digital Technology Group Limited, holds 569,715,000 shares, representing 74.77% of the total shares[54]. - The stock option plan adopted on November 21, 2016, allows the company to issue a total of 48,674,500 shares under the plan, which accounts for about 6.4% of the total shares issued as of the report date[46]. - The board does not recommend the payment of an interim dividend for the six months ended June 30, 2023[41]. Miscellaneous - There were no major acquisitions or disposals of subsidiaries, associates, or joint ventures during the six months ended June 30, 2023[42]. - The company has no significant contingent liabilities as of June 30, 2023, consistent with the previous reporting period[41]. - The company confirmed that at least 25% of its total issued share capital was held by the public as of the interim report date[45].

Financial Performance - The company's revenue for the first half of 2023 decreased by approximately 19.0% compared to the same period last year, resulting in a net loss of approximately RMB 21 million[18]. - The company's revenue for the six months ended June 30, 2023, was approximately RMB 37.0 million, a decrease of about RMB 8.7 million or 19.0% compared to RMB 45.7 million for the same period in 2022[24]. - The overall APM system solution revenue decreased by approximately 47.8% from RMB 25.5 million for the six months ended June 30, 2022, to RMB 13.3 million for the same period in 2023[25]. - The company's gross profit decreased by approximately 28.0% from RMB 23.8 million for the six months ended June 30, 2022, to RMB 17.2 million for the same period in 2023[29]. - The gross profit margin decreased from approximately 52.2% for the six months ended June 30, 2022, to approximately 46.4% for the same period in 2023[29]. - The net loss for the six months ended June 30, 2023, was approximately RMB 21.0 million, compared to a net loss of approximately RMB 3.1 million for the six months ended June 30, 2022[34]. - The company reported a loss before tax of RMB 21,149 thousand, compared to a loss of RMB 3,487 thousand in the same period last year[64]. - The company reported a loss attributable to ordinary equity holders of RMB 21,087,000 for the six months ended June 30, 2023, compared to a loss of RMB 2,769,000 for the same period in 2022, representing an increase in loss of approximately 661%[85]. Assets and Liabilities - As of June 30, 2023, the total assets amounted to RMB 305,608 thousand, down from RMB 329,372 thousand as of December 31, 2022[16]. - The total liabilities were RMB 37,205 thousand, a decrease from RMB 39,997 thousand as of December 31, 2022[16]. - The total equity decreased to RMB 268,403 thousand from RMB 389,375 thousand as of December 31, 2022[16]. - The current ratio was reported at 7.6, down from 8.2 in the previous period[16]. - The debt-to-equity ratio increased to 3.7% from 3.5% as of December 31, 2022[16]. - As of June 30, 2023, the company's cash and cash equivalents were approximately RMB 142.2 million, down from RMB 171.4 million as of December 31, 2022[35]. - The current ratio decreased from 8.2 as of December 31, 2022, to 7.6 as of June 30, 2023, primarily due to net cash outflows from operating activities and capital expenditures[35]. - The total liabilities decreased to RMB 36,929,000 as of June 30, 2023, from RMB 38,119,000 at the end of 2022, a reduction of 3.1%[65]. - The company reported a decrease in trade payables to RMB 4,477,000 as of June 30, 2023, down from RMB 2,687,000 at the end of 2022, indicating a decrease of 66.5%[65]. Revenue Streams - Software development service revenue increased by approximately 33.0% from RMB 11.2 million for the six months ended June 30, 2022, to RMB 14.9 million for the same period in 2023[26]. - Technical service revenue increased by approximately 7.6% from RMB 6.6 million for the six months ended June 30, 2022, to RMB 7.1 million for the same period in 2023[27]. - Embedded hardware and standard APM software sales revenue decreased by approximately 32.0% from RMB 2.5 million for the six months ended June 30, 2022, to RMB 1.7 million for the same period in 2023[28]. - Revenue from a major state-owned telecommunications operator accounted for over 10% of total revenue, amounting to approximately RMB 27,120,000, down from RMB 34,555,000 in the previous year[77]. Expenses - Sales and distribution expenses decreased by approximately 3.7% from RMB 6.2 million for the six months ended June 30, 2022, to RMB 6.0 million for the six months ended June 30, 2023[31]. - Research and development expenses increased by approximately 34.2% from RMB 14.3 million for the six months ended June 30, 2022, to RMB 19.2 million for the six months ended June 30, 2023, primarily due to an increase in personnel costs related to 5G and AI research teams[32]. - Administrative expenses rose by approximately 90.2% from RMB 10.3 million for the six months ended June 30, 2022, to RMB 19.5 million for the six months ended June 30, 2023, driven by the need for further business development[33]. Investments and Future Plans - The company is actively developing Central Bank Digital Currency (CBDC) systems and has signed agreements to acquire multiple software copyrights to enhance its CBDC product offerings[19]. - The company plans to develop CBDC solutions that include distributed ledger technology, digital encryption technology, and cross-border payment technology, aiming for global reach[22]. - The company plans to invest in and upgrade digital technologies, including CBDC, big data, and AI, to expand its existing business segments[38]. - In the APM business segment, the company has increased investments in emerging business directions, anticipating a turnaround in profitability in the long term[20]. - The APM business is expected to maintain steady revenue growth in the second half of 2023, driven by product and technology innovations[23]. Employee and Management Information - Employee costs for the six months ended June 30, 2023, were approximately RMB 38.8 million, compared to RMB 31.4 million for the same period in 2022, representing a year-on-year increase of about 23.3%[44]. - The group had 313 employees as of June 30, 2023[44]. - The total remuneration for key management personnel was RMB 3,370 million for the six months ended June 30, 2023, compared to RMB 4,772 million for the same period in 2022, a decrease of 29.4%[97]. Shareholder Information - Major shareholders included International Business Digital Technology Group Limited, holding 569,715,000 shares, which represents 74.77% of the total[54]. - The stock option plan adopted on November 21, 2016, allows the company to grant options to eligible participants, with a total of 48,674,500 shares available for issuance, accounting for approximately 6.4% of the total shares issued as of the report date[46]. - As of June 30, 2023, the company confirmed that at least 25% of its issued share capital was held by the public[45]. Miscellaneous - The company did not purchase, sell, or redeem any of its listed securities during the six months ended June 30, 2023[60]. - There were no significant events after June 30, 2023, that would materially affect the company's operations and financial performance[62]. - The company has adopted new accounting standards effective from January 1, 2023, with no significant financial impact expected[73]. - The company changed its English name from "Vixtel Technologies Holdings Limited" to "International Business Digital Technology Limited" as approved by shareholders[70].